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[{"start": "00:00:01", "end": "00:00:05", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:07", "text": "Welcome back"}, {"start": "00:00:05", "end": "00:00:11", "text": "for another video."}, {"start": "00:00:07", "end": "00:00:12", "text": "Hope you're all doing well. Hope that"}, {"start": "00:00:11", "end": "00:00:15", "text": "everyone out there"}, {"start": "00:00:12", "end": "00:00:18", "text": "is doing absolutely fantastic. That was"}, {"start": "00:00:15", "end": "00:00:19", "text": "$31 million worth of Bitcoin. Geez"}, {"start": "00:00:18", "end": "00:00:21", "text": "Louise."}, {"start": "00:00:19", "end": "00:00:23", "text": "That you're all having a great day and"}, {"start": "00:00:21", "end": "00:00:28", "text": "that you're all doing well."}, {"start": "00:00:23", "end": "00:00:29", "text": "First I just literally was making a"}, {"start": "00:00:28", "end": "00:00:31", "text": "video"}, {"start": "00:00:29", "end": "00:00:33", "text": "and the webs I don't know if it was my"}, {"start": "00:00:31", "end": "00:00:35", "text": "internet or what. The websites I were I"}, {"start": "00:00:33", "end": "00:00:38", "text": "was on like they started giving me like"}, {"start": "00:00:35", "end": "00:00:41", "text": "was it 404 errors where like the website"}, {"start": "00:00:38", "end": "00:00:44", "text": "kind of just crashes. So"}, {"start": "00:00:41", "end": "00:00:45", "text": "going to try not to use those websites"}, {"start": "00:00:44", "end": "00:00:47", "text": "in the future. Like everything was"}, {"start": "00:00:45", "end": "00:00:48", "text": "literally just like falling apart as I"}, {"start": "00:00:47", "end": "00:00:50", "text": "was"}, {"start": "00:00:48", "end": "00:00:51", "text": "clicking around."}, {"start": "00:00:50", "end": "00:00:54", "text": "Secondly"}, {"start": "00:00:51", "end": "00:00:57", "text": "I just had"}, {"start": "00:00:54", "end": "00:01:00", "text": "a mocha mega Frappuccino something. I"}, {"start": "00:00:57", "end": "00:01:02", "text": "don't know what it is. So oh and and a a"}, {"start": "00:01:00", "end": "00:01:05", "text": "chocolate chocolate cookie."}, {"start": "00:01:02", "end": "00:01:09", "text": "You know, if you know, you know. So I'm"}, {"start": "00:01:05", "end": "00:01:11", "text": "beginning to feel like the sugar rush"}, {"start": "00:01:09", "end": "00:01:12", "text": "hitting me. So if at any point"}, {"start": "00:01:11", "end": "00:01:17", "text": "I sound [snorts]"}, {"start": "00:01:12", "end": "00:01:18", "text": "completely insane, you know, apologies"}, {"start": "00:01:17", "end": "00:01:20", "text": "um"}, {"start": "00:01:18", "end": "00:01:23", "text": "in advance."}, {"start": "00:01:20", "end": "00:01:26", "text": "Uh very Ow, smacked myself. Very big"}, {"start": "00:01:23", "end": "00:01:28", "text": "thank you to my Patreon supporters,"}, {"start": "00:01:26", "end": "00:01:32", "text": "Trent Jackson,"}, {"start": "00:01:28", "end": "00:01:35", "text": "Gil Boa Snake, and Finley Bass. Very big"}, {"start": "00:01:32", "end": "00:01:38", "text": "thank you for your support."}, {"start": "00:01:35", "end": "00:01:41", "text": "Don't forget to follow my other channel"}, {"start": "00:01:38", "end": "00:01:44", "text": "Money Rules. There is a link in the"}, {"start": "00:01:41", "end": "00:01:47", "text": "description below. I can I can feel my"}, {"start": "00:01:44", "end": "00:01:48", "text": "my my my fingertips tingling. I can I I"}, {"start": "00:01:47", "end": "00:01:51", "text": "feel like I'm"}, {"start": "00:01:48", "end": "00:01:53", "text": "I'm elevating to some other level. Maybe"}, {"start": "00:01:51", "end": "00:01:56", "text": "I shouldn't have probably had that"}, {"start": "00:01:53", "end": "00:01:58", "text": "so early in the morning."}, {"start": "00:01:56", "end": "00:02:00", "text": "Uh anyway, without the do uh, further"}, {"start": "00:01:58", "end": "00:02:03", "text": "ado,"}, {"start": "00:02:00", "end": "00:02:04", "text": "uh, here we go. Let's let's jump right"}, {"start": "00:02:03", "end": "00:02:09", "text": "into it."}, {"start": "00:02:04", "end": "00:02:11", "text": "Uh, we are currently in a very"}, {"start": "00:02:09", "end": "00:02:16", "text": "particular"}, {"start": "00:02:11", "end": "00:02:18", "text": "spot within cryptocurrency history."}, {"start": "00:02:16", "end": "00:02:22", "text": "For those of you who do not know, uh,"}, {"start": "00:02:18", "end": "00:02:24", "text": "things are about to get very real in one"}, {"start": "00:02:22", "end": "00:02:28", "text": "way or another."}, {"start": "00:02:24", "end": "00:02:28", "text": "The news basically is"}, {"start": "00:02:29", "end": "00:02:35", "text": "we are 2 weeks away"}, {"start": "00:02:32", "end": "00:02:40", "text": "from seeing if the Fed is going to lower"}, {"start": "00:02:35", "end": "00:02:43", "text": "interest rates or raise interest rates."}, {"start": "00:02:40", "end": "00:02:46", "text": "Uh, the news is that a lot of economists"}, {"start": "00:02:43", "end": "00:02:52", "text": "are looking at the"}, {"start": "00:02:46", "end": "00:02:54", "text": "micro, macro, everything economic view,"}, {"start": "00:02:52", "end": "00:02:57", "text": "and debt levels are higher than they've"}, {"start": "00:02:54", "end": "00:03:01", "text": "ever been. People are broker than"}, {"start": "00:02:57", "end": "00:03:05", "text": "they've ever been, and it would appear"}, {"start": "00:03:01", "end": "00:03:08", "text": "that things might start hitting the fan."}, {"start": "00:03:05", "end": "00:03:09", "text": "At the same exact time,"}, {"start": "00:03:08", "end": "00:03:12", "text": "um,"}, {"start": "00:03:09", "end": "00:03:15", "text": "there are expectations that the Fed"}, {"start": "00:03:12", "end": "00:03:19", "text": "could keep interest rates the same"}, {"start": "00:03:15", "end": "00:03:21", "text": "or raise them, and as many are expecting"}, {"start": "00:03:19", "end": "00:03:24", "text": "actually even lower them."}, {"start": "00:03:21", "end": "00:03:27", "text": "We've gone over that before, but I I I"}, {"start": "00:03:24", "end": "00:03:29", "text": "think many people don't understand that"}, {"start": "00:03:27", "end": "00:03:34", "text": "like"}, {"start": "00:03:29", "end": "00:03:36", "text": "the economy's doing so bad,"}, {"start": "00:03:34", "end": "00:03:39", "text": "uh, no matter what they choose, there's"}, {"start": "00:03:36", "end": "00:03:44", "text": "going to be a huge reaction in the"}, {"start": "00:03:39", "end": "00:03:46", "text": "market. We are 2 weeks away. Do you"}, {"start": "00:03:44", "end": "00:03:48", "text": "remember last October we were talking"}, {"start": "00:03:46", "end": "00:03:50", "text": "about this like, yeah, you know,"}, {"start": "00:03:48", "end": "00:03:51", "text": "let's see what happens next summer."}, {"start": "00:03:50", "end": "00:03:54", "text": "We're here."}, {"start": "00:03:51", "end": "00:03:58", "text": "If they raise interest rates, markets"}, {"start": "00:03:54", "end": "00:03:59", "text": "are going to collapse in in almost said"}, {"start": "00:03:58", "end": "00:04:02", "text": "invasion."}, {"start": "00:03:59", "end": "00:04:03", "text": "Inflation will drop by like half a"}, {"start": "00:04:02", "end": "00:04:06", "text": "percent"}, {"start": "00:04:03", "end": "00:04:09", "text": "and things will still be bad. If they"}, {"start": "00:04:06", "end": "00:04:13", "text": "lower interest rates, asset prices are"}, {"start": "00:04:09", "end": "00:04:15", "text": "going to pump with the expectation that"}, {"start": "00:04:13", "end": "00:04:19", "text": "they'll continuously lower interest"}, {"start": "00:04:15", "end": "00:04:22", "text": "rates. And inflation will go up and"}, {"start": "00:04:19", "end": "00:04:24", "text": "things will be terrible. Like there's no"}, {"start": "00:04:22", "end": "00:04:26", "text": "there's no in between and I need you to"}, {"start": "00:04:24", "end": "00:04:30", "text": "all kind of uh lock into that fact"}, {"start": "00:04:26", "end": "00:04:34", "text": "before we move uh forwarder."}, {"start": "00:04:30", "end": "00:04:36", "text": "Um in crypto world,"}, {"start": "00:04:34", "end": "00:04:39", "text": "there's a lot of news recently about"}, {"start": "00:04:36", "end": "00:04:41", "text": "altcoins. If you haven't been seeing"}, {"start": "00:04:39", "end": "00:04:43", "text": "coins that we haven't spoken about in"}, {"start": "00:04:41", "end": "00:04:46", "text": "years, that haven't been into the news,"}, {"start": "00:04:43", "end": "00:04:50", "text": "they're now being praised by like very"}, {"start": "00:04:46", "end": "00:04:53", "text": "wealthy people and it's kind of got to"}, {"start": "00:04:50", "end": "00:04:56", "text": "the you'll you'll see as we go along."}, {"start": "00:04:53", "end": "00:04:59", "text": "It feels like some kind of um a lot of"}, {"start": "00:04:56", "end": "00:05:02", "text": "the news feels like it did years ago."}, {"start": "00:04:59", "end": "00:05:06", "text": "So, cryptocurrency news years ago was"}, {"start": "00:05:02", "end": "00:05:08", "text": "very heavy on upgrades, updates, and"}, {"start": "00:05:06", "end": "00:05:10", "text": "also institutions kind of being in the"}, {"start": "00:05:08", "end": "00:05:12", "text": "space. It's difficult a little bit to"}, {"start": "00:05:10", "end": "00:05:15", "text": "explain. [snorts]"}, {"start": "00:05:12", "end": "00:05:17", "text": "As we get closer to the potential"}, {"start": "00:05:15", "end": "00:05:20", "text": "movements of interest rates,"}, {"start": "00:05:17", "end": "00:05:24", "text": "to the potential signing or not signing"}, {"start": "00:05:20", "end": "00:05:26", "text": "as we've been hearing of the Clarity Act"}, {"start": "00:05:24", "end": "00:05:28", "text": "and all these companies basically being"}, {"start": "00:05:26", "end": "00:05:30", "text": "like, \"I'm going to have a"}, {"start": "00:05:28", "end": "00:05:33", "text": "trillion-dollar chain.\""}, {"start": "00:05:30", "end": "00:05:36", "text": "It's uh it's heavily affecting large"}, {"start": "00:05:33", "end": "00:05:39", "text": "parts of the crypto market. You'll see"}, {"start": "00:05:36", "end": "00:05:44", "text": "exactly what I'm talking about."}, {"start": "00:05:39", "end": "00:05:47", "text": "So, this is part of the"}, {"start": "00:05:44", "end": "00:05:51", "text": "the the term is not hype cycle,"}, {"start": "00:05:47", "end": "00:05:53", "text": "but crypto years ago was mainly"}, {"start": "00:05:51", "end": "00:05:55", "text": "we have an upgrade, we have an update,"}, {"start": "00:05:53", "end": "00:05:58", "text": "our chain's doing good, we have more"}, {"start": "00:05:55", "end": "00:05:59", "text": "people than ever using it. We're working"}, {"start": "00:05:58", "end": "00:06:02", "text": "on a partnership, we're working with"}, {"start": "00:05:59", "end": "00:06:04", "text": "this company, that kind of thing. It was"}, {"start": "00:06:02", "end": "00:06:08", "text": "a way to prove years ago that your chain"}, {"start": "00:06:04", "end": "00:06:11", "text": "was still good, still being used. And as"}, {"start": "00:06:08", "end": "00:06:14", "text": "we've been getting other altcoin news,"}, {"start": "00:06:11", "end": "00:06:17", "text": "it seems like this is where a lot of the"}, {"start": "00:06:14", "end": "00:06:20", "text": "news is going to be going, uh especially"}, {"start": "00:06:17", "end": "00:06:22", "text": "if"}, {"start": "00:06:20", "end": "00:06:25", "text": "we get into that mode where Bitcoin is"}, {"start": "00:06:22", "end": "00:06:27", "text": "actually targeting a quarter of a"}, {"start": "00:06:25", "end": "00:06:30", "text": "million dollars per coin."}, {"start": "00:06:27", "end": "00:06:34", "text": "Uh Vijai Khanna,"}, {"start": "00:06:30", "end": "00:06:37", "text": "Ripple X director of engineering,"}, {"start": "00:06:34", "end": "00:06:40", "text": "shared progress made by the XRP Ledger"}, {"start": "00:06:37", "end": "00:06:42", "text": "AI Red Team,"}, {"start": "00:06:40", "end": "00:06:46", "text": "which culminated in the release of"}, {"start": "00:06:42", "end": "00:06:48", "text": "something called Rippled version 3.1.3."}, {"start": "00:06:46", "end": "00:06:50", "text": "While hinting at more improvements"}, {"start": "00:06:48", "end": "00:06:52", "text": "ahead, they said,"}, {"start": "00:06:50", "end": "00:06:54", "text": "\"Misvadery"}, {"start": "00:06:52", "end": "00:06:57", "text": "has been our lead hunter throughout this"}, {"start": "00:06:54", "end": "00:06:59", "text": "red team initiative, and a tremendous"}, {"start": "00:06:57", "end": "00:07:01", "text": "amount of effort went into ensuring this"}, {"start": "00:06:59", "end": "00:07:03", "text": "release could be safely deployed to"}, {"start": "00:07:01", "end": "00:07:05", "text": "mainnet."}, {"start": "00:07:03", "end": "00:07:07", "text": "Huge thanks to the UNL operations for"}, {"start": "00:07:05", "end": "00:07:09", "text": "upgrading to this version in record"}, {"start": "00:07:07", "end": "00:07:11", "text": "time, and a special thanks to {dot}"}, {"start": "00:07:09", "end": "00:07:14", "text": "{dot} {dot}.\""}, {"start": "00:07:11", "end": "00:07:16", "text": "The 3.1.3 release, which was dedicated"}, {"start": "00:07:14", "end": "00:07:18", "text": "entirely to security and bug fixes, also"}, {"start": "00:07:16", "end": "00:07:20", "text": "included 20 red team findings across"}, {"start": "00:07:18", "end": "00:07:22", "text": "several categories."}, {"start": "00:07:20", "end": "00:07:25", "text": "There were also several assorted small"}, {"start": "00:07:22", "end": "00:07:27", "text": "fixes included, some of which were found"}, {"start": "00:07:25", "end": "00:07:31", "text": "by AI."}, {"start": "00:07:27", "end": "00:07:33", "text": "This feels very 2018."}, {"start": "00:07:31", "end": "00:07:35", "text": "You usually, back then, you had to kind"}, {"start": "00:07:33", "end": "00:07:37", "text": "of The word's not convince people, but"}, {"start": "00:07:35", "end": "00:07:39", "text": "you had to keep showing them that your"}, {"start": "00:07:37", "end": "00:07:42", "text": "chain was being used, you had new"}, {"start": "00:07:39", "end": "00:07:45", "text": "upgrades. It was the only way back then"}, {"start": "00:07:42", "end": "00:07:47", "text": "to like get money into your lap. We are"}, {"start": "00:07:45", "end": "00:07:50", "text": "a good chain. We're being used. We're"}, {"start": "00:07:47", "end": "00:07:53", "text": "being so and so. And this is what a lot"}, {"start": "00:07:50", "end": "00:07:54", "text": "the last couple of days. I haven't I"}, {"start": "00:07:53", "end": "00:07:56", "text": "There's There's There's only so much"}, {"start": "00:07:54", "end": "00:07:58", "text": "time per video."}, {"start": "00:07:56", "end": "00:08:02", "text": "But a lot of the last couple days, this"}, {"start": "00:07:58", "end": "00:08:05", "text": "is when a lot of the news has kind of"}, {"start": "00:08:02", "end": "00:08:08", "text": "uh revolved around. This is also"}, {"start": "00:08:05", "end": "00:08:12", "text": "I would dare say lightly"}, {"start": "00:08:08", "end": "00:08:17", "text": "lightly connecting this news as as well."}, {"start": "00:08:12", "end": "00:08:17", "text": "Um so and I will present it this way."}, {"start": "00:08:17", "end": "00:08:24", "text": "As we hear that there might be gigantic"}, {"start": "00:08:21", "end": "00:08:25", "text": "cracks in the traditional financial"}, {"start": "00:08:24", "end": "00:08:28", "text": "system"}, {"start": "00:08:25", "end": "00:08:30", "text": "and inflation is continuing to rise and"}, {"start": "00:08:28", "end": "00:08:35", "text": "things might get worse,"}, {"start": "00:08:30", "end": "00:08:37", "text": "you as a company would normally not"}, {"start": "00:08:35", "end": "00:08:40", "text": "normally not"}, {"start": "00:08:37", "end": "00:08:43", "text": "put huge amounts of money into an asset"}, {"start": "00:08:40", "end": "00:08:46", "text": "that you assumed was going to fall"}, {"start": "00:08:43", "end": "00:08:49", "text": "dramatically in value"}, {"start": "00:08:46", "end": "00:08:51", "text": "dependent on what the Fed said."}, {"start": "00:08:49", "end": "00:08:54", "text": "So recently as well, if you haven't seen"}, {"start": "00:08:51", "end": "00:08:56", "text": "the last 10 videos, there's been a lot"}, {"start": "00:08:54", "end": "00:08:57", "text": "of Bitmain news. And I don't have"}, {"start": "00:08:56", "end": "00:08:59", "text": "everything in this video. I'll try and"}, {"start": "00:08:57", "end": "00:09:00", "text": "bring it to you maybe tomorrow as well."}, {"start": "00:08:59", "end": "00:09:01", "text": "There are other things I'm remembering"}, {"start": "00:09:00", "end": "00:09:04", "text": "now."}, {"start": "00:09:01", "end": "00:09:06", "text": "Uh there's been a lot of news as of late"}, {"start": "00:09:04", "end": "00:09:07", "text": "about this company's buying Bitcoin."}, {"start": "00:09:06", "end": "00:09:09", "text": "That company's buying either. That"}, {"start": "00:09:07", "end": "00:09:10", "text": "company's buying either. That company's"}, {"start": "00:09:09", "end": "00:09:12", "text": "buying either. That company's buying"}, {"start": "00:09:10", "end": "00:09:13", "text": "Bitcoin. And it's some companies who we"}, {"start": "00:09:12", "end": "00:09:17", "text": "haven't heard from in a while. There was"}, {"start": "00:09:13", "end": "00:09:21", "text": "just one called Strive. And I was like,"}, {"start": "00:09:17", "end": "00:09:24", "text": "what? They're They're purchasing"}, {"start": "00:09:21", "end": "00:09:30", "text": "tells me that they are in essence also"}, {"start": "00:09:24", "end": "00:09:32", "text": "pricing in a uh a lowered interest rate."}, {"start": "00:09:30", "end": "00:09:34", "text": "As we have seen"}, {"start": "00:09:32", "end": "00:09:36", "text": "for whatever reason that the"}, {"start": "00:09:34", "end": "00:09:40", "text": "cryptocurrency market is directly tied"}, {"start": "00:09:36", "end": "00:09:45", "text": "to stocks. If the Fed leaves interest"}, {"start": "00:09:40", "end": "00:09:47", "text": "rates as is, stocks are going to fall."}, {"start": "00:09:45", "end": "00:09:50", "text": "And crypto."}, {"start": "00:09:47", "end": "00:09:52", "text": "If the Fed raises interest rates, stocks"}, {"start": "00:09:50", "end": "00:09:54", "text": "are really going to fall, and so is"}, {"start": "00:09:52", "end": "00:09:58", "text": "crypto."}, {"start": "00:09:54", "end": "00:10:00", "text": "You wouldn't, as a company, if we have"}, {"start": "00:09:58", "end": "00:10:02", "text": "this information, they definitely have"}, {"start": "00:10:00", "end": "00:10:06", "text": "this information. A lot of companies"}, {"start": "00:10:02", "end": "00:10:08", "text": "seem to be pricing in right now the Fed"}, {"start": "00:10:06", "end": "00:10:10", "text": "decreasing interest rates."}, {"start": "00:10:08", "end": "00:10:12", "text": "That's why you buy crypto, because"}, {"start": "00:10:10", "end": "00:10:16", "text": "you're literally expecting the price to"}, {"start": "00:10:12", "end": "00:10:16", "text": "go up after you've purchased it."}, {"start": "00:10:16", "end": "00:10:22", "text": "The Ethereum buying company, okay, weird"}, {"start": "00:10:19", "end": "00:10:24", "text": "sentence, called Bitmain Immersion"}, {"start": "00:10:22", "end": "00:10:27", "text": "Technologies"}, {"start": "00:10:24", "end": "00:10:29", "text": "has made its biggest purchase so far in"}, {"start": "00:10:27", "end": "00:10:33", "text": "2026"}, {"start": "00:10:29", "end": "00:10:35", "text": "as its chairman, Tom Lee,"}, {"start": "00:10:33", "end": "00:10:38", "text": "has doubled down on the idea of an"}, {"start": "00:10:35", "end": "00:10:42", "text": "impending crypto super cycle. If you"}, {"start": "00:10:38", "end": "00:10:44", "text": "didn't see that, Tom Lee, Cathie Wood,"}, {"start": "00:10:42", "end": "00:10:46", "text": "um what's the guy from Blockstream? He"}, {"start": "00:10:44", "end": "00:10:47", "text": "was also in the news a couple of days"}, {"start": "00:10:46", "end": "00:10:51", "text": "ago."}, {"start": "00:10:47", "end": "00:10:54", "text": "The people from analysts from Fidelity"}, {"start": "00:10:51", "end": "00:10:58", "text": "and Bloomberg, and there was another"}, {"start": "00:10:54", "end": "00:10:59", "text": "company in the last 14 days in the"}, {"start": "00:10:58", "end": "00:11:01", "text": "videos,"}, {"start": "00:10:59", "end": "00:11:04", "text": "they've all announced"}, {"start": "00:11:01", "end": "00:11:07", "text": "it appears that 60,000 was as low as"}, {"start": "00:11:04", "end": "00:11:09", "text": "Bitcoin was going to go. It appears that"}, {"start": "00:11:07", "end": "00:11:12", "text": "we are in some kind of a cryptocurrency"}, {"start": "00:11:09", "end": "00:11:14", "text": "super cycle. It would appear that the"}, {"start": "00:11:12", "end": "00:11:17", "text": "cryptocurrency bear market is done. It"}, {"start": "00:11:14", "end": "00:11:21", "text": "would appear that the cryptocurrency"}, {"start": "00:11:17", "end": "00:11:24", "text": "winter is over. This has been the theme"}, {"start": "00:11:21", "end": "00:11:26", "text": "constantly."}, {"start": "00:11:24", "end": "00:11:28", "text": "And this is why it it sometimes and this"}, {"start": "00:11:26", "end": "00:11:30", "text": "is why and I'll"}, {"start": "00:11:28", "end": "00:11:31", "text": "Wow, I should not have drank that"}, {"start": "00:11:30", "end": "00:11:33", "text": "earlier."}, {"start": "00:11:31", "end": "00:11:35", "text": "This is crazy."}, {"start": "00:11:33", "end": "00:11:37", "text": "That's why I think it's interesting to"}, {"start": "00:11:35", "end": "00:11:39", "text": "go over daily news"}, {"start": "00:11:37", "end": "00:11:41", "text": "and especially when it's on screen so"}, {"start": "00:11:39", "end": "00:11:43", "text": "you can see it with me. That's not just"}, {"start": "00:11:41", "end": "00:11:46", "text": "me telling you something."}, {"start": "00:11:43", "end": "00:11:49", "text": "These people keep mentioning this over"}, {"start": "00:11:46", "end": "00:11:52", "text": "and over. And I think for me it's it's"}, {"start": "00:11:49", "end": "00:11:55", "text": "almost terrifying"}, {"start": "00:11:52", "end": "00:11:57", "text": "and also going to be a relief."}, {"start": "00:11:55", "end": "00:12:00", "text": "Because they I think the interest rate"}, {"start": "00:11:57", "end": "00:12:04", "text": "thing is the 15th and the 16th of of"}, {"start": "00:12:00", "end": "00:12:07", "text": "June or is it 16 and 17 of June?"}, {"start": "00:12:04", "end": "00:12:09", "text": "I can't wait. You don't understand. I'm"}, {"start": "00:12:07", "end": "00:12:11", "text": "going to be honest with you."}, {"start": "00:12:09", "end": "00:12:14", "text": "I cannot wait"}, {"start": "00:12:11", "end": "00:12:18", "text": "for the 18th of June."}, {"start": "00:12:14", "end": "00:12:20", "text": "I want to know what the answer is."}, {"start": "00:12:18", "end": "00:12:23", "text": "If the Fed is going to keep"}, {"start": "00:12:20", "end": "00:12:25", "text": "or raise interest rates,"}, {"start": "00:12:23", "end": "00:12:26", "text": "prices are going to fall across the"}, {"start": "00:12:25", "end": "00:12:28", "text": "board."}, {"start": "00:12:26", "end": "00:12:30", "text": "And this will give people more time to"}, {"start": "00:12:28", "end": "00:12:33", "text": "accumulate, but it'll also throw us"}, {"start": "00:12:30", "end": "00:12:36", "text": "right back into a 4-year cryptocurrency"}, {"start": "00:12:33", "end": "00:12:40", "text": "market cycle, which is totally fine."}, {"start": "00:12:36", "end": "00:12:42", "text": "It's what we've had all these years."}, {"start": "00:12:40", "end": "00:12:44", "text": "If they lower interest rates,"}, {"start": "00:12:42", "end": "00:12:46", "text": "we're going to a quarter of a million"}, {"start": "00:12:44", "end": "00:12:48", "text": "dollars per Bitcoin."}, {"start": "00:12:46", "end": "00:12:50", "text": "It's just like the unknown. That's the"}, {"start": "00:12:48", "end": "00:12:52", "text": "worst part. I'm in this market for the"}, {"start": "00:12:50", "end": "00:12:54", "text": "long term as I am with all other"}, {"start": "00:12:52", "end": "00:12:57", "text": "investments,"}, {"start": "00:12:54", "end": "00:12:59", "text": "but I have a much stronger idea of other"}, {"start": "00:12:57", "end": "00:13:00", "text": "things that I'm investing in and how"}, {"start": "00:12:59", "end": "00:13:02", "text": "they're going to do because you can just"}, {"start": "00:13:00", "end": "00:13:03", "text": "kind of look at the charts and you know"}, {"start": "00:13:02", "end": "00:13:05", "text": "many times when there's not a"}, {"start": "00:13:03", "end": "00:13:08", "text": "correlation between them"}, {"start": "00:13:05", "end": "00:13:09", "text": "and the S&P 500 or what the Fed says and"}, {"start": "00:13:08", "end": "00:13:12", "text": "yada yada. You know, the investments are"}, {"start": "00:13:09", "end": "00:13:14", "text": "what they are. Crypto's tied to all of"}, {"start": "00:13:12", "end": "00:13:18", "text": "these discussions."}, {"start": "00:13:14", "end": "00:13:20", "text": "These people keep saying crypto winter's"}, {"start": "00:13:18", "end": "00:13:22", "text": "over. We're in a super cycle. Bitcoin's"}, {"start": "00:13:20", "end": "00:13:24", "text": "going to go higher. It's been every"}, {"start": "00:13:22", "end": "00:13:27", "text": "single one of these people"}, {"start": "00:13:24", "end": "00:13:29", "text": "and now we're weeks"}, {"start": "00:13:27", "end": "00:13:31", "text": "away from seeing if they are going to be"}, {"start": "00:13:29", "end": "00:13:35", "text": "correct."}, {"start": "00:13:31", "end": "00:13:39", "text": "He also reiterated his theory of a super"}, {"start": "00:13:35", "end": "00:13:41", "text": "cycle ahead for crypto and ether"}, {"start": "00:13:39", "end": "00:13:42", "text": "driven by Wall Street's interest in"}, {"start": "00:13:41", "end": "00:13:45", "text": "tokenization"}, {"start": "00:13:42", "end": "00:13:47", "text": "and artificial intelligence powered"}, {"start": "00:13:45", "end": "00:13:50", "text": "agents. Some people keep throwing out"}, {"start": "00:13:47", "end": "00:13:52", "text": "the idea of AI agents out there and it"}, {"start": "00:13:50", "end": "00:13:55", "text": "doesn't seem to like stick on the wall"}, {"start": "00:13:52", "end": "00:13:57", "text": "as much as I think they want it to."}, {"start": "00:13:55", "end": "00:14:00", "text": "Tokenization and and stable coins I"}, {"start": "00:13:57", "end": "00:14:01", "text": "think I think the public has kind of uh"}, {"start": "00:14:00", "end": "00:14:03", "text": "made peace with."}, {"start": "00:14:01", "end": "00:14:05", "text": "People in crypto didn't like stable"}, {"start": "00:14:03", "end": "00:14:08", "text": "coins years ago, but the idea of these"}, {"start": "00:14:05", "end": "00:14:10", "text": "being on top of the main chains that we"}, {"start": "00:14:08", "end": "00:14:13", "text": "use and then potentially moving these"}, {"start": "00:14:10", "end": "00:14:16", "text": "coins up 10 15 20X in price from the"}, {"start": "00:14:13", "end": "00:14:19", "text": "stablecoin usage that's resonated with"}, {"start": "00:14:16", "end": "00:14:23", "text": "the market. The idea of tokenization,"}, {"start": "00:14:19", "end": "00:14:26", "text": "putting trillions"}, {"start": "00:14:23", "end": "00:14:29", "text": "of dollars worth of real-world assets"}, {"start": "00:14:26", "end": "00:14:33", "text": "onto Ethereum, onto XRP, onto Solana,"}, {"start": "00:14:29", "end": "00:14:35", "text": "onto Polygon has also resonated. It"}, {"start": "00:14:33", "end": "00:14:38", "text": "makes sense to a lot of people further"}, {"start": "00:14:35", "end": "00:14:40", "text": "digitizing stuff so that we can buy it"}, {"start": "00:14:38", "end": "00:14:44", "text": "on chain, the value resides on chain,"}, {"start": "00:14:40", "end": "00:14:47", "text": "etc. etc. What I'm seeing a lot of now"}, {"start": "00:14:44", "end": "00:14:49", "text": "is these companies or people announcing"}, {"start": "00:14:47", "end": "00:14:52", "text": "like the idea of like AI agents also"}, {"start": "00:14:49", "end": "00:14:54", "text": "being on these things. It's basically"}, {"start": "00:14:52", "end": "00:14:56", "text": "like, you know, um"}, {"start": "00:14:54", "end": "00:14:57", "text": "how you would have like a brokerage"}, {"start": "00:14:56", "end": "00:14:59", "text": "agent or you would have someone who"}, {"start": "00:14:57", "end": "00:15:01", "text": "would buy stocks for you, who would do"}, {"start": "00:14:59", "end": "00:15:04", "text": "things for you like, you know, \"Hey, I'm"}, {"start": "00:15:01", "end": "00:15:06", "text": "looking to buy 1,500 of this stock. I'm"}, {"start": "00:15:04", "end": "00:15:08", "text": "looking to invest in this sort of way.\""}, {"start": "00:15:06", "end": "00:15:12", "text": "The idea behind it would be is that you"}, {"start": "00:15:08", "end": "00:15:15", "text": "would simply have your own AI agent on"}, {"start": "00:15:12", "end": "00:15:18", "text": "an app or somewhere that you would be"}, {"start": "00:15:15", "end": "00:15:20", "text": "able to say, \"Do me a favor. Every time"}, {"start": "00:15:18", "end": "00:15:23", "text": "I make money from this, put it into"}, {"start": "00:15:20", "end": "00:15:25", "text": "that. Allocate my money into that. Put"}, {"start": "00:15:23", "end": "00:15:27", "text": "money into DeFi, but if if the risk"}, {"start": "00:15:25", "end": "00:15:28", "text": "becomes more than this, then take my"}, {"start": "00:15:27", "end": "00:15:30", "text": "money out, put it into that kind of"}, {"start": "00:15:28", "end": "00:15:32", "text": "thing. But, I think it's a little bit"}, {"start": "00:15:30", "end": "00:15:34", "text": "too abstract"}, {"start": "00:15:32", "end": "00:15:38", "text": "for people who are not in crypto or are"}, {"start": "00:15:34", "end": "00:15:40", "text": "into into the idea of AI, but you're"}, {"start": "00:15:38", "end": "00:15:41", "text": "going to start hearing more and more of"}, {"start": "00:15:40", "end": "00:15:44", "text": "this as well."}, {"start": "00:15:41", "end": "00:15:46", "text": "Uh but, I think tokenization and and and"}, {"start": "00:15:44", "end": "00:15:48", "text": "uh and stable coins are kind of the main"}, {"start": "00:15:46", "end": "00:15:51", "text": "driver"}, {"start": "00:15:48", "end": "00:15:53", "text": "for a lot of this discussion."}, {"start": "00:15:51", "end": "00:15:55", "text": "He said, \"We continue to expect a super"}, {"start": "00:15:53", "end": "00:15:58", "text": "cycle"}, {"start": "00:15:55", "end": "00:16:01", "text": "ahead for crypto and Ethereum"}, {"start": "00:15:58", "end": "00:16:02", "text": "driven by the dual drivers of Wall"}, {"start": "00:16:01", "end": "00:16:05", "text": "Street tokenization"}, {"start": "00:16:02", "end": "00:16:08", "text": "and agentic AI."}, {"start": "00:16:05", "end": "00:16:09", "text": "And thus, we continue to steadily"}, {"start": "00:16:08", "end": "00:16:13", "text": "acquire ETH"}, {"start": "00:16:09", "end": "00:16:17", "text": "with Bitmain now owning nearly 5.4"}, {"start": "00:16:13", "end": "00:16:18", "text": "million ETH tokens. Here's little I I"}, {"start": "00:16:17", "end": "00:16:21", "text": "guess this is a tweet. Yeah, this looks"}, {"start": "00:16:18", "end": "00:16:23", "text": "like a tweet. Right here."}, {"start": "00:16:21", "end": "00:16:26", "text": "Um this has been happening nearly every"}, {"start": "00:16:23", "end": "00:16:29", "text": "single week. If you haven't been here,"}, {"start": "00:16:26", "end": "00:16:31", "text": "Bitmain has been accumulating hundreds"}, {"start": "00:16:29", "end": "00:16:33", "text": "of thousands of ETH"}, {"start": "00:16:31", "end": "00:16:34", "text": "just about every single week. They"}, {"start": "00:16:33", "end": "00:16:37", "text": "announced that they were going to be"}, {"start": "00:16:34", "end": "00:16:38", "text": "slowing down their purchases."}, {"start": "00:16:37", "end": "00:16:41", "text": "I don't think they were doing it to be"}, {"start": "00:16:38", "end": "00:16:43", "text": "nice people. It just feels more like"}, {"start": "00:16:41", "end": "00:16:46", "text": "they were saying, \"Hey, we're near our"}, {"start": "00:16:43", "end": "00:16:48", "text": "goal of 5% of all ETH. We're going to"}, {"start": "00:16:46", "end": "00:16:50", "text": "slow down now because we're going to hit"}, {"start": "00:16:48", "end": "00:16:52", "text": "that number in a"}, {"start": "00:16:50", "end": "00:16:55", "text": "very short period"}, {"start": "00:16:52", "end": "00:16:58", "text": "of um of time. This This accumulation"}, {"start": "00:16:55", "end": "00:17:00", "text": "level isn't slowing down. It shows no"}, {"start": "00:16:58", "end": "00:17:05", "text": "signs of stopping. It's probably going"}, {"start": "00:17:00", "end": "00:17:08", "text": "to happen to MicroStrategy as well. And"}, {"start": "00:17:05", "end": "00:17:11", "text": "yeah, it it feels like everyone is kind"}, {"start": "00:17:08", "end": "00:17:16", "text": "of preparing"}, {"start": "00:17:11", "end": "00:17:17", "text": "for something at the exact um same time."}, {"start": "00:17:16", "end": "00:17:22", "text": "This also"}, {"start": "00:17:17", "end": "00:17:24", "text": "ties uh quite closely into this news,"}, {"start": "00:17:22", "end": "00:17:24", "text": "too."}, {"start": "00:17:25", "end": "00:17:29", "text": "There we go. Charles Hoskinson is back"}, {"start": "00:17:28", "end": "00:17:33", "text": "in the news."}, {"start": "00:17:29", "end": "00:17:36", "text": "He's been in the news maybe every"}, {"start": "00:17:33", "end": "00:17:37", "text": "three or four days now."}, {"start": "00:17:36", "end": "00:17:41", "text": "Um"}, {"start": "00:17:37", "end": "00:17:45", "text": "we are witnessing in real time"}, {"start": "00:17:41", "end": "00:17:47", "text": "which coins are going to be chosen"}, {"start": "00:17:45", "end": "00:17:52", "text": "by the choosers."}, {"start": "00:17:47", "end": "00:17:54", "text": "So, if you ran a project and you keep"}, {"start": "00:17:52", "end": "00:17:57", "text": "hearing that the other coins are being"}, {"start": "00:17:54", "end": "00:17:59", "text": "chosen, what do you do? You start making"}, {"start": "00:17:57", "end": "00:18:02", "text": "announcements about how good your chain"}, {"start": "00:17:59", "end": "00:18:05", "text": "is, how you want to integrate with other"}, {"start": "00:18:02", "end": "00:18:08", "text": "chains. If you didn't see 2 weeks ago,"}, {"start": "00:18:05", "end": "00:18:12", "text": "the Cardano ecosystem"}, {"start": "00:18:08", "end": "00:18:13", "text": "reiterated their intent to"}, {"start": "00:18:12", "end": "00:18:17", "text": "um"}, {"start": "00:18:13", "end": "00:18:21", "text": "collaborate with and integrate with"}, {"start": "00:18:17", "end": "00:18:22", "text": "the XRP ecosystem and also that of"}, {"start": "00:18:21", "end": "00:18:26", "text": "Bitcoin."}, {"start": "00:18:22", "end": "00:18:29", "text": "And I once again say, it's not that"}, {"start": "00:18:26", "end": "00:18:30", "text": "Cardano doesn't work."}, {"start": "00:18:29", "end": "00:18:35", "text": "It's that that"}, {"start": "00:18:30", "end": "00:18:38", "text": "thus far we have not heard"}, {"start": "00:18:35", "end": "00:18:40", "text": "of any"}, {"start": "00:18:38", "end": "00:18:42", "text": "entities who are going to be using"}, {"start": "00:18:40", "end": "00:18:44", "text": "Cardano"}, {"start": "00:18:42", "end": "00:18:45", "text": "thus far."}, {"start": "00:18:44", "end": "00:18:48", "text": "So,"}, {"start": "00:18:45", "end": "00:18:51", "text": "if these companies are expecting these"}, {"start": "00:18:48", "end": "00:18:54", "text": "chains to go up to trillions of dollars"}, {"start": "00:18:51", "end": "00:18:59", "text": "in market cap, you obviously want yours"}, {"start": "00:18:54", "end": "00:19:01", "text": "there as well. And I told you years ago"}, {"start": "00:18:59", "end": "00:19:04", "text": "the kind of news that used to make"}, {"start": "00:19:01", "end": "00:19:08", "text": "really popular headlines"}, {"start": "00:19:04", "end": "00:19:10", "text": "always revolved This is This is Guys,"}, {"start": "00:19:08", "end": "00:19:13", "text": "we're back in 2018."}, {"start": "00:19:10", "end": "00:19:16", "text": "This news always revolved around"}, {"start": "00:19:13", "end": "00:19:19", "text": "we're going to upgrade our chain."}, {"start": "00:19:16", "end": "00:19:22", "text": "We're going to have mega updates on"}, {"start": "00:19:19", "end": "00:19:24", "text": "chain. Our chain's going to be capable"}, {"start": "00:19:22", "end": "00:19:27", "text": "of doing this."}, {"start": "00:19:24", "end": "00:19:31", "text": "And at the core of all of that is the"}, {"start": "00:19:27", "end": "00:19:33", "text": "road map. Road maps aren't as popular as"}, {"start": "00:19:31", "end": "00:19:35", "text": "they used to be."}, {"start": "00:19:33", "end": "00:19:37", "text": "It was kind of the thing that everyone"}, {"start": "00:19:35", "end": "00:19:40", "text": "used to look forward to to figure out"}, {"start": "00:19:37", "end": "00:19:42", "text": "what the heck was going on in the space."}, {"start": "00:19:40", "end": "00:19:45", "text": "In the old days, we knew that every"}, {"start": "00:19:42", "end": "00:19:47", "text": "chain could send value back and forth"}, {"start": "00:19:45", "end": "00:19:49", "text": "based in US dollars. That was as far as"}, {"start": "00:19:47", "end": "00:19:52", "text": "we got. That was what the whole"}, {"start": "00:19:49", "end": "00:19:54", "text": "narrative was. Bitcoin's digital gold."}, {"start": "00:19:52", "end": "00:19:56", "text": "It's valued in US dollars. And"}, {"start": "00:19:54", "end": "00:19:58", "text": "eventually, it'll be worth a million"}, {"start": "00:19:56", "end": "00:19:59", "text": "dollars per coin."}, {"start": "00:19:58", "end": "00:20:02", "text": "Then people figured out they could"}, {"start": "00:19:59", "end": "00:20:04", "text": "launch their own coins on top of chains."}, {"start": "00:20:02", "end": "00:20:06", "text": "They could launch their businesses on"}, {"start": "00:20:04", "end": "00:20:09", "text": "top of chains. They could start staking"}, {"start": "00:20:06", "end": "00:20:11", "text": "their own coins on their chain. They"}, {"start": "00:20:09", "end": "00:20:14", "text": "could start doing this with that and"}, {"start": "00:20:11", "end": "00:20:18", "text": "then tokenization and then stable coins."}, {"start": "00:20:14", "end": "00:20:21", "text": "You understand. So, as I said years ago,"}, {"start": "00:20:18", "end": "00:20:22", "text": "um all these chains do the exact same"}, {"start": "00:20:21", "end": "00:20:24", "text": "thing."}, {"start": "00:20:22", "end": "00:20:27", "text": "And I hope you're having a wonderful"}, {"start": "00:20:24", "end": "00:20:29", "text": "day, person who told me I had no idea"}, {"start": "00:20:27", "end": "00:20:31", "text": "what I was talking about because they're"}, {"start": "00:20:29", "end": "00:20:33", "text": "all the same technology"}, {"start": "00:20:31", "end": "00:20:38", "text": "just with a different name."}, {"start": "00:20:33", "end": "00:20:42", "text": "So, uh Charles Hoskinson is back"}, {"start": "00:20:38", "end": "00:20:45", "text": "to discuss exactly what I just told you."}, {"start": "00:20:42", "end": "00:20:51", "text": "Cardano founder Charles Hoskinson"}, {"start": "00:20:45", "end": "00:20:53", "text": "has stepped in to ease growing concerns"}, {"start": "00:20:51", "end": "00:20:56", "text": "across the ecosystem by delivering a"}, {"start": "00:20:53", "end": "00:20:58", "text": "reflective and emotional message to D"}, {"start": "00:20:56", "end": "00:21:00", "text": "reps"}, {"start": "00:20:58", "end": "00:21:02", "text": "and to ADA holders."}, {"start": "00:21:00", "end": "00:21:04", "text": "As you might have imagined, people"}, {"start": "00:21:02", "end": "00:21:07", "text": "aren't"}, {"start": "00:21:04", "end": "00:21:10", "text": "too thrilled with the fact that Cardano"}, {"start": "00:21:07", "end": "00:21:12", "text": "hasn't been involved in any of these"}, {"start": "00:21:10", "end": "00:21:15", "text": "conversations."}, {"start": "00:21:12", "end": "00:21:18", "text": "We have heard Remember? Listen, this is"}, {"start": "00:21:15", "end": "00:21:22", "text": "how and it it's not it's not something"}, {"start": "00:21:18", "end": "00:21:23", "text": "difficult. It is quite simple as well."}, {"start": "00:21:22", "end": "00:21:26", "text": "You've heard the phrase follow the"}, {"start": "00:21:23", "end": "00:21:29", "text": "money."}, {"start": "00:21:26", "end": "00:21:32", "text": "If every single company keeps saying we"}, {"start": "00:21:29", "end": "00:21:34", "text": "are accumulating Bitcoin"}, {"start": "00:21:32", "end": "00:21:35", "text": "and they've been saying it every 24"}, {"start": "00:21:34", "end": "00:21:39", "text": "hours"}, {"start": "00:21:35", "end": "00:21:43", "text": "for 24 months, it has to mean something."}, {"start": "00:21:39", "end": "00:21:48", "text": "If multiple companies are saying we have"}, {"start": "00:21:43", "end": "00:21:50", "text": "one out of every three ether staked."}, {"start": "00:21:48", "end": "00:21:53", "text": "We're trying to accumulate as much ether"}, {"start": "00:21:50", "end": "00:21:56", "text": "as humanly possible."}, {"start": "00:21:53", "end": "00:21:59", "text": "All these banks and JP Morgan and"}, {"start": "00:21:56", "end": "00:22:02", "text": "Microsoft and Visa are all using"}, {"start": "00:21:59", "end": "00:22:04", "text": "Ethereum and polygon."}, {"start": "00:22:02", "end": "00:22:08", "text": "And they've been saying it for 24 months"}, {"start": "00:22:04", "end": "00:22:10", "text": "plus. It has to mean something. If we've"}, {"start": "00:22:08", "end": "00:22:11", "text": "been hearing that Ripple's working with"}, {"start": "00:22:10", "end": "00:22:14", "text": "people in the White House, they're"}, {"start": "00:22:11", "end": "00:22:16", "text": "working with people on the Clarity Act,"}, {"start": "00:22:14", "end": "00:22:18", "text": "they're working so they say and we've"}, {"start": "00:22:16", "end": "00:22:20", "text": "heard with hundreds of companies with"}, {"start": "00:22:18", "end": "00:22:22", "text": "which they have non-disclosure"}, {"start": "00:22:20", "end": "00:22:24", "text": "agreements and Ripple's doing this and"}, {"start": "00:22:22", "end": "00:22:27", "text": "Ripple's in the news about that and"}, {"start": "00:22:24", "end": "00:22:29", "text": "that's happening. It means something."}, {"start": "00:22:27", "end": "00:22:32", "text": "We've been hearing as of late. This is"}, {"start": "00:22:29", "end": "00:22:35", "text": "very simple, guys."}, {"start": "00:22:32", "end": "00:22:38", "text": "We've been hearing the words Solana and"}, {"start": "00:22:35", "end": "00:22:42", "text": "polygon and polygon and Solana and"}, {"start": "00:22:38", "end": "00:22:45", "text": "Solana and Solana and polygon. A couple"}, {"start": "00:22:42", "end": "00:22:47", "text": "of days ago we heard Avalanche. We heard"}, {"start": "00:22:45", "end": "00:22:49", "text": "Hedera."}, {"start": "00:22:47", "end": "00:22:51", "text": "And there was one other random chain. I"}, {"start": "00:22:49", "end": "00:22:53", "text": "think it was a corporation chain that"}, {"start": "00:22:51", "end": "00:22:57", "text": "was also mentioned."}, {"start": "00:22:53", "end": "00:23:02", "text": "These people are announcing out loud"}, {"start": "00:22:57", "end": "00:23:02", "text": "which coins they're going to use."}, {"start": "00:23:02", "end": "00:23:08", "text": "As of this point,"}, {"start": "00:23:05", "end": "00:23:13", "text": "as of someone who goes over and reads"}, {"start": "00:23:08", "end": "00:23:19", "text": "through cryptocurrency news every 24"}, {"start": "00:23:13", "end": "00:23:23", "text": "hours, we have not yet heard anything"}, {"start": "00:23:19", "end": "00:23:26", "text": "revolving around Cardano or ADA."}, {"start": "00:23:23", "end": "00:23:26", "text": "Nothing."}, {"start": "00:23:27", "end": "00:23:32", "text": "That's part of the growing concern. I"}, {"start": "00:23:29", "end": "00:23:36", "text": "said it in multiple videos. Cardano"}, {"start": "00:23:32", "end": "00:23:39", "text": "works. Cardano is a chain that actively"}, {"start": "00:23:36", "end": "00:23:42", "text": "functions. It doesn't have downtime."}, {"start": "00:23:39", "end": "00:23:44", "text": "It's not prone to, as far as we know,"}, {"start": "00:23:42", "end": "00:23:46", "text": "uh denial-of-service attacks. Like you"}, {"start": "00:23:44", "end": "00:23:50", "text": "can't just spam the network and slow it"}, {"start": "00:23:46", "end": "00:23:53", "text": "down. The DeFi ecosystem works, but for"}, {"start": "00:23:50", "end": "00:23:55", "text": "whatever reason, these companies have"}, {"start": "00:23:53", "end": "00:24:00", "text": "not announced"}, {"start": "00:23:55", "end": "00:24:02", "text": "that they're going to be using ADA."}, {"start": "00:24:00", "end": "00:24:06", "text": "Charles Hoskinson acknowledged"}, {"start": "00:24:02", "end": "00:24:09", "text": "that many ADA holders feel exhausted"}, {"start": "00:24:06", "end": "00:24:13", "text": "after enduring repeated setbacks and"}, {"start": "00:24:09", "end": "00:24:15", "text": "limited ecosystem victories."}, {"start": "00:24:13", "end": "00:24:19", "text": "He argued that Cardano's market value"}, {"start": "00:24:15", "end": "00:24:21", "text": "must extend beyond ADA's performance"}, {"start": "00:24:19", "end": "00:24:24", "text": "to make the world a better place. If you"}, {"start": "00:24:21", "end": "00:24:27", "text": "don't understand that, uh everyone"}, {"start": "00:24:24", "end": "00:24:29", "text": "obviously focuses very heavily on price"}, {"start": "00:24:27", "end": "00:24:31", "text": "per coin."}, {"start": "00:24:29", "end": "00:24:33", "text": "And this is why I think we're beginning"}, {"start": "00:24:31", "end": "00:24:36", "text": "to see"}, {"start": "00:24:33", "end": "00:24:40", "text": "a light narrative shift in what we are"}, {"start": "00:24:36", "end": "00:24:42", "text": "wink supposed to be looking at."}, {"start": "00:24:40", "end": "00:24:45", "text": "So, there's now this idea of what the"}, {"start": "00:24:42", "end": "00:24:47", "text": "entire ecosystem does as opposed to just"}, {"start": "00:24:45", "end": "00:24:50", "text": "what the coin does."}, {"start": "00:24:47", "end": "00:24:53", "text": "So, Bitcoin's price can be ABCD on any"}, {"start": "00:24:50", "end": "00:24:56", "text": "given day. But people are now trying to"}, {"start": "00:24:53", "end": "00:24:58", "text": "say that Bitcoin gets its entire value"}, {"start": "00:24:56", "end": "00:25:01", "text": "from how many uh"}, {"start": "00:24:58", "end": "00:25:03", "text": "not only the movement on chain, but how"}, {"start": "00:25:01", "end": "00:25:06", "text": "many new wallets per day."}, {"start": "00:25:03", "end": "00:25:08", "text": "How much D 5 is moving through it?"}, {"start": "00:25:06", "end": "00:25:11", "text": "How many real world assets are actually"}, {"start": "00:25:08", "end": "00:25:15", "text": "on top of this chain? That's the"}, {"start": "00:25:11", "end": "00:25:17", "text": "significance of having $60"}, {"start": "00:25:15", "end": "00:25:19", "text": "billion and then potentially 5 to 10"}, {"start": "00:25:17", "end": "00:25:23", "text": "trillion dollars of real world assets on"}, {"start": "00:25:19", "end": "00:25:27", "text": "chain by the year 2030."}, {"start": "00:25:23", "end": "00:25:29", "text": "Uh-huh. Uh the Cardano founder suggests"}, {"start": "00:25:27", "end": "00:25:31", "text": "he could become a delegated"}, {"start": "00:25:29", "end": "00:25:34", "text": "representative."}, {"start": "00:25:31", "end": "00:25:37", "text": "He proposed a new multi-year road map to"}, {"start": "00:25:34", "end": "00:25:40", "text": "create a new path for"}, {"start": "00:25:37", "end": "00:25:42", "text": "Cardano. Remember when I said this feels"}, {"start": "00:25:40", "end": "00:25:45", "text": "like 2018?"}, {"start": "00:25:42", "end": "00:25:48", "text": "Do you know what Cardano and Tron and"}, {"start": "00:25:45", "end": "00:25:51", "text": "many other coins had in 2018?"}, {"start": "00:25:48", "end": "00:25:53", "text": "They had a road map. It was a multi-year"}, {"start": "00:25:51", "end": "00:25:56", "text": "road map discussing what they were going"}, {"start": "00:25:53", "end": "00:25:58", "text": "to do, how they were going to do it,"}, {"start": "00:25:56", "end": "00:26:02", "text": "what was going to be implemented, and"}, {"start": "00:25:58", "end": "00:26:06", "text": "their potential future usage."}, {"start": "00:26:02", "end": "00:26:10", "text": "The issue at the end of it ends up being"}, {"start": "00:26:06", "end": "00:26:13", "text": "Cardano did all those things."}, {"start": "00:26:10", "end": "00:26:16", "text": "In 2018, they told us they would have"}, {"start": "00:26:13", "end": "00:26:19", "text": "decentralized this, you would possibly"}, {"start": "00:26:16", "end": "00:26:21", "text": "be able to build coins and companies,"}, {"start": "00:26:19", "end": "00:26:23", "text": "and then D 5, and then all these other"}, {"start": "00:26:21", "end": "00:26:26", "text": "things. They all happened. Uh they they"}, {"start": "00:26:23", "end": "00:26:28", "text": "took a while cuz Cardano"}, {"start": "00:26:26", "end": "00:26:31", "text": "uh became famous."}, {"start": "00:26:28", "end": "00:26:34", "text": "Famous for announcing"}, {"start": "00:26:31", "end": "00:26:35", "text": "we have an upgrade to the blockchain"}, {"start": "00:26:34", "end": "00:26:39", "text": "happening"}, {"start": "00:26:35", "end": "00:26:41", "text": "April 2018."}, {"start": "00:26:39", "end": "00:26:44", "text": "April 2018 would roll around, and they"}, {"start": "00:26:41", "end": "00:26:47", "text": "would say, \"Oh, sorry. We We spelled"}, {"start": "00:26:44", "end": "00:26:48", "text": "April wrong. We We meant September.\""}, {"start": "00:26:47", "end": "00:26:50", "text": "Like they used to have conferences. Do"}, {"start": "00:26:48", "end": "00:26:51", "text": "you remember like the big Cardano"}, {"start": "00:26:50", "end": "00:26:54", "text": "conferences?"}, {"start": "00:26:51", "end": "00:26:56", "text": "Cardano conferences, September would"}, {"start": "00:26:54", "end": "00:26:58", "text": "roll around and they'd go to the"}, {"start": "00:26:56", "end": "00:27:01", "text": "conference and people would watch it"}, {"start": "00:26:58", "end": "00:27:03", "text": "live online and they would make no"}, {"start": "00:27:01", "end": "00:27:06", "text": "mention of the upgrade."}, {"start": "00:27:03", "end": "00:27:09", "text": "Around September-October,"}, {"start": "00:27:06", "end": "00:27:12", "text": "Ethereum would announce that they had an"}, {"start": "00:27:09", "end": "00:27:15", "text": "upgrade that was going to happen."}, {"start": "00:27:12", "end": "00:27:18", "text": "That was going to launch in December."}, {"start": "00:27:15", "end": "00:27:19", "text": "The upgrade would launch in December"}, {"start": "00:27:18", "end": "00:27:21", "text": "and then wouldn't you know it, Cardano"}, {"start": "00:27:19", "end": "00:27:24", "text": "would also release their upgrade the"}, {"start": "00:27:21", "end": "00:27:27", "text": "exact same week."}, {"start": "00:27:24", "end": "00:27:31", "text": "So, the idea of a new roadmap is kind of"}, {"start": "00:27:27", "end": "00:27:33", "text": "trying to like reignite"}, {"start": "00:27:31", "end": "00:27:36", "text": "what they previously had before with the"}, {"start": "00:27:33", "end": "00:27:38", "text": "public. This generated a lot of hype"}, {"start": "00:27:36", "end": "00:27:41", "text": "around Cardano because if you're"}, {"start": "00:27:38", "end": "00:27:44", "text": "constantly expecting something mega and"}, {"start": "00:27:41", "end": "00:27:46", "text": "new and awesome to happen,"}, {"start": "00:27:44", "end": "00:27:49", "text": "the price usually"}, {"start": "00:27:46", "end": "00:27:53", "text": "goes up. But, the issue that we have now"}, {"start": "00:27:49", "end": "00:27:55", "text": "is we're not in 2018."}, {"start": "00:27:53", "end": "00:27:57", "text": "We're not in 2019."}, {"start": "00:27:55", "end": "00:28:00", "text": "We're not 2020."}, {"start": "00:27:57", "end": "00:28:03", "text": "We're not waiting for the money to enter"}, {"start": "00:28:00", "end": "00:28:07", "text": "the space. The money is now here."}, {"start": "00:28:03", "end": "00:28:08", "text": "And we know which coins that people are"}, {"start": "00:28:07", "end": "00:28:11", "text": "using."}, {"start": "00:28:08", "end": "00:28:14", "text": "And once again, Cardano has not been"}, {"start": "00:28:11", "end": "00:28:17", "text": "part of that discussion."}, {"start": "00:28:14", "end": "00:28:21", "text": "It says, \"Hoskinson acknowledged growing"}, {"start": "00:28:17", "end": "00:28:24", "text": "frustration with ADA's price."}, {"start": "00:28:21", "end": "00:28:27", "text": "Cardano needs a fresh roadmap and recent"}, {"start": "00:28:24", "end": "00:28:29", "text": "tensions across the Cardano ecosystem.\""}, {"start": "00:28:27", "end": "00:28:32", "text": "The commentary follows recent governance"}, {"start": "00:28:29", "end": "00:28:35", "text": "disputes within the ecosystem."}, {"start": "00:28:32", "end": "00:28:38", "text": "Several D-reps opposed key proposal"}, {"start": "00:28:35", "end": "00:28:40", "text": "submitted by Input Output Global,"}, {"start": "00:28:38", "end": "00:28:43", "text": "particularly its research-focused"}, {"start": "00:28:40", "end": "00:28:45", "text": "funding proposal."}, {"start": "00:28:43", "end": "00:28:47", "text": "While critics argued that the treasury"}, {"start": "00:28:45", "end": "00:28:49", "text": "funds should support other critical"}, {"start": "00:28:47", "end": "00:28:52", "text": "ecosystem prior priorities."}, {"start": "00:28:49", "end": "00:28:54", "text": "Hoskinson warned"}, {"start": "00:28:52", "end": "00:28:57", "text": "that rejecting the proposal could weaken"}, {"start": "00:28:54", "end": "00:28:59", "text": "Cardano's identity as a science-driven"}, {"start": "00:28:57", "end": "00:29:02", "text": "blockchain. Uh"}, {"start": "00:28:59", "end": "00:29:03", "text": "that was also"}, {"start": "00:29:02", "end": "00:29:05", "text": "So, you know how like Bitcoin's digital"}, {"start": "00:29:03", "end": "00:29:08", "text": "gold?"}, {"start": "00:29:05", "end": "00:29:11", "text": "And Ethereum is like the DeFi ecosystem"}, {"start": "00:29:08", "end": "00:29:12", "text": "of the future. And XRP is meant to work"}, {"start": "00:29:11", "end": "00:29:15", "text": "with governments and like, you know,"}, {"start": "00:29:12", "end": "00:29:19", "text": "like every coin has a narrative."}, {"start": "00:29:15", "end": "00:29:21", "text": "Cardano's was that Cardano is backed by"}, {"start": "00:29:19", "end": "00:29:23", "text": "science and mathematics."}, {"start": "00:29:21", "end": "00:29:25", "text": "Which all the other chains are backed by"}, {"start": "00:29:23", "end": "00:29:28", "text": "mathematics. That's how you do the"}, {"start": "00:29:25", "end": "00:29:32", "text": "cryptography. But that was Cardano's"}, {"start": "00:29:28", "end": "00:29:34", "text": "thing. So, once again, this isn't 2018."}, {"start": "00:29:32", "end": "00:29:37", "text": "And last thought, I I I said this just"}, {"start": "00:29:34", "end": "00:29:39", "text": "to kind of reiterate it."}, {"start": "00:29:37", "end": "00:29:41", "text": "I don't know if these people know who"}, {"start": "00:29:39", "end": "00:29:43", "text": "they are"}, {"start": "00:29:41", "end": "00:29:45", "text": "in the context of"}, {"start": "00:29:43", "end": "00:29:48", "text": "Cardano's not some random chain."}, {"start": "00:29:45", "end": "00:29:51", "text": "Cardano's not a blockchain, you know,"}, {"start": "00:29:48", "end": "00:29:53", "text": "that's number 183 on the list. It's"}, {"start": "00:29:51", "end": "00:29:56", "text": "Cardano. It's one of the most known"}, {"start": "00:29:53", "end": "00:30:00", "text": "chains out there. I think much like what"}, {"start": "00:29:56", "end": "00:30:03", "text": "Ripple did years ago by targeting uh"}, {"start": "00:30:00", "end": "00:30:06", "text": "Latin America and Africa and Southeast"}, {"start": "00:30:03", "end": "00:30:08", "text": "Asia. And also the the the the the"}, {"start": "00:30:06", "end": "00:30:11", "text": "Middle East"}, {"start": "00:30:08", "end": "00:30:14", "text": "uh with their products and then becoming"}, {"start": "00:30:11", "end": "00:30:17", "text": "successful in doing it that way. Cardano"}, {"start": "00:30:14", "end": "00:30:20", "text": "needs a brand new identity. And it's not"}, {"start": "00:30:17", "end": "00:30:22", "text": "that it's it's driven by science."}, {"start": "00:30:20", "end": "00:30:25", "text": "The people from Cardano, I don't know if"}, {"start": "00:30:22", "end": "00:30:26", "text": "they do this. We we we get to know news"}, {"start": "00:30:25", "end": "00:30:29", "text": "about it, so I can only assume that this"}, {"start": "00:30:26", "end": "00:30:32", "text": "is not happening."}, {"start": "00:30:29", "end": "00:30:34", "text": "If the people from Cardano also like"}, {"start": "00:30:32", "end": "00:30:37", "text": "spoke to people in the Middle East"}, {"start": "00:30:34", "end": "00:30:39", "text": "or went to African countries or places"}, {"start": "00:30:37", "end": "00:30:41", "text": "in Latin America. Did you see We were"}, {"start": "00:30:39", "end": "00:30:45", "text": "talking about this weeks ago."}, {"start": "00:30:41", "end": "00:30:47", "text": "In Latin America, there's a huge push"}, {"start": "00:30:45", "end": "00:30:50", "text": "right now because of like 30, 40, 50,"}, {"start": "00:30:47", "end": "00:30:52", "text": "60% in inflation levels."}, {"start": "00:30:50", "end": "00:30:55", "text": "People in Latin America are now using"}, {"start": "00:30:52", "end": "00:30:57", "text": "Tether as their main currency because"}, {"start": "00:30:55", "end": "00:30:59", "text": "they need something stable."}, {"start": "00:30:57", "end": "00:31:01", "text": "But they're also um"}, {"start": "00:30:59", "end": "00:31:04", "text": "investing"}, {"start": "00:31:01", "end": "00:31:06", "text": "in Bitcoin like as their like retirement"}, {"start": "00:31:04", "end": "00:31:07", "text": "fund cuz they they you know, they want"}, {"start": "00:31:06", "end": "00:31:09", "text": "something digital to be able to invest"}, {"start": "00:31:07", "end": "00:31:12", "text": "in."}, {"start": "00:31:09", "end": "00:31:14", "text": "If you as the people from Cardano went"}, {"start": "00:31:12", "end": "00:31:16", "text": "to Latin America and spoke to these"}, {"start": "00:31:14", "end": "00:31:18", "text": "people and said, \"Hey,"}, {"start": "00:31:16", "end": "00:31:21", "text": "we can help you make all of this like"}, {"start": "00:31:18", "end": "00:31:22", "text": "regulated and legal. You can run all of"}, {"start": "00:31:21", "end": "00:31:25", "text": "this, you know, all these things"}, {"start": "00:31:22", "end": "00:31:28", "text": "happening, you can run on our chain. It"}, {"start": "00:31:25", "end": "00:31:30", "text": "would change the outlook for Cardano.\""}, {"start": "00:31:28", "end": "00:31:33", "text": "Do you remember in 20 for those of you"}, {"start": "00:31:30", "end": "00:31:37", "text": "who weren't here, in 2018, 2019, and"}, {"start": "00:31:33", "end": "00:31:41", "text": "further ahead, um XRP was in was and is,"}, {"start": "00:31:37", "end": "00:31:44", "text": "but back then insanely popular in South"}, {"start": "00:31:41", "end": "00:31:46", "text": "Korea and in Japan. If you looked at"}, {"start": "00:31:44", "end": "00:31:50", "text": "like crypto like the If you looked at"}, {"start": "00:31:46", "end": "00:31:52", "text": "ads around Tokyo and around Seoul, you"}, {"start": "00:31:50", "end": "00:31:54", "text": "would see these large gigantic, like"}, {"start": "00:31:52", "end": "00:31:55", "text": "they were golden posters if you don't"}, {"start": "00:31:54", "end": "00:31:56", "text": "remember what they looked like. And"}, {"start": "00:31:55", "end": "00:31:59", "text": "there was one it was like it was always"}, {"start": "00:31:56", "end": "00:32:00", "text": "this woman who was like who's uh"}, {"start": "00:31:59", "end": "00:32:01", "text": "she was she had she had she had her hand"}, {"start": "00:32:00", "end": "00:32:03", "text": "on her head and she was kind of like"}, {"start": "00:32:01", "end": "00:32:05", "text": "looking to the side."}, {"start": "00:32:03", "end": "00:32:07", "text": "And these gigantic posters would say"}, {"start": "00:32:05", "end": "00:32:10", "text": "like Bitcoin and XRP on them. Like"}, {"start": "00:32:07", "end": "00:32:13", "text": "that's how you make yourself known."}, {"start": "00:32:10", "end": "00:32:15", "text": "We've had no news"}, {"start": "00:32:13", "end": "00:32:17", "text": "about the people from Cardano"}, {"start": "00:32:15", "end": "00:32:20", "text": "trying to work with the Japan or South"}, {"start": "00:32:17", "end": "00:32:22", "text": "Korea on cryptocurrency regulations. It"}, {"start": "00:32:20", "end": "00:32:24", "text": "It feels like"}, {"start": "00:32:22", "end": "00:32:27", "text": "they're in their own weird ecosystem"}, {"start": "00:32:24", "end": "00:32:29", "text": "that no longer applies."}, {"start": "00:32:27", "end": "00:32:31", "text": "Like imagine"}, {"start": "00:32:29", "end": "00:32:32", "text": "all the talk that we're having now about"}, {"start": "00:32:31", "end": "00:32:35", "text": "AI"}, {"start": "00:32:32", "end": "00:32:37", "text": "and automation and robotics."}, {"start": "00:32:35", "end": "00:32:39", "text": "Imagine someone"}, {"start": "00:32:37", "end": "00:32:41", "text": "going on to like a business news channel"}, {"start": "00:32:39", "end": "00:32:42", "text": "and being like,"}, {"start": "00:32:41", "end": "00:32:44", "text": "\"We just invented this thing called the"}, {"start": "00:32:42", "end": "00:32:47", "text": "television and it is going to blow your"}, {"start": "00:32:44", "end": "00:32:49", "text": "mind. If you you know, we have a remote"}, {"start": "00:32:47", "end": "00:32:52", "text": "and this remote can turn the TV.\" You"}, {"start": "00:32:49", "end": "00:32:53", "text": "would look at them like,"}, {"start": "00:32:52", "end": "00:32:54", "text": "\"We all have TVs.\" And they go, \"No, you"}, {"start": "00:32:53", "end": "00:32:58", "text": "don't. Oh, no, no, no. You don't have a"}, {"start": "00:32:54", "end": "00:33:01", "text": "TV like this. This is driven by color.\""}, {"start": "00:32:58", "end": "00:33:03", "text": "I I I feel like a lot of"}, {"start": "00:33:01", "end": "00:33:06", "text": "what Cardano has done has focused on"}, {"start": "00:33:03", "end": "00:33:10", "text": "this like old-timey"}, {"start": "00:33:06", "end": "00:33:10", "text": "idea of what crypto was."}, {"start": "00:33:10", "end": "00:33:14", "text": "A lot of times we used to have really"}, {"start": "00:33:13", "end": "00:33:16", "text": "like"}, {"start": "00:33:14", "end": "00:33:17", "text": "intense discussions from these"}, {"start": "00:33:16", "end": "00:33:20", "text": "companies."}, {"start": "00:33:17", "end": "00:33:22", "text": "\"We're we're we're going to do what we"}, {"start": "00:33:20", "end": "00:33:24", "text": "can to work with, you know, countries in"}, {"start": "00:33:22", "end": "00:33:27", "text": "Africa. We're seeing in the Middle East"}, {"start": "00:33:24", "end": "00:33:30", "text": "they're trying to get uh crypto"}, {"start": "00:33:27", "end": "00:33:33", "text": "regulations down and we see photos of um"}, {"start": "00:33:30", "end": "00:33:36", "text": "people from Blockstream, people from the"}, {"start": "00:33:33", "end": "00:33:37", "text": "the the Ethereum Foundation, the people"}, {"start": "00:33:36", "end": "00:33:38", "text": "from Ripple shaking these people's"}, {"start": "00:33:37", "end": "00:33:42", "text": "hands. We just opened an office in"}, {"start": "00:33:38", "end": "00:33:46", "text": "Dubai. We just opened an office here.\""}, {"start": "00:33:42", "end": "00:33:49", "text": "So, Cardano works, but its identity no"}, {"start": "00:33:46", "end": "00:33:53", "text": "one cares about a science-driven"}, {"start": "00:33:49", "end": "00:33:56", "text": "blockchain. No one cares."}, {"start": "00:33:53", "end": "00:34:01", "text": "I think they need to really work on"}, {"start": "00:33:56", "end": "00:34:01", "text": "their image as like a"}, {"start": "00:34:01", "end": "00:34:07", "text": "kind of like a a spider web"}, {"start": "00:34:05", "end": "00:34:09", "text": "that everyone can walk on at the exact"}, {"start": "00:34:07", "end": "00:34:12", "text": "same time."}, {"start": "00:34:09", "end": "00:34:15", "text": "They need to worry about actively"}, {"start": "00:34:12", "end": "00:34:18", "text": "working with Ripple, being at meetings"}, {"start": "00:34:15", "end": "00:34:22", "text": "and discussions and in photos with them."}, {"start": "00:34:18", "end": "00:34:24", "text": "Start start minting Ripple's stablecoin"}, {"start": "00:34:22", "end": "00:34:26", "text": "on top of Cardano."}, {"start": "00:34:24", "end": "00:34:29", "text": "Why are we having discussions for the"}, {"start": "00:34:26", "end": "00:34:32", "text": "last year of Cardano being able to"}, {"start": "00:34:29", "end": "00:34:35", "text": "uh you you do Bitcoin DeFi,"}, {"start": "00:34:32", "end": "00:34:35", "text": "where is it?"}, {"start": "00:34:35", "end": "00:34:40", "text": "Are Are they Are they working"}, {"start": "00:34:38", "end": "00:34:43", "text": "with Tether? Why not have huge amounts"}, {"start": "00:34:40", "end": "00:34:45", "text": "of Tether also minted on Cardano? Have"}, {"start": "00:34:43", "end": "00:34:47", "text": "the people from Cardano spoken to people"}, {"start": "00:34:45", "end": "00:34:49", "text": "from Coinbase?"}, {"start": "00:34:47", "end": "00:34:52", "text": "We We We'd love to have some Circle coin"}, {"start": "00:34:49", "end": "00:34:54", "text": "minted on top of here as well. Are you"}, {"start": "00:34:52", "end": "00:34:56", "text": "going to smaller countries who are"}, {"start": "00:34:54", "end": "00:34:58", "text": "looking, you know, there are tons of"}, {"start": "00:34:56", "end": "00:35:00", "text": "countries who are always like, you know,"}, {"start": "00:34:58", "end": "00:35:02", "text": "we're hoping in 2028 to have crypto"}, {"start": "00:35:00", "end": "00:35:04", "text": "regulation. Are you talking with them to"}, {"start": "00:35:02", "end": "00:35:06", "text": "say, \"Hey, you know, other other chains"}, {"start": "00:35:04", "end": "00:35:09", "text": "haven't gone to you, but if you want to"}, {"start": "00:35:06", "end": "00:35:11", "text": "have your supply chain"}, {"start": "00:35:09", "end": "00:35:13", "text": "on a blockchain, you can start with us"}, {"start": "00:35:11", "end": "00:35:14", "text": "first. You can do 1% of your supply"}, {"start": "00:35:13", "end": "00:35:16", "text": "chain. You can see if you like where"}, {"start": "00:35:14", "end": "00:35:19", "text": "it's going, and then we can continue up"}, {"start": "00:35:16", "end": "00:35:21", "text": "like How do I have all these ideas? I"}, {"start": "00:35:19", "end": "00:35:23", "text": "don't have my own blockchain. Why can I"}, {"start": "00:35:21", "end": "00:35:27", "text": "think of 75 things"}, {"start": "00:35:23", "end": "00:35:27", "text": "from [snorts] the get-go?"}, {"start": "00:35:27", "end": "00:35:31", "text": "So,"}, {"start": "00:35:28", "end": "00:35:34", "text": "yeah, I can only imagine that people are"}, {"start": "00:35:31", "end": "00:35:36", "text": "very frustrated. The chain works. Every"}, {"start": "00:35:34", "end": "00:35:38", "text": "update that they said they were going to"}, {"start": "00:35:36", "end": "00:35:40", "text": "do is there,"}, {"start": "00:35:38", "end": "00:35:42", "text": "but where Where's the rest of it?"}, {"start": "00:35:40", "end": "00:35:45", "text": "We're no longer at at the part of"}, {"start": "00:35:42", "end": "00:35:47", "text": "history where the most important thing"}, {"start": "00:35:45", "end": "00:35:51", "text": "is being like, \"Yeah, we have a multi"}, {"start": "00:35:47", "end": "00:35:53", "text": "multi-year roadmap.\" That's awesome, but"}, {"start": "00:35:51", "end": "00:35:55", "text": "at the same exact time, we're talking"}, {"start": "00:35:53", "end": "00:35:57", "text": "about central bank digital currencies"}, {"start": "00:35:55", "end": "00:36:01", "text": "and stablecoins from governments"}, {"start": "00:35:57", "end": "00:36:01", "text": "launching in 2026."}, {"start": "00:36:01", "end": "00:36:08", "text": "We're talking about Robinhood,"}, {"start": "00:36:04", "end": "00:36:10", "text": "Coinbase, the Nasdaq"}, {"start": "00:36:08", "end": "00:36:12", "text": "tokenizing trillions of dollars worth of"}, {"start": "00:36:10", "end": "00:36:14", "text": "assets"}, {"start": "00:36:12", "end": "00:36:19", "text": "on XRP,"}, {"start": "00:36:14", "end": "00:36:22", "text": "Polygon, Ethereum, and Solana."}, {"start": "00:36:19", "end": "00:36:24", "text": "Have you guys sent them an email? Did"}, {"start": "00:36:22", "end": "00:36:25", "text": "you send them a smoke signal? Did you"}, {"start": "00:36:24", "end": "00:36:27", "text": "say, \"Hey, you know, we're also a"}, {"start": "00:36:25", "end": "00:36:29", "text": "working chain as well."}, {"start": "00:36:27", "end": "00:36:30", "text": "So,"}, {"start": "00:36:29", "end": "00:36:33", "text": "yeah."}, {"start": "00:36:30", "end": "00:36:35", "text": "Um as you might have imagined, this was"}, {"start": "00:36:33", "end": "00:36:37", "text": "very much spoken about news."}, {"start": "00:36:35", "end": "00:36:39", "text": "It's um"}, {"start": "00:36:37", "end": "00:36:42", "text": "once again,"}, {"start": "00:36:39", "end": "00:36:44", "text": "I think usually a lot of times maybe we"}, {"start": "00:36:42", "end": "00:36:48", "text": "uh underestimate ourselves. You guys"}, {"start": "00:36:44", "end": "00:36:51", "text": "made Cardano like go do amazing things."}, {"start": "00:36:48", "end": "00:36:53", "text": "You have a multi-billion-dollar"}, {"start": "00:36:51", "end": "00:36:56", "text": "chain."}, {"start": "00:36:53", "end": "00:36:58", "text": "So, hopefully by the end of this year,"}, {"start": "00:36:56", "end": "00:36:59", "text": "something has switched. Maybe someone"}, {"start": "00:36:58", "end": "00:37:02", "text": "from Cardano's listening to this right"}, {"start": "00:36:59", "end": "00:37:04", "text": "now. Hello. No, you guys got to do so"}, {"start": "00:37:02", "end": "00:37:05", "text": "much more."}, {"start": "00:37:04", "end": "00:37:08", "text": "If we're talking about like"}, {"start": "00:37:05", "end": "00:37:10", "text": "revolutionizing the world and crypto"}, {"start": "00:37:08", "end": "00:37:13", "text": "taking over, and we're talking about"}, {"start": "00:37:10", "end": "00:37:17", "text": "Bitcoin going to a million dollars per"}, {"start": "00:37:13", "end": "00:37:19", "text": "coin in 3 and 1/2 years,"}, {"start": "00:37:17", "end": "00:37:23", "text": "we should be having discussions of of an"}, {"start": "00:37:19", "end": "00:37:25", "text": "$80, $120 ADA"}, {"start": "00:37:23", "end": "00:37:28", "text": "because of all the companies and"}, {"start": "00:37:25", "end": "00:37:28", "text": "countries who they're working with."}, {"start": "00:37:29", "end": "00:37:33", "text": "Well,"}, {"start": "00:37:31", "end": "00:37:34", "text": "yeah, the winners are being chosen and"}, {"start": "00:37:33", "end": "00:37:37", "text": "people won't wait forever. I told you"}, {"start": "00:37:34", "end": "00:37:39", "text": "that before about XRP."}, {"start": "00:37:37", "end": "00:37:40", "text": "It's cool that Ripple's doing all this"}, {"start": "00:37:39", "end": "00:37:43", "text": "stuff, but at some point people need to"}, {"start": "00:37:40", "end": "00:37:45", "text": "see actual action. It's awesome that you"}, {"start": "00:37:43", "end": "00:37:47", "text": "have 300 companies who have"}, {"start": "00:37:45", "end": "00:37:49", "text": "non-disclosure agreements. That means"}, {"start": "00:37:47", "end": "00:37:52", "text": "nothing to investors who want to see"}, {"start": "00:37:49", "end": "00:37:55", "text": "actual action."}, {"start": "00:37:52", "end": "00:37:58", "text": "Which 24 banks"}, {"start": "00:37:55", "end": "00:38:00", "text": "are working Who Who are they? Who's"}, {"start": "00:37:58", "end": "00:38:02", "text": "working with Ripple to put their central"}, {"start": "00:38:00", "end": "00:38:05", "text": "bank digital currencies and their stable"}, {"start": "00:38:02", "end": "00:38:08", "text": "coins on top of the XRP ledger?"}, {"start": "00:38:05", "end": "00:38:10", "text": "You got to give names cuz people will"}, {"start": "00:38:08", "end": "00:38:12", "text": "move their money."}, {"start": "00:38:10", "end": "00:38:15", "text": "They'll move it to another chain that"}, {"start": "00:38:12", "end": "00:38:17", "text": "they know is is is going up by 25% in a"}, {"start": "00:38:15", "end": "00:38:17", "text": "week."}, {"start": "00:38:18", "end": "00:38:22", "text": "I do hope that you've all enjoyed."}, {"start": "00:38:21", "end": "00:38:23", "text": "I do hope you all are having a great"}, {"start": "00:38:22", "end": "00:38:25", "text": "day,"}, {"start": "00:38:23", "end": "00:38:28", "text": "morning,"}, {"start": "00:38:25", "end": "00:38:30", "text": "afternoon, evening, wherever you are,"}, {"start": "00:38:28", "end": "00:38:33", "text": "wherever you might be."}, {"start": "00:38:30", "end": "00:38:36", "text": "I do hope it is absolutely fantastic."}, {"start": "00:38:33", "end": "00:38:39", "text": "Thank you all once again for watching,"}, {"start": "00:38:36", "end": "00:38:40", "text": "uh listening, uh liking, commenting, and"}, {"start": "00:38:39", "end": "00:38:43", "text": "supporting."}, {"start": "00:38:40", "end": "00:38:46", "text": "And I will most certainly be talking"}, {"start": "00:38:43", "end": "00:38:49", "text": "to you all soon."}, {"start": "00:38:46", "end": "00:38:49", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back to the channel. Welcome"}, {"start": "00:00:09", "end": "00:00:15", "text": "back for another Almost said something"}, {"start": "00:00:12", "end": "00:00:18", "text": "crazy. Welcome back for another video."}, {"start": "00:00:15", "end": "00:00:21", "text": "Hope you're all doing well. Hope that"}, {"start": "00:00:18", "end": "00:00:22", "text": "everyone out there's doing absolutely"}, {"start": "00:00:21", "end": "00:00:26", "text": "fantastic"}, {"start": "00:00:22", "end": "00:00:29", "text": "and that you're all having a wonderful"}, {"start": "00:00:26", "end": "00:00:33", "text": "day. Very big shout out to my Patreon"}, {"start": "00:00:29", "end": "00:00:36", "text": "supporters, Finley Bass, Gilboa Snake,"}, {"start": "00:00:33", "end": "00:00:38", "text": "and Trent Jackson. If you would also"}, {"start": "00:00:36", "end": "00:00:42", "text": "like a shout out, there's a link to my"}, {"start": "00:00:38", "end": "00:00:46", "text": "Patreon in the description below the"}, {"start": "00:00:42", "end": "00:00:49", "text": "video. Hope you've all been investing."}, {"start": "00:00:46", "end": "00:00:54", "text": "I know we're in a very"}, {"start": "00:00:49", "end": "00:00:57", "text": "weird time right now where"}, {"start": "00:00:54", "end": "00:00:59", "text": "the economy is telling us one thing, the"}, {"start": "00:00:57", "end": "00:01:01", "text": "stock market is saying another. The"}, {"start": "00:00:59", "end": "00:01:04", "text": "cryptocurrency market looks like it"}, {"start": "00:01:01", "end": "00:01:06", "text": "could go anyway because we keep being"}, {"start": "00:01:04", "end": "00:01:09", "text": "told that it's going in one specific"}, {"start": "00:01:06", "end": "00:01:12", "text": "direction. So, I know it's quite intense"}, {"start": "00:01:09", "end": "00:01:14", "text": "right now. Um, oh yeah, and without any"}, {"start": "00:01:12", "end": "00:01:17", "text": "further ado,"}, {"start": "00:01:14", "end": "00:01:21", "text": "let's jump right into it. I'm seeing a"}, {"start": "00:01:17", "end": "00:01:23", "text": "huge uptick in like documentaries and"}, {"start": "00:01:21", "end": "00:01:26", "text": "videos recently about like how expensive"}, {"start": "00:01:23", "end": "00:01:31", "text": "everything is, not even becoming, like"}, {"start": "00:01:26", "end": "00:01:34", "text": "how it already is. And uh yeah, so"}, {"start": "00:01:31", "end": "00:01:36", "text": "um we have some I don't want to say"}, {"start": "00:01:34", "end": "00:01:40", "text": "confusing news, but this is going to be"}, {"start": "00:01:36", "end": "00:01:42", "text": "quite confusing news. uh one of the the"}, {"start": "00:01:40", "end": "00:01:45", "text": "the heavyweight champions in the"}, {"start": "00:01:42", "end": "00:01:48", "text": "cryptocurrency space. They've been"}, {"start": "00:01:45", "end": "00:01:52", "text": "sending insane amounts of mixed signals"}, {"start": "00:01:48", "end": "00:01:54", "text": "as of late within the market. We are but"}, {"start": "00:01:52", "end": "00:01:58", "text": "a"}, {"start": "00:01:54", "end": "00:02:00", "text": "week and some change away from hearing"}, {"start": "00:01:58", "end": "00:02:05", "text": "about what the heck is going to happen"}, {"start": "00:02:00", "end": "00:02:08", "text": "with interest rates. And I I I dare not"}, {"start": "00:02:05", "end": "00:02:11", "text": "even say anything about the Clarity Act"}, {"start": "00:02:08", "end": "00:02:13", "text": "because some websites are claiming it's"}, {"start": "00:02:11", "end": "00:02:15", "text": "like it's it's a done deal. It's going"}, {"start": "00:02:13", "end": "00:02:17", "text": "to happen in a couple of weeks and"}, {"start": "00:02:15", "end": "00:02:19", "text": "others are announcing that it might take"}, {"start": "00:02:17", "end": "00:02:22", "text": "a little bit longer. There are more"}, {"start": "00:02:19", "end": "00:02:25", "text": "people now against the Clarity Act. Uh"}, {"start": "00:02:22", "end": "00:02:28", "text": "Charles Hoskinson has been quite vocal"}, {"start": "00:02:25", "end": "00:02:30", "text": "as has Arthur Hayes as of late."}, {"start": "00:02:28", "end": "00:02:32", "text": "Apparently, some of the wording inside"}, {"start": "00:02:30", "end": "00:02:34", "text": "of it"}, {"start": "00:02:32", "end": "00:02:37", "text": "gives"}, {"start": "00:02:34", "end": "00:02:41", "text": "more weight"}, {"start": "00:02:37", "end": "00:02:44", "text": "to certain coins than others. That's"}, {"start": "00:02:41", "end": "00:02:47", "text": "what I've gathered at least uh thus far."}, {"start": "00:02:44", "end": "00:02:52", "text": "So, in what I'm going to just call"}, {"start": "00:02:47", "end": "00:02:56", "text": "extremely confusing news,"}, {"start": "00:02:52", "end": "00:02:58", "text": "uh recently we had no like it's been"}, {"start": "00:02:56", "end": "00:03:02", "text": "over a month now. Has it been that long?"}, {"start": "00:02:58", "end": "00:03:03", "text": "Geez Louise. Uh Michael Sailor"}, {"start": "00:03:02", "end": "00:03:05", "text": "announced"}, {"start": "00:03:03", "end": "00:03:08", "text": "uh unsurprisingly"}, {"start": "00:03:05", "end": "00:03:10", "text": "that the company Micro Strategy is"}, {"start": "00:03:08", "end": "00:03:12", "text": "extremely overleveraged"}, {"start": "00:03:10", "end": "00:03:16", "text": "and they might have to sell some of"}, {"start": "00:03:12", "end": "00:03:18", "text": "their Bitcoin. That then became there"}, {"start": "00:03:16", "end": "00:03:21", "text": "was backlash obviously as the company"}, {"start": "00:03:18", "end": "00:03:22", "text": "said we're never going to do it. So if"}, {"start": "00:03:21", "end": "00:03:24", "text": "you say I'm I'm never going to do"}, {"start": "00:03:22", "end": "00:03:26", "text": "something and then you announce that you"}, {"start": "00:03:24", "end": "00:03:29", "text": "might do it, people might get a bit"}, {"start": "00:03:26", "end": "00:03:30", "text": "annoyed that then the next day they"}, {"start": "00:03:29", "end": "00:03:33", "text": "purchased Bitcoin and then the week"}, {"start": "00:03:30", "end": "00:03:36", "text": "after they purchased $2 billion worth of"}, {"start": "00:03:33", "end": "00:03:38", "text": "Bitcoin and then they they were talking"}, {"start": "00:03:36", "end": "00:03:39", "text": "about slowing down their purchases and"}, {"start": "00:03:38", "end": "00:03:41", "text": "then they announced that they had"}, {"start": "00:03:39", "end": "00:03:45", "text": "figured out a way to like deal with"}, {"start": "00:03:41", "end": "00:03:48", "text": "their debt and then most recently we had"}, {"start": "00:03:45", "end": "00:03:51", "text": "news that Michael Sailor was saying oh"}, {"start": "00:03:48", "end": "00:03:54", "text": "gosh what was it? Ah, he said between"}, {"start": "00:03:51", "end": "00:03:58", "text": "now and the end of the year,"}, {"start": "00:03:54", "end": "00:04:02", "text": "there's a possibility that we could"}, {"start": "00:03:58", "end": "00:04:04", "text": "sell some Bitcoin. No number was given,"}, {"start": "00:04:02", "end": "00:04:07", "text": "but I assume it would be uh something"}, {"start": "00:04:04", "end": "00:04:11", "text": "against their roughly $60 billion worth"}, {"start": "00:04:07", "end": "00:04:14", "text": "of debt, which is just cuckoo bananas."}, {"start": "00:04:11", "end": "00:04:17", "text": "Um, so"}, {"start": "00:04:14", "end": "00:04:21", "text": "back in the news again,"}, {"start": "00:04:17", "end": "00:04:25", "text": "uh, Michael Sailor, chairman of US-based"}, {"start": "00:04:21", "end": "00:04:27", "text": "tech firm Micro Strategy,"}, {"start": "00:04:25", "end": "00:04:31", "text": "discussed the company's latest capital"}, {"start": "00:04:27", "end": "00:04:34", "text": "plan and the role of its digital credit"}, {"start": "00:04:31", "end": "00:04:37", "text": "instrument called STRC"}, {"start": "00:04:34", "end": "00:04:41", "text": "on CNBC."}, {"start": "00:04:37", "end": "00:04:43", "text": "Sailor explained that expanding STRC"}, {"start": "00:04:41", "end": "00:04:45", "text": "is intended to help strategy increase"}, {"start": "00:04:43", "end": "00:04:47", "text": "its Bitcoin holdings. Uh that was the"}, {"start": "00:04:45", "end": "00:04:51", "text": "other thing we heard about and maximize"}, {"start": "00:04:47", "end": "00:04:53", "text": "the amount of Bitcoin per share. So"}, {"start": "00:04:51", "end": "00:04:56", "text": "that's now, if you haven't seen, that's"}, {"start": "00:04:53", "end": "00:04:59", "text": "now the new thing that companies are"}, {"start": "00:04:56", "end": "00:05:00", "text": "kind of spouting out. They're trying to"}, {"start": "00:04:59", "end": "00:05:05", "text": "distract"}, {"start": "00:05:00", "end": "00:05:08", "text": "in a way from the idea of focusing just"}, {"start": "00:05:05", "end": "00:05:12", "text": "on Bitcoin's price. It now has to do"}, {"start": "00:05:08", "end": "00:05:15", "text": "with how much Bitcoin a company has per"}, {"start": "00:05:12", "end": "00:05:18", "text": "stock that they've issued."}, {"start": "00:05:15", "end": "00:05:21", "text": "So, if you buy Bitcoin at 55 and it goes"}, {"start": "00:05:18", "end": "00:05:24", "text": "to 85 and then it goes down to 22,000,"}, {"start": "00:05:21", "end": "00:05:26", "text": "that apparently is no longer important."}, {"start": "00:05:24", "end": "00:05:31", "text": "It now has to do with how much Bitcoin"}, {"start": "00:05:26", "end": "00:05:36", "text": "that company has in in in general."}, {"start": "00:05:31", "end": "00:05:37", "text": "This being once again I feel"}, {"start": "00:05:36", "end": "00:05:39", "text": "this feels like the new kind of"}, {"start": "00:05:37", "end": "00:05:42", "text": "narrative that you throw out there when"}, {"start": "00:05:39", "end": "00:05:44", "text": "everyone got really upset at you cuz you"}, {"start": "00:05:42", "end": "00:05:46", "text": "said you were never going to sell and"}, {"start": "00:05:44", "end": "00:05:49", "text": "then you decided to announce you were"}, {"start": "00:05:46", "end": "00:05:54", "text": "going to sell. This is also reminiscent"}, {"start": "00:05:49", "end": "00:05:55", "text": "of um a year or two ago when Michael"}, {"start": "00:05:54", "end": "00:05:57", "text": "Sailor, don't forget these things. These"}, {"start": "00:05:55", "end": "00:06:00", "text": "things are very very important to know"}, {"start": "00:05:57", "end": "00:06:03", "text": "like who to listen to in the"}, {"start": "00:06:00", "end": "00:06:05", "text": "cryptocurrency space. Michael Sailor uh"}, {"start": "00:06:03", "end": "00:06:07", "text": "said that Bitcoin was boring and"}, {"start": "00:06:05", "end": "00:06:09", "text": "everyone was like, \"What are you talking"}, {"start": "00:06:07", "end": "00:06:11", "text": "about?\" He's like, \"Oh, no. I'm sorry. I"}, {"start": "00:06:09", "end": "00:06:13", "text": "I spelled awesome incorrectly.\" And it"}, {"start": "00:06:11", "end": "00:06:16", "text": "was like, \"Okay.\" He said that people"}, {"start": "00:06:13", "end": "00:06:19", "text": "who who don't like using banks or don't"}, {"start": "00:06:16", "end": "00:06:21", "text": "want banks to hold their Bitcoin are"}, {"start": "00:06:19", "end": "00:06:22", "text": "idiots. And then people were like,"}, {"start": "00:06:21", "end": "00:06:24", "text": "\"Dude, like what are you? Come on.\" And"}, {"start": "00:06:22", "end": "00:06:26", "text": "he was like, \"No, I'm I I meant like"}, {"start": "00:06:24", "end": "00:06:28", "text": "other banks. You know, you can self"}, {"start": "00:06:26", "end": "00:06:31", "text": "custody, but I meant other people, not"}, {"start": "00:06:28", "end": "00:06:32", "text": "not you person who got mad.\" And then we"}, {"start": "00:06:31", "end": "00:06:36", "text": "also found out that they were also"}, {"start": "00:06:32", "end": "00:06:39", "text": "trying to make their own bank."}, {"start": "00:06:36", "end": "00:06:41", "text": "He said, and I quote, \"Michael Sailor"}, {"start": "00:06:39", "end": "00:06:44", "text": "stated on CNBC,"}, {"start": "00:06:41", "end": "00:06:47", "text": "through the growth of STRC,"}, {"start": "00:06:44", "end": "00:06:51", "text": "we aim to maximize our Bitcoin purchases"}, {"start": "00:06:47", "end": "00:06:54", "text": "and the amount of Bitcoin per share. Our"}, {"start": "00:06:51", "end": "00:06:57", "text": "goal is to reduce volatility and"}, {"start": "00:06:54", "end": "00:06:59", "text": "uncertainty.\" End quote. And then"}, {"start": "00:06:57", "end": "00:07:00", "text": "there's a little chart right there."}, {"start": "00:06:59", "end": "00:07:03", "text": "Fantastic."}, {"start": "00:07:00", "end": "00:07:07", "text": "The the company sources emphasize the"}, {"start": "00:07:03", "end": "00:07:10", "text": "trio of STRC,"}, {"start": "00:07:07", "end": "00:07:13", "text": "Micro Strategy Stock, and Bitcoin forms"}, {"start": "00:07:10", "end": "00:07:16", "text": "the backbone of our long-term capital"}, {"start": "00:07:13", "end": "00:07:18", "text": "structure. The strategy team's messaging"}, {"start": "00:07:16", "end": "00:07:20", "text": "underlines that enhanced Bitcoin"}, {"start": "00:07:18", "end": "00:07:22", "text": "accumulation remains at the forefront of"}, {"start": "00:07:20", "end": "00:07:25", "text": "the firm's objectives. I think this is"}, {"start": "00:07:22", "end": "00:07:26", "text": "once again the result of backlash. You"}, {"start": "00:07:25", "end": "00:07:29", "text": "have to go on TV. You have to tell"}, {"start": "00:07:26", "end": "00:07:31", "text": "everyone. have to make sure and reaffirm"}, {"start": "00:07:29", "end": "00:07:33", "text": "cuz he wasn't doing this before the last"}, {"start": "00:07:31", "end": "00:07:35", "text": "year and a half. He was literally just"}, {"start": "00:07:33", "end": "00:07:37", "text": "talking about like random things on the"}, {"start": "00:07:35", "end": "00:07:41", "text": "news or he wasn't on the news at all."}, {"start": "00:07:37", "end": "00:07:41", "text": "Anyway, this of course made"}, {"start": "00:07:42", "end": "00:07:46", "text": "this this this made popular news. It"}, {"start": "00:07:44", "end": "00:07:49", "text": "wasn't quite there, but people were"}, {"start": "00:07:46", "end": "00:07:52", "text": "talking about it because I don't know"}, {"start": "00:07:49", "end": "00:07:55", "text": "why the public forces themselves"}, {"start": "00:07:52", "end": "00:07:58", "text": "to love billionaires or people who are"}, {"start": "00:07:55", "end": "00:07:59", "text": "hoarding all of the assets. Uh, but"}, {"start": "00:07:58", "end": "00:08:02", "text": "Elastis is also a thing within the"}, {"start": "00:07:59", "end": "00:08:05", "text": "cryptocurrency space as well because I'm"}, {"start": "00:08:02", "end": "00:08:07", "text": "certain all the time that many of you"}, {"start": "00:08:05", "end": "00:08:11", "text": "definitely forget that"}, {"start": "00:08:07", "end": "00:08:13", "text": "one singular company is not supposed to"}, {"start": "00:08:11", "end": "00:08:16", "text": "have 826,000"}, {"start": "00:08:13", "end": "00:08:16", "text": "Bitcoin."}, {"start": "00:08:16", "end": "00:08:20", "text": "Yeah, I know. I know. And I I know it's"}, {"start": "00:08:18", "end": "00:08:23", "text": "very weird, right? Yeah. A lot of people"}, {"start": "00:08:20", "end": "00:08:26", "text": "um even if you're in the market for the"}, {"start": "00:08:23", "end": "00:08:30", "text": "money, understandable, but you also have"}, {"start": "00:08:26", "end": "00:08:34", "text": "to get like if you keep Okay. Anyway, um"}, {"start": "00:08:30", "end": "00:08:36", "text": "cool. So, the company who everyone loves"}, {"start": "00:08:34", "end": "00:08:39", "text": "and then got angry at three times over"}, {"start": "00:08:36", "end": "00:08:41", "text": "the last two years is now trying to save"}, {"start": "00:08:39", "end": "00:08:42", "text": "face again. Like I said in another"}, {"start": "00:08:41", "end": "00:08:45", "text": "video, at some point they're going to"}, {"start": "00:08:42", "end": "00:08:47", "text": "sell some Bitcoin this year. They won't"}, {"start": "00:08:45", "end": "00:08:49", "text": "tell us when, but they will tell us"}, {"start": "00:08:47", "end": "00:08:52", "text": "later on after the price of Bitcoin has"}, {"start": "00:08:49", "end": "00:08:55", "text": "gone back up that they did it so that"}, {"start": "00:08:52", "end": "00:08:58", "text": "there's like less uh"}, {"start": "00:08:55", "end": "00:09:02", "text": "backlash once again"}, {"start": "00:08:58", "end": "00:09:06", "text": "selling. Cool. Fantastical."}, {"start": "00:09:02", "end": "00:09:08", "text": "That's the micro strategy news."}, {"start": "00:09:06", "end": "00:09:11", "text": "Mhm."}, {"start": "00:09:08", "end": "00:09:14", "text": "Let's move on."}, {"start": "00:09:11", "end": "00:09:17", "text": "I I I I I I think we were supposed to"}, {"start": "00:09:14", "end": "00:09:21", "text": "have"}, {"start": "00:09:17", "end": "00:09:24", "text": "gotten angry at this news or"}, {"start": "00:09:21", "end": "00:09:26", "text": "I I'm not really sure. So, a number of"}, {"start": "00:09:24", "end": "00:09:31", "text": "countries around the world with their"}, {"start": "00:09:26", "end": "00:09:33", "text": "cryptocurrency regulations have begun to"}, {"start": "00:09:31", "end": "00:09:36", "text": "uh announce like tighter capital"}, {"start": "00:09:33", "end": "00:09:38", "text": "controls. Unsurprising. But one of the"}, {"start": "00:09:36", "end": "00:09:41", "text": "things that they've kind of taken aim at"}, {"start": "00:09:38", "end": "00:09:43", "text": "has been like cryptocurrency ATMs. If"}, {"start": "00:09:41", "end": "00:09:46", "text": "you've never used one before, they work"}, {"start": "00:09:43", "end": "00:09:48", "text": "like a normal ATM just in one direction."}, {"start": "00:09:46", "end": "00:09:50", "text": "So you like you would normally put paper"}, {"start": "00:09:48", "end": "00:09:53", "text": "money into them. I'm sure many of them"}, {"start": "00:09:50", "end": "00:09:56", "text": "have tap and take cards now. And you"}, {"start": "00:09:53", "end": "00:09:57", "text": "would uh scan your phone, you your"}, {"start": "00:09:56", "end": "00:09:59", "text": "phone's wallet address, and then"}, {"start": "00:09:57", "end": "00:10:01", "text": "whatever money you put in there would be"}, {"start": "00:09:59", "end": "00:10:02", "text": "converted into that coin and those coins"}, {"start": "00:10:01", "end": "00:10:06", "text": "would then be sent to your wallet"}, {"start": "00:10:02", "end": "00:10:08", "text": "address. Fairly fairly simple enough. Um"}, {"start": "00:10:06", "end": "00:10:12", "text": "but now"}, {"start": "00:10:08", "end": "00:10:14", "text": "I this feels like"}, {"start": "00:10:12", "end": "00:10:16", "text": "you know how like during the 2008 2009"}, {"start": "00:10:14", "end": "00:10:20", "text": "financial crisis if you if you've never"}, {"start": "00:10:16", "end": "00:10:22", "text": "studied it during the 2008 2009 crisis"}, {"start": "00:10:20", "end": "00:10:25", "text": "like we know exactly"}, {"start": "00:10:22", "end": "00:10:27", "text": "we know exactly who crashed the economy"}, {"start": "00:10:25", "end": "00:10:30", "text": "like we know exactly which banks and"}, {"start": "00:10:27", "end": "00:10:32", "text": "which people. It's not a oh no we can't"}, {"start": "00:10:30", "end": "00:10:36", "text": "figure it out. We know exactly who it"}, {"start": "00:10:32", "end": "00:10:39", "text": "is. But do you know that only one person"}, {"start": "00:10:36", "end": "00:10:42", "text": "got in trouble"}, {"start": "00:10:39", "end": "00:10:44", "text": "for the 2008 2009 banking crisis? Only"}, {"start": "00:10:42", "end": "00:10:47", "text": "one person in the United States got in"}, {"start": "00:10:44", "end": "00:10:49", "text": "trouble and they had nothing to do with"}, {"start": "00:10:47", "end": "00:10:51", "text": "anything that happened. They were simply"}, {"start": "00:10:49", "end": "00:10:52", "text": "like a scapegoat. They were the person"}, {"start": "00:10:51", "end": "00:10:54", "text": "that everyone could point to and say,"}, {"start": "00:10:52", "end": "00:10:57", "text": "\"Okay, you you got to take the fall.\" If"}, {"start": "00:10:54", "end": "00:11:00", "text": "you Oh, also side note, if you've never"}, {"start": "00:10:57", "end": "00:11:04", "text": "watched the TV show Succession,"}, {"start": "00:11:00", "end": "00:11:08", "text": "do it. Succession is one of the best"}, {"start": "00:11:04", "end": "00:11:10", "text": "shows ever made. And it so for those of"}, {"start": "00:11:08", "end": "00:11:11", "text": "you who don't know the premise of it"}, {"start": "00:11:10", "end": "00:11:14", "text": "without spoiling it, it basically"}, {"start": "00:11:11", "end": "00:11:17", "text": "follows a very wealthy family living in"}, {"start": "00:11:14", "end": "00:11:20", "text": "New York. And it would appear that one"}, {"start": "00:11:17", "end": "00:11:22", "text": "of the kids uh is going to be the new"}, {"start": "00:11:20", "end": "00:11:24", "text": "head of the company, thus the term"}, {"start": "00:11:22", "end": "00:11:27", "text": "succession."}, {"start": "00:11:24", "end": "00:11:28", "text": "But it literally goes over how like rich"}, {"start": "00:11:27", "end": "00:11:30", "text": "people act and the things that happen to"}, {"start": "00:11:28", "end": "00:11:33", "text": "them and don't happen to them simply"}, {"start": "00:11:30", "end": "00:11:35", "text": "because they actually have money. So in"}, {"start": "00:11:33", "end": "00:11:37", "text": "many cases, you'll see without spoiling"}, {"start": "00:11:35", "end": "00:11:40", "text": "it within the show, something will"}, {"start": "00:11:37", "end": "00:11:42", "text": "happen. Someone really messes up and"}, {"start": "00:11:40", "end": "00:11:44", "text": "then they pay someone else off to be"}, {"start": "00:11:42", "end": "00:11:45", "text": "like, \"Hey, I need you to take the fall"}, {"start": "00:11:44", "end": "00:11:47", "text": "for me and here's a million.\" And"}, {"start": "00:11:45", "end": "00:11:49", "text": "they're like, \"I don't want to.\" Okay,"}, {"start": "00:11:47", "end": "00:11:54", "text": "two million."}, {"start": "00:11:49", "end": "00:11:57", "text": "So in this thing there is a"}, {"start": "00:11:54", "end": "00:12:00", "text": "it seems like banning cryptocurrency"}, {"start": "00:11:57", "end": "00:12:03", "text": "ATMs is kind of like the new scapegoat"}, {"start": "00:12:00", "end": "00:12:05", "text": "for for the thing because people outside"}, {"start": "00:12:03", "end": "00:12:09", "text": "of crypto don't like crypto. That is a"}, {"start": "00:12:05", "end": "00:12:11", "text": "real they do not like cryptocurrencies."}, {"start": "00:12:09", "end": "00:12:15", "text": "You always have to have like some kind"}, {"start": "00:12:11", "end": "00:12:17", "text": "of an entity take the fall for the"}, {"start": "00:12:15", "end": "00:12:19", "text": "situation."}, {"start": "00:12:17", "end": "00:12:20", "text": "So by banning ATMs you say look like"}, {"start": "00:12:19", "end": "00:12:24", "text": "we're like we're stopping money"}, {"start": "00:12:20", "end": "00:12:27", "text": "laundering and it's like okay so"}, {"start": "00:12:24", "end": "00:12:31", "text": "multiple states are are going through"}, {"start": "00:12:27", "end": "00:12:34", "text": "with this and this is always presented"}, {"start": "00:12:31", "end": "00:12:36", "text": "as news that we"}, {"start": "00:12:34", "end": "00:12:39", "text": "are supposed to like cheer for and be"}, {"start": "00:12:36", "end": "00:12:43", "text": "like oh my gosh crypto is now a better"}, {"start": "00:12:39", "end": "00:12:45", "text": "place. years ago, they used to call the"}, {"start": "00:12:43", "end": "00:12:47", "text": "cryptocurrency space was always referred"}, {"start": "00:12:45", "end": "00:12:50", "text": "to as like like the wild wild west of"}, {"start": "00:12:47", "end": "00:12:53", "text": "finance or some whatever the stupid"}, {"start": "00:12:50", "end": "00:12:56", "text": "phrase that they were saying"}, {"start": "00:12:53", "end": "00:12:58", "text": "and it was always this kind of like you"}, {"start": "00:12:56", "end": "00:13:00", "text": "just can't get crypto under control."}, {"start": "00:12:58", "end": "00:13:02", "text": "Everything is so unruly and then people"}, {"start": "00:13:00", "end": "00:13:04", "text": "were looking into it. This is the okay"}, {"start": "00:13:02", "end": "00:13:06", "text": "last thought then we'll move on. The"}, {"start": "00:13:04", "end": "00:13:08", "text": "best part was this was around the time"}, {"start": "00:13:06", "end": "00:13:10", "text": "when we started getting like onchain"}, {"start": "00:13:08", "end": "00:13:12", "text": "analytical companies, chain analysis and"}, {"start": "00:13:10", "end": "00:13:16", "text": "all these other things"}, {"start": "00:13:12", "end": "00:13:20", "text": "because the the news kept on saying"}, {"start": "00:13:16", "end": "00:13:23", "text": "that it was like 90 something% of of"}, {"start": "00:13:20", "end": "00:13:25", "text": "crypto transactions were criminal."}, {"start": "00:13:23", "end": "00:13:28", "text": "If you weren't here six, seven years"}, {"start": "00:13:25", "end": "00:13:31", "text": "ago, that was the news. We were spoken"}, {"start": "00:13:28", "end": "00:13:33", "text": "down to. Crypto is garbage. It's just a"}, {"start": "00:13:31", "end": "00:13:35", "text": "place for criminals. So everyone was"}, {"start": "00:13:33", "end": "00:13:37", "text": "like, \"All right, well, let's figure out"}, {"start": "00:13:35", "end": "00:13:40", "text": "how much criminal activity is actually"}, {"start": "00:13:37", "end": "00:13:42", "text": "happening.\" These analytical companies"}, {"start": "00:13:40", "end": "00:13:44", "text": "looked into it and I mean for like a"}, {"start": "00:13:42", "end": "00:13:46", "text": "good year and a half. Do you know what"}, {"start": "00:13:44", "end": "00:13:48", "text": "they found?"}, {"start": "00:13:46", "end": "00:13:50", "text": "Out of all the transactions that"}, {"start": "00:13:48", "end": "00:13:52", "text": "happened within a year,"}, {"start": "00:13:50", "end": "00:13:55", "text": "0.5%"}, {"start": "00:13:52", "end": "00:13:57", "text": "of them would have been considered"}, {"start": "00:13:55", "end": "00:14:00", "text": "fraudulent."}, {"start": "00:13:57", "end": "00:14:02", "text": "Half of 1%."}, {"start": "00:14:00", "end": "00:14:04", "text": "the other transactions that were"}, {"start": "00:14:02", "end": "00:14:05", "text": "happening were just people trading"}, {"start": "00:14:04", "end": "00:14:09", "text": "coins, sending stuff to different"}, {"start": "00:14:05", "end": "00:14:11", "text": "wallets, 0.5%."}, {"start": "00:14:09", "end": "00:14:12", "text": "So that was kind of the thing why like"}, {"start": "00:14:11", "end": "00:14:15", "text": "this is also why you don't hear about"}, {"start": "00:14:12", "end": "00:14:17", "text": "these companies as much anymore because"}, {"start": "00:14:15", "end": "00:14:19", "text": "their main focus years ago was to figure"}, {"start": "00:14:17", "end": "00:14:22", "text": "out like who the criminals are, what's"}, {"start": "00:14:19", "end": "00:14:24", "text": "going on. Was it No, it was it was just"}, {"start": "00:14:22", "end": "00:14:26", "text": "normal people sending money between"}, {"start": "00:14:24", "end": "00:14:30", "text": "themselves."}, {"start": "00:14:26", "end": "00:14:34", "text": "A sweeping new law in Minnesota"}, {"start": "00:14:30", "end": "00:14:37", "text": "has authorized local banks and credit"}, {"start": "00:14:34", "end": "00:14:40", "text": "unions to provide cryptocurrency custody"}, {"start": "00:14:37", "end": "00:14:42", "text": "for the first time. Okay, makes sense"}, {"start": "00:14:40", "end": "00:14:43", "text": "now. So, this was done by the banks. The"}, {"start": "00:14:42", "end": "00:14:46", "text": "banks made sure that this law went"}, {"start": "00:14:43", "end": "00:14:48", "text": "through so that more people would use"}, {"start": "00:14:46", "end": "00:14:50", "text": "the banks as opposed to dealing with"}, {"start": "00:14:48", "end": "00:14:53", "text": "cryptocurrency. They somehow saw crypto"}, {"start": "00:14:50", "end": "00:14:56", "text": "ATMs as a threat to them."}, {"start": "00:14:53", "end": "00:14:58", "text": "A sweeping new law in Minnesota has"}, {"start": "00:14:56", "end": "00:15:00", "text": "authorized local banks and credit unions"}, {"start": "00:14:58", "end": "00:15:03", "text": "to provide cryptocurrency custody"}, {"start": "00:15:00", "end": "00:15:06", "text": "services for the first time while"}, {"start": "00:15:03", "end": "00:15:10", "text": "imposing a total ban on crypto ATMs"}, {"start": "00:15:06", "end": "00:15:12", "text": "across the state. This legislative move"}, {"start": "00:15:10", "end": "00:15:15", "text": "is being described as the Midwest's"}, {"start": "00:15:12", "end": "00:15:18", "text": "first explicit regulatory framework"}, {"start": "00:15:15", "end": "00:15:20", "text": "covering local financial institutions in"}, {"start": "00:15:18", "end": "00:15:23", "text": "the digital asset space. And for those"}, {"start": "00:15:20", "end": "00:15:26", "text": "of you who also are unaware if you've if"}, {"start": "00:15:23", "end": "00:15:31", "text": "you've never used a crypto ATM, don't"}, {"start": "00:15:26", "end": "00:15:34", "text": "feel bad or left out. No one uses them."}, {"start": "00:15:31", "end": "00:15:35", "text": "Like less than 1% of crypto transactions"}, {"start": "00:15:34", "end": "00:15:37", "text": "are actually happening through these"}, {"start": "00:15:35", "end": "00:15:39", "text": "machines"}, {"start": "00:15:37", "end": "00:15:41", "text": "because we're because we're not in in in"}, {"start": "00:15:39", "end": "00:15:44", "text": "in in"}, {"start": "00:15:41", "end": "00:15:47", "text": "2013 anymore."}, {"start": "00:15:44", "end": "00:15:51", "text": "So, what happens now is is that you use"}, {"start": "00:15:47", "end": "00:15:54", "text": "Coinbase or you use Kraken or you use"}, {"start": "00:15:51", "end": "00:15:57", "text": "Binance or you use Robin Hood or you use"}, {"start": "00:15:54", "end": "00:15:59", "text": "any of the multiple 147 cryptocurrency"}, {"start": "00:15:57", "end": "00:16:02", "text": "exchanges that we currently have on the"}, {"start": "00:15:59", "end": "00:16:04", "text": "planet. But it's very easy to point at"}, {"start": "00:16:02", "end": "00:16:07", "text": "something in a new industry to say that"}, {"start": "00:16:04", "end": "00:16:10", "text": "that thing has to go because of A, B,"}, {"start": "00:16:07", "end": "00:16:12", "text": "and C. No one's no one's using these"}, {"start": "00:16:10", "end": "00:16:15", "text": "things. And I and I and I'll give you"}, {"start": "00:16:12", "end": "00:16:18", "text": "one even better. A lot of the uh"}, {"start": "00:16:15", "end": "00:16:21", "text": "discussion usually revolves around the"}, {"start": "00:16:18", "end": "00:16:24", "text": "idea of like capital flows and how this"}, {"start": "00:16:21", "end": "00:16:28", "text": "money is moving and using cryptocurrency"}, {"start": "00:16:24", "end": "00:16:30", "text": "ATMs for money laundering. Well, a the"}, {"start": "00:16:28", "end": "00:16:33", "text": "cryptocurrency ATMs are fitted usually"}, {"start": "00:16:30", "end": "00:16:34", "text": "with one to three cameras. You know how"}, {"start": "00:16:33", "end": "00:16:37", "text": "like when you go to the bank, like when"}, {"start": "00:16:34", "end": "00:16:38", "text": "you go to the ATM and like you like you"}, {"start": "00:16:37", "end": "00:16:39", "text": "you're entering your PIN number and you"}, {"start": "00:16:38", "end": "00:16:41", "text": "look up and you see there's like three"}, {"start": "00:16:39", "end": "00:16:45", "text": "cameras pointed at you. That's how"}, {"start": "00:16:41", "end": "00:16:48", "text": "crypto ATMs also are."}, {"start": "00:16:45", "end": "00:16:50", "text": "So, not only would you have a timestamp"}, {"start": "00:16:48", "end": "00:16:54", "text": "for when you were there, your face is"}, {"start": "00:16:50", "end": "00:16:58", "text": "definitely on film and then you also are"}, {"start": "00:16:54", "end": "00:17:00", "text": "literally scanning a QR code for a"}, {"start": "00:16:58", "end": "00:17:03", "text": "wallet address that is being identified"}, {"start": "00:17:00", "end": "00:17:06", "text": "as yours while you're on camera. Money"}, {"start": "00:17:03", "end": "00:17:08", "text": "laundering. Um, and then the the the"}, {"start": "00:17:06", "end": "00:17:11", "text": "other part is, have you ever heard the"}, {"start": "00:17:08", "end": "00:17:13", "text": "phrase like I'm paraphrasing, but it's"}, {"start": "00:17:11", "end": "00:17:15", "text": "something like if people want to do it,"}, {"start": "00:17:13", "end": "00:17:17", "text": "they're going to do it."}, {"start": "00:17:15", "end": "00:17:19", "text": "We have tons of things on this planet"}, {"start": "00:17:17", "end": "00:17:21", "text": "that are deemed illegal depending on"}, {"start": "00:17:19", "end": "00:17:24", "text": "where you go around the world. Do you if"}, {"start": "00:17:21", "end": "00:17:26", "text": "I mean it it might be boring to you."}, {"start": "00:17:24", "end": "00:17:30", "text": "Look at local law for certain countries"}, {"start": "00:17:26", "end": "00:17:33", "text": "around the world. You'd be shocked"}, {"start": "00:17:30", "end": "00:17:36", "text": "if you realize like what was illegal in"}, {"start": "00:17:33", "end": "00:17:40", "text": "certain places. And I mean like"}, {"start": "00:17:36", "end": "00:17:41", "text": "things that you use every day."}, {"start": "00:17:40", "end": "00:17:43", "text": "if you walk into certain countries with"}, {"start": "00:17:41", "end": "00:17:46", "text": "that like you like you are gone for like"}, {"start": "00:17:43", "end": "00:17:49", "text": "a good two or three years. It's it's"}, {"start": "00:17:46", "end": "00:17:51", "text": "nuts. Anyway, um the phrase basically is"}, {"start": "00:17:49", "end": "00:17:53", "text": "like if people want to do it, they're"}, {"start": "00:17:51", "end": "00:17:56", "text": "going to do it. There are tons of things"}, {"start": "00:17:53", "end": "00:17:59", "text": "on this planet that are already illegal"}, {"start": "00:17:56", "end": "00:18:02", "text": "in some form or fashion, but people"}, {"start": "00:17:59", "end": "00:18:04", "text": "still do it cuz they want to do it. So"}, {"start": "00:18:02", "end": "00:18:06", "text": "years ago, there was this lie that was"}, {"start": "00:18:04", "end": "00:18:08", "text": "being thrown around that Tether was"}, {"start": "00:18:06", "end": "00:18:10", "text": "being used for moneyaundering."}, {"start": "00:18:08", "end": "00:18:11", "text": "All that news was coming from the Wall"}, {"start": "00:18:10", "end": "00:18:16", "text": "Street Journal because the Wall Street"}, {"start": "00:18:11", "end": "00:18:18", "text": "Journal is special. And then uh we found"}, {"start": "00:18:16", "end": "00:18:20", "text": "out that not only was Tether not being"}, {"start": "00:18:18", "end": "00:18:22", "text": "used for moneyaundering, it was the"}, {"start": "00:18:20", "end": "00:18:24", "text": "exact opposite. Anytime that a large"}, {"start": "00:18:22", "end": "00:18:26", "text": "transaction worth of like of anything"}, {"start": "00:18:24", "end": "00:18:28", "text": "was happening on chain, they were"}, {"start": "00:18:26", "end": "00:18:30", "text": "freezing it in multiple cases and trying"}, {"start": "00:18:28", "end": "00:18:32", "text": "to verify that that money should have"}, {"start": "00:18:30", "end": "00:18:34", "text": "gone to the actual place. It was the"}, {"start": "00:18:32", "end": "00:18:37", "text": "like they were basically making sure we"}, {"start": "00:18:34", "end": "00:18:41", "text": "have so many coins in this market and so"}, {"start": "00:18:37", "end": "00:18:43", "text": "many coins with private transactions."}, {"start": "00:18:41", "end": "00:18:46", "text": "You know that if people want to do"}, {"start": "00:18:43", "end": "00:18:50", "text": "something bad, they're going to use one"}, {"start": "00:18:46", "end": "00:18:55", "text": "of those coins. No one's walking up to a"}, {"start": "00:18:50", "end": "00:18:58", "text": "machine outside in a mall with $300,000"}, {"start": "00:18:55", "end": "00:19:01", "text": "in a bag and then slowly entering that"}, {"start": "00:18:58", "end": "00:19:05", "text": "money into a bit a cryptocurrency ATM"}, {"start": "00:19:01", "end": "00:19:10", "text": "machine and then scanning a QR code."}, {"start": "00:19:05", "end": "00:19:13", "text": "Like, let's be completely serious here."}, {"start": "00:19:10", "end": "00:19:16", "text": "They said, and I quote, \"During this"}, {"start": "00:19:13", "end": "00:19:21", "text": "process, we regularly witnessed local"}, {"start": "00:19:16", "end": "00:19:23", "text": "capital flows out of state. As a result,"}, {"start": "00:19:21", "end": "00:19:25", "text": "resources that could have been earmarked"}, {"start": "00:19:23", "end": "00:19:28", "text": "for regional investments, mortgage"}, {"start": "00:19:25", "end": "00:19:30", "text": "loans, and community projects are"}, {"start": "00:19:28", "end": "00:19:33", "text": "dwindling."}, {"start": "00:19:30", "end": "00:19:35", "text": "You're telling me that you saw on a"}, {"start": "00:19:33", "end": "00:19:38", "text": "regular basis people were using these"}, {"start": "00:19:35", "end": "00:19:40", "text": "ATM machines"}, {"start": "00:19:38", "end": "00:19:43", "text": "putting money into crypto that was"}, {"start": "00:19:40", "end": "00:19:46", "text": "supposed to have been used for mortgage"}, {"start": "00:19:43", "end": "00:19:50", "text": "loans and community projects."}, {"start": "00:19:46", "end": "00:19:50", "text": "Am I missing something?"}, {"start": "00:19:51", "end": "00:19:55", "text": "I feel like sometimes like when I like"}, {"start": "00:19:53", "end": "00:19:57", "text": "go over news or when we're like when"}, {"start": "00:19:55", "end": "00:20:01", "text": "we're like I'm not going crazy, right?"}, {"start": "00:19:57", "end": "00:20:01", "text": "Like that's nonsense."}, {"start": "00:20:01", "end": "00:20:07", "text": "The adoption of this law makes marks a"}, {"start": "00:20:04", "end": "00:20:10", "text": "significant step for the state. Yet Ryan"}, {"start": "00:20:07", "end": "00:20:12", "text": "Smith of the Minnesota Credit Union"}, {"start": "00:20:10", "end": "00:20:15", "text": "Network stressed that the regulations"}, {"start": "00:20:12", "end": "00:20:17", "text": "alone are not sufficient. Additional"}, {"start": "00:20:15", "end": "00:20:19", "text": "federal requirements must be met,"}, {"start": "00:20:17", "end": "00:20:21", "text": "especially those targeting anti-money"}, {"start": "00:20:19", "end": "00:20:23", "text": "laundering, suspicious activity"}, {"start": "00:20:21", "end": "00:20:25", "text": "reporting, and customer verification"}, {"start": "00:20:23", "end": "00:20:26", "text": "standards."}, {"start": "00:20:25", "end": "00:20:28", "text": "You know, somebody can just take that"}, {"start": "00:20:26", "end": "00:20:31", "text": "300K and get into a car, right? and like"}, {"start": "00:20:28", "end": "00:20:33", "text": "just go somewhere."}, {"start": "00:20:31", "end": "00:20:36", "text": "What is this like weird fear-mongering"}, {"start": "00:20:33", "end": "00:20:38", "text": "of this idea that like"}, {"start": "00:20:36", "end": "00:20:40", "text": "crypto is the thing that people are"}, {"start": "00:20:38", "end": "00:20:42", "text": "using? Do you know the number one source"}, {"start": "00:20:40", "end": "00:20:45", "text": "of money laundering on the planet? I"}, {"start": "00:20:42", "end": "00:20:46", "text": "know some of you know it."}, {"start": "00:20:45", "end": "00:20:49", "text": "What's the number one source of money"}, {"start": "00:20:46", "end": "00:20:51", "text": "laundering on the planet?"}, {"start": "00:20:49", "end": "00:20:55", "text": "Not only is it paper currencies, it's"}, {"start": "00:20:51", "end": "00:20:57", "text": "the US dollar because it's most liquid."}, {"start": "00:20:55", "end": "00:21:00", "text": "That is the most common and I mean in"}, {"start": "00:20:57", "end": "00:21:04", "text": "paper form. That is the most common form"}, {"start": "00:21:00", "end": "00:21:07", "text": "of moneyaundering and and uh fraud"}, {"start": "00:21:04", "end": "00:21:10", "text": "and illegality on the planet around the"}, {"start": "00:21:07", "end": "00:21:12", "text": "world."}, {"start": "00:21:10", "end": "00:21:14", "text": "So you allow the banks to be able to do"}, {"start": "00:21:12", "end": "00:21:18", "text": "all of these things, but then you say,"}, {"start": "00:21:14", "end": "00:21:22", "text": "\"Okay, cool. Let's like why lie to us?"}, {"start": "00:21:18", "end": "00:21:24", "text": "It's so they said for banks and credit"}, {"start": "00:21:22", "end": "00:21:26", "text": "unions to provide these services they"}, {"start": "00:21:24", "end": "00:21:29", "text": "must strengthen their own internal"}, {"start": "00:21:26", "end": "00:21:31", "text": "controls and insurance systems. In this"}, {"start": "00:21:29", "end": "00:21:33", "text": "context, St. Cloud Financial Credit"}, {"start": "00:21:31", "end": "00:21:38", "text": "Union has arranged a new insurance model"}, {"start": "00:21:33", "end": "00:21:40", "text": "backed by Lloyds of London."}, {"start": "00:21:38", "end": "00:21:43", "text": "Anyway, I saw this news around and this"}, {"start": "00:21:40", "end": "00:21:46", "text": "is I guess a part two or part three if"}, {"start": "00:21:43", "end": "00:21:48", "text": "you didn't see. every two or literally"}, {"start": "00:21:46", "end": "00:21:51", "text": "every two or 3 weeks we're getting some"}, {"start": "00:21:48", "end": "00:21:53", "text": "kind of like country is banning Bitcoin"}, {"start": "00:21:51", "end": "00:21:57", "text": "ATM"}, {"start": "00:21:53", "end": "00:21:59", "text": "kind of news. And I don't know if it's"}, {"start": "00:21:57", "end": "00:22:02", "text": "supposed to show the public that like"}, {"start": "00:21:59", "end": "00:22:04", "text": "regulators are here"}, {"start": "00:22:02", "end": "00:22:07", "text": "or if it's meant to be some kind of like"}, {"start": "00:22:04", "end": "00:22:10", "text": "a thing we're supposed to be afraid of."}, {"start": "00:22:07", "end": "00:22:14", "text": "I truly don't know. But no one uses"}, {"start": "00:22:10", "end": "00:22:14", "text": "these machines."}, {"start": "00:22:14", "end": "00:22:21", "text": "Anyway, um that's the I want to say the"}, {"start": "00:22:18", "end": "00:22:23", "text": "nonsense news. I feel like there's so"}, {"start": "00:22:21", "end": "00:22:25", "text": "many other things. Like imagine putting"}, {"start": "00:22:23", "end": "00:22:29", "text": "all your time into making sure that you"}, {"start": "00:22:25", "end": "00:22:31", "text": "spend millions of dollars to campaign to"}, {"start": "00:22:29", "end": "00:22:34", "text": "get rid of cryptocurrency ATMs in your"}, {"start": "00:22:31", "end": "00:22:37", "text": "state when there are potholes"}, {"start": "00:22:34", "end": "00:22:39", "text": "there. Like there are signs missing."}, {"start": "00:22:37", "end": "00:22:42", "text": "the the the the the the street lights"}, {"start": "00:22:39", "end": "00:22:43", "text": "don't work. People going to food banks."}, {"start": "00:22:42", "end": "00:22:46", "text": "I I just feel like there are more"}, {"start": "00:22:43", "end": "00:22:49", "text": "important things to deal with"}, {"start": "00:22:46", "end": "00:22:52", "text": "when when gas is like five, six, seven,"}, {"start": "00:22:49", "end": "00:22:55", "text": "$8 in some states."}, {"start": "00:22:52", "end": "00:22:58", "text": "Okay,"}, {"start": "00:22:55", "end": "00:22:58", "text": "let's move on."}, {"start": "00:23:00", "end": "00:23:08", "text": "This one also is to be heavily expected"}, {"start": "00:23:04", "end": "00:23:11", "text": "as well. Um, tokenization is supposed to"}, {"start": "00:23:08", "end": "00:23:14", "text": "be taking over the world and I think"}, {"start": "00:23:11", "end": "00:23:16", "text": "that's just the way that things are"}, {"start": "00:23:14", "end": "00:23:19", "text": "going to be. I was just conversing with"}, {"start": "00:23:16", "end": "00:23:21", "text": "someone about this topic and the fact"}, {"start": "00:23:19", "end": "00:23:23", "text": "that"}, {"start": "00:23:21", "end": "00:23:25", "text": "uh"}, {"start": "00:23:23", "end": "00:23:28", "text": "long story short, people who hold assets"}, {"start": "00:23:25", "end": "00:23:30", "text": "are going to uh do extremely well in the"}, {"start": "00:23:28", "end": "00:23:34", "text": "future while everyone else isn't. uh"}, {"start": "00:23:30", "end": "00:23:36", "text": "this idea of like"}, {"start": "00:23:34", "end": "00:23:39", "text": "let's bring everything onchain is kind"}, {"start": "00:23:36", "end": "00:23:41", "text": "of I've already been and I dare use the"}, {"start": "00:23:39", "end": "00:23:45", "text": "word bullish on the cryptocurrency"}, {"start": "00:23:41", "end": "00:23:48", "text": "market's future but hearing that"}, {"start": "00:23:45", "end": "00:23:48", "text": "everyone"}, {"start": "00:23:48", "end": "00:23:54", "text": "the New York Stock Exchange the NASDAQ"}, {"start": "00:23:50", "end": "00:23:57", "text": "JP Morgan Fidelity Black Rockck everyone"}, {"start": "00:23:54", "end": "00:24:00", "text": "is into the idea of bringing every"}, {"start": "00:23:57", "end": "00:24:02", "text": "single asset on chain"}, {"start": "00:24:00", "end": "00:24:08", "text": "This just lets me know that crypto has a"}, {"start": "00:24:02", "end": "00:24:10", "text": "a long a long future uh ahead of it. So"}, {"start": "00:24:08", "end": "00:24:11", "text": "apparently once again this is the they"}, {"start": "00:24:10", "end": "00:24:13", "text": "didn't write this article correctly."}, {"start": "00:24:11", "end": "00:24:15", "text": "They're missing information at the very"}, {"start": "00:24:13", "end": "00:24:18", "text": "beginning but what have you. So"}, {"start": "00:24:15", "end": "00:24:21", "text": "apparently the German stock exchange,"}, {"start": "00:24:18", "end": "00:24:24", "text": "like the stock exchange of Germany, is"}, {"start": "00:24:21", "end": "00:24:27", "text": "looking to begin to try to bring"}, {"start": "00:24:24", "end": "00:24:31", "text": "together European uh companies to start"}, {"start": "00:24:27", "end": "00:24:36", "text": "tokenizing everything together, more or"}, {"start": "00:24:31", "end": "00:24:38", "text": "less. Uh so it says Centurion officials"}, {"start": "00:24:36", "end": "00:24:41", "text": "said the blockchainbased networks"}, {"start": "00:24:38", "end": "00:24:44", "text": "addresses Europe's fragmented posttrade"}, {"start": "00:24:41", "end": "00:24:47", "text": "environment by supporting public and"}, {"start": "00:24:44", "end": "00:24:49", "text": "private blockchains, reducing overall"}, {"start": "00:24:47", "end": "00:24:52", "text": "settlement costs and shortening"}, {"start": "00:24:49", "end": "00:24:55", "text": "transaction cycles. This has nothing to"}, {"start": "00:24:52", "end": "00:24:56", "text": "do with you. This has everything to do"}, {"start": "00:24:55", "end": "00:24:59", "text": "with these companies. That's why they're"}, {"start": "00:24:56", "end": "00:25:01", "text": "all pushing for tokenization. If this"}, {"start": "00:24:59", "end": "00:25:03", "text": "was great for us, this would not be a"}, {"start": "00:25:01", "end": "00:25:05", "text": "thing. the idea of settlement costs."}, {"start": "00:25:03", "end": "00:25:09", "text": "It's because right now they're paying"}, {"start": "00:25:05", "end": "00:25:12", "text": "huge fees to to either Swift or to this"}, {"start": "00:25:09", "end": "00:25:15", "text": "clearing house or to them. In many cases"}, {"start": "00:25:12", "end": "00:25:17", "text": "for like for banks, some banks and some"}, {"start": "00:25:15", "end": "00:25:20", "text": "clearing houses, they charge a"}, {"start": "00:25:17", "end": "00:25:22", "text": "percentage of the money that you're"}, {"start": "00:25:20", "end": "00:25:24", "text": "actually sending through. So there's a"}, {"start": "00:25:22", "end": "00:25:27", "text": "huge difference being charged half a"}, {"start": "00:25:24", "end": "00:25:29", "text": "percent or 1% for moving a billion"}, {"start": "00:25:27", "end": "00:25:32", "text": "dollars. That's a huge amount of money."}, {"start": "00:25:29", "end": "00:25:35", "text": "or sending it through Polygon, same"}, {"start": "00:25:32", "end": "00:25:37", "text": "billion dollars, and then you pay 1"}, {"start": "00:25:35", "end": "00:25:40", "text": "cent. That's what it is. It has nothing"}, {"start": "00:25:37", "end": "00:25:43", "text": "to do with reducing cost for us. It's"}, {"start": "00:25:40", "end": "00:25:44", "text": "reducing cost for them. The idea of"}, {"start": "00:25:43", "end": "00:25:46", "text": "transaction cycles is basically having"}, {"start": "00:25:44", "end": "00:25:48", "text": "everything neatly together for all of"}, {"start": "00:25:46", "end": "00:25:50", "text": "them because the"}, {"start": "00:25:48", "end": "00:25:53", "text": "current world of finance is incredibly"}, {"start": "00:25:50", "end": "00:25:56", "text": "fragmented. That's like the the weird"}, {"start": "00:25:53", "end": "00:25:58", "text": "part of all of this is this promise of"}, {"start": "00:25:56", "end": "00:26:00", "text": "everyone potentially doing all their"}, {"start": "00:25:58", "end": "00:26:03", "text": "business on top of 7 8 9 10 11 different"}, {"start": "00:26:00", "end": "00:26:07", "text": "chains. It consolidates a lot of wealth."}, {"start": "00:26:03", "end": "00:26:09", "text": "It makes things a lot easier to find if"}, {"start": "00:26:07", "end": "00:26:11", "text": "you actually will. But also for the"}, {"start": "00:26:09", "end": "00:26:13", "text": "people holding those coins, they also"}, {"start": "00:26:11", "end": "00:26:16", "text": "make out like bandits."}, {"start": "00:26:13", "end": "00:26:20", "text": "While the platform is built to handle"}, {"start": "00:26:16", "end": "00:26:21", "text": "all asset classes, tokenized structured"}, {"start": "00:26:20", "end": "00:26:25", "text": "securities will be the first to roll out"}, {"start": "00:26:21", "end": "00:26:27", "text": "due to their high transaction volumes."}, {"start": "00:26:25", "end": "00:26:29", "text": "Those are typically stocks. That's what"}, {"start": "00:26:27", "end": "00:26:32", "text": "we've been hearing. That's what Coinbase"}, {"start": "00:26:29", "end": "00:26:36", "text": "has. Coinbase and Robin Hood were the"}, {"start": "00:26:32", "end": "00:26:37", "text": "latest large names within finance to"}, {"start": "00:26:36", "end": "00:26:39", "text": "announce that they were tokenizing"}, {"start": "00:26:37", "end": "00:26:41", "text": "stuff. And it was mainly everyone's"}, {"start": "00:26:39", "end": "00:26:44", "text": "beginning with stocks. Stocks are the"}, {"start": "00:26:41", "end": "00:26:46", "text": "most liquid in this way. they move back"}, {"start": "00:26:44", "end": "00:26:49", "text": "and forth a lot quicker. And then it's"}, {"start": "00:26:46", "end": "00:26:51", "text": "meant to be treasury bills and bonds,"}, {"start": "00:26:49", "end": "00:26:54", "text": "which people tend to hold on to for"}, {"start": "00:26:51", "end": "00:26:56", "text": "longer. And then it's meant to be uh"}, {"start": "00:26:54", "end": "00:26:57", "text": "real estate. And then after that,"}, {"start": "00:26:56", "end": "00:27:01", "text": "literally every other asset. There"}, {"start": "00:26:57", "end": "00:27:04", "text": "already people who are um tokenizing the"}, {"start": "00:27:01", "end": "00:27:07", "text": "value of art and other things on chain"}, {"start": "00:27:04", "end": "00:27:10", "text": "as as well right now. So yeah,"}, {"start": "00:27:07", "end": "00:27:13", "text": "online brokerages are backing the shift"}, {"start": "00:27:10", "end": "00:27:16", "text": "towards digital ledgers to meet rising"}, {"start": "00:27:13", "end": "00:27:18", "text": "consumer demands for speed. Oliver"}, {"start": "00:27:16", "end": "00:27:22", "text": "Barren,"}, {"start": "00:27:18", "end": "00:27:26", "text": "CEO of what? What is that name? CEO of"}, {"start": "00:27:22", "end": "00:27:26", "text": "FlatX Dejiro."}, {"start": "00:27:27", "end": "00:27:36", "text": "The company is F L A T X D G I R O Flat"}, {"start": "00:27:33", "end": "00:27:39", "text": "Fladex. noted that execution, quality,"}, {"start": "00:27:36", "end": "00:27:41", "text": "and settlement efficiency are crucial in"}, {"start": "00:27:39", "end": "00:27:44", "text": "modern online brokerage, calling"}, {"start": "00:27:41", "end": "00:27:46", "text": "tokenization an area of enormous"}, {"start": "00:27:44", "end": "00:27:48", "text": "potential."}, {"start": "00:27:46", "end": "00:27:50", "text": "The initiative arrives as traditional"}, {"start": "00:27:48", "end": "00:27:53", "text": "financial institutions increasingly look"}, {"start": "00:27:50", "end": "00:27:56", "text": "to blockchain technology to upgrade"}, {"start": "00:27:53", "end": "00:27:58", "text": "legacy back office functions. John Mark"}, {"start": "00:27:56", "end": "00:28:01", "text": "Stanger,"}, {"start": "00:27:58", "end": "00:28:03", "text": "CEO of SG Forge, we spoke about them"}, {"start": "00:28:01", "end": "00:28:05", "text": "years ago, they got into crypto, said"}, {"start": "00:28:03", "end": "00:28:08", "text": "the collaboration acts as a bridge"}, {"start": "00:28:05", "end": "00:28:09", "text": "between the digital asset ecosystem and"}, {"start": "00:28:08", "end": "00:28:12", "text": "traditional finance, leveraging"}, {"start": "00:28:09", "end": "00:28:14", "text": "regulated stable coins to ensure secure"}, {"start": "00:28:12", "end": "00:28:17", "text": "onchain"}, {"start": "00:28:14", "end": "00:28:21", "text": "settlement. Wonderful. Can't wait for"}, {"start": "00:28:17", "end": "00:28:27", "text": "this to be a thing. Um, yeah. So the"}, {"start": "00:28:21", "end": "00:28:28", "text": "world is changing quite rapidly and I"}, {"start": "00:28:27", "end": "00:28:30", "text": "am"}, {"start": "00:28:28", "end": "00:28:33", "text": "desperately"}, {"start": "00:28:30", "end": "00:28:37", "text": "waiting to see where this is all going"}, {"start": "00:28:33", "end": "00:28:39", "text": "to lead. The idea of tokenization I"}, {"start": "00:28:37", "end": "00:28:42", "text": "think even two years ago seemed the"}, {"start": "00:28:39", "end": "00:28:44", "text": "word's not abstract but we just we just"}, {"start": "00:28:42", "end": "00:28:46", "text": "weren't like okay whatever. But now it"}, {"start": "00:28:44", "end": "00:28:48", "text": "seems like it's going to be everything."}, {"start": "00:28:46", "end": "00:28:52", "text": "And I wonder what finance is going to"}, {"start": "00:28:48", "end": "00:28:52", "text": "look like because imagine"}, {"start": "00:28:52", "end": "00:29:00", "text": "imagine everything is onchain."}, {"start": "00:28:56", "end": "00:29:03", "text": "Not some things like everything."}, {"start": "00:29:00", "end": "00:29:07", "text": "If if all of finance is on Ethereum and"}, {"start": "00:29:03", "end": "00:29:10", "text": "Polygon and Salana, etc. What does it do"}, {"start": "00:29:07", "end": "00:29:14", "text": "for the like the value of those chains?"}, {"start": "00:29:10", "end": "00:29:16", "text": "How high in price are the coins? And"}, {"start": "00:29:14", "end": "00:29:18", "text": "then like what does finance look like?"}, {"start": "00:29:16", "end": "00:29:20", "text": "So like for instance, like listen to"}, {"start": "00:29:18", "end": "00:29:22", "text": "this."}, {"start": "00:29:20", "end": "00:29:25", "text": "Imagine being able to like tokenize like"}, {"start": "00:29:22", "end": "00:29:27", "text": "a cruise ship like you're a company"}, {"start": "00:29:25", "end": "00:29:31", "text": "who's not doing that well and you know"}, {"start": "00:29:27", "end": "00:29:33", "text": "you have a big fleet of of boats. What"}, {"start": "00:29:31", "end": "00:29:36", "text": "if you like tokenized your cruise ship"}, {"start": "00:29:33", "end": "00:29:38", "text": "and you put 49% of it on chain? So"}, {"start": "00:29:36", "end": "00:29:41", "text": "imagine you and I are then able to buy"}, {"start": "00:29:38", "end": "00:29:44", "text": "like fractionalized pieces"}, {"start": "00:29:41", "end": "00:29:47", "text": "of that cruise ship"}, {"start": "00:29:44", "end": "00:29:49", "text": "and then we start receiving like literal"}, {"start": "00:29:47", "end": "00:29:50", "text": "like money and income from every single"}, {"start": "00:29:49", "end": "00:29:53", "text": "time that people are like actually on"}, {"start": "00:29:50", "end": "00:29:55", "text": "the boat."}, {"start": "00:29:53", "end": "00:29:57", "text": "This is like this is the idea of like"}, {"start": "00:29:55", "end": "00:30:00", "text": "they want everything on chain. They want"}, {"start": "00:29:57", "end": "00:30:03", "text": "all forms of finance there. So doesn't"}, {"start": "00:30:00", "end": "00:30:06", "text": "sound too far-fetched but yeah. So"}, {"start": "00:30:03", "end": "00:30:10", "text": "basically uh one of uh France's largest"}, {"start": "00:30:06", "end": "00:30:12", "text": "banks associate general and the German"}, {"start": "00:30:10", "end": "00:30:16", "text": "stock exchange are now working to begin"}, {"start": "00:30:12", "end": "00:30:18", "text": "to tokenize stuff. I have a"}, {"start": "00:30:16", "end": "00:30:19", "text": "strange inkling"}, {"start": "00:30:18", "end": "00:30:22", "text": "what's probably going to end up"}, {"start": "00:30:19", "end": "00:30:24", "text": "happening is as I've this this is one of"}, {"start": "00:30:22", "end": "00:30:25", "text": "my predictions. I think a lot of these"}, {"start": "00:30:24", "end": "00:30:28", "text": "companies are going to begin to make"}, {"start": "00:30:25", "end": "00:30:30", "text": "their own blockchain similar to JP"}, {"start": "00:30:28", "end": "00:30:32", "text": "Morgan a number of years ago. they're"}, {"start": "00:30:30", "end": "00:30:34", "text": "gonna figure out just how inoperable"}, {"start": "00:30:32", "end": "00:30:36", "text": "these things like they're just not going"}, {"start": "00:30:34", "end": "00:30:39", "text": "to work together if you have 95"}, {"start": "00:30:36", "end": "00:30:41", "text": "different chains. So, this is why I'm"}, {"start": "00:30:39", "end": "00:30:43", "text": "waiting to see exactly"}, {"start": "00:30:41", "end": "00:30:45", "text": "what public chains they're going to"}, {"start": "00:30:43", "end": "00:30:47", "text": "eventually end up using. Banks don't"}, {"start": "00:30:45", "end": "00:30:49", "text": "want to relinquish"}, {"start": "00:30:47", "end": "00:30:51", "text": "anything to these actual chains or to"}, {"start": "00:30:49", "end": "00:30:54", "text": "anyone else except for within their own"}, {"start": "00:30:51", "end": "00:30:55", "text": "internal systems. But, we'll see what"}, {"start": "00:30:54", "end": "00:30:57", "text": "happens because it's not going to work"}, {"start": "00:30:55", "end": "00:30:58", "text": "otherwise. You can't just digitize stuff"}, {"start": "00:30:57", "end": "00:30:59", "text": "and expect everyone to jump on your"}, {"start": "00:30:58", "end": "00:31:01", "text": "chain because that's a whole different"}, {"start": "00:30:59", "end": "00:31:04", "text": "ecosystem than they're than what they're"}, {"start": "00:31:01", "end": "00:31:05", "text": "currently working in. So"}, {"start": "00:31:04", "end": "00:31:07", "text": "cool."}, {"start": "00:31:05", "end": "00:31:10", "text": "That's the"}, {"start": "00:31:07", "end": "00:31:13", "text": "bank news."}, {"start": "00:31:10", "end": "00:31:14", "text": "I do hope that you've all enjoyed."}, {"start": "00:31:13", "end": "00:31:18", "text": "I do hope that you all are having a"}, {"start": "00:31:14", "end": "00:31:20", "text": "great day, a great morning, great"}, {"start": "00:31:18", "end": "00:31:21", "text": "afternoon, evening, wherever you are,"}, {"start": "00:31:20", "end": "00:31:25", "text": "wherever you might be. I do hope that it"}, {"start": "00:31:21", "end": "00:31:27", "text": "is absolutely fantastic. Thank you all,"}, {"start": "00:31:25", "end": "00:31:29", "text": "every single one of you once again for"}, {"start": "00:31:27", "end": "00:31:32", "text": "watching, listening, liking, commenting,"}, {"start": "00:31:29", "end": "00:31:37", "text": "and supporting. And I will most"}, {"start": "00:31:32", "end": "00:31:40", "text": "certainly be talking to you all soon."}, {"start": "00:31:37", "end": "00:31:40", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:11", "text": "Welcome back back back back for another"}, {"start": "00:00:09", "end": "00:00:14", "text": "video."}, {"start": "00:00:11", "end": "00:00:16", "text": "Hope you're all doing well. How's"}, {"start": "00:00:14", "end": "00:00:19", "text": "everyone out there doing?"}, {"start": "00:00:16", "end": "00:00:21", "text": "Hope well. Hope you're all remembering"}, {"start": "00:00:19", "end": "00:00:26", "text": "to invest."}, {"start": "00:00:21", "end": "00:00:28", "text": "It is very important. You got to invest"}, {"start": "00:00:26", "end": "00:00:31", "text": "all the time. Like you literally need"}, {"start": "00:00:28", "end": "00:00:35", "text": "to. No one else is going to do it for"}, {"start": "00:00:31", "end": "00:00:39", "text": "you. Don't forget to follow my other"}, {"start": "00:00:35", "end": "00:00:42", "text": "YouTube channel called Money Rules."}, {"start": "00:00:39", "end": "00:00:44", "text": "There's a link in the description below"}, {"start": "00:00:42", "end": "00:00:47", "text": "the video."}, {"start": "00:00:44", "end": "00:00:50", "text": "Oh crap crap crap hold on crap hold on."}, {"start": "00:00:47", "end": "00:00:54", "text": "Very ah nailed it. Very big thank you to"}, {"start": "00:00:50", "end": "00:00:56", "text": "my Patreon supporters. Finley Bass"}, {"start": "00:00:54", "end": "00:00:59", "text": "Gil Boa Snake"}, {"start": "00:00:56", "end": "00:01:01", "text": "and Trent Jackson."}, {"start": "00:00:59", "end": "00:01:03", "text": "Thank you very much for your support."}, {"start": "00:01:01", "end": "00:01:05", "text": "See, I didn't forget this time. So that"}, {"start": "00:01:03", "end": "00:01:08", "text": "means I'm cool."}, {"start": "00:01:05", "end": "00:01:12", "text": "And without any further ado"}, {"start": "00:01:08", "end": "00:01:15", "text": "let's jump right into it."}, {"start": "00:01:12", "end": "00:01:19", "text": "The weeks whittle away and we move ever"}, {"start": "00:01:15", "end": "00:01:22", "text": "closer to figuring out hopefully what"}, {"start": "00:01:19", "end": "00:01:27", "text": "the heck is happening with this market."}, {"start": "00:01:22", "end": "00:01:31", "text": "As optimism begins to climb further"}, {"start": "00:01:27", "end": "00:01:34", "text": "towards interest rate cuts and signings"}, {"start": "00:01:31", "end": "00:01:39", "text": "of clarity bills"}, {"start": "00:01:34", "end": "00:01:42", "text": "it would appear that now more than ever"}, {"start": "00:01:39", "end": "00:01:46", "text": "companies and institutions are"}, {"start": "00:01:42", "end": "00:01:49", "text": "dare I say the words secretly"}, {"start": "00:01:46", "end": "00:01:52", "text": "buying more cryptocurrencies than ever."}, {"start": "00:01:49", "end": "00:01:55", "text": "We've had news recently about large"}, {"start": "00:01:52", "end": "00:01:56", "text": "banks buying up crypto. We had something"}, {"start": "00:01:55", "end": "00:01:59", "text": "yesterday"}, {"start": "00:01:56", "end": "00:02:02", "text": "about the largest"}, {"start": "00:01:59", "end": "00:02:05", "text": "largest bank in Italy."}, {"start": "00:02:02", "end": "00:02:07", "text": "They have over a a quarter of a million"}, {"start": "00:02:05", "end": "00:02:10", "text": "US dollar No, no, sorry, sorry, sorry,"}, {"start": "00:02:07", "end": "00:02:12", "text": "sorry, sorry. Quarter of a billion."}, {"start": "00:02:10", "end": "00:02:14", "text": "There we go."}, {"start": "00:02:12", "end": "00:02:16", "text": "Quarter of a billion"}, {"start": "00:02:14", "end": "00:02:19", "text": "US dollars in crypto. They increased"}, {"start": "00:02:16", "end": "00:02:21", "text": "their position by another 100 million"}, {"start": "00:02:19", "end": "00:02:23", "text": "dollars"}, {"start": "00:02:21", "end": "00:02:25", "text": "since December"}, {"start": "00:02:23", "end": "00:02:28", "text": "of last year."}, {"start": "00:02:25", "end": "00:02:30", "text": "Everyone's accumulating for a reason."}, {"start": "00:02:28", "end": "00:02:33", "text": "They're"}, {"start": "00:02:30", "end": "00:02:35", "text": "I like to"}, {"start": "00:02:33", "end": "00:02:39", "text": "understand that"}, {"start": "00:02:35", "end": "00:02:41", "text": "this purchasing is happening before the"}, {"start": "00:02:39", "end": "00:02:42", "text": "wider public figures out what's going"}, {"start": "00:02:41", "end": "00:02:46", "text": "on."}, {"start": "00:02:42", "end": "00:02:48", "text": "How we still are in this situation"}, {"start": "00:02:46", "end": "00:02:50", "text": "where um"}, {"start": "00:02:48", "end": "00:02:53", "text": "they're just buying up all the crypto"}, {"start": "00:02:50", "end": "00:02:55", "text": "and people aren't paying attention."}, {"start": "00:02:53", "end": "00:02:59", "text": "I um"}, {"start": "00:02:55", "end": "00:02:59", "text": "I don't understand it. So,"}, {"start": "00:02:59", "end": "00:03:04", "text": "in quite"}, {"start": "00:03:01", "end": "00:03:08", "text": "popular news,"}, {"start": "00:03:04", "end": "00:03:11", "text": "it says Wall Street is quietly"}, {"start": "00:03:08", "end": "00:03:14", "text": "accumulating Bitcoin."}, {"start": "00:03:11", "end": "00:03:16", "text": "This is according to Bloomberg ETF"}, {"start": "00:03:14", "end": "00:03:20", "text": "analyst. His name is James Seyffart. We"}, {"start": "00:03:16", "end": "00:03:22", "text": "hear about him every 2 weeks or so. He's"}, {"start": "00:03:20", "end": "00:03:24", "text": "a popular analyst at Bloomberg and"}, {"start": "00:03:22", "end": "00:03:26", "text": "there's another popular analyst at"}, {"start": "00:03:24", "end": "00:03:28", "text": "Fidelity"}, {"start": "00:03:26", "end": "00:03:32", "text": "that we hear about quite often."}, {"start": "00:03:28", "end": "00:03:35", "text": "Speaking on the New Era Finance podcast,"}, {"start": "00:03:32", "end": "00:03:38", "text": "Seyffart noted that the first quarter of"}, {"start": "00:03:35", "end": "00:03:40", "text": "this year was the most successful in"}, {"start": "00:03:38", "end": "00:03:43", "text": "crypto history."}, {"start": "00:03:40", "end": "00:03:47", "text": "Driven largely by strong demand for spot"}, {"start": "00:03:43", "end": "00:03:49", "text": "Bitcoin exchange-traded funds"}, {"start": "00:03:47", "end": "00:03:52", "text": "from asset managers."}, {"start": "00:03:49", "end": "00:03:55", "text": "Despite sluggish"}, {"start": "00:03:52", "end": "00:03:57", "text": "price for Bitcoin. Institutional"}, {"start": "00:03:55", "end": "00:04:00", "text": "interest has remained steady"}, {"start": "00:03:57", "end": "00:04:03", "text": "signaling a shift in market leadership"}, {"start": "00:04:00", "end": "00:04:06", "text": "away from retail investors."}, {"start": "00:04:03", "end": "00:04:09", "text": "I told you that a couple days ago."}, {"start": "00:04:06", "end": "00:04:10", "text": "This is obviously all planned in in some"}, {"start": "00:04:09", "end": "00:04:10", "text": "sort of way."}, {"start": "00:04:10", "end": "00:04:14", "text": ">> [snorts]"}, {"start": "00:04:10", "end": "00:04:16", "text": ">> And we are currently, you and I,"}, {"start": "00:04:14", "end": "00:04:20", "text": "we are in the midst"}, {"start": "00:04:16", "end": "00:04:24", "text": "of what is going to be known as some of"}, {"start": "00:04:20", "end": "00:04:24", "text": "the most sophisticated"}, {"start": "00:04:24", "end": "00:04:29", "text": "levels of"}, {"start": "00:04:26", "end": "00:04:32", "text": "manipulation for prices that the world"}, {"start": "00:04:29", "end": "00:04:36", "text": "has ever seen."}, {"start": "00:04:32", "end": "00:04:38", "text": "It is weird at any point to be anywhere"}, {"start": "00:04:36", "end": "00:04:41", "text": "near"}, {"start": "00:04:38", "end": "00:04:45", "text": "anywhere near Bitcoin's previous"}, {"start": "00:04:41", "end": "00:04:45", "text": "all-time high of 2021"}, {"start": "00:04:45", "end": "00:04:53", "text": "when there are over 24 banks that we"}, {"start": "00:04:50", "end": "00:04:54", "text": "that you and I, yes, us, that we know"}, {"start": "00:04:53", "end": "00:04:57", "text": "about"}, {"start": "00:04:54", "end": "00:05:01", "text": "that are each holding hundreds of"}, {"start": "00:04:57", "end": "00:05:04", "text": "millions of dollars worth of Bitcoin and"}, {"start": "00:05:01", "end": "00:05:06", "text": "crypto that they weren't holding 2 years"}, {"start": "00:05:04", "end": "00:05:08", "text": "ago."}, {"start": "00:05:06", "end": "00:05:11", "text": "So, you mean to tell me"}, {"start": "00:05:08", "end": "00:05:14", "text": "that we have two companies who are very"}, {"start": "00:05:11", "end": "00:05:17", "text": "close to a million"}, {"start": "00:05:14", "end": "00:05:19", "text": "Bitcoin each. They will total over 2"}, {"start": "00:05:17", "end": "00:05:22", "text": "million Bitcoin together."}, {"start": "00:05:19", "end": "00:05:25", "text": "Banks, companies, institutions around"}, {"start": "00:05:22", "end": "00:05:27", "text": "the world have absorbed"}, {"start": "00:05:25", "end": "00:05:30", "text": "millions"}, {"start": "00:05:27", "end": "00:05:32", "text": "of Bitcoin"}, {"start": "00:05:30", "end": "00:05:35", "text": "in a"}, {"start": "00:05:32", "end": "00:05:40", "text": "30-month period"}, {"start": "00:05:35", "end": "00:05:43", "text": "and we are still not above $200,000."}, {"start": "00:05:40", "end": "00:05:45", "text": "I saw a documentary one time about Wall"}, {"start": "00:05:43", "end": "00:05:47", "text": "Street and finance"}, {"start": "00:05:45", "end": "00:05:50", "text": "and they were going over how like these"}, {"start": "00:05:47", "end": "00:05:52", "text": "like these big these big companies work."}, {"start": "00:05:50", "end": "00:05:55", "text": "I I I I don't I don't know if one of"}, {"start": "00:05:52", "end": "00:05:55", "text": "them was Jane Street. I don't remember."}, {"start": "00:05:55", "end": "00:05:57", "text": ">> [snorts]"}, {"start": "00:05:55", "end": "00:06:00", "text": ">> But they were discussing like"}, {"start": "00:05:57", "end": "00:06:05", "text": "these companies have such sophisticated"}, {"start": "00:06:00", "end": "00:06:07", "text": "tools that you and I can't even begin to"}, {"start": "00:06:05", "end": "00:06:09", "text": "kind of under- like that we will never"}, {"start": "00:06:07", "end": "00:06:11", "text": "like it is completely out of reach."}, {"start": "00:06:09", "end": "00:06:11", "text": "They were showing"}, {"start": "00:06:11", "end": "00:06:13", "text": "um"}, {"start": "00:06:11", "end": "00:06:15", "text": "part of the segment of the documentary"}, {"start": "00:06:13", "end": "00:06:17", "text": "had to do with day traders."}, {"start": "00:06:15", "end": "00:06:19", "text": "And they were showing these guys they"}, {"start": "00:06:17", "end": "00:06:20", "text": "have like you know seven screens on"}, {"start": "00:06:19", "end": "00:06:22", "text": "their desk and they're they're they're"}, {"start": "00:06:20", "end": "00:06:24", "text": "looking at all of them and they're"}, {"start": "00:06:22", "end": "00:06:26", "text": "trying to figure out when to buy, when"}, {"start": "00:06:24", "end": "00:06:28", "text": "to sell and they're doing this so and so"}, {"start": "00:06:26", "end": "00:06:30", "text": "and after like a good 15 minutes they"}, {"start": "00:06:28", "end": "00:06:32", "text": "finally make a move. They they sell"}, {"start": "00:06:30", "end": "00:06:34", "text": "their position, the price goes down a"}, {"start": "00:06:32", "end": "00:06:38", "text": "bit, they buy back in and they they"}, {"start": "00:06:34", "end": "00:06:39", "text": "ended up making you know 7,000, 10,000"}, {"start": "00:06:38", "end": "00:06:41", "text": "dollars."}, {"start": "00:06:39", "end": "00:06:42", "text": "That's a that's a huge amount of money"}, {"start": "00:06:41", "end": "00:06:44", "text": "for one day."}, {"start": "00:06:42", "end": "00:06:46", "text": "And the documentary was showing how like"}, {"start": "00:06:44", "end": "00:06:48", "text": "day trading amongst humans is of course"}, {"start": "00:06:46", "end": "00:06:51", "text": "still a thing."}, {"start": "00:06:48", "end": "00:06:52", "text": "But they were showing like"}, {"start": "00:06:51", "end": "00:06:54", "text": "and"}, {"start": "00:06:52", "end": "00:06:56", "text": "it's not even like called AI at that"}, {"start": "00:06:54", "end": "00:06:58", "text": "point. They were using like bots. People"}, {"start": "00:06:56", "end": "00:07:03", "text": "have had bots for years."}, {"start": "00:06:58", "end": "00:07:05", "text": "But their bots are so fine tuned"}, {"start": "00:07:03", "end": "00:07:08", "text": "that they know the information before"}, {"start": "00:07:05", "end": "00:07:10", "text": "the humans can even pick up on it."}, {"start": "00:07:08", "end": "00:07:13", "text": "So they literally if if you've never"}, {"start": "00:07:10", "end": "00:07:14", "text": "seen uh BlackRock has a"}, {"start": "00:07:13", "end": "00:07:17", "text": "um"}, {"start": "00:07:14", "end": "00:07:20", "text": "uh their own sophisticated tool it's"}, {"start": "00:07:17", "end": "00:07:23", "text": "called Aladdin. Aladdin is the reason"}, {"start": "00:07:20", "end": "00:07:25", "text": "why in 2020"}, {"start": "00:07:23", "end": "00:07:28", "text": "I think it was 2020 why corporate"}, {"start": "00:07:25", "end": "00:07:29", "text": "landlords like began to buy tons of real"}, {"start": "00:07:28", "end": "00:07:31", "text": "estate."}, {"start": "00:07:29", "end": "00:07:32", "text": "It was because Aladdin literally"}, {"start": "00:07:31", "end": "00:07:35", "text": "signaled to all of them that the that"}, {"start": "00:07:32", "end": "00:07:36", "text": "the undervalued asset"}, {"start": "00:07:35", "end": "00:07:39", "text": "that Wall Street could get complete"}, {"start": "00:07:36", "end": "00:07:41", "text": "control of was now real estate. Like"}, {"start": "00:07:39", "end": "00:07:44", "text": "now's the time jump into it. And then"}, {"start": "00:07:41", "end": "00:07:45", "text": "you saw everyone jump into it."}, {"start": "00:07:44", "end": "00:07:47", "text": "So they were showing"}, {"start": "00:07:45", "end": "00:07:49", "text": "how quick these bots can actually be"}, {"start": "00:07:47", "end": "00:07:51", "text": "because it's not like as a company, you"}, {"start": "00:07:49", "end": "00:07:53", "text": "don't have one bot. You might have"}, {"start": "00:07:51", "end": "00:07:55", "text": "hundreds or thousands of them."}, {"start": "00:07:53", "end": "00:07:57", "text": "So let's say"}, {"start": "00:07:55", "end": "00:07:57", "text": "um"}, {"start": "00:07:58", "end": "00:08:01", "text": "some country's planning on doing"}, {"start": "00:07:59", "end": "00:08:03", "text": "something with crypto."}, {"start": "00:08:01", "end": "00:08:04", "text": "And you and I are waiting with with with"}, {"start": "00:08:03", "end": "00:08:07", "text": "baited breath."}, {"start": "00:08:04", "end": "00:08:09", "text": "The news ends up coming out that said"}, {"start": "00:08:07", "end": "00:08:13", "text": "event is going to take place, but it's"}, {"start": "00:08:09", "end": "00:08:15", "text": "going to happen on the 42nd of June or"}, {"start": "00:08:13", "end": "00:08:17", "text": "something like that. We have to read"}, {"start": "00:08:15", "end": "00:08:19", "text": "through the entire article. We have to"}, {"start": "00:08:17", "end": "00:08:21", "text": "absorb what it means. We have to decide"}, {"start": "00:08:19", "end": "00:08:23", "text": "what other investors around the world"}, {"start": "00:08:21", "end": "00:08:24", "text": "are thinking. Are they going to buy into"}, {"start": "00:08:23", "end": "00:08:25", "text": "it? Are they going to sell their"}, {"start": "00:08:24", "end": "00:08:28", "text": "positions?"}, {"start": "00:08:25", "end": "00:08:30", "text": "Over the course of those 8 minutes"}, {"start": "00:08:28", "end": "00:08:35", "text": "of us trying to decide"}, {"start": "00:08:30", "end": "00:08:38", "text": "the first 3 seconds"}, {"start": "00:08:35", "end": "00:08:40", "text": "their bots have traded thousands of"}, {"start": "00:08:38", "end": "00:08:43", "text": "times already."}, {"start": "00:08:40", "end": "00:08:45", "text": "The bots are able to read the articles"}, {"start": "00:08:43", "end": "00:08:47", "text": "instantaneously"}, {"start": "00:08:45", "end": "00:08:49", "text": "and basically move around that money so"}, {"start": "00:08:47", "end": "00:08:52", "text": "quick"}, {"start": "00:08:49", "end": "00:08:54", "text": "that literally while we are sleeping or"}, {"start": "00:08:52", "end": "00:08:57", "text": "the other people are sleeping, there's"}, {"start": "00:08:54", "end": "00:08:59", "text": "money being made constantly so that the"}, {"start": "00:08:57", "end": "00:09:01", "text": "company itself ends up making hundreds"}, {"start": "00:08:59", "end": "00:09:03", "text": "of thousands if not millions of dollars"}, {"start": "00:09:01", "end": "00:09:06", "text": "within those couple of seconds."}, {"start": "00:09:03", "end": "00:09:08", "text": "While everyone else is just waking up"}, {"start": "00:09:06", "end": "00:09:10", "text": "and figuring out how to decipher the"}, {"start": "00:09:08", "end": "00:09:13", "text": "actual article."}, {"start": "00:09:10", "end": "00:09:14", "text": "So as cryptocurrencies"}, {"start": "00:09:13", "end": "00:09:18", "text": "have much lower market caps in the"}, {"start": "00:09:14", "end": "00:09:20", "text": "entirety of of the world stock markets"}, {"start": "00:09:18", "end": "00:09:24", "text": "and we're seeing more and more of a"}, {"start": "00:09:20", "end": "00:09:25", "text": "consolidation of wealth on one side"}, {"start": "00:09:24", "end": "00:09:27", "text": "these people are buying up all the"}, {"start": "00:09:25", "end": "00:09:28", "text": "crypto."}, {"start": "00:09:27", "end": "00:09:32", "text": "The more you have, the more you control,"}, {"start": "00:09:28", "end": "00:09:34", "text": "the easier it is to control within the"}, {"start": "00:09:32", "end": "00:09:35", "text": "market. If you have all the ETH and"}, {"start": "00:09:34", "end": "00:09:37", "text": "you're staking all the ETH, the"}, {"start": "00:09:35", "end": "00:09:38", "text": "remaining ETH that's out there you can"}, {"start": "00:09:37", "end": "00:09:40", "text": "you can play around with it. You can"}, {"start": "00:09:38", "end": "00:09:42", "text": "make sure that on any individual day,"}, {"start": "00:09:40", "end": "00:09:44", "text": "you can lower prices. You can raise"}, {"start": "00:09:42", "end": "00:09:47", "text": "prices. You can do what you need to"}, {"start": "00:09:44", "end": "00:09:51", "text": "accumulate more. This is like"}, {"start": "00:09:47", "end": "00:09:53", "text": "high-level. Like we we can't even figure"}, {"start": "00:09:51", "end": "00:09:56", "text": "out what's going on."}, {"start": "00:09:53", "end": "00:09:59", "text": "And through all of this,"}, {"start": "00:09:56", "end": "00:10:02", "text": "the last 2 and 1/2 years, we have had"}, {"start": "00:09:59", "end": "00:10:04", "text": "gargantuan amounts of news about buying"}, {"start": "00:10:02", "end": "00:10:05", "text": "and accumulating."}, {"start": "00:10:04", "end": "00:10:06", "text": "And And And And And And And And And And"}, {"start": "00:10:05", "end": "00:10:07", "text": "And And And And And And And And And And"}, {"start": "00:10:06", "end": "00:10:09", "text": "And And And And And And And And"}, {"start": "00:10:07", "end": "00:10:12", "text": "Years ago, we had similar stuff to this"}, {"start": "00:10:09", "end": "00:10:14", "text": "as well. So, I mean, lightly similar"}, {"start": "00:10:12", "end": "00:10:15", "text": "with people putting coins on exchanges,"}, {"start": "00:10:14", "end": "00:10:18", "text": "the price would drop, they would take"}, {"start": "00:10:15", "end": "00:10:19", "text": "the coins off, that kind of nonsense."}, {"start": "00:10:18", "end": "00:10:23", "text": "And I remember seeing like the"}, {"start": "00:10:19", "end": "00:10:25", "text": "cryptocurrency price, this is personal,"}, {"start": "00:10:23", "end": "00:10:27", "text": "the cryptocurrency prices going lower,"}, {"start": "00:10:25", "end": "00:10:29", "text": "and people being like, \"Sell, sell,"}, {"start": "00:10:27", "end": "00:10:31", "text": "sell.\" cuz everyone was panicked."}, {"start": "00:10:29", "end": "00:10:33", "text": "And I remember being like,"}, {"start": "00:10:31", "end": "00:10:35", "text": "\"Nah, I feel like something is up. Like"}, {"start": "00:10:33", "end": "00:10:37", "text": "I feel like we're going to hit those old"}, {"start": "00:10:35", "end": "00:10:39", "text": "prices again.\""}, {"start": "00:10:37", "end": "00:10:40", "text": "And then the prices go back up, and then"}, {"start": "00:10:39", "end": "00:10:42", "text": "people begin to panic because they, for"}, {"start": "00:10:40", "end": "00:10:44", "text": "some reason, sold off their position."}, {"start": "00:10:42", "end": "00:10:48", "text": "One of my main things when it comes to"}, {"start": "00:10:44", "end": "00:10:50", "text": "assets is just buy and hold."}, {"start": "00:10:48", "end": "00:10:51", "text": "That's just my generalized"}, {"start": "00:10:50", "end": "00:10:55", "text": "uh"}, {"start": "00:10:51", "end": "00:10:57", "text": "philosophy, but yeah. So, Saylor points"}, {"start": "00:10:55", "end": "00:10:59", "text": "it out"}, {"start": "00:10:57", "end": "00:11:01", "text": "that since the launch of spot Bitcoin"}, {"start": "00:10:59", "end": "00:11:03", "text": "ETFs,"}, {"start": "00:11:01", "end": "00:11:06", "text": "MicroStrategy has continued to buy"}, {"start": "00:11:03", "end": "00:11:08", "text": "Bitcoin while retail investors have been"}, {"start": "00:11:06", "end": "00:11:11", "text": "selling."}, {"start": "00:11:08", "end": "00:11:13", "text": "This divergence suggests that"}, {"start": "00:11:11", "end": "00:11:15", "text": "institutions are increasingly taking"}, {"start": "00:11:13", "end": "00:11:17", "text": "control of the market. They are very"}, {"start": "00:11:15", "end": "00:11:20", "text": "close."}, {"start": "00:11:17", "end": "00:11:23", "text": "Do you understand what"}, {"start": "00:11:20", "end": "00:11:24", "text": "what it means when you have control over"}, {"start": "00:11:23", "end": "00:11:26", "text": "a market?"}, {"start": "00:11:24", "end": "00:11:29", "text": "You dominate it. There's no reason for"}, {"start": "00:11:26", "end": "00:11:30", "text": "you to relinquish it."}, {"start": "00:11:29", "end": "00:11:33", "text": "If Bitcoin's going to be the new way"}, {"start": "00:11:30", "end": "00:11:34", "text": "that we send money around the world. If"}, {"start": "00:11:33", "end": "00:11:36", "text": "Ethereum is going to be the platform"}, {"start": "00:11:34", "end": "00:11:38", "text": "where people send money around the"}, {"start": "00:11:36", "end": "00:11:39", "text": "world. If XRP is going to be the place"}, {"start": "00:11:38", "end": "00:11:41", "text": "where"}, {"start": "00:11:39", "end": "00:11:43", "text": "around the world"}, {"start": "00:11:41", "end": "00:11:47", "text": "and they own all of it"}, {"start": "00:11:43", "end": "00:11:49", "text": "and all they have to do is stake it."}, {"start": "00:11:47", "end": "00:11:52", "text": "These people have no reason to get rid"}, {"start": "00:11:49", "end": "00:11:54", "text": "of their crypto ever."}, {"start": "00:11:52", "end": "00:11:55", "text": "So, you make sure that everyone else"}, {"start": "00:11:54", "end": "00:11:57", "text": "gets annoyed with the market. People"}, {"start": "00:11:55", "end": "00:11:59", "text": "don't care about the market. People sell"}, {"start": "00:11:57", "end": "00:12:01", "text": "into the market and these people"}, {"start": "00:11:59", "end": "00:12:03", "text": "accumulate"}, {"start": "00:12:01", "end": "00:12:06", "text": "everything."}, {"start": "00:12:03", "end": "00:12:07", "text": "By the time friend friend friend, yes"}, {"start": "00:12:06", "end": "00:12:11", "text": "you."}, {"start": "00:12:07", "end": "00:12:12", "text": "By the time we get to 2035"}, {"start": "00:12:11", "end": "00:12:16", "text": "Wall Street"}, {"start": "00:12:12", "end": "00:12:18", "text": "family offices, BlackRock"}, {"start": "00:12:16", "end": "00:12:19", "text": "they're going to own all the real"}, {"start": "00:12:18", "end": "00:12:23", "text": "estate."}, {"start": "00:12:19", "end": "00:12:25", "text": "That is a mathematical fact."}, {"start": "00:12:23", "end": "00:12:28", "text": "They're going to own all the land. Did"}, {"start": "00:12:25", "end": "00:12:30", "text": "you ever get a chance to Google? And"}, {"start": "00:12:28", "end": "00:12:32", "text": "this is an old map, so I assume it's"}, {"start": "00:12:30", "end": "00:12:34", "text": "it's it's it's it's grown quite"}, {"start": "00:12:32", "end": "00:12:36", "text": "intensely."}, {"start": "00:12:34", "end": "00:12:39", "text": "You can Google"}, {"start": "00:12:36", "end": "00:12:41", "text": "how much farmland,"}, {"start": "00:12:39", "end": "00:12:43", "text": "yeah, it's definitely farmland"}, {"start": "00:12:41", "end": "00:12:46", "text": "does does"}, {"start": "00:12:43", "end": "00:12:48", "text": "does Bill Gates own?"}, {"start": "00:12:46", "end": "00:12:51", "text": "You are going to be shooketh"}, {"start": "00:12:48", "end": "00:12:53", "text": "when you see and once again, people were"}, {"start": "00:12:51", "end": "00:12:56", "text": "focusing so heavily three or four years"}, {"start": "00:12:53", "end": "00:12:58", "text": "ago on this map because it revolved"}, {"start": "00:12:56", "end": "00:12:59", "text": "around Bill Gates."}, {"start": "00:12:58", "end": "00:13:00", "text": "And I was like, what you're all missing"}, {"start": "00:12:59", "end": "00:13:04", "text": "is"}, {"start": "00:13:00", "end": "00:13:04", "text": "he's not the only one doing it."}, {"start": "00:13:04", "end": "00:13:09", "text": "So, a lot of times"}, {"start": "00:13:07", "end": "00:13:11", "text": "we'll get news that BlackRock is doing"}, {"start": "00:13:09", "end": "00:13:14", "text": "something and that becomes"}, {"start": "00:13:11", "end": "00:13:16", "text": "the the the the figure of what's"}, {"start": "00:13:14", "end": "00:13:18", "text": "happening in crypto."}, {"start": "00:13:16", "end": "00:13:20", "text": "And I'm like, BlackRock isn't the only"}, {"start": "00:13:18", "end": "00:13:22", "text": "company."}, {"start": "00:13:20", "end": "00:13:24", "text": "There are tons of people and"}, {"start": "00:13:22", "end": "00:13:27", "text": "institutions within this space who are"}, {"start": "00:13:24", "end": "00:13:28", "text": "they may be following their lead"}, {"start": "00:13:27", "end": "00:13:30", "text": "but they're also buying up tons of"}, {"start": "00:13:28", "end": "00:13:33", "text": "crypto."}, {"start": "00:13:30", "end": "00:13:37", "text": "If BlackRock's Aladdin"}, {"start": "00:13:33", "end": "00:13:40", "text": "told people in 2020,"}, {"start": "00:13:37", "end": "00:13:42", "text": "\"Buy as much real estate as you can."}, {"start": "00:13:40", "end": "00:13:44", "text": "Real estate is going to be the thing,"}, {"start": "00:13:42", "end": "00:13:47", "text": "you know, that's the biggest asset in"}, {"start": "00:13:44", "end": "00:13:49", "text": "the future. Buy it now. Don't waste any"}, {"start": "00:13:47", "end": "00:13:52", "text": "time.\""}, {"start": "00:13:49", "end": "00:13:56", "text": "And then it takes them 15 years"}, {"start": "00:13:52", "end": "00:13:59", "text": "to own all the real estate on the"}, {"start": "00:13:56", "end": "00:14:00", "text": "planet,"}, {"start": "00:13:59", "end": "00:14:04", "text": "what do you think they're doing with"}, {"start": "00:14:00", "end": "00:14:05", "text": "crypto right now?"}, {"start": "00:14:04", "end": "00:14:07", "text": "I told you before, if there's only 21"}, {"start": "00:14:05", "end": "00:14:09", "text": "million homes,"}, {"start": "00:14:07", "end": "00:14:12", "text": "and you get news that a company just"}, {"start": "00:14:09", "end": "00:14:15", "text": "purchased 15,000 homes in one day,"}, {"start": "00:14:12", "end": "00:14:17", "text": "referring to Bitcoin,"}, {"start": "00:14:15", "end": "00:14:18", "text": "that's crazy. They're They're They're"}, {"start": "00:14:17", "end": "00:14:20", "text": "They're coming for the whole kitten"}, {"start": "00:14:18", "end": "00:14:23", "text": "caboodle. They want"}, {"start": "00:14:20", "end": "00:14:24", "text": "all of it."}, {"start": "00:14:23", "end": "00:14:26", "text": "So,"}, {"start": "00:14:24", "end": "00:14:29", "text": "I just always hope that people really"}, {"start": "00:14:26", "end": "00:14:31", "text": "understand what's happening, cuz I know"}, {"start": "00:14:29", "end": "00:14:34", "text": "outside the crypto space people don't."}, {"start": "00:14:31", "end": "00:14:36", "text": "I've tried. I've tried. I've tried"}, {"start": "00:14:34", "end": "00:14:39", "text": "desperately"}, {"start": "00:14:36", "end": "00:14:41", "text": "to get people to understand"}, {"start": "00:14:39", "end": "00:14:42", "text": "very basic things. I I know that you get"}, {"start": "00:14:41", "end": "00:14:45", "text": "it."}, {"start": "00:14:42", "end": "00:14:46", "text": "I try and explain real estate to people."}, {"start": "00:14:45", "end": "00:14:49", "text": "They"}, {"start": "00:14:46", "end": "00:14:51", "text": "it's it's too complex for them. I'm I"}, {"start": "00:14:49", "end": "00:14:52", "text": "I'm like, \"Buy stocks."}, {"start": "00:14:51", "end": "00:14:54", "text": "Buy mutual funds. Have some kind of"}, {"start": "00:14:52", "end": "00:14:56", "text": "passive income.\""}, {"start": "00:14:54", "end": "00:14:58", "text": "They don't They don't get it. They don't"}, {"start": "00:14:56", "end": "00:14:59", "text": "whatever. I've tried explaining art to"}, {"start": "00:14:58", "end": "00:15:02", "text": "people."}, {"start": "00:14:59", "end": "00:15:04", "text": "I've I've ranted multiple times about"}, {"start": "00:15:02", "end": "00:15:06", "text": "Pok�mon cards. You know that Wall Street"}, {"start": "00:15:04", "end": "00:15:10", "text": "is also getting into collectibles and"}, {"start": "00:15:06", "end": "00:15:12", "text": "more specifically into Pok�mon?"}, {"start": "00:15:10", "end": "00:15:13", "text": "Pok�mon has outperformed every other"}, {"start": "00:15:12", "end": "00:15:15", "text": "asset, except for Bitcoin. Bitcoin is up"}, {"start": "00:15:13", "end": "00:15:17", "text": "by millions of percent. Yes, I get it,"}, {"start": "00:15:15", "end": "00:15:19", "text": "since 2009."}, {"start": "00:15:17", "end": "00:15:20", "text": "Pok�mon cards have outperformed Wall"}, {"start": "00:15:19", "end": "00:15:22", "text": "Street"}, {"start": "00:15:20", "end": "00:15:25", "text": "like 10 to 1. I mean, like"}, {"start": "00:15:22", "end": "00:15:26", "text": "like the like the charts are completely"}, {"start": "00:15:25", "end": "00:15:28", "text": "insane."}, {"start": "00:15:26", "end": "00:15:30", "text": "Try to explain that to people. People"}, {"start": "00:15:28", "end": "00:15:33", "text": "don't want to listen."}, {"start": "00:15:30", "end": "00:15:36", "text": "We are moving into a world"}, {"start": "00:15:33", "end": "00:15:37", "text": "where all the assets will just be like"}, {"start": "00:15:36", "end": "00:15:39", "text": "you want to talk about generational"}, {"start": "00:15:37", "end": "00:15:41", "text": "wealth?"}, {"start": "00:15:39", "end": "00:15:42", "text": "You'll accumulate these Imagine right"}, {"start": "00:15:41", "end": "00:15:44", "text": "now"}, {"start": "00:15:42", "end": "00:15:46", "text": "you're accumulating Bitcoin. You're"}, {"start": "00:15:44", "end": "00:15:48", "text": "accumulating Ether. You're accumulating"}, {"start": "00:15:46", "end": "00:15:50", "text": "XRP."}, {"start": "00:15:48", "end": "00:15:52", "text": "For argument's sake,"}, {"start": "00:15:50", "end": "00:15:54", "text": "let's say in 2032 all these price"}, {"start": "00:15:52", "end": "00:15:56", "text": "predictions have come true."}, {"start": "00:15:54", "end": "00:15:59", "text": "The the crypto that you're buying now,"}, {"start": "00:15:56", "end": "00:16:01", "text": "every $1 that you put into crypto, you"}, {"start": "00:15:59", "end": "00:16:04", "text": "get $21 out of it. That's how much the"}, {"start": "00:16:01", "end": "00:16:05", "text": "market has grown."}, {"start": "00:16:04", "end": "00:16:08", "text": "You literally then are sitting on a"}, {"start": "00:16:05", "end": "00:16:09", "text": "hundreds of thousands if not millions of"}, {"start": "00:16:08", "end": "00:16:11", "text": "dollars."}, {"start": "00:16:09", "end": "00:16:13", "text": "Everyone still with me?"}, {"start": "00:16:11", "end": "00:16:15", "text": "You decide you want to stake all that."}, {"start": "00:16:13", "end": "00:16:17", "text": "I don't want to work anymore. You're"}, {"start": "00:16:15", "end": "00:16:18", "text": "staking your Bitcoin, you're staking"}, {"start": "00:16:17", "end": "00:16:21", "text": "your Ether, you're staking your XRP. The"}, {"start": "00:16:18", "end": "00:16:23", "text": "money that you make from that,"}, {"start": "00:16:21", "end": "00:16:25", "text": "you have no desire to get rid of your"}, {"start": "00:16:23", "end": "00:16:27", "text": "crypto because the money that you're"}, {"start": "00:16:25", "end": "00:16:30", "text": "making from staking in whether it be in"}, {"start": "00:16:27", "end": "00:16:32", "text": "stable coins or in flare coin, what it"}, {"start": "00:16:30", "end": "00:16:37", "text": "doesn't matter."}, {"start": "00:16:32", "end": "00:16:38", "text": "That money is paying for your life."}, {"start": "00:16:37", "end": "00:16:39", "text": "Now imagine all the other predictions"}, {"start": "00:16:38", "end": "00:16:41", "text": "come true as well."}, {"start": "00:16:39", "end": "00:16:44", "text": "Tokenization takes over the world."}, {"start": "00:16:41", "end": "00:16:47", "text": "Stable coins, all these different things"}, {"start": "00:16:44", "end": "00:16:48", "text": "that like crypto is money is crypto."}, {"start": "00:16:47", "end": "00:16:51", "text": "There's no distinguishing between the"}, {"start": "00:16:48", "end": "00:16:51", "text": "two."}, {"start": "00:16:51", "end": "00:16:55", "text": "As time goes on, we get older and then"}, {"start": "00:16:54", "end": "00:16:58", "text": "at some point you you you write a piece"}, {"start": "00:16:55", "end": "00:17:01", "text": "of paper that says, \"When I'm gone, my"}, {"start": "00:16:58", "end": "00:17:04", "text": "family gets this.\""}, {"start": "00:17:01", "end": "00:17:06", "text": "In 2075, your family's still holding on"}, {"start": "00:17:04", "end": "00:17:09", "text": "to the same exact crypto that you had."}, {"start": "00:17:06", "end": "00:17:11", "text": "They have no desire to sell it because"}, {"start": "00:17:09", "end": "00:17:14", "text": "it's making them hundreds of thousands"}, {"start": "00:17:11", "end": "00:17:16", "text": "every single year passively."}, {"start": "00:17:14", "end": "00:17:17", "text": "If you can do that with real estate, why"}, {"start": "00:17:16", "end": "00:17:19", "text": "would you get rid of the real estate? If"}, {"start": "00:17:17", "end": "00:17:21", "text": "you can do that with land, why would you"}, {"start": "00:17:19", "end": "00:17:23", "text": "get rid of the land? If you can own all"}, {"start": "00:17:21", "end": "00:17:25", "text": "the stocks, why would you even think"}, {"start": "00:17:23", "end": "00:17:27", "text": "about selling any stocks?"}, {"start": "00:17:25", "end": "00:17:29", "text": "You just continuously absorb over and"}, {"start": "00:17:27", "end": "00:17:30", "text": "over."}, {"start": "00:17:29", "end": "00:17:32", "text": "So, when we hear that these companies"}, {"start": "00:17:30", "end": "00:17:34", "text": "are buying up all the crypto,"}, {"start": "00:17:32", "end": "00:17:36", "text": "and there are people who, you know,"}, {"start": "00:17:34", "end": "00:17:38", "text": "retail investors who left the market."}, {"start": "00:17:36", "end": "00:17:39", "text": "I'm like, don't you get what's"}, {"start": "00:17:38", "end": "00:17:41", "text": "happening?"}, {"start": "00:17:39", "end": "00:17:42", "text": "And there's always a huge amount of"}, {"start": "00:17:41", "end": "00:17:45", "text": "regret."}, {"start": "00:17:42", "end": "00:17:47", "text": "There's always this thing like,"}, {"start": "00:17:45", "end": "00:17:49", "text": "\"Well, I wasn't in the market. I didn't"}, {"start": "00:17:47", "end": "00:17:51", "text": "I didn't do anything.\" And then they try"}, {"start": "00:17:49", "end": "00:17:54", "text": "to buy whatever. I I cuz I could I could"}, {"start": "00:17:51", "end": "00:17:56", "text": "I could literally I've seen it over and"}, {"start": "00:17:54", "end": "00:17:56", "text": "over."}, {"start": "00:17:57", "end": "00:18:02", "text": "You ever seen like someone"}, {"start": "00:18:00", "end": "00:18:04", "text": "who complains about their life?"}, {"start": "00:18:02", "end": "00:18:07", "text": "They complain about their week. They"}, {"start": "00:18:04", "end": "00:18:12", "text": "complain about their job. And I mean,"}, {"start": "00:18:07", "end": "00:18:14", "text": "over and over and over."}, {"start": "00:18:12", "end": "00:18:17", "text": "You see them 5 years later, and they're"}, {"start": "00:18:14", "end": "00:18:19", "text": "complaining about the same thing."}, {"start": "00:18:17", "end": "00:18:21", "text": "And you're like, dude, why don't you"}, {"start": "00:18:19", "end": "00:18:24", "text": "just get a new job?"}, {"start": "00:18:21", "end": "00:18:27", "text": "Why don't you just save money?"}, {"start": "00:18:24", "end": "00:18:28", "text": "Why don't you just start investing? And"}, {"start": "00:18:27", "end": "00:18:30", "text": "you tell them these things, and they go,"}, {"start": "00:18:28", "end": "00:18:32", "text": "\"Nah, that's all fake. No, you know, my"}, {"start": "00:18:30", "end": "00:18:34", "text": "job isn't that bad. I hate it, but it's"}, {"start": "00:18:32", "end": "00:18:37", "text": "You see them again 5 years later,"}, {"start": "00:18:34", "end": "00:18:39", "text": "they're still complaining about the same"}, {"start": "00:18:37", "end": "00:18:41", "text": "thing."}, {"start": "00:18:39", "end": "00:18:42", "text": "I don't get it. That's how I feel about"}, {"start": "00:18:41", "end": "00:18:45", "text": "investing."}, {"start": "00:18:42", "end": "00:18:47", "text": "A lot of times, whatever, people okay."}, {"start": "00:18:45", "end": "00:18:50", "text": "I I I don't"}, {"start": "00:18:47", "end": "00:18:52", "text": "Um"}, {"start": "00:18:50", "end": "00:18:54", "text": "This divergence suggests that"}, {"start": "00:18:52", "end": "00:18:56", "text": "institutions are increasingly taking"}, {"start": "00:18:54", "end": "00:18:59", "text": "control of the market."}, {"start": "00:18:56", "end": "00:19:02", "text": "The crypto market originally grew"}, {"start": "00:18:59", "end": "00:19:04", "text": "with a focus on retail investors, unlike"}, {"start": "00:19:02", "end": "00:19:07", "text": "other asset classes,"}, {"start": "00:19:04", "end": "00:19:10", "text": "but that dynamic is now changing."}, {"start": "00:19:07", "end": "00:19:12", "text": "Seyffart emphasized"}, {"start": "00:19:10", "end": "00:19:13", "text": "that the strong demand from asset"}, {"start": "00:19:12", "end": "00:19:16", "text": "managers"}, {"start": "00:19:13", "end": "00:19:20", "text": "indicates a quiet accumulation trend"}, {"start": "00:19:16", "end": "00:19:21", "text": "among Wall Street players."}, {"start": "00:19:20", "end": "00:19:23", "text": "For retail investors, the trend towards"}, {"start": "00:19:21", "end": "00:19:26", "text": "institutional accumulation could reduce"}, {"start": "00:19:23", "end": "00:19:27", "text": "short-term volatility, but also change"}, {"start": "00:19:26", "end": "00:19:30", "text": "the market's character. Oh, no, crypto's"}, {"start": "00:19:27", "end": "00:19:32", "text": "very different."}, {"start": "00:19:30", "end": "00:19:33", "text": "The the the the moment we had people in"}, {"start": "00:19:32", "end": "00:19:35", "text": "the White House talking about"}, {"start": "00:19:33", "end": "00:19:37", "text": "accumulating crypto and doing this with"}, {"start": "00:19:35", "end": "00:19:40", "text": "crypto and cryptocurrency bills, I was"}, {"start": "00:19:37", "end": "00:19:44", "text": "like this like we're we're we're not"}, {"start": "00:19:40", "end": "00:19:46", "text": "in 2013, 2014, 2015, 2016, 2017, 2018"}, {"start": "00:19:44", "end": "00:19:48", "text": "anymore. We're in a completely different"}, {"start": "00:19:46", "end": "00:19:50", "text": "place."}, {"start": "00:19:48", "end": "00:19:53", "text": "Everyone in Wall Street is talking about"}, {"start": "00:19:50", "end": "00:19:55", "text": "tokenizing everything."}, {"start": "00:19:53", "end": "00:19:56", "text": "You didn't What was the news we also"}, {"start": "00:19:55", "end": "00:19:58", "text": "recently had? I think it was I think it"}, {"start": "00:19:56", "end": "00:20:00", "text": "was someone from Fidelity. No, no, no,"}, {"start": "00:19:58", "end": "00:20:01", "text": "no, it was it was it was it was it was"}, {"start": "00:20:00", "end": "00:20:03", "text": "Fidelity."}, {"start": "00:20:01", "end": "00:20:07", "text": "And they were they were naming like the"}, {"start": "00:20:03", "end": "00:20:09", "text": "chains that they and their research that"}, {"start": "00:20:07", "end": "00:20:12", "text": "they think would be the winners of this"}, {"start": "00:20:09", "end": "00:20:15", "text": "first wave of trillions of dollars. It"}, {"start": "00:20:12", "end": "00:20:16", "text": "was Ethereum, it was Solana."}, {"start": "00:20:15", "end": "00:20:18", "text": "What was"}, {"start": "00:20:16", "end": "00:20:19", "text": "and and Binance Coin and some other"}, {"start": "00:20:18", "end": "00:20:20", "text": "corporation coin that popped up in"}, {"start": "00:20:19", "end": "00:20:23", "text": "there."}, {"start": "00:20:20", "end": "00:20:25", "text": "And I was like"}, {"start": "00:20:23", "end": "00:20:29", "text": "people get this news"}, {"start": "00:20:25", "end": "00:20:31", "text": "that JP Morgan, Fidelity, BlackRock,"}, {"start": "00:20:29", "end": "00:20:33", "text": "everyone."}, {"start": "00:20:31", "end": "00:20:35", "text": "We had news about Morgan Stanley, Morgan"}, {"start": "00:20:33", "end": "00:20:37", "text": "Stanley and Goldman Sachs."}, {"start": "00:20:35", "end": "00:20:38", "text": "They're they're they're also getting"}, {"start": "00:20:37", "end": "00:20:40", "text": "into like creating their own Bitcoin"}, {"start": "00:20:38", "end": "00:20:43", "text": "ETFs. They're also getting into"}, {"start": "00:20:40", "end": "00:20:45", "text": "tokenization. The people that run the"}, {"start": "00:20:43", "end": "00:20:49", "text": "world, that have all the money,"}, {"start": "00:20:45", "end": "00:20:51", "text": "have told us explicitly"}, {"start": "00:20:49", "end": "00:20:55", "text": "where they You know what I like"}, {"start": "00:20:51", "end": "00:20:55", "text": "what a gift from heaven that is?"}, {"start": "00:20:56", "end": "00:21:03", "text": "We have all the money."}, {"start": "00:20:59", "end": "00:21:07", "text": "We are putting our money into Bitcoin,"}, {"start": "00:21:03", "end": "00:21:10", "text": "into Ethereum, into this. Tokenization?"}, {"start": "00:21:07", "end": "00:21:11", "text": "Yeah, actually we're choosing Solana,"}, {"start": "00:21:10", "end": "00:21:14", "text": "we're choosing Ethereum, we're choosing"}, {"start": "00:21:11", "end": "00:21:14", "text": "that chain."}, {"start": "00:21:14", "end": "00:21:19", "text": "Now what happens"}, {"start": "00:21:18", "end": "00:21:21", "text": "in 10 years when all that stuff that"}, {"start": "00:21:19", "end": "00:21:22", "text": "they said they were going to do starts"}, {"start": "00:21:21", "end": "00:21:24", "text": "happening? Remember I told you in"}, {"start": "00:21:22", "end": "00:21:25", "text": "January, remember all the news? In"}, {"start": "00:21:24", "end": "00:21:27", "text": "January we started getting a huge amount"}, {"start": "00:21:25", "end": "00:21:29", "text": "of news."}, {"start": "00:21:27", "end": "00:21:30", "text": "Tokenization, stable coins, this"}, {"start": "00:21:29", "end": "00:21:33", "text": "company, that company and I was like,"}, {"start": "00:21:30", "end": "00:21:35", "text": "\"Okay, yeah, oh oh wow,"}, {"start": "00:21:33", "end": "00:21:37", "text": "okay can't wait.\""}, {"start": "00:21:35", "end": "00:21:39", "text": "What happened?"}, {"start": "00:21:37", "end": "00:21:41", "text": "In February they started doing it. In"}, {"start": "00:21:39", "end": "00:21:42", "text": "March it started happening. In April I"}, {"start": "00:21:41", "end": "00:21:44", "text": "was like, \"Okay, a lot of the news that"}, {"start": "00:21:42", "end": "00:21:45", "text": "we're getting is revolving around the"}, {"start": "00:21:44", "end": "00:21:47", "text": "things that they said were going to"}, {"start": "00:21:45", "end": "00:21:48", "text": "happen.\""}, {"start": "00:21:47", "end": "00:21:50", "text": "May,"}, {"start": "00:21:48", "end": "00:21:52", "text": "same thing."}, {"start": "00:21:50", "end": "00:21:55", "text": "So now we're at the point where all of"}, {"start": "00:21:52", "end": "00:21:56", "text": "this just in my opinion has to reflect"}, {"start": "00:21:55", "end": "00:21:58", "text": "in prices."}, {"start": "00:21:56", "end": "00:22:01", "text": "Everything else makes sense. Everything"}, {"start": "00:21:58", "end": "00:22:02", "text": "else has completely lined up."}, {"start": "00:22:01", "end": "00:22:04", "text": "So"}, {"start": "00:22:02", "end": "00:22:07", "text": "I can only hope"}, {"start": "00:22:04", "end": "00:22:08", "text": "that more people uh understand what's"}, {"start": "00:22:07", "end": "00:22:10", "text": "taking place."}, {"start": "00:22:08", "end": "00:22:12", "text": "There's"}, {"start": "00:22:10", "end": "00:22:15", "text": "apparently"}, {"start": "00:22:12", "end": "00:22:17", "text": "trillions of dollars to be made."}, {"start": "00:22:15", "end": "00:22:19", "text": "It's just a matter of if"}, {"start": "00:22:17", "end": "00:22:20", "text": "uh retail investors are going to"}, {"start": "00:22:19", "end": "00:22:24", "text": "actually"}, {"start": "00:22:20", "end": "00:22:26", "text": "jump on board. Cuz I have a strange"}, {"start": "00:22:24", "end": "00:22:28", "text": "hankerin'."}, {"start": "00:22:26", "end": "00:22:30", "text": "Uh your cousins, your family members"}, {"start": "00:22:28", "end": "00:22:32", "text": "you've been talking to, they're not"}, {"start": "00:22:30", "end": "00:22:34", "text": "they're not going to invest."}, {"start": "00:22:32", "end": "00:22:36", "text": "At some point they're going to see that"}, {"start": "00:22:34", "end": "00:22:39", "text": "you're not uh as stressed about money"}, {"start": "00:22:36", "end": "00:22:41", "text": "anymore and you are talking about going"}, {"start": "00:22:39", "end": "00:22:43", "text": "on vacation and you know, you found a"}, {"start": "00:22:41", "end": "00:22:45", "text": "nice little shack somewhere that you"}, {"start": "00:22:43", "end": "00:22:46", "text": "want to buy and you know, you you know,"}, {"start": "00:22:45", "end": "00:22:48", "text": "have vacations. They're like, \"But how"}, {"start": "00:22:46", "end": "00:22:50", "text": "did you how did"}, {"start": "00:22:48", "end": "00:22:51", "text": "how did you do that?\""}, {"start": "00:22:50", "end": "00:22:53", "text": "And then you'll tell them nicely,"}, {"start": "00:22:51", "end": "00:22:55", "text": "\"Remember that thing I tried to get you"}, {"start": "00:22:53", "end": "00:22:56", "text": "into like 8 years ago?\""}, {"start": "00:22:55", "end": "00:22:59", "text": "And then their faces will drop cuz"}, {"start": "00:22:56", "end": "00:23:00", "text": "they'll be really annoyed. And that's"}, {"start": "00:22:59", "end": "00:23:01", "text": "that's what I think the future is going"}, {"start": "00:23:00", "end": "00:23:03", "text": "to be."}, {"start": "00:23:01", "end": "00:23:05", "text": "It's just people who ignore everything"}, {"start": "00:23:03", "end": "00:23:10", "text": "that's happening now. So,"}, {"start": "00:23:05", "end": "00:23:13", "text": "um yeah, that's the uh Bloomberg analyst"}, {"start": "00:23:10", "end": "00:23:18", "text": "talking about um institutions"}, {"start": "00:23:13", "end": "00:23:20", "text": "and Wall Street getting into crypto."}, {"start": "00:23:18", "end": "00:23:21", "text": "All the signs are pointing at the same"}, {"start": "00:23:20", "end": "00:23:23", "text": "thing."}, {"start": "00:23:21", "end": "00:23:26", "text": "You realize that this is like one of the"}, {"start": "00:23:23", "end": "00:23:29", "text": "first times in history"}, {"start": "00:23:26", "end": "00:23:30", "text": "in finance that like we have in a I"}, {"start": "00:23:29", "end": "00:23:32", "text": "mean, the word isn't complete"}, {"start": "00:23:30", "end": "00:23:34", "text": "transparency."}, {"start": "00:23:32", "end": "00:23:36", "text": "But, these people are literally telling"}, {"start": "00:23:34", "end": "00:23:39", "text": "us exactly what they're going to do."}, {"start": "00:23:36", "end": "00:23:41", "text": "From land, from real estate, from"}, {"start": "00:23:39", "end": "00:23:44", "text": "stocks, from crypto."}, {"start": "00:23:41", "end": "00:23:46", "text": "And there are people who are choosing to"}, {"start": "00:23:44", "end": "00:23:50", "text": "ignore it."}, {"start": "00:23:46", "end": "00:23:53", "text": "That's the whoa, can't believe that's"}, {"start": "00:23:50", "end": "00:23:55", "text": "happening news."}, {"start": "00:23:53", "end": "00:23:59", "text": "And yeah,"}, {"start": "00:23:55", "end": "00:23:59", "text": "let's move on."}, {"start": "00:24:00", "end": "00:24:04", "text": "This is part of the reason why I feel"}, {"start": "00:24:02", "end": "00:24:06", "text": "like uh something's about to happen. And"}, {"start": "00:24:04", "end": "00:24:10", "text": "I mean that sincerely."}, {"start": "00:24:06", "end": "00:24:15", "text": "A lot of cryptocurrency companies are"}, {"start": "00:24:10", "end": "00:24:18", "text": "r- rapidly announcing things"}, {"start": "00:24:15", "end": "00:24:19", "text": "seemingly on a on a daily basis at this"}, {"start": "00:24:18", "end": "00:24:21", "text": "point."}, {"start": "00:24:19", "end": "00:24:23", "text": "Everyone is announcing that they have a"}, {"start": "00:24:21", "end": "00:24:24", "text": "new protocol, they have a new upgrade,"}, {"start": "00:24:23", "end": "00:24:26", "text": "they have a new way to make passive"}, {"start": "00:24:24", "end": "00:24:29", "text": "income, they have a new DeFi thing, they"}, {"start": "00:24:26", "end": "00:24:31", "text": "have a new yield thing. Like we recently"}, {"start": "00:24:29", "end": "00:24:33", "text": "just"}, {"start": "00:24:31", "end": "00:24:35", "text": "also heard from Flare. What was it, like"}, {"start": "00:24:33", "end": "00:24:37", "text": "a day or two ago?"}, {"start": "00:24:35", "end": "00:24:42", "text": "And now they're back in the news."}, {"start": "00:24:37", "end": "00:24:46", "text": "The yield passive income proposition is"}, {"start": "00:24:42", "end": "00:24:49", "text": "very very very strong."}, {"start": "00:24:46", "end": "00:24:51", "text": "It would appear that"}, {"start": "00:24:49", "end": "00:24:54", "text": "there are certain number of coins that"}, {"start": "00:24:51", "end": "00:24:55", "text": "have been or will be chosen as the"}, {"start": "00:24:54", "end": "00:24:59", "text": "winners"}, {"start": "00:24:55", "end": "00:25:03", "text": "in this cryptocurrency foot race."}, {"start": "00:24:59", "end": "00:25:06", "text": "And since XRP is constantly mentioned,"}, {"start": "00:25:03", "end": "00:25:08", "text": "one of the things that we keep hearing"}, {"start": "00:25:06", "end": "00:25:12", "text": "about Wall Street and other investors,"}, {"start": "00:25:08", "end": "00:25:13", "text": "like high-ranking big-money investors,"}, {"start": "00:25:12", "end": "00:25:17", "text": "is that they also want to make passive"}, {"start": "00:25:13", "end": "00:25:18", "text": "income from the coins that they hold."}, {"start": "00:25:17", "end": "00:25:21", "text": "All their other investments make them"}, {"start": "00:25:18", "end": "00:25:24", "text": "money on the side, and crypto is"}, {"start": "00:25:21", "end": "00:25:27", "text": "supposed to do the exact same. So, and I"}, {"start": "00:25:24", "end": "00:25:29", "text": "guess the 2.0 news of what we recently"}, {"start": "00:25:27", "end": "00:25:32", "text": "had,"}, {"start": "00:25:29", "end": "00:25:34", "text": "his name is Hugo Philion,"}, {"start": "00:25:32", "end": "00:25:37", "text": "CEO of Flare,"}, {"start": "00:25:34", "end": "00:25:39", "text": "says that XRP can now be used for"}, {"start": "00:25:37", "end": "00:25:40", "text": "lending,"}, {"start": "00:25:39", "end": "00:25:44", "text": "borrowing,"}, {"start": "00:25:40", "end": "00:25:47", "text": "and private institutional trading."}, {"start": "00:25:44", "end": "00:25:48", "text": "Flare launched their It's called"}, {"start": "00:25:47", "end": "00:25:50", "text": "F-assets."}, {"start": "00:25:48", "end": "00:25:54", "text": "I assume"}, {"start": "00:25:50", "end": "00:25:57", "text": "Flare assets version 1.3 on the 13th The"}, {"start": "00:25:54", "end": "00:26:02", "text": "The 13th is crazy."}, {"start": "00:25:57", "end": "00:26:06", "text": "The 14th of May, gee whiz, English,"}, {"start": "00:26:02", "end": "00:26:09", "text": "allowing users to mint X-FXRP"}, {"start": "00:26:06", "end": "00:26:10", "text": "in a single transaction rather than"}, {"start": "00:26:09", "end": "00:26:15", "text": "multiple steps."}, {"start": "00:26:10", "end": "00:26:17", "text": "A new system called confidential compute"}, {"start": "00:26:15", "end": "00:26:22", "text": "will allow banks and asset managers to"}, {"start": "00:26:17", "end": "00:26:24", "text": "trade and borrow using XRP-backed assets"}, {"start": "00:26:22", "end": "00:26:27", "text": "without showing their activity on the"}, {"start": "00:26:24", "end": "00:26:29", "text": "public blockchain. Uh Ethereum is also"}, {"start": "00:26:27", "end": "00:26:31", "text": "getting some of these things as well. A"}, {"start": "00:26:29", "end": "00:26:33", "text": "lot of companies"}, {"start": "00:26:31", "end": "00:26:36", "text": "have announced that they're going to be"}, {"start": "00:26:33", "end": "00:26:39", "text": "using like public chains, like Ethereum,"}, {"start": "00:26:36", "end": "00:26:43", "text": "like these these are public chains,"}, {"start": "00:26:39", "end": "00:26:46", "text": "but new upgrades and updates will allow"}, {"start": "00:26:43", "end": "00:26:47", "text": "them to basically have like private"}, {"start": "00:26:46", "end": "00:26:50", "text": "activity"}, {"start": "00:26:47", "end": "00:26:53", "text": "on public blockchain. So, we will see"}, {"start": "00:26:50", "end": "00:26:55", "text": "money moving around, but we will not"}, {"start": "00:26:53", "end": "00:26:57", "text": "know that it's from this gargantuan"}, {"start": "00:26:55", "end": "00:27:01", "text": "company."}, {"start": "00:26:57", "end": "00:27:03", "text": "Hugo Philion, co-founder and CEO Flare,"}, {"start": "00:27:01", "end": "00:27:06", "text": "wants to create a system"}, {"start": "00:27:03", "end": "00:27:10", "text": "that allows institutions to trade and"}, {"start": "00:27:06", "end": "00:27:13", "text": "lend using XRP backed assets without"}, {"start": "00:27:10", "end": "00:27:15", "text": "exposing their activity to the public."}, {"start": "00:27:13", "end": "00:27:18", "text": "The new system called confidential"}, {"start": "00:27:15", "end": "00:27:20", "text": "compute will launch in Q3."}, {"start": "00:27:18", "end": "00:27:23", "text": "That's just about now."}, {"start": "00:27:20", "end": "00:27:27", "text": "With the version 1.3 upgrade,"}, {"start": "00:27:23", "end": "00:27:30", "text": "users can now send XRP in a single step"}, {"start": "00:27:27", "end": "00:27:33", "text": "as the system handles the rest"}, {"start": "00:27:30", "end": "00:27:35", "text": "and issues Flare XRP to them without"}, {"start": "00:27:33", "end": "00:27:37", "text": "additional approvals."}, {"start": "00:27:35", "end": "00:27:40", "text": "Okay, this is this is slowly making"}, {"start": "00:27:37", "end": "00:27:43", "text": "sense now. A lot of protocols years ago"}, {"start": "00:27:40", "end": "00:27:45", "text": "started launching regarding"}, {"start": "00:27:43", "end": "00:27:47", "text": "uh oh gosh, it was like like atomic"}, {"start": "00:27:45", "end": "00:27:51", "text": "swaps and like swapping between chains."}, {"start": "00:27:47", "end": "00:27:54", "text": "I mentioned in another video months ago."}, {"start": "00:27:51", "end": "00:27:56", "text": "When I tell you it was terrible,"}, {"start": "00:27:54", "end": "00:27:58", "text": "it was horrible."}, {"start": "00:27:56", "end": "00:28:00", "text": "The way that things used to I mean, this"}, {"start": "00:27:58", "end": "00:28:02", "text": "is also also years and years ago, the"}, {"start": "00:28:00", "end": "00:28:04", "text": "way that things were and this is if"}, {"start": "00:28:02", "end": "00:28:06", "text": "Flare launched this, I assume the"}, {"start": "00:28:04", "end": "00:28:07", "text": "initial steps were also probably"}, {"start": "00:28:06", "end": "00:28:10", "text": "horrendous."}, {"start": "00:28:07", "end": "00:28:13", "text": "I can't develop myself, but as a as a"}, {"start": "00:28:10", "end": "00:28:16", "text": "user, I assume it was very crunchy."}, {"start": "00:28:13", "end": "00:28:18", "text": "You used to have to like"}, {"start": "00:28:16", "end": "00:28:20", "text": "send stuff from your wallet to another"}, {"start": "00:28:18", "end": "00:28:22", "text": "wallet and then from that wallet, you"}, {"start": "00:28:20", "end": "00:28:24", "text": "had to send it sometimes like a little"}, {"start": "00:28:22", "end": "00:28:26", "text": "This isn't a joke, to like a website."}, {"start": "00:28:24", "end": "00:28:28", "text": "And that website would be a bridge. You"}, {"start": "00:28:26", "end": "00:28:31", "text": "would have to like turn on something on"}, {"start": "00:28:28", "end": "00:28:32", "text": "the bridge and then like you have to"}, {"start": "00:28:31", "end": "00:28:34", "text": "like connect the networks together,"}, {"start": "00:28:32", "end": "00:28:35", "text": "which could take like 15 minutes. Like"}, {"start": "00:28:34", "end": "00:28:38", "text": "you'd be sitting there with baited"}, {"start": "00:28:35", "end": "00:28:39", "text": "breath hoping that this thing actually"}, {"start": "00:28:38", "end": "00:28:41", "text": "ends up going through."}, {"start": "00:28:39", "end": "00:28:44", "text": "Once it then opened up, you had it then"}, {"start": "00:28:41", "end": "00:28:45", "text": "click send to actually send your money"}, {"start": "00:28:44", "end": "00:28:47", "text": "through the chain to get it to the other"}, {"start": "00:28:45", "end": "00:28:49", "text": "one. And then once it was on the other"}, {"start": "00:28:47", "end": "00:28:51", "text": "one, sometimes you had to convert that"}, {"start": "00:28:49", "end": "00:28:53", "text": "because it was like the wrapped version."}, {"start": "00:28:51", "end": "00:28:57", "text": "You had to then unwrap it on the other"}, {"start": "00:28:53", "end": "00:29:00", "text": "chain to be able to horrible. Horrible."}, {"start": "00:28:57", "end": "00:29:03", "text": "Horrible."}, {"start": "00:29:00", "end": "00:29:05", "text": "So, Flare announced in February that"}, {"start": "00:29:03", "end": "00:29:07", "text": "they have a bunch of new protocols and"}, {"start": "00:29:05", "end": "00:29:11", "text": "things like that launching to be able to"}, {"start": "00:29:07", "end": "00:29:14", "text": "stake your XRP, make a yield from them,"}, {"start": "00:29:11", "end": "00:29:16", "text": "use them in different DeFi products."}, {"start": "00:29:14", "end": "00:29:19", "text": "I assumption"}, {"start": "00:29:16", "end": "00:29:22", "text": "this probably was also multi-step"}, {"start": "00:29:19", "end": "00:29:26", "text": "and it has to be single click. It has to"}, {"start": "00:29:22", "end": "00:29:30", "text": "be. I told you we are going to see XRP"}, {"start": "00:29:26", "end": "00:29:31", "text": "staking and Bitcoin staking take"}, {"start": "00:29:30", "end": "00:29:36", "text": "off"}, {"start": "00:29:31", "end": "00:29:39", "text": "the moment Coinbase or Binance announces"}, {"start": "00:29:36", "end": "00:29:42", "text": "the crypto you have, the Bitcoin you"}, {"start": "00:29:39", "end": "00:29:45", "text": "have on our website, you click a button,"}, {"start": "00:29:42", "end": "00:29:48", "text": "you instantaneously earn money."}, {"start": "00:29:45", "end": "00:29:50", "text": "Nobody wants to learn how to do all that"}, {"start": "00:29:48", "end": "00:29:53", "text": "stuff themselves. Nobody wants a a"}, {"start": "00:29:50", "end": "00:29:56", "text": "seven-step procedure"}, {"start": "00:29:53", "end": "00:29:58", "text": "and their money might get lost or frozen"}, {"start": "00:29:56", "end": "00:30:00", "text": "because like no one wants it. Everyone"}, {"start": "00:29:58", "end": "00:30:02", "text": "wants something very streamlined, so"}, {"start": "00:30:00", "end": "00:30:05", "text": "that's what it's going to take."}, {"start": "00:30:02", "end": "00:30:07", "text": "Flare is working with Firelight and"}, {"start": "00:30:05", "end": "00:30:10", "text": "Morpheus protocols to fill the lending"}, {"start": "00:30:07", "end": "00:30:13", "text": "gap in the XRP ledger."}, {"start": "00:30:10", "end": "00:30:15", "text": "Firelight adds liquid staking for XRP on"}, {"start": "00:30:13", "end": "00:30:17", "text": "the Flare network allowing users to keep"}, {"start": "00:30:15", "end": "00:30:18", "text": "earning from their shared pool"}, {"start": "00:30:17", "end": "00:30:21", "text": "contributions"}, {"start": "00:30:18", "end": "00:30:23", "text": "while also using the derivative token in"}, {"start": "00:30:21", "end": "00:30:26", "text": "other DeFi strategies. Morpheus on the"}, {"start": "00:30:23", "end": "00:30:27", "text": "other hand, lets big institutions set up"}, {"start": "00:30:26", "end": "00:30:29", "text": "a market"}, {"start": "00:30:27", "end": "00:30:32", "text": "where only verified counterparties can"}, {"start": "00:30:29", "end": "00:30:35", "text": "borrow at rates they define with"}, {"start": "00:30:32", "end": "00:30:36", "text": "collateral they approved."}, {"start": "00:30:35", "end": "00:30:40", "text": "Cool."}, {"start": "00:30:36", "end": "00:30:42", "text": "Fascinating. I I assumed before that all"}, {"start": "00:30:40", "end": "00:30:44", "text": "of this"}, {"start": "00:30:42", "end": "00:30:46", "text": "uh was already built because of the way"}, {"start": "00:30:44", "end": "00:30:47", "text": "that people were talking about these"}, {"start": "00:30:46", "end": "00:30:48", "text": "things like launching."}, {"start": "00:30:47", "end": "00:30:50", "text": "But, uh"}, {"start": "00:30:48", "end": "00:30:53", "text": "it would appear that they need to be"}, {"start": "00:30:50", "end": "00:30:56", "text": "smoothed out a bit. These are going to"}, {"start": "00:30:53", "end": "00:31:00", "text": "be very popular. It's the same exact way"}, {"start": "00:30:56", "end": "00:31:03", "text": "that we see for um Ethereum staking."}, {"start": "00:31:00", "end": "00:31:06", "text": "You make money for doing nothing."}, {"start": "00:31:03", "end": "00:31:08", "text": "So, when these are all worked out, I"}, {"start": "00:31:06", "end": "00:31:10", "text": "WHAT WHAT WHAT"}, {"start": "00:31:08", "end": "00:31:12", "text": "NAILED IT. OH MY GOSH, I'm so smart. I'm"}, {"start": "00:31:10", "end": "00:31:13", "text": "so smart. That's crazy. For those of you"}, {"start": "00:31:12", "end": "00:31:17", "text": "not looking at the screen,"}, {"start": "00:31:13", "end": "00:31:17", "text": "that's crazy."}, {"start": "00:31:18", "end": "00:31:23", "text": "It says, \"Flare is also working with the"}, {"start": "00:31:21", "end": "00:31:27", "text": "crypto platform Uphold"}, {"start": "00:31:23", "end": "00:31:28", "text": "to bring one-click products that put"}, {"start": "00:31:27", "end": "00:31:31", "text": "these capabilities in the hands of"}, {"start": "00:31:28", "end": "00:31:33", "text": "everyday users.\""}, {"start": "00:31:31", "end": "00:31:35", "text": "I was I was literally I was I was just"}, {"start": "00:31:33", "end": "00:31:37", "text": "talking about that."}, {"start": "00:31:35", "end": "00:31:40", "text": "It has to be one-click."}, {"start": "00:31:37", "end": "00:31:45", "text": "When Robinhood, Uphold, every single"}, {"start": "00:31:40", "end": "00:31:47", "text": "app, when they say deposit your coins,"}, {"start": "00:31:45", "end": "00:31:49", "text": "click a button,"}, {"start": "00:31:47", "end": "00:31:51", "text": "and you especially for those of you who"}, {"start": "00:31:49", "end": "00:31:53", "text": "have never staked before, sometimes"}, {"start": "00:31:51", "end": "00:31:55", "text": "certain chains, they do uh"}, {"start": "00:31:53", "end": "00:31:58", "text": "like daily staking. You can literally"}, {"start": "00:31:55", "end": "00:31:59", "text": "like get your staking reward, if you"}, {"start": "00:31:58", "end": "00:32:02", "text": "will,"}, {"start": "00:31:59", "end": "00:32:02", "text": "every single day."}, {"start": "00:32:02", "end": "00:32:08", "text": "When you can literally click a button"}, {"start": "00:32:05", "end": "00:32:09", "text": "and make passive income every 24 hours,"}, {"start": "00:32:08", "end": "00:32:12", "text": "it's"}, {"start": "00:32:09", "end": "00:32:15", "text": "that's my dream of the moment when"}, {"start": "00:32:12", "end": "00:32:16", "text": "retail investors will um hop back into"}, {"start": "00:32:15", "end": "00:32:19", "text": "crypto"}, {"start": "00:32:16", "end": "00:32:21", "text": "cuz they are truly truly truly missing"}, {"start": "00:32:19", "end": "00:32:23", "text": "out."}, {"start": "00:32:21", "end": "00:32:25", "text": "Okie dokie."}, {"start": "00:32:23", "end": "00:32:27", "text": "That's going to do it for this video,"}, {"start": "00:32:25", "end": "00:32:29", "text": "everyone."}, {"start": "00:32:27", "end": "00:32:31", "text": "Hope you've all enjoyed."}, {"start": "00:32:29", "end": "00:32:33", "text": "Hope you all are having a great day, a"}, {"start": "00:32:31", "end": "00:32:35", "text": "great morning, afternoon, evening,"}, {"start": "00:32:33", "end": "00:32:37", "text": "wherever you are, wherever the heck you"}, {"start": "00:32:35", "end": "00:32:39", "text": "might be."}, {"start": "00:32:37", "end": "00:32:40", "text": "Hope it's absolutely fantastic. I am"}, {"start": "00:32:39", "end": "00:32:42", "text": "starving. I'm going to go make some"}, {"start": "00:32:40", "end": "00:32:43", "text": "food."}, {"start": "00:32:42", "end": "00:32:45", "text": "I am"}, {"start": "00:32:43", "end": "00:32:49", "text": "probably should have eaten something."}, {"start": "00:32:45", "end": "00:32:51", "text": "And I will most certainly be talking"}, {"start": "00:32:49", "end": "00:32:54", "text": "to you all soon."}, {"start": "00:32:51", "end": "00:32:54", "text": "See"}, {"start": "00:32:54", "end": "00:32:56", "text": "you."}]

[{"start": "00:00:01", "end": "00:00:10", "text": "Hello everybody."}, {"start": "00:00:05", "end": "00:00:13", "text": "Welcome back for another video."}, {"start": "00:00:10", "end": "00:00:16", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:00:13", "end": "00:00:19", "text": "all doing absolutely"}, {"start": "00:00:16", "end": "00:00:19", "text": "fantastic."}, {"start": "00:00:20", "end": "00:00:24", "text": "Actually ran out of breath there. I hope"}, {"start": "00:00:22", "end": "00:00:29", "text": "you're all doing absolutely fantastic"}, {"start": "00:00:24", "end": "00:00:31", "text": "and that you're all having a great day."}, {"start": "00:00:29", "end": "00:00:36", "text": "A very big thank you to my Patreon"}, {"start": "00:00:31", "end": "00:00:40", "text": "supporters, Trent Jackson, Gilboa"}, {"start": "00:00:36", "end": "00:00:44", "text": "Snake, and Finley Bass. Very, very big"}, {"start": "00:00:40", "end": "00:00:46", "text": "thank you for your support. I mentioned"}, {"start": "00:00:44", "end": "00:00:48", "text": "before"}, {"start": "00:00:46", "end": "00:00:50", "text": "I've been working on this for a couple"}, {"start": "00:00:48", "end": "00:00:52", "text": "of months. That's why a lot of times in"}, {"start": "00:00:50", "end": "00:00:54", "text": "the videos, you heard me say like, \"I"}, {"start": "00:00:52", "end": "00:00:58", "text": "didn't sleep too well.\" It's because I"}, {"start": "00:00:54", "end": "00:00:59", "text": "was usually up to like 3:00 or 4 in the"}, {"start": "00:00:58", "end": "00:01:04", "text": "morning."}, {"start": "00:00:59", "end": "00:01:09", "text": "I have a brand new book. It is called"}, {"start": "00:01:04", "end": "00:01:12", "text": "achieving financial freedom in 30 days."}, {"start": "00:01:09", "end": "00:01:15", "text": "I discuss ways to make money, how to"}, {"start": "00:01:12", "end": "00:01:17", "text": "save money, how to build wealth because"}, {"start": "00:01:15", "end": "00:01:21", "text": "there is a common misconception that it"}, {"start": "00:01:17", "end": "00:01:25", "text": "is quite difficult to do. And I explain"}, {"start": "00:01:21", "end": "00:01:30", "text": "everything in great detail. how it is"}, {"start": "00:01:25", "end": "00:01:32", "text": "you anyone can build wealth. Uh for"}, {"start": "00:01:30", "end": "00:01:37", "text": "those of you who are interested, there"}, {"start": "00:01:32", "end": "00:01:41", "text": "is a link in the description below the"}, {"start": "00:01:37", "end": "00:01:44", "text": "video. Yeah, this one this one was uh I"}, {"start": "00:01:41", "end": "00:01:47", "text": "like dove deep into this one. This one"}, {"start": "00:01:44", "end": "00:01:51", "text": "this one took me um some mental energy"}, {"start": "00:01:47", "end": "00:01:53", "text": "to actually uh finish. Yeah, everyone."}, {"start": "00:01:51", "end": "00:01:56", "text": "Hope you're all doing well. There's a"}, {"start": "00:01:53", "end": "00:02:01", "text": "lot happening in the market. We are"}, {"start": "00:01:56", "end": "00:02:06", "text": "caught between a a cascade of news"}, {"start": "00:02:01", "end": "00:02:09", "text": "revolving around the potential soonish"}, {"start": "00:02:06", "end": "00:02:13", "text": "idea of what's going to happen within"}, {"start": "00:02:09", "end": "00:02:15", "text": "the cryptocurrency space. As we've been"}, {"start": "00:02:13", "end": "00:02:19", "text": "going over, we are not far away at this"}, {"start": "00:02:15", "end": "00:02:21", "text": "point. We are less than a few weeks away"}, {"start": "00:02:19", "end": "00:02:24", "text": "from figuring out what the new head of"}, {"start": "00:02:21", "end": "00:02:29", "text": "the Federal Reserve is going to do. If"}, {"start": "00:02:24", "end": "00:02:33", "text": "you somehow missed the last 10 videos,"}, {"start": "00:02:29", "end": "00:02:36", "text": "there's been a plethora of news"}, {"start": "00:02:33", "end": "00:02:39", "text": "surrounding the Clarity Act, it getting"}, {"start": "00:02:36", "end": "00:02:41", "text": "signed, what that's going to do for the"}, {"start": "00:02:39", "end": "00:02:44", "text": "market, how high things are going to go,"}, {"start": "00:02:41", "end": "00:02:46", "text": "the price predictions are there as well."}, {"start": "00:02:44", "end": "00:02:49", "text": "We've been getting a lot of corporation"}, {"start": "00:02:46", "end": "00:02:52", "text": "news apparently."}, {"start": "00:02:49", "end": "00:02:55", "text": "Wink. Behind the scenes, companies have"}, {"start": "00:02:52", "end": "00:02:59", "text": "been quietly accumulating large amounts"}, {"start": "00:02:55", "end": "00:03:01", "text": "of Bitcoin and Ethereum. This is or"}, {"start": "00:02:59", "end": "00:03:04", "text": "should be completely unsurprising"}, {"start": "00:03:01", "end": "00:03:07", "text": "as we've been hearing that they're all"}, {"start": "00:03:04", "end": "00:03:12", "text": "in the market. If Black Rockck uh"}, {"start": "00:03:07", "end": "00:03:14", "text": "analysts from Fidelity twice in in May"}, {"start": "00:03:12", "end": "00:03:17", "text": "uh announced that they're expecting a"}, {"start": "00:03:14", "end": "00:03:19", "text": "quarter of a million dollar Bitcoin and"}, {"start": "00:03:17", "end": "00:03:22", "text": "Kathy Wood says it and Tom Lee says it"}, {"start": "00:03:19", "end": "00:03:27", "text": "and then Bruce Wayne went on, you know,"}, {"start": "00:03:22", "end": "00:03:29", "text": "it it's just everyone's announcing that"}, {"start": "00:03:27", "end": "00:03:32", "text": "prices are going to go higher. So,"}, {"start": "00:03:29", "end": "00:03:34", "text": "there's clearly some kind of methodology"}, {"start": "00:03:32", "end": "00:03:36", "text": "behind it. What was the other thing we"}, {"start": "00:03:34", "end": "00:03:40", "text": "just had? It was something revolving"}, {"start": "00:03:36", "end": "00:03:42", "text": "around the amount of um"}, {"start": "00:03:40", "end": "00:03:45", "text": "I I I think Bitcoin that's been"}, {"start": "00:03:42", "end": "00:03:48", "text": "purchased that hasn't been moving. That"}, {"start": "00:03:45", "end": "00:03:52", "text": "number has also been increasing which is"}, {"start": "00:03:48", "end": "00:03:55", "text": "usually indicative of potential"}, {"start": "00:03:52", "end": "00:03:58", "text": "quick future price movements as"}, {"start": "00:03:55", "end": "00:04:00", "text": "stagnation in movement tends to mean"}, {"start": "00:03:58", "end": "00:04:03", "text": "that these people don't plan on selling."}, {"start": "00:04:00", "end": "00:04:08", "text": "There's less going around the buying"}, {"start": "00:04:03", "end": "00:04:12", "text": "pressure still there. price go up. So"}, {"start": "00:04:08", "end": "00:04:16", "text": "in popular news, of course, of course,"}, {"start": "00:04:12", "end": "00:04:19", "text": "because this is also a famous metric for"}, {"start": "00:04:16", "end": "00:04:21", "text": "uh price go up."}, {"start": "00:04:19", "end": "00:04:22", "text": "The the time frame is a little weird on"}, {"start": "00:04:21", "end": "00:04:24", "text": "this. Don't pay attention to that."}, {"start": "00:04:22", "end": "00:04:26", "text": "Sometimes people don't know how to write"}, {"start": "00:04:24", "end": "00:04:29", "text": "properly. That's not even a joke. It"}, {"start": "00:04:26", "end": "00:04:33", "text": "says, \"Onchain data reveals"}, {"start": "00:04:29", "end": "00:04:36", "text": "that the amount of ETH locked on the"}, {"start": "00:04:33", "end": "00:04:38", "text": "Ethereum network has reached an all-time"}, {"start": "00:04:36", "end": "00:04:40", "text": "high."}, {"start": "00:04:38", "end": "00:04:44", "text": "Despite recent volatility in the wider"}, {"start": "00:04:40", "end": "00:04:46", "text": "crypto market, signals from Ethereum"}, {"start": "00:04:44", "end": "00:04:48", "text": "suggest strengthening longterm"}, {"start": "00:04:46", "end": "00:04:51", "text": "fundamentals."}, {"start": "00:04:48", "end": "00:04:54", "text": "metrics such as realized profit, the"}, {"start": "00:04:51", "end": "00:04:57", "text": "market value to realized value, total"}, {"start": "00:04:54", "end": "00:05:00", "text": "staked ETH, and investor activity on"}, {"start": "00:04:57", "end": "00:05:02", "text": "Binance all underline this outlook. If"}, {"start": "00:05:00", "end": "00:05:05", "text": "you look at the first line, it says as"}, {"start": "00:05:02", "end": "00:05:09", "text": "2026 approaches. Once again, just just"}, {"start": "00:05:05", "end": "00:05:11", "text": "just let it slide. We keep getting news"}, {"start": "00:05:09", "end": "00:05:14", "text": "that uh Bitine is accumulating large"}, {"start": "00:05:11", "end": "00:05:18", "text": "amounts of Ether. It should be well"}, {"start": "00:05:14", "end": "00:05:20", "text": "noted that they are not"}, {"start": "00:05:18", "end": "00:05:23", "text": "the only company or institution"}, {"start": "00:05:20", "end": "00:05:25", "text": "acquiring large amounts of ether either."}, {"start": "00:05:23", "end": "00:05:27", "text": "It's not just them. It's happening"}, {"start": "00:05:25", "end": "00:05:30", "text": "across the board, but they are the only"}, {"start": "00:05:27", "end": "00:05:33", "text": "ones who have announced so publicly."}, {"start": "00:05:30", "end": "00:05:35", "text": "The secondary part is that uh they know"}, {"start": "00:05:33", "end": "00:05:38", "text": "how market dynamics work and it has to"}, {"start": "00:05:35", "end": "00:05:40", "text": "basically do with supply and demand. So"}, {"start": "00:05:38", "end": "00:05:43", "text": "if you can make sure that you're holding"}, {"start": "00:05:40", "end": "00:05:46", "text": "a huge portion of the supply there, I"}, {"start": "00:05:43", "end": "00:05:49", "text": "think they're like a quarter of a"}, {"start": "00:05:46", "end": "00:05:52", "text": "percent away from holding 5% of all"}, {"start": "00:05:49", "end": "00:05:55", "text": "Ether that has ever existed."}, {"start": "00:05:52", "end": "00:05:58", "text": "If you can lock a huge portion of that"}, {"start": "00:05:55", "end": "00:06:02", "text": "away, you basically drop the circulating"}, {"start": "00:05:58", "end": "00:06:06", "text": "supply even lower. So we last heard, was"}, {"start": "00:06:02", "end": "00:06:08", "text": "it 30 or 40% somewhere around there? the"}, {"start": "00:06:06", "end": "00:06:10", "text": "amount of ETH that's currently locked"}, {"start": "00:06:08", "end": "00:06:13", "text": "up. We know that all these companies and"}, {"start": "00:06:10", "end": "00:06:15", "text": "corporations are looking for a very easy"}, {"start": "00:06:13", "end": "00:06:17", "text": "way to be able to show their investors"}, {"start": "00:06:15", "end": "00:06:19", "text": "that they're making money on the side."}, {"start": "00:06:17", "end": "00:06:22", "text": "And a very clever way to do this is by"}, {"start": "00:06:19", "end": "00:06:24", "text": "buying crypto and then staking it so"}, {"start": "00:06:22", "end": "00:06:28", "text": "that you can say, \"Look, every single"}, {"start": "00:06:24", "end": "00:06:31", "text": "day we're making $65,000."}, {"start": "00:06:28", "end": "00:06:33", "text": "every single day like like Bitmindine,"}, {"start": "00:06:31", "end": "00:06:36", "text": "we're making a million dollars per day"}, {"start": "00:06:33", "end": "00:06:38", "text": "just from staking."}, {"start": "00:06:36", "end": "00:06:40", "text": "This bodess well for people who have"}, {"start": "00:06:38", "end": "00:06:41", "text": "Ether and also for these companies"}, {"start": "00:06:40", "end": "00:06:43", "text": "because you can basically just"}, {"start": "00:06:41", "end": "00:06:46", "text": "continuously roll it in that direction."}, {"start": "00:06:43", "end": "00:06:48", "text": "You accumulate more Ether. You keep"}, {"start": "00:06:46", "end": "00:06:50", "text": "locking it away and then essentially you"}, {"start": "00:06:48", "end": "00:06:52", "text": "have more money that's going to be"}, {"start": "00:06:50", "end": "00:06:55", "text": "locked, less ether that's going to be"}, {"start": "00:06:52", "end": "00:06:58", "text": "pushed around. And then dare I say the"}, {"start": "00:06:55", "end": "00:07:01", "text": "words out loud, the idea of an altcoin"}, {"start": "00:06:58", "end": "00:07:03", "text": "season still very prominently in the"}, {"start": "00:07:01", "end": "00:07:08", "text": "minds of a lot of people within this"}, {"start": "00:07:03", "end": "00:07:11", "text": "market. This will happen if"}, {"start": "00:07:08", "end": "00:07:14", "text": "we get Ether going to higher prices."}, {"start": "00:07:11", "end": "00:07:17", "text": "Also on the backs of the Clarity Act,"}, {"start": "00:07:14", "end": "00:07:21", "text": "they said, and I quote, \"The"}, {"start": "00:07:17", "end": "00:07:24", "text": "recordbreaking locked ETH supply and"}, {"start": "00:07:21", "end": "00:07:27", "text": "long-term investors treating dips as"}, {"start": "00:07:24", "end": "00:07:31", "text": "buying opportunities have made selling"}, {"start": "00:07:27", "end": "00:07:35", "text": "pressure notably less severe during bare"}, {"start": "00:07:31", "end": "00:07:39", "text": "phases of the market. Additionally,"}, {"start": "00:07:35", "end": "00:07:42", "text": "Ethereum's realized cap metric, which"}, {"start": "00:07:39", "end": "00:07:44", "text": "calculates the total value of all ETH"}, {"start": "00:07:42", "end": "00:07:48", "text": "based on the last transaction price,"}, {"start": "00:07:44", "end": "00:07:51", "text": "continues to climb. This upward movement"}, {"start": "00:07:48", "end": "00:07:56", "text": "points to sustained capital inflows"}, {"start": "00:07:51", "end": "00:08:01", "text": "within the market. I say as a final"}, {"start": "00:07:56", "end": "00:08:06", "text": "thought, we are very close now. I told"}, {"start": "00:08:01", "end": "00:08:08", "text": "you before, I myself am totally fine"}, {"start": "00:08:06", "end": "00:08:10", "text": "with the idea. Here's here's You want"}, {"start": "00:08:08", "end": "00:08:14", "text": "some real news?"}, {"start": "00:08:10", "end": "00:08:19", "text": "I'm totally fine with the idea"}, {"start": "00:08:14", "end": "00:08:22", "text": "of a a 4-year market cycle. There are"}, {"start": "00:08:19", "end": "00:08:24", "text": "12% of investors who have said that they"}, {"start": "00:08:22", "end": "00:08:28", "text": "think that we are still in a four-year"}, {"start": "00:08:24", "end": "00:08:33", "text": "cycle. Everyone else says no. Four-year"}, {"start": "00:08:28", "end": "00:08:36", "text": "cycle broken. Bitcoin 3x 2026."}, {"start": "00:08:33", "end": "00:08:37", "text": "The realistic thing for those of you who"}, {"start": "00:08:36", "end": "00:08:40", "text": "haven't been here before, who are"}, {"start": "00:08:37", "end": "00:08:44", "text": "relatively new, if this is your first"}, {"start": "00:08:40", "end": "00:08:47", "text": "cycle, is that cycles don't begin when"}, {"start": "00:08:44", "end": "00:08:51", "text": "the having happens. They happen in"}, {"start": "00:08:47", "end": "00:08:54", "text": "anticipation of the actual having. The"}, {"start": "00:08:51", "end": "00:08:58", "text": "next having is in 2028."}, {"start": "00:08:54", "end": "00:09:00", "text": "Do you know when historically the prices"}, {"start": "00:08:58", "end": "00:09:03", "text": "begin to move up in anticipation of the"}, {"start": "00:09:00", "end": "00:09:06", "text": "next having?"}, {"start": "00:09:03", "end": "00:09:12", "text": "It's always two years before it. This"}, {"start": "00:09:06", "end": "00:09:15", "text": "logically means even if even if even if"}, {"start": "00:09:12", "end": "00:09:17", "text": "cryptocurrency prices don't skyrocket"}, {"start": "00:09:15", "end": "00:09:21", "text": "and I mean like sky"}, {"start": "00:09:17", "end": "00:09:25", "text": "rocket this year by the time we actually"}, {"start": "00:09:21", "end": "00:09:28", "text": "get to September October that that that"}, {"start": "00:09:25", "end": "00:09:32", "text": "actually begins the new cycle there's"}, {"start": "00:09:28", "end": "00:09:34", "text": "usually a move up in price for two years"}, {"start": "00:09:32", "end": "00:09:36", "text": "you can see it in all the other charts"}, {"start": "00:09:34", "end": "00:09:38", "text": "look at the other charts when the having"}, {"start": "00:09:36", "end": "00:09:41", "text": "was 2 years before that's when prices"}, {"start": "00:09:38", "end": "00:09:43", "text": "begin to move up in anticipation of the"}, {"start": "00:09:41", "end": "00:09:45", "text": "year of the having prices go a bit"}, {"start": "00:09:43", "end": "00:09:47", "text": "higher. But it's not until the year"}, {"start": "00:09:45", "end": "00:09:52", "text": "after that we hit the miraculous awesome"}, {"start": "00:09:47", "end": "00:09:55", "text": "super cool mega uh new price highs. But"}, {"start": "00:09:52", "end": "00:09:58", "text": "it would appear that accumulation right"}, {"start": "00:09:55", "end": "00:10:01", "text": "now is leaning us in one direction. This"}, {"start": "00:09:58", "end": "00:10:02", "text": "is to make sure that we're all on the"}, {"start": "00:10:01", "end": "00:10:04", "text": "same page."}, {"start": "00:10:02", "end": "00:10:06", "text": "All the analysts are saying that prices"}, {"start": "00:10:04", "end": "00:10:08", "text": "are going to go a lot higher. All"}, {"start": "00:10:06", "end": "00:10:10", "text": "indicators are pointing in that"}, {"start": "00:10:08", "end": "00:10:12", "text": "direction, especially with this level of"}, {"start": "00:10:10", "end": "00:10:14", "text": "accumulation with them purposefully"}, {"start": "00:10:12", "end": "00:10:17", "text": "locking up the supply to make sure that"}, {"start": "00:10:14", "end": "00:10:20", "text": "there's less out there. However,"}, {"start": "00:10:17", "end": "00:10:22", "text": "crypto will be fine. We will do just"}, {"start": "00:10:20", "end": "00:10:26", "text": "great"}, {"start": "00:10:22", "end": "00:10:26", "text": "even if it's just us,"}, {"start": "00:10:26", "end": "00:10:30", "text": "it looks like things within the next"}, {"start": "00:10:28", "end": "00:10:33", "text": "couple of weeks should start kicking"}, {"start": "00:10:30", "end": "00:10:35", "text": "off. The first domino that has to fall"}, {"start": "00:10:33", "end": "00:10:38", "text": "is the Fed lowering interest rates. That"}, {"start": "00:10:35", "end": "00:10:42", "text": "is literally the thing that will set the"}, {"start": "00:10:38", "end": "00:10:44", "text": "stage for the rest of this year. Yeah."}, {"start": "00:10:42", "end": "00:10:47", "text": "So, institutions are constantly buying."}, {"start": "00:10:44", "end": "00:10:52", "text": "They will not stop anytime soon. We're"}, {"start": "00:10:47", "end": "00:10:54", "text": "expecting or we've heard that by 2030"}, {"start": "00:10:52", "end": "00:10:56", "text": "2031"}, {"start": "00:10:54", "end": "00:11:01", "text": "we've had numbers thrown at us of a"}, {"start": "00:10:56", "end": "00:11:03", "text": "$65,000 $85,000 ether. That's not a"}, {"start": "00:11:01", "end": "00:11:07", "text": "joke. That's what all the tokenization"}, {"start": "00:11:03", "end": "00:11:10", "text": "news has been revolving around. So,"}, {"start": "00:11:07", "end": "00:11:12", "text": "we'll see."}, {"start": "00:11:10", "end": "00:11:15", "text": "Okie dokie."}, {"start": "00:11:12", "end": "00:11:18", "text": "Let's move on."}, {"start": "00:11:15", "end": "00:11:20", "text": "And the same idea of trying to"}, {"start": "00:11:18", "end": "00:11:23", "text": "everyone's throwing out everything right"}, {"start": "00:11:20", "end": "00:11:25", "text": "now and trying to make sure that they"}, {"start": "00:11:23", "end": "00:11:28", "text": "are"}, {"start": "00:11:25", "end": "00:11:32", "text": "known within the space. The idea of"}, {"start": "00:11:28", "end": "00:11:34", "text": "yield is is firmly planted now within"}, {"start": "00:11:32", "end": "00:11:37", "text": "the cryptocurrency market as something"}, {"start": "00:11:34", "end": "00:11:40", "text": "that has to happen. Years ago, it was"}, {"start": "00:11:37", "end": "00:11:42", "text": "the idea of having smart contracts. It"}, {"start": "00:11:40", "end": "00:11:44", "text": "was the idea of other chains being able"}, {"start": "00:11:42", "end": "00:11:47", "text": "to build on top of you, multi-chain,"}, {"start": "00:11:44", "end": "00:11:50", "text": "side chain. The new thing now for Wall"}, {"start": "00:11:47", "end": "00:11:53", "text": "Street and subsequently for the rest of"}, {"start": "00:11:50", "end": "00:11:56", "text": "the world is being able to provide some"}, {"start": "00:11:53", "end": "00:11:58", "text": "kind of passive income."}, {"start": "00:11:56", "end": "00:12:02", "text": "For those of you not looking at the"}, {"start": "00:11:58", "end": "00:12:06", "text": "screen, uh Flare is back in the news. It"}, {"start": "00:12:02", "end": "00:12:12", "text": "says Flare has added an MXRP"}, {"start": "00:12:06", "end": "00:12:14", "text": "Y vault targeting 3 to 4% as an XRP DeFi"}, {"start": "00:12:12", "end": "00:12:18", "text": "yield option."}, {"start": "00:12:14", "end": "00:12:20", "text": "XRP isn't often spoken about in the in"}, {"start": "00:12:18", "end": "00:12:24", "text": "the DeFi world, the decentralized"}, {"start": "00:12:20", "end": "00:12:26", "text": "finance world, but Ripple clearly is"}, {"start": "00:12:24", "end": "00:12:29", "text": "looking to change that as this is one of"}, {"start": "00:12:26", "end": "00:12:32", "text": "the reasons why Ethereum has gotten and"}, {"start": "00:12:29", "end": "00:12:34", "text": "remained so popular. It's cool being"}, {"start": "00:12:32", "end": "00:12:37", "text": "able to hold on to the Ether. It's"}, {"start": "00:12:34", "end": "00:12:39", "text": "cooler to be able to stake it and get"}, {"start": "00:12:37", "end": "00:12:42", "text": "2.8%"}, {"start": "00:12:39", "end": "00:12:45", "text": "return on your money. What's even cooler"}, {"start": "00:12:42", "end": "00:12:48", "text": "is being able to take that ether, put it"}, {"start": "00:12:45", "end": "00:12:51", "text": "into a protocol, and make 9% per year."}, {"start": "00:12:48", "end": "00:12:53", "text": "That's lit. That's that's that's a huge"}, {"start": "00:12:51", "end": "00:12:55", "text": "thing that a lot of companies and"}, {"start": "00:12:53", "end": "00:12:57", "text": "institutions are all so part of right"}, {"start": "00:12:55", "end": "00:13:01", "text": "now. And this is why you keep hearing"}, {"start": "00:12:57", "end": "00:13:04", "text": "every now and again the idea of Cardano"}, {"start": "00:13:01", "end": "00:13:07", "text": "integrating with Bitcoin or this coin"}, {"start": "00:13:04", "end": "00:13:10", "text": "integrating with Bitcoin as Bitcoin has"}, {"start": "00:13:07", "end": "00:13:13", "text": "a higher market cap and therefore more"}, {"start": "00:13:10", "end": "00:13:16", "text": "money to slosh around. Being able to"}, {"start": "00:13:13", "end": "00:13:18", "text": "link that to DeFi would essentially"}, {"start": "00:13:16", "end": "00:13:21", "text": "provide an extra source of passive"}, {"start": "00:13:18", "end": "00:13:24", "text": "income from these coins. The goal is to"}, {"start": "00:13:21", "end": "00:13:26", "text": "make money passively. We all get that."}, {"start": "00:13:24", "end": "00:13:29", "text": "The other goal is to literally hold an"}, {"start": "00:13:26", "end": "00:13:32", "text": "asset and it makes money for you."}, {"start": "00:13:29", "end": "00:13:35", "text": "You buy an investment property, it sits"}, {"start": "00:13:32", "end": "00:13:38", "text": "there, it continues to rise in value and"}, {"start": "00:13:35", "end": "00:13:40", "text": "then you get rent from it. That's what"}, {"start": "00:13:38", "end": "00:13:42", "text": "the goal is. So now for crypto, because"}, {"start": "00:13:40", "end": "00:13:45", "text": "these things are possible, everyone's"}, {"start": "00:13:42", "end": "00:13:47", "text": "launching, releasing, announcing"}, {"start": "00:13:45", "end": "00:13:49", "text": "that they also have these things and"}, {"start": "00:13:47", "end": "00:13:52", "text": "it's going to change the way that we"}, {"start": "00:13:49", "end": "00:13:54", "text": "think about money. So, as we've gone"}, {"start": "00:13:52", "end": "00:13:57", "text": "over before, a lot of you have been"}, {"start": "00:13:54", "end": "00:13:59", "text": "accumulating XRP, you've been"}, {"start": "00:13:57", "end": "00:14:02", "text": "accumulating Bitcoin, Ether, whatever"}, {"start": "00:13:59", "end": "00:14:06", "text": "your favorite coin might be. If these"}, {"start": "00:14:02", "end": "00:14:10", "text": "coins go up in price, if we end up"}, {"start": "00:14:06", "end": "00:14:13", "text": "getting a $28 XRP and at the same exact"}, {"start": "00:14:10", "end": "00:14:16", "text": "time you haven't relinquished your XRP,"}, {"start": "00:14:13", "end": "00:14:19", "text": "you're holding on to it, it it's done a"}, {"start": "00:14:16", "end": "00:14:23", "text": "27x in price and you've also been making"}, {"start": "00:14:19", "end": "00:14:25", "text": "3 to 4% on that for doing absolutely"}, {"start": "00:14:23", "end": "00:14:28", "text": "nothing, then you have the golden"}, {"start": "00:14:25", "end": "00:14:31", "text": "ticket. That's the cornerstone of"}, {"start": "00:14:28", "end": "00:14:34", "text": "investing."}, {"start": "00:14:31", "end": "00:14:39", "text": "It says, and I quote, \"A real financial"}, {"start": "00:14:34", "end": "00:14:42", "text": "system needs broader menu of options.\""}, {"start": "00:14:39", "end": "00:14:45", "text": "This was said by Sheilyang Tang,"}, {"start": "00:14:42", "end": "00:14:46", "text": "managing partner at Monarch Asset."}, {"start": "00:14:45", "end": "00:14:48", "text": "That's one of my favorite words,"}, {"start": "00:14:46", "end": "00:14:51", "text": "Monarch. I don't know why. Monarch Asset"}, {"start": "00:14:48", "end": "00:14:54", "text": "Management. He said, \"MxRPY"}, {"start": "00:14:51", "end": "00:14:56", "text": "is built to be one of those options for"}, {"start": "00:14:54", "end": "00:15:00", "text": "XRP holders."}, {"start": "00:14:56", "end": "00:15:03", "text": "Users will receive the MXRPY"}, {"start": "00:15:00", "end": "00:15:06", "text": "token representing their deposits and"}, {"start": "00:15:03", "end": "00:15:08", "text": "acrudeed yield. Withdrawals are"}, {"start": "00:15:06", "end": "00:15:11", "text": "processed weekly on Fridays"}, {"start": "00:15:08", "end": "00:15:14", "text": "with an optional feebased instant"}, {"start": "00:15:11", "end": "00:15:18", "text": "redemption feature. The launch comes as"}, {"start": "00:15:14", "end": "00:15:21", "text": "Flair's XRP DeFi ecosystem continues to"}, {"start": "00:15:18", "end": "00:15:25", "text": "grow with new products emerging across"}, {"start": "00:15:21", "end": "00:15:28", "text": "lending, liquidity, and staking"}, {"start": "00:15:25", "end": "00:15:31", "text": "protocols powered by Flare XRP and"}, {"start": "00:15:28", "end": "00:15:33", "text": "Flair's interoperability framework. A"}, {"start": "00:15:31", "end": "00:15:36", "text": "standalone application is planned"}, {"start": "00:15:33", "end": "00:15:38", "text": "allowing users to connect via XRP ledger"}, {"start": "00:15:36", "end": "00:15:41", "text": "wallets and allocate capital through a"}, {"start": "00:15:38", "end": "00:15:44", "text": "single signature flow enabled by Flare"}, {"start": "00:15:41", "end": "00:15:47", "text": "smart contracts. We heard this was"}, {"start": "00:15:44", "end": "00:15:49", "text": "February maybe March there was a lot of"}, {"start": "00:15:47", "end": "00:15:51", "text": "Flare news. I think they had released"}, {"start": "00:15:49", "end": "00:15:54", "text": "two or three new products. It's what"}, {"start": "00:15:51", "end": "00:15:57", "text": "kind of everyone is doing. many other"}, {"start": "00:15:54", "end": "00:16:02", "text": "coins are more established"}, {"start": "00:15:57", "end": "00:16:05", "text": "in the DeFi yield kind of space. So, XRP"}, {"start": "00:16:02", "end": "00:16:07", "text": "in essence is is catching up. But as I"}, {"start": "00:16:05", "end": "00:16:09", "text": "mean it's the same for Bitcoin. Bitcoin"}, {"start": "00:16:07", "end": "00:16:11", "text": "has about 19 of these different"}, {"start": "00:16:09", "end": "00:16:14", "text": "protocols,"}, {"start": "00:16:11", "end": "00:16:17", "text": "but none of them have like really"}, {"start": "00:16:14", "end": "00:16:20", "text": "caught on per se."}, {"start": "00:16:17", "end": "00:16:22", "text": "So, by all logic, these things will of"}, {"start": "00:16:20", "end": "00:16:24", "text": "course become more popular. There are"}, {"start": "00:16:22", "end": "00:16:25", "text": "tons of people who have XRP, tons of"}, {"start": "00:16:24", "end": "00:16:27", "text": "companies and banks that we've been"}, {"start": "00:16:25", "end": "00:16:30", "text": "hearing about, tons of people who have"}, {"start": "00:16:27", "end": "00:16:33", "text": "Bitcoin. I believe"}, {"start": "00:16:30", "end": "00:16:35", "text": "these will become mainstream"}, {"start": "00:16:33", "end": "00:16:38", "text": "when"}, {"start": "00:16:35", "end": "00:16:39", "text": "they are utilized by crypto exchanges."}, {"start": "00:16:38", "end": "00:16:41", "text": "So, right now, if you're on Coinbase, if"}, {"start": "00:16:39", "end": "00:16:44", "text": "you're on Binance, if you're on Kraken,"}, {"start": "00:16:41", "end": "00:16:47", "text": "you can you can stake your Ether, you"}, {"start": "00:16:44", "end": "00:16:51", "text": "can stake your Cardano. They're DeFi"}, {"start": "00:16:47", "end": "00:16:52", "text": "options, but at least to my knowledge on"}, {"start": "00:16:51", "end": "00:16:55", "text": "Coinbase and other places, I don't think"}, {"start": "00:16:52", "end": "00:16:59", "text": "there's like a button now that says like"}, {"start": "00:16:55", "end": "00:17:02", "text": "stake your XRP or stake your Bitcoin and"}, {"start": "00:16:59", "end": "00:17:05", "text": "receive this amount of money. So when"}, {"start": "00:17:02", "end": "00:17:08", "text": "that happens, I mean once again all"}, {"start": "00:17:05", "end": "00:17:10", "text": "these protocols are launching, exchanges"}, {"start": "00:17:08", "end": "00:17:12", "text": "will choose one of them. They'll focus"}, {"start": "00:17:10", "end": "00:17:14", "text": "on it and that will be the brand new"}, {"start": "00:17:12", "end": "00:17:17", "text": "thing. So yeah, these are going to be"}, {"start": "00:17:14", "end": "00:17:19", "text": "very popular and Flare is uh releasing"}, {"start": "00:17:17", "end": "00:17:20", "text": "more and more news. They they were"}, {"start": "00:17:19", "end": "00:17:22", "text": "talking about this like a year and a"}, {"start": "00:17:20", "end": "00:17:25", "text": "half, two years ago. So it's nice to see"}, {"start": "00:17:22", "end": "00:17:28", "text": "that these things are actually uh"}, {"start": "00:17:25", "end": "00:17:32", "text": "becoming something. Yeah, that's the"}, {"start": "00:17:28", "end": "00:17:32", "text": "Flare MXRPY"}, {"start": "00:17:32", "end": "00:17:37", "text": "uh defy yield news. All it takes is a"}, {"start": "00:17:36", "end": "00:17:40", "text": "button that's going to that's going to"}, {"start": "00:17:37", "end": "00:17:41", "text": "completely cause all of these things to"}, {"start": "00:17:40", "end": "00:17:44", "text": "take off."}, {"start": "00:17:41", "end": "00:17:47", "text": "And yeah,"}, {"start": "00:17:44", "end": "00:17:47", "text": "let's move on."}, {"start": "00:17:48", "end": "00:17:53", "text": "Also in the news, this shouldn't be"}, {"start": "00:17:51", "end": "00:17:54", "text": "surprising. We've had stuff like this"}, {"start": "00:17:53", "end": "00:17:57", "text": "before."}, {"start": "00:17:54", "end": "00:18:01", "text": "I I think people underestimate quite"}, {"start": "00:17:57", "end": "00:18:03", "text": "heavily just how many"}, {"start": "00:18:01", "end": "00:18:06", "text": "institutions and banks around the world"}, {"start": "00:18:03", "end": "00:18:08", "text": "are into crypto. I think four years ago,"}, {"start": "00:18:06", "end": "00:18:11", "text": "we had I forgot the name of this place"}, {"start": "00:18:08", "end": "00:18:13", "text": "in Switzerland. uh it's it's some crypto"}, {"start": "00:18:11", "end": "00:18:15", "text": "city, whatever they call it. And people"}, {"start": "00:18:13", "end": "00:18:17", "text": "were like were shocked that that the"}, {"start": "00:18:15", "end": "00:18:19", "text": "there was the rumors that the banks were"}, {"start": "00:18:17", "end": "00:18:21", "text": "buying crypto and that the banks were"}, {"start": "00:18:19", "end": "00:18:22", "text": "allowing this with crypto and they're"}, {"start": "00:18:21", "end": "00:18:24", "text": "like, \"What? You can't do that. You're a"}, {"start": "00:18:22", "end": "00:18:26", "text": "bank.\""}, {"start": "00:18:24", "end": "00:18:28", "text": "If we,"}, {"start": "00:18:26", "end": "00:18:31", "text": "me and you,"}, {"start": "00:18:28", "end": "00:18:33", "text": "if we understand"}, {"start": "00:18:31", "end": "00:18:35", "text": "the idea that these things are being"}, {"start": "00:18:33", "end": "00:18:38", "text": "adopted and their prices might"}, {"start": "00:18:35", "end": "00:18:42", "text": "potentially do a 15x from where they are"}, {"start": "00:18:38", "end": "00:18:45", "text": "now, these banks understand the exact"}, {"start": "00:18:42", "end": "00:18:47", "text": "same thing. There's no idea for,"}, {"start": "00:18:45", "end": "00:18:51", "text": "especially for very wealthy people or"}, {"start": "00:18:47", "end": "00:18:52", "text": "entities, there's no real idea of like"}, {"start": "00:18:51", "end": "00:18:54", "text": "other people are going to make a lot of"}, {"start": "00:18:52", "end": "00:18:57", "text": "money from this thing. It's"}, {"start": "00:18:54", "end": "00:18:59", "text": "decentralized. I can't touch it. No, you"}, {"start": "00:18:57", "end": "00:19:02", "text": "also get into the game as well so that"}, {"start": "00:18:59", "end": "00:19:06", "text": "you can make sure that you make a lot of"}, {"start": "00:19:02", "end": "00:19:08", "text": "money. They are called Intensa S."}, {"start": "00:19:06", "end": "00:19:12", "text": "Paulao."}, {"start": "00:19:08", "end": "00:19:14", "text": "Okay. They are Italy's largest bank."}, {"start": "00:19:12", "end": "00:19:18", "text": "Italy's largest bank has more than"}, {"start": "00:19:14", "end": "00:19:21", "text": "doubled its crypto exposure in the first"}, {"start": "00:19:18", "end": "00:19:24", "text": "quarter of 2026"}, {"start": "00:19:21", "end": "00:19:30", "text": "with holdings climbing from around $100"}, {"start": "00:19:24", "end": "00:19:32", "text": "million at the end of last year to $235"}, {"start": "00:19:30", "end": "00:19:34", "text": "million"}, {"start": "00:19:32", "end": "00:19:37", "text": "as of the 31st of March. I assume we're"}, {"start": "00:19:34", "end": "00:19:40", "text": "getting their quarter 1 information and"}, {"start": "00:19:37", "end": "00:19:42", "text": "we I would you know a couple of weeks we"}, {"start": "00:19:40", "end": "00:19:46", "text": "would be getting their their Q2"}, {"start": "00:19:42", "end": "00:19:49", "text": "information as well. The growth was"}, {"start": "00:19:46", "end": "00:19:52", "text": "driven by expanded Bitcoin positions"}, {"start": "00:19:49", "end": "00:19:56", "text": "with the bank adding to its positions in"}, {"start": "00:19:52", "end": "00:19:58", "text": "both the ARK 21 shares Bitcoin ETF and"}, {"start": "00:19:56", "end": "00:20:02", "text": "Black Rockck's iShares Bitcoin Trust"}, {"start": "00:19:58", "end": "00:20:04", "text": "ETF. It also entered Ethereum for the"}, {"start": "00:20:02", "end": "00:20:08", "text": "first time through Black Rockck's"}, {"start": "00:20:04", "end": "00:20:12", "text": "iShares staked Ethereum Trust and picked"}, {"start": "00:20:08", "end": "00:20:16", "text": "up a fresh stake in Ripple's XRP via the"}, {"start": "00:20:12", "end": "00:20:20", "text": "Grayscale XRP Trust ETF worth"}, {"start": "00:20:16", "end": "00:20:23", "text": "approximately $26 million"}, {"start": "00:20:20", "end": "00:20:27", "text": "according to a report by local crypto"}, {"start": "00:20:23", "end": "00:20:27", "text": "outlet cryptovaluta.it."}, {"start": "00:20:28", "end": "00:20:33", "text": "I don't know why I did that accent. Um,"}, {"start": "00:20:30", "end": "00:20:35", "text": "this is also I mean this for me at least"}, {"start": "00:20:33", "end": "00:20:37", "text": "this ties very closely into the news"}, {"start": "00:20:35", "end": "00:20:42", "text": "that we got before about those uh"}, {"start": "00:20:37", "end": "00:20:44", "text": "Canadian banks. I I I I I"}, {"start": "00:20:42", "end": "00:20:47", "text": "just that was a lot of eyes. I want to"}, {"start": "00:20:44", "end": "00:20:52", "text": "understand people's mindsets when they"}, {"start": "00:20:47", "end": "00:20:57", "text": "hear a lot of this uh kind of news."}, {"start": "00:20:52", "end": "00:21:00", "text": "We have proof and we know that banks and"}, {"start": "00:20:57", "end": "00:21:02", "text": "institutions are in the cryptocurrency"}, {"start": "00:21:00", "end": "00:21:05", "text": "space."}, {"start": "00:21:02", "end": "00:21:07", "text": "If they're buying up all the crypto, and"}, {"start": "00:21:05", "end": "00:21:10", "text": "I mean even putting hundreds of millions"}, {"start": "00:21:07", "end": "00:21:14", "text": "of dollars into the Bitcoin ETFs or XRP"}, {"start": "00:21:10", "end": "00:21:17", "text": "or Ethereum, I don't care."}, {"start": "00:21:14", "end": "00:21:20", "text": "I want to believe that this does"}, {"start": "00:21:17", "end": "00:21:23", "text": "something positively mentally for"}, {"start": "00:21:20", "end": "00:21:25", "text": "investors in the cryptocurrency space. I"}, {"start": "00:21:23", "end": "00:21:29", "text": "think I've kind of"}, {"start": "00:21:25", "end": "00:21:31", "text": "come to the idea that is is crypto too"}, {"start": "00:21:29", "end": "00:21:34", "text": "abstract"}, {"start": "00:21:31", "end": "00:21:36", "text": "for people to not to understand, but"}, {"start": "00:21:34", "end": "00:21:38", "text": "like you get what I mean, right? I I I"}, {"start": "00:21:36", "end": "00:21:40", "text": "wonder sometimes why uh more people"}, {"start": "00:21:38", "end": "00:21:43", "text": "aren't into crypto. And I mean, it could"}, {"start": "00:21:40", "end": "00:21:45", "text": "just be like maybe this it's just not"}, {"start": "00:21:43", "end": "00:21:47", "text": "something that they can like wrap their"}, {"start": "00:21:45", "end": "00:21:51", "text": "heads around or I don't know. Everyone"}, {"start": "00:21:47", "end": "00:21:53", "text": "has a a hobby, I guess. But I find it"}, {"start": "00:21:51", "end": "00:21:56", "text": "incredibly weird"}, {"start": "00:21:53", "end": "00:21:59", "text": "that we get news like this now"}, {"start": "00:21:56", "end": "00:22:02", "text": "and there isn't like a a rapid rush of"}, {"start": "00:21:59", "end": "00:22:04", "text": "people into the market."}, {"start": "00:22:02", "end": "00:22:05", "text": "So like when we heard like all the"}, {"start": "00:22:04", "end": "00:22:08", "text": "states within the United States were"}, {"start": "00:22:05", "end": "00:22:11", "text": "trying to adopt crypto and some of them"}, {"start": "00:22:08", "end": "00:22:12", "text": "started like Bitcoin and crypto reserves"}, {"start": "00:22:11", "end": "00:22:15", "text": "and then this country was doing it and"}, {"start": "00:22:12", "end": "00:22:17", "text": "that that's I was one time I was like"}, {"start": "00:22:15", "end": "00:22:20", "text": "when you hear that the largest bank in"}, {"start": "00:22:17", "end": "00:22:23", "text": "Italy or four of the largest banks in"}, {"start": "00:22:20", "end": "00:22:25", "text": "Canada or two banks in Switzerland,"}, {"start": "00:22:23", "end": "00:22:27", "text": "three banks in Germany, the the German"}, {"start": "00:22:25", "end": "00:22:30", "text": "stock exchange, the London Stock"}, {"start": "00:22:27", "end": "00:22:32", "text": "Exchange, all these people are getting"}, {"start": "00:22:30", "end": "00:22:35", "text": "into tokenizing and crypto."}, {"start": "00:22:32", "end": "00:22:38", "text": "and the market. I just always assume"}, {"start": "00:22:35", "end": "00:22:40", "text": "that that news will trickle down to"}, {"start": "00:22:38", "end": "00:22:45", "text": "other people and they'll kind of get it,"}, {"start": "00:22:40", "end": "00:22:48", "text": "but I guess not. In Tesla"}, {"start": "00:22:45", "end": "00:22:50", "text": "also opened a new position in iShares"}, {"start": "00:22:48", "end": "00:22:53", "text": "Bitcoin Trust call options is first"}, {"start": "00:22:50", "end": "00:22:57", "text": "derivatives play in the space. The bank"}, {"start": "00:22:53", "end": "00:22:59", "text": "previously confirmed to Crypto Valuta"}, {"start": "00:22:57", "end": "00:23:02", "text": "that its crypto positions are held for"}, {"start": "00:22:59", "end": "00:23:04", "text": "proprietary trading purchases, though it"}, {"start": "00:23:02", "end": "00:23:06", "text": "has not disclosed whether any of the"}, {"start": "00:23:04", "end": "00:23:09", "text": "assets are also used to hedge products"}, {"start": "00:23:06", "end": "00:23:12", "text": "offered to professional clients, the"}, {"start": "00:23:09", "end": "00:23:16", "text": "report says. And then they have a little"}, {"start": "00:23:12", "end": "00:23:18", "text": "there's a list here. Wow. Um, they have"}, {"start": "00:23:16", "end": "00:23:20", "text": "Bitcoin, they have Bitcoin, they have"}, {"start": "00:23:18", "end": "00:23:22", "text": "Bitcoin, they have Bitcoin, they have"}, {"start": "00:23:20", "end": "00:23:24", "text": "Bitcoin, they have Salana, they have"}, {"start": "00:23:22", "end": "00:23:26", "text": "XRP,"}, {"start": "00:23:24", "end": "00:23:33", "text": "they have Ether, and they have Ether."}, {"start": "00:23:26", "end": "00:23:33", "text": "There's a there's a Salana staking ETF."}, {"start": "00:23:34", "end": "00:23:39", "text": "Why did Why wasn't that in the news? And"}, {"start": "00:23:37", "end": "00:23:43", "text": "I mean like within the last couple of"}, {"start": "00:23:39", "end": "00:23:47", "text": "months. Did that launch last year and we"}, {"start": "00:23:43", "end": "00:23:47", "text": "just didn't pay attention."}, {"start": "00:23:48", "end": "00:23:55", "text": "There's a Salana staking ETF. Okay. So"}, {"start": "00:23:53", "end": "00:23:58", "text": "they have ARC 21 shares, Bitwise,"}, {"start": "00:23:55", "end": "00:24:01", "text": "Gayscale, Gayscalees Bitcoin Mini Trust,"}, {"start": "00:23:58", "end": "00:24:05", "text": "iShares Bitcoin Trust, Bitwise Salana"}, {"start": "00:24:01", "end": "00:24:08", "text": "Staking, Grayscale XRP, Eyesshares"}, {"start": "00:24:05", "end": "00:24:11", "text": "Staking, and Eyesshares Bitcoin ETF call"}, {"start": "00:24:08", "end": "00:24:11", "text": "options."}, {"start": "00:24:12", "end": "00:24:20", "text": "Cool."}, {"start": "00:24:13", "end": "00:24:23", "text": "I bring this news to you just because um"}, {"start": "00:24:20", "end": "00:24:26", "text": "Oh, they reduced their their uh they"}, {"start": "00:24:23", "end": "00:24:27", "text": "reduced their Salana a lot. Hold on. I"}, {"start": "00:24:26", "end": "00:24:30", "text": "think you should be able to Yeah, you"}, {"start": "00:24:27", "end": "00:24:34", "text": "can see it. Uh in December, this is the"}, {"start": "00:24:30", "end": "00:24:38", "text": "December column. They had 266,000"}, {"start": "00:24:34", "end": "00:24:41", "text": "shares. Now they have Is that 2.8 or is"}, {"start": "00:24:38", "end": "00:24:41", "text": "that 2,817?"}, {"start": "00:24:41", "end": "00:24:47", "text": "I think that's 2.8 8 shares."}, {"start": "00:24:44", "end": "00:24:50", "text": "That's kind of weird. That was last"}, {"start": "00:24:47", "end": "00:24:52", "text": "year. They have 200,000 more Bitcoin. Uh"}, {"start": "00:24:50", "end": "00:24:56", "text": "at least for the iShares one, they had"}, {"start": "00:24:52", "end": "00:24:59", "text": "no XRP last year. Now they have 712,000"}, {"start": "00:24:56", "end": "00:25:03", "text": "shares. They had no Ethereum staking."}, {"start": "00:24:59", "end": "00:25:07", "text": "Now they have 3.1 million and they have"}, {"start": "00:25:03", "end": "00:25:08", "text": "2.4 for the call options as well. Also,"}, {"start": "00:25:07", "end": "00:25:11", "text": "I bring this news to you just so that"}, {"start": "00:25:08", "end": "00:25:15", "text": "you are aware of what's happening,"}, {"start": "00:25:11", "end": "00:25:19", "text": "what's going on. I"}, {"start": "00:25:15", "end": "00:25:22", "text": "wholeheartedly refuse to have any of you"}, {"start": "00:25:19", "end": "00:25:25", "text": "announce in a year, two years, 5 years,"}, {"start": "00:25:22", "end": "00:25:28", "text": "dare I say, a decade that you didn't"}, {"start": "00:25:25", "end": "00:25:30", "text": "know that any of this was happening."}, {"start": "00:25:28", "end": "00:25:31", "text": "This has been, if if I can be honest"}, {"start": "00:25:30", "end": "00:25:35", "text": "with you, the cryptocurrency space has"}, {"start": "00:25:31", "end": "00:25:38", "text": "been a a rather interesting journey for"}, {"start": "00:25:35", "end": "00:25:43", "text": "my mind and my soul just because I got"}, {"start": "00:25:38", "end": "00:25:46", "text": "into the cryptocurrency space kind of"}, {"start": "00:25:43", "end": "00:25:48", "text": "the original idea was revolving around"}, {"start": "00:25:46", "end": "00:25:50", "text": "decentralization and like this like new"}, {"start": "00:25:48", "end": "00:25:53", "text": "form of money that was for everyone. So,"}, {"start": "00:25:50", "end": "00:25:57", "text": "I've had to adjust to the idea of Wall"}, {"start": "00:25:53", "end": "00:26:00", "text": "Street and banks around the world kind"}, {"start": "00:25:57", "end": "00:26:04", "text": "of stepping in quite heavily and and and"}, {"start": "00:26:00", "end": "00:26:08", "text": "and gathering their uh position. The"}, {"start": "00:26:04", "end": "00:26:10", "text": "news that we get I think on any other"}, {"start": "00:26:08", "end": "00:26:13", "text": "basis"}, {"start": "00:26:10", "end": "00:26:16", "text": "would have caused any other market to"}, {"start": "00:26:13", "end": "00:26:18", "text": "like skyrocket in price. But the crypto"}, {"start": "00:26:16", "end": "00:26:23", "text": "space for whatever reason constantly"}, {"start": "00:26:18", "end": "00:26:24", "text": "needs some kind of a of a narrative"}, {"start": "00:26:23", "end": "00:26:27", "text": "and that that tends to be the thing that"}, {"start": "00:26:24", "end": "00:26:31", "text": "people think will rise prices."}, {"start": "00:26:27", "end": "00:26:33", "text": "If in 2019"}, {"start": "00:26:31", "end": "00:26:37", "text": "we had received information"}, {"start": "00:26:33", "end": "00:26:38", "text": "that the largest bank in Italy had, and"}, {"start": "00:26:37", "end": "00:26:40", "text": "I say secretly because they're not"}, {"start": "00:26:38", "end": "00:26:43", "text": "announcing this openly, we know from the"}, {"start": "00:26:40", "end": "00:26:46", "text": "SEC filings, that the largest bank in"}, {"start": "00:26:43", "end": "00:26:49", "text": "Italy had purchased $235 million worth"}, {"start": "00:26:46", "end": "00:26:51", "text": "of crypto."}, {"start": "00:26:49", "end": "00:26:55", "text": "That would have set off the biggest bull"}, {"start": "00:26:51", "end": "00:26:58", "text": "run that the world had ever seen."}, {"start": "00:26:55", "end": "00:27:01", "text": "There are dozens of banks"}, {"start": "00:26:58", "end": "00:27:04", "text": "who through the SEC filings we know have"}, {"start": "00:27:01", "end": "00:27:06", "text": "large amounts of of of Bitcoin. We know"}, {"start": "00:27:04", "end": "00:27:07", "text": "that they have Salana. We know that they"}, {"start": "00:27:06", "end": "00:27:10", "text": "have Ethereum. We know that they have"}, {"start": "00:27:07", "end": "00:27:11", "text": "XRP. We know that governments are"}, {"start": "00:27:10", "end": "00:27:14", "text": "accumulating. We know that family"}, {"start": "00:27:11", "end": "00:27:17", "text": "offices are buying."}, {"start": "00:27:14", "end": "00:27:19", "text": "And I"}, {"start": "00:27:17", "end": "00:27:22", "text": "remain"}, {"start": "00:27:19", "end": "00:27:25", "text": "confused as to"}, {"start": "00:27:22", "end": "00:27:28", "text": "how this doesn't"}, {"start": "00:27:25", "end": "00:27:29", "text": "enter the minds of people more as"}, {"start": "00:27:28", "end": "00:27:32", "text": "something that they should pay attention"}, {"start": "00:27:29", "end": "00:27:35", "text": "to. I think it's just a numbers game"}, {"start": "00:27:32", "end": "00:27:38", "text": "like always."}, {"start": "00:27:35", "end": "00:27:41", "text": "If Bitcoin's at 60,000 and we saw it"}, {"start": "00:27:38", "end": "00:27:43", "text": "previously at 120,000, I think people"}, {"start": "00:27:41", "end": "00:27:47", "text": "ignore it. it's not at its previous"}, {"start": "00:27:43", "end": "00:27:50", "text": "all-time high. But then you you know"}, {"start": "00:27:47", "end": "00:27:53", "text": "that the way to make money is you buy"}, {"start": "00:27:50", "end": "00:27:54", "text": "when something is down. That's lit like"}, {"start": "00:27:53", "end": "00:27:59", "text": "that's that's the that's the focal"}, {"start": "00:27:54", "end": "00:28:02", "text": "point. That's how you do it. So"}, {"start": "00:27:59", "end": "00:28:05", "text": "if we are remember I told you this was"}, {"start": "00:28:02", "end": "00:28:08", "text": "about a week ago when I saw this. There"}, {"start": "00:28:05", "end": "00:28:11", "text": "was a video from some news publication"}, {"start": "00:28:08", "end": "00:28:14", "text": "thing. They're very wellknown. It was a"}, {"start": "00:28:11", "end": "00:28:16", "text": "video on YouTube and that video is for"}, {"start": "00:28:14", "end": "00:28:17", "text": "everyone. It's not like some classified"}, {"start": "00:28:16", "end": "00:28:19", "text": "information."}, {"start": "00:28:17", "end": "00:28:22", "text": "They were talking about the future of"}, {"start": "00:28:19", "end": "00:28:24", "text": "crypto revolving around tokenization and"}, {"start": "00:28:22", "end": "00:28:26", "text": "stable coins and the Clarity Act and"}, {"start": "00:28:24", "end": "00:28:29", "text": "these coins being built on top of"}, {"start": "00:28:26", "end": "00:28:30", "text": "Ethereum and these chains and then price"}, {"start": "00:28:29", "end": "00:28:31", "text": "predict. They weren't saying the price"}, {"start": "00:28:30", "end": "00:28:34", "text": "predictions, but they were like many"}, {"start": "00:28:31", "end": "00:28:38", "text": "investors believe this will cause prices"}, {"start": "00:28:34", "end": "00:28:40", "text": "to go up like that kind of thing."}, {"start": "00:28:38", "end": "00:28:42", "text": "And I think that people only begin to"}, {"start": "00:28:40", "end": "00:28:45", "text": "pay attention"}, {"start": "00:28:42", "end": "00:28:46", "text": "when I think things are out of their"}, {"start": "00:28:45", "end": "00:28:48", "text": "reach."}, {"start": "00:28:46", "end": "00:28:51", "text": "That's what's always been kind of the"}, {"start": "00:28:48", "end": "00:28:54", "text": "conundrum for me."}, {"start": "00:28:51", "end": "00:28:56", "text": "If something is low in price, people"}, {"start": "00:28:54", "end": "00:28:58", "text": "don't care about it. But if something is"}, {"start": "00:28:56", "end": "00:29:01", "text": "high in price, they did you ever see"}, {"start": "00:28:58", "end": "00:29:02", "text": "there's a there's a very famous it must"}, {"start": "00:29:01", "end": "00:29:06", "text": "have been a decade at this point."}, {"start": "00:29:02", "end": "00:29:08", "text": "There's a famous video of um you if uh"}, {"start": "00:29:06", "end": "00:29:09", "text": "there's a store called Pay Less. If you"}, {"start": "00:29:08", "end": "00:29:11", "text": "don't know what Pay Less is, it's a"}, {"start": "00:29:09", "end": "00:29:13", "text": "store where you pay less. Boom. Boom."}, {"start": "00:29:11", "end": "00:29:16", "text": "It's a store where like you literally"}, {"start": "00:29:13", "end": "00:29:18", "text": "go, at least when I was a kid, we used"}, {"start": "00:29:16", "end": "00:29:21", "text": "to go to Pay Less because they had like"}, {"start": "00:29:18", "end": "00:29:24", "text": "sandals that were like $1.99. They had"}, {"start": "00:29:21", "end": "00:29:26", "text": "like uh shoes you were able to buy for"}, {"start": "00:29:24", "end": "00:29:28", "text": "kids and they were like $7 and like they"}, {"start": "00:29:26", "end": "00:29:30", "text": "they're very super super super"}, {"start": "00:29:28", "end": "00:29:33", "text": "inexpensive. And then at some point"}, {"start": "00:29:30", "end": "00:29:36", "text": "someone did like a a social experiment"}, {"start": "00:29:33", "end": "00:29:37", "text": "and they made Pay Less look like an"}, {"start": "00:29:36", "end": "00:29:40", "text": "expensive store. You can find this video"}, {"start": "00:29:37", "end": "00:29:43", "text": "on YouTube. Type in like like pay less"}, {"start": "00:29:40", "end": "00:29:46", "text": "fake store or pay less rich store or pay"}, {"start": "00:29:43", "end": "00:29:47", "text": "less uh luxury store. Maybe pay less"}, {"start": "00:29:46", "end": "00:29:51", "text": "luxury store. You should be able to find"}, {"start": "00:29:47", "end": "00:29:55", "text": "it. And they they rose the prices on"}, {"start": "00:29:51", "end": "00:29:58", "text": "this store. Same items, same items,"}, {"start": "00:29:55", "end": "00:30:00", "text": "but they made the pair of boots that was"}, {"start": "00:29:58", "end": "00:30:02", "text": "$29.99"}, {"start": "00:30:00", "end": "00:30:04", "text": "to $349."}, {"start": "00:30:02", "end": "00:30:05", "text": "And they rose everything around the"}, {"start": "00:30:04", "end": "00:30:08", "text": "store. And all these people were walking"}, {"start": "00:30:05", "end": "00:30:10", "text": "by. what is this new luxury store? So,"}, {"start": "00:30:08", "end": "00:30:11", "text": "they had the people with the cameras and"}, {"start": "00:30:10", "end": "00:30:12", "text": "the people are putting on the shoes and"}, {"start": "00:30:11", "end": "00:30:14", "text": "they're asking them like, \"How do you"}, {"start": "00:30:12", "end": "00:30:16", "text": "how do you like these shoes?\" And these"}, {"start": "00:30:14", "end": "00:30:18", "text": "people are like, \"It's this is amazing."}, {"start": "00:30:16", "end": "00:30:20", "text": "It feels comfortable. The price isn't"}, {"start": "00:30:18", "end": "00:30:21", "text": "that high. I'm definitely going to get"}, {"start": "00:30:20", "end": "00:30:23", "text": "it.\""}, {"start": "00:30:21", "end": "00:30:26", "text": "And when they told these people that"}, {"start": "00:30:23", "end": "00:30:28", "text": "like it was pay less shoes, you could"}, {"start": "00:30:26", "end": "00:30:30", "text": "see the embarrassment on their faces and"}, {"start": "00:30:28", "end": "00:30:32", "text": "then they like they fled immediately"}, {"start": "00:30:30", "end": "00:30:33", "text": "because they just didn't want to admit"}, {"start": "00:30:32", "end": "00:30:36", "text": "that the thing that was cheaper could"}, {"start": "00:30:33", "end": "00:30:39", "text": "have also been worth more. If you make,"}, {"start": "00:30:36", "end": "00:30:41", "text": "you know, if that makes any sense to"}, {"start": "00:30:39", "end": "00:30:47", "text": "you."}, {"start": "00:30:41", "end": "00:30:49", "text": "I I I truly do worry about"}, {"start": "00:30:47", "end": "00:30:51", "text": "where the future's going to go. How high"}, {"start": "00:30:49", "end": "00:30:53", "text": "inflation's going to be, how people"}, {"start": "00:30:51", "end": "00:30:55", "text": "can't retire, how people have no"}, {"start": "00:30:53", "end": "00:30:57", "text": "savings."}, {"start": "00:30:55", "end": "00:30:59", "text": "And I and I think the silver lining for"}, {"start": "00:30:57", "end": "00:31:02", "text": "a lot of it for me, this is this is"}, {"start": "00:30:59", "end": "00:31:04", "text": "real, is that you're here, that you're"}, {"start": "00:31:02", "end": "00:31:07", "text": "in the market, that you listen to my"}, {"start": "00:31:04", "end": "00:31:09", "text": "ramblings, that you buy the investments,"}, {"start": "00:31:07", "end": "00:31:12", "text": "that you accumulate so that you make"}, {"start": "00:31:09", "end": "00:31:14", "text": "sure that you can retire, that you don't"}, {"start": "00:31:12", "end": "00:31:15", "text": "have to like struggle as much as other"}, {"start": "00:31:14", "end": "00:31:19", "text": "people."}, {"start": "00:31:15", "end": "00:31:23", "text": "The largest bank in Italy has hundreds"}, {"start": "00:31:19", "end": "00:31:26", "text": "of millions of dollars worth of crypto."}, {"start": "00:31:23", "end": "00:31:28", "text": "How many other banks around the world"}, {"start": "00:31:26", "end": "00:31:31", "text": "are accumulating through through shell"}, {"start": "00:31:28", "end": "00:31:34", "text": "companies or through other things that"}, {"start": "00:31:31", "end": "00:31:35", "text": "we just have no information about? But"}, {"start": "00:31:34", "end": "00:31:40", "text": "behind the scenes, they're also sitting"}, {"start": "00:31:35", "end": "00:31:42", "text": "on 25 million,85 million, $165 million"}, {"start": "00:31:40", "end": "00:31:44", "text": "worth of crypto. And they're constantly"}, {"start": "00:31:42", "end": "00:31:46", "text": "buying every single day."}, {"start": "00:31:44", "end": "00:31:52", "text": "I don't know. I I I think about these"}, {"start": "00:31:46", "end": "00:31:54", "text": "things very often cuz I I tend to I"}, {"start": "00:31:52", "end": "00:31:57", "text": "peruse and I look at the conversations"}, {"start": "00:31:54", "end": "00:32:00", "text": "people have on on"}, {"start": "00:31:57", "end": "00:32:03", "text": "YouTube, on Instagram a lot of times"}, {"start": "00:32:00", "end": "00:32:04", "text": "surrounding money and I'm always shocked"}, {"start": "00:32:03", "end": "00:32:06", "text": "at how many people like just don't know"}, {"start": "00:32:04", "end": "00:32:09", "text": "what the heck is going on. Like they"}, {"start": "00:32:06", "end": "00:32:13", "text": "have no idea. And it's this I it's it's"}, {"start": "00:32:09", "end": "00:32:14", "text": "this kind of like um like doomspending"}, {"start": "00:32:13", "end": "00:32:17", "text": "kind of thing where people just don't"}, {"start": "00:32:14", "end": "00:32:18", "text": "want to admit that there could be"}, {"start": "00:32:17", "end": "00:32:22", "text": "something better and they kind of shut"}, {"start": "00:32:18", "end": "00:32:23", "text": "themselves down completely and and so"}, {"start": "00:32:22", "end": "00:32:25", "text": "anyway, I'm glad that you're investing."}, {"start": "00:32:23", "end": "00:32:27", "text": "I'm glad that you're saving. I'm glad"}, {"start": "00:32:25", "end": "00:32:30", "text": "that you're buying assets because other"}, {"start": "00:32:27", "end": "00:32:31", "text": "people won't."}, {"start": "00:32:30", "end": "00:32:32", "text": "You could you could display this"}, {"start": "00:32:31", "end": "00:32:36", "text": "information in front of tons of people"}, {"start": "00:32:32", "end": "00:32:39", "text": "and they they still won't get it."}, {"start": "00:32:36", "end": "00:32:41", "text": "So, like I said, uh, crypto is going to"}, {"start": "00:32:39", "end": "00:32:44", "text": "survive and crypto is going to make it"}, {"start": "00:32:41", "end": "00:32:45", "text": "and crypto is going to probably take"}, {"start": "00:32:44", "end": "00:32:48", "text": "over the world because of news like"}, {"start": "00:32:45", "end": "00:32:52", "text": "this,"}, {"start": "00:32:48", "end": "00:32:54", "text": "just logically speaking."}, {"start": "00:32:52", "end": "00:32:58", "text": "All right, everyone. I think that's"}, {"start": "00:32:54", "end": "00:33:02", "text": "going to do it for this video."}, {"start": "00:32:58", "end": "00:33:03", "text": "I sincerely hope that you've all"}, {"start": "00:33:02", "end": "00:33:05", "text": "enjoyed."}, {"start": "00:33:03", "end": "00:33:07", "text": "I do hope that you all are having a"}, {"start": "00:33:05", "end": "00:33:09", "text": "great day. Hope you're all having a"}, {"start": "00:33:07", "end": "00:33:12", "text": "great morning, afternoon, evening,"}, {"start": "00:33:09", "end": "00:33:14", "text": "wherever you are, wherever you might be."}, {"start": "00:33:12", "end": "00:33:16", "text": "I do hope that it's absolutely"}, {"start": "00:33:14", "end": "00:33:19", "text": "fantastic."}, {"start": "00:33:16", "end": "00:33:21", "text": "Thank you all once again for watching,"}, {"start": "00:33:19", "end": "00:33:24", "text": "listening, liking, commenting, and"}, {"start": "00:33:21", "end": "00:33:29", "text": "supporting. And I will most certainly be"}, {"start": "00:33:24", "end": "00:33:29", "text": "talking to you all soon."}, {"start": "00:33:29", "end": "00:33:33", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video. Hope"}, {"start": "00:00:08", "end": "00:00:15", "text": "you're all doing well."}, {"start": "00:00:12", "end": "00:00:16", "text": "Hope that everyone out there is doing"}, {"start": "00:00:15", "end": "00:00:18", "text": "absolutely"}, {"start": "00:00:16", "end": "00:00:22", "text": "fantastic"}, {"start": "00:00:18", "end": "00:00:24", "text": "and that you're all having a great day."}, {"start": "00:00:22", "end": "00:00:26", "text": "I forgot this the last couple of times."}, {"start": "00:00:24", "end": "00:00:28", "text": "I'm so sorry. I have a lot going on. I"}, {"start": "00:00:26", "end": "00:00:31", "text": "really do have a lot going on. Uh, a"}, {"start": "00:00:28", "end": "00:00:35", "text": "very big shout out, very big thank you,"}, {"start": "00:00:31", "end": "00:00:41", "text": "very big hello to my Patreon supporters,"}, {"start": "00:00:35", "end": "00:00:44", "text": "Trent Jackson, Gilboa Snake, and Finley"}, {"start": "00:00:41", "end": "00:00:47", "text": "Bass. Hello. I'm sorry I forgot the last"}, {"start": "00:00:44", "end": "00:00:52", "text": "couple of times. It literally"}, {"start": "00:00:47", "end": "00:00:55", "text": "slipped my head every single time. Um,"}, {"start": "00:00:52", "end": "00:00:58", "text": "yeah. No, I have a lot going on. I've"}, {"start": "00:00:55", "end": "00:01:01", "text": "been working on another uh book. at the"}, {"start": "00:00:58", "end": "00:01:03", "text": "last like two or three months is kind of"}, {"start": "00:01:01", "end": "00:01:07", "text": "like consuming my life. How much"}, {"start": "00:01:03", "end": "00:01:10", "text": "actually has to like go into it? Uh not"}, {"start": "00:01:07", "end": "00:01:12", "text": "been sleeping that well and also a lot"}, {"start": "00:01:10", "end": "00:01:14", "text": "of stuff happening in the world and the"}, {"start": "00:01:12", "end": "00:01:16", "text": "world of finance and the world of"}, {"start": "00:01:14", "end": "00:01:22", "text": "crypto."}, {"start": "00:01:16", "end": "00:01:24", "text": "So yeah, it's just been uh a lot."}, {"start": "00:01:22", "end": "00:01:26", "text": "Welcome back to the channel everyone. Uh"}, {"start": "00:01:24", "end": "00:01:30", "text": "leave a like if you can. it helps out"}, {"start": "00:01:26", "end": "00:01:31", "text": "the algorithm. Uh without any further"}, {"start": "00:01:30", "end": "00:01:36", "text": "ado,"}, {"start": "00:01:31", "end": "00:01:40", "text": "let's jump right into it. Whatever the"}, {"start": "00:01:36", "end": "00:01:42", "text": "whatever the shift is that's happening"}, {"start": "00:01:40", "end": "00:01:45", "text": "within this market, it's happening very"}, {"start": "00:01:42", "end": "00:01:48", "text": "very fast uh between companies"}, {"start": "00:01:45", "end": "00:01:50", "text": "announcing their entrance into the space"}, {"start": "00:01:48", "end": "00:01:55", "text": "and which coins that they like and which"}, {"start": "00:01:50", "end": "00:01:59", "text": "coins are being favored and the near"}, {"start": "00:01:55", "end": "00:02:03", "text": "neverending amount of price predictions"}, {"start": "00:01:59", "end": "00:02:07", "text": "that we've been getting. It's apparent"}, {"start": "00:02:03", "end": "00:02:12", "text": "that something big is very close on the"}, {"start": "00:02:07", "end": "00:02:16", "text": "horizon. There's also a huge amount of"}, {"start": "00:02:12", "end": "00:02:21", "text": "popularly unpopular news that's been uh"}, {"start": "00:02:16", "end": "00:02:24", "text": "swinging about as uh Michael Sailor"}, {"start": "00:02:21", "end": "00:02:27", "text": "continues to make very heavy headlines"}, {"start": "00:02:24", "end": "00:02:32", "text": "within the market."}, {"start": "00:02:27", "end": "00:02:37", "text": "I personally don't know why people put"}, {"start": "00:02:32", "end": "00:02:41", "text": "uh billionaires on a pedestal and assume"}, {"start": "00:02:37", "end": "00:02:43", "text": "that their word is officially law. But"}, {"start": "00:02:41", "end": "00:02:46", "text": "Michael Sailor entered the crypto space"}, {"start": "00:02:43", "end": "00:02:49", "text": "about two and a half something years ago"}, {"start": "00:02:46", "end": "00:02:51", "text": "with a full force and announced that he"}, {"start": "00:02:49", "end": "00:02:54", "text": "loved Bitcoin. And then people over the"}, {"start": "00:02:51", "end": "00:02:56", "text": "years have kind of figured out that like"}, {"start": "00:02:54", "end": "00:03:00", "text": "he just figured out a really clever way"}, {"start": "00:02:56", "end": "00:03:03", "text": "to make money from it. So he announced"}, {"start": "00:03:00", "end": "00:03:06", "text": "four weeks ago"}, {"start": "00:03:03", "end": "00:03:08", "text": "that Micro Strategy"}, {"start": "00:03:06", "end": "00:03:12", "text": "in in in I and I'll paraphrase here in"}, {"start": "00:03:08", "end": "00:03:15", "text": "no uncertain terms uh is like $60"}, {"start": "00:03:12", "end": "00:03:17", "text": "billion in debt or something like that."}, {"start": "00:03:15", "end": "00:03:19", "text": "And they have a very high dividend that"}, {"start": "00:03:17", "end": "00:03:20", "text": "they're having trouble paying. So they"}, {"start": "00:03:19", "end": "00:03:23", "text": "were talking about selling off some"}, {"start": "00:03:20", "end": "00:03:25", "text": "Bitcoin. That caused a huge amount of"}, {"start": "00:03:23", "end": "00:03:28", "text": "backlash within the space because they"}, {"start": "00:03:25", "end": "00:03:31", "text": "announced that they they they said a"}, {"start": "00:03:28", "end": "00:03:33", "text": "year or two ago, we are never selling"}, {"start": "00:03:31", "end": "00:03:35", "text": "Bitcoin."}, {"start": "00:03:33", "end": "00:03:37", "text": "And then they had the backlash and then"}, {"start": "00:03:35", "end": "00:03:40", "text": "they announced that they had purchased"}, {"start": "00:03:37", "end": "00:03:42", "text": "$50 million worth of Bitcoin. And then a"}, {"start": "00:03:40", "end": "00:03:44", "text": "week later they said, \"We b2 billion"}, {"start": "00:03:42", "end": "00:03:46", "text": "dollars worth of Bitcoin.\" And as you"}, {"start": "00:03:44", "end": "00:03:49", "text": "might have imagined,"}, {"start": "00:03:46", "end": "00:03:52", "text": "the news is"}, {"start": "00:03:49", "end": "00:03:54", "text": "uh newsing all over again."}, {"start": "00:03:52", "end": "00:03:57", "text": "Recently,"}, {"start": "00:03:54", "end": "00:03:59", "text": "Micro Strategy chairman, his name is"}, {"start": "00:03:57", "end": "00:04:02", "text": "Michael Sailor,"}, {"start": "00:03:59", "end": "00:04:05", "text": "has not ruled out"}, {"start": "00:04:02", "end": "00:04:10", "text": "the company offloading some Bitcoin as"}, {"start": "00:04:05", "end": "00:04:13", "text": "early as this year after recently"}, {"start": "00:04:10", "end": "00:04:16", "text": "softening his longheld never sell"}, {"start": "00:04:13", "end": "00:04:19", "text": "stance. You can't go from never to like,"}, {"start": "00:04:16", "end": "00:04:22", "text": "yeah, probably. That doesn't usually"}, {"start": "00:04:19", "end": "00:04:26", "text": "make any sense. Okay. He said, and I"}, {"start": "00:04:22", "end": "00:04:28", "text": "quote, \"I think it's not unlikely"}, {"start": "00:04:26", "end": "00:04:31", "text": "that we'll sell some Bitcoin between now"}, {"start": "00:04:28", "end": "00:04:35", "text": "and the end of the year.\" Sailor said"}, {"start": "00:04:31", "end": "00:04:38", "text": "during an interview with Natalie Brunell"}, {"start": "00:04:35", "end": "00:04:40", "text": "in a YouTube video. What I think is"}, {"start": "00:04:38", "end": "00:04:43", "text": "going to happen everyone and I mean this"}, {"start": "00:04:40", "end": "00:04:44", "text": "isn't I don't know Michael Sailor but I"}, {"start": "00:04:43", "end": "00:04:49", "text": "know how Micro Strategy has been"}, {"start": "00:04:44", "end": "00:04:51", "text": "functioning the last two years we get"}, {"start": "00:04:49", "end": "00:04:53", "text": "everything delayed. Oh, so like you"}, {"start": "00:04:51", "end": "00:04:56", "text": "remember"}, {"start": "00:04:53", "end": "00:05:00", "text": "a couple of years ago everyone was like"}, {"start": "00:04:56", "end": "00:05:02", "text": "head over heels because um it was"}, {"start": "00:05:00", "end": "00:05:05", "text": "announced that was it Tesla or SpaceX?"}, {"start": "00:05:02", "end": "00:05:07", "text": "I'll just say Tesla that Tesla had"}, {"start": "00:05:05", "end": "00:05:09", "text": "apparently purchased a huge amount of"}, {"start": "00:05:07", "end": "00:05:12", "text": "Bitcoin."}, {"start": "00:05:09", "end": "00:05:15", "text": "And then eight months later, nine months"}, {"start": "00:05:12", "end": "00:05:18", "text": "later, we got news that like seven"}, {"start": "00:05:15", "end": "00:05:24", "text": "months before that apparently Tesla had"}, {"start": "00:05:18", "end": "00:05:27", "text": "sold Bitcoin. So from what I understood,"}, {"start": "00:05:24", "end": "00:05:31", "text": "Tesla bought the Bitcoin, got it, and"}, {"start": "00:05:27", "end": "00:05:33", "text": "then subsequently sold it without"}, {"start": "00:05:31", "end": "00:05:37", "text": "telling anyone in the market. They said"}, {"start": "00:05:33", "end": "00:05:40", "text": "because they wanted to see if the"}, {"start": "00:05:37", "end": "00:05:42", "text": "if the market could absorb that level of"}, {"start": "00:05:40", "end": "00:05:44", "text": "selling. They didn't sell a lot, but"}, {"start": "00:05:42", "end": "00:05:46", "text": "they sold into the market. And"}, {"start": "00:05:44", "end": "00:05:48", "text": "apparently they said,"}, {"start": "00:05:46", "end": "00:05:50", "text": "you know, the the market didn't go down"}, {"start": "00:05:48", "end": "00:05:52", "text": "when we sold."}, {"start": "00:05:50", "end": "00:05:55", "text": "So what I think is going to happen is"}, {"start": "00:05:52", "end": "00:05:58", "text": "something similar for Micro Strategy. I"}, {"start": "00:05:55", "end": "00:06:01", "text": "think Micro Strategy now is currently in"}, {"start": "00:05:58", "end": "00:06:04", "text": "a multi-billion dollar pinch."}, {"start": "00:06:01", "end": "00:06:06", "text": "micro and and since we do not know all"}, {"start": "00:06:04", "end": "00:06:08", "text": "of their wallet addresses,"}, {"start": "00:06:06", "end": "00:06:11", "text": "we're they're probably going to sell"}, {"start": "00:06:08", "end": "00:06:13", "text": "some Bitcoin quite soon logically"}, {"start": "00:06:11", "end": "00:06:16", "text": "speaking to get somewhat out of the"}, {"start": "00:06:13", "end": "00:06:19", "text": "hole. They're going to use that money to"}, {"start": "00:06:16", "end": "00:06:21", "text": "do A B CDE E and F. Pay back what they"}, {"start": "00:06:19", "end": "00:06:23", "text": "need to pay back. Figure out and"}, {"start": "00:06:21", "end": "00:06:26", "text": "restructure some stuff. And then about"}, {"start": "00:06:23", "end": "00:06:32", "text": "three months later, we"}, {"start": "00:06:26", "end": "00:06:34", "text": "will hear in some special news report,"}, {"start": "00:06:32", "end": "00:06:37", "text": "Michael Sailor will go online and he'll"}, {"start": "00:06:34", "end": "00:06:39", "text": "say, \"I'm so sorry to announce we sold"}, {"start": "00:06:37", "end": "00:06:42", "text": "some Bitcoin.\""}, {"start": "00:06:39", "end": "00:06:44", "text": "But that was 3 months ago. And the"}, {"start": "00:06:42", "end": "00:06:47", "text": "market didn't even move when we sold."}, {"start": "00:06:44", "end": "00:06:50", "text": "With that Bitcoin, we did A, B, C, D, E,"}, {"start": "00:06:47", "end": "00:06:52", "text": "and F. And then guess what? last"}, {"start": "00:06:50", "end": "00:06:54", "text": "Wednesday, we actually bought that"}, {"start": "00:06:52", "end": "00:06:56", "text": "Bitcoin back. That's what I think."}, {"start": "00:06:54", "end": "00:06:59", "text": "There's too much backlash for them to"}, {"start": "00:06:56", "end": "00:07:01", "text": "simply say this in the open. They do the"}, {"start": "00:06:59", "end": "00:07:06", "text": "same thing with their purchases. They"}, {"start": "00:07:01", "end": "00:07:09", "text": "will say on the the 14th of April, we"}, {"start": "00:07:06", "end": "00:07:12", "text": "bought this much Bitcoin, but they"}, {"start": "00:07:09", "end": "00:07:15", "text": "announce it to us like a week or 10 days"}, {"start": "00:07:12", "end": "00:07:18", "text": "later. So, they're clearly going to sell"}, {"start": "00:07:15", "end": "00:07:19", "text": "at some point if we can be completely"}, {"start": "00:07:18", "end": "00:07:21", "text": "honest."}, {"start": "00:07:19", "end": "00:07:24", "text": "These people were buying like billion"}, {"start": "00:07:21", "end": "00:07:28", "text": "billions. Do you understand how much?"}, {"start": "00:07:24", "end": "00:07:30", "text": "Imagine getting imagine you buy a home"}, {"start": "00:07:28", "end": "00:07:33", "text": "and you have a mortgage that's $5"}, {"start": "00:07:30", "end": "00:07:37", "text": "million."}, {"start": "00:07:33", "end": "00:07:40", "text": "You are in the hole for f5 million is an"}, {"start": "00:07:37", "end": "00:07:44", "text": "astronomically a large amount of of"}, {"start": "00:07:40", "end": "00:07:46", "text": "money. Now imagine you have you're $100"}, {"start": "00:07:44", "end": "00:07:50", "text": "million in debt."}, {"start": "00:07:46", "end": "00:07:53", "text": "Now imagine every four weeks you get"}, {"start": "00:07:50", "end": "00:07:56", "text": "another 1.5 or$2.1 billion dollar in"}, {"start": "00:07:53", "end": "00:07:59", "text": "debt. At some point it's going to catch"}, {"start": "00:07:56", "end": "00:08:03", "text": "up to you. Like that's a huge amount of"}, {"start": "00:07:59", "end": "00:08:06", "text": "money. Especially since we, as far as I"}, {"start": "00:08:03", "end": "00:08:09", "text": "can remember, um haven't heard that"}, {"start": "00:08:06", "end": "00:08:12", "text": "Micro Strategy is staking their Bitcoin."}, {"start": "00:08:09", "end": "00:08:14", "text": "If Micro Strategy was staking their"}, {"start": "00:08:12", "end": "00:08:16", "text": "Bitcoin and making a yield, they could"}, {"start": "00:08:14", "end": "00:08:18", "text": "probably pay back a lot of their debts,"}, {"start": "00:08:16", "end": "00:08:20", "text": "but you have to sell the Bitcoin now to"}, {"start": "00:08:18", "end": "00:08:25", "text": "do so. This is what I think is going to"}, {"start": "00:08:20", "end": "00:08:28", "text": "happen. I I I think they won't lean into"}, {"start": "00:08:25", "end": "00:08:31", "text": "into public anger. I think they'll do"}, {"start": "00:08:28", "end": "00:08:34", "text": "it. Time will pass. People will assume"}, {"start": "00:08:31", "end": "00:08:37", "text": "that they didn't. They will announce"}, {"start": "00:08:34", "end": "00:08:40", "text": "months later that they did and then"}, {"start": "00:08:37", "end": "00:08:41", "text": "they'll go actually that was months ago."}, {"start": "00:08:40", "end": "00:08:44", "text": "See not that big of a deal and we bought"}, {"start": "00:08:41", "end": "00:08:48", "text": "the coins back. That's what's probably"}, {"start": "00:08:44", "end": "00:08:52", "text": "going to take place. Sailor said it is"}, {"start": "00:08:48", "end": "00:08:55", "text": "also likely that the company will sell a"}, {"start": "00:08:52", "end": "00:08:58", "text": "mix of equity and credit and manage its"}, {"start": "00:08:55", "end": "00:08:59", "text": "US dollar and cash holdings. He said,"}, {"start": "00:08:58", "end": "00:09:02", "text": "\"We do it in a very thoughtful"}, {"start": "00:08:59", "end": "00:09:06", "text": "programmatic fashion where we're running"}, {"start": "00:09:02", "end": "00:09:08", "text": "our multivaried models and we're likely"}, {"start": "00:09:06", "end": "00:09:11", "text": "running them.\" Sailor said, noting that"}, {"start": "00:09:08", "end": "00:09:15", "text": "the company is focused on its long-term"}, {"start": "00:09:11", "end": "00:09:17", "text": "outcomes out to the year 2033."}, {"start": "00:09:15", "end": "00:09:20", "text": "Gez Louise. He said, \"Ultimately, the"}, {"start": "00:09:17", "end": "00:09:23", "text": "way to think of this is 7 years out, we"}, {"start": "00:09:20", "end": "00:09:25", "text": "would like to have maximized our Bitcoin"}, {"start": "00:09:23", "end": "00:09:28", "text": "per share.\" Oh, yeah. That's the new"}, {"start": "00:09:25", "end": "00:09:31", "text": "thing. I don't know if you've been uh"}, {"start": "00:09:28", "end": "00:09:35", "text": "paying attention to that one recently."}, {"start": "00:09:31", "end": "00:09:39", "text": "Every company is now talking in a in a"}, {"start": "00:09:35", "end": "00:09:43", "text": "BPS manner, Bitcoin per share. So, it's"}, {"start": "00:09:39", "end": "00:09:45", "text": "no longer important for them to announce"}, {"start": "00:09:43", "end": "00:09:49", "text": "that they're simply buying Bitcoin or"}, {"start": "00:09:45", "end": "00:09:52", "text": "have X amount. They say that per share,"}, {"start": "00:09:49", "end": "00:09:54", "text": "like per stock of their company, they"}, {"start": "00:09:52", "end": "00:09:56", "text": "want to continuously"}, {"start": "00:09:54", "end": "00:10:00", "text": "increase that number by the amount of"}, {"start": "00:09:56", "end": "00:10:03", "text": "Bitcoin that they have. It's a"}, {"start": "00:10:00", "end": "00:10:07", "text": "clever futuristic way of circumventing"}, {"start": "00:10:03", "end": "00:10:10", "text": "the idea of the US dollar value of"}, {"start": "00:10:07", "end": "00:10:12", "text": "Bitcoin and instead focusing on the idea"}, {"start": "00:10:10", "end": "00:10:16", "text": "of simply owning more Bitcoin. You"}, {"start": "00:10:12", "end": "00:10:19", "text": "understand? Instead of being like, well,"}, {"start": "00:10:16", "end": "00:10:23", "text": "Bitcoin's $100,000, you can say per"}, {"start": "00:10:19", "end": "00:10:27", "text": "share, per stock that we have, we have,"}, {"start": "00:10:23", "end": "00:10:30", "text": "you know, 0.49 Bitcoin. Now, Bitcoin's"}, {"start": "00:10:27", "end": "00:10:33", "text": "price goes down by 15% in dollars. But"}, {"start": "00:10:30", "end": "00:10:36", "text": "then they can say, well, our our Bitcoin"}, {"start": "00:10:33", "end": "00:10:39", "text": "per share is now 0.51. we've increased"}, {"start": "00:10:36", "end": "00:10:43", "text": "the amount of this is becoming like a"}, {"start": "00:10:39", "end": "00:10:46", "text": "a new way that these people are now uh"}, {"start": "00:10:43", "end": "00:10:50", "text": "talking about it. Uh he added that an"}, {"start": "00:10:46", "end": "00:10:53", "text": "objective of the company is what is it"}, {"start": "00:10:50", "end": "00:10:55", "text": "that we should be doing now that's going"}, {"start": "00:10:53", "end": "00:10:57", "text": "to maximize and optimize the company's"}, {"start": "00:10:55", "end": "00:11:01", "text": "performance so that we've maxed out"}, {"start": "00:10:57", "end": "00:11:03", "text": "Bitcoin per share 7 years from now."}, {"start": "00:11:01", "end": "00:11:06", "text": "That's like the new way that people are"}, {"start": "00:11:03", "end": "00:11:08", "text": "talking. The first people to do that was"}, {"start": "00:11:06", "end": "00:11:10", "text": "uh 21 Capital or Capital 21, whatever"}, {"start": "00:11:08", "end": "00:11:12", "text": "the heck they're called. The idea is no"}, {"start": "00:11:10", "end": "00:11:15", "text": "longer"}, {"start": "00:11:12", "end": "00:11:18", "text": "um what Bitcoin's price is in the"}, {"start": "00:11:15", "end": "00:11:22", "text": "future. It's maximizing how much Bitcoin"}, {"start": "00:11:18", "end": "00:11:26", "text": "we have for our investors."}, {"start": "00:11:22", "end": "00:11:29", "text": "Okay. Uh very"}, {"start": "00:11:26", "end": "00:11:32", "text": "very much spoken about news. People are"}, {"start": "00:11:29", "end": "00:11:35", "text": "still discussing the idea uh of them"}, {"start": "00:11:32", "end": "00:11:39", "text": "selling at all and how they're not too"}, {"start": "00:11:35", "end": "00:11:42", "text": "happy with that. Uh Micro Strategy is a"}, {"start": "00:11:39", "end": "00:11:46", "text": "company. They do not care about"}, {"start": "00:11:42", "end": "00:11:49", "text": "decentralization. They do not care about"}, {"start": "00:11:46", "end": "00:11:52", "text": "Bitcoin. Bitcoin to them is just another"}, {"start": "00:11:49", "end": "00:11:54", "text": "money-making machine that they are"}, {"start": "00:11:52", "end": "00:11:57", "text": "expecting to go to multiple millions of"}, {"start": "00:11:54", "end": "00:12:02", "text": "dollars per coin. Michael Sailor has"}, {"start": "00:11:57", "end": "00:12:04", "text": "stated before they're expecting a a 22 a"}, {"start": "00:12:02", "end": "00:12:06", "text": "$24 million Bitcoin in the next what is"}, {"start": "00:12:04", "end": "00:12:10", "text": "it decade or decade and a half I don't"}, {"start": "00:12:06", "end": "00:12:14", "text": "know but is not a long a long ways away."}, {"start": "00:12:10", "end": "00:12:16", "text": "So I think if you kind of"}, {"start": "00:12:14", "end": "00:12:19", "text": "take micro strategy as just a company"}, {"start": "00:12:16", "end": "00:12:22", "text": "that's trying to make money it becomes"}, {"start": "00:12:19", "end": "00:12:26", "text": "easier to deal with. But a lot of like"}, {"start": "00:12:22", "end": "00:12:29", "text": "original, if you will, OG Bitcoin"}, {"start": "00:12:26", "end": "00:12:31", "text": "investors, these people are trying to"}, {"start": "00:12:29", "end": "00:12:34", "text": "absorb the entire supply. A lot of"}, {"start": "00:12:31", "end": "00:12:37", "text": "people don't understand the"}, {"start": "00:12:34", "end": "00:12:40", "text": "the terribleness of that, but apparently"}, {"start": "00:12:37", "end": "00:12:42", "text": "people are totally okay with it. That's"}, {"start": "00:12:40", "end": "00:12:44", "text": "the micro strategy. At some point this"}, {"start": "00:12:42", "end": "00:12:45", "text": "year is going to probably sell some"}, {"start": "00:12:44", "end": "00:12:47", "text": "Bitcoin. They're not going to tell the"}, {"start": "00:12:45", "end": "00:12:48", "text": "public when they do it. And then at some"}, {"start": "00:12:47", "end": "00:12:49", "text": "point, a couple of months later, they're"}, {"start": "00:12:48", "end": "00:12:50", "text": "going to announce that they actually did"}, {"start": "00:12:49", "end": "00:12:51", "text": "it. then people are going to lose their"}, {"start": "00:12:50", "end": "00:12:55", "text": "minds and figure out that Bitcoin's"}, {"start": "00:12:51", "end": "00:12:57", "text": "price has probably gone up news."}, {"start": "00:12:55", "end": "00:13:01", "text": "And yeah,"}, {"start": "00:12:57", "end": "00:13:01", "text": "let's move on."}, {"start": "00:13:02", "end": "00:13:07", "text": "Also in the news, this was a very this"}, {"start": "00:13:04", "end": "00:13:09", "text": "was a very weird news story. I'll I'll"}, {"start": "00:13:07", "end": "00:13:12", "text": "try and explain it to you."}, {"start": "00:13:09", "end": "00:13:16", "text": "Companies and countries and banks and"}, {"start": "00:13:12", "end": "00:13:18", "text": "places around the world are beginning to"}, {"start": "00:13:16", "end": "00:13:21", "text": "release and launch their cryptocurrency"}, {"start": "00:13:18", "end": "00:13:23", "text": "regulation news and information."}, {"start": "00:13:21", "end": "00:13:26", "text": "That's what I told you before. I was"}, {"start": "00:13:23", "end": "00:13:30", "text": "like, it's a bit weird. Everyone just"}, {"start": "00:13:26", "end": "00:13:31", "text": "happens to be coordinated at the same"}, {"start": "00:13:30", "end": "00:13:33", "text": "time."}, {"start": "00:13:31", "end": "00:13:36", "text": "Okay."}, {"start": "00:13:33", "end": "00:13:38", "text": "So on top of that a number of central"}, {"start": "00:13:36", "end": "00:13:41", "text": "banks are now announcing like hey this"}, {"start": "00:13:38", "end": "00:13:44", "text": "can be done that can be done that can't"}, {"start": "00:13:41", "end": "00:13:48", "text": "be done but you can do this. So"}, {"start": "00:13:44", "end": "00:13:53", "text": "financial authorities in Bellarus"}, {"start": "00:13:48", "end": "00:13:56", "text": "have officially authorized 26"}, {"start": "00:13:53", "end": "00:13:59", "text": "26 cryptocurrencies for regulated"}, {"start": "00:13:56", "end": "00:14:03", "text": "trading following formal approval"}, {"start": "00:13:59", "end": "00:14:06", "text": "procedures. I know 26 sounds weird, but"}, {"start": "00:14:03", "end": "00:14:08", "text": "remember I told you there are only going"}, {"start": "00:14:06", "end": "00:14:12", "text": "to be a certain amount of coins that"}, {"start": "00:14:08", "end": "00:14:15", "text": "actually make it. We are not going to"}, {"start": "00:14:12", "end": "00:14:19", "text": "have every single coin everywhere."}, {"start": "00:14:15", "end": "00:14:20", "text": "Historically, when other countries have"}, {"start": "00:14:19", "end": "00:14:25", "text": "allowed"}, {"start": "00:14:20", "end": "00:14:27", "text": "cryptocurrencies to be used, traded, be"}, {"start": "00:14:25", "end": "00:14:30", "text": "regulated within their country. It"}, {"start": "00:14:27", "end": "00:14:32", "text": "usually ends up being just a handful."}, {"start": "00:14:30", "end": "00:14:34", "text": "That happened years ago in Southeast"}, {"start": "00:14:32", "end": "00:14:37", "text": "Asia. Many countries were like, \"We're"}, {"start": "00:14:34", "end": "00:14:39", "text": "allowing six coins and that's it.\" Like"}, {"start": "00:14:37", "end": "00:14:41", "text": "literally, that's that's all that they"}, {"start": "00:14:39", "end": "00:14:44", "text": "are allowing within their borders."}, {"start": "00:14:41", "end": "00:14:46", "text": "Bellarus has regulated 26"}, {"start": "00:14:44", "end": "00:14:50", "text": "cryptocurrencies."}, {"start": "00:14:46", "end": "00:14:53", "text": "The list published in the capital city"}, {"start": "00:14:50", "end": "00:14:56", "text": "Minsk includes not only top crypto"}, {"start": "00:14:53", "end": "00:14:59", "text": "market cap coins but also key stable"}, {"start": "00:14:56", "end": "00:15:00", "text": "coins and several popular altcoins. As"}, {"start": "00:14:59", "end": "00:15:04", "text": "you're going to see, this gets a little"}, {"start": "00:15:00", "end": "00:15:07", "text": "bit weird very, very quick. And I quote,"}, {"start": "00:15:04", "end": "00:15:10", "text": "Alexander Eagerov, deputy chairman of"}, {"start": "00:15:07", "end": "00:15:13", "text": "the Central Bank of Bellarus, emphasize"}, {"start": "00:15:10", "end": "00:15:17", "text": "that this list is not final and"}, {"start": "00:15:13", "end": "00:15:20", "text": "regulators plan to update it over time"}, {"start": "00:15:17", "end": "00:15:22", "text": "based on asset volatility and market"}, {"start": "00:15:20", "end": "00:15:24", "text": "volumes."}, {"start": "00:15:22", "end": "00:15:28", "text": "With these recent regulatory changes,"}, {"start": "00:15:24", "end": "00:15:31", "text": "crypto banks are now authorized not only"}, {"start": "00:15:28", "end": "00:15:34", "text": "to trade internationally recognized"}, {"start": "00:15:31", "end": "00:15:37", "text": "cryptocurrencies, but also digital"}, {"start": "00:15:34", "end": "00:15:40", "text": "tokens issued via ICOs"}, {"start": "00:15:37", "end": "00:15:43", "text": "within the park. These next generation"}, {"start": "00:15:40", "end": "00:15:44", "text": "tokens can be utilized for deposits,"}, {"start": "00:15:43", "end": "00:15:49", "text": "transfers,"}, {"start": "00:15:44", "end": "00:15:52", "text": "lending, staking, and custody services."}, {"start": "00:15:49", "end": "00:15:55", "text": "merging conventional banking with modern"}, {"start": "00:15:52", "end": "00:15:57", "text": "blockchain innovations."}, {"start": "00:15:55", "end": "00:15:59", "text": "That's basically the end of the article."}, {"start": "00:15:57", "end": "00:16:01", "text": "So I was like,"}, {"start": "00:15:59", "end": "00:16:05", "text": "why would you not list"}, {"start": "00:16:01", "end": "00:16:07", "text": "which 26 coins? So then I'm pretty sure"}, {"start": "00:16:05", "end": "00:16:12", "text": "that this is what it is. I think I found"}, {"start": "00:16:07", "end": "00:16:14", "text": "like the actual Bellerusian"}, {"start": "00:16:12", "end": "00:16:17", "text": "economics website or something like that"}, {"start": "00:16:14", "end": "00:16:19", "text": "where they also announce on crypto"}, {"start": "00:16:17", "end": "00:16:21", "text": "banks. This is the this is decree number"}, {"start": "00:16:19", "end": "00:16:23", "text": "19"}, {"start": "00:16:21", "end": "00:16:26", "text": "on crypto banks and certain matters of"}, {"start": "00:16:23", "end": "00:16:29", "text": "control in the sphere of digital signs"}, {"start": "00:16:26", "end": "00:16:30", "text": "tokens was signed in Barus. As far as"}, {"start": "00:16:29", "end": "00:16:32", "text": "crypto banks are concerned, there are a"}, {"start": "00:16:30", "end": "00:16:34", "text": "number of legislative acts that have to"}, {"start": "00:16:32", "end": "00:16:36", "text": "be submitted by the national bank. We"}, {"start": "00:16:34", "end": "00:16:37", "text": "have prepared them. This is a joint"}, {"start": "00:16:36", "end": "00:16:39", "text": "resolution with the government. There"}, {"start": "00:16:37", "end": "00:16:41", "text": "are also documents that have to be"}, {"start": "00:16:39", "end": "00:16:43", "text": "adopted jointly with the secretariat of"}, {"start": "00:16:41", "end": "00:16:45", "text": "the supervisory board of the high-tech"}, {"start": "00:16:43", "end": "00:16:47", "text": "park at the latest session. yada yada"}, {"start": "00:16:45", "end": "00:16:49", "text": "yada so and so and so. The next"}, {"start": "00:16:47", "end": "00:16:51", "text": "paragraph, for those of you not looking"}, {"start": "00:16:49", "end": "00:16:53", "text": "at the screen, it says, \"As for"}, {"start": "00:16:51", "end": "00:16:56", "text": "cryptocurrencies,"}, {"start": "00:16:53", "end": "00:17:01", "text": "about 26 have been chosen.\" They say,"}, {"start": "00:16:56", "end": "00:17:05", "text": "\"The most popular are Bitcoin, Ethereum,"}, {"start": "00:17:01", "end": "00:17:06", "text": "the Ton Chain, and Salana."}, {"start": "00:17:05", "end": "00:17:09", "text": "They are included in the list of"}, {"start": "00:17:06", "end": "00:17:12", "text": "cryptocurrencies that can be used."}, {"start": "00:17:09", "end": "00:17:15", "text": "Stable coins are included accordingly.\""}, {"start": "00:17:12", "end": "00:17:18", "text": "For now, we see these 26 currencies. the"}, {"start": "00:17:15", "end": "00:17:21", "text": "first deputy chairman of the NBRB"}, {"start": "00:17:18", "end": "00:17:23", "text": "board said"}, {"start": "00:17:21", "end": "00:17:27", "text": "even on the actual government website"}, {"start": "00:17:23", "end": "00:17:30", "text": "they don't even list all 26 coins."}, {"start": "00:17:27", "end": "00:17:32", "text": "So I I I kept on looking and and I"}, {"start": "00:17:30", "end": "00:17:35", "text": "couldn't really find a lot as far as"}, {"start": "00:17:32", "end": "00:17:38", "text": "like which coins are allowed. Uh I found"}, {"start": "00:17:35", "end": "00:17:42", "text": "another list appar according to Egarov"}, {"start": "00:17:38", "end": "00:17:45", "text": "Bitcoin, Ethereum, Ton token, Salana,"}, {"start": "00:17:42", "end": "00:17:47", "text": "Cardano. It says not a cryptocurrency"}, {"start": "00:17:45", "end": "00:17:50", "text": "but a platform that hosts the ADA"}, {"start": "00:17:47", "end": "00:17:52", "text": "cryptocurrency. The so-called stable"}, {"start": "00:17:50", "end": "00:17:56", "text": "coins tether and circle coin which are"}, {"start": "00:17:52", "end": "00:17:58", "text": "pegged to the US dollar."}, {"start": "00:17:56", "end": "00:18:00", "text": "No matter where I looked, this is all"}, {"start": "00:17:58", "end": "00:18:04", "text": "like I this is also I think a"}, {"start": "00:18:00", "end": "00:18:10", "text": "Bellarusian website but in English. I"}, {"start": "00:18:04", "end": "00:18:10", "text": "could not find a list of the 26 coins."}, {"start": "00:18:10", "end": "00:18:13", "text": "That's why I was like this was also I"}, {"start": "00:18:11", "end": "00:18:15", "text": "mean I don't I don't want to use the"}, {"start": "00:18:13", "end": "00:18:18", "text": "word popular but I saw this in more than"}, {"start": "00:18:15", "end": "00:18:21", "text": "a few places. If we end up getting news"}, {"start": "00:18:18", "end": "00:18:24", "text": "that a country, a government, a central"}, {"start": "00:18:21", "end": "00:18:27", "text": "bank has allowed crypto in their"}, {"start": "00:18:24", "end": "00:18:30", "text": "country, it tends to make popular news."}, {"start": "00:18:27", "end": "00:18:33", "text": "When you announce that 26 coins can then"}, {"start": "00:18:30", "end": "00:18:35", "text": "be used by your government, by banks and"}, {"start": "00:18:33", "end": "00:18:41", "text": "companies, institutions, lawyers, you"}, {"start": "00:18:35", "end": "00:18:43", "text": "know, you'd expect a list of um of"}, {"start": "00:18:41", "end": "00:18:45", "text": "coins. I could they they they keep"}, {"start": "00:18:43", "end": "00:18:50", "text": "rementioning the same like six coins"}, {"start": "00:18:45", "end": "00:18:53", "text": "over and over. So, I guess that's um"}, {"start": "00:18:50", "end": "00:18:55", "text": "something. Uh the list of permitted"}, {"start": "00:18:53", "end": "00:18:57", "text": "transactions"}, {"start": "00:18:55", "end": "00:19:00", "text": "including 11 items are now permitted."}, {"start": "00:18:57", "end": "00:19:05", "text": "They are crypto deposits, crypto loans,"}, {"start": "00:19:00", "end": "00:19:06", "text": "crypto collateral, staking, uh"}, {"start": "00:19:05", "end": "00:19:09", "text": "cryptocurrency transfers between"}, {"start": "00:19:06", "end": "00:19:11", "text": "individuals and legal entities, issuance"}, {"start": "00:19:09", "end": "00:19:13", "text": "of banks own tokens and exchange and"}, {"start": "00:19:11", "end": "00:19:15", "text": "bank custody. This list is not"}, {"start": "00:19:13", "end": "00:19:17", "text": "exhaustive as there are accounting"}, {"start": "00:19:15", "end": "00:19:18", "text": "difficulties. These 11 in uh"}, {"start": "00:19:17", "end": "00:19:20", "text": "transactions are the only ones for which"}, {"start": "00:19:18", "end": "00:19:24", "text": "the accounting procedures are"}, {"start": "00:19:20", "end": "00:19:27", "text": "understood. Cool. Awesome. I would love"}, {"start": "00:19:24", "end": "00:19:31", "text": "to see like a a better list, but"}, {"start": "00:19:27", "end": "00:19:33", "text": "progress. Yeah. Um, so what was I going"}, {"start": "00:19:31", "end": "00:19:36", "text": "to say? There was something else there."}, {"start": "00:19:33", "end": "00:19:40", "text": "Oh, I lost it. Oh, yeah. There have been"}, {"start": "00:19:36", "end": "00:19:42", "text": "um there's been news recently of another"}, {"start": "00:19:40", "end": "00:19:44", "text": "country"}, {"start": "00:19:42", "end": "00:19:46", "text": "who recently"}, {"start": "00:19:44", "end": "00:19:48", "text": "um"}, {"start": "00:19:46", "end": "00:19:50", "text": "le leg le leg legalized"}, {"start": "00:19:48", "end": "00:19:54", "text": "crypto"}, {"start": "00:19:50", "end": "00:19:56", "text": "within their country. And I uh"}, {"start": "00:19:54", "end": "00:20:00", "text": "specifically chose not to bring that"}, {"start": "00:19:56", "end": "00:20:02", "text": "story because it was it was so"}, {"start": "00:20:00", "end": "00:20:05", "text": "incredibly backwards and dystopian. I"}, {"start": "00:20:02", "end": "00:20:07", "text": "think it benefited no one but the people"}, {"start": "00:20:05", "end": "00:20:09", "text": "in charge. There's a country who just"}, {"start": "00:20:07", "end": "00:20:13", "text": "announced that their that their central"}, {"start": "00:20:09", "end": "00:20:14", "text": "bank can now deal in crypto and what was"}, {"start": "00:20:13", "end": "00:20:17", "text": "the other thing? Like basically it's"}, {"start": "00:20:14", "end": "00:20:21", "text": "legal. Um however,"}, {"start": "00:20:17", "end": "00:20:24", "text": "in an un um weird twist of events, they"}, {"start": "00:20:21", "end": "00:20:28", "text": "announced that like normal people can't"}, {"start": "00:20:24", "end": "00:20:29", "text": "own more than I think like $3,000 worth"}, {"start": "00:20:28", "end": "00:20:34", "text": "of crypto."}, {"start": "00:20:29", "end": "00:20:36", "text": "Uh-huh. And if you do, you can be thrown"}, {"start": "00:20:34", "end": "00:20:40", "text": "behind bars."}, {"start": "00:20:36", "end": "00:20:43", "text": "Um, they also have like really intense"}, {"start": "00:20:40", "end": "00:20:45", "text": "laws as far as like how you can trade"}, {"start": "00:20:43", "end": "00:20:48", "text": "that crypto, buy that crypto. You have"}, {"start": "00:20:45", "end": "00:20:49", "text": "to like basically report it all the time"}, {"start": "00:20:48", "end": "00:20:53", "text": "so that they know that you're not"}, {"start": "00:20:49", "end": "00:20:55", "text": "getting rich from it."}, {"start": "00:20:53", "end": "00:21:00", "text": "That's a real thing. There's a country"}, {"start": "00:20:55", "end": "00:21:03", "text": "that many you you all know it. um who"}, {"start": "00:21:00", "end": "00:21:08", "text": "I didn't know this a year ago until I"}, {"start": "00:21:03", "end": "00:21:11", "text": "saw a documentary. Um they do not"}, {"start": "00:21:08", "end": "00:21:14", "text": "allow their citizens to get rich. If you"}, {"start": "00:21:11", "end": "00:21:16", "text": "get rich, you get penalties and fines"}, {"start": "00:21:14", "end": "00:21:19", "text": "and in many cases you get your bank"}, {"start": "00:21:16", "end": "00:21:23", "text": "accounts taken away from you. That is"}, {"start": "00:21:19", "end": "00:21:26", "text": "not a joke. That is not remotely any"}, {"start": "00:21:23", "end": "00:21:30", "text": "kind of a joke. So"}, {"start": "00:21:26", "end": "00:21:33", "text": "yeah, this one's a lot better than that."}, {"start": "00:21:30", "end": "00:21:36", "text": "So yeah, I looked around, found some"}, {"start": "00:21:33", "end": "00:21:38", "text": "information, but I find it weird that"}, {"start": "00:21:36", "end": "00:21:40", "text": "there just wasn't even like on the"}, {"start": "00:21:38", "end": "00:21:45", "text": "government website, there just wasn't a"}, {"start": "00:21:40", "end": "00:21:45", "text": "list listed anywhere."}, {"start": "00:21:46", "end": "00:21:51", "text": "Okay,"}, {"start": "00:21:48", "end": "00:21:55", "text": "let's move on."}, {"start": "00:21:51", "end": "00:21:58", "text": "also in yeah it looks like everyone is"}, {"start": "00:21:55", "end": "00:22:02", "text": "moving at the same kind of pace now"}, {"start": "00:21:58", "end": "00:22:05", "text": "we've gotten to the point where and I do"}, {"start": "00:22:02", "end": "00:22:07", "text": "not know if this is all because of the"}, {"start": "00:22:05", "end": "00:22:10", "text": "clarity act"}, {"start": "00:22:07", "end": "00:22:14", "text": "every government every country at least"}, {"start": "00:22:10", "end": "00:22:17", "text": "this year is beginning to announce their"}, {"start": "00:22:14", "end": "00:22:19", "text": "rules and regulations for crypto and"}, {"start": "00:22:17", "end": "00:22:21", "text": "also subsequently"}, {"start": "00:22:19", "end": "00:22:24", "text": "as We"}, {"start": "00:22:21", "end": "00:22:27", "text": "keep hearing that tokenization and"}, {"start": "00:22:24", "end": "00:22:29", "text": "stable coins are the future. That's the"}, {"start": "00:22:27", "end": "00:22:32", "text": "thing that's going to cause prices to"}, {"start": "00:22:29", "end": "00:22:34", "text": "skyrocket into the moon. We're now"}, {"start": "00:22:32", "end": "00:22:36", "text": "getting a lot of like onchain news."}, {"start": "00:22:34", "end": "00:22:38", "text": "Where this is going to happen, how"}, {"start": "00:22:36", "end": "00:22:42", "text": "that's going to take place, who's using"}, {"start": "00:22:38", "end": "00:22:44", "text": "what, how much money, etc.,"}, {"start": "00:22:42", "end": "00:22:47", "text": "etc."}, {"start": "00:22:44", "end": "00:22:50", "text": "The Stellar Foundation, sorry, the"}, {"start": "00:22:47", "end": "00:22:54", "text": "Stellar Development Foundation, SKUZA,"}, {"start": "00:22:50", "end": "00:22:56", "text": "and the Government of Bermuda"}, {"start": "00:22:54", "end": "00:23:00", "text": "have announced that the island nation"}, {"start": "00:22:56", "end": "00:23:04", "text": "will begin moving key payment and"}, {"start": "00:23:00", "end": "00:23:06", "text": "financial services activity onto the"}, {"start": "00:23:04", "end": "00:23:08", "text": "Stellar network."}, {"start": "00:23:06", "end": "00:23:12", "text": "Yeah. Marking the first operational"}, {"start": "00:23:08", "end": "00:23:15", "text": "milestone in Bermuda's stated ambition."}, {"start": "00:23:12", "end": "00:23:17", "text": "This was declared at the World Economic"}, {"start": "00:23:15", "end": "00:23:20", "text": "Forum in January 2026"}, {"start": "00:23:17", "end": "00:23:24", "text": "to become the world's first fully"}, {"start": "00:23:20", "end": "00:23:27", "text": "onchain national economy. So, a couple"}, {"start": "00:23:24", "end": "00:23:32", "text": "of things. Uh, the Stellar"}, {"start": "00:23:27", "end": "00:23:36", "text": "Coin project has been in the news"}, {"start": "00:23:32", "end": "00:23:38", "text": "six times in the last like five years."}, {"start": "00:23:36", "end": "00:23:42", "text": "They're not in the news as much anymore."}, {"start": "00:23:38", "end": "00:23:46", "text": "They were popularly in the news when we"}, {"start": "00:23:42", "end": "00:23:49", "text": "heard that they were going to be used by"}, {"start": "00:23:46", "end": "00:23:51", "text": "was it um Moneygram or Western Union. I"}, {"start": "00:23:49", "end": "00:23:53", "text": "don't know the difference between them."}, {"start": "00:23:51", "end": "00:23:55", "text": "One of them announced years ago they"}, {"start": "00:23:53", "end": "00:23:58", "text": "were going to be using uh the stellar"}, {"start": "00:23:55", "end": "00:24:02", "text": "coin and then something else happened"}, {"start": "00:23:58", "end": "00:24:04", "text": "but nothing like concrete if you will. a"}, {"start": "00:24:02", "end": "00:24:06", "text": "lot of the island nations"}, {"start": "00:24:04", "end": "00:24:08", "text": "um"}, {"start": "00:24:06", "end": "00:24:12", "text": "last two or three years announced their"}, {"start": "00:24:08", "end": "00:24:14", "text": "idea or ambitions of uh like being more"}, {"start": "00:24:12", "end": "00:24:16", "text": "crypto friendly and cryptonative. I"}, {"start": "00:24:14", "end": "00:24:18", "text": "would assume this has to do something"}, {"start": "00:24:16", "end": "00:24:20", "text": "with taxation. I don't know what the"}, {"start": "00:24:18", "end": "00:24:21", "text": "taxation levels are there, but they"}, {"start": "00:24:20", "end": "00:24:25", "text": "probably have a lot of like crypto"}, {"start": "00:24:21", "end": "00:24:28", "text": "investors. uh years ago there were tons"}, {"start": "00:24:25", "end": "00:24:30", "text": "of crypto investors"}, {"start": "00:24:28", "end": "00:24:33", "text": "who were moving to Puerto Rico because"}, {"start": "00:24:30", "end": "00:24:36", "text": "Puerto Rico I think also has a 0% tax"}, {"start": "00:24:33", "end": "00:24:38", "text": "rate and if you are from the states you"}, {"start": "00:24:36", "end": "00:24:40", "text": "can also go to Puerto Rico and basically"}, {"start": "00:24:38", "end": "00:24:41", "text": "live there and have 0% tax on your"}, {"start": "00:24:40", "end": "00:24:44", "text": "crypto. That was at least what it was"}, {"start": "00:24:41", "end": "00:24:48", "text": "years ago. We haven't had news recently"}, {"start": "00:24:44", "end": "00:24:52", "text": "to say otherwise. So,"}, {"start": "00:24:48", "end": "00:24:56", "text": "we've been getting news that everything"}, {"start": "00:24:52", "end": "00:25:01", "text": "is moving on chain. There's a really"}, {"start": "00:24:56", "end": "00:25:03", "text": "sense of incredible desperation or need"}, {"start": "00:25:01", "end": "00:25:08", "text": "to happen by all these banks and all"}, {"start": "00:25:03", "end": "00:25:09", "text": "these companies. It could be"}, {"start": "00:25:08", "end": "00:25:12", "text": "because Black Rockck and other"}, {"start": "00:25:09", "end": "00:25:15", "text": "gargantuan companies have begun to move"}, {"start": "00:25:12", "end": "00:25:17", "text": "on chain. They've begun tokenizing. They"}, {"start": "00:25:15", "end": "00:25:20", "text": "have tokenized, you know, stocks and"}, {"start": "00:25:17", "end": "00:25:22", "text": "bonds and other securities and they also"}, {"start": "00:25:20", "end": "00:25:24", "text": "have tokenized funds."}, {"start": "00:25:22", "end": "00:25:26", "text": "But for whatever reason, everyone's"}, {"start": "00:25:24", "end": "00:25:29", "text": "moving on chain."}, {"start": "00:25:26", "end": "00:25:32", "text": "This would be publicly, as far as we"}, {"start": "00:25:29", "end": "00:25:35", "text": "know, the first time that this is"}, {"start": "00:25:32", "end": "00:25:38", "text": "happening for Stellar. And it sounds"}, {"start": "00:25:35", "end": "00:25:41", "text": "like what many countries were doing"}, {"start": "00:25:38", "end": "00:25:43", "text": "years ago is they were putting their um"}, {"start": "00:25:41", "end": "00:25:45", "text": "I can't think of the of the term right"}, {"start": "00:25:43", "end": "00:25:48", "text": "now."}, {"start": "00:25:45", "end": "00:25:48", "text": "They're"}, {"start": "00:25:48", "end": "00:25:51", "text": "if they were like you know all like if"}, {"start": "00:25:49", "end": "00:25:52", "text": "if they were farming their farming"}, {"start": "00:25:51", "end": "00:25:55", "text": "information they would they were writing"}, {"start": "00:25:52", "end": "00:25:57", "text": "it on chain. Uh their their trade"}, {"start": "00:25:55", "end": "00:25:59", "text": "policies and practices and who things"}, {"start": "00:25:57", "end": "00:26:01", "text": "had gone to they were writing it on"}, {"start": "00:25:59", "end": "00:26:05", "text": "chain. That was what it was years ago."}, {"start": "00:26:01", "end": "00:26:08", "text": "But now we're getting the idea that they"}, {"start": "00:26:05", "end": "00:26:10", "text": "want their stock markets on top of these"}, {"start": "00:26:08", "end": "00:26:12", "text": "chains. They want their this on top of"}, {"start": "00:26:10", "end": "00:26:15", "text": "these chains. Like basically everything"}, {"start": "00:26:12", "end": "00:26:18", "text": "in finance."}, {"start": "00:26:15", "end": "00:26:20", "text": "It says stable infrastructure that"}, {"start": "00:26:18", "end": "00:26:23", "text": "scales. That's what the government of"}, {"start": "00:26:20", "end": "00:26:26", "text": "Bermuda is assessing by partnering with"}, {"start": "00:26:23", "end": "00:26:30", "text": "the stellar development foundation. This"}, {"start": "00:26:26", "end": "00:26:33", "text": "was they wrote at salt conference. Raja"}, {"start": "00:26:30", "end": "00:26:34", "text": "Chak spoke with Bermuda Premiere about"}, {"start": "00:26:33", "end": "00:26:37", "text": "how the stellar network's growth can"}, {"start": "00:26:34", "end": "00:26:38", "text": "power this exciting next step for"}, {"start": "00:26:37", "end": "00:26:43", "text": "Bermuda."}, {"start": "00:26:38", "end": "00:26:45", "text": "The Han E. David Bert premier of Bermuda"}, {"start": "00:26:43", "end": "00:26:46", "text": "uh addressed the issue directly in the"}, {"start": "00:26:45", "end": "00:26:48", "text": "announcement, noting that the digital"}, {"start": "00:26:46", "end": "00:26:50", "text": "dollars and Stellar's infrastructure"}, {"start": "00:26:48", "end": "00:26:53", "text": "make it possible to deliver this kind of"}, {"start": "00:26:50", "end": "00:26:56", "text": "systemic change responsibly and that"}, {"start": "00:26:53", "end": "00:26:58", "text": "scale Bermuda requires. Stellar"}, {"start": "00:26:56", "end": "00:26:59", "text": "selection is not incidental. The network"}, {"start": "00:26:58", "end": "00:27:01", "text": "was purpose-built for regulated"}, {"start": "00:26:59", "end": "00:27:02", "text": "financial services, public and"}, {"start": "00:27:01", "end": "00:27:05", "text": "permission by design. Yeah, but that"}, {"start": "00:27:02", "end": "00:27:07", "text": "doesn't mean anything. Most chains right"}, {"start": "00:27:05", "end": "00:27:12", "text": "now are built for stuff like this. This"}, {"start": "00:27:07", "end": "00:27:14", "text": "is why there was such a huge desperation"}, {"start": "00:27:12", "end": "00:27:17", "text": "um years ago for everyone to start uh"}, {"start": "00:27:14", "end": "00:27:20", "text": "becoming like a proof ofstake chain. The"}, {"start": "00:27:17", "end": "00:27:22", "text": "idea was, you know, proof of work is"}, {"start": "00:27:20", "end": "00:27:24", "text": "dirty. Having all these computers is"}, {"start": "00:27:22", "end": "00:27:27", "text": "dirty. What it's doing to the"}, {"start": "00:27:24", "end": "00:27:31", "text": "environment is absolutely is terrible."}, {"start": "00:27:27", "end": "00:27:33", "text": "So every chain that wanted to make it"}, {"start": "00:27:31", "end": "00:27:36", "text": "had to become either carbon neutral or"}, {"start": "00:27:33", "end": "00:27:39", "text": "carbon negative and by doing so you had"}, {"start": "00:27:36", "end": "00:27:41", "text": "to switch over to proof of stake without"}, {"start": "00:27:39", "end": "00:27:44", "text": "m all the gigantic mining equipment."}, {"start": "00:27:41", "end": "00:27:47", "text": "There are tons of coins that have, you"}, {"start": "00:27:44", "end": "00:27:49", "text": "know, that are built for purpose and"}, {"start": "00:27:47", "end": "00:27:52", "text": "they do this in their regular."}, {"start": "00:27:49", "end": "00:27:57", "text": "But what I assume happened is is that"}, {"start": "00:27:52", "end": "00:27:59", "text": "years ago, Stellar Lumens was"}, {"start": "00:27:57", "end": "00:28:01", "text": "one of the largest and most spoken about"}, {"start": "00:27:59", "end": "00:28:03", "text": "chains. Like Lumens was always in the"}, {"start": "00:28:01", "end": "00:28:06", "text": "news as some kind of an adversary, if"}, {"start": "00:28:03", "end": "00:28:10", "text": "you will, to Ripple and XRP."}, {"start": "00:28:06", "end": "00:28:12", "text": "But if you partnered with a country in"}, {"start": "00:28:10", "end": "00:28:15", "text": "2018 2019, that partnership is probably"}, {"start": "00:28:12", "end": "00:28:16", "text": "still going on. If they used Stellar"}, {"start": "00:28:15", "end": "00:28:18", "text": "before, they're like, \"Okay, cool. Let's"}, {"start": "00:28:16", "end": "00:28:20", "text": "just keep using it.\" Again, it's not"}, {"start": "00:28:18", "end": "00:28:26", "text": "that Stellar stands out any more than"}, {"start": "00:28:20", "end": "00:28:28", "text": "any other chain. They all do the same"}, {"start": "00:28:26", "end": "00:28:33", "text": "thing as I've been going over uh for"}, {"start": "00:28:28", "end": "00:28:37", "text": "years. So yeah, let's see exactly what"}, {"start": "00:28:33", "end": "00:28:40", "text": "this ends up being, how far this ends up"}, {"start": "00:28:37", "end": "00:28:42", "text": "going. Uh it it would appear, as I've"}, {"start": "00:28:40", "end": "00:28:46", "text": "been saying,"}, {"start": "00:28:42", "end": "00:28:50", "text": "governments and central banks seem to be"}, {"start": "00:28:46", "end": "00:28:52", "text": "of the idea that they want to tokenize"}, {"start": "00:28:50", "end": "00:28:54", "text": "everything."}, {"start": "00:28:52", "end": "00:28:59", "text": "So this could be a gigantic stepping"}, {"start": "00:28:54", "end": "00:29:02", "text": "stone for Stellar in the idea of if an"}, {"start": "00:28:59", "end": "00:29:05", "text": "entire nation puts their their trade,"}, {"start": "00:29:02", "end": "00:29:07", "text": "their infrastructure, their their their"}, {"start": "00:29:05", "end": "00:29:10", "text": "housing like you know if if housing ends"}, {"start": "00:29:07", "end": "00:29:12", "text": "up being sold on top of the stellar"}, {"start": "00:29:10", "end": "00:29:15", "text": "chain like that is absolutely"}, {"start": "00:29:12", "end": "00:29:17", "text": "monumental. It is it I find it"}, {"start": "00:29:15", "end": "00:29:20", "text": "fascinating the the the chains that"}, {"start": "00:29:17", "end": "00:29:23", "text": "we're beginning to hear about as of late"}, {"start": "00:29:20", "end": "00:29:25", "text": "that we've been going over. Stellar is"}, {"start": "00:29:23", "end": "00:29:28", "text": "now one of them. In in first place, it"}, {"start": "00:29:25", "end": "00:29:30", "text": "continues to be Ethereum. We're getting"}, {"start": "00:29:28", "end": "00:29:32", "text": "a lot of Salana news. We've had some"}, {"start": "00:29:30", "end": "00:29:36", "text": "Polygon,"}, {"start": "00:29:32", "end": "00:29:40", "text": "uh Avalanche, if you will, Hyera as well"}, {"start": "00:29:36", "end": "00:29:43", "text": "once or twice, and now uh Stellar Lumen."}, {"start": "00:29:40", "end": "00:29:47", "text": "So, yeah. I mean the so the the the way"}, {"start": "00:29:43", "end": "00:29:49", "text": "that crypto news tends up working is"}, {"start": "00:29:47", "end": "00:29:50", "text": "one of two things are going to happen."}, {"start": "00:29:49", "end": "00:29:54", "text": "We are either going to hear about this"}, {"start": "00:29:50", "end": "00:29:56", "text": "news nonstop or never again."}, {"start": "00:29:54", "end": "00:30:00", "text": "So, if they're moving along with this,"}, {"start": "00:29:56", "end": "00:30:03", "text": "as the Stellar network gets more money"}, {"start": "00:30:00", "end": "00:30:05", "text": "and real world assets on chain and"}, {"start": "00:30:03", "end": "00:30:07", "text": "people fall in love with it again, it"}, {"start": "00:30:05", "end": "00:30:11", "text": "will be back in the news constantly and"}, {"start": "00:30:07", "end": "00:30:13", "text": "we will hear productivity is up by 23%."}, {"start": "00:30:11", "end": "00:30:15", "text": "This much money is up by 18%. That's how"}, {"start": "00:30:13", "end": "00:30:17", "text": "it's going to be. Or if this goes"}, {"start": "00:30:15", "end": "00:30:19", "text": "nowhere, we will never hear about it"}, {"start": "00:30:17", "end": "00:30:22", "text": "again. That is how cryptocurrency news"}, {"start": "00:30:19", "end": "00:30:24", "text": "works. It's all or nothing. that there's"}, {"start": "00:30:22", "end": "00:30:25", "text": "that this is how it always is. You know,"}, {"start": "00:30:24", "end": "00:30:28", "text": "a project is popular when you keep"}, {"start": "00:30:25", "end": "00:30:30", "text": "hearing about it over and over. But"}, {"start": "00:30:28", "end": "00:30:34", "text": "quite significant. If everyone is is"}, {"start": "00:30:30", "end": "00:30:37", "text": "going on chain, then you know this is"}, {"start": "00:30:34", "end": "00:30:40", "text": "quite fascinating. Last thought, I do"}, {"start": "00:30:37", "end": "00:30:43", "text": "wonder how interoperable all of this is"}, {"start": "00:30:40", "end": "00:30:45", "text": "going to be uh"}, {"start": "00:30:43", "end": "00:30:47", "text": "as far as like from chain to chain and"}, {"start": "00:30:45", "end": "00:30:50", "text": "information and like being able to sell"}, {"start": "00:30:47", "end": "00:30:51", "text": "stuff or I don't know. May maybe over"}, {"start": "00:30:50", "end": "00:30:54", "text": "the years we'll have more like a"}, {"start": "00:30:51", "end": "00:30:56", "text": "crosschain bridges and protocols to kind"}, {"start": "00:30:54", "end": "00:30:58", "text": "of ease all of this without having to"}, {"start": "00:30:56", "end": "00:31:01", "text": "even think about it. Yeah, that's the"}, {"start": "00:30:58", "end": "00:31:05", "text": "stellar news. I think that's going to do"}, {"start": "00:31:01", "end": "00:31:07", "text": "it for this video. I do hope that you've"}, {"start": "00:31:05", "end": "00:31:09", "text": "all enjoyed."}, {"start": "00:31:07", "end": "00:31:12", "text": "I do hope you all are having a great"}, {"start": "00:31:09", "end": "00:31:14", "text": "day. I'm exhausted. I'm just completely"}, {"start": "00:31:12", "end": "00:31:16", "text": "worn out"}, {"start": "00:31:14", "end": "00:31:20", "text": "with everything because there's way too"}, {"start": "00:31:16", "end": "00:31:24", "text": "much going on. Uh, thank you all once"}, {"start": "00:31:20", "end": "00:31:28", "text": "again for watching, listening, liking,"}, {"start": "00:31:24", "end": "00:31:31", "text": "commenting, and supporting. And I will"}, {"start": "00:31:28", "end": "00:31:33", "text": "most certainly be talking to you all"}, {"start": "00:31:31", "end": "00:31:35", "text": "soon."}, {"start": "00:31:33", "end": "00:31:38", "text": "See"}, {"start": "00:31:35", "end": "00:31:38", "text": "you."}]

[{"start": "00:00:01", "end": "00:00:10", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video."}, {"start": "00:00:10", "end": "00:00:14", "text": "Hope you're all doing well. Hope"}, {"start": "00:00:12", "end": "00:00:17", "text": "everyone out there is having a great day"}, {"start": "00:00:14", "end": "00:00:20", "text": "and that you're all remembering to"}, {"start": "00:00:17", "end": "00:00:23", "text": "invest because it is now more important"}, {"start": "00:00:20", "end": "00:00:27", "text": "than ever, especially with the current"}, {"start": "00:00:23", "end": "00:00:30", "text": "state of the world. For those of you"}, {"start": "00:00:27", "end": "00:00:34", "text": "looking to keep your cryptocurrency"}, {"start": "00:00:30", "end": "00:00:38", "text": "safe, Ledger has tons of amazing options"}, {"start": "00:00:34", "end": "00:00:42", "text": "for you with their brand new Ledger Nano"}, {"start": "00:00:38", "end": "00:00:45", "text": "Gen 5 as well as their Ledger Nano S+."}, {"start": "00:00:42", "end": "00:00:49", "text": "For those of you looking for a"}, {"start": "00:00:45", "end": "00:00:54", "text": "wonderfully fantastical gift to give to"}, {"start": "00:00:49", "end": "00:00:58", "text": "someone, Ledger also now has gift cards."}, {"start": "00:00:54", "end": "00:01:01", "text": "Yeah, crazy, right? While I do not work"}, {"start": "00:00:58", "end": "00:01:03", "text": "for Ledger, I am an affiliate. And for"}, {"start": "00:01:01", "end": "00:01:06", "text": "those of you looking to keep your"}, {"start": "00:01:03", "end": "00:01:10", "text": "cryptocurrency safe, there is a link in"}, {"start": "00:01:06", "end": "00:01:13", "text": "the description below the"}, {"start": "00:01:10", "end": "00:01:18", "text": "video. Yeah, without any further ado,"}, {"start": "00:01:13", "end": "00:01:22", "text": "let's jump right into it. It would seem"}, {"start": "00:01:18", "end": "00:01:27", "text": "or appear"}, {"start": "00:01:22", "end": "00:01:30", "text": "that we have moved into what feels"}, {"start": "00:01:27", "end": "00:01:33", "text": "potentially like a brand new era in the"}, {"start": "00:01:30", "end": "00:01:38", "text": "cryptocurrency market. The last two"}, {"start": "00:01:33", "end": "00:01:41", "text": "weeks things feel a bit more the words"}, {"start": "00:01:38", "end": "00:01:43", "text": "not rushed, but I'll use the words"}, {"start": "00:01:41", "end": "00:01:45", "text": "rushed."}, {"start": "00:01:43", "end": "00:01:48", "text": "A lot of companies are popping back up"}, {"start": "00:01:45", "end": "00:01:49", "text": "announcing their cryptocurrency"}, {"start": "00:01:48", "end": "00:01:53", "text": "acquisitions."}, {"start": "00:01:49", "end": "00:01:56", "text": "Uh we heard from after a while we heard"}, {"start": "00:01:53", "end": "00:02:01", "text": "from MetaPlanet again there was also"}, {"start": "00:01:56", "end": "00:02:04", "text": "what was the name of that company Raj or"}, {"start": "00:02:01", "end": "00:02:07", "text": "Barber or something like that like a day"}, {"start": "00:02:04", "end": "00:02:11", "text": "or two ago who apparently"}, {"start": "00:02:07", "end": "00:02:14", "text": "over the last couple of year"}, {"start": "00:02:11", "end": "00:02:17", "text": "uh accumulated 15,000"}, {"start": "00:02:14", "end": "00:02:19", "text": "Bitcoin unbeknownsted to just about"}, {"start": "00:02:17", "end": "00:02:21", "text": "everyone on the planet except that the"}, {"start": "00:02:19", "end": "00:02:23", "text": "article made it seem like they've been"}, {"start": "00:02:21", "end": "00:02:26", "text": "doing this every single month and they"}, {"start": "00:02:23", "end": "00:02:28", "text": "haven't actually been in the news. We've"}, {"start": "00:02:26", "end": "00:02:31", "text": "gotten a lot of uh information"}, {"start": "00:02:28", "end": "00:02:33", "text": "uh from Visa, from other companies, from"}, {"start": "00:02:31", "end": "00:02:37", "text": "JP Morgan, from the New York Stock"}, {"start": "00:02:33", "end": "00:02:40", "text": "Exchange. Everyone's creating tokenized"}, {"start": "00:02:37", "end": "00:02:43", "text": "funds. Everyone's trying to be open 24"}, {"start": "00:02:40", "end": "00:02:45", "text": "hours and integrate blockchain. And this"}, {"start": "00:02:43", "end": "00:02:48", "text": "is happening and that's taking place. It"}, {"start": "00:02:45", "end": "00:02:51", "text": "it feels"}, {"start": "00:02:48", "end": "00:02:54", "text": "hurried in a manner. Uh at least the"}, {"start": "00:02:51", "end": "00:02:58", "text": "first half of the year, if you will,"}, {"start": "00:02:54", "end": "00:03:01", "text": "didn't have this exact kind of energy."}, {"start": "00:02:58", "end": "00:03:06", "text": "But for some reason, that seems to be"}, {"start": "00:03:01", "end": "00:03:11", "text": "what is there now. So,"}, {"start": "00:03:06", "end": "00:03:14", "text": "I won't use the words very popular news."}, {"start": "00:03:11", "end": "00:03:18", "text": "It's just more of a"}, {"start": "00:03:14", "end": "00:03:22", "text": "cool we'll see what takes place. Around"}, {"start": "00:03:18", "end": "00:03:26", "text": "two years ago, uh we the cryptocurrency"}, {"start": "00:03:22", "end": "00:03:30", "text": "public were told that a number of things"}, {"start": "00:03:26", "end": "00:03:33", "text": "were going to happen by 2025,"}, {"start": "00:03:30", "end": "00:03:36", "text": "a solid 2025."}, {"start": "00:03:33", "end": "00:03:39", "text": "Uh we are talking about companies buying"}, {"start": "00:03:36", "end": "00:03:42", "text": "up crypto. We're talking about"}, {"start": "00:03:39", "end": "00:03:44", "text": "integration into old systems."}, {"start": "00:03:42", "end": "00:03:47", "text": "We're talking about crypto being"}, {"start": "00:03:44", "end": "00:03:50", "text": "tax-free within the United States."}, {"start": "00:03:47", "end": "00:03:54", "text": "Uh-huh. Uh we're also talking about um"}, {"start": "00:03:50", "end": "00:03:58", "text": "states within the United States also"}, {"start": "00:03:54", "end": "00:04:01", "text": "accumulating uh Bitcoin as well. We"}, {"start": "00:03:58", "end": "00:04:04", "text": "thought it would be around 26 states. I"}, {"start": "00:04:01", "end": "00:04:06", "text": "think it's like four if I'm not mistaken"}, {"start": "00:04:04", "end": "00:04:09", "text": "at the at the current numbers that we've"}, {"start": "00:04:06", "end": "00:04:12", "text": "received about two months ago. On top of"}, {"start": "00:04:09", "end": "00:04:16", "text": "that, at the grand tippy top of that"}, {"start": "00:04:12", "end": "00:04:19", "text": "tower was the idea of the United States"}, {"start": "00:04:16", "end": "00:04:22", "text": "creating a cryptocurrency"}, {"start": "00:04:19", "end": "00:04:25", "text": "strategic reserve is the term that"}, {"start": "00:04:22", "end": "00:04:28", "text": "people were using. Uh there were a"}, {"start": "00:04:25", "end": "00:04:30", "text": "number of coins that were held with the"}, {"start": "00:04:28", "end": "00:04:36", "text": "Department of Justice and I believe"}, {"start": "00:04:30", "end": "00:04:40", "text": "those coins got swapped into a a wallet"}, {"start": "00:04:36", "end": "00:04:43", "text": "of sorts and that became the reserve. uh"}, {"start": "00:04:40", "end": "00:04:46", "text": "the way that it was presented to us, the"}, {"start": "00:04:43", "end": "00:04:50", "text": "the people, if you will, was that the US"}, {"start": "00:04:46", "end": "00:04:52", "text": "was going to essentially continuously"}, {"start": "00:04:50", "end": "00:04:55", "text": "accumulate Bitcoin from all different"}, {"start": "00:04:52", "end": "00:04:59", "text": "areas, potentially buying anywhere from"}, {"start": "00:04:55", "end": "00:05:02", "text": "one Bitcoin, 10 Bitcoin to 100 Bitcoin"}, {"start": "00:04:59", "end": "00:05:04", "text": "per day. And how do we know that? Well,"}, {"start": "00:05:02", "end": "00:05:06", "text": "because this is what we were told."}, {"start": "00:05:04", "end": "00:05:10", "text": "Because last year there was a huge"}, {"start": "00:05:06", "end": "00:05:14", "text": "uptick in the what do you call it? Uh we"}, {"start": "00:05:10", "end": "00:05:17", "text": "heard news from Tom Lee, Michael Sailor,"}, {"start": "00:05:14", "end": "00:05:20", "text": "um other eccentric guy whose name I I"}, {"start": "00:05:17", "end": "00:05:24", "text": "can't remember that they were in"}, {"start": "00:05:20", "end": "00:05:26", "text": "discussions with uh a number of places"}, {"start": "00:05:24", "end": "00:05:28", "text": "within the Middle East and other"}, {"start": "00:05:26", "end": "00:05:31", "text": "countries around the world whose leaders"}, {"start": "00:05:28", "end": "00:05:34", "text": "were like okay if the US is going to do"}, {"start": "00:05:31", "end": "00:05:37", "text": "this we have to do the same. So, we"}, {"start": "00:05:34", "end": "00:05:41", "text": "started getting news that apparently"}, {"start": "00:05:37", "end": "00:05:43", "text": "certain like Dubai has half a billion"}, {"start": "00:05:41", "end": "00:05:45", "text": "dollars worth of Bitcoin or something"}, {"start": "00:05:43", "end": "00:05:47", "text": "like that and they have this and that"}, {"start": "00:05:45", "end": "00:05:51", "text": "place has that. That led a lot of people"}, {"start": "00:05:47", "end": "00:05:53", "text": "to kind of go, okay, it's beginning."}, {"start": "00:05:51", "end": "00:05:57", "text": "Everything we heard that was going to"}, {"start": "00:05:53", "end": "00:06:00", "text": "happen is now happening. And then 2025"}, {"start": "00:05:57", "end": "00:06:03", "text": "kind of ended with a a flutter. Crypto"}, {"start": "00:06:00", "end": "00:06:05", "text": "prices began to go down around November."}, {"start": "00:06:03", "end": "00:06:08", "text": "We didn't hear any more news or very"}, {"start": "00:06:05", "end": "00:06:10", "text": "little news about companies announcing"}, {"start": "00:06:08", "end": "00:06:12", "text": "they would be buying Bitcoin, which"}, {"start": "00:06:10", "end": "00:06:15", "text": "we're now seeing a bounce back of. We're"}, {"start": "00:06:12", "end": "00:06:17", "text": "now seeing a lot more discussions as to"}, {"start": "00:06:15", "end": "00:06:21", "text": "laws and rules and regulations being"}, {"start": "00:06:17", "end": "00:06:24", "text": "passed through and still"}, {"start": "00:06:21", "end": "00:06:26", "text": "no news at all of the United States"}, {"start": "00:06:24", "end": "00:06:30", "text": "actually"}, {"start": "00:06:26", "end": "00:06:33", "text": "um buying up Bitcoin. So, like I said,"}, {"start": "00:06:30", "end": "00:06:36", "text": "this isn't popular news."}, {"start": "00:06:33", "end": "00:06:38", "text": "But it's news."}, {"start": "00:06:36", "end": "00:06:43", "text": "US representative,"}, {"start": "00:06:38", "end": "00:06:47", "text": "his name is Nick Begich, B G I C from"}, {"start": "00:06:43", "end": "00:06:50", "text": "Alaska, has introduced a groundbreaking"}, {"start": "00:06:47", "end": "00:06:54", "text": "bill, okay, that could change the"}, {"start": "00:06:50", "end": "00:06:58", "text": "landscape of the cryptocurrency market."}, {"start": "00:06:54", "end": "00:07:02", "text": "It is titled the American Reserve"}, {"start": "00:06:58", "end": "00:07:05", "text": "Modernization Act or ARMA. This proposal"}, {"start": "00:07:02", "end": "00:07:08", "text": "aims to institutionalize"}, {"start": "00:07:05", "end": "00:07:11", "text": "the process of establishing a strategic"}, {"start": "00:07:08", "end": "00:07:13", "text": "Bitcoin reserve for the United States"}, {"start": "00:07:11", "end": "00:07:16", "text": "and would grant the Treasury Department"}, {"start": "00:07:13", "end": "00:07:21", "text": "the authority to acquire up to 1 million"}, {"start": "00:07:16", "end": "00:07:23", "text": "Bitcoin over the next five years."}, {"start": "00:07:21", "end": "00:07:26", "text": "I can only assume that this is being"}, {"start": "00:07:23", "end": "00:07:29", "text": "presented because this is what we were"}, {"start": "00:07:26", "end": "00:07:31", "text": "told was going to happen. There are a"}, {"start": "00:07:29", "end": "00:07:33", "text": "lot of politicians and other people who"}, {"start": "00:07:31", "end": "00:07:35", "text": "are"}, {"start": "00:07:33", "end": "00:07:39", "text": "adamantly stoked"}, {"start": "00:07:35", "end": "00:07:42", "text": "for the idea of the Clarity Act, but now"}, {"start": "00:07:39", "end": "00:07:45", "text": "nearly all mention of the United States"}, {"start": "00:07:42", "end": "00:07:47", "text": "actively accumulating cryptocurrencies"}, {"start": "00:07:45", "end": "00:07:52", "text": "has gone the way of the dinosaur. We"}, {"start": "00:07:47", "end": "00:07:54", "text": "hear nothing about it at all. So, I can"}, {"start": "00:07:52", "end": "00:07:57", "text": "only assume Oh, do you remember how"}, {"start": "00:07:54", "end": "00:07:59", "text": "weird that was"}, {"start": "00:07:57", "end": "00:08:01", "text": "last year,"}, {"start": "00:07:59", "end": "00:08:03", "text": "the proposals that people were putting"}, {"start": "00:08:01", "end": "00:08:05", "text": "forth,"}, {"start": "00:08:03", "end": "00:08:09", "text": "somebody was talking about the United"}, {"start": "00:08:05", "end": "00:08:10", "text": "States selling their gold. So,"}, {"start": "00:08:09", "end": "00:08:13", "text": "apparently the way that it works out is"}, {"start": "00:08:10", "end": "00:08:17", "text": "the United States has tons of gold. Got"}, {"start": "00:08:13", "end": "00:08:21", "text": "it. But they price it apparently"}, {"start": "00:08:17", "end": "00:08:23", "text": "what is it like4 or $50 an ounce because"}, {"start": "00:08:21", "end": "00:08:26", "text": "they're they're still leaving it at like"}, {"start": "00:08:23", "end": "00:08:29", "text": "1970s prices. I forgot what the what the"}, {"start": "00:08:26", "end": "00:08:33", "text": "logic behind it was. And somebody was"}, {"start": "00:08:29", "end": "00:08:34", "text": "like if we priced that at like today's"}, {"start": "00:08:33", "end": "00:08:37", "text": "gold"}, {"start": "00:08:34", "end": "00:08:40", "text": "that would be like a 900x."}, {"start": "00:08:37", "end": "00:08:43", "text": "So then we'd be able to sell 1% of the"}, {"start": "00:08:40", "end": "00:08:45", "text": "gold because it went up higher in price"}, {"start": "00:08:43", "end": "00:08:47", "text": "than it was before. And we were like,"}, {"start": "00:08:45", "end": "00:08:50", "text": "\"What? What the what are you what are"}, {"start": "00:08:47", "end": "00:08:54", "text": "you talking about?\" Someone um suggested"}, {"start": "00:08:50", "end": "00:08:56", "text": "the US selling their cheese."}, {"start": "00:08:54", "end": "00:08:59", "text": "Yeah. It it gets weirder than you than"}, {"start": "00:08:56", "end": "00:09:02", "text": "you think. apparently underground"}, {"start": "00:08:59", "end": "00:09:07", "text": "somewhere. The United States since like"}, {"start": "00:09:02", "end": "00:09:10", "text": "the 1960s just has like cheese, like"}, {"start": "00:09:07", "end": "00:09:13", "text": "huge gigantic wheels of cheese"}, {"start": "00:09:10", "end": "00:09:15", "text": "underground."}, {"start": "00:09:13", "end": "00:09:18", "text": "And someone was like, \"We should sell"}, {"start": "00:09:15", "end": "00:09:20", "text": "off like 10 billion dollars worth of"}, {"start": "00:09:18", "end": "00:09:22", "text": "cheese and buy Bitcoin.\" And I was like,"}, {"start": "00:09:20", "end": "00:09:24", "text": "\"You have you have you have over a"}, {"start": "00:09:22", "end": "00:09:28", "text": "billion dollars worth of cheese just"}, {"start": "00:09:24", "end": "00:09:28", "text": "sitting underground?"}, {"start": "00:09:28", "end": "00:09:32", "text": "So anyway, those were the initial"}, {"start": "00:09:29", "end": "00:09:36", "text": "proposals. Of course, as far as we know,"}, {"start": "00:09:32", "end": "00:09:39", "text": "none of them took place. So I assume"}, {"start": "00:09:36", "end": "00:09:43", "text": "this is being presented as an idea that"}, {"start": "00:09:39", "end": "00:09:45", "text": "there would then be a committee or a"}, {"start": "00:09:43", "end": "00:09:47", "text": "group of people who would then be"}, {"start": "00:09:45", "end": "00:09:52", "text": "responsible for actually"}, {"start": "00:09:47", "end": "00:09:55", "text": "uh doing this. It says, and I quote,"}, {"start": "00:09:52", "end": "00:09:57", "text": "highlightings Bitcoin emergence as a"}, {"start": "00:09:55", "end": "00:10:01", "text": "leading store of value in the digital"}, {"start": "00:09:57", "end": "00:10:03", "text": "asset space comparable to gold's role"}, {"start": "00:10:01", "end": "00:10:05", "text": "among precious metals. The proposed"}, {"start": "00:10:03", "end": "00:10:07", "text": "regulation also stresses the need for"}, {"start": "00:10:05", "end": "00:10:09", "text": "greater flexibility in the Federal"}, {"start": "00:10:07", "end": "00:10:12", "text": "Reserve's asset"}, {"start": "00:10:09", "end": "00:10:16", "text": "um strategy."}, {"start": "00:10:12", "end": "00:10:18", "text": "Okay. Importantly, the proposal"}, {"start": "00:10:16", "end": "00:10:21", "text": "reaffirms the rights of US citizens to"}, {"start": "00:10:18", "end": "00:10:24", "text": "freely acquire, transfer, and"}, {"start": "00:10:21", "end": "00:10:27", "text": "self-custody crypto assets. Non-Bitcoin"}, {"start": "00:10:24", "end": "00:10:29", "text": "cryptocurrencies would be managed in a"}, {"start": "00:10:27", "end": "00:10:32", "text": "separate federal stockpile and tracked"}, {"start": "00:10:29", "end": "00:10:35", "text": "independently."}, {"start": "00:10:32", "end": "00:10:38", "text": "Okay. Yeah. Here also here as well. Uh"}, {"start": "00:10:35", "end": "00:10:41", "text": "to achieve this, the bill is suggesting"}, {"start": "00:10:38", "end": "00:10:44", "text": "revaluing the Federal Reserve's gold"}, {"start": "00:10:41", "end": "00:10:48", "text": "certificates that have a price of $42"}, {"start": "00:10:44", "end": "00:10:48", "text": "per ounce,"}, {"start": "00:10:48", "end": "00:10:55", "text": "thereby unlocking funds for Bitcoin"}, {"start": "00:10:51", "end": "00:11:00", "text": "acquisitions without new taxes."}, {"start": "00:10:55", "end": "00:11:04", "text": "You know, I'm gonna give you uh here's"}, {"start": "00:11:00", "end": "00:11:06", "text": "when you find out"}, {"start": "00:11:04", "end": "00:11:10", "text": "how much money the US is actually"}, {"start": "00:11:06", "end": "00:11:13", "text": "spending on complete and utter nonsense,"}, {"start": "00:11:10", "end": "00:11:17", "text": "it always shocks me that there isn't a"}, {"start": "00:11:13", "end": "00:11:20", "text": "discussion of just not spending money on"}, {"start": "00:11:17", "end": "00:11:23", "text": "nonsense and using that money on on"}, {"start": "00:11:20", "end": "00:11:27", "text": "Bitcoin instead. If you've ever looked"}, {"start": "00:11:23", "end": "00:11:29", "text": "into uh what are these things called?"}, {"start": "00:11:27", "end": "00:11:32", "text": "You know how like"}, {"start": "00:11:29", "end": "00:11:34", "text": "deficits and fundings from like cities"}, {"start": "00:11:32", "end": "00:11:36", "text": "and other places and like what they can"}, {"start": "00:11:34", "end": "00:11:40", "text": "and can't do and how they can't find"}, {"start": "00:11:36", "end": "00:11:43", "text": "money and a a lot of times"}, {"start": "00:11:40", "end": "00:11:45", "text": "um historically we've been taught that"}, {"start": "00:11:43", "end": "00:11:49", "text": "like nothing can be done or even if you"}, {"start": "00:11:45", "end": "00:11:52", "text": "look at like the cost of like bridge"}, {"start": "00:11:49", "end": "00:11:55", "text": "repair or like road repair for certain"}, {"start": "00:11:52", "end": "00:11:59", "text": "things in the United States comparative"}, {"start": "00:11:55", "end": "00:12:01", "text": "to like the cost in like China"}, {"start": "00:11:59", "end": "00:12:04", "text": "or the like the cost in like the Middle"}, {"start": "00:12:01", "end": "00:12:07", "text": "East. It's like a fraction of a fraction"}, {"start": "00:12:04", "end": "00:12:09", "text": "of a fraction of that. There's a I don't"}, {"start": "00:12:07", "end": "00:12:10", "text": "know what the I mean it's not a"}, {"start": "00:12:09", "end": "00:12:13", "text": "documentary like it was like a news"}, {"start": "00:12:10", "end": "00:12:16", "text": "expose. I think they were showing in"}, {"start": "00:12:13", "end": "00:12:17", "text": "Singapore. Was it Singapore? I'm pretty"}, {"start": "00:12:16", "end": "00:12:19", "text": "sure it was Singapore. There was like a"}, {"start": "00:12:17", "end": "00:12:22", "text": "brand new train line, like a brand new"}, {"start": "00:12:19", "end": "00:12:26", "text": "metro line, and they were showing the"}, {"start": "00:12:22", "end": "00:12:28", "text": "cost of maintaining"}, {"start": "00:12:26", "end": "00:12:31", "text": "the New York City trains, like the"}, {"start": "00:12:28", "end": "00:12:35", "text": "transit system, compared to like the"}, {"start": "00:12:31", "end": "00:12:38", "text": "cost of a brand new modern like train"}, {"start": "00:12:35", "end": "00:12:43", "text": "line somewhere in Asia. I think the one"}, {"start": "00:12:38", "end": "00:12:44", "text": "in Asia, it was like $3.3 billion or"}, {"start": "00:12:43", "end": "00:12:46", "text": "something like that. And I mean, it was"}, {"start": "00:12:44", "end": "00:12:49", "text": "like impeccably beautiful. It was all"}, {"start": "00:12:46", "end": "00:12:51", "text": "automated doors opening by themselves."}, {"start": "00:12:49", "end": "00:12:53", "text": "It was, you know, clean. It was It was"}, {"start": "00:12:51", "end": "00:12:56", "text": "gorgeous. And I think for the for for"}, {"start": "00:12:53", "end": "00:12:58", "text": "New York, it was something like 18"}, {"start": "00:12:56", "end": "00:13:01", "text": "billion. It was some astronomically"}, {"start": "00:12:58", "end": "00:13:03", "text": "weird number. And I'm like, I feel like"}, {"start": "00:13:01", "end": "00:13:05", "text": "a lot. And that's that's like that's not"}, {"start": "00:13:03", "end": "00:13:07", "text": "even scratching the surface. If you have"}, {"start": "00:13:05", "end": "00:13:08", "text": "ever paid attention, it's it's not the"}, {"start": "00:13:07", "end": "00:13:10", "text": "most exciting thing. It It's exciting"}, {"start": "00:13:08", "end": "00:13:12", "text": "for me though. You've ever paid"}, {"start": "00:13:10", "end": "00:13:15", "text": "attention to like what the US spends"}, {"start": "00:13:12", "end": "00:13:17", "text": "money on."}, {"start": "00:13:15", "end": "00:13:19", "text": "Not saying that it should explicitly go"}, {"start": "00:13:17", "end": "00:13:22", "text": "to Bitcoin. There are other things of"}, {"start": "00:13:19", "end": "00:13:24", "text": "course important as well. But the fact"}, {"start": "00:13:22", "end": "00:13:26", "text": "that this is like some kind of a weird"}, {"start": "00:13:24", "end": "00:13:31", "text": "conundrum or like a weird math problem"}, {"start": "00:13:26", "end": "00:13:36", "text": "in any sort of in any sort of way. So"}, {"start": "00:13:31", "end": "00:13:39", "text": "any anywh who um awesome. So this was"}, {"start": "00:13:36", "end": "00:13:43", "text": "floating around. This is a um a new"}, {"start": "00:13:39", "end": "00:13:47", "text": "proposal. The idea once again would be"}, {"start": "00:13:43", "end": "00:13:50", "text": "to acquire a a million Bitcoin"}, {"start": "00:13:47", "end": "00:13:52", "text": "uh essentially 200,000"}, {"start": "00:13:50", "end": "00:13:55", "text": "per year"}, {"start": "00:13:52", "end": "00:13:59", "text": "which should have began last year but"}, {"start": "00:13:55", "end": "00:14:02", "text": "did not. I"}, {"start": "00:13:59", "end": "00:14:05", "text": "feel like"}, {"start": "00:14:02", "end": "00:14:07", "text": "this is probably not ever going to"}, {"start": "00:14:05", "end": "00:14:09", "text": "happen at this point. No one's"}, {"start": "00:14:07", "end": "00:14:11", "text": "announcing it. No one's discussing it."}, {"start": "00:14:09", "end": "00:14:16", "text": "No one's talking about it. If you've"}, {"start": "00:14:11", "end": "00:14:18", "text": "been here long enough uh within the"}, {"start": "00:14:16", "end": "00:14:21", "text": "cryptocurrency space,"}, {"start": "00:14:18", "end": "00:14:23", "text": "they're always like some lawmaker"}, {"start": "00:14:21", "end": "00:14:26", "text": "proposing something. It gets people"}, {"start": "00:14:23", "end": "00:14:29", "text": "hyped up because they often don't"}, {"start": "00:14:26", "end": "00:14:30", "text": "understand how US politics work and that"}, {"start": "00:14:29", "end": "00:14:32", "text": "you can kind of you can announce"}, {"start": "00:14:30", "end": "00:14:34", "text": "anything. You can say you want to do a"}, {"start": "00:14:32", "end": "00:14:36", "text": "backhand flip while holding a like a"}, {"start": "00:14:34", "end": "00:14:39", "text": "banana in your mouth as you sing the"}, {"start": "00:14:36", "end": "00:14:41", "text": "national anthem with two dogs."}, {"start": "00:14:39", "end": "00:14:42", "text": "It's not going to get signed into law."}, {"start": "00:14:41", "end": "00:14:45", "text": "So,"}, {"start": "00:14:42", "end": "00:14:47", "text": "as it stands right now, I feel like we"}, {"start": "00:14:45", "end": "00:14:51", "text": "would have"}, {"start": "00:14:47", "end": "00:14:55", "text": "heard something by now. I feel like any"}, {"start": "00:14:51", "end": "00:14:57", "text": "Bitcoin that the US does acquire is"}, {"start": "00:14:55", "end": "00:15:00", "text": "probably going to come through some kind"}, {"start": "00:14:57", "end": "00:15:03", "text": "of the pipeline of"}, {"start": "00:15:00", "end": "00:15:06", "text": "we got this website cuz they were doing"}, {"start": "00:15:03", "end": "00:15:07", "text": "things that we deemed illegal and we"}, {"start": "00:15:06", "end": "00:15:10", "text": "took their coins and now that's being"}, {"start": "00:15:07", "end": "00:15:13", "text": "added to the reserve. I don't expect the"}, {"start": "00:15:10", "end": "00:15:17", "text": "US to actually at least not within the"}, {"start": "00:15:13", "end": "00:15:19", "text": "next 5 to 10 years realistically"}, {"start": "00:15:17", "end": "00:15:21", "text": "actually buy any Bitcoin. Not to sound"}, {"start": "00:15:19", "end": "00:15:23", "text": "pessimistic, but I mean look at look at"}, {"start": "00:15:21", "end": "00:15:28", "text": "logic."}, {"start": "00:15:23", "end": "00:15:31", "text": "So yeah, I I mean also the US also wants"}, {"start": "00:15:28", "end": "00:15:34", "text": "a million Bitcoin."}, {"start": "00:15:31", "end": "00:15:37", "text": "There's barely a million Bitcoin that's"}, {"start": "00:15:34", "end": "00:15:38", "text": "left actually up for grabs. And it's"}, {"start": "00:15:37", "end": "00:15:42", "text": "probably going to be Fidelity, Black"}, {"start": "00:15:38", "end": "00:15:45", "text": "Rockck, Micro Strategy, MetaPlanet, and"}, {"start": "00:15:42", "end": "00:15:49", "text": "I guess like 47 very wealthy family"}, {"start": "00:15:45", "end": "00:15:52", "text": "offices who will accumulate those coins"}, {"start": "00:15:49", "end": "00:15:56", "text": "for themselves. So anyway, that's the"}, {"start": "00:15:52", "end": "00:15:58", "text": "sure, why not go for it? I would love to"}, {"start": "00:15:56", "end": "00:16:00", "text": "see this happen. But"}, {"start": "00:15:58", "end": "00:16:04", "text": "if"}, {"start": "00:16:00", "end": "00:16:08", "text": "the United States did announce,"}, {"start": "00:16:04", "end": "00:16:10", "text": "now we're acquiring a million Bitcoin,"}, {"start": "00:16:08", "end": "00:16:13", "text": "this would cause"}, {"start": "00:16:10", "end": "00:16:15", "text": "other countries and individuals to buy"}, {"start": "00:16:13", "end": "00:16:18", "text": "up as much Bitcoin as possible, which"}, {"start": "00:16:15", "end": "00:16:20", "text": "would still then mathematically"}, {"start": "00:16:18", "end": "00:16:22", "text": "never allow the United States to have a"}, {"start": "00:16:20", "end": "00:16:25", "text": "million Bitcoin. They're like they're"}, {"start": "00:16:22", "end": "00:16:27", "text": "talking like the the the last time we"}, {"start": "00:16:25", "end": "00:16:29", "text": "saw a number, I think it was 2.2 2"}, {"start": "00:16:27", "end": "00:16:31", "text": "million Bitcoin were like on exchanges"}, {"start": "00:16:29", "end": "00:16:34", "text": "and like verifiable that they were kind"}, {"start": "00:16:31", "end": "00:16:36", "text": "of there. But a million Bitcoin is being"}, {"start": "00:16:34", "end": "00:16:38", "text": "held by individuals on crypto exchanges"}, {"start": "00:16:36", "end": "00:16:40", "text": "who have no desire to relinquish their"}, {"start": "00:16:38", "end": "00:16:42", "text": "coins until Bitcoin's above a million"}, {"start": "00:16:40", "end": "00:16:44", "text": "dollars. A lot of the other coins are"}, {"start": "00:16:42", "end": "00:16:49", "text": "simply just like sitting there like for"}, {"start": "00:16:44", "end": "00:16:52", "text": "you know whatever. So anywh who um it"}, {"start": "00:16:49", "end": "00:16:54", "text": "was nice to dream but um I I I think the"}, {"start": "00:16:52", "end": "00:16:56", "text": "ETFs and other countries are definitely"}, {"start": "00:16:54", "end": "00:17:01", "text": "going to"}, {"start": "00:16:56", "end": "00:17:04", "text": "uh win that one. Okie dokie."}, {"start": "00:17:01", "end": "00:17:04", "text": "Let's move on."}, {"start": "00:17:05", "end": "00:17:12", "text": "So in"}, {"start": "00:17:07", "end": "00:17:16", "text": "Sure, why not? Um Charles Hoskinson"}, {"start": "00:17:12", "end": "00:17:20", "text": "uh this year and last year"}, {"start": "00:17:16", "end": "00:17:24", "text": "has kind of"}, {"start": "00:17:20", "end": "00:17:27", "text": "announced willingness to integrate"}, {"start": "00:17:24", "end": "00:17:30", "text": "further with other chains. Uh this is"}, {"start": "00:17:27", "end": "00:17:35", "text": "surprising because uh we were told by"}, {"start": "00:17:30", "end": "00:17:39", "text": "him that Cardano is was is the the best"}, {"start": "00:17:35", "end": "00:17:42", "text": "chain ever. Uh when the people from"}, {"start": "00:17:39", "end": "00:17:47", "text": "Ripple got invited to the White House,"}, {"start": "00:17:42", "end": "00:17:49", "text": "um we saw that Charles Hoskinson"}, {"start": "00:17:47", "end": "00:17:51", "text": "apparently at that time was ready to"}, {"start": "00:17:49", "end": "00:17:55", "text": "play ball"}, {"start": "00:17:51", "end": "00:17:57", "text": "and said that he wanted to begin to mint"}, {"start": "00:17:55", "end": "00:18:00", "text": "and create Ripple's stable coin on top"}, {"start": "00:17:57", "end": "00:18:05", "text": "of Cardano. And then there was news"}, {"start": "00:18:00", "end": "00:18:08", "text": "about some kind of an a Cardano XRP DeFi"}, {"start": "00:18:05", "end": "00:18:12", "text": "integration, what have you. Uh there was"}, {"start": "00:18:08", "end": "00:18:16", "text": "a lot of"}, {"start": "00:18:12", "end": "00:18:18", "text": "talk, negative talk about how awful uh"}, {"start": "00:18:16", "end": "00:18:20", "text": "Ethereum is and how Cardano is going to"}, {"start": "00:18:18", "end": "00:18:24", "text": "be the best coin ever. And then that"}, {"start": "00:18:20", "end": "00:18:25", "text": "transformed into, hey, let's integrate"}, {"start": "00:18:24", "end": "00:18:30", "text": "Bitcoin,"}, {"start": "00:18:25", "end": "00:18:33", "text": "give it DeFi, and put it with Cardano."}, {"start": "00:18:30", "end": "00:18:35", "text": "So much like being able to propose a"}, {"start": "00:18:33", "end": "00:18:39", "text": "bill, you can propose anything you want,"}, {"start": "00:18:35", "end": "00:18:42", "text": "but people have to actually use said"}, {"start": "00:18:39", "end": "00:18:44", "text": "thing. Bitcoin DeFi, we've had some"}, {"start": "00:18:42", "end": "00:18:46", "text": "news, more so in the beginning of the"}, {"start": "00:18:44", "end": "00:18:50", "text": "year. Bitcoin DeFi is kind of meant to"}, {"start": "00:18:46", "end": "00:18:52", "text": "be, you know, the crown on top of"}, {"start": "00:18:50", "end": "00:18:56", "text": "everything DeFi. Being able to deal in"}, {"start": "00:18:52", "end": "00:18:58", "text": "Bitcoin's value across multiple chains,"}, {"start": "00:18:56", "end": "00:19:00", "text": "being able to tokenize and have stable"}, {"start": "00:18:58", "end": "00:19:04", "text": "coins on top of Bitcoin. All the"}, {"start": "00:19:00", "end": "00:19:08", "text": "proposals have actually been there. So,"}, {"start": "00:19:04", "end": "00:19:11", "text": "as it stands mathematically, Ethereum is"}, {"start": "00:19:08", "end": "00:19:14", "text": "currently the altcoin king and kind of"}, {"start": "00:19:11", "end": "00:19:17", "text": "the king of like money moving through"}, {"start": "00:19:14", "end": "00:19:20", "text": "multiple different chains, DeFi, yada"}, {"start": "00:19:17", "end": "00:19:22", "text": "yada, so and so and so."}, {"start": "00:19:20", "end": "00:19:26", "text": "Cardono"}, {"start": "00:19:22", "end": "00:19:30", "text": "works and seems to be poised for action."}, {"start": "00:19:26", "end": "00:19:31", "text": "However, you can"}, {"start": "00:19:30", "end": "00:19:34", "text": "run all of these things on top of"}, {"start": "00:19:31", "end": "00:19:37", "text": "Cardano, but it's about companies and"}, {"start": "00:19:34", "end": "00:19:39", "text": "the public wanting to use them. If we"}, {"start": "00:19:37", "end": "00:19:42", "text": "are hearing that you will be able to"}, {"start": "00:19:39", "end": "00:19:45", "text": "stake your bitcoin and make passive"}, {"start": "00:19:42", "end": "00:19:47", "text": "income from it uh and you announce you"}, {"start": "00:19:45", "end": "00:19:51", "text": "can do it on let's say five different"}, {"start": "00:19:47", "end": "00:19:52", "text": "chains if not also on bitcoin's chain as"}, {"start": "00:19:51", "end": "00:19:54", "text": "well"}, {"start": "00:19:52", "end": "00:19:57", "text": "you then have to wait for the metrics to"}, {"start": "00:19:54", "end": "00:19:59", "text": "come in to see exactly which chains"}, {"start": "00:19:57", "end": "00:20:01", "text": "people are using. Are you understanding?"}, {"start": "00:19:59", "end": "00:20:04", "text": "Everyone, this is this this happened in"}, {"start": "00:20:01", "end": "00:20:07", "text": "2017, 18, 19, 20, and more so in 21"}, {"start": "00:20:04", "end": "00:20:08", "text": "around that era. Everyone began to"}, {"start": "00:20:07", "end": "00:20:11", "text": "announce that their coin was awesome,"}, {"start": "00:20:08", "end": "00:20:14", "text": "fantastic, and beautiful. That's that's"}, {"start": "00:20:11", "end": "00:20:16", "text": "lovely. But how many people want to use"}, {"start": "00:20:14", "end": "00:20:20", "text": "a 100 different chains? So, this is why"}, {"start": "00:20:16", "end": "00:20:22", "text": "a lot of times when we do get news, it's"}, {"start": "00:20:20", "end": "00:20:26", "text": "now revolving around seven coins, give"}, {"start": "00:20:22", "end": "00:20:27", "text": "or take. Three, but four are also there."}, {"start": "00:20:26", "end": "00:20:30", "text": "We're getting a lot of news. Bitcoin,"}, {"start": "00:20:27", "end": "00:20:33", "text": "Ethereum, XRP, you already know. We've"}, {"start": "00:20:30", "end": "00:20:35", "text": "had a healthy amount of Salana news."}, {"start": "00:20:33", "end": "00:20:37", "text": "We've had some Avalanche news. We had"}, {"start": "00:20:35", "end": "00:20:39", "text": "Polygon news. We recently had some"}, {"start": "00:20:37", "end": "00:20:42", "text": "Hideera news. And I think in January, we"}, {"start": "00:20:39", "end": "00:20:44", "text": "had something about Litecoin."}, {"start": "00:20:42", "end": "00:20:47", "text": "That's as far as it's gone. A lot of the"}, {"start": "00:20:44", "end": "00:20:49", "text": "Cardano news has been usually Charles"}, {"start": "00:20:47", "end": "00:20:53", "text": "Hoskinson"}, {"start": "00:20:49", "end": "00:20:55", "text": "uh slinging mud at someone. So anyway,"}, {"start": "00:20:53", "end": "00:20:59", "text": "as discussions, remember how I said"}, {"start": "00:20:55", "end": "00:21:02", "text": "everything feels hurried."}, {"start": "00:20:59", "end": "00:21:04", "text": "It feels to me"}, {"start": "00:21:02", "end": "00:21:07", "text": "like these people know that something is"}, {"start": "00:21:04", "end": "00:21:10", "text": "happening behind the scenes, behind the"}, {"start": "00:21:07", "end": "00:21:13", "text": "curtain that we are not aware of. There"}, {"start": "00:21:10", "end": "00:21:15", "text": "is a huge amount of energy now to try"}, {"start": "00:21:13", "end": "00:21:18", "text": "and get the Clarity Act pushed through,"}, {"start": "00:21:15", "end": "00:21:20", "text": "to get this bill to happen, for the SEC"}, {"start": "00:21:18", "end": "00:21:23", "text": "to do that. these companies are buying"}, {"start": "00:21:20", "end": "00:21:25", "text": "all of this and at the same time we're"}, {"start": "00:21:23", "end": "00:21:27", "text": "we're getting this kind of like energy"}, {"start": "00:21:25", "end": "00:21:28", "text": "of I need to buy as much crypto as"}, {"start": "00:21:27", "end": "00:21:31", "text": "possible. I need to integrate this as"}, {"start": "00:21:28", "end": "00:21:33", "text": "fast as possible because it it it a"}, {"start": "00:21:31", "end": "00:21:35", "text": "either feels like that these companies"}, {"start": "00:21:33", "end": "00:21:40", "text": "have kind of chosen who they want to"}, {"start": "00:21:35", "end": "00:21:43", "text": "use. Okay. The secondary part feels like"}, {"start": "00:21:40", "end": "00:21:46", "text": "if they have chosen and they're they're"}, {"start": "00:21:43", "end": "00:21:48", "text": "announcing these coins over and over,"}, {"start": "00:21:46", "end": "00:21:50", "text": "then of course you would want your coin"}, {"start": "00:21:48", "end": "00:21:52", "text": "to be a part of the fray as well. Just a"}, {"start": "00:21:50", "end": "00:21:54", "text": "matter of if it actually ends up"}, {"start": "00:21:52", "end": "00:21:57", "text": "happening."}, {"start": "00:21:54", "end": "00:21:59", "text": "Cardano founder, his name is Charles"}, {"start": "00:21:57", "end": "00:22:03", "text": "Hoskinson,"}, {"start": "00:21:59", "end": "00:22:07", "text": "says that Bitcoin DeFi is a wide open"}, {"start": "00:22:03", "end": "00:22:10", "text": "market where Cardano can gain an"}, {"start": "00:22:07", "end": "00:22:14", "text": "advantage."}, {"start": "00:22:10", "end": "00:22:18", "text": "Okay. Hoskinson called Bitcoin DeFi the"}, {"start": "00:22:14", "end": "00:22:21", "text": "largest growth area in DeFi with no"}, {"start": "00:22:18", "end": "00:22:23", "text": "dominant market leader yet. Everyone"}, {"start": "00:22:21", "end": "00:22:27", "text": "seems to be vying."}, {"start": "00:22:23", "end": "00:22:29", "text": "If we're getting news that seven or"}, {"start": "00:22:27", "end": "00:22:31", "text": "eight different coins are popping up in"}, {"start": "00:22:29", "end": "00:22:33", "text": "the news, Visa's using them, JP Morgan's"}, {"start": "00:22:31", "end": "00:22:36", "text": "doing this, Facebook might be using I"}, {"start": "00:22:33", "end": "00:22:39", "text": "think Facebook Facebook is using"}, {"start": "00:22:36", "end": "00:22:41", "text": "Polygon,"}, {"start": "00:22:39", "end": "00:22:46", "text": "was it Polygon and Avalanche or Polygon"}, {"start": "00:22:41", "end": "00:22:49", "text": "and Salana as their two chains for"}, {"start": "00:22:46", "end": "00:22:51", "text": "sending stable coins to um content"}, {"start": "00:22:49", "end": "00:22:54", "text": "creators? like we're we're we're getting"}, {"start": "00:22:51", "end": "00:22:56", "text": "a lot of the same coins. If Cardano is"}, {"start": "00:22:54", "end": "00:22:58", "text": "not part of that conversation and"}, {"start": "00:22:56", "end": "00:23:01", "text": "Bitcoin will potentially always be the"}, {"start": "00:22:58", "end": "00:23:04", "text": "number one coin, you then have to shift"}, {"start": "00:23:01", "end": "00:23:07", "text": "focus and tell everyone Bitcoin DeFi is"}, {"start": "00:23:04", "end": "00:23:10", "text": "coming and I'm integrating it with my"}, {"start": "00:23:07", "end": "00:23:12", "text": "chain. So therefore, use my chain first."}, {"start": "00:23:10", "end": "00:23:14", "text": "And in the Bitcoin DeFi space, it's not"}, {"start": "00:23:12", "end": "00:23:17", "text": "like Ethereum."}, {"start": "00:23:14", "end": "00:23:20", "text": "There's still space for people to kind"}, {"start": "00:23:17", "end": "00:23:23", "text": "of jump on board, but you got to kind of"}, {"start": "00:23:20", "end": "00:23:26", "text": "do it now. It says, \"Bitcoin's $ 1.5"}, {"start": "00:23:23", "end": "00:23:29", "text": "trillion market cap represents major"}, {"start": "00:23:26", "end": "00:23:31", "text": "untapped liquidity for DeFi"}, {"start": "00:23:29", "end": "00:23:37", "text": "applications, especially as we are"}, {"start": "00:23:31", "end": "00:23:38", "text": "getting news that by the year 2030, I"}, {"start": "00:23:37", "end": "00:23:42", "text": "need to keep saying that over and over"}, {"start": "00:23:38", "end": "00:23:47", "text": "because it's not that far away. By 2030,"}, {"start": "00:23:42", "end": "00:23:48", "text": "they're expecting was it $30"}, {"start": "00:23:47", "end": "00:23:51", "text": "trillion"}, {"start": "00:23:48", "end": "00:23:53", "text": "worth of real world assets to be"}, {"start": "00:23:51", "end": "00:23:55", "text": "onchain."}, {"start": "00:23:53", "end": "00:23:57", "text": "Many of them expected to also be on top"}, {"start": "00:23:55", "end": "00:24:00", "text": "of of Bitcoin."}, {"start": "00:23:57", "end": "00:24:03", "text": "If those tokenized assets,"}, {"start": "00:24:00", "end": "00:24:06", "text": "you'd be able to use them in DeFi, that"}, {"start": "00:24:03", "end": "00:24:08", "text": "presents a gargantuan opportunity to"}, {"start": "00:24:06", "end": "00:24:12", "text": "make money, not only for the investor,"}, {"start": "00:24:08", "end": "00:24:14", "text": "but also for like the actual chain. If"}, {"start": "00:24:12", "end": "00:24:17", "text": "Cardano integrates with Bitcoin and"}, {"start": "00:24:14", "end": "00:24:19", "text": "people start tokenizing their assets on"}, {"start": "00:24:17", "end": "00:24:23", "text": "Bitcoin, but then they use the value of"}, {"start": "00:24:19", "end": "00:24:25", "text": "that on Cardano DeFi, Cardano then"}, {"start": "00:24:23", "end": "00:24:27", "text": "begins to make tons of money. The coin"}, {"start": "00:24:25", "end": "00:24:29", "text": "ends up going up in price as does"}, {"start": "00:24:27", "end": "00:24:32", "text": "Bitcoin. It's like a mutual growth kind"}, {"start": "00:24:29", "end": "00:24:36", "text": "of thing. And we're we're expecting a"}, {"start": "00:24:32", "end": "00:24:38", "text": "20x No. No, it's more than that. I I I"}, {"start": "00:24:36", "end": "00:24:42", "text": "think there's only"}, {"start": "00:24:38", "end": "00:24:44", "text": "what was it? 50 60 70 80 billion dollars"}, {"start": "00:24:42", "end": "00:24:46", "text": "in real world assets on chain. They're"}, {"start": "00:24:44", "end": "00:24:48", "text": "expecting it to be trillions. According"}, {"start": "00:24:46", "end": "00:24:50", "text": "to Hoskinson,"}, {"start": "00:24:48", "end": "00:24:53", "text": "Cardano could"}, {"start": "00:24:50", "end": "00:24:57", "text": "win the race for Bitcoin DeFi because it"}, {"start": "00:24:53", "end": "00:24:59", "text": "has the right tech and a head start."}, {"start": "00:24:57", "end": "00:25:01", "text": "Cardano has already started pursuing"}, {"start": "00:24:59", "end": "00:25:03", "text": "this area following the launch of"}, {"start": "00:25:01", "end": "00:25:06", "text": "Midnight."}, {"start": "00:25:03", "end": "00:25:09", "text": "We heard about Midnight uh couple of"}, {"start": "00:25:06", "end": "00:25:13", "text": "months ago."}, {"start": "00:25:09", "end": "00:25:16", "text": "I don't know. This all it's not that it"}, {"start": "00:25:13", "end": "00:25:19", "text": "feels weird. It's just it it's just"}, {"start": "00:25:16", "end": "00:25:24", "text": "something feels off. No, maybe maybe"}, {"start": "00:25:19", "end": "00:25:26", "text": "it's just me. It it kind of it kind of"}, {"start": "00:25:24", "end": "00:25:30", "text": "um"}, {"start": "00:25:26", "end": "00:25:32", "text": "very popular rather quite spoken about"}, {"start": "00:25:30", "end": "00:25:35", "text": "news. It wasn't the most popular thing"}, {"start": "00:25:32", "end": "00:25:39", "text": "in the world. It's interesting to see"}, {"start": "00:25:35", "end": "00:25:42", "text": "that he's trying to reach out a bit more"}, {"start": "00:25:39", "end": "00:25:46", "text": "to have, you know, more"}, {"start": "00:25:42", "end": "00:25:49", "text": "olive branches, if you will. Um,"}, {"start": "00:25:46", "end": "00:25:52", "text": "historically, as we have seen in the"}, {"start": "00:25:49", "end": "00:25:55", "text": "news at least, Charles Hoskinson has"}, {"start": "00:25:52", "end": "00:25:55", "text": "kind of been a"}, {"start": "00:25:56", "end": "00:26:00", "text": "an interesting communicator when it"}, {"start": "00:25:58", "end": "00:26:03", "text": "comes to how he feels about different"}, {"start": "00:26:00", "end": "00:26:05", "text": "coins, different projects. He badmouthed"}, {"start": "00:26:03", "end": "00:26:08", "text": "XRP for years and the people who held"}, {"start": "00:26:05", "end": "00:26:12", "text": "XRP for years and now he's also trying"}, {"start": "00:26:08", "end": "00:26:16", "text": "to integrate into that as well. So"}, {"start": "00:26:12", "end": "00:26:22", "text": "I feel like realistically"}, {"start": "00:26:16", "end": "00:26:26", "text": "if prices begin to properly recover,"}, {"start": "00:26:22", "end": "00:26:28", "text": "Cardano has a chance of like doing well."}, {"start": "00:26:26", "end": "00:26:31", "text": "I saw a price prediction a day or two"}, {"start": "00:26:28", "end": "00:26:33", "text": "ago of like a $4 Cardano. was not really"}, {"start": "00:26:31", "end": "00:26:38", "text": "that surprising. I think it was near"}, {"start": "00:26:33", "end": "00:26:41", "text": "that price before. Anyway, uh"}, {"start": "00:26:38", "end": "00:26:43", "text": "I think this integration needs to happen"}, {"start": "00:26:41", "end": "00:26:46", "text": "and is basically as always up to the"}, {"start": "00:26:43", "end": "00:26:50", "text": "market to try and decide."}, {"start": "00:26:46", "end": "00:26:53", "text": "There will be multiple different bridges"}, {"start": "00:26:50", "end": "00:26:56", "text": "for Bitcoin and Ethereum DeFi. There"}, {"start": "00:26:53", "end": "00:26:59", "text": "will be a Bitcoin's the main chain."}, {"start": "00:26:56", "end": "00:27:03", "text": "There will be tons of Bitcoin Salana"}, {"start": "00:26:59", "end": "00:27:06", "text": "DeFi. Bitcoin, Polygon, DeFi,"}, {"start": "00:27:03", "end": "00:27:09", "text": "across the board. And it's just a matter"}, {"start": "00:27:06", "end": "00:27:12", "text": "of if the public is going to actually"}, {"start": "00:27:09", "end": "00:27:14", "text": "uh want to use these things. It does"}, {"start": "00:27:12", "end": "00:27:18", "text": "feel like with the news, unless some"}, {"start": "00:27:14", "end": "00:27:20", "text": "some special uh hush hush operation is"}, {"start": "00:27:18", "end": "00:27:24", "text": "taking place,"}, {"start": "00:27:20", "end": "00:27:28", "text": "it kind of feels like we know which"}, {"start": "00:27:24", "end": "00:27:30", "text": "coins are going to be adopted the most."}, {"start": "00:27:28", "end": "00:27:33", "text": "I told you before I'm expecting 10 to"}, {"start": "00:27:30", "end": "00:27:37", "text": "15. I don't think Cardano is out for the"}, {"start": "00:27:33", "end": "00:27:40", "text": "count, but I do think three, four, five"}, {"start": "00:27:37", "end": "00:27:42", "text": "years of bad mouthing other chains"}, {"start": "00:27:40", "end": "00:27:44", "text": "probably doesn't really help a lot,"}, {"start": "00:27:42", "end": "00:27:48", "text": "especially when the other chains are"}, {"start": "00:27:44", "end": "00:27:52", "text": "doing astronomically well. So, DeFi,"}, {"start": "00:27:48", "end": "00:27:55", "text": "tokenization, stable coins, yield, all"}, {"start": "00:27:52", "end": "00:27:58", "text": "these things are supposed to be"}, {"start": "00:27:55", "end": "00:28:00", "text": "like the thing that that kind of causes"}, {"start": "00:27:58", "end": "00:28:03", "text": "the cryptocurrency space to go"}, {"start": "00:28:00", "end": "00:28:07", "text": "mainstream. And I mean like in a very"}, {"start": "00:28:03", "end": "00:28:10", "text": "short period of time. I would dare even"}, {"start": "00:28:07", "end": "00:28:12", "text": "say once again"}, {"start": "00:28:10", "end": "00:28:15", "text": "if"}, {"start": "00:28:12", "end": "00:28:18", "text": "we actually see the the Clarity Act"}, {"start": "00:28:15", "end": "00:28:21", "text": "getting signed, that is meant to be once"}, {"start": "00:28:18", "end": "00:28:25", "text": "again the moment where these companies"}, {"start": "00:28:21", "end": "00:28:26", "text": "and corporations have clarity as to what"}, {"start": "00:28:25", "end": "00:28:28", "text": "they can do within the cryptocurrency"}, {"start": "00:28:26", "end": "00:28:31", "text": "space, how things are handled, what they"}, {"start": "00:28:28", "end": "00:28:33", "text": "can and can't create."}, {"start": "00:28:31", "end": "00:28:36", "text": "If that if that does indeed end up"}, {"start": "00:28:33", "end": "00:28:39", "text": "passing on the 4th of July,"}, {"start": "00:28:36", "end": "00:28:42", "text": "by December we should have our answer."}, {"start": "00:28:39", "end": "00:28:43", "text": "We're waiting for the middle of June to"}, {"start": "00:28:42", "end": "00:28:46", "text": "see what the Fed does with interest"}, {"start": "00:28:43", "end": "00:28:48", "text": "rates. We're waiting for the 4th of July"}, {"start": "00:28:46", "end": "00:28:51", "text": "to see if the Clarity Act ends up"}, {"start": "00:28:48", "end": "00:28:54", "text": "getting passed. By the time we get to"}, {"start": "00:28:51", "end": "00:28:56", "text": "August, September, October, we should"}, {"start": "00:28:54", "end": "00:28:58", "text": "see, you know, real stuff happening."}, {"start": "00:28:56", "end": "00:29:01", "text": "That's how you get to a quarter of a"}, {"start": "00:28:58", "end": "00:29:04", "text": "million dollar Bitcoin. And then this"}, {"start": "00:29:01", "end": "00:29:07", "text": "the other part is by December if"}, {"start": "00:29:04", "end": "00:29:12", "text": "Bitcoin's at 250, if Ethereum's at"}, {"start": "00:29:07", "end": "00:29:15", "text": "1314,000, if XRP's at $12,"}, {"start": "00:29:12", "end": "00:29:17", "text": "Cardano would have or should have also"}, {"start": "00:29:15", "end": "00:29:19", "text": "logically"}, {"start": "00:29:17", "end": "00:29:23", "text": "moved up in price as well. We have some"}, {"start": "00:29:19", "end": "00:29:25", "text": "very interesting months ahead of us."}, {"start": "00:29:23", "end": "00:29:27", "text": "These companies feel like they're buying"}, {"start": "00:29:25", "end": "00:29:30", "text": "up a lot of crypto. Everyone's trying to"}, {"start": "00:29:27", "end": "00:29:33", "text": "get stuff pushed through and passed. And"}, {"start": "00:29:30", "end": "00:29:36", "text": "yeah, this this this this by far has"}, {"start": "00:29:33", "end": "00:29:39", "text": "already been a quite a weird year. The"}, {"start": "00:29:36", "end": "00:29:42", "text": "second half is supposed to be fireworks."}, {"start": "00:29:39", "end": "00:29:45", "text": "That's what we were uh told."}, {"start": "00:29:42", "end": "00:29:47", "text": "I think that is going to do it for this"}, {"start": "00:29:45", "end": "00:29:50", "text": "video."}, {"start": "00:29:47", "end": "00:29:51", "text": "I do hope that you've all enjoyed. Hope"}, {"start": "00:29:50", "end": "00:29:53", "text": "you're all doing well. Hope you're all"}, {"start": "00:29:51", "end": "00:29:55", "text": "remembering to take care of yourselves."}, {"start": "00:29:53", "end": "00:29:57", "text": "Hope you're all remembering to invest."}, {"start": "00:29:55", "end": "00:29:59", "text": "It's very important. It's also very fun."}, {"start": "00:29:57", "end": "00:30:02", "text": "The the more you invest, the more you"}, {"start": "00:29:59", "end": "00:30:04", "text": "actually like love it. Um I can't"}, {"start": "00:30:02", "end": "00:30:07", "text": "explain it, but it's a very nice"}, {"start": "00:30:04", "end": "00:30:10", "text": "feeling. Thank you all once again for"}, {"start": "00:30:07", "end": "00:30:13", "text": "watching and listening and liking and"}, {"start": "00:30:10", "end": "00:30:18", "text": "supporting, and I will most certainly be"}, {"start": "00:30:13", "end": "00:30:21", "text": "talking to you all soon."}, {"start": "00:30:18", "end": "00:30:21", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:11", "text": "Welcome back for another video."}, {"start": "00:00:09", "end": "00:00:14", "text": "Hope you're all doing well."}, {"start": "00:00:11", "end": "00:00:18", "text": "Hope everyone's remembering to invest."}, {"start": "00:00:14", "end": "00:00:22", "text": "You got to you got to do it cuz um"}, {"start": "00:00:18", "end": "00:00:24", "text": "things in the global financial monetary"}, {"start": "00:00:22", "end": "00:00:26", "text": "economy"}, {"start": "00:00:24", "end": "00:00:27", "text": "are probably going to be ridiculous for"}, {"start": "00:00:26", "end": "00:00:29", "text": "uh"}, {"start": "00:00:27", "end": "00:00:31", "text": "for a while now."}, {"start": "00:00:29", "end": "00:00:33", "text": "Very big thank you to my Patreon"}, {"start": "00:00:31", "end": "00:00:37", "text": "supporters."}, {"start": "00:00:33", "end": "00:00:39", "text": "Finley Bass, Gil Boa Snake, and Trent"}, {"start": "00:00:37", "end": "00:00:41", "text": "Jackson. Thank you very much for your"}, {"start": "00:00:39", "end": "00:00:44", "text": "support."}, {"start": "00:00:41", "end": "00:00:47", "text": "Don't forget to follow me on social"}, {"start": "00:00:44", "end": "00:00:52", "text": "media. There are links"}, {"start": "00:00:47", "end": "00:00:54", "text": "in the description below this video. And"}, {"start": "00:00:52", "end": "00:00:59", "text": "without any further ado,"}, {"start": "00:00:54", "end": "00:01:04", "text": "let's jump right into it. It would"}, {"start": "00:00:59", "end": "00:01:07", "text": "appear that my theory is"}, {"start": "00:01:04", "end": "00:01:11", "text": "working in in motion."}, {"start": "00:01:07", "end": "00:01:15", "text": "Um I have assumed for the last few weeks"}, {"start": "00:01:11", "end": "00:01:18", "text": "that something major is upon us. We will"}, {"start": "00:01:15", "end": "00:01:22", "text": "find out in the middle of June if said"}, {"start": "00:01:18", "end": "00:01:25", "text": "event is actually going to occur."}, {"start": "00:01:22", "end": "00:01:29", "text": "But it would appear that the movements"}, {"start": "00:01:25", "end": "00:01:34", "text": "of large banks and companies both inside"}, {"start": "00:01:29", "end": "00:01:35", "text": "and outside the cryptocurrency space,"}, {"start": "00:01:34", "end": "00:01:37", "text": "they're all kind of pointing to"}, {"start": "00:01:35", "end": "00:01:41", "text": "something. Uh"}, {"start": "00:01:37", "end": "00:01:44", "text": "generalizing in the idea that if we are"}, {"start": "00:01:41", "end": "00:01:48", "text": "no longer in the four-year cycle, this"}, {"start": "00:01:44", "end": "00:01:49", "text": "would mean, according to these 47"}, {"start": "00:01:48", "end": "00:01:53", "text": "companies,"}, {"start": "00:01:49", "end": "00:01:55", "text": "that prices would continue to go up this"}, {"start": "00:01:53", "end": "00:01:57", "text": "year. As [snorts] we have a relative"}, {"start": "00:01:55", "end": "00:01:59", "text": "amount of uncertainty at the moment"}, {"start": "00:01:57", "end": "00:02:01", "text": "which will be"}, {"start": "00:01:59", "end": "00:02:04", "text": "clarified,"}, {"start": "00:02:01", "end": "00:02:07", "text": "wink, once we have the Clarity Act, once"}, {"start": "00:02:04", "end": "00:02:09", "text": "we know what the Fed is going to do, and"}, {"start": "00:02:07", "end": "00:02:11", "text": "once for the love of goodness if these"}, {"start": "00:02:09", "end": "00:02:14", "text": "world events and conflicts would just"}, {"start": "00:02:11", "end": "00:02:16", "text": "completely stop. So, all world markets"}, {"start": "00:02:14", "end": "00:02:19", "text": "could kind of recover"}, {"start": "00:02:16", "end": "00:02:21", "text": "simultaneously."}, {"start": "00:02:19", "end": "00:02:25", "text": "Um it would appear that the the"}, {"start": "00:02:21", "end": "00:02:28", "text": "companies are preparing nevertheless."}, {"start": "00:02:25", "end": "00:02:31", "text": "That's what I thought has been quite"}, {"start": "00:02:28", "end": "00:02:34", "text": "fascinating. That despite all of this"}, {"start": "00:02:31", "end": "00:02:37", "text": "and the unknowns, if you will,"}, {"start": "00:02:34", "end": "00:02:38", "text": "uh companies are acting as if they do"}, {"start": "00:02:37", "end": "00:02:40", "text": "know"}, {"start": "00:02:38", "end": "00:02:43", "text": "and are"}, {"start": "00:02:40", "end": "00:02:46", "text": "continuing what they said that they were"}, {"start": "00:02:43", "end": "00:02:49", "text": "going to do last year and this year."}, {"start": "00:02:46", "end": "00:02:52", "text": "But, once again, it it feels"}, {"start": "00:02:49", "end": "00:02:54", "text": "panicked in their way that they're doing"}, {"start": "00:02:52", "end": "00:02:56", "text": "it. There seems to be like a huge rush"}, {"start": "00:02:54", "end": "00:02:59", "text": "to get as quickly as possible into"}, {"start": "00:02:56", "end": "00:03:01", "text": "cryptocurrencies right now as opposed to"}, {"start": "00:02:59", "end": "00:03:04", "text": "December"}, {"start": "00:03:01", "end": "00:03:09", "text": "or as opposed to the middle of 2027,"}, {"start": "00:03:04", "end": "00:03:12", "text": "etc. etc. So,"}, {"start": "00:03:09", "end": "00:03:14", "text": "and of course very very very popular"}, {"start": "00:03:12", "end": "00:03:17", "text": "news,"}, {"start": "00:03:14", "end": "00:03:20", "text": "Bitmain immersion"}, {"start": "00:03:17", "end": "00:03:24", "text": "said on Monday that its Ethereum"}, {"start": "00:03:20", "end": "00:03:27", "text": "holdings have continued to climb"}, {"start": "00:03:24", "end": "00:03:30", "text": "reaching 5 million tokens and getting"}, {"start": "00:03:27", "end": "00:03:32", "text": "closer to the company's long-term goal"}, {"start": "00:03:30", "end": "00:03:37", "text": "of owning 5%"}, {"start": "00:03:32", "end": "00:03:39", "text": "of the entire supply of ether. Bitmain"}, {"start": "00:03:37", "end": "00:03:42", "text": "announced last year"}, {"start": "00:03:39", "end": "00:03:44", "text": "that they were a Bitcoin mining company."}, {"start": "00:03:42", "end": "00:03:46", "text": "They were stopping all Bitcoin"}, {"start": "00:03:44", "end": "00:03:50", "text": "operations and were focusing entirely"}, {"start": "00:03:46", "end": "00:03:54", "text": "entirely on Ethereum. That then morphed"}, {"start": "00:03:50", "end": "00:03:57", "text": "into them buying up much ether that they"}, {"start": "00:03:54", "end": "00:03:59", "text": "said, \"Okay, we want 5% of the entire"}, {"start": "00:03:57", "end": "00:04:04", "text": "supply of all the ether that's out"}, {"start": "00:03:59", "end": "00:04:07", "text": "there.\" That has morphed into I think"}, {"start": "00:04:04", "end": "00:04:09", "text": "that they're currently the largest"}, {"start": "00:04:07", "end": "00:04:11", "text": "staker of ether on the planet, if I'm"}, {"start": "00:04:09", "end": "00:04:13", "text": "not mistaken."}, {"start": "00:04:11", "end": "00:04:16", "text": "Popularly entering the news sometime"}, {"start": "00:04:13", "end": "00:04:19", "text": "around April that they are making a"}, {"start": "00:04:16", "end": "00:04:22", "text": "million dollars per day"}, {"start": "00:04:19", "end": "00:04:25", "text": "just from staking the ether that they"}, {"start": "00:04:22", "end": "00:04:27", "text": "had back then."}, {"start": "00:04:25", "end": "00:04:29", "text": "It says, yeah Oh, yeah, there we go."}, {"start": "00:04:27", "end": "00:04:32", "text": "It's right there. It says, and I quote,"}, {"start": "00:04:29", "end": "00:04:35", "text": "\"Bitmain has staked more ETH"}, {"start": "00:04:32", "end": "00:04:37", "text": "than other entities in the world.\" Yeah,"}, {"start": "00:04:35", "end": "00:04:41", "text": "so I was right. The company's CEO, Tom"}, {"start": "00:04:37", "end": "00:04:43", "text": "Lee, said in the release, he continued"}, {"start": "00:04:41", "end": "00:04:46", "text": "that at scale the projected staking"}, {"start": "00:04:43", "end": "00:04:47", "text": "reward is $352"}, {"start": "00:04:46", "end": "00:04:49", "text": "million"}, {"start": "00:04:47", "end": "00:04:53", "text": "annually. So, I guess it"}, {"start": "00:04:49", "end": "00:04:56", "text": "Okay. Based on a 2.8%"}, {"start": "00:04:53", "end": "00:04:58", "text": "7-day BMNR"}, {"start": "00:04:56", "end": "00:04:59", "text": "yield,"}, {"start": "00:04:58", "end": "00:05:03", "text": "Lee tied the company's accumulation"}, {"start": "00:04:59", "end": "00:05:04", "text": "strategy to broader market drivers. He"}, {"start": "00:05:03", "end": "00:05:07", "text": "said the firm wants to highlight the"}, {"start": "00:05:04", "end": "00:05:08", "text": "role of owning ETH as a diversification"}, {"start": "00:05:07", "end": "00:05:10", "text": "tool"}, {"start": "00:05:08", "end": "00:05:14", "text": "alongside the factors he believes could"}, {"start": "00:05:10", "end": "00:05:16", "text": "push the next crypto bull phase."}, {"start": "00:05:14", "end": "00:05:18", "text": "The company also adjusted its near-term"}, {"start": "00:05:16", "end": "00:05:20", "text": "accumulation plan."}, {"start": "00:05:18", "end": "00:05:22", "text": "Lee said Bitmain has decided to slow the"}, {"start": "00:05:20", "end": "00:05:26", "text": "pace of weekly accumulation from a"}, {"start": "00:05:22", "end": "00:05:28", "text": "targeted rate of more than 100,000"}, {"start": "00:05:26", "end": "00:05:33", "text": "ether per week."}, {"start": "00:05:28", "end": "00:05:36", "text": "Cool. So, they're buying as much ether"}, {"start": "00:05:33", "end": "00:05:39", "text": "as they possibly can. I would logically"}, {"start": "00:05:36", "end": "00:05:42", "text": "assume, just hear me out here,"}, {"start": "00:05:39", "end": "00:05:45", "text": "any slowdown and accumulation is"}, {"start": "00:05:42", "end": "00:05:48", "text": "probably because they're very close to"}, {"start": "00:05:45", "end": "00:05:51", "text": "their 5% already. I think a month ago,"}, {"start": "00:05:48", "end": "00:05:53", "text": "weren't they at like 4.28%"}, {"start": "00:05:51", "end": "00:05:54", "text": "or something insane like that? So, five"}, {"start": "00:05:53", "end": "00:05:56", "text": "isn't that far away."}, {"start": "00:05:54", "end": "00:05:59", "text": "Especially as a company, if you can"}, {"start": "00:05:56", "end": "00:06:02", "text": "start showing that you have more uh"}, {"start": "00:05:59", "end": "00:06:04", "text": "essentially money coming in than"}, {"start": "00:06:02", "end": "00:06:06", "text": "actually going out. If you're spending a"}, {"start": "00:06:04", "end": "00:06:07", "text": "billion every single week,"}, {"start": "00:06:06", "end": "00:06:11", "text": "and you can say, \"Hey, now we're just"}, {"start": "00:06:07", "end": "00:06:13", "text": "spending 250 million a week, while we're"}, {"start": "00:06:11", "end": "00:06:15", "text": "also making money from the ether that"}, {"start": "00:06:13", "end": "00:06:19", "text": "we're staking.\""}, {"start": "00:06:15", "end": "00:06:21", "text": "You know, good times ahead. Uh Tom Lee"}, {"start": "00:06:19", "end": "00:06:23", "text": "constantly,"}, {"start": "00:06:21", "end": "00:06:25", "text": "if you haven't seen as well, he's one of"}, {"start": "00:06:23", "end": "00:06:27", "text": "the I I I would dare even say like"}, {"start": "00:06:25", "end": "00:06:30", "text": "first."}, {"start": "00:06:27", "end": "00:06:32", "text": "Around March, uh Bitmain and Tom Lee"}, {"start": "00:06:30", "end": "00:06:33", "text": "announced"}, {"start": "00:06:32", "end": "00:06:35", "text": "that they"}, {"start": "00:06:33", "end": "00:06:36", "text": "believe"}, {"start": "00:06:35", "end": "00:06:40", "text": "believed"}, {"start": "00:06:36", "end": "00:06:42", "text": "that the crypto winter was over."}, {"start": "00:06:40", "end": "00:06:44", "text": "That basically any downward momentum in"}, {"start": "00:06:42", "end": "00:06:46", "text": "price"}, {"start": "00:06:44", "end": "00:06:48", "text": "that we had seen from I want to say it"}, {"start": "00:06:46", "end": "00:06:50", "text": "was November. That basically that's"}, {"start": "00:06:48", "end": "00:06:52", "text": "completely gone, and then that's when"}, {"start": "00:06:50", "end": "00:06:56", "text": "the"}, {"start": "00:06:52", "end": "00:06:59", "text": "rather large price predictions began to"}, {"start": "00:06:56", "end": "00:07:02", "text": "uh pop up from Tom Lee."}, {"start": "00:06:59", "end": "00:07:05", "text": "Uh characterized by the $10,000,"}, {"start": "00:07:02", "end": "00:07:07", "text": "$15,000, and $20,000"}, {"start": "00:07:05", "end": "00:07:10", "text": "plus ether"}, {"start": "00:07:07", "end": "00:07:12", "text": "this year alone. So, it would appear"}, {"start": "00:07:10", "end": "00:07:15", "text": "that they're preparing for something. I"}, {"start": "00:07:12", "end": "00:07:17", "text": "said that before. If these companies"}, {"start": "00:07:15", "end": "00:07:20", "text": "were adamant about accumulating as much"}, {"start": "00:07:17", "end": "00:07:23", "text": "cryptocurrency as they wanted, and they"}, {"start": "00:07:20", "end": "00:07:26", "text": "felt that they had more time, they would"}, {"start": "00:07:23", "end": "00:07:29", "text": "simply do so until the year 2029."}, {"start": "00:07:26", "end": "00:07:30", "text": "However, this all feels rushed."}, {"start": "00:07:29", "end": "00:07:33", "text": "Everything feels like they're they're"}, {"start": "00:07:30", "end": "00:07:35", "text": "trying to do as much as humanly possible"}, {"start": "00:07:33", "end": "00:07:38", "text": "within a very short period of time. It"}, {"start": "00:07:35", "end": "00:07:39", "text": "could be some kind of"}, {"start": "00:07:38", "end": "00:07:42", "text": "fear"}, {"start": "00:07:39", "end": "00:07:45", "text": "that the companies have"}, {"start": "00:07:42", "end": "00:07:47", "text": "about what could potentially materialize"}, {"start": "00:07:45", "end": "00:07:50", "text": "if the Clarity Act gets passed. How many"}, {"start": "00:07:47", "end": "00:07:53", "text": "companies behind the scenes are also"}, {"start": "00:07:50", "end": "00:07:56", "text": "hankering for buying up some crypto. So,"}, {"start": "00:07:53", "end": "00:07:59", "text": "anyhoo, yeah, that's the Bitmain has"}, {"start": "00:07:56", "end": "00:08:02", "text": "more ether than they said like 4 days"}, {"start": "00:07:59", "end": "00:08:04", "text": "ago. Uh MicroStrategy recently did the"}, {"start": "00:08:02", "end": "00:08:06", "text": "exact same thing. They said they were"}, {"start": "00:08:04", "end": "00:08:08", "text": "going to sell and then they bought $50"}, {"start": "00:08:06", "end": "00:08:10", "text": "million worth of Bitcoin."}, {"start": "00:08:08", "end": "00:08:12", "text": "And then they purchased a couple billion"}, {"start": "00:08:10", "end": "00:08:14", "text": "dollars worth of Bitcoin."}, {"start": "00:08:12", "end": "00:08:17", "text": "And MicroStrategy is also very close to"}, {"start": "00:08:14", "end": "00:08:22", "text": "their goal of one"}, {"start": "00:08:17", "end": "00:08:24", "text": "million Bitcoin, which is um"}, {"start": "00:08:22", "end": "00:08:27", "text": "which is special."}, {"start": "00:08:24", "end": "00:08:29", "text": "Uh tying tying loosely into it, but it"}, {"start": "00:08:27", "end": "00:08:33", "text": "also has to do"}, {"start": "00:08:29", "end": "00:08:33", "text": "uh with the general ecosystem."}, {"start": "00:08:33", "end": "00:08:37", "text": "For those of you who are completely"}, {"start": "00:08:35", "end": "00:08:40", "text": "unaware, because I mean, it's not in the"}, {"start": "00:08:37", "end": "00:08:43", "text": "news as much anymore."}, {"start": "00:08:40", "end": "00:08:45", "text": "Years ago, whenever we had any"}, {"start": "00:08:43", "end": "00:08:48", "text": "company who was in the cryptocurrency"}, {"start": "00:08:45", "end": "00:08:51", "text": "space, it made headlines. But now it's"}, {"start": "00:08:48", "end": "00:08:53", "text": "it's rather normal that big money is"}, {"start": "00:08:51", "end": "00:08:57", "text": "definitely within"}, {"start": "00:08:53", "end": "00:08:59", "text": "uh the the the the cryptocurrency space."}, {"start": "00:08:57", "end": "00:09:00", "text": "So, around"}, {"start": "00:08:59", "end": "00:09:03", "text": "2014,"}, {"start": "00:09:00", "end": "00:09:06", "text": "2015, I want to say 2015, Ethereum"}, {"start": "00:09:03", "end": "00:09:08", "text": "launched. And they within the the"}, {"start": "00:09:06", "end": "00:09:11", "text": "background, for some reason, companies"}, {"start": "00:09:08", "end": "00:09:14", "text": "began to love them. Around 2018,"}, {"start": "00:09:11", "end": "00:09:16", "text": "something called the Enterprise Ethereum"}, {"start": "00:09:14", "end": "00:09:18", "text": "Alliance formed. You should know about"}, {"start": "00:09:16", "end": "00:09:21", "text": "it at this point. It's basically a"}, {"start": "00:09:18", "end": "00:09:22", "text": "consortium of hundreds of companies and"}, {"start": "00:09:21", "end": "00:09:25", "text": "banks"}, {"start": "00:09:22", "end": "00:09:29", "text": "who vowed back then"}, {"start": "00:09:25", "end": "00:09:32", "text": "uh to buy ether, to use Ethereum, and"}, {"start": "00:09:29", "end": "00:09:35", "text": "to, if you will, build on top of it and"}, {"start": "00:09:32", "end": "00:09:39", "text": "use it in some form or fashion."}, {"start": "00:09:35", "end": "00:09:41", "text": "So, JP Morgan uh stood out as one of the"}, {"start": "00:09:39", "end": "00:09:43", "text": "larger conglomerates back then. I mean,"}, {"start": "00:09:41", "end": "00:09:45", "text": "they still are. It was JP Morgan,"}, {"start": "00:09:43", "end": "00:09:47", "text": "Microsoft,"}, {"start": "00:09:45", "end": "00:09:50", "text": "uh I'm missing one other like major"}, {"start": "00:09:47", "end": "00:09:54", "text": "company who basically announced their"}, {"start": "00:09:50", "end": "00:09:56", "text": "devotion. It's a good word, uh to"}, {"start": "00:09:54", "end": "00:09:58", "text": "Ethereum. So,"}, {"start": "00:09:56", "end": "00:10:00", "text": "um JP Morgan has spoken out quite"}, {"start": "00:09:58", "end": "00:10:03", "text": "negatively about Bitcoin, and we can"}, {"start": "00:10:00", "end": "00:10:06", "text": "only assume now it's because that they"}, {"start": "00:10:03", "end": "00:10:08", "text": "really uh have their chips on um"}, {"start": "00:10:06", "end": "00:10:11", "text": "Ethereum. So, whoever wrote this"}, {"start": "00:10:08", "end": "00:10:13", "text": "article, it is written completely"}, {"start": "00:10:11", "end": "00:10:15", "text": "incorrectly. There's missing information"}, {"start": "00:10:13", "end": "00:10:17", "text": "all over the place, and then I had to"}, {"start": "00:10:15", "end": "00:10:17", "text": "find the actual thing."}, {"start": "00:10:17", "end": "00:10:19", "text": ">> [snorts]"}, {"start": "00:10:17", "end": "00:10:22", "text": ">> We'll go through it, and then you'll"}, {"start": "00:10:19", "end": "00:10:24", "text": "you'll piece all the puzzles together."}, {"start": "00:10:22", "end": "00:10:28", "text": "So, JP Morgan has launched a a brand new"}, {"start": "00:10:24", "end": "00:10:30", "text": "fund. This is their second fund, and"}, {"start": "00:10:28", "end": "00:10:33", "text": "what the article completely misses"}, {"start": "00:10:30", "end": "00:10:35", "text": "throughout the article is that it's on"}, {"start": "00:10:33", "end": "00:10:38", "text": "top of Ethereum."}, {"start": "00:10:35", "end": "00:10:41", "text": "The significance being is that we were"}, {"start": "00:10:38", "end": "00:10:44", "text": "told in January that this would be the"}, {"start": "00:10:41", "end": "00:10:47", "text": "year when the banks, the companies, the"}, {"start": "00:10:44", "end": "00:10:48", "text": "institutions would begin to tokenize and"}, {"start": "00:10:47", "end": "00:10:50", "text": "stablecoinize. You've heard it a"}, {"start": "00:10:48", "end": "00:10:52", "text": "thousand times."}, {"start": "00:10:50", "end": "00:10:54", "text": "But now we're actually beginning to see"}, {"start": "00:10:52", "end": "00:10:56", "text": "these things take shape."}, {"start": "00:10:54", "end": "00:10:59", "text": "In interesting news, this also was not"}, {"start": "00:10:56", "end": "00:11:01", "text": "very popular. This like this was news"}, {"start": "00:10:59", "end": "00:11:03", "text": "that I saw around, but no one talks"}, {"start": "00:11:01", "end": "00:11:06", "text": "about this actual news. The main news"}, {"start": "00:11:03", "end": "00:11:09", "text": "that people continuously talk about,"}, {"start": "00:11:06", "end": "00:11:11", "text": "if you will, has to do with price"}, {"start": "00:11:09", "end": "00:11:13", "text": "predictions or where prices currently"}, {"start": "00:11:11", "end": "00:11:16", "text": "are."}, {"start": "00:11:13", "end": "00:11:19", "text": "I find it a gigantic shame"}, {"start": "00:11:16", "end": "00:11:21", "text": "that people aren't more invested in like"}, {"start": "00:11:19", "end": "00:11:23", "text": "actual because it would it it it it"}, {"start": "00:11:21", "end": "00:11:25", "text": "would give you clearer understanding"}, {"start": "00:11:23", "end": "00:11:27", "text": "of actual investments that are"}, {"start": "00:11:25", "end": "00:11:29", "text": "happening. If you're in the market just"}, {"start": "00:11:27", "end": "00:11:30", "text": "cuz you want to hear price go up, then"}, {"start": "00:11:29", "end": "00:11:33", "text": "you're you're kind of missing the point"}, {"start": "00:11:30", "end": "00:11:36", "text": "of why the price went up."}, {"start": "00:11:33", "end": "00:11:38", "text": "If you if you only have context for,"}, {"start": "00:11:36", "end": "00:11:40", "text": "\"Hey, I lost money this morning, but you"}, {"start": "00:11:38", "end": "00:11:41", "text": "don't understand it's because of"}, {"start": "00:11:40", "end": "00:11:42", "text": "something that happened in the news and"}, {"start": "00:11:41", "end": "00:11:43", "text": "that the market's going to recover and"}, {"start": "00:11:42", "end": "00:11:46", "text": "that you're going to make your money"}, {"start": "00:11:43", "end": "00:11:47", "text": "back as an investor, then you leave the"}, {"start": "00:11:46", "end": "00:11:48", "text": "market."}, {"start": "00:11:47", "end": "00:11:50", "text": "And then you don't get the further"}, {"start": "00:11:48", "end": "00:11:52", "text": "future gains from everything that's"}, {"start": "00:11:50", "end": "00:11:54", "text": "actually You understand what I'm what"}, {"start": "00:11:52", "end": "00:11:56", "text": "I'm not even alluding to. I'm just"}, {"start": "00:11:54", "end": "00:11:59", "text": "saying like people just don't like"}, {"start": "00:11:56", "end": "00:12:03", "text": "actual news anymore. When we had news"}, {"start": "00:11:59", "end": "00:12:05", "text": "last year um from from the SEC filings"}, {"start": "00:12:03", "end": "00:12:09", "text": "that what was it? Like 16 banks around"}, {"start": "00:12:05", "end": "00:12:11", "text": "the world had been buying uh Bitcoin and"}, {"start": "00:12:09", "end": "00:12:13", "text": "Bitcoin ETF shares."}, {"start": "00:12:11", "end": "00:12:16", "text": "Those also barely made popular news"}, {"start": "00:12:13", "end": "00:12:19", "text": "because people didn't assume that a bank"}, {"start": "00:12:16", "end": "00:12:21", "text": "buying up Bitcoin was significant."}, {"start": "00:12:19", "end": "00:12:23", "text": "Everyone just wanted to see it produce"}, {"start": "00:12:21", "end": "00:12:26", "text": "some kind of new Anyway."}, {"start": "00:12:23", "end": "00:12:28", "text": "So, it says"}, {"start": "00:12:26", "end": "00:12:31", "text": "under the hood"}, {"start": "00:12:28", "end": "00:12:34", "text": "the fund invests entirely in short-term"}, {"start": "00:12:31", "end": "00:12:36", "text": "US Treasury securities"}, {"start": "00:12:34", "end": "00:12:38", "text": "and fully collateralized overnight"}, {"start": "00:12:36", "end": "00:12:40", "text": "repurchase agreements."}, {"start": "00:12:38", "end": "00:12:43", "text": "The same conservative assets that anchor"}, {"start": "00:12:40", "end": "00:12:45", "text": "conventional money market funds."}, {"start": "00:12:43", "end": "00:12:49", "text": "Critically"}, {"start": "00:12:45", "end": "00:12:49", "text": "the fund is called JLTXX"}, {"start": "00:12:50", "end": "00:12:54", "text": "has been designed to comply with rule"}, {"start": "00:12:52", "end": "00:12:57", "text": "2a-7"}, {"start": "00:12:54", "end": "00:12:59", "text": "of the Investment Company Act"}, {"start": "00:12:57", "end": "00:13:02", "text": "and is also structured to meet potential"}, {"start": "00:12:59", "end": "00:13:04", "text": "reserve requirements under the Genius"}, {"start": "00:13:02", "end": "00:13:06", "text": "Act."}, {"start": "00:13:04", "end": "00:13:08", "text": "Positioning the fund as a viable reserve"}, {"start": "00:13:06", "end": "00:13:11", "text": "asset for future compliance stable"}, {"start": "00:13:08", "end": "00:13:13", "text": "coins. So, JP Morgan is literally trying"}, {"start": "00:13:11", "end": "00:13:15", "text": "to get ahead of the game."}, {"start": "00:13:13", "end": "00:13:17", "text": "So,"}, {"start": "00:13:15", "end": "00:13:20", "text": "uh basically right now companies who are"}, {"start": "00:13:17", "end": "00:13:23", "text": "able to create stable coins within the"}, {"start": "00:13:20", "end": "00:13:26", "text": "United States legally"}, {"start": "00:13:23", "end": "00:13:30", "text": "uh have to in some sort of way find a"}, {"start": "00:13:26", "end": "00:13:31", "text": "way to hold up uh the US dollar, and"}, {"start": "00:13:30", "end": "00:13:33", "text": "it's usually done through Treasury"}, {"start": "00:13:31", "end": "00:13:36", "text": "bills. That's what uh Tether has been"}, {"start": "00:13:33", "end": "00:13:38", "text": "doing thus far. And there are a number"}, {"start": "00:13:36", "end": "00:13:41", "text": "of like requirements for what you can"}, {"start": "00:13:38", "end": "00:13:42", "text": "and cannot do. This is why, if you"}, {"start": "00:13:41", "end": "00:13:45", "text": "missed it,"}, {"start": "00:13:42", "end": "00:13:48", "text": "why the US is so uh friendly"}, {"start": "00:13:45", "end": "00:13:50", "text": "to the idea of stablecoins right now."}, {"start": "00:13:48", "end": "00:13:52", "text": "It's not that they're thrilled that"}, {"start": "00:13:50", "end": "00:13:55", "text": "companies are going to be making their"}, {"start": "00:13:52", "end": "00:13:57", "text": "own digital version of the US dollar"}, {"start": "00:13:55", "end": "00:13:59", "text": "without using the US dollar. It's that"}, {"start": "00:13:57", "end": "00:14:02", "text": "behind the scenes, they're purchasing"}, {"start": "00:13:59", "end": "00:14:04", "text": "securities that are going to literally"}, {"start": "00:14:02", "end": "00:14:05", "text": "prop up This is how you you you"}, {"start": "00:14:04", "end": "00:14:08", "text": "historically"}, {"start": "00:14:05", "end": "00:14:10", "text": "countries would buy these assets, these"}, {"start": "00:14:08", "end": "00:14:12", "text": "securities, to say, \"Hey,"}, {"start": "00:14:10", "end": "00:14:14", "text": "you buy some of ours, we buy some of"}, {"start": "00:14:12", "end": "00:14:16", "text": "yours.\""}, {"start": "00:14:14", "end": "00:14:18", "text": "But as people are de-dollarizing,"}, {"start": "00:14:16", "end": "00:14:21", "text": "countries are completely moving away"}, {"start": "00:14:18", "end": "00:14:23", "text": "from anything US right now, and this is"}, {"start": "00:14:21", "end": "00:14:26", "text": "going to be a continued trend. And as"}, {"start": "00:14:23", "end": "00:14:29", "text": "the US dollar is not faring well, same"}, {"start": "00:14:26", "end": "00:14:30", "text": "as other currencies, et cetera, et"}, {"start": "00:14:29", "end": "00:14:33", "text": "cetera."}, {"start": "00:14:30", "end": "00:14:34", "text": "Companies within the United States are"}, {"start": "00:14:33", "end": "00:14:36", "text": "announcing, \"Hey,"}, {"start": "00:14:34", "end": "00:14:39", "text": "we're going to buy up those things that"}, {"start": "00:14:36", "end": "00:14:41", "text": "they are selling. Allow us to make"}, {"start": "00:14:39", "end": "00:14:44", "text": "stablecoins.\" And then the US said,"}, {"start": "00:14:41", "end": "00:14:46", "text": "\"Okay, cool. You can definitely do it."}, {"start": "00:14:44", "end": "00:14:49", "text": "However, it has to be done in this way.\""}, {"start": "00:14:46", "end": "00:14:52", "text": "So, JP Morgan is basically creating a"}, {"start": "00:14:49", "end": "00:14:54", "text": "fund that can be purchased by companies"}, {"start": "00:14:52", "end": "00:14:56", "text": "who are looking to launch their own"}, {"start": "00:14:54", "end": "00:14:58", "text": "stablecoins."}, {"start": "00:14:56", "end": "00:14:59", "text": "You understand? So, instead of having to"}, {"start": "00:14:58", "end": "00:15:02", "text": "buy the Treasury bills one way, JP"}, {"start": "00:14:59", "end": "00:15:04", "text": "Morgan's like, \"Buy here instead. Give"}, {"start": "00:15:02", "end": "00:15:07", "text": "us the money.\""}, {"start": "00:15:04", "end": "00:15:10", "text": "The timing of JP Morgan's latest filing"}, {"start": "00:15:07", "end": "00:15:12", "text": "also aligns with regulatory momentum on"}, {"start": "00:15:10", "end": "00:15:15", "text": "Capitol Hill,"}, {"start": "00:15:12", "end": "00:15:17", "text": "with the Senate Banking Committee"}, {"start": "00:15:15", "end": "00:15:20", "text": "expected to hold a markup of the Clarity"}, {"start": "00:15:17", "end": "00:15:24", "text": "Act in a couple of days, with a floor"}, {"start": "00:15:20", "end": "00:15:26", "text": "vote targeted for June or July. We heard"}, {"start": "00:15:24", "end": "00:15:28", "text": "of the 4th of July, and then someone"}, {"start": "00:15:26", "end": "00:15:29", "text": "like 4 days ago was like"}, {"start": "00:15:28", "end": "00:15:31", "text": ">> [snorts]"}, {"start": "00:15:29", "end": "00:15:34", "text": ">> yeah, may maybe August is more"}, {"start": "00:15:31", "end": "00:15:35", "text": "believable. As long as they get it"}, {"start": "00:15:34", "end": "00:15:38", "text": "through."}, {"start": "00:15:35", "end": "00:15:41", "text": "As institutional tokenization and US"}, {"start": "00:15:38", "end": "00:15:43", "text": "crypto law inch towards alignment funds"}, {"start": "00:15:41", "end": "00:15:45", "text": "like JLTTXX"}, {"start": "00:15:43", "end": "00:15:47", "text": "are increasingly designed"}, {"start": "00:15:45", "end": "00:15:49", "text": "with regulatory compliance as a feature"}, {"start": "00:15:47", "end": "00:15:51", "text": "and not as an afterthought."}, {"start": "00:15:49", "end": "00:15:54", "text": "Still, the filing represents one of the"}, {"start": "00:15:51", "end": "00:15:56", "text": "clearest signals yet that JP Morgan sees"}, {"start": "00:15:54", "end": "00:15:59", "text": "tokenized real-world assets as a durable"}, {"start": "00:15:56", "end": "00:16:01", "text": "business line. They're doing it to make"}, {"start": "00:15:59", "end": "00:16:03", "text": "money. And this And this website in"}, {"start": "00:16:01", "end": "00:16:05", "text": "particular, I've noticed you guys really"}, {"start": "00:16:03", "end": "00:16:05", "text": "pat"}, {"start": "00:16:05", "end": "00:16:07", "text": "uh"}, {"start": "00:16:05", "end": "00:16:10", "text": "companies on the back who like created"}, {"start": "00:16:07", "end": "00:16:11", "text": "the 2008-2009 crisis. So, it's a little"}, {"start": "00:16:10", "end": "00:16:11", "text": "cringe sometimes."}, {"start": "00:16:11", "end": "00:16:13", "text": ">> [snorts]"}, {"start": "00:16:11", "end": "00:16:15", "text": ">> However,"}, {"start": "00:16:13", "end": "00:16:17", "text": "yeah, it's not that this is a a durable"}, {"start": "00:16:15", "end": "00:16:19", "text": "business thing. It's It's literally this"}, {"start": "00:16:17", "end": "00:16:21", "text": "is where everyone is moving to. This is"}, {"start": "00:16:19", "end": "00:16:23", "text": "where all the money is. This is how"}, {"start": "00:16:21", "end": "00:16:26", "text": "money is going to be moved around in the"}, {"start": "00:16:23", "end": "00:16:28", "text": "future. And they they're trying to make"}, {"start": "00:16:26", "end": "00:16:30", "text": "sure that they are ahead of the game"}, {"start": "00:16:28", "end": "00:16:32", "text": "before everyone else realizes that they"}, {"start": "00:16:30", "end": "00:16:32", "text": "don't have to use JP Morgan."}, {"start": "00:16:32", "end": "00:16:34", "text": ">> [snorts]"}, {"start": "00:16:32", "end": "00:16:36", "text": ">> It's similar to like uh Visa and"}, {"start": "00:16:34", "end": "00:16:37", "text": "MasterCard"}, {"start": "00:16:36", "end": "00:16:38", "text": "trying to be like, \"Hey, yeah, yeah,"}, {"start": "00:16:37", "end": "00:16:41", "text": "yeah, like you can use your Ethereum"}, {"start": "00:16:38", "end": "00:16:42", "text": "over here. It's It's totes awesome.\""}, {"start": "00:16:41", "end": "00:16:43", "text": "It's the same with what what what what"}, {"start": "00:16:42", "end": "00:16:44", "text": "is it called?"}, {"start": "00:16:43", "end": "00:16:46", "text": "Uh"}, {"start": "00:16:44", "end": "00:16:48", "text": "was it Western Union?"}, {"start": "00:16:46", "end": "00:16:50", "text": "I want to say Western Union, who was"}, {"start": "00:16:48", "end": "00:16:53", "text": "also recently in news announcing that"}, {"start": "00:16:50", "end": "00:16:55", "text": "like you can send money through their"}, {"start": "00:16:53", "end": "00:16:58", "text": "brand new app,"}, {"start": "00:16:55", "end": "00:17:00", "text": "which I believe is using Which crypto is"}, {"start": "00:16:58", "end": "00:17:02", "text": "it using? It's using some crypto behind"}, {"start": "00:17:00", "end": "00:17:03", "text": "the scenes for I think a Western Union"}, {"start": "00:17:02", "end": "00:17:05", "text": "stablecoin."}, {"start": "00:17:03", "end": "00:17:07", "text": "And it's like, \"Buddy boy, we've we've"}, {"start": "00:17:05", "end": "00:17:10", "text": "been sending money through other means"}, {"start": "00:17:07", "end": "00:17:11", "text": "and other apps for years now. I'm happy"}, {"start": "00:17:10", "end": "00:17:13", "text": "that you have"}, {"start": "00:17:11", "end": "00:17:15", "text": "an app now. I'm I'm glad you guys made"}, {"start": "00:17:13", "end": "00:17:18", "text": "it to 2026."}, {"start": "00:17:15", "end": "00:17:20", "text": "But there are other ways to send money"}, {"start": "00:17:18", "end": "00:17:23", "text": "like people Here he he here's a crazy"}, {"start": "00:17:20", "end": "00:17:26", "text": "one. Uh people can already send money by"}, {"start": "00:17:23", "end": "00:17:29", "text": "themselves uh through Ethereum and"}, {"start": "00:17:26", "end": "00:17:31", "text": "Bitcoin and XRP and and even Cardano"}, {"start": "00:17:29", "end": "00:17:33", "text": "without having to walk into a a Western"}, {"start": "00:17:31", "end": "00:17:34", "text": "Union."}, {"start": "00:17:33", "end": "00:17:37", "text": "So, yes."}, {"start": "00:17:34", "end": "00:17:40", "text": "Uh I found the actual thing cuz once"}, {"start": "00:17:37", "end": "00:17:41", "text": "again, no mention anywhere. None. No"}, {"start": "00:17:40", "end": "00:17:43", "text": "mention anywhere within the actual"}, {"start": "00:17:41", "end": "00:17:46", "text": "article uh that this was on top of"}, {"start": "00:17:43", "end": "00:17:48", "text": "Ethereum. And then I went to JP Morgan's"}, {"start": "00:17:46", "end": "00:17:50", "text": "website. Lo and behold, they have an"}, {"start": "00:17:48", "end": "00:17:52", "text": "article for it."}, {"start": "00:17:50", "end": "00:17:55", "text": "It says, \"JP Morgan Asset Management"}, {"start": "00:17:52", "end": "00:17:59", "text": "Launches Second Tokenized Money Market"}, {"start": "00:17:55", "end": "00:18:00", "text": "Fund on Ethereum.\""}, {"start": "00:17:59", "end": "00:18:02", "text": "Yeah, so uh"}, {"start": "00:18:00", "end": "00:18:04", "text": "all they had to do was have that"}, {"start": "00:18:02", "end": "00:18:06", "text": "information in the article and you know,"}, {"start": "00:18:04", "end": "00:18:09", "text": "wouldn't have to have searched around."}, {"start": "00:18:06", "end": "00:18:12", "text": "But yes, this is quite"}, {"start": "00:18:09", "end": "00:18:15", "text": "uh insane because as more of these"}, {"start": "00:18:12", "end": "00:18:17", "text": "things are beginning to"}, {"start": "00:18:15", "end": "00:18:20", "text": "basically"}, {"start": "00:18:17", "end": "00:18:22", "text": "become crypto native other companies and"}, {"start": "00:18:20", "end": "00:18:24", "text": "other banks are going to follow suit. It"}, {"start": "00:18:22", "end": "00:18:27", "text": "will become commonplace to launch these"}, {"start": "00:18:24", "end": "00:18:29", "text": "things on chain as opposed"}, {"start": "00:18:27", "end": "00:18:31", "text": "to trying to launch them on the New York"}, {"start": "00:18:29", "end": "00:18:33", "text": "Stock Exchange or somewhere else and"}, {"start": "00:18:31", "end": "00:18:35", "text": "having to ask for permission. You simply"}, {"start": "00:18:33", "end": "00:18:37", "text": "have now have to go through the SEC,"}, {"start": "00:18:35", "end": "00:18:42", "text": "they approve it, it gets launched on top"}, {"start": "00:18:37", "end": "00:18:45", "text": "of Ethereum. These things are supposed"}, {"start": "00:18:42", "end": "00:18:48", "text": "to and by all logic will"}, {"start": "00:18:45", "end": "00:18:50", "text": "propel Ethereum's price a lot higher."}, {"start": "00:18:48", "end": "00:18:52", "text": "These are causing extra transactions to"}, {"start": "00:18:50", "end": "00:18:54", "text": "happen on top of Ethereum. Instead of"}, {"start": "00:18:52", "end": "00:18:55", "text": "Imagine you have over the course of a"}, {"start": "00:18:54", "end": "00:18:58", "text": "day"}, {"start": "00:18:55", "end": "00:19:00", "text": "there are 50,000 transactions for this"}, {"start": "00:18:58", "end": "00:19:01", "text": "one fund. You know, people are buying"}, {"start": "00:19:00", "end": "00:19:03", "text": "and selling and buying and selling and"}, {"start": "00:19:01", "end": "00:19:06", "text": "buying all around the world."}, {"start": "00:19:03", "end": "00:19:07", "text": "Multiple times per day as opposed to you"}, {"start": "00:19:06", "end": "00:19:09", "text": "simply just seeing those transactions"}, {"start": "00:19:07", "end": "00:19:11", "text": "happening on the New York Stock"}, {"start": "00:19:09", "end": "00:19:13", "text": "Exchange's website"}, {"start": "00:19:11", "end": "00:19:16", "text": "you those now represent 50,000 extra"}, {"start": "00:19:13", "end": "00:19:17", "text": "transactions that are using ether in the"}, {"start": "00:19:16", "end": "00:19:19", "text": "background to pay for those"}, {"start": "00:19:17", "end": "00:19:22", "text": "transactions, which is causing more"}, {"start": "00:19:19", "end": "00:19:26", "text": "ether to get burned, more usage on the"}, {"start": "00:19:22", "end": "00:19:29", "text": "network, more real-world assets are now"}, {"start": "00:19:26", "end": "00:19:31", "text": "sitting on top of this chain as well."}, {"start": "00:19:29", "end": "00:19:35", "text": "So, there's a huge difference in saying,"}, {"start": "00:19:31", "end": "00:19:39", "text": "\"At the moment, there's $60"}, {"start": "00:19:35", "end": "00:19:42", "text": "sitting on top of Ethereum.\" In 2030,"}, {"start": "00:19:39", "end": "00:19:43", "text": "if you didn't see the last couple of"}, {"start": "00:19:42", "end": "00:19:45", "text": "videos,"}, {"start": "00:19:43", "end": "00:19:48", "text": "we are expecting"}, {"start": "00:19:45", "end": "00:19:53", "text": "that 60 billion currently on top of"}, {"start": "00:19:48", "end": "00:19:55", "text": "Ethereum to actually go to around $20"}, {"start": "00:19:53", "end": "00:19:58", "text": "That [snorts] is a real number that we"}, {"start": "00:19:55", "end": "00:20:02", "text": "have been quoted by multiple people."}, {"start": "00:19:58", "end": "00:20:05", "text": "They they they say anywhere between 28"}, {"start": "00:20:02", "end": "00:20:08", "text": "to 30 trillion dollars. This is what"}, {"start": "00:20:05", "end": "00:20:12", "text": "they're expecting to be on chain across"}, {"start": "00:20:08", "end": "00:20:14", "text": "multiple chains. As far as we've heard,"}, {"start": "00:20:12", "end": "00:20:17", "text": "Ethereum is meant to get the bulk of it,"}, {"start": "00:20:14", "end": "00:20:18", "text": "as you've been seeing in the news"}, {"start": "00:20:17", "end": "00:20:20", "text": "quite recently."}, {"start": "00:20:18", "end": "00:20:22", "text": "Yeah?"}, {"start": "00:20:20", "end": "00:20:24", "text": "So, this is"}, {"start": "00:20:22", "end": "00:20:27", "text": "This is what they said would happen."}, {"start": "00:20:24", "end": "00:20:30", "text": "Now, the other part is, if you will,"}, {"start": "00:20:27", "end": "00:20:31", "text": "getting more names."}, {"start": "00:20:30", "end": "00:20:33", "text": "Finding out what other companies are"}, {"start": "00:20:31", "end": "00:20:36", "text": "also doing this, how much money is"}, {"start": "00:20:33", "end": "00:20:39", "text": "moving around within these chains. The"}, {"start": "00:20:36", "end": "00:20:42", "text": "secondary part, third third-a-dary"}, {"start": "00:20:39", "end": "00:20:46", "text": "part [snorts] would actually be"}, {"start": "00:20:42", "end": "00:20:46", "text": "seeing the actual"}, {"start": "00:20:47", "end": "00:20:53", "text": "price predictions these people um"}, {"start": "00:20:51", "end": "00:20:55", "text": "predicted. I couldn't find another word."}, {"start": "00:20:53", "end": "00:20:57", "text": "From all of this happening. So, like we"}, {"start": "00:20:55", "end": "00:21:00", "text": "like we are essentially moving forward."}, {"start": "00:20:57", "end": "00:21:02", "text": "That's like the good part."}, {"start": "00:21:00", "end": "00:21:05", "text": "They said stuff was going to happen. And"}, {"start": "00:21:02", "end": "00:21:07", "text": "if that stuff happened, we'd see prices."}, {"start": "00:21:05", "end": "00:21:10", "text": "They said stuff would happen. That stuff"}, {"start": "00:21:07", "end": "00:21:12", "text": "is happening. Now, the next part is"}, {"start": "00:21:10", "end": "00:21:14", "text": "getting to a trillion dollars on top of"}, {"start": "00:21:12", "end": "00:21:16", "text": "Ethereum and then"}, {"start": "00:21:14", "end": "00:21:19", "text": "badabing badaboom."}, {"start": "00:21:16", "end": "00:21:22", "text": "That's the JP Morgan news."}, {"start": "00:21:19", "end": "00:21:25", "text": "And yeah."}, {"start": "00:21:22", "end": "00:21:25", "text": "Let's move on."}, {"start": "00:21:26", "end": "00:21:29", "text": "Yeah, that's why I assume"}, {"start": "00:21:28", "end": "00:21:32", "text": "that we're seeing a lot of these"}, {"start": "00:21:29", "end": "00:21:35", "text": "companies like jumping. Like they you"}, {"start": "00:21:32", "end": "00:21:36", "text": "know, they they are they seem like"}, {"start": "00:21:35", "end": "00:21:38", "text": "they're trying to do as much as"}, {"start": "00:21:36", "end": "00:21:41", "text": "possible. And I need to once again"}, {"start": "00:21:38", "end": "00:21:45", "text": "clarify just for complete logic. A lot"}, {"start": "00:21:41", "end": "00:21:48", "text": "of times we hear in the news"}, {"start": "00:21:45", "end": "00:21:52", "text": "you hear that Visa is is getting into"}, {"start": "00:21:48", "end": "00:21:54", "text": "you know, sending money on Ethereum."}, {"start": "00:21:52", "end": "00:21:56", "text": "Or JP Morgan just launched a new fund"}, {"start": "00:21:54", "end": "00:21:57", "text": "that's on top of Ethereum. You have to"}, {"start": "00:21:56", "end": "00:21:59", "text": "understand"}, {"start": "00:21:57", "end": "00:22:01", "text": "that they're not just being like, well,"}, {"start": "00:21:59", "end": "00:22:03", "text": "no, no, no. I want nothing more than a"}, {"start": "00:22:01", "end": "00:22:05", "text": "fund."}, {"start": "00:22:03", "end": "00:22:07", "text": "These companies are also accumulating"}, {"start": "00:22:05", "end": "00:22:10", "text": "huge gargantuan amounts of crypto as"}, {"start": "00:22:07", "end": "00:22:11", "text": "well. It's just that we don't know the"}, {"start": "00:22:10", "end": "00:22:13", "text": "number."}, {"start": "00:22:11", "end": "00:22:15", "text": "So, usually when we get some kind of"}, {"start": "00:22:13", "end": "00:22:18", "text": "crazy news like that, it signifies to me"}, {"start": "00:22:15", "end": "00:22:20", "text": "like why is"}, {"start": "00:22:18", "end": "00:22:21", "text": "why are these companies trying to buy so"}, {"start": "00:22:20", "end": "00:22:24", "text": "much crypto in a short period of time?"}, {"start": "00:22:21", "end": "00:22:27", "text": "Why do you want 5% of all ether?"}, {"start": "00:22:24", "end": "00:22:29", "text": "Usually in my mind that represents that"}, {"start": "00:22:27", "end": "00:22:30", "text": "someone in JP Morgan, someone at Goldman"}, {"start": "00:22:29", "end": "00:22:33", "text": "Sachs"}, {"start": "00:22:30", "end": "00:22:35", "text": "they're like, okay, let's let's get"}, {"start": "00:22:33", "end": "00:22:37", "text": "several million ether just so we have it"}, {"start": "00:22:35", "end": "00:22:41", "text": "in our coffers. They're also doing the"}, {"start": "00:22:37", "end": "00:22:43", "text": "exact uh same thing. Anyhow, uh yeah,"}, {"start": "00:22:41", "end": "00:22:45", "text": "ETFs are back in the news."}, {"start": "00:22:43", "end": "00:22:48", "text": "The SEC"}, {"start": "00:22:45", "end": "00:22:50", "text": "last year"}, {"start": "00:22:48", "end": "00:22:53", "text": "said"}, {"start": "00:22:50", "end": "00:22:55", "text": "that they were going to simplify"}, {"start": "00:22:53", "end": "00:22:57", "text": "uh ETF funds"}, {"start": "00:22:55", "end": "00:23:00", "text": "for the public uh or for companies. They"}, {"start": "00:22:57", "end": "00:23:04", "text": "they they were basically going to allow"}, {"start": "00:23:00", "end": "00:23:05", "text": "anyone to have their own cryptocurrency"}, {"start": "00:23:04", "end": "00:23:08", "text": "ETF"}, {"start": "00:23:05", "end": "00:23:11", "text": "as long as that coin had a derivative."}, {"start": "00:23:08", "end": "00:23:13", "text": "And we were pointed in the direction of"}, {"start": "00:23:11", "end": "00:23:16", "text": "if you have a coin"}, {"start": "00:23:13", "end": "00:23:18", "text": "and it has a futures on a regulated"}, {"start": "00:23:16", "end": "00:23:22", "text": "exchange such as Coinbase, they said"}, {"start": "00:23:18", "end": "00:23:24", "text": "Coinbase and therefore your ETF"}, {"start": "00:23:22", "end": "00:23:26", "text": "would get pushed through kind of"}, {"start": "00:23:24", "end": "00:23:29", "text": "instantaneously. We haven't had a lot of"}, {"start": "00:23:26", "end": "00:23:32", "text": "ETF news. I don't think that it's taken"}, {"start": "00:23:29", "end": "00:23:34", "text": "like a a back burner kind of thing. I"}, {"start": "00:23:32", "end": "00:23:36", "text": "think it's just more of we have a lot of"}, {"start": "00:23:34", "end": "00:23:39", "text": "other important news also going on as"}, {"start": "00:23:36", "end": "00:23:45", "text": "well. And I think the ETF train slowed"}, {"start": "00:23:39", "end": "00:23:46", "text": "down a bit as Do you remember last year,"}, {"start": "00:23:45", "end": "00:23:48", "text": "if you weren't here, I'm going to give"}, {"start": "00:23:46", "end": "00:23:51", "text": "you a little reminder."}, {"start": "00:23:48", "end": "00:23:53", "text": "Uh last year, I think we had like 70 or"}, {"start": "00:23:51", "end": "00:23:55", "text": "80"}, {"start": "00:23:53", "end": "00:23:58", "text": "ETF applications."}, {"start": "00:23:55", "end": "00:24:01", "text": "Everybody remember that? Well, if you"}, {"start": "00:23:58", "end": "00:24:05", "text": "don't, last year we had about 70 or 80"}, {"start": "00:24:01", "end": "00:24:09", "text": "ETF applications. And um I think like"}, {"start": "00:24:05", "end": "00:24:09", "text": "five of them went through."}, {"start": "00:24:10", "end": "00:24:14", "text": "Yeah, remember those? Yeah, we were they"}, {"start": "00:24:11", "end": "00:24:16", "text": "were in the news every single day. There"}, {"start": "00:24:14", "end": "00:24:18", "text": "was an analyst on Twitter as well who"}, {"start": "00:24:16", "end": "00:24:19", "text": "was like it's definitely going to"}, {"start": "00:24:18", "end": "00:24:21", "text": "happen."}, {"start": "00:24:19", "end": "00:24:24", "text": "I think the most that we got I think we"}, {"start": "00:24:21", "end": "00:24:28", "text": "got one or two new Bitcoin ETFs. I think"}, {"start": "00:24:24", "end": "00:24:31", "text": "one or two Ethereum ETFs. And I believe"}, {"start": "00:24:28", "end": "00:24:33", "text": "also one or two XRP ETFs. And I think"}, {"start": "00:24:31", "end": "00:24:35", "text": "there was something from like some fund"}, {"start": "00:24:33", "end": "00:24:38", "text": "from Grayscale that kind of packaged"}, {"start": "00:24:35", "end": "00:24:41", "text": "everything together, but that also made"}, {"start": "00:24:38", "end": "00:24:43", "text": "almost no waves in the news."}, {"start": "00:24:41", "end": "00:24:46", "text": "So, all the meme coins didn't get ETFs,"}, {"start": "00:24:43", "end": "00:24:51", "text": "all the other coins I weren't there like"}, {"start": "00:24:46", "end": "00:24:53", "text": "30 or 40 XRP ETFs also expected as well?"}, {"start": "00:24:51", "end": "00:24:55", "text": "I'm also still seeing a lot of people"}, {"start": "00:24:53", "end": "00:24:55", "text": "with like"}, {"start": "00:24:55", "end": "00:24:59", "text": ">> [sighs and gasps]"}, {"start": "00:24:55", "end": "00:25:01", "text": ">> my uncle's cat's family member knows"}, {"start": "00:24:59", "end": "00:25:04", "text": "somebody who works at BlackRock and"}, {"start": "00:25:01", "end": "00:25:07", "text": "they're going to announce an XRP ETF on"}, {"start": "00:25:04", "end": "00:25:09", "text": "Tuesday afternoon when the Jets finish"}, {"start": "00:25:07", "end": "00:25:10", "text": "the game. It's It's I I keep seeing"}, {"start": "00:25:09", "end": "00:25:12", "text": "people like, \"Yeah, no no no, like we're"}, {"start": "00:25:10", "end": "00:25:14", "text": "going to have news I"}, {"start": "00:25:12", "end": "00:25:17", "text": "It's so XRP will be fine if it doesn't"}, {"start": "00:25:14", "end": "00:25:19", "text": "have a BlackRock ETF."}, {"start": "00:25:17", "end": "00:25:22", "text": "I remember people being so desperate"}, {"start": "00:25:19", "end": "00:25:25", "text": "years ago for XRP to have anything and"}, {"start": "00:25:22", "end": "00:25:27", "text": "there is an XRP ETF."}, {"start": "00:25:25", "end": "00:25:29", "text": "So, I assumed people would be happy with"}, {"start": "00:25:27", "end": "00:25:32", "text": "what they got, but everybody wants a"}, {"start": "00:25:29", "end": "00:25:34", "text": "BlackRock something. And if you if you"}, {"start": "00:25:32", "end": "00:25:38", "text": "get"}, {"start": "00:25:34", "end": "00:25:41", "text": "a BlackRock XRP ETF"}, {"start": "00:25:38", "end": "00:25:43", "text": "and XRP's price doesn't go to $100, what"}, {"start": "00:25:41", "end": "00:25:45", "text": "are you What are you going to do then?"}, {"start": "00:25:43", "end": "00:25:48", "text": "That cuz everyone just wants something"}, {"start": "00:25:45", "end": "00:25:50", "text": "BlackRock to try and raise their prices."}, {"start": "00:25:48", "end": "00:25:52", "text": "So,"}, {"start": "00:25:50", "end": "00:25:56", "text": "in the news today"}, {"start": "00:25:52", "end": "00:25:58", "text": "asset managers Grayscale"}, {"start": "00:25:56", "end": "00:26:01", "text": "and VanEck"}, {"start": "00:25:58", "end": "00:26:04", "text": "have filed amended S-1"}, {"start": "00:26:01", "end": "00:26:06", "text": "registration statements"}, {"start": "00:26:04", "end": "00:26:08", "text": "for their respective Binance Coin"}, {"start": "00:26:06", "end": "00:26:09", "text": "exchange-traded"}, {"start": "00:26:08", "end": "00:26:13", "text": "funds."}, {"start": "00:26:09", "end": "00:26:16", "text": "Yeah, Binance Coin is very popular with"}, {"start": "00:26:13", "end": "00:26:18", "text": "institutions. Binance Coin is"}, {"start": "00:26:16", "end": "00:26:21", "text": "was is"}, {"start": "00:26:18", "end": "00:26:24", "text": "touted years ago as kind of like the"}, {"start": "00:26:21", "end": "00:26:25", "text": "Amazon of the cryptocurrency space. This"}, {"start": "00:26:24", "end": "00:26:27", "text": "company that kind of came out of"}, {"start": "00:26:25", "end": "00:26:29", "text": "nowhere. People assumed that they were"}, {"start": "00:26:27", "end": "00:26:32", "text": "just a copy of Coinbase and then they"}, {"start": "00:26:29", "end": "00:26:34", "text": "became the largest crypto exchange by"}, {"start": "00:26:32", "end": "00:26:36", "text": "volume. That's kind of what Amazon did."}, {"start": "00:26:34", "end": "00:26:38", "text": "Amazon sold books and then out of out of"}, {"start": "00:26:36", "end": "00:26:39", "text": "nowhere Amazon's the largest company on"}, {"start": "00:26:38", "end": "00:26:43", "text": "the planet. Like that that kind of"}, {"start": "00:26:39", "end": "00:26:46", "text": "thing. So, Binance Coin has a dramatic"}, {"start": "00:26:43", "end": "00:26:49", "text": "coin burn. It is used within the Binance"}, {"start": "00:26:46", "end": "00:26:51", "text": "Coin ecosystem. Binance continues to be"}, {"start": "00:26:49", "end": "00:26:54", "text": "the top crypto exchange and has been"}, {"start": "00:26:51", "end": "00:26:57", "text": "since 2018, I believe it is. So,"}, {"start": "00:26:54", "end": "00:26:59", "text": "uh uh Binance Coin is not popular with"}, {"start": "00:26:57", "end": "00:27:01", "text": "retail investors,"}, {"start": "00:26:59", "end": "00:27:04", "text": "but with companies and institutions,"}, {"start": "00:27:01", "end": "00:27:06", "text": "they they think it's the the like the"}, {"start": "00:27:04", "end": "00:27:07", "text": "top of the charts, if you were into"}, {"start": "00:27:06", "end": "00:27:09", "text": "wear."}, {"start": "00:27:07", "end": "00:27:11", "text": "Uh bringing the cryptocurrency one step"}, {"start": "00:27:09", "end": "00:27:16", "text": "closer"}, {"start": "00:27:11", "end": "00:27:19", "text": "to becoming an approved US crypto ETF."}, {"start": "00:27:16", "end": "00:27:20", "text": "Grayscale filed its second amendment,"}, {"start": "00:27:19", "end": "00:27:22", "text": "while VanEck submitted its fifth on"}, {"start": "00:27:20", "end": "00:27:24", "text": "Friday."}, {"start": "00:27:22", "end": "00:27:27", "text": "S-1s are one of the main filings that"}, {"start": "00:27:24", "end": "00:27:29", "text": "ETF issuers must submit"}, {"start": "00:27:27", "end": "00:27:31", "text": "to the SEC for approval,"}, {"start": "00:27:29", "end": "00:27:32", "text": "detailing everything from the ETF"}, {"start": "00:27:31", "end": "00:27:36", "text": "structure"}, {"start": "00:27:32", "end": "00:27:38", "text": "and strategy to management fees and"}, {"start": "00:27:36", "end": "00:27:41", "text": "risks, they said."}, {"start": "00:27:38", "end": "00:27:43", "text": "Another amended S-1 from Grayscale on"}, {"start": "00:27:41", "end": "00:27:45", "text": "the Binance Coin ETF."}, {"start": "00:27:43", "end": "00:27:47", "text": "Have to guess they are going off"}, {"start": "00:27:45", "end": "00:27:49", "text": "feedback from SEC and trying to launch"}, {"start": "00:27:47", "end": "00:27:51", "text": "in near future."}, {"start": "00:27:49", "end": "00:27:54", "text": "Could be the next crypto asset to get a"}, {"start": "00:27:51", "end": "00:27:56", "text": "spot ETF in the United States."}, {"start": "00:27:54", "end": "00:27:59", "text": "This was said by Bloomberg ETF analyst,"}, {"start": "00:27:56", "end": "00:28:01", "text": "his name is James Seyffart."}, {"start": "00:27:59", "end": "00:28:03", "text": "Despite Binance Coin being the fourth"}, {"start": "00:28:01", "end": "00:28:05", "text": "largest crypto,"}, {"start": "00:28:03", "end": "00:28:08", "text": "it has yet to be included in the growing"}, {"start": "00:28:05", "end": "00:28:10", "text": "list of US spot altcoin ETFs,"}, {"start": "00:28:08", "end": "00:28:12", "text": "including those tracking I I think this"}, {"start": "00:28:10", "end": "00:28:16", "text": "I think this is the Grayscale one,"}, {"start": "00:28:12", "end": "00:28:17", "text": "tracking Solana, Litecoin, XRP, and"}, {"start": "00:28:16", "end": "00:28:21", "text": "hyper liquid."}, {"start": "00:28:17", "end": "00:28:25", "text": "And then here's the tweet from"}, {"start": "00:28:21", "end": "00:28:28", "text": "James right there. Yeah, it it would"}, {"start": "00:28:25", "end": "00:28:30", "text": "appear that I mean crypto is"}, {"start": "00:28:28", "end": "00:28:35", "text": "like many other markets, but crypto's"}, {"start": "00:28:30", "end": "00:28:39", "text": "very thematic and it's and it's kind of"}, {"start": "00:28:35", "end": "00:28:41", "text": "uh where it's going energy. So, we"}, {"start": "00:28:39", "end": "00:28:43", "text": "always hear just about yearly that"}, {"start": "00:28:41", "end": "00:28:46", "text": "something is going to move the"}, {"start": "00:28:43", "end": "00:28:48", "text": "cryptocurrency market. This is going to"}, {"start": "00:28:46", "end": "00:28:50", "text": "cause prices to go higher. This is going"}, {"start": "00:28:48", "end": "00:28:52", "text": "to make this coin do this. This is how"}, {"start": "00:28:50", "end": "00:28:55", "text": "we get into a bull run. It's yearly."}, {"start": "00:28:52", "end": "00:28:58", "text": "There's always a new wave"}, {"start": "00:28:55", "end": "00:28:59", "text": "that moves in our direction"}, {"start": "00:28:58", "end": "00:29:01", "text": "to let us know where the market's going"}, {"start": "00:28:59", "end": "00:29:04", "text": "to go."}, {"start": "00:29:01", "end": "00:29:06", "text": "Uh and ETFs this year haven't been it."}, {"start": "00:29:04", "end": "00:29:10", "text": "If we do"}, {"start": "00:29:06", "end": "00:29:13", "text": "get a Binance Coin, Solana, XRP singular"}, {"start": "00:29:10", "end": "00:29:16", "text": "ETF in general"}, {"start": "00:29:13", "end": "00:29:18", "text": "and that in turn causes the price to"}, {"start": "00:29:16", "end": "00:29:21", "text": "move, I think that at that point that"}, {"start": "00:29:18", "end": "00:29:23", "text": "would then cause like the narrative to"}, {"start": "00:29:21", "end": "00:29:26", "text": "kind of reappear. But at the moment,"}, {"start": "00:29:23", "end": "00:29:28", "text": "it's mainly interest rates. It's the"}, {"start": "00:29:26", "end": "00:29:32", "text": "conflicts around the world and it's the"}, {"start": "00:29:28", "end": "00:29:35", "text": "Clarity Act that are kind of uh moving"}, {"start": "00:29:32", "end": "00:29:37", "text": "and grooving for the cryptocurrency"}, {"start": "00:29:35", "end": "00:29:40", "text": "space. So, we'll see what happens. Once"}, {"start": "00:29:37", "end": "00:29:44", "text": "again, we we were supposed"}, {"start": "00:29:40", "end": "00:29:47", "text": "to have had like 80 ETFs last year. That"}, {"start": "00:29:44", "end": "00:29:48", "text": "was big news. The The SEC said that they"}, {"start": "00:29:47", "end": "00:29:51", "text": "were going to make it easier for"}, {"start": "00:29:48", "end": "00:29:53", "text": "everyone to be able to launch their own"}, {"start": "00:29:51", "end": "00:29:55", "text": "ETF. I assume that was completely"}, {"start": "00:29:53", "end": "00:29:58", "text": "scrapped cuz we haven't heard"}, {"start": "00:29:55", "end": "00:30:00", "text": "jack diddly squat about that."}, {"start": "00:29:58", "end": "00:30:01", "text": "Same exact thing"}, {"start": "00:30:00", "end": "00:30:04", "text": "uh with like which cryptocurrencies in"}, {"start": "00:30:01", "end": "00:30:07", "text": "the US are tax-free."}, {"start": "00:30:04", "end": "00:30:08", "text": "Yeah, a lot of news has just kind of"}, {"start": "00:30:07", "end": "00:30:10", "text": "disappeared."}, {"start": "00:30:08", "end": "00:30:13", "text": "And now everyone's leaning on the the"}, {"start": "00:30:10", "end": "00:30:16", "text": "Clarity Act and interest rates."}, {"start": "00:30:13", "end": "00:30:19", "text": "Well,"}, {"start": "00:30:16", "end": "00:30:21", "text": "I think that's going to do it for this"}, {"start": "00:30:19", "end": "00:30:24", "text": "video."}, {"start": "00:30:21", "end": "00:30:25", "text": "I hope you all have a great day."}, {"start": "00:30:24", "end": "00:30:27", "text": "What's the weather like everywhere? Is"}, {"start": "00:30:25", "end": "00:30:29", "text": "it Is it more"}, {"start": "00:30:27", "end": "00:30:31", "text": "summery? Is everything super hot and"}, {"start": "00:30:29", "end": "00:30:33", "text": "burning outside now? I"}, {"start": "00:30:31", "end": "00:30:34", "text": "I don't want to say I can't stand the"}, {"start": "00:30:33", "end": "00:30:37", "text": "heat."}, {"start": "00:30:34", "end": "00:30:40", "text": "It's just not my favorite. I'm going to"}, {"start": "00:30:37", "end": "00:30:43", "text": "try and make an effort to"}, {"start": "00:30:40", "end": "00:30:46", "text": "do more in the sun this summer. It's"}, {"start": "00:30:43", "end": "00:30:47", "text": "very uncomfortable. I hate hot weather."}, {"start": "00:30:46", "end": "00:30:50", "text": "Anything"}, {"start": "00:30:47", "end": "00:30:54", "text": "and I'll give you both temperatures."}, {"start": "00:30:50", "end": "00:30:54", "text": "Anything above like 28�"}, {"start": "00:30:55", "end": "00:31:01", "text": "is awful. That's Celsius and that would"}, {"start": "00:30:58", "end": "00:31:02", "text": "be I think it's like 80 81 82�"}, {"start": "00:31:01", "end": "00:31:04", "text": "Fahrenheit."}, {"start": "00:31:02", "end": "00:31:06", "text": "It's just terrible. I can't stand it. I"}, {"start": "00:31:04", "end": "00:31:10", "text": "don't like the heat. I prefer cooler"}, {"start": "00:31:06", "end": "00:31:13", "text": "weather. I prefer like a nice like"}, {"start": "00:31:10", "end": "00:31:15", "text": "10 11 12� C. I'm not even joking. Like a"}, {"start": "00:31:13", "end": "00:31:17", "text": "good like 60� F."}, {"start": "00:31:15", "end": "00:31:20", "text": "Nice nice nice little you know those"}, {"start": "00:31:17", "end": "00:31:22", "text": "cool breeze autumn. You can walk around"}, {"start": "00:31:20", "end": "00:31:24", "text": "in a light jacket. That that kind of"}, {"start": "00:31:22", "end": "00:31:26", "text": "thing."}, {"start": "00:31:24", "end": "00:31:27", "text": "I'm not too"}, {"start": "00:31:26", "end": "00:31:30", "text": "uh [sighs]"}, {"start": "00:31:27", "end": "00:31:35", "text": "not too excited about the upcoming"}, {"start": "00:31:30", "end": "00:31:38", "text": "uh 30 35 38� days. That's um"}, {"start": "00:31:35", "end": "00:31:40", "text": "Yeah. Anyway,"}, {"start": "00:31:38", "end": "00:31:40", "text": "uh I do hope that you've all enjoyed"}, {"start": "00:31:40", "end": "00:31:42", "text": ">> [laughter]"}, {"start": "00:31:40", "end": "00:31:45", "text": ">> I do hope that you all are having a"}, {"start": "00:31:42", "end": "00:31:47", "text": "great day a great morning a great"}, {"start": "00:31:45", "end": "00:31:49", "text": "afternoon a great evening wherever you"}, {"start": "00:31:47", "end": "00:31:52", "text": "are wherever you might be on this"}, {"start": "00:31:49", "end": "00:31:54", "text": "very weird planet. I do hope it's"}, {"start": "00:31:52", "end": "00:31:56", "text": "absolutely fantastic."}, {"start": "00:31:54", "end": "00:32:00", "text": "Thank you all once again"}, {"start": "00:31:56", "end": "00:32:02", "text": "for watching for listening for"}, {"start": "00:32:00", "end": "00:32:04", "text": "subscribing and listening to me talk"}, {"start": "00:32:02", "end": "00:32:06", "text": "about the weather and I will most"}, {"start": "00:32:04", "end": "00:32:09", "text": "certainly be talking"}, {"start": "00:32:06", "end": "00:32:12", "text": "to you all soon."}, {"start": "00:32:09", "end": "00:32:12", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "Hello"}, {"start": "00:00:02", "end": "00:00:08", "text": "everybody."}, {"start": "00:00:04", "end": "00:00:10", "text": "Welcome back for another"}, {"start": "00:00:08", "end": "00:00:13", "text": "video."}, {"start": "00:00:10", "end": "00:00:15", "text": "Hope you're all doing well. Hope that"}, {"start": "00:00:13", "end": "00:00:17", "text": "everyone out there is doing absolutely"}, {"start": "00:00:15", "end": "00:00:20", "text": "fantastic."}, {"start": "00:00:17", "end": "00:00:22", "text": "And that you're all having a great day."}, {"start": "00:00:20", "end": "00:00:23", "text": "Uh hope you're all remembering to"}, {"start": "00:00:22", "end": "00:00:26", "text": "invest."}, {"start": "00:00:23", "end": "00:00:27", "text": "I will I will continue to say it until"}, {"start": "00:00:26", "end": "00:00:30", "text": "everyone out there has completely"}, {"start": "00:00:27", "end": "00:00:33", "text": "understood exactly what's going on in"}, {"start": "00:00:30", "end": "00:00:36", "text": "the world and with the economy and how"}, {"start": "00:00:33", "end": "00:00:38", "text": "you need assets. You need to have them"}, {"start": "00:00:36", "end": "00:00:40", "text": "more than ever."}, {"start": "00:00:38", "end": "00:00:43", "text": "Because the crunch is going to get"}, {"start": "00:00:40", "end": "00:00:45", "text": "crunchier, I assure you."}, {"start": "00:00:43", "end": "00:00:51", "text": "A very big thank you to my Patreon"}, {"start": "00:00:45", "end": "00:00:54", "text": "supporters, Trent Jackson, Gilboa Snake,"}, {"start": "00:00:51", "end": "00:00:56", "text": "and Finley Bass. Very big thank you for"}, {"start": "00:00:54", "end": "00:00:57", "text": "all of your"}, {"start": "00:00:56", "end": "00:00:59", "text": "support."}, {"start": "00:00:57", "end": "00:01:02", "text": "Don't forget to leave a like on the"}, {"start": "00:00:59", "end": "00:01:05", "text": "video. It helps out the channel a lot."}, {"start": "00:01:02", "end": "00:01:08", "text": "Without any further ado,"}, {"start": "00:01:05", "end": "00:01:11", "text": "let's jump right"}, {"start": "00:01:08", "end": "00:01:13", "text": "into it. Yeah, only a"}, {"start": "00:01:11", "end": "00:01:15", "text": "uh"}, {"start": "00:01:13", "end": "00:01:19", "text": "only a few weeks away as we've been"}, {"start": "00:01:15", "end": "00:01:20", "text": "talking about uh from seeing the uh"}, {"start": "00:01:19", "end": "00:01:23", "text": "fireworks."}, {"start": "00:01:20", "end": "00:01:26", "text": "Fireworks is a lovely word"}, {"start": "00:01:23", "end": "00:01:29", "text": "uh begin to take off."}, {"start": "00:01:26", "end": "00:01:32", "text": "As uh no one"}, {"start": "00:01:29", "end": "00:01:34", "text": "ap- apparently knows. No one knows what"}, {"start": "00:01:32", "end": "00:01:38", "text": "the Fed is going to do"}, {"start": "00:01:34", "end": "00:01:41", "text": "uh while at the same time uh investors"}, {"start": "00:01:38", "end": "00:01:44", "text": "are kind of all hoping for the exact"}, {"start": "00:01:41", "end": "00:01:48", "text": "same thing. We're seeing that little uh"}, {"start": "00:01:44", "end": "00:01:51", "text": "bounce back again in news of companies"}, {"start": "00:01:48", "end": "00:01:54", "text": "who are uh once again beginning to buy"}, {"start": "00:01:51", "end": "00:01:56", "text": "up large amounts of Bitcoin. We had like"}, {"start": "00:01:54", "end": "00:01:58", "text": "a bit of a break I'm on like a"}, {"start": "00:01:56", "end": "00:02:00", "text": "month-long break"}, {"start": "00:01:58", "end": "00:02:03", "text": "not too long ago."}, {"start": "00:02:00", "end": "00:02:06", "text": "This is why I've been saying it feels"}, {"start": "00:02:03", "end": "00:02:09", "text": "or seems like a lot of this is"}, {"start": "00:02:06", "end": "00:02:12", "text": "coordinated as as we're now getting"}, {"start": "00:02:09", "end": "00:02:14", "text": "uncertain news as to what the Fed is"}, {"start": "00:02:12", "end": "00:02:15", "text": "going to do,"}, {"start": "00:02:14", "end": "00:02:18", "text": "what's going to happen with all these"}, {"start": "00:02:15", "end": "00:02:20", "text": "new bills and laws and rules"}, {"start": "00:02:18", "end": "00:02:24", "text": "and regulations, while at the same time"}, {"start": "00:02:20", "end": "00:02:27", "text": "investors uh seem completely adamant"}, {"start": "00:02:24", "end": "00:02:28", "text": "that great things are going to happen to"}, {"start": "00:02:27", "end": "00:02:30", "text": "prices. What was the one that we just"}, {"start": "00:02:28", "end": "00:02:32", "text": "had a day or two ago?"}, {"start": "00:02:30", "end": "00:02:35", "text": "There was another like massive price"}, {"start": "00:02:32", "end": "00:02:38", "text": "prediction from some What was it? Oh"}, {"start": "00:02:35", "end": "00:02:39", "text": "gosh, I don't remember. Anyway,"}, {"start": "00:02:38", "end": "00:02:41", "text": "their charts"}, {"start": "00:02:39", "end": "00:02:46", "text": "showed said"}, {"start": "00:02:41", "end": "00:02:50", "text": "that the most bullish uh option was by"}, {"start": "00:02:46", "end": "00:02:52", "text": "December Bitcoin being at 255,000."}, {"start": "00:02:50", "end": "00:02:57", "text": "And I was like, \"Yep, that's exactly"}, {"start": "00:02:52", "end": "00:02:57", "text": "what everyone else has been saying.\" So,"}, {"start": "00:02:57", "end": "00:03:02", "text": "in very popular news,"}, {"start": "00:02:59", "end": "00:03:04", "text": "there's a company called Strive, and"}, {"start": "00:03:02", "end": "00:03:05", "text": "I've and I found out multiple times"}, {"start": "00:03:04", "end": "00:03:08", "text": "their their their their complete name is"}, {"start": "00:03:05", "end": "00:03:10", "text": "Strive Asset Management, cuz I was"}, {"start": "00:03:08", "end": "00:03:12", "text": "looking I saw the news and I was looking"}, {"start": "00:03:10", "end": "00:03:15", "text": "around like not to see if it was true,"}, {"start": "00:03:12", "end": "00:03:17", "text": "but I just don't usually trust"}, {"start": "00:03:15", "end": "00:03:19", "text": "one source, so I try to always look"}, {"start": "00:03:17", "end": "00:03:21", "text": "around, and they are called Strive Asset"}, {"start": "00:03:19", "end": "00:03:23", "text": "Management. Yes, I get it, you cannot"}, {"start": "00:03:21", "end": "00:03:24", "text": "find the news with just Strive, because"}, {"start": "00:03:23", "end": "00:03:27", "text": "apparently"}, {"start": "00:03:24", "end": "00:03:28", "text": "it is it is not a thing."}, {"start": "00:03:27", "end": "00:03:29", "text": "Um"}, {"start": "00:03:28", "end": "00:03:31", "text": "so,"}, {"start": "00:03:29", "end": "00:03:33", "text": "unbeknownst"}, {"start": "00:03:31", "end": "00:03:34", "text": "to me,"}, {"start": "00:03:33", "end": "00:03:39", "text": "this company has been buying large"}, {"start": "00:03:34", "end": "00:03:42", "text": "amounts of Bitcoin uh for some time now."}, {"start": "00:03:39", "end": "00:03:45", "text": "I I do not remember ever"}, {"start": "00:03:42", "end": "00:03:46", "text": "saying the name Strive over the last 2"}, {"start": "00:03:45", "end": "00:03:49", "text": "years"}, {"start": "00:03:46", "end": "00:03:50", "text": "uh has been buying Bitcoin. That's just"}, {"start": "00:03:49", "end": "00:03:52", "text": "not something"}, {"start": "00:03:50", "end": "00:03:55", "text": "that I remember doing. However, they"}, {"start": "00:03:52", "end": "00:03:59", "text": "just bought more Bitcoin."}, {"start": "00:03:55", "end": "00:04:00", "text": "It says Strive bought 382"}, {"start": "00:03:59", "end": "00:04:04", "text": "Bitcoin"}, {"start": "00:04:00", "end": "00:04:07", "text": "for about 30.3 million US dollars"}, {"start": "00:04:04", "end": "00:04:10", "text": "between the 13th of May and the 18th of"}, {"start": "00:04:07", "end": "00:04:12", "text": "May. What usually happens is is as far"}, {"start": "00:04:10", "end": "00:04:15", "text": "as we understand, these companies, they"}, {"start": "00:04:12", "end": "00:04:17", "text": "try to buy huge amounts of Bitcoin or"}, {"start": "00:04:15", "end": "00:04:19", "text": "they buy Bitcoin in general, and then"}, {"start": "00:04:17", "end": "00:04:20", "text": "they release the news later to the"}, {"start": "00:04:19", "end": "00:04:22", "text": "public."}, {"start": "00:04:20", "end": "00:04:25", "text": "I think"}, {"start": "00:04:22", "end": "00:04:28", "text": "it's meant to be some kind of a like"}, {"start": "00:04:25", "end": "00:04:30", "text": "look, we didn't rock the boat kind of"}, {"start": "00:04:28", "end": "00:04:32", "text": "situation cuz MicroStrategy does the"}, {"start": "00:04:30", "end": "00:04:35", "text": "exact same thing. They'll buy"}, {"start": "00:04:32", "end": "00:04:37", "text": "9 quadrillion dollars worth of Bitcoin,"}, {"start": "00:04:35", "end": "00:04:39", "text": "and then like the following week,"}, {"start": "00:04:37", "end": "00:04:41", "text": "they'll announce that they did it, and I"}, {"start": "00:04:39", "end": "00:04:42", "text": "think it's meant to be like, look, we're"}, {"start": "00:04:41", "end": "00:04:45", "text": "able to buy this amount of Bitcoin"}, {"start": "00:04:42", "end": "00:04:48", "text": "without moving the market up or down, or"}, {"start": "00:04:45", "end": "00:04:51", "text": "that's what I understand. The purchase"}, {"start": "00:04:48", "end": "00:04:54", "text": "raised Strive's total Bitcoin holdings"}, {"start": "00:04:51", "end": "00:04:54", "text": "to 15,391"}, {"start": "00:04:55", "end": "00:04:57", "text": "Bitcoin."}, {"start": "00:04:56", "end": "00:05:00", "text": "I'd"}, {"start": "00:04:57", "end": "00:05:01", "text": "I've I've I feel like in the last 2"}, {"start": "00:05:00", "end": "00:05:04", "text": "years,"}, {"start": "00:05:01", "end": "00:05:07", "text": "we would have gotten some other kind of"}, {"start": "00:05:04", "end": "00:05:11", "text": "news about a company called Strive Asset"}, {"start": "00:05:07", "end": "00:05:12", "text": "Management purchasing 15,300"}, {"start": "00:05:11", "end": "00:05:14", "text": "and uh"}, {"start": "00:05:12", "end": "00:05:16", "text": "I don't remember this company at all."}, {"start": "00:05:14", "end": "00:05:18", "text": "We've only gotten"}, {"start": "00:05:16", "end": "00:05:20", "text": "uh MicroStrategy, and recently we had"}, {"start": "00:05:18", "end": "00:05:22", "text": "another Metaplanet popped back up in the"}, {"start": "00:05:20", "end": "00:05:24", "text": "news. That's why I was like, okay, it"}, {"start": "00:05:22", "end": "00:05:26", "text": "feels like something's going on."}, {"start": "00:05:24", "end": "00:05:29", "text": "And there was another company as well,"}, {"start": "00:05:26", "end": "00:05:32", "text": "but no Strive. Strive said"}, {"start": "00:05:29", "end": "00:05:35", "text": "it held 87 million dollars in cash"}, {"start": "00:05:32", "end": "00:05:38", "text": "and 49 million dollars in uh"}, {"start": "00:05:35", "end": "00:05:42", "text": "MicroStrategy preferred stock."}, {"start": "00:05:38", "end": "00:05:44", "text": "MicroStrategy with their 11% uh dividend"}, {"start": "00:05:42", "end": "00:05:47", "text": "monthly."}, {"start": "00:05:44", "end": "00:05:49", "text": "11% monthly dividend."}, {"start": "00:05:47", "end": "00:05:52", "text": "The latest filing places Strive as the"}, {"start": "00:05:49", "end": "00:05:53", "text": "ninth largest public corporate Bitcoin"}, {"start": "00:05:52", "end": "00:05:55", "text": "holder."}, {"start": "00:05:53", "end": "00:05:57", "text": "At current market levels cited in the"}, {"start": "00:05:55", "end": "00:06:01", "text": "company update, Strive's Bitcoin"}, {"start": "00:05:57", "end": "00:06:03", "text": "position is valued at around 1.2 billion"}, {"start": "00:06:01", "end": "00:06:04", "text": "US dollars."}, {"start": "00:06:03", "end": "00:06:06", "text": "The purchase adds to a series of"}, {"start": "00:06:04", "end": "00:06:08", "text": "treasury moves that have increased the"}, {"start": "00:06:06", "end": "00:06:12", "text": "company's exposure to Bitcoin through"}, {"start": "00:06:08", "end": "00:06:12", "text": "repeated acquisitions this year."}, {"start": "00:06:12", "end": "00:06:17", "text": "I don't I don't remember any of that."}, {"start": "00:06:15", "end": "00:06:20", "text": "The latest filing places Strive among"}, {"start": "00:06:17", "end": "00:06:22", "text": "the largest publicly disclosed corporate"}, {"start": "00:06:20", "end": "00:06:23", "text": "Bitcoin holders."}, {"start": "00:06:22", "end": "00:06:28", "text": "The company reported that its"}, {"start": "00:06:23", "end": "00:06:30", "text": "year-to-date Bitcoin yield is 18.4%."}, {"start": "00:06:28", "end": "00:06:32", "text": "It also disclosed an amplification ratio"}, {"start": "00:06:30", "end": "00:06:34", "text": "of 44.3%,"}, {"start": "00:06:32", "end": "00:06:36", "text": "a measure it uses to show Bitcoin's"}, {"start": "00:06:34", "end": "00:06:39", "text": "exposure relative to the market value"}, {"start": "00:06:36", "end": "00:06:40", "text": "through its preferred stock structure."}, {"start": "00:06:39", "end": "00:06:42", "text": "Cool."}, {"start": "00:06:40", "end": "00:06:46", "text": "So, no, not even slightly joking. I"}, {"start": "00:06:42", "end": "00:06:47", "text": "don't remember a company called Strive"}, {"start": "00:06:46", "end": "00:06:51", "text": "at all."}, {"start": "00:06:47", "end": "00:06:52", "text": "Um, but once again, interesting to see"}, {"start": "00:06:51", "end": "00:06:54", "text": "that everyone"}, {"start": "00:06:52", "end": "00:06:57", "text": "uh"}, {"start": "00:06:54", "end": "00:07:02", "text": "is is is is playing ball again,"}, {"start": "00:06:57", "end": "00:07:06", "text": "as it were. Um, there is supposed to be,"}, {"start": "00:07:02", "end": "00:07:08", "text": "so as of right now, we are expecting,"}, {"start": "00:07:06", "end": "00:07:10", "text": "especially with the idea of them"}, {"start": "00:07:08", "end": "00:07:12", "text": "selling,"}, {"start": "00:07:10", "end": "00:07:15", "text": "we're awaiting the day,"}, {"start": "00:07:12", "end": "00:07:17", "text": "in the very near future, where BlackRock"}, {"start": "00:07:15", "end": "00:07:21", "text": "and MicroStrategy will each have a"}, {"start": "00:07:17", "end": "00:07:22", "text": "million Bitcoin. I'm still curious to"}, {"start": "00:07:21", "end": "00:07:25", "text": "see"}, {"start": "00:07:22", "end": "00:07:27", "text": "if um Metaplanet"}, {"start": "00:07:25", "end": "00:07:29", "text": "is going to be able to acquire their"}, {"start": "00:07:27", "end": "00:07:30", "text": "210,000"}, {"start": "00:07:29", "end": "00:07:32", "text": "Bitcoin"}, {"start": "00:07:30", "end": "00:07:34", "text": "uh this year. I mean, probably not, but"}, {"start": "00:07:32", "end": "00:07:35", "text": "whatever, you know, that's the"}, {"start": "00:07:34", "end": "00:07:39", "text": "I have a few you know, it's it's it's"}, {"start": "00:07:35", "end": "00:07:40", "text": "all about like timing and then FOMO."}, {"start": "00:07:39", "end": "00:07:42", "text": "So, you can you can acquire as much"}, {"start": "00:07:40", "end": "00:07:44", "text": "Bitcoin as you want over the course of a"}, {"start": "00:07:42", "end": "00:07:46", "text": "period of time, but if we get to the"}, {"start": "00:07:44", "end": "00:07:48", "text": "point if"}, {"start": "00:07:46", "end": "00:07:50", "text": "we get to the point where Bitcoin"}, {"start": "00:07:48", "end": "00:07:51", "text": "actually does triple in price, I think"}, {"start": "00:07:50", "end": "00:07:53", "text": "these companies are going to lose their"}, {"start": "00:07:51", "end": "00:07:55", "text": "minds"}, {"start": "00:07:53", "end": "00:07:57", "text": "buying as much as they possibly can at"}, {"start": "00:07:55", "end": "00:08:00", "text": "three x the actual value. Anyway,"}, {"start": "00:07:57", "end": "00:08:02", "text": "that's the strive news. Let's see if"}, {"start": "00:08:00", "end": "00:08:07", "text": "they pop back up in the news."}, {"start": "00:08:02", "end": "00:08:08", "text": "I they somehow acquired 15,391"}, {"start": "00:08:07", "end": "00:08:11", "text": "Bitcoin"}, {"start": "00:08:08", "end": "00:08:13", "text": "without me even knowing who they were."}, {"start": "00:08:11", "end": "00:08:16", "text": "Look at that."}, {"start": "00:08:13", "end": "00:08:19", "text": "You know, okey-dokey."}, {"start": "00:08:16", "end": "00:08:19", "text": "Let's move on."}, {"start": "00:08:20", "end": "00:08:24", "text": "All right, so"}, {"start": "00:08:22", "end": "00:08:26", "text": "I'm not knocking it. Don't worry. It's"}, {"start": "00:08:24", "end": "00:08:28", "text": "just more of a"}, {"start": "00:08:26", "end": "00:08:30", "text": "Yeah,"}, {"start": "00:08:28", "end": "00:08:32", "text": "but"}, {"start": "00:08:30", "end": "00:08:37", "text": "yeah, you'll you'll see. So, about 2"}, {"start": "00:08:32", "end": "00:08:43", "text": "years ago, we were um gifted with a a a"}, {"start": "00:08:37", "end": "00:08:43", "text": "slew of um ideas and"}, {"start": "00:08:43", "end": "00:08:47", "text": "uh I don't want to use the word"}, {"start": "00:08:43", "end": "00:08:50", "text": "promises, but I'll say ramises. Not Not"}, {"start": "00:08:47", "end": "00:08:52", "text": "exactly a prom where uh we were told"}, {"start": "00:08:50", "end": "00:08:56", "text": "that certain things were going to happen"}, {"start": "00:08:52", "end": "00:08:58", "text": "to the cryptocurrency uh space."}, {"start": "00:08:56", "end": "00:09:02", "text": "The one that still sticks in my noggin"}, {"start": "00:08:58", "end": "00:09:03", "text": "is uh the idea of like crypto being"}, {"start": "00:09:02", "end": "00:09:05", "text": "tax-free"}, {"start": "00:09:03", "end": "00:09:07", "text": "within the United States. And even even"}, {"start": "00:09:05", "end": "00:09:10", "text": "even more defined,"}, {"start": "00:09:07", "end": "00:09:13", "text": "it would be cryptocurrencies"}, {"start": "00:09:10", "end": "00:09:17", "text": "created in the United States that would"}, {"start": "00:09:13", "end": "00:09:20", "text": "have zero tax implications to them."}, {"start": "00:09:17", "end": "00:09:23", "text": "As time has barreled along,"}, {"start": "00:09:20", "end": "00:09:26", "text": "we're seeing that some lawmakers are"}, {"start": "00:09:23", "end": "00:09:31", "text": "trying to get things to pass through to"}, {"start": "00:09:26", "end": "00:09:34", "text": "make them law within the us, but it it"}, {"start": "00:09:31", "end": "00:09:37", "text": "feels like mega compromises as opposed"}, {"start": "00:09:34", "end": "00:09:40", "text": "to"}, {"start": "00:09:37", "end": "00:09:42", "text": "what we were supposed to actually"}, {"start": "00:09:40", "end": "00:09:44", "text": "uh get. So,"}, {"start": "00:09:42", "end": "00:09:46", "text": "uh this was quite popular as well. And"}, {"start": "00:09:44", "end": "00:09:48", "text": "once again, not knocking it, you know,"}, {"start": "00:09:46", "end": "00:09:49", "text": "slow and steady wins the eventually get"}, {"start": "00:09:48", "end": "00:09:54", "text": "there."}, {"start": "00:09:49", "end": "00:09:58", "text": "A bipartisan group of US lawmakers has"}, {"start": "00:09:54", "end": "00:10:01", "text": "reintroduced something called the Parity"}, {"start": "00:09:58", "end": "00:10:04", "text": "Act. So, we have the Clarity Act, which"}, {"start": "00:10:01", "end": "00:10:05", "text": "is trying to get released or pushed"}, {"start": "00:10:04", "end": "00:10:08", "text": "through to make"}, {"start": "00:10:05", "end": "00:10:10", "text": "tokenization and stable coins, the"}, {"start": "00:10:08", "end": "00:10:13", "text": "things that takes over the world of"}, {"start": "00:10:10", "end": "00:10:15", "text": "finance. And about a month ago, maybe"}, {"start": "00:10:13", "end": "00:10:17", "text": "3-4 weeks, I don't remember, uh we had"}, {"start": "00:10:15", "end": "00:10:20", "text": "we had we started hearing about"}, {"start": "00:10:17", "end": "00:10:23", "text": "something called the Parity Act. And I"}, {"start": "00:10:20", "end": "00:10:26", "text": "think the news was that it was going to"}, {"start": "00:10:23", "end": "00:10:27", "text": "be like reintroduced and spoken about."}, {"start": "00:10:26", "end": "00:10:29", "text": "That was literally what I think the news"}, {"start": "00:10:27", "end": "00:10:33", "text": "was, and people started getting quite"}, {"start": "00:10:29", "end": "00:10:37", "text": "hyped up about it. So, the Parity Act"}, {"start": "00:10:33", "end": "00:10:39", "text": "is a bill designed to modernize"}, {"start": "00:10:37", "end": "00:10:42", "text": "cryptocurrency taxation"}, {"start": "00:10:39", "end": "00:10:45", "text": "by directing the IRS, the Internal"}, {"start": "00:10:42", "end": "00:10:48", "text": "Revenue Service, to study the impact of"}, {"start": "00:10:45", "end": "00:10:51", "text": "exempting small digital asset"}, {"start": "00:10:48", "end": "00:10:53", "text": "transactions from tax reporting. If you"}, {"start": "00:10:51", "end": "00:10:54", "text": "haven't been here for a long time, this"}, {"start": "00:10:53", "end": "00:10:56", "text": "used to be one of the cornerstones. You"}, {"start": "00:10:54", "end": "00:10:59", "text": "know how like you constantly hear like"}, {"start": "00:10:56", "end": "00:11:00", "text": "Bitcoin digital gold, Bitcoin does the"}, {"start": "00:10:59", "end": "00:11:03", "text": "Macarena. Like you hear all these like"}, {"start": "00:11:00", "end": "00:11:06", "text": "really weird things about like crypto."}, {"start": "00:11:03", "end": "00:11:09", "text": "One of the original things was the idea"}, {"start": "00:11:06", "end": "00:11:11", "text": "of actually being able to use Bitcoin in"}, {"start": "00:11:09", "end": "00:11:13", "text": "everyday life."}, {"start": "00:11:11", "end": "00:11:16", "text": "So, one of the original mantras was"}, {"start": "00:11:13", "end": "00:11:19", "text": "being able to use Bitcoin to buy a cup"}, {"start": "00:11:16", "end": "00:11:21", "text": "of coffee. That was always the thing."}, {"start": "00:11:19", "end": "00:11:23", "text": "And then people were like, well, Bitcoin"}, {"start": "00:11:21", "end": "00:11:25", "text": "has pretty high fees. So, that's not"}, {"start": "00:11:23", "end": "00:11:27", "text": "going to happen. The Lightning Network"}, {"start": "00:11:25", "end": "00:11:30", "text": "was introduced, and then it was like,"}, {"start": "00:11:27", "end": "00:11:32", "text": "cool, this is a new fast easy quick way"}, {"start": "00:11:30", "end": "00:11:34", "text": "to spend I was going to say 99 cents."}, {"start": "00:11:32", "end": "00:11:36", "text": "Coffee's not $0.99, but like that you"}, {"start": "00:11:34", "end": "00:11:37", "text": "understand. To buy a cup of coffee"}, {"start": "00:11:36", "end": "00:11:39", "text": "with Bitcoin."}, {"start": "00:11:37", "end": "00:11:40", "text": "The problem is is that within the United"}, {"start": "00:11:39", "end": "00:11:44", "text": "States,"}, {"start": "00:11:40", "end": "00:11:47", "text": "if you use your crypto to acquire a"}, {"start": "00:11:44", "end": "00:11:49", "text": "service or good, uh you create a taxable"}, {"start": "00:11:47", "end": "00:11:50", "text": "event. And therefore, [snorts]"}, {"start": "00:11:49", "end": "00:11:53", "text": "you would have to spend money,"}, {"start": "00:11:50", "end": "00:11:55", "text": "additional money, on the actual taxation"}, {"start": "00:11:53", "end": "00:11:58", "text": "of that thing that you just did, no"}, {"start": "00:11:55", "end": "00:12:01", "text": "matter how small the actual"}, {"start": "00:11:58", "end": "00:12:03", "text": "transaction is. So, as we move further,"}, {"start": "00:12:01", "end": "00:12:07", "text": "potentially into a world where"}, {"start": "00:12:03", "end": "00:12:10", "text": "cryptocurrencies are the mainstay, we"}, {"start": "00:12:07", "end": "00:12:11", "text": "use them for everything. It's 2037."}, {"start": "00:12:10", "end": "00:12:14", "text": "You're paying in stable coins or"}, {"start": "00:12:11", "end": "00:12:17", "text": "Bitcoin, whatever the future supposed to"}, {"start": "00:12:14", "end": "00:12:21", "text": "look like. No one's going to be buying a"}, {"start": "00:12:17", "end": "00:12:23", "text": "car to a cup of coffee if that thing is"}, {"start": "00:12:21", "end": "00:12:25", "text": "already taxed, like with the local state"}, {"start": "00:12:23", "end": "00:12:28", "text": "tax, and then you have an additional tax"}, {"start": "00:12:25", "end": "00:12:30", "text": "on top of that cuz you spent your"}, {"start": "00:12:28", "end": "00:12:32", "text": "crypto."}, {"start": "00:12:30", "end": "00:12:36", "text": "The legislation, first reported by"}, {"start": "00:12:32", "end": "00:12:38", "text": "CoinDesk, proposes a tax exemption"}, {"start": "00:12:36", "end": "00:12:40", "text": "threshold"}, {"start": "00:12:38", "end": "00:12:42", "text": "of $200."}, {"start": "00:12:40", "end": "00:12:43", "text": "Yeah, for minor minor crypto"}, {"start": "00:12:42", "end": "00:12:46", "text": "transactions."}, {"start": "00:12:43", "end": "00:12:49", "text": "A move that the crypto industry has long"}, {"start": "00:12:46", "end": "00:12:55", "text": "advocated for to facilitate everyday use"}, {"start": "00:12:49", "end": "00:12:58", "text": "of digital currencies. The problem is"}, {"start": "00:12:55", "end": "00:13:02", "text": "is that it's only $200."}, {"start": "00:12:58", "end": "00:13:04", "text": "So, unless you are making constant $200"}, {"start": "00:13:02", "end": "00:13:08", "text": "uh purchases, then it doesn't really"}, {"start": "00:13:04", "end": "00:13:10", "text": "make a lot of sense. This uh one That's"}, {"start": "00:13:08", "end": "00:13:12", "text": "That's That's what I was saying, like"}, {"start": "00:13:10", "end": "00:13:14", "text": "I'm not knocking it,"}, {"start": "00:13:12", "end": "00:13:16", "text": "but it feels like behind the scenes,"}, {"start": "00:13:14", "end": "00:13:18", "text": "they were like kind of"}, {"start": "00:13:16", "end": "00:13:22", "text": "whittled down to 200. This would have"}, {"start": "00:13:18", "end": "00:13:25", "text": "made, I dare say, far more sense"}, {"start": "00:13:22", "end": "00:13:26", "text": "if it was like 10,000."}, {"start": "00:13:25", "end": "00:13:29", "text": "And I say that from a logical"}, {"start": "00:13:26", "end": "00:13:31", "text": "perspective because 10,000 is usually"}, {"start": "00:13:29", "end": "00:13:32", "text": "when the bank and the IRS like their"}, {"start": "00:13:31", "end": "00:13:34", "text": "alarm goes off and they think money"}, {"start": "00:13:32", "end": "00:13:37", "text": "laundering is actually happening or even"}, {"start": "00:13:34", "end": "00:13:38", "text": "like 5,000 would have also or you know"}, {"start": "00:13:37", "end": "00:13:40", "text": "you like you can you can buy a new couch"}, {"start": "00:13:38", "end": "00:13:44", "text": "and a new TV without, you know, having"}, {"start": "00:13:40", "end": "00:13:47", "text": "to pay taxes on it, but alas, the bill"}, {"start": "00:13:44", "end": "00:13:50", "text": "backed to buy both parties aims to"}, {"start": "00:13:47", "end": "00:13:53", "text": "address a long-standing friction point"}, {"start": "00:13:50", "end": "00:13:56", "text": "for cryptocurrency adoption."}, {"start": "00:13:53", "end": "00:13:58", "text": "Tax reporting requirements on small"}, {"start": "00:13:56", "end": "00:13:59", "text": "purchases."}, {"start": "00:13:58", "end": "00:14:03", "text": "Currently"}, {"start": "00:13:59", "end": "00:14:07", "text": "every single crypto transaction"}, {"start": "00:14:03", "end": "00:14:08", "text": "regardless of size may trigger a taxable"}, {"start": "00:14:07", "end": "00:14:10", "text": "event"}, {"start": "00:14:08", "end": "00:14:12", "text": "creating a cumbersome reporting burden"}, {"start": "00:14:10", "end": "00:14:15", "text": "for users buying everyday items. It even"}, {"start": "00:14:12", "end": "00:14:17", "text": "says it here like a cup of coffee."}, {"start": "00:14:15", "end": "00:14:19", "text": "The parity act would require the IRS to"}, {"start": "00:14:17", "end": "00:14:21", "text": "study the economic and administrative"}, {"start": "00:14:19", "end": "00:14:24", "text": "effects of exempting transactions under"}, {"start": "00:14:21", "end": "00:14:25", "text": "$200 from such reporting potentially"}, {"start": "00:14:24", "end": "00:14:28", "text": "paving the way for a permanent"}, {"start": "00:14:25", "end": "00:14:31", "text": "exemption. If they got to 200 and the"}, {"start": "00:14:28", "end": "00:14:33", "text": "IRS still has to like look at it and I"}, {"start": "00:14:31", "end": "00:14:35", "text": "this is I feel whatever."}, {"start": "00:14:33", "end": "00:14:38", "text": "I feel like this is going to be another"}, {"start": "00:14:35", "end": "00:14:40", "text": "like SEC kind of situation where"}, {"start": "00:14:38", "end": "00:14:43", "text": "people are asking you for over a decade"}, {"start": "00:14:40", "end": "00:14:46", "text": "to give them an ETF."}, {"start": "00:14:43", "end": "00:14:49", "text": "Just give them the ETF with you like"}, {"start": "00:14:46", "end": "00:14:51", "text": "presiding over it. I'm going to assume"}, {"start": "00:14:49", "end": "00:14:53", "text": "logically that people working within the"}, {"start": "00:14:51", "end": "00:14:56", "text": "IRS, just logically speaking here, they"}, {"start": "00:14:53", "end": "00:14:58", "text": "know numbers really well and it"}, {"start": "00:14:56", "end": "00:15:01", "text": "shouldn't"}, {"start": "00:14:58", "end": "00:15:02", "text": "take them any more than three and a half"}, {"start": "00:15:01", "end": "00:15:04", "text": "days"}, {"start": "00:15:02", "end": "00:15:05", "text": "to give a yay or a nay to this. This"}, {"start": "00:15:04", "end": "00:15:08", "text": "shouldn't be something that takes a"}, {"start": "00:15:05", "end": "00:15:10", "text": "week, a month, a year, three and a half,"}, {"start": "00:15:08", "end": "00:15:14", "text": "four and a half years to go, well, 200,"}, {"start": "00:15:10", "end": "00:15:17", "text": "you know, just just do it."}, {"start": "00:15:14", "end": "00:15:19", "text": "It it's it it's always some kind of like"}, {"start": "00:15:17", "end": "00:15:22", "text": "I don't know why governments do this. I"}, {"start": "00:15:19", "end": "00:15:24", "text": "don't know why central banks do this. I"}, {"start": "00:15:22", "end": "00:15:26", "text": "assume it's to like assert power in some"}, {"start": "00:15:24", "end": "00:15:28", "text": "sort of way to show that they can take"}, {"start": "00:15:26", "end": "00:15:29", "text": "their time."}, {"start": "00:15:28", "end": "00:15:31", "text": "But this is why things take forever. It"}, {"start": "00:15:29", "end": "00:15:32", "text": "It just doesn't have to actually be this"}, {"start": "00:15:31", "end": "00:15:34", "text": "way."}, {"start": "00:15:32", "end": "00:15:36", "text": "First of all,"}, {"start": "00:15:34", "end": "00:15:37", "text": "once again,"}, {"start": "00:15:36", "end": "00:15:40", "text": "there were"}, {"start": "00:15:37", "end": "00:15:43", "text": "there were promises for"}, {"start": "00:15:40", "end": "00:15:46", "text": "completely tax-free"}, {"start": "00:15:43", "end": "00:15:48", "text": "use for American-made crypto. That's why"}, {"start": "00:15:46", "end": "00:15:52", "text": "you might have noticed 2 years ago there"}, {"start": "00:15:48", "end": "00:15:56", "text": "was like an uptick in popularity for It"}, {"start": "00:15:52", "end": "00:15:58", "text": "was Bitcoin, XRP. I think Algorand is"}, {"start": "00:15:56", "end": "00:16:01", "text": "also a US-based crypto and like two or"}, {"start": "00:15:58", "end": "00:16:03", "text": "three other ones and Litecoin as well."}, {"start": "00:16:01", "end": "00:16:06", "text": "But since then we've heard not a gosh"}, {"start": "00:16:03", "end": "00:16:11", "text": "darn thing. So,"}, {"start": "00:16:06", "end": "00:16:14", "text": "it just It's sure. Why why not? Um if"}, {"start": "00:16:11", "end": "00:16:16", "text": "they truly want crypto to be like the"}, {"start": "00:16:14", "end": "00:16:19", "text": "number one thing in the United States,"}, {"start": "00:16:16", "end": "00:16:21", "text": "if you haven't seen we have had constant"}, {"start": "00:16:19", "end": "00:16:24", "text": "discussions about people telling us that"}, {"start": "00:16:21", "end": "00:16:27", "text": "they want the United States to be the"}, {"start": "00:16:24", "end": "00:16:29", "text": "crypto capital of the world. You know"}, {"start": "00:16:27", "end": "00:16:31", "text": "how you do that? You You You make the"}, {"start": "00:16:29", "end": "00:16:34", "text": "number higher than 200."}, {"start": "00:16:31", "end": "00:16:36", "text": "Like what costs $200"}, {"start": "00:16:34", "end": "00:16:37", "text": "besides groceries? That like you know it"}, {"start": "00:16:36", "end": "00:16:38", "text": "just It just doesn't make a lot of"}, {"start": "00:16:37", "end": "00:16:40", "text": "sense."}, {"start": "00:16:38", "end": "00:16:41", "text": "Anyway, I I I have a lot of ranting left"}, {"start": "00:16:40", "end": "00:16:43", "text": "inside of me."}, {"start": "00:16:41", "end": "00:16:46", "text": "That's the"}, {"start": "00:16:43", "end": "00:16:48", "text": "Parity Act."}, {"start": "00:16:46", "end": "00:16:50", "text": "If If the next act is called the Marity"}, {"start": "00:16:48", "end": "00:16:53", "text": "Act, I'm going to be"}, {"start": "00:16:50", "end": "00:16:55", "text": "Okie dokie."}, {"start": "00:16:53", "end": "00:16:55", "text": "Let's move on."}, {"start": "00:16:57", "end": "00:17:04", "text": "So, as you might have imagined, this was"}, {"start": "00:17:00", "end": "00:17:06", "text": "destructively popular news."}, {"start": "00:17:04", "end": "00:17:11", "text": "I did look around and I"}, {"start": "00:17:06", "end": "00:17:14", "text": "I I believe that this is true and real."}, {"start": "00:17:11", "end": "00:17:17", "text": "And I say that to because the last few"}, {"start": "00:17:14", "end": "00:17:20", "text": "months"}, {"start": "00:17:17", "end": "00:17:24", "text": "there's been a rather large uptick"}, {"start": "00:17:20", "end": "00:17:26", "text": "in XRP news. And when you actually when"}, {"start": "00:17:24", "end": "00:17:29", "text": "I actually"}, {"start": "00:17:26", "end": "00:17:32", "text": "search the interwebs for like sources"}, {"start": "00:17:29", "end": "00:17:35", "text": "and things regarding that news,"}, {"start": "00:17:32", "end": "00:17:39", "text": "I'm not finding a lot of them. So, there"}, {"start": "00:17:35", "end": "00:17:41", "text": "are a lot of XRP airdrops that are all"}, {"start": "00:17:39", "end": "00:17:43", "text": "scams. There are a lot of people"}, {"start": "00:17:41", "end": "00:17:46", "text": "announcing that they read in a document"}, {"start": "00:17:43", "end": "00:17:48", "text": "somewhere that XRP is going to $10,000."}, {"start": "00:17:46", "end": "00:17:49", "text": "There's a I I see it all the time on"}, {"start": "00:17:48", "end": "00:17:52", "text": "Twitter."}, {"start": "00:17:49", "end": "00:17:55", "text": "People are posting things like, \"No, so"}, {"start": "00:17:52", "end": "00:17:57", "text": "I I just saw a thing that the Fed is"}, {"start": "00:17:55", "end": "00:17:59", "text": "working with Ripple and Ripple's working"}, {"start": "00:17:57", "end": "00:18:02", "text": "with Amazon and Ripple's working with"}, {"start": "00:17:59", "end": "00:18:05", "text": "this.\" And then luckily people in the"}, {"start": "00:18:02", "end": "00:18:08", "text": "Twitter comments are like, \"Source?"}, {"start": "00:18:05", "end": "00:18:09", "text": "Can can you give us something?\" And then"}, {"start": "00:18:08", "end": "00:18:12", "text": "the person kind of stops responding"}, {"start": "00:18:09", "end": "00:18:14", "text": "until they post something else."}, {"start": "00:18:12", "end": "00:18:17", "text": "So, a huge"}, {"start": "00:18:14", "end": "00:18:20", "text": "gigantic amount of"}, {"start": "00:18:17", "end": "00:18:23", "text": "uh energy right now being directed in"}, {"start": "00:18:20", "end": "00:18:27", "text": "the Ripple XRP corner"}, {"start": "00:18:23", "end": "00:18:31", "text": "has to do with the idea of um"}, {"start": "00:18:27", "end": "00:18:34", "text": "central banks actually using either XRP"}, {"start": "00:18:31", "end": "00:18:35", "text": "or using Ripple's stablecoin to move"}, {"start": "00:18:34", "end": "00:18:37", "text": "money around the world."}, {"start": "00:18:35", "end": "00:18:39", "text": "That's the news that we've been getting."}, {"start": "00:18:37", "end": "00:18:41", "text": "That's the current XRP narrative for"}, {"start": "00:18:39", "end": "00:18:44", "text": "what it's supposed to be doing and"}, {"start": "00:18:41", "end": "00:18:46", "text": "what's going to bring it to $10, $15,"}, {"start": "00:18:44", "end": "00:18:47", "text": "$20 per coin."}, {"start": "00:18:46", "end": "00:18:49", "text": "So,"}, {"start": "00:18:47", "end": "00:18:53", "text": "apparently,"}, {"start": "00:18:49", "end": "00:18:56", "text": "it says Australia's Central Bank"}, {"start": "00:18:53", "end": "00:18:59", "text": "has completed something most financial"}, {"start": "00:18:56", "end": "00:19:04", "text": "institutions are still theorizing about."}, {"start": "00:18:59", "end": "00:19:08", "text": "The Reserve Bank of Australia, the RBA,"}, {"start": "00:19:04", "end": "00:19:10", "text": "along with the Digital Finance CRC,"}, {"start": "00:19:08", "end": "00:19:14", "text": "called DFRC,"}, {"start": "00:19:10", "end": "00:19:17", "text": "published in their May 2026 final report"}, {"start": "00:19:14", "end": "00:19:19", "text": "on project Acacia."}, {"start": "00:19:17", "end": "00:19:19", "text": "Okay."}, {"start": "00:19:19", "end": "00:19:21", "text": "Uh"}, {"start": "00:19:19", "end": "00:19:23", "text": "and then it says here for those of you"}, {"start": "00:19:21", "end": "00:19:26", "text": "not looking at the screen, someone"}, {"start": "00:19:23", "end": "00:19:28", "text": "posted on Twitter"}, {"start": "00:19:26", "end": "00:19:29", "text": "that this is happening. It says, \"Just"}, {"start": "00:19:28", "end": "00:19:33", "text": "in."}, {"start": "00:19:29", "end": "00:19:36", "text": "Australia's RBA deploys wholesale"}, {"start": "00:19:33", "end": "00:19:39", "text": "central bank digital currency directly"}, {"start": "00:19:36", "end": "00:19:43", "text": "onto the XRP ledger and to Hedera"}, {"start": "00:19:39", "end": "00:19:45", "text": "Hashgraph in project Acacia."}, {"start": "00:19:43", "end": "00:19:48", "text": "The Reserve Bank of Australia just ran"}, {"start": "00:19:45", "end": "00:19:49", "text": "real money on both the XRP ledger and"}, {"start": "00:19:48", "end": "00:19:52", "text": "Hedera."}, {"start": "00:19:49", "end": "00:19:54", "text": "This is a massive development. Project"}, {"start": "00:19:52", "end": "00:19:56", "text": "Acacia is a hands-on research program"}, {"start": "00:19:54", "end": "00:19:58", "text": "run and then it kind of gets cut off"}, {"start": "00:19:56", "end": "00:20:01", "text": "there. And then they also provided uh"}, {"start": "00:19:58", "end": "00:20:05", "text": "screenshots, which I thought was just"}, {"start": "00:20:01", "end": "00:20:09", "text": "absolutely dandy. So,"}, {"start": "00:20:05", "end": "00:20:11", "text": "as far as we understand as the public"}, {"start": "00:20:09", "end": "00:20:13", "text": "uh"}, {"start": "00:20:11", "end": "00:20:17", "text": "and from non-disclosure agreements,"}, {"start": "00:20:13", "end": "00:20:19", "text": "Ripple is apparently working with not"}, {"start": "00:20:17", "end": "00:20:21", "text": "only dozens of banks,"}, {"start": "00:20:19", "end": "00:20:23", "text": "but we've also heard hundreds of"}, {"start": "00:20:21", "end": "00:20:25", "text": "companies."}, {"start": "00:20:23", "end": "00:20:28", "text": "Who hundreds, yes, with hundreds. That"}, {"start": "00:20:25", "end": "00:20:31", "text": "was the news with non-disclosure"}, {"start": "00:20:28", "end": "00:20:34", "text": "agreements. And as this year is supposed"}, {"start": "00:20:31", "end": "00:20:37", "text": "to be the year of tokenization"}, {"start": "00:20:34", "end": "00:20:39", "text": "and stable coins and as I've been saying"}, {"start": "00:20:37", "end": "00:20:42", "text": "central bank digital currencies, this of"}, {"start": "00:20:39", "end": "00:20:44", "text": "course made very popular news. It has to"}, {"start": "00:20:42", "end": "00:20:47", "text": "do with Ripple. It has to do with XRP."}, {"start": "00:20:44", "end": "00:20:48", "text": "And it would make sense in the context"}, {"start": "00:20:47", "end": "00:20:52", "text": "of everything that we've been hearing is"}, {"start": "00:20:48", "end": "00:20:54", "text": "also supposed to happen in 2026."}, {"start": "00:20:52", "end": "00:20:56", "text": "So, once again, I looked around and this"}, {"start": "00:20:54", "end": "00:20:59", "text": "was the more credible of the actual like"}, {"start": "00:20:56", "end": "00:21:02", "text": "screenshots from the actual website of"}, {"start": "00:20:59", "end": "00:21:05", "text": "the DFRC."}, {"start": "00:21:02", "end": "00:21:08", "text": "Yeah, it's uh not surprising, but good"}, {"start": "00:21:05", "end": "00:21:12", "text": "news. This is a very"}, {"start": "00:21:08", "end": "00:21:14", "text": "um everything's going to happen year"}, {"start": "00:21:12", "end": "00:21:17", "text": "without like"}, {"start": "00:21:14", "end": "00:21:20", "text": "a lot of names news. That doesn't make"}, {"start": "00:21:17", "end": "00:21:21", "text": "any sense. We're getting a lot of like"}, {"start": "00:21:20", "end": "00:21:23", "text": "everything's going to be running on"}, {"start": "00:21:21", "end": "00:21:25", "text": "Solana. Everything's happening for"}, {"start": "00:21:23", "end": "00:21:28", "text": "Ethereum. XRP is going to be the number"}, {"start": "00:21:25", "end": "00:21:30", "text": "one so and so. I guess you can throw"}, {"start": "00:21:28", "end": "00:21:32", "text": "Hedera into this conversation as well."}, {"start": "00:21:30", "end": "00:21:34", "text": "But then"}, {"start": "00:21:32", "end": "00:21:37", "text": "the news seems to be hard-pressed to"}, {"start": "00:21:34", "end": "00:21:38", "text": "actually like find information about"}, {"start": "00:21:37", "end": "00:21:40", "text": "those things."}, {"start": "00:21:38", "end": "00:21:41", "text": "So it's absolutely wonderful that we"}, {"start": "00:21:40", "end": "00:21:43", "text": "keep hearing"}, {"start": "00:21:41", "end": "00:21:46", "text": "you know, Bitcoin"}, {"start": "00:21:43", "end": "00:21:48", "text": "December 255,000,"}, {"start": "00:21:46", "end": "00:21:51", "text": "118,000"}, {"start": "00:21:48", "end": "00:21:54", "text": "dollar Ether, 72 dollar XRP. Those are"}, {"start": "00:21:51", "end": "00:21:58", "text": "Those are Those are fantastic. But what"}, {"start": "00:21:54", "end": "00:21:59", "text": "we as investors actually need is like"}, {"start": "00:21:58", "end": "00:22:00", "text": "proof."}, {"start": "00:21:59", "end": "00:22:02", "text": "The most we've gotten, which has been"}, {"start": "00:22:00", "end": "00:22:05", "text": "quite a lot to be fair,"}, {"start": "00:22:02", "end": "00:22:07", "text": "uh Visa announced that they're using Oh"}, {"start": "00:22:05", "end": "00:22:09", "text": "gosh, never remember. Polygon, Ethereum,"}, {"start": "00:22:07", "end": "00:22:10", "text": "and I believe Avalanche. This was about"}, {"start": "00:22:09", "end": "00:22:12", "text": "a month ago."}, {"start": "00:22:10", "end": "00:22:15", "text": "Some other company announced they were"}, {"start": "00:22:12", "end": "00:22:16", "text": "using XRP, but as far as we understand,"}, {"start": "00:22:15", "end": "00:22:17", "text": "it was like in like the testing process"}, {"start": "00:22:16", "end": "00:22:19", "text": "as well, which I believe many of these"}, {"start": "00:22:17", "end": "00:22:21", "text": "things are."}, {"start": "00:22:19", "end": "00:22:24", "text": "There was another Polygon news thing,"}, {"start": "00:22:21", "end": "00:22:27", "text": "and I think one other."}, {"start": "00:22:24", "end": "00:22:32", "text": "So if"}, {"start": "00:22:27", "end": "00:22:35", "text": "there are indeed hundreds of companies"}, {"start": "00:22:32", "end": "00:22:38", "text": "looking to use crypto and putting stable"}, {"start": "00:22:35", "end": "00:22:42", "text": "coins on these uh on these coins,"}, {"start": "00:22:38", "end": "00:22:44", "text": "oh I would fingers crossed that they"}, {"start": "00:22:42", "end": "00:22:48", "text": "then begin to announce what they're"}, {"start": "00:22:44", "end": "00:22:50", "text": "doing after the Clarity Act ends up"}, {"start": "00:22:48", "end": "00:22:51", "text": "potentially getting signed, because"}, {"start": "00:22:50", "end": "00:22:53", "text": "that's also the thing that we've been"}, {"start": "00:22:51", "end": "00:22:55", "text": "hearing, if you haven't seen from the"}, {"start": "00:22:53", "end": "00:22:56", "text": "higher-ups,"}, {"start": "00:22:55", "end": "00:22:59", "text": "they"}, {"start": "00:22:56", "end": "00:23:01", "text": "claim and say that the companies are"}, {"start": "00:22:59", "end": "00:23:04", "text": "literally just apparently waiting for"}, {"start": "00:23:01", "end": "00:23:05", "text": "the Clarity Act to be signed. And then"}, {"start": "00:23:04", "end": "00:23:07", "text": "uh you know, and then they're legally"}, {"start": "00:23:05", "end": "00:23:09", "text": "able to do stuff within the United"}, {"start": "00:23:07", "end": "00:23:13", "text": "States, so"}, {"start": "00:23:09", "end": "00:23:15", "text": "let's see what happens when we get"}, {"start": "00:23:13", "end": "00:23:18", "text": "there."}, {"start": "00:23:15", "end": "00:23:20", "text": "Okay, that's the apparently the Central"}, {"start": "00:23:18", "end": "00:23:22", "text": "Bank Is it Central Bank?"}, {"start": "00:23:20", "end": "00:23:24", "text": "Da da pa pa da pa pa da da pa. Yep,"}, {"start": "00:23:22", "end": "00:23:27", "text": "Australia Central Bank"}, {"start": "00:23:24", "end": "00:23:31", "text": "is running some something on top of"}, {"start": "00:23:27", "end": "00:23:33", "text": "Hedera and XRP."}, {"start": "00:23:31", "end": "00:23:36", "text": "Okay."}, {"start": "00:23:33", "end": "00:23:36", "text": "Let's move on."}, {"start": "00:23:36", "end": "00:23:40", "text": "We had something similar to this a day"}, {"start": "00:23:38", "end": "00:23:43", "text": "or two ago as well."}, {"start": "00:23:40", "end": "00:23:45", "text": "And I and I and I really I don't know if"}, {"start": "00:23:43", "end": "00:23:48", "text": "this is a"}, {"start": "00:23:45", "end": "00:23:51", "text": "um it's not a mimic,"}, {"start": "00:23:48", "end": "00:23:53", "text": "but we're getting so much"}, {"start": "00:23:51", "end": "00:23:55", "text": "of like the same news, but from"}, {"start": "00:23:53", "end": "00:23:59", "text": "different people."}, {"start": "00:23:55", "end": "00:24:00", "text": "So, we have heard endlessly"}, {"start": "00:23:59", "end": "00:24:03", "text": "price predictions and where things are"}, {"start": "00:24:00", "end": "00:24:07", "text": "going to go from nearly every sing and"}, {"start": "00:24:03", "end": "00:24:10", "text": "nearly every single person in this"}, {"start": "00:24:07", "end": "00:24:12", "text": "space. They've all said the same thing."}, {"start": "00:24:10", "end": "00:24:16", "text": "About a 2 weeks ago, you can even drag"}, {"start": "00:24:12", "end": "00:24:19", "text": "it into now. We're getting a lot of like"}, {"start": "00:24:16", "end": "00:24:21", "text": "this is the next step for crypto."}, {"start": "00:24:19", "end": "00:24:22", "text": "This is going to happen for crypto. 2"}, {"start": "00:24:21", "end": "00:24:26", "text": "months ago, we had a lot of like"}, {"start": "00:24:22", "end": "00:24:29", "text": "references and time frames once again to"}, {"start": "00:24:26", "end": "00:24:32", "text": "like cryptos where the internet was in"}, {"start": "00:24:29", "end": "00:24:34", "text": "in in in 1999. We had one recently"}, {"start": "00:24:32", "end": "00:24:36", "text": "someone compared the cryptos adoption to"}, {"start": "00:24:34", "end": "00:24:39", "text": "like video games and I was like, what"}, {"start": "00:24:36", "end": "00:24:41", "text": "the fudge are you talking about? So, a"}, {"start": "00:24:39", "end": "00:24:43", "text": "lot of the news on top of the price"}, {"start": "00:24:41", "end": "00:24:47", "text": "prediction stuff and on top of like"}, {"start": "00:24:43", "end": "00:24:50", "text": "these things will be used is this idea"}, {"start": "00:24:47", "end": "00:24:53", "text": "that we are kind of in"}, {"start": "00:24:50", "end": "00:24:56", "text": "the next step of adoption and"}, {"start": "00:24:53", "end": "00:24:57", "text": "amazingness that is meant to happen to"}, {"start": "00:24:56", "end": "00:25:01", "text": "this space."}, {"start": "00:24:57", "end": "00:25:03", "text": "While I myself also love a good, you"}, {"start": "00:25:01", "end": "00:25:06", "text": "know, bit of news like logical news"}, {"start": "00:25:03", "end": "00:25:09", "text": "about things that are happening"}, {"start": "00:25:06", "end": "00:25:10", "text": "within this space."}, {"start": "00:25:09", "end": "00:25:14", "text": "All these people are kind of like"}, {"start": "00:25:10", "end": "00:25:16", "text": "promising in some sort of way"}, {"start": "00:25:14", "end": "00:25:19", "text": "that these things are definitely going"}, {"start": "00:25:16", "end": "00:25:20", "text": "to happen in a very short period of"}, {"start": "00:25:19", "end": "00:25:22", "text": "time."}, {"start": "00:25:20", "end": "00:25:24", "text": "And for investors,"}, {"start": "00:25:22", "end": "00:25:26", "text": "you know, out there, many people just"}, {"start": "00:25:24", "end": "00:25:31", "text": "want to see the prices move."}, {"start": "00:25:26", "end": "00:25:32", "text": "This is very reminiscent of 2019"}, {"start": "00:25:31", "end": "00:25:35", "text": "where all these companies were telling"}, {"start": "00:25:32", "end": "00:25:37", "text": "us that the institutions are here. The"}, {"start": "00:25:35", "end": "00:25:38", "text": "institutions are so and so. Money's"}, {"start": "00:25:37", "end": "00:25:39", "text": "going to move into the market. And like"}, {"start": "00:25:38", "end": "00:25:41", "text": "you like you you you you look at the"}, {"start": "00:25:39", "end": "00:25:43", "text": "price and you go, \"Okay, well, it's it's"}, {"start": "00:25:41", "end": "00:25:45", "text": "2,800.\" And it's like"}, {"start": "00:25:43", "end": "00:25:47", "text": "\"Okay, so when like when's the big boom"}, {"start": "00:25:45", "end": "00:25:50", "text": "going to happen?\" And this is where I"}, {"start": "00:25:47", "end": "00:25:52", "text": "think we are now. I would assume that"}, {"start": "00:25:50", "end": "00:25:54", "text": "behind the scenes,"}, {"start": "00:25:52", "end": "00:25:57", "text": "logically, these people know where the"}, {"start": "00:25:54", "end": "00:25:59", "text": "market is going to move."}, {"start": "00:25:57", "end": "00:26:02", "text": "I give it to you this way."}, {"start": "00:25:59", "end": "00:26:04", "text": "Coinbase, Kraken, Binance, Gemini,"}, {"start": "00:26:02", "end": "00:26:05", "text": "Ripple, Ethereum Foundation,"}, {"start": "00:26:04", "end": "00:26:06", "text": "Blockstream,"}, {"start": "00:26:05", "end": "00:26:08", "text": "they're the ones having these"}, {"start": "00:26:06", "end": "00:26:09", "text": "discussions with the countries and the"}, {"start": "00:26:08", "end": "00:26:11", "text": "companies."}, {"start": "00:26:09", "end": "00:26:14", "text": "But now we're hearing that like, \"Yeah,"}, {"start": "00:26:11", "end": "00:26:15", "text": "everyone's on board.\" And I think"}, {"start": "00:26:14", "end": "00:26:17", "text": "everyone"}, {"start": "00:26:15", "end": "00:26:19", "text": "and I I speak for myself here. I'm"}, {"start": "00:26:17", "end": "00:26:22", "text": "[snorts] waiting to see those like"}, {"start": "00:26:19", "end": "00:26:24", "text": "everyone's on board prices."}, {"start": "00:26:22", "end": "00:26:25", "text": "Okay."}, {"start": "00:26:24", "end": "00:26:27", "text": "Ba da ba ba ba ba."}, {"start": "00:26:25", "end": "00:26:29", "text": "Um so apparently, I don't know why the"}, {"start": "00:26:27", "end": "00:26:32", "text": "article starts like this."}, {"start": "00:26:29", "end": "00:26:35", "text": "It says Armstrong frames Coinbase around"}, {"start": "00:26:32", "end": "00:26:36", "text": "broader on-chain finance growth. That's"}, {"start": "00:26:35", "end": "00:26:38", "text": "a very weird way to start a"}, {"start": "00:26:36", "end": "00:26:41", "text": "start a thing. It says and I quote,"}, {"start": "00:26:38", "end": "00:26:44", "text": "\"There's a generational shift happening"}, {"start": "00:26:41", "end": "00:26:46", "text": "and Coinbase is uniquely positioned to"}, {"start": "00:26:44", "end": "00:26:47", "text": "capture it.\""}, {"start": "00:26:46", "end": "00:26:52", "text": "Okay, some words are missing here. So"}, {"start": "00:26:47", "end": "00:26:55", "text": "Brian Armstrong is the CEO of Coinbase."}, {"start": "00:26:52", "end": "00:26:58", "text": "Apparently, he posted something."}, {"start": "00:26:55", "end": "00:27:00", "text": "It says his post also emphasized Agentyc"}, {"start": "00:26:58", "end": "00:27:02", "text": "Finance"}, {"start": "00:27:00", "end": "00:27:05", "text": "with Armstrong saying the next frontier"}, {"start": "00:27:02", "end": "00:27:07", "text": "is Agentyc and on Coinbase I guess like"}, {"start": "00:27:05", "end": "00:27:10", "text": "an AI agent."}, {"start": "00:27:07", "end": "00:27:14", "text": "Okay. Coinbase said more than 90% of"}, {"start": "00:27:10", "end": "00:27:16", "text": "on-chain Agentyc stablecoin transaction"}, {"start": "00:27:14", "end": "00:27:17", "text": "volume occurred on Base during the"}, {"start": "00:27:16", "end": "00:27:20", "text": "quarter"}, {"start": "00:27:17", "end": "00:27:24", "text": "while over 99% of the on-chain Agentyc"}, {"start": "00:27:20", "end": "00:27:28", "text": "commerce value volume used Circle Coin."}, {"start": "00:27:24", "end": "00:27:30", "text": "Are they patting themselves on the back?"}, {"start": "00:27:28", "end": "00:27:32", "text": "Coinbase has a chain called chain. You"}, {"start": "00:27:30", "end": "00:27:34", "text": "know how like Binance has Binance chain,"}, {"start": "00:27:32", "end": "00:27:35", "text": "Coinbase has Base."}, {"start": "00:27:34", "end": "00:27:37", "text": "The thing about Base is that they"}, {"start": "00:27:35", "end": "00:27:39", "text": "literally"}, {"start": "00:27:37", "end": "00:27:42", "text": "put all of their assets onto their own"}, {"start": "00:27:39", "end": "00:27:45", "text": "chain to show how much assets they have"}, {"start": "00:27:42", "end": "00:27:45", "text": "on their chain."}, {"start": "00:27:45", "end": "00:27:50", "text": "So, if you have 90% of the stablecoin"}, {"start": "00:27:48", "end": "00:27:52", "text": "transaction volume from AI agents"}, {"start": "00:27:50", "end": "00:27:55", "text": "happening on your chain, it's because"}, {"start": "00:27:52", "end": "00:27:57", "text": "they put those AI agents"}, {"start": "00:27:55", "end": "00:27:59", "text": "on their chain to do stablecoin"}, {"start": "00:27:57", "end": "00:28:02", "text": "transactions."}, {"start": "00:27:59", "end": "00:28:04", "text": "And 99% of the transactions happening"}, {"start": "00:28:02", "end": "00:28:06", "text": "with with Circle Coin,"}, {"start": "00:28:04", "end": "00:28:09", "text": "do you know who created Circle Coin?"}, {"start": "00:28:06", "end": "00:28:09", "text": "It's Coinbase."}, {"start": "00:28:10", "end": "00:28:17", "text": "Beyond AI, Armstrong highlighted"}, {"start": "00:28:13", "end": "00:28:18", "text": "Coinbase's everything exchange strategy."}, {"start": "00:28:17", "end": "00:28:22", "text": "The company said derivatives trading"}, {"start": "00:28:18", "end": "00:28:23", "text": "rose 169% year over year"}, {"start": "00:28:22", "end": "00:28:26", "text": "while prediction markets reached more"}, {"start": "00:28:23", "end": "00:28:29", "text": "than 100 million in annualized revenue"}, {"start": "00:28:26", "end": "00:28:31", "text": "during March after two full months live."}, {"start": "00:28:29", "end": "00:28:33", "text": "Uh side note, to anyone out there and"}, {"start": "00:28:31", "end": "00:28:35", "text": "and I know you might might not want to"}, {"start": "00:28:33", "end": "00:28:38", "text": "hear this, I'm so sorry."}, {"start": "00:28:35", "end": "00:28:40", "text": "Um prediction markets are"}, {"start": "00:28:38", "end": "00:28:43", "text": "um"}, {"start": "00:28:40", "end": "00:28:44", "text": "let's just say don't use them if you"}, {"start": "00:28:43", "end": "00:28:46", "text": "don't have to."}, {"start": "00:28:44", "end": "00:28:48", "text": "The average person is is losing quite a"}, {"start": "00:28:46", "end": "00:28:50", "text": "bit of money"}, {"start": "00:28:48", "end": "00:28:52", "text": "on prediction markets and they're being"}, {"start": "00:28:50", "end": "00:28:54", "text": "told um"}, {"start": "00:28:52", "end": "00:28:57", "text": "that they will make money and the"}, {"start": "00:28:54", "end": "00:29:00", "text": "reality is it's the actual insiders who"}, {"start": "00:28:57", "end": "00:29:02", "text": "have the inside information"}, {"start": "00:29:00", "end": "00:29:04", "text": "uh who are making the money and other"}, {"start": "00:29:02", "end": "00:29:06", "text": "people are rapidly losing money. So, a"}, {"start": "00:29:04", "end": "00:29:12", "text": "lot of companies to try and get you to"}, {"start": "00:29:06", "end": "00:29:15", "text": "be enticed are announcing that they"}, {"start": "00:29:12", "end": "00:29:17", "text": "made a hundred million from prediction"}, {"start": "00:29:15", "end": "00:29:19", "text": "markets, but they're not talking about"}, {"start": "00:29:17", "end": "00:29:21", "text": "the actual like"}, {"start": "00:29:19", "end": "00:29:23", "text": "how much normal people made it's because"}, {"start": "00:29:21", "end": "00:29:26", "text": "they're not making money."}, {"start": "00:29:23", "end": "00:29:28", "text": "They said our thesis is simple. Crypto"}, {"start": "00:29:26", "end": "00:29:29", "text": "is the best form of money and the"}, {"start": "00:29:28", "end": "00:29:32", "text": "infrastructure will overhaul the"}, {"start": "00:29:29", "end": "00:29:35", "text": "existing financial system."}, {"start": "00:29:32", "end": "00:29:37", "text": "If it involves money, it will involve"}, {"start": "00:29:35", "end": "00:29:41", "text": "crypto."}, {"start": "00:29:37", "end": "00:29:44", "text": "They listed their three 2026 priorities,"}, {"start": "00:29:41", "end": "00:29:48", "text": "their everything exchange, stablecoins,"}, {"start": "00:29:44", "end": "00:29:50", "text": "and payments, and on-chain activity."}, {"start": "00:29:48", "end": "00:29:52", "text": "Armstrong's post tied those areas to"}, {"start": "00:29:50", "end": "00:29:55", "text": "Coinbase's broader view that financial"}, {"start": "00:29:52", "end": "00:29:59", "text": "services will increasingly move onto"}, {"start": "00:29:55", "end": "00:29:59", "text": "crypto infrastructure."}, {"start": "00:29:59", "end": "00:30:02", "text": "Cool."}, {"start": "00:30:01", "end": "00:30:04", "text": "I mean, that's that's like some of the"}, {"start": "00:30:02", "end": "00:30:05", "text": "coolest news that I've ever gotten. I"}, {"start": "00:30:04", "end": "00:30:08", "text": "don't know if any"}, {"start": "00:30:05", "end": "00:30:10", "text": "if if if if anyone else is um feeling"}, {"start": "00:30:08", "end": "00:30:12", "text": "the same. The idea of Coinbase's"}, {"start": "00:30:10", "end": "00:30:16", "text": "everything exchange as well as Coinbase"}, {"start": "00:30:12", "end": "00:30:19", "text": "is trying to mimic um"}, {"start": "00:30:16", "end": "00:30:22", "text": "dystopian uh Chinese companies"}, {"start": "00:30:19", "end": "00:30:25", "text": "who basically you're like you're able to"}, {"start": "00:30:22", "end": "00:30:29", "text": "do like everything in one place."}, {"start": "00:30:25", "end": "00:30:32", "text": "So, within the app you'd be able to um"}, {"start": "00:30:29", "end": "00:30:33", "text": "you know, make a doctor's appointment."}, {"start": "00:30:32", "end": "00:30:36", "text": "You'd be able to order groceries. You'd"}, {"start": "00:30:33", "end": "00:30:37", "text": "be able to send your friend money. You'd"}, {"start": "00:30:36", "end": "00:30:40", "text": "be able to text your friend. You'd be"}, {"start": "00:30:37", "end": "00:30:44", "text": "able to"}, {"start": "00:30:40", "end": "00:30:45", "text": "browse the web through their systems."}, {"start": "00:30:44", "end": "00:30:47", "text": "But the problem is that once again,"}, {"start": "00:30:45", "end": "00:30:48", "text": "everything is going through Coinbase."}, {"start": "00:30:47", "end": "00:30:50", "text": "So,"}, {"start": "00:30:48", "end": "00:30:53", "text": "everything"}, {"start": "00:30:50", "end": "00:30:55", "text": "you do would be monitored"}, {"start": "00:30:53", "end": "00:31:00", "text": "by this one company"}, {"start": "00:30:55", "end": "00:31:02", "text": "who would then send your information to"}, {"start": "00:31:00", "end": "00:31:05", "text": "um"}, {"start": "00:31:02", "end": "00:31:07", "text": "uh whoever wants it. Basically,"}, {"start": "00:31:05", "end": "00:31:10", "text": "whoever's like asking for it cuz that's"}, {"start": "00:31:07", "end": "00:31:12", "text": "usually what happens in many cases. So,"}, {"start": "00:31:10", "end": "00:31:13", "text": "just throwing it out there, you know, we"}, {"start": "00:31:12", "end": "00:31:15", "text": "uh"}, {"start": "00:31:13", "end": "00:31:17", "text": "not everything has to be hyper dystopian"}, {"start": "00:31:15", "end": "00:31:20", "text": "and"}, {"start": "00:31:17", "end": "00:31:21", "text": "uh-huh. So, cool."}, {"start": "00:31:20", "end": "00:31:24", "text": "Um"}, {"start": "00:31:21", "end": "00:31:26", "text": "apparently things are on the up and up"}, {"start": "00:31:24", "end": "00:31:29", "text": "for crypto."}, {"start": "00:31:26", "end": "00:31:33", "text": "I'm I'm I I think, you know, the the the"}, {"start": "00:31:29", "end": "00:31:35", "text": "18th of June, we should we should be"}, {"start": "00:31:33", "end": "00:31:36", "text": "pretty certain as to what's going to"}, {"start": "00:31:35", "end": "00:31:39", "text": "happen."}, {"start": "00:31:36", "end": "00:31:41", "text": "If you're unaware still, it's the 16th"}, {"start": "00:31:39", "end": "00:31:43", "text": "and 17th of June."}, {"start": "00:31:41", "end": "00:31:46", "text": "That's when we hear"}, {"start": "00:31:43", "end": "00:31:48", "text": "the yay, the nay, or the"}, {"start": "00:31:46", "end": "00:31:51", "text": "or the may."}, {"start": "00:31:48", "end": "00:31:53", "text": "I don't know. For what the Fed is going"}, {"start": "00:31:51", "end": "00:31:56", "text": "to do with interest rates. That'll be a"}, {"start": "00:31:53", "end": "00:31:59", "text": "clear sign if if prices will go up, if"}, {"start": "00:31:56", "end": "00:32:02", "text": "prices will go down, or prices will go"}, {"start": "00:31:59", "end": "00:32:05", "text": "sideways. So, yeah."}, {"start": "00:32:02", "end": "00:32:10", "text": "I think that's going to do it for this"}, {"start": "00:32:05", "end": "00:32:13", "text": "video, everyone. I do hope that you've"}, {"start": "00:32:10", "end": "00:32:14", "text": "all enjoyed."}, {"start": "00:32:13", "end": "00:32:16", "text": "I do hope that you all are having a"}, {"start": "00:32:14", "end": "00:32:18", "text": "great day, a great morning, a great"}, {"start": "00:32:16", "end": "00:32:20", "text": "afternoon, a great evening, wherever you"}, {"start": "00:32:18", "end": "00:32:23", "text": "are, wherever the heck you might be. I"}, {"start": "00:32:20", "end": "00:32:26", "text": "do hope that it is absolutely fantastic."}, {"start": "00:32:23", "end": "00:32:28", "text": "Thank you all once again for watching,"}, {"start": "00:32:26", "end": "00:32:30", "text": "listening, liking, commenting, and"}, {"start": "00:32:28", "end": "00:32:32", "text": "supporting, and I will"}, {"start": "00:32:30", "end": "00:32:35", "text": "most certainly be talking"}, {"start": "00:32:32", "end": "00:32:38", "text": "to you all soon."}, {"start": "00:32:35", "end": "00:32:38", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:11", "text": "Welcome back for another video."}, {"start": "00:00:08", "end": "00:00:15", "text": "Hope you're all doing well. Hope"}, {"start": "00:00:11", "end": "00:00:19", "text": "everyone out there is doing absolutely"}, {"start": "00:00:15", "end": "00:00:23", "text": "fantastic and that you're all having a"}, {"start": "00:00:19", "end": "00:00:28", "text": "great day. Don't forget to follow me on"}, {"start": "00:00:23", "end": "00:00:32", "text": "the Twits. There is a link in the"}, {"start": "00:00:28", "end": "00:00:35", "text": "description below the video. Very big"}, {"start": "00:00:32", "end": "00:00:41", "text": "thank you to my Patreon supporters Trent"}, {"start": "00:00:35", "end": "00:00:46", "text": "Jackson, Gilboa Snake, and Finley Bass."}, {"start": "00:00:41", "end": "00:00:50", "text": "A very big thank you for your patronage."}, {"start": "00:00:46", "end": "00:00:55", "text": "Yeah, without any further ado, uh let's"}, {"start": "00:00:50", "end": "00:00:58", "text": "jump right into it. You all know the"}, {"start": "00:00:55", "end": "00:01:02", "text": "deal. Expectations are very high for the"}, {"start": "00:00:58", "end": "00:01:07", "text": "cryptocurrency space. We are I mean it's"}, {"start": "00:01:02", "end": "00:01:09", "text": "it's it's kind of like a weird wave now"}, {"start": "00:01:07", "end": "00:01:11", "text": "within the crypto market just I mean all"}, {"start": "00:01:09", "end": "00:01:16", "text": "of it."}, {"start": "00:01:11", "end": "00:01:18", "text": "There's a lot of confusion,"}, {"start": "00:01:16", "end": "00:01:20", "text": "uncertainty"}, {"start": "00:01:18", "end": "00:01:24", "text": "as to where things are going to go or"}, {"start": "00:01:20", "end": "00:01:27", "text": "what's going to happen next. Luckily or"}, {"start": "00:01:24", "end": "00:01:30", "text": "unluckily for us in the next few weeks,"}, {"start": "00:01:27", "end": "00:01:32", "text": "we should know exactly what's going to"}, {"start": "00:01:30", "end": "00:01:35", "text": "happen to the market. I've explained"}, {"start": "00:01:32", "end": "00:01:38", "text": "many times."}, {"start": "00:01:35", "end": "00:01:43", "text": "I still think"}, {"start": "00:01:38", "end": "00:01:46", "text": "and I wouldn't mind if we are still in a"}, {"start": "00:01:43", "end": "00:01:49", "text": "4-year cycle as we were previously, but"}, {"start": "00:01:46", "end": "00:01:53", "text": "that of course is is not the most uh"}, {"start": "00:01:49", "end": "00:01:54", "text": "popular guesstimate right now. So within"}, {"start": "00:01:53", "end": "00:01:57", "text": "the next few weeks, by the middle of"}, {"start": "00:01:54", "end": "00:02:00", "text": "June, we should know if our market is"}, {"start": "00:01:57", "end": "00:02:04", "text": "going to trend sideways or if prices are"}, {"start": "00:02:00", "end": "00:02:07", "text": "going to go completely uh bananas. But"}, {"start": "00:02:04", "end": "00:02:09", "text": "in between all of that resides a huge"}, {"start": "00:02:07", "end": "00:02:12", "text": "amount of optimism."}, {"start": "00:02:09", "end": "00:02:15", "text": "Uh and I and I say this in in this way"}, {"start": "00:02:12", "end": "00:02:20", "text": "as well. uh a number of things are"}, {"start": "00:02:15", "end": "00:02:23", "text": "beginning to uh pop up that actually"}, {"start": "00:02:20", "end": "00:02:26", "text": "usually are precursors"}, {"start": "00:02:23", "end": "00:02:30", "text": "for like mega bull runs. There there are"}, {"start": "00:02:26", "end": "00:02:32", "text": "often signs and a lot of them are are"}, {"start": "00:02:30", "end": "00:02:33", "text": "happening. Uh"}, {"start": "00:02:32", "end": "00:02:38", "text": "and I'll give you one of them"}, {"start": "00:02:33", "end": "00:02:40", "text": "beforehand. Um a lot of altcoin news."}, {"start": "00:02:38", "end": "00:02:42", "text": "If you haven't been here before,"}, {"start": "00:02:40", "end": "00:02:47", "text": "especially during other cycles,"}, {"start": "00:02:42", "end": "00:02:49", "text": "Bitcoin usually tends to have like the"}, {"start": "00:02:47", "end": "00:02:52", "text": "lion's share of news. It's Bitcoin. It's"}, {"start": "00:02:49", "end": "00:02:55", "text": "the number one coin. So, if altcoins"}, {"start": "00:02:52", "end": "00:02:59", "text": "fall by 90% in price and Bitcoin goes"}, {"start": "00:02:55", "end": "00:03:02", "text": "down by 40 50%, then it's the winner in"}, {"start": "00:02:59", "end": "00:03:06", "text": "the room. And a lot of the news ends up"}, {"start": "00:03:02", "end": "00:03:08", "text": "being about Bitcoin adoption. However,"}, {"start": "00:03:06", "end": "00:03:12", "text": "at some point you do start hearing about"}, {"start": "00:03:08", "end": "00:03:15", "text": "this coin and that coin and this coin"}, {"start": "00:03:12", "end": "00:03:18", "text": "moving up faster. This usually shows"}, {"start": "00:03:15", "end": "00:03:23", "text": "usually shows retail interest has begun"}, {"start": "00:03:18", "end": "00:03:24", "text": "to uh creep back into the space"}, {"start": "00:03:23", "end": "00:03:28", "text": "tying"}, {"start": "00:03:24", "end": "00:03:31", "text": "directly not like adjacent. This is"}, {"start": "00:03:28", "end": "00:03:35", "text": "exactly what this is."}, {"start": "00:03:31", "end": "00:03:38", "text": "A lot of people are beginning to um"}, {"start": "00:03:35", "end": "00:03:42", "text": "announce uh airdrops"}, {"start": "00:03:38", "end": "00:03:42", "text": "and people are beginning to"}, {"start": "00:03:42", "end": "00:03:48", "text": "announce their you'll see it's is it's"}, {"start": "00:03:46", "end": "00:03:50", "text": "difficult to put into words but you'll"}, {"start": "00:03:48", "end": "00:03:54", "text": "you'll see exactly what I'm talking"}, {"start": "00:03:50", "end": "00:03:57", "text": "about. And this as well"}, {"start": "00:03:54", "end": "00:04:00", "text": "has to do with people re-entering the"}, {"start": "00:03:57", "end": "00:04:02", "text": "market. So, you know how sometimes once"}, {"start": "00:04:00", "end": "00:04:04", "text": "a season"}, {"start": "00:04:02", "end": "00:04:07", "text": "we'll talk about the the idea of like"}, {"start": "00:04:04", "end": "00:04:10", "text": "Google Trends? So, you can literally see"}, {"start": "00:04:07", "end": "00:04:12", "text": "what people are googling all the time."}, {"start": "00:04:10", "end": "00:04:16", "text": "And on Google Trends, you can see like"}, {"start": "00:04:12", "end": "00:04:18", "text": "what the most Googled things are. So,"}, {"start": "00:04:16", "end": "00:04:20", "text": "you'll know on any given day like people"}, {"start": "00:04:18", "end": "00:04:21", "text": "are really googling the word pancakes. A"}, {"start": "00:04:20", "end": "00:04:24", "text": "lot of people must be looking for"}, {"start": "00:04:21", "end": "00:04:26", "text": "pancakes or there'll be like a celebrity"}, {"start": "00:04:24", "end": "00:04:29", "text": "name or a lot of times you'll see like a"}, {"start": "00:04:26", "end": "00:04:33", "text": "huge spike in people searching for"}, {"start": "00:04:29", "end": "00:04:36", "text": "Bitcoin. It's it's always the same. How"}, {"start": "00:04:33", "end": "00:04:38", "text": "do I buy Bitcoin? How much money should"}, {"start": "00:04:36", "end": "00:04:40", "text": "I invest in Bitcoin? Is Bitcoin a good"}, {"start": "00:04:38", "end": "00:04:44", "text": "investment? It's always the same terms."}, {"start": "00:04:40", "end": "00:04:47", "text": "This is usually an indicator for people"}, {"start": "00:04:44", "end": "00:04:50", "text": "like the analysts inside of a market to"}, {"start": "00:04:47", "end": "00:04:54", "text": "say, \"Okay, retail interest is googling"}, {"start": "00:04:50", "end": "00:04:58", "text": "this. This money will then slosh over"}, {"start": "00:04:54", "end": "00:05:02", "text": "into the other altcoins.\" But then stuff"}, {"start": "00:04:58", "end": "00:05:04", "text": "like this ends up taking place."}, {"start": "00:05:02", "end": "00:05:08", "text": "It says, and I quote, or rather I don't"}, {"start": "00:05:04", "end": "00:05:12", "text": "have to quote, it says, \"A large scale"}, {"start": "00:05:08", "end": "00:05:15", "text": "yet technically primitive attack"}, {"start": "00:05:12", "end": "00:05:20", "text": "targeting the XRP ledger asset holders"}, {"start": "00:05:15", "end": "00:05:23", "text": "has erupted on social media, mainly on"}, {"start": "00:05:20", "end": "00:05:25", "text": "Twitter. XRPL"}, {"start": "00:05:23", "end": "00:05:29", "text": "full stack developer, his name is Andrew"}, {"start": "00:05:25", "end": "00:05:32", "text": "Spencer, exposed massive reporting"}, {"start": "00:05:29", "end": "00:05:36", "text": "notifications in which fake accounts tag"}, {"start": "00:05:32", "end": "00:05:40", "text": "users under posts about the launch of"}, {"start": "00:05:36", "end": "00:05:43", "text": "season one of a supposed 10 million"}, {"start": "00:05:40", "end": "00:05:44", "text": "Ripple US dollar stable coin"}, {"start": "00:05:43", "end": "00:05:47", "text": "distribution."}, {"start": "00:05:44", "end": "00:05:50", "text": "Yeah, this is your first swing around."}, {"start": "00:05:47", "end": "00:05:52", "text": "Here we go. and be happy that you're"}, {"start": "00:05:50", "end": "00:05:55", "text": "hearing this before we have any"}, {"start": "00:05:52", "end": "00:05:58", "text": "potential massive bull run. It works a"}, {"start": "00:05:55", "end": "00:06:00", "text": "little something like this."}, {"start": "00:05:58", "end": "00:06:02", "text": "Cryptocurrency has a lull period. We"}, {"start": "00:06:00", "end": "00:06:04", "text": "have investors, but they kind of are"}, {"start": "00:06:02", "end": "00:06:08", "text": "like the base level investors who are"}, {"start": "00:06:04", "end": "00:06:12", "text": "always here, always stacking. Got it."}, {"start": "00:06:08", "end": "00:06:14", "text": "People start googling, how do I buy XRP?"}, {"start": "00:06:12", "end": "00:06:17", "text": "Is XRP a good investment? Should I get"}, {"start": "00:06:14", "end": "00:06:20", "text": "into XRP? people start looking at the"}, {"start": "00:06:17", "end": "00:06:22", "text": "Google trends and they see there's a 35%"}, {"start": "00:06:20", "end": "00:06:24", "text": "spike. That's a pretty significant"}, {"start": "00:06:22", "end": "00:06:27", "text": "amount of people who are now searching"}, {"start": "00:06:24", "end": "00:06:31", "text": "for terms revolving around XRP. People"}, {"start": "00:06:27", "end": "00:06:34", "text": "can see on Twitter that XRP and Bitcoin"}, {"start": "00:06:31", "end": "00:06:36", "text": "are trending. They also look at the news"}, {"start": "00:06:34", "end": "00:06:41", "text": "that we've been getting. Prices are"}, {"start": "00:06:36", "end": "00:06:43", "text": "expected to 3 4 5 6 7 8 9 10x the end of"}, {"start": "00:06:41", "end": "00:06:46", "text": "2026."}, {"start": "00:06:43", "end": "00:06:48", "text": "So what they used to do and that they"}, {"start": "00:06:46", "end": "00:06:50", "text": "probably still do and are probably going"}, {"start": "00:06:48", "end": "00:06:52", "text": "to do again is that people would release"}, {"start": "00:06:50", "end": "00:06:55", "text": "information on YouTube. Somebody would"}, {"start": "00:06:52", "end": "00:06:58", "text": "make a video. It would be an old video"}, {"start": "00:06:55", "end": "00:07:02", "text": "of people from Ripple sitting on a stage"}, {"start": "00:06:58", "end": "00:07:04", "text": "discussing life and things like that."}, {"start": "00:07:02", "end": "00:07:06", "text": "And in the video on the side on the"}, {"start": "00:07:04", "end": "00:07:08", "text": "actual like chat like people are"}, {"start": "00:07:06", "end": "00:07:12", "text": "messaging on the side uh there would be"}, {"start": "00:07:08", "end": "00:07:15", "text": "someone who would say send your XRP to"}, {"start": "00:07:12", "end": "00:07:17", "text": "this wallet address. For every one XRP"}, {"start": "00:07:15", "end": "00:07:20", "text": "that you send us we will send you back"}, {"start": "00:07:17", "end": "00:07:22", "text": "10."}, {"start": "00:07:20", "end": "00:07:25", "text": "Now if you've been alive for for longer"}, {"start": "00:07:22", "end": "00:07:28", "text": "than 4 days this is clearly a scam."}, {"start": "00:07:25", "end": "00:07:30", "text": "However there are a lot of people who"}, {"start": "00:07:28", "end": "00:07:32", "text": "don't know that. So then other people"}, {"start": "00:07:30", "end": "00:07:35", "text": "will begin messaging, \"OMG, I can't"}, {"start": "00:07:32", "end": "00:07:39", "text": "believe it. I got my free XRP. They sent"}, {"start": "00:07:35", "end": "00:07:41", "text": "me a thousand. Thanks guys.\""}, {"start": "00:07:39", "end": "00:07:43", "text": "Other people, real people will then"}, {"start": "00:07:41", "end": "00:07:45", "text": "start sending the It sounds crazy, but"}, {"start": "00:07:43", "end": "00:07:48", "text": "this is how it works, will start sending"}, {"start": "00:07:45", "end": "00:07:50", "text": "their XRP to that wallet address. and"}, {"start": "00:07:48", "end": "00:07:54", "text": "years ago they were they were making out"}, {"start": "00:07:50", "end": "00:07:58", "text": "with like millions of dollars from these"}, {"start": "00:07:54", "end": "00:08:00", "text": "very ridiculous scams that people for"}, {"start": "00:07:58", "end": "00:08:04", "text": "some reason didn't know was a scam. So"}, {"start": "00:08:00", "end": "00:08:08", "text": "around 2019 2020 I made a video"}, {"start": "00:08:04", "end": "00:08:10", "text": "discussing a part of this as well and I"}, {"start": "00:08:08", "end": "00:08:13", "text": "told everyone I said have you ever"}, {"start": "00:08:10", "end": "00:08:14", "text": "walked down the street and a random"}, {"start": "00:08:13", "end": "00:08:17", "text": "person was like hey you got a hundred"}, {"start": "00:08:14", "end": "00:08:21", "text": "bucks on you and then you handed them"}, {"start": "00:08:17", "end": "00:08:24", "text": "$100 and they handed you back $10,000."}, {"start": "00:08:21", "end": "00:08:28", "text": "The answer is no. That's not how life"}, {"start": "00:08:24", "end": "00:08:30", "text": "works. So why why would that ever be a"}, {"start": "00:08:28", "end": "00:08:34", "text": "thing on YouTube? who's who's showering"}, {"start": "00:08:30", "end": "00:08:38", "text": "you with all this kind of money? And uh"}, {"start": "00:08:34", "end": "00:08:42", "text": "since Ripple is working on creating,"}, {"start": "00:08:38", "end": "00:08:44", "text": "minting, having more of their uh stable"}, {"start": "00:08:42", "end": "00:08:48", "text": "coin enter the news just about every"}, {"start": "00:08:44", "end": "00:08:50", "text": "single week. People were posting"}, {"start": "00:08:48", "end": "00:08:52", "text": "that Ripple's, this also happened about"}, {"start": "00:08:50", "end": "00:08:54", "text": "a month or two ago, that Ripple is"}, {"start": "00:08:52", "end": "00:08:58", "text": "giving away a bunch of of their stable"}, {"start": "00:08:54", "end": "00:09:00", "text": "coin to the most dedicated users and"}, {"start": "00:08:58", "end": "00:09:04", "text": "then people start sending these accounts"}, {"start": "00:09:00", "end": "00:09:07", "text": "their money. I"}, {"start": "00:09:04", "end": "00:09:10", "text": "I haven't figured out why,"}, {"start": "00:09:07", "end": "00:09:13", "text": "but uh for the for the for the goodness"}, {"start": "00:09:10", "end": "00:09:17", "text": "of everything, uh please don't. Someone"}, {"start": "00:09:13", "end": "00:09:21", "text": "posted on Twitter. It says, \"Scam alert."}, {"start": "00:09:17", "end": "00:09:23", "text": "There is no Zamom Wallet Foundation."}, {"start": "00:09:21", "end": "00:09:26", "text": "Magnetic is not airdropping Ethereum."}, {"start": "00:09:23", "end": "00:09:29", "text": "The official XRP ledger Foundation is at"}, {"start": "00:09:26", "end": "00:09:31", "text": "XRPLF."}, {"start": "00:09:29", "end": "00:09:34", "text": "Always do your own research.\" And then"}, {"start": "00:09:31", "end": "00:09:38", "text": "they had a a picture of whatever they"}, {"start": "00:09:34", "end": "00:09:41", "text": "have a a picture of. So yeah, just"}, {"start": "00:09:38", "end": "00:09:43", "text": "another uh public service announcement"}, {"start": "00:09:41", "end": "00:09:47", "text": "as"}, {"start": "00:09:43", "end": "00:09:50", "text": "if the cryptocurrency market does indeed"}, {"start": "00:09:47", "end": "00:09:53", "text": "double, triple, quadruple,"}, {"start": "00:09:50", "end": "00:09:55", "text": "fiveuple, I don't know what the word is"}, {"start": "00:09:53", "end": "00:10:00", "text": "in price over the course of these years."}, {"start": "00:09:55", "end": "00:10:03", "text": "These become very very very"}, {"start": "00:10:00", "end": "00:10:04", "text": "common scams and a lot of times people"}, {"start": "00:10:03", "end": "00:10:06", "text": "think that they won't get tricked by"}, {"start": "00:10:04", "end": "00:10:07", "text": "them and then they end up getting"}, {"start": "00:10:06", "end": "00:10:09", "text": "tricked by them and then they make a"}, {"start": "00:10:07", "end": "00:10:11", "text": "long YouTube video talking about how"}, {"start": "00:10:09", "end": "00:10:16", "text": "they got tricked by them. If it seems"}, {"start": "00:10:11", "end": "00:10:19", "text": "too good to be true, it probably is. Do"}, {"start": "00:10:16", "end": "00:10:22", "text": "not send. Why? Why? It doesn't make any"}, {"start": "00:10:19", "end": "00:10:26", "text": "sense. You This isn't how the world"}, {"start": "00:10:22", "end": "00:10:28", "text": "works. No one's like, \"Hey, I really I"}, {"start": "00:10:26", "end": "00:10:30", "text": "really like the house that you live in."}, {"start": "00:10:28", "end": "00:10:33", "text": "Can I have it and I'll give you 10 more"}, {"start": "00:10:30", "end": "00:10:35", "text": "houses?\" You're like, \"Yeah, of course."}, {"start": "00:10:33", "end": "00:10:38", "text": "Of course. I'll I'll sign the contract"}, {"start": "00:10:35", "end": "00:10:41", "text": "for that one.\""}, {"start": "00:10:38", "end": "00:10:43", "text": "Please be aware that these pop up a lot"}, {"start": "00:10:41", "end": "00:10:46", "text": "more as the market goes higher. So,"}, {"start": "00:10:43", "end": "00:10:49", "text": "please do your own due diligence."}, {"start": "00:10:46", "end": "00:10:53", "text": "Oy doy."}, {"start": "00:10:49", "end": "00:10:53", "text": "Let's move on."}, {"start": "00:10:53", "end": "00:10:58", "text": "So, here's a bit of a conundrum, but"}, {"start": "00:10:55", "end": "00:11:02", "text": "it's not really. I haven't figured out"}, {"start": "00:10:58", "end": "00:11:05", "text": "what this is, but okay. So,"}, {"start": "00:11:02", "end": "00:11:08", "text": "basically, um, Micro Strategy two or"}, {"start": "00:11:05", "end": "00:11:10", "text": "three weeks ago, it's been about two or"}, {"start": "00:11:08", "end": "00:11:13", "text": "three weeks at this point, announced"}, {"start": "00:11:10", "end": "00:11:17", "text": "that they were thinking of selling some,"}, {"start": "00:11:13", "end": "00:11:18", "text": "uh, Bitcoin. If you missed it, Micro"}, {"start": "00:11:17", "end": "00:11:20", "text": "Strategy announced they were thinking of"}, {"start": "00:11:18", "end": "00:11:23", "text": "selling some of their Bitcoin without"}, {"start": "00:11:20", "end": "00:11:25", "text": "having to go too deep into it. A uh"}, {"start": "00:11:23", "end": "00:11:28", "text": "Micro Strategy and Micro Sailor said"}, {"start": "00:11:25", "end": "00:11:30", "text": "they would"}, {"start": "00:11:28", "end": "00:11:34", "text": "never"}, {"start": "00:11:30", "end": "00:11:36", "text": "ever sell any Bitcoin. Uh B, when they"}, {"start": "00:11:34", "end": "00:11:39", "text": "did announce that they might have to"}, {"start": "00:11:36", "end": "00:11:42", "text": "sell some, obviously people weren't too"}, {"start": "00:11:39", "end": "00:11:45", "text": "happy with that kind of news. So, I"}, {"start": "00:11:42", "end": "00:11:48", "text": "figured mentally that one of two things"}, {"start": "00:11:45", "end": "00:11:50", "text": "was actually going to happen. Uh, they"}, {"start": "00:11:48", "end": "00:11:52", "text": "were either going to sell Bitcoin or"}, {"start": "00:11:50", "end": "00:11:54", "text": "they were not going to sell Bitcoin. I"}, {"start": "00:11:52", "end": "00:11:57", "text": "know that sounds nonsensical, but those"}, {"start": "00:11:54", "end": "00:11:59", "text": "are kind of the only uh two generalized"}, {"start": "00:11:57", "end": "00:12:02", "text": "options. Um, even I think a day or two"}, {"start": "00:11:59", "end": "00:12:05", "text": "after uh that information hit the fan"}, {"start": "00:12:02", "end": "00:12:07", "text": "because people were like, \"Dude, you"}, {"start": "00:12:05", "end": "00:12:09", "text": "guys have 800,000 Bitcoin. What are you"}, {"start": "00:12:07", "end": "00:12:11", "text": "talking about selling it?\""}, {"start": "00:12:09", "end": "00:12:14", "text": "uh they they came up with this really"}, {"start": "00:12:11", "end": "00:12:16", "text": "weird answer"}, {"start": "00:12:14", "end": "00:12:19", "text": "similar you remember was it last year or"}, {"start": "00:12:16", "end": "00:12:21", "text": "the year before"}, {"start": "00:12:19", "end": "00:12:24", "text": "Michael Sailor said that Bitcoin was"}, {"start": "00:12:21", "end": "00:12:26", "text": "boring and then of course there was a"}, {"start": "00:12:24", "end": "00:12:28", "text": "lot of backlash and then the next day he"}, {"start": "00:12:26", "end": "00:12:32", "text": "announced like oh no no I didn't you"}, {"start": "00:12:28", "end": "00:12:34", "text": "thought I said Bitcoin I said Mitt Roy"}, {"start": "00:12:32", "end": "00:12:37", "text": "is is boring I wasn't talking about"}, {"start": "00:12:34", "end": "00:12:39", "text": "Bitcoin and I was like okay um he also"}, {"start": "00:12:37", "end": "00:12:41", "text": "had another thing where He uh I mean you"}, {"start": "00:12:39", "end": "00:12:44", "text": "can find like you can Google all of"}, {"start": "00:12:41", "end": "00:12:47", "text": "this. This is real. He said that anyone"}, {"start": "00:12:44", "end": "00:12:49", "text": "who didn't trust their Bitcoin with a"}, {"start": "00:12:47", "end": "00:12:53", "text": "bank was"}, {"start": "00:12:49", "end": "00:12:55", "text": "word some some kind of not nice word. I"}, {"start": "00:12:53", "end": "00:12:57", "text": "I I I don't know if it was loser. I"}, {"start": "00:12:55", "end": "00:12:59", "text": "don't remember what he said. And people"}, {"start": "00:12:57", "end": "00:13:02", "text": "were like dude like you the whole point"}, {"start": "00:12:59", "end": "00:13:05", "text": "of Bitcoin is not to have to use banks."}, {"start": "00:13:02", "end": "00:13:07", "text": "And then the next day he announced that"}, {"start": "00:13:05", "end": "00:13:10", "text": "Micro Strategy was trying to become a"}, {"start": "00:13:07", "end": "00:13:12", "text": "Bitcoin bank."}, {"start": "00:13:10", "end": "00:13:13", "text": "Uh-huh. And then the day after that when"}, {"start": "00:13:12", "end": "00:13:17", "text": "there was more backlash, he was like,"}, {"start": "00:13:13", "end": "00:13:19", "text": "\"Oh, no. We didn't I said crank you. You"}, {"start": "00:13:17", "end": "00:13:21", "text": "you you got to crank that Soulja Boy"}, {"start": "00:13:19", "end": "00:13:22", "text": "because that's how you get more"}, {"start": "00:13:21", "end": "00:13:24", "text": "Bitcoin.\""}, {"start": "00:13:22", "end": "00:13:28", "text": "These sound like jokes, but this is"}, {"start": "00:13:24", "end": "00:13:30", "text": "literally what happened. So, in the"}, {"start": "00:13:28", "end": "00:13:33", "text": "other part of it, um, after they"}, {"start": "00:13:30", "end": "00:13:35", "text": "announced they would never sell any"}, {"start": "00:13:33", "end": "00:13:38", "text": "Bitcoin, that they're trying to get to a"}, {"start": "00:13:35", "end": "00:13:41", "text": "million Bitcoin, and the public"}, {"start": "00:13:38", "end": "00:13:44", "text": "basically realizing that they have hyper"}, {"start": "00:13:41", "end": "00:13:49", "text": "overextended themselves because Micro"}, {"start": "00:13:44", "end": "00:13:52", "text": "Strategy has a a near 12% dividend on"}, {"start": "00:13:49", "end": "00:13:54", "text": "their stock that they cannot keep up"}, {"start": "00:13:52", "end": "00:13:57", "text": "with."}, {"start": "00:13:54", "end": "00:14:00", "text": "They can't. It's a monthly dividend."}, {"start": "00:13:57", "end": "00:14:02", "text": "They can't keep up with it. Micro"}, {"start": "00:14:00", "end": "00:14:04", "text": "Strategy has announced, this was like a"}, {"start": "00:14:02", "end": "00:14:07", "text": "day or two ago, that they have"}, {"start": "00:14:04", "end": "00:14:10", "text": "dramatically increased their purchases"}, {"start": "00:14:07", "end": "00:14:12", "text": "of Bitcoin. What? That's crazy. How"}, {"start": "00:14:10", "end": "00:14:17", "text": "could How could that have been a thing"}, {"start": "00:14:12", "end": "00:14:21", "text": "over the past week, acquiring $2 billion"}, {"start": "00:14:17", "end": "00:14:24", "text": "worth of the largest cryptocurrency?"}, {"start": "00:14:21", "end": "00:14:25", "text": "It's not It's not possible for me to"}, {"start": "00:14:24", "end": "00:14:28", "text": "suck my teeth or roll my eyes any"}, {"start": "00:14:25", "end": "00:14:31", "text": "further than I could have possibly done."}, {"start": "00:14:28", "end": "00:14:34", "text": "Was this all a trick? Was this all a"}, {"start": "00:14:31", "end": "00:14:37", "text": "lie? Were they ever planning on selling"}, {"start": "00:14:34", "end": "00:14:38", "text": "Bitcoin? Were they trying to get the"}, {"start": "00:14:37", "end": "00:14:41", "text": "price of Bitcoin to go down by"}, {"start": "00:14:38", "end": "00:14:44", "text": "announcing that they would be selling"}, {"start": "00:14:41", "end": "00:14:46", "text": "some so that they could purchase more?"}, {"start": "00:14:44", "end": "00:14:49", "text": "That's the um that's the grand old"}, {"start": "00:14:46", "end": "00:14:52", "text": "question because"}, {"start": "00:14:49", "end": "00:14:54", "text": "no one would purchase $2 billion more"}, {"start": "00:14:52", "end": "00:14:58", "text": "worth of something after you just said"}, {"start": "00:14:54", "end": "00:14:58", "text": "you got to sell."}, {"start": "00:14:58", "end": "00:15:03", "text": "The company"}, {"start": "00:15:00", "end": "00:15:07", "text": "led by executive chairman Michael Sailor"}, {"start": "00:15:03", "end": "00:15:10", "text": "bought 24,869"}, {"start": "00:15:07", "end": "00:15:14", "text": "BTC at an average price of almost"}, {"start": "00:15:10", "end": "00:15:17", "text": "$81,000 per coin. The purchases over the"}, {"start": "00:15:14", "end": "00:15:20", "text": "past week were made with Bitcoin trading"}, {"start": "00:15:17", "end": "00:15:23", "text": "at a multi-month high. In recent days,"}, {"start": "00:15:20", "end": "00:15:26", "text": "Bitcoin's price has slumped amid a a"}, {"start": "00:15:23", "end": "00:15:28", "text": "selloff in risk assets such as"}, {"start": "00:15:26", "end": "00:15:30", "text": "crypto."}, {"start": "00:15:28", "end": "00:15:33", "text": "If you haven't seen, as I mentioned"}, {"start": "00:15:30", "end": "00:15:35", "text": "before in two other videos,"}, {"start": "00:15:33", "end": "00:15:38", "text": "we're currently in a very uncertain"}, {"start": "00:15:35", "end": "00:15:45", "text": "time. Uh it it's it's actually something"}, {"start": "00:15:38", "end": "00:15:48", "text": "very simple. Um we don't know if things"}, {"start": "00:15:45", "end": "00:15:50", "text": "are about to implode."}, {"start": "00:15:48", "end": "00:15:54", "text": "Yeah, it's quite simple. So, other world"}, {"start": "00:15:50", "end": "00:15:56", "text": "economies uh aren't doing good at all."}, {"start": "00:15:54", "end": "00:15:58", "text": "Not like slightly, like it's bad."}, {"start": "00:15:56", "end": "00:16:01", "text": "Inflation around the world is reaching"}, {"start": "00:15:58", "end": "00:16:04", "text": "like record all-time highs. I'm not"}, {"start": "00:16:01", "end": "00:16:07", "text": "talking about 3.8%."}, {"start": "00:16:04", "end": "00:16:10", "text": "Even in the US, it's between 25 to 50%"}, {"start": "00:16:07", "end": "00:16:12", "text": "year on year. That rent is going up,"}, {"start": "00:16:10", "end": "00:16:16", "text": "groceries are going up, health insurance"}, {"start": "00:16:12", "end": "00:16:21", "text": "premiums are going up. It's everywhere."}, {"start": "00:16:16", "end": "00:16:24", "text": "So, we are at the the moment in history"}, {"start": "00:16:21", "end": "00:16:27", "text": "where we're going to find out if the Fed"}, {"start": "00:16:24", "end": "00:16:29", "text": "is lowering, keeping the same, or"}, {"start": "00:16:27", "end": "00:16:31", "text": "raising interest rates. Raising interest"}, {"start": "00:16:29", "end": "00:16:32", "text": "rates apparently is on the table because"}, {"start": "00:16:31", "end": "00:16:36", "text": "analysts keep saying that raising"}, {"start": "00:16:32", "end": "00:16:41", "text": "interest rates are are now on the actual"}, {"start": "00:16:36", "end": "00:16:43", "text": "uh table. So in the midst of all of this"}, {"start": "00:16:41", "end": "00:16:46", "text": "literal chaos,"}, {"start": "00:16:43", "end": "00:16:50", "text": "literal chaos with all these world"}, {"start": "00:16:46", "end": "00:16:54", "text": "events happening around it as well."}, {"start": "00:16:50", "end": "00:16:57", "text": "Crypto analysts are doubling down."}, {"start": "00:16:54", "end": "00:17:00", "text": "Bitcoin's going to $255,000"}, {"start": "00:16:57", "end": "00:17:02", "text": "by the end of this year. Uh people are"}, {"start": "00:17:00", "end": "00:17:05", "text": "already announcing that they think the"}, {"start": "00:17:02", "end": "00:17:09", "text": "Clarity Act is going to be passed. I"}, {"start": "00:17:05", "end": "00:17:12", "text": "have taught myself to be more"}, {"start": "00:17:09", "end": "00:17:14", "text": "cautious with such things. When it"}, {"start": "00:17:12", "end": "00:17:16", "text": "happens, it happens. That's the kind of"}, {"start": "00:17:14", "end": "00:17:19", "text": "motto that I run by because otherwise"}, {"start": "00:17:16", "end": "00:17:21", "text": "it's just, you know, wishing and hoping"}, {"start": "00:17:19", "end": "00:17:23", "text": "and praying and finger crossing, but"}, {"start": "00:17:21", "end": "00:17:26", "text": "everyone keeps saying the exact same"}, {"start": "00:17:23", "end": "00:17:28", "text": "thing about the cryptocurrency market."}, {"start": "00:17:26", "end": "00:17:31", "text": "Still,"}, {"start": "00:17:28", "end": "00:17:34", "text": "the latest acquisition brings Micro"}, {"start": "00:17:31", "end": "00:17:37", "text": "Strategies Total Holdings. They have"}, {"start": "00:17:34", "end": "00:17:37", "text": "843,738"}, {"start": "00:17:40", "end": "00:17:44", "text": "bitcoin"}, {"start": "00:17:42", "end": "00:17:49", "text": "purchased for a total of 64"}, {"start": "00:17:44", "end": "00:17:52", "text": "billion US dollars."}, {"start": "00:17:49", "end": "00:17:55", "text": "Yeah. So I"}, {"start": "00:17:52", "end": "00:17:58", "text": "we'll see what happens. Um I I think the"}, {"start": "00:17:55", "end": "00:18:02", "text": "timing is a bit odd. I think announcing"}, {"start": "00:17:58", "end": "00:18:06", "text": "something like that and then um we we've"}, {"start": "00:18:02", "end": "00:18:09", "text": "had multiple about faces from Micro"}, {"start": "00:18:06", "end": "00:18:12", "text": "Strategy over the years. I don't think I"}, {"start": "00:18:09", "end": "00:18:13", "text": "know some of you probably care, but it's"}, {"start": "00:18:12", "end": "00:18:17", "text": "kind of like that like Robert Kiasaki"}, {"start": "00:18:13", "end": "00:18:19", "text": "thing where he just keeps saying uh that"}, {"start": "00:18:17", "end": "00:18:21", "text": "everything's going to implode and has"}, {"start": "00:18:19", "end": "00:18:24", "text": "been saying it since like 2012."}, {"start": "00:18:21", "end": "00:18:26", "text": "This is I I you know and then and then"}, {"start": "00:18:24", "end": "00:18:29", "text": "people subsequently love him even though"}, {"start": "00:18:26", "end": "00:18:31", "text": "his rich dad didn't exist. I think"}, {"start": "00:18:29", "end": "00:18:34", "text": "that's kind of what happens for Micro"}, {"start": "00:18:31", "end": "00:18:36", "text": "Strategy. They they own so much Bitcoin."}, {"start": "00:18:34", "end": "00:18:38", "text": "People have placed them on the shoulders"}, {"start": "00:18:36", "end": "00:18:39", "text": "of the market and they're like these"}, {"start": "00:18:38", "end": "00:18:42", "text": "people are going to get us to a million"}, {"start": "00:18:39", "end": "00:18:44", "text": "dollar Bitcoin. We don't need companies."}, {"start": "00:18:42", "end": "00:18:47", "text": "We need ourselves. Companies and"}, {"start": "00:18:44", "end": "00:18:49", "text": "institutions and Wall Street is what got"}, {"start": "00:18:47", "end": "00:18:51", "text": "us into like that's why Bitcoin was"}, {"start": "00:18:49", "end": "00:18:57", "text": "created. It's because of their actions."}, {"start": "00:18:51", "end": "00:19:01", "text": "So yeah, you know, anywh who that's the"}, {"start": "00:18:57", "end": "00:19:04", "text": "micro strategy news. Crazy. I I couldn't"}, {"start": "00:19:01", "end": "00:19:06", "text": "have imagined another about face. Could"}, {"start": "00:19:04", "end": "00:19:11", "text": "could you have? Probably cuz that's"}, {"start": "00:19:06", "end": "00:19:14", "text": "that's what keeps happening. Okay,"}, {"start": "00:19:11", "end": "00:19:14", "text": "let's move on."}, {"start": "00:19:16", "end": "00:19:22", "text": "Also, yeah, in the news as well,"}, {"start": "00:19:18", "end": "00:19:24", "text": "Metaplanet is back. Uh, Metaplanet is is"}, {"start": "00:19:22", "end": "00:19:27", "text": "trying to"}, {"start": "00:19:24", "end": "00:19:28", "text": "reach the old glory days. I don't know."}, {"start": "00:19:27", "end": "00:19:30", "text": "Metaplanet, if you you you should all"}, {"start": "00:19:28", "end": "00:19:33", "text": "know MetaPlanet. Metaplanet is this"}, {"start": "00:19:30", "end": "00:19:35", "text": "company in I almost said in Japanese."}, {"start": "00:19:33", "end": "00:19:38", "text": "Geez Louise. Metaplanet is this company"}, {"start": "00:19:35", "end": "00:19:42", "text": "in Japan who uh started buying huge"}, {"start": "00:19:38", "end": "00:19:44", "text": "amounts of Bitcoin last year."}, {"start": "00:19:42", "end": "00:19:49", "text": "Last year sounds correct. uh their"}, {"start": "00:19:44", "end": "00:19:50", "text": "ambitions grew to the size of 8,000"}, {"start": "00:19:49", "end": "00:19:54", "text": "elephants where they announced that they"}, {"start": "00:19:50", "end": "00:19:57", "text": "wanted a,000 Bitcoin. That thousand then"}, {"start": "00:19:54", "end": "00:20:01", "text": "became uh 10,000."}, {"start": "00:19:57", "end": "00:20:06", "text": "That 10,000 is supposed"}, {"start": "00:20:01", "end": "00:20:08", "text": "to be them having 100,000 Bitcoin by the"}, {"start": "00:20:06", "end": "00:20:11", "text": "end of this year and then subsequently"}, {"start": "00:20:08", "end": "00:20:16", "text": "by the end of 2027."}, {"start": "00:20:11", "end": "00:20:19", "text": "Um, Metaplanet wants uh 210,000"}, {"start": "00:20:16", "end": "00:20:22", "text": "Bitcoin. So, they were in the news"}, {"start": "00:20:19", "end": "00:20:24", "text": "weekly for a while. There was like a a"}, {"start": "00:20:22", "end": "00:20:27", "text": "dip in price. Was it February, March,"}, {"start": "00:20:24", "end": "00:20:30", "text": "somewhere around there and then and then"}, {"start": "00:20:27", "end": "00:20:33", "text": "we kind of didn't didn't hear from them."}, {"start": "00:20:30", "end": "00:20:36", "text": "So, they're back in the news once again."}, {"start": "00:20:33", "end": "00:20:40", "text": "Japanbased Metaplanet"}, {"start": "00:20:36", "end": "00:20:43", "text": "has advanced its leveraged BA balance"}, {"start": "00:20:40", "end": "00:20:45", "text": "strategy. Uh oh, English gez Louise."}, {"start": "00:20:43", "end": "00:20:48", "text": "Taking a fresh step in its Bitcoin"}, {"start": "00:20:45", "end": "00:20:50", "text": "accumulation efforts, the Tokyo Stock"}, {"start": "00:20:48", "end": "00:20:52", "text": "Exchange listed company, which stands as"}, {"start": "00:20:50", "end": "00:20:55", "text": "the largest institutional holder of"}, {"start": "00:20:52", "end": "00:21:02", "text": "Bitcoin in the country, has issued a"}, {"start": "00:20:55", "end": "00:21:07", "text": "zerointerest bond worth approximately 50"}, {"start": "00:21:02", "end": "00:21:11", "text": "million US. It says 8 billion yen. Gez"}, {"start": "00:21:07", "end": "00:21:14", "text": "loies. The the yen is yen's not doing"}, {"start": "00:21:11", "end": "00:21:18", "text": "too well. It says in its announcement,"}, {"start": "00:21:14", "end": "00:21:20", "text": "MetaPlanet stated, \"Our new bond issue"}, {"start": "00:21:18", "end": "00:21:22", "text": "was fully subscribed by global"}, {"start": "00:21:20", "end": "00:21:24", "text": "institutional investors. We will"}, {"start": "00:21:22", "end": "00:21:27", "text": "continue to strengthen our Bitcoin"}, {"start": "00:21:24", "end": "00:21:30", "text": "portfolio with determination despite"}, {"start": "00:21:27", "end": "00:21:32", "text": "market volatility.\" End quote. Yeah, I"}, {"start": "00:21:30", "end": "00:21:34", "text": "assume they they slowed it down a bit"}, {"start": "00:21:32", "end": "00:21:36", "text": "when they started losing billions of"}, {"start": "00:21:34", "end": "00:21:40", "text": "dollars. That was the if you didn't see"}, {"start": "00:21:36", "end": "00:21:42", "text": "uh that was why Micro Strategy was like,"}, {"start": "00:21:40", "end": "00:21:45", "text": "\"Yeah, we might sell some.\" It's cuz"}, {"start": "00:21:42", "end": "00:21:48", "text": "they have like they have such huge"}, {"start": "00:21:45", "end": "00:21:49", "text": "amounts of Bitcoin now. If the price"}, {"start": "00:21:48", "end": "00:21:52", "text": "goes down, they literally lose billions"}, {"start": "00:21:49", "end": "00:21:53", "text": "of dollars. You know what it's like"}, {"start": "00:21:52", "end": "00:21:55", "text": "losing like a like when you lose like 20"}, {"start": "00:21:53", "end": "00:21:57", "text": "bucks from your pocket, like it ruins"}, {"start": "00:21:55", "end": "00:21:59", "text": "your day. Imagine losing like a"}, {"start": "00:21:57", "end": "00:22:02", "text": "$100,000. You're not like you're not"}, {"start": "00:21:59", "end": "00:22:04", "text": "going to have a good time. Imagine"}, {"start": "00:22:02", "end": "00:22:07", "text": "prices go down on an asset you have and"}, {"start": "00:22:04", "end": "00:22:10", "text": "you lose like"}, {"start": "00:22:07", "end": "00:22:13", "text": "900 million$ 1.5 billion dollars. You"}, {"start": "00:22:10", "end": "00:22:16", "text": "are not going to be doing well."}, {"start": "00:22:13", "end": "00:22:19", "text": "Investors in markets are keeping a close"}, {"start": "00:22:16", "end": "00:22:21", "text": "eye on the company's leading role in the"}, {"start": "00:22:19", "end": "00:22:24", "text": "Bitcoin sector, its bold financial"}, {"start": "00:22:21", "end": "00:22:26", "text": "performance, and appetite for risk."}, {"start": "00:22:24", "end": "00:22:28", "text": "Experts warned that this approach could"}, {"start": "00:22:26", "end": "00:22:30", "text": "have significant implications both for"}, {"start": "00:22:28", "end": "00:22:34", "text": "MetaPlanet and the wider crypto"}, {"start": "00:22:30", "end": "00:22:40", "text": "ecosystem in the medium to long term. Uh"}, {"start": "00:22:34", "end": "00:22:42", "text": "this is another company who um they take"}, {"start": "00:22:40", "end": "00:22:44", "text": "that is Thunder and Lightning. Oh, I"}, {"start": "00:22:42", "end": "00:22:46", "text": "kind of like it."}, {"start": "00:22:44", "end": "00:22:48", "text": "You ever like are you ever at home and"}, {"start": "00:22:46", "end": "00:22:50", "text": "then you hear thunder and lightning like"}, {"start": "00:22:48", "end": "00:22:52", "text": "it gives you an excuse to stay home? Oh,"}, {"start": "00:22:50", "end": "00:22:56", "text": "that's lovely. Uh they're another"}, {"start": "00:22:52", "end": "00:22:59", "text": "company who um has taken out extreme"}, {"start": "00:22:56", "end": "00:23:04", "text": "amounts of leverage in order to be able"}, {"start": "00:22:59", "end": "00:23:06", "text": "to buy up Bitcoin. I assume that they're"}, {"start": "00:23:04", "end": "00:23:08", "text": "going to probably be at the front of the"}, {"start": "00:23:06", "end": "00:23:11", "text": "line"}, {"start": "00:23:08", "end": "00:23:15", "text": "when it comes to staking Bitcoin"}, {"start": "00:23:11", "end": "00:23:18", "text": "to be able to make passive income uh to"}, {"start": "00:23:15", "end": "00:23:22", "text": "kind of, you know, level things out"}, {"start": "00:23:18", "end": "00:23:26", "text": "because the idea of taking out like a a"}, {"start": "00:23:22", "end": "00:23:28", "text": "$200 or $300,000 loan,"}, {"start": "00:23:26", "end": "00:23:31", "text": "it almost gives me nightmares. Like"}, {"start": "00:23:28", "end": "00:23:34", "text": "literal nightmares. I can't I can't"}, {"start": "00:23:31", "end": "00:23:37", "text": "imagine being like 15 billion $60"}, {"start": "00:23:34", "end": "00:23:40", "text": "billion in debt."}, {"start": "00:23:37", "end": "00:23:44", "text": "I don't I don't think I'm cut off for"}, {"start": "00:23:40", "end": "00:23:47", "text": "that. That's the Meta Planet news. Whoa."}, {"start": "00:23:44", "end": "00:23:51", "text": "Awesome. Cool. We'll probably hear very"}, {"start": "00:23:47", "end": "00:23:55", "text": "soon exactly how much Bitcoin Wow."}, {"start": "00:23:51", "end": "00:23:58", "text": "English Bitcoin they purchased because"}, {"start": "00:23:55", "end": "00:24:01", "text": "um that's what they do."}, {"start": "00:23:58", "end": "00:24:05", "text": "Okie dokie."}, {"start": "00:24:01", "end": "00:24:05", "text": "Let's move on."}, {"start": "00:24:07", "end": "00:24:13", "text": "Also in the news, um I don't know if"}, {"start": "00:24:10", "end": "00:24:16", "text": "they're trying to convince us or if they"}, {"start": "00:24:13", "end": "00:24:18", "text": "think that we don't know."}, {"start": "00:24:16", "end": "00:24:21", "text": "There's like a a campaign. Can I slide"}, {"start": "00:24:18", "end": "00:24:25", "text": "this over? Yay, I can. Awesome. There's"}, {"start": "00:24:21", "end": "00:24:30", "text": "like a campaign going on now where uh"}, {"start": "00:24:25", "end": "00:24:34", "text": "everyone's talking like super positively"}, {"start": "00:24:30", "end": "00:24:36", "text": "about um like tokenization and stable"}, {"start": "00:24:34", "end": "00:24:38", "text": "coins and how it's going to change the"}, {"start": "00:24:36", "end": "00:24:40", "text": "world. There was just was it Yahoo"}, {"start": "00:24:38", "end": "00:24:42", "text": "Finance? I don't remember. There was"}, {"start": "00:24:40", "end": "00:24:46", "text": "just some YouTube channel. They posted a"}, {"start": "00:24:42", "end": "00:24:48", "text": "video. It was called How Stable Coins"}, {"start": "00:24:46", "end": "00:24:50", "text": "Are Changing the Way Money Moves Around"}, {"start": "00:24:48", "end": "00:24:52", "text": "the World. I'm I'm lightly paraphrasing,"}, {"start": "00:24:50", "end": "00:24:53", "text": "but it was I was like I was like,"}, {"start": "00:24:52", "end": "00:24:58", "text": "really?"}, {"start": "00:24:53", "end": "00:25:01", "text": "Okay. So, of course, in the news, we are"}, {"start": "00:24:58", "end": "00:25:04", "text": "as we've been told, you I, me, us. We"}, {"start": "00:25:01", "end": "00:25:06", "text": "are supposed to be hearing about this"}, {"start": "00:25:04", "end": "00:25:08", "text": "new revolutionary"}, {"start": "00:25:06", "end": "00:25:09", "text": "way to send money and the way that"}, {"start": "00:25:08", "end": "00:25:13", "text": "things are going to move and"}, {"start": "00:25:09", "end": "00:25:16", "text": "cryptocurrencies taking over the world."}, {"start": "00:25:13", "end": "00:25:20", "text": "Major United States banks"}, {"start": "00:25:16", "end": "00:25:23", "text": "and financial market intermediaries"}, {"start": "00:25:20", "end": "00:25:27", "text": "expect the transition to a digitized"}, {"start": "00:25:23", "end": "00:25:29", "text": "financial system to start slowly then"}, {"start": "00:25:27", "end": "00:25:33", "text": "hit a tipping point at which it"}, {"start": "00:25:29", "end": "00:25:36", "text": "accelerates is oh it's lightning. Okay."}, {"start": "00:25:33", "end": "00:25:40", "text": "According to credit rating agency"}, {"start": "00:25:36", "end": "00:25:43", "text": "Moody's ratings in a report on Tuesday,"}, {"start": "00:25:40", "end": "00:25:46", "text": "the agency said that during"}, {"start": "00:25:43", "end": "00:25:49", "text": "conversations with US banks and other"}, {"start": "00:25:46", "end": "00:25:52", "text": "financial market intermediaries,"}, {"start": "00:25:49", "end": "00:25:55", "text": "most viewed the shift as inevitable"}, {"start": "00:25:52", "end": "00:25:58", "text": "and agreed it would start slow"}, {"start": "00:25:55", "end": "00:26:00", "text": "then fast with tokenization volume"}, {"start": "00:25:58", "end": "00:26:03", "text": "increasing and extending to more market"}, {"start": "00:26:00", "end": "00:26:08", "text": "participant assets and use cases. is if"}, {"start": "00:26:03", "end": "00:26:10", "text": "you have somehow missed the news, banks,"}, {"start": "00:26:08", "end": "00:26:12", "text": "governments,"}, {"start": "00:26:10", "end": "00:26:16", "text": "CEOs, ABCs,"}, {"start": "00:26:12", "end": "00:26:18", "text": "everyone with a lot of money,"}, {"start": "00:26:16", "end": "00:26:21", "text": "they love tokenization."}, {"start": "00:26:18", "end": "00:26:24", "text": "They don't like it. They're not on the"}, {"start": "00:26:21", "end": "00:26:27", "text": "fence about it. They think it is going"}, {"start": "00:26:24", "end": "00:26:33", "text": "to be the best thing that's ever"}, {"start": "00:26:27", "end": "00:26:38", "text": "happened to financial markets ever. E V"}, {"start": "00:26:33", "end": "00:26:42", "text": "E R the expectations currently stand"}, {"start": "00:26:38", "end": "00:26:44", "text": "around the fact that I think we have"}, {"start": "00:26:42", "end": "00:26:46", "text": "several billion I don't know what the"}, {"start": "00:26:44", "end": "00:26:49", "text": "number is was it like 60 billion"}, {"start": "00:26:46", "end": "00:26:51", "text": "something like that dollars worth of"}, {"start": "00:26:49", "end": "00:26:54", "text": "tokenized assets on chain already"}, {"start": "00:26:51", "end": "00:26:58", "text": "there's more and more every single day"}, {"start": "00:26:54", "end": "00:27:01", "text": "with the the the the most golden of them"}, {"start": "00:26:58", "end": "00:27:04", "text": "apparently moving towards Ethereum XRP"}, {"start": "00:27:01", "end": "00:27:07", "text": "and Salana. So, we've been told."}, {"start": "00:27:04", "end": "00:27:11", "text": "However,"}, {"start": "00:27:07", "end": "00:27:14", "text": "we are we we've been told that they're"}, {"start": "00:27:11", "end": "00:27:17", "text": "expecting tokenization to go from a a"}, {"start": "00:27:14", "end": "00:27:19", "text": "$60 billion what have you dollar market"}, {"start": "00:27:17", "end": "00:27:27", "text": "to around five"}, {"start": "00:27:19", "end": "00:27:29", "text": "to 10 trillion market by the year 2030."}, {"start": "00:27:27", "end": "00:27:32", "text": "You heard that right. Three and a half"}, {"start": "00:27:29", "end": "00:27:36", "text": "years. The idea basically revolves"}, {"start": "00:27:32", "end": "00:27:42", "text": "around these companies and institutions"}, {"start": "00:27:36", "end": "00:27:42", "text": "wanting to tokenize and digitize every"}, {"start": "00:27:43", "end": "00:27:49", "text": "everything of value would move on chain"}, {"start": "00:27:47", "end": "00:27:51", "text": "and you'd be able to trade it at any"}, {"start": "00:27:49", "end": "00:27:56", "text": "given time of the day that you actually"}, {"start": "00:27:51", "end": "00:27:58", "text": "want. This is what's in essence propping"}, {"start": "00:27:56", "end": "00:28:00", "text": "up a lot of the actual price predictions"}, {"start": "00:27:58", "end": "00:28:02", "text": "for the cryptocurrency market. If you"}, {"start": "00:28:00", "end": "00:28:04", "text": "haven't been made aware,"}, {"start": "00:28:02", "end": "00:28:08", "text": "the expectation is that we're going to"}, {"start": "00:28:04", "end": "00:28:12", "text": "have around 2 to3 trillion dollar worth"}, {"start": "00:28:08", "end": "00:28:15", "text": "of assets on top of Ethereum alone."}, {"start": "00:28:12", "end": "00:28:16", "text": "That's how you get to a $65,000"}, {"start": "00:28:15", "end": "00:28:20", "text": "Ether."}, {"start": "00:28:16", "end": "00:28:23", "text": "They said across our conversations,"}, {"start": "00:28:20", "end": "00:28:26", "text": "industry leaders generally believed that"}, {"start": "00:28:23", "end": "00:28:29", "text": "broad asset tokenization will happen."}, {"start": "00:28:26", "end": "00:28:34", "text": "The main uncertainties center around how"}, {"start": "00:28:29", "end": "00:28:37", "text": "quickly and in what sequence. They said"}, {"start": "00:28:34", "end": "00:28:40", "text": "in the near term progress is expected to"}, {"start": "00:28:37", "end": "00:28:43", "text": "remain gradual and focused on those"}, {"start": "00:28:40", "end": "00:28:46", "text": "simpler segments such as funds and"}, {"start": "00:28:43", "end": "00:28:48", "text": "short-term instruments running alongside"}, {"start": "00:28:46", "end": "00:28:51", "text": "traditional processes."}, {"start": "00:28:48", "end": "00:28:53", "text": "But beyond that, many believe a tipping"}, {"start": "00:28:51", "end": "00:28:56", "text": "point will eventually be reached where"}, {"start": "00:28:53", "end": "00:28:59", "text": "broader adoption accelerates rapidly."}, {"start": "00:28:56", "end": "00:29:01", "text": "For those of you who do not know, oh, I"}, {"start": "00:28:59", "end": "00:29:02", "text": "was I was wrong. Hold on. I was I was"}, {"start": "00:29:01", "end": "00:29:05", "text": "completely wrong. If you're not looking"}, {"start": "00:29:02", "end": "00:29:11", "text": "at the screen, uh Kathy Wood expects it"}, {"start": "00:29:05", "end": "00:29:15", "text": "to be $28 trillion. School $28 trillion"}, {"start": "00:29:11", "end": "00:29:19", "text": "by 2030. I was I was just off by around"}, {"start": "00:29:15", "end": "00:29:19", "text": "20 to$25 trillion."}, {"start": "00:29:20", "end": "00:29:25", "text": "So,"}, {"start": "00:29:21", "end": "00:29:26", "text": "if we get to December 2026 and Bitcoin's"}, {"start": "00:29:25", "end": "00:29:28", "text": "not at a quarter million dollars, things"}, {"start": "00:29:26", "end": "00:29:29", "text": "are going to get real awkward because"}, {"start": "00:29:28", "end": "00:29:34", "text": "all these analysts have been saying the"}, {"start": "00:29:29", "end": "00:29:37", "text": "same thing. If we Oh, oh,"}, {"start": "00:29:34", "end": "00:29:40", "text": "that's also like tokenization"}, {"start": "00:29:37", "end": "00:29:42", "text": "as well. That's not like the actual"}, {"start": "00:29:40", "end": "00:29:46", "text": "market cap of these things. That's the"}, {"start": "00:29:42", "end": "00:29:52", "text": "literal like so if by the time we get to"}, {"start": "00:29:46", "end": "00:29:52", "text": "2030 if Bitcoin's not at $947,000"}, {"start": "00:29:52", "end": "00:29:56", "text": "um things are going to get really"}, {"start": "00:29:53", "end": "00:29:59", "text": "awkward. I do believe that tokenization"}, {"start": "00:29:56", "end": "00:30:01", "text": "is going to be a thing from what I"}, {"start": "00:29:59", "end": "00:30:04", "text": "completely understand. It's basically"}, {"start": "00:30:01", "end": "00:30:08", "text": "the clarity act. You wouldn't believe me"}, {"start": "00:30:04", "end": "00:30:11", "text": "saying the word clarity act"}, {"start": "00:30:08", "end": "00:30:14", "text": "makes me as annoyed as saying Gary"}, {"start": "00:30:11", "end": "00:30:18", "text": "Gensler."}, {"start": "00:30:14", "end": "00:30:22", "text": "That's how bad it is. Years ago, I hated"}, {"start": "00:30:18", "end": "00:30:25", "text": "I hated saying Gary Gensler and saying"}, {"start": "00:30:22", "end": "00:30:27", "text": "the SEC. Oh, and and also Ripple back"}, {"start": "00:30:25", "end": "00:30:31", "text": "then because everything constantly in"}, {"start": "00:30:27", "end": "00:30:36", "text": "the news was what Gary Gensler did from"}, {"start": "00:30:31", "end": "00:30:40", "text": "the SEC revolving around bit uh almost"}, {"start": "00:30:36", "end": "00:30:43", "text": "said Bipple Ripple and their lawsuit. It"}, {"start": "00:30:40", "end": "00:30:46", "text": "was it was it was so frustrating. We"}, {"start": "00:30:43", "end": "00:30:48", "text": "kept on getting news, the lawsuit's"}, {"start": "00:30:46", "end": "00:30:49", "text": "over, but it's not really over. The"}, {"start": "00:30:48", "end": "00:30:51", "text": "lawsuit's kind of over, but then it's"}, {"start": "00:30:49", "end": "00:30:54", "text": "not really all the way over. the"}, {"start": "00:30:51", "end": "00:30:55", "text": "lawsuit's over, but we need until June"}, {"start": "00:30:54", "end": "00:30:57", "text": "to have it final. And I was like, what"}, {"start": "00:30:55", "end": "00:30:59", "text": "the like what just can just end it for"}, {"start": "00:30:57", "end": "00:31:04", "text": "the love of God? Just please let it like"}, {"start": "00:30:59", "end": "00:31:06", "text": "stop. So now everything So when you hear"}, {"start": "00:31:04", "end": "00:31:09", "text": "all of this stuff, you're hearing a lot"}, {"start": "00:31:06", "end": "00:31:10", "text": "about tokenization"}, {"start": "00:31:09", "end": "00:31:12", "text": "and stable coins and you're wondering"}, {"start": "00:31:10", "end": "00:31:14", "text": "why your local like congressional leader"}, {"start": "00:31:12", "end": "00:31:16", "text": "is talking about it on the news. It's"}, {"start": "00:31:14", "end": "00:31:21", "text": "because of the Clarity Act."}, {"start": "00:31:16", "end": "00:31:25", "text": "The Clarity Act is expected to legalize"}, {"start": "00:31:21", "end": "00:31:28", "text": "all of this. So, we already know that"}, {"start": "00:31:25", "end": "00:31:30", "text": "Robin Hood and Coinbase, etc. are"}, {"start": "00:31:28", "end": "00:31:34", "text": "already tokenizing things. Black Rockck"}, {"start": "00:31:30", "end": "00:31:36", "text": "has a a a tokenized fund, but the"}, {"start": "00:31:34", "end": "00:31:40", "text": "floodgates are expected to be like"}, {"start": "00:31:36", "end": "00:31:43", "text": "kicked open when the Clarity Act passes"}, {"start": "00:31:40", "end": "00:31:46", "text": "because that will provide everything,"}, {"start": "00:31:43", "end": "00:31:48", "text": "all the rules, all the regulation, all"}, {"start": "00:31:46", "end": "00:31:51", "text": "the tokenization,"}, {"start": "00:31:48", "end": "00:31:54", "text": "all the Facebook and Walmart coins"}, {"start": "00:31:51", "end": "00:31:57", "text": "launching as well. So, I this is"}, {"start": "00:31:54", "end": "00:32:00", "text": "obviously going to be a thing. It's just"}, {"start": "00:31:57", "end": "00:32:03", "text": "to the side of it. I wonder exactly how"}, {"start": "00:32:00", "end": "00:32:06", "text": "much this will benefit us. By all basis"}, {"start": "00:32:03", "end": "00:32:08", "text": "and logic, this should be"}, {"start": "00:32:06", "end": "00:32:12", "text": "a-okay for us. This should be absolutely"}, {"start": "00:32:08", "end": "00:32:16", "text": "incredible because we ideally have been"}, {"start": "00:32:12", "end": "00:32:19", "text": "hearing that and we want that those 28"}, {"start": "00:32:16", "end": "00:32:23", "text": "trillion worth of assets uh will be on"}, {"start": "00:32:19", "end": "00:32:26", "text": "top of the chains that we know and love."}, {"start": "00:32:23", "end": "00:32:28", "text": "That's what we've been hearing. 65,000"}, {"start": "00:32:26", "end": "00:32:32", "text": "$125,000"}, {"start": "00:32:28", "end": "00:32:34", "text": "Ether. That's how you get there."}, {"start": "00:32:32", "end": "00:32:39", "text": "Okay, everyone. I think that's going to"}, {"start": "00:32:34", "end": "00:32:42", "text": "do it for this video. I do hope that"}, {"start": "00:32:39", "end": "00:32:45", "text": "you've all enjoyed."}, {"start": "00:32:42", "end": "00:32:48", "text": "I do hope that you all are having a"}, {"start": "00:32:45", "end": "00:32:52", "text": "great day. Hope you're all remembering"}, {"start": "00:32:48", "end": "00:32:55", "text": "to invest. It is uh inflation's going to"}, {"start": "00:32:52", "end": "00:32:58", "text": "continue. So, if you don't have assets,"}, {"start": "00:32:55", "end": "00:33:01", "text": "you you gota cuz cuz you cuz you gota"}, {"start": "00:32:58", "end": "00:33:03", "text": "Thank you all once again for watching,"}, {"start": "00:33:01", "end": "00:33:06", "text": "listening, liking, commenting, and"}, {"start": "00:33:03", "end": "00:33:11", "text": "supporting. And I will most certainly be"}, {"start": "00:33:06", "end": "00:33:13", "text": "talking to you all soon."}, {"start": "00:33:11", "end": "00:33:16", "text": "See"}, {"start": "00:33:13", "end": "00:33:16", "text": "you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:13", "text": "Welcome back to the channel. Welcome"}, {"start": "00:00:09", "end": "00:00:15", "text": "back for another video. Hope everyone's"}, {"start": "00:00:13", "end": "00:00:22", "text": "doing well. Hope you're all remembering"}, {"start": "00:00:15", "end": "00:00:24", "text": "to invest. It is incredibly important,"}, {"start": "00:00:22", "end": "00:00:26", "text": "especially with a lot of the news that"}, {"start": "00:00:24", "end": "00:00:30", "text": "we've been getting over the course of"}, {"start": "00:00:26", "end": "00:00:34", "text": "the last like even few weeks and where"}, {"start": "00:00:30", "end": "00:00:36", "text": "people are anticipating things to go. Uh"}, {"start": "00:00:34", "end": "00:00:40", "text": "don't forget to uh subscribe to my other"}, {"start": "00:00:36", "end": "00:00:43", "text": "channel, Money Rules. There's a link in"}, {"start": "00:00:40", "end": "00:00:48", "text": "the description below this video."}, {"start": "00:00:43", "end": "00:00:52", "text": "A very very big thank you to my Patreon"}, {"start": "00:00:48", "end": "00:00:56", "text": "supporters Trent Jackson, Gilboa Snake,"}, {"start": "00:00:52", "end": "00:00:59", "text": "and Finley Bass. Thank you all very much"}, {"start": "00:00:56", "end": "00:01:03", "text": "for your support."}, {"start": "00:00:59", "end": "00:01:08", "text": "Without any further ado, let's jump"}, {"start": "00:01:03", "end": "00:01:10", "text": "right into it. We constantly find"}, {"start": "00:01:08", "end": "00:01:12", "text": "ourselves"}, {"start": "00:01:10", "end": "00:01:16", "text": "in between"}, {"start": "00:01:12", "end": "00:01:19", "text": "a digital rock and a digital hard place"}, {"start": "00:01:16", "end": "00:01:22", "text": "when we are in this market. The"}, {"start": "00:01:19", "end": "00:01:24", "text": "indicators have been from analysts for a"}, {"start": "00:01:22", "end": "00:01:27", "text": "while now"}, {"start": "00:01:24", "end": "00:01:30", "text": "that the market looks like it is"}, {"start": "00:01:27", "end": "00:01:34", "text": "recovering. It is going to recover."}, {"start": "00:01:30", "end": "00:01:37", "text": "prices are going to go higher and"}, {"start": "00:01:34", "end": "00:01:40", "text": "apparently even within the next it's"}, {"start": "00:01:37", "end": "00:01:44", "text": "around three weeks give or take give or"}, {"start": "00:01:40", "end": "00:01:46", "text": "take a couple days 3 weeks uh we should"}, {"start": "00:01:44", "end": "00:01:50", "text": "have some like real confirmation as to"}, {"start": "00:01:46", "end": "00:01:53", "text": "what's going to happen to all markets"}, {"start": "00:01:50", "end": "00:01:56", "text": "there's a huge gargantuan amount of"}, {"start": "00:01:53", "end": "00:02:00", "text": "weight right now"}, {"start": "00:01:56", "end": "00:02:04", "text": "on the shoulders of what the Fed is"}, {"start": "00:02:00", "end": "00:02:08", "text": "going to do. That seems to be the"}, {"start": "00:02:04", "end": "00:02:11", "text": "clearer option for everything that's"}, {"start": "00:02:08", "end": "00:02:13", "text": "currently happening. We have a lot of uh"}, {"start": "00:02:11", "end": "00:02:18", "text": "anticipation"}, {"start": "00:02:13", "end": "00:02:20", "text": "as to what, when, how, why, certain date"}, {"start": "00:02:18", "end": "00:02:23", "text": "the clarity act is supposed to go"}, {"start": "00:02:20", "end": "00:02:26", "text": "through or is supposed to pass or is"}, {"start": "00:02:23", "end": "00:02:28", "text": "supposed to be signed. We have heard"}, {"start": "00:02:26", "end": "00:02:29", "text": "anything. We've heard since February, we"}, {"start": "00:02:28", "end": "00:02:30", "text": "heard it was going to happen in March."}, {"start": "00:02:29", "end": "00:02:34", "text": "We heard it was going to happen in"}, {"start": "00:02:30", "end": "00:02:36", "text": "April. We recently heard the 4th of July"}, {"start": "00:02:34", "end": "00:02:39", "text": "and then someone was like, \"Yeah, that's"}, {"start": "00:02:36", "end": "00:02:41", "text": "kind of ambitious.\" So now it looks like"}, {"start": "00:02:39", "end": "00:02:45", "text": "people are pointing to the end of"}, {"start": "00:02:41", "end": "00:02:46", "text": "summer. Sure, why not? In the short"}, {"start": "00:02:45", "end": "00:02:50", "text": "term,"}, {"start": "00:02:46", "end": "00:02:53", "text": "in the middle of um"}, {"start": "00:02:50", "end": "00:02:57", "text": "June, in the middle of June, we will"}, {"start": "00:02:53", "end": "00:03:01", "text": "hear from the Fed if they are going to"}, {"start": "00:02:57", "end": "00:03:04", "text": "definitively lower, raise or keep the"}, {"start": "00:03:01", "end": "00:03:06", "text": "same interest rates. And that is what a"}, {"start": "00:03:04", "end": "00:03:08", "text": "lot of I mean a lot of what you're"}, {"start": "00:03:06", "end": "00:03:10", "text": "seeing in all markets right now, you're"}, {"start": "00:03:08", "end": "00:03:12", "text": "seeing like a flux constantly, right?"}, {"start": "00:03:10", "end": "00:03:15", "text": "You wake up, the stock market's"}, {"start": "00:03:12", "end": "00:03:18", "text": "completely in green. Cryptocurrency"}, {"start": "00:03:15", "end": "00:03:20", "text": "prices have risen by 2 to 7% across the"}, {"start": "00:03:18", "end": "00:03:22", "text": "board. You go to sleep, you wake up,"}, {"start": "00:03:20", "end": "00:03:26", "text": "things are down by 4%. That coin's down"}, {"start": "00:03:22", "end": "00:03:29", "text": "by 12%. That stock is down by 15%. We're"}, {"start": "00:03:26", "end": "00:03:32", "text": "getting huge amounts of news about"}, {"start": "00:03:29", "end": "00:03:34", "text": "inflation, and those inflation numbers"}, {"start": "00:03:32", "end": "00:03:35", "text": "are completely incorrect. I wish I had a"}, {"start": "00:03:34", "end": "00:03:39", "text": "chart or something here. It doesn't even"}, {"start": "00:03:35", "end": "00:03:43", "text": "matter. Uh we're being told that the US"}, {"start": "00:03:39", "end": "00:03:45", "text": "dollar inflated uh year on year on a"}, {"start": "00:03:43", "end": "00:03:47", "text": "monthly basis. This is how they"}, {"start": "00:03:45", "end": "00:03:49", "text": "calculated. It sounds confusing. Uh by"}, {"start": "00:03:47", "end": "00:03:52", "text": "3.8%."}, {"start": "00:03:49", "end": "00:03:55", "text": "Uh the problem is I just I was just like"}, {"start": "00:03:52", "end": "00:03:58", "text": "an hour ago I was watching something and"}, {"start": "00:03:55", "end": "00:04:01", "text": "they were discussing like gas prices and"}, {"start": "00:03:58", "end": "00:04:03", "text": "this guy was like yeah so my gas is up"}, {"start": "00:04:01", "end": "00:04:06", "text": "by like 35%"}, {"start": "00:04:03", "end": "00:04:09", "text": "for my car in the last you know like"}, {"start": "00:04:06", "end": "00:04:12", "text": "literally in the last year. And then he"}, {"start": "00:04:09", "end": "00:04:14", "text": "was talking about like um like food"}, {"start": "00:04:12", "end": "00:04:16", "text": "prices and the cost of this and and I"}, {"start": "00:04:14", "end": "00:04:18", "text": "and like they were going over the"}, {"start": "00:04:16", "end": "00:04:22", "text": "numbers on the screen. everything was 28"}, {"start": "00:04:18", "end": "00:04:24", "text": "to 35% higher than the year before. And"}, {"start": "00:04:22", "end": "00:04:28", "text": "I was like, how these people managed to"}, {"start": "00:04:24", "end": "00:04:33", "text": "whittle that down to 3.8% is absolute"}, {"start": "00:04:28", "end": "00:04:35", "text": "complete nonsense. So in 3 weeks if the"}, {"start": "00:04:33", "end": "00:04:38", "text": "Fed because now because things are so"}, {"start": "00:04:35", "end": "00:04:43", "text": "bad, they're worse than they ever been"}, {"start": "00:04:38", "end": "00:04:46", "text": "before. Like that is the truth. Um,"}, {"start": "00:04:43", "end": "00:04:48", "text": "people are guesstimating that the Fed"}, {"start": "00:04:46", "end": "00:04:50", "text": "might"}, {"start": "00:04:48", "end": "00:04:53", "text": "keep interest rates the same because"}, {"start": "00:04:50", "end": "00:04:55", "text": "inflation is pushing up so high and so"}, {"start": "00:04:53", "end": "00:04:58", "text": "fast and because of the conflicts that"}, {"start": "00:04:55", "end": "00:05:00", "text": "are happening around the world. If they"}, {"start": "00:04:58", "end": "00:05:04", "text": "lower interest rates, as we've been"}, {"start": "00:05:00", "end": "00:05:07", "text": "going over for 2 years now, it is going"}, {"start": "00:05:04", "end": "00:05:10", "text": "to cause inflation to go even higher."}, {"start": "00:05:07", "end": "00:05:14", "text": "There's a sentiment of"}, {"start": "00:05:10", "end": "00:05:16", "text": "annoyance and dare I say the word anger"}, {"start": "00:05:14", "end": "00:05:19", "text": "amongst the people because no one wants"}, {"start": "00:05:16", "end": "00:05:22", "text": "their cost of living to have skyrocketed"}, {"start": "00:05:19", "end": "00:05:25", "text": "by 33% over the course of a 12month"}, {"start": "00:05:22", "end": "00:05:28", "text": "period. The current"}, {"start": "00:05:25", "end": "00:05:30", "text": "conflicts and situations we have"}, {"start": "00:05:28", "end": "00:05:34", "text": "happening on the planet are going to"}, {"start": "00:05:30", "end": "00:05:37", "text": "have longstanding ripples and shock"}, {"start": "00:05:34", "end": "00:05:40", "text": "waves that will continue to dictate how"}, {"start": "00:05:37", "end": "00:05:42", "text": "the world's economy moves from here on"}, {"start": "00:05:40", "end": "00:05:45", "text": "out."}, {"start": "00:05:42", "end": "00:05:47", "text": "In between that, if the Fed keeps"}, {"start": "00:05:45", "end": "00:05:50", "text": "interest rates the same, it's going to"}, {"start": "00:05:47", "end": "00:05:53", "text": "cause markets to fall. If the interest"}, {"start": "00:05:50", "end": "00:05:57", "text": "rates get lowered, it's going to cause"}, {"start": "00:05:53", "end": "00:05:59", "text": "asset prices to skyrocket as well as"}, {"start": "00:05:57", "end": "00:06:03", "text": "food and home and everything else"}, {"start": "00:05:59", "end": "00:06:06", "text": "prices. There are now,"}, {"start": "00:06:03", "end": "00:06:08", "text": "it's not a rumor or a guesstimate. There"}, {"start": "00:06:06", "end": "00:06:13", "text": "are certain uh analysts who think that"}, {"start": "00:06:08", "end": "00:06:15", "text": "because inflation has gotten so bad"}, {"start": "00:06:13", "end": "00:06:19", "text": "that the Fed might even be forced to"}, {"start": "00:06:15", "end": "00:06:24", "text": "actually uh raise interest rates, which"}, {"start": "00:06:19", "end": "00:06:26", "text": "I do not think is going to happen."}, {"start": "00:06:24", "end": "00:06:31", "text": "But ne but now people are pushing it out"}, {"start": "00:06:26", "end": "00:06:34", "text": "there uh as some sort of a possibility."}, {"start": "00:06:31", "end": "00:06:37", "text": "Wrapped up neatly"}, {"start": "00:06:34", "end": "00:06:42", "text": "in a gorgeous digital bow. In between"}, {"start": "00:06:37", "end": "00:06:45", "text": "all of this uh sits the perplexing idea"}, {"start": "00:06:42", "end": "00:06:48", "text": "as to what is about to happen to"}, {"start": "00:06:45", "end": "00:06:50", "text": "Bitcoin. And I say what is about to"}, {"start": "00:06:48", "end": "00:06:54", "text": "happen because as I've been saying for a"}, {"start": "00:06:50", "end": "00:06:57", "text": "month now here and on the other channel"}, {"start": "00:06:54", "end": "00:06:59", "text": "uh we're kind of at the crossroads."}, {"start": "00:06:57", "end": "00:07:02", "text": "You like the this sideways movement"}, {"start": "00:06:59", "end": "00:07:04", "text": "can't go on forever. You have to have"}, {"start": "00:07:02", "end": "00:07:07", "text": "some kind of definitive push upward or"}, {"start": "00:07:04", "end": "00:07:10", "text": "downward for the world's economy so"}, {"start": "00:07:07", "end": "00:07:12", "text": "everyone can adjust accordingly."}, {"start": "00:07:10", "end": "00:07:14", "text": "Regardless of anything happening,"}, {"start": "00:07:12", "end": "00:07:18", "text": "Bitcoin, as you might have imagined,"}, {"start": "00:07:14", "end": "00:07:22", "text": "continues to get"}, {"start": "00:07:18", "end": "00:07:26", "text": "optimistic news."}, {"start": "00:07:22", "end": "00:07:29", "text": "So, in very popular news, for those of"}, {"start": "00:07:26", "end": "00:07:30", "text": "you not looking at the screen, it says"}, {"start": "00:07:29", "end": "00:07:34", "text": "Bitcoin"}, {"start": "00:07:30", "end": "00:07:38", "text": "is down roughly 40% from its October"}, {"start": "00:07:34", "end": "00:07:41", "text": "2025 record high, but a long-term"}, {"start": "00:07:38", "end": "00:07:44", "text": "valuation model suggests the"}, {"start": "00:07:41", "end": "00:07:51", "text": "cryptocurrency could erase the entire"}, {"start": "00:07:44", "end": "00:07:51", "text": "decline and rally to as high as 255,000."}, {"start": "00:07:51", "end": "00:08:00", "text": "and us per coin by year end. This would"}, {"start": "00:07:57", "end": "00:08:02", "text": "indicate that more people have moved"}, {"start": "00:08:00", "end": "00:08:05", "text": "away from the dollar, that all the"}, {"start": "00:08:02", "end": "00:08:09", "text": "inflation that we've been talking about"}, {"start": "00:08:05", "end": "00:08:13", "text": "has completely taken shape, that the"}, {"start": "00:08:09", "end": "00:08:16", "text": "4year uh cycle is definitively over, and"}, {"start": "00:08:13", "end": "00:08:20", "text": "that essentially the Federal Reserve has"}, {"start": "00:08:16", "end": "00:08:22", "text": "lowered interest rates. I wholeheartedly"}, {"start": "00:08:20", "end": "00:08:24", "text": "believe"}, {"start": "00:08:22", "end": "00:08:27", "text": "the Fed is going to lower interest"}, {"start": "00:08:24", "end": "00:08:28", "text": "rates. Uh that just seems to be the most"}, {"start": "00:08:27", "end": "00:08:33", "text": "logical"}, {"start": "00:08:28", "end": "00:08:36", "text": "situation given why Kevin Walsh was put"}, {"start": "00:08:33", "end": "00:08:40", "text": "in this position. Uh but but we shall"}, {"start": "00:08:36", "end": "00:08:42", "text": "see. $250,000"}, {"start": "00:08:40", "end": "00:08:49", "text": "per coin, in case it it slipped your"}, {"start": "00:08:42", "end": "00:08:52", "text": "memory, is the exact same number that"}, {"start": "00:08:49", "end": "00:08:55", "text": "everyone else has been saying, if you"}, {"start": "00:08:52", "end": "00:08:58", "text": "haven't been here since around mid"}, {"start": "00:08:55", "end": "00:09:02", "text": "January 2026."}, {"start": "00:08:58", "end": "00:09:05", "text": "Kathy Wood, Tom Lee, people from"}, {"start": "00:09:02", "end": "00:09:09", "text": "Fidelity, this person, that person, you"}, {"start": "00:09:05", "end": "00:09:13", "text": "know the deal. It's almost"}, {"start": "00:09:09", "end": "00:09:16", "text": "50 people, 50 analysts, and 50 companies"}, {"start": "00:09:13", "end": "00:09:19", "text": "who have all this idea and their price"}, {"start": "00:09:16", "end": "00:09:23", "text": "charts and their models that Bitcoin is"}, {"start": "00:09:19", "end": "00:09:27", "text": "going to go to a quarter of a million"}, {"start": "00:09:23", "end": "00:09:31", "text": "dollars by the end of 2026."}, {"start": "00:09:27", "end": "00:09:35", "text": "It's called the Bitcoin Decay Channel."}, {"start": "00:09:31", "end": "00:09:38", "text": "Okay, it says the Bitcoin decay channel"}, {"start": "00:09:35", "end": "00:09:42", "text": "puts Bitcoin's conservative year end"}, {"start": "00:09:38", "end": "00:09:45", "text": "range at 90,000"}, {"start": "00:09:42", "end": "00:09:45", "text": "to $255,000"}, {"start": "00:09:46", "end": "00:09:53", "text": "with its 2027 range extending from"}, {"start": "00:09:51", "end": "00:09:56", "text": "128,000"}, {"start": "00:09:53", "end": "00:10:01", "text": "to $38,000"}, {"start": "00:09:56", "end": "00:10:05", "text": "per coin. The bearish huddle waves"}, {"start": "00:10:01", "end": "00:10:08", "text": "suggest a higher bottom in the $65,000"}, {"start": "00:10:05", "end": "00:10:11", "text": "to $70,000"}, {"start": "00:10:08", "end": "00:10:14", "text": "range. If you didn't see, uh the"}, {"start": "00:10:11", "end": "00:10:17", "text": "analysts have been projecting that"}, {"start": "00:10:14", "end": "00:10:20", "text": "Bitcoin has already hit its bottom price"}, {"start": "00:10:17", "end": "00:10:23", "text": "for this cycle. I had to air quote there"}, {"start": "00:10:20", "end": "00:10:28", "text": "because apparently the cycle's not the"}, {"start": "00:10:23", "end": "00:10:30", "text": "same as before. We've heard that 60,000"}, {"start": "00:10:28", "end": "00:10:32", "text": "like Bitcoin just won't go any lower"}, {"start": "00:10:30", "end": "00:10:36", "text": "than that. That is the that that's the"}, {"start": "00:10:32", "end": "00:10:39", "text": "current bottom for prices."}, {"start": "00:10:36", "end": "00:10:42", "text": "They're now suggesting 65 to 70 might be"}, {"start": "00:10:39", "end": "00:10:46", "text": "it. Meaning that Bitcoin wouldn't go to"}, {"start": "00:10:42", "end": "00:10:50", "text": "60 anymore. 70 would be the new bottom"}, {"start": "00:10:46", "end": "00:10:55", "text": "range if you will. And everyone also has"}, {"start": "00:10:50", "end": "00:10:59", "text": "a range as well. 128 308 90255."}, {"start": "00:10:55", "end": "00:11:02", "text": "If we are at a $90,000"}, {"start": "00:10:59", "end": "00:11:04", "text": "Bitcoin by the end of this year, it"}, {"start": "00:11:02", "end": "00:11:06", "text": "means that something has gone terribly"}, {"start": "00:11:04", "end": "00:11:09", "text": "wrong."}, {"start": "00:11:06", "end": "00:11:13", "text": "It means that the stable coins have not"}, {"start": "00:11:09", "end": "00:11:16", "text": "launched. It means that tokenization"}, {"start": "00:11:13", "end": "00:11:18", "text": "did not happen like we heard it would."}, {"start": "00:11:16", "end": "00:11:22", "text": "It means the Fed has kept interest rates"}, {"start": "00:11:18", "end": "00:11:24", "text": "the same or risen interest rates. And"}, {"start": "00:11:22", "end": "00:11:27", "text": "once again, that's by the end of the"}, {"start": "00:11:24", "end": "00:11:29", "text": "year. And I explained before, you're"}, {"start": "00:11:27", "end": "00:11:31", "text": "going to start seeing a lot of like 300"}, {"start": "00:11:29", "end": "00:11:34", "text": "$400,000"}, {"start": "00:11:31", "end": "00:11:37", "text": "Bitcoin price predictions"}, {"start": "00:11:34", "end": "00:11:42", "text": "over the course of I give it in the next"}, {"start": "00:11:37", "end": "00:11:43", "text": "couple of months regarding 2028 and 2027"}, {"start": "00:11:42", "end": "00:11:47", "text": "because"}, {"start": "00:11:43", "end": "00:11:51", "text": "the price predictions for 2029"}, {"start": "00:11:47", "end": "00:11:54", "text": "and 2030 are a million dollars per coin."}, {"start": "00:11:51", "end": "00:11:57", "text": "So, as we cannot and would not get to"}, {"start": "00:11:54", "end": "00:12:00", "text": "that price overnight, basically we we'd"}, {"start": "00:11:57", "end": "00:12:04", "text": "start seeing some higher pushes over the"}, {"start": "00:12:00", "end": "00:12:08", "text": "course of uh each year. It says the"}, {"start": "00:12:04", "end": "00:12:10", "text": "Bitcoin decay channel is a log"}, {"start": "00:12:08", "end": "00:12:14", "text": "logarithmic there we go price model that"}, {"start": "00:12:10", "end": "00:12:17", "text": "tracks Bitcoin's longterm uptrend while"}, {"start": "00:12:14", "end": "00:12:19", "text": "adjusting for smaller gains in new each"}, {"start": "00:12:17", "end": "00:12:23", "text": "cycle each new cycle. The"}, {"start": "00:12:19", "end": "00:12:24", "text": "cryptocurrency's major tops in 2013,"}, {"start": "00:12:23", "end": "00:12:28", "text": "2017,"}, {"start": "00:12:24", "end": "00:12:31", "text": "and 2021 formed near the model's upper"}, {"start": "00:12:28", "end": "00:12:34", "text": "valuation bands while bare market lows"}, {"start": "00:12:31", "end": "00:12:36", "text": "repeatedly moved back towards its lower"}, {"start": "00:12:34", "end": "00:12:40", "text": "support zone. Here's a little chart"}, {"start": "00:12:36", "end": "00:12:43", "text": "right here. Yeah, basically it shows uh"}, {"start": "00:12:40", "end": "00:12:45", "text": "we'd get to 250 something. The number is"}, {"start": "00:12:43", "end": "00:12:47", "text": "not over here, but it's quite indicative"}, {"start": "00:12:45", "end": "00:12:51", "text": "of where the line would be by the time"}, {"start": "00:12:47", "end": "00:12:53", "text": "we get to 2030. That is showing an"}, {"start": "00:12:51", "end": "00:12:55", "text": "$8900,000"}, {"start": "00:12:53", "end": "00:12:58", "text": "Bitcoin. This line is very light. You"}, {"start": "00:12:55", "end": "00:13:00", "text": "can kind of see it on the screen where"}, {"start": "00:12:58", "end": "00:13:03", "text": "it hits a million's over here."}, {"start": "00:13:00", "end": "00:13:05", "text": "Therefore, you understand. Um, as I've"}, {"start": "00:13:03", "end": "00:13:09", "text": "stated"}, {"start": "00:13:05", "end": "00:13:11", "text": "countless other uh times before, the"}, {"start": "00:13:09", "end": "00:13:13", "text": "weirdest part about all of this, and I"}, {"start": "00:13:11", "end": "00:13:17", "text": "mean it's not weird that people are"}, {"start": "00:13:13", "end": "00:13:20", "text": "expecting a higher price for crypto, for"}, {"start": "00:13:17", "end": "00:13:23", "text": "Bitcoin, that people think that the"}, {"start": "00:13:20", "end": "00:13:28", "text": "market's cap and valuation"}, {"start": "00:13:23", "end": "00:13:29", "text": "would go higher. The weird part is"}, {"start": "00:13:28", "end": "00:13:31", "text": "everybody keeps coming up with the same"}, {"start": "00:13:29", "end": "00:13:34", "text": "number."}, {"start": "00:13:31", "end": "00:13:37", "text": "That's the weirdest part of it all. Uh"}, {"start": "00:13:34", "end": "00:13:38", "text": "it doesn't matter if you're in stocks,"}, {"start": "00:13:37", "end": "00:13:41", "text": "it doesn't matter if you're in real"}, {"start": "00:13:38", "end": "00:13:44", "text": "estate, if you're in gold, if people are"}, {"start": "00:13:41", "end": "00:13:48", "text": "projecting year end prices, you're going"}, {"start": "00:13:44", "end": "00:13:52", "text": "to have a relatively wide range of of"}, {"start": "00:13:48", "end": "00:13:57", "text": "different numbers based off of logic."}, {"start": "00:13:52", "end": "00:14:02", "text": "Uh, for some reason this year"}, {"start": "00:13:57", "end": "00:14:08", "text": "we have only heard good things."}, {"start": "00:14:02", "end": "00:14:11", "text": "We have constantly heard $250,000"}, {"start": "00:14:08", "end": "00:14:15", "text": "per Bitcoin. That's why I was saying uh"}, {"start": "00:14:11", "end": "00:14:17", "text": "if we get to Christmas and we're not at"}, {"start": "00:14:15", "end": "00:14:18", "text": "like 229,000,"}, {"start": "00:14:17", "end": "00:14:22", "text": "it's going to be a very awkward"}, {"start": "00:14:18", "end": "00:14:25", "text": "situation because everyone's charts are"}, {"start": "00:14:22", "end": "00:14:29", "text": "screaming and showing the same thing. I"}, {"start": "00:14:25", "end": "00:14:32", "text": "do once again the the the middle of June"}, {"start": "00:14:29", "end": "00:14:34", "text": "that's kind of the where things are"}, {"start": "00:14:32", "end": "00:14:36", "text": "going to go for the rest of the year"}, {"start": "00:14:34", "end": "00:14:38", "text": "kind of momentum. If the Fed lowers"}, {"start": "00:14:36", "end": "00:14:40", "text": "interest rates and the Clarity Act gets"}, {"start": "00:14:38", "end": "00:14:44", "text": "passed,"}, {"start": "00:14:40", "end": "00:14:47", "text": "we should have a $200 $300,000 Bitcoin"}, {"start": "00:14:44", "end": "00:14:50", "text": "in in very short order."}, {"start": "00:14:47", "end": "00:14:52", "text": "That's the uh"}, {"start": "00:14:50", "end": "00:14:56", "text": "Bitcoin price"}, {"start": "00:14:52", "end": "00:14:59", "text": "go up news. This is also news from um"}, {"start": "00:14:56", "end": "00:15:02", "text": "K33 Research"}, {"start": "00:14:59", "end": "00:15:04", "text": "announcing that one of their senior"}, {"start": "00:15:02", "end": "00:15:06", "text": "senior gez Louise one of their senior"}, {"start": "00:15:04", "end": "00:15:10", "text": "analysts"}, {"start": "00:15:06", "end": "00:15:13", "text": "um has concluded that Bitcoin's $60,000"}, {"start": "00:15:10", "end": "00:15:15", "text": "price in February was its uh price"}, {"start": "00:15:13", "end": "00:15:17", "text": "bottom?"}, {"start": "00:15:15", "end": "00:15:19", "text": "Yes, as we've been hearing before, but"}, {"start": "00:15:17", "end": "00:15:20", "text": "now this is from another research"}, {"start": "00:15:19", "end": "00:15:24", "text": "company."}, {"start": "00:15:20", "end": "00:15:26", "text": "I would love if you know if if we could"}, {"start": "00:15:24", "end": "00:15:29", "text": "get all these people in the same room"}, {"start": "00:15:26", "end": "00:15:32", "text": "and have them produce their charts and"}, {"start": "00:15:29", "end": "00:15:35", "text": "then go over them together. Doesn't this"}, {"start": "00:15:32", "end": "00:15:36", "text": "seem Well, and no, it is odd. It's not"}, {"start": "00:15:35", "end": "00:15:39", "text": "that this would seem odd. This is"}, {"start": "00:15:36", "end": "00:15:42", "text": "incredibly weird."}, {"start": "00:15:39", "end": "00:15:45", "text": "Everyone says"}, {"start": "00:15:42", "end": "00:15:47", "text": "60,000 is is the is the the market"}, {"start": "00:15:45", "end": "00:15:50", "text": "bottom. Now they're saying this other"}, {"start": "00:15:47", "end": "00:15:53", "text": "company is saying 70,000 and everyone's"}, {"start": "00:15:50", "end": "00:15:58", "text": "talking about much higher prices by the"}, {"start": "00:15:53", "end": "00:16:02", "text": "end of this year. So as I said, I assume"}, {"start": "00:15:58", "end": "00:16:04", "text": "these are the people who have the"}, {"start": "00:16:02", "end": "00:16:06", "text": "information that we don't. They probably"}, {"start": "00:16:04", "end": "00:16:07", "text": "know when things are going to get"}, {"start": "00:16:06", "end": "00:16:09", "text": "signed, if things are going to get"}, {"start": "00:16:07", "end": "00:16:13", "text": "lowered, how things are going to be"}, {"start": "00:16:09", "end": "00:16:15", "text": "moved around because otherwise the the"}, {"start": "00:16:13", "end": "00:16:18", "text": "things they're doing just don't really"}, {"start": "00:16:15", "end": "00:16:20", "text": "make a lot of sense."}, {"start": "00:16:18", "end": "00:16:24", "text": "That's the"}, {"start": "00:16:20", "end": "00:16:26", "text": "Bitcoin go higher news."}, {"start": "00:16:24", "end": "00:16:30", "text": "And yeah,"}, {"start": "00:16:26", "end": "00:16:30", "text": "let's move on."}, {"start": "00:16:31", "end": "00:16:38", "text": "In incredibly popular news, we are"}, {"start": "00:16:35", "end": "00:16:40", "text": "apparently moving into the rules and"}, {"start": "00:16:38", "end": "00:16:45", "text": "regulation"}, {"start": "00:16:40", "end": "00:16:48", "text": "part of the uh cryptocurrency space."}, {"start": "00:16:45", "end": "00:16:52", "text": "A number of states within the United"}, {"start": "00:16:48", "end": "00:16:55", "text": "States have begun to uh release laws and"}, {"start": "00:16:52", "end": "00:16:57", "text": "and announce what can and can't be done."}, {"start": "00:16:55", "end": "00:17:00", "text": "There are rules for cryptocurrency"}, {"start": "00:16:57", "end": "00:17:03", "text": "mining, for taxation, and a bunch of"}, {"start": "00:17:00", "end": "00:17:08", "text": "other things. This one made"}, {"start": "00:17:03", "end": "00:17:08", "text": "very, very popular news."}, {"start": "00:17:09", "end": "00:17:15", "text": "It is what it is."}, {"start": "00:17:12", "end": "00:17:18", "text": "South Carolina governor, his name is"}, {"start": "00:17:15", "end": "00:17:22", "text": "Henry McMaster,"}, {"start": "00:17:18", "end": "00:17:27", "text": "has signed Senate Bill 163 on the 19th"}, {"start": "00:17:22", "end": "00:17:31", "text": "of May. South Carolina joins nine other"}, {"start": "00:17:27", "end": "00:17:33", "text": "states in passing the Bitcoin rights"}, {"start": "00:17:31", "end": "00:17:36", "text": "laws."}, {"start": "00:17:33", "end": "00:17:40", "text": "The US Senate passed a temporary central"}, {"start": "00:17:36", "end": "00:17:43", "text": "bank digital currency ban on the 12th of"}, {"start": "00:17:40", "end": "00:17:46", "text": "March. There's a lot of confusion in"}, {"start": "00:17:43", "end": "00:17:49", "text": "people's minds as to"}, {"start": "00:17:46", "end": "00:17:51", "text": "uh Okay, I'll just continue. Long story"}, {"start": "00:17:49", "end": "00:17:54", "text": "short, for those of you who don't know,"}, {"start": "00:17:51", "end": "00:17:57", "text": "um, multiple states within the United"}, {"start": "00:17:54", "end": "00:18:00", "text": "States have initiated some kind of a a"}, {"start": "00:17:57", "end": "00:18:04", "text": "CBDC, a central bank digital currency"}, {"start": "00:18:00", "end": "00:18:06", "text": "ban within their borders. So, let's say"}, {"start": "00:18:04", "end": "00:18:08", "text": "there let's say there is a central bank"}, {"start": "00:18:06", "end": "00:18:11", "text": "digital currency in the United States."}, {"start": "00:18:08", "end": "00:18:13", "text": "When you get to South Carolina, you"}, {"start": "00:18:11", "end": "00:18:17", "text": "wouldn't be able to use it. That's kind"}, {"start": "00:18:13", "end": "00:18:18", "text": "of the idea. But what people don't"}, {"start": "00:18:17", "end": "00:18:21", "text": "understand, and this is mainly for the"}, {"start": "00:18:18", "end": "00:18:23", "text": "public, is that a central bank doesn't"}, {"start": "00:18:21", "end": "00:18:25", "text": "have to make something for it to look"}, {"start": "00:18:23", "end": "00:18:29", "text": "exactly like a central bank digital"}, {"start": "00:18:25", "end": "00:18:33", "text": "currency. When"}, {"start": "00:18:29", "end": "00:18:35", "text": "Facebook, Amazon, and Walmart"}, {"start": "00:18:33", "end": "00:18:37", "text": "make their stable coin, it's going to"}, {"start": "00:18:35", "end": "00:18:39", "text": "have the same properties. It's it's it's"}, {"start": "00:18:37", "end": "00:18:42", "text": "it's going to be inflationary. It's"}, {"start": "00:18:39", "end": "00:18:44", "text": "going to be ruled over and controlled by"}, {"start": "00:18:42", "end": "00:18:46", "text": "a single entity. your account can still"}, {"start": "00:18:44", "end": "00:18:49", "text": "get frozen. It's just beneficial to the"}, {"start": "00:18:46", "end": "00:18:51", "text": "people who created it and not actually"}, {"start": "00:18:49", "end": "00:18:54", "text": "to you. So, a lot of these central bank"}, {"start": "00:18:51", "end": "00:18:56", "text": "digital currency banning bills, uh,"}, {"start": "00:18:54", "end": "00:18:58", "text": "yeah, sure, they I guess make sense, but"}, {"start": "00:18:56", "end": "00:19:00", "text": "you'd also have to ban stable coins"}, {"start": "00:18:58", "end": "00:19:04", "text": "because those also aren't for the actual"}, {"start": "00:19:00", "end": "00:19:07", "text": "protection of the, uh, general public."}, {"start": "00:19:04", "end": "00:19:09", "text": "South Carolina became the latest state"}, {"start": "00:19:07", "end": "00:19:13", "text": "to pass sweeping rules for digital"}, {"start": "00:19:09", "end": "00:19:15", "text": "currencies when Governor Henry McMaster"}, {"start": "00:19:13", "end": "00:19:18", "text": "put his signature on a bill that sets up"}, {"start": "00:19:15", "end": "00:19:19", "text": "protections for people who use and mine"}, {"start": "00:19:18", "end": "00:19:23", "text": "cryptocurrencies."}, {"start": "00:19:19", "end": "00:19:25", "text": "The Senate bill is added as chapter 47"}, {"start": "00:19:23", "end": "00:19:28", "text": "to South Carolina's legal code. The bill"}, {"start": "00:19:25", "end": "00:19:30", "text": "was proposed in January 2024 and face"}, {"start": "00:19:28", "end": "00:19:33", "text": "several hurdles before approval. The big"}, {"start": "00:19:30", "end": "00:19:35", "text": "the bill spells out that a central bank"}, {"start": "00:19:33", "end": "00:19:36", "text": "digital currency means digital money"}, {"start": "00:19:35", "end": "00:19:38", "text": "that comes freight straight from the"}, {"start": "00:19:36", "end": "00:19:40", "text": "Federal Reserve or another federal"}, {"start": "00:19:38", "end": "00:19:42", "text": "office. But that language makes clear"}, {"start": "00:19:40", "end": "00:19:45", "text": "that this does not cover digital money"}, {"start": "00:19:42", "end": "00:19:47", "text": "from private companies that is backed by"}, {"start": "00:19:45", "end": "00:19:49", "text": "regular dollars or governmental bonds."}, {"start": "00:19:47", "end": "00:19:52", "text": "Yeah. And people are starting to figure"}, {"start": "00:19:49", "end": "00:19:54", "text": "that out as well. A lot of people don't"}, {"start": "00:19:52", "end": "00:19:55", "text": "like the idea of a central bank digital"}, {"start": "00:19:54", "end": "00:19:59", "text": "currency. If you weren't here two years"}, {"start": "00:19:55", "end": "00:20:01", "text": "ago, uh, buckle up."}, {"start": "00:19:59", "end": "00:20:03", "text": "Two years ago, there was like a really"}, {"start": "00:20:01", "end": "00:20:06", "text": "big"}, {"start": "00:20:03", "end": "00:20:08", "text": "fear of the idea of a central bank"}, {"start": "00:20:06", "end": "00:20:11", "text": "digital currency. And people were like,"}, {"start": "00:20:08", "end": "00:20:13", "text": "well, I don't want to be traced. I don't"}, {"start": "00:20:11", "end": "00:20:16", "text": "want to have a digital currency tracing"}, {"start": "00:20:13", "end": "00:20:18", "text": "what I buy. I don't want someone knowing"}, {"start": "00:20:16", "end": "00:20:21", "text": "when I'm purchasing something. I don't."}, {"start": "00:20:18", "end": "00:20:24", "text": "And I was like, you you realize like"}, {"start": "00:20:21", "end": "00:20:26", "text": "it's 2024, right?"}, {"start": "00:20:24", "end": "00:20:30", "text": "Like everything you do is already"}, {"start": "00:20:26", "end": "00:20:32", "text": "tracked and traced. Did you think when"}, {"start": "00:20:30", "end": "00:20:35", "text": "you were tapping your phone with Apple"}, {"start": "00:20:32", "end": "00:20:37", "text": "Pay that there wasn't a record of what"}, {"start": "00:20:35", "end": "00:20:40", "text": "you were buying? Did you not think when"}, {"start": "00:20:37", "end": "00:20:43", "text": "you were buying something on Amazon or"}, {"start": "00:20:40", "end": "00:20:45", "text": "eBay? It's it's literally attached to"}, {"start": "00:20:43", "end": "00:20:48", "text": "you. The item goes to like where you"}, {"start": "00:20:45", "end": "00:20:50", "text": "live. Every we we live in a dystopia"}, {"start": "00:20:48", "end": "00:20:52", "text": "already. For those of you who weren't"}, {"start": "00:20:50", "end": "00:20:54", "text": "aware, everything is already tracked and"}, {"start": "00:20:52", "end": "00:20:57", "text": "traced."}, {"start": "00:20:54", "end": "00:20:59", "text": "What you look at online, everyone has a"}, {"start": "00:20:57", "end": "00:21:01", "text": "a what they call like a digital uh"}, {"start": "00:20:59", "end": "00:21:03", "text": "footprint or fingerprint, depends on who"}, {"start": "00:21:01", "end": "00:21:07", "text": "you're talking to."}, {"start": "00:21:03", "end": "00:21:10", "text": "Everything you do is recorded like"}, {"start": "00:21:07", "end": "00:21:11", "text": "literally in your digital name. So, when"}, {"start": "00:21:10", "end": "00:21:13", "text": "you're on your phone and you're on"}, {"start": "00:21:11", "end": "00:21:15", "text": "Instagram, this is going to shock some"}, {"start": "00:21:13", "end": "00:21:19", "text": "people, you know, like you're looking at"}, {"start": "00:21:15", "end": "00:21:22", "text": "a photo. Wink, and you're hovering over"}, {"start": "00:21:19", "end": "00:21:25", "text": "that photo that's also inscribed on your"}, {"start": "00:21:22", "end": "00:21:27", "text": "footprint."}, {"start": "00:21:25", "end": "00:21:30", "text": "It knows what you're looking at and for"}, {"start": "00:21:27", "end": "00:21:32", "text": "how long. The AI literally knows what"}, {"start": "00:21:30", "end": "00:21:34", "text": "your interests are and it's saved in"}, {"start": "00:21:32", "end": "00:21:37", "text": "your"}, {"start": "00:21:34", "end": "00:21:39", "text": "dystopian bank on the side and it says"}, {"start": "00:21:37", "end": "00:21:41", "text": "like what you like, what you look at,"}, {"start": "00:21:39", "end": "00:21:44", "text": "how long you're looking at it for, and"}, {"start": "00:21:41", "end": "00:21:46", "text": "what the content is."}, {"start": "00:21:44", "end": "00:21:50", "text": "You know that your phone also tracks and"}, {"start": "00:21:46", "end": "00:21:51", "text": "traces like where you're walking."}, {"start": "00:21:50", "end": "00:21:55", "text": "That's that's been a thing since like"}, {"start": "00:21:51", "end": "00:21:58", "text": "2015 2016, you know, like so you like"}, {"start": "00:21:55", "end": "00:22:01", "text": "you get up and you like leave, you know,"}, {"start": "00:21:58", "end": "00:22:02", "text": "you get ready, you leave your house and"}, {"start": "00:22:01", "end": "00:22:05", "text": "you walk down the street to the bus, you"}, {"start": "00:22:02", "end": "00:22:06", "text": "take the bus, you get out at your job,"}, {"start": "00:22:05", "end": "00:22:09", "text": "and then you like take the same way"}, {"start": "00:22:06", "end": "00:22:11", "text": "back. Like it has a like it's literally"}, {"start": "00:22:09", "end": "00:22:14", "text": "on Google and other apps that you use."}, {"start": "00:22:11", "end": "00:22:16", "text": "It knows your exact route that you use"}, {"start": "00:22:14", "end": "00:22:18", "text": "every single day. That's why you might"}, {"start": "00:22:16", "end": "00:22:21", "text": "have noticed if you here's another"}, {"start": "00:22:18", "end": "00:22:24", "text": "doozy. You might have already noticed if"}, {"start": "00:22:21", "end": "00:22:27", "text": "you use Uber or"}, {"start": "00:22:24", "end": "00:22:30", "text": "Uber Eats or any kind of like platform"}, {"start": "00:22:27", "end": "00:22:32", "text": "where you order food from"}, {"start": "00:22:30", "end": "00:22:34", "text": "at a certain point you'll open up the"}, {"start": "00:22:32", "end": "00:22:36", "text": "app and it'll say like do you want"}, {"start": "00:22:34", "end": "00:22:38", "text": "something delivered and it'll have a"}, {"start": "00:22:36", "end": "00:22:41", "text": "location set as home like like home"}, {"start": "00:22:38", "end": "00:22:43", "text": "where you live. Do you know why? Because"}, {"start": "00:22:41", "end": "00:22:46", "text": "the app literally tracks how long you"}, {"start": "00:22:43", "end": "00:22:50", "text": "stay in one place. So it knows if you"}, {"start": "00:22:46", "end": "00:22:53", "text": "are there from 5 6 7:00 in the late"}, {"start": "00:22:50", "end": "00:22:56", "text": "afternoon nighttime until 6 7 8 in the"}, {"start": "00:22:53", "end": "00:22:58", "text": "morning it designates that place at"}, {"start": "00:22:56", "end": "00:23:01", "text": "home. He has he has stayed in that one"}, {"start": "00:22:58", "end": "00:23:03", "text": "position in that one spot for 30 days in"}, {"start": "00:23:01", "end": "00:23:06", "text": "a row. This is now designated as home on"}, {"start": "00:23:03", "end": "00:23:09", "text": "this app."}, {"start": "00:23:06", "end": "00:23:12", "text": "Everything you do is already tracked and"}, {"start": "00:23:09", "end": "00:23:14", "text": "traced. everything"}, {"start": "00:23:12", "end": "00:23:17", "text": "there. There are satellites everywhere"}, {"start": "00:23:14", "end": "00:23:19", "text": "that literally track movements. No, no,"}, {"start": "00:23:17", "end": "00:23:22", "text": "no. I had a friend, he was working for"}, {"start": "00:23:19", "end": "00:23:25", "text": "this company. This was 3, four years"}, {"start": "00:23:22", "end": "00:23:27", "text": "ago. And he was shocked. His job was to"}, {"start": "00:23:25", "end": "00:23:28", "text": "like uh sell satellites to companies and"}, {"start": "00:23:27", "end": "00:23:30", "text": "it was working out pretty well. He was"}, {"start": "00:23:28", "end": "00:23:32", "text": "making he was making good money. And"}, {"start": "00:23:30", "end": "00:23:33", "text": "then one day he was asking some of the"}, {"start": "00:23:32", "end": "00:23:35", "text": "people he's like, \"What are what why are"}, {"start": "00:23:33", "end": "00:23:37", "text": "we selling like satellites and satellite"}, {"start": "00:23:35", "end": "00:23:39", "text": "data?\" He's like, \"What what exactly are"}, {"start": "00:23:37", "end": "00:23:42", "text": "we selling?\" And his boss was like, \"Oh,"}, {"start": "00:23:39", "end": "00:23:44", "text": "I can show you.\" Took him into the room."}, {"start": "00:23:42", "end": "00:23:46", "text": "They were showing like the feed from the"}, {"start": "00:23:44", "end": "00:23:48", "text": "actual satellites that they had that"}, {"start": "00:23:46", "end": "00:23:49", "text": "they sold a lot of that data to like"}, {"start": "00:23:48", "end": "00:23:50", "text": "farmers and stuff that that's how they"}, {"start": "00:23:49", "end": "00:23:54", "text": "categorize themselves. Like we're"}, {"start": "00:23:50", "end": "00:23:56", "text": "selling to farmers. So you can see"}, {"start": "00:23:54", "end": "00:23:59", "text": "historically like these satellites have"}, {"start": "00:23:56", "end": "00:24:01", "text": "been there for 10 years already. But now"}, {"start": "00:23:59", "end": "00:24:03", "text": "you can buy the data to see how much"}, {"start": "00:24:01", "end": "00:24:06", "text": "frost was accumulating every single year"}, {"start": "00:24:03", "end": "00:24:08", "text": "and if the frost was actually happening"}, {"start": "00:24:06", "end": "00:24:10", "text": "earlier every single year. so you could"}, {"start": "00:24:08", "end": "00:24:11", "text": "prepare accordingly. And he was like,"}, {"start": "00:24:10", "end": "00:24:12", "text": "\"So we've already been looking at these"}, {"start": "00:24:11", "end": "00:24:14", "text": "things.\" Yeah. Like we we've been"}, {"start": "00:24:12", "end": "00:24:16", "text": "looking at these things for years and"}, {"start": "00:24:14", "end": "00:24:18", "text": "now then we sell the data to them so"}, {"start": "00:24:16", "end": "00:24:20", "text": "that they have, you know, a guesstimate"}, {"start": "00:24:18", "end": "00:24:22", "text": "as to what's coming next. And then he"}, {"start": "00:24:20", "end": "00:24:25", "text": "was showing me like they already have"}, {"start": "00:24:22", "end": "00:24:27", "text": "satellites that listen. Oh yeah. Yeah."}, {"start": "00:24:25", "end": "00:24:30", "text": "Actually, yeah. They can like read"}, {"start": "00:24:27", "end": "00:24:31", "text": "mouths like in the sky. Like this isn't"}, {"start": "00:24:30", "end": "00:24:33", "text": "a science fiction thing anymore. They"}, {"start": "00:24:31", "end": "00:24:35", "text": "can literally like see what your lips"}, {"start": "00:24:33", "end": "00:24:37", "text": "are saying and it knows exactly what"}, {"start": "00:24:35", "end": "00:24:39", "text": "you're talking about. That technology"}, {"start": "00:24:37", "end": "00:24:40", "text": "has actually even been in the UK for"}, {"start": "00:24:39", "end": "00:24:45", "text": "years. If you've never been to London"}, {"start": "00:24:40", "end": "00:24:49", "text": "before, London is covered"}, {"start": "00:24:45", "end": "00:24:52", "text": "covered in cameras at every single"}, {"start": "00:24:49", "end": "00:24:54", "text": "corner. There there are microphones in"}, {"start": "00:24:52", "end": "00:24:56", "text": "the street lamps in London and I assume"}, {"start": "00:24:54", "end": "00:25:00", "text": "many other places around the world that"}, {"start": "00:24:56", "end": "00:25:02", "text": "can uh detect how high you're raising"}, {"start": "00:25:00", "end": "00:25:03", "text": "your voice."}, {"start": "00:25:02", "end": "00:25:07", "text": "So, let's say you're in the street with"}, {"start": "00:25:03", "end": "00:25:10", "text": "someone and altercation happens and you"}, {"start": "00:25:07", "end": "00:25:12", "text": "start raising your voice. If if if it"}, {"start": "00:25:10", "end": "00:25:14", "text": "dictates that something is off, like"}, {"start": "00:25:12", "end": "00:25:16", "text": "your voice is being, you know, they're"}, {"start": "00:25:14", "end": "00:25:20", "text": "raising too high, local authorities will"}, {"start": "00:25:16", "end": "00:25:23", "text": "be called to that location already."}, {"start": "00:25:20", "end": "00:25:25", "text": "That's where we are."}, {"start": "00:25:23", "end": "00:25:27", "text": "So this idea a couple of years ago of"}, {"start": "00:25:25", "end": "00:25:29", "text": "everyone being so afraid of central bank"}, {"start": "00:25:27", "end": "00:25:32", "text": "digital currencies and and their"}, {"start": "00:25:29", "end": "00:25:36", "text": "transactions being tracked. I was like"}, {"start": "00:25:32", "end": "00:25:39", "text": "do you do you know what the internet is?"}, {"start": "00:25:36", "end": "00:25:42", "text": "Do were you were you at all aware? And"}, {"start": "00:25:39", "end": "00:25:45", "text": "that's like that's surface level for"}, {"start": "00:25:42", "end": "00:25:48", "text": "those of you who don't know. Everything"}, {"start": "00:25:45", "end": "00:25:50", "text": "we do is tracked already. They already"}, {"start": "00:25:48", "end": "00:25:51", "text": "know what you're buying. They already"}, {"start": "00:25:50", "end": "00:25:53", "text": "know if if you decide to take out cash"}, {"start": "00:25:51", "end": "00:25:54", "text": "from an ATM and you walk into a store,"}, {"start": "00:25:53", "end": "00:25:57", "text": "they know they know what store you've"}, {"start": "00:25:54", "end": "00:25:59", "text": "walked into. You walked into it with"}, {"start": "00:25:57", "end": "00:26:01", "text": "your phone. Have you ever thought like"}, {"start": "00:25:59", "end": "00:26:03", "text": "when you walk into even in supermarkets"}, {"start": "00:26:01", "end": "00:26:06", "text": "now, when you walk into a supermarket,"}, {"start": "00:26:03", "end": "00:26:07", "text": "when you walk into a clothing store, you"}, {"start": "00:26:06", "end": "00:26:10", "text": "look at your phone and you're auto"}, {"start": "00:26:07", "end": "00:26:14", "text": "you're auto linked to their Wi-Fi. That"}, {"start": "00:26:10", "end": "00:26:16", "text": "is another literal digital step for you."}, {"start": "00:26:14", "end": "00:26:18", "text": "They know exactly where you're walking"}, {"start": "00:26:16", "end": "00:26:19", "text": "and what store you went into. You can"}, {"start": "00:26:18", "end": "00:26:20", "text": "have a whole bunch of cash in your hand."}, {"start": "00:26:19", "end": "00:26:22", "text": "You pay for something, but they know"}, {"start": "00:26:20", "end": "00:26:24", "text": "when you walked out. There are cameras"}, {"start": "00:26:22", "end": "00:26:26", "text": "that show when you walked out. Your"}, {"start": "00:26:24", "end": "00:26:27", "text": "phone shows when you left the premises"}, {"start": "00:26:26", "end": "00:26:29", "text": "and what other store you went to after"}, {"start": "00:26:27", "end": "00:26:32", "text": "that."}, {"start": "00:26:29", "end": "00:26:33", "text": "We are well beyond the idea of like a"}, {"start": "00:26:32", "end": "00:26:36", "text": "central bank digital currency being"}, {"start": "00:26:33", "end": "00:26:39", "text": "something scary. The money you do now"}, {"start": "00:26:36", "end": "00:26:40", "text": "like PayPal like like the the the the"}, {"start": "00:26:39", "end": "00:26:42", "text": "things you already used already tracking"}, {"start": "00:26:40", "end": "00:26:45", "text": "you to a tea. People were like, \"Well,"}, {"start": "00:26:42", "end": "00:26:48", "text": "they can they can they can freeze your"}, {"start": "00:26:45", "end": "00:26:50", "text": "your accounts.\" Do you have like have"}, {"start": "00:26:48", "end": "00:26:52", "text": "you ever used the bank? They can freeze"}, {"start": "00:26:50", "end": "00:26:55", "text": "your account for anything anytime they"}, {"start": "00:26:52", "end": "00:26:58", "text": "want. The scariest part of a central"}, {"start": "00:26:55", "end": "00:27:01", "text": "bank digital currency is this absorption"}, {"start": "00:26:58", "end": "00:27:04", "text": "that they'd be able to do in the so like"}, {"start": "00:27:01", "end": "00:27:07", "text": "let's say like there's a a a stock"}, {"start": "00:27:04", "end": "00:27:10", "text": "market crash and I mean like a 2008 to"}, {"start": "00:27:07", "end": "00:27:11", "text": "the max kind of crash with a central"}, {"start": "00:27:10", "end": "00:27:14", "text": "bank digital currency. They said they"}, {"start": "00:27:11", "end": "00:27:16", "text": "would do this. they'd essentially be"}, {"start": "00:27:14", "end": "00:27:18", "text": "able to like take money from your"}, {"start": "00:27:16", "end": "00:27:20", "text": "account."}, {"start": "00:27:18", "end": "00:27:22", "text": "All of you take money in until it"}, {"start": "00:27:20", "end": "00:27:24", "text": "amounts to a certain amount that would"}, {"start": "00:27:22", "end": "00:27:27", "text": "be enough to like kind of restart the"}, {"start": "00:27:24", "end": "00:27:28", "text": "economy. And that scared a lot of"}, {"start": "00:27:27", "end": "00:27:30", "text": "people. And I was like, they already do"}, {"start": "00:27:28", "end": "00:27:33", "text": "that now. There's a reason why you're"}, {"start": "00:27:30", "end": "00:27:36", "text": "getting 0.1% of your bank and not 5%"}, {"start": "00:27:33", "end": "00:27:37", "text": "like you got years ago. All that money"}, {"start": "00:27:36", "end": "00:27:39", "text": "is already being like put to the side"}, {"start": "00:27:37", "end": "00:27:41", "text": "extra. the extra money that you're"}, {"start": "00:27:39", "end": "00:27:42", "text": "paying when it comes to like, you know,"}, {"start": "00:27:41", "end": "00:27:45", "text": "they, you know, they're not going to"}, {"start": "00:27:42", "end": "00:27:47", "text": "freeze your your so and so with a with a"}, {"start": "00:27:45", "end": "00:27:49", "text": "Walmart stable coin, but there's a"}, {"start": "00:27:47", "end": "00:27:54", "text": "reason the extra money that you're"}, {"start": "00:27:49", "end": "00:27:57", "text": "already paying 33% in one year, that's a"}, {"start": "00:27:54", "end": "00:27:57", "text": "tax."}, {"start": "00:27:58", "end": "00:28:05", "text": "So anyway, it says businesses"}, {"start": "00:28:02", "end": "00:28:08", "text": "that mine digital assets in areas zoned"}, {"start": "00:28:05", "end": "00:28:11", "text": "for industrial use now have legal"}, {"start": "00:28:08", "end": "00:28:14", "text": "protection. Local governments cannot put"}, {"start": "00:28:11", "end": "00:28:17", "text": "unfair zoning rules on these operations"}, {"start": "00:28:14", "end": "00:28:19", "text": "or target them with harsh noise limits"}, {"start": "00:28:17", "end": "00:28:20", "text": "or rules that single them out. Some of"}, {"start": "00:28:19", "end": "00:28:22", "text": "them are pretty bad though. If you"}, {"start": "00:28:20", "end": "00:28:24", "text": "haven't seen like the actual like noise"}, {"start": "00:28:22", "end": "00:28:27", "text": "stuff, a lot of times people are putting"}, {"start": "00:28:24", "end": "00:28:30", "text": "their cryptocurrency mining operation"}, {"start": "00:28:27", "end": "00:28:34", "text": "thing like next to small towns and I"}, {"start": "00:28:30", "end": "00:28:37", "text": "mean like this 500, 800,500 people like"}, {"start": "00:28:34", "end": "00:28:39", "text": "a like a small town. They're trying to"}, {"start": "00:28:37", "end": "00:28:42", "text": "find cheaper electricity to actually"}, {"start": "00:28:39", "end": "00:28:43", "text": "mine the crypto. These mining factories"}, {"start": "00:28:42", "end": "00:28:45", "text": "are loud."}, {"start": "00:28:43", "end": "00:28:49", "text": "They're not like like like like a loud"}, {"start": "00:28:45", "end": "00:28:51", "text": "hum. It's tens of thousands of machines"}, {"start": "00:28:49", "end": "00:28:54", "text": "linked up together. Have you ever like"}, {"start": "00:28:51", "end": "00:28:56", "text": "you know how we've all had like like"}, {"start": "00:28:54", "end": "00:28:59", "text": "like one of those like uh computer"}, {"start": "00:28:56", "end": "00:29:00", "text": "towers, you know, like the old you might"}, {"start": "00:28:59", "end": "00:29:03", "text": "still have one like the like like the"}, {"start": "00:29:00", "end": "00:29:05", "text": "Windows 95 97 2000 like the old like"}, {"start": "00:29:03", "end": "00:29:07", "text": "tower. This is basically how a lot of"}, {"start": "00:29:05", "end": "00:29:09", "text": "like the setups look sometimes for the"}, {"start": "00:29:07", "end": "00:29:11", "text": "cryptocurrency mining things, you know,"}, {"start": "00:29:09", "end": "00:29:15", "text": "like when you were like really using"}, {"start": "00:29:11", "end": "00:29:19", "text": "your computer and it was like like loud."}, {"start": "00:29:15", "end": "00:29:21", "text": "Now imagine 10,000 of those next to your"}, {"start": "00:29:19", "end": "00:29:23", "text": "town."}, {"start": "00:29:21", "end": "00:29:26", "text": "So people in the states have begun like"}, {"start": "00:29:23", "end": "00:29:27", "text": "complaining or actually around the world"}, {"start": "00:29:26", "end": "00:29:30", "text": "like complaining like hey it's really"}, {"start": "00:29:27", "end": "00:29:32", "text": "loud and then these people are like no"}, {"start": "00:29:30", "end": "00:29:33", "text": "that's unfair and it's like well people"}, {"start": "00:29:32", "end": "00:29:36", "text": "also would like to sleep cuz they have"}, {"start": "00:29:33", "end": "00:29:37", "text": "to go to work in the morning and also a"}, {"start": "00:29:36", "end": "00:29:41", "text": "lot of times these people are draining"}, {"start": "00:29:37", "end": "00:29:43", "text": "the electricity from those towns and or"}, {"start": "00:29:41", "end": "00:29:46", "text": "using their current like electricity"}, {"start": "00:29:43", "end": "00:29:47", "text": "system causing the electricity to go"}, {"start": "00:29:46", "end": "00:29:50", "text": "more expensive for the people living in"}, {"start": "00:29:47", "end": "00:29:52", "text": "those towns."}, {"start": "00:29:50", "end": "00:29:55", "text": "Have you seen like all the AI data"}, {"start": "00:29:52", "end": "00:29:58", "text": "center news? They're building them in"}, {"start": "00:29:55", "end": "00:30:00", "text": "like small or very poor towns in the"}, {"start": "00:29:58", "end": "00:30:02", "text": "United States. These people there,"}, {"start": "00:30:00", "end": "00:30:04", "text": "there's the one family, they said their"}, {"start": "00:30:02", "end": "00:30:05", "text": "electricity bill was normally like 80 90"}, {"start": "00:30:04", "end": "00:30:08", "text": "per month. They like they, you know,"}, {"start": "00:30:05", "end": "00:30:11", "text": "they live in a little small what have"}, {"start": "00:30:08", "end": "00:30:14", "text": "you. Their bill went up to like $600 and"}, {"start": "00:30:11", "end": "00:30:16", "text": "they were like, \"What?\" It was because"}, {"start": "00:30:14", "end": "00:30:19", "text": "of these these companies siphoning off"}, {"start": "00:30:16", "end": "00:30:22", "text": "the electricity and basically like using"}, {"start": "00:30:19", "end": "00:30:22", "text": "their infrastructure."}, {"start": "00:30:23", "end": "00:30:29", "text": "Anyway, yeah, so a lot of the states are"}, {"start": "00:30:26", "end": "00:30:31", "text": "beginning to uh"}, {"start": "00:30:29", "end": "00:30:34", "text": "create cryptocurrency"}, {"start": "00:30:31", "end": "00:30:37", "text": "laws and other things like that. And"}, {"start": "00:30:34", "end": "00:30:42", "text": "let's let's see where this all goes"}, {"start": "00:30:37", "end": "00:30:44", "text": "because um cool. Yeah. I mean, you know,"}, {"start": "00:30:42", "end": "00:30:45", "text": "we've been told for years that we need"}, {"start": "00:30:44", "end": "00:30:47", "text": "rules and regulations or the crypto"}, {"start": "00:30:45", "end": "00:30:48", "text": "market isn't going to go anywhere. So,"}, {"start": "00:30:47", "end": "00:30:50", "text": "now we're getting all these rules and"}, {"start": "00:30:48", "end": "00:30:54", "text": "regulations and the big shebang is"}, {"start": "00:30:50", "end": "00:30:56", "text": "supposed to be the Clarity Act. So, um"}, {"start": "00:30:54", "end": "00:31:00", "text": "let's see"}, {"start": "00:30:56", "end": "00:31:02", "text": "if when if"}, {"start": "00:31:00", "end": "00:31:04", "text": "that ends up getting passed."}, {"start": "00:31:02", "end": "00:31:07", "text": "Well, I think that's going to do it for"}, {"start": "00:31:04", "end": "00:31:09", "text": "this video. I do hope that you have all"}, {"start": "00:31:07", "end": "00:31:12", "text": "enjoyed."}, {"start": "00:31:09", "end": "00:31:14", "text": "I hope you all are having a great day,"}, {"start": "00:31:12", "end": "00:31:17", "text": "morning, afternoon, evening, wherever"}, {"start": "00:31:14", "end": "00:31:20", "text": "you are, wherever the heck you might be."}, {"start": "00:31:17", "end": "00:31:22", "text": "I do hope it's absolutely fantastic."}, {"start": "00:31:20", "end": "00:31:24", "text": "Thank you all once again for watching,"}, {"start": "00:31:22", "end": "00:31:28", "text": "uh listening, liking, commenting, and"}, {"start": "00:31:24", "end": "00:31:32", "text": "supporting. And I will most certainly be"}, {"start": "00:31:28", "end": "00:31:35", "text": "talking to you all soon."}, {"start": "00:31:32", "end": "00:31:35", "text": "See you."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Trump media is selling and selling"}, {"start": "00:00:02", "end": "00:00:06", "text": "Bitcoin. 205 million Bitcoin. Well, if"}, {"start": "00:00:05", "end": "00:00:08", "text": "you track what they're sending to"}, {"start": "00:00:06", "end": "00:00:10", "text": "exchanges, they're selling at a loss."}, {"start": "00:00:08", "end": "00:00:12", "text": "They're down 445 million on their"}, {"start": "00:00:10", "end": "00:00:13", "text": "Bitcoin holdings. So, this is good. This"}, {"start": "00:00:12", "end": "00:00:15", "text": "is what I mean. Like, we need people to"}, {"start": "00:00:13", "end": "00:00:17", "text": "sell their coins. Like, coins have to"}, {"start": "00:00:15", "end": "00:00:20", "text": "change hands. It takes time. If you just"}, {"start": "00:00:17", "end": "00:00:21", "text": "dump quickly, and then you do V-shape"}, {"start": "00:00:20", "end": "00:00:23", "text": "recovery like many people hope for, it"}, {"start": "00:00:21", "end": "00:00:24", "text": "doesn't work like that. I love this"}, {"start": "00:00:23", "end": "00:00:26", "text": "crushing of the souls in the bear market"}, {"start": "00:00:24", "end": "00:00:28", "text": "where people give up hope. They think"}, {"start": "00:00:26", "end": "00:00:28", "text": "it's over."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "going live. We're clicking the button."}, {"start": "00:00:01", "end": "00:00:05", "text": "Oh yes. Oh yes. Oh yes. Oh yes. Guys,"}, {"start": "00:00:03", "end": "00:00:07", "text": "welcome to another episode. And as you"}, {"start": "00:00:05", "end": "00:00:11", "text": "can see right now, Bitcoin is going"}, {"start": "00:00:07", "end": "00:00:12", "text": "below 73K. We're currently at 72.7."}, {"start": "00:00:11", "end": "00:00:15", "text": "We're dropping and dropping and dropping"}, {"start": "00:00:12", "end": "00:00:16", "text": "and dropping and dropping. People are in"}, {"start": "00:00:15", "end": "00:00:18", "text": "disbelief because they thought we're"}, {"start": "00:00:16", "end": "00:00:21", "text": "going to go to alltime high very"}, {"start": "00:00:18", "end": "00:00:24", "text": "quickly. We told you since October 8th"}, {"start": "00:00:21", "end": "00:00:27", "text": "to take a chill pill. We're in bare"}, {"start": "00:00:24", "end": "00:00:29", "text": "market. It is a lower high after lower"}, {"start": "00:00:27", "end": "00:00:30", "text": "high after lower high. a high and then a"}, {"start": "00:00:29", "end": "00:00:32", "text": "lower high and then look you're like"}, {"start": "00:00:30", "end": "00:00:34", "text": "it's a tech it's a textbook literally if"}, {"start": "00:00:32", "end": "00:00:36", "text": "you open up a textbook a trading"}, {"start": "00:00:34", "end": "00:00:38", "text": "textbook and you look at what is a"}, {"start": "00:00:36", "end": "00:00:40", "text": "downtrend you will see this picture"}, {"start": "00:00:38", "end": "00:00:43", "text": "literally a high a lower high and a"}, {"start": "00:00:40", "end": "00:00:46", "text": "lower high but the amount of bull"}, {"start": "00:00:43", "end": "00:00:48", "text": "jaculation premature bull jculation as"}, {"start": "00:00:46", "end": "00:00:51", "text": "we call it that happened right here it"}, {"start": "00:00:48", "end": "00:00:52", "text": "was quite crazy it was quite quite crazy"}, {"start": "00:00:51", "end": "00:00:56", "text": "but there is a silver lining here and"}, {"start": "00:00:52", "end": "00:00:58", "text": "that's that if if we see a final flash"}, {"start": "00:00:56", "end": "00:01:00", "text": "in the coming weeks Let's say we go into"}, {"start": "00:00:58", "end": "00:01:02", "text": "this buy zone which would be a very nice"}, {"start": "00:01:00", "end": "00:01:04", "text": "proposition. Fantastic price to buy"}, {"start": "00:01:02", "end": "00:01:06", "text": "Bitcoin at at around here 200 week"}, {"start": "00:01:04", "end": "00:01:08", "text": "moving average which is currently at 61."}, {"start": "00:01:06", "end": "00:01:11", "text": "If we go there guys I think it's the"}, {"start": "00:01:08", "end": "00:01:13", "text": "last flash is the last flash last flash"}, {"start": "00:01:11", "end": "00:01:15", "text": "before the great Valhalla. The great"}, {"start": "00:01:13", "end": "00:01:18", "text": "Valhalla of 2027. Let me know if you"}, {"start": "00:01:15", "end": "00:01:20", "text": "love great Valhalla of 2027. Write in"}, {"start": "00:01:18", "end": "00:01:22", "text": "the comment section. Ivan I love the"}, {"start": "00:01:20", "end": "00:01:24", "text": "great Valhalla because I think we're"}, {"start": "00:01:22", "end": "00:01:26", "text": "going to have great Valhalla towards the"}, {"start": "00:01:24", "end": "00:01:27", "text": "end of this year. We're going to"}, {"start": "00:01:26", "end": "00:01:30", "text": "probably boop down a bit to the buy"}, {"start": "00:01:27", "end": "00:01:33", "text": "zone, but at the end of the day, you"}, {"start": "00:01:30", "end": "00:01:36", "text": "will see money rotating from all of this"}, {"start": "00:01:33", "end": "00:01:38", "text": "AI for guys that's going on and some AI"}, {"start": "00:01:36", "end": "00:01:40", "text": "is great, but just the valations are so"}, {"start": "00:01:38", "end": "00:01:43", "text": "big and also you will have political"}, {"start": "00:01:40", "end": "00:01:46", "text": "pressure coming after AI because as you"}, {"start": "00:01:43", "end": "00:01:49", "text": "know currently many people hate AI. A"}, {"start": "00:01:46", "end": "00:01:52", "text": "few weeks ago we played this video where"}, {"start": "00:01:49", "end": "00:01:54", "text": "Eric Schmidt was having a talk in the"}, {"start": "00:01:52", "end": "00:01:55", "text": "university like graduation talk or"}, {"start": "00:01:54", "end": "00:01:59", "text": "whatever. He was there to inspire the"}, {"start": "00:01:55", "end": "00:02:01", "text": "youth and he said AI is coming. AI is"}, {"start": "00:01:59", "end": "00:02:02", "text": "going to be great. AI is going to be so"}, {"start": "00:02:01", "end": "00:02:05", "text": "fantastic. It's going to touch all"}, {"start": "00:02:02", "end": "00:02:08", "text": "industries. And the freaking student"}, {"start": "00:02:05", "end": "00:02:11", "text": "started to boo. Literally told him, \"Get"}, {"start": "00:02:08", "end": "00:02:14", "text": "out of here. We don't want AI.\" People"}, {"start": "00:02:11", "end": "00:02:17", "text": "hate AI. The average playback Joe, he"}, {"start": "00:02:14", "end": "00:02:19", "text": "hates AI. He doesn't want AI. He He"}, {"start": "00:02:17", "end": "00:02:21", "text": "doesn't want any change. So, the"}, {"start": "00:02:19", "end": "00:02:24", "text": "political pressure on AI is going to be"}, {"start": "00:02:21", "end": "00:02:27", "text": "massive. You will have the Democrats"}, {"start": "00:02:24", "end": "00:02:29", "text": "likely taking this issue as a way to get"}, {"start": "00:02:27", "end": "00:02:33", "text": "back in power, saying that they're gonna"}, {"start": "00:02:29", "end": "00:02:36", "text": "tax the crap out of AI. Maybe 50% tax,"}, {"start": "00:02:33", "end": "00:02:38", "text": "maybe 40% tax. This will be a new"}, {"start": "00:02:36", "end": "00:02:40", "text": "political movement that likely is going"}, {"start": "00:02:38", "end": "00:02:43", "text": "to start start around midterms because"}, {"start": "00:02:40", "end": "00:02:44", "text": "that's when a lot of political discourse"}, {"start": "00:02:43", "end": "00:02:46", "text": "is going to take place. But then also"}, {"start": "00:02:44", "end": "00:02:49", "text": "think about the next the next"}, {"start": "00:02:46", "end": "00:02:51", "text": "presidential election. The Democrats"}, {"start": "00:02:49", "end": "00:02:53", "text": "will have to figure something out here"}, {"start": "00:02:51", "end": "00:02:55", "text": "and likely is going to be a position"}, {"start": "00:02:53", "end": "00:02:58", "text": "against the rich tax the crap out of the"}, {"start": "00:02:55", "end": "00:03:02", "text": "rich and against the AI tax the crap out"}, {"start": "00:02:58", "end": "00:03:05", "text": "of AI. So the market will have to price"}, {"start": "00:03:02", "end": "00:03:06", "text": "in this political instability that AI"}, {"start": "00:03:05", "end": "00:03:09", "text": "has. It's a very very big political"}, {"start": "00:03:06", "end": "00:03:12", "text": "instability. Meanwhile, crypto is"}, {"start": "00:03:09", "end": "00:03:14", "text": "opening up a new way to invest where you"}, {"start": "00:03:12", "end": "00:03:15", "text": "have political stability. It's very very"}, {"start": "00:03:14", "end": "00:03:17", "text": "politically stable now. I mean, look at"}, {"start": "00:03:15", "end": "00:03:19", "text": "all of the regulation that's coming"}, {"start": "00:03:17", "end": "00:03:20", "text": "through. That's number one. Number I"}, {"start": "00:03:19", "end": "00:03:25", "text": "mean, isn't this crazy, guys? Isn't this"}, {"start": "00:03:20", "end": "00:03:26", "text": "crazy? Crypto is politically stable."}, {"start": "00:03:25", "end": "00:03:28", "text": "I think it's crazy, guys. I think it's"}, {"start": "00:03:26", "end": "00:03:30", "text": "crazy. Finally, we have a politically"}, {"start": "00:03:28", "end": "00:03:32", "text": "stable ecosystem. But that that's number"}, {"start": "00:03:30", "end": "00:03:34", "text": "one. It's politically stable. We have"}, {"start": "00:03:32", "end": "00:03:35", "text": "all the regulation, the Genius Act, the"}, {"start": "00:03:34", "end": "00:03:36", "text": "Clarity Act. Like all this is coming"}, {"start": "00:03:35", "end": "00:03:39", "text": "online. That's fantastic. That's number"}, {"start": "00:03:36", "end": "00:03:40", "text": "one. But number two, also, let's say"}, {"start": "00:03:39", "end": "00:03:43", "text": "you're a rich person. You're Jeff Bezos,"}, {"start": "00:03:40", "end": "00:03:45", "text": "man. Jeff Bezos now is very scared. Jeff"}, {"start": "00:03:43", "end": "00:03:48", "text": "Basis is speaking about that you should"}, {"start": "00:03:45", "end": "00:03:50", "text": "lower tax on working people kind of"}, {"start": "00:03:48", "end": "00:03:53", "text": "trying to get the worker plebe on his"}, {"start": "00:03:50", "end": "00:03:54", "text": "side. He's now doing media uh media"}, {"start": "00:03:53", "end": "00:03:57", "text": "appearances like speaking about the fact"}, {"start": "00:03:54", "end": "00:03:59", "text": "that taxes are too high for the uh"}, {"start": "00:03:57", "end": "00:04:01", "text": "average Joe. I mean just look at this."}, {"start": "00:03:59", "end": "00:04:03", "text": "Jeff Bezos says bottom 50% of Americans"}, {"start": "00:04:01", "end": "00:04:04", "text": "should pay no tax. Why is he saying all"}, {"start": "00:04:03", "end": "00:04:06", "text": "of this? Because there's a lot of"}, {"start": "00:04:04", "end": "00:04:08", "text": "pressure on him. Like he he is the"}, {"start": "00:04:06", "end": "00:04:10", "text": "number one rich guy everyone wants to"}, {"start": "00:04:08", "end": "00:04:11", "text": "tax. Wouldn't it be nice for him to have"}, {"start": "00:04:10", "end": "00:04:13", "text": "a bit of Zcash? I mean, just as a"}, {"start": "00:04:11", "end": "00:04:16", "text": "proposal, Jeff, just as a proposal,"}, {"start": "00:04:13", "end": "00:04:19", "text": "there is Zcash. Okay, there is Zcash and"}, {"start": "00:04:16", "end": "00:04:21", "text": "uh it's very nice for your use case, it"}, {"start": "00:04:19", "end": "00:04:23", "text": "could be very nice to maybe put a bit"}, {"start": "00:04:21", "end": "00:04:25", "text": "into Zcash because I don't know how much"}, {"start": "00:04:23", "end": "00:04:27", "text": "this, you know, donut licking is going"}, {"start": "00:04:25", "end": "00:04:29", "text": "to help you here. Okay, they're coming."}, {"start": "00:04:27", "end": "00:04:31", "text": "They're coming for your money and"}, {"start": "00:04:29", "end": "00:04:32", "text": "they're coming very, very fast. No"}, {"start": "00:04:31", "end": "00:04:34", "text": "matter what you say in the media here"}, {"start": "00:04:32", "end": "00:04:37", "text": "that, hey guys, maybe you should not get"}, {"start": "00:04:34", "end": "00:04:39", "text": "taxed. Don't tax me and you don't get"}, {"start": "00:04:37", "end": "00:04:41", "text": "taxed also. No, focus on the politician."}, {"start": "00:04:39", "end": "00:04:43", "text": "He's trying basically to ship shift the"}, {"start": "00:04:41", "end": "00:04:45", "text": "focus from himself to the like"}, {"start": "00:04:43", "end": "00:04:47", "text": "inefficiencies in the government. But"}, {"start": "00:04:45", "end": "00:04:49", "text": "Jeff, it's not going to help you. Zcash"}, {"start": "00:04:47", "end": "00:04:51", "text": "can help you. Zcash can help you. Okay."}, {"start": "00:04:49", "end": "00:04:53", "text": "I I think more and more people will"}, {"start": "00:04:51", "end": "00:04:55", "text": "start waking up to this uh idea that"}, {"start": "00:04:53", "end": "00:04:56", "text": "hey, maybe crypto is kind of nice. Maybe"}, {"start": "00:04:55", "end": "00:04:58", "text": "it's kind of nice, especially when you"}, {"start": "00:04:56", "end": "00:04:59", "text": "want a bit of sovereignty. You want a"}, {"start": "00:04:58", "end": "00:05:01", "text": "bit of encrypted money. It is kind of"}, {"start": "00:04:59", "end": "00:05:04", "text": "nice. It's not it's not unice. It's not"}, {"start": "00:05:01", "end": "00:05:08", "text": "it's not it's not bad. It's it's good."}, {"start": "00:05:04", "end": "00:05:10", "text": "Okay. But so now back to reality, guys."}, {"start": "00:05:08", "end": "00:05:12", "text": "the now that we spoke about the Valhalla"}, {"start": "00:05:10", "end": "00:05:14", "text": "likely coming in 2027. Before we get to"}, {"start": "00:05:12", "end": "00:05:16", "text": "Valhalla, I I think we need to go into"}, {"start": "00:05:14", "end": "00:05:18", "text": "another flash. I think I think that's"}, {"start": "00:05:16", "end": "00:05:20", "text": "that's what's left. You need another"}, {"start": "00:05:18", "end": "00:05:22", "text": "flash. There are still people that are"}, {"start": "00:05:20", "end": "00:05:23", "text": "too bullish, you know, here. I knew that"}, {"start": "00:05:22", "end": "00:05:25", "text": "this is likely not going to go to"}, {"start": "00:05:23", "end": "00:05:27", "text": "alltime high. Why? Because people were"}, {"start": "00:05:25", "end": "00:05:29", "text": "so bullish. It was quite insane. It was"}, {"start": "00:05:27", "end": "00:05:32", "text": "quite insane. It was so And I have all"}, {"start": "00:05:29", "end": "00:05:34", "text": "of the I will actually maybe create a"}, {"start": "00:05:32", "end": "00:05:36", "text": "documentary on all of this. Let me know"}, {"start": "00:05:34", "end": "00:05:40", "text": "guys if you want that. But um I I have"}, {"start": "00:05:36", "end": "00:05:42", "text": "uh collected basically samples of the"}, {"start": "00:05:40", "end": "00:05:45", "text": "sentiment around this time when we like"}, {"start": "00:05:42", "end": "00:05:48", "text": "had a fake out here at 83. I have all of"}, {"start": "00:05:45", "end": "00:05:51", "text": "the samples like what people wrote uh"}, {"start": "00:05:48", "end": "00:05:52", "text": "online, what people said. Uh and it's"}, {"start": "00:05:51", "end": "00:05:54", "text": "going to be quite crazy. It's going to"}, {"start": "00:05:52", "end": "00:05:56", "text": "be if we do this documentary, it's going"}, {"start": "00:05:54", "end": "00:05:59", "text": "to be quite crazy. But anyway, uh people"}, {"start": "00:05:56", "end": "00:06:01", "text": "who did listen to our calls from October"}, {"start": "00:05:59", "end": "00:06:02", "text": "8th, but also like throughout this whole"}, {"start": "00:06:01", "end": "00:06:05", "text": "situation, they're in a very good"}, {"start": "00:06:02", "end": "00:06:08", "text": "position. If you instead waited for ISM"}, {"start": "00:06:05", "end": "00:06:09", "text": "to kick in, you are losing 80 90% of"}, {"start": "00:06:08", "end": "00:06:11", "text": "your portfolio. But again, Valhalla"}, {"start": "00:06:09", "end": "00:06:13", "text": "coming, I don't want to be uh too"}, {"start": "00:06:11", "end": "00:06:16", "text": "bearish here because listen, we will"}, {"start": "00:06:13", "end": "00:06:18", "text": "have likely a a uh a uh a a boop to the"}, {"start": "00:06:16", "end": "00:06:20", "text": "downside, like a small boop to the"}, {"start": "00:06:18", "end": "00:06:22", "text": "downside. That's very very likely and"}, {"start": "00:06:20", "end": "00:06:26", "text": "that small boop may take us into the buy"}, {"start": "00:06:22", "end": "00:06:28", "text": "zone. But overall, now it is time to uh"}, {"start": "00:06:26", "end": "00:06:29", "text": "really start thinking about Q4, guys."}, {"start": "00:06:28", "end": "00:06:31", "text": "Okay, that that's really really time to"}, {"start": "00:06:29", "end": "00:06:33", "text": "start and and that's how you profit from"}, {"start": "00:06:31", "end": "00:06:34", "text": "the bare market in the best possible way"}, {"start": "00:06:33", "end": "00:06:37", "text": "because you have money to to invest in"}, {"start": "00:06:34", "end": "00:06:38", "text": "in the next bull because we really"}, {"start": "00:06:37", "end": "00:06:40", "text": "thought about this whole situation"}, {"start": "00:06:38", "end": "00:06:43", "text": "properly since October. The biggest"}, {"start": "00:06:40", "end": "00:06:45", "text": "payoff here is that you have money to"}, {"start": "00:06:43", "end": "00:06:46", "text": "invest in uh Q4. Okay, that's the"}, {"start": "00:06:45", "end": "00:06:48", "text": "biggest then of course we've been"}, {"start": "00:06:46", "end": "00:06:49", "text": "shorting the crap out of this market."}, {"start": "00:06:48", "end": "00:06:51", "text": "We've been using the money line. We've"}, {"start": "00:06:49", "end": "00:06:53", "text": "been I mean there there are many many"}, {"start": "00:06:51", "end": "00:06:55", "text": "things that were super shortable. Uh"}, {"start": "00:06:53", "end": "00:06:56", "text": "especially when you look on the weekly,"}, {"start": "00:06:55", "end": "00:06:58", "text": "you look at all of the things that have"}, {"start": "00:06:56", "end": "00:07:00", "text": "fallen like uh there's no tomorrow. I"}, {"start": "00:06:58", "end": "00:07:02", "text": "mean everything here with Celestia, all"}, {"start": "00:07:00", "end": "00:07:04", "text": "this blue like shorting is it's it's an"}, {"start": "00:07:02", "end": "00:07:06", "text": "important part of the bear and we've"}, {"start": "00:07:04", "end": "00:07:08", "text": "been proficing"}, {"start": "00:07:06", "end": "00:07:10", "text": "a lot from the shorting. Uh and I mean"}, {"start": "00:07:08", "end": "00:07:12", "text": "listen, a lot of this is vaporware. So"}, {"start": "00:07:10", "end": "00:07:14", "text": "you short vaporware, it's fantastic."}, {"start": "00:07:12", "end": "00:07:16", "text": "Optimismus 92%. Vitalik checking out"}, {"start": "00:07:14", "end": "00:07:18", "text": "from ETH. He wants to now write a sci-fi"}, {"start": "00:07:16", "end": "00:07:20", "text": "novel. Did you guys know that? But"}, {"start": "00:07:18", "end": "00:07:22", "text": "Vitalik is going to write a sci-fi"}, {"start": "00:07:20", "end": "00:07:25", "text": "novel."}, {"start": "00:07:22", "end": "00:07:26", "text": "Let's see. So, uh, but that that's I"}, {"start": "00:07:25", "end": "00:07:28", "text": "would say this is a short thing is"}, {"start": "00:07:26", "end": "00:07:31", "text": "secondary to you having money to invest"}, {"start": "00:07:28", "end": "00:07:33", "text": "in next the bull and and and time to"}, {"start": "00:07:31", "end": "00:07:35", "text": "start thinking about that because in Q4"}, {"start": "00:07:33", "end": "00:07:37", "text": "and especially next year the bull is"}, {"start": "00:07:35", "end": "00:07:41", "text": "going to come now. I love Carl the moon"}, {"start": "00:07:37", "end": "00:07:42", "text": "but he is now a singer. He's big he's"}, {"start": "00:07:41", "end": "00:07:44", "text": "talented man. He's talented. Let's"}, {"start": "00:07:42", "end": "00:07:46", "text": "listen. He said bye-bye boring crypto."}, {"start": "00:07:44", "end": "00:07:49", "text": "Hello the world of music. Big shout to"}, {"start": "00:07:46", "end": "00:07:51", "text": "Carl. Uh this is kind of I I love seeing"}, {"start": "00:07:49", "end": "00:07:53", "text": "that when you know people are leaving"}, {"start": "00:07:51", "end": "00:07:55", "text": "crypto. It's good. Now Carl has not left"}, {"start": "00:07:53", "end": "00:07:57", "text": "crypto. Yeah, he he's also very talented"}, {"start": "00:07:55", "end": "00:07:58", "text": "singer. Let's see. But guys, if I start"}, {"start": "00:07:57", "end": "00:08:00", "text": "singing"}, {"start": "00:07:58", "end": "00:08:02", "text": "guys, if if I start singing, you know,"}, {"start": "00:08:00", "end": "00:08:04", "text": "it's it's it's a big bottom signal."}, {"start": "00:08:02", "end": "00:08:07", "text": "Okay. Uh I'm not that talented. But"}, {"start": "00:08:04", "end": "00:08:09", "text": "let's listen to Carl. darkness. I have"}, {"start": "00:08:07", "end": "00:08:12", "text": "found my only remedy."}, {"start": "00:08:09", "end": "00:08:14", "text": "You know,"}, {"start": "00:08:12", "end": "00:08:16", "text": "you know,"}, {"start": "00:08:14", "end": "00:08:19", "text": "you know,"}, {"start": "00:08:16", "end": "00:08:19", "text": "you know"}, {"start": "00:08:19", "end": "00:08:26", "text": "when I'm low."}, {"start": "00:08:22", "end": "00:08:28", "text": "3 2 1 go. When I am"}, {"start": "00:08:26", "end": "00:08:31", "text": ">> I love it, my [�__�] out to Carl. [�__�]"}, {"start": "00:08:28", "end": "00:08:33", "text": "out to Carl. He He's talented person."}, {"start": "00:08:31", "end": "00:08:35", "text": "Very talented person. And guys, but if I"}, {"start": "00:08:33", "end": "00:08:37", "text": "start singing, I can tell you I I I'm"}, {"start": "00:08:35", "end": "00:08:39", "text": "not talented singer. Uh outside for"}, {"start": "00:08:37", "end": "00:08:41", "text": "Bitcoin will be pump song. But if I"}, {"start": "00:08:39", "end": "00:08:43", "text": "start singing, if I start singing, you"}, {"start": "00:08:41", "end": "00:08:45", "text": "know, it's it's a bit of bottom. It's a"}, {"start": "00:08:43", "end": "00:08:48", "text": "likely a bit of a bottom, a nice bottom,"}, {"start": "00:08:45", "end": "00:08:52", "text": "guys. Uh the I I we need to speak about"}, {"start": "00:08:48", "end": "00:08:55", "text": "the Bumazarus. There is a signal which I"}, {"start": "00:08:52", "end": "00:08:56", "text": "don't like when it comes to Sana and"}, {"start": "00:08:55", "end": "00:08:59", "text": "when it comes to Suie and that's that"}, {"start": "00:08:56", "end": "00:09:01", "text": "the Bumazarus loves it. Okay, the"}, {"start": "00:08:59", "end": "00:09:04", "text": "Bumazarus, they love Sui. They love"}, {"start": "00:09:01", "end": "00:09:07", "text": "Sana. Now the Bumazarus is normally a"}, {"start": "00:09:04", "end": "00:09:10", "text": "cycle behind uh where you should be."}, {"start": "00:09:07", "end": "00:09:12", "text": "Okay. Bumazarus loved Bitcoin in 2015,"}, {"start": "00:09:10", "end": "00:09:15", "text": "hated ETH because ETH, you know, the"}, {"start": "00:09:12", "end": "00:09:18", "text": "scam Vitalic scam. Then instead of"}, {"start": "00:09:15", "end": "00:09:19", "text": "loving Solana in 2020, they loved ETH"}, {"start": "00:09:18", "end": "00:09:22", "text": "and and now they're kind of like"}, {"start": "00:09:19", "end": "00:09:24", "text": "catching on Sana. And uh so yeah, listen"}, {"start": "00:09:22", "end": "00:09:27", "text": "to this is R Paul and I I don't know"}, {"start": "00:09:24", "end": "00:09:29", "text": "why, but he says he that Hyperlid is a"}, {"start": "00:09:27", "end": "00:09:31", "text": "niche product like the I I I just don't"}, {"start": "00:09:29", "end": "00:09:35", "text": "agree here. And hyperlquid has been"}, {"start": "00:09:31", "end": "00:09:37", "text": "slaughtering sui price-wise. Um, so"}, {"start": "00:09:35", "end": "00:09:39", "text": "anyway, listen to this. I I I just don't"}, {"start": "00:09:37", "end": "00:09:40", "text": "Yeah. Uh you need to hear this. Listen"}, {"start": "00:09:39", "end": "00:09:43", "text": "to this."}, {"start": "00:09:40", "end": "00:09:45", "text": ">> What are your thoughts on hyperlquid and"}, {"start": "00:09:43", "end": "00:09:46", "text": "what these guys are doing even on the"}, {"start": "00:09:45", "end": "00:09:48", "text": "hype token? Are you like not"}, {"start": "00:09:46", "end": "00:09:50", "text": ">> and by the way guys I say bumazarus with"}, {"start": "00:09:48", "end": "00:09:52", "text": "I myself I'm bumazarus. I'm bumazaros"}, {"start": "00:09:50", "end": "00:09:53", "text": "when it comes to main things. Like just"}, {"start": "00:09:52", "end": "00:09:55", "text": "to clarify I'm also bumazarus like I"}, {"start": "00:09:53", "end": "00:09:57", "text": "don't use Tik Tok. I don't use like all"}, {"start": "00:09:55", "end": "00:09:59", "text": "this kid retardio stuff. Maybe you know"}, {"start": "00:09:57", "end": "00:10:01", "text": "it's you're bumazar we're all bonazarus"}, {"start": "00:09:59", "end": "00:10:03", "text": "in our own respective ways but this in"}, {"start": "00:10:01", "end": "00:10:05", "text": "particular not liking hype and saying"}, {"start": "00:10:03", "end": "00:10:06", "text": "that hype is a niche I don't get it but"}, {"start": "00:10:05", "end": "00:10:10", "text": "listen to this"}, {"start": "00:10:06", "end": "00:10:11", "text": ">> tempted to to do something about that"}, {"start": "00:10:10", "end": "00:10:13", "text": ">> if I don't use it"}, {"start": "00:10:11", "end": "00:10:14", "text": ">> I wouldn't buy and I'm just not a trader"}, {"start": "00:10:13", "end": "00:10:16", "text": "so you know we talked about that so it's"}, {"start": "00:10:14", "end": "00:10:17", "text": "just not for me I don't use perks I"}, {"start": "00:10:16", "end": "00:10:21", "text": "don't use leverage I don't use any of"}, {"start": "00:10:17", "end": "00:10:23", "text": "this stuff so I get it but it is a niche"}, {"start": "00:10:21", "end": "00:10:26", "text": "within a broader ecosystem"}, {"start": "00:10:23", "end": "00:10:27", "text": ">> bro no no no"}, {"start": "00:10:26", "end": "00:10:30", "text": "hi Hyperlquid is not niche guys."}, {"start": "00:10:27", "end": "00:10:32", "text": "Hyperlquid it's not niche. The number"}, {"start": "00:10:30", "end": "00:10:34", "text": "one use case of crypto is trading. There"}, {"start": "00:10:32", "end": "00:10:39", "text": "there there are few use cases in crypto"}, {"start": "00:10:34", "end": "00:10:44", "text": "guys. I mean trading, holding, paying."}, {"start": "00:10:39", "end": "00:10:46", "text": "That's it. That's it. Trading, holding"}, {"start": "00:10:44", "end": "00:10:48", "text": "like you know preserving money, maybe a"}, {"start": "00:10:46", "end": "00:10:50", "text": "bit of Zcash, a bit of Bitcoin and then"}, {"start": "00:10:48", "end": "00:10:54", "text": "paying stable coin and stuff like it's"}, {"start": "00:10:50", "end": "00:10:56", "text": "literally the use case like Hyperlid is"}, {"start": "00:10:54", "end": "00:10:58", "text": "the key one of the key use cases. So, I"}, {"start": "00:10:56", "end": "00:11:00", "text": "totally disagree, but also, you know,"}, {"start": "00:10:58", "end": "00:11:00", "text": "type absolutely murdered sui price-wise."}, {"start": "00:11:00", "end": "00:11:02", "text": "Okay."}, {"start": "00:11:00", "end": "00:11:03", "text": ">> And it's a great one. You can have great"}, {"start": "00:11:02", "end": "00:11:06", "text": "niche products."}, {"start": "00:11:03", "end": "00:11:08", "text": ">> Um, but it has no real motor around it."}, {"start": "00:11:06", "end": "00:11:09", "text": ">> Bro,"}, {"start": "00:11:08", "end": "00:11:11", "text": ">> I mean, Robin Hood are going to come"}, {"start": "00:11:09", "end": "00:11:13", "text": "after that as fast AS THEY CAN."}, {"start": "00:11:11", "end": "00:11:15", "text": ">> BRO, Robin Hood is not going to come"}, {"start": "00:11:13", "end": "00:11:18", "text": "after hype. Why? Because people use hype"}, {"start": "00:11:15", "end": "00:11:21", "text": "because it is a deck and Robin Hood is"}, {"start": "00:11:18", "end": "00:11:23", "text": "not a deck. Uh, I and I see it myself."}, {"start": "00:11:21", "end": "00:11:26", "text": "Listen, in in our community, most people"}, {"start": "00:11:23", "end": "00:11:27", "text": "when they trade and uh you know they"}, {"start": "00:11:26", "end": "00:11:29", "text": "cannot use by bit or whatever, they go"}, {"start": "00:11:27", "end": "00:11:31", "text": "to hyperlquid. Even if they can use by"}, {"start": "00:11:29", "end": "00:11:33", "text": "bit, they just want to be self-custody,"}, {"start": "00:11:31", "end": "00:11:36", "text": "they also go hyperlquid. So I can tell"}, {"start": "00:11:33", "end": "00:11:38", "text": "you that hyperlquid has the number one"}, {"start": "00:11:36", "end": "00:11:40", "text": "use case of crypto which is trading. Uh"}, {"start": "00:11:38", "end": "00:11:42", "text": "the price is loving that. Like high"}, {"start": "00:11:40", "end": "00:11:44", "text": "price, we've been bullish hype forever."}, {"start": "00:11:42", "end": "00:11:46", "text": "Like high price loves it, loves it,"}, {"start": "00:11:44", "end": "00:11:48", "text": "loves it, loves it, loves it, loves it."}, {"start": "00:11:46", "end": "00:11:51", "text": "And I just see like in our community,"}, {"start": "00:11:48", "end": "00:11:53", "text": "many traders are using uh hype. Okay,"}, {"start": "00:11:51", "end": "00:11:56", "text": "they're using Hyperlquid. U I mean every"}, {"start": "00:11:53", "end": "00:11:57", "text": "day I see someone posting something from"}, {"start": "00:11:56", "end": "00:12:00", "text": "you know some gain they made on"}, {"start": "00:11:57", "end": "00:12:02", "text": "Hyperlquid. So use cases there"}, {"start": "00:12:00", "end": "00:12:04", "text": "absolutely uh but I mean again we care"}, {"start": "00:12:02", "end": "00:12:07", "text": "number one about price and you look at"}, {"start": "00:12:04", "end": "00:12:09", "text": "high price it's is is the best is the"}, {"start": "00:12:07", "end": "00:12:12", "text": "best. They had the dump. They recovered"}, {"start": "00:12:09", "end": "00:12:16", "text": "from the dump. Now it is up only. Up"}, {"start": "00:12:12", "end": "00:12:17", "text": "only. Very, very nice. Uh, you know,"}, {"start": "00:12:16", "end": "00:12:20", "text": "Sana dumps like sooie. I don't know what"}, {"start": "00:12:17", "end": "00:12:22", "text": "the hell happens. It dumps this thing."}, {"start": "00:12:20", "end": "00:12:24", "text": "It's like a rocket, guys. It's a It's a"}, {"start": "00:12:22", "end": "00:12:26", "text": "rocket. It's a rocket. It's a rocket."}, {"start": "00:12:24", "end": "00:12:29", "text": "It's a rocket. Now, will it be like this"}, {"start": "00:12:26", "end": "00:12:31", "text": "forever? Who the hell knows? If it goes"}, {"start": "00:12:29", "end": "00:12:32", "text": "bare, we're bare. I mean, that's it."}, {"start": "00:12:31", "end": "00:12:35", "text": "It's super simple. It's super simple. If"}, {"start": "00:12:32", "end": "00:12:37", "text": "it goes bare, we're bare. But if if it's"}, {"start": "00:12:35", "end": "00:12:39", "text": "bull, man, don't uh Yeah, we're bullish."}, {"start": "00:12:37", "end": "00:12:41", "text": "We're bullish, bullish, bullish. And the"}, {"start": "00:12:39", "end": "00:12:43", "text": "hyper liquid has been fantastic,"}, {"start": "00:12:41", "end": "00:12:45", "text": "fantastic. And I don't want to, you"}, {"start": "00:12:43", "end": "00:12:47", "text": "know, people when they watch this, they"}, {"start": "00:12:45", "end": "00:12:49", "text": "they may get thrown off their strategy."}, {"start": "00:12:47", "end": "00:12:51", "text": "If something is in bull trend, you have"}, {"start": "00:12:49", "end": "00:12:52", "text": "to be bullish. Don't overanalyze it."}, {"start": "00:12:51", "end": "00:12:55", "text": "This and that. It's But also, when you"}, {"start": "00:12:52", "end": "00:12:58", "text": "overanalyze it, it's also bullish. Like"}, {"start": "00:12:55", "end": "00:13:00", "text": "I just said, meanwhile, in the Sui land,"}, {"start": "00:12:58", "end": "00:13:03", "text": "Suie is doing very bad. Sui is doing"}, {"start": "00:13:00", "end": "00:13:05", "text": "horrible. Suie basically retraced. I"}, {"start": "00:13:03", "end": "00:13:06", "text": "mean, like had a pump and dump here."}, {"start": "00:13:05", "end": "00:13:08", "text": "Basically, it had a pump and then it had"}, {"start": "00:13:06", "end": "00:13:10", "text": "a pump and dump. Okay. Was this like"}, {"start": "00:13:08", "end": "00:13:11", "text": "exit liquidity? Someone did the final"}, {"start": "00:13:10", "end": "00:13:14", "text": "exit. I I I don't know. I don't know."}, {"start": "00:13:11", "end": "00:13:16", "text": "But it's uh it looks like this. It looks"}, {"start": "00:13:14", "end": "00:13:19", "text": "like this. So, a niche product, a small"}, {"start": "00:13:16", "end": "00:13:21", "text": "niche product, a small niche product is"}, {"start": "00:13:19", "end": "00:13:24", "text": "absolutely slaughtering sweet in this"}, {"start": "00:13:21", "end": "00:13:25", "text": "case. And again, hype is not a niche"}, {"start": "00:13:24", "end": "00:13:27", "text": "product. Absolutely. Absolutely."}, {"start": "00:13:25", "end": "00:13:29", "text": "Absolutely not. Hey guys, I mean you"}, {"start": "00:13:27", "end": "00:13:33", "text": "really have to be careful here because"}, {"start": "00:13:29", "end": "00:13:34", "text": "uh I mean with uh with RO uh I love RO"}, {"start": "00:13:33", "end": "00:13:36", "text": "in the bull market, but you have to be a"}, {"start": "00:13:34", "end": "00:13:38", "text": "bit careful. You have to be a bit"}, {"start": "00:13:36", "end": "00:13:40", "text": "careful with RO. You have to be a bit"}, {"start": "00:13:38", "end": "00:13:43", "text": "careful. Listen to this. Is 2020, 2021,"}, {"start": "00:13:40", "end": "00:13:45", "text": "2025, 2026. You have to be slightly"}, {"start": "00:13:43", "end": "00:13:47", "text": "careful here. Listen to this. So we've"}, {"start": "00:13:45", "end": "00:13:49", "text": "chosen some of the most trusted names in"}, {"start": "00:13:47", "end": "00:13:52", "text": "the space to work with us to help"}, {"start": "00:13:49", "end": "00:13:55", "text": "provide this for free. So, BlockFi and"}, {"start": "00:13:52", "end": "00:13:58", "text": "Silvergate have teamed up to partner"}, {"start": "00:13:55", "end": "00:14:00", "text": "this so we can bring this to all of you"}, {"start": "00:13:58", "end": "00:14:02", "text": "and for you to share it with as many"}, {"start": "00:14:00", "end": "00:14:03", "text": "people as possible. I think you know by"}, {"start": "00:14:02", "end": "00:14:06", "text": "now how important this digital"}, {"start": "00:14:03", "end": "00:14:10", "text": "revolution is and I urge you to take"}, {"start": "00:14:06", "end": "00:14:13", "text": "part in this stuff like terror network"}, {"start": "00:14:10", "end": "00:14:15", "text": ">> BlockFi silvergate fito"}, {"start": "00:14:13", "end": "00:14:17", "text": ">> you can just put money stake the network"}, {"start": "00:14:15", "end": "00:14:20", "text": "and get 20%."}, {"start": "00:14:17", "end": "00:14:21", "text": "And they're basically risk-free if bro"}, {"start": "00:14:20", "end": "00:14:23", "text": "terrorist"}, {"start": "00:14:21", "end": "00:14:27", "text": ">> you want to own that network"}, {"start": "00:14:23", "end": "00:14:31", "text": "and they're basically riskree at 20%."}, {"start": "00:14:27", "end": "00:14:33", "text": "And they're basically risk free"}, {"start": "00:14:31", "end": "00:14:36", "text": "and they're basically riskree guys"}, {"start": "00:14:33", "end": "00:14:38", "text": "listen I do I care about this so much"}, {"start": "00:14:36", "end": "00:14:40", "text": "because when people get wrecked they"}, {"start": "00:14:38", "end": "00:14:43", "text": "disappear from the industry they"}, {"start": "00:14:40", "end": "00:14:46", "text": "disappear. They disappear. We have seen"}, {"start": "00:14:43", "end": "00:14:48", "text": "a big um draw down in the overall"}, {"start": "00:14:46", "end": "00:14:50", "text": "engagement for all YouTube channels, for"}, {"start": "00:14:48", "end": "00:14:52", "text": "all Twitterers. So, we see people"}, {"start": "00:14:50", "end": "00:14:55", "text": "struggling a lot. They're they're"}, {"start": "00:14:52", "end": "00:14:58", "text": "struggling a lot. And when I try to"}, {"start": "00:14:55", "end": "00:15:00", "text": "explain how the market works, the number"}, {"start": "00:14:58", "end": "00:15:03", "text": "one push back I get is, you know, oh,"}, {"start": "00:15:00", "end": "00:15:05", "text": "but I heard ISM like R said is or, you"}, {"start": "00:15:03", "end": "00:15:06", "text": "know, R said, listen, you you you need"}, {"start": "00:15:05", "end": "00:15:08", "text": "to understand what's happening here,"}, {"start": "00:15:06", "end": "00:15:10", "text": "okay? You need to understand what's"}, {"start": "00:15:08", "end": "00:15:12", "text": "happening here. I'm trying to save"}, {"start": "00:15:10", "end": "00:15:14", "text": "people every initially every day and"}, {"start": "00:15:12", "end": "00:15:16", "text": "it's tough man it's very very tough"}, {"start": "00:15:14", "end": "00:15:19", "text": ">> if you want to own that network"}, {"start": "00:15:16", "end": "00:15:20", "text": ">> I'm massively overweight"}, {"start": "00:15:19", "end": "00:15:22", "text": ">> oversold"}, {"start": "00:15:20", "end": "00:15:25", "text": ">> massively"}, {"start": "00:15:22", "end": "00:15:26", "text": ">> can I ask you percentages wise more more"}, {"start": "00:15:25", "end": "00:15:29", "text": "or less"}, {"start": "00:15:26", "end": "00:15:30", "text": ">> I'm definitely over 70% sweet and that's"}, {"start": "00:15:29", "end": "00:15:33", "text": "not anything to do with the foundation"}, {"start": "00:15:30", "end": "00:15:35", "text": "that I'm on that's my just capital"}, {"start": "00:15:33", "end": "00:15:38", "text": "allocation of my savings and"}, {"start": "00:15:35", "end": "00:15:41", "text": ">> um man"}, {"start": "00:15:38", "end": "00:15:45", "text": "I mean I I could have saved All he had"}, {"start": "00:15:41", "end": "00:15:47", "text": "70% money in Sui. He lost 83% of it. I"}, {"start": "00:15:45", "end": "00:15:50", "text": "could have saved a lot of money. A lot."}, {"start": "00:15:47", "end": "00:15:51", "text": ">> I added some Zcash."}, {"start": "00:15:50", "end": "00:15:53", "text": ">> Why?"}, {"start": "00:15:51", "end": "00:15:55", "text": ">> I bought more Suie obviously. Um but I"}, {"start": "00:15:53", "end": "00:15:57", "text": "added bit of Zcash."}, {"start": "00:15:55", "end": "00:15:59", "text": ">> Okay."}, {"start": "00:15:57", "end": "00:16:01", "text": "I mean that maybe we agree there. Now"}, {"start": "00:15:59", "end": "00:16:04", "text": "here's the thing. In the bull market, R"}, {"start": "00:16:01", "end": "00:16:05", "text": "and I we're going to be best friends. I"}, {"start": "00:16:04", "end": "00:16:07", "text": "look forward to that. We're now still in"}, {"start": "00:16:05", "end": "00:16:09", "text": "bear, guys. We're still in bear. But in"}, {"start": "00:16:07", "end": "00:16:11", "text": "the bull market,"}, {"start": "00:16:09", "end": "00:16:12", "text": "R and I, we're gonna be this like this"}, {"start": "00:16:11", "end": "00:16:15", "text": "tight. We're gonna be we're gonna be"}, {"start": "00:16:12", "end": "00:16:17", "text": "this tight because then when he says a"}, {"start": "00:16:15", "end": "00:16:20", "text": "bit retardial stuff is going to actually"}, {"start": "00:16:17", "end": "00:16:21", "text": "be fully correct in the bull. Okay, that"}, {"start": "00:16:20", "end": "00:16:25", "text": "that's the problem, guys. Like in the"}, {"start": "00:16:21", "end": "00:16:29", "text": "bull, it's correct. It's correct. In the"}, {"start": "00:16:25", "end": "00:16:31", "text": "bear, you lose 90% of your assets. Okay,"}, {"start": "00:16:29", "end": "00:16:33", "text": "so we're going to be the best friends."}, {"start": "00:16:31", "end": "00:16:34", "text": "Maybe we even have a invite ro on this"}, {"start": "00:16:33", "end": "00:16:36", "text": "channel. We're going to be speaking"}, {"start": "00:16:34", "end": "00:16:38", "text": "about stuff. Now also listen, I love"}, {"start": "00:16:36", "end": "00:16:40", "text": "Novograss, but it's just another I I get"}, {"start": "00:16:38", "end": "00:16:42", "text": "a bit concerned when they're bullish"}, {"start": "00:16:40", "end": "00:16:44", "text": "Solana, but when Solana already had its"}, {"start": "00:16:42", "end": "00:16:47", "text": "uh cycle and they don't speak about"}, {"start": "00:16:44", "end": "00:16:50", "text": "Hyperlid too much. So you had R Paul. I"}, {"start": "00:16:47", "end": "00:16:53", "text": "love Mike. Mike, I love Mike, but he's"}, {"start": "00:16:50", "end": "00:16:55", "text": "also like bullish soul. Uh I want more"}, {"start": "00:16:53", "end": "00:16:57", "text": "of this like underground kids be bullish"}, {"start": "00:16:55", "end": "00:17:00", "text": "stuff. Okay. I I want more of this"}, {"start": "00:16:57", "end": "00:17:03", "text": "underground kids be bullish stuff like"}, {"start": "00:17:00", "end": "00:17:04", "text": "uh you know with hype and all of that."}, {"start": "00:17:03", "end": "00:17:07", "text": "It's it's more you know this"}, {"start": "00:17:04", "end": "00:17:09", "text": "cryptonative now now that I mean these"}, {"start": "00:17:07", "end": "00:17:11", "text": "guys they learned about soul now I don't"}, {"start": "00:17:09", "end": "00:17:14", "text": "know yet let's listen to this"}, {"start": "00:17:11", "end": "00:17:16", "text": ">> you know why salana at this moment uh"}, {"start": "00:17:14", "end": "00:17:18", "text": ">> but but he he was ETH like last full"}, {"start": "00:17:16", "end": "00:17:21", "text": "cycle he was ETH he would be saying"}, {"start": "00:17:18", "end": "00:17:23", "text": "exactly the same thing but about ETH in"}, {"start": "00:17:21", "end": "00:17:25", "text": "2023"}, {"start": "00:17:23", "end": "00:17:28", "text": "and now he's like why why Salana why"}, {"start": "00:17:25", "end": "00:17:31", "text": "Salana in this moment come on man"}, {"start": "00:17:28", "end": "00:17:34", "text": ">> total transactions per second Salana can"}, {"start": "00:17:31", "end": "00:17:38", "text": "do in a day is 14 billion. Uh that's"}, {"start": "00:17:34", "end": "00:17:40", "text": "more than total transactions on on"}, {"start": "00:17:38", "end": "00:17:42", "text": ">> Yeah, listen. I I know it like I was the"}, {"start": "00:17:40", "end": "00:17:43", "text": "same. See, this it's going to be"}, {"start": "00:17:42", "end": "00:17:46", "text": "interesting to see obviously Salana next"}, {"start": "00:17:43", "end": "00:17:50", "text": "next cycle, but this is me like in 2023"}, {"start": "00:17:46", "end": "00:17:53", "text": "2024. Like he he he Mike is what I was"}, {"start": "00:17:50", "end": "00:17:55", "text": "in 2023 2024. But man, the time for that"}, {"start": "00:17:53", "end": "00:17:57", "text": "was then was then hyper liquidity did"}, {"start": "00:17:55", "end": "00:17:59", "text": "not exist then. Like many things did not"}, {"start": "00:17:57", "end": "00:18:01", "text": "exist then. But the okay"}, {"start": "00:17:59", "end": "00:18:03", "text": ">> equities, fixed income, commodities, and"}, {"start": "00:18:01", "end": "00:18:06", "text": "foreign exchange, right? And so you've"}, {"start": "00:18:03", "end": "00:18:08", "text": "got a blockchain that's now fast enough,"}, {"start": "00:18:06", "end": "00:18:10", "text": "tailor made to be the blockchain for"}, {"start": "00:18:08", "end": "00:18:12", "text": "financial markets. Uh and you got an SEC"}, {"start": "00:18:10", "end": "00:18:15", "text": "chair saying, I want you to build on"}, {"start": "00:18:12", "end": "00:18:19", "text": "chain. And so those two things are"}, {"start": "00:18:15", "end": "00:18:21", "text": "lining up. Uh I I'm the usage isn't"}, {"start": "00:18:19", "end": "00:18:23", "text": "hyperlquid. Like that's a problem. The"}, {"start": "00:18:21", "end": "00:18:25", "text": "usage is not on Solana now for stocks,"}, {"start": "00:18:23", "end": "00:18:27", "text": "for everything. It's not on Solana. Yes,"}, {"start": "00:18:25", "end": "00:18:28", "text": "you have all the speed. All chains are"}, {"start": "00:18:27", "end": "00:18:30", "text": "fast nowadays. Like even Tron man is"}, {"start": "00:18:28", "end": "00:18:32", "text": "fast. Even Tron is a cheap and fast man."}, {"start": "00:18:30", "end": "00:18:35", "text": "You can do stuff on. Okay. So at the end"}, {"start": "00:18:32", "end": "00:18:37", "text": "of the day, listen, just follow the damn"}, {"start": "00:18:35", "end": "00:18:39", "text": "price trend. That's it. Oh, also"}, {"start": "00:18:37", "end": "00:18:41", "text": "speaking about the price trend and ju"}, {"start": "00:18:39", "end": "00:18:43", "text": "just before I tell you about the price"}, {"start": "00:18:41", "end": "00:18:46", "text": "trend, it's just so we saw R being"}, {"start": "00:18:43", "end": "00:18:48", "text": "bullish souls and and then Noatrat"}, {"start": "00:18:46", "end": "00:18:52", "text": "bullish Sui and Saul. Uh well, he's only"}, {"start": "00:18:48", "end": "00:18:55", "text": "sold. No only soul. And here Ro is also"}, {"start": "00:18:52", "end": "00:18:56", "text": "bullish Bitcoin, ETH, Soul and Sui."}, {"start": "00:18:55", "end": "00:18:59", "text": "There's some pretty easy bets to have."}, {"start": "00:18:56", "end": "00:19:01", "text": "You can just own Bitcoin. It'll work."}, {"start": "00:18:59", "end": "00:19:04", "text": "It's not going to zero adopt. There's"}, {"start": "00:19:01", "end": "00:19:05", "text": "more DeFi uh last cycle. Anyway, you can"}, {"start": "00:19:04", "end": "00:19:07", "text": "watch the whole thing. But basically, he"}, {"start": "00:19:05", "end": "00:19:10", "text": "says now he's excited about Soul and"}, {"start": "00:19:07", "end": "00:19:11", "text": "Suie. I mean, normally guys, normally"}, {"start": "00:19:10", "end": "00:19:13", "text": "these guys, they they are a bit like"}, {"start": "00:19:11", "end": "00:19:16", "text": "behind the curve. They're a bit behind"}, {"start": "00:19:13", "end": "00:19:18", "text": "the curve. They are like one one curve"}, {"start": "00:19:16", "end": "00:19:22", "text": "behind. So, that's why don't get"}, {"start": "00:19:18", "end": "00:19:23", "text": "surprised if it is hype and other stuff."}, {"start": "00:19:22", "end": "00:19:25", "text": "Now, Ro says he's bullish Zash. I mean,"}, {"start": "00:19:23", "end": "00:19:28", "text": "that's good. I there we agree there we"}, {"start": "00:19:25", "end": "00:19:30", "text": "agree but uh just a warning there"}, {"start": "00:19:28", "end": "00:19:32", "text": "because again most people they they"}, {"start": "00:19:30", "end": "00:19:34", "text": "learn about something it's uh this was"}, {"start": "00:19:32", "end": "00:19:35", "text": "last cycle thing they missed on the last"}, {"start": "00:19:34", "end": "00:19:36", "text": "cycle now they're thinking okay now I'm"}, {"start": "00:19:35", "end": "00:19:39", "text": "going to catch Sana but then another"}, {"start": "00:19:36", "end": "00:19:41", "text": "thing pumps just like people miss ETH"}, {"start": "00:19:39", "end": "00:19:43", "text": "they said okay now I will I will not"}, {"start": "00:19:41", "end": "00:19:45", "text": "miss ETH now and then ETH doesn't go"}, {"start": "00:19:43", "end": "00:19:47", "text": "anywhere instead Sana pumps and they get"}, {"start": "00:19:45", "end": "00:19:49", "text": "so angry man they get so angry get so"}, {"start": "00:19:47", "end": "00:19:51", "text": "they're no Solani is a scam is a scam"}, {"start": "00:19:49", "end": "00:19:53", "text": "but why why you say so because you miss"}, {"start": "00:19:51", "end": "00:19:55", "text": "miss you miss ETH last cycle you thought"}, {"start": "00:19:53", "end": "00:19:57", "text": "this and you will not miss it. But now"}, {"start": "00:19:55", "end": "00:19:59", "text": "freaking scam Salana pumps and now"}, {"start": "00:19:57", "end": "00:20:01", "text": "they're bullish soul. Okay. Okay. Now"}, {"start": "00:19:59", "end": "00:20:03", "text": "I'm bullish soul. I'm bullish soul. This"}, {"start": "00:20:01", "end": "00:20:06", "text": "cyclon bullish soul. The man hyperlid"}, {"start": "00:20:03", "end": "00:20:10", "text": "the scam. The scam."}, {"start": "00:20:06", "end": "00:20:13", "text": "The freaking scam. Scams pumping my"}, {"start": "00:20:10", "end": "00:20:15", "text": "pristine asset. Not pumping. All this"}, {"start": "00:20:13", "end": "00:20:18", "text": "guys. All is the old guard. Is the curse"}, {"start": "00:20:15", "end": "00:20:19", "text": "of the old guard. O yo yo. What's going"}, {"start": "00:20:18", "end": "00:20:20", "text": "on in the chat guys? You're here."}, {"start": "00:20:19", "end": "00:20:22", "text": "Welcome welcome. Welcome everyone. Smash"}, {"start": "00:20:20", "end": "00:20:23", "text": "up the like. Subscribe to the channel if"}, {"start": "00:20:22", "end": "00:20:26", "text": "you haven't yet. As you can see, we're"}, {"start": "00:20:23", "end": "00:20:28", "text": "back from vacation. We're back from"}, {"start": "00:20:26", "end": "00:20:29", "text": "vacation in a big big way. It's"}, {"start": "00:20:28", "end": "00:20:31", "text": "fantastic to be back in the studio. I"}, {"start": "00:20:29", "end": "00:20:33", "text": "love vacation, but also it's nice to be"}, {"start": "00:20:31", "end": "00:20:35", "text": "back in, you know, to routine to normal"}, {"start": "00:20:33", "end": "00:20:37", "text": "studio, my normal coffee. Let me take"}, {"start": "00:20:35", "end": "00:20:39", "text": "coffee."}, {"start": "00:20:37", "end": "00:20:41", "text": "So, smash the like as soon as possible."}, {"start": "00:20:39", "end": "00:20:44", "text": "Subscribe and as always, if you want to"}, {"start": "00:20:41", "end": "00:20:47", "text": "learn our methodology of trading, go to"}, {"start": "00:20:44", "end": "00:20:49", "text": "bull.com first link in the description."}, {"start": "00:20:47", "end": "00:20:50", "text": "Watch the free training. Book a free"}, {"start": "00:20:49", "end": "00:20:52", "text": "strategy call with us. We're going to"}, {"start": "00:20:50", "end": "00:20:54", "text": "review your uh trading. This is very"}, {"start": "00:20:52", "end": "00:20:56", "text": "important for you to be honest with"}, {"start": "00:20:54", "end": "00:20:58", "text": "yourself and uh do as soon as possible"}, {"start": "00:20:56", "end": "00:21:00", "text": "especially before the next bull. Book"}, {"start": "00:20:58", "end": "00:21:02", "text": "the strategic call so at least at least"}, {"start": "00:21:00", "end": "00:21:04", "text": "you learn about your pitfalls the"}, {"start": "00:21:02", "end": "00:21:06", "text": "mistakes so you don't f up the next bull"}, {"start": "00:21:04", "end": "00:21:09", "text": "market. This is important like if"}, {"start": "00:21:06", "end": "00:21:12", "text": "anything just do it as a way to check"}, {"start": "00:21:09", "end": "00:21:14", "text": "your uh track record. You check your car"}, {"start": "00:21:12", "end": "00:21:16", "text": "every year how it is. Is it still"}, {"start": "00:21:14", "end": "00:21:19", "text": "working? The wheel don't fall off. Okay,"}, {"start": "00:21:16", "end": "00:21:20", "text": "good. Engine still humming along good."}, {"start": "00:21:19", "end": "00:21:22", "text": "But you don't check your trading and"}, {"start": "00:21:20", "end": "00:21:24", "text": "then people get surprised. I messed up"}, {"start": "00:21:22", "end": "00:21:25", "text": "this bull market again. Ah, I round trip"}, {"start": "00:21:24", "end": "00:21:27", "text": "again. But you do you don't even check"}, {"start": "00:21:25", "end": "00:21:29", "text": "in. Check in. Check in yourself. It's"}, {"start": "00:21:27", "end": "00:21:32", "text": "like coming to the doctor. Do you check"}, {"start": "00:21:29", "end": "00:21:33", "text": "your tooth every every year? Do you"}, {"start": "00:21:32", "end": "00:21:35", "text": "check the health of the teeth? Maybe"}, {"start": "00:21:33", "end": "00:21:37", "text": "most people don't. You should check the"}, {"start": "00:21:35", "end": "00:21:39", "text": "the health of the teeth. The same thing."}, {"start": "00:21:37", "end": "00:21:41", "text": "Check the health of your finance. Okay."}, {"start": "00:21:39", "end": "00:21:43", "text": "Book strategy call boom.com. As always,"}, {"start": "00:21:41", "end": "00:21:44", "text": "first link in description. And then if"}, {"start": "00:21:43", "end": "00:21:46", "text": "you want to join us, you get the money"}, {"start": "00:21:44", "end": "00:21:47", "text": "line, the money scanner. You see things"}, {"start": "00:21:46", "end": "00:21:50", "text": "that are flipping in real time. Now"}, {"start": "00:21:47", "end": "00:21:53", "text": "guys, in terms of stocks, stocks have"}, {"start": "00:21:50", "end": "00:21:54", "text": "been on a on a rampage. Rampage."}, {"start": "00:21:53", "end": "00:21:58", "text": "Absolute rampage. Let's actually check"}, {"start": "00:21:54", "end": "00:22:00", "text": "different assets. Um, yeah, stocks have"}, {"start": "00:21:58", "end": "00:22:02", "text": "been on an absolute rampage. Uh, the the"}, {"start": "00:22:00", "end": "00:22:04", "text": "question that I see someone asked in"}, {"start": "00:22:02", "end": "00:22:05", "text": "Discord, which I actually wanted to show"}, {"start": "00:22:04", "end": "00:22:07", "text": "you when we're speaking about the price"}, {"start": "00:22:05", "end": "00:22:11", "text": "trend. The question someone asked is"}, {"start": "00:22:07", "end": "00:22:14", "text": "this. Let me screenshot it. It was about"}, {"start": "00:22:11", "end": "00:22:16", "text": "the uh yields. Okay, look here. Uh, this"}, {"start": "00:22:14", "end": "00:22:20", "text": "guy from our discord asked about the"}, {"start": "00:22:16", "end": "00:22:22", "text": "yield. He was asking uh so if the US"}, {"start": "00:22:20", "end": "00:22:23", "text": "treasury yields go up which they uh are"}, {"start": "00:22:22", "end": "00:22:25", "text": "doing I mean people are dumping"}, {"start": "00:22:23", "end": "00:22:28", "text": "treasuries there's more uncertainty more"}, {"start": "00:22:25", "end": "00:22:30", "text": "inflation uncertainty so treasuries go"}, {"start": "00:22:28", "end": "00:22:33", "text": "up the yield the yield on treasury goes"}, {"start": "00:22:30", "end": "00:22:36", "text": "up and he asked u what is what is the"}, {"start": "00:22:33", "end": "00:22:40", "text": "effect on the crypto going to be h how"}, {"start": "00:22:36", "end": "00:22:42", "text": "will crypto be affected by all this okay"}, {"start": "00:22:40", "end": "00:22:45", "text": "and the answer I gave is is the"}, {"start": "00:22:42", "end": "00:22:47", "text": "following uh normally higher yields are"}, {"start": "00:22:45", "end": "00:22:49", "text": "not great for risk assets because we now"}, {"start": "00:22:47", "end": "00:22:52", "text": "compete with a higher risk-free rate and"}, {"start": "00:22:49", "end": "00:22:53", "text": "risk-free rate it is the government uh"}, {"start": "00:22:52", "end": "00:22:55", "text": "what the government pays you what the US"}, {"start": "00:22:53", "end": "00:22:57", "text": "government pays you it is not like R"}, {"start": "00:22:55", "end": "00:22:59", "text": "Paul says it's it's not the Teraluna 20%"}, {"start": "00:22:57", "end": "00:23:01", "text": "basically risk-f free that is not risk-"}, {"start": "00:22:59", "end": "00:23:04", "text": "free"}, {"start": "00:23:01", "end": "00:23:06", "text": "in finance risk-free rate means what the"}, {"start": "00:23:04", "end": "00:23:08", "text": "US government pays you because that's"}, {"start": "00:23:06", "end": "00:23:12", "text": "like the baseline that's the lowest risk"}, {"start": "00:23:08", "end": "00:23:15", "text": "creditor so if you have a higher yield"}, {"start": "00:23:12", "end": "00:23:17", "text": "and now we we are getting higher yields"}, {"start": "00:23:15", "end": "00:23:21", "text": "uh that that normally is not good but at"}, {"start": "00:23:17", "end": "00:23:23", "text": "the same time at the same time okay uh"}, {"start": "00:23:21", "end": "00:23:24", "text": "Bitcoin could still rip anyway like"}, {"start": "00:23:23", "end": "00:23:26", "text": "that's the thing it is theoretical"}, {"start": "00:23:24", "end": "00:23:28", "text": "theoretically it should be like that but"}, {"start": "00:23:26", "end": "00:23:30", "text": "theory and practice is is very different"}, {"start": "00:23:28", "end": "00:23:33", "text": "it's very different Bitcoin could rip"}, {"start": "00:23:30", "end": "00:23:35", "text": "anyway okay even if you have a high"}, {"start": "00:23:33", "end": "00:23:37", "text": "yield and you know now money competes"}, {"start": "00:23:35", "end": "00:23:39", "text": "because markets are in manyaa cases"}, {"start": "00:23:37", "end": "00:23:41", "text": "irrational and it's impossible to"}, {"start": "00:23:39", "end": "00:23:43", "text": "explain you just have to admire and"}, {"start": "00:23:41", "end": "00:23:45", "text": "respect the pump and be in the bull bull"}, {"start": "00:23:43", "end": "00:23:47", "text": "trend no matter what happens So too much"}, {"start": "00:23:45", "end": "00:23:50", "text": "macro analysis is not great for profits."}, {"start": "00:23:47", "end": "00:23:52", "text": "Uh just like yeah with the with the SU"}, {"start": "00:23:50", "end": "00:23:54", "text": "stuff and waiting for ISM and all of"}, {"start": "00:23:52", "end": "00:23:57", "text": "that. And another uh recent example is"}, {"start": "00:23:54", "end": "00:24:00", "text": "high oil high oil price. We also said"}, {"start": "00:23:57", "end": "00:24:02", "text": "listen high oil price normally is bad"}, {"start": "00:24:00", "end": "00:24:04", "text": "for stocks but we became mega bull as"}, {"start": "00:24:02", "end": "00:24:06", "text": "soon as the stocks entered the bull"}, {"start": "00:24:04", "end": "00:24:07", "text": "trend. You remember earlier this year"}, {"start": "00:24:06", "end": "00:24:09", "text": "like in February stocks were actually in"}, {"start": "00:24:07", "end": "00:24:11", "text": "bare trend. They had quite a quite a"}, {"start": "00:24:09", "end": "00:24:13", "text": "dump and we said listen probably"}, {"start": "00:24:11", "end": "00:24:15", "text": "connected to the oil price. Oil price is"}, {"start": "00:24:13", "end": "00:24:17", "text": "high. So stocks are dumping as soon as"}, {"start": "00:24:15", "end": "00:24:19", "text": "stocks flip bullish. We forgot that the"}, {"start": "00:24:17", "end": "00:24:21", "text": "oil price is bad because listen pump"}, {"start": "00:24:19", "end": "00:24:23", "text": "anyway. So we're bullish stock since the"}, {"start": "00:24:21", "end": "00:24:27", "text": "bull flipped. That's it. We we we keep"}, {"start": "00:24:23", "end": "00:24:30", "text": "the practicality and the theoret how you"}, {"start": "00:24:27", "end": "00:24:32", "text": "say theory and the theory separate. High"}, {"start": "00:24:30", "end": "00:24:35", "text": "oil should be bad for stocks. Yes, they"}, {"start": "00:24:32", "end": "00:24:37", "text": "rip anyway. So we forget that and we"}, {"start": "00:24:35", "end": "00:24:39", "text": "just follow the trend. So practically"}, {"start": "00:24:37", "end": "00:24:41", "text": "S&P and NASDAQ they rip anyway nowadays."}, {"start": "00:24:39", "end": "00:24:43", "text": "So humble trend following wins without"}, {"start": "00:24:41", "end": "00:24:45", "text": "trying to be as smart as it wins over"}, {"start": "00:24:43", "end": "00:24:46", "text": "and over and over again. And that's the"}, {"start": "00:24:45", "end": "00:24:48", "text": "whole thing with the mechanical rules"}, {"start": "00:24:46", "end": "00:24:50", "text": "and what we explained to you in if you"}, {"start": "00:24:48", "end": "00:24:53", "text": "watch the video in bullmay.com. So uh"}, {"start": "00:24:50", "end": "00:24:57", "text": "looking at stocks uh oil does not dump"}, {"start": "00:24:53", "end": "00:24:58", "text": "them but at the same time it's also a a"}, {"start": "00:24:57", "end": "00:25:00", "text": "warning in case they go bare but they're"}, {"start": "00:24:58", "end": "00:25:03", "text": "nowhere near going. I mean see since the"}, {"start": "00:25:00", "end": "00:25:06", "text": "bull you're bull that's that's I love"}, {"start": "00:25:03", "end": "00:25:07", "text": "it. I love I mean this system is system"}, {"start": "00:25:06", "end": "00:25:09", "text": "is very simple and you need to be in"}, {"start": "00:25:07", "end": "00:25:11", "text": "early bull trends. I mean, look at"}, {"start": "00:25:09", "end": "00:25:12", "text": "NASDAQ up 17% since the daily bull"}, {"start": "00:25:11", "end": "00:25:14", "text": "trend. It's it's a freaking beast, man."}, {"start": "00:25:12", "end": "00:25:16", "text": "It's a beast. Should it go bare? Okay,"}, {"start": "00:25:14", "end": "00:25:18", "text": "great. Great. You risk off. It goes"}, {"start": "00:25:16", "end": "00:25:20", "text": "bare. Risk off. We can then start"}, {"start": "00:25:18", "end": "00:25:22", "text": "speaking about oil price again. Now, we"}, {"start": "00:25:20", "end": "00:25:24", "text": "don't mention oil price too much when it"}, {"start": "00:25:22", "end": "00:25:26", "text": "comes to stocks. Why? Because they don't"}, {"start": "00:25:24", "end": "00:25:28", "text": "care. Like the stocks, they decided not"}, {"start": "00:25:26", "end": "00:25:30", "text": "to care about oil. I don't try to"}, {"start": "00:25:28", "end": "00:25:32", "text": "understand it. I don't profit anything"}, {"start": "00:25:30", "end": "00:25:34", "text": "from understanding that fully. Okay? I"}, {"start": "00:25:32", "end": "00:25:36", "text": "don't I profit zero. I profit when"}, {"start": "00:25:34", "end": "00:25:39", "text": "things are bullish and chart moves up."}, {"start": "00:25:36", "end": "00:25:41", "text": "Okay? I don't get my portfolio don't"}, {"start": "00:25:39", "end": "00:25:44", "text": "don't get give me extra points for"}, {"start": "00:25:41", "end": "00:25:46", "text": "analyzing the oil and macro all of the"}, {"start": "00:25:44", "end": "00:25:49", "text": "relationships okay that gives me zero"}, {"start": "00:25:46", "end": "00:25:51", "text": "actually it gives me minus if I analyze"}, {"start": "00:25:49", "end": "00:25:54", "text": "too much and uh ignore the trend it"}, {"start": "00:25:51", "end": "00:25:58", "text": "gives me minus okay now NASDAQ will open"}, {"start": "00:25:54", "end": "00:26:02", "text": "higher very nice uh S&P 500 futures up"}, {"start": "00:25:58", "end": "00:26:04", "text": "very nice IGV IGV holy macaroni it's up"}, {"start": "00:26:02", "end": "00:26:07", "text": "but Bitcoin doesn't follow IGV anymore"}, {"start": "00:26:04", "end": "00:26:10", "text": "it's uh yeah let's see normally IGV and"}, {"start": "00:26:07", "end": "00:26:13", "text": "Bitcoin they follow quite exact but"}, {"start": "00:26:10", "end": "00:26:15", "text": "lately uh it's a bit of yeah decoupling"}, {"start": "00:26:13", "end": "00:26:16", "text": "where IGV pumps bitcoin does not pump"}, {"start": "00:26:15", "end": "00:26:20", "text": "because bitcoin is in bare trend it has"}, {"start": "00:26:16", "end": "00:26:21", "text": "a bit of a a curse you have a curse and"}, {"start": "00:26:20", "end": "00:26:24", "text": "yeah let's see what's going to happen"}, {"start": "00:26:21", "end": "00:26:26", "text": "guys strategy let's see the the uh"}, {"start": "00:26:24", "end": "00:26:28", "text": "stretch stretch can they can Michael"}, {"start": "00:26:26", "end": "00:26:31", "text": "Sailor raise money until the next uh"}, {"start": "00:26:28", "end": "00:26:35", "text": "dividend day on the 15th I mean here is"}, {"start": "00:26:31", "end": "00:26:38", "text": "where now the price of stretch should be"}, {"start": "00:26:35", "end": "00:26:40", "text": "starting to head back to 100. Okay, and"}, {"start": "00:26:38", "end": "00:26:42", "text": "if it's above 100, then sailor can uh"}, {"start": "00:26:40", "end": "00:26:44", "text": "raise money for buying Bitcoin. But"}, {"start": "00:26:42", "end": "00:26:46", "text": "currently, it's at 99. So, let's check"}, {"start": "00:26:44", "end": "00:26:48", "text": "how it goes if it goes towards 100 or"}, {"start": "00:26:46", "end": "00:26:51", "text": "not. U but yeah, something to keep an"}, {"start": "00:26:48", "end": "00:26:53", "text": "eye on here. Moving on. Moving on. Oh,"}, {"start": "00:26:51", "end": "00:26:55", "text": "uh speaking about Sui now, I'm actually"}, {"start": "00:26:53", "end": "00:26:57", "text": "bullish on SUI. Uh from the team"}, {"start": "00:26:55", "end": "00:26:59", "text": "perspective, again, it's a bare trend."}, {"start": "00:26:57", "end": "00:27:01", "text": "It's very bad. We don't touch sui now."}, {"start": "00:26:59", "end": "00:27:02", "text": "It's very bad. It's it's bare trend."}, {"start": "00:27:01", "end": "00:27:05", "text": "Stay out. Stay out. Stay out. But they"}, {"start": "00:27:02", "end": "00:27:08", "text": "have to give respect to the team because"}, {"start": "00:27:05", "end": "00:27:09", "text": "they said we had a we had a blackout."}, {"start": "00:27:08", "end": "00:27:12", "text": "What they had? They had not a blackout."}, {"start": "00:27:09", "end": "00:27:14", "text": "They had a halt. Network halt. Network"}, {"start": "00:27:12", "end": "00:27:16", "text": "halt. They had and they said uh it's"}, {"start": "00:27:14", "end": "00:27:18", "text": "unacceptable. Period. You have my"}, {"start": "00:27:16", "end": "00:27:19", "text": "sincerest apologies. And yeah, I mean"}, {"start": "00:27:18", "end": "00:27:22", "text": "this guy seems like a nice guy. He's the"}, {"start": "00:27:19", "end": "00:27:23", "text": "CEO. Okay, good."}, {"start": "00:27:22", "end": "00:27:25", "text": "Sincerious apologies for the outages. We"}, {"start": "00:27:23", "end": "00:27:27", "text": "are focused on restoring the level of"}, {"start": "00:27:25", "end": "00:27:28", "text": "relability and security. Yeah, very"}, {"start": "00:27:27", "end": "00:27:30", "text": "important. So good. Taking"}, {"start": "00:27:28", "end": "00:27:33", "text": "responsibility saying we effed up."}, {"start": "00:27:30", "end": "00:27:35", "text": "Fantastic. fix it. Uh, next guys, when"}, {"start": "00:27:33", "end": "00:27:40", "text": "it comes to stocks,"}, {"start": "00:27:35", "end": "00:27:43", "text": "uh, yeah. Uh, I don't like this that."}, {"start": "00:27:40", "end": "00:27:44", "text": "Yeah. Let's see which music is it. Okay."}, {"start": "00:27:43", "end": "00:27:47", "text": "I don't want to play music in case it's"}, {"start": "00:27:44", "end": "00:27:48", "text": "copyright. But anyway, you see the C CEO"}, {"start": "00:27:47", "end": "00:27:50", "text": "of Nvidia."}, {"start": "00:27:48", "end": "00:27:52", "text": "I I'm not sure I like it, guys. I'm not"}, {"start": "00:27:50", "end": "00:27:54", "text": "sure I like it. So, that's why should"}, {"start": "00:27:52", "end": "00:27:56", "text": "stocks go bare, we got to be very"}, {"start": "00:27:54", "end": "00:27:58", "text": "careful. We got to be super careful"}, {"start": "00:27:56", "end": "00:28:01", "text": "because these things when CEO of the"}, {"start": "00:27:58", "end": "00:28:03", "text": "like biggest gainer company goes like"}, {"start": "00:28:01", "end": "00:28:06", "text": "this"}, {"start": "00:28:03", "end": "00:28:09", "text": "like I don't know guys I get a bit"}, {"start": "00:28:06", "end": "00:28:09", "text": "nervous"}, {"start": "00:28:10", "end": "00:28:14", "text": "I get a bit nerv"}, {"start": "00:28:12", "end": "00:28:17", "text": "he he he has good moves I I cannot deny"}, {"start": "00:28:14", "end": "00:28:20", "text": "that but I get a bit nervous man I don't"}, {"start": "00:28:17", "end": "00:28:21", "text": "want to see that from my CEO okay I"}, {"start": "00:28:20", "end": "00:28:23", "text": "don't I don't want to see my CEO"}, {"start": "00:28:21", "end": "00:28:23", "text": "celebrate like"}, {"start": "00:28:25", "end": "00:28:31", "text": "Yeah, you see yourself"}, {"start": "00:28:28", "end": "00:28:34", "text": "because when Vitalik was dancing,"}, {"start": "00:28:31", "end": "00:28:37", "text": "it was the peak in ETH bit commulation"}, {"start": "00:28:34", "end": "00:28:41", "text": "when Vitalik was dancing. You remember"}, {"start": "00:28:37", "end": "00:28:44", "text": "look at Vitalik dance to me it's only"}, {"start": "00:28:41", "end": "00:28:47", "text": "almost right like romance Vitalic"}, {"start": "00:28:44", "end": "00:28:49", "text": "dancing when Vitalik was dancing that"}, {"start": "00:28:47", "end": "00:28:51", "text": "was the peak like the in Bitcoin in"}, {"start": "00:28:49", "end": "00:28:53", "text": "Bitcoin terms ETH never actually"}, {"start": "00:28:51", "end": "00:28:56", "text": "recovered from from this from this let"}, {"start": "00:28:53", "end": "00:28:59", "text": "me see"}, {"start": "00:28:56", "end": "00:28:59", "text": "never recovered"}, {"start": "00:29:03", "end": "00:29:06", "text": ">> to me it's almost like romance"}, {"start": "00:29:12", "end": "00:29:19", "text": "Big shout out. Big shout out my pants."}, {"start": "00:29:15", "end": "00:29:19", "text": ">> Check out this dance."}, {"start": "00:29:27", "end": "00:29:30", "text": ">> Why are they dancing?"}, {"start": "00:29:28", "end": "00:29:34", "text": ">> Why are they dancing?"}, {"start": "00:29:30", "end": "00:29:34", "text": ">> Is dancing."}, {"start": "00:29:36", "end": "00:29:42", "text": "This guy is dancing."}, {"start": "00:29:39", "end": "00:29:44", "text": ">> But why are they dancing? I love it. I"}, {"start": "00:29:42", "end": "00:29:48", "text": "love it. I love Vitalik. But the problem"}, {"start": "00:29:44", "end": "00:29:50", "text": "is when was this? This was uh Yeah. If"}, {"start": "00:29:48", "end": "00:29:52", "text": "you look at ETH Bitcoin chart, if you"}, {"start": "00:29:50", "end": "00:29:54", "text": "look at ETH Bitcoin chart, this was like"}, {"start": "00:29:52", "end": "00:29:56", "text": "the peak of ETH Bitcoin. Okay. This was"}, {"start": "00:29:54", "end": "00:30:01", "text": "the peak of ETH Bitcoin and it never"}, {"start": "00:29:56", "end": "00:30:01", "text": "came back. So when I see Jensen Huang"}, {"start": "00:30:01", "end": "00:30:05", "text": "Yeah."}, {"start": "00:30:03", "end": "00:30:07", "text": "Vitalic is dance. Yeah. Yeah. Yeah. I"}, {"start": "00:30:05", "end": "00:30:09", "text": "get I get slightly nervous. Let's see,"}, {"start": "00:30:07", "end": "00:30:10", "text": "guys. Let's see if if stocks go bare,"}, {"start": "00:30:09", "end": "00:30:12", "text": "we're we're bare now. They're bull as"}, {"start": "00:30:10", "end": "00:30:14", "text": "hell. So, we we're bull as hell. What is"}, {"start": "00:30:12", "end": "00:30:15", "text": "this Balanceer co-founder? I haven't"}, {"start": "00:30:14", "end": "00:30:15", "text": "watched this. Let's see what the hell he"}, {"start": "00:30:15", "end": "00:30:18", "text": "says."}, {"start": "00:30:15", "end": "00:30:22", "text": ">> I think you think Bitcoin is real,"}, {"start": "00:30:18", "end": "00:30:24", "text": "right? Um my question now is it, you"}, {"start": "00:30:22", "end": "00:30:28", "text": "know, it's become mainstream to the"}, {"start": "00:30:24", "end": "00:30:31", "text": "point of ETFs. I think it's be harder to"}, {"start": "00:30:28", "end": "00:30:33", "text": "go higher quickly now unlike it was"}, {"start": "00:30:31", "end": "00:30:34", "text": "supposed to be that everyone can get in"}, {"start": "00:30:33", "end": "00:30:35", "text": "now and that all the ETF companies are"}, {"start": "00:30:34", "end": "00:30:36", "text": "going need to buy Bitcoin to put it in"}, {"start": "00:30:35", "end": "00:30:39", "text": "the ETFs. To me it's like if you bought"}, {"start": "00:30:36", "end": "00:30:40", "text": "it at $800 or $8,000 you were smart went"}, {"start": "00:30:39", "end": "00:30:40", "text": "through a lot of trouble to buy it. Now"}, {"start": "00:30:40", "end": "00:30:41", "text": "everyone can buy it. I think it's going"}, {"start": "00:30:40", "end": "00:30:42", "text": "to be here for a while."}, {"start": "00:30:41", "end": "00:30:43", "text": ">> There's not going to be a whole new"}, {"start": "00:30:42", "end": "00:30:44", "text": "financial story driving it from from the"}, {"start": "00:30:43", "end": "00:30:45", "text": "side of buyers necessarily though."}, {"start": "00:30:44", "end": "00:30:46", "text": "There's one type of buyer that could be"}, {"start": "00:30:45", "end": "00:30:46", "text": "very important here. AI agents are going"}, {"start": "00:30:46", "end": "00:30:50", "text": "to start doing a lot of things in our"}, {"start": "00:30:46", "end": "00:30:50", "text": "economy and for agents according to"}, {"start": "00:30:50", "end": "00:30:55", "text": ">> 40k uh it's some old crap. Why they"}, {"start": "00:30:53", "end": "00:30:58", "text": "repost the old crap? This was when"}, {"start": "00:30:55", "end": "00:31:02", "text": "Bitcoin was 40k"}, {"start": "00:30:58", "end": "00:31:02", "text": "or wait."}, {"start": "00:31:02", "end": "00:31:08", "text": "Yeah, yeah, yeah. Okay. Anyway, ignore"}, {"start": "00:31:05", "end": "00:31:10", "text": "ignore they repost some old crap farming"}, {"start": "00:31:08", "end": "00:31:12", "text": "engagement. Let me I will even remove my"}, {"start": "00:31:10", "end": "00:31:14", "text": "life from this post. What is this? Okay,"}, {"start": "00:31:12", "end": "00:31:16", "text": "guys, that's it."}, {"start": "00:31:14", "end": "00:31:19", "text": "Guys, let's go to Q&A questions,"}, {"start": "00:31:16", "end": "00:31:22", "text": "answers, debates. To summarize, Bitcoin"}, {"start": "00:31:19", "end": "00:31:23", "text": "looking a bit uh flashy. Uh but at the"}, {"start": "00:31:22", "end": "00:31:25", "text": "same time, even if you are a bull is"}, {"start": "00:31:23", "end": "00:31:27", "text": "good with a flash. Let's flush it down."}, {"start": "00:31:25", "end": "00:31:29", "text": "Let's go to 200 week moving average."}, {"start": "00:31:27", "end": "00:31:31", "text": "Let's uh let's reset the sentiment"}, {"start": "00:31:29", "end": "00:31:33", "text": "fully. Uh there it's been too bullish"}, {"start": "00:31:31", "end": "00:31:35", "text": "guys. The bulljaculation has been"}, {"start": "00:31:33", "end": "00:31:37", "text": "premature bulljaculation has been very"}, {"start": "00:31:35", "end": "00:31:39", "text": "powerful. So that was like a tell sign"}, {"start": "00:31:37", "end": "00:31:41", "text": "that yeah likely"}, {"start": "00:31:39", "end": "00:31:44", "text": "likely we we're not finished guys."}, {"start": "00:31:41", "end": "00:31:46", "text": "Likely we're not finished. We need to be"}, {"start": "00:31:44", "end": "00:31:48", "text": "uh full capitulation. Full capitulation."}, {"start": "00:31:46", "end": "00:31:51", "text": "There are two types of capitulation. One"}, {"start": "00:31:48", "end": "00:31:52", "text": "type is price. I think if we get here"}, {"start": "00:31:51", "end": "00:31:55", "text": "it's going to be fantastic. Nice"}, {"start": "00:31:52", "end": "00:31:56", "text": "capitulation. That's one. And number two"}, {"start": "00:31:55", "end": "00:31:58", "text": "is time capitulation. So let's say we"}, {"start": "00:31:56", "end": "00:32:00", "text": "just you know we derp here until"}, {"start": "00:31:58", "end": "00:32:02", "text": "September. I would say likely bottom is"}, {"start": "00:32:00", "end": "00:32:03", "text": "in then also then we then I would say"}, {"start": "00:32:02", "end": "00:32:05", "text": "that this is the bottom also. If we're"}, {"start": "00:32:03", "end": "00:32:07", "text": "here in like you know August something"}, {"start": "00:32:05", "end": "00:32:09", "text": "like that September then very likely"}, {"start": "00:32:07", "end": "00:32:13", "text": "this was the bottom and then it's a very"}, {"start": "00:32:09", "end": "00:32:15", "text": "nice riskreward to be in in Bitcoin and"}, {"start": "00:32:13", "end": "00:32:17", "text": "uh this is important because stocks have"}, {"start": "00:32:15", "end": "00:32:18", "text": "been absolutely ripping. Look at Intel"}, {"start": "00:32:17", "end": "00:32:20", "text": "look at MU like look look at especially"}, {"start": "00:32:18", "end": "00:32:22", "text": "if you are part of bullman you know that"}, {"start": "00:32:20", "end": "00:32:24", "text": "we discuss stocks every day. every day"}, {"start": "00:32:22", "end": "00:32:26", "text": "there is stock coverage and stocks you"}, {"start": "00:32:24", "end": "00:32:28", "text": "know while Bitcoin has been you know"}, {"start": "00:32:26", "end": "00:32:30", "text": "derping I don't know what's been not"}, {"start": "00:32:28", "end": "00:32:32", "text": "it's not been doing great many stocks"}, {"start": "00:32:30", "end": "00:32:33", "text": "have done hundreds and hundreds and"}, {"start": "00:32:32", "end": "00:32:36", "text": "hundreds and hundreds of percent that's"}, {"start": "00:32:33", "end": "00:32:38", "text": "why I'm telling you it's all about"}, {"start": "00:32:36", "end": "00:32:40", "text": "having the best riskreward if you form"}, {"start": "00:32:38", "end": "00:32:42", "text": "in here I mean even if you're correct"}, {"start": "00:32:40", "end": "00:32:44", "text": "and this was the bottom but it's you"}, {"start": "00:32:42", "end": "00:32:46", "text": "know it it it derps for like a year it's"}, {"start": "00:32:44", "end": "00:32:48", "text": "very bad because you have opportunity"}, {"start": "00:32:46", "end": "00:32:49", "text": "cost you have opportunity cost so uh"}, {"start": "00:32:48", "end": "00:32:52", "text": "instead of being part of markets that"}, {"start": "00:32:49", "end": "00:32:54", "text": "move up you're in you in market that is"}, {"start": "00:32:52", "end": "00:32:56", "text": "like a limp. It's a limp. Uh yeah, you"}, {"start": "00:32:54", "end": "00:32:59", "text": "understand what Olympic you you"}, {"start": "00:32:56", "end": "00:33:01", "text": "understand what so um uh instead should"}, {"start": "00:32:59", "end": "00:33:03", "text": "we be here let's say August or something"}, {"start": "00:33:01", "end": "00:33:05", "text": "and this bottom still holds then I would"}, {"start": "00:33:03", "end": "00:33:07", "text": "say very likely it's the bottom and it's"}, {"start": "00:33:05", "end": "00:33:09", "text": "going to be super good in terms of"}, {"start": "00:33:07", "end": "00:33:11", "text": "riskreward because then likely this is"}, {"start": "00:33:09", "end": "00:33:12", "text": "very close to the rocket launch to"}, {"start": "00:33:11", "end": "00:33:15", "text": "Valhalla and that's what we want to be"}, {"start": "00:33:12", "end": "00:33:18", "text": "so we don't have opportunity cost but"}, {"start": "00:33:15", "end": "00:33:21", "text": "but still until August it's uh yeah two"}, {"start": "00:33:18", "end": "00:33:23", "text": "months two three months u and if we go"}, {"start": "00:33:21", "end": "00:33:24", "text": "here it's even better Like from risk"}, {"start": "00:33:23", "end": "00:33:27", "text": "reward, it's even better if we actually"}, {"start": "00:33:24", "end": "00:33:29", "text": "take this low here and go lower. If"}, {"start": "00:33:27", "end": "00:33:31", "text": "you're a bull, it's even better for you"}, {"start": "00:33:29", "end": "00:33:33", "text": "because you want you want clarity. When"}, {"start": "00:33:31", "end": "00:33:35", "text": "you have a clear capitulation, people"}, {"start": "00:33:33", "end": "00:33:38", "text": "say it's dead, but great. Let's let's"}, {"start": "00:33:35", "end": "00:33:40", "text": "let's crush a bit more souls. We we need"}, {"start": "00:33:38", "end": "00:33:43", "text": "a bit more crushing. We need a bit more"}, {"start": "00:33:40", "end": "00:33:46", "text": "crushing and let's go full capitulation."}, {"start": "00:33:43", "end": "00:33:48", "text": "Let's go. It's great. Let's do guys."}, {"start": "00:33:46", "end": "00:33:51", "text": "Let's go. Q&A, questions, answers,"}, {"start": "00:33:48", "end": "00:33:53", "text": "debates, discussions. Let's go as soon"}, {"start": "00:33:51", "end": "00:33:55", "text": "as possible. And as always, you have the"}, {"start": "00:33:53", "end": "00:33:57", "text": "bullman.com for our way of trading."}, {"start": "00:33:55", "end": "00:34:00", "text": "Number one, bullme.com/partners"}, {"start": "00:33:57", "end": "00:34:01", "text": "also link below. You have all of these"}, {"start": "00:34:00", "end": "00:34:04", "text": "different deals from exchanges like"}, {"start": "00:34:01", "end": "00:34:06", "text": "Bybit, like Pionex, big big fat deals"}, {"start": "00:34:04", "end": "00:34:07", "text": "right here. Uh for bots, you can use"}, {"start": "00:34:06", "end": "00:34:09", "text": "Pionex, you can watch the Pinex"}, {"start": "00:34:07", "end": "00:34:11", "text": "tutorials for for automatic trading. You"}, {"start": "00:34:09", "end": "00:34:14", "text": "want the weeks, which is like buy bit,"}, {"start": "00:34:11", "end": "00:34:15", "text": "but uh lower KYC for many countries, you"}, {"start": "00:34:14", "end": "00:34:17", "text": "can watch the weeks tutorial, bit tunics"}, {"start": "00:34:15", "end": "00:34:19", "text": "and and so on for so boom.com,"}, {"start": "00:34:17", "end": "00:34:22", "text": "boom.com/partners. Smash on the like,"}, {"start": "00:34:19", "end": "00:34:25", "text": "subscribe. Let's go to Q&A. We're"}, {"start": "00:34:22", "end": "00:34:28", "text": "opening up Q&A."}, {"start": "00:34:25", "end": "00:34:29", "text": "I will take service now is beginning to"}, {"start": "00:34:28", "end": "00:34:30", "text": "take off. Let's check let's check let's"}, {"start": "00:34:29", "end": "00:34:34", "text": "check let's check how it looks. Service"}, {"start": "00:34:30", "end": "00:34:38", "text": "now very nice very yeah see this is"}, {"start": "00:34:34", "end": "00:34:39", "text": "actually bullish for uh stocks"}, {"start": "00:34:38", "end": "00:34:41", "text": "that all of the SAS companies you"}, {"start": "00:34:39", "end": "00:34:43", "text": "remember we said that SAS companies"}, {"start": "00:34:41", "end": "00:34:45", "text": "likely will recover because you will not"}, {"start": "00:34:43", "end": "00:34:47", "text": "they will not be vibe coded away. I I"}, {"start": "00:34:45", "end": "00:34:49", "text": "like enterprise SAS will not be vibe"}, {"start": "00:34:47", "end": "00:34:52", "text": "coded away. Sometimes people are telling"}, {"start": "00:34:49", "end": "00:34:53", "text": "me but no Ivan I have vibe coded a thing"}, {"start": "00:34:52", "end": "00:34:55", "text": "for my business. Yes, you're one guy,"}, {"start": "00:34:53", "end": "00:34:58", "text": "maybe you're five guys, then it's okay"}, {"start": "00:34:55", "end": "00:35:01", "text": "if then it's okay. If you don't have uh"}, {"start": "00:34:58", "end": "00:35:03", "text": "tens of millions in revenue that uh that"}, {"start": "00:35:01", "end": "00:35:05", "text": "that you know you have a real business"}, {"start": "00:35:03", "end": "00:35:06", "text": "and listen I if you have a small"}, {"start": "00:35:05", "end": "00:35:08", "text": "business it's fine like for you then"}, {"start": "00:35:06", "end": "00:35:10", "text": "vibe coing is good but uh what is"}, {"start": "00:35:08", "end": "00:35:12", "text": "driving a lot of this stocks and revenue"}, {"start": "00:35:10", "end": "00:35:14", "text": "for these companies it's not you it's"}, {"start": "00:35:12", "end": "00:35:15", "text": "not you it's also not me like I'm also"}, {"start": "00:35:14", "end": "00:35:18", "text": "doing a bit of vibe causing here and"}, {"start": "00:35:15", "end": "00:35:20", "text": "there okay so don't compare like"}, {"start": "00:35:18", "end": "00:35:23", "text": "yourself to what's actually happening"}, {"start": "00:35:20", "end": "00:35:26", "text": "and what is happening is that enterprise"}, {"start": "00:35:23", "end": "00:35:28", "text": "will not vibe code freaking accounting"}, {"start": "00:35:26", "end": "00:35:31", "text": "or they will not vibe code freaking uh"}, {"start": "00:35:28", "end": "00:35:32", "text": "CRM. They will not vibe code like any of"}, {"start": "00:35:31", "end": "00:35:34", "text": "this stuff like they will they will not"}, {"start": "00:35:32", "end": "00:35:36", "text": "vibe code. They will not AI will not"}, {"start": "00:35:34", "end": "00:35:38", "text": "disrupt that. Okay, so we've been saying"}, {"start": "00:35:36", "end": "00:35:42", "text": "that listen look at all of this"}, {"start": "00:35:38", "end": "00:35:44", "text": "enterprise SAS very unlikely to get vibe"}, {"start": "00:35:42", "end": "00:35:46", "text": "coded. Very unlikely to get vibe coded."}, {"start": "00:35:44", "end": "00:35:48", "text": "uh will Salesforce I think it's very"}, {"start": "00:35:46", "end": "00:35:49", "text": "unlikely to get VI vibe code and I think"}, {"start": "00:35:48", "end": "00:35:52", "text": "it's gonna uh as soon as it's bull it's"}, {"start": "00:35:49", "end": "00:35:55", "text": "gonna be very nice signal because uh the"}, {"start": "00:35:52", "end": "00:35:57", "text": "thesis will then confirm with the chart"}, {"start": "00:35:55", "end": "00:35:59", "text": "will comp confirm the thesis that uh"}, {"start": "00:35:57", "end": "00:36:01", "text": "this is like fear of AI it's it's been"}, {"start": "00:35:59", "end": "00:36:04", "text": "too irrational man it's been too rush I"}, {"start": "00:36:01", "end": "00:36:06", "text": "mean since the speak it's down 50%. So"}, {"start": "00:36:04", "end": "00:36:08", "text": "yes, but here's the thing. We're still"}, {"start": "00:36:06", "end": "00:36:09", "text": "bearish. We know it's irrational, but"}, {"start": "00:36:08", "end": "00:36:12", "text": "price is bearish. We're still bearish."}, {"start": "00:36:09", "end": "00:36:14", "text": "You understand? But uh both when it"}, {"start": "00:36:12", "end": "00:36:17", "text": "comes to price and when it comes to to"}, {"start": "00:36:14", "end": "00:36:20", "text": "story, say uh Salesforce turns bull."}, {"start": "00:36:17", "end": "00:36:23", "text": "Great. Great. But you you need bull"}, {"start": "00:36:20", "end": "00:36:25", "text": "trend story rationality. That's"}, {"start": "00:36:23", "end": "00:36:28", "text": "secondary. You always need trend number"}, {"start": "00:36:25", "end": "00:36:30", "text": "one. But so uh yeah, service now good."}, {"start": "00:36:28", "end": "00:36:33", "text": "It's actually now bull trend on the"}, {"start": "00:36:30", "end": "00:36:37", "text": "weekly. Very nice. confirmed bull trend"}, {"start": "00:36:33", "end": "00:36:40", "text": "on the weekly. So this thing uh yeah uh"}, {"start": "00:36:37", "end": "00:36:44", "text": "you see yourself uh next resistance for"}, {"start": "00:36:40", "end": "00:36:46", "text": "this one uh from here let's say to here"}, {"start": "00:36:44", "end": "00:36:48", "text": "it's 40% let's say it opens like from"}, {"start": "00:36:46", "end": "00:36:49", "text": "this open to the here like 30%. So yeah,"}, {"start": "00:36:48", "end": "00:36:50", "text": "you have a nice play here. Absolutely."}, {"start": "00:36:49", "end": "00:36:55", "text": "You have you have a nice play. Let's see"}, {"start": "00:36:50", "end": "00:36:55", "text": "what's going to happen. Uh"}, {"start": "00:36:55", "end": "00:37:02", "text": "I need I read someone uh claiming that"}, {"start": "00:36:59", "end": "00:37:04", "text": "hyper moving into top five market cap by"}, {"start": "00:37:02", "end": "00:37:05", "text": "2027. Is that even conceivable? I think"}, {"start": "00:37:04", "end": "00:37:07", "text": "it's conceivable. Why? Because when you"}, {"start": "00:37:05", "end": "00:37:09", "text": "look at the top five market caps, it's"}, {"start": "00:37:07", "end": "00:37:11", "text": "all like fugazi stuff anyway. So I think"}, {"start": "00:37:09", "end": "00:37:12", "text": "it's very conceivable. Look at I mean"}, {"start": "00:37:11", "end": "00:37:15", "text": "it's vaporware. Most of the stuff is"}, {"start": "00:37:12", "end": "00:37:17", "text": "like vaporware looking here. So you have"}, {"start": "00:37:15", "end": "00:37:19", "text": "Bitcoin, you have E. I mean ETH. Okay."}, {"start": "00:37:17", "end": "00:37:21", "text": "ETH likely is going to stay remove"}, {"start": "00:37:19", "end": "00:37:24", "text": "stable coins because they're not really"}, {"start": "00:37:21", "end": "00:37:27", "text": "counted here. BNB, I mean BNB is great."}, {"start": "00:37:24", "end": "00:37:29", "text": "I love BNB. The price chart is good, but"}, {"start": "00:37:27", "end": "00:37:31", "text": "you know, I mean, from a usage"}, {"start": "00:37:29", "end": "00:37:33", "text": "perspective. Hype, you can you can argue"}, {"start": "00:37:31", "end": "00:37:35", "text": "that hype has a bigger impact from a"}, {"start": "00:37:33", "end": "00:37:37", "text": "usage perspective than BNB. Currently,"}, {"start": "00:37:35", "end": "00:37:38", "text": "like the way it is now, people are not"}, {"start": "00:37:37", "end": "00:37:41", "text": "really I don't know too many people that"}, {"start": "00:37:38", "end": "00:37:44", "text": "use BNB or trade like XRP. Uh, sorry,"}, {"start": "00:37:41", "end": "00:37:47", "text": "Vaporware. Big shout big shout like XRP"}, {"start": "00:37:44", "end": "00:37:49", "text": "has I love XRP overall. It's like five"}, {"start": "00:37:47", "end": "00:37:51", "text": "in terms of the price. I respect the the"}, {"start": "00:37:49", "end": "00:37:53", "text": "price. It's number five, but it's been"}, {"start": "00:37:51", "end": "00:37:57", "text": "vaporware for like 15 years now or how"}, {"start": "00:37:53", "end": "00:38:00", "text": "many years it is. You you got to respect"}, {"start": "00:37:57", "end": "00:38:02", "text": "the grind at some point. I just respect"}, {"start": "00:38:00", "end": "00:38:05", "text": "the grind. Okay. But yeah, vaporware. Uh"}, {"start": "00:38:02", "end": "00:38:08", "text": "then you have stable coin, soul, I mean"}, {"start": "00:38:05", "end": "00:38:11", "text": "soul, let's see, hype I think has a"}, {"start": "00:38:08", "end": "00:38:13", "text": "chance to go. Yeah. So basically, hype"}, {"start": "00:38:11", "end": "00:38:15", "text": "needs to go. It needs to replace X. I"}, {"start": "00:38:13", "end": "00:38:18", "text": "think it can do it. It's possible. It's"}, {"start": "00:38:15", "end": "00:38:21", "text": "possible. It's possible. Okay. I very"}, {"start": "00:38:18", "end": "00:38:23", "text": "possible. But I I love XRP. But I mean,"}, {"start": "00:38:21", "end": "00:38:25", "text": "you understand. You understand. But I I"}, {"start": "00:38:23", "end": "00:38:26", "text": "I love it. I respect the grind, man. I"}, {"start": "00:38:25", "end": "00:38:29", "text": "respect it. At the end of the day, man,"}, {"start": "00:38:26", "end": "00:38:31", "text": "you know, for 15 years, they they grind"}, {"start": "00:38:29", "end": "00:38:33", "text": "this vaporware thing is still number"}, {"start": "00:38:31", "end": "00:38:35", "text": "five."}, {"start": "00:38:33", "end": "00:38:38", "text": "They dump a lot of the coin. They have"}, {"start": "00:38:35", "end": "00:38:40", "text": "always committed community. They think"}, {"start": "00:38:38", "end": "00:38:43", "text": "XRPL, Ledger, what the hell banks are"}, {"start": "00:38:40", "end": "00:38:45", "text": "going to you would be. They're literally"}, {"start": "00:38:43", "end": "00:38:47", "text": "stable coins now. like the whole old"}, {"start": "00:38:45", "end": "00:38:50", "text": "regulation is all about stable coins,"}, {"start": "00:38:47", "end": "00:38:52", "text": "you know, banks settling with themselves"}, {"start": "00:38:50", "end": "00:38:54", "text": "also stable coins, but still XRP,"}, {"start": "00:38:52", "end": "00:38:57", "text": "they're still like kind of part of the"}, {"start": "00:38:54", "end": "00:38:59", "text": "story. I don't understand how to it's to"}, {"start": "00:38:57", "end": "00:39:03", "text": "me it's inconceivable. I just have to"}, {"start": "00:38:59", "end": "00:39:03", "text": "respect it, man. I just"}, {"start": "00:39:06", "end": "00:39:13", "text": "I have to respect it. I have to respect"}, {"start": "00:39:09", "end": "00:39:17", "text": "it. Let's see what happened. One second."}, {"start": "00:39:13", "end": "00:39:17", "text": "Oh yeah."}, {"start": "00:39:19", "end": "00:39:25", "text": "XLM pump. Let's let's let's see XML."}, {"start": "00:39:21", "end": "00:39:25", "text": "Let's let's see XLM what's happening."}, {"start": "00:39:30", "end": "00:39:35", "text": "Very nice. Bullish"}, {"start": "00:39:33", "end": "00:39:37", "text": "big volume. I love it when it's big"}, {"start": "00:39:35", "end": "00:39:40", "text": "volume. So it's confirmed move. I I"}, {"start": "00:39:37", "end": "00:39:42", "text": "think overall it's weekly bullish. Let's"}, {"start": "00:39:40", "end": "00:39:45", "text": "let's check daily."}, {"start": "00:39:42", "end": "00:39:47", "text": "There you go. There you go. Uh last day"}, {"start": "00:39:45", "end": "00:39:51", "text": "of confirmation also on the daily. Let's"}, {"start": "00:39:47", "end": "00:39:51", "text": "check the 12 hour"}, {"start": "00:39:52", "end": "00:39:56", "text": "12hour bull. Yeah, I mean it's bullish"}, {"start": "00:39:54", "end": "00:39:58", "text": "across all of the time frames basically."}, {"start": "00:39:56", "end": "00:40:01", "text": "Let's check 1 hour"}, {"start": "00:39:58", "end": "00:40:03", "text": "1 hour shortterm trend bearish. So all"}, {"start": "00:40:01", "end": "00:40:04", "text": "in all on the weekly bullish on bigger"}, {"start": "00:40:03", "end": "00:40:06", "text": "time frames it's now entering bullish."}, {"start": "00:40:04", "end": "00:40:08", "text": "But let's see. I mean the problem here"}, {"start": "00:40:06", "end": "00:40:10", "text": "is that you you see yourself with"}, {"start": "00:40:08", "end": "00:40:12", "text": "stellar guys."}, {"start": "00:40:10", "end": "00:40:15", "text": "Stellar I I would be super careful"}, {"start": "00:40:12", "end": "00:40:17", "text": "actually because if you think about it"}, {"start": "00:40:15", "end": "00:40:20", "text": "if you think about it if you've been in"}, {"start": "00:40:17", "end": "00:40:24", "text": "crypto for a few years"}, {"start": "00:40:20", "end": "00:40:26", "text": "stellar always is a pump and dump and"}, {"start": "00:40:24", "end": "00:40:28", "text": "you I mean you see it on the chart now."}, {"start": "00:40:26", "end": "00:40:31", "text": "I don't know how they do it. Is it their"}, {"start": "00:40:28", "end": "00:40:32", "text": "market maker? But it happened many times"}, {"start": "00:40:31", "end": "00:40:34", "text": "where it has a god candle and then it"}, {"start": "00:40:32", "end": "00:40:36", "text": "deflates. God candle and then it"}, {"start": "00:40:34", "end": "00:40:37", "text": "deflates like you know no one cares"}, {"start": "00:40:36", "end": "00:40:40", "text": "about stellar then suddenly out of"}, {"start": "00:40:37", "end": "00:40:41", "text": "nowhere stellar comes for like a week"}, {"start": "00:40:40", "end": "00:40:43", "text": "and oh I have you seen stellar have you"}, {"start": "00:40:41", "end": "00:40:46", "text": "seen stellar stellar and then it"}, {"start": "00:40:43", "end": "00:40:49", "text": "deflates and then you know a year passes"}, {"start": "00:40:46", "end": "00:40:51", "text": "another one gold candle fake pump and"}, {"start": "00:40:49", "end": "00:40:55", "text": "dump happens everyone's like oh stellar"}, {"start": "00:40:51", "end": "00:40:58", "text": "and then deflates so"}, {"start": "00:40:55", "end": "00:40:59", "text": "for this reason I would just be a bit"}, {"start": "00:40:58", "end": "00:41:01", "text": "careful here because I mean you see"}, {"start": "00:40:59", "end": "00:41:05", "text": "yourself like it's the third now it's"}, {"start": "00:41:01", "end": "00:41:07", "text": "the Third is the third now. Here it was"}, {"start": "00:41:05", "end": "00:41:11", "text": "another one."}, {"start": "00:41:07", "end": "00:41:12", "text": "Yeah. So all in all definitely something"}, {"start": "00:41:11", "end": "00:41:15", "text": "happening here. I mean definitely but I"}, {"start": "00:41:12", "end": "00:41:18", "text": "would just be careful with this. Okay."}, {"start": "00:41:15", "end": "00:41:21", "text": "Or with uh with this like see it as a"}, {"start": "00:41:18", "end": "00:41:23", "text": "trade. Don't see it as uh and also the"}, {"start": "00:41:21", "end": "00:41:26", "text": "problem is the problem is it pumps very"}, {"start": "00:41:23", "end": "00:41:28", "text": "fast and then it dumps. So here's the"}, {"start": "00:41:26", "end": "00:41:30", "text": "problem. You see when it pumps so"}, {"start": "00:41:28", "end": "00:41:33", "text": "quickly just one candle uh a lot of the"}, {"start": "00:41:30", "end": "00:41:34", "text": "trends don't have time to confirm. So"}, {"start": "00:41:33", "end": "00:41:37", "text": "like here for example daily is still"}, {"start": "00:41:34", "end": "00:41:40", "text": "confirming 12 hour is still confirming."}, {"start": "00:41:37", "end": "00:41:43", "text": "So when they just pump it in one candle"}, {"start": "00:41:40", "end": "00:41:45", "text": "it's it's basically untradable. Okay."}, {"start": "00:41:43", "end": "00:41:51", "text": "And then what happens they deflate it"}, {"start": "00:41:45", "end": "00:41:53", "text": "over like months. So uh for this reason"}, {"start": "00:41:51", "end": "00:41:55", "text": "this is not for me. I don't like it. I I"}, {"start": "00:41:53", "end": "00:41:58", "text": "want more like normal growth you know"}, {"start": "00:41:55", "end": "00:42:00", "text": "chart is nice candle after candle I want"}, {"start": "00:41:58", "end": "00:42:02", "text": "to understand what's happening here I"}, {"start": "00:42:00", "end": "00:42:05", "text": "mean someone did pump it fat finger"}, {"start": "00:42:02", "end": "00:42:07", "text": "market maker they pumped it very fast uh"}, {"start": "00:42:05", "end": "00:42:10", "text": "they I mean as you can see high volume"}, {"start": "00:42:07", "end": "00:42:12", "text": "which normally is good but in stellar"}, {"start": "00:42:10", "end": "00:42:16", "text": "maybe it's just the how much they needed"}, {"start": "00:42:12", "end": "00:42:17", "text": "to like how much coins how much USDT or"}, {"start": "00:42:16", "end": "00:42:19", "text": "USDC they needed to put in to pump it"}, {"start": "00:42:17", "end": "00:42:21", "text": "maybe that's I I don't know so for me"}, {"start": "00:42:19", "end": "00:42:22", "text": "it's not for me because as you can see"}, {"start": "00:42:21", "end": "00:42:24", "text": "we follow the trends"}, {"start": "00:42:22", "end": "00:42:26", "text": "When it comes to the trends, you cannot"}, {"start": "00:42:24", "end": "00:42:28", "text": "just have one fat candle, God candle,"}, {"start": "00:42:26", "end": "00:42:31", "text": "like we're not playing that game. We're"}, {"start": "00:42:28", "end": "00:42:33", "text": "not playing that game like a foro. Oh,"}, {"start": "00:42:31", "end": "00:42:34", "text": "have you seen this gold candle for? No,"}, {"start": "00:42:33", "end": "00:42:37", "text": "no, no. Listen, it needs to have"}, {"start": "00:42:34", "end": "00:42:39", "text": "confirmation on the daily just now"}, {"start": "00:42:37", "end": "00:42:42", "text": "confirming. So based on this, I would"}, {"start": "00:42:39", "end": "00:42:43", "text": "say be careful. I I myself careful with"}, {"start": "00:42:42", "end": "00:42:46", "text": "this. There are many other opportunities"}, {"start": "00:42:43", "end": "00:42:49", "text": "that make way more sense. Way way way"}, {"start": "00:42:46", "end": "00:42:51", "text": "more sense. I I would rather have it um"}, {"start": "00:42:49", "end": "00:42:54", "text": "uh I mean like kind of like hyperl you"}, {"start": "00:42:51", "end": "00:42:56", "text": "see you see you see kind kind of like"}, {"start": "00:42:54", "end": "00:42:59", "text": "this you know not just one god candle"}, {"start": "00:42:56", "end": "00:43:02", "text": "have it nice grind up like this yeah"}, {"start": "00:42:59", "end": "00:43:02", "text": "there we go"}, {"start": "00:43:06", "end": "00:43:11", "text": "I love great Valhalla that's perfect I"}, {"start": "00:43:08", "end": "00:43:13", "text": "would love uh"}, {"start": "00:43:11", "end": "00:43:17", "text": "people don't like AI me included because"}, {"start": "00:43:13", "end": "00:43:18", "text": "it's taking our jobs government uh must"}, {"start": "00:43:17", "end": "00:43:21", "text": "come up with something such meme"}, {"start": "00:43:18", "end": "00:43:24", "text": "percentage of required workers."}, {"start": "00:43:21", "end": "00:43:26", "text": "Uh yeah, probably guys. Probably guys, I"}, {"start": "00:43:24", "end": "00:43:30", "text": "mean it's uh it's going to be"}, {"start": "00:43:26", "end": "00:43:32", "text": "interesting to to see it unfold. Um"}, {"start": "00:43:30", "end": "00:43:34", "text": "I I'm a bit split on this. I mean, I'm"}, {"start": "00:43:32", "end": "00:43:36", "text": "I'm I mean, when it comes to like"}, {"start": "00:43:34", "end": "00:43:38", "text": "employment and all of that, uh I'm more"}, {"start": "00:43:36", "end": "00:43:41", "text": "I'm more brutal in my thinking, guys."}, {"start": "00:43:38", "end": "00:43:44", "text": "And uh you'll have to a apologize me for"}, {"start": "00:43:41", "end": "00:43:46", "text": "that, but you know, it's uh I'm I'm less"}, {"start": "00:43:44", "end": "00:43:48", "text": "for like trying to support people to get"}, {"start": "00:43:46", "end": "00:43:50", "text": "to like support them to get employment."}, {"start": "00:43:48", "end": "00:43:52", "text": "I think if the world changes and you're"}, {"start": "00:43:50", "end": "00:43:54", "text": "not needed, like you have to that that's"}, {"start": "00:43:52", "end": "00:43:56", "text": "on you to figure out. Uh now, I I know"}, {"start": "00:43:54", "end": "00:43:57", "text": "it's it's a brutal take. People don't"}, {"start": "00:43:56", "end": "00:44:01", "text": "like when I say that. They say, \"Oh, no,"}, {"start": "00:43:57", "end": "00:44:04", "text": "but I'm in our job. Our job.\" Listen uh"}, {"start": "00:44:01", "end": "00:44:05", "text": "you have uh people hiring you employer"}, {"start": "00:44:04", "end": "00:44:07", "text": "they don't owe you job they don't owe"}, {"start": "00:44:05", "end": "00:44:10", "text": "you like they it's their business they"}, {"start": "00:44:07", "end": "00:44:12", "text": "they you know they have shareholders"}, {"start": "00:44:10", "end": "00:44:13", "text": "they they they owe to shareholders okay"}, {"start": "00:44:12", "end": "00:44:15", "text": "I mean that that's how the world works"}, {"start": "00:44:13", "end": "00:44:17", "text": "man it's and again I'm telling you that"}, {"start": "00:44:15", "end": "00:44:19", "text": "because I want to be upfront I see you"}, {"start": "00:44:17", "end": "00:44:21", "text": "as a friend I see you as someone so the"}, {"start": "00:44:19", "end": "00:44:22", "text": "way I'm thinking is that so that's I'm"}, {"start": "00:44:21", "end": "00:44:25", "text": "thinking and that's how I've been"}, {"start": "00:44:22", "end": "00:44:26", "text": "thinking my whole life like I never when"}, {"start": "00:44:25", "end": "00:44:28", "text": "you know when you are employed I always"}, {"start": "00:44:26", "end": "00:44:30", "text": "had in mind because for the first year"}, {"start": "00:44:28", "end": "00:44:32", "text": "of my career I was employed"}, {"start": "00:44:30", "end": "00:44:35", "text": "As a developer, I always had in mind"}, {"start": "00:44:32", "end": "00:44:38", "text": "that man, listen, any day situation"}, {"start": "00:44:35", "end": "00:44:40", "text": "changes, I'm out. I'm out. Okay. The"}, {"start": "00:44:38", "end": "00:44:42", "text": "best way to protect yourself against"}, {"start": "00:44:40", "end": "00:44:43", "text": "that is to be good at, for example,"}, {"start": "00:44:42", "end": "00:44:45", "text": "crypto and trading. I mean, my solution"}, {"start": "00:44:43", "end": "00:44:47", "text": "to that was to go like figure out"}, {"start": "00:44:45", "end": "00:44:50", "text": "financial markets. No one can fire you"}, {"start": "00:44:47", "end": "00:44:52", "text": "from financial markets. You trade any"}, {"start": "00:44:50", "end": "00:44:55", "text": "day, anywhere, that's it. No one can"}, {"start": "00:44:52", "end": "00:44:57", "text": "fire you. So, I it's a legit concern,"}, {"start": "00:44:55", "end": "00:45:01", "text": "but I don't think that anyone owes you a"}, {"start": "00:44:57", "end": "00:45:03", "text": "job. job is not a is not a guarantee."}, {"start": "00:45:01", "end": "00:45:05", "text": "You're either needed, your skills are"}, {"start": "00:45:03", "end": "00:45:06", "text": "needed, or they're not needed. And if"}, {"start": "00:45:05", "end": "00:45:08", "text": "you're if you're not needed, you should"}, {"start": "00:45:06", "end": "00:45:11", "text": "not have a job. I mean, I I that's how"}, {"start": "00:45:08", "end": "00:45:14", "text": "my brain works. Maybe I'm like autistic,"}, {"start": "00:45:11", "end": "00:45:17", "text": "you know? I I I I don't But I I I don't"}, {"start": "00:45:14", "end": "00:45:19", "text": "have sympathy. I I don't know what it"}, {"start": "00:45:17", "end": "00:45:22", "text": "is. I just don't I I because I also in"}, {"start": "00:45:19", "end": "00:45:25", "text": "my brain, I've never thought that anyone"}, {"start": "00:45:22", "end": "00:45:26", "text": "owes me anything. So that's why I have a"}, {"start": "00:45:25", "end": "00:45:28", "text": "hard time like sympathizing. Like people"}, {"start": "00:45:26", "end": "00:45:30", "text": "say, \"Oh, no, our jobs, they're cutting"}, {"start": "00:45:28", "end": "00:45:33", "text": "job to AI.\" Well, AI can do what you do,"}, {"start": "00:45:30", "end": "00:45:35", "text": "so it's cheap. It's like subscription."}, {"start": "00:45:33", "end": "00:45:38", "text": "Good. Uh don't don't have opinions on"}, {"start": "00:45:35", "end": "00:45:39", "text": "that. Just say, \"Fantastic.\" You know,"}, {"start": "00:45:38", "end": "00:45:43", "text": "that's why people are unhappy. People"}, {"start": "00:45:39", "end": "00:45:44", "text": "are unhappy because their expectation,"}, {"start": "00:45:43", "end": "00:45:46", "text": "you know, happiness, what is the"}, {"start": "00:45:44", "end": "00:45:49", "text": "formula, mathematical formula of"}, {"start": "00:45:46", "end": "00:45:52", "text": "happiness? Happiness is the difference"}, {"start": "00:45:49", "end": "00:45:53", "text": "between expectations and reality. So my"}, {"start": "00:45:52", "end": "00:45:55", "text": "expectation is always, you know, you're"}, {"start": "00:45:53", "end": "00:45:56", "text": "hired, you can always be fired. My"}, {"start": "00:45:55", "end": "00:45:59", "text": "expectation also when you do business"}, {"start": "00:45:56", "end": "00:46:01", "text": "with someone, man, you you could get"}, {"start": "00:45:59", "end": "00:46:02", "text": "screwed over. Okay? So, you need to be"}, {"start": "00:46:01", "end": "00:46:03", "text": "fully protected. You have to be a bit"}, {"start": "00:46:02", "end": "00:46:05", "text": "paranoid. You know, in business, you"}, {"start": "00:46:03", "end": "00:46:08", "text": "have to be paranoid because, you know,"}, {"start": "00:46:05", "end": "00:46:09", "text": "humans, we are freaking monkeys under"}, {"start": "00:46:08", "end": "00:46:10", "text": "under the hood. Maybe you get screwed"}, {"start": "00:46:09", "end": "00:46:12", "text": "over. Like, who the hell knows? It"}, {"start": "00:46:10", "end": "00:46:13", "text": "wouldn't surprise me if someone tries to"}, {"start": "00:46:12", "end": "00:46:15", "text": "screw me. Wouldn't surprise. So, let's"}, {"start": "00:46:13", "end": "00:46:18", "text": "let's put full protection in place,"}, {"start": "00:46:15", "end": "00:46:20", "text": "full, you know, arms length. So, it just"}, {"start": "00:46:18", "end": "00:46:22", "text": "so I'm actually quite happy from that"}, {"start": "00:46:20", "end": "00:46:25", "text": "regard. I don't have high expectation on"}, {"start": "00:46:22", "end": "00:46:27", "text": "my employer if I am employed or on"}, {"start": "00:46:25", "end": "00:46:29", "text": "anyone I don't have high expectation"}, {"start": "00:46:27", "end": "00:46:30", "text": "just handle the situation your"}, {"start": "00:46:29", "end": "00:46:32", "text": "responsibility is to handle the"}, {"start": "00:46:30", "end": "00:46:34", "text": "situation if you handle situation you"}, {"start": "00:46:32", "end": "00:46:37", "text": "will be surprised actually the outcome"}, {"start": "00:46:34", "end": "00:46:39", "text": "is going to be great okay okay but you"}, {"start": "00:46:37", "end": "00:46:41", "text": "you have to handle that yourself so"}, {"start": "00:46:39", "end": "00:46:43", "text": "you're going to get fired see it as a"}, {"start": "00:46:41", "end": "00:46:46", "text": "good thing you can learn trading instead"}, {"start": "00:46:43", "end": "00:46:48", "text": "go to boommy.com I mean learn trading"}, {"start": "00:46:46", "end": "00:46:50", "text": "better that you get fired because uh"}, {"start": "00:46:48", "end": "00:46:52", "text": "yeah I mean but that's also like you you"}, {"start": "00:46:50", "end": "00:46:54", "text": "get employed for something that you know"}, {"start": "00:46:52", "end": "00:46:57", "text": "you're not needed. You know AI like you"}, {"start": "00:46:54", "end": "00:46:59", "text": "say government should force them to hire"}, {"start": "00:46:57", "end": "00:47:01", "text": "minimum percent. I mean that's"}, {"start": "00:46:59", "end": "00:47:02", "text": "degrading. You know you're there just"}, {"start": "00:47:01", "end": "00:47:04", "text": "because government told them to hire"}, {"start": "00:47:02", "end": "00:47:06", "text": "you. You're really not needed. Like AI"}, {"start": "00:47:04", "end": "00:47:08", "text": "could do what the hell you do. It's also"}, {"start": "00:47:06", "end": "00:47:09", "text": "degrading. So guys listen it's a hard uh"}, {"start": "00:47:08", "end": "00:47:12", "text": "I'm not saying it's easy. Like it's a"}, {"start": "00:47:09", "end": "00:47:14", "text": "very hard topic. I'm not saying that uh"}, {"start": "00:47:12", "end": "00:47:15", "text": "I'm not a politician so I don't know the"}, {"start": "00:47:14", "end": "00:47:17", "text": "solution. Maybe you need some kind of"}, {"start": "00:47:15", "end": "00:47:18", "text": "support so people don't go loco. I mean"}, {"start": "00:47:17", "end": "00:47:20", "text": "if they go loco too much you're going to"}, {"start": "00:47:18", "end": "00:47:22", "text": "have communism. Okay, you're going to"}, {"start": "00:47:20", "end": "00:47:24", "text": "have Soviet Union. You're going to have"}, {"start": "00:47:22", "end": "00:47:25", "text": "like industrial revolution, they go"}, {"start": "00:47:24", "end": "00:47:27", "text": "loco. So, you need to handle them"}, {"start": "00:47:25", "end": "00:47:29", "text": "somehow. I don't want to handle them."}, {"start": "00:47:27", "end": "00:47:32", "text": "I'm just telling you how it is. Maybe"}, {"start": "00:47:29", "end": "00:47:34", "text": "someone smarter. May maybe mom Dani is"}, {"start": "00:47:32", "end": "00:47:37", "text": "the genius here. Maybe mom Danny is"}, {"start": "00:47:34", "end": "00:47:39", "text": "what, you know, he says, \"Let's get"}, {"start": "00:47:37", "end": "00:47:42", "text": "plebe free stuff.\" So, they take it"}, {"start": "00:47:39", "end": "00:47:44", "text": "easy. Maybe he's the capitalistic genius"}, {"start": "00:47:42", "end": "00:47:46", "text": "protecting capitalism against the"}, {"start": "00:47:44", "end": "00:47:49", "text": "uprising of the plebbe. They can cheer"}, {"start": "00:47:46", "end": "00:47:51", "text": "on Manny. He tells them free stuff, free"}, {"start": "00:47:49", "end": "00:47:54", "text": "stuff and the system can survive. Maybe"}, {"start": "00:47:51", "end": "00:47:56", "text": "that's how it is. I don't know guys like"}, {"start": "00:47:54", "end": "00:47:59", "text": "uh you you just have to have a bit of"}, {"start": "00:47:56", "end": "00:48:01", "text": "self-custody in case you know with AI."}, {"start": "00:47:59", "end": "00:48:03", "text": "I'm really concerned about this"}, {"start": "00:48:01", "end": "00:48:04", "text": "actually. I'm really concerned. I'm"}, {"start": "00:48:03", "end": "00:48:07", "text": "really concerned because people will not"}, {"start": "00:48:04", "end": "00:48:08", "text": "be able to figure themselves out. Sadly,"}, {"start": "00:48:07", "end": "00:48:10", "text": "most people won't. Most people are"}, {"start": "00:48:08", "end": "00:48:12", "text": "entitled. They think that employer owes"}, {"start": "00:48:10", "end": "00:48:13", "text": "them something. Is probably going to be"}, {"start": "00:48:12", "end": "00:48:15", "text": "a bit of unrest. Probably going to be"}, {"start": "00:48:13", "end": "00:48:17", "text": "some weird political moves. I I don't"}, {"start": "00:48:15", "end": "00:48:18", "text": "know what's going to happen, but I'm a"}, {"start": "00:48:17", "end": "00:48:19", "text": "bit concerned. I'm bit I'm actually a"}, {"start": "00:48:18", "end": "00:48:22", "text": "bit concerned. It's good to be a bit"}, {"start": "00:48:19", "end": "00:48:25", "text": "concerned and uh prepare prepare for the"}, {"start": "00:48:22", "end": "00:48:27", "text": "worst and uh hope for the best. Okay,"}, {"start": "00:48:25", "end": "00:48:29", "text": "that's how you ensure you're happy. So"}, {"start": "00:48:27", "end": "00:48:31", "text": "your expectations and reality there is"}, {"start": "00:48:29", "end": "00:48:32", "text": "little difference and if there is"}, {"start": "00:48:31", "end": "00:48:35", "text": "difference then reality is better than"}, {"start": "00:48:32", "end": "00:48:38", "text": "expectation. Okay. Anyway, uh moving on,"}, {"start": "00:48:35", "end": "00:48:38", "text": "moving on. Guys,"}, {"start": "00:48:40", "end": "00:48:45", "text": "did you talk about the EU tax regime"}, {"start": "00:48:42", "end": "00:48:48", "text": "proposal? Which tax regime?"}, {"start": "00:48:45", "end": "00:48:50", "text": "EU. You mean that there's some tax"}, {"start": "00:48:48", "end": "00:48:53", "text": "regime on EU? Let me see what's"}, {"start": "00:48:50", "end": "00:48:55", "text": "happening. I haven't seen anything."}, {"start": "00:48:53", "end": "00:48:57", "text": "Uh oh. Well, I mean recent. The EU"}, {"start": "00:48:55", "end": "00:49:01", "text": "doesn't really tax anything, but let's"}, {"start": "00:48:57", "end": "00:49:04", "text": "see. The most critical and recent EU tax"}, {"start": "00:49:01", "end": "00:49:07", "text": "region proposal is the May 2026. Well,"}, {"start": "00:49:04", "end": "00:49:10", "text": "that's now. That was just now."}, {"start": "00:49:07", "end": "00:49:13", "text": "Let's see here with uh Gemini what"}, {"start": "00:49:10", "end": "00:49:13", "text": "happened."}, {"start": "00:49:13", "end": "00:49:19", "text": "Oh yo yo crypto transaction tax a"}, {"start": "00:49:15", "end": "00:49:22", "text": "proposed 0.1 cut on all crypto oh"}, {"start": "00:49:19", "end": "00:49:23", "text": "h what"}, {"start": "00:49:22", "end": "00:49:28", "text": "guys what's happening like you know we"}, {"start": "00:49:23", "end": "00:49:28", "text": "we uh yeah crazy what's happening"}, {"start": "00:49:30", "end": "00:49:37", "text": "but what is I mean if you don't okay"}, {"start": "00:49:33", "end": "00:49:37", "text": "okay okay okay"}, {"start": "00:49:39", "end": "00:49:46", "text": "interesting so to fund it multi"}, {"start": "00:49:43", "end": "00:49:50", "text": "Yeah. I mean, there we go, guys. 0.1% on"}, {"start": "00:49:46", "end": "00:49:50", "text": "all. Okay. Okay. Okay. Crypto."}, {"start": "00:49:55", "end": "00:49:59", "text": "Yeah. And then there's some other stuff."}, {"start": "00:49:56", "end": "00:50:03", "text": "But yeah, good spot here. This is uh you"}, {"start": "00:49:59", "end": "00:50:03", "text": "spotted this in a very nice way."}, {"start": "00:50:04", "end": "00:50:10", "text": "Yeah. Got to think about your your guys."}, {"start": "00:50:08", "end": "00:50:14", "text": "This is the again"}, {"start": "00:50:10", "end": "00:50:16", "text": "with more and more plebs suffer AI"}, {"start": "00:50:14", "end": "00:50:18", "text": "coming"}, {"start": "00:50:16", "end": "00:50:19", "text": "they need to get the money somewhere"}, {"start": "00:50:18", "end": "00:50:20", "text": "they need to get the money maybe they"}, {"start": "00:50:19", "end": "00:50:24", "text": "can get something from crypto but see"}, {"start": "00:50:20", "end": "00:50:27", "text": "crypto is I think the here's where AI"}, {"start": "00:50:24", "end": "00:50:30", "text": "guys are going to struggle more I mean"}, {"start": "00:50:27", "end": "00:50:31", "text": "yes you can put all of this tax on"}, {"start": "00:50:30", "end": "00:50:33", "text": "crypto I I think it's going to be tough"}, {"start": "00:50:31", "end": "00:50:35", "text": "man why because crypto you take your"}, {"start": "00:50:33", "end": "00:50:37", "text": "crypto you you you move somewhere you"}, {"start": "00:50:35", "end": "00:50:38", "text": "move somewhere you know here you have to"}, {"start": "00:50:37", "end": "00:50:40", "text": "chase people with their cryptos, man."}, {"start": "00:50:38", "end": "00:50:43", "text": "It's hard, man. It's hard. It's hard."}, {"start": "00:50:40", "end": "00:50:44", "text": "It's hard. It's hard to chase people"}, {"start": "00:50:43", "end": "00:50:46", "text": "with their crypto. It's expens like it's"}, {"start": "00:50:44", "end": "00:50:48", "text": "it's possible, but it's hard. But"}, {"start": "00:50:46", "end": "00:50:51", "text": "especially with like Z it's it's harder."}, {"start": "00:50:48", "end": "00:50:53", "text": "I think AI AI guys are going to struggle"}, {"start": "00:50:51", "end": "00:50:57", "text": "more because they have incorporated"}, {"start": "00:50:53", "end": "00:50:59", "text": "entity. It's not easy to move. There's"}, {"start": "00:50:57", "end": "00:51:02", "text": "you know, good luck moving out your big"}, {"start": "00:50:59", "end": "00:51:03", "text": "AI startup, highly valued startup out of"}, {"start": "00:51:02", "end": "00:51:06", "text": "EU is going to be very hard or out of"}, {"start": "00:51:03", "end": "00:51:08", "text": "the US for that matter. So, so I feel"}, {"start": "00:51:06", "end": "00:51:10", "text": "that AI they have the more by the boss."}, {"start": "00:51:08", "end": "00:51:12", "text": "Okay. The the AI stuff. I think they're"}, {"start": "00:51:10", "end": "00:51:14", "text": "gonna AI guys are going to get milked"}, {"start": "00:51:12", "end": "00:51:18", "text": "more. So, capital likely is going to"}, {"start": "00:51:14", "end": "00:51:19", "text": "flow from AI into crypto. Okay. I I I"}, {"start": "00:51:18", "end": "00:51:21", "text": "think they're they're going to be easier"}, {"start": "00:51:19", "end": "00:51:25", "text": "to milk."}, {"start": "00:51:21", "end": "00:51:25", "text": "Way easier. Way easier."}, {"start": "00:51:25", "end": "00:51:28", "text": "Yeah. But good good shout. Good shout."}, {"start": "00:51:27", "end": "00:51:30", "text": "Interesting stuff. Guys, we're at 51"}, {"start": "00:51:28", "end": "00:51:32", "text": "minute. Good length. Thanks a lot for"}, {"start": "00:51:30", "end": "00:51:34", "text": "being here. Smash the like. Subscribe."}, {"start": "00:51:32", "end": "00:51:35", "text": "Check out boom.com for our way of"}, {"start": "00:51:34", "end": "00:51:36", "text": "trading. Again, if you're worried about"}, {"start": "00:51:35", "end": "00:51:38", "text": "AI, you should you're likely going to"}, {"start": "00:51:36", "end": "00:51:41", "text": "get fired. And listen, uh I mean, in my"}, {"start": "00:51:38", "end": "00:51:43", "text": "view, if they fire you because of AI, um"}, {"start": "00:51:41", "end": "00:51:45", "text": "good, good. I mean, sorry to say, but it"}, {"start": "00:51:43", "end": "00:51:47", "text": "is like that. I I I have little sympathy"}, {"start": "00:51:45", "end": "00:51:50", "text": "for this, you know, let me have a job."}, {"start": "00:51:47", "end": "00:51:51", "text": "Just learn stuff. Uh take care of the"}, {"start": "00:51:50", "end": "00:51:53", "text": "problem. You're responsible that you"}, {"start": "00:51:51", "end": "00:51:55", "text": "have skill that's needed. If you're not"}, {"start": "00:51:53", "end": "00:51:56", "text": "needed, good. Okay. If you think that"}, {"start": "00:51:55", "end": "00:51:58", "text": "they fired you wrong, some see for"}, {"start": "00:51:56", "end": "00:52:00", "text": "example, people have so many opinions."}, {"start": "00:51:58", "end": "00:52:02", "text": "Zuckerberg fired so many people, he did"}, {"start": "00:52:00", "end": "00:52:03", "text": "it wrong. Okay, prove him wrong. Go get"}, {"start": "00:52:02", "end": "00:52:05", "text": "another job. Maybe someone else will"}, {"start": "00:52:03", "end": "00:52:07", "text": "hire you, maybe not. Who the hell knows?"}, {"start": "00:52:05", "end": "00:52:09", "text": "Uh, but take your own responsibility in"}, {"start": "00:52:07", "end": "00:52:10", "text": "your own hands. If you don't take"}, {"start": "00:52:09", "end": "00:52:12", "text": "responsibility, you're going to be"}, {"start": "00:52:10", "end": "00:52:15", "text": "forever plebbe, always disappointed,"}, {"start": "00:52:12", "end": "00:52:18", "text": "unfair, unfair. Ban the word unfair from"}, {"start": "00:52:15", "end": "00:52:19", "text": "from your vocabulary. Nothing is the"}, {"start": "00:52:18", "end": "00:52:21", "text": "world is not fair, man. You have a"}, {"start": "00:52:19", "end": "00:52:22", "text": "gazelle. A freaking lion comes and"}, {"start": "00:52:21", "end": "00:52:26", "text": "freaking is the gazelle. How fair is"}, {"start": "00:52:22", "end": "00:52:28", "text": "that? You have a gazelle. La, let me"}, {"start": "00:52:26", "end": "00:52:30", "text": "drink some water in Africa. And then"}, {"start": "00:52:28", "end": "00:52:34", "text": "bam, freaking crocodile crushes your"}, {"start": "00:52:30", "end": "00:52:36", "text": "head. How is that fair, man?"}, {"start": "00:52:34", "end": "00:52:40", "text": "Learn trading. Bloom.com. Have a good"}, {"start": "00:52:36", "end": "00:52:40", "text": "day. Bye, guys. Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "If it's empty chain, obviously there's"}, {"start": "00:00:01", "end": "00:00:05", "text": "no use case. I mean, hyperlquid is"}, {"start": "00:00:03", "end": "00:00:06", "text": "relatively new chain. It's very useful"}, {"start": "00:00:05", "end": "00:00:07", "text": "because they have liquidity, they have"}, {"start": "00:00:06", "end": "00:00:09", "text": "trading, they have use case. Anyone can"}, {"start": "00:00:07", "end": "00:00:11", "text": "do their own chain in one click. There"}, {"start": "00:00:09", "end": "00:00:13", "text": "is nothing unique with the chain. People"}, {"start": "00:00:11", "end": "00:00:14", "text": "kind of say our chain is faster or"}, {"start": "00:00:13", "end": "00:00:16", "text": "cheaper. That that doesn't work anymore."}, {"start": "00:00:14", "end": "00:00:18", "text": "2020 people were saying we're better"}, {"start": "00:00:16", "end": "00:00:19", "text": "than if we're faster. They say that they"}, {"start": "00:00:18", "end": "00:00:20", "text": "are a better version of, but nowadays"}, {"start": "00:00:19", "end": "00:00:23", "text": "all chains are cheap. All chains are"}, {"start": "00:00:20", "end": "00:00:26", "text": "fast. So, you cannot do that. So what"}, {"start": "00:00:23", "end": "00:00:26", "text": "what you do out of the"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Next bull is all going to be the best"}, {"start": "00:00:02", "end": "00:00:05", "text": "performer. I mean, let's see. I don't"}, {"start": "00:00:03", "end": "00:00:07", "text": "think it's going to be as nice as in the"}, {"start": "00:00:05", "end": "00:00:08", "text": "last bull. Now, you have Zcash, you have"}, {"start": "00:00:07", "end": "00:00:10", "text": "hyperliquid. You don't want to be the"}, {"start": "00:00:08", "end": "00:00:12", "text": "old guard. For example, let's say you're"}, {"start": "00:00:10", "end": "00:00:15", "text": "Bitcoin maxi [music] in 2015 and then"}, {"start": "00:00:12", "end": "00:00:16", "text": "you see ETH being born. And ETH"}, {"start": "00:00:15", "end": "00:00:19", "text": "outperformed Bitcoin a lot a lot in"}, {"start": "00:00:16", "end": "00:00:20", "text": "2015, 16, 17. You're like, \"Man, ETH is"}, {"start": "00:00:19", "end": "00:00:22", "text": "a scam. It's a scam. Vitalik is a"}, {"start": "00:00:20", "end": "00:00:23", "text": "scammer.\" But then you become convinced"}, {"start": "00:00:22", "end": "00:00:26", "text": "that ETH maybe is not a scam. So, you"}, {"start": "00:00:23", "end": "00:00:26", "text": "buy ETH."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Things are happening fast in the crypto"}, {"start": "00:00:01", "end": "00:00:04", "text": "space, and I want to keep you guys"}, {"start": "00:00:03", "end": "00:00:06", "text": "updated. As you can see, we're now"}, {"start": "00:00:04", "end": "00:00:08", "text": "entering a bearish trend on the daily"}, {"start": "00:00:06", "end": "00:00:11", "text": "timeframe. We can still cancel this bear"}, {"start": "00:00:08", "end": "00:00:14", "text": "trend if we pump back above the flip"}, {"start": "00:00:11", "end": "00:00:16", "text": "here at around 76. But, the way it looks"}, {"start": "00:00:14", "end": "00:00:18", "text": "right now is that a new bear trend will"}, {"start": "00:00:16", "end": "00:00:20", "text": "start within the coming 3 days when this"}, {"start": "00:00:18", "end": "00:00:22", "text": "flip is fully confirmed. This is very"}, {"start": "00:00:20", "end": "00:00:24", "text": "important because we have been in a bull"}, {"start": "00:00:22", "end": "00:00:28", "text": "trend on the daily for Bitcoin basically"}, {"start": "00:00:24", "end": "00:00:28", "text": "since mid-April."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Every day there is AI layoff. This will"}, {"start": "00:00:02", "end": "00:00:07", "text": "become a big political topic in the next"}, {"start": "00:00:05", "end": "00:00:09", "text": "election. Already now with the midterms"}, {"start": "00:00:07", "end": "00:00:10", "text": "that are later this year, but then also"}, {"start": "00:00:09", "end": "00:00:13", "text": "after midterms, you have the"}, {"start": "00:00:10", "end": "00:00:15", "text": "presidential race starting more or less."}, {"start": "00:00:13", "end": "00:00:17", "text": "2027 will be all about who is the"}, {"start": "00:00:15", "end": "00:00:18", "text": "Democratic nominee, who is the"}, {"start": "00:00:17", "end": "00:00:20", "text": "Republican nominee, what's going to"}, {"start": "00:00:18", "end": "00:00:21", "text": "happen, what kind of policies they're"}, {"start": "00:00:20", "end": "00:00:24", "text": "going to have, and of course AI will be"}, {"start": "00:00:21", "end": "00:00:26", "text": "a key topic. How much should air"}, {"start": "00:00:24", "end": "00:00:26", "text": "companies pay in"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Urgent update for Bitcoin as we are"}, {"start": "00:00:02", "end": "00:00:06", "text": "going lower. We're going below the"}, {"start": "00:00:04", "end": "00:00:08", "text": "previous yearly low right here, the 74K"}, {"start": "00:00:06", "end": "00:00:10", "text": "approximately. Now we broke below it."}, {"start": "00:00:08", "end": "00:00:11", "text": "We're going to 73. Something very"}, {"start": "00:00:10", "end": "00:00:13", "text": "important to note is that this"}, {"start": "00:00:11", "end": "00:00:16", "text": "development is significant because the"}, {"start": "00:00:13", "end": "00:00:19", "text": "last yearly low was very big resistance"}, {"start": "00:00:16", "end": "00:00:22", "text": "in the last few months as you can see"}, {"start": "00:00:19", "end": "00:00:23", "text": "right here. And for now at least we are"}, {"start": "00:00:22", "end": "00:00:24", "text": "testing it. For now at least we're going"}, {"start": "00:00:23", "end": "00:00:26", "text": "lower. I mean let's see how the week"}, {"start": "00:00:24", "end": "00:00:28", "text": "closes. We're looking at the weekly"}, {"start": "00:00:26", "end": "00:00:31", "text": "chart. The week has to close. Should the"}, {"start": "00:00:28", "end": "00:00:33", "text": "week close below the 2025 low, it's a"}, {"start": "00:00:31", "end": "00:00:35", "text": "sign that we're likely going into the"}, {"start": "00:00:33", "end": "00:00:35", "text": "buy zone."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The new downtrend will start within the"}, {"start": "00:00:02", "end": "00:00:05", "text": "coming 3 days when this flip is fully"}, {"start": "00:00:04", "end": "00:00:07", "text": "confirmed. This is very important"}, {"start": "00:00:05", "end": "00:00:10", "text": "because we have been in a bull trend on"}, {"start": "00:00:07", "end": "00:00:12", "text": "the daily for Bitcoin basically since"}, {"start": "00:00:10", "end": "00:00:15", "text": "mid-April. Then we got rejected by the"}, {"start": "00:00:12", "end": "00:00:17", "text": "200-day moving average and since then"}, {"start": "00:00:15", "end": "00:00:22", "text": "we've been struggling a lot and we went"}, {"start": "00:00:17", "end": "00:00:22", "text": "from 83 now to 75."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "founder of Open Zeppelin has come out"}, {"start": "00:00:02", "end": "00:00:05", "text": "and said that he's a bit concerned,"}, {"start": "00:00:04", "end": "00:00:08", "text": "well, he's very much concerned. He said"}, {"start": "00:00:05", "end": "00:00:09", "text": "that all DeFi is unsafe. Coding agents"}, {"start": "00:00:08", "end": "00:00:11", "text": "are superhuman at finding"}, {"start": "00:00:09", "end": "00:00:13", "text": "vulnerabilities and smart contract"}, {"start": "00:00:11", "end": "00:00:15", "text": "security is asymmetric. Defenders need"}, {"start": "00:00:13", "end": "00:00:17", "text": "to fix every bug while attackers just"}, {"start": "00:00:15", "end": "00:00:19", "text": "need one exploit to steal funds. I've"}, {"start": "00:00:17", "end": "00:00:20", "text": "been privately advising friends and"}, {"start": "00:00:19", "end": "00:00:23", "text": "family to exit all DeFi positions"}, {"start": "00:00:20", "end": "00:00:26", "text": "including low-risk blue chips like Maker"}, {"start": "00:00:23", "end": "00:00:26", "text": "DAO and Compound."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "The most dangerous investor in the room"}, {"start": "00:00:01", "end": "00:00:04", "text": "is never the guy screaming about the"}, {"start": "00:00:02", "end": "00:00:06", "text": "100X options trade of the meme coin"}, {"start": "00:00:04", "end": "00:00:09", "text": "trade. It's the silent person utilizing"}, {"start": "00:00:06", "end": "00:00:10", "text": "this simple macro strategy. Social media"}, {"start": "00:00:09", "end": "00:00:12", "text": "I see they reward the loud, the erratic,"}, {"start": "00:00:10", "end": "00:00:13", "text": "the high-leverage gamblers. People like"}, {"start": "00:00:12", "end": "00:00:15", "text": "to talk about that [�__�] cuz it drives"}, {"start": "00:00:13", "end": "00:00:17", "text": "cheap cheap dopamine. It drives the"}, {"start": "00:00:15", "end": "00:00:19", "text": "views. But true market masters play a"}, {"start": "00:00:17", "end": "00:00:21", "text": "completely different psychological game."}, {"start": "00:00:19", "end": "00:00:23", "text": "They embody the [music] quiet alpha."}, {"start": "00:00:21", "end": "00:00:24", "text": "They don't day trade. They don't look at"}, {"start": "00:00:23", "end": "00:00:26", "text": "the minute-by-minute charts and they"}, {"start": "00:00:24", "end": "00:00:28", "text": "never brag about their wins. Instead,"}, {"start": "00:00:26", "end": "00:00:30", "text": "they just calmly accumulate deep"}, {"start": "00:00:28", "end": "00:00:32", "text": "structural value during maximum [music]"}, {"start": "00:00:30", "end": "00:00:33", "text": "market panic. Automate their dollar cost"}, {"start": "00:00:32", "end": "00:00:35", "text": "averaging and let asymmetric compounding"}, {"start": "00:00:33", "end": "00:00:37", "text": "do the heavy lifting. While the hype"}, {"start": "00:00:35", "end": "00:00:39", "text": "chasers blow up their accounts trying to"}, {"start": "00:00:37", "end": "00:00:42", "text": "look rich, the silent asset gatherers"}, {"start": "00:00:39", "end": "00:00:47", "text": "focus on actually staying and being"}, {"start": "00:00:42", "end": "00:00:47", "text": "rich. Cuz true financial power is quiet."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Your favorite childhood memory is almost"}, {"start": "00:00:02", "end": "00:00:05", "text": "certainly a total lie invented by your"}, {"start": "00:00:04", "end": "00:00:07", "text": "brain. I know that's hard to accept, but"}, {"start": "00:00:05", "end": "00:00:09", "text": "it's probably true. Here is how to prove"}, {"start": "00:00:07", "end": "00:00:11", "text": "it. Your brain treats financial data the"}, {"start": "00:00:09", "end": "00:00:13", "text": "exact same way through a flaw called"}, {"start": "00:00:11", "end": "00:00:15", "text": "recency bias. When the market is"}, {"start": "00:00:13", "end": "00:00:16", "text": "roaring, your brain rewrites history to"}, {"start": "00:00:15", "end": "00:00:18", "text": "make you believe that it'll never drop"}, {"start": "00:00:16", "end": "00:00:19", "text": "again. When it crashes, you forget all"}, {"start": "00:00:18", "end": "00:00:20", "text": "the long-term fundamentals and assume"}, {"start": "00:00:19", "end": "00:00:22", "text": "it's simply going to go to zero. Your"}, {"start": "00:00:20", "end": "00:00:24", "text": "biological memory is a terrible"}, {"start": "00:00:22", "end": "00:00:25", "text": "portfolio manager. To build generational"}, {"start": "00:00:24", "end": "00:00:27", "text": "wealth, you have to stop trusting"}, {"start": "00:00:25", "end": "00:00:29", "text": "yourself, your brain, [music] your gut,"}, {"start": "00:00:27", "end": "00:00:32", "text": "whatever about all these trends. Trust"}, {"start": "00:00:29", "end": "00:00:34", "text": "instead the immutable ledger of on-chain"}, {"start": "00:00:32", "end": "00:00:36", "text": "data, cold, hard historical charts, not"}, {"start": "00:00:34", "end": "00:00:39", "text": "your brain's emotional revisionism."}, {"start": "00:00:36", "end": "00:00:39", "text": "It'll [�__�] you every time."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "These Bitcoin charts reveal something"}, {"start": "00:00:02", "end": "00:00:05", "text": "shocking. And I know a lot of people"}, {"start": "00:00:03", "end": "00:00:08", "text": "been asking recently, is crypto totally"}, {"start": "00:00:05", "end": "00:00:10", "text": "screwed? Is it all over? It's been a"}, {"start": "00:00:08", "end": "00:00:12", "text": "rough few months for the markets. But"}, {"start": "00:00:10", "end": "00:00:13", "text": "these charts show at least some"}, {"start": "00:00:12", "end": "00:00:16", "text": "short-term positive momentum could come"}, {"start": "00:00:13", "end": "00:00:17", "text": "into the market, but we also risk"}, {"start": "00:00:16", "end": "00:00:19", "text": "breaking down from the channel right"}, {"start": "00:00:17", "end": "00:00:22", "text": "now, which could send crypto into utter"}, {"start": "00:00:19", "end": "00:00:23", "text": "oblivion zone once again. We got that."}, {"start": "00:00:22", "end": "00:00:24", "text": "We got stellar lumens. For some reason,"}, {"start": "00:00:23", "end": "00:00:26", "text": "we're talking about stellar lumens. I"}, {"start": "00:00:24", "end": "00:00:27", "text": "can't even believe it. It's 2026. We're"}, {"start": "00:00:26", "end": "00:00:28", "text": "talking about Stella Lumen. Yeah, here"}, {"start": "00:00:27", "end": "00:00:30", "text": "we are. hype, of course, the new"}, {"start": "00:00:28", "end": "00:00:32", "text": "paradigm of money in crypto. And we also"}, {"start": "00:00:30", "end": "00:00:34", "text": "have the Trump trade. Everything that"}, {"start": "00:00:32", "end": "00:00:36", "text": "Trump buys, he personally shills and"}, {"start": "00:00:34", "end": "00:00:37", "text": "then it goes to the moon. Crimes legal,"}, {"start": "00:00:36", "end": "00:00:39", "text": "just deal with it. Let's go ahead and"}, {"start": "00:00:37", "end": "00:00:42", "text": "get into today's video. We got a lot to"}, {"start": "00:00:39", "end": "00:00:43", "text": "cover. So, first and foremost, check"}, {"start": "00:00:42", "end": "00:00:45", "text": "this out. This is posted by the Bitcoin"}, {"start": "00:00:43", "end": "00:00:47", "text": "therapist. There are now seven times"}, {"start": "00:00:45", "end": "00:00:49", "text": "more Bitcoin shorts than longs right now"}, {"start": "00:00:47", "end": "00:00:51", "text": "with 10 to 12 billion in short"}, {"start": "00:00:49", "end": "00:00:52", "text": "liquidation leverage signal between here"}, {"start": "00:00:51", "end": "00:00:54", "text": "and $84,000."}, {"start": "00:00:52", "end": "00:00:55", "text": "Would be an absolute shame if they got"}, {"start": "00:00:54", "end": "00:00:57", "text": "liquidated and the bare market comes to"}, {"start": "00:00:55", "end": "00:01:00", "text": "an end. bare market coming to an end"}, {"start": "00:00:57", "end": "00:01:01", "text": "maybe a bit premature but regardless"}, {"start": "00:01:00", "end": "00:01:03", "text": "right now we're in a very interesting"}, {"start": "00:01:01", "end": "00:01:05", "text": "spot for BTC because we lose the channel"}, {"start": "00:01:03", "end": "00:01:06", "text": "which we're currently in the process of"}, {"start": "00:01:05", "end": "00:01:07", "text": "attempting to do we bounced at the"}, {"start": "00:01:06", "end": "00:01:09", "text": "bottom of the channel a few times we"}, {"start": "00:01:07", "end": "00:01:12", "text": "closed below the channel the"}, {"start": "00:01:09", "end": "00:01:15", "text": "confirmation that then creates an"}, {"start": "00:01:12", "end": "00:01:17", "text": "awkward situation for BTC because even"}, {"start": "00:01:15", "end": "00:01:19", "text": "though the crowd's usually wrong and we"}, {"start": "00:01:17", "end": "00:01:20", "text": "have seven times more Bitcoin shorts"}, {"start": "00:01:19", "end": "00:01:23", "text": "than there are longs right now perhaps"}, {"start": "00:01:20", "end": "00:01:24", "text": "the Bitcoin shorts win this one they get"}, {"start": "00:01:23", "end": "00:01:25", "text": "to cash out for huge amounts of money"}, {"start": "00:01:24", "end": "00:01:27", "text": "the problem is the market doesn't"}, {"start": "00:01:25", "end": "00:01:30", "text": "usually let things like that happen so"}, {"start": "00:01:27", "end": "00:01:32", "text": "easily and usually favors the contrarian"}, {"start": "00:01:30", "end": "00:01:34", "text": "trader which would say that now is a"}, {"start": "00:01:32", "end": "00:01:36", "text": "good time to be going long and that the"}, {"start": "00:01:34", "end": "00:01:39", "text": "bottom of the channel will be defended."}, {"start": "00:01:36", "end": "00:01:40", "text": "Place your bets accordingly. I suppose"}, {"start": "00:01:39", "end": "00:01:45", "text": "we have this chart here as well from"}, {"start": "00:01:40", "end": "00:01:51", "text": "Coin $1.42 billion in exit spot Bitcoin"}, {"start": "00:01:45", "end": "00:01:52", "text": "ETFs last week. Third largest outflow in"}, {"start": "00:01:51", "end": "00:01:54", "text": "history. Now they've only been around"}, {"start": "00:01:52", "end": "00:01:57", "text": "for two years. So in history maybe feels"}, {"start": "00:01:54", "end": "00:01:59", "text": "like a bit of a hyperbolic statement but"}, {"start": "00:01:57", "end": "00:02:02", "text": "regardless that's the fact third biggest"}, {"start": "00:01:59", "end": "00:02:05", "text": "outflow so far. Now perhaps that's again"}, {"start": "00:02:02", "end": "00:02:07", "text": "a contrarian signal. Huge outflows from"}, {"start": "00:02:05", "end": "00:02:09", "text": "Wall Street brought us back down to the"}, {"start": "00:02:07", "end": "00:02:11", "text": "bottom of the channel and unless they"}, {"start": "00:02:09", "end": "00:02:14", "text": "have huge outflows this week then"}, {"start": "00:02:11", "end": "00:02:17", "text": "perhaps things are going to cool off."}, {"start": "00:02:14", "end": "00:02:20", "text": "Now we peaked on Wednesday around $733"}, {"start": "00:02:17", "end": "00:02:21", "text": "million of outflows. Thursday was about"}, {"start": "00:02:20", "end": "00:02:24", "text": "300 million and then Friday was about a"}, {"start": "00:02:21", "end": "00:02:27", "text": "hundred million. So perhaps that was the"}, {"start": "00:02:24", "end": "00:02:31", "text": "crescendo of selling of the spot ETFs"}, {"start": "00:02:27", "end": "00:02:33", "text": "and things will normalize soon. The"}, {"start": "00:02:31", "end": "00:02:35", "text": "problem is that Sailor is not likely be"}, {"start": "00:02:33", "end": "00:02:37", "text": "buying Mass this week because Stretch"}, {"start": "00:02:35", "end": "00:02:39", "text": "STRC, the stock he's been using as his"}, {"start": "00:02:37", "end": "00:02:42", "text": "piggy bank to buy more BTC is currently"}, {"start": "00:02:39", "end": "00:02:44", "text": "trading at $99, not over $100, which is"}, {"start": "00:02:42", "end": "00:02:46", "text": "what is needed in order for it to keep"}, {"start": "00:02:44", "end": "00:02:48", "text": "buying Bitcoin for him. So where are the"}, {"start": "00:02:46", "end": "00:02:50", "text": "buyers at? They're not here currently."}, {"start": "00:02:48", "end": "00:02:53", "text": "They're selling their Bitcoin ETFs."}, {"start": "00:02:50", "end": "00:02:57", "text": "That's what Bitcoin right here again at"}, {"start": "00:02:53", "end": "00:02:59", "text": "the bottom of the channel."}, {"start": "00:02:57", "end": "00:03:02", "text": "Very dicey spot for BTC to be in"}, {"start": "00:02:59", "end": "00:03:06", "text": "overall. Very firm rejection here at the"}, {"start": "00:03:02", "end": "00:03:09", "text": "200day EMA. Smashed right back down. Now"}, {"start": "00:03:06", "end": "00:03:11", "text": "trading below all relevant EMAs. 20 and"}, {"start": "00:03:09", "end": "00:03:13", "text": "50 having a bearish crossover. First"}, {"start": "00:03:11", "end": "00:03:15", "text": "time in a long time. Last time it"}, {"start": "00:03:13", "end": "00:03:17", "text": "happened was well no good news for the"}, {"start": "00:03:15", "end": "00:03:18", "text": "coins. Let's put it that way. Last time"}, {"start": "00:03:17", "end": "00:03:22", "text": "it happened was right up here. Also"}, {"start": "00:03:18", "end": "00:03:25", "text": "coinciding with a breakdown of the"}, {"start": "00:03:22", "end": "00:03:28", "text": "last channel that we were in."}, {"start": "00:03:25", "end": "00:03:30", "text": "Not fantastic. MACD still trending down"}, {"start": "00:03:28", "end": "00:03:33", "text": "into the zero line. RSI coming in close"}, {"start": "00:03:30", "end": "00:03:36", "text": "to being oversold, but not quite there"}, {"start": "00:03:33", "end": "00:03:37", "text": "yet. So the contrarian bet, all the"}, {"start": "00:03:36", "end": "00:03:38", "text": "shorts are going to be wrong and that"}, {"start": "00:03:37", "end": "00:03:40", "text": "we're going to bounce around in this"}, {"start": "00:03:38", "end": "00:03:42", "text": "area that this will approximately hold"}, {"start": "00:03:40", "end": "00:03:45", "text": "as support."}, {"start": "00:03:42", "end": "00:03:48", "text": "The consensus bet right now is that the"}, {"start": "00:03:45", "end": "00:03:50", "text": "channel does not hold as support. This"}, {"start": "00:03:48", "end": "00:03:52", "text": "is just imaginary line we drew on the"}, {"start": "00:03:50", "end": "00:03:55", "text": "chart and it will be irrelevant and the"}, {"start": "00:03:52", "end": "00:03:57", "text": "price will go down. And if that ends up"}, {"start": "00:03:55", "end": "00:04:01", "text": "being the case, the channel support does"}, {"start": "00:03:57", "end": "00:04:03", "text": "not hold. The target on this is 62K"}, {"start": "00:04:01", "end": "00:04:05", "text": "because it's a $10,000 channel. We've"}, {"start": "00:04:03", "end": "00:04:08", "text": "been trading within a $10,000 price"}, {"start": "00:04:05", "end": "00:04:10", "text": "range approximately ever since February."}, {"start": "00:04:08", "end": "00:04:12", "text": "It's a long time."}, {"start": "00:04:10", "end": "00:04:14", "text": "If it breaks down, the price target is"}, {"start": "00:04:12", "end": "00:04:16", "text": "62K, which approximately lines up with"}, {"start": "00:04:14", "end": "00:04:19", "text": "the 200E simple moving average. So, you"}, {"start": "00:04:16", "end": "00:04:21", "text": "got that going for you at least"}, {"start": "00:04:19", "end": "00:04:22", "text": "something. You're a little bit of opium"}, {"start": "00:04:21", "end": "00:04:24", "text": "there. And of course, it would be an"}, {"start": "00:04:22", "end": "00:04:28", "text": "epic double bottom scenario if it"}, {"start": "00:04:24", "end": "00:04:30", "text": "bottoms out at that 62K range. This has"}, {"start": "00:04:28", "end": "00:04:35", "text": "not been confirmed yet. I think we need"}, {"start": "00:04:30", "end": "00:04:37", "text": "a decent uh daily close under this"}, {"start": "00:04:35", "end": "00:04:40", "text": "channel to say yes, it is a confirmed"}, {"start": "00:04:37", "end": "00:04:41", "text": "breakdown in the channel because we were"}, {"start": "00:04:40", "end": "00:04:44", "text": "at the same situation back here where we"}, {"start": "00:04:41", "end": "00:04:47", "text": "had these sort of little blips under but"}, {"start": "00:04:44", "end": "00:04:48", "text": "they didn't confirm. Volume is extremely"}, {"start": "00:04:47", "end": "00:04:50", "text": "low right now showing that no one's"}, {"start": "00:04:48", "end": "00:04:51", "text": "really buying or selling currently."}, {"start": "00:04:50", "end": "00:04:53", "text": "People are waiting for the market to"}, {"start": "00:04:51", "end": "00:04:55", "text": "decide what the move is going to be."}, {"start": "00:04:53", "end": "00:04:56", "text": "Will be pushed either direction. So, we"}, {"start": "00:04:55", "end": "00:04:58", "text": "want to see an acceleration of selling"}, {"start": "00:04:56", "end": "00:05:00", "text": "volume. That would then confirm that"}, {"start": "00:04:58", "end": "00:05:01", "text": "this is a confirmed breakdown. Has not"}, {"start": "00:05:00", "end": "00:05:03", "text": "happened yet. By the way, subscribe to"}, {"start": "00:05:01", "end": "00:05:04", "text": "the channel. Not subscribed yet. I see"}, {"start": "00:05:03", "end": "00:05:07", "text": "you. I see you. What are you doing?"}, {"start": "00:05:04", "end": "00:05:09", "text": "Subscribe. It's free. It's free. No,"}, {"start": "00:05:07", "end": "00:05:11", "text": "really. YouTube analytics show that most"}, {"start": "00:05:09", "end": "00:05:13", "text": "of you guys are not subscribed to the"}, {"start": "00:05:11", "end": "00:05:15", "text": "gosh darn channel. Time to change that."}, {"start": "00:05:13", "end": "00:05:18", "text": "It's free down below. Click subscribe."}, {"start": "00:05:15", "end": "00:05:20", "text": "Thank you very much. Okay, so Quinton,"}, {"start": "00:05:18", "end": "00:05:23", "text": "most disappointing Bitcoin cycle in"}, {"start": "00:05:20", "end": "00:05:26", "text": "history. It is true. This has been a"}, {"start": "00:05:23", "end": "00:05:28", "text": "terrible Bitcoin cycle. The worst ever."}, {"start": "00:05:26", "end": "00:05:29", "text": "This really has been leading to a lot of"}, {"start": "00:05:28", "end": "00:05:31", "text": "people saying Bitcoin's done forever."}, {"start": "00:05:29", "end": "00:05:33", "text": "1010 changed everything forever. How can"}, {"start": "00:05:31", "end": "00:05:36", "text": "anybody trade or invest in a market"}, {"start": "00:05:33", "end": "00:05:38", "text": "where $20 trillion gets wiped out in a"}, {"start": "00:05:36", "end": "00:05:40", "text": "few seconds? People literally zeroed out"}, {"start": "00:05:38", "end": "00:05:42", "text": "who've been in the market for years and"}, {"start": "00:05:40", "end": "00:05:44", "text": "years and years. Gone. Everything gone."}, {"start": "00:05:42", "end": "00:05:46", "text": "Meanwhile, equities just keep smashing"}, {"start": "00:05:44", "end": "00:05:49", "text": "alltime highs. Why the f would be in"}, {"start": "00:05:46", "end": "00:05:50", "text": "Bitcoin? Even if you look at okay well"}, {"start": "00:05:49", "end": "00:05:51", "text": "diminishing returns are going to be"}, {"start": "00:05:50", "end": "00:05:53", "text": "wrong because diminishing returns is"}, {"start": "00:05:51", "end": "00:05:54", "text": "also very depressing reality if you"}, {"start": "00:05:53", "end": "00:05:57", "text": "believe in the dim returns theory for"}, {"start": "00:05:54", "end": "00:05:59", "text": "Bitcoin but okay you know what we're"}, {"start": "00:05:57", "end": "00:06:02", "text": "going to get up to 300k in the next four"}, {"start": "00:05:59", "end": "00:06:04", "text": "years okay that's not bad that's not bad"}, {"start": "00:06:02", "end": "00:06:06", "text": "that's you know 400% gains or whatever"}, {"start": "00:06:04", "end": "00:06:08", "text": "from here it's cool but you could"}, {"start": "00:06:06", "end": "00:06:10", "text": "have made you could have made that money"}, {"start": "00:06:08", "end": "00:06:11", "text": "in the stock market last week well maybe"}, {"start": "00:06:10", "end": "00:06:12", "text": "not last week but last certainly last"}, {"start": "00:06:11", "end": "00:06:15", "text": "six or eight weeks you could have made"}, {"start": "00:06:12", "end": "00:06:17", "text": "that money but wait another four or five"}, {"start": "00:06:15", "end": "00:06:20", "text": "years to maybe make in Bitcoin. That's"}, {"start": "00:06:17", "end": "00:06:22", "text": "the problem is that right now the upside"}, {"start": "00:06:20", "end": "00:06:24", "text": "is becoming less clear for a lot of"}, {"start": "00:06:22", "end": "00:06:26", "text": "people, but the downside risk is very"}, {"start": "00:06:24", "end": "00:06:27", "text": "much in sight for a lot of people. And"}, {"start": "00:06:26", "end": "00:06:28", "text": "so, a lot of people are giving up and"}, {"start": "00:06:27", "end": "00:06:30", "text": "walking away, which is not fantastic if"}, {"start": "00:06:28", "end": "00:06:32", "text": "you are a long-term believer in this"}, {"start": "00:06:30", "end": "00:06:34", "text": "asset class. Bitcoin archive, Bitcoin"}, {"start": "00:06:32", "end": "00:06:36", "text": "forming an identical pattern to the"}, {"start": "00:06:34", "end": "00:06:37", "text": "biggest gold breakout in 20 years. If"}, {"start": "00:06:36", "end": "00:06:39", "text": "Bitcoin breaks up in a similar fashion,"}, {"start": "00:06:37", "end": "00:06:41", "text": "we can see 300K plus by the end of next"}, {"start": "00:06:39", "end": "00:06:42", "text": "year. Now, if we get to 300K by the end"}, {"start": "00:06:41", "end": "00:06:45", "text": "of next year, it's worth it. All this"}, {"start": "00:06:42", "end": "00:06:48", "text": " was worth it. anything much"}, {"start": "00:06:45", "end": "00:06:48", "text": "less than that."}, {"start": "00:06:48", "end": "00:06:54", "text": "What are we doing here, man? What are we"}, {"start": "00:06:51", "end": "00:06:56", "text": "doing? What are we doing, guys? Anyway,"}, {"start": "00:06:54", "end": "00:06:57", "text": "continuing. Michael Sailor Bitcoin"}, {"start": "00:06:56", "end": "00:06:59", "text": "become the world's largest asset within"}, {"start": "00:06:57", "end": "00:07:00", "text": "the next 48 months. He knows something."}, {"start": "00:06:59", "end": "00:07:02", "text": "Well, Sailor's also engineering the"}, {"start": "00:07:00", "end": "00:07:04", "text": "million-dollar Bitcoin. As long as the"}, {"start": "00:07:02", "end": "00:07:06", "text": "market will keep letting him do it, he"}, {"start": "00:07:04", "end": "00:07:08", "text": "will keep trying to make Bitcoin go to a"}, {"start": "00:07:06", "end": "00:07:10", "text": "million dollars. We got that going for"}, {"start": "00:07:08", "end": "00:07:12", "text": "us, guys. Sailor still bid in the book"}, {"start": "00:07:10", "end": "00:07:14", "text": "whenever STRC is above a hundred bucks."}, {"start": "00:07:12", "end": "00:07:16", "text": "There you go."}, {"start": "00:07:14", "end": "00:07:17", "text": "Uh, Bitcoin Teddy posting this chart"}, {"start": "00:07:16", "end": "00:07:19", "text": "from the guys over at Global Macro"}, {"start": "00:07:17", "end": "00:07:21", "text": "Investor says, \"Last time, uh, Bitcoin"}, {"start": "00:07:19", "end": "00:07:23", "text": "hit RSI, this low Bitcoin, what's very"}, {"start": "00:07:21", "end": "00:07:25", "text": "interesting, by the way, is that this I"}, {"start": "00:07:23", "end": "00:07:28", "text": "remember um, Ral Pal or somebody from"}, {"start": "00:07:25", "end": "00:07:31", "text": "his team posting this a while ago when"}, {"start": "00:07:28", "end": "00:07:34", "text": "we first came back down here and here we"}, {"start": "00:07:31", "end": "00:07:37", "text": "are following the path almost exactly"}, {"start": "00:07:34", "end": "00:07:40", "text": "almost exactly."}, {"start": "00:07:37", "end": "00:07:42", "text": "Will it play out again?\" Well, we're"}, {"start": "00:07:40", "end": "00:07:45", "text": "going to find out, aren't we? Bitcoin"}, {"start": "00:07:42", "end": "00:07:48", "text": "trades uh currently in red but still not"}, {"start": "00:07:45", "end": "00:07:50", "text": "stopped out. Uh I could see us easily"}, {"start": "00:07:48", "end": "00:07:51", "text": "getting stopped out on this trade and"}, {"start": "00:07:50", "end": "00:07:52", "text": "then market reversing because that's"}, {"start": "00:07:51", "end": "00:07:54", "text": "market just likes to punish us, doesn't"}, {"start": "00:07:52", "end": "00:07:58", "text": "it? Anyway, Ethereum trade slightly in"}, {"start": "00:07:54", "end": "00:07:58", "text": "the red. Hood trade, Robin Hood trade."}, {"start": "00:07:58", "end": "00:08:01", "text": "Can't remember if I shared this with you"}, {"start": "00:07:58", "end": "00:08:02", "text": "guys on Friday or not or if this was on"}, {"start": "00:08:01", "end": "00:08:05", "text": "um only shared in the inner circle."}, {"start": "00:08:02", "end": "00:08:07", "text": "Anyway, the Robin Hood trade still open."}, {"start": "00:08:05", "end": "00:08:08", "text": "Uh I've moved a stop loss up to 90"}, {"start": "00:08:07", "end": "00:08:10", "text": "bucks. So worst case scenario now is"}, {"start": "00:08:08", "end": "00:08:11", "text": "make like 800 bucks on this trade and"}, {"start": "00:08:10", "end": "00:08:14", "text": "that's absolutely fine and cool and"}, {"start": "00:08:11", "end": "00:08:15", "text": "normal. It'll make up for the losses"}, {"start": "00:08:14", "end": "00:08:19", "text": "getting stopped out on these ones if"}, {"start": "00:08:15", "end": "00:08:20", "text": "that happens. Cool. Anyway, stocks the"}, {"start": "00:08:19", "end": "00:08:23", "text": "better thing to trade. That's just"}, {"start": "00:08:20", "end": "00:08:24", "text": "simple reality, isn't it? Gosh darn it."}, {"start": "00:08:23", "end": "00:08:25", "text": "Hey, by the way, if you want to join"}, {"start": "00:08:24", "end": "00:08:27", "text": "trading over on Bit Unix, there is a"}, {"start": "00:08:25", "end": "00:08:28", "text": "link down below right here. Anyone"}, {"start": "00:08:27", "end": "00:08:30", "text": "anywhere that's you can sign up trade"}, {"start": "00:08:28", "end": "00:08:32", "text": "over on Bit Unix and you'll get all"}, {"start": "00:08:30", "end": "00:08:33", "text": "kinds of insane bonuses. So, of course,"}, {"start": "00:08:32", "end": "00:08:34", "text": "we're giving away a,000 bucks right now"}, {"start": "00:08:33", "end": "00:08:36", "text": "as we're doing every day. Monday to"}, {"start": "00:08:34", "end": "00:08:38", "text": "Friday, we're giving away $1,000, man."}, {"start": "00:08:36", "end": "00:08:41", "text": "thousand bucks. You can be one of those"}, {"start": "00:08:38", "end": "00:08:42", "text": "sexy people winning that money. But all"}, {"start": "00:08:41", "end": "00:08:44", "text": "you have to do, click the link down"}, {"start": "00:08:42", "end": "00:08:45", "text": "below, get signed up with Bit Unix, make"}, {"start": "00:08:44", "end": "00:08:47", "text": "a deposit, make a trade. You're in to"}, {"start": "00:08:45", "end": "00:08:49", "text": "win. Okay? You can start being one of"}, {"start": "00:08:47", "end": "00:08:51", "text": "these people who win that thousand bucks"}, {"start": "00:08:49", "end": "00:08:52", "text": "every day, Monday to Friday, which I'm"}, {"start": "00:08:51", "end": "00:08:54", "text": "giving away in just a second. Plus, when"}, {"start": "00:08:52", "end": "00:08:57", "text": "you sign up for Bit Unix, you'll also"}, {"start": "00:08:54", "end": "00:08:58", "text": "get exclusive inner circle bonuses. The"}, {"start": "00:08:57", "end": "00:08:59", "text": "inner circle is our private investor"}, {"start": "00:08:58", "end": "00:09:00", "text": "community. It's where we share tech"}, {"start": "00:08:59", "end": "00:09:02", "text": "stock reports, things like Micron Tech,"}, {"start": "00:09:00", "end": "00:09:03", "text": "Fort went over 300% plus. We share"}, {"start": "00:09:02", "end": "00:09:05", "text": "regular long and short positions on"}, {"start": "00:09:03", "end": "00:09:07", "text": "crypto, metals, stocks, and much much"}, {"start": "00:09:05", "end": "00:09:10", "text": "more with AI tools and insane community."}, {"start": "00:09:07", "end": "00:09:12", "text": "You'll get 80 bucks a month rebate. So,"}, {"start": "00:09:10", "end": "00:09:14", "text": "bet you guys back 80 bucks a month in a"}, {"start": "00:09:12", "end": "00:09:15", "text": "rebate for our $50 a month membership,"}, {"start": "00:09:14", "end": "00:09:16", "text": "which is absolutely insane. Plus, we get"}, {"start": "00:09:15", "end": "00:09:18", "text": "a 7-day free trial. There's link down"}, {"start": "00:09:16", "end": "00:09:20", "text": "below. Sign up in circle, too. And we"}, {"start": "00:09:18", "end": "00:09:22", "text": "give 5,000 bucks every single week in"}, {"start": "00:09:20", "end": "00:09:25", "text": "the Discord exclusive giveaways. Even"}, {"start": "00:09:22", "end": "00:09:27", "text": "more ways to win free money. Now, let's"}, {"start": "00:09:25", "end": "00:09:30", "text": "go ahead and give away a,000 bucks for"}, {"start": "00:09:27", "end": "00:09:33", "text": "today's draw. Who is today's thousand"}, {"start": "00:09:30", "end": "00:09:34", "text": "winner gonna be? We were talking to the"}, {"start": "00:09:33", "end": "00:09:35", "text": "guys over at Unix. They're like, \"We're"}, {"start": "00:09:34", "end": "00:09:36", "text": "going to give away some money. Should we"}, {"start": "00:09:35", "end": "00:09:38", "text": "give away like a hundred bucks to 10"}, {"start": "00:09:36", "end": "00:09:41", "text": "people or 250 for?\" No, man. It's one"}, {"start": "00:09:38", "end": "00:09:43", "text": "$1,000 prize. One person wins the big"}, {"start": "00:09:41", "end": "00:09:45", "text": "bag. Thousand bucks. Let's go. Who's it"}, {"start": "00:09:43", "end": "00:09:48", "text": "going to be?"}, {"start": "00:09:45", "end": "00:09:52", "text": "Choco. Enjoy your $1,000, dude."}, {"start": "00:09:48", "end": "00:09:53", "text": "Congratulations. Okay, Stella Lumens. I"}, {"start": "00:09:52", "end": "00:09:56", "text": "cannot believe I'm talking about this"}, {"start": "00:09:53", "end": "00:09:58", "text": "damn coin again. Anyway,"}, {"start": "00:09:56", "end": "00:10:00", "text": "Stella Lummen is back in the news. DTCC,"}, {"start": "00:09:58", "end": "00:10:01", "text": "which is, you know, one of those big"}, {"start": "00:10:00", "end": "00:10:03", "text": "clearing houses does like quadrillions"}, {"start": "00:10:01", "end": "00:10:06", "text": "with the Q a year in volume. Pretty big"}, {"start": "00:10:03", "end": "00:10:07", "text": "deal. DTCC and Stellar Development"}, {"start": "00:10:06", "end": "00:10:09", "text": "Foundation announced today plans to"}, {"start": "00:10:07", "end": "00:10:10", "text": "enable tokenization of DTC custodies"}, {"start": "00:10:09", "end": "00:10:12", "text": "assets in the Stellar network. This"}, {"start": "00:10:10", "end": "00:10:14", "text": "collaboration advances DTCC's"}, {"start": "00:10:12", "end": "00:10:15", "text": "multi-chain strategy, expands how"}, {"start": "00:10:14", "end": "00:10:17", "text": "traditional assets move across digital"}, {"start": "00:10:15", "end": "00:10:18", "text": "ecosystem. DTC tokenized assets and now"}, {"start": "00:10:17", "end": "00:10:21", "text": "expected made available on Stella"}, {"start": "00:10:18", "end": "00:10:22", "text": "network in the first half of 2027. It's"}, {"start": "00:10:21", "end": "00:10:24", "text": "a long way away, man. Why the hell"}, {"start": "00:10:22", "end": "00:10:26", "text": "Stella Stella rallying right now? This"}, {"start": "00:10:24", "end": "00:10:27", "text": "is this is going to get retraced. We got"}, {"start": "00:10:26", "end": "00:10:30", "text": "more on the charts in just a second."}, {"start": "00:10:27", "end": "00:10:32", "text": "Anyway, oh boy. Sporting the evolution"}, {"start": "00:10:30", "end": "00:10:34", "text": "of a more open, interoperable, and"}, {"start": "00:10:32", "end": "00:10:37", "text": "efficient financial ecosystem. Problem"}, {"start": "00:10:34", "end": "00:10:39", "text": "is, nobody really uses Stellar. I"}, {"start": "00:10:37", "end": "00:10:41", "text": "understand why DTCC has done this"}, {"start": "00:10:39", "end": "00:10:43", "text": "partnership and why it's good for"}, {"start": "00:10:41", "end": "00:10:45", "text": "Stellar, who is like a super corporate"}, {"start": "00:10:43", "end": "00:10:48", "text": "like, you know, wear the gray suit, got"}, {"start": "00:10:45", "end": "00:10:50", "text": "the got tie on kind of organization."}, {"start": "00:10:48", "end": "00:10:51", "text": "That's the vibe of their blockchain in"}, {"start": "00:10:50", "end": "00:10:53", "text": "general. But people don't really respond"}, {"start": "00:10:51", "end": "00:10:55", "text": "to that in crypto anyway. Perhaps they"}, {"start": "00:10:53", "end": "00:10:57", "text": "will in traditional finance markets. and"}, {"start": "00:10:55", "end": "00:11:00", "text": "Stellar will be the chosen coin of the"}, {"start": "00:10:57", "end": "00:11:02", "text": "stock market tokenization. But so far,"}, {"start": "00:11:00", "end": "00:11:05", "text": "actual users in crypto almost don't use"}, {"start": "00:11:02", "end": "00:11:07", "text": "Stellar at all. Its daily user metrics"}, {"start": "00:11:05", "end": "00:11:09", "text": "are pretty paltry compared to anything"}, {"start": "00:11:07", "end": "00:11:12", "text": "happening on Ethereum or base or Salana"}, {"start": "00:11:09", "end": "00:11:15", "text": "or Hyperlid. It's almost joke levels,"}, {"start": "00:11:12", "end": "00:11:16", "text": "but perhaps that'll change. Just because"}, {"start": "00:11:15", "end": "00:11:18", "text": "that's where it is now doesn't mean"}, {"start": "00:11:16", "end": "00:11:19", "text": "that's where it's going to be in a"}, {"start": "00:11:18", "end": "00:11:22", "text": "year's time. Maybe this really makes a"}, {"start": "00:11:19", "end": "00:11:24", "text": "difference for them. Uh Mickey Bull"}, {"start": "00:11:22", "end": "00:11:25", "text": "posted this. Here's your Here's your"}, {"start": "00:11:24", "end": "00:11:28", "text": "Hopium chart. This is a monthly chart"}, {"start": "00:11:25", "end": "00:11:30", "text": "for Stellar. Crazy stuff, man. Going"}, {"start": "00:11:28", "end": "00:11:32", "text": "back so far in time. Said XL is about to"}, {"start": "00:11:30", "end": "00:11:33", "text": "experience a mega breakout in history."}, {"start": "00:11:32", "end": "00:11:34", "text": "The upcoming altcoin season will be"}, {"start": "00:11:33", "end": "00:11:37", "text": "huge. The bull target price range"}, {"start": "00:11:34", "end": "00:11:39", "text": "between 5 and $11. That's some good hope"}, {"start": "00:11:37", "end": "00:11:40", "text": "you man. Current price is 26 cents. Now,"}, {"start": "00:11:39", "end": "00:11:43", "text": "I'd like to point out this chart just"}, {"start": "00:11:40", "end": "00:11:47", "text": "goes back to 2024. It's an example."}, {"start": "00:11:43", "end": "00:11:50", "text": "Okay. every time. Stellar has Stellar"}, {"start": "00:11:47", "end": "00:11:52", "text": "does almost nothing for extremely long"}, {"start": "00:11:50", "end": "00:11:54", "text": "periods of time because what's exciting"}, {"start": "00:11:52", "end": "00:11:55", "text": "about Stellar, right? Let's be serious"}, {"start": "00:11:54", "end": "00:11:56", "text": "about that. I mean, who the needs"}, {"start": "00:11:55", "end": "00:11:57", "text": "to buy Stellar? What are you excited"}, {"start": "00:11:56", "end": "00:12:00", "text": "about for you going to trade it once in"}, {"start": "00:11:57", "end": "00:12:02", "text": "a while? Maybe, but okay. What Stellar"}, {"start": "00:12:00", "end": "00:12:04", "text": "does, it will do literally nothing."}, {"start": "00:12:02", "end": "00:12:07", "text": "trend downwards for ages and then have"}, {"start": "00:12:04", "end": "00:12:10", "text": "an insane breakout like this"}, {"start": "00:12:07", "end": "00:12:12", "text": "where it did 7x in a month or have an"}, {"start": "00:12:10", "end": "00:12:16", "text": "insane breakout like this happen in July"}, {"start": "00:12:12", "end": "00:12:18", "text": "25 where it went from 24 cents to 50"}, {"start": "00:12:16", "end": "00:12:20", "text": "cents in a month, right? Just huge huge"}, {"start": "00:12:18", "end": "00:12:22", "text": "rallies over a few days period and then"}, {"start": "00:12:20", "end": "00:12:24", "text": "it retraces the whole damn move over the"}, {"start": "00:12:22", "end": "00:12:27", "text": "next six months to a year every damn"}, {"start": "00:12:24", "end": "00:12:28", "text": "time. So again, this is a nice rally"}, {"start": "00:12:27", "end": "00:12:31", "text": "here, but I'd like you to keep in mind"}, {"start": "00:12:28", "end": "00:12:34", "text": "that"}, {"start": "00:12:31", "end": "00:12:37", "text": "there will be no integration of DTCC"}, {"start": "00:12:34", "end": "00:12:39", "text": "stocks into Stellar"}, {"start": "00:12:37", "end": "00:12:41", "text": "until a year from now. Oh, maybe it"}, {"start": "00:12:39", "end": "00:12:43", "text": "comes in January 1st, 27, six months"}, {"start": "00:12:41", "end": "00:12:45", "text": "from now, but let's say six, 12 months"}, {"start": "00:12:43", "end": "00:12:46", "text": "from now. And even then, that's going to"}, {"start": "00:12:45", "end": "00:12:48", "text": "require a lot of users to come on board"}, {"start": "00:12:46", "end": "00:12:51", "text": "to actually make that relevant for uh"}, {"start": "00:12:48", "end": "00:12:55", "text": "for Stellar Lumen's holders. Anyway,"}, {"start": "00:12:51", "end": "00:12:56", "text": "Alex Vanick, uh, CEO of uh, Nansen AI"}, {"start": "00:12:55", "end": "00:12:58", "text": "says, \"Many of us who experienced the"}, {"start": "00:12:56", "end": "00:13:00", "text": "Ethereum killers of 2018 wrote off other"}, {"start": "00:12:58", "end": "00:13:01", "text": "blockchains prematurely. We thought"}, {"start": "00:13:00", "end": "00:13:03", "text": "Ethereum would be the only game in town"}, {"start": "00:13:01", "end": "00:13:05", "text": "after EOS, Tasos, etc. failed. I held"}, {"start": "00:13:03", "end": "00:13:07", "text": "this belief until 21. Others took too"}, {"start": "00:13:05", "end": "00:13:08", "text": "long to realize they had to they had"}, {"start": "00:13:07", "end": "00:13:09", "text": "fooled themselves. Some haven't even"}, {"start": "00:13:08", "end": "00:13:11", "text": "realized it yet. Fortunately for me, I"}, {"start": "00:13:09", "end": "00:13:12", "text": "run Nansson, so I see what people do on"}, {"start": "00:13:11", "end": "00:13:14", "text": "chain. I hear it chains our users demand"}, {"start": "00:13:12", "end": "00:13:15", "text": "from us. Salana is the clearest case"}, {"start": "00:13:14", "end": "00:13:17", "text": "study. Ethereum actually should have"}, {"start": "00:13:15", "end": "00:13:20", "text": "rewritten their herder Ethereum killer"}, {"start": "00:13:17", "end": "00:13:22", "text": "thesis. Instead, Salana is ridiculed for"}, {"start": "00:13:20", "end": "00:13:23", "text": "being only meme coins. Anyone who's used"}, {"start": "00:13:22", "end": "00:13:25", "text": "Salana knows this reductionist stake."}, {"start": "00:13:23", "end": "00:13:26", "text": "Salana is here to stay. Ethereum is here"}, {"start": "00:13:25", "end": "00:13:28", "text": "to stay, but not as the only game in"}, {"start": "00:13:26", "end": "00:13:29", "text": "town. Now, we find ourselves at a point"}, {"start": "00:13:28", "end": "00:13:31", "text": "where certain people refuse to face"}, {"start": "00:13:29", "end": "00:13:33", "text": "another truth. Hyperlid is here and it's"}, {"start": "00:13:31", "end": "00:13:34", "text": "here to stay. I'm reminded that people"}, {"start": "00:13:33", "end": "00:13:36", "text": "who kept sticking their heads in the"}, {"start": "00:13:34", "end": "00:13:37", "text": "sand with Ethereum. Wake up and smell"}, {"start": "00:13:36", "end": "00:13:38", "text": "the coffee. Cling to your bags is"}, {"start": "00:13:37", "end": "00:13:40", "text": "holding you back. Use the tech. Engage"}, {"start": "00:13:38", "end": "00:13:41", "text": "with the ecosystem. Be curious. The only"}, {"start": "00:13:40", "end": "00:13:42", "text": "thing that's always true in crypto is"}, {"start": "00:13:41", "end": "00:13:45", "text": "that nothing ever stays the same."}, {"start": "00:13:42", "end": "00:13:47", "text": "Maximalism is intellectual laziness."}, {"start": "00:13:45", "end": "00:13:50", "text": "Yes, it is. I agree. Ethereum, Salana,"}, {"start": "00:13:47", "end": "00:13:51", "text": "Hyperliquid, all here to stay. Every ass"}, {"start": "00:13:50", "end": "00:13:53", "text": "will be tokenized. Billions of people"}, {"start": "00:13:51", "end": "00:13:54", "text": "will be owners. Hyperlid could be the"}, {"start": "00:13:53", "end": "00:13:56", "text": "major beneficiary of that. Currently at"}, {"start": "00:13:54", "end": "00:13:58", "text": "$72. This thing has been going"}, {"start": "00:13:56", "end": "00:14:01", "text": "absolutely bonkers. Crazy nuts. Huge,"}, {"start": "00:13:58", "end": "00:14:04", "text": "huge rally here."}, {"start": "00:14:01", "end": "00:14:07", "text": "Just really huge ETF inflows."}, {"start": "00:14:04", "end": "00:14:11", "text": "Daily onchain buybacks. Hyperlid baby."}, {"start": "00:14:07", "end": "00:14:12", "text": "This thing's going absolutely nuts."}, {"start": "00:14:11", "end": "00:14:15", "text": "Clear sky territory. Now, there will be"}, {"start": "00:14:12", "end": "00:14:18", "text": "a decent retrace at some point. Maybe"}, {"start": "00:14:15", "end": "00:14:20", "text": "six, maybe back to the mid60 range,"}, {"start": "00:14:18", "end": "00:14:23", "text": "maybe back to the sort of $50 range."}, {"start": "00:14:20", "end": "00:14:24", "text": "We'll find out. We will find out, guys."}, {"start": "00:14:23", "end": "00:14:25", "text": "But there will be retrace on us at some"}, {"start": "00:14:24", "end": "00:14:28", "text": "point. So, you don't necessarily need to"}, {"start": "00:14:25", "end": "00:14:30", "text": "go try to chase the chase the the highs"}, {"start": "00:14:28", "end": "00:14:31", "text": "right now. There's usually pullbacks,"}, {"start": "00:14:30", "end": "00:14:32", "text": "especially after so much euphoria and"}, {"start": "00:14:31", "end": "00:14:35", "text": "excitement comes in, but then the"}, {"start": "00:14:32", "end": "00:14:37", "text": "tokconomics are insane. As long as ETFs"}, {"start": "00:14:35", "end": "00:14:40", "text": "keep buying, as long as onchain buybacks"}, {"start": "00:14:37", "end": "00:14:42", "text": "keep being big, ah, it's hard to fade."}, {"start": "00:14:40", "end": "00:14:47", "text": "Eyeshares expanded tech software ETF,"}, {"start": "00:14:42", "end": "00:14:49", "text": "the IGF. Now, this is pumping pumping"}, {"start": "00:14:47", "end": "00:14:51", "text": "currently in pre-markets. So, good news"}, {"start": "00:14:49", "end": "00:14:52", "text": "for software holders is that you're no"}, {"start": "00:14:51", "end": "00:14:55", "text": "longer correlated to the cursed asset"}, {"start": "00:14:52", "end": "00:14:57", "text": "known as Bitcoin. Bad news for Bitcoin"}, {"start": "00:14:55", "end": "00:15:01", "text": "holders, while you were once totally"}, {"start": "00:14:57", "end": "00:15:02", "text": "correlated with software ETF stocks,"}, {"start": "00:15:01", "end": "00:15:07", "text": "you're now correlated with nothing"}, {"start": "00:15:02", "end": "00:15:09", "text": "except the word down. Good times."}, {"start": "00:15:07", "end": "00:15:10", "text": "Software is back, baby. Apparently,"}, {"start": "00:15:09", "end": "00:15:13", "text": "anthropic is not going to end the world"}, {"start": "00:15:10", "end": "00:15:15", "text": "literally. President Trump undefeated in"}, {"start": "00:15:13", "end": "00:15:17", "text": "stock markets made many generational"}, {"start": "00:15:15", "end": "00:15:19", "text": "callouts senses Intel, Dell, Service"}, {"start": "00:15:17", "end": "00:15:20", "text": "Now. These are the next five stocks"}, {"start": "00:15:19", "end": "00:15:25", "text": "according to President Trump, Palunteer,"}, {"start": "00:15:20", "end": "00:15:26", "text": "IBM, US, MP, and Oracle. If you missed"}, {"start": "00:15:25", "end": "00:15:28", "text": "the last run of gains, pay close"}, {"start": "00:15:26", "end": "00:15:30", "text": "attention. Donald Trump's the world's"}, {"start": "00:15:28", "end": "00:15:32", "text": "biggest financial influencer. He buys"}, {"start": "00:15:30", "end": "00:15:33", "text": "these stocks or has the American"}, {"start": "00:15:32", "end": "00:15:35", "text": "government buy these stocks and then"}, {"start": "00:15:33", "end": "00:15:37", "text": "bull posts about them relentlessly."}, {"start": "00:15:35", "end": "00:15:39", "text": "Crime is legal, guys. Just understand"}, {"start": "00:15:37", "end": "00:15:40", "text": "that. Palant here right now opening at"}, {"start": "00:15:39", "end": "00:15:43", "text": "162 which is of course critical"}, {"start": "00:15:40", "end": "00:15:45", "text": "resistance from back here and here. Now"}, {"start": "00:15:43", "end": "00:15:46", "text": "I've drawn two lines here. One is sort"}, {"start": "00:15:45", "end": "00:15:47", "text": "of the shorter term downtrend which"}, {"start": "00:15:46", "end": "00:15:49", "text": "let's say it broke out of but it's not"}, {"start": "00:15:47", "end": "00:15:51", "text": "the perfect downtrend line. This one is"}, {"start": "00:15:49", "end": "00:15:54", "text": "actually the more relevant from the high"}, {"start": "00:15:51", "end": "00:15:56", "text": "to the next peak. So the real breakout"}, {"start": "00:15:54", "end": "00:15:58", "text": "interestingly enough comes around $173"}, {"start": "00:15:56", "end": "00:16:00", "text": "for Palunteer at which point it probably"}, {"start": "00:15:58", "end": "00:16:03", "text": "runs up to some let's say big moves"}, {"start": "00:16:00", "end": "00:16:05", "text": "potentially. Currently ripping ever"}, {"start": "00:16:03", "end": "00:16:07", "text": "since uh Donald Trump basically said go"}, {"start": "00:16:05", "end": "00:16:10", "text": "buy Palunteer. It's gone from 132 to"}, {"start": "00:16:07", "end": "00:16:11", "text": "162. Lesson of the story here, don't"}, {"start": "00:16:10", "end": "00:16:12", "text": "trade. Don't uh fade Donald Trump when"}, {"start": "00:16:11", "end": "00:16:15", "text": "he tells you to buy something. Just go"}, {"start": "00:16:12", "end": "00:16:18", "text": " buy it cuz he's got to pump the"}, {"start": "00:16:15", "end": "00:16:20", "text": " out of it every time. Oh boy. US"}, {"start": "00:16:18", "end": "00:16:21", "text": "rare earth. Rare earth, of course,"}, {"start": "00:16:20", "end": "00:16:23", "text": "absolutely critical component for making"}, {"start": "00:16:21", "end": "00:16:26", "text": "everything in your AI fantasy come true."}, {"start": "00:16:23", "end": "00:16:27", "text": "Well, here we are attempting a breakout"}, {"start": "00:16:26", "end": "00:16:29", "text": "here. Now, the pre-markets are showing"}, {"start": "00:16:27", "end": "00:16:30", "text": "it opening basically right around this"}, {"start": "00:16:29", "end": "00:16:32", "text": "orange line. When it breaks out of that"}, {"start": "00:16:30", "end": "00:16:34", "text": "orange line, we could see a decent run"}, {"start": "00:16:32", "end": "00:16:36", "text": "in my opinion. We draw another line on"}, {"start": "00:16:34", "end": "00:16:39", "text": "the chart right here."}, {"start": "00:16:36", "end": "00:16:41", "text": "You could see this actually more in the"}, {"start": "00:16:39", "end": "00:16:43", "text": "context of a nice ascending triangle"}, {"start": "00:16:41", "end": "00:16:45", "text": "here with a pretty big breakout target."}, {"start": "00:16:43", "end": "00:16:49", "text": "It's another $14, let's say. So 28 to"}, {"start": "00:16:45", "end": "00:16:52", "text": "14. So be around um"}, {"start": "00:16:49", "end": "00:16:54", "text": "$42 approximately. So not too bad. That"}, {"start": "00:16:52", "end": "00:16:57", "text": "of course gets us back to previous"}, {"start": "00:16:54", "end": "00:16:58", "text": "all-time high territory. Not saying"}, {"start": "00:16:57", "end": "00:16:59", "text": "that's what's going to happen. You got"}, {"start": "00:16:58", "end": "00:17:01", "text": "to watch for the actual breakout to"}, {"start": "00:16:59", "end": "00:17:02", "text": "come. But you know, Trump's invested."}, {"start": "00:17:01", "end": "00:17:04", "text": "Trump's also invested in Marathon. My"}, {"start": "00:17:02", "end": "00:17:05", "text": "marathon bag still have hope. Now it's a"}, {"start": "00:17:04", "end": "00:17:08", "text": "very small position. I think Trump owns"}, {"start": "00:17:05", "end": "00:17:09", "text": "like 50,000 of this. I say Trump, it's"}, {"start": "00:17:08", "end": "00:17:11", "text": "technically his kids running his trust,"}, {"start": "00:17:09", "end": "00:17:13", "text": "but like if you think he's not calling"}, {"start": "00:17:11", "end": "00:17:15", "text": "up his Eric can be like, \"Yo, Eric, what"}, {"start": "00:17:13", "end": "00:17:18", "text": "do I got pumped today?\" You're"}, {"start": "00:17:15", "end": "00:17:20", "text": "delusional. Obviously."}, {"start": "00:17:18", "end": "00:17:24", "text": "Obviously, this is all going on in the"}, {"start": "00:17:20", "end": "00:17:26", "text": "background. Uh anyway, besides point,"}, {"start": "00:17:24", "end": "00:17:29", "text": "Marathon still an uptrend, still holding"}, {"start": "00:17:26", "end": "00:17:31", "text": "relatively nicely, still bouncing off"}, {"start": "00:17:29", "end": "00:17:33", "text": "that 20-day EMA. So, if we pull back"}, {"start": "00:17:31", "end": "00:17:36", "text": "here to 13 bucks, it's fine as long as"}, {"start": "00:17:33", "end": "00:17:38", "text": "it keeps holding up that 20-day EMA. AMD"}, {"start": "00:17:36", "end": "00:17:40", "text": "finally starting to see a little bit of"}, {"start": "00:17:38", "end": "00:17:43", "text": "a price pullback after this absolutely"}, {"start": "00:17:40", "end": "00:17:46", "text": "insane run. Currently trading at 494."}, {"start": "00:17:43", "end": "00:17:47", "text": "20-day EMAs back here at 434. That would"}, {"start": "00:17:46", "end": "00:17:49", "text": "be the most logical place to watch for"}, {"start": "00:17:47", "end": "00:17:53", "text": "on a pullback. Anything more extreme, we"}, {"start": "00:17:49", "end": "00:17:57", "text": "see back at the 50-day here around 364."}, {"start": "00:17:53", "end": "00:17:59", "text": "Now, despite what Bitcoin is currently"}, {"start": "00:17:57", "end": "00:18:01", "text": "doing, the NASDAQ's not opening out"}, {"start": "00:17:59", "end": "00:18:02", "text": "exactly. This is the implied open, by"}, {"start": "00:18:01", "end": "00:18:03", "text": "the way. It doesn't open for a few more"}, {"start": "00:18:02", "end": "00:18:05", "text": "hours, but the implied open is not"}, {"start": "00:18:03", "end": "00:18:07", "text": "exactly at a new all-time high, but it's"}, {"start": "00:18:05", "end": "00:18:09", "text": "up. So, it's about a dollar or two away"}, {"start": "00:18:07", "end": "00:18:11", "text": "from Friday's all-time high. So, stocks"}, {"start": "00:18:09", "end": "00:18:12", "text": "just keep going effing up, don't they?"}, {"start": "00:18:11", "end": "00:18:14", "text": "Look at this. Look at this. I know what"}, {"start": "00:18:12", "end": "00:18:18", "text": "you're thinking. As Bitcoin holder, any"}, {"start": "00:18:14", "end": "00:18:20", "text": "time at any time in the last 18 months,"}, {"start": "00:18:18", "end": "00:18:23", "text": "you could have sold and bought stocks"}, {"start": "00:18:20", "end": "00:18:24", "text": "and bet up so much more on your money."}, {"start": "00:18:23", "end": "00:18:26", "text": "One day, Bitcoin's vision will come"}, {"start": "00:18:24", "end": "00:18:28", "text": "true. That day is not today. Today is"}, {"start": "00:18:26", "end": "00:18:31", "text": "the stocks market. That's where the"}, {"start": "00:18:28", "end": "00:18:34", "text": "money's being made, guys."}, {"start": "00:18:31", "end": "00:18:36", "text": "Don't let your ideological"}, {"start": "00:18:34", "end": "00:18:37", "text": "leanings towards Bitcoin make you miss"}, {"start": "00:18:36", "end": "00:18:41", "text": "out on making money. Anyway, there you"}, {"start": "00:18:37", "end": "00:18:41", "text": "go. Thanks for watching. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Highly intelligent people,"}, {"start": "00:00:02", "end": "00:00:06", "text": "you, maybe, are almost always miserable"}, {"start": "00:00:04", "end": "00:00:08", "text": "in relationships for this one specific"}, {"start": "00:00:06", "end": "00:00:10", "text": "reason. And that exact same rule applies"}, {"start": "00:00:08", "end": "00:00:11", "text": "to the financial markets as well, so you"}, {"start": "00:00:10", "end": "00:00:12", "text": "better listen the [�__�] up."}, {"start": "00:00:11", "end": "00:00:14", "text": "Hyper-intellectual people struggle to"}, {"start": "00:00:12", "end": "00:00:16", "text": "buy into generational bull runs, like"}, {"start": "00:00:14", "end": "00:00:18", "text": "early Bitcoin or the massive AI tech"}, {"start": "00:00:16", "end": "00:00:20", "text": "boom, but why? Well, because they're"}, {"start": "00:00:18", "end": "00:00:23", "text": "psychologically addicted to complexity."}, {"start": "00:00:20", "end": "00:00:25", "text": "They look for flaws, over-engineer"}, {"start": "00:00:23", "end": "00:00:27", "text": "risks, and mock the dumb money buying"}, {"start": "00:00:25", "end": "00:00:29", "text": "the hype. Meanwhile, simple disciplined"}, {"start": "00:00:27", "end": "00:00:30", "text": "investors just buy, hold, and get rich"}, {"start": "00:00:29", "end": "00:00:32", "text": "as [�__�] Don't let your intellectual"}, {"start": "00:00:30", "end": "00:00:34", "text": "arrogance keep you poor. Sometimes, the"}, {"start": "00:00:32", "end": "00:00:36", "text": "most profitable thesis is the simplest"}, {"start": "00:00:34", "end": "00:00:40", "text": "one. Follow liquidity, ignore the noise,"}, {"start": "00:00:36", "end": "00:00:40", "text": "ride the [�__�] wave."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "What if I told you that the stock market"}, {"start": "00:00:01", "end": "00:00:05", "text": "has been running the exact same playbook"}, {"start": "00:00:03", "end": "00:00:07", "text": "over and over again for the last 100"}, {"start": "00:00:05", "end": "00:00:09", "text": "years? Same cycle, same length, same"}, {"start": "00:00:07", "end": "00:00:12", "text": "blowoff top, same crash, same recovery."}, {"start": "00:00:09", "end": "00:00:13", "text": "And right now, right now, we are sitting"}, {"start": "00:00:12", "end": "00:00:15", "text": "in the most dangerous and also the most"}, {"start": "00:00:13", "end": "00:00:17", "text": "exciting phase of that 100-year loop."}, {"start": "00:00:15", "end": "00:00:18", "text": "So, I'm going to show you a chart that"}, {"start": "00:00:17", "end": "00:00:22", "text": "will genuinely change how you see the"}, {"start": "00:00:18", "end": "00:00:24", "text": "market forever. where we are, when to"}, {"start": "00:00:22", "end": "00:00:26", "text": "sell everything, and when to back up the"}, {"start": "00:00:24", "end": "00:00:28", "text": "truck and reby everything. And why?"}, {"start": "00:00:26", "end": "00:00:30", "text": "Spoiler alert, this AI bubble is going"}, {"start": "00:00:28", "end": "00:00:32", "text": "to end the exact same way that every"}, {"start": "00:00:30", "end": "00:00:34", "text": "other bubble in history has ended. They"}, {"start": "00:00:32", "end": "00:00:35", "text": "will tell you this time is different."}, {"start": "00:00:34", "end": "00:00:36", "text": "They will tell you, \"Well, because of"}, {"start": "00:00:35", "end": "00:00:39", "text": "AI, because human robots, everything's"}, {"start": "00:00:36", "end": "00:00:41", "text": "going to change this time. Bubbles are"}, {"start": "00:00:39", "end": "00:00:42", "text": "now mathematically impossible.\" Have you"}, {"start": "00:00:41", "end": "00:00:44", "text": "heard this talk before? Because it's"}, {"start": "00:00:42", "end": "00:00:45", "text": "pretty dangerous talk. Stay with me"}, {"start": "00:00:44", "end": "00:00:48", "text": "because this one is worth your full"}, {"start": "00:00:45", "end": "00:00:49", "text": "attention. So, there's this chart right"}, {"start": "00:00:48", "end": "00:00:53", "text": "now making the rounds. It's called the"}, {"start": "00:00:49", "end": "00:00:56", "text": "S&P 500 100year blueprint. Now, shout"}, {"start": "00:00:53", "end": "00:00:58", "text": "out to at@ tradingshot over on X. Go"}, {"start": "00:00:56", "end": "00:00:59", "text": "follow him. He made this chart. Maybe"}, {"start": "00:00:58", "end": "00:01:01", "text": "someone else has shared it before, but"}, {"start": "00:00:59", "end": "00:01:03", "text": "this is where I saw it first. Now,"}, {"start": "00:01:01", "end": "00:01:05", "text": "CryptoCon also cooked up a pretty"}, {"start": "00:01:03", "end": "00:01:07", "text": "similar chart idea last year with pretty"}, {"start": "00:01:05", "end": "00:01:09", "text": "similar results, pretty similar timings,"}, {"start": "00:01:07", "end": "00:01:12", "text": "but his was a bit more bearish without"}, {"start": "00:01:09", "end": "00:01:14", "text": "such a high top coming in. And look, I"}, {"start": "00:01:12", "end": "00:01:16", "text": "don't throw around the words like"}, {"start": "00:01:14", "end": "00:01:18", "text": "blueprint lightly, but when you look at"}, {"start": "00:01:16", "end": "00:01:22", "text": "this chart, it's kind of insane. So,"}, {"start": "00:01:18", "end": "00:01:24", "text": "pull it up. Take a look at it. From 1930"}, {"start": "00:01:22", "end": "00:01:26", "text": "through until today, the S&P 500 has"}, {"start": "00:01:24", "end": "00:01:29", "text": "gone through three massive bare cycles"}, {"start": "00:01:26", "end": "00:01:32", "text": "and three massive bull cycles, lasting"}, {"start": "00:01:29", "end": "00:01:34", "text": "25 years for the bull cycles and about 9"}, {"start": "00:01:32", "end": "00:01:36", "text": "to 10 years for the bear cycles. They're"}, {"start": "00:01:34", "end": "00:01:39", "text": "almost identical in structure, same"}, {"start": "00:01:36", "end": "00:01:41", "text": "percentage gains, same number of days,"}, {"start": "00:01:39", "end": "00:01:44", "text": "same shape, like the market is running"}, {"start": "00:01:41", "end": "00:01:46", "text": "in some kind of cosmic clock that nobody"}, {"start": "00:01:44", "end": "00:01:48", "text": "told you about. And this is just like"}, {"start": "00:01:46", "end": "00:01:50", "text": "Bitcoin four-year cycle magically"}, {"start": "00:01:48", "end": "00:01:51", "text": "somehow keeps happening. Well, it keeps"}, {"start": "00:01:50", "end": "00:01:52", "text": "happening for stocks and the"}, {"start": "00:01:51", "end": "00:01:54", "text": "implications for your crypto bags, your"}, {"start": "00:01:52", "end": "00:01:56", "text": "stock bags, everything you're invested"}, {"start": "00:01:54", "end": "00:01:58", "text": "in, the implications are incredibly"}, {"start": "00:01:56", "end": "00:02:00", "text": "serious. So, let me walk you through it"}, {"start": "00:01:58", "end": "00:02:04", "text": "real quick because once you see this,"}, {"start": "00:02:00", "end": "00:02:07", "text": "you can't unsee it. Bare cycle one, 1929"}, {"start": "00:02:04", "end": "00:02:10", "text": "to 1942, the Great Depression. Good"}, {"start": "00:02:07", "end": "00:02:11", "text": "times. 12 years of pure hell for"}, {"start": "00:02:10", "end": "00:02:13", "text": "everybody. Market gets absolutely"}, {"start": "00:02:11", "end": "00:02:15", "text": "obliterated. Everyone's broke. Nobody"}, {"start": "00:02:13", "end": "00:02:17", "text": "wants to touch stocks. We had the"}, {"start": "00:02:15", "end": "00:02:19", "text": "massive blowoff swap in stocks in the"}, {"start": "00:02:17", "end": "00:02:22", "text": "late 1920s. My grandma got so"}, {"start": "00:02:19", "end": "00:02:24", "text": "psychologically scarred for life."}, {"start": "00:02:22", "end": "00:02:28", "text": "Totally messed her up. True story. Then"}, {"start": "00:02:24", "end": "00:02:31", "text": "what happens? Old cycle 1, 1942 to 1966."}, {"start": "00:02:28", "end": "00:02:35", "text": "The modern electronics boom 24 years."}, {"start": "00:02:31", "end": "00:02:39", "text": "The market went up an insane 2536%."}, {"start": "00:02:35", "end": "00:02:42", "text": "That's not a typo. 2536%."}, {"start": "00:02:39", "end": "00:02:44", "text": "The world rebuilds. Industry explodes."}, {"start": "00:02:42", "end": "00:02:45", "text": "Stocks course go with it. Then of course"}, {"start": "00:02:44", "end": "00:02:47", "text": "you subscribe to the channel because"}, {"start": "00:02:45", "end": "00:02:48", "text": "it's free and you probably aren't subbed"}, {"start": "00:02:47", "end": "00:02:49", "text": "yet. If you're not subbed, it's free"}, {"start": "00:02:48", "end": "00:02:54", "text": "right down here. Don't miss any videos."}, {"start": "00:02:49", "end": "00:02:59", "text": "Okay, thanks. Now, so bare cycle 2, 1966"}, {"start": "00:02:54", "end": "00:03:03", "text": "to 1974, stagflation, Vietnam, massive"}, {"start": "00:02:59", "end": "00:03:07", "text": "oil shocks, Nixon, it's ugly, man. Cycle"}, {"start": "00:03:03", "end": "00:03:09", "text": "2, 1974 to 2000, the PC boom, then we"}, {"start": "00:03:07", "end": "00:03:13", "text": "get the internet boom, 25 years of"}, {"start": "00:03:09", "end": "00:03:15", "text": "massive gains. The market goes up 2,664%"}, {"start": "00:03:13", "end": "00:03:18", "text": "almost identical to the first bull"}, {"start": "00:03:15", "end": "00:03:20", "text": "cycle. The world goes through digital"}, {"start": "00:03:18", "end": "00:03:23", "text": "wealth explodes and then of course bear"}, {"start": "00:03:20", "end": "00:03:27", "text": "cycle 3 comes 2000 to 2009"}, {"start": "00:03:23", "end": "00:03:30", "text": "crash, 9/11, the housing crisis, the"}, {"start": "00:03:27", "end": "00:03:33", "text": "financial meltdown, the whole thing."}, {"start": "00:03:30", "end": "00:03:34", "text": "Another absolute gut punch to markets."}, {"start": "00:03:33", "end": "00:03:37", "text": "And then we get the one that we're in"}, {"start": "00:03:34", "end": "00:03:40", "text": "right now. Bull cycle number three, 2009"}, {"start": "00:03:37", "end": "00:03:43", "text": "to approximately 2034. Smartphones,"}, {"start": "00:03:40", "end": "00:03:45", "text": "e-commerce, crypto, the internet, AI,"}, {"start": "00:03:43", "end": "00:03:48", "text": "humanoid robots, and the AI boom is"}, {"start": "00:03:45", "end": "00:03:51", "text": "going to be the blowoff top part of this"}, {"start": "00:03:48", "end": "00:03:52", "text": "25-year cycle. Based on this pattern,"}, {"start": "00:03:51", "end": "00:03:55", "text": "which is repeated with scary accuracy"}, {"start": "00:03:52", "end": "00:03:59", "text": "two times already, this cycle targets"}, {"start": "00:03:55", "end": "00:04:02", "text": "17,000 on the S&P 500 by 2034. That's"}, {"start": "00:03:59", "end": "00:04:04", "text": "roughly 2536%"}, {"start": "00:04:02", "end": "00:04:06", "text": "from the 2009 low, almost exactly"}, {"start": "00:04:04", "end": "00:04:09", "text": "matching the previous two bull cycles."}, {"start": "00:04:06", "end": "00:04:13", "text": "So, freaked out yet? Because here where"}, {"start": "00:04:09", "end": "00:04:15", "text": "it gets really spooky, we are deep in"}, {"start": "00:04:13", "end": "00:04:16", "text": "the AI phase of this bull cycle. And if"}, {"start": "00:04:15", "end": "00:04:20", "text": "I want to be very honest with you about"}, {"start": "00:04:16", "end": "00:04:22", "text": "what that means, but there are two"}, {"start": "00:04:20", "end": "00:04:24", "text": "truths running here at the same time."}, {"start": "00:04:22", "end": "00:04:26", "text": "And it's absolutely important. And most"}, {"start": "00:04:24", "end": "00:04:27", "text": "people only want to hear one of them."}, {"start": "00:04:26", "end": "00:04:28", "text": "But you have to hear both of them. And"}, {"start": "00:04:27", "end": "00:04:30", "text": "more on that in a second because if"}, {"start": "00:04:28", "end": "00:04:32", "text": "you're serious about this cycle, you"}, {"start": "00:04:30", "end": "00:04:34", "text": "need serious infrastructure. And that's"}, {"start": "00:04:32", "end": "00:04:36", "text": "where Zappo Bank delivers. This is where"}, {"start": "00:04:34", "end": "00:04:39", "text": "sovereign investors actually keep their"}, {"start": "00:04:36", "end": "00:04:41", "text": "wealth. It is a private Bitcoin bank."}, {"start": "00:04:39", "end": "00:04:42", "text": "It's offshore and it offers you real"}, {"start": "00:04:41", "end": "00:04:44", "text": "protection for your assets. You can use"}, {"start": "00:04:42", "end": "00:04:45", "text": "your Bitcoin as collateral for loans"}, {"start": "00:04:44", "end": "00:04:47", "text": "without selling. You can earn Bitcoin"}, {"start": "00:04:45", "end": "00:04:49", "text": "back rewards on every purchase with"}, {"start": "00:04:47", "end": "00:04:52", "text": "their absolutely awesome card. 1% back"}, {"start": "00:04:49", "end": "00:04:54", "text": "in BTC on every swipe that you make."}, {"start": "00:04:52", "end": "00:04:56", "text": "That's crazy. You can earn Bitcoin back"}, {"start": "00:04:54", "end": "00:04:58", "text": "rewards super easily. You get access to"}, {"start": "00:04:56", "end": "00:05:00", "text": "stocks. They have inheritance planning"}, {"start": "00:04:58", "end": "00:05:01", "text": "which is super important. If you are a"}, {"start": "00:05:00", "end": "00:05:02", "text": "Bitcoin and you worry about how are my"}, {"start": "00:05:01", "end": "00:05:04", "text": "kids going to get my Bitcoin, Zapple"}, {"start": "00:05:02", "end": "00:05:05", "text": "Bank's taking care of that for you. and"}, {"start": "00:05:04", "end": "00:05:07", "text": "a personal adviser who actually knows"}, {"start": "00:05:05", "end": "00:05:09", "text": "what the heck they're talking about."}, {"start": "00:05:07", "end": "00:05:11", "text": "That alone is worth the annual fee. This"}, {"start": "00:05:09", "end": "00:05:14", "text": "isn't your retail crypto app. This is a"}, {"start": "00:05:11", "end": "00:05:16", "text": "private bank, Bitcoin first, built for"}, {"start": "00:05:14", "end": "00:05:18", "text": "people who understand what's coming and"}, {"start": "00:05:16", "end": "00:05:21", "text": "want to be positioned correctly when the"}, {"start": "00:05:18", "end": "00:05:24", "text": " hits the fan. Sign up now using the"}, {"start": "00:05:21", "end": "00:05:29", "text": "link down below and we both get $500 in"}, {"start": "00:05:24", "end": "00:05:31", "text": "Bitcoin. So, stop leaving your wealth"}, {"start": "00:05:29", "end": "00:05:34", "text": "exposed. Link below. Check it out now."}, {"start": "00:05:31", "end": "00:05:36", "text": "Thank you. Truth number one, the AI"}, {"start": "00:05:34", "end": "00:05:37", "text": "opportunity is real. That's not made up"}, {"start": "00:05:36", "end": "00:05:39", "text": "hype. The earnings are insane. The"}, {"start": "00:05:37", "end": "00:05:40", "text": "potential, the impact of the technology"}, {"start": "00:05:39", "end": "00:05:41", "text": "is absolutely nuts. The company's"}, {"start": "00:05:40", "end": "00:05:43", "text": "building AI infrastructure, the chips,"}, {"start": "00:05:41", "end": "00:05:45", "text": "the data centers, the software, copper,"}, {"start": "00:05:43", "end": "00:05:46", "text": "everything's printing money. Earnings"}, {"start": "00:05:45", "end": "00:05:48", "text": "are holding up, which makes this very"}, {"start": "00:05:46", "end": "00:05:50", "text": "different to the com bubble. Revenue is"}, {"start": "00:05:48", "end": "00:05:51", "text": "growing. The technology is genuinely"}, {"start": "00:05:50", "end": "00:05:52", "text": "transformative. We are at the beginning"}, {"start": "00:05:51", "end": "00:05:54", "text": "of a productivity revolution that's"}, {"start": "00:05:52", "end": "00:05:55", "text": "going to reshape every single industry"}, {"start": "00:05:54", "end": "00:05:58", "text": "on the planet. It's also going to cause"}, {"start": "00:05:55", "end": "00:06:00", "text": "a massive unemployment crisis in a few"}, {"start": "00:05:58", "end": "00:06:03", "text": "years. Truth number two, every single"}, {"start": "00:06:00", "end": "00:06:05", "text": "technological revolution in this chart,"}, {"start": "00:06:03", "end": "00:06:08", "text": "which was completely game-changing at"}, {"start": "00:06:05", "end": "00:06:10", "text": "the time, ended up in a blowoff top in a"}, {"start": "00:06:08", "end": "00:06:12", "text": "brutal correction. A bare market that"}, {"start": "00:06:10", "end": "00:06:14", "text": "lasted 9 years. The electronics boom,"}, {"start": "00:06:12", "end": "00:06:17", "text": "blowoff top. PC and internet boom,"}, {"start": "00:06:14", "end": "00:06:20", "text": "blowoff top. The NASDAQ lost 80% from"}, {"start": "00:06:17", "end": "00:06:22", "text": "peak to trough, 80%."}, {"start": "00:06:20", "end": "00:06:24", "text": "The smartphone and e-commerce cycle"}, {"start": "00:06:22", "end": "00:06:26", "text": "blowoff top into 2022"}, {"start": "00:06:24", "end": "00:06:28", "text": "every single time. And here's the"}, {"start": "00:06:26", "end": "00:06:29", "text": "pattern that kills people. The"}, {"start": "00:06:28", "end": "00:06:31", "text": "fundamentals stay good right up until"}, {"start": "00:06:29", "end": "00:06:33", "text": "the end. Earnings keep growing. Revenue"}, {"start": "00:06:31", "end": "00:06:35", "text": "keeps beating estimates. The analysts"}, {"start": "00:06:33", "end": "00:06:37", "text": "keep raising their price targets."}, {"start": "00:06:35", "end": "00:06:40", "text": "Everything looks fine until one day it"}, {"start": "00:06:37", "end": "00:06:41", "text": "doesn't because at some point it stops"}, {"start": "00:06:40", "end": "00:06:43", "text": "being about earnings. Becomes about"}, {"start": "00:06:41", "end": "00:06:45", "text": "euphoria."}, {"start": "00:06:43", "end": "00:06:48", "text": "People get too crazy. The market gets"}, {"start": "00:06:45", "end": "00:06:49", "text": "way over its skis. It gets about FOMO,"}, {"start": "00:06:48", "end": "00:06:51", "text": "about people buying stocks they don't"}, {"start": "00:06:49", "end": "00:06:52", "text": "understand because their neighbor made"}, {"start": "00:06:51", "end": "00:06:54", "text": "money on them and they don't want to"}, {"start": "00:06:52", "end": "00:06:55", "text": "miss out. We start looking at valuations"}, {"start": "00:06:54", "end": "00:06:58", "text": "that only make sense if you assume"}, {"start": "00:06:55", "end": "00:07:00", "text": "perfection forever. And that's just"}, {"start": "00:06:58", "end": "00:07:02", "text": "simply not realistic. And we are not"}, {"start": "00:07:00", "end": "00:07:03", "text": "fully there yet. We're getting closer."}, {"start": "00:07:02", "end": "00:07:05", "text": "It's still a few years off. Now,"}, {"start": "00:07:03", "end": "00:07:08", "text": "there'll be big corrections in the time,"}, {"start": "00:07:05", "end": "00:07:10", "text": "many bare markets between now and 2034"}, {"start": "00:07:08", "end": "00:07:12", "text": "when the real 9-year bare market happens"}, {"start": "00:07:10", "end": "00:07:15", "text": "and nothing happens to the stock market"}, {"start": "00:07:12", "end": "00:07:17", "text": "for 9 effing years. But the question you"}, {"start": "00:07:15", "end": "00:07:19", "text": "need to be asking yourself isn't is AI"}, {"start": "00:07:17", "end": "00:07:21", "text": "real, it's how much of the good news is"}, {"start": "00:07:19", "end": "00:07:24", "text": "already priced in. So, let's talk about"}, {"start": "00:07:21", "end": "00:07:25", "text": "what you actually came here for. When do"}, {"start": "00:07:24", "end": "00:07:27", "text": "you sell? Now, I'm not going to give you"}, {"start": "00:07:25", "end": "00:07:28", "text": "a specific this is the exact minute and"}, {"start": "00:07:27", "end": "00:07:30", "text": "day because nobody knows the exact top"}, {"start": "00:07:28", "end": "00:07:32", "text": "and anyone who tells you that they do"}, {"start": "00:07:30", "end": "00:07:33", "text": "are they're selling you But I"}, {"start": "00:07:32", "end": "00:07:35", "text": "can give you the conditions that have"}, {"start": "00:07:33", "end": "00:07:36", "text": "historically marked the end of these"}, {"start": "00:07:35", "end": "00:07:39", "text": "cycles and the target again is around"}, {"start": "00:07:36", "end": "00:07:42", "text": "2034. The first thing to watch the 1"}, {"start": "00:07:39", "end": "00:07:44", "text": "month 50 period moving average on this"}, {"start": "00:07:42", "end": "00:07:48", "text": "chart. That's the blue line. Every major"}, {"start": "00:07:44", "end": "00:07:50", "text": "top in the S&P 500 has been preceded by"}, {"start": "00:07:48", "end": "00:07:52", "text": "the price running way way above that"}, {"start": "00:07:50", "end": "00:07:55", "text": "blue line and then snapping back to it"}, {"start": "00:07:52", "end": "00:07:58", "text": "violently. Here's something wild. We"}, {"start": "00:07:55", "end": "00:08:01", "text": "haven't even touched the one month MA50"}, {"start": "00:07:58", "end": "00:08:03", "text": "since 2022. Think about that. We are"}, {"start": "00:08:01", "end": "00:08:05", "text": "overdue for a major retest of that line."}, {"start": "00:08:03", "end": "00:08:07", "text": "That retest when it comes is going to"}, {"start": "00:08:05", "end": "00:08:08", "text": "feel apocalyptic."}, {"start": "00:08:07", "end": "00:08:10", "text": "The news will be terrible. Everyone will"}, {"start": "00:08:08", "end": "00:08:12", "text": "say it's over forever. We're now"}, {"start": "00:08:10", "end": "00:08:13", "text": "entering this mega bare market. The"}, {"start": "00:08:12", "end": "00:08:16", "text": "Great Depressions here. Blah blah blah"}, {"start": "00:08:13", "end": "00:08:17", "text": "blah. But it won't be over yet. We will"}, {"start": "00:08:16", "end": "00:08:19", "text": "be over at some point though. But before"}, {"start": "00:08:17", "end": "00:08:21", "text": "we get to that, the actual sell signal"}, {"start": "00:08:19", "end": "00:08:22", "text": "to watch for will be the blowoff top."}, {"start": "00:08:21", "end": "00:08:24", "text": "And you'll probably know it when you see"}, {"start": "00:08:22", "end": "00:08:26", "text": "it. Your brain may not want to admit it."}, {"start": "00:08:24", "end": "00:08:28", "text": "It's hard hard selling on top because"}, {"start": "00:08:26", "end": "00:08:29", "text": "your brain's telling you, \"Bet more. Buy"}, {"start": "00:08:28", "end": "00:08:32", "text": "more. Everyone's right. You're right."}, {"start": "00:08:29", "end": "00:08:33", "text": "You're a genius.\" The parable of price"}, {"start": "00:08:32", "end": "00:08:34", "text": "action will be insane. And we've seen"}, {"start": "00:08:33", "end": "00:08:36", "text": "some of that recently. The stock market"}, {"start": "00:08:34", "end": "00:08:38", "text": "right now is very frothy and probably"}, {"start": "00:08:36", "end": "00:08:40", "text": "due for a decent correction. But it's"}, {"start": "00:08:38", "end": "00:08:41", "text": "not the top. You'll see valuations that"}, {"start": "00:08:40", "end": "00:08:43", "text": "start making no mathematical sense. And"}, {"start": "00:08:41", "end": "00:08:44", "text": "that's when things really start the"}, {"start": "00:08:43", "end": "00:08:46", "text": "warning signs start coming out. That"}, {"start": "00:08:44", "end": "00:08:49", "text": "marked the top of the dot boom when"}, {"start": "00:08:46", "end": "00:08:52", "text": "Cisco's price dramatically overshot its"}, {"start": "00:08:49", "end": "00:08:53", "text": "earnings. AI stocks pricing in 50 years"}, {"start": "00:08:52", "end": "00:08:55", "text": "of perfect growth will be the norm."}, {"start": "00:08:53", "end": "00:08:56", "text": "Retail investors will be piling in. Your"}, {"start": "00:08:55", "end": "00:08:58", "text": "cab driver starts telling you what"}, {"start": "00:08:56", "end": "00:09:01", "text": "stocks to buy. They just spot bought STA"}, {"start": "00:08:58", "end": "00:09:02", "text": "SpaceX at a $10 trillion valuation. Your"}, {"start": "00:09:01", "end": "00:09:04", "text": "aunt will be asking how to open up a"}, {"start": "00:09:02", "end": "00:09:05", "text": "brokerage account. That's when you start"}, {"start": "00:09:04", "end": "00:09:06", "text": "de-risking. You don't have to go all at"}, {"start": "00:09:05", "end": "00:09:08", "text": "once. You can start scaling out. You"}, {"start": "00:09:06", "end": "00:09:09", "text": "take profits on the most overextended"}, {"start": "00:09:08", "end": "00:09:11", "text": "positions. You raise some cash because"}, {"start": "00:09:09", "end": "00:09:14", "text": "when things turn, and they always turn,"}, {"start": "00:09:11", "end": "00:09:16", "text": "they turn fast and they turn real ugly."}, {"start": "00:09:14", "end": "00:09:19", "text": "The target on this chart puts the S&P"}, {"start": "00:09:16", "end": "00:09:21", "text": "500 at around 17,000 by 2034. So, it's"}, {"start": "00:09:19", "end": "00:09:24", "text": "over 100% more gains. We're at about"}, {"start": "00:09:21", "end": "00:09:26", "text": "7,500 right now. So, that's a lot more"}, {"start": "00:09:24", "end": "00:09:27", "text": "upside. It's got got quite a few years"}, {"start": "00:09:26", "end": "00:09:29", "text": "to run. But, you don't want to get"}, {"start": "00:09:27", "end": "00:09:30", "text": "greedy at the end. You want to secure"}, {"start": "00:09:29", "end": "00:09:31", "text": "the bag. You want to secure that"}, {"start": "00:09:30", "end": "00:09:34", "text": "long-term wealth for you and your"}, {"start": "00:09:31", "end": "00:09:37", "text": "family. You don't want to have"}, {"start": "00:09:34", "end": "00:09:40", "text": "investments that are down 90% for 9"}, {"start": "00:09:37", "end": "00:09:41", "text": "years. Now, the last 20% of a bull"}, {"start": "00:09:40", "end": "00:09:43", "text": "market is the most dangerous 20% that"}, {"start": "00:09:41", "end": "00:09:44", "text": "you can trade. Now, the fun part,"}, {"start": "00:09:43", "end": "00:09:46", "text": "because the other side of this chart is"}, {"start": "00:09:44", "end": "00:09:48", "text": "the most important investing signal in"}, {"start": "00:09:46", "end": "00:09:49", "text": "your entire life, and almost nobody's"}, {"start": "00:09:48", "end": "00:09:51", "text": "talking about it. You see, when this"}, {"start": "00:09:49", "end": "00:09:54", "text": "bull cycle ends, and it will end. It"}, {"start": "00:09:51", "end": "00:09:56", "text": "always ends, the S&P 500 is going to"}, {"start": "00:09:54", "end": "00:09:59", "text": "have one of the nastiest corrections in"}, {"start": "00:09:56", "end": "00:10:01", "text": "your lifetime, the chart projects a"}, {"start": "00:09:59", "end": "00:10:03", "text": "9-year bare cycle starting sometime"}, {"start": "00:10:01", "end": "00:10:05", "text": "around 2034."}, {"start": "00:10:03", "end": "00:10:06", "text": "It's going to feel absolutely"}, {"start": "00:10:05", "end": "00:10:08", "text": "devastating. Everything is going to be"}, {"start": "00:10:06", "end": "00:10:10", "text": "down. AI is going to be over. Tech is"}, {"start": "00:10:08", "end": "00:10:12", "text": "going to be a scam. Everyone's going to"}, {"start": "00:10:10", "end": "00:10:14", "text": "say, \"How could we have got so bullish"}, {"start": "00:10:12", "end": "00:10:16", "text": "on all these humanoid robots and all"}, {"start": "00:10:14", "end": "00:10:17", "text": "this AI and everyone's lost their"}, {"start": "00:10:16", "end": "00:10:18", "text": " jobs?\""}, {"start": "00:10:17", "end": "00:10:20", "text": "you're going to see endless articles"}, {"start": "00:10:18", "end": "00:10:22", "text": "about how the market will never go up"}, {"start": "00:10:20", "end": "00:10:25", "text": "again. That's when you start backing up"}, {"start": "00:10:22", "end": "00:10:28", "text": "the truck. Now, the framework on this"}, {"start": "00:10:25", "end": "00:10:31", "text": "chart uses Fibonacci retracement levels."}, {"start": "00:10:28", "end": "00:10:32", "text": "Those numbers you see 0.236,"}, {"start": "00:10:31", "end": "00:10:37", "text": "0.382,"}, {"start": "00:10:32", "end": "00:10:38", "text": "0.5, and 0.618, and 0.786."}, {"start": "00:10:37", "end": "00:10:41", "text": "In the previous two bearish cycles, the"}, {"start": "00:10:38", "end": "00:10:44", "text": "deepest retracements held around 0.618"}, {"start": "00:10:41", "end": "00:10:45", "text": "to the 0.786 level. That's where the"}, {"start": "00:10:44", "end": "00:10:47", "text": "generational buying opportunities live."}, {"start": "00:10:45", "end": "00:10:47", "text": "There's also a second signal. By the"}, {"start": "00:10:47", "end": "00:10:49", "text": "way, we're not going to know exactly"}, {"start": "00:10:47", "end": "00:10:50", "text": "where these targets are until we've had"}, {"start": "00:10:49", "end": "00:10:52", "text": "our top. That's where you draw it from."}, {"start": "00:10:50", "end": "00:10:55", "text": "There's also a second signal, the"}, {"start": "00:10:52", "end": "00:10:56", "text": "one-mon RSI dropping below 30. Look at"}, {"start": "00:10:55", "end": "00:11:02", "text": "the bottom of this chart. Every single"}, {"start": "00:10:56", "end": "00:11:07", "text": "time, 1932, 1942, 1974, 2002, and 2009,"}, {"start": "00:11:02", "end": "00:11:09", "text": "the monthly RSI hit below 30. It was a"}, {"start": "00:11:07", "end": "00:11:11", "text": "generational buy. Not a this looks cheap"}, {"start": "00:11:09", "end": "00:11:14", "text": "buy, but a life-changing retire your"}, {"start": "00:11:11", "end": "00:11:16", "text": "whole family buy. It's an incredibly"}, {"start": "00:11:14", "end": "00:11:19", "text": "rare signal. In fact, it's something"}, {"start": "00:11:16", "end": "00:11:21", "text": "that might only happen once or twice in"}, {"start": "00:11:19", "end": "00:11:24", "text": "your investing lifetime. It's that"}, {"start": "00:11:21", "end": "00:11:25", "text": " rare,"}, {"start": "00:11:24", "end": "00:11:28", "text": "really."}, {"start": "00:11:25", "end": "00:11:31", "text": "And when it does happen, and it will"}, {"start": "00:11:28", "end": "00:11:33", "text": "happen again, you need to be ready. You"}, {"start": "00:11:31", "end": "00:11:34", "text": "need to have cash ready. You need to buy"}, {"start": "00:11:33", "end": "00:11:37", "text": "like your future depends on it because"}, {"start": "00:11:34", "end": "00:11:39", "text": "it will. You'll make so much money in"}, {"start": "00:11:37", "end": "00:11:40", "text": "the following 20 years. You'll sail off"}, {"start": "00:11:39", "end": "00:11:42", "text": "into the sunset and never have to think"}, {"start": "00:11:40", "end": "00:11:46", "text": "about money ever again. And this chart"}, {"start": "00:11:42", "end": "00:11:49", "text": "is saying that that extreme opportunity"}, {"start": "00:11:46", "end": "00:11:52", "text": "will come at the latest around 2041"}, {"start": "00:11:49", "end": "00:11:55", "text": "perhaps for a second oversold reading"}, {"start": "00:11:52", "end": "00:11:58", "text": "and maybe a first oversold reading again"}, {"start": "00:11:55", "end": "00:12:01", "text": "monthly RSI under 30 sometime in the mid"}, {"start": "00:11:58", "end": "00:12:04", "text": "2030s. So if we top in 2034 then look"}, {"start": "00:12:01", "end": "00:12:06", "text": "for this in 2035 or 2036. It's a long"}, {"start": "00:12:04", "end": "00:12:08", "text": "time away. I get it. But this is the"}, {"start": "00:12:06", "end": "00:12:09", "text": "generational wealth opportunity. We talk"}, {"start": "00:12:08", "end": "00:12:10", "text": "about generational wealth. This is the"}, {"start": "00:12:09", "end": "00:12:12", "text": "real one. That means not being fully"}, {"start": "00:12:10", "end": "00:12:13", "text": "leveraged into the market at the top."}, {"start": "00:12:12", "end": "00:12:14", "text": "That means taking profits. That means"}, {"start": "00:12:13", "end": "00:12:16", "text": "keeping some dry powder, potentially a"}, {"start": "00:12:14", "end": "00:12:17", "text": "lot, potentially fully exiting your"}, {"start": "00:12:16", "end": "00:12:19", "text": "positions. That means having the"}, {"start": "00:12:17", "end": "00:12:20", "text": "emotional discipline to buy when"}, {"start": "00:12:19", "end": "00:12:21", "text": "everyone around you is losing their"}, {"start": "00:12:20", "end": "00:12:23", "text": "mind. And to sell when everyone around"}, {"start": "00:12:21", "end": "00:12:25", "text": "you is losing their mind and euphoria. I"}, {"start": "00:12:23", "end": "00:12:27", "text": "know it all sounds almost too clean."}, {"start": "00:12:25", "end": "00:12:30", "text": "Cycles that repeat for a 100 years,"}, {"start": "00:12:27", "end": "00:12:32", "text": "targets for 20, 30, 40, sell here, buy"}, {"start": "00:12:30", "end": "00:12:35", "text": "there. The market's never really that"}, {"start": "00:12:32", "end": "00:12:36", "text": "simple. It isn't. We wish that it would"}, {"start": "00:12:35", "end": "00:12:39", "text": "be and sometimes it feels like it is in"}, {"start": "00:12:36", "end": "00:12:41", "text": "hindsight, but it never is that clean."}, {"start": "00:12:39", "end": "00:12:42", "text": "There will be volatility. There will be"}, {"start": "00:12:41", "end": "00:12:44", "text": "scary corrections along the way that"}, {"start": "00:12:42", "end": "00:12:45", "text": "feel like the end, but they're not"}, {"start": "00:12:44", "end": "00:12:48", "text": "actually. There will be moments when you"}, {"start": "00:12:45", "end": "00:12:50", "text": "question everything. But zoom out, step"}, {"start": "00:12:48", "end": "00:12:52", "text": "back from the daily noise. The pattern"}, {"start": "00:12:50", "end": "00:12:55", "text": "in this chart has held through the"}, {"start": "00:12:52", "end": "00:12:58", "text": "freaking Great Depression, through World"}, {"start": "00:12:55", "end": "00:13:02", "text": "War II, Vietnam, stagflation, the dotcom"}, {"start": "00:12:58", "end": "00:13:03", "text": "crash, 911, every crisis, every pile of"}, {"start": "00:13:02", "end": "00:13:05", "text": " you can imagine, the last"}, {"start": "00:13:03", "end": "00:13:07", "text": "hundred years, every financial crisis,"}, {"start": "00:13:05", "end": "00:13:11", "text": "oil shock, whatever, pandemics, all of"}, {"start": "00:13:07", "end": "00:13:13", "text": "it. And it keeps repeating. Now you are"}, {"start": "00:13:11", "end": "00:13:15", "text": "going to hear that this time is"}, {"start": "00:13:13", "end": "00:13:16", "text": "different. Whatever has existed before,"}, {"start": "00:13:15", "end": "00:13:17", "text": "this time is different. This is the"}, {"start": "00:13:16", "end": "00:13:19", "text": "super cycle. This is the literal new"}, {"start": "00:13:17", "end": "00:13:20", "text": "paradigm of everything because of AI. AI"}, {"start": "00:13:19", "end": "00:13:22", "text": "is going to change everything. There"}, {"start": "00:13:20", "end": "00:13:24", "text": "will be no more bare markets. This"}, {"start": "00:13:22", "end": "00:13:26", "text": "9-year bare market theory is going to be"}, {"start": "00:13:24", "end": "00:13:29", "text": "totally disproven cuz we're going to go"}, {"start": "00:13:26", "end": "00:13:30", "text": "up only forever. But it won't be. It"}, {"start": "00:13:29", "end": "00:13:32", "text": "won't be. This will come with a massive"}, {"start": "00:13:30", "end": "00:13:34", "text": "unemployment crisis that'll hit"}, {"start": "00:13:32", "end": "00:13:38", "text": "earnings, all that kind of stuff. Yes,"}, {"start": "00:13:34", "end": "00:13:40", "text": "long-term very bullish on space, on AI,"}, {"start": "00:13:38", "end": "00:13:41", "text": "on humanoid robotics, on biotech, all"}, {"start": "00:13:40", "end": "00:13:42", "text": "this stuff. But it doesn't mean there"}, {"start": "00:13:41", "end": "00:13:44", "text": "won't be a horrific bare market. The"}, {"start": "00:13:42", "end": "00:13:47", "text": "lesson isn't that you can predict every"}, {"start": "00:13:44", "end": "00:13:50", "text": "move. The lesson is that cycles exist."}, {"start": "00:13:47", "end": "00:13:51", "text": "Extremes revert. We always come back to"}, {"start": "00:13:50", "end": "00:13:53", "text": "the baseline. And the people who"}, {"start": "00:13:51", "end": "00:13:55", "text": "understand the big picture and stay"}, {"start": "00:13:53", "end": "00:13:56", "text": "disciplined, well, they're going to be"}, {"start": "00:13:55", "end": "00:13:59", "text": "the ones who actually build wealth long"}, {"start": "00:13:56", "end": "00:14:01", "text": "term. The AI boom is real. AI is"}, {"start": "00:13:59", "end": "00:14:04", "text": "incredible. It's mind-blowing. And you"}, {"start": "00:14:01", "end": "00:14:07", "text": "can ride that wave. But don't marry it."}, {"start": "00:14:04", "end": "00:14:08", "text": "Know when the music stops. Keep your"}, {"start": "00:14:07", "end": "00:14:10", "text": "eyes on the long-term moving averages."}, {"start": "00:14:08", "end": "00:14:12", "text": "Watch that RSI. And when the crash"}, {"start": "00:14:10", "end": "00:14:16", "text": "comes,"}, {"start": "00:14:12", "end": "00:14:17", "text": "and it will, it always does, don't panic"}, {"start": "00:14:16", "end": "00:14:19", "text": "because you're ready. Because you have"}, {"start": "00:14:17", "end": "00:14:22", "text": "the knowledge. That's your moment. It's"}, {"start": "00:14:19", "end": "00:14:25", "text": "what you've been waiting for. 17,000 for"}, {"start": "00:14:22", "end": "00:14:27", "text": "the S&P 500 2034. That's one hell of a"}, {"start": "00:14:25", "end": "00:14:29", "text": "ride between now and then."}, {"start": "00:14:27", "end": "00:14:32", "text": "You can ride that wave. Enjoy that wave."}, {"start": "00:14:29", "end": "00:14:34", "text": "But remember, at some point, all waves"}, {"start": "00:14:32", "end": "00:14:36", "text": "crash into the shore. If this hits"}, {"start": "00:14:34", "end": "00:14:37", "text": "different, smash that like button. It"}, {"start": "00:14:36", "end": "00:14:39", "text": "actually helps more people see these"}, {"start": "00:14:37", "end": "00:14:41", "text": "videos. And also, drop a comment. Are"}, {"start": "00:14:39", "end": "00:14:42", "text": "you bullish? Are you bearish? You just"}, {"start": "00:14:41", "end": "00:14:43", "text": "generally confused by all this? Do you"}, {"start": "00:14:42", "end": "00:14:44", "text": "think this is actually going to play a"}, {"start": "00:14:43", "end": "00:14:45", "text": "100red-year chart? That sounds like some"}, {"start": "00:14:44", "end": "00:14:46", "text": " Lark. This time is really"}, {"start": "00:14:45", "end": "00:14:48", "text": "different. Haven't you seen what's going"}, {"start": "00:14:46", "end": "00:14:52", "text": "on with AI? Let me know down below."}, {"start": "00:14:48", "end": "00:14:52", "text": "Thanks for watching. See you next time."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Test your brain with this. If you can"}, {"start": "00:00:01", "end": "00:00:06", "text": "hear your own voice reading this text"}, {"start": "00:00:03", "end": "00:00:07", "text": "about physically moving your tongue,"}, {"start": "00:00:06", "end": "00:00:08", "text": "you are prone to severe overthinking."}, {"start": "00:00:07", "end": "00:00:10", "text": "That internal monologue [music] is the"}, {"start": "00:00:08", "end": "00:00:12", "text": "exact reason that you keep panic selling"}, {"start": "00:00:10", "end": "00:00:15", "text": "your Bitcoin at a loss. Your brain is"}, {"start": "00:00:12", "end": "00:00:17", "text": "hyper-reactive pattern-matching machine."}, {"start": "00:00:15", "end": "00:00:19", "text": "When you see a 5% dip on a chart, your"}, {"start": "00:00:17", "end": "00:00:21", "text": "internal voice creates a catastrophic"}, {"start": "00:00:19", "end": "00:00:22", "text": "narrative about a total market crash."}, {"start": "00:00:21", "end": "00:00:24", "text": "You aren't trading the asset, you're"}, {"start": "00:00:22", "end": "00:00:26", "text": "trading your own unedited thoughts. The"}, {"start": "00:00:24", "end": "00:00:29", "text": "most profitable investors automate their"}, {"start": "00:00:26", "end": "00:00:31", "text": "entries using cold, hard DCA scripts. If"}, {"start": "00:00:29", "end": "00:00:32", "text": "your brain is constantly talking you out"}, {"start": "00:00:31", "end": "00:00:37", "text": "of your own long-term conviction, it's"}, {"start": "00:00:32", "end": "00:00:37", "text": "time to delete the damn trading apps."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Ethereum is becoming genuinely"}, {"start": "00:00:02", "end": "00:00:06", "text": "embarrassing at this point. Long-term"}, {"start": "00:00:04", "end": "00:00:08", "text": "holders are finally losing their minds,"}, {"start": "00:00:06", "end": "00:00:10", "text": "man. If you look back 5 years ago to May"}, {"start": "00:00:08", "end": "00:00:11", "text": "2021, Ethereum's average price was"}, {"start": "00:00:10", "end": "00:00:13", "text": "floating somewhere around 2,200 bucks."}, {"start": "00:00:11", "end": "00:00:14", "text": "We had like a low of 1,700, a high of"}, {"start": "00:00:13", "end": "00:00:15", "text": "2,000 under that month. Well, let's say"}, {"start": "00:00:14", "end": "00:00:18", "text": "the average price of the month around"}, {"start": "00:00:15", "end": "00:00:20", "text": "2,200 bucks. Fast forward to today, the"}, {"start": "00:00:18", "end": "00:00:22", "text": "price is essentially exactly in the same"}, {"start": "00:00:20", "end": "00:00:24", "text": "spot [music] that it was 5 years ago."}, {"start": "00:00:22", "end": "00:00:26", "text": "Half a decade of zero net progress. I"}, {"start": "00:00:24", "end": "00:00:28", "text": "know we got up to it just peaking over a"}, {"start": "00:00:26", "end": "00:00:30", "text": "new all-time high close to $5,000, then"}, {"start": "00:00:28", "end": "00:00:33", "text": "it retraced the whole damn thing. Price"}, {"start": "00:00:30", "end": "00:00:35", "text": "hasn't done jack Half a decade"}, {"start": "00:00:33", "end": "00:00:37", "text": "lost. Meanwhile, traditional tech has"}, {"start": "00:00:35", "end": "00:00:39", "text": "completely left crypto in the dust."}, {"start": "00:00:37", "end": "00:00:42", "text": "Crypto's just not sexy anymore. Nvidia"}, {"start": "00:00:39", "end": "00:00:44", "text": "is up a mind-blowing 1,700% in the same"}, {"start": "00:00:42", "end": "00:00:47", "text": "time frame. SanDisk is up over 30x in"}, {"start": "00:00:44", "end": "00:00:49", "text": "just the last year alone. The ETH bull"}, {"start": "00:00:47", "end": "00:00:50", "text": "narratives are crumbling. Yeah, Tom Lee"}, {"start": "00:00:49", "end": "00:00:52", "text": "bought billions dollars worth of ETH and"}, {"start": "00:00:50", "end": "00:00:54", "text": "the price barely twitched. Vitalik"}, {"start": "00:00:52", "end": "00:00:56", "text": "Vitalik, he's just busy smashing his way"}, {"start": "00:00:54", "end": "00:00:58", "text": "across Asia having a good time. I mean,"}, {"start": "00:00:56", "end": "00:01:00", "text": "hats off, sir. Enjoy yourself. Even"}, {"start": "00:00:58", "end": "00:01:02", "text": "prominent ETH podcasters are quietly"}, {"start": "00:01:00", "end": "00:01:03", "text": "dumping their bags and walking away."}, {"start": "00:01:02", "end": "00:01:05", "text": "Everyone's given up on the pile of crap"}, {"start": "00:01:03", "end": "00:01:07", "text": "that has become Ethereum. So, the"}, {"start": "00:01:05", "end": "00:01:09", "text": "question then becomes, with all this in"}, {"start": "00:01:07", "end": "00:01:12", "text": "mind, is it over for ETH or is this the"}, {"start": "00:01:09", "end": "00:01:15", "text": "ultimate accumulation zone on what is"}, {"start": "00:01:12", "end": "00:01:17", "text": "now a highly contrarian, hated asset"}, {"start": "00:01:15", "end": "00:01:19", "text": "whose fundamentals have actually never"}, {"start": "00:01:17", "end": "00:01:19", "text": "been better."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Five years. Five years of holding"}, {"start": "00:00:03", "end": "00:00:05", "text": "Ethereum, and you know what you got to"}, {"start": "00:00:04", "end": "00:00:07", "text": "show for it? Basically, nothing."}, {"start": "00:00:05", "end": "00:00:10", "text": "Meanwhile, Nvidia investors turned every"}, {"start": "00:00:07", "end": "00:00:12", "text": "$1,000 into $18,000. Sandisk holders"}, {"start": "00:00:10", "end": "00:00:14", "text": "went up 30 X in a single [�__�] year,"}, {"start": "00:00:12", "end": "00:00:15", "text": "and you, the loyal Ethereum believer,"}, {"start": "00:00:14", "end": "00:00:17", "text": "you sat through the volatility, the"}, {"start": "00:00:15", "end": "00:00:19", "text": "stress, the sleepless nights watching"}, {"start": "00:00:17", "end": "00:00:21", "text": "the charts,"}, {"start": "00:00:19", "end": "00:00:22", "text": "and you broke even. So, today we're"}, {"start": "00:00:21", "end": "00:00:24", "text": "asking the question that a lot of people"}, {"start": "00:00:22", "end": "00:00:27", "text": "are simply too scared to say out loud,"}, {"start": "00:00:24", "end": "00:00:29", "text": "\"Is Ethereum the biggest scam in"}, {"start": "00:00:27", "end": "00:00:30", "text": "crypto?\" Stay with me, because by the"}, {"start": "00:00:29", "end": "00:00:32", "text": "end of this video, the answer might just"}, {"start": "00:00:30", "end": "00:00:33", "text": "surprise you. So, let's start off with"}, {"start": "00:00:32", "end": "00:00:35", "text": "the brutal truth, because if you've been"}, {"start": "00:00:33", "end": "00:00:37", "text": "holding ETH, I'm sorry for you. You know"}, {"start": "00:00:35", "end": "00:00:39", "text": "the pain. Price-wise, Ethereum has done"}, {"start": "00:00:37", "end": "00:00:40", "text": "almost nothing in five years, and I'm"}, {"start": "00:00:39", "end": "00:00:42", "text": "not talking about underperforming, I'm"}, {"start": "00:00:40", "end": "00:00:44", "text": "talking about one of the worst"}, {"start": "00:00:42", "end": "00:00:45", "text": "risk-adjusted returns you could have"}, {"start": "00:00:44", "end": "00:00:48", "text": "made with your money in that entire"}, {"start": "00:00:45", "end": "00:00:50", "text": "time. Stocks go up, real estate goes up,"}, {"start": "00:00:48", "end": "00:00:52", "text": "even some random meme coins go up. Gold"}, {"start": "00:00:50", "end": "00:00:54", "text": "goes up. Ethereum, flat. And to add"}, {"start": "00:00:52", "end": "00:00:56", "text": "insult to injury, last cycle, we finally"}, {"start": "00:00:54", "end": "00:00:58", "text": "got a new all-time high. You know how"}, {"start": "00:00:56", "end": "00:01:01", "text": "much the previous all-time high it was"}, {"start": "00:00:58", "end": "00:01:03", "text": "hit above? By like 50 or 100 bucks."}, {"start": "00:01:01", "end": "00:01:05", "text": "Nothing. You waited years to make like"}, {"start": "00:01:03", "end": "00:01:07", "text": "100 bucks on the most celebrated smart"}, {"start": "00:01:05", "end": "00:01:10", "text": "contract platform in the world. That is"}, {"start": "00:01:07", "end": "00:01:11", "text": "objectively pathetic. And if you feel a"}, {"start": "00:01:10", "end": "00:01:13", "text": "little bit scammed by that, then"}, {"start": "00:01:11", "end": "00:01:15", "text": "honestly, it's a rational response. Now,"}, {"start": "00:01:13", "end": "00:01:16", "text": "let's talk about the people running this"}, {"start": "00:01:15", "end": "00:01:18", "text": "thing, because the vibes at the top are"}, {"start": "00:01:16", "end": "00:01:20", "text": "not exactly inspiring confidence. Tom"}, {"start": "00:01:18", "end": "00:01:21", "text": "Lee, one of the biggest Ethereum bulls"}, {"start": "00:01:20", "end": "00:01:23", "text": "on the planet, has poured literally"}, {"start": "00:01:21", "end": "00:01:24", "text": "billions upon billions upon billions of"}, {"start": "00:01:23", "end": "00:01:26", "text": "dollars in this asset."}, {"start": "00:01:24", "end": "00:01:27", "text": "Billions with a B."}, {"start": "00:01:26", "end": "00:01:28", "text": "It's barely moved the needle. In fact,"}, {"start": "00:01:27", "end": "00:01:30", "text": "price is down significantly, and he's"}, {"start": "00:01:28", "end": "00:01:31", "text": "billions of dollars underwater. And that"}, {"start": "00:01:30", "end": "00:01:33", "text": "should terrify you, because if billions"}, {"start": "00:01:31", "end": "00:01:35", "text": "of dollars in fresh capital can't pump"}, {"start": "00:01:33", "end": "00:01:36", "text": "the price, what exactly is going on?"}, {"start": "00:01:35", "end": "00:01:37", "text": "Then you've got the Ethereum Foundation,"}, {"start": "00:01:36", "end": "00:01:39", "text": "the organization that's literally"}, {"start": "00:01:37", "end": "00:01:40", "text": "supposed to be stewarding the growth and"}, {"start": "00:01:39", "end": "00:01:42", "text": "success of the network. And what do they"}, {"start": "00:01:40", "end": "00:01:43", "text": "do? They sell constantly. They sell"}, {"start": "00:01:42", "end": "00:01:45", "text": "their own coin."}, {"start": "00:01:43", "end": "00:01:47", "text": "The people who are supposed to be the"}, {"start": "00:01:45", "end": "00:01:49", "text": "most convicted Ethereum holders on Earth"}, {"start": "00:01:47", "end": "00:01:51", "text": "keep hitting the exit button, including"}, {"start": "00:01:49", "end": "00:01:53", "text": "Vitalik Buterin. That doesn't exactly"}, {"start": "00:01:51", "end": "00:01:54", "text": "scream massive belief. And Vitalik, of"}, {"start": "00:01:53", "end": "00:01:56", "text": "course, the genius who built the whole"}, {"start": "00:01:54", "end": "00:01:58", "text": "damn thing, right now it seems like he's"}, {"start": "00:01:56", "end": "00:01:59", "text": "more focused on traveling around Asia"}, {"start": "00:01:58", "end": "00:02:00", "text": "and um"}, {"start": "00:01:59", "end": "00:02:01", "text": ">> [clears throat]"}, {"start": "00:02:00", "end": "00:02:02", "text": ">> having fun, if you know what I mean,"}, {"start": "00:02:01", "end": "00:02:04", "text": "than pushing his own network forward."}, {"start": "00:02:02", "end": "00:02:06", "text": "Look, the man's rich beyond imagination."}, {"start": "00:02:04", "end": "00:02:08", "text": "I get it. But when the founder appears"}, {"start": "00:02:06", "end": "00:02:10", "text": "disengaged"}, {"start": "00:02:08", "end": "00:02:11", "text": "or stuck in his ivory tower, that energy"}, {"start": "00:02:10", "end": "00:02:13", "text": "flows downhill through the entire"}, {"start": "00:02:11", "end": "00:02:14", "text": "ecosystem and is poisoning the well. And"}, {"start": "00:02:13", "end": "00:02:15", "text": "that's exactly what we're seeing. Even"}, {"start": "00:02:14", "end": "00:02:17", "text": "the loudest Ethereum bulls, the"}, {"start": "00:02:15", "end": "00:02:18", "text": "podcasters, the influencers who spent"}, {"start": "00:02:17", "end": "00:02:19", "text": "years telling you that Ethereum was"}, {"start": "00:02:18", "end": "00:02:20", "text": "ultra-sound money, the future of"}, {"start": "00:02:19", "end": "00:02:21", "text": "finance, the world computer, blah blah"}, {"start": "00:02:20", "end": "00:02:23", "text": "blah blah blah, they're [�__�] selling."}, {"start": "00:02:21", "end": "00:02:25", "text": "They're done. They're out."}, {"start": "00:02:23", "end": "00:02:26", "text": "When your most devoted believers start"}, {"start": "00:02:25", "end": "00:02:28", "text": "walking away,"}, {"start": "00:02:26", "end": "00:02:30", "text": "that is not a small signal. It's a fire"}, {"start": "00:02:28", "end": "00:02:31", "text": "alarm. But here's where it gets"}, {"start": "00:02:30", "end": "00:02:32", "text": "interesting and I need you to stick with"}, {"start": "00:02:31", "end": "00:02:34", "text": "me here because this is where most"}, {"start": "00:02:32", "end": "00:02:36", "text": "people turn the video off and miss the"}, {"start": "00:02:34", "end": "00:02:37", "text": "most important part. But before I get"}, {"start": "00:02:36", "end": "00:02:39", "text": "into that, guys, you've got to join the"}, {"start": "00:02:37", "end": "00:02:41", "text": "Inner Circle. There is a link right down"}, {"start": "00:02:39", "end": "00:02:42", "text": "below me here. You got to go check it"}, {"start": "00:02:41", "end": "00:02:45", "text": "out because the Inner Circle is our"}, {"start": "00:02:42", "end": "00:02:46", "text": "private investor community."}, {"start": "00:02:45", "end": "00:02:49", "text": "And you guys are missing out by not"}, {"start": "00:02:46", "end": "00:02:51", "text": "being a part of that. We've had insane"}, {"start": "00:02:49", "end": "00:02:53", "text": "trades, insane calls in here, things"}, {"start": "00:02:51", "end": "00:02:54", "text": "like Micron Tech before it went up 300%"}, {"start": "00:02:53", "end": "00:02:55", "text": "because guess what? Outside of Ethereum,"}, {"start": "00:02:54", "end": "00:02:57", "text": "actually other things do go up in price"}, {"start": "00:02:55", "end": "00:02:59", "text": "from time to time."}, {"start": "00:02:57", "end": "00:03:02", "text": "Micron Tech up 300%, even some crypto"}, {"start": "00:02:59", "end": "00:03:04", "text": "plays like Canton up 100%. We have"}, {"start": "00:03:02", "end": "00:03:06", "text": "institutional grade research written by"}, {"start": "00:03:04", "end": "00:03:08", "text": "real humans. We have full-time"}, {"start": "00:03:06", "end": "00:03:10", "text": "researchers. We have full-time in-house"}, {"start": "00:03:08", "end": "00:03:12", "text": "traders giving you long and short trades"}, {"start": "00:03:10", "end": "00:03:14", "text": "on all kinds of stuff, stocks, metals,"}, {"start": "00:03:12", "end": "00:03:16", "text": "crypto. We got you covered."}, {"start": "00:03:14", "end": "00:03:18", "text": "You get a 7-day free trial and thanks to"}, {"start": "00:03:16", "end": "00:03:19", "text": "the good guys over at Bit Unix, right"}, {"start": "00:03:18", "end": "00:03:21", "text": "now you're going to get an $80 a month"}, {"start": "00:03:19", "end": "00:03:23", "text": "rebate"}, {"start": "00:03:21", "end": "00:03:26", "text": "plus $5,000"}, {"start": "00:03:23", "end": "00:03:28", "text": "every single week in exclusive Inner"}, {"start": "00:03:26", "end": "00:03:30", "text": "Circle Discord giveaways."}, {"start": "00:03:28", "end": "00:03:32", "text": "It's insanity."}, {"start": "00:03:30", "end": "00:03:33", "text": "Go check it out. Link down below. 7-day"}, {"start": "00:03:32", "end": "00:03:35", "text": "free trial. Would love to see you in"}, {"start": "00:03:33", "end": "00:03:37", "text": "there. Now look, obviously I have to"}, {"start": "00:03:35", "end": "00:03:39", "text": "state Ethereum is not a scam. It's just"}, {"start": "00:03:37", "end": "00:03:41", "text": "trading like a scam and those are two"}, {"start": "00:03:39", "end": "00:03:42", "text": "very different things because underneath"}, {"start": "00:03:41", "end": "00:03:44", "text": "all this terrible price action,"}, {"start": "00:03:42", "end": "00:03:46", "text": "something quite fascinating is actually"}, {"start": "00:03:44", "end": "00:03:47", "text": "happening to the network itself. You"}, {"start": "00:03:46", "end": "00:03:50", "text": "see, transaction counts just hit an"}, {"start": "00:03:47", "end": "00:03:51", "text": "all-time high. Token Terminal data shows"}, {"start": "00:03:50", "end": "00:03:53", "text": "that more than 70 million transactions"}, {"start": "00:03:51", "end": "00:03:55", "text": "happened in a single month on Ethereum,"}, {"start": "00:03:53", "end": "00:03:56", "text": "a new record. With this kind of"}, {"start": "00:03:55", "end": "00:03:58", "text": "sentiment going on, so the price chart"}, {"start": "00:03:56", "end": "00:04:00", "text": "is giving everyone nightmares, actual"}, {"start": "00:03:58", "end": "00:04:02", "text": "usage of the network is peaking. People"}, {"start": "00:04:00", "end": "00:04:04", "text": "are building on it. People are using it"}, {"start": "00:04:02", "end": "00:04:05", "text": "for some reason. They're just not"}, {"start": "00:04:04", "end": "00:04:07", "text": "speculating on the token price. And that"}, {"start": "00:04:05", "end": "00:04:08", "text": "disconnect is wild to think about. The"}, {"start": "00:04:07", "end": "00:04:10", "text": "gas fees, remember when using Ethereum"}, {"start": "00:04:08", "end": "00:04:11", "text": "felt like paying a toll on a luxury"}, {"start": "00:04:10", "end": "00:04:14", "text": "highway you couldn't even afford when a"}, {"start": "00:04:11", "end": "00:04:16", "text": "simple swap could cost you $50 in fees"}, {"start": "00:04:14", "end": "00:04:17", "text": "during a busy period? That nightmare is"}, {"start": "00:04:16", "end": "00:04:20", "text": "over, thankfully."}, {"start": "00:04:17", "end": "00:04:21", "text": "Average fees are now half a cent. Even a"}, {"start": "00:04:20", "end": "00:04:24", "text": "complex DeFi transaction might run you"}, {"start": "00:04:21", "end": "00:04:26", "text": "like 5 or 10 cents. Ethereum has"}, {"start": "00:04:24", "end": "00:04:28", "text": "finally, finally become affordable to"}, {"start": "00:04:26", "end": "00:04:30", "text": "actually use. And that changes the"}, {"start": "00:04:28", "end": "00:04:31", "text": "competitive landscape enormously because"}, {"start": "00:04:30", "end": "00:04:33", "text": "for years the entire bull case for"}, {"start": "00:04:31", "end": "00:04:35", "text": "Solana and other networks is basically"}, {"start": "00:04:33", "end": "00:04:36", "text": "just, \"Hey, we're way cheaper than"}, {"start": "00:04:35", "end": "00:04:40", "text": "Ethereum.\" That advantage is shrinking"}, {"start": "00:04:36", "end": "00:04:42", "text": "fast. And now Ethereum's network"}, {"start": "00:04:40", "end": "00:04:43", "text": "becomes more relevant."}, {"start": "00:04:42", "end": "00:04:45", "text": "Their network effect, the Metcalfe law,"}, {"start": "00:04:43", "end": "00:04:46", "text": "that kind of stuff. Now, here's"}, {"start": "00:04:45", "end": "00:04:48", "text": "something that most people in crypto"}, {"start": "00:04:46", "end": "00:04:49", "text": "aren't talking about enough, and this"}, {"start": "00:04:48", "end": "00:04:51", "text": "could be one of the most important"}, {"start": "00:04:49", "end": "00:04:53", "text": "upgrades in the entire history of this"}, {"start": "00:04:51", "end": "00:04:54", "text": "Ethereum blockchain. The Ethereum"}, {"start": "00:04:53", "end": "00:04:57", "text": "developers are actively discussing"}, {"start": "00:04:54", "end": "00:04:58", "text": "EIP-8182, which is a native privacy"}, {"start": "00:04:57", "end": "00:05:00", "text": "solution built directly into the"}, {"start": "00:04:58", "end": "00:05:02", "text": "Ethereum protocol. Not a third-party"}, {"start": "00:05:00", "end": "00:05:04", "text": "mixer, not some bolt-on tool. We're"}, {"start": "00:05:02", "end": "00:05:06", "text": "talking about a unified shared privacy"}, {"start": "00:05:04", "end": "00:05:08", "text": "pool compiled directly into the main"}, {"start": "00:05:06", "end": "00:05:09", "text": "chain. Right now, when you send"}, {"start": "00:05:08", "end": "00:05:11", "text": "Ethereum, everyone can see it. Every"}, {"start": "00:05:09", "end": "00:05:12", "text": "transaction, every wallet, completely"}, {"start": "00:05:11", "end": "00:05:14", "text": "transparent. If this privacy upgrade"}, {"start": "00:05:12", "end": "00:05:16", "text": "ships, Ethereum becomes the largest"}, {"start": "00:05:14", "end": "00:05:17", "text": "privacy chain in the world overnight."}, {"start": "00:05:16", "end": "00:05:19", "text": "Look what happened to Zcash. Privacy"}, {"start": "00:05:17", "end": "00:05:20", "text": "narrative is hot. It could pull"}, {"start": "00:05:19", "end": "00:05:22", "text": "liquidity away from those dedicated"}, {"start": "00:05:20", "end": "00:05:24", "text": "privacy coins, and it could unlock an"}, {"start": "00:05:22", "end": "00:05:26", "text": "entirely new category of institutional"}, {"start": "00:05:24", "end": "00:05:28", "text": "individual users who've been sitting on"}, {"start": "00:05:26", "end": "00:05:29", "text": "the sidelines precisely because they"}, {"start": "00:05:28", "end": "00:05:30", "text": "don't want their entire financial life"}, {"start": "00:05:29", "end": "00:05:32", "text": "on a public [�__�] ledger. It's not a"}, {"start": "00:05:30", "end": "00:05:33", "text": "small thing. This is potentially a"}, {"start": "00:05:32", "end": "00:05:35", "text": "paradigm shift for the entire network,"}, {"start": "00:05:33", "end": "00:05:36", "text": "and that's not all that's coming down"}, {"start": "00:05:35", "end": "00:05:38", "text": "the road map. Real-world asset"}, {"start": "00:05:36", "end": "00:05:40", "text": "tokenization is accelerating every day."}, {"start": "00:05:38", "end": "00:05:43", "text": "Account abstraction, chain abstract"}, {"start": "00:05:40", "end": "00:05:44", "text": "abstraction are both progressing. AI"}, {"start": "00:05:43", "end": "00:05:46", "text": "agent integration is being built out."}, {"start": "00:05:44", "end": "00:05:47", "text": "The infrastructure for the next wave of"}, {"start": "00:05:46", "end": "00:05:49", "text": "crypto adoption is being laid right now"}, {"start": "00:05:47", "end": "00:05:51", "text": "on Ethereum."}, {"start": "00:05:49", "end": "00:05:52", "text": "Is it being laid as fast as Solana or"}, {"start": "00:05:51", "end": "00:05:54", "text": "Coinbase's base? Honestly, no. Ethereum"}, {"start": "00:05:52", "end": "00:05:55", "text": "is still playing catch-up on a few"}, {"start": "00:05:54", "end": "00:05:57", "text": "fronts and the developer culture can"}, {"start": "00:05:55", "end": "00:05:59", "text": "feel frustratingly slow and ivory"}, {"start": "00:05:57", "end": "00:06:01", "text": "towerish at times. But, the direction is"}, {"start": "00:05:59", "end": "00:06:03", "text": "right and the network today at a"}, {"start": "00:06:01", "end": "00:06:04", "text": "technical level is the best it's ever"}, {"start": "00:06:03", "end": "00:06:06", "text": "been in its entire history despite how"}, {"start": "00:06:04", "end": "00:06:07", "text": "shitty the price has been. So, here's"}, {"start": "00:06:06", "end": "00:06:08", "text": "where we land and I want you to really"}, {"start": "00:06:07", "end": "00:06:10", "text": "think about this because it might be the"}, {"start": "00:06:08", "end": "00:06:12", "text": "most contrarian idea that I've put on"}, {"start": "00:06:10", "end": "00:06:13", "text": "the channel in a while."}, {"start": "00:06:12", "end": "00:06:15", "text": "Right now, Ethereum is one of the"}, {"start": "00:06:13", "end": "00:06:17", "text": "absolute most hated assets everybody is"}, {"start": "00:06:15", "end": "00:06:19", "text": "giving up on including, you know, mega"}, {"start": "00:06:17", "end": "00:06:21", "text": "long-term ETH crypto bulls. The price"}, {"start": "00:06:19", "end": "00:06:22", "text": "action has been brutal. The narrative is"}, {"start": "00:06:21", "end": "00:06:24", "text": "dead. The influencers abandoned it."}, {"start": "00:06:22", "end": "00:06:25", "text": "Retail investors are exhausted and"}, {"start": "00:06:24", "end": "00:06:27", "text": "technically looking at the multi-year"}, {"start": "00:06:25", "end": "00:06:29", "text": "chart, Ethereum right now is sitting on"}, {"start": "00:06:27", "end": "00:06:30", "text": "a make or break trend line that has held"}, {"start": "00:06:29", "end": "00:06:32", "text": "for years."}, {"start": "00:06:30", "end": "00:06:34", "text": "Needs to bounce. The boring cold-blooded"}, {"start": "00:06:32", "end": "00:06:36", "text": "analysis says this is historically when"}, {"start": "00:06:34", "end": "00:06:37", "text": "you buy hated assets with strong"}, {"start": "00:06:36", "end": "00:06:39", "text": "underlying fundamentals, not where you"}, {"start": "00:06:37", "end": "00:06:42", "text": "sell them. Think about what happens if"}, {"start": "00:06:39", "end": "00:06:43", "text": "even half of that what is being built"}, {"start": "00:06:42", "end": "00:06:45", "text": "plays out. Privacy gets added to the"}, {"start": "00:06:43", "end": "00:06:46", "text": "protocol, institutions bring real world"}, {"start": "00:06:45", "end": "00:06:48", "text": "assets on chain, AI agents need a"}, {"start": "00:06:46", "end": "00:06:50", "text": "credible neutral battle-tested network"}, {"start": "00:06:48", "end": "00:06:52", "text": "to operate on. Tom Lee keeps buying for"}, {"start": "00:06:50", "end": "00:06:53", "text": "whatever insane reason he has. Suddenly,"}, {"start": "00:06:52", "end": "00:06:56", "text": "Ethereum starts moving and here's the"}, {"start": "00:06:53", "end": "00:06:57", "text": "brutal irony. Nobody owns it anymore."}, {"start": "00:06:56", "end": "00:06:59", "text": "You're going to have a very hated rally."}, {"start": "00:06:57", "end": "00:07:00", "text": "A rally where people who sold in disgust"}, {"start": "00:06:59", "end": "00:07:02", "text": "have to watch from the sidelines and"}, {"start": "00:07:00", "end": "00:07:03", "text": "then chase it higher."}, {"start": "00:07:02", "end": "00:07:05", "text": "That is how the most violent moves in"}, {"start": "00:07:03", "end": "00:07:06", "text": "crypto happen. Not when everyone's"}, {"start": "00:07:05", "end": "00:07:08", "text": "bullish, but when everyone's given up"}, {"start": "00:07:06", "end": "00:07:11", "text": "and walked away. Now, could Ethereum"}, {"start": "00:07:08", "end": "00:07:13", "text": "also just die a slow heat death? Entropy"}, {"start": "00:07:11", "end": "00:07:14", "text": "finally wins, Solana just completely"}, {"start": "00:07:13", "end": "00:07:16", "text": "eats its lunch while Ethereum becomes"}, {"start": "00:07:14", "end": "00:07:17", "text": "the MySpace of smart contract platforms?"}, {"start": "00:07:16", "end": "00:07:19", "text": "Of course, that could happen. That's a"}, {"start": "00:07:17", "end": "00:07:20", "text": "real possibility. I know I'd never tell"}, {"start": "00:07:19", "end": "00:07:22", "text": "you that it isn't."}, {"start": "00:07:20", "end": "00:07:23", "text": "What I tell you is this. If you're"}, {"start": "00:07:22", "end": "00:07:24", "text": "looking for the most contrarian bet in"}, {"start": "00:07:23", "end": "00:07:26", "text": "crypto right now, you don't have to look"}, {"start": "00:07:24", "end": "00:07:28", "text": "very far. It's been sitting there for 5"}, {"start": "00:07:26", "end": "00:07:29", "text": "years. It's not going anywhere. It's"}, {"start": "00:07:28", "end": "00:07:31", "text": "being ignored, it's being abandoned,"}, {"start": "00:07:29", "end": "00:07:33", "text": "it's being sold and maybe, just maybe,"}, {"start": "00:07:31", "end": "00:07:34", "text": "that is exactly why"}, {"start": "00:07:33", "end": "00:07:35", "text": "Ethereum is worth paying attention to"}, {"start": "00:07:34", "end": "00:07:36", "text": "again."}, {"start": "00:07:35", "end": "00:07:38", "text": "Drop your thoughts down below in the"}, {"start": "00:07:36", "end": "00:07:40", "text": "comments. Are you still holding Ethereum"}, {"start": "00:07:38", "end": "00:07:42", "text": "or have you completely given up on this"}, {"start": "00:07:40", "end": "00:07:44", "text": "flaming pile of [�__�]"}, {"start": "00:07:42", "end": "00:07:45", "text": "Or is this a flaming pile of [�__�] that's"}, {"start": "00:07:44", "end": "00:07:49", "text": "about to be polished up into something"}, {"start": "00:07:45", "end": "00:07:49", "text": "beautiful? Let's talk about it."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Oh, so you think your portfolio's safe"}, {"start": "00:00:02", "end": "00:00:06", "text": "and diversified just because you own the"}, {"start": "00:00:04", "end": "00:00:07", "text": "S&P 500? I got bad news for you,"}, {"start": "00:00:06", "end": "00:00:09", "text": "sunshine. You're falling into a massive"}, {"start": "00:00:07", "end": "00:00:11", "text": "trap. [music] Stock market concentration"}, {"start": "00:00:09", "end": "00:00:12", "text": "just blasted into extreme historic"}, {"start": "00:00:11", "end": "00:00:14", "text": "territory. The top 10 largest companies"}, {"start": "00:00:12", "end": "00:00:16", "text": "now make up roughly 40% of the entire"}, {"start": "00:00:14", "end": "00:00:18", "text": "S&P 500 [music] index. Cuz I know you"}, {"start": "00:00:16", "end": "00:00:20", "text": "guys are not here buying weighted S&P"}, {"start": "00:00:18", "end": "00:00:21", "text": "500 index funds. No, of course not."}, {"start": "00:00:20", "end": "00:00:23", "text": "You're buying the regular one, the one"}, {"start": "00:00:21", "end": "00:00:25", "text": "that's made up of 40% of 10 stocks. We"}, {"start": "00:00:23", "end": "00:00:27", "text": "have never seen a market this top-heavy"}, {"start": "00:00:25", "end": "00:00:29", "text": "in modern financial history. When you"}, {"start": "00:00:27", "end": "00:00:30", "text": "buy a standard index fund today, you"}, {"start": "00:00:29", "end": "00:00:30", "text": "aren't betting on"}, {"start": "00:00:30", "end": "00:00:31", "text": ">> [music]"}, {"start": "00:00:30", "end": "00:00:34", "text": ">> the broader American economy, you're"}, {"start": "00:00:31", "end": "00:00:35", "text": "betting on 10 companies. It's a tiny"}, {"start": "00:00:34", "end": "00:00:37", "text": "handful of massive tech giants to keep"}, {"start": "00:00:35", "end": "00:00:39", "text": "outperforming. And so far, that's been a"}, {"start": "00:00:37", "end": "00:00:40", "text": "good bet. But if just two or three of"}, {"start": "00:00:39", "end": "00:00:42", "text": "these massive names suffer a battering"}, {"start": "00:00:40", "end": "00:00:44", "text": "as a court, they can drag the entire"}, {"start": "00:00:42", "end": "00:00:45", "text": "market down with them. The meme of"}, {"start": "00:00:44", "end": "00:00:47", "text": "Nvidia literally holding the world on"}, {"start": "00:00:45", "end": "00:00:49", "text": "shoulders is true. Because if Nvidia or"}, {"start": "00:00:47", "end": "00:00:51", "text": "Google start hitting some bad earnings"}, {"start": "00:00:49", "end": "00:00:53", "text": "reports, watch out below. Because"}, {"start": "00:00:51", "end": "00:00:55", "text": "diversification, if you're holding the"}, {"start": "00:00:53", "end": "00:00:57", "text": "S&P 500 non-weighted version, is"}, {"start": "00:00:55", "end": "00:01:00", "text": "basically an illusion right now. So,"}, {"start": "00:00:57", "end": "00:01:00", "text": "manage your risk accordingly."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "The man who controls over 10 trillion"}, {"start": "00:00:01", "end": "00:00:05", "text": "dollars in assets, the master of the"}, {"start": "00:00:03", "end": "00:00:06", "text": "universe himself, Larry Fink, just"}, {"start": "00:00:05", "end": "00:00:08", "text": "admitted that he was completely wrong"}, {"start": "00:00:06", "end": "00:00:10", "text": "about Bitcoin. So, Larry has officially"}, {"start": "00:00:08", "end": "00:00:11", "text": "pulled off one of the greatest U-turns"}, {"start": "00:00:10", "end": "00:00:13", "text": "in financial history. Years ago, he"}, {"start": "00:00:11", "end": "00:00:15", "text": "publicly dismissed Bitcoin, calling it"}, {"start": "00:00:13", "end": "00:00:16", "text": "nothing more than an index for money"}, {"start": "00:00:15", "end": "00:00:18", "text": "launderers, criminals, and thieves. We"}, {"start": "00:00:16", "end": "00:00:20", "text": "trashed Larry when he said that. Fast"}, {"start": "00:00:18", "end": "00:00:22", "text": "forward to today, and he's singing a"}, {"start": "00:00:20", "end": "00:00:23", "text": "completely different tune. [music] Fink"}, {"start": "00:00:22", "end": "00:00:25", "text": "now openly admits that he was wrong,"}, {"start": "00:00:23", "end": "00:00:27", "text": "publicly comparing Bitcoin to digital"}, {"start": "00:00:25", "end": "00:00:28", "text": "gold and calling [music] it a legitimate"}, {"start": "00:00:27", "end": "00:00:30", "text": "international asset. This isn't just a"}, {"start": "00:00:28", "end": "00:00:31", "text": "change of heart, it's a massive"}, {"start": "00:00:30", "end": "00:00:33", "text": "institutional narrative shift, which is"}, {"start": "00:00:31", "end": "00:00:34", "text": "why they launched [music] a Bitcoin ETF"}, {"start": "00:00:33", "end": "00:00:36", "text": "2 years ago. When the world's largest"}, {"start": "00:00:34", "end": "00:00:38", "text": "asset manager stops fighting crypto and"}, {"start": "00:00:36", "end": "00:00:39", "text": "starts buying it for their clients and"}, {"start": "00:00:38", "end": "00:00:40", "text": "selling it to their clients, and it's"}, {"start": "00:00:39", "end": "00:00:43", "text": "been basically one of the most"}, {"start": "00:00:40", "end": "00:00:44", "text": "successful ETFs ever, the old bearish"}, {"start": "00:00:43", "end": "00:00:46", "text": "argument is officially dying. The"}, {"start": "00:00:44", "end": "00:00:47", "text": "institutional wall of money is here to"}, {"start": "00:00:46", "end": "00:00:49", "text": "stay, and it's only going to get [music]"}, {"start": "00:00:47", "end": "00:00:52", "text": "bigger when the Clarity Act passes. Make"}, {"start": "00:00:49", "end": "00:00:54", "text": "sure you're allocated for this eventual"}, {"start": "00:00:52", "end": "00:00:54", "text": "reality."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Why do you even try w with Bitcoin or"}, {"start": "00:00:03", "end": "00:00:08", "text": "Ethereum? What what's your your"}, {"start": "00:00:06", "end": "00:00:11", "text": "comparable analysis to be able to come"}, {"start": "00:00:08", "end": "00:00:13", "text": "up with anything to make predictions"}, {"start": "00:00:11", "end": "00:00:16", "text": "about Bitcoin or Ethereum? There's"}, {"start": "00:00:13", "end": "00:00:19", "text": "there's nothing that you can base it on."}, {"start": "00:00:16", "end": "00:00:22", "text": ">> Breaking news. Michael Sailor sells"}, {"start": "00:00:19", "end": "00:00:25", "text": "their Bitcoin. Oil is surging as the"}, {"start": "00:00:22", "end": "00:00:27", "text": "Iran negotiations comes to a screeching"}, {"start": "00:00:25", "end": "00:00:30", "text": "halt. This combined with the fact that"}, {"start": "00:00:27", "end": "00:00:32", "text": "the banking lobby has officially"}, {"start": "00:00:30", "end": "00:00:35", "text": "declared a war on crypto market"}, {"start": "00:00:32", "end": "00:00:36", "text": "regulation, the Clarity Act, banks will"}, {"start": "00:00:35", "end": "00:00:37", "text": "not accept it."}, {"start": "00:00:36", "end": "00:00:39", "text": ">> What are you going to do about it?"}, {"start": "00:00:37", "end": "00:00:39", "text": ">> We'll fight it. If we lose, we lose and"}, {"start": "00:00:39", "end": "00:00:40", "text": "we'll live."}, {"start": "00:00:39", "end": "00:00:41", "text": ">> Yeah. Okay."}, {"start": "00:00:40", "end": "00:00:43", "text": ">> But it will be fought."}, {"start": "00:00:41", "end": "00:00:47", "text": ">> And yet there are bottom signals"}, {"start": "00:00:43", "end": "00:00:50", "text": "everywhere, especially for altcoins. My"}, {"start": "00:00:47", "end": "00:00:51", "text": "name is Aaron. This is Altcoin Daily. If"}, {"start": "00:00:50", "end": "00:00:54", "text": "you're interested in making money in"}, {"start": "00:00:51", "end": "00:00:56", "text": "crypto, subscribe to the largest crypto"}, {"start": "00:00:54", "end": "00:00:59", "text": "community in the world. Smash the like"}, {"start": "00:00:56", "end": "00:01:02", "text": "button. Send this video to a friend. The"}, {"start": "00:00:59", "end": "00:01:05", "text": "storm has officially arrived. So much is"}, {"start": "00:01:02", "end": "00:01:09", "text": "going on this week that affects you as a"}, {"start": "00:01:05", "end": "00:01:13", "text": "crypto holder. Let me clue you in today."}, {"start": "00:01:09", "end": "00:01:16", "text": "Oil surges back above $100 as Iran ends"}, {"start": "00:01:13", "end": "00:01:19", "text": "negotiations with the US and vows to"}, {"start": "00:01:16", "end": "00:01:23", "text": "block the straight of Hermoose. This is"}, {"start": "00:01:19", "end": "00:01:25", "text": "a major 180. Talk about a turn of events"}, {"start": "00:01:23", "end": "00:01:29", "text": "as exactly nine days ago, President"}, {"start": "00:01:25", "end": "00:01:32", "text": "Trump said a deal with Iran was coming"}, {"start": "00:01:29", "end": "00:01:35", "text": "shortly. Yet today, Iran has abruptly"}, {"start": "00:01:32", "end": "00:01:37", "text": "backed out of all negotiations and has"}, {"start": "00:01:35", "end": "00:01:39", "text": "announced they are blocking the Strait"}, {"start": "00:01:37", "end": "00:01:42", "text": "of Hermoose indefinitely and in fact"}, {"start": "00:01:39", "end": "00:01:45", "text": "blocking both of these key passages"}, {"start": "00:01:42", "end": "00:01:48", "text": "indefinitely. With June of the midterm"}, {"start": "00:01:45", "end": "00:01:51", "text": "year historically being a bad month for"}, {"start": "00:01:48", "end": "00:01:55", "text": "Bitcoin price appreciation, down 37%,"}, {"start": "00:01:51", "end": "00:01:57", "text": "down 14%, up only 2%. One thing is for"}, {"start": "00:01:55", "end": "00:02:00", "text": "sure, it's going to be an eventful"}, {"start": "00:01:57", "end": "00:02:03", "text": "month. And like I said, do not be"}, {"start": "00:02:00", "end": "00:02:05", "text": "fooled. There are major signals that I"}, {"start": "00:02:03", "end": "00:02:07", "text": "need to show you. Historically, when"}, {"start": "00:02:05", "end": "00:02:10", "text": "this bullish cross right here has"}, {"start": "00:02:07", "end": "00:02:13", "text": "occurred and the RSI has bottomed, a"}, {"start": "00:02:10", "end": "00:02:17", "text": "move to new all-time highs has always"}, {"start": "00:02:13", "end": "00:02:20", "text": "followed. Right here, right here, right"}, {"start": "00:02:17", "end": "00:02:22", "text": "here. The reckoning is upon us, guys."}, {"start": "00:02:20", "end": "00:02:23", "text": "Again, smash the like button if you're"}, {"start": "00:02:22", "end": "00:02:26", "text": "getting value today. And with the stock"}, {"start": "00:02:23", "end": "00:02:28", "text": "market just going absolutely crazy,"}, {"start": "00:02:26", "end": "00:02:31", "text": "stocks doing what altcoins should be"}, {"start": "00:02:28", "end": "00:02:34", "text": "doing, the question is why would anyone"}, {"start": "00:02:31", "end": "00:02:38", "text": "buy crypto right now when stocks are"}, {"start": "00:02:34", "end": "00:02:41", "text": "actively doing this? Crypto is extremely"}, {"start": "00:02:38", "end": "00:02:43", "text": "undervalued. And before we continue, let"}, {"start": "00:02:41", "end": "00:02:46", "text": "me take 30 seconds to tell you about"}, {"start": "00:02:43", "end": "00:02:50", "text": "this huge promotion. You can earn free"}, {"start": "00:02:46", "end": "00:02:53", "text": "money anywhere from $54 to $6,500"}, {"start": "00:02:50", "end": "00:02:56", "text": "for free because OKX is partnering with"}, {"start": "00:02:53", "end": "00:03:00", "text": "Ripple to run a deposit match campaign"}, {"start": "00:02:56", "end": "00:03:03", "text": "rewarding eligible US users in RLUSD,"}, {"start": "00:03:00", "end": "00:03:06", "text": "Ripple's USD pegged stablecoin. So, you"}, {"start": "00:03:03", "end": "00:03:09", "text": "deposit anywhere from $10 to $50,000 of"}, {"start": "00:03:06", "end": "00:03:12", "text": "any crypto or fiat and you earn a 4%"}, {"start": "00:03:09", "end": "00:03:17", "text": "match in RLUSD. If you deposit over"}, {"start": "00:03:12", "end": "00:03:19", "text": "$50,000 to $100,000, that unlocks a 6%"}, {"start": "00:03:17", "end": "00:03:23", "text": "match. This is in addition to their"}, {"start": "00:03:19", "end": "00:03:25", "text": "other new user bonus of up to $500."}, {"start": "00:03:23", "end": "00:03:27", "text": "Take advantage of this right now. This"}, {"start": "00:03:25", "end": "00:03:30", "text": "is free money to you. Rewards are paid"}, {"start": "00:03:27", "end": "00:03:33", "text": "out every 14 days over 25 week cycles"}, {"start": "00:03:30", "end": "00:03:36", "text": "and are tradable from day one. This"}, {"start": "00:03:33", "end": "00:03:39", "text": "promotion runs until June 17th. So, sign"}, {"start": "00:03:36", "end": "00:03:41", "text": "up for OKX, earn free money. I've never"}, {"start": "00:03:39", "end": "00:03:44", "text": "seen an exchange promotion this easy and"}, {"start": "00:03:41", "end": "00:03:47", "text": "for this much. Sign up for OKX start"}, {"start": "00:03:44", "end": "00:03:50", "text": "trading free money to you and use my"}, {"start": "00:03:47", "end": "00:03:52", "text": "partner link below for max rewards. Let"}, {"start": "00:03:50", "end": "00:03:55", "text": "me tell you why today is one of your"}, {"start": "00:03:52", "end": "00:03:57", "text": "final chances for great entries into"}, {"start": "00:03:55", "end": "00:04:00", "text": "this asset class. First of all, right"}, {"start": "00:03:57", "end": "00:04:03", "text": "here, this is the perfect backdrop for"}, {"start": "00:04:00", "end": "00:04:06", "text": "crypto to rally hard. Breaking US"}, {"start": "00:04:03", "end": "00:04:10", "text": "manufacturing just came in hot. the ISM,"}, {"start": "00:04:06", "end": "00:04:13", "text": "PMI, the business cycle hit 54 when the"}, {"start": "00:04:10", "end": "00:04:15", "text": "expected number was 53, which it hit 53"}, {"start": "00:04:13", "end": "00:04:19", "text": "the prior four months, and now we're at"}, {"start": "00:04:15", "end": "00:04:21", "text": "54. It is projected to go even higher."}, {"start": "00:04:19", "end": "00:04:24", "text": "And keep in mind, this is the highest"}, {"start": "00:04:21", "end": "00:04:26", "text": "ISM manufacturing reading in four years."}, {"start": "00:04:24", "end": "00:04:30", "text": "Demand for manufactured goods is"}, {"start": "00:04:26", "end": "00:04:32", "text": "accelerating. Every alt season aligns"}, {"start": "00:04:30", "end": "00:04:35", "text": "with business cycle expansion. Today's"}, {"start": "00:04:32", "end": "00:04:38", "text": "ISM data says that's exactly where we're"}, {"start": "00:04:35", "end": "00:04:40", "text": "headed. Stocks are already responding."}, {"start": "00:04:38", "end": "00:04:42", "text": "Crypto hasn't yet, but when it does,"}, {"start": "00:04:40", "end": "00:04:45", "text": "it's going to be biblical. Do you"}, {"start": "00:04:42", "end": "00:04:47", "text": "understand how undervalued Bitcoin and"}, {"start": "00:04:45", "end": "00:04:50", "text": "crypto is compared to every other asset"}, {"start": "00:04:47", "end": "00:04:52", "text": "on Earth? Everything is at all-time"}, {"start": "00:04:50", "end": "00:04:55", "text": "highs except Bitcoin. But here's what"}, {"start": "00:04:52", "end": "00:04:57", "text": "most people are ignoring. We've already"}, {"start": "00:04:55", "end": "00:05:00", "text": "seen global equities rally, metals"}, {"start": "00:04:57", "end": "00:05:03", "text": "rally, oil rally, and even effing"}, {"start": "00:05:00", "end": "00:05:05", "text": "potatoes go parabolic. The only asset"}, {"start": "00:05:03", "end": "00:05:08", "text": "class that is really undervalued right"}, {"start": "00:05:05", "end": "00:05:12", "text": "now is crypto. And money usually rotates"}, {"start": "00:05:08", "end": "00:05:15", "text": "from overvalued to still undervalued."}, {"start": "00:05:12", "end": "00:05:18", "text": "And if that happens, the crypto catchup"}, {"start": "00:05:15", "end": "00:05:20", "text": "rally will be absolutely violent. Smash"}, {"start": "00:05:18", "end": "00:05:22", "text": "the like button if you're getting value"}, {"start": "00:05:20", "end": "00:05:26", "text": "in today's video. Tom Lee has been under"}, {"start": "00:05:22", "end": "00:05:28", "text": "a lot of fire lately as to why crypto"}, {"start": "00:05:26", "end": "00:05:30", "text": "isn't performing like the rest of the"}, {"start": "00:05:28", "end": "00:05:33", "text": "market. CNBC host Joe Kernan holds Tom"}, {"start": "00:05:30", "end": "00:05:37", "text": "Lee's feet to the fire in this clip and"}, {"start": "00:05:33", "end": "00:05:40", "text": "makes Tom fully explain the Bitcoin and"}, {"start": "00:05:37", "end": "00:05:42", "text": "Ethereum bullcase from here in less than"}, {"start": "00:05:40", "end": "00:05:44", "text": "3 minutes saying I think there are"}, {"start": "00:05:42", "end": "00:05:46", "text": "people rage quitting selling here as if"}, {"start": "00:05:44", "end": "00:05:49", "text": "something is wrong. That always happens"}, {"start": "00:05:46", "end": "00:05:52", "text": "at the end of crypto winter. Bitcoin and"}, {"start": "00:05:49", "end": "00:05:54", "text": "Ethereum really are the future of money"}, {"start": "00:05:52", "end": "00:05:56", "text": "explained in less than 3 minutes."}, {"start": "00:05:54", "end": "00:05:58", "text": ">> You know, on the one hand, crypto's been"}, {"start": "00:05:56", "end": "00:06:00", "text": "disappointing because crypto should move"}, {"start": "00:05:58", "end": "00:06:02", "text": "with equity markets and it should be"}, {"start": "00:06:00", "end": "00:06:04", "text": "rallying with software. Software has"}, {"start": "00:06:02", "end": "00:06:07", "text": "really started to rally big and crypto"}, {"start": "00:06:04", "end": "00:06:09", "text": "hasn't moved. Um, so I think there are"}, {"start": "00:06:07", "end": "00:06:12", "text": "what what I call quote rage quitting."}, {"start": "00:06:09", "end": "00:06:15", "text": "People selling here as if something is"}, {"start": "00:06:12", "end": "00:06:16", "text": "wrong. I mean, one I think that's what"}, {"start": "00:06:15", "end": "00:06:18", "text": "always happens at the end of crypto"}, {"start": "00:06:16", "end": "00:06:21", "text": "winner. You know, if someone asked me,"}, {"start": "00:06:18", "end": "00:06:23", "text": "is the thesis for Bitcoin or Ethereum"}, {"start": "00:06:21", "end": "00:06:25", "text": "broken? You know, it's absolutely not"}, {"start": "00:06:23", "end": "00:06:27", "text": "because one, the more work we do, and"}, {"start": "00:06:25", "end": "00:06:28", "text": "we're hearing it from founders like"}, {"start": "00:06:27", "end": "00:06:31", "text": "Palanteer,"}, {"start": "00:06:28", "end": "00:06:33", "text": "Bitcoin and Ethereum are really the"}, {"start": "00:06:31", "end": "00:06:35", "text": "future of money because mass and compute"}, {"start": "00:06:33", "end": "00:06:37", "text": "or comput and energy, however Elon puts"}, {"start": "00:06:35", "end": "00:06:39", "text": "it, really are what's scarce. And you're"}, {"start": "00:06:37", "end": "00:06:42", "text": "going to need to control agent systems."}, {"start": "00:06:39", "end": "00:06:44", "text": "And as age AI systems evolve, right,"}, {"start": "00:06:42", "end": "00:06:46", "text": "we're now talking about using commerce"}, {"start": "00:06:44", "end": "00:06:48", "text": "and operating websites. You need"}, {"start": "00:06:46", "end": "00:06:51", "text": "decentralized identity and verification."}, {"start": "00:06:48", "end": "00:06:53", "text": "That's really what crypto does. And we"}, {"start": "00:06:51", "end": "00:06:56", "text": "know Wall Street wants to go towards"}, {"start": "00:06:53", "end": "00:06:58", "text": "tokenization. It's a vast improvement in"}, {"start": "00:06:56", "end": "00:07:01", "text": "efficiency of the of actually how money"}, {"start": "00:06:58", "end": "00:07:03", "text": "moves and it's an innovation. Well, that"}, {"start": "00:07:01", "end": "00:07:06", "text": "only happens on Bitcoin and Ethereum and"}, {"start": "00:07:03", "end": "00:07:09", "text": "other smart contracts. So the future"}, {"start": "00:07:06", "end": "00:07:12", "text": "isn't changed but the spotlight today is"}, {"start": "00:07:09", "end": "00:07:14", "text": "of course on semis memory starting on"}, {"start": "00:07:12", "end": "00:07:16", "text": "software but as as people focus"}, {"start": "00:07:14", "end": "00:07:17", "text": "downstream into the future that's really"}, {"start": "00:07:16", "end": "00:07:18", "text": "I think when the bid comes for bitcoin"}, {"start": "00:07:17", "end": "00:07:22", "text": "and ethereum"}, {"start": "00:07:18", "end": "00:07:26", "text": ">> why do you even try w with bitcoin or"}, {"start": "00:07:22", "end": "00:07:28", "text": "ethere what what's your your comparable"}, {"start": "00:07:26", "end": "00:07:30", "text": "analysis to be able to come up with"}, {"start": "00:07:28", "end": "00:07:32", "text": "anything to make predictions about"}, {"start": "00:07:30", "end": "00:07:34", "text": "bitcoin or ethereum there's there's"}, {"start": "00:07:32", "end": "00:07:36", "text": "nothing that you can base it on Tom"}, {"start": "00:07:34", "end": "00:07:38", "text": "except maybe"}, {"start": "00:07:36", "end": "00:07:42", "text": "psychology or sentiment or something."}, {"start": "00:07:38", "end": "00:07:44", "text": ">> Yeah. Um well there's yeah actually uh"}, {"start": "00:07:42", "end": "00:07:46", "text": "market sentiment is plays a huge role"}, {"start": "00:07:44", "end": "00:07:49", "text": "because it's sort of essentially risk"}, {"start": "00:07:46", "end": "00:07:52", "text": "premia but there are two uh proven ways"}, {"start": "00:07:49", "end": "00:07:55", "text": "to value um crypto. One of course is"}, {"start": "00:07:52", "end": "00:07:57", "text": "just network usage because wallets and"}, {"start": "00:07:55", "end": "00:07:59", "text": "activity per wallet still explain like"}, {"start": "00:07:57", "end": "00:08:02", "text": "even now 87% of the rise of bitcoin. So,"}, {"start": "00:07:59", "end": "00:08:03", "text": "as long as more people use it and"}, {"start": "00:08:02", "end": "00:08:04", "text": "they're transacting it, the value of"}, {"start": "00:08:03", "end": "00:08:07", "text": "Bitcoin should go up. It's a network"}, {"start": "00:08:04", "end": "00:08:09", "text": "effect. And the second is the umbrella"}, {"start": "00:08:07", "end": "00:08:12", "text": "value of gold. You know, gold at when it"}, {"start": "00:08:09", "end": "00:08:14", "text": "hits 5,000,"}, {"start": "00:08:12", "end": "00:08:16", "text": "if Bitcoin had the same network value as"}, {"start": "00:08:14", "end": "00:08:18", "text": "gold, and gold is not as scarce as"}, {"start": "00:08:16", "end": "00:08:21", "text": "Bitcoin, that would put Bitcoin at"}, {"start": "00:08:18", "end": "00:08:23", "text": "around 2 million. So, to me,"}, {"start": "00:08:21", "end": "00:08:24", "text": ">> I think there's still two ways to look"}, {"start": "00:08:23", "end": "00:08:26", "text": "at the value. And of course for"}, {"start": "00:08:24", "end": "00:08:28", "text": "Ethereum,"}, {"start": "00:08:26", "end": "00:08:30", "text": "it's been shown for every dollar of"}, {"start": "00:08:28", "end": "00:08:34", "text": "tokenized assets, you know, tokenized"}, {"start": "00:08:30", "end": "00:08:37", "text": "dollars or others, it's created $1 value"}, {"start": "00:08:34", "end": "00:08:39", "text": "for it for for ETH, the coin. So if you"}, {"start": "00:08:37", "end": "00:08:41", "text": "believe Wall Street's going to tokenize,"}, {"start": "00:08:39", "end": "00:08:43", "text": "Ethereum's price should go up a lot. And"}, {"start": "00:08:41", "end": "00:08:46", "text": "yet another big reason why Bitcoin is"}, {"start": "00:08:43", "end": "00:08:49", "text": "down today is because today Michael"}, {"start": "00:08:46", "end": "00:08:51", "text": "Sailor's strategy has finally sold some"}, {"start": "00:08:49", "end": "00:08:53", "text": "of their Bitcoin. The market is taking"}, {"start": "00:08:51", "end": "00:08:56", "text": "this news totally wrong. They don't"}, {"start": "00:08:53", "end": "00:08:58", "text": "understand how selling such a tiny"}, {"start": "00:08:56", "end": "00:09:01", "text": "amount of their Bitcoin actually helps"}, {"start": "00:08:58", "end": "00:09:03", "text": "them accumulate way more Bitcoin. This"}, {"start": "00:09:01", "end": "00:09:05", "text": "is a net positive. Michael Sailor has"}, {"start": "00:09:03", "end": "00:09:07", "text": "explained this many times before."}, {"start": "00:09:05", "end": "00:09:08", "text": ">> I think that in these periods, even if"}, {"start": "00:09:07", "end": "00:09:11", "text": "we were to sell one Bitcoin, we'd be"}, {"start": "00:09:08", "end": "00:09:13", "text": "buying 10 to 20 more Bitcoin. So, you're"}, {"start": "00:09:11", "end": "00:09:16", "text": "really talking about a situation where"}, {"start": "00:09:13", "end": "00:09:19", "text": "we buy 10 Bitcoin, sell one Bitcoin, buy"}, {"start": "00:09:16", "end": "00:09:20", "text": "nine net Bitcoin, and continue to create"}, {"start": "00:09:19", "end": "00:09:23", "text": "Bitcoin. It's it it should be a"}, {"start": "00:09:20", "end": "00:09:25", "text": "non-issue after people understand it,"}, {"start": "00:09:23", "end": "00:09:26", "text": "but right now it's a colorful area of"}, {"start": "00:09:25", "end": "00:09:28", "text": "commentary."}, {"start": "00:09:26", "end": "00:09:31", "text": ">> Is it possible for you to comment how do"}, {"start": "00:09:28", "end": "00:09:34", "text": "you sell one bitcoin and buy 10?"}, {"start": "00:09:31", "end": "00:09:37", "text": ">> Yeah, so the number one bitcoin"}, {"start": "00:09:34", "end": "00:09:42", "text": "accretion engine is stretch. Uh we sold"}, {"start": "00:09:37", "end": "00:09:45", "text": "$3.2 billion of STRC in uh April. So we"}, {"start": "00:09:42", "end": "00:09:49", "text": "bought $3.2 billion of Bitcoin. The"}, {"start": "00:09:45", "end": "00:09:51", "text": "dividend is about 80 to 90 million."}, {"start": "00:09:49", "end": "00:09:54", "text": "So in the month when we're raising three"}, {"start": "00:09:51", "end": "00:09:57", "text": "billion, we're we need to come up with"}, {"start": "00:09:54", "end": "00:10:00", "text": "uh 80 or 90 million to pay the dividend."}, {"start": "00:09:57", "end": "00:10:03", "text": "So you would be in essence, you would be"}, {"start": "00:10:00", "end": "00:10:05", "text": "buying 30 Bitcoin, selling one Bitcoin."}, {"start": "00:10:03", "end": "00:10:07", "text": "If I was being more precise, I say never"}, {"start": "00:10:05", "end": "00:10:09", "text": "be a net seller of Bitcoin. It just"}, {"start": "00:10:07", "end": "00:10:12", "text": "wouldn't have been so viral or so catchy"}, {"start": "00:10:09", "end": "00:10:13", "text": "to say never be a net seller of Bitcoin."}, {"start": "00:10:12", "end": "00:10:15", "text": ">> And talk about bottom signals. Now we"}, {"start": "00:10:13", "end": "00:10:17", "text": "have Mark Cuban has sold, Sailor has"}, {"start": "00:10:15", "end": "00:10:20", "text": "sold, Black Rockck has sold, Willie Woo"}, {"start": "00:10:17", "end": "00:10:22", "text": "has sold, David Hoffman has sold. Who"}, {"start": "00:10:20", "end": "00:10:24", "text": "else is starting to get kind of bullish?"}, {"start": "00:10:22", "end": "00:10:27", "text": "And the other piece of news that really"}, {"start": "00:10:24", "end": "00:10:29", "text": "scared the market today is that the"}, {"start": "00:10:27", "end": "00:10:33", "text": "banking lobby has officially declared"}, {"start": "00:10:29", "end": "00:10:35", "text": "its opposition war on the Crypto Clarity"}, {"start": "00:10:33", "end": "00:10:37", "text": "Act. In fact, JP Morgan CEO Jamie"}, {"start": "00:10:35", "end": "00:10:39", "text": "Diamond went on national television this"}, {"start": "00:10:37", "end": "00:10:41", "text": "week and promised to fight the bill,"}, {"start": "00:10:39", "end": "00:10:43", "text": "saying the banks just will not accept"}, {"start": "00:10:41", "end": "00:10:44", "text": "it. Are you happy with the way the"}, {"start": "00:10:43", "end": "00:10:45", "text": "Clarity Act is turning out?"}, {"start": "00:10:44", "end": "00:10:46", "text": ">> No."}, {"start": "00:10:45", "end": "00:10:46", "text": ">> I mean, what are you going to do about"}, {"start": "00:10:46", "end": "00:10:48", "text": "it?"}, {"start": "00:10:46", "end": "00:10:49", "text": ">> It is. We'll fight it. If we lose, we"}, {"start": "00:10:48", "end": "00:10:49", "text": "lose and we'll live."}, {"start": "00:10:49", "end": "00:10:51", "text": ">> Yeah. Okay."}, {"start": "00:10:49", "end": "00:10:53", "text": ">> But it will be fought. This will not be"}, {"start": "00:10:51", "end": "00:10:55", "text": "that No, no one's going to bow down to"}, {"start": "00:10:53", "end": "00:10:57", "text": "this guy, okay, or that company."}, {"start": "00:10:55", "end": "00:11:00", "text": ">> So, not only do we know that JP Morgan"}, {"start": "00:10:57", "end": "00:11:02", "text": "is secretly bullish on crypto, we know"}, {"start": "00:11:00", "end": "00:11:04", "text": "that the Clarity Act is looking like it"}, {"start": "00:11:02", "end": "00:11:06", "text": "could pass before midterms. Most people"}, {"start": "00:11:04", "end": "00:11:08", "text": "are pricing this into the market as if"}, {"start": "00:11:06", "end": "00:11:10", "text": "this isn't going to pass. If you listen"}, {"start": "00:11:08", "end": "00:11:12", "text": "to what people in the room are saying on"}, {"start": "00:11:10", "end": "00:11:15", "text": "whether it will pass, they say they feel"}, {"start": "00:11:12", "end": "00:11:17", "text": "good about it. Coinbase Exec says crypto"}, {"start": "00:11:15", "end": "00:11:20", "text": "has interestingly become the most"}, {"start": "00:11:17", "end": "00:11:21", "text": "bipartisan issue in Washington and this"}, {"start": "00:11:20", "end": "00:11:24", "text": "will be the biggest financial regulatory"}, {"start": "00:11:21", "end": "00:11:27", "text": "common sense bill since DoddFrank."}, {"start": "00:11:24", "end": "00:11:29", "text": ">> You say that this is crypto's DoddFrank"}, {"start": "00:11:27", "end": "00:11:31", "text": "moment. What do you mean by that?"}, {"start": "00:11:29", "end": "00:11:33", "text": ">> Well, this will be actually the biggest"}, {"start": "00:11:31", "end": "00:11:34", "text": "financial regulatory bill the Congress"}, {"start": "00:11:33", "end": "00:11:36", "text": "has done in quite some time, certainly"}, {"start": "00:11:34", "end": "00:11:38", "text": "since DoddFrank. But what this does"}, {"start": "00:11:36", "end": "00:11:41", "text": "actually is it creates clarity for the"}, {"start": "00:11:38", "end": "00:11:43", "text": "crypto sector. But interestingly, you"}, {"start": "00:11:41", "end": "00:11:45", "text": "know, notwithstanding the concerns from"}, {"start": "00:11:43", "end": "00:11:47", "text": "the banks, it actually creates an a"}, {"start": "00:11:45", "end": "00:11:49", "text": "broad range of new powers for the banks."}, {"start": "00:11:47", "end": "00:11:51", "text": "In fact, this will be the first piece of"}, {"start": "00:11:49", "end": "00:11:54", "text": "legislation since the '9s that gives the"}, {"start": "00:11:51", "end": "00:11:56", "text": "banks new authorization uh to get into"}, {"start": "00:11:54", "end": "00:11:58", "text": "the crypto space. I know JP Morgan wants"}, {"start": "00:11:56", "end": "00:12:00", "text": "to get into it. Every other big bank"}, {"start": "00:11:58", "end": "00:12:02", "text": "wants to get into the crypto sector. We"}, {"start": "00:12:00", "end": "00:12:04", "text": "are welcome their entry. We work with"}, {"start": "00:12:02", "end": "00:12:06", "text": "many of them in helping them build the"}, {"start": "00:12:04", "end": "00:12:08", "text": "services that they want to offer their"}, {"start": "00:12:06", "end": "00:12:09", "text": "customers. So, it's a big important"}, {"start": "00:12:08", "end": "00:12:12", "text": "piece of legislation. It's"}, {"start": "00:12:09", "end": "00:12:13", "text": "transformational in its nature and you"}, {"start": "00:12:12", "end": "00:12:14", "text": "know and we're very very close to"}, {"start": "00:12:13", "end": "00:12:15", "text": "getting it done."}, {"start": "00:12:14", "end": "00:12:16", "text": ">> How confident are you that it's going to"}, {"start": "00:12:15", "end": "00:12:18", "text": "pass the Senate?"}, {"start": "00:12:16", "end": "00:12:21", "text": ">> Look, I feel very good about it. I think"}, {"start": "00:12:18", "end": "00:12:22", "text": "the Republican caucus is pretty unified."}, {"start": "00:12:21", "end": "00:12:24", "text": "The president's been putting his"}, {"start": "00:12:22", "end": "00:12:26", "text": "shoulder uh into this and there's a very"}, {"start": "00:12:24", "end": "00:12:28", "text": "large group of Democrats who want to get"}, {"start": "00:12:26", "end": "00:12:31", "text": "this done. We got about 80 Democrats in"}, {"start": "00:12:28", "end": "00:12:33", "text": "the House who voted for this. Uh, and I"}, {"start": "00:12:31", "end": "00:12:36", "text": "think we'll get a proportional number in"}, {"start": "00:12:33", "end": "00:12:38", "text": "the Senate. Um, crypto, interestingly,"}, {"start": "00:12:36", "end": "00:12:40", "text": "has actually become the most bipartisan"}, {"start": "00:12:38", "end": "00:12:42", "text": "issue in Washington. It was probably the"}, {"start": "00:12:40", "end": "00:12:45", "text": "singular bipartisan achievement of last"}, {"start": "00:12:42", "end": "00:12:47", "text": "year, and I think clarity will be the"}, {"start": "00:12:45", "end": "00:12:49", "text": "big bipartisan achievement of 2026 going"}, {"start": "00:12:47", "end": "00:12:49", "text": "into the midterms, and that's pretty"}, {"start": "00:12:49", "end": "00:12:52", "text": "exciting."}, {"start": "00:12:49", "end": "00:12:55", "text": ">> Bitcoin dominance looks ready to dump"}, {"start": "00:12:52", "end": "00:12:58", "text": "hard. This will send alts higher."}, {"start": "00:12:55", "end": "00:13:01", "text": "Ethereum looks exactly like the last"}, {"start": "00:12:58", "end": "00:13:03", "text": "bottom. Last time people called it dead,"}, {"start": "00:13:01", "end": "00:13:05", "text": "a year later, Ethereum was trading three"}, {"start": "00:13:03", "end": "00:13:08", "text": "times higher. Think about the"}, {"start": "00:13:05", "end": "00:13:10", "text": "opportunity. And it's not just Ethereum."}, {"start": "00:13:08", "end": "00:13:13", "text": "Altcoin dominance is now attempting to"}, {"start": "00:13:10", "end": "00:13:15", "text": "reclaim the longerterm moving average,"}, {"start": "00:13:13", "end": "00:13:18", "text": "the yellow line, for the first time"}, {"start": "00:13:15", "end": "00:13:22", "text": "since October of 2022 as the golden"}, {"start": "00:13:18", "end": "00:13:25", "text": "cross looms in September of 2026, which"}, {"start": "00:13:22", "end": "00:13:29", "text": "it pumped into the prior two times back"}, {"start": "00:13:25", "end": "00:13:31", "text": "in 2016 and 2020. Altcoins are looking"}, {"start": "00:13:29", "end": "00:13:33", "text": "bullish for the first time in a long"}, {"start": "00:13:31", "end": "00:13:36", "text": "time. This is turning into a big week"}, {"start": "00:13:33", "end": "00:13:38", "text": "and a big month for crypto. So, make"}, {"start": "00:13:36", "end": "00:13:40", "text": "sure you follow along. My name is Aaron"}, {"start": "00:13:38", "end": "00:13:43", "text": "at Altcoin Daily. I will see you"}, {"start": "00:13:40", "end": "00:13:43", "text": "tomorrow my"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "So, are you happy with the way the"}, {"start": "00:00:01", "end": "00:00:03", "text": "Clarity Act is turning out?"}, {"start": "00:00:02", "end": "00:00:05", "text": ">> No."}, {"start": "00:00:03", "end": "00:00:07", "text": "No, because it it it it allows them to"}, {"start": "00:00:05", "end": "00:00:09", "text": "put effectively pay interest on"}, {"start": "00:00:07", "end": "00:00:11", "text": "deposits, stable coins, or something"}, {"start": "00:00:09", "end": "00:00:12", "text": "like that without the protection that"}, {"start": "00:00:11", "end": "00:00:14", "text": "they should have, and it doesn't do"}, {"start": "00:00:12", "end": "00:00:16", "text": "anything for MLB SA. It has almost no"}, {"start": "00:00:14", "end": "00:00:18", "text": "legal protections. So, no, it's the"}, {"start": "00:00:16", "end": "00:00:19", "text": "banks are will not accept it that way."}, {"start": "00:00:18", "end": "00:00:21", "text": ">> They want to keep it"}, {"start": "00:00:19", "end": "00:00:23", "text": ">> the ABA, the small banks, the credit"}, {"start": "00:00:21", "end": "00:00:25", "text": "unions, not just the big guys. I'm not"}, {"start": "00:00:23", "end": "00:00:27", "text": "worried about stable coin, but"}, {"start": "00:00:25", "end": "00:00:28", "text": "if it happened, I'm telling you I would"}, {"start": "00:00:27", "end": "00:00:30", "text": "have nothing to do with it, and it would"}, {"start": "00:00:28", "end": "00:00:32", "text": "eventually blow up in its own. Okay, but"}, {"start": "00:00:30", "end": "00:00:34", "text": "that's my personal thing, but I do"}, {"start": "00:00:32", "end": "00:00:34", "text": "understand the concern of all the other"}, {"start": "00:00:34", "end": "00:00:36", "text": "banks. So,"}, {"start": "00:00:34", "end": "00:00:37", "text": ">> Well, the markup is coming. I mean, what"}, {"start": "00:00:36", "end": "00:00:38", "text": "are you going to do about it?"}, {"start": "00:00:37", "end": "00:00:39", "text": ">> It is We'll fight it. If we lose, we"}, {"start": "00:00:38", "end": "00:00:40", "text": "lose, and we'll live."}, {"start": "00:00:39", "end": "00:00:42", "text": ">> Okay."}, {"start": "00:00:40", "end": "00:00:43", "text": ">> will be fought. This will not be the no"}, {"start": "00:00:42", "end": "00:00:46", "text": "the no one's going to bow down to this"}, {"start": "00:00:43", "end": "00:00:48", "text": "guy, okay, or that company. And but he's"}, {"start": "00:00:46", "end": "00:00:49", "text": "the only one, and he's spending hundreds"}, {"start": "00:00:48", "end": "00:00:50", "text": "of millions of dollars on in Washington"}, {"start": "00:00:49", "end": "00:00:52", "text": "this thing."}, {"start": "00:00:50", "end": "00:00:52", "text": ">> He said he's he's representing the whole"}, {"start": "00:00:52", "end": "00:00:55", "text": "industry."}, {"start": "00:00:52", "end": "00:00:56", "text": ">> of"}, {"start": "00:00:55", "end": "00:00:57", "text": ">> Well,"}, {"start": "00:00:56", "end": "00:00:59", "text": "um we're going to watch that one."}, {"start": "00:00:57", "end": "00:00:59", "text": ">> Yeah."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "I have confidence that Congress will uh"}, {"start": "00:00:02", "end": "00:00:06", "text": "adopt the uh Clarity Act."}, {"start": "00:00:05", "end": "00:00:07", "text": ">> So, are you happy with the way the"}, {"start": "00:00:06", "end": "00:00:09", "text": "Clarity Act is turning out?"}, {"start": "00:00:07", "end": "00:00:10", "text": ">> No. And that the president will be able"}, {"start": "00:00:09", "end": "00:00:11", "text": "to sign it."}, {"start": "00:00:10", "end": "00:00:11", "text": ">> I mean, what are you going to do about"}, {"start": "00:00:11", "end": "00:00:12", "text": "it?"}, {"start": "00:00:11", "end": "00:00:14", "text": ">> It is. We'll fight it. If we lose, we"}, {"start": "00:00:12", "end": "00:00:14", "text": "lose and we'll live."}, {"start": "00:00:14", "end": "00:00:15", "text": ">> Okay."}, {"start": "00:00:14", "end": "00:00:19", "text": ">> But it will be fought."}, {"start": "00:00:15", "end": "00:00:20", "text": ">> The CEO of JP Morgan Chase is mad."}, {"start": "00:00:19", "end": "00:00:23", "text": ">> No, no one's going to bow down to this"}, {"start": "00:00:20", "end": "00:00:24", "text": "guy, okay? Or that company. And but he's"}, {"start": "00:00:23", "end": "00:00:27", "text": "the only one."}, {"start": "00:00:24", "end": "00:00:29", "text": ">> He is lashing out. He rips Coinbase CEO"}, {"start": "00:00:27", "end": "00:00:30", "text": "Brian Armstrong. escalates fight over"}, {"start": "00:00:29", "end": "00:00:32", "text": "the crypto bill."}, {"start": "00:00:30", "end": "00:00:35", "text": ">> He said he's he's representing the whole"}, {"start": "00:00:32", "end": "00:00:35", "text": "ind."}, {"start": "00:00:35", "end": "00:00:37", "text": ">> Well,"}, {"start": "00:00:35", "end": "00:00:40", "text": ">> and you know the crypto bill must be"}, {"start": "00:00:37", "end": "00:00:41", "text": "good, must be great. If Jamie Diamond is"}, {"start": "00:00:40", "end": "00:00:43", "text": "fighting this hard, I"}, {"start": "00:00:41", "end": "00:00:45", "text": ">> do believe that if the bill passes, the"}, {"start": "00:00:43", "end": "00:00:46", "text": "winter's over. You will see prices"}, {"start": "00:00:45", "end": "00:00:47", "text": "skyrocket."}, {"start": "00:00:46", "end": "00:00:49", "text": ">> As a reminder, it passed out of the"}, {"start": "00:00:47", "end": "00:00:51", "text": "Senate Banking Committee about a week"}, {"start": "00:00:49", "end": "00:00:53", "text": "ago, 10 days ago. It now goes to a vote"}, {"start": "00:00:51", "end": "00:00:55", "text": "on the full Senate floor in the next"}, {"start": "00:00:53", "end": "00:00:58", "text": "two-ish weeks. The chair of the SEC on"}, {"start": "00:00:55", "end": "00:00:59", "text": "Fox Business just gave his updated"}, {"start": "00:00:58", "end": "00:01:01", "text": "thoughts on crypto. The Clarity Act will"}, {"start": "00:00:59", "end": "00:01:04", "text": "share this with you. But as the Bitcoin"}, {"start": "00:01:01", "end": "00:01:07", "text": "price plunges lower, plunges back to the"}, {"start": "00:01:04", "end": "00:01:09", "text": "bottom of our upward channel. Altcoin"}, {"start": "00:01:07", "end": "00:01:11", "text": "Daily subscribers understood. We're"}, {"start": "00:01:09", "end": "00:01:13", "text": "ready for something like this. Let's"}, {"start": "00:01:11", "end": "00:01:15", "text": "talk what's next for Bitcoin. And here's"}, {"start": "00:01:13", "end": "00:01:17", "text": "the full clip from Fox Business this"}, {"start": "00:01:15", "end": "00:01:18", "text": "morning. Let's watch then react."}, {"start": "00:01:17", "end": "00:01:19", "text": ">> So, are you happy with the way the"}, {"start": "00:01:18", "end": "00:01:22", "text": "Clarity Act is turning out?"}, {"start": "00:01:19", "end": "00:01:25", "text": ">> No. No. because it it it it allows them"}, {"start": "00:01:22", "end": "00:01:26", "text": "to effectively pay interest on deposits,"}, {"start": "00:01:25", "end": "00:01:28", "text": "stable coins or something like that"}, {"start": "00:01:26", "end": "00:01:30", "text": "without the protection that they should"}, {"start": "00:01:28", "end": "00:01:32", "text": "have. And it doesn't do anything for"}, {"start": "00:01:30", "end": "00:01:34", "text": "MLBSA. It has almost no legal"}, {"start": "00:01:32", "end": "00:01:35", "text": "protections. So, no, it's the banks will"}, {"start": "00:01:34", "end": "00:01:36", "text": "not accept it that way."}, {"start": "00:01:35", "end": "00:01:38", "text": ">> They won't."}, {"start": "00:01:36", "end": "00:01:40", "text": ">> And the ABA, the small banks, the credit"}, {"start": "00:01:38", "end": "00:01:43", "text": "unions, it's not just the big guys. I'm"}, {"start": "00:01:40", "end": "00:01:44", "text": "not worried about stable coin, but if it"}, {"start": "00:01:43", "end": "00:01:45", "text": "happened, I'm telling you, I would have"}, {"start": "00:01:44", "end": "00:01:47", "text": "nothing to do with it and it would"}, {"start": "00:01:45", "end": "00:01:50", "text": "eventually blow up on its own. Okay? But"}, {"start": "00:01:47", "end": "00:01:51", "text": "that's my personal thing. But I do"}, {"start": "00:01:50", "end": "00:01:51", "text": "understand the concern of all the other"}, {"start": "00:01:51", "end": "00:01:53", "text": "banks. So,"}, {"start": "00:01:51", "end": "00:01:54", "text": ">> well, the markup is coming. I mean, what"}, {"start": "00:01:53", "end": "00:01:55", "text": "are you going to do about it?"}, {"start": "00:01:54", "end": "00:01:56", "text": ">> It is. We'll fight it. If we lose, we"}, {"start": "00:01:55", "end": "00:01:57", "text": "lose and we'll live."}, {"start": "00:01:56", "end": "00:01:59", "text": ">> Yeah. Okay."}, {"start": "00:01:57", "end": "00:02:01", "text": ">> But it will be fought. This will not be"}, {"start": "00:01:59", "end": "00:02:03", "text": "No, no one's going to bow down to this"}, {"start": "00:02:01", "end": "00:02:05", "text": "guy, okay? Or that company. And but he's"}, {"start": "00:02:03", "end": "00:02:06", "text": "the only one. And he's spending hundreds"}, {"start": "00:02:05", "end": "00:02:08", "text": "of millions of dollars in Washington in"}, {"start": "00:02:06", "end": "00:02:12", "text": "this thing."}, {"start": "00:02:08", "end": "00:02:14", "text": ">> He said he's he's representing the whole"}, {"start": "00:02:12", "end": "00:02:17", "text": ">> Well, um, we're going to watch that one."}, {"start": "00:02:14", "end": "00:02:20", "text": ">> Yeah. Now, this was this is a recent"}, {"start": "00:02:17", "end": "00:02:22", "text": "clip. This was at the 2026 Reagan"}, {"start": "00:02:20", "end": "00:02:24", "text": "National Economic Forum yesterday and"}, {"start": "00:02:22", "end": "00:02:26", "text": "today. Now that we are waiting a full"}, {"start": "00:02:24", "end": "00:02:29", "text": "Senate vote for the legislation, what"}, {"start": "00:02:26", "end": "00:02:31", "text": "comes next is the following. Negotiators"}, {"start": "00:02:29", "end": "00:02:34", "text": "from the Senate Banking Committee and"}, {"start": "00:02:31", "end": "00:02:36", "text": "the Agricultural Committees have to"}, {"start": "00:02:34", "end": "00:02:38", "text": "merge. They have to reconcile reconcile"}, {"start": "00:02:36", "end": "00:02:41", "text": "their versions into a single unified"}, {"start": "00:02:38", "end": "00:02:44", "text": "Senate text. This will get voted in the"}, {"start": "00:02:41", "end": "00:02:46", "text": "Senate most likely June or July 2026."}, {"start": "00:02:44", "end": "00:02:49", "text": "That's the window. And then if passed in"}, {"start": "00:02:46", "end": "00:02:51", "text": "the Senate and then reapproved"}, {"start": "00:02:49", "end": "00:02:53", "text": "in the House, it then goes to the"}, {"start": "00:02:51", "end": "00:02:55", "text": "president's desk to sign. And I know"}, {"start": "00:02:53", "end": "00:02:57", "text": "there's still negative sentiment in the"}, {"start": "00:02:55", "end": "00:03:00", "text": "crypto market. If we look at the Bitcoin"}, {"start": "00:02:57", "end": "00:03:01", "text": "fear fear and greed index, we're still"}, {"start": "00:03:00", "end": "00:03:04", "text": "in fear. People are unsure. They're"}, {"start": "00:03:01", "end": "00:03:07", "text": "afraid, but you are not bullish enough"}, {"start": "00:03:04", "end": "00:03:09", "text": "on how impactful the market structure"}, {"start": "00:03:07", "end": "00:03:12", "text": "bill will be if passed. I loved this"}, {"start": "00:03:09", "end": "00:03:14", "text": "clip on the David Lynn podcast on"}, {"start": "00:03:12", "end": "00:03:18", "text": "YouTube. I I'll play you just a piece of"}, {"start": "00:03:14", "end": "00:03:21", "text": "John Austinino, who is a Coinbase guy,"}, {"start": "00:03:18", "end": "00:03:22", "text": "putting it into perspective how big this"}, {"start": "00:03:21", "end": "00:03:24", "text": "bill will actually be."}, {"start": "00:03:22", "end": "00:03:26", "text": ">> What is it that people do not understand"}, {"start": "00:03:24", "end": "00:03:29", "text": "about it yet?"}, {"start": "00:03:26", "end": "00:03:32", "text": ">> I think it's a very wonky thing, but I"}, {"start": "00:03:29", "end": "00:03:36", "text": "think people underappreciate how big of"}, {"start": "00:03:32", "end": "00:03:39", "text": "a deal this is. We don't do new market"}, {"start": "00:03:36", "end": "00:03:42", "text": "structure legislation willy-nilly in the"}, {"start": "00:03:39", "end": "00:03:44", "text": "US. It happens. It usually happens when"}, {"start": "00:03:42", "end": "00:03:47", "text": "there is a catastrophic disaster. It"}, {"start": "00:03:44", "end": "00:03:49", "text": "usually happens when you have a a great"}, {"start": "00:03:47", "end": "00:03:53", "text": "financial crisis of some type of of"}, {"start": "00:03:49", "end": "00:03:56", "text": "massive massive um uh explosion where"}, {"start": "00:03:53", "end": "00:03:58", "text": "you know moms and pops you v voters are"}, {"start": "00:03:56", "end": "00:04:00", "text": "dramatically affected. So market"}, {"start": "00:03:58", "end": "00:04:02", "text": "structure is usually a negative"}, {"start": "00:04:00", "end": "00:04:04", "text": "reactionary thing. the fact that you"}, {"start": "00:04:02", "end": "00:04:05", "text": "have this asset class which from an"}, {"start": "00:04:04", "end": "00:04:07", "text": "institutional perspective has really"}, {"start": "00:04:05", "end": "00:04:10", "text": "existed in modern form for seven or so"}, {"start": "00:04:07", "end": "00:04:13", "text": "years, right? It's existed for about 15"}, {"start": "00:04:10", "end": "00:04:14", "text": "technically about I'd say 9 to 10 from a"}, {"start": "00:04:13", "end": "00:04:16", "text": "retail perspective and really seven"}, {"start": "00:04:14", "end": "00:04:19", "text": "years. The fact that a brand new asset"}, {"start": "00:04:16", "end": "00:04:21", "text": "class is getting market structural"}, {"start": "00:04:19", "end": "00:04:24", "text": "legislation not because of some massive"}, {"start": "00:04:21", "end": "00:04:26", "text": "blow up but because there's a"}, {"start": "00:04:24", "end": "00:04:30", "text": "recognition of how impactful it's become"}, {"start": "00:04:26", "end": "00:04:32", "text": "in the US economy. We we should all be"}, {"start": "00:04:30", "end": "00:04:33", "text": "incredibly grateful that we have the"}, {"start": "00:04:32", "end": "00:04:34", "text": "opportunity to live during this time and"}, {"start": "00:04:33", "end": "00:04:36", "text": "and for those of us who work in the"}, {"start": "00:04:34", "end": "00:04:38", "text": "asset class, we should be very very"}, {"start": "00:04:36", "end": "00:04:39", "text": "grateful. So So I understand there's"}, {"start": "00:04:38", "end": "00:04:40", "text": "negative uh crypto sentiment. If you"}, {"start": "00:04:39", "end": "00:04:43", "text": "look at the broad indices, you look at"}, {"start": "00:04:40", "end": "00:04:46", "text": "Twitter or X sentiment, I don't see it."}, {"start": "00:04:43", "end": "00:04:47", "text": "I just see an extraordinary achievement"}, {"start": "00:04:46", "end": "00:04:49", "text": "for this asset class."}, {"start": "00:04:47", "end": "00:04:52", "text": ">> So JP Morgan Chase Jamie Diamond has a"}, {"start": "00:04:49", "end": "00:04:56", "text": "fight on his hands because even the SEC"}, {"start": "00:04:52", "end": "00:04:58", "text": "chair of the United States, well just"}, {"start": "00:04:56", "end": "00:05:00", "text": "listen. We are uh focused on providing"}, {"start": "00:04:58", "end": "00:05:04", "text": "clarity to the marketplace. This is a"}, {"start": "00:05:00", "end": "00:05:06", "text": "quickly evolving type of technology and"}, {"start": "00:05:04", "end": "00:05:08", "text": "there clearly is investor interest but"}, {"start": "00:05:06", "end": "00:05:11", "text": "it has huge benefits I think potentially"}, {"start": "00:05:08", "end": "00:05:13", "text": "for the financial uh services industry"}, {"start": "00:05:11", "end": "00:05:16", "text": "and the markets as a whole because it'll"}, {"start": "00:05:13", "end": "00:05:18", "text": "make things the the distributed ledger"}, {"start": "00:05:16", "end": "00:05:21", "text": "technology the blockchain makes uh"}, {"start": "00:05:18", "end": "00:05:22", "text": "transactions much more certain. you"}, {"start": "00:05:21", "end": "00:05:26", "text": "know, we have the prospect of maybe"}, {"start": "00:05:22", "end": "00:05:29", "text": "immediate uh uh clearance and and"}, {"start": "00:05:26", "end": "00:05:30", "text": "settlement of transactions on chain. So,"}, {"start": "00:05:29", "end": "00:05:33", "text": "that's a little uh you know, in the"}, {"start": "00:05:30", "end": "00:05:36", "text": "weeds, but but little things like that"}, {"start": "00:05:33", "end": "00:05:39", "text": "can do a lot to help uh the marketplace"}, {"start": "00:05:36", "end": "00:05:41", "text": "have more stability and confidence from"}, {"start": "00:05:39", "end": "00:05:44", "text": "for buying and selling securities. But"}, {"start": "00:05:41", "end": "00:05:46", "text": "with respect to various products, uh we"}, {"start": "00:05:44", "end": "00:05:48", "text": "are working and collaborating with our"}, {"start": "00:05:46", "end": "00:05:50", "text": "sister agency, the Commodity Futures"}, {"start": "00:05:48", "end": "00:05:52", "text": "Trading Commission. We've come out with"}, {"start": "00:05:50", "end": "00:05:55", "text": "an interpretative release that divides"}, {"start": "00:05:52", "end": "00:05:58", "text": "the world and and gives clarity to the"}, {"start": "00:05:55", "end": "00:06:01", "text": "marketplace as to what's a security, a"}, {"start": "00:05:58", "end": "00:06:04", "text": "tokenized security and then what is uh a"}, {"start": "00:06:01", "end": "00:06:06", "text": "digital commodity. And so we've we've"}, {"start": "00:06:04", "end": "00:06:07", "text": "taken that step and that's uh that's"}, {"start": "00:06:06", "end": "00:06:09", "text": "been a very important step. We're"}, {"start": "00:06:07", "end": "00:06:13", "text": "looking and have I have confidence that"}, {"start": "00:06:09", "end": "00:06:14", "text": "Congress will uh adopt the uh clarity"}, {"start": "00:06:13", "end": "00:06:16", "text": "act and that the president will be able"}, {"start": "00:06:14", "end": "00:06:19", "text": "to sign it and that'll give us a"}, {"start": "00:06:16", "end": "00:06:22", "text": "statutory basis upon which uh we can"}, {"start": "00:06:19", "end": "00:06:25", "text": "operate and and then again allow the"}, {"start": "00:06:22", "end": "00:06:27", "text": "marketplace to uh innovate and do that"}, {"start": "00:06:25", "end": "00:06:31", "text": "here onshore as the president has"}, {"start": "00:06:27", "end": "00:06:34", "text": "basically uh you know challenged uh us"}, {"start": "00:06:31", "end": "00:06:37", "text": "to do is to we've chased a lot of these"}, {"start": "00:06:34", "end": "00:06:39", "text": "products offshore um to for people to"}, {"start": "00:06:37", "end": "00:06:42", "text": "try to innovate, but uh we need to do it"}, {"start": "00:06:39", "end": "00:06:44", "text": "in America under American law so that uh"}, {"start": "00:06:42", "end": "00:06:45", "text": "investors have the confidence uh and the"}, {"start": "00:06:44", "end": "00:06:47", "text": "protections of that."}, {"start": "00:06:45", "end": "00:06:49", "text": ">> So the next few months are massively"}, {"start": "00:06:47", "end": "00:06:52", "text": "important for crypto and the lines in"}, {"start": "00:06:49", "end": "00:06:57", "text": "the sand if you're trading. We have a"}, {"start": "00:06:52", "end": "00:06:57", "text": "huge volume profile around $67,200."}, {"start": "00:06:58", "end": "00:07:04", "text": "If Bitcoin stays above 67,000, that's a"}, {"start": "00:07:01", "end": "00:07:06", "text": "huge sign of strength in the market. Of"}, {"start": "00:07:04", "end": "00:07:09", "text": "course, the further support would be the"}, {"start": "00:07:06", "end": "00:07:11", "text": "200 week moving average at around"}, {"start": "00:07:09", "end": "00:07:13", "text": "$61,000."}, {"start": "00:07:11", "end": "00:07:16", "text": "Of course, any dip in the short term to"}, {"start": "00:07:13", "end": "00:07:19", "text": "me is a buying opportunity for Bitcoin"}, {"start": "00:07:16", "end": "00:07:22", "text": "and ETH. And I understand the ETH price"}, {"start": "00:07:19", "end": "00:07:24", "text": "is down in the doldrums today, but let's"}, {"start": "00:07:22", "end": "00:07:26", "text": "not forget the fundamental value. The"}, {"start": "00:07:24", "end": "00:07:28", "text": "former head of digital assets at"}, {"start": "00:07:26", "end": "00:07:31", "text": "BlackRock explains on the rollup"}, {"start": "00:07:28", "end": "00:07:33", "text": "podcast, the narrative says ETH is"}, {"start": "00:07:31", "end": "00:07:35", "text": "losing, but the scoreboard says it's"}, {"start": "00:07:33", "end": "00:07:38", "text": "winning by a large margin. Look at the"}, {"start": "00:07:35", "end": "00:07:41", "text": "scoreboard. So in the prop properties"}, {"start": "00:07:38", "end": "00:07:42", "text": "that matter most for institutional"}, {"start": "00:07:41", "end": "00:07:46", "text": "adoption, which is the future of"}, {"start": "00:07:42", "end": "00:07:48", "text": "Ethereum, Ethereum has the most trust,"}, {"start": "00:07:46", "end": "00:07:52", "text": "liquidity, and security. Objectively"}, {"start": "00:07:48", "end": "00:07:53", "text": "speaking, it has the license to win. But"}, {"start": "00:07:52", "end": "00:07:56", "text": "sometimes in life you have the license"}, {"start": "00:07:53", "end": "00:07:59", "text": "to win but you're not winning. In all"}, {"start": "00:07:56", "end": "00:08:01", "text": "the categories where that license"}, {"start": "00:07:59", "end": "00:08:04", "text": "converts into real economic activity,"}, {"start": "00:08:01", "end": "00:08:08", "text": "Ethereum isn't just winning, it's"}, {"start": "00:08:04", "end": "00:08:11", "text": "winning by a mar a large margin. 50"}, {"start": "00:08:08", "end": "00:08:13", "text": "plus% of stable coin value globally"}, {"start": "00:08:11", "end": "00:08:15", "text": "settled on Ethereum. tokenized assets."}, {"start": "00:08:13", "end": "00:08:17", "text": "You know, as soon as some of the next"}, {"start": "00:08:15", "end": "00:08:19", "text": "projects are tokenized that have been"}, {"start": "00:08:17", "end": "00:08:22", "text": "announced, it'll have 70% of all"}, {"start": "00:08:19", "end": "00:08:25", "text": "tokenized assets in the Ethereum"}, {"start": "00:08:22", "end": "00:08:27", "text": "ecosystem. And it frankly is the default"}, {"start": "00:08:25", "end": "00:08:29", "text": "for highv value DeFi transactions."}, {"start": "00:08:27", "end": "00:08:31", "text": ">> Click subscribe for a daily video giving"}, {"start": "00:08:29", "end": "00:08:33", "text": "you an edge investing, keeping you"}, {"start": "00:08:31", "end": "00:08:36", "text": "informed about crypto. Like all we see"}, {"start": "00:08:33", "end": "00:08:36", "text": "tomorrow."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "What's going on with this dog of a dog"}, {"start": "00:00:01", "end": "00:00:05", "text": "of a an asset?"}, {"start": "00:00:02", "end": "00:00:10", "text": ">> Breaking news. Bitcoin falls below"}, {"start": "00:00:05", "end": "00:00:13", "text": "72,000 as over 230 million worth of"}, {"start": "00:00:10", "end": "00:00:14", "text": "leveraged longs got liquidated in 60"}, {"start": "00:00:13", "end": "00:00:15", "text": "minutes."}, {"start": "00:00:14", "end": "00:00:16", "text": ">> Bitcoin is dog with fleas. That's what"}, {"start": "00:00:15", "end": "00:00:17", "text": "he said."}, {"start": "00:00:16", "end": "00:00:19", "text": ">> Make sure you watch today's whole video."}, {"start": "00:00:17", "end": "00:00:20", "text": "I'm going to update you on what comes"}, {"start": "00:00:19", "end": "00:00:23", "text": "next for crypto."}, {"start": "00:00:20", "end": "00:00:25", "text": ">> And the Clarity Act is now up on the"}, {"start": "00:00:23", "end": "00:00:25", "text": "hill and I think it has bipartisan"}, {"start": "00:00:25", "end": "00:00:28", "text": "support"}, {"start": "00:00:25", "end": "00:00:32", "text": ">> and actually why you should be buying"}, {"start": "00:00:28", "end": "00:00:33", "text": "here. ETH has the most economic and"}, {"start": "00:00:32", "end": "00:00:34", "text": "intellectual density and the most Lindy"}, {"start": "00:00:33", "end": "00:00:36", "text": "effects."}, {"start": "00:00:34", "end": "00:00:38", "text": ">> Guys, smash the like button. Subscribe"}, {"start": "00:00:36", "end": "00:00:40", "text": "to Altcoin Daily for daily updates. We"}, {"start": "00:00:38", "end": "00:00:43", "text": "are the largest crypto community in the"}, {"start": "00:00:40", "end": "00:00:47", "text": "world. Bitcoin is crashing while every"}, {"start": "00:00:43", "end": "00:00:51", "text": "other asset on Earth rallies. Since"}, {"start": "00:00:47", "end": "00:00:53", "text": "October of 2025, every major asset on"}, {"start": "00:00:51", "end": "00:00:57", "text": "Earth is up, while Bitcoin is down"}, {"start": "00:00:53", "end": "00:01:01", "text": "almost 40%. In fact, Bitcoin has fallen"}, {"start": "00:00:57", "end": "00:01:04", "text": "out of the top 10 largest assets in the"}, {"start": "00:01:01", "end": "00:01:06", "text": "world. Either something is broken at the"}, {"start": "00:01:04", "end": "00:01:09", "text": "core of the crypto market or this is the"}, {"start": "00:01:06", "end": "00:01:12", "text": "biggest coordinated manipulation that"}, {"start": "00:01:09", "end": "00:01:14", "text": "crypto has ever seen. The stock market"}, {"start": "00:01:12", "end": "00:01:17", "text": "bull run in full effect. And it seems"}, {"start": "00:01:14", "end": "00:01:20", "text": "like the only thing that could stop this"}, {"start": "00:01:17", "end": "00:01:22", "text": "huge run in AI and tech stocks is if"}, {"start": "00:01:20", "end": "00:01:26", "text": "they announce Bitcoin or Ethereum plans."}, {"start": "00:01:22", "end": "00:01:29", "text": "Haha. What really happened October 10th,"}, {"start": "00:01:26", "end": "00:01:32", "text": "2025, the day that some people are"}, {"start": "00:01:29", "end": "00:01:36", "text": "saying crypto died? It is undeniable"}, {"start": "00:01:32", "end": "00:01:39", "text": "that something broke on 1010 cryptos"}, {"start": "00:01:36", "end": "00:01:42", "text": "911. In fact, according to top"}, {"start": "00:01:39", "end": "00:01:45", "text": "prediction markets, there is now a 53%"}, {"start": "00:01:42", "end": "00:01:49", "text": "chance Michael Sailor's strategy sells"}, {"start": "00:01:45", "end": "00:01:52", "text": "some of its Bitcoin by the end of June."}, {"start": "00:01:49", "end": "00:01:54", "text": "Do you think Sailor sells some of their"}, {"start": "00:01:52", "end": "00:01:57", "text": "Bitcoin in the next couple of months? I"}, {"start": "00:01:54", "end": "00:02:00", "text": "think crypto today is a huge buying"}, {"start": "00:01:57", "end": "00:02:03", "text": "opportunity very similar to November,"}, {"start": "00:02:00", "end": "00:02:06", "text": "December, January of 2018, 2019. This is"}, {"start": "00:02:03", "end": "00:02:08", "text": "the consolidation/calm"}, {"start": "00:02:06", "end": "00:02:11", "text": "before the storm. I do think where we"}, {"start": "00:02:08", "end": "00:02:13", "text": "are today is very similar to Bitcoin"}, {"start": "00:02:11", "end": "00:02:16", "text": "right back here. If you remember near"}, {"start": "00:02:13", "end": "00:02:18", "text": "the mid to end of 2018, you know,"}, {"start": "00:02:16", "end": "00:02:20", "text": "sentiment was just god awful during this"}, {"start": "00:02:18", "end": "00:02:23", "text": "time and then we had a capitulation of"}, {"start": "00:02:20", "end": "00:02:26", "text": "50% and then many months of just"}, {"start": "00:02:23", "end": "00:02:28", "text": "grinding. So many people said one more"}, {"start": "00:02:26", "end": "00:02:30", "text": "leg down, but we were just in grind"}, {"start": "00:02:28", "end": "00:02:32", "text": "mode, an accumulation right here and"}, {"start": "00:02:30", "end": "00:02:34", "text": "eventually a pop up. I think it's very"}, {"start": "00:02:32", "end": "00:02:37", "text": "similar to what Bitcoin was doing in"}, {"start": "00:02:34", "end": "00:02:39", "text": "2025, just grinding, people hoping it's"}, {"start": "00:02:37", "end": "00:02:41", "text": "going to go up. Instead, we dropped"}, {"start": "00:02:39", "end": "00:02:44", "text": "straight down. Everybody's waiting for"}, {"start": "00:02:41", "end": "00:02:45", "text": "that next leg lower. I think we're in"}, {"start": "00:02:44", "end": "00:02:49", "text": "grind mode right here, especially"}, {"start": "00:02:45", "end": "00:02:52", "text": "because 2025, 2024, we didn't have that"}, {"start": "00:02:49", "end": "00:02:55", "text": "big of an expansion like we did in 2017."}, {"start": "00:02:52", "end": "00:02:57", "text": "So, I think Bitcoin, Ethereum, Salana,"}, {"start": "00:02:55", "end": "00:03:00", "text": "so many other cryptocurrencies"}, {"start": "00:02:57", "end": "00:03:02", "text": "are buys right now. Anthony Pompiano did"}, {"start": "00:03:00", "end": "00:03:04", "text": "a great job explaining what's going on"}, {"start": "00:03:02", "end": "00:03:06", "text": "in the market, why Bitcoin is"}, {"start": "00:03:04", "end": "00:03:08", "text": "underperforming. What I think people"}, {"start": "00:03:06", "end": "00:03:10", "text": "have to realize is that AI stocks are"}, {"start": "00:03:08", "end": "00:03:12", "text": "flying and everyone is chasing momentum"}, {"start": "00:03:10", "end": "00:03:14", "text": "and it's hitting all-time highs. Usually"}, {"start": "00:03:12", "end": "00:03:16", "text": "the thing you want to be buying is the"}, {"start": "00:03:14", "end": "00:03:19", "text": "thing that's out of favor that's going"}, {"start": "00:03:16", "end": "00:03:21", "text": "to come back in favor. Bitcoin at some"}, {"start": "00:03:19", "end": "00:03:22", "text": "point is going to come back."}, {"start": "00:03:21", "end": "00:03:24", "text": ">> What's going on with this dog of a dog"}, {"start": "00:03:22", "end": "00:03:25", "text": "of a an asset?"}, {"start": "00:03:24", "end": "00:03:27", "text": ">> Bitcoin is dog with fleas. That's what"}, {"start": "00:03:25", "end": "00:03:28", "text": "he said. All right, I got a great stat"}, {"start": "00:03:27", "end": "00:03:30", "text": "for you guys. So if you go back on one"}, {"start": "00:03:28", "end": "00:03:32", "text": "year timeline, two years, 3 years, four"}, {"start": "00:03:30", "end": "00:03:36", "text": "years, 5 years, all the way to 10 years,"}, {"start": "00:03:32", "end": "00:03:38", "text": "every single year on that timeline, gold"}, {"start": "00:03:36", "end": "00:03:39", "text": "has outperformed the S&P. And why is"}, {"start": "00:03:38", "end": "00:03:41", "text": "that important? Because if you go back"}, {"start": "00:03:39", "end": "00:03:43", "text": "over a five or 10 year time frame,"}, {"start": "00:03:41", "end": "00:03:45", "text": "Bitcoin and gold on the compound growth"}, {"start": "00:03:43", "end": "00:03:46", "text": "rate has been significantly"}, {"start": "00:03:45", "end": "00:03:48", "text": "outperforming. Now, the reason I bring"}, {"start": "00:03:46", "end": "00:03:50", "text": "that up is because we usually think of"}, {"start": "00:03:48", "end": "00:03:52", "text": "gold as not being super volatile, and we"}, {"start": "00:03:50", "end": "00:03:53", "text": "think of Bitcoin as being very, very"}, {"start": "00:03:52", "end": "00:03:55", "text": "volatile. But over these long time"}, {"start": "00:03:53", "end": "00:03:56", "text": "periods, what we find is that these"}, {"start": "00:03:55", "end": "00:03:57", "text": "assets actually do better than what are"}, {"start": "00:03:56", "end": "00:03:59", "text": "supposed to be the productive stocks."}, {"start": "00:03:57", "end": "00:04:00", "text": "Now, that doesn't make investors feel"}, {"start": "00:03:59", "end": "00:04:01", "text": "good because Bitcoin hasn't been doing"}, {"start": "00:04:00", "end": "00:04:03", "text": "very well over the last two years. So,"}, {"start": "00:04:01", "end": "00:04:05", "text": "what I think people have to realize is"}, {"start": "00:04:03", "end": "00:04:06", "text": "that while AI stocks are flying and"}, {"start": "00:04:05", "end": "00:04:08", "text": "everyone is chasing momentum and it's"}, {"start": "00:04:06", "end": "00:04:09", "text": "hitting all-time highs, usually the"}, {"start": "00:04:08", "end": "00:04:11", "text": "thing that you want to be buying is the"}, {"start": "00:04:09", "end": "00:04:13", "text": "thing that's out of favor that's going"}, {"start": "00:04:11", "end": "00:04:15", "text": "to come back into favor. And so, the big"}, {"start": "00:04:13", "end": "00:04:17", "text": "question is if you think about Bitcoin,"}, {"start": "00:04:15", "end": "00:04:18", "text": "is the US government going to stop"}, {"start": "00:04:17", "end": "00:04:20", "text": "printing money? If they do not start"}, {"start": "00:04:18", "end": "00:04:21", "text": "printing money, which I don't think"}, {"start": "00:04:20", "end": "00:04:22", "text": "they're going to stop, right? That means"}, {"start": "00:04:21", "end": "00:04:23", "text": "that Bitcoin at some point in the future"}, {"start": "00:04:22", "end": "00:04:26", "text": "is going to be back. It'll be the pretty"}, {"start": "00:04:23", "end": "00:04:27", "text": "girl at the bar again. Catalyst."}, {"start": "00:04:26", "end": "00:04:29", "text": ">> Not to mention Fidelity, one of the"}, {"start": "00:04:27", "end": "00:04:31", "text": "largest traditional finance and"}, {"start": "00:04:29", "end": "00:04:34", "text": "investment firms in the USA and around"}, {"start": "00:04:31", "end": "00:04:36", "text": "the world. Fidelity putting out reports"}, {"start": "00:04:34", "end": "00:04:39", "text": "saying Bitcoin is entering its era of"}, {"start": "00:04:36", "end": "00:04:42", "text": "scarcity. Five companies now hold nearly"}, {"start": "00:04:39", "end": "00:04:45", "text": "1 million versus less than 1 million"}, {"start": "00:04:42", "end": "00:04:47", "text": "remaining to be mined. Supply and demand"}, {"start": "00:04:45", "end": "00:04:49", "text": "in full effect. I'm Zach Wayright,"}, {"start": "00:04:47", "end": "00:04:50", "text": "research analyst with Fidelity Digital"}, {"start": "00:04:49", "end": "00:04:52", "text": "Assets, and this is Chart Chatter."}, {"start": "00:04:50", "end": "00:04:54", "text": "Today, we're going to be talking about"}, {"start": "00:04:52", "end": "00:04:57", "text": "Bitcoin entering an era of scarcity."}, {"start": "00:04:54", "end": "00:04:59", "text": "Let's dive right in. Here we have a good"}, {"start": "00:04:57", "end": "00:05:01", "text": "example of Bitcoin scarcity playing out"}, {"start": "00:04:59", "end": "00:05:04", "text": "over time. Five public companies now"}, {"start": "00:05:01", "end": "00:05:06", "text": "hold nearly 1 million Bitcoin in total."}, {"start": "00:05:04", "end": "00:05:09", "text": "By contrast, there is less than 1"}, {"start": "00:05:06", "end": "00:05:11", "text": "million Bitcoin remaining to be mined."}, {"start": "00:05:09", "end": "00:05:13", "text": "This speaks to the scarcity dynamics of"}, {"start": "00:05:11", "end": "00:05:16", "text": "Bitcoin that are unfolding over the"}, {"start": "00:05:13", "end": "00:05:19", "text": "years. And if this trend continues, we"}, {"start": "00:05:16", "end": "00:05:23", "text": "could see 2 million Bitcoin held by this"}, {"start": "00:05:19", "end": "00:05:26", "text": "cohort by Q2 2029. In contrast, there"}, {"start": "00:05:23", "end": "00:05:28", "text": "would be about 500,000 Bitcoin remaining"}, {"start": "00:05:26", "end": "00:05:30", "text": "to be mined at that time. So, the supply"}, {"start": "00:05:28", "end": "00:05:32", "text": "and demand dynamics of Bitcoin are"}, {"start": "00:05:30", "end": "00:05:34", "text": "changing. And if you want to learn more,"}, {"start": "00:05:32", "end": "00:05:36", "text": "you can go to fidelity digitalassets.com"}, {"start": "00:05:34", "end": "00:05:38", "text": "and learn more about this era of"}, {"start": "00:05:36", "end": "00:05:40", "text": "scarcity that we are entering. So,"}, {"start": "00:05:38", "end": "00:05:43", "text": "Bitcoin really only needs two things to"}, {"start": "00:05:40", "end": "00:05:45", "text": "happen for it to come roaring back with"}, {"start": "00:05:43", "end": "00:05:50", "text": "a vengeance. Bitcoin could rally to"}, {"start": "00:05:45", "end": "00:05:52", "text": "100,000 if rates are cut very low. And"}, {"start": "00:05:50", "end": "00:05:54", "text": "two, Clarity Act passes. That's"}, {"start": "00:05:52", "end": "00:05:57", "text": "literally all it would take. I'll tell"}, {"start": "00:05:54", "end": "00:05:59", "text": "you what, it does seem like the"}, {"start": "00:05:57", "end": "00:06:02", "text": "president, the White House, Congress,"}, {"start": "00:05:59", "end": "00:06:04", "text": "the politicians at large are doing"}, {"start": "00:06:02", "end": "00:06:07", "text": "everything they can to try and push the"}, {"start": "00:06:04", "end": "00:06:10", "text": "Clarity Act over. In fact, in the last"}, {"start": "00:06:07", "end": "00:06:12", "text": "24 hours, President Trump posted two"}, {"start": "00:06:10", "end": "00:06:14", "text": "bullish statements about crypto. He"}, {"start": "00:06:12", "end": "00:06:18", "text": "literally said, \"I will never let crypto"}, {"start": "00:06:14", "end": "00:06:19", "text": "down.\" Unfortunately, crypto dumped down"}, {"start": "00:06:18", "end": "00:06:22", "text": "immediately after he posted, but he's"}, {"start": "00:06:19", "end": "00:06:23", "text": "been posting about crypto quite a bit."}, {"start": "00:06:22", "end": "00:06:25", "text": "We know that market structure will get"}, {"start": "00:06:23", "end": "00:06:27", "text": "passed. Builders will come back."}, {"start": "00:06:25", "end": "00:06:29", "text": "Innovation is staying on shore. Crypto"}, {"start": "00:06:27", "end": "00:06:32", "text": "is becoming part of the US financial"}, {"start": "00:06:29", "end": "00:06:34", "text": "system. This is exactly what a new bull"}, {"start": "00:06:32", "end": "00:06:37", "text": "cycle is built on. And to their credit,"}, {"start": "00:06:34", "end": "00:06:39", "text": "the SEC chair Paul Atkins, the Financial"}, {"start": "00:06:37", "end": "00:06:42", "text": "Services Committee at large, they're all"}, {"start": "00:06:39", "end": "00:06:45", "text": "publicly signaling their support to pass"}, {"start": "00:06:42", "end": "00:06:48", "text": "crypto market structure clarity act."}, {"start": "00:06:45", "end": "00:06:50", "text": "Just today, Treasury Secretary Scott"}, {"start": "00:06:48", "end": "00:06:52", "text": "Bessant urges Congress to pass crypto"}, {"start": "00:06:50", "end": "00:06:55", "text": "clarity. He says, \"The most important"}, {"start": "00:06:52", "end": "00:06:57", "text": "thing we can do is make digital assets"}, {"start": "00:06:55", "end": "00:06:59", "text": "come into the United States, make the US"}, {"start": "00:06:57", "end": "00:07:01", "text": "the home. I would encourage the House"}, {"start": "00:06:59", "end": "00:07:03", "text": "and Senate to get clarity done. Love to"}, {"start": "00:07:01", "end": "00:07:05", "text": "see this.\" This administration's been"}, {"start": "00:07:03", "end": "00:07:09", "text": "very clear there will be no central bank"}, {"start": "00:07:05", "end": "00:07:11", "text": "digital currency which I think the is"}, {"start": "00:07:09", "end": "00:07:12", "text": "would be the first step toward tracking."}, {"start": "00:07:11", "end": "00:07:14", "text": "So we have taken that off the table."}, {"start": "00:07:12", "end": "00:07:17", "text": "We've passed stable coin legislation"}, {"start": "00:07:14", "end": "00:07:19", "text": "with bipartisan and the clarity act is"}, {"start": "00:07:17", "end": "00:07:22", "text": "now up on the hill and I think it has"}, {"start": "00:07:19", "end": "00:07:25", "text": "bipartisan support and the most"}, {"start": "00:07:22", "end": "00:07:27", "text": "important thing we can do is to make"}, {"start": "00:07:25", "end": "00:07:31", "text": "digital assets come into the United"}, {"start": "00:07:27", "end": "00:07:34", "text": "States. make the US the home, our"}, {"start": "00:07:31", "end": "00:07:36", "text": "regulation, our best practices are what"}, {"start": "00:07:34", "end": "00:07:38", "text": "will ensure good standards for these."}, {"start": "00:07:36", "end": "00:07:40", "text": "When you look at digital assets, all the"}, {"start": "00:07:38", "end": "00:07:42", "text": "nonsense that happens, all the things"}, {"start": "00:07:40", "end": "00:07:44", "text": "you read about, that's because it's the"}, {"start": "00:07:42", "end": "00:07:46", "text": "wild wild west offshore. So, we got to"}, {"start": "00:07:44", "end": "00:07:49", "text": "bring it on shore. So, I would encourage"}, {"start": "00:07:46", "end": "00:07:50", "text": "the House and the Senate to get clarity"}, {"start": "00:07:49", "end": "00:07:53", "text": "done."}, {"start": "00:07:50", "end": "00:07:55", "text": ">> I'm hugely bullish on Ethereum right"}, {"start": "00:07:53", "end": "00:08:00", "text": "now. Let me tell you why. Breaking news."}, {"start": "00:07:55", "end": "00:08:02", "text": "SoFi launches SoFi USD on Ethereum, the"}, {"start": "00:08:00", "end": "00:08:05", "text": "first stable coin issued by a US"}, {"start": "00:08:02", "end": "00:08:07", "text": "nationally chartered bank. I'm bullish"}, {"start": "00:08:05", "end": "00:08:11", "text": "on Ethereum right now because there is"}, {"start": "00:08:07", "end": "00:08:13", "text": "now 9x more EAT shorts than longs. A"}, {"start": "00:08:11", "end": "00:08:16", "text": "bounce in Ethereum makes sense here."}, {"start": "00:08:13", "end": "00:08:18", "text": "Financial giant Standard Charter is now"}, {"start": "00:08:16", "end": "00:08:22", "text": "comparing Ethereum, where it is today,"}, {"start": "00:08:18", "end": "00:08:24", "text": "to Amazon during the 2001 dot bubble"}, {"start": "00:08:22", "end": "00:08:27", "text": "burst, saying Ethereum will catch up to"}, {"start": "00:08:24", "end": "00:08:30", "text": "internal metrics like Amazon did. If you"}, {"start": "00:08:27", "end": "00:08:33", "text": "only watch one twominute clip today,"}, {"start": "00:08:30", "end": "00:08:35", "text": "watch this two-minute clip. Raul Paul"}, {"start": "00:08:33", "end": "00:08:36", "text": "explaining the bull case for Ethereum"}, {"start": "00:08:35", "end": "00:08:38", "text": "today."}, {"start": "00:08:36", "end": "00:08:40", "text": ">> And how I think about it is there's some"}, {"start": "00:08:38", "end": "00:08:43", "text": "pretty easy bets to have. You can just"}, {"start": "00:08:40", "end": "00:08:46", "text": "own Bitcoin. It'll work. It's not going"}, {"start": "00:08:43", "end": "00:08:48", "text": "to zero. Adoption over time goes up."}, {"start": "00:08:46", "end": "00:08:50", "text": "ETH. ETH is the most lindy out of the"}, {"start": "00:08:48", "end": "00:08:52", "text": "smart contract platforms. I've grouped"}, {"start": "00:08:50", "end": "00:08:53", "text": "the smart contract platforms that I"}, {"start": "00:08:52", "end": "00:08:56", "text": "think matter here because I've done a"}, {"start": "00:08:53", "end": "00:08:59", "text": "lot of work on these. And ETH has the"}, {"start": "00:08:56", "end": "00:09:01", "text": "most economic and intellectual density"}, {"start": "00:08:59", "end": "00:09:03", "text": "and the most Lindy effects. There's more"}, {"start": "00:09:01", "end": "00:09:05", "text": "developers, there's more protocols,"}, {"start": "00:09:03", "end": "00:09:07", "text": "there's more layers, there's more use"}, {"start": "00:09:05", "end": "00:09:10", "text": "cases, there's more users, there's more"}, {"start": "00:09:07", "end": "00:09:14", "text": "DeFi. Everything on ETH. This is why the"}, {"start": "00:09:10", "end": "00:09:17", "text": "financial system is likely to adopt EVM,"}, {"start": "00:09:14", "end": "00:09:19", "text": "ETH and layer 1's as its core because it"}, {"start": "00:09:17", "end": "00:09:22", "text": "has all the proven elements that are"}, {"start": "00:09:19", "end": "00:09:23", "text": "necessary. It's super secure. It it's"}, {"start": "00:09:22", "end": "00:09:27", "text": "never gone down and all of the things"}, {"start": "00:09:23", "end": "00:09:30", "text": "that we know. Great. ETH is great."}, {"start": "00:09:27", "end": "00:09:33", "text": "Salana, a newer upcoming um token,"}, {"start": "00:09:30", "end": "00:09:35", "text": "obviously came uh last cycle. It"}, {"start": "00:09:33", "end": "00:09:38", "text": "outperforms because it's newer, but is"}, {"start": "00:09:35", "end": "00:09:42", "text": "also solving for one of the key"}, {"start": "00:09:38", "end": "00:09:45", "text": "components, which is it's fast. It's"}, {"start": "00:09:42", "end": "00:09:47", "text": "it's faster and cheaper. So, it's fast,"}, {"start": "00:09:45", "end": "00:09:49", "text": "cheap, and secure."}, {"start": "00:09:47", "end": "00:09:52", "text": "And so, that opens up many new cases"}, {"start": "00:09:49", "end": "00:09:55", "text": "that didn't exist on ETH and even don't"}, {"start": "00:09:52", "end": "00:09:57", "text": "exist on ETH layer ones. Layer 2s. ETH"}, {"start": "00:09:55", "end": "00:09:59", "text": "layer 2s tend to not acrue as much value"}, {"start": "00:09:57", "end": "00:10:01", "text": "as layer 1's. Layer ones are the"}, {"start": "00:09:59", "end": "00:10:03", "text": "protocol layer. This is the"}, {"start": "00:10:01", "end": "00:10:05", "text": "infrastructure layer for the for the"}, {"start": "00:10:03", "end": "00:10:08", "text": "internet. This is the infrastructure"}, {"start": "00:10:05", "end": "00:10:10", "text": "layer of where AI meets the internet."}, {"start": "00:10:08", "end": "00:10:12", "text": "It's the global coordination layer. This"}, {"start": "00:10:10", "end": "00:10:14", "text": "is why layer ones are so important"}, {"start": "00:10:12", "end": "00:10:17", "text": "because they are the infrastructure of"}, {"start": "00:10:14", "end": "00:10:17", "text": "the future and everything gets built"}, {"start": "00:10:17", "end": "00:10:19", "text": "upon them."}, {"start": "00:10:17", "end": "00:10:21", "text": ">> There are so many reasons to be bullish"}, {"start": "00:10:19", "end": "00:10:23", "text": "on crypto. We update you on everything"}, {"start": "00:10:21", "end": "00:10:25", "text": "going on, good and bad, on a daily"}, {"start": "00:10:23", "end": "00:10:27", "text": "basis. If you're looking to take your"}, {"start": "00:10:25", "end": "00:10:28", "text": "crypto journey seriously, subscribe to"}, {"start": "00:10:27", "end": "00:10:30", "text": "Altcoin Daily, the largest crypto"}, {"start": "00:10:28", "end": "00:10:33", "text": "community in the world. See you"}, {"start": "00:10:30", "end": "00:10:33", "text": "tomorrow, my"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The last four times this happened,"}, {"start": "00:00:02", "end": "00:00:07", "text": "Bitcoin's price surged."}, {"start": "00:00:05", "end": "00:00:10", "text": "It just happened again. I have news that"}, {"start": "00:00:07", "end": "00:00:11", "text": "affects crypto, Ethereum, Solana,"}, {"start": "00:00:10", "end": "00:00:13", "text": "SpaceX, and Bitcoin."}, {"start": "00:00:11", "end": "00:00:14", "text": ">> Elon Musk, SpaceX holds more than twice"}, {"start": "00:00:13", "end": "00:00:17", "text": "as much Bitcoin."}, {"start": "00:00:14", "end": "00:00:20", "text": ">> This is signal, but with a golden cross"}, {"start": "00:00:17", "end": "00:00:22", "text": "upon us again, what comes next for"}, {"start": "00:00:20", "end": "00:00:24", "text": "Bitcoin? Because a golden cross is when"}, {"start": "00:00:22", "end": "00:00:28", "text": "a shorterterm moving average, typically"}, {"start": "00:00:24", "end": "00:00:31", "text": "the 50, crosses over a longerterm moving"}, {"start": "00:00:28", "end": "00:00:33", "text": "average, typically the 200, signaling a"}, {"start": "00:00:31", "end": "00:00:35", "text": "momentum shift to the upside. Anybody"}, {"start": "00:00:33", "end": "00:00:39", "text": "trading on Exchange Partner WEX, there's"}, {"start": "00:00:35", "end": "00:00:41", "text": "a link down below to follow along as"}, {"start": "00:00:39", "end": "00:00:44", "text": "well as a special bonus link below. But"}, {"start": "00:00:41", "end": "00:00:45", "text": "a golden cross is about to happen. And"}, {"start": "00:00:44", "end": "00:00:47", "text": "again, we can look at the last four"}, {"start": "00:00:45", "end": "00:00:50", "text": "times. Even though you can go back eight"}, {"start": "00:00:47", "end": "00:00:52", "text": "times, you can go back 16 times. I want"}, {"start": "00:00:50", "end": "00:00:55", "text": "to go back from the last bare market"}, {"start": "00:00:52", "end": "00:00:57", "text": "because we are in a bare market today."}, {"start": "00:00:55", "end": "00:00:59", "text": "What happened at the very first golden"}, {"start": "00:00:57", "end": "00:01:02", "text": "cross of last bare market? By the way,"}, {"start": "00:00:59", "end": "00:01:05", "text": "this was at the beginning of 2023. FTX"}, {"start": "00:01:02", "end": "00:01:07", "text": "had just collapsed months before we were"}, {"start": "00:01:05", "end": "00:01:09", "text": "in a bare market. And zooming in, we"}, {"start": "00:01:07", "end": "00:01:12", "text": "notice two things. Number one, we"}, {"start": "00:01:09", "end": "00:01:14", "text": "usually rally into the golden cross and"}, {"start": "00:01:12", "end": "00:01:16", "text": "have a small dump afterwards. We saw"}, {"start": "00:01:14", "end": "00:01:18", "text": "this again. Rallied golden cross here."}, {"start": "00:01:16", "end": "00:01:21", "text": "rallied into the golden cross or"}, {"start": "00:01:18", "end": "00:01:23", "text": "virtually nothing happens afterwards. So"}, {"start": "00:01:21", "end": "00:01:25", "text": "shortterm we either dump right after it"}, {"start": "00:01:23", "end": "00:01:28", "text": "or do nothing, consolidate right"}, {"start": "00:01:25", "end": "00:01:31", "text": "afterwards, but long-term it does signal"}, {"start": "00:01:28", "end": "00:01:34", "text": "the momentum shift and what comes next."}, {"start": "00:01:31", "end": "00:01:36", "text": "And Donald Trump did just send a bold"}, {"start": "00:01:34", "end": "00:01:39", "text": "message to crypto holders. This was"}, {"start": "00:01:36", "end": "00:01:42", "text": "under an hour ago. Trump will never let"}, {"start": "00:01:39", "end": "00:01:45", "text": "crypto down. He goes on to say, \"We will"}, {"start": "00:01:42", "end": "00:01:47", "text": "codify, meaning make it into law, a"}, {"start": "00:01:45", "end": "00:01:50", "text": "futureproof digital asset market"}, {"start": "00:01:47", "end": "00:01:52", "text": "structure that cannot be undone by the"}, {"start": "00:01:50", "end": "00:01:55", "text": "crypto haters.\" The new frontier of"}, {"start": "00:01:52", "end": "00:01:57", "text": "finance is being built in America and"}, {"start": "00:01:55", "end": "00:02:00", "text": "Trump will never let crypto down. We"}, {"start": "00:01:57", "end": "00:02:03", "text": "have signal from the president as well"}, {"start": "00:02:00", "end": "00:02:05", "text": "as bipartisan support the chances of"}, {"start": "00:02:03", "end": "00:02:07", "text": "this actually happening are now likely"}, {"start": "00:02:05", "end": "00:02:09", "text": "according to Bloomberg."}, {"start": "00:02:07", "end": "00:02:11", "text": ">> Yeah. So, we saw Genius um come into or"}, {"start": "00:02:09", "end": "00:02:12", "text": "or get signed last year. So, that's been"}, {"start": "00:02:11", "end": "00:02:15", "text": "a really good thing for the stable coin"}, {"start": "00:02:12", "end": "00:02:17", "text": "industry. We've seen more consumer"}, {"start": "00:02:15", "end": "00:02:19", "text": "protection with the yield backing and"}, {"start": "00:02:17", "end": "00:02:22", "text": "the dollartodoll um requirements with"}, {"start": "00:02:19", "end": "00:02:24", "text": "this with the Genius Act. Um Clarity had"}, {"start": "00:02:22", "end": "00:02:26", "text": "a huge week a huge week two weeks ago,"}, {"start": "00:02:24", "end": "00:02:28", "text": "right? So, we had the Senate uh banking"}, {"start": "00:02:26", "end": "00:02:30", "text": "committee pass it on a bipartisan basis,"}, {"start": "00:02:28", "end": "00:02:32", "text": "which is great. So, now it goes to the"}, {"start": "00:02:30", "end": "00:02:35", "text": "Senate Agriculture Committee to combine"}, {"start": "00:02:32", "end": "00:02:36", "text": "the two versions of the bill. And you"}, {"start": "00:02:35", "end": "00:02:38", "text": "know, this is one of the biggest moves"}, {"start": "00:02:36", "end": "00:02:41", "text": "we've seen for legislation in the US for"}, {"start": "00:02:38", "end": "00:02:43", "text": "digital assets um to date. So, we're all"}, {"start": "00:02:41", "end": "00:02:45", "text": "super excited about it and the momentum"}, {"start": "00:02:43", "end": "00:02:48", "text": "is building. Uh if you look at the poly"}, {"start": "00:02:45", "end": "00:02:50", "text": "market and the cowi odds, we're over 50%"}, {"start": "00:02:48", "end": "00:02:53", "text": "likely that this is going to pass, which"}, {"start": "00:02:50", "end": "00:02:55", "text": "is huge. Um and the sentiment from a"}, {"start": "00:02:53", "end": "00:02:56", "text": "timing perspective is there's a push to"}, {"start": "00:02:55", "end": "00:02:58", "text": "get it done before the interims. There's"}, {"start": "00:02:56", "end": "00:03:00", "text": "momentum. And if you take a step back"}, {"start": "00:02:58", "end": "00:03:01", "text": "and you think about everything that's"}, {"start": "00:03:00", "end": "00:03:03", "text": "going on right now in the world, the"}, {"start": "00:03:01", "end": "00:03:06", "text": "fact that the administration and and um"}, {"start": "00:03:03", "end": "00:03:08", "text": "DC is this focused on our asset space,"}, {"start": "00:03:06", "end": "00:03:10", "text": "our legislation is huge. It means that"}, {"start": "00:03:08", "end": "00:03:11", "text": "it's very important. Again, it's"}, {"start": "00:03:10", "end": "00:03:13", "text": "bipartisan, which we haven't seen"}, {"start": "00:03:11", "end": "00:03:15", "text": "before. We had two Democrats vote for"}, {"start": "00:03:13", "end": "00:03:16", "text": "clarity to move forward, and we're all"}, {"start": "00:03:15", "end": "00:03:18", "text": "just very optimistic about it. Well,"}, {"start": "00:03:16", "end": "00:03:19", "text": "maybe they saw what happened in the"}, {"start": "00:03:18", "end": "00:03:22", "text": "midterm, not in the midterms, in the"}, {"start": "00:03:19", "end": "00:03:24", "text": "2024 election and the way that the"}, {"start": "00:03:22", "end": "00:03:27", "text": "crypto industry lobbied behind certain"}, {"start": "00:03:24", "end": "00:03:28", "text": "candidates and spent many, many, many"}, {"start": "00:03:27", "end": "00:03:31", "text": "millions of dollars."}, {"start": "00:03:28", "end": "00:03:33", "text": ">> It was the largest single issue pack"}, {"start": "00:03:31", "end": "00:03:35", "text": "donations that we had seen. It 100%"}, {"start": "00:03:33", "end": "00:03:37", "text": "drove the election results. Like,"}, {"start": "00:03:35", "end": "00:03:38", "text": "there's no question about it. So, um,"}, {"start": "00:03:37", "end": "00:03:40", "text": "digital assets are here to stay,"}, {"start": "00:03:38", "end": "00:03:41", "text": "blockchain is here to stay, and I think"}, {"start": "00:03:40", "end": "00:03:43", "text": "we're starting to see support on both"}, {"start": "00:03:41", "end": "00:03:45", "text": "sides of the aisle. By the way, click"}, {"start": "00:03:43", "end": "00:03:47", "text": "subscribe to Altcoin Daily for an edge"}, {"start": "00:03:45", "end": "00:03:50", "text": "investing in crypto. Because while this"}, {"start": "00:03:47", "end": "00:03:53", "text": "golden cross, it should happen in about"}, {"start": "00:03:50", "end": "00:03:56", "text": "one two days. There are more metrics"}, {"start": "00:03:53", "end": "00:04:00", "text": "that help us paint a better picture. For"}, {"start": "00:03:56", "end": "00:04:02", "text": "example, the US spot ETF net flows. We"}, {"start": "00:04:00", "end": "00:04:05", "text": "shared with you in yesterday's video the"}, {"start": "00:04:02", "end": "00:04:06", "text": "big sellers specifically from the ETFs."}, {"start": "00:04:05", "end": "00:04:09", "text": "It's still happening. We can see the"}, {"start": "00:04:06", "end": "00:04:12", "text": "outflows in red. This is just as big or"}, {"start": "00:04:09", "end": "00:04:15", "text": "or almost just as big as the outflows"}, {"start": "00:04:12", "end": "00:04:17", "text": "from the ETFs back in February. And that"}, {"start": "00:04:15", "end": "00:04:21", "text": "breakdown, the breakdown that took"}, {"start": "00:04:17", "end": "00:04:24", "text": "Bitcoin BTC to 60K in February, the huge"}, {"start": "00:04:21", "end": "00:04:27", "text": "crash is not having the same impact on"}, {"start": "00:04:24", "end": "00:04:30", "text": "the market today. So ETF outflows are"}, {"start": "00:04:27", "end": "00:04:34", "text": "running around $700 million a day, close"}, {"start": "00:04:30", "end": "00:04:38", "text": "to the February prince that drove prices"}, {"start": "00:04:34", "end": "00:04:41", "text": "from $100,000 per BTC to 70K per BTC."}, {"start": "00:04:38", "end": "00:04:44", "text": "This time the price is holding an"}, {"start": "00:04:41", "end": "00:04:47", "text": "unidentified bid is absorbing. Possibly"}, {"start": "00:04:44", "end": "00:04:50", "text": "the Bitcoin Treasury companies propping"}, {"start": "00:04:47", "end": "00:04:53", "text": "us up. So this is bullish, but this is"}, {"start": "00:04:50", "end": "00:04:58", "text": "bearish. Bitcoin open interest drops"}, {"start": "00:04:53", "end": "00:05:01", "text": "below 55 billion, down 14% from when BTC"}, {"start": "00:04:58", "end": "00:05:06", "text": "was trading above $80,000. So what does"}, {"start": "00:05:01", "end": "00:05:10", "text": "this tell us? Open interest is waning."}, {"start": "00:05:06", "end": "00:05:12", "text": "Less interests interest in the market is"}, {"start": "00:05:10", "end": "00:05:13", "text": "not good. That shows less money coming"}, {"start": "00:05:12", "end": "00:05:15", "text": "in. What I would love to see is this"}, {"start": "00:05:13", "end": "00:05:17", "text": "getting bigger. If price was staying the"}, {"start": "00:05:15", "end": "00:05:20", "text": "same and open interest was searching"}, {"start": "00:05:17", "end": "00:05:23", "text": "higher, that'd be bullish. We don't want"}, {"start": "00:05:20", "end": "00:05:24", "text": "to see open interest getting lower. That"}, {"start": "00:05:23", "end": "00:05:27", "text": "means people are elsewhere. They're on"}, {"start": "00:05:24", "end": "00:05:29", "text": "AI. They're on macro. They're trading"}, {"start": "00:05:27", "end": "00:05:30", "text": "oil. We want them back in Bitcoin. We"}, {"start": "00:05:29", "end": "00:05:33", "text": "want this to go higher. And looking at"}, {"start": "00:05:30", "end": "00:05:34", "text": "the daily exchange volume for all of"}, {"start": "00:05:33", "end": "00:05:38", "text": "crypto, so not just Bitcoin, all of"}, {"start": "00:05:34", "end": "00:05:41", "text": "crypto. This is all exchange volume for"}, {"start": "00:05:38", "end": "00:05:43", "text": "the past 12 months. Volume is"}, {"start": "00:05:41", "end": "00:05:47", "text": "decreasing. This confirms interest is"}, {"start": "00:05:43", "end": "00:05:48", "text": "waning at the moment. I need to see this"}, {"start": "00:05:47", "end": "00:05:51", "text": "start ticking back up. If volume was"}, {"start": "00:05:48", "end": "00:05:54", "text": "coming up, a signal will be when daily"}, {"start": "00:05:51", "end": "00:05:57", "text": "exchange volume starts ticking back up."}, {"start": "00:05:54", "end": "00:06:00", "text": "Even if price just stays the same, even"}, {"start": "00:05:57", "end": "00:06:01", "text": "see, we've been rallying and volume"}, {"start": "00:06:00", "end": "00:06:05", "text": "hasn't really picked up. To me, that"}, {"start": "00:06:01", "end": "00:06:06", "text": "suggests we are going to see a dump"}, {"start": "00:06:05", "end": "00:06:09", "text": "after the golden cross. It's nothing"}, {"start": "00:06:06", "end": "00:06:11", "text": "new. We've seen it before, but long-term"}, {"start": "00:06:09", "end": "00:06:13", "text": "it does not invalidate the trend. Keep"}, {"start": "00:06:11", "end": "00:06:16", "text": "that in mind. By the way, anybody"}, {"start": "00:06:13", "end": "00:06:18", "text": "trading, pro tips, if you want to trade,"}, {"start": "00:06:16", "end": "00:06:21", "text": "the safest way to trade, make sure your"}, {"start": "00:06:18", "end": "00:06:23", "text": "margin mode is isolated. That's what pro"}, {"start": "00:06:21", "end": "00:06:26", "text": "traders, that's just the safer way to"}, {"start": "00:06:23", "end": "00:06:27", "text": "trade. And whether you're opening a"}, {"start": "00:06:26", "end": "00:06:29", "text": "long, whether you're bullish, whether"}, {"start": "00:06:27", "end": "00:06:30", "text": "you're opening a short, you're bearish."}, {"start": "00:06:29", "end": "00:06:34", "text": "And by the way, you don't have to trade"}, {"start": "00:06:30", "end": "00:06:36", "text": "Bitcoin. You can trade any of the top"}, {"start": "00:06:34", "end": "00:06:39", "text": "cryptos. I would say at least, they"}, {"start": "00:06:36", "end": "00:06:41", "text": "should at least have 50,000"}, {"start": "00:06:39", "end": "00:06:42", "text": "in volume. If there are volumes in the"}, {"start": "00:06:41", "end": "00:06:45", "text": "millions, that's even better. At least"}, {"start": "00:06:42", "end": "00:06:46", "text": "you don't want you want to avoid the low"}, {"start": "00:06:45", "end": "00:06:48", "text": "volume altcoins. That's how you get"}, {"start": "00:06:46", "end": "00:06:50", "text": "wrecked. But anybody trading, make sure"}, {"start": "00:06:48", "end": "00:06:54", "text": "you check out our video, how to actually"}, {"start": "00:06:50", "end": "00:06:55", "text": "make $180 per day trading crypto for"}, {"start": "00:06:54", "end": "00:06:58", "text": "beginners. We go over some basic"}, {"start": "00:06:55", "end": "00:07:00", "text": "strategies. And when we combine our"}, {"start": "00:06:58", "end": "00:07:02", "text": "trading with fundamental news, that"}, {"start": "00:07:00", "end": "00:07:06", "text": "helps us paint a better picture."}, {"start": "00:07:02", "end": "00:07:07", "text": "Staking. Ethereum staking ratio reaches"}, {"start": "00:07:06", "end": "00:07:09", "text": "32.4%"}, {"start": "00:07:07", "end": "00:07:12", "text": "marking an all-time high. meaning a"}, {"start": "00:07:09", "end": "00:07:14", "text": "greater percent of Ethereum's supply is"}, {"start": "00:07:12", "end": "00:07:17", "text": "being staked more than ever before."}, {"start": "00:07:14", "end": "00:07:18", "text": "Meaning the people holding Ethereum,"}, {"start": "00:07:17", "end": "00:07:20", "text": "they're not they're not really"}, {"start": "00:07:18", "end": "00:07:21", "text": "interested in selling at these levels."}, {"start": "00:07:20", "end": "00:07:23", "text": "They're interested in staking. If they"}, {"start": "00:07:21", "end": "00:07:24", "text": "were interested in selling, we'd see the"}, {"start": "00:07:23", "end": "00:07:27", "text": "staking start to go down, people taking"}, {"start": "00:07:24", "end": "00:07:30", "text": "profits. We saw that the sellers to me"}, {"start": "00:07:27", "end": "00:07:34", "text": "seem exhausted and very bullish news for"}, {"start": "00:07:30", "end": "00:07:36", "text": "Solana and ETH. SoFi, which has millions"}, {"start": "00:07:34", "end": "00:07:39", "text": "and millions of users on their app,"}, {"start": "00:07:36", "end": "00:07:41", "text": "launch SoFi USD stablecoin across ETH,"}, {"start": "00:07:39", "end": "00:07:43", "text": "which is what we expect, very bullish"}, {"start": "00:07:41", "end": "00:07:45", "text": "for ETH, but they also chose Solana."}, {"start": "00:07:43", "end": "00:07:48", "text": ">> So the new news is we're launching SoFi"}, {"start": "00:07:45", "end": "00:07:50", "text": "USD on Salana. We're really excited"}, {"start": "00:07:48", "end": "00:07:53", "text": "about it. We think that it is the right"}, {"start": "00:07:50", "end": "00:07:54", "text": "chain to use um for payments um"}, {"start": "00:07:53", "end": "00:07:56", "text": "partially because of the cost, partially"}, {"start": "00:07:54", "end": "00:07:57", "text": "because of the settlement speed, and"}, {"start": "00:07:56", "end": "00:07:59", "text": "ultimately the throughput."}, {"start": "00:07:57", "end": "00:08:01", "text": ">> Again, we see the fundamentals"}, {"start": "00:07:59", "end": "00:08:04", "text": "improving. If we go to any of these"}, {"start": "00:08:01", "end": "00:08:07", "text": "coins, we'll check out Sana always has"}, {"start": "00:08:04", "end": "00:08:10", "text": "huge volume and price"}, {"start": "00:08:07", "end": "00:08:12", "text": "is waning. Price looks depressed. Price"}, {"start": "00:08:10", "end": "00:08:14", "text": "looks horrible. We first need to see a"}, {"start": "00:08:12", "end": "00:08:17", "text": "confirmation and then a breakout and"}, {"start": "00:08:14", "end": "00:08:20", "text": "then maybe Salana has its golden cross."}, {"start": "00:08:17", "end": "00:08:22", "text": "And while we reported this to you a bit"}, {"start": "00:08:20", "end": "00:08:25", "text": "the other day, SpaceX reveals a $1"}, {"start": "00:08:22", "end": "00:08:27", "text": "billion bet on Bitcoin. They have to"}, {"start": "00:08:25", "end": "00:08:30", "text": "disclose this before their historic IPO."}, {"start": "00:08:27", "end": "00:08:32", "text": "According to an SEC filing on Wednesday,"}, {"start": "00:08:30", "end": "00:08:35", "text": "Elon Musk SpaceX holds more than twice"}, {"start": "00:08:32", "end": "00:08:36", "text": "as much Bitcoin as previously estimated."}, {"start": "00:08:35", "end": "00:08:38", "text": "Here to break it all down with us is"}, {"start": "00:08:36", "end": "00:08:40", "text": "Bloomberg's Ed Lelo, co-host of"}, {"start": "00:08:38", "end": "00:08:41", "text": "Bloomberg Technology. Ed, Elon Musk's"}, {"start": "00:08:40", "end": "00:08:43", "text": "view on Bitcoin have swung between"}, {"start": "00:08:41", "end": "00:08:45", "text": "endorsement to skepticism. Where does it"}, {"start": "00:08:43", "end": "00:08:46", "text": "stand right now?"}, {"start": "00:08:45", "end": "00:08:49", "text": ">> Yeah, there's a big difference in the"}, {"start": "00:08:46", "end": "00:08:51", "text": "SpaceX story between the what and why of"}, {"start": "00:08:49", "end": "00:08:54", "text": "of these Bitcoin holdings. So, as of uh"}, {"start": "00:08:51", "end": "00:08:57", "text": "that regulatory filing, they hold 18,712"}, {"start": "00:08:54", "end": "00:09:00", "text": "Bitcoin and the average purchase price"}, {"start": "00:08:57", "end": "00:09:04", "text": "over the history of the holdings. It's"}, {"start": "00:09:00", "end": "00:09:06", "text": "like $35,000 US per token. So, Bitcoin"}, {"start": "00:09:04", "end": "00:09:08", "text": "costs them about $661 million to"}, {"start": "00:09:06", "end": "00:09:10", "text": "acquire. The value of the holdings is"}, {"start": "00:09:08", "end": "00:09:12", "text": "$1.3 billion. And like the way that"}, {"start": "00:09:10", "end": "00:09:15", "text": "SpaceX would tell it is what are they"}, {"start": "00:09:12", "end": "00:09:17", "text": "treating this as? Basically, it's held"}, {"start": "00:09:15", "end": "00:09:20", "text": "as a Treasury reserve asset just in the"}, {"start": "00:09:17", "end": "00:09:22", "text": "way that cash or bonds would be. but by"}, {"start": "00:09:20", "end": "00:09:24", "text": "a custodian third party. That's very"}, {"start": "00:09:22", "end": "00:09:26", "text": "different to saying like, well, what is"}, {"start": "00:09:24", "end": "00:09:28", "text": "Elon Musk's attitude to it? You don't"}, {"start": "00:09:26", "end": "00:09:30", "text": "get that from the filing itself."}, {"start": "00:09:28", "end": "00:09:33", "text": ">> Listen to the response. Elon is using"}, {"start": "00:09:30", "end": "00:09:36", "text": "Bitcoin for its intended purpose as a"}, {"start": "00:09:33", "end": "00:09:37", "text": "store of value, a strategic reserve for"}, {"start": "00:09:36", "end": "00:09:39", "text": "SpaceX."}, {"start": "00:09:37", "end": "00:09:40", "text": ">> I mean, Tesla accepted Bitcoin payments"}, {"start": "00:09:39", "end": "00:09:42", "text": "before and reversed course. Do you think"}, {"start": "00:09:40", "end": "00:09:43", "text": "the same will happen with SpaceX?"}, {"start": "00:09:42", "end": "00:09:46", "text": ">> It's never, but it's never really taken"}, {"start": "00:09:43", "end": "00:09:49", "text": "off. And you know, I think that SpaceX,"}, {"start": "00:09:46", "end": "00:09:51", "text": "right, remember this is an S1 where"}, {"start": "00:09:49", "end": "00:09:54", "text": "everything has to be completely buttoned"}, {"start": "00:09:51", "end": "00:09:56", "text": "up in disclosures, be they boilerplate"}, {"start": "00:09:54", "end": "00:09:58", "text": "or very real warnings to investors ahead"}, {"start": "00:09:56", "end": "00:10:01", "text": "of the IPO. And this is a very"}, {"start": "00:09:58", "end": "00:10:03", "text": "sophisticated um finance or or treasury"}, {"start": "00:10:01", "end": "00:10:06", "text": "or at SpaceX. So that's reserve cash or"}, {"start": "00:10:03", "end": "00:10:08", "text": "reserve asset seems to be the logic"}, {"start": "00:10:06", "end": "00:10:10", "text": "outlined by the doc. If you got value in"}, {"start": "00:10:08", "end": "00:10:12", "text": "today's video, click subscribe, join our"}, {"start": "00:10:10", "end": "00:10:14", "text": "team. It's completely free. It cost you"}, {"start": "00:10:12", "end": "00:10:17", "text": "nothing. And we are trying to hit 1.7"}, {"start": "00:10:14", "end": "00:10:19", "text": "million subscribers before the end of"}, {"start": "00:10:17", "end": "00:10:19", "text": "the year."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "big news involving ETH. The amount of"}, {"start": "00:00:02", "end": "00:00:09", "text": "ETH being staked literally just hit a"}, {"start": "00:00:06", "end": "00:00:12", "text": "new all-time high. What this tells me is"}, {"start": "00:00:09", "end": "00:00:15", "text": "that Ethereum holders are not interested"}, {"start": "00:00:12", "end": "00:00:17", "text": "in selling. If if they were interested"}, {"start": "00:00:15", "end": "00:00:19", "text": "in selling, then they'd be unstaking"}, {"start": "00:00:17", "end": "00:00:22", "text": "their ETH, taking it to an exchange to"}, {"start": "00:00:19", "end": "00:00:24", "text": "eventually sell. And we did see a dip in"}, {"start": "00:00:22", "end": "00:00:27", "text": "that about 3 six months ago. The fact"}, {"start": "00:00:24", "end": "00:00:29", "text": "that staking just hit an all-time high"}, {"start": "00:00:27", "end": "00:00:32", "text": "for Ethereum shows strength. That"}, {"start": "00:00:29", "end": "00:00:32", "text": "signal."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "There's something really weird going on"}, {"start": "00:00:02", "end": "00:00:07", "text": "right now. Let me share with you some"}, {"start": "00:00:05", "end": "00:00:10", "text": "information that might change your mind"}, {"start": "00:00:07", "end": "00:00:13", "text": "on what comes next for Bitcoin. First of"}, {"start": "00:00:10", "end": "00:00:17", "text": "all, this Bitfinex Wales are positioned"}, {"start": "00:00:13", "end": "00:00:19", "text": "massively long surprisingly on Bitcoin,"}, {"start": "00:00:17", "end": "00:00:21", "text": "meaning the smartest money on the most"}, {"start": "00:00:19", "end": "00:00:24", "text": "professional exchange is loading up or"}, {"start": "00:00:21", "end": "00:00:27", "text": "betting prices go up. At the same time,"}, {"start": "00:00:24", "end": "00:00:30", "text": "Bitcoin, although price is down today at"}, {"start": "00:00:27", "end": "00:00:34", "text": "75K, key market structure has not been"}, {"start": "00:00:30", "end": "00:00:37", "text": "broken. In fact, support has just been"}, {"start": "00:00:34", "end": "00:00:40", "text": "back tested successfully. This is a"}, {"start": "00:00:37", "end": "00:00:43", "text": "textbook continuation setup, especially"}, {"start": "00:00:40", "end": "00:00:46", "text": "with the stock markets Russell 2000."}, {"start": "00:00:43", "end": "00:00:50", "text": "This is small caps in the S&P 500"}, {"start": "00:00:46", "end": "00:00:52", "text": "already in expansion. Bitcoin is likely"}, {"start": "00:00:50", "end": "00:00:55", "text": "next. It is important to note that"}, {"start": "00:00:52", "end": "00:00:57", "text": "despite the huge amount of Bitcoin being"}, {"start": "00:00:55", "end": "00:01:00", "text": "sold right now, Bitcoin price is holding"}, {"start": "00:00:57", "end": "00:01:03", "text": "up surprisingly well. Even Eric"}, {"start": "00:01:00", "end": "00:01:05", "text": "Belchunis, the senior ETF analyst for"}, {"start": "00:01:03", "end": "00:01:08", "text": "Bloomberg, agrees. The market is"}, {"start": "00:01:05", "end": "00:01:08", "text": "absorbing it"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "We do think there is an asset allocation"}, {"start": "00:00:03", "end": "00:00:08", "text": "shift beginning."}, {"start": "00:00:05", "end": "00:00:11", "text": ">> Something truly weird is going on in"}, {"start": "00:00:08", "end": "00:00:14", "text": "Bitcoin today. As the stock market led"}, {"start": "00:00:11", "end": "00:00:17", "text": "by AI continues to make all-time high"}, {"start": "00:00:14", "end": "00:00:21", "text": "after all-time high, Bitcoin takes a"}, {"start": "00:00:17", "end": "00:00:24", "text": "tumble. 75K. You won't believe what"}, {"start": "00:00:21", "end": "00:00:27", "text": "we're discovering about who is really"}, {"start": "00:00:24", "end": "00:00:30", "text": "behind this. A dark pool of large"}, {"start": "00:00:27", "end": "00:00:33", "text": "capital is selling their Bitcoin via"}, {"start": "00:00:30", "end": "00:00:36", "text": "Black Rockck. So why are large pools of"}, {"start": "00:00:33", "end": "00:00:39", "text": "capital selling? Why is Bitcoin"}, {"start": "00:00:36", "end": "00:00:42", "text": "underperforming? Especially with so many"}, {"start": "00:00:39", "end": "00:00:45", "text": "tailwinds seemingly ahead of us. Clarity"}, {"start": "00:00:42", "end": "00:00:48", "text": "Act incoming, Treasury companies buying,"}, {"start": "00:00:45", "end": "00:00:51", "text": "war in Iran winding down, new pro-"}, {"start": "00:00:48", "end": "00:00:53", "text": "crypto Fed chair, midterms in November,"}, {"start": "00:00:51", "end": "00:00:55", "text": "stocks at all-time highs, real estate at"}, {"start": "00:00:53", "end": "00:00:59", "text": "all-time highs, AI companies going"}, {"start": "00:00:55", "end": "00:01:02", "text": "parabolic. Make it make sense. This is"}, {"start": "00:00:59", "end": "00:01:04", "text": "what we do at Altcoin Daily. Subscribe"}, {"start": "00:01:02", "end": "00:01:06", "text": "to our channel. We are the largest"}, {"start": "00:01:04", "end": "00:01:08", "text": "crypto community in the world. Let's"}, {"start": "00:01:06", "end": "00:01:11", "text": "find out more about the dark pool of"}, {"start": "00:01:08", "end": "00:01:14", "text": "capital selling via Black Rockck. Is it"}, {"start": "00:01:11", "end": "00:01:19", "text": "Larry Frink? Is it Michael Sailor? Is it"}, {"start": "00:01:14", "end": "00:01:22", "text": "somebody connected high up? 1.3 billion"}, {"start": "00:01:19", "end": "00:01:26", "text": "darkpool dump shakes the Bitcoin market."}, {"start": "00:01:22", "end": "00:01:29", "text": "A massive 1.29 billion darkpool block"}, {"start": "00:01:26", "end": "00:01:32", "text": "trade. This basically means OTC trade"}, {"start": "00:01:29", "end": "00:01:35", "text": "hit Black Rockck's IBIT this morning,"}, {"start": "00:01:32", "end": "00:01:38", "text": "10:30 a.m. Market traders are calling"}, {"start": "00:01:35", "end": "00:01:42", "text": "this one of the largest, if not the"}, {"start": "00:01:38", "end": "00:01:45", "text": "largest, institutional Bitcoin ETF dump"}, {"start": "00:01:42", "end": "00:01:48", "text": "ever recorded. The sale of the Bitcoin"}, {"start": "00:01:45", "end": "00:01:51", "text": "coincided with the large red candle. So,"}, {"start": "00:01:48", "end": "00:01:54", "text": "we know this dark pool of capital caused"}, {"start": "00:01:51", "end": "00:01:57", "text": "the price to dump. So, who is behind"}, {"start": "00:01:54", "end": "00:02:02", "text": "this dark pool of capital? Why is this"}, {"start": "00:01:57", "end": "00:02:04", "text": "happening? What the heck is going on? It"}, {"start": "00:02:02", "end": "00:02:06", "text": "is important to note that despite the"}, {"start": "00:02:04", "end": "00:02:09", "text": "huge amount of Bitcoin being sold right"}, {"start": "00:02:06", "end": "00:02:12", "text": "now, Bitcoin price is holding up"}, {"start": "00:02:09", "end": "00:02:15", "text": "surprisingly well. Even Eric Belchunis,"}, {"start": "00:02:12", "end": "00:02:18", "text": "the senior ETF analyst for Bloomberg,"}, {"start": "00:02:15", "end": "00:02:21", "text": "agrees. The market is absorbing it well."}, {"start": "00:02:18", "end": "00:02:24", "text": "And to go even further, the market has"}, {"start": "00:02:21", "end": "00:02:27", "text": "been absorbing a lot of sell pressure"}, {"start": "00:02:24", "end": "00:02:29", "text": "really well since October 10th. Since"}, {"start": "00:02:27", "end": "00:02:31", "text": "October 10th, a lot of people consider"}, {"start": "00:02:29", "end": "00:02:35", "text": "this the date of 2025, the start of this"}, {"start": "00:02:31", "end": "00:02:38", "text": "bare market, 4.45 million Bitcoin has"}, {"start": "00:02:35", "end": "00:02:42", "text": "been distributed onchain from these cost"}, {"start": "00:02:38", "end": "00:02:44", "text": "basis cohorts. A lot of Bitcoin has been"}, {"start": "00:02:42", "end": "00:02:47", "text": "absorbed by new buyers and the market is"}, {"start": "00:02:44", "end": "00:02:50", "text": "holding up well and we are still at 75K."}, {"start": "00:02:47", "end": "00:02:52", "text": "Like I said, there's something really"}, {"start": "00:02:50", "end": "00:02:55", "text": "weird going on right now. Let me share"}, {"start": "00:02:52", "end": "00:02:57", "text": "with you some information that might"}, {"start": "00:02:55", "end": "00:03:00", "text": "change your mind on what comes next for"}, {"start": "00:02:57", "end": "00:03:04", "text": "Bitcoin. First of all, this Bitfinex"}, {"start": "00:03:00", "end": "00:03:06", "text": "Wales are positioned massively long"}, {"start": "00:03:04", "end": "00:03:08", "text": "surprisingly on Bitcoin, meaning the"}, {"start": "00:03:06", "end": "00:03:11", "text": "smartest money on the most professional"}, {"start": "00:03:08", "end": "00:03:13", "text": "exchange is loading up or betting prices"}, {"start": "00:03:11", "end": "00:03:17", "text": "go up. At the same time, Bitcoin,"}, {"start": "00:03:13", "end": "00:03:20", "text": "although price is down today at 75K, key"}, {"start": "00:03:17", "end": "00:03:24", "text": "market structure has not been broken. In"}, {"start": "00:03:20", "end": "00:03:26", "text": "fact, support has just been back tested"}, {"start": "00:03:24", "end": "00:03:29", "text": "successfully. This is a textbook"}, {"start": "00:03:26", "end": "00:03:32", "text": "continuation setup, especially with the"}, {"start": "00:03:29", "end": "00:03:35", "text": "stock markets Russell 2000. This is"}, {"start": "00:03:32", "end": "00:03:39", "text": "small caps in the S&P 500 already in"}, {"start": "00:03:35", "end": "00:03:42", "text": "expansion. Bitcoin is likely next. It is"}, {"start": "00:03:39", "end": "00:03:45", "text": "institutions as one of three big demand"}, {"start": "00:03:42", "end": "00:03:48", "text": "verticals that are going to take Bitcoin"}, {"start": "00:03:45", "end": "00:03:50", "text": "to its next level. The host of Fox"}, {"start": "00:03:48", "end": "00:03:53", "text": "Business was surprised to hear her bull"}, {"start": "00:03:50", "end": "00:03:56", "text": "case for Bitcoin over the next 5 years"}, {"start": "00:03:53", "end": "00:03:58", "text": "is still 1,250,000."}, {"start": "00:03:56", "end": "00:04:01", "text": "Her base case for Bitcoin 5 years from"}, {"start": "00:03:58", "end": "00:04:02", "text": "now is 750,000."}, {"start": "00:04:01", "end": "00:04:04", "text": "What's going to take Bitcoin to these"}, {"start": "00:04:02", "end": "00:04:06", "text": "astronomical prices? Well, it's a"}, {"start": "00:04:04", "end": "00:04:08", "text": "substitution for gold. There's a"}, {"start": "00:04:06", "end": "00:04:10", "text": "generational wealth transfer going on"}, {"start": "00:04:08", "end": "00:04:12", "text": "right now. Bitcoin is an emerging market"}, {"start": "00:04:10", "end": "00:04:14", "text": "insurance policy. The stable coin"}, {"start": "00:04:12", "end": "00:04:17", "text": "adoption is going to shift to crypto"}, {"start": "00:04:14", "end": "00:04:18", "text": "adoption and massive institutional"}, {"start": "00:04:17", "end": "00:04:21", "text": "adoption will occur."}, {"start": "00:04:18", "end": "00:04:24", "text": ">> Your most recent call for Bitcoin to be"}, {"start": "00:04:21", "end": "00:04:26", "text": "worth 1,250,000"}, {"start": "00:04:24", "end": "00:04:28", "text": "over the next 5 years. I got to be"}, {"start": "00:04:26", "end": "00:04:29", "text": "honest, has even some Bitcoin bulls"}, {"start": "00:04:28", "end": "00:04:32", "text": "think it might be too aggressive. So,"}, {"start": "00:04:29", "end": "00:04:36", "text": "walk us through this."}, {"start": "00:04:32", "end": "00:04:38", "text": ">> Sure. Uh well the way we get to uh that"}, {"start": "00:04:36", "end": "00:04:41", "text": "number now that is our bull case. Our"}, {"start": "00:04:38", "end": "00:04:44", "text": "base case is closer to 750,000"}, {"start": "00:04:41", "end": "00:04:47", "text": "but the bull case uh involves a"}, {"start": "00:04:44", "end": "00:04:49", "text": "substitution for gold. So as"}, {"start": "00:04:47", "end": "00:04:52", "text": "generational wealth transfer takes"}, {"start": "00:04:49", "end": "00:04:55", "text": "place. We think uh we think that younger"}, {"start": "00:04:52", "end": "00:04:58", "text": "people are more prone to uh adopting a"}, {"start": "00:04:55", "end": "00:05:02", "text": "digital store of value. So that would be"}, {"start": "00:04:58", "end": "00:05:06", "text": "bitcoin. Uh the second is uh bitcoin is"}, {"start": "00:05:02", "end": "00:05:09", "text": "an insurance policy particularly in"}, {"start": "00:05:06", "end": "00:05:13", "text": "emerging markets against uh you know"}, {"start": "00:05:09", "end": "00:05:16", "text": "fiscal and monetary neglect uh at best"}, {"start": "00:05:13", "end": "00:05:19", "text": "or or corruption at worst. And so uh as"}, {"start": "00:05:16", "end": "00:05:22", "text": "wealth increases around the world, we"}, {"start": "00:05:19", "end": "00:05:24", "text": "think that uh individuals will shift"}, {"start": "00:05:22", "end": "00:05:27", "text": "from stable coins and that's been a very"}, {"start": "00:05:24", "end": "00:05:29", "text": "interesting development uh to bitcoin"}, {"start": "00:05:27", "end": "00:05:31", "text": "which has much more appreciation"}, {"start": "00:05:29", "end": "00:05:35", "text": "potential. But the biggest the biggest"}, {"start": "00:05:31", "end": "00:05:37", "text": "reason is institutional adoption. That"}, {"start": "00:05:35", "end": "00:05:41", "text": "is the biggest. This is a new asset"}, {"start": "00:05:37", "end": "00:05:43", "text": "class. it has very low correlation"}, {"start": "00:05:41", "end": "00:05:47", "text": "uh to other asset classes in terms of"}, {"start": "00:05:43", "end": "00:05:50", "text": "risks and returns. Uh and so every asset"}, {"start": "00:05:47", "end": "00:05:54", "text": "allocator has a responsibility to"}, {"start": "00:05:50", "end": "00:05:56", "text": "examine it because it will increase risk"}, {"start": "00:05:54", "end": "00:05:59", "text": "adjusted returns over time."}, {"start": "00:05:56", "end": "00:06:02", "text": ">> And by the way, the bull case is"}, {"start": "00:05:59", "end": "00:06:04", "text": "contingent on the Clarity Act passing."}, {"start": "00:06:02", "end": "00:06:06", "text": "You talk about these large institutions"}, {"start": "00:06:04", "end": "00:06:08", "text": "coming into the marketplace for Bitcoin,"}, {"start": "00:06:06", "end": "00:06:10", "text": "crypto, also doing things on the"}, {"start": "00:06:08", "end": "00:06:13", "text": "blockchain. Will they demand more"}, {"start": "00:06:10", "end": "00:06:16", "text": "regulation?"}, {"start": "00:06:13", "end": "00:06:19", "text": ">> I think uh the Genius Act and soon"}, {"start": "00:06:16", "end": "00:06:22", "text": "hopefully the Clar uh clarity act um"}, {"start": "00:06:19", "end": "00:06:25", "text": "will set the stage appropriately for"}, {"start": "00:06:22", "end": "00:06:27", "text": "this space to flourish and for"}, {"start": "00:06:25", "end": "00:06:30", "text": "institutions especially clarity. I mean,"}, {"start": "00:06:27", "end": "00:06:34", "text": "the administration wants it uh done by"}, {"start": "00:06:30", "end": "00:06:37", "text": "July 4th, our 250th birthday. Uh but uh"}, {"start": "00:06:34", "end": "00:06:39", "text": "uh I don't know if we'll get there. Uh I"}, {"start": "00:06:37", "end": "00:06:42", "text": "think once we do, because the odds have"}, {"start": "00:06:39", "end": "00:06:45", "text": "gone up recently that it will be passed,"}, {"start": "00:06:42", "end": "00:06:47", "text": "uh that we will see much more of an"}, {"start": "00:06:45", "end": "00:06:49", "text": "institutional swish into the space."}, {"start": "00:06:47", "end": "00:06:52", "text": ">> But all the selling that's going on"}, {"start": "00:06:49", "end": "00:06:55", "text": "right now is being sold to the"}, {"start": "00:06:52", "end": "00:06:58", "text": "institutional Wall Street class. This is"}, {"start": "00:06:55", "end": "00:07:01", "text": "a very strong class of buyers coming in."}, {"start": "00:06:58", "end": "00:07:03", "text": "So there is reason to be bullish on"}, {"start": "00:07:01", "end": "00:07:06", "text": "Bitcoin which at this point might be the"}, {"start": "00:07:03", "end": "00:07:10", "text": "counternarrative. Again, Bitcoin monthly"}, {"start": "00:07:06", "end": "00:07:13", "text": "RSI is at bare market bottom levels. Yet"}, {"start": "00:07:10", "end": "00:07:16", "text": "super trend is still long. This has"}, {"start": "00:07:13", "end": "00:07:18", "text": "never happened in any previous cycle,"}, {"start": "00:07:16", "end": "00:07:21", "text": "i.e. it is different this time. Since"}, {"start": "00:07:18", "end": "00:07:24", "text": "the Iran war started in early March,"}, {"start": "00:07:21", "end": "00:07:26", "text": "Bitcoin hasn't broken, held steady"}, {"start": "00:07:24", "end": "00:07:30", "text": "through conflict, sanctions, and closed"}, {"start": "00:07:26", "end": "00:07:32", "text": "shipping lanes. In fact, if May ends"}, {"start": "00:07:30", "end": "00:07:34", "text": "bullish, and May is about to end soon,"}, {"start": "00:07:32", "end": "00:07:37", "text": "so we'll just have to wait and see. That"}, {"start": "00:07:34", "end": "00:07:41", "text": "has never happened in a Bitcoin bare"}, {"start": "00:07:37", "end": "00:07:43", "text": "market before. 5 days left to close."}, {"start": "00:07:41", "end": "00:07:45", "text": "This could indicate maybe this time is"}, {"start": "00:07:43", "end": "00:07:48", "text": "different. Maybe Bitcoin isn't in a"}, {"start": "00:07:45", "end": "00:07:50", "text": "cycle bear market like before. Altcoins"}, {"start": "00:07:48", "end": "00:07:54", "text": "are getting close, my friends. Altcoins"}, {"start": "00:07:50", "end": "00:07:57", "text": "are getting close. Alt season incoming."}, {"start": "00:07:54", "end": "00:08:00", "text": "Altcoin dominance golden cross on track"}, {"start": "00:07:57", "end": "00:08:03", "text": "for September. Interesting. Look what"}, {"start": "00:08:00", "end": "00:08:05", "text": "happened in the past. It is very much"}, {"start": "00:08:03", "end": "00:08:08", "text": "possible that altcoin dominance is on"}, {"start": "00:08:05", "end": "00:08:11", "text": "the verge of a very large move into the"}, {"start": "00:08:08", "end": "00:08:14", "text": "golden cross in September as it did the"}, {"start": "00:08:11", "end": "00:08:17", "text": "last two prior crosses. So, there's a"}, {"start": "00:08:14", "end": "00:08:20", "text": "lot of reason to be bullish. 75K used to"}, {"start": "00:08:17", "end": "00:08:23", "text": "be the dream. Today it's a bummer. By"}, {"start": "00:08:20", "end": "00:08:26", "text": "the malaise, by the boredom, by the"}, {"start": "00:08:23", "end": "00:08:28", "text": "negative sentiment in crypto. My name is"}, {"start": "00:08:26", "end": "00:08:30", "text": "Aaron at Altcoin Daily. Subscribe to our"}, {"start": "00:08:28", "end": "00:08:32", "text": "channel. Join our team. We put out one"}, {"start": "00:08:30", "end": "00:08:35", "text": "video every day keeping you informed on"}, {"start": "00:08:32", "end": "00:08:37", "text": "everything crypto. See you tomorrow, my"}, {"start": "00:08:35", "end": "00:08:37", "text": "friends."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "You know, this correction that we're"}, {"start": "00:00:01", "end": "00:00:07", "text": "seeing right now could be very likely a"}, {"start": "00:00:04", "end": "00:00:10", "text": "retest of past resistance now turned"}, {"start": "00:00:07", "end": "00:00:13", "text": "into support before Bitcoin shoots up"}, {"start": "00:00:10", "end": "00:00:15", "text": "like a rocket off its launchpad. So, let"}, {"start": "00:00:13", "end": "00:00:17", "text": "me give you the bull case by 7-year"}, {"start": "00:00:15", "end": "00:00:21", "text": "crypto veteran macro specialist"}, {"start": "00:00:17", "end": "00:00:23", "text": "Psychedelic. So, if we close the week"}, {"start": "00:00:21", "end": "00:00:26", "text": "above 74,400, right now we are very much"}, {"start": "00:00:23", "end": "00:00:28", "text": "above that. That would make me very"}, {"start": "00:00:26", "end": "00:00:31", "text": "bullish because that would be within the"}, {"start": "00:00:28", "end": "00:00:34", "text": "bull market support band and above the"}, {"start": "00:00:31", "end": "00:00:37", "text": "highframe bullish structure. This will"}, {"start": "00:00:34", "end": "00:00:40", "text": "end up being a retest of the break of"}, {"start": "00:00:37", "end": "00:00:44", "text": "structure that came from reclaiming that"}, {"start": "00:00:40", "end": "00:00:47", "text": "2025 yearly low. We will then very"}, {"start": "00:00:44", "end": "00:00:49", "text": "likely get some low stabs next week."}, {"start": "00:00:47", "end": "00:00:52", "text": "people thinking, \"Oh, here it comes"}, {"start": "00:00:49", "end": "00:00:54", "text": "potentially below 74,400 to tempt the"}, {"start": "00:00:52", "end": "00:00:57", "text": "bears, which they will attempt to short"}, {"start": "00:00:54", "end": "00:01:00", "text": "into oblivion. From there, we will begin"}, {"start": "00:00:57", "end": "00:01:02", "text": "to uptrend in June.\" That is what I"}, {"start": "00:01:00", "end": "00:01:04", "text": "believe will happen and what I have been"}, {"start": "00:01:02", "end": "00:01:09", "text": "saying for a while. It is my view that"}, {"start": "00:01:04", "end": "00:01:09", "text": "the macro low is in big if"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "And I think we have a massive tailwind"}, {"start": "00:00:02", "end": "00:00:06", "text": "of everyone wanting to have 1% or 2% of"}, {"start": "00:00:04", "end": "00:00:08", "text": "their portfolio in Bitcoin or Graham,"}, {"start": "00:00:06", "end": "00:00:09", "text": "you're probably like mid to upper single"}, {"start": "00:00:08", "end": "00:00:12", "text": "digits now, right?"}, {"start": "00:00:09", "end": "00:00:15", "text": ">> 12. Damn, that is a lot, dude."}, {"start": "00:00:12", "end": "00:00:17", "text": ">> Money expert and multi-million dollar"}, {"start": "00:00:15", "end": "00:00:20", "text": "investor Chris Camilillo on the Iced"}, {"start": "00:00:17", "end": "00:00:23", "text": "Coffee Hour podcast has a freak out,"}, {"start": "00:00:20", "end": "00:00:26", "text": "tells the host to sell his Bitcoin. How"}, {"start": "00:00:23", "end": "00:00:28", "text": "can you sit here and tell me that you're"}, {"start": "00:00:26", "end": "00:00:31", "text": "that you're conservative with this and"}, {"start": "00:00:28", "end": "00:00:33", "text": "diversified and have 12 barbell? Chris"}, {"start": "00:00:31", "end": "00:00:37", "text": "sounds the alarm for crypto investors."}, {"start": "00:00:33", "end": "00:00:40", "text": ">> Yeah, but there's tail risk that Bitcoin"}, {"start": "00:00:37", "end": "00:00:42", "text": "theoretically could go down a lot."}, {"start": "00:00:40", "end": "00:00:44", "text": ">> And with such a success rate,"}, {"start": "00:00:42", "end": "00:00:45", "text": ">> you were right about Amazon in our last"}, {"start": "00:00:44", "end": "00:00:48", "text": "podcast."}, {"start": "00:00:45", "end": "00:00:51", "text": ">> When Chris Camilillo speaks smart money,"}, {"start": "00:00:48", "end": "00:00:54", "text": "the market tends to listen. It's since"}, {"start": "00:00:51", "end": "00:00:56", "text": "been up about 30 to 40%. You were right"}, {"start": "00:00:54", "end": "00:01:00", "text": "about Bloom Energy. You called it around"}, {"start": "00:00:56", "end": "00:01:04", "text": "$60. It hit $300. Yet is now freaking"}, {"start": "00:01:00", "end": "00:01:07", "text": "out over a 12% Bitcoin position."}, {"start": "00:01:04", "end": "00:01:09", "text": ">> That's like having 12% in one stock. I"}, {"start": "00:01:07", "end": "00:01:11", "text": "think that's really risky, dude. I don't"}, {"start": "00:01:09", "end": "00:01:15", "text": "like that. from an investor who self"}, {"start": "00:01:11", "end": "00:01:18", "text": "admits he owns 70% of his portfolio in"}, {"start": "00:01:15", "end": "00:01:19", "text": "one single tech stock and it's levered"}, {"start": "00:01:18", "end": "00:01:22", "text": "up."}, {"start": "00:01:19", "end": "00:01:22", "text": ">> Roughly 70% of my portfolio."}, {"start": "00:01:22", "end": "00:01:25", "text": ">> Oh,"}, {"start": "00:01:22", "end": "00:01:28", "text": ">> listen very very carefully to what comes"}, {"start": "00:01:25", "end": "00:01:30", "text": "next. Let's watch this full clip then"}, {"start": "00:01:28", "end": "00:01:32", "text": "react. I want to share something with"}, {"start": "00:01:30", "end": "00:01:35", "text": "you. Bitcoin."}, {"start": "00:01:32", "end": "00:01:38", "text": "I'm going to put it in B tier because I"}, {"start": "00:01:35", "end": "00:01:41", "text": "do think as long as no one's able to"}, {"start": "00:01:38", "end": "00:01:44", "text": "crack Bitcoin and it remains this safe"}, {"start": "00:01:41", "end": "00:01:46", "text": "asset that you don't have to worry about"}, {"start": "00:01:44", "end": "00:01:48", "text": "losing."}, {"start": "00:01:46", "end": "00:01:51", "text": "We have a hundred trillion dollars of"}, {"start": "00:01:48", "end": "00:01:54", "text": "wealth transfer over the next 20 years."}, {"start": "00:01:51", "end": "00:01:56", "text": "And for every one gold bug, there's like"}, {"start": "00:01:54", "end": "00:01:58", "text": "10,000"}, {"start": "00:01:56", "end": "00:02:00", "text": "kids that believe in Bitcoin. I say kids"}, {"start": "00:01:58", "end": "00:02:02", "text": "in their 20s now, right? And I think we"}, {"start": "00:02:00", "end": "00:02:04", "text": "have a massive tailwind of everyone"}, {"start": "00:02:02", "end": "00:02:06", "text": "wanting to have 1% or 2% of their"}, {"start": "00:02:04", "end": "00:02:08", "text": "portfolio in Bitcoin. Or Graham, you're"}, {"start": "00:02:06", "end": "00:02:09", "text": "probably like mid to upper single digits"}, {"start": "00:02:08", "end": "00:02:10", "text": "now, right?"}, {"start": "00:02:09", "end": "00:02:13", "text": ">> 12."}, {"start": "00:02:10", "end": "00:02:16", "text": ">> Damn, that is a lot, dude. How can you"}, {"start": "00:02:13", "end": "00:02:18", "text": "sit here and tell me that you're that"}, {"start": "00:02:16", "end": "00:02:20", "text": "you're conservative with this and"}, {"start": "00:02:18", "end": "00:02:22", "text": "diversified and have 12?"}, {"start": "00:02:20", "end": "00:02:25", "text": ">> It's a barbell because I have way more"}, {"start": "00:02:22", "end": "00:02:28", "text": "than that in uh tax-free MUN bonds and"}, {"start": "00:02:25", "end": "00:02:32", "text": "treasuries. Yeah, but there's tail risk"}, {"start": "00:02:28", "end": "00:02:35", "text": "that Bitcoin theoretically could go down"}, {"start": "00:02:32", "end": "00:02:36", "text": "a lot in a theoretical situation with"}, {"start": "00:02:35", "end": "00:02:38", "text": "the security stuff."}, {"start": "00:02:36", "end": "00:02:42", "text": ">> To have 12%,"}, {"start": "00:02:38", "end": "00:02:44", "text": "that's like having 12% in one stock that"}, {"start": "00:02:42", "end": "00:02:46", "text": "has a high beta to it,"}, {"start": "00:02:44", "end": "00:02:48", "text": ">> a very high beta to it. I think that's"}, {"start": "00:02:46", "end": "00:02:50", "text": "really risky, dude. I don't like that. I"}, {"start": "00:02:48", "end": "00:02:53", "text": "would I didn't realize when I saw your"}, {"start": "00:02:50", "end": "00:02:55", "text": "portfolio, can I downgrade you to like a"}, {"start": "00:02:53", "end": "00:02:56", "text": "55?"}, {"start": "00:02:55", "end": "00:02:57", "text": "You're back down."}, {"start": "00:02:56", "end": "00:02:59", "text": ">> It could also double."}, {"start": "00:02:57", "end": "00:03:00", "text": ">> Could, but I don't like it. 55."}, {"start": "00:02:59", "end": "00:03:01", "text": ">> How"}, {"start": "00:03:00", "end": "00:03:02", "text": ">> 855."}, {"start": "00:03:01", "end": "00:03:06", "text": ">> How much would you trim it down to if"}, {"start": "00:03:02", "end": "00:03:07", "text": "it's a 12 right now?"}, {"start": "00:03:06", "end": "00:03:07", "text": ">> Five."}, {"start": "00:03:07", "end": "00:03:09", "text": ">> 5%."}, {"start": "00:03:07", "end": "00:03:10", "text": ">> I like what he says where it's like"}, {"start": "00:03:09", "end": "00:03:12", "text": "every single day you wake up, you're"}, {"start": "00:03:10", "end": "00:03:14", "text": "choosing to buy this amount, 12% of your"}, {"start": "00:03:12", "end": "00:03:16", "text": "portfolio of Bitcoin instead of other"}, {"start": "00:03:14", "end": "00:03:17", "text": "things that"}, {"start": "00:03:16", "end": "00:03:20", "text": ">> I think 12 is that much."}, {"start": "00:03:17", "end": "00:03:22", "text": ">> Dude, let me tell you something. Like"}, {"start": "00:03:20", "end": "00:03:24", "text": "I hang out with some of the biggest"}, {"start": "00:03:22", "end": "00:03:26", "text": "crypto guys and they still have huge"}, {"start": "00:03:24", "end": "00:03:29", "text": "crypto positions, but they've all been"}, {"start": "00:03:26", "end": "00:03:31", "text": "diversifi diversifying into deep tech"}, {"start": "00:03:29", "end": "00:03:34", "text": "the last 18 months. Like some of the"}, {"start": "00:03:31", "end": "00:03:37", "text": "biggest crypto guys in the world are all"}, {"start": "00:03:34", "end": "00:03:39", "text": "diversifying into deep tech, AI,"}, {"start": "00:03:37", "end": "00:03:41", "text": "robotics."}, {"start": "00:03:39", "end": "00:03:43", "text": "That's a lot for a guy like you to have"}, {"start": "00:03:41", "end": "00:03:45", "text": "in Bitcoin. That just feels like a lot,"}, {"start": "00:03:43", "end": "00:03:49", "text": "man. I'm just being honest. Chris"}, {"start": "00:03:45", "end": "00:03:51", "text": "Camilillo flat out says he takes large"}, {"start": "00:03:49", "end": "00:03:54", "text": "concentrated bets. Right now he's"}, {"start": "00:03:51", "end": "00:03:55", "text": "levered 70% in Amazon."}, {"start": "00:03:54", "end": "00:03:57", "text": ">> But when you say you're really heavy"}, {"start": "00:03:55", "end": "00:03:59", "text": "into Amazon, what does really heavy"}, {"start": "00:03:57", "end": "00:04:00", "text": "mean? Like are you taking out a levered"}, {"start": "00:03:59", "end": "00:04:03", "text": "position? Are you"}, {"start": "00:04:00", "end": "00:04:04", "text": ">> levered position? Are you Amazon would"}, {"start": "00:04:03", "end": "00:04:07", "text": "be"}, {"start": "00:04:04", "end": "00:04:08", "text": "roughly 70% of my portfolio."}, {"start": "00:04:07", "end": "00:04:10", "text": ">> Oh."}, {"start": "00:04:08", "end": "00:04:12", "text": ">> And he doesn't have a price target"}, {"start": "00:04:10", "end": "00:04:14", "text": "necessarily, but he knows when to sell"}, {"start": "00:04:12", "end": "00:04:16", "text": "when everybody in the market agrees with"}, {"start": "00:04:14", "end": "00:04:18", "text": "him. When it's general consensus that"}, {"start": "00:04:16", "end": "00:04:20", "text": "this thing's a great investment, it's"}, {"start": "00:04:18", "end": "00:04:23", "text": "going higher, that's the time to sell."}, {"start": "00:04:20", "end": "00:04:27", "text": ">> I I don't trade price and I don't have"}, {"start": "00:04:23", "end": "00:04:30", "text": "price targets. Um I exit my positions"}, {"start": "00:04:27", "end": "00:04:32", "text": "when the market at large uh agrees with"}, {"start": "00:04:30", "end": "00:04:34", "text": "me and the market at large definitely"}, {"start": "00:04:32", "end": "00:04:36", "text": "does not agree with me in its entirety"}, {"start": "00:04:34", "end": "00:04:39", "text": "as it relates to the way I think things"}, {"start": "00:04:36", "end": "00:04:42", "text": "will unfold with AI and specifically for"}, {"start": "00:04:39", "end": "00:04:44", "text": "Amazon. So this is counterpoint one out"}, {"start": "00:04:42", "end": "00:04:47", "text": "of three. But that same thesis is"}, {"start": "00:04:44", "end": "00:04:50", "text": "exactly what he's missing on Bitcoin"}, {"start": "00:04:47", "end": "00:04:54", "text": "because right now many much more of the"}, {"start": "00:04:50", "end": "00:04:56", "text": "world globally agrees that Amazon's a"}, {"start": "00:04:54", "end": "00:04:59", "text": "solid bet for the future. The AI play"}, {"start": "00:04:56", "end": "00:05:01", "text": "which Amazon's a piece of is a solid bet"}, {"start": "00:04:59", "end": "00:05:04", "text": "for the future versus Bitcoin because"}, {"start": "00:05:01", "end": "00:05:06", "text": "today everybody's screaming that Bitcoin"}, {"start": "00:05:04", "end": "00:05:09", "text": "is in a bare market. is going so much"}, {"start": "00:05:06", "end": "00:05:12", "text": "lower while AI stocks and Amazon are"}, {"start": "00:05:09", "end": "00:05:16", "text": "literally hitting all-time highs. Plus,"}, {"start": "00:05:12", "end": "00:05:19", "text": "Amazon is literally about double the"}, {"start": "00:05:16", "end": "00:05:21", "text": "value of Bitcoin. So, Chris, I'm not"}, {"start": "00:05:19", "end": "00:05:22", "text": "saying you have to sell Amazon. I think"}, {"start": "00:05:21", "end": "00:05:24", "text": "Amazon's going to do very well in the"}, {"start": "00:05:22", "end": "00:05:26", "text": "next decade, too. I'm a believer. But"}, {"start": "00:05:24", "end": "00:05:28", "text": "Bitcoin is the better opportunity."}, {"start": "00:05:26", "end": "00:05:32", "text": ">> I exit my positions when the market at"}, {"start": "00:05:28", "end": "00:05:33", "text": "large uh agrees with me, and the market"}, {"start": "00:05:32", "end": "00:05:36", "text": "at large definitely does not agree with"}, {"start": "00:05:33", "end": "00:05:39", "text": "me. That's great advice. Use that"}, {"start": "00:05:36", "end": "00:05:42", "text": "advice. Use that thesis for Bitcoin, for"}, {"start": "00:05:39", "end": "00:05:45", "text": "Ethereum, for Hyperlid, whatever your"}, {"start": "00:05:42", "end": "00:05:47", "text": "play is. Bitcoin being around 70% of my"}, {"start": "00:05:45", "end": "00:05:49", "text": "portfolio. That brings us to"}, {"start": "00:05:47", "end": "00:05:52", "text": "counterpoint number two. The exact words"}, {"start": "00:05:49", "end": "00:05:56", "text": "that Chris Camilillo said in his"}, {"start": "00:05:52", "end": "00:05:58", "text": "broadcast at the end of 2024. Let's"}, {"start": "00:05:56", "end": "00:06:02", "text": "check the price on that. Let's remember"}, {"start": "00:05:58", "end": "00:06:06", "text": "exactly where we were macro-wise at that"}, {"start": "00:06:02", "end": "00:06:09", "text": "time. In March, at November"}, {"start": "00:06:06", "end": "00:06:13", "text": "of 2024, Donald Trump has had just won"}, {"start": "00:06:09", "end": "00:06:17", "text": "the presidency. October, November."}, {"start": "00:06:13", "end": "00:06:22", "text": "Okay. So, the Bitcoin price at that time"}, {"start": "00:06:17", "end": "00:06:24", "text": "was around 9094,000."}, {"start": "00:06:22", "end": "00:06:26", "text": "When Bitcoin's price was around"}, {"start": "00:06:24", "end": "00:06:29", "text": "9094,000,"}, {"start": "00:06:26", "end": "00:06:30", "text": "Chris Camilillo was bullish. I'm going"}, {"start": "00:06:29", "end": "00:06:33", "text": "to play you another two-minute clip."}, {"start": "00:06:30", "end": "00:06:35", "text": "He's going over the two risks of"}, {"start": "00:06:33", "end": "00:06:36", "text": "Bitcoin. He's saying because he's saying"}, {"start": "00:06:35", "end": "00:06:38", "text": "that one of those risks, the regulatory"}, {"start": "00:06:36", "end": "00:06:40", "text": "hurdle, that's about to change in the"}, {"start": "00:06:38", "end": "00:06:42", "text": "next four years. Let's there's nuances"}, {"start": "00:06:40", "end": "00:06:45", "text": "to it. But let me play you this full"}, {"start": "00:06:42", "end": "00:06:47", "text": "clip. Remember what this heavily"}, {"start": "00:06:45", "end": "00:06:49", "text": "respected investor told you about"}, {"start": "00:06:47", "end": "00:06:55", "text": "Bitcoin in 2024. Do you remember our too"}, {"start": "00:06:49", "end": "00:06:57", "text": "big to too big to to regulate thesis? So"}, {"start": "00:06:55", "end": "00:07:00", "text": "the thesis is that we've been talking"}, {"start": "00:06:57", "end": "00:07:06", "text": "about for years is you have a window of"}, {"start": "00:07:00", "end": "00:07:11", "text": "time to regulate Bitcoin. And if Bitcoin"}, {"start": "00:07:06", "end": "00:07:13", "text": "gets beyond a certain size of of of"}, {"start": "00:07:11", "end": "00:07:15", "text": "acceptance"}, {"start": "00:07:13", "end": "00:07:18", "text": "amongst the American public politically,"}, {"start": "00:07:15", "end": "00:07:22", "text": "this is a political thing, right? Once"}, {"start": "00:07:18", "end": "00:07:24", "text": "you have Bitcoin in the wallets of too"}, {"start": "00:07:22", "end": "00:07:27", "text": "many Americans, too many voting"}, {"start": "00:07:24", "end": "00:07:33", "text": "Americans, once it becomes an asset"}, {"start": "00:07:27", "end": "00:07:37", "text": "class that US voting citizens"}, {"start": "00:07:33", "end": "00:07:38", "text": "have in their portfolios"}, {"start": "00:07:37", "end": "00:07:42", "text": "at scale,"}, {"start": "00:07:38", "end": "00:07:43", "text": "it becomes too large to regulate"}, {"start": "00:07:42", "end": "00:07:46", "text": "politically. This is something that"}, {"start": "00:07:43", "end": "00:07:50", "text": "we've been talking about for a long time"}, {"start": "00:07:46", "end": "00:07:51", "text": "and realize it's it's like the"}, {"start": "00:07:50", "end": "00:07:55", "text": "pick your words here, but it's like this"}, {"start": "00:07:51", "end": "00:07:56", "text": "enemy from within type of thing that uh"}, {"start": "00:07:55", "end": "00:08:00", "text": "Congress people and senators are going"}, {"start": "00:07:56", "end": "00:08:03", "text": "to have it in their own possession. So,"}, {"start": "00:08:00", "end": "00:08:05", "text": "it it it gets to be what's right, what's"}, {"start": "00:08:03", "end": "00:08:08", "text": "wrong doesn't even matter what is right,"}, {"start": "00:08:05", "end": "00:08:10", "text": "what's wrong. It's just it just is and"}, {"start": "00:08:08", "end": "00:08:13", "text": "people use it."}, {"start": "00:08:10", "end": "00:08:18", "text": ">> That's exactly correct, Jordan. And if"}, {"start": "00:08:13", "end": "00:08:22", "text": "Trump is going to stall regulatory"}, {"start": "00:08:18", "end": "00:08:24", "text": "issues for a solid four years, I believe"}, {"start": "00:08:22", "end": "00:08:28", "text": "this four-year period"}, {"start": "00:08:24", "end": "00:08:31", "text": ">> gives enough of a runway, especially now"}, {"start": "00:08:28", "end": "00:08:34", "text": "that Bitcoin has been institutionalized"}, {"start": "00:08:31", "end": "00:08:34", "text": "through, you know, ETFs. We have the"}, {"start": "00:08:34", "end": "00:08:36", "text": "entire"}, {"start": "00:08:34", "end": "00:08:38", "text": ">> Exactly. And I think I think as long as"}, {"start": "00:08:36", "end": "00:08:39", "text": "the government can figure out how to"}, {"start": "00:08:38", "end": "00:08:41", "text": "make sure that things are reported"}, {"start": "00:08:39", "end": "00:08:45", "text": "correctly and that they can make money"}, {"start": "00:08:41", "end": "00:08:48", "text": "off of people's coin profits, then what"}, {"start": "00:08:45", "end": "00:08:50", "text": "like why try to I don't I don't see any"}, {"start": "00:08:48", "end": "00:08:52", "text": "instance where they try to shut some of"}, {"start": "00:08:50", "end": "00:08:55", "text": "this stuff down except for to try to"}, {"start": "00:08:52", "end": "00:08:57", "text": "regulate for consumer protections and to"}, {"start": "00:08:55", "end": "00:09:00", "text": "make sure that they get uh that they get"}, {"start": "00:08:57", "end": "00:09:03", "text": "their percentage. So, so the too big to"}, {"start": "00:09:00", "end": "00:09:07", "text": "regulate trade is officially on. Four"}, {"start": "00:09:03", "end": "00:09:09", "text": "years is just too many years. By the"}, {"start": "00:09:07", "end": "00:09:10", "text": "time we are done with this,"}, {"start": "00:09:09", "end": "00:09:12", "text": ">> I mean, I feel like if they were going"}, {"start": "00:09:10", "end": "00:09:13", "text": "to do something major like ban"}, {"start": "00:09:12", "end": "00:09:15", "text": "cryptocurrency in general, it would have"}, {"start": "00:09:13", "end": "00:09:17", "text": "been done already. There's I feel like"}, {"start": "00:09:15", "end": "00:09:19", "text": "there's it's we're kind of at a no"}, {"start": "00:09:17", "end": "00:09:23", "text": "turning back type of place. It's too"}, {"start": "00:09:19", "end": "00:09:26", "text": "ubiquitous. It's in too many people's"}, {"start": "00:09:23", "end": "00:09:27", "text": "wallets and accounts."}, {"start": "00:09:26", "end": "00:09:29", "text": "Well, we well think about where we are"}, {"start": "00:09:27", "end": "00:09:32", "text": "in four years, Jordan, with no"}, {"start": "00:09:29", "end": "00:09:35", "text": "regulatory environment for for that that"}, {"start": "00:09:32", "end": "00:09:38", "text": "that that would be a true barrier to"}, {"start": "00:09:35", "end": "00:09:40", "text": "Bitcoin. This is kind of a gamecher."}, {"start": "00:09:38", "end": "00:09:42", "text": "It's an absolute gamecher. This is the"}, {"start": "00:09:40", "end": "00:09:46", "text": "moment that we have been talking about"}, {"start": "00:09:42", "end": "00:09:51", "text": "for years to be able to remove that"}, {"start": "00:09:46", "end": "00:09:56", "text": "regulatory risk. We just removed 50%"}, {"start": "00:09:51", "end": "00:09:58", "text": "of like the black swan risk for Bitcoin."}, {"start": "00:09:56", "end": "00:10:01", "text": "50% of it. We have we have always talked"}, {"start": "00:09:58", "end": "00:10:05", "text": "about two major risk factors. Regulatory"}, {"start": "00:10:01", "end": "00:10:07", "text": "being one and security being the other."}, {"start": "00:10:05", "end": "00:10:09", "text": "Now security is kind of still sitting"}, {"start": "00:10:07", "end": "00:10:13", "text": "out there. We can kick that can down the"}, {"start": "00:10:09", "end": "00:10:16", "text": "road a little bit. But that's a big big"}, {"start": "00:10:13", "end": "00:10:19", "text": "deal. So, in 2024, when Bitcoin's price"}, {"start": "00:10:16", "end": "00:10:23", "text": "was over $90,000, Chris Camilo was"}, {"start": "00:10:19", "end": "00:10:26", "text": "insanely bullish. Now that Bitcoin has"}, {"start": "00:10:23", "end": "00:10:29", "text": "crashed back down to at the time, at"}, {"start": "00:10:26", "end": "00:10:31", "text": "this current time, $77,000, Chris"}, {"start": "00:10:29", "end": "00:10:34", "text": "Camilillo is saying, \"Don't own too"}, {"start": "00:10:31", "end": "00:10:37", "text": "much.\" when the stock goes down, as long"}, {"start": "00:10:34", "end": "00:10:39", "text": "as the information doesn't change, as"}, {"start": "00:10:37", "end": "00:10:42", "text": "long as there's not new data that"}, {"start": "00:10:39", "end": "00:10:44", "text": "changes your thesis, you should be you"}, {"start": "00:10:42", "end": "00:10:45", "text": "should have a higher conviction now at"}, {"start": "00:10:44", "end": "00:10:48", "text": "the current price rather than a lower"}, {"start": "00:10:45", "end": "00:10:49", "text": "conviction. So like when Amazon fell, I"}, {"start": "00:10:48", "end": "00:10:52", "text": "got really excited"}, {"start": "00:10:49", "end": "00:10:55", "text": ">> now that Bitcoin has pulled back and"}, {"start": "00:10:52", "end": "00:10:57", "text": "nothing fundamentally has changed and it"}, {"start": "00:10:55", "end": "00:10:58", "text": "should be pointed out the other risk"}, {"start": "00:10:57", "end": "00:11:00", "text": "that Chris Chris was saying that Bitcoin"}, {"start": "00:10:58", "end": "00:11:03", "text": "has is one regulatory which is no longer"}, {"start": "00:11:00", "end": "00:11:06", "text": "risk and two security which I believe in"}, {"start": "00:11:03", "end": "00:11:08", "text": "this sense he means quantum. Bitcoin"}, {"start": "00:11:06", "end": "00:11:10", "text": "will upgrade along with the banking"}, {"start": "00:11:08", "end": "00:11:12", "text": "system along with the internet along"}, {"start": "00:11:10", "end": "00:11:14", "text": "with all technology. Bitcoin will"}, {"start": "00:11:12", "end": "00:11:18", "text": "upgrade with quantum that's been talked"}, {"start": "00:11:14", "end": "00:11:21", "text": "to death. So, I believe a 12% portfolio"}, {"start": "00:11:18", "end": "00:11:23", "text": "allocation Bitcoin that's risky to the"}, {"start": "00:11:21", "end": "00:11:24", "text": "downside. I don't think Graham owns"}, {"start": "00:11:23", "end": "00:11:26", "text": "enough. And what's crazy is even the"}, {"start": "00:11:24", "end": "00:11:27", "text": "detractors, and I'm not even saying"}, {"start": "00:11:26", "end": "00:11:29", "text": "Chris is a detractor. Chris is a"}, {"start": "00:11:27", "end": "00:11:32", "text": "believer in Bitcoin. He's saying that in"}, {"start": "00:11:29", "end": "00:11:37", "text": "the next 10, 20 years, every young"}, {"start": "00:11:32", "end": "00:11:38", "text": "investor is going to own one to two%"}, {"start": "00:11:37", "end": "00:11:40", "text": "in Bitcoin. So, that's upside. He's"}, {"start": "00:11:38", "end": "00:11:43", "text": "saying insanely upside. Just don't own"}, {"start": "00:11:40", "end": "00:11:45", "text": "too much. I think the risk is not owning"}, {"start": "00:11:43", "end": "00:11:48", "text": "enough because Bitcoin is the only asset"}, {"start": "00:11:45", "end": "00:11:50", "text": "on earth digital asset that you can't"}, {"start": "00:11:48", "end": "00:11:52", "text": "print more of. It's digital gold. It's"}, {"start": "00:11:50", "end": "00:11:54", "text": "the most permissionless. It's the most"}, {"start": "00:11:52", "end": "00:11:56", "text": "decentralized. I would love to have"}, {"start": "00:11:54", "end": "00:11:58", "text": "Chris Camilillo on the show and talk"}, {"start": "00:11:56", "end": "00:12:00", "text": "about this because I understand he is a"}, {"start": "00:11:58", "end": "00:12:02", "text": "Bitcoin bull. I don't want to paint this"}, {"start": "00:12:00", "end": "00:12:05", "text": "whole video as he's not a bull. Even the"}, {"start": "00:12:02", "end": "00:12:07", "text": "detractors are bulls. That says"}, {"start": "00:12:05", "end": "00:12:10", "text": "something. Click subscribe for daily"}, {"start": "00:12:07", "end": "00:12:10", "text": "videos like all we see"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "This is a sweet chart and I want to"}, {"start": "00:00:02", "end": "00:00:08", "text": "illustrate something for you, but I've"}, {"start": "00:00:05", "end": "00:00:09", "text": "been called many things lately,"}, {"start": "00:00:08", "end": "00:00:12", "text": "especially lately because I'm a macro"}, {"start": "00:00:09", "end": "00:00:14", "text": "bull. People take it very personal. My"}, {"start": "00:00:12", "end": "00:00:16", "text": "just approach to crypto, my thoughts"}, {"start": "00:00:14", "end": "00:00:18", "text": "about crypto. Even though I've been"}, {"start": "00:00:16", "end": "00:00:19", "text": "calling for the dip all year long since"}, {"start": "00:00:18", "end": "00:00:22", "text": "January, the postquantitative tightening"}, {"start": "00:00:19", "end": "00:00:24", "text": "dip, people are just not happy about my,"}, {"start": "00:00:22", "end": "00:00:27", "text": "I guess, macro outlook, the optimistic"}, {"start": "00:00:24", "end": "00:00:28", "text": "outlook for crypto. And maybe you're out"}, {"start": "00:00:27", "end": "00:00:31", "text": "there and you're a macro bull like"}, {"start": "00:00:28", "end": "00:00:34", "text": "myself. And maybe you're not being"}, {"start": "00:00:31", "end": "00:00:35", "text": "called names, but maybe the names that"}, {"start": "00:00:34", "end": "00:00:38", "text": "I'm being called is a good"}, {"start": "00:00:35", "end": "00:00:42", "text": "representation in terms of perhaps the"}, {"start": "00:00:38", "end": "00:00:46", "text": "doubts or the second guessing that you"}, {"start": "00:00:42", "end": "00:00:47", "text": "have in relation to crypto."}, {"start": "00:00:46", "end": "00:00:50", "text": "Should you be bullish? Did you make a"}, {"start": "00:00:47", "end": "00:00:55", "text": "mistake? Should you have it? It looks so"}, {"start": "00:00:50", "end": "00:00:55", "text": "clear and obvious. Was it all a mistake?"}, {"start": "00:00:57", "end": "00:01:02", "text": "That's the question that I kind of want"}, {"start": "00:00:59", "end": "00:01:03", "text": "to answer in this very quick video. So,"}, {"start": "00:01:02", "end": "00:01:05", "text": "we're going to get to the sweet chart. I"}, {"start": "00:01:03", "end": "00:01:07", "text": "was looking at it and kind of just"}, {"start": "00:01:05", "end": "00:01:09", "text": "noticed something. I do want to start"}, {"start": "00:01:07", "end": "00:01:11", "text": "here. Oftent times, you know, this is my"}, {"start": "00:01:09", "end": "00:01:16", "text": "world as a content creator, especially"}, {"start": "00:01:11", "end": "00:01:17", "text": "now. There will be just threads. If I"}, {"start": "00:01:16", "end": "00:01:19", "text": "choose to hit notifications and look at"}, {"start": "00:01:17", "end": "00:01:22", "text": "what people are saying, there will be"}, {"start": "00:01:19", "end": "00:01:25", "text": "threads, these little hangout groups of"}, {"start": "00:01:22", "end": "00:01:28", "text": "of people that are just like kind of"}, {"start": "00:01:25", "end": "00:01:30", "text": "going back and forth making fun of me,"}, {"start": "00:01:28", "end": "00:01:32", "text": "calling me names, coming to conclusions"}, {"start": "00:01:30", "end": "00:01:34", "text": "that are ridiculous, like I'm a scammer,"}, {"start": "00:01:32", "end": "00:01:36", "text": "or this guy just saying that I'm"}, {"start": "00:01:34", "end": "00:01:38", "text": "shorting. Even as I'm doing my videos,"}, {"start": "00:01:36", "end": "00:01:41", "text": "I'm actually shorting. People coming to"}, {"start": "00:01:38", "end": "00:01:43", "text": "crazy cynical and just negative"}, {"start": "00:01:41", "end": "00:01:44", "text": "conclusions. I thought this one was"}, {"start": "00:01:43", "end": "00:01:47", "text": "interesting though and it bookmarked it"}, {"start": "00:01:44", "end": "00:01:49", "text": "not just for this video but I think I"}, {"start": "00:01:47", "end": "00:01:51", "text": "think for when we are in a bull market I"}, {"start": "00:01:49", "end": "00:01:53", "text": "would like to revisit this video this"}, {"start": "00:01:51", "end": "00:01:55", "text": "this comment I actually think he may be"}, {"start": "00:01:53", "end": "00:01:58", "text": "a huge example of Dunning Krueger and"}, {"start": "00:01:55", "end": "00:02:01", "text": "unaware what's interesting is he is so"}, {"start": "00:01:58", "end": "00:02:03", "text": "sure of this I know that if you are"}, {"start": "00:02:01", "end": "00:02:06", "text": "unaware here's what Dunning Krueger is a"}, {"start": "00:02:03", "end": "00:02:09", "text": "cognitive bias where people with limited"}, {"start": "00:02:06", "end": "00:02:12", "text": "knowledge or skill in a specific domain"}, {"start": "00:02:09", "end": "00:02:15", "text": "greatly overestimate their own"}, {"start": "00:02:12", "end": "00:02:19", "text": "competence. So, let me first just say as"}, {"start": "00:02:15", "end": "00:02:21", "text": "a macro bull, you know, in terms of"}, {"start": "00:02:19", "end": "00:02:24", "text": "analysis and even short to midterm cycle"}, {"start": "00:02:21", "end": "00:02:26", "text": "analysis, I think my analysis has been"}, {"start": "00:02:24", "end": "00:02:28", "text": "pretty good in terms of calling the"}, {"start": "00:02:26", "end": "00:02:31", "text": "postquantitative tightening dip that has"}, {"start": "00:02:28", "end": "00:02:33", "text": "happened. But I think from even a macro"}, {"start": "00:02:31", "end": "00:02:34", "text": "bullish standpoint, because if you're"}, {"start": "00:02:33", "end": "00:02:36", "text": "out there, if you've watched my content,"}, {"start": "00:02:34", "end": "00:02:38", "text": "you just know I'm optimistic. I'm"}, {"start": "00:02:36", "end": "00:02:40", "text": "bullish on crypto. We fall 50%, I'm"}, {"start": "00:02:38", "end": "00:02:43", "text": "bullish on crypto. we fall 90% I'm"}, {"start": "00:02:40", "end": "00:02:44", "text": "bullish on crypto. I'm just I see a"}, {"start": "00:02:43", "end": "00:02:46", "text": "different thing on the zoomed out."}, {"start": "00:02:44", "end": "00:02:48", "text": "That's that's the basis of my content."}, {"start": "00:02:46", "end": "00:02:52", "text": "It's the basic basis of my approach to"}, {"start": "00:02:48", "end": "00:02:54", "text": "crypto. But I will say this, if I have"}, {"start": "00:02:52", "end": "00:02:57", "text": "Dunning Krueger,"}, {"start": "00:02:54", "end": "00:03:02", "text": "then I guess Tom Lee does too. Right now"}, {"start": "00:02:57", "end": "00:03:04", "text": "Tom Lee ETH is down 60% from highs. BMR"}, {"start": "00:03:02", "end": "00:03:08", "text": "uh Bitmine sitting on 3.8 billion in"}, {"start": "00:03:04", "end": "00:03:09", "text": "unreal unrealized losses. So if I have"}, {"start": "00:03:08", "end": "00:03:12", "text": "Dunning Krueger, maybe you have Dunning"}, {"start": "00:03:09", "end": "00:03:14", "text": "Krueger and you're just you're also just"}, {"start": "00:03:12", "end": "00:03:16", "text": "crazy and you're you're incompetent for"}, {"start": "00:03:14", "end": "00:03:18", "text": "being bullish on crypto. So does Tom"}, {"start": "00:03:16", "end": "00:03:20", "text": "Lee. Tom Lee calls this a buying"}, {"start": "00:03:18", "end": "00:03:23", "text": "opportunity. Their stocks down 88%"}, {"start": "00:03:20", "end": "00:03:24", "text": "apparently. So Tom Lee, I was also"}, {"start": "00:03:23", "end": "00:03:28", "text": "thinking Hunter Horesley, who is"}, {"start": "00:03:24", "end": "00:03:31", "text": "actually the CEO of Bitwise, he has he"}, {"start": "00:03:28", "end": "00:03:32", "text": "has it as well. Four-year cycle is dead."}, {"start": "00:03:31", "end": "00:03:34", "text": "He's been saying this. This is a post"}, {"start": "00:03:32", "end": "00:03:37", "text": "from December 2025, and I 100% agree"}, {"start": "00:03:34", "end": "00:03:39", "text": "with him. the four-year cycle is dead. I"}, {"start": "00:03:37", "end": "00:03:42", "text": "don't mind being in this camp of people"}, {"start": "00:03:39", "end": "00:03:44", "text": "we all have done in Krueger. But here's"}, {"start": "00:03:42", "end": "00:03:46", "text": "the thing I wanted to just propose to"}, {"start": "00:03:44", "end": "00:03:50", "text": "you."}, {"start": "00:03:46", "end": "00:03:52", "text": "If if right now my approach and many of"}, {"start": "00:03:50", "end": "00:03:54", "text": "you I'm sure you're frustrated. I'm"}, {"start": "00:03:52", "end": "00:03:56", "text": "frustrated. Look at this is okay. I've"}, {"start": "00:03:54", "end": "00:03:59", "text": "been accumulating for quite some time."}, {"start": "00:03:56", "end": "00:04:02", "text": "It has just only gone down for months."}, {"start": "00:03:59", "end": "00:04:04", "text": "Four months it's been sideways with a"}, {"start": "00:04:02", "end": "00:04:07", "text": "huge fake out. You we just had like"}, {"start": "00:04:04", "end": "00:04:09", "text": "this. Look at this wick on the monthly."}, {"start": "00:04:07", "end": "00:04:10", "text": "What I want to just I just want to I"}, {"start": "00:04:09", "end": "00:04:12", "text": "want to propose something to you. It's"}, {"start": "00:04:10", "end": "00:04:15", "text": "just such a simple thing and we can"}, {"start": "00:04:12", "end": "00:04:18", "text": "actually even use alongside the sweet"}, {"start": "00:04:15", "end": "00:04:20", "text": "chart. We can use the business cycle"}, {"start": "00:04:18", "end": "00:04:22", "text": "chart. PMI just expanded again today."}, {"start": "00:04:20", "end": "00:04:25", "text": "It's why it's relevant especially I've"}, {"start": "00:04:22", "end": "00:04:28", "text": "been saying since we were contracting"}, {"start": "00:04:25", "end": "00:04:30", "text": "for years that I think we're about to"}, {"start": "00:04:28", "end": "00:04:32", "text": "get into expansion. And when that"}, {"start": "00:04:30", "end": "00:04:34", "text": "happens, pay attention. Pay attention to"}, {"start": "00:04:32", "end": "00:04:36", "text": "Russell 2000. Pay attention to all of"}, {"start": "00:04:34", "end": "00:04:38", "text": "these things that are leading indic"}, {"start": "00:04:36", "end": "00:04:40", "text": "indicators for crypto, especially"}, {"start": "00:04:38", "end": "00:04:42", "text": "altcoins."}, {"start": "00:04:40", "end": "00:04:45", "text": "Now, it has happened, right? And we've"}, {"start": "00:04:42", "end": "00:04:47", "text": "just printed higher again on the PMI."}, {"start": "00:04:45", "end": "00:04:50", "text": "While we have all these indicators, this"}, {"start": "00:04:47", "end": "00:04:52", "text": "is copper versus gold, another macro"}, {"start": "00:04:50", "end": "00:04:54", "text": "bottom indicator. When this has"}, {"start": "00:04:52", "end": "00:04:56", "text": "happened, it's led to bull markets."}, {"start": "00:04:54", "end": "00:04:59", "text": "Right? When the PMI has started to"}, {"start": "00:04:56", "end": "00:05:02", "text": "expand, it has been a bull market. The"}, {"start": "00:04:59", "end": "00:05:07", "text": "point of me showing you that"}, {"start": "00:05:02", "end": "00:05:10", "text": "alongside SU is this. If that happens,"}, {"start": "00:05:07", "end": "00:05:13", "text": "if the macro thesis plays out,"}, {"start": "00:05:10", "end": "00:05:15", "text": "maybe maybe it's taking taken longer"}, {"start": "00:05:13", "end": "00:05:18", "text": "than I thought it would, right?"}, {"start": "00:05:15", "end": "00:05:20", "text": "And crypto even has been sideways or"}, {"start": "00:05:18", "end": "00:05:22", "text": "down even a little bit more than I"}, {"start": "00:05:20", "end": "00:05:26", "text": "thought it would."}, {"start": "00:05:22", "end": "00:05:28", "text": "if it plays out all of the sideways, all"}, {"start": "00:05:26", "end": "00:05:31", "text": "of the down, all of the accumulation"}, {"start": "00:05:28", "end": "00:05:32", "text": "while people are calling names or or you"}, {"start": "00:05:31", "end": "00:05:34", "text": "know, you're out there, you're doubting"}, {"start": "00:05:32", "end": "00:05:36", "text": "your approach to crypto, and I'm not"}, {"start": "00:05:34", "end": "00:05:38", "text": "saying it's bad to it's bad to doubt"}, {"start": "00:05:36", "end": "00:05:40", "text": "your approach to crypto or second guess,"}, {"start": "00:05:38", "end": "00:05:44", "text": "it's a normal thought process to go"}, {"start": "00:05:40", "end": "00:05:47", "text": "through. But if this plays out and"}, {"start": "00:05:44", "end": "00:05:49", "text": "crypto follows the business cycle and"}, {"start": "00:05:47", "end": "00:05:52", "text": "crypto enters a bull market and there is"}, {"start": "00:05:49", "end": "00:05:54", "text": "a shock to the upside and a massive"}, {"start": "00:05:52", "end": "00:05:58", "text": "repricing of this very undervalued asset"}, {"start": "00:05:54", "end": "00:06:00", "text": "class, all of the craziness, all of the"}, {"start": "00:05:58", "end": "00:06:03", "text": "delusional accumulation and the"}, {"start": "00:06:00", "end": "00:06:06", "text": "delusional just preparation and being"}, {"start": "00:06:03", "end": "00:06:08", "text": "bullish on all my altcoins that are down"}, {"start": "00:06:06", "end": "00:06:11", "text": "massively, right?"}, {"start": "00:06:08", "end": "00:06:15", "text": "It just takes that one time where all of"}, {"start": "00:06:11", "end": "00:06:18", "text": "that craziness turns out to be the best,"}, {"start": "00:06:15", "end": "00:06:20", "text": "the absolute best, the smartest thing"}, {"start": "00:06:18", "end": "00:06:22", "text": "that I could have done, the smartest"}, {"start": "00:06:20", "end": "00:06:26", "text": "thing anyone could have ever done. And"}, {"start": "00:06:22", "end": "00:06:29", "text": "welcome to the world of a value investor"}, {"start": "00:06:26", "end": "00:06:32", "text": "when things are undervalued to position"}, {"start": "00:06:29", "end": "00:06:34", "text": "accordingly when it is incredibly"}, {"start": "00:06:32", "end": "00:06:38", "text": "unpopular. This is why I really enjoy"}, {"start": "00:06:34", "end": "00:06:42", "text": "watching Tom Lee because he has been"}, {"start": "00:06:38", "end": "00:06:44", "text": "through this for quite some time and I I"}, {"start": "00:06:42", "end": "00:06:46", "text": "enjoy watching him handle that journey"}, {"start": "00:06:44", "end": "00:06:48", "text": "as well because this is what is"}, {"start": "00:06:46", "end": "00:06:50", "text": "happening right now in crypto. Alls it"}, {"start": "00:06:48", "end": "00:06:52", "text": "takes is one time and the reason I was"}, {"start": "00:06:50", "end": "00:06:56", "text": "looking at sweet chart is because when I"}, {"start": "00:06:52", "end": "00:06:59", "text": "was looking at this my thought was"}, {"start": "00:06:56", "end": "00:07:01", "text": "not I have 100 you know 167% to the"}, {"start": "00:06:59", "end": "00:07:04", "text": "20-month moving average on sweet $240"}, {"start": "00:07:01", "end": "00:07:06", "text": "$2.50 50 cent area."}, {"start": "00:07:04", "end": "00:07:08", "text": "The point of that is not saying, \"Hey,"}, {"start": "00:07:06", "end": "00:07:10", "text": "that's where SWE is going.\" If we enter"}, {"start": "00:07:08", "end": "00:07:14", "text": "a bull market, for instance, SWE, this"}, {"start": "00:07:10", "end": "00:07:18", "text": "chart I think is gonna do insane. This"}, {"start": "00:07:14", "end": "00:07:20", "text": "move here is like a 150% move out of"}, {"start": "00:07:18", "end": "00:07:22", "text": "nowhere. This is the type of move that"}, {"start": "00:07:20", "end": "00:07:24", "text": "could just happen in a month. The"}, {"start": "00:07:22", "end": "00:07:26", "text": "beginning of it all, the beginning of"}, {"start": "00:07:24", "end": "00:07:31", "text": "the repricing."}, {"start": "00:07:26", "end": "00:07:34", "text": "And that move alone in one month, a year"}, {"start": "00:07:31", "end": "00:07:36", "text": "worth of just doubt, second-guessing,"}, {"start": "00:07:34", "end": "00:07:40", "text": "opening up my notifications, and being"}, {"start": "00:07:36", "end": "00:07:43", "text": "called whatever, terrible comments. It's"}, {"start": "00:07:40", "end": "00:07:46", "text": "so worth it to me. It It will be so"}, {"start": "00:07:43", "end": "00:07:48", "text": "worth it to me. And you know what? If I"}, {"start": "00:07:46", "end": "00:07:50", "text": "am incompetent and I am crazy and it"}, {"start": "00:07:48", "end": "00:07:53", "text": "doesn't play out and SWU goes to zero"}, {"start": "00:07:50", "end": "00:07:56", "text": "and everything goes to zero, it doesn't"}, {"start": "00:07:53", "end": "00:08:01", "text": "work out. You know what I'm happy about?"}, {"start": "00:07:56", "end": "00:08:04", "text": "I wasn't so incompetent that I didn't"}, {"start": "00:08:01", "end": "00:08:07", "text": "not manage my"}, {"start": "00:08:04", "end": "00:08:09", "text": "risk appropriately."}, {"start": "00:08:07", "end": "00:08:11", "text": "Because if you're in the game and you're"}, {"start": "00:08:09", "end": "00:08:14", "text": "staying in the game, if you can manage"}, {"start": "00:08:11", "end": "00:08:17", "text": "your risk properly to stay in the game"}, {"start": "00:08:14", "end": "00:08:19", "text": "and to position accordingly, you"}, {"start": "00:08:17", "end": "00:08:21", "text": "position for zero, you position for a"}, {"start": "00:08:19", "end": "00:08:23", "text": "parabolic bull market. If you can do"}, {"start": "00:08:21", "end": "00:08:26", "text": "that,"}, {"start": "00:08:23", "end": "00:08:29", "text": "that's that's the play. That is how I"}, {"start": "00:08:26", "end": "00:08:31", "text": "try to do my analysis, you know, over"}, {"start": "00:08:29", "end": "00:08:35", "text": "the years doing these videos. But that's"}, {"start": "00:08:31", "end": "00:08:39", "text": "the play for me. So alls it takes is one"}, {"start": "00:08:35", "end": "00:08:42", "text": "moment. Alls it takes is for the macro"}, {"start": "00:08:39", "end": "00:08:44", "text": "thesis to play out"}, {"start": "00:08:42", "end": "00:08:47", "text": "and it's just it's all worth it and the"}, {"start": "00:08:44", "end": "00:08:49", "text": "notifications will probably disappear"}, {"start": "00:08:47", "end": "00:08:52", "text": "and the people that gather and flock in"}, {"start": "00:08:49", "end": "00:08:54", "text": "my comments now because things are down"}, {"start": "00:08:52", "end": "00:08:57", "text": "is down"}, {"start": "00:08:54", "end": "00:08:59", "text": "dog ADA like three of my top altcoins"}, {"start": "00:08:57", "end": "00:09:01", "text": "because they are they're all down. They"}, {"start": "00:08:59", "end": "00:09:04", "text": "look terrible."}, {"start": "00:09:01", "end": "00:09:07", "text": "But it's okay"}, {"start": "00:09:04", "end": "00:09:09", "text": "because if it plays out and if crypto"}, {"start": "00:09:07", "end": "00:09:11", "text": "goes into expansion following all of"}, {"start": "00:09:09", "end": "00:09:14", "text": "these other indicators that I've been"}, {"start": "00:09:11", "end": "00:09:16", "text": "tracking, then for me it'll be worth it."}, {"start": "00:09:14", "end": "00:09:17", "text": "And so that's what I'm watching and"}, {"start": "00:09:16", "end": "00:09:21", "text": "maybe we do go lower, right? That's why"}, {"start": "00:09:17", "end": "00:09:23", "text": "I I I like to lately look at, you know,"}, {"start": "00:09:21", "end": "00:09:24", "text": "Bitcoin structure, the bottoming out"}, {"start": "00:09:23", "end": "00:09:26", "text": "structure. What's it doing? What are the"}, {"start": "00:09:24", "end": "00:09:27", "text": "possibilities? Right now we're at"}, {"start": "00:09:26", "end": "00:09:31", "text": "support. or I have to do a video on this"}, {"start": "00:09:27", "end": "00:09:34", "text": "maybe next. Um, but it's just"}, {"start": "00:09:31", "end": "00:09:36", "text": "preparation on the macro. That's what"}, {"start": "00:09:34", "end": "00:09:38", "text": "I'm interested in. And the way that the"}, {"start": "00:09:36", "end": "00:09:42", "text": "story is developing right now, I am so"}, {"start": "00:09:38", "end": "00:09:45", "text": "curious. So, call it Dunning Krueger,"}, {"start": "00:09:42", "end": "00:09:47", "text": "call it whatever you want. I'm a macro"}, {"start": "00:09:45", "end": "00:09:49", "text": "bull on crypto and it just is what it"}, {"start": "00:09:47", "end": "00:09:50", "text": "is. And if you're a macro bull in crypto"}, {"start": "00:09:49", "end": "00:09:51", "text": "out there as well, I appreciate you"}, {"start": "00:09:50", "end": "00:09:53", "text": "watching. I appreciate you hanging in"}, {"start": "00:09:51", "end": "00:09:55", "text": "there um on this crypto journey. If"}, {"start": "00:09:53", "end": "00:09:57", "text": "you're not a subscriber, subscribe. Hit"}, {"start": "00:09:55", "end": "00:09:59", "text": "the like if you enjoyed the video. Let's"}, {"start": "00:09:57", "end": "00:10:02", "text": "see what happens, everybody. I'll see"}, {"start": "00:09:59", "end": "00:10:02", "text": "you in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Sailor's not shorting the market,"}, {"start": "00:00:02", "end": "00:00:06", "text": "shorting Bitcoin. He sold $2.5 million"}, {"start": "00:00:04", "end": "00:00:10", "text": "to fund his entire business model that"}, {"start": "00:00:06", "end": "00:00:13", "text": "he's been presenting to all industries"}, {"start": "00:00:10", "end": "00:00:14", "text": "for years now. Michael Sailor selling"}, {"start": "00:00:13", "end": "00:00:16", "text": "Bitcoin 99% of the market"}, {"start": "00:00:14", "end": "00:00:18", "text": "misinterpreting what it means. It's"}, {"start": "00:00:16", "end": "00:00:20", "text": "bullish, everybody. I'll explain to you"}, {"start": "00:00:18", "end": "00:00:23", "text": "in one minute at the beginning of this"}, {"start": "00:00:20", "end": "00:00:28", "text": "video. The big news PMI manufacturing"}, {"start": "00:00:23", "end": "00:00:31", "text": "PMI expands to 54. An economic boom is"}, {"start": "00:00:28", "end": "00:00:36", "text": "in the works right now and crypto is set"}, {"start": "00:00:31", "end": "00:00:36", "text": "and primed to follow."}, {"start": "00:00:39", "end": "00:00:42", "text": "What's up everyone? Welcome to Crypto"}, {"start": "00:00:40", "end": "00:00:43", "text": "Capital Venture. Hit the subscribe and"}, {"start": "00:00:42", "end": "00:00:46", "text": "like on the way in for the very best"}, {"start": "00:00:43", "end": "00:00:48", "text": "crypto analysis as well as news. This is"}, {"start": "00:00:46", "end": "00:00:50", "text": "going to be just an exciting video. This"}, {"start": "00:00:48", "end": "00:00:54", "text": "is the PMI chart. We're going to dig"}, {"start": "00:00:50", "end": "00:00:58", "text": "into it. 54 PMI prints at 54. I've been"}, {"start": "00:00:54", "end": "00:01:00", "text": "discussing, you know, for months now"}, {"start": "00:00:58", "end": "00:01:03", "text": "going into expansion mode. Here is this"}, {"start": "00:01:00", "end": "00:01:06", "text": "end of this red rectangle, quantitative"}, {"start": "00:01:03", "end": "00:01:08", "text": "tightening ending in December. We're in"}, {"start": "00:01:06", "end": "00:01:10", "text": "this new cycle, everybody. And this"}, {"start": "00:01:08", "end": "00:01:12", "text": "really does, in my opinion, threaten"}, {"start": "00:01:10", "end": "00:01:14", "text": "four-year cycle. I think we are in this"}, {"start": "00:01:12", "end": "00:01:16", "text": "territory that most people are not"}, {"start": "00:01:14", "end": "00:01:18", "text": "anticipating, and I just want to lay it"}, {"start": "00:01:16", "end": "00:01:20", "text": "out for you as we continue to track this"}, {"start": "00:01:18", "end": "00:01:22", "text": "data. So before we even talk about the"}, {"start": "00:01:20", "end": "00:01:24", "text": "PMI as it relates to crypto cycles and"}, {"start": "00:01:22", "end": "00:01:27", "text": "where crypto is right now, Bitcoin's"}, {"start": "00:01:24", "end": "00:01:28", "text": "falling. Look at the monthly chart. This"}, {"start": "00:01:27", "end": "00:01:31", "text": "is what's this is what the headlines are"}, {"start": "00:01:28", "end": "00:01:34", "text": "showing. Strategy shares fall after"}, {"start": "00:01:31", "end": "00:01:36", "text": "selling $2.5 million in Bitcoin. Its"}, {"start": "00:01:34", "end": "00:01:40", "text": "first sale since 2022. Peter Schiff over"}, {"start": "00:01:36", "end": "00:01:42", "text": "here last week. Micro Strategy sold 32"}, {"start": "00:01:40", "end": "00:01:46", "text": "Bitcoin for about two and a half million"}, {"start": "00:01:42", "end": "00:01:50", "text": "everybody. It's a $2.5 million sale."}, {"start": "00:01:46", "end": "00:01:52", "text": "That is it. It has zero impact on"}, {"start": "00:01:50", "end": "00:01:54", "text": "anything other than the fear headlines"}, {"start": "00:01:52", "end": "00:01:56", "text": "that you're seeing. Since Bitcoin's"}, {"start": "00:01:54", "end": "00:01:58", "text": "biggest buyer has now become a seller,"}, {"start": "00:01:56", "end": "00:02:00", "text": "where will the new demand come from to"}, {"start": "00:01:58", "end": "00:02:02", "text": "sustain the pyramid?"}, {"start": "00:02:00", "end": "00:02:04", "text": "I just want to explain this. I'll post"}, {"start": "00:02:02", "end": "00:02:07", "text": "this later. Sailor sold 2 and a half"}, {"start": "00:02:04", "end": "00:02:11", "text": "million. Everyone is acting like Satoshi"}, {"start": "00:02:07", "end": "00:02:12", "text": "just liquidated all his Bitcoin."}, {"start": "00:02:11", "end": "00:02:16", "text": "I'm not going to sit here and just"}, {"start": "00:02:12", "end": "00:02:18", "text": "expand on how this is so bullish, but"}, {"start": "00:02:16", "end": "00:02:21", "text": "let me just explain. Selling a tiny"}, {"start": "00:02:18", "end": "00:02:23", "text": "portion of Bitcoin to meet real world"}, {"start": "00:02:21", "end": "00:02:25", "text": "obligations,"}, {"start": "00:02:23", "end": "00:02:28", "text": "which is preferred stock payouts, shows"}, {"start": "00:02:25", "end": "00:02:31", "text": "institutions can treat Bitcoin like any"}, {"start": "00:02:28", "end": "00:02:34", "text": "other high quality reserve asset because"}, {"start": "00:02:31", "end": "00:02:36", "text": "that's what it's doing. It's it's"}, {"start": "00:02:34", "end": "00:02:38", "text": "proving exactly the Bitcoin model in"}, {"start": "00:02:36", "end": "00:02:41", "text": "real time and strategy is proving it. I"}, {"start": "00:02:38", "end": "00:02:43", "text": "think there there is zero concern for"}, {"start": "00:02:41", "end": "00:02:45", "text": "strategy in Michael Sailor and what"}, {"start": "00:02:43", "end": "00:02:47", "text": "they're doing. They they understand 100%"}, {"start": "00:02:45", "end": "00:02:51", "text": "this isn't like a bearish sale. What"}, {"start": "00:02:47", "end": "00:02:53", "text": "they are doing is they are funding their"}, {"start": "00:02:51", "end": "00:02:56", "text": "corporate their corporate framework"}, {"start": "00:02:53", "end": "00:03:00", "text": "using Bitcoin. So this is exactly if you"}, {"start": "00:02:56", "end": "00:03:04", "text": "want to see Bitcoin become this mature"}, {"start": "00:03:00", "end": "00:03:05", "text": "asset here it is. Welcome to the new"}, {"start": "00:03:04", "end": "00:03:07", "text": "world of of crypto and welcome to the"}, {"start": "00:03:05", "end": "00:03:09", "text": "new world of Bitcoin. That's what this"}, {"start": "00:03:07", "end": "00:03:11", "text": "is. This isn't like sailor turning"}, {"start": "00:03:09", "end": "00:03:13", "text": "bearish. Are you kidding me? And"}, {"start": "00:03:11", "end": "00:03:15", "text": "especially if you go to the Bitcoin"}, {"start": "00:03:13", "end": "00:03:17", "text": "charts, if you look at Bitcoin on the"}, {"start": "00:03:15", "end": "00:03:18", "text": "monthly chart,"}, {"start": "00:03:17", "end": "00:03:21", "text": "Sailor's not going to be accumulating"}, {"start": "00:03:18", "end": "00:03:23", "text": "accumul accumulating non-stop and then"}, {"start": "00:03:21", "end": "00:03:26", "text": "all of a sudden just start selling in a"}, {"start": "00:03:23", "end": "00:03:28", "text": "bearish way. Not in a way that's"}, {"start": "00:03:26", "end": "00:03:30", "text": "basically funds them the mechanism of"}, {"start": "00:03:28", "end": "00:03:31", "text": "their business model, but in a bearish"}, {"start": "00:03:30", "end": "00:03:33", "text": "way. I'm talking they're shorting the"}, {"start": "00:03:31", "end": "00:03:34", "text": "market. That's not what's happening"}, {"start": "00:03:33", "end": "00:03:36", "text": "right now. Sailor's not shorting the"}, {"start": "00:03:34", "end": "00:03:39", "text": "market, shorting Bitcoin. and he sold"}, {"start": "00:03:36", "end": "00:03:42", "text": "$2.5 million to fund his entire business"}, {"start": "00:03:39", "end": "00:03:45", "text": "model that he's been presenting to all"}, {"start": "00:03:42", "end": "00:03:48", "text": "industries for years now. So, it's funny"}, {"start": "00:03:45", "end": "00:03:50", "text": "but not surprising that the headlines"}, {"start": "00:03:48", "end": "00:03:54", "text": "are turning this into like some type of"}, {"start": "00:03:50", "end": "00:03:55", "text": "fear bearish event. And when we think"}, {"start": "00:03:54", "end": "00:03:58", "text": "about, you know, Peter Schiff and his"}, {"start": "00:03:55", "end": "00:04:02", "text": "post here, pay attention to it. If this"}, {"start": "00:03:58", "end": "00:04:05", "text": "does anything, this is another signal"}, {"start": "00:04:02", "end": "00:04:06", "text": "that marks the end of a bare market, the"}, {"start": "00:04:05", "end": "00:04:07", "text": "bottoming out formation of a bare"}, {"start": "00:04:06", "end": "00:04:10", "text": "market. And I just want to say that"}, {"start": "00:04:07", "end": "00:04:13", "text": "that's my opinion. I could be wrong, but"}, {"start": "00:04:10", "end": "00:04:15", "text": "this is this is just crazy to me. It's"}, {"start": "00:04:13", "end": "00:04:17", "text": "$2.5 million of Bitcoin and the reason"}, {"start": "00:04:15", "end": "00:04:19", "text": "for it should just be understood from a"}, {"start": "00:04:17", "end": "00:04:21", "text": "very simple perspective. I want to get"}, {"start": "00:04:19", "end": "00:04:24", "text": "to the actual meaningful news. ISM"}, {"start": "00:04:21", "end": "00:04:26", "text": "manufacturing PMI for May surges to 54."}, {"start": "00:04:24", "end": "00:04:28", "text": "This marks the strongest reading in"}, {"start": "00:04:26", "end": "00:04:30", "text": "years and signals robust manufacturing"}, {"start": "00:04:28", "end": "00:04:33", "text": "momentum heading into summer. Early"}, {"start": "00:04:30", "end": "00:04:35", "text": "stage economic boom continues. Here's"}, {"start": "00:04:33", "end": "00:04:38", "text": "the report. It's very long. There's a"}, {"start": "00:04:35", "end": "00:04:42", "text": "lot going on, but what I did was here's"}, {"start": "00:04:38", "end": "00:04:44", "text": "the PMI chart. I put some just a a very"}, {"start": "00:04:42", "end": "00:04:46", "text": "quick summation via bullet points to"}, {"start": "00:04:44", "end": "00:04:49", "text": "explain what's happening here. So, here"}, {"start": "00:04:46", "end": "00:04:52", "text": "it is upticking to 54. By the way, if"}, {"start": "00:04:49", "end": "00:04:54", "text": "you're unfamiliar, every time we've gone"}, {"start": "00:04:52", "end": "00:04:56", "text": "into expansion from an economic"}, {"start": "00:04:54", "end": "00:04:58", "text": "perspective and the manufacturing PMI,"}, {"start": "00:04:56", "end": "00:05:00", "text": "every time you see it going into"}, {"start": "00:04:58", "end": "00:05:01", "text": "expansion, you see these these green"}, {"start": "00:05:00", "end": "00:05:04", "text": "rectangles, that is a bull market. Those"}, {"start": "00:05:01", "end": "00:05:06", "text": "are crypto bull markets. This has been"}, {"start": "00:05:04", "end": "00:05:09", "text": "my theory. This is what been what I've"}, {"start": "00:05:06", "end": "00:05:12", "text": "been very patiently watching. This has"}, {"start": "00:05:09", "end": "00:05:14", "text": "diverged from four-year Bitcoin cycles."}, {"start": "00:05:12", "end": "00:05:16", "text": "It coincidentally has just lined up very"}, {"start": "00:05:14", "end": "00:05:18", "text": "nicely with the Bitcoin four-year cycles"}, {"start": "00:05:16", "end": "00:05:20", "text": "until this time because we've had"}, {"start": "00:05:18", "end": "00:05:22", "text": "record-breaking suppression and"}, {"start": "00:05:20", "end": "00:05:25", "text": "contraction. This is this looks like an"}, {"start": "00:05:22", "end": "00:05:27", "text": "altcoin chart. And there's no there's no"}, {"start": "00:05:25", "end": "00:05:30", "text": "surprise there because there is such a"}, {"start": "00:05:27", "end": "00:05:34", "text": "strong correlation between manufacturing"}, {"start": "00:05:30", "end": "00:05:36", "text": "PMI and altcoins, this lower risk asset"}, {"start": "00:05:34", "end": "00:05:39", "text": "class. But now we've gone into"}, {"start": "00:05:36", "end": "00:05:42", "text": "expansion. We've been sideways on the"}, {"start": "00:05:39", "end": "00:05:43", "text": "PMI for quite some time. We have the"}, {"start": "00:05:42", "end": "00:05:46", "text": "Middle East war which I think is"}, {"start": "00:05:43", "end": "00:05:48", "text": "suppressing even the growth of this and"}, {"start": "00:05:46", "end": "00:05:51", "text": "it's not a bad thing in the long term"}, {"start": "00:05:48", "end": "00:05:53", "text": "that the growth of PMI has slowed down."}, {"start": "00:05:51", "end": "00:05:57", "text": "But right now the PMI report that just"}, {"start": "00:05:53", "end": "00:06:02", "text": "came out for May is this manufacturing"}, {"start": "00:05:57", "end": "00:06:04", "text": "PMI at 54, highest since May 2022."}, {"start": "00:06:02", "end": "00:06:07", "text": "Everybody, I just want to point that"}, {"start": "00:06:04", "end": "00:06:09", "text": "date out to you because May of 2022, you"}, {"start": "00:06:07", "end": "00:06:10", "text": "know what? Better yet, let me go let me"}, {"start": "00:06:09", "end": "00:06:12", "text": "zoom out on a Bitcoin chart and just"}, {"start": "00:06:10", "end": "00:06:14", "text": "show you where May of 2022 is. This"}, {"start": "00:06:12", "end": "00:06:18", "text": "plays directly into my theory for these"}, {"start": "00:06:14", "end": "00:06:20", "text": "cycles. Here's June 2022."}, {"start": "00:06:18", "end": "00:06:21", "text": "You know what that was? That was the"}, {"start": "00:06:20", "end": "00:06:23", "text": "beginning of quantitative tightening."}, {"start": "00:06:21", "end": "00:06:27", "text": "The quantitative tightening that has put"}, {"start": "00:06:23", "end": "00:06:30", "text": "just insane pressure from a liquidity"}, {"start": "00:06:27", "end": "00:06:32", "text": "perspective on all markets in terms of"}, {"start": "00:06:30", "end": "00:06:35", "text": "lower risk assets, especially like"}, {"start": "00:06:32", "end": "00:06:39", "text": "crypto. Now, that is back here. Here's"}, {"start": "00:06:35", "end": "00:06:40", "text": "May 2022 going back to the PMI. The this"}, {"start": "00:06:39", "end": "00:06:44", "text": "is the highest print we've seen since"}, {"start": "00:06:40", "end": "00:06:45", "text": "May of 2022 and this is basically back"}, {"start": "00:06:44", "end": "00:06:49", "text": "here right before we started going into"}, {"start": "00:06:45", "end": "00:06:51", "text": "contraction. We have a multi-year I mean"}, {"start": "00:06:49", "end": "00:06:53", "text": "it's a multicycle reversal happening in"}, {"start": "00:06:51", "end": "00:06:57", "text": "terms of economic data that's coming"}, {"start": "00:06:53", "end": "00:06:58", "text": "out. This is this is very massive. So"}, {"start": "00:06:57", "end": "00:07:01", "text": "that's number one. New orders surge to"}, {"start": "00:06:58", "end": "00:07:04", "text": "56.8 8 demand accelerating, all six"}, {"start": "00:07:01", "end": "00:07:08", "text": "major industries expanding, broad"}, {"start": "00:07:04", "end": "00:07:11", "text": "strength, prices still hot at 82.1."}, {"start": "00:07:08", "end": "00:07:15", "text": "It references tariffs and oil. So,"}, {"start": "00:07:11", "end": "00:07:18", "text": "here's the thing. That shortterm energy"}, {"start": "00:07:15", "end": "00:07:21", "text": "shock, the short-term inflation surge"}, {"start": "00:07:18", "end": "00:07:23", "text": "that we that we were seeing, none of us"}, {"start": "00:07:21", "end": "00:07:26", "text": "know when the war will end, right? But"}, {"start": "00:07:23", "end": "00:07:29", "text": "what I can tell you is if the war ends"}, {"start": "00:07:26", "end": "00:07:34", "text": "and oil and the short-term energy shock"}, {"start": "00:07:29", "end": "00:07:36", "text": "just dissipates, oil prices come down,"}, {"start": "00:07:34", "end": "00:07:38", "text": "the growth that we're seeing right now"}, {"start": "00:07:36", "end": "00:07:41", "text": "will accelerate even more because this"}, {"start": "00:07:38", "end": "00:07:44", "text": "is growth with the pressure of that"}, {"start": "00:07:41", "end": "00:07:46", "text": "short-term energy inflation. So, I don't"}, {"start": "00:07:44", "end": "00:07:48", "text": "know. Again, I don't know when the war I"}, {"start": "00:07:46", "end": "00:07:51", "text": "thought it I thought I thought it would"}, {"start": "00:07:48", "end": "00:07:52", "text": "have been over by now and I was wrong in"}, {"start": "00:07:51", "end": "00:07:55", "text": "that regard from a short for shorter"}, {"start": "00:07:52", "end": "00:07:57", "text": "term perspective. But I do think it's"}, {"start": "00:07:55", "end": "00:08:00", "text": "going to end soon out of nowhere. Oil"}, {"start": "00:07:57", "end": "00:08:05", "text": "prices will fall and then employment"}, {"start": "00:08:00", "end": "00:08:06", "text": "48.6 still contracting 32nd month. We"}, {"start": "00:08:05", "end": "00:08:09", "text": "have to keep in mind what is going on"}, {"start": "00:08:06", "end": "00:08:12", "text": "with this new world that we live in,"}, {"start": "00:08:09", "end": "00:08:14", "text": "this new world of AI. And with that"}, {"start": "00:08:12", "end": "00:08:17", "text": "comes AI productivity and with that"}, {"start": "00:08:14", "end": "00:08:19", "text": "comes economic growth that I don't think"}, {"start": "00:08:17", "end": "00:08:22", "text": "many people are anticipating. And this"}, {"start": "00:08:19", "end": "00:08:25", "text": "is playing right into my theory and my"}, {"start": "00:08:22", "end": "00:08:29", "text": "thesis in terms of the market is primed"}, {"start": "00:08:25", "end": "00:08:31", "text": "for a '9s style economic boom. If you go"}, {"start": "00:08:29", "end": "00:08:33", "text": "look at the S&P 500 in the 90s, the"}, {"start": "00:08:31", "end": "00:08:36", "text": "roaring 90s because of productivity"}, {"start": "00:08:33", "end": "00:08:38", "text": "boom, it was insane the charts. So my"}, {"start": "00:08:36", "end": "00:08:40", "text": "thesis for crypto is as we look at all"}, {"start": "00:08:38", "end": "00:08:42", "text": "this data coming together, guess what?"}, {"start": "00:08:40", "end": "00:08:45", "text": "Crypto wasn't here in the 90s. What if"}, {"start": "00:08:42", "end": "00:08:47", "text": "we enter that type of environment and"}, {"start": "00:08:45", "end": "00:08:50", "text": "it's crypto which right now is sitting"}, {"start": "00:08:47", "end": "00:08:53", "text": "at like the most oversold, undervalued"}, {"start": "00:08:50", "end": "00:08:56", "text": "asset class in the world. Pokemon"}, {"start": "00:08:53", "end": "00:08:59", "text": "outperforming crypto like crazy I think"}, {"start": "00:08:56", "end": "00:09:01", "text": "right now. So that is my thesis. This is"}, {"start": "00:08:59", "end": "00:09:03", "text": "how it's coming together with the"}, {"start": "00:09:01", "end": "00:09:05", "text": "manufacturing PMI coming out printing"}, {"start": "00:09:03", "end": "00:09:08", "text": "higher. You wouldn't believe it. This is"}, {"start": "00:09:05", "end": "00:09:11", "text": "all I've been just screaming non-stop."}, {"start": "00:09:08", "end": "00:09:13", "text": "Economic boom. a surprise economic boom"}, {"start": "00:09:11", "end": "00:09:16", "text": "will continue and we will go into"}, {"start": "00:09:13", "end": "00:09:18", "text": "expansion. And what we have to wait for"}, {"start": "00:09:16", "end": "00:09:19", "text": "because there's a lot of negativity in"}, {"start": "00:09:18", "end": "00:09:21", "text": "the headlines right now. I would say a"}, {"start": "00:09:19", "end": "00:09:24", "text": "lot of it is short-term negativity. What"}, {"start": "00:09:21", "end": "00:09:27", "text": "we have to wait for is these short-term"}, {"start": "00:09:24", "end": "00:09:29", "text": "events to kind of come to an end where I"}, {"start": "00:09:27", "end": "00:09:32", "text": "think the pressure to the upside is"}, {"start": "00:09:29", "end": "00:09:34", "text": "unlocked even more. So this is the real"}, {"start": "00:09:32", "end": "00:09:36", "text": "macro. This is the real macro data. And"}, {"start": "00:09:34", "end": "00:09:38", "text": "I really think I don't know if if Sailor"}, {"start": "00:09:36", "end": "00:09:40", "text": "and his team are looking at you know"}, {"start": "00:09:38", "end": "00:09:42", "text": "where we are in terms of growth and"}, {"start": "00:09:40", "end": "00:09:45", "text": "economic expansion. I don't know what"}, {"start": "00:09:42", "end": "00:09:48", "text": "their theory is on the cycles of just"}, {"start": "00:09:45", "end": "00:09:49", "text": "markets in general. But I really do"}, {"start": "00:09:48", "end": "00:09:52", "text": "think that they are paying attention to"}, {"start": "00:09:49", "end": "00:09:54", "text": "stuff like this. They are so zoomed out,"}, {"start": "00:09:52", "end": "00:09:57", "text": "it's not even funny where this industry"}, {"start": "00:09:54", "end": "00:10:02", "text": "right now is so zoomed in. And it's"}, {"start": "00:09:57", "end": "00:10:05", "text": "funny to see a $2.5 million sale to fund"}, {"start": "00:10:02", "end": "00:10:07", "text": "the business model mechanism that"}, {"start": "00:10:05", "end": "00:10:11", "text": "strategy has been pitching for years"}, {"start": "00:10:07", "end": "00:10:15", "text": "now. It is bullish. Everybody,"}, {"start": "00:10:11", "end": "00:10:19", "text": "long story short, don't give into or"}, {"start": "00:10:15", "end": "00:10:20", "text": "play into the short-term narratives that"}, {"start": "00:10:19", "end": "00:10:23", "text": "are in these fear headlines, these"}, {"start": "00:10:20", "end": "00:10:25", "text": "clickbait headlines. So, those are my"}, {"start": "00:10:23", "end": "00:10:27", "text": "thoughts. Today, we're going to track"}, {"start": "00:10:25", "end": "00:10:30", "text": "crypto cycles. I might do a video later"}, {"start": "00:10:27", "end": "00:10:32", "text": "on on price action because crypto is"}, {"start": "00:10:30", "end": "00:10:34", "text": "falling right now. And so, I'm doing I'm"}, {"start": "00:10:32", "end": "00:10:36", "text": "I'm I'm coming kind of coming to you"}, {"start": "00:10:34", "end": "00:10:38", "text": "with this bullish outlook as crypto is"}, {"start": "00:10:36", "end": "00:10:40", "text": "falling. And I know it's weird. We still"}, {"start": "00:10:38", "end": "00:10:43", "text": "h can track this structure on Bitcoin."}, {"start": "00:10:40", "end": "00:10:44", "text": "We have this I mean look at this right"}, {"start": "00:10:43", "end": "00:10:46", "text": "now testing the lower trend line. This"}, {"start": "00:10:44", "end": "00:10:49", "text": "very confluent area. We've been talking"}, {"start": "00:10:46", "end": "00:10:51", "text": "about this revisit this throwback since"}, {"start": "00:10:49", "end": "00:10:54", "text": "I like right here I think around May"}, {"start": "00:10:51", "end": "00:10:56", "text": "12th or so and we've gotten it. Let's"}, {"start": "00:10:54", "end": "00:10:57", "text": "just track it. Maybe it breaks to the"}, {"start": "00:10:56", "end": "00:11:00", "text": "downside. Maybe maybe Bitcoin goes to"}, {"start": "00:10:57", "end": "00:11:03", "text": "the $60,000 target. I don't know. But"}, {"start": "00:11:00", "end": "00:11:07", "text": "what's more important is what's"}, {"start": "00:11:03", "end": "00:11:10", "text": "happening here from this macro cycle"}, {"start": "00:11:07", "end": "00:11:12", "text": "shift perspective because it has been a"}, {"start": "00:11:10", "end": "00:11:16", "text": "long time coming everybody and we are in"}, {"start": "00:11:12", "end": "00:11:18", "text": "a macro pivot, a macro reversal. So"}, {"start": "00:11:16", "end": "00:11:20", "text": "these are just my thoughts. I appreciate"}, {"start": "00:11:18", "end": "00:11:21", "text": "you cruising by. If you're a macro"}, {"start": "00:11:20", "end": "00:11:22", "text": "person, if you're if you're a crypto"}, {"start": "00:11:21", "end": "00:11:24", "text": "investor that's trying to put emotion"}, {"start": "00:11:22", "end": "00:11:26", "text": "aside and just look at the data,"}, {"start": "00:11:24", "end": "00:11:28", "text": "anticipate every scenario. Anticipate"}, {"start": "00:11:26", "end": "00:11:31", "text": "four year cycles, right? we go we we hit"}, {"start": "00:11:28", "end": "00:11:33", "text": "our lows in October. It helps to"}, {"start": "00:11:31", "end": "00:11:35", "text": "visualize every every scenario."}, {"start": "00:11:33", "end": "00:11:38", "text": "But if you are a macro investor and"}, {"start": "00:11:35", "end": "00:11:40", "text": "you're looking for data that removes"}, {"start": "00:11:38", "end": "00:11:42", "text": "like the short-term headlines and"}, {"start": "00:11:40", "end": "00:11:44", "text": "volatility of it, hit the subscribe,"}, {"start": "00:11:42", "end": "00:11:46", "text": "turn notifications on. I appreciate your"}, {"start": "00:11:44", "end": "00:11:47", "text": "support and if you enjoyed the video,"}, {"start": "00:11:46", "end": "00:11:50", "text": "hit that like. I will see you in the"}, {"start": "00:11:47", "end": "00:11:50", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Was this a good time to give up when it"}, {"start": "00:00:01", "end": "00:00:08", "text": "was down 89% as S&P 500 was just going"}, {"start": "00:00:05", "end": "00:00:10", "text": "parabolic in price discovery? Dogecoin"}, {"start": "00:00:08", "end": "00:00:13", "text": "sitting here down 89% December 2019"}, {"start": "00:00:10", "end": "00:00:16", "text": "postQT. Was that a good time to give up?"}, {"start": "00:00:13", "end": "00:00:18", "text": "It was actually the absolute worst time"}, {"start": "00:00:16", "end": "00:00:20", "text": "to give up because anybody, and I'm sure"}, {"start": "00:00:18", "end": "00:00:21", "text": "there were people that gave up then,"}, {"start": "00:00:20", "end": "00:00:25", "text": "anybody that did give up that was"}, {"start": "00:00:21", "end": "00:00:27", "text": "holding Dogecoin missed out on 36,000%"}, {"start": "00:00:25", "end": "00:00:29", "text": "gains. Please see from a macro"}, {"start": "00:00:27", "end": "00:00:31", "text": "perspective how quick everything can"}, {"start": "00:00:29", "end": "00:00:32", "text": "change. At a glance, the crypto space"}, {"start": "00:00:31", "end": "00:00:34", "text": "doesn't really have much going for"}, {"start": "00:00:32", "end": "00:00:37", "text": "itself right now. S&P 500 going"}, {"start": "00:00:34", "end": "00:00:40", "text": "parabolic in price discovery. Bitcoin"}, {"start": "00:00:37", "end": "00:00:42", "text": "down around 40%. Altcoins looking worse"}, {"start": "00:00:40", "end": "00:00:43", "text": "than they've pretty much ever looked. In"}, {"start": "00:00:42", "end": "00:00:46", "text": "this video, I want to show you four"}, {"start": "00:00:43", "end": "00:00:51", "text": "altcoin charts that might tell you or"}, {"start": "00:00:46", "end": "00:00:51", "text": "show you a completely different story."}, {"start": "00:00:53", "end": "00:00:56", "text": "What's up everyone? Welcome to Crypto"}, {"start": "00:00:54", "end": "00:00:58", "text": "Capital Venture. to subscribe on the way"}, {"start": "00:00:56", "end": "00:01:00", "text": "in. This is the S&P 500 on the monthly."}, {"start": "00:00:58", "end": "00:01:02", "text": "I just did a video on this in relation"}, {"start": "00:01:00", "end": "00:01:03", "text": "to Bitcoin. But what I want to do is I"}, {"start": "00:01:02", "end": "00:01:06", "text": "want to show you a bunch of altcoin"}, {"start": "00:01:03", "end": "00:01:08", "text": "charts and I really want to break down"}, {"start": "00:01:06", "end": "00:01:10", "text": "the reality of the situation right now."}, {"start": "00:01:08", "end": "00:01:11", "text": "I know it looks terrible. I saw this"}, {"start": "00:01:10", "end": "00:01:13", "text": "post, crypto lagging right now is"}, {"start": "00:01:11", "end": "00:01:17", "text": "expected."}, {"start": "00:01:13", "end": "00:01:19", "text": "It sounds too positive. It sounds like"}, {"start": "00:01:17", "end": "00:01:21", "text": "in me reading it, I know to most of you"}, {"start": "00:01:19", "end": "00:01:25", "text": "it's just like Dan, give it up. I I"}, {"start": "00:01:21", "end": "00:01:29", "text": "understand. But I would give it up if"}, {"start": "00:01:25", "end": "00:01:32", "text": "what he's saying was false. If the data"}, {"start": "00:01:29", "end": "00:01:34", "text": "didn't just reflect exactly what he's"}, {"start": "00:01:32", "end": "00:01:37", "text": "saying, I would give it up. I would"}, {"start": "00:01:34", "end": "00:01:38", "text": "concede to my bull thesis for crypto."}, {"start": "00:01:37", "end": "00:01:40", "text": "And by the way, as we start this"}, {"start": "00:01:38", "end": "00:01:42", "text": "analysis and we go into these altcoin"}, {"start": "00:01:40", "end": "00:01:44", "text": "charts, I want to show you this very"}, {"start": "00:01:42", "end": "00:01:45", "text": "quick clip. I saw this from Franklin"}, {"start": "00:01:44", "end": "00:01:47", "text": "Temple Temp Templeton. I'm not the only"}, {"start": "00:01:45", "end": "00:01:49", "text": "one. Everybody check this out."}, {"start": "00:01:47", "end": "00:01:50", "text": ">> High level. We're on the cusp of"}, {"start": "00:01:49", "end": "00:01:52", "text": "breaking the four-ear cycle."}, {"start": "00:01:50", "end": "00:01:54", "text": ">> Oh, that's a hot take. in every"}, {"start": "00:01:52", "end": "00:01:56", "text": "four-year cycle. Prior to this one, we"}, {"start": "00:01:54", "end": "00:01:57", "text": "never had Bitcoin hit an all-time high"}, {"start": "00:01:56", "end": "00:01:59", "text": "before the Bitcoin hack."}, {"start": "00:01:57", "end": "00:02:01", "text": ">> There are so many reasons that could"}, {"start": "00:01:59", "end": "00:02:03", "text": "play into why the four-year cycle is"}, {"start": "00:02:01", "end": "00:02:06", "text": "broken. I think it's very interesting"}, {"start": "00:02:03", "end": "00:02:08", "text": "Franklin Templeton actually putting this"}, {"start": "00:02:06", "end": "00:02:10", "text": "out there because it's a very unpopular"}, {"start": "00:02:08", "end": "00:02:13", "text": "thought right now as crypto falls and as"}, {"start": "00:02:10", "end": "00:02:15", "text": "altcoins look absolutely terrible. What"}, {"start": "00:02:13", "end": "00:02:18", "text": "I want to do is here's the here's the"}, {"start": "00:02:15", "end": "00:02:19", "text": "S&P 500 and the thought is and I did"}, {"start": "00:02:18", "end": "00:02:22", "text": "this with a video last night in relation"}, {"start": "00:02:19", "end": "00:02:24", "text": "to Bitcoin, right? And I showed you in"}, {"start": "00:02:22", "end": "00:02:28", "text": "terms of where Bitcoin is right now."}, {"start": "00:02:24", "end": "00:02:29", "text": "It's down while S&P 500 is is in"}, {"start": "00:02:28", "end": "00:02:32", "text": "all-time high. Bitcoin down 40% from"}, {"start": "00:02:29", "end": "00:02:35", "text": "all-time highs. We looked at in"}, {"start": "00:02:32", "end": "00:02:38", "text": "particular December 2019 because this is"}, {"start": "00:02:35", "end": "00:02:41", "text": "precisely from a cycle perspective where"}, {"start": "00:02:38", "end": "00:02:43", "text": "I think we are from a macro perspective,"}, {"start": "00:02:41", "end": "00:02:46", "text": "macroeconomics, the Fed, what they're"}, {"start": "00:02:43", "end": "00:02:48", "text": "doing, PMI in the business cycle. You"}, {"start": "00:02:46", "end": "00:02:50", "text": "see these red boxes? This is"}, {"start": "00:02:48", "end": "00:02:53", "text": "quantitative tightening starting and"}, {"start": "00:02:50", "end": "00:02:55", "text": "then ending. And then this was post QT."}, {"start": "00:02:53", "end": "00:02:57", "text": "This was a post QQT normalization phase"}, {"start": "00:02:55", "end": "00:02:58", "text": "that I've been saying for crypto"}, {"start": "00:02:57", "end": "00:03:01", "text": "anticipate the dip because it happened"}, {"start": "00:02:58", "end": "00:03:04", "text": "last cycle. Notice how S&P 500 didn't"}, {"start": "00:03:01", "end": "00:03:06", "text": "dip post QT. It actually during the"}, {"start": "00:03:04", "end": "00:03:08", "text": "normalization phase was month after"}, {"start": "00:03:06", "end": "00:03:10", "text": "month all-time high. Here is"}, {"start": "00:03:08", "end": "00:03:12", "text": "quantitative tightening this cycle. We"}, {"start": "00:03:10", "end": "00:03:15", "text": "have quantitative tightening ending"}, {"start": "00:03:12", "end": "00:03:17", "text": "December 1st, 2025 and S&P 500"}, {"start": "00:03:15", "end": "00:03:19", "text": "consolidated a little bit, but now"}, {"start": "00:03:17", "end": "00:03:21", "text": "again, we're in price discovery as this"}, {"start": "00:03:19", "end": "00:03:25", "text": "is happening. Now, crypto has been"}, {"start": "00:03:21", "end": "00:03:27", "text": "dipping post QT exactly like it was last"}, {"start": "00:03:25", "end": "00:03:28", "text": "cycle. So, what I want to do is I want"}, {"start": "00:03:27", "end": "00:03:29", "text": "to work through some of these charts"}, {"start": "00:03:28", "end": "00:03:32", "text": "with you. But we're going to end on a"}, {"start": "00:03:29", "end": "00:03:34", "text": "link chart which is going to paint you a"}, {"start": "00:03:32", "end": "00:03:36", "text": "completely different picture when we"}, {"start": "00:03:34", "end": "00:03:40", "text": "think about well why are tokens like"}, {"start": "00:03:36", "end": "00:03:41", "text": "hype and Zcash just breaking out like"}, {"start": "00:03:40", "end": "00:03:43", "text": "what is going on there? They they've"}, {"start": "00:03:41", "end": "00:03:45", "text": "been in price discovery as cryptos and"}, {"start": "00:03:43", "end": "00:03:47", "text": "other altcoins have been down. What is"}, {"start": "00:03:45", "end": "00:03:48", "text": "happening? I want to show you it's going"}, {"start": "00:03:47", "end": "00:03:50", "text": "to paint you a very nice picture for"}, {"start": "00:03:48", "end": "00:03:54", "text": "you. So let's start here with the total"}, {"start": "00:03:50", "end": "00:03:56", "text": "crypto market cap chart. So from 2021"}, {"start": "00:03:54", "end": "00:03:58", "text": "all-time high the crypto market cap"}, {"start": "00:03:56", "end": "00:04:01", "text": "chart and this is excluding Bitcoin."}, {"start": "00:03:58", "end": "00:04:04", "text": "This is all coins is down 43% at this"}, {"start": "00:04:01", "end": "00:04:07", "text": "moment. To give you a sense of the"}, {"start": "00:04:04", "end": "00:04:11", "text": "situation from all-time high in December"}, {"start": "00:04:07", "end": "00:04:15", "text": "2017 on this chart or January 2018 on"}, {"start": "00:04:11", "end": "00:04:18", "text": "this chart to the 2019 postQT"}, {"start": "00:04:15", "end": "00:04:20", "text": "normalization dip that happened when S&P"}, {"start": "00:04:18", "end": "00:04:24", "text": "500 at this moment was in price"}, {"start": "00:04:20", "end": "00:04:26", "text": "discovery all-time high, altcoins were"}, {"start": "00:04:24", "end": "00:04:28", "text": "down 89%."}, {"start": "00:04:26", "end": "00:04:30", "text": "Right now, at the same exact macro"}, {"start": "00:04:28", "end": "00:04:33", "text": "moment, the altcoin market cap chart is"}, {"start": "00:04:30", "end": "00:04:35", "text": "down 43%. And we're going to get into"}, {"start": "00:04:33", "end": "00:04:37", "text": "the specifics. It's not like every"}, {"start": "00:04:35", "end": "00:04:38", "text": "altcoin is down 43%. Many look worse"}, {"start": "00:04:37", "end": "00:04:41", "text": "than that. We're going to look at it and"}, {"start": "00:04:38", "end": "00:04:44", "text": "I want to explain it. But to explain it"}, {"start": "00:04:41", "end": "00:04:46", "text": "very simply on this chart to start,"}, {"start": "00:04:44", "end": "00:04:50", "text": "here's the explanation in my it's just"}, {"start": "00:04:46", "end": "00:04:53", "text": "in my simple very simple view. When we"}, {"start": "00:04:50", "end": "00:04:56", "text": "look at this, the only difference here"}, {"start": "00:04:53", "end": "00:04:59", "text": "is, and this is what makes it hurt so"}, {"start": "00:04:56", "end": "00:05:03", "text": "much more, this is what makes it seem"}, {"start": "00:04:59", "end": "00:05:06", "text": "like it's game over in such a stronger"}, {"start": "00:05:03", "end": "00:05:08", "text": "way than it seemed back here. Because,"}, {"start": "00:05:06", "end": "00:05:11", "text": "by the way, it seemed game over back"}, {"start": "00:05:08", "end": "00:05:14", "text": "here. It really did. The only thing that"}, {"start": "00:05:11", "end": "00:05:17", "text": "makes it worse is the length of time."}, {"start": "00:05:14", "end": "00:05:19", "text": "And the length of time unfortunately and"}, {"start": "00:05:17", "end": "00:05:22", "text": "this is a very big reason of why I think"}, {"start": "00:05:19", "end": "00:05:25", "text": "the four-year cycle is breaking the"}, {"start": "00:05:22", "end": "00:05:27", "text": "length of time is due to the suppression"}, {"start": "00:05:25", "end": "00:05:30", "text": "and the contraction of the business"}, {"start": "00:05:27", "end": "00:05:33", "text": "cycle. So when we think of just"}, {"start": "00:05:30", "end": "00:05:35", "text": "liquidity in a really risk on ass risk"}, {"start": "00:05:33", "end": "00:05:37", "text": "on environment working its way down the"}, {"start": "00:05:35", "end": "00:05:40", "text": "risk curve crypto has not had the"}, {"start": "00:05:37", "end": "00:05:44", "text": "environment. It just hasn't had it yet."}, {"start": "00:05:40", "end": "00:05:45", "text": "Part of my theory is that it's about to"}, {"start": "00:05:44", "end": "00:05:48", "text": "have that environment and time will"}, {"start": "00:05:45", "end": "00:05:50", "text": "tell. PMI once again prints on Monday. I"}, {"start": "00:05:48", "end": "00:05:52", "text": "will not be surprised at all because of"}, {"start": "00:05:50", "end": "00:05:54", "text": "the Middle East war if this ticks down a"}, {"start": "00:05:52", "end": "00:05:56", "text": "little bit. That is not to say that on"}, {"start": "00:05:54", "end": "00:05:59", "text": "the macro this won't continue increasing"}, {"start": "00:05:56", "end": "00:06:00", "text": "and expanding. But with that being said,"}, {"start": "00:05:59", "end": "00:06:03", "text": "you can see this business cycle in"}, {"start": "00:06:00", "end": "00:06:05", "text": "green. This is what has led to the"}, {"start": "00:06:03", "end": "00:06:06", "text": "suppression on these altcoin charts. And"}, {"start": "00:06:05", "end": "00:06:08", "text": "so when we think about the business"}, {"start": "00:06:06", "end": "00:06:11", "text": "cycle and we think about altcoins in"}, {"start": "00:06:08", "end": "00:06:14", "text": "multi-year contraction of liquidity, it"}, {"start": "00:06:11", "end": "00:06:16", "text": "is no surprise to me that altcoins are"}, {"start": "00:06:14", "end": "00:06:19", "text": "where they are because we were in the"}, {"start": "00:06:16", "end": "00:06:22", "text": "same exact area last cycle at this very"}, {"start": "00:06:19", "end": "00:06:25", "text": "moment. Actually, even worse, 89% down"}, {"start": "00:06:22", "end": "00:06:26", "text": "on this chart at this very moment. The"}, {"start": "00:06:25", "end": "00:06:29", "text": "only difference, and this is what makes"}, {"start": "00:06:26", "end": "00:06:32", "text": "everything worse, is the length of time"}, {"start": "00:06:29", "end": "00:06:35", "text": "that we've had to deal with the absolute"}, {"start": "00:06:32", "end": "00:06:37", "text": "suppression of crypto and the altcoin"}, {"start": "00:06:35", "end": "00:06:40", "text": "markets in particular because they are"}, {"start": "00:06:37", "end": "00:06:41", "text": "at the end of the risk curve. So, with"}, {"start": "00:06:40", "end": "00:06:45", "text": "that being said, let's look at some of"}, {"start": "00:06:41", "end": "00:06:49", "text": "these altcoins. Here is Ethereum. So, QT"}, {"start": "00:06:45", "end": "00:06:53", "text": "ending 2019, right? Post QT dip. Here's"}, {"start": "00:06:49", "end": "00:06:56", "text": "December 2019. At that very moment, S&P"}, {"start": "00:06:53", "end": "00:06:58", "text": "500 at an all-time high,"}, {"start": "00:06:56", "end": "00:07:01", "text": "Ethereum was down 91%"}, {"start": "00:06:58", "end": "00:07:04", "text": "at that moment. Now, after years of"}, {"start": "00:07:01", "end": "00:07:06", "text": "suppression, the amount of time that has"}, {"start": "00:07:04", "end": "00:07:09", "text": "taken to go through this entire macro"}, {"start": "00:07:06", "end": "00:07:11", "text": "move is way longer for Ethereum. But"}, {"start": "00:07:09", "end": "00:07:12", "text": "right now, we are at that"}, {"start": "00:07:11", "end": "00:07:14", "text": "postquantitative tightening"}, {"start": "00:07:12", "end": "00:07:16", "text": "normalization phase, the end of the"}, {"start": "00:07:14", "end": "00:07:17", "text": "phase in my opinion. We're approaching"}, {"start": "00:07:16", "end": "00:07:22", "text": "the end of the phase. And Ethereum is"}, {"start": "00:07:17", "end": "00:07:25", "text": "not down 91%, Ethereum is down 59%."}, {"start": "00:07:22", "end": "00:07:27", "text": "It's enough for for so many ETH holders"}, {"start": "00:07:25", "end": "00:07:30", "text": "and altcoin holders to think it's game"}, {"start": "00:07:27", "end": "00:07:32", "text": "over for Ethereum. Therefore, it's"}, {"start": "00:07:30", "end": "00:07:34", "text": "absolutely game over for altcoins."}, {"start": "00:07:32", "end": "00:07:37", "text": "Dogecoin, I'm using Dogecoin because"}, {"start": "00:07:34", "end": "00:07:40", "text": "it's it's a top 10 crypto number one,"}, {"start": "00:07:37", "end": "00:07:44", "text": "but it also has cycle data. If you look"}, {"start": "00:07:40", "end": "00:07:46", "text": "at 2019 of December, the same exact"}, {"start": "00:07:44", "end": "00:07:50", "text": "phase, S&P 500 in all-time high"}, {"start": "00:07:46", "end": "00:07:53", "text": "territory, Dogecoin down 89%. At that"}, {"start": "00:07:50", "end": "00:07:55", "text": "moment, was that the end for Dogecoin?"}, {"start": "00:07:53", "end": "00:07:57", "text": "Absolutely not. So, when you think of"}, {"start": "00:07:55", "end": "00:08:00", "text": "altcoins, some of my favorite altcoins"}, {"start": "00:07:57", "end": "00:08:02", "text": "that are down 80, 90% plus right now,"}, {"start": "00:08:00", "end": "00:08:04", "text": "this is why I sit here and I'm just"}, {"start": "00:08:02", "end": "00:08:06", "text": "still bullish on them because we've been"}, {"start": "00:08:04", "end": "00:08:09", "text": "here in previous cycles and especially"}, {"start": "00:08:06", "end": "00:08:12", "text": "the low caps because Dogecoin was a low"}, {"start": "00:08:09", "end": "00:08:14", "text": "cap back here. Was that the end for"}, {"start": "00:08:12", "end": "00:08:17", "text": "Dogecoin? Was this a good time to give"}, {"start": "00:08:14", "end": "00:08:20", "text": "up when it was down 89% as S&P 500 was"}, {"start": "00:08:17", "end": "00:08:22", "text": "just going parabolic in price discovery?"}, {"start": "00:08:20", "end": "00:08:25", "text": "Dogecoin sitting here down 89% December"}, {"start": "00:08:22", "end": "00:08:28", "text": "2019 postQT. Was that a good time to"}, {"start": "00:08:25", "end": "00:08:31", "text": "give up? It was actually the absolute"}, {"start": "00:08:28", "end": "00:08:32", "text": "worst time to give up because anybody,"}, {"start": "00:08:31", "end": "00:08:34", "text": "and I'm sure there were people that gave"}, {"start": "00:08:32", "end": "00:08:36", "text": "up then, anybody that did give up that"}, {"start": "00:08:34", "end": "00:08:38", "text": "was holding Dogecoin missed out on"}, {"start": "00:08:36", "end": "00:08:40", "text": "36,000%"}, {"start": "00:08:38", "end": "00:08:42", "text": "gains. Please see from a macro"}, {"start": "00:08:40", "end": "00:08:44", "text": "perspective how quick everything can"}, {"start": "00:08:42", "end": "00:08:46", "text": "change. Please just note that on this"}, {"start": "00:08:44", "end": "00:08:51", "text": "Dogecoin chart because now we go here on"}, {"start": "00:08:46", "end": "00:08:53", "text": "Dogecoin. It's down 86% from the 2021"}, {"start": "00:08:51", "end": "00:08:56", "text": "all-time high. Again, just as a"}, {"start": "00:08:53", "end": "00:08:57", "text": "reminder, because in my opinion, we've"}, {"start": "00:08:56", "end": "00:08:59", "text": "been in this contraction. Not because"}, {"start": "00:08:57", "end": "00:09:02", "text": "crypto, it's game over for crypto. Are"}, {"start": "00:08:59", "end": "00:09:05", "text": "you kidding me? The the confluence of"}, {"start": "00:09:02", "end": "00:09:07", "text": "fundamental bullishness is is the most"}, {"start": "00:09:05", "end": "00:09:09", "text": "that we've ever had in any cycle."}, {"start": "00:09:07", "end": "00:09:12", "text": "Whether that's technical indicators,"}, {"start": "00:09:09", "end": "00:09:15", "text": "macroeconomic indicators,"}, {"start": "00:09:12", "end": "00:09:17", "text": "or administration,"}, {"start": "00:09:15", "end": "00:09:20", "text": "right? We're thinking about legislation"}, {"start": "00:09:17", "end": "00:09:22", "text": "and all of those indicators. Do you"}, {"start": "00:09:20", "end": "00:09:25", "text": "realize Paul Atkins, the sitting chair"}, {"start": "00:09:22", "end": "00:09:27", "text": "of the SEC, is incredibly bullish on"}, {"start": "00:09:25", "end": "00:09:29", "text": "crypto, everything being unlocked for"}, {"start": "00:09:27", "end": "00:09:32", "text": "crypto and crypto innovation. This isn't"}, {"start": "00:09:29", "end": "00:09:35", "text": "a problem of crypto. It's a problem of"}, {"start": "00:09:32", "end": "00:09:39", "text": "liquidity making its way in a in an"}, {"start": "00:09:35", "end": "00:09:43", "text": "environment of expansion to this lower"}, {"start": "00:09:39", "end": "00:09:45", "text": "market cap, high-risk environment of"}, {"start": "00:09:43", "end": "00:09:48", "text": "crypto, that asset class. It's so far"}, {"start": "00:09:45", "end": "00:09:49", "text": "down the risk curve. That is why it lags"}, {"start": "00:09:48", "end": "00:09:51", "text": "in terms of all of these things. This is"}, {"start": "00:09:49", "end": "00:09:53", "text": "why I started the video with this crypto"}, {"start": "00:09:51", "end": "00:09:55", "text": "lagging right now as expected because"}, {"start": "00:09:53", "end": "00:09:58", "text": "I'm showing you on these charts. It's"}, {"start": "00:09:55", "end": "00:10:01", "text": "exactly what happened last cycle. It was"}, {"start": "00:09:58", "end": "00:10:04", "text": "lagging. Dogecoin was down 89% as S&P"}, {"start": "00:10:01", "end": "00:10:07", "text": "500 was in price discovery. Dogecoin is"}, {"start": "00:10:04", "end": "00:10:10", "text": "down 86% while the S&P 500 is in price"}, {"start": "00:10:07", "end": "00:10:14", "text": "discovery. This is not a crypto problem."}, {"start": "00:10:10", "end": "00:10:17", "text": "ADA down currently 92%."}, {"start": "00:10:14", "end": "00:10:19", "text": "It's terrible. Think about Ethereum last"}, {"start": "00:10:17", "end": "00:10:21", "text": "cycle. E Cardano is like a cycle behind"}, {"start": "00:10:19", "end": "00:10:24", "text": "Ethereum. Last cycle at this moment,"}, {"start": "00:10:21", "end": "00:10:26", "text": "Ethereum was down 91%."}, {"start": "00:10:24", "end": "00:10:28", "text": "It wasn't the end of the road for"}, {"start": "00:10:26", "end": "00:10:30", "text": "Ethereum. I don't think it's the end of"}, {"start": "00:10:28", "end": "00:10:35", "text": "the road for Cardano. Cardano last cycle"}, {"start": "00:10:30", "end": "00:10:37", "text": "was down 97% in December 2019."}, {"start": "00:10:35", "end": "00:10:38", "text": "Was that a good time to give up and bail"}, {"start": "00:10:37", "end": "00:10:40", "text": "on crypto? And I'm not saying there"}, {"start": "00:10:38", "end": "00:10:42", "text": "can't be more downside right now. I"}, {"start": "00:10:40", "end": "00:10:46", "text": "mean, we could continue further, but I'm"}, {"start": "00:10:42", "end": "00:10:48", "text": "just saying from a macro value investor"}, {"start": "00:10:46", "end": "00:10:50", "text": "standpoint in terms of"}, {"start": "00:10:48", "end": "00:10:53", "text": "cycles and in terms of opportunity"}, {"start": "00:10:50", "end": "00:10:56", "text": "that's in crypto and even all coins, it"}, {"start": "00:10:53", "end": "00:10:58", "text": "just for me, especially right now, it"}, {"start": "00:10:56", "end": "00:11:01", "text": "just doesn't make sense to give up on on"}, {"start": "00:10:58", "end": "00:11:04", "text": "crypto or just to think that it's it's"}, {"start": "00:11:01", "end": "00:11:06", "text": "game over and it's all failed."}, {"start": "00:11:04", "end": "00:11:08", "text": "If all this other data wasn't there, the"}, {"start": "00:11:06", "end": "00:11:11", "text": "macroeconomic stuff that I've been"}, {"start": "00:11:08", "end": "00:11:14", "text": "tracking, the the similarities and the"}, {"start": "00:11:11", "end": "00:11:16", "text": "correlation with 2019 and S&P 500 and"}, {"start": "00:11:14", "end": "00:11:17", "text": "price discovery as this was happening,"}, {"start": "00:11:16", "end": "00:11:20", "text": "if all of this was not here, I wouldn't"}, {"start": "00:11:17", "end": "00:11:22", "text": "sit here and just continue. There really"}, {"start": "00:11:20", "end": "00:11:23", "text": "would be this moment where I am kind of"}, {"start": "00:11:22", "end": "00:11:27", "text": "like doing a video and I'm just like,"}, {"start": "00:11:23", "end": "00:11:30", "text": "everybody, it's this is terrible. This"}, {"start": "00:11:27", "end": "00:11:32", "text": "is this is concerning."}, {"start": "00:11:30", "end": "00:11:35", "text": "It is not fun."}, {"start": "00:11:32", "end": "00:11:36", "text": "This is not fun."}, {"start": "00:11:35", "end": "00:11:39", "text": "Look at these charts. Look at the"}, {"start": "00:11:36", "end": "00:11:43", "text": "altcoin charts. Anything Ethereum, Doge,"}, {"start": "00:11:39", "end": "00:11:46", "text": "ADA, Link, this is not fun. Link is at"}, {"start": "00:11:43", "end": "00:11:49", "text": "the same price as August 2020."}, {"start": "00:11:46", "end": "00:11:50", "text": "It's not fun. But it does not mean"}, {"start": "00:11:49", "end": "00:11:53", "text": "crypto has has failed and it does not"}, {"start": "00:11:50", "end": "00:11:56", "text": "mean crypto's not in this position to"}, {"start": "00:11:53", "end": "00:11:58", "text": "absolutely explode as it sits at the"}, {"start": "00:11:56", "end": "00:12:01", "text": "bottom of the risk curve right now. This"}, {"start": "00:11:58", "end": "00:12:03", "text": "is exactly what happened 2019. Now,"}, {"start": "00:12:01", "end": "00:12:05", "text": "while I have a link chart, I want to"}, {"start": "00:12:03", "end": "00:12:08", "text": "speak to something opposite of this"}, {"start": "00:12:05", "end": "00:12:10", "text": "entire conversation. It's this thought"}, {"start": "00:12:08", "end": "00:12:12", "text": "of, and I should probably do a full"}, {"start": "00:12:10", "end": "00:12:14", "text": "length video on this, but look at hype,"}, {"start": "00:12:12", "end": "00:12:16", "text": "right? Hyperlid."}, {"start": "00:12:14", "end": "00:12:17", "text": "Look at Zcash. These things are breaking"}, {"start": "00:12:16", "end": "00:12:22", "text": "out, and it's kind of like, man,"}, {"start": "00:12:17", "end": "00:12:22", "text": "crypto's changed. You know, cryptos,"}, {"start": "00:12:23", "end": "00:12:27", "text": "Ethereum, it's just an older coin. It's"}, {"start": "00:12:25", "end": "00:12:31", "text": "a dinosaur coin. Like, Cardano is a"}, {"start": "00:12:27", "end": "00:12:32", "text": "dinosaur coin. even Dogecoin, just, you"}, {"start": "00:12:31", "end": "00:12:34", "text": "know, the top cryptos that we're all"}, {"start": "00:12:32", "end": "00:12:36", "text": "used to. It's game over, dude. It's a"}, {"start": "00:12:34", "end": "00:12:42", "text": "new new players in town."}, {"start": "00:12:36", "end": "00:12:44", "text": "Look at look at chain link last cycle."}, {"start": "00:12:42", "end": "00:12:47", "text": "So,"}, {"start": "00:12:44", "end": "00:12:50", "text": "if we think about what crypto was doing"}, {"start": "00:12:47", "end": "00:12:53", "text": "in this moment in 2019, I will tell you"}, {"start": "00:12:50", "end": "00:12:57", "text": "one thing, it wasn't in price discovery"}, {"start": "00:12:53", "end": "00:13:00", "text": "in June of 2019. If I go and I can even"}, {"start": "00:12:57", "end": "00:13:03", "text": "go to probably the altcoin market cap in"}, {"start": "00:13:00", "end": "00:13:08", "text": "June of 2019. Let's see May June of"}, {"start": "00:13:03", "end": "00:13:11", "text": "2019. Uh altcoins in general were you"}, {"start": "00:13:08", "end": "00:13:16", "text": "know even if I take it to that wick"}, {"start": "00:13:11", "end": "00:13:19", "text": "swing high 70% down. Chain link was in"}, {"start": "00:13:16", "end": "00:13:21", "text": "price discovery. Why was it the new"}, {"start": "00:13:19", "end": "00:13:23", "text": "player in town? Was it was it game over"}, {"start": "00:13:21", "end": "00:13:26", "text": "for Cardano and Ethereum? No. those went"}, {"start": "00:13:23", "end": "00:13:28", "text": "on to have a very very nice bull market."}, {"start": "00:13:26", "end": "00:13:30", "text": "Point being, every cycle there's going"}, {"start": "00:13:28", "end": "00:13:32", "text": "to be outliers because maybe they are a"}, {"start": "00:13:30", "end": "00:13:35", "text": "new player in town. Maybe there is a new"}, {"start": "00:13:32", "end": "00:13:37", "text": "narrative, right, for a certain coin"}, {"start": "00:13:35", "end": "00:13:39", "text": "that just came out of nowhere and it's"}, {"start": "00:13:37", "end": "00:13:42", "text": "really helping that altcoin do well."}, {"start": "00:13:39", "end": "00:13:44", "text": "There are these outliers. It doesn't you"}, {"start": "00:13:42", "end": "00:13:46", "text": "can't take that one signal and apply it"}, {"start": "00:13:44", "end": "00:13:49", "text": "to to the rest of the crypto space and"}, {"start": "00:13:46", "end": "00:13:52", "text": "make one decisive decision on crypto."}, {"start": "00:13:49", "end": "00:13:54", "text": "institutions have been accumulating blue"}, {"start": "00:13:52", "end": "00:13:56", "text": "chips because they're positioning for"}, {"start": "00:13:54", "end": "00:13:58", "text": "something which I think is what I'm"}, {"start": "00:13:56", "end": "00:14:00", "text": "talking about in this video, a macro"}, {"start": "00:13:58", "end": "00:14:02", "text": "bull market for crypto. I think crypto"}, {"start": "00:14:00", "end": "00:14:05", "text": "is undervalued. It's underpriced and"}, {"start": "00:14:02", "end": "00:14:09", "text": "eventually as the charting guy here is"}, {"start": "00:14:05", "end": "00:14:14", "text": "saying it's lagging and it's expected."}, {"start": "00:14:09", "end": "00:14:18", "text": "And I try very quickly to just at least"}, {"start": "00:14:14", "end": "00:14:20", "text": "sum up my opinion here as a presentation"}, {"start": "00:14:18", "end": "00:14:23", "text": "to you to consider. Not because I'm"}, {"start": "00:14:20", "end": "00:14:25", "text": "like, go buy altcoins. Go buy altcoins I"}, {"start": "00:14:23", "end": "00:14:26", "text": "hold. Don't go buy altcoins that I hold."}, {"start": "00:14:25", "end": "00:14:28", "text": "I don't. It doesn't matter to me what"}, {"start": "00:14:26", "end": "00:14:29", "text": "you do. But I'm absolutely tracking my"}, {"start": "00:14:28", "end": "00:14:31", "text": "journey and I'm trying to present to you"}, {"start": "00:14:29", "end": "00:14:33", "text": "data that I think is valuable to"}, {"start": "00:14:31", "end": "00:14:36", "text": "consider. You can't just I don't think"}, {"start": "00:14:33", "end": "00:14:40", "text": "it's a good idea at all to just only"}, {"start": "00:14:36", "end": "00:14:42", "text": "consider one view. Part of my, you know,"}, {"start": "00:14:40", "end": "00:14:44", "text": "investment approach to the markets is"}, {"start": "00:14:42", "end": "00:14:46", "text": "100% considering that the four-year"}, {"start": "00:14:44", "end": "00:14:48", "text": "cycle people are correct and I got to"}, {"start": "00:14:46", "end": "00:14:50", "text": "wait till the end of the year before we"}, {"start": "00:14:48", "end": "00:14:53", "text": "bottom. That's part of my approach is"}, {"start": "00:14:50", "end": "00:14:55", "text": "actually considering that and I'm wrong,"}, {"start": "00:14:53", "end": "00:14:57", "text": "but that's what helps us manage our"}, {"start": "00:14:55", "end": "00:14:59", "text": "risk. Do you know what I'm saying? And"}, {"start": "00:14:57", "end": "00:15:01", "text": "if you go here, I want to end this post"}, {"start": "00:14:59", "end": "00:15:03", "text": "with this this thought from Wilburforce."}, {"start": "00:15:01", "end": "00:15:05", "text": "As far as I'm concerned, this is the"}, {"start": "00:15:03", "end": "00:15:06", "text": "best pre-bull run phase we've ever seen."}, {"start": "00:15:05", "end": "00:15:08", "text": "I'm not against anyone saying there"}, {"start": "00:15:06", "end": "00:15:10", "text": "won't be a bull run in 2026. That is"}, {"start": "00:15:08", "end": "00:15:12", "text": "fine. You can say that. I agree. I"}, {"start": "00:15:10", "end": "00:15:14", "text": "respect it. I only have a problem when"}, {"start": "00:15:12", "end": "00:15:16", "text": "they try to force their fear on you. You"}, {"start": "00:15:14", "end": "00:15:17", "text": "have the power to make your own choice."}, {"start": "00:15:16", "end": "00:15:19", "text": "And that's the thing. I have a problem"}, {"start": "00:15:17", "end": "00:15:22", "text": "when they forced the fear on us. I have"}, {"start": "00:15:19", "end": "00:15:24", "text": "a really big problem when I'm personally"}, {"start": "00:15:22", "end": "00:15:27", "text": "attacked just for presenting to you this"}, {"start": "00:15:24", "end": "00:15:29", "text": "data, which I think is incredibly"}, {"start": "00:15:27", "end": "00:15:32", "text": "compelling data. Whether you think it's"}, {"start": "00:15:29", "end": "00:15:36", "text": "really really going to happen or not,"}, {"start": "00:15:32", "end": "00:15:37", "text": "the data is incredibly compelling. I"}, {"start": "00:15:36", "end": "00:15:39", "text": "mean, just think about this. Dogecoin"}, {"start": "00:15:37", "end": "00:15:43", "text": "paints a very nice picture because it's"}, {"start": "00:15:39", "end": "00:15:46", "text": "down around the same percent. Cardano 2"}, {"start": "00:15:43", "end": "00:15:49", "text": "in this 2019 postQT normalization down"}, {"start": "00:15:46", "end": "00:15:50", "text": "89% as S&P 500 is all alltime high. It's"}, {"start": "00:15:49", "end": "00:15:53", "text": "crazy. Same exact thing is happening"}, {"start": "00:15:50", "end": "00:15:54", "text": "right now. That's just something that I"}, {"start": "00:15:53", "end": "00:15:57", "text": "just think people should consider that"}, {"start": "00:15:54", "end": "00:15:59", "text": "maybe this is what's playing out. And as"}, {"start": "00:15:57", "end": "00:16:01", "text": "Franklin Templeton, this little clip"}, {"start": "00:15:59", "end": "00:16:04", "text": "says, the four-year cycle is broken."}, {"start": "00:16:01", "end": "00:16:07", "text": "Just consider it. And if you disagree,"}, {"start": "00:16:04", "end": "00:16:10", "text": "it's all cool. Like, we can be cool."}, {"start": "00:16:07", "end": "00:16:12", "text": "It's okay to disagree. So, I just want"}, {"start": "00:16:10", "end": "00:16:14", "text": "to present this thought to you, and I"}, {"start": "00:16:12", "end": "00:16:16", "text": "wanted to bring altcoins into play"}, {"start": "00:16:14", "end": "00:16:18", "text": "because I didn't do this last night in"}, {"start": "00:16:16", "end": "00:16:20", "text": "last night's video, and I think it's a"}, {"start": "00:16:18", "end": "00:16:24", "text": "very powerful visualization. The"}, {"start": "00:16:20", "end": "00:16:26", "text": "difference here is the length of time,"}, {"start": "00:16:24", "end": "00:16:28", "text": "the length of time that altcoins have"}, {"start": "00:16:26", "end": "00:16:31", "text": "had to wait for the postquantitative"}, {"start": "00:16:28", "end": "00:16:34", "text": "tightening normalization phase to to"}, {"start": "00:16:31", "end": "00:16:36", "text": "settle to come to an end. The length of"}, {"start": "00:16:34", "end": "00:16:39", "text": "time is completely different than last"}, {"start": "00:16:36", "end": "00:16:42", "text": "cycle when we're really thinking about"}, {"start": "00:16:39", "end": "00:16:43", "text": "the macro side of things and the cycle"}, {"start": "00:16:42", "end": "00:16:44", "text": "side of things. So, these are my"}, {"start": "00:16:43", "end": "00:16:46", "text": "thoughts everybody. I appreciate you. If"}, {"start": "00:16:44", "end": "00:16:48", "text": "you're not a subscriber, subscribe."}, {"start": "00:16:46", "end": "00:16:49", "text": "Please turn notifications on as well. If"}, {"start": "00:16:48", "end": "00:16:52", "text": "you are a subscriber, get notified when"}, {"start": "00:16:49", "end": "00:16:54", "text": "I drop crypto news analysis like this. I"}, {"start": "00:16:52", "end": "00:16:55", "text": "really appreciate your support. That"}, {"start": "00:16:54", "end": "00:16:59", "text": "helps the channel a ton. I will see you"}, {"start": "00:16:55", "end": "00:16:59", "text": "in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "This is the S&P 500 in price discovery."}, {"start": "00:00:02", "end": "00:00:07", "text": "It is just breaking out all-time high"}, {"start": "00:00:04", "end": "00:00:09", "text": "areas while crypto is doing nothing and"}, {"start": "00:00:07", "end": "00:00:11", "text": "actually far from all-time high. In"}, {"start": "00:00:09", "end": "00:00:13", "text": "around five minutes in this video, what"}, {"start": "00:00:11", "end": "00:00:16", "text": "I want to do is I want to introduce you"}, {"start": "00:00:13", "end": "00:00:18", "text": "to and visualize with you maybe a new"}, {"start": "00:00:16", "end": "00:00:21", "text": "idea in terms of the cycle that I don't"}, {"start": "00:00:18", "end": "00:00:23", "text": "think you've seen. And I think when it"}, {"start": "00:00:21", "end": "00:00:24", "text": "comes to this S&P 500 chart, I'm going"}, {"start": "00:00:23", "end": "00:00:26", "text": "to show you something that's going to"}, {"start": "00:00:24", "end": "00:00:28", "text": "blow your mind because I don't think"}, {"start": "00:00:26", "end": "00:00:30", "text": "you've seen it. And I want to try and do"}, {"start": "00:00:28", "end": "00:00:32", "text": "this in like 5 minutes. So, let me start"}, {"start": "00:00:30", "end": "00:00:36", "text": "here with this post. S&P 500 all-time"}, {"start": "00:00:32", "end": "00:00:38", "text": "high. Bitcoin down 36% from all-time"}, {"start": "00:00:36", "end": "00:00:41", "text": "high. If you go S&P 500, it's cruising"}, {"start": "00:00:38", "end": "00:00:43", "text": "to the upside right now. You go to a"}, {"start": "00:00:41", "end": "00:00:46", "text": "Bitcoin chart on the monthly chart, you"}, {"start": "00:00:43", "end": "00:00:49", "text": "can just see from all-time high, it is"}, {"start": "00:00:46", "end": "00:00:52", "text": "true. Bitcoin is down right now like"}, {"start": "00:00:49", "end": "00:00:54", "text": "394%. That's happening. What I want to"}, {"start": "00:00:52", "end": "00:00:56", "text": "do is I want to show you something from"}, {"start": "00:00:54", "end": "00:00:59", "text": "a cycle perspective."}, {"start": "00:00:56", "end": "00:01:02", "text": "I've been tracking for quite some time,"}, {"start": "00:00:59", "end": "00:01:04", "text": "all year now, this idea of a"}, {"start": "00:01:02", "end": "00:01:06", "text": "postquantitative tightening dip. This is"}, {"start": "00:01:04", "end": "00:01:08", "text": "on the weekly chart. I have all my"}, {"start": "00:01:06", "end": "00:01:10", "text": "reference posts right here, and there's"}, {"start": "00:01:08", "end": "00:01:12", "text": "probably more, but just talking about"}, {"start": "00:01:10", "end": "00:01:14", "text": "this post-quantitative tightening"}, {"start": "00:01:12", "end": "00:01:16", "text": "normalization phase. What I want to do"}, {"start": "00:01:14", "end": "00:01:19", "text": "as a framework before I show you this"}, {"start": "00:01:16", "end": "00:01:22", "text": "insane S&P 500 chart as it relates to"}, {"start": "00:01:19", "end": "00:01:25", "text": "crypto, I want to just show you this"}, {"start": "00:01:22", "end": "00:01:26", "text": "brief video clip. This is from February."}, {"start": "00:01:25", "end": "00:01:30", "text": "Ben was on the channel and I was"}, {"start": "00:01:26", "end": "00:01:33", "text": "discussing this postQT normalization"}, {"start": "00:01:30", "end": "00:01:35", "text": "thesis that I have. Check this out. And"}, {"start": "00:01:33", "end": "00:01:37", "text": "then quantitative tightening ended in"}, {"start": "00:01:35", "end": "00:01:40", "text": "July of 2019. I talk about this a lot."}, {"start": "00:01:37", "end": "00:01:42", "text": "I'm just curious of what you think here."}, {"start": "00:01:40", "end": "00:01:44", "text": "Post QT, we dipped. And this is kind of"}, {"start": "00:01:42", "end": "00:01:46", "text": "where I think we are now. Like we had"}, {"start": "00:01:44", "end": "00:01:48", "text": "record-breaking QT that just ended in"}, {"start": "00:01:46", "end": "00:01:52", "text": "December. I've been saying be ready for"}, {"start": "00:01:48", "end": "00:01:53", "text": "a post QT dip. It happened in 2019. So,"}, {"start": "00:01:52", "end": "00:01:55", "text": ">> right,"}, {"start": "00:01:53", "end": "00:01:58", "text": ">> I think like we're more here,"}, {"start": "00:01:55", "end": "00:02:00", "text": ">> right? That's like what my that's that's"}, {"start": "00:01:58", "end": "00:02:02", "text": "where I've been and I've been saying"}, {"start": "00:02:00", "end": "00:02:05", "text": "we're in that type of dip now. So, let"}, {"start": "00:02:02", "end": "00:02:06", "text": "me just first say this is actually this"}, {"start": "00:02:05", "end": "00:02:08", "text": "video is going to be short, but it's a"}, {"start": "00:02:06", "end": "00:02:11", "text": "very important update in terms of my"}, {"start": "00:02:08", "end": "00:02:12", "text": "macro thesis because this entire year"}, {"start": "00:02:11", "end": "00:02:15", "text": "I've been talking about the post QT dip."}, {"start": "00:02:12", "end": "00:02:17", "text": "Be ready for it, prepare for it. This"}, {"start": "00:02:15", "end": "00:02:18", "text": "normalization phase that we've been in,"}, {"start": "00:02:17", "end": "00:02:20", "text": "I think is coming to an end and I want"}, {"start": "00:02:18", "end": "00:02:22", "text": "to say that that does not come without"}, {"start": "00:02:20", "end": "00:02:24", "text": "volatility. this pattern that we have,"}, {"start": "00:02:22", "end": "00:02:25", "text": "this setup on Bitcoin, we could go to"}, {"start": "00:02:24", "end": "00:02:28", "text": "the lower 60s. We're going to track"}, {"start": "00:02:25", "end": "00:02:30", "text": "that. But from a macro perspective, now"}, {"start": "00:02:28", "end": "00:02:32", "text": "talking about postQT normalization phase"}, {"start": "00:02:30", "end": "00:02:35", "text": "and the dip all year, I think we're"}, {"start": "00:02:32", "end": "00:02:36", "text": "coming to the end of that phase. Here's"}, {"start": "00:02:35", "end": "00:02:39", "text": "what I want to discuss with you on the"}, {"start": "00:02:36", "end": "00:02:43", "text": "S&P 500. It gets crazy. And keep in"}, {"start": "00:02:39", "end": "00:02:45", "text": "mind, this postQT dip theory is a part"}, {"start": "00:02:43", "end": "00:02:48", "text": "of the more macro theory, my business"}, {"start": "00:02:45", "end": "00:02:49", "text": "cycle theory. That is to say, when we"}, {"start": "00:02:48", "end": "00:02:51", "text": "have the blue line, the business cycle"}, {"start": "00:02:49", "end": "00:02:54", "text": "and PMI expanding, we've gotten"}, {"start": "00:02:51", "end": "00:02:56", "text": "cryptobull markets. When it contracts,"}, {"start": "00:02:54", "end": "00:02:59", "text": "we get cryptobar markets. Expand"}, {"start": "00:02:56", "end": "00:03:02", "text": "cryptobull market. Contract bare market."}, {"start": "00:02:59", "end": "00:03:05", "text": "We've had record setting contraction of"}, {"start": "00:03:02", "end": "00:03:08", "text": "the PMI. Therefore, record setting"}, {"start": "00:03:05", "end": "00:03:10", "text": "suppression of the crypto cycle. This is"}, {"start": "00:03:08", "end": "00:03:11", "text": "what I think is about to end as well."}, {"start": "00:03:10", "end": "00:03:13", "text": "We're going to have expansion in the"}, {"start": "00:03:11", "end": "00:03:15", "text": "business cycle and a bull market that I"}, {"start": "00:03:13", "end": "00:03:19", "text": "don't think a lot of people are ready"}, {"start": "00:03:15", "end": "00:03:23", "text": "for just yet. S&P 500 all-time high."}, {"start": "00:03:19", "end": "00:03:24", "text": "Bitcoin down 3940%."}, {"start": "00:03:23", "end": "00:03:27", "text": "Let me show you something. If I zoom out"}, {"start": "00:03:24", "end": "00:03:29", "text": "on the S&P 500,"}, {"start": "00:03:27", "end": "00:03:32", "text": "reason being I'm talking about this"}, {"start": "00:03:29", "end": "00:03:34", "text": "postQT dip right now because if you go"}, {"start": "00:03:32", "end": "00:03:37", "text": "back to last cycle, right, because we're"}, {"start": "00:03:34", "end": "00:03:38", "text": "talking about on the Bitcoin chart, I'm"}, {"start": "00:03:37", "end": "00:03:40", "text": "talking about, you know, I think we're"}, {"start": "00:03:38", "end": "00:03:46", "text": "like back here post QT dip in that"}, {"start": "00:03:40", "end": "00:03:49", "text": "range. Look at S&P 500 December 2019"}, {"start": "00:03:46", "end": "00:03:51", "text": "actually on this monthly chart in price"}, {"start": "00:03:49", "end": "00:03:53", "text": "discovery at that moment month after"}, {"start": "00:03:51", "end": "00:03:55", "text": "month after month breaking out to new"}, {"start": "00:03:53", "end": "00:03:58", "text": "all-time highs."}, {"start": "00:03:55", "end": "00:04:01", "text": "December 2019. You know what Bitcoin was"}, {"start": "00:03:58", "end": "00:04:04", "text": "doing in December 2019? It was right"}, {"start": "00:04:01", "end": "00:04:08", "text": "here. There's December 2019."}, {"start": "00:04:04", "end": "00:04:11", "text": "Not 40% from all-time highs. Bitcoin 60%"}, {"start": "00:04:08", "end": "00:04:15", "text": "from all-time highs at that moment. S&P"}, {"start": "00:04:11", "end": "00:04:20", "text": "500 going crazy, Bitcoin down 60%. Right"}, {"start": "00:04:15", "end": "00:04:23", "text": "now, S&P 500 going crazy, Bitcoin down"}, {"start": "00:04:20", "end": "00:04:25", "text": "40%. Do you see that insane"}, {"start": "00:04:23", "end": "00:04:27", "text": "visualization and that insane"}, {"start": "00:04:25", "end": "00:04:30", "text": "connection? It's right in front of our"}, {"start": "00:04:27", "end": "00:04:32", "text": "eyes. And that is at the confluence of"}, {"start": "00:04:30", "end": "00:04:36", "text": "the business cycle getting ready to"}, {"start": "00:04:32", "end": "00:04:38", "text": "expand I think as well as I think"}, {"start": "00:04:36", "end": "00:04:41", "text": "towards the end now of the postQT"}, {"start": "00:04:38", "end": "00:04:44", "text": "normalization phase that we had back"}, {"start": "00:04:41", "end": "00:04:46", "text": "here in 2019. This is what it looks like"}, {"start": "00:04:44", "end": "00:04:48", "text": "on the monthly chart for Bitcoin. This"}, {"start": "00:04:46", "end": "00:04:50", "text": "is what it looks like on this monthly"}, {"start": "00:04:48", "end": "00:04:52", "text": "chart in in the current day post QT."}, {"start": "00:04:50", "end": "00:04:54", "text": "We've only had two of these QT"}, {"start": "00:04:52", "end": "00:04:56", "text": "quantitative tightening environments."}, {"start": "00:04:54", "end": "00:04:58", "text": "This one recently ended in December"}, {"start": "00:04:56", "end": "00:05:01", "text": "2025."}, {"start": "00:04:58", "end": "00:05:02", "text": "So with that being said everybody, I"}, {"start": "00:05:01", "end": "00:05:05", "text": "just wanted to present that picture to"}, {"start": "00:05:02", "end": "00:05:07", "text": "you. Not to say that this is exactly"}, {"start": "00:05:05", "end": "00:05:10", "text": "this is it. This is going to happen this"}, {"start": "00:05:07", "end": "00:05:13", "text": "way. This is just my theory. And maybe"}, {"start": "00:05:10", "end": "00:05:14", "text": "four-year cycle people will be the ones"}, {"start": "00:05:13", "end": "00:05:16", "text": "that are right and I'm completely wrong"}, {"start": "00:05:14", "end": "00:05:18", "text": "here. But I wanted to present this data"}, {"start": "00:05:16", "end": "00:05:21", "text": "to you as powerfully and as quickly as"}, {"start": "00:05:18", "end": "00:05:24", "text": "possible. And I just saw the S&P 500"}, {"start": "00:05:21", "end": "00:05:26", "text": "just correlation and that is all-time"}, {"start": "00:05:24", "end": "00:05:28", "text": "high right now postquantitative"}, {"start": "00:05:26", "end": "00:05:31", "text": "tightening normalization and it was"}, {"start": "00:05:28", "end": "00:05:33", "text": "all-time high back here 2019 postQT"}, {"start": "00:05:31", "end": "00:05:36", "text": "normalization. We've been here before"}, {"start": "00:05:33", "end": "00:05:39", "text": "both times crypto looking absolutely"}, {"start": "00:05:36", "end": "00:05:41", "text": "terrible against traditional markets"}, {"start": "00:05:39", "end": "00:05:42", "text": "like the S&P 500. So these are my"}, {"start": "00:05:41", "end": "00:05:44", "text": "thoughts everybody. Hit the subscribe,"}, {"start": "00:05:42", "end": "00:05:45", "text": "hit the like. I appreciate you watching."}, {"start": "00:05:44", "end": "00:05:48", "text": "I'll see you in the next video. God"}, {"start": "00:05:45", "end": "00:05:48", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "It all looks terrible. I want to start"}, {"start": "00:00:02", "end": "00:00:08", "text": "the video by just showing you something,"}, {"start": "00:00:04", "end": "00:00:10", "text": "a clip from 13 days ago. Check this out"}, {"start": "00:00:08", "end": "00:00:13", "text": "really quickly. This is Bitcoin. And"}, {"start": "00:00:10", "end": "00:00:15", "text": "that is it's not all bad. It really is"}, {"start": "00:00:13", "end": "00:00:18", "text": "not all bad right now as as Bitcoin as"}, {"start": "00:00:15", "end": "00:00:20", "text": "Ethereum is hitting resistance. And what"}, {"start": "00:00:18", "end": "00:00:23", "text": "I mean by that is we flipped this trend"}, {"start": "00:00:20", "end": "00:00:25", "text": "line in blue that is from Bitcoin's"}, {"start": "00:00:23", "end": "00:00:28", "text": "all-time high. And it would be a normal"}, {"start": "00:00:25", "end": "00:00:30", "text": "move to to retest that. All the while,"}, {"start": "00:00:28", "end": "00:00:32", "text": "you can see this channel that Bitcoin is"}, {"start": "00:00:30", "end": "00:00:35", "text": "is within. Bitcoin could start falling"}, {"start": "00:00:32", "end": "00:00:37", "text": "to the lower end of the channel and you"}, {"start": "00:00:35", "end": "00:00:39", "text": "know that would be a very bearish"}, {"start": "00:00:37", "end": "00:00:41", "text": "environment. The bears would be in full"}, {"start": "00:00:39", "end": "00:00:44", "text": "force. I told you the bare market, you"}, {"start": "00:00:41", "end": "00:00:48", "text": "know, we're not even close to the end."}, {"start": "00:00:44", "end": "00:00:50", "text": "And here we are just 13 days later. We"}, {"start": "00:00:48", "end": "00:00:52", "text": "were much of the industry getting"}, {"start": "00:00:50", "end": "00:00:54", "text": "excited at this 200 day moving average"}, {"start": "00:00:52", "end": "00:00:55", "text": "on Bitcoin. So, what I want to do in"}, {"start": "00:00:54", "end": "00:00:58", "text": "this video is I want to go through just"}, {"start": "00:00:55", "end": "00:00:59", "text": "the analysis of it, but more so and I"}, {"start": "00:00:58", "end": "00:01:00", "text": "want to look at altcoins too. I want to"}, {"start": "00:00:59", "end": "00:01:03", "text": "look at the altcoin market cap charts"}, {"start": "00:01:00", "end": "00:01:05", "text": "and I want to do analysis there, but"}, {"start": "00:01:03", "end": "00:01:08", "text": "more so I I really just want to the"}, {"start": "00:01:05", "end": "00:01:12", "text": "basis of this video. I'm a macro bull"}, {"start": "00:01:08", "end": "00:01:13", "text": "everybody. I am so optimistic and we are"}, {"start": "00:01:12", "end": "00:01:15", "text": "still in an opportunity where this is"}, {"start": "00:01:13", "end": "00:01:18", "text": "contrarian to be bullish in crypto right"}, {"start": "00:01:15", "end": "00:01:20", "text": "now. That is incredible to me. But"}, {"start": "00:01:18", "end": "00:01:21", "text": "please note, even when things are"}, {"start": "00:01:20", "end": "00:01:23", "text": "looking great, we're breaking out a"}, {"start": "00:01:21", "end": "00:01:25", "text": "little bit on this YouTube channel, I"}, {"start": "00:01:23", "end": "00:01:27", "text": "will always present to you the"}, {"start": "00:01:25", "end": "00:01:30", "text": "possibilities of downside when we're in"}, {"start": "00:01:27", "end": "00:01:31", "text": "the bull market. The same exact thing."}, {"start": "00:01:30", "end": "00:01:32", "text": "So, this is what we're going to discuss"}, {"start": "00:01:31", "end": "00:01:35", "text": "in this video now that we've gotten the"}, {"start": "00:01:32", "end": "00:01:38", "text": "downside that we were anticipating back"}, {"start": "00:01:35", "end": "00:01:40", "text": "then because remove emotion. The the"}, {"start": "00:01:38", "end": "00:01:42", "text": "move is normal. Everyone, I saw this"}, {"start": "00:01:40", "end": "00:01:45", "text": "post. Everyone zooming into the hourly"}, {"start": "00:01:42", "end": "00:01:47", "text": "charts are cooked. DCA and wait, the"}, {"start": "00:01:45", "end": "00:01:51", "text": "opportunity is massive."}, {"start": "00:01:47", "end": "00:01:53", "text": "I just I don't know. Maybe he's wrong."}, {"start": "00:01:51", "end": "00:01:57", "text": "Maybe I'm wrong for being a macro"}, {"start": "00:01:53", "end": "00:01:59", "text": "cryptobull. I'm optimistic in general."}, {"start": "00:01:57", "end": "00:02:01", "text": "But let's let's discuss the the"}, {"start": "00:01:59", "end": "00:02:04", "text": "technical move on Bitcoin right now."}, {"start": "00:02:01", "end": "00:02:06", "text": "This is Bitcoin. So, let me zoom out on"}, {"start": "00:02:04", "end": "00:02:07", "text": "the daily and and then we're actually"}, {"start": "00:02:06", "end": "00:02:09", "text": "going to look at the weekly. There's"}, {"start": "00:02:07", "end": "00:02:10", "text": "there's a really big area on the weekly"}, {"start": "00:02:09", "end": "00:02:12", "text": "on Bitcoin that I I do want to point out"}, {"start": "00:02:10", "end": "00:02:14", "text": "to you. I think is very important. But"}, {"start": "00:02:12", "end": "00:02:16", "text": "on the daily chart, because this is the"}, {"start": "00:02:14", "end": "00:02:18", "text": "move that we're within right now, in"}, {"start": "00:02:16", "end": "00:02:20", "text": "that video, we were discussing this 200"}, {"start": "00:02:18", "end": "00:02:21", "text": "day moving average. So, there's a bunch"}, {"start": "00:02:20", "end": "00:02:23", "text": "of things going on with Bitcoin"}, {"start": "00:02:21", "end": "00:02:25", "text": "structure right now. We are trying to"}, {"start": "00:02:23", "end": "00:02:29", "text": "see Bitcoin and the crypto markets in"}, {"start": "00:02:25", "end": "00:02:31", "text": "general put in some structure for a"}, {"start": "00:02:29", "end": "00:02:33", "text": "reversal and Bitcoin is still going"}, {"start": "00:02:31", "end": "00:02:35", "text": "through it. Now, the reason why the move"}, {"start": "00:02:33", "end": "00:02:39", "text": "is normal, this 200 day moving average"}, {"start": "00:02:35", "end": "00:02:41", "text": "resistance, you can't sit here, if you"}, {"start": "00:02:39", "end": "00:02:44", "text": "track Bitcoin and crypto charts and just"}, {"start": "00:02:41", "end": "00:02:45", "text": "think this entire move up in April"}, {"start": "00:02:44", "end": "00:02:47", "text": "heading into 200 day moving average"}, {"start": "00:02:45", "end": "00:02:50", "text": "resistance is just going to very simply"}, {"start": "00:02:47", "end": "00:02:52", "text": "break, right? And the 200's just going"}, {"start": "00:02:50", "end": "00:02:55", "text": "to start move, you know, just pivoting"}, {"start": "00:02:52", "end": "00:02:58", "text": "out into a bull momentum. This is a"}, {"start": "00:02:55", "end": "00:03:01", "text": "process and this is just the way that"}, {"start": "00:02:58", "end": "00:03:04", "text": "crypto is. So, the resistance is normal"}, {"start": "00:03:01", "end": "00:03:07", "text": "because if you think about it, this"}, {"start": "00:03:04", "end": "00:03:09", "text": "entire move from all-time high down,"}, {"start": "00:03:07", "end": "00:03:12", "text": "that was the very first time the 200 day"}, {"start": "00:03:09", "end": "00:03:13", "text": "moving average was tested. And so, here"}, {"start": "00:03:12", "end": "00:03:15", "text": "we are in this environment I referenced"}, {"start": "00:03:13", "end": "00:03:18", "text": "in the video. Bears will be in full"}, {"start": "00:03:15", "end": "00:03:20", "text": "control. The bare vibe will just be like"}, {"start": "00:03:18", "end": "00:03:22", "text": "very powerful. Bare market is so back in"}, {"start": "00:03:20", "end": "00:03:24", "text": "play. Rest of the year is going to be"}, {"start": "00:03:22", "end": "00:03:26", "text": "terrible for crypto. This is where we"}, {"start": "00:03:24", "end": "00:03:30", "text": "are right now today. And so we"}, {"start": "00:03:26", "end": "00:03:33", "text": "anticipated it back here or on the 13th,"}, {"start": "00:03:30", "end": "00:03:35", "text": "whenever that is right here, because"}, {"start": "00:03:33", "end": "00:03:37", "text": "this is the this is the story of crypto."}, {"start": "00:03:35", "end": "00:03:40", "text": "But now we're here. So what I was"}, {"start": "00:03:37", "end": "00:03:42", "text": "referencing besides the 200 day moving"}, {"start": "00:03:40", "end": "00:03:44", "text": "average resistance in the video is this"}, {"start": "00:03:42", "end": "00:03:46", "text": "blue trend line. And I'm not I don't"}, {"start": "00:03:44", "end": "00:03:49", "text": "know. It might not hold. We haven't even"}, {"start": "00:03:46", "end": "00:03:51", "text": "tested it yet, but it's a very notable"}, {"start": "00:03:49", "end": "00:03:54", "text": "area for a pullback if it's going to"}, {"start": "00:03:51", "end": "00:03:57", "text": "happen, which it is happening. That is"}, {"start": "00:03:54", "end": "00:03:59", "text": "the all-time high just it's the lower"}, {"start": "00:03:57", "end": "00:04:01", "text": "high trend that Bitcoin was in and"}, {"start": "00:03:59", "end": "00:04:03", "text": "Bitcoin broke out of that trend line"}, {"start": "00:04:01", "end": "00:04:07", "text": "towards the end of April just over a"}, {"start": "00:04:03", "end": "00:04:09", "text": "month ago and now throwing back to that"}, {"start": "00:04:07", "end": "00:04:12", "text": "trend line that's a normal move for"}, {"start": "00:04:09", "end": "00:04:14", "text": "Bitcoin. So resistance at the 200 day"}, {"start": "00:04:12", "end": "00:04:16", "text": "moving average resistance also I should"}, {"start": "00:04:14", "end": "00:04:18", "text": "note the upper trend line in yellow"}, {"start": "00:04:16", "end": "00:04:19", "text": "confluent with the 200 day moving"}, {"start": "00:04:18", "end": "00:04:23", "text": "average. Look at that resistance right"}, {"start": "00:04:19", "end": "00:04:27", "text": "there. Now we're throwing back. We've"}, {"start": "00:04:23", "end": "00:04:30", "text": "seen the 20 moving average in green, the"}, {"start": "00:04:27", "end": "00:04:32", "text": "50 moving average in blue. Those both"}, {"start": "00:04:30", "end": "00:04:34", "text": "failed as support. Let me zoom in so we"}, {"start": "00:04:32", "end": "00:04:36", "text": "can like actually see what's going on"}, {"start": "00:04:34", "end": "00:04:39", "text": "here. And now we're approaching a few"}, {"start": "00:04:36", "end": "00:04:41", "text": "different areas. So number one, just if"}, {"start": "00:04:39", "end": "00:04:42", "text": "we can just illustrate this, the yellow"}, {"start": "00:04:41", "end": "00:04:45", "text": "trend line, that's the channel that"}, {"start": "00:04:42", "end": "00:04:48", "text": "Bitcoin has been within. It's it's right"}, {"start": "00:04:45", "end": "00:04:49", "text": "down in this area of like $70,000. But"}, {"start": "00:04:48", "end": "00:04:51", "text": "the other thing that we have is if we"}, {"start": "00:04:49", "end": "00:04:53", "text": "take our Fibonacci from the February"}, {"start": "00:04:51", "end": "00:04:57", "text": "swing low to the swing high resistance"}, {"start": "00:04:53", "end": "00:04:58", "text": "we had, we have a massive Fibonacci"}, {"start": "00:04:57", "end": "00:05:01", "text": "resistance. I just want to plot that"}, {"start": "00:04:58", "end": "00:05:03", "text": "here. It's a it's that green area. I"}, {"start": "00:05:01", "end": "00:05:07", "text": "would say it's the macro fail safe,"}, {"start": "00:05:03", "end": "00:05:10", "text": "right? And that is 68,000 to around"}, {"start": "00:05:07", "end": "00:05:12", "text": "$64,000. Let's see if Bitcoin even gets"}, {"start": "00:05:10", "end": "00:05:13", "text": "there. But on the shorter term, what we"}, {"start": "00:05:12", "end": "00:05:15", "text": "can do is we can take another Fibonacci"}, {"start": "00:05:13", "end": "00:05:18", "text": "from the swing low here. You see this"}, {"start": "00:05:15", "end": "00:05:20", "text": "last touch of the lower trend line to"}, {"start": "00:05:18", "end": "00:05:22", "text": "the swing high that we just saw of"}, {"start": "00:05:20", "end": "00:05:24", "text": "resistance. And we have this other"}, {"start": "00:05:22", "end": "00:05:27", "text": "Fibonacci right here. So, let me move"}, {"start": "00:05:24", "end": "00:05:30", "text": "the bigger F Fibonacci out of the way."}, {"start": "00:05:27", "end": "00:05:35", "text": "And here is this green channel, right?"}, {"start": "00:05:30", "end": "00:05:37", "text": "It is 71,000 to around 68,000. And it's"}, {"start": "00:05:35", "end": "00:05:39", "text": "this red rectangle that I have plotted"}, {"start": "00:05:37", "end": "00:05:42", "text": "here. That's a higher low Fibonacci."}, {"start": "00:05:39", "end": "00:05:46", "text": "Bitcoin is just above it. Bitcoin very"}, {"start": "00:05:42", "end": "00:05:48", "text": "well within the hour today could test it"}, {"start": "00:05:46", "end": "00:05:50", "text": "and just notice what is happening in"}, {"start": "00:05:48", "end": "00:05:53", "text": "that area. We have that Fibonacci right"}, {"start": "00:05:50", "end": "00:05:54", "text": "there, higher low Fibonacci. Remember"}, {"start": "00:05:53", "end": "00:05:56", "text": "swing low, swing high down to the"}, {"start": "00:05:54", "end": "00:05:58", "text": "Fibonacci."}, {"start": "00:05:56", "end": "00:06:01", "text": "We have the blue trend line that goes"}, {"start": "00:05:58", "end": "00:06:03", "text": "extends to all-time high. And we have"}, {"start": "00:06:01", "end": "00:06:05", "text": "the yellow trend line which is the"}, {"start": "00:06:03", "end": "00:06:08", "text": "channel that Bitcoin is within. all of"}, {"start": "00:06:05", "end": "00:06:12", "text": "this area. This is right around like 70"}, {"start": "00:06:08", "end": "00:06:15", "text": "to $71,000 or so for Bitcoin. What's"}, {"start": "00:06:12", "end": "00:06:17", "text": "incredibly interesting is if I really"}, {"start": "00:06:15", "end": "00:06:19", "text": "zoom out on the daily chart, you notice"}, {"start": "00:06:17", "end": "00:06:23", "text": "we are at the upper kind of end of this"}, {"start": "00:06:19", "end": "00:06:27", "text": "channel. This is like this swing high in"}, {"start": "00:06:23", "end": "00:06:30", "text": "2024. It's all-time high from 2021."}, {"start": "00:06:27", "end": "00:06:34", "text": "We're we're at a very crazy"}, {"start": "00:06:30", "end": "00:06:36", "text": "uh intersection of zoomed in analysis,"}, {"start": "00:06:34", "end": "00:06:39", "text": "which is what I'm doing on the daily,"}, {"start": "00:06:36", "end": "00:06:42", "text": "but just macro multi-ycle key area,"}, {"start": "00:06:39", "end": "00:06:44", "text": "right? Where Bitcoin is right now. We're"}, {"start": "00:06:42", "end": "00:06:46", "text": "very close to this area. I mean, we're"}, {"start": "00:06:44", "end": "00:06:50", "text": "simply there. Bitcoin is the same price"}, {"start": "00:06:46", "end": "00:06:51", "text": "as it was in 2024. We can almost say"}, {"start": "00:06:50", "end": "00:06:54", "text": "Bitcoin is the same price as it was in"}, {"start": "00:06:51", "end": "00:06:55", "text": "2021."}, {"start": "00:06:54", "end": "00:06:56", "text": "Those are the those are the moments"}, {"start": "00:06:55", "end": "00:06:58", "text": "where people get frustrated. crypto"}, {"start": "00:06:56", "end": "00:07:00", "text": "holders, Bitcoin holders get frustrated."}, {"start": "00:06:58", "end": "00:07:01", "text": "Altcoins is even worse. We're going to"}, {"start": "00:07:00", "end": "00:07:03", "text": "look at the altcoin charts in just a"}, {"start": "00:07:01", "end": "00:07:06", "text": "moment, but it's a very interesting area"}, {"start": "00:07:03", "end": "00:07:08", "text": "on the macro for for Bitcoin and crypto."}, {"start": "00:07:06", "end": "00:07:11", "text": "But this is the analysis of the move"}, {"start": "00:07:08", "end": "00:07:14", "text": "that's happening. Even if"}, {"start": "00:07:11", "end": "00:07:18", "text": "crypto is actually bullish and there is"}, {"start": "00:07:14", "end": "00:07:19", "text": "a a you know a multimonth reversal in"}, {"start": "00:07:18", "end": "00:07:22", "text": "play right now, it's happening in real"}, {"start": "00:07:19", "end": "00:07:24", "text": "time. The move that's playing out is all"}, {"start": "00:07:22", "end": "00:07:27", "text": "I'm saying is very normal. And I don't"}, {"start": "00:07:24", "end": "00:07:30", "text": "want to just put out just, you know,"}, {"start": "00:07:27", "end": "00:07:34", "text": "non-stop optimism about about the crypto"}, {"start": "00:07:30", "end": "00:07:36", "text": "move because if things get ugly, what"}, {"start": "00:07:34", "end": "00:07:38", "text": "could happen is support fails. So, if"}, {"start": "00:07:36", "end": "00:07:40", "text": "we're being very realistic in the"}, {"start": "00:07:38", "end": "00:07:43", "text": "analysis, all of this support could"}, {"start": "00:07:40", "end": "00:07:45", "text": "fail. If Bitcoin just keeps falling and"}, {"start": "00:07:43", "end": "00:07:48", "text": "we're actually falling below this trend"}, {"start": "00:07:45", "end": "00:07:50", "text": "line, the the pullback trend line, this"}, {"start": "00:07:48", "end": "00:07:52", "text": "throwback trend line in blue could fail."}, {"start": "00:07:50", "end": "00:07:54", "text": "And so if that was the case, then we"}, {"start": "00:07:52", "end": "00:07:58", "text": "have to consider Bitcoin's going into"}, {"start": "00:07:54", "end": "00:07:59", "text": "the lower 60s right now. That's and I"}, {"start": "00:07:58", "end": "00:08:02", "text": "want to introduce kind of the macro"}, {"start": "00:07:59", "end": "00:08:04", "text": "framework from my perspective. Even if"}, {"start": "00:08:02", "end": "00:08:06", "text": "that happens, people will be probably"}, {"start": "00:08:04", "end": "00:08:10", "text": "frustrated by this. That will be what"}, {"start": "00:08:06", "end": "00:08:13", "text": "Bitcoin looks like. and Bitcoin will be"}, {"start": "00:08:10", "end": "00:08:16", "text": "insanely oversold and we will be in a"}, {"start": "00:08:13", "end": "00:08:18", "text": "macroeconomic environment where I think"}, {"start": "00:08:16", "end": "00:08:19", "text": "because of the business cycle and PMI"}, {"start": "00:08:18", "end": "00:08:21", "text": "expansion everything I've been"}, {"start": "00:08:19", "end": "00:08:25", "text": "discussing"}, {"start": "00:08:21", "end": "00:08:29", "text": "this could be a very incredible"}, {"start": "00:08:25", "end": "00:08:32", "text": "like once in a cycle type of opportunity"}, {"start": "00:08:29", "end": "00:08:34", "text": "for people in crypto especially all"}, {"start": "00:08:32", "end": "00:08:35", "text": "coins because everybody's just it's"}, {"start": "00:08:34", "end": "00:08:37", "text": "going to get even worse in terms of"}, {"start": "00:08:35", "end": "00:08:38", "text": "sentiment if this happened if this move"}, {"start": "00:08:37", "end": "00:08:40", "text": "happens"}, {"start": "00:08:38", "end": "00:08:42", "text": "But for me, it's kind of like, well,"}, {"start": "00:08:40", "end": "00:08:44", "text": "maybe it does happen, but this could be"}, {"start": "00:08:42", "end": "00:08:46", "text": "very fast if it happens. I do not think,"}, {"start": "00:08:44", "end": "00:08:48", "text": "and I I will say I'm wrong, if at the"}, {"start": "00:08:46", "end": "00:08:50", "text": "end of the year, we're putting in new"}, {"start": "00:08:48", "end": "00:08:52", "text": "lows, I don't think this is going to"}, {"start": "00:08:50", "end": "00:08:54", "text": "just keep going and going and going"}, {"start": "00:08:52", "end": "00:08:57", "text": "until the end of the year. And again,"}, {"start": "00:08:54", "end": "00:08:59", "text": "maybe I'm wrong, but right now, that's"}, {"start": "00:08:57", "end": "00:09:01", "text": "the analysis on Bitcoin. And you can"}, {"start": "00:08:59", "end": "00:09:02", "text": "just see the move so far is normal. So,"}, {"start": "00:09:01", "end": "00:09:04", "text": "before we even start considering that"}, {"start": "00:09:02", "end": "00:09:07", "text": "Bitcoin is just going to just break out"}, {"start": "00:09:04", "end": "00:09:09", "text": "to $60,000, break down to $60,000, let's"}, {"start": "00:09:07", "end": "00:09:11", "text": "continue to monitor support. That's what"}, {"start": "00:09:09", "end": "00:09:13", "text": "I'm going to be doing anyway. The move"}, {"start": "00:09:11", "end": "00:09:16", "text": "so far is normal. And I just wanted to"}, {"start": "00:09:13", "end": "00:09:18", "text": "bring this to your attention because"}, {"start": "00:09:16", "end": "00:09:19", "text": "this is something that we've been kind"}, {"start": "00:09:18", "end": "00:09:21", "text": "of just talking about since we hit"}, {"start": "00:09:19", "end": "00:09:24", "text": "resistance. If we go to the altcoin"}, {"start": "00:09:21", "end": "00:09:28", "text": "market cap chart, I want to look at"}, {"start": "00:09:24", "end": "00:09:31", "text": "this. This is from uh I think this is"}, {"start": "00:09:28", "end": "00:09:33", "text": "May 11th. Check this out. Quick clip in"}, {"start": "00:09:31", "end": "00:09:35", "text": "relation to altcoin market cap chart"}, {"start": "00:09:33", "end": "00:09:37", "text": "which was just over a trillion dollars"}, {"start": "00:09:35", "end": "00:09:38", "text": "when recording. That move could happen"}, {"start": "00:09:37", "end": "00:09:41", "text": "now where we're coming back down to the"}, {"start": "00:09:38", "end": "00:09:45", "text": "range. Bears will be very happy if this"}, {"start": "00:09:41", "end": "00:09:47", "text": "happens. But this is the range. The"}, {"start": "00:09:45", "end": "00:09:50", "text": "range. What's the range? Here is the"}, {"start": "00:09:47", "end": "00:09:54", "text": "range. We're there. So, I literally did"}, {"start": "00:09:50", "end": "00:09:57", "text": "the video right here and we fall into"}, {"start": "00:09:54", "end": "00:09:59", "text": "the range. Will it hold? I have no idea."}, {"start": "00:09:57", "end": "00:10:01", "text": "We can kind of do what we did on the"}, {"start": "00:09:59", "end": "00:10:05", "text": "Bitcoin chart, which is the swing low in"}, {"start": "00:10:01", "end": "00:10:08", "text": "February, two swing high, fail safe, 936"}, {"start": "00:10:05", "end": "00:10:10", "text": "down to around 900 billion. I'll put"}, {"start": "00:10:08", "end": "00:10:12", "text": "that down there just to kind of have a"}, {"start": "00:10:10", "end": "00:10:14", "text": "glance. Meaning as we progress through"}, {"start": "00:10:12", "end": "00:10:16", "text": "even this day or the rest of this week"}, {"start": "00:10:14", "end": "00:10:19", "text": "or the rest of this move if it"}, {"start": "00:10:16", "end": "00:10:21", "text": "continues, if support does not hold, if"}, {"start": "00:10:19", "end": "00:10:24", "text": "even the swing low back here in March,"}, {"start": "00:10:21", "end": "00:10:27", "text": "end of March does not hold and we start"}, {"start": "00:10:24", "end": "00:10:30", "text": "actually just testing all of this area"}, {"start": "00:10:27", "end": "00:10:33", "text": "back in February. What's the area, the"}, {"start": "00:10:30", "end": "00:10:36", "text": "failsafe area to watch for considering"}, {"start": "00:10:33", "end": "00:10:38", "text": "the video from May 11th that we're in"}, {"start": "00:10:36", "end": "00:10:40", "text": "this green area that we were"}, {"start": "00:10:38", "end": "00:10:43", "text": "anticipating? We're there now. If it"}, {"start": "00:10:40", "end": "00:10:46", "text": "fails, here's the fail safe. Um, it's a"}, {"start": "00:10:43", "end": "00:10:48", "text": "higher low Fibonacci. So, this will be"}, {"start": "00:10:46", "end": "00:10:51", "text": "in kind of a similar sense of Bitcoin if"}, {"start": "00:10:48", "end": "00:10:52", "text": "it keeps falling, what altcoins are"}, {"start": "00:10:51", "end": "00:10:54", "text": "looking like and what altcoins are"}, {"start": "00:10:52", "end": "00:10:57", "text": "doing. I'm going to be doing a video a"}, {"start": "00:10:54", "end": "00:11:00", "text": "little bit later because this post, if"}, {"start": "00:10:57", "end": "00:11:03", "text": "you notice, they said DCA and wait."}, {"start": "00:11:00", "end": "00:11:08", "text": "I'm getting and this is very,"}, {"start": "00:11:03", "end": "00:11:11", "text": "you know, not typical on my channel,"}, {"start": "00:11:08", "end": "00:11:13", "text": "getting very close to the moment where I"}, {"start": "00:11:11", "end": "00:11:16", "text": "start really considering accumulation,"}, {"start": "00:11:13", "end": "00:11:19", "text": "talking about accumulation."}, {"start": "00:11:16", "end": "00:11:21", "text": "I'll have a way easier time when things"}, {"start": "00:11:19", "end": "00:11:23", "text": "are looking well, right? when things are"}, {"start": "00:11:21", "end": "00:11:25", "text": "looking good. I just know there's so"}, {"start": "00:11:23", "end": "00:11:26", "text": "many of you that want to take profit. I"}, {"start": "00:11:25", "end": "00:11:28", "text": "want to take profit when we're just"}, {"start": "00:11:26", "end": "00:11:30", "text": "going parabolic. If that happens, it'll"}, {"start": "00:11:28", "end": "00:11:32", "text": "be a lot easier for me to sit here and"}, {"start": "00:11:30", "end": "00:11:34", "text": "be like, I'm selling. Sell, sell, sell."}, {"start": "00:11:32", "end": "00:11:35", "text": "I want people taking profits when it"}, {"start": "00:11:34", "end": "00:11:38", "text": "when it happens, when and if it happens,"}, {"start": "00:11:35", "end": "00:11:40", "text": "I should say. Accumulation is a"}, {"start": "00:11:38", "end": "00:11:42", "text": "different story because it's a fine"}, {"start": "00:11:40", "end": "00:11:44", "text": "line, right? Like catching the falling"}, {"start": "00:11:42", "end": "00:11:46", "text": "knife type of deal. But we're getting to"}, {"start": "00:11:44", "end": "00:11:48", "text": "this area on the macro in terms of"}, {"start": "00:11:46", "end": "00:11:50", "text": "things like the business cycle and"}, {"start": "00:11:48", "end": "00:11:51", "text": "everything. Even if you look at Bitcoin,"}, {"start": "00:11:50", "end": "00:11:52", "text": "I want to show you something. I"}, {"start": "00:11:51", "end": "00:11:55", "text": "mentioned I wanted to look at something"}, {"start": "00:11:52", "end": "00:11:57", "text": "on Bitcoin on the weekly."}, {"start": "00:11:55", "end": "00:11:59", "text": "All year long since January, I've been"}, {"start": "00:11:57", "end": "00:12:01", "text": "discussing be prepared for the post"}, {"start": "00:11:59", "end": "00:12:04", "text": "quantitative tightening dip, right?"}, {"start": "00:12:01", "end": "00:12:05", "text": "December 1st, QT ended. And if we look"}, {"start": "00:12:04", "end": "00:12:09", "text": "at December 1st, it's like right around"}, {"start": "00:12:05", "end": "00:12:14", "text": "here. There's the dip. Post QT. The same"}, {"start": "00:12:09", "end": "00:12:16", "text": "thing happened last cycle post QT. A dip"}, {"start": "00:12:14", "end": "00:12:19", "text": "182 days past that dip. I think it's"}, {"start": "00:12:16", "end": "00:12:21", "text": "very interesting. We're 182 days past"}, {"start": "00:12:19", "end": "00:12:24", "text": "the post QQT,"}, {"start": "00:12:21", "end": "00:12:26", "text": "you know, not not past the post QT dip,"}, {"start": "00:12:24", "end": "00:12:30", "text": "but QT ended December 1st. We're 182"}, {"start": "00:12:26", "end": "00:12:32", "text": "days after that. 182 days after end of"}, {"start": "00:12:30", "end": "00:12:34", "text": "July, this is what Bitcoin was doing on"}, {"start": "00:12:32", "end": "00:12:36", "text": "this chart, right? Actually preparing"}, {"start": "00:12:34", "end": "00:12:39", "text": "for the COVID swing low before the bull"}, {"start": "00:12:36", "end": "00:12:42", "text": "market. It's a very interesting"}, {"start": "00:12:39", "end": "00:12:46", "text": "similarity in terms of where I think we"}, {"start": "00:12:42", "end": "00:12:49", "text": "are on the macro. We are 182 days past"}, {"start": "00:12:46", "end": "00:12:52", "text": "the pump, the postQT pump, right?"}, {"start": "00:12:49", "end": "00:12:53", "text": "Meaning we fall and then pump. It"}, {"start": "00:12:52", "end": "00:12:56", "text": "doesn't look as great as it did last"}, {"start": "00:12:53", "end": "00:12:58", "text": "last cycle, but we did get the pump in"}, {"start": "00:12:56", "end": "00:13:00", "text": "April. And now we're in this environment"}, {"start": "00:12:58", "end": "00:13:02", "text": "where it's like"}, {"start": "00:13:00", "end": "00:13:04", "text": "literally from the macroeconomic"}, {"start": "00:13:02", "end": "00:13:05", "text": "standpoint last cycle and what"}, {"start": "00:13:04", "end": "00:13:08", "text": "everything everything that was going on"}, {"start": "00:13:05", "end": "00:13:09", "text": "in terms of the Fed at least and"}, {"start": "00:13:08", "end": "00:13:12", "text": "liquidity"}, {"start": "00:13:09", "end": "00:13:14", "text": "QT ending. We are at that moment where"}, {"start": "00:13:12", "end": "00:13:17", "text": "COVID happened basically. We were like"}, {"start": "00:13:14", "end": "00:13:19", "text": "there maybe a couple weeks away. So the"}, {"start": "00:13:17", "end": "00:13:20", "text": "question is and this is where things are"}, {"start": "00:13:19", "end": "00:13:21", "text": "becoming interesting to me is because I"}, {"start": "00:13:20", "end": "00:13:24", "text": "always wondered what if CO never"}, {"start": "00:13:21", "end": "00:13:26", "text": "happened. We're in that environment now"}, {"start": "00:13:24", "end": "00:13:30", "text": "now where we can say well if nothing"}, {"start": "00:13:26", "end": "00:13:32", "text": "does happen like that like a black swan"}, {"start": "00:13:30", "end": "00:13:34", "text": "what happens with Bitcoin and we have"}, {"start": "00:13:32", "end": "00:13:35", "text": "all the technical setup. We have the"}, {"start": "00:13:34", "end": "00:13:37", "text": "structural structured setup. We have"}, {"start": "00:13:35", "end": "00:13:41", "text": "support. Here's a 200E moving average"}, {"start": "00:13:37", "end": "00:13:42", "text": "for Bitcoin down here 61,000. We have"}, {"start": "00:13:41", "end": "00:13:45", "text": "that. If we go back to the daily chart,"}, {"start": "00:13:42", "end": "00:13:47", "text": "the chart targets My phone rang. Sorry"}, {"start": "00:13:45", "end": "00:13:51", "text": "about that. So, we have this target down"}, {"start": "00:13:47", "end": "00:13:52", "text": "here, $60,000 or so, $61,000 or so. And"}, {"start": "00:13:51", "end": "00:13:54", "text": "if you go back to the weekly, there's"}, {"start": "00:13:52", "end": "00:13:56", "text": "the 200week moving average right around"}, {"start": "00:13:54", "end": "00:13:59", "text": "that area. Here's this area in February"}, {"start": "00:13:56", "end": "00:14:01", "text": "where we capitulated. Bitcoin is putting"}, {"start": "00:13:59", "end": "00:14:05", "text": "in a very interesting structural"}, {"start": "00:14:01", "end": "00:14:08", "text": "bottoming out setup that obviously can"}, {"start": "00:14:05", "end": "00:14:10", "text": "take time. It is taking time, but it's"}, {"start": "00:14:08", "end": "00:14:14", "text": "all at the confluence of a very similar"}, {"start": "00:14:10", "end": "00:14:16", "text": "postQT last cycle windup for economic"}, {"start": "00:14:14", "end": "00:14:17", "text": "expansion, which is a big thing I've"}, {"start": "00:14:16", "end": "00:14:19", "text": "been talking about on this YouTube"}, {"start": "00:14:17", "end": "00:14:21", "text": "channel. If we bring into play the PMI"}, {"start": "00:14:19", "end": "00:14:22", "text": "in red, there it is. It just started"}, {"start": "00:14:21", "end": "00:14:24", "text": "expanding. We have a new print on"}, {"start": "00:14:22", "end": "00:14:26", "text": "Monday. I'm going to have to do a"}, {"start": "00:14:24", "end": "00:14:28", "text": "completely separate video on that. But"}, {"start": "00:14:26", "end": "00:14:31", "text": "this is the setup right now, everybody."}, {"start": "00:14:28", "end": "00:14:33", "text": "I I know it's terrible. I I'm I'm I"}, {"start": "00:14:31", "end": "00:14:34", "text": "don't like opening up Trading View. I"}, {"start": "00:14:33", "end": "00:14:37", "text": "especially don't like seeing what"}, {"start": "00:14:34", "end": "00:14:39", "text": "altcoins are doing, but at the same"}, {"start": "00:14:37", "end": "00:14:41", "text": "time, we've been here across cycles. It"}, {"start": "00:14:39", "end": "00:14:42", "text": "is worse this time, I know, but these"}, {"start": "00:14:41", "end": "00:14:44", "text": "are all the setups that are currently"}, {"start": "00:14:42", "end": "00:14:46", "text": "happening in real time. This is the"}, {"start": "00:14:44", "end": "00:14:48", "text": "altcoin market cap chart on the monthly"}, {"start": "00:14:46", "end": "00:14:50", "text": "chart. Still hovering above this"}, {"start": "00:14:48", "end": "00:14:53", "text": "50-month moving average in blue. This is"}, {"start": "00:14:50", "end": "00:14:55", "text": "an area and let's see what happens in"}, {"start": "00:14:53", "end": "00:15:00", "text": "terms of the monthly. That is down here"}, {"start": "00:14:55", "end": "00:15:02", "text": "at around $96 billion market cap. You"}, {"start": "00:15:00", "end": "00:15:05", "text": "can just see sideways on the monthly."}, {"start": "00:15:02", "end": "00:15:08", "text": "This is an area where across cycles this"}, {"start": "00:15:05", "end": "00:15:11", "text": "chart has bottomed if not at it below"}, {"start": "00:15:08", "end": "00:15:14", "text": "it. So we're very close to this general"}, {"start": "00:15:11", "end": "00:15:17", "text": "range in terms of it's not a good time"}, {"start": "00:15:14", "end": "00:15:19", "text": "in my opinion to be macro bearish. It's"}, {"start": "00:15:17", "end": "00:15:22", "text": "a good time to start thinking about"}, {"start": "00:15:19", "end": "00:15:25", "text": "being macro bullish. And this is all at"}, {"start": "00:15:22", "end": "00:15:27", "text": "the confluence once again of a business"}, {"start": "00:15:25", "end": "00:15:29", "text": "cycle and the macro data that I think is"}, {"start": "00:15:27", "end": "00:15:30", "text": "setting up. So I wanted to present this"}, {"start": "00:15:29", "end": "00:15:32", "text": "to you everybody today. I hope you're"}, {"start": "00:15:30", "end": "00:15:33", "text": "hanging in there. I hope you're doing"}, {"start": "00:15:32", "end": "00:15:36", "text": "okay. If you got any value from this"}, {"start": "00:15:33", "end": "00:15:37", "text": "content, please consider subscribing,"}, {"start": "00:15:36", "end": "00:15:41", "text": "hitting that like button. I will see you"}, {"start": "00:15:37", "end": "00:15:41", "text": "in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "I'd say it's around 87% of what I see on"}, {"start": "00:00:02", "end": "00:00:06", "text": "social media in relation to crypto is"}, {"start": "00:00:04", "end": "00:00:09", "text": "it's the end of the era for crypto."}, {"start": "00:00:06", "end": "00:00:12", "text": "Crypto is game over. It's done. Pack it"}, {"start": "00:00:09", "end": "00:00:14", "text": "up. Pack up the bags. The game is over."}, {"start": "00:00:12", "end": "00:00:17", "text": "I don't have all the answers in terms of"}, {"start": "00:00:14", "end": "00:00:20", "text": "exactly what is going to happen next for"}, {"start": "00:00:17", "end": "00:00:23", "text": "crypto. We anticipate all scenarios. But"}, {"start": "00:00:20", "end": "00:00:25", "text": "what I can say is that is not the case."}, {"start": "00:00:23", "end": "00:00:30", "text": "Crypto is not game over. And in this"}, {"start": "00:00:25", "end": "00:00:30", "text": "video, I will show you exactly why."}, {"start": "00:00:32", "end": "00:00:36", "text": "The final stage of ETH capitulation from"}, {"start": "00:00:35", "end": "00:00:39", "text": "long-standing bulls is happening right"}, {"start": "00:00:36", "end": "00:00:41", "text": "as macro increasingly looks like it's"}, {"start": "00:00:39", "end": "00:00:44", "text": "moving from tightening toward eventual"}, {"start": "00:00:41", "end": "00:00:46", "text": "loosening. People are piling into narrow"}, {"start": "00:00:44", "end": "00:00:47", "text": "influencer-led narratives and"}, {"start": "00:00:46", "end": "00:00:50", "text": "extrapolating current leadership"}, {"start": "00:00:47", "end": "00:00:52", "text": "forever. If yields and oil continue"}, {"start": "00:00:50", "end": "00:00:56", "text": "rolling over, ETH, alts, and NFTs become"}, {"start": "00:00:52", "end": "00:00:58", "text": "the primary beneficiaries very quickly."}, {"start": "00:00:56", "end": "00:01:00", "text": "Whether you agree with the NFT part or"}, {"start": "00:00:58", "end": "00:01:02", "text": "not, I want to just make a point in"}, {"start": "00:01:00", "end": "00:01:03", "text": "relation to this post. What we're going"}, {"start": "00:01:02", "end": "00:01:05", "text": "to do in this video is we're going to"}, {"start": "00:01:03", "end": "00:01:07", "text": "actually look at Ethereum as it relates"}, {"start": "00:01:05", "end": "00:01:09", "text": "to the crypto market as it relates to"}, {"start": "00:01:07", "end": "00:01:10", "text": "altcoins. This is an altcoin chart."}, {"start": "00:01:09", "end": "00:01:12", "text": "We're going to look at this chart as"}, {"start": "00:01:10", "end": "00:01:14", "text": "well, but we're even going to do we're"}, {"start": "00:01:12", "end": "00:01:15", "text": "going to do short-term price action"}, {"start": "00:01:14", "end": "00:01:18", "text": "targets for Ethereum. Some, you know,"}, {"start": "00:01:15", "end": "00:01:20", "text": "things to anticipate within this macro"}, {"start": "00:01:18", "end": "00:01:22", "text": "lens that we're looking through we're"}, {"start": "00:01:20", "end": "00:01:25", "text": "looking through for crypto. But back to"}, {"start": "00:01:22", "end": "00:01:26", "text": "this post, it's it's interesting that"}, {"start": "00:01:25", "end": "00:01:28", "text": "when I come across posts like this,"}, {"start": "00:01:26", "end": "00:01:32", "text": "which is something I very much agree"}, {"start": "00:01:28", "end": "00:01:33", "text": "with, I would say like besides Tom Lee,"}, {"start": "00:01:32", "end": "00:01:35", "text": "which we're going to we're going to"}, {"start": "00:01:33", "end": "00:01:37", "text": "actually look at this clip from Tom Lee"}, {"start": "00:01:35", "end": "00:01:40", "text": "in just a moment. Tom Lee, like one of"}, {"start": "00:01:37", "end": "00:01:42", "text": "the biggest crypto bulls right now,"}, {"start": "00:01:40", "end": "00:01:47", "text": "especially Ethereum bulls right now,"}, {"start": "00:01:42", "end": "00:01:50", "text": "contrarian to the max. Besides him, it"}, {"start": "00:01:47", "end": "00:01:52", "text": "almost seems like it's just accounts"}, {"start": "00:01:50", "end": "00:01:54", "text": "like this. I I just this just popped up"}, {"start": "00:01:52", "end": "00:01:56", "text": "on my feed."}, {"start": "00:01:54", "end": "00:01:58", "text": "Accounts like this small account, 44"}, {"start": "00:01:56", "end": "00:02:00", "text": "likes."}, {"start": "00:01:58", "end": "00:02:02", "text": "This is this is all the bullishness that"}, {"start": "00:02:00", "end": "00:02:06", "text": "is left in the crypto space right now."}, {"start": "00:02:02", "end": "00:02:09", "text": "But what this post is saying is insanely"}, {"start": "00:02:06", "end": "00:02:10", "text": "accurate in my opinion. And again, I"}, {"start": "00:02:09", "end": "00:02:12", "text": "don't know what's going to happen next,"}, {"start": "00:02:10", "end": "00:02:15", "text": "but I want to talk about all of these"}, {"start": "00:02:12", "end": "00:02:17", "text": "things. So, this post along with this"}, {"start": "00:02:15", "end": "00:02:19", "text": "video, the amount of it's over for"}, {"start": "00:02:17", "end": "00:02:22", "text": "crypto post I see is at all-time high."}, {"start": "00:02:19", "end": "00:02:24", "text": "You think ETH is going to zero by the"}, {"start": "00:02:22", "end": "00:02:26", "text": "amount of bulls who have given up on it"}, {"start": "00:02:24", "end": "00:02:28", "text": "in the last two weeks. Everyone giving"}, {"start": "00:02:26", "end": "00:02:30", "text": "up like every cycle bottom before, but"}, {"start": "00:02:28", "end": "00:02:33", "text": "more than ever, all because of a lagging"}, {"start": "00:02:30", "end": "00:02:35", "text": "business cycle. I'm not going to get"}, {"start": "00:02:33", "end": "00:02:38", "text": "crazy into business cycle. There it is"}, {"start": "00:02:35", "end": "00:02:41", "text": "in blue, the PMI. If you're wondering, I"}, {"start": "00:02:38", "end": "00:02:45", "text": "I do constant content on this. If you're"}, {"start": "00:02:41", "end": "00:02:47", "text": "wondering why ETH, crypto, altcoins is"}, {"start": "00:02:45", "end": "00:02:50", "text": "lagging, is suppressed, hasn't broken"}, {"start": "00:02:47", "end": "00:02:53", "text": "out yet. Why ETH chart looks like this,"}, {"start": "00:02:50", "end": "00:02:55", "text": "why the altcoin chart looks like this."}, {"start": "00:02:53", "end": "00:02:57", "text": "It's because of the blue line in my very"}, {"start": "00:02:55", "end": "00:03:00", "text": "strong opinion. And only time will tell"}, {"start": "00:02:57", "end": "00:03:04", "text": "if this is an accurate thesis. That"}, {"start": "00:03:00", "end": "00:03:06", "text": "thesis is heavily, you know, in contests"}, {"start": "00:03:04", "end": "00:03:08", "text": "with the four-year cycle thesis. and"}, {"start": "00:03:06", "end": "00:03:10", "text": "we're going to find out soon. PMI"}, {"start": "00:03:08", "end": "00:03:12", "text": "actually prints again on Monday. Very"}, {"start": "00:03:10", "end": "00:03:15", "text": "curious to see what happens. But it's"}, {"start": "00:03:12", "end": "00:03:17", "text": "the long longer term reversal of PMI,"}, {"start": "00:03:15", "end": "00:03:19", "text": "that blue line, the business cycle that"}, {"start": "00:03:17", "end": "00:03:21", "text": "I think plays into these cycles. And you"}, {"start": "00:03:19", "end": "00:03:23", "text": "can just see it on the chart. With that"}, {"start": "00:03:21", "end": "00:03:25", "text": "being said though, that's the"}, {"start": "00:03:23", "end": "00:03:27", "text": "explanation. And again, I'm not going to"}, {"start": "00:03:25", "end": "00:03:30", "text": "get so much into that. What I want to do"}, {"start": "00:03:27", "end": "00:03:33", "text": "in this video is I want to talk about"}, {"start": "00:03:30", "end": "00:03:35", "text": "Tom Lee, his contrarian view, and I"}, {"start": "00:03:33", "end": "00:03:38", "text": "really want to look at Ethereum to get a"}, {"start": "00:03:35", "end": "00:03:40", "text": "guide in terms of okay, yeah, years of"}, {"start": "00:03:38", "end": "00:03:41", "text": "suppression, but what next? So, that's"}, {"start": "00:03:40", "end": "00:03:43", "text": "what we're going to do, and we're going"}, {"start": "00:03:41", "end": "00:03:45", "text": "to start with really just looking at"}, {"start": "00:03:43", "end": "00:03:47", "text": "what Tom Lee is doing. Before we get"}, {"start": "00:03:45", "end": "00:03:48", "text": "into it, I want to thank Nexo for"}, {"start": "00:03:47", "end": "00:03:50", "text": "sponsoring this video. If you're not"}, {"start": "00:03:48", "end": "00:03:53", "text": "familiar, Nexo is a digital assets"}, {"start": "00:03:50", "end": "00:03:56", "text": "wealth platform that's been operating"}, {"start": "00:03:53", "end": "00:03:58", "text": "since 2018 through every market cycle."}, {"start": "00:03:56", "end": "00:04:01", "text": "They manage over eight billion dollars"}, {"start": "00:03:58", "end": "00:04:04", "text": "in assets. They've distributed over $1.3"}, {"start": "00:04:01", "end": "00:04:06", "text": "billion in interest to clients. And"}, {"start": "00:04:04", "end": "00:04:08", "text": "according to Galaxy Research, they're"}, {"start": "00:04:06", "end": "00:04:12", "text": "the second largest centralized crypto"}, {"start": "00:04:08", "end": "00:04:15", "text": "lender globally by outstanding loan"}, {"start": "00:04:12", "end": "00:04:18", "text": "volume. So they are massive. They just"}, {"start": "00:04:15", "end": "00:04:20", "text": "relaunched in the US. Built on BAC's"}, {"start": "00:04:18", "end": "00:04:22", "text": "regulated infrastructure, you can earn"}, {"start": "00:04:20", "end": "00:04:25", "text": "stated interest rates on eligible crypto"}, {"start": "00:04:22", "end": "00:04:28", "text": "holdings. Flexible with no lockup or"}, {"start": "00:04:25", "end": "00:04:30", "text": "fixed term for potentially better rates."}, {"start": "00:04:28", "end": "00:04:32", "text": "Stated rates are not guaranteed. I want"}, {"start": "00:04:30", "end": "00:04:34", "text": "to make a note of that. They are subject"}, {"start": "00:04:32", "end": "00:04:37", "text": "to change. They also offer cryptoback"}, {"start": "00:04:34", "end": "00:04:38", "text": "credit lines where I don't think a lot"}, {"start": "00:04:37", "end": "00:04:41", "text": "of people are very familiar with this,"}, {"start": "00:04:38", "end": "00:04:43", "text": "but you can borrow against your holdings"}, {"start": "00:04:41", "end": "00:04:47", "text": "while keeping your existing holdings"}, {"start": "00:04:43", "end": "00:04:49", "text": "intact. rates from 0.9% APR depending on"}, {"start": "00:04:47", "end": "00:04:51", "text": "tier. There's a welcome promotion"}, {"start": "00:04:49", "end": "00:04:53", "text": "available for US clients. You can learn"}, {"start": "00:04:51", "end": "00:04:56", "text": "more and explore what the platform"}, {"start": "00:04:53", "end": "00:04:59", "text": "offers at the link below in description"}, {"start": "00:04:56", "end": "00:05:02", "text": "below this video and also go over to uh"}, {"start": "00:04:59", "end": "00:05:04", "text": "X and give them a follow Nexo USA for"}, {"start": "00:05:02", "end": "00:05:06", "text": "product updates and different updates."}, {"start": "00:05:04", "end": "00:05:08", "text": "So, appreciate Nexo for sponsoring this"}, {"start": "00:05:06", "end": "00:05:10", "text": "video. So, Bitmine Immersion"}, {"start": "00:05:08", "end": "00:05:14", "text": "Technologies, Bitine, has announced its"}, {"start": "00:05:10", "end": "00:05:16", "text": "latest purchase worth $237 million. The"}, {"start": "00:05:14", "end": "00:05:19", "text": "company now holds 5.39 million ETH"}, {"start": "00:05:16", "end": "00:05:21", "text": "tokens in its reserve. This represents"}, {"start": "00:05:19", "end": "00:05:24", "text": "roughly 4.47%"}, {"start": "00:05:21", "end": "00:05:26", "text": "of Ethereum's circulating supply. I want"}, {"start": "00:05:24", "end": "00:05:31", "text": "to show you this clip. This is from This"}, {"start": "00:05:26", "end": "00:05:33", "text": "was posted by um Merlin the Trader."}, {"start": "00:05:31", "end": "00:05:35", "text": "Check this clip out of Tom Lee. If"}, {"start": "00:05:33", "end": "00:05:38", "text": "you're just a crypto investor, please."}, {"start": "00:05:35", "end": "00:05:40", "text": "It's I mean it's probably like it's 40"}, {"start": "00:05:38", "end": "00:05:41", "text": "40 seconds or so or so. Just listen to"}, {"start": "00:05:40", "end": "00:05:45", "text": "what he's saying."}, {"start": "00:05:41", "end": "00:05:48", "text": ">> My bear rating my sell rating on company"}, {"start": "00:05:45", "end": "00:05:50", "text": "called Nexttel because I had a bearish"}, {"start": "00:05:48", "end": "00:05:53", "text": "view on this company. It was a very"}, {"start": "00:05:50", "end": "00:05:55", "text": "popular stock with investors"}, {"start": "00:05:53", "end": "00:05:57", "text": "and this the fact that I was at JP"}, {"start": "00:05:55", "end": "00:06:01", "text": "Morgan had a sell rating on a stock"}, {"start": "00:05:57", "end": "00:06:04", "text": "widely held by institutions and"}, {"start": "00:06:01", "end": "00:06:07", "text": ">> so he was bearish on Nexttel. Listen to"}, {"start": "00:06:04", "end": "00:06:09", "text": "what he says. big client of JP Morgan"}, {"start": "00:06:07", "end": "00:06:12", "text": "made me realize sell ratings are not fun"}, {"start": "00:06:09", "end": "00:06:14", "text": "things to do because I I felt enormous"}, {"start": "00:06:12", "end": "00:06:16", "text": "pressure like I suddenly became someone"}, {"start": "00:06:14", "end": "00:06:18", "text": "that everyone hated because I did I had"}, {"start": "00:06:16", "end": "00:06:20", "text": "a negative view on something that they"}, {"start": "00:06:18", "end": "00:06:23", "text": "all like. So I realized the power of"}, {"start": "00:06:20", "end": "00:06:26", "text": "being contrarian but also like how much"}, {"start": "00:06:23", "end": "00:06:30", "text": "heat there is. We still do that today."}, {"start": "00:06:26", "end": "00:06:32", "text": ">> The power of being contrarian. Everybody"}, {"start": "00:06:30", "end": "00:06:34", "text": "this this post puts it very nice with"}, {"start": "00:06:32", "end": "00:06:37", "text": "the video. Everyone hates you until"}, {"start": "00:06:34", "end": "00:06:40", "text": "you're right. He was hated. He was"}, {"start": "00:06:37", "end": "00:06:42", "text": "right. Right now, Tom Lee doesn't get"}, {"start": "00:06:40", "end": "00:06:44", "text": "the best press for being bullish, for"}, {"start": "00:06:42", "end": "00:06:46", "text": "these headlines. He's accumulating"}, {"start": "00:06:44", "end": "00:06:48", "text": "Ethereum while everybody's leaving"}, {"start": "00:06:46", "end": "00:06:51", "text": "Ethereum. Well, crypto, it's game over"}, {"start": "00:06:48", "end": "00:06:54", "text": "for for for crypto. Tom Lee is"}, {"start": "00:06:51", "end": "00:06:57", "text": "contrarian in this very moment. And that"}, {"start": "00:06:54", "end": "00:06:59", "text": "being contrarian, especially in these"}, {"start": "00:06:57", "end": "00:07:02", "text": "macro environments where it takes time"}, {"start": "00:06:59", "end": "00:07:05", "text": "to really prove whether your thesis is"}, {"start": "00:07:02", "end": "00:07:08", "text": "correct or not, it's a very it can be an"}, {"start": "00:07:05", "end": "00:07:11", "text": "uncomfortable thing. And so it's it's so"}, {"start": "00:07:08", "end": "00:07:16", "text": "interesting just to see this like"}, {"start": "00:07:11", "end": "00:07:20", "text": "relationship of the few bulls left in"}, {"start": "00:07:16", "end": "00:07:22", "text": "crypto like Tom Lee with the rest of the"}, {"start": "00:07:20", "end": "00:07:25", "text": "industry right now with the rest of you"}, {"start": "00:07:22", "end": "00:07:27", "text": "know content creation. Again, this is a"}, {"start": "00:07:25", "end": "00:07:32", "text": "a post that I, you know, when it comes"}, {"start": "00:07:27", "end": "00:07:34", "text": "to ETHip capitulation happening and all"}, {"start": "00:07:32", "end": "00:07:37", "text": "these long-standing bulls are leaving"}, {"start": "00:07:34", "end": "00:07:39", "text": "while we're at this huge macro shift. I"}, {"start": "00:07:37", "end": "00:07:42", "text": "agree with that and it's such an"}, {"start": "00:07:39", "end": "00:07:45", "text": "unpopular thing. You know, 44 likes, I'm"}, {"start": "00:07:42", "end": "00:07:48", "text": "one of them. And the bearish content,"}, {"start": "00:07:45", "end": "00:07:50", "text": "crypto is over content because it plays"}, {"start": "00:07:48", "end": "00:07:52", "text": "directly into the emotion and the"}, {"start": "00:07:50", "end": "00:07:55", "text": "uncertainty and the fear that is in the"}, {"start": "00:07:52", "end": "00:07:58", "text": "markets. It just it's does very well."}, {"start": "00:07:55", "end": "00:08:00", "text": "Here's Tom Lee. This was from May 17th."}, {"start": "00:07:58", "end": "00:08:03", "text": "If if one is wondering why Ethereum has"}, {"start": "00:08:00", "end": "00:08:05", "text": "been under sell pressure to me, rising"}, {"start": "00:08:03", "end": "00:08:07", "text": "oil prices is the biggest headwind. ETH"}, {"start": "00:08:05", "end": "00:08:09", "text": "inverse correlation to oil is the"}, {"start": "00:08:07", "end": "00:08:11", "text": "highest ever. With him saying that, by"}, {"start": "00:08:09", "end": "00:08:12", "text": "the way, we'll keep an eye on oil. With"}, {"start": "00:08:11", "end": "00:08:15", "text": "everything that's going on with the"}, {"start": "00:08:12", "end": "00:08:16", "text": "Middle East war, I don't know when this"}, {"start": "00:08:15", "end": "00:08:18", "text": "is going to end. I don't know what oil"}, {"start": "00:08:16", "end": "00:08:22", "text": "will do, especially in the short term,"}, {"start": "00:08:18", "end": "00:08:25", "text": "obviously. But with that being said,"}, {"start": "00:08:22", "end": "00:08:27", "text": "he's saying rising oil prices is the"}, {"start": "00:08:25", "end": "00:08:29", "text": "biggest headwind. ETH inverse"}, {"start": "00:08:27", "end": "00:08:33", "text": "correlation to oil is the highest ever."}, {"start": "00:08:29", "end": "00:08:37", "text": "You know what this this war has done and"}, {"start": "00:08:33", "end": "00:08:39", "text": "oil prices going up has done. If you"}, {"start": "00:08:37", "end": "00:08:43", "text": "think of just an altcoin market cap"}, {"start": "00:08:39", "end": "00:08:44", "text": "chart, it has prolonged what we were all"}, {"start": "00:08:43", "end": "00:08:48", "text": "what we were just starting to see"}, {"start": "00:08:44", "end": "00:08:50", "text": "finally, which was expansion of the PMI."}, {"start": "00:08:48", "end": "00:08:52", "text": "All of a sudden, the war started, right?"}, {"start": "00:08:50", "end": "00:08:53", "text": "And now it's just back to uncertainty."}, {"start": "00:08:52", "end": "00:08:56", "text": "This might even consolidate back down"}, {"start": "00:08:53", "end": "00:08:59", "text": "because of short-term inflation due to"}, {"start": "00:08:56", "end": "00:09:02", "text": "short-term energy prices going up. That"}, {"start": "00:08:59", "end": "00:09:03", "text": "might actually dip. We might have been"}, {"start": "00:09:02", "end": "00:09:05", "text": "getting ready for this period of the"}, {"start": "00:09:03", "end": "00:09:08", "text": "expansion. And it still could be very"}, {"start": "00:09:05", "end": "00:09:11", "text": "much in play on the macro here, but it's"}, {"start": "00:09:08", "end": "00:09:15", "text": "been prolonged even even again after"}, {"start": "00:09:11", "end": "00:09:16", "text": "already years of being prolonged. And so"}, {"start": "00:09:15", "end": "00:09:19", "text": "already this has been frustrating for"}, {"start": "00:09:16", "end": "00:09:22", "text": "altcoin markets and crypto markets. But"}, {"start": "00:09:19", "end": "00:09:26", "text": "right now, do you see this altcoin"}, {"start": "00:09:22", "end": "00:09:29", "text": "chart? Look how uncertain, look at the"}, {"start": "00:09:26", "end": "00:09:31", "text": "fear that is in this entire move of"}, {"start": "00:09:29", "end": "00:09:33", "text": "altcoins. And just look at PMI right"}, {"start": "00:09:31", "end": "00:09:37", "text": "now. And this is just a glimpse of"}, {"start": "00:09:33", "end": "00:09:39", "text": "uncertainty. And so this is a shortterm"}, {"start": "00:09:37", "end": "00:09:42", "text": "thing. And I think Tom Lee's"}, {"start": "00:09:39", "end": "00:09:44", "text": "interpretation of what is going on is"}, {"start": "00:09:42", "end": "00:09:48", "text": "spoton. and his interpretation in my"}, {"start": "00:09:44", "end": "00:09:51", "text": "view plays right into the macro view of"}, {"start": "00:09:48", "end": "00:09:55", "text": "crypto expanding with PMI and the"}, {"start": "00:09:51", "end": "00:09:57", "text": "business cycle and contracting with it."}, {"start": "00:09:55", "end": "00:10:00", "text": "He goes on, thus oil reversing equals"}, {"start": "00:09:57", "end": "00:10:02", "text": "ETH prices recovering. And I think it's"}, {"start": "00:10:00", "end": "00:10:04", "text": "a very simple starting point to say, and"}, {"start": "00:10:02", "end": "00:10:06", "text": "we're going to look at ETH price ETH"}, {"start": "00:10:04", "end": "00:10:09", "text": "charts in just a moment. I think it's a"}, {"start": "00:10:06", "end": "00:10:12", "text": "very simple starting point to say if the"}, {"start": "00:10:09", "end": "00:10:14", "text": "tension in the Middle East ends and oil"}, {"start": "00:10:12", "end": "00:10:16", "text": "does start coming back down and we do"}, {"start": "00:10:14", "end": "00:10:20", "text": "continue to getting AI productivity boom"}, {"start": "00:10:16", "end": "00:10:22", "text": "and economic expansion then ETH risk on"}, {"start": "00:10:20", "end": "00:10:26", "text": "assets like crypto can follow their"}, {"start": "00:10:22", "end": "00:10:28", "text": "typical PMI business cycle"}, {"start": "00:10:26", "end": "00:10:31", "text": "rotation and that is what has happened"}, {"start": "00:10:28", "end": "00:10:33", "text": "and it's kind of like h I know at this"}, {"start": "00:10:31", "end": "00:10:35", "text": "point as I'm doing the video people"}, {"start": "00:10:33", "end": "00:10:38", "text": "don't care anymore people think it's you"}, {"start": "00:10:35", "end": "00:10:41", "text": "justopium in terms of crypto, but it's"}, {"start": "00:10:38", "end": "00:10:43", "text": "not. It's just data. It's very"}, {"start": "00:10:41", "end": "00:10:45", "text": "frustrating data. It's data that has"}, {"start": "00:10:43", "end": "00:10:48", "text": "tested all patience in terms of crypto,"}, {"start": "00:10:45", "end": "00:10:50", "text": "but it is what it is. And Tom Lee says"}, {"start": "00:10:48", "end": "00:10:51", "text": "this is short-term technical noise."}, {"start": "00:10:50", "end": "00:10:53", "text": "These structural drivers are in place."}, {"start": "00:10:51", "end": "00:10:56", "text": "Thus, we expect ETH prices to be"}, {"start": "00:10:53", "end": "00:11:00", "text": "stronger as we move through 2026."}, {"start": "00:10:56", "end": "00:11:02", "text": "And that's just my view as well. Um, as"}, {"start": "00:11:00", "end": "00:11:04", "text": "we do move through 2026. So, let's go."}, {"start": "00:11:02", "end": "00:11:05", "text": "Let's look at Ethereum. We're going to"}, {"start": "00:11:04", "end": "00:11:09", "text": "look at the charts. Let me just start"}, {"start": "00:11:05", "end": "00:11:11", "text": "with this. ETH market cap 256 billion."}, {"start": "00:11:09", "end": "00:11:14", "text": "This is good to see actually. This is a"}, {"start": "00:11:11", "end": "00:11:16", "text": "bull a bull post. Thousand likes from"}, {"start": "00:11:14", "end": "00:11:19", "text": "yesterday. The stable coins running on"}, {"start": "00:11:16", "end": "00:11:22", "text": "it 322 billion up 10x in 5 years headed"}, {"start": "00:11:19", "end": "00:11:25", "text": "to two trillion by 20 2030. ETH BTC"}, {"start": "00:11:22", "end": "00:11:28", "text": "ratio is at a 5-year low. Either the"}, {"start": "00:11:25", "end": "00:11:31", "text": "thesis is wrong or the prices. I'm"}, {"start": "00:11:28", "end": "00:11:34", "text": "betting on the ladder. Meaning he's"}, {"start": "00:11:31", "end": "00:11:37", "text": "betting the price is wrong. And I agree"}, {"start": "00:11:34", "end": "00:11:40", "text": "and call it wrong, call it whatever. The"}, {"start": "00:11:37", "end": "00:11:43", "text": "price is what it is. It is what it's"}, {"start": "00:11:40", "end": "00:11:45", "text": "going to be. But I think the point is in"}, {"start": "00:11:43", "end": "00:11:47", "text": "terms of is it because is price down"}, {"start": "00:11:45", "end": "00:11:50", "text": "because Ethereum's game over and"}, {"start": "00:11:47", "end": "00:11:52", "text": "crypto's game over? No, it's just down"}, {"start": "00:11:50", "end": "00:11:54", "text": "because it's waiting on certain things"}, {"start": "00:11:52", "end": "00:11:56", "text": "to rotate as every other single cycle"}, {"start": "00:11:54", "end": "00:11:58", "text": "has happened. So here's Ethereum on the"}, {"start": "00:11:56", "end": "00:12:00", "text": "weekly. What I want to point before we"}, {"start": "00:11:58", "end": "00:12:02", "text": "start doing some short-term price action"}, {"start": "00:12:00", "end": "00:12:03", "text": "is I just want to point this out. I know"}, {"start": "00:12:02", "end": "00:12:07", "text": "it's just kind of repetitive, but it's"}, {"start": "00:12:03", "end": "00:12:09", "text": "just important. This is just macro"}, {"start": "00:12:07", "end": "00:12:12", "text": "momentum shift on Ethereum that just"}, {"start": "00:12:09", "end": "00:12:15", "text": "happened in early April. The MACD above"}, {"start": "00:12:12", "end": "00:12:17", "text": "the signal line in red. This this RSI,"}, {"start": "00:12:15", "end": "00:12:19", "text": "the slower moving momentum oscillator"}, {"start": "00:12:17", "end": "00:12:20", "text": "bottoming out back here in March and"}, {"start": "00:12:19", "end": "00:12:23", "text": "just kind of continuing in in this"}, {"start": "00:12:20", "end": "00:12:25", "text": "little uptrend with obviously a retrace"}, {"start": "00:12:23", "end": "00:12:28", "text": "currently in play. And we're waiting for"}, {"start": "00:12:25", "end": "00:12:31", "text": "again the structural bottom of not only"}, {"start": "00:12:28", "end": "00:12:33", "text": "the short term, but really the long"}, {"start": "00:12:31", "end": "00:12:35", "text": "term. Look at this. Look at this setup"}, {"start": "00:12:33", "end": "00:12:37", "text": "that we have on the screen going back to"}, {"start": "00:12:35", "end": "00:12:39", "text": "the last bull market high of 2021."}, {"start": "00:12:37", "end": "00:12:44", "text": "Ethereum at the same price as it was in"}, {"start": "00:12:39", "end": "00:12:47", "text": "2021. It's it's crazy to see that we go"}, {"start": "00:12:44", "end": "00:12:48", "text": "to Ethereum on the short term. So,"}, {"start": "00:12:47", "end": "00:12:51", "text": "here's what I want to just talk about."}, {"start": "00:12:48", "end": "00:12:53", "text": "We got this break out of this, you know,"}, {"start": "00:12:51", "end": "00:12:55", "text": "consolidation, this triangle, this"}, {"start": "00:12:53", "end": "00:12:57", "text": "pattern that we kind of were tracking. I"}, {"start": "00:12:55", "end": "00:12:59", "text": "think I think we were tracking this last"}, {"start": "00:12:57", "end": "00:13:02", "text": "week, but Ethereum did not even test the"}, {"start": "00:12:59", "end": "00:13:04", "text": "200 day moving average. That's an area"}, {"start": "00:13:02", "end": "00:13:06", "text": "we want to see ETH get to on the macro."}, {"start": "00:13:04", "end": "00:13:09", "text": "That's a macro area. If ETH can start"}, {"start": "00:13:06", "end": "00:13:12", "text": "closing daily candles above that area,"}, {"start": "00:13:09", "end": "00:13:14", "text": "it'll be massive. And simultaneously,"}, {"start": "00:13:12", "end": "00:13:17", "text": "that's around $2,500. If you think of"}, {"start": "00:13:14", "end": "00:13:20", "text": "ETH on the macro, if it's breaking"}, {"start": "00:13:17", "end": "00:13:22", "text": "$2,500, you know what it's doing? We"}, {"start": "00:13:20", "end": "00:13:24", "text": "have the 20week moving average at 2,200."}, {"start": "00:13:22", "end": "00:13:27", "text": "We have the 200E moving average at just"}, {"start": "00:13:24", "end": "00:13:31", "text": "under 2500. If Ethereum can get back up"}, {"start": "00:13:27", "end": "00:13:35", "text": "above that range, that is a massive step"}, {"start": "00:13:31", "end": "00:13:37", "text": "in the long-term reversal into a bull"}, {"start": "00:13:35", "end": "00:13:40", "text": "type of environment for Ethereum. Right"}, {"start": "00:13:37", "end": "00:13:41", "text": "now, Ethereum, it's game over. If that"}, {"start": "00:13:40", "end": "00:13:44", "text": "move happened and all of a sudden we're"}, {"start": "00:13:41", "end": "00:13:46", "text": "above 2500, watch how fast things"}, {"start": "00:13:44", "end": "00:13:48", "text": "change. Watch how emotional this space"}, {"start": "00:13:46", "end": "00:13:51", "text": "is. It's insane. Nobody wants to be"}, {"start": "00:13:48", "end": "00:13:53", "text": "bullish now, especially because we have,"}, {"start": "00:13:51", "end": "00:13:57", "text": "if we're being realistic, a breakdown"}, {"start": "00:13:53", "end": "00:13:59", "text": "target of around $1,500. That just is"}, {"start": "00:13:57", "end": "00:14:02", "text": "what it is. And I know that and I accept"}, {"start": "00:13:59", "end": "00:14:03", "text": "that. And I still sit here and I'm just"}, {"start": "00:14:02", "end": "00:14:06", "text": "bullish on the crypto space. And I think"}, {"start": "00:14:03", "end": "00:14:08", "text": "it is so silly that everybody wants to"}, {"start": "00:14:06", "end": "00:14:11", "text": "be all negative and bearish and it's"}, {"start": "00:14:08", "end": "00:14:13", "text": "game over for crypto even with this"}, {"start": "00:14:11", "end": "00:14:15", "text": "environment. What I don't think is silly"}, {"start": "00:14:13", "end": "00:14:18", "text": "is the frustration. Okay, I'm not"}, {"start": "00:14:15", "end": "00:14:19", "text": "sitting here saying you're ridiculous."}, {"start": "00:14:18", "end": "00:14:22", "text": "Don't be frustrated with crypto right"}, {"start": "00:14:19", "end": "00:14:24", "text": "now. I'm not. I'm frustrated, too. I"}, {"start": "00:14:22", "end": "00:14:27", "text": "really am. Crypto has been incredibly"}, {"start": "00:14:24", "end": "00:14:31", "text": "annoying. But I don't blame the crypto"}, {"start": "00:14:27", "end": "00:14:33", "text": "space. I don't blame altcoin price. I'm"}, {"start": "00:14:31", "end": "00:14:37", "text": "not blaming any of that. For me, it's"}, {"start": "00:14:33", "end": "00:14:40", "text": "just very simple data and it doesn't it"}, {"start": "00:14:37", "end": "00:14:42", "text": "doesn't get any more clear to me what is"}, {"start": "00:14:40", "end": "00:14:44", "text": "happening and it's a correlation of the"}, {"start": "00:14:42", "end": "00:14:45", "text": "business cycle and it's everything"}, {"start": "00:14:44", "end": "00:14:48", "text": "happening from a macroeconomic"}, {"start": "00:14:45", "end": "00:14:50", "text": "perspective and just so happens the"}, {"start": "00:14:48", "end": "00:14:52", "text": "short term and this war that nobody"}, {"start": "00:14:50", "end": "00:14:54", "text": "anticipated after all the tariff here"}, {"start": "00:14:52", "end": "00:14:56", "text": "this came into play and just look at"}, {"start": "00:14:54", "end": "00:14:58", "text": "that look at that correlation of PMI and"}, {"start": "00:14:56", "end": "00:15:01", "text": "altcoins right now even on the short"}, {"start": "00:14:58", "end": "00:15:03", "text": "term it's no surprise to me that it's"}, {"start": "00:15:01", "end": "00:15:06", "text": "happening it is frustrating"}, {"start": "00:15:03", "end": "00:15:09", "text": "But back to my point, the target to the"}, {"start": "00:15:06", "end": "00:15:12", "text": "downside, $1,500. What I want to mention"}, {"start": "00:15:09", "end": "00:15:14", "text": "is, which is very much in play. We see"}, {"start": "00:15:12", "end": "00:15:16", "text": "this often,"}, {"start": "00:15:14", "end": "00:15:18", "text": "fake breakouts, right? And maybe we do"}, {"start": "00:15:16", "end": "00:15:21", "text": "continue lower, but fake breakouts is"}, {"start": "00:15:18", "end": "00:15:22", "text": "when we break back to the upside, we"}, {"start": "00:15:21", "end": "00:15:24", "text": "break the pattern. It's a busted"}, {"start": "00:15:22", "end": "00:15:26", "text": "pattern, meaning we get this fake out"}, {"start": "00:15:24", "end": "00:15:29", "text": "that suggests, man, we're about to go to"}, {"start": "00:15:26", "end": "00:15:32", "text": "1500. The opposite happens. All coins"}, {"start": "00:15:29", "end": "00:15:35", "text": "turn around out of nowhere and all of a"}, {"start": "00:15:32", "end": "00:15:38", "text": "sudden we're testing potentially the"}, {"start": "00:15:35", "end": "00:15:40", "text": "lower trend line, right? Ethereum is at"}, {"start": "00:15:38", "end": "00:15:44", "text": "$2,200"}, {"start": "00:15:40", "end": "00:15:45", "text": "on June 6th or in a week from now and"}, {"start": "00:15:44", "end": "00:15:47", "text": "we're testing the lower trend line and"}, {"start": "00:15:45", "end": "00:15:48", "text": "then that's in play and then maybe"}, {"start": "00:15:47", "end": "00:15:50", "text": "Ethereum breaks above the lower trend"}, {"start": "00:15:48", "end": "00:15:52", "text": "line and we're testing the apex. So it's"}, {"start": "00:15:50", "end": "00:15:54", "text": "like, man, it reversed. So now we're"}, {"start": "00:15:52", "end": "00:15:56", "text": "testing the apex. This could be a busted"}, {"start": "00:15:54", "end": "00:15:57", "text": "pattern if this happens. And all of a"}, {"start": "00:15:56", "end": "00:15:59", "text": "sudden you're going to see people be"}, {"start": "00:15:57", "end": "00:16:01", "text": "like, \"Oh man, maybe maybe we are"}, {"start": "00:15:59", "end": "00:16:03", "text": "bullish again. Maybe maybe it's not game"}, {"start": "00:16:01", "end": "00:16:04", "text": "over.\" And eventually, and I don't know"}, {"start": "00:16:03", "end": "00:16:07", "text": "if it's this pattern. Maybe we go to"}, {"start": "00:16:04", "end": "00:16:10", "text": "1500 first. But eventually,"}, {"start": "00:16:07", "end": "00:16:12", "text": "crypto turns around and there will be a"}, {"start": "00:16:10", "end": "00:16:15", "text": "moment on the macro on these charts"}, {"start": "00:16:12", "end": "00:16:17", "text": "where people are like, man, maybe it's"}, {"start": "00:16:15", "end": "00:16:21", "text": "maybe crypto's not over. And here's what"}, {"start": "00:16:17", "end": "00:16:23", "text": "I think that moment though it's been"}, {"start": "00:16:21", "end": "00:16:26", "text": "extended and prolonged. That moment will"}, {"start": "00:16:23", "end": "00:16:29", "text": "be when we get further macro"}, {"start": "00:16:26", "end": "00:16:31", "text": "confirmation of expansion of the"}, {"start": "00:16:29", "end": "00:16:34", "text": "business cycle in blue. That's when the"}, {"start": "00:16:31", "end": "00:16:38", "text": "moment will be and that's the simplest"}, {"start": "00:16:34", "end": "00:16:39", "text": "explanation besides four-year cycle. And"}, {"start": "00:16:38", "end": "00:16:41", "text": "this is the explanation that I that I'm"}, {"start": "00:16:39", "end": "00:16:44", "text": "that I'm kind of standing with and"}, {"start": "00:16:41", "end": "00:16:46", "text": "tracking. And I could be wrong. And come"}, {"start": "00:16:44", "end": "00:16:47", "text": "October if we're finally bottoming. We"}, {"start": "00:16:46", "end": "00:16:50", "text": "just kept going down and down and down."}, {"start": "00:16:47", "end": "00:16:53", "text": "Ethereum's at like $800 or something."}, {"start": "00:16:50", "end": "00:16:56", "text": "If my business cycle theory is wrong and"}, {"start": "00:16:53", "end": "00:16:57", "text": "fouryear cycle ends up being right, I'm"}, {"start": "00:16:56", "end": "00:17:00", "text": "just going to have to sit here and just"}, {"start": "00:16:57", "end": "00:17:02", "text": "say I was wrong about that. But that's"}, {"start": "00:17:00", "end": "00:17:04", "text": "okay. It's okay if I ended up being"}, {"start": "00:17:02", "end": "00:17:06", "text": "wrong about it. At least right now, I'm"}, {"start": "00:17:04", "end": "00:17:09", "text": "presenting data to you that I don't"}, {"start": "00:17:06", "end": "00:17:11", "text": "think many people are presenting. And"}, {"start": "00:17:09", "end": "00:17:13", "text": "that's fine. I just don't understand"}, {"start": "00:17:11", "end": "00:17:15", "text": "why. I don't understand why people are"}, {"start": "00:17:13", "end": "00:17:18", "text": "not open to this correlation here, the"}, {"start": "00:17:15", "end": "00:17:21", "text": "PMI correlation. And until we find out,"}, {"start": "00:17:18", "end": "00:17:25", "text": "I'm just going to be a contrarian bull"}, {"start": "00:17:21", "end": "00:17:26", "text": "just like Tom Lee over here. And this is"}, {"start": "00:17:25", "end": "00:17:28", "text": "my approach to the markets, everybody."}, {"start": "00:17:26", "end": "00:17:30", "text": "So these are my thoughts today as we"}, {"start": "00:17:28", "end": "00:17:33", "text": "kind of track crypto markets and things"}, {"start": "00:17:30", "end": "00:17:35", "text": "continue just not happening right now. I"}, {"start": "00:17:33", "end": "00:17:36", "text": "hope you enjoyed the video. Please give"}, {"start": "00:17:35", "end": "00:17:38", "text": "it a sub, give me a subscribe if you"}, {"start": "00:17:36", "end": "00:17:40", "text": "enjoyed the video and the video a like"}, {"start": "00:17:38", "end": "00:17:44", "text": "if you got any value from it. I will see"}, {"start": "00:17:40", "end": "00:17:44", "text": "you in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "In this video, we were exploring it as a"}, {"start": "00:00:02", "end": "00:00:05", "text": "right shoulder setup, right, for a"}, {"start": "00:00:03", "end": "00:00:07", "text": "breakout. Now, here's where things get"}, {"start": "00:00:05", "end": "00:00:10", "text": "crazy. If you go to Bitcoin right now,"}, {"start": "00:00:07", "end": "00:00:13", "text": "if we think back September 2024, I'm"}, {"start": "00:00:10", "end": "00:00:15", "text": "doing that video right around here. The"}, {"start": "00:00:13", "end": "00:00:17", "text": "breakout happened of the inverse head"}, {"start": "00:00:15", "end": "00:00:19", "text": "and shoulder multi-year inverse head and"}, {"start": "00:00:17", "end": "00:00:23", "text": "shoulders. You know what's happening"}, {"start": "00:00:19", "end": "00:00:26", "text": "right now? A retest of the neckline of"}, {"start": "00:00:23", "end": "00:00:27", "text": "that massive pattern from 2024 that we"}, {"start": "00:00:26", "end": "00:00:29", "text": "were discussing. We talk about"}, {"start": "00:00:27", "end": "00:00:31", "text": "macroeconomic data a lot when it comes"}, {"start": "00:00:29", "end": "00:00:33", "text": "to crypto cycles, the crypto bull market"}, {"start": "00:00:31", "end": "00:00:35", "text": "that everybody's waiting for. What I"}, {"start": "00:00:33", "end": "00:00:38", "text": "haven't done as much lately is talk"}, {"start": "00:00:35", "end": "00:00:40", "text": "about macro technical analysis. That is"}, {"start": "00:00:38", "end": "00:00:42", "text": "on a Bitcoin chart on the weekly. What"}, {"start": "00:00:40", "end": "00:00:43", "text": "is the structure actually? Because we"}, {"start": "00:00:42", "end": "00:00:45", "text": "haven't talked about this in quite some"}, {"start": "00:00:43", "end": "00:00:48", "text": "time. What is the structure that's going"}, {"start": "00:00:45", "end": "00:00:49", "text": "on right now? It is fascinating to"}, {"start": "00:00:48", "end": "00:00:50", "text": "actually see what is going on on the"}, {"start": "00:00:49", "end": "00:00:52", "text": "screen right now from a structured"}, {"start": "00:00:50", "end": "00:00:54", "text": "standpoint. And I want to waste no time."}, {"start": "00:00:52", "end": "00:00:55", "text": "I want to get into the video. So, please"}, {"start": "00:00:54", "end": "00:00:58", "text": "hit the subscribe on your way in for the"}, {"start": "00:00:55", "end": "00:01:01", "text": "very best technical analysis and news in"}, {"start": "00:00:58", "end": "00:01:03", "text": "crypto. I want to start with this post."}, {"start": "00:01:01", "end": "00:01:06", "text": "I've been kind of seeing this a lot."}, {"start": "00:01:03", "end": "00:01:09", "text": "It's a cup and handle pattern. This is a"}, {"start": "00:01:06", "end": "00:01:11", "text": "pattern that I don't think is actually"}, {"start": "00:01:09", "end": "00:01:13", "text": "so much in play right now. At least it's"}, {"start": "00:01:11", "end": "00:01:15", "text": "not as it's presented and I respectfully"}, {"start": "00:01:13", "end": "00:01:17", "text": "kind of just want to disagree with what"}, {"start": "00:01:15", "end": "00:01:19", "text": "is on the screen. But you might be"}, {"start": "00:01:17", "end": "00:01:21", "text": "seeing this this cup and handle"}, {"start": "00:01:19", "end": "00:01:24", "text": "narrative in terms of Bitcoin technical"}, {"start": "00:01:21", "end": "00:01:26", "text": "analysis. You can see the the thing I"}, {"start": "00:01:24", "end": "00:01:28", "text": "want to point out to you is and again no"}, {"start": "00:01:26", "end": "00:01:30", "text": "negativity here but I want to mention"}, {"start": "00:01:28", "end": "00:01:32", "text": "why I disagree and there's actually I"}, {"start": "00:01:30", "end": "00:01:35", "text": "think a more compelling structure on"}, {"start": "00:01:32", "end": "00:01:38", "text": "this multi-year setup. The cup and"}, {"start": "00:01:35", "end": "00:01:41", "text": "handle you can see this this apparent"}, {"start": "00:01:38", "end": "00:01:44", "text": "handle. It's kind of above all this"}, {"start": "00:01:41", "end": "00:01:47", "text": "consolidation and all of this cup"}, {"start": "00:01:44", "end": "00:01:50", "text": "formation that you see back here. If you"}, {"start": "00:01:47", "end": "00:01:53", "text": "go to Bitcoin and you look at this, I"}, {"start": "00:01:50", "end": "00:01:56", "text": "think what you could do is you could say"}, {"start": "00:01:53", "end": "00:01:59", "text": "from a cup and handle perspective, this"}, {"start": "00:01:56", "end": "00:02:04", "text": "cup, this handle"}, {"start": "00:01:59", "end": "00:02:06", "text": "breakout retests of that entire range."}, {"start": "00:02:04", "end": "00:02:10", "text": "I'm having trouble with calling all of"}, {"start": "00:02:06", "end": "00:02:13", "text": "this above all of this a handle. That's"}, {"start": "00:02:10", "end": "00:02:15", "text": "number one. So with that being said"}, {"start": "00:02:13", "end": "00:02:17", "text": "though, I think this whole thing of"}, {"start": "00:02:15", "end": "00:02:19", "text": "structure on the multi-year is not only"}, {"start": "00:02:17", "end": "00:02:21", "text": "compelling, but I think it is just"}, {"start": "00:02:19", "end": "00:02:23", "text": "happening. And so that's what I want to"}, {"start": "00:02:21", "end": "00:02:24", "text": "speak to in this video. What I want to"}, {"start": "00:02:23", "end": "00:02:29", "text": "show you is I want to show you this"}, {"start": "00:02:24", "end": "00:02:31", "text": "clip. This is from September 2024."}, {"start": "00:02:29", "end": "00:02:32", "text": "And I just want to show you this very"}, {"start": "00:02:31", "end": "00:02:34", "text": "quick clip. Check it out. What I just I"}, {"start": "00:02:32", "end": "00:02:37", "text": "just like about the chart is he inverted"}, {"start": "00:02:34", "end": "00:02:39", "text": "the Bitcoin chart. And you can see it's"}, {"start": "00:02:37", "end": "00:02:41", "text": "a head and shoulders looking terrible."}, {"start": "00:02:39", "end": "00:02:43", "text": "But it's really this chart. It's the"}, {"start": "00:02:41", "end": "00:02:45", "text": "Bitcoin chart zoomed out inverted and"}, {"start": "00:02:43", "end": "00:02:48", "text": "it's an inverse head and shoulders,"}, {"start": "00:02:45", "end": "00:02:50", "text": "right? So this is the right shoulder and"}, {"start": "00:02:48", "end": "00:02:52", "text": "this is the breakout."}, {"start": "00:02:50", "end": "00:02:56", "text": "So if you look at that chart that was"}, {"start": "00:02:52", "end": "00:02:58", "text": "2024, September 2024, you see this this"}, {"start": "00:02:56", "end": "00:03:00", "text": "area? This is that area where maybe it"}, {"start": "00:02:58", "end": "00:03:02", "text": "could have been some type of handle of a"}, {"start": "00:03:00", "end": "00:03:04", "text": "cup and handle. In this video, we were"}, {"start": "00:03:02", "end": "00:03:06", "text": "exploring it as a right shoulder setup,"}, {"start": "00:03:04", "end": "00:03:08", "text": "right, for a breakout. Now, here's where"}, {"start": "00:03:06", "end": "00:03:10", "text": "things get crazy. If you go to Bitcoin"}, {"start": "00:03:08", "end": "00:03:12", "text": "right now, if we think back September"}, {"start": "00:03:10", "end": "00:03:16", "text": "2024, I'm doing that video right around"}, {"start": "00:03:12", "end": "00:03:18", "text": "here. The breakout happened of the"}, {"start": "00:03:16", "end": "00:03:19", "text": "inverse head and shoulder multi-year"}, {"start": "00:03:18", "end": "00:03:23", "text": "inverse head and shoulders. You know"}, {"start": "00:03:19", "end": "00:03:25", "text": "what's happening right now? A retest of"}, {"start": "00:03:23", "end": "00:03:28", "text": "the neckline of that massive pattern"}, {"start": "00:03:25", "end": "00:03:31", "text": "from 2024 that we were discussing. That"}, {"start": "00:03:28", "end": "00:03:33", "text": "is a very big deal just from a technical"}, {"start": "00:03:31", "end": "00:03:35", "text": "analysis perspective on the macro. when"}, {"start": "00:03:33", "end": "00:03:37", "text": "we think of macro cycles from a"}, {"start": "00:03:35", "end": "00:03:39", "text": "technical analysis perspective, but now"}, {"start": "00:03:37", "end": "00:03:41", "text": "we actually start thinking about it in"}, {"start": "00:03:39", "end": "00:03:44", "text": "terms of the macroeconomic data that"}, {"start": "00:03:41", "end": "00:03:47", "text": "I've been discussing. QT just ending"}, {"start": "00:03:44", "end": "00:03:50", "text": "right in December 2025. We're in a post"}, {"start": "00:03:47", "end": "00:03:53", "text": "QT dip similar to 2019 move that"}, {"start": "00:03:50", "end": "00:03:56", "text": "happened at the end of 2019. So now we"}, {"start": "00:03:53", "end": "00:03:58", "text": "have a macro multi-year pattern which is"}, {"start": "00:03:56", "end": "00:03:59", "text": "the inverse head and shoulders setup."}, {"start": "00:03:58", "end": "00:04:01", "text": "And I just want to discuss where it is"}, {"start": "00:03:59", "end": "00:04:03", "text": "right now. And I want to discuss if the"}, {"start": "00:04:01", "end": "00:04:05", "text": "support fails, this throwback that we"}, {"start": "00:04:03", "end": "00:04:07", "text": "have right now at support. If it fails,"}, {"start": "00:04:05", "end": "00:04:09", "text": "I do want to discuss that. But what's"}, {"start": "00:04:07", "end": "00:04:12", "text": "very notable, I think, is if you can"}, {"start": "00:04:09", "end": "00:04:14", "text": "even go back to last cycle, you can see"}, {"start": "00:04:12", "end": "00:04:17", "text": "Bitcoin when it bottomed out or I should"}, {"start": "00:04:14", "end": "00:04:19", "text": "say in thinking about last cycle, really"}, {"start": "00:04:17", "end": "00:04:23", "text": "what I'm talking about is 2017, 2018,"}, {"start": "00:04:19", "end": "00:04:26", "text": "that high right there. Bitcoin in 2022"}, {"start": "00:04:23", "end": "00:04:27", "text": "retested that area, right? Think about"}, {"start": "00:04:26", "end": "00:04:29", "text": "that."}, {"start": "00:04:27", "end": "00:04:33", "text": "We were in a we were in this kind of"}, {"start": "00:04:29", "end": "00:04:34", "text": "time where in 2022, Bitcoin's at"}, {"start": "00:04:33", "end": "00:04:37", "text": "$15,000."}, {"start": "00:04:34", "end": "00:04:40", "text": "People probably complaining, \"Oh, look"}, {"start": "00:04:37", "end": "00:04:42", "text": "at this. Five years later, we're at the"}, {"start": "00:04:40", "end": "00:04:44", "text": "same price as 2017.\" People are doing"}, {"start": "00:04:42", "end": "00:04:46", "text": "that on all coins right now. Welcome to"}, {"start": "00:04:44", "end": "00:04:49", "text": "crypto cycles. Welcome to the zoomed in"}, {"start": "00:04:46", "end": "00:04:51", "text": "mindset, not realizing the long-term"}, {"start": "00:04:49", "end": "00:04:53", "text": "multicycle, multi-year growth of higher"}, {"start": "00:04:51", "end": "00:04:56", "text": "highs and higher lows in a space like"}, {"start": "00:04:53", "end": "00:04:57", "text": "this. But same exact thing, right? Oh,"}, {"start": "00:04:56", "end": "00:05:02", "text": "we're we're testing the same price as"}, {"start": "00:04:57", "end": "00:05:04", "text": "2017. Bitcoin's not doing anything"}, {"start": "00:05:02", "end": "00:05:06", "text": "right here, even just very recently in"}, {"start": "00:05:04", "end": "00:05:09", "text": "February. Ah, Bitcoin's testing the same"}, {"start": "00:05:06", "end": "00:05:12", "text": "price as it was in 2021. And we're"}, {"start": "00:05:09", "end": "00:05:16", "text": "talking 2026 now. Testing the same price"}, {"start": "00:05:12", "end": "00:05:18", "text": "as 2021. What a surprise. Bitcoin's not"}, {"start": "00:05:16", "end": "00:05:22", "text": "doing anything. Everybody was saying"}, {"start": "00:05:18", "end": "00:05:25", "text": "that at $15,000 about 2017, I'm sure now"}, {"start": "00:05:22", "end": "00:05:28", "text": "it's 2026. Everybody's saying it around"}, {"start": "00:05:25", "end": "00:05:30", "text": "60,000. We're in the same price as 2021."}, {"start": "00:05:28", "end": "00:05:33", "text": "It's this is repeat. And this happens on"}, {"start": "00:05:30", "end": "00:05:34", "text": "a more drastic scale on altcoins, by the"}, {"start": "00:05:33", "end": "00:05:36", "text": "way. So, if you're an altcoin holder,"}, {"start": "00:05:34", "end": "00:05:38", "text": "this is incredibly relevant to you"}, {"start": "00:05:36", "end": "00:05:40", "text": "because it's even worse when it comes to"}, {"start": "00:05:38", "end": "00:05:43", "text": "altcoins and how those charts look right"}, {"start": "00:05:40", "end": "00:05:45", "text": "now. So, with that being said, we are"}, {"start": "00:05:43", "end": "00:05:47", "text": "actually testing this previous range."}, {"start": "00:05:45", "end": "00:05:49", "text": "Bitcoin did it testing this range of the"}, {"start": "00:05:47", "end": "00:05:53", "text": "all-time high, previous all-time high,"}, {"start": "00:05:49", "end": "00:05:55", "text": "cycle high back here, 2022. Right now"}, {"start": "00:05:53", "end": "00:05:59", "text": "it's been doing that at this low testing"}, {"start": "00:05:55", "end": "00:06:03", "text": "last cycle's high right in 2021. That is"}, {"start": "00:05:59", "end": "00:06:05", "text": "interesting. You you sprinkle in 2018"}, {"start": "00:06:03", "end": "00:06:08", "text": "200 week moving average support. We have"}, {"start": "00:06:05", "end": "00:06:10", "text": "200E moving average support. That"}, {"start": "00:06:08", "end": "00:06:12", "text": "becomes compelling. So the support"}, {"start": "00:06:10", "end": "00:06:15", "text": "there, the throwback support before"}, {"start": "00:06:12", "end": "00:06:17", "text": "continuation into a bull move, the the"}, {"start": "00:06:15", "end": "00:06:20", "text": "real bull move that crypto holders have"}, {"start": "00:06:17", "end": "00:06:23", "text": "been waiting years for, that's there."}, {"start": "00:06:20", "end": "00:06:25", "text": "That setup is there. And I don't know"}, {"start": "00:06:23", "end": "00:06:27", "text": "how it will play out. We'll track this."}, {"start": "00:06:25", "end": "00:06:30", "text": "What I do want to say is this, and this"}, {"start": "00:06:27", "end": "00:06:32", "text": "could probably actually play into"}, {"start": "00:06:30", "end": "00:06:34", "text": "potentially if the four-year cycle"}, {"start": "00:06:32", "end": "00:06:37", "text": "people are right and Bitcoin just like"}, {"start": "00:06:34", "end": "00:06:38", "text": "goes lower for the rest of this year,"}, {"start": "00:06:37", "end": "00:06:40", "text": "this could be something to look out for."}, {"start": "00:06:38", "end": "00:06:41", "text": "And I want to introduce this to you. I"}, {"start": "00:06:40", "end": "00:06:43", "text": "don't want to just sit here and be like,"}, {"start": "00:06:41", "end": "00:06:45", "text": "man, we're at we're at trend line,"}, {"start": "00:06:43", "end": "00:06:48", "text": "neckline support of the throwback. We're"}, {"start": "00:06:45", "end": "00:06:50", "text": "about to go parabolic. That's in play."}, {"start": "00:06:48", "end": "00:06:52", "text": "It's in play that Bitcoin sees support"}, {"start": "00:06:50", "end": "00:06:53", "text": "and it continues to the upside."}, {"start": "00:06:52", "end": "00:06:55", "text": "Obviously, there could be volatility"}, {"start": "00:06:53", "end": "00:06:57", "text": "along the way. We could retest in the"}, {"start": "00:06:55", "end": "00:07:01", "text": "60s again along the way. I don't know."}, {"start": "00:06:57", "end": "00:07:04", "text": "But this other thought is this in terms"}, {"start": "00:07:01", "end": "00:07:06", "text": "of these bottoming out areas, right? And"}, {"start": "00:07:04", "end": "00:07:09", "text": "I want to actually go back. We can go"}, {"start": "00:07:06", "end": "00:07:13", "text": "back to this high in 2013. If we take a"}, {"start": "00:07:09", "end": "00:07:16", "text": "Fibonacci swing high to swing low, you"}, {"start": "00:07:13", "end": "00:07:18", "text": "see this area right here? That's a"}, {"start": "00:07:16", "end": "00:07:25", "text": "Fibonacci"}, {"start": "00:07:18", "end": "00:07:27", "text": "um area of like 220 $220 $186."}, {"start": "00:07:25", "end": "00:07:29", "text": "That's a compelling area, right? In"}, {"start": "00:07:27", "end": "00:07:30", "text": "terms of what Bitcoin did in terms of"}, {"start": "00:07:29", "end": "00:07:32", "text": "this massive throwback. So, what I want"}, {"start": "00:07:30", "end": "00:07:35", "text": "to do now is I want to go and I want to"}, {"start": "00:07:32", "end": "00:07:37", "text": "take this swing high. So, we're looking"}, {"start": "00:07:35", "end": "00:07:39", "text": "at"}, {"start": "00:07:37", "end": "00:07:41", "text": "2018 swing high or whatever to swing"}, {"start": "00:07:39", "end": "00:07:45", "text": "low. And I want to bring this Fibonacci"}, {"start": "00:07:41", "end": "00:07:49", "text": "over 2022, right in that range, that"}, {"start": "00:07:45", "end": "00:07:51", "text": "Fibonacci, right? The 786 to 618. And"}, {"start": "00:07:49", "end": "00:07:55", "text": "then what I want to do is I want to go"}, {"start": "00:07:51", "end": "00:07:58", "text": "from the 2021 swing high. And we can"}, {"start": "00:07:55", "end": "00:08:01", "text": "look at 2021 to to that swing low. And"}, {"start": "00:07:58", "end": "00:08:03", "text": "then we have another Fibonacci down"}, {"start": "00:08:01", "end": "00:08:05", "text": "here. Right? So, we have this first"}, {"start": "00:08:03", "end": "00:08:07", "text": "green rectangle up here, which is"}, {"start": "00:08:05", "end": "00:08:09", "text": "basically this throwback support, this"}, {"start": "00:08:07", "end": "00:08:11", "text": "neckline range, all-time high range of"}, {"start": "00:08:09", "end": "00:08:14", "text": "last cycle. That's what we're evaluating"}, {"start": "00:08:11", "end": "00:08:16", "text": "now. If it all failed, what I'm saying"}, {"start": "00:08:14", "end": "00:08:18", "text": "is from a cycle perspective, and this"}, {"start": "00:08:16", "end": "00:08:20", "text": "again could play into maybe the bears"}, {"start": "00:08:18", "end": "00:08:24", "text": "are really, they're right. Right. And we"}, {"start": "00:08:20", "end": "00:08:27", "text": "don't bottom till Q4 of 2026, and"}, {"start": "00:08:24", "end": "00:08:30", "text": "Bitcoin just keeps falling into this"}, {"start": "00:08:27", "end": "00:08:33", "text": "range. This could be that failsafe"}, {"start": "00:08:30", "end": "00:08:34", "text": "long-term macro range to look out for."}, {"start": "00:08:33", "end": "00:08:38", "text": "And I want to give you this scenario."}, {"start": "00:08:34", "end": "00:08:41", "text": "It's like 48,000 to $57,000"}, {"start": "00:08:38", "end": "00:08:43", "text": "maybe. Yeah. 56 $57,000. That's the"}, {"start": "00:08:41", "end": "00:08:45", "text": "range to the downside if this massive"}, {"start": "00:08:43", "end": "00:08:47", "text": "support that Bitcoin has already bounced"}, {"start": "00:08:45", "end": "00:08:51", "text": "off of confl with the 200E moving"}, {"start": "00:08:47", "end": "00:08:53", "text": "average. if that doesn't hold. And keep"}, {"start": "00:08:51", "end": "00:08:56", "text": "in mind, it might be like a a mix of the"}, {"start": "00:08:53", "end": "00:08:58", "text": "two, meaning this support does hold, but"}, {"start": "00:08:56", "end": "00:08:59", "text": "it's just very wobbly, right? And"}, {"start": "00:08:58", "end": "00:09:02", "text": "Bitcoin continues to test it. Maybe"}, {"start": "00:08:59", "end": "00:09:04", "text": "we're in the lower 60s again. It doesn't"}, {"start": "00:09:02", "end": "00:09:06", "text": "have to get so bad where we're testing"}, {"start": "00:09:04", "end": "00:09:08", "text": "this support down here. But I wanted to"}, {"start": "00:09:06", "end": "00:09:10", "text": "add that into the equation because it is"}, {"start": "00:09:08", "end": "00:09:14", "text": "in play. But what I just generally think"}, {"start": "00:09:10", "end": "00:09:16", "text": "is very intriguing is the fact that a"}, {"start": "00:09:14", "end": "00:09:19", "text": "pattern that we were talking about here"}, {"start": "00:09:16", "end": "00:09:22", "text": "in 2024, the inverse head and shoulders,"}, {"start": "00:09:19", "end": "00:09:24", "text": "it's still going. It's just still going."}, {"start": "00:09:22", "end": "00:09:26", "text": "And that is to say, we broke out to the"}, {"start": "00:09:24", "end": "00:09:29", "text": "upside, did not hit a target to the"}, {"start": "00:09:26", "end": "00:09:31", "text": "upside. We threw back to the neckline,"}, {"start": "00:09:29", "end": "00:09:33", "text": "which is also simultaneously last"}, {"start": "00:09:31", "end": "00:09:34", "text": "cycle's all-time high range. And we're"}, {"start": "00:09:33", "end": "00:09:38", "text": "testing it. And we're testing that"}, {"start": "00:09:34", "end": "00:09:42", "text": "support. This is a multi-year setup. So"}, {"start": "00:09:38", "end": "00:09:44", "text": "it takes multi-months to even find out"}, {"start": "00:09:42", "end": "00:09:45", "text": "what's going to confirm on the macro"}, {"start": "00:09:44", "end": "00:09:47", "text": "bulls or bears. And that's where we are"}, {"start": "00:09:45", "end": "00:09:49", "text": "right now. And so that doesn't really"}, {"start": "00:09:47", "end": "00:09:51", "text": "have much to do with all the other"}, {"start": "00:09:49", "end": "00:09:53", "text": "macroeconomic things that are going on"}, {"start": "00:09:51", "end": "00:09:54", "text": "right now. But this is just really"}, {"start": "00:09:53", "end": "00:09:56", "text": "strictly a technical analysis thing. And"}, {"start": "00:09:54", "end": "00:09:58", "text": "I think that's very interesting and it's"}, {"start": "00:09:56", "end": "00:10:00", "text": "kind of fun to track. So I wanted to"}, {"start": "00:09:58", "end": "00:10:02", "text": "start the week with just kind of a macro"}, {"start": "00:10:00", "end": "00:10:04", "text": "snapshot of what Bitcoin is doing"}, {"start": "00:10:02", "end": "00:10:06", "text": "structurally. And so hopefully it was"}, {"start": "00:10:04", "end": "00:10:08", "text": "valuable to you. If it was, please"}, {"start": "00:10:06", "end": "00:10:09", "text": "subscribe, hit that like button if you"}, {"start": "00:10:08", "end": "00:10:11", "text": "enjoyed the content, and turn"}, {"start": "00:10:09", "end": "00:10:12", "text": "notifications on. I appreciate each and"}, {"start": "00:10:11", "end": "00:10:16", "text": "every one of you. I'll see you in the"}, {"start": "00:10:12", "end": "00:10:16", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Almost every single piece of data is"}, {"start": "00:00:02", "end": "00:00:06", "text": "leaning in the same direction. Every"}, {"start": "00:00:04", "end": "00:00:10", "text": "time Bitcoin has been where it is right"}, {"start": "00:00:06", "end": "00:00:14", "text": "now, it was higher in price 80% of the"}, {"start": "00:00:10", "end": "00:00:14", "text": "time 3 months later."}, {"start": "00:00:16", "end": "00:00:18", "text": "What is up everyone? Welcome to Crypto"}, {"start": "00:00:17", "end": "00:00:20", "text": "Capital Venture. Please hit the"}, {"start": "00:00:18", "end": "00:00:22", "text": "subscribe and like on the way in for the"}, {"start": "00:00:20", "end": "00:00:24", "text": "very best crypto analysis as well as"}, {"start": "00:00:22", "end": "00:00:26", "text": "news. I want to start this video by"}, {"start": "00:00:24", "end": "00:00:28", "text": "going through a few different things"}, {"start": "00:00:26", "end": "00:00:31", "text": "very briefly and then I want to talk"}, {"start": "00:00:28", "end": "00:00:33", "text": "about all the confluence of all of this"}, {"start": "00:00:31", "end": "00:00:35", "text": "data that is coming together right now"}, {"start": "00:00:33", "end": "00:00:36", "text": "in relation to Bitcoin and crypto"}, {"start": "00:00:35", "end": "00:00:39", "text": "cycles."}, {"start": "00:00:36", "end": "00:00:42", "text": "This is copper versus gold. So please"}, {"start": "00:00:39", "end": "00:00:44", "text": "just keep this visualization in mind as"}, {"start": "00:00:42", "end": "00:00:46", "text": "we go through everything we're about to"}, {"start": "00:00:44", "end": "00:00:49", "text": "look at. So this has been a huge"}, {"start": "00:00:46", "end": "00:00:51", "text": "indicator of bull and bare cycles for"}, {"start": "00:00:49", "end": "00:00:54", "text": "crypto. So what I just want to point to"}, {"start": "00:00:51", "end": "00:00:56", "text": "your attention if you look at this RSI"}, {"start": "00:00:54", "end": "00:00:59", "text": "the slower moving momentum oscillator"}, {"start": "00:00:56", "end": "00:01:03", "text": "from April 2021 it has just been falling"}, {"start": "00:00:59", "end": "00:01:05", "text": "in momentum. We are getting a massive"}, {"start": "00:01:03", "end": "00:01:06", "text": "macro breakout on that momentum"}, {"start": "00:01:05", "end": "00:01:08", "text": "oscillator right now. It's been"}, {"start": "00:01:06", "end": "00:01:10", "text": "happening. You can even actually see the"}, {"start": "00:01:08", "end": "00:01:13", "text": "20-month moving average being tested"}, {"start": "00:01:10", "end": "00:01:15", "text": "broken so far for the month. Still four"}, {"start": "00:01:13", "end": "00:01:19", "text": "days left of the month on copper versus"}, {"start": "00:01:15", "end": "00:01:22", "text": "gold. This is a massive massive move. If"}, {"start": "00:01:19", "end": "00:01:24", "text": "you actually go back to November 2020,"}, {"start": "00:01:22", "end": "00:01:26", "text": "this is when Bitcoin was entering its"}, {"start": "00:01:24", "end": "00:01:28", "text": "last bull market, last cycle in November"}, {"start": "00:01:26", "end": "00:01:30", "text": "2020. If you remember, that was a move"}, {"start": "00:01:28", "end": "00:01:33", "text": "that was happening. Then if we go back"}, {"start": "00:01:30", "end": "00:01:38", "text": "to our momentum oscillators, look at the"}, {"start": "00:01:33", "end": "00:01:40", "text": "MACD on copper versus gold. Again, this"}, {"start": "00:01:38", "end": "00:01:41", "text": "is such a meaningful chart, and we're"}, {"start": "00:01:40", "end": "00:01:43", "text": "going to go through a bunch of charts,"}, {"start": "00:01:41", "end": "00:01:46", "text": "but this is such a meaningful chart in"}, {"start": "00:01:43", "end": "00:01:48", "text": "relation to cycles. Look at this"}, {"start": "00:01:46", "end": "00:01:50", "text": "suppression on copper versus gold."}, {"start": "00:01:48", "end": "00:01:53", "text": "There's a very simple explanation for"}, {"start": "00:01:50", "end": "00:01:55", "text": "that, but we just had the MACD line on"}, {"start": "00:01:53", "end": "00:01:57", "text": "copper versus gold make this powerful"}, {"start": "00:01:55", "end": "00:02:00", "text": "move above the signal line that you see"}, {"start": "00:01:57", "end": "00:02:03", "text": "in red as well as the green histogram"}, {"start": "00:02:00", "end": "00:02:05", "text": "happening in real time right now. This"}, {"start": "00:02:03", "end": "00:02:07", "text": "is such an important indicator. I can't"}, {"start": "00:02:05", "end": "00:02:10", "text": "highlight this indicator enough. And"}, {"start": "00:02:07", "end": "00:02:13", "text": "lastly, what I want to show you overlaid"}, {"start": "00:02:10", "end": "00:02:18", "text": "in blue and there's no coincidence here."}, {"start": "00:02:13", "end": "00:02:20", "text": "The correlation of copper gold and PMI"}, {"start": "00:02:18", "end": "00:02:23", "text": "PMI and blue that is the business cycle."}, {"start": "00:02:20", "end": "00:02:25", "text": "There is such a correlation here and it"}, {"start": "00:02:23", "end": "00:02:27", "text": "has everything to do with crypto cycles"}, {"start": "00:02:25", "end": "00:02:30", "text": "everybody. So that is number one. This"}, {"start": "00:02:27", "end": "00:02:32", "text": "is copper versus gold. Simultaneously"}, {"start": "00:02:30", "end": "00:02:36", "text": "right now we have and we've been talking"}, {"start": "00:02:32", "end": "00:02:38", "text": "about this for a very long time. Finally"}, {"start": "00:02:36", "end": "00:02:40", "text": "Russell 2000 going into price discovery."}, {"start": "00:02:38", "end": "00:02:42", "text": "I've been mentioning this a lot. This is"}, {"start": "00:02:40", "end": "00:02:45", "text": "recent. This is new. But you can see"}, {"start": "00:02:42", "end": "00:02:48", "text": "Russell 2000 was sideways since last"}, {"start": "00:02:45", "end": "00:02:50", "text": "cycle in 2021. Well, it was down and"}, {"start": "00:02:48", "end": "00:02:55", "text": "sideways, right? Trading in this range"}, {"start": "00:02:50", "end": "00:02:58", "text": "for so long, finally going into"}, {"start": "00:02:55", "end": "00:03:02", "text": "price discovery. Now, this move is a"}, {"start": "00:02:58", "end": "00:03:04", "text": "precursor to crypto bull markets. And so"}, {"start": "00:03:02", "end": "00:03:08", "text": "we have crypto, we have copper versus"}, {"start": "00:03:04", "end": "00:03:11", "text": "gold, we have Russell 2000,"}, {"start": "00:03:08", "end": "00:03:13", "text": "both suppressed for years just now"}, {"start": "00:03:11", "end": "00:03:15", "text": "breaking out."}, {"start": "00:03:13", "end": "00:03:18", "text": "Why is that happening? If you watch my"}, {"start": "00:03:15", "end": "00:03:20", "text": "videos, you know a big reason is I mean"}, {"start": "00:03:18", "end": "00:03:23", "text": "most of the reason is the suppressed"}, {"start": "00:03:20", "end": "00:03:26", "text": "business cycle. So before I get into"}, {"start": "00:03:23", "end": "00:03:27", "text": "this this 80% of the time after three"}, {"start": "00:03:26", "end": "00:03:29", "text": "months and the confluence of technical"}, {"start": "00:03:27", "end": "00:03:31", "text": "indicators for Bitcoin and really just"}, {"start": "00:03:29", "end": "00:03:35", "text": "crypto cycles in general, I just want to"}, {"start": "00:03:31", "end": "00:03:38", "text": "explain this to you again."}, {"start": "00:03:35", "end": "00:03:41", "text": "This business cycle theory, the PMI that"}, {"start": "00:03:38", "end": "00:03:44", "text": "you see here, over 400 surveys in terms"}, {"start": "00:03:41", "end": "00:03:46", "text": "of manufacturing data, we're looking for"}, {"start": "00:03:44", "end": "00:03:48", "text": "economic growth versus contraction"}, {"start": "00:03:46", "end": "00:03:50", "text": "because it's been in contraction. When"}, {"start": "00:03:48", "end": "00:03:54", "text": "we think of Russell 2000, how is it"}, {"start": "00:03:50", "end": "00:03:57", "text": "trading down or sideways since 2021, the"}, {"start": "00:03:54", "end": "00:04:01", "text": "same price? It's because of this. The"}, {"start": "00:03:57", "end": "00:04:03", "text": "same is true for Ethereum. I am like"}, {"start": "00:04:01", "end": "00:04:05", "text": "flabbergasted"}, {"start": "00:04:03", "end": "00:04:09", "text": "because of how ugly and sideways"}, {"start": "00:04:05", "end": "00:04:12", "text": "Ethereum chart is. How so many Ethereum"}, {"start": "00:04:09", "end": "00:04:14", "text": "OGs are giving up now and they're"}, {"start": "00:04:12", "end": "00:04:17", "text": "they're they're just they're they're"}, {"start": "00:04:14", "end": "00:04:20", "text": "bailing. They're jumping ship because of"}, {"start": "00:04:17", "end": "00:04:23", "text": "what's happening on this chart. I think"}, {"start": "00:04:20", "end": "00:04:25", "text": "there's going to be a massive surprise"}, {"start": "00:04:23", "end": "00:04:27", "text": "when it comes to what this chart does."}, {"start": "00:04:25", "end": "00:04:29", "text": "And I'm not saying I'm just like I'm so"}, {"start": "00:04:27", "end": "00:04:32", "text": "bullish on Ethereum. It's my coin. It's"}, {"start": "00:04:29", "end": "00:04:34", "text": "not. But I'm just saying it has nothing"}, {"start": "00:04:32", "end": "00:04:36", "text": "to do with Ethereum Foundation. What's"}, {"start": "00:04:34", "end": "00:04:37", "text": "happening on this chart? It has"}, {"start": "00:04:36", "end": "00:04:39", "text": "everything to do with the business cycle"}, {"start": "00:04:37", "end": "00:04:41", "text": "is my point. So we go back to this"}, {"start": "00:04:39", "end": "00:04:43", "text": "chart. This is the PMI, the business"}, {"start": "00:04:41", "end": "00:04:45", "text": "cycle. What I just want to tell you is"}, {"start": "00:04:43", "end": "00:04:48", "text": "this."}, {"start": "00:04:45", "end": "00:04:52", "text": "The case for a productivity economic"}, {"start": "00:04:48", "end": "00:04:54", "text": "expansion boom is very much there large"}, {"start": "00:04:52", "end": "00:04:57", "text": "part due to AI. But we also need to"}, {"start": "00:04:54", "end": "00:04:59", "text": "think about shorter term things, midterm"}, {"start": "00:04:57", "end": "00:05:00", "text": "things right now. And I I want to bring"}, {"start": "00:04:59", "end": "00:05:02", "text": "this up because it's so important"}, {"start": "00:05:00", "end": "00:05:03", "text": "especially when we're thinking about"}, {"start": "00:05:02", "end": "00:05:05", "text": "things like crypto and Bitcoin and"}, {"start": "00:05:03", "end": "00:05:06", "text": "everything we're about to look at right"}, {"start": "00:05:05", "end": "00:05:09", "text": "now."}, {"start": "00:05:06", "end": "00:05:10", "text": "The the thought is, and I want to be on"}, {"start": "00:05:09", "end": "00:05:12", "text": "the PMI chart, the business cycle"}, {"start": "00:05:10", "end": "00:05:14", "text": "expansion chart that we're that we're"}, {"start": "00:05:12", "end": "00:05:16", "text": "anticipating,"}, {"start": "00:05:14", "end": "00:05:20", "text": "the thought is, man, it's just kind of"}, {"start": "00:05:16", "end": "00:05:25", "text": "game over. Like, because"}, {"start": "00:05:20", "end": "00:05:27", "text": "the inflation story is back 100%. Right?"}, {"start": "00:05:25", "end": "00:05:29", "text": "But the thing is"}, {"start": "00:05:27", "end": "00:05:33", "text": "all the headlines and most of the posts"}, {"start": "00:05:29", "end": "00:05:36", "text": "that I see in relation to inflation"}, {"start": "00:05:33", "end": "00:05:38", "text": "talk about or at least the assumption is"}, {"start": "00:05:36", "end": "00:05:41", "text": "it's just long-term inflation is here"}, {"start": "00:05:38", "end": "00:05:44", "text": "and it's just too hard to deal with. And"}, {"start": "00:05:41", "end": "00:05:48", "text": "I just I just see it so differently in"}, {"start": "00:05:44", "end": "00:05:50", "text": "in in light of the inflation uptick that"}, {"start": "00:05:48", "end": "00:05:54", "text": "we've seen recently has been very much"}, {"start": "00:05:50", "end": "00:05:56", "text": "in large part in most part due to the"}, {"start": "00:05:54", "end": "00:06:00", "text": "short-term volatility of the Middle East"}, {"start": "00:05:56", "end": "00:06:02", "text": "war and what that has done to energy."}, {"start": "00:06:00", "end": "00:06:06", "text": "Right? A huge part of our inflation"}, {"start": "00:06:02", "end": "00:06:08", "text": "increase or uptick is because of the"}, {"start": "00:06:06", "end": "00:06:11", "text": "price of oil and that is playing so"}, {"start": "00:06:08", "end": "00:06:13", "text": "heavily into the inflation story. But in"}, {"start": "00:06:11", "end": "00:06:16", "text": "my opinion, I don't think that's going"}, {"start": "00:06:13", "end": "00:06:19", "text": "to be a prolonged thing. So what I'm"}, {"start": "00:06:16", "end": "00:06:21", "text": "trying to say is once the war ends and"}, {"start": "00:06:19", "end": "00:06:24", "text": "oil starts coming back down, we're going"}, {"start": "00:06:21", "end": "00:06:25", "text": "to get back into the entire thing that"}, {"start": "00:06:24", "end": "00:06:28", "text": "we were already starting to see, which"}, {"start": "00:06:25", "end": "00:06:32", "text": "is disinflation, right? We're going to"}, {"start": "00:06:28", "end": "00:06:34", "text": "see inflation come back down and all of"}, {"start": "00:06:32", "end": "00:06:36", "text": "the assumptions of like this long-term"}, {"start": "00:06:34", "end": "00:06:39", "text": "struggle of inflation and the long-term"}, {"start": "00:06:36", "end": "00:06:42", "text": "struggle of the economy. Because if we"}, {"start": "00:06:39", "end": "00:06:45", "text": "get disinflation because the war ends as"}, {"start": "00:06:42", "end": "00:06:48", "text": "well as alongside the AI productivity"}, {"start": "00:06:45", "end": "00:06:52", "text": "boom, it's been yearover-year growth in"}, {"start": "00:06:48", "end": "00:06:53", "text": "terms of capex, right? The amount of"}, {"start": "00:06:52", "end": "00:06:58", "text": "money and capital that's being poured"}, {"start": "00:06:53", "end": "00:07:00", "text": "into AI because of its productivity. I"}, {"start": "00:06:58", "end": "00:07:02", "text": "was talking to a neighbor recently. It's"}, {"start": "00:07:00", "end": "00:07:04", "text": "like"}, {"start": "00:07:02", "end": "00:07:07", "text": "you they can't keep up. Companies can't"}, {"start": "00:07:04", "end": "00:07:09", "text": "keep up with demand."}, {"start": "00:07:07", "end": "00:07:11", "text": "And so that is something that is just"}, {"start": "00:07:09", "end": "00:07:12", "text": "happening behind the scenes that I don't"}, {"start": "00:07:11", "end": "00:07:15", "text": "think a lot of people are paying"}, {"start": "00:07:12", "end": "00:07:17", "text": "attention to and I am and I want to be"}, {"start": "00:07:15", "end": "00:07:19", "text": "and I want to be es especially as copper"}, {"start": "00:07:17", "end": "00:07:22", "text": "versus gold is doing this especially as"}, {"start": "00:07:19", "end": "00:07:25", "text": "Russell 2000 is doing this because put"}, {"start": "00:07:22", "end": "00:07:28", "text": "aside AI productivity boom these are the"}, {"start": "00:07:25", "end": "00:07:30", "text": "things that were happening prior to"}, {"start": "00:07:28", "end": "00:07:33", "text": "every crypto bull cycle basically and"}, {"start": "00:07:30", "end": "00:07:36", "text": "these things are happening right now. So"}, {"start": "00:07:33", "end": "00:07:39", "text": "we can anticipate there's a very strong"}, {"start": "00:07:36", "end": "00:07:42", "text": "case and it's not a guarantee that if"}, {"start": "00:07:39", "end": "00:07:44", "text": "the war ends and we start seeing oil"}, {"start": "00:07:42", "end": "00:07:48", "text": "come back down and we start seeing even"}, {"start": "00:07:44", "end": "00:07:50", "text": "a loosening of the the the the thing"}, {"start": "00:07:48", "end": "00:07:52", "text": "that's kind of have a that has a"}, {"start": "00:07:50", "end": "00:07:54", "text": "chokeold on the economy right now that"}, {"start": "00:07:52", "end": "00:07:57", "text": "is gas that starts loosening while we"}, {"start": "00:07:54", "end": "00:08:01", "text": "have a a productivity boom that can go"}, {"start": "00:07:57", "end": "00:08:03", "text": "on for years I think we are just at the"}, {"start": "00:08:01", "end": "00:08:05", "text": "confluence of something so powerful and"}, {"start": "00:08:03", "end": "00:08:08", "text": "I don't mind saying that I think that"}, {"start": "00:08:05", "end": "00:08:10", "text": "and I could be wrong, right? And I I I"}, {"start": "00:08:08", "end": "00:08:12", "text": "know I can be wrong, but I don't mind"}, {"start": "00:08:10", "end": "00:08:14", "text": "looking at all these pieces of data and"}, {"start": "00:08:12", "end": "00:08:16", "text": "laying out this case. Now, what I want"}, {"start": "00:08:14", "end": "00:08:17", "text": "to do is I know I spent some time"}, {"start": "00:08:16", "end": "00:08:19", "text": "talking about these things that I've"}, {"start": "00:08:17", "end": "00:08:20", "text": "been talking about. We've been tracking,"}, {"start": "00:08:19", "end": "00:08:22", "text": "but what I want to do is I want to show"}, {"start": "00:08:20", "end": "00:08:24", "text": "you something. We're going to look at on"}, {"start": "00:08:22", "end": "00:08:27", "text": "the Bitcoin chart the confluence of all"}, {"start": "00:08:24", "end": "00:08:30", "text": "of these technical indicators that have"}, {"start": "00:08:27", "end": "00:08:31", "text": "aligned with bare market bottoms. But I"}, {"start": "00:08:30", "end": "00:08:33", "text": "want to do it in light of this. This is"}, {"start": "00:08:31", "end": "00:08:35", "text": "our risk model in the crypto capital"}, {"start": "00:08:33", "end": "00:08:37", "text": "venture intelligence system."}, {"start": "00:08:35", "end": "00:08:39", "text": "Here's where our Bitcoin is right now"}, {"start": "00:08:37", "end": "00:08:41", "text": "sitting at a 27. Historically at the"}, {"start": "00:08:39", "end": "00:08:45", "text": "risk level of 27, the price was higher"}, {"start": "00:08:41", "end": "00:08:48", "text": "80% of the time after 3 months and 99%"}, {"start": "00:08:45", "end": "00:08:50", "text": "of the time after one year. This I want"}, {"start": "00:08:48", "end": "00:08:53", "text": "to make a huge note. I want to highlight"}, {"start": "00:08:50", "end": "00:08:56", "text": "this and that is to say this is not a"}, {"start": "00:08:53", "end": "00:08:59", "text": "prediction. This our risk models are not"}, {"start": "00:08:56", "end": "00:09:02", "text": "predictive. They are showing you when"}, {"start": "00:08:59", "end": "00:09:04", "text": "Bitcoin was here. And this the Bitcoin"}, {"start": "00:09:02", "end": "00:09:08", "text": "chart has the most chart most charting"}, {"start": "00:09:04", "end": "00:09:10", "text": "data most data across all of our crypto"}, {"start": "00:09:08", "end": "00:09:13", "text": "models. Obviously, this is going back to"}, {"start": "00:09:10", "end": "00:09:17", "text": "2010. Every time across all these"}, {"start": "00:09:13", "end": "00:09:20", "text": "cycles, Bitcoin was here at a 27. It's"}, {"start": "00:09:17", "end": "00:09:23", "text": "just telling you 80% of the time after 3"}, {"start": "00:09:20", "end": "00:09:24", "text": "months price was higher. 99% of the time"}, {"start": "00:09:23", "end": "00:09:26", "text": "after one year. That doesn't mean it's"}, {"start": "00:09:24", "end": "00:09:28", "text": "absolutely going to happen again. It's"}, {"start": "00:09:26", "end": "00:09:30", "text": "not predictive. But this is telling you"}, {"start": "00:09:28", "end": "00:09:34", "text": "what has happened. The thing that's"}, {"start": "00:09:30", "end": "00:09:37", "text": "powerful about it is using a risk model"}, {"start": "00:09:34", "end": "00:09:40", "text": "like that that is based off of our risk"}, {"start": "00:09:37", "end": "00:09:42", "text": "algorithm, emerging asset theory, game"}, {"start": "00:09:40", "end": "00:09:44", "text": "theory, price volatility and volume. You"}, {"start": "00:09:42", "end": "00:09:46", "text": "know what the thing that's powerful"}, {"start": "00:09:44", "end": "00:09:49", "text": "about this at this very moment? This"}, {"start": "00:09:46", "end": "00:09:54", "text": "risk score is happening while copper"}, {"start": "00:09:49", "end": "00:09:57", "text": "gold is doing this while PMI is doing"}, {"start": "00:09:54", "end": "00:09:59", "text": "this while Russell 2000 is just going"}, {"start": "00:09:57", "end": "00:10:02", "text": "into price discovery. These are things"}, {"start": "00:09:59", "end": "00:10:04", "text": "that have been the precursor to every"}, {"start": "00:10:02", "end": "00:10:06", "text": "bull market in crypto. That's what's"}, {"start": "00:10:04", "end": "00:10:08", "text": "powerful about the risk model,"}, {"start": "00:10:06", "end": "00:10:10", "text": "especially right now sitting at a 27."}, {"start": "00:10:08", "end": "00:10:12", "text": "And you could probably go to all of our"}, {"start": "00:10:10", "end": "00:10:14", "text": "altcoins, most of them, and you can get"}, {"start": "00:10:12", "end": "00:10:16", "text": "a similar story playing out right now."}, {"start": "00:10:14", "end": "00:10:18", "text": "What I want to do though is I want to"}, {"start": "00:10:16", "end": "00:10:21", "text": "dig even deeper than that. Not just the"}, {"start": "00:10:18", "end": "00:10:24", "text": "the coming together of these macro"}, {"start": "00:10:21", "end": "00:10:26", "text": "things, copper, gold, PMI, Russell 2000."}, {"start": "00:10:24", "end": "00:10:29", "text": "I want to go deeper than that right now."}, {"start": "00:10:26", "end": "00:10:30", "text": "Not just the risk score of 27 and 80% of"}, {"start": "00:10:29", "end": "00:10:33", "text": "the time after 3 months price was"}, {"start": "00:10:30", "end": "00:10:35", "text": "higher. 99% of the time after one year"}, {"start": "00:10:33", "end": "00:10:37", "text": "price was higher. I want to go to the"}, {"start": "00:10:35", "end": "00:10:40", "text": "Bitcoin chart and I want to look at"}, {"start": "00:10:37", "end": "00:10:43", "text": "something with you and I want to I want"}, {"start": "00:10:40", "end": "00:10:47", "text": "to kind of pivot the entire"}, {"start": "00:10:43", "end": "00:10:51", "text": "chart around one area and it's actually"}, {"start": "00:10:47", "end": "00:10:52", "text": "right here. It's the MAC D. So if you"}, {"start": "00:10:51", "end": "00:10:54", "text": "look at the MACD, this downtrend that"}, {"start": "00:10:52", "end": "00:10:56", "text": "has been going on right from the swing"}, {"start": "00:10:54", "end": "00:11:00", "text": "high, you see this MACD line making its"}, {"start": "00:10:56", "end": "00:11:04", "text": "way just capitulating this first light"}, {"start": "00:11:00", "end": "00:11:07", "text": "red on the histogram, right? It's like"}, {"start": "00:11:04", "end": "00:11:09", "text": "the that downtrend of momentum needs to"}, {"start": "00:11:07", "end": "00:11:11", "text": "slow down, like pumping the brakes. You"}, {"start": "00:11:09", "end": "00:11:12", "text": "can think of this like the brakes are"}, {"start": "00:11:11", "end": "00:11:14", "text": "starting to be pressed on a little bit"}, {"start": "00:11:12", "end": "00:11:16", "text": "finally, right? But you know, when you"}, {"start": "00:11:14", "end": "00:11:19", "text": "when you're going fast and you slam the"}, {"start": "00:11:16", "end": "00:11:21", "text": "brakes, you're still skidding before"}, {"start": "00:11:19", "end": "00:11:23", "text": "finally just stopping and then this and"}, {"start": "00:11:21", "end": "00:11:25", "text": "in this case on Bitcoin, the momentum"}, {"start": "00:11:23", "end": "00:11:28", "text": "finally turning. So that's where we are"}, {"start": "00:11:25", "end": "00:11:31", "text": "now. We're like skidding. But that first"}, {"start": "00:11:28", "end": "00:11:33", "text": "red histogram, I went back to previous"}, {"start": "00:11:31", "end": "00:11:36", "text": "lows, right?"}, {"start": "00:11:33", "end": "00:11:38", "text": "And when I zoom out, right, if we think"}, {"start": "00:11:36", "end": "00:11:40", "text": "of last cycle when the histogram was"}, {"start": "00:11:38", "end": "00:11:42", "text": "doing this and turning light red for the"}, {"start": "00:11:40", "end": "00:11:45", "text": "first time, look at the MACD, the"}, {"start": "00:11:42", "end": "00:11:48", "text": "momentum. This was this was a bottoming"}, {"start": "00:11:45", "end": "00:11:50", "text": "out of Bitcoin at that moment. Look at"}, {"start": "00:11:48", "end": "00:11:52", "text": "the stock RSI, a quicker moving momentum"}, {"start": "00:11:50", "end": "00:11:57", "text": "oscillator. It was the bottoming out of"}, {"start": "00:11:52", "end": "00:12:00", "text": "Bitcoin at that moment. And it was that"}, {"start": "00:11:57", "end": "00:12:03", "text": "slow turning around of Bitcoin. I want"}, {"start": "00:12:00", "end": "00:12:07", "text": "to point out to you, it took around 243"}, {"start": "00:12:03", "end": "00:12:10", "text": "days from that that first light red"}, {"start": "00:12:07", "end": "00:12:11", "text": "histogram, not for Bitcoin to start"}, {"start": "00:12:10", "end": "00:12:14", "text": "going up because I want to point this"}, {"start": "00:12:11", "end": "00:12:16", "text": "out to you. Bitcoin started going up. In"}, {"start": "00:12:14", "end": "00:12:18", "text": "this case, the bottom was in basically"}, {"start": "00:12:16", "end": "00:12:21", "text": "like a month after it's turned light"}, {"start": "00:12:18", "end": "00:12:23", "text": "red. The bottom was in. It started going"}, {"start": "00:12:21", "end": "00:12:25", "text": "up, but it took 200 over 200 days to"}, {"start": "00:12:23", "end": "00:12:28", "text": "really get this 200 this 20week moving"}, {"start": "00:12:25", "end": "00:12:30", "text": "average. That is a key macro area that"}, {"start": "00:12:28", "end": "00:12:35", "text": "separates in my opinion bull and bare"}, {"start": "00:12:30", "end": "00:12:37", "text": "markets and it took 243 days. If you go"}, {"start": "00:12:35", "end": "00:12:39", "text": "and you look at the previous cycle"}, {"start": "00:12:37", "end": "00:12:41", "text": "before that, so back here in 2019,"}, {"start": "00:12:39", "end": "00:12:43", "text": "right, and you look at Bitcoin, you can"}, {"start": "00:12:41", "end": "00:12:46", "text": "see actually bottoming at the 50-month"}, {"start": "00:12:43", "end": "00:12:49", "text": "moving average in blue. The bottom was"}, {"start": "00:12:46", "end": "00:12:52", "text": "essentially in at that moment and it"}, {"start": "00:12:49", "end": "00:12:55", "text": "took 89 days if you look at this to get"}, {"start": "00:12:52", "end": "00:12:57", "text": "above the 20month moving average in"}, {"start": "00:12:55", "end": "00:12:58", "text": "green and then it came back down."}, {"start": "00:12:57", "end": "00:13:00", "text": "There's the postquantitative tightening"}, {"start": "00:12:58", "end": "00:13:04", "text": "dip I talk about often that I think"}, {"start": "00:13:00", "end": "00:13:07", "text": "we've been in for 2026 because QT ended"}, {"start": "00:13:04", "end": "00:13:10", "text": "this time in December 1st, 2025 and then"}, {"start": "00:13:07", "end": "00:13:12", "text": "we had obviously that consolidation of"}, {"start": "00:13:10", "end": "00:13:15", "text": "the you know COVID but then we had the"}, {"start": "00:13:12", "end": "00:13:18", "text": "bull market that was 89 days from that"}, {"start": "00:13:15", "end": "00:13:19", "text": "move on the histogram. We can go back to"}, {"start": "00:13:18", "end": "00:13:21", "text": "2015"}, {"start": "00:13:19", "end": "00:13:23", "text": "and we look at this data. This was"}, {"start": "00:13:21", "end": "00:13:26", "text": "essentially kind of the bottom, but you"}, {"start": "00:13:23", "end": "00:13:29", "text": "can see just sideways for months, 245"}, {"start": "00:13:26", "end": "00:13:31", "text": "days until that 20-month moving average"}, {"start": "00:13:29", "end": "00:13:33", "text": "was tested. But again, look at the RSI,"}, {"start": "00:13:31", "end": "00:13:35", "text": "slower moving momentum oscillator. Look"}, {"start": "00:13:33", "end": "00:13:37", "text": "at the stock RSI, the quicker moving"}, {"start": "00:13:35", "end": "00:13:39", "text": "momentum oscillator. Both oversold at"}, {"start": "00:13:37", "end": "00:13:41", "text": "that moment. And the moment I'm talking"}, {"start": "00:13:39", "end": "00:13:45", "text": "about is right here. You can see, I know"}, {"start": "00:13:41", "end": "00:13:49", "text": "it's very thin, but the the MACD turning"}, {"start": "00:13:45", "end": "00:13:53", "text": "that just light red. So, every time this"}, {"start": "00:13:49", "end": "00:13:55", "text": "has happened, 2015, 2019,"}, {"start": "00:13:53", "end": "00:13:58", "text": "um, 2022,"}, {"start": "00:13:55", "end": "00:14:00", "text": "it has been the bottom. The amount of"}, {"start": "00:13:58", "end": "00:14:03", "text": "time that it took for that to happen,"}, {"start": "00:14:00", "end": "00:14:05", "text": "that is Bitcoin seeing that confirmation"}, {"start": "00:14:03", "end": "00:14:07", "text": "above the 20-month moving average,"}, {"start": "00:14:05", "end": "00:14:08", "text": "that's been different. The amount of"}, {"start": "00:14:07", "end": "00:14:10", "text": "time now, and you can even see back"}, {"start": "00:14:08", "end": "00:14:12", "text": "here, 243 days, it's really testing it"}, {"start": "00:14:10", "end": "00:14:15", "text": "and still needed a little consolidation,"}, {"start": "00:14:12", "end": "00:14:18", "text": "and then it's above it. Right now,"}, {"start": "00:14:15", "end": "00:14:21", "text": "Bitcoin has turned light red on that"}, {"start": "00:14:18", "end": "00:14:23", "text": "histogram, while Bitcoin on the RSI"}, {"start": "00:14:21", "end": "00:14:26", "text": "oversold in a similar way of these"}, {"start": "00:14:23", "end": "00:14:28", "text": "previous cycles. Bitcoin stock RSI,"}, {"start": "00:14:26", "end": "00:14:30", "text": "quicker moving momentum oscillator"}, {"start": "00:14:28", "end": "00:14:33", "text": "oversold in the same sense of these"}, {"start": "00:14:30", "end": "00:14:35", "text": "previous cycles going back to 2015."}, {"start": "00:14:33", "end": "00:14:37", "text": "There's that light red. Now, the"}, {"start": "00:14:35", "end": "00:14:39", "text": "question is how long? How long until"}, {"start": "00:14:37", "end": "00:14:42", "text": "Bitcoin and you can see the uptrend has"}, {"start": "00:14:39", "end": "00:14:44", "text": "started, right? So this is exactly what"}, {"start": "00:14:42", "end": "00:14:47", "text": "has happened previously. Whether it was"}, {"start": "00:14:44", "end": "00:14:50", "text": "Bitcoin from that moment sideways for"}, {"start": "00:14:47", "end": "00:14:52", "text": "months, starts trending up for months."}, {"start": "00:14:50", "end": "00:14:55", "text": "This is exactly what has happened in"}, {"start": "00:14:52", "end": "00:14:57", "text": "those previous cycles. H how long until"}, {"start": "00:14:55", "end": "00:14:59", "text": "we get above the 20week moving average"}, {"start": "00:14:57", "end": "00:15:00", "text": "on this monthly chart? I'm sorry. I"}, {"start": "00:14:59", "end": "00:15:03", "text": "think I keep saying the 20week. It's a"}, {"start": "00:15:00", "end": "00:15:04", "text": "20-month moving average."}, {"start": "00:15:03", "end": "00:15:06", "text": "20-month moving average. How long until"}, {"start": "00:15:04", "end": "00:15:08", "text": "we get above that area? That's the"}, {"start": "00:15:06", "end": "00:15:10", "text": "question this cycle. But what I want to"}, {"start": "00:15:08", "end": "00:15:12", "text": "point to your attention, and this really"}, {"start": "00:15:10", "end": "00:15:16", "text": "brings everything together in this"}, {"start": "00:15:12", "end": "00:15:19", "text": "video, this PMI chart, the the economic"}, {"start": "00:15:16", "end": "00:15:22", "text": "expansion chart, what's up with that in"}, {"start": "00:15:19", "end": "00:15:25", "text": "these previous moves, right? And if you"}, {"start": "00:15:22", "end": "00:15:27", "text": "go to the chart, we open up our momentum"}, {"start": "00:15:25", "end": "00:15:30", "text": "oscillators, you really start getting an"}, {"start": "00:15:27", "end": "00:15:33", "text": "idea. Check this out. Let's go back here"}, {"start": "00:15:30", "end": "00:15:35", "text": "to 2015,"}, {"start": "00:15:33", "end": "00:15:37", "text": "right? You see Bitcoin doing that"}, {"start": "00:15:35", "end": "00:15:39", "text": "bottoming out in terms of the MACD that"}, {"start": "00:15:37", "end": "00:15:42", "text": "we were looking here's that white line"}, {"start": "00:15:39", "end": "00:15:44", "text": "there is contraction continued"}, {"start": "00:15:42", "end": "00:15:45", "text": "contraction but look right when it's"}, {"start": "00:15:44", "end": "00:15:47", "text": "getting ready to start going to"}, {"start": "00:15:45", "end": "00:15:50", "text": "expansion that's when the move happened"}, {"start": "00:15:47", "end": "00:15:53", "text": "20 move 20-month moving average move and"}, {"start": "00:15:50", "end": "00:15:57", "text": "then we go here and we look at Bitcoin"}, {"start": "00:15:53", "end": "00:15:59", "text": "on this MACD line right check this out"}, {"start": "00:15:57", "end": "00:16:04", "text": "this is exactly where I think we are"}, {"start": "00:15:59", "end": "00:16:07", "text": "this cycle it's this post QT dip from a"}, {"start": "00:16:04", "end": "00:16:11", "text": "macro perspective. We're in that post"}, {"start": "00:16:07", "end": "00:16:14", "text": "QQT dip. And when did Bitcoin not only"}, {"start": "00:16:11", "end": "00:16:16", "text": "obviously get above the 20month moving"}, {"start": "00:16:14", "end": "00:16:19", "text": "average? You can see it happened right"}, {"start": "00:16:16", "end": "00:16:21", "text": "here around uh May 89 days. When did it"}, {"start": "00:16:19", "end": "00:16:24", "text": "start separating? It was in that"}, {"start": "00:16:21", "end": "00:16:26", "text": "expansion of the PMI, that green line."}, {"start": "00:16:24", "end": "00:16:28", "text": "And then I want to go here and I want to"}, {"start": "00:16:26", "end": "00:16:30", "text": "speak to this for a moment. Bitcoin made"}, {"start": "00:16:28", "end": "00:16:32", "text": "the move above the 20month moving"}, {"start": "00:16:30", "end": "00:16:35", "text": "average, right? But there was no"}, {"start": "00:16:32", "end": "00:16:37", "text": "expansion of the of the PMI. What? Why?"}, {"start": "00:16:35", "end": "00:16:43", "text": "Why did that happen? How did that"}, {"start": "00:16:37", "end": "00:16:44", "text": "happen? My thought is this."}, {"start": "00:16:43", "end": "00:16:48", "text": "Bitcoin"}, {"start": "00:16:44", "end": "00:16:50", "text": "started getting this Bitcoin ETF"}, {"start": "00:16:48", "end": "00:16:55", "text": "institutionalization narrative after"}, {"start": "00:16:50", "end": "00:16:58", "text": "just an insane capitulation in 2022."}, {"start": "00:16:55", "end": "00:17:00", "text": "And I think that's this entire move. I"}, {"start": "00:16:58", "end": "00:17:03", "text": "think Bitcoin probably could have likely"}, {"start": "00:17:00", "end": "00:17:05", "text": "if there was none of that just narrative"}, {"start": "00:17:03", "end": "00:17:07", "text": "and Bitcoin ETF narrative probably could"}, {"start": "00:17:05", "end": "00:17:11", "text": "have consolidated way heavier in this"}, {"start": "00:17:07", "end": "00:17:13", "text": "area but it just kept going and so we"}, {"start": "00:17:11", "end": "00:17:16", "text": "can call that a bull market right but my"}, {"start": "00:17:13", "end": "00:17:18", "text": "thought is that wasn't even the bull"}, {"start": "00:17:16", "end": "00:17:20", "text": "market that I think many people are"}, {"start": "00:17:18", "end": "00:17:23", "text": "waiting for the bull market that I think"}, {"start": "00:17:20", "end": "00:17:26", "text": "many people are waiting for happens when"}, {"start": "00:17:23", "end": "00:17:29", "text": "we get PMI expansion"}, {"start": "00:17:26", "end": "00:17:32", "text": "right at the confluence of exiting these"}, {"start": "00:17:29", "end": "00:17:35", "text": "technical areas. And so that is getting"}, {"start": "00:17:32", "end": "00:17:37", "text": "ready to happen in my opinion right now."}, {"start": "00:17:35", "end": "00:17:39", "text": "These these techn these technical"}, {"start": "00:17:37", "end": "00:17:43", "text": "bottoming out areas for Bitcoin. And"}, {"start": "00:17:39", "end": "00:17:44", "text": "it's even more so for just all coins and"}, {"start": "00:17:43", "end": "00:17:46", "text": "crypto in general because when we think"}, {"start": "00:17:44", "end": "00:17:50", "text": "of when we think about things like"}, {"start": "00:17:46", "end": "00:17:53", "text": "Ethereum, Ethereum kind of exited that"}, {"start": "00:17:50", "end": "00:17:56", "text": "that bottom in 2022, but it didn't exit"}, {"start": "00:17:53", "end": "00:17:58", "text": "itself into a bull market. And the"}, {"start": "00:17:56", "end": "00:18:03", "text": "reason being is the same reason why"}, {"start": "00:17:58", "end": "00:18:06", "text": "Russell 2000 out of 2000 2022 bottom was"}, {"start": "00:18:03", "end": "00:18:08", "text": "not entering a bull market, right? It,"}, {"start": "00:18:06", "end": "00:18:11", "text": "you know, Bitcoin was outperforming"}, {"start": "00:18:08", "end": "00:18:13", "text": "Russell 2000 here."}, {"start": "00:18:11", "end": "00:18:16", "text": "But this looks very much like an altcoin"}, {"start": "00:18:13", "end": "00:18:19", "text": "chart, the Russell 2000 on this weekly."}, {"start": "00:18:16", "end": "00:18:21", "text": "And that is because of the PMI. That is"}, {"start": "00:18:19", "end": "00:18:23", "text": "why in my opinion that we haven't we've"}, {"start": "00:18:21", "end": "00:18:25", "text": "we've not seen the Russell 2000 breakout"}, {"start": "00:18:23", "end": "00:18:29", "text": "until recently because now we have the"}, {"start": "00:18:25", "end": "00:18:31", "text": "PMI starting to expand. So all of this"}, {"start": "00:18:29", "end": "00:18:33", "text": "happening while Bitcoin's risk score"}, {"start": "00:18:31", "end": "00:18:36", "text": "sits at a 27. And what I want to show"}, {"start": "00:18:33", "end": "00:18:38", "text": "you is this. In these moments of those"}, {"start": "00:18:36", "end": "00:18:40", "text": "bottoms that we looked at on the chart,"}, {"start": "00:18:38", "end": "00:18:43", "text": "Bitcoin risk model was sitting in"}, {"start": "00:18:40", "end": "00:18:47", "text": "November 2022 around a 17."}, {"start": "00:18:43", "end": "00:18:50", "text": "in February of 2019 sitting at around a"}, {"start": "00:18:47", "end": "00:18:52", "text": "12 and then in 2015 area sitting at"}, {"start": "00:18:50", "end": "00:18:55", "text": "around an eight, right? That's how I"}, {"start": "00:18:52", "end": "00:18:57", "text": "mark these at those technical areas on"}, {"start": "00:18:55", "end": "00:18:59", "text": "the Bitcoin charts."}, {"start": "00:18:57", "end": "00:19:02", "text": "I'm talking about that pivot point, the"}, {"start": "00:18:59", "end": "00:19:06", "text": "MACD. This is where the risk score for"}, {"start": "00:19:02", "end": "00:19:08", "text": "Bitcoin was sitting each time. Each time"}, {"start": "00:19:06", "end": "00:19:12", "text": "in that moment, I'm sure the markets"}, {"start": "00:19:08", "end": "00:19:15", "text": "were probably panicked, scared. It's"}, {"start": "00:19:12", "end": "00:19:18", "text": "game over. But each time it wasn't. And"}, {"start": "00:19:15", "end": "00:19:21", "text": "we are sitting at a 27 right now. Is it"}, {"start": "00:19:18", "end": "00:19:24", "text": "an eight? No. But if you actually zoom"}, {"start": "00:19:21", "end": "00:19:25", "text": "in on the Bitcoin risk model, right? And"}, {"start": "00:19:24", "end": "00:19:27", "text": "let me actually move this over so that"}, {"start": "00:19:25", "end": "00:19:31", "text": "you can see this a little bit better."}, {"start": "00:19:27", "end": "00:19:33", "text": "That's wrong. Look at this."}, {"start": "00:19:31", "end": "00:19:36", "text": "We're not sitting at an eight now. But"}, {"start": "00:19:33", "end": "00:19:37", "text": "keep in mind, we hit a 19 back here in"}, {"start": "00:19:36", "end": "00:19:41", "text": "February."}, {"start": "00:19:37", "end": "00:19:44", "text": "19 over here also in February."}, {"start": "00:19:41", "end": "00:19:47", "text": "And we've just been consolidating since."}, {"start": "00:19:44", "end": "00:19:50", "text": "And we're sitting at a 27 right now. So"}, {"start": "00:19:47", "end": "00:19:52", "text": "this is what if you look at this on the"}, {"start": "00:19:50", "end": "00:19:55", "text": "risk model perspective in terms of this"}, {"start": "00:19:52", "end": "00:19:58", "text": "heat map, this is what just a structured"}, {"start": "00:19:55", "end": "00:20:01", "text": "bottom setup looks like. You can go back"}, {"start": "00:19:58", "end": "00:20:03", "text": "here to 2022. That that green, the light"}, {"start": "00:20:01", "end": "00:20:06", "text": "green, that's what it looks like across"}, {"start": "00:20:03", "end": "00:20:08", "text": "cycles. That's where we are right now."}, {"start": "00:20:06", "end": "00:20:09", "text": "So, I've really just wanted to bring all"}, {"start": "00:20:08", "end": "00:20:12", "text": "this data together to you. I'm going to"}, {"start": "00:20:09", "end": "00:20:14", "text": "keep just presenting to you different"}, {"start": "00:20:12", "end": "00:20:16", "text": "perspectives of how I see these things,"}, {"start": "00:20:14", "end": "00:20:18", "text": "but I think the monthly chart on Bitcoin"}, {"start": "00:20:16", "end": "00:20:20", "text": "is so very telling because it's the"}, {"start": "00:20:18", "end": "00:20:23", "text": "technical indicators lining up with the"}, {"start": "00:20:20", "end": "00:20:26", "text": "macro indicators, lining up with our"}, {"start": "00:20:23", "end": "00:20:28", "text": "risk indicator that is sitting at a 27."}, {"start": "00:20:26", "end": "00:20:31", "text": "The price was higher 80% of the time"}, {"start": "00:20:28", "end": "00:20:33", "text": "after three months, 99% of the time"}, {"start": "00:20:31", "end": "00:20:35", "text": "after one year. So, these are my"}, {"start": "00:20:33", "end": "00:20:36", "text": "thoughts, everybody. I just wanted to"}, {"start": "00:20:35", "end": "00:20:38", "text": "share it with you. I hope you're having"}, {"start": "00:20:36", "end": "00:20:39", "text": "a good day. Hit the subscribe if you're"}, {"start": "00:20:38", "end": "00:20:41", "text": "not a subscriber. Turn notifications on."}, {"start": "00:20:39", "end": "00:20:44", "text": "I will see you in the next video. God"}, {"start": "00:20:41", "end": "00:20:44", "text": "bless."}]

[{"start": "00:00:02", "end": "00:00:08", "text": "I've been doing these videos covering"}, {"start": "00:00:04", "end": "00:00:11", "text": "crypto for like eight and a half years"}, {"start": "00:00:08", "end": "00:00:14", "text": "and I've never seen I've never seen"}, {"start": "00:00:11", "end": "00:00:16", "text": "things so bad. I've never seen crypto"}, {"start": "00:00:14", "end": "00:00:18", "text": "such a mess. I was going to do like a"}, {"start": "00:00:16", "end": "00:00:20", "text": "regular Saturday video. I haven't been"}, {"start": "00:00:18", "end": "00:00:22", "text": "doing live streams a lot, but there's so"}, {"start": "00:00:20", "end": "00:00:23", "text": "much I just I just want to sit here and"}, {"start": "00:00:22", "end": "00:00:25", "text": "talk a little bit because I honestly"}, {"start": "00:00:23", "end": "00:00:27", "text": "don't even know usually have a framework"}, {"start": "00:00:25", "end": "00:00:29", "text": "for how I present everything. I actually"}, {"start": "00:00:27", "end": "00:00:32", "text": "don't even know how how to present"}, {"start": "00:00:29", "end": "00:00:36", "text": "everything to you. Um there's so much"}, {"start": "00:00:32", "end": "00:00:38", "text": "going on right now. Crypto looks like"}, {"start": "00:00:36", "end": "00:00:39", "text": "something I've never seen. So, we're"}, {"start": "00:00:38", "end": "00:00:41", "text": "going to go through a bunch of things."}, {"start": "00:00:39", "end": "00:00:42", "text": "I'm going to look at we're going to do"}, {"start": "00:00:41", "end": "00:00:44", "text": "charts. I want to look at Bitcoin. I"}, {"start": "00:00:42", "end": "00:00:46", "text": "want to look at Ethereum. I want to look"}, {"start": "00:00:44", "end": "00:00:48", "text": "at some altcoins. I do want to talk"}, {"start": "00:00:46", "end": "00:00:51", "text": "about what is going on in terms of price"}, {"start": "00:00:48", "end": "00:00:54", "text": "action. But"}, {"start": "00:00:51", "end": "00:00:56", "text": "just as context to the video,"}, {"start": "00:00:54", "end": "00:00:59", "text": "Ethereum, the number two chain that I"}, {"start": "00:00:56", "end": "00:01:02", "text": "mean until so recently,"}, {"start": "00:00:59", "end": "00:01:05", "text": "just like that,"}, {"start": "00:01:02", "end": "00:01:07", "text": "it it was the sure thing. Ethereum"}, {"start": "00:01:05", "end": "00:01:09", "text": "losing their top builders, their top"}, {"start": "00:01:07", "end": "00:01:10", "text": "content creators. Everybody is turning"}, {"start": "00:01:09", "end": "00:01:12", "text": "their back on Ethereum right now. That"}, {"start": "00:01:10", "end": "00:01:14", "text": "is happening in real time. Cardono"}, {"start": "00:01:12", "end": "00:01:17", "text": "governance drama is very ugly. Sui"}, {"start": "00:01:14", "end": "00:01:19", "text": "crashing, erasing all recent gains. I"}, {"start": "00:01:17", "end": "00:01:22", "text": "want to look at that chart. Trump Truth"}, {"start": "00:01:19", "end": "00:01:25", "text": "Socialing their Bitcoin ETF. Clarity Act"}, {"start": "00:01:22", "end": "00:01:28", "text": "odds of passing is falling now. SEC"}, {"start": "00:01:25", "end": "00:01:31", "text": "delayed their tokenized stocks plan."}, {"start": "00:01:28", "end": "00:01:35", "text": "Massive ETF outflows. Fear is back like"}, {"start": "00:01:31", "end": "00:01:37", "text": "never before. And"}, {"start": "00:01:35", "end": "00:01:41", "text": "I'm telling you and I and I really do"}, {"start": "00:01:37", "end": "00:01:44", "text": "say this with genuine belief."}, {"start": "00:01:41", "end": "00:01:47", "text": "This is not like crypto failing. It is"}, {"start": "00:01:44", "end": "00:01:49", "text": "not crypto being game over at all in my"}, {"start": "00:01:47", "end": "00:01:51", "text": "opinion. Um, but I do want to speak to"}, {"start": "00:01:49", "end": "00:01:54", "text": "each and each and every one of these"}, {"start": "00:01:51", "end": "00:01:55", "text": "things because in my opinion is a very"}, {"start": "00:01:54", "end": "00:01:57", "text": "big deal. So, hit the subscribe if"}, {"start": "00:01:55", "end": "00:01:58", "text": "you're out there. I appreciate you. Hit"}, {"start": "00:01:57", "end": "00:02:00", "text": "that like button if you're out there. I"}, {"start": "00:01:58", "end": "00:02:01", "text": "know these live streams right now on a"}, {"start": "00:02:00", "end": "00:02:04", "text": "Saturday are kind of probably the worst"}, {"start": "00:02:01", "end": "00:02:08", "text": "time to do a live stream, but um would"}, {"start": "00:02:04", "end": "00:02:12", "text": "love to uh just go over everything with"}, {"start": "00:02:08", "end": "00:02:14", "text": "you. It's just crazy, man. I I I I don't"}, {"start": "00:02:12", "end": "00:02:16", "text": "know how I think I don't know if most of"}, {"start": "00:02:14", "end": "00:02:19", "text": "my subscribers are just like people that"}, {"start": "00:02:16", "end": "00:02:22", "text": "don't like my content, but I have I'm"}, {"start": "00:02:19", "end": "00:02:23", "text": "gonna have to start banning people."}, {"start": "00:02:22", "end": "00:02:25", "text": "It's frustrating because it makes it"}, {"start": "00:02:23", "end": "00:02:27", "text": "very difficult to do live stream. I also"}, {"start": "00:02:25", "end": "00:02:30", "text": "only have one screen. We're in a rental"}, {"start": "00:02:27", "end": "00:02:31", "text": "right now as we wait for our our new"}, {"start": "00:02:30", "end": "00:02:33", "text": "build and it's going to be it's going to"}, {"start": "00:02:31", "end": "00:02:36", "text": "be a while. So, doing these live streams"}, {"start": "00:02:33", "end": "00:02:39", "text": "is tough. Um, all right. So, I want to"}, {"start": "00:02:36", "end": "00:02:42", "text": "start the video with this. This is a"}, {"start": "00:02:39", "end": "00:02:46", "text": "post I saw. I think this is Mert over"}, {"start": "00:02:42", "end": "00:02:47", "text": "here on X. I think I think Mert posts a"}, {"start": "00:02:46", "end": "00:02:50", "text": "lot of things that I don't agree with at"}, {"start": "00:02:47", "end": "00:02:52", "text": "all. However,"}, {"start": "00:02:50", "end": "00:02:53", "text": "I agree with this post and I think I"}, {"start": "00:02:52", "end": "00:02:55", "text": "should probably just read this and just"}, {"start": "00:02:53", "end": "00:02:58", "text": "end the live stream. Honestly, crypto is"}, {"start": "00:02:55", "end": "00:03:01", "text": "dominated by speculators and younger"}, {"start": "00:02:58", "end": "00:03:04", "text": "traders who have virtually no time"}, {"start": "00:03:01", "end": "00:03:06", "text": "horizon or attention span. As crypto"}, {"start": "00:03:04", "end": "00:03:08", "text": "takes over, same thing is happening to"}, {"start": "00:03:06", "end": "00:03:10", "text": "all markets. In such a world, there's a"}, {"start": "00:03:08", "end": "00:03:13", "text": "great edge in simply having a boomer"}, {"start": "00:03:10", "end": "00:03:14", "text": "time horizon. All my big wins have been"}, {"start": "00:03:13", "end": "00:03:16", "text": "buying distress assets, working to"}, {"start": "00:03:14", "end": "00:03:19", "text": "improve them, and thinking in terms of"}, {"start": "00:03:16", "end": "00:03:21", "text": "years versus weeks. This is where we are"}, {"start": "00:03:19", "end": "00:03:23", "text": "right now in in terms of thinking in"}, {"start": "00:03:21", "end": "00:03:25", "text": "years and not weeks. This is Bitcoin"}, {"start": "00:03:23", "end": "00:03:28", "text": "zoomed out on a weekly chart. You can go"}, {"start": "00:03:25", "end": "00:03:32", "text": "to Ethereum zoomed out on a weekly"}, {"start": "00:03:28", "end": "00:03:34", "text": "chart. Let's start with Ethereum. I"}, {"start": "00:03:32", "end": "00:03:38", "text": "think Ethereum is is going to be okay in"}, {"start": "00:03:34", "end": "00:03:40", "text": "terms of ETH and ETH price action. It's"}, {"start": "00:03:38", "end": "00:03:42", "text": "not going to be a top performer. I mean,"}, {"start": "00:03:40", "end": "00:03:45", "text": "we knew that anyway, but what's going on"}, {"start": "00:03:42", "end": "00:03:47", "text": "with Ethereum is is crazy to see right"}, {"start": "00:03:45", "end": "00:03:50", "text": "now. This is a post from Simon on X."}, {"start": "00:03:47", "end": "00:03:51", "text": "Watching nine senior researchers and key"}, {"start": "00:03:50", "end": "00:03:56", "text": "operators leave the Ethereum Foundation"}, {"start": "00:03:51", "end": "00:03:57", "text": "in 2026 alone is something I can't just"}, {"start": "00:03:56", "end": "00:04:00", "text": "ignore. And he's right. I mean, you"}, {"start": "00:03:57", "end": "00:04:02", "text": "can't you can't ignore that. Um, also"}, {"start": "00:04:00", "end": "00:04:05", "text": "Banklist, one of their one of their"}, {"start": "00:04:02", "end": "00:04:08", "text": "founders selling all his ETH. You can't"}, {"start": "00:04:05", "end": "00:04:10", "text": "ignore these things at all. Um, but at"}, {"start": "00:04:08", "end": "00:04:13", "text": "the same time, it's crazy to me to see"}, {"start": "00:04:10", "end": "00:04:16", "text": "how in this bare market that we are in"}, {"start": "00:04:13", "end": "00:04:21", "text": "right now, sweeping across the crypto"}, {"start": "00:04:16", "end": "00:04:24", "text": "landscape so quickly. Is this happening?"}, {"start": "00:04:21", "end": "00:04:26", "text": "content creators ditching Ethereum while"}, {"start": "00:04:24", "end": "00:04:31", "text": "all the sudden while all of the sudden"}, {"start": "00:04:26", "end": "00:04:33", "text": "after all these years, all these cycles,"}, {"start": "00:04:31", "end": "00:04:35", "text": "Zcash"}, {"start": "00:04:33", "end": "00:04:38", "text": "and"}, {"start": "00:04:35", "end": "00:04:40", "text": "Hype, they are they they took the"}, {"start": "00:04:38", "end": "00:04:42", "text": "spotlight."}, {"start": "00:04:40", "end": "00:04:44", "text": "And is it of no surprise that that's"}, {"start": "00:04:42", "end": "00:04:47", "text": "happening? If I could just go to like a"}, {"start": "00:04:44", "end": "00:04:49", "text": "Zcash chart right now, is is is that"}, {"start": "00:04:47", "end": "00:04:51", "text": "happening for a fundamental reason or is"}, {"start": "00:04:49", "end": "00:04:54", "text": "it just because price is at all-time"}, {"start": "00:04:51", "end": "00:04:58", "text": "high? Is it just because price and"}, {"start": "00:04:54", "end": "00:05:02", "text": "narrative and people and retail are very"}, {"start": "00:04:58", "end": "00:05:04", "text": "simply just chasing price? This is this"}, {"start": "00:05:02", "end": "00:05:07", "text": "is I think all that is happening right"}, {"start": "00:05:04", "end": "00:05:09", "text": "now. And I know Ethereum, the"}, {"start": "00:05:07", "end": "00:05:10", "text": "researchers leaving and what's going on"}, {"start": "00:05:09", "end": "00:05:12", "text": "with Ethereum? Fundamentally, there's"}, {"start": "00:05:10", "end": "00:05:16", "text": "probably there's not good things"}, {"start": "00:05:12", "end": "00:05:19", "text": "happening, but is it because"}, {"start": "00:05:16", "end": "00:05:21", "text": "of fundamentals or is it because this is"}, {"start": "00:05:19", "end": "00:05:23", "text": "what an Ethereum chart looks like? It's"}, {"start": "00:05:21", "end": "00:05:25", "text": "price. And the same the same thing goes"}, {"start": "00:05:23", "end": "00:05:27", "text": "for this. I did this video yesterday in"}, {"start": "00:05:25", "end": "00:05:31", "text": "regards to Cardano. What's going on with"}, {"start": "00:05:27", "end": "00:05:33", "text": "Cardano? Um the drama going on with, you"}, {"start": "00:05:31", "end": "00:05:35", "text": "know, funding IO and governance and all"}, {"start": "00:05:33", "end": "00:05:38", "text": "of that. There's always drama with"}, {"start": "00:05:35", "end": "00:05:40", "text": "Cardano, but again, if if price was"}, {"start": "00:05:38", "end": "00:05:42", "text": "doing something positive, the drama"}, {"start": "00:05:40", "end": "00:05:43", "text": "wouldn't be there. The drama wouldn't be"}, {"start": "00:05:42", "end": "00:05:46", "text": "there for Ethereum. The drama won't be"}, {"start": "00:05:43", "end": "00:05:47", "text": "there for Cardano. And certainly, I"}, {"start": "00:05:46", "end": "00:05:50", "text": "don't think Zcash and Hyperliquid would"}, {"start": "00:05:47", "end": "00:05:52", "text": "be like the two top plays right now"}, {"start": "00:05:50", "end": "00:05:53", "text": "because that's essentially what's"}, {"start": "00:05:52", "end": "00:05:55", "text": "happening. At least in terms of my"}, {"start": "00:05:53", "end": "00:05:58", "text": "timeline, at least in terms of what I'm"}, {"start": "00:05:55", "end": "00:05:59", "text": "seeing on X. Um, but the story"}, {"start": "00:05:58", "end": "00:06:01", "text": "continues, right? It's not just"}, {"start": "00:05:59", "end": "00:06:04", "text": "Ethereum. It's not just Cardano. This"}, {"start": "00:06:01", "end": "00:06:06", "text": "was SUI. This was on a daily chart. SU"}, {"start": "00:06:04", "end": "00:06:09", "text": "is like I mean I am so bullish on SU."}, {"start": "00:06:06", "end": "00:06:10", "text": "I'm so bullish on crypto space right now"}, {"start": "00:06:09", "end": "00:06:13", "text": "while while it just really does look a"}, {"start": "00:06:10", "end": "00:06:16", "text": "mess. It looks like it's falling apart."}, {"start": "00:06:13", "end": "00:06:19", "text": "It really just does."}, {"start": "00:06:16", "end": "00:06:22", "text": "But this this chart, look at this. It"}, {"start": "00:06:19", "end": "00:06:25", "text": "was just days ago pretty much where was"}, {"start": "00:06:22", "end": "00:06:29", "text": "pumping almost 50% and all of those"}, {"start": "00:06:25", "end": "00:06:32", "text": "gains wiped out yet again. This is the"}, {"start": "00:06:29", "end": "00:06:34", "text": "story everybody."}, {"start": "00:06:32", "end": "00:06:38", "text": "This is the constant story of crypto"}, {"start": "00:06:34", "end": "00:06:40", "text": "right now and it's not fun. Like it's"}, {"start": "00:06:38", "end": "00:06:42", "text": "why I it's why I put it like crypto is"}, {"start": "00:06:40", "end": "00:06:44", "text": "broken"}, {"start": "00:06:42", "end": "00:06:45", "text": "but it's not over. It's such a"}, {"start": "00:06:44", "end": "00:06:49", "text": "difference. Like just saying crypto is"}, {"start": "00:06:45", "end": "00:06:52", "text": "broken. It's a mess. It's dramatic. It's"}, {"start": "00:06:49", "end": "00:06:54", "text": "not the same as saying that crypto is"}, {"start": "00:06:52", "end": "00:06:59", "text": "over. And that is why I highlight this"}, {"start": "00:06:54", "end": "00:06:59", "text": "post over here from Mert which is"}, {"start": "00:07:00", "end": "00:07:04", "text": "this time horizon aspect"}, {"start": "00:07:02", "end": "00:07:07", "text": "because crypto is dominated by"}, {"start": "00:07:04", "end": "00:07:09", "text": "speculators and younger traders who have"}, {"start": "00:07:07", "end": "00:07:14", "text": "virtually no time horizon or attention"}, {"start": "00:07:09", "end": "00:07:18", "text": "span. And I would say at this point just"}, {"start": "00:07:14", "end": "00:07:21", "text": "95% of people in crypto they do not take"}, {"start": "00:07:18", "end": "00:07:24", "text": "serious time to work up and draw up a"}, {"start": "00:07:21", "end": "00:07:26", "text": "macro thesis. They just don't. I I just"}, {"start": "00:07:24", "end": "00:07:30", "text": "see that. It's so evident. And that's"}, {"start": "00:07:26", "end": "00:07:32", "text": "why right now Zcash hype, they're"}, {"start": "00:07:30", "end": "00:07:35", "text": "absolutely just taking over everything."}, {"start": "00:07:32", "end": "00:07:38", "text": "They're taking over the narrative"}, {"start": "00:07:35", "end": "00:07:40", "text": "because of look at the price action. And"}, {"start": "00:07:38", "end": "00:07:43", "text": "I'm not discounting why there's price"}, {"start": "00:07:40", "end": "00:07:45", "text": "action. Like fundamentally, maybe maybe"}, {"start": "00:07:43", "end": "00:07:46", "text": "there's a reason everybody, you know, I"}, {"start": "00:07:45", "end": "00:07:48", "text": "well not maybe I know there's a reason."}, {"start": "00:07:46", "end": "00:07:51", "text": "I know why I know there's a reason why"}, {"start": "00:07:48", "end": "00:07:53", "text": "hype is bullish. I get that. But to just"}, {"start": "00:07:51", "end": "00:07:56", "text": "all of a sudden to see things like"}, {"start": "00:07:53", "end": "00:07:58", "text": "Ethereum and all these other projects,"}, {"start": "00:07:56", "end": "00:08:00", "text": "I've even seen Salana, which was really"}, {"start": "00:07:58", "end": "00:08:02", "text": "for recent years, like it was the go-to."}, {"start": "00:08:00", "end": "00:08:05", "text": "It was like the one it's going to take"}, {"start": "00:08:02", "end": "00:08:08", "text": "over Ethereum. Even Salana right now is"}, {"start": "00:08:05", "end": "00:08:11", "text": "losing its its its luster."}, {"start": "00:08:08", "end": "00:08:12", "text": "Salana being painted and the narrative"}, {"start": "00:08:11", "end": "00:08:15", "text": "being with Salana, it's just the"}, {"start": "00:08:12", "end": "00:08:16", "text": "memecoin chain, which isn't something I"}, {"start": "00:08:15", "end": "00:08:19", "text": "disagree with, but I just think it's"}, {"start": "00:08:16", "end": "00:08:23", "text": "crazy how the narratives are changing so"}, {"start": "00:08:19", "end": "00:08:28", "text": "quickly. And my point in saying all this"}, {"start": "00:08:23", "end": "00:08:29", "text": "is is is to say this is exactly this is"}, {"start": "00:08:28", "end": "00:08:31", "text": "worse than any any bare cycle I've been"}, {"start": "00:08:29", "end": "00:08:33", "text": "through. This is worse than any"}, {"start": "00:08:31", "end": "00:08:36", "text": "sentiment I've been through. But this is"}, {"start": "00:08:33", "end": "00:08:38", "text": "exactly what happens every cycle. It's"}, {"start": "00:08:36", "end": "00:08:41", "text": "exactly what happens every single cycle."}, {"start": "00:08:38", "end": "00:08:43", "text": "everybody and actually it's interesting"}, {"start": "00:08:41", "end": "00:08:46", "text": "to see you know this whole this whole"}, {"start": "00:08:43", "end": "00:08:48", "text": "thing with with with Ethereum happening"}, {"start": "00:08:46", "end": "00:08:50", "text": "this happens with Bitcoin especially in"}, {"start": "00:08:48", "end": "00:08:52", "text": "the earlier days of Bitcoin cycles"}, {"start": "00:08:50", "end": "00:08:57", "text": "crypto if you remember in the bare"}, {"start": "00:08:52", "end": "00:09:00", "text": "markets Bitcoin the the headlines right"}, {"start": "00:08:57", "end": "00:09:03", "text": "crypto is dead Bitcoin is going to zero"}, {"start": "00:09:00", "end": "00:09:05", "text": "that is that is starting to stop when it"}, {"start": "00:09:03", "end": "00:09:07", "text": "comes to Bitcoin but now it's very much"}, {"start": "00:09:05", "end": "00:09:08", "text": "taking over when it comes to Ethereum"}, {"start": "00:09:07", "end": "00:09:10", "text": "everybody if you're in a live stream on"}, {"start": "00:09:08", "end": "00:09:12", "text": "a Saturday afternoon. I appreciate you."}, {"start": "00:09:10", "end": "00:09:14", "text": "Hit that like button for me. We got like"}, {"start": "00:09:12", "end": "00:09:16", "text": "40 likes, 500 some people in here."}, {"start": "00:09:14", "end": "00:09:17", "text": "Probably honestly probably on YouTube. I"}, {"start": "00:09:16", "end": "00:09:20", "text": "don't even know. There's probably like a"}, {"start": "00:09:17", "end": "00:09:23", "text": "hundred people in here. But I appreciate"}, {"start": "00:09:20", "end": "00:09:25", "text": "you hanging out on a Saturday. Um"}, {"start": "00:09:23", "end": "00:09:27", "text": "the cycle is very difficult. I'm going"}, {"start": "00:09:25", "end": "00:09:30", "text": "to I'm going to show probably charts"}, {"start": "00:09:27", "end": "00:09:32", "text": "that are not wellreceived right now, but"}, {"start": "00:09:30", "end": "00:09:36", "text": "I'm going to do it anyway. Um and that"}, {"start": "00:09:32", "end": "00:09:39", "text": "is the the macro thesis the macro bull"}, {"start": "00:09:36", "end": "00:09:41", "text": "thesis that is very much in play but as"}, {"start": "00:09:39", "end": "00:09:42", "text": "we go through these things just keep"}, {"start": "00:09:41", "end": "00:09:46", "text": "these things in mind but just crazy to"}, {"start": "00:09:42", "end": "00:09:49", "text": "see I'm so bullish on SUI I've allocated"}, {"start": "00:09:46", "end": "00:09:51", "text": "to SUI um I think it's going to be a top"}, {"start": "00:09:49", "end": "00:09:55", "text": "performer and it's just got it just got"}, {"start": "00:09:51", "end": "00:09:57", "text": "demolished right back down and it's just"}, {"start": "00:09:55", "end": "00:10:00", "text": "frustrating honestly to to see this"}, {"start": "00:09:57", "end": "00:10:03", "text": "continued these continued bare"}, {"start": "00:10:00", "end": "00:10:04", "text": "suppression moves all across crypto."}, {"start": "00:10:03", "end": "00:10:06", "text": "Meanwhile, President Trump's Truth"}, {"start": "00:10:04", "end": "00:10:08", "text": "Social withdraws Bitcoin ETF app. The"}, {"start": "00:10:06", "end": "00:10:09", "text": "company behind Truth Social has"}, {"start": "00:10:08", "end": "00:10:13", "text": "withdrawn its application to launch"}, {"start": "00:10:09", "end": "00:10:17", "text": "Bitcoin ETF. And you can read this"}, {"start": "00:10:13", "end": "00:10:19", "text": "article, but there's it seems like it's"}, {"start": "00:10:17", "end": "00:10:21", "text": "the competitive landscape that has"}, {"start": "00:10:19", "end": "00:10:22", "text": "driven this. Wall Street Investment Bank"}, {"start": "00:10:21", "end": "00:10:24", "text": "Morgan Stanley launched new Bitcoin"}, {"start": "00:10:22", "end": "00:10:27", "text": "Bitcoin ETF bringing the number to more"}, {"start": "00:10:24", "end": "00:10:31", "text": "than a dozen. And a lot of the fees are"}, {"start": "00:10:27", "end": "00:10:34", "text": "very competitive with these ETFs. And I"}, {"start": "00:10:31", "end": "00:10:35", "text": "really do think that's probably a big"}, {"start": "00:10:34", "end": "00:10:37", "text": "part of it in terms of just being able"}, {"start": "00:10:35", "end": "00:10:40", "text": "to be competitive. They were probably"}, {"start": "00:10:37", "end": "00:10:42", "text": "just like, let's just withdraw this. Um,"}, {"start": "00:10:40", "end": "00:10:47", "text": "all the while, Clarity Act odds plummet"}, {"start": "00:10:42", "end": "00:10:49", "text": "from 75% to 50%. So that's happening"}, {"start": "00:10:47", "end": "00:10:52", "text": "right now. This is just like one"}, {"start": "00:10:49", "end": "00:10:55", "text": "negative headline after another. SEC, we"}, {"start": "00:10:52", "end": "00:10:57", "text": "just we were just all bullish, you know,"}, {"start": "00:10:55", "end": "00:10:59", "text": "a week ago"}, {"start": "00:10:57", "end": "00:11:02", "text": "about the tokenized stocks and then all"}, {"start": "00:10:59", "end": "00:11:04", "text": "of a sudden yesterday SEC delays plan"}, {"start": "00:11:02", "end": "00:11:07", "text": "allowing for crypto versions of US"}, {"start": "00:11:04", "end": "00:11:08", "text": "stocks. The SEC's staff was preparing to"}, {"start": "00:11:07", "end": "00:11:11", "text": "release its so-called innovation"}, {"start": "00:11:08", "end": "00:11:13", "text": "exemption for tokenized stocks as soon"}, {"start": "00:11:11", "end": "00:11:16", "text": "as this week. But the timing has since"}, {"start": "00:11:13", "end": "00:11:18", "text": "been pushed back as the SEC weighs input"}, {"start": "00:11:16", "end": "00:11:21", "text": "from stock exchange officials and other"}, {"start": "00:11:18", "end": "00:11:23", "text": "market petition participants who've held"}, {"start": "00:11:21", "end": "00:11:25", "text": "discussion with agency staff in the past"}, {"start": "00:11:23", "end": "00:11:28", "text": "few days to learn details of the plan."}, {"start": "00:11:25", "end": "00:11:30", "text": "Just crazy the because many of these"}, {"start": "00:11:28", "end": "00:11:31", "text": "headlines were a week ago positive"}, {"start": "00:11:30", "end": "00:11:36", "text": "headlines, right? And now they're just"}, {"start": "00:11:31", "end": "00:11:37", "text": "completely negative headlines. Um"}, {"start": "00:11:36", "end": "00:11:41", "text": "I'm I have my phone up so I can read"}, {"start": "00:11:37", "end": "00:11:43", "text": "some of these just comments coming in."}, {"start": "00:11:41", "end": "00:11:46", "text": "Um so negative headline negative"}, {"start": "00:11:43", "end": "00:11:49", "text": "headline negative headline 1.26 billion"}, {"start": "00:11:46", "end": "00:11:51", "text": "Bitcoin ETF ETF outflows outflows have"}, {"start": "00:11:49", "end": "00:11:54", "text": "been negative headlines. This was"}, {"start": "00:11:51", "end": "00:11:56", "text": "interesting though spark contrarian buy"}, {"start": "00:11:54", "end": "00:11:59", "text": "signal coming out of sentiment I guess"}, {"start": "00:11:56", "end": "00:12:01", "text": "but article on trading view and all the"}, {"start": "00:11:59", "end": "00:12:06", "text": "while we are still living in a world of"}, {"start": "00:12:01", "end": "00:12:07", "text": "fear. I mean fear now fear yesterday"}, {"start": "00:12:06", "end": "00:12:09", "text": "fear last week fear last month. It's"}, {"start": "00:12:07", "end": "00:12:12", "text": "been fear all year long basically for"}, {"start": "00:12:09", "end": "00:12:16", "text": "the crypto space. So that's a summation"}, {"start": "00:12:12", "end": "00:12:19", "text": "of everything that's happening and"}, {"start": "00:12:16", "end": "00:12:21", "text": "it's it's absolutely not been fun. I I I"}, {"start": "00:12:19", "end": "00:12:25", "text": "say that I'm with you. It's not"}, {"start": "00:12:21", "end": "00:12:27", "text": "enjoyable. Um but let's talk about this"}, {"start": "00:12:25", "end": "00:12:29", "text": "a little bit. I want to do I want to do"}, {"start": "00:12:27", "end": "00:12:31", "text": "a little bit of an analysis on Bitcoin"}, {"start": "00:12:29", "end": "00:12:33", "text": "because while all this is happening, not"}, {"start": "00:12:31", "end": "00:12:35", "text": "just Bitcoin everybody, Ethereum as"}, {"start": "00:12:33", "end": "00:12:37", "text": "well, still just consolidating, but I do"}, {"start": "00:12:35", "end": "00:12:38", "text": "want to do some analysis on Bitcoin"}, {"start": "00:12:37", "end": "00:12:41", "text": "because there's some things happening"}, {"start": "00:12:38", "end": "00:12:43", "text": "that were interesting. Um, and that is"}, {"start": "00:12:41", "end": "00:12:45", "text": "we've remained above the 20week moving"}, {"start": "00:12:43", "end": "00:12:47", "text": "average. Completely not convinced that"}, {"start": "00:12:45", "end": "00:12:49", "text": "that's, you know, going to hold. If you"}, {"start": "00:12:47", "end": "00:12:52", "text": "remember when we were doing analysis, I"}, {"start": "00:12:49", "end": "00:12:53", "text": "think back here on the 11th or 12th, we"}, {"start": "00:12:52", "end": "00:12:58", "text": "were talking about this 200 day moving"}, {"start": "00:12:53", "end": "00:13:03", "text": "average. the resistance is so sound and"}, {"start": "00:12:58", "end": "00:13:05", "text": "normal. Um, and it doesn't for me paint"}, {"start": "00:13:03", "end": "00:13:07", "text": "a bare market picture. I've done I did a"}, {"start": "00:13:05", "end": "00:13:10", "text": "video on this the other day. I I don't"}, {"start": "00:13:07", "end": "00:13:12", "text": "want to just harp on this, but the the"}, {"start": "00:13:10", "end": "00:13:14", "text": "correlation is man, when this move"}, {"start": "00:13:12", "end": "00:13:17", "text": "happens, we fall into a bare market. My"}, {"start": "00:13:14", "end": "00:13:19", "text": "whole thinking is we are in a way"}, {"start": "00:13:17", "end": "00:13:21", "text": "different macro environment. Completely"}, {"start": "00:13:19", "end": "00:13:22", "text": "different part of the business cycle,"}, {"start": "00:13:21", "end": "00:13:24", "text": "completely different part of what the"}, {"start": "00:13:22", "end": "00:13:27", "text": "Fed is doing. QT, Kevin Walsh coming"}, {"start": "00:13:24", "end": "00:13:29", "text": "into play right now. AI productivity"}, {"start": "00:13:27", "end": "00:13:32", "text": "boom,"}, {"start": "00:13:29", "end": "00:13:33", "text": "everything's different. So my whole"}, {"start": "00:13:32", "end": "00:13:35", "text": "thought, especially when it comes to"}, {"start": "00:13:33", "end": "00:13:37", "text": "this indicator, is yeah, resistance for"}, {"start": "00:13:35", "end": "00:13:39", "text": "sure anticipate it. But I'm not so quick"}, {"start": "00:13:37", "end": "00:13:40", "text": "to just say we're going into a bare"}, {"start": "00:13:39", "end": "00:13:42", "text": "market for the rest of the year or we're"}, {"start": "00:13:40", "end": "00:13:43", "text": "going to continue a bare market for the"}, {"start": "00:13:42", "end": "00:13:45", "text": "rest of the year, I should say. But what"}, {"start": "00:13:43", "end": "00:13:47", "text": "I am watching is how does Bitcoin"}, {"start": "00:13:45", "end": "00:13:49", "text": "interact with all these things that are"}, {"start": "00:13:47", "end": "00:13:50", "text": "happening. uh namely right now"}, {"start": "00:13:49", "end": "00:13:53", "text": "especially because we have one day eight"}, {"start": "00:13:50", "end": "00:13:55", "text": "hours left on Bitcoin the 20week moving"}, {"start": "00:13:53", "end": "00:13:57", "text": "average. How's that hold? Can can"}, {"start": "00:13:55", "end": "00:14:00", "text": "Bitcoin close above that area? That's a"}, {"start": "00:13:57", "end": "00:14:04", "text": "very big deal. Uh mainly because"}, {"start": "00:14:00", "end": "00:14:06", "text": "if you look at this kind of correlated"}, {"start": "00:14:04", "end": "00:14:08", "text": "area of that 200 day moving average on"}, {"start": "00:14:06", "end": "00:14:10", "text": "the weekly when Bitcoin started falling"}, {"start": "00:14:08", "end": "00:14:12", "text": "into the bear, you see Bitcoin didn't do"}, {"start": "00:14:10", "end": "00:14:15", "text": "a very good job of holding above that"}, {"start": "00:14:12", "end": "00:14:17", "text": "20week moving average. Right?"}, {"start": "00:14:15", "end": "00:14:19", "text": "The other thing is Bitcoin was the"}, {"start": "00:14:17", "end": "00:14:21", "text": "20week moving average was falling if you"}, {"start": "00:14:19", "end": "00:14:25", "text": "look over here below the 50 like that"}, {"start": "00:14:21", "end": "00:14:28", "text": "was that was just happening. That move"}, {"start": "00:14:25", "end": "00:14:30", "text": "has happened January 2026. Right now"}, {"start": "00:14:28", "end": "00:14:33", "text": "what we really want to start seeing is"}, {"start": "00:14:30", "end": "00:14:35", "text": "the 20week moving average start leveling"}, {"start": "00:14:33", "end": "00:14:37", "text": "out for the reversal and that begins"}, {"start": "00:14:35", "end": "00:14:39", "text": "with support above the 20week moving"}, {"start": "00:14:37", "end": "00:14:41", "text": "average. and it could start happening"}, {"start": "00:14:39", "end": "00:14:43", "text": "now, but I'm, you know, I want to start"}, {"start": "00:14:41", "end": "00:14:45", "text": "really watching these weekly candles"}, {"start": "00:14:43", "end": "00:14:48", "text": "because this could very well in the next"}, {"start": "00:14:45", "end": "00:14:50", "text": "24 hours just close below the 20week"}, {"start": "00:14:48", "end": "00:14:51", "text": "moving average. It doesn't mean that we"}, {"start": "00:14:50", "end": "00:14:54", "text": "won't get the 20week moving average"}, {"start": "00:14:51", "end": "00:14:56", "text": "reversal. Um, it just means support on"}, {"start": "00:14:54", "end": "00:14:58", "text": "the shorter term failed and we use the"}, {"start": "00:14:56", "end": "00:15:00", "text": "daily chart on Bitcoin kind of as a"}, {"start": "00:14:58", "end": "00:15:03", "text": "guide, I think, for maybe shorter term"}, {"start": "00:15:00", "end": "00:15:05", "text": "price action. So when it comes to that"}, {"start": "00:15:03", "end": "00:15:06", "text": "20week moving average resistance"}, {"start": "00:15:05", "end": "00:15:09", "text": "confluent with that upper upper trend"}, {"start": "00:15:06", "end": "00:15:12", "text": "line in yellow normal everything's"}, {"start": "00:15:09", "end": "00:15:15", "text": "normal. Um our next area of support"}, {"start": "00:15:12", "end": "00:15:16", "text": "which immediately fail was the 20day and"}, {"start": "00:15:15", "end": "00:15:19", "text": "then the 50-day was the next area of"}, {"start": "00:15:16", "end": "00:15:23", "text": "support that has failed. So as we've"}, {"start": "00:15:19", "end": "00:15:25", "text": "been anticipating we have the main areas"}, {"start": "00:15:23", "end": "00:15:26", "text": "to watch for which I'm just very curious"}, {"start": "00:15:25", "end": "00:15:28", "text": "of to see what Bitcoin does, how it"}, {"start": "00:15:26", "end": "00:15:31", "text": "interacts and that is all the way down"}, {"start": "00:15:28", "end": "00:15:35", "text": "here. There's really three areas here"}, {"start": "00:15:31", "end": "00:15:38", "text": "confluent coming together. So what it is"}, {"start": "00:15:35", "end": "00:15:40", "text": "is the swing low back here in March to"}, {"start": "00:15:38", "end": "00:15:43", "text": "swing high. This kind of rectangle that"}, {"start": "00:15:40", "end": "00:15:45", "text": "you see here is a 618 to 786 Fibonacci"}, {"start": "00:15:43", "end": "00:15:47", "text": "Fibonacci pullback area. One of my"}, {"start": "00:15:45", "end": "00:15:49", "text": "favorite indicators"}, {"start": "00:15:47", "end": "00:15:53", "text": "that is there. Um and that price point"}, {"start": "00:15:49", "end": "00:15:54", "text": "is like 72,000 to like 68,000 or so. And"}, {"start": "00:15:53", "end": "00:15:58", "text": "then we have this blue trend line which"}, {"start": "00:15:54", "end": "00:16:02", "text": "I think is very a very important trend"}, {"start": "00:15:58", "end": "00:16:05", "text": "line. It goes to all-time high in"}, {"start": "00:16:02", "end": "00:16:08", "text": "October and it's been kind of"}, {"start": "00:16:05", "end": "00:16:10", "text": "resistance. Bitcoin has flipped it. So"}, {"start": "00:16:08", "end": "00:16:14", "text": "if Bitcoin makes its way back to that"}, {"start": "00:16:10", "end": "00:16:16", "text": "area right alongside that Fibonacci"}, {"start": "00:16:14", "end": "00:16:18", "text": "as well as that third point of"}, {"start": "00:16:16", "end": "00:16:20", "text": "confluence which is the yellow trend"}, {"start": "00:16:18", "end": "00:16:22", "text": "line at the bottom. That is a crazy"}, {"start": "00:16:20", "end": "00:16:26", "text": "interesting area for Bitcoin. And you"}, {"start": "00:16:22", "end": "00:16:30", "text": "can see $69 $70,000. That's what that"}, {"start": "00:16:26", "end": "00:16:32", "text": "is. So it's kind of coming to this point"}, {"start": "00:16:30", "end": "00:16:35", "text": "of anywhere between there and really"}, {"start": "00:16:32", "end": "00:16:37", "text": "where Bitcoin is right now, especially"}, {"start": "00:16:35", "end": "00:16:41", "text": "when we're keeping in mind the 20week"}, {"start": "00:16:37", "end": "00:16:43", "text": "moving average at like $75,000."}, {"start": "00:16:41", "end": "00:16:45", "text": "What's Bitcoin doing in this range?"}, {"start": "00:16:43", "end": "00:16:46", "text": "How's Bitcoin holding up? Right? And"}, {"start": "00:16:45", "end": "00:16:48", "text": "that's what I'll be watching in terms of"}, {"start": "00:16:46", "end": "00:16:52", "text": "Bitcoin. You go to something like"}, {"start": "00:16:48", "end": "00:16:55", "text": "Ethereum, it's it's"}, {"start": "00:16:52", "end": "00:16:58", "text": "a suppressed market. It's a suppressed"}, {"start": "00:16:55", "end": "00:17:01", "text": "cycle. We are living in a cycle that"}, {"start": "00:16:58", "end": "00:17:03", "text": "we've never lived in before. If we think"}, {"start": "00:17:01", "end": "00:17:06", "text": "about things like the PMI, the business"}, {"start": "00:17:03", "end": "00:17:09", "text": "cycle, this is something so many people"}, {"start": "00:17:06", "end": "00:17:11", "text": "disagree with me about the suppression"}, {"start": "00:17:09", "end": "00:17:12", "text": "that we have in crypto right now, the"}, {"start": "00:17:11", "end": "00:17:15", "text": "lack of the bull market that never"}, {"start": "00:17:12", "end": "00:17:18", "text": "happened is because of this chart, that"}, {"start": "00:17:15", "end": "00:17:20", "text": "green line. It is the business cycle."}, {"start": "00:17:18", "end": "00:17:22", "text": "And so this is where things become a"}, {"start": "00:17:20", "end": "00:17:25", "text": "little unpopular in terms of my"}, {"start": "00:17:22", "end": "00:17:27", "text": "analysis, you know, and I understand. I"}, {"start": "00:17:25", "end": "00:17:29", "text": "get it. It's fine. We'll see how it"}, {"start": "00:17:27", "end": "00:17:32", "text": "plays out because only time will tell if"}, {"start": "00:17:29", "end": "00:17:36", "text": "this does play out. But I'm under the"}, {"start": "00:17:32", "end": "00:17:39", "text": "the strong impression based on analysis"}, {"start": "00:17:36", "end": "00:17:40", "text": "and looking at cycles of crypto as it"}, {"start": "00:17:39", "end": "00:17:42", "text": "correlates with the business cycle as it"}, {"start": "00:17:40", "end": "00:17:46", "text": "correlates with Russell 2000 which is"}, {"start": "00:17:42", "end": "00:17:51", "text": "just entering its price discovery that"}, {"start": "00:17:46", "end": "00:17:55", "text": "if the PMI increases and we do see"}, {"start": "00:17:51", "end": "00:17:58", "text": "uh capital start making its way down"}, {"start": "00:17:55", "end": "00:18:00", "text": "um the risk curve crypto as always every"}, {"start": "00:17:58", "end": "00:18:02", "text": "cycle will be last and that includes"}, {"start": "00:18:00", "end": "00:18:05", "text": "foods after the Russell 2000 which just"}, {"start": "00:18:02", "end": "00:18:09", "text": "finally broke out, right? It it was also"}, {"start": "00:18:05", "end": "00:18:13", "text": "suppressed since 2021 like crypto."}, {"start": "00:18:09", "end": "00:18:15", "text": "This isn't crypto failing in my opinion."}, {"start": "00:18:13", "end": "00:18:17", "text": "And so with that being said, what are"}, {"start": "00:18:15", "end": "00:18:20", "text": "some things?"}, {"start": "00:18:17", "end": "00:18:21", "text": "What are some things?"}, {"start": "00:18:20", "end": "00:18:23", "text": "Here's a very unpopular thing. We're"}, {"start": "00:18:21", "end": "00:18:26", "text": "going to get interest rates down"}, {"start": "00:18:23", "end": "00:18:28", "text": "quickly. That's coming from Trump."}, {"start": "00:18:26", "end": "00:18:30", "text": "I saw this from Fred over here on X. Um,"}, {"start": "00:18:28", "end": "00:18:32", "text": "I think another account I don't agree"}, {"start": "00:18:30", "end": "00:18:34", "text": "with a lot of what he says. Very soon we"}, {"start": "00:18:32", "end": "00:18:38", "text": "will enter into what is called the"}, {"start": "00:18:34", "end": "00:18:41", "text": "midterms big print. That's a technical"}, {"start": "00:18:38", "end": "00:18:44", "text": "term. I don't make up the rules."}, {"start": "00:18:41", "end": "00:18:47", "text": "And"}, {"start": "00:18:44", "end": "00:18:47", "text": "we also have this."}, {"start": "00:18:50", "end": "00:18:55", "text": "The Fed is about to cut while the"}, {"start": "00:18:52", "end": "00:18:57", "text": "economy booms. New Fed Chair Kevin"}, {"start": "00:18:55", "end": "00:18:59", "text": "Walsh. AI is structurally"}, {"start": "00:18:57", "end": "00:19:01", "text": "disinflationary. By the way, Kevin"}, {"start": "00:18:59", "end": "00:19:03", "text": "Bessant, I think like last week or so,"}, {"start": "00:19:01", "end": "00:19:07", "text": "also saying he's anticipating"}, {"start": "00:19:03", "end": "00:19:10", "text": "disinflation when the war ends."}, {"start": "00:19:07", "end": "00:19:14", "text": "It's so difficult for me to talk about"}, {"start": "00:19:10", "end": "00:19:17", "text": "these things as part of my analysis"}, {"start": "00:19:14", "end": "00:19:20", "text": "because it's it's it's"}, {"start": "00:19:17", "end": "00:19:22", "text": "optimistic and crypto right now is not"}, {"start": "00:19:20", "end": "00:19:25", "text": "optimistic. It's way more comfortable to"}, {"start": "00:19:22", "end": "00:19:27", "text": "be pessimistic probably to just expect"}, {"start": "00:19:25", "end": "00:19:29", "text": "the worst from from here on out and just"}, {"start": "00:19:27", "end": "00:19:32", "text": "kind of give it in, give up, you know,"}, {"start": "00:19:29", "end": "00:19:35", "text": "give in. It's so easy for people to do"}, {"start": "00:19:32", "end": "00:19:38", "text": "that. Um,"}, {"start": "00:19:35", "end": "00:19:41", "text": "and I understand that."}, {"start": "00:19:38", "end": "00:19:43", "text": "But when I'm when I'm looking at"}, {"start": "00:19:41", "end": "00:19:45", "text": "the non-emotional the unemotional aspect"}, {"start": "00:19:43", "end": "00:19:46", "text": "of things"}, {"start": "00:19:45", "end": "00:19:48", "text": "and I'm really just trying to study"}, {"start": "00:19:46", "end": "00:19:51", "text": "markets, I'm trying to study what's like"}, {"start": "00:19:48", "end": "00:19:53", "text": "what's the setup right now."}, {"start": "00:19:51", "end": "00:19:55", "text": "I tend to just kind of and I'm also just"}, {"start": "00:19:53", "end": "00:19:57", "text": "generally optimistic person anyway. Even"}, {"start": "00:19:55", "end": "00:20:00", "text": "if none of this plays out and we, you"}, {"start": "00:19:57", "end": "00:20:03", "text": "know, we fall to zero, I'm sure I'll be"}, {"start": "00:20:00", "end": "00:20:08", "text": "doing optimistic videos just because,"}, {"start": "00:20:03", "end": "00:20:10", "text": "you know, it's life. 1995, Greenspan saw"}, {"start": "00:20:08", "end": "00:20:11", "text": "the productivity boom."}, {"start": "00:20:10", "end": "00:20:12", "text": "That's what exactly what I've been"}, {"start": "00:20:11", "end": "00:20:15", "text": "talking about. That's why I was happy to"}, {"start": "00:20:12", "end": "00:20:17", "text": "see this post because all I've been"}, {"start": "00:20:15", "end": "00:20:20", "text": "talking about is the the similarities of"}, {"start": "00:20:17", "end": "00:20:22", "text": "the setup right now. This is S&P 500."}, {"start": "00:20:20", "end": "00:20:25", "text": "Many people think it's topping out. I"}, {"start": "00:20:22", "end": "00:20:28", "text": "don't. The '9s"}, {"start": "00:20:25", "end": "00:20:29", "text": "productivity boom that happened was"}, {"start": "00:20:28", "end": "00:20:33", "text": "pretty incredible and crypto wasn't part"}, {"start": "00:20:29", "end": "00:20:38", "text": "of that. And if this is setting up right"}, {"start": "00:20:33", "end": "00:20:40", "text": "now, as Kevin W even thinks it is, I'm"}, {"start": "00:20:38", "end": "00:20:42", "text": "not saying he's saying S&P 500 is going"}, {"start": "00:20:40", "end": "00:20:45", "text": "to keep going up, but he's talking about"}, {"start": "00:20:42", "end": "00:20:47", "text": "this productivity boom driven by AI. If"}, {"start": "00:20:45", "end": "00:20:50", "text": "this continues right now and we have"}, {"start": "00:20:47", "end": "00:20:53", "text": "this cycle of expansion"}, {"start": "00:20:50", "end": "00:20:56", "text": "and and it's a cycle of expansion where"}, {"start": "00:20:53", "end": "00:20:58", "text": "we see the Russell 2000 making its way"}, {"start": "00:20:56", "end": "00:21:01", "text": "finally after years of suppression"}, {"start": "00:20:58", "end": "00:21:05", "text": "because this is the S&P 500 everybody"}, {"start": "00:21:01", "end": "00:21:08", "text": "right like what is going on there"}, {"start": "00:21:05", "end": "00:21:11", "text": "while if you look at the Russell look at"}, {"start": "00:21:08", "end": "00:21:14", "text": "this sideways since 2021 looks like an"}, {"start": "00:21:11", "end": "00:21:16", "text": "Ethereum chart until recently"}, {"start": "00:21:14", "end": "00:21:18", "text": "it. So when we sit here and we look at"}, {"start": "00:21:16", "end": "00:21:21", "text": "an Ethereum chart looks very similar to"}, {"start": "00:21:18", "end": "00:21:23", "text": "this, right? And we say, \"Dude,"}, {"start": "00:21:21", "end": "00:21:26", "text": "Ethereum's done. The nine researchers"}, {"start": "00:21:23", "end": "00:21:28", "text": "left. ETH is done. The the number one"}, {"start": "00:21:26", "end": "00:21:30", "text": "influencer in Ethereum sold his ETH."}, {"start": "00:21:28", "end": "00:21:31", "text": "It's done because it's sideways because"}, {"start": "00:21:30", "end": "00:21:33", "text": "price is down. It's not going to break"}, {"start": "00:21:31", "end": "00:21:35", "text": "out.\" It's it's almost like you could"}, {"start": "00:21:33", "end": "00:21:36", "text": "have looked at Russell 2000 not long ago"}, {"start": "00:21:35", "end": "00:21:37", "text": "and been like, \"Dude, it's over for"}, {"start": "00:21:36", "end": "00:21:41", "text": "Russell 2000. It's the same price as"}, {"start": "00:21:37", "end": "00:21:43", "text": "2021. What a failure.\" Uh but it's not."}, {"start": "00:21:41", "end": "00:21:46", "text": "This is just literally how the cycles"}, {"start": "00:21:43", "end": "00:21:48", "text": "work. This is how the cycles have worked"}, {"start": "00:21:46", "end": "00:21:50", "text": "as as it pertains to capital working its"}, {"start": "00:21:48", "end": "00:21:52", "text": "way down the risk curve. And cryptos"}, {"start": "00:21:50", "end": "00:21:54", "text": "always last. And if you wonder why"}, {"start": "00:21:52", "end": "00:21:56", "text": "cryptos last now, it's because this is"}, {"start": "00:21:54", "end": "00:21:58", "text": "what happens every cycle. It's just look"}, {"start": "00:21:56", "end": "00:22:01", "text": "at how long and extended this is. This"}, {"start": "00:21:58", "end": "00:22:03", "text": "is a Russell 2000. Look at it. Last"}, {"start": "00:22:01", "end": "00:22:05", "text": "cycle Russell 2000. That's not as bad,"}, {"start": "00:22:03", "end": "00:22:08", "text": "right? Even back here, this wasn't even"}, {"start": "00:22:05", "end": "00:22:10", "text": "as bad. That's not as bad. priced"}, {"start": "00:22:08", "end": "00:22:13", "text": "sideways for years, but not as bad as"}, {"start": "00:22:10", "end": "00:22:16", "text": "what this is finally just broke out."}, {"start": "00:22:13", "end": "00:22:18", "text": "That is exactly the story that is"}, {"start": "00:22:16", "end": "00:22:21", "text": "playing out on Ethereum right now and on"}, {"start": "00:22:18", "end": "00:22:24", "text": "altcoins. But even worse, the lower cap"}, {"start": "00:22:21", "end": "00:22:27", "text": "you get, the worse it is. That's why the"}, {"start": "00:22:24", "end": "00:22:29", "text": "really low caps, like one of my favorite"}, {"start": "00:22:27", "end": "00:22:32", "text": "dog on Bitcoin, so unpopular for me to"}, {"start": "00:22:29", "end": "00:22:33", "text": "have this this fundamental macro thesis."}, {"start": "00:22:32", "end": "00:22:36", "text": "The thing is going to explode if we"}, {"start": "00:22:33", "end": "00:22:39", "text": "enter a bull market in my opinion. that"}, {"start": "00:22:36", "end": "00:22:41", "text": "but that's why the lower market caps no"}, {"start": "00:22:39", "end": "00:22:43", "text": "matter what the opportunity looks like"}, {"start": "00:22:41", "end": "00:22:45", "text": "it's just so high risk high reward"}, {"start": "00:22:43", "end": "00:22:48", "text": "because the volatility to the downside"}, {"start": "00:22:45", "end": "00:22:51", "text": "in environments like this having to"}, {"start": "00:22:48", "end": "00:22:54", "text": "survive macroeconomic"}, {"start": "00:22:51", "end": "00:22:57", "text": "tightening from the Fed and suppression"}, {"start": "00:22:54", "end": "00:23:00", "text": "of a business cycle lower cap the lower"}, {"start": "00:22:57", "end": "00:23:03", "text": "cap you get the worse it gets right"}, {"start": "00:23:00", "end": "00:23:05", "text": "Ethereum is I mean Ethereum isn't"}, {"start": "00:23:03", "end": "00:23:08", "text": "massive if you really think of the grand"}, {"start": "00:23:05", "end": "00:23:10", "text": "scope of of equities and everything. And"}, {"start": "00:23:08", "end": "00:23:13", "text": "that's why I mean it's down for alltime"}, {"start": "00:23:10", "end": "00:23:16", "text": "highs last cycle and it's sideways. But"}, {"start": "00:23:13", "end": "00:23:18", "text": "then you start going down market cap of"}, {"start": "00:23:16", "end": "00:23:21", "text": "cryptos and it's like the same exact"}, {"start": "00:23:18", "end": "00:23:22", "text": "thing but just gets worse every crypto,"}, {"start": "00:23:21", "end": "00:23:26", "text": "right? That's why you start getting into"}, {"start": "00:23:22", "end": "00:23:28", "text": "the environment of you know things like"}, {"start": "00:23:26", "end": "00:23:31", "text": "SU or Cardano. They're down even more"}, {"start": "00:23:28", "end": "00:23:33", "text": "from from highs and that's just is what"}, {"start": "00:23:31", "end": "00:23:36", "text": "it is because the cap the market cap is"}, {"start": "00:23:33", "end": "00:23:38", "text": "getting lower. Um, so that was so that"}, {"start": "00:23:36", "end": "00:23:39", "text": "was Bitcoin. We're going to track"}, {"start": "00:23:38", "end": "00:23:42", "text": "Bitcoin. I just very curious to see what"}, {"start": "00:23:39", "end": "00:23:44", "text": "happens here in the setup of structure."}, {"start": "00:23:42", "end": "00:23:46", "text": "Uh, if we go over to Ethereum kind of"}, {"start": "00:23:44", "end": "00:23:48", "text": "spoke to Ethereum a little bit as it"}, {"start": "00:23:46", "end": "00:23:49", "text": "relates to the macro, but on the shorter"}, {"start": "00:23:48", "end": "00:23:52", "text": "term, this is what it looks like. I"}, {"start": "00:23:49", "end": "00:23:53", "text": "think it's an interesting structured"}, {"start": "00:23:52", "end": "00:23:54", "text": "setup. No matter how you spin it,"}, {"start": "00:23:53", "end": "00:23:56", "text": "there's probably so many different"}, {"start": "00:23:54", "end": "00:23:58", "text": "patterns at this point that people are"}, {"start": "00:23:56", "end": "00:24:01", "text": "tracking."}, {"start": "00:23:58", "end": "00:24:04", "text": "But going through all of these types of"}, {"start": "00:24:01", "end": "00:24:07", "text": "um negative environments, I just I don't"}, {"start": "00:24:04", "end": "00:24:09", "text": "think at all it's game over for crypto."}, {"start": "00:24:07", "end": "00:24:13", "text": "And you know, I wanted to kind of talk"}, {"start": "00:24:09", "end": "00:24:16", "text": "about some of these things."}, {"start": "00:24:13", "end": "00:24:16", "text": "So,"}, {"start": "00:24:18", "end": "00:24:22", "text": "appreciate all of you in the chats. I'm"}, {"start": "00:24:19", "end": "00:24:24", "text": "I'm I have my my phone open. We're in a"}, {"start": "00:24:22", "end": "00:24:26", "text": "rental, so it's like so hard on one"}, {"start": "00:24:24", "end": "00:24:28", "text": "screen to do these things. Usually, I"}, {"start": "00:24:26", "end": "00:24:30", "text": "have this other screen. I can kind of"}, {"start": "00:24:28", "end": "00:24:32", "text": "see what's going on. Um, but if you I'm"}, {"start": "00:24:30", "end": "00:24:36", "text": "just curious what are what are you all"}, {"start": "00:24:32", "end": "00:24:37", "text": "watching um, in terms of cryptos because"}, {"start": "00:24:36", "end": "00:24:41", "text": "I know much of the industry right now"}, {"start": "00:24:37", "end": "00:24:44", "text": "all hype about Zcash, right? Much of the"}, {"start": "00:24:41", "end": "00:24:46", "text": "industry all hype about hype all-time"}, {"start": "00:24:44", "end": "00:24:49", "text": "highs. These are the two taking over,"}, {"start": "00:24:46", "end": "00:24:51", "text": "right? Taking over the space right now."}, {"start": "00:24:49", "end": "00:24:52", "text": "Um, while everything else just"}, {"start": "00:24:51", "end": "00:24:54", "text": "completely suppressed. I did want to"}, {"start": "00:24:52", "end": "00:24:57", "text": "take a look at I know I glanced at it,"}, {"start": "00:24:54", "end": "00:25:00", "text": "but I do want to take a look at SUI. um"}, {"start": "00:24:57", "end": "00:25:03", "text": "from put aside all the the crypto"}, {"start": "00:25:00", "end": "00:25:06", "text": "negativity. Crypto's over, you know,"}, {"start": "00:25:03", "end": "00:25:10", "text": "where we are in the bare market. Put"}, {"start": "00:25:06", "end": "00:25:14", "text": "everything aside. Um"}, {"start": "00:25:10", "end": "00:25:18", "text": "number one, I I'm so tired of the pumps"}, {"start": "00:25:14", "end": "00:25:21", "text": "and then all pumps erased. I'm so tired"}, {"start": "00:25:18", "end": "00:25:22", "text": "of that on all these charts. But if"}, {"start": "00:25:21", "end": "00:25:24", "text": "you're in crypto, if you're getting in"}, {"start": "00:25:22", "end": "00:25:26", "text": "crypto, it's just you you you just have"}, {"start": "00:25:24", "end": "00:25:28", "text": "to live with it. it just is what it is."}, {"start": "00:25:26", "end": "00:25:30", "text": "Like this is what has always happened."}, {"start": "00:25:28", "end": "00:25:32", "text": "Um and in these periods of multi-year"}, {"start": "00:25:30", "end": "00:25:35", "text": "suppression of the business cycle and"}, {"start": "00:25:32", "end": "00:25:38", "text": "suppression of the of crypto in general,"}, {"start": "00:25:35", "end": "00:25:41", "text": "it just gets harder every time. However,"}, {"start": "00:25:38", "end": "00:25:43", "text": "with that being said, I mean on this"}, {"start": "00:25:41", "end": "00:25:45", "text": "chart even right now, I'm actually kind"}, {"start": "00:25:43", "end": "00:25:47", "text": "of curious to see how the continued like"}, {"start": "00:25:45", "end": "00:25:49", "text": "coiling of these moving average sets up."}, {"start": "00:25:47", "end": "00:25:52", "text": "We had the rejection at the 200 day"}, {"start": "00:25:49", "end": "00:25:54", "text": "moving average and we're we're"}, {"start": "00:25:52", "end": "00:25:57", "text": "ultimately looking for a leveling off of"}, {"start": "00:25:54", "end": "00:25:59", "text": "the 200 day to start an uptrend, right?"}, {"start": "00:25:57", "end": "00:26:01", "text": "So, it it kind of does even though we"}, {"start": "00:25:59", "end": "00:26:04", "text": "can sit here and call it manipulation,"}, {"start": "00:26:01", "end": "00:26:05", "text": "man. 50% wiped out. It does make sense"}, {"start": "00:26:04", "end": "00:26:07", "text": "to have a 200 day moving average"}, {"start": "00:26:05", "end": "00:26:08", "text": "resistance. It's exactly what happened"}, {"start": "00:26:07", "end": "00:26:10", "text": "on Bitcoin's daily chart. 200 day moving"}, {"start": "00:26:08", "end": "00:26:13", "text": "average resistance more volatile to the"}, {"start": "00:26:10", "end": "00:26:16", "text": "downside on SU. But what happens uh at"}, {"start": "00:26:13", "end": "00:26:18", "text": "these moving averages, right? we start"}, {"start": "00:26:16", "end": "00:26:20", "text": "getting some type of support even I"}, {"start": "00:26:18", "end": "00:26:21", "text": "don't know if this is going to hold uh"}, {"start": "00:26:20", "end": "00:26:23", "text": "going into this new week but we start"}, {"start": "00:26:21", "end": "00:26:25", "text": "seeing sui get support at these moving"}, {"start": "00:26:23", "end": "00:26:28", "text": "averages the 20 and 50 making another"}, {"start": "00:26:25", "end": "00:26:29", "text": "test of the 200 and breaking the 200"}, {"start": "00:26:28", "end": "00:26:31", "text": "then we're starting to talk about a"}, {"start": "00:26:29", "end": "00:26:33", "text": "macro reversal for sui everybody wants"}, {"start": "00:26:31", "end": "00:26:35", "text": "to sit out there and be all bearish"}, {"start": "00:26:33", "end": "00:26:38", "text": "right now fine have fun like wait till"}, {"start": "00:26:35", "end": "00:26:41", "text": "an October low have fun with that maybe"}, {"start": "00:26:38", "end": "00:26:43", "text": "it happens and maybe I'm here sitting"}, {"start": "00:26:41", "end": "00:26:45", "text": "you know bullish the whole way down and"}, {"start": "00:26:43", "end": "00:26:48", "text": "optimistic the whole way"}, {"start": "00:26:45", "end": "00:26:51", "text": "I'm I'm balancing my risk in that"}, {"start": "00:26:48", "end": "00:26:54", "text": "environment if it happens right over the"}, {"start": "00:26:51", "end": "00:26:56", "text": "next 6 months or however long that is."}, {"start": "00:26:54", "end": "00:27:00", "text": "However, at the same time, what if that"}, {"start": "00:26:56", "end": "00:27:03", "text": "doesn't happen? And what if what if the"}, {"start": "00:27:00", "end": "00:27:06", "text": "the bull thesis does play out way sooner"}, {"start": "00:27:03", "end": "00:27:08", "text": "than waiting until the end of the year?"}, {"start": "00:27:06", "end": "00:27:10", "text": "I think it's a very good idea to be"}, {"start": "00:27:08", "end": "00:27:11", "text": "positioned for that as well. And again,"}, {"start": "00:27:10", "end": "00:27:13", "text": "I come back to this. I don't know if"}, {"start": "00:27:11", "end": "00:27:15", "text": "you're new to the live stream right now,"}, {"start": "00:27:13", "end": "00:27:17", "text": "but I just think this is a great post."}, {"start": "00:27:15", "end": "00:27:19", "text": "Crypto is dominated by speculators and"}, {"start": "00:27:17", "end": "00:27:21", "text": "younger traders. Virtually no time"}, {"start": "00:27:19", "end": "00:27:24", "text": "horizon or attention span. As crypto"}, {"start": "00:27:21", "end": "00:27:25", "text": "takes over, same thing happening is"}, {"start": "00:27:24", "end": "00:27:28", "text": "happening to all markets. In such a"}, {"start": "00:27:25", "end": "00:27:30", "text": "world, there's a great edge in simply"}, {"start": "00:27:28", "end": "00:27:32", "text": "having a boomer time horizon. All my big"}, {"start": "00:27:30", "end": "00:27:34", "text": "wins have been buying distressed assets,"}, {"start": "00:27:32", "end": "00:27:36", "text": "working to improve them, and thinking in"}, {"start": "00:27:34", "end": "00:27:38", "text": "terms of years versus weeks. This is"}, {"start": "00:27:36", "end": "00:27:41", "text": "exactly where my mindset comes from."}, {"start": "00:27:38", "end": "00:27:41", "text": "everybody."}, {"start": "00:27:42", "end": "00:27:46", "text": "Man, I could I could just do bare"}, {"start": "00:27:44", "end": "00:27:49", "text": "content and I I get such better"}, {"start": "00:27:46", "end": "00:27:52", "text": "engagement. I would get probably way"}, {"start": "00:27:49", "end": "00:27:54", "text": "better comments, but I'm not that's not"}, {"start": "00:27:52", "end": "00:27:58", "text": "what I'm here for. I'm just not I'm not"}, {"start": "00:27:54", "end": "00:27:58", "text": "here I'm not here to do that."}, {"start": "00:28:00", "end": "00:28:05", "text": "So, I think so many"}, {"start": "00:28:03", "end": "00:28:08", "text": "so many people that were, you know, so"}, {"start": "00:28:05", "end": "00:28:10", "text": "bullish not even that long ago have"}, {"start": "00:28:08", "end": "00:28:13", "text": "jumped on the bear wag the bear"}, {"start": "00:28:10", "end": "00:28:14", "text": "bandwagon and that's fine. They can do"}, {"start": "00:28:13", "end": "00:28:17", "text": "that."}, {"start": "00:28:14", "end": "00:28:21", "text": "But if if I'm not sitting here and"}, {"start": "00:28:17", "end": "00:28:24", "text": "shorting crypto, right? And especially"}, {"start": "00:28:21", "end": "00:28:26", "text": "if back in like September or October,"}, {"start": "00:28:24", "end": "00:28:28", "text": "which by the way, none of your favorite"}, {"start": "00:28:26", "end": "00:28:31", "text": "bears, I don't think, were calling a"}, {"start": "00:28:28", "end": "00:28:33", "text": "bare market then, maybe calling for a"}, {"start": "00:28:31", "end": "00:28:35", "text": "new all-time high soon."}, {"start": "00:28:33", "end": "00:28:38", "text": "I don't think they were sitting there"}, {"start": "00:28:35", "end": "00:28:41", "text": "shorting, right? I don't think on the"}, {"start": "00:28:38", "end": "00:28:43", "text": "way down they're they're they're sitting"}, {"start": "00:28:41", "end": "00:28:45", "text": "here shorting. My point is, if I'm not"}, {"start": "00:28:43", "end": "00:28:46", "text": "if I'm not shorting crypto right now, if"}, {"start": "00:28:45", "end": "00:28:49", "text": "I'm not a trader in that regard, why"}, {"start": "00:28:46", "end": "00:28:52", "text": "would I why would I sit here and do that"}, {"start": "00:28:49", "end": "00:28:55", "text": "when I'm a macro crypto investor?"}, {"start": "00:28:52", "end": "00:28:55", "text": "Um,"}, {"start": "00:28:57", "end": "00:29:03", "text": "somebody in the comments said, \"Your"}, {"start": "00:28:58", "end": "00:29:03", "text": "thumbnail, my thumbnail is bearish.\""}, {"start": "00:29:03", "end": "00:29:08", "text": "But you know what?"}, {"start": "00:29:06", "end": "00:29:11", "text": "Crypto 7."}, {"start": "00:29:08", "end": "00:29:15", "text": "My thumbnail is, I would say, an"}, {"start": "00:29:11", "end": "00:29:17", "text": "illustration of probably how most of the"}, {"start": "00:29:15", "end": "00:29:18", "text": "people in the chat feel right now. Even"}, {"start": "00:29:17", "end": "00:29:21", "text": "how I feel, as bullish as I am, it's a"}, {"start": "00:29:18", "end": "00:29:26", "text": "mess, dude. Crypto's a mess. I I I go on"}, {"start": "00:29:21", "end": "00:29:28", "text": "X and it's just like it's ridiculous the"}, {"start": "00:29:26", "end": "00:29:30", "text": "what I see, whether it's charts or"}, {"start": "00:29:28", "end": "00:29:32", "text": "whether it's just like headlines and"}, {"start": "00:29:30", "end": "00:29:34", "text": "news. I mean, look at all these things"}, {"start": "00:29:32", "end": "00:29:36", "text": "that we just went through. Ethereum"}, {"start": "00:29:34", "end": "00:29:38", "text": "losing and top builders, Cardano"}, {"start": "00:29:36", "end": "00:29:42", "text": "governance drama, SWU is crashing, Trump"}, {"start": "00:29:38", "end": "00:29:44", "text": "s Trump Truth Socialing BTC ETF. I don't"}, {"start": "00:29:42", "end": "00:29:45", "text": "think there's any better visualization"}, {"start": "00:29:44", "end": "00:29:50", "text": "of all of these headlines than my"}, {"start": "00:29:45", "end": "00:29:51", "text": "thumbnail. So, doesn't make me"}, {"start": "00:29:50", "end": "00:29:54", "text": "doesn't make me personally bearish. I'm"}, {"start": "00:29:51", "end": "00:29:55", "text": "just saying crypto's a mess. I don't"}, {"start": "00:29:54", "end": "00:29:59", "text": "think you can argue with that. So, maybe"}, {"start": "00:29:55", "end": "00:29:59", "text": "that's a little bit of a"}, {"start": "00:29:59", "end": "00:30:05", "text": "maybe that's a little bit of a insight."}, {"start": "00:30:08", "end": "00:30:16", "text": "be fine, Dan. 2018 was worse. Um,"}, {"start": "00:30:13", "end": "00:30:18", "text": "it's interesting because like it feels"}, {"start": "00:30:16", "end": "00:30:21", "text": "like 2018"}, {"start": "00:30:18", "end": "00:30:24", "text": "in terms of"}, {"start": "00:30:21", "end": "00:30:28", "text": "how bad it is, but at the same time, it"}, {"start": "00:30:24", "end": "00:30:30", "text": "feels worse. And probably because if you"}, {"start": "00:30:28", "end": "00:30:31", "text": "go to something like an Ethereum chart"}, {"start": "00:30:30", "end": "00:30:33", "text": "or I mean really the best chart is"}, {"start": "00:30:31", "end": "00:30:35", "text": "probably just this. This excludes"}, {"start": "00:30:33", "end": "00:30:38", "text": "Bitcoin and Ethereum. You can go to"}, {"start": "00:30:35", "end": "00:30:41", "text": "exclude Bitcoin. It's just this this is"}, {"start": "00:30:38", "end": "00:30:44", "text": "why it feels worse. It's just how long"}, {"start": "00:30:41", "end": "00:30:47", "text": "this has been of"}, {"start": "00:30:44", "end": "00:30:50", "text": "sideways. The market cap of all coins is"}, {"start": "00:30:47", "end": "00:30:52", "text": "the same as it was in 2021 of April. So"}, {"start": "00:30:50", "end": "00:30:53", "text": "over five years ago. And that's"}, {"start": "00:30:52", "end": "00:30:57", "text": "incredible, right? That's why it feels"}, {"start": "00:30:53", "end": "00:30:59", "text": "worse. But I think it I absolutely think"}, {"start": "00:30:57", "end": "00:31:03", "text": "it's it's going to be okay as well. It's"}, {"start": "00:30:59", "end": "00:31:05", "text": "interesting too if you if you go to 2018"}, {"start": "00:31:03", "end": "00:31:10", "text": "it is like this I remember doing like"}, {"start": "00:31:05", "end": "00:31:12", "text": "videos back here right going into 2019"}, {"start": "00:31:10", "end": "00:31:14", "text": "it's interesting to actually look at the"}, {"start": "00:31:12", "end": "00:31:15", "text": "charts this capitulation almost looks"}, {"start": "00:31:14", "end": "00:31:18", "text": "very similar to the capitulation we had"}, {"start": "00:31:15", "end": "00:31:19", "text": "back here in February um I'm not"}, {"start": "00:31:18", "end": "00:31:23", "text": "definitely not saying it's the same I'm"}, {"start": "00:31:19", "end": "00:31:23", "text": "just saying it looks very similar"}, {"start": "00:31:25", "end": "00:31:29", "text": "you know we're going down much further"}, {"start": "00:31:27", "end": "00:31:31", "text": "when so Many influencers are saying the"}, {"start": "00:31:29", "end": "00:31:33", "text": "bottom is in."}, {"start": "00:31:31", "end": "00:31:36", "text": "I mean, man, I feel like I'm I'm first"}, {"start": "00:31:33", "end": "00:31:38", "text": "off, I never say the bottom is in. I"}, {"start": "00:31:36", "end": "00:31:42", "text": "don't say that. Um I think I I I think"}, {"start": "00:31:38", "end": "00:31:43", "text": "after 1010 in October, the capitulation,"}, {"start": "00:31:42", "end": "00:31:44", "text": "I think I might have made the mistake of"}, {"start": "00:31:43", "end": "00:31:47", "text": "being that's the bottom, dude, because I"}, {"start": "00:31:44", "end": "00:31:50", "text": "was crazy. It wasn't the bottom. I was"}, {"start": "00:31:47", "end": "00:31:51", "text": "wrong. But I don't I I I'm not sitting"}, {"start": "00:31:50", "end": "00:31:53", "text": "here saying it's the bottom. If you"}, {"start": "00:31:51", "end": "00:31:54", "text": "watch my videos, you know, all year"}, {"start": "00:31:53", "end": "00:31:57", "text": "long, I've been anticipating the"}, {"start": "00:31:54", "end": "00:31:59", "text": "postquantitative tightening dip. That is"}, {"start": "00:31:57", "end": "00:32:02", "text": "what has been happening all year long."}, {"start": "00:31:59", "end": "00:32:05", "text": "But even as I do my analysis right now,"}, {"start": "00:32:02", "end": "00:32:07", "text": "I'm not at all um sitting here saying"}, {"start": "00:32:05", "end": "00:32:08", "text": "the bottom is in. Like that's why I'm"}, {"start": "00:32:07", "end": "00:32:12", "text": "doing my analysis on Bitcoin. I'm"}, {"start": "00:32:08", "end": "00:32:16", "text": "looking for some strong indicators of a"}, {"start": "00:32:12", "end": "00:32:19", "text": "bottom of support of a macro reversal."}, {"start": "00:32:16", "end": "00:32:21", "text": "Put me aside. I don't see a lot of"}, {"start": "00:32:19", "end": "00:32:22", "text": "content creators."}, {"start": "00:32:21", "end": "00:32:24", "text": "You know, I'm not sitting around"}, {"start": "00:32:22", "end": "00:32:26", "text": "watching YouTube videos all day, but"}, {"start": "00:32:24", "end": "00:32:27", "text": "maybe there are some. But are there a"}, {"start": "00:32:26", "end": "00:32:31", "text": "lot of content creators saying that the"}, {"start": "00:32:27", "end": "00:32:34", "text": "bottom was in? Are there really?"}, {"start": "00:32:31", "end": "00:32:34", "text": "I don't know."}, {"start": "00:32:35", "end": "00:32:40", "text": "And then you have the flip side. Most"}, {"start": "00:32:37", "end": "00:32:43", "text": "influencers are calling for 40k."}, {"start": "00:32:40", "end": "00:32:45", "text": "Do you see? Nobody knows, man. It's"}, {"start": "00:32:43", "end": "00:32:48", "text": "crazy."}, {"start": "00:32:45", "end": "00:32:51", "text": "So, we have"}, {"start": "00:32:48", "end": "00:32:53", "text": "one person in the comment saying, \"Most"}, {"start": "00:32:51", "end": "00:32:55", "text": "influencers are saying the bottom is"}, {"start": "00:32:53", "end": "00:32:57", "text": "in.\" And then a minute later, another"}, {"start": "00:32:55", "end": "00:32:59", "text": "person saying, \"Most influencers are"}, {"start": "00:32:57", "end": "00:33:02", "text": "calling for $40,000.\""}, {"start": "00:32:59", "end": "00:33:02", "text": "It's incredible."}, {"start": "00:33:03", "end": "00:33:09", "text": "Nobody knows. Nobody knows at all. Um,"}, {"start": "00:33:15", "end": "00:33:19", "text": "I'm just seeing what y'all"}, {"start": "00:33:20", "end": "00:33:25", "text": "Hey Dan, what are your thoughts on"}, {"start": "00:33:22", "end": "00:33:26", "text": "Midnight?"}, {"start": "00:33:25", "end": "00:33:28", "text": "Look at this. I mean, this is the chart"}, {"start": "00:33:26", "end": "00:33:31", "text": "on midnight. I guess I can remove this"}, {"start": "00:33:28", "end": "00:33:34", "text": "fractal now."}, {"start": "00:33:31", "end": "00:33:37", "text": "What a just what a messy chart. And it"}, {"start": "00:33:34", "end": "00:33:39", "text": "is these wicks are actually real, too."}, {"start": "00:33:37", "end": "00:33:41", "text": "Like I think I like you'll see midnight"}, {"start": "00:33:39", "end": "00:33:43", "text": "just pumping and then just boom,"}, {"start": "00:33:41", "end": "00:33:45", "text": "completely smacked right back down."}, {"start": "00:33:43", "end": "00:33:47", "text": "Midnight's this thing where it's just"}, {"start": "00:33:45", "end": "00:33:49", "text": "like, you know,"}, {"start": "00:33:47", "end": "00:33:51", "text": "it's I think it's going to do phenomenal"}, {"start": "00:33:49", "end": "00:33:56", "text": "in a in a bull market. Um, this is one"}, {"start": "00:33:51", "end": "00:33:59", "text": "of my higher risk plays, Midnight. Um,"}, {"start": "00:33:56", "end": "00:34:01", "text": "it's definitely for me in like and I"}, {"start": "00:33:59", "end": "00:34:04", "text": "guess I I should speak to this a little"}, {"start": "00:34:01", "end": "00:34:05", "text": "bit in terms within context to Cardano."}, {"start": "00:34:04", "end": "00:34:08", "text": "For me, when I think of Knight, I think"}, {"start": "00:34:05", "end": "00:34:12", "text": "of Cardano. I I almost bunch them"}, {"start": "00:34:08", "end": "00:34:14", "text": "together, but in the sense of Knight"}, {"start": "00:34:12", "end": "00:34:16", "text": "will outperform Cardano in a bull"}, {"start": "00:34:14", "end": "00:34:20", "text": "market. I just think it will in my"}, {"start": "00:34:16", "end": "00:34:24", "text": "opinion. Um, with that being said, when"}, {"start": "00:34:20", "end": "00:34:25", "text": "I think of the ADA that I hold, I almost"}, {"start": "00:34:24", "end": "00:34:26", "text": "simultaneously think of the night hold."}, {"start": "00:34:25", "end": "00:34:28", "text": "When I think of the night hold, I think"}, {"start": "00:34:26", "end": "00:34:31", "text": "of the ADA hold because it's just"}, {"start": "00:34:28", "end": "00:34:34", "text": "they're both coming out of IO"}, {"start": "00:34:31", "end": "00:34:37", "text": "and it's just in that ecosystem, right?"}, {"start": "00:34:34", "end": "00:34:39", "text": "Um, I think this is like a hedge against"}, {"start": "00:34:37", "end": "00:34:42", "text": "any diminished returns Cardano might"}, {"start": "00:34:39", "end": "00:34:44", "text": "return. Um, but even with that, and"}, {"start": "00:34:42", "end": "00:34:46", "text": "speaking very transparently with you,"}, {"start": "00:34:44", "end": "00:34:50", "text": "I'm I've been very tired of the drama"}, {"start": "00:34:46", "end": "00:34:54", "text": "with Cardano. I I've become so jaded"}, {"start": "00:34:50", "end": "00:34:57", "text": "over years of seeing it um the"}, {"start": "00:34:54", "end": "00:35:00", "text": "leadership and that's why many of you"}, {"start": "00:34:57", "end": "00:35:03", "text": "know I've I mean I've heavily"}, {"start": "00:35:00", "end": "00:35:06", "text": "reallocated my portfolio just because"}, {"start": "00:35:03", "end": "00:35:08", "text": "it's become so tiring as well as just"}, {"start": "00:35:06", "end": "00:35:12", "text": "other opportunities have have come up"}, {"start": "00:35:08", "end": "00:35:13", "text": "thinking of things like SUI um you know"}, {"start": "00:35:12", "end": "00:35:15", "text": "and there's others out there too I mean"}, {"start": "00:35:13", "end": "00:35:17", "text": "there's so many opportunities across the"}, {"start": "00:35:15", "end": "00:35:19", "text": "board that's not me saying Cardano is"}, {"start": "00:35:17", "end": "00:35:21", "text": "not going to do well in a bull market. I"}, {"start": "00:35:19", "end": "00:35:23", "text": "think it will and I want it to succeed."}, {"start": "00:35:21", "end": "00:35:25", "text": "I just did this long video yesterday"}, {"start": "00:35:23", "end": "00:35:28", "text": "because I want to see ADA do well, but"}, {"start": "00:35:25", "end": "00:35:30", "text": "um I think Knight will outperform I"}, {"start": "00:35:28", "end": "00:35:31", "text": "think Knight will do very well in a bull"}, {"start": "00:35:30", "end": "00:35:33", "text": "market. I think it's going to outperform"}, {"start": "00:35:31", "end": "00:35:36", "text": "many coins. So, it's a very good hedge"}, {"start": "00:35:33", "end": "00:35:39", "text": "in terms of that, but again, also a"}, {"start": "00:35:36", "end": "00:35:43", "text": "little bit just a high high risk high"}, {"start": "00:35:39", "end": "00:35:45", "text": "return type of type of play. So,"}, {"start": "00:35:43", "end": "00:35:47", "text": "um,"}, {"start": "00:35:45", "end": "00:35:50", "text": "what's crazy is I don't know if I have"}, {"start": "00:35:47", "end": "00:35:53", "text": "this chart, but you know, Ando was"}, {"start": "00:35:50", "end": "00:35:56", "text": "pumping. Ando has insane narrative right"}, {"start": "00:35:53", "end": "00:36:00", "text": "now as well. Um, actually didn't didn't"}, {"start": "00:35:56", "end": "00:36:01", "text": "wipe out gains as much as, but is"}, {"start": "00:36:00", "end": "00:36:04", "text": "another interesting one. I don't hold"}, {"start": "00:36:01", "end": "00:36:06", "text": "it. And it's just kind of like,"}, {"start": "00:36:04", "end": "00:36:09", "text": "you know, there's there's just coins"}, {"start": "00:36:06", "end": "00:36:10", "text": "that I just I know are going to do. I"}, {"start": "00:36:09", "end": "00:36:11", "text": "don't know. I don't know anything but I"}, {"start": "00:36:10", "end": "00:36:14", "text": "think are going to do very well and I"}, {"start": "00:36:11", "end": "00:36:17", "text": "don't hold them just because I've I've"}, {"start": "00:36:14", "end": "00:36:19", "text": "just like kind of spread my portfolio"}, {"start": "00:36:17", "end": "00:36:21", "text": "just kind of too thin. Not too thin but"}, {"start": "00:36:19", "end": "00:36:23", "text": "in the sense of I'm very comfortable"}, {"start": "00:36:21", "end": "00:36:25", "text": "with the holdings that I have and it's"}, {"start": "00:36:23", "end": "00:36:27", "text": "just like I don't want to just keep like"}, {"start": "00:36:25", "end": "00:36:29", "text": "I don't want it too diversified. I don't"}, {"start": "00:36:27", "end": "00:36:32", "text": "like having portfolio that has too many"}, {"start": "00:36:29", "end": "00:36:36", "text": "coins in it. Um, but Ando is one that I"}, {"start": "00:36:32", "end": "00:36:36", "text": "think is going to do awesome."}, {"start": "00:36:39", "end": "00:36:44", "text": "Invest answers and discover crypto say"}, {"start": "00:36:41", "end": "00:36:46", "text": "bottom is in. That's interesting. I"}, {"start": "00:36:44", "end": "00:36:47", "text": "That is actually very interesting. It's"}, {"start": "00:36:46", "end": "00:36:49", "text": "I'm I'm kind of curious about all the"}, {"start": "00:36:47", "end": "00:36:54", "text": "content creators that are saying bottom"}, {"start": "00:36:49", "end": "00:36:54", "text": "is in or or the bottom is not in."}, {"start": "00:36:58", "end": "00:37:03", "text": "Dog and Knight will bring me back to"}, {"start": "00:37:00", "end": "00:37:03", "text": "even. Man,"}, {"start": "00:37:04", "end": "00:37:08", "text": "they're both very bullish. Dog is"}, {"start": "00:37:07", "end": "00:37:11", "text": "probably my favorite altcoin. It's"}, {"start": "00:37:08", "end": "00:37:11", "text": "crazy."}, {"start": "00:37:18", "end": "00:37:22", "text": "I'm just reading comments, everybody."}, {"start": "00:37:33", "end": "00:37:36", "text": "I don't know if the question is do I"}, {"start": "00:37:34", "end": "00:37:39", "text": "still hold ADA? I currently hold ADA."}, {"start": "00:37:36", "end": "00:37:39", "text": "Yes, I do."}, {"start": "00:37:43", "end": "00:37:47", "text": "But I got to I it's not it's not my most"}, {"start": "00:37:45", "end": "00:37:49", "text": "exciting play right now at all. And I"}, {"start": "00:37:47", "end": "00:37:52", "text": "think that's pretty been pretty obvious"}, {"start": "00:37:49", "end": "00:37:53", "text": "over the last year or so."}, {"start": "00:37:52", "end": "00:37:57", "text": "Appreciate you, man. I hope you're doing"}, {"start": "00:37:53", "end": "00:37:57", "text": "well as well. you and your family do."}, {"start": "00:38:00", "end": "00:38:05", "text": "This is this is a like I like this"}, {"start": "00:38:03", "end": "00:38:08", "text": "comment because even sometimes I think"}, {"start": "00:38:05", "end": "00:38:10", "text": "it but I do step myself I stepped back"}, {"start": "00:38:08", "end": "00:38:12", "text": "from it for a second. Uh it says all"}, {"start": "00:38:10", "end": "00:38:14", "text": "cryptos were doing perfectly fine before"}, {"start": "00:38:12", "end": "00:38:18", "text": "trade fi came in. Let's get back to the"}, {"start": "00:38:14", "end": "00:38:21", "text": "old days. It does feel like that and"}, {"start": "00:38:18", "end": "00:38:26", "text": "again like I think that too"}, {"start": "00:38:21", "end": "00:38:29", "text": "but again for me"}, {"start": "00:38:26", "end": "00:38:31", "text": "it looks that way but I don't think it"}, {"start": "00:38:29", "end": "00:38:35", "text": "is that way. I don't think it is that"}, {"start": "00:38:31", "end": "00:38:35", "text": "way at all. Um"}, {"start": "00:38:37", "end": "00:38:41", "text": "reason being is because like if I I can"}, {"start": "00:38:40", "end": "00:38:44", "text": "have I can have two thoughts. I don't"}, {"start": "00:38:41", "end": "00:38:46", "text": "feel like I can have both. So, that's"}, {"start": "00:38:44", "end": "00:38:48", "text": "one thought, right? They've ruined it"}, {"start": "00:38:46", "end": "00:38:52", "text": "all. Crypto, the fun is over. That's one"}, {"start": "00:38:48", "end": "00:38:55", "text": "thought. But the other thought is"}, {"start": "00:38:52", "end": "00:38:58", "text": "it's this. It's the PMI."}, {"start": "00:38:55", "end": "00:39:00", "text": "It's it's the business cycle."}, {"start": "00:38:58", "end": "00:39:03", "text": "It's this has been such a"}, {"start": "00:39:00", "end": "00:39:06", "text": "record-breaking, terrible, sideways"}, {"start": "00:39:03", "end": "00:39:08", "text": "trade for crypto, especially altcoins,"}, {"start": "00:39:06", "end": "00:39:10", "text": "because of what the Fed was doing with"}, {"start": "00:39:08", "end": "00:39:12", "text": "liquidity, right? the extraction of"}, {"start": "00:39:10", "end": "00:39:14", "text": "liquidity and how that works out for"}, {"start": "00:39:12", "end": "00:39:17", "text": "something like the crypto space, crypto"}, {"start": "00:39:14", "end": "00:39:20", "text": "assets. It's one or the other for me."}, {"start": "00:39:17", "end": "00:39:21", "text": "And for me, I think it's way too easy to"}, {"start": "00:39:20", "end": "00:39:24", "text": "sit here and come on do videos every day"}, {"start": "00:39:21", "end": "00:39:27", "text": "and be like, man, institutionalization"}, {"start": "00:39:24", "end": "00:39:29", "text": "of crypto ruined it. Game over. The fun"}, {"start": "00:39:27", "end": "00:39:32", "text": "is over."}, {"start": "00:39:29", "end": "00:39:35", "text": "It's easy to do it, but that would"}, {"start": "00:39:32", "end": "00:39:36", "text": "become number one, repetitive, and"}, {"start": "00:39:35", "end": "00:39:39", "text": "mainly number two, I just don't think"}, {"start": "00:39:36", "end": "00:39:42", "text": "that's what it is. I don't at all. And"}, {"start": "00:39:39", "end": "00:39:43", "text": "actually what I do think is the"}, {"start": "00:39:42", "end": "00:39:46", "text": "institutionalization,"}, {"start": "00:39:43", "end": "00:39:50", "text": "the game theory that is happening from"}, {"start": "00:39:46", "end": "00:39:54", "text": "from a global standpoint and governments"}, {"start": "00:39:50", "end": "00:39:57", "text": "adopting Bitcoin and crypto."}, {"start": "00:39:54", "end": "00:39:59", "text": "The game theory that is behind that"}, {"start": "00:39:57", "end": "00:40:02", "text": "plays into"}, {"start": "00:39:59", "end": "00:40:05", "text": "like a valuation increase, meaning the"}, {"start": "00:40:02", "end": "00:40:09", "text": "fun is not over and it actually might"}, {"start": "00:40:05", "end": "00:40:11", "text": "make it even more more fun. Um, however,"}, {"start": "00:40:09", "end": "00:40:15", "text": "we are dealing with a lot of different"}, {"start": "00:40:11", "end": "00:40:18", "text": "things when it comes to when it comes to"}, {"start": "00:40:15", "end": "00:40:18", "text": "the macro"}, {"start": "00:40:24", "end": "00:40:28", "text": "cryptos. I love I I really do like I'm"}, {"start": "00:40:26", "end": "00:40:31", "text": "not just saying this. I'm really not. I"}, {"start": "00:40:28", "end": "00:40:33", "text": "just like comments like this. Crypto's"}, {"start": "00:40:31", "end": "00:40:36", "text": "done, man. There's no point in blindly"}, {"start": "00:40:33", "end": "00:40:38", "text": "bullish."}, {"start": "00:40:36", "end": "00:40:39", "text": "Incredible. If you think about I don't"}, {"start": "00:40:38", "end": "00:40:41", "text": "know who this person is. I hope they"}, {"start": "00:40:39", "end": "00:40:44", "text": "have a great day and I hope they have a"}, {"start": "00:40:41", "end": "00:40:46", "text": "beautiful weekend. I really do. But if"}, {"start": "00:40:44", "end": "00:40:49", "text": "you think about it, why are why are they"}, {"start": "00:40:46", "end": "00:40:52", "text": "in a crypto live stream"}, {"start": "00:40:49", "end": "00:40:54", "text": "with that mentality?"}, {"start": "00:40:52", "end": "00:40:56", "text": "Good evening. Crypto is in the house."}, {"start": "00:40:54", "end": "00:40:57", "text": "Dan, thanks for joining our show this"}, {"start": "00:40:56", "end": "00:41:00", "text": "week. Hope everyone is having a great"}, {"start": "00:40:57", "end": "00:41:02", "text": "weekend. Abs and Johnny."}, {"start": "00:41:00", "end": "00:41:05", "text": "Dude, it was awesome hanging out with"}, {"start": "00:41:02", "end": "00:41:08", "text": "you guys. It really It really was"}, {"start": "00:41:05", "end": "00:41:09", "text": "refreshing. I was I was telling my wife"}, {"start": "00:41:08", "end": "00:41:11", "text": "I was even I had a conversation with my"}, {"start": "00:41:09", "end": "00:41:13", "text": "dad last night and I I brought it up. It"}, {"start": "00:41:11", "end": "00:41:16", "text": "was very refreshing, man. Just hanging"}, {"start": "00:41:13", "end": "00:41:18", "text": "out with y'all in a live stream. Um and"}, {"start": "00:41:16", "end": "00:41:20", "text": "I think even me hopping on a live stream"}, {"start": "00:41:18", "end": "00:41:21", "text": "today, I think you guys inspired me. I'm"}, {"start": "00:41:20", "end": "00:41:22", "text": "just like I'm just going on a live"}, {"start": "00:41:21", "end": "00:41:24", "text": "stream right now to talk. I just feel"}, {"start": "00:41:22", "end": "00:41:26", "text": "like talking. I don't feel like, you"}, {"start": "00:41:24", "end": "00:41:29", "text": "know,"}, {"start": "00:41:26", "end": "00:41:31", "text": "overthinking it. So, I appreciate you"}, {"start": "00:41:29", "end": "00:41:33", "text": "guys having me on. When we get into bull"}, {"start": "00:41:31", "end": "00:41:34", "text": "environments, it's going to be we're I'm"}, {"start": "00:41:33", "end": "00:41:36", "text": "gonna have you guys on the channel."}, {"start": "00:41:34", "end": "00:41:38", "text": "We're going to hang out. We're going to"}, {"start": "00:41:36", "end": "00:41:42", "text": "attract the bull moves. And we're going"}, {"start": "00:41:38", "end": "00:41:42", "text": "to have some fun."}, {"start": "00:41:50", "end": "00:41:54", "text": "I saw a comment. I'm trying to find it."}, {"start": "00:41:52", "end": "00:41:57", "text": "I can't find it. I think it was about"}, {"start": "00:41:54", "end": "00:41:57", "text": "Kevin Walsh."}, {"start": "00:42:00", "end": "00:42:04", "text": "Starting to think it might be time to"}, {"start": "00:42:01", "end": "00:42:08", "text": "get off X."}, {"start": "00:42:04", "end": "00:42:08", "text": "You're not the only one, dude."}, {"start": "00:42:08", "end": "00:42:13", "text": "But as somebody that is in crypto,"}, {"start": "00:42:12", "end": "00:42:16", "text": "crypto content creator is almost"}, {"start": "00:42:13", "end": "00:42:16", "text": "impossible."}, {"start": "00:42:18", "end": "00:42:24", "text": "By the way, everybody, go subscribe to"}, {"start": "00:42:20", "end": "00:42:24", "text": "Good Evening Crypto over there."}, {"start": "00:42:25", "end": "00:42:28", "text": "Do it."}, {"start": "00:42:30", "end": "00:42:34", "text": "All right. I can't find the comment. I"}, {"start": "00:42:31", "end": "00:42:34", "text": "don't know."}, {"start": "00:42:41", "end": "00:42:44", "text": "Dan, bro, I've been looking at your"}, {"start": "00:42:42", "end": "00:42:46", "text": "videos three years, but how old are you"}, {"start": "00:42:44", "end": "00:42:48", "text": "anyway? Just something I thought I"}, {"start": "00:42:46", "end": "00:42:50", "text": "thought of now. I don't know. How old do"}, {"start": "00:42:48", "end": "00:42:53", "text": "you I wonder how old you guys think I"}, {"start": "00:42:50", "end": "00:42:56", "text": "am? Actually, I'm sure many of you know."}, {"start": "00:42:53", "end": "00:42:59", "text": "The comment about Kevin Walsh was about"}, {"start": "00:42:56", "end": "00:43:04", "text": "um"}, {"start": "00:42:59", "end": "00:43:04", "text": "he's not gonna he's not going to"}, {"start": "00:43:04", "end": "00:43:08", "text": "not going to lower interest rates next"}, {"start": "00:43:06", "end": "00:43:11", "text": "month."}, {"start": "00:43:08", "end": "00:43:13", "text": "And I would never sit here in this"}, {"start": "00:43:11", "end": "00:43:16", "text": "moment right now and say that Kevin"}, {"start": "00:43:13", "end": "00:43:18", "text": "Walsh is going to lower interest rates"}, {"start": "00:43:16", "end": "00:43:21", "text": "at his first meeting. I would not say"}, {"start": "00:43:18", "end": "00:43:22", "text": "that at all. In fact, strategically, I"}, {"start": "00:43:21", "end": "00:43:24", "text": "don't I don't even think they would do"}, {"start": "00:43:22", "end": "00:43:28", "text": "that. I don't even think I don't even"}, {"start": "00:43:24", "end": "00:43:29", "text": "think he would try to do that. Um,"}, {"start": "00:43:28", "end": "00:43:32", "text": "and that's not what I've been saying at"}, {"start": "00:43:29", "end": "00:43:35", "text": "all. However,"}, {"start": "00:43:32", "end": "00:43:38", "text": "if you think about this"}, {"start": "00:43:35", "end": "00:43:41", "text": "as we have this new Fed chair coming"}, {"start": "00:43:38", "end": "00:43:42", "text": "into play, right, and I can't stop"}, {"start": "00:43:41", "end": "00:43:44", "text": "thinking about this. I'm telling you,"}, {"start": "00:43:42", "end": "00:43:47", "text": "I'm so curious to see how this how this"}, {"start": "00:43:44", "end": "00:43:49", "text": "plays out. We have this finally new Fed"}, {"start": "00:43:47", "end": "00:43:52", "text": "chair coming into play."}, {"start": "00:43:49", "end": "00:43:55", "text": "Kevin Besson going on like a media tour"}, {"start": "00:43:52", "end": "00:43:59", "text": "talking about disinflation. That is a"}, {"start": "00:43:55", "end": "00:44:01", "text": "Treasury Secretary by the way everybody."}, {"start": "00:43:59", "end": "00:44:03", "text": "He's going on this media tour talking"}, {"start": "00:44:01", "end": "00:44:05", "text": "about disinflation."}, {"start": "00:44:03", "end": "00:44:07", "text": "How is he doing like why why would you"}, {"start": "00:44:05", "end": "00:44:12", "text": "do that?"}, {"start": "00:44:07", "end": "00:44:13", "text": "That is a very very high up role, right?"}, {"start": "00:44:12", "end": "00:44:15", "text": "Why would you why would you talk about"}, {"start": "00:44:13", "end": "00:44:18", "text": "disinflation when there's a war in the"}, {"start": "00:44:15", "end": "00:44:24", "text": "Middle East that is driving gas"}, {"start": "00:44:18", "end": "00:44:27", "text": "gas prices incredibly high, right?"}, {"start": "00:44:24", "end": "00:44:30", "text": "And driving inflation high like short"}, {"start": "00:44:27", "end": "00:44:33", "text": "this this what you see here which is"}, {"start": "00:44:30", "end": "00:44:34", "text": "oil. This is why in we were we were"}, {"start": "00:44:33", "end": "00:44:36", "text": "doing fine. Inflation was starting to"}, {"start": "00:44:34", "end": "00:44:37", "text": "come back down. Remember I mean this was"}, {"start": "00:44:36", "end": "00:44:40", "text": "like this was very bullish just months"}, {"start": "00:44:37", "end": "00:44:44", "text": "ago and then boom the war started. Oil"}, {"start": "00:44:40", "end": "00:44:45", "text": "just went crazy. And then what happened?"}, {"start": "00:44:44", "end": "00:44:47", "text": "Inflation data coming out. Everybody's"}, {"start": "00:44:45", "end": "00:44:48", "text": "talking about inflation. Everybody's"}, {"start": "00:44:47", "end": "00:44:50", "text": "talking about interest rate hikes."}, {"start": "00:44:48", "end": "00:44:52", "text": "Everybody's talking about interest rate"}, {"start": "00:44:50", "end": "00:44:55", "text": "hikes. While Trump is saying we're going"}, {"start": "00:44:52", "end": "00:44:57", "text": "to get interest rates down quickly. And"}, {"start": "00:44:55", "end": "00:45:00", "text": "while Kevin Besson is talking about"}, {"start": "00:44:57", "end": "00:45:01", "text": "disinflation and Kevin Walsh, the new"}, {"start": "00:45:00", "end": "00:45:04", "text": "Fed chair is talking about AI"}, {"start": "00:45:01", "end": "00:45:06", "text": "productivity boom. Like, you can pick a"}, {"start": "00:45:04", "end": "00:45:07", "text": "side. I'm just choosing I'm I'm just"}, {"start": "00:45:06", "end": "00:45:12", "text": "choosing to pick the side that's coming"}, {"start": "00:45:07", "end": "00:45:12", "text": "out of administration because"}, {"start": "00:45:13", "end": "00:45:20", "text": "I I especially on in a midterm year,"}, {"start": "00:45:17", "end": "00:45:23", "text": "I just don't think that the war is going"}, {"start": "00:45:20", "end": "00:45:26", "text": "to last much longer."}, {"start": "00:45:23", "end": "00:45:28", "text": "Rightfully so. I will say"}, {"start": "00:45:26", "end": "00:45:30", "text": "um"}, {"start": "00:45:28", "end": "00:45:33", "text": "I thought it would end sooner. I really"}, {"start": "00:45:30", "end": "00:45:37", "text": "did. And I thought oil would come back"}, {"start": "00:45:33", "end": "00:45:38", "text": "down sooner. I I did this post."}, {"start": "00:45:37", "end": "00:45:40", "text": "Um ri r r r r r r r r r r r r r r r r r"}, {"start": "00:45:38", "end": "00:45:41", "text": "r r rising oil prices will be shortterm."}, {"start": "00:45:40", "end": "00:45:44", "text": "When the war abruptly ends, watch how"}, {"start": "00:45:41", "end": "00:45:45", "text": "fast oil prices fall. Potentially right"}, {"start": "00:45:44", "end": "00:45:47", "text": "through their previous floor. That was"}, {"start": "00:45:45", "end": "00:45:50", "text": "in March."}, {"start": "00:45:47", "end": "00:45:51", "text": "By the way, I still think that exact"}, {"start": "00:45:50", "end": "00:45:54", "text": "thing. I thought it would have happened"}, {"start": "00:45:51", "end": "00:45:56", "text": "sooner. And even along the way, if I if"}, {"start": "00:45:54", "end": "00:45:57", "text": "I change this, this is oil, by the way."}, {"start": "00:45:56", "end": "00:45:59", "text": "And this has everything to do with your"}, {"start": "00:45:57", "end": "00:46:01", "text": "crypto bags, by the way, everybody."}, {"start": "00:45:59", "end": "00:46:05", "text": "Because if the if the war does abrupt"}, {"start": "00:46:01", "end": "00:46:07", "text": "abruptly end and"}, {"start": "00:46:05", "end": "00:46:09", "text": "um oil does actually start falling and"}, {"start": "00:46:07", "end": "00:46:11", "text": "then we get this disinflation narrative"}, {"start": "00:46:09", "end": "00:46:13", "text": "and then we get the thought of interest"}, {"start": "00:46:11", "end": "00:46:16", "text": "rate cuts back in play and then we get"}, {"start": "00:46:13", "end": "00:46:19", "text": "an economic boom. This is a domino"}, {"start": "00:46:16", "end": "00:46:21", "text": "effect that will like previous cycles."}, {"start": "00:46:19", "end": "00:46:23", "text": "Not this isn't a new world that we'd be"}, {"start": "00:46:21", "end": "00:46:25", "text": "living in. It's a different it's a"}, {"start": "00:46:23", "end": "00:46:28", "text": "different monetary world, right? And"}, {"start": "00:46:25", "end": "00:46:30", "text": "different world of policy. But just like"}, {"start": "00:46:28", "end": "00:46:33", "text": "every other cycle with that expansion"}, {"start": "00:46:30", "end": "00:46:35", "text": "will come down the risk curve uh capital"}, {"start": "00:46:33", "end": "00:46:38", "text": "inflows and crypto will have a bull"}, {"start": "00:46:35", "end": "00:46:40", "text": "market in my opinion. But it all start"}, {"start": "00:46:38", "end": "00:46:41", "text": "it really it really starts here because"}, {"start": "00:46:40", "end": "00:46:44", "text": "what really has thrown a wrench in"}, {"start": "00:46:41", "end": "00:46:48", "text": "things and it might be"}, {"start": "00:46:44", "end": "00:46:53", "text": "kind of this thing that if you look back"}, {"start": "00:46:48", "end": "00:46:54", "text": "helped an explosive move is this. But"}, {"start": "00:46:53", "end": "00:46:56", "text": "you can just see, I mean, I I think even"}, {"start": "00:46:54", "end": "00:46:58", "text": "back here in April, beginning of April,"}, {"start": "00:46:56", "end": "00:47:00", "text": "oil's coming back down. I forget what"}, {"start": "00:46:58", "end": "00:47:01", "text": "was going on then. Maybe potential end"}, {"start": "00:47:00", "end": "00:47:05", "text": "of the war and then it wasn't. And just"}, {"start": "00:47:01", "end": "00:47:07", "text": "look, it's just been just dangling"}, {"start": "00:47:05", "end": "00:47:11", "text": "around the same area up and down, up and"}, {"start": "00:47:07", "end": "00:47:14", "text": "down, fake out after fake out um"}, {"start": "00:47:11", "end": "00:47:16", "text": "in terms of oil. But I do so maybe I"}, {"start": "00:47:14", "end": "00:47:20", "text": "think time frame wise I thought it would"}, {"start": "00:47:16", "end": "00:47:22", "text": "end sooner. Hasn't ended yet. Um, I'm"}, {"start": "00:47:20", "end": "00:47:23", "text": "not getting so faked out as much,"}, {"start": "00:47:22", "end": "00:47:25", "text": "especially when it comes to peace talk"}, {"start": "00:47:23", "end": "00:47:28", "text": "deals. I think there's a big one going"}, {"start": "00:47:25", "end": "00:47:31", "text": "on right now, like a legit big one. I'm"}, {"start": "00:47:28", "end": "00:47:33", "text": "not even really We'll see what happens,"}, {"start": "00:47:31", "end": "00:47:35", "text": "but I do think oil will fall and I think"}, {"start": "00:47:33", "end": "00:47:37", "text": "the the disinflation"}, {"start": "00:47:35", "end": "00:47:41", "text": "narrative will be right back on the"}, {"start": "00:47:37", "end": "00:47:41", "text": "table and"}, {"start": "00:47:48", "end": "00:47:51", "text": "all of those things could possibly"}, {"start": "00:47:49", "end": "00:47:53", "text": "happen by October, but unlikely. that"}, {"start": "00:47:51", "end": "00:47:56", "text": "still puts the timeline as October or"}, {"start": "00:47:53", "end": "00:47:56", "text": "later even"}, {"start": "00:47:56", "end": "00:48:00", "text": "maybe"}, {"start": "00:47:58", "end": "00:48:02", "text": "again maybe I'm wrong maybe it does"}, {"start": "00:48:00", "end": "00:48:04", "text": "maybe maybe all these macro bullish"}, {"start": "00:48:02", "end": "00:48:07", "text": "things"}, {"start": "00:48:04", "end": "00:48:09", "text": "I could very well be right about them"}, {"start": "00:48:07", "end": "00:48:12", "text": "right and that is and this is what's"}, {"start": "00:48:09", "end": "00:48:17", "text": "crazy to me"}, {"start": "00:48:12", "end": "00:48:17", "text": "this is what's crazy if I go to"}, {"start": "00:48:17", "end": "00:48:23", "text": "if I go to a weekly chart this is And I"}, {"start": "00:48:21", "end": "00:48:26", "text": "just want to be on like"}, {"start": "00:48:23", "end": "00:48:28", "text": "let's just go to"}, {"start": "00:48:26", "end": "00:48:31", "text": "right here"}, {"start": "00:48:28", "end": "00:48:33", "text": "excluding Bitcoin."}, {"start": "00:48:31", "end": "00:48:35", "text": "This is what's crazy to me and it'll be"}, {"start": "00:48:33", "end": "00:48:38", "text": "funny and I wouldn't even be surprised"}, {"start": "00:48:35", "end": "00:48:41", "text": "if this is what happens but"}, {"start": "00:48:38", "end": "00:48:43", "text": "you know my thesis of like once PMI goes"}, {"start": "00:48:41", "end": "00:48:45", "text": "into expansion this chart will finally"}, {"start": "00:48:43", "end": "00:48:48", "text": "go into a bull market been what I've"}, {"start": "00:48:45", "end": "00:48:50", "text": "been saying and"}, {"start": "00:48:48", "end": "00:48:53", "text": "you know obviously"}, {"start": "00:48:50", "end": "00:48:54", "text": "it's been years of suppression I all my"}, {"start": "00:48:53", "end": "00:48:59", "text": "analysis has been about this what would"}, {"start": "00:48:54", "end": "00:49:00", "text": "be so funny though is if"}, {"start": "00:48:59", "end": "00:49:03", "text": "this thing just keeps hobbling around"}, {"start": "00:49:00", "end": "00:49:05", "text": "doesn't get expansion until like"}, {"start": "00:49:03", "end": "00:49:08", "text": "September,"}, {"start": "00:49:05", "end": "00:49:11", "text": "October, this thing goes into expansion"}, {"start": "00:49:08", "end": "00:49:14", "text": "finally and crypto follows and it's, you"}, {"start": "00:49:11", "end": "00:49:18", "text": "know, October."}, {"start": "00:49:14", "end": "00:49:18", "text": "I just think it'll be funny"}, {"start": "00:49:19", "end": "00:49:25", "text": "because it's just like the four-year"}, {"start": "00:49:21", "end": "00:49:28", "text": "cycle, the four-ear cycle people"}, {"start": "00:49:25", "end": "00:49:29", "text": "will line up exactly because they're not"}, {"start": "00:49:28", "end": "00:49:31", "text": "their their theory is not based off of"}, {"start": "00:49:29", "end": "00:49:33", "text": "the business cycle and expansion, right?"}, {"start": "00:49:31", "end": "00:49:36", "text": "It's not based on that. I just think it"}, {"start": "00:49:33", "end": "00:49:39", "text": "would be funny if it lines up exactly"}, {"start": "00:49:36", "end": "00:49:42", "text": "with the four-ear cycle people's theory"}, {"start": "00:49:39", "end": "00:49:44", "text": "of a bottom in October and then maybe"}, {"start": "00:49:42", "end": "00:49:46", "text": "expansion into a bull market after that"}, {"start": "00:49:44", "end": "00:49:47", "text": "and the PMI actually does take that"}, {"start": "00:49:46", "end": "00:49:51", "text": "long. I don't know. I don't know if I'm"}, {"start": "00:49:47", "end": "00:49:51", "text": "explaining myself."}, {"start": "00:49:58", "end": "00:50:01", "text": "So, those are my thoughts everybody. I I"}, {"start": "00:50:00", "end": "00:50:03", "text": "was really just going to do like a quick"}, {"start": "00:50:01", "end": "00:50:04", "text": "live stream. I just wanted to chat about"}, {"start": "00:50:03", "end": "00:50:08", "text": "some of these things. These headlines"}, {"start": "00:50:04", "end": "00:50:08", "text": "are crazy. Um,"}, {"start": "00:50:08", "end": "00:50:12", "text": "Ethereum losing top builders, Cardano"}, {"start": "00:50:10", "end": "00:50:14", "text": "governance drama, Sweet crashing,"}, {"start": "00:50:12", "end": "00:50:16", "text": "erasing all the gains, all of these"}, {"start": "00:50:14", "end": "00:50:18", "text": "negative headlines. Um, but there's, if"}, {"start": "00:50:16", "end": "00:50:20", "text": "you zoom out on the charts, if you zoom"}, {"start": "00:50:18", "end": "00:50:22", "text": "out on everything, it's not game over in"}, {"start": "00:50:20", "end": "00:50:24", "text": "my opinion. I'll continue to track my"}, {"start": "00:50:22", "end": "00:50:26", "text": "macro thesis with y'all. And I"}, {"start": "00:50:24", "end": "00:50:28", "text": "appreciate anybody that's still out"}, {"start": "00:50:26", "end": "00:50:29", "text": "there tracking along. I really do. If"}, {"start": "00:50:28", "end": "00:50:32", "text": "you're out there, you're not a"}, {"start": "00:50:29", "end": "00:50:35", "text": "subscriber, subscribe. I like to bring"}, {"start": "00:50:32", "end": "00:50:38", "text": "technical analysis, crypto news, 10, 20"}, {"start": "00:50:35", "end": "00:50:40", "text": "minute videos daily. I try the best I"}, {"start": "00:50:38", "end": "00:50:41", "text": "can. So, if that interests you, hit the"}, {"start": "00:50:40", "end": "00:50:43", "text": "subscribe, hit that like, and if you're"}, {"start": "00:50:41", "end": "00:50:44", "text": "in the live stream right now, smash that"}, {"start": "00:50:43", "end": "00:50:46", "text": "like button. I appreciate you cruising"}, {"start": "00:50:44", "end": "00:50:50", "text": "through. I will see you in the next"}, {"start": "00:50:46", "end": "00:50:50", "text": "video. God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "When I was reading everything this"}, {"start": "00:00:01", "end": "00:00:06", "text": "morning, it genuinely just looks like"}, {"start": "00:00:03", "end": "00:00:09", "text": "Cardano is like 2 days away from cutting"}, {"start": "00:00:06", "end": "00:00:12", "text": "out its own legs right from underneath"}, {"start": "00:00:09", "end": "00:00:13", "text": "itself. Do not do it, Dresps. Don't do"}, {"start": "00:00:12", "end": "00:00:15", "text": "it. All right, I want to start this"}, {"start": "00:00:13", "end": "00:00:17", "text": "video by mentioning a couple things."}, {"start": "00:00:15", "end": "00:00:19", "text": "Number one, to Cardano Dresps, I'm not"}, {"start": "00:00:17", "end": "00:00:21", "text": "here to make you the villain. Number"}, {"start": "00:00:19", "end": "00:00:23", "text": "two, you might have noticed I've stopped"}, {"start": "00:00:21", "end": "00:00:25", "text": "doing as much Cardano content. I've"}, {"start": "00:00:23", "end": "00:00:27", "text": "become very focused on the macro, but I"}, {"start": "00:00:25", "end": "00:00:30", "text": "want to see Cardano win. I was looking"}, {"start": "00:00:27", "end": "00:00:32", "text": "at what's going on within the community"}, {"start": "00:00:30", "end": "00:00:35", "text": "within this proposal, the proposals for"}, {"start": "00:00:32", "end": "00:00:37", "text": "IO and IO funding and it just kind of"}, {"start": "00:00:35", "end": "00:00:39", "text": "blew my mind and I have to make this"}, {"start": "00:00:37", "end": "00:00:41", "text": "video. And number three, as you watch"}, {"start": "00:00:39", "end": "00:00:45", "text": "this video, please keep this in mind."}, {"start": "00:00:41", "end": "00:00:47", "text": "ADA price has nothing nothing to do with"}, {"start": "00:00:45", "end": "00:00:50", "text": "Cardano failing. It has nothing to do"}, {"start": "00:00:47", "end": "00:00:51", "text": "with it. But I will say this, ADA price"}, {"start": "00:00:50", "end": "00:00:53", "text": "has everything to do right now with"}, {"start": "00:00:51", "end": "00:00:55", "text": "where we are in this prolonged"}, {"start": "00:00:53", "end": "00:00:59", "text": "cryptobear market. has everything to do"}, {"start": "00:00:55", "end": "00:01:00", "text": "with how critical of an issue this is."}, {"start": "00:00:59", "end": "00:01:03", "text": "And so I actually just want to start the"}, {"start": "00:01:00", "end": "00:01:07", "text": "video by if you're a Cardano drip and"}, {"start": "00:01:03", "end": "00:01:10", "text": "you have not voted yes on IO funding via"}, {"start": "00:01:07", "end": "00:01:13", "text": "these proposals and I ask this very"}, {"start": "00:01:10", "end": "00:01:14", "text": "respectfully, what are you doing? I do"}, {"start": "00:01:13", "end": "00:01:16", "text": "understand that there are tons of"}, {"start": "00:01:14", "end": "00:01:18", "text": "concerns out there, valid concerns."}, {"start": "00:01:16", "end": "00:01:21", "text": "They're very fair concerns. You want"}, {"start": "00:01:18", "end": "00:01:23", "text": "transparency. You want transparency in"}, {"start": "00:01:21", "end": "00:01:25", "text": "terms of like rates and overhead. You"}, {"start": "00:01:23", "end": "00:01:28", "text": "want it all spelled out. I'm not against"}, {"start": "00:01:25", "end": "00:01:30", "text": "it at all and I completely I'm on board"}, {"start": "00:01:28", "end": "00:01:31", "text": "with you in in that regard. You want to"}, {"start": "00:01:30", "end": "00:01:32", "text": "know where ADA is being spent and all"}, {"start": "00:01:31", "end": "00:01:34", "text": "that good stuff. That's fine. But there"}, {"start": "00:01:32", "end": "00:01:38", "text": "is a very big piece of me that thinks"}, {"start": "00:01:34", "end": "00:01:40", "text": "that the entire reason why this isn't"}, {"start": "00:01:38", "end": "00:01:44", "text": "just getting so easily approved and that"}, {"start": "00:01:40", "end": "00:01:45", "text": "is IO funding is because of where ADA"}, {"start": "00:01:44", "end": "00:01:48", "text": "price is right now. And I'm telling you"}, {"start": "00:01:45", "end": "00:01:50", "text": "right now that is an incredibly big"}, {"start": "00:01:48", "end": "00:01:52", "text": "mistake. And everything that I'm talking"}, {"start": "00:01:50", "end": "00:01:54", "text": "about in this video, this is just an"}, {"start": "00:01:52", "end": "00:01:56", "text": "objective business analysis. That's all"}, {"start": "00:01:54", "end": "00:01:58", "text": "it is. Coming from somebody that's been"}, {"start": "00:01:56", "end": "00:02:01", "text": "in the crypto space as well as a crypto"}, {"start": "00:01:58", "end": "00:02:03", "text": "recruiter for startups in the crypto"}, {"start": "00:02:01", "end": "00:02:06", "text": "space. This is not a Cardano problem."}, {"start": "00:02:03", "end": "00:02:10", "text": "Since December 2024, for instance,"}, {"start": "00:02:06", "end": "00:02:12", "text": "Chainlink is down like 68%. Sui, which"}, {"start": "00:02:10", "end": "00:02:14", "text": "is a project that I'm very bullish on,"}, {"start": "00:02:12", "end": "00:02:18", "text": "is down like 79%."}, {"start": "00:02:14", "end": "00:02:21", "text": "Cardano is down 81%. Avalanche is down"}, {"start": "00:02:18", "end": "00:02:23", "text": "84%. Put aside the outliers because we"}, {"start": "00:02:21", "end": "00:02:25", "text": "have these every single cycle, right?"}, {"start": "00:02:23", "end": "00:02:27", "text": "These things where they're pumping,"}, {"start": "00:02:25", "end": "00:02:29", "text": "maybe even hitting all-time high. Put"}, {"start": "00:02:27", "end": "00:02:31", "text": "aside the outliers. Everyone in the"}, {"start": "00:02:29", "end": "00:02:33", "text": "crypto space is having a very tough time"}, {"start": "00:02:31", "end": "00:02:36", "text": "right now. So, please keep this in mind"}, {"start": "00:02:33", "end": "00:02:40", "text": "when people say that this is the worst"}, {"start": "00:02:36", "end": "00:02:42", "text": "spot Cardano has ever been in. I"}, {"start": "00:02:40", "end": "00:02:45", "text": "actually do not think that's even true."}, {"start": "00:02:42", "end": "00:02:48", "text": "Rightfully so. I think it feels that way"}, {"start": "00:02:45", "end": "00:02:51", "text": "because we're like in this four-year"}, {"start": "00:02:48", "end": "00:02:53", "text": "prolonged bare market of suppression,"}, {"start": "00:02:51", "end": "00:02:55", "text": "especially when it comes to altcoins,"}, {"start": "00:02:53", "end": "00:02:57", "text": "and it looks terrible. It looks terrible"}, {"start": "00:02:55", "end": "00:02:59", "text": "everywhere, but it's not Cardano"}, {"start": "00:02:57", "end": "00:03:02", "text": "failing, and it's certainly not IO's"}, {"start": "00:02:59", "end": "00:03:05", "text": "fault. So, please strip the chart away"}, {"start": "00:03:02", "end": "00:03:07", "text": "and just look at the chain itself as we"}, {"start": "00:03:05", "end": "00:03:10", "text": "kind of discuss this topic. It's one of"}, {"start": "00:03:07", "end": "00:03:14", "text": "the most secure, most decentralized,"}, {"start": "00:03:10", "end": "00:03:16", "text": "most methodically built networks that"}, {"start": "00:03:14", "end": "00:03:20", "text": "currently exist in the crypto space"}, {"start": "00:03:16", "end": "00:03:21", "text": "right now. And it did just survive an"}, {"start": "00:03:20", "end": "00:03:23", "text": "incredibly long bare market. But do you"}, {"start": "00:03:21", "end": "00:03:27", "text": "realize how crazy this is? I really want"}, {"start": "00:03:23", "end": "00:03:31", "text": "you to think about this that"}, {"start": "00:03:27", "end": "00:03:33", "text": "we were even or are even this close."}, {"start": "00:03:31", "end": "00:03:38", "text": "Essentially, we came within like two"}, {"start": "00:03:33", "end": "00:03:40", "text": "days of defunding Cardano's development."}, {"start": "00:03:38", "end": "00:03:42", "text": "And I attribute that to the marketwide"}, {"start": "00:03:40", "end": "00:03:44", "text": "draw down that's hitting every chain."}, {"start": "00:03:42", "end": "00:03:46", "text": "Two days before the deadline, the"}, {"start": "00:03:44", "end": "00:03:49", "text": "proposals,"}, {"start": "00:03:46", "end": "00:03:52", "text": "the literal proposals that keep the"}, {"start": "00:03:49", "end": "00:03:54", "text": "Cardano engines running were sitting"}, {"start": "00:03:52", "end": "00:03:56", "text": "down like I think in the 20% or"}, {"start": "00:03:54", "end": "00:03:58", "text": "something like that. the team that does"}, {"start": "00:03:56", "end": "00:04:00", "text": "all the building, that's been doing all"}, {"start": "00:03:58", "end": "00:04:03", "text": "the building, that does the hard"}, {"start": "00:04:00", "end": "00:04:07", "text": "expensive work, almost just completely"}, {"start": "00:04:03", "end": "00:04:09", "text": "cut loose by the very community that"}, {"start": "00:04:07", "end": "00:04:11", "text": "it's serving to build the network for."}, {"start": "00:04:09", "end": "00:04:14", "text": "There's a difference between like"}, {"start": "00:04:11", "end": "00:04:17", "text": "funness with conditions and"}, {"start": "00:04:14", "end": "00:04:19", "text": "accountability and just letting the core"}, {"start": "00:04:17", "end": "00:04:22", "text": "team just scatter"}, {"start": "00:04:19", "end": "00:04:24", "text": "in a bare market. like one is governance"}, {"start": "00:04:22", "end": "00:04:26", "text": "and the other is"}, {"start": "00:04:24", "end": "00:04:29", "text": "damage,"}, {"start": "00:04:26", "end": "00:04:30", "text": "a wound that I don't think Cardano would"}, {"start": "00:04:29", "end": "00:04:31", "text": "come back from. And when I'm looking at"}, {"start": "00:04:30", "end": "00:04:34", "text": "these threads and I'm looking at what's"}, {"start": "00:04:31", "end": "00:04:37", "text": "going on, like we're 2 days away from"}, {"start": "00:04:34", "end": "00:04:38", "text": "that second one, which is the damage,"}, {"start": "00:04:37", "end": "00:04:40", "text": "the thing that I don't think Cardano"}, {"start": "00:04:38", "end": "00:04:42", "text": "could come back from. Now, I'm not"}, {"start": "00:04:40", "end": "00:04:43", "text": "trying to be all doomy and gloomy"}, {"start": "00:04:42", "end": "00:04:46", "text": "because we should like put credit where"}, {"start": "00:04:43", "end": "00:04:48", "text": "it's due right now. Like things are, it"}, {"start": "00:04:46", "end": "00:04:50", "text": "seems, moving in the right direction."}, {"start": "00:04:48", "end": "00:04:52", "text": "Cardano upgrades crossed the finish"}, {"start": "00:04:50", "end": "00:04:54", "text": "line. That is very good this morning."}, {"start": "00:04:52", "end": "00:04:56", "text": "Crossed the finish line. Consensus"}, {"start": "00:04:54", "end": "00:04:59", "text": "maintenance high assurance. I think"}, {"start": "00:04:56", "end": "00:05:00", "text": "they're like in the 60s right now as I'm"}, {"start": "00:04:59", "end": "00:05:02", "text": "recording the video. So they're"}, {"start": "00:05:00", "end": "00:05:05", "text": "climbing. So it does seem like the"}, {"start": "00:05:02", "end": "00:05:06", "text": "community is like course correcting in"}, {"start": "00:05:05", "end": "00:05:08", "text": "real time. And what's cool about that is"}, {"start": "00:05:06", "end": "00:05:10", "text": "if you really think about it, that's"}, {"start": "00:05:08", "end": "00:05:12", "text": "that's actually the system which is"}, {"start": "00:05:10", "end": "00:05:15", "text": "incredibly imperfect right now, but it's"}, {"start": "00:05:12", "end": "00:05:16", "text": "the system working. But I think my point"}, {"start": "00:05:15", "end": "00:05:18", "text": "here is like I don't think it should"}, {"start": "00:05:16", "end": "00:05:20", "text": "have ever been this close. And if I"}, {"start": "00:05:18", "end": "00:05:22", "text": "could just bring into play just a little"}, {"start": "00:05:20", "end": "00:05:25", "text": "bit of business analysis and like more"}, {"start": "00:05:22", "end": "00:05:26", "text": "of a macro framework to kind of make my"}, {"start": "00:05:25", "end": "00:05:28", "text": "point. And I say this to every DEP"}, {"start": "00:05:26", "end": "00:05:30", "text": "that's out there watching right now,"}, {"start": "00:05:28", "end": "00:05:33", "text": "especially especially before you"}, {"start": "00:05:30", "end": "00:05:36", "text": "finalize if you haven't yet. Look at"}, {"start": "00:05:33", "end": "00:05:38", "text": "what's happening to the chain besides"}, {"start": "00:05:36", "end": "00:05:40", "text": "Bitcoin number two chain. That's"}, {"start": "00:05:38", "end": "00:05:42", "text": "Ethereum. Everybody has spent a decade"}, {"start": "00:05:40", "end": "00:05:46", "text": "just basically calling Ethereum the sure"}, {"start": "00:05:42", "end": "00:05:48", "text": "thing, the sure bet, not going anywhere."}, {"start": "00:05:46", "end": "00:05:50", "text": "You know what just happened like in like"}, {"start": "00:05:48", "end": "00:05:53", "text": "the last week? Ethereum Foundation"}, {"start": "00:05:50", "end": "00:05:56", "text": "researchers walking out the door. I'm"}, {"start": "00:05:53", "end": "00:05:58", "text": "talking names that like built the whole"}, {"start": "00:05:56", "end": "00:06:00", "text": "thing. Bankless, which is essentially"}, {"start": "00:05:58", "end": "00:06:03", "text": "the biggest media brand in all of"}, {"start": "00:06:00", "end": "00:06:06", "text": "Ethereum, they had a layoff and one of"}, {"start": "00:06:03", "end": "00:06:08", "text": "their founders just sold all his ETH."}, {"start": "00:06:06", "end": "00:06:10", "text": "and ETH itself right now underperforming"}, {"start": "00:06:08", "end": "00:06:13", "text": "when it comes to things like Salana and"}, {"start": "00:06:10", "end": "00:06:16", "text": "the narrative for Ethereum is absolutely"}, {"start": "00:06:13", "end": "00:06:19", "text": "in very quick real time spiraling out of"}, {"start": "00:06:16", "end": "00:06:21", "text": "control and that's what talent loss"}, {"start": "00:06:19", "end": "00:06:23", "text": "looks like"}, {"start": "00:06:21", "end": "00:06:27", "text": "like once it starts going once once the"}, {"start": "00:06:23", "end": "00:06:29", "text": "spiral just starts researchers leaving"}, {"start": "00:06:27", "end": "00:06:32", "text": "momentum just starts fading the"}, {"start": "00:06:29", "end": "00:06:35", "text": "narrative the bullish story it just"}, {"start": "00:06:32", "end": "00:06:37", "text": "starts falling apart and price can very"}, {"start": "00:06:35", "end": "00:06:40", "text": "well follow. I think Ethereum will be"}, {"start": "00:06:37", "end": "00:06:43", "text": "okay in the long term. I really do. But"}, {"start": "00:06:40", "end": "00:06:46", "text": "at its core, these foundational things,"}, {"start": "00:06:43", "end": "00:06:48", "text": "these are critical for macrool long-term"}, {"start": "00:06:46", "end": "00:06:50", "text": "growth, which does equal macroo"}, {"start": "00:06:48", "end": "00:06:51", "text": "long-term valuation increase. So to"}, {"start": "00:06:50", "end": "00:06:54", "text": "Cardano community, what I'm trying to"}, {"start": "00:06:51", "end": "00:06:57", "text": "say is like we almost just volunteered"}, {"start": "00:06:54", "end": "00:07:02", "text": "for that on purpose with a vote. And I"}, {"start": "00:06:57", "end": "00:07:05", "text": "100% understand the push back, right? IO"}, {"start": "00:07:02", "end": "00:07:07", "text": "isn't most cost effective and maybe it's"}, {"start": "00:07:05", "end": "00:07:08", "text": "not. And I want to echo and I want to"}, {"start": "00:07:07", "end": "00:07:10", "text": "show you I'll put it up on the screen"}, {"start": "00:07:08", "end": "00:07:12", "text": "what Adam Dean said. He's like a"}, {"start": "00:07:10", "end": "00:07:15", "text": "builder, longtime builder in the Cardano"}, {"start": "00:07:12", "end": "00:07:17", "text": "space, Cardano community. He said IO"}, {"start": "00:07:15", "end": "00:07:18", "text": "doing the work they have already been"}, {"start": "00:07:17", "end": "00:07:22", "text": "doing for years with a team that has"}, {"start": "00:07:18", "end": "00:07:23", "text": "already learned to work together will of"}, {"start": "00:07:22", "end": "00:07:25", "text": "course be the most efficient at"}, {"start": "00:07:23", "end": "00:07:27", "text": "cooperating and executing the shared"}, {"start": "00:07:25", "end": "00:07:29", "text": "vision from the top of all teams. They"}, {"start": "00:07:27", "end": "00:07:31", "text": "may not be the most cost effective, but"}, {"start": "00:07:29", "end": "00:07:34", "text": "they get the work done. So, do you"}, {"start": "00:07:31", "end": "00:07:37", "text": "understand that's the trade-off? You can"}, {"start": "00:07:34", "end": "00:07:40", "text": "chase cheaper all day long, or you can"}, {"start": "00:07:37", "end": "00:07:42", "text": "just very simply keep the team that's"}, {"start": "00:07:40", "end": "00:07:43", "text": "already aligned. They're already"}, {"start": "00:07:42", "end": "00:07:46", "text": "shipping. They've been shipping. They"}, {"start": "00:07:43", "end": "00:07:48", "text": "built this whole thing in a bare market."}, {"start": "00:07:46", "end": "00:07:49", "text": "Considering the environment of the"}, {"start": "00:07:48", "end": "00:07:53", "text": "crypto space, I'm telling you this right"}, {"start": "00:07:49", "end": "00:07:56", "text": "now, getting the work done, especially"}, {"start": "00:07:53", "end": "00:08:00", "text": "with how far Cardano has come, matters"}, {"start": "00:07:56", "end": "00:08:03", "text": "way more than like slightly leaner"}, {"start": "00:08:00", "end": "00:08:05", "text": "invoices. Do not do it, ds. Don't do it."}, {"start": "00:08:03", "end": "00:08:07", "text": "And you know what's like crazy, almost"}, {"start": "00:08:05", "end": "00:08:10", "text": "ironic? The whole mess, all the drama"}, {"start": "00:08:07", "end": "00:08:12", "text": "and the emotion, the public fighting"}, {"start": "00:08:10", "end": "00:08:14", "text": "even that you might see in a lot of the"}, {"start": "00:08:12", "end": "00:08:16", "text": "threads in regards to this issue is"}, {"start": "00:08:14", "end": "00:08:20", "text": "basically the reality"}, {"start": "00:08:16", "end": "00:08:22", "text": "of not being a VC chain. This means that"}, {"start": "00:08:20", "end": "00:08:25", "text": "right now in a bare market, there's no"}, {"start": "00:08:22", "end": "00:08:27", "text": "fund swooping in to cover payroll when"}, {"start": "00:08:25", "end": "00:08:30", "text": "things are getting ugly, when things are"}, {"start": "00:08:27", "end": "00:08:32", "text": "getting tough. It's the community now"}, {"start": "00:08:30", "end": "00:08:33", "text": "that funds the actual building. But"}, {"start": "00:08:32", "end": "00:08:35", "text": "that's the irony. Like that's literally"}, {"start": "00:08:33", "end": "00:08:38", "text": "the trade-off that the community has"}, {"start": "00:08:35", "end": "00:08:40", "text": "celebrated for years when it comes to"}, {"start": "00:08:38", "end": "00:08:43", "text": "what sets Cardano apart. My point being,"}, {"start": "00:08:40", "end": "00:08:46", "text": "you don't get to wave that flag and then"}, {"start": "00:08:43", "end": "00:08:48", "text": "nearly at the same time starve the core"}, {"start": "00:08:46", "end": "00:08:49", "text": "development team the first time that"}, {"start": "00:08:48", "end": "00:08:51", "text": "things get incredibly uncomfortable"}, {"start": "00:08:49", "end": "00:08:53", "text": "because I'm not sitting here saying"}, {"start": "00:08:51", "end": "00:08:56", "text": "things are great because the crypto"}, {"start": "00:08:53", "end": "00:08:58", "text": "space is really having a tough time. But"}, {"start": "00:08:56", "end": "00:08:59", "text": "now is not the time to do that. So, last"}, {"start": "00:08:58", "end": "00:09:01", "text": "I checked when I was like in the office"}, {"start": "00:08:59", "end": "00:09:03", "text": "a little bit ago, the core proposals,"}, {"start": "00:09:01", "end": "00:09:06", "text": "they seem to be trending in the right"}, {"start": "00:09:03", "end": "00:09:08", "text": "direction, which is very good, but I"}, {"start": "00:09:06", "end": "00:09:10", "text": "still think it's way too close. But this"}, {"start": "00:09:08", "end": "00:09:12", "text": "is equally as important when it comes to"}, {"start": "00:09:10", "end": "00:09:14", "text": "things like L2 scalability."}, {"start": "00:09:12", "end": "00:09:16", "text": "Those are not there yet. I think"}, {"start": "00:09:14", "end": "00:09:18", "text": "developer experience and Plutus, they're"}, {"start": "00:09:16", "end": "00:09:20", "text": "stuck in like the 30s right now. So, if"}, {"start": "00:09:18", "end": "00:09:22", "text": "you're a macro value investor, I want"}, {"start": "00:09:20", "end": "00:09:26", "text": "you to think about this. the scaling,"}, {"start": "00:09:22", "end": "00:09:28", "text": "the builder tools, the things, the stuff"}, {"start": "00:09:26", "end": "00:09:31", "text": "that decides whether or not Cardano"}, {"start": "00:09:28", "end": "00:09:34", "text": "competes three years from now. We have a"}, {"start": "00:09:31", "end": "00:09:38", "text": "long way to go and two days left. Like"}, {"start": "00:09:34", "end": "00:09:40", "text": "demand the clarity, demand transparency,"}, {"start": "00:09:38", "end": "00:09:43", "text": "that's 100% in play. I think is very"}, {"start": "00:09:40", "end": "00:09:47", "text": "fair. But right now with how far Cardano"}, {"start": "00:09:43", "end": "00:09:50", "text": "has come like since the very beginning"}, {"start": "00:09:47", "end": "00:09:53", "text": "building this decentralized scalable"}, {"start": "00:09:50", "end": "00:09:55", "text": "secure chain now is not the time to be"}, {"start": "00:09:53", "end": "00:09:58", "text": "doing this. I think I think it's a very"}, {"start": "00:09:55", "end": "00:10:00", "text": "bad idea for it to come this close. When"}, {"start": "00:09:58", "end": "00:10:02", "text": "I was reading everything this morning it"}, {"start": "00:10:00", "end": "00:10:05", "text": "genuinely just looks like Cardano is"}, {"start": "00:10:02", "end": "00:10:08", "text": "like 2 days away from cutting out its"}, {"start": "00:10:05", "end": "00:10:09", "text": "own legs right from underneath itself."}, {"start": "00:10:08", "end": "00:10:12", "text": "So what I'm saying at this critical time"}, {"start": "00:10:09", "end": "00:10:15", "text": "of the cycle for every chain,"}, {"start": "00:10:12", "end": "00:10:17", "text": "let's not get that close again. These"}, {"start": "00:10:15", "end": "00:10:20", "text": "are just my thoughts everybody. I just"}, {"start": "00:10:17", "end": "00:10:22", "text": "wanted to put these thoughts out there."}, {"start": "00:10:20", "end": "00:10:26", "text": "I'm rooting for every ADA holder that's"}, {"start": "00:10:22", "end": "00:10:28", "text": "out there and I wanted to kind of put my"}, {"start": "00:10:26", "end": "00:10:31", "text": "thoughts out there respectfully. I think"}, {"start": "00:10:28", "end": "00:10:34", "text": "this is a very important time that"}, {"start": "00:10:31", "end": "00:10:38", "text": "Cardano and the community rallies behind"}, {"start": "00:10:34", "end": "00:10:40", "text": "the development at this stage. obviously"}, {"start": "00:10:38", "end": "00:10:42", "text": "work towards, you know, full"}, {"start": "00:10:40", "end": "00:10:44", "text": "decentralization where it's not relying"}, {"start": "00:10:42", "end": "00:10:46", "text": "so much on an organization, but right"}, {"start": "00:10:44", "end": "00:10:47", "text": "now is not the time to play the games in"}, {"start": "00:10:46", "end": "00:10:49", "text": "my opinion. So, those are my thoughts"}, {"start": "00:10:47", "end": "00:10:52", "text": "everybody. I appreciate you. If you're a"}, {"start": "00:10:49", "end": "00:10:54", "text": "Cardano drip, just vote yes in my"}, {"start": "00:10:52", "end": "00:10:55", "text": "opinion and is all it is, my opinion."}, {"start": "00:10:54", "end": "00:10:58", "text": "I'll see you in the next video. Oh, God"}, {"start": "00:10:55", "end": "00:10:58", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Welcome back, guys. So, I know today"}, {"start": "00:00:02", "end": "00:00:09", "text": "overall was a weird and kind of sad day"}, {"start": "00:00:06", "end": "00:00:12", "text": "for crypto. Uh we had a lot of things"}, {"start": "00:00:09", "end": "00:00:15", "text": "going on. Of course, the biggest story"}, {"start": "00:00:12", "end": "00:00:17", "text": "was sailor sold. Do we get an update on"}, {"start": "00:00:15", "end": "00:00:19", "text": "that? Uh let me give you guys a"}, {"start": "00:00:17", "end": "00:00:23", "text": "breakdown of everything that happened"}, {"start": "00:00:19", "end": "00:00:25", "text": "today. It's not all bad."}, {"start": "00:00:23", "end": "00:00:27", "text": "Okay, it ain't great, but it's not all"}, {"start": "00:00:25", "end": "00:00:30", "text": "bad. So, let's talk about some of these"}, {"start": "00:00:27", "end": "00:00:34", "text": "things. So right now as you can see"}, {"start": "00:00:30", "end": "00:00:36", "text": "Bitcoin is sitting at 714"}, {"start": "00:00:34", "end": "00:00:39", "text": "and then you could see like ETH is a"}, {"start": "00:00:36", "end": "00:00:41", "text": "little bit above 2000 soul above 81"}, {"start": "00:00:39", "end": "00:00:44", "text": "which is good because we were actually a"}, {"start": "00:00:41", "end": "00:00:49", "text": "little bit lower. Uh earlier it seemed"}, {"start": "00:00:44", "end": "00:00:52", "text": "like Bitcoin might be breaching"}, {"start": "00:00:49", "end": "00:00:55", "text": "60K but no it held right around like"}, {"start": "00:00:52", "end": "00:00:58", "text": "what 70,0009 right then we came back up"}, {"start": "00:00:55", "end": "00:01:02", "text": "a little bit. ETH was below 2,000 and"}, {"start": "00:00:58", "end": "00:01:05", "text": "soul was below 80 but we have clawed uh"}, {"start": "00:01:02", "end": "00:01:08", "text": "back and uh we seem to have formed a"}, {"start": "00:01:05", "end": "00:01:11", "text": "bottom there. So that's good. Now what"}, {"start": "00:01:08", "end": "00:01:13", "text": "are the things that are still going on"}, {"start": "00:01:11", "end": "00:01:16", "text": "that's kind of holding us down? I think"}, {"start": "00:01:13", "end": "00:01:20", "text": "you guys know first things first this"}, {"start": "00:01:16", "end": "00:01:23", "text": "morning which added to the FUD was that"}, {"start": "00:01:20", "end": "00:01:25", "text": "Iran supposedly stopped negotiating."}, {"start": "00:01:23", "end": "00:01:27", "text": "Okay, they said they're going to start"}, {"start": "00:01:25", "end": "00:01:30", "text": "the blockade again. They're going to"}, {"start": "00:01:27", "end": "00:01:35", "text": "start firing missiles. They're go do"}, {"start": "00:01:30", "end": "00:01:37", "text": "whatever. Okay. And you know, we got we"}, {"start": "00:01:35", "end": "00:01:40", "text": "got to make signals because"}, {"start": "00:01:37", "end": "00:01:42", "text": "you know Trump tweeted, \"Yeah, you know,"}, {"start": "00:01:40", "end": "00:01:45", "text": "we're still talking."}, {"start": "00:01:42", "end": "00:01:47", "text": "Talks are continuing, right?\" And then"}, {"start": "00:01:45", "end": "00:01:49", "text": "he tells reporters, \"I don't care if"}, {"start": "00:01:47", "end": "00:01:51", "text": "Iran negotiates it over.\" And then"}, {"start": "00:01:49", "end": "00:01:53", "text": "supposedly he had a talk with Prime"}, {"start": "00:01:51", "end": "00:01:58", "text": "Minister Netanyahu to see what's going"}, {"start": "00:01:53", "end": "00:02:01", "text": "on Lebanon. So mixed message"}, {"start": "00:01:58", "end": "00:02:05", "text": "whether or not talks are continuing"}, {"start": "00:02:01", "end": "00:02:08", "text": "right with which party uh and what's"}, {"start": "00:02:05", "end": "00:02:10", "text": "what's the deal with Israel and Lebanon."}, {"start": "00:02:08", "end": "00:02:13", "text": "It's kind of all up in the air right"}, {"start": "00:02:10", "end": "00:02:16", "text": "now. We don't know. So obviously this is"}, {"start": "00:02:13", "end": "00:02:20", "text": "adding to the uncertainty. oil spiked up"}, {"start": "00:02:16", "end": "00:02:21", "text": "like 7% this morning. And of course for"}, {"start": "00:02:20", "end": "00:02:23", "text": "us"}, {"start": "00:02:21", "end": "00:02:26", "text": "here in the US and really around the"}, {"start": "00:02:23", "end": "00:02:28", "text": "world, we all want to see oil come down."}, {"start": "00:02:26", "end": "00:02:31", "text": "We don't want to see inflation go up. So"}, {"start": "00:02:28", "end": "00:02:34", "text": "uh this is still ongoing"}, {"start": "00:02:31", "end": "00:02:37", "text": "and uh just don't quite know what's"}, {"start": "00:02:34", "end": "00:02:40", "text": "going on. Is it just negotiation tactics"}, {"start": "00:02:37", "end": "00:02:44", "text": "like this morning what I reported? Uh it"}, {"start": "00:02:40", "end": "00:02:46", "text": "could be. It could be because it seemed"}, {"start": "00:02:44", "end": "00:02:49", "text": "like a week or two ago that things were"}, {"start": "00:02:46", "end": "00:02:51", "text": "going come to an end very very quickly,"}, {"start": "00:02:49", "end": "00:02:53", "text": "very soon and and now all of a sudden"}, {"start": "00:02:51", "end": "00:02:56", "text": "seems like things are rambling really"}, {"start": "00:02:53", "end": "00:02:58", "text": "quick. Uh so one of the things that are"}, {"start": "00:02:56", "end": "00:03:02", "text": "that are still holding us back. Another"}, {"start": "00:02:58", "end": "00:03:04", "text": "thing is of course this uh very sad"}, {"start": "00:03:02", "end": "00:03:07", "text": "moment probably the worst time this"}, {"start": "00:03:04", "end": "00:03:11", "text": "could happen. sailor strategy decided to"}, {"start": "00:03:07", "end": "00:03:15", "text": "sell a little bit of Bitcoin and I"}, {"start": "00:03:11", "end": "00:03:18", "text": "checked his ex I don't see any answer"}, {"start": "00:03:15", "end": "00:03:22", "text": "the last thing was he tweeted this about"}, {"start": "00:03:18", "end": "00:03:25", "text": "this company buying stretch and then"}, {"start": "00:03:22", "end": "00:03:27", "text": "prior to that he put out this about"}, {"start": "00:03:25", "end": "00:03:29", "text": "stretch I mean he's really trying to"}, {"start": "00:03:27", "end": "00:03:32", "text": "talk about stretch I mean all his posts"}, {"start": "00:03:29", "end": "00:03:35", "text": "about stretch that's stretch this is"}, {"start": "00:03:32", "end": "00:03:37", "text": "stretch this is stretch no mention about"}, {"start": "00:03:35", "end": "00:03:38", "text": "strategy. Okay. What's going on with"}, {"start": "00:03:37", "end": "00:03:40", "text": "strategy itself? No mention about"}, {"start": "00:03:38", "end": "00:03:42", "text": "Bitcoin. Last week he did not buy"}, {"start": "00:03:40", "end": "00:03:46", "text": "Bitcoin. This week he did not buy"}, {"start": "00:03:42", "end": "00:03:49", "text": "Bitcoin. Right. And the comments are"}, {"start": "00:03:46", "end": "00:03:53", "text": "what you would expect."}, {"start": "00:03:49", "end": "00:03:56", "text": "Brutal. Right now"}, {"start": "00:03:53", "end": "00:03:57", "text": "um to play devil's advocate and I know a"}, {"start": "00:03:56", "end": "00:04:00", "text": "lot of people are still defending"}, {"start": "00:03:57", "end": "00:04:04", "text": "Sailor, right? Like so what if he sells"}, {"start": "00:04:00", "end": "00:04:09", "text": "32 Bitcoin? That's nothing compared to"}, {"start": "00:04:04", "end": "00:04:14", "text": "how much he holds, right? That is true."}, {"start": "00:04:09", "end": "00:04:18", "text": "He's holding 80,000. No, 843,000,"}, {"start": "00:04:14", "end": "00:04:22", "text": "right? So, what's the big deal?"}, {"start": "00:04:18", "end": "00:04:24", "text": "Minus 32. What? So, what if he sold 32"}, {"start": "00:04:22", "end": "00:04:26", "text": "Bitcoin, 2 something million, right?"}, {"start": "00:04:24", "end": "00:04:29", "text": "When a couple weeks ago, he just bought"}, {"start": "00:04:26", "end": "00:04:31", "text": "25,000 and 6,500."}, {"start": "00:04:29", "end": "00:04:33", "text": "That that by the way is not from Sailor."}, {"start": "00:04:31", "end": "00:04:36", "text": "That big one is from actually from Mara."}, {"start": "00:04:33", "end": "00:04:38", "text": "Um, so I I get it. A lot of people are"}, {"start": "00:04:36", "end": "00:04:41", "text": "wondering, you know, what's the big"}, {"start": "00:04:38", "end": "00:04:43", "text": "deal? When he buys like billions, no one"}, {"start": "00:04:41", "end": "00:04:45", "text": "no one"}, {"start": "00:04:43", "end": "00:04:49", "text": "makes a a comment about it. But when he"}, {"start": "00:04:45", "end": "00:04:51", "text": "sells a little bit, uh, everyone's"}, {"start": "00:04:49", "end": "00:04:53", "text": "thinking this guy is falling, right? But"}, {"start": "00:04:51", "end": "00:04:55", "text": "here's the thing, though. Sailor"}, {"start": "00:04:53", "end": "00:04:57", "text": "himself, the reason why this is a big"}, {"start": "00:04:55", "end": "00:04:59", "text": "deal, I mean, Sailor himself has always"}, {"start": "00:04:57", "end": "00:05:01", "text": "said, \"Never sell your Bitcoin. Sell"}, {"start": "00:04:59", "end": "00:05:03", "text": "your kidney. Sell your house. Go get a"}, {"start": "00:05:01", "end": "00:05:05", "text": "mortgage, sell whatever, but never sell"}, {"start": "00:05:03", "end": "00:05:08", "text": "Bitcoin. He brought this upon himself."}, {"start": "00:05:05", "end": "00:05:10", "text": "He has always said, \"Do what it takes,"}, {"start": "00:05:08", "end": "00:05:13", "text": "but don't sell any Bitcoin.\" Right? So,"}, {"start": "00:05:10", "end": "00:05:16", "text": "people want to know what he's doing. He"}, {"start": "00:05:13", "end": "00:05:18", "text": "needs to come out and explain. Just put"}, {"start": "00:05:16", "end": "00:05:20", "text": "a tweet, something simple like, \"We"}, {"start": "00:05:18", "end": "00:05:22", "text": "needed to do it. I was just testing the"}, {"start": "00:05:20", "end": "00:05:25", "text": "waters. I need to pay tax. I needed to"}, {"start": "00:05:22", "end": "00:05:28", "text": "use it to buy down debt to help strategy"}, {"start": "00:05:25", "end": "00:05:30", "text": "in the future.\" You know, whatever."}, {"start": "00:05:28", "end": "00:05:32", "text": "Right? I think that's what people are"}, {"start": "00:05:30", "end": "00:05:33", "text": "waiting for and that will reassure them"}, {"start": "00:05:32", "end": "00:05:36", "text": "because there are many people that saw"}, {"start": "00:05:33", "end": "00:05:39", "text": "this and immediately sold their Bitcoin."}, {"start": "00:05:36", "end": "00:05:43", "text": "Whether he realizes he has this kind of"}, {"start": "00:05:39", "end": "00:05:46", "text": "influence, I think he does um or not,"}, {"start": "00:05:43", "end": "00:05:48", "text": "you know, you need to he is like a"}, {"start": "00:05:46", "end": "00:05:50", "text": "figurehead now in Bitcoin, right? He's"}, {"start": "00:05:48", "end": "00:05:54", "text": "gotten to the point where he's like is"}, {"start": "00:05:50", "end": "00:05:57", "text": "as important as Satoshi, if not more so."}, {"start": "00:05:54", "end": "00:06:00", "text": "Um, and he needs to he needs to come out"}, {"start": "00:05:57", "end": "00:06:03", "text": "with something and we still haven't seen"}, {"start": "00:06:00", "end": "00:06:06", "text": "anything yet. Uh, but outside of him,"}, {"start": "00:06:03", "end": "00:06:08", "text": "you know what? Tom Lee is like, I'm"}, {"start": "00:06:06", "end": "00:06:12", "text": "going to keep going. I'm going to keep"}, {"start": "00:06:08", "end": "00:06:15", "text": "adding. All right. Added another 27,000"}, {"start": "00:06:12", "end": "00:06:19", "text": "E. Not as much as before, but now he"}, {"start": "00:06:15", "end": "00:06:22", "text": "holds 5.42 million. We're almost 11"}, {"start": "00:06:19", "end": "00:06:24", "text": "billion. And you know, you could see uh"}, {"start": "00:06:22", "end": "00:06:29", "text": "just as many dots and just keeps on"}, {"start": "00:06:24", "end": "00:06:31", "text": "going and going and going. So Tom Lee is"}, {"start": "00:06:29", "end": "00:06:34", "text": "not interested in selling at this point."}, {"start": "00:06:31", "end": "00:06:37", "text": "So good for him. He is definitely"}, {"start": "00:06:34", "end": "00:06:43", "text": "carrying ETH at this point. Um so that's"}, {"start": "00:06:37", "end": "00:06:46", "text": "one shiny star out of a lot of"}, {"start": "00:06:43", "end": "00:06:48", "text": "bad stars. I I don't know how to finish"}, {"start": "00:06:46", "end": "00:06:53", "text": "that analogy,"}, {"start": "00:06:48", "end": "00:06:55", "text": "but uh good for him. Um what else? Uh"}, {"start": "00:06:53", "end": "00:06:58", "text": "CME Group, you know, they said they were"}, {"start": "00:06:55", "end": "00:07:00", "text": "going to do 24/7 crypto futures. Now,"}, {"start": "00:06:58", "end": "00:07:02", "text": "they started in the last 72 hours, 50"}, {"start": "00:07:00", "end": "00:07:04", "text": "million, which is not bad. But the good"}, {"start": "00:07:02", "end": "00:07:07", "text": "thing is with this going, there should"}, {"start": "00:07:04", "end": "00:07:10", "text": "be no more CME gaps. Those nasty CME"}, {"start": "00:07:07", "end": "00:07:12", "text": "gaps that we see right whenever weekends"}, {"start": "00:07:10", "end": "00:07:15", "text": "start or after hours, we see those gaps"}, {"start": "00:07:12", "end": "00:07:19", "text": "all the time. And with this there should"}, {"start": "00:07:15", "end": "00:07:23", "text": "be no more gaps."}, {"start": "00:07:19", "end": "00:07:25", "text": "So overall this should be a net positive"}, {"start": "00:07:23", "end": "00:07:27", "text": "right"}, {"start": "00:07:25", "end": "00:07:29", "text": "now. Outside of this what else is net"}, {"start": "00:07:27", "end": "00:07:31", "text": "positive? This is unrelated but also"}, {"start": "00:07:29", "end": "00:07:33", "text": "related. But obviously you guys know"}, {"start": "00:07:31", "end": "00:07:37", "text": "stock market has been doing very well"}, {"start": "00:07:33", "end": "00:07:40", "text": "today. It was still green. And of course"}, {"start": "00:07:37", "end": "00:07:43", "text": "the outliers are of the AI stocks. I"}, {"start": "00:07:40", "end": "00:07:46", "text": "mean they are just absolutely crazy."}, {"start": "00:07:43", "end": "00:07:50", "text": "Look at Oracle up like 30%. IBM"}, {"start": "00:07:46", "end": "00:07:53", "text": "something that never moves up 26. You"}, {"start": "00:07:50", "end": "00:07:55", "text": "got Palunteer, Salesforce, Broadcom,"}, {"start": "00:07:53", "end": "00:08:01", "text": "Microsoft,"}, {"start": "00:07:55", "end": "00:08:02", "text": "uh AMD, TSM. You got all these up"}, {"start": "00:08:01", "end": "00:08:06", "text": "tremendously today. Not everything is"}, {"start": "00:08:02", "end": "00:08:09", "text": "green, but a lot of things in AI is"}, {"start": "00:08:06", "end": "00:08:11", "text": "green. I saw this too."}, {"start": "00:08:09", "end": "00:08:13", "text": "Dell has been going up like crazy. And"}, {"start": "00:08:11", "end": "00:08:15", "text": "now Huler Packard, which you never"}, {"start": "00:08:13", "end": "00:08:18", "text": "really hear of anymore, but they're in"}, {"start": "00:08:15", "end": "00:08:21", "text": "the service space. They just reported"}, {"start": "00:08:18", "end": "00:08:24", "text": "30% growth on the biggest earnings beat"}, {"start": "00:08:21", "end": "00:08:27", "text": "since 2018. They're up 28% in after"}, {"start": "00:08:24", "end": "00:08:30", "text": "hours. And look at someone like Google"}, {"start": "00:08:27", "end": "00:08:33", "text": "that plans on raising 80 billion to fund"}, {"start": "00:08:30", "end": "00:08:36", "text": "AI buildout. So this is what I've been"}, {"start": "00:08:33", "end": "00:08:39", "text": "saying. This is another reason why"}, {"start": "00:08:36", "end": "00:08:43", "text": "crypto bitcoin is down because the money"}, {"start": "00:08:39", "end": "00:08:44", "text": "is being rotated into AI. Now I know a"}, {"start": "00:08:43", "end": "00:08:47", "text": "lot of you guys are thinking what I'm"}, {"start": "00:08:44", "end": "00:08:49", "text": "thinking. This is building up to be a"}, {"start": "00:08:47", "end": "00:08:52", "text": "bubble, right? Yes. At some point there"}, {"start": "00:08:49", "end": "00:08:55", "text": "will be a local bubble. There will be an"}, {"start": "00:08:52", "end": "00:08:59", "text": "outflow"}, {"start": "00:08:55", "end": "00:09:01", "text": "from AI into other sectors like crypto,"}, {"start": "00:08:59", "end": "00:09:03", "text": "like Bitcoin, right? just don't know"}, {"start": "00:09:01", "end": "00:09:07", "text": "when that's going to happen. But things"}, {"start": "00:09:03", "end": "00:09:11", "text": "are moving so quickly now."}, {"start": "00:09:07", "end": "00:09:13", "text": "Extremely quick. It's kind of crazy if"}, {"start": "00:09:11", "end": "00:09:16", "text": "you try to chart it. I mean, it's best"}, {"start": "00:09:13", "end": "00:09:18", "text": "not to chart it because it doesn't make"}, {"start": "00:09:16", "end": "00:09:21", "text": "a whole lot of sense. Like for example,"}, {"start": "00:09:18", "end": "00:09:24", "text": "uh this is what Dell looks like. Okay,"}, {"start": "00:09:21", "end": "00:09:27", "text": "just just skyrocketing to the moon. Uh"}, {"start": "00:09:24", "end": "00:09:30", "text": "you look at Micron, okay, skyrocketing"}, {"start": "00:09:27", "end": "00:09:33", "text": "to the moon. You look at TSM, not as"}, {"start": "00:09:30", "end": "00:09:36", "text": "much but still going upwards. This is"}, {"start": "00:09:33", "end": "00:09:40", "text": "what it looks like. SanDisk, right?"}, {"start": "00:09:36", "end": "00:09:43", "text": "Everything is going up to the moon to"}, {"start": "00:09:40", "end": "00:09:47", "text": "the point where it's scary. This is the"}, {"start": "00:09:43", "end": "00:09:51", "text": "weekly, right? I mean, some of these are"}, {"start": "00:09:47", "end": "00:09:54", "text": "just absolutely bonkers. Here's AMD,"}, {"start": "00:09:51", "end": "00:09:57", "text": "right? Absolute bonkers."}, {"start": "00:09:54", "end": "00:10:00", "text": "So, at some point, and it could be very"}, {"start": "00:09:57", "end": "00:10:02", "text": "soon, you're going to see this come down"}, {"start": "00:10:00", "end": "00:10:04", "text": "because whenever you have euphoria like"}, {"start": "00:10:02", "end": "00:10:08", "text": "this, whenever you have massive FOMO"}, {"start": "00:10:04", "end": "00:10:10", "text": "like this, it always happens. It always"}, {"start": "00:10:08", "end": "00:10:13", "text": "happens. There's a rotation out. But"}, {"start": "00:10:10", "end": "00:10:15", "text": "right now, everyone's FOMOing in."}, {"start": "00:10:13", "end": "00:10:18", "text": "So, if you're riding the bandwagon, good"}, {"start": "00:10:15", "end": "00:10:20", "text": "for you. A lot of people probably are. A"}, {"start": "00:10:18", "end": "00:10:23", "text": "lot of you guys are investors uh with"}, {"start": "00:10:20", "end": "00:10:25", "text": "your 401k or you know side investments"}, {"start": "00:10:23", "end": "00:10:28", "text": "and stuff and I start dabbling into it"}, {"start": "00:10:25", "end": "00:10:31", "text": "as well, right? But my ideal situation"}, {"start": "00:10:28", "end": "00:10:33", "text": "is to make a lot of money"}, {"start": "00:10:31", "end": "00:10:36", "text": "riding the AI bandwagon and then"}, {"start": "00:10:33", "end": "00:10:38", "text": "utilizing profits continue to DCA,"}, {"start": "00:10:36", "end": "00:10:41", "text": "right? And I've been doing that. I've"}, {"start": "00:10:38", "end": "00:10:44", "text": "been holding DCA and I want to continue"}, {"start": "00:10:41", "end": "00:10:47", "text": "to do so because I know Bitcoin and"}, {"start": "00:10:44", "end": "00:10:49", "text": "crypto ain't dead. It's just bad timing"}, {"start": "00:10:47", "end": "00:10:52", "text": "all around with everything that's"}, {"start": "00:10:49", "end": "00:10:56", "text": "happening, right? But I think that's the"}, {"start": "00:10:52", "end": "00:11:01", "text": "best strategy is to utilize what is hot"}, {"start": "00:10:56", "end": "00:11:05", "text": "right now, make as much as you can, and"}, {"start": "00:11:01", "end": "00:11:09", "text": "utilize that to go buy more of your"}, {"start": "00:11:05", "end": "00:11:11", "text": "favorite crypto, right? All right, guys."}, {"start": "00:11:09", "end": "00:11:16", "text": "That is it. I will see you guys"}, {"start": "00:11:11", "end": "00:11:16", "text": "tomorrow. Stay strong."}, {"start": "00:11:16", "end": "00:11:23", "text": "try to stay strong. Okay, I know it's"}, {"start": "00:11:21", "end": "00:11:25", "text": "not great, but you know what? There are"}, {"start": "00:11:23", "end": "00:11:26", "text": "some outliers. If you look at crypto"}, {"start": "00:11:25", "end": "00:11:30", "text": "market cap, I'll just end with this."}, {"start": "00:11:26", "end": "00:11:33", "text": "These are some projects are in AI. So,"}, {"start": "00:11:30", "end": "00:11:35", "text": "you could see Ner is up. ICP, which I'm"}, {"start": "00:11:33", "end": "00:11:39", "text": "not even a big fan of, is up. Virtuals"}, {"start": "00:11:35", "end": "00:11:42", "text": "is up. Uh FET is up. Render's up. So,"}, {"start": "00:11:39", "end": "00:11:44", "text": "you know, all this AI is kind of"}, {"start": "00:11:42", "end": "00:11:46", "text": "carrying into crypto. Obviously, you"}, {"start": "00:11:44", "end": "00:11:48", "text": "have outliers like Hype that has been"}, {"start": "00:11:46", "end": "00:11:51", "text": "doing very well. But you do have others"}, {"start": "00:11:48", "end": "00:11:54", "text": "that are also doing well, you know,"}, {"start": "00:11:51", "end": "00:11:57", "text": "being carried by AI, and that's exactly"}, {"start": "00:11:54", "end": "00:11:59", "text": "what Clash is doing as well, go moving"}, {"start": "00:11:57", "end": "00:12:01", "text": "into AI if you haven't noticed. And"}, {"start": "00:11:59", "end": "00:12:03", "text": "something new that's coming is your"}, {"start": "00:12:01", "end": "00:12:05", "text": "agents, which I'm testing right now and"}, {"start": "00:12:03", "end": "00:12:07", "text": "you guys can't see, but that's going to"}, {"start": "00:12:05", "end": "00:12:10", "text": "be a game changer for you guys. If"}, {"start": "00:12:07", "end": "00:12:13", "text": "you're looking for agent to help you do"}, {"start": "00:12:10", "end": "00:12:16", "text": "24 by7 research and give you really good"}, {"start": "00:12:13", "end": "00:12:18", "text": "comprehensive reports that you can't get"}, {"start": "00:12:16", "end": "00:12:20", "text": "anywhere else, that's what that's for."}, {"start": "00:12:18", "end": "00:12:22", "text": "All right, guys. Stay strong, stay"}, {"start": "00:12:20", "end": "00:12:24", "text": "focused. I'll see you guys tomorrow,"}, {"start": "00:12:22", "end": "00:12:28", "text": "8:30 a.m. Central Standard Time. All"}, {"start": "00:12:24", "end": "00:12:28", "text": "right, have a good one. Bye-bye."}]

[{"start": "00:00:05", "end": "00:00:10", "text": "Welcome back to Cryptos are Us. I'm"}, {"start": "00:00:08", "end": "00:00:12", "text": "George."}, {"start": "00:00:10", "end": "00:00:15", "text": "We're all George."}, {"start": "00:00:12", "end": "00:00:18", "text": "Welcome to another market open stream."}, {"start": "00:00:15", "end": "00:00:21", "text": "Unfortunately, we are starting out the"}, {"start": "00:00:18", "end": "00:00:23", "text": "starting out day with red. A lot of red"}, {"start": "00:00:21", "end": "00:00:26", "text": "for Bitcoin and crypto. And that's"}, {"start": "00:00:23", "end": "00:00:28", "text": "because"}, {"start": "00:00:26", "end": "00:00:32", "text": "we had Sailor do the unthinkable. So,"}, {"start": "00:00:28", "end": "00:00:35", "text": "let's talk about what's going on in the"}, {"start": "00:00:32", "end": "00:00:39", "text": "space. What's causing Bitcoin to go down"}, {"start": "00:00:35", "end": "00:00:41", "text": "further today? Are there more risks? And"}, {"start": "00:00:39", "end": "00:00:46", "text": "what does it mean overall with what"}, {"start": "00:00:41", "end": "00:00:49", "text": "Sailor just did? All right, let's do it,"}, {"start": "00:00:46", "end": "00:00:52", "text": "guys. Let's do it. Welcome, welcome,"}, {"start": "00:00:49", "end": "00:00:55", "text": "welcome. Unfortunately, we are starting"}, {"start": "00:00:52", "end": "00:00:58", "text": "out a day a little bit below $72,000."}, {"start": "00:00:55", "end": "00:01:00", "text": "You can see 718"}, {"start": "00:00:58", "end": "00:01:03", "text": "and obviously"}, {"start": "00:01:00", "end": "00:01:05", "text": "uh lower than this weekend when we were"}, {"start": "00:01:03", "end": "00:01:07", "text": "still hovering around 7374,000. So we"}, {"start": "00:01:05", "end": "00:01:11", "text": "went down a couple thousand dollars."}, {"start": "00:01:07", "end": "00:01:13", "text": "Okay. Uh"}, {"start": "00:01:11", "end": "00:01:16", "text": "obviously there's a couple things"}, {"start": "00:01:13", "end": "00:01:18", "text": "affecting things right now but uh even"}, {"start": "00:01:16", "end": "00:01:21", "text": "the US market"}, {"start": "00:01:18", "end": "00:01:27", "text": "okay opening up in the opening in the"}, {"start": "00:01:21", "end": "00:01:29", "text": "red slightly affected but you know AI is"}, {"start": "00:01:27", "end": "00:01:31", "text": "still very very hot. A lot of the AI"}, {"start": "00:01:29", "end": "00:01:33", "text": "stocks are doing very well. So I'll look"}, {"start": "00:01:31", "end": "00:01:35", "text": "at that in a little bit and I do think"}, {"start": "00:01:33", "end": "00:01:38", "text": "that has something to do with our"}, {"start": "00:01:35", "end": "00:01:40", "text": "current weakness right now."}, {"start": "00:01:38", "end": "00:01:44", "text": "Um"}, {"start": "00:01:40", "end": "00:01:46", "text": "as for the Middle East, still"}, {"start": "00:01:44", "end": "00:01:51", "text": "more"}, {"start": "00:01:46", "end": "00:01:53", "text": "strikes, more fighting. Uh both sides"}, {"start": "00:01:51", "end": "00:01:56", "text": "while negotiating"}, {"start": "00:01:53", "end": "00:01:56", "text": "is still"}, {"start": "00:01:56", "end": "00:02:02", "text": "uh conducting strikes on on each other."}, {"start": "00:02:00", "end": "00:02:06", "text": "The US military has conducted strikes on"}, {"start": "00:02:02", "end": "00:02:08", "text": "Iranian targets and Iran is saying that"}, {"start": "00:02:06", "end": "00:02:10", "text": "they're they're you know they're they're"}, {"start": "00:02:08", "end": "00:02:14", "text": "doing self-defense."}, {"start": "00:02:10", "end": "00:02:16", "text": "It's it's kind of weird that this is"}, {"start": "00:02:14", "end": "00:02:20", "text": "happening right while both sides are"}, {"start": "00:02:16", "end": "00:02:24", "text": "negotiating ceasefire. They're still"}, {"start": "00:02:20", "end": "00:02:26", "text": "doing strikes on each other. And you"}, {"start": "00:02:24", "end": "00:02:29", "text": "know it obviously this is not helping"}, {"start": "00:02:26", "end": "00:02:33", "text": "the situation, right? This is still"}, {"start": "00:02:29", "end": "00:02:36", "text": "causing a lot of confusion, causing a"}, {"start": "00:02:33", "end": "00:02:38", "text": "lot of people to wonder if this is ever"}, {"start": "00:02:36", "end": "00:02:40", "text": "going to end. And obviously, this is not"}, {"start": "00:02:38", "end": "00:02:44", "text": "helping"}, {"start": "00:02:40", "end": "00:02:47", "text": "uh oil prices, inflation, all that good"}, {"start": "00:02:44", "end": "00:02:50", "text": "stuff that we worry about. And is still"}, {"start": "00:02:47", "end": "00:02:52", "text": "definitely putting a lot of pressure on"}, {"start": "00:02:50", "end": "00:02:53", "text": "what we're seeing in crypto right now."}, {"start": "00:02:52", "end": "00:02:55", "text": "So"}, {"start": "00:02:53", "end": "00:02:58", "text": "yeah, this continues on even though a"}, {"start": "00:02:55", "end": "00:03:02", "text": "couple weeks ago it seemed like it was"}, {"start": "00:02:58", "end": "00:03:05", "text": "going to end soon and that would have"}, {"start": "00:03:02", "end": "00:03:08", "text": "gave the catalyst or the markets a"}, {"start": "00:03:05", "end": "00:03:13", "text": "catalyst to go higher but still it's"}, {"start": "00:03:08", "end": "00:03:17", "text": "pending. It's pending. Now"}, {"start": "00:03:13", "end": "00:03:23", "text": "what else what else happened? Well,"}, {"start": "00:03:17", "end": "00:03:25", "text": "this certainly does not help"}, {"start": "00:03:23", "end": "00:03:28", "text": "this."}, {"start": "00:03:25", "end": "00:03:30", "text": "So, last week,"}, {"start": "00:03:28", "end": "00:03:34", "text": "you know, it turned out, I think it was"}, {"start": "00:03:30", "end": "00:03:37", "text": "look in chain or look on chain, I forgot"}, {"start": "00:03:34", "end": "00:03:40", "text": "uh the name exactly, but uh they"}, {"start": "00:03:37", "end": "00:03:43", "text": "reported that a certain amount of"}, {"start": "00:03:40", "end": "00:03:46", "text": "Bitcoin was being sent to Coinbase,"}, {"start": "00:03:43", "end": "00:03:48", "text": "right? And at the time, I and others,"}, {"start": "00:03:46", "end": "00:03:51", "text": "we didn't know what to make of it."}, {"start": "00:03:48", "end": "00:03:54", "text": "Seemed like it could have been just a"}, {"start": "00:03:51", "end": "00:03:59", "text": "transfer into their custody. But no, it"}, {"start": "00:03:54", "end": "00:04:03", "text": "turns out that yeah, Strategy did sell."}, {"start": "00:03:59", "end": "00:04:06", "text": "They sold 32 Bitcoin for $2.5 million."}, {"start": "00:04:03", "end": "00:04:10", "text": "First time since 2022. And that's been a"}, {"start": "00:04:06", "end": "00:04:14", "text": "long, long time. And and in 2022, I"}, {"start": "00:04:10", "end": "00:04:18", "text": "believe it was just a small sale also."}, {"start": "00:04:14", "end": "00:04:22", "text": "So just look at that picture."}, {"start": "00:04:18", "end": "00:04:24", "text": "So this has a lot of people scared."}, {"start": "00:04:22", "end": "00:04:26", "text": "Okay, this actually when this came out"}, {"start": "00:04:24", "end": "00:04:31", "text": "contributed to Bitcoin falling more than"}, {"start": "00:04:26", "end": "00:04:34", "text": "$1,000 almost immediately"}, {"start": "00:04:31", "end": "00:04:35", "text": "and people are wondering why this"}, {"start": "00:04:34", "end": "00:04:38", "text": "happens. Now a lot of people are"}, {"start": "00:04:35", "end": "00:04:40", "text": "downplaying it saying it doesn't matter."}, {"start": "00:04:38", "end": "00:04:42", "text": "Look at how much he's bought, right?"}, {"start": "00:04:40", "end": "00:04:44", "text": "Just in the last month alone, he's"}, {"start": "00:04:42", "end": "00:04:47", "text": "bought billions upon billions of"}, {"start": "00:04:44", "end": "00:04:49", "text": "billions, right?"}, {"start": "00:04:47", "end": "00:04:54", "text": "So, most people are saying this is not a"}, {"start": "00:04:49", "end": "00:04:57", "text": "big deal. Who cares? Right? But"}, {"start": "00:04:54", "end": "00:05:01", "text": "from a guy that have told people to"}, {"start": "00:04:57", "end": "00:05:05", "text": "never ever ever sell their Bitcoin,"}, {"start": "00:05:01", "end": "00:05:10", "text": "well, this is kind of a strange move,"}, {"start": "00:05:05", "end": "00:05:13", "text": "right? So, I I asked Clash why Micro"}, {"start": "00:05:10", "end": "00:05:16", "text": "Strategy needed to sell."}, {"start": "00:05:13", "end": "00:05:19", "text": "Okay, there was no specific reason that"}, {"start": "00:05:16", "end": "00:05:22", "text": "came out, but this makes the most"}, {"start": "00:05:19", "end": "00:05:27", "text": "logical sense because in May, and I"}, {"start": "00:05:22", "end": "00:05:31", "text": "covered this last week, that um they"}, {"start": "00:05:27", "end": "00:05:35", "text": "bought back like a whole bunch of debt,"}, {"start": "00:05:31", "end": "00:05:38", "text": "1.38 billion to be exact. Okay, this"}, {"start": "00:05:35", "end": "00:05:40", "text": "limits the liabilities of of the future"}, {"start": "00:05:38", "end": "00:05:44", "text": "for them because they have to pay out a"}, {"start": "00:05:40", "end": "00:05:47", "text": "lot of dividend right in the future. So"}, {"start": "00:05:44", "end": "00:05:49", "text": "rather than buy Bitcoin last week, they"}, {"start": "00:05:47", "end": "00:05:53", "text": "decided to use whatever money they"}, {"start": "00:05:49", "end": "00:05:57", "text": "raised to buy debt back. And most"}, {"start": "00:05:53", "end": "00:06:00", "text": "logical thing is this 32 Bitcoin helped"}, {"start": "00:05:57", "end": "00:06:02", "text": "do that. Okay. I don't know. It could be"}, {"start": "00:06:00", "end": "00:06:04", "text": "something else, but I I was digging. It"}, {"start": "00:06:02", "end": "00:06:08", "text": "doesn't really say Sailor himself didn't"}, {"start": "00:06:04", "end": "00:06:10", "text": "say anything. So that's the thing."}, {"start": "00:06:08", "end": "00:06:12", "text": "Um Sailor the last thing he posted was"}, {"start": "00:06:10", "end": "00:06:15", "text": "this. He didn't post anything about"}, {"start": "00:06:12", "end": "00:06:17", "text": "buying this week. Also he said that"}, {"start": "00:06:15", "end": "00:06:22", "text": "stretches dividend rate maintained at"}, {"start": "00:06:17", "end": "00:06:26", "text": "11.5% for June 2026. So still obviously"}, {"start": "00:06:22", "end": "00:06:29", "text": "uh the high dividend percentage is"}, {"start": "00:06:26", "end": "00:06:32", "text": "what's keeping this going. It's it's"}, {"start": "00:06:29", "end": "00:06:35", "text": "what's attracting investors and funds"}, {"start": "00:06:32", "end": "00:06:37", "text": "and uh the more that they can sell the"}, {"start": "00:06:35", "end": "00:06:40", "text": "more that they can raise for future"}, {"start": "00:06:37", "end": "00:06:44", "text": "buying and and I guess future debt"}, {"start": "00:06:40", "end": "00:06:46", "text": "buying too. So um so that that's that's"}, {"start": "00:06:44", "end": "00:06:48", "text": "what came out this morning too, right?"}, {"start": "00:06:46", "end": "00:06:52", "text": "Obviously besides Middle East stuff"}, {"start": "00:06:48", "end": "00:06:52", "text": "which has been ongoing for a while, this"}, {"start": "00:06:54", "end": "00:06:59", "text": "this this has a lot of people spooked."}, {"start": "00:06:56", "end": "00:07:03", "text": "Okay. And I've always said"}, {"start": "00:06:59", "end": "00:07:06", "text": "I've always said that sailor"}, {"start": "00:07:03", "end": "00:07:10", "text": "sailor selling would be more disastrous"}, {"start": "00:07:06", "end": "00:07:13", "text": "than Satoshi selling. Right? This is a"}, {"start": "00:07:10", "end": "00:07:15", "text": "small amount. And it could be it could"}, {"start": "00:07:13", "end": "00:07:18", "text": "be that he just did it just to test the"}, {"start": "00:07:15", "end": "00:07:20", "text": "waters."}, {"start": "00:07:18", "end": "00:07:22", "text": "Right? Just to see how the market would"}, {"start": "00:07:20", "end": "00:07:25", "text": "react."}, {"start": "00:07:22", "end": "00:07:29", "text": "uh because his influence is so vast at"}, {"start": "00:07:25", "end": "00:07:33", "text": "this point being known as the guy who"}, {"start": "00:07:29", "end": "00:07:37", "text": "kind of like carried Bitcoin through the"}, {"start": "00:07:33", "end": "00:07:42", "text": "dark times by endlessly buying, right?"}, {"start": "00:07:37", "end": "00:07:44", "text": "Um and the guy who has started this"}, {"start": "00:07:42", "end": "00:07:46", "text": "revolution among institutions"}, {"start": "00:07:44", "end": "00:07:48", "text": "and and public companies and private"}, {"start": "00:07:46", "end": "00:07:51", "text": "companies, right?"}, {"start": "00:07:48", "end": "00:07:54", "text": "If he starts selling consistently,"}, {"start": "00:07:51", "end": "00:07:57", "text": "that's going to send a message that he"}, {"start": "00:07:54", "end": "00:07:59", "text": "has not been sending for years now,"}, {"start": "00:07:57", "end": "00:08:02", "text": "right? So, I guess we'll just have to"}, {"start": "00:07:59", "end": "00:08:05", "text": "see. And maybe he will answer. He will"}, {"start": "00:08:02", "end": "00:08:07", "text": "tweet. I'm sure he's probably going to."}, {"start": "00:08:05", "end": "00:08:09", "text": "And if it's a good reason, then it's"}, {"start": "00:08:07", "end": "00:08:12", "text": "great, right? Maybe just test the waters"}, {"start": "00:08:09", "end": "00:08:17", "text": "or maybe he needed to sell for tax"}, {"start": "00:08:12", "end": "00:08:21", "text": "reasons or something like that. Um,"}, {"start": "00:08:17", "end": "00:08:24", "text": "so I guess I guess we'll wait and see."}, {"start": "00:08:21", "end": "00:08:26", "text": "So yeah, that that came out not good."}, {"start": "00:08:24", "end": "00:08:29", "text": "Uh, also"}, {"start": "00:08:26", "end": "00:08:32", "text": "what's affecting things right now is"}, {"start": "00:08:29", "end": "00:08:34", "text": "well, we do have a large amount of"}, {"start": "00:08:32", "end": "00:08:37", "text": "liquidity flowing and I mentioned this"}, {"start": "00:08:34", "end": "00:08:41", "text": "in my video yesterday."}, {"start": "00:08:37", "end": "00:08:47", "text": "Uh there was some whale that decided to"}, {"start": "00:08:41", "end": "00:08:50", "text": "sell off his 1.3 billion in IBIT,"}, {"start": "00:08:47", "end": "00:08:53", "text": "okay, Bitcoin ETF. Obviously, this whale"}, {"start": "00:08:50", "end": "00:08:57", "text": "was some large institution. No investor"}, {"start": "00:08:53", "end": "00:08:59", "text": "would just unload 1.3 billion,"}, {"start": "00:08:57", "end": "00:09:04", "text": "okay? And last week was one of the"}, {"start": "00:08:59", "end": "00:09:06", "text": "biggest withdrawal weeks ever. 1.67"}, {"start": "00:09:04", "end": "00:09:10", "text": "billion."}, {"start": "00:09:06", "end": "00:09:13", "text": "And on top of that, if you look at say"}, {"start": "00:09:10", "end": "00:09:16", "text": "like treasury uh no liquidity and you"}, {"start": "00:09:13", "end": "00:09:20", "text": "look at just stable coins exit, not just"}, {"start": "00:09:16", "end": "00:09:23", "text": "ETF exits, it was quite a lot too."}, {"start": "00:09:20", "end": "00:09:26", "text": "Almost three billion"}, {"start": "00:09:23", "end": "00:09:29", "text": "that left the market right"}, {"start": "00:09:26", "end": "00:09:33", "text": "now. Why did this happen? Well, this is"}, {"start": "00:09:29", "end": "00:09:37", "text": "what I equated to yesterday, too. Uh,"}, {"start": "00:09:33", "end": "00:09:40", "text": "a lot of money is being like thrown in"}, {"start": "00:09:37", "end": "00:09:43", "text": "right now into AI there. There's no"}, {"start": "00:09:40", "end": "00:09:47", "text": "doubt about it. Anyone that has been"}, {"start": "00:09:43", "end": "00:09:51", "text": "paying attention have noticed how how"}, {"start": "00:09:47", "end": "00:09:55", "text": "much AI companies have gone up."}, {"start": "00:09:51", "end": "00:09:59", "text": "Okay, it's because everyone thinks the"}, {"start": "00:09:55", "end": "00:10:02", "text": "AI revolution will be much much bigger"}, {"start": "00:09:59", "end": "00:10:05", "text": "than the dot boom. And overall that's"}, {"start": "00:10:02", "end": "00:10:08", "text": "the direction everyone is going in is"}, {"start": "00:10:05", "end": "00:10:12", "text": "AI, right? So it makes a lot of sense"}, {"start": "00:10:08", "end": "00:10:14", "text": "that a money that money that is in the"}, {"start": "00:10:12", "end": "00:10:18", "text": "space is being rotated out into"}, {"start": "00:10:14", "end": "00:10:21", "text": "something that's hotter. So that's also"}, {"start": "00:10:18", "end": "00:10:23", "text": "a big reason I think why we are where we"}, {"start": "00:10:21", "end": "00:10:25", "text": "are, why the US market seems to be"}, {"start": "00:10:23", "end": "00:10:28", "text": "making new highs, why markets around the"}, {"start": "00:10:25", "end": "00:10:30", "text": "world are making new highs, yet Bitcoin"}, {"start": "00:10:28", "end": "00:10:33", "text": "and crypto is kind of staying put and"}, {"start": "00:10:30", "end": "00:10:35", "text": "now even sliding a little bit further"}, {"start": "00:10:33", "end": "00:10:38", "text": "because of"}, {"start": "00:10:35", "end": "00:10:41", "text": "the AI trade, right?"}, {"start": "00:10:38", "end": "00:10:43", "text": "But here's the thing with all this said,"}, {"start": "00:10:41", "end": "00:10:47", "text": "it seems like it's kind of bleak, kind"}, {"start": "00:10:43", "end": "00:10:50", "text": "of kind of sour right now. if you put"}, {"start": "00:10:47", "end": "00:10:52", "text": "all this into perspective."}, {"start": "00:10:50", "end": "00:10:54", "text": "But what happened"}, {"start": "00:10:52", "end": "00:10:56", "text": "last year when we went through kind of"}, {"start": "00:10:54", "end": "00:10:59", "text": "the same thing?"}, {"start": "00:10:56", "end": "00:11:02", "text": "Last year we had the same thing happen"}, {"start": "00:10:59", "end": "00:11:05", "text": "with two commodities that no one ever"}, {"start": "00:11:02", "end": "00:11:06", "text": "thought this would happen to. Gold and"}, {"start": "00:11:05", "end": "00:11:09", "text": "silver."}, {"start": "00:11:06", "end": "00:11:14", "text": "Remember what happened last year when"}, {"start": "00:11:09", "end": "00:11:18", "text": "gold and silver skyrocketed"}, {"start": "00:11:14", "end": "00:11:22", "text": "for the entire year"}, {"start": "00:11:18", "end": "00:11:25", "text": "and hit new highs, unfathomable levels."}, {"start": "00:11:22", "end": "00:11:28", "text": "And then what happened? They came down."}, {"start": "00:11:25", "end": "00:11:31", "text": "The bubble burst. Gold went down like"}, {"start": "00:11:28", "end": "00:11:34", "text": "20% in a single day. Silver went down"}, {"start": "00:11:31", "end": "00:11:36", "text": "30% in a single day. and now they're"}, {"start": "00:11:34", "end": "00:11:41", "text": "hovering low and they're not moving"}, {"start": "00:11:36", "end": "00:11:44", "text": "anymore. Right? So, I do think all this"}, {"start": "00:11:41", "end": "00:11:46", "text": "the AI trade right now, even though it"}, {"start": "00:11:44", "end": "00:11:48", "text": "is still going to be ongoing and going"}, {"start": "00:11:46", "end": "00:11:51", "text": "to be hot for a while, it's going to do"}, {"start": "00:11:48", "end": "00:11:53", "text": "the same thing. It's going to be it's"}, {"start": "00:11:51", "end": "00:11:54", "text": "going they're all going to reach these"}, {"start": "00:11:53", "end": "00:11:57", "text": "companies are going to reach"}, {"start": "00:11:54", "end": "00:12:01", "text": "unfathomable levels, P ratios that are"}, {"start": "00:11:57", "end": "00:12:03", "text": "completely off, okay? Way overvalued."}, {"start": "00:12:01", "end": "00:12:05", "text": "And you're going to see the same thing"}, {"start": "00:12:03", "end": "00:12:08", "text": "happen. Money flow out of them. The mini"}, {"start": "00:12:05", "end": "00:12:10", "text": "bubble kind of bursts and that's when"}, {"start": "00:12:08", "end": "00:12:13", "text": "money will flow in everything else"}, {"start": "00:12:10", "end": "00:12:16", "text": "that's non AI related and into crypto."}, {"start": "00:12:13", "end": "00:12:19", "text": "So I do think that is going to happen. I"}, {"start": "00:12:16", "end": "00:12:21", "text": "just don't know when. It could be"}, {"start": "00:12:19", "end": "00:12:25", "text": "ongoing for, you know, for a few months"}, {"start": "00:12:21", "end": "00:12:28", "text": "until October, November time frame. But"}, {"start": "00:12:25", "end": "00:12:30", "text": "but that's also what's happening now."}, {"start": "00:12:28", "end": "00:12:36", "text": "And here's the thing."}, {"start": "00:12:30", "end": "00:12:36", "text": "I gotta take a sip of coffee."}, {"start": "00:12:39", "end": "00:12:43", "text": "And here's the thing,"}, {"start": "00:12:44", "end": "00:12:52", "text": "even if Bitcoin falls to 60,"}, {"start": "00:12:49", "end": "00:12:56", "text": "which is looking more likely now because"}, {"start": "00:12:52", "end": "00:12:58", "text": "of what Sailor did, uh, some would argue"}, {"start": "00:12:56", "end": "00:13:02", "text": "that we would still be in a bull market"}, {"start": "00:12:58", "end": "00:13:04", "text": "like Raul Paul because he's arguing that"}, {"start": "00:13:02", "end": "00:13:06", "text": "the liquidity is flowing"}, {"start": "00:13:04", "end": "00:13:10", "text": "and that's the only thing that matters."}, {"start": "00:13:06", "end": "00:13:12", "text": "matters, right? When money goes upwards,"}, {"start": "00:13:10", "end": "00:13:16", "text": "when there's more being printed, when"}, {"start": "00:13:12", "end": "00:13:20", "text": "there's more being lent out and borrowed"}, {"start": "00:13:16", "end": "00:13:23", "text": "and there's just overall more liquidity,"}, {"start": "00:13:20", "end": "00:13:25", "text": "Bitcoin is just going to be fine. And I"}, {"start": "00:13:23", "end": "00:13:28", "text": "agree with that. But I think right now"}, {"start": "00:13:25", "end": "00:13:31", "text": "is that money is flowing into one"}, {"start": "00:13:28", "end": "00:13:35", "text": "sector, right, into AI. And until that"}, {"start": "00:13:31", "end": "00:13:37", "text": "sector cools off and money flows"}, {"start": "00:13:35", "end": "00:13:40", "text": "elsewhere, I don't think much is going"}, {"start": "00:13:37", "end": "00:13:43", "text": "to change. I think that's the reality,"}, {"start": "00:13:40", "end": "00:13:46", "text": "right? But overall,"}, {"start": "00:13:43", "end": "00:13:48", "text": "it is right. We will see a recovery. We"}, {"start": "00:13:46", "end": "00:13:51", "text": "will see money flow back in. But right"}, {"start": "00:13:48", "end": "00:13:53", "text": "now, it's just a rotation into something"}, {"start": "00:13:51", "end": "00:13:57", "text": "else."}, {"start": "00:13:53", "end": "00:14:01", "text": "And this sailor thing is just not"}, {"start": "00:13:57", "end": "00:14:06", "text": "not helping at all. It comes at a really"}, {"start": "00:14:01", "end": "00:14:09", "text": "bad time. Really bad time, I would say."}, {"start": "00:14:06", "end": "00:14:11", "text": "Really bad time. All right. Outside of"}, {"start": "00:14:09", "end": "00:14:13", "text": "that, you know what? There are still a"}, {"start": "00:14:11", "end": "00:14:15", "text": "lot of great"}, {"start": "00:14:13", "end": "00:14:19", "text": "things happening, even though it may not"}, {"start": "00:14:15", "end": "00:14:22", "text": "seem like it. Bitcoiners, hardcore"}, {"start": "00:14:19", "end": "00:14:25", "text": "Bitcoiners, long-term holders,"}, {"start": "00:14:22", "end": "00:14:28", "text": "still business as usual. Adam Black is"}, {"start": "00:14:25", "end": "00:14:30", "text": "building a Bitcoin treasury company to"}, {"start": "00:14:28", "end": "00:14:33", "text": "rival strategy."}, {"start": "00:14:30", "end": "00:14:36", "text": "We need more companies to do that. We"}, {"start": "00:14:33", "end": "00:14:39", "text": "need more companies to continue to DCA."}, {"start": "00:14:36", "end": "00:14:42", "text": "Many are still doing it. Lower amounts,"}, {"start": "00:14:39", "end": "00:14:46", "text": "not to the same extent of strategy, but"}, {"start": "00:14:42", "end": "00:14:48", "text": "still smaller amounts, little bit at a"}, {"start": "00:14:46", "end": "00:14:52", "text": "time."}, {"start": "00:14:48", "end": "00:14:55", "text": "And that's what we want and want to see"}, {"start": "00:14:52", "end": "00:14:57", "text": "more of."}, {"start": "00:14:55", "end": "00:14:58", "text": "Can't, this is one of those times you"}, {"start": "00:14:57", "end": "00:15:01", "text": "can't have a lot of lettuce hands. You"}, {"start": "00:14:58", "end": "00:15:04", "text": "got to have a lot of long-term holders"}, {"start": "00:15:01", "end": "00:15:07", "text": "holding strong with their conviction in"}, {"start": "00:15:04", "end": "00:15:11", "text": "Bitcoin knowing that we're going through"}, {"start": "00:15:07", "end": "00:15:13", "text": "some kind of weird transition and and"}, {"start": "00:15:11", "end": "00:15:17", "text": "uncertainty, right? But we will get"}, {"start": "00:15:13", "end": "00:15:20", "text": "through it. Just have to"}, {"start": "00:15:17", "end": "00:15:22", "text": "hold strong for a little bit longer. Um"}, {"start": "00:15:20", "end": "00:15:25", "text": "and you know we got a lot of metrics"}, {"start": "00:15:22", "end": "00:15:30", "text": "like this too that's showing"}, {"start": "00:15:25", "end": "00:15:33", "text": "volatility is low very very very low"}, {"start": "00:15:30", "end": "00:15:37", "text": "and during these times is"}, {"start": "00:15:33", "end": "00:15:40", "text": "is when it's fearful when it's uncertain"}, {"start": "00:15:37", "end": "00:15:43", "text": "when it seems like"}, {"start": "00:15:40", "end": "00:15:44", "text": "a lot of things are going against us but"}, {"start": "00:15:43", "end": "00:15:48", "text": "we have seen this in crypto winters"}, {"start": "00:15:44", "end": "00:15:50", "text": "before many many many times"}, {"start": "00:15:48", "end": "00:15:54", "text": "yourself."}, {"start": "00:15:50", "end": "00:15:54", "text": "This is the time to just"}, {"start": "00:15:54", "end": "00:16:01", "text": "to stay strong if you can and just"}, {"start": "00:15:57", "end": "00:16:01", "text": "continue to"}, {"start": "00:16:01", "end": "00:16:07", "text": "hold MDCA."}, {"start": "00:16:04", "end": "00:16:10", "text": "All right, outside of these, there's"}, {"start": "00:16:07", "end": "00:16:14", "text": "really not much else"}, {"start": "00:16:10", "end": "00:16:17", "text": "uh of good news. Suie suffers his third"}, {"start": "00:16:14", "end": "00:16:21", "text": "halt in 48 hours."}, {"start": "00:16:17", "end": "00:16:23", "text": "So they had some major issue last week."}, {"start": "00:16:21", "end": "00:16:28", "text": "Unfortunately, whatever patch they did"}, {"start": "00:16:23", "end": "00:16:31", "text": "is not helping and they had another"}, {"start": "00:16:28", "end": "00:16:35", "text": "another outage"}, {"start": "00:16:31", "end": "00:16:37", "text": "and uh and this is not helping. Uh"}, {"start": "00:16:35", "end": "00:16:40", "text": "Cardano"}, {"start": "00:16:37", "end": "00:16:43", "text": "is trying to fund their annual"}, {"start": "00:16:40", "end": "00:16:45", "text": "conference and um"}, {"start": "00:16:43", "end": "00:16:48", "text": "and they're being shut down. Um, Charles"}, {"start": "00:16:45", "end": "00:16:51", "text": "Hoskinson wants to sell some Cardano,"}, {"start": "00:16:48", "end": "00:16:54", "text": "7.8 million Cardano, about $2 million to"}, {"start": "00:16:51", "end": "00:16:57", "text": "fund this annual Cardano Foundation"}, {"start": "00:16:54", "end": "00:16:59", "text": "conference, but a lot of the D-Rups are"}, {"start": "00:16:57", "end": "00:17:01", "text": "voting it down, so they're trying to get"}, {"start": "00:16:59", "end": "00:17:04", "text": "that going. So,"}, {"start": "00:17:01", "end": "00:17:07", "text": "even Charles having a hard time funding"}, {"start": "00:17:04", "end": "00:17:10", "text": "a conference,"}, {"start": "00:17:07", "end": "00:17:14", "text": "right? And uh and that's about it."}, {"start": "00:17:10", "end": "00:17:17", "text": "That's about it. You could see today"}, {"start": "00:17:14", "end": "00:17:20", "text": "uh NASDAQ S&P continues to be green"}, {"start": "00:17:17", "end": "00:17:24", "text": "except Dow like basically just tech and"}, {"start": "00:17:20", "end": "00:17:29", "text": "AI is just leading the way right now and"}, {"start": "00:17:24", "end": "00:17:29", "text": "we are where we are right now 716."}, {"start": "00:17:30", "end": "00:17:35", "text": "All right, let's do some Q&A."}, {"start": "00:18:00", "end": "00:18:05", "text": "I kind of agree with the dreps on uh for"}, {"start": "00:18:03", "end": "00:18:07", "text": "Cardano. I know it's"}, {"start": "00:18:05", "end": "00:18:09", "text": "I never been to a Cardano conference so"}, {"start": "00:18:07", "end": "00:18:12", "text": "I don't know how great it is but like"}, {"start": "00:18:09", "end": "00:18:16", "text": "right now rather than you know spend"}, {"start": "00:18:12", "end": "00:18:19", "text": "that $1.8 $8 million"}, {"start": "00:18:16", "end": "00:18:21", "text": ">> probably better to just be kept in a"}, {"start": "00:18:19", "end": "00:18:24", "text": "treasury. But you know, then again, what"}, {"start": "00:18:21", "end": "00:18:26", "text": "Charles and others always have said was"}, {"start": "00:18:24", "end": "00:18:30", "text": "you got to just keep building. You just"}, {"start": "00:18:26", "end": "00:18:31", "text": "got to keep building and educating and"}, {"start": "00:18:30", "end": "00:18:35", "text": "letting people know the community what's"}, {"start": "00:18:31", "end": "00:18:35", "text": "going on. So"}, {"start": "00:18:35", "end": "00:18:38", "text": "yeah."}, {"start": "00:18:41", "end": "00:18:45", "text": "Oh, and more good news."}, {"start": "00:18:45", "end": "00:18:49", "text": "Don't know how"}, {"start": "00:18:47", "end": "00:18:51", "text": "true this is or if this is just a"}, {"start": "00:18:49", "end": "00:18:54", "text": "negotiating tactic."}, {"start": "00:18:51", "end": "00:18:56", "text": "Uh it just came out. Iran announces"}, {"start": "00:18:54", "end": "00:19:01", "text": "ending all negotiations in the US and"}, {"start": "00:18:56", "end": "00:19:02", "text": "vows to completely block the strait."}, {"start": "00:19:01", "end": "00:19:04", "text": "Iran says ending negotiation due to"}, {"start": "00:19:02", "end": "00:19:08", "text": "repeated ceasefire violations including"}, {"start": "00:19:04", "end": "00:19:08", "text": "Israel strikes on Lebanon."}, {"start": "00:19:13", "end": "00:19:19", "text": "Yeah. So, th this definitely is not"}, {"start": "00:19:15", "end": "00:19:23", "text": "helping either. And uh we'll see."}, {"start": "00:19:19", "end": "00:19:26", "text": "We'll see whether or not this is true"}, {"start": "00:19:23", "end": "00:19:28", "text": "because uh obviously Trump is not going"}, {"start": "00:19:26", "end": "00:19:31", "text": "to like this. And he's been threatening"}, {"start": "00:19:28", "end": "00:19:33", "text": "to strike, you know, their oil"}, {"start": "00:19:31", "end": "00:19:36", "text": "infrastructure, their bridges and stuff"}, {"start": "00:19:33", "end": "00:19:38", "text": "like that. So, I don't know if he's"}, {"start": "00:19:36", "end": "00:19:40", "text": "actually going to go through with it or"}, {"start": "00:19:38", "end": "00:19:43", "text": "this is just again some kind of"}, {"start": "00:19:40", "end": "00:19:43", "text": "negotiating tactic."}, {"start": "00:20:19", "end": "00:20:23", "text": "Iran was never in negotiation. They were"}, {"start": "00:20:21", "end": "00:20:26", "text": "always stalling."}, {"start": "00:20:23", "end": "00:20:30", "text": "It's true. I've heard like, you know,"}, {"start": "00:20:26", "end": "00:20:33", "text": "Iran is like controlled by like several"}, {"start": "00:20:30", "end": "00:20:36", "text": "groups and parties and and one is like"}, {"start": "00:20:33", "end": "00:20:38", "text": "very religious, one is not. like there's"}, {"start": "00:20:36", "end": "00:20:40", "text": "like different factions in terms of like"}, {"start": "00:20:38", "end": "00:20:43", "text": "power."}, {"start": "00:20:40", "end": "00:20:45", "text": "So, it was always unknown whether or not"}, {"start": "00:20:43", "end": "00:20:48", "text": "Trump and the US and Pakistan were"}, {"start": "00:20:45", "end": "00:20:51", "text": "negotiating with the right faction."}, {"start": "00:20:48", "end": "00:20:53", "text": "And you know, it's kind of confusing. I"}, {"start": "00:20:51", "end": "00:20:56", "text": "I listened to a little bit someone"}, {"start": "00:20:53", "end": "00:20:58", "text": "explained how it works over there and"}, {"start": "00:20:56", "end": "00:21:01", "text": "it's not like there's like official"}, {"start": "00:20:58", "end": "00:21:03", "text": "group that controls all all power and"}, {"start": "00:21:01", "end": "00:21:05", "text": "just like it's kind of all over the"}, {"start": "00:21:03", "end": "00:21:09", "text": "place."}, {"start": "00:21:05", "end": "00:21:12", "text": "Um, so who knows? Maybe one side"}, {"start": "00:21:09", "end": "00:21:14", "text": "agrees or one faction agrees for"}, {"start": "00:21:12", "end": "00:21:16", "text": "ceasefire, but the other side doesn't"}, {"start": "00:21:14", "end": "00:21:21", "text": "and continues to like cause problems,"}, {"start": "00:21:16", "end": "00:21:21", "text": "you know? It's like it's really weird."}, {"start": "00:21:21", "end": "00:21:28", "text": "But this thing just keeps on going"}, {"start": "00:21:23", "end": "00:21:28", "text": "forever. Just never seems to end."}, {"start": "00:21:42", "end": "00:21:47", "text": "What a way to start a month, man. We are"}, {"start": "00:21:45", "end": "00:21:49", "text": "in June. We're halfway through this"}, {"start": "00:21:47", "end": "00:21:52", "text": "year."}, {"start": "00:21:49", "end": "00:21:56", "text": "It's quite amazing"}, {"start": "00:21:52", "end": "00:21:59", "text": "that this year has flew by so quickly,"}, {"start": "00:21:56", "end": "00:22:02", "text": "but yet right now we had a little bit of"}, {"start": "00:21:59", "end": "00:22:05", "text": "recovery from 60K up to 81K, but now"}, {"start": "00:22:02", "end": "00:22:06", "text": "unfortunately due to the ongoing war due"}, {"start": "00:22:05", "end": "00:22:10", "text": "to"}, {"start": "00:22:06", "end": "00:22:13", "text": "uh Sailor now AI being so hot, we're"}, {"start": "00:22:10", "end": "00:22:16", "text": "just kind of being like held back right"}, {"start": "00:22:13", "end": "00:22:16", "text": "now."}, {"start": "00:22:18", "end": "00:22:22", "text": "I don't even know."}, {"start": "00:22:31", "end": "00:22:38", "text": "Yeah, like this morning you look at"}, {"start": "00:22:33", "end": "00:22:44", "text": "Nvidia is up 4%, Microsoft up 3%,"}, {"start": "00:22:38", "end": "00:22:47", "text": "Oracle up 3%, like ARM up 12%,"}, {"start": "00:22:44", "end": "00:22:50", "text": "Palunteer up 3%. I mean, even IBM,"}, {"start": "00:22:47", "end": "00:22:55", "text": "something I've never like heard about"}, {"start": "00:22:50", "end": "00:22:58", "text": "for ye however many years, they're up 6%"}, {"start": "00:22:55", "end": "00:23:01", "text": "today. Palo Alto,"}, {"start": "00:22:58", "end": "00:23:04", "text": "I mean Salesforce,"}, {"start": "00:23:01", "end": "00:23:07", "text": "all these all these companies that"}, {"start": "00:23:04", "end": "00:23:10", "text": "basically were like"}, {"start": "00:23:07", "end": "00:23:13", "text": "not hot anymore, not moving anywhere,"}, {"start": "00:23:10", "end": "00:23:16", "text": "and now you're starting to see like huge"}, {"start": "00:23:13", "end": "00:23:18", "text": "moves with all of them, you know? It's"}, {"start": "00:23:16", "end": "00:23:20", "text": "just like money is like rotating into"}, {"start": "00:23:18", "end": "00:23:23", "text": "them because they're what's hot right"}, {"start": "00:23:20", "end": "00:23:23", "text": "now."}, {"start": "00:23:32", "end": "00:23:37", "text": "the eye bubble will pop. Not that the"}, {"start": "00:23:34", "end": "00:23:39", "text": "companies will disappear, but"}, {"start": "00:23:37", "end": "00:23:42", "text": "we're getting we're getting if you look"}, {"start": "00:23:39", "end": "00:23:44", "text": "at the charts, it's just un you know,"}, {"start": "00:23:42", "end": "00:23:47", "text": "we're getting to unfathomable levels for"}, {"start": "00:23:44", "end": "00:23:48", "text": "them. Just like just like gold and"}, {"start": "00:23:47", "end": "00:23:51", "text": "silver, we saw the same thing happen."}, {"start": "00:23:48", "end": "00:23:53", "text": "Gold reached like 5,500. It was just"}, {"start": "00:23:51", "end": "00:23:57", "text": "like a straight line up. silver reached"}, {"start": "00:23:53", "end": "00:24:01", "text": "like 120 going from like $20 going to"}, {"start": "00:23:57", "end": "00:24:03", "text": "like 120 within a matter of six months,"}, {"start": "00:24:01", "end": "00:24:04", "text": "seven months. Same thing with gold. I"}, {"start": "00:24:03", "end": "00:24:07", "text": "think we're going to see the same thing."}, {"start": "00:24:04", "end": "00:24:09", "text": "It we're going to get some level where"}, {"start": "00:24:07", "end": "00:24:11", "text": "it's just everything is way too"}, {"start": "00:24:09", "end": "00:24:13", "text": "overvalued. The bubbles go burst and the"}, {"start": "00:24:11", "end": "00:24:17", "text": "money will flow out, right? I just don't"}, {"start": "00:24:13", "end": "00:24:17", "text": "know when that's going to happen."}, {"start": "00:24:18", "end": "00:24:22", "text": "maybe before midterms."}, {"start": "00:24:23", "end": "00:24:30", "text": "But in crypto, if you look at it, there"}, {"start": "00:24:26", "end": "00:24:33", "text": "are good projects that are still doing"}, {"start": "00:24:30", "end": "00:24:36", "text": "well. Like for example, hype is still"}, {"start": "00:24:33", "end": "00:24:38", "text": "doing very well. Stellar,"}, {"start": "00:24:36", "end": "00:24:42", "text": "I don't know why Stellar is doing very"}, {"start": "00:24:38", "end": "00:24:44", "text": "well. Zcash is doing very well. Like"}, {"start": "00:24:42", "end": "00:24:47", "text": "Toncoin, Near,"}, {"start": "00:24:44", "end": "00:24:50", "text": "uh, Bit Tensor. So projects that are in"}, {"start": "00:24:47", "end": "00:24:52", "text": "AI or projects that have a lot of"}, {"start": "00:24:50", "end": "00:24:58", "text": "utility, they're still doing well, but"}, {"start": "00:24:52", "end": "00:24:58", "text": "the vast majority of alts are not."}, {"start": "00:25:28", "end": "00:25:35", "text": "I would like to hear explanation from"}, {"start": "00:25:31", "end": "00:25:37", "text": "sailor. Hopefully a really good one."}, {"start": "00:25:35", "end": "00:25:41", "text": "This is just absolutely hor the worst"}, {"start": "00:25:37", "end": "00:25:44", "text": "time uh to be selling a little bit."}, {"start": "00:25:41", "end": "00:25:46", "text": "I think it's a test. If I had to guess,"}, {"start": "00:25:44", "end": "00:25:48", "text": "it's a test. He needed to raise money"}, {"start": "00:25:46", "end": "00:25:51", "text": "for something, tax liabilities or"}, {"start": "00:25:48", "end": "00:25:52", "text": "because he wanted to buy back debt. He"}, {"start": "00:25:51", "end": "00:25:55", "text": "just wanted to test the market with a"}, {"start": "00:25:52", "end": "00:25:57", "text": "small sale, right? It's still"}, {"start": "00:25:55", "end": "00:25:58", "text": "significant 2.5 million, but it's a"}, {"start": "00:25:57", "end": "00:26:01", "text": "small sale compared to like the billions"}, {"start": "00:25:58", "end": "00:26:03", "text": "upon billions that he's been acquiring."}, {"start": "00:26:01", "end": "00:26:06", "text": "um"}, {"start": "00:26:03", "end": "00:26:08", "text": "because had he sold let's say 320"}, {"start": "00:26:06", "end": "00:26:12", "text": "Bitcoin, the message would have been"}, {"start": "00:26:08", "end": "00:26:15", "text": "much worse, right? So, I'm hoping he"}, {"start": "00:26:12", "end": "00:26:17", "text": "answers hoping he tweets out something"}, {"start": "00:26:15", "end": "00:26:21", "text": "soon to kind of reassure people that"}, {"start": "00:26:17", "end": "00:26:23", "text": "hey, you know, I said I would sell. I"}, {"start": "00:26:21", "end": "00:26:26", "text": "want to test the market. This is just"}, {"start": "00:26:23", "end": "00:26:29", "text": "for something small. you know, rest"}, {"start": "00:26:26", "end": "00:26:30", "text": "assured strategy strategy is still going"}, {"start": "00:26:29", "end": "00:26:32", "text": "to be acquiring more Bitcoin going"}, {"start": "00:26:30", "end": "00:26:35", "text": "forward."}, {"start": "00:26:32", "end": "00:26:39", "text": "You know, hopefully that's the that's"}, {"start": "00:26:35", "end": "00:26:39", "text": "the message that we're going to get."}, {"start": "00:27:06", "end": "00:27:09", "text": "Let's see."}, {"start": "00:27:10", "end": "00:27:16", "text": "Uh, he tweeted this out"}, {"start": "00:27:13", "end": "00:27:18", "text": "14 minutes ago."}, {"start": "00:27:16", "end": "00:27:21", "text": "Goal is to make Stretch the best credit"}, {"start": "00:27:18", "end": "00:27:21", "text": "instrument in the world."}, {"start": "00:27:22", "end": "00:27:26", "text": "Okay, I guess"}, {"start": "00:27:28", "end": "00:27:33", "text": "yeah, he's being trolled."}, {"start": "00:27:30", "end": "00:27:37", "text": "Never sell your Bitcoin. He has said"}, {"start": "00:27:33", "end": "00:27:37", "text": "that many times."}, {"start": "00:27:44", "end": "00:27:50", "text": "No word posting about selling. You told"}, {"start": "00:27:47", "end": "00:27:53", "text": "me to never sell my Bitcoin."}, {"start": "00:27:50", "end": "00:27:53", "text": "Why?"}, {"start": "00:27:55", "end": "00:28:00", "text": "You know, it's like,"}, {"start": "00:27:58", "end": "00:28:04", "text": "bro, you're crashing the Bitcoin price."}, {"start": "00:28:00", "end": "00:28:08", "text": "Stop it. What?"}, {"start": "00:28:04", "end": "00:28:10", "text": "Oh, the comments are brutal."}, {"start": "00:28:08", "end": "00:28:12", "text": "Comments are brutal right now. He should"}, {"start": "00:28:10", "end": "00:28:13", "text": "be addressing this."}, {"start": "00:28:12", "end": "00:28:15", "text": "I mean, he could do whatever he wants,"}, {"start": "00:28:13", "end": "00:28:17", "text": "obviously."}, {"start": "00:28:15", "end": "00:28:20", "text": "Um,"}, {"start": "00:28:17", "end": "00:28:22", "text": "but he has to realize the influence he"}, {"start": "00:28:20", "end": "00:28:24", "text": "has on the Bitcoin space, right? And"}, {"start": "00:28:22", "end": "00:28:26", "text": "it's not really from the retail. Most"}, {"start": "00:28:24", "end": "00:28:29", "text": "retail already left. It's just long-term"}, {"start": "00:28:26", "end": "00:28:32", "text": "holders left, which is fine, but it's"}, {"start": "00:28:29", "end": "00:28:33", "text": "the signal to the institutions and"}, {"start": "00:28:32", "end": "00:28:35", "text": "companies."}, {"start": "00:28:33", "end": "00:28:38", "text": "That's the signal you need to address"}, {"start": "00:28:35", "end": "00:28:40", "text": "because you don't want to send this"}, {"start": "00:28:38", "end": "00:28:42", "text": "message to them saying, \"Well, we're"}, {"start": "00:28:40", "end": "00:28:44", "text": "going to start selling.\""}, {"start": "00:28:42", "end": "00:28:48", "text": "then they're not gonna buy and they're"}, {"start": "00:28:44", "end": "00:28:50", "text": "gonna start selling. And that's"}, {"start": "00:28:48", "end": "00:28:54", "text": "that's the most important message he"}, {"start": "00:28:50", "end": "00:28:54", "text": "needs to like send out right now."}, {"start": "00:29:22", "end": "00:29:26", "text": "Yeah. So on top of this today, we're"}, {"start": "00:29:24", "end": "00:29:30", "text": "starting out with this. We're also now"}, {"start": "00:29:26", "end": "00:29:35", "text": "hearing this that negotiations"}, {"start": "00:29:30", "end": "00:29:35", "text": "for the war is over."}, {"start": "00:29:36", "end": "00:29:40", "text": "It could be a negotiating tactic. Again,"}, {"start": "00:29:38", "end": "00:29:42", "text": "we've been hearing about this. There's"}, {"start": "00:29:40", "end": "00:29:44", "text": "been a lot of threats both sides,"}, {"start": "00:29:42", "end": "00:29:48", "text": "especially from the US."}, {"start": "00:29:44", "end": "00:29:52", "text": "So, we'll see whether this escalates"}, {"start": "00:29:48", "end": "00:29:56", "text": "into more war or again this is just"}, {"start": "00:29:52", "end": "00:29:58", "text": "negotiations. Um, Trump, you know, he's"}, {"start": "00:29:56", "end": "00:30:00", "text": "been threatening to to take out oil"}, {"start": "00:29:58", "end": "00:30:02", "text": "infrastructure."}, {"start": "00:30:00", "end": "00:30:06", "text": "Uh"}, {"start": "00:30:02", "end": "00:30:09", "text": "you could continue the the block"}, {"start": "00:30:06", "end": "00:30:13", "text": "blockade and and also obviously strike"}, {"start": "00:30:09", "end": "00:30:13", "text": "bridges like he said before."}, {"start": "00:30:30", "end": "00:30:34", "text": "Sailor thought it was April 1st."}, {"start": "00:30:48", "end": "00:30:54", "text": "We're holding pretty good right around"}, {"start": "00:30:51", "end": "00:30:56", "text": "73 74,000"}, {"start": "00:30:54", "end": "00:30:58", "text": "and then uh"}, {"start": "00:30:56", "end": "00:31:00", "text": "and then the sailor news came out"}, {"start": "00:30:58", "end": "00:31:03", "text": "unfortunately kind of brought us down"}, {"start": "00:31:00", "end": "00:31:03", "text": "more."}, {"start": "00:31:16", "end": "00:31:22", "text": "What is smarter DCA besides Bitcoin, ETH"}, {"start": "00:31:19", "end": "00:31:25", "text": "and Soul? Right now in crypto, the"}, {"start": "00:31:22", "end": "00:31:28", "text": "things that are moving really good are"}, {"start": "00:31:25", "end": "00:31:31", "text": "like AI related, not really good but"}, {"start": "00:31:28", "end": "00:31:35", "text": "better than than than others. AI related"}, {"start": "00:31:31", "end": "00:31:38", "text": "or like trading"}, {"start": "00:31:35", "end": "00:31:40", "text": "related kind of like hype, but that's an"}, {"start": "00:31:38", "end": "00:31:44", "text": "outlier. Not not many can replicate"}, {"start": "00:31:40", "end": "00:31:46", "text": "hype. Their volume from trading and the"}, {"start": "00:31:44", "end": "00:31:47", "text": "revenue"}, {"start": "00:31:46", "end": "00:31:48", "text": "uh and they're making a deal with the"}, {"start": "00:31:47", "end": "00:31:51", "text": "New York Stock Exchange kind of sets"}, {"start": "00:31:48", "end": "00:31:53", "text": "them apart. Uh but outside of that, like"}, {"start": "00:31:51", "end": "00:31:56", "text": "you know, some of the AI plays have been"}, {"start": "00:31:53", "end": "00:31:56", "text": "doing well."}, {"start": "00:32:06", "end": "00:32:12", "text": "Sailor buying 2 billion. We don't blame."}, {"start": "00:32:09", "end": "00:32:14", "text": "He sells 32 million. We panic. Well,"}, {"start": "00:32:12", "end": "00:32:17", "text": "it's it's a different message, right?"}, {"start": "00:32:14", "end": "00:32:20", "text": "Buying is what we're expecting. you set"}, {"start": "00:32:17", "end": "00:32:22", "text": "if he set a tone for himself to be a"}, {"start": "00:32:20", "end": "00:32:25", "text": "Bitcoin bull and do irresponsible"}, {"start": "00:32:22", "end": "00:32:28", "text": "buying, which he has been,"}, {"start": "00:32:25", "end": "00:32:30", "text": "you know, you get used to that. You"}, {"start": "00:32:28", "end": "00:32:31", "text": "don't, you know, especially from someone"}, {"start": "00:32:30", "end": "00:32:34", "text": "that has always advocated never sell"}, {"start": "00:32:31", "end": "00:32:36", "text": "your Bitcoin. He has even gone as far as"}, {"start": "00:32:34", "end": "00:32:39", "text": "saying like you you go take out a equity"}, {"start": "00:32:36", "end": "00:32:41", "text": "loan, you go sell everything, but never"}, {"start": "00:32:39", "end": "00:32:43", "text": "sell your Bitcoin. He has said that many"}, {"start": "00:32:41", "end": "00:32:45", "text": "times. There's like I'm sure people"}, {"start": "00:32:43", "end": "00:32:46", "text": "could show you like endless tweets about"}, {"start": "00:32:45", "end": "00:32:50", "text": "that."}, {"start": "00:32:46", "end": "00:32:53", "text": "So obviously that's why"}, {"start": "00:32:50", "end": "00:32:55", "text": "uh selling now is making a big deal,"}, {"start": "00:32:53", "end": "00:32:57", "text": "right?"}, {"start": "00:32:55", "end": "00:32:58", "text": "But you know it's not the only reason."}, {"start": "00:32:57", "end": "00:33:01", "text": "You can't blame everything on Sailor."}, {"start": "00:32:58", "end": "00:33:03", "text": "It's just a bad time. Right now the war"}, {"start": "00:33:01", "end": "00:33:05", "text": "thing is escalating."}, {"start": "00:33:03", "end": "00:33:07", "text": "Uh there's still a lot of leverage being"}, {"start": "00:33:05", "end": "00:33:11", "text": "cleared out. We see a lot of"}, {"start": "00:33:07", "end": "00:33:14", "text": "liquidations left and right all the"}, {"start": "00:33:11", "end": "00:33:18", "text": "time. That's not helping this situation."}, {"start": "00:33:14", "end": "00:33:22", "text": "Look at this. Last hour 34 million"}, {"start": "00:33:18", "end": "00:33:24", "text": "liquidated. So last four hours"}, {"start": "00:33:22", "end": "00:33:26", "text": "122 million liquidated."}, {"start": "00:33:24", "end": "00:33:30", "text": "You know this is definitely not helping"}, {"start": "00:33:26", "end": "00:33:34", "text": "the situation either. So you still got"}, {"start": "00:33:30", "end": "00:33:36", "text": "too much leverage overall in the space."}, {"start": "00:33:34", "end": "00:33:39", "text": "Um"}, {"start": "00:33:36", "end": "00:33:42", "text": "this is not helping either. And plus, of"}, {"start": "00:33:39", "end": "00:33:46", "text": "course, AI trade right now is not"}, {"start": "00:33:42", "end": "00:33:46", "text": "helping either."}, {"start": "00:34:03", "end": "00:34:07", "text": "Ando seems to be holding pretty well. Is"}, {"start": "00:34:05", "end": "00:34:10", "text": "that also one in the trading narratives?"}, {"start": "00:34:07", "end": "00:34:13", "text": "You know, and iso"}, {"start": "00:34:10", "end": "00:34:15", "text": "is different. Ando is not a trading"}, {"start": "00:34:13", "end": "00:34:20", "text": "coin. It's not an AI coin. It's a RWA"}, {"start": "00:34:15", "end": "00:34:22", "text": "play. It's for tokenizing."}, {"start": "00:34:20", "end": "00:34:25", "text": "Uh and unfortunately, their founder just"}, {"start": "00:34:22", "end": "00:34:27", "text": "passed away recently. But Ando, you"}, {"start": "00:34:25", "end": "00:34:29", "text": "know, Ando,"}, {"start": "00:34:27", "end": "00:34:31", "text": "I don't think they're doing particularly"}, {"start": "00:34:29", "end": "00:34:34", "text": "well, but they're not doing bad. They"}, {"start": "00:34:31", "end": "00:34:36", "text": "have formed deals with the CFTC and the"}, {"start": "00:34:34", "end": "00:34:39", "text": "SEC. I forgot which agency. I think it's"}, {"start": "00:34:36", "end": "00:34:42", "text": "a CFTC. So, they're legit. They could"}, {"start": "00:34:39", "end": "00:34:44", "text": "offer I I think it's SEC because they"}, {"start": "00:34:42", "end": "00:34:46", "text": "can offer security tokens. So, they're"}, {"start": "00:34:44", "end": "00:34:49", "text": "just in a really good shape. Whether the"}, {"start": "00:34:46", "end": "00:34:52", "text": "volume is there, don't know, but"}, {"start": "00:34:49", "end": "00:34:55", "text": "obviously RWA is going to be a big deal"}, {"start": "00:34:52", "end": "00:35:00", "text": "um going forward. A lot of financial"}, {"start": "00:34:55", "end": "00:35:02", "text": "institutions and banks and and uh"}, {"start": "00:35:00", "end": "00:35:08", "text": "and everyone else want to get into that"}, {"start": "00:35:02", "end": "00:35:08", "text": "space. So that's what sets them apart."}, {"start": "00:35:13", "end": "00:35:22", "text": "Aster DEX supports 1,01 leverage."}, {"start": "00:35:18", "end": "00:35:25", "text": "Yeah, that's irresponsible. So, you"}, {"start": "00:35:22", "end": "00:35:28", "text": "know, I get how exchanges and dexes like"}, {"start": "00:35:25", "end": "00:35:31", "text": "like Hype and Aster, you know, if people"}, {"start": "00:35:28", "end": "00:35:33", "text": "want it, you offer it, right? Like"}, {"start": "00:35:31", "end": "00:35:35", "text": "leverage. People want leverage, you give"}, {"start": "00:35:33", "end": "00:35:37", "text": "it to them. Some people make money, most"}, {"start": "00:35:35", "end": "00:35:40", "text": "people lose. But at some point, you got"}, {"start": "00:35:37", "end": "00:35:43", "text": "to just as an industry leader, you got"}, {"start": "00:35:40", "end": "00:35:45", "text": "to set a tone, right? Like if you're"}, {"start": "00:35:43", "end": "00:35:48", "text": "hype,"}, {"start": "00:35:45", "end": "00:35:49", "text": "you're like, maybe we're wrecking too"}, {"start": "00:35:48", "end": "00:35:55", "text": "many people. Maybe we should just set"}, {"start": "00:35:49", "end": "00:35:57", "text": "our leverage at 10x, okay? Or 20x."}, {"start": "00:35:55", "end": "00:35:58", "text": "Uh even 20x will wreck a lot of people."}, {"start": "00:35:57", "end": "00:36:00", "text": "But, you know, maybe they should just be"}, {"start": "00:35:58", "end": "00:36:02", "text": "proactive and say, you know what, just"}, {"start": "00:36:00", "end": "00:36:05", "text": "go set a 10. I don't care. We might lose"}, {"start": "00:36:02", "end": "00:36:07", "text": "a little business now, but we're setting"}, {"start": "00:36:05", "end": "00:36:09", "text": "a standard and maybe others will follow"}, {"start": "00:36:07", "end": "00:36:11", "text": "and it's better for the overall"}, {"start": "00:36:09", "end": "00:36:14", "text": "community, right? And maybe then someone"}, {"start": "00:36:11", "end": "00:36:17", "text": "like Aster will follow and then Binance"}, {"start": "00:36:14", "end": "00:36:21", "text": "and everyone else is go follow because"}, {"start": "00:36:17", "end": "00:36:24", "text": "just offering anything that's 20, 50,"}, {"start": "00:36:21", "end": "00:36:26", "text": "100, now a thousand. It's just you're"}, {"start": "00:36:24", "end": "00:36:29", "text": "just setting yourself. You're just"}, {"start": "00:36:26", "end": "00:36:31", "text": "setting other people to fail. There's no"}, {"start": "00:36:29", "end": "00:36:35", "text": "way anyone can win with a thousandx"}, {"start": "00:36:31", "end": "00:36:37", "text": "leverage. Zero. Because nothing just"}, {"start": "00:36:35", "end": "00:36:40", "text": "keeps ticking upwards. It ticks up,"}, {"start": "00:36:37", "end": "00:36:43", "text": "down, up, down. It may stair step up,"}, {"start": "00:36:40", "end": "00:36:46", "text": "but you're going to get wrecked in the"}, {"start": "00:36:43", "end": "00:36:46", "text": "process."}, {"start": "00:37:05", "end": "00:37:13", "text": "Yeah, US market not horribly weak but"}, {"start": "00:37:08", "end": "00:37:13", "text": "have turned red because of this."}, {"start": "00:37:15", "end": "00:37:21", "text": "So this definitely is not helping the"}, {"start": "00:37:17", "end": "00:37:21", "text": "situation either."}, {"start": "00:37:35", "end": "00:37:42", "text": "The stock market is something yearly"}, {"start": "00:37:38", "end": "00:37:42", "text": "similar to the.com bubble."}, {"start": "00:37:45", "end": "00:37:51", "text": "Just 20 of the S&P 500 members joined"}, {"start": "00:37:48", "end": "00:37:53", "text": "index at a record close on Friday."}, {"start": "00:37:51", "end": "00:37:56", "text": "Bank of America points out just 20"}, {"start": "00:37:53", "end": "00:37:56", "text": "stocks,"}, {"start": "00:37:59", "end": "00:38:03", "text": "sorry. Bank of America points out 20"}, {"start": "00:38:01", "end": "00:38:07", "text": "stocks hit new highs at the very top of"}, {"start": "00:38:03", "end": "00:38:15", "text": "the internet bubble in March of 20 2000."}, {"start": "00:38:07", "end": "00:38:17", "text": "Uh so very similar basically S&P 500 and"}, {"start": "00:38:15", "end": "00:38:19", "text": "I think NASDAQ is just being led by the"}, {"start": "00:38:17", "end": "00:38:23", "text": "AI companies. That's it. everything else"}, {"start": "00:38:19", "end": "00:38:26", "text": "is not doing well. Um, so even though"}, {"start": "00:38:23", "end": "00:38:28", "text": "stock markets look like these indexes"}, {"start": "00:38:26", "end": "00:38:31", "text": "look like they're forming new highs,"}, {"start": "00:38:28", "end": "00:38:35", "text": "it's really just from a few individual"}, {"start": "00:38:31", "end": "00:38:37", "text": "companies, not from the entire base. Uh,"}, {"start": "00:38:35", "end": "00:38:39", "text": "and that makes a lot of sense. So, this"}, {"start": "00:38:37", "end": "00:38:41", "text": "is what I've been saying. We saw this"}, {"start": "00:38:39", "end": "00:38:43", "text": "last year with Gold and Silver, even"}, {"start": "00:38:41", "end": "00:38:45", "text": "though they're not tech stocks. I know"}, {"start": "00:38:43", "end": "00:38:47", "text": "they're commodities, but we saw the same"}, {"start": "00:38:45", "end": "00:38:50", "text": "kind of FOMO happen. We saw them"}, {"start": "00:38:47", "end": "00:38:52", "text": "skyrocket to unfathomable levels. Levels"}, {"start": "00:38:50", "end": "00:38:55", "text": "that they never should have reached and"}, {"start": "00:38:52", "end": "00:38:57", "text": "then a bubble burst and then it kind of"}, {"start": "00:38:55", "end": "00:38:59", "text": "down from there. Right? Seems like the"}, {"start": "00:38:57", "end": "00:39:01", "text": "same thing is building up with AI. I"}, {"start": "00:38:59", "end": "00:39:03", "text": "don't know when that's going to happen"}, {"start": "00:39:01", "end": "00:39:05", "text": "when that bubbles go burst, but right"}, {"start": "00:39:03", "end": "00:39:08", "text": "now that's where all the money is going"}, {"start": "00:39:05", "end": "00:39:10", "text": "into."}, {"start": "00:39:08", "end": "00:39:14", "text": "Now oil jumped 7%"}, {"start": "00:39:10", "end": "00:39:14", "text": "based on this."}, {"start": "00:39:15", "end": "00:39:22", "text": "What a what a start to uh what a start"}, {"start": "00:39:19", "end": "00:39:22", "text": "to June."}, {"start": "00:39:42", "end": "00:39:46", "text": "AP, I I kind of feel with you. I I I"}, {"start": "00:39:45", "end": "00:39:48", "text": "agree with you. I think the bubble is"}, {"start": "00:39:46", "end": "00:39:50", "text": "going to continue forward for a while. I"}, {"start": "00:39:48", "end": "00:39:53", "text": "don't think it's going to stop anytime"}, {"start": "00:39:50", "end": "00:39:54", "text": "soon, but it will. Not that the"}, {"start": "00:39:53", "end": "00:39:55", "text": "companies will go belly up. I mean,"}, {"start": "00:39:54", "end": "00:39:57", "text": "we're talking about some of the biggest"}, {"start": "00:39:55", "end": "00:40:00", "text": "companies on the planet. Not that like"}, {"start": "00:39:57", "end": "00:40:02", "text": "Nvidia is just going to like blow up to"}, {"start": "00:40:00", "end": "00:40:05", "text": "nothing like Pets.com. It won't happen,"}, {"start": "00:40:02", "end": "00:40:07", "text": "but some of these companies are just way"}, {"start": "00:40:05", "end": "00:40:10", "text": "too overvalued at this point. And"}, {"start": "00:40:07", "end": "00:40:12", "text": "they're going to continue to be"}, {"start": "00:40:10", "end": "00:40:13", "text": "they're going to continue to go higher"}, {"start": "00:40:12", "end": "00:40:15", "text": "and higher and higher to a point where"}, {"start": "00:40:13", "end": "00:40:18", "text": "it's just"}, {"start": "00:40:15", "end": "00:40:18", "text": "too much."}, {"start": "00:40:34", "end": "00:40:39", "text": "All right, guys. I'm going to let you"}, {"start": "00:40:36", "end": "00:40:42", "text": "go. I know it's not a great way to start"}, {"start": "00:40:39", "end": "00:40:45", "text": "the month, right? But we got more"}, {"start": "00:40:42", "end": "00:40:47", "text": "tensions in the Middle East just started"}, {"start": "00:40:45", "end": "00:40:49", "text": "escalating all of a sudden. Seemed like"}, {"start": "00:40:47", "end": "00:40:53", "text": "we were getting so close to a ceasefire,"}, {"start": "00:40:49", "end": "00:40:56", "text": "a real ceasefire, real"}, {"start": "00:40:53", "end": "00:40:58", "text": "done deal,"}, {"start": "00:40:56", "end": "00:41:01", "text": "but now"}, {"start": "00:40:58", "end": "00:41:04", "text": "uh we're rolling back. Hopefully this is"}, {"start": "00:41:01", "end": "00:41:07", "text": "just again just negotiations"}, {"start": "00:41:04", "end": "00:41:10", "text": "their way to negotiate a better term. I"}, {"start": "00:41:07", "end": "00:41:12", "text": "don't know but it seems like this is"}, {"start": "00:41:10", "end": "00:41:15", "text": "escalating once again. Oil jumping"}, {"start": "00:41:12", "end": "00:41:20", "text": "markets don't like this obviously."}, {"start": "00:41:15", "end": "00:41:23", "text": "Uh not not ideal by any means. Uh"}, {"start": "00:41:20", "end": "00:41:25", "text": "obviously this is not ideal. Still"}, {"start": "00:41:23", "end": "00:41:27", "text": "haven't heard an explanation yet."}, {"start": "00:41:25", "end": "00:41:28", "text": "Hopefully he comes out. I don't want to"}, {"start": "00:41:27", "end": "00:41:30", "text": "cause too much panic over this because"}, {"start": "00:41:28", "end": "00:41:34", "text": "again, he could just come out and say"}, {"start": "00:41:30", "end": "00:41:37", "text": "something that's totally okay. Like, I"}, {"start": "00:41:34", "end": "00:41:39", "text": "had to sell some for for tax reasons. We"}, {"start": "00:41:37", "end": "00:41:42", "text": "had like a $3 million tax bill or I just"}, {"start": "00:41:39", "end": "00:41:45", "text": "wanted to we needed a little bit more"}, {"start": "00:41:42", "end": "00:41:47", "text": "for our buyback last month."}, {"start": "00:41:45", "end": "00:41:51", "text": "Whatever it is, right, he just needs to"}, {"start": "00:41:47", "end": "00:41:52", "text": "address it. H having it not addressed is"}, {"start": "00:41:51", "end": "00:41:54", "text": "worse because people are just"}, {"start": "00:41:52", "end": "00:41:57", "text": "speculating, thinking the worst thing"}, {"start": "00:41:54", "end": "00:41:58", "text": "possible. So, and and the comments are"}, {"start": "00:41:57", "end": "00:42:01", "text": "kind of brutal right now. So, hopefully"}, {"start": "00:41:58", "end": "00:42:03", "text": "just come comes out, puts a really nice"}, {"start": "00:42:01", "end": "00:42:04", "text": "tweets, kind of squashes this FUD, and"}, {"start": "00:42:03", "end": "00:42:07", "text": "then we'll be done with, but this is"}, {"start": "00:42:04", "end": "00:42:11", "text": "obviously not helping the situation"}, {"start": "00:42:07", "end": "00:42:13", "text": "right now. And of course, all the AI"}, {"start": "00:42:11", "end": "00:42:15", "text": "booming is not helping the situation"}, {"start": "00:42:13", "end": "00:42:16", "text": "right now. Even though if you are"}, {"start": "00:42:15", "end": "00:42:19", "text": "investor in them, great. You're making"}, {"start": "00:42:16", "end": "00:42:22", "text": "some money. uh you know being"}, {"start": "00:42:19", "end": "00:42:24", "text": "diversified probably a smart move at"}, {"start": "00:42:22", "end": "00:42:27", "text": "this point but you got to watch out"}, {"start": "00:42:24", "end": "00:42:28", "text": "because I do think at some point you'll"}, {"start": "00:42:27", "end": "00:42:30", "text": "have a major correction. The bubble will"}, {"start": "00:42:28", "end": "00:42:33", "text": "burst because a lot of these companies"}, {"start": "00:42:30", "end": "00:42:36", "text": "have gone up way too much way too fast"}, {"start": "00:42:33", "end": "00:42:38", "text": "and we're going to see some kind of"}, {"start": "00:42:36", "end": "00:42:40", "text": "bubble bursting and then that's when the"}, {"start": "00:42:38", "end": "00:42:44", "text": "money will flow out, right? But that"}, {"start": "00:42:40", "end": "00:42:46", "text": "could be some time. All right,"}, {"start": "00:42:44", "end": "00:42:49", "text": "that is it guys. Stay strong, stay"}, {"start": "00:42:46", "end": "00:42:50", "text": "focused. I know it's a dark time right"}, {"start": "00:42:49", "end": "00:42:52", "text": "now, but"}, {"start": "00:42:50", "end": "00:42:57", "text": "we will get through it together. All"}, {"start": "00:42:52", "end": "00:42:59", "text": "right, have a good one. Take care."}, {"start": "00:42:57", "end": "00:42:59", "text": "Bye-bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Welcome back to another Sunday video."}, {"start": "00:00:02", "end": "00:00:07", "text": "Unfortunately, not walking today. I was"}, {"start": "00:00:05", "end": "00:00:09", "text": "quite busy today with family activities."}, {"start": "00:00:07", "end": "00:00:12", "text": "But in this video, I want to break it"}, {"start": "00:00:09", "end": "00:00:16", "text": "down to you guys and tell you guys why I"}, {"start": "00:00:12", "end": "00:00:18", "text": "think right now why crypto is not going"}, {"start": "00:00:16", "end": "00:00:20", "text": "up. And I know some of you guys may be"}, {"start": "00:00:18", "end": "00:00:23", "text": "confused. You're looking at, let's say,"}, {"start": "00:00:20", "end": "00:00:26", "text": "the US market and you're seeing a rally"}, {"start": "00:00:23", "end": "00:00:28", "text": "and you don't understand why Bitcoin and"}, {"start": "00:00:26", "end": "00:00:30", "text": "crypto has decoupled away from the US"}, {"start": "00:00:28", "end": "00:00:32", "text": "market."}, {"start": "00:00:30", "end": "00:00:35", "text": "And in this video, I'm going to show you"}, {"start": "00:00:32", "end": "00:00:38", "text": "my honest thoughts on everything, what's"}, {"start": "00:00:35", "end": "00:00:42", "text": "going on, and what I think is really"}, {"start": "00:00:38", "end": "00:00:46", "text": "holding us back right now. Um, and it"}, {"start": "00:00:42", "end": "00:00:50", "text": "may not be what you think. So, let's get"}, {"start": "00:00:46", "end": "00:00:53", "text": "started. So, the first thing that's"}, {"start": "00:00:50", "end": "00:00:57", "text": "still happening right now is this,"}, {"start": "00:00:53", "end": "00:00:59", "text": "and we have been waiting for this to"}, {"start": "00:00:57", "end": "00:01:01", "text": "conclude forever."}, {"start": "00:00:59", "end": "00:01:03", "text": "Okay. But it's still ongoing. Trump says"}, {"start": "00:01:01", "end": "00:01:06", "text": "he's still not in a hurry. The latest"}, {"start": "00:01:03", "end": "00:01:09", "text": "from last week was that yeah, there was"}, {"start": "00:01:06", "end": "00:01:12", "text": "a deal for a ceasefire for a 60-day"}, {"start": "00:01:09", "end": "00:01:15", "text": "ceasefire and both sides were reviewing"}, {"start": "00:01:12", "end": "00:01:18", "text": "it. Trump was supposed to review and"}, {"start": "00:01:15", "end": "00:01:22", "text": "agree, but it turns out that that has"}, {"start": "00:01:18", "end": "00:01:24", "text": "not happened yet. So, this continues to"}, {"start": "00:01:22", "end": "00:01:26", "text": "linger"}, {"start": "00:01:24", "end": "00:01:27", "text": "more and more and more. And obviously"}, {"start": "00:01:26", "end": "00:01:31", "text": "this is one of the big things I've been"}, {"start": "00:01:27", "end": "00:01:32", "text": "talking about forever, right? However, I"}, {"start": "00:01:31", "end": "00:01:35", "text": "know a lot of you guys are thinking,"}, {"start": "00:01:32", "end": "00:01:39", "text": "well, this yeah, this may be ongoing,"}, {"start": "00:01:35", "end": "00:01:41", "text": "but markets have been going up. Asia,"}, {"start": "00:01:39", "end": "00:01:44", "text": "you could see right here, South Korea"}, {"start": "00:01:41", "end": "00:01:46", "text": "hits a new high,"}, {"start": "00:01:44", "end": "00:01:49", "text": "okay, despite, you know, what's going on"}, {"start": "00:01:46", "end": "00:01:51", "text": "in the Middle East. Uh other parts of"}, {"start": "00:01:49", "end": "00:01:56", "text": "the world, I know Taiwan stock market is"}, {"start": "00:01:51", "end": "00:01:59", "text": "hot. The US market is also hot. Okay,"}, {"start": "00:01:56", "end": "00:02:00", "text": "there's no doubt about it. So, if you're"}, {"start": "00:01:59", "end": "00:02:03", "text": "looking at"}, {"start": "00:02:00", "end": "00:02:06", "text": "uh like the top stocks, this this is"}, {"start": "00:02:03", "end": "00:02:10", "text": "just like overall list, but look at it."}, {"start": "00:02:06", "end": "00:02:16", "text": "The top top nine right here. Look at the"}, {"start": "00:02:10", "end": "00:02:20", "text": "90day 15 24 17 13"}, {"start": "00:02:16", "end": "00:02:25", "text": "40 uh only one 135. But you could see"}, {"start": "00:02:20", "end": "00:02:28", "text": "basically 90-day, 30-day, 7-day,"}, {"start": "00:02:25", "end": "00:02:31", "text": "24hour, all green. You scroll down a"}, {"start": "00:02:28", "end": "00:02:38", "text": "little bit, you see more of the same."}, {"start": "00:02:31", "end": "00:02:41", "text": "135%, 160%, 135, 152%. 51%, 40%. Right?"}, {"start": "00:02:38", "end": "00:02:44", "text": "And this looks very, very different than"}, {"start": "00:02:41", "end": "00:02:47", "text": "the crypto market cap."}, {"start": "00:02:44", "end": "00:02:50", "text": "Okay? So, this is what a lot of people"}, {"start": "00:02:47", "end": "00:02:54", "text": "are confused about. Why the US market,"}, {"start": "00:02:50", "end": "00:02:57", "text": "especially tech and AI related, have"}, {"start": "00:02:54", "end": "00:03:02", "text": "been going up like crazy within the last"}, {"start": "00:02:57", "end": "00:03:05", "text": "30 days to 90 days. Yet, crypto, Bitcoin"}, {"start": "00:03:02", "end": "00:03:06", "text": "is still staying where it is. And in"}, {"start": "00:03:05", "end": "00:03:09", "text": "fact, if you're looking at it, this is"}, {"start": "00:03:06", "end": "00:03:12", "text": "what it's looking like right now, right?"}, {"start": "00:03:09", "end": "00:03:14", "text": "We're stuck at 73,500"}, {"start": "00:03:12", "end": "00:03:16", "text": "despite the fact that we did hit it"}, {"start": "00:03:14", "end": "00:03:19", "text": "seemed like we were recovering pretty"}, {"start": "00:03:16", "end": "00:03:23", "text": "good like 70 to 84,000 but now we have"}, {"start": "00:03:19", "end": "00:03:24", "text": "slid down about $10,000 down to 74,000"}, {"start": "00:03:23", "end": "00:03:28", "text": "and we're kind of hovering at that"}, {"start": "00:03:24", "end": "00:03:32", "text": "resistance or support right now. Right."}, {"start": "00:03:28", "end": "00:03:34", "text": "So what is going on? Well, a couple"}, {"start": "00:03:32", "end": "00:03:37", "text": "things."}, {"start": "00:03:34", "end": "00:03:39", "text": "Right now we're seeing massive amount of"}, {"start": "00:03:37", "end": "00:03:43", "text": "outflow from the ETFs and you could see"}, {"start": "00:03:39", "end": "00:03:47", "text": "for the past week or two a lot more"}, {"start": "00:03:43", "end": "00:03:52", "text": "outflows than inflow. The latest session"}, {"start": "00:03:47", "end": "00:03:55", "text": "was minus 125 million. This 90day net is"}, {"start": "00:03:52", "end": "00:04:00", "text": "still 404 million plus which is good but"}, {"start": "00:03:55", "end": "00:04:03", "text": "that number was like 2 or 3 billion just"}, {"start": "00:04:00", "end": "00:04:08", "text": "a week ago. So overall within the last"}, {"start": "00:04:03", "end": "00:04:10", "text": "week we have lost a tremendous amount."}, {"start": "00:04:08", "end": "00:04:12", "text": "Okay. And not only that, if you're"}, {"start": "00:04:10", "end": "00:04:16", "text": "looking at overall liquidity,"}, {"start": "00:04:12", "end": "00:04:18", "text": "well no the uh where's the liquidity?"}, {"start": "00:04:16", "end": "00:04:20", "text": "Oh, I closed it. But if you go to"}, {"start": "00:04:18", "end": "00:04:25", "text": "liquidity, it's the same thing. Look at"}, {"start": "00:04:20", "end": "00:04:29", "text": "it. 1 day change minus 133 million. 7day"}, {"start": "00:04:25", "end": "00:04:32", "text": "change minus 2.7 billion. So obviously"}, {"start": "00:04:29", "end": "00:04:35", "text": "there's money flowing out right now,"}, {"start": "00:04:32", "end": "00:04:40", "text": "okay, out of crypto."}, {"start": "00:04:35", "end": "00:04:43", "text": "And why is that? So I think it doesn't"}, {"start": "00:04:40", "end": "00:04:46", "text": "take a genius to figure out, right? The"}, {"start": "00:04:43", "end": "00:04:48", "text": "reason why crypto is weak right now is"}, {"start": "00:04:46", "end": "00:04:52", "text": "due to this."}, {"start": "00:04:48", "end": "00:04:56", "text": "The stock market in the US and around"}, {"start": "00:04:52", "end": "00:04:59", "text": "the world, they are hot. I I'm scrolling"}, {"start": "00:04:56", "end": "00:05:02", "text": "down here. Do you see the commonality?"}, {"start": "00:04:59", "end": "00:05:04", "text": "It's almost green across the board"}, {"start": "00:05:02", "end": "00:05:05", "text": "everywhere."}, {"start": "00:05:04", "end": "00:05:09", "text": "Like"}, {"start": "00:05:05", "end": "00:05:13", "text": "that's kind of nuts, right? That was in"}, {"start": "00:05:09", "end": "00:05:16", "text": "AI, but even not AI."}, {"start": "00:05:13", "end": "00:05:18", "text": "Uh mostly green, although there are some"}, {"start": "00:05:16", "end": "00:05:20", "text": "that are red. Obviously, things that are"}, {"start": "00:05:18", "end": "00:05:24", "text": "not"}, {"start": "00:05:20", "end": "00:05:26", "text": "AI or techreated like Exxon being oil,"}, {"start": "00:05:24", "end": "00:05:29", "text": "of course, that's not doing well. Visa"}, {"start": "00:05:26", "end": "00:05:31", "text": "competing with stable coins not doing"}, {"start": "00:05:29", "end": "00:05:33", "text": "well. But if you're looking at tech and"}, {"start": "00:05:31", "end": "00:05:37", "text": "AI in general,"}, {"start": "00:05:33", "end": "00:05:40", "text": "mostly green."}, {"start": "00:05:37", "end": "00:05:43", "text": "Okay. So, I think this is the this is"}, {"start": "00:05:40", "end": "00:05:46", "text": "probably one of the biggest reasons if"}, {"start": "00:05:43", "end": "00:05:48", "text": "not the biggest reason why"}, {"start": "00:05:46", "end": "00:05:51", "text": "Bitcoin you're not seeing a lot of money"}, {"start": "00:05:48", "end": "00:05:54", "text": "flow in, you're seeing a lot of money"}, {"start": "00:05:51", "end": "00:05:57", "text": "flowing out because people are chasing."}, {"start": "00:05:54", "end": "00:06:01", "text": "People are FOMOing. This happens every"}, {"start": "00:05:57", "end": "00:06:05", "text": "single time. Example, remember last"}, {"start": "00:06:01", "end": "00:06:06", "text": "year, you know, remember what happened"}, {"start": "00:06:05", "end": "00:06:11", "text": "also"}, {"start": "00:06:06", "end": "00:06:14", "text": "that that was almost the same."}, {"start": "00:06:11", "end": "00:06:18", "text": "You guys remember gold and silver?"}, {"start": "00:06:14", "end": "00:06:22", "text": "Remember this rally where gold went from"}, {"start": "00:06:18", "end": "00:06:25", "text": "like 3000 something 2000 something all"}, {"start": "00:06:22", "end": "00:06:28", "text": "the way to peaked at 5,000 something."}, {"start": "00:06:25", "end": "00:06:33", "text": "You guys remember silver being in the"}, {"start": "00:06:28", "end": "00:06:36", "text": "low30s going all the way up to like 120."}, {"start": "00:06:33", "end": "00:06:39", "text": "Same thing, right? It started back in"}, {"start": "00:06:36", "end": "00:06:41", "text": "April and then it just kept going and"}, {"start": "00:06:39", "end": "00:06:45", "text": "going and accelerating."}, {"start": "00:06:41", "end": "00:06:48", "text": "That is what is happening right now."}, {"start": "00:06:45", "end": "00:06:51", "text": "Last year we saw tremendous amount of"}, {"start": "00:06:48", "end": "00:06:55", "text": "FOMO in"}, {"start": "00:06:51", "end": "00:07:00", "text": "gold and silver and now we're seeing the"}, {"start": "00:06:55", "end": "00:07:03", "text": "same thing especially with AI. Now two"}, {"start": "00:07:00", "end": "00:07:06", "text": "different things I know. One one is a"}, {"start": "00:07:03", "end": "00:07:09", "text": "asset class that's known to be stable"}, {"start": "00:07:06", "end": "00:07:11", "text": "but turned out not to be stable. That's"}, {"start": "00:07:09", "end": "00:07:13", "text": "commodities, right? Commodities, gold"}, {"start": "00:07:11", "end": "00:07:15", "text": "and silver are not supposed to go that"}, {"start": "00:07:13", "end": "00:07:18", "text": "much, but they did. And we're comparing"}, {"start": "00:07:15", "end": "00:07:21", "text": "that to risk on assets like stocks,"}, {"start": "00:07:18", "end": "00:07:24", "text": "right? But stocks, there are winners"}, {"start": "00:07:21", "end": "00:07:27", "text": "like AI right now, right? But the way"}, {"start": "00:07:24", "end": "00:07:30", "text": "things are moving right now,"}, {"start": "00:07:27", "end": "00:07:32", "text": "it feels like a bubble. It feels like a"}, {"start": "00:07:30", "end": "00:07:37", "text": "massive bubble. And that bubble may not"}, {"start": "00:07:32", "end": "00:07:41", "text": "pop anytime soon, but when it does, it"}, {"start": "00:07:37", "end": "00:07:44", "text": "tends to do that. Like silver dropping"}, {"start": "00:07:41", "end": "00:07:46", "text": "almost 30% in a single day. And ever"}, {"start": "00:07:44", "end": "00:07:49", "text": "since it dropped, it kind of hovered. It"}, {"start": "00:07:46", "end": "00:07:51", "text": "just kind of hovers. It does. It has not"}, {"start": "00:07:49", "end": "00:07:53", "text": "gone up. It has not gone down. It's just"}, {"start": "00:07:51", "end": "00:07:56", "text": "hovering. Yes, it's still way above"}, {"start": "00:07:53", "end": "00:07:58", "text": "where it was before, but look at how"}, {"start": "00:07:56", "end": "00:08:01", "text": "long it has been since that pop and it's"}, {"start": "00:07:58", "end": "00:08:04", "text": "just there, right? I have a feeling that"}, {"start": "00:08:01", "end": "00:08:07", "text": "tech stocks, AI stocks in general will"}, {"start": "00:08:04", "end": "00:08:10", "text": "do the same thing. We will see massive"}, {"start": "00:08:07", "end": "00:08:13", "text": "FOMO. we will see massive amount of"}, {"start": "00:08:10", "end": "00:08:16", "text": "liquidity go in until the temporary"}, {"start": "00:08:13", "end": "00:08:19", "text": "bubble burst and that could be right"}, {"start": "00:08:16", "end": "00:08:23", "text": "around October, November around midterms"}, {"start": "00:08:19", "end": "00:08:25", "text": "when things are too frosty"}, {"start": "00:08:23", "end": "00:08:27", "text": "the percentages and gains are too high"}, {"start": "00:08:25", "end": "00:08:32", "text": "and then they will pop and then the"}, {"start": "00:08:27", "end": "00:08:34", "text": "money will flow out. I believe that is"}, {"start": "00:08:32", "end": "00:08:37", "text": "what's happening and that's what will"}, {"start": "00:08:34", "end": "00:08:39", "text": "happen and that is one of the biggest"}, {"start": "00:08:37", "end": "00:08:42", "text": "reasons why we're not moving. It's not"}, {"start": "00:08:39", "end": "00:08:44", "text": "the only reason. Obviously, there are a"}, {"start": "00:08:42", "end": "00:08:46", "text": "lot of things at play that hasn't"}, {"start": "00:08:44", "end": "00:08:49", "text": "happened yet. For example, the clarity"}, {"start": "00:08:46", "end": "00:08:51", "text": "bill hasn't been passed yet. Okay, that"}, {"start": "00:08:49", "end": "00:08:53", "text": "Bitcoin reserve announcement hasn't"}, {"start": "00:08:51", "end": "00:08:56", "text": "happened yet. We still have the war"}, {"start": "00:08:53", "end": "00:09:01", "text": "which is ongoing. Yes. So all these"}, {"start": "00:08:56", "end": "00:09:04", "text": "things are happening and leverage right"}, {"start": "00:09:01", "end": "00:09:08", "text": "just last week we had another big clear"}, {"start": "00:09:04", "end": "00:09:10", "text": "out flush out and that never helps. And"}, {"start": "00:09:08", "end": "00:09:13", "text": "right now if you're looking at like the"}, {"start": "00:09:10", "end": "00:09:16", "text": "overall liquidations or the levels we"}, {"start": "00:09:13", "end": "00:09:19", "text": "have a a lot here around 74,000 and some"}, {"start": "00:09:16", "end": "00:09:22", "text": "around 73,000. So we're kind of sitting"}, {"start": "00:09:19", "end": "00:09:24", "text": "right between that that that"}, {"start": "00:09:22", "end": "00:09:26", "text": "channel. But if you're looking at"}, {"start": "00:09:24", "end": "00:09:30", "text": "overall there's a lot of longs waiting"}, {"start": "00:09:26", "end": "00:09:33", "text": "to be liquidated. Okay, 70 78 million 64"}, {"start": "00:09:30", "end": "00:09:38", "text": "million 64 million a lot a lot that are"}, {"start": "00:09:33", "end": "00:09:40", "text": "looking to get liquidated but leverage"}, {"start": "00:09:38", "end": "00:09:41", "text": "obviously hasn't been helping and"}, {"start": "00:09:40", "end": "00:09:44", "text": "there's headline news that Coinbase and"}, {"start": "00:09:41", "end": "00:09:46", "text": "Kraken they're getting leverage back."}, {"start": "00:09:44", "end": "00:09:49", "text": "Leverage is one of the things that are"}, {"start": "00:09:46", "end": "00:09:52", "text": "holding us back too. And there's a lot"}, {"start": "00:09:49", "end": "00:09:55", "text": "more leverage a lot more a lot more"}, {"start": "00:09:52", "end": "00:09:57", "text": "leverage let's say and liquidity in"}, {"start": "00:09:55", "end": "00:09:59", "text": "leverage than has ever been before in"}, {"start": "00:09:57", "end": "00:10:02", "text": "previous cycles. And that is also one of"}, {"start": "00:09:59", "end": "00:10:05", "text": "the big things. So overall, why are we"}, {"start": "00:10:02", "end": "00:10:08", "text": "being held back? Okay, we still have"}, {"start": "00:10:05", "end": "00:10:12", "text": "unfinished business with the Middle East"}, {"start": "00:10:08", "end": "00:10:15", "text": "and and obviously some macro conditions,"}, {"start": "00:10:12", "end": "00:10:18", "text": "but also AI is eating everyone's lunch"}, {"start": "00:10:15", "end": "00:10:21", "text": "right now. There's no doubt about it."}, {"start": "00:10:18", "end": "00:10:25", "text": "And we're still waiting for the good"}, {"start": "00:10:21", "end": "00:10:28", "text": "news like Clarity Bill and"}, {"start": "00:10:25", "end": "00:10:32", "text": "and uh the Bitcoin reserve announcement"}, {"start": "00:10:28", "end": "00:10:35", "text": "and plus we have leverage that's holding"}, {"start": "00:10:32", "end": "00:10:40", "text": "us back, right? So that's it. That is"}, {"start": "00:10:35", "end": "00:10:42", "text": "the sum. But I feel like things will"}, {"start": "00:10:40", "end": "00:10:45", "text": "change. The AI"}, {"start": "00:10:42", "end": "00:10:49", "text": "frostiness, this will come to an end."}, {"start": "00:10:45", "end": "00:10:51", "text": "Not to say that AI companies will stop."}, {"start": "00:10:49", "end": "00:10:54", "text": "No, they will keep going and they will"}, {"start": "00:10:51", "end": "00:10:57", "text": "get bigger and stronger. But the way the"}, {"start": "00:10:54", "end": "00:11:00", "text": "money is flowing in, the way the bubble"}, {"start": "00:10:57", "end": "00:11:03", "text": "is forming is just like what happened"}, {"start": "00:11:00", "end": "00:11:06", "text": "with gold and silver last year. And you"}, {"start": "00:11:03", "end": "00:11:10", "text": "got to be very careful about that, okay?"}, {"start": "00:11:06", "end": "00:11:12", "text": "Because when this happens, and it is"}, {"start": "00:11:10", "end": "00:11:15", "text": "happening right now with AI, this tends"}, {"start": "00:11:12", "end": "00:11:19", "text": "to happen next. So, I do think that"}, {"start": "00:11:15", "end": "00:11:22", "text": "could come soon. And also, the other"}, {"start": "00:11:19", "end": "00:11:26", "text": "things that we're waiting for, they will"}, {"start": "00:11:22", "end": "00:11:30", "text": "end soon enough, right? So, right now"}, {"start": "00:11:26", "end": "00:11:33", "text": "it's I know a lot of people are just"}, {"start": "00:11:30", "end": "00:11:37", "text": "sick of hearing it, but for me,"}, {"start": "00:11:33", "end": "00:11:40", "text": "I think holding on, okay, to your"}, {"start": "00:11:37", "end": "00:11:42", "text": "crypto,"}, {"start": "00:11:40", "end": "00:11:45", "text": "holding on to Bitcoin, holding on to"}, {"start": "00:11:42", "end": "00:11:50", "text": "your alts, even though it seems boring,"}, {"start": "00:11:45", "end": "00:11:53", "text": "it could even seem uh"}, {"start": "00:11:50", "end": "00:11:56", "text": "silly or a bad idea, right? But I do"}, {"start": "00:11:53", "end": "00:11:59", "text": "think they will come back. Not"}, {"start": "00:11:56", "end": "00:12:02", "text": "everything will come back, but the good"}, {"start": "00:11:59", "end": "00:12:05", "text": "ones will come back. And you know, guys"}, {"start": "00:12:02", "end": "00:12:07", "text": "like Hype and some of the security"}, {"start": "00:12:05", "end": "00:12:09", "text": "coins, not security coins, privacy coins"}, {"start": "00:12:07", "end": "00:12:12", "text": "and some of the AI coins, they actually"}, {"start": "00:12:09", "end": "00:12:14", "text": "have been doing well. Like Hype is up"}, {"start": "00:12:12", "end": "00:12:16", "text": "112%."}, {"start": "00:12:14", "end": "00:12:19", "text": "Right? It shows you that utility still"}, {"start": "00:12:16", "end": "00:12:21", "text": "matters, narrative still matters because"}, {"start": "00:12:19", "end": "00:12:24", "text": "a lot of the AI coins have gone up,"}, {"start": "00:12:21", "end": "00:12:28", "text": "right? So these things matter."}, {"start": "00:12:24", "end": "00:12:31", "text": "So you got to stay in the game. It's not"}, {"start": "00:12:28", "end": "00:12:34", "text": "all lost."}, {"start": "00:12:31", "end": "00:12:36", "text": "You just have to be patient. So for me,"}, {"start": "00:12:34", "end": "00:12:38", "text": "that's what I'm going to do. I will"}, {"start": "00:12:36", "end": "00:12:40", "text": "continue to be patient with my crypto."}, {"start": "00:12:38", "end": "00:12:43", "text": "I'm going to continue to hold on DCA"}, {"start": "00:12:40", "end": "00:12:45", "text": "when I can and I'm going to continue to"}, {"start": "00:12:43", "end": "00:12:49", "text": "build"}, {"start": "00:12:45", "end": "00:12:51", "text": "upon Clash. So obviously Ask Clash is"}, {"start": "00:12:49", "end": "00:12:52", "text": "the biggest product that we have right"}, {"start": "00:12:51", "end": "00:12:55", "text": "now and everything I'm showing you is"}, {"start": "00:12:52", "end": "00:12:58", "text": "here. All these intelligence, all the"}, {"start": "00:12:55", "end": "00:13:00", "text": "tools, everything is all here for you"}, {"start": "00:12:58", "end": "00:13:04", "text": "guys to help you stay in the game to"}, {"start": "00:13:00", "end": "00:13:07", "text": "become more educated and better"}, {"start": "00:13:04", "end": "00:13:11", "text": "yourselves with. Right. So, I'm going to"}, {"start": "00:13:07", "end": "00:13:14", "text": "continue to build and push forward with"}, {"start": "00:13:11", "end": "00:13:17", "text": "Ask Clash, with Clash as a project, and"}, {"start": "00:13:14", "end": "00:13:21", "text": "with my crypto, and I hope you guys do,"}, {"start": "00:13:17", "end": "00:13:23", "text": "too. Okay? It's just one of those times"}, {"start": "00:13:21", "end": "00:13:26", "text": "you got to get through. Just like all"}, {"start": "00:13:23", "end": "00:13:30", "text": "previous crypto winters, we have seen it"}, {"start": "00:13:26", "end": "00:13:32", "text": "time and time and time again. But for a"}, {"start": "00:13:30", "end": "00:13:35", "text": "lot of you guys that are holding and"}, {"start": "00:13:32", "end": "00:13:37", "text": "waiting and trying to move forward, just"}, {"start": "00:13:35", "end": "00:13:39", "text": "know that"}, {"start": "00:13:37", "end": "00:13:41", "text": "you don't have to stick with one or the"}, {"start": "00:13:39", "end": "00:13:46", "text": "other, right? Even with your crypto"}, {"start": "00:13:41", "end": "00:13:48", "text": "bags, all the AI that is moving up, I"}, {"start": "00:13:46", "end": "00:13:50", "text": "think there's still opportunity there. I"}, {"start": "00:13:48", "end": "00:13:52", "text": "think this will still go up and continue"}, {"start": "00:13:50", "end": "00:13:55", "text": "forward and there will be a lot of FOMO,"}, {"start": "00:13:52", "end": "00:13:58", "text": "right? So, I'm going to diversify. I"}, {"start": "00:13:55", "end": "00:14:01", "text": "have been diversifying. So, I'm going to"}, {"start": "00:13:58", "end": "00:14:03", "text": "make sure that if I profit on this, I'm"}, {"start": "00:14:01", "end": "00:14:05", "text": "going to use that profit to put more"}, {"start": "00:14:03", "end": "00:14:09", "text": "into crypto and DCA along the way,"}, {"start": "00:14:05", "end": "00:14:11", "text": "right? So, that is what I'm going to do."}, {"start": "00:14:09", "end": "00:14:13", "text": "All right, guys. That's pretty much it."}, {"start": "00:14:11", "end": "00:14:17", "text": "Go Spurs, by the way. They knocked out"}, {"start": "00:14:13", "end": "00:14:19", "text": "OKC, which I'm very glad I'm very glad"}, {"start": "00:14:17", "end": "00:14:21", "text": "it happened. So glad to see them go to"}, {"start": "00:14:19", "end": "00:14:24", "text": "the finals versus the Knicks, which I"}, {"start": "00:14:21", "end": "00:14:26", "text": "think the Knicks are not going to have a"}, {"start": "00:14:24", "end": "00:14:29", "text": "chance. But anyways, that's it, guys."}, {"start": "00:14:26", "end": "00:14:31", "text": "Stay strong, stay focused. We'll see"}, {"start": "00:14:29", "end": "00:14:36", "text": "what the rest of the week brings. Oh, I"}, {"start": "00:14:31", "end": "00:14:39", "text": "forgot. Uh, as for what's coming up this"}, {"start": "00:14:36", "end": "00:14:41", "text": "week, there is a big jobs report coming"}, {"start": "00:14:39", "end": "00:14:44", "text": "up this Friday, which is very important."}, {"start": "00:14:41", "end": "00:14:46", "text": "Unemployment rate, will it go up or"}, {"start": "00:14:44", "end": "00:14:48", "text": "down? Actually, the forecast is"}, {"start": "00:14:46", "end": "00:14:50", "text": "unemployment is going to go down, which"}, {"start": "00:14:48", "end": "00:14:53", "text": "will actually help us a lot, right? And"}, {"start": "00:14:50", "end": "00:14:54", "text": "we'll see if that's true. That could"}, {"start": "00:14:53", "end": "00:14:56", "text": "definitely help us in a big way in terms"}, {"start": "00:14:54", "end": "00:14:58", "text": "of the macro environment."}, {"start": "00:14:56", "end": "00:15:00", "text": "All right, guys. Have a good one. And"}, {"start": "00:14:58", "end": "00:15:03", "text": "I'll see you guys tomorrow, the usual"}, {"start": "00:15:00", "end": "00:15:03", "text": "time. All right, take care."}]

[{"start": "00:00:02", "end": "00:00:07", "text": "Welcome back"}, {"start": "00:00:03", "end": "00:00:11", "text": "to Crypto's R Us. I'm George."}, {"start": "00:00:07", "end": "00:00:13", "text": "We're all George. Happy Friday."}, {"start": "00:00:11", "end": "00:00:17", "text": "Man, I can't believe this month"}, {"start": "00:00:13", "end": "00:00:19", "text": "is almost over. 2 days, 3 days counting"}, {"start": "00:00:17", "end": "00:00:21", "text": "today."}, {"start": "00:00:19", "end": "00:00:23", "text": "But welcome to another market open"}, {"start": "00:00:21", "end": "00:00:26", "text": "stream. Let's talk about what's going on"}, {"start": "00:00:23", "end": "00:00:28", "text": "with markets today. What's going on"}, {"start": "00:00:26", "end": "00:00:31", "text": "with the Middle East, what's going on"}, {"start": "00:00:28", "end": "00:00:33", "text": "with the US, what's going on with"}, {"start": "00:00:31", "end": "00:00:35", "text": "markets, what's going on with Bitcoin"}, {"start": "00:00:33", "end": "00:00:37", "text": "and crypto."}, {"start": "00:00:35", "end": "00:00:40", "text": "The next move"}, {"start": "00:00:37", "end": "00:00:42", "text": "is massive, so let's talk about it."}, {"start": "00:00:40", "end": "00:00:44", "text": "And since it's Friday, let's talk about"}, {"start": "00:00:42", "end": "00:00:45", "text": "everything else that's going on. All"}, {"start": "00:00:44", "end": "00:00:50", "text": "right?"}, {"start": "00:00:45", "end": "00:00:51", "text": "Let's do it. Welcome, welcome, welcome."}, {"start": "00:00:50", "end": "00:00:53", "text": "We are unfortunately starting out the"}, {"start": "00:00:51", "end": "00:00:56", "text": "day right around 73,000, which is"}, {"start": "00:00:53", "end": "00:00:59", "text": "roughly where we were yesterday, but"}, {"start": "00:00:56", "end": "00:01:01", "text": "things could definitely be better. Right"}, {"start": "00:00:59", "end": "00:01:03", "text": "now, we're just kind of"}, {"start": "00:01:01", "end": "00:01:06", "text": "holding. Not only that, we're slightly"}, {"start": "00:01:03", "end": "00:01:09", "text": "trending down, but we're pretty much the"}, {"start": "00:01:06", "end": "00:01:09", "text": "same level as"}, {"start": "00:01:09", "end": "00:01:13", "text": "uh"}, {"start": "00:01:09", "end": "00:01:15", "text": "as back in, you know, March,"}, {"start": "00:01:13", "end": "00:01:19", "text": "February time frame. We made a little"}, {"start": "00:01:15", "end": "00:01:21", "text": "move over here around 82-ish,"}, {"start": "00:01:19", "end": "00:01:24", "text": "a little bit above, but we have since"}, {"start": "00:01:21", "end": "00:01:26", "text": "then come down, and we're hovering right"}, {"start": "00:01:24", "end": "00:01:29", "text": "around here."}, {"start": "00:01:26", "end": "00:01:31", "text": "So, what is going to drive us higher"}, {"start": "00:01:29", "end": "00:01:35", "text": "though? Okay?"}, {"start": "00:01:31", "end": "00:01:37", "text": "That's the key. Well, let's look."}, {"start": "00:01:35", "end": "00:01:40", "text": "Right now, the US market is opening up"}, {"start": "00:01:37", "end": "00:01:43", "text": "in the green and has been pretty green"}, {"start": "00:01:40", "end": "00:01:44", "text": "overall, and that's because"}, {"start": "00:01:43", "end": "00:01:48", "text": "again,"}, {"start": "00:01:44", "end": "00:01:49", "text": "we're getting a lot of optimism"}, {"start": "00:01:48", "end": "00:01:53", "text": "and"}, {"start": "00:01:49", "end": "00:01:55", "text": "and hope that this war is coming to an"}, {"start": "00:01:53", "end": "00:01:57", "text": "end soon. So, there's supposed to be"}, {"start": "00:01:55", "end": "00:01:57", "text": "another"}, {"start": "00:01:57", "end": "00:02:00", "text": "60-day [snorts]"}, {"start": "00:01:57", "end": "00:02:03", "text": "ceasefire"}, {"start": "00:02:00", "end": "00:02:05", "text": "uh agreement that"}, {"start": "00:02:03", "end": "00:02:08", "text": "that both sides agreed to, and it's just"}, {"start": "00:02:05", "end": "00:02:09", "text": "a matter of Trump wants to sign it. Now,"}, {"start": "00:02:08", "end": "00:02:11", "text": "of course, this doesn't end the war,"}, {"start": "00:02:09", "end": "00:02:13", "text": "but, you know, it does help things a"}, {"start": "00:02:11", "end": "00:02:16", "text": "lot, and the Strait of Hormuz is ready"}, {"start": "00:02:13", "end": "00:02:19", "text": "open, so oil should be going back to"}, {"start": "00:02:16", "end": "00:02:21", "text": "previous levels, and things should be"}, {"start": "00:02:19", "end": "00:02:21", "text": "going back"}, {"start": "00:02:22", "end": "00:02:26", "text": "to the way it was."}, {"start": "00:02:24", "end": "00:02:28", "text": "So, this is one of the reasons why you"}, {"start": "00:02:26", "end": "00:02:29", "text": "markets are starting to climb higher"}, {"start": "00:02:28", "end": "00:02:32", "text": "because they're expecting this to be"}, {"start": "00:02:29", "end": "00:02:34", "text": "over sooner than later, but this is"}, {"start": "00:02:32", "end": "00:02:40", "text": "still something that's ongoing and kind"}, {"start": "00:02:34", "end": "00:02:41", "text": "of holding everything back right now."}, {"start": "00:02:40", "end": "00:02:44", "text": "So, one of those things we just got to"}, {"start": "00:02:41", "end": "00:02:47", "text": "wait for, and hopefully with the"}, {"start": "00:02:44", "end": "00:02:49", "text": "ceasefire, right, at least it kind of"}, {"start": "00:02:47", "end": "00:02:51", "text": "clears and paves the way. It's one of"}, {"start": "00:02:49", "end": "00:02:54", "text": "the biggest things that's just holding"}, {"start": "00:02:51", "end": "00:02:56", "text": "crypto back and"}, {"start": "00:02:54", "end": "00:02:58", "text": "a lot of other things back, so we'll"}, {"start": "00:02:56", "end": "00:03:01", "text": "see."}, {"start": "00:02:58", "end": "00:03:03", "text": "We will see. Now, this"}, {"start": "00:03:01", "end": "00:03:05", "text": "is neither good or bad, but this will"}, {"start": "00:03:03", "end": "00:03:10", "text": "officially"}, {"start": "00:03:05", "end": "00:03:14", "text": "stop those nasty CME drops or CME gaps"}, {"start": "00:03:10", "end": "00:03:16", "text": "that could lead to the nasty drops."}, {"start": "00:03:14", "end": "00:03:17", "text": "So, CME Group officially launches the"}, {"start": "00:03:16", "end": "00:03:20", "text": "24/7"}, {"start": "00:03:17", "end": "00:03:23", "text": "futures trading today."}, {"start": "00:03:20", "end": "00:03:25", "text": "Okay, starting at 4:00 p.m.,"}, {"start": "00:03:23", "end": "00:03:26", "text": "which is market close after market"}, {"start": "00:03:25", "end": "00:03:29", "text": "close,"}, {"start": "00:03:26", "end": "00:03:33", "text": "institutional desk can trade Bitcoin,"}, {"start": "00:03:29", "end": "00:03:35", "text": "ETH, SOL, XRP, ADA, LINK, XLM, AVAX, SUI"}, {"start": "00:03:33", "end": "00:03:38", "text": "around the clock."}, {"start": "00:03:35", "end": "00:03:42", "text": "So, you know those nasty CME gaps that"}, {"start": "00:03:38", "end": "00:03:44", "text": "we formed because of the weekends,"}, {"start": "00:03:42", "end": "00:03:47", "text": "theoretically, there's no more."}, {"start": "00:03:44", "end": "00:03:52", "text": "Their their basic copy out crypto is So,"}, {"start": "00:03:47", "end": "00:03:53", "text": "not only can you trade futures 24/7,"}, {"start": "00:03:52", "end": "00:03:56", "text": "but of course, you could trade these"}, {"start": "00:03:53", "end": "00:03:59", "text": "underlying uh crypto 24/7. But yeah, now"}, {"start": "00:03:56", "end": "00:04:02", "text": "you could do futures, too. So, this"}, {"start": "00:03:59", "end": "00:04:06", "text": "could help because whatever we make"}, {"start": "00:04:02", "end": "00:04:09", "text": "those huge gaps over the weekend,"}, {"start": "00:04:06", "end": "00:04:10", "text": "we always tend to fill them somehow, one"}, {"start": "00:04:09", "end": "00:04:13", "text": "way or another in the future, even"}, {"start": "00:04:10", "end": "00:04:17", "text": "though the gap is way, way, way off,"}, {"start": "00:04:13", "end": "00:04:20", "text": "we somehow just still"}, {"start": "00:04:17", "end": "00:04:25", "text": "fill them, right? So, this is"}, {"start": "00:04:20", "end": "00:04:27", "text": "finally going away, I believe, which is"}, {"start": "00:04:25", "end": "00:04:30", "text": "which is good. Which is good. And we'll"}, {"start": "00:04:27", "end": "00:04:31", "text": "see what institutions do with their"}, {"start": "00:04:30", "end": "00:04:33", "text": "futures"}, {"start": "00:04:31", "end": "00:04:36", "text": "over the weekend"}, {"start": "00:04:33", "end": "00:04:37", "text": "and how that affects"}, {"start": "00:04:36", "end": "00:04:39", "text": "crypto"}, {"start": "00:04:37", "end": "00:04:40", "text": "going forward. It'll be quite"}, {"start": "00:04:39", "end": "00:04:43", "text": "interesting."}, {"start": "00:04:40", "end": "00:04:46", "text": "It will be quite interesting."}, {"start": "00:04:43", "end": "00:04:49", "text": "All right. Outside of this, uh"}, {"start": "00:04:46", "end": "00:04:51", "text": "I did see Anthropic"}, {"start": "00:04:49", "end": "00:04:53", "text": "some news. They released their new model"}, {"start": "00:04:51", "end": "00:04:57", "text": "Opus 4.8, which I started testing"}, {"start": "00:04:53", "end": "00:05:00", "text": "already. But today"}, {"start": "00:04:57", "end": "00:05:03", "text": "they announced that they got a huge"}, {"start": "00:05:00", "end": "00:05:08", "text": "funding"}, {"start": "00:05:03", "end": "00:05:11", "text": "round closed, and now they are worth"}, {"start": "00:05:08", "end": "00:05:15", "text": "What is it? 965"}, {"start": "00:05:11", "end": "00:05:18", "text": "billion. They raised 65 billion."}, {"start": "00:05:15", "end": "00:05:20", "text": "So, now they're close to a trillion"}, {"start": "00:05:18", "end": "00:05:23", "text": "evaluation. Actually, that's higher than"}, {"start": "00:05:20", "end": "00:05:24", "text": "Open AI, although Open AI probably be"}, {"start": "00:05:23", "end": "00:05:28", "text": "higher when they go IPO."}, {"start": "00:05:24", "end": "00:05:33", "text": "But it is insane. Absolutely insane."}, {"start": "00:05:28", "end": "00:05:35", "text": "They went 15X within 1 year from last"}, {"start": "00:05:33", "end": "00:05:38", "text": "year's evaluation."}, {"start": "00:05:35", "end": "00:05:40", "text": "I think it was about"}, {"start": "00:05:38", "end": "00:05:44", "text": "65 billion"}, {"start": "00:05:40", "end": "00:05:47", "text": "to now, they have gone up 15X."}, {"start": "00:05:44", "end": "00:05:50", "text": "And one of the reasons for this is"}, {"start": "00:05:47", "end": "00:05:53", "text": "Anthropic was very smart and they came"}, {"start": "00:05:50", "end": "00:05:56", "text": "out with Claude code which allowed them"}, {"start": "00:05:53", "end": "00:05:58", "text": "and everyone else to start vibe coding."}, {"start": "00:05:56", "end": "00:06:00", "text": "And that brought in billions upon"}, {"start": "00:05:58", "end": "00:06:03", "text": "billions and really"}, {"start": "00:06:00", "end": "00:06:05", "text": "made them catch up. And this is one of"}, {"start": "00:06:03", "end": "00:06:08", "text": "the reasons why they're making so much"}, {"start": "00:06:05", "end": "00:06:12", "text": "money is because enterprises are"}, {"start": "00:06:08", "end": "00:06:15", "text": "spending like crazy. They don't mention"}, {"start": "00:06:12", "end": "00:06:18", "text": "who it is, but one enterprise client"}, {"start": "00:06:15", "end": "00:06:19", "text": "actually burned through 500 million"}, {"start": "00:06:18", "end": "00:06:25", "text": "dollars"}, {"start": "00:06:19", "end": "00:06:27", "text": "worth of tokens in one single month."}, {"start": "00:06:25", "end": "00:06:29", "text": "And I mean, it's written accidentally,"}, {"start": "00:06:27", "end": "00:06:31", "text": "but it's not. It's not like they just"}, {"start": "00:06:29", "end": "00:06:33", "text": "like left something open and just ran."}, {"start": "00:06:31", "end": "00:06:38", "text": "No, it's because all of their developers"}, {"start": "00:06:33", "end": "00:06:41", "text": "were using Claude code non-stop 24/7"}, {"start": "00:06:38", "end": "00:06:45", "text": "running projects and this is why"}, {"start": "00:06:41", "end": "00:06:47", "text": "Anthropic is worth so damn much because"}, {"start": "00:06:45", "end": "00:06:49", "text": "everyone continues to use Claude code"}, {"start": "00:06:47", "end": "00:06:51", "text": "although they made some pricing changes"}, {"start": "00:06:49", "end": "00:06:54", "text": "and they're trying to stop that."}, {"start": "00:06:51", "end": "00:06:55", "text": "Uh not make it as free as before."}, {"start": "00:06:54", "end": "00:06:58", "text": "Um"}, {"start": "00:06:55", "end": "00:07:01", "text": "but man, it's just crazy. Absolutely"}, {"start": "00:06:58", "end": "00:07:02", "text": "insanity."}, {"start": "00:07:01", "end": "00:07:04", "text": "And"}, {"start": "00:07:02", "end": "00:07:07", "text": "one of the reasons why I would say a lot"}, {"start": "00:07:04", "end": "00:07:11", "text": "of the money is being shifted uh into AI"}, {"start": "00:07:07", "end": "00:07:12", "text": "because of again growth and and adoption"}, {"start": "00:07:11", "end": "00:07:14", "text": "and everything else that's happening"}, {"start": "00:07:12", "end": "00:07:17", "text": "right now, but"}, {"start": "00:07:14", "end": "00:07:20", "text": "crazy. And then SpaceX and both Yeah,"}, {"start": "00:07:17", "end": "00:07:23", "text": "both SpaceX and Open AI, they're both"}, {"start": "00:07:20", "end": "00:07:25", "text": "going to be IPOing soon. SpaceX is"}, {"start": "00:07:23", "end": "00:07:27", "text": "coming up"}, {"start": "00:07:25", "end": "00:07:29", "text": "I think next month. And I don't know"}, {"start": "00:07:27", "end": "00:07:31", "text": "when Open AI's IPO will be, but they're"}, {"start": "00:07:29", "end": "00:07:33", "text": "both going to be multi-trillion-dollar"}, {"start": "00:07:31", "end": "00:07:35", "text": "companies."}, {"start": "00:07:33", "end": "00:07:37", "text": "And they only been out Well, SpaceX been"}, {"start": "00:07:35", "end": "00:07:38", "text": "out a lot longer and they're not really"}, {"start": "00:07:37", "end": "00:07:40", "text": "in AI, but they"}, {"start": "00:07:38", "end": "00:07:43", "text": "they are now, but Open AI's only been"}, {"start": "00:07:40", "end": "00:07:45", "text": "around for like 3 years."}, {"start": "00:07:43", "end": "00:07:48", "text": "3 or 4 years and it's"}, {"start": "00:07:45", "end": "00:07:51", "text": "going to be multi-trillion already. It's"}, {"start": "00:07:48", "end": "00:07:56", "text": "insane. Insane."}, {"start": "00:07:51", "end": "00:07:59", "text": "All right. Now, moving back to crypto."}, {"start": "00:07:56", "end": "00:08:01", "text": "Unfortunately, we're starting we're not"}, {"start": "00:07:59", "end": "00:08:02", "text": "starting we're still continuing to see"}, {"start": "00:08:01", "end": "00:08:04", "text": "outflows."}, {"start": "00:08:02", "end": "00:08:07", "text": "So, you can see right here uh we had a"}, {"start": "00:08:04", "end": "00:08:09", "text": "pretty solid week of outflow. Yesterday"}, {"start": "00:08:07", "end": "00:08:11", "text": "was 229"}, {"start": "00:08:09", "end": "00:08:15", "text": "million from Bitcoin"}, {"start": "00:08:11", "end": "00:08:18", "text": "and uh 121 million from ETH."}, {"start": "00:08:15", "end": "00:08:20", "text": "So, this has been ongoing for a little"}, {"start": "00:08:18", "end": "00:08:22", "text": "bit."}, {"start": "00:08:20", "end": "00:08:24", "text": "And I obviously it's not a good thing"}, {"start": "00:08:22", "end": "00:08:28", "text": "when you have a lot of outflow. And same"}, {"start": "00:08:24", "end": "00:08:30", "text": "deal with liquidity, 1-day change 817"}, {"start": "00:08:28", "end": "00:08:35", "text": "million. And I covered this the day"}, {"start": "00:08:30", "end": "00:08:39", "text": "before was over a billion. So, last"}, {"start": "00:08:35", "end": "00:08:43", "text": "7-day change 1.75 billion."}, {"start": "00:08:39", "end": "00:08:45", "text": "So, right now it's definitely tough."}, {"start": "00:08:43", "end": "00:08:47", "text": "The price is down. We got a lot of"}, {"start": "00:08:45", "end": "00:08:50", "text": "liquidations."}, {"start": "00:08:47", "end": "00:08:54", "text": "We do have outflows at this point. There"}, {"start": "00:08:50", "end": "00:08:58", "text": "are a lot of fearful people."}, {"start": "00:08:54", "end": "00:09:03", "text": "They're diverting away from crypto,"}, {"start": "00:08:58", "end": "00:09:03", "text": "right? And I can see how right now"}, {"start": "00:09:03", "end": "00:09:08", "text": "it is a little scary, a little fuddish."}, {"start": "00:09:06", "end": "00:09:11", "text": "I can see why a lot of people are"}, {"start": "00:09:08", "end": "00:09:14", "text": "anxious, wondering if we're ever going"}, {"start": "00:09:11", "end": "00:09:16", "text": "to come back when"}, {"start": "00:09:14", "end": "00:09:17", "text": "it seems like things are not going our"}, {"start": "00:09:16", "end": "00:09:19", "text": "way."}, {"start": "00:09:17", "end": "00:09:21", "text": "Right? That was the point of my video"}, {"start": "00:09:19", "end": "00:09:22", "text": "yesterday last night."}, {"start": "00:09:21", "end": "00:09:25", "text": "This is one of those times"}, {"start": "00:09:22", "end": "00:09:28", "text": "where we're being tested."}, {"start": "00:09:25", "end": "00:09:29", "text": "Right? We're weeding out"}, {"start": "00:09:28", "end": "00:09:33", "text": "the lettuce hands, the weak hands from"}, {"start": "00:09:29", "end": "00:09:35", "text": "the strong ones. The ones that have been"}, {"start": "00:09:33", "end": "00:09:36", "text": "holding and DCAing for a long time and"}, {"start": "00:09:35", "end": "00:09:40", "text": "understands that this will pass. But"}, {"start": "00:09:36", "end": "00:09:41", "text": "like right now it is tough to bear. Even"}, {"start": "00:09:40", "end": "00:09:43", "text": "Mark Cuban"}, {"start": "00:09:41", "end": "00:09:45", "text": "sold out."}, {"start": "00:09:43", "end": "00:09:48", "text": "He said he sold his Bitcoin. He created"}, {"start": "00:09:45", "end": "00:09:50", "text": "a video like a few years ago saying that"}, {"start": "00:09:48", "end": "00:09:52", "text": "everyone should diversify and put some"}, {"start": "00:09:50", "end": "00:09:55", "text": "Bitcoin in their portfolio."}, {"start": "00:09:52", "end": "00:09:57", "text": "Right? Now he's like, \"I sold all my"}, {"start": "00:09:55", "end": "00:09:59", "text": "Bitcoin because I don't believe in it"}, {"start": "00:09:57", "end": "00:10:04", "text": "anymore.\" So it's like again, there are"}, {"start": "00:09:59", "end": "00:10:07", "text": "a lot of people that are flip-flopping."}, {"start": "00:10:04", "end": "00:10:07", "text": "But if you understand"}, {"start": "00:10:08", "end": "00:10:13", "text": "how crypto works, this is normal. During"}, {"start": "00:10:11", "end": "00:10:15", "text": "crypto winters, that's what you see."}, {"start": "00:10:13", "end": "00:10:16", "text": "Right? There's a lot of fear, a lot of"}, {"start": "00:10:15", "end": "00:10:19", "text": "fud, there's a lot of selling, there's a"}, {"start": "00:10:16", "end": "00:10:23", "text": "lot of liquidity flowing out, but it"}, {"start": "00:10:19", "end": "00:10:26", "text": "happens every single time. And when"}, {"start": "00:10:23", "end": "00:10:31", "text": "there's crypto winter, you got a lot of"}, {"start": "00:10:26", "end": "00:10:35", "text": "scary headlines. Headlines around"}, {"start": "00:10:31", "end": "00:10:35", "text": "that that's meant to scare."}, {"start": "00:10:35", "end": "00:10:40", "text": "Right?"}, {"start": "00:10:35", "end": "00:10:40", "text": "For example, I saw one today."}, {"start": "00:10:40", "end": "00:10:45", "text": "This."}, {"start": "00:10:42", "end": "00:10:48", "text": "This is mostly through through one"}, {"start": "00:10:45", "end": "00:10:50", "text": "one account. Lookonchain I think they"}, {"start": "00:10:48", "end": "00:10:52", "text": "were the ones that spread this."}, {"start": "00:10:50", "end": "00:10:55", "text": "Uh Strategy moves 30 million Bitcoin to"}, {"start": "00:10:52", "end": "00:10:55", "text": "Coinbase"}, {"start": "00:10:55", "end": "00:11:02", "text": "amid sell speculation. Right? So this is"}, {"start": "00:10:59", "end": "00:11:02", "text": "from Lookonchain."}, {"start": "00:11:05", "end": "00:11:11", "text": "Is Saylor about to sell? They deposited"}, {"start": "00:11:09", "end": "00:11:14", "text": "30 million into Coinbase Prime."}, {"start": "00:11:11", "end": "00:11:16", "text": "I'm probably marking the odds"}, {"start": "00:11:14", "end": "00:11:18", "text": "of Microsoft selling MicroStrategy"}, {"start": "00:11:16", "end": "00:11:21", "text": "selling before December 31st at reach"}, {"start": "00:11:18", "end": "00:11:24", "text": "84%. Right? There's no indication that"}, {"start": "00:11:21", "end": "00:11:28", "text": "that is a sell."}, {"start": "00:11:24", "end": "00:11:29", "text": "Coinbase does custody."}, {"start": "00:11:28", "end": "00:11:35", "text": "Okay?"}, {"start": "00:11:29", "end": "00:11:35", "text": "And does custody Bitcoin for Strategy."}, {"start": "00:11:35", "end": "00:11:41", "text": "So, there's no indication that he is"}, {"start": "00:11:38", "end": "00:11:43", "text": "selling. It would be very very odd for"}, {"start": "00:11:41", "end": "00:11:44", "text": "him to start selling small amounts now,"}, {"start": "00:11:43", "end": "00:11:46", "text": "especially"}, {"start": "00:11:44", "end": "00:11:48", "text": "considering he's still buying crazy"}, {"start": "00:11:46", "end": "00:11:50", "text": "amounts almost every single week. It"}, {"start": "00:11:48", "end": "00:11:53", "text": "makes no sense. But, you know, again, to"}, {"start": "00:11:50", "end": "00:11:54", "text": "my point, in crypto winter, when things"}, {"start": "00:11:53", "end": "00:11:56", "text": "are down,"}, {"start": "00:11:54", "end": "00:11:59", "text": "you got a lot of people spreading fud,"}, {"start": "00:11:56", "end": "00:12:02", "text": "creating fud, trying to I don't know,"}, {"start": "00:11:59", "end": "00:12:03", "text": "drive the clicks still or views."}, {"start": "00:12:02", "end": "00:12:06", "text": "Right?"}, {"start": "00:12:03", "end": "00:12:08", "text": "And unfortunately, this happens all the"}, {"start": "00:12:06", "end": "00:12:09", "text": "time. And right now, we do have a lot of"}, {"start": "00:12:08", "end": "00:12:11", "text": "a lot of fud."}, {"start": "00:12:09", "end": "00:12:12", "text": "A lot of fud."}, {"start": "00:12:11", "end": "00:12:15", "text": "But,"}, {"start": "00:12:12", "end": "00:12:17", "text": "long-term investors,"}, {"start": "00:12:15", "end": "00:12:18", "text": "veterans,"}, {"start": "00:12:17", "end": "00:12:21", "text": "okay,"}, {"start": "00:12:18", "end": "00:12:24", "text": "will see this opportunity as"}, {"start": "00:12:21", "end": "00:12:27", "text": "a buying opportunity. Even Larry Fink"}, {"start": "00:12:24", "end": "00:12:29", "text": "of BlackRock. Markets will rise and"}, {"start": "00:12:27", "end": "00:12:32", "text": "fall. Bubbles come and go. The only"}, {"start": "00:12:29", "end": "00:12:34", "text": "thing that matters is staying invested"}, {"start": "00:12:32", "end": "00:12:37", "text": "through every cycle."}, {"start": "00:12:34", "end": "00:12:40", "text": "Again, long-term investors, long-term"}, {"start": "00:12:37", "end": "00:12:44", "text": "Bitcoiners will understand this."}, {"start": "00:12:40", "end": "00:12:47", "text": "Okay, we go through these all the time."}, {"start": "00:12:44", "end": "00:12:49", "text": "Up and downs, no matter what."}, {"start": "00:12:47", "end": "00:12:52", "text": "Even times where it seems like there's"}, {"start": "00:12:49", "end": "00:12:55", "text": "no hope of coming back."}, {"start": "00:12:52", "end": "00:12:58", "text": "But, Bitcoin always finds a way it does."}, {"start": "00:12:55", "end": "00:13:01", "text": "And these times, when it's scary, is"}, {"start": "00:12:58", "end": "00:13:04", "text": "when you want to hold"}, {"start": "00:13:01", "end": "00:13:09", "text": "and stay strong and DCA if you can."}, {"start": "00:13:04", "end": "00:13:10", "text": "That's really what it comes down to."}, {"start": "00:13:09", "end": "00:13:14", "text": "Right?"}, {"start": "00:13:10", "end": "00:13:17", "text": "You know big things are coming. They're"}, {"start": "00:13:14", "end": "00:13:18", "text": "in works right now."}, {"start": "00:13:17", "end": "00:13:21", "text": "And it's just a matter of having"}, {"start": "00:13:18", "end": "00:13:23", "text": "patience. For example,"}, {"start": "00:13:21", "end": "00:13:26", "text": "for example,"}, {"start": "00:13:23", "end": "00:13:30", "text": "we got some big announcement coming"}, {"start": "00:13:26", "end": "00:13:32", "text": "about the strategic Bitcoin reserve."}, {"start": "00:13:30", "end": "00:13:34", "text": "You know this could be monumental, could"}, {"start": "00:13:32", "end": "00:13:36", "text": "be a huge catalyst. We already have a"}, {"start": "00:13:34", "end": "00:13:42", "text": "Bitcoin reserve, but it's been rumored"}, {"start": "00:13:36", "end": "00:13:42", "text": "that we will get some kind of additional"}, {"start": "00:13:42", "end": "00:13:48", "text": "info in regards to adding to that."}, {"start": "00:13:46", "end": "00:13:50", "text": "And even"}, {"start": "00:13:48", "end": "00:13:52", "text": "the White House is saying that. And this"}, {"start": "00:13:50", "end": "00:13:55", "text": "is, I think, all aligned with the"}, {"start": "00:13:52", "end": "00:13:58", "text": "Clarity Act being passed. Right? Just"}, {"start": "00:13:55", "end": "00:14:02", "text": "one announcement"}, {"start": "00:13:58", "end": "00:14:06", "text": "can change the tone and all of a sudden"}, {"start": "00:14:02", "end": "00:14:07", "text": "reverse momentum right back, right? So,"}, {"start": "00:14:06", "end": "00:14:09", "text": "these are the reasons why you want to"}, {"start": "00:14:07", "end": "00:14:11", "text": "stay in the game."}, {"start": "00:14:09", "end": "00:14:15", "text": "Who knows what they're going to say?"}, {"start": "00:14:11", "end": "00:14:15", "text": "Maybe the US will start selling bonds"}, {"start": "00:14:15", "end": "00:14:19", "text": "and use those"}, {"start": "00:14:17", "end": "00:14:20", "text": "to buy Bitcoin."}, {"start": "00:14:19", "end": "00:14:21", "text": "Bitcoin bonds. Other countries have"}, {"start": "00:14:20", "end": "00:14:23", "text": "started it, maybe we're going to do the"}, {"start": "00:14:21", "end": "00:14:27", "text": "same thing. Or maybe there's other"}, {"start": "00:14:23", "end": "00:14:29", "text": "things that will happen. I don't know."}, {"start": "00:14:27", "end": "00:14:32", "text": "Maybe part of the tariffs, the new"}, {"start": "00:14:29", "end": "00:14:35", "text": "tariffs, will go to buying Bitcoin."}, {"start": "00:14:32", "end": "00:14:37", "text": "We don't know. We just I can speculate,"}, {"start": "00:14:35", "end": "00:14:38", "text": "but we just don't know. But they've been"}, {"start": "00:14:37", "end": "00:14:40", "text": "hyping this up for a while. I don't"}, {"start": "00:14:38", "end": "00:14:42", "text": "think it's just going to be a blanket,"}, {"start": "00:14:40", "end": "00:14:45", "text": "like a like a really"}, {"start": "00:14:42", "end": "00:14:46", "text": "lame announcement. They've been hyping"}, {"start": "00:14:45", "end": "00:14:48", "text": "this up. I think they're working on"}, {"start": "00:14:46", "end": "00:14:50", "text": "something, and I think it's all aligned"}, {"start": "00:14:48", "end": "00:14:53", "text": "with the Clarity Act passing, which it"}, {"start": "00:14:50", "end": "00:14:53", "text": "will pass."}, {"start": "00:14:53", "end": "00:14:56", "text": "So,"}, {"start": "00:14:54", "end": "00:14:59", "text": "that could make the next move massive,"}, {"start": "00:14:56", "end": "00:15:01", "text": "right? And again, the fundamentals"}, {"start": "00:14:59", "end": "00:15:04", "text": "haven't really shifted. Maybe if Wall"}, {"start": "00:15:01", "end": "00:15:09", "text": "Street have, and they're towards more"}, {"start": "00:15:04", "end": "00:15:10", "text": "AI, but you still have a lot of people,"}, {"start": "00:15:09", "end": "00:15:12", "text": "even states,"}, {"start": "00:15:10", "end": "00:15:18", "text": "that are loading up on Bitcoin. They're"}, {"start": "00:15:12", "end": "00:15:18", "text": "shifting from ETFs to direct Bitcoin."}, {"start": "00:15:18", "end": "00:15:23", "text": "Right? So,"}, {"start": "00:15:20", "end": "00:15:25", "text": "nothing fundamentally"}, {"start": "00:15:23", "end": "00:15:27", "text": "has changed. In fact, fundamentally"}, {"start": "00:15:25", "end": "00:15:30", "text": "things have gotten better. Regulatory"}, {"start": "00:15:27", "end": "00:15:32", "text": "clarity is a huge one. Institutional"}, {"start": "00:15:30", "end": "00:15:34", "text": "adoption is a huge one."}, {"start": "00:15:32", "end": "00:15:37", "text": "Right?"}, {"start": "00:15:34", "end": "00:15:38", "text": "And long-term holders haven't left."}, {"start": "00:15:37", "end": "00:15:39", "text": "So,"}, {"start": "00:15:38", "end": "00:15:42", "text": "it's one of those times you just got to"}, {"start": "00:15:39", "end": "00:15:44", "text": "get through it. It's boring."}, {"start": "00:15:42", "end": "00:15:45", "text": "It may be scary, but you got to get"}, {"start": "00:15:44", "end": "00:15:48", "text": "through it."}, {"start": "00:15:45", "end": "00:15:51", "text": "And you got other bulls now, too."}, {"start": "00:15:48", "end": "00:15:54", "text": "Like, obviously, Bitmain, and they they"}, {"start": "00:15:51", "end": "00:15:55", "text": "purchased massively yesterday, 111,000"}, {"start": "00:15:54", "end": "00:15:58", "text": "ETH. But, it's not just them, there's"}, {"start": "00:15:55", "end": "00:16:00", "text": "others, like Bit Digital. I've never"}, {"start": "00:15:58", "end": "00:16:03", "text": "even heard of them. Uh they just bought"}, {"start": "00:16:00", "end": "00:16:05", "text": "another 9,000 ETH for 20 million."}, {"start": "00:16:03", "end": "00:16:07", "text": "Right? And they hold 158,000 ETH. So,"}, {"start": "00:16:05", "end": "00:16:09", "text": "there are still a lot of companies out"}, {"start": "00:16:07", "end": "00:16:12", "text": "there that not giving up these treasury"}, {"start": "00:16:09", "end": "00:16:16", "text": "companies Bitcoin and ETH that continue"}, {"start": "00:16:12", "end": "00:16:16", "text": "to load up."}, {"start": "00:16:16", "end": "00:16:19", "text": "You don't want to be wishy-washy. You"}, {"start": "00:16:18", "end": "00:16:21", "text": "don't want to be"}, {"start": "00:16:19", "end": "00:16:23", "text": "in and out, in and out. Normally"}, {"start": "00:16:21", "end": "00:16:25", "text": "speaking, you're not going to do well"}, {"start": "00:16:23", "end": "00:16:28", "text": "that way."}, {"start": "00:16:25", "end": "00:16:30", "text": "All right. Outside of these, what else?"}, {"start": "00:16:28", "end": "00:16:32", "text": "Uh a lot of people have"}, {"start": "00:16:30", "end": "00:16:34", "text": "found out or paid attention that"}, {"start": "00:16:32", "end": "00:16:37", "text": "Hyperliquid"}, {"start": "00:16:34", "end": "00:16:41", "text": "is on fire right now."}, {"start": "00:16:37", "end": "00:16:43", "text": "There's many reasons why for this."}, {"start": "00:16:41", "end": "00:16:47", "text": "Well, Hyperliquid is the the the biggest"}, {"start": "00:16:43", "end": "00:16:49", "text": "perpetual futures DEX out there."}, {"start": "00:16:47", "end": "00:16:50", "text": "A lot of people use them to trade."}, {"start": "00:16:49", "end": "00:16:52", "text": "Unfortunately, a lot of people get"}, {"start": "00:16:50", "end": "00:16:54", "text": "liquidated, too."}, {"start": "00:16:52", "end": "00:16:56", "text": "So, regardless, they're making money,"}, {"start": "00:16:54", "end": "00:16:58", "text": "but they're using that the fees that"}, {"start": "00:16:56", "end": "00:17:00", "text": "they collect, which is enormous,"}, {"start": "00:16:58", "end": "00:17:03", "text": "and they're using to buy hype with it."}, {"start": "00:17:00", "end": "00:17:05", "text": "That's why they're going up. But, now I"}, {"start": "00:17:03", "end": "00:17:07", "text": "saw this."}, {"start": "00:17:05", "end": "00:17:08", "text": "The parent company at New York Stock"}, {"start": "00:17:07", "end": "00:17:12", "text": "Exchange"}, {"start": "00:17:08", "end": "00:17:14", "text": "is looking at maybe doing a partnership."}, {"start": "00:17:12", "end": "00:17:18", "text": "Okay?"}, {"start": "00:17:14", "end": "00:17:20", "text": "And that's interesting. And ICE CEO"}, {"start": "00:17:18", "end": "00:17:25", "text": "is saying Hyperliquid"}, {"start": "00:17:20", "end": "00:17:27", "text": "is bigger than Nasdaq."}, {"start": "00:17:25", "end": "00:17:31", "text": "That's kind of crazy."}, {"start": "00:17:27", "end": "00:17:35", "text": "Probably because of the trading volume"}, {"start": "00:17:31", "end": "00:17:38", "text": "and how much it gets. So, it's pretty"}, {"start": "00:17:35", "end": "00:17:40", "text": "serious stuff. New York The I ICE"}, {"start": "00:17:38", "end": "00:17:43", "text": "already and not not to be confused with"}, {"start": "00:17:40", "end": "00:17:45", "text": "all the other ICE, but the ICE of uh New"}, {"start": "00:17:43", "end": "00:17:47", "text": "York Stock Exchange has also made a big"}, {"start": "00:17:45", "end": "00:17:50", "text": "partnership with Polymarket,"}, {"start": "00:17:47", "end": "00:17:52", "text": "right? And now they're looking at"}, {"start": "00:17:50", "end": "00:17:56", "text": "at Hype."}, {"start": "00:17:52", "end": "00:17:59", "text": "So, this is actually real. Real utility,"}, {"start": "00:17:56", "end": "00:18:01", "text": "real usage. And I I love to see it"}, {"start": "00:17:59", "end": "00:18:03", "text": "because most things in crypto don't"}, {"start": "00:18:01", "end": "00:18:05", "text": "don't have anything real."}, {"start": "00:18:03", "end": "00:18:06", "text": "Right now, it's mostly just trading"}, {"start": "00:18:05", "end": "00:18:11", "text": "volume. That's it."}, {"start": "00:18:06", "end": "00:18:15", "text": "Trading volume, DEXes, and and futures."}, {"start": "00:18:11", "end": "00:18:17", "text": "That's it. Nothing else. But, this I"}, {"start": "00:18:15", "end": "00:18:19", "text": "It If it leads this, then it's good. At"}, {"start": "00:18:17", "end": "00:18:21", "text": "least there's something, right? A lot of"}, {"start": "00:18:19", "end": "00:18:24", "text": "chains are It's just empty promises,"}, {"start": "00:18:21", "end": "00:18:26", "text": "empty highways, nothing going on. So,"}, {"start": "00:18:24", "end": "00:18:29", "text": "good for Hype. And I did see on uh we"}, {"start": "00:18:26", "end": "00:18:31", "text": "could check it out in um"}, {"start": "00:18:29", "end": "00:18:34", "text": "on Market Cap. I think I have it up."}, {"start": "00:18:31", "end": "00:18:36", "text": "Hype is doing very very well. They're"}, {"start": "00:18:34", "end": "00:18:38", "text": "They're at number 10. They're They"}, {"start": "00:18:36", "end": "00:18:43", "text": "reached not top 10."}, {"start": "00:18:38", "end": "00:18:46", "text": "And in the last 90 days,"}, {"start": "00:18:43", "end": "00:18:46", "text": "they're up 126%,"}, {"start": "00:18:46", "end": "00:18:50", "text": "which is crazy."}, {"start": "00:18:48", "end": "00:18:53", "text": "Look at that."}, {"start": "00:18:50", "end": "00:18:55", "text": "121%, my bad."}, {"start": "00:18:53", "end": "00:18:57", "text": "They are rocking it right now. They're"}, {"start": "00:18:55", "end": "00:19:01", "text": "They're definitely distancing"}, {"start": "00:18:57", "end": "00:19:03", "text": "distancing distancing themselves from"}, {"start": "00:19:01", "end": "00:19:04", "text": "the market. So,"}, {"start": "00:19:03", "end": "00:19:07", "text": "good for them. That's what happens you"}, {"start": "00:19:04", "end": "00:19:07", "text": "get real utility."}, {"start": "00:19:07", "end": "00:19:13", "text": "Uh what else?"}, {"start": "00:19:09", "end": "00:19:16", "text": "What else? The grants Paxos approval to"}, {"start": "00:19:13", "end": "00:19:20", "text": "clearing settle security transactions."}, {"start": "00:19:16", "end": "00:19:23", "text": "Okay. Paxos was sued by the SEC before"}, {"start": "00:19:20", "end": "00:19:25", "text": "for having stable coins. Okay, they had"}, {"start": "00:19:23", "end": "00:19:27", "text": "the very first"}, {"start": "00:19:25", "end": "00:19:29", "text": "I think BUSD or something. That was"}, {"start": "00:19:27", "end": "00:19:31", "text": "Binance's stable coin. They got sued."}, {"start": "00:19:29", "end": "00:19:32", "text": "They had to get removed it."}, {"start": "00:19:31", "end": "00:19:35", "text": "But now"}, {"start": "00:19:32", "end": "00:19:37", "text": "they're working with SEC again."}, {"start": "00:19:35", "end": "00:19:38", "text": "See how things have changed 180. Before"}, {"start": "00:19:37", "end": "00:19:41", "text": "SEC wouldn't want nothing to do with"}, {"start": "00:19:38", "end": "00:19:43", "text": "Paxos. Wanted to just shut them down."}, {"start": "00:19:41", "end": "00:19:47", "text": "And then I saw this. I didn't even know"}, {"start": "00:19:43", "end": "00:19:49", "text": "Sui network was down after some kind of"}, {"start": "00:19:47", "end": "00:19:51", "text": "bug that came out causing them to be"}, {"start": "00:19:49", "end": "00:19:53", "text": "down for 6 hours."}, {"start": "00:19:51", "end": "00:19:55", "text": "So obviously when a major chain goes"}, {"start": "00:19:53", "end": "00:19:58", "text": "down like that, it's no good. But it's"}, {"start": "00:19:55", "end": "00:19:59", "text": "it's not easy to fix. So glad to see"}, {"start": "00:19:58", "end": "00:20:01", "text": "that they are"}, {"start": "00:19:59", "end": "00:20:03", "text": "back and"}, {"start": "00:20:01", "end": "00:20:07", "text": "running again."}, {"start": "00:20:03", "end": "00:20:10", "text": "And I do like Sui. Right now looking"}, {"start": "00:20:07", "end": "00:20:14", "text": "looking uh"}, {"start": "00:20:10", "end": "00:20:16", "text": "harsh. Uh the US market still up, which"}, {"start": "00:20:14", "end": "00:20:18", "text": "is good."}, {"start": "00:20:16", "end": "00:20:22", "text": "Overall, crypto's kind of holding there."}, {"start": "00:20:18", "end": "00:20:22", "text": "We're we're trending up a little bit."}, {"start": "00:20:26", "end": "00:20:30", "text": "Let's do some uh let's do some Q&A."}, {"start": "00:20:52", "end": "00:20:57", "text": "Marcial has a good question. And I kind"}, {"start": "00:20:55", "end": "00:20:59", "text": "of answered this yesterday."}, {"start": "00:20:57", "end": "00:21:01", "text": "Why isn't crypto crypto moving along the"}, {"start": "00:20:59", "end": "00:21:03", "text": "stock market?"}, {"start": "00:21:01", "end": "00:21:06", "text": "Dark times, this happens."}, {"start": "00:21:03", "end": "00:21:09", "text": "The stock market leads the way."}, {"start": "00:21:06", "end": "00:21:13", "text": "Because obviously"}, {"start": "00:21:09", "end": "00:21:16", "text": "like, you know, Wall Street and and and"}, {"start": "00:21:13", "end": "00:21:18", "text": "a lot of these guys, traders, funds,"}, {"start": "00:21:16", "end": "00:21:19", "text": "you know, they start buying stocks"}, {"start": "00:21:18", "end": "00:21:21", "text": "first."}, {"start": "00:21:19", "end": "00:21:25", "text": "It makes sense."}, {"start": "00:21:21", "end": "00:21:27", "text": "But what happens when the market gets"}, {"start": "00:21:25", "end": "00:21:28", "text": "frosty, I guess. Is that what the word"}, {"start": "00:21:27", "end": "00:21:30", "text": "is?"}, {"start": "00:21:28", "end": "00:21:31", "text": "When there's a lot of money, a lot of"}, {"start": "00:21:30", "end": "00:21:35", "text": "people making money, they tend to"}, {"start": "00:21:31", "end": "00:21:38", "text": "diversify. So, you you do see that lag"}, {"start": "00:21:35", "end": "00:21:40", "text": "at times. Sometimes it's the same."}, {"start": "00:21:38", "end": "00:21:42", "text": "Sometimes at the same time."}, {"start": "00:21:40", "end": "00:21:46", "text": "But there are times when, especially now"}, {"start": "00:21:42", "end": "00:21:48", "text": "we're recovering from April and now May,"}, {"start": "00:21:46", "end": "00:21:50", "text": "we're starting to head higher."}, {"start": "00:21:48", "end": "00:21:52", "text": "There are times you see just the"}, {"start": "00:21:50", "end": "00:21:53", "text": "coupling."}, {"start": "00:21:52", "end": "00:21:55", "text": "Right? And sometimes it's in reverse,"}, {"start": "00:21:53", "end": "00:21:57", "text": "too, when the stock market going down,"}, {"start": "00:21:55", "end": "00:21:59", "text": "crypto's holding strong. So, it's not"}, {"start": "00:21:57", "end": "00:22:03", "text": "just one way. But when you see a big"}, {"start": "00:21:59", "end": "00:22:06", "text": "recovery with US markets, with stocks,"}, {"start": "00:22:03", "end": "00:22:08", "text": "what happens next is you tell you do see"}, {"start": "00:22:06", "end": "00:22:10", "text": "a lot of rotation into crypto. That's"}, {"start": "00:22:08", "end": "00:22:13", "text": "normally how it works. Right now we are"}, {"start": "00:22:10", "end": "00:22:14", "text": "lagging, I realize that. Kind of sucks."}, {"start": "00:22:13", "end": "00:22:18", "text": "But"}, {"start": "00:22:14", "end": "00:22:20", "text": "we will catch up. We will catch up."}, {"start": "00:22:18", "end": "00:22:20", "text": ">> [snorts]"}, {"start": "00:22:20", "end": "00:22:25", "text": ">> Like right now, I improved the pro"}, {"start": "00:22:23", "end": "00:22:27", "text": "charting for you guys."}, {"start": "00:22:25", "end": "00:22:29", "text": "It's a lot more useful. So, now if I"}, {"start": "00:22:27", "end": "00:22:32", "text": "remove my camera, you guys can see here."}, {"start": "00:22:29", "end": "00:22:34", "text": "The watch list is a lot more useful."}, {"start": "00:22:32", "end": "00:22:36", "text": "Gives you the price, the moving price"}, {"start": "00:22:34", "end": "00:22:40", "text": "right now. You can watch You can add any"}, {"start": "00:22:36", "end": "00:22:44", "text": "stock or crypto, obviously. You can"}, {"start": "00:22:40", "end": "00:22:47", "text": "adjust this however you want."}, {"start": "00:22:44", "end": "00:22:48", "text": "Right? It's completely customizable. So,"}, {"start": "00:22:47", "end": "00:22:51", "text": "just so you guys know. And and"}, {"start": "00:22:48", "end": "00:22:55", "text": "everything shows up. But like today,"}, {"start": "00:22:51", "end": "00:22:57", "text": "you got Nvidia, Micron, like AMD,"}, {"start": "00:22:55", "end": "00:22:59", "text": "TSM, they're all doing well. And even"}, {"start": "00:22:57", "end": "00:23:01", "text": "crypto, like ETH and SOL are up a little"}, {"start": "00:22:59", "end": "00:23:02", "text": "bit today."}, {"start": "00:23:01", "end": "00:23:07", "text": "But just want to go"}, {"start": "00:23:02", "end": "00:23:07", "text": "show you guys I improved upon that."}, {"start": "00:23:26", "end": "00:23:28", "text": ">> [snorts]"}, {"start": "00:23:29", "end": "00:23:34", "text": ">> Yeah, hype Hype is definitely doing very"}, {"start": "00:23:31", "end": "00:23:37", "text": "well. I saw I999 asking, \"Is it too late"}, {"start": "00:23:34", "end": "00:23:38", "text": "to get into hype?\""}, {"start": "00:23:37", "end": "00:23:41", "text": "The answer is no."}, {"start": "00:23:38", "end": "00:23:42", "text": "I mean, obviously when something goes up"}, {"start": "00:23:41", "end": "00:23:43", "text": "that much,"}, {"start": "00:23:42", "end": "00:23:46", "text": "okay?"}, {"start": "00:23:43", "end": "00:23:49", "text": "Uh you got to worry about it. But, you"}, {"start": "00:23:46", "end": "00:23:51", "text": "know, overall market cap is 15.72"}, {"start": "00:23:49", "end": "00:23:54", "text": "billion versus say SOL's 47 billion. But"}, {"start": "00:23:51", "end": "00:23:57", "text": "one thing is that they still have a lot"}, {"start": "00:23:54", "end": "00:23:58", "text": "of tokens to be released."}, {"start": "00:23:57", "end": "00:24:02", "text": "They did not release their entire"}, {"start": "00:23:58", "end": "00:24:04", "text": "supply, so that is something to worry"}, {"start": "00:24:02", "end": "00:24:05", "text": "about. In fact, the tokenomics right"}, {"start": "00:24:04", "end": "00:24:08", "text": "here,"}, {"start": "00:24:05", "end": "00:24:10", "text": "I I know it's harder to see, but if you"}, {"start": "00:24:08", "end": "00:24:12", "text": "look at a total FDV, they're actually"}, {"start": "00:24:10", "end": "00:24:14", "text": "worth 60 billion. So, if you look at"}, {"start": "00:24:12", "end": "00:24:18", "text": "that, they're actually worth more than"}, {"start": "00:24:14", "end": "00:24:22", "text": "SOL because they only released about a"}, {"start": "00:24:18", "end": "00:24:24", "text": "fourth of their supply."}, {"start": "00:24:22", "end": "00:24:25", "text": "Their Their max supply is 1 billion, but"}, {"start": "00:24:24", "end": "00:24:29", "text": "they only released about 222 million."}, {"start": "00:24:25", "end": "00:24:30", "text": "So, the main concern about hype right"}, {"start": "00:24:29", "end": "00:24:33", "text": "now is"}, {"start": "00:24:30", "end": "00:24:35", "text": "uh if they start You don't know when,"}, {"start": "00:24:33", "end": "00:24:37", "text": "but when they start like releasing a lot"}, {"start": "00:24:35", "end": "00:24:39", "text": "of tokens,"}, {"start": "00:24:37", "end": "00:24:41", "text": "maybe it's over time, or maybe they"}, {"start": "00:24:39", "end": "00:24:42", "text": "never do it. I don't know what their"}, {"start": "00:24:41", "end": "00:24:43", "text": "schedule is."}, {"start": "00:24:42", "end": "00:24:45", "text": "But that's one thing to be concerned"}, {"start": "00:24:43", "end": "00:24:48", "text": "about because if all of a sudden, they"}, {"start": "00:24:45", "end": "00:24:50", "text": "could release 100% more tokens,"}, {"start": "00:24:48", "end": "00:24:52", "text": "um you know, obviously that's going to"}, {"start": "00:24:50", "end": "00:24:55", "text": "affect the price, right? But right now,"}, {"start": "00:24:52", "end": "00:24:56", "text": "just doesn't seem like it."}, {"start": "00:24:55", "end": "00:24:59", "text": "I don't I actually don't know what their"}, {"start": "00:24:56", "end": "00:25:03", "text": "schedule is."}, {"start": "00:24:59", "end": "00:25:03", "text": "So, that's that's one concerning thing."}, {"start": "00:25:25", "end": "00:25:27", "text": "Uh"}, {"start": "00:25:26", "end": "00:25:29", "text": "this is taking a while."}, {"start": "00:25:27", "end": "00:25:30", "text": "I was testing this yesterday. It was"}, {"start": "00:25:29", "end": "00:25:32", "text": "faster."}, {"start": "00:25:30", "end": "00:25:35", "text": "But, [snorts]"}, {"start": "00:25:32", "end": "00:25:35", "text": "let's see if this finishes."}, {"start": "00:25:54", "end": "00:25:57", "text": "Man, this is taking a while."}, {"start": "00:26:04", "end": "00:26:07", "text": "Yeah, that shouldn't be."}, {"start": "00:26:08", "end": "00:26:12", "text": "Something's going on. I don't want this"}, {"start": "00:26:09", "end": "00:26:12", "text": "hype."}, {"start": "00:26:17", "end": "00:26:20", "text": "But, yeah. That was it."}, {"start": "00:26:34", "end": "00:26:36", "text": ">> [snorts]"}, {"start": "00:26:44", "end": "00:26:49", "text": ">> Today overall isn't bad. Most things are"}, {"start": "00:26:46", "end": "00:26:49", "text": "in green."}, {"start": "00:26:50", "end": "00:26:52", "text": ">> [snorts]"}, {"start": "00:26:56", "end": "00:27:00", "text": ">> Just we're not pumping hugely."}, {"start": "00:27:11", "end": "00:27:16", "text": "Uh J Almal, thank you. Appreciate it."}, {"start": "00:27:28", "end": "00:27:33", "text": "I mean, is there anything else that's"}, {"start": "00:27:30", "end": "00:27:36", "text": "doing well over the last 90 days besides"}, {"start": "00:27:33", "end": "00:27:39", "text": "hype?"}, {"start": "00:27:36", "end": "00:27:41", "text": "I mean, Zcash. Surprisingly, Zcash did"}, {"start": "00:27:39", "end": "00:27:44", "text": "even better."}, {"start": "00:27:41", "end": "00:27:44", "text": "156%"}, {"start": "00:27:45", "end": "00:27:49", "text": "So,"}, {"start": "00:27:47", "end": "00:27:52", "text": "that's kind of crazy. Or is that wrong?"}, {"start": "00:27:49", "end": "00:27:54", "text": "Uh 30-day"}, {"start": "00:27:52", "end": "00:27:57", "text": "is not looking right here."}, {"start": "00:27:54", "end": "00:28:00", "text": "This is saying 60, but over in"}, {"start": "00:27:57", "end": "00:28:02", "text": "over here"}, {"start": "00:28:00", "end": "00:28:03", "text": "it's saying Zcash went up a lot. Maybe"}, {"start": "00:28:02", "end": "00:28:06", "text": "that's"}, {"start": "00:28:03", "end": "00:28:07", "text": "maybe that's the wrong column, but Zcash"}, {"start": "00:28:06", "end": "00:28:10", "text": "did go up a lot."}, {"start": "00:28:07", "end": "00:28:16", "text": "Ton coin went up a lot."}, {"start": "00:28:10", "end": "00:28:16", "text": "Near went up a lot. Near's 132%."}, {"start": "00:28:17", "end": "00:28:23", "text": "Oh. Oh, boy."}, {"start": "00:28:19", "end": "00:28:23", "text": "There we go. Yeah, 130%."}, {"start": "00:28:25", "end": "00:28:30", "text": "That's kind of crazy. So, it's not just"}, {"start": "00:28:27", "end": "00:28:34", "text": "hype, Near."}, {"start": "00:28:30", "end": "00:28:36", "text": "I'm assuming they went up because of AI,"}, {"start": "00:28:34", "end": "00:28:36", "text": "right?"}, {"start": "00:28:39", "end": "00:28:42", "text": "Because they they said that they pivoted"}, {"start": "00:28:41", "end": "00:28:44", "text": "to AI,"}, {"start": "00:28:42", "end": "00:28:46", "text": "but I don't really know what that means"}, {"start": "00:28:44", "end": "00:28:49", "text": "for Near. They I mean, you could say"}, {"start": "00:28:46", "end": "00:28:50", "text": "that about anything, but"}, {"start": "00:28:49", "end": "00:28:52", "text": ">> [snorts]"}, {"start": "00:28:50", "end": "00:28:54", "text": ">> the thesis is momentum is confirming"}, {"start": "00:28:52", "end": "00:28:57", "text": "across daily and weekly windows."}, {"start": "00:28:54", "end": "00:28:59", "text": "Um"}, {"start": "00:28:57", "end": "00:29:02", "text": "they have an AI adjacent development"}, {"start": "00:28:59", "end": "00:29:06", "text": "developer infrastructure."}, {"start": "00:29:02", "end": "00:29:06", "text": "So, NEAR is doing very well, too."}, {"start": "00:29:06", "end": "00:29:09", "text": "Very well."}, {"start": "00:29:20", "end": "00:29:22", "text": ">> [snorts]"}, {"start": "00:29:24", "end": "00:29:28", "text": ">> There we go. Sorting by AI, you could"}, {"start": "00:29:27", "end": "00:29:31", "text": "see"}, {"start": "00:29:28", "end": "00:29:34", "text": "NEAR is doing well."}, {"start": "00:29:31", "end": "00:29:35", "text": "BitTensor is not doing well."}, {"start": "00:29:34", "end": "00:29:38", "text": "Um"}, {"start": "00:29:35", "end": "00:29:42", "text": "Render's okay."}, {"start": "00:29:38", "end": "00:29:44", "text": "PHAT doing okay. Akash Network actually"}, {"start": "00:29:42", "end": "00:29:46", "text": "doing really well, too."}, {"start": "00:29:44", "end": "00:29:48", "text": ">> [snorts]"}, {"start": "00:29:46", "end": "00:29:51", "text": ">> They're more like an infrastructure"}, {"start": "00:29:48", "end": "00:29:51", "text": "play."}, {"start": "00:29:54", "end": "00:30:00", "text": "So, maybe they pivoted more into AI,"}, {"start": "00:29:56", "end": "00:30:00", "text": "too. So, that that kind of makes sense."}, {"start": "00:30:30", "end": "00:30:35", "text": "Yeah, the market is doing pretty well"}, {"start": "00:30:32", "end": "00:30:35", "text": "today."}, {"start": "00:30:44", "end": "00:30:47", "text": ">> [snorts]"}, {"start": "00:30:44", "end": "00:30:52", "text": ">> This is Micron."}, {"start": "00:30:47", "end": "00:30:54", "text": "Uh Micron's memory memory uh company and"}, {"start": "00:30:52", "end": "00:30:56", "text": "man, what what what a recovery from"}, {"start": "00:30:54", "end": "00:30:59", "text": "April."}, {"start": "00:30:56", "end": "00:30:59", "text": "Look at that."}, {"start": "00:30:59", "end": "00:31:05", "text": "Same thing with like AMD."}, {"start": "00:31:03", "end": "00:31:07", "text": "All these companies from April has just"}, {"start": "00:31:05", "end": "00:31:09", "text": "been skyrocketing. Anything to do"}, {"start": "00:31:07", "end": "00:31:12", "text": "anything with AI"}, {"start": "00:31:09", "end": "00:31:16", "text": "is being bought up. This is also another"}, {"start": "00:31:12", "end": "00:31:17", "text": "reason why we are not moving as much as"}, {"start": "00:31:16", "end": "00:31:19", "text": "we should."}, {"start": "00:31:17", "end": "00:31:22", "text": "Because of all the money that's going"}, {"start": "00:31:19", "end": "00:31:24", "text": "into anything that's related to AI. Even"}, {"start": "00:31:22", "end": "00:31:26", "text": "a lot of the miners"}, {"start": "00:31:24", "end": "00:31:29", "text": "are shifting to AI because that's what"}, {"start": "00:31:26", "end": "00:31:32", "text": "their shareholders are asking for."}, {"start": "00:31:29", "end": "00:31:34", "text": "And unfortunately the miners"}, {"start": "00:31:32", "end": "00:31:37", "text": "they're making it worse because they're"}, {"start": "00:31:34", "end": "00:31:40", "text": "selling their Bitcoin in order to raise"}, {"start": "00:31:37", "end": "00:31:43", "text": "money to like expand or change or"}, {"start": "00:31:40", "end": "00:31:44", "text": "whatever. So, that's the that's a sucky"}, {"start": "00:31:43", "end": "00:31:46", "text": "thing."}, {"start": "00:31:44", "end": "00:31:46", "text": ">> [snorts]"}, {"start": "00:31:49", "end": "00:31:53", "text": ">> But yeah, a lot of it is just money"}, {"start": "00:31:51", "end": "00:31:55", "text": "[clears throat] flowing into these AI"}, {"start": "00:31:53", "end": "00:31:57", "text": "companies."}, {"start": "00:31:55", "end": "00:32:01", "text": "Nvidia not skyrocketing as much, but"}, {"start": "00:31:57", "end": "00:32:01", "text": "they still had a good climb from April."}, {"start": "00:32:07", "end": "00:32:10", "text": "Uh"}, {"start": "00:32:09", "end": "00:32:12", "text": "do you think we'll get around to 200k"}, {"start": "00:32:10", "end": "00:32:15", "text": "this year? No, probably not 200k. I"}, {"start": "00:32:12", "end": "00:32:17", "text": "think I think realistically"}, {"start": "00:32:15", "end": "00:32:19", "text": "we could get back to our previous high"}, {"start": "00:32:17", "end": "00:32:22", "text": "and break it a little bit if conditions"}, {"start": "00:32:19", "end": "00:32:25", "text": "are right."}, {"start": "00:32:22", "end": "00:32:26", "text": "I think we can maybe hit like 150, 170"}, {"start": "00:32:25", "end": "00:32:30", "text": "max."}, {"start": "00:32:26", "end": "00:32:30", "text": "I don't think we'll hit 200k this year."}, {"start": "00:32:36", "end": "00:32:39", "text": "How much faith do I have in Sui after"}, {"start": "00:32:37", "end": "00:32:40", "text": "what happened? It doesn't really change"}, {"start": "00:32:39", "end": "00:32:43", "text": "things."}, {"start": "00:32:40", "end": "00:32:46", "text": "I mean Solana had outages, obviously. A"}, {"start": "00:32:43", "end": "00:32:48", "text": "lot of chains had outages."}, {"start": "00:32:46", "end": "00:32:51", "text": "Obviously, it's not ideal."}, {"start": "00:32:48", "end": "00:32:54", "text": "But, it's not a death sentence. It has"}, {"start": "00:32:51", "end": "00:32:54", "text": "happened before to others."}, {"start": "00:32:59", "end": "00:33:04", "text": "Their community is still strong. So,"}, {"start": "00:33:00", "end": "00:33:04", "text": "that's that's the most important thing."}, {"start": "00:33:11", "end": "00:33:13", "text": ">> [snorts]"}, {"start": "00:33:16", "end": "00:33:22", "text": ">> Yeah, so according to this"}, {"start": "00:33:19", "end": "00:33:22", "text": "right now things are"}, {"start": "00:33:23", "end": "00:33:29", "text": "not so good. We need to reclaim that"}, {"start": "00:33:27", "end": "00:33:32", "text": "What is it? Like around $74,000? Like"}, {"start": "00:33:29", "end": "00:33:32", "text": "right around there."}, {"start": "00:33:35", "end": "00:33:39", "text": "And we have a support at 7203"}, {"start": "00:33:38", "end": "00:33:42", "text": "which is a little bit below where we"}, {"start": "00:33:39", "end": "00:33:42", "text": "are."}, {"start": "00:33:43", "end": "00:33:47", "text": "That's what the auto charting is"}, {"start": "00:33:45", "end": "00:33:49", "text": "showing."}, {"start": "00:33:47", "end": "00:33:52", "text": "RSI"}, {"start": "00:33:49", "end": "00:33:52", "text": "is quite low now."}, {"start": "00:33:58", "end": "00:34:02", "text": "I saw this This was actually kind of"}, {"start": "00:33:59", "end": "00:34:06", "text": "interesting, the volume profile."}, {"start": "00:34:02", "end": "00:34:09", "text": "We had a large amount of trades happen"}, {"start": "00:34:06", "end": "00:34:12", "text": "right around 80. So, that is now our new"}, {"start": "00:34:09", "end": "00:34:15", "text": "resistance. So, obviously, we as we"}, {"start": "00:34:12", "end": "00:34:18", "text": "climb back higher, that's going to be"}, {"start": "00:34:15", "end": "00:34:18", "text": "like the natural resistance."}, {"start": "00:34:23", "end": "00:34:26", "text": "What's a bull thesis?"}, {"start": "00:34:35", "end": "00:34:41", "text": ">> Yeah. What thesis isn't that crazy? Just"}, {"start": "00:34:39", "end": "00:34:43", "text": "saying that"}, {"start": "00:34:41", "end": "00:34:46", "text": "we bounce back"}, {"start": "00:34:43", "end": "00:34:49", "text": "from basically"}, {"start": "00:34:46", "end": "00:34:51", "text": "this point, which is where we were"}, {"start": "00:34:49", "end": "00:34:54", "text": "and bounce back and reclaim 74k and"}, {"start": "00:34:51", "end": "00:34:57", "text": "continue higher. So basically"}, {"start": "00:34:54", "end": "00:34:59", "text": "we're not that far from that. Anything"}, {"start": "00:34:57", "end": "00:35:02", "text": "can happen."}, {"start": "00:34:59", "end": "00:35:02", "text": "So"}, {"start": "00:35:02", "end": "00:35:05", "text": "quite interesting."}, {"start": "00:35:13", "end": "00:35:17", "text": "Do you think June will be a red or green"}, {"start": "00:35:15", "end": "00:35:18", "text": "month?"}, {"start": "00:35:17", "end": "00:35:20", "text": "I don't know. I'm thinking it's going to"}, {"start": "00:35:18", "end": "00:35:24", "text": "be green."}, {"start": "00:35:20", "end": "00:35:26", "text": "And here's why. Money is flowing in."}, {"start": "00:35:24", "end": "00:35:29", "text": "Obviously, the US market is starting to"}, {"start": "00:35:26", "end": "00:35:31", "text": "get really hot."}, {"start": "00:35:29", "end": "00:35:34", "text": "Right? So with money"}, {"start": "00:35:31", "end": "00:35:35", "text": "flowing and people making a lot of"}, {"start": "00:35:34", "end": "00:35:37", "text": "money,"}, {"start": "00:35:35", "end": "00:35:40", "text": "they're going to start diversifying."}, {"start": "00:35:37", "end": "00:35:42", "text": "That's how it is every single cycle. So"}, {"start": "00:35:40", "end": "00:35:43", "text": "uh I think a lot of money will start"}, {"start": "00:35:42", "end": "00:35:45", "text": "flowing in."}, {"start": "00:35:43", "end": "00:35:47", "text": "Especially if people are making money"}, {"start": "00:35:45", "end": "00:35:50", "text": "left and right with with stocks or with"}, {"start": "00:35:47", "end": "00:35:54", "text": "AI or whatever. So that's going to help."}, {"start": "00:35:50", "end": "00:35:57", "text": "And plus, I do think the Clarity Act and"}, {"start": "00:35:54", "end": "00:35:59", "text": "this other"}, {"start": "00:35:57", "end": "00:36:01", "text": "announcement"}, {"start": "00:35:59", "end": "00:36:03", "text": "from the White House about Bitcoin"}, {"start": "00:36:01", "end": "00:36:04", "text": "reserve and obviously geopolitical"}, {"start": "00:36:03", "end": "00:36:06", "text": "things"}, {"start": "00:36:04", "end": "00:36:09", "text": "like maybe the ceasefire for 60 days."}, {"start": "00:36:06", "end": "00:36:11", "text": "All these things"}, {"start": "00:36:09", "end": "00:36:14", "text": "can have a huge effect, right? We just"}, {"start": "00:36:11", "end": "00:36:16", "text": "have to wait to see when they come."}, {"start": "00:36:14", "end": "00:36:19", "text": "But once that momentum comes back, you"}, {"start": "00:36:16", "end": "00:36:21", "text": "know that FOMO will be hard because all"}, {"start": "00:36:19", "end": "00:36:23", "text": "that money on the sidelines or from"}, {"start": "00:36:21", "end": "00:36:26", "text": "other markets will flow back in."}, {"start": "00:36:23", "end": "00:36:28", "text": "The rotation will be"}, {"start": "00:36:26", "end": "00:36:31", "text": "massive, just like previous times. It'll"}, {"start": "00:36:28", "end": "00:36:32", "text": "be more massive than previous times"}, {"start": "00:36:31", "end": "00:36:34", "text": "because there's a lot more money out"}, {"start": "00:36:32", "end": "00:36:34", "text": "there now."}, {"start": "00:36:46", "end": "00:36:48", "text": ">> [snorts]"}, {"start": "00:36:46", "end": "00:36:50", "text": ">> But right now, I get it, the most"}, {"start": "00:36:48", "end": "00:36:51", "text": "frustrating thing"}, {"start": "00:36:50", "end": "00:36:54", "text": "is"}, {"start": "00:36:51", "end": "00:36:56", "text": "it's not that Bitcoin's down and"}, {"start": "00:36:54", "end": "00:36:57", "text": "crypto's down."}, {"start": "00:36:56", "end": "00:36:59", "text": "At least for me."}, {"start": "00:36:57", "end": "00:37:00", "text": "Like yes, it's frustrating that they're"}, {"start": "00:36:59", "end": "00:37:03", "text": "already down, but what's more"}, {"start": "00:37:00", "end": "00:37:06", "text": "frustrating is yeah, seeing how"}, {"start": "00:37:03", "end": "00:37:08", "text": "uh stocks are doing so well, right? And"}, {"start": "00:37:06", "end": "00:37:11", "text": "this happened last year. Exactly the"}, {"start": "00:37:08", "end": "00:37:14", "text": "same time last year, except last year"}, {"start": "00:37:11", "end": "00:37:18", "text": "Bitcoin rallied with"}, {"start": "00:37:14", "end": "00:37:21", "text": "the stock market rally at the same time."}, {"start": "00:37:18", "end": "00:37:23", "text": "Last year, right same thing, April."}, {"start": "00:37:21", "end": "00:37:27", "text": "You had a stock market crash from"}, {"start": "00:37:23", "end": "00:37:29", "text": "December all the way down to April, and"}, {"start": "00:37:27", "end": "00:37:30", "text": "April is when everything turned back up"}, {"start": "00:37:29", "end": "00:37:32", "text": "for all things."}, {"start": "00:37:30", "end": "00:37:35", "text": "But this year"}, {"start": "00:37:32", "end": "00:37:37", "text": "April turned back stocks, but not crypto"}, {"start": "00:37:35", "end": "00:37:38", "text": "yet."}, {"start": "00:37:37", "end": "00:37:41", "text": "We did go up a little bit, obviously,"}, {"start": "00:37:38", "end": "00:37:44", "text": "from our bottom of 60K, right? We went"}, {"start": "00:37:41", "end": "00:37:45", "text": "all the way to 80, but now"}, {"start": "00:37:44", "end": "00:37:48", "text": "we got suppressed again due to"}, {"start": "00:37:45", "end": "00:37:50", "text": "liquidations and due to"}, {"start": "00:37:48", "end": "00:37:52", "text": "I don't know, war not not being over."}, {"start": "00:37:50", "end": "00:37:55", "text": "Like liquidations definitely"}, {"start": "00:37:52", "end": "00:37:55", "text": "uh do not help."}, {"start": "00:37:55", "end": "00:38:00", "text": "Just a day ago, we were at like 700"}, {"start": "00:37:57", "end": "00:38:03", "text": "million plus, okay? Even the last 24"}, {"start": "00:38:00", "end": "00:38:06", "text": "hours is still 100 million. Like stuff"}, {"start": "00:38:03", "end": "00:38:09", "text": "like this does not help"}, {"start": "00:38:06", "end": "00:38:09", "text": "move the market up."}, {"start": "00:38:10", "end": "00:38:15", "text": "Kind of sucks, but at least over last 24"}, {"start": "00:38:12", "end": "00:38:17", "text": "hours, not all longs liquidated. There"}, {"start": "00:38:15", "end": "00:38:18", "text": "are a lot of shorts liquidated, too."}, {"start": "00:38:17", "end": "00:38:21", "text": "I don't even know how shorts could be"}, {"start": "00:38:18", "end": "00:38:23", "text": "liquidated because for us to just move"}, {"start": "00:38:21", "end": "00:38:25", "text": "like a few hundred dollars and have that"}, {"start": "00:38:23", "end": "00:38:26", "text": "many people liquidated from shorts, that"}, {"start": "00:38:25", "end": "00:38:30", "text": "means they're really playing with like a"}, {"start": "00:38:26", "end": "00:38:30", "text": "hundred X or something like that."}, {"start": "00:38:36", "end": "00:38:39", "text": ">> [snorts]"}, {"start": "00:38:37", "end": "00:38:41", "text": ">> They do. They get They get liquidated."}, {"start": "00:38:39", "end": "00:38:42", "text": "You can see right here the greens is"}, {"start": "00:38:41", "end": "00:38:45", "text": "actually"}, {"start": "00:38:42", "end": "00:38:46", "text": "liquidations. You can see shorts, 24"}, {"start": "00:38:45", "end": "00:38:49", "text": "million"}, {"start": "00:38:46", "end": "00:38:50", "text": "of ETH and 17 million."}, {"start": "00:38:49", "end": "00:38:52", "text": "So, shorts do get liquidated. They're"}, {"start": "00:38:50", "end": "00:38:55", "text": "just not as"}, {"start": "00:38:52", "end": "00:38:57", "text": "much at times because there's a lot more"}, {"start": "00:38:55", "end": "00:38:59", "text": "people throwing their longs and shorts"}, {"start": "00:38:57", "end": "00:39:00", "text": "at this point, which is smart. You don't"}, {"start": "00:38:59", "end": "00:39:05", "text": "want to"}, {"start": "00:39:00", "end": "00:39:05", "text": "really continue to short, but"}, {"start": "00:39:09", "end": "00:39:12", "text": "I should try to add some hyper liquid in"}, {"start": "00:39:11", "end": "00:39:14", "text": "here."}, {"start": "00:39:12", "end": "00:39:14", "text": ">> [snorts]"}, {"start": "00:39:15", "end": "00:39:19", "text": ">> I should add hyper liquid data so then"}, {"start": "00:39:17", "end": "00:39:21", "text": "we can actually see. One of the reasons"}, {"start": "00:39:19", "end": "00:39:26", "text": "why hyper liquid is doing so well is"}, {"start": "00:39:21", "end": "00:39:28", "text": "because of the trading volume and"}, {"start": "00:39:26", "end": "00:39:30", "text": "and the leverage."}, {"start": "00:39:28", "end": "00:39:30", "text": "Um"}, {"start": "00:39:32", "end": "00:39:36", "text": "Yeah, and all the fees that they"}, {"start": "00:39:33", "end": "00:39:36", "text": "collect."}, {"start": "00:39:58", "end": "00:40:02", "text": "Uh"}, {"start": "00:39:59", "end": "00:40:02", "text": "let's see, markets."}, {"start": "00:40:04", "end": "00:40:09", "text": "So, I added this. I know a lot of you"}, {"start": "00:40:06", "end": "00:40:13", "text": "guys saw this, but maybe not, but this"}, {"start": "00:40:09", "end": "00:40:13", "text": "is like market cap for stocks."}, {"start": "00:40:13", "end": "00:40:19", "text": "Man, you got some crazy stuff. Broadcom"}, {"start": "00:40:16", "end": "00:40:23", "text": "is up 4%, Microsoft up 3%"}, {"start": "00:40:19", "end": "00:40:27", "text": "for the day. Micron's up 5%."}, {"start": "00:40:23", "end": "00:40:27", "text": "Oracle's up 6%."}, {"start": "00:40:34", "end": "00:40:39", "text": "You got a lot of good movers. Microsoft"}, {"start": "00:40:35", "end": "00:40:39", "text": "starting moving for some reason."}, {"start": "00:40:44", "end": "00:40:49", "text": "And all these could be auto charted now."}, {"start": "00:40:46", "end": "00:40:51", "text": "So, in case you want to learn about, I"}, {"start": "00:40:49", "end": "00:40:54", "text": "don't know, Nvidia, if you hit the"}, {"start": "00:40:51", "end": "00:40:55", "text": "chart, it will auto chart for you."}, {"start": "00:40:54", "end": "00:40:58", "text": "So,"}, {"start": "00:40:55", "end": "00:41:01", "text": "the AI charts work for both."}, {"start": "00:40:58", "end": "00:41:01", "text": "It's kind of cool."}, {"start": "00:41:02", "end": "00:41:07", "text": "And you could ask for the ask AI for a"}, {"start": "00:41:05", "end": "00:41:10", "text": "bull and bear read, which should be"}, {"start": "00:41:07", "end": "00:41:10", "text": "working."}, {"start": "00:41:12", "end": "00:41:16", "text": "Well, that previous one was still stuck"}, {"start": "00:41:14", "end": "00:41:19", "text": "for hype."}, {"start": "00:41:16", "end": "00:41:21", "text": "I got to fix that. Some somehow hype is"}, {"start": "00:41:19", "end": "00:41:24", "text": "is breaking that."}, {"start": "00:41:21", "end": "00:41:24", "text": "Well, MU comes up."}, {"start": "00:41:26", "end": "00:41:33", "text": "Bear case, 87% run in a month is"}, {"start": "00:41:29", "end": "00:41:33", "text": "exhaustion fuel, not foundation."}, {"start": "00:41:34", "end": "00:41:38", "text": "That's pretty much all the AI plays."}, {"start": "00:41:36", "end": "00:41:39", "text": "It's like they're up so much in a month,"}, {"start": "00:41:38", "end": "00:41:43", "text": "you got to watch out because if it"}, {"start": "00:41:39", "end": "00:41:45", "text": "crashes, it's going to crash hard."}, {"start": "00:41:43", "end": "00:41:47", "text": "Key risks, earnings beat or miss, and"}, {"start": "00:41:45", "end": "00:41:49", "text": "memory pricing, power how if guidance"}, {"start": "00:41:47", "end": "00:41:52", "text": "signals margin compression from supply"}, {"start": "00:41:49", "end": "00:41:53", "text": "normalization, the rally collapses."}, {"start": "00:41:52", "end": "00:41:55", "text": "Watch gross margin trends and forward"}, {"start": "00:41:53", "end": "00:41:57", "text": "demand signals from hyperscale in the"}, {"start": "00:41:55", "end": "00:41:58", "text": "next two quarters. Although, I don't"}, {"start": "00:41:57", "end": "00:41:59", "text": "think that's going to be a problem"}, {"start": "00:41:58", "end": "00:42:03", "text": "because"}, {"start": "00:41:59", "end": "00:42:05", "text": "AI companies continue to grow."}, {"start": "00:42:03", "end": "00:42:05", "text": ">> [snorts]"}, {"start": "00:42:09", "end": "00:42:13", "text": ">> Will there be ads"}, {"start": "00:42:11", "end": "00:42:15", "text": "on Ask Bash? No."}, {"start": "00:42:13", "end": "00:42:17", "text": "Like traditional banner ads, like you"}, {"start": "00:42:15", "end": "00:42:18", "text": "what you see on like CoinMarketCap and"}, {"start": "00:42:17", "end": "00:42:21", "text": "stuff? No."}, {"start": "00:42:18", "end": "00:42:22", "text": "I always hated banner ads."}, {"start": "00:42:21", "end": "00:42:24", "text": "Um"}, {"start": "00:42:22", "end": "00:42:27", "text": "they just don't make any sense."}, {"start": "00:42:24", "end": "00:42:29", "text": "Sponsorships? Yeah. Sponsorships"}, {"start": "00:42:27", "end": "00:42:31", "text": "definitely. But subscription"}, {"start": "00:42:29", "end": "00:42:33", "text": "is going to be the next thing."}, {"start": "00:42:31", "end": "00:42:36", "text": "But before that, I'm going to create"}, {"start": "00:42:33", "end": "00:42:39", "text": "some AI agents for people to use."}, {"start": "00:42:36", "end": "00:42:42", "text": "Agents are actually useful and can be"}, {"start": "00:42:39", "end": "00:42:43", "text": "used uh beyond just what the search is."}, {"start": "00:42:42", "end": "00:42:45", "text": "So you could tell the agent, like,"}, {"start": "00:42:43", "end": "00:42:48", "text": "\"Okay, set up a schedule to check a"}, {"start": "00:42:45", "end": "00:42:51", "text": "certain thing or check CoinMarketCap or"}, {"start": "00:42:48", "end": "00:42:52", "text": "check charts to tell me when something"}, {"start": "00:42:51", "end": "00:42:54", "text": "hits and stuff like that.\" It will be"}, {"start": "00:42:52", "end": "00:42:56", "text": "able to create real things for you"}, {"start": "00:42:54", "end": "00:42:57", "text": "outside of what the platform has"}, {"start": "00:42:56", "end": "00:43:00", "text": "already."}, {"start": "00:42:57", "end": "00:43:03", "text": "Um"}, {"start": "00:43:00", "end": "00:43:04", "text": "so I'm going to work on agents next. And"}, {"start": "00:43:03", "end": "00:43:06", "text": "I think a lot of people will be blown"}, {"start": "00:43:04", "end": "00:43:08", "text": "away by what agents could do. They could"}, {"start": "00:43:06", "end": "00:43:10", "text": "do a lot."}, {"start": "00:43:08", "end": "00:43:12", "text": "It's just people don't realize that. So"}, {"start": "00:43:10", "end": "00:43:14", "text": "that's going to be the next thing, but"}, {"start": "00:43:12", "end": "00:43:16", "text": "subscriptions will come"}, {"start": "00:43:14", "end": "00:43:16", "text": "soon enough."}, {"start": "00:43:36", "end": "00:43:40", "text": "Andy, no. You can use Clash for"}, {"start": "00:43:39", "end": "00:43:43", "text": "discounts, but not for paying for"}, {"start": "00:43:40", "end": "00:43:43", "text": "subscriptions."}, {"start": "00:43:45", "end": "00:43:49", "text": "The whole point is to generate revenue"}, {"start": "00:43:47", "end": "00:43:53", "text": "to buy Clash with. Can't generate"}, {"start": "00:43:49", "end": "00:43:55", "text": "revenue with Clash."}, {"start": "00:43:53", "end": "00:43:56", "text": "So"}, {"start": "00:43:55", "end": "00:43:58", "text": "Clash holders will get substantial"}, {"start": "00:43:56", "end": "00:44:01", "text": "discount. That's going to be a biggest"}, {"start": "00:43:58", "end": "00:44:03", "text": "thing. Um but generate revenue is"}, {"start": "00:44:01", "end": "00:44:07", "text": "definitely what I want. That's how you"}, {"start": "00:44:03", "end": "00:44:08", "text": "go sustain the site, how you grow."}, {"start": "00:44:07", "end": "00:44:10", "text": "And then also how you can use that"}, {"start": "00:44:08", "end": "00:44:11", "text": "revenue, like kind of like what hype is"}, {"start": "00:44:10", "end": "00:44:13", "text": "doing,"}, {"start": "00:44:11", "end": "00:44:15", "text": "to buy the token and generate buy"}, {"start": "00:44:13", "end": "00:44:18", "text": "pressure. That's the only way it's going"}, {"start": "00:44:15", "end": "00:44:18", "text": "to work."}, {"start": "00:44:43", "end": "00:44:48", "text": "Is Web3 still thing with crypto?"}, {"start": "00:44:48", "end": "00:44:52", "text": "I think you're confused. Web3 is crypto."}, {"start": "00:44:53", "end": "00:44:58", "text": "There is no Web3 without crypto."}, {"start": "00:44:55", "end": "00:45:01", "text": "Everything else is like Web2.5."}, {"start": "00:44:58", "end": "00:45:04", "text": "There is no Web3. There's no web"}, {"start": "00:45:01", "end": "00:45:07", "text": "four that's not crypto. Anything that"}, {"start": "00:45:04", "end": "00:45:10", "text": "deals with crypto in some way, whether"}, {"start": "00:45:07", "end": "00:45:12", "text": "it's a ledger, a wallet,"}, {"start": "00:45:10", "end": "00:45:16", "text": "a token, a coin,"}, {"start": "00:45:12", "end": "00:45:16", "text": "it's all Web3."}, {"start": "00:45:37", "end": "00:45:40", "text": "Do you think Jane Street is still"}, {"start": "00:45:38", "end": "00:45:42", "text": "manipulating at this point? I don't"}, {"start": "00:45:40", "end": "00:45:43", "text": "know. I don't think so, considering"}, {"start": "00:45:42", "end": "00:45:44", "text": "they're getting"}, {"start": "00:45:43", "end": "00:45:46", "text": "sued"}, {"start": "00:45:44", "end": "00:45:50", "text": "and they're a lot of bad press on them,"}, {"start": "00:45:46", "end": "00:45:51", "text": "so I don't think so, but who knows."}, {"start": "00:45:50", "end": "00:45:53", "text": "Who knows? Sometimes you just don't"}, {"start": "00:45:51", "end": "00:45:55", "text": "know."}, {"start": "00:45:53", "end": "00:45:57", "text": "It could be insider. It could be a group"}, {"start": "00:45:55", "end": "00:45:59", "text": "of people."}, {"start": "00:45:57", "end": "00:46:01", "text": "But it takes a lot to suppress. I think"}, {"start": "00:45:59", "end": "00:46:02", "text": "it's more"}, {"start": "00:46:01", "end": "00:46:04", "text": "just market makers still doing their"}, {"start": "00:46:02", "end": "00:46:06", "text": "thing, clearing out leverage."}, {"start": "00:46:04", "end": "00:46:09", "text": "Obviously, a lot of money being diverted"}, {"start": "00:46:06", "end": "00:46:12", "text": "away because AI is so hot. And plus, we"}, {"start": "00:46:09", "end": "00:46:14", "text": "still have geopolitical stuff like"}, {"start": "00:46:12", "end": "00:46:16", "text": "the Middle East situation, oil, and all"}, {"start": "00:46:14", "end": "00:46:19", "text": "that stuff."}, {"start": "00:46:16", "end": "00:46:22", "text": "All that needs to be cleared up, right?"}, {"start": "00:46:19", "end": "00:46:25", "text": "Um so, we still got a lot of these like"}, {"start": "00:46:22", "end": "00:46:25", "text": "tailwind stuff happening."}, {"start": "00:47:00", "end": "00:47:05", "text": "Is this crypto spring? That's a good"}, {"start": "00:47:05", "end": "00:47:11", "text": "term. But yes, that's exactly what it"}, {"start": "00:47:08", "end": "00:47:14", "text": "is. We're not in winter anymore. We're"}, {"start": "00:47:11", "end": "00:47:17", "text": "in spring, where it's kind of just"}, {"start": "00:47:14", "end": "00:47:19", "text": "dull and boring and in this"}, {"start": "00:47:17", "end": "00:47:21", "text": "consolidation period."}, {"start": "00:47:19", "end": "00:47:23", "text": "I mean, people just don't realize that"}, {"start": "00:47:21", "end": "00:47:24", "text": "crypto winters usually last a lot longer"}, {"start": "00:47:23", "end": "00:47:26", "text": "than this."}, {"start": "00:47:24", "end": "00:47:28", "text": "Usually, crypto winters last like a year"}, {"start": "00:47:26", "end": "00:47:30", "text": "and a half to 2 years."}, {"start": "00:47:28", "end": "00:47:33", "text": "So,"}, {"start": "00:47:30", "end": "00:47:36", "text": "I mean, just think about it,"}, {"start": "00:47:33", "end": "00:47:38", "text": "right? We're We're probably 6 months"}, {"start": "00:47:36", "end": "00:47:40", "text": "down"}, {"start": "00:47:38", "end": "00:47:42", "text": "from 6 7 months down from like December"}, {"start": "00:47:40", "end": "00:47:44", "text": "or November."}, {"start": "00:47:42", "end": "00:47:46", "text": "It's certainly not 2 years. And we've"}, {"start": "00:47:44", "end": "00:47:49", "text": "already found a base and we started"}, {"start": "00:47:46", "end": "00:47:52", "text": "recovering up. So, it's way faster than"}, {"start": "00:47:49", "end": "00:47:54", "text": "any previous crypto winter. So, yes,"}, {"start": "00:47:52", "end": "00:47:55", "text": "we're in spring,"}, {"start": "00:47:54", "end": "00:47:57", "text": "at least for crypto, and it hasn't gone"}, {"start": "00:47:55", "end": "00:47:59", "text": "up yet. I think"}, {"start": "00:47:57", "end": "00:48:02", "text": "obviously"}, {"start": "00:47:59", "end": "00:48:04", "text": "as the US market continues to go up"}, {"start": "00:48:02", "end": "00:48:06", "text": "and some of these other things happen"}, {"start": "00:48:04", "end": "00:48:07", "text": "and they become catalysts then money's"}, {"start": "00:48:06", "end": "00:48:10", "text": "going to start flowing in and that's"}, {"start": "00:48:07", "end": "00:48:14", "text": "when it becomes hot again. Then it's"}, {"start": "00:48:10", "end": "00:48:15", "text": "crypto summer, I guess. Um"}, {"start": "00:48:14", "end": "00:48:17", "text": "That's exactly right."}, {"start": "00:48:15", "end": "00:48:20", "text": "I mean, but like right now you just got"}, {"start": "00:48:17", "end": "00:48:22", "text": "to withstand it. You got to keep going."}, {"start": "00:48:20", "end": "00:48:25", "text": "Right? There's nothing wrong with being"}, {"start": "00:48:22", "end": "00:48:27", "text": "diversified at this point, okay? I think"}, {"start": "00:48:25", "end": "00:48:29", "text": "that's the other thing, too."}, {"start": "00:48:27", "end": "00:48:30", "text": "I think most of you guys"}, {"start": "00:48:29", "end": "00:48:33", "text": "are seasoned professionals. You're not"}, {"start": "00:48:30", "end": "00:48:35", "text": "like teenagers."}, {"start": "00:48:33", "end": "00:48:37", "text": "Everyone watching is between the age of"}, {"start": "00:48:35", "end": "00:48:41", "text": "like 25 and"}, {"start": "00:48:37", "end": "00:48:43", "text": "plus, like 25 to 55 is the demographics."}, {"start": "00:48:41", "end": "00:48:44", "text": "A lot of you guys are much older."}, {"start": "00:48:43", "end": "00:48:48", "text": ">> [snorts]"}, {"start": "00:48:44", "end": "00:48:50", "text": ">> Like obviously you guys have other means"}, {"start": "00:48:48", "end": "00:48:53", "text": "to invest, right? So, I think this is"}, {"start": "00:48:50", "end": "00:48:55", "text": "like one of those times right now."}, {"start": "00:48:53", "end": "00:48:58", "text": "Yes. If you have"}, {"start": "00:48:55", "end": "00:48:59", "text": "like me, almost everything is in crypto."}, {"start": "00:48:58", "end": "00:49:01", "text": "But"}, {"start": "00:48:59", "end": "00:49:02", "text": "you can also diversify and make money"}, {"start": "00:49:01", "end": "00:49:03", "text": "that way, too. Right?"}, {"start": "00:49:02", "end": "00:49:06", "text": ">> [snorts]"}, {"start": "00:49:03", "end": "00:49:06", "text": ">> So"}, {"start": "00:49:06", "end": "00:49:11", "text": "I've always said, you know, I dabble"}, {"start": "00:49:08", "end": "00:49:13", "text": "like last year I started dabbling into"}, {"start": "00:49:11", "end": "00:49:15", "text": "stocks and options and stuff like that."}, {"start": "00:49:13", "end": "00:49:19", "text": "I made a good amount from last year's"}, {"start": "00:49:15", "end": "00:49:22", "text": "rise of like April to"}, {"start": "00:49:19", "end": "00:49:23", "text": "to like November-ish, December-ish. And"}, {"start": "00:49:22", "end": "00:49:25", "text": "then everything crashed down,"}, {"start": "00:49:23", "end": "00:49:26", "text": "unfortunately, and I was stupid and not"}, {"start": "00:49:25", "end": "00:49:28", "text": "held everything, but"}, {"start": "00:49:26", "end": "00:49:29", "text": "I think it's going to be the same thing."}, {"start": "00:49:28", "end": "00:49:32", "text": "Like"}, {"start": "00:49:29", "end": "00:49:35", "text": "got to ride the AI wave upwards."}, {"start": "00:49:32", "end": "00:49:36", "text": "Continue to hold a Bitcoin DCA while you"}, {"start": "00:49:35", "end": "00:49:38", "text": "can."}, {"start": "00:49:36", "end": "00:49:39", "text": "While things are down and wait for"}, {"start": "00:49:38", "end": "00:49:43", "text": "conditions to improve. I think that's"}, {"start": "00:49:39", "end": "00:49:43", "text": "the best strategy."}, {"start": "00:49:51", "end": "00:49:56", "text": "I did hear about that Trump $250 bill. I"}, {"start": "00:49:54", "end": "00:49:59", "text": "was hoping that that's actually fake. I"}, {"start": "00:49:56", "end": "00:50:01", "text": "at least the picture posted is fake."}, {"start": "00:49:59", "end": "00:50:04", "text": "Hopefully, because it looks so cringe,"}, {"start": "00:50:01", "end": "00:50:08", "text": "but he might actually do it. Why a 250"}, {"start": "00:50:04", "end": "00:50:11", "text": "bill? Why not a $200 bill? 250, the 50"}, {"start": "00:50:08", "end": "00:50:11", "text": "just makes it seem off."}, {"start": "00:50:13", "end": "00:50:17", "text": "And how many people actually use that"}, {"start": "00:50:15", "end": "00:50:20", "text": "much cash these days? Like, where are"}, {"start": "00:50:17", "end": "00:50:22", "text": "you going to be using to pay"}, {"start": "00:50:20", "end": "00:50:27", "text": "with a $250 bill? Most people just use"}, {"start": "00:50:22", "end": "00:50:29", "text": "their credit card at that point. Um"}, {"start": "00:50:27", "end": "00:50:30", "text": "or Apple Pay or something. So, I don't"}, {"start": "00:50:29", "end": "00:50:33", "text": "know. It's kind of weird, this whole"}, {"start": "00:50:30", "end": "00:50:33", "text": "thing."}, {"start": "00:50:34", "end": "00:50:38", "text": "Oh, 250th anniversary of US. I didn't"}, {"start": "00:50:37", "end": "00:50:44", "text": "pick that up, but that makes sense. But"}, {"start": "00:50:38", "end": "00:50:44", "text": "still, we don't need another $250 bill."}, {"start": "00:50:46", "end": "00:50:51", "text": "Hardly anyone keeps 100s in their"}, {"start": "00:50:48", "end": "00:50:54", "text": "wallets anymore, so it's like"}, {"start": "00:50:51", "end": "00:50:56", "text": "Yeah. Maybe it's a limited time thing."}, {"start": "00:50:54", "end": "00:50:56", "text": ">> [laughter]"}, {"start": "00:50:56", "end": "00:50:59", "text": "[gasps]"}, {"start": "00:50:56", "end": "00:51:02", "text": ">> Make a limited edition, limited release"}, {"start": "00:50:59", "end": "00:51:03", "text": "of 250 bills."}, {"start": "00:51:02", "end": "00:51:04", "text": "And"}, {"start": "00:51:03", "end": "00:51:06", "text": "uh"}, {"start": "00:51:04", "end": "00:51:09", "text": "and if you grab one, it could be worth a"}, {"start": "00:51:06", "end": "00:51:09", "text": "lot more in the future."}, {"start": "00:51:31", "end": "00:51:36", "text": "Precious metals? No."}, {"start": "00:51:33", "end": "00:51:38", "text": "No, it's coming down. Gold and silver"}, {"start": "00:51:36", "end": "00:51:40", "text": "are coming down from the peak and really"}, {"start": "00:51:38", "end": "00:51:42", "text": "haven't recovered. And you're going to"}, {"start": "00:51:40", "end": "00:51:44", "text": "see more rotation out."}, {"start": "00:51:42", "end": "00:51:46", "text": "You're already seeing it. The rotation"}, {"start": "00:51:44", "end": "00:51:47", "text": "is moving into stocks, so it's not going"}, {"start": "00:51:46", "end": "00:51:49", "text": "to"}, {"start": "00:51:47", "end": "00:51:52", "text": "it's not going to help gold and silver"}, {"start": "00:51:49", "end": "00:51:54", "text": "anymore."}, {"start": "00:51:52", "end": "00:51:56", "text": "And neither one should have climbed that"}, {"start": "00:51:54", "end": "00:51:59", "text": "much last year."}, {"start": "00:51:56", "end": "00:52:01", "text": "It was just a crazy It was a crazy"}, {"start": "00:51:59", "end": "00:52:02", "text": "situation. It shouldn't have never gone"}, {"start": "00:52:01", "end": "00:52:04", "text": "up that much, but"}, {"start": "00:52:02", "end": "00:52:06", "text": "but"}, {"start": "00:52:04", "end": "00:52:08", "text": "that's a good reminder of what can"}, {"start": "00:52:06", "end": "00:52:10", "text": "happen"}, {"start": "00:52:08", "end": "00:52:13", "text": "or will happen, I should say, to Bitcoin"}, {"start": "00:52:10", "end": "00:52:14", "text": "and crypto and Bitcoin and ETH."}, {"start": "00:52:13", "end": "00:52:17", "text": "Um"}, {"start": "00:52:14", "end": "00:52:19", "text": "because when when FOMO hits"}, {"start": "00:52:17", "end": "00:52:22", "text": "money flows in hard."}, {"start": "00:52:19", "end": "00:52:24", "text": "And gold being at however big, whatever"}, {"start": "00:52:22", "end": "00:52:27", "text": "the market cap is, like 20 trillion, if"}, {"start": "00:52:24", "end": "00:52:30", "text": "it could still move that much even at"}, {"start": "00:52:27", "end": "00:52:32", "text": "the that kind of"}, {"start": "00:52:30", "end": "00:52:34", "text": "valuation"}, {"start": "00:52:32", "end": "00:52:37", "text": "think about that rotation to Bitcoin"}, {"start": "00:52:34", "end": "00:52:39", "text": "what it's going to do. Easily push us"}, {"start": "00:52:37", "end": "00:52:41", "text": "to new highs."}, {"start": "00:52:39", "end": "00:52:44", "text": "Right? So, it's a good actually reminder"}, {"start": "00:52:41", "end": "00:52:44", "text": "to think about that."}, {"start": "00:52:59", "end": "00:53:02", "text": "I got to make this refresh."}, {"start": "00:53:01", "end": "00:53:03", "text": ">> [snorts]"}, {"start": "00:53:02", "end": "00:53:07", "text": ">> Seems like it doesn't auto refresh. I'm"}, {"start": "00:53:03", "end": "00:53:07", "text": "going to get that fixed."}, {"start": "00:53:14", "end": "00:53:20", "text": "What are cyber metals? I have no idea."}, {"start": "00:53:16", "end": "00:53:20", "text": "No idea what cyber metals are."}, {"start": "00:53:23", "end": "00:53:28", "text": "You couldn't sell the physical for 40%"}, {"start": "00:53:25", "end": "00:53:28", "text": "of spot. Yeah, I mean"}, {"start": "00:53:29", "end": "00:53:37", "text": "there was definitely a big gap between"}, {"start": "00:53:34", "end": "00:53:38", "text": "paper prices of gold and"}, {"start": "00:53:37", "end": "00:53:40", "text": "real gold."}, {"start": "00:53:38", "end": "00:53:42", "text": ">> [snorts]"}, {"start": "00:53:40", "end": "00:53:44", "text": ">> Uh"}, {"start": "00:53:42", "end": "00:53:46", "text": "you know, that is kind of weird how that"}, {"start": "00:53:44", "end": "00:53:46", "text": "works."}, {"start": "00:53:54", "end": "00:53:58", "text": "Anyways,"}, {"start": "00:53:56", "end": "00:54:01", "text": "I think that's pretty much it."}, {"start": "00:53:58", "end": "00:54:03", "text": "Uh Spurs won yesterday, so I'm glad to"}, {"start": "00:54:01", "end": "00:54:06", "text": "see that. I don't want to see OKC win,"}, {"start": "00:54:03", "end": "00:54:08", "text": "so they close them out in game seven"}, {"start": "00:54:06", "end": "00:54:09", "text": "and play the Knicks."}, {"start": "00:54:08", "end": "00:54:11", "text": "I think the Knicks are done."}, {"start": "00:54:09", "end": "00:54:14", "text": "I don't think the Knicks have a chance."}, {"start": "00:54:11", "end": "00:54:16", "text": "Um"}, {"start": "00:54:14", "end": "00:54:18", "text": "but we'll see if they can get past the"}, {"start": "00:54:16", "end": "00:54:20", "text": "flopping OKC. I think that's probably"}, {"start": "00:54:18", "end": "00:54:24", "text": "this weekend."}, {"start": "00:54:20", "end": "00:54:26", "text": "Uh other than that, hang strong. Hang in"}, {"start": "00:54:24", "end": "00:54:29", "text": "there, guys."}, {"start": "00:54:26", "end": "00:54:30", "text": "Okay? I know that right now"}, {"start": "00:54:29", "end": "00:54:33", "text": "with"}, {"start": "00:54:30", "end": "00:54:36", "text": "the market doing well, people are"}, {"start": "00:54:33", "end": "00:54:38", "text": "frustrated. Why is in crypto following?"}, {"start": "00:54:36", "end": "00:54:39", "text": "It's usually a precursor. That's what"}, {"start": "00:54:38", "end": "00:54:43", "text": "happens."}, {"start": "00:54:39", "end": "00:54:47", "text": "Okay? That's what happens before we"}, {"start": "00:54:43", "end": "00:54:49", "text": "start coming up. And now we got CME"}, {"start": "00:54:47", "end": "00:54:52", "text": "launching 24/7 futures. We no longer"}, {"start": "00:54:49", "end": "00:54:54", "text": "have to worry about future gaps."}, {"start": "00:54:52", "end": "00:54:57", "text": "Or CME gaps, I should say."}, {"start": "00:54:54", "end": "00:54:59", "text": "Uh so"}, {"start": "00:54:57", "end": "00:55:02", "text": "that's good."}, {"start": "00:54:59", "end": "00:55:06", "text": "And we got a lot of calluses coming up."}, {"start": "00:55:02", "end": "00:55:08", "text": "Right? So, stay strong, my friends."}, {"start": "00:55:06", "end": "00:55:10", "text": "I know it could be dark. It could be"}, {"start": "00:55:08", "end": "00:55:12", "text": "scary. It could be boring. It could be"}, {"start": "00:55:10", "end": "00:55:14", "text": "fuddish, but you we will get through"}, {"start": "00:55:12", "end": "00:55:16", "text": "this together. All right?"}, {"start": "00:55:14", "end": "00:55:21", "text": "Smash the like. Subscribe to the"}, {"start": "00:55:16", "end": "00:55:21", "text": "channel. Take care, guys. Bye-bye."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Welcome back, guys. So, right now is one"}, {"start": "00:00:04", "end": "00:00:11", "text": "of those times where"}, {"start": "00:00:06", "end": "00:00:13", "text": "the weak hands are being filtered out"}, {"start": "00:00:11", "end": "00:00:15", "text": "from the strong hands. So, I know a lot"}, {"start": "00:00:13", "end": "00:00:17", "text": "of people are quite depressed about the"}, {"start": "00:00:15", "end": "00:00:20", "text": "recent price action of Bitcoin and"}, {"start": "00:00:17", "end": "00:00:23", "text": "crypto, but there are a lot of good"}, {"start": "00:00:20", "end": "00:00:25", "text": "things happening. You just have to pay"}, {"start": "00:00:23", "end": "00:00:27", "text": "attention. So, let's look at some of"}, {"start": "00:00:25", "end": "00:00:31", "text": "these great things"}, {"start": "00:00:27", "end": "00:00:36", "text": "geopolitically, macrowise, also"}, {"start": "00:00:31", "end": "00:00:39", "text": "regulatory, and some things that you may"}, {"start": "00:00:36", "end": "00:00:41", "text": "not be thinking about. All right, so"}, {"start": "00:00:39", "end": "00:00:43", "text": "right now, Bitcoin is slightly under"}, {"start": "00:00:41", "end": "00:00:46", "text": "yesterday's price at this point, right"}, {"start": "00:00:43", "end": "00:00:48", "text": "under 74,000. And that is actually"}, {"start": "00:00:46", "end": "00:00:50", "text": "pretty good because this morning we were"}, {"start": "00:00:48", "end": "00:00:53", "text": "a little bit lower. So, this is on a"}, {"start": "00:00:50", "end": "00:00:56", "text": "smaller time frame, the 15-minute, but"}, {"start": "00:00:53", "end": "00:01:01", "text": "you can see MACD's flipping above. We"}, {"start": "00:00:56", "end": "00:01:03", "text": "are now holding above this 50 MA, right?"}, {"start": "00:01:01", "end": "00:01:08", "text": "And we're utilizing it as sort of a"}, {"start": "00:01:03", "end": "00:01:10", "text": "support as we climb higher. So, that is"}, {"start": "00:01:08", "end": "00:01:12", "text": "good. We're forming a base. We're not"}, {"start": "00:01:10", "end": "00:01:15", "text": "heading any lower. Obviously, we're"}, {"start": "00:01:12", "end": "00:01:19", "text": "still lower than the 7576 that we were"}, {"start": "00:01:15", "end": "00:01:22", "text": "at before, but it does show that there"}, {"start": "00:01:19", "end": "00:01:24", "text": "is strength. We're not just falling and"}, {"start": "00:01:22", "end": "00:01:25", "text": "falling and falling and falling. Now,"}, {"start": "00:01:24", "end": "00:01:29", "text": "what are these good things that can"}, {"start": "00:01:25", "end": "00:01:32", "text": "drive us higher? Well,"}, {"start": "00:01:29", "end": "00:01:34", "text": "Asian markets, okay, yesterday sold off"}, {"start": "00:01:32", "end": "00:01:38", "text": "because they were afraid that the war"}, {"start": "00:01:34", "end": "00:01:40", "text": "was going to escalate. But today"}, {"start": "00:01:38", "end": "00:01:43", "text": "it looks like it may be coming to an"}, {"start": "00:01:40", "end": "00:01:46", "text": "end. Um even though Iran launched"}, {"start": "00:01:43", "end": "00:01:48", "text": "missiles and it doesn't really say where"}, {"start": "00:01:46", "end": "00:01:52", "text": "they're just launching missiles, but the"}, {"start": "00:01:48", "end": "00:01:55", "text": "proposal has been put in front of Trump."}, {"start": "00:01:52", "end": "00:01:58", "text": "Okay. So it looks like both sides have"}, {"start": "00:01:55", "end": "00:02:01", "text": "come to agreement and Trump is now"}, {"start": "00:01:58", "end": "00:02:05", "text": "deciding whether or not to pause the war"}, {"start": "00:02:01", "end": "00:02:07", "text": "for two months. So it it's like the next"}, {"start": "00:02:05", "end": "00:02:10", "text": "best thing I guess, right? Uh it's"}, {"start": "00:02:07", "end": "00:02:12", "text": "better than this ongoing thing where"}, {"start": "00:02:10", "end": "00:02:14", "text": "every other day we hear about, okay,"}, {"start": "00:02:12", "end": "00:02:16", "text": "there's a launch, there's an attack,"}, {"start": "00:02:14", "end": "00:02:20", "text": "there's a something else that's going"}, {"start": "00:02:16", "end": "00:02:22", "text": "on. So I guess this proposal does pause"}, {"start": "00:02:20", "end": "00:02:25", "text": "things for two months, but basically"}, {"start": "00:02:22", "end": "00:02:31", "text": "it's setting terms to end the war and"}, {"start": "00:02:25", "end": "00:02:33", "text": "end it soon, right? So this is"}, {"start": "00:02:31", "end": "00:02:36", "text": "being decided and maybe maybe by"}, {"start": "00:02:33", "end": "00:02:38", "text": "tomorrow we get an answer. So obviously"}, {"start": "00:02:36", "end": "00:02:41", "text": "right now this is one of the biggest"}, {"start": "00:02:38", "end": "00:02:43", "text": "things holding us back right now. It's"}, {"start": "00:02:41", "end": "00:02:46", "text": "not the only thing."}, {"start": "00:02:43", "end": "00:02:49", "text": "It's not the only thing but it is one of"}, {"start": "00:02:46", "end": "00:02:50", "text": "the major things that's happening. Now"}, {"start": "00:02:49", "end": "00:02:52", "text": "what are the other things that are"}, {"start": "00:02:50", "end": "00:02:54", "text": "holding us back? What's really testing"}, {"start": "00:02:52", "end": "00:02:58", "text": "us right now? Well I covered it this"}, {"start": "00:02:54", "end": "00:03:03", "text": "morning. If you look, we had a pretty"}, {"start": "00:02:58", "end": "00:03:05", "text": "bad outflow. Okay. Um, yesterday and"}, {"start": "00:03:03", "end": "00:03:09", "text": "basically the entire week, we've been"}, {"start": "00:03:05", "end": "00:03:11", "text": "having bad outflows. Although, if you"}, {"start": "00:03:09", "end": "00:03:13", "text": "look at the last 90 days, we are still"}, {"start": "00:03:11", "end": "00:03:15", "text": "up by 1.22 billion. But still, right"}, {"start": "00:03:13", "end": "00:03:18", "text": "now, there are a lot of weak hands"}, {"start": "00:03:15", "end": "00:03:21", "text": "leaving. And even with stable coins, if"}, {"start": "00:03:18", "end": "00:03:24", "text": "you look at the one day change, I missed"}, {"start": "00:03:21", "end": "00:03:29", "text": "this, but 1.44 44 billion in stable"}, {"start": "00:03:24", "end": "00:03:32", "text": "coins that came out. Okay, so obviously"}, {"start": "00:03:29", "end": "00:03:37", "text": "you do have some money leaving crypto"}, {"start": "00:03:32", "end": "00:03:41", "text": "right now. And on top of that, we had a"}, {"start": "00:03:37", "end": "00:03:44", "text": "Bitcoin long flush. It was close to like"}, {"start": "00:03:41", "end": "00:03:47", "text": "600 700 million in the last 24 hours."}, {"start": "00:03:44", "end": "00:03:49", "text": "Has come down a little bit. But you"}, {"start": "00:03:47", "end": "00:03:52", "text": "combine all these things, okay? You have"}, {"start": "00:03:49", "end": "00:03:54", "text": "some manipulation that caused a whole"}, {"start": "00:03:52", "end": "00:03:56", "text": "bunch of longs to be shorted. You have"}, {"start": "00:03:54", "end": "00:04:00", "text": "some outflows. There are definitely"}, {"start": "00:03:56", "end": "00:04:02", "text": "people taking some money out, right? And"}, {"start": "00:04:00", "end": "00:04:07", "text": "we still have geopolitical stuff to"}, {"start": "00:04:02", "end": "00:04:09", "text": "worry about. All this compounded is what"}, {"start": "00:04:07", "end": "00:04:13", "text": "is keeping Bitcoin down, keeping crypto"}, {"start": "00:04:09", "end": "00:04:18", "text": "weak, and why so many people are fearful"}, {"start": "00:04:13", "end": "00:04:20", "text": "right now, right? and losing hope. But"}, {"start": "00:04:18", "end": "00:04:23", "text": "again, this is one of those times, like"}, {"start": "00:04:20", "end": "00:04:26", "text": "I said, we're basically clearing out the"}, {"start": "00:04:23", "end": "00:04:28", "text": "weak hands from the strong hands, from"}, {"start": "00:04:26", "end": "00:04:33", "text": "the ones that believe, the ones that"}, {"start": "00:04:28", "end": "00:04:35", "text": "have been in the cycle for a long time."}, {"start": "00:04:33", "end": "00:04:39", "text": "Well, not this cycle, but many cycles"}, {"start": "00:04:35", "end": "00:04:41", "text": "before it. So, obviously,"}, {"start": "00:04:39", "end": "00:04:45", "text": "um, we're being tested right now, right?"}, {"start": "00:04:41", "end": "00:04:48", "text": "And what makes it worse, I know, is"}, {"start": "00:04:45", "end": "00:04:51", "text": "stock markets are going up through the"}, {"start": "00:04:48", "end": "00:04:53", "text": "roof. Okay, this is what the US stock"}, {"start": "00:04:51", "end": "00:04:58", "text": "market looks like ever since it fell"}, {"start": "00:04:53", "end": "00:05:02", "text": "down in April. A huge recovery upwards."}, {"start": "00:04:58", "end": "00:05:06", "text": "So, one of the things that may be adding"}, {"start": "00:05:02", "end": "00:05:11", "text": "to the frustration is stocks, especially"}, {"start": "00:05:06", "end": "00:05:14", "text": "AI, are pumping like crazy, but not"}, {"start": "00:05:11", "end": "00:05:18", "text": "crypto, right? And I get that. I get it."}, {"start": "00:05:14", "end": "00:05:21", "text": "And by the way, on the pro charts in the"}, {"start": "00:05:18", "end": "00:05:26", "text": "ass clash, I have updated this so this"}, {"start": "00:05:21", "end": "00:05:29", "text": "sidebar can now be shrunken or made"}, {"start": "00:05:26", "end": "00:05:31", "text": "bigger. And the watch list is now a"}, {"start": "00:05:29", "end": "00:05:34", "text": "whole lot better. You can move it up and"}, {"start": "00:05:31", "end": "00:05:38", "text": "down and you can track all your crypto"}, {"start": "00:05:34", "end": "00:05:42", "text": "and stocks all in one. And everything"}, {"start": "00:05:38", "end": "00:05:44", "text": "is really really nice. But as you can"}, {"start": "00:05:42", "end": "00:05:46", "text": "see, my point is this. If you go down,"}, {"start": "00:05:44", "end": "00:05:51", "text": "you look at the stocks, stocks are"}, {"start": "00:05:46", "end": "00:05:53", "text": "crazy, right? All green. All not only"}, {"start": "00:05:51", "end": "00:05:56", "text": "green, but really green. But crypto is"}, {"start": "00:05:53", "end": "00:05:58", "text": "still for the most part down, right? So"}, {"start": "00:05:56", "end": "00:06:00", "text": "that's adding to frustration."}, {"start": "00:05:58", "end": "00:06:04", "text": "But here's the thing. Here's where you"}, {"start": "00:06:00", "end": "00:06:07", "text": "look at things half glass full."}, {"start": "00:06:04", "end": "00:06:09", "text": "Stocks going up is a good thing. When"}, {"start": "00:06:07", "end": "00:06:11", "text": "people start making a lot of money in"}, {"start": "00:06:09", "end": "00:06:13", "text": "stocks, what do you think is going to"}, {"start": "00:06:11", "end": "00:06:16", "text": "happen? They try to diversify, right?"}, {"start": "00:06:13", "end": "00:06:18", "text": "They start moving money elsewhere."}, {"start": "00:06:16", "end": "00:06:21", "text": "So we have seen this before where stock"}, {"start": "00:06:18", "end": "00:06:25", "text": "rallies, market rallies have caused a"}, {"start": "00:06:21", "end": "00:06:27", "text": "lot of money shortly afterwards to flow"}, {"start": "00:06:25", "end": "00:06:30", "text": "into crypto."}, {"start": "00:06:27", "end": "00:06:32", "text": "So don't take this as a bad thing. Stock"}, {"start": "00:06:30", "end": "00:06:35", "text": "market going up is absolutely good"}, {"start": "00:06:32", "end": "00:06:37", "text": "thing. And you know what? Gold and"}, {"start": "00:06:35", "end": "00:06:41", "text": "silver are going down. And that usually"}, {"start": "00:06:37", "end": "00:06:43", "text": "happens when you have a rotation. When"}, {"start": "00:06:41", "end": "00:06:47", "text": "you have a rotation from riskoff assets"}, {"start": "00:06:43", "end": "00:06:50", "text": "to risk on assets, this is what happens,"}, {"start": "00:06:47", "end": "00:06:53", "text": "right? Even though gold and silver never"}, {"start": "00:06:50", "end": "00:06:57", "text": "should have gone up that much, they are"}, {"start": "00:06:53", "end": "00:07:01", "text": "both starting to fall. That bubble,"}, {"start": "00:06:57", "end": "00:07:03", "text": "both of their bubbles are popping."}, {"start": "00:07:01", "end": "00:07:06", "text": "Okay? So, you're having a rotation. You"}, {"start": "00:07:03", "end": "00:07:08", "text": "got a stock market that's blooming,"}, {"start": "00:07:06", "end": "00:07:10", "text": "that's very hot. Okay? And you have"}, {"start": "00:07:08", "end": "00:07:15", "text": "regulatory"}, {"start": "00:07:10", "end": "00:07:18", "text": "improvements like this where clarity act"}, {"start": "00:07:15", "end": "00:07:20", "text": "is going to happen and you got the"}, {"start": "00:07:18", "end": "00:07:22", "text": "treasury secretary, you got the SEC, you"}, {"start": "00:07:20", "end": "00:07:25", "text": "got Trump, you got everyone that says US"}, {"start": "00:07:22", "end": "00:07:27", "text": "should be home for crypto. What do you"}, {"start": "00:07:25", "end": "00:07:30", "text": "think is going to happen? Innovation is"}, {"start": "00:07:27", "end": "00:07:34", "text": "going to happen, right? We're going to"}, {"start": "00:07:30", "end": "00:07:36", "text": "have a lot more cryptobased projects,"}, {"start": "00:07:34", "end": "00:07:40", "text": "businesses,"}, {"start": "00:07:36", "end": "00:07:45", "text": "new DAPs, new uses for ledgers, stable"}, {"start": "00:07:40", "end": "00:07:48", "text": "coins, Bitcoin reserve, everything."}, {"start": "00:07:45", "end": "00:07:51", "text": "So, don't ignore this. Don't ignore"}, {"start": "00:07:48", "end": "00:07:54", "text": "this. Okay? And even though inflation is"}, {"start": "00:07:51", "end": "00:07:58", "text": "high right now,"}, {"start": "00:07:54", "end": "00:08:01", "text": "Walsh, he was appointed to lower rates."}, {"start": "00:07:58", "end": "00:08:03", "text": "Okay? No doubt about it and he's still"}, {"start": "00:08:01", "end": "00:08:07", "text": "thinking about and talking about it. So"}, {"start": "00:08:03", "end": "00:08:10", "text": "he is definitely going to change things"}, {"start": "00:08:07", "end": "00:08:13", "text": "now that Pal is no longer chair. So you"}, {"start": "00:08:10", "end": "00:08:15", "text": "don't want to be and I'm surprised by"}, {"start": "00:08:13", "end": "00:08:17", "text": "this by Mark Cuban. Mark Cuban says he"}, {"start": "00:08:15", "end": "00:08:20", "text": "dumped most of his Bitcoin that it lost"}, {"start": "00:08:17", "end": "00:08:22", "text": "a plot because gold started going up and"}, {"start": "00:08:20", "end": "00:08:25", "text": "Bitcoin started doing horrible and it's"}, {"start": "00:08:22", "end": "00:08:28", "text": "not acting like a store of value. But"}, {"start": "00:08:25", "end": "00:08:32", "text": "Mark Cuban has been in it long enough to"}, {"start": "00:08:28", "end": "00:08:35", "text": "know that every single crypto winter is"}, {"start": "00:08:32", "end": "00:08:37", "text": "the same thing. Prior before we didn't"}, {"start": "00:08:35", "end": "00:08:40", "text": "have institutions, of course, there was"}, {"start": "00:08:37", "end": "00:08:42", "text": "no strength. That's why we fell down 80s"}, {"start": "00:08:40", "end": "00:08:44", "text": "something%."}, {"start": "00:08:42", "end": "00:08:47", "text": "Right? But now we do have institutions."}, {"start": "00:08:44", "end": "00:08:49", "text": "We haven't fallen 80s something%."}, {"start": "00:08:47", "end": "00:08:53", "text": "Obviously, it's not as strong as gold"}, {"start": "00:08:49", "end": "00:08:56", "text": "yet, but we have made a lot of progress."}, {"start": "00:08:53", "end": "00:09:00", "text": "And when you have the Treasury Secretary"}, {"start": "00:08:56", "end": "00:09:05", "text": "urging the Clarity Act and the SEC and"}, {"start": "00:09:00", "end": "00:09:08", "text": "CFTC all pro gung-ho about innovation,"}, {"start": "00:09:05", "end": "00:09:11", "text": "this is not the right move. Right? This"}, {"start": "00:09:08", "end": "00:09:14", "text": "is why we're clearing out the weak hands"}, {"start": "00:09:11", "end": "00:09:17", "text": "from the strong ones,"}, {"start": "00:09:14", "end": "00:09:20", "text": "right? So that's why you guys got to"}, {"start": "00:09:17", "end": "00:09:23", "text": "stay in the game, stay focused. Even"}, {"start": "00:09:20", "end": "00:09:27", "text": "though this is not optimal, it's not the"}, {"start": "00:09:23", "end": "00:09:29", "text": "end of the world, we will come back"}, {"start": "00:09:27", "end": "00:09:32", "text": "stronger. Last thing I want to show you"}, {"start": "00:09:29", "end": "00:09:35", "text": "is the the pressure map. Okay, all the"}, {"start": "00:09:32", "end": "00:09:38", "text": "liquidation levels."}, {"start": "00:09:35", "end": "00:09:41", "text": "We have a lot of shorts waiting to be"}, {"start": "00:09:38", "end": "00:09:47", "text": "liquidated. These are all points where"}, {"start": "00:09:41", "end": "00:09:50", "text": "major major shorts will be liquidated."}, {"start": "00:09:47", "end": "00:09:54", "text": "So looking forward to that. Okay. Uh"}, {"start": "00:09:50", "end": "00:09:56", "text": "lastly on asslash I did up update the"}, {"start": "00:09:54", "end": "00:09:58", "text": "notification."}, {"start": "00:09:56", "end": "00:10:00", "text": "Uh I update a lot of stuff but the"}, {"start": "00:09:58", "end": "00:10:02", "text": "notification was kind of broken. Wasn't"}, {"start": "00:10:00", "end": "00:10:05", "text": "useful. Now it is. Okay. First thing"}, {"start": "00:10:02", "end": "00:10:08", "text": "you'll see is what's new. You will see"}, {"start": "00:10:05", "end": "00:10:10", "text": "all the changes has happened within just"}, {"start": "00:10:08", "end": "00:10:13", "text": "the last week. What I've been working"}, {"start": "00:10:10", "end": "00:10:16", "text": "on, okay, staking,"}, {"start": "00:10:13", "end": "00:10:19", "text": "AI charts and pro charts, token intel,"}, {"start": "00:10:16", "end": "00:10:20", "text": "stock screener, AI leaderboard for you,"}, {"start": "00:10:19", "end": "00:10:23", "text": "all have been updated and some of these"}, {"start": "00:10:20", "end": "00:10:25", "text": "are brand new. So, if you're not aware,"}, {"start": "00:10:23", "end": "00:10:27", "text": "check it out. And also any alerts that"}, {"start": "00:10:25", "end": "00:10:30", "text": "you have set in your portfolio watch"}, {"start": "00:10:27", "end": "00:10:32", "text": "list if something happens, if something"}, {"start": "00:10:30", "end": "00:10:35", "text": "major happens, you will get notified and"}, {"start": "00:10:32", "end": "00:10:37", "text": "you could go and open your portfolio."}, {"start": "00:10:35", "end": "00:10:40", "text": "So, a lot more useful. And of course,"}, {"start": "00:10:37", "end": "00:10:42", "text": "the for you page also has been added. A"}, {"start": "00:10:40", "end": "00:10:46", "text": "lot of people go to the for you page"}, {"start": "00:10:42", "end": "00:10:49", "text": "every single day. And now there's a"}, {"start": "00:10:46", "end": "00:10:51", "text": "little bit more in here. For example,"}, {"start": "00:10:49", "end": "00:10:53", "text": "you do have"}, {"start": "00:10:51", "end": "00:10:57", "text": "uh what is it? Where? Where did it go?"}, {"start": "00:10:53", "end": "00:10:59", "text": "It got turned off. The callus radar."}, {"start": "00:10:57", "end": "00:11:01", "text": "This is something cool. So, every day"}, {"start": "00:10:59", "end": "00:11:05", "text": "you could see what kind of stuff,"}, {"start": "00:11:01", "end": "00:11:07", "text": "earnings or economic"}, {"start": "00:11:05", "end": "00:11:11", "text": "reports that are coming out that is now"}, {"start": "00:11:07", "end": "00:11:13", "text": "in your for you page if you turn it on."}, {"start": "00:11:11", "end": "00:11:15", "text": "Okay. And other stuff like today's"}, {"start": "00:11:13", "end": "00:11:18", "text": "market, which is a heat map you could"}, {"start": "00:11:15", "end": "00:11:22", "text": "also turn on for stocks. And yeah,"}, {"start": "00:11:18", "end": "00:11:24", "text": "mostly green. So that is also added."}, {"start": "00:11:22", "end": "00:11:26", "text": "Just trying to make this as useful as"}, {"start": "00:11:24", "end": "00:11:30", "text": "possible for you guys to stay in the"}, {"start": "00:11:26", "end": "00:11:32", "text": "game, to stay focused, stay educated, do"}, {"start": "00:11:30", "end": "00:11:36", "text": "your research."}, {"start": "00:11:32", "end": "00:11:39", "text": "Everything is available for you in ass."}, {"start": "00:11:36", "end": "00:11:42", "text": "Okay, that's it guys. Stay strong and I"}, {"start": "00:11:39", "end": "00:11:46", "text": "will see you guys tomorrow and we'll see"}, {"start": "00:11:42", "end": "00:11:49", "text": "if Bitcoin makes a recovery upwards as"}, {"start": "00:11:46", "end": "00:11:52", "text": "we get better news. All right, have a"}, {"start": "00:11:49", "end": "00:11:52", "text": "good one, guys. Take care. Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:07", "text": "Welcome back to Cryptos Are Us. I'm"}, {"start": "00:00:05", "end": "00:00:09", "text": "George."}, {"start": "00:00:07", "end": "00:00:12", "text": "We're all George. Welcome to another"}, {"start": "00:00:09", "end": "00:00:14", "text": "market open stream. Today,"}, {"start": "00:00:12", "end": "00:00:17", "text": "unfortunately, Bitcoin is under"}, {"start": "00:00:14", "end": "00:00:20", "text": "pressure. That's right. War is"}, {"start": "00:00:17", "end": "00:00:24", "text": "escalating. Asia sold off. We have"}, {"start": "00:00:20", "end": "00:00:27", "text": "massive liquidations. We got some stuff"}, {"start": "00:00:24", "end": "00:00:29", "text": "that's putting pressure on Bitcoin. So,"}, {"start": "00:00:27", "end": "00:00:32", "text": "let's talk about let's talk about"}, {"start": "00:00:29", "end": "00:00:36", "text": "everything that's happening today"}, {"start": "00:00:32", "end": "00:00:39", "text": "and what more to expect."}, {"start": "00:00:36", "end": "00:00:40", "text": "All right, let's do it, guys. Let's do"}, {"start": "00:00:39", "end": "00:00:43", "text": "it."}, {"start": "00:00:40", "end": "00:00:45", "text": "Welcome, welcome, welcome."}, {"start": "00:00:43", "end": "00:00:48", "text": "Unfortunately, we are starting out a day"}, {"start": "00:00:45", "end": "00:00:52", "text": "lower. Yesterday, we fell down. We"}, {"start": "00:00:48", "end": "00:00:55", "text": "slowly trended down to about 75,000 and"}, {"start": "00:00:52", "end": "00:01:01", "text": "then we slid down even more and now"}, {"start": "00:00:55", "end": "00:01:05", "text": "we're at 73,000. So roughly 3% 3% lower"}, {"start": "00:01:01", "end": "00:01:08", "text": "and this is due, excuse me, due to some"}, {"start": "00:01:05", "end": "00:01:13", "text": "of the things I've mentioned. War"}, {"start": "00:01:08", "end": "00:01:18", "text": "unfortunately is escalating."}, {"start": "00:01:13", "end": "00:01:22", "text": "So I don't know who started it but"}, {"start": "00:01:18", "end": "00:01:25", "text": "basically the US attacked some"}, {"start": "00:01:22", "end": "00:01:27", "text": "uh military base from Iran for its own"}, {"start": "00:01:25", "end": "00:01:32", "text": "safety."}, {"start": "00:01:27", "end": "00:01:33", "text": "Uh and then Iran started attacking US"}, {"start": "00:01:32", "end": "00:01:36", "text": "bases"}, {"start": "00:01:33", "end": "00:01:39", "text": "and Kuwait is also saying that they had"}, {"start": "00:01:36", "end": "00:01:41", "text": "to turn up their air defense system"}, {"start": "00:01:39", "end": "00:01:45", "text": "because they're detecting, you know,"}, {"start": "00:01:41", "end": "00:01:48", "text": "missiles and drones. So, I don't know."}, {"start": "00:01:45", "end": "00:01:51", "text": "Right now, it's just like"}, {"start": "00:01:48", "end": "00:01:54", "text": "both sides are both sides are like"}, {"start": "00:01:51", "end": "00:01:55", "text": "poking each other. Okay. Okay, they're"}, {"start": "00:01:54", "end": "00:01:58", "text": "striking military bases and stuff like"}, {"start": "00:01:55", "end": "00:02:01", "text": "that, but still it's not helping end the"}, {"start": "00:01:58", "end": "00:02:03", "text": "war. And just yesterday"}, {"start": "00:02:01", "end": "00:02:05", "text": "it was released that, you know, both"}, {"start": "00:02:03", "end": "00:02:08", "text": "sides have come to agreement to open the"}, {"start": "00:02:05", "end": "00:02:10", "text": "straight of her moves, right? And it"}, {"start": "00:02:08", "end": "00:02:14", "text": "seemed like things were progressing and"}, {"start": "00:02:10", "end": "00:02:14", "text": "all of a sudden this happens."}, {"start": "00:02:15", "end": "00:02:18", "text": "So, it's just it's just like never"}, {"start": "00:02:16", "end": "00:02:20", "text": "ending and it's just it's just like"}, {"start": "00:02:18", "end": "00:02:22", "text": "little things. Even though these these"}, {"start": "00:02:20", "end": "00:02:24", "text": "little strikes are happening, they're"}, {"start": "00:02:22", "end": "00:02:26", "text": "still negotiating. It's not like"}, {"start": "00:02:24", "end": "00:02:29", "text": "everything's off the table, but it just"}, {"start": "00:02:26", "end": "00:02:33", "text": "seems to get keep going and going and"}, {"start": "00:02:29", "end": "00:02:37", "text": "going and that's the latest and what you"}, {"start": "00:02:33", "end": "00:02:39", "text": "know and while this h was happening uh"}, {"start": "00:02:37", "end": "00:02:43", "text": "Asia tanked."}, {"start": "00:02:39", "end": "00:02:45", "text": "Okay, so you had Taiwan going down 3%,"}, {"start": "00:02:43", "end": "00:02:49", "text": "South Korea went down 3%."}, {"start": "00:02:45", "end": "00:02:52", "text": "Uh Japan went down one and a half%."}, {"start": "00:02:49", "end": "00:02:54", "text": "Now granted a lot of these markets were"}, {"start": "00:02:52", "end": "00:02:56", "text": "recovering so it could have been a"}, {"start": "00:02:54", "end": "00:02:59", "text": "little profit taking but also just more"}, {"start": "00:02:56", "end": "00:03:02", "text": "fear in general. All this fear mongering"}, {"start": "00:02:59", "end": "00:03:05", "text": "basically caused a lot of people to sell"}, {"start": "00:03:02", "end": "00:03:07", "text": "and that's actually exactly when Bitcoin"}, {"start": "00:03:05", "end": "00:03:12", "text": "fell down when these Asian markets"}, {"start": "00:03:07", "end": "00:03:17", "text": "started crashing. Uh so it actually all"}, {"start": "00:03:12", "end": "00:03:20", "text": "kind of makes sense all aligned. So that"}, {"start": "00:03:17", "end": "00:03:23", "text": "is what happened. Okay, we we always"}, {"start": "00:03:20", "end": "00:03:26", "text": "seem to have some kind of pressure and"}, {"start": "00:03:23", "end": "00:03:28", "text": "unfortunately when"}, {"start": "00:03:26", "end": "00:03:30", "text": "when we had this little sell-off, I"}, {"start": "00:03:28", "end": "00:03:34", "text": "mean, keep in mind, we only went down"}, {"start": "00:03:30", "end": "00:03:36", "text": "like 3%. Right? So, even if you were"}, {"start": "00:03:34", "end": "00:03:40", "text": "playing with small leverage, two, three,"}, {"start": "00:03:36", "end": "00:03:41", "text": "5x, it it it's not good, but it's not"}, {"start": "00:03:40", "end": "00:03:45", "text": "going to liquidate you. But"}, {"start": "00:03:41", "end": "00:03:51", "text": "unfortunately, look at this. We had a"}, {"start": "00:03:45", "end": "00:03:53", "text": "long flush over the last 24 hours."}, {"start": "00:03:51", "end": "00:03:56", "text": "Look at this."}, {"start": "00:03:53", "end": "00:04:01", "text": "366 million Bitcoin"}, {"start": "00:03:56", "end": "00:04:04", "text": "longs flushed out. 240 million of ETH"}, {"start": "00:04:01", "end": "00:04:12", "text": "longs flushed out. And then you add"}, {"start": "00:04:04", "end": "00:04:15", "text": "Soul, XRP, BNB in the last 24 hours, 656"}, {"start": "00:04:12", "end": "00:04:16", "text": "million longs. basically liquidated."}, {"start": "00:04:15", "end": "00:04:18", "text": "Well, there's 30 million shorts, but"}, {"start": "00:04:16", "end": "00:04:22", "text": "overall 656"}, {"start": "00:04:18", "end": "00:04:24", "text": "just within the last 12 hours, 426."}, {"start": "00:04:22", "end": "00:04:27", "text": "It goes to show you there are still way"}, {"start": "00:04:24", "end": "00:04:31", "text": "too much leverage in the space. People"}, {"start": "00:04:27", "end": "00:04:35", "text": "are trying to recover quickly."}, {"start": "00:04:31", "end": "00:04:38", "text": "So, they're not throwing two, three, 5x,"}, {"start": "00:04:35", "end": "00:04:43", "text": "not even 10x. These aren't guys that's"}, {"start": "00:04:38", "end": "00:04:45", "text": "throwing 20x, 25x, 50x."}, {"start": "00:04:43", "end": "00:04:49", "text": "That's how they're getting liquidated"}, {"start": "00:04:45", "end": "00:04:54", "text": "with a 2% dip, a 3% dip. Think about it."}, {"start": "00:04:49", "end": "00:04:56", "text": "You have to have at least a 33x"}, {"start": "00:04:54", "end": "00:05:00", "text": "for you to get liquidated."}, {"start": "00:04:56", "end": "00:05:03", "text": "And that's exactly what's happening,"}, {"start": "00:05:00", "end": "00:05:07", "text": "right? So, this is probably the real"}, {"start": "00:05:03", "end": "00:05:11", "text": "reason why we got pushed down. oil war"}, {"start": "00:05:07", "end": "00:05:13", "text": "all this stuff caused Asia markets to"}, {"start": "00:05:11", "end": "00:05:16", "text": "sell off"}, {"start": "00:05:13", "end": "00:05:19", "text": "the markets overseas"}, {"start": "00:05:16", "end": "00:05:22", "text": "sold a little bit Bitcoin and that led"}, {"start": "00:05:19", "end": "00:05:24", "text": "to massive liquidations unfortunately."}, {"start": "00:05:22", "end": "00:05:26", "text": "So that's"}, {"start": "00:05:24", "end": "00:05:28", "text": "that's kind of like the cycle. All"}, {"start": "00:05:26", "end": "00:05:30", "text": "right. And there's just there's just too"}, {"start": "00:05:28", "end": "00:05:34", "text": "much leverage every single time we see"}, {"start": "00:05:30", "end": "00:05:37", "text": "this. And during you know during that"}, {"start": "00:05:34", "end": "00:05:40", "text": "November to"}, {"start": "00:05:37", "end": "00:05:42", "text": "to I would say March before we started"}, {"start": "00:05:40", "end": "00:05:44", "text": "coming up a little bit. We saw this time"}, {"start": "00:05:42", "end": "00:05:47", "text": "and time again. Every single week we"}, {"start": "00:05:44", "end": "00:05:49", "text": "would see these large flushes. Some"}, {"start": "00:05:47", "end": "00:05:54", "text": "caused by"}, {"start": "00:05:49", "end": "00:05:56", "text": "Jane Street, some caused by Binance or"}, {"start": "00:05:54", "end": "00:05:58", "text": "whoever. But now it seems like we're"}, {"start": "00:05:56", "end": "00:06:00", "text": "back at it again because it it did seem"}, {"start": "00:05:58", "end": "00:06:01", "text": "like it stopped for like a couple of"}, {"start": "00:06:00", "end": "00:06:03", "text": "months while we're recovering, but"}, {"start": "00:06:01", "end": "00:06:06", "text": "unfortunately it's happening again. And"}, {"start": "00:06:03", "end": "00:06:07", "text": "those market makers uh are glad to do it"}, {"start": "00:06:06", "end": "00:06:09", "text": "because they're going to make money no"}, {"start": "00:06:07", "end": "00:06:11", "text": "matter what."}, {"start": "00:06:09", "end": "00:06:15", "text": "So unfortunately that has brought us"}, {"start": "00:06:11", "end": "00:06:15", "text": "down slightly."}, {"start": "00:06:16", "end": "00:06:21", "text": "And today,"}, {"start": "00:06:18", "end": "00:06:24", "text": "excuse me, we're waiting for something"}, {"start": "00:06:21", "end": "00:06:28", "text": "positive. inflation,"}, {"start": "00:06:24", "end": "00:06:32", "text": "right? Inflation maybe to come down,"}, {"start": "00:06:28", "end": "00:06:34", "text": "maybe lower than expectation, but no,"}, {"start": "00:06:32", "end": "00:06:37", "text": "came in in line. It wasn't bad. It"}, {"start": "00:06:34", "end": "00:06:42", "text": "wasn't good. Core inflation comes in at"}, {"start": "00:06:37", "end": "00:06:43", "text": "3.3% as expected. So, this didn't really"}, {"start": "00:06:42", "end": "00:06:47", "text": "help much."}, {"start": "00:06:43", "end": "00:06:51", "text": "uh had it come lower than expectations"}, {"start": "00:06:47", "end": "00:06:55", "text": "then you know will help the Fed"}, {"start": "00:06:51", "end": "00:06:57", "text": "cut uh cut rates but just came in line."}, {"start": "00:06:55", "end": "00:07:00", "text": "So this whole thing with oil just one"}, {"start": "00:06:57", "end": "00:07:02", "text": "day it goes up 5% another day goes down"}, {"start": "00:07:00", "end": "00:07:05", "text": "3% another day goes up 3% another day"}, {"start": "00:07:02", "end": "00:07:07", "text": "goes down it's like you know continues"}, {"start": "00:07:05", "end": "00:07:12", "text": "to be"}, {"start": "00:07:07", "end": "00:07:15", "text": "elevated which kind of sucks"}, {"start": "00:07:12", "end": "00:07:18", "text": "and also unfortunately"}, {"start": "00:07:15", "end": "00:07:22", "text": "yesterday we had one of the largest"}, {"start": "00:07:18", "end": "00:07:25", "text": "outflows for Bitcoin ETFs."}, {"start": "00:07:22", "end": "00:07:31", "text": "Uh if you look at the ETF tracker in"}, {"start": "00:07:25", "end": "00:07:35", "text": "total in total yesterday we had minus733"}, {"start": "00:07:31", "end": "00:07:38", "text": "million in one single day."}, {"start": "00:07:35", "end": "00:07:41", "text": "That's a lot. And if you look at the"}, {"start": "00:07:38", "end": "00:07:45", "text": "past week or so mostly"}, {"start": "00:07:41", "end": "00:07:48", "text": "mostly red mostly outflows."}, {"start": "00:07:45", "end": "00:07:51", "text": "Unfortunately we're going through that"}, {"start": "00:07:48", "end": "00:07:51", "text": "once again."}, {"start": "00:07:52", "end": "00:07:59", "text": "A lot of fear still a lot of fear and"}, {"start": "00:07:55", "end": "00:08:03", "text": "some is not due to fear. Some is due to"}, {"start": "00:07:59", "end": "00:08:07", "text": "money shifting reallocating portfolios"}, {"start": "00:08:03", "end": "00:08:10", "text": "into hotter and more trendier and more"}, {"start": "00:08:07", "end": "00:08:10", "text": "profitable"}, {"start": "00:08:10", "end": "00:08:16", "text": "assets for equities. Right? So there is"}, {"start": "00:08:13", "end": "00:08:20", "text": "some of that right now. What's really"}, {"start": "00:08:16", "end": "00:08:24", "text": "holding us back is this war situation"}, {"start": "00:08:20", "end": "00:08:27", "text": "and leverage liquidations."}, {"start": "00:08:24", "end": "00:08:30", "text": "Those two are really"}, {"start": "00:08:27", "end": "00:08:32", "text": "just like holding us back right now. But"}, {"start": "00:08:30", "end": "00:08:34", "text": "with all that said,"}, {"start": "00:08:32", "end": "00:08:37", "text": "anything"}, {"start": "00:08:34", "end": "00:08:41", "text": "good, is there anything positive to look"}, {"start": "00:08:37", "end": "00:08:43", "text": "forward to? Right. There is. There is."}, {"start": "00:08:41", "end": "00:08:46", "text": "You just got to dig. You got to look"}, {"start": "00:08:43", "end": "00:08:48", "text": "carefully. Actually, not really, but"}, {"start": "00:08:46", "end": "00:08:50", "text": "it's just most people don't care about"}, {"start": "00:08:48", "end": "00:08:51", "text": "it."}, {"start": "00:08:50", "end": "00:08:54", "text": "Um,"}, {"start": "00:08:51", "end": "00:08:56", "text": "Trump all of a sudden"}, {"start": "00:08:54", "end": "00:08:58", "text": "tweet this out. Gary Gendler and the"}, {"start": "00:08:56", "end": "00:09:00", "text": "anti-crypto army nearly destroyed"}, {"start": "00:08:58", "end": "00:09:02", "text": "American crypto industry by driving"}, {"start": "00:09:00", "end": "00:09:05", "text": "Bitcoin, crypto perpetuals, and"}, {"start": "00:09:02", "end": "00:09:08", "text": "innovation offshore. But"}, {"start": "00:09:05", "end": "00:09:10", "text": "Trump saved it. America is now crypto"}, {"start": "00:09:08", "end": "00:09:13", "text": "capital of the world. The builders and"}, {"start": "00:09:10", "end": "00:09:15", "text": "entrepreneurs are coming back."}, {"start": "00:09:13", "end": "00:09:17", "text": "Under my leadership, we will codify a"}, {"start": "00:09:15", "end": "00:09:18", "text": "future proof digital asset market"}, {"start": "00:09:17", "end": "00:09:21", "text": "structure that cannot be undone by the"}, {"start": "00:09:18", "end": "00:09:23", "text": "crypto haters. The new frontier of"}, {"start": "00:09:21", "end": "00:09:28", "text": "finance being built in America and Trump"}, {"start": "00:09:23", "end": "00:09:30", "text": "will never let crypto down."}, {"start": "00:09:28", "end": "00:09:35", "text": "Why do you need to quote Trump twice in"}, {"start": "00:09:30", "end": "00:09:39", "text": "there when you're the one writing it?"}, {"start": "00:09:35", "end": "00:09:42", "text": "So that's a positive. Obviously,"}, {"start": "00:09:39", "end": "00:09:44", "text": "right, US as a whole has gone in the new"}, {"start": "00:09:42", "end": "00:09:48", "text": "direction. We got White House"}, {"start": "00:09:44", "end": "00:09:53", "text": "administration that is 100% pro- crypto."}, {"start": "00:09:48", "end": "00:09:56", "text": "We got SEC chair that is 100% pro-"}, {"start": "00:09:53", "end": "00:09:59", "text": "crypto. Look at Paul Atkins responded to"}, {"start": "00:09:56", "end": "00:10:01", "text": "that. Said for too long SEC were at odds"}, {"start": "00:09:59", "end": "00:10:04", "text": "with new technology, innovation pushing"}, {"start": "00:10:01", "end": "00:10:06", "text": "entrepreneur offshore. That era is over."}, {"start": "00:10:04", "end": "00:10:08", "text": "under President Trump's leadership"}, {"start": "00:10:06", "end": "00:10:09", "text": "alongside colleagues across the admin"}, {"start": "00:10:08", "end": "00:10:12", "text": "and Congress were delivering much"}, {"start": "00:10:09", "end": "00:10:15", "text": "neededed clarity to the digital asset"}, {"start": "00:10:12", "end": "00:10:19", "text": "market. So he's referring to obviously"}, {"start": "00:10:15", "end": "00:10:22", "text": "the clarity act. Okay. and himself"}, {"start": "00:10:19", "end": "00:10:26", "text": "leading the SEC and the CFTC, they're"}, {"start": "00:10:22", "end": "00:10:28", "text": "all working together, not working"}, {"start": "00:10:26", "end": "00:10:31", "text": "against each other like previous times,"}, {"start": "00:10:28", "end": "00:10:35", "text": "right? To make sure innovation is"}, {"start": "00:10:31", "end": "00:10:38", "text": "fostered, staying here in America and"}, {"start": "00:10:35", "end": "00:10:40", "text": "moving forward. This is the very big"}, {"start": "00:10:38", "end": "00:10:43", "text": "positive. Although most people will"}, {"start": "00:10:40", "end": "00:10:45", "text": "ignore this and only concentrate on"}, {"start": "00:10:43", "end": "00:10:47", "text": "price and I get that it's depressing to"}, {"start": "00:10:45", "end": "00:10:49", "text": "look at price but this is what's"}, {"start": "00:10:47", "end": "00:10:52", "text": "happening."}, {"start": "00:10:49", "end": "00:10:54", "text": "This has happened and we'll continue"}, {"start": "00:10:52", "end": "00:10:57", "text": "forward and this is going to set the"}, {"start": "00:10:54", "end": "00:10:59", "text": "stage for many many many new things many"}, {"start": "00:10:57", "end": "00:11:01", "text": "new innovations to happen. So this is"}, {"start": "00:10:59", "end": "00:11:08", "text": "one of the biggest things and the"}, {"start": "00:11:01", "end": "00:11:08", "text": "clarity act is right around the corner."}, {"start": "00:11:09", "end": "00:11:15", "text": "And you have a lot of crypto that will"}, {"start": "00:11:12", "end": "00:11:19", "text": "benefit. Okay,"}, {"start": "00:11:15", "end": "00:11:22", "text": "ETH, soul, XRP and all these others."}, {"start": "00:11:19", "end": "00:11:25", "text": "They will benefit."}, {"start": "00:11:22", "end": "00:11:28", "text": "So there will be new things happening,"}, {"start": "00:11:25", "end": "00:11:30", "text": "new services, new innovations, new"}, {"start": "00:11:28", "end": "00:11:34", "text": "products, new everything. Even yield is"}, {"start": "00:11:30", "end": "00:11:36", "text": "coming. A lot more of it. All this is"}, {"start": "00:11:34", "end": "00:11:38", "text": "coming."}, {"start": "00:11:36", "end": "00:11:42", "text": "And on top of that, after the clarity"}, {"start": "00:11:38", "end": "00:11:44", "text": "act, there is going to be some kind of"}, {"start": "00:11:42", "end": "00:11:48", "text": "announcement"}, {"start": "00:11:44", "end": "00:11:51", "text": "for adding to the Bitcoin reserve that"}, {"start": "00:11:48", "end": "00:11:54", "text": "is also happening. So, a lot of things"}, {"start": "00:11:51", "end": "00:11:56", "text": "pending right now, right? That t the the"}, {"start": "00:11:54", "end": "00:11:58", "text": "the"}, {"start": "00:11:56", "end": "00:12:00", "text": "tailwinds"}, {"start": "00:11:58", "end": "00:12:02", "text": "is holding us back, but there are a lot"}, {"start": "00:12:00", "end": "00:12:05", "text": "of great things"}, {"start": "00:12:02", "end": "00:12:08", "text": "to look forward to. It's just that they"}, {"start": "00:12:05", "end": "00:12:12", "text": "haven't hit yet. That's what it comes"}, {"start": "00:12:08", "end": "00:12:14", "text": "down to. Uh you still have guys like"}, {"start": "00:12:12", "end": "00:12:18", "text": "Strategy and Sailor"}, {"start": "00:12:14", "end": "00:12:21", "text": "that continue to carry the market, so to"}, {"start": "00:12:18", "end": "00:12:24", "text": "speak. You could see that strategy has"}, {"start": "00:12:21", "end": "00:12:26", "text": "purchased more than two and a half times"}, {"start": "00:12:24", "end": "00:12:28", "text": "the amount that has been mined and"}, {"start": "00:12:26", "end": "00:12:31", "text": "they're kind of offsetting how much has"}, {"start": "00:12:28", "end": "00:12:36", "text": "been sold by the miners because of their"}, {"start": "00:12:31", "end": "00:12:38", "text": "shift into AI. So"}, {"start": "00:12:36", "end": "00:12:40", "text": "once upon a time it was kind of like"}, {"start": "00:12:38", "end": "00:12:43", "text": "just kind of a meme or joke that"}, {"start": "00:12:40", "end": "00:12:46", "text": "strategy is carrying Bitcoin on its"}, {"start": "00:12:43", "end": "00:12:48", "text": "back. But like these days is actually"}, {"start": "00:12:46", "end": "00:12:51", "text": "kind of true"}, {"start": "00:12:48", "end": "00:12:54", "text": "because of these large purchases."}, {"start": "00:12:51", "end": "00:12:57", "text": "But not just Sailor though,"}, {"start": "00:12:54", "end": "00:13:00", "text": "Tom Lee is trying to do the same thing"}, {"start": "00:12:57", "end": "00:13:05", "text": "with ETH, carrying it on its back. I"}, {"start": "00:13:00", "end": "00:13:08", "text": "couldn't believe it. I had to check"}, {"start": "00:13:05", "end": "00:13:13", "text": "our youth tracker"}, {"start": "00:13:08", "end": "00:13:16", "text": "and sure enough Tom Lee just bought"}, {"start": "00:13:13", "end": "00:13:18", "text": "111,000"}, {"start": "00:13:16", "end": "00:13:23", "text": "ETH 942."}, {"start": "00:13:18", "end": "00:13:25", "text": "So net balance is now 7.3"}, {"start": "00:13:23", "end": "00:13:28", "text": "7.4"}, {"start": "00:13:25", "end": "00:13:32", "text": "million ETH. I don't know where Tom Lee"}, {"start": "00:13:28", "end": "00:13:36", "text": "is getting his money, but all these buys"}, {"start": "00:13:32", "end": "00:13:38", "text": "have all been from Bit"}, {"start": "00:13:36", "end": "00:13:40", "text": "weekly, every single week. Last week,"}, {"start": "00:13:38", "end": "00:13:44", "text": "they only purchased 15 ETH. This week,"}, {"start": "00:13:40", "end": "00:13:44", "text": "they purchased 112,000."}, {"start": "00:13:46", "end": "00:13:54", "text": "That's kind of nuts. Nuts."}, {"start": "00:13:51", "end": "00:13:58", "text": "But yeah, so we got guys"}, {"start": "00:13:54", "end": "00:14:02", "text": "that are not shifting to AI that are not"}, {"start": "00:13:58", "end": "00:14:06", "text": "diverting their attention. They are"}, {"start": "00:14:02", "end": "00:14:08", "text": "continuing to stay strong, load up"}, {"start": "00:14:06", "end": "00:14:10", "text": "because they have seen this before. Both"}, {"start": "00:14:08", "end": "00:14:12", "text": "of these guys have lived through a lot"}, {"start": "00:14:10", "end": "00:14:14", "text": "of these cycles. Especially Tom Lee"}, {"start": "00:14:12", "end": "00:14:19", "text": "since he's been in the financial space"}, {"start": "00:14:14", "end": "00:14:21", "text": "for a long time. They have seen"}, {"start": "00:14:19", "end": "00:14:23", "text": "they have seen rough times. They have"}, {"start": "00:14:21", "end": "00:14:26", "text": "seen this before. Even Sailor, he came"}, {"start": "00:14:23", "end": "00:14:30", "text": "in in 2020. So I came in before him. But"}, {"start": "00:14:26", "end": "00:14:33", "text": "still, he saw the bottoms. He saw the"}, {"start": "00:14:30", "end": "00:14:35", "text": "bottoms back in 2020"}, {"start": "00:14:33", "end": "00:14:38", "text": "and 2023"}, {"start": "00:14:35", "end": "00:14:40", "text": "and he knows we'll get through this. The"}, {"start": "00:14:38", "end": "00:14:44", "text": "Tom Lee has seen it all and has been"}, {"start": "00:14:40", "end": "00:14:47", "text": "very pro Bitcoin for a long, long time."}, {"start": "00:14:44", "end": "00:14:49", "text": "But now he's still pro in Bitcoin, but"}, {"start": "00:14:47", "end": "00:14:53", "text": "he's more pro in ETH because of his"}, {"start": "00:14:49", "end": "00:14:57", "text": "company and because of the Clarity Act"}, {"start": "00:14:53", "end": "00:14:57", "text": "and Genius Bill and all that stuff."}, {"start": "00:14:59", "end": "00:15:04", "text": "Patience."}, {"start": "00:15:01", "end": "00:15:04", "text": "Patience."}, {"start": "00:15:05", "end": "00:15:11", "text": "If you're doubting"}, {"start": "00:15:07", "end": "00:15:14", "text": "what could happen,"}, {"start": "00:15:11", "end": "00:15:18", "text": "just look back. Look back at history."}, {"start": "00:15:14", "end": "00:15:20", "text": "History doesn't repeat, but it tends to"}, {"start": "00:15:18", "end": "00:15:23", "text": "rhyme. And it's been rhyming the same"}, {"start": "00:15:20", "end": "00:15:25", "text": "way for Bitcoin forever. And that is"}, {"start": "00:15:23", "end": "00:15:29", "text": "you, yeah, we get we have lows. We"}, {"start": "00:15:25", "end": "00:15:30", "text": "always have drawd downs."}, {"start": "00:15:29", "end": "00:15:33", "text": "But the pattern also shows those"}, {"start": "00:15:30", "end": "00:15:38", "text": "drawdowns get smaller."}, {"start": "00:15:33", "end": "00:15:40", "text": "We continue to make newer lows or higher"}, {"start": "00:15:38", "end": "00:15:43", "text": "lows, I should say, and we continue to"}, {"start": "00:15:40", "end": "00:15:46", "text": "make higher highs."}, {"start": "00:15:43", "end": "00:15:51", "text": "That's the pattern,"}, {"start": "00:15:46", "end": "00:15:51", "text": "right? So, stay strong, my friends."}, {"start": "00:15:52", "end": "00:15:59", "text": "Things will get better. All right,"}, {"start": "00:15:55", "end": "00:16:00", "text": "that's pretty much it. Let's see. Uh,"}, {"start": "00:15:59", "end": "00:16:04", "text": "yeah, unfortunately, we're we're still a"}, {"start": "00:16:00", "end": "00:16:07", "text": "little weaker. I was looking at"}, {"start": "00:16:04", "end": "00:16:11", "text": "from a TA perspective."}, {"start": "00:16:07", "end": "00:16:14", "text": "I was, uh, loading up this our TA charts"}, {"start": "00:16:11", "end": "00:16:18", "text": "here. Um, looking at some of the things"}, {"start": "00:16:14", "end": "00:16:21", "text": "that's happening right now."}, {"start": "00:16:18", "end": "00:16:23", "text": "Actually, I should refresh this."}, {"start": "00:16:21", "end": "00:16:24", "text": "This is what it looks like. But, you"}, {"start": "00:16:23", "end": "00:16:27", "text": "know, it's kind of a mess. Yesterday,"}, {"start": "00:16:24", "end": "00:16:29", "text": "someone asked like, okay, how do we get"}, {"start": "00:16:27", "end": "00:16:31", "text": "explanation for this? I mean, it tells"}, {"start": "00:16:29", "end": "00:16:34", "text": "you the explanation, but then I realized"}, {"start": "00:16:31", "end": "00:16:36", "text": "we have a a bear mode here. And bear"}, {"start": "00:16:34", "end": "00:16:40", "text": "mode kind of basically tells you exactly"}, {"start": "00:16:36", "end": "00:16:44", "text": "what's happening. So if you look at this"}, {"start": "00:16:40", "end": "00:16:46", "text": "you know we fell below a certain level"}, {"start": "00:16:44", "end": "00:16:48", "text": "which was right around here about 74,000"}, {"start": "00:16:46", "end": "00:16:52", "text": "that was a previous resistance. So"}, {"start": "00:16:48", "end": "00:16:54", "text": "unfortunately we have gone below that"}, {"start": "00:16:52", "end": "00:16:56", "text": "and there is another trigger level at"}, {"start": "00:16:54", "end": "00:16:58", "text": "724"}, {"start": "00:16:56", "end": "00:17:01", "text": "which could bring us even lower if we're"}, {"start": "00:16:58", "end": "00:17:03", "text": "not able to hold it."}, {"start": "00:17:01", "end": "00:17:05", "text": "And this also gets explained here, but"}, {"start": "00:17:03", "end": "00:17:09", "text": "if you're looking at some of this stuff"}, {"start": "00:17:05", "end": "00:17:12", "text": "in a in bare mode, uh doesn't look very"}, {"start": "00:17:09", "end": "00:17:15", "text": "good right now."}, {"start": "00:17:12", "end": "00:17:18", "text": "I think this is the only thing that is"}, {"start": "00:17:15", "end": "00:17:20", "text": "looking good on on like a daily scale"}, {"start": "00:17:18", "end": "00:17:23", "text": "that obviously we have gone down. We're"}, {"start": "00:17:20", "end": "00:17:25", "text": "oversold. We're we're touching upon the"}, {"start": "00:17:23", "end": "00:17:28", "text": "lower channel, the Ballinger band, which"}, {"start": "00:17:25", "end": "00:17:30", "text": "means that we can definitely flip above."}, {"start": "00:17:28", "end": "00:17:33", "text": "But if you're looking at a lot of these"}, {"start": "00:17:30", "end": "00:17:37", "text": "on the daily looking bad, we fell below"}, {"start": "00:17:33", "end": "00:17:39", "text": "the demo of 43 which normally is not a"}, {"start": "00:17:37", "end": "00:17:42", "text": "good thing."}, {"start": "00:17:39", "end": "00:17:47", "text": "The EMA ribbon we have fallen below the"}, {"start": "00:17:42", "end": "00:17:50", "text": "EMA ribbon also the 10 20 50 100 200"}, {"start": "00:17:47", "end": "00:17:55", "text": "we're all we have fallen below that. We"}, {"start": "00:17:50", "end": "00:17:55", "text": "were holding we were holding"}, {"start": "00:17:56", "end": "00:18:00", "text": "at the right here. You could see we were"}, {"start": "00:17:58", "end": "00:18:02", "text": "holding between these two like we're"}, {"start": "00:18:00", "end": "00:18:04", "text": "getting squeezed"}, {"start": "00:18:02", "end": "00:18:07", "text": "and unfortunately we have broken down."}, {"start": "00:18:04", "end": "00:18:10", "text": "So"}, {"start": "00:18:07", "end": "00:18:13", "text": "just gota got to stay strong get through"}, {"start": "00:18:10", "end": "00:18:17", "text": "it. That's all I could say. All right."}, {"start": "00:18:13", "end": "00:18:20", "text": "Uh US market is red today because of the"}, {"start": "00:18:17", "end": "00:18:22", "text": "war escalation. I'm assuming"}, {"start": "00:18:20", "end": "00:18:26", "text": "I don't think really anything is doing"}, {"start": "00:18:22", "end": "00:18:26", "text": "all that well today."}, {"start": "00:18:28", "end": "00:18:33", "text": "All right,"}, {"start": "00:18:30", "end": "00:18:33", "text": "let's do some Q&A."}, {"start": "00:18:57", "end": "00:19:02", "text": "Something new I did add"}, {"start": "00:19:00", "end": "00:19:07", "text": "to Ask Clash for those of you guys that"}, {"start": "00:19:02", "end": "00:19:11", "text": "are looking or into stocks."}, {"start": "00:19:07", "end": "00:19:13", "text": "Uh it's it's here."}, {"start": "00:19:11", "end": "00:19:16", "text": "So I I kind of redid some of these"}, {"start": "00:19:13", "end": "00:19:18", "text": "things here on the side to consolidate."}, {"start": "00:19:16", "end": "00:19:20", "text": "But everything in crypto obviously all"}, {"start": "00:19:18", "end": "00:19:23", "text": "the Intel tools, market cap, token"}, {"start": "00:19:20", "end": "00:19:25", "text": "screener, and staking, which I"}, {"start": "00:19:23", "end": "00:19:29", "text": "introduced yesterday. Uh, it's all in"}, {"start": "00:19:25", "end": "00:19:31", "text": "here. Okay. And staking is important for"}, {"start": "00:19:29", "end": "00:19:33", "text": "those of you guys that do want to"}, {"start": "00:19:31", "end": "00:19:37", "text": "continue to hold, but you want to earn"}, {"start": "00:19:33", "end": "00:19:40", "text": "some yield while doing that."}, {"start": "00:19:37", "end": "00:19:42", "text": "This shows you how, right? But for"}, {"start": "00:19:40", "end": "00:19:44", "text": "markets, you know, all the macro stuff,"}, {"start": "00:19:42", "end": "00:19:47", "text": "economic calendar, earnings, all that is"}, {"start": "00:19:44", "end": "00:19:49", "text": "under markets. now. And then also I"}, {"start": "00:19:47", "end": "00:19:54", "text": "added a stock screener for those of you"}, {"start": "00:19:49", "end": "00:19:56", "text": "guys that do want to pay attention to"}, {"start": "00:19:54", "end": "00:19:59", "text": "um what's going on with markets, right?"}, {"start": "00:19:56", "end": "00:20:02", "text": "And you get a AI read. This is basically"}, {"start": "00:19:59", "end": "00:20:07", "text": "just like coin market cap or our ask"}, {"start": "00:20:02", "end": "00:20:09", "text": "market cap but for stocks."}, {"start": "00:20:07", "end": "00:20:11", "text": "I think it's pretty cool. You could also"}, {"start": "00:20:09", "end": "00:20:14", "text": "add to your watch list which will stay"}, {"start": "00:20:11", "end": "00:20:17", "text": "up here but also go into your portfolio."}, {"start": "00:20:14", "end": "00:20:20", "text": "So,"}, {"start": "00:20:17", "end": "00:20:26", "text": "and sort by winners and losers and and"}, {"start": "00:20:20", "end": "00:20:28", "text": "ask for a a bar and bull case."}, {"start": "00:20:26", "end": "00:20:30", "text": "I think it's pretty cool. And you can"}, {"start": "00:20:28", "end": "00:20:33", "text": "sort it by crypto. Like if you look at"}, {"start": "00:20:30", "end": "00:20:35", "text": "all the crypto stocks today,"}, {"start": "00:20:33", "end": "00:20:38", "text": "looking at good strategy down six and a"}, {"start": "00:20:35", "end": "00:20:41", "text": "half, no 5.7%."}, {"start": "00:20:38", "end": "00:20:45", "text": "Coinbase down in 1.4%."}, {"start": "00:20:41", "end": "00:20:47", "text": "A lot of these Bitmine even after"}, {"start": "00:20:45", "end": "00:20:51", "text": "adding"}, {"start": "00:20:47", "end": "00:20:53", "text": "111,000 ETH is down about 4% today. A"}, {"start": "00:20:51", "end": "00:20:55", "text": "lot of the mining companies like Mara,"}, {"start": "00:20:53", "end": "00:20:58", "text": "Cipher,"}, {"start": "00:20:55", "end": "00:21:01", "text": "I don't even know what Erin is."}, {"start": "00:20:58", "end": "00:21:05", "text": "Only Riot is up today for some reason."}, {"start": "00:21:01", "end": "00:21:05", "text": "Everything else is down."}, {"start": "00:21:33", "end": "00:21:40", "text": "Doge."}, {"start": "00:21:35", "end": "00:21:42", "text": "Yeah, I mean Doge is uh Doge has always"}, {"start": "00:21:40", "end": "00:21:44", "text": "been Doged."}, {"start": "00:21:42", "end": "00:21:48", "text": "That's just the thing. Uh it got carried"}, {"start": "00:21:44", "end": "00:21:50", "text": "heavily by Elon. It he revitalized it."}, {"start": "00:21:48", "end": "00:21:54", "text": "Doge was left for dead. Even the two"}, {"start": "00:21:50", "end": "00:21:59", "text": "founders gave up on it, but one of them"}, {"start": "00:21:54", "end": "00:22:01", "text": "came back. Um, but they both sold all"}, {"start": "00:21:59", "end": "00:22:04", "text": "all the stuff that they had. They gave"}, {"start": "00:22:01", "end": "00:22:07", "text": "up on it until"}, {"start": "00:22:04", "end": "00:22:09", "text": "Elon came in and started talking about"}, {"start": "00:22:07", "end": "00:22:11", "text": "it and it, you know, he revitalized it."}, {"start": "00:22:09", "end": "00:22:14", "text": "But these days, he's not talking that"}, {"start": "00:22:11", "end": "00:22:18", "text": "much about Doge. He's concentrating on"}, {"start": "00:22:14", "end": "00:22:20", "text": "the SpaceX IPO and possibly Tesla being"}, {"start": "00:22:18", "end": "00:22:24", "text": "merged in there. And that would be kind"}, {"start": "00:22:20", "end": "00:22:24", "text": "of crazy if that happens."}, {"start": "00:22:31", "end": "00:22:35", "text": "XLM up"}, {"start": "00:22:35", "end": "00:22:38", "text": "22%."}, {"start": "00:22:38", "end": "00:22:45", "text": "Well, looking at this, it is definitely"}, {"start": "00:22:41", "end": "00:22:45", "text": "one of the top gainers."}, {"start": "00:22:48", "end": "00:22:52", "text": "I think this is a mistake. What is this"}, {"start": "00:22:50", "end": "00:22:56", "text": "white Bitcoin? And there's two of them."}, {"start": "00:22:52", "end": "00:23:00", "text": "That's probably a mistake. Um,"}, {"start": "00:22:56", "end": "00:23:01", "text": "man, World Liberty Financials up to five"}, {"start": "00:23:00", "end": "00:23:04", "text": "billion. I didn't even know that. That's"}, {"start": "00:23:01", "end": "00:23:04", "text": "crazy."}, {"start": "00:23:19", "end": "00:23:25", "text": "for stellar momentum is confirming"}, {"start": "00:23:21", "end": "00:23:25", "text": "across daily and weekly windows."}, {"start": "00:23:29", "end": "00:23:36", "text": "Interesting. Not sure why it's going up."}, {"start": "00:23:31", "end": "00:23:40", "text": "Look at the 7day. 7-day up 19%."}, {"start": "00:23:36", "end": "00:23:40", "text": "Buckling the trend."}, {"start": "00:23:50", "end": "00:23:54", "text": "Let's ask for a bull and bear thesis on"}, {"start": "00:23:53", "end": "00:23:57", "text": "stellar."}, {"start": "00:23:54", "end": "00:23:59", "text": "I I haven't heard of any stellar news"}, {"start": "00:23:57", "end": "00:24:00", "text": "recently,"}, {"start": "00:23:59", "end": "00:24:02", "text": "so I don't know. Unless they decide"}, {"start": "00:24:00", "end": "00:24:06", "text": "they're like pivoting into AI or they"}, {"start": "00:24:02", "end": "00:24:10", "text": "got a lot of partnerships or something."}, {"start": "00:24:06", "end": "00:24:12", "text": "Yeah, it can't it can't find XLM. Uh,"}, {"start": "00:24:10", "end": "00:24:15", "text": "let's try"}, {"start": "00:24:12", "end": "00:24:15", "text": "watch next."}, {"start": "00:24:20", "end": "00:24:28", "text": "Okay. Um, next is consolidate after two"}, {"start": "00:24:25", "end": "00:24:30", "text": "week pullback."}, {"start": "00:24:28", "end": "00:24:33", "text": "Upside catalyst is the upcoming mainet"}, {"start": "00:24:30", "end": "00:24:37", "text": "upgrade. Oh, okay. That's what it is."}, {"start": "00:24:33", "end": "00:24:41", "text": "Uh, Sorrobond smart contracts"}, {"start": "00:24:37", "end": "00:24:44", "text": "driving developer adoption. Um, this"}, {"start": "00:24:41", "end": "00:24:46", "text": "matters because XOM have uh lagged"}, {"start": "00:24:44", "end": "00:24:48", "text": "despite strong fundamentals. A real use"}, {"start": "00:24:46", "end": "00:24:51", "text": "case inflection could unlock trap"}, {"start": "00:24:48", "end": "00:24:51", "text": "momentum."}, {"start": "00:24:53", "end": "00:24:56", "text": "Short-term next seven days watch Bitcoin"}, {"start": "00:24:54", "end": "00:25:01", "text": "dominance and eat strength. XLM tends to"}, {"start": "00:24:56", "end": "00:25:03", "text": "underperform when altcoin season stalls."}, {"start": "00:25:01", "end": "00:25:05", "text": "So"}, {"start": "00:25:03", "end": "00:25:08", "text": "I guess it's Sora that that's what's"}, {"start": "00:25:05", "end": "00:25:10", "text": "driving it right now. This the the"}, {"start": "00:25:08", "end": "00:25:12", "text": "mainet upgrade."}, {"start": "00:25:10", "end": "00:25:16", "text": "But just be careful. A lot of times this"}, {"start": "00:25:12", "end": "00:25:20", "text": "kind of stuff is buy the rumor, sell the"}, {"start": "00:25:16", "end": "00:25:22", "text": "news, right? So you got to be careful"}, {"start": "00:25:20", "end": "00:25:25", "text": "after"}, {"start": "00:25:22", "end": "00:25:30", "text": "after the upgrade can something happen."}, {"start": "00:25:25", "end": "00:25:30", "text": "For last 30 days is up about 6%."}, {"start": "00:25:58", "end": "00:26:03", "text": "Real Madrid said, \"Why are we talking"}, {"start": "00:26:00", "end": "00:26:04", "text": "about alt? It will go down more.\" Well,"}, {"start": "00:26:03", "end": "00:26:06", "text": "there are a lot of people that hold"}, {"start": "00:26:04", "end": "00:26:11", "text": "their bags and they're excited to see"}, {"start": "00:26:06", "end": "00:26:11", "text": "when some of them move, right?"}, {"start": "00:26:16", "end": "00:26:20", "text": "This is Tesla today. Tesla is not really"}, {"start": "00:26:18", "end": "00:26:23", "text": "moving at all, but it's not going down"}, {"start": "00:26:20", "end": "00:26:23", "text": "either."}, {"start": "00:26:28", "end": "00:26:37", "text": "Nvidia is down a little bit today. Uh"}, {"start": "00:26:33", "end": "00:26:40", "text": "AMD continues to be hot. Just look at"}, {"start": "00:26:37", "end": "00:26:40", "text": "that chart."}, {"start": "00:27:03", "end": "00:27:09", "text": "DTCC analysis are using Exxon. What is"}, {"start": "00:27:06", "end": "00:27:09", "text": "DTCC?"}, {"start": "00:27:13", "end": "00:27:19", "text": "I don't know why so many of you guys"}, {"start": "00:27:15", "end": "00:27:21", "text": "like are really into Stellar."}, {"start": "00:27:19", "end": "00:27:24", "text": "So many of you guys talking about it."}, {"start": "00:27:21", "end": "00:27:26", "text": "But hey, if you guys hold stellar and"}, {"start": "00:27:24", "end": "00:27:31", "text": "it's moving,"}, {"start": "00:27:26", "end": "00:27:31", "text": "good. Nothing nothing wrong with that."}, {"start": "00:27:37", "end": "00:27:42", "text": "Soul, unfortunately, has been taking a"}, {"start": "00:27:39", "end": "00:27:45", "text": "beating. It's back down to February"}, {"start": "00:27:42", "end": "00:27:45", "text": "levels."}, {"start": "00:27:48", "end": "00:27:52", "text": "Why? Why is this not moving"}, {"start": "00:28:02", "end": "00:28:08", "text": "ETH?"}, {"start": "00:28:05", "end": "00:28:14", "text": "Yeah, back to February levels. Only"}, {"start": "00:28:08", "end": "00:28:14", "text": "Bitcoin is still above February levels."}, {"start": "00:28:26", "end": "00:28:32", "text": "Unfortunately, it's just uh this war"}, {"start": "00:28:29", "end": "00:28:36", "text": "thing never ends and"}, {"start": "00:28:32", "end": "00:28:40", "text": "we we continue to have these large large"}, {"start": "00:28:36", "end": "00:28:42", "text": "long flushes. You know, if we didn't"}, {"start": "00:28:40", "end": "00:28:44", "text": "have leverage,"}, {"start": "00:28:42", "end": "00:28:47", "text": "I would think the market would be a lot"}, {"start": "00:28:44", "end": "00:28:50", "text": "healthier because every time we seem to"}, {"start": "00:28:47", "end": "00:28:53", "text": "have some good momentum, what happens?"}, {"start": "00:28:50", "end": "00:28:55", "text": "Boom. You get a big flush."}, {"start": "00:28:53", "end": "00:28:57", "text": "But the good thing is, and I actually"}, {"start": "00:28:55", "end": "00:28:59", "text": "mentioned this yesterday, if you're"}, {"start": "00:28:57", "end": "00:29:02", "text": "looking at like the couple the"}, {"start": "00:28:59", "end": "00:29:05", "text": "liquidation heat map, we cleared out a"}, {"start": "00:29:02", "end": "00:29:08", "text": "lot of leverage. Okay? If you could see"}, {"start": "00:29:05", "end": "00:29:11", "text": "even on the one week,"}, {"start": "00:29:08", "end": "00:29:13", "text": "we cleared out a whole bunch of leverage"}, {"start": "00:29:11", "end": "00:29:15", "text": "going downwards."}, {"start": "00:29:13", "end": "00:29:18", "text": "So"}, {"start": "00:29:15", "end": "00:29:21", "text": "the good thing is there's not that much"}, {"start": "00:29:18", "end": "00:29:23", "text": "leverage below where we are. Like all"}, {"start": "00:29:21", "end": "00:29:26", "text": "the meat"}, {"start": "00:29:23", "end": "00:29:29", "text": "is gone, right? We had a lot and I I"}, {"start": "00:29:26", "end": "00:29:32", "text": "showcased this on on this pressure map"}, {"start": "00:29:29", "end": "00:29:34", "text": "also the other day about some levels"}, {"start": "00:29:32", "end": "00:29:37", "text": "right around where we are. So, we"}, {"start": "00:29:34", "end": "00:29:40", "text": "cleared it. So, there's one more. If we"}, {"start": "00:29:37", "end": "00:29:42", "text": "were to fall, there's really one more at"}, {"start": "00:29:40", "end": "00:29:44", "text": "73,200."}, {"start": "00:29:42", "end": "00:29:48", "text": "And that's pretty much it. But if you"}, {"start": "00:29:44", "end": "00:29:50", "text": "look at going to the upside now, there"}, {"start": "00:29:48", "end": "00:29:54", "text": "are a lot of levels"}, {"start": "00:29:50", "end": "00:29:58", "text": "for shorts to be flushed."}, {"start": "00:29:54", "end": "00:30:02", "text": "Right now, we got a ton of levels"}, {"start": "00:29:58", "end": "00:30:03", "text": "for the shorts to be flushed with. So,"}, {"start": "00:30:02", "end": "00:30:05", "text": "that's the good thing. We kind of"}, {"start": "00:30:03", "end": "00:30:07", "text": "flushed out everything on the down on"}, {"start": "00:30:05", "end": "00:30:10", "text": "the on the long side. There's a little"}, {"start": "00:30:07", "end": "00:30:13", "text": "bit left at 73,000, but then outside of"}, {"start": "00:30:10", "end": "00:30:16", "text": "that,"}, {"start": "00:30:13", "end": "00:30:19", "text": "we got a lot of shorts waiting to be"}, {"start": "00:30:16", "end": "00:30:19", "text": "flushed."}, {"start": "00:30:30", "end": "00:30:34", "text": "It's hard to keep the powder dry with"}, {"start": "00:30:32", "end": "00:30:39", "text": "all the tears."}, {"start": "00:30:34", "end": "00:30:39", "text": "That's actually kind of funny. Um,"}, {"start": "00:30:43", "end": "00:30:46", "text": "so who is winning from leverage being"}, {"start": "00:30:44", "end": "00:30:49", "text": "liquidated? Is it Binance? Is all the"}, {"start": "00:30:46", "end": "00:30:52", "text": "exchanges that offer it?"}, {"start": "00:30:49", "end": "00:30:55", "text": "Every single one. Exchanges win no"}, {"start": "00:30:52", "end": "00:30:59", "text": "matter what. If you win or lose to the"}, {"start": "00:30:55", "end": "00:31:01", "text": "downside or upside, it does not matter."}, {"start": "00:30:59", "end": "00:31:03", "text": "They win because of the fees that they"}, {"start": "00:31:01", "end": "00:31:06", "text": "collect,"}, {"start": "00:31:03", "end": "00:31:06", "text": "right?"}, {"start": "00:31:07", "end": "00:31:14", "text": "I think WBY is gonna have eight rings."}, {"start": "00:31:10", "end": "00:31:17", "text": "Hey, if WBY could get past OKC, like"}, {"start": "00:31:14", "end": "00:31:20", "text": "it's hard to watch these OKC games. It"}, {"start": "00:31:17", "end": "00:31:22", "text": "really is. But I don't know. I really"}, {"start": "00:31:20", "end": "00:31:26", "text": "want They have a shot. They could still"}, {"start": "00:31:22", "end": "00:31:30", "text": "pull back 33 and then win. If they can"}, {"start": "00:31:26", "end": "00:31:31", "text": "take out the defending champs, then uh"}, {"start": "00:31:30", "end": "00:31:33", "text": "they're gonna win a chip this year. And"}, {"start": "00:31:31", "end": "00:31:36", "text": "then probably that's gonna give him so"}, {"start": "00:31:33", "end": "00:31:38", "text": "much confidence that yeah, he could keep"}, {"start": "00:31:36", "end": "00:31:41", "text": "winning. It's it's hard to see anyone"}, {"start": "00:31:38", "end": "00:31:41", "text": "taking him down."}, {"start": "00:32:20", "end": "00:32:25", "text": "Can you imagine Chad and WMY trying to"}, {"start": "00:32:22", "end": "00:32:28", "text": "guard Shaq? Uh Chat will have no chance."}, {"start": "00:32:25", "end": "00:32:31", "text": "WBY would still would. Uh most likely"}, {"start": "00:32:28", "end": "00:32:33", "text": "Shaq will still get what he wants"}, {"start": "00:32:31", "end": "00:32:36", "text": "anytime he wants, but when Shaq gets"}, {"start": "00:32:33", "end": "00:32:39", "text": "tired, you know, that's when WMBB steps"}, {"start": "00:32:36", "end": "00:32:39", "text": "in."}, {"start": "00:32:40", "end": "00:32:44", "text": "I mean, Shaq would have equally as hard"}, {"start": "00:32:42", "end": "00:32:48", "text": "time guarding WBY, too, because Wem is"}, {"start": "00:32:44", "end": "00:32:50", "text": "like he got he got the moves. He could"}, {"start": "00:32:48", "end": "00:32:55", "text": "shoot from the outside, which Shaq hates"}, {"start": "00:32:50", "end": "00:32:57", "text": "guarding. And Wem is pretty damn quick"}, {"start": "00:32:55", "end": "00:32:59", "text": "uh driving in the lane, too. So, I think"}, {"start": "00:32:57", "end": "00:33:01", "text": "equally they will have a hard time"}, {"start": "00:32:59", "end": "00:33:03", "text": "guarding each other. But there, no one's"}, {"start": "00:33:01", "end": "00:33:05", "text": "going to guard Shaq. No one can"}, {"start": "00:33:03", "end": "00:33:07", "text": "one-on-one Shaq. That's just bottom"}, {"start": "00:33:05", "end": "00:33:10", "text": "line."}, {"start": "00:33:07", "end": "00:33:10", "text": "Um,"}, {"start": "00:33:11", "end": "00:33:15", "text": "actually back in the day, I think"}, {"start": "00:33:13", "end": "00:33:16", "text": "Sabonis actually did the best because he"}, {"start": "00:33:15", "end": "00:33:19", "text": "was the biggest. He had the most weight"}, {"start": "00:33:16", "end": "00:33:22", "text": "on him. Uh, and Yao Ming did pretty"}, {"start": "00:33:19", "end": "00:33:24", "text": "well, too, because he had had a he had"}, {"start": "00:33:22", "end": "00:33:26", "text": "some weight to him. But, you know, if"}, {"start": "00:33:24", "end": "00:33:29", "text": "you're skinny, you just don't have a"}, {"start": "00:33:26", "end": "00:33:29", "text": "chance."}, {"start": "00:34:10", "end": "00:34:13", "text": "Yeah."}, {"start": "00:34:22", "end": "00:34:29", "text": "Stocks doing well today."}, {"start": "00:34:26", "end": "00:34:33", "text": "Not really."}, {"start": "00:34:29", "end": "00:34:35", "text": "Microsoft is up. Almost all the big tech"}, {"start": "00:34:33", "end": "00:34:38", "text": "companies."}, {"start": "00:34:35", "end": "00:34:42", "text": "AI not really moving. Only Microsoft is"}, {"start": "00:34:38", "end": "00:34:46", "text": "up today. Nvidia barely. Apple barely."}, {"start": "00:34:42", "end": "00:34:46", "text": "Meta barely."}, {"start": "00:34:48", "end": "00:34:52", "text": "Palunteer is up."}, {"start": "00:34:56", "end": "00:35:01", "text": "Yeah. Another big thing is, you know,"}, {"start": "00:34:58", "end": "00:35:03", "text": "you it's pretty obvious."}, {"start": "00:35:01", "end": "00:35:05", "text": "Another big thing that's holding us back"}, {"start": "00:35:03", "end": "00:35:10", "text": "is I think a lot of money is shifting"}, {"start": "00:35:05", "end": "00:35:13", "text": "into AI too, AI companies. So,"}, {"start": "00:35:10", "end": "00:35:14", "text": "some of these large ETF outflows,"}, {"start": "00:35:13", "end": "00:35:16", "text": "right? I think it's just like"}, {"start": "00:35:14", "end": "00:35:18", "text": "reallocation."}, {"start": "00:35:16", "end": "00:35:22", "text": "It's not that they"}, {"start": "00:35:18", "end": "00:35:24", "text": "they hate crypto or hate Bitcoin. It's"}, {"start": "00:35:22", "end": "00:35:27", "text": "just that right now it's more profitable"}, {"start": "00:35:24", "end": "00:35:29", "text": "to be in AI. That's why a lot of the"}, {"start": "00:35:27", "end": "00:35:32", "text": "miners have done the same thing. It it"}, {"start": "00:35:29", "end": "00:35:35", "text": "sucks for miners to do that though, you"}, {"start": "00:35:32", "end": "00:35:39", "text": "know, because they hold so much. They've"}, {"start": "00:35:35", "end": "00:35:42", "text": "been like hoarding and they have a ton"}, {"start": "00:35:39", "end": "00:35:45", "text": "and it kind of sucks when miners start"}, {"start": "00:35:42", "end": "00:35:48", "text": "doing that. Um, but a lot of them, you"}, {"start": "00:35:45", "end": "00:35:51", "text": "know, they're under pressure. A lot of"}, {"start": "00:35:48", "end": "00:35:53", "text": "these miners, they"}, {"start": "00:35:51", "end": "00:35:55", "text": "became public trade companies, right?"}, {"start": "00:35:53", "end": "00:35:58", "text": "And because of that, they have"}, {"start": "00:35:55", "end": "00:36:01", "text": "shareholders to to worry about and they"}, {"start": "00:35:58", "end": "00:36:04", "text": "have a board that is giving the, you"}, {"start": "00:36:01", "end": "00:36:06", "text": "know, CEOs pressure like, hey, you gota"}, {"start": "00:36:04", "end": "00:36:09", "text": "you got to do what's best for our stock"}, {"start": "00:36:06", "end": "00:36:12", "text": "and stuff like that. So"}, {"start": "00:36:09", "end": "00:36:15", "text": "that unfortunately is also holding us"}, {"start": "00:36:12", "end": "00:36:15", "text": "back."}, {"start": "00:36:28", "end": "00:36:31", "text": "What's surprising about this is I don't"}, {"start": "00:36:29", "end": "00:36:35", "text": "know if you guys kept up but what's"}, {"start": "00:36:31", "end": "00:36:38", "text": "surprising is Google is the second"}, {"start": "00:36:35", "end": "00:36:41", "text": "biggest now"}, {"start": "00:36:38", "end": "00:36:44", "text": "Google has always been like a fourth you"}, {"start": "00:36:41", "end": "00:36:47", "text": "know under Apple Microsoft it was Nvidia"}, {"start": "00:36:44", "end": "00:36:50", "text": "Apple Microsoft Google and it Microsoft"}, {"start": "00:36:47", "end": "00:36:55", "text": "and Apple would flip-flop sometimes but"}, {"start": "00:36:50", "end": "00:36:57", "text": "Google is now above Apple and is barely"}, {"start": "00:36:55", "end": "00:37:00", "text": "below Nvidia. Yeah,"}, {"start": "00:36:57", "end": "00:37:05", "text": "that's kind of crazy to me. Like I did"}, {"start": "00:37:00", "end": "00:37:08", "text": "not know how big they got. Even AMD"}, {"start": "00:37:05", "end": "00:37:10", "text": "AMD, well, this is just an AI, but AMD"}, {"start": "00:37:08", "end": "00:37:14", "text": "is close to a billion. Micron got to a"}, {"start": "00:37:10", "end": "00:37:19", "text": "billion. Intel's coming back up. A lot"}, {"start": "00:37:14", "end": "00:37:19", "text": "of these guys just moving like crazy."}, {"start": "00:37:22", "end": "00:37:29", "text": "Why has hype been doing so well? Hype is"}, {"start": "00:37:24", "end": "00:37:32", "text": "all about trading and leverage."}, {"start": "00:37:29", "end": "00:37:34", "text": "They have a ton of volume. People love"}, {"start": "00:37:32", "end": "00:37:36", "text": "to trade,"}, {"start": "00:37:34", "end": "00:37:40", "text": "right? Which is fine. People love to"}, {"start": "00:37:36", "end": "00:37:42", "text": "trade, but"}, {"start": "00:37:40", "end": "00:37:46", "text": "this happens."}, {"start": "00:37:42", "end": "00:37:48", "text": "There are too many too many"}, {"start": "00:37:46", "end": "00:37:51", "text": "um"}, {"start": "00:37:48", "end": "00:37:55", "text": "too many amateur traders that are for"}, {"start": "00:37:51", "end": "00:37:59", "text": "sure like they think for sure they're"}, {"start": "00:37:55", "end": "00:38:00", "text": "right and they play with long leverage"}, {"start": "00:37:59", "end": "00:38:03", "text": "and this is what happens right so"}, {"start": "00:38:00", "end": "00:38:05", "text": "someone asks oh who benefits from from"}, {"start": "00:38:03", "end": "00:38:08", "text": "liquidations"}, {"start": "00:38:05", "end": "00:38:10", "text": "it's not who benefits it's basically any"}, {"start": "00:38:08", "end": "00:38:13", "text": "trades benefit the exchanges this"}, {"start": "00:38:10", "end": "00:38:16", "text": "includes hyperlquid"}, {"start": "00:38:13", "end": "00:38:17", "text": "Um, but I think Hyperlid is different"}, {"start": "00:38:16", "end": "00:38:20", "text": "because they take all their fees and"}, {"start": "00:38:17", "end": "00:38:22", "text": "they've been buying hype with it and I"}, {"start": "00:38:20", "end": "00:38:24", "text": "think it's been 100%. They didn't say it"}, {"start": "00:38:22", "end": "00:38:25", "text": "was going to be 100% but right now"}, {"start": "00:38:24", "end": "00:38:28", "text": "they're doing that and it has been"}, {"start": "00:38:25", "end": "00:38:31", "text": "working. That's why they're climbing up."}, {"start": "00:38:28", "end": "00:38:35", "text": "But all the fees,"}, {"start": "00:38:31", "end": "00:38:38", "text": "you know, that's how they make money"}, {"start": "00:38:35", "end": "00:38:41", "text": "and unfortunately leads to flush outs"}, {"start": "00:38:38", "end": "00:38:41", "text": "like this."}, {"start": "00:38:50", "end": "00:38:54", "text": "They don't burn tokens. They've been"}, {"start": "00:38:52", "end": "00:38:57", "text": "buying tokens. They've been buying their"}, {"start": "00:38:54", "end": "00:38:57", "text": "own hype tokens."}, {"start": "00:39:01", "end": "00:39:08", "text": "I I do do the same with Clash. It's just"}, {"start": "00:39:04", "end": "00:39:08", "text": "I have no profits right now."}, {"start": "00:39:09", "end": "00:39:13", "text": "Ask Clash is free right now, right? I"}, {"start": "00:39:11", "end": "00:39:15", "text": "haven't been charging a subscription. A"}, {"start": "00:39:13", "end": "00:39:18", "text": "lot of you guys are using it, but I'm"}, {"start": "00:39:15", "end": "00:39:20", "text": "adding more and more stuff to the point"}, {"start": "00:39:18", "end": "00:39:23", "text": "where eventually if it cost me so much"}, {"start": "00:39:20", "end": "00:39:25", "text": "to run, I need to charge subscription."}, {"start": "00:39:23", "end": "00:39:28", "text": "And part of that revenue is going to be"}, {"start": "00:39:25", "end": "00:39:29", "text": "used to buy Clash. And Clash is the same"}, {"start": "00:39:28", "end": "00:39:31", "text": "thing. It's just that we haven't"}, {"start": "00:39:29", "end": "00:39:33", "text": "generated enough sole revenue to make a"}, {"start": "00:39:31", "end": "00:39:37", "text": "difference."}, {"start": "00:39:33", "end": "00:39:37", "text": "But yet, it's exactly the same model."}, {"start": "00:39:40", "end": "00:39:48", "text": "Is it going back to 60K? I I think it's"}, {"start": "00:39:43", "end": "00:39:50", "text": "unlikely to go back to 60."}, {"start": "00:39:48", "end": "00:39:52", "text": "And I think it's unlikely we even touch"}, {"start": "00:39:50", "end": "00:39:57", "text": "high 60s. Like right now, we have a lot"}, {"start": "00:39:52", "end": "00:39:58", "text": "of resistances that will help us. Um, I"}, {"start": "00:39:57", "end": "00:40:01", "text": "don't know what's wrong with my cursor"}, {"start": "00:39:58", "end": "00:40:05", "text": "here, but"}, {"start": "00:40:01", "end": "00:40:09", "text": "if we go back, there's a lot of levels."}, {"start": "00:40:05", "end": "00:40:11", "text": "Let's go back. Like we have a 74K one"}, {"start": "00:40:09", "end": "00:40:14", "text": "over here."}, {"start": "00:40:11", "end": "00:40:17", "text": "And then you could go back. There's one"}, {"start": "00:40:14", "end": "00:40:19", "text": "like down here. Like, yeah, we got"}, {"start": "00:40:17", "end": "00:40:22", "text": "several in a 74. So, I I doubt that"}, {"start": "00:40:19", "end": "00:40:27", "text": "we're going to go below 74 unless"}, {"start": "00:40:22", "end": "00:40:27", "text": "something catastrophic happens."}, {"start": "00:40:27", "end": "00:40:30", "text": "then"}, {"start": "00:40:30", "end": "00:40:36", "text": "that maybe but I I I don't see us doing"}, {"start": "00:40:33", "end": "00:40:36", "text": "that."}, {"start": "00:40:56", "end": "00:41:01", "text": "Wait a minute. Was my thing outdated?"}, {"start": "00:40:59", "end": "00:41:03", "text": "I'm sorry. Yeah, something's wrong with"}, {"start": "00:41:01", "end": "00:41:05", "text": "my stock thing. All right, I'm gonna"}, {"start": "00:41:03", "end": "00:41:06", "text": "have to fix this. Something happened"}, {"start": "00:41:05", "end": "00:41:09", "text": "with the price. We're actually already"}, {"start": "00:41:06", "end": "00:41:12", "text": "below that. We're actually at 70"}, {"start": "00:41:09", "end": "00:41:16", "text": "73."}, {"start": "00:41:12", "end": "00:41:16", "text": "So, my bad."}, {"start": "00:41:19", "end": "00:41:25", "text": "my uh"}, {"start": "00:41:22", "end": "00:41:29", "text": "my pro chart. Something happened to it."}, {"start": "00:41:25", "end": "00:41:29", "text": "The price is a little bit off"}, {"start": "00:41:45", "end": "00:41:50", "text": "atrocious. I'm using GBT and codeex to"}, {"start": "00:41:47", "end": "00:41:54", "text": "create my own dashboard. Yeah, I've used"}, {"start": "00:41:50", "end": "00:41:56", "text": "the primarily I use my own agent now,"}, {"start": "00:41:54", "end": "00:42:00", "text": "but"}, {"start": "00:41:56", "end": "00:42:03", "text": "I've used all the LMS."}, {"start": "00:42:00", "end": "00:42:03", "text": "Um"}, {"start": "00:42:04", "end": "00:42:08", "text": "I I got to say like this is why I built"}, {"start": "00:42:06", "end": "00:42:11", "text": "this in here. In case people are"}, {"start": "00:42:08", "end": "00:42:13", "text": "wondering, there is a AI leaderboard."}, {"start": "00:42:11", "end": "00:42:17", "text": "Um,"}, {"start": "00:42:13", "end": "00:42:22", "text": "so the two my two go-to are GBT and"}, {"start": "00:42:17", "end": "00:42:25", "text": "Cursor. Actually, Cursor's Composite 2.5"}, {"start": "00:42:22", "end": "00:42:27", "text": "is really good. Really, really good and"}, {"start": "00:42:25", "end": "00:42:29", "text": "really cheap. And you get a quota with"}, {"start": "00:42:27", "end": "00:42:32", "text": "their subscription and it's a ton. Even"}, {"start": "00:42:29", "end": "00:42:34", "text": "a $20 subscription gives you a lot of"}, {"start": "00:42:32", "end": "00:42:36", "text": "usage. So, I would highly recommend that"}, {"start": "00:42:34", "end": "00:42:39", "text": "if you're building"}, {"start": "00:42:36", "end": "00:42:42", "text": "with GBT, which is really good, but GBT"}, {"start": "00:42:39", "end": "00:42:47", "text": "I I feel like OpenAI"}, {"start": "00:42:42", "end": "00:42:48", "text": "made uh 5.5 dumber recently. I think"}, {"start": "00:42:47", "end": "00:42:50", "text": "they made it really smart at the"}, {"start": "00:42:48", "end": "00:42:52", "text": "beginning when they first released it on"}, {"start": "00:42:50", "end": "00:42:54", "text": "purpose and now they dumbed it down"}, {"start": "00:42:52", "end": "00:42:59", "text": "because now it's not nearly as good with"}, {"start": "00:42:54", "end": "00:43:02", "text": "troubleshooting, code reviews, ideas."}, {"start": "00:42:59", "end": "00:43:04", "text": "Uh, Composer 2.5 is actually really"}, {"start": "00:43:02", "end": "00:43:06", "text": "good. Really, really good. So, I would"}, {"start": "00:43:04", "end": "00:43:11", "text": "highly suggest it. It's really cheap."}, {"start": "00:43:06", "end": "00:43:11", "text": "It's onetenth the cost of 5.5."}, {"start": "00:43:22", "end": "00:43:27", "text": "So, for those of you guys that are"}, {"start": "00:43:24", "end": "00:43:27", "text": "building"}, {"start": "00:43:38", "end": "00:43:44", "text": "Uh, would you consider building a deck?"}, {"start": "00:43:40", "end": "00:43:48", "text": "Yes, actually I started. I'm basically"}, {"start": "00:43:44", "end": "00:43:50", "text": "75% done with the decks on ass clash."}, {"start": "00:43:48", "end": "00:43:53", "text": "So,"}, {"start": "00:43:50", "end": "00:43:55", "text": "yeah, it's quite simple. Uh, but the"}, {"start": "00:43:53", "end": "00:43:57", "text": "decks I want to build is a going to be a"}, {"start": "00:43:55", "end": "00:44:01", "text": "little bit different. You can set a"}, {"start": "00:43:57", "end": "00:44:04", "text": "stop-loss, you can take profits. Um, you"}, {"start": "00:44:01", "end": "00:44:06", "text": "could also DCA with it. So, all the"}, {"start": "00:44:04", "end": "00:44:08", "text": "features that people like, I'll build"}, {"start": "00:44:06", "end": "00:44:11", "text": "it."}, {"start": "00:44:08", "end": "00:44:16", "text": "But yeah, that's uh being built next."}, {"start": "00:44:11", "end": "00:44:18", "text": "That and more AI like agent stuff. So"}, {"start": "00:44:16", "end": "00:44:22", "text": "you can program a you could tell AI"}, {"start": "00:44:18", "end": "00:44:24", "text": "agent to do research for you for example"}, {"start": "00:44:22", "end": "00:44:27", "text": "um and want to continuously do it for"}, {"start": "00:44:24", "end": "00:44:30", "text": "you throughout the day stuff like that."}, {"start": "00:44:27", "end": "00:44:32", "text": "But"}, {"start": "00:44:30", "end": "00:44:34", "text": "um"}, {"start": "00:44:32", "end": "00:44:38", "text": "I have to figure out the economics of it"}, {"start": "00:44:34", "end": "00:44:38", "text": "because that obviously costs money."}, {"start": "00:44:54", "end": "00:45:01", "text": "Oh, look at that."}, {"start": "00:44:57", "end": "00:45:01", "text": "US market turned green."}, {"start": "00:45:07", "end": "00:45:12", "text": "That's always good."}, {"start": "00:45:09", "end": "00:45:18", "text": "something positive happened to make Wall"}, {"start": "00:45:12", "end": "00:45:18", "text": "Street come back in and start buying."}, {"start": "00:45:27", "end": "00:45:34", "text": "Uh so Bryce is asking about Claude."}, {"start": "00:45:30", "end": "00:45:36", "text": "Claude code is no longer that good. So"}, {"start": "00:45:34", "end": "00:45:39", "text": "like every day when I'm working on"}, {"start": "00:45:36", "end": "00:45:43", "text": "asslash uh I use like four different"}, {"start": "00:45:39", "end": "00:45:46", "text": "LLMs on purpose for idea generation for"}, {"start": "00:45:43", "end": "00:45:49", "text": "code reviews for"}, {"start": "00:45:46", "end": "00:45:50", "text": "just basic programming of new features."}, {"start": "00:45:49", "end": "00:45:56", "text": "Um,"}, {"start": "00:45:50", "end": "00:45:59", "text": "Claude Opus 4.7 in max mode or high mode"}, {"start": "00:45:56", "end": "00:46:02", "text": "or whatever X high is really good at"}, {"start": "00:45:59", "end": "00:46:07", "text": "code reviews and it's good at like"}, {"start": "00:46:02", "end": "00:46:11", "text": "giving broader ideas,"}, {"start": "00:46:07", "end": "00:46:13", "text": "but it's not that good at actually"}, {"start": "00:46:11", "end": "00:46:15", "text": "coding anymore. It makes a ton of"}, {"start": "00:46:13", "end": "00:46:18", "text": "mistakes and it always gives you like"}, {"start": "00:46:15", "end": "00:46:20", "text": "stupid things like, \"Oh, this refrator"}, {"start": "00:46:18", "end": "00:46:23", "text": "is going to take two weeks. You"}, {"start": "00:46:20", "end": "00:46:26", "text": "shouldn't do it.\" Or, \"Oh, it's too many"}, {"start": "00:46:23", "end": "00:46:27", "text": "too many steps.\" Like, it it has an"}, {"start": "00:46:26", "end": "00:46:32", "text": "attitude"}, {"start": "00:46:27", "end": "00:46:36", "text": "and um and it's no good. GBT55 is the"}, {"start": "00:46:32", "end": "00:46:39", "text": "best at coding right now by far, but"}, {"start": "00:46:36", "end": "00:46:41", "text": "it's horrible with idea generations and"}, {"start": "00:46:39", "end": "00:46:42", "text": "it's not that good with code reviews"}, {"start": "00:46:41", "end": "00:46:44", "text": "either. It will catch some important"}, {"start": "00:46:42", "end": "00:46:48", "text": "stuff, but it won't catch all of it. So"}, {"start": "00:46:44", "end": "00:46:50", "text": "that's where like someone like Cursor,"}, {"start": "00:46:48", "end": "00:46:53", "text": "I use Cursor, I use Kimmy, Deepseek,"}, {"start": "00:46:50", "end": "00:46:56", "text": "Gemini, I use all of them. Cursor is"}, {"start": "00:46:53", "end": "00:46:59", "text": "actually like the third best, but it's"}, {"start": "00:46:56", "end": "00:47:02", "text": "the best all around. They they came out"}, {"start": "00:46:59", "end": "00:47:05", "text": "with their own LLM that's really good"}, {"start": "00:47:02", "end": "00:47:08", "text": "with ideas and with code reviews and"}, {"start": "00:47:05", "end": "00:47:09", "text": "writing code. It's not perfect, but it's"}, {"start": "00:47:08", "end": "00:47:13", "text": "kind of like the best combination. And"}, {"start": "00:47:09", "end": "00:47:18", "text": "it's way cheaper than GBT and Opus. Both"}, {"start": "00:47:13", "end": "00:47:21", "text": "of those cost $5 whatever token input"}, {"start": "00:47:18", "end": "00:47:24", "text": "and curs is like 50 cents. So, anyone"}, {"start": "00:47:21", "end": "00:47:28", "text": "building, just FYI, I've been playing"}, {"start": "00:47:24", "end": "00:47:30", "text": "with them all. And I do actually want"}, {"start": "00:47:28", "end": "00:47:32", "text": "Grock actually came out there. Grock"}, {"start": "00:47:30", "end": "00:47:36", "text": "build too."}, {"start": "00:47:32", "end": "00:47:36", "text": "Uh, that's wrong. Sorry."}, {"start": "00:47:37", "end": "00:47:40", "text": "734."}, {"start": "00:47:43", "end": "00:47:49", "text": "I do actually want to create like um a"}, {"start": "00:47:46", "end": "00:47:51", "text": "coding agent too within Asclash for Ava"}, {"start": "00:47:49", "end": "00:47:56", "text": "because that's the personal assistant"}, {"start": "00:47:51", "end": "00:47:59", "text": "that I created and"}, {"start": "00:47:56", "end": "00:48:03", "text": "and I believe she codes better than all"}, {"start": "00:47:59", "end": "00:48:05", "text": "these codecs or cloud code or Gemini CLI"}, {"start": "00:48:03", "end": "00:48:09", "text": "because I have certain prompts and"}, {"start": "00:48:05", "end": "00:48:10", "text": "certain processes built in place. So, I"}, {"start": "00:48:09", "end": "00:48:12", "text": "was actually thinking if I should"}, {"start": "00:48:10", "end": "00:48:17", "text": "release that for any of you guys that do"}, {"start": "00:48:12", "end": "00:48:17", "text": "want to actually do really cool coding"}, {"start": "00:48:21", "end": "00:48:28", "text": "breaking US and Iran reach deal. It's so"}, {"start": "00:48:25", "end": "00:48:31", "text": "funny. Every day there's like something"}, {"start": "00:48:28", "end": "00:48:33", "text": "that says they made a deal and then all"}, {"start": "00:48:31", "end": "00:48:37", "text": "of a sudden you have strikes and"}, {"start": "00:48:33", "end": "00:48:40", "text": "retaliation strikes. It's like make up"}, {"start": "00:48:37", "end": "00:48:42", "text": "your mind. Is it a real deal or not? I"}, {"start": "00:48:40", "end": "00:48:44", "text": "thought they had a deal the day before"}, {"start": "00:48:42", "end": "00:48:46", "text": "because they already Iran media leaked"}, {"start": "00:48:44", "end": "00:48:49", "text": "it out saying that, you know, they're"}, {"start": "00:48:46", "end": "00:48:50", "text": "going to open up the hormuz and US is"}, {"start": "00:48:49", "end": "00:48:52", "text": "going to pull back all military and all"}, {"start": "00:48:50", "end": "00:48:58", "text": "this stuff. And all of a sudden then"}, {"start": "00:48:52", "end": "00:48:58", "text": "they had these fresh strikes."}, {"start": "00:48:58", "end": "00:49:07", "text": "So it's like, is it real? Is it not? I"}, {"start": "00:49:04", "end": "00:49:09", "text": "have no idea at this point. Hopefully,"}, {"start": "00:49:07", "end": "00:49:13", "text": "it is. And maybe that's why the market"}, {"start": "00:49:09", "end": "00:49:13", "text": "is coming back up again."}, {"start": "00:49:25", "end": "00:49:31", "text": "Yeah, this 33 minutes ago. I don't see"}, {"start": "00:49:28", "end": "00:49:34", "text": "anything. Uh,"}, {"start": "00:49:31", "end": "00:49:34", "text": "let's see."}, {"start": "00:49:40", "end": "00:49:46", "text": "Yeah, this all from like a day ago. I"}, {"start": "00:49:42", "end": "00:49:46", "text": "don't see anything new on here."}, {"start": "00:49:53", "end": "00:49:59", "text": "All right, guys. I'm going to go fix a"}, {"start": "00:49:56", "end": "00:50:02", "text": "few of these bugs so that they don't"}, {"start": "00:49:59", "end": "00:50:03", "text": "exist anymore."}, {"start": "00:50:02", "end": "00:50:05", "text": "But it's good to see that we're turning"}, {"start": "00:50:03", "end": "00:50:09", "text": "around. I mean, unfortunately,"}, {"start": "00:50:05", "end": "00:50:12", "text": "the bottom line is"}, {"start": "00:50:09", "end": "00:50:14", "text": "we still got all this geopolitical"}, {"start": "00:50:12", "end": "00:50:17", "text": "stuff. Hopefully,"}, {"start": "00:50:14", "end": "00:50:21", "text": "whatever that broke is real. There's"}, {"start": "00:50:17", "end": "00:50:23", "text": "actually a real end to it. Just seems"}, {"start": "00:50:21", "end": "00:50:26", "text": "like these days you got a deal and then"}, {"start": "00:50:23", "end": "00:50:28", "text": "you have a strike and then you have a"}, {"start": "00:50:26", "end": "00:50:30", "text": "deal, you have a strike. It's It's just"}, {"start": "00:50:28", "end": "00:50:32", "text": "messing with things. It's messing with"}, {"start": "00:50:30", "end": "00:50:34", "text": "things. Hopefully that comes to"}, {"start": "00:50:32", "end": "00:50:37", "text": "conclusion and hopefully people learn"}, {"start": "00:50:34", "end": "00:50:39", "text": "their lesson and stop getting wrecked by"}, {"start": "00:50:37", "end": "00:50:41", "text": "liquidation. Not only are they wrecking"}, {"start": "00:50:39", "end": "00:50:46", "text": "themselves, but these flushes just no"}, {"start": "00:50:41", "end": "00:50:49", "text": "good overall for the entire space."}, {"start": "00:50:46", "end": "00:50:51", "text": "However, like I've been saying, there"}, {"start": "00:50:49", "end": "00:50:54", "text": "are a lot of great things, too. So,"}, {"start": "00:50:51", "end": "00:50:55", "text": "don't ignore those. Okay? This is one of"}, {"start": "00:50:54", "end": "00:50:58", "text": "those times where you just have to hold"}, {"start": "00:50:55", "end": "00:51:00", "text": "strong and you get through it."}, {"start": "00:50:58", "end": "00:51:04", "text": "All right? Smash the like. Subscribe to"}, {"start": "00:51:00", "end": "00:51:04", "text": "the channel. Take care, guys."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Welcome back. So today kind of a mixed"}, {"start": "00:00:04", "end": "00:00:10", "text": "day. Even stocks, some did well, some"}, {"start": "00:00:07", "end": "00:00:12", "text": "didn't. Crypto not so good. This is"}, {"start": "00:00:10", "end": "00:00:17", "text": "despite the fact that we got some pretty"}, {"start": "00:00:12", "end": "00:00:20", "text": "good news from the Middle East about"}, {"start": "00:00:17", "end": "00:00:22", "text": "the war ending. So let's talk about it"}, {"start": "00:00:20", "end": "00:00:26", "text": "and also let's talk about a couple big"}, {"start": "00:00:22", "end": "00:00:29", "text": "things happening tomorrow."}, {"start": "00:00:26", "end": "00:00:31", "text": "So let's do it. So this was announced"}, {"start": "00:00:29", "end": "00:00:34", "text": "this morning. Okay. And it seems like it"}, {"start": "00:00:31", "end": "00:00:38", "text": "has been confirmed and that is there is"}, {"start": "00:00:34", "end": "00:00:40", "text": "a deal. Maybe this is just a small part"}, {"start": "00:00:38", "end": "00:00:44", "text": "of the deal. But we do have a deal"}, {"start": "00:00:40", "end": "00:00:48", "text": "between the US and Iran in terms of okay"}, {"start": "00:00:44", "end": "00:00:51", "text": "the US is going to withdraw troops."}, {"start": "00:00:48", "end": "00:00:54", "text": "The US Navy will lift its blockade. Iran"}, {"start": "00:00:51", "end": "00:00:55", "text": "will be restoring a number of commercial"}, {"start": "00:00:54", "end": "00:00:59", "text": "transits."}, {"start": "00:00:55", "end": "00:01:02", "text": "Right? So basically they're opening up"}, {"start": "00:00:59", "end": "00:01:04", "text": "the straight of Hormuz, right? This is"}, {"start": "00:01:02", "end": "00:01:09", "text": "the reason why oil started going down"}, {"start": "00:01:04", "end": "00:01:13", "text": "and it seems like this is a done deal,"}, {"start": "00:01:09", "end": "00:01:16", "text": "right? However, I don't know if it's a"}, {"start": "00:01:13", "end": "00:01:19", "text": "done deal because Trump is saying their"}, {"start": "00:01:16", "end": "00:01:23", "text": "navy is gone, their air force is gone,"}, {"start": "00:01:19", "end": "00:01:27", "text": "Iran is negotiating on fumes. So, uh,"}, {"start": "00:01:23", "end": "00:01:30", "text": "bottom line is he says this is not going"}, {"start": "00:01:27", "end": "00:01:32", "text": "to be rushed, but you know, the Iran"}, {"start": "00:01:30", "end": "00:01:33", "text": "media already leaked it out, so that's"}, {"start": "00:01:32", "end": "00:01:35", "text": "why oil started going down. But, you"}, {"start": "00:01:33", "end": "00:01:39", "text": "know, like we're still kind of in a"}, {"start": "00:01:35", "end": "00:01:42", "text": "standstill, but it does look and sound"}, {"start": "00:01:39", "end": "00:01:45", "text": "promising, which is something that we've"}, {"start": "00:01:42", "end": "00:01:49", "text": "been waiting for for a long, long time,"}, {"start": "00:01:45", "end": "00:01:52", "text": "right? So right now, even though"}, {"start": "00:01:49", "end": "00:01:55", "text": "even though crypto is still kind of like"}, {"start": "00:01:52", "end": "00:01:58", "text": "holding right now. So right here, as you"}, {"start": "00:01:55", "end": "00:02:00", "text": "can see, we're we're at 744. We trended"}, {"start": "00:01:58", "end": "00:02:02", "text": "down from the 80,000, but overall, if"}, {"start": "00:02:00", "end": "00:02:05", "text": "you zoom out, you'll see that we are"}, {"start": "00:02:02", "end": "00:02:07", "text": "still trending upwards. And believe it"}, {"start": "00:02:05", "end": "00:02:10", "text": "or not, we're barely down for this"}, {"start": "00:02:07", "end": "00:02:13", "text": "month. Right? So if you're looking at"}, {"start": "00:02:10", "end": "00:02:16", "text": "the monthly returns, it was green until"}, {"start": "00:02:13", "end": "00:02:19", "text": "today. We had a couple of good months,"}, {"start": "00:02:16", "end": "00:02:22", "text": "March and April. May were barely down,"}, {"start": "00:02:19", "end": "00:02:26", "text": "but that doesn't mean things can't come"}, {"start": "00:02:22", "end": "00:02:29", "text": "up in a big way once the war is over and"}, {"start": "00:02:26", "end": "00:02:33", "text": "once we get some good"}, {"start": "00:02:29", "end": "00:02:34", "text": "data. And that data could be coming"}, {"start": "00:02:33", "end": "00:02:40", "text": "tomorrow."}, {"start": "00:02:34", "end": "00:02:45", "text": "Okay. So, tomorrow we will at 8:30 a.m."}, {"start": "00:02:40", "end": "00:02:47", "text": "we will get GDP numbers and PCE Okay."}, {"start": "00:02:45", "end": "00:02:49", "text": "And that is going to set a tone."}, {"start": "00:02:47", "end": "00:02:51", "text": "Basically,"}, {"start": "00:02:49", "end": "00:02:53", "text": "we're going to see how well our country"}, {"start": "00:02:51", "end": "00:02:57", "text": "is doing economically and more"}, {"start": "00:02:53", "end": "00:03:00", "text": "importantly, how well are we doing with"}, {"start": "00:02:57", "end": "00:03:00", "text": "inflation,"}, {"start": "00:03:00", "end": "00:03:10", "text": "right? So, tomorrow we're going to get"}, {"start": "00:03:05", "end": "00:03:11", "text": "some some hints. Now, why do they"}, {"start": "00:03:10", "end": "00:03:15", "text": "matter? Well, it definitely matters"}, {"start": "00:03:11", "end": "00:03:20", "text": "because it affects inflation. Okay? It"}, {"start": "00:03:15", "end": "00:03:23", "text": "affects what these guys are going to do."}, {"start": "00:03:20", "end": "00:03:24", "text": "The Fed, the governors, they're going to"}, {"start": "00:03:23", "end": "00:03:26", "text": "decide whether or not we're going to get"}, {"start": "00:03:24", "end": "00:03:27", "text": "a rate cut. There's going to be another"}, {"start": "00:03:26", "end": "00:03:29", "text": "FOMC meeting in June, and there's"}, {"start": "00:03:27", "end": "00:03:32", "text": "several more later this year. Are we"}, {"start": "00:03:29", "end": "00:03:36", "text": "going to get a cut? When, how much? All"}, {"start": "00:03:32", "end": "00:03:39", "text": "these things will be decided by the Fed"}, {"start": "00:03:36", "end": "00:03:44", "text": "when, you know, when we get more data,"}, {"start": "00:03:39", "end": "00:03:47", "text": "right? it it all comes down to data."}, {"start": "00:03:44", "end": "00:03:49", "text": "That's it. And if you're looking at like"}, {"start": "00:03:47", "end": "00:03:53", "text": "the calendar, you'll see that there's"}, {"start": "00:03:49", "end": "00:03:56", "text": "more stuff coming up like next week."}, {"start": "00:03:53", "end": "00:04:00", "text": "Okay. Unemployment"}, {"start": "00:03:56", "end": "00:04:02", "text": "uh and non-farm payrolls, jobs, that"}, {"start": "00:04:00", "end": "00:04:04", "text": "will definitely affect"}, {"start": "00:04:02", "end": "00:04:07", "text": "the Fed's decision as well in terms of"}, {"start": "00:04:04", "end": "00:04:10", "text": "when we're going to get a rate cut. So"}, {"start": "00:04:07", "end": "00:04:13", "text": "all these things are coming right now. I"}, {"start": "00:04:10", "end": "00:04:17", "text": "know that it's seems like it's kind of"}, {"start": "00:04:13", "end": "00:04:20", "text": "boring, kind of stale. Nothing is"}, {"start": "00:04:17", "end": "00:04:24", "text": "moving, right? But just keep in mind, we"}, {"start": "00:04:20", "end": "00:04:26", "text": "are barely down for the month. Yes, we"}, {"start": "00:04:24", "end": "00:04:28", "text": "haven't kicked off like last year yet."}, {"start": "00:04:26", "end": "00:04:30", "text": "But look at last year when things"}, {"start": "00:04:28", "end": "00:04:34", "text": "started kicking off"}, {"start": "00:04:30", "end": "00:04:37", "text": "14% 11% 2% 8%. Right? four months in a"}, {"start": "00:04:34", "end": "00:04:40", "text": "row that can certainly happen. And that"}, {"start": "00:04:37", "end": "00:04:42", "text": "was right around this time frame as"}, {"start": "00:04:40", "end": "00:04:44", "text": "well."}, {"start": "00:04:42", "end": "00:04:47", "text": "So"}, {"start": "00:04:44", "end": "00:04:50", "text": "don't give up my friends. Stay strong,"}, {"start": "00:04:47", "end": "00:04:54", "text": "stay focused. During these times is when"}, {"start": "00:04:50", "end": "00:04:57", "text": "wealth is built by buying low and"}, {"start": "00:04:54", "end": "00:05:02", "text": "selling high. Now I know a lot of you"}, {"start": "00:04:57", "end": "00:05:05", "text": "guys are into stocks now. Okay? It's"}, {"start": "00:05:02", "end": "00:05:08", "text": "hard to ignore since the stock market"}, {"start": "00:05:05", "end": "00:05:12", "text": "has been doing well and there are a lot"}, {"start": "00:05:08", "end": "00:05:16", "text": "of hot AI plays. So something new that I"}, {"start": "00:05:12", "end": "00:05:18", "text": "built today is a stock screener. We"}, {"start": "00:05:16", "end": "00:05:21", "text": "already have a lot of screeners. If you"}, {"start": "00:05:18", "end": "00:05:22", "text": "go under crypto, we have the market cap,"}, {"start": "00:05:21", "end": "00:05:25", "text": "we have token screeners, but"}, {"start": "00:05:22", "end": "00:05:27", "text": "specifically under markets, there is the"}, {"start": "00:05:25", "end": "00:05:30", "text": "stock screener. So now you have a"}, {"start": "00:05:27", "end": "00:05:33", "text": "complete overview of all your stocks."}, {"start": "00:05:30", "end": "00:05:36", "text": "You could pick out cryptoreated stocks"}, {"start": "00:05:33", "end": "00:05:39", "text": "only like Micro Strategy, Coinbase and"}, {"start": "00:05:36", "end": "00:05:43", "text": "others, but you could also go with big"}, {"start": "00:05:39", "end": "00:05:46", "text": "caps, mega caps, small caps, tech, you"}, {"start": "00:05:43", "end": "00:05:50", "text": "name it. So today overall wasn't great"}, {"start": "00:05:46", "end": "00:05:53", "text": "like Nvidia, Google, Microsoft down, but"}, {"start": "00:05:50", "end": "00:05:56", "text": "you had like Apple and Amazon and TSM"}, {"start": "00:05:53", "end": "00:05:58", "text": "some up. So it's kind of mixed, right?"}, {"start": "00:05:56", "end": "00:06:01", "text": "And Tesla today had a good day. and"}, {"start": "00:05:58", "end": "00:06:05", "text": "Tesla. There's a lot of talk about Tesla"}, {"start": "00:06:01", "end": "00:06:06", "text": "because there may be"}, {"start": "00:06:05", "end": "00:06:08", "text": "there may be a merger. I don't think"}, {"start": "00:06:06", "end": "00:06:11", "text": "it's going to happen, but Elon has not"}, {"start": "00:06:08", "end": "00:06:14", "text": "ruled it out. Said that maybe SpaceX and"}, {"start": "00:06:11", "end": "00:06:16", "text": "Tesla mergers together."}, {"start": "00:06:14", "end": "00:06:19", "text": "Okay. And that would create a absolutely"}, {"start": "00:06:16", "end": "00:06:21", "text": "huge company. But it kind of makes sense"}, {"start": "00:06:19", "end": "00:06:24", "text": "because Tesla's obviously into AI, but"}, {"start": "00:06:21", "end": "00:06:27", "text": "they also working on Optimus robots."}, {"start": "00:06:24", "end": "00:06:30", "text": "SpaceX, space exploration needs robots"}, {"start": "00:06:27", "end": "00:06:33", "text": "and it deals with satellites and it"}, {"start": "00:06:30", "end": "00:06:34", "text": "deals with AI. It kind of like does make"}, {"start": "00:06:33", "end": "00:06:37", "text": "sense if you put all together. But"}, {"start": "00:06:34", "end": "00:06:40", "text": "here's the interesting thing. Both"}, {"start": "00:06:37", "end": "00:06:42", "text": "SpaceX and Tesla own Bitcoin. If you"}, {"start": "00:06:40", "end": "00:06:45", "text": "combine them, they would have"}, {"start": "00:06:42", "end": "00:06:47", "text": "approximately about 30,000"}, {"start": "00:06:45", "end": "00:06:51", "text": "Bitcoin."}, {"start": "00:06:47", "end": "00:06:52", "text": "30,000. So around 2 something billion."}, {"start": "00:06:51", "end": "00:06:55", "text": "Now, that's chump change for this guy,"}, {"start": "00:06:52", "end": "00:06:58", "text": "but that's a lot compared to everyone"}, {"start": "00:06:55", "end": "00:07:00", "text": "else besides Sailor. Sailor and a few"}, {"start": "00:06:58", "end": "00:07:02", "text": "companies do have more, but for the most"}, {"start": "00:07:00", "end": "00:07:06", "text": "part, that is enormous amount. And that"}, {"start": "00:07:02", "end": "00:07:08", "text": "is right where we are, but when Bitcoin"}, {"start": "00:07:06", "end": "00:07:10", "text": "goes higher, obviously that goes much"}, {"start": "00:07:08", "end": "00:07:12", "text": "higher. So, it's an interesting thing to"}, {"start": "00:07:10", "end": "00:07:15", "text": "think about whether they're actually"}, {"start": "00:07:12", "end": "00:07:18", "text": "going to do that or not. So, just want"}, {"start": "00:07:15", "end": "00:07:20", "text": "to leave you with that. But outside of"}, {"start": "00:07:18", "end": "00:07:22", "text": "the stock screener this morning, some of"}, {"start": "00:07:20", "end": "00:07:24", "text": "you guys may have caught on. I did"}, {"start": "00:07:22", "end": "00:07:27", "text": "introduce staking as well for those of"}, {"start": "00:07:24", "end": "00:07:30", "text": "you guys that do want to stake, okay,"}, {"start": "00:07:27", "end": "00:07:37", "text": "natively because you hold large amounts"}, {"start": "00:07:30", "end": "00:07:39", "text": "of ADA or ALGO or ADOM or BNB or AVAX,"}, {"start": "00:07:37", "end": "00:07:42", "text": "right? You could see how much yield you"}, {"start": "00:07:39", "end": "00:07:45", "text": "can earn natively, not even with DeFi."}, {"start": "00:07:42", "end": "00:07:48", "text": "And these are just by putting into"}, {"start": "00:07:45", "end": "00:07:50", "text": "validators or staking within their"}, {"start": "00:07:48", "end": "00:07:53", "text": "wallets or even on Coinbase for example."}, {"start": "00:07:50", "end": "00:07:55", "text": "There are a lot of places that you can"}, {"start": "00:07:53", "end": "00:07:58", "text": "stake. And even with Clash too, a lot of"}, {"start": "00:07:55", "end": "00:08:00", "text": "people ask about Clash. You could do it"}, {"start": "00:07:58", "end": "00:08:02", "text": "on Clash Pics. And yeah, there are"}, {"start": "00:08:00", "end": "00:08:05", "text": "long-term events that you can park your"}, {"start": "00:08:02", "end": "00:08:08", "text": "Clash in and get 4% and and some that"}, {"start": "00:08:05", "end": "00:08:10", "text": "are lower. But this shows you everything"}, {"start": "00:08:08", "end": "00:08:12", "text": "for those of you guys that do want to do"}, {"start": "00:08:10", "end": "00:08:13", "text": "more. There's liquid staking, there's"}, {"start": "00:08:12", "end": "00:08:16", "text": "lending, there's a whole bunch of stuff"}, {"start": "00:08:13", "end": "00:08:19", "text": "in here and that's also on here for you"}, {"start": "00:08:16", "end": "00:08:21", "text": "guys to test out. All right, guys. That"}, {"start": "00:08:19", "end": "00:08:24", "text": "is it. I'll see you guys tomorrow."}, {"start": "00:08:21", "end": "00:08:27", "text": "Tomorrow's a big day. We will see what"}, {"start": "00:08:24", "end": "00:08:29", "text": "GDP and PCE brings and how that affects"}, {"start": "00:08:27", "end": "00:08:33", "text": "markets. All right, have a good one,"}, {"start": "00:08:29", "end": "00:08:33", "text": "guys. Take care. Bye-bye."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Welcome back"}, {"start": "00:00:04", "end": "00:00:10", "text": "to Cryptos Are Us. I'm George."}, {"start": "00:00:08", "end": "00:00:12", "text": "We're all George. So, welcome to another"}, {"start": "00:00:10", "end": "00:00:15", "text": "market open stream"}, {"start": "00:00:12", "end": "00:00:18", "text": "today. There are of course a lot more"}, {"start": "00:00:15", "end": "00:00:20", "text": "things to talk about. Some good things"}, {"start": "00:00:18", "end": "00:00:22", "text": "happening"}, {"start": "00:00:20", "end": "00:00:24", "text": "on the warfront. There's some great"}, {"start": "00:00:22", "end": "00:00:29", "text": "things happening outside of that. We got"}, {"start": "00:00:24", "end": "00:00:29", "text": "some economic numbers and"}, {"start": "00:00:29", "end": "00:00:36", "text": "I got some stuff to talk about in terms"}, {"start": "00:00:32", "end": "00:00:41", "text": "of overall what's happening in the"}, {"start": "00:00:36", "end": "00:00:42", "text": "space, my overall perspective of things"}, {"start": "00:00:41", "end": "00:00:45", "text": "and I'm going to give my honest take on"}, {"start": "00:00:42", "end": "00:00:50", "text": "everything. All right, let's do it guys."}, {"start": "00:00:45", "end": "00:00:52", "text": "Let's do it. Welcome, welcome, welcome."}, {"start": "00:00:50", "end": "00:00:55", "text": "I feel like a lot of people are still"}, {"start": "00:00:52", "end": "00:00:58", "text": "off because of the long weekend. People"}, {"start": "00:00:55", "end": "00:01:00", "text": "taking extra days off from work or"}, {"start": "00:00:58", "end": "00:01:02", "text": "wherever."}, {"start": "00:01:00", "end": "00:01:05", "text": "Uh but right now we are starting out the"}, {"start": "00:01:02", "end": "00:01:07", "text": "day right around 753"}, {"start": "00:01:05", "end": "00:01:10", "text": "which unfortunately is a little bit"}, {"start": "00:01:07", "end": "00:01:12", "text": "lower about 2% lower than yesterday. We"}, {"start": "00:01:10", "end": "00:01:15", "text": "are trending downwards to that support"}, {"start": "00:01:12", "end": "00:01:18", "text": "level of 743. That's what it looks like"}, {"start": "00:01:15", "end": "00:01:19", "text": "right now. But you know what? things"}, {"start": "00:01:18", "end": "00:01:22", "text": "could definitely turn around. The US"}, {"start": "00:01:19", "end": "00:01:25", "text": "market does look pretty strong today"}, {"start": "00:01:22", "end": "00:01:29", "text": "right off the bat and stocks overall"}, {"start": "00:01:25", "end": "00:01:31", "text": "have been making new highs"}, {"start": "00:01:29", "end": "00:01:35", "text": "and we did get some good news as well"}, {"start": "00:01:31", "end": "00:01:36", "text": "today. So you could see all green"}, {"start": "00:01:35", "end": "00:01:38", "text": "although NASDAQ"}, {"start": "00:01:36", "end": "00:01:43", "text": "might be a profit taking day for NASDAQ"}, {"start": "00:01:38", "end": "00:01:48", "text": "today but overall has been pretty darn"}, {"start": "00:01:43", "end": "00:01:51", "text": "strong. um US oil falls below 89. This"}, {"start": "00:01:48", "end": "00:01:53", "text": "is very positive. Whenever you see very"}, {"start": "00:01:51", "end": "00:01:56", "text": "very large drops in oil and that's"}, {"start": "00:01:53", "end": "00:02:00", "text": "because it seems like more is"}, {"start": "00:01:56", "end": "00:02:02", "text": "uh more signs of this coming to an end."}, {"start": "00:02:00", "end": "00:02:05", "text": "So supposedly Iran"}, {"start": "00:02:02", "end": "00:02:07", "text": "reported that they're going to start,"}, {"start": "00:02:05", "end": "00:02:09", "text": "you know, escorting ships out of the"}, {"start": "00:02:07", "end": "00:02:12", "text": "straight. The US is going to stop its"}, {"start": "00:02:09", "end": "00:02:14", "text": "blockade. So it seems like that's"}, {"start": "00:02:12", "end": "00:02:17", "text": "already done. it's already negotiated."}, {"start": "00:02:14", "end": "00:02:20", "text": "So they're working on a second second"}, {"start": "00:02:17", "end": "00:02:23", "text": "part or third part of this."}, {"start": "00:02:20", "end": "00:02:26", "text": "U so right now it seems like we are"}, {"start": "00:02:23", "end": "00:02:30", "text": "definitely making progress that the end"}, {"start": "00:02:26", "end": "00:02:33", "text": "of this is nearer than people think,"}, {"start": "00:02:30", "end": "00:02:35", "text": "right? Opening up the hormuz is is"}, {"start": "00:02:33", "end": "00:02:37", "text": "definitely the the biggest thing right"}, {"start": "00:02:35", "end": "00:02:41", "text": "now. A lot of countries need it. a lot"}, {"start": "00:02:37", "end": "00:02:43", "text": "of a lot of"}, {"start": "00:02:41", "end": "00:02:47", "text": "a lot of cargo ships, everything you"}, {"start": "00:02:43", "end": "00:02:51", "text": "name it. Okay, oil tankers,"}, {"start": "00:02:47", "end": "00:02:53", "text": "they're being allowed through now. So,"}, {"start": "00:02:51", "end": "00:02:55", "text": "uh that's why oil is going down. And"}, {"start": "00:02:53", "end": "00:02:57", "text": "when oil goes down, it's good. Prices go"}, {"start": "00:02:55", "end": "00:03:00", "text": "down."}, {"start": "00:02:57", "end": "00:03:03", "text": "Shipping, manufacturing,"}, {"start": "00:03:00", "end": "00:03:09", "text": "gas price, everything, everything's"}, {"start": "00:03:03", "end": "00:03:13", "text": "going down. So overall that is good."}, {"start": "00:03:09", "end": "00:03:16", "text": "And then uh we're supposed to get some"}, {"start": "00:03:13", "end": "00:03:20", "text": "economic data too today. We're supposed"}, {"start": "00:03:16", "end": "00:03:23", "text": "to get GDP PC inflation"}, {"start": "00:03:20", "end": "00:03:28", "text": "that should be out like now. I didn't I"}, {"start": "00:03:23", "end": "00:03:30", "text": "didn't see it actually come up. Uh so"}, {"start": "00:03:28", "end": "00:03:31", "text": "we'll actually see if it actually"}, {"start": "00:03:30", "end": "00:03:36", "text": "updates."}, {"start": "00:03:31", "end": "00:03:41", "text": "Did it update? No, it did not. Okay."}, {"start": "00:03:36", "end": "00:03:43", "text": "Weird. Weird. But, you know, hoping that"}, {"start": "00:03:41", "end": "00:03:47", "text": "PCE I didn't even see it on here. It"}, {"start": "00:03:43", "end": "00:03:50", "text": "should have been out already. Uh,"}, {"start": "00:03:47", "end": "00:03:52", "text": "no, I don't see it."}, {"start": "00:03:50", "end": "00:03:54", "text": "Well, I'll have to dig for the numbers"}, {"start": "00:03:52", "end": "00:03:58", "text": "during Q&A, but obviously with economic"}, {"start": "00:03:54", "end": "00:04:01", "text": "numbers like PC inflation probably going"}, {"start": "00:03:58", "end": "00:04:04", "text": "to show that things are higher because"}, {"start": "00:04:01", "end": "00:04:08", "text": "of oil just like the last few that we"}, {"start": "00:04:04", "end": "00:04:11", "text": "got. Excuse me."}, {"start": "00:04:08", "end": "00:04:14", "text": "But, you know, with this opening, it'll"}, {"start": "00:04:11", "end": "00:04:18", "text": "definitely help bring things down"}, {"start": "00:04:14", "end": "00:04:22", "text": "a lot. So, it's good. Uh, what else?"}, {"start": "00:04:18", "end": "00:04:24", "text": "What else is going on? Um, a lot of AI"}, {"start": "00:04:22", "end": "00:04:27", "text": "news. Everything is AI these days. Can't"}, {"start": "00:04:24", "end": "00:04:32", "text": "ignore it. Nvidia is going to spend $150"}, {"start": "00:04:27", "end": "00:04:34", "text": "billion a year going forward in Taiwan."}, {"start": "00:04:32", "end": "00:04:38", "text": "They're building their new constellation"}, {"start": "00:04:34", "end": "00:04:42", "text": "complex in Taiwan."}, {"start": "00:04:38", "end": "00:04:46", "text": "and they pledged to go put a lot more"}, {"start": "00:04:42", "end": "00:04:48", "text": "money and resources and"}, {"start": "00:04:46", "end": "00:04:51", "text": "jobs"}, {"start": "00:04:48", "end": "00:04:54", "text": "at their new location, which is which is"}, {"start": "00:04:51", "end": "00:04:58", "text": "interesting. I'm actually surprised"}, {"start": "00:04:54", "end": "00:05:00", "text": "that he's not building that in the US,"}, {"start": "00:04:58", "end": "00:05:02", "text": "but it makes sense because all the chips"}, {"start": "00:05:00", "end": "00:05:06", "text": "and stuff are still coming out from"}, {"start": "00:05:02", "end": "00:05:10", "text": "Taiwan. So, that makes sense. But I'm"}, {"start": "00:05:06", "end": "00:05:12", "text": "pretty sure there were plans"}, {"start": "00:05:10", "end": "00:05:15", "text": "already in place, pledges in place by"}, {"start": "00:05:12", "end": "00:05:17", "text": "Nvidia and Jensen to build more in the"}, {"start": "00:05:15", "end": "00:05:19", "text": "US."}, {"start": "00:05:17", "end": "00:05:21", "text": "Um"}, {"start": "00:05:19", "end": "00:05:23", "text": "SpaceX, even though it's not AI company,"}, {"start": "00:05:21", "end": "00:05:26", "text": "it really is. And everyone's looking"}, {"start": "00:05:23", "end": "00:05:27", "text": "forward to this IPO that's coming out"}, {"start": "00:05:26", "end": "00:05:30", "text": "could be could make SpaceX the biggest"}, {"start": "00:05:27", "end": "00:05:33", "text": "company on the planet"}, {"start": "00:05:30", "end": "00:05:36", "text": "or at least in the top five. But now"}, {"start": "00:05:33", "end": "00:05:41", "text": "there's talks about"}, {"start": "00:05:36", "end": "00:05:42", "text": "maybe Tesla just merges into SpaceX. Now"}, {"start": "00:05:41", "end": "00:05:45", "text": "it's like why not just merge everything"}, {"start": "00:05:42", "end": "00:05:47", "text": "into one?"}, {"start": "00:05:45", "end": "00:05:51", "text": "I should I should copy this playbook. I"}, {"start": "00:05:47", "end": "00:05:54", "text": "should totally copy this playbook."}, {"start": "00:05:51", "end": "00:05:57", "text": "I'll talk about it later. But um but"}, {"start": "00:05:54", "end": "00:06:01", "text": "yeah, SpaceX is is uh is estimated to"}, {"start": "00:05:57", "end": "00:06:04", "text": "raise, you know, two to three billion uh"}, {"start": "00:06:01", "end": "00:06:04", "text": "trillion"}, {"start": "00:06:04", "end": "00:06:09", "text": "um after it goes IPO. Not raised, but"}, {"start": "00:06:07", "end": "00:06:15", "text": "it'll be valued at two to three trillion"}, {"start": "00:06:09", "end": "00:06:17", "text": "after IPO. And depending on"}, {"start": "00:06:15", "end": "00:06:19", "text": "interest, it could go a lot higher. Some"}, {"start": "00:06:17", "end": "00:06:22", "text": "people think it could be five trillion"}, {"start": "00:06:19", "end": "00:06:24", "text": "right after the first day. It would be"}, {"start": "00:06:22", "end": "00:06:27", "text": "crazy because it's part of SpaceX now is"}, {"start": "00:06:24", "end": "00:06:29", "text": "not just space exploration, but also AI."}, {"start": "00:06:27", "end": "00:06:31", "text": "And AI is just like the hottest thing"}, {"start": "00:06:29", "end": "00:06:34", "text": "right now. So, it'll be interesting when"}, {"start": "00:06:31", "end": "00:06:38", "text": "that comes out. And speaking of AI,"}, {"start": "00:06:34", "end": "00:06:42", "text": "Robin Hood is now allowing you to trade"}, {"start": "00:06:38", "end": "00:06:43", "text": "to day trade using AI. You could connect"}, {"start": "00:06:42", "end": "00:06:45", "text": "Claude code to it. You can connect"}, {"start": "00:06:43", "end": "00:06:51", "text": "cursor to it. You connect whatever agent"}, {"start": "00:06:45", "end": "00:06:51", "text": "you want and it'll allow you to trade."}, {"start": "00:06:52", "end": "00:06:55", "text": "Interesting. Interesting. I was thinking"}, {"start": "00:06:54", "end": "00:06:59", "text": "about building this too. I actually"}, {"start": "00:06:55", "end": "00:07:04", "text": "started this uh but never completed. But"}, {"start": "00:06:59", "end": "00:07:08", "text": "to have a fully autonomous agentic agent"}, {"start": "00:07:04", "end": "00:07:08", "text": "to trade for you during market hours,"}, {"start": "00:07:09", "end": "00:07:13", "text": "that'll be that'll be awesome. Not that"}, {"start": "00:07:11", "end": "00:07:15", "text": "it's that really new. We have trading"}, {"start": "00:07:13", "end": "00:07:17", "text": "bots in crypto. We already have trading"}, {"start": "00:07:15", "end": "00:07:19", "text": "bots, right? They can actually trade"}, {"start": "00:07:17", "end": "00:07:21", "text": "247,"}, {"start": "00:07:19", "end": "00:07:22", "text": "but for stocks is it would be relatively"}, {"start": "00:07:21", "end": "00:07:24", "text": "new. I don't really hear a lot of people"}, {"start": "00:07:22", "end": "00:07:26", "text": "use trading bots for stocks. Oh, you"}, {"start": "00:07:24", "end": "00:07:28", "text": "know, that's not my main concentration,"}, {"start": "00:07:26", "end": "00:07:31", "text": "but it' be interesting. But even Robin"}, {"start": "00:07:28", "end": "00:07:35", "text": "Hood is recognizing like, \"All right, we"}, {"start": "00:07:31", "end": "00:07:36", "text": "got to do this.\" Everyone is"}, {"start": "00:07:35", "end": "00:07:38", "text": "getting involved,"}, {"start": "00:07:36", "end": "00:07:41", "text": "right?"}, {"start": "00:07:38", "end": "00:07:45", "text": "Uh, all right. Now, moving on to some"}, {"start": "00:07:41", "end": "00:07:45", "text": "Bitcoin stuff. You know what?"}, {"start": "00:07:45", "end": "00:07:51", "text": "Right now, I could see why people are"}, {"start": "00:07:48", "end": "00:07:55", "text": "feeling down."}, {"start": "00:07:51", "end": "00:07:56", "text": "People are feeling depressed,"}, {"start": "00:07:55", "end": "00:08:01", "text": "anxious"}, {"start": "00:07:56", "end": "00:08:04", "text": "about crypto, right? I get it. I get it."}, {"start": "00:08:01", "end": "00:08:06", "text": "Even Charles Hoskinson, right?"}, {"start": "00:08:04", "end": "00:08:08", "text": "Feeling the the pressure as he always"}, {"start": "00:08:06", "end": "00:08:10", "text": "does. Like right now,"}, {"start": "00:08:08", "end": "00:08:14", "text": "you know, it kind of sucks to see that"}, {"start": "00:08:10", "end": "00:08:18", "text": "stocks are rising, especially AI tech"}, {"start": "00:08:14", "end": "00:08:23", "text": "stocks rising. Crypto not doing much."}, {"start": "00:08:18", "end": "00:08:25", "text": "Yesterday's ETF outflow again negative."}, {"start": "00:08:23", "end": "00:08:27", "text": "You could see over here for the past"}, {"start": "00:08:25", "end": "00:08:29", "text": "however many sessions, seven weeks or"}, {"start": "00:08:27", "end": "00:08:32", "text": "seven days has been out. Yesterday was"}, {"start": "00:08:29", "end": "00:08:36", "text": "minus 333 million for Bitcoin. 35"}, {"start": "00:08:32", "end": "00:08:38", "text": "million for ETH. Uh plus 6 million for"}, {"start": "00:08:36", "end": "00:08:40", "text": "Soul. Soul has been all green. That's"}, {"start": "00:08:38", "end": "00:08:43", "text": "that's a surprising thing. But ETH, as"}, {"start": "00:08:40", "end": "00:08:46", "text": "you can see, basically all red. And so"}, {"start": "00:08:43", "end": "00:08:49", "text": "same thing with Bitcoin right now."}, {"start": "00:08:46", "end": "00:08:51", "text": "It does seem like we're in that weird"}, {"start": "00:08:49", "end": "00:08:53", "text": "phase,"}, {"start": "00:08:51", "end": "00:08:56", "text": "right?"}, {"start": "00:08:53", "end": "00:08:58", "text": "Why is this happening? Why is there a"}, {"start": "00:08:56", "end": "00:09:02", "text": "rotation from some of these guys? And"}, {"start": "00:08:58", "end": "00:09:06", "text": "and this is not a surprise, too, but a"}, {"start": "00:09:02", "end": "00:09:06", "text": "lot of Bitcoin miners,"}, {"start": "00:09:06", "end": "00:09:10", "text": "okay, are shifting away from Bitcoin"}, {"start": "00:09:08", "end": "00:09:13", "text": "mining because of the low price. it's"}, {"start": "00:09:10", "end": "00:09:16", "text": "not profitable for them and it's a lot"}, {"start": "00:09:13", "end": "00:09:18", "text": "more profitable to utilize their data"}, {"start": "00:09:16", "end": "00:09:21", "text": "centers to go into AI right now. Right?"}, {"start": "00:09:18", "end": "00:09:24", "text": "So, a lot of what we're seeing the"}, {"start": "00:09:21", "end": "00:09:24", "text": "outflows"}, {"start": "00:09:24", "end": "00:09:30", "text": "especially the Bitcoin cells"}, {"start": "00:09:27", "end": "00:09:34", "text": "or right now actually a lot of it if not"}, {"start": "00:09:30", "end": "00:09:37", "text": "most of it is from the miners. they're"}, {"start": "00:09:34", "end": "00:09:40", "text": "actually selling off their Bitcoin to go"}, {"start": "00:09:37", "end": "00:09:44", "text": "buy new data centers or increase"}, {"start": "00:09:40", "end": "00:09:47", "text": "capacity or shifting towards AI. And for"}, {"start": "00:09:44", "end": "00:09:49", "text": "them, it makes sense because financially"}, {"start": "00:09:47", "end": "00:09:52", "text": "they're they're companies, right? Some"}, {"start": "00:09:49", "end": "00:09:56", "text": "of them are publicly traded, so they"}, {"start": "00:09:52", "end": "00:09:59", "text": "have shareholders to to report to. So it"}, {"start": "00:09:56", "end": "00:10:01", "text": "does make sense that a lot of guys are"}, {"start": "00:09:59", "end": "00:10:02", "text": "selling"}, {"start": "00:10:01", "end": "00:10:03", "text": "especially minor because they have to"}, {"start": "00:10:02", "end": "00:10:06", "text": "pivot into something that's more"}, {"start": "00:10:03", "end": "00:10:07", "text": "profitable for them. It's unfortunate"}, {"start": "00:10:06", "end": "00:10:10", "text": "and doesn't mean that they can't come"}, {"start": "00:10:07", "end": "00:10:12", "text": "back but that's the reality right. So a"}, {"start": "00:10:10", "end": "00:10:15", "text": "lot of the outflows we're seeing are"}, {"start": "00:10:12", "end": "00:10:18", "text": "actually from the miners themselves"}, {"start": "00:10:15", "end": "00:10:18", "text": "right now."}, {"start": "00:10:21", "end": "00:10:28", "text": "And I saw this too. Even Paul to Door"}, {"start": "00:10:24", "end": "00:10:31", "text": "Jones who has been very very pro-"}, {"start": "00:10:28", "end": "00:10:35", "text": "Bitcoin and crypto for a long time. It"}, {"start": "00:10:31", "end": "00:10:37", "text": "turns out that he sold his entire stake"}, {"start": "00:10:35", "end": "00:10:41", "text": "of Micro Strategy, exitated his Ethereum"}, {"start": "00:10:37", "end": "00:10:43", "text": "ETF position, dumped equity in two"}, {"start": "00:10:41", "end": "00:10:46", "text": "Bitcoin miners."}, {"start": "00:10:43", "end": "00:10:50", "text": "According to the latest"}, {"start": "00:10:46", "end": "00:10:50", "text": "SEC filing,"}, {"start": "00:10:50", "end": "00:10:57", "text": "his portfolio is valued at $54 billion."}, {"start": "00:10:57", "end": "00:11:05", "text": "So here's the thing. Even someone that"}, {"start": "00:11:01", "end": "00:11:10", "text": "is as rich as Paulor Jones"}, {"start": "00:11:05", "end": "00:11:12", "text": "is shifting away"}, {"start": "00:11:10", "end": "00:11:16", "text": "again."}, {"start": "00:11:12", "end": "00:11:18", "text": "Why is this? You know, I think"}, {"start": "00:11:16", "end": "00:11:21", "text": "I think he also I've heard some of his"}, {"start": "00:11:18", "end": "00:11:26", "text": "speeches before and I think a lot of it"}, {"start": "00:11:21", "end": "00:11:29", "text": "has to do with AI and a lot of companies"}, {"start": "00:11:26", "end": "00:11:33", "text": "are shifting towards it, right?"}, {"start": "00:11:29", "end": "00:11:35", "text": "So right now I can understand why"}, {"start": "00:11:33", "end": "00:11:38", "text": "you know there are a lot of people that"}, {"start": "00:11:35", "end": "00:11:40", "text": "are like"}, {"start": "00:11:38", "end": "00:11:42", "text": "like worried about what's going on"}, {"start": "00:11:40", "end": "00:11:46", "text": "fearful about what's going on does not"}, {"start": "00:11:42", "end": "00:11:48", "text": "like the consolidation does not like how"}, {"start": "00:11:46", "end": "00:11:52", "text": "we decoupled away and does not like how"}, {"start": "00:11:48", "end": "00:11:55", "text": "we're not moving"}, {"start": "00:11:52", "end": "00:12:00", "text": "right so I I get it especially now you"}, {"start": "00:11:55", "end": "00:12:02", "text": "compound like miners are shifting way."}, {"start": "00:12:00", "end": "00:12:06", "text": "So what does this all mean? And if you"}, {"start": "00:12:02", "end": "00:12:06", "text": "look at like"}, {"start": "00:12:07", "end": "00:12:11", "text": "overall market conditions, it's"}, {"start": "00:12:08", "end": "00:12:15", "text": "cautious, right?"}, {"start": "00:12:11", "end": "00:12:18", "text": "What does it all mean? Well,"}, {"start": "00:12:15", "end": "00:12:23", "text": "to be honest, this is"}, {"start": "00:12:18", "end": "00:12:24", "text": "this is kind of predictable."}, {"start": "00:12:23", "end": "00:12:27", "text": "It's something that we have seen before,"}, {"start": "00:12:24", "end": "00:12:32", "text": "but I will say it's also a little bit"}, {"start": "00:12:27", "end": "00:12:35", "text": "different. Okay, so we have definitely"}, {"start": "00:12:32", "end": "00:12:39", "text": "gone through a lot of these periods, a"}, {"start": "00:12:35", "end": "00:12:41", "text": "lot a lot of these periods. Okay, when"}, {"start": "00:12:39", "end": "00:12:45", "text": "it seems like"}, {"start": "00:12:41", "end": "00:12:48", "text": "there's nothing good, all is lost,"}, {"start": "00:12:45", "end": "00:12:52", "text": "right? money shifting away that we're"}, {"start": "00:12:48", "end": "00:12:55", "text": "not going to have anything good"}, {"start": "00:12:52", "end": "00:12:57", "text": "come up."}, {"start": "00:12:55", "end": "00:12:59", "text": "We have gone through many many many of"}, {"start": "00:12:57", "end": "00:13:02", "text": "those periods."}, {"start": "00:12:59", "end": "00:13:06", "text": "All the crypto winters that we have sat"}, {"start": "00:13:02", "end": "00:13:08", "text": "through, same thing. And it seemed worse"}, {"start": "00:13:06", "end": "00:13:12", "text": "because some of these previous winters"}, {"start": "00:13:08", "end": "00:13:16", "text": "we had black swan events"}, {"start": "00:13:12", "end": "00:13:22", "text": "like major exchanges or major companies"}, {"start": "00:13:16", "end": "00:13:25", "text": "go belly up. We had SEC CFTC hounding"}, {"start": "00:13:22", "end": "00:13:28", "text": "down companies suing people left and"}, {"start": "00:13:25", "end": "00:13:28", "text": "right."}, {"start": "00:13:28", "end": "00:13:35", "text": "We also gone through recession periods,"}, {"start": "00:13:31", "end": "00:13:38", "text": "very bad ones like the housing bubble"}, {"start": "00:13:35", "end": "00:13:41", "text": "was one, but then we had the COVID"}, {"start": "00:13:38", "end": "00:13:43", "text": "scare, right? We had a lot of these"}, {"start": "00:13:41", "end": "00:13:45", "text": "things happen."}, {"start": "00:13:43", "end": "00:13:48", "text": "And every single time it's the same"}, {"start": "00:13:45", "end": "00:13:50", "text": "thing. It seems like crypto is dead."}, {"start": "00:13:48", "end": "00:13:53", "text": "There's no way that money is going to"}, {"start": "00:13:50", "end": "00:13:57", "text": "flow back in. They're all being diverted"}, {"start": "00:13:53", "end": "00:14:02", "text": "to other things that that seems more"}, {"start": "00:13:57", "end": "00:14:07", "text": "lucrative, but every single time,"}, {"start": "00:14:02", "end": "00:14:08", "text": "every single time money comes back in. I"}, {"start": "00:14:07", "end": "00:14:10", "text": "will say it's a little bit different,"}, {"start": "00:14:08", "end": "00:14:12", "text": "but"}, {"start": "00:14:10", "end": "00:14:14", "text": "what's happening right now is"}, {"start": "00:14:12", "end": "00:14:17", "text": "predictable."}, {"start": "00:14:14", "end": "00:14:19", "text": "And it's not like we have nothing good"}, {"start": "00:14:17", "end": "00:14:22", "text": "going on. I think people are just only"}, {"start": "00:14:19", "end": "00:14:23", "text": "looking at the price which I I get right"}, {"start": "00:14:22", "end": "00:14:25", "text": "obviously everyone wants to make money"}, {"start": "00:14:23", "end": "00:14:28", "text": "near-term everyone's just looking at the"}, {"start": "00:14:25", "end": "00:14:31", "text": "price but we do have a lot of great"}, {"start": "00:14:28", "end": "00:14:35", "text": "things happening the shift the"}, {"start": "00:14:31", "end": "00:14:38", "text": "regulatory shift is huge right we still"}, {"start": "00:14:35", "end": "00:14:41", "text": "have we still have the clarity act which"}, {"start": "00:14:38", "end": "00:14:44", "text": "is being worked on that is huge these"}, {"start": "00:14:41", "end": "00:14:46", "text": "are big things that are setting up the"}, {"start": "00:14:44", "end": "00:14:49", "text": "future"}, {"start": "00:14:46", "end": "00:14:51", "text": "in a big Okay. Right. It's easy to"}, {"start": "00:14:49", "end": "00:14:52", "text": "overlook these kind of things. It's"}, {"start": "00:14:51", "end": "00:14:55", "text": "really easy to overlook these kind of"}, {"start": "00:14:52", "end": "00:14:57", "text": "things."}, {"start": "00:14:55", "end": "00:15:01", "text": "But like I said in the past, when you"}, {"start": "00:14:57", "end": "00:15:06", "text": "had the government, the agencies"}, {"start": "00:15:01", "end": "00:15:08", "text": "down projects, suing founders, shutting"}, {"start": "00:15:06", "end": "00:15:11", "text": "things down."}, {"start": "00:15:08", "end": "00:15:14", "text": "It looked pretty bleak, too. It looked"}, {"start": "00:15:11", "end": "00:15:16", "text": "like all of crypto was not going to"}, {"start": "00:15:14", "end": "00:15:18", "text": "survive, right? You couldn't be a wallet"}, {"start": "00:15:16", "end": "00:15:21", "text": "maker. You couldn't be a DEX. You"}, {"start": "00:15:18", "end": "00:15:23", "text": "couldn't be a a sex. You couldn't be"}, {"start": "00:15:21", "end": "00:15:26", "text": "anything"}, {"start": "00:15:23", "end": "00:15:28", "text": "because they were all deemed securities."}, {"start": "00:15:26", "end": "00:15:31", "text": "They were all being shut down. Even"}, {"start": "00:15:28", "end": "00:15:34", "text": "layer ones, layer twos, all being"}, {"start": "00:15:31", "end": "00:15:37", "text": "attacked."}, {"start": "00:15:34", "end": "00:15:41", "text": "Endless lawsuits. XRP Ripple was in like"}, {"start": "00:15:37", "end": "00:15:43", "text": "a five-year long lawsuit with the SEC"}, {"start": "00:15:41", "end": "00:15:44", "text": "costed them like hundreds of millions of"}, {"start": "00:15:43", "end": "00:15:47", "text": "dollars to defend. you know, all these"}, {"start": "00:15:44", "end": "00:15:50", "text": "things, right? Was looking really bad"}, {"start": "00:15:47", "end": "00:15:52", "text": "before. Now, we don't have any of that."}, {"start": "00:15:50", "end": "00:15:54", "text": "It's all cleared up. And now we have the"}, {"start": "00:15:52", "end": "00:15:56", "text": "stable coin build, the genius bill that"}, {"start": "00:15:54", "end": "00:16:00", "text": "passed. We're going to have Clarity"}, {"start": "00:15:56", "end": "00:16:03", "text": "bill. These are all setting the stage"}, {"start": "00:16:00", "end": "00:16:06", "text": "for the future."}, {"start": "00:16:03", "end": "00:16:08", "text": "And you know, the guy in charge right"}, {"start": "00:16:06", "end": "00:16:11", "text": "now,"}, {"start": "00:16:08", "end": "00:16:17", "text": "whether you like him or not, he is very"}, {"start": "00:16:11", "end": "00:16:17", "text": "pro crypto. And it could be because"}, {"start": "00:16:17", "end": "00:16:23", "text": "it could be because of his family, okay,"}, {"start": "00:16:20", "end": "00:16:25", "text": "who are very very very invested in it,"}, {"start": "00:16:23", "end": "00:16:30", "text": "but also because, you know, he utilized"}, {"start": "00:16:25", "end": "00:16:33", "text": "Bitcoin and crypto people to help him uh"}, {"start": "00:16:30", "end": "00:16:36", "text": "get reelected and everyone, you know, is"}, {"start": "00:16:33", "end": "00:16:38", "text": "counting on him. And now he's basically"}, {"start": "00:16:36", "end": "00:16:39", "text": "doing what he promised, right? We have a"}, {"start": "00:16:38", "end": "00:16:41", "text": "Bitcoin reserve. There's going to be"}, {"start": "00:16:39", "end": "00:16:44", "text": "another announcement for some kind of"}, {"start": "00:16:41", "end": "00:16:47", "text": "addition to Bitcoin or adding to Bitcoin"}, {"start": "00:16:44", "end": "00:16:50", "text": "reserve and helping with reshaping the"}, {"start": "00:16:47", "end": "00:16:53", "text": "entire industry in a better way."}, {"start": "00:16:50", "end": "00:16:56", "text": "His other moves questionable,"}, {"start": "00:16:53", "end": "00:16:59", "text": "but as it relates to crypto has been"}, {"start": "00:16:56", "end": "00:17:01", "text": "overall positive. One thing after"}, {"start": "00:16:59", "end": "00:17:04", "text": "another after another after another"}, {"start": "00:17:01", "end": "00:17:04", "text": "after another."}, {"start": "00:17:05", "end": "00:17:12", "text": "So these things can't be ignored"}, {"start": "00:17:08", "end": "00:17:14", "text": "and that's why that's why"}, {"start": "00:17:12", "end": "00:17:19", "text": "long-term holders understand all these"}, {"start": "00:17:14", "end": "00:17:22", "text": "things. Long-term holders are back."}, {"start": "00:17:19", "end": "00:17:24", "text": "And the reason why is because they"}, {"start": "00:17:22", "end": "00:17:26", "text": "understand and most long-term holders"}, {"start": "00:17:24", "end": "00:17:28", "text": "have been through some of the things I"}, {"start": "00:17:26", "end": "00:17:32", "text": "said, right? They're not worried. They"}, {"start": "00:17:28", "end": "00:17:34", "text": "continue to pile up"}, {"start": "00:17:32", "end": "00:17:37", "text": "or DCA as much as they can while things"}, {"start": "00:17:34", "end": "00:17:40", "text": "are low because whenever we go through"}, {"start": "00:17:37", "end": "00:17:43", "text": "these periods where it seems like"}, {"start": "00:17:40", "end": "00:17:45", "text": "there's just no nothing encouraging,"}, {"start": "00:17:43", "end": "00:17:47", "text": "nothing moving prices, there are"}, {"start": "00:17:45", "end": "00:17:51", "text": "actually a lot of things that are"}, {"start": "00:17:47", "end": "00:17:54", "text": "setting the stage building up to what"}, {"start": "00:17:51", "end": "00:17:56", "text": "will lead to the next run. Right? It"}, {"start": "00:17:54", "end": "00:18:00", "text": "just seems like it it just seems like"}, {"start": "00:17:56", "end": "00:18:03", "text": "we're not doing anything. But"}, {"start": "00:18:00", "end": "00:18:07", "text": "this is actually the shortest winter we"}, {"start": "00:18:03", "end": "00:18:07", "text": "have gone through so far."}, {"start": "00:18:08", "end": "00:18:14", "text": "And if we do recover, we're way way way"}, {"start": "00:18:11", "end": "00:18:15", "text": "quicker. like we do recover later this"}, {"start": "00:18:14", "end": "00:18:19", "text": "year."}, {"start": "00:18:15", "end": "00:18:22", "text": "It's way quicker than previous crypto"}, {"start": "00:18:19", "end": "00:18:24", "text": "winters because we're really not"}, {"start": "00:18:22", "end": "00:18:26", "text": "following"}, {"start": "00:18:24", "end": "00:18:29", "text": "the four-year cycle anymore. We're we're"}, {"start": "00:18:26", "end": "00:18:30", "text": "really like we're really following the"}, {"start": "00:18:29", "end": "00:18:34", "text": "business cycle. And the business cycle"}, {"start": "00:18:30", "end": "00:18:37", "text": "definitely has improved and is going to"}, {"start": "00:18:34", "end": "00:18:38", "text": "improve even more. Where's the one"}, {"start": "00:18:37", "end": "00:18:40", "text": "business cycle? Here we go. This is the"}, {"start": "00:18:38", "end": "00:18:45", "text": "one."}, {"start": "00:18:40", "end": "00:18:48", "text": "And that's when Bitcoin and"}, {"start": "00:18:45", "end": "00:18:50", "text": "web three, Ethereum and alts and"}, {"start": "00:18:48", "end": "00:18:52", "text": "everything goes up, right? Look at that"}, {"start": "00:18:50", "end": "00:18:57", "text": "business cycle. We basically been down"}, {"start": "00:18:52", "end": "00:19:00", "text": "from 2022 to now. The only thing that"}, {"start": "00:18:57", "end": "00:19:00", "text": "has really"}, {"start": "00:19:00", "end": "00:19:05", "text": "moved beyond or decoupled from business"}, {"start": "00:19:03", "end": "00:19:07", "text": "cycle is AI right now because it is hot."}, {"start": "00:19:05", "end": "00:19:09", "text": "But everything else is pretty much still"}, {"start": "00:19:07", "end": "00:19:11", "text": "following a business cycle. And business"}, {"start": "00:19:09", "end": "00:19:14", "text": "cycle has been down, has not really"}, {"start": "00:19:11", "end": "00:19:20", "text": "peaked at all. And you could see when"}, {"start": "00:19:14", "end": "00:19:23", "text": "Bitcoin goes up, when alts go up,"}, {"start": "00:19:20", "end": "00:19:26", "text": "it's usually following a really good"}, {"start": "00:19:23", "end": "00:19:28", "text": "business cycle period, meaning liquidity"}, {"start": "00:19:26", "end": "00:19:32", "text": "is flowing,"}, {"start": "00:19:28", "end": "00:19:34", "text": "okay? rates are down or low."}, {"start": "00:19:32", "end": "00:19:37", "text": "And we just haven't seen that for a"}, {"start": "00:19:34", "end": "00:19:40", "text": "while because"}, {"start": "00:19:37", "end": "00:19:42", "text": "because coming off of COVID like there"}, {"start": "00:19:40", "end": "00:19:45", "text": "was just way too much money printed."}, {"start": "00:19:42", "end": "00:19:48", "text": "This inflation was way too high and we"}, {"start": "00:19:45", "end": "00:19:50", "text": "had to keep raising rates for a long"}, {"start": "00:19:48", "end": "00:19:51", "text": "time."}, {"start": "00:19:50", "end": "00:19:55", "text": "And then you compound that with other"}, {"start": "00:19:51", "end": "00:19:57", "text": "things that's happening with, you know,"}, {"start": "00:19:55", "end": "00:19:58", "text": "the tariffs, wars, and stuff like that."}, {"start": "00:19:57", "end": "00:20:01", "text": "That's why we've been held down for so"}, {"start": "00:19:58", "end": "00:20:04", "text": "long, right? So, the four-year cycle is"}, {"start": "00:20:01", "end": "00:20:06", "text": "really kind of gone at this point. We're"}, {"start": "00:20:04", "end": "00:20:08", "text": "all waiting for that business cycle to"}, {"start": "00:20:06", "end": "00:20:11", "text": "improve,"}, {"start": "00:20:08", "end": "00:20:13", "text": "right? And then when we do get that,"}, {"start": "00:20:11", "end": "00:20:16", "text": "we'll definitely get back to our 126 and"}, {"start": "00:20:13", "end": "00:20:21", "text": "then move towards the next local top"}, {"start": "00:20:16", "end": "00:20:25", "text": "like we always do. Stair steps."}, {"start": "00:20:21", "end": "00:20:27", "text": "That's it. That's it. Right. So the only"}, {"start": "00:20:25", "end": "00:20:31", "text": "difference I would say the difference"}, {"start": "00:20:27", "end": "00:20:34", "text": "between now and previous times"}, {"start": "00:20:31", "end": "00:20:38", "text": "it's actually good. There's two things."}, {"start": "00:20:34", "end": "00:20:39", "text": "One is"}, {"start": "00:20:38", "end": "00:20:43", "text": "whatever we're going through right now"}, {"start": "00:20:39", "end": "00:20:49", "text": "is actually a lot shorter than previous"}, {"start": "00:20:43", "end": "00:20:49", "text": "winters. I'll show you guys that. Um"}, {"start": "00:20:49", "end": "00:20:55", "text": "if you like zoom out here."}, {"start": "00:20:53", "end": "00:20:57", "text": "Let's remove this."}, {"start": "00:20:55", "end": "00:21:00", "text": "Well, this doesn't go all the way back."}, {"start": "00:20:57", "end": "00:21:02", "text": "My chart doesn't go long enough. But if"}, {"start": "00:21:00", "end": "00:21:05", "text": "we do look at it, I'll bring it up"}, {"start": "00:21:02", "end": "00:21:10", "text": "again. I'll bring it up. But if we do"}, {"start": "00:21:05", "end": "00:21:10", "text": "look at Let's see."}, {"start": "00:21:13", "end": "00:21:19", "text": "Let's bring up Trading View here."}, {"start": "00:21:21", "end": "00:21:24", "text": "Oh boy."}, {"start": "00:21:26", "end": "00:21:32", "text": "If you look at what we're going through"}, {"start": "00:21:28", "end": "00:21:32", "text": "right now like over here"}, {"start": "00:21:32", "end": "00:21:40", "text": "way shorter time frame than this."}, {"start": "00:21:37", "end": "00:21:42", "text": "So, you know, bottom line is if you go"}, {"start": "00:21:40", "end": "00:21:45", "text": "through like something like this, which"}, {"start": "00:21:42", "end": "00:21:48", "text": "we have gone through, that wasn't too"}, {"start": "00:21:45", "end": "00:21:51", "text": "long ago. That was just a few years ago."}, {"start": "00:21:48", "end": "00:21:54", "text": "Right now, this is nothing compared to"}, {"start": "00:21:51", "end": "00:21:56", "text": "this. And if we were following the same"}, {"start": "00:21:54", "end": "00:21:59", "text": "patterns as before, like like crypto"}, {"start": "00:21:56", "end": "00:22:03", "text": "winter, uh we have basically another"}, {"start": "00:21:59", "end": "00:22:05", "text": "year of this."}, {"start": "00:22:03", "end": "00:22:07", "text": "It might be even longer. might be a year"}, {"start": "00:22:05", "end": "00:22:10", "text": "and a half because generally speaking"}, {"start": "00:22:07", "end": "00:22:12", "text": "following a four-year cycle the crypto"}, {"start": "00:22:10", "end": "00:22:15", "text": "winter part takes about two years two"}, {"start": "00:22:12", "end": "00:22:18", "text": "and a half years and then it turns good"}, {"start": "00:22:15", "end": "00:22:20", "text": "right but I don't think we're going to"}, {"start": "00:22:18", "end": "00:22:24", "text": "see that I think we've started obviously"}, {"start": "00:22:20", "end": "00:22:28", "text": "recovering from a 60k already we're"}, {"start": "00:22:24", "end": "00:22:30", "text": "going through a temporary stop"}, {"start": "00:22:28", "end": "00:22:34", "text": "consolidation and then we're going to"}, {"start": "00:22:30", "end": "00:22:36", "text": "continue forward we are it's just right"}, {"start": "00:22:34", "end": "00:22:38", "text": "now"}, {"start": "00:22:36", "end": "00:22:40", "text": "we're being held back. And yesterday I"}, {"start": "00:22:38", "end": "00:22:42", "text": "talked about like we got we still have"}, {"start": "00:22:40", "end": "00:22:44", "text": "way too many people playing with"}, {"start": "00:22:42", "end": "00:22:46", "text": "leverage, way too many people getting"}, {"start": "00:22:44", "end": "00:22:49", "text": "liquidated."}, {"start": "00:22:46", "end": "00:22:53", "text": "And that is also not helping. It's not"}, {"start": "00:22:49", "end": "00:22:55", "text": "helping at all. Uh look at this 24hour"}, {"start": "00:22:53", "end": "00:22:57", "text": "liquidation"}, {"start": "00:22:55", "end": "00:23:00", "text": "180"}, {"start": "00:22:57", "end": "00:23:03", "text": "million wrecked almost all of it on the"}, {"start": "00:23:00", "end": "00:23:05", "text": "long side. So the market makers are also"}, {"start": "00:23:03", "end": "00:23:07", "text": "not making it easy for people, not"}, {"start": "00:23:05", "end": "00:23:11", "text": "making it easy for an entire market to"}, {"start": "00:23:07", "end": "00:23:14", "text": "move. Whenever we get any kind of"}, {"start": "00:23:11", "end": "00:23:14", "text": "movement,"}, {"start": "00:23:15", "end": "00:23:21", "text": "they get rid of all the leverage"}, {"start": "00:23:18", "end": "00:23:24", "text": "and that certainly does not help. And"}, {"start": "00:23:21", "end": "00:23:27", "text": "that's across the board right over here."}, {"start": "00:23:24", "end": "00:23:30", "text": "every single one. Bitcoin, E, Soul, XRP,"}, {"start": "00:23:27", "end": "00:23:32", "text": "BNB,"}, {"start": "00:23:30", "end": "00:23:35", "text": "mostly all"}, {"start": "00:23:32", "end": "00:23:37", "text": "long leverage being liquidated at this"}, {"start": "00:23:35", "end": "00:23:40", "text": "point and that's not helping. We need to"}, {"start": "00:23:37", "end": "00:23:40", "text": "go into reverse."}, {"start": "00:23:43", "end": "00:23:47", "text": "Now the only thing that I will say that"}, {"start": "00:23:45", "end": "00:23:51", "text": "is different"}, {"start": "00:23:47", "end": "00:23:55", "text": "right now is there's a lot of rotation"}, {"start": "00:23:51", "end": "00:23:58", "text": "into there's a lot of rotation into AI"}, {"start": "00:23:55", "end": "00:24:02", "text": "right now right so I do think that that"}, {"start": "00:23:58", "end": "00:24:05", "text": "plays a role in terms of"}, {"start": "00:24:02", "end": "00:24:08", "text": "why we haven't recovered faster"}, {"start": "00:24:05", "end": "00:24:10", "text": "I think if the money rotation into AI"}, {"start": "00:24:08", "end": "00:24:12", "text": "like for example if the data centers or"}, {"start": "00:24:10", "end": "00:24:15", "text": "the the miners aren't selling and going"}, {"start": "00:24:12", "end": "00:24:18", "text": "to AI I and some of these big investors"}, {"start": "00:24:15", "end": "00:24:21", "text": "like Paul Jor Jones going into AI,"}, {"start": "00:24:18", "end": "00:24:23", "text": "right? A lot more money would be in"}, {"start": "00:24:21", "end": "00:24:25", "text": "crypto, would be in Bitcoin, and we'll"}, {"start": "00:24:23", "end": "00:24:28", "text": "probably be at a higher price point. But"}, {"start": "00:24:25", "end": "00:24:30", "text": "because of that, I think it's also"}, {"start": "00:24:28", "end": "00:24:34", "text": "holding us down a little bit more than"}, {"start": "00:24:30", "end": "00:24:34", "text": "what we where we should be."}, {"start": "00:24:35", "end": "00:24:39", "text": "But again, every single cycle we go"}, {"start": "00:24:37", "end": "00:24:43", "text": "through the same period, it always seems"}, {"start": "00:24:39", "end": "00:24:46", "text": "like all's dead. last cycle, same thing."}, {"start": "00:24:43", "end": "00:24:49", "text": "You know, money was flowing into tech."}, {"start": "00:24:46", "end": "00:24:52", "text": "Okay, at the time wasn't AI yet. It was"}, {"start": "00:24:49", "end": "00:24:54", "text": "just all tech. Tech exploded. Seemed"}, {"start": "00:24:52", "end": "00:24:56", "text": "like nothing was going to happen, but"}, {"start": "00:24:54", "end": "00:24:59", "text": "Bitcoin"}, {"start": "00:24:56", "end": "00:25:02", "text": "found its footing, started going up,"}, {"start": "00:24:59", "end": "00:25:05", "text": "made a new high, and we all became"}, {"start": "00:25:02", "end": "00:25:09", "text": "happier. So, it happens every single"}, {"start": "00:25:05", "end": "00:25:11", "text": "cycle. All right, guys."}, {"start": "00:25:09", "end": "00:25:14", "text": "Kind of deviated from there."}, {"start": "00:25:11", "end": "00:25:15", "text": "for my normal thing. Let's do Q&A. I did"}, {"start": "00:25:14", "end": "00:25:19", "text": "want to show you guys something new that"}, {"start": "00:25:15", "end": "00:25:22", "text": "I've added specifically helping you guys"}, {"start": "00:25:19", "end": "00:25:24", "text": "stay in the game. If you look on Ask"}, {"start": "00:25:22", "end": "00:25:25", "text": "Clash, there is a new section called"}, {"start": "00:25:24", "end": "00:25:28", "text": "staking."}, {"start": "00:25:25", "end": "00:25:30", "text": "And this I think is useful. A lot of"}, {"start": "00:25:28", "end": "00:25:33", "text": "people have asked me about staking. Do I"}, {"start": "00:25:30", "end": "00:25:36", "text": "stake? Where do I stake my crypto?"}, {"start": "00:25:33", "end": "00:25:39", "text": "Right? So, this breaks it down. You have"}, {"start": "00:25:36", "end": "00:25:42", "text": "native staking, liquid staking, DeFi"}, {"start": "00:25:39", "end": "00:25:46", "text": "lending, just general liquidity pools"}, {"start": "00:25:42", "end": "00:25:48", "text": "and vaults. You got some CFI"}, {"start": "00:25:46", "end": "00:25:51", "text": "from Coinbase,"}, {"start": "00:25:48", "end": "00:25:57", "text": "right? But if you do hold on let's say"}, {"start": "00:25:51", "end": "00:26:01", "text": "Cardano or Algorand or Atox"}, {"start": "00:25:57", "end": "00:26:04", "text": "even Clash I put Clash there is there is"}, {"start": "00:26:01", "end": "00:26:08", "text": "yield on clash picks on long-term events"}, {"start": "00:26:04", "end": "00:26:10", "text": "but anything else it will show you that"}, {"start": "00:26:08", "end": "00:26:14", "text": "you can get yield"}, {"start": "00:26:10", "end": "00:26:17", "text": "by staking natively and earn I don't"}, {"start": "00:26:14", "end": "00:26:18", "text": "know three and a half% from Cardano 15%"}, {"start": "00:26:17", "end": "00:26:21", "text": "from Cosmo 7 and a half% % from"}, {"start": "00:26:18", "end": "00:26:22", "text": "Avalanche. And then if you go liquid"}, {"start": "00:26:21", "end": "00:26:24", "text": "staking, you could see all the"}, {"start": "00:26:22", "end": "00:26:26", "text": "percentages here from all the different"}, {"start": "00:26:24", "end": "00:26:28", "text": "protocols like Lido and EtherFi and"}, {"start": "00:26:26", "end": "00:26:31", "text": "Rocketpool,"}, {"start": "00:26:28", "end": "00:26:34", "text": "DeFi lending, you know, it's all broken"}, {"start": "00:26:31", "end": "00:26:36", "text": "down for you guys. Some of these 0% I"}, {"start": "00:26:34", "end": "00:26:38", "text": "probably have to correct, but yeah,"}, {"start": "00:26:36", "end": "00:26:41", "text": "something new and you can search as"}, {"start": "00:26:38", "end": "00:26:43", "text": "well."}, {"start": "00:26:41", "end": "00:26:46", "text": "New feature on Ask Clash for all of you"}, {"start": "00:26:43", "end": "00:26:52", "text": "guys to use. I know a lot of you guys"}, {"start": "00:26:46", "end": "00:26:52", "text": "hold your alts, have big alt bags,"}, {"start": "00:26:53", "end": "00:26:57", "text": "might as well earn some yield while"}, {"start": "00:26:55", "end": "00:27:02", "text": "holding."}, {"start": "00:26:57", "end": "00:27:02", "text": "All right, let's do some Q&A."}, {"start": "00:27:41", "end": "00:27:46", "text": "How about a straight up casino on Clash"}, {"start": "00:27:44", "end": "00:27:50", "text": "like Blackjack Craft Slots? Uh, that"}, {"start": "00:27:46", "end": "00:27:53", "text": "would not be good for me. Can't do it in"}, {"start": "00:27:50", "end": "00:27:56", "text": "the US. If I was to site start a site"}, {"start": "00:27:53", "end": "00:28:00", "text": "like that, it would be uh"}, {"start": "00:27:56", "end": "00:28:00", "text": "it would not be in the US."}, {"start": "00:28:04", "end": "00:28:08", "text": "Something else."}, {"start": "00:28:08", "end": "00:28:12", "text": "Yeah, I also added I'm going to add more"}, {"start": "00:28:11", "end": "00:28:15", "text": "stocks. I know a lot of you guys are"}, {"start": "00:28:12", "end": "00:28:19", "text": "into stocks too, but like the AI"}, {"start": "00:28:15", "end": "00:28:21", "text": "charting now now has almost every single"}, {"start": "00:28:19", "end": "00:28:24", "text": "stock that people care about. So if you"}, {"start": "00:28:21", "end": "00:28:28", "text": "wanted to, you go auto chart, let's say"}, {"start": "00:28:24", "end": "00:28:31", "text": "Nvidia for example, or I don't know AMD,"}, {"start": "00:28:28", "end": "00:28:34", "text": "which has been super hot, right? So, the"}, {"start": "00:28:31", "end": "00:28:38", "text": "charting feature now"}, {"start": "00:28:34", "end": "00:28:42", "text": "is a lot more improved for basically"}, {"start": "00:28:38", "end": "00:28:46", "text": "any stocks and uh crypto,"}, {"start": "00:28:42", "end": "00:28:49", "text": "right? And it's pretty instant and it"}, {"start": "00:28:46", "end": "00:28:51", "text": "helps, you know, it helps so that you"}, {"start": "00:28:49", "end": "00:28:53", "text": "could discover if something's oversold"}, {"start": "00:28:51", "end": "00:28:55", "text": "or not and whether it's bearish or"}, {"start": "00:28:53", "end": "00:28:59", "text": "bullish."}, {"start": "00:28:55", "end": "00:29:03", "text": "So that's all in there"}, {"start": "00:28:59", "end": "00:29:06", "text": "and your portfolio in uh pro charts too."}, {"start": "00:29:03", "end": "00:29:08", "text": "You guys can add stocks as well like"}, {"start": "00:29:06", "end": "00:29:12", "text": "someone like AMD for example which I've"}, {"start": "00:29:08", "end": "00:29:14", "text": "missed. I mean that's just a crazy"}, {"start": "00:29:12", "end": "00:29:16", "text": "crazy chart right there since April,"}, {"start": "00:29:14", "end": "00:29:20", "text": "right?"}, {"start": "00:29:16", "end": "00:29:20", "text": "Nvidia not so good."}, {"start": "00:29:23", "end": "00:29:28", "text": "So added a lot a lot of stuff in here."}, {"start": "00:30:02", "end": "00:30:07", "text": "Have you considered doing tutorials on"}, {"start": "00:30:03", "end": "00:30:08", "text": "how to use and understand charts and AC"}, {"start": "00:30:07", "end": "00:30:10", "text": "feedback for normies? I've been doing uh"}, {"start": "00:30:08", "end": "00:30:12", "text": "I've been looking at the feedback from"}, {"start": "00:30:10", "end": "00:30:18", "text": "the searches and I've been improving the"}, {"start": "00:30:12", "end": "00:30:20", "text": "searches greatly also but this all has"}, {"start": "00:30:18", "end": "00:30:22", "text": "like if you're like looking at this like"}, {"start": "00:30:20", "end": "00:30:24", "text": "I don't understand any of this right"}, {"start": "00:30:22", "end": "00:30:28", "text": "there's already explanation right there"}, {"start": "00:30:24", "end": "00:30:29", "text": "I mean it's all built in already man"}, {"start": "00:30:28", "end": "00:30:32", "text": "like if you look at this Bitcoin is"}, {"start": "00:30:29", "end": "00:30:36", "text": "trading at 75948 trending higher than"}, {"start": "00:30:32", "end": "00:30:37", "text": "overall uh overall this period price is"}, {"start": "00:30:36", "end": "00:30:39", "text": "below both the 50 and 200 day moving"}, {"start": "00:30:37", "end": "00:30:42", "text": "averages. That's a bearish structure"}, {"start": "00:30:39", "end": "00:30:45", "text": "trading 3.4% below the dema uh trend"}, {"start": "00:30:42", "end": "00:30:48", "text": "line seller sellers at the edge. So, it"}, {"start": "00:30:45", "end": "00:30:52", "text": "actually explains all that. Almost"}, {"start": "00:30:48", "end": "00:30:53", "text": "everything on the site does have an"}, {"start": "00:30:52", "end": "00:30:55", "text": "explanation"}, {"start": "00:30:53", "end": "00:30:58", "text": "and"}, {"start": "00:30:55", "end": "00:31:00", "text": "you know that's the whole point of AI,"}, {"start": "00:30:58", "end": "00:31:04", "text": "right?"}, {"start": "00:31:00", "end": "00:31:07", "text": "I can make it better but right now"}, {"start": "00:31:04", "end": "00:31:10", "text": "um"}, {"start": "00:31:07", "end": "00:31:13", "text": "you know there there's integrated"}, {"start": "00:31:10", "end": "00:31:13", "text": "there's integrated"}, {"start": "00:31:14", "end": "00:31:19", "text": "questions to everything basically"}, {"start": "00:31:19", "end": "00:31:25", "text": "can a strong GDP print lift appetite"}, {"start": "00:31:22", "end": "00:31:28", "text": "into crypto will hotter PC inflation"}, {"start": "00:31:25", "end": "00:31:29", "text": "trigger a rate cut delay for Bitcoin I"}, {"start": "00:31:28", "end": "00:31:32", "text": "mean like Anything that you could think"}, {"start": "00:31:29", "end": "00:31:36", "text": "of if you go into market cap is the same"}, {"start": "00:31:32", "end": "00:31:38", "text": "thing. If you click into any of the the"}, {"start": "00:31:36", "end": "00:31:42", "text": "crypto like Bitcoin there's a bull and"}, {"start": "00:31:38", "end": "00:31:46", "text": "barecase risk watch nest like right now"}, {"start": "00:31:42", "end": "00:31:50", "text": "AI is really hot. If you go to trending"}, {"start": "00:31:46", "end": "00:31:52", "text": "it's it's like all AI plays."}, {"start": "00:31:50", "end": "00:31:55", "text": "Um,"}, {"start": "00:31:52", "end": "00:31:58", "text": "Worldcoin,"}, {"start": "00:31:55", "end": "00:32:01", "text": "Virtual, Near, they're all like"}, {"start": "00:31:58", "end": "00:32:05", "text": "exploding. Near is up 53%. Worldcoin's"}, {"start": "00:32:01", "end": "00:32:05", "text": "up 53%."}, {"start": "00:32:06", "end": "00:32:11", "text": "I don't know why Luna is going up, but"}, {"start": "00:32:08", "end": "00:32:14", "text": "like World Coin is from"}, {"start": "00:32:11", "end": "00:32:16", "text": "from Sam Alman. I don't think he ever"}, {"start": "00:32:14", "end": "00:32:20", "text": "touches this. I I don't think there's"}, {"start": "00:32:16", "end": "00:32:21", "text": "been anything about this, but"}, {"start": "00:32:20", "end": "00:32:27", "text": "um"}, {"start": "00:32:21", "end": "00:32:30", "text": "but AI AI coins are also getting hot"}, {"start": "00:32:27", "end": "00:32:30", "text": "for sure."}, {"start": "00:32:31", "end": "00:32:36", "text": "Let's try the bull and bear case for"}, {"start": "00:32:34", "end": "00:32:38", "text": "world liberty fin or not world liberty"}, {"start": "00:32:36", "end": "00:32:41", "text": "financial or worldcoin. See what it"}, {"start": "00:32:38", "end": "00:32:44", "text": "says."}, {"start": "00:32:41", "end": "00:32:47", "text": "Oh no, it does not like that. Let's try"}, {"start": "00:32:44", "end": "00:32:47", "text": "risk"}, {"start": "00:32:49", "end": "00:32:52", "text": "things to the stock."}, {"start": "00:32:56", "end": "00:33:02", "text": "I know near has been on fire too, but"}, {"start": "00:32:59", "end": "00:33:04", "text": "like see there we go. World financial"}, {"start": "00:33:02", "end": "00:33:07", "text": "why do I keep saying that? World coin"}, {"start": "00:33:04", "end": "00:33:11", "text": "rallied 50% in seven days"}, {"start": "00:33:07", "end": "00:33:13", "text": "uh but still sits 97% below its all-time"}, {"start": "00:33:11", "end": "00:33:16", "text": "high."}, {"start": "00:33:13", "end": "00:33:17", "text": "The key risks are meaning reversion,"}, {"start": "00:33:16", "end": "00:33:21", "text": "regatory headwinds and execution"}, {"start": "00:33:17", "end": "00:33:23", "text": "uncertainty at this point."}, {"start": "00:33:21", "end": "00:33:25", "text": "Um"}, {"start": "00:33:23", "end": "00:33:28", "text": "you know the value prop hinges on"}, {"start": "00:33:25", "end": "00:33:31", "text": "adoption of privacy preserving identity"}, {"start": "00:33:28", "end": "00:33:33", "text": "system for AI verification but adoption"}, {"start": "00:33:31", "end": "00:33:37", "text": "remains thin relative to the hype."}, {"start": "00:33:33", "end": "00:33:38", "text": "Right? That's most things in crypto."}, {"start": "00:33:37", "end": "00:33:41", "text": "So, I'm going I'm going to fix the top"}, {"start": "00:33:38", "end": "00:33:43", "text": "part. But basically, if you need"}, {"start": "00:33:41", "end": "00:33:46", "text": "explanation on anything, it's all in"}, {"start": "00:33:43", "end": "00:33:46", "text": "here."}, {"start": "00:33:48", "end": "00:33:52", "text": "So, that's why, you know, for all you"}, {"start": "00:33:49", "end": "00:33:55", "text": "crypto people,"}, {"start": "00:33:52", "end": "00:33:57", "text": "I don't know why you guys are not all on"}, {"start": "00:33:55", "end": "00:34:02", "text": "ass right now, especially this is all"}, {"start": "00:33:57", "end": "00:34:04", "text": "free. There's like literally nothing"}, {"start": "00:34:02", "end": "00:34:08", "text": "that you can't educate yourself with on"}, {"start": "00:34:04", "end": "00:34:10", "text": "the platform about any individual"}, {"start": "00:34:08", "end": "00:34:12", "text": "coin that's out there, any individual"}, {"start": "00:34:10", "end": "00:34:15", "text": "tokens. Now, because I have token"}, {"start": "00:34:12", "end": "00:34:18", "text": "scanners, too. And same thing, you can"}, {"start": "00:34:15", "end": "00:34:21", "text": "ask AI or ask Clash in terms of whether"}, {"start": "00:34:18", "end": "00:34:23", "text": "you think it's a good one or not, you"}, {"start": "00:34:21", "end": "00:34:27", "text": "know, any risks or anything like that."}, {"start": "00:34:23", "end": "00:34:29", "text": "And of course, Clash is listed now."}, {"start": "00:34:27", "end": "00:34:30", "text": "your portfolio. You can check out"}, {"start": "00:34:29", "end": "00:34:34", "text": "anything that you want in your"}, {"start": "00:34:30", "end": "00:34:35", "text": "portfolio. You know, it's it's all here."}, {"start": "00:34:34", "end": "00:34:38", "text": "Now, that bad is staking. You have a"}, {"start": "00:34:35", "end": "00:34:40", "text": "macro"}, {"start": "00:34:38", "end": "00:34:45", "text": "section, too, and all the crypto intel"}, {"start": "00:34:40", "end": "00:34:49", "text": "of every single thing that can help you."}, {"start": "00:34:45", "end": "00:34:49", "text": "It's all in here."}, {"start": "00:34:57", "end": "00:35:03", "text": "And I finally"}, {"start": "00:35:01", "end": "00:35:05", "text": "uh made all the speed improvements,"}, {"start": "00:35:03", "end": "00:35:09", "text": "improved all the caching stuff. Now the"}, {"start": "00:35:05", "end": "00:35:14", "text": "site is fast as hell. No more delays, no"}, {"start": "00:35:09", "end": "00:35:14", "text": "more bugouts or anything like that."}, {"start": "00:35:37", "end": "00:35:42", "text": "There's a couple of more other things"}, {"start": "00:35:39", "end": "00:35:42", "text": "I'm building."}, {"start": "00:35:42", "end": "00:35:48", "text": "I'm going to build in a a swap probably"}, {"start": "00:35:45", "end": "00:35:50", "text": "on Ask Clash and also uh but it's going"}, {"start": "00:35:48", "end": "00:35:54", "text": "to be no fees, but later on if I do"}, {"start": "00:35:50", "end": "00:35:56", "text": "charge fees, I'll be going towards"}, {"start": "00:35:54", "end": "00:35:57", "text": "uh buying Clash just like the one on"}, {"start": "00:35:56", "end": "00:36:00", "text": "Clash Picks, even though that has no"}, {"start": "00:35:57", "end": "00:36:03", "text": "fees right now. Um probably go create"}, {"start": "00:36:00", "end": "00:36:05", "text": "another screener just for stocks, just"}, {"start": "00:36:03", "end": "00:36:07", "text": "like market cap, crypto market cap,"}, {"start": "00:36:05", "end": "00:36:10", "text": "something like this for stocks as well"}, {"start": "00:36:07", "end": "00:36:15", "text": "for people that are into stocks."}, {"start": "00:36:10", "end": "00:36:19", "text": "um more AI tools like actual AI agents"}, {"start": "00:36:15", "end": "00:36:20", "text": "that people can use like a research"}, {"start": "00:36:19", "end": "00:36:25", "text": "agent"}, {"start": "00:36:20", "end": "00:36:27", "text": "uh or some kind of advisory agent um so"}, {"start": "00:36:25", "end": "00:36:29", "text": "I'm working on those as well and maybe"}, {"start": "00:36:27", "end": "00:36:32", "text": "even a coding agent so that other people"}, {"start": "00:36:29", "end": "00:36:33", "text": "could get into coding as well because"}, {"start": "00:36:32", "end": "00:36:35", "text": "once you get into coding you don't want"}, {"start": "00:36:33", "end": "00:36:38", "text": "to stop and maybe you could use it to"}, {"start": "00:36:35", "end": "00:36:42", "text": "code your own trading bot for example"}, {"start": "00:36:38", "end": "00:36:46", "text": "because it could do that for you. Um,"}, {"start": "00:36:42", "end": "00:36:46", "text": "so these are all things I'm building,"}, {"start": "00:36:48", "end": "00:36:52", "text": "you know, in the crypto AI space really"}, {"start": "00:36:50", "end": "00:36:57", "text": "like you hear you see like Worldcoin or"}, {"start": "00:36:52", "end": "00:36:57", "text": "Near or whatever. Um,"}, {"start": "00:36:58", "end": "00:37:01", "text": "I just don't feel like there's any other"}, {"start": "00:36:59", "end": "00:37:07", "text": "project that that is coming out with as"}, {"start": "00:37:01", "end": "00:37:10", "text": "many features as I am for ass. So,"}, {"start": "00:37:07", "end": "00:37:14", "text": "I mean,"}, {"start": "00:37:10", "end": "00:37:17", "text": "I've really pivoted into AI. So,"}, {"start": "00:37:14", "end": "00:37:19", "text": "Clash is really like a AI play, but no,"}, {"start": "00:37:17", "end": "00:37:21", "text": "most people don't realize that yet. I"}, {"start": "00:37:19", "end": "00:37:24", "text": "don't know. That's a that's a marketing"}, {"start": "00:37:21", "end": "00:37:25", "text": "message I need to change."}, {"start": "00:37:24", "end": "00:37:27", "text": "Or maybe it's just easier to come out"}, {"start": "00:37:25", "end": "00:37:30", "text": "with"}, {"start": "00:37:27", "end": "00:37:33", "text": "um a AC token or something and replace"}, {"start": "00:37:30", "end": "00:37:35", "text": "Clash and just airdrop the new token to"}, {"start": "00:37:33", "end": "00:37:39", "text": "all the Clash holders and just start"}, {"start": "00:37:35", "end": "00:37:41", "text": "over that way. Rebrand it as a AI play"}, {"start": "00:37:39", "end": "00:37:43", "text": "if the market picks up again. That"}, {"start": "00:37:41", "end": "00:37:46", "text": "actually might be a good idea so people"}, {"start": "00:37:43", "end": "00:37:49", "text": "don't confuse uh Clash as a gaming"}, {"start": "00:37:46", "end": "00:37:49", "text": "project."}, {"start": "00:38:10", "end": "00:38:16", "text": "today. NASDAQ taking a breather"}, {"start": "00:38:56", "end": "00:39:01", "text": "Uh Milton says these network only"}, {"start": "00:38:59", "end": "00:39:03", "text": "pretend to specialize AI but you can"}, {"start": "00:39:01", "end": "00:39:06", "text": "build AI specific use cases on any L1"}, {"start": "00:39:03", "end": "00:39:11", "text": "with native star contracts capabilities."}, {"start": "00:39:06", "end": "00:39:11", "text": "Yeah, basically basically"}, {"start": "00:39:11", "end": "00:39:16", "text": "I think you know first and foremost"}, {"start": "00:39:16", "end": "00:39:22", "text": "you just got to you got to build stuff"}, {"start": "00:39:19", "end": "00:39:25", "text": "that people actually use right too many"}, {"start": "00:39:22", "end": "00:39:29", "text": "things AI are just"}, {"start": "00:39:25", "end": "00:39:32", "text": "speculation like what it could be but"}, {"start": "00:39:29", "end": "00:39:35", "text": "very little things are actually being"}, {"start": "00:39:32", "end": "00:39:40", "text": "used outside of just trading that's it"}, {"start": "00:39:35", "end": "00:39:43", "text": "the volume is really just almost 100% in"}, {"start": "00:39:40", "end": "00:39:47", "text": "trading. There's very little volume in"}, {"start": "00:39:43", "end": "00:39:52", "text": "actually uses of like DAPs for example."}, {"start": "00:39:47", "end": "00:39:54", "text": "It's almost all of it in trading like"}, {"start": "00:39:52", "end": "00:39:56", "text": "you know futures trading or leverage"}, {"start": "00:39:54", "end": "00:40:00", "text": "trading, derivative trading,"}, {"start": "00:39:56", "end": "00:40:02", "text": "spot trading, all trading right and I"}, {"start": "00:40:00", "end": "00:40:04", "text": "get it because most people in crypto"}, {"start": "00:40:02", "end": "00:40:08", "text": "they just want to make money that's why"}, {"start": "00:40:04", "end": "00:40:11", "text": "but there are other use cases"}, {"start": "00:40:08", "end": "00:40:14", "text": "but right now I don't see a lot of"}, {"start": "00:40:11", "end": "00:40:18", "text": "companies coming out with DAPs that"}, {"start": "00:40:14", "end": "00:40:20", "text": "actually are useful that actually can be"}, {"start": "00:40:18", "end": "00:40:22", "text": "used by"}, {"start": "00:40:20", "end": "00:40:24", "text": "millions and millions of people, right?"}, {"start": "00:40:22", "end": "00:40:27", "text": "It's it's a hard thing to come out with"}, {"start": "00:40:24", "end": "00:40:29", "text": "obviously, but that's what I'm trying to"}, {"start": "00:40:27", "end": "00:40:32", "text": "figure out. And I do think that if I"}, {"start": "00:40:29", "end": "00:40:36", "text": "keep pushing ass clash, it can be used"}, {"start": "00:40:32", "end": "00:40:36", "text": "by millions and millions of people"}, {"start": "00:40:36", "end": "00:40:41", "text": "and we can"}, {"start": "00:40:38", "end": "00:40:45", "text": "make it something very great, something"}, {"start": "00:40:41", "end": "00:40:45", "text": "very useful. And obviously"}, {"start": "00:40:46", "end": "00:40:49", "text": "that'll be golden."}, {"start": "00:40:56", "end": "00:41:02", "text": "What happened to Salame and go away?"}, {"start": "00:40:59", "end": "00:41:05", "text": "That was never a thing. It's one of"}, {"start": "00:41:02", "end": "00:41:08", "text": "those like old thing old old things"}, {"start": "00:41:05", "end": "00:41:10", "text": "people quote but it was never true. Last"}, {"start": "00:41:08", "end": "00:41:12", "text": "year wasn't like that either. In fact,"}, {"start": "00:41:10", "end": "00:41:16", "text": "starting in May, things started"}, {"start": "00:41:12", "end": "00:41:18", "text": "exploding. So, uh, it was never"}, {"start": "00:41:16", "end": "00:41:20", "text": "a thing. Maybe it was. I take that back."}, {"start": "00:41:18", "end": "00:41:24", "text": "It was, but it really depends on the"}, {"start": "00:41:20", "end": "00:41:26", "text": "overall conditions, market conditions,"}, {"start": "00:41:24", "end": "00:41:30", "text": "macro conditions, geopolitical"}, {"start": "00:41:26", "end": "00:41:30", "text": "conditions, all that stuff."}, {"start": "00:41:52", "end": "00:41:56", "text": "bit tensor AI play as well seems way too"}, {"start": "00:41:55", "end": "00:42:03", "text": "complicated. That that's another thing"}, {"start": "00:41:56", "end": "00:42:06", "text": "too. Most of the AI plays in crypto,"}, {"start": "00:42:03", "end": "00:42:10", "text": "I don't know, they're theoretical or"}, {"start": "00:42:06", "end": "00:42:14", "text": "they're not all that useful. A lot of it"}, {"start": "00:42:10", "end": "00:42:17", "text": "is like AI data like data marketplace or"}, {"start": "00:42:14", "end": "00:42:19", "text": "something like that."}, {"start": "00:42:17", "end": "00:42:22", "text": "Um"}, {"start": "00:42:19", "end": "00:42:27", "text": "but you know it's just people don't want"}, {"start": "00:42:22", "end": "00:42:31", "text": "that. People want DAPs, right? Like"}, {"start": "00:42:27", "end": "00:42:35", "text": "like AI trading or AI advisory or AI"}, {"start": "00:42:31", "end": "00:42:37", "text": "something, right? AI research."}, {"start": "00:42:35", "end": "00:42:41", "text": "Those are things that people can use"}, {"start": "00:42:37", "end": "00:42:43", "text": "instantly every day all day, right? But"}, {"start": "00:42:41", "end": "00:42:44", "text": "like when you have a company that's"}, {"start": "00:42:43", "end": "00:42:47", "text": "coming out saying we we create a AI"}, {"start": "00:42:44", "end": "00:42:49", "text": "repository for data,"}, {"start": "00:42:47", "end": "00:42:51", "text": "99.99%"}, {"start": "00:42:49", "end": "00:42:54", "text": "of the people will never understand or"}, {"start": "00:42:51", "end": "00:42:59", "text": "use it. It doesn't help them in any way."}, {"start": "00:42:54", "end": "00:43:01", "text": "That's that's the that's the key. But"}, {"start": "00:42:59", "end": "00:43:04", "text": "that's just overall like all retails"}, {"start": "00:43:01", "end": "00:43:04", "text": "like that."}, {"start": "00:43:31", "end": "00:43:35", "text": "I think this is going to be this is"}, {"start": "00:43:32", "end": "00:43:38", "text": "useful. I don't know why I never thought"}, {"start": "00:43:35", "end": "00:43:38", "text": "about it, but"}, {"start": "00:43:39", "end": "00:43:43", "text": "but for those of you guys that that do"}, {"start": "00:43:41", "end": "00:43:45", "text": "hold a lot of crypto and you want to"}, {"start": "00:43:43", "end": "00:43:48", "text": "earn some yield while holding, you"}, {"start": "00:43:45", "end": "00:43:50", "text": "should use this and look at it. Look at"}, {"start": "00:43:48", "end": "00:43:52", "text": "different ways how to do so. Right now,"}, {"start": "00:43:50", "end": "00:43:54", "text": "it's not linked to any of these"}, {"start": "00:43:52", "end": "00:43:56", "text": "protocols or where you could do it"}, {"start": "00:43:54", "end": "00:43:58", "text": "natively, but it'll give you a good idea"}, {"start": "00:43:56", "end": "00:44:01", "text": "of where to go and where to search and"}, {"start": "00:43:58", "end": "00:44:03", "text": "the proper"}, {"start": "00:44:01", "end": "00:44:06", "text": "I guess the proper APY that you can"}, {"start": "00:44:03", "end": "00:44:06", "text": "earn."}, {"start": "00:44:24", "end": "00:44:30", "text": "fully. I totally"}, {"start": "00:44:27", "end": "00:44:33", "text": "totally agree. I think just most people"}, {"start": "00:44:30", "end": "00:44:35", "text": "don't don't want to try it out or they"}, {"start": "00:44:33", "end": "00:44:39", "text": "don't want to learn anything new. They"}, {"start": "00:44:35", "end": "00:44:41", "text": "don't want to bother themselves with"}, {"start": "00:44:39", "end": "00:44:43", "text": "more tools."}, {"start": "00:44:41", "end": "00:44:46", "text": "But everything in here, if you put it"}, {"start": "00:44:43", "end": "00:44:48", "text": "together, how I do my streams is"}, {"start": "00:44:46", "end": "00:44:49", "text": "basically putting all this together,"}, {"start": "00:44:48", "end": "00:44:53", "text": "right? And it's all everyone's"}, {"start": "00:44:49", "end": "00:44:53", "text": "fingertips. Now,"}, {"start": "00:45:17", "end": "00:45:24", "text": "people have asked about Adam Cosmos."}, {"start": "00:45:21", "end": "00:45:27", "text": "One of the biggest problems is this 15%"}, {"start": "00:45:24", "end": "00:45:29", "text": "APY"}, {"start": "00:45:27", "end": "00:45:32", "text": "15% inflation rate per year. So during"}, {"start": "00:45:29", "end": "00:45:35", "text": "the dark years when you keep having the"}, {"start": "00:45:32", "end": "00:45:39", "text": "overall supply"}, {"start": "00:45:35", "end": "00:45:41", "text": "increase by 15 plus percent."}, {"start": "00:45:39", "end": "00:45:44", "text": "That's that's a problem. Same thing with"}, {"start": "00:45:41", "end": "00:45:48", "text": "Polka Dot. Polka dot 12%. Some of these"}, {"start": "00:45:44", "end": "00:45:52", "text": "really high ones. Injective at 14%."}, {"start": "00:45:48", "end": "00:45:54", "text": "I mean, yes, I think some of these are"}, {"start": "00:45:52", "end": "00:45:56", "text": "good projects. Like Injective, for"}, {"start": "00:45:54", "end": "00:45:59", "text": "example, is a good project. I think"}, {"start": "00:45:56", "end": "00:46:01", "text": "Polka Dot could also come back."}, {"start": "00:45:59", "end": "00:46:03", "text": "Some of these projects could definitely"}, {"start": "00:46:01", "end": "00:46:05", "text": "come back near at 8.5%."}, {"start": "00:46:03", "end": "00:46:08", "text": "Um,"}, {"start": "00:46:05", "end": "00:46:10", "text": "so staking in them makes sense if you're"}, {"start": "00:46:08", "end": "00:46:12", "text": "just going continue to hold your bags."}, {"start": "00:46:10", "end": "00:46:14", "text": "But some of these, man, due to their"}, {"start": "00:46:12", "end": "00:46:17", "text": "staking, I just feel like they're going"}, {"start": "00:46:14", "end": "00:46:17", "text": "to get slaughtered."}, {"start": "00:46:22", "end": "00:46:26", "text": "What about NFTTS?"}, {"start": "00:46:24", "end": "00:46:29", "text": "I don't know. I don't know about NFTTS."}, {"start": "00:46:26", "end": "00:46:32", "text": "NFTTS"}, {"start": "00:46:29", "end": "00:46:35", "text": "still serve a purpose. You just can't"}, {"start": "00:46:32", "end": "00:46:38", "text": "have them only be like, okay, like a"}, {"start": "00:46:35", "end": "00:46:41", "text": "collectible art thing that no longer"}, {"start": "00:46:38", "end": "00:46:44", "text": "works. You have to apply some kind of"}, {"start": "00:46:41", "end": "00:46:46", "text": "utility to NFTTS."}, {"start": "00:46:44", "end": "00:46:50", "text": "For example, when the Clash NFTts were"}, {"start": "00:46:46", "end": "00:46:53", "text": "released, they were given"}, {"start": "00:46:50", "end": "00:46:56", "text": "um"}, {"start": "00:46:53", "end": "00:46:58", "text": "so basically you get like a a cent"}, {"start": "00:46:56", "end": "00:47:01", "text": "amount of clash that comes with it,"}, {"start": "00:46:58", "end": "00:47:05", "text": "right? And also the other utility is you"}, {"start": "00:47:01", "end": "00:47:08", "text": "get more P clash on clash pickicss. So"}, {"start": "00:47:05", "end": "00:47:11", "text": "because of it, mostly from you know the"}, {"start": "00:47:08", "end": "00:47:14", "text": "grants, people loved it, bought them up,"}, {"start": "00:47:11", "end": "00:47:16", "text": "right? They got them. Some people got"}, {"start": "00:47:14", "end": "00:47:18", "text": "watches, physical watches that I"}, {"start": "00:47:16", "end": "00:47:20", "text": "produced, you know, also went to the"}, {"start": "00:47:18", "end": "00:47:22", "text": "Vegas party. These are like real"}, {"start": "00:47:20", "end": "00:47:25", "text": "utilities, what people cared about,"}, {"start": "00:47:22", "end": "00:47:27", "text": "right? And now the the side benefit is"}, {"start": "00:47:25", "end": "00:47:29", "text": "getting more PC clash every week on"}, {"start": "00:47:27", "end": "00:47:32", "text": "Clash Pics. And there's probably more"}, {"start": "00:47:29", "end": "00:47:35", "text": "things I can integrate,"}, {"start": "00:47:32", "end": "00:47:37", "text": "but you know, that's just the example."}, {"start": "00:47:35", "end": "00:47:41", "text": "You can't just come out the NFT, have"}, {"start": "00:47:37", "end": "00:47:42", "text": "people buy it, and then expect that"}, {"start": "00:47:41", "end": "00:47:44", "text": "that they're just gonna go up and then"}, {"start": "00:47:42", "end": "00:47:48", "text": "and they're gonna buy it because of"}, {"start": "00:47:44", "end": "00:47:50", "text": "that. The landscape has changed"}, {"start": "00:47:48", "end": "00:47:52", "text": "and you can still use it. It's a smart"}, {"start": "00:47:50", "end": "00:47:54", "text": "contract. NFT is just a smart contract."}, {"start": "00:47:52", "end": "00:47:56", "text": "You could use it for a lot of things."}, {"start": "00:47:54", "end": "00:47:58", "text": "Just people don't really think about it."}, {"start": "00:47:56", "end": "00:48:02", "text": "It's not really hot right now, so less"}, {"start": "00:47:58", "end": "00:48:02", "text": "people think about it because of it."}, {"start": "00:48:25", "end": "00:48:28", "text": "today. Wednesday."}, {"start": "00:48:28", "end": "00:48:34", "text": "Oh, my bad. My bad."}, {"start": "00:48:32", "end": "00:48:36", "text": "Uh I start out the stream saying that,"}, {"start": "00:48:34", "end": "00:48:39", "text": "you know, GDP and PC inflation should"}, {"start": "00:48:36", "end": "00:48:42", "text": "come out. Uh that's tomorrow."}, {"start": "00:48:39", "end": "00:48:47", "text": "I was like, why is it not out yet? Is it"}, {"start": "00:48:42", "end": "00:48:50", "text": "delayed? No, because that I misread it."}, {"start": "00:48:47", "end": "00:48:50", "text": "It's tomorrow."}, {"start": "00:49:02", "end": "00:49:08", "text": "All right, guys. That's pretty much it"}, {"start": "00:49:06", "end": "00:49:11", "text": "overall."}, {"start": "00:49:08", "end": "00:49:13", "text": "I do think"}, {"start": "00:49:11", "end": "00:49:15", "text": "and I understand"}, {"start": "00:49:13", "end": "00:49:18", "text": "why"}, {"start": "00:49:15", "end": "00:49:22", "text": "it does seem like it's boring. It's bad."}, {"start": "00:49:18", "end": "00:49:25", "text": "Why doesn't Bitcoin and crypto go up? I"}, {"start": "00:49:22", "end": "00:49:27", "text": "understand all that. People are feeling"}, {"start": "00:49:25", "end": "00:49:29", "text": "the heat, feeling the motions, feeling"}, {"start": "00:49:27", "end": "00:49:31", "text": "the FUD,"}, {"start": "00:49:29", "end": "00:49:34", "text": "right?"}, {"start": "00:49:31", "end": "00:49:35", "text": "But we still have"}, {"start": "00:49:34", "end": "00:49:38", "text": "we still have tailwinds that we have to"}, {"start": "00:49:35", "end": "00:49:41", "text": "get through. Okay, there are still great"}, {"start": "00:49:38", "end": "00:49:44", "text": "things happening at every single cycle"}, {"start": "00:49:41", "end": "00:49:48", "text": "when we go through these crypto winters."}, {"start": "00:49:44", "end": "00:49:51", "text": "We always feel the same way."}, {"start": "00:49:48", "end": "00:49:53", "text": "So hang in there, guys. Stay strong,"}, {"start": "00:49:51", "end": "00:49:55", "text": "stay focused,"}, {"start": "00:49:53", "end": "00:49:57", "text": "utilize"}, {"start": "00:49:55", "end": "00:49:59", "text": "Clash as much as you can to stay in the"}, {"start": "00:49:57", "end": "00:50:02", "text": "game and get educated,"}, {"start": "00:49:59", "end": "00:50:05", "text": "and we'll get through this together. All"}, {"start": "00:50:02", "end": "00:50:08", "text": "right, have a good one."}, {"start": "00:50:05", "end": "00:50:08", "text": "Take care."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Welcome back, guys. So, today was one of"}, {"start": "00:00:04", "end": "00:00:11", "text": "those strange days. Bitcoin didn't move."}, {"start": "00:00:08", "end": "00:00:16", "text": "In fact, it it did slide down a bit and"}, {"start": "00:00:11", "end": "00:00:20", "text": "so did alts. But this is on top of the"}, {"start": "00:00:16", "end": "00:00:23", "text": "US market, especially tech sector"}, {"start": "00:00:20", "end": "00:00:26", "text": "blowing up today, mo mostly due to one"}, {"start": "00:00:23", "end": "00:00:29", "text": "company that led the way. So, we're kind"}, {"start": "00:00:26", "end": "00:00:32", "text": "of decoupling"}, {"start": "00:00:29", "end": "00:00:34", "text": "and not in a good way. So, let's talk"}, {"start": "00:00:32", "end": "00:00:36", "text": "about what's going on. What's causing"}, {"start": "00:00:34", "end": "00:00:39", "text": "all this? And are we actually going to"}, {"start": "00:00:36", "end": "00:00:41", "text": "get out of this slump soon?"}, {"start": "00:00:39", "end": "00:00:45", "text": "So, right now, as you can see, Bitcoin"}, {"start": "00:00:41", "end": "00:00:47", "text": "is right around $76,000. So, we didn't"}, {"start": "00:00:45", "end": "00:00:48", "text": "slide down that much, but we did come"}, {"start": "00:00:47", "end": "00:00:52", "text": "down because we started a day right"}, {"start": "00:00:48", "end": "00:00:54", "text": "around 77,000. So, we're roughly $1,000"}, {"start": "00:00:52", "end": "00:00:57", "text": "down, right? So this is what it looks"}, {"start": "00:00:54", "end": "00:01:01", "text": "like. We do have a couple of"}, {"start": "00:00:57", "end": "00:01:04", "text": "resistances. One at 76, one at 777."}, {"start": "00:01:01", "end": "00:01:07", "text": "Lower support around 74. And if we break"}, {"start": "00:01:04", "end": "00:01:09", "text": "down from there, it'll be about 723. So"}, {"start": "00:01:07", "end": "00:01:10", "text": "right now we're kind of just like"}, {"start": "00:01:09", "end": "00:01:12", "text": "hovering in the middle. We're not going"}, {"start": "00:01:10", "end": "00:01:14", "text": "any higher, not going any lower. We're"}, {"start": "00:01:12", "end": "00:01:17", "text": "not trying to test some of the bottom"}, {"start": "00:01:14", "end": "00:01:23", "text": "supports. It is what it is right now."}, {"start": "00:01:17", "end": "00:01:26", "text": "But this normally would be normal except"}, {"start": "00:01:23", "end": "00:01:31", "text": "today everything jumped up. S&P 500"}, {"start": "00:01:26", "end": "00:01:36", "text": "jumps a new record. Tech in general, AI"}, {"start": "00:01:31", "end": "00:01:38", "text": "in general again blew up. Micron,"}, {"start": "00:01:36", "end": "00:01:40", "text": "which is a memory company, um they're"}, {"start": "00:01:38", "end": "00:01:44", "text": "over a trillion dollars. They went up"}, {"start": "00:01:40", "end": "00:01:47", "text": "like almost 20% today. others and"}, {"start": "00:01:44", "end": "00:01:48", "text": "semiconductors like AMD went up, you"}, {"start": "00:01:47", "end": "00:01:51", "text": "know, like Nvidia and some of the big"}, {"start": "00:01:48", "end": "00:01:52", "text": "boys tech companies like Google and"}, {"start": "00:01:51", "end": "00:01:56", "text": "Microsoft and Apple, they didn't really"}, {"start": "00:01:52", "end": "00:01:59", "text": "move. It's just really a AI driven thing"}, {"start": "00:01:56", "end": "00:02:01", "text": "right now. Okay. And if you look, this"}, {"start": "00:01:59", "end": "00:02:05", "text": "is what it looks like right now. Pretty"}, {"start": "00:02:01", "end": "00:02:09", "text": "much things are recovering. Ever since"}, {"start": "00:02:05", "end": "00:02:12", "text": "bottom of March to April,"}, {"start": "00:02:09", "end": "00:02:15", "text": "overall indexes, everything has been"}, {"start": "00:02:12", "end": "00:02:19", "text": "going up because"}, {"start": "00:02:15", "end": "00:02:22", "text": "there's this hope that the war is going"}, {"start": "00:02:19", "end": "00:02:25", "text": "to end. We're going to have a rally"}, {"start": "00:02:22", "end": "00:02:30", "text": "leading up to midterms, right? And plus,"}, {"start": "00:02:25", "end": "00:02:33", "text": "right now, AI is just so damn hot. So,"}, {"start": "00:02:30", "end": "00:02:36", "text": "everything is lining up right now. We"}, {"start": "00:02:33", "end": "00:02:40", "text": "definitely should be seeing a recovery"}, {"start": "00:02:36", "end": "00:02:42", "text": "except we're not. So, we still have"}, {"start": "00:02:40", "end": "00:02:47", "text": "headlines like this."}, {"start": "00:02:42", "end": "00:02:51", "text": "Okay, liquidation hunts. It's still"}, {"start": "00:02:47", "end": "00:02:55", "text": "happening. We always tend to see this"}, {"start": "00:02:51", "end": "00:02:58", "text": "happen whenever there are a lot of"}, {"start": "00:02:55", "end": "00:03:03", "text": "leverage in this space. For example, if"}, {"start": "00:02:58", "end": "00:03:07", "text": "you look last 24 hours again,"}, {"start": "00:03:03", "end": "00:03:12", "text": "185 million last 12 hours,"}, {"start": "00:03:07", "end": "00:03:14", "text": "124 million mostly longs gone. You can"}, {"start": "00:03:12", "end": "00:03:16", "text": "see there are some shorts overall. If"}, {"start": "00:03:14", "end": "00:03:19", "text": "you look, there are some shorts that's"}, {"start": "00:03:16", "end": "00:03:23", "text": "gone, but majority are longs getting"}, {"start": "00:03:19", "end": "00:03:26", "text": "wrecked. And this doesn't help long"}, {"start": "00:03:23", "end": "00:03:29", "text": "flushes. Okay, every time we build some"}, {"start": "00:03:26", "end": "00:03:32", "text": "momentum, we tend to get flushed out"}, {"start": "00:03:29", "end": "00:03:35", "text": "again by the market makers. This is not"}, {"start": "00:03:32", "end": "00:03:38", "text": "new. We saw this time and time and time"}, {"start": "00:03:35", "end": "00:03:42", "text": "again over the last few years coming up"}, {"start": "00:03:38", "end": "00:03:44", "text": "from bottom from 15,000 coming back up."}, {"start": "00:03:42", "end": "00:03:47", "text": "And we have seen this time and time"}, {"start": "00:03:44", "end": "00:03:51", "text": "again. And right now during this boring"}, {"start": "00:03:47", "end": "00:03:54", "text": "period, it's happening once again. And"}, {"start": "00:03:51", "end": "00:03:57", "text": "if you're looking at overall"}, {"start": "00:03:54", "end": "00:03:59", "text": "like are there more levels? Yeah,"}, {"start": "00:03:57", "end": "00:04:02", "text": "there's a lot more. There are some"}, {"start": "00:03:59", "end": "00:04:04", "text": "that's to the shorter side. So if you"}, {"start": "00:04:02", "end": "00:04:06", "text": "look at this 76,000,"}, {"start": "00:04:04", "end": "00:04:11", "text": "there's a couple of them. There's one at"}, {"start": "00:04:06", "end": "00:04:14", "text": "73,000. But going to the long side, we"}, {"start": "00:04:11", "end": "00:04:16", "text": "do have some at 77,000 78,000. So if we"}, {"start": "00:04:14", "end": "00:04:20", "text": "do break above there, there are going to"}, {"start": "00:04:16", "end": "00:04:22", "text": "be a lot of leverage. Okay, shorts that"}, {"start": "00:04:20", "end": "00:04:25", "text": "will be liquidated. But right now,"}, {"start": "00:04:22", "end": "00:04:30", "text": "there's a couple levels near-term that"}, {"start": "00:04:25", "end": "00:04:33", "text": "we may flip to if the bears keep"}, {"start": "00:04:30", "end": "00:04:35", "text": "control. Okay? And that's unfortunate."}, {"start": "00:04:33", "end": "00:04:37", "text": "That's one of the big reasons why we're"}, {"start": "00:04:35", "end": "00:04:39", "text": "still being held back is just leverage,"}, {"start": "00:04:37", "end": "00:04:41", "text": "clearing a leverage. The market makers"}, {"start": "00:04:39", "end": "00:04:45", "text": "or the exchanges, they're doing what"}, {"start": "00:04:41", "end": "00:04:49", "text": "they can to get people out right now."}, {"start": "00:04:45", "end": "00:04:52", "text": "Okay. So that unfortunately is"}, {"start": "00:04:49", "end": "00:04:57", "text": "happening."}, {"start": "00:04:52", "end": "00:05:01", "text": "Uh but but with all that said is all"}, {"start": "00:04:57", "end": "00:05:04", "text": "lost. Do we have no traction, no"}, {"start": "00:05:01", "end": "00:05:06", "text": "catalyst, nothing to look forward to?"}, {"start": "00:05:04", "end": "00:05:09", "text": "Obviously that's not the case, right?"}, {"start": "00:05:06", "end": "00:05:11", "text": "Obviously, you still have"}, {"start": "00:05:09", "end": "00:05:14", "text": "administration. You have Trump. You have"}, {"start": "00:05:11", "end": "00:05:17", "text": "the White House. You have Congress"}, {"start": "00:05:14", "end": "00:05:19", "text": "that is going to push forward. We still"}, {"start": "00:05:17", "end": "00:05:21", "text": "have the Clarity Act that's coming up."}, {"start": "00:05:19", "end": "00:05:25", "text": "You got Trump himself and his families"}, {"start": "00:05:21", "end": "00:05:27", "text": "that are very, very invested in crypto,"}, {"start": "00:05:25", "end": "00:05:31", "text": "in mining, and everything, especially"}, {"start": "00:05:27", "end": "00:05:32", "text": "Bitcoin. It's not going to go away. So,"}, {"start": "00:05:31", "end": "00:05:36", "text": "unfortunately, we're just in one of"}, {"start": "00:05:32", "end": "00:05:38", "text": "those times right now where"}, {"start": "00:05:36", "end": "00:05:40", "text": "it's"}, {"start": "00:05:38", "end": "00:05:43", "text": "boring."}, {"start": "00:05:40", "end": "00:05:47", "text": "It's It could be futish, okay? It could"}, {"start": "00:05:43", "end": "00:05:51", "text": "be scary, but it's one of those times"}, {"start": "00:05:47", "end": "00:05:53", "text": "where we have seen plenty of Okay, we"}, {"start": "00:05:51", "end": "00:05:56", "text": "have seen plenty of these times. We have"}, {"start": "00:05:53", "end": "00:05:59", "text": "seen Bitcoin decoupled from US markets,"}, {"start": "00:05:56", "end": "00:06:03", "text": "but time and time again,"}, {"start": "00:05:59", "end": "00:06:05", "text": "it always comes back. So, it's just one"}, {"start": "00:06:03", "end": "00:06:08", "text": "of those things. It's just one of those"}, {"start": "00:06:05", "end": "00:06:10", "text": "things. Uh, we have other things going"}, {"start": "00:06:08", "end": "00:06:12", "text": "on, too. Can you believe? I don't know"}, {"start": "00:06:10", "end": "00:06:16", "text": "what the purpose is. Someone actually"}, {"start": "00:06:12", "end": "00:06:18", "text": "destroy 8.2 million in Bitcoin. Send 107"}, {"start": "00:06:16", "end": "00:06:22", "text": "Bitcoin to"}, {"start": "00:06:18", "end": "00:06:24", "text": "uh a burn address. Okay, so there are"}, {"start": "00:06:22", "end": "00:06:26", "text": "still a lot of people with a lot of"}, {"start": "00:06:24", "end": "00:06:28", "text": "Bitcoin, a lot of money out there,"}, {"start": "00:06:26", "end": "00:06:32", "text": "right? And of course, Sailor is not"}, {"start": "00:06:28", "end": "00:06:36", "text": "gonna stop buying. And guys like Tom Lee"}, {"start": "00:06:32", "end": "00:06:39", "text": "just bought a whole bunch, too. So, you"}, {"start": "00:06:36", "end": "00:06:42", "text": "got the new guys,"}, {"start": "00:06:39", "end": "00:06:45", "text": "the big whales like Tom Lee and Sailor"}, {"start": "00:06:42", "end": "00:06:47", "text": "that are still loading up. You got"}, {"start": "00:06:45", "end": "00:06:50", "text": "traditional institutions that are"}, {"start": "00:06:47", "end": "00:06:54", "text": "offering services and loading up. So,"}, {"start": "00:06:50", "end": "00:06:56", "text": "crypto, Bitcoin, ledgers,"}, {"start": "00:06:54", "end": "00:06:58", "text": "uh, self-custody,"}, {"start": "00:06:56", "end": "00:07:01", "text": "decentralization, stable coins, none of"}, {"start": "00:06:58", "end": "00:07:04", "text": "them are going to go away. Okay, in case"}, {"start": "00:07:01", "end": "00:07:06", "text": "you guys thinking that, okay, there's no"}, {"start": "00:07:04", "end": "00:07:08", "text": "way we're coming back. That's just not"}, {"start": "00:07:06", "end": "00:07:11", "text": "the case. I also saw this, I missed this"}, {"start": "00:07:08", "end": "00:07:14", "text": "this morning. Sailor actually instead of"}, {"start": "00:07:11", "end": "00:07:16", "text": "buying 1.5 billion worth of Bitcoin, he"}, {"start": "00:07:14", "end": "00:07:19", "text": "bought"}, {"start": "00:07:16", "end": "00:07:24", "text": "um debt,"}, {"start": "00:07:19", "end": "00:07:27", "text": "1.5 billion worth of debt that was owed,"}, {"start": "00:07:24", "end": "00:07:30", "text": "you know, to be paid out in 2029. So he"}, {"start": "00:07:27", "end": "00:07:33", "text": "decreased that from 8.2 billion to 6.7"}, {"start": "00:07:30", "end": "00:07:35", "text": "billion, which is interesting."}, {"start": "00:07:33", "end": "00:07:38", "text": "Interesting. This is a 8% discount. So I"}, {"start": "00:07:35", "end": "00:07:41", "text": "think he's taking into account uh the"}, {"start": "00:07:38", "end": "00:07:44", "text": "dividend he has to pay right but overall"}, {"start": "00:07:41", "end": "00:07:47", "text": "this is going to reduce further"}, {"start": "00:07:44", "end": "00:07:50", "text": "delusion. It's going to help him save"}, {"start": "00:07:47", "end": "00:07:53", "text": "120 million overall I guess in basically"}, {"start": "00:07:50", "end": "00:07:54", "text": "interest pay or dividends he has to pay."}, {"start": "00:07:53", "end": "00:07:57", "text": "So it's quite interesting that he's"}, {"start": "00:07:54", "end": "00:08:00", "text": "doing this. He's preparing for the"}, {"start": "00:07:57", "end": "00:08:04", "text": "future. Now, a lot of people is saying"}, {"start": "00:08:00", "end": "00:08:06", "text": "this is FUD, right? That they're running"}, {"start": "00:08:04", "end": "00:08:08", "text": "out of money or something. That's just"}, {"start": "00:08:06", "end": "00:08:10", "text": "simply not the case. They had 2"}, {"start": "00:08:08", "end": "00:08:14", "text": "something billion. So, now their reserve"}, {"start": "00:08:10", "end": "00:08:16", "text": "is down to 871. So, still 900 million"}, {"start": "00:08:14", "end": "00:08:18", "text": "that they can use,"}, {"start": "00:08:16", "end": "00:08:20", "text": "but they decided to do that instead. So"}, {"start": "00:08:18", "end": "00:08:24", "text": "Sailor obviously trying to prepare"}, {"start": "00:08:20", "end": "00:08:26", "text": "long-term at this point because 2029"}, {"start": "00:08:24", "end": "00:08:30", "text": "although it seems like a very long time"}, {"start": "00:08:26", "end": "00:08:31", "text": "is not that far away. The next having is"}, {"start": "00:08:30", "end": "00:08:35", "text": "2028"}, {"start": "00:08:31", "end": "00:08:38", "text": "and we're already halfway through this"}, {"start": "00:08:35", "end": "00:08:42", "text": "halfway through this year already which"}, {"start": "00:08:38", "end": "00:08:43", "text": "is kind of crazy kind of crazy. Um all"}, {"start": "00:08:42", "end": "00:08:45", "text": "right one other thing that I want to"}, {"start": "00:08:43", "end": "00:08:47", "text": "show you guys the AI charts. You guys"}, {"start": "00:08:45", "end": "00:08:48", "text": "know that this has been around for a"}, {"start": "00:08:47", "end": "00:08:51", "text": "while, but in case you guys want to get"}, {"start": "00:08:48", "end": "00:08:53", "text": "more analysis on how Bitcoin is moving"}, {"start": "00:08:51", "end": "00:08:56", "text": "on the daily, 4 hour and so forth, right"}, {"start": "00:08:53", "end": "00:09:00", "text": "now on the daily, not so good. We're"}, {"start": "00:08:56", "end": "00:09:02", "text": "below a lot of these a lot of these"}, {"start": "00:09:00", "end": "00:09:04", "text": "moving averages, a lot of these"}, {"start": "00:09:02", "end": "00:09:08", "text": "indicators, we're down about 7 and 12%"}, {"start": "00:09:04", "end": "00:09:10", "text": "from top. Okay, but we do have a couple"}, {"start": "00:09:08", "end": "00:09:13", "text": "things that is positive like Ballinger"}, {"start": "00:09:10", "end": "00:09:16", "text": "bands. we're on the lower band of the"}, {"start": "00:09:13", "end": "00:09:20", "text": "lower banding band that's usually you"}, {"start": "00:09:16", "end": "00:09:22", "text": "know exhaustion overselling right but a"}, {"start": "00:09:20", "end": "00:09:24", "text": "lot of these do show that like for"}, {"start": "00:09:22", "end": "00:09:28", "text": "example you have a ribbon we are"}, {"start": "00:09:24", "end": "00:09:31", "text": "breaking below that so some of these"}, {"start": "00:09:28", "end": "00:09:34", "text": "indicators don't look very good"}, {"start": "00:09:31", "end": "00:09:36", "text": "shortterm MACD turning red but you know"}, {"start": "00:09:34", "end": "00:09:39", "text": "what"}, {"start": "00:09:36", "end": "00:09:40", "text": "Bitcoin could turn back up really really"}, {"start": "00:09:39", "end": "00:09:44", "text": "quickly"}, {"start": "00:09:40", "end": "00:09:46", "text": "really quickly, okay? As long as we get"}, {"start": "00:09:44", "end": "00:09:49", "text": "some piece of news and plus right now,"}, {"start": "00:09:46", "end": "00:09:51", "text": "if the US market continues to rally,"}, {"start": "00:09:49", "end": "00:09:54", "text": "especially around AI and tech, the money"}, {"start": "00:09:51", "end": "00:09:56", "text": "is going to start flowing and then it's"}, {"start": "00:09:54", "end": "00:10:01", "text": "going to lead into crypto. It always"}, {"start": "00:09:56", "end": "00:10:03", "text": "does, right? So maybe AI, crypto, AI"}, {"start": "00:10:01", "end": "00:10:06", "text": "alts"}, {"start": "00:10:03", "end": "00:10:08", "text": "will be the first,"}, {"start": "00:10:06", "end": "00:10:11", "text": "you know, first category to benefit from"}, {"start": "00:10:08", "end": "00:10:14", "text": "that. But of course, Bitcoin is going to"}, {"start": "00:10:11", "end": "00:10:15", "text": "lead the way. And by the way, I know a"}, {"start": "00:10:14", "end": "00:10:17", "text": "lot of you guys are into stocks right"}, {"start": "00:10:15", "end": "00:10:19", "text": "now. So, I programmed a lot more stocks."}, {"start": "00:10:17", "end": "00:10:22", "text": "These are just some that you could see"}, {"start": "00:10:19", "end": "00:10:26", "text": "like AMD, for example, which is on a"}, {"start": "00:10:22", "end": "00:10:29", "text": "tear. Uh QQQ, for example, also doing"}, {"start": "00:10:26", "end": "00:10:32", "text": "pretty well. You got Apple, that's doing"}, {"start": "00:10:29", "end": "00:10:34", "text": "pretty well. Micro Strategy, not so"}, {"start": "00:10:32", "end": "00:10:37", "text": "much, following Bitcoin. But in case you"}, {"start": "00:10:34", "end": "00:10:38", "text": "guys wanted to plot stocks, it's in"}, {"start": "00:10:37", "end": "00:10:41", "text": "here. And you could also search in here"}, {"start": "00:10:38", "end": "00:10:45", "text": "as well. So most of the major stocks are"}, {"start": "00:10:41", "end": "00:10:48", "text": "in here. Not every single one. Hamster"}, {"start": "00:10:45", "end": "00:10:51", "text": "Combat. What the hell is that? But uh"}, {"start": "00:10:48", "end": "00:10:53", "text": "yeah, you could obviously start charting"}, {"start": "00:10:51", "end": "00:10:56", "text": "stocks and in your portfolio, you can"}, {"start": "00:10:53", "end": "00:10:59", "text": "monitor your stocks and crypto and"}, {"start": "00:10:56", "end": "00:11:01", "text": "commodities like gold for you gold bugs"}, {"start": "00:10:59", "end": "00:11:05", "text": "and even sports teams if you wanted to."}, {"start": "00:11:01", "end": "00:11:07", "text": "It's all in there. Okay, so that's it"}, {"start": "00:11:05", "end": "00:11:10", "text": "guys. Stay strong, stay focused. I will"}, {"start": "00:11:07", "end": "00:11:13", "text": "see you guys tomorrow, same time as"}, {"start": "00:11:10", "end": "00:11:13", "text": "usual. Take care."}]

[{"start": "00:00:03", "end": "00:00:08", "text": "Welcome back"}, {"start": "00:00:05", "end": "00:00:10", "text": "to Cryptos are Us. I'm George."}, {"start": "00:00:08", "end": "00:00:13", "text": "We're all George. Welcome to another"}, {"start": "00:00:10", "end": "00:00:16", "text": "market open stream. The market is open"}, {"start": "00:00:13", "end": "00:00:18", "text": "today. Yesterday the US market was"}, {"start": "00:00:16", "end": "00:00:22", "text": "closed due to Memorial Day, but today is"}, {"start": "00:00:18", "end": "00:00:25", "text": "the very first day of this week. So,"}, {"start": "00:00:22", "end": "00:00:27", "text": "how's it looking? And what are the"}, {"start": "00:00:25", "end": "00:00:29", "text": "latest"}, {"start": "00:00:27", "end": "00:00:32", "text": "updates?"}, {"start": "00:00:29", "end": "00:00:36", "text": "Uh, I'm gonna talk about those things"}, {"start": "00:00:32", "end": "00:00:37", "text": "and talk about the Bitcoin bull case."}, {"start": "00:00:36", "end": "00:00:40", "text": "Even though people don't want to hear"}, {"start": "00:00:37", "end": "00:00:44", "text": "it, we'll still talk about it. All"}, {"start": "00:00:40", "end": "00:00:47", "text": "right, let's do it, guys. Let's do it."}, {"start": "00:00:44", "end": "00:00:50", "text": "Welcome, welcome, welcome. We are"}, {"start": "00:00:47", "end": "00:00:52", "text": "starting out the day a little bit under"}, {"start": "00:00:50", "end": "00:00:55", "text": "77,000. 767,"}, {"start": "00:00:52", "end": "00:00:58", "text": "right? kind of still hovering sideways,"}, {"start": "00:00:55", "end": "00:01:01", "text": "but overall the the levels the the"}, {"start": "00:00:58", "end": "00:01:05", "text": "channel we're stuck between is around"}, {"start": "00:01:01", "end": "00:01:08", "text": "78,000 and about 74,000 that actually we"}, {"start": "00:01:05", "end": "00:01:12", "text": "hit 3 days ago. So, we're kind of stuck"}, {"start": "00:01:08", "end": "00:01:15", "text": "here going sideways. The market is"}, {"start": "00:01:12", "end": "00:01:17", "text": "waiting for some progress"}, {"start": "00:01:15", "end": "00:01:20", "text": "uh in terms of this war that's"}, {"start": "00:01:17", "end": "00:01:22", "text": "happening. Um unfortunately, it seems"}, {"start": "00:01:20", "end": "00:01:25", "text": "like it could be escalating today. Hey,"}, {"start": "00:01:22", "end": "00:01:27", "text": "the US market is opening up green, which"}, {"start": "00:01:25", "end": "00:01:29", "text": "is good, which is really good,"}, {"start": "00:01:27", "end": "00:01:32", "text": "especially NASDAQ."}, {"start": "00:01:29", "end": "00:01:32", "text": "However,"}, {"start": "00:01:32", "end": "00:01:40", "text": "you see this, the US"}, {"start": "00:01:37", "end": "00:01:45", "text": "did some kind of selfdefense strike."}, {"start": "00:01:40", "end": "00:01:45", "text": "Okay? Uh, for whatever reason,"}, {"start": "00:01:45", "end": "00:01:52", "text": "we felt like we had to do some strikes"}, {"start": "00:01:49", "end": "00:01:56", "text": "to protect our troops. for again I have"}, {"start": "00:01:52", "end": "00:02:01", "text": "no idea why but obviously this is not"}, {"start": "00:01:56", "end": "00:02:04", "text": "good for negotiations and peace. So"}, {"start": "00:02:01", "end": "00:02:07", "text": "this is causing a little bit more"}, {"start": "00:02:04", "end": "00:02:10", "text": "a little more turmoil in the region. Oil"}, {"start": "00:02:07", "end": "00:02:13", "text": "jumps up afterwards. I mean we've been"}, {"start": "00:02:10", "end": "00:02:15", "text": "hearing for over a week now that"}, {"start": "00:02:13", "end": "00:02:17", "text": "something is about to happen but right"}, {"start": "00:02:15", "end": "00:02:19", "text": "now it's just nothing. More of just"}, {"start": "00:02:17", "end": "00:02:21", "text": "waiting and waiting and now maybe a"}, {"start": "00:02:19", "end": "00:02:24", "text": "little more escalation. I don't know."}, {"start": "00:02:21", "end": "00:02:27", "text": "Kind of sucks right now. Waiting for"}, {"start": "00:02:24", "end": "00:02:28", "text": "something to happen."}, {"start": "00:02:27", "end": "00:02:30", "text": "Now,"}, {"start": "00:02:28", "end": "00:02:34", "text": "outside of this, there may be actually"}, {"start": "00:02:30", "end": "00:02:36", "text": "more escalation in Europe, too. So"}, {"start": "00:02:34", "end": "00:02:40", "text": "supposedly recently Ukraine, I don't"}, {"start": "00:02:36", "end": "00:02:43", "text": "know if it's accidental or"}, {"start": "00:02:40", "end": "00:02:47", "text": "purposely, they hit some kind of school"}, {"start": "00:02:43", "end": "00:02:51", "text": "in Russia and has really"}, {"start": "00:02:47", "end": "00:02:54", "text": "uh really made Putin angry."}, {"start": "00:02:51", "end": "00:02:58", "text": "And supposedly Russia is taking its"}, {"start": "00:02:54", "end": "00:03:01", "text": "gloves off now and even told Rubio that"}, {"start": "00:02:58", "end": "00:03:03", "text": "US citizens should leave Kiev and and"}, {"start": "00:03:01", "end": "00:03:05", "text": "basically get out of there because"}, {"start": "00:03:03", "end": "00:03:08", "text": "they're going to continue to do strikes"}, {"start": "00:03:05", "end": "00:03:10", "text": "and do more of it now. So unfortunately"}, {"start": "00:03:08", "end": "00:03:13", "text": "it seems like this may be escalating"}, {"start": "00:03:10", "end": "00:03:13", "text": "too."}, {"start": "00:03:13", "end": "00:03:19", "text": "So the you know these geopolitical stuff"}, {"start": "00:03:17", "end": "00:03:23", "text": "unfortunately just keeps on lingering."}, {"start": "00:03:19", "end": "00:03:28", "text": "Wars never end soon. They always take"}, {"start": "00:03:23", "end": "00:03:30", "text": "forever. And you know there's like"}, {"start": "00:03:28", "end": "00:03:32", "text": "there's like"}, {"start": "00:03:30", "end": "00:03:35", "text": "I don't know what the best word is like"}, {"start": "00:03:32", "end": "00:03:38", "text": "political correctness now even with wars"}, {"start": "00:03:35", "end": "00:03:41", "text": "or consideration."}, {"start": "00:03:38", "end": "00:03:43", "text": "Not like before not like the old wars of"}, {"start": "00:03:41", "end": "00:03:46", "text": "the past where you just go in and just"}, {"start": "00:03:43", "end": "00:03:47", "text": "basically annihilate. Now it's not. It's"}, {"start": "00:03:46", "end": "00:03:50", "text": "like you're at war, but you got to watch"}, {"start": "00:03:47", "end": "00:03:54", "text": "out who you target, what you hit. You"}, {"start": "00:03:50", "end": "00:03:58", "text": "still got to be like very considerate of"}, {"start": "00:03:54", "end": "00:04:00", "text": "the other side and how it looks when"}, {"start": "00:03:58", "end": "00:04:03", "text": "you're conducting the war. It's like all"}, {"start": "00:04:00", "end": "00:04:06", "text": "these things just"}, {"start": "00:04:03", "end": "00:04:07", "text": "it's making things drag on forever and"}, {"start": "00:04:06", "end": "00:04:11", "text": "ever and ever and ever. It's kind of"}, {"start": "00:04:07", "end": "00:04:13", "text": "it's kind of interesting to think about."}, {"start": "00:04:11", "end": "00:04:16", "text": "Anyways, these things are still ongoing."}, {"start": "00:04:13", "end": "00:04:18", "text": "Unfortunately, they are holding"}, {"start": "00:04:16", "end": "00:04:19", "text": "a lot of the markets back. Not the AI"}, {"start": "00:04:18", "end": "00:04:22", "text": "market, but unfortunately the rest of"}, {"start": "00:04:19", "end": "00:04:25", "text": "the US market and crypto. These are"}, {"start": "00:04:22", "end": "00:04:28", "text": "things that are holding us back. Got to"}, {"start": "00:04:25", "end": "00:04:31", "text": "wait. Wait. And let's not forget China"}, {"start": "00:04:28", "end": "00:04:33", "text": "and Taiwan too. Uh a big reason for that"}, {"start": "00:04:31", "end": "00:04:36", "text": "trip for President Trump to go to China"}, {"start": "00:04:33", "end": "00:04:39", "text": "was that and this may be one of the"}, {"start": "00:04:36", "end": "00:04:41", "text": "reasons why China wants Taiwan back."}, {"start": "00:04:39", "end": "00:04:43", "text": "Their stock market is now the fifth"}, {"start": "00:04:41", "end": "00:04:45", "text": "largest in the world."}, {"start": "00:04:43", "end": "00:04:47", "text": "that they have climbed above India right"}, {"start": "00:04:45", "end": "00:04:50", "text": "below Hong Kong. So, you know, for China"}, {"start": "00:04:47", "end": "00:04:54", "text": "to take back Taiwan, that would be huge."}, {"start": "00:04:50", "end": "00:04:56", "text": "And not only that, semiconductors, but"}, {"start": "00:04:54", "end": "00:04:57", "text": "just want to throw that in there."}, {"start": "00:04:56", "end": "00:05:00", "text": "Hopefully that doesn't become another"}, {"start": "00:04:57", "end": "00:05:03", "text": "thing that's happening"}, {"start": "00:05:00", "end": "00:05:05", "text": "soon."}, {"start": "00:05:03", "end": "00:05:08", "text": "All right, outside of that, uh what"}, {"start": "00:05:05", "end": "00:05:10", "text": "else? What else? Just some random news."}, {"start": "00:05:08", "end": "00:05:12", "text": "Uh this has nothing to do with anything"}, {"start": "00:05:10", "end": "00:05:14", "text": "other than you know one day maybe you"}, {"start": "00:05:12", "end": "00:05:18", "text": "guys want to buy a Ferrari. Uh if you do"}, {"start": "00:05:14", "end": "00:05:21", "text": "decide to do that, don't ever buy this."}, {"start": "00:05:18", "end": "00:05:23", "text": "Uh Ferrari shares tanked after they"}, {"start": "00:05:21", "end": "00:05:28", "text": "release I got an email about this this"}, {"start": "00:05:23", "end": "00:05:30", "text": "the new Lucay which is their first EV"}, {"start": "00:05:28", "end": "00:05:33", "text": "uh Ferrari"}, {"start": "00:05:30", "end": "00:05:35", "text": "and it is possibly the ugliest thing"}, {"start": "00:05:33", "end": "00:05:39", "text": "that you could ever make."}, {"start": "00:05:35", "end": "00:05:42", "text": "Uh it it it's just it's not a Ferrari at"}, {"start": "00:05:39", "end": "00:05:45", "text": "all. It looks like a toy car, especially"}, {"start": "00:05:42", "end": "00:05:48", "text": "on the inside. And the funny thing is"}, {"start": "00:05:45", "end": "00:05:51", "text": "they contracted Joan Ivy, who is like"}, {"start": "00:05:48", "end": "00:05:55", "text": "the like the star of Apple before, who"}, {"start": "00:05:51", "end": "00:06:00", "text": "designed the I, you know, the iPod and"}, {"start": "00:05:55", "end": "00:06:00", "text": "iPad and all that stuff. And uh"}, {"start": "00:06:01", "end": "00:06:06", "text": "yeah, this is probably the biggest flat"}, {"start": "00:06:03", "end": "00:06:10", "text": "Ferrari ever has done. They're not going"}, {"start": "00:06:06", "end": "00:06:12", "text": "to sell any of these. It's just it's so"}, {"start": "00:06:10", "end": "00:06:14", "text": "horrible. It's whole if you look at the"}, {"start": "00:06:12", "end": "00:06:16", "text": "inside, it's even worse. And not only"}, {"start": "00:06:14", "end": "00:06:19", "text": "that, it's a five passenger vehicle,"}, {"start": "00:06:16", "end": "00:06:21", "text": "which again,"}, {"start": "00:06:19", "end": "00:06:26", "text": "no one wants to buy a five passenger"}, {"start": "00:06:21", "end": "00:06:27", "text": "Ferrari. It doesn't make any sense."}, {"start": "00:06:26", "end": "00:06:29", "text": "Uh"}, {"start": "00:06:27", "end": "00:06:33", "text": "yeah, and Ferrari shares are tanking"}, {"start": "00:06:29", "end": "00:06:34", "text": "after they release that. Just absolutely"}, {"start": "00:06:33", "end": "00:06:37", "text": "stupidity."}, {"start": "00:06:34", "end": "00:06:38", "text": "Stupidity."}, {"start": "00:06:37", "end": "00:06:42", "text": "Sometimes you just don't know what what"}, {"start": "00:06:38", "end": "00:06:46", "text": "these guys are thinking about. Anyways,"}, {"start": "00:06:42", "end": "00:06:49", "text": "uh what else? Let's go move on. Uh for"}, {"start": "00:06:46", "end": "00:06:51", "text": "the rest of this week, we got some stuff"}, {"start": "00:06:49", "end": "00:06:54", "text": "to worry about today. The money supply"}, {"start": "00:06:51", "end": "00:06:56", "text": "came out. Okay, it was in line with"}, {"start": "00:06:54", "end": "00:06:59", "text": "expectation. the M2 money supply. But"}, {"start": "00:06:56", "end": "00:07:04", "text": "then on Thursday, we're go to get the"}, {"start": "00:06:59", "end": "00:07:07", "text": "GDP. We're go get inflation data, PCE,"}, {"start": "00:07:04", "end": "00:07:10", "text": "and hopefully we don't see inflation go"}, {"start": "00:07:07", "end": "00:07:12", "text": "up way too much due to the war and oil"}, {"start": "00:07:10", "end": "00:07:15", "text": "and everything else. And let's see what"}, {"start": "00:07:12", "end": "00:07:15", "text": "happens with GDP."}, {"start": "00:07:16", "end": "00:07:20", "text": "So, couple of macro stuff to worry"}, {"start": "00:07:18", "end": "00:07:22", "text": "about."}, {"start": "00:07:20", "end": "00:07:25", "text": "And then next week, we got uh Jaws"}, {"start": "00:07:22", "end": "00:07:27", "text": "report. That'll be that'll be huge. That"}, {"start": "00:07:25", "end": "00:07:29", "text": "will be huge."}, {"start": "00:07:27", "end": "00:07:33", "text": "People want to know if unemployment is"}, {"start": "00:07:29", "end": "00:07:33", "text": "going up or not."}, {"start": "00:07:34", "end": "00:07:40", "text": "We'll see. We will see. All right."}, {"start": "00:07:37", "end": "00:07:43", "text": "Outside of that, uh we got this crypto"}, {"start": "00:07:40", "end": "00:07:45", "text": "or cryptic meme from Sailor yesterday."}, {"start": "00:07:43", "end": "00:07:48", "text": "Sailor has been doing some strange"}, {"start": "00:07:45", "end": "00:07:50", "text": "stuff. Yesterday, he announced that he"}, {"start": "00:07:48", "end": "00:07:53", "text": "bought bonds. He didn't actually buy any"}, {"start": "00:07:50", "end": "00:07:56", "text": "Bitcoin."}, {"start": "00:07:53", "end": "00:07:59", "text": "What's up with that? And then he tweeted"}, {"start": "00:07:56", "end": "00:07:59", "text": "this."}, {"start": "00:08:06", "end": "00:08:10", "text": "That's not very good AI, by the way."}, {"start": "00:08:09", "end": "00:08:12", "text": "Some of the AI out there is much better."}, {"start": "00:08:10", "end": "00:08:17", "text": "I guess he tweeted this is from Bitcoin"}, {"start": "00:08:12", "end": "00:08:18", "text": "therapist who made this, I guess."}, {"start": "00:08:17", "end": "00:08:21", "text": "But this was actually trending"}, {"start": "00:08:18", "end": "00:08:21", "text": "yesterday."}, {"start": "00:08:24", "end": "00:08:27", "text": "Uh,"}, {"start": "00:08:28", "end": "00:08:33", "text": "I guess that's self-explanatory."}, {"start": "00:08:31", "end": "00:08:39", "text": "Some things can't be unseen. Bitcoin,"}, {"start": "00:08:33", "end": "00:08:42", "text": "right? Again, bad AI. Um"}, {"start": "00:08:39", "end": "00:08:46", "text": "but yeah, it's kind of weird that he"}, {"start": "00:08:42", "end": "00:08:50", "text": "decided to buy bonds yesterday for Micro"}, {"start": "00:08:46", "end": "00:08:52", "text": "Strategy rather than Bitcoin or rather"}, {"start": "00:08:50", "end": "00:08:56", "text": "hold cash. You know, there was a period"}, {"start": "00:08:52", "end": "00:08:58", "text": "I said that he uh decided to buy hold a"}, {"start": "00:08:56", "end": "00:09:00", "text": "lot of cash as reserves, right? And"}, {"start": "00:08:58", "end": "00:09:03", "text": "later on he decided to just start buying"}, {"start": "00:09:00", "end": "00:09:06", "text": "Bitcoin again, but"}, {"start": "00:09:03", "end": "00:09:09", "text": "he started buying bonds. It's weird. Out"}, {"start": "00:09:06", "end": "00:09:12", "text": "of all things,"}, {"start": "00:09:09", "end": "00:09:14", "text": "uh, what is this? Cryptos"}, {"start": "00:09:12", "end": "00:09:17", "text": "pause button get hit as Bitcoin settles"}, {"start": "00:09:14", "end": "00:09:20", "text": "near 76,500."}, {"start": "00:09:17", "end": "00:09:23", "text": "Volatility at a 9month low. Not only"}, {"start": "00:09:20", "end": "00:09:27", "text": "that, spot volume has crashed 80% since"}, {"start": "00:09:23", "end": "00:09:27", "text": "October 2025."}, {"start": "00:09:27", "end": "00:09:33", "text": "And this is what it's looking like."}, {"start": "00:09:30", "end": "00:09:37", "text": "Now, there's two ways to interpret these"}, {"start": "00:09:33", "end": "00:09:37", "text": "kind of headlines."}, {"start": "00:09:39", "end": "00:09:44", "text": "One way is, man, it kind of sucks right"}, {"start": "00:09:42", "end": "00:09:47", "text": "now, right? It kind of sucks. The market"}, {"start": "00:09:44", "end": "00:09:48", "text": "kind of sucks. It's boring."}, {"start": "00:09:47", "end": "00:09:52", "text": "It's"}, {"start": "00:09:48", "end": "00:09:54", "text": "it's down. People are feeling the FUD."}, {"start": "00:09:52", "end": "00:09:58", "text": "And that's why, you know, you have"}, {"start": "00:09:54", "end": "00:10:00", "text": "volume go down and you have volatility"}, {"start": "00:09:58", "end": "00:10:03", "text": "and everything go down. Well, the good"}, {"start": "00:10:00", "end": "00:10:07", "text": "thing is another way to look at it is"}, {"start": "00:10:03", "end": "00:10:10", "text": "yeah these things are happening"}, {"start": "00:10:07", "end": "00:10:13", "text": "but they have happened before. This is"}, {"start": "00:10:10", "end": "00:10:15", "text": "not like a first time. You know a lot of"}, {"start": "00:10:13", "end": "00:10:17", "text": "new people may be watching and thinking"}, {"start": "00:10:15", "end": "00:10:19", "text": "well this is the end. You know how many"}, {"start": "00:10:17", "end": "00:10:23", "text": "times it's been said that it's the end"}, {"start": "00:10:19", "end": "00:10:26", "text": "of Bitcoin and crypto over the last"}, {"start": "00:10:23", "end": "00:10:29", "text": "you know however many years."}, {"start": "00:10:26", "end": "00:10:32", "text": "It's the same story over and over and"}, {"start": "00:10:29", "end": "00:10:35", "text": "over again over the last 15, 16, 17"}, {"start": "00:10:32", "end": "00:10:37", "text": "years. Every single time we go through"}, {"start": "00:10:35", "end": "00:10:39", "text": "crypto winter, it seemed like it's over"}, {"start": "00:10:37", "end": "00:10:43", "text": "and people get out and it seems like"}, {"start": "00:10:39", "end": "00:10:45", "text": "it's all dead"}, {"start": "00:10:43", "end": "00:10:47", "text": "until it comes back and it's not and"}, {"start": "00:10:45", "end": "00:10:49", "text": "then people forget and then we start the"}, {"start": "00:10:47", "end": "00:10:51", "text": "cycle over again."}, {"start": "00:10:49", "end": "00:10:56", "text": "That's how it's always been. But right"}, {"start": "00:10:51", "end": "00:10:59", "text": "now, even at where we are, 77,000,"}, {"start": "00:10:56", "end": "00:11:03", "text": "way higher than the 15,000 low previous"}, {"start": "00:10:59", "end": "00:11:05", "text": "winter and way higher than a 3,000 low"}, {"start": "00:11:03", "end": "00:11:07", "text": "the winter before that."}, {"start": "00:11:05", "end": "00:11:10", "text": "It seems like there's like less interest"}, {"start": "00:11:07", "end": "00:11:14", "text": "now. It's weird, right? Like we have"}, {"start": "00:11:10", "end": "00:11:16", "text": "gone up multiple time multiples of the"}, {"start": "00:11:14", "end": "00:11:18", "text": "previous bottom even though we have"}, {"start": "00:11:16", "end": "00:11:21", "text": "fallen from our top."}, {"start": "00:11:18", "end": "00:11:23", "text": "But the market is bigger. The market is"}, {"start": "00:11:21", "end": "00:11:25", "text": "stronger. The fundamentals have changed"}, {"start": "00:11:23", "end": "00:11:27", "text": "vastly"}, {"start": "00:11:25", "end": "00:11:29", "text": "for the better."}, {"start": "00:11:27", "end": "00:11:33", "text": "Yet, there are a lot of people that are"}, {"start": "00:11:29", "end": "00:11:35", "text": "just out. They're done. And"}, {"start": "00:11:33", "end": "00:11:36", "text": "unfortunately, they're"}, {"start": "00:11:35", "end": "00:11:39", "text": "they're going to miss out when things"}, {"start": "00:11:36", "end": "00:11:43", "text": "turn around. This is the time to"}, {"start": "00:11:39", "end": "00:11:46", "text": "actually really"}, {"start": "00:11:43", "end": "00:11:51", "text": "pay attention, get involved,"}, {"start": "00:11:46", "end": "00:11:53", "text": "learn, educate, right? and invest when"}, {"start": "00:11:51", "end": "00:11:55", "text": "things are still low. This is the time"}, {"start": "00:11:53", "end": "00:11:58", "text": "to do it. You don't want to do those"}, {"start": "00:11:55", "end": "00:12:00", "text": "things when we're skyhigh. Of course,"}, {"start": "00:11:58", "end": "00:12:02", "text": "it's never too late to enter Bitcoin or"}, {"start": "00:12:00", "end": "00:12:05", "text": "crypto,"}, {"start": "00:12:02", "end": "00:12:08", "text": "but entering in the 70s is going to be a"}, {"start": "00:12:05", "end": "00:12:11", "text": "lot better than entering at the 130s or"}, {"start": "00:12:08", "end": "00:12:13", "text": "150s or 170s. Even though if you're"}, {"start": "00:12:11", "end": "00:12:15", "text": "sailor, you would argue there's never a"}, {"start": "00:12:13", "end": "00:12:19", "text": "bad time because Bitcoin can continue to"}, {"start": "00:12:15", "end": "00:12:20", "text": "go up forever, which is true. But this"}, {"start": "00:12:19", "end": "00:12:24", "text": "is the time when you're supposed to"}, {"start": "00:12:20", "end": "00:12:27", "text": "really do it. When everyone,"}, {"start": "00:12:24", "end": "00:12:31", "text": "not everyone, but when retail is fdding"}, {"start": "00:12:27", "end": "00:12:34", "text": "and not in and have exited and it's kind"}, {"start": "00:12:31", "end": "00:12:36", "text": "of boring consolidation period, that's"}, {"start": "00:12:34", "end": "00:12:39", "text": "when you're supposed to get in. And look"}, {"start": "00:12:36", "end": "00:12:41", "text": "at this network activity crashed 40%."}, {"start": "00:12:39", "end": "00:12:43", "text": "These are"}, {"start": "00:12:41", "end": "00:12:46", "text": "these are times when you're supposed to"}, {"start": "00:12:43", "end": "00:12:49", "text": "be loading up. So, just want you guys to"}, {"start": "00:12:46", "end": "00:12:51", "text": "be aware there are a lot of futish"}, {"start": "00:12:49", "end": "00:12:53", "text": "headlines out there"}, {"start": "00:12:51", "end": "00:12:56", "text": "and you can interpret one of two ways."}, {"start": "00:12:53", "end": "00:12:59", "text": "The latter is better that this is a"}, {"start": "00:12:56", "end": "00:13:00", "text": "golden time to be loading up and staying"}, {"start": "00:12:59", "end": "00:13:03", "text": "strong. And if you can't load up,"}, {"start": "00:13:00", "end": "00:13:07", "text": "continue to hold what you have and wait"}, {"start": "00:13:03", "end": "00:13:07", "text": "for things to get better."}, {"start": "00:13:08", "end": "00:13:13", "text": "Uh Jack Dorsey removed all fees on large"}, {"start": "00:13:12", "end": "00:13:18", "text": "Bitcoin purchase. I don't know what"}, {"start": "00:13:13", "end": "00:13:23", "text": "large means like over one over a couple"}, {"start": "00:13:18", "end": "00:13:27", "text": "I don't know but good for him good for"}, {"start": "00:13:23", "end": "00:13:27", "text": "cash app."}, {"start": "00:13:27", "end": "00:13:33", "text": "Uh what else?"}, {"start": "00:13:30", "end": "00:13:36", "text": "Midterms. Can't believe that midterms is"}, {"start": "00:13:33", "end": "00:13:39", "text": "coming soon in like four or five months."}, {"start": "00:13:36", "end": "00:13:44", "text": "But anyways, usually right before"}, {"start": "00:13:39", "end": "00:13:48", "text": "midterms, what happens is uh you have"}, {"start": "00:13:44", "end": "00:13:51", "text": "huge huge recovery for markets, for"}, {"start": "00:13:48", "end": "00:13:52", "text": "crypto, for everything."}, {"start": "00:13:51", "end": "00:13:57", "text": "So that's coming. But also, if you're"}, {"start": "00:13:52", "end": "00:13:57", "text": "just looking at this in general,"}, {"start": "00:14:00", "end": "00:14:06", "text": "this is what happens, right? When you"}, {"start": "00:14:03", "end": "00:14:09", "text": "get when you get through a crypto"}, {"start": "00:14:06", "end": "00:14:12", "text": "winter, you have tremendous tremendous"}, {"start": "00:14:09", "end": "00:14:14", "text": "rises. So, you just have to last. You"}, {"start": "00:14:12", "end": "00:14:18", "text": "just have to wait it out. You just have"}, {"start": "00:14:14", "end": "00:14:24", "text": "to continue to hold and DCA. It's no"}, {"start": "00:14:18", "end": "00:14:24", "text": "different than any previous times."}, {"start": "00:14:26", "end": "00:14:32", "text": "And someone like Kathy Wood still"}, {"start": "00:14:28", "end": "00:14:35", "text": "believes her prediction."}, {"start": "00:14:32", "end": "00:14:38", "text": "By 2030, she made this like a year ago."}, {"start": "00:14:35", "end": "00:14:41", "text": "By 2030, the base case for Bitcoin will"}, {"start": "00:14:38", "end": "00:14:45", "text": "be at 750,000, which is roughly 10x from"}, {"start": "00:14:41", "end": "00:14:49", "text": "here. And the bull case would be double,"}, {"start": "00:14:45", "end": "00:14:51", "text": "would be 20x from here, 1.25 million."}, {"start": "00:14:49", "end": "00:14:54", "text": "So just by becoming a whole coiner, you"}, {"start": "00:14:51", "end": "00:14:56", "text": "can become a millionaire in five years"}, {"start": "00:14:54", "end": "00:15:01", "text": "according to Kathy Wood. And I don't"}, {"start": "00:14:56", "end": "00:15:05", "text": "think that is that unreasonable, too."}, {"start": "00:15:01", "end": "00:15:05", "text": "Things will only escalate."}, {"start": "00:15:06", "end": "00:15:11", "text": "So, think about that. All right. Outside"}, {"start": "00:15:08", "end": "00:15:15", "text": "of those things, uh just a few other"}, {"start": "00:15:11", "end": "00:15:17", "text": "things that are unfortunate. Uh Ando"}, {"start": "00:15:15", "end": "00:15:21", "text": "just released. A lot of people like"}, {"start": "00:15:17", "end": "00:15:25", "text": "Ando. RWA, one of the biggest RWA plays,"}, {"start": "00:15:21", "end": "00:15:28", "text": "have deals made with the CFTC, uh, SC"}, {"start": "00:15:25", "end": "00:15:31", "text": "and SEC. And unfortunately, their"}, {"start": "00:15:28", "end": "00:15:33", "text": "founder just passed away yesterday out"}, {"start": "00:15:31", "end": "00:15:36", "text": "of the blue."}, {"start": "00:15:33", "end": "00:15:38", "text": "And I don't think they announced why. It"}, {"start": "00:15:36", "end": "00:15:42", "text": "was a health issue, it was accident or"}, {"start": "00:15:38", "end": "00:15:47", "text": "what, but it's it's unfortunate."}, {"start": "00:15:42", "end": "00:15:50", "text": "Life is short. Life is short. health"}, {"start": "00:15:47", "end": "00:15:52", "text": "is the most important."}, {"start": "00:15:50", "end": "00:15:56", "text": "So I I don't know the circumstances, but"}, {"start": "00:15:52", "end": "00:15:58", "text": "it's just sad to hear hear about. Uh"}, {"start": "00:15:56", "end": "00:16:01", "text": "also this sad to hear about and this is"}, {"start": "00:15:58", "end": "00:16:05", "text": "something that a lot of a lot of people"}, {"start": "00:16:01", "end": "00:16:08", "text": "could relate to with Cardano with even"}, {"start": "00:16:05", "end": "00:16:10", "text": "Clash or any any crypto because the"}, {"start": "00:16:08", "end": "00:16:12", "text": "number one thing everyone looks at is"}, {"start": "00:16:10", "end": "00:16:14", "text": "just the price. That's it. They don't"}, {"start": "00:16:12", "end": "00:16:18", "text": "care about anything else. And in this"}, {"start": "00:16:14", "end": "00:16:22", "text": "video, Charles definitely feels it. He"}, {"start": "00:16:18", "end": "00:16:24", "text": "talks about being a DRREP, which I I"}, {"start": "00:16:22", "end": "00:16:26", "text": "don't really even understand, but like a"}, {"start": "00:16:24", "end": "00:16:28", "text": "delegate rep representative on Cardano,"}, {"start": "00:16:26", "end": "00:16:31", "text": "I guess. But, you know, he has been seen"}, {"start": "00:16:28", "end": "00:16:32", "text": "as the face of Cardano, right? Leading"}, {"start": "00:16:31", "end": "00:16:34", "text": "the development, leading like the"}, {"start": "00:16:32", "end": "00:16:35", "text": "figurehead, even though he's not"}, {"start": "00:16:34", "end": "00:16:37", "text": "supposed to. They're supposed to have"}, {"start": "00:16:35", "end": "00:16:38", "text": "decentralized governance, but everyone"}, {"start": "00:16:37", "end": "00:16:41", "text": "looks forward to him because he's been"}, {"start": "00:16:38", "end": "00:16:43", "text": "that guy. And you know he he he comes"}, {"start": "00:16:41", "end": "00:16:44", "text": "out and says you know I understand what"}, {"start": "00:16:43", "end": "00:16:47", "text": "people are saying"}, {"start": "00:16:44", "end": "00:16:50", "text": ">> to him because that guy listen to this"}, {"start": "00:16:47", "end": "00:16:52", "text": "and you know comes out and says I"}, {"start": "00:16:50", "end": "00:16:56", "text": "understand what people are saying to him"}, {"start": "00:16:52", "end": "00:16:58", "text": "because they're listen and you know you"}, {"start": "00:16:56", "end": "00:16:59", "text": "got to get past this I understand what"}, {"start": "00:16:58", "end": "00:17:01", "text": "people are saying"}, {"start": "00:16:59", "end": "00:17:04", "text": ">> you have to get through this"}, {"start": "00:17:01", "end": "00:17:04", "text": ">> sorry about the the echo let me start"}, {"start": "00:17:04", "end": "00:17:08", "text": "again"}, {"start": "00:17:04", "end": "00:17:10", "text": ">> again maybe I become a drep who knows"}, {"start": "00:17:08", "end": "00:17:12", "text": ">> but we got to get past this."}, {"start": "00:17:10", "end": "00:17:13", "text": ">> We have to get through this as an"}, {"start": "00:17:12", "end": "00:17:16", "text": "ecosystem."}, {"start": "00:17:13", "end": "00:17:18", "text": ">> I know it's been hard. No one's lost"}, {"start": "00:17:16", "end": "00:17:21", "text": "more money than me here. Over two and a"}, {"start": "00:17:18", "end": "00:17:21", "text": "half billion."}, {"start": "00:17:23", "end": "00:17:26", "text": ">> It's been terrible."}, {"start": "00:17:26", "end": "00:17:32", "text": ">> And we've all been let down. I get it."}, {"start": "00:17:29", "end": "00:17:35", "text": "2024 December, we said, \"Finally, our"}, {"start": "00:17:32", "end": "00:17:37", "text": "time is back.\""}, {"start": "00:17:35", "end": "00:17:39", "text": ">> And what did we get instead? We got"}, {"start": "00:17:37", "end": "00:17:42", "text": "Trumpcoin instead."}, {"start": "00:17:39", "end": "00:17:45", "text": "We got Winter Mutant, Binance, and all"}, {"start": "00:17:42", "end": "00:17:47", "text": "this nonsense. 1010 instead."}, {"start": "00:17:45", "end": "00:17:48", "text": ">> We got all this horrible stuff instead."}, {"start": "00:17:47", "end": "00:17:50", "text": "I get it."}, {"start": "00:17:48", "end": "00:17:52", "text": ">> I feel it. I feel every day of it. And"}, {"start": "00:17:50", "end": "00:17:55", "text": "I've had to sell a lot of stuff. I've"}, {"start": "00:17:52", "end": "00:17:57", "text": "had to fight hard."}, {"start": "00:17:55", "end": "00:18:00", "text": "I've had to shut down things near and"}, {"start": "00:17:57", "end": "00:18:02", "text": "dear to me, near and dear to my family"}, {"start": "00:18:00", "end": "00:18:05", "text": ">> so I could stay focused and stay in the"}, {"start": "00:18:02", "end": "00:18:06", "text": "moment and be here."}, {"start": "00:18:05", "end": "00:18:08", "text": "And I know how hard it is when you feel"}, {"start": "00:18:06", "end": "00:18:10", "text": "like we haven't had a win for a while"}, {"start": "00:18:08", "end": "00:18:14", "text": "and we just keep taking hits"}, {"start": "00:18:10", "end": "00:18:17", "text": ">> and we're not getting many things."}, {"start": "00:18:14", "end": "00:18:20", "text": ">> I really do get that."}, {"start": "00:18:17", "end": "00:18:23", "text": ">> Don't think for a moment I don't."}, {"start": "00:18:20", "end": "00:18:25", "text": ">> But it has to be more than price."}, {"start": "00:18:23", "end": "00:18:28", "text": ">> There has to be a reason that if Cardano"}, {"start": "00:18:25", "end": "00:18:31", "text": "succeeds, the world is a better place."}, {"start": "00:18:28", "end": "00:18:33", "text": ">> And we have to believe that."}, {"start": "00:18:31", "end": "00:18:35", "text": ">> And right now we've lost our ability to"}, {"start": "00:18:33", "end": "00:18:38", "text": "believe that. which is why everybody has"}, {"start": "00:18:35", "end": "00:18:42", "text": "turned to hate."}, {"start": "00:18:38", "end": "00:18:44", "text": ">> So, let's get through this weekend, huh?"}, {"start": "00:18:42", "end": "00:18:46", "text": ">> Let's win."}, {"start": "00:18:44", "end": "00:18:51", "text": "Let's"}, {"start": "00:18:46", "end": "00:18:54", "text": ">> So, it's an honest take and uh I I 100%"}, {"start": "00:18:51", "end": "00:18:56", "text": "agree. Although, most people will hear"}, {"start": "00:18:54", "end": "00:18:58", "text": "that and still do not care about"}, {"start": "00:18:56", "end": "00:19:00", "text": "anything he said. I get it because most"}, {"start": "00:18:58", "end": "00:19:03", "text": "people in crypto just want to see their"}, {"start": "00:19:00", "end": "00:19:07", "text": "bags go up, right? And a lot of people"}, {"start": "00:19:03", "end": "00:19:10", "text": "are really frustrated"}, {"start": "00:19:07", "end": "00:19:11", "text": "by their alt bags, including Cardano."}, {"start": "00:19:10", "end": "00:19:16", "text": "And you could say the same with Clash to"}, {"start": "00:19:11", "end": "00:19:17", "text": "be fair. But that's the thing. It's like"}, {"start": "00:19:16", "end": "00:19:20", "text": "everyone cares about price which is I"}, {"start": "00:19:17", "end": "00:19:24", "text": "know number one but what's really going"}, {"start": "00:19:20", "end": "00:19:27", "text": "to carry projects going forward or"}, {"start": "00:19:24", "end": "00:19:29", "text": "coming out of these crypto winters are"}, {"start": "00:19:27", "end": "00:19:31", "text": "who"}, {"start": "00:19:29", "end": "00:19:34", "text": "continues to build continues to change"}, {"start": "00:19:31", "end": "00:19:38", "text": "the world according to Cardano right"}, {"start": "00:19:34", "end": "00:19:41", "text": "Charles right the ones that continue to"}, {"start": "00:19:38", "end": "00:19:44", "text": "build and not give up the ones that can"}, {"start": "00:19:41", "end": "00:19:46", "text": "withstand these crypto the winters and"}, {"start": "00:19:44", "end": "00:19:49", "text": "keep going. Those will become the most"}, {"start": "00:19:46", "end": "00:19:51", "text": "successful projects. That's how Cardano"}, {"start": "00:19:49", "end": "00:19:55", "text": "became one of the powerhouses. They did"}, {"start": "00:19:51", "end": "00:19:57", "text": "the same thing a few winters ago."}, {"start": "00:19:55", "end": "00:20:00", "text": "You know, when they were left for dead,"}, {"start": "00:19:57", "end": "00:20:02", "text": "IOHK and Cardano Foundation, others"}, {"start": "00:20:00", "end": "00:20:05", "text": "didn't give up and they became a"}, {"start": "00:20:02", "end": "00:20:07", "text": "powerhouse in 2021 or maybe even the win"}, {"start": "00:20:05", "end": "00:20:09", "text": "the the the the"}, {"start": "00:20:07", "end": "00:20:12", "text": "cycle before that, right? It's the same"}, {"start": "00:20:09", "end": "00:20:15", "text": "thing when I'm doing Clash. But yeah, I"}, {"start": "00:20:12", "end": "00:20:17", "text": "mean, everyone feels it no matter how"}, {"start": "00:20:15", "end": "00:20:19", "text": "rich you are. Even Charles losing 2.5"}, {"start": "00:20:17", "end": "00:20:22", "text": "billion,"}, {"start": "00:20:19", "end": "00:20:24", "text": "right? I've lost a ton. Everyone lost a"}, {"start": "00:20:22", "end": "00:20:26", "text": "ton. If you're in crypto,"}, {"start": "00:20:24", "end": "00:20:28", "text": "you know,"}, {"start": "00:20:26", "end": "00:20:31", "text": "it's part of the game. It's the price of"}, {"start": "00:20:28", "end": "00:20:34", "text": "emission. If you expect things to go up"}, {"start": "00:20:31", "end": "00:20:36", "text": "in a drastic way, they can go down in a"}, {"start": "00:20:34", "end": "00:20:39", "text": "drastic way, too. But you never give up"}, {"start": "00:20:36", "end": "00:20:40", "text": "and you continue to go, right? So, I I I"}, {"start": "00:20:39", "end": "00:20:44", "text": "felt this when I heard him. you could"}, {"start": "00:20:40", "end": "00:20:46", "text": "definitely tell he feels it. He believes"}, {"start": "00:20:44", "end": "00:20:49", "text": "in what he's saying."}, {"start": "00:20:46", "end": "00:20:53", "text": "So, big respect for um Charles"}, {"start": "00:20:49", "end": "00:20:54", "text": "Hoskinson. So, hopefully you guys"}, {"start": "00:20:53", "end": "00:20:58", "text": "understand that. I think most of you"}, {"start": "00:20:54", "end": "00:21:00", "text": "guys do, my audience, are long-term"}, {"start": "00:20:58", "end": "00:21:05", "text": "holders"}, {"start": "00:21:00", "end": "00:21:08", "text": "that many have been through many cycles."}, {"start": "00:21:05", "end": "00:21:10", "text": "And I know for those people, they"}, {"start": "00:21:08", "end": "00:21:13", "text": "definitely understand because we had"}, {"start": "00:21:10", "end": "00:21:15", "text": "some bad cycles. We had some bad"}, {"start": "00:21:13", "end": "00:21:17", "text": "moments,"}, {"start": "00:21:15", "end": "00:21:22", "text": "okay, over the years, some black swan"}, {"start": "00:21:17", "end": "00:21:24", "text": "events, some really bad things"}, {"start": "00:21:22", "end": "00:21:26", "text": "happen. It seemed like they were going"}, {"start": "00:21:24", "end": "00:21:30", "text": "to"}, {"start": "00:21:26", "end": "00:21:33", "text": "shut things down and close everything"}, {"start": "00:21:30", "end": "00:21:35", "text": "and make crypto disappear. But we've got"}, {"start": "00:21:33", "end": "00:21:38", "text": "through all those times and we only come"}, {"start": "00:21:35", "end": "00:21:39", "text": "out stronger."}, {"start": "00:21:38", "end": "00:21:44", "text": "So"}, {"start": "00:21:39", "end": "00:21:47", "text": "keep those things in mind, my friends."}, {"start": "00:21:44", "end": "00:21:49", "text": "Uh and then lastly, I saw someone just"}, {"start": "00:21:47", "end": "00:21:52", "text": "talk about hype."}, {"start": "00:21:49", "end": "00:21:54", "text": "Hyperlid launches prediction markets for"}, {"start": "00:21:52", "end": "00:21:58", "text": "real world events. So everyone's getting"}, {"start": "00:21:54", "end": "00:22:02", "text": "involved. Prediction markets. Hyperlid"}, {"start": "00:21:58", "end": "00:22:04", "text": "is it's on fire already. On fire. And"}, {"start": "00:22:02", "end": "00:22:07", "text": "now they are getting into prediction"}, {"start": "00:22:04", "end": "00:22:09", "text": "markets. Luckily"}, {"start": "00:22:07", "end": "00:22:13", "text": "I already have Clash picks and it's part"}, {"start": "00:22:09", "end": "00:22:15", "text": "of Clash. So when things turn around, I"}, {"start": "00:22:13", "end": "00:22:16", "text": "think it's going to make a big"}, {"start": "00:22:15", "end": "00:22:19", "text": "difference."}, {"start": "00:22:16", "end": "00:22:20", "text": "All right. Outside of that, uh that's"}, {"start": "00:22:19", "end": "00:22:23", "text": "pretty much it. There's no really"}, {"start": "00:22:20", "end": "00:22:28", "text": "nothing else here. Uh the US market is"}, {"start": "00:22:23", "end": "00:22:29", "text": "green today. Crypto is still holding"}, {"start": "00:22:28", "end": "00:22:34", "text": "right around the same levels yesterday."}, {"start": "00:22:29", "end": "00:22:39", "text": "772 did not really move."}, {"start": "00:22:34", "end": "00:22:39", "text": "If you're looking at entire uh"}, {"start": "00:22:40", "end": "00:22:44", "text": "if you're looking at entire crypto"}, {"start": "00:22:41", "end": "00:22:48", "text": "market cap uh we're about we're still in"}, {"start": "00:22:44", "end": "00:22:50", "text": "fear level 34 fear which kind of sucks"}, {"start": "00:22:48", "end": "00:22:51", "text": "kind of sucks"}, {"start": "00:22:50", "end": "00:22:54", "text": "but within the last hour almost"}, {"start": "00:22:51", "end": "00:22:56", "text": "everything is green. Uh, some of you"}, {"start": "00:22:54", "end": "00:22:58", "text": "guys may have missed this, but a few"}, {"start": "00:22:56", "end": "00:23:00", "text": "features that I added over the weekend"}, {"start": "00:22:58", "end": "00:23:02", "text": "and I showed it yesterday, but I know a"}, {"start": "00:23:00", "end": "00:23:06", "text": "lot of you guys were out and about, but"}, {"start": "00:23:02", "end": "00:23:08", "text": "for those of you guys that love"}, {"start": "00:23:06", "end": "00:23:12", "text": "to gem hunt, so now there is a token"}, {"start": "00:23:08", "end": "00:23:15", "text": "screener on Ask Clash and this goes"}, {"start": "00:23:12", "end": "00:23:18", "text": "beyond what other screeners do. I mean,"}, {"start": "00:23:15", "end": "00:23:19", "text": "it gives you a risk rating. It kind of"}, {"start": "00:23:18", "end": "00:23:22", "text": "looks at some of the things that"}, {"start": "00:23:19", "end": "00:23:23", "text": "normally a normal person wouldn't look"}, {"start": "00:23:22", "end": "00:23:26", "text": "at."}, {"start": "00:23:23", "end": "00:23:28", "text": "So it applies a risk level. There's a"}, {"start": "00:23:26", "end": "00:23:31", "text": "nice"}, {"start": "00:23:28", "end": "00:23:34", "text": "uh built-in holders list. So you could"}, {"start": "00:23:31", "end": "00:23:37", "text": "see clearly who owns what or the largest"}, {"start": "00:23:34", "end": "00:23:42", "text": "portion of it and what belongs to a DEX"}, {"start": "00:23:37", "end": "00:23:44", "text": "or a sex like Mex for example here"}, {"start": "00:23:42", "end": "00:23:47", "text": "or the contract address. Everything's in"}, {"start": "00:23:44", "end": "00:23:51", "text": "here. All the main information. You"}, {"start": "00:23:47", "end": "00:23:54", "text": "could also ask clash the button on top"}, {"start": "00:23:51", "end": "00:23:56", "text": "for more information. So this is a"}, {"start": "00:23:54", "end": "00:23:57", "text": "little bit"}, {"start": "00:23:56", "end": "00:24:00", "text": "a little bit more insight and"}, {"start": "00:23:57", "end": "00:24:02", "text": "intelligence to some of the new projects"}, {"start": "00:24:00", "end": "00:24:05", "text": "are launching on base"}, {"start": "00:24:02", "end": "00:24:07", "text": "salana even avalanche"}, {"start": "00:24:05", "end": "00:24:10", "text": "all on here"}, {"start": "00:24:07", "end": "00:24:11", "text": "right but right now this is still still"}, {"start": "00:24:10", "end": "00:24:14", "text": "trying to perfect it. There's only like"}, {"start": "00:24:11", "end": "00:24:17", "text": "about 500 that shows up and it updates"}, {"start": "00:24:14", "end": "00:24:20", "text": "based on trends, but we'll get this"}, {"start": "00:24:17", "end": "00:24:22", "text": "or I'll get this even better. So,"}, {"start": "00:24:20", "end": "00:24:24", "text": "something new for again you crypto"}, {"start": "00:24:22", "end": "00:24:27", "text": "people."}, {"start": "00:24:24", "end": "00:24:29", "text": "Um, and then also AI leaderboard, which"}, {"start": "00:24:27", "end": "00:24:31", "text": "has nothing to do with crypto, but I'm"}, {"start": "00:24:29", "end": "00:24:33", "text": "going to involve a little bit more. But"}, {"start": "00:24:31", "end": "00:24:36", "text": "anyways, any of you guys that are into"}, {"start": "00:24:33", "end": "00:24:41", "text": "AI and you like to use the different"}, {"start": "00:24:36", "end": "00:24:45", "text": "LLMs out there like GBT or Opus or"}, {"start": "00:24:41", "end": "00:24:48", "text": "Gemini or even some of the other ones"}, {"start": "00:24:45", "end": "00:24:51", "text": "out there like DeepSeek or Kimmy."}, {"start": "00:24:48", "end": "00:24:53", "text": "Uh, this is my"}, {"start": "00:24:51", "end": "00:24:55", "text": "rankings list and I'm still improving"}, {"start": "00:24:53", "end": "00:24:57", "text": "upon this. And I might I'm I'm probably"}, {"start": "00:24:55", "end": "00:24:59", "text": "gonna add a web three score too to test"}, {"start": "00:24:57", "end": "00:25:06", "text": "all these models to see how capable they"}, {"start": "00:24:59", "end": "00:25:08", "text": "are at at web three uh tasks. So, I"}, {"start": "00:25:06", "end": "00:25:11", "text": "think that'll be kind of interesting."}, {"start": "00:25:08", "end": "00:25:13", "text": "So, a couple new things on here and"}, {"start": "00:25:11", "end": "00:25:15", "text": "discover page also has a new dedicated"}, {"start": "00:25:13", "end": "00:25:17", "text": "AI section"}, {"start": "00:25:15", "end": "00:25:20", "text": "for those of you guys that care about AI"}, {"start": "00:25:17", "end": "00:25:23", "text": "and in for you. Uh there is also AI"}, {"start": "00:25:20", "end": "00:25:27", "text": "section for latest news and also for"}, {"start": "00:25:23", "end": "00:25:30", "text": "trending on X. This is all in your"}, {"start": "00:25:27", "end": "00:25:33", "text": "settings that you can enable now. So,"}, {"start": "00:25:30", "end": "00:25:36", "text": "just so just FYI."}, {"start": "00:25:33", "end": "00:25:40", "text": "So, a couple new stuff for you guys. All"}, {"start": "00:25:36", "end": "00:25:40", "text": "right, let's do some Q&A."}, {"start": "00:25:58", "end": "00:26:05", "text": "Anthony, that's a good question."}, {"start": "00:26:01", "end": "00:26:08", "text": "So recently I loaded up on"}, {"start": "00:26:05", "end": "00:26:10", "text": "just like some basic stuff. I load up a"}, {"start": "00:26:08", "end": "00:26:12", "text": "little bit on Micro Strategy, a little"}, {"start": "00:26:10", "end": "00:26:15", "text": "bit on Coinbase, a little bit on Robin"}, {"start": "00:26:12", "end": "00:26:18", "text": "Hood, but also Nvidia,"}, {"start": "00:26:15", "end": "00:26:23", "text": "Broadcom. I think I'm going to like look"}, {"start": "00:26:18", "end": "00:26:27", "text": "more into some of the AI plays, but not"}, {"start": "00:26:23", "end": "00:26:27", "text": "just like semiconductors."}, {"start": "00:26:27", "end": "00:26:31", "text": "I think something that a lot of people"}, {"start": "00:26:28", "end": "00:26:33", "text": "aren't looking at is power because it"}, {"start": "00:26:31", "end": "00:26:35", "text": "takes tremendous amount of power for"}, {"start": "00:26:33", "end": "00:26:37", "text": "these data centers. So I haven't done"}, {"start": "00:26:35", "end": "00:26:41", "text": "enough research into them but like"}, {"start": "00:26:37", "end": "00:26:43", "text": "memory like Micron has been on fire. Um"}, {"start": "00:26:41", "end": "00:26:47", "text": "but other semiconductors"}, {"start": "00:26:43", "end": "00:26:49", "text": "too like AMD and Intel has been on fire."}, {"start": "00:26:47", "end": "00:26:51", "text": "So I don't know it just seems like"}, {"start": "00:26:49", "end": "00:26:55", "text": "anything related to AI for stocks is"}, {"start": "00:26:51", "end": "00:26:57", "text": "doing well. But, you know,"}, {"start": "00:26:55", "end": "00:26:59", "text": "you got to be careful because if"}, {"start": "00:26:57", "end": "00:27:03", "text": "something else happens and the markets"}, {"start": "00:26:59", "end": "00:27:08", "text": "go down, they sell off the hardest. So,"}, {"start": "00:27:03", "end": "00:27:08", "text": "that's something you got to worry about"}, {"start": "00:27:12", "end": "00:27:17", "text": "those data centers, man."}, {"start": "00:27:15", "end": "00:27:18", "text": "I guess our biggest problem, well, we"}, {"start": "00:27:17", "end": "00:27:22", "text": "have a couple problems. Number one is"}, {"start": "00:27:18", "end": "00:27:24", "text": "supply of equipment. Number two, which"}, {"start": "00:27:22", "end": "00:27:27", "text": "is much harder to solve, and that's"}, {"start": "00:27:24", "end": "00:27:29", "text": "power. The US does not have enough power"}, {"start": "00:27:27", "end": "00:27:31", "text": "plants. We don't have enough nuclear"}, {"start": "00:27:29", "end": "00:27:33", "text": "power plants like other countries, and"}, {"start": "00:27:31", "end": "00:27:36", "text": "we don't build anymore. So, we're like"}, {"start": "00:27:33", "end": "00:27:38", "text": "so starved for power that we have to"}, {"start": "00:27:36", "end": "00:27:42", "text": "look elsewhere now."}, {"start": "00:27:38", "end": "00:27:44", "text": "Um, I think I saw someone say that we"}, {"start": "00:27:42", "end": "00:27:47", "text": "need to build 80 nuclear power plants a"}, {"start": "00:27:44", "end": "00:27:50", "text": "year to keep up with demand and we have"}, {"start": "00:27:47", "end": "00:27:52", "text": "built none over the course of how many"}, {"start": "00:27:50", "end": "00:27:56", "text": "decades. So where are we getting the"}, {"start": "00:27:52", "end": "00:27:56", "text": "power from"}, {"start": "00:28:05", "end": "00:28:10", "text": "did I watch F1 race? No, I'm not F1 guy."}, {"start": "00:28:07", "end": "00:28:13", "text": "So, no, I don't watch it. I didn't watch"}, {"start": "00:28:10", "end": "00:28:13", "text": "it."}, {"start": "00:28:22", "end": "00:28:28", "text": "Yeah, that's what uh that's what Elon"}, {"start": "00:28:25", "end": "00:28:31", "text": "said about building in space or on the"}, {"start": "00:28:28", "end": "00:28:34", "text": "moon specifically, but"}, {"start": "00:28:31", "end": "00:28:36", "text": "that's not going to happen anytime soon."}, {"start": "00:28:34", "end": "00:28:38", "text": "You know what's weird? Something"}, {"start": "00:28:36", "end": "00:28:41", "text": "something is weird with the moon. A lot"}, {"start": "00:28:38", "end": "00:28:45", "text": "of things are weird with the moon."}, {"start": "00:28:41", "end": "00:28:49", "text": "You know, like the moon doesn't rotate,"}, {"start": "00:28:45", "end": "00:28:52", "text": "right? So,"}, {"start": "00:28:49", "end": "00:28:54", "text": "so the moon is like this. The So, the"}, {"start": "00:28:52", "end": "00:28:58", "text": "moon just goes like this around the"}, {"start": "00:28:54", "end": "00:29:01", "text": "Earth, but it's always facing one side."}, {"start": "00:28:58", "end": "00:29:03", "text": "So, there's a dark side to the moon."}, {"start": "00:29:01", "end": "00:29:06", "text": "And unlike anything else in our solar"}, {"start": "00:29:03", "end": "00:29:09", "text": "system where you're kind of like"}, {"start": "00:29:06", "end": "00:29:13", "text": "rotating"}, {"start": "00:29:09", "end": "00:29:16", "text": "around, right? Like it doesn't it's it's"}, {"start": "00:29:13", "end": "00:29:19", "text": "solid. It stays in place."}, {"start": "00:29:16", "end": "00:29:21", "text": "So because of that, it actually makes it"}, {"start": "00:29:19", "end": "00:29:23", "text": "easy if you do need to communicate to"}, {"start": "00:29:21", "end": "00:29:24", "text": "the moon because you always have a"}, {"start": "00:29:23", "end": "00:29:26", "text": "straight shot to it, right? you don't"}, {"start": "00:29:24", "end": "00:29:29", "text": "have to worry about if it turns the"}, {"start": "00:29:26", "end": "00:29:32", "text": "other way now you know your"}, {"start": "00:29:29", "end": "00:29:33", "text": "communication is farther right"}, {"start": "00:29:32", "end": "00:29:35", "text": "it's kind of strange if you think about"}, {"start": "00:29:33", "end": "00:29:37", "text": "that that's not that doesn't seem very"}, {"start": "00:29:35", "end": "00:29:39", "text": "natural"}, {"start": "00:29:37", "end": "00:29:42", "text": "everything else in our solar system if"}, {"start": "00:29:39", "end": "00:29:45", "text": "you're going around the sun"}, {"start": "00:29:42", "end": "00:29:48", "text": "everything all the planets are spinning"}, {"start": "00:29:45", "end": "00:29:49", "text": "their their rotations and they're all"}, {"start": "00:29:48", "end": "00:29:51", "text": "spinning around the sun different"}, {"start": "00:29:49", "end": "00:29:53", "text": "rotations so if you're going to the Mars"}, {"start": "00:29:51", "end": "00:29:55", "text": "for example"}, {"start": "00:29:53", "end": "00:29:56", "text": "like you have to worry about there will"}, {"start": "00:29:55", "end": "00:29:59", "text": "be times where Mars is on the other side"}, {"start": "00:29:56", "end": "00:30:01", "text": "of the sun when the earth isn't so then"}, {"start": "00:29:59", "end": "00:30:03", "text": "communications to Mars would be very"}, {"start": "00:30:01", "end": "00:30:06", "text": "difficult right but with the moon you"}, {"start": "00:30:03", "end": "00:30:08", "text": "don't have to worry about that"}, {"start": "00:30:06", "end": "00:30:11", "text": "um"}, {"start": "00:30:08", "end": "00:30:12", "text": "so I guess communication to the moon is"}, {"start": "00:30:11", "end": "00:30:14", "text": "easier because you never have to worry"}, {"start": "00:30:12", "end": "00:30:16", "text": "about it cutting off going to the other"}, {"start": "00:30:14", "end": "00:30:19", "text": "side because it's always facing the same"}, {"start": "00:30:16", "end": "00:30:19", "text": "side"}, {"start": "00:30:19", "end": "00:30:26", "text": "it's kind of strange"}, {"start": "00:30:23", "end": "00:30:26", "text": "to think Well,"}, {"start": "00:30:30", "end": "00:30:34", "text": "I don't know."}, {"start": "00:30:52", "end": "00:30:57", "text": "I don't know. Like you figure like if"}, {"start": "00:30:54", "end": "00:31:00", "text": "the moon happened because some asteroid"}, {"start": "00:30:57", "end": "00:31:02", "text": "or some other thing hit the earth and"}, {"start": "00:31:00", "end": "00:31:03", "text": "that's a broken piece or it's a broken"}, {"start": "00:31:02", "end": "00:31:06", "text": "piece from somewhere else that's"}, {"start": "00:31:03", "end": "00:31:09", "text": "floating in. Right. There will be some"}, {"start": "00:31:06", "end": "00:31:11", "text": "kind of rotation or something, some kind"}, {"start": "00:31:09", "end": "00:31:15", "text": "of movement, but it's like locked"}, {"start": "00:31:11", "end": "00:31:15", "text": "perfectly still."}, {"start": "00:31:18", "end": "00:31:22", "text": "People are saying it's locked to oceans."}, {"start": "00:31:20", "end": "00:31:24", "text": "I guess that's"}, {"start": "00:31:22", "end": "00:31:26", "text": "something I've never learned about that"}, {"start": "00:31:24", "end": "00:31:28", "text": "I have to"}, {"start": "00:31:26", "end": "00:31:30", "text": "learn more about. I I don't see how"}, {"start": "00:31:28", "end": "00:31:32", "text": "something that big and far away could be"}, {"start": "00:31:30", "end": "00:31:34", "text": "locked in the oceans, but it but it"}, {"start": "00:31:32", "end": "00:31:36", "text": "does. I mean, obviously it does cause"}, {"start": "00:31:34", "end": "00:31:38", "text": "major tides and stuff like that, but"}, {"start": "00:31:36", "end": "00:31:42", "text": "still"}, {"start": "00:31:38", "end": "00:31:42", "text": "it's just strange to think about for me."}, {"start": "00:31:49", "end": "00:31:53", "text": "Do you think we'll get an Iran deal by"}, {"start": "00:31:50", "end": "00:31:55", "text": "end of the month? I have no idea. I hope"}, {"start": "00:31:53", "end": "00:32:00", "text": "so. It should be already done, but there"}, {"start": "00:31:55", "end": "00:32:02", "text": "seems to be like endless"}, {"start": "00:32:00", "end": "00:32:05", "text": "endless negotiation and then we just had"}, {"start": "00:32:02", "end": "00:32:08", "text": "some escalation."}, {"start": "00:32:05", "end": "00:32:11", "text": "Don't know what that's about,"}, {"start": "00:32:08", "end": "00:32:11", "text": "but"}, {"start": "00:32:18", "end": "00:32:24", "text": "hopefully one of the last things to"}, {"start": "00:32:21", "end": "00:32:24", "text": "that's holding us back"}, {"start": "00:32:40", "end": "00:32:45", "text": "The moon is not really there as a"}, {"start": "00:32:42", "end": "00:32:46", "text": "hologram. Moon does not rotate. It does"}, {"start": "00:32:45", "end": "00:32:48", "text": "rotate on its own axis but in sync with"}, {"start": "00:32:46", "end": "00:32:51", "text": "the earth. So we always see the same"}, {"start": "00:32:48", "end": "00:32:51", "text": "face."}, {"start": "00:32:51", "end": "00:32:58", "text": "That"}, {"start": "00:32:54", "end": "00:32:58", "text": "that doesn't make any sense."}, {"start": "00:33:31", "end": "00:33:39", "text": "couple levels to look forward to 785 and"}, {"start": "00:33:35", "end": "00:33:39", "text": "after that 86."}, {"start": "00:33:39", "end": "00:33:45", "text": "So it's kind of kind of where we are"}, {"start": "00:33:42", "end": "00:33:45", "text": "right now."}, {"start": "00:34:00", "end": "00:34:06", "text": "The Clarity Act is still pending."}, {"start": "00:34:04", "end": "00:34:08", "text": "Still waiting to get the full vote, but"}, {"start": "00:34:06", "end": "00:34:11", "text": "it it's going to pass no matter what."}, {"start": "00:34:08", "end": "00:34:13", "text": "It's going to happen. Just have to wait"}, {"start": "00:34:11", "end": "00:34:15", "text": "hopefully sooner than later. And then"}, {"start": "00:34:13", "end": "00:34:19", "text": "that White House announcement about some"}, {"start": "00:34:15", "end": "00:34:21", "text": "big crypto thing most likely adding to"}, {"start": "00:34:19", "end": "00:34:24", "text": "the reserves in some way, the Bitcoin"}, {"start": "00:34:21", "end": "00:34:26", "text": "reserve. Um, I think they're all waiting"}, {"start": "00:34:24", "end": "00:34:30", "text": "for that to pass because that's supposed"}, {"start": "00:34:26", "end": "00:34:30", "text": "to come out soon, too."}, {"start": "00:35:11", "end": "00:35:14", "text": "You know what?"}, {"start": "00:35:18", "end": "00:35:23", "text": "This is what Nvidia's chart looks like."}, {"start": "00:35:27", "end": "00:35:33", "text": "A video is actually down like 8% 9% from"}, {"start": "00:35:30", "end": "00:35:38", "text": "their high recently, but they certainly"}, {"start": "00:35:33", "end": "00:35:43", "text": "had a huge climb upwards. Uh,"}, {"start": "00:35:38", "end": "00:35:43", "text": "let's see if other charts do show up."}, {"start": "00:35:43", "end": "00:35:48", "text": "MU, I don't think that's uh that's not"}, {"start": "00:35:46", "end": "00:35:51", "text": "an asset that we we follow,"}, {"start": "00:35:48", "end": "00:35:51", "text": "unfortunately."}, {"start": "00:35:52", "end": "00:35:55", "text": "MSTR"}, {"start": "00:35:56", "end": "00:36:01", "text": "MSDR also had a big rise from March."}, {"start": "00:36:00", "end": "00:36:04", "text": "It's just that unfortunately because of"}, {"start": "00:36:01", "end": "00:36:07", "text": "crypto right now has fallen down about"}, {"start": "00:36:04", "end": "00:36:09", "text": "18% from top. But that's a decent"}, {"start": "00:36:07", "end": "00:36:12", "text": "recovery. I didn't even know Micro"}, {"start": "00:36:09", "end": "00:36:15", "text": "Strategy went"}, {"start": "00:36:12", "end": "00:36:17", "text": "in January it actually went to almost"}, {"start": "00:36:15", "end": "00:36:20", "text": "$100"}, {"start": "00:36:17", "end": "00:36:24", "text": "and back in March it dropped to like"}, {"start": "00:36:20", "end": "00:36:26", "text": "120s. So that's still a substantial gain"}, {"start": "00:36:24", "end": "00:36:30", "text": "from,"}, {"start": "00:36:26", "end": "00:36:30", "text": "you know, a few months ago."}, {"start": "00:36:30", "end": "00:36:35", "text": "And it hit a high of 200."}, {"start": "00:36:36", "end": "00:36:40", "text": "I want to add more stocks to this."}, {"start": "00:37:02", "end": "00:37:09", "text": "Yeah, AMD up 134%."}, {"start": "00:37:06", "end": "00:37:11", "text": "That's something that I missed. I don't"}, {"start": "00:37:09", "end": "00:37:13", "text": "know why I missed it, but it's so"}, {"start": "00:37:11", "end": "00:37:15", "text": "logical. You know what? Like when it"}, {"start": "00:37:13", "end": "00:37:19", "text": "comes to investing, I just look at"}, {"start": "00:37:15", "end": "00:37:22", "text": "logical stuff. what makes sense whether"}, {"start": "00:37:19", "end": "00:37:24", "text": "whether it's crypto or stocks it's like"}, {"start": "00:37:22", "end": "00:37:28", "text": "doesn't make any sense"}, {"start": "00:37:24", "end": "00:37:31", "text": "um and if it does it's goodbye right"}, {"start": "00:37:28", "end": "00:37:34", "text": "like when it comes to AMD"}, {"start": "00:37:31", "end": "00:37:37", "text": "it made such perfect sense it's number"}, {"start": "00:37:34", "end": "00:37:42", "text": "two and when number one can't meet"}, {"start": "00:37:37", "end": "00:37:45", "text": "demands where do people go to number two"}, {"start": "00:37:42", "end": "00:37:49", "text": "it's just that simple there's not that"}, {"start": "00:37:45", "end": "00:37:51", "text": "many GPU makers ers or AI GPU makers."}, {"start": "00:37:49", "end": "00:37:53", "text": "There's very little of them on the"}, {"start": "00:37:51", "end": "00:37:56", "text": "planet. Number one is Nvidia, number two"}, {"start": "00:37:53", "end": "00:38:00", "text": "is AMD, and three, four, five are all"}, {"start": "00:37:56", "end": "00:38:02", "text": "like probably, you know, China based or"}, {"start": "00:38:00", "end": "00:38:04", "text": "Japanese-based."}, {"start": "00:38:02", "end": "00:38:07", "text": "So that's why AMD is doing so well. I I"}, {"start": "00:38:04", "end": "00:38:09", "text": "I don't know why"}, {"start": "00:38:07", "end": "00:38:11", "text": "it didn't compute in my head that but it"}, {"start": "00:38:09", "end": "00:38:13", "text": "didn't really matter because you know"}, {"start": "00:38:11", "end": "00:38:17", "text": "for a long time from October to about"}, {"start": "00:38:13", "end": "00:38:20", "text": "March is when everything was going down."}, {"start": "00:38:17", "end": "00:38:23", "text": "But now still not too late. We're only"}, {"start": "00:38:20", "end": "00:38:26", "text": "in May moving to June but things are"}, {"start": "00:38:23", "end": "00:38:27", "text": "still recovering. So still really good"}, {"start": "00:38:26", "end": "00:38:30", "text": "time"}, {"start": "00:38:27", "end": "00:38:33", "text": "to get in."}, {"start": "00:38:30", "end": "00:38:34", "text": "It's never too late, but this is still,"}, {"start": "00:38:33", "end": "00:38:37", "text": "I would argue, especially for crypto,"}, {"start": "00:38:34", "end": "00:38:42", "text": "it's like the best time, even though"}, {"start": "00:38:37", "end": "00:38:42", "text": "we're kind of held down right now."}, {"start": "00:39:03", "end": "00:39:06", "text": "NASDAQ"}, {"start": "00:39:13", "end": "00:39:22", "text": "has just ran on fire."}, {"start": "00:39:17", "end": "00:39:24", "text": "Dropbox CEO steps down after 19 years."}, {"start": "00:39:22", "end": "00:39:26", "text": "Man,"}, {"start": "00:39:24", "end": "00:39:29", "text": "Dropbox and all these other cloud"}, {"start": "00:39:26", "end": "00:39:31", "text": "providers, they I don't know how they're"}, {"start": "00:39:29", "end": "00:39:33", "text": "around."}, {"start": "00:39:31", "end": "00:39:36", "text": "Dan Webb five gifted memberships. Thank"}, {"start": "00:39:33", "end": "00:39:40", "text": "you. I don't know how like Dropbox and"}, {"start": "00:39:36", "end": "00:39:41", "text": "like Box or or all these survive, man."}, {"start": "00:39:40", "end": "00:39:44", "text": "Because"}, {"start": "00:39:41", "end": "00:39:47", "text": "you can't compete with Google Drive, you"}, {"start": "00:39:44", "end": "00:39:49", "text": "know? It's just impossible. And then"}, {"start": "00:39:47", "end": "00:39:52", "text": "Microsoft has one drive and they"}, {"start": "00:39:49", "end": "00:39:55", "text": "basically give them out for free."}, {"start": "00:39:52", "end": "00:39:58", "text": "So I I don't even know how they survive."}, {"start": "00:39:55", "end": "00:40:01", "text": "And they didn't move to AI fast enough."}, {"start": "00:39:58", "end": "00:40:04", "text": "All these big tech companies,"}, {"start": "00:40:01", "end": "00:40:06", "text": "if they don't move to AI, they're"}, {"start": "00:40:04", "end": "00:40:08", "text": "they're they're done. Every single"}, {"start": "00:40:06", "end": "00:40:10", "text": "person needs to move. Every single"}, {"start": "00:40:08", "end": "00:40:12", "text": "company needs to move to AI fast and"}, {"start": "00:40:10", "end": "00:40:14", "text": "they have to do it efficiently and"}, {"start": "00:40:12", "end": "00:40:16", "text": "figure out what is actually useful. Not"}, {"start": "00:40:14", "end": "00:40:18", "text": "just say, \"Oh, we got AI agent.\" Like"}, {"start": "00:40:16", "end": "00:40:21", "text": "you had to have some really good use"}, {"start": "00:40:18", "end": "00:40:21", "text": "case."}, {"start": "00:41:01", "end": "00:41:08", "text": "potatoes up 97%."}, {"start": "00:41:04", "end": "00:41:11", "text": "Who doesn't love potatoes? Potatoes."}, {"start": "00:41:08", "end": "00:41:14", "text": "So many ways to make delicious"}, {"start": "00:41:11", "end": "00:41:14", "text": "potatoes."}, {"start": "00:41:16", "end": "00:41:19", "text": "You really can't go wrong. And I I've"}, {"start": "00:41:18", "end": "00:41:22", "text": "always heard this, too. So if you are"}, {"start": "00:41:19", "end": "00:41:26", "text": "stranded on an island,"}, {"start": "00:41:22", "end": "00:41:31", "text": "the one food you want to eat, if you can"}, {"start": "00:41:26", "end": "00:41:33", "text": "choose, is uh is potato."}, {"start": "00:41:31", "end": "00:41:35", "text": "It's supposed to be like the most"}, {"start": "00:41:33", "end": "00:41:40", "text": "nutritious"}, {"start": "00:41:35", "end": "00:41:42", "text": "single food category there is."}, {"start": "00:41:40", "end": "00:41:44", "text": "And surprisingly, it's from the skin."}, {"start": "00:41:42", "end": "00:41:47", "text": "It's not from like the meat on the"}, {"start": "00:41:44", "end": "00:41:47", "text": "inside."}, {"start": "00:41:56", "end": "00:42:01", "text": "All right, guys."}, {"start": "00:41:58", "end": "00:42:04", "text": "That's pretty much it."}, {"start": "00:42:01", "end": "00:42:09", "text": "Overall, yeah, we got more escalation"}, {"start": "00:42:04", "end": "00:42:09", "text": "with Middle East, with even"}, {"start": "00:42:09", "end": "00:42:15", "text": "Europe, which is unfortunate, but it"}, {"start": "00:42:12", "end": "00:42:17", "text": "does seem like"}, {"start": "00:42:15", "end": "00:42:19", "text": "things are"}, {"start": "00:42:17", "end": "00:42:23", "text": "still getting better. Okay, you just got"}, {"start": "00:42:19", "end": "00:42:26", "text": "to stay strong. This is the time when"}, {"start": "00:42:23", "end": "00:42:29", "text": "it's boring, when it's consolidating,"}, {"start": "00:42:26", "end": "00:42:31", "text": "when it's fetish out there. This is the"}, {"start": "00:42:29", "end": "00:42:33", "text": "time to stay strong and load up. That's"}, {"start": "00:42:31", "end": "00:42:37", "text": "what you're supposed to do. That's how"}, {"start": "00:42:33", "end": "00:42:40", "text": "people build wealth by buying low and"}, {"start": "00:42:37", "end": "00:42:44", "text": "selling high. So stay strong, my"}, {"start": "00:42:40", "end": "00:42:47", "text": "friends. Go check out Ask Clash. All the"}, {"start": "00:42:44", "end": "00:42:50", "text": "features I built, all the intelligence"}, {"start": "00:42:47", "end": "00:42:54", "text": "in here is meant for you guys to get"}, {"start": "00:42:50", "end": "00:42:56", "text": "better at whatever you're looking to do."}, {"start": "00:42:54", "end": "00:42:59", "text": "All right, have a good one, guys. Take"}, {"start": "00:42:56", "end": "00:42:59", "text": "care."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Very successful. You saw Venezuela, it"}, {"start": "00:00:02", "end": "00:00:06", "text": "was a one-day win, and this is really a"}, {"start": "00:00:05", "end": "00:00:08", "text": "win already. We've defeated their"}, {"start": "00:00:06", "end": "00:00:09", "text": "military, essentially defeated their"}, {"start": "00:00:08", "end": "00:00:11", "text": "military."}, {"start": "00:00:09", "end": "00:00:13", "text": ">> Seeing the news headlines break out"}, {"start": "00:00:11", "end": "00:00:17", "text": "after Trump had considered Iran's war"}, {"start": "00:00:13", "end": "00:00:19", "text": "completely done make me detect a lie in"}, {"start": "00:00:17", "end": "00:00:22", "text": "the famous words [music] of Mari. That"}, {"start": "00:00:19", "end": "00:00:24", "text": "was indeed a lie. Things have escalated"}, {"start": "00:00:22", "end": "00:00:26", "text": "heavily this morning and Bitcoin's price"}, {"start": "00:00:24", "end": "00:00:28", "text": "started showing it. Trying to show some"}, {"start": "00:00:26", "end": "00:00:31", "text": "signs of relief this morning as I'm"}, {"start": "00:00:28", "end": "00:00:33", "text": "recording, but uh we have taken a major"}, {"start": "00:00:31", "end": "00:00:37", "text": "major dip from 73,600"}, {"start": "00:00:33", "end": "00:00:40", "text": "down to the lows of about $70,500,"}, {"start": "00:00:37", "end": "00:00:42", "text": "a drop of 4.25%. And there's a big"}, {"start": "00:00:40", "end": "00:00:43", "text": "reason why. And in this video I'm going"}, {"start": "00:00:42", "end": "00:00:46", "text": "to cover the catalysts that are driving"}, {"start": "00:00:43", "end": "00:00:48", "text": "the price down on Bitcoin currently, but"}, {"start": "00:00:46", "end": "00:00:50", "text": "also the larger context of where this"}, {"start": "00:00:48", "end": "00:00:52", "text": "war is likely to take us over the course"}, {"start": "00:00:50", "end": "00:00:54", "text": "of the remainder of this year. And a big"}, {"start": "00:00:52", "end": "00:00:56", "text": "reason why we saw such a massive"}, {"start": "00:00:54", "end": "00:00:59", "text": "downturn was early this morning Trump"}, {"start": "00:00:56", "end": "00:01:01", "text": "said the US will continue its blockade"}, {"start": "00:00:59", "end": "00:01:04", "text": "in the Strait of Hormuz after Iran has"}, {"start": "00:01:01", "end": "00:01:06", "text": "suspended negotiations. This is odd"}, {"start": "00:01:04", "end": "00:01:08", "text": "context because last week we had heard"}, {"start": "00:01:06", "end": "00:01:11", "text": "that there was no more blockade and that"}, {"start": "00:01:08", "end": "00:01:13", "text": "we were seeing free-flowing ships and"}, {"start": "00:01:11", "end": "00:01:15", "text": "oil through the strait. And as we always"}, {"start": "00:01:13", "end": "00:01:18", "text": "knew, the old line \"But wait, there's"}, {"start": "00:01:15", "end": "00:01:19", "text": "more\" plays into this heavily. Iran says"}, {"start": "00:01:18", "end": "00:01:23", "text": "that it has now decided to execute a"}, {"start": "00:01:19", "end": "00:01:25", "text": "full blockade on Bab el-Mandeb Strait as"}, {"start": "00:01:23", "end": "00:01:27", "text": "well as the Strait of Hormuz as a next"}, {"start": "00:01:25", "end": "00:01:29", "text": "operational step following the"}, {"start": "00:01:27", "end": "00:01:31", "text": "announcement of the end of negotiations"}, {"start": "00:01:29", "end": "00:01:34", "text": "and communication with the United"}, {"start": "00:01:31", "end": "00:01:36", "text": "States. Oil has decided to surge by 8%"}, {"start": "00:01:34", "end": "00:01:38", "text": "trading right around $94 as I'm"}, {"start": "00:01:36", "end": "00:01:41", "text": "recording this, but the Brent crude oil"}, {"start": "00:01:38", "end": "00:01:44", "text": "price chart looks very very bullish. It"}, {"start": "00:01:41", "end": "00:01:46", "text": "looks like it wants more upside. So, the"}, {"start": "00:01:44", "end": "00:01:48", "text": "context behind this back and forth on"}, {"start": "00:01:46", "end": "00:01:50", "text": "why Trump is acting like we've already"}, {"start": "00:01:48", "end": "00:01:51", "text": "got this win in the bag and why Iran's"}, {"start": "00:01:50", "end": "00:01:53", "text": "like, \"What the hell are you talking"}, {"start": "00:01:51", "end": "00:01:55", "text": "about? We're not even in negotiations,"}, {"start": "00:01:53", "end": "00:01:57", "text": "and we're not giving up an inch\" has"}, {"start": "00:01:55", "end": "00:02:00", "text": "been clarified, but it really hasn't"}, {"start": "00:01:57", "end": "00:02:03", "text": "been heard by the mass media as of yet."}, {"start": "00:02:00", "end": "00:02:05", "text": "Iran is directly rejecting Trump's true"}, {"start": "00:02:03", "end": "00:02:08", "text": "social demands as the complete opposite"}, {"start": "00:02:05", "end": "00:02:10", "text": "of what the draft text is, denying Iran"}, {"start": "00:02:08", "end": "00:02:11", "text": "agreed to reopen the Hormuz Strait"}, {"start": "00:02:10", "end": "00:02:14", "text": "without tolls or removing any of the"}, {"start": "00:02:11", "end": "00:02:16", "text": "mines, dismantling its materials in the"}, {"start": "00:02:14", "end": "00:02:19", "text": "nuclear division and handing over"}, {"start": "00:02:16", "end": "00:02:21", "text": "uranium to the US or any third party, or"}, {"start": "00:02:19", "end": "00:02:23", "text": "proceed without the immediate payment of"}, {"start": "00:02:21", "end": "00:02:26", "text": "$12 billion"}, {"start": "00:02:23", "end": "00:02:28", "text": "in frozen Iranian assets. Now, these"}, {"start": "00:02:26", "end": "00:02:30", "text": "demands are the opening requirements for"}, {"start": "00:02:28", "end": "00:02:32", "text": "Iran to be able to start negotiating,"}, {"start": "00:02:30", "end": "00:02:34", "text": "adding that the Hormuz Strait remains"}, {"start": "00:02:32", "end": "00:02:36", "text": "under Iranian sovereign arrangements,"}, {"start": "00:02:34", "end": "00:02:39", "text": "and the nuclear issues are not and will"}, {"start": "00:02:36", "end": "00:02:42", "text": "not be discussed. Now, Trump is in his"}, {"start": "00:02:39", "end": "00:02:43", "text": "mode of final determination on Iran,"}, {"start": "00:02:42", "end": "00:02:46", "text": "with Iranian officials saying yesterday"}, {"start": "00:02:43", "end": "00:02:48", "text": "Iran cannot regard Trump's decision as"}, {"start": "00:02:46", "end": "00:02:49", "text": "definitively finalized until the"}, {"start": "00:02:48", "end": "00:02:51", "text": "financial markets close by the end of"}, {"start": "00:02:49", "end": "00:02:53", "text": "the week. Trump has made it very clear."}, {"start": "00:02:51", "end": "00:02:55", "text": "He does not care about the economic"}, {"start": "00:02:53", "end": "00:02:57", "text": "impacts of this war. He wants to take"}, {"start": "00:02:55", "end": "00:02:59", "text": "the nuclear arms and the nuclear"}, {"start": "00:02:57", "end": "00:03:01", "text": "enrichment out of the hands of the"}, {"start": "00:02:59", "end": "00:03:03", "text": "Iranians. And he feels very strongly"}, {"start": "00:03:01", "end": "00:03:05", "text": "about accomplishing this mission. As"}, {"start": "00:03:03", "end": "00:03:06", "text": "things sit right now, Iran has no"}, {"start": "00:03:05", "end": "00:03:08", "text": "interest in negotiating with this, which"}, {"start": "00:03:06", "end": "00:03:10", "text": "is playing into the massive sell-off"}, {"start": "00:03:08", "end": "00:03:12", "text": "this morning. But also, we had the help"}, {"start": "00:03:10", "end": "00:03:15", "text": "of Michael Saylor and his strategy"}, {"start": "00:03:12", "end": "00:03:17", "text": "organization selling a tiny portion of"}, {"start": "00:03:15", "end": "00:03:20", "text": "their Bitcoin holdings, but a portion"}, {"start": "00:03:17", "end": "00:03:21", "text": "nonetheless. They sold 32 Bitcoin worth"}, {"start": "00:03:20", "end": "00:03:25", "text": "$2.5 million"}, {"start": "00:03:21", "end": "00:03:27", "text": "at $77,000 last week. Some good context"}, {"start": "00:03:25", "end": "00:03:30", "text": "to this. The last time strategy sold"}, {"start": "00:03:27", "end": "00:03:33", "text": "Bitcoin was on December 22nd of 2022,"}, {"start": "00:03:30", "end": "00:03:37", "text": "when they sold 700 Bitcoin at $16,000"}, {"start": "00:03:33", "end": "00:03:38", "text": "apiece, but they quickly bought back 810"}, {"start": "00:03:37", "end": "00:03:41", "text": "at 16,800"}, {"start": "00:03:38", "end": "00:03:42", "text": "on December 24th of that same year. Now,"}, {"start": "00:03:41", "end": "00:03:44", "text": "there are mechanisms or requirements to"}, {"start": "00:03:42", "end": "00:03:48", "text": "pay dividends for some of strategy"}, {"start": "00:03:44", "end": "00:03:50", "text": "products, likely playing into the sell,"}, {"start": "00:03:48", "end": "00:03:53", "text": "but nonetheless, this does leave the"}, {"start": "00:03:50", "end": "00:03:54", "text": "crypto market a little bit concerned if"}, {"start": "00:03:53", "end": "00:03:56", "text": "Michael Saylor is leaving them out to"}, {"start": "00:03:54", "end": "00:03:58", "text": "dry. With the people of Twitter taking"}, {"start": "00:03:56", "end": "00:04:00", "text": "to the comment section and absolutely"}, {"start": "00:03:58", "end": "00:04:02", "text": "having no mercy,"}, {"start": "00:04:00", "end": "00:04:04", "text": "Saylor was your pilot as he's outside"}, {"start": "00:04:02", "end": "00:04:06", "text": "the window flying out into the sunset."}, {"start": "00:04:04", "end": "00:04:08", "text": "But you know what? I think things are"}, {"start": "00:04:06", "end": "00:04:09", "text": "going to be fine. 32 Bitcoin is a drop"}, {"start": "00:04:08", "end": "00:04:12", "text": "in the bucket compared to the massive"}, {"start": "00:04:09", "end": "00:04:15", "text": "amount of Bitcoin that strategy holds,"}, {"start": "00:04:12", "end": "00:04:16", "text": "but this news this morning, I don't"}, {"start": "00:04:15", "end": "00:04:18", "text": "think it's completely driven by"}, {"start": "00:04:16", "end": "00:04:20", "text": "strategy's slight sell. I think that a"}, {"start": "00:04:18", "end": "00:04:23", "text": "larger portion of the market is sitting"}, {"start": "00:04:20", "end": "00:04:25", "text": "in a new realm of uncertainty and unease"}, {"start": "00:04:23", "end": "00:04:28", "text": "as no end to the Iranian outlook is"}, {"start": "00:04:25", "end": "00:04:29", "text": "really solid on the United States side."}, {"start": "00:04:28", "end": "00:04:32", "text": "Now, as I'm sitting here going through"}, {"start": "00:04:29", "end": "00:04:34", "text": "all the news, Bitcoin is trying to find"}, {"start": "00:04:32", "end": "00:04:36", "text": "a little bit of a bounce point sitting"}, {"start": "00:04:34", "end": "00:04:38", "text": "at 71.5 and this can change drastically"}, {"start": "00:04:36", "end": "00:04:40", "text": "by the time this comes out, but I got to"}, {"start": "00:04:38", "end": "00:04:43", "text": "say it feels like we're being magnetized"}, {"start": "00:04:40", "end": "00:04:45", "text": "to the point of control for Bitcoin. On"}, {"start": "00:04:43", "end": "00:04:47", "text": "the daily and 4-hour time frames, the"}, {"start": "00:04:45", "end": "00:04:49", "text": "point of control sits at about"}, {"start": "00:04:47", "end": "00:04:52", "text": "$68,67,000."}, {"start": "00:04:49", "end": "00:04:55", "text": "$70,000 is very psychological of the top"}, {"start": "00:04:52", "end": "00:04:57", "text": "end of this volume node where it begins."}, {"start": "00:04:55", "end": "00:04:59", "text": "I still have the conviction that this"}, {"start": "00:04:57", "end": "00:05:02", "text": "large volume node where a lot of the"}, {"start": "00:04:59", "end": "00:05:04", "text": "Bitcoin has been sold and bought is"}, {"start": "00:05:02", "end": "00:05:06", "text": "going to be a reasonable bounce point,"}, {"start": "00:05:04", "end": "00:05:09", "text": "but the MACD on the daily is pointing"}, {"start": "00:05:06", "end": "00:05:10", "text": "down heavily. Another important part of"}, {"start": "00:05:09", "end": "00:05:12", "text": "the Bitcoin charts that I got to cover"}, {"start": "00:05:10", "end": "00:05:15", "text": "on tonight's video is the fact that"}, {"start": "00:05:12", "end": "00:05:16", "text": "we've lost this ascending channel. Now,"}, {"start": "00:05:15", "end": "00:05:18", "text": "we're sitting right under the bottom"}, {"start": "00:05:16", "end": "00:05:22", "text": "floor, which, you know, if I see us pump"}, {"start": "00:05:18", "end": "00:05:24", "text": "up to about $72,000 tonight, I might be"}, {"start": "00:05:22", "end": "00:05:26", "text": "looking at taking some scalp shorts."}, {"start": "00:05:24", "end": "00:05:27", "text": "With the lack of certainty about the war"}, {"start": "00:05:26", "end": "00:05:29", "text": "coming to its conclusion and Trump's"}, {"start": "00:05:27", "end": "00:05:30", "text": "administration with the feeling that"}, {"start": "00:05:29", "end": "00:05:32", "text": "Trump's administration got caught"}, {"start": "00:05:30", "end": "00:05:34", "text": "putting the cart before the horse, I'd"}, {"start": "00:05:32", "end": "00:05:37", "text": "say that this price chart is magnetized"}, {"start": "00:05:34", "end": "00:05:39", "text": "to at least the higher 60s in what's"}, {"start": "00:05:37", "end": "00:05:42", "text": "going on in the macro. The good news for"}, {"start": "00:05:39", "end": "00:05:44", "text": "me is that this bear market is looking"}, {"start": "00:05:42", "end": "00:05:45", "text": "like a chop and grind. If we continue to"}, {"start": "00:05:44", "end": "00:05:47", "text": "chop and grind like this, I'm going to"}, {"start": "00:05:45", "end": "00:05:49", "text": "have plenty of time for good entry"}, {"start": "00:05:47", "end": "00:05:51", "text": "points on cheaper Bitcoin and some"}, {"start": "00:05:49", "end": "00:05:54", "text": "altcoins that I enjoy holding more than"}, {"start": "00:05:51", "end": "00:05:56", "text": "others. The weekly market cipher money"}, {"start": "00:05:54", "end": "00:05:58", "text": "flow shows that a red dot had printed at"}, {"start": "00:05:56", "end": "00:06:00", "text": "the end of last week, and we are likely"}, {"start": "00:05:58", "end": "00:06:03", "text": "going to be starting to develop that"}, {"start": "00:06:00", "end": "00:06:05", "text": "chop zone where I enjoy buying altcoins"}, {"start": "00:06:03", "end": "00:06:07", "text": "before the next portion of a bull market"}, {"start": "00:06:05", "end": "00:06:08", "text": "really gets started. And in terms of"}, {"start": "00:06:07", "end": "00:06:11", "text": "where we are in fear and greed, we're"}, {"start": "00:06:08", "end": "00:06:13", "text": "sitting at about a 31 on fear, which"}, {"start": "00:06:11", "end": "00:06:16", "text": "honestly isn't too fearful. Uh we hit"}, {"start": "00:06:13", "end": "00:06:19", "text": "extreme fear levels when this all kicked"}, {"start": "00:06:16", "end": "00:06:21", "text": "off and we dropped about $69,000"}, {"start": "00:06:19", "end": "00:06:23", "text": "um earlier this year, but sitting right"}, {"start": "00:06:21", "end": "00:06:25", "text": "now where we're at, I think that there's"}, {"start": "00:06:23", "end": "00:06:27", "text": "a little bit of room for more fear to"}, {"start": "00:06:25", "end": "00:06:29", "text": "come in. People are going to get real"}, {"start": "00:06:27", "end": "00:06:32", "text": "skittish if we get anywhere close to"}, {"start": "00:06:29", "end": "00:06:34", "text": "this point of control at about 67K. My"}, {"start": "00:06:32", "end": "00:06:37", "text": "buying season for Bitcoin is wide open"}, {"start": "00:06:34", "end": "00:06:40", "text": "through this whole range, and if I see"}, {"start": "00:06:37", "end": "00:06:41", "text": "confluence with the Bitcoin money flow"}, {"start": "00:06:40", "end": "00:06:43", "text": "starting to chop back and forth like"}, {"start": "00:06:41", "end": "00:06:46", "text": "I've been covering, that's where I start"}, {"start": "00:06:43", "end": "00:06:48", "text": "layering heavier into the altcoins I"}, {"start": "00:06:46", "end": "00:06:50", "text": "prefer. The US military is looking at"}, {"start": "00:06:48", "end": "00:06:52", "text": "what 2027's actually going to look like"}, {"start": "00:06:50", "end": "00:06:54", "text": "with the United States and Iran war, and"}, {"start": "00:06:52", "end": "00:06:56", "text": "it's not helping that we're seeing this."}, {"start": "00:06:54", "end": "00:06:58", "text": "Iran's IRGC is threatening to target"}, {"start": "00:06:56", "end": "00:07:01", "text": "northern Israel if strikes conducted"}, {"start": "00:06:58", "end": "00:07:02", "text": "against Hezbollah in Beirut. Now, some"}, {"start": "00:07:01", "end": "00:07:04", "text": "central headquarters have called on"}, {"start": "00:07:02", "end": "00:07:06", "text": "residents to evacuate in the event that"}, {"start": "00:07:04", "end": "00:07:09", "text": "the IDF strikes the target Lebanese"}, {"start": "00:07:06", "end": "00:07:11", "text": "capital, but this war in sum is"}, {"start": "00:07:09", "end": "00:07:13", "text": "expanding. The uncertainty is"}, {"start": "00:07:11", "end": "00:07:16", "text": "increasing, and we do have the potential"}, {"start": "00:07:13", "end": "00:07:18", "text": "for a nasty wash out on not just"}, {"start": "00:07:16", "end": "00:07:20", "text": "Bitcoin, but the S&P 500 if cooler heads"}, {"start": "00:07:18", "end": "00:07:22", "text": "do not prevail. Even though spirits are"}, {"start": "00:07:20", "end": "00:07:24", "text": "low in crypto, these are the times I"}, {"start": "00:07:22", "end": "00:07:26", "text": "enjoy crypto more than anything where"}, {"start": "00:07:24", "end": "00:07:28", "text": "prices have come back down to"}, {"start": "00:07:26", "end": "00:07:30", "text": "equilibrium, and I can start snooping"}, {"start": "00:07:28", "end": "00:07:32", "text": "around and adding to my bags to get"}, {"start": "00:07:30", "end": "00:07:34", "text": "ready for the next bull market. And let"}, {"start": "00:07:32", "end": "00:07:35", "text": "me know down in the comments what you"}, {"start": "00:07:34", "end": "00:07:38", "text": "think is coming next. Is it time to"}, {"start": "00:07:35", "end": "00:07:40", "text": "start selling? Is the is this signal"}, {"start": "00:07:38", "end": "00:07:41", "text": "from Michael Saylor's strategy that they"}, {"start": "00:07:40", "end": "00:07:43", "text": "sold a tiny little portion just the"}, {"start": "00:07:41", "end": "00:07:46", "text": "beginning of a larger avalanche of"}, {"start": "00:07:43", "end": "00:07:48", "text": "Bitcoin sell-offs, or is this the season"}, {"start": "00:07:46", "end": "00:07:49", "text": "for buying? I know what I'm doing, but"}, {"start": "00:07:48", "end": "00:07:51", "text": "let me know what you're doing down in"}, {"start": "00:07:49", "end": "00:07:53", "text": "the comments, and I will stay very"}, {"start": "00:07:51", "end": "00:07:54", "text": "focused on making sure that we bring you"}, {"start": "00:07:53", "end": "00:07:57", "text": "the accurate information for what's"}, {"start": "00:07:54", "end": "00:07:59", "text": "happening in Iran, and what's likely to"}, {"start": "00:07:57", "end": "00:08:01", "text": "occur over the next year as the bear"}, {"start": "00:07:59", "end": "00:08:04", "text": "market grinds on. I'll see you very"}, {"start": "00:08:01", "end": "00:08:04", "text": "soon. Take care."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Which one's the best crypto asset? Best"}, {"start": "00:00:02", "end": "00:00:08", "text": "crypto asset. Which one the best? Which"}, {"start": "00:00:05", "end": "00:00:09", "text": "one the best? Which one the best? Which"}, {"start": "00:00:08", "end": "00:00:12", "text": "one's the best? Which one's the best?"}, {"start": "00:00:09", "end": "00:00:14", "text": "Which one's the best? Which one's the"}, {"start": "00:00:12", "end": "00:00:18", "text": "best? Which one the best? Which one the"}, {"start": "00:00:14", "end": "00:00:21", "text": "best? Which one? Which one? Which one?"}, {"start": "00:00:18", "end": "00:00:21", "text": "What's the second best"}, {"start": "00:00:29", "end": "00:00:33", "text": "discover crypto? Welcome to the show."}, {"start": "00:00:31", "end": "00:00:36", "text": "We're going to be unpacking the big"}, {"start": "00:00:33", "end": "00:00:39", "text": "Bitcoin lie that's taking over headlines"}, {"start": "00:00:36", "end": "00:00:42", "text": "today. Are institutions absolutely"}, {"start": "00:00:39", "end": "00:00:44", "text": "fleeing the ship of Bitcoin or is"}, {"start": "00:00:42", "end": "00:00:47", "text": "someone just dejening out with billions"}, {"start": "00:00:44", "end": "00:00:49", "text": "of dollars making everyone crap their"}, {"start": "00:00:47", "end": "00:00:51", "text": "pants? We have a lot to cover on the"}, {"start": "00:00:49", "end": "00:00:53", "text": "episode today. We have a battle going on"}, {"start": "00:00:51", "end": "00:00:55", "text": "between Jamie Diamond and Brian"}, {"start": "00:00:53", "end": "00:00:56", "text": "Armstrong of Coinbase which makes me"}, {"start": "00:00:55", "end": "00:00:59", "text": "pretty happy that we're still pissing"}, {"start": "00:00:56", "end": "00:01:00", "text": "off Jamie Diamond. I at least that that"}, {"start": "00:00:59", "end": "00:01:02", "text": "you mentioned that TJ that we're still"}, {"start": "00:01:00", "end": "00:01:04", "text": "pissing off the right people."}, {"start": "00:01:02", "end": "00:01:05", "text": ">> Bitcoin is still alive in some capacity."}, {"start": "00:01:04", "end": "00:01:08", "text": "We're not broken over for the Clarity"}, {"start": "00:01:05", "end": "00:01:10", "text": "Act. That feels good to still be a thorn"}, {"start": "00:01:08", "end": "00:01:12", "text": "in the side of Jamie Diamond. Uh we also"}, {"start": "00:01:10", "end": "00:01:15", "text": "have a lot of uh information to cover"}, {"start": "00:01:12", "end": "00:01:15", "text": "about Coinbase is taking on India in a"}, {"start": "00:01:15", "end": "00:01:17", "text": "pretty big way."}, {"start": "00:01:15", "end": "00:01:19", "text": ">> They are. Coinbase is making moves."}, {"start": "00:01:17", "end": "00:01:22", "text": ">> Yeah, Coinbase is making moves and uh a"}, {"start": "00:01:19", "end": "00:01:24", "text": "huge push towards CBDC's. We have a lot"}, {"start": "00:01:22", "end": "00:01:26", "text": "of stuff to cover today and Trump thinks"}, {"start": "00:01:24", "end": "00:01:28", "text": "Iran is going really well. Trump thinks"}, {"start": "00:01:26", "end": "00:01:30", "text": "Iran is going super. So,"}, {"start": "00:01:28", "end": "00:01:31", "text": ">> super great, the greatest."}, {"start": "00:01:30", "end": "00:01:33", "text": ">> It's going to be good. We So, welcome to"}, {"start": "00:01:31", "end": "00:01:34", "text": "the show everybody. Thank you for"}, {"start": "00:01:33", "end": "00:01:36", "text": "joining me. I just got back from"}, {"start": "00:01:34", "end": "00:01:39", "text": "camping. I found out that my wife hates"}, {"start": "00:01:36", "end": "00:01:40", "text": "tents. I purposely put her in a tent to"}, {"start": "00:01:39", "end": "00:01:42", "text": "see how"}, {"start": "00:01:40", "end": "00:01:44", "text": ">> because I like tents."}, {"start": "00:01:42", "end": "00:01:45", "text": ">> Bold move. Bold move. Wife in the tent"}, {"start": "00:01:44", "end": "00:01:46", "text": "just to see how it would go. That's"}, {"start": "00:01:45", "end": "00:01:49", "text": "common."}, {"start": "00:01:46", "end": "00:01:52", "text": ">> She ended up just building a uh like a"}, {"start": "00:01:49", "end": "00:01:53", "text": "Tia Mahal a Taj Mahal inside of the"}, {"start": "00:01:52", "end": "00:01:53", "text": "Toyota Sequoia."}, {"start": "00:01:53", "end": "00:01:56", "text": ">> Okay."}, {"start": "00:01:53", "end": "00:01:58", "text": ">> And she just left me in the It was up to"}, {"start": "00:01:56", "end": "00:02:00", "text": "me and the kids in the tents. It is what"}, {"start": "00:01:58", "end": "00:02:03", "text": "it is. But now I'm FOMOing after those"}, {"start": "00:02:00", "end": "00:02:04", "text": "travel trailers. So I don't know."}, {"start": "00:02:03", "end": "00:02:07", "text": "Speaking of, we got I don't know if it's"}, {"start": "00:02:04", "end": "00:02:10", "text": "FOMO or uh greed or whatever it is. We"}, {"start": "00:02:07", "end": "00:02:11", "text": "got 45k calls in the chat. 50k. We got"}, {"start": "00:02:10", "end": "00:02:15", "text": "the bottom callers are back."}, {"start": "00:02:11", "end": "00:02:17", "text": ">> Okay, listen. I I want I want 45k"}, {"start": "00:02:15", "end": "00:02:19", "text": "Bitcoin. I I literally do. Like, I'm not"}, {"start": "00:02:17", "end": "00:02:22", "text": "lying to you. I would like the"}, {"start": "00:02:19", "end": "00:02:24", "text": "opportunity for $10,000 to buy me 20% of"}, {"start": "00:02:22", "end": "00:02:25", "text": "a Bitcoin. That would be incredible."}, {"start": "00:02:24", "end": "00:02:26", "text": ">> Sounds great."}, {"start": "00:02:25", "end": "00:02:30", "text": ">> That would be fantastic. I mean the the"}, {"start": "00:02:26", "end": "00:02:33", "text": "markets, you know, when I left uh 74K"}, {"start": "00:02:30", "end": "00:02:35", "text": "was acting as this point of resistance."}, {"start": "00:02:33", "end": "00:02:37", "text": "Um you know, I I found like a small"}, {"start": "00:02:35", "end": "00:02:41", "text": "little that I did one trade so far in"}, {"start": "00:02:37", "end": "00:02:43", "text": "the 10 uh 1,000 to 10K challenge and I"}, {"start": "00:02:41", "end": "00:02:46", "text": "ended up clipping it for like 19%, made"}, {"start": "00:02:43", "end": "00:02:48", "text": "a couple hundred bucks, but I just felt"}, {"start": "00:02:46", "end": "00:02:50", "text": "like 74 was really sticky and it is"}, {"start": "00:02:48", "end": "00:02:51", "text": "looking that way. I mean it looks like"}, {"start": "00:02:50", "end": "00:02:53", "text": "we are"}, {"start": "00:02:51", "end": "00:02:55", "text": ">> headed downtown to Chinatown. We"}, {"start": "00:02:53", "end": "00:02:57", "text": "actually You know what I have to do? I"}, {"start": "00:02:55", "end": "00:03:00", "text": "think I'm still logged in as Deezy. I'm"}, {"start": "00:02:57", "end": "00:03:02", "text": "going to go see how his uh channel is"}, {"start": "00:03:00", "end": "00:03:04", "text": "playing out right now on Bitcoin because"}, {"start": "00:03:02", "end": "00:03:07", "text": "I have a feeling that we are starting to"}, {"start": "00:03:04", "end": "00:03:08", "text": "lose the bottom end of the Bitcoin"}, {"start": "00:03:07", "end": "00:03:10", "text": "channel here. So, let me pull it up on"}, {"start": "00:03:08", "end": "00:03:12", "text": "Trading View. This has got a lot of"}, {"start": "00:03:10", "end": "00:03:14", "text": "people scared, but you know what is"}, {"start": "00:03:12", "end": "00:03:16", "text": "killing me today? What's up?"}, {"start": "00:03:14", "end": "00:03:17", "text": "So,"}, {"start": "00:03:16", "end": "00:03:19", "text": "all right. I know I'm going to cover"}, {"start": "00:03:17", "end": "00:03:21", "text": "Bitcoin, but I want to cover Pokemon"}, {"start": "00:03:19", "end": "00:03:22", "text": "tokenized Pokemon first. Have you heard"}, {"start": "00:03:21", "end": "00:03:25", "text": "of this?"}, {"start": "00:03:22", "end": "00:03:25", "text": ">> Okay. It's called cards and I wanted to"}, {"start": "00:03:25", "end": "00:03:26", "text": "buy it."}, {"start": "00:03:25", "end": "00:03:27", "text": ">> Yeah, I have heard of this."}, {"start": "00:03:26", "end": "00:03:30", "text": ">> Yeah. Now, I wanted to buy it just"}, {"start": "00:03:27", "end": "00:03:32", "text": "because I like Pokemon. Where is this"}, {"start": "00:03:30", "end": "00:03:33", "text": "thing? I want to show you cards graph. I"}, {"start": "00:03:32", "end": "00:03:34", "text": "was looking at buying this thing at like"}, {"start": "00:03:33", "end": "00:03:36", "text": "three cents."}, {"start": "00:03:34", "end": "00:03:38", "text": ">> Yeah, this is the I mean that's the IP."}, {"start": "00:03:36", "end": "00:03:39", "text": "A lot of people would buy something. Oh,"}, {"start": "00:03:38", "end": "00:03:41", "text": "it was that's not it, right?"}, {"start": "00:03:39", "end": "00:03:42", "text": ">> Yeah, it is. This is it."}, {"start": "00:03:41", "end": "00:03:45", "text": ">> Collector Crypt."}, {"start": "00:03:42", "end": "00:03:47", "text": ">> Yeah, Collector Crypt ticker cards. Um I"}, {"start": "00:03:45", "end": "00:03:50", "text": "was looking at it at like three cents in"}, {"start": "00:03:47", "end": "00:03:52", "text": "this little bottom. I was like, it's it"}, {"start": "00:03:50", "end": "00:03:54", "text": "feels like zero. Yeah,"}, {"start": "00:03:52", "end": "00:03:56", "text": ">> but Pokemon cards were doing good and"}, {"start": "00:03:54", "end": "00:03:58", "text": "stuff. This thing is running, man. So,"}, {"start": "00:03:56", "end": "00:04:00", "text": "people are still having fun with uh you"}, {"start": "00:03:58", "end": "00:04:01", "text": "know, random altcoins. Bitcoin's having"}, {"start": "00:04:00", "end": "00:04:04", "text": "a little bit of trouble. Let's go check"}, {"start": "00:04:01", "end": "00:04:07", "text": "out what it looks like here. So,"}, {"start": "00:04:04", "end": "00:04:10", "text": "a little bit of a problem. Little bit of"}, {"start": "00:04:07", "end": "00:04:13", "text": "a problem. And if I'm looking at this, I"}, {"start": "00:04:10", "end": "00:04:14", "text": "know that we are generally losing. We're"}, {"start": "00:04:13", "end": "00:04:16", "text": "below the bottom end of that channel"}, {"start": "00:04:14", "end": "00:04:20", "text": "that DZ's been watching. Mhm."}, {"start": "00:04:16", "end": "00:04:23", "text": ">> Um, and really, man, like it kind of"}, {"start": "00:04:20", "end": "00:04:24", "text": "feels like we're going to check out 70."}, {"start": "00:04:23", "end": "00:04:27", "text": "It does kind of feel like we're going to"}, {"start": "00:04:24", "end": "00:04:30", "text": "go vibe check 70, which might be"}, {"start": "00:04:27", "end": "00:04:32", "text": "terrifying for is it emotional reactions"}, {"start": "00:04:30", "end": "00:04:34", "text": "that we're seeing the 45K or hopeful?"}, {"start": "00:04:32", "end": "00:04:35", "text": ">> Hopeful so far. I mean, people saying"}, {"start": "00:04:34", "end": "00:04:37", "text": "they'd sell, you know, this guy's saying"}, {"start": "00:04:35", "end": "00:04:39", "text": "he'd sell his girlfriend's kidney if we"}, {"start": "00:04:37", "end": "00:04:40", "text": "hit 45K."}, {"start": "00:04:39", "end": "00:04:42", "text": "Uh, another"}, {"start": "00:04:40", "end": "00:04:43", "text": ">> I think that's illegal. Illegal."}, {"start": "00:04:42", "end": "00:04:45", "text": ">> I think that's possible."}, {"start": "00:04:43", "end": "00:04:46", "text": ">> Like wakes up in an ice bath. Honey, I"}, {"start": "00:04:45", "end": "00:04:47", "text": "got another Bitcoin."}, {"start": "00:04:46", "end": "00:04:49", "text": ">> A lot of people saying it's never going"}, {"start": "00:04:47", "end": "00:04:52", "text": "to happen. Uh, but a lot of people"}, {"start": "00:04:49", "end": "00:04:54", "text": "wishing for it, which again, I in my"}, {"start": "00:04:52", "end": "00:04:56", "text": "opinion, the more people that are hoping"}, {"start": "00:04:54", "end": "00:04:58", "text": "for it generally means it is less likely"}, {"start": "00:04:56", "end": "00:05:01", "text": "to happen. I do I think 70K, like you"}, {"start": "00:04:58", "end": "00:05:03", "text": "said, is going to be a a persistent one."}, {"start": "00:05:01", "end": "00:05:04", "text": "Uh, you know, 69K, whatever you want to"}, {"start": "00:05:03", "end": "00:05:07", "text": "call it, previous cycle all-time high"}, {"start": "00:05:04", "end": "00:05:09", "text": "that there's a lot of volume there. You"}, {"start": "00:05:07", "end": "00:05:10", "text": "know, uh, high volume node. I guarantee"}, {"start": "00:05:09", "end": "00:05:11", "text": "that goes way back. I mean, you can kind"}, {"start": "00:05:10", "end": "00:05:12", "text": "of see it there. What are you on the"}, {"start": "00:05:11", "end": "00:05:13", "text": "weekly? Yeah."}, {"start": "00:05:12", "end": "00:05:15", "text": ">> Yeah, I'm on the weekly. You can just"}, {"start": "00:05:13", "end": "00:05:16", "text": "see that line sitting right there"}, {"start": "00:05:15", "end": "00:05:18", "text": "almost, you know, not far from where"}, {"start": "00:05:16", "end": "00:05:20", "text": "we're at. If you drop that red d line"}, {"start": "00:05:18", "end": "00:05:21", "text": "down just a little bit. Yeah. Right in"}, {"start": "00:05:20", "end": "00:05:23", "text": "there. Boom. I mean,"}, {"start": "00:05:21", "end": "00:05:25", "text": ">> yeah. The guts of this uh original ETF"}, {"start": "00:05:23", "end": "00:05:26", "text": "release volume. And I'm I'm kind of"}, {"start": "00:05:25", "end": "00:05:29", "text": "excit Do you do you know off the top of"}, {"start": "00:05:26", "end": "00:05:31", "text": "the head when when the next having is? I"}, {"start": "00:05:29", "end": "00:05:32", "text": "had it. I was looking at it, but I want"}, {"start": "00:05:31", "end": "00:05:33", "text": "to find that out."}, {"start": "00:05:32", "end": "00:05:35", "text": ">> You mean like exactly?"}, {"start": "00:05:33", "end": "00:05:37", "text": ">> Yeah. I want to find out when the next"}, {"start": "00:05:35", "end": "00:05:40", "text": "Bitcoin having is coming up because I"}, {"start": "00:05:37", "end": "00:05:42", "text": "feel like, you know, we've been a little"}, {"start": "00:05:40", "end": "00:05:45", "text": "bit aggravated in this range, but we've"}, {"start": "00:05:42", "end": "00:05:47", "text": "spent a pretty good amount of time"}, {"start": "00:05:45", "end": "00:05:50", "text": "boopping around here. About 133 days"}, {"start": "00:05:47", "end": "00:05:53", "text": "here. We're getting near that halfear"}, {"start": "00:05:50", "end": "00:05:55", "text": "mark of pain, and that means that the"}, {"start": "00:05:53", "end": "00:05:57", "text": "green and the happy times are getting"}, {"start": "00:05:55", "end": "00:05:58", "text": "closer and closer as this time goes by."}, {"start": "00:05:57", "end": "00:06:00", "text": ">> Well, there's the clock right there. Uh,"}, {"start": "00:05:58", "end": "00:06:01", "text": "let's see. 300 days. 304 days,"}, {"start": "00:06:00", "end": "00:06:03", "text": "basically."}, {"start": "00:06:01", "end": "00:06:04", "text": ">> 304 days. Okay. Okay."}, {"start": "00:06:03", "end": "00:06:07", "text": ">> Well, well, I'm sorry. One year, three,"}, {"start": "00:06:04", "end": "00:06:07", "text": "four days. It's 2000. It's two 2028 is"}, {"start": "00:06:07", "end": "00:06:10", "text": "when it is"}, {"start": "00:06:07", "end": "00:06:10", "text": ">> 2028. Uh, which month? What is it?"}, {"start": "00:06:10", "end": "00:06:13", "text": "January or"}, {"start": "00:06:10", "end": "00:06:14", "text": ">> April 2nd, 2028 estimate. Obviously,"}, {"start": "00:06:13", "end": "00:06:17", "text": "this can change a little bit with"}, {"start": "00:06:14", "end": "00:06:19", "text": "difficulty adjustments, and it's not"}, {"start": "00:06:17", "end": "00:06:22", "text": ">> it's a per block basis, and blocks"}, {"start": "00:06:19", "end": "00:06:24", "text": "resolve roughly every 15 minutes, but"}, {"start": "00:06:22", "end": "00:06:26", "text": "some run long, some run short. So, um,"}, {"start": "00:06:24", "end": "00:06:27", "text": ">> yeah, I mean, we're sitting here like"}, {"start": "00:06:26", "end": "00:06:29", "text": "watching the micro price moves in"}, {"start": "00:06:27", "end": "00:06:31", "text": "Bitcoin, but I just I want to keep in"}, {"start": "00:06:29", "end": "00:06:33", "text": "mind like the grander scheme of things,"}, {"start": "00:06:31", "end": "00:06:37", "text": "right? because I'm taking advantage of"}, {"start": "00:06:33", "end": "00:06:39", "text": "as much of this uh this downtime for"}, {"start": "00:06:37", "end": "00:06:41", "text": "Bitcoin's price as I can. And really,"}, {"start": "00:06:39", "end": "00:06:44", "text": "this actually makes me pretty happy"}, {"start": "00:06:41", "end": "00:06:46", "text": "thinking about hopefully you because I"}, {"start": "00:06:44", "end": "00:06:48", "text": "feel very strongly that Max Pain would"}, {"start": "00:06:46", "end": "00:06:50", "text": "be up only and if we break this all-time"}, {"start": "00:06:48", "end": "00:06:53", "text": "high again because we broke the all-time"}, {"start": "00:06:50", "end": "00:06:55", "text": "high way ahead of schedule last last"}, {"start": "00:06:53", "end": "00:06:57", "text": "cycle. Way ahead of schedule. So,"}, {"start": "00:06:55", "end": "00:06:58", "text": ">> timing wise, there's been a lot of"}, {"start": "00:06:57", "end": "00:07:00", "text": "things different about this than the"}, {"start": "00:06:58", "end": "00:07:02", "text": "traditional four-year cycle. Again,"}, {"start": "00:07:00", "end": "00:07:03", "text": "we've covered it a lot on this channel."}, {"start": "00:07:02", "end": "00:07:06", "text": "Traditional four-year cycle says we"}, {"start": "00:07:03", "end": "00:07:08", "text": "continue down the rest of this year"}, {"start": "00:07:06", "end": "00:07:10", "text": ">> sideways most of next year and then"}, {"start": "00:07:08", "end": "00:07:12", "text": "start to go up uh into 2028, you know,"}, {"start": "00:07:10", "end": "00:07:14", "text": "preceding the having. But like you just"}, {"start": "00:07:12", "end": "00:07:16", "text": "mentioned, we had never before made an"}, {"start": "00:07:14", "end": "00:07:19", "text": "all-time high pre having, which is what"}, {"start": "00:07:16", "end": "00:07:22", "text": "happened this time. So arguably, you"}, {"start": "00:07:19", "end": "00:07:23", "text": "know, the last bull bull run wasn't"}, {"start": "00:07:22", "end": "00:07:25", "text": "anything like the previous four-year"}, {"start": "00:07:23", "end": "00:07:28", "text": "cycles, you know, so a lot of people,"}, {"start": "00:07:25", "end": "00:07:29", "text": "myself included, thinking that the"}, {"start": "00:07:28", "end": "00:07:32", "text": "timing is going to be slightly different"}, {"start": "00:07:29", "end": "00:07:34", "text": "and we are bottoming. I still think, you"}, {"start": "00:07:32", "end": "00:07:37", "text": "know, around now, this I still think 60K"}, {"start": "00:07:34", "end": "00:07:38", "text": "was the bottom this summer is when we"}, {"start": "00:07:37", "end": "00:07:40", "text": "start to regain traction and hopefully"}, {"start": "00:07:38", "end": "00:07:42", "text": "start to grind back up."}, {"start": "00:07:40", "end": "00:07:44", "text": ">> Clarity Act, more news on that that"}, {"start": "00:07:42", "end": "00:07:46", "text": "we're going to get to later in the show."}, {"start": "00:07:44", "end": "00:07:48", "text": "But yeah, major sell-offs here and and a"}, {"start": "00:07:46", "end": "00:07:50", "text": "couple interesting, you know, we talked"}, {"start": "00:07:48", "end": "00:07:53", "text": "about last week how what was interesting"}, {"start": "00:07:50", "end": "00:07:55", "text": "to me was the the debt, you know,"}, {"start": "00:07:53", "end": "00:07:56", "text": "resolution that Micro Strategy did. Now"}, {"start": "00:07:55", "end": "00:07:57", "text": "we're seeing they actually sold some"}, {"start": "00:07:56", "end": "00:07:59", "text": "Bitcoin."}, {"start": "00:07:57", "end": "00:08:00", "text": ">> There's a lot there's a lot there."}, {"start": "00:07:59", "end": "00:08:01", "text": ">> That's a big deal."}, {"start": "00:08:00", "end": "00:08:03", "text": ">> There's a lot there. This came out this"}, {"start": "00:08:01", "end": "00:08:06", "text": "morning. Uh it's been reported that"}, {"start": "00:08:03", "end": "00:08:08", "text": "Strategy sold 32 Bitcoin,"}, {"start": "00:08:06", "end": "00:08:11", "text": ">> $2.4 million. That's honestly like a"}, {"start": "00:08:08", "end": "00:08:14", "text": "drop in the bucket to what they have."}, {"start": "00:08:11", "end": "00:08:16", "text": "Yeah. the it's the"}, {"start": "00:08:14", "end": "00:08:18", "text": "it's almost the meme of the story though"}, {"start": "00:08:16", "end": "00:08:19", "text": "that really matters. This is what people"}, {"start": "00:08:18", "end": "00:08:22", "text": "are saying."}, {"start": "00:08:19", "end": "00:08:24", "text": ">> I was your pilot and he's just"}, {"start": "00:08:22", "end": "00:08:26", "text": "he's out with his you know this is the"}, {"start": "00:08:24", "end": "00:08:28", "text": "vibe that's in Bitcoin right now."}, {"start": "00:08:26", "end": "00:08:29", "text": ">> Never sell your Bitcoin. He only told a"}, {"start": "00:08:28", "end": "00:08:30", "text": "little."}, {"start": "00:08:29", "end": "00:08:32", "text": ">> You look to your right and Michael"}, {"start": "00:08:30", "end": "00:08:34", "text": "Sailor's outside of the airplane. He was"}, {"start": "00:08:32", "end": "00:08:36", "text": "your pilot. Now he's"}, {"start": "00:08:34", "end": "00:08:38", "text": ">> you know that amount of Bitcoin compared"}, {"start": "00:08:36", "end": "00:08:40", "text": "to the overall stack of Bitcoin that"}, {"start": "00:08:38", "end": "00:08:43", "text": "strategy holds. I mean, what are they"}, {"start": "00:08:40", "end": "00:08:45", "text": "like 700 800,000 Bitcoin now?"}, {"start": "00:08:43", "end": "00:08:48", "text": ">> So, it is a very small drop in the"}, {"start": "00:08:45", "end": "00:08:50", "text": "bucket, but the the people, the memers"}, {"start": "00:08:48", "end": "00:08:51", "text": "of X, they're not going to let this one"}, {"start": "00:08:50", "end": "00:08:52", "text": "go away."}, {"start": "00:08:51", "end": "00:08:54", "text": ">> Well, and this is what's so interesting"}, {"start": "00:08:52", "end": "00:08:56", "text": "is I feel like I've said this a lot."}, {"start": "00:08:54", "end": "00:08:58", "text": "He's damned if you do, damned if you"}, {"start": "00:08:56", "end": "00:09:00", "text": "don't. Never sell, people are upset. You"}, {"start": "00:08:58", "end": "00:09:01", "text": "sell a little bit, people are upset."}, {"start": "00:09:00", "end": "00:09:03", "text": "There's been a lot of people in the"}, {"start": "00:09:01", "end": "00:09:05", "text": "traditional world that have been saying"}, {"start": "00:09:03", "end": "00:09:07", "text": "for a long time, just sell a little bit"}, {"start": "00:09:05", "end": "00:09:08", "text": "just to show that you could or would."}, {"start": "00:09:07", "end": "00:09:10", "text": "He's always said like, \"Hey, we could"}, {"start": "00:09:08", "end": "00:09:11", "text": "always sell some if we needed as"}, {"start": "00:09:10", "end": "00:09:13", "text": "resolved debt.\" Like"}, {"start": "00:09:11", "end": "00:09:15", "text": ">> what's interesting to me to your point"}, {"start": "00:09:13", "end": "00:09:18", "text": "is this is such a small amount. Is this"}, {"start": "00:09:15", "end": "00:09:19", "text": "is this just a signal, you know, to tell"}, {"start": "00:09:18", "end": "00:09:21", "text": "people that they can because it's not"}, {"start": "00:09:19", "end": "00:09:23", "text": "like they you know, what is what was the"}, {"start": "00:09:21", "end": "00:09:24", "text": "purpose of this? I guess what's the why"}, {"start": "00:09:23", "end": "00:09:27", "text": "behind it?"}, {"start": "00:09:24", "end": "00:09:29", "text": ">> You think a bag if you control that"}, {"start": "00:09:27", "end": "00:09:33", "text": "much, you know, you'd pro if you have"}, {"start": "00:09:29", "end": "00:09:36", "text": "770 some odd,000 Bitcoin, 32 is like"}, {"start": "00:09:33", "end": "00:09:38", "text": "dust in that comparison. 32 Bitcoin out"}, {"start": "00:09:36", "end": "00:09:42", "text": "of that whole stack. So, kind of odd"}, {"start": "00:09:38", "end": "00:09:44", "text": "that uh you know the dividend payment is"}, {"start": "00:09:42", "end": "00:09:45", "text": "one part. Have you seen the dividend"}, {"start": "00:09:44", "end": "00:09:46", "text": "graph that D has been covering? I don't"}, {"start": "00:09:45", "end": "00:09:48", "text": "have it up on this."}, {"start": "00:09:46", "end": "00:09:49", "text": ">> Well, yeah. You know, they have it on"}, {"start": "00:09:48", "end": "00:09:51", "text": "their homepage or their website. You"}, {"start": "00:09:49", "end": "00:09:52", "text": "know, they went from 18 months to 6"}, {"start": "00:09:51", "end": "00:09:54", "text": "months. And I think, yeah, to me, this"}, {"start": "00:09:52", "end": "00:09:56", "text": "is signaling that they can use things to"}, {"start": "00:09:54", "end": "00:09:57", "text": "cover this."}, {"start": "00:09:56", "end": "00:09:59", "text": ">> It's just going to be interesting to see"}, {"start": "00:09:57", "end": "00:10:00", "text": "how the market responds because many,"}, {"start": "00:09:59", "end": "00:10:02", "text": "like I said, many people have been"}, {"start": "00:10:00", "end": "00:10:04", "text": "saying this is what he should have done"}, {"start": "00:10:02", "end": "00:10:06", "text": "a long time ago. So, that camp is"}, {"start": "00:10:04", "end": "00:10:08", "text": "probably happy. Then there's the other"}, {"start": "00:10:06", "end": "00:10:09", "text": "camp that's, you know, kind of the more"}, {"start": "00:10:08", "end": "00:10:11", "text": "zealous, I guess you could say. That"}, {"start": "00:10:09", "end": "00:10:13", "text": "would be like, \"We thought you were"}, {"start": "00:10:11", "end": "00:10:15", "text": "never going to sell. Never sell big.\""}, {"start": "00:10:13", "end": "00:10:16", "text": "You know, so it's just and he's kind of"}, {"start": "00:10:15", "end": "00:10:17", "text": "painted himself into that corner a"}, {"start": "00:10:16", "end": "00:10:20", "text": "little bit. Um,"}, {"start": "00:10:17", "end": "00:10:22", "text": ">> the idea of never never selling like,"}, {"start": "00:10:20", "end": "00:10:26", "text": "you know, for me, I like that for my"}, {"start": "00:10:22", "end": "00:10:28", "text": "Bitcoin, but I catch a lot of [�__�] when"}, {"start": "00:10:26", "end": "00:10:30", "text": "I sell altcoins. People get real mad"}, {"start": "00:10:28", "end": "00:10:31", "text": "when I sell altcoins, you know."}, {"start": "00:10:30", "end": "00:10:33", "text": ">> Well, chat, I'm curious to hear from the"}, {"start": "00:10:31", "end": "00:10:36", "text": "chat. I know there's some people in here"}, {"start": "00:10:33", "end": "00:10:38", "text": "that are MSTR holders and maybe STRC"}, {"start": "00:10:36", "end": "00:10:40", "text": "holders, but what do you guys think?"}, {"start": "00:10:38", "end": "00:10:42", "text": "Micro Strategy, Michael Sailor or"}, {"start": "00:10:40", "end": "00:10:46", "text": "Strategy selling a little bit of Bitcoin"}, {"start": "00:10:42", "end": "00:10:49", "text": "to cover a payment. Is this bullish? Is"}, {"start": "00:10:46", "end": "00:10:50", "text": "this bearish? Is do you think this is a"}, {"start": "00:10:49", "end": "00:10:52", "text": "big part of why the market's pulling"}, {"start": "00:10:50", "end": "00:10:55", "text": "back right now? We've also got, you"}, {"start": "00:10:52", "end": "00:10:57", "text": "know, some large outflows from ETFs. you"}, {"start": "00:10:55", "end": "00:10:58", "text": "know, basically a most likely, and we're"}, {"start": "00:10:57", "end": "00:11:01", "text": "going to cover this story, most likely a"}, {"start": "00:10:58", "end": "00:11:02", "text": "large trader resolving a position, which"}, {"start": "00:11:01", "end": "00:11:05", "text": "is what I kind of alluded to with the"}, {"start": "00:11:02", "end": "00:11:07", "text": "debt last week. I felt like"}, {"start": "00:11:05", "end": "00:11:10", "text": ">> if somebody's willing to take a 13%"}, {"start": "00:11:07", "end": "00:11:11", "text": "haircut on$ 1.5 billion just to have it"}, {"start": "00:11:10", "end": "00:11:13", "text": "now,"}, {"start": "00:11:11", "end": "00:11:14", "text": ">> there's a reason and it's systemic and"}, {"start": "00:11:13", "end": "00:11:16", "text": "this is, you know,"}, {"start": "00:11:14", "end": "00:11:19", "text": ">> dude, people are g I mean, you know,"}, {"start": "00:11:16", "end": "00:11:21", "text": "billionaires, millionaires, thousands,"}, {"start": "00:11:19", "end": "00:11:23", "text": "they're all we're all gambling. The"}, {"start": "00:11:21", "end": "00:11:25", "text": "Trump said the world is a casino. like"}, {"start": "00:11:23", "end": "00:11:27", "text": "our president said the world is a"}, {"start": "00:11:25", "end": "00:11:30", "text": "casino. So, there's some uh big bets out"}, {"start": "00:11:27", "end": "00:11:33", "text": "there. Now, I do want to cover that uh"}, {"start": "00:11:30", "end": "00:11:37", "text": "selloff here. So, this is the story. Uh"}, {"start": "00:11:33", "end": "00:11:40", "text": "NY Dig suggests the 1.3 billion IBIT"}, {"start": "00:11:37", "end": "00:11:43", "text": "sale was a whale exiting a directional"}, {"start": "00:11:40", "end": "00:11:45", "text": "trade. Now, this happened last week and"}, {"start": "00:11:43", "end": "00:11:48", "text": "we I did see there was like a $1.3"}, {"start": "00:11:45", "end": "00:11:50", "text": "billion sale going on the same time that"}, {"start": "00:11:48", "end": "00:11:52", "text": "the there's a lot of back and forth if"}, {"start": "00:11:50", "end": "00:11:55", "text": "strategy was unwinding or, you know, a"}, {"start": "00:11:52", "end": "00:11:58", "text": "lot of fear. But it does look that this"}, {"start": "00:11:55", "end": "00:12:01", "text": "person, it's an unknown whale that sold"}, {"start": "00:11:58", "end": "00:12:04", "text": "29.2 million shares of Black Rocks IBIT"}, {"start": "00:12:01", "end": "00:12:05", "text": "ETF on a darkpool. So, they went to the"}, {"start": "00:12:04", "end": "00:12:08", "text": "darkpool to sell it, which makes it kind"}, {"start": "00:12:05", "end": "00:12:13", "text": "of a mysterious uh story, but they"}, {"start": "00:12:08", "end": "00:12:16", "text": "accepted a $11 per share that basically"}, {"start": "00:12:13", "end": "00:12:20", "text": "foregoes 29.5 million. Like they took a"}, {"start": "00:12:16", "end": "00:12:22", "text": "25 $29.5 million haircut to get out of"}, {"start": "00:12:20", "end": "00:12:24", "text": "whatever trade that they were in."}, {"start": "00:12:22", "end": "00:12:26", "text": ">> Uh maybe longing or something. Maybe"}, {"start": "00:12:24", "end": "00:12:28", "text": "they were like expecting Bitcoin to"}, {"start": "00:12:26", "end": "00:12:29", "text": "continue going up or betting against"}, {"start": "00:12:28", "end": "00:12:31", "text": "Wall Street going down."}, {"start": "00:12:29", "end": "00:12:33", "text": ">> Yeah. Well, a lot of times again these"}, {"start": "00:12:31", "end": "00:12:35", "text": "are more these are institutions, hedge"}, {"start": "00:12:33", "end": "00:12:37", "text": "funds, you know, so they might like for"}, {"start": "00:12:35", "end": "00:12:40", "text": "example, one thing that happened a lot"}, {"start": "00:12:37", "end": "00:12:43", "text": "during this big runup is people would"}, {"start": "00:12:40", "end": "00:12:45", "text": ">> buy the IBIT, they would go long"}, {"start": "00:12:43", "end": "00:12:47", "text": "Bitcoin, so they'd have exposure to"}, {"start": "00:12:45", "end": "00:12:49", "text": "Bitcoin and then they'd short strategy"}, {"start": "00:12:47", "end": "00:12:51", "text": "because strategy was a proxy and that"}, {"start": "00:12:49", "end": "00:12:53", "text": "would kind of hedge since strategy moved"}, {"start": "00:12:51", "end": "00:12:56", "text": "faster. If if they were wrong on their"}, {"start": "00:12:53", "end": "00:12:57", "text": "Bitcoin position, strategy going down,"}, {"start": "00:12:56", "end": "00:12:59", "text": "they would make that up."}, {"start": "00:12:57", "end": "00:13:01", "text": "This is likely something like that where"}, {"start": "00:12:59", "end": "00:13:02", "text": "it's part of it was part of a hedge, it"}, {"start": "00:13:01", "end": "00:13:05", "text": "was part of a cover, it was part of some"}, {"start": "00:13:02", "end": "00:13:09", "text": "other trade that's now being unwound."}, {"start": "00:13:05", "end": "00:13:11", "text": ">> Um, not necessarily signaling belief or"}, {"start": "00:13:09", "end": "00:13:13", "text": "disbelief in Bitcoin. And that's I think"}, {"start": "00:13:11", "end": "00:13:13", "text": "something Bitcoiners forget about a lot"}, {"start": "00:13:13", "end": "00:13:14", "text": "of times."}, {"start": "00:13:13", "end": "00:13:16", "text": ">> Yeah,"}, {"start": "00:13:14", "end": "00:13:17", "text": ">> we we get stuck in our own box, right?"}, {"start": "00:13:16", "end": "00:13:19", "text": ">> Well, we get stuck Yeah. stuck in our"}, {"start": "00:13:17", "end": "00:13:21", "text": "own world. stuck in our own, you know,"}, {"start": "00:13:19", "end": "00:13:24", "text": "kind of ideology when we and you forget"}, {"start": "00:13:21", "end": "00:13:26", "text": "the greater finance world is just"}, {"start": "00:13:24", "end": "00:13:28", "text": "traditional traders and they don't have"}, {"start": "00:13:26", "end": "00:13:30", "text": "any allegiance to any asset. They don't"}, {"start": "00:13:28", "end": "00:13:31", "text": "marry any commodity. They say, \"Hey,"}, {"start": "00:13:30", "end": "00:13:32", "text": "this is good for this season. We're"}, {"start": "00:13:31", "end": "00:13:34", "text": "going to position it this way. We're"}, {"start": "00:13:32", "end": "00:13:35", "text": "going to hedge it that way and then when"}, {"start": "00:13:34", "end": "00:13:36", "text": "we're done, we're going to unwind it"}, {"start": "00:13:35", "end": "00:13:37", "text": "all.\" Right? And that's probably what"}, {"start": "00:13:36", "end": "00:13:40", "text": "this is."}, {"start": "00:13:37", "end": "00:13:42", "text": ">> It really uh it's a it's a battle on the"}, {"start": "00:13:40", "end": "00:13:44", "text": "emotion of the the old school crypto"}, {"start": "00:13:42", "end": "00:13:46", "text": "trader, too, right? Like we we wanted"}, {"start": "00:13:44", "end": "00:13:48", "text": "the institutions and now they're leaving"}, {"start": "00:13:46", "end": "00:13:51", "text": "me at the worst time. It's I've seen"}, {"start": "00:13:48", "end": "00:13:53", "text": "that all over X. You know, honestly, you"}, {"start": "00:13:51", "end": "00:13:57", "text": "know, I This is the data. Here's the"}, {"start": "00:13:53", "end": "00:14:00", "text": "data. So, we have ETFs here and the"}, {"start": "00:13:57", "end": "00:14:04", "text": "total net flows are down to 125 million"}, {"start": "00:14:00", "end": "00:14:05", "text": "as of the May 29th time frame. Um, just"}, {"start": "00:14:04", "end": "00:14:07", "text": "looking at it though, it's been pretty"}, {"start": "00:14:05", "end": "00:14:08", "text": "brutal on outflows for Bitcoin ETFs. You"}, {"start": "00:14:07", "end": "00:14:08", "text": "see these?"}, {"start": "00:14:08", "end": "00:14:12", "text": ">> Mhm."}, {"start": "00:14:08", "end": "00:14:15", "text": ">> So, 125 mil on the 29th, but the day"}, {"start": "00:14:12", "end": "00:14:18", "text": "before that, the 28th was 200 uh some"}, {"start": "00:14:15", "end": "00:14:22", "text": "odd million. And then this May 27th was"}, {"start": "00:14:18", "end": "00:14:24", "text": "$733 million in outflows on the ETF. So"}, {"start": "00:14:22", "end": "00:14:26", "text": "when you're looking at it from like a"}, {"start": "00:14:24", "end": "00:14:28", "text": "weekly time frame, this chart right"}, {"start": "00:14:26", "end": "00:14:31", "text": "here, I'll make it kind of bigger."}, {"start": "00:14:28", "end": "00:14:34", "text": "The sell-off wave is pretty thick on"}, {"start": "00:14:31", "end": "00:14:36", "text": "this ETF movement. And just given the"}, {"start": "00:14:34", "end": "00:14:38", "text": "context of what's going on, like the"}, {"start": "00:14:36", "end": "00:14:40", "text": "world has gotten so crazy. I was joking"}, {"start": "00:14:38", "end": "00:14:42", "text": "with my uh you know, one of my loved"}, {"start": "00:14:40", "end": "00:14:44", "text": "ones. It's a big Bitcoin holder and"}, {"start": "00:14:42", "end": "00:14:46", "text": "we're like we should have known to just"}, {"start": "00:14:44", "end": "00:14:48", "text": "bullport into the South Korean stock"}, {"start": "00:14:46", "end": "00:14:49", "text": "exchange the moment that they ran out of"}, {"start": "00:14:48", "end": "00:14:50", "text": "oil because that's bullish on their"}, {"start": "00:14:49", "end": "00:14:52", "text": "economy, right?"}, {"start": "00:14:50", "end": "00:14:54", "text": ">> Absolutely. Like why did we not That was"}, {"start": "00:14:52", "end": "00:14:56", "text": "the obvious trade. Why were we not all"}, {"start": "00:14:54", "end": "00:14:57", "text": "long on South Korea exchanges?"}, {"start": "00:14:56", "end": "00:14:58", "text": ">> You kind of laugh about it sometimes"}, {"start": "00:14:57", "end": "00:15:00", "text": "like the would a could of shoulders."}, {"start": "00:14:58", "end": "00:15:01", "text": "Like I should have known that a bunch of"}, {"start": "00:15:00", "end": "00:15:03", "text": "dark money was going to flow into the"}, {"start": "00:15:01", "end": "00:15:05", "text": "South Korean stock exchange and"}, {"start": "00:15:03", "end": "00:15:06", "text": "completely destroy all the shorts and"}, {"start": "00:15:05", "end": "00:15:08", "text": "that's probably what happened. everyone"}, {"start": "00:15:06", "end": "00:15:09", "text": "layering into shorts expecting all hell"}, {"start": "00:15:08", "end": "00:15:10", "text": "to break loose on the stock and then"}, {"start": "00:15:09", "end": "00:15:12", "text": "they just ate all their money."}, {"start": "00:15:10", "end": "00:15:14", "text": ">> Short squeeze them. Yeah. Interact. And"}, {"start": "00:15:12", "end": "00:15:16", "text": "it's the it's the traditional I don't"}, {"start": "00:15:14", "end": "00:15:18", "text": "know the meme of like the the"}, {"start": "00:15:16", "end": "00:15:19", "text": "intelligent investor going in the trash"}, {"start": "00:15:18", "end": "00:15:21", "text": "can or whatever. It's just like you read"}, {"start": "00:15:19", "end": "00:15:23", "text": "the the whole book and it's like well"}, {"start": "00:15:21", "end": "00:15:25", "text": "throw it out the window and this"}, {"start": "00:15:23", "end": "00:15:27", "text": ">> Pokemon cards coin is pumping or the"}, {"start": "00:15:25", "end": "00:15:28", "text": "South Korean stock exchange is going or"}, {"start": "00:15:27", "end": "00:15:30", "text": "you know"}, {"start": "00:15:28", "end": "00:15:33", "text": ">> and I didn't cover the Pokemon thing to"}, {"start": "00:15:30", "end": "00:15:36", "text": "say that I suggest buying right now. I'm"}, {"start": "00:15:33", "end": "00:15:37", "text": "just saying it's tokenizing Pokemon"}, {"start": "00:15:36", "end": "00:15:38", "text": "cards and it's actually doing something"}, {"start": "00:15:37", "end": "00:15:39", "text": "that people like."}, {"start": "00:15:38", "end": "00:15:40", "text": ">> Well, right."}, {"start": "00:15:39", "end": "00:15:42", "text": ">> And it actually now that we're talking"}, {"start": "00:15:40", "end": "00:15:44", "text": "about it, we never did actually go down"}, {"start": "00:15:42", "end": "00:15:44", "text": "the prices, the top movers, the you"}, {"start": "00:15:44", "end": "00:15:45", "text": "know."}, {"start": "00:15:44", "end": "00:15:47", "text": ">> Oh, yeah. Let's do it. Let's do it"}, {"start": "00:15:45", "end": "00:15:49", "text": "because there might be some deals here"}, {"start": "00:15:47", "end": "00:15:50", "text": "on stuff that I like, you know? I mean,"}, {"start": "00:15:49", "end": "00:15:53", "text": "these are the"}, {"start": "00:15:50", "end": "00:15:58", "text": ">> Bitcoin's on the outflow down 2.9%. ETH"}, {"start": "00:15:53", "end": "00:16:00", "text": "uh below $2,000. ETH cannot Is the new"}, {"start": "00:15:58", "end": "00:16:03", "text": "glass ceiling for Ethereum? Like for the"}, {"start": "00:16:00", "end": "00:16:04", "text": "time being, it kind of feels that way."}, {"start": "00:16:03", "end": "00:16:07", "text": ">> Ethereum's depressing."}, {"start": "00:16:04", "end": "00:16:11", "text": ">> It's depressing. It's depressing. Uh B&B"}, {"start": "00:16:07", "end": "00:16:13", "text": "holding rock solid above the uh $600"}, {"start": "00:16:11", "end": "00:16:16", "text": "mark. It's at 678 right now, even with a"}, {"start": "00:16:13", "end": "00:16:18", "text": "5% pullback. XRP is getting dangerously"}, {"start": "00:16:16", "end": "00:16:20", "text": "close to a dollar, though. You know"}, {"start": "00:16:18", "end": "00:16:23", "text": "what? That chat is going to be super"}, {"start": "00:16:20", "end": "00:16:25", "text": "happy on one side and then completely"}, {"start": "00:16:23", "end": "00:16:26", "text": "depressed on the other side. If we go"}, {"start": "00:16:25", "end": "00:16:27", "text": "below a dollar on XRP,"}, {"start": "00:16:26", "end": "00:16:29", "text": ">> Mhm."}, {"start": "00:16:27", "end": "00:16:32", "text": ">> this is a uh retail fave here. And"}, {"start": "00:16:29", "end": "00:16:35", "text": "really like the major defense points"}, {"start": "00:16:32", "end": "00:16:36", "text": "that XRP truly does hold. If if I'm just"}, {"start": "00:16:35", "end": "00:16:39", "text": "shooting from the hip, if we have to"}, {"start": "00:16:36", "end": "00:16:41", "text": "grind through another half year year of"}, {"start": "00:16:39", "end": "00:16:45", "text": "a bare market, you're likely to see if"}, {"start": "00:16:41", "end": "00:16:46", "text": "75 cents holds up on XRP and that'll"}, {"start": "00:16:45", "end": "00:16:48", "text": "really test the people that hold this"}, {"start": "00:16:46", "end": "00:16:50", "text": "coin, you know. And I know I think"}, {"start": "00:16:48", "end": "00:16:52", "text": "there's like a guy in our chat, Vision,"}, {"start": "00:16:50", "end": "00:16:54", "text": "he's in like a massive short on XRP."}, {"start": "00:16:52", "end": "00:16:55", "text": ">> Vision Pulse. Yeah, I think"}, {"start": "00:16:54", "end": "00:16:56", "text": ">> he's in your chat right now."}, {"start": "00:16:55", "end": "00:16:59", "text": ">> Oh, is he?"}, {"start": "00:16:56", "end": "00:17:03", "text": ">> Yeah. So, he's gonna win big if XRP"}, {"start": "00:16:59", "end": "00:17:06", "text": "cannot break up and out of this. Um, you"}, {"start": "00:17:03", "end": "00:17:11", "text": "know, but I do think that XRP is not"}, {"start": "00:17:06", "end": "00:17:14", "text": "likely to go to zero. And I think 75"}, {"start": "00:17:11", "end": "00:17:17", "text": "cents will be the spot where even with"}, {"start": "00:17:14", "end": "00:17:20", "text": "my disdain for the token, I could still"}, {"start": "00:17:17", "end": "00:17:23", "text": "go after a 70 cent XRP and look for, you"}, {"start": "00:17:20", "end": "00:17:25", "text": "know, like a a reasonable 3x out of the"}, {"start": "00:17:23", "end": "00:17:27", "text": "token in the over the next few years."}, {"start": "00:17:25", "end": "00:17:29", "text": "I'm not going to do it, but just from an"}, {"start": "00:17:27", "end": "00:17:31", "text": "analyst perspective, it's got a setup of"}, {"start": "00:17:29", "end": "00:17:33", "text": "higher lows. You got a much thicker wall"}, {"start": "00:17:31", "end": "00:17:34", "text": "of volume. Didn't have this short-lived"}, {"start": "00:17:33", "end": "00:17:36", "text": "little blowoff top. You had a dual"}, {"start": "00:17:34", "end": "00:17:39", "text": "blowoff top with a higher high on the"}, {"start": "00:17:36", "end": "00:17:41", "text": "secondary one. It's not looking"}, {"start": "00:17:39", "end": "00:17:42", "text": "terrible. It's not looking terrible in"}, {"start": "00:17:41", "end": "00:17:44", "text": "terms of prices, but let's go back to"}, {"start": "00:17:42", "end": "00:17:47", "text": "the other uh losers here. I kind of want"}, {"start": "00:17:44", "end": "00:17:50", "text": "to see go through the bigs. Salana below"}, {"start": "00:17:47", "end": "00:17:53", "text": "70 bucks is going to happen. Salana"}, {"start": "00:17:50", "end": "00:17:55", "text": "below $70 is going to happen. I really"}, {"start": "00:17:53", "end": "00:17:59", "text": "feel very strongly."}, {"start": "00:17:55", "end": "00:18:02", "text": "Um well, I mean I do. I'm so I do. It's"}, {"start": "00:17:59", "end": "00:18:04", "text": "it's not time for alt fun. And this is"}, {"start": "00:18:02", "end": "00:18:06", "text": "looking like the buoyancy is lost and"}, {"start": "00:18:04", "end": "00:18:08", "text": "you're going to have a lot of interest"}, {"start": "00:18:06", "end": "00:18:10", "text": "at this original pump 2 moment. You"}, {"start": "00:18:08", "end": "00:18:15", "text": "know, between like 60 to 70 cents."}, {"start": "00:18:10", "end": "00:18:17", "text": ">> Um, you know, so Salana, I I do think"}, {"start": "00:18:15", "end": "00:18:20", "text": "also in that same regard that it's very"}, {"start": "00:18:17", "end": "00:18:21", "text": "capable of hitting new all-time highs in"}, {"start": "00:18:20", "end": "00:18:23", "text": "the next bull market runup."}, {"start": "00:18:21", "end": "00:18:25", "text": ">> Yeah, I mean I agree. I mean, I'm not"}, {"start": "00:18:23", "end": "00:18:27", "text": "not say anything's possible for alts"}, {"start": "00:18:25", "end": "00:18:28", "text": "getting beat up where Bitcoin moves a"}, {"start": "00:18:27", "end": "00:18:31", "text": "little bit and goes back down. And I"}, {"start": "00:18:28", "end": "00:18:33", "text": "just I think a lot of these charts are"}, {"start": "00:18:31", "end": "00:18:35", "text": "near bottom. Like look at even just"}, {"start": "00:18:33", "end": "00:18:39", "text": "looking just anecdotally at that red"}, {"start": "00:18:35", "end": "00:18:40", "text": "line like very clearly tapping many high"}, {"start": "00:18:39", "end": "00:18:43", "text": "volume areas"}, {"start": "00:18:40", "end": "00:18:45", "text": ">> right here and there and then obviously"}, {"start": "00:18:43", "end": "00:18:47", "text": "that's where close to where we've been"}, {"start": "00:18:45", "end": "00:18:50", "text": "bouncing lately other than when Bitcoin"}, {"start": "00:18:47", "end": "00:18:51", "text": "went to 60K obviously Salana went a"}, {"start": "00:18:50", "end": "00:18:53", "text": "little bit lower but"}, {"start": "00:18:51", "end": "00:18:55", "text": ">> and and I feel like this is you you know"}, {"start": "00:18:53", "end": "00:18:58", "text": "now obviously this is not high level TA"}, {"start": "00:18:55", "end": "00:18:59", "text": "here. This is just very basic and this"}, {"start": "00:18:58", "end": "00:19:00", "text": "is how I like to do like look at the"}, {"start": "00:18:59", "end": "00:19:02", "text": "whole chart and just see like all right"}, {"start": "00:19:00", "end": "00:19:03", "text": "I can clearly see that's a that's an"}, {"start": "00:19:02", "end": "00:19:04", "text": "area of support."}, {"start": "00:19:03", "end": "00:19:06", "text": ">> Yeah."}, {"start": "00:19:04", "end": "00:19:08", "text": ">> And and you're right it might go below"}, {"start": "00:19:06", "end": "00:19:10", "text": "70 but that doesn't mean I you know I'm"}, {"start": "00:19:08", "end": "00:19:12", "text": "not accum you shouldn't be accumulating"}, {"start": "00:19:10", "end": "00:19:14", "text": "at 75. It's not a huge difference in"}, {"start": "00:19:12", "end": "00:19:17", "text": "returns basis. Like if you wait for it,"}, {"start": "00:19:14", "end": "00:19:18", "text": "if it does go into the 60s and then buy"}, {"start": "00:19:17", "end": "00:19:20", "text": "there and then just get a slightly"}, {"start": "00:19:18", "end": "00:19:21", "text": "higher high, you're still getting near a"}, {"start": "00:19:20", "end": "00:19:23", "text": "4x,"}, {"start": "00:19:21", "end": "00:19:25", "text": ">> right? And if this is proven to be the"}, {"start": "00:19:23", "end": "00:19:27", "text": "bottom like where it's at right now and"}, {"start": "00:19:25", "end": "00:19:29", "text": "run slightly above it, you're getting a"}, {"start": "00:19:27", "end": "00:19:33", "text": "3x. So you're still getting good gains"}, {"start": "00:19:29", "end": "00:19:35", "text": "out of it's not a huge difference and I"}, {"start": "00:19:33", "end": "00:19:37", "text": "think it's going to be around. So, you"}, {"start": "00:19:35", "end": "00:19:38", "text": "know, this is actually what makes me"}, {"start": "00:19:37", "end": "00:19:40", "text": "happy about bare markets that last a"}, {"start": "00:19:38", "end": "00:19:43", "text": "long time is you get lots of time to"}, {"start": "00:19:40", "end": "00:19:43", "text": "make fiat money and put it in."}, {"start": "00:19:43", "end": "00:19:44", "text": ">> That's right."}, {"start": "00:19:43", "end": "00:19:46", "text": ">> And then everyone complains that you're"}, {"start": "00:19:44", "end": "00:19:47", "text": "lucky years later. It's"}, {"start": "00:19:46", "end": "00:19:49", "text": ">> that's the name of"}, {"start": "00:19:47", "end": "00:19:51", "text": ">> it takes a decade to go cycle over cycle"}, {"start": "00:19:49", "end": "00:19:53", "text": "and they still call you lucky and and"}, {"start": "00:19:51", "end": "00:19:55", "text": "some [�__�] idiot, you know. But I"}, {"start": "00:19:53", "end": "00:19:58", "text": "like Salana. I like Salana and I'm"}, {"start": "00:19:55", "end": "00:19:59", "text": "liking the uh cheap prices on it. Now,"}, {"start": "00:19:58", "end": "00:20:01", "text": "Stellar,"}, {"start": "00:19:59", "end": "00:20:03", "text": ">> well, you can't just skip over Hyperlid."}, {"start": "00:20:01", "end": "00:20:05", "text": ">> Oh god, it's almost 80 bucks."}, {"start": "00:20:03", "end": "00:20:06", "text": ">> Yeah. Oh my god. I didn't even see that."}, {"start": "00:20:05", "end": "00:20:07", "text": "Did it hit $80?"}, {"start": "00:20:06", "end": "00:20:10", "text": ">> Look at that."}, {"start": "00:20:07", "end": "00:20:11", "text": ">> 75 just about. Holy cow."}, {"start": "00:20:10", "end": "00:20:12", "text": ">> The DGens are trading hard."}, {"start": "00:20:11", "end": "00:20:13", "text": ">> Yeah."}, {"start": "00:20:12", "end": "00:20:16", "text": ">> This tells you revenue is flowing."}, {"start": "00:20:13", "end": "00:20:17", "text": ">> Asian exchange coins, you know, hype."}, {"start": "00:20:16", "end": "00:20:18", "text": "B&B."}, {"start": "00:20:17", "end": "00:20:19", "text": ">> Tron."}, {"start": "00:20:18", "end": "00:20:20", "text": ">> You can't forget Tron."}, {"start": "00:20:19", "end": "00:20:22", "text": ">> Yeah, Tron."}, {"start": "00:20:20", "end": "00:20:23", "text": ">> Tron's very strong."}, {"start": "00:20:22", "end": "00:20:25", "text": ">> We did. The West needs to get on board"}, {"start": "00:20:23", "end": "00:20:26", "text": "with the East. Come on. That's right."}, {"start": "00:20:25", "end": "00:20:28", "text": "We're losing this battle."}, {"start": "00:20:26", "end": "00:20:30", "text": ">> Yeah, dude. Look, but"}, {"start": "00:20:28", "end": "00:20:33", "text": ">> I mean, I have to reanalyze like really"}, {"start": "00:20:30", "end": "00:20:35", "text": "its defense points. It's probably cuz I"}, {"start": "00:20:33", "end": "00:20:38", "text": "was looking when it was stuck in this uh"}, {"start": "00:20:35", "end": "00:20:41", "text": "kind of runup spot. 30 or 40 bucks"}, {"start": "00:20:38", "end": "00:20:42", "text": "looked reasonable. It might have to be"}, {"start": "00:20:41", "end": "00:20:43", "text": "40 bucks."}, {"start": "00:20:42", "end": "00:20:47", "text": ">> Yeah, I was going to say I love hype. I"}, {"start": "00:20:43", "end": "00:20:48", "text": "think it's an incredible project."}, {"start": "00:20:47", "end": "00:20:50", "text": "I'm not FOMOing into the top of this"}, {"start": "00:20:48", "end": "00:20:51", "text": "chart. I'm not saying I still think it"}, {"start": "00:20:50", "end": "00:20:54", "text": "could go higher. No,"}, {"start": "00:20:51", "end": "00:20:55", "text": ">> that chart that is a that is not a"}, {"start": "00:20:54", "end": "00:20:58", "text": "that's a time to sell, not a time to"}, {"start": "00:20:55", "end": "00:21:00", "text": "buy. That's like the boomer at the uh"}, {"start": "00:20:58", "end": "00:21:02", "text": "gym coming up to me asking me to full"}, {"start": "00:21:00", "end": "00:21:04", "text": "port into the S&P 500 right now, right?"}, {"start": "00:21:02", "end": "00:21:06", "text": ">> People are coming up to me and asking"}, {"start": "00:21:04", "end": "00:21:09", "text": "me, hey, you know, should I put the rest"}, {"start": "00:21:06", "end": "00:21:10", "text": "of my life savings into this graph right"}, {"start": "00:21:09", "end": "00:21:12", "text": "now?"}, {"start": "00:21:10", "end": "00:21:14", "text": ">> You know, it's like, and we're going to"}, {"start": "00:21:12", "end": "00:21:16", "text": "This is the volatility spasm section of"}, {"start": "00:21:14", "end": "00:21:18", "text": "the show right here that we're going to"}, {"start": "00:21:16", "end": "00:21:21", "text": "cover. But buying green candles like"}, {"start": "00:21:18", "end": "00:21:22", "text": "this is how you get hurt, right? Uh what"}, {"start": "00:21:21", "end": "00:21:24", "text": "do we got here? Are we live? We should"}, {"start": "00:21:22", "end": "00:21:26", "text": "do some live trade. I should do another"}, {"start": "00:21:24", "end": "00:21:27", "text": "setup. I'm ready to go again."}, {"start": "00:21:26", "end": "00:21:28", "text": ">> Refresh."}, {"start": "00:21:27", "end": "00:21:30", "text": ">> Yeah, I'm feeling ready to go. I I still"}, {"start": "00:21:28", "end": "00:21:32", "text": "got to work more on that AI"}, {"start": "00:21:30", "end": "00:21:34", "text": "supercomputer thing you're building and"}, {"start": "00:21:32", "end": "00:21:35", "text": "stuff like that. It's honestly, you"}, {"start": "00:21:34", "end": "00:21:37", "text": "know, I want it"}, {"start": "00:21:35", "end": "00:21:40", "text": ">> I want it to work so badly. I'm kind of"}, {"start": "00:21:37", "end": "00:21:42", "text": "starting to get I feel the obsession of"}, {"start": "00:21:40", "end": "00:21:43", "text": "what you have been doing kind of"}, {"start": "00:21:42", "end": "00:21:43", "text": "bleeding over to me."}, {"start": "00:21:43", "end": "00:21:44", "text": ">> Fun stuff,"}, {"start": "00:21:43", "end": "00:21:45", "text": ">> you know."}, {"start": "00:21:44", "end": "00:21:47", "text": ">> Fun stuff."}, {"start": "00:21:45", "end": "00:21:48", "text": ">> Yeah. So, now let's keep let's keep"}, {"start": "00:21:47", "end": "00:21:51", "text": "rolling through. I can't get over this"}, {"start": "00:21:48", "end": "00:21:53", "text": "picture. All right. Well, where's the"}, {"start": "00:21:51", "end": "00:21:55", "text": "where's the the other good one that I'm"}, {"start": "00:21:53", "end": "00:21:56", "text": "sure people are pulling up is he the one"}, {"start": "00:21:55", "end": "00:21:57", "text": "he posted"}, {"start": "00:21:56", "end": "00:21:58", "text": ">> with the boat"}, {"start": "00:21:57", "end": "00:22:00", "text": ">> with the Titanic singing behind him and"}, {"start": "00:21:58", "end": "00:22:01", "text": "he's off on the lifeboat."}, {"start": "00:22:00", "end": "00:22:02", "text": ">> Let's I I bet you it's in this thread"}, {"start": "00:22:01", "end": "00:22:03", "text": "here. Hold on."}, {"start": "00:22:02", "end": "00:22:05", "text": ">> Yeah."}, {"start": "00:22:03", "end": "00:22:07", "text": ">> Let's see. I I want to find this. It's"}, {"start": "00:22:05", "end": "00:22:08", "text": "probably in this thread."}, {"start": "00:22:07", "end": "00:22:12", "text": ">> They're just memeing the hell out of"}, {"start": "00:22:08", "end": "00:22:13", "text": "him. Oh god, this is so sad."}, {"start": "00:22:12", "end": "00:22:16", "text": "I want to find that because I made a"}, {"start": "00:22:13", "end": "00:22:16", "text": "video about that. Remember that AI video"}, {"start": "00:22:16", "end": "00:22:18", "text": "that I made?"}, {"start": "00:22:16", "end": "00:22:20", "text": ">> Yeah, the song. It was great."}, {"start": "00:22:18", "end": "00:22:21", "text": ">> Ah, got to get back to that. forgot"}, {"start": "00:22:20", "end": "00:22:22", "text": "about all that. But"}, {"start": "00:22:21", "end": "00:22:23", "text": ">> yeah, I got to get with Johnny from"}, {"start": "00:22:22", "end": "00:22:25", "text": "Suede and see if it's still running. You"}, {"start": "00:22:23", "end": "00:22:27", "text": "know, bare markets can be brutal on"}, {"start": "00:22:25", "end": "00:22:28", "text": "altcoin on on the billers."}, {"start": "00:22:27", "end": "00:22:30", "text": ">> Yeah,"}, {"start": "00:22:28", "end": "00:22:31", "text": ">> builders. I could never say that word."}, {"start": "00:22:30", "end": "00:22:32", "text": ">> Fiddle."}, {"start": "00:22:31", "end": "00:22:35", "text": ">> Fiddle. All right, let's keep moving"}, {"start": "00:22:32", "end": "00:22:38", "text": "through the stories. Binance is uh"}, {"start": "00:22:35", "end": "00:22:39", "text": "moving in 7,000 US stocks and ETFs for"}, {"start": "00:22:38", "end": "00:22:42", "text": "traders outside of the United States."}, {"start": "00:22:39", "end": "00:22:45", "text": "Oo, what could go wrong?"}, {"start": "00:22:42", "end": "00:22:48", "text": "What could go wrong? Uh amid the super"}, {"start": "00:22:45", "end": "00:22:50", "text": "app push. So, world's largest crypto"}, {"start": "00:22:48", "end": "00:22:52", "text": "exchange by volume is offering zero"}, {"start": "00:22:50", "end": "00:22:55", "text": "commission trades with fractional share"}, {"start": "00:22:52", "end": "00:22:59", "text": "purchases starting at $5. Customers can"}, {"start": "00:22:55", "end": "00:23:01", "text": "fund positions in uh circles uh USDC,"}, {"start": "00:22:59", "end": "00:23:03", "text": "Tether, B&B, and a handful of other"}, {"start": "00:23:01", "end": "00:23:05", "text": "digital assets. Burger dealer Nest"}, {"start": "00:23:03", "end": "00:23:07", "text": "Trading will arrange the share purchases"}, {"start": "00:23:05", "end": "00:23:09", "text": "with New York-based Alpaca will handle"}, {"start": "00:23:07", "end": "00:23:13", "text": "custody, dividend payments, and"}, {"start": "00:23:09", "end": "00:23:14", "text": "corporate actions. Uh Tang Dicky Tang"}, {"start": "00:23:13", "end": "00:23:16", "text": "told the outlet the US equities"}, {"start": "00:23:14", "end": "00:23:18", "text": "represented well over half the global"}, {"start": "00:23:16", "end": "00:23:20", "text": "market but remain costly and difficult"}, {"start": "00:23:18", "end": "00:23:22", "text": "to access for investors in many overseas"}, {"start": "00:23:20", "end": "00:23:25", "text": "markets. The exchange will position the"}, {"start": "00:23:22", "end": "00:23:27", "text": "product as a direct answer to that gap."}, {"start": "00:23:25", "end": "00:23:30", "text": "So kind of bringing people from around"}, {"start": "00:23:27", "end": "00:23:32", "text": "the world into US-based ETFs, which it I"}, {"start": "00:23:30", "end": "00:23:32", "text": "mean that's kind of a good thing to do."}, {"start": "00:23:32", "end": "00:23:35", "text": ">> Yeah."}, {"start": "00:23:32", "end": "00:23:36", "text": ">> Right. I mean I I don't know if South"}, {"start": "00:23:35", "end": "00:23:38", "text": "Koreans are going to want in on this"}, {"start": "00:23:36", "end": "00:23:40", "text": "action with the way that their markets"}, {"start": "00:23:38", "end": "00:23:41", "text": "have gone. You know, there's a couple"}, {"start": "00:23:40", "end": "00:23:43", "text": "there's a couple stock markets that are"}, {"start": "00:23:41", "end": "00:23:45", "text": "running the exact opposite direction"}, {"start": "00:23:43", "end": "00:23:47", "text": "that you would think they would doing in"}, {"start": "00:23:45", "end": "00:23:49", "text": "this environment. So, um, what do you"}, {"start": "00:23:47", "end": "00:23:51", "text": "think? Is this good or bad for US ETFs?"}, {"start": "00:23:49", "end": "00:23:54", "text": "Are they going to just short us into the"}, {"start": "00:23:51", "end": "00:23:55", "text": "ground and make that S&P get its 20%"}, {"start": "00:23:54", "end": "00:23:58", "text": "pullback finally? Because you saw what"}, {"start": "00:23:55", "end": "00:23:59", "text": "happened the moment oil came to hyperl,"}, {"start": "00:23:58", "end": "00:24:00", "text": ">> it was like,"}, {"start": "00:23:59", "end": "00:24:02", "text": ">> yeah, let's short this thing."}, {"start": "00:24:00", "end": "00:24:04", "text": ">> Yeah. It was like the animals came out"}, {"start": "00:24:02", "end": "00:24:06", "text": "of the kingdom and it was just chaos."}, {"start": "00:24:04", "end": "00:24:08", "text": ">> No, I And real realistically, I think"}, {"start": "00:24:06", "end": "00:24:10", "text": "this is all good. I'm not saying in the"}, {"start": "00:24:08", "end": "00:24:12", "text": "short term it's going to necessarily be"}, {"start": "00:24:10", "end": "00:24:14", "text": "bullish. You know, oftent times when you"}, {"start": "00:24:12", "end": "00:24:16", "text": "get new futures things of you know new"}, {"start": "00:24:14", "end": "00:24:18", "text": "trading options available, it can lead"}, {"start": "00:24:16", "end": "00:24:20", "text": "to more uh compression in the"}, {"start": "00:24:18", "end": "00:24:22", "text": "volatility. But I think the more we open"}, {"start": "00:24:20", "end": "00:24:24", "text": "up all these markets and kind of get"}, {"start": "00:24:22", "end": "00:24:27", "text": "global trade going at scale in an"}, {"start": "00:24:24", "end": "00:24:28", "text": "efficient way, I think I think it'll be"}, {"start": "00:24:27", "end": "00:24:30", "text": "good to add efficiency to the market and"}, {"start": "00:24:28", "end": "00:24:32", "text": "we'll uh you know that's what I think"}, {"start": "00:24:30", "end": "00:24:34", "text": "we're starting to see is speed running"}, {"start": "00:24:32", "end": "00:24:36", "text": "these cycles and speed obviously becomes"}, {"start": "00:24:34", "end": "00:24:39", "text": "a bigger factor. Dude, it's it's blown"}, {"start": "00:24:36", "end": "00:24:42", "text": "me away. Like the moment truth social"}, {"start": "00:24:39", "end": "00:24:44", "text": "posts come out from Trump, I feel like"}, {"start": "00:24:42", "end": "00:24:45", "text": "there's like an a robot that is reading"}, {"start": "00:24:44", "end": "00:24:47", "text": "Trump's tweets."}, {"start": "00:24:45", "end": "00:24:47", "text": ">> Well, yes, there's thousands of reading"}, {"start": "00:24:47", "end": "00:24:50", "text": "Trump's"}, {"start": "00:24:47", "end": "00:24:52", "text": ">> tweets. The the chart reacts like before"}, {"start": "00:24:50", "end": "00:24:53", "text": "you can even read it as a human, you"}, {"start": "00:24:52", "end": "00:24:54", "text": "know. So, this is going to be"}, {"start": "00:24:53", "end": "00:24:55", "text": "interesting to see."}, {"start": "00:24:54", "end": "00:24:57", "text": ">> That's who you're trading against."}, {"start": "00:24:55", "end": "00:24:59", "text": ">> Yeah, I know. It's every day I'm"}, {"start": "00:24:57", "end": "00:25:01", "text": "fighting against algorithmic robots and"}, {"start": "00:24:59", "end": "00:25:03", "text": "billionaires and"}, {"start": "00:25:01", "end": "00:25:04", "text": ">> exchanges that want you liquidated."}, {"start": "00:25:03", "end": "00:25:05", "text": ">> No, not really. They actually want you"}, {"start": "00:25:04", "end": "00:25:07", "text": "to keep trading."}, {"start": "00:25:05", "end": "00:25:10", "text": ">> Yeah. B&B though, just on the subject"}, {"start": "00:25:07", "end": "00:25:13", "text": "matter of Binance, um B&B has like a"}, {"start": "00:25:10", "end": "00:25:16", "text": "mechanical defense point at 500 bucks."}, {"start": "00:25:13", "end": "00:25:19", "text": "Like if I see B&B anywhere near 500"}, {"start": "00:25:16", "end": "00:25:22", "text": "bucks, I'm buying this thing because"}, {"start": "00:25:19", "end": "00:25:24", "text": "over the past few years, I've seen this."}, {"start": "00:25:22", "end": "00:25:27", "text": "Originally in 21 it was like a pretty"}, {"start": "00:25:24", "end": "00:25:29", "text": "hardcore blowoff top moment but through"}, {"start": "00:25:27", "end": "00:25:33", "text": "the in like remember when we ran to"}, {"start": "00:25:29", "end": "00:25:35", "text": "those highs in March of 24 and I had to"}, {"start": "00:25:33", "end": "00:25:37", "text": "sell a lot of the altcoins I held"}, {"start": "00:25:35", "end": "00:25:39", "text": "because they went so high in value"}, {"start": "00:25:37", "end": "00:25:42", "text": "compared to it even though it happened"}, {"start": "00:25:39", "end": "00:25:45", "text": "soon. There is some sort of mechanical"}, {"start": "00:25:42", "end": "00:25:47", "text": "interest or defense for $500 B&B token."}, {"start": "00:25:45", "end": "00:25:51", "text": "So I feel like 500 bucks is a reasonable"}, {"start": "00:25:47", "end": "00:25:53", "text": "spot 5 to 600 bucks. Um B&B is probably"}, {"start": "00:25:51", "end": "00:25:56", "text": "here to stay even with all the things"}, {"start": "00:25:53", "end": "00:25:59", "text": "that have you we've seen the US DOJ"}, {"start": "00:25:56", "end": "00:26:02", "text": "bring up you know their uh what's the"}, {"start": "00:25:59", "end": "00:26:06", "text": "right word charges or accusations"}, {"start": "00:26:02", "end": "00:26:07", "text": "against indictments you know I think CZ"}, {"start": "00:26:06", "end": "00:26:08", "text": "went to prison and it's still"}, {"start": "00:26:07", "end": "00:26:10", "text": ">> months"}, {"start": "00:26:08", "end": "00:26:14", "text": ">> like this chart is just absolutely"}, {"start": "00:26:10", "end": "00:26:18", "text": "insanely strong so looking at this uh"}, {"start": "00:26:14", "end": "00:26:19", "text": "I'm taking $500 to $600 support for B&B"}, {"start": "00:26:18", "end": "00:26:21", "text": "very very seriously"}, {"start": "00:26:19", "end": "00:26:22", "text": "Um, who knows what they do to the stock"}, {"start": "00:26:21", "end": "00:26:25", "text": "market. I mean, they got a lot of"}, {"start": "00:26:22", "end": "00:26:27", "text": "volatility to work with here. This is"}, {"start": "00:26:25", "end": "00:26:30", "text": "So, we have these stories. Trump says"}, {"start": "00:26:27", "end": "00:26:32", "text": "that Iran will work out well."}, {"start": "00:26:30", "end": "00:26:34", "text": ">> Five things to know about Bitcoin this"}, {"start": "00:26:32", "end": "00:26:35", "text": "week. Uh, they need to just use his real"}, {"start": "00:26:34", "end": "00:26:36", "text": "picture."}, {"start": "00:26:35", "end": "00:26:37", "text": ">> His real picture hits harder than these"}, {"start": "00:26:36", "end": "00:26:39", "text": "AI pictures."}, {"start": "00:26:37", "end": "00:26:43", "text": ">> That's I don't know what that's about."}, {"start": "00:26:39", "end": "00:26:46", "text": ">> Yeah. This is like a Kendall that"}, {"start": "00:26:43", "end": "00:26:48", "text": ">> Yeah, that's a scary That's a scary"}, {"start": "00:26:46", "end": "00:26:50", "text": "thing you see in a bad dream. Yeah, this"}, {"start": "00:26:48", "end": "00:26:53", "text": "is a binge drinking Kendall right here."}, {"start": "00:26:50", "end": "00:26:55", "text": ">> Um, ceasefire hopes hang in the balance"}, {"start": "00:26:53", "end": "00:26:58", "text": "as military strikes return. US President"}, {"start": "00:26:55", "end": "00:27:01", "text": "Trump appears confident it will all work"}, {"start": "00:26:58", "end": "00:27:03", "text": "out in the end. BTC uh price weakness"}, {"start": "00:27:01", "end": "00:27:06", "text": "quickly returns after the May close."}, {"start": "00:27:03", "end": "00:27:07", "text": "yada yada yada. Unemployment or US"}, {"start": "00:27:06", "end": "00:27:11", "text": "employment data could still deliver a"}, {"start": "00:27:07", "end": "00:27:13", "text": "classic BTC price tailwind. Uh long-term"}, {"start": "00:27:11", "end": "00:27:17", "text": "holders are putting February's $60,000"}, {"start": "00:27:13", "end": "00:27:20", "text": "lows in doubt as the reliable floor and"}, {"start": "00:27:17", "end": "00:27:23", "text": "sentiment research calls for a flush o"}, {"start": "00:27:20", "end": "00:27:26", "text": "overly optimistic trader positions next."}, {"start": "00:27:23", "end": "00:27:29", "text": "And looking at the Bitcoin chart, where"}, {"start": "00:27:26", "end": "00:27:33", "text": "is the chart? It's just been getting"}, {"start": "00:27:29", "end": "00:27:38", "text": "hammered, right? But I do remain pretty"}, {"start": "00:27:33", "end": "00:27:39", "text": "staunch that these low 60s, mid60s uh"}, {"start": "00:27:38", "end": "00:27:42", "text": "for Bitcoin are going to be pretty damn"}, {"start": "00:27:39", "end": "00:27:43", "text": "strong uh bounce points. I think we need"}, {"start": "00:27:42", "end": "00:27:46", "text": "something really bad to happen to"}, {"start": "00:27:43", "end": "00:27:49", "text": "cascade below that $60,000 price level"}, {"start": "00:27:46", "end": "00:27:52", "text": "at this point. A lot of the original uh"}, {"start": "00:27:49", "end": "00:27:55", "text": "ETF accumulation in this zone originally"}, {"start": "00:27:52", "end": "00:27:57", "text": "when the ETFs got launched and"}, {"start": "00:27:55", "end": "00:27:59", "text": "I'm not sitting here waiting on the"}, {"start": "00:27:57", "end": "00:28:01", "text": "sidelines for the 40k Bitcoin. I'm I"}, {"start": "00:27:59", "end": "00:28:03", "text": "bought a lot of Bitcoin this weekend and"}, {"start": "00:28:01", "end": "00:28:06", "text": "it's for the daughter,"}, {"start": "00:28:03", "end": "00:28:08", "text": ">> you know. She's FOMOing in. I also I"}, {"start": "00:28:06", "end": "00:28:09", "text": "want to get a trailer. I want to get a"}, {"start": "00:28:08", "end": "00:28:10", "text": "like a camper trailer."}, {"start": "00:28:09", "end": "00:28:12", "text": ">> Do it."}, {"start": "00:28:10", "end": "00:28:13", "text": ">> After seeing how my wife handled the"}, {"start": "00:28:12", "end": "00:28:14", "text": "tent,"}, {"start": "00:28:13", "end": "00:28:17", "text": ">> I think I'm going to have to buy a"}, {"start": "00:28:14", "end": "00:28:17", "text": "travel trailer, dude. Um it is what it"}, {"start": "00:28:17", "end": "00:28:19", "text": "is."}, {"start": "00:28:17", "end": "00:28:19", "text": ">> What do they go for?"}, {"start": "00:28:19", "end": "00:28:20", "text": ">> They're cheap."}, {"start": "00:28:19", "end": "00:28:22", "text": ">> Yeah, that's what I thought."}, {"start": "00:28:20", "end": "00:28:23", "text": ">> The Airstream is like $100,000."}, {"start": "00:28:22", "end": "00:28:25", "text": ">> Yeah. Yeah."}, {"start": "00:28:23", "end": "00:28:27", "text": ">> And I It's I mean, maybe I find one, but"}, {"start": "00:28:25", "end": "00:28:29", "text": ">> you're buying the brand there."}, {"start": "00:28:27", "end": "00:28:31", "text": ">> Yeah. I I I just want one that I can"}, {"start": "00:28:29", "end": "00:28:33", "text": "pull with the Toyota because I want to"}, {"start": "00:28:31", "end": "00:28:34", "text": "rely on the Toyota engine more than"}, {"start": "00:28:33", "end": "00:28:36", "text": "whatever Chevy"}, {"start": "00:28:34", "end": "00:28:37", "text": ">> adventure mobile. You got the Sequoia"}, {"start": "00:28:36", "end": "00:28:39", "text": "for you and going off and then you got"}, {"start": "00:28:37", "end": "00:28:41", "text": "the the pull behind for the family."}, {"start": "00:28:39", "end": "00:28:44", "text": ">> Yeah. So, it's kind of a balance of"}, {"start": "00:28:41", "end": "00:28:46", "text": "Bitcoin and RV stuff. You know what I"}, {"start": "00:28:44", "end": "00:28:48", "text": "mean? That's kind of what's in my mind"}, {"start": "00:28:46", "end": "00:28:50", "text": "right now. I think that there's a lot of"}, {"start": "00:28:48", "end": "00:28:52", "text": "volatility in the market because you see"}, {"start": "00:28:50", "end": "00:28:54", "text": "these headlines of Trump thinks"}, {"start": "00:28:52", "end": "00:28:56", "text": "everything's going to be great. Just sit"}, {"start": "00:28:54", "end": "00:28:58", "text": "back and relax, he says. But the reality"}, {"start": "00:28:56", "end": "00:29:01", "text": "of the situation is Iran is directly"}, {"start": "00:28:58", "end": "00:29:03", "text": "rejecting Trump's true social demands as"}, {"start": "00:29:01", "end": "00:29:05", "text": "a complete opposite of what's in the"}, {"start": "00:29:03", "end": "00:29:08", "text": "draft text, denying Iran agreed to"}, {"start": "00:29:05", "end": "00:29:09", "text": "reopen the Hormuz without tolls or"}, {"start": "00:29:08", "end": "00:29:10", "text": "removing mines. So they're going to"}, {"start": "00:29:09", "end": "00:29:13", "text": "leave the mines in. They're going to"}, {"start": "00:29:10", "end": "00:29:14", "text": "keep tolling boats, dismantle it. And he"}, {"start": "00:29:13", "end": "00:29:16", "text": "also wants to dismantle nuclear"}, {"start": "00:29:14", "end": "00:29:17", "text": "materials and disarm them. Do you really"}, {"start": "00:29:16", "end": "00:29:20", "text": "think that we're going to be able to"}, {"start": "00:29:17", "end": "00:29:23", "text": "completely disarm Iran? It's been their"}, {"start": "00:29:20", "end": "00:29:24", "text": "feet have been in the sand pushing"}, {"start": "00:29:23", "end": "00:29:26", "text": "against the American regime. It's been"}, {"start": "00:29:24", "end": "00:29:29", "text": "death to America for like decades,"}, {"start": "00:29:26", "end": "00:29:32", "text": "right? I just"}, {"start": "00:29:29", "end": "00:29:35", "text": "I will say this again. We're looking"}, {"start": "00:29:32", "end": "00:29:37", "text": "forward to 2027 and not a peaceful way"}, {"start": "00:29:35", "end": "00:29:40", "text": "in the United States regardless of what"}, {"start": "00:29:37", "end": "00:29:43", "text": "the Trump administration says. This is"}, {"start": "00:29:40", "end": "00:29:45", "text": "not done. And now they want to they want"}, {"start": "00:29:43", "end": "00:29:48", "text": "the US to proceed with an immediate"}, {"start": "00:29:45", "end": "00:29:49", "text": "payment of 12 billion in Iran's frozen"}, {"start": "00:29:48", "end": "00:29:50", "text": "assets."}, {"start": "00:29:49", "end": "00:29:52", "text": "So,"}, {"start": "00:29:50", "end": "00:29:54", "text": ">> right. And that's that's that's the main"}, {"start": "00:29:52", "end": "00:29:56", "text": "leverage that we have. like no, we're"}, {"start": "00:29:54", "end": "00:29:59", "text": "not going to get them to do hardly"}, {"start": "00:29:56", "end": "00:30:01", "text": "anything in my opinion without giving a"}, {"start": "00:29:59", "end": "00:30:04", "text": "lot to them. Our main our main leverage"}, {"start": "00:30:01", "end": "00:30:05", "text": "point at this point I think we've done"}, {"start": "00:30:04", "end": "00:30:07", "text": "most of I mean obviously there's more"}, {"start": "00:30:05", "end": "00:30:09", "text": "that could be done on military but like"}, {"start": "00:30:07", "end": "00:30:11", "text": "you said that's going to be not a fun"}, {"start": "00:30:09", "end": "00:30:14", "text": "time and it's going to be a long time."}, {"start": "00:30:11", "end": "00:30:17", "text": ">> No, you will have war crimes be alleged"}, {"start": "00:30:14", "end": "00:30:18", "text": "against the US for the next steps."}, {"start": "00:30:17", "end": "00:30:20", "text": ">> Yeah. So,"}, {"start": "00:30:18", "end": "00:30:22", "text": ">> however,"}, {"start": "00:30:20", "end": "00:30:24", "text": "uh, economic leverage is something we do"}, {"start": "00:30:22", "end": "00:30:26", "text": "have and and that's I think what they're"}, {"start": "00:30:24", "end": "00:30:27", "text": "trying to wield. But this is,"}, {"start": "00:30:26", "end": "00:30:29", "text": ">> hey, I mean, it's really interesting"}, {"start": "00:30:27", "end": "00:30:31", "text": "when macro"}, {"start": "00:30:29", "end": "00:30:34", "text": ">> matches technical, right? Like all this"}, {"start": "00:30:31", "end": "00:30:36", "text": "crazy chaos lining up with what is a"}, {"start": "00:30:34", "end": "00:30:37", "text": "traditional cycle in Bitcoin is"}, {"start": "00:30:36", "end": "00:30:39", "text": "fascinating. It also is lining up with"}, {"start": "00:30:37", "end": "00:30:41", "text": "the traditional liquidity cycle, which"}, {"start": "00:30:39", "end": "00:30:45", "text": "that is not a coincidence. Mhm."}, {"start": "00:30:41", "end": "00:30:46", "text": ">> Wars and global crisis always tend to"}, {"start": "00:30:45", "end": "00:30:47", "text": "happen when banks are running out of"}, {"start": "00:30:46", "end": "00:30:47", "text": "money."}, {"start": "00:30:47", "end": "00:30:48", "text": ">> Oh yeah."}, {"start": "00:30:47", "end": "00:30:49", "text": ">> Funny how that works."}, {"start": "00:30:48", "end": "00:30:50", "text": ">> Oh yeah."}, {"start": "00:30:49", "end": "00:30:51", "text": ">> Time to print, time to get more debt,"}, {"start": "00:30:50", "end": "00:30:54", "text": "all that sort of stuff. And there's"}, {"start": "00:30:51", "end": "00:30:56", "text": "definitely a large global rearranging"}, {"start": "00:30:54", "end": "00:30:58", "text": "that's happening right now on the on the"}, {"start": "00:30:56", "end": "00:31:00", "text": "global stage with those in power, those"}, {"start": "00:30:58", "end": "00:31:02", "text": "who aren't. Bitcoin being part of that,"}, {"start": "00:31:00", "end": "00:31:03", "text": "crypto people coming up is part of"}, {"start": "00:31:02", "end": "00:31:04", "text": "what's going on right now. If you look"}, {"start": "00:31:03", "end": "00:31:05", "text": "at the,"}, {"start": "00:31:04", "end": "00:31:07", "text": ">> you know, there's some of these, there's"}, {"start": "00:31:05", "end": "00:31:10", "text": "some great art out there of kind of like"}, {"start": "00:31:07", "end": "00:31:11", "text": "the world board and who's got a seat"}, {"start": "00:31:10", "end": "00:31:14", "text": "where and who's up close and"}, {"start": "00:31:11", "end": "00:31:15", "text": ">> Have you seen the Denver airport artwork"}, {"start": "00:31:14", "end": "00:31:16", "text": "that has this all laid out?"}, {"start": "00:31:15", "end": "00:31:17", "text": ">> No."}, {"start": "00:31:16", "end": "00:31:18", "text": ">> I don't know if I should show it on this"}, {"start": "00:31:17", "end": "00:31:18", "text": "channel."}, {"start": "00:31:18", "end": "00:31:20", "text": ">> Yeah."}, {"start": "00:31:18", "end": "00:31:22", "text": ">> But in the airport,"}, {"start": "00:31:20", "end": "00:31:24", "text": ">> it was it was I think they were forced"}, {"start": "00:31:22", "end": "00:31:26", "text": "to take it down. The Denver"}, {"start": "00:31:24", "end": "00:31:28", "text": "International Airport had everything"}, {"start": "00:31:26", "end": "00:31:29", "text": "that we're seeing in macroeconomics and"}, {"start": "00:31:28", "end": "00:31:32", "text": "war"}, {"start": "00:31:29", "end": "00:31:33", "text": ">> painted on the walls like 20 years ago."}, {"start": "00:31:32", "end": "00:31:35", "text": "Interesting."}, {"start": "00:31:33", "end": "00:31:36", "text": ">> Yeah. Like I I think actually I need to"}, {"start": "00:31:35", "end": "00:31:37", "text": "do a basement show about it."}, {"start": "00:31:36", "end": "00:31:41", "text": ">> Yeah. Um do it."}, {"start": "00:31:37", "end": "00:31:42", "text": ">> You know, but all that said, things"}, {"start": "00:31:41", "end": "00:31:45", "text": "aren't looking great. We're probably"}, {"start": "00:31:42", "end": "00:31:47", "text": "going to start striking Iran and take"}, {"start": "00:31:45", "end": "00:31:50", "text": "that into account for whatever positions"}, {"start": "00:31:47", "end": "00:31:52", "text": "you have in mind. Honestly, you know,"}, {"start": "00:31:50", "end": "00:31:54", "text": "seeing how the stock markets reacted"}, {"start": "00:31:52", "end": "00:31:56", "text": "when they were facing an oil crisis"}, {"start": "00:31:54", "end": "00:31:57", "text": "makes me tend to think that this isn't"}, {"start": "00:31:56", "end": "00:32:01", "text": "going to be the end of the world for"}, {"start": "00:31:57", "end": "00:32:03", "text": "markets. Um 100 who No one has a Does he"}, {"start": "00:32:01", "end": "00:32:05", "text": "really have a 100 foot camper? That's"}, {"start": "00:32:03", "end": "00:32:06", "text": "not real."}, {"start": "00:32:05", "end": "00:32:08", "text": ">> How could he have a 100 foot camper?"}, {"start": "00:32:06", "end": "00:32:08", "text": ">> No, that's a question mark. It says"}, {"start": "00:32:08", "end": "00:32:11", "text": ">> Yeah. No,"}, {"start": "00:32:08", "end": "00:32:12", "text": ">> nobody said they had a 100 foot camper."}, {"start": "00:32:11", "end": "00:32:14", "text": "Yeah. Everybody's talking about campers"}, {"start": "00:32:12", "end": "00:32:16", "text": "now. DCA and Pra said you're doing the"}, {"start": "00:32:14", "end": "00:32:17", "text": "same arc as him. He got a Seoia in a"}, {"start": "00:32:16", "end": "00:32:19", "text": "travel trailer, but he said vinyl floor"}, {"start": "00:32:17", "end": "00:32:20", "text": "got destroyed in the cold weather. So"}, {"start": "00:32:19", "end": "00:32:22", "text": ">> Oh, yeah."}, {"start": "00:32:20", "end": "00:32:23", "text": ">> Well, I'm pretty warm with my worst"}, {"start": "00:32:22", "end": "00:32:25", "text": "enemy out here is water."}, {"start": "00:32:23", "end": "00:32:26", "text": ">> Yeah, humidity. That's going to be"}, {"start": "00:32:25", "end": "00:32:28", "text": ">> humidity is my worst enemy out here. So,"}, {"start": "00:32:26", "end": "00:32:30", "text": "I got to probably build a side building"}, {"start": "00:32:28", "end": "00:32:32", "text": "for that. You know, that's a whole"}, {"start": "00:32:30", "end": "00:32:33", "text": "another thing. We'll get it. All right."}, {"start": "00:32:32", "end": "00:32:34", "text": "Treasury Secretary Present has something"}, {"start": "00:32:33", "end": "00:32:35", "text": "to say about Iran."}, {"start": "00:32:34", "end": "00:32:38", "text": ">> Speaking of global repositioning."}, {"start": "00:32:35", "end": "00:32:40", "text": ">> Yeah, I know. This guy is just insane."}, {"start": "00:32:38", "end": "00:32:44", "text": "So, the US has grabbed $1 billion in"}, {"start": "00:32:40", "end": "00:32:46", "text": "crypto from Iran as well. Um, says the"}, {"start": "00:32:44", "end": "00:32:48", "text": "US is outright, you know what? I wonder"}, {"start": "00:32:46", "end": "00:32:51", "text": "how much of this is Bitcoin. Let's read"}, {"start": "00:32:48", "end": "00:32:52", "text": "into this. So, Scott said on Friday, the"}, {"start": "00:32:51", "end": "00:32:55", "text": "US has seized roughly $1 billion worth"}, {"start": "00:32:52", "end": "00:32:57", "text": "of crypto. Um, I wonder if it was Salana"}, {"start": "00:32:55", "end": "00:32:59", "text": "or like Fartcoin. If there's any like"}, {"start": "00:32:57", "end": "00:33:02", "text": "weird meme coins within the Iranian"}, {"start": "00:32:59", "end": "00:33:04", "text": "grab. Iran Revolutionary Guard has"}, {"start": "00:33:02", "end": "00:33:07", "text": "reportedly embraced Bitcoin for maritime"}, {"start": "00:33:04", "end": "00:33:09", "text": "insurance for chipping tolls. The actors"}, {"start": "00:33:07", "end": "00:33:11", "text": "linked to Iran have used Tether"}, {"start": "00:33:09", "end": "00:33:14", "text": "stablecoin to move funds Israeli"}, {"start": "00:33:11", "end": "00:33:16", "text": "authorities alleged last year. Now,"}, {"start": "00:33:14", "end": "00:33:18", "text": "speaking for Friday at the Reagan"}, {"start": "00:33:16", "end": "00:33:20", "text": "National Economic Forum in Sime Valley,"}, {"start": "00:33:18", "end": "00:33:22", "text": "California, did you listen to that? He"}, {"start": "00:33:20", "end": "00:33:24", "text": "was talking while I was trading while I"}, {"start": "00:33:22", "end": "00:33:25", "text": "was in that trade."}, {"start": "00:33:24", "end": "00:33:27", "text": ">> It didn't like the markets didn't hate"}, {"start": "00:33:25", "end": "00:33:29", "text": "what he was saying."}, {"start": "00:33:27", "end": "00:33:31", "text": ">> The main he did bring up crypto directly"}, {"start": "00:33:29", "end": "00:33:33", "text": "and talked about it at length kind of"}, {"start": "00:33:31", "end": "00:33:36", "text": "about the CBDC stuff."}, {"start": "00:33:33", "end": "00:33:39", "text": ">> So they're trying to separate the idea"}, {"start": "00:33:36", "end": "00:33:41", "text": "of what a CBDC is from like Tether and"}, {"start": "00:33:39", "end": "00:33:43", "text": "Circle, right? They're like, \"No,"}, {"start": "00:33:41", "end": "00:33:44", "text": "they're not the same thing. We're going"}, {"start": "00:33:43", "end": "00:33:47", "text": "to make sure that, you know, you don't"}, {"start": "00:33:44", "end": "00:33:49", "text": "have a CBDC that can be shut down.\" But"}, {"start": "00:33:47", "end": "00:33:50", "text": "I think we're shutting down Tether and"}, {"start": "00:33:49", "end": "00:33:51", "text": "USDC and like seizing it from"}, {"start": "00:33:50", "end": "00:33:53", "text": ">> Yeah."}, {"start": "00:33:51", "end": "00:33:55", "text": ">> You know, isn't that kind of weird how"}, {"start": "00:33:53", "end": "00:33:56", "text": "they're painting these things as two"}, {"start": "00:33:55", "end": "00:33:58", "text": "separate subjects?"}, {"start": "00:33:56", "end": "00:34:00", "text": ">> They central bank digital currency for"}, {"start": "00:33:58", "end": "00:34:03", "text": "those that don't know is CBDC and then"}, {"start": "00:34:00", "end": "00:34:05", "text": "stable coins are USDC and Tether. And"}, {"start": "00:34:03", "end": "00:34:07", "text": "yeah, you could very easily make the"}, {"start": "00:34:05", "end": "00:34:09", "text": "case that a stable coin that has a"}, {"start": "00:34:07", "end": "00:34:12", "text": "central issuer is essentially a central"}, {"start": "00:34:09", "end": "00:34:16", "text": "bank digital currency. Now, is Tether a"}, {"start": "00:34:12", "end": "00:34:18", "text": "central bank? Is Circle a central bank?"}, {"start": "00:34:16", "end": "00:34:21", "text": "No. And I guess that's their point. Uh"}, {"start": "00:34:18", "end": "00:34:24", "text": "but in reality they are becoming like"}, {"start": "00:34:21", "end": "00:34:27", "text": "central banks and could in you know"}, {"start": "00:34:24", "end": "00:34:31", "text": "conceivably replace central banks and"}, {"start": "00:34:27", "end": "00:34:32", "text": "that is the core of the war that's going"}, {"start": "00:34:31", "end": "00:34:34", "text": "on right now. That is why Jamie"}, {"start": "00:34:32", "end": "00:34:36", "text": "Diamond's upset. That's why there's all"}, {"start": "00:34:34", "end": "00:34:39", "text": "this stalling and legal stuff going on"}, {"start": "00:34:36", "end": "00:34:41", "text": "with the Clarity Act. That's why they're"}, {"start": "00:34:39", "end": "00:34:43", "text": "descent and Trump and everybody's"}, {"start": "00:34:41", "end": "00:34:46", "text": "talking about crypto and Bitcoin and"}, {"start": "00:34:43", "end": "00:34:48", "text": "CBDC's and stable coins so much is"}, {"start": "00:34:46", "end": "00:34:52", "text": "because that's that's the battle that's"}, {"start": "00:34:48", "end": "00:34:53", "text": "really happening is a battle for uh you"}, {"start": "00:34:52", "end": "00:34:55", "text": "know really the battle that central"}, {"start": "00:34:53", "end": "00:34:58", "text": "banking and the central banks have"}, {"start": "00:34:55", "end": "00:35:01", "text": "controlled global money for such a long"}, {"start": "00:34:58", "end": "00:35:02", "text": "time. Yeah. Now we're seeing Tether"}, {"start": "00:35:01", "end": "00:35:05", "text": "stepping into that role, Circle stepping"}, {"start": "00:35:02", "end": "00:35:08", "text": "into that role, many others trying to"}, {"start": "00:35:05", "end": "00:35:10", "text": "obviously buying for USD1. There's so"}, {"start": "00:35:08", "end": "00:35:11", "text": "many stable coins out there now. It's"}, {"start": "00:35:10", "end": "00:35:13", "text": "probably half of what's in crypto is"}, {"start": "00:35:11", "end": "00:35:17", "text": "stable coins. And it's because"}, {"start": "00:35:13", "end": "00:35:18", "text": ">> they know he who makes the, you know,"}, {"start": "00:35:17", "end": "00:35:20", "text": "has the gold makes the rules, so to"}, {"start": "00:35:18", "end": "00:35:22", "text": "speak. Like that's what's been happening"}, {"start": "00:35:20", "end": "00:35:25", "text": "with central banks for a long time. And"}, {"start": "00:35:22", "end": "00:35:26", "text": "that's, you know, now same people are"}, {"start": "00:35:25", "end": "00:35:28", "text": "going to be involved with MSTR, going to"}, {"start": "00:35:26", "end": "00:35:29", "text": "be involved with Tether, you know, like"}, {"start": "00:35:28", "end": "00:35:31", "text": "look at who's in Tether. That's Caner"}, {"start": "00:35:29", "end": "00:35:33", "text": "Fitzgerald. That's right alongside"}, {"start": "00:35:31", "end": "00:35:35", "text": "Trump's team. Lutnick, all all those"}, {"start": "00:35:33", "end": "00:35:38", "text": "kind of people. Howard Lutnick, Brandon"}, {"start": "00:35:35", "end": "00:35:42", "text": "Lutnick, that is uh at 21 Capital, Jack"}, {"start": "00:35:38", "end": "00:35:44", "text": "Mers, all of that is Tether now. And so"}, {"start": "00:35:42", "end": "00:35:46", "text": "that in my opinion is becoming the"}, {"start": "00:35:44", "end": "00:35:48", "text": "dominant central bank. Circle might come"}, {"start": "00:35:46", "end": "00:35:51", "text": "up as the next one. It'll be interesting"}, {"start": "00:35:48", "end": "00:35:53", "text": "to see who rises up from the east. Uh"}, {"start": "00:35:51", "end": "00:35:55", "text": "but there'll probably be a handful and"}, {"start": "00:35:53", "end": "00:35:57", "text": "you know, just so they could claim uh"}, {"start": "00:35:55", "end": "00:35:58", "text": "balance just like what we have right"}, {"start": "00:35:57", "end": "00:35:59", "text": "now. Now, we have central banks all"}, {"start": "00:35:58", "end": "00:36:01", "text": "around the world right now, but there's"}, {"start": "00:35:59", "end": "00:36:03", "text": "really six or eight that have most of"}, {"start": "00:36:01", "end": "00:36:04", "text": "the power and authority. And I think"}, {"start": "00:36:03", "end": "00:36:06", "text": "we'll see"}, {"start": "00:36:04", "end": "00:36:06", "text": ">> similar, but with more consolidation of"}, {"start": "00:36:06", "end": "00:36:09", "text": "power."}, {"start": "00:36:06", "end": "00:36:10", "text": ">> I miss Gaddafi. I miss Gaddafi."}, {"start": "00:36:09", "end": "00:36:12", "text": ">> Here we go."}, {"start": "00:36:10", "end": "00:36:14", "text": ">> Okay. I'm just I'm just going to say,"}, {"start": "00:36:12", "end": "00:36:19", "text": "and you know what? This this story is"}, {"start": "00:36:14", "end": "00:36:22", "text": "very odd because Bent told Fox News just"}, {"start": "00:36:19", "end": "00:36:23", "text": "that we just outright grabbed the wall."}, {"start": "00:36:22", "end": "00:36:25", "text": "What the hell does that mean? You just"}, {"start": "00:36:23", "end": "00:36:27", "text": "outright grabbed the wall. you brute"}, {"start": "00:36:25", "end": "00:36:28", "text": "forced your way into the seed phrases."}, {"start": "00:36:27", "end": "00:36:30", "text": ">> They just grabbed the Arculus wallets"}, {"start": "00:36:28", "end": "00:36:31", "text": "right out of their hands ledgers. Like"}, {"start": "00:36:30", "end": "00:36:34", "text": ">> what does this mean? Like are you able"}, {"start": "00:36:31", "end": "00:36:36", "text": "to brute force with Palunteer and get"}, {"start": "00:36:34", "end": "00:36:37", "text": "into the wallets? Like they"}, {"start": "00:36:36", "end": "00:36:39", "text": ">> they don't even know like they've said"}, {"start": "00:36:37", "end": "00:36:40", "text": "all kind there's these statements are so"}, {"start": "00:36:39", "end": "00:36:42", "text": "full of inaccuracies. I feel like"}, {"start": "00:36:40", "end": "00:36:43", "text": "they've said before like we hacked"}, {"start": "00:36:42", "end": "00:36:44", "text": "Bitcoin like no you didn't hack"}, {"start": "00:36:43", "end": "00:36:44", "text": "anything."}, {"start": "00:36:44", "end": "00:36:45", "text": ">> Yeah."}, {"start": "00:36:44", "end": "00:36:47", "text": ">> Yeah. So what does that mean they"}, {"start": "00:36:45", "end": "00:36:48", "text": "grabbed it? You know maybe there was a"}, {"start": "00:36:47", "end": "00:36:50", "text": "hardware wallet in a safe that they"}, {"start": "00:36:48", "end": "00:36:51", "text": "grabbed but that's not even a guarantee."}, {"start": "00:36:50", "end": "00:36:53", "text": "Like who knows?"}, {"start": "00:36:51", "end": "00:36:55", "text": ">> Yeah. Someone just reading this, it's"}, {"start": "00:36:53", "end": "00:36:57", "text": "some of them may not some of them may be"}, {"start": "00:36:55", "end": "00:36:59", "text": "typing in right now and they may not"}, {"start": "00:36:57", "end": "00:37:01", "text": "have realized that their wallet has been"}, {"start": "00:36:59", "end": "00:37:03", "text": "grabbed. Like did you brute force the"}, {"start": "00:37:01", "end": "00:37:05", "text": "seed phrases? I like we need to find out"}, {"start": "00:37:03", "end": "00:37:06", "text": "and I doubt we'll ever get the truth"}, {"start": "00:37:05", "end": "00:37:07", "text": "about how they're doing it."}, {"start": "00:37:06", "end": "00:37:11", "text": ">> We don't even know. We don't even know"}, {"start": "00:37:07", "end": "00:37:12", "text": "where the US Bitcoin is. You know,"}, {"start": "00:37:11", "end": "00:37:14", "text": ">> they don't even have the truth about"}, {"start": "00:37:12", "end": "00:37:15", "text": "like do we have any where is it? Who"}, {"start": "00:37:14", "end": "00:37:17", "text": "holds it? They don't even know where our"}, {"start": "00:37:15", "end": "00:37:18", "text": "keys are, let alone other people. When"}, {"start": "00:37:17", "end": "00:37:20", "text": "you dig into that, they're like, \"Oh,"}, {"start": "00:37:18", "end": "00:37:22", "text": "we're choosing Coinbase as like a"}, {"start": "00:37:20", "end": "00:37:25", "text": "custody agent for the DOJ.\" But they"}, {"start": "00:37:22", "end": "00:37:27", "text": "don't say like, \"Is the DOJ actually"}, {"start": "00:37:25", "end": "00:37:28", "text": "using the Coinbase location to hold the"}, {"start": "00:37:27", "end": "00:37:30", "text": "Bitcoin?\""}, {"start": "00:37:28", "end": "00:37:32", "text": ">> We don't hear about where the gold is."}, {"start": "00:37:30", "end": "00:37:34", "text": ">> All we hear about is some contractor"}, {"start": "00:37:32", "end": "00:37:35", "text": "that was hired to handle some of this"}, {"start": "00:37:34", "end": "00:37:36", "text": "stuff. His son ran away with 40 million."}, {"start": "00:37:35", "end": "00:37:41", "text": "That's what we know,"}, {"start": "00:37:36", "end": "00:37:44", "text": ">> right? So insane. So, um, now I want to"}, {"start": "00:37:41", "end": "00:37:46", "text": "talk about this, uh, volatility in the"}, {"start": "00:37:44", "end": "00:37:49", "text": "markets. There's this there's this uh"}, {"start": "00:37:46", "end": "00:37:52", "text": "kind of moniker going around about this"}, {"start": "00:37:49", "end": "00:37:56", "text": "volatility spasm is from market watch"}, {"start": "00:37:52", "end": "00:37:58", "text": "and it is something. So the volatility"}, {"start": "00:37:56", "end": "00:38:00", "text": "spasm is"}, {"start": "00:37:58", "end": "00:38:02", "text": "basically us running into a situation"}, {"start": "00:38:00", "end": "00:38:04", "text": "where we have the new Fed chair coming"}, {"start": "00:38:02", "end": "00:38:08", "text": "in. We have the Iran wars kicking off"}, {"start": "00:38:04", "end": "00:38:11", "text": "again. The S&P 500 is hitting extreme"}, {"start": "00:38:08", "end": "00:38:13", "text": "all-time highs. And you have people"}, {"start": "00:38:11", "end": "00:38:16", "text": "wanting to hammer buy into this. And I'm"}, {"start": "00:38:13", "end": "00:38:18", "text": "not saying that the S&P 500 is like"}, {"start": "00:38:16", "end": "00:38:22", "text": "going to fall off a cliff and go down"}, {"start": "00:38:18", "end": "00:38:24", "text": "forever, but imagine the amount of pain"}, {"start": "00:38:22", "end": "00:38:26", "text": "if people watch a couple trillion leave"}, {"start": "00:38:24", "end": "00:38:28", "text": "the market and the S&P takes a 3% 3 and"}, {"start": "00:38:26", "end": "00:38:31", "text": "a half% dip and just as a bullish"}, {"start": "00:38:28", "end": "00:38:32", "text": "structure of retesting the top of this"}, {"start": "00:38:31", "end": "00:38:36", "text": "channel, people are going to lose their"}, {"start": "00:38:32", "end": "00:38:39", "text": "minds. And so when I look at this"}, {"start": "00:38:36", "end": "00:38:41", "text": "volatility spasm that we're going"}, {"start": "00:38:39", "end": "00:38:44", "text": "through right now, there is an attempt"}, {"start": "00:38:41", "end": "00:38:47", "text": "to grow our way out of this. And I have"}, {"start": "00:38:44", "end": "00:38:50", "text": "to stay kind of uh I have to stay kind"}, {"start": "00:38:47", "end": "00:38:54", "text": "of based in the fact that this S&P graph"}, {"start": "00:38:50", "end": "00:38:57", "text": "isn't going to go to 4,000 or 3,000"}, {"start": "00:38:54", "end": "00:39:00", "text": "unless the US is taken off of the stage"}, {"start": "00:38:57", "end": "00:39:02", "text": "as the global leader. Like we have to"}, {"start": "00:39:00", "end": "00:39:05", "text": "actually like lose a war in a pretty"}, {"start": "00:39:02", "end": "00:39:07", "text": "hardcore way and war it ends up kind of"}, {"start": "00:39:05", "end": "00:39:08", "text": "just pushing this thing to the upside,"}, {"start": "00:39:07", "end": "00:39:11", "text": "you know. So"}, {"start": "00:39:08", "end": "00:39:13", "text": ">> the painful part about this TJ is that"}, {"start": "00:39:11", "end": "00:39:16", "text": "the S&P's been pushing higher and higher"}, {"start": "00:39:13", "end": "00:39:18", "text": "and higher day after day and Bitcoin is"}, {"start": "00:39:16", "end": "00:39:21", "text": "just getting slapped around, right?"}, {"start": "00:39:18", "end": "00:39:24", "text": ">> I think I have to take the fouryear"}, {"start": "00:39:21", "end": "00:39:26", "text": "cycles time frames"}, {"start": "00:39:24", "end": "00:39:26", "text": "very seriously watching this."}, {"start": "00:39:26", "end": "00:39:30", "text": ">> Mhm."}, {"start": "00:39:26", "end": "00:39:31", "text": ">> You know, because the S&Ps were the god,"}, {"start": "00:39:30", "end": "00:39:34", "text": "I could have made more money buying"}, {"start": "00:39:31", "end": "00:39:36", "text": "potatoes a couple months ago than than"}, {"start": "00:39:34", "end": "00:39:37", "text": "the crypto projects anything."}, {"start": "00:39:36", "end": "00:39:39", "text": ">> Yeah. I just"}, {"start": "00:39:37", "end": "00:39:40", "text": ">> and I want this is something I was"}, {"start": "00:39:39", "end": "00:39:42", "text": "thinking about too because same way like"}, {"start": "00:39:40", "end": "00:39:43", "text": "I'm looking like dang like I if I had"}, {"start": "00:39:42", "end": "00:39:45", "text": "put some money in some growth stocks"}, {"start": "00:39:43", "end": "00:39:48", "text": "like that could have had a pretty"}, {"start": "00:39:45", "end": "00:39:51", "text": "significant impact. Um and and then I"}, {"start": "00:39:48", "end": "00:39:53", "text": "remind myself of other periods of time"}, {"start": "00:39:51", "end": "00:39:55", "text": "that I've been in the the depths of a"}, {"start": "00:39:53", "end": "00:39:57", "text": "bare market and"}, {"start": "00:39:55", "end": "00:39:59", "text": ">> what the what the stock market was doing"}, {"start": "00:39:57", "end": "00:40:01", "text": "at the time and the S&P and you know"}, {"start": "00:39:59", "end": "00:40:03", "text": "generally speaking yeah it's going to be"}, {"start": "00:40:01", "end": "00:40:05", "text": "up and to the right slowly. that's the"}, {"start": "00:40:03", "end": "00:40:06", "text": "way it's uh manufactured, architected,"}, {"start": "00:40:05", "end": "00:40:07", "text": "manipulated, whatever word you want to"}, {"start": "00:40:06", "end": "00:40:09", "text": "use."}, {"start": "00:40:07", "end": "00:40:11", "text": ">> Uh but when we continually increase the"}, {"start": "00:40:09", "end": "00:40:14", "text": "supply, you know, underlying assets get"}, {"start": "00:40:11", "end": "00:40:16", "text": "stronger. So there's definitely some"}, {"start": "00:40:14", "end": "00:40:18", "text": "truth in that."}, {"start": "00:40:16", "end": "00:40:20", "text": ">> And I remembered in 20, you know, 19 and"}, {"start": "00:40:18", "end": "00:40:22", "text": "some of these other, you know, 2022,"}, {"start": "00:40:20", "end": "00:40:24", "text": "some of these other depths of the bare"}, {"start": "00:40:22", "end": "00:40:26", "text": "market, it feel it doesn't feel good to"}, {"start": "00:40:24", "end": "00:40:28", "text": "be in Bitcoin when it's not moving and"}, {"start": "00:40:26", "end": "00:40:28", "text": "everything else is."}, {"start": "00:40:28", "end": "00:40:30", "text": ">> Yeah."}, {"start": "00:40:28", "end": "00:40:32", "text": ">> And then it always comes back and pays"}, {"start": "00:40:30", "end": "00:40:33", "text": "off. it always pays off and then there's"}, {"start": "00:40:32", "end": "00:40:35", "text": "always that point they're like, \"Man,"}, {"start": "00:40:33", "end": "00:40:37", "text": "I'm glad I stayed in Bitcoin and I'm"}, {"start": "00:40:35", "end": "00:40:41", "text": "glad I accumulated. I'm glad I was"}, {"start": "00:40:37", "end": "00:40:43", "text": "buying Bitcoin in 2019 and 2022 and not,"}, {"start": "00:40:41", "end": "00:40:45", "text": "you know, Google or whatever it is, you"}, {"start": "00:40:43", "end": "00:40:48", "text": "know, now Google's done pretty well."}, {"start": "00:40:45", "end": "00:40:50", "text": ">> I think I got to make a bold claim here"}, {"start": "00:40:48", "end": "00:40:52", "text": "looking at the Bitcoin chart and how"}, {"start": "00:40:50", "end": "00:40:55", "text": "like we once we got ETFs and"}, {"start": "00:40:52", "end": "00:40:58", "text": "institutions involved, we blasted past"}, {"start": "00:40:55", "end": "00:41:00", "text": "that all-time high ahead of schedule."}, {"start": "00:40:58", "end": "00:41:02", "text": "I wouldn't be surprised if we writhe"}, {"start": "00:41:00", "end": "00:41:06", "text": "around here and just jerk about for a"}, {"start": "00:41:02", "end": "00:41:10", "text": "couple months and then run up and break"}, {"start": "00:41:06", "end": "00:41:12", "text": "this again before that having happens."}, {"start": "00:41:10", "end": "00:41:13", "text": "Break new all-time highs ahead of the"}, {"start": "00:41:12", "end": "00:41:15", "text": "having again"}, {"start": "00:41:13", "end": "00:41:17", "text": ">> and then come back down or what?"}, {"start": "00:41:15", "end": "00:41:20", "text": ">> No, I mean you could you you basically"}, {"start": "00:41:17", "end": "00:41:23", "text": "just come back down, retest about a 100"}, {"start": "00:41:20", "end": "00:41:25", "text": "being that floor and then find that"}, {"start": "00:41:23", "end": "00:41:27", "text": "final pushup. Uh yeah, I'm sticking with"}, {"start": "00:41:25", "end": "00:41:31", "text": "my target. I'm not going to get ahead of"}, {"start": "00:41:27", "end": "00:41:36", "text": "myself on Bitcoin's target. I think 20"}, {"start": "00:41:31", "end": "00:41:38", "text": "about $230,000 for the next blowoff top"}, {"start": "00:41:36", "end": "00:41:39", "text": ">> according to diminished gains and"}, {"start": "00:41:38", "end": "00:41:42", "text": "returns. And that's without hyper"}, {"start": "00:41:39", "end": "00:41:44", "text": "bitcoinization, right? That's without"}, {"start": "00:41:42", "end": "00:41:48", "text": "all the variables happening. But I'm"}, {"start": "00:41:44", "end": "00:41:49", "text": "keeping a conservative Bitcoin target so"}, {"start": "00:41:48", "end": "00:41:51", "text": "that I don't get because I've done this"}, {"start": "00:41:49", "end": "00:41:53", "text": "a few cycles. Like back here, you know,"}, {"start": "00:41:51", "end": "00:41:55", "text": "we were all looking for 100k. We got"}, {"start": "00:41:53", "end": "00:41:57", "text": "pretty damn close. M"}, {"start": "00:41:55", "end": "00:41:58", "text": ">> I only sold a bunch of my Ethereum"}, {"start": "00:41:57", "end": "00:42:01", "text": "because I wanted to buy stuff. Not be I"}, {"start": "00:41:58", "end": "00:42:01", "text": "thought Ethereum was going to $10,000."}, {"start": "00:42:01", "end": "00:42:05", "text": ">> Yeah,"}, {"start": "00:42:01", "end": "00:42:07", "text": ">> I absolutely did. And in this market,"}, {"start": "00:42:05", "end": "00:42:09", "text": "the only reason I sold was because I"}, {"start": "00:42:07", "end": "00:42:11", "text": "needed stuff and I promised my wife a"}, {"start": "00:42:09", "end": "00:42:14", "text": "lot of these big things and I hit those"}, {"start": "00:42:11", "end": "00:42:16", "text": "goals way ahead of schedule and I felt"}, {"start": "00:42:14", "end": "00:42:19", "text": "like an absolute [�__�] for selling in"}, {"start": "00:42:16", "end": "00:42:20", "text": "March. But a lot of that worked out"}, {"start": "00:42:19", "end": "00:42:24", "text": "really well and I don't really sell"}, {"start": "00:42:20", "end": "00:42:27", "text": "Bitcoin. So I think that just following"}, {"start": "00:42:24", "end": "00:42:30", "text": "a general higher low parabola"}, {"start": "00:42:27", "end": "00:42:32", "text": "250,000 bucks by the end of 29 makes a"}, {"start": "00:42:30", "end": "00:42:34", "text": "whole hell of a lot of sense to me."}, {"start": "00:42:32", "end": "00:42:36", "text": ">> Basically a swoop up and I'm not like"}, {"start": "00:42:34", "end": "00:42:40", "text": "compare that that outlook like are we"}, {"start": "00:42:36", "end": "00:42:43", "text": "expecting the S&P 500 to go to 15k in a"}, {"start": "00:42:40", "end": "00:42:46", "text": "couple years? Like I'm not I'm expecting"}, {"start": "00:42:43", "end": "00:42:49", "text": "a major major like if we go to 10,000 on"}, {"start": "00:42:46", "end": "00:42:51", "text": "the S&P that thing is coming down hard."}, {"start": "00:42:49", "end": "00:42:54", "text": "I I know that it's going to keep going"}, {"start": "00:42:51", "end": "00:42:57", "text": "up, but I get a better risk to risk to"}, {"start": "00:42:54", "end": "00:42:59", "text": "return from Bitcoin over the next few"}, {"start": "00:42:57", "end": "00:43:01", "text": "years, even in these guts that it's in"}, {"start": "00:42:59", "end": "00:43:04", "text": "right now, than I do from going after"}, {"start": "00:43:01", "end": "00:43:06", "text": "the S&P 500 and trying to triple my"}, {"start": "00:43:04", "end": "00:43:09", "text": "money. I can't I don't have the outlook"}, {"start": "00:43:06", "end": "00:43:11", "text": "of tripling my money over the next three"}, {"start": "00:43:09", "end": "00:43:13", "text": "years in the S&P 500. if I'm just buying"}, {"start": "00:43:11", "end": "00:43:15", "text": "the overall index, if I'm good enough to"}, {"start": "00:43:13", "end": "00:43:18", "text": "pick, and this is where my wife comes in"}, {"start": "00:43:15", "end": "00:43:20", "text": "to save my ass because she buys a lot of"}, {"start": "00:43:18", "end": "00:43:23", "text": "these medical stocks and stuff and does"}, {"start": "00:43:20", "end": "00:43:25", "text": "great. But as as an average person with"}, {"start": "00:43:23", "end": "00:43:27", "text": "my retirement, it's probably not going"}, {"start": "00:43:25", "end": "00:43:30", "text": "to triple in the next three years. So, I"}, {"start": "00:43:27", "end": "00:43:32", "text": "like chasing Bitcoin's chart more than"}, {"start": "00:43:30", "end": "00:43:33", "text": "the S&P, even though we're in down"}, {"start": "00:43:32", "end": "00:43:33", "text": "period."}, {"start": "00:43:33", "end": "00:43:35", "text": ">> Yeah."}, {"start": "00:43:33", "end": "00:43:37", "text": ">> And I'm a little sick in the head. I get"}, {"start": "00:43:35", "end": "00:43:37", "text": "it. But that's kind of what I'm looking"}, {"start": "00:43:37", "end": "00:43:38", "text": "at."}, {"start": "00:43:37", "end": "00:43:40", "text": ">> That's part of what makes a good"}, {"start": "00:43:38", "end": "00:43:41", "text": "Bitcoiner, right? You got to be"}, {"start": "00:43:40", "end": "00:43:43", "text": ">> Yeah, you do got to be a little"}, {"start": "00:43:41", "end": "00:43:47", "text": ">> be a little hardheaded, you know."}, {"start": "00:43:43", "end": "00:43:49", "text": ">> Um, now this is an interesting story. So"}, {"start": "00:43:47", "end": "00:43:53", "text": "JP Morgan's Jamie Diamond takes aim at"}, {"start": "00:43:49", "end": "00:43:55", "text": "Coinbase CEO over the Clarity Act. And"}, {"start": "00:43:53", "end": "00:43:57", "text": "really, it's all about this interview"}, {"start": "00:43:55", "end": "00:43:59", "text": "that Jaime Diamond did, which is all"}, {"start": "00:43:57", "end": "00:44:01", "text": "honestly a little spicy. I was a little"}, {"start": "00:43:59", "end": "00:44:03", "text": "surprised by the uh the banker head"}, {"start": "00:44:01", "end": "00:44:05", "text": "getting this feisty about things. Let's"}, {"start": "00:44:03", "end": "00:44:07", "text": "make sure I should have sound. Let me"}, {"start": "00:44:05", "end": "00:44:08", "text": "unmute here. All right, let's make sure"}, {"start": "00:44:07", "end": "00:44:10", "text": "this plays. If they don't do it"}, {"start": "00:44:08", "end": "00:44:10", "text": "thoughtfully, it will cause it'll be a"}, {"start": "00:44:10", "end": "00:44:12", "text": "huge problem."}, {"start": "00:44:10", "end": "00:44:13", "text": ">> So, are you happy with the way the"}, {"start": "00:44:12", "end": "00:44:16", "text": "Clarity Act is turning out?"}, {"start": "00:44:13", "end": "00:44:19", "text": ">> No. No. Because it it it it allows them"}, {"start": "00:44:16", "end": "00:44:20", "text": "to effectively pay interest on deposits,"}, {"start": "00:44:19", "end": "00:44:22", "text": "stable coins or something like that"}, {"start": "00:44:20", "end": "00:44:24", "text": "without the protection that they should"}, {"start": "00:44:22", "end": "00:44:26", "text": "have. And it doesn't do anything for"}, {"start": "00:44:24", "end": "00:44:28", "text": "AMLBSA. It has almost no legal"}, {"start": "00:44:26", "end": "00:44:30", "text": "protections. So, no, it's the banks will"}, {"start": "00:44:28", "end": "00:44:32", "text": "not accept it that way."}, {"start": "00:44:30", "end": "00:44:34", "text": ">> And the ABA, the small banks, the credit"}, {"start": "00:44:32", "end": "00:44:37", "text": "unions, not just the big guys. I'm not"}, {"start": "00:44:34", "end": "00:44:38", "text": "worried about stablecoin, but if it"}, {"start": "00:44:37", "end": "00:44:39", "text": "happened, I'm telling you, I would have"}, {"start": "00:44:38", "end": "00:44:41", "text": "nothing to do with it and it would"}, {"start": "00:44:39", "end": "00:44:43", "text": "eventually blow up on its own. Okay? But"}, {"start": "00:44:41", "end": "00:44:45", "text": "that's my personal thing, but I do"}, {"start": "00:44:43", "end": "00:44:45", "text": "understand the concern of all the other"}, {"start": "00:44:45", "end": "00:44:47", "text": "banks. So,"}, {"start": "00:44:45", "end": "00:44:47", "text": ">> well, the markup is coming. I mean, what"}, {"start": "00:44:47", "end": "00:44:49", "text": "are you going to do about it?"}, {"start": "00:44:47", "end": "00:44:50", "text": ">> It is. We'll fight it. If we lose, we"}, {"start": "00:44:49", "end": "00:44:50", "text": "lose and we'll live."}, {"start": "00:44:50", "end": "00:44:52", "text": ">> Okay."}, {"start": "00:44:50", "end": "00:44:55", "text": ">> But it will be fought. This will"}, {"start": "00:44:52", "end": "00:44:56", "text": ">> I am wrecked. If we lose, if I'm hearing"}, {"start": "00:44:55", "end": "00:44:58", "text": "Jamie Diamond talking about the"}, {"start": "00:44:56", "end": "00:44:59", "text": "potential of the banking infrastructure"}, {"start": "00:44:58", "end": "00:44:59", "text": "losing"}, {"start": "00:44:59", "end": "00:45:00", "text": ">> Yeah."}, {"start": "00:44:59", "end": "00:45:02", "text": ">> the stable coin year."}, {"start": "00:45:00", "end": "00:45:03", "text": ">> Yeah. Well, and you can read his body"}, {"start": "00:45:02", "end": "00:45:04", "text": "language when he's saying, \"Oh, I'm not"}, {"start": "00:45:03", "end": "00:45:05", "text": "scared of them.\" He's like, \"Oh, yeah."}, {"start": "00:45:04", "end": "00:45:07", "text": "Yeah, absolutely. You absolutely.\" You"}, {"start": "00:45:05", "end": "00:45:10", "text": "know, like basically his whole complaint"}, {"start": "00:45:07", "end": "00:45:11", "text": "is that stable coins are going to pay."}, {"start": "00:45:10", "end": "00:45:13", "text": "They're they're going to do they're"}, {"start": "00:45:11", "end": "00:45:15", "text": "going to have better returns for their"}, {"start": "00:45:13", "end": "00:45:16", "text": "customers than we do,"}, {"start": "00:45:15", "end": "00:45:18", "text": ">> but they're not going to have all the"}, {"start": "00:45:16", "end": "00:45:20", "text": "legal that we do. And it's like,"}, {"start": "00:45:18", "end": "00:45:23", "text": ">> well, the idea of this and like capital"}, {"start": "00:45:20", "end": "00:45:27", "text": "flight is the scariest word in the"}, {"start": "00:45:23", "end": "00:45:29", "text": "world, right? If you give an option for"}, {"start": "00:45:27", "end": "00:45:32", "text": "people and major investors in mass to"}, {"start": "00:45:29", "end": "00:45:34", "text": "move outside of banks and make more"}, {"start": "00:45:32", "end": "00:45:36", "text": "money than you can provide to them, then"}, {"start": "00:45:34", "end": "00:45:38", "text": "you got some serious problems. And"}, {"start": "00:45:36", "end": "00:45:38", "text": "really, I'm going to my favorite website"}, {"start": "00:45:38", "end": "00:45:39", "text": "here."}, {"start": "00:45:38", "end": "00:45:41", "text": ">> Well, yeah. While you're pulling that"}, {"start": "00:45:39", "end": "00:45:44", "text": "up, really what hap the way markets work"}, {"start": "00:45:41", "end": "00:45:46", "text": "is they flow to efficiency."}, {"start": "00:45:44", "end": "00:45:48", "text": ">> You know, money flows to the most"}, {"start": "00:45:46", "end": "00:45:49", "text": "efficient market. That's that's how they"}, {"start": "00:45:48", "end": "00:45:51", "text": "resolve. That's why market, you know, if"}, {"start": "00:45:49", "end": "00:45:53", "text": "you get into the the guts of it, that's"}, {"start": "00:45:51", "end": "00:45:55", "text": "essentially all it is is liquidity"}, {"start": "00:45:53", "end": "00:45:58", "text": "moving to the most efficient places. Y"}, {"start": "00:45:55", "end": "00:46:00", "text": "and banks are not that. And so Jamie"}, {"start": "00:45:58", "end": "00:46:03", "text": "Diamond is smart enough to know that"}, {"start": "00:46:00", "end": "00:46:06", "text": "stable coins and neo banks and all these"}, {"start": "00:46:03", "end": "00:46:07", "text": "things are much more efficient systems."}, {"start": "00:46:06", "end": "00:46:09", "text": "And so capital flight, like you're"}, {"start": "00:46:07", "end": "00:46:12", "text": "talking about, capital will flow that"}, {"start": "00:46:09", "end": "00:46:14", "text": "direction if there's some cl regulatory"}, {"start": "00:46:12", "end": "00:46:18", "text": "clarity, which is why the industry's"}, {"start": "00:46:14", "end": "00:46:20", "text": "been fighting for that. So again, stable"}, {"start": "00:46:18", "end": "00:46:22", "text": "coins and banks and clarity act is not"}, {"start": "00:46:20", "end": "00:46:25", "text": "really the ethos of Bitcoin and"}, {"start": "00:46:22", "end": "00:46:28", "text": "decentralization and freedom. That being"}, {"start": "00:46:25", "end": "00:46:30", "text": "said, it is a pathway to a lot of money"}, {"start": "00:46:28", "end": "00:46:31", "text": "coming into the crypto market which will"}, {"start": "00:46:30", "end": "00:46:33", "text": "enter through stable coins and then once"}, {"start": "00:46:31", "end": "00:46:36", "text": "it's in stable coins, it can much more"}, {"start": "00:46:33", "end": "00:46:37", "text": "easily flow to different places. And you"}, {"start": "00:46:36", "end": "00:46:40", "text": "like that's what you're absolutely"}, {"start": "00:46:37", "end": "00:46:41", "text": "right. Banks, they want to do this. They"}, {"start": "00:46:40", "end": "00:46:43", "text": "want to build a cage. They want to keep"}, {"start": "00:46:41", "end": "00:46:44", "text": "everything in. They do not want you to"}, {"start": "00:46:43", "end": "00:46:48", "text": "leave. They want you reliant and"}, {"start": "00:46:44", "end": "00:46:49", "text": "dependent on them. So to me, that's kind"}, {"start": "00:46:48", "end": "00:46:51", "text": "of what I was saying earlier. The more"}, {"start": "00:46:49", "end": "00:46:52", "text": "we can get into crypto, the more we can"}, {"start": "00:46:51", "end": "00:46:55", "text": "get into more efficient markets, whether"}, {"start": "00:46:52", "end": "00:46:57", "text": "you're talking ETFs and trading on"}, {"start": "00:46:55", "end": "00:46:59", "text": "exchanges and Binance bringing assets"}, {"start": "00:46:57", "end": "00:47:01", "text": "online or whatever it is, if we can get"}, {"start": "00:46:59", "end": "00:47:04", "text": "markets more efficient, I think that"}, {"start": "00:47:01", "end": "00:47:06", "text": "provides more opportunity for the"}, {"start": "00:47:04", "end": "00:47:07", "text": "everyday man, which is you and I show up"}, {"start": "00:47:06", "end": "00:47:10", "text": "here to fight for."}, {"start": "00:47:07", "end": "00:47:13", "text": ">> I know, man. And this is the banks don't"}, {"start": "00:47:10", "end": "00:47:14", "text": "want you to leave them because of this"}, {"start": "00:47:13", "end": "00:47:15", "text": "graph right here."}, {"start": "00:47:14", "end": "00:47:17", "text": ">> Yeah, I love this graph."}, {"start": "00:47:15", "end": "00:47:19", "text": ">> They're trying to dig themselves out of"}, {"start": "00:47:17", "end": "00:47:23", "text": "a a trench that is the largest ever in"}, {"start": "00:47:19", "end": "00:47:26", "text": "banking history. In the US, we sat at"}, {"start": "00:47:23", "end": "00:47:28", "text": "unrealized losses on the books of these"}, {"start": "00:47:26", "end": "00:47:31", "text": "small and regional banks at around $700"}, {"start": "00:47:28", "end": "00:47:32", "text": "billion. And a lot of this is from"}, {"start": "00:47:31", "end": "00:47:34", "text": "commercial real estate valuations"}, {"start": "00:47:32", "end": "00:47:37", "text": "falling. But now they're dealing with"}, {"start": "00:47:34", "end": "00:47:39", "text": "the if the single family housing market"}, {"start": "00:47:37", "end": "00:47:41", "text": "does truly lock up as they're trying to"}, {"start": "00:47:39", "end": "00:47:43", "text": "dig themselves out of this, you're going"}, {"start": "00:47:41", "end": "00:47:45", "text": "to see these losses get even deeper,"}, {"start": "00:47:43", "end": "00:47:46", "text": "right? And the private credit crunch,"}, {"start": "00:47:45", "end": "00:47:48", "text": "the the another thing that's"}, {"start": "00:47:46", "end": "00:47:51", "text": "problematic, and this is the FDIC"}, {"start": "00:47:48", "end": "00:47:53", "text": "website, is you're getting a higher flow"}, {"start": "00:47:51", "end": "00:47:56", "text": "or a higher floor of quarterly credit"}, {"start": "00:47:53", "end": "00:47:58", "text": "loss provisions. So the baseline"}, {"start": "00:47:56", "end": "00:48:01", "text": "expectations of losses is becoming"}, {"start": "00:47:58", "end": "00:48:04", "text": "higher and higher each economic disaster"}, {"start": "00:48:01", "end": "00:48:07", "text": "that we go through, right? So if you"}, {"start": "00:48:04", "end": "00:48:09", "text": "have stable coins offer massive yield"}, {"start": "00:48:07", "end": "00:48:11", "text": "and a lot of money leave banks as"}, {"start": "00:48:09", "end": "00:48:13", "text": "they're on the precipice of digging"}, {"start": "00:48:11", "end": "00:48:16", "text": "themselves out of this trench, you're"}, {"start": "00:48:13", "end": "00:48:19", "text": "going to see a lot of banks going. And I"}, {"start": "00:48:16", "end": "00:48:21", "text": "don't think that the uh FDIC is truly"}, {"start": "00:48:19", "end": "00:48:22", "text": "equipped to handle that outside of just"}, {"start": "00:48:21", "end": "00:48:23", "text": "printing ungodly amounts of money."}, {"start": "00:48:22", "end": "00:48:25", "text": ">> They're not they're not equipped to"}, {"start": "00:48:23", "end": "00:48:26", "text": "handle it at all. And that's one of the"}, {"start": "00:48:25", "end": "00:48:27", "text": "my favorite. You guys have probably, if"}, {"start": "00:48:26", "end": "00:48:29", "text": "you've watched this channel long enough,"}, {"start": "00:48:27", "end": "00:48:31", "text": "you've heard me talk about this a bunch."}, {"start": "00:48:29", "end": "00:48:32", "text": "I'm pretty sure Andreas Antonopoulos"}, {"start": "00:48:31", "end": "00:48:34", "text": "talks about it in this video. It's"}, {"start": "00:48:32", "end": "00:48:36", "text": "called money is a system of control. And"}, {"start": "00:48:34", "end": "00:48:39", "text": "he talks about the FDIC and and they"}, {"start": "00:48:36", "end": "00:48:42", "text": "they t FDIC is this secure stable"}, {"start": "00:48:39", "end": "00:48:44", "text": "protection. It's insurance. Well, right."}, {"start": "00:48:42", "end": "00:48:47", "text": ">> Not insurance really. The way they sell"}, {"start": "00:48:44", "end": "00:48:49", "text": "it, it's it's it's insurance for small"}, {"start": "00:48:47", "end": "00:48:51", "text": "failures. It can cover small. It does"}, {"start": "00:48:49", "end": "00:48:51", "text": "not ensure systemic failure whatsoever."}, {"start": "00:48:51", "end": "00:48:53", "text": "And"}, {"start": "00:48:51", "end": "00:48:55", "text": ">> it's not a tourniquet. It's a band-aid."}, {"start": "00:48:53", "end": "00:48:57", "text": ">> Yeah. It's a if you have one uh thing,"}, {"start": "00:48:55", "end": "00:48:58", "text": "it really ensures the bank on that one"}, {"start": "00:48:57", "end": "00:49:00", "text": "mistake that they have. So, they have"}, {"start": "00:48:58", "end": "00:49:02", "text": "insurance on it. It doesn't, you know,"}, {"start": "00:49:00", "end": "00:49:04", "text": "they sell it as insuring you. But"}, {"start": "00:49:02", "end": "00:49:05", "text": "realistically, this graph right here, if"}, {"start": "00:49:04", "end": "00:49:08", "text": "it goes belly up,"}, {"start": "00:49:05", "end": "00:49:10", "text": ">> Yeah. FDIC is not going to cover it. Not"}, {"start": "00:49:08", "end": "00:49:13", "text": "even close. Yeah. Um and you know,"}, {"start": "00:49:10", "end": "00:49:15", "text": "arguably this is probably they're"}, {"start": "00:49:13", "end": "00:49:17", "text": "probably digging out of it through some"}, {"start": "00:49:15", "end": "00:49:20", "text": "of these uh private equity type deals"}, {"start": "00:49:17", "end": "00:49:22", "text": "with AI and data data centers and all"}, {"start": "00:49:20", "end": "00:49:23", "text": "that sort of stuff. But uh I see a lot"}, {"start": "00:49:22", "end": "00:49:26", "text": "of people in the chat saying that's"}, {"start": "00:49:23", "end": "00:49:27", "text": "impossible to dig out of. You know, a"}, {"start": "00:49:26", "end": "00:49:29", "text": "lot of people not big Jamie Diamond"}, {"start": "00:49:27", "end": "00:49:31", "text": "fans. Remember last year he said BTC and"}, {"start": "00:49:29", "end": "00:49:32", "text": "crypto is BS. Then four months later"}, {"start": "00:49:31", "end": "00:49:33", "text": "turns around smash buys. Like"}, {"start": "00:49:32", "end": "00:49:35", "text": ">> that's they always do that."}, {"start": "00:49:33", "end": "00:49:36", "text": ">> Always do that. Watch what they do, not"}, {"start": "00:49:35", "end": "00:49:38", "text": "what they say."}, {"start": "00:49:36", "end": "00:49:40", "text": ">> Well, and the private credit thing that"}, {"start": "00:49:38", "end": "00:49:42", "text": "you know there's a degree of"}, {"start": "00:49:40", "end": "00:49:45", "text": "similarities to 2008, but Black Rockck"}, {"start": "00:49:42", "end": "00:49:47", "text": "is blocking the exits when when"}, {"start": "00:49:45", "end": "00:49:49", "text": "investors want to flee out of these"}, {"start": "00:49:47", "end": "00:49:51", "text": "private credit problems that they can"}, {"start": "00:49:49", "end": "00:49:52", "text": "see. They're they're logical. Black"}, {"start": "00:49:51", "end": "00:49:54", "text": "Rockck is like shutting the door, the"}, {"start": "00:49:52", "end": "00:49:56", "text": "exits."}, {"start": "00:49:54", "end": "00:49:57", "text": ">> They're not necessarily fleeing. It's"}, {"start": "00:49:56", "end": "00:49:58", "text": "private equity and it's not private"}, {"start": "00:49:57", "end": "00:50:00", "text": "equity. It's not a private credit"}, {"start": "00:49:58", "end": "00:50:02", "text": "problem. They're trying to take profits."}, {"start": "00:50:00", "end": "00:50:04", "text": "They're up so big and they're like, \"All"}, {"start": "00:50:02", "end": "00:50:05", "text": "right, we want to we've made billions of"}, {"start": "00:50:04", "end": "00:50:06", "text": "dollars. Actually, we're going to"}, {"start": "00:50:05", "end": "00:50:08", "text": "withdraw.\" And things are feeling a"}, {"start": "00:50:06", "end": "00:50:10", "text": "little uneasy right now. I don't I don't"}, {"start": "00:50:08", "end": "00:50:11", "text": "want to roll it back into another"}, {"start": "00:50:10", "end": "00:50:13", "text": "startup. I want to actually withdraw"}, {"start": "00:50:11", "end": "00:50:14", "text": "that money now."}, {"start": "00:50:13", "end": "00:50:15", "text": ">> And that's what they're g that's what"}, {"start": "00:50:14", "end": "00:50:17", "text": "the big dogs are gating. and they're"}, {"start": "00:50:15", "end": "00:50:18", "text": "going, you're like, \"Oh, actually the"}, {"start": "00:50:17", "end": "00:50:20", "text": "contract says you can only do, you know,"}, {"start": "00:50:18", "end": "00:50:23", "text": "10% redemptions a quarter or whatever"}, {"start": "00:50:20", "end": "00:50:24", "text": "their contract says.\" Uh, and that's But"}, {"start": "00:50:23", "end": "00:50:26", "text": "what's interesting is when you see big"}, {"start": "00:50:24", "end": "00:50:28", "text": "money wanting to withdraw all at once"}, {"start": "00:50:26", "end": "00:50:29", "text": "and then like you said, being gated is"}, {"start": "00:50:28", "end": "00:50:30", "text": "part of it."}, {"start": "00:50:29", "end": "00:50:34", "text": ">> Looks like Bitcoin's on its way to find"}, {"start": "00:50:30", "end": "00:50:34", "text": "out about 70 right now as we're talking."}, {"start": "00:50:34", "end": "00:50:36", "text": "Um,"}, {"start": "00:50:34", "end": "00:50:36", "text": ">> he's in a short. Anybody in the chat in"}, {"start": "00:50:36", "end": "00:50:37", "text": "a short?"}, {"start": "00:50:36", "end": "00:50:39", "text": ">> I saw face was in a short. I was just so"}, {"start": "00:50:37", "end": "00:50:41", "text": "busy setting everything up, I didn't get"}, {"start": "00:50:39", "end": "00:50:43", "text": "any trades in, but I saw faces in a"}, {"start": "00:50:41", "end": "00:50:45", "text": "short. I don't know if he killed it or"}, {"start": "00:50:43", "end": "00:50:48", "text": "not yet, but this thing looks very"}, {"start": "00:50:45", "end": "00:50:51", "text": "magnetized to find out if 70k is going"}, {"start": "00:50:48", "end": "00:50:53", "text": "to be a a support spot this week."}, {"start": "00:50:51", "end": "00:50:55", "text": "Honestly, it's, you know, it's playing"}, {"start": "00:50:53", "end": "00:50:59", "text": "out. We haven't lost massive amounts of"}, {"start": "00:50:55", "end": "00:51:03", "text": "support, but I'm really watching 70 and"}, {"start": "00:50:59", "end": "00:51:04", "text": "then 65. Um, that ascending wedge, I"}, {"start": "00:51:03", "end": "00:51:06", "text": "think Dy had this on his Bitcoin chart"}, {"start": "00:51:04", "end": "00:51:08", "text": "like a long time ago. That ascending"}, {"start": "00:51:06", "end": "00:51:11", "text": "wedge is definitely playing out. So,"}, {"start": "00:51:08", "end": "00:51:13", "text": "we're below the floor of the channel and"}, {"start": "00:51:11", "end": "00:51:14", "text": "we're going to find out u if 70 that"}, {"start": "00:51:13", "end": "00:51:16", "text": "psychological spark. You know what?"}, {"start": "00:51:14", "end": "00:51:18", "text": "While we're doing this, let's go to coin"}, {"start": "00:51:16", "end": "00:51:22", "text": "glass because I'm going to be trading"}, {"start": "00:51:18", "end": "00:51:24", "text": "later today after I figure out that AI"}, {"start": "00:51:22", "end": "00:51:25", "text": "supercomputer thing. I'll probably get"}, {"start": "00:51:24", "end": "00:51:28", "text": "some work done on it. I don't expect it"}, {"start": "00:51:25", "end": "00:51:29", "text": "to be completely, you know, finished."}, {"start": "00:51:28", "end": "00:51:30", "text": "Um,"}, {"start": "00:51:29", "end": "00:51:32", "text": ">> and some of this is going to translate"}, {"start": "00:51:30", "end": "00:51:34", "text": "into applications for you guys and"}, {"start": "00:51:32", "end": "00:51:36", "text": "stuff, too. We're doing a lot on macro"}, {"start": "00:51:34", "end": "00:51:37", "text": "data and pulling in ETF flows and all"}, {"start": "00:51:36", "end": "00:51:40", "text": "that sort of stuff, too. So, we're going"}, {"start": "00:51:37", "end": "00:51:43", "text": "to build a nice uh DC intelligence hub"}, {"start": "00:51:40", "end": "00:51:44", "text": "for you guys to uh be able to look at a"}, {"start": "00:51:43", "end": "00:51:44", "text": "lot of the same data that we do to make"}, {"start": "00:51:44", "end": "00:51:47", "text": "trading."}, {"start": "00:51:44", "end": "00:51:49", "text": ">> Yeah, this velocity like longs keep"}, {"start": "00:51:47", "end": "00:51:50", "text": "piling up and it keeps getting more food"}, {"start": "00:51:49", "end": "00:51:52", "text": "right in front of it, right? Even though"}, {"start": "00:51:50", "end": "00:51:56", "text": "it's, you know, you would think we get a"}, {"start": "00:51:52", "end": "00:51:57", "text": "bounce up to like 73 to eat this."}, {"start": "00:51:56", "end": "00:51:59", "text": "I don't know. It looks like a lot of"}, {"start": "00:51:57", "end": "00:52:01", "text": "people are de-risking because and I"}, {"start": "00:51:59", "end": "00:52:02", "text": "think what I was talking about at the"}, {"start": "00:52:01", "end": "00:52:04", "text": "beginning of the show, the lack of"}, {"start": "00:52:02", "end": "00:52:05", "text": "expectation that peace is going to be a"}, {"start": "00:52:04", "end": "00:52:06", "text": "thing. Mhm."}, {"start": "00:52:05", "end": "00:52:08", "text": ">> You know, people are realizing it's a"}, {"start": "00:52:06", "end": "00:52:10", "text": "little bit longer term, but it is kind"}, {"start": "00:52:08", "end": "00:52:14", "text": "of odd that Bitcoin has been shown to be"}, {"start": "00:52:10", "end": "00:52:16", "text": "this way to get around dollar dominance"}, {"start": "00:52:14", "end": "00:52:18", "text": "and it's still being sold off out of"}, {"start": "00:52:16", "end": "00:52:20", "text": "fear. You know what I mean? It's well,"}, {"start": "00:52:18", "end": "00:52:22", "text": "you have to remember it's still very"}, {"start": "00:52:20", "end": "00:52:23", "text": "small, you know, in the grand scheme. I"}, {"start": "00:52:22", "end": "00:52:25", "text": "mean, Bitcoin's come a long way in the"}, {"start": "00:52:23", "end": "00:52:26", "text": "time that we've been here, but as a"}, {"start": "00:52:25", "end": "00:52:29", "text": "global commodity, as a global asset, I"}, {"start": "00:52:26", "end": "00:52:31", "text": "mean, it is getting fairly sizable, but"}, {"start": "00:52:29", "end": "00:52:32", "text": "it's the players that are involved can"}, {"start": "00:52:31", "end": "00:52:36", "text": "still move the price pretty easily, and"}, {"start": "00:52:32", "end": "00:52:38", "text": "it's not as impacted by retail as we'd"}, {"start": "00:52:36", "end": "00:52:41", "text": "like to believe, right? Um,"}, {"start": "00:52:38", "end": "00:52:45", "text": ">> yeah, the idea that retail is moving the"}, {"start": "00:52:41", "end": "00:52:46", "text": "ball around on a $ 1.5 trillion asset,"}, {"start": "00:52:45", "end": "00:52:48", "text": ">> right? Well, it's like the same people"}, {"start": "00:52:46", "end": "00:52:50", "text": "are talking about retail move in gold"}, {"start": "00:52:48", "end": "00:52:52", "text": "and it it impacts it some, but generally"}, {"start": "00:52:50", "end": "00:52:53", "text": "they're just the pressure right at the"}, {"start": "00:52:52", "end": "00:52:54", "text": "top and they're getting, you know,"}, {"start": "00:52:53", "end": "00:52:56", "text": "manipulated like crazy."}, {"start": "00:52:54", "end": "00:52:59", "text": ">> Look at how much like on the 3-day"}, {"start": "00:52:56", "end": "00:53:01", "text": "though, we are running out of"}, {"start": "00:52:59", "end": "00:53:02", "text": "Let's look a little deeper on this the"}, {"start": "00:53:01", "end": "00:53:03", "text": "weekly and let's make sure we're on"}, {"start": "00:53:02", "end": "00:53:08", "text": "symbols so we're getting all the"}, {"start": "00:53:03", "end": "00:53:09", "text": "information here. I might uh"}, {"start": "00:53:08", "end": "00:53:10", "text": ">> look for a long at 70."}, {"start": "00:53:09", "end": "00:53:13", "text": ">> Yeah, I mean it's kind of running out of"}, {"start": "00:53:10", "end": "00:53:15", "text": "food downtown here. Let's see here."}, {"start": "00:53:13", "end": "00:53:18", "text": "That's a monthly. Yeah, but these get"}, {"start": "00:53:15", "end": "00:53:20", "text": "less the longer the time frame, the less"}, {"start": "00:53:18", "end": "00:53:22", "text": ">> less likely within the day, right?"}, {"start": "00:53:20", "end": "00:53:25", "text": "Within the day."}, {"start": "00:53:22", "end": "00:53:28", "text": ">> I mean, we are more so like the guts of"}, {"start": "00:53:25", "end": "00:53:30", "text": "this. Yeah. 70 and a half. 70 and a half"}, {"start": "00:53:28", "end": "00:53:32", "text": "looks like uh something like with the"}, {"start": "00:53:30", "end": "00:53:33", "text": "velocity we're falling right now. I"}, {"start": "00:53:32", "end": "00:53:35", "text": ">> look at Yeah. And look at what is that"}, {"start": "00:53:33", "end": "00:53:38", "text": "bright yellow to the upside that"}, {"start": "00:53:35", "end": "00:53:40", "text": ">> uh this is about 73 right about 73. So a"}, {"start": "00:53:38", "end": "00:53:42", "text": "little and this would be turbulent zone"}, {"start": "00:53:40", "end": "00:53:46", "text": "anyways. So, if I can catch along here,"}, {"start": "00:53:42", "end": "00:53:48", "text": "set the stop at under 70,500"}, {"start": "00:53:46", "end": "00:53:50", "text": "and then see just a even if it's a"}, {"start": "00:53:48", "end": "00:53:52", "text": "deadcat bounce, flipping it when we run"}, {"start": "00:53:50", "end": "00:53:54", "text": "into this shelf would make a whole hell"}, {"start": "00:53:52", "end": "00:53:57", "text": "of a lot of sense for so I'll be looking"}, {"start": "00:53:54", "end": "00:54:00", "text": "at that after we uh hop. I got to cover"}, {"start": "00:53:57", "end": "00:54:02", "text": "this though. Coinbase taking over India,"}, {"start": "00:54:00", "end": "00:54:05", "text": ">> right? They're launching Indian rupee"}, {"start": "00:54:02", "end": "00:54:09", "text": "rails with per access in an expansion"}, {"start": "00:54:05", "end": "00:54:11", "text": "push. Now, it's a statement shared with"}, {"start": "00:54:09", "end": "00:54:14", "text": "the blog on Monday. exchange said Indian"}, {"start": "00:54:11", "end": "00:54:16", "text": "users can now uh basically deposit and"}, {"start": "00:54:14", "end": "00:54:17", "text": "withdraw rupees directly from the bank"}, {"start": "00:54:16", "end": "00:54:19", "text": "accounts through an intermediate payment"}, {"start": "00:54:17", "end": "00:54:21", "text": "service without needing to rely on"}, {"start": "00:54:19", "end": "00:54:24", "text": "peer-to-peer rails or intermediaries."}, {"start": "00:54:21", "end": "00:54:26", "text": "The NASDAQ company also said has"}, {"start": "00:54:24", "end": "00:54:28", "text": "established INR orderbooks uh to provide"}, {"start": "00:54:26", "end": "00:54:31", "text": "dedicated liquidity to users in the"}, {"start": "00:54:28", "end": "00:54:33", "text": "country. Um in addition to spot trading,"}, {"start": "00:54:31", "end": "00:54:35", "text": "the per futures contracts cover major"}, {"start": "00:54:33", "end": "00:54:38", "text": "crypto assets for Indian customers. This"}, {"start": "00:54:35", "end": "00:54:41", "text": "is kind of interesting the the bigger"}, {"start": "00:54:38", "end": "00:54:44", "text": "India push for Coinbase. I do while I'm"}, {"start": "00:54:41", "end": "00:54:45", "text": "reading this I Let's go see the coin"}, {"start": "00:54:44", "end": "00:54:47", "text": "stock price here,"}, {"start": "00:54:45", "end": "00:54:48", "text": ">> right? That's I mean it's probably down"}, {"start": "00:54:47", "end": "00:54:50", "text": "just like everything else. Yeah,"}, {"start": "00:54:48", "end": "00:54:52", "text": ">> dude. I might have to buy this."}, {"start": "00:54:50", "end": "00:54:54", "text": ">> You know, crypto I mean just like"}, {"start": "00:54:52", "end": "00:54:56", "text": "anything, everything's down, but like"}, {"start": "00:54:54", "end": "00:54:57", "text": "Yeah, crypto stocks, coins, strate"}, {"start": "00:54:56", "end": "00:54:59", "text": "strategy. I don't know. I haven't looked"}, {"start": "00:54:57", "end": "00:55:01", "text": "at it lately. It's recovered from its"}, {"start": "00:54:59", "end": "00:55:04", "text": "bottom. I think it got sub 100."}, {"start": "00:55:01", "end": "00:55:05", "text": ">> Yeah, this thing is"}, {"start": "00:55:04", "end": "00:55:09", "text": ">> 150 now. still climbing. But"}, {"start": "00:55:05", "end": "00:55:12", "text": ">> honestly, coin probably has very solid"}, {"start": "00:55:09", "end": "00:55:14", "text": "support at 150 and it's only 180. Hasn't"}, {"start": "00:55:12", "end": "00:55:16", "text": "really popped off of this. I got to"}, {"start": "00:55:14", "end": "00:55:17", "text": "bring this up to my wife for our stock"}, {"start": "00:55:16", "end": "00:55:17", "text": "portfolio."}, {"start": "00:55:17", "end": "00:55:20", "text": ">> Yeah."}, {"start": "00:55:17", "end": "00:55:21", "text": ">> Yeah. I want to get some coin stuff. Uh"}, {"start": "00:55:20", "end": "00:55:23", "text": "but you know,"}, {"start": "00:55:21", "end": "00:55:23", "text": ">> she's the oracle of Aworth, right?"}, {"start": "00:55:23", "end": "00:55:25", "text": ">> Yeah."}, {"start": "00:55:23", "end": "00:55:26", "text": ">> Oracle of Omaha. But"}, {"start": "00:55:25", "end": "00:55:28", "text": ">> yeah, it was so funny when I posted my"}, {"start": "00:55:26", "end": "00:55:30", "text": "anniversary, everyone's like the amazing"}, {"start": "00:55:28", "end": "00:55:32", "text": "Oracle. What's the next price action?"}, {"start": "00:55:30", "end": "00:55:34", "text": "You know, I showed her all those"}, {"start": "00:55:32", "end": "00:55:36", "text": "comments. She was laughing. Um, Coinbase"}, {"start": "00:55:34", "end": "00:55:39", "text": "moving into India for per fine. You"}, {"start": "00:55:36", "end": "00:55:41", "text": "know, India kind of notorious. This"}, {"start": "00:55:39", "end": "00:55:44", "text": "reminds me of something I saw on the uh"}, {"start": "00:55:41", "end": "00:55:46", "text": "Do you remember this guy? Do you do you"}, {"start": "00:55:44", "end": "00:55:49", "text": "remember? Do you know who this is?"}, {"start": "00:55:46", "end": "00:55:50", "text": "This can't remember."}, {"start": "00:55:49", "end": "00:55:52", "text": ">> I can't see enough of them."}, {"start": "00:55:50", "end": "00:55:54", "text": ">> All right, we're going to play this just"}, {"start": "00:55:52", "end": "00:55:55", "text": "really quickly. And if you got children"}, {"start": "00:55:54", "end": "00:56:00", "text": "in the room, cover their ear."}, {"start": "00:55:55", "end": "00:56:01", "text": ">> HEY, YOU [�__�] YOU LISTEN TO ME. Do not"}, {"start": "00:56:00", "end": "00:56:03", "text": ">> DO NOT REDEEM THE CARD."}, {"start": "00:56:01", "end": "00:56:05", "text": ">> WHAT? DO NOT REDEEM CARDS."}, {"start": "00:56:03", "end": "00:56:07", "text": ">> YES, I'M REDEEMING THE CARD. I'M"}, {"start": "00:56:05", "end": "00:56:09", "text": "redeeming the cards."}, {"start": "00:56:07", "end": "00:56:12", "text": ">> Okay."}, {"start": "00:56:09", "end": "00:56:14", "text": ">> No,"}, {"start": "00:56:12", "end": "00:56:17", "text": ">> I I thought of this because I saw after"}, {"start": "00:56:14", "end": "00:56:19", "text": "the Coinbase India news, crypto exploit"}, {"start": "00:56:17", "end": "00:56:20", "text": "losses fall by over 90%."}, {"start": "00:56:19", "end": "00:56:21", "text": ">> Well, you got to tell everybody what"}, {"start": "00:56:20", "end": "00:56:22", "text": "that was before you just move on. For if"}, {"start": "00:56:21", "end": "00:56:25", "text": "you don't know who"}, {"start": "00:56:22", "end": "00:56:28", "text": ">> Kabooya, Kabooya is his name, right?"}, {"start": "00:56:25", "end": "00:56:31", "text": ">> He used to crank call the Indian"}, {"start": "00:56:28", "end": "00:56:33", "text": "scammers. He was a he is still a hero"}, {"start": "00:56:31", "end": "00:56:35", "text": "among retail because he was out there"}, {"start": "00:56:33", "end": "00:56:38", "text": "like saving grandmas from getting"}, {"start": "00:56:35", "end": "00:56:40", "text": "emptied out. And eventually, you know,"}, {"start": "00:56:38", "end": "00:56:42", "text": "I've seen a lot of cops actually kind of"}, {"start": "00:56:40", "end": "00:56:44", "text": "catch on to this. They would send a"}, {"start": "00:56:42", "end": "00:56:46", "text": "grandma to, you know, like a Target and"}, {"start": "00:56:44", "end": "00:56:48", "text": "make them get a bunch of gift cards,"}, {"start": "00:56:46", "end": "00:56:51", "text": "make them do all these weird gymnastics"}, {"start": "00:56:48", "end": "00:56:54", "text": "to basically steal their retirement"}, {"start": "00:56:51", "end": "00:56:56", "text": "money. M and it bled into Bitcoin"}, {"start": "00:56:54", "end": "00:56:58", "text": "because, you know, the the call center"}, {"start": "00:56:56", "end": "00:57:00", "text": "scammers would send people to the uh"}, {"start": "00:56:58", "end": "00:57:02", "text": "Bitcoin ATMs. That's another reason why"}, {"start": "00:57:00", "end": "00:57:04", "text": "I didn't shed a tear at all about the"}, {"start": "00:57:02", "end": "00:57:05", "text": "Bitcoin ATMs because it's just been like"}, {"start": "00:57:04", "end": "00:57:06", "text": "an access point for grandmas to get"}, {"start": "00:57:05", "end": "00:57:08", "text": "scammed."}, {"start": "00:57:06", "end": "00:57:11", "text": ">> Yeah. I I Yeah. Too many people I've t"}, {"start": "00:57:08", "end": "00:57:12", "text": "I've literally seen somebody that was"}, {"start": "00:57:11", "end": "00:57:13", "text": "like, \"What are you doing over here?\""}, {"start": "00:57:12", "end": "00:57:14", "text": "and like tried to help him understand"}, {"start": "00:57:13", "end": "00:57:16", "text": "his Bitcoin. Yeah."}, {"start": "00:57:14", "end": "00:57:16", "text": ">> And he Yeah. He was there was no"}, {"start": "00:57:16", "end": "00:57:20", "text": "stopping him."}, {"start": "00:57:16", "end": "00:57:24", "text": ">> Yeah. So that being said, we have seen a"}, {"start": "00:57:20", "end": "00:57:24", "text": "downturn of crypto exploit losses over"}, {"start": "00:57:24", "end": "00:57:26", "text": "the month."}, {"start": "00:57:24", "end": "00:57:26", "text": ">> Yeah, everybody's broke. There's nothing"}, {"start": "00:57:26", "end": "00:57:28", "text": "to steal."}, {"start": "00:57:26", "end": "00:57:30", "text": ">> Yeah, there's nothing to steal, right?"}, {"start": "00:57:28", "end": "00:57:31", "text": "It's like, I heard you're in crypto and"}, {"start": "00:57:30", "end": "00:57:32", "text": "you made millions. What are you talking"}, {"start": "00:57:31", "end": "00:57:34", "text": "about? I had to ask my mom to pay"}, {"start": "00:57:32", "end": "00:57:35", "text": ">> now. Yeah. Now, oh, I heard you're in"}, {"start": "00:57:34", "end": "00:57:38", "text": "crypto. They're like, oh, I'm so sorry."}, {"start": "00:57:35", "end": "00:57:40", "text": "Are you okay?"}, {"start": "00:57:38", "end": "00:57:40", "text": ">> This is our bare market. Let me enjoy"}, {"start": "00:57:40", "end": "00:57:42", "text": "this."}, {"start": "00:57:40", "end": "00:57:44", "text": ">> I don't think are you is everything okay"}, {"start": "00:57:42", "end": "00:57:45", "text": "with"}, {"start": "00:57:44", "end": "00:57:47", "text": "real?"}, {"start": "00:57:45", "end": "00:57:49", "text": ">> Yeah. did Kit Buoya as the name. Great,"}, {"start": "00:57:47", "end": "00:57:51", "text": "great channel. If you're feeling down"}, {"start": "00:57:49", "end": "00:57:54", "text": "about stuff, just remember it can always"}, {"start": "00:57:51", "end": "00:57:56", "text": "get worse, right? Um, so nice to see"}, {"start": "00:57:54", "end": "00:57:58", "text": "that we're not being robbed because"}, {"start": "00:57:56", "end": "00:58:01", "text": "there's nothing to rob really. Um,"}, {"start": "00:57:58", "end": "00:58:04", "text": "really the exciting part about this is"}, {"start": "00:58:01", "end": "00:58:06", "text": "my trading. I am getting excited to go"}, {"start": "00:58:04", "end": "00:58:08", "text": "get near 70,000 bucks for Bitcoin to"}, {"start": "00:58:06", "end": "00:58:09", "text": "find out if that's a bounce point"}, {"start": "00:58:08", "end": "00:58:11", "text": "because if I can get one of these"}, {"start": "00:58:09", "end": "00:58:13", "text": "Bitcoin longs into position and we"}, {"start": "00:58:11", "end": "00:58:16", "text": "actually do bounce with conviction off"}, {"start": "00:58:13", "end": "00:58:18", "text": "this midpoint of the W pattern, that"}, {"start": "00:58:16", "end": "00:58:20", "text": "thing could run even with a failed"}, {"start": "00:58:18", "end": "00:58:21", "text": "breakout. I mean, God, what is that?"}, {"start": "00:58:20", "end": "00:58:23", "text": "Let's see here."}, {"start": "00:58:21", "end": "00:58:24", "text": ">> You think we touch 69?"}, {"start": "00:58:23", "end": "00:58:26", "text": ">> We might. Yeah,"}, {"start": "00:58:24", "end": "00:58:30", "text": ">> we absolutely might. If I could grab,"}, {"start": "00:58:26", "end": "00:58:32", "text": "you know, 16% on the trade, that's I'm"}, {"start": "00:58:30", "end": "00:58:34", "text": "gonna pick up that RV tomorrow. You know"}, {"start": "00:58:32", "end": "00:58:37", "text": "what I mean? Like, dude,"}, {"start": "00:58:34", "end": "00:58:38", "text": ">> and again, that's why, uh, you know,"}, {"start": "00:58:37", "end": "00:58:40", "text": "building skills and learning how to"}, {"start": "00:58:38", "end": "00:58:42", "text": "trade is so valuable. If you guys aren't"}, {"start": "00:58:40", "end": "00:58:44", "text": "in our Discord yet, uh, the link is in"}, {"start": "00:58:42", "end": "00:58:45", "text": "the description. Jump in there. There's"}, {"start": "00:58:44", "end": "00:58:47", "text": "plenty of people trading all the time,"}, {"start": "00:58:45", "end": "00:58:50", "text": "tons of great data, professional traders"}, {"start": "00:58:47", "end": "00:58:52", "text": "sharing their trades. John Dalton, like"}, {"start": "00:58:50", "end": "00:58:54", "text": "same thing. If you like stocks, he's put"}, {"start": "00:58:52", "end": "00:58:56", "text": "some killer setups in there on"}, {"start": "00:58:54", "end": "00:58:58", "text": "incredible stocks. It was and really and"}, {"start": "00:58:56", "end": "00:58:59", "text": "he shares his thought process too. He's"}, {"start": "00:58:58", "end": "00:59:01", "text": "got a really interesting theory on"}, {"start": "00:58:59", "end": "00:59:03", "text": "Blackberry, one of the most beaten down"}, {"start": "00:59:01", "end": "00:59:04", "text": "stocks ever making like he's got a a"}, {"start": "00:59:03", "end": "00:59:05", "text": "target on it and a comeback. Really?"}, {"start": "00:59:04", "end": "00:59:08", "text": "Yeah. Because they're doing stuff in"}, {"start": "00:59:05", "end": "00:59:10", "text": "robotics and it's pretty interesting. So"}, {"start": "00:59:08", "end": "00:59:11", "text": "there's stock stuff in there obviously."}, {"start": "00:59:10", "end": "00:59:13", "text": "Drew's in there trading all the time."}, {"start": "00:59:11", "end": "00:59:15", "text": "We've got the quant posting shorts in"}, {"start": "00:59:13", "end": "00:59:17", "text": "there and longs, all that sort of stuff."}, {"start": "00:59:15", "end": "00:59:18", "text": "So, and just the community if you want"}, {"start": "00:59:17", "end": "00:59:20", "text": "to learn how to trade,"}, {"start": "00:59:18", "end": "00:59:22", "text": ">> doing it alone sucks. Doing it with"}, {"start": "00:59:20", "end": "00:59:24", "text": "other people is a lot more fun. So, oh"}, {"start": "00:59:22", "end": "00:59:25", "text": "yeah, get in there. I'll uh actually let"}, {"start": "00:59:24", "end": "00:59:26", "text": "me go grab the link right now. I'll drop"}, {"start": "00:59:25", "end": "00:59:28", "text": "it in the chat."}, {"start": "00:59:26", "end": "00:59:30", "text": ">> Yeah. And I'm I'm in there, you know,"}, {"start": "00:59:28", "end": "00:59:32", "text": "we'll we'll put in trades and uh I'll"}, {"start": "00:59:30", "end": "00:59:34", "text": "kind of explain my thought process, but"}, {"start": "00:59:32", "end": "00:59:37", "text": "I also do shop Facebook marketplace"}, {"start": "00:59:34", "end": "00:59:38", "text": "pretty vigorously as I'm trading. I'm"}, {"start": "00:59:37", "end": "00:59:41", "text": "not going to lie. Uh we can kind of hang"}, {"start": "00:59:38", "end": "00:59:43", "text": "out. Um I like the crowd's song"}, {"start": "00:59:41", "end": "00:59:46", "text": "suggestions, too. In the Discord, I can"}, {"start": "00:59:43", "end": "00:59:47", "text": "play whatever songs I want and not have"}, {"start": "00:59:46", "end": "00:59:49", "text": "to worry about getting dings on the"}, {"start": "00:59:47", "end": "00:59:53", "text": "YouTube channel. You know, it's kind of"}, {"start": "00:59:49", "end": "00:59:55", "text": "a a free rule in place. But today it"}, {"start": "00:59:53", "end": "00:59:58", "text": "feels like more outflows are likely to"}, {"start": "00:59:55", "end": "01:00:02", "text": "going to be uh solidified on those ETFs."}, {"start": "00:59:58", "end": "01:00:04", "text": "Um I do want to actually I'm not logged"}, {"start": "01:00:02", "end": "01:00:05", "text": "into my trading view but I'm going to"}, {"start": "01:00:04", "end": "01:00:06", "text": "pull up market cipher B in that trading"}, {"start": "01:00:05", "end": "01:00:06", "text": "room."}, {"start": "01:00:06", "end": "01:00:09", "text": ">> Okay."}, {"start": "01:00:06", "end": "01:00:13", "text": ">> And see where the 4 hour is because I"}, {"start": "01:00:09", "end": "01:00:15", "text": "know DZ has what is this the Vu Manu?"}, {"start": "01:00:13", "end": "01:00:16", "text": "See what the Vu Manchu is showing here."}, {"start": "01:00:15", "end": "01:00:17", "text": "This is kind of similar."}, {"start": "01:00:16", "end": "01:00:18", "text": ">> So upset."}, {"start": "01:00:17", "end": "01:00:19", "text": ">> Oh he's gonna be fun."}, {"start": "01:00:18", "end": "01:00:21", "text": ">> We'll have to get him on the channel. So"}, {"start": "01:00:19", "end": "01:00:23", "text": "or do get him on get on."}, {"start": "01:00:21", "end": "01:00:24", "text": ">> We've been doing those spaces a lot."}, {"start": "01:00:23", "end": "01:00:25", "text": ">> Spaces. Yeah. If you guys aren't"}, {"start": "01:00:24", "end": "01:00:28", "text": "listening, we have great spaces on"}, {"start": "01:00:25", "end": "01:00:31", "text": "Thursday nights cryptox channel."}, {"start": "01:00:28", "end": "01:00:33", "text": ">> I think the 4hour I got to compare this"}, {"start": "01:00:31", "end": "01:00:35", "text": "to the market cyber, but we are very"}, {"start": "01:00:33", "end": "01:00:37", "text": "very beat down on the 4 hour. And even"}, {"start": "01:00:35", "end": "01:00:39", "text": "if it is a deadcat bounce, what is this?"}, {"start": "01:00:37", "end": "01:00:41", "text": "The last time we hit this, we ran up"}, {"start": "01:00:39", "end": "01:00:43", "text": "pretty decent"}, {"start": "01:00:41", "end": "01:00:45", "text": "uh by about like 2%."}, {"start": "01:00:43", "end": "01:00:47", "text": "And the time before we had a much better"}, {"start": "01:00:45", "end": "01:00:50", "text": "bounce out of this 4 hour selloff wave"}, {"start": "01:00:47", "end": "01:00:52", "text": "by about like five four and a half%."}, {"start": "01:00:50", "end": "01:00:54", "text": "This the bounce point is getting near"}, {"start": "01:00:52", "end": "01:00:57", "text": "though. Like even if it is a failed"}, {"start": "01:00:54", "end": "01:00:59", "text": "bounce, the bounce point is getting"}, {"start": "01:00:57", "end": "01:01:02", "text": "near. So that's kind of what I'm"}, {"start": "01:00:59", "end": "01:01:05", "text": "watching is between 70 to uh about"}, {"start": "01:01:02", "end": "01:01:07", "text": "71,000 and we're getting very very close"}, {"start": "01:01:05", "end": "01:01:10", "text": "to that 71 flat. Did we get there while"}, {"start": "01:01:07", "end": "01:01:11", "text": "I was yapping? God, we had 70,940"}, {"start": "01:01:10", "end": "01:01:13", "text": "uh just a minute ago."}, {"start": "01:01:11", "end": "01:01:14", "text": ">> Get in there. Get in there, get your"}, {"start": "01:01:13", "end": "01:01:16", "text": "praise going, get in the trading room."}, {"start": "01:01:14", "end": "01:01:18", "text": "Uh we love all you guys. Uh that's again"}, {"start": "01:01:16", "end": "01:01:20", "text": "why you want to learn how to trade is"}, {"start": "01:01:18", "end": "01:01:21", "text": "you can make money up, down, sideways."}, {"start": "01:01:20", "end": "01:01:22", "text": "You know, if you want to run liquidity"}, {"start": "01:01:21", "end": "01:01:24", "text": "pools, there's plenty of ways out there"}, {"start": "01:01:22", "end": "01:01:27", "text": "in the world to make money today. Uh"}, {"start": "01:01:24", "end": "01:01:29", "text": "don't be a victim. Don't be a crybaby."}, {"start": "01:01:27", "end": "01:01:30", "text": "Uh get out there and make an impact,"}, {"start": "01:01:29", "end": "01:01:32", "text": "change your life, you can do it. We've"}, {"start": "01:01:30", "end": "01:01:34", "text": "done it. You can do it, too."}, {"start": "01:01:32", "end": "01:01:35", "text": ">> Not guarantee."}, {"start": "01:01:34", "end": "01:01:37", "text": ">> We just wanted to take a quick second to"}, {"start": "01:01:35", "end": "01:01:39", "text": "shout out our sponsor, Arculus. They are"}, {"start": "01:01:37", "end": "01:01:41", "text": "a cold storage hardware wallet. Helps"}, {"start": "01:01:39", "end": "01:01:42", "text": "you secure all of your digital assets"}, {"start": "01:01:41", "end": "01:01:44", "text": "for the future. Just tap this thing to"}, {"start": "01:01:42", "end": "01:01:45", "text": "the back of your phone and boom, you're"}, {"start": "01:01:44", "end": "01:01:47", "text": "in. We wouldn't be able to do this"}, {"start": "01:01:45", "end": "01:01:49", "text": "without them, but also wouldn't be able"}, {"start": "01:01:47", "end": "01:01:50", "text": "to do this without you guys, the Disco"}, {"start": "01:01:49", "end": "01:01:52", "text": "Fam. You've supported us a lot over the"}, {"start": "01:01:50", "end": "01:01:54", "text": "years. If you want to support the"}, {"start": "01:01:52", "end": "01:01:57", "text": "channel now, just use the code DC20. It"}, {"start": "01:01:54", "end": "01:01:58", "text": "gets you 20% off this card. It's the"}, {"start": "01:01:57", "end": "01:02:00", "text": "number one way you can support this"}, {"start": "01:01:58", "end": "01:02:04", "text": "channel going forward. Thank you for"}, {"start": "01:02:00", "end": "01:02:04", "text": "your support. We'll see you at the top."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "When will the Bitcoin bear market end?"}, {"start": "00:00:02", "end": "00:00:06", "text": "That's what every trader wants to know."}, {"start": "00:00:03", "end": "00:00:07", "text": "Typically, it's 1 year after the peak."}, {"start": "00:00:06", "end": "00:00:09", "text": "Well, I'm here to tell you that the"}, {"start": "00:00:07", "end": "00:00:11", "text": "Bitcoin bear market will end sooner than"}, {"start": "00:00:09", "end": "00:00:12", "text": "people expect, and I have the data, so"}, {"start": "00:00:11", "end": "00:00:14", "text": "let's get right into it. Now, what I"}, {"start": "00:00:12", "end": "00:00:16", "text": "have found is more accurate than the"}, {"start": "00:00:14", "end": "00:00:18", "text": "typical cycle top to cycle bottom math"}, {"start": "00:00:16", "end": "00:00:20", "text": "that you normally see. Normally, people"}, {"start": "00:00:18", "end": "00:00:24", "text": "just measure Well, how long is this?"}, {"start": "00:00:20", "end": "00:00:25", "text": "This is the 2017 target 364 days. And"}, {"start": "00:00:24", "end": "00:00:27", "text": "so, a lot of people are like, well, you"}, {"start": "00:00:25", "end": "00:00:28", "text": "know, normally, it's about that, but"}, {"start": "00:00:27", "end": "00:00:30", "text": "that's not always the case. If we go to"}, {"start": "00:00:28", "end": "00:00:34", "text": "the cycle before then,"}, {"start": "00:00:30", "end": "00:00:35", "text": "you can see this was actually 413 days."}, {"start": "00:00:34", "end": "00:00:37", "text": "So, this this is off by, you know,"}, {"start": "00:00:35", "end": "00:00:39", "text": "months and months. But, the metric that"}, {"start": "00:00:37", "end": "00:00:41", "text": "I have found has shortened the window to"}, {"start": "00:00:39", "end": "00:00:44", "text": "1 week, and I'm not even kidding. Using"}, {"start": "00:00:41", "end": "00:00:47", "text": "my metric, this was a 48-week bear"}, {"start": "00:00:44", "end": "00:00:49", "text": "market cycle. This was a 47-week bear"}, {"start": "00:00:47", "end": "00:00:51", "text": "market cycle, and this is a 49-week bear"}, {"start": "00:00:49", "end": "00:00:55", "text": "market cycle. So, all of them are within"}, {"start": "00:00:51", "end": "00:00:56", "text": "1 week of 48 weeks. But, what exactly am"}, {"start": "00:00:55", "end": "00:00:58", "text": "I talking about? Well, I'm talking about"}, {"start": "00:00:56", "end": "00:01:00", "text": "this red line. This red line is"}, {"start": "00:00:58", "end": "00:01:01", "text": "important for the metric that we're"}, {"start": "00:01:00", "end": "00:01:04", "text": "looking at. And this red line is just"}, {"start": "00:01:01", "end": "00:01:07", "text": "simply the EMA for the 20-week moving"}, {"start": "00:01:04", "end": "00:01:09", "text": "average. So, this is the 20-week EMA. We"}, {"start": "00:01:07", "end": "00:01:11", "text": "could plot the 20, the 50, the 100, the"}, {"start": "00:01:09", "end": "00:01:13", "text": "200. Right now, we're just plotting the"}, {"start": "00:01:11", "end": "00:01:16", "text": "20-week moving average. Now, what you'll"}, {"start": "00:01:13", "end": "00:01:18", "text": "notice is we normally crash below the"}, {"start": "00:01:16", "end": "00:01:20", "text": "20-week moving average, and we can use"}, {"start": "00:01:18", "end": "00:01:21", "text": "that data point for the starting point"}, {"start": "00:01:20", "end": "00:01:24", "text": "for when the bear market's going to end."}, {"start": "00:01:21", "end": "00:01:26", "text": "So, from the cycle top to crashing below"}, {"start": "00:01:24", "end": "00:01:28", "text": "this 20-week moving average, it was 11"}, {"start": "00:01:26", "end": "00:01:31", "text": "weeks later. Now, if we go to the next"}, {"start": "00:01:28", "end": "00:01:34", "text": "cycle, this is 2017, it would only take"}, {"start": "00:01:31", "end": "00:01:36", "text": "5 weeks for us to crash below or dip"}, {"start": "00:01:34", "end": "00:01:38", "text": "below this 20-week moving average. Let's"}, {"start": "00:01:36", "end": "00:01:40", "text": "go to 2021. Now, it has shortened down"}, {"start": "00:01:38", "end": "00:01:43", "text": "to 3 weeks, and if we go to the most"}, {"start": "00:01:40", "end": "00:01:45", "text": "recent top in October 6th, 0 weeks"}, {"start": "00:01:43", "end": "00:01:47", "text": "later. That is right, the same week that"}, {"start": "00:01:45", "end": "00:01:49", "text": "Bitcoin hit an all-time high in October"}, {"start": "00:01:47", "end": "00:01:52", "text": "is the same week it actually dipped"}, {"start": "00:01:49", "end": "00:01:55", "text": "below the 20-week moving average. So,"}, {"start": "00:01:52", "end": "00:01:57", "text": "from 11 to 5 to 3 to 0. But, let's go go"}, {"start": "00:01:55", "end": "00:01:59", "text": "the next phase. When we crash below this"}, {"start": "00:01:57", "end": "00:02:02", "text": "20-week moving average to where we find"}, {"start": "00:01:59", "end": "00:02:05", "text": "a bottom, it is always within 1 week of"}, {"start": "00:02:02", "end": "00:02:07", "text": "48 weeks. So, looking at the 2014, we"}, {"start": "00:02:05", "end": "00:02:11", "text": "crash below right here,"}, {"start": "00:02:07", "end": "00:02:14", "text": "finding a cycle bottom 48 bars, aka 48"}, {"start": "00:02:11", "end": "00:02:15", "text": "weeks later. Now, let's look at 2017."}, {"start": "00:02:14", "end": "00:02:18", "text": "So, you can see the wick right here. We"}, {"start": "00:02:15", "end": "00:02:23", "text": "go below the 20-week moving average. We"}, {"start": "00:02:18", "end": "00:02:23", "text": "find a bottom in 47 weeks, 47 bars."}, {"start": "00:02:24", "end": "00:02:29", "text": "Now, let's look at 2021. 3 weeks after"}, {"start": "00:02:27", "end": "00:02:32", "text": "we topped, we crashed below the 20-week"}, {"start": "00:02:29", "end": "00:02:35", "text": "moving average. Starting here, going"}, {"start": "00:02:32", "end": "00:02:38", "text": "here, 49 weeks later. So, every single"}, {"start": "00:02:35", "end": "00:02:39", "text": "time this has been within 1 week of 48"}, {"start": "00:02:38", "end": "00:02:42", "text": "weeks. So, let's go ahead and do the"}, {"start": "00:02:39", "end": "00:02:43", "text": "math here. 48 weeks later. Now, I said"}, {"start": "00:02:42", "end": "00:02:45", "text": "the bear market bottom is going to be"}, {"start": "00:02:43", "end": "00:02:47", "text": "sooner than people expect. And you can"}, {"start": "00:02:45", "end": "00:02:49", "text": "see why, because we hit the 20-week"}, {"start": "00:02:47", "end": "00:02:51", "text": "moving average the same week we found a"}, {"start": "00:02:49", "end": "00:02:53", "text": "top. And this kind of fits the cycle"}, {"start": "00:02:51", "end": "00:02:55", "text": "thesis that we hit a all-time high"}, {"start": "00:02:53", "end": "00:02:58", "text": "before the halving, which had never been"}, {"start": "00:02:55", "end": "00:02:59", "text": "done before. So, the cycle has been sped"}, {"start": "00:02:58", "end": "00:03:01", "text": "up a little bit. And so, that would make"}, {"start": "00:02:59", "end": "00:03:03", "text": "sense that the bear market bottom has"}, {"start": "00:03:01", "end": "00:03:05", "text": "also been sped up a little bit. So,"}, {"start": "00:03:03", "end": "00:03:07", "text": "let's measure 48 weeks from this wick"}, {"start": "00:03:05", "end": "00:03:08", "text": "right here. So, we got our measuring"}, {"start": "00:03:07", "end": "00:03:11", "text": "tool."}, {"start": "00:03:08", "end": "00:03:14", "text": "48 weeks. Let me slide on over. You can"}, {"start": "00:03:11", "end": "00:03:16", "text": "see the date on the bottom, September"}, {"start": "00:03:14", "end": "00:03:17", "text": "7th, 2026."}, {"start": "00:03:16", "end": "00:03:19", "text": "And so, is September 7th guaranteed to"}, {"start": "00:03:17", "end": "00:03:21", "text": "be the bottom? I would not say that,"}, {"start": "00:03:19", "end": "00:03:23", "text": "because again, it's within 1 week. So,"}, {"start": "00:03:21", "end": "00:03:25", "text": "maybe it's September 1st. Maybe it's"}, {"start": "00:03:23", "end": "00:03:27", "text": "September 14th. But, maybe it's"}, {"start": "00:03:25", "end": "00:03:30", "text": "September 7th, which is going to be sped"}, {"start": "00:03:27", "end": "00:03:32", "text": "up a lot of people thinking Q4 2026. It"}, {"start": "00:03:30", "end": "00:03:34", "text": "just has to happen in October, cuz that"}, {"start": "00:03:32", "end": "00:03:36", "text": "would be 12 months later. This data is"}, {"start": "00:03:34", "end": "00:03:38", "text": "suggesting otherwise, folks. So, you"}, {"start": "00:03:36", "end": "00:03:40", "text": "might see that bear market bottom at"}, {"start": "00:03:38", "end": "00:03:41", "text": "least a month ahead of time. You saw"}, {"start": "00:03:40", "end": "00:03:42", "text": "that, right? Why are you kicking You"}, {"start": "00:03:41", "end": "00:03:44", "text": "know what? TradingView, they're trying"}, {"start": "00:03:42", "end": "00:03:46", "text": "to gatekeep this information. This"}, {"start": "00:03:44", "end": "00:03:47", "text": "information is that powerful. Folks, I'm"}, {"start": "00:03:46", "end": "00:03:49", "text": "Deezy for Discover Crypto. Thank you for"}, {"start": "00:03:47", "end": "00:03:52", "text": "joining, and let me know down below."}, {"start": "00:03:49", "end": "00:03:53", "text": "Type in your date. Type in your date for"}, {"start": "00:03:52", "end": "00:03:56", "text": "the bear market bottom and we will go"}, {"start": "00:03:53", "end": "00:03:57", "text": "back and we'll check the comments. Hey,"}, {"start": "00:03:56", "end": "00:04:00", "text": "10 points for Gryffindor if you guess"}, {"start": "00:03:57", "end": "00:04:00", "text": "right."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Which one's the best crypto asset?"}, {"start": "00:00:03", "end": "00:00:08", "text": "Crypto asset. Which one's the best"}, {"start": "00:00:05", "end": "00:00:10", "text": "crypto asset?"}, {"start": "00:00:08", "end": "00:00:12", "text": "Which one's the best one? The best one."}, {"start": "00:00:10", "end": "00:00:14", "text": "The best one."}, {"start": "00:00:12", "end": "00:00:16", "text": "The best one."}, {"start": "00:00:14", "end": "00:00:18", "text": "The best one."}, {"start": "00:00:16", "end": "00:00:21", "text": "The best one."}, {"start": "00:00:18", "end": "00:00:21", "text": "The best one."}, {"start": "00:00:22", "end": "00:00:26", "text": "What's the second? What's the second?"}, {"start": "00:00:32", "end": "00:00:36", "text": "This is Discover Crypto, where we"}, {"start": "00:00:34", "end": "00:00:39", "text": "discover what it feels like to get"}, {"start": "00:00:36", "end": "00:00:41", "text": "bombed on the crypto market as Trump"}, {"start": "00:00:39", "end": "00:00:44", "text": "makes it very clear that there is no"}, {"start": "00:00:41", "end": "00:00:46", "text": "outlook of peace on the horizon. Prices"}, {"start": "00:00:44", "end": "00:00:48", "text": "are in freef fall right now. Not going"}, {"start": "00:00:46", "end": "00:00:50", "text": "to lie to you. But you know what? I"}, {"start": "00:00:48", "end": "00:00:52", "text": "appreciate that you are spending your"}, {"start": "00:00:50", "end": "00:00:54", "text": "most valuable asset in the world, which"}, {"start": "00:00:52", "end": "00:00:56", "text": "is your time with us here on Discover"}, {"start": "00:00:54", "end": "00:00:58", "text": "Crypto. So, make sure to hit the like,"}, {"start": "00:00:56", "end": "00:00:59", "text": "smash the subscribe button. If you're"}, {"start": "00:00:58", "end": "00:01:01", "text": "just getting involved with crypto,"}, {"start": "00:00:59", "end": "00:01:02", "text": "you're lucky that you haven't been here"}, {"start": "00:01:01", "end": "00:01:06", "text": "for the last few months because it has"}, {"start": "00:01:02", "end": "00:01:07", "text": "been a hell of a ride. Uh, got to say, I"}, {"start": "00:01:06", "end": "00:01:10", "text": "mean, you things are looking a little"}, {"start": "00:01:07", "end": "00:01:12", "text": "grim right now, but there is some silver"}, {"start": "00:01:10", "end": "00:01:13", "text": "lining on the, uh, horizon. I'm joined"}, {"start": "00:01:12", "end": "00:01:14", "text": "here by TJ."}, {"start": "00:01:13", "end": "00:01:15", "text": ">> Hey. Hey."}, {"start": "00:01:14", "end": "00:01:16", "text": ">> Got him out of the AI dungeon. How you"}, {"start": "00:01:15", "end": "00:01:17", "text": "doing, man?"}, {"start": "00:01:16", "end": "00:01:21", "text": ">> I'm doing good. Yeah, I'm out of the AI"}, {"start": "00:01:17", "end": "00:01:23", "text": "the AI hole for a while. Dezy is out for"}, {"start": "00:01:21", "end": "00:01:26", "text": "the weekend. Uh, and yeah, so you got"}, {"start": "00:01:23", "end": "00:01:29", "text": "the you got the the Drew TJ combo here."}, {"start": "00:01:26", "end": "00:01:32", "text": "And uh like you mentioned, crypto never"}, {"start": "00:01:29", "end": "00:01:34", "text": "boring. Uh sometimes fun, but often"}, {"start": "00:01:32", "end": "00:01:37", "text": "depressing. And today is one of those"}, {"start": "00:01:34", "end": "00:01:39", "text": "days where it's just like, man,"}, {"start": "00:01:37", "end": "00:01:41", "text": ">> it's good. I'm I'm I'm actually really"}, {"start": "00:01:39", "end": "00:01:42", "text": "enjoying the I love bare markets,"}, {"start": "00:01:41", "end": "00:01:43", "text": "believe it or not, and the quiet."}, {"start": "00:01:42", "end": "00:01:46", "text": ">> Yeah."}, {"start": "00:01:43", "end": "00:01:48", "text": ">> And the time to accumulate and work on"}, {"start": "00:01:46", "end": "00:01:49", "text": "new things. And we've got a lot in the"}, {"start": "00:01:48", "end": "00:01:51", "text": "That's a lot of what I'm doing right"}, {"start": "00:01:49", "end": "00:01:53", "text": "now. We're doing just so you guys know"}, {"start": "00:01:51", "end": "00:01:55", "text": "obviously we do a lot in DeFi and you"}, {"start": "00:01:53", "end": "00:01:57", "text": "know we've got a private fund that we're"}, {"start": "00:01:55", "end": "00:01:58", "text": "setting up for DeFi. We're doing AI"}, {"start": "00:01:57", "end": "00:02:00", "text": "stuff there but then also doing a lot of"}, {"start": "00:01:58", "end": "00:02:03", "text": "AI consulting work these days. Uh so"}, {"start": "00:02:00", "end": "00:02:06", "text": "that's where my attention is and that is"}, {"start": "00:02:03", "end": "00:02:07", "text": "translating into some some apps and some"}, {"start": "00:02:06", "end": "00:02:09", "text": "applications we're going to roll out for"}, {"start": "00:02:07", "end": "00:02:10", "text": "the disco the DC community."}, {"start": "00:02:09", "end": "00:02:12", "text": ">> I know I was using one of them"}, {"start": "00:02:10", "end": "00:02:14", "text": "yesterday. That's I kind of got stuck in"}, {"start": "00:02:12", "end": "00:02:16", "text": "the rabbit hole on on the graphics one"}, {"start": "00:02:14", "end": "00:02:17", "text": "yesterday. So that's I was going to"}, {"start": "00:02:16", "end": "00:02:22", "text": "trade, but then I ended up on the phone"}, {"start": "00:02:17", "end": "00:02:24", "text": "with your AI team all day, you know. So"}, {"start": "00:02:22", "end": "00:02:25", "text": "it's going to be something where I'm"}, {"start": "00:02:24", "end": "00:02:28", "text": "going to be definitely taking advantage"}, {"start": "00:02:25", "end": "00:02:31", "text": "of it. But we have that something new"}, {"start": "00:02:28", "end": "00:02:33", "text": "for Discover Crypto's YouTube channel is"}, {"start": "00:02:31", "end": "00:02:35", "text": "actually community post. If you guys go"}, {"start": "00:02:33", "end": "00:02:37", "text": "to the YouTube channel, make sure you're"}, {"start": "00:02:35", "end": "00:02:39", "text": "subscribed first and then you can go to"}, {"start": "00:02:37", "end": "00:02:41", "text": "community and uh put up your own post,"}, {"start": "00:02:39", "end": "00:02:42", "text": "right? And this could be a crypto"}, {"start": "00:02:41", "end": "00:02:45", "text": "confessional where you can let us know"}, {"start": "00:02:42", "end": "00:02:47", "text": "if you've fullported uh some of these"}, {"start": "00:02:45", "end": "00:02:49", "text": "altcoins that have now been destroyed."}, {"start": "00:02:47", "end": "00:02:51", "text": "Uh or you know give us your insight on"}, {"start": "00:02:49", "end": "00:02:53", "text": "where you think the Bitcoin bare market"}, {"start": "00:02:51", "end": "00:02:55", "text": "is going to end, things of that nature."}, {"start": "00:02:53", "end": "00:02:57", "text": "So make sure to subscribe there."}, {"start": "00:02:55", "end": "00:02:58", "text": "Something new that YouTube has done. Um"}, {"start": "00:02:57", "end": "00:03:00", "text": "it's almost going to turn it into like a"}, {"start": "00:02:58", "end": "00:03:01", "text": "crypto Facebook though. I'm kind of"}, {"start": "00:03:00", "end": "00:03:02", "text": "worried about that."}, {"start": "00:03:01", "end": "00:03:04", "text": ">> Yeah, I'm interested to see what they"}, {"start": "00:03:02", "end": "00:03:05", "text": "are. But yeah, drop some drop some stuff"}, {"start": "00:03:04", "end": "00:03:08", "text": "there. We're actually talking about"}, {"start": "00:03:05", "end": "00:03:11", "text": "doing like a call-in show. So, who we'll"}, {"start": "00:03:08", "end": "00:03:12", "text": "probably start with our most engaged uh"}, {"start": "00:03:11", "end": "00:03:14", "text": "community members and subscribers and"}, {"start": "00:03:12", "end": "00:03:15", "text": "that sort of stuff. So, if you're"}, {"start": "00:03:14", "end": "00:03:17", "text": "interested in calling in and being on"}, {"start": "00:03:15", "end": "00:03:18", "text": "the show, asking a question live, that"}, {"start": "00:03:17", "end": "00:03:21", "text": "sort of stuff, leave us a comment there."}, {"start": "00:03:18", "end": "00:03:23", "text": "Let us know your take on things. I'm"}, {"start": "00:03:21", "end": "00:03:24", "text": "seeing chat saying, \"Let's go to 40k and"}, {"start": "00:03:23", "end": "00:03:26", "text": "buy.\" Let's let's go ahead and look at"}, {"start": "00:03:24", "end": "00:03:27", "text": "the prices and see where we think we're"}, {"start": "00:03:26", "end": "00:03:28", "text": "heading."}, {"start": "00:03:27", "end": "00:03:30", "text": ">> Okay. All right. Well, hold on to your"}, {"start": "00:03:28", "end": "00:03:34", "text": "seats here. We're going in. I'll do a"}, {"start": "00:03:30", "end": "00:03:35", "text": "refresh on this. Um you know, not"}, {"start": "00:03:34", "end": "00:03:38", "text": "looking good. Okay. Okay, so we're we're"}, {"start": "00:03:35", "end": "00:03:40", "text": "only down by like 2.5% on Bitcoin. But"}, {"start": "00:03:38", "end": "00:03:42", "text": "when I show you the weekly chart,"}, {"start": "00:03:40", "end": "00:03:44", "text": "there's going to be some nasty signals"}, {"start": "00:03:42", "end": "00:03:47", "text": "that are popping up on Bitcoin. We did"}, {"start": "00:03:44", "end": "00:03:49", "text": "indeed lose $2,000 on Ethereum, which I"}, {"start": "00:03:47", "end": "00:03:51", "text": "warned we were going to do yesterday if"}, {"start": "00:03:49", "end": "00:03:54", "text": "we saw Bitcoin come anywhere near the"}, {"start": "00:03:51", "end": "00:03:56", "text": "70K flat mark, and Ethereum decided to"}, {"start": "00:03:54", "end": "00:03:58", "text": "choose extra violence and drop below"}, {"start": "00:03:56", "end": "00:04:04", "text": "$2,000 before that even happened. Now,"}, {"start": "00:03:58", "end": "00:04:07", "text": "BMBB looking pretty sturdy at 632. XRP"}, {"start": "00:04:04", "end": "00:04:10", "text": "uh at $1.29. Salana still at about 80"}, {"start": "00:04:07", "end": "00:04:13", "text": "bucks. So, we are seeing some reasonable"}, {"start": "00:04:10", "end": "00:04:15", "text": "defense from these larger altcoins at"}, {"start": "00:04:13", "end": "00:04:18", "text": "the top like top 10. Tron, you know,"}, {"start": "00:04:15", "end": "00:04:21", "text": "it's down 5% but it's only down 3% on"}, {"start": "00:04:18", "end": "00:04:23", "text": "the week. Hyperlid is coming off of"}, {"start": "00:04:21", "end": "00:04:26", "text": "fresh all-time highs, 56 bucks a piece"}, {"start": "00:04:23", "end": "00:04:28", "text": "right now. Hyperl's actually one of the"}, {"start": "00:04:26", "end": "00:04:32", "text": "few altcoins that's holding up uh better"}, {"start": "00:04:28", "end": "00:04:36", "text": "than most in this situation. and Cardano"}, {"start": "00:04:32", "end": "00:04:37", "text": "about if Cardono loses 23 cents, it's I"}, {"start": "00:04:36", "end": "00:04:39", "text": "mean all hell's going to break loose on"}, {"start": "00:04:37", "end": "00:04:42", "text": "on Twitter because like the Cardano"}, {"start": "00:04:39", "end": "00:04:47", "text": "people have been a little quiet, right?"}, {"start": "00:04:42", "end": "00:04:48", "text": "But like if Cardono goes below 20 cents,"}, {"start": "00:04:47", "end": "00:04:51", "text": ">> you're going to see death threats."}, {"start": "00:04:48", "end": "00:04:53", "text": ">> I mean 20 cents is low. Yeah. I mean I"}, {"start": "00:04:51", "end": "00:04:55", "text": "to me my original entry on Cardono was 5"}, {"start": "00:04:53", "end": "00:04:56", "text": "cents forever ago. So it makes it pretty"}, {"start": "00:04:55", "end": "00:04:58", "text": "easy to stomach a lot of ups and downs,"}, {"start": "00:04:56", "end": "00:05:01", "text": "but I mean 20 cents is"}, {"start": "00:04:58", "end": "00:05:02", "text": ">> Yeah. from what $3 at an alltime high or"}, {"start": "00:05:01", "end": "00:05:05", "text": "something like that."}, {"start": "00:05:02", "end": "00:05:08", "text": ">> $3 was the 2021"}, {"start": "00:05:05", "end": "00:05:10", "text": ">> and it peaked to like a$125 after that"}, {"start": "00:05:08", "end": "00:05:13", "text": "you know whatever Trump tweet of"}, {"start": "00:05:10", "end": "00:05:14", "text": "strategic reserve assets of Cardano and"}, {"start": "00:05:13", "end": "00:05:15", "text": "XRP."}, {"start": "00:05:14", "end": "00:05:18", "text": ">> Well, look at that. I want to give I"}, {"start": "00:05:15", "end": "00:05:20", "text": "mean what what was last night's video?"}, {"start": "00:05:18", "end": "00:05:22", "text": "Let him let say in the chat. I want to"}, {"start": "00:05:20", "end": "00:05:24", "text": "know who watched last night's video."}, {"start": "00:05:22", "end": "00:05:26", "text": "Drew Drew's upload. I want to just say"}, {"start": "00:05:24", "end": "00:05:29", "text": "me or not me if you if you watched it."}, {"start": "00:05:26", "end": "00:05:31", "text": "I'm just curious because"}, {"start": "00:05:29", "end": "00:05:32", "text": "this is what kills us about and and I've"}, {"start": "00:05:31", "end": "00:05:34", "text": "said this before and this is part of why"}, {"start": "00:05:32", "end": "00:05:37", "text": "it's frustrating these markets is this"}, {"start": "00:05:34", "end": "00:05:38", "text": "is the time to be the most this is the"}, {"start": "00:05:37", "end": "00:05:39", "text": "time to make money. This is the time to"}, {"start": "00:05:38", "end": "00:05:42", "text": "be buying. This is the time to be"}, {"start": "00:05:39", "end": "00:05:44", "text": "accumulating, analyzing, watching"}, {"start": "00:05:42", "end": "00:05:46", "text": "YouTube and getting good entries on"}, {"start": "00:05:44", "end": "00:05:47", "text": "strong projects that have good"}, {"start": "00:05:46", "end": "00:05:49", "text": "fundamentals or good charts or whatever"}, {"start": "00:05:47", "end": "00:05:51", "text": "whatever analysis you do to determine"}, {"start": "00:05:49", "end": "00:05:52", "text": "which coin you buy. Now is the time you"}, {"start": "00:05:51", "end": "00:05:54", "text": "should be doing it."}, {"start": "00:05:52", "end": "00:05:56", "text": ">> Absolutely. And that's what you that's"}, {"start": "00:05:54", "end": "00:05:58", "text": "what you did a video on. Both of you"}, {"start": "00:05:56", "end": "00:06:00", "text": "guys kind of made videos on best"}, {"start": "00:05:58", "end": "00:06:01", "text": "altcoins for right now, you know, based"}, {"start": "00:06:00", "end": "00:06:02", "text": "on the current thesis and the"}, {"start": "00:06:01", "end": "00:06:03", "text": "environment and everything that's going"}, {"start": "00:06:02", "end": "00:06:05", "text": "on."}, {"start": "00:06:03", "end": "00:06:07", "text": ">> Not a lot of engagement. Okay. So, we"}, {"start": "00:06:05", "end": "00:06:10", "text": "got this guy watched. Uh, this guy"}, {"start": "00:06:07", "end": "00:06:12", "text": "watched, but what go you know, now go"}, {"start": "00:06:10", "end": "00:06:15", "text": "back to coin cryp coin market cap."}, {"start": "00:06:12", "end": "00:06:18", "text": ">> So, this video I I titled bullishly"}, {"start": "00:06:15", "end": "00:06:20", "text": "because I feel good about buying cheap"}, {"start": "00:06:18", "end": "00:06:22", "text": "good altcoins, right? So, I am building"}, {"start": "00:06:20", "end": "00:06:24", "text": "a list of all the altcoins that I really"}, {"start": "00:06:22", "end": "00:06:27", "text": "feel are the strongest in these series"}, {"start": "00:06:24", "end": "00:06:30", "text": "of videos. And the one that I brought up"}, {"start": "00:06:27", "end": "00:06:31", "text": "as a surprise was Stellar Lumens. I"}, {"start": "00:06:30", "end": "00:06:33", "text": "brought up Stellar Lumens. It was at"}, {"start": "00:06:31", "end": "00:06:37", "text": "like 16 cents. I was like, \"This chart"}, {"start": "00:06:33", "end": "00:06:38", "text": "is really great.\" And Stellar is up 27%"}, {"start": "00:06:37", "end": "00:06:38", "text": "today."}, {"start": "00:06:38", "end": "00:06:41", "text": ">> There you go."}, {"start": "00:06:38", "end": "00:06:44", "text": ">> It has broken 20 cents. And this is the"}, {"start": "00:06:41", "end": "00:06:45", "text": "chaos of crypto. So, you know, I covered"}, {"start": "00:06:44", "end": "00:06:47", "text": "this thing. I was totally willing to"}, {"start": "00:06:45", "end": "00:06:50", "text": "cover this thing even as it was riding"}, {"start": "00:06:47", "end": "00:06:52", "text": "downhill. This is on 24-hour time frames"}, {"start": "00:06:50", "end": "00:06:55", "text": "and right here is October 10th, right?"}, {"start": "00:06:52", "end": "00:06:57", "text": "So, Stellar has been beaten down. But"}, {"start": "00:06:55", "end": "00:06:59", "text": "the reason why I brought this up in the"}, {"start": "00:06:57", "end": "00:07:01", "text": "video last night was because it's got a"}, {"start": "00:06:59", "end": "00:07:05", "text": "very consistent trend of higher lows"}, {"start": "00:07:01", "end": "00:07:07", "text": "going on for it. And what I see is when"}, {"start": "00:07:05", "end": "00:07:09", "text": "you have those exciting moments, they"}, {"start": "00:07:07", "end": "00:07:11", "text": "are very short-lived on Stellar, but"}, {"start": "00:07:09", "end": "00:07:14", "text": "they are very violent to the upside,"}, {"start": "00:07:11", "end": "00:07:18", "text": "right? Like you have the original OG"}, {"start": "00:07:14", "end": "00:07:22", "text": "move of 2017 4,000% and then you get in"}, {"start": "00:07:18", "end": "00:07:24", "text": "2021 about 900% just under a,000% and"}, {"start": "00:07:22", "end": "00:07:26", "text": "then the last bull market even though it"}, {"start": "00:07:24", "end": "00:07:31", "text": "only lasted 2 or 3 weeks this thing ran"}, {"start": "00:07:26", "end": "00:07:33", "text": "up by about 550%. So, I'm noticing"}, {"start": "00:07:31", "end": "00:07:36", "text": "extreme violent moves to the upside"}, {"start": "00:07:33", "end": "00:07:38", "text": "after consolidation periods on Stella"}, {"start": "00:07:36", "end": "00:07:40", "text": "Lumens, which is why I was like, look,"}, {"start": "00:07:38", "end": "00:07:42", "text": "we're right here. We're, you know,"}, {"start": "00:07:40", "end": "00:07:44", "text": "basically in a new accumulation range. I"}, {"start": "00:07:42", "end": "00:07:46", "text": "don't hate, you know, exposure to this"}, {"start": "00:07:44", "end": "00:07:49", "text": "at the top end of this channel around,"}, {"start": "00:07:46", "end": "00:07:51", "text": "you know, 15 16 cents is fine. Maybe"}, {"start": "00:07:49", "end": "00:07:53", "text": "I'll, you know, get a little bit frisky"}, {"start": "00:07:51", "end": "00:07:53", "text": "right here at the 11 cent mark, right?"}, {"start": "00:07:53", "end": "00:07:56", "text": "and just"}, {"start": "00:07:53", "end": "00:07:58", "text": ">> and they're very much attached to XRP or"}, {"start": "00:07:56", "end": "00:08:00", "text": "you know a fork of XRP and very very"}, {"start": "00:07:58", "end": "00:08:02", "text": "aligned in a lot of different ways and"}, {"start": "00:08:00", "end": "00:08:04", "text": "XRP I think I don't I imagine you guys"}, {"start": "00:08:02", "end": "00:08:06", "text": "covered it on the show yesterday settled"}, {"start": "00:08:04", "end": "00:08:08", "text": ">> I want to say a treasury a treasury deal"}, {"start": "00:08:06", "end": "00:08:11", "text": "got settled you know and so and I think"}, {"start": "00:08:08", "end": "00:08:13", "text": "this benefits XLM a lot in a lot of ways"}, {"start": "00:08:11", "end": "00:08:15", "text": "XLM"}, {"start": "00:08:13", "end": "00:08:17", "text": ">> to me is much more interesting than XRP"}, {"start": "00:08:15", "end": "00:08:20", "text": ">> it's got some weird like I didn't do"}, {"start": "00:08:17", "end": "00:08:24", "text": "this the the this the show about this"}, {"start": "00:08:20", "end": "00:08:25", "text": "news but the DTCC C and Stellar it"}, {"start": "00:08:24", "end": "00:08:27", "text": ">> are also working uh to enable that"}, {"start": "00:08:25", "end": "00:08:29", "text": "tokenization. So"}, {"start": "00:08:27", "end": "00:08:33", "text": ">> when I see this, you know, Stellar"}, {"start": "00:08:29", "end": "00:08:35", "text": "Lumens is a way smaller market cap uh"}, {"start": "00:08:33", "end": "00:08:37", "text": "let's see than the top 10. It's at a $6"}, {"start": "00:08:35", "end": "00:08:40", "text": "billion market cap, but this thing does"}, {"start": "00:08:37", "end": "00:08:42", "text": "move very violently when it decides to"}, {"start": "00:08:40", "end": "00:08:45", "text": "move. So I decided to throw it in as a"}, {"start": "00:08:42", "end": "00:08:47", "text": "pretty damn good altcoin to look at and"}, {"start": "00:08:45", "end": "00:08:49", "text": "I really don't mind it. It's kind of"}, {"start": "00:08:47", "end": "00:08:51", "text": "hilarious looking at it up 20 some odd"}, {"start": "00:08:49", "end": "00:08:52", "text": "percent today uh given everything that's"}, {"start": "00:08:51", "end": "00:08:55", "text": "going on. But I actually want to go see"}, {"start": "00:08:52", "end": "00:08:58", "text": "what's on the worst downturn real quick."}, {"start": "00:08:55", "end": "00:09:00", "text": "So we have Hideera is up by 4.2%."}, {"start": "00:08:58", "end": "00:09:03", "text": "They're celebrating. Midnight"}, {"start": "00:09:00", "end": "00:09:04", "text": ">> holding strong. That's 14% for the week."}, {"start": "00:09:03", "end": "00:09:07", "text": ">> That's pretty interesting. Midnight's"}, {"start": "00:09:04", "end": "00:09:07", "text": "trying. It's not dead. They didn't want"}, {"start": "00:09:07", "end": "00:09:10", "text": "to die."}, {"start": "00:09:07", "end": "00:09:11", "text": ">> Midnight's got a strong uh strong case,"}, {"start": "00:09:10", "end": "00:09:14", "text": "strong team. And and I, you know,"}, {"start": "00:09:11", "end": "00:09:16", "text": "arguably this is where, you know, this"}, {"start": "00:09:14", "end": "00:09:18", "text": "this is what's eating into Cardono. a"}, {"start": "00:09:16", "end": "00:09:20", "text": "lot. I I would argue."}, {"start": "00:09:18", "end": "00:09:22", "text": ">> Well, there there it's more exciting of"}, {"start": "00:09:20", "end": "00:09:22", "text": "a graph. It's way more exciting of a"}, {"start": "00:09:22", "end": "00:09:24", "text": "graph to see."}, {"start": "00:09:22", "end": "00:09:26", "text": ">> Well, it's more exciting narrative, too."}, {"start": "00:09:24", "end": "00:09:28", "text": "It's new. You know, it's got privacy."}, {"start": "00:09:26", "end": "00:09:31", "text": "It's got some interoperability. You"}, {"start": "00:09:28", "end": "00:09:32", "text": "know, it's it's got a good design. And"}, {"start": "00:09:31", "end": "00:09:34", "text": "so, you know, we'll see."}, {"start": "00:09:32", "end": "00:09:38", "text": ">> And then I want to see what's dying the"}, {"start": "00:09:34", "end": "00:09:40", "text": "most because on days like this, I like"}, {"start": "00:09:38", "end": "00:09:43", "text": "to Okay, so Venice tokens coming back to"}, {"start": "00:09:40", "end": "00:09:45", "text": "$14. That's all the AI coins that have"}, {"start": "00:09:43", "end": "00:09:47", "text": "been put. World coin was on a huge still"}, {"start": "00:09:45", "end": "00:09:50", "text": "up for the week. But VVV,"}, {"start": "00:09:47", "end": "00:09:53", "text": ">> so VVV, that's one of my favorite and I"}, {"start": "00:09:50", "end": "00:09:55", "text": "know you guys uh didn't love it when I"}, {"start": "00:09:53", "end": "00:09:56", "text": "first started talking about it because I"}, {"start": "00:09:55", "end": "00:09:58", "text": "was like the day it launched or the day"}, {"start": "00:09:56", "end": "00:10:00", "text": "after, you know, basically it launched"}, {"start": "00:09:58", "end": "00:10:02", "text": "on Coinbase right there and then had a"}, {"start": "00:10:00", "end": "00:10:04", "text": "big draw down and right after that I was"}, {"start": "00:10:02", "end": "00:10:07", "text": "saying like look guys, this is it. I've"}, {"start": "00:10:04", "end": "00:10:09", "text": "been running a full range liquidity pool"}, {"start": "00:10:07", "end": "00:10:11", "text": "on that project the entire time. So, you"}, {"start": "00:10:09", "end": "00:10:13", "text": "were collecting it even here in the half"}, {"start": "00:10:11", "end": "00:10:14", "text": "half a dollar range or a dollar range."}, {"start": "00:10:13", "end": "00:10:17", "text": "That's disgusting."}, {"start": "00:10:14", "end": "00:10:21", "text": ">> And now it's up now it's looking pretty"}, {"start": "00:10:17", "end": "00:10:24", "text": "nice. Uh and it feeds into this API"}, {"start": "00:10:21", "end": "00:10:26", "text": "world and kind of the the world that our"}, {"start": "00:10:24", "end": "00:10:29", "text": "whole economy is moving into with agents"}, {"start": "00:10:26", "end": "00:10:32", "text": "and AI and X42 payments and you know"}, {"start": "00:10:29", "end": "00:10:34", "text": "what what VVV does. It's as far as I"}, {"start": "00:10:32", "end": "00:10:37", "text": "know the only"}, {"start": "00:10:34", "end": "00:10:39", "text": "uh AI model platform that allows you to"}, {"start": "00:10:37", "end": "00:10:41", "text": "have privacy. So right now you're doing"}, {"start": "00:10:39", "end": "00:10:43", "text": "all these things in claude or anthropic"}, {"start": "00:10:41", "end": "00:10:46", "text": "or you know you know deepseek you know"}, {"start": "00:10:43", "end": "00:10:47", "text": "China are is getting all of your data"}, {"start": "00:10:46", "end": "00:10:49", "text": "all of the stuff you're uploading all of"}, {"start": "00:10:47", "end": "00:10:51", "text": "the prompts that you're running all of"}, {"start": "00:10:49", "end": "00:10:53", "text": "the personal stuff you're giving it they"}, {"start": "00:10:51", "end": "00:10:55", "text": "own it all and and you know we see"}, {"start": "00:10:53", "end": "00:10:57", "text": "breaches all the time and all kinds of"}, {"start": "00:10:55", "end": "00:10:59", "text": "issues with private information where"}, {"start": "00:10:57", "end": "00:11:02", "text": "VVV not only allows you to keep it"}, {"start": "00:10:59", "end": "00:11:06", "text": "private the tokconomics itself allow you"}, {"start": "00:11:02", "end": "00:11:08", "text": "to stake for uh API within the system."}, {"start": "00:11:06", "end": "00:11:10", "text": "Yeah. So you have to buy the token to"}, {"start": "00:11:08", "end": "00:11:11", "text": "use the API, right? Is that where the"}, {"start": "00:11:10", "end": "00:11:14", "text": "pressure comes from or"}, {"start": "00:11:11", "end": "00:11:17", "text": ">> No. So like the VV you stake it. So VV"}, {"start": "00:11:14", "end": "00:11:19", "text": "if you have staked VVV, you get API"}, {"start": "00:11:17", "end": "00:11:20", "text": "calls against the system based on how"}, {"start": "00:11:19", "end": "00:11:23", "text": "much is staked. Gotcha."}, {"start": "00:11:20", "end": "00:11:26", "text": ">> And so like what I have now pretty much"}, {"start": "00:11:23", "end": "00:11:28", "text": "is equivalent to all a full Cloud Max"}, {"start": "00:11:26", "end": "00:11:30", "text": "token or not quite but it's close"}, {"start": "00:11:28", "end": "00:11:33", "text": ">> to where things that are costing me"}, {"start": "00:11:30", "end": "00:11:35", "text": "money to run in in APIs right now I"}, {"start": "00:11:33", "end": "00:11:39", "text": "could get through staking VVV and run"}, {"start": "00:11:35", "end": "00:11:41", "text": "agentic systems essentially free. So"}, {"start": "00:11:39", "end": "00:11:43", "text": "it's a rare token that actually has real"}, {"start": "00:11:41", "end": "00:11:45", "text": "world use case within a niche that's"}, {"start": "00:11:43", "end": "00:11:47", "text": "coming that has good token like it"}, {"start": "00:11:45", "end": "00:11:48", "text": "really understands where things are"}, {"start": "00:11:47", "end": "00:11:50", "text": "heading. Now that doesn't always"}, {"start": "00:11:48", "end": "00:11:52", "text": "translate. I want to give a caveat. Good"}, {"start": "00:11:50", "end": "00:11:54", "text": "tech, good design, forward thinking does"}, {"start": "00:11:52", "end": "00:11:57", "text": "not always translate into good money."}, {"start": "00:11:54", "end": "00:11:58", "text": "But right now, it it sure is."}, {"start": "00:11:57", "end": "00:12:01", "text": ">> I'm happy about this one. I'll say that."}, {"start": "00:11:58", "end": "00:12:03", "text": "Even if it gives up like a lot of like"}, {"start": "00:12:01", "end": "00:12:05", "text": "the huge green candles that it's been"}, {"start": "00:12:03", "end": "00:12:07", "text": "putting up on the weekly, it kind of,"}, {"start": "00:12:05", "end": "00:12:10", "text": "you know, from a shooting from the hip"}, {"start": "00:12:07", "end": "00:12:13", "text": "hillbilly TA status"}, {"start": "00:12:10", "end": "00:12:15", "text": "like $10 is kind of like a place where I"}, {"start": "00:12:13", "end": "00:12:16", "text": "could become aggressive about it."}, {"start": "00:12:15", "end": "00:12:18", "text": ">> You know, and it might even defend"}, {"start": "00:12:16", "end": "00:12:20", "text": "itself here in the 12 $13 range, you"}, {"start": "00:12:18", "end": "00:12:22", "text": "know, and hold on to the because it does"}, {"start": "00:12:20", "end": "00:12:24", "text": "have some interesting stuff going for"}, {"start": "00:12:22", "end": "00:12:26", "text": "it. The privacy and the AI is all there."}, {"start": "00:12:24", "end": "00:12:29", "text": "So VVV is one of the bigger pullbacks. I"}, {"start": "00:12:26", "end": "00:12:31", "text": "I on days like this, I do like scouring"}, {"start": "00:12:29", "end": "00:12:33", "text": "what is getting beat down the most to"}, {"start": "00:12:31", "end": "00:12:34", "text": "see if there's anything that I feel"}, {"start": "00:12:33", "end": "00:12:37", "text": "really strongly about that's getting"}, {"start": "00:12:34", "end": "00:12:41", "text": "near kind of back up the truck moments."}, {"start": "00:12:37", "end": "00:12:43", "text": "Um near protocol is still up 31% on the"}, {"start": "00:12:41", "end": "00:12:45", "text": "week. That's absolutely wild."}, {"start": "00:12:43", "end": "00:12:48", "text": ">> Yeah, I mean look, that's render. Uh"}, {"start": "00:12:45", "end": "00:12:51", "text": "it's all DeFi and AI. This is my my"}, {"start": "00:12:48", "end": "00:12:53", "text": "whole, you know, Jupiter DeFi virtual AI"}, {"start": "00:12:51", "end": "00:12:54", "text": "near AI. You know, the lower down you"}, {"start": "00:12:53", "end": "00:12:54", "text": "go, the you know, the more you get into"}, {"start": "00:12:54", "end": "00:12:55", "text": "R."}, {"start": "00:12:54", "end": "00:12:58", "text": ">> This is the one that drives me nuts."}, {"start": "00:12:55", "end": "00:13:00", "text": "Morpho just is it going to defend $2?"}, {"start": "00:12:58", "end": "00:13:01", "text": ">> I think it is. I mean $2. Morpho loves"}, {"start": "00:13:00", "end": "00:13:03", "text": "$2."}, {"start": "00:13:01", "end": "00:13:03", "text": ">> It really does. Like it's really hard"}, {"start": "00:13:03", "end": "00:13:05", "text": "for"}, {"start": "00:13:03", "end": "00:13:07", "text": ">> Look at that. That's a nice looking"}, {"start": "00:13:05", "end": "00:13:08", "text": "That's a nice looking point of control"}, {"start": "00:13:07", "end": "00:13:10", "text": "right there."}, {"start": "00:13:08", "end": "00:13:12", "text": ">> It's a good graph. Like the comfortable"}, {"start": "00:13:10", "end": "00:13:15", "text": "spot for me on Morpho. Like not only"}, {"start": "00:13:12", "end": "00:13:18", "text": "from like I I I'm sorry to say this CJ,"}, {"start": "00:13:15", "end": "00:13:20", "text": "I know you love A, but A falling means"}, {"start": "00:13:18", "end": "00:13:20", "text": "good things for Moro."}, {"start": "00:13:20", "end": "00:13:20", "text": ">> Sure."}, {"start": "00:13:20", "end": "00:13:22", "text": ">> You know,"}, {"start": "00:13:20", "end": "00:13:23", "text": ">> or faltering or"}, {"start": "00:13:22", "end": "00:13:27", "text": ">> Yeah. And it's not like obvious is going"}, {"start": "00:13:23", "end": "00:13:29", "text": "to like completely fall apart, but"}, {"start": "00:13:27", "end": "00:13:30", "text": ">> I just feel like this underdog is going"}, {"start": "00:13:29", "end": "00:13:31", "text": "to gain a lot of steam from it."}, {"start": "00:13:30", "end": "00:13:32", "text": ">> Oh yeah, they got Coinbase with them."}, {"start": "00:13:31", "end": "00:13:35", "text": "They're right in the middle of every"}, {"start": "00:13:32", "end": "00:13:36", "text": "single I I hold both. So I mean there's"}, {"start": "00:13:35", "end": "00:13:38", "text": "no You're not You're preaching to the"}, {"start": "00:13:36", "end": "00:13:39", "text": "choir there. I hold a lot of morpho. I"}, {"start": "00:13:38", "end": "00:13:42", "text": "hold a lot of a"}, {"start": "00:13:39", "end": "00:13:46", "text": ">> good lending and borrowing is an"}, {"start": "00:13:42", "end": "00:13:48", "text": "essential part of all economies today"}, {"start": "00:13:46", "end": "00:13:51", "text": ">> and it's an extremely inefficient"}, {"start": "00:13:48", "end": "00:13:54", "text": "process. A and Morpho added a ton of"}, {"start": "00:13:51", "end": "00:13:55", "text": "efficiency to a massive market. They're"}, {"start": "00:13:54", "end": "00:13:57", "text": "not going anywhere."}, {"start": "00:13:55", "end": "00:13:59", "text": ">> And they have vaulted structure, too, so"}, {"start": "00:13:57", "end": "00:14:01", "text": "they know how to protect themselves from"}, {"start": "00:13:59", "end": "00:14:02", "text": "cascading. Oh, yeah. Yeah. And I wanted"}, {"start": "00:14:01", "end": "00:14:04", "text": "to you me you mentioned the X42"}, {"start": "00:14:02", "end": "00:14:05", "text": "payments. I was talking to Dezy a little"}, {"start": "00:14:04", "end": "00:14:07", "text": "bit about it yesterday,"}, {"start": "00:14:05", "end": "00:14:10", "text": ">> but just"}, {"start": "00:14:07", "end": "00:14:12", "text": ">> so the AI blow up. It's it's not just"}, {"start": "00:14:10", "end": "00:14:13", "text": "here on the channel. Like I am running"}, {"start": "00:14:12", "end": "00:14:16", "text": "into"}, {"start": "00:14:13", "end": "00:14:19", "text": "business changes even from tree trimming"}, {"start": "00:14:16", "end": "00:14:21", "text": "companies here in Georgia. like that are"}, {"start": "00:14:19", "end": "00:14:23", "text": "trying to implement AI like it's not"}, {"start": "00:14:21", "end": "00:14:26", "text": "something that is really insulated to"}, {"start": "00:14:23", "end": "00:14:29", "text": "just crypto and a bunch of nerds anymore"}, {"start": "00:14:26", "end": "00:14:32", "text": "like it's not and so when I think about"}, {"start": "00:14:29", "end": "00:14:35", "text": "you know the X42"}, {"start": "00:14:32", "end": "00:14:37", "text": "internet of payments type structure"}, {"start": "00:14:35", "end": "00:14:40", "text": "the current financial system does not"}, {"start": "00:14:37", "end": "00:14:40", "text": "have the rails to handle what is coming"}, {"start": "00:14:40", "end": "00:14:42", "text": ">> exactly"}, {"start": "00:14:40", "end": "00:14:45", "text": ">> with and you just mentioned some of the"}, {"start": "00:14:42", "end": "00:14:48", "text": "intricacies of like Venice per se"}, {"start": "00:14:45", "end": "00:14:50", "text": ">> but the current financial system does"}, {"start": "00:14:48", "end": "00:14:52", "text": "not have the rails to run four or five"}, {"start": "00:14:50", "end": "00:14:53", "text": "billion AI agents. It just simply does"}, {"start": "00:14:52", "end": "00:14:55", "text": "not."}, {"start": "00:14:53", "end": "00:14:57", "text": ">> No. And it's not agents aren't designed"}, {"start": "00:14:55", "end": "00:14:59", "text": "to interact. Everything that the"}, {"start": "00:14:57", "end": "00:15:00", "text": "traditional financial system is built"}, {"start": "00:14:59", "end": "00:15:02", "text": "for is built for humans"}, {"start": "00:15:00", "end": "00:15:04", "text": ">> and it's not designed for, you know, in"}, {"start": "00:15:02", "end": "00:15:06", "text": "the web in general and the internet, all"}, {"start": "00:15:04", "end": "00:15:08", "text": "sorts of stuff is getting completely"}, {"start": "00:15:06", "end": "00:15:09", "text": "there's kind of two movements going on"}, {"start": "00:15:08", "end": "00:15:12", "text": "right now. like a rearchitecture of kind"}, {"start": "00:15:09", "end": "00:15:15", "text": "of redesign the whole system to work"}, {"start": "00:15:12", "end": "00:15:17", "text": "with agents and then the also like a"}, {"start": "00:15:15", "end": "00:15:18", "text": "hybrid bring agents into a world with"}, {"start": "00:15:17", "end": "00:15:19", "text": "humans where they can kind of work"}, {"start": "00:15:18", "end": "00:15:21", "text": "together but like"}, {"start": "00:15:19", "end": "00:15:23", "text": ">> browsers and clicking buttons and the"}, {"start": "00:15:21", "end": "00:15:25", "text": "whole UI of everything we do"}, {"start": "00:15:23", "end": "00:15:28", "text": ">> is not designed for that and the"}, {"start": "00:15:25", "end": "00:15:30", "text": "internet is not really designed to"}, {"start": "00:15:28", "end": "00:15:32", "text": "integrate with such like if really the"}, {"start": "00:15:30", "end": "00:15:34", "text": "traditional if you want to think about"}, {"start": "00:15:32", "end": "00:15:36", "text": "traditional banking system is still more"}, {"start": "00:15:34", "end": "00:15:38", "text": "or less analog right so if you think"}, {"start": "00:15:36", "end": "00:15:40", "text": "analog digital Right."}, {"start": "00:15:38", "end": "00:15:44", "text": ">> The traditional system is extremely"}, {"start": "00:15:40", "end": "00:15:46", "text": "analog and agents are not and so they"}, {"start": "00:15:44", "end": "00:15:47", "text": "will not particip it. It's much harder"}, {"start": "00:15:46", "end": "00:15:48", "text": "to get them to participate."}, {"start": "00:15:47", "end": "00:15:50", "text": ">> Well, they can't even do it if they want"}, {"start": "00:15:48", "end": "00:15:52", "text": "because the banks won't give them a"}, {"start": "00:15:50", "end": "00:15:57", "text": "routing in a checking account, right?"}, {"start": "00:15:52", "end": "00:15:59", "text": "And so when Brian Armstrong said that uh"}, {"start": "00:15:57", "end": "00:16:02", "text": "that mention about like five, six months"}, {"start": "00:15:59", "end": "00:16:04", "text": "ago that AI agents are forced to operate"}, {"start": "00:16:02", "end": "00:16:07", "text": "off of, right? And that is something"}, {"start": "00:16:04", "end": "00:16:09", "text": "that's really starting to hit me. So,"}, {"start": "00:16:07", "end": "00:16:11", "text": "you know, I understand, you know, kind"}, {"start": "00:16:09", "end": "00:16:13", "text": "of both. I I guess I'm a little bit of a"}, {"start": "00:16:11", "end": "00:16:16", "text": "hillbilly, but then I'm also plugged"}, {"start": "00:16:13", "end": "00:16:19", "text": "into this uh AI and this crypto realm."}, {"start": "00:16:16", "end": "00:16:21", "text": "And seeing these two realms like clash"}, {"start": "00:16:19", "end": "00:16:22", "text": "right now is something that I think is"}, {"start": "00:16:21", "end": "00:16:24", "text": "going to be talked about in the history"}, {"start": "00:16:22", "end": "00:16:27", "text": "books for like a long time."}, {"start": "00:16:24", "end": "00:16:29", "text": ">> Oh, yeah. They're they are"}, {"start": "00:16:27", "end": "00:16:32", "text": "AI is going to take crypto where it can"}, {"start": "00:16:29", "end": "00:16:34", "text": "go and and vice versa. like they are two"}, {"start": "00:16:32", "end": "00:16:36", "text": "of the"}, {"start": "00:16:34", "end": "00:16:37", "text": ">> you know it's like it's like steel and"}, {"start": "00:16:36", "end": "00:16:40", "text": "oil kind of it feels like or the"}, {"start": "00:16:37", "end": "00:16:43", "text": "automobile and oil and you know you know"}, {"start": "00:16:40", "end": "00:16:45", "text": "that sort of stuff like there are two"}, {"start": "00:16:43", "end": "00:16:48", "text": "foundational pieces of a"}, {"start": "00:16:45", "end": "00:16:50", "text": ">> turning point in you know this is our"}, {"start": "00:16:48", "end": "00:16:50", "text": "industrial revolution type moment."}, {"start": "00:16:50", "end": "00:16:51", "text": ">> Yeah."}, {"start": "00:16:50", "end": "00:16:54", "text": ">> Yeah."}, {"start": "00:16:51", "end": "00:16:56", "text": ">> Yeah. I'm seeing the chat. Someone said"}, {"start": "00:16:54", "end": "00:16:58", "text": "Bxler says I caused the stellar pump"}, {"start": "00:16:56", "end": "00:17:00", "text": "with that video."}, {"start": "00:16:58", "end": "00:17:01", "text": ">> That's good. You need more of that then."}, {"start": "00:17:00", "end": "00:17:03", "text": "More of that."}, {"start": "00:17:01", "end": "00:17:05", "text": ">> Oh my god. All right. Well, let's look"}, {"start": "00:17:03", "end": "00:17:06", "text": "at the news. Let's look at and then I'll"}, {"start": "00:17:05", "end": "00:17:09", "text": "look at Bitcoin's price actively. But"}, {"start": "00:17:06", "end": "00:17:13", "text": "Bitcoin did drop below 73,000. It fell"}, {"start": "00:17:09", "end": "00:17:15", "text": "into the $72,000 range as the US strikes"}, {"start": "00:17:13", "end": "00:17:18", "text": "on Iran sparked a billion dollars in"}, {"start": "00:17:15", "end": "00:17:19", "text": "liquidations. And you know what? I got"}, {"start": "00:17:18", "end": "00:17:21", "text": "caught in that [�__�] I got caught in"}, {"start": "00:17:19", "end": "00:17:22", "text": "that [�__�] A portion of my account got"}, {"start": "00:17:21", "end": "00:17:25", "text": "hit"}, {"start": "00:17:22", "end": "00:17:27", "text": ">> just the same. Now, uh, a billion in"}, {"start": "00:17:25", "end": "00:17:29", "text": "leverage crypto positions liquidated in"}, {"start": "00:17:27", "end": "00:17:31", "text": "24 hours. Long positions make it up 93%."}, {"start": "00:17:29", "end": "00:17:32", "text": "I also saw a crypto faces kind of"}, {"start": "00:17:31", "end": "00:17:35", "text": "worried about as long as zero woke up"}, {"start": "00:17:32", "end": "00:17:37", "text": "this morning. Uh strikes near the"}, {"start": "00:17:35", "end": "00:17:39", "text": "straight for moose near US sanctions on"}, {"start": "00:17:37", "end": "00:17:40", "text": "Iran and regional military tensions yada"}, {"start": "00:17:39", "end": "00:17:43", "text": "yada yada. So let's read in what"}, {"start": "00:17:40", "end": "00:17:46", "text": "happened. It flushed leverage traders"}, {"start": "00:17:43", "end": "00:17:50", "text": "167,000 leverage traders uh nearly a"}, {"start": "00:17:46", "end": "00:17:54", "text": "million dollars in long positions and 61"}, {"start": "00:17:50", "end": "00:17:58", "text": "million in shorts. So, there's a 93%"}, {"start": "00:17:54", "end": "00:18:02", "text": "long skew right at about the level that"}, {"start": "00:17:58", "end": "00:18:04", "text": "we were at at 910 p.m. last night. Um,"}, {"start": "00:18:02", "end": "00:18:06", "text": "and this is what happens when traders"}, {"start": "00:18:04", "end": "00:18:09", "text": "are positioned for a recovery, right? We"}, {"start": "00:18:06", "end": "00:18:12", "text": "were looking for some sort of uh support"}, {"start": "00:18:09", "end": "00:18:14", "text": "on Bitcoin and we did not find that. The"}, {"start": "00:18:12", "end": "00:18:15", "text": "trigger uh came from the Middle East."}, {"start": "00:18:14", "end": "00:18:18", "text": "Now,"}, {"start": "00:18:15", "end": "00:18:21", "text": "all this aside, you know, it we get a"}, {"start": "00:18:18", "end": "00:18:23", "text": "lot of salesmanship from Trump that he's"}, {"start": "00:18:21", "end": "00:18:26", "text": "holding all the cards. We've dis we we"}, {"start": "00:18:23", "end": "00:18:29", "text": "have dismantled their navy. We have"}, {"start": "00:18:26", "end": "00:18:31", "text": "dismantled the navy. The problem is most"}, {"start": "00:18:29", "end": "00:18:34", "text": "of their their missile stockpile lives"}, {"start": "00:18:31", "end": "00:18:36", "text": "inside of mountains that have not been"}, {"start": "00:18:34", "end": "00:18:37", "text": "turned to rubble. Right? Those mountains"}, {"start": "00:18:36", "end": "00:18:39", "text": "still hold the vast majority of the"}, {"start": "00:18:37", "end": "00:18:41", "text": "missiles. They're just building new"}, {"start": "00:18:39", "end": "00:18:42", "text": "tunnels to go out. And I think Trump,"}, {"start": "00:18:41", "end": "00:18:45", "text": "here's the thing I was thinking about,"}, {"start": "00:18:42", "end": "00:18:48", "text": "TJ. After Venezuela went so amazing for"}, {"start": "00:18:45", "end": "00:18:50", "text": "Trump, right? He was just in and out 12"}, {"start": "00:18:48", "end": "00:18:52", "text": "hours, all of a sudden Maduro's in a"}, {"start": "00:18:50", "end": "00:18:54", "text": "Nike jumpsuit in the middle of New York."}, {"start": "00:18:52", "end": "00:18:54", "text": ">> He's emboldened. He's feeling he's"}, {"start": "00:18:54", "end": "00:18:55", "text": "feeling"}, {"start": "00:18:54", "end": "00:18:59", "text": ">> he's feeling good. Yeah."}, {"start": "00:18:55", "end": "00:19:02", "text": ">> Right. And so then"}, {"start": "00:18:59", "end": "00:19:04", "text": "I feel like some of the powers that be"}, {"start": "00:19:02", "end": "00:19:08", "text": "that are influencing Trump convinced him"}, {"start": "00:19:04", "end": "00:19:11", "text": "that Iran was going to be easy. And this"}, {"start": "00:19:08", "end": "00:19:13", "text": "is a place that has basically it's a"}, {"start": "00:19:11", "end": "00:19:16", "text": "desert. They they're used to not having"}, {"start": "00:19:13", "end": "00:19:18", "text": "a lot of access to water. It used to be"}, {"start": "00:19:16", "end": "00:19:21", "text": "a really builtup civilization, but"}, {"start": "00:19:18", "end": "00:19:23", "text": "Iran's been used to war for decades now."}, {"start": "00:19:21", "end": "00:19:27", "text": ">> And the idea that we're just going to go"}, {"start": "00:19:23", "end": "00:19:29", "text": "in and out of Iran is [�__�] We're"}, {"start": "00:19:27", "end": "00:19:32", "text": "not going to go in and out of Iran. This"}, {"start": "00:19:29", "end": "00:19:35", "text": "is these are like mountain sand people"}, {"start": "00:19:32", "end": "00:19:36", "text": "that understand how to fight very well."}, {"start": "00:19:35", "end": "00:19:38", "text": "Even though they're not fighting with"}, {"start": "00:19:36", "end": "00:19:41", "text": "the same military hardware we are, they"}, {"start": "00:19:38", "end": "00:19:46", "text": "know how to survive war, right? And so"}, {"start": "00:19:41", "end": "00:19:47", "text": "going in and out of Iran is not on the"}, {"start": "00:19:46", "end": "00:19:50", "text": "table."}, {"start": "00:19:47", "end": "00:19:51", "text": ">> And I'm not going to say where I got"}, {"start": "00:19:50", "end": "00:19:54", "text": "this information from, but we're not"}, {"start": "00:19:51", "end": "00:19:56", "text": "even looking at this conflict coming to"}, {"start": "00:19:54", "end": "00:19:57", "text": "a close this year. We're actually"}, {"start": "00:19:56", "end": "00:20:00", "text": "preparing on how we're going to escalate"}, {"start": "00:19:57", "end": "00:20:04", "text": "it in 2027, which is unfortunate. This"}, {"start": "00:20:00", "end": "00:20:07", "text": "is the reality of the situation. But"}, {"start": "00:20:04", "end": "00:20:11", "text": "that being said, oil didn't go ballistic"}, {"start": "00:20:07", "end": "00:20:13", "text": "often. Uh oil is still at the bottom end"}, {"start": "00:20:11", "end": "00:20:15", "text": "of this, but this is kind of scary, TJ."}, {"start": "00:20:13", "end": "00:20:16", "text": "This is a very bullish graph."}, {"start": "00:20:15", "end": "00:20:17", "text": ">> Yeah,"}, {"start": "00:20:16", "end": "00:20:19", "text": ">> this is a very bullish graph"}, {"start": "00:20:17", "end": "00:20:20", "text": ">> from a TA perspective. Yeah. Looks like"}, {"start": "00:20:19", "end": "00:20:22", "text": "it wants to break to the upside."}, {"start": "00:20:20", "end": "00:20:24", "text": ">> Yeah. And like you can tell there's some"}, {"start": "00:20:22", "end": "00:20:25", "text": "mechanical"}, {"start": "00:20:24", "end": "00:20:26", "text": "uh"}, {"start": "00:20:25", "end": "00:20:27", "text": ">> buying and selling. Yeah."}, {"start": "00:20:26", "end": "00:20:31", "text": ">> Yeah. like mechanical selling or"}, {"start": "00:20:27", "end": "00:20:33", "text": "protection of oil going above $113 a"}, {"start": "00:20:31", "end": "00:20:35", "text": "barrel. Every single time it hit it, it"}, {"start": "00:20:33", "end": "00:20:37", "text": "gets smacked down. But the support,"}, {"start": "00:20:35", "end": "00:20:40", "text": "you're getting higher lows on that"}, {"start": "00:20:37", "end": "00:20:42", "text": "support and it's almost building like"}, {"start": "00:20:40", "end": "00:20:44", "text": "this macro. You Let's do a bull flag."}, {"start": "00:20:42", "end": "00:20:46", "text": "Should we do a bull flag? Because if you"}, {"start": "00:20:44", "end": "00:20:49", "text": "adjust for inflation from like, you"}, {"start": "00:20:46", "end": "00:20:51", "text": "know, this is like the uh 2008 financial"}, {"start": "00:20:49", "end": "00:20:54", "text": "crisis and all that stuff. If you adjust"}, {"start": "00:20:51", "end": "00:20:55", "text": "for inflation from this point of"}, {"start": "00:20:54", "end": "00:20:58", "text": "previous all-time highs on Brent to"}, {"start": "00:20:55", "end": "00:20:59", "text": "where it's at right now, it's over $200"}, {"start": "00:20:58", "end": "00:21:01", "text": "like it should be."}, {"start": "00:20:59", "end": "00:21:03", "text": ">> So, I'm gonna do this. I'm just going to"}, {"start": "00:21:01", "end": "00:21:07", "text": "take this little guy. I'm going to drag"}, {"start": "00:21:03", "end": "00:21:09", "text": "her on over. All right. Uh, you know,"}, {"start": "00:21:07", "end": "00:21:10", "text": "this is like a conservative"}, {"start": "00:21:09", "end": "00:21:13", "text": ">> 150 bucks."}, {"start": "00:21:10", "end": "00:21:14", "text": ">> Yeah. 150 bucks. And that's a problem."}, {"start": "00:21:13", "end": "00:21:15", "text": ">> That's a big problem."}, {"start": "00:21:14", "end": "00:21:18", "text": ">> And this is also the thing that drives"}, {"start": "00:21:15", "end": "00:21:20", "text": "me crazy is that, you know, so we talked"}, {"start": "00:21:18", "end": "00:21:22", "text": "about like the lubricant shortage. There"}, {"start": "00:21:20", "end": "00:21:24", "text": "is no lubricant shortage in America. We"}, {"start": "00:21:22", "end": "00:21:27", "text": "make 99% of the lubricants that we need"}, {"start": "00:21:24", "end": "00:21:31", "text": "to consume here in the US, but we price"}, {"start": "00:21:27", "end": "00:21:32", "text": "this to a global market. So when their"}, {"start": "00:21:31", "end": "00:21:34", "text": "price on the other side of the planet"}, {"start": "00:21:32", "end": "00:21:36", "text": "goes up for lubricants or oil or"}, {"start": "00:21:34", "end": "00:21:37", "text": "whatever, we're pricing this as a global"}, {"start": "00:21:36", "end": "00:21:39", "text": "market. So our prices increase"}, {"start": "00:21:37", "end": "00:21:42", "text": "regardless of if we can continue to make"}, {"start": "00:21:39", "end": "00:21:44", "text": "it cheaply or not. That is the"}, {"start": "00:21:42", "end": "00:21:46", "text": ">> the diddy shortage. Somebody said"}, {"start": "00:21:44", "end": "00:21:47", "text": ">> the diddy shortage. Oh my god."}, {"start": "00:21:46", "end": "00:21:49", "text": ">> Loop short. Yeah,"}, {"start": "00:21:47", "end": "00:21:51", "text": ">> he's going to get banned. He's got I"}, {"start": "00:21:49", "end": "00:21:54", "text": "can't ban him because he's in X. You're"}, {"start": "00:21:51", "end": "00:21:58", "text": "hiding an X on me. So, this is a bullish"}, {"start": "00:21:54", "end": "00:22:00", "text": "graph um on Brent. I do hope that you"}, {"start": "00:21:58", "end": "00:22:03", "text": "because the economy is the happiest if"}, {"start": "00:22:00", "end": "00:22:03", "text": "if oil can settle around 80 bucks a"}, {"start": "00:22:03", "end": "00:22:04", "text": "barrel."}, {"start": "00:22:03", "end": "00:22:07", "text": ">> Yeah,"}, {"start": "00:22:04", "end": "00:22:10", "text": ">> that's where your oil exploration is"}, {"start": "00:22:07", "end": "00:22:12", "text": "happy, your job sector in that is happy"}, {"start": "00:22:10", "end": "00:22:14", "text": "and it's not too expensive to move"}, {"start": "00:22:12", "end": "00:22:17", "text": "products. So this is a very"}, {"start": "00:22:14", "end": "00:22:20", "text": "this is a very touchy subject matter"}, {"start": "00:22:17", "end": "00:22:23", "text": "especially and it's a inconvenience for"}, {"start": "00:22:20", "end": "00:22:25", "text": "us here in America to see5 or $6 a"}, {"start": "00:22:23", "end": "00:22:30", "text": "gallon gas but there's places like"}, {"start": "00:22:25", "end": "00:22:32", "text": "Australia and South Korea that will very"}, {"start": "00:22:30", "end": "00:22:34", "text": "quickly cascade into civil unrest if"}, {"start": "00:22:32", "end": "00:22:37", "text": "they don't have oil right and this is"}, {"start": "00:22:34", "end": "00:22:39", "text": "where it's an inconvenience for us but"}, {"start": "00:22:37", "end": "00:22:41", "text": "it's it's a likely meaning of war on the"}, {"start": "00:22:39", "end": "00:22:41", "text": "south end of China if they run out of"}, {"start": "00:22:41", "end": "00:22:43", "text": "oil"}, {"start": "00:22:41", "end": "00:22:44", "text": ">> well and I think That's that's the game"}, {"start": "00:22:43", "end": "00:22:46", "text": "of chicken everybody's playing right"}, {"start": "00:22:44", "end": "00:22:49", "text": "now. And at the end of the day,"}, {"start": "00:22:46", "end": "00:22:51", "text": ">> you know, this is this is what's tough"}, {"start": "00:22:49", "end": "00:22:54", "text": "is like to separate the noise from the"}, {"start": "00:22:51", "end": "00:22:55", "text": "signal, right? War is a is a reality"}, {"start": "00:22:54", "end": "00:22:56", "text": "that's been going on for a very long"}, {"start": "00:22:55", "end": "00:22:56", "text": "time."}, {"start": "00:22:56", "end": "00:22:58", "text": ">> Yeah."}, {"start": "00:22:56", "end": "00:23:01", "text": ">> You know, all of my childhood, all of my"}, {"start": "00:22:58", "end": "00:23:03", "text": "life, basically for the for all of the"}, {"start": "00:23:01", "end": "00:23:04", "text": "time that I can remember, there's war"}, {"start": "00:23:03", "end": "00:23:06", "text": "going on and it's going to impact the"}, {"start": "00:23:04", "end": "00:23:07", "text": "economy in different ways. Spending and"}, {"start": "00:23:06", "end": "00:23:09", "text": "pricing, inflation, all that sort of"}, {"start": "00:23:07", "end": "00:23:10", "text": "stuff. You know, we can get into the GDP"}, {"start": "00:23:09", "end": "00:23:12", "text": "slowing down. We're going to look at"}, {"start": "00:23:10", "end": "00:23:15", "text": "that here in a minute. But what we have"}, {"start": "00:23:12", "end": "00:23:17", "text": "to do is look at all this news and take"}, {"start": "00:23:15", "end": "00:23:18", "text": "it back down to a hyper local level of"}, {"start": "00:23:17", "end": "00:23:20", "text": "how does this impact us? How does this"}, {"start": "00:23:18", "end": "00:23:22", "text": "impact Bitcoin? How does this impact"}, {"start": "00:23:20", "end": "00:23:24", "text": "what we're trying to do? And position"}, {"start": "00:23:22", "end": "00:23:27", "text": "accordingly, which is what we do here on"}, {"start": "00:23:24", "end": "00:23:29", "text": "this channel. We invest based on all the"}, {"start": "00:23:27", "end": "00:23:31", "text": "signal that's out there. To me, you"}, {"start": "00:23:29", "end": "00:23:32", "text": "know, I've been waiting. You guys know"}, {"start": "00:23:31", "end": "00:23:33", "text": "since last time I was on here,"}, {"start": "00:23:32", "end": "00:23:35", "text": "especially early in the year, I was"}, {"start": "00:23:33", "end": "00:23:37", "text": "talking a lot about the Clarity Act."}, {"start": "00:23:35", "end": "00:23:39", "text": "There's there's movement on that still."}, {"start": "00:23:37", "end": "00:23:41", "text": "I part of why it's been so easy for me"}, {"start": "00:23:39", "end": "00:23:43", "text": "to kind of move into a whole different"}, {"start": "00:23:41", "end": "00:23:45", "text": "separation as I said end of last year"}, {"start": "00:23:43", "end": "00:23:47", "text": "beginning of this year like really ain't"}, {"start": "00:23:45", "end": "00:23:49", "text": "nothing gonna happen until the clarity"}, {"start": "00:23:47", "end": "00:23:52", "text": "act gets passed like that is going to be"}, {"start": "00:23:49", "end": "00:23:54", "text": "the catal no nothing really happy for"}, {"start": "00:23:52", "end": "00:23:56", "text": "all coins happens until that hap until"}, {"start": "00:23:54", "end": "00:23:57", "text": "clarity act gets passed"}, {"start": "00:23:56", "end": "00:23:59", "text": ">> and it's getting stalled I think"}, {"start": "00:23:57", "end": "00:24:01", "text": "intentionally you know the banks are the"}, {"start": "00:23:59", "end": "00:24:03", "text": "main ones derailing it so this is"}, {"start": "00:24:01", "end": "00:24:04", "text": "definitely part of a plan"}, {"start": "00:24:03", "end": "00:24:05", "text": ">> and who's more powerful politicians or"}, {"start": "00:24:04", "end": "00:24:08", "text": "banks"}, {"start": "00:24:05", "end": "00:24:10", "text": ">> oh money beats money beats office, you"}, {"start": "00:24:08", "end": "00:24:12", "text": "know, 10 times out of 10 cuz how do"}, {"start": "00:24:10", "end": "00:24:13", "text": "those people keep their office? It's the"}, {"start": "00:24:12", "end": "00:24:14", "text": "people with money and power that put"}, {"start": "00:24:13", "end": "00:24:16", "text": "them there. So,"}, {"start": "00:24:14", "end": "00:24:18", "text": ">> yeah, absolutely. That's a big part of"}, {"start": "00:24:16", "end": "00:24:20", "text": "what's happening right now. Now, I saw a"}, {"start": "00:24:18", "end": "00:24:22", "text": "huge spike in it odds that it gets"}, {"start": "00:24:20", "end": "00:24:24", "text": "approved. I think was 60 Senate votes is"}, {"start": "00:24:22", "end": "00:24:26", "text": "up to 65% and apparently that's going to"}, {"start": "00:24:24", "end": "00:24:27", "text": "happen again this year. And it was"}, {"start": "00:24:26", "end": "00:24:29", "text": "always summertime for me that was the"}, {"start": "00:24:27", "end": "00:24:32", "text": "most interesting time."}, {"start": "00:24:29", "end": "00:24:33", "text": ">> Um, this Iran thing is not going to end."}, {"start": "00:24:32", "end": "00:24:35", "text": "I think they might figure out something"}, {"start": "00:24:33", "end": "00:24:37", "text": "with the straighter Hermuz in one one"}, {"start": "00:24:35", "end": "00:24:38", "text": "point or another, but it's not going to"}, {"start": "00:24:37", "end": "00:24:40", "text": "resolve like, hey, we get everything we"}, {"start": "00:24:38", "end": "00:24:42", "text": "want and they go home. Like there's"}, {"start": "00:24:40", "end": "00:24:42", "text": "going to be it's going to be somewhere"}, {"start": "00:24:42", "end": "00:24:43", "text": "in the middle,"}, {"start": "00:24:42", "end": "00:24:45", "text": ">> right?"}, {"start": "00:24:43", "end": "00:24:47", "text": ">> Um and and when it does, it's going to"}, {"start": "00:24:45", "end": "00:24:49", "text": "be bullish after that. So the main"}, {"start": "00:24:47", "end": "00:24:51", "text": "question is how do you what you want to"}, {"start": "00:24:49", "end": "00:24:53", "text": "do as an investor? What's number one"}, {"start": "00:24:51", "end": "00:24:54", "text": "rule of investing according to Warren"}, {"start": "00:24:53", "end": "00:24:56", "text": "Buffett?"}, {"start": "00:24:54", "end": "00:24:57", "text": ">> H buy the fear."}, {"start": "00:24:56", "end": "00:24:59", "text": ">> Don't lose money."}, {"start": "00:24:57", "end": "00:25:01", "text": ">> Don't lose money. That's also that's a"}, {"start": "00:24:59", "end": "00:25:02", "text": "good way. That's the number one rule of"}, {"start": "00:25:01", "end": "00:25:03", "text": "investing is you don't lose money."}, {"start": "00:25:02", "end": "00:25:06", "text": ">> Yeah."}, {"start": "00:25:03", "end": "00:25:08", "text": ">> Um and that's our goal in these bare"}, {"start": "00:25:06", "end": "00:25:10", "text": "markets is you you have to have risk"}, {"start": "00:25:08", "end": "00:25:12", "text": "tolerance is part of what we do. But you"}, {"start": "00:25:10", "end": "00:25:13", "text": "have to know"}, {"start": "00:25:12", "end": "00:25:15", "text": ">> when to take that shot"}, {"start": "00:25:13", "end": "00:25:17", "text": ">> and unfortunately so many people are"}, {"start": "00:25:15", "end": "00:25:19", "text": "taking that shot at the peak of the"}, {"start": "00:25:17", "end": "00:25:20", "text": "bull. But right now is the time you need"}, {"start": "00:25:19", "end": "00:25:21", "text": "to be taking it. Yeah."}, {"start": "00:25:20", "end": "00:25:24", "text": ">> But you have to be in a financially"}, {"start": "00:25:21", "end": "00:25:26", "text": "secure place to do it which is we are"}, {"start": "00:25:24", "end": "00:25:27", "text": "and we're loading up and we're going to"}, {"start": "00:25:26", "end": "00:25:29", "text": "be very very happy when the audience"}, {"start": "00:25:27", "end": "00:25:33", "text": "comes back. We should ask that question"}, {"start": "00:25:29", "end": "00:25:36", "text": "to the audience. we you know so what is"}, {"start": "00:25:33", "end": "00:25:38", "text": "the max what is max pain to you right"}, {"start": "00:25:36", "end": "00:25:41", "text": ">> cuz that was a good question you asked"}, {"start": "00:25:38", "end": "00:25:44", "text": "me uh before we started the show right"}, {"start": "00:25:41", "end": "00:25:47", "text": "and I'm like my old moniker is max pain"}, {"start": "00:25:44", "end": "00:25:50", "text": "is up only right and having like no sort"}, {"start": "00:25:47", "end": "00:25:51", "text": "of breather moments no bare market"}, {"start": "00:25:50", "end": "00:25:53", "text": ">> yeah I'll put a poll in here"}, {"start": "00:25:51", "end": "00:25:54", "text": ">> yeah put in the poll because I'm curious"}, {"start": "00:25:53", "end": "00:25:58", "text": "you know we're we're looking at the"}, {"start": "00:25:54", "end": "00:26:00", "text": "Bitcoin chart right now and you know"}, {"start": "00:25:58", "end": "00:26:02", "text": "over the course of the last few weeks"}, {"start": "00:26:00", "end": "00:26:05", "text": "You know, when we wicked this deeply"}, {"start": "00:26:02", "end": "00:26:07", "text": "below the center point two weeks ago,"}, {"start": "00:26:05", "end": "00:26:09", "text": "there was cause for concern. Me and Dezy"}, {"start": "00:26:07", "end": "00:26:11", "text": "started watching the channel a lot more"}, {"start": "00:26:09", "end": "00:26:13", "text": "closely, and it just felt like there was"}, {"start": "00:26:11", "end": "00:26:15", "text": "some sort of magnet pulling us at least"}, {"start": "00:26:13", "end": "00:26:18", "text": "to the bottom end of the channel. Well,"}, {"start": "00:26:15", "end": "00:26:20", "text": "as the famous words of Piano Matty Bgo,"}, {"start": "00:26:18", "end": "00:26:21", "text": "Lord love a duck. We are getting right"}, {"start": "00:26:20", "end": "00:26:23", "text": "there. So,"}, {"start": "00:26:21", "end": "00:26:25", "text": ">> so the question you wanted me to ask,"}, {"start": "00:26:23", "end": "00:26:28", "text": "and I just poll in there, is what is Max"}, {"start": "00:26:25", "end": "00:26:31", "text": "Pain? Is it sideways for the next 6"}, {"start": "00:26:28", "end": "00:26:33", "text": "months just brutal chop or is it a"}, {"start": "00:26:31", "end": "00:26:35", "text": "brutal wick to the downside below 50k"}, {"start": "00:26:33", "end": "00:26:37", "text": "and we see the 40s like where and now"}, {"start": "00:26:35", "end": "00:26:39", "text": "and there's two kind of there's two ways"}, {"start": "00:26:37", "end": "00:26:41", "text": "to frame this you got max pain for the"}, {"start": "00:26:39", "end": "00:26:44", "text": "market and max pain for yourself"}, {"start": "00:26:41", "end": "00:26:45", "text": "personally so I would you know well"}, {"start": "00:26:44", "end": "00:26:46", "text": "what's your answer and then chat you"}, {"start": "00:26:45", "end": "00:26:48", "text": "tell us what do you think because I'm"}, {"start": "00:26:46", "end": "00:26:50", "text": "really curious what the chat thinks on"}, {"start": "00:26:48", "end": "00:26:52", "text": "what is max pain it's a good question"}, {"start": "00:26:50", "end": "00:26:55", "text": "because that's always what you need to"}, {"start": "00:26:52", "end": "00:26:58", "text": "be looking at is you know what's going"}, {"start": "00:26:55", "end": "00:26:59", "text": "to cause max capitulation that big money"}, {"start": "00:26:58", "end": "00:27:02", "text": "can take advantage of."}, {"start": "00:26:59", "end": "00:27:03", "text": ">> Yeah, I think you know from and and I'm"}, {"start": "00:27:02", "end": "00:27:06", "text": "talking about the market, not me"}, {"start": "00:27:03", "end": "00:27:09", "text": "personally. I think you know a crash to"}, {"start": "00:27:06", "end": "00:27:12", "text": "50k or a violent move down to 50k will"}, {"start": "00:27:09", "end": "00:27:14", "text": "be an apocalypse for altcoins. A lot of"}, {"start": "00:27:12", "end": "00:27:15", "text": "different altcoins that are just"}, {"start": "00:27:14", "end": "00:27:16", "text": "speculation"}, {"start": "00:27:15", "end": "00:27:18", "text": ">> are probably going to die if that"}, {"start": "00:27:16", "end": "00:27:21", "text": "happens, right? They're barely holding"}, {"start": "00:27:18", "end": "00:27:25", "text": "on and Bitcoin's not even dropped out of"}, {"start": "00:27:21", "end": "00:27:27", "text": "this range. It's and I actually hope for"}, {"start": "00:27:25", "end": "00:27:29", "text": "the chop zone. And the chop zone is"}, {"start": "00:27:27", "end": "00:27:30", "text": "something I highlighted in that video"}, {"start": "00:27:29", "end": "00:27:32", "text": "yesterday. And if you guys get a ch,"}, {"start": "00:27:30", "end": "00:27:33", "text": "please do go check this video out. Help"}, {"start": "00:27:32", "end": "00:27:36", "text": "me out. It's the best altcoins of 2026"}, {"start": "00:27:33", "end": "00:27:38", "text": "buying season. I covered the chop zone"}, {"start": "00:27:36", "end": "00:27:43", "text": "very specifically. And the chop zone is"}, {"start": "00:27:38", "end": "00:27:46", "text": "where I've hammered into altcoins in,"}, {"start": "00:27:43", "end": "00:27:48", "text": "you know, each cycle. Like I don't like"}, {"start": "00:27:46", "end": "00:27:51", "text": "buying altcoins after we're deep into"}, {"start": "00:27:48", "end": "00:27:54", "text": "the green money flow for Bitcoin. Like"}, {"start": "00:27:51", "end": "00:27:57", "text": "let's say here in in 2024, perfect"}, {"start": "00:27:54", "end": "00:27:59", "text": "example. Do you remember how hopeful and"}, {"start": "00:27:57", "end": "00:28:00", "text": "excited we were about altcoins in the"}, {"start": "00:27:59", "end": "00:28:01", "text": "beginning of 2024?"}, {"start": "00:28:00", "end": "00:28:04", "text": ">> Yeah."}, {"start": "00:28:01", "end": "00:28:06", "text": ">> And I had a lot of financial goals that"}, {"start": "00:28:04", "end": "00:28:07", "text": "I had for myself to accomplish with"}, {"start": "00:28:06", "end": "00:28:10", "text": "altcoins"}, {"start": "00:28:07", "end": "00:28:14", "text": ">> that were hit too early. They were hit"}, {"start": "00:28:10", "end": "00:28:18", "text": "in uh March of 2024. So, I actually sold"}, {"start": "00:28:14", "end": "00:28:20", "text": "a like like 90% of my alts to make this"}, {"start": "00:28:18", "end": "00:28:23", "text": "stuff happen for my property and stuff"}, {"start": "00:28:20", "end": "00:28:25", "text": "that I promised my family. So, I sold a"}, {"start": "00:28:23", "end": "00:28:28", "text": "lot of my altcoins here and I felt like"}, {"start": "00:28:25", "end": "00:28:33", "text": "a total [�__�] Near was like $16 or"}, {"start": "00:28:28", "end": "00:28:34", "text": "something. ICP peaked up to like $18 at"}, {"start": "00:28:33", "end": "00:28:40", "text": "this little peak"}, {"start": "00:28:34", "end": "00:28:41", "text": ">> for uh for and AVAC. Avac went to $52"}, {"start": "00:28:40", "end": "00:28:43", "text": "and now we're sitting here celebrating"}, {"start": "00:28:41", "end": "00:28:48", "text": "that it's breaking 10 bucks. Yeah. It's"}, {"start": "00:28:43", "end": "00:28:50", "text": "like, you know, so I like buying alts."}, {"start": "00:28:48", "end": "00:28:52", "text": "Exactly. Here. I like buying alts in the"}, {"start": "00:28:50", "end": "00:28:54", "text": "chop zone where you start to peek your"}, {"start": "00:28:52", "end": "00:28:55", "text": "little head into the green and you start"}, {"start": "00:28:54", "end": "00:28:59", "text": "chopping back and forth on the money"}, {"start": "00:28:55", "end": "00:29:02", "text": "flow, but you're building uh strength"}, {"start": "00:28:59", "end": "00:29:05", "text": "right along the way. So, it's basically,"}, {"start": "00:29:02", "end": "00:29:08", "text": "you know, highlighted here. I was"}, {"start": "00:29:05", "end": "00:29:10", "text": "slightly toe dipping, but when I saw"}, {"start": "00:29:08", "end": "00:29:12", "text": "this moment and the real takeoff happen"}, {"start": "00:29:10", "end": "00:29:14", "text": "for Bitcoin, I knew that it was my"}, {"start": "00:29:12", "end": "00:29:16", "text": "moment right there in September in"}, {"start": "00:29:14", "end": "00:29:18", "text": "October of 2023. And then the time"}, {"start": "00:29:16", "end": "00:29:19", "text": "before that, uh, Market Cipher is a"}, {"start": "00:29:18", "end": "00:29:23", "text": "great tool, by the way. If you guys"}, {"start": "00:29:19", "end": "00:29:24", "text": "don't, I really like understanding money"}, {"start": "00:29:23", "end": "00:29:26", "text": "flow on a weekly time frame for Bitcoin"}, {"start": "00:29:24", "end": "00:29:29", "text": "to time out, when to go in and out of"}, {"start": "00:29:26", "end": "00:29:31", "text": "alts, you know, I and because Bitcoin is"}, {"start": "00:29:29", "end": "00:29:35", "text": "a consistent buy for me, but knowing"}, {"start": "00:29:31", "end": "00:29:37", "text": "when your plants are about to ripen,"}, {"start": "00:29:35", "end": "00:29:39", "text": "right? That's that's a good metaphor."}, {"start": "00:29:37", "end": "00:29:43", "text": "So, a lot of us in altcoins, I'm a"}, {"start": "00:29:39", "end": "00:29:46", "text": "gardener, right? And if I were to go,"}, {"start": "00:29:43", "end": "00:29:48", "text": "okay, here's a good example. My daughter"}, {"start": "00:29:46", "end": "00:29:51", "text": "goes and pulls all of the peas off of"}, {"start": "00:29:48", "end": "00:29:53", "text": "the pea plants the moment that they look"}, {"start": "00:29:51", "end": "00:29:55", "text": "good to her, but they're not ripe."}, {"start": "00:29:53", "end": "00:29:57", "text": ">> Right? The moment that they look good,"}, {"start": "00:29:55", "end": "00:29:59", "text": "she goes in, she takes them, they're not"}, {"start": "00:29:57", "end": "00:30:01", "text": "ripe, she doesn't eat them all, and then"}, {"start": "00:29:59", "end": "00:30:03", "text": "I have to go and eat tasteless fiber"}, {"start": "00:30:01", "end": "00:30:08", "text": "just because I'm not a wasteful person,"}, {"start": "00:30:03", "end": "00:30:10", "text": "right? So, if you're buying alts on, you"}, {"start": "00:30:08", "end": "00:30:11", "text": "know, on the way down or when we're"}, {"start": "00:30:10", "end": "00:30:14", "text": "sitting here trying to realize that"}, {"start": "00:30:11", "end": "00:30:16", "text": "we're not going to go to zero, you're"}, {"start": "00:30:14", "end": "00:30:17", "text": "not going to have the best gain, right?"}, {"start": "00:30:16", "end": "00:30:20", "text": "Because you're going to have to sit"}, {"start": "00:30:17", "end": "00:30:21", "text": "there and wait for a year or a half a"}, {"start": "00:30:20", "end": "00:30:22", "text": "year for the alts to actually start"}, {"start": "00:30:21", "end": "00:30:25", "text": "ripping. So, I like to wait for this"}, {"start": "00:30:22", "end": "00:30:27", "text": "chop zone to begin on Bitcoin's weekly"}, {"start": "00:30:25", "end": "00:30:29", "text": "money flow. And you can see it's proven"}, {"start": "00:30:27", "end": "00:30:32", "text": "here again, you know, when we dropped"}, {"start": "00:30:29", "end": "00:30:35", "text": "from 2017's high down to the 3K range."}, {"start": "00:30:32", "end": "00:30:37", "text": "The chop zone actually began when"}, {"start": "00:30:35", "end": "00:30:39", "text": "Bitcoin ran up, I think it was like the"}, {"start": "00:30:37", "end": "00:30:43", "text": "13K or something like that. Yeah, it was"}, {"start": "00:30:39", "end": "00:30:45", "text": "it 13K. But we had a chop zone of green"}, {"start": "00:30:43", "end": "00:30:46", "text": "and red money flow afterwards. Like we"}, {"start": "00:30:45", "end": "00:30:49", "text": "realized we're not dead after building"}, {"start": "00:30:46", "end": "00:30:52", "text": "ourselves out of this zone. But through"}, {"start": "00:30:49", "end": "00:30:55", "text": "this whole chop zone right here in"}, {"start": "00:30:52", "end": "00:30:57", "text": "price, the momentum waves are building"}, {"start": "00:30:55", "end": "00:30:59", "text": "higher lows and you're starting to see"}, {"start": "00:30:57", "end": "00:31:03", "text": "the momentum come back to the market."}, {"start": "00:30:59", "end": "00:31:06", "text": "So, I actually wait for this chop zone"}, {"start": "00:31:03", "end": "00:31:08", "text": "specifically on the weekly money flow to"}, {"start": "00:31:06", "end": "00:31:10", "text": "know that it's all right to go back in"}, {"start": "00:31:08", "end": "00:31:11", "text": "alts because I won't have to sit there"}, {"start": "00:31:10", "end": "00:31:13", "text": "for two years holding them and then"}, {"start": "00:31:11", "end": "00:31:14", "text": "questioning everything in my life."}, {"start": "00:31:13", "end": "00:31:16", "text": ">> Well, that's great. And this this is the"}, {"start": "00:31:14", "end": "00:31:18", "text": "perfect question. So, from Apollo,"}, {"start": "00:31:16", "end": "00:31:20", "text": "better to buy alts or Bitcoin right now?"}, {"start": "00:31:18", "end": "00:31:22", "text": "Like, let's to take that all of that"}, {"start": "00:31:20", "end": "00:31:23", "text": "analysis and let's turn it into reality."}, {"start": "00:31:22", "end": "00:31:25", "text": "Are are where are we at? If you're"}, {"start": "00:31:23", "end": "00:31:27", "text": "buying today,"}, {"start": "00:31:25", "end": "00:31:28", "text": ">> is are we in that chop zone? Is it time"}, {"start": "00:31:27", "end": "00:31:30", "text": "to buy altcoins?"}, {"start": "00:31:28", "end": "00:31:32", "text": ">> I'm buying Bitcoin right now. Yeah."}, {"start": "00:31:30", "end": "00:31:35", "text": ">> Bitcoin and Tether remain my favorite"}, {"start": "00:31:32", "end": "00:31:39", "text": "thing until, you know, cuz this weekly"}, {"start": "00:31:35", "end": "00:31:42", "text": "money flow looks like it's very tired."}, {"start": "00:31:39", "end": "00:31:44", "text": "And so, it was a short-lived downturn,"}, {"start": "00:31:42", "end": "00:31:47", "text": "short-lived upturn. I expect and this is"}, {"start": "00:31:44", "end": "00:31:49", "text": "a bullish scenario for us to peak our"}, {"start": "00:31:47", "end": "00:31:53", "text": "head back into the red money flow. Now"}, {"start": "00:31:49", "end": "00:31:55", "text": "the big question is does the 70 to 60"}, {"start": "00:31:53", "end": "00:31:57", "text": "range hold up as support during that"}, {"start": "00:31:55", "end": "00:32:00", "text": "time frame, right? Because we could see"}, {"start": "00:31:57", "end": "00:32:02", "text": "and this is where a lot of this is out"}, {"start": "00:32:00", "end": "00:32:03", "text": "of the charts hands and a lot a lot of"}, {"start": "00:32:02", "end": "00:32:06", "text": "this is out of Bitcoin buyers hands"}, {"start": "00:32:03", "end": "00:32:10", "text": "because we're beholden to macroeconomic"}, {"start": "00:32:06", "end": "00:32:12", "text": "events right now. But Bitcoin will walk"}, {"start": "00:32:10", "end": "00:32:14", "text": "to its own tune during this time to a"}, {"start": "00:32:12", "end": "00:32:18", "text": "degree. So, I think that, you know,"}, {"start": "00:32:14", "end": "00:32:20", "text": "waiting until I see the money flow just"}, {"start": "00:32:18", "end": "00:32:23", "text": "barely go into the red and then fail to"}, {"start": "00:32:20", "end": "00:32:25", "text": "move lower, that's my moment. And"}, {"start": "00:32:23", "end": "00:32:26", "text": "actually, that lines up to about, you"}, {"start": "00:32:25", "end": "00:32:28", "text": "know, between August, September, and"}, {"start": "00:32:26", "end": "00:32:31", "text": "October of this year, right? Kind of"}, {"start": "00:32:28", "end": "00:32:34", "text": "like the end time frame of this year"}, {"start": "00:32:31", "end": "00:32:37", "text": "where a lot of people have completely"}, {"start": "00:32:34", "end": "00:32:39", "text": "given up, right? And that's where I like"}, {"start": "00:32:37", "end": "00:32:41", "text": "to go into all because you taught me"}, {"start": "00:32:39", "end": "00:32:43", "text": "this lesson. you taught me this lesson"}, {"start": "00:32:41", "end": "00:32:46", "text": "even though I accidentally did it really"}, {"start": "00:32:43", "end": "00:32:47", "text": "good in the 2020 market. You know,"}, {"start": "00:32:46", "end": "00:32:50", "text": "sitting there on the blockchain basement"}, {"start": "00:32:47", "end": "00:32:54", "text": "and we were I was fomoing to buy a bunch"}, {"start": "00:32:50", "end": "00:32:56", "text": "of altcoins. I was fomo f I was foaming"}, {"start": "00:32:54", "end": "00:32:58", "text": "at the mouth to buy all the altcoins way"}, {"start": "00:32:56", "end": "00:33:01", "text": "too early because I had so much luck in"}, {"start": "00:32:58", "end": "00:33:03", "text": "the 21 bull market. But being patient"}, {"start": "00:33:01", "end": "00:33:05", "text": "and waiting to unwind until that"}, {"start": "00:33:03", "end": "00:33:06", "text": "September 23 moment until I saw that"}, {"start": "00:33:05", "end": "00:33:09", "text": "confirmation,"}, {"start": "00:33:06", "end": "00:33:11", "text": ">> it it saved my my ass. It did. It saved"}, {"start": "00:33:09", "end": "00:33:13", "text": "my ass. So, I'm just showing you guys"}, {"start": "00:33:11", "end": "00:33:15", "text": "this metric. I know this isn't the most"}, {"start": "00:33:13", "end": "00:33:17", "text": "sexy news for the day, but honestly,"}, {"start": "00:33:15", "end": "00:33:19", "text": "Bitcoin's price isn't very sexy, unless"}, {"start": "00:33:17", "end": "00:33:22", "text": "you like cheap Bitcoin, right? And"}, {"start": "00:33:19", "end": "00:33:24", "text": "that's where the mindset shift, uh, you"}, {"start": "00:33:22", "end": "00:33:25", "text": "know, really lies. So, uh, I want to"}, {"start": "00:33:24", "end": "00:33:27", "text": "check out the chat here."}, {"start": "00:33:25", "end": "00:33:28", "text": ">> Well, where Yeah. Where do you where do"}, {"start": "00:33:27", "end": "00:33:30", "text": "you think we're going in the short term?"}, {"start": "00:33:28", "end": "00:33:31", "text": "Like, do you Let's look at this. You"}, {"start": "00:33:30", "end": "00:33:33", "text": "know, I know you guys have been talking"}, {"start": "00:33:31", "end": "00:33:35", "text": "about losing the midpoint of that"}, {"start": "00:33:33", "end": "00:33:37", "text": "channel, which obviously just happened."}, {"start": "00:33:35", "end": "00:33:39", "text": "You know, chat's still asking. I mean,"}, {"start": "00:33:37", "end": "00:33:41", "text": "have you ch are you are you coming"}, {"start": "00:33:39", "end": "00:33:43", "text": "around where where are you guys on 59K"}, {"start": "00:33:41", "end": "00:33:44", "text": "is the bottom? Are you"}, {"start": "00:33:43", "end": "00:33:46", "text": ">> I think 60 defends."}, {"start": "00:33:44", "end": "00:33:48", "text": ">> So, you think 60 do you think we get"}, {"start": "00:33:46", "end": "00:33:49", "text": "close to it again or do you think 70"}, {"start": "00:33:48", "end": "00:33:51", "text": "holds or"}, {"start": "00:33:49", "end": "00:33:53", "text": ">> Yeah, probably usually when I see a W"}, {"start": "00:33:51", "end": "00:33:55", "text": "pattern, even if you're starting a"}, {"start": "00:33:53", "end": "00:33:58", "text": "bullish uh setup, you vibe check the"}, {"start": "00:33:55", "end": "00:34:00", "text": "center point, you know, and the center"}, {"start": "00:33:58", "end": "00:34:04", "text": "point of this W pattern is these two"}, {"start": "00:34:00", "end": "00:34:06", "text": "huge uh green and red weekly candles. So"}, {"start": "00:34:04", "end": "00:34:10", "text": "this spot right here, if I were a"}, {"start": "00:34:06", "end": "00:34:13", "text": "betting man, which I am, it's basically"}, {"start": "00:34:10", "end": "00:34:15", "text": "between 65 to 69K, I think, is actually"}, {"start": "00:34:13", "end": "00:34:18", "text": "where we find that bounce. I think we"}, {"start": "00:34:15", "end": "00:34:20", "text": "break this, then all the bears on CT"}, {"start": "00:34:18", "end": "00:34:22", "text": "will celebrate and be like, I told you"}, {"start": "00:34:20", "end": "00:34:24", "text": "so. We're going to 5K, we're going to"}, {"start": "00:34:22", "end": "00:34:26", "text": "10K, whatever they want to say. Kind of"}, {"start": "00:34:24", "end": "00:34:30", "text": "squeeze the fear out of the moment. Um,"}, {"start": "00:34:26", "end": "00:34:33", "text": "but I think that uh basically 60k range"}, {"start": "00:34:30", "end": "00:34:35", "text": "is going to be a secondary balance point"}, {"start": "00:34:33", "end": "00:34:36", "text": "unless and this of course we could"}, {"start": "00:34:35", "end": "00:34:38", "text": "change everything and have another"}, {"start": "00:34:36", "end": "00:34:40", "text": "lockdown or I just don't think people"}, {"start": "00:34:38", "end": "00:34:42", "text": "care about lockdowns."}, {"start": "00:34:40", "end": "00:34:44", "text": ">> I don't think that they like they tried"}, {"start": "00:34:42", "end": "00:34:45", "text": "to roll the hentai thing out and no one"}, {"start": "00:34:44", "end": "00:34:46", "text": "cared."}, {"start": "00:34:45", "end": "00:34:47", "text": ">> Nobody cared about aliens."}, {"start": "00:34:46", "end": "00:34:48", "text": ">> Nobody cares about anything anymore."}, {"start": "00:34:47", "end": "00:34:51", "text": "Everybody's exhaust everybody's"}, {"start": "00:34:48", "end": "00:34:53", "text": "exhausted and tired of all this"}, {"start": "00:34:51", "end": "00:34:55", "text": "craziness. But I think I agree here with"}, {"start": "00:34:53", "end": "00:34:56", "text": "Randy to an extent that the real move"}, {"start": "00:34:55", "end": "00:34:58", "text": "happens after the next Fed meeting."}, {"start": "00:34:56", "end": "00:34:59", "text": "Investors will get a better"}, {"start": "00:34:58", "end": "00:35:01", "text": "understanding of what direction WASH is"}, {"start": "00:34:59", "end": "00:35:03", "text": "going to take the market and be be"}, {"start": "00:35:01", "end": "00:35:06", "text": "patient. And this is again I was saying"}, {"start": "00:35:03", "end": "00:35:08", "text": "this in January of last year, December"}, {"start": "00:35:06", "end": "00:35:09", "text": "that it that's why I keep kept saying"}, {"start": "00:35:08", "end": "00:35:11", "text": "this summer is going to be interesting"}, {"start": "00:35:09", "end": "00:35:13", "text": "because we should have clarity. We'll"}, {"start": "00:35:11", "end": "00:35:14", "text": "have a new Fed chair. He I think his"}, {"start": "00:35:13", "end": "00:35:16", "text": "first meeting is coming up. I think it's"}, {"start": "00:35:14", "end": "00:35:18", "text": "in June I think is his first one where"}, {"start": "00:35:16", "end": "00:35:18", "text": "he's going to come out and really do"}, {"start": "00:35:18", "end": "00:35:20", "text": "some stuff."}, {"start": "00:35:18", "end": "00:35:21", "text": ">> You know, very split, you know. Oh,"}, {"start": "00:35:20", "end": "00:35:22", "text": "people saying he's going to be hawkish."}, {"start": "00:35:21", "end": "00:35:24", "text": "people saying he's going to be dovish"}, {"start": "00:35:22", "end": "00:35:27", "text": "and you know very mixed bag and nobody"}, {"start": "00:35:24", "end": "00:35:28", "text": "really knows what he's going to do and"}, {"start": "00:35:27", "end": "00:35:32", "text": "one thing the market hates the most is"}, {"start": "00:35:28", "end": "00:35:34", "text": "uncertainty. So I do think again every"}, {"start": "00:35:32", "end": "00:35:35", "text": "meeting that goes by with him I agree"}, {"start": "00:35:34", "end": "00:35:37", "text": "that that's going to happen once we can"}, {"start": "00:35:35", "end": "00:35:39", "text": "get the clarity that's going to help"}, {"start": "00:35:37", "end": "00:35:41", "text": "once we can get some resolution with"}, {"start": "00:35:39", "end": "00:35:43", "text": "some of these geopolitical things that's"}, {"start": "00:35:41", "end": "00:35:45", "text": "going to help but uh I think we're"}, {"start": "00:35:43", "end": "00:35:47", "text": "through the max pain and and"}, {"start": "00:35:45", "end": "00:35:50", "text": "realistically for a lot of people max"}, {"start": "00:35:47", "end": "00:35:52", "text": "pain is going to be a violent upside now"}, {"start": "00:35:50", "end": "00:35:54", "text": "it's not really pain because it's you"}, {"start": "00:35:52", "end": "00:35:56", "text": "know opportunity loss versus having to"}, {"start": "00:35:54", "end": "00:35:59", "text": "unwind positions generally speaking for"}, {"start": "00:35:56", "end": "00:36:02", "text": "the market a fast way like if we were to"}, {"start": "00:35:59", "end": "00:36:03", "text": "you know, 1010 kind of wick down to 440K"}, {"start": "00:36:02", "end": "00:36:05", "text": "like that would that would definitely"}, {"start": "00:36:03", "end": "00:36:07", "text": "wipe out some firms, have people"}, {"start": "00:36:05", "end": "00:36:09", "text": "unrolling positions. And that was what"}, {"start": "00:36:07", "end": "00:36:10", "text": "was most interesting to me. You and I"}, {"start": "00:36:09", "end": "00:36:13", "text": "were talking about before the show with"}, {"start": "00:36:10", "end": "00:36:14", "text": "the strategy news with where they bought"}, {"start": "00:36:13", "end": "00:36:19", "text": "back that debt for 13%. You know, it was"}, {"start": "00:36:14", "end": "00:36:20", "text": "a 1.5. Somebody was owed 1.5 billion and"}, {"start": "00:36:19", "end": "00:36:23", "text": "said, \"You know what? I don't want to"}, {"start": "00:36:20", "end": "00:36:25", "text": "wait. I want one. I'll pay I'll take 1.3"}, {"start": "00:36:23", "end": "00:36:27", "text": "billion instead of 1.5 if you give it to"}, {"start": "00:36:25", "end": "00:36:29", "text": "me now.\" Yeah. They're willing to take a"}, {"start": "00:36:27", "end": "00:36:30", "text": "$200 million haircut"}, {"start": "00:36:29", "end": "00:36:31", "text": ">> just to get it now."}, {"start": "00:36:30", "end": "00:36:33", "text": ">> And to his credit, DC brought up a lot"}, {"start": "00:36:31", "end": "00:36:34", "text": "of concerns with the dividend payments"}, {"start": "00:36:33", "end": "00:36:36", "text": "after that, too."}, {"start": "00:36:34", "end": "00:36:38", "text": ">> A lot of people Yeah. And that to me is,"}, {"start": "00:36:36", "end": "00:36:40", "text": "you know, it's immaterial. They have"}, {"start": "00:36:38", "end": "00:36:42", "text": "plenty of time to pay those. You know,"}, {"start": "00:36:40", "end": "00:36:44", "text": "they've got it's the balance. Go find me"}, {"start": "00:36:42", "end": "00:36:46", "text": "a better balance sheet, healthier"}, {"start": "00:36:44", "end": "00:36:49", "text": "company. Like, you can't. There's no"}, {"start": "00:36:46", "end": "00:36:51", "text": "company that has that many assets to"}, {"start": "00:36:49", "end": "00:36:53", "text": "debt ratio with money coming in. Like,"}, {"start": "00:36:51", "end": "00:36:54", "text": "there it's a extremely financially"}, {"start": "00:36:53", "end": "00:36:56", "text": "stable company."}, {"start": "00:36:54", "end": "00:36:58", "text": ">> Yeah. And that's able to like when a"}, {"start": "00:36:56", "end": "00:37:01", "text": "when an investor says, \"Hey, you know,"}, {"start": "00:36:58", "end": "00:37:02", "text": "like can you give us 1.3 billion and"}, {"start": "00:37:01", "end": "00:37:02", "text": "we'll we'll let that save you $200"}, {"start": "00:37:02", "end": "00:37:04", "text": "million.\""}, {"start": "00:37:02", "end": "00:37:04", "text": ">> That does say a lot that they can just"}, {"start": "00:37:04", "end": "00:37:05", "text": "whip it up."}, {"start": "00:37:04", "end": "00:37:06", "text": ">> Oh, yeah. Here you go."}, {"start": "00:37:05", "end": "00:37:08", "text": ">> Yeah, that does say a lot."}, {"start": "00:37:06", "end": "00:37:09", "text": ">> We just made $200 million,"}, {"start": "00:37:08", "end": "00:37:11", "text": ">> right? I don't know many people that can"}, {"start": "00:37:09", "end": "00:37:11", "text": "just pull 1.3 bill out of their back"}, {"start": "00:37:11", "end": "00:37:14", "text": "pocket."}, {"start": "00:37:11", "end": "00:37:15", "text": ">> So, but but to me, the the story again,"}, {"start": "00:37:14", "end": "00:37:17", "text": "like this is what I'm talking about. The"}, {"start": "00:37:15", "end": "00:37:19", "text": "noise is"}, {"start": "00:37:17", "end": "00:37:21", "text": "dividends. The noise is, oh, you know,"}, {"start": "00:37:19", "end": "00:37:23", "text": "why did you you know, this is 0% debt."}, {"start": "00:37:21", "end": "00:37:26", "text": "Why are you taking it back? But the"}, {"start": "00:37:23", "end": "00:37:28", "text": "signal underneath it is somebody needed"}, {"start": "00:37:26", "end": "00:37:29", "text": "$1.3 billion fast."}, {"start": "00:37:28", "end": "00:37:30", "text": ">> Mhm. Mhm."}, {"start": "00:37:29", "end": "00:37:30", "text": ">> Why?"}, {"start": "00:37:30", "end": "00:37:31", "text": ">> Yeah."}, {"start": "00:37:30", "end": "00:37:32", "text": ">> Is it is it who"}, {"start": "00:37:31", "end": "00:37:33", "text": ">> what if it's"}, {"start": "00:37:32", "end": "00:37:36", "text": ">> are they trying to save something else"}, {"start": "00:37:33", "end": "00:37:37", "text": "from unraveling? Are they you know is it"}, {"start": "00:37:36", "end": "00:37:39", "text": "treasury stuff? Is it Yeah. Is it a"}, {"start": "00:37:37", "end": "00:37:41", "text": "private equity firm that's"}, {"start": "00:37:39", "end": "00:37:43", "text": ">> remember that the private credit back"}, {"start": "00:37:41", "end": "00:37:44", "text": "door that got closed by Black Rockck"}, {"start": "00:37:43", "end": "00:37:46", "text": ">> like two or three months ago?"}, {"start": "00:37:44", "end": "00:37:47", "text": ">> Well, and it's the same parties of"}, {"start": "00:37:46", "end": "00:37:48", "text": "investors and all of these things. So,"}, {"start": "00:37:47", "end": "00:37:50", "text": "it's like, oh, hey, they went to pull"}, {"start": "00:37:48", "end": "00:37:51", "text": "private equity money. Oh, no. I can't."}, {"start": "00:37:50", "end": "00:37:52", "text": "All right. I'm going to pull it from"}, {"start": "00:37:51", "end": "00:37:55", "text": "over here. Yeah."}, {"start": "00:37:52", "end": "00:37:57", "text": ">> And you know, micro and it's and it's a"}, {"start": "00:37:55", "end": "00:37:59", "text": "relationship that even if on paper it"}, {"start": "00:37:57", "end": "00:38:01", "text": "doesn't make sense. You know, you can"}, {"start": "00:37:59", "end": "00:38:03", "text": "justify it with the discount,"}, {"start": "00:38:01", "end": "00:38:06", "text": ">> but the logic says like, wait, why are"}, {"start": "00:38:03", "end": "00:38:06", "text": "you it's 0% debt that's not due till"}, {"start": "00:38:06", "end": "00:38:08", "text": "2029."}, {"start": "00:38:06", "end": "00:38:08", "text": ">> You just really need that money right"}, {"start": "00:38:08", "end": "00:38:10", "text": "now."}, {"start": "00:38:08", "end": "00:38:12", "text": ">> Yeah. Why would you or strategy? Why"}, {"start": "00:38:10", "end": "00:38:14", "text": "would you not buy Bitcoin and pay the"}, {"start": "00:38:12", "end": "00:38:16", "text": "debt later? Like logically, that's kind"}, {"start": "00:38:14", "end": "00:38:18", "text": "of your thesis. You have 0% debt. Why"}, {"start": "00:38:16", "end": "00:38:20", "text": "are you doing it? But it might be a"}, {"start": "00:38:18", "end": "00:38:22", "text": "investor relationship they want to"}, {"start": "00:38:20", "end": "00:38:23", "text": "maintain. Like there's a lot of nuance"}, {"start": "00:38:22", "end": "00:38:24", "text": "to all this stuff that I think people"}, {"start": "00:38:23", "end": "00:38:24", "text": "lose."}, {"start": "00:38:24", "end": "00:38:26", "text": ">> Yeah."}, {"start": "00:38:24", "end": "00:38:28", "text": ">> And that's your job if you're an"}, {"start": "00:38:26", "end": "00:38:30", "text": "investor. That's our job here is to look"}, {"start": "00:38:28", "end": "00:38:31", "text": "down beneath the headline and and try to"}, {"start": "00:38:30", "end": "00:38:33", "text": "find the signal."}, {"start": "00:38:31", "end": "00:38:34", "text": ">> Yeah. Well, the crypto Twitter's having"}, {"start": "00:38:33", "end": "00:38:36", "text": "their way with Sailor after this."}, {"start": "00:38:34", "end": "00:38:39", "text": ">> I'm sure they have. They always have"}, {"start": "00:38:36", "end": "00:38:40", "text": "been. Aaylor gives this many Fs."}, {"start": "00:38:39", "end": "00:38:43", "text": ">> Yeah. They're putting him in a"}, {"start": "00:38:40", "end": "00:38:45", "text": "McDonald's outfit this morning. Um and"}, {"start": "00:38:43", "end": "00:38:48", "text": "this is actually posted at a higher"}, {"start": "00:38:45", "end": "00:38:52", "text": "Bitcoin price. The net loss or you know"}, {"start": "00:38:48", "end": "00:38:55", "text": "underwater is 8.4. 4 billion, right? But"}, {"start": "00:38:52", "end": "00:38:59", "text": "not to be outdone, we have Tom Lee who"}, {"start": "00:38:55", "end": "00:39:02", "text": "is Tom Lee's portfolio is down 8 billion"}, {"start": "00:38:59", "end": "00:39:04", "text": "on Ethereum. And honestly, I'm more cons"}, {"start": "00:39:02", "end": "00:39:06", "text": "like if I look at Bitcoin's chart, this"}, {"start": "00:39:04", "end": "00:39:08", "text": "look, yeah, sure, we got some uh"}, {"start": "00:39:06", "end": "00:39:12", "text": "headwinds, but this zone right here at"}, {"start": "00:39:08", "end": "00:39:14", "text": "60K was a very sharp bounce point. And"}, {"start": "00:39:12", "end": "00:39:18", "text": "Bitcoin honestly doesn't look that bad."}, {"start": "00:39:14", "end": "00:39:21", "text": "But when I look at Ethereum's chart,"}, {"start": "00:39:18", "end": "00:39:24", "text": "this is Ethereum's chart. This brings up"}, {"start": "00:39:21", "end": "00:39:27", "text": "way more cause for concern for me. Um,"}, {"start": "00:39:24", "end": "00:39:30", "text": "you know, and yeah, it's like writing a"}, {"start": "00:39:27", "end": "00:39:33", "text": "TR, but the higher lows trend line is"}, {"start": "00:39:30", "end": "00:39:36", "text": "broken on Ethereum's larger chart time"}, {"start": "00:39:33", "end": "00:39:39", "text": "frame. And this mark I had this between"}, {"start": "00:39:36", "end": "00:39:41", "text": "like $2,000 to $2,300"}, {"start": "00:39:39", "end": "00:39:45", "text": "is basically acting as resistance right"}, {"start": "00:39:41", "end": "00:39:48", "text": "now which you know I mean this does not"}, {"start": "00:39:45", "end": "00:39:51", "text": "bring out of question ETH going to $16"}, {"start": "00:39:48", "end": "00:39:53", "text": "$1,500 looking at like"}, {"start": "00:39:51", "end": "00:39:55", "text": ">> ETH is ETH has been brutal. I mean"}, {"start": "00:39:53", "end": "00:39:57", "text": "that's what somebody somebody asked uh"}, {"start": "00:39:55", "end": "00:39:59", "text": "why does Tom Lee always look like he"}, {"start": "00:39:57", "end": "00:40:01", "text": "just survived a car wreck. Did you not"}, {"start": "00:39:59", "end": "00:40:02", "text": "see the post before? because he's"}, {"start": "00:40:01", "end": "00:40:04", "text": "running an ETH treasury company and he's"}, {"start": "00:40:02", "end": "00:40:08", "text": "down 10 million dollars."}, {"start": "00:40:04", "end": "00:40:09", "text": ">> Yeah, man. Like this is a I just see and"}, {"start": "00:40:08", "end": "00:40:10", "text": "and also"}, {"start": "00:40:09", "end": "00:40:12", "text": ">> I'm glad I'm not him because I have a"}, {"start": "00:40:10", "end": "00:40:15", "text": "lot of ETH too and it's it's brutal,"}, {"start": "00:40:12", "end": "00:40:18", "text": ">> dude. I mean, we used to heat our houses"}, {"start": "00:40:15", "end": "00:40:19", "text": "with whale oil and then we moved to like"}, {"start": "00:40:18", "end": "00:40:21", "text": "natural gas and stuff."}, {"start": "00:40:19", "end": "00:40:22", "text": ">> Okay, we're catching me up there."}, {"start": "00:40:21", "end": "00:40:25", "text": ">> I think ETH lost me on that."}, {"start": "00:40:22", "end": "00:40:29", "text": ">> ETH ETH might be the whale oil of crypto"}, {"start": "00:40:25", "end": "00:40:30", "text": "10 20 years from now. Salana, some other"}, {"start": "00:40:29", "end": "00:40:32", "text": "major L1."}, {"start": "00:40:30", "end": "00:40:34", "text": ">> See, now that I don't see like ETH as"}, {"start": "00:40:32", "end": "00:40:36", "text": "far as being used Yeah. and being"}, {"start": "00:40:34", "end": "00:40:39", "text": "critical infrastructure for what crypto"}, {"start": "00:40:36", "end": "00:40:42", "text": "is stronger than ever. Price on chart,"}, {"start": "00:40:39", "end": "00:40:43", "text": "not so much. Yeah. Uh so this is where"}, {"start": "00:40:42", "end": "00:40:46", "text": "you got fund, you know, you know, kind"}, {"start": "00:40:43", "end": "00:40:48", "text": "of contrast between technical analysis"}, {"start": "00:40:46", "end": "00:40:50", "text": "and fundamental analysis. Like"}, {"start": "00:40:48", "end": "00:40:52", "text": "fundamentally, Ethereum's healthier than"}, {"start": "00:40:50", "end": "00:40:55", "text": "it was in 2021. It's healthier than it"}, {"start": "00:40:52", "end": "00:40:57", "text": "was in 2017. It's a better network. It's"}, {"start": "00:40:55", "end": "00:40:58", "text": "a more robust network. market has more"}, {"start": "00:40:57", "end": "00:41:00", "text": "capability, has more users, has more,"}, {"start": "00:40:58", "end": "00:41:02", "text": "you know, infrastructure, payments, all"}, {"start": "00:41:00", "end": "00:41:04", "text": "of that economy"}, {"start": "00:41:02", "end": "00:41:06", "text": ">> better than anything else in crypto. You"}, {"start": "00:41:04", "end": "00:41:07", "text": "know, you've got Bitcoin and Ethereum,"}, {"start": "00:41:06", "end": "00:41:09", "text": "and that's why they're number one and"}, {"start": "00:41:07", "end": "00:41:11", "text": "number two. And there's really nobody"}, {"start": "00:41:09", "end": "00:41:13", "text": "when it comes to actual use."}, {"start": "00:41:11", "end": "00:41:14", "text": ">> Like stable coins, I have to roll on"}, {"start": "00:41:13", "end": "00:41:16", "text": "ETH."}, {"start": "00:41:14", "end": "00:41:17", "text": ">> I mean, everything"}, {"start": "00:41:16", "end": "00:41:19", "text": "that actually does anything in the real"}, {"start": "00:41:17", "end": "00:41:21", "text": "world is on ETH."}, {"start": "00:41:19", "end": "00:41:22", "text": ">> But as a DJ, this doesn't excite me."}, {"start": "00:41:21", "end": "00:41:25", "text": "like it hit a new alltime high by like"}, {"start": "00:41:22", "end": "00:41:27", "text": "30 bucks or something like"}, {"start": "00:41:25", "end": "00:41:30", "text": ">> you know this is so much different of a"}, {"start": "00:41:27", "end": "00:41:32", "text": "graph like from when I was buying it in"}, {"start": "00:41:30", "end": "00:41:33", "text": "COVID time I got this thing for like 180"}, {"start": "00:41:32", "end": "00:41:33", "text": "bucks"}, {"start": "00:41:33", "end": "00:41:34", "text": ">> I know"}, {"start": "00:41:33", "end": "00:41:36", "text": ">> you know"}, {"start": "00:41:34", "end": "00:41:37", "text": ">> I bought my I bought a lot of it to when"}, {"start": "00:41:36", "end": "00:41:40", "text": "I was first getting in you know between"}, {"start": "00:41:37", "end": "00:41:42", "text": "150 and 200 but summit and my lowest buy"}, {"start": "00:41:40", "end": "00:41:46", "text": "on Ethereum ever was $89. Now, I don't"}, {"start": "00:41:42", "end": "00:41:48", "text": "know this this TA on this thing. All"}, {"start": "00:41:46", "end": "00:41:49", "text": "right. So, let me ask myself this and"}, {"start": "00:41:48", "end": "00:41:50", "text": "maybe you."}, {"start": "00:41:49", "end": "00:41:53", "text": ">> Okay."}, {"start": "00:41:50", "end": "00:41:54", "text": ">> Are we going to buy $1,500 Ethereum if"}, {"start": "00:41:53", "end": "00:41:56", "text": "it comes?"}, {"start": "00:41:54", "end": "00:41:58", "text": ">> Like, if this chop continues, like look,"}, {"start": "00:41:56", "end": "00:42:00", "text": "the momentum is very sharp to the"}, {"start": "00:41:58", "end": "00:42:02", "text": "downside on this thing."}, {"start": "00:42:00", "end": "00:42:04", "text": ">> Like, very sharp. And you have a red dot"}, {"start": "00:42:02", "end": "00:42:04", "text": "printing on the downside."}, {"start": "00:42:04", "end": "00:42:08", "text": ">> So, like"}, {"start": "00:42:04", "end": "00:42:10", "text": ">> what's that line uh the bottom of that"}, {"start": "00:42:08", "end": "00:42:11", "text": "that deep V? Yeah, that go up to No, I'm"}, {"start": "00:42:10", "end": "00:42:12", "text": "sorry. on the actual chart."}, {"start": "00:42:11", "end": "00:42:12", "text": ">> Oh, okay."}, {"start": "00:42:12", "end": "00:42:14", "text": ">> Yeah. The"}, {"start": "00:42:12", "end": "00:42:15", "text": ">> that I don't know how to describe this,"}, {"start": "00:42:14", "end": "00:42:16", "text": "but like if you go"}, {"start": "00:42:15", "end": "00:42:17", "text": ">> right here."}, {"start": "00:42:16", "end": "00:42:18", "text": ">> Yeah. Right there. And go to the bottom"}, {"start": "00:42:17", "end": "00:42:19", "text": ">> 1500."}, {"start": "00:42:18", "end": "00:42:20", "text": ">> That's 1500. Yeah."}, {"start": "00:42:19", "end": "00:42:21", "text": ">> Yeah. I would absolutely buy that."}, {"start": "00:42:20", "end": "00:42:21", "text": ">> Yeah."}, {"start": "00:42:21", "end": "00:42:23", "text": ">> Absolutely."}, {"start": "00:42:21", "end": "00:42:24", "text": ">> Cuz I think like looking at this I feel"}, {"start": "00:42:23", "end": "00:42:25", "text": "like"}, {"start": "00:42:24", "end": "00:42:27", "text": ">> previous alltime high really 14 and"}, {"start": "00:42:25", "end": "00:42:30", "text": "change or whatever."}, {"start": "00:42:27", "end": "00:42:31", "text": ">> Uh it was 49."}, {"start": "00:42:30", "end": "00:42:34", "text": ">> Like if you go two cycles ago, the"}, {"start": "00:42:31", "end": "00:42:35", "text": "original like to 20. Yeah, that that's"}, {"start": "00:42:34", "end": "00:42:37", "text": ">> 1423."}, {"start": "00:42:35", "end": "00:42:38", "text": ">> Yeah, that right there is an insane"}, {"start": "00:42:37", "end": "00:42:41", "text": "point of control. And if it hits there,"}, {"start": "00:42:38", "end": "00:42:42", "text": "I'm absolutely I'm absolutely I'd buy"}, {"start": "00:42:41", "end": "00:42:43", "text": "six figures."}, {"start": "00:42:42", "end": "00:42:43", "text": ">> You would?"}, {"start": "00:42:43", "end": "00:42:46", "text": ">> Mhm."}, {"start": "00:42:43", "end": "00:42:49", "text": ">> Okay. Okay. Maybe I'll buy some cuz it"}, {"start": "00:42:46", "end": "00:42:51", "text": "doesn't like I could the probability of"}, {"start": "00:42:49", "end": "00:42:53", "text": "it existing is pretty strong, but the"}, {"start": "00:42:51", "end": "00:42:57", "text": "possibility of it being outdone by"}, {"start": "00:42:53", "end": "00:43:00", "text": "another layer one does exist. Like, you"}, {"start": "00:42:57", "end": "00:43:02", "text": "know, risk reward ratio on ETH would"}, {"start": "00:43:00", "end": "00:43:06", "text": "probably be a lot higher looking at"}, {"start": "00:43:02", "end": "00:43:07", "text": "1500. But again, I'm such a den, dude. I"}, {"start": "00:43:06", "end": "00:43:08", "text": "want like"}, {"start": "00:43:07", "end": "00:43:10", "text": ">> Yeah, but like who what is the other"}, {"start": "00:43:08", "end": "00:43:13", "text": "layer one? You the only other one in the"}, {"start": "00:43:10", "end": "00:43:15", "text": "realm that I can think of is Salana."}, {"start": "00:43:13", "end": "00:43:18", "text": ">> Yeah, true. And that's that's like if"}, {"start": "00:43:15", "end": "00:43:18", "text": "this goes to 1500 Salana's going under"}, {"start": "00:43:18", "end": "00:43:21", "text": "60 bucks,"}, {"start": "00:43:18", "end": "00:43:22", "text": ">> right? So you can choose you can choose,"}, {"start": "00:43:21", "end": "00:43:24", "text": "you know, pick your poison. It's going"}, {"start": "00:43:22", "end": "00:43:26", "text": "to be, you know, and I same. I've got a"}, {"start": "00:43:24", "end": "00:43:30", "text": "lot of both of Ethereum and Salana lot."}, {"start": "00:43:26", "end": "00:43:33", "text": ">> Um I would buy both still. I still see"}, {"start": "00:43:30", "end": "00:43:35", "text": "them being the and but I would put I"}, {"start": "00:43:33", "end": "00:43:36", "text": "would put Salana and Ethereum very"}, {"start": "00:43:35", "end": "00:43:38", "text": "similar to the way I would compare"}, {"start": "00:43:36", "end": "00:43:39", "text": "Morpho and A."}, {"start": "00:43:38", "end": "00:43:42", "text": ">> Yeah, that's a good comparison."}, {"start": "00:43:39", "end": "00:43:43", "text": ">> 10 15 20% market share maybe"}, {"start": "00:43:42", "end": "00:43:44", "text": "comparatively."}, {"start": "00:43:43", "end": "00:43:47", "text": ">> Uh so it's not"}, {"start": "00:43:44", "end": "00:43:50", "text": ">> is it a good product? Yes. Is it have a"}, {"start": "00:43:47", "end": "00:43:52", "text": "shot to gain market share? Yes."}, {"start": "00:43:50", "end": "00:43:55", "text": ">> Is it on par? Not even close."}, {"start": "00:43:52", "end": "00:43:58", "text": ">> Right. Right. Yeah. I mean, this looks"}, {"start": "00:43:55", "end": "00:44:02", "text": "like uh the beatings will continue until"}, {"start": "00:43:58", "end": "00:44:05", "text": "morale improves on Ethereum. Um,"}, {"start": "00:44:02", "end": "00:44:06", "text": "and honestly, you know, with the"}, {"start": "00:44:05", "end": "00:44:09", "text": "trajectory that Bitcoin has, unless"}, {"start": "00:44:06", "end": "00:44:12", "text": "something like insanely great happens"}, {"start": "00:44:09", "end": "00:44:14", "text": "and we can break this downside momentum"}, {"start": "00:44:12", "end": "00:44:16", "text": "and not have to check out the middle 60s"}, {"start": "00:44:14", "end": "00:44:18", "text": "for Bitcoin,"}, {"start": "00:44:16", "end": "00:44:22", "text": "it kind of does look like he's going to"}, {"start": "00:44:18", "end": "00:44:23", "text": "go check out at like 1,700. I don't"}, {"start": "00:44:22", "end": "00:44:25", "text": "know, man."}, {"start": "00:44:23", "end": "00:44:27", "text": "From a TA perspective, this looks like"}, {"start": "00:44:25", "end": "00:44:27", "text": "it's going at least to 1700. All right."}, {"start": "00:44:27", "end": "00:44:31", "text": "So,"}, {"start": "00:44:27", "end": "00:44:31", "text": ">> or 187 1780, you know, the high 1700s,"}, {"start": "00:44:31", "end": "00:44:33", "text": "right?"}, {"start": "00:44:31", "end": "00:44:34", "text": ">> Yeah, it's defended that very strong in"}, {"start": "00:44:33", "end": "00:44:36", "text": "the past."}, {"start": "00:44:34", "end": "00:44:37", "text": ">> Wouldn't surprise me. Um,"}, {"start": "00:44:36", "end": "00:44:39", "text": ">> this crazy looking at this chart. Let's"}, {"start": "00:44:37", "end": "00:44:40", "text": "keep I'm getting stuck on"}, {"start": "00:44:39", "end": "00:44:41", "text": ">> charts. Well, we'll sit here and talk"}, {"start": "00:44:40", "end": "00:44:42", "text": "about Bitcoin price and Ethereum price"}, {"start": "00:44:41", "end": "00:44:44", "text": "all day long."}, {"start": "00:44:42", "end": "00:44:45", "text": ">> Is it you brought up this you're"}, {"start": "00:44:44", "end": "00:44:46", "text": "thinking this is playing into a little"}, {"start": "00:44:45", "end": "00:44:48", "text": "bit of the"}, {"start": "00:44:46", "end": "00:44:49", "text": ">> I do. Yeah. I mean, you got economy"}, {"start": "00:44:48", "end": "00:44:51", "text": "numbers coming out today. We You know,"}, {"start": "00:44:49", "end": "00:44:52", "text": "we're trying to Everything's so great."}, {"start": "00:44:51", "end": "00:44:55", "text": "We're going to grow our way out of it."}, {"start": "00:44:52", "end": "00:44:57", "text": "The forecast was 2% previous 2%. We"}, {"start": "00:44:55", "end": "00:44:59", "text": "actually hit 1.6. So it's, you know, GDP"}, {"start": "00:44:57", "end": "00:45:02", "text": "is not, you know, it's missing"}, {"start": "00:44:59", "end": "00:45:04", "text": "expectations. Uh, this doesn't have the"}, {"start": "00:45:02", "end": "00:45:06", "text": "inflation on it, but inflation hit"}, {"start": "00:45:04", "end": "00:45:08", "text": "expectations, but the expectation was"}, {"start": "00:45:06", "end": "00:45:10", "text": "high. So it's persistently"}, {"start": "00:45:08", "end": "00:45:12", "text": "three and change on the inflation"}, {"start": "00:45:10", "end": "00:45:14", "text": "numbers. So they're not it's still not"}, {"start": "00:45:12", "end": "00:45:16", "text": "falling. We know this. They're gonna we"}, {"start": "00:45:14", "end": "00:45:18", "text": "know the inflation isn't going anywhere."}, {"start": "00:45:16", "end": "00:45:19", "text": "If they're telling you the inflation's"}, {"start": "00:45:18", "end": "00:45:21", "text": "going away, just"}, {"start": "00:45:19", "end": "00:45:23", "text": ">> throw it out the window. It's a"}, {"start": "00:45:21", "end": "00:45:26", "text": "bold-faced lie. They're going to print a"}, {"start": "00:45:23", "end": "00:45:27", "text": "ton of money. Inflation's here to stay."}, {"start": "00:45:26", "end": "00:45:30", "text": ">> We may not be growing our way out of it,"}, {"start": "00:45:27", "end": "00:45:31", "text": "but you know,"}, {"start": "00:45:30", "end": "00:45:34", "text": ">> we're not going to grow our way out of"}, {"start": "00:45:31", "end": "00:45:36", "text": "this. Oh my god. Well, good news for the"}, {"start": "00:45:34", "end": "00:45:40", "text": "S&P 500 is it's hitting new all-time"}, {"start": "00:45:36", "end": "00:45:41", "text": "highs. So, uh, this is great. We went to"}, {"start": "00:45:40", "end": "00:45:44", "text": "7549"}, {"start": "00:45:41", "end": "00:45:47", "text": "live on the show here. S&P 500 trying to"}, {"start": "00:45:44", "end": "00:45:50", "text": "break out even further. and Clement took"}, {"start": "00:45:47", "end": "00:45:54", "text": "to the internet and just let it be known"}, {"start": "00:45:50", "end": "00:45:55", "text": "the feels in the crypto world, the stock"}, {"start": "00:45:54", "end": "00:45:56", "text": "world are very different."}, {"start": "00:45:55", "end": "00:45:59", "text": ">> Oh my god, Google just hit a new alltime"}, {"start": "00:45:56", "end": "00:46:01", "text": "high. We're rich, dude. I'm so glad we"}, {"start": "00:45:59", "end": "00:46:02", "text": "bought that stock in 2020."}, {"start": "00:46:01", "end": "00:46:02", "text": ">> Yeah, you're you're still holding it,"}, {"start": "00:46:02", "end": "00:46:03", "text": "right?"}, {"start": "00:46:02", "end": "00:46:05", "text": ">> Uh yeah,"}, {"start": "00:46:03", "end": "00:46:07", "text": ">> we sold What did you buy?"}, {"start": "00:46:05", "end": "00:46:08", "text": ">> Don't say Bitcoin. Don't say Bitcoin."}, {"start": "00:46:07", "end": "00:46:11", "text": ">> Bitcoin."}, {"start": "00:46:08", "end": "00:46:13", "text": ">> Oh no. When did you buy it?"}, {"start": "00:46:11", "end": "00:46:15", "text": ">> Don't say 2021."}, {"start": "00:46:13", "end": "00:46:16", "text": ">> 2020. Oh my god."}, {"start": "00:46:15", "end": "00:46:17", "text": ">> No, but it's okay. What do"}, {"start": "00:46:16", "end": "00:46:18", "text": ">> you do?"}, {"start": "00:46:17", "end": "00:46:20", "text": ">> I still hold some stuff."}, {"start": "00:46:18", "end": "00:46:24", "text": ">> What do you hold? Pelon."}, {"start": "00:46:20", "end": "00:46:27", "text": ">> Pelaton. That thing's down 99%."}, {"start": "00:46:24", "end": "00:46:28", "text": "I'm so sorry, man. No wonder your wife"}, {"start": "00:46:27", "end": "00:46:30", "text": "left you."}, {"start": "00:46:28", "end": "00:46:31", "text": ">> Oh my god."}, {"start": "00:46:30", "end": "00:46:33", "text": ">> Brutal times."}, {"start": "00:46:31", "end": "00:46:34", "text": ">> That is brutal. And listen, if you're"}, {"start": "00:46:33", "end": "00:46:37", "text": "with a gal that's going to leave you"}, {"start": "00:46:34", "end": "00:46:38", "text": "over money, that's that's God flushing"}, {"start": "00:46:37", "end": "00:46:39", "text": "things out of your life that shouldn't"}, {"start": "00:46:38", "end": "00:46:41", "text": "be. Yeah."}, {"start": "00:46:39", "end": "00:46:43", "text": ">> Right. Like your wife should be with you"}, {"start": "00:46:41", "end": "00:46:45", "text": "through thick and thin. Um,"}, {"start": "00:46:43", "end": "00:46:46", "text": ">> yeah. You got if you got a if you got a"}, {"start": "00:46:45", "end": "00:46:47", "text": "girl that's going to leave you over"}, {"start": "00:46:46", "end": "00:46:47", "text": "money, you got bigger problems than"}, {"start": "00:46:47", "end": "00:46:51", "text": "money."}, {"start": "00:46:47", "end": "00:46:55", "text": ">> Yeah, absolutely. My So, my wife's been"}, {"start": "00:46:51", "end": "00:46:58", "text": "at home a lot more um and she's been"}, {"start": "00:46:55", "end": "00:46:59", "text": "making this sourdough culture for like a"}, {"start": "00:46:58", "end": "00:47:03", "text": "year or something. She's had the"}, {"start": "00:46:59", "end": "00:47:05", "text": "sourdough culture going and last night"}, {"start": "00:47:03", "end": "00:47:07", "text": "she decided that she was actually going"}, {"start": "00:47:05", "end": "00:47:09", "text": "to make another loaf of bread and she"}, {"start": "00:47:07", "end": "00:47:11", "text": "started getting everything out. She made"}, {"start": "00:47:09", "end": "00:47:13", "text": "me need the dough because it's so hard."}, {"start": "00:47:11", "end": "00:47:16", "text": "Like, shout out to the humans that"}, {"start": "00:47:13", "end": "00:47:18", "text": "survived before modern industrialization"}, {"start": "00:47:16", "end": "00:47:20", "text": "because it takes a lot of work when you"}, {"start": "00:47:18", "end": "00:47:22", "text": "got four kids and you finally get them"}, {"start": "00:47:20", "end": "00:47:24", "text": "to bed at 8:30 or 9:00 or whatever and"}, {"start": "00:47:22", "end": "00:47:26", "text": "then you got to spend 40 minutes"}, {"start": "00:47:24", "end": "00:47:28", "text": "kneading dough. That's a lot of work."}, {"start": "00:47:26", "end": "00:47:30", "text": "So, shout out to the moms out there that"}, {"start": "00:47:28", "end": "00:47:31", "text": "are holding it down. Uh, we got a super"}, {"start": "00:47:30", "end": "00:47:33", "text": "chat here."}, {"start": "00:47:31", "end": "00:47:37", "text": ">> Yeah, TJ, when does Bitcoin make a new"}, {"start": "00:47:33", "end": "00:47:39", "text": "alltime? That's a great question. Um,"}, {"start": "00:47:37", "end": "00:47:40", "text": "let's Yeah, cuz you pull up the chart. I"}, {"start": "00:47:39", "end": "00:47:42", "text": "mean, I'll pull it up."}, {"start": "00:47:40", "end": "00:47:44", "text": ">> Traditionally,"}, {"start": "00:47:42", "end": "00:47:46", "text": "like this year, it's tough, you know,"}, {"start": "00:47:44", "end": "00:47:49", "text": "like it's not really supposed to be this"}, {"start": "00:47:46", "end": "00:47:52", "text": "year timing wise. Um,"}, {"start": "00:47:49", "end": "00:47:54", "text": ">> you know what? I made a bet with uh with"}, {"start": "00:47:52", "end": "00:47:54", "text": "a guy named Ballerina."}, {"start": "00:47:54", "end": "00:47:55", "text": ">> Oh, yeah."}, {"start": "00:47:54", "end": "00:47:58", "text": ">> Last year."}, {"start": "00:47:55", "end": "00:48:00", "text": ">> I owe him a Salana now because we didn't"}, {"start": "00:47:58", "end": "00:48:02", "text": "uh hit an all-time high by my birthday."}, {"start": "00:48:00", "end": "00:48:02", "text": "And because I was"}, {"start": "00:48:02", "end": "00:48:04", "text": ">> Bitcoin."}, {"start": "00:48:02", "end": "00:48:06", "text": ">> Yeah, for Bitcoin. because I was"}, {"start": "00:48:04", "end": "00:48:08", "text": "expecting a shallow, you know, bare"}, {"start": "00:48:06", "end": "00:48:09", "text": "market which has played out, but we just"}, {"start": "00:48:08", "end": "00:48:12", "text": "couldn't break the range. We couldn't"}, {"start": "00:48:09", "end": "00:48:15", "text": "get any momentum back to the upside. So,"}, {"start": "00:48:12", "end": "00:48:16", "text": "I owe him a a Salana."}, {"start": "00:48:15", "end": "00:48:18", "text": "But,"}, {"start": "00:48:16", "end": "00:48:19", "text": ">> yeah, I mean, like 2029 is like the"}, {"start": "00:48:18", "end": "00:48:22", "text": "obvious four-year cycle. I don't think"}, {"start": "00:48:19", "end": "00:48:24", "text": "we're still following that timeline. I"}, {"start": "00:48:22", "end": "00:48:26", "text": "think it's been sped up. That's I really"}, {"start": "00:48:24", "end": "00:48:27", "text": "think we're going to we're speedr"}, {"start": "00:48:26", "end": "00:48:29", "text": "runninging this bare market. we've we've"}, {"start": "00:48:27", "end": "00:48:32", "text": "hit the bottom and we're going to start"}, {"start": "00:48:29", "end": "00:48:33", "text": "the grind up you know after midterms and"}, {"start": "00:48:32", "end": "00:48:35", "text": "into you know the second half of this"}, {"start": "00:48:33", "end": "00:48:37", "text": "year assuming you know again clarity"}, {"start": "00:48:35", "end": "00:48:38", "text": "gets passed wars is somewhat dovish we"}, {"start": "00:48:37", "end": "00:48:40", "text": "can get some resolution on some of this"}, {"start": "00:48:38", "end": "00:48:42", "text": "global political you know there's a lot"}, {"start": "00:48:40", "end": "00:48:44", "text": "of factors at play but I do think we're"}, {"start": "00:48:42", "end": "00:48:48", "text": "going to start grinding up this year and"}, {"start": "00:48:44", "end": "00:48:50", "text": "really move so I guess I could say 2027"}, {"start": "00:48:48", "end": "00:48:53", "text": "we might we'll see a new alltime high um"}, {"start": "00:48:50", "end": "00:48:55", "text": ">> I'm not horribly off with you on that I"}, {"start": "00:48:53", "end": "00:48:56", "text": "think like the end of 27"}, {"start": "00:48:55", "end": "00:48:58", "text": ">> yeah that's right we'd have to do some"}, {"start": "00:48:56", "end": "00:49:00", "text": "analysis is to come to an actual now"}, {"start": "00:48:58", "end": "00:49:04", "text": "there's a difference obviously breaking"}, {"start": "00:49:00", "end": "00:49:06", "text": "125 versus actual peak"}, {"start": "00:49:04", "end": "00:49:08", "text": ">> I I feel like I've I think I got the"}, {"start": "00:49:06", "end": "00:49:09", "text": "peak time frame figured out"}, {"start": "00:49:08", "end": "00:49:10", "text": ">> is that 20 do you have it in when do you"}, {"start": "00:49:09", "end": "00:49:12", "text": "have it"}, {"start": "00:49:10", "end": "00:49:13", "text": ">> I and it's not a sexy number but"}, {"start": "00:49:12", "end": "00:49:17", "text": "honestly if I'm buying Bitcoin here I'm"}, {"start": "00:49:13", "end": "00:49:19", "text": "feeling good I think that the diminished"}, {"start": "00:49:17", "end": "00:49:21", "text": "returns and diminished gains process on"}, {"start": "00:49:19", "end": "00:49:23", "text": "Bitcoin is going to continue but the"}, {"start": "00:49:21", "end": "00:49:24", "text": "growth of the network's going to"}, {"start": "00:49:23", "end": "00:49:26", "text": "continue because you're you're going to"}, {"start": "00:49:24", "end": "00:49:29", "text": "be messing with multi-t trillion dollar"}, {"start": "00:49:26", "end": "00:49:33", "text": "market caps, right? And this is a grind."}, {"start": "00:49:29", "end": "00:49:36", "text": "I'm thinking like between 200 to 260 in"}, {"start": "00:49:33", "end": "00:49:37", "text": "the summer uh to late summer of 2029."}, {"start": "00:49:36", "end": "00:49:39", "text": ">> 29. Yeah."}, {"start": "00:49:37", "end": "00:49:42", "text": ">> Tradition traditional Yeah. Traditional"}, {"start": "00:49:39", "end": "00:49:43", "text": "cycle theory would say 2029 is when we"}, {"start": "00:49:42", "end": "00:49:44", "text": "peak cycle."}, {"start": "00:49:43", "end": "00:49:45", "text": ">> Yeah. Yeah. Yeah."}, {"start": "00:49:44", "end": "00:49:47", "text": ">> We'll be, you know, and then you've got"}, {"start": "00:49:45", "end": "00:49:49", "text": "that at 200k. So, we're probably"}, {"start": "00:49:47", "end": "00:49:51", "text": "breaking 125 before that."}, {"start": "00:49:49", "end": "00:49:54", "text": ">> Um, so I mean I Yeah, I would say I'd"}, {"start": "00:49:51", "end": "00:49:56", "text": "say 2027. I'd have to do more digging to"}, {"start": "00:49:54", "end": "00:49:58", "text": "come out with an exact, you know, date"}, {"start": "00:49:56", "end": "00:49:59", "text": "on it. Um,"}, {"start": "00:49:58", "end": "00:50:02", "text": ">> well, and this guy's got a good theory,"}, {"start": "00:49:59", "end": "00:50:04", "text": "too. Uh, right before the having again,"}, {"start": "00:50:02", "end": "00:50:05", "text": "right? Because we hit the the all-time"}, {"start": "00:50:04", "end": "00:50:06", "text": "high."}, {"start": "00:50:05", "end": "00:50:08", "text": ">> Mhm."}, {"start": "00:50:06", "end": "00:50:09", "text": ">> Right around that having time frame,"}, {"start": "00:50:08", "end": "00:50:10", "text": "which is way too early."}, {"start": "00:50:09", "end": "00:50:12", "text": ">> Yeah. I was going to say again, again,"}, {"start": "00:50:10", "end": "00:50:13", "text": "is a bold thing because that was the"}, {"start": "00:50:12", "end": "00:50:14", "text": "first time that's really happened like"}, {"start": "00:50:13", "end": "00:50:15", "text": "that."}, {"start": "00:50:14", "end": "00:50:17", "text": ">> Right. Right."}, {"start": "00:50:15", "end": "00:50:20", "text": ">> And then you got the Trump election in"}, {"start": "00:50:17", "end": "00:50:22", "text": "there that's kind of skewing it. um cuz"}, {"start": "00:50:20", "end": "00:50:26", "text": "that was you know the having happened to"}, {"start": "00:50:22", "end": "00:50:27", "text": "be not long before the election and um I"}, {"start": "00:50:26", "end": "00:50:30", "text": "don't know it'll be interesting."}, {"start": "00:50:27", "end": "00:50:33", "text": ">> Yeah I mean know right I I could see a"}, {"start": "00:50:30", "end": "00:50:35", "text": "sharp recovery taking place um you know"}, {"start": "00:50:33", "end": "00:50:38", "text": "if if Bitcoin's able to defend and this"}, {"start": "00:50:35", "end": "00:50:40", "text": "really is as deep as this red money flow"}, {"start": "00:50:38", "end": "00:50:43", "text": "gets on Bitcoin you would you would see"}, {"start": "00:50:40", "end": "00:50:46", "text": "a very violent move to the upside. um"}, {"start": "00:50:43", "end": "00:50:48", "text": "you know this is a this is when remember"}, {"start": "00:50:46", "end": "00:50:49", "text": "when I had a dream I woke up and I had a"}, {"start": "00:50:48", "end": "00:50:51", "text": "dream that the bare market was ending"}, {"start": "00:50:49", "end": "00:50:53", "text": "too soon is being caused by this. So I"}, {"start": "00:50:51", "end": "00:50:56", "text": "mean I am feeling more comfortable about"}, {"start": "00:50:53", "end": "00:51:00", "text": "uh you know waiting for that chop season"}, {"start": "00:50:56", "end": "00:51:02", "text": "to happen for alts. But you know it's"}, {"start": "00:51:00", "end": "00:51:04", "text": "I'm risking it for the biscuit either"}, {"start": "00:51:02", "end": "00:51:06", "text": "way. You know I know that I'm in danger"}, {"start": "00:51:04", "end": "00:51:07", "text": "being in crypto. I understand that. But"}, {"start": "00:51:06", "end": "00:51:08", "text": "I'm also in more danger just sitting in"}, {"start": "00:51:07", "end": "00:51:08", "text": "cash."}, {"start": "00:51:08", "end": "00:51:09", "text": ">> Oh yeah."}, {"start": "00:51:08", "end": "00:51:11", "text": ">> You know so"}, {"start": "00:51:09", "end": "00:51:12", "text": ">> you have to be I mean I was looking at"}, {"start": "00:51:11", "end": "00:51:13", "text": "stats yesterday. the wealth gap's"}, {"start": "00:51:12", "end": "00:51:15", "text": "getting bigger and bigger and bigger."}, {"start": "00:51:13", "end": "00:51:18", "text": "You have to t take risks. If you're not"}, {"start": "00:51:15", "end": "00:51:20", "text": "already wealthy, you have to take risks"}, {"start": "00:51:18", "end": "00:51:23", "text": "now because if you don't make that jump"}, {"start": "00:51:20", "end": "00:51:24", "text": "sooner rather than later, it's the the"}, {"start": "00:51:23", "end": "00:51:26", "text": "gap is getting bigger and bigger and"}, {"start": "00:51:24", "end": "00:51:28", "text": "bigger. If you're standing on if if it's"}, {"start": "00:51:26", "end": "00:51:30", "text": "like this, you know, every week, every"}, {"start": "00:51:28", "end": "00:51:32", "text": "month, every year, it's getting further"}, {"start": "00:51:30", "end": "00:51:33", "text": "and further and the risks you have to"}, {"start": "00:51:32", "end": "00:51:33", "text": "take are getting bigger and bigger and"}, {"start": "00:51:33", "end": "00:51:34", "text": "bigger."}, {"start": "00:51:33", "end": "00:51:36", "text": ">> Yeah."}, {"start": "00:51:34", "end": "00:51:37", "text": ">> Uh now, you know, which is again, you"}, {"start": "00:51:36", "end": "00:51:39", "text": "see this throughout society, you see"}, {"start": "00:51:37", "end": "00:51:40", "text": "this throughout history. If you go study"}, {"start": "00:51:39", "end": "00:51:42", "text": "your history, this happens time and time"}, {"start": "00:51:40", "end": "00:51:44", "text": "again. This is completely in line with"}, {"start": "00:51:42", "end": "00:51:45", "text": "the gambling culture and poly market and"}, {"start": "00:51:44", "end": "00:51:47", "text": "call sheet and all these different"}, {"start": "00:51:45", "end": "00:51:49", "text": "things. These are people that feel the"}, {"start": "00:51:47", "end": "00:51:51", "text": "need to risk. And then you've also got"}, {"start": "00:51:49", "end": "00:51:54", "text": "people that have excess and they can"}, {"start": "00:51:51", "end": "00:51:56", "text": "play. And that's what's so ironic is"}, {"start": "00:51:54", "end": "00:51:58", "text": "once you get to a place of stability of"}, {"start": "00:51:56", "end": "00:52:00", "text": "having a fair amount of wealth, you can"}, {"start": "00:51:58", "end": "00:52:02", "text": "take more risks which then build more"}, {"start": "00:52:00", "end": "00:52:03", "text": "wealth. Whereas like if you miss, it's"}, {"start": "00:52:02", "end": "00:52:06", "text": "not going to it's not going to set you"}, {"start": "00:52:03", "end": "00:52:07", "text": "back too far. Whereas if you're trying"}, {"start": "00:52:06", "end": "00:52:09", "text": "to make that jump and you take those"}, {"start": "00:52:07", "end": "00:52:11", "text": "risks now and you swing and you if you"}, {"start": "00:52:09", "end": "00:52:12", "text": "bought if you're that guy in that video"}, {"start": "00:52:11", "end": "00:52:16", "text": "you just showed and you bought bit you"}, {"start": "00:52:12", "end": "00:52:17", "text": "sold your Google in 2020 or in 2021 and"}, {"start": "00:52:16", "end": "00:52:19", "text": "bought Bitcoin and you're down only and"}, {"start": "00:52:17", "end": "00:52:21", "text": "you just keep if you keep buying tops"}, {"start": "00:52:19", "end": "00:52:22", "text": "and selling bottoms,"}, {"start": "00:52:21", "end": "00:52:23", "text": ">> you're going to be stuck and you're"}, {"start": "00:52:22", "end": "00:52:25", "text": "going to be a wage slave forever, you"}, {"start": "00:52:23", "end": "00:52:28", "text": "know. So, it's, you know, another super."}, {"start": "00:52:25", "end": "00:52:31", "text": "If 5% BTC truly flowed and stayed in"}, {"start": "00:52:28", "end": "00:52:33", "text": "Cardono DeFi, then it could completely"}, {"start": "00:52:31", "end": "00:52:35", "text": "compete directly with or exceed ETH plus"}, {"start": "00:52:33", "end": "00:52:37", "text": "soul combined TVL. Yeah. You know,"}, {"start": "00:52:35", "end": "00:52:39", "text": ">> if if big if."}, {"start": "00:52:37", "end": "00:52:41", "text": ">> Yeah. Cardono is like"}, {"start": "00:52:39", "end": "00:52:41", "text": ">> it would be in midnight though. That's"}, {"start": "00:52:41", "end": "00:52:42", "text": "the problem."}, {"start": "00:52:41", "end": "00:52:44", "text": ">> You think so? Like that? Yeah. The"}, {"start": "00:52:42", "end": "00:52:46", "text": "attention's definitely on midnight and I"}, {"start": "00:52:44", "end": "00:52:49", "text": "don't hear anything from the Cardano"}, {"start": "00:52:46", "end": "00:52:50", "text": "community anymore. I really um you know"}, {"start": "00:52:49", "end": "00:52:52", "text": "I was thinking about this last night"}, {"start": "00:52:50", "end": "00:52:55", "text": "like I got into crypto for freedom and"}, {"start": "00:52:52", "end": "00:52:57", "text": "like sovereignty and now we're just like"}, {"start": "00:52:55", "end": "00:52:57", "text": "waiting for the next bank to adopt us to"}, {"start": "00:52:57", "end": "00:52:59", "text": "celebrate."}, {"start": "00:52:57", "end": "00:53:00", "text": ">> Yeah, we're watching Fed, we're watching"}, {"start": "00:52:59", "end": "00:53:01", "text": "FOMC meeting."}, {"start": "00:53:00", "end": "00:53:03", "text": ">> This is not how I got into crypto. Like"}, {"start": "00:53:01", "end": "00:53:06", "text": "I got into crypto for communication"}, {"start": "00:53:03", "end": "00:53:09", "text": "encrypted communication to talk to my"}, {"start": "00:53:06", "end": "00:53:10", "text": "friends uh during what looked like"}, {"start": "00:53:09", "end": "00:53:12", "text": "Tyranny Actual was coming around the"}, {"start": "00:53:10", "end": "00:53:13", "text": "corner, right? So I didn't come into"}, {"start": "00:53:12", "end": "00:53:14", "text": "crypto for price action. Now it's like"}, {"start": "00:53:13", "end": "00:53:16", "text": "morphed into this"}, {"start": "00:53:14", "end": "00:53:17", "text": ">> your spirit animal."}, {"start": "00:53:16", "end": "00:53:18", "text": ">> Yeah. It's just the weirdest thing. Oh,"}, {"start": "00:53:17", "end": "00:53:19", "text": "what?"}, {"start": "00:53:18", "end": "00:53:21", "text": ">> He says, \"I enjoy nothing more than"}, {"start": "00:53:19", "end": "00:53:23", "text": "taking taking the risk of consuming"}, {"start": "00:53:21", "end": "00:53:25", "text": "copious amounts of nicotine and caffeine"}, {"start": "00:53:23", "end": "00:53:28", "text": "while taking 50x shorts and longs.\""}, {"start": "00:53:25", "end": "00:53:31", "text": ">> Yo, add in heavy metal music to that"}, {"start": "00:53:28", "end": "00:53:32", "text": "mixture and you are you are me. Um,"}, {"start": "00:53:31", "end": "00:53:34", "text": "Nakamoto."}, {"start": "00:53:32", "end": "00:53:37", "text": ">> Oh, speak about talk about down bad."}, {"start": "00:53:34", "end": "00:53:39", "text": ">> Nakamoto. I remember walking around"}, {"start": "00:53:37", "end": "00:53:41", "text": "Bitcoin conference and it was Dylan"}, {"start": "00:53:39", "end": "00:53:43", "text": "Laquair and he was just he was just"}, {"start": "00:53:41", "end": "00:53:44", "text": "walking around like he was the [�__�] You"}, {"start": "00:53:43", "end": "00:53:46", "text": "know what I mean? He was just it was"}, {"start": "00:53:44", "end": "00:53:48", "text": "right after Naka came out. I think it"}, {"start": "00:53:46", "end": "00:53:49", "text": "was Dylan that was involved in this. Is"}, {"start": "00:53:48", "end": "00:53:51", "text": "the guy with the poofy hair?"}, {"start": "00:53:49", "end": "00:53:54", "text": ">> Yeah, I think so. Pretty sure."}, {"start": "00:53:51", "end": "00:53:57", "text": ">> Yeah. So, Nakamoto has erased its entire"}, {"start": "00:53:54", "end": "00:54:01", "text": "market cap nearly down 99.68%"}, {"start": "00:53:57", "end": "00:54:02", "text": "in just one year. If you invested 10K"}, {"start": "00:54:01", "end": "00:54:04", "text": "exactly one year ago."}, {"start": "00:54:02", "end": "00:54:06", "text": ">> Oh, no, no, no. He's Metaplanet."}, {"start": "00:54:04", "end": "00:54:06", "text": ">> Is he MetaPlanet? Who's the guy behind?"}, {"start": "00:54:06", "end": "00:54:08", "text": "Is it David?"}, {"start": "00:54:06", "end": "00:54:09", "text": ">> David Bailey is definitely behind"}, {"start": "00:54:08", "end": "00:54:11", "text": "Nakamoto. And there's other people. And"}, {"start": "00:54:09", "end": "00:54:12", "text": "I just I feel for this like this is it's"}, {"start": "00:54:11", "end": "00:54:14", "text": "a tough,"}, {"start": "00:54:12", "end": "00:54:16", "text": ">> you know, we just showed the the big"}, {"start": "00:54:14", "end": "00:54:17", "text": "ones. Tom Lee with Ethereum, Sailor with"}, {"start": "00:54:16", "end": "00:54:19", "text": "Bitcoin, you know, digital asset"}, {"start": "00:54:17", "end": "00:54:21", "text": "treasury companies. It's tough tough"}, {"start": "00:54:19", "end": "00:54:23", "text": "time to be a digital asset treasury"}, {"start": "00:54:21", "end": "00:54:24", "text": "company. I can't imagine the"}, {"start": "00:54:23", "end": "00:54:26", "text": ">> the calls he's getting. Uh"}, {"start": "00:54:24", "end": "00:54:28", "text": ">> I want to go look at MetaPlanet."}, {"start": "00:54:26", "end": "00:54:30", "text": ">> 9968%."}, {"start": "00:54:28", "end": "00:54:33", "text": ">> This is terrifying because this is an"}, {"start": "00:54:30", "end": "00:54:35", "text": "this is like supposed to be a entry like"}, {"start": "00:54:33", "end": "00:54:38", "text": "a gateway drug for stock interest,"}, {"start": "00:54:35", "end": "00:54:39", "text": "right? Like I would say this strategyy's"}, {"start": "00:54:38", "end": "00:54:41", "text": "held up pretty good."}, {"start": "00:54:39", "end": "00:54:42", "text": ">> Yeah. strategy that had and this is"}, {"start": "00:54:41", "end": "00:54:45", "text": "basically what they were trying to do"}, {"start": "00:54:42", "end": "00:54:47", "text": "was copy the strategy playbook on I I"}, {"start": "00:54:45", "end": "00:54:49", "text": "believe this is the Japanese Japanese"}, {"start": "00:54:47", "end": "00:54:51", "text": "stock exchange that it's on but you know"}, {"start": "00:54:49", "end": "00:54:54", "text": "this is also like that stock market you"}, {"start": "00:54:51", "end": "00:54:56", "text": "know Japan what's going on over there is"}, {"start": "00:54:54", "end": "00:54:58", "text": ">> not good you know their treasury yields"}, {"start": "00:54:56", "end": "00:55:00", "text": "and the stock you know like they're in a"}, {"start": "00:54:58", "end": "00:55:03", "text": "bad shape and so this was kind of like a"}, {"start": "00:55:00", "end": "00:55:04", "text": "supposed to be a a latch ditch effort"}, {"start": "00:55:03", "end": "00:55:06", "text": "for investors over there and it all"}, {"start": "00:55:04", "end": "00:55:08", "text": "piled in and now it's all rolling back"}, {"start": "00:55:06", "end": "00:55:09", "text": "out. Uh but yeah, it'd be interesting to"}, {"start": "00:55:08", "end": "00:55:10", "text": "look at MetaPlanet and some of those"}, {"start": "00:55:09", "end": "00:55:10", "text": "other ones, but"}, {"start": "00:55:10", "end": "00:55:12", "text": ">> yeah,"}, {"start": "00:55:10", "end": "00:55:13", "text": ">> I don't want to get too lost in the"}, {"start": "00:55:12", "end": "00:55:15", "text": "weeds for it, but it is"}, {"start": "00:55:13", "end": "00:55:18", "text": ">> it's brutal. like you got credit where"}, {"start": "00:55:15", "end": "00:55:20", "text": "credit is due to strategy for having a"}, {"start": "00:55:18", "end": "00:55:23", "text": "better price structure to strategy the"}, {"start": "00:55:20", "end": "00:55:27", "text": "company than a lot of these other you"}, {"start": "00:55:23", "end": "00:55:30", "text": "know uh kind of entry points for uh you"}, {"start": "00:55:27", "end": "00:55:32", "text": "know Wall Street's interest cuz"}, {"start": "00:55:30", "end": "00:55:33", "text": "you you do there's a lot of truth to"}, {"start": "00:55:32", "end": "00:55:36", "text": "what you say about like you won't see"}, {"start": "00:55:33", "end": "00:55:39", "text": "institutional real big time flows into"}, {"start": "00:55:36", "end": "00:55:40", "text": "crypto till clarity has passed but it's"}, {"start": "00:55:39", "end": "00:55:42", "text": "going to take like a year or two after"}, {"start": "00:55:40", "end": "00:55:43", "text": "it's passed for it to be like fully"}, {"start": "00:55:42", "end": "00:55:45", "text": "implemented"}, {"start": "00:55:43", "end": "00:55:47", "text": ">> oh yeah the institutions don't move"}, {"start": "00:55:45", "end": "00:55:49", "text": "fast. Uh and I do like this someone said"}, {"start": "00:55:47", "end": "00:55:50", "text": "bottom signal. I agree these kind of"}, {"start": "00:55:49", "end": "00:55:52", "text": "charts"}, {"start": "00:55:50", "end": "00:55:54", "text": ">> are bottom signals. People walking away,"}, {"start": "00:55:52", "end": "00:55:55", "text": "people declaring, you know, Nakamoto"}, {"start": "00:55:54", "end": "00:55:57", "text": "dead, all that sort of D. But I wouldn't"}, {"start": "00:55:55", "end": "00:55:59", "text": "bet again careful betting against"}, {"start": "00:55:57", "end": "00:56:00", "text": "Bitcoiners. You know, David Bailey, I"}, {"start": "00:55:59", "end": "00:56:01", "text": "like him a lot. He's done a great job"}, {"start": "00:56:00", "end": "00:56:03", "text": "with the Bitcoin conference. We love"}, {"start": "00:56:01", "end": "00:56:04", "text": "going to that every single year. They've"}, {"start": "00:56:03", "end": "00:56:08", "text": "got a lot of connection. You know, he"}, {"start": "00:56:04", "end": "00:56:09", "text": "was in a in part of orange pilling Trump"}, {"start": "00:56:08", "end": "00:56:10", "text": "and that whole team and that whole"}, {"start": "00:56:09", "end": "00:56:11", "text": "family. Yeah."}, {"start": "00:56:10", "end": "00:56:15", "text": ">> For better or worse. A lot of people"}, {"start": "00:56:11", "end": "00:56:20", "text": "feel like he's like honestly"}, {"start": "00:56:15", "end": "00:56:23", "text": "Trump is I think he's influenced by very"}, {"start": "00:56:20", "end": "00:56:26", "text": "bad people. I feel like there is a"}, {"start": "00:56:23", "end": "00:56:28", "text": "degree of meaning well that Trump has"}, {"start": "00:56:26", "end": "00:56:31", "text": "but feel like he's just being influenced"}, {"start": "00:56:28", "end": "00:56:32", "text": "by really really bad people in the"}, {"start": "00:56:31", "end": "00:56:33", "text": "background. So"}, {"start": "00:56:32", "end": "00:56:36", "text": ">> hard to say"}, {"start": "00:56:33", "end": "00:56:38", "text": ">> you know it is it is hard to say."}, {"start": "00:56:36", "end": "00:56:39", "text": ">> This is very uh very bearish. So now"}, {"start": "00:56:38", "end": "00:56:42", "text": "this is also very interesting."}, {"start": "00:56:39", "end": "00:56:46", "text": ">> Yeah. Trump admin and the US Treasury"}, {"start": "00:56:42", "end": "00:56:48", "text": "Department is designing a $250 bill to"}, {"start": "00:56:46", "end": "00:56:51", "text": "feature President Trump. Per the"}, {"start": "00:56:48", "end": "00:56:53", "text": "Washington Post, if this launched, Trump"}, {"start": "00:56:51", "end": "00:56:56", "text": "would be the first living person to"}, {"start": "00:56:53", "end": "00:56:58", "text": "appear on US currency since 1866."}, {"start": "00:56:56", "end": "00:57:00", "text": ">> Chat, what do you think about this? I"}, {"start": "00:56:58", "end": "00:57:02", "text": "want I want to see the chat's reaction."}, {"start": "00:57:00", "end": "00:57:05", "text": ">> I mean, maybe they're excited about"}, {"start": "00:57:02", "end": "00:57:08", "text": "paying for gas, one tank of gas with one"}, {"start": "00:57:05", "end": "00:57:10", "text": "bill, right? Because,"}, {"start": "00:57:08", "end": "00:57:13", "text": "you know, if this war continues, you'll"}, {"start": "00:57:10", "end": "00:57:16", "text": "see oil go to 200 bucks, then, you know,"}, {"start": "00:57:13", "end": "00:57:18", "text": ">> I just I just think it's iron. I mean, a"}, {"start": "00:57:16", "end": "00:57:21", "text": "it's obviously massive ego that he would"}, {"start": "00:57:18", "end": "00:57:23", "text": "even be pressing for this uh narcissism,"}, {"start": "00:57:21", "end": "00:57:25", "text": "whatever you want to call it, but it's"}, {"start": "00:57:23", "end": "00:57:26", "text": "pretty ironic to, you know, like and and"}, {"start": "00:57:25", "end": "00:57:28", "text": "I look at this as like, oh, you want to"}, {"start": "00:57:26", "end": "00:57:32", "text": "be known for inflation."}, {"start": "00:57:28", "end": "00:57:34", "text": ">> You you want your face to represent bad"}, {"start": "00:57:32", "end": "00:57:36", "text": "physical policy since the 70s."}, {"start": "00:57:34", "end": "00:57:38", "text": ">> Yeah. You know, the reason we need a"}, {"start": "00:57:36", "end": "00:57:41", "text": "$250 like we need a $250 bill. Like"}, {"start": "00:57:38", "end": "00:57:44", "text": "makes sense. $20 bill doesn't buy what"}, {"start": "00:57:41", "end": "00:57:47", "text": "it used to. $10 bill, $5 bill, $1. Like,"}, {"start": "00:57:44", "end": "00:57:49", "text": "you know, change is worthless. Um,"}, {"start": "00:57:47", "end": "00:57:52", "text": ">> I have to stare at his mug shot. Is this"}, {"start": "00:57:49", "end": "00:57:54", "text": "his mug shot? Every time like, \"All"}, {"start": "00:57:52", "end": "00:57:55", "text": "right, here. We went to the grocery"}, {"start": "00:57:54", "end": "00:57:57", "text": "store to get ready for a camping trip."}, {"start": "00:57:55", "end": "00:57:58", "text": "How much do you think it cost?\""}, {"start": "00:57:57", "end": "00:57:59", "text": ">> Get ready for a camping trip. Family of"}, {"start": "00:57:58", "end": "00:58:02", "text": "five."}, {"start": "00:57:59", "end": "00:58:03", "text": ">> Yeah. Plus my mom and two dogs. Plus"}, {"start": "00:58:02", "end": "00:58:04", "text": "buying food for you probably spent like"}, {"start": "00:58:03", "end": "00:58:06", "text": "a grand or"}, {"start": "00:58:04", "end": "00:58:08", "text": ">> it's $1,500."}, {"start": "00:58:06", "end": "00:58:09", "text": ">> It was $1,500."}, {"start": "00:58:08", "end": "00:58:10", "text": ">> Uh yeah."}, {"start": "00:58:09", "end": "00:58:12", "text": ">> Yeah. I go I go to the store sometimes"}, {"start": "00:58:10", "end": "00:58:14", "text": "and it's like I feel like I'm I'm just"}, {"start": "00:58:12", "end": "00:58:16", "text": "doing the like, hey, pick up this stuff"}, {"start": "00:58:14", "end": "00:58:17", "text": "before you get home kind of run. There's"}, {"start": "00:58:16", "end": "00:58:20", "text": "like eight things in my car. It's like"}, {"start": "00:58:17", "end": "00:58:21", "text": "an onion. Yeah. Some blueberries."}, {"start": "00:58:20", "end": "00:58:24", "text": ">> And I I am jealous of that."}, {"start": "00:58:21", "end": "00:58:27", "text": ">> Well, and then it's like $300 and I'm"}, {"start": "00:58:24", "end": "00:58:28", "text": "like how I I have one bag. It's maybe"}, {"start": "00:58:27", "end": "00:58:32", "text": "not three. Maybe it's 150 bucks, but"}, {"start": "00:58:28", "end": "00:58:34", "text": "it's like one bag of stuff. It's insane."}, {"start": "00:58:32", "end": "00:58:36", "text": ">> Oh my god. Yeah. Um I'm gonna try to"}, {"start": "00:58:34", "end": "00:58:39", "text": "avoid using the $250 bill if it does get"}, {"start": "00:58:36", "end": "00:58:40", "text": "approved. Also, the time frame, 1866, I"}, {"start": "00:58:39", "end": "00:58:43", "text": "remember some ugly stuff happened at the"}, {"start": "00:58:40", "end": "00:58:46", "text": "late 1800s in the United States. A lot"}, {"start": "00:58:43", "end": "00:58:48", "text": "of polarization led to bullet slinging"}, {"start": "00:58:46", "end": "00:58:49", "text": "between brothers on brothers."}, {"start": "00:58:48", "end": "00:58:51", "text": "I don't know."}, {"start": "00:58:49", "end": "00:58:52", "text": ">> A lot of inflation. A lot of"}, {"start": "00:58:51", "end": "00:58:54", "text": ">> Yeah."}, {"start": "00:58:52", "end": "00:58:57", "text": ">> All right. This is insane. I got to"}, {"start": "00:58:54", "end": "00:59:02", "text": "cover this. A guy is suing for custody"}, {"start": "00:58:57", "end": "00:59:06", "text": "of $286 billion in Bitcoin. 3.8 million"}, {"start": "00:59:02", "end": "00:59:08", "text": "Bitcoin in inactive Bitcoin wallets."}, {"start": "00:59:06", "end": "00:59:10", "text": "Someone built an algorithm to find these"}, {"start": "00:59:08", "end": "00:59:12", "text": "and then reported it to the New York"}, {"start": "00:59:10", "end": "00:59:14", "text": "Police Department as lost property. They"}, {"start": "00:59:12", "end": "00:59:16", "text": "said, \"Okay.\" And they gave him a"}, {"start": "00:59:14", "end": "00:59:18", "text": "receipt for his lost property in this"}, {"start": "00:59:16", "end": "00:59:21", "text": "case. So now he's got an ability to do a"}, {"start": "00:59:18", "end": "00:59:24", "text": "lawsuit. Just a court order. No private"}, {"start": "00:59:21", "end": "00:59:26", "text": "keys. Obviously, this is definitely the"}, {"start": "00:59:24", "end": "00:59:28", "text": "most audacious Bitcoin lawsuit in"}, {"start": "00:59:26", "end": "00:59:31", "text": "history. What if he wins? TJ, are we"}, {"start": "00:59:28", "end": "00:59:33", "text": "done? If this guy takes control of 3"}, {"start": "00:59:31", "end": "00:59:35", "text": "point some odd million Bitcoin and then"}, {"start": "00:59:33", "end": "00:59:37", "text": "just market sells them."}, {"start": "00:59:35", "end": "00:59:39", "text": ">> I mean, this this"}, {"start": "00:59:37", "end": "00:59:39", "text": "sure. Yeah, if. But I mean, how you"}, {"start": "00:59:39", "end": "00:59:41", "text": "going to get him?"}, {"start": "00:59:39", "end": "00:59:42", "text": ">> No, he's not going to get it."}, {"start": "00:59:41", "end": "00:59:44", "text": ">> You have no private keys. Like,"}, {"start": "00:59:42", "end": "00:59:45", "text": ">> I love Tom Crown's message."}, {"start": "00:59:44", "end": "00:59:45", "text": ">> Bold move."}, {"start": "00:59:45", "end": "00:59:48", "text": ">> Bold move."}, {"start": "00:59:45", "end": "00:59:50", "text": ">> Let's see if this one pays off."}, {"start": "00:59:48", "end": "00:59:51", "text": ">> Oh my gosh. Let's make I I see"}, {"start": "00:59:50", "end": "00:59:53", "text": ">> Well, he hasn't even won. He's probably"}, {"start": "00:59:51", "end": "00:59:54", "text": "going to lose first and if once you get"}, {"start": "00:59:53", "end": "00:59:56", "text": "the judgment then how do you collect?"}, {"start": "00:59:54", "end": "00:59:57", "text": ">> Listen, you miss 100% of the shots you"}, {"start": "00:59:56", "end": "00:59:58", "text": "don't take."}, {"start": "00:59:57", "end": "01:00:00", "text": ">> Fair."}, {"start": "00:59:58", "end": "01:00:02", "text": ">> You know what I mean? Like come on. Uh"}, {"start": "01:00:00", "end": "01:00:04", "text": "he's shooting to the uh stars there."}, {"start": "01:00:02", "end": "01:00:07", "text": "Also CIA official arrested by the FBI."}, {"start": "01:00:04", "end": "01:00:10", "text": "He had like $40 million in gold bars at"}, {"start": "01:00:07", "end": "01:00:12", "text": "his house, but the plot thickened. This"}, {"start": "01:00:10", "end": "01:00:15", "text": "is actually a work-related expense that"}, {"start": "01:00:12", "end": "01:00:18", "text": "was approved by the CIA. So, this guy"}, {"start": "01:00:15", "end": "01:00:21", "text": "asked for $40 million in gold bars and"}, {"start": "01:00:18", "end": "01:00:22", "text": "it was approved and then the FBI finds"}, {"start": "01:00:21", "end": "01:00:23", "text": "him and arrests him."}, {"start": "01:00:22", "end": "01:00:24", "text": ">> I guess he was running some kind of"}, {"start": "01:00:23", "end": "01:00:24", "text": "mission."}, {"start": "01:00:24", "end": "01:00:26", "text": ">> This is"}, {"start": "01:00:24", "end": "01:00:28", "text": ">> It's all about who you know, I guess."}, {"start": "01:00:26", "end": "01:00:30", "text": ">> Oh my god."}, {"start": "01:00:28", "end": "01:00:31", "text": ">> I want to expense a you know 303 gold"}, {"start": "01:00:30", "end": "01:00:34", "text": "bars, you know."}, {"start": "01:00:31", "end": "01:00:37", "text": ">> Yeah. Absolutely insane. You know, this"}, {"start": "01:00:34", "end": "01:00:41", "text": "is nightmare feel too. 1010."}, {"start": "01:00:37", "end": "01:00:44", "text": "I think we underell how badly 1010 hurt"}, {"start": "01:00:41", "end": "01:00:48", "text": "crypto particularly altcoins like"}, {"start": "01:00:44", "end": "01:00:49", "text": "Bitcoin wasn't horribly affected by 1010"}, {"start": "01:00:48", "end": "01:00:52", "text": "but"}, {"start": "01:00:49", "end": "01:00:55", "text": "crypto's performance compared to gold"}, {"start": "01:00:52", "end": "01:00:58", "text": "and the S&P NASDAQ"}, {"start": "01:00:55", "end": "01:01:01", "text": "has been in the gutter ever since 1010"}, {"start": "01:00:58", "end": "01:01:03", "text": "and I think it uh for one if you want to"}, {"start": "01:01:01", "end": "01:01:06", "text": "look at it from a positive perspective"}, {"start": "01:01:03", "end": "01:01:09", "text": "it showed us how early we are but the"}, {"start": "01:01:06", "end": "01:01:11", "text": "idea that we need market makers to"}, {"start": "01:01:09", "end": "01:01:13", "text": "artificially ramp up prices to entice"}, {"start": "01:01:11", "end": "01:01:15", "text": "people and technical analysts into"}, {"start": "01:01:13", "end": "01:01:18", "text": "trading things is pretty bad. Like how"}, {"start": "01:01:15", "end": "01:01:19", "text": "about just build good product and then"}, {"start": "01:01:18", "end": "01:01:22", "text": "people will buy it, right? Like try to"}, {"start": "01:01:19", "end": "01:01:23", "text": "change the world actively. Um"}, {"start": "01:01:22", "end": "01:01:26", "text": ">> yeah, 1010 is my 911."}, {"start": "01:01:23", "end": "01:01:29", "text": ">> It is. I mean a lot of a lot of stuff"}, {"start": "01:01:26", "end": "01:01:31", "text": "changed like chain link lost all level"}, {"start": "01:01:29", "end": "01:01:34", "text": "of support. Like it it went down to like"}, {"start": "01:01:31", "end": "01:01:37", "text": "$7 or $8. I couldn't even buy it. I"}, {"start": "01:01:34", "end": "01:01:40", "text": "tried to buy the $7 chain link and it"}, {"start": "01:01:37", "end": "01:01:41", "text": "wouldn't let me do it. Um, so it was,"}, {"start": "01:01:40", "end": "01:01:43", "text": "you know, something that the crypto"}, {"start": "01:01:41", "end": "01:01:45", "text": "market is still reeling from. Let's see."}, {"start": "01:01:43", "end": "01:01:47", "text": "Is there a Kelly in the studio? Do we"}, {"start": "01:01:45", "end": "01:01:49", "text": "have Kelly Kellum in the studio down"}, {"start": "01:01:47", "end": "01:01:51", "text": "here? Look at this. See if we can find"}, {"start": "01:01:49", "end": "01:01:53", "text": "him. Do we Is that Kelly? Hold on. Let"}, {"start": "01:01:51", "end": "01:01:54", "text": "me unmute here."}, {"start": "01:01:53", "end": "01:01:56", "text": ">> Oh, I'm here, baby."}, {"start": "01:01:54", "end": "01:01:56", "text": ">> How you doing, Kelly? Good to see you,"}, {"start": "01:01:56", "end": "01:01:58", "text": "dude."}, {"start": "01:01:56", "end": "01:02:00", "text": ">> I You know what? It's good to see you"}, {"start": "01:01:58", "end": "01:02:02", "text": "and everybody else here. I there's just"}, {"start": "01:02:00", "end": "01:02:05", "text": "one thing I wanted to share to remind"}, {"start": "01:02:02", "end": "01:02:07", "text": "everybody in this chop in the markets."}, {"start": "01:02:05", "end": "01:02:09", "text": "You know, the space space stocks are"}, {"start": "01:02:07", "end": "01:02:11", "text": "going up 10x in the last couple years."}, {"start": "01:02:09", "end": "01:02:13", "text": "AI is going up ridiculously. Everybody's"}, {"start": "01:02:11", "end": "01:02:16", "text": "saying what the hell's going on with"}, {"start": "01:02:13", "end": "01:02:19", "text": "Bitcoin. And I just wanted to just do a"}, {"start": "01:02:16", "end": "01:02:21", "text": "gentle reminder, very gentle reminder."}, {"start": "01:02:19", "end": "01:02:24", "text": "Patience. You can go ahead and share my"}, {"start": "01:02:21", "end": "01:02:27", "text": "screen. Uh patience here, lads. Uh"}, {"start": "01:02:24", "end": "01:02:29", "text": "because we've got the setup of the"}, {"start": "01:02:27", "end": "01:02:31", "text": "century. The only thing the government's"}, {"start": "01:02:29", "end": "01:02:34", "text": "going to do that we know is consistent"}, {"start": "01:02:31", "end": "01:02:36", "text": "and you can absolutely bet on is print"}, {"start": "01:02:34", "end": "01:02:39", "text": "more money. And look at what happened in"}, {"start": "01:02:36", "end": "01:02:41", "text": "the in this sort of bottoming out of the"}, {"start": "01:02:39", "end": "01:02:43", "text": "Fed balance sheet before this rockets"}, {"start": "01:02:41", "end": "01:02:44", "text": "up. Yeah, we had a little bit more of a"}, {"start": "01:02:43", "end": "01:02:46", "text": "dip, but this was also COVID. Otherwise,"}, {"start": "01:02:44", "end": "01:02:50", "text": "this would have been flat. Either way,"}, {"start": "01:02:46", "end": "01:02:52", "text": "boom. I mean, from 16 14,000 down to"}, {"start": "01:02:50", "end": "01:02:56", "text": "3,000 up to 70,000 back here in the"}, {"start": "01:02:52", "end": "01:03:00", "text": "early uh 2013 into 2014. This was about"}, {"start": "01:02:56", "end": "01:03:01", "text": "seven bucks up to over $1,200. Okay. And"}, {"start": "01:03:00", "end": "01:03:03", "text": "look at where we're at right now. The"}, {"start": "01:03:01", "end": "01:03:05", "text": "next print's going to be bigger. And the"}, {"start": "01:03:03", "end": "01:03:07", "text": "other the other only other thing I"}, {"start": "01:03:05", "end": "01:03:09", "text": "wanted to say is uh I'm just curious,"}, {"start": "01:03:07", "end": "01:03:12", "text": "Drew, your thoughts on this. And you"}, {"start": "01:03:09", "end": "01:03:14", "text": "also, TJ, we talked about what's going"}, {"start": "01:03:12", "end": "01:03:16", "text": "on right here with the market. You know,"}, {"start": "01:03:14", "end": "01:03:17", "text": "you talked about earlier, this surge"}, {"start": "01:03:16", "end": "01:03:20", "text": "happening with this reported potential"}, {"start": "01:03:17", "end": "01:03:22", "text": "deal. Uh and I'm not even calling Trump"}, {"start": "01:03:20", "end": "01:03:24", "text": "out. I'm calling out the entire"}, {"start": "01:03:22", "end": "01:03:26", "text": "government complex. How likely do you"}, {"start": "01:03:24", "end": "01:03:27", "text": "think it is uh that Trump says something"}, {"start": "01:03:26", "end": "01:03:29", "text": "about not being sure about the deal? We"}, {"start": "01:03:27", "end": "01:03:31", "text": "get the sell off and then uh the homies"}, {"start": "01:03:29", "end": "01:03:34", "text": "load up. Basically, all the insiders in"}, {"start": "01:03:31", "end": "01:03:35", "text": "in Washington and then we see uh oh"}, {"start": "01:03:34", "end": "01:03:37", "text": "yeah, we're doing the deal and market"}, {"start": "01:03:35", "end": "01:03:38", "text": "rockets higher. So"}, {"start": "01:03:37", "end": "01:03:40", "text": ">> maybe"}, {"start": "01:03:38", "end": "01:03:41", "text": ">> a lot of things on the horizon, but"}, {"start": "01:03:40", "end": "01:03:43", "text": "there's one thing guaranteed money"}, {"start": "01:03:41", "end": "01:03:45", "text": "printing. So uh right now it's patience,"}, {"start": "01:03:43", "end": "01:03:47", "text": "time stack. There's only one there's"}, {"start": "01:03:45", "end": "01:03:49", "text": "only one finite asset and that's"}, {"start": "01:03:47", "end": "01:03:52", "text": "perfectly proven by that issue with the"}, {"start": "01:03:49", "end": "01:03:54", "text": "gold. Even Patrick Bet David even said,"}, {"start": "01:03:52", "end": "01:03:58", "text": "uh, we need to go and physically audit"}, {"start": "01:03:54", "end": "01:03:59", "text": "the, uh, Fort Knox. Uh, why? Because"}, {"start": "01:03:58", "end": "01:04:02", "text": "nobody knows how much is in there. We"}, {"start": "01:03:59", "end": "01:04:03", "text": "got gold, we got spending, but we got"}, {"start": "01:04:02", "end": "01:04:06", "text": "Bitcoin that is audited every 10"}, {"start": "01:04:03", "end": "01:04:08", "text": "minutes. Fully audited every 10 minutes."}, {"start": "01:04:06", "end": "01:04:10", "text": "So, what the hell are we worried about?"}, {"start": "01:04:08", "end": "01:04:13", "text": ">> Yeah. No, I I really like the Fed"}, {"start": "01:04:10", "end": "01:04:16", "text": "balance sheet that he sh"}, {"start": "01:04:13", "end": "01:04:16", "text": ">> That Fed balance sheet is incredible. We"}, {"start": "01:04:16", "end": "01:04:17", "text": "got a"}, {"start": "01:04:16", "end": "01:04:19", "text": ">> Yeah. Well, that's what I was That's"}, {"start": "01:04:17", "end": "01:04:21", "text": "what that was a really good chart there."}, {"start": "01:04:19", "end": "01:04:22", "text": "And yeah, very uh helpful. Thanks for"}, {"start": "01:04:21", "end": "01:04:23", "text": "coming in with that, Kelly. That was"}, {"start": "01:04:22", "end": "01:04:25", "text": "somebody said in the chat, I love a good"}, {"start": "01:04:23", "end": "01:04:28", "text": "bullish case. And that really is"}, {"start": "01:04:25", "end": "01:04:29", "text": ">> the thesis behind everything is we've"}, {"start": "01:04:28", "end": "01:04:31", "text": "got"}, {"start": "01:04:29", "end": "01:04:32", "text": ">> the Fed, you know, you don't fight the"}, {"start": "01:04:31", "end": "01:04:34", "text": "Fed. When the Fed's balance sheet is"}, {"start": "01:04:32", "end": "01:04:35", "text": "expanding, it's good for the markets."}, {"start": "01:04:34", "end": "01:04:36", "text": "When it's contracting, it's tight for"}, {"start": "01:04:35", "end": "01:04:38", "text": "the markets. And we've been in"}, {"start": "01:04:36", "end": "01:04:40", "text": "contraction for a long time. And it's"}, {"start": "01:04:38", "end": "01:04:41", "text": "like he like it was showing on his"}, {"start": "01:04:40", "end": "01:04:43", "text": "chart, it's just starting to tick back"}, {"start": "01:04:41", "end": "01:04:45", "text": "up to the upside. We're feeling the"}, {"start": "01:04:43", "end": "01:04:49", "text": "liquidity pinch. Everything everything"}, {"start": "01:04:45", "end": "01:04:52", "text": "from a systemic level is in line with"}, {"start": "01:04:49", "end": "01:04:53", "text": "2019 going into 2020 when they just blew"}, {"start": "01:04:52", "end": "01:04:54", "text": "up the Fed balance sheet. They expanded"}, {"start": "01:04:53", "end": "01:04:55", "text": "it massively."}, {"start": "01:04:54", "end": "01:04:57", "text": ">> Yeah."}, {"start": "01:04:55", "end": "01:04:59", "text": ">> So that's coming again. It's going to be"}, {"start": "01:04:57", "end": "01:05:01", "text": "bullish again. We're all going to make"}, {"start": "01:04:59", "end": "01:05:03", "text": "money again. This this is why we're here"}, {"start": "01:05:01", "end": "01:05:05", "text": "now telling you now is the time to"}, {"start": "01:05:03", "end": "01:05:08", "text": "accumulate. Whether it's bit I mean"}, {"start": "01:05:05", "end": "01:05:09", "text": "Bitcoin for sure your favorite altcoins"}, {"start": "01:05:08", "end": "01:05:11", "text": "if they're strong fundamentally, whether"}, {"start": "01:05:09", "end": "01:05:14", "text": "it's Morpho or whatever it is that you"}, {"start": "01:05:11", "end": "01:05:17", "text": "like. uh AI. I mean, in my opinion, the"}, {"start": "01:05:14", "end": "01:05:18", "text": "niches I'm focused on are AI and DeFi."}, {"start": "01:05:17", "end": "01:05:20", "text": ">> Yeah."}, {"start": "01:05:18", "end": "01:05:21", "text": ">> Make sure your altcoins at least touch"}, {"start": "01:05:20", "end": "01:05:23", "text": "those"}, {"start": "01:05:21", "end": "01:05:25", "text": ">> because that is the future of pretty"}, {"start": "01:05:23", "end": "01:05:27", "text": "much our entire economy."}, {"start": "01:05:25", "end": "01:05:31", "text": ">> So, get on board."}, {"start": "01:05:27", "end": "01:05:31", "text": ">> I got a crazy I got a crazy idea here,"}, {"start": "01:05:31", "end": "01:05:32", "text": "DJ."}, {"start": "01:05:31", "end": "01:05:36", "text": ">> Hit me."}, {"start": "01:05:32", "end": "01:05:37", "text": ">> I think I'm going to buy Casper, too."}, {"start": "01:05:36", "end": "01:05:37", "text": ">> I just That's the opposite of what I"}, {"start": "01:05:37", "end": "01:05:39", "text": "just"}, {"start": "01:05:37", "end": "01:05:41", "text": ">> I know. That's why it's crazy. Well, I'm"}, {"start": "01:05:39", "end": "01:05:43", "text": "gonna like I I got the DeFi stuff and"}, {"start": "01:05:41", "end": "01:05:44", "text": "I'm going to buy more AI coins."}, {"start": "01:05:43", "end": "01:05:46", "text": ">> Yeah,"}, {"start": "01:05:44", "end": "01:05:48", "text": ">> dude. This chart,"}, {"start": "01:05:46", "end": "01:05:50", "text": ">> the Casper chart"}, {"start": "01:05:48", "end": "01:05:52", "text": ">> looks delicious to me."}, {"start": "01:05:50", "end": "01:05:54", "text": ">> I'm sick in the head."}, {"start": "01:05:52", "end": "01:05:55", "text": ">> Taking risks is the only thing I know"}, {"start": "01:05:54", "end": "01:05:57", "text": "how to do."}, {"start": "01:05:55", "end": "01:05:58", "text": ">> I know it's going to make at least one"}, {"start": "01:05:57", "end": "01:06:01", "text": "viewer very happy."}, {"start": "01:05:58", "end": "01:06:03", "text": ">> I like me and him fight all the time, so"}, {"start": "01:06:01", "end": "01:06:06", "text": "I'm not trying to make him happy. This"}, {"start": "01:06:03", "end": "01:06:08", "text": "thing did not go down to its 10-10 wick."}, {"start": "01:06:06", "end": "01:06:10", "text": "It's protecting itself at an original"}, {"start": "01:06:08", "end": "01:06:14", "text": "pump two moment that was shortly after"}, {"start": "01:06:10", "end": "01:06:16", "text": "support. And sure, we could like lose"}, {"start": "01:06:14", "end": "01:06:19", "text": "three cents on this or something in the"}, {"start": "01:06:16", "end": "01:06:22", "text": "chop zone, but damn it, I'm a I want"}, {"start": "01:06:19", "end": "01:06:24", "text": "proof of work to win. And I'm going to"}, {"start": "01:06:22", "end": "01:06:26", "text": "put my money where my mouth is with"}, {"start": "01:06:24", "end": "01:06:26", "text": "this. I want proof of work to win. I"}, {"start": "01:06:26", "end": "01:06:27", "text": "really do."}, {"start": "01:06:26", "end": "01:06:29", "text": ">> Well, that's Bitcoin."}, {"start": "01:06:27", "end": "01:06:30", "text": ">> Well, I know that. I already got"}, {"start": "01:06:29", "end": "01:06:31", "text": "Bitcoin."}, {"start": "01:06:30", "end": "01:06:33", "text": ">> That's the only proof of work I'll ever"}, {"start": "01:06:31", "end": "01:06:34", "text": "buy. I heard somebody that explained"}, {"start": "01:06:33", "end": "01:06:36", "text": "this to me that was a very very"}, {"start": "01:06:34", "end": "01:06:38", "text": "sophisticated minor and power broker"}, {"start": "01:06:36", "end": "01:06:40", "text": "back in the day. Like literally he"}, {"start": "01:06:38", "end": "01:06:43", "text": "brokered power. Not like a"}, {"start": "01:06:40", "end": "01:06:46", "text": ">> power, you know, not like the term, but"}, {"start": "01:06:43", "end": "01:06:48", "text": ">> um and he explained to me and my very"}, {"start": "01:06:46", "end": "01:06:51", "text": "young Bitcoin mind about why there will"}, {"start": "01:06:48", "end": "01:06:53", "text": "only ever be one all proof of work will"}, {"start": "01:06:51", "end": "01:06:54", "text": "will gravitate towards one chain."}, {"start": "01:06:53", "end": "01:06:56", "text": ">> Sure."}, {"start": "01:06:54", "end": "01:06:56", "text": ">> I'm not going to stay in this thing."}, {"start": "01:06:56", "end": "01:06:58", "text": ">> Yeah."}, {"start": "01:06:56", "end": "01:07:01", "text": ">> I'm just like I think that this chart"}, {"start": "01:06:58", "end": "01:07:03", "text": "can be speculated to all hell. Go that."}, {"start": "01:07:01", "end": "01:07:05", "text": "Go for it. I can get behind you on that."}, {"start": "01:07:03", "end": "01:07:07", "text": "That's just not not the way I do it. But"}, {"start": "01:07:05", "end": "01:07:09", "text": ">> yeah, I I think I could go in and out"}, {"start": "01:07:07", "end": "01:07:10", "text": "and I'm going to be in danger the whole"}, {"start": "01:07:09", "end": "01:07:11", "text": "time I'm in."}, {"start": "01:07:10", "end": "01:07:12", "text": ">> Right. Absolutely."}, {"start": "01:07:11", "end": "01:07:13", "text": ">> And you love that. You're made for the"}, {"start": "01:07:12", "end": "01:07:16", "text": "danger zone."}, {"start": "01:07:13", "end": "01:07:19", "text": ">> But like I don't know. I think I'm going"}, {"start": "01:07:16", "end": "01:07:22", "text": "to take, you know, a little stab at it."}, {"start": "01:07:19", "end": "01:07:24", "text": "You know, a little stab at it. Uh Garia"}, {"start": "01:07:22", "end": "01:07:27", "text": "of Proof of Work. Shout out Shout out to"}, {"start": "01:07:24", "end": "01:07:28", "text": "that. Um what other stuff do I have to"}, {"start": "01:07:27", "end": "01:07:30", "text": "cover here? I know we're go. I have a"}, {"start": "01:07:28", "end": "01:07:31", "text": "lot to talk about today. Okay."}, {"start": "01:07:30", "end": "01:07:33", "text": ">> Move through it."}, {"start": "01:07:31", "end": "01:07:34", "text": ">> I'm not going to buy again."}, {"start": "01:07:33", "end": "01:07:35", "text": ">> Yeah."}, {"start": "01:07:34", "end": "01:07:37", "text": ">> I'm not going to buy again."}, {"start": "01:07:35", "end": "01:07:39", "text": ">> I wouldn't either. I don't have any."}, {"start": "01:07:37", "end": "01:07:42", "text": "I've I sold mine a while ago. I'm, you"}, {"start": "01:07:39", "end": "01:07:45", "text": "know, the founder's dead. That's not"}, {"start": "01:07:42", "end": "01:07:47", "text": "good. Founder CEO dies. I don't care"}, {"start": "01:07:45", "end": "01:07:49", "text": "what it is. You know, it's going to have"}, {"start": "01:07:47", "end": "01:07:50", "text": "a negative. You know, Microsoft, that's"}, {"start": "01:07:49", "end": "01:07:52", "text": "going to have a negative impact."}, {"start": "01:07:50", "end": "01:07:54", "text": ">> Well, he was, in my opinion, the the"}, {"start": "01:07:52", "end": "01:07:55", "text": "fellow who died, Nathan, got to it."}, {"start": "01:07:54", "end": "01:07:57", "text": "Yeah. Right."}, {"start": "01:07:55", "end": "01:08:00", "text": ">> Respect. Um"}, {"start": "01:07:57", "end": "01:08:04", "text": "he he was probably the only one that"}, {"start": "01:08:00", "end": "01:08:05", "text": "would be ethically driven to driving the"}, {"start": "01:08:04", "end": "01:08:08", "text": "money that is making off of these"}, {"start": "01:08:05", "end": "01:08:11", "text": "treasury yields back into the token to"}, {"start": "01:08:08", "end": "01:08:13", "text": "make it last long term. He's gone."}, {"start": "01:08:11", "end": "01:08:14", "text": "Everyone else is just going to extract."}, {"start": "01:08:13", "end": "01:08:16", "text": ">> Well, he was the energy. He was the"}, {"start": "01:08:14", "end": "01:08:18", "text": "vision. He was probably the big"}, {"start": "01:08:16", "end": "01:08:19", "text": "relationships that needed to keep that"}, {"start": "01:08:18", "end": "01:08:21", "text": "stuff going. And ever since,"}, {"start": "01:08:19", "end": "01:08:23", "text": "realistically, ever since I saw Black"}, {"start": "01:08:21", "end": "01:08:23", "text": "Rockck was going to be doing their own"}, {"start": "01:08:23", "end": "01:08:24", "text": "chain."}, {"start": "01:08:23", "end": "01:08:26", "text": ">> Mhm."}, {"start": "01:08:24", "end": "01:08:27", "text": ">> It's like, well then what do you what"}, {"start": "01:08:26", "end": "01:08:29", "text": "iso for?"}, {"start": "01:08:27", "end": "01:08:31", "text": ">> Right. Right. And the runup that Ando"}, {"start": "01:08:29", "end": "01:08:34", "text": "had was like"}, {"start": "01:08:31", "end": "01:08:38", "text": "Ando ran up when we were so much more"}, {"start": "01:08:34", "end": "01:08:41", "text": "hopeful about altcoins like finding"}, {"start": "01:08:38", "end": "01:08:44", "text": "their screw you banks, their takeover"}, {"start": "01:08:41", "end": "01:08:47", "text": "moment. You know what I mean? And now I"}, {"start": "01:08:44", "end": "01:08:49", "text": "I just see that with the amount of give"}, {"start": "01:08:47", "end": "01:08:52", "text": "that we're willing to have happen on"}, {"start": "01:08:49", "end": "01:08:54", "text": "this clarity act. I just don't know if"}, {"start": "01:08:52", "end": "01:08:56", "text": "actually going to be able to follow"}, {"start": "01:08:54", "end": "01:08:59", "text": "through with tokenizing the stock market"}, {"start": "01:08:56", "end": "01:09:01", "text": "like the narrative was. I think 1010"}, {"start": "01:08:59", "end": "01:09:03", "text": "changed a lot of that. And"}, {"start": "01:09:01", "end": "01:09:04", "text": ">> well I still think they're going to do"}, {"start": "01:09:03", "end": "01:09:05", "text": "it. I just don't know if it's going to"}, {"start": "01:09:04", "end": "01:09:05", "text": "happen on."}, {"start": "01:09:05", "end": "01:09:06", "text": ">> No."}, {"start": "01:09:05", "end": "01:09:10", "text": ">> You know that's the you know and again"}, {"start": "01:09:06", "end": "01:09:12", "text": "like I said the the founder passing is"}, {"start": "01:09:10", "end": "01:09:14", "text": "it's up tough now. Now, if you are a"}, {"start": "01:09:12", "end": "01:09:16", "text": "holder of it and you're down bad, all of"}, {"start": "01:09:14", "end": "01:09:18", "text": "these coins when these big pumps happen,"}, {"start": "01:09:16", "end": "01:09:21", "text": "when the Fed balance sheet expands, like"}, {"start": "01:09:18", "end": "01:09:24", "text": "it will see some"}, {"start": "01:09:21", "end": "01:09:26", "text": "positive price action. I'm just don't be"}, {"start": "01:09:24", "end": "01:09:27", "text": "counting on a new all-time high or you"}, {"start": "01:09:26", "end": "01:09:29", "text": "know, if you had these I don't know what"}, {"start": "01:09:27", "end": "01:09:32", "text": "the prices are these days. If you what"}, {"start": "01:09:29", "end": "01:09:32", "text": "is it like two What did it peak at? Two"}, {"start": "01:09:32", "end": "01:09:34", "text": "two and change."}, {"start": "01:09:32", "end": "01:09:37", "text": ">> I was selling this thing at two bucks"}, {"start": "01:09:34", "end": "01:09:39", "text": "and then I got the rid of the rest of"}, {"start": "01:09:37", "end": "01:09:40", "text": "the bag at a dollar. I bought a bunch of"}, {"start": "01:09:39", "end": "01:09:41", "text": "firearms with it."}, {"start": "01:09:40", "end": "01:09:44", "text": ">> Yeah. And that's kind of where I was"}, {"start": "01:09:41", "end": "01:09:46", "text": "going is like if you think this is going"}, {"start": "01:09:44", "end": "01:09:48", "text": "if we get that pump, you know, get your"}, {"start": "01:09:46", "end": "01:09:50", "text": "profits when you can. $10 ono is"}, {"start": "01:09:48", "end": "01:09:52", "text": "probably not happening."}, {"start": "01:09:50", "end": "01:09:54", "text": ">> Yeah. I mean, like I remember I got into"}, {"start": "01:09:52", "end": "01:09:56", "text": "this thing for 38 cents and then selling"}, {"start": "01:09:54", "end": "01:09:58", "text": "it at two bucks was a gimme because that"}, {"start": "01:09:56", "end": "01:10:00", "text": "was like over a three or 4x and that's"}, {"start": "01:09:58", "end": "01:10:02", "text": "my baseline rule is to sell a good"}, {"start": "01:10:00", "end": "01:10:03", "text": "majority of it when you're breaching 3x"}, {"start": "01:10:02", "end": "01:10:05", "text": "4x, you know,"}, {"start": "01:10:03", "end": "01:10:07", "text": ">> solid solid investment strategy."}, {"start": "01:10:05", "end": "01:10:10", "text": ">> Yeah. you know, and then I had some left"}, {"start": "01:10:07", "end": "01:10:12", "text": "and it just kept getting its head beat"}, {"start": "01:10:10", "end": "01:10:14", "text": "down at a dollar. These three dollar"}, {"start": "01:10:12", "end": "01:10:17", "text": "peaks, right? So, I remember watching"}, {"start": "01:10:14", "end": "01:10:19", "text": "this and it was like one of these final"}, {"start": "01:10:17", "end": "01:10:21", "text": "wicks to the upside. I just jeted the"}, {"start": "01:10:19", "end": "01:10:25", "text": "rest of it for a couple shoddies and"}, {"start": "01:10:21", "end": "01:10:30", "text": "rifles and stuff and it's been down very"}, {"start": "01:10:25", "end": "01:10:31", "text": "hard since then. the runup at 50 cents."}, {"start": "01:10:30", "end": "01:10:34", "text": "Like really, I guess I can short this"}, {"start": "01:10:31", "end": "01:10:36", "text": "thing if it goes to 50 cents again, but"}, {"start": "01:10:34", "end": "01:10:39", "text": "this looks like a pretty hard spot to"}, {"start": "01:10:36", "end": "01:10:42", "text": "beat. And it's basically fallen down to"}, {"start": "01:10:39", "end": "01:10:44", "text": "release prices at 20 cents. Like this"}, {"start": "01:10:42", "end": "01:10:47", "text": "thing came out at 30 cents, dropped to"}, {"start": "01:10:44", "end": "01:10:50", "text": "20 cents. The the wick when we had that"}, {"start": "01:10:47", "end": "01:10:52", "text": "five on fear brought this thing"}, {"start": "01:10:50", "end": "01:10:55", "text": "literally to release prices. Like this"}, {"start": "01:10:52", "end": "01:10:57", "text": "looks like an extraction plan from from"}, {"start": "01:10:55", "end": "01:11:00", "text": "here on out. So, you know, I'm not"}, {"start": "01:10:57", "end": "01:11:02", "text": "buying ono. I don't care what people"}, {"start": "01:11:00", "end": "01:11:04", "text": "come to me and tell me, \"Oh, it's going"}, {"start": "01:11:02", "end": "01:11:07", "text": "to tokenize the stock market, blah,"}, {"start": "01:11:04", "end": "01:11:09", "text": "blah, blah. I don't care. Um, you know,"}, {"start": "01:11:07", "end": "01:11:10", "text": "I'd rather have firearms and barbecue"}, {"start": "01:11:09", "end": "01:11:11", "text": "food.\""}, {"start": "01:11:10", "end": "01:11:14", "text": ">> You don't care. You're buying Caspa."}, {"start": "01:11:11", "end": "01:11:16", "text": ">> Oh, you know what? I'm I like the chart"}, {"start": "01:11:14", "end": "01:11:18", "text": "on Casper a lot more than this."}, {"start": "01:11:16", "end": "01:11:19", "text": ">> That's what makes That's why you got to"}, {"start": "01:11:18", "end": "01:11:20", "text": "watch this channel because you're"}, {"start": "01:11:19", "end": "01:11:22", "text": "looking at technicals. I'm looking at"}, {"start": "01:11:20", "end": "01:11:23", "text": "fundamentals, you know, and"}, {"start": "01:11:22", "end": "01:11:25", "text": ">> I like the whole different approach, but"}, {"start": "01:11:23", "end": "01:11:26", "text": "it works. C. And you remember we mined"}, {"start": "01:11:25", "end": "01:11:26", "text": "Caspa."}, {"start": "01:11:26", "end": "01:11:29", "text": ">> Oh yeah."}, {"start": "01:11:26", "end": "01:11:29", "text": ">> When it was like fractions of a penny,"}, {"start": "01:11:29", "end": "01:11:30", "text": "right?"}, {"start": "01:11:29", "end": "01:11:32", "text": ">> Sold every one of them."}, {"start": "01:11:30", "end": "01:11:32", "text": ">> We"}, {"start": "01:11:32", "end": "01:11:33", "text": "exactly"}, {"start": "01:11:32", "end": "01:11:35", "text": ">> in profit. You know,"}, {"start": "01:11:33", "end": "01:11:40", "text": ">> we made a lot of money off that. But"}, {"start": "01:11:35", "end": "01:11:44", "text": "like this from a from my opinion looks"}, {"start": "01:11:40", "end": "01:11:46", "text": "like a slow grind to zero. And many"}, {"start": "01:11:44", "end": "01:11:47", "text": "people aren't going to like that. But I"}, {"start": "01:11:46", "end": "01:11:50", "text": "don't think that there's any incentive"}, {"start": "01:11:47", "end": "01:11:51", "text": "for Ando to roll all the profits they're"}, {"start": "01:11:50", "end": "01:11:54", "text": "making from these tokenized treasuries"}, {"start": "01:11:51", "end": "01:11:56", "text": "back into the token. And hon like I'm"}, {"start": "01:11:54", "end": "01:12:00", "text": "questioning chain link. I'm questioning"}, {"start": "01:11:56", "end": "01:12:03", "text": "chain link. I am because if they don't"}, {"start": "01:12:00", "end": "01:12:06", "text": "make the chart perform aggressively over"}, {"start": "01:12:03", "end": "01:12:07", "text": "the next cycle and they don't run a"}, {"start": "01:12:06", "end": "01:12:10", "text": "bunch of revenue back into the token"}, {"start": "01:12:07", "end": "01:12:11", "text": "holders hands, then you're going to have"}, {"start": "01:12:10", "end": "01:12:13", "text": "five years from now Google will come out"}, {"start": "01:12:11", "end": "01:12:16", "text": "with its own oracle. Where does that"}, {"start": "01:12:13", "end": "01:12:17", "text": "leave chain link? You know what I mean?"}, {"start": "01:12:16", "end": "01:12:20", "text": "Like I that's what I'm thinking about."}, {"start": "01:12:17", "end": "01:12:22", "text": "And am I crazy in thinking that? like"}, {"start": "01:12:20", "end": "01:12:24", "text": ">> you're not crazy to question things, but"}, {"start": "01:12:22", "end": "01:12:27", "text": "I don't think it's that easy to just to"}, {"start": "01:12:24", "end": "01:12:29", "text": "to replicate what they've done. Uh"}, {"start": "01:12:27", "end": "01:12:32", "text": "they've got some and these companies are"}, {"start": "01:12:29", "end": "01:12:36", "text": "much more incentivized to partner and"}, {"start": "01:12:32", "end": "01:12:38", "text": "but the big question isn't will somebody"}, {"start": "01:12:36", "end": "01:12:41", "text": "try to compete with their technology."}, {"start": "01:12:38", "end": "01:12:42", "text": "It's will the if chain link Labs"}, {"start": "01:12:41", "end": "01:12:44", "text": "continues to do well and this is similar"}, {"start": "01:12:42", "end": "01:12:46", "text": "with all sorts of projects in crypto,"}, {"start": "01:12:44", "end": "01:12:47", "text": "how does that translate back into token"}, {"start": "01:12:46", "end": "01:12:50", "text": "price,"}, {"start": "01:12:47", "end": "01:12:52", "text": ">> right? And will they and and my"}, {"start": "01:12:50", "end": "01:12:54", "text": "understanding or what I've heard so far"}, {"start": "01:12:52", "end": "01:12:55", "text": "is that"}, {"start": "01:12:54", "end": "01:12:58", "text": ">> and I and I'll give this is where I'll"}, {"start": "01:12:55", "end": "01:13:00", "text": "give Stani and A credit as much fire as"}, {"start": "01:12:58", "end": "01:13:02", "text": "they've come under with A and A Labs"}, {"start": "01:13:00", "end": "01:13:04", "text": "they actually did close that loop and"}, {"start": "01:13:02", "end": "01:13:08", "text": "they did align incentives where to you"}, {"start": "01:13:04", "end": "01:13:10", "text": "know token value is aligned between A"}, {"start": "01:13:08", "end": "01:13:11", "text": "and A Labs and so the token holders"}, {"start": "01:13:10", "end": "01:13:15", "text": "actually are getting the line share of"}, {"start": "01:13:11", "end": "01:13:16", "text": "the majority that A is creating."}, {"start": "01:13:15", "end": "01:13:19", "text": "Chainlink is not set up that way. And my"}, {"start": "01:13:16", "end": "01:13:23", "text": "understanding is chain link Sergey is"}, {"start": "01:13:19", "end": "01:13:26", "text": "not as minded in protecting token"}, {"start": "01:13:23", "end": "01:13:26", "text": "holders as he is stakeholders."}, {"start": "01:13:26", "end": "01:13:28", "text": ">> Yeah."}, {"start": "01:13:26", "end": "01:13:30", "text": ">> And that's where you have an issue a lot"}, {"start": "01:13:28", "end": "01:13:32", "text": "of times with altcoins is stakeholders"}, {"start": "01:13:30", "end": "01:13:33", "text": "and token holders are have misaligned"}, {"start": "01:13:32", "end": "01:13:33", "text": "incentives,"}, {"start": "01:13:33", "end": "01:13:36", "text": ">> right?"}, {"start": "01:13:33", "end": "01:13:36", "text": ">> And so questioning that you absolutely"}, {"start": "01:13:36", "end": "01:13:38", "text": "should be doing."}, {"start": "01:13:36", "end": "01:13:40", "text": ">> Yeah. And I just look at it like I just"}, {"start": "01:13:38", "end": "01:13:41", "text": "want to make money off of buying the"}, {"start": "01:13:40", "end": "01:13:44", "text": "altcoin and then selling it when it goes"}, {"start": "01:13:41", "end": "01:13:45", "text": "up. I don't care about stakeholder"}, {"start": "01:13:44", "end": "01:13:48", "text": "incentives or anything like that. And"}, {"start": "01:13:45", "end": "01:13:52", "text": "looking at this chart, extremely lower"}, {"start": "01:13:48", "end": "01:13:55", "text": "high in the last bull market like very"}, {"start": "01:13:52", "end": "01:13:58", "text": "much so a diminished return in the last"}, {"start": "01:13:55", "end": "01:14:02", "text": "bull market. And this is coming like I"}, {"start": "01:13:58", "end": "01:14:04", "text": "bought chain link in the uh COVID crash."}, {"start": "01:14:02", "end": "01:14:06", "text": "I bought a little bit more in September"}, {"start": "01:14:04", "end": "01:14:09", "text": "23 and I had to get out of the way and"}, {"start": "01:14:06", "end": "01:14:11", "text": "stop holding it at like $13.50."}, {"start": "01:14:09", "end": "01:14:13", "text": "And so I'm looking at this chart like"}, {"start": "01:14:11", "end": "01:14:15", "text": "yeah I mean like if the diminished"}, {"start": "01:14:13", "end": "01:14:18", "text": "return aspect continues you could see"}, {"start": "01:14:15", "end": "01:14:20", "text": "this thing pump to 20 bucks right so"}, {"start": "01:14:18", "end": "01:14:24", "text": "maybe eight to 20 bucks it's not a bad"}, {"start": "01:14:20", "end": "01:14:26", "text": "like 100% 150% move but I just feel like"}, {"start": "01:14:24", "end": "01:14:28", "text": "I can find uh I can find better upside"}, {"start": "01:14:26", "end": "01:14:31", "text": "other places until they actually change"}, {"start": "01:14:28", "end": "01:14:32", "text": "that and also the treasury that chain"}, {"start": "01:14:31", "end": "01:14:32", "text": "link treasury never really changed"}, {"start": "01:14:32", "end": "01:14:34", "text": "anything"}, {"start": "01:14:32", "end": "01:14:36", "text": ">> that's what I'm talking about where a"}, {"start": "01:14:34", "end": "01:14:39", "text": "made adjustments chain link hasn't and"}, {"start": "01:14:36", "end": "01:14:41", "text": "hasn't really shown much alignment there"}, {"start": "01:14:39", "end": "01:14:42", "text": "So I still hold a lot of chain link. I"}, {"start": "01:14:41", "end": "01:14:44", "text": "still think it's a very critical"}, {"start": "01:14:42", "end": "01:14:48", "text": "technology. It helps. You know, it's a"}, {"start": "01:14:44", "end": "01:14:50", "text": "core infrastructure play. Um"}, {"start": "01:14:48", "end": "01:14:52", "text": "the tokconomics not as great as some of"}, {"start": "01:14:50", "end": "01:14:54", "text": "the other ones, but I do think I mean if"}, {"start": "01:14:52", "end": "01:14:56", "text": "you like it's out there at least there's"}, {"start": "01:14:54", "end": "01:14:58", "text": "not a lot of um"}, {"start": "01:14:56", "end": "01:15:00", "text": "you know most of the circulating supply"}, {"start": "01:14:58", "end": "01:15:01", "text": "is out. It does have a max supply."}, {"start": "01:15:00", "end": "01:15:03", "text": "That's actually a nice feature."}, {"start": "01:15:01", "end": "01:15:05", "text": ">> That is true. That is true."}, {"start": "01:15:03", "end": "01:15:09", "text": ">> So I I still am long long-term bullish."}, {"start": "01:15:05", "end": "01:15:11", "text": "I think what you said that"}, {"start": "01:15:09", "end": "01:15:14", "text": ">> what chain link has already built is"}, {"start": "01:15:11", "end": "01:15:16", "text": "kind of hard to replicate."}, {"start": "01:15:14", "end": "01:15:18", "text": ">> Maybe it doesn't go away, but something"}, {"start": "01:15:16", "end": "01:15:20", "text": "needs to be done with how the revenue is"}, {"start": "01:15:18", "end": "01:15:22", "text": "driven back into the token. Like"}, {"start": "01:15:20", "end": "01:15:23", "text": "something needs to change about it or"}, {"start": "01:15:22", "end": "01:15:25", "text": "this graph is just going to continue"}, {"start": "01:15:23", "end": "01:15:27", "text": "looking like trash. Well, another thing"}, {"start": "01:15:25", "end": "01:15:29", "text": "to remember too that I feel like people"}, {"start": "01:15:27", "end": "01:15:30", "text": "forget in crypto is especially us. We've"}, {"start": "01:15:29", "end": "01:15:33", "text": "been in we've been here for a while and"}, {"start": "01:15:30", "end": "01:15:35", "text": "it feels to us, you know, immature young"}, {"start": "01:15:33", "end": "01:15:38", "text": "investors, you know, like this is a"}, {"start": "01:15:35", "end": "01:15:41", "text": "mature market, but to traditional money,"}, {"start": "01:15:38", "end": "01:15:43", "text": "this is just starting to be a small"}, {"start": "01:15:41", "end": "01:15:45", "text": "child in their view. You know, this is"}, {"start": "01:15:43", "end": "01:15:47", "text": "the where we are with crypto, whe all of"}, {"start": "01:15:45", "end": "01:15:51", "text": "these projects right now is to me very"}, {"start": "01:15:47", "end": "01:15:53", "text": "akin to like 2000. year 2000 when it"}, {"start": "01:15:51", "end": "01:15:56", "text": "comes to internet and internet stocks"}, {"start": "01:15:53", "end": "01:15:58", "text": "and the the Amazons and the Googles are"}, {"start": "01:15:56", "end": "01:16:00", "text": "out there and so are the pet.com and the"}, {"start": "01:15:58", "end": "01:16:02", "text": "Yahoos and all and all of those things."}, {"start": "01:16:00", "end": "01:16:04", "text": "And so"}, {"start": "01:16:02", "end": "01:16:06", "text": ">> the trick is finding those now. Will"}, {"start": "01:16:04", "end": "01:16:09", "text": "Chain Link become a Google? Will"}, {"start": "01:16:06", "end": "01:16:11", "text": "Ethereum become an Amazon? You know,"}, {"start": "01:16:09", "end": "01:16:13", "text": "those sorts of questions is what you"}, {"start": "01:16:11", "end": "01:16:14", "text": "need to be asking yourself. Uh and"}, {"start": "01:16:13", "end": "01:16:16", "text": "they're they're out there now. But what"}, {"start": "01:16:14", "end": "01:16:18", "text": "you don't want to do is be in the"}, {"start": "01:16:16", "end": "01:16:21", "text": "pets.com. And I saw somebody in the chat"}, {"start": "01:16:18", "end": "01:16:23", "text": "earlier talking about uh a gaming thing"}, {"start": "01:16:21", "end": "01:16:25", "text": "and it's like gaming was one of those"}, {"start": "01:16:23", "end": "01:16:26", "text": "like you're getting sold a dream and it"}, {"start": "01:16:25", "end": "01:16:29", "text": "sounds great but that would be one I"}, {"start": "01:16:26", "end": "01:16:31", "text": "like we got burned on back in 2020 2021."}, {"start": "01:16:29", "end": "01:16:32", "text": "I would I'm staying far away. I've"}, {"start": "01:16:31", "end": "01:16:33", "text": "learned my lesson on gaming."}, {"start": "01:16:32", "end": "01:16:36", "text": ">> Yeah."}, {"start": "01:16:33", "end": "01:16:37", "text": ">> Um look at what is actually being used"}, {"start": "01:16:36", "end": "01:16:39", "text": "and again and what has real world"}, {"start": "01:16:37", "end": "01:16:40", "text": "application. Where's the real world"}, {"start": "01:16:39", "end": "01:16:43", "text": "going is AI and DeFi,"}, {"start": "01:16:40", "end": "01:16:45", "text": ">> right? And AI gaming is supposed to like"}, {"start": "01:16:43", "end": "01:16:47", "text": "help them. No, it's not. Now, everyone"}, {"start": "01:16:45", "end": "01:16:49", "text": "can create a game in the blink of an"}, {"start": "01:16:47", "end": "01:16:51", "text": "eye. They're going to Games are going to"}, {"start": "01:16:49", "end": "01:16:54", "text": "turn into basically week-long memes"}, {"start": "01:16:51", "end": "01:16:55", "text": "where you're going to make a meme game"}, {"start": "01:16:54", "end": "01:16:57", "text": "that's going to last a week and then the"}, {"start": "01:16:55", "end": "01:16:59", "text": "next meme will come out, all the vibe"}, {"start": "01:16:57", "end": "01:17:00", "text": "coders will make the little game and"}, {"start": "01:16:59", "end": "01:17:02", "text": "then it's dead a week later."}, {"start": "01:17:00", "end": "01:17:04", "text": ">> To me, what's interesting about gaming"}, {"start": "01:17:02", "end": "01:17:07", "text": "is actually gamification of real world"}, {"start": "01:17:04", "end": "01:17:09", "text": "things. I think gamification"}, {"start": "01:17:07", "end": "01:17:11", "text": "is going to be the new game. So like"}, {"start": "01:17:09", "end": "01:17:12", "text": "that and that's one thing I'm playing"}, {"start": "01:17:11", "end": "01:17:13", "text": "with with some of this AI stuff and like"}, {"start": "01:17:12", "end": "01:17:15", "text": "what we're doing is building these"}, {"start": "01:17:13", "end": "01:17:19", "text": "custom operating systems and then"}, {"start": "01:17:15", "end": "01:17:22", "text": "gamifying all of your actions and the"}, {"start": "01:17:19", "end": "01:17:24", "text": "goals you actually want to hit gamify"}, {"start": "01:17:22", "end": "01:17:27", "text": "that in a way that makes it fun to do."}, {"start": "01:17:24", "end": "01:17:29", "text": "you know, we're we're gonna build habits"}, {"start": "01:17:27", "end": "01:17:31", "text": "using the same addictive gamification"}, {"start": "01:17:29", "end": "01:17:33", "text": "things that gaming companies use of"}, {"start": "01:17:31", "end": "01:17:35", "text": "streaks and button clicks and dopamine"}, {"start": "01:17:33", "end": "01:17:37", "text": "rewards for doing the thing that you,"}, {"start": "01:17:35", "end": "01:17:39", "text": "you know, like, oh, I want to get up"}, {"start": "01:17:37", "end": "01:17:40", "text": "before 6:00 a.m. every day. And it's"}, {"start": "01:17:39", "end": "01:17:41", "text": "like, all right, let's gamify that. All"}, {"start": "01:17:40", "end": "01:17:43", "text": "right, I want to work out, you know,"}, {"start": "01:17:41", "end": "01:17:44", "text": "like, and you turn your whole life into"}, {"start": "01:17:43", "end": "01:17:45", "text": "a game."}, {"start": "01:17:44", "end": "01:17:47", "text": ">> Turn the Sims into a reality."}, {"start": "01:17:45", "end": "01:17:48", "text": ">> Yes. That I think to me is the future of"}, {"start": "01:17:47", "end": "01:17:51", "text": "gaming."}, {"start": "01:17:48", "end": "01:17:52", "text": ">> Jeez, it's a brave new world, TJ."}, {"start": "01:17:51", "end": "01:17:54", "text": ">> It is."}, {"start": "01:17:52", "end": "01:17:56", "text": ">> It's a brave new world. Well, I I think"}, {"start": "01:17:54", "end": "01:18:00", "text": "we went over time because I had a lot to"}, {"start": "01:17:56", "end": "01:18:01", "text": "get off my chest, right? Um, and I I"}, {"start": "01:18:00", "end": "01:18:03", "text": "liked your counterpoints about, you"}, {"start": "01:18:01", "end": "01:18:05", "text": "know, because sometimes when I'm just"}, {"start": "01:18:03", "end": "01:18:08", "text": "doing from TA looking at some of these"}, {"start": "01:18:05", "end": "01:18:09", "text": "charts, I hate what I'm seeing, you"}, {"start": "01:18:08", "end": "01:18:12", "text": "know,"}, {"start": "01:18:09", "end": "01:18:15", "text": ">> but that being said, you know, I think"}, {"start": "01:18:12", "end": "01:18:18", "text": "what we have right now with Chain Link"}, {"start": "01:18:15", "end": "01:18:19", "text": "and I I just might be way ahead of and I"}, {"start": "01:18:18", "end": "01:18:20", "text": "might have been in crypto for too long,"}, {"start": "01:18:19", "end": "01:18:22", "text": "right? Like"}, {"start": "01:18:20", "end": "01:18:24", "text": ">> defin Yeah."}, {"start": "01:18:22", "end": "01:18:25", "text": "where, you know, we see what's"}, {"start": "01:18:24", "end": "01:18:28", "text": "happening, what's coming, but we're way"}, {"start": "01:18:25", "end": "01:18:30", "text": "ahead of the curve. So, you know, I am"}, {"start": "01:18:28", "end": "01:18:33", "text": "going to try to actually uh kick off"}, {"start": "01:18:30", "end": "01:18:36", "text": "some trades. I just the the the momentum"}, {"start": "01:18:33", "end": "01:18:39", "text": "to Bitcoin seems so down. So, I might"}, {"start": "01:18:36", "end": "01:18:40", "text": "just have to wait for a little bit of a"}, {"start": "01:18:39", "end": "01:18:41", "text": "fake pump up."}, {"start": "01:18:40", "end": "01:18:44", "text": ">> I said, do you long the bottom of that"}, {"start": "01:18:41", "end": "01:18:45", "text": "channel?"}, {"start": "01:18:44", "end": "01:18:47", "text": ">> Isn't that what theory would say?"}, {"start": "01:18:45", "end": "01:18:48", "text": ">> Let's that that's what logic would say."}, {"start": "01:18:47", "end": "01:18:51", "text": "That's what everyone was trying to do"}, {"start": "01:18:48", "end": "01:18:51", "text": "last night along with me. We got beat"}, {"start": "01:18:51", "end": "01:18:52", "text": "the hell up."}, {"start": "01:18:51", "end": "01:18:54", "text": ">> Yeah, but it's not the bottom of the"}, {"start": "01:18:52", "end": "01:18:55", "text": "channel. It was the middle. You were"}, {"start": "01:18:54", "end": "01:18:56", "text": "hoping for a bounce off the middle. You"}, {"start": "01:18:55", "end": "01:18:57", "text": "didn't catch the bounce. The next one is"}, {"start": "01:18:56", "end": "01:19:01", "text": "the bottom."}, {"start": "01:18:57", "end": "01:19:04", "text": ">> And that's about like 715, right? So, I"}, {"start": "01:19:01", "end": "01:19:06", "text": "can start being excited and try to look"}, {"start": "01:19:04", "end": "01:19:10", "text": "up at like 72 715, which we're not too"}, {"start": "01:19:06", "end": "01:19:13", "text": "far away from. We're 728 right now. Um,"}, {"start": "01:19:10", "end": "01:19:15", "text": "and really this point right here looks"}, {"start": "01:19:13", "end": "01:19:18", "text": "like the stronger, you know, buoyancy"}, {"start": "01:19:15", "end": "01:19:20", "text": "part about like 71."}, {"start": "01:19:18", "end": "01:19:23", "text": "So, you know, I think in terms of what"}, {"start": "01:19:20", "end": "01:19:27", "text": "I'm going to do in trading,"}, {"start": "01:19:23", "end": "01:19:29", "text": "I have to uh, you know, if we get it,"}, {"start": "01:19:27", "end": "01:19:31", "text": "wait for like this fake pump to the"}, {"start": "01:19:29", "end": "01:19:33", "text": "upside. I really feel like this bottom"}, {"start": "01:19:31", "end": "01:19:36", "text": "end of the channel is a magnet right"}, {"start": "01:19:33", "end": "01:19:39", "text": "now, though. And you know, maybe we see"}, {"start": "01:19:36", "end": "01:19:42", "text": "some momentum up to like 73874"}, {"start": "01:19:39", "end": "01:19:45", "text": "and try to take a scalp uh scalp short"}, {"start": "01:19:42", "end": "01:19:47", "text": "and then put my stop loss above 745"}, {"start": "01:19:45", "end": "01:19:49", "text": "because if you can crack this daily"}, {"start": "01:19:47", "end": "01:19:52", "text": "candle with a green one, if you can"}, {"start": "01:19:49", "end": "01:19:53", "text": "crack this moment right here, you could"}, {"start": "01:19:52", "end": "01:19:56", "text": "probably start fighting your way back"}, {"start": "01:19:53", "end": "01:19:58", "text": "up. But right now, it looks like a"}, {"start": "01:19:56", "end": "01:20:00", "text": "magnet lower. It does look like a magnet"}, {"start": "01:19:58", "end": "01:20:03", "text": "lower and we're trying to fight right"}, {"start": "01:20:00", "end": "01:20:07", "text": "now. Like this is the 4 hour. Golly,"}, {"start": "01:20:03", "end": "01:20:09", "text": "that momentum is Holy God. Look at the"}, {"start": "01:20:07", "end": "01:20:10", "text": "momentum wave. It's at a negative 80"}, {"start": "01:20:09", "end": "01:20:11", "text": "right now."}, {"start": "01:20:10", "end": "01:20:13", "text": ">> What does that mean?"}, {"start": "01:20:11", "end": "01:20:16", "text": ">> When you get a negative 80 reading on"}, {"start": "01:20:13", "end": "01:20:18", "text": "momentum, usually you're in for a very"}, {"start": "01:20:16", "end": "01:20:20", "text": "sharp recovery to the upside. Like the"}, {"start": "01:20:18", "end": "01:20:23", "text": "last time we were at this level was that"}, {"start": "01:20:20", "end": "01:20:24", "text": "uh this wick, the 59 wick."}, {"start": "01:20:23", "end": "01:20:25", "text": ">> Wow. And that's the bottom of that"}, {"start": "01:20:24", "end": "01:20:27", "text": "channel."}, {"start": "01:20:25", "end": "01:20:28", "text": ">> Yeah. That's the last time we saw it."}, {"start": "01:20:27", "end": "01:20:29", "text": "So,"}, {"start": "01:20:28", "end": "01:20:30", "text": ">> my gut is good."}, {"start": "01:20:29", "end": "01:20:31", "text": ">> Your gut is good."}, {"start": "01:20:30", "end": "01:20:32", "text": ">> Well, we'll see."}, {"start": "01:20:31", "end": "01:20:33", "text": ">> Your gut is good. This is what I'm"}, {"start": "01:20:32", "end": "01:20:35", "text": "watching that's making me a little"}, {"start": "01:20:33", "end": "01:20:37", "text": "uncomfortable is you have like kind of"}, {"start": "01:20:35", "end": "01:20:38", "text": "like a downward trend line on these"}, {"start": "01:20:37", "end": "01:20:38", "text": "momentum waves."}, {"start": "01:20:38", "end": "01:20:40", "text": ">> Mhm."}, {"start": "01:20:38", "end": "01:20:42", "text": ">> But you know,"}, {"start": "01:20:40", "end": "01:20:43", "text": ">> look for you see that anywhere else. How"}, {"start": "01:20:42", "end": "01:20:45", "text": "far back you have to scroll to find that"}, {"start": "01:20:43", "end": "01:20:47", "text": "again? Like such a clear"}, {"start": "01:20:45", "end": "01:20:48", "text": ">> Let's see here."}, {"start": "01:20:47", "end": "01:20:50", "text": ">> One, two, three. Like that."}, {"start": "01:20:48", "end": "01:20:51", "text": ">> That's a while. Like we're going back"}, {"start": "01:20:50", "end": "01:20:52", "text": "far here."}, {"start": "01:20:51", "end": "01:20:54", "text": ">> Yeah. You don't see that very cuz you're"}, {"start": "01:20:52", "end": "01:20:56", "text": "on you're on a 4 hour. Okay."}, {"start": "01:20:54", "end": "01:20:58", "text": ">> Yeah. Let's look at I want to You got a"}, {"start": "01:20:56", "end": "01:21:00", "text": "good point cuz here's like the upward"}, {"start": "01:20:58", "end": "01:21:02", "text": "but you go the opposite direction down"}, {"start": "01:21:00", "end": "01:21:04", "text": "and then a massive flush. Oh, here's"}, {"start": "01:21:02", "end": "01:21:05", "text": "one. Here's one."}, {"start": "01:21:04", "end": "01:21:07", "text": ">> One, two, three."}, {"start": "01:21:05", "end": "01:21:09", "text": ">> January of 2024. Here's one."}, {"start": "01:21:07", "end": "01:21:11", "text": ">> We got a pump after that for sure."}, {"start": "01:21:09", "end": "01:21:12", "text": ">> Yeah, you had like some"}, {"start": "01:21:11", "end": "01:21:12", "text": ">> Yeah, look at that."}, {"start": "01:21:12", "end": "01:21:15", "text": ">> [�__�]"}, {"start": "01:21:12", "end": "01:21:18", "text": ">> Look, it's looking bullish."}, {"start": "01:21:15", "end": "01:21:20", "text": ">> Oh boy."}, {"start": "01:21:18", "end": "01:21:21", "text": ">> Bitcoin ran by what?"}, {"start": "01:21:20", "end": "01:21:22", "text": ">> 87%."}, {"start": "01:21:21", "end": "01:21:24", "text": ">> Yeah, that was that was a Yeah, that was"}, {"start": "01:21:22", "end": "01:21:25", "text": "a huge spike. That was when alts went"}, {"start": "01:21:24", "end": "01:21:28", "text": "crazy."}, {"start": "01:21:25", "end": "01:21:29", "text": ">> Oh my lord. And we're right there right"}, {"start": "01:21:28", "end": "01:21:30", "text": "now."}, {"start": "01:21:29", "end": "01:21:31", "text": ">> There you go."}, {"start": "01:21:30", "end": "01:21:33", "text": ">> All right. Here's what I'll do. And"}, {"start": "01:21:31", "end": "01:21:34", "text": "seeing that, that actually kind of"}, {"start": "01:21:33", "end": "01:21:36", "text": ">> That's some opium right there."}, {"start": "01:21:34", "end": "01:21:39", "text": ">> That is some opium. But what I'll do is"}, {"start": "01:21:36", "end": "01:21:40", "text": "I'll set stops below this 70,500 mark,"}, {"start": "01:21:39", "end": "01:21:42", "text": "you know? And I'm not going to try to do"}, {"start": "01:21:40", "end": "01:21:44", "text": "this with 50x leverage. Like I'm going"}, {"start": "01:21:42", "end": "01:21:44", "text": "to do it with like 20x, you know what I"}, {"start": "01:21:44", "end": "01:21:45", "text": "mean?"}, {"start": "01:21:44", "end": "01:21:48", "text": ">> I'm conservative."}, {"start": "01:21:45", "end": "01:21:50", "text": ">> I'm conservative 20x. Very conservative"}, {"start": "01:21:48", "end": "01:21:51", "text": "20x. So uh"}, {"start": "01:21:50", "end": "01:21:51", "text": ">> Oh my gosh."}, {"start": "01:21:51", "end": "01:21:52", "text": ">> All right. Well,"}, {"start": "01:21:51", "end": "01:21:54", "text": ">> like I was thinking like ah you I"}, {"start": "01:21:52", "end": "01:21:56", "text": "thought you were going to say like 3x."}, {"start": "01:21:54", "end": "01:21:59", "text": ">> No, no, no. Don't be ridiculous. Jeez,"}, {"start": "01:21:56", "end": "01:22:01", "text": "please. Um well, you know, I'm only"}, {"start": "01:21:59", "end": "01:22:03", "text": "using like a portion of my crypto stack"}, {"start": "01:22:01", "end": "01:22:06", "text": "to do this, right? Like leverage is like"}, {"start": "01:22:03", "end": "01:22:08", "text": "a crowbar, right? You can't open a car"}, {"start": "01:22:06", "end": "01:22:10", "text": "that's locked with your finger."}, {"start": "01:22:08", "end": "01:22:12", "text": ">> You have to use a crowbar. It's a tool,"}, {"start": "01:22:10", "end": "01:22:15", "text": "right? That's it. Leverage is a tool. If"}, {"start": "01:22:12", "end": "01:22:18", "text": "we just treat it as a tool to make the"}, {"start": "01:22:15", "end": "01:22:20", "text": "gains and losses larger with a smaller"}, {"start": "01:22:18", "end": "01:22:21", "text": "portion of the portfolio, stop losses"}, {"start": "01:22:20", "end": "01:22:22", "text": "are your friend. You know,"}, {"start": "01:22:21", "end": "01:22:24", "text": ">> you're saying you open your car with a"}, {"start": "01:22:22", "end": "01:22:26", "text": "crowbar."}, {"start": "01:22:24", "end": "01:22:28", "text": ">> I've opened a car with a crowbar before."}, {"start": "01:22:26", "end": "01:22:29", "text": "Not my car. I would never do that to my"}, {"start": "01:22:28", "end": "01:22:30", "text": "Sequoia."}, {"start": "01:22:29", "end": "01:22:31", "text": ">> Could use your keys"}, {"start": "01:22:30", "end": "01:22:32", "text": ">> ever. Ever. No."}, {"start": "01:22:31", "end": "01:22:34", "text": ">> That's a different tool."}, {"start": "01:22:32", "end": "01:22:36", "text": ">> Yeah. All right. Well, we went over"}, {"start": "01:22:34", "end": "01:22:37", "text": "time, but there's a lot to talk about."}, {"start": "01:22:36", "end": "01:22:39", "text": ">> Yeah. Tell Let us know in the comments."}, {"start": "01:22:37", "end": "01:22:40", "text": "I'm just curious. How are you guys"}, {"start": "01:22:39", "end": "01:22:43", "text": "feeling right now? How do you feel in"}, {"start": "01:22:40", "end": "01:22:45", "text": "the market? Are you feeling steady and"}, {"start": "01:22:43", "end": "01:22:47", "text": "calm and grounded and confident? You"}, {"start": "01:22:45", "end": "01:22:48", "text": "know, resilient, strong resolve. You"}, {"start": "01:22:47", "end": "01:22:49", "text": "feeling scared? Are you out? Are you"}, {"start": "01:22:48", "end": "01:22:51", "text": "done? You love crypto? Do you hate"}, {"start": "01:22:49", "end": "01:22:52", "text": "crypto? Are you consistent? I'm just"}, {"start": "01:22:51", "end": "01:22:54", "text": "kind of curious. I imagine most of the"}, {"start": "01:22:52", "end": "01:22:56", "text": "ones that are still here with us. This"}, {"start": "01:22:54", "end": "01:22:57", "text": "is not your first rodeo and you know"}, {"start": "01:22:56", "end": "01:22:58", "text": "what comes next? So, you're just, you"}, {"start": "01:22:57", "end": "01:23:00", "text": "know, kind of along for the ride, being"}, {"start": "01:22:58", "end": "01:23:02", "text": "patient. But I'm curious if you're are"}, {"start": "01:23:00", "end": "01:23:04", "text": "you new? Are you down bad? Do you hate"}, {"start": "01:23:02", "end": "01:23:06", "text": "it? Yeah, I saw that, too. So, yeah."}, {"start": "01:23:04", "end": "01:23:08", "text": "Everybody have your good have a good"}, {"start": "01:23:06", "end": "01:23:10", "text": "silent disco today. We love you all."}, {"start": "01:23:08", "end": "01:23:12", "text": "spread love and joy out there in the"}, {"start": "01:23:10", "end": "01:23:15", "text": "world. The world needs a lot more light."}, {"start": "01:23:12", "end": "01:23:16", "text": "Um, we'll see you tomorrow."}, {"start": "01:23:15", "end": "01:23:18", "text": ">> We just wanted to take a quick second to"}, {"start": "01:23:16", "end": "01:23:20", "text": "shout out our sponsor, Arculus. They are"}, {"start": "01:23:18", "end": "01:23:22", "text": "a cold storage hardware wallet. Helps"}, {"start": "01:23:20", "end": "01:23:23", "text": "you secure all of your digital assets"}, {"start": "01:23:22", "end": "01:23:25", "text": "for the future. Just tap this thing to"}, {"start": "01:23:23", "end": "01:23:26", "text": "the back of your phone and boom, you're"}, {"start": "01:23:25", "end": "01:23:28", "text": "in. We wouldn't be able to do this"}, {"start": "01:23:26", "end": "01:23:30", "text": "without them, but also wouldn't be able"}, {"start": "01:23:28", "end": "01:23:31", "text": "to do this without you guys, the Disco"}, {"start": "01:23:30", "end": "01:23:33", "text": "Fam. You've supported us a lot over the"}, {"start": "01:23:31", "end": "01:23:36", "text": "years. If you want to support the"}, {"start": "01:23:33", "end": "01:23:38", "text": "channel now, just use the code DC20. It"}, {"start": "01:23:36", "end": "01:23:39", "text": "gets you 20% off this card. It's the"}, {"start": "01:23:38", "end": "01:23:41", "text": "number one way you can support this"}, {"start": "01:23:39", "end": "01:23:45", "text": "channel going forward. Thank you for"}, {"start": "01:23:41", "end": "01:23:45", "text": "your support. We'll see you at the top."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Sure. Which one's the best crypto asset?"}, {"start": "00:00:03", "end": "00:00:08", "text": "The best crypto asset. Which one's the"}, {"start": "00:00:05", "end": "00:00:10", "text": "best crypto asset? Best crypto asset."}, {"start": "00:00:08", "end": "00:00:12", "text": "Which one's the best? Which one's the"}, {"start": "00:00:10", "end": "00:00:14", "text": "best? Which one's the best? Which one's"}, {"start": "00:00:12", "end": "00:00:16", "text": "the one? Which one's the best? Which"}, {"start": "00:00:14", "end": "00:00:18", "text": "one's the best? Which one? Which one's"}, {"start": "00:00:16", "end": "00:00:21", "text": "the best? Which one's the best? Which"}, {"start": "00:00:18", "end": "00:00:23", "text": "one's the best? Which one's the best?"}, {"start": "00:00:21", "end": "00:00:26", "text": "Which one?"}, {"start": "00:00:23", "end": "00:00:26", "text": "What's the second best?"}, {"start": "00:00:33", "end": "00:00:37", "text": "This is Discover Crypto. Thank you for"}, {"start": "00:00:35", "end": "00:00:39", "text": "joining everybody. Today we got to talk"}, {"start": "00:00:37", "end": "00:00:41", "text": "about Ethereum. We have some of the most"}, {"start": "00:00:39", "end": "00:00:43", "text": "major ETH bulls dumping their bags"}, {"start": "00:00:41", "end": "00:00:44", "text": "entirely. We're going to go into the ETH"}, {"start": "00:00:43", "end": "00:00:46", "text": "charts. We're going to look at the rest"}, {"start": "00:00:44", "end": "00:00:48", "text": "of the altcoin sector and then talk"}, {"start": "00:00:46", "end": "00:00:51", "text": "about is DeFi dead? We had one of the"}, {"start": "00:00:48", "end": "00:00:53", "text": "top researchers out there say sell all"}, {"start": "00:00:51", "end": "00:00:55", "text": "your DeFi holdings. He's talking about"}, {"start": "00:00:53", "end": "00:00:57", "text": "Maker Dow Drew. He's talking about a"}, {"start": "00:00:55", "end": "00:01:00", "text": "He's especially talking about those base"}, {"start": "00:00:57", "end": "00:01:01", "text": "DeFi apps. I'm just kidding. Not really."}, {"start": "00:01:00", "end": "00:01:03", "text": "He didn't name those specifically. But"}, {"start": "00:01:01", "end": "00:01:03", "text": "Drew, how are you doing today? You're"}, {"start": "00:01:03", "end": "00:01:06", "text": "head on."}, {"start": "00:01:03", "end": "00:01:08", "text": ">> Good. Good. Uh, you know, ETHless is"}, {"start": "00:01:06", "end": "00:01:12", "text": "crashing out and, uh, you know, this is"}, {"start": "00:01:08", "end": "00:01:16", "text": "a changing of the guard. So, um, I am"}, {"start": "00:01:12", "end": "00:01:18", "text": "not too worried about DeFi in general."}, {"start": "00:01:16", "end": "00:01:20", "text": "It's been a longstanding theory that"}, {"start": "00:01:18", "end": "00:01:22", "text": "Coinbase or someone's going to capture"}, {"start": "00:01:20", "end": "00:01:24", "text": "Ethereum, though. And it does leave some"}, {"start": "00:01:22", "end": "00:01:26", "text": "room for growth for other projects."}, {"start": "00:01:24", "end": "00:01:29", "text": "That's what I think. You know, I I think"}, {"start": "00:01:26", "end": "00:01:31", "text": "we're just in this.com explosion. Maybe"}, {"start": "00:01:29", "end": "00:01:33", "text": "Ethereum is the Netscape of the"}, {"start": "00:01:31", "end": "00:01:36", "text": "internet, right? Maybe. So, we'll see"}, {"start": "00:01:33", "end": "00:01:37", "text": "how it plays out, but not looking good."}, {"start": "00:01:36", "end": "00:01:39", "text": ">> It's the AOL discs."}, {"start": "00:01:37", "end": "00:01:40", "text": ">> Yeah, exactly, man."}, {"start": "00:01:39", "end": "00:01:40", "text": ">> AOL discs of crypto."}, {"start": "00:01:40", "end": "00:01:42", "text": ">> Exactly."}, {"start": "00:01:40", "end": "00:01:43", "text": ">> You see it everywhere, but does anyone"}, {"start": "00:01:42", "end": "00:01:45", "text": "actually use it?"}, {"start": "00:01:43", "end": "00:01:48", "text": ">> Right. Right. Things change. We used to"}, {"start": "00:01:45", "end": "00:01:50", "text": "heat our homes with whale oil. Okay. Now"}, {"start": "00:01:48", "end": "00:01:53", "text": "things have changed. We use other items."}, {"start": "00:01:50", "end": "00:01:54", "text": "other items come up, technology changes."}, {"start": "00:01:53", "end": "00:01:56", "text": ">> Don't even get me started on the Soviet"}, {"start": "00:01:54", "end": "00:01:58", "text": "whale harvesting scheme. But let's get"}, {"start": "00:01:56", "end": "00:02:01", "text": "into the crypto news, everybody. Now,"}, {"start": "00:01:58", "end": "00:02:03", "text": "Bitcoin is down considerably. Almost had"}, {"start": "00:02:01", "end": "00:02:06", "text": "to hit refresh here. Let me hit. Yeah,"}, {"start": "00:02:03", "end": "00:02:10", "text": "Bitcoin down 3.5%. ETH down 3.5%. We"}, {"start": "00:02:06", "end": "00:02:11", "text": "have B&B also down, Salana down 3%. We"}, {"start": "00:02:10", "end": "00:02:14", "text": "have a little bit of a pump here for"}, {"start": "00:02:11", "end": "00:02:16", "text": "Figure Helock. Hyperlid, woo, major"}, {"start": "00:02:14", "end": "00:02:19", "text": "correction down 7%. We're going to look"}, {"start": "00:02:16", "end": "00:02:22", "text": "at the charts. We have ADA down 3.4%."}, {"start": "00:02:19", "end": "00:02:25", "text": "Rain up 21%. Monero is up as well. And"}, {"start": "00:02:22", "end": "00:02:29", "text": "it looks like we have ICP. Drew, we have"}, {"start": "00:02:25", "end": "00:02:31", "text": "an ICP pump. Is that mean it's over?"}, {"start": "00:02:29", "end": "00:02:33", "text": ">> No. Crime season begins. When you see"}, {"start": "00:02:31", "end": "00:02:35", "text": "ICP pumping, I mean, that's crime"}, {"start": "00:02:33", "end": "00:02:37", "text": "season. I think uh you know, we're"}, {"start": "00:02:35", "end": "00:02:39", "text": "probably in for some pain seeing Teral"}, {"start": "00:02:37", "end": "00:02:41", "text": "Luna and ICP putting up some good"}, {"start": "00:02:39", "end": "00:02:42", "text": "numbers. I I saw Teral Luna was trying"}, {"start": "00:02:41", "end": "00:02:43", "text": "to wake up earlier this morning, too."}, {"start": "00:02:42", "end": "00:02:45", "text": "So,"}, {"start": "00:02:43", "end": "00:02:49", "text": ">> look at that. Near dump. Near now down"}, {"start": "00:02:45", "end": "00:02:51", "text": "12%. Jupiter's down 8.7%. Zcash down,"}, {"start": "00:02:49", "end": "00:02:54", "text": "objective, Athena down, and Render down"}, {"start": "00:02:51", "end": "00:02:57", "text": "as well, and SUI down like people not"}, {"start": "00:02:54", "end": "00:02:59", "text": "using, and the SU price is down 5.4% for"}, {"start": "00:02:57", "end": "00:03:00", "text": "the week, even though we're seeing a lot"}, {"start": "00:02:59", "end": "00:03:01", "text": "of green on the 7-day here. Let's cut"}, {"start": "00:03:00", "end": "00:03:03", "text": "over to Bitcoin. Looking at the"}, {"start": "00:03:01", "end": "00:03:06", "text": "five-minute chart, you can see starting"}, {"start": "00:03:03", "end": "00:03:08", "text": "to put in a little bit of a bull div."}, {"start": "00:03:06", "end": "00:03:10", "text": "So, we might see a short-term bounce,"}, {"start": "00:03:08", "end": "00:03:12", "text": "you know, maybe just duration of half"}, {"start": "00:03:10", "end": "00:03:14", "text": "the stream. Nothing super long because"}, {"start": "00:03:12", "end": "00:03:15", "text": "when you look at the 1 hour, it does"}, {"start": "00:03:14", "end": "00:03:17", "text": "look like there might be more pain. Now,"}, {"start": "00:03:15", "end": "00:03:20", "text": "let's zoom out here. Let's look at the"}, {"start": "00:03:17", "end": "00:03:22", "text": "parallel range through. Looks like we"}, {"start": "00:03:20", "end": "00:03:25", "text": "just rejected off the blue line. This is"}, {"start": "00:03:22", "end": "00:03:26", "text": "yesterday's daily candle. It would open"}, {"start": "00:03:25", "end": "00:03:28", "text": "here. It would wick a little bit higher,"}, {"start": "00:03:26", "end": "00:03:30", "text": "but then the bears were in control,"}, {"start": "00:03:28", "end": "00:03:32", "text": "pushed it down, and then the candle"}, {"start": "00:03:30", "end": "00:03:34", "text": "closed down here. So, you can see just a"}, {"start": "00:03:32", "end": "00:03:35", "text": "clean rejection off the halfway point."}, {"start": "00:03:34", "end": "00:03:37", "text": "So, if we were to hit, say, the bottom"}, {"start": "00:03:35", "end": "00:03:39", "text": "of this parallel range, let's just say"}, {"start": "00:03:37", "end": "00:03:43", "text": "we hit it maybe not the next day, but"}, {"start": "00:03:39", "end": "00:03:45", "text": "maybe the day after that, $71,000"}, {"start": "00:03:43", "end": "00:03:47", "text": "Bitcoin, which is a far cry from the"}, {"start": "00:03:45", "end": "00:03:50", "text": "$82,000. So, we might see Bitcoin down"}, {"start": "00:03:47", "end": "00:03:52", "text": "about 10K over about two weeks."}, {"start": "00:03:50", "end": "00:03:55", "text": ">> Yeah. And I think if we do go to the"}, {"start": "00:03:52", "end": "00:03:59", "text": "bottom of that channel on Bitcoin, we're"}, {"start": "00:03:55", "end": "00:04:02", "text": "going to see ETH lose $2,000, right? I I"}, {"start": "00:03:59", "end": "00:04:04", "text": "do feel that ETH is going to lose $2,000"}, {"start": "00:04:02", "end": "00:04:06", "text": "mark that it's been fighting for as"}, {"start": "00:04:04", "end": "00:04:08", "text": "support for some time if Bitcoin shows"}, {"start": "00:04:06", "end": "00:04:11", "text": "that uh kind of, you know, it's not"}, {"start": "00:04:08", "end": "00:04:14", "text": "really a death wobble on Bitcoin, but I"}, {"start": "00:04:11", "end": "00:04:16", "text": "think that there's uh more of a volume"}, {"start": "00:04:14", "end": "00:04:17", "text": "gap on Ethereum if it loses those"}, {"start": "00:04:16", "end": "00:04:19", "text": "levels, right?"}, {"start": "00:04:17", "end": "00:04:22", "text": ">> Yeah. Maybe come back down. Yeah, maybe"}, {"start": "00:04:19", "end": "00:04:25", "text": "below two. This is at $2,26."}, {"start": "00:04:22", "end": "00:04:26", "text": "So, the wick down here $210. So, we're"}, {"start": "00:04:25", "end": "00:04:28", "text": "talking about going even lower than"}, {"start": "00:04:26", "end": "00:04:30", "text": "that. Now, I did point out the 2062 on"}, {"start": "00:04:28", "end": "00:04:32", "text": "ETH. Let's switch to the one minute. You"}, {"start": "00:04:30", "end": "00:04:34", "text": "can see on the way down today, this is"}, {"start": "00:04:32", "end": "00:04:37", "text": "this morning. This is just hours ago. We"}, {"start": "00:04:34", "end": "00:04:38", "text": "gave you this number last week. 2062."}, {"start": "00:04:37", "end": "00:04:40", "text": "Keep an eye out on that range, Drew."}, {"start": "00:04:38", "end": "00:04:41", "text": "Look at today. Look at this morning's"}, {"start": "00:04:40", "end": "00:04:42", "text": "price action."}, {"start": "00:04:41", "end": "00:04:44", "text": ">> Gee,"}, {"start": "00:04:42", "end": "00:04:45", "text": ">> respecting the DZ horizontal."}, {"start": "00:04:44", "end": "00:04:48", "text": ">> Yeah, it's beat down."}, {"start": "00:04:45", "end": "00:04:51", "text": ">> That's my pickup line, by the way."}, {"start": "00:04:48", "end": "00:04:53", "text": ">> Did it work?"}, {"start": "00:04:51", "end": "00:04:56", "text": ">> Yeah, there you go. See, if it if it"}, {"start": "00:04:53", "end": "00:04:59", "text": "works, it ain't stupid. Um, I think it's"}, {"start": "00:04:56", "end": "00:05:03", "text": "like ETH. I I really am excited to cover"}, {"start": "00:04:59", "end": "00:05:06", "text": "the bankless uh story, but it's been one"}, {"start": "00:05:03", "end": "00:05:10", "text": "of the less exciting altcoins for me for"}, {"start": "00:05:06", "end": "00:05:12", "text": "years. And that's annoying for me to say"}, {"start": "00:05:10", "end": "00:05:14", "text": "because I had so much fun with Ethereum"}, {"start": "00:05:12", "end": "00:05:16", "text": "in 2020 and 2021."}, {"start": "00:05:14", "end": "00:05:18", "text": ">> Yeah, I had a lot of fun with it except"}, {"start": "00:05:16", "end": "00:05:19", "text": "for the $100 gas fees swapping on"}, {"start": "00:05:18", "end": "00:05:21", "text": "Uniswap."}, {"start": "00:05:19", "end": "00:05:22", "text": ">> Yeah, true. But I mean, it didn't"}, {"start": "00:05:21", "end": "00:05:25", "text": "matter. like we I was able to pick it up"}, {"start": "00:05:22", "end": "00:05:28", "text": "for 180 bucks and sling it for400. So, I"}, {"start": "00:05:25", "end": "00:05:31", "text": "didn't really care about the $500 Gatsby"}, {"start": "00:05:28", "end": "00:05:34", "text": "back then. There's just been so much"}, {"start": "00:05:31", "end": "00:05:35", "text": "competition come up against ETH. Now,"}, {"start": "00:05:34", "end": "00:05:38", "text": "I'm having to take a lot of the"}, {"start": "00:05:35", "end": "00:05:41", "text": "competing layer ones a lot more"}, {"start": "00:05:38", "end": "00:05:42", "text": "seriously seeing this kind of"}, {"start": "00:05:41", "end": "00:05:44", "text": "stagnation."}, {"start": "00:05:42", "end": "00:05:46", "text": ">> Oh, I I have major news. Speaking of"}, {"start": "00:05:44", "end": "00:05:48", "text": "competing layer ones, Celestia, I'm"}, {"start": "00:05:46", "end": "00:05:51", "text": "going to show some just the revenue"}, {"start": "00:05:48", "end": "00:05:52", "text": "numbers for TIA in I I'll just stop"}, {"start": "00:05:51", "end": "00:05:53", "text": "right there, but let's look at the"}, {"start": "00:05:52", "end": "00:05:54", "text": "liquidation heat map. Let's look at"}, {"start": "00:05:53", "end": "00:05:56", "text": "Bitcoin. Let's look at Ethereum. You"}, {"start": "00:05:54", "end": "00:05:57", "text": "know, talking about some certain levels"}, {"start": "00:05:56", "end": "00:05:59", "text": "that we might go to. I looked at this"}, {"start": "00:05:57", "end": "00:06:02", "text": "probably about an hour ago. Let's hit"}, {"start": "00:05:59", "end": "00:06:04", "text": "refresh when we slice through more of"}, {"start": "00:06:02", "end": "00:06:06", "text": "this. Oh, it's actually bouncing. It is"}, {"start": "00:06:04", "end": "00:06:08", "text": "actually bouncing. Does look like the"}, {"start": "00:06:06", "end": "00:06:09", "text": "magnets might try to pull Bitcoin down"}, {"start": "00:06:08", "end": "00:06:12", "text": "towards maybe the bottom part of"}, {"start": "00:06:09", "end": "00:06:15", "text": "$74,000. And we also have a little"}, {"start": "00:06:12", "end": "00:06:17", "text": "liquidity pocket right there. 74 678."}, {"start": "00:06:15", "end": "00:06:19", "text": "But also the shorts are getting a little"}, {"start": "00:06:17", "end": "00:06:21", "text": "bit of greed and you can see more and"}, {"start": "00:06:19", "end": "00:06:22", "text": "more shorts starting to pile up. As more"}, {"start": "00:06:21", "end": "00:06:24", "text": "shorts pile up, the brighter these"}, {"start": "00:06:22", "end": "00:06:26", "text": "yellow lines, the brighter the yellow"}, {"start": "00:06:24", "end": "00:06:28", "text": "lines, the stronger it will act as a"}, {"start": "00:06:26", "end": "00:06:30", "text": "magnetic effect for Bitcoin's price."}, {"start": "00:06:28", "end": "00:06:33", "text": "Now, let's go to ETH here. This was"}, {"start": "00:06:30", "end": "00:06:35", "text": "Bitcoin. Looking at ETH."}, {"start": "00:06:33", "end": "00:06:38", "text": "ETH also has a nice little target to the"}, {"start": "00:06:35", "end": "00:06:42", "text": "downside here. 2035 through 2035. It's"}, {"start": "00:06:38", "end": "00:06:45", "text": "going to be a very good year. 2035"}, {"start": "00:06:42", "end": "00:06:47", "text": "going to be right here. So, right in"}, {"start": "00:06:45", "end": "00:06:48", "text": "this pocket right here. So, maybe trying"}, {"start": "00:06:47", "end": "00:06:50", "text": "to use this little area as support. This"}, {"start": "00:06:48", "end": "00:06:52", "text": "is the 1 hour candles we're looking at."}, {"start": "00:06:50", "end": "00:06:55", "text": ">> And when the market opened this morning,"}, {"start": "00:06:52", "end": "00:06:57", "text": "like kind of pre-market, there was some"}, {"start": "00:06:55", "end": "00:06:59", "text": "memorandum or some things that were"}, {"start": "00:06:57", "end": "00:07:01", "text": ">> Oh, you talk about the Iranianou."}, {"start": "00:06:59", "end": "00:07:04", "text": ">> Yeah. And it like it caused like a wick,"}, {"start": "00:07:01", "end": "00:07:06", "text": "but the wick was just beat down"}, {"start": "00:07:04", "end": "00:07:09", "text": "instantaneously, right? like the market"}, {"start": "00:07:06", "end": "00:07:10", "text": "was like seeming like it wanted momentum"}, {"start": "00:07:09", "end": "00:07:11", "text": "back up and then just instantly wiped"}, {"start": "00:07:10", "end": "00:07:12", "text": "away."}, {"start": "00:07:11", "end": "00:07:15", "text": ">> Yeah. Just for a quick clarification, I"}, {"start": "00:07:12", "end": "00:07:17", "text": "think it came from the Oval Office that"}, {"start": "00:07:15", "end": "00:07:19", "text": "there was aou and this is what we're"}, {"start": "00:07:17", "end": "00:07:20", "text": "discussing. This is what's on the table"}, {"start": "00:07:19", "end": "00:07:22", "text": "and part of that is going to be Iran"}, {"start": "00:07:20", "end": "00:07:26", "text": "give up control of the straight to her"}, {"start": "00:07:22", "end": "00:07:29", "text": "Hermuz also have someone mediators a"}, {"start": "00:07:26", "end": "00:07:31", "text": "neutral third party look at them as they"}, {"start": "00:07:29", "end": "00:07:32", "text": "uh what was it destroy their nuclear"}, {"start": "00:07:31", "end": "00:07:35", "text": "stockpile it's you know it's buried"}, {"start": "00:07:32", "end": "00:07:36", "text": "under rubble Iranian response was we"}, {"start": "00:07:35", "end": "00:07:38", "text": "have no idea what they're talking about"}, {"start": "00:07:36", "end": "00:07:40", "text": "that's literally not on the table"}, {"start": "00:07:38", "end": "00:07:42", "text": ">> and that was the the response that we"}, {"start": "00:07:40", "end": "00:07:45", "text": "just got from Tyrron not too long ago"}, {"start": "00:07:42", "end": "00:07:48", "text": ">> you think this is gonna go on into next"}, {"start": "00:07:45", "end": "00:07:49", "text": "year Dy like this back."}, {"start": "00:07:48", "end": "00:07:50", "text": ">> I don't I don't think anyone predicted"}, {"start": "00:07:49", "end": "00:07:51", "text": "Ukraine, Russia would go this long."}, {"start": "00:07:50", "end": "00:07:54", "text": ">> No."}, {"start": "00:07:51", "end": "00:07:55", "text": ">> And so I'm I'm leaning towards a"}, {"start": "00:07:54", "end": "00:07:56", "text": "stalemate that's going to go for a"}, {"start": "00:07:55", "end": "00:07:58", "text": "while. There's two intractable"}, {"start": "00:07:56", "end": "00:08:00", "text": "differences here. There's intractable"}, {"start": "00:07:58", "end": "00:08:01", "text": "difference on the money whether you're"}, {"start": "00:08:00", "end": "00:08:03", "text": "talking about Straight or Hermuz, you"}, {"start": "00:08:01", "end": "00:08:05", "text": "know, can they monetize that as well as"}, {"start": "00:08:03", "end": "00:08:07", "text": "freeing up the $25 billion and of course"}, {"start": "00:08:05", "end": "00:08:09", "text": "the nuclear enrichment. They they have"}, {"start": "00:08:07", "end": "00:08:10", "text": "no indications of stopping that. But"}, {"start": "00:08:09", "end": "00:08:12", "text": "your point"}, {"start": "00:08:10", "end": "00:08:13", "text": ">> getting a little off the off the matter"}, {"start": "00:08:12", "end": "00:08:15", "text": "for markets. Well, at least for crypto."}, {"start": "00:08:13", "end": "00:08:18", "text": "I mean, Bitcoin doesn't seem to like the"}, {"start": "00:08:15", "end": "00:08:19", "text": "conflict going on, you know. So, uh,"}, {"start": "00:08:18", "end": "00:08:22", "text": "stock market hit new all-time highs and"}, {"start": "00:08:19", "end": "00:08:23", "text": "Bitcoin loses 3%. You got to take a"}, {"start": "00:08:22", "end": "00:08:24", "text": "look."}, {"start": "00:08:23", "end": "00:08:27", "text": ">> Well, let's actually speaking of"}, {"start": "00:08:24", "end": "00:08:29", "text": "politics, Trump posted about crypto just"}, {"start": "00:08:27", "end": "00:08:30", "text": "recently. Have you seen this? The true"}, {"start": "00:08:29", "end": "00:08:32", "text": "social post. All right. This is"}, {"start": "00:08:30", "end": "00:08:34", "text": "breaking. So, this uh came out last"}, {"start": "00:08:32", "end": "00:08:36", "text": "night. It's critically important that"}, {"start": "00:08:34", "end": "00:08:38", "text": "the CFTC's exclusive authority over"}, {"start": "00:08:36", "end": "00:08:40", "text": "prediction markets is maintained and"}, {"start": "00:08:38", "end": "00:08:41", "text": "that they will thrive under my"}, {"start": "00:08:40", "end": "00:08:44", "text": "leadership. We're setting rules of the"}, {"start": "00:08:41", "end": "00:08:47", "text": "road that are the gold standard for the"}, {"start": "00:08:44", "end": "00:08:49", "text": "states. We can't have scum and he name"}, {"start": "00:08:47", "end": "00:08:51", "text": "some people uh setting the rules. Other"}, {"start": "00:08:49", "end": "00:08:52", "text": "countries are after this new form of"}, {"start": "00:08:51", "end": "00:08:55", "text": "financial market and we want to remain"}, {"start": "00:08:52", "end": "00:08:56", "text": "at the type at the top. Likewise and"}, {"start": "00:08:55", "end": "00:08:59", "text": "even more importantly where we are"}, {"start": "00:08:56", "end": "00:09:00", "text": "currently the crypto capital of the"}, {"start": "00:08:59", "end": "00:09:02", "text": "world. Other countries are trying"}, {"start": "00:09:00", "end": "00:09:04", "text": "diligently to replace us in that"}, {"start": "00:09:02", "end": "00:09:06", "text": "capacity but we won't let that happen."}, {"start": "00:09:04", "end": "00:09:09", "text": "It's a major industry and we must"}, {"start": "00:09:06", "end": "00:09:11", "text": "protect it. Mike Celig, CFTC chairman"}, {"start": "00:09:09", "end": "00:09:13", "text": "and respected by all, is doing a great"}, {"start": "00:09:11", "end": "00:09:14", "text": "job. Thank you, Mike. President Donald"}, {"start": "00:09:13", "end": "00:09:18", "text": "J. Trump."}, {"start": "00:09:14", "end": "00:09:20", "text": ">> This is huge. No, I think um Trump's"}, {"start": "00:09:18", "end": "00:09:22", "text": "kind of lost the plot being like the uh"}, {"start": "00:09:20", "end": "00:09:25", "text": "crypto savior. I mean, I I can see in"}, {"start": "00:09:22", "end": "00:09:28", "text": "the chat people are pretty disenamored"}, {"start": "00:09:25", "end": "00:09:31", "text": "with how Trump has provided, you know,"}, {"start": "00:09:28", "end": "00:09:33", "text": "protections for crypto. But we have I do"}, {"start": "00:09:31", "end": "00:09:35", "text": "try to keep in mind that Trump is the"}, {"start": "00:09:33", "end": "00:09:37", "text": "president of the US, but the real"}, {"start": "00:09:35", "end": "00:09:40", "text": "control mechanisms behind the US are the"}, {"start": "00:09:37", "end": "00:09:41", "text": "banks, right? So there's what the banks"}, {"start": "00:09:40", "end": "00:09:43", "text": "can do. And"}, {"start": "00:09:41", "end": "00:09:44", "text": ">> why is he following 69 people, Drew?"}, {"start": "00:09:43", "end": "00:09:44", "text": ">> Is he really?"}, {"start": "00:09:44", "end": "00:09:46", "text": ">> Yeah."}, {"start": "00:09:44", "end": "00:09:47", "text": ">> Well, he should have he got to unfollow"}, {"start": "00:09:46", "end": "00:09:49", "text": "two people so that"}, {"start": "00:09:47", "end": "00:09:51", "text": ">> I think he gave his phone to his son."}, {"start": "00:09:49", "end": "00:09:53", "text": ">> Yeah. No, if he was a son, he would go"}, {"start": "00:09:51", "end": "00:09:54", "text": "be following 67 people."}, {"start": "00:09:53", "end": "00:09:55", "text": ">> No, it was Don Jr."}, {"start": "00:09:54", "end": "00:09:57", "text": ">> All right. Don Junior. Yeah. More of a"}, {"start": "00:09:55", "end": "00:09:58", "text": "millennial. That's That's a millennial"}, {"start": "00:09:57", "end": "00:10:00", "text": "move. The 69 is"}, {"start": "00:09:58", "end": "00:10:01", "text": ">> Don't look into Don Junior's new wife,"}, {"start": "00:10:00", "end": "00:10:02", "text": "by the way."}, {"start": "00:10:01", "end": "00:10:03", "text": ">> I'm going to do it while you're talking"}, {"start": "00:10:02", "end": "00:10:05", "text": "then. I have to"}, {"start": "00:10:03", "end": "00:10:07", "text": ">> uh Epstein's banker's daughter."}, {"start": "00:10:05", "end": "00:10:08", "text": "Seriously. Promise you."}, {"start": "00:10:07", "end": "00:10:09", "text": ">> Promise you."}, {"start": "00:10:08", "end": "00:10:09", "text": ">> I I'm"}, {"start": "00:10:09", "end": "00:10:10", "text": ">> Yeah,"}, {"start": "00:10:09", "end": "00:10:12", "text": ">> I quit."}, {"start": "00:10:10", "end": "00:10:14", "text": ">> Golden age. Anyway, let's get to the ETH"}, {"start": "00:10:12", "end": "00:10:15", "text": "charts, everybody. Now, looking at ETH,"}, {"start": "00:10:14", "end": "00:10:16", "text": "looking at the daily,"}, {"start": "00:10:15", "end": "00:10:18", "text": ">> we did drop below. You know, I did want"}, {"start": "00:10:16", "end": "00:10:21", "text": "to look at this 262 level, but looking"}, {"start": "00:10:18", "end": "00:10:23", "text": "at the parallel range, now we have the"}, {"start": "00:10:21", "end": "00:10:25", "text": "parallel range acting as resistance."}, {"start": "00:10:23", "end": "00:10:27", "text": "Now, in last night's video, I updated"}, {"start": "00:10:25", "end": "00:10:29", "text": "it, put in the bare flag. So, if you"}, {"start": "00:10:27", "end": "00:10:31", "text": "want to see some extensive ETH TA, watch"}, {"start": "00:10:29", "end": "00:10:33", "text": "last night's video. I I spent a few"}, {"start": "00:10:31", "end": "00:10:36", "text": "minutes covering ETH here. Let's get"}, {"start": "00:10:33", "end": "00:10:39", "text": "into Drew's favorite story here. David"}, {"start": "00:10:36", "end": "00:10:42", "text": "Hoffman, not Hasselhoff. This is Hoffman"}, {"start": "00:10:39", "end": "00:10:44", "text": "from Bankless, half of Bankless here. He"}, {"start": "00:10:42", "end": "00:10:45", "text": "calls himself the chaotic side of"}, {"start": "00:10:44", "end": "00:10:48", "text": "Bankless. So, Bankless, if you didn't"}, {"start": "00:10:45", "end": "00:10:50", "text": "know, probably the biggest ETH bulls,"}, {"start": "00:10:48", "end": "00:10:53", "text": "period. And they've been ETH bulls for"}, {"start": "00:10:50", "end": "00:10:55", "text": "years and years. They have a podcast"}, {"start": "00:10:53", "end": "00:10:56", "text": "almost dedicated solely to Ethereum"}, {"start": "00:10:55", "end": "00:10:59", "text": "with, you know, a little crypto"}, {"start": "00:10:56", "end": "00:11:01", "text": "sprinkled in as well and just have been"}, {"start": "00:10:59", "end": "00:11:04", "text": "touting ETH. If you ever heard the meme"}, {"start": "00:11:01", "end": "00:11:06", "text": "ETH is sound money, they are the main"}, {"start": "00:11:04", "end": "00:11:08", "text": "perpetuator of that of that uh let's"}, {"start": "00:11:06", "end": "00:11:10", "text": "just say cliche. So, if you missed the"}, {"start": "00:11:08", "end": "00:11:12", "text": "news, I sold my ETH. As someone who"}, {"start": "00:11:10", "end": "00:11:14", "text": "built a career, community, identity, and"}, {"start": "00:11:12", "end": "00:11:16", "text": "business around Ethereum, this choice"}, {"start": "00:11:14", "end": "00:11:17", "text": "does not come lightly. The decision to"}, {"start": "00:11:16", "end": "00:11:19", "text": "sell deserves a more thorough"}, {"start": "00:11:17", "end": "00:11:21", "text": "explanation than the scattered tweets on"}, {"start": "00:11:19", "end": "00:11:24", "text": "Twitter. you know, he says, \"Go read his"}, {"start": "00:11:21", "end": "00:11:26", "text": "article, but the TLDDR, the ETH is money"}, {"start": "00:11:24", "end": "00:11:28", "text": "thesis didn't fail. It has already"}, {"start": "00:11:26", "end": "00:11:32", "text": "played out. Ethereum got the ETH price"}, {"start": "00:11:28", "end": "00:11:34", "text": "it deserves, you know, that 4,800, and I"}, {"start": "00:11:32", "end": "00:11:37", "text": "don't see ETH being rerated as an asset,"}, {"start": "00:11:34", "end": "00:11:39", "text": "higher or lower. PS, I'm massively"}, {"start": "00:11:37", "end": "00:11:41", "text": "bullish on Ethereum. I expect it as a"}, {"start": "00:11:39", "end": "00:11:42", "text": "network to do exceptionally well from"}, {"start": "00:11:41", "end": "00:11:44", "text": "here on out. I think only a marginal"}, {"start": "00:11:42", "end": "00:11:47", "text": "amount that will success will be"}, {"start": "00:11:44", "end": "00:11:50", "text": "reflected in ETH and the TLDDR to the"}, {"start": "00:11:47", "end": "00:11:52", "text": "TLDDR.\" He sold his entire position"}, {"start": "00:11:50", "end": "00:11:55", "text": "through. He goes more into that. He says"}, {"start": "00:11:52", "end": "00:11:57", "text": "the ETH's money was always a long shot."}, {"start": "00:11:55", "end": "00:11:59", "text": "It's a coordination game. Kind of talks"}, {"start": "00:11:57", "end": "00:12:01", "text": "about how stable coins were parasitic to"}, {"start": "00:11:59", "end": "00:12:03", "text": "the ETH narrative. It's possible the"}, {"start": "00:12:01", "end": "00:12:05", "text": "environment would never allow it. Uh"}, {"start": "00:12:03", "end": "00:12:08", "text": "assets L1 assets revenue are"}, {"start": "00:12:05", "end": "00:12:10", "text": "inextricably tied to Ethereum. ETH"}, {"start": "00:12:08", "end": "00:12:13", "text": "dominance talked about when it occurred"}, {"start": "00:12:10", "end": "00:12:15", "text": "in 2021. That's when its revenue market"}, {"start": "00:12:13", "end": "00:12:16", "text": "share was the highest. when Salana"}, {"start": "00:12:15", "end": "00:12:18", "text": "dominance started to do well, that's"}, {"start": "00:12:16", "end": "00:12:20", "text": "when its revenue market share was"}, {"start": "00:12:18", "end": "00:12:22", "text": "growing idiosyncratally against the rest"}, {"start": "00:12:20", "end": "00:12:25", "text": "of the industry, meaning kind of out of"}, {"start": "00:12:22", "end": "00:12:28", "text": "step, an outlier, if you will. And then"}, {"start": "00:12:25", "end": "00:12:29", "text": "in 2026, also looking at a price rating,"}, {"start": "00:12:28", "end": "00:12:32", "text": "but this one feels a little bit more"}, {"start": "00:12:29", "end": "00:12:34", "text": "fugazi to me. The strong version of"}, {"start": "00:12:32", "end": "00:12:36", "text": "crypto hasn't worked. And then he kind"}, {"start": "00:12:34", "end": "00:12:39", "text": "of shares this here. And he I'll just"}, {"start": "00:12:36", "end": "00:12:41", "text": "kind of summarize the inability of some"}, {"start": "00:12:39", "end": "00:12:43", "text": "of these top DAPs, Fantasy Top, Fentech,"}, {"start": "00:12:41", "end": "00:12:45", "text": "and Consumer Crypto apps to cross the"}, {"start": "00:12:43", "end": "00:12:48", "text": "chasm, meaning it couldn't hit"}, {"start": "00:12:45", "end": "00:12:50", "text": "mainstream. This is maybe, you know,"}, {"start": "00:12:48", "end": "00:12:52", "text": "what we should be looking at. Maybe"}, {"start": "00:12:50", "end": "00:12:55", "text": "mainstream doesn't want to do all these"}, {"start": "00:12:52", "end": "00:12:58", "text": "things on chain. Just a a fairsis. And"}, {"start": "00:12:55", "end": "00:13:00", "text": "ETH is money dependent on strong crypto."}, {"start": "00:12:58", "end": "00:13:02", "text": "Uh the a utility helped other monies."}, {"start": "00:13:00", "end": "00:13:06", "text": "This is where he talks about, you know,"}, {"start": "00:13:02", "end": "00:13:08", "text": "maybe ETH as the native money unit could"}, {"start": "00:13:06", "end": "00:13:11", "text": "have had ETH in the stratosphere, but"}, {"start": "00:13:08", "end": "00:13:12", "text": "because of stable coins, that just won't"}, {"start": "00:13:11", "end": "00:13:14", "text": "play out. And the ETH is money"}, {"start": "00:13:12", "end": "00:13:15", "text": "narrative, it's it's hit its zenith."}, {"start": "00:13:14", "end": "00:13:18", "text": "It's hit its peak."}, {"start": "00:13:15", "end": "00:13:20", "text": ">> Yeah. Well, may maybe and also like the"}, {"start": "00:13:18", "end": "00:13:24", "text": "all-time high was pretty lackluster. It"}, {"start": "00:13:20", "end": "00:13:24", "text": "ETH went like a $100 over its previous"}, {"start": "00:13:24", "end": "00:13:26", "text": "all-time high last year"}, {"start": "00:13:24", "end": "00:13:27", "text": ">> and it topped with apathy similar to"}, {"start": "00:13:26", "end": "00:13:29", "text": "Bitcoin,"}, {"start": "00:13:27", "end": "00:13:31", "text": ">> right? So there was no like awesome"}, {"start": "00:13:29", "end": "00:13:33", "text": "blowoff top for ETH. Maybe he's stacked"}, {"start": "00:13:31", "end": "00:13:35", "text": "up bills. I mean because I think bank"}, {"start": "00:13:33", "end": "00:13:39", "text": "list they run kind of like a podcast"}, {"start": "00:13:35", "end": "00:13:41", "text": "type business and also like a Dow. So"}, {"start": "00:13:39", "end": "00:13:44", "text": "maybe there was pressures that were on"}, {"start": "00:13:41", "end": "00:13:46", "text": "the outside that caused him to have to"}, {"start": "00:13:44", "end": "00:13:48", "text": ">> It sounds a little bit like copier. You"}, {"start": "00:13:46", "end": "00:13:50", "text": "know, ETH it didn't pump because it did"}, {"start": "00:13:48", "end": "00:13:53", "text": "the noble thing."}, {"start": "00:13:50", "end": "00:13:55", "text": ">> You know, it chose to allow stable coins"}, {"start": "00:13:53", "end": "00:13:57", "text": "to operate fairly freely."}, {"start": "00:13:55", "end": "00:13:59", "text": ">> Oh, please. And they could have tried to"}, {"start": "00:13:57", "end": "00:14:01", "text": "extract more, you know, that would then"}, {"start": "00:13:59", "end": "00:14:03", "text": "turn into revenue, but you know, this is"}, {"start": "00:14:01", "end": "00:14:06", "text": "not how it all played out."}, {"start": "00:14:03", "end": "00:14:09", "text": ">> H I mean, like look at like ETH solved"}, {"start": "00:14:06", "end": "00:14:11", "text": "its gas fee problem and it finalizes"}, {"start": "00:14:09", "end": "00:14:14", "text": "transactions in like, you know, I think"}, {"start": "00:14:11", "end": "00:14:16", "text": "I've seen it take maybe 30 seconds to"}, {"start": "00:14:14", "end": "00:14:20", "text": "finalize ETH transactions lately. So, it"}, {"start": "00:14:16", "end": "00:14:22", "text": "doesn't take much time for ETH to uh to"}, {"start": "00:14:20", "end": "00:14:25", "text": "get money moved. I don't know, man. It's"}, {"start": "00:14:22", "end": "00:14:27", "text": "just there is something to be said with"}, {"start": "00:14:25", "end": "00:14:29", "text": "the aggravation, long-term aggravation"}, {"start": "00:14:27", "end": "00:14:31", "text": "of the ETH price chart. And I guess I"}, {"start": "00:14:29", "end": "00:14:35", "text": "avoided the ETH price chart because I'm"}, {"start": "00:14:31", "end": "00:14:36", "text": "more degenerate and the market cap was"}, {"start": "00:14:35", "end": "00:14:38", "text": "already too high for me to like feel"}, {"start": "00:14:36", "end": "00:14:40", "text": "like ah I'm going to make, you know, a"}, {"start": "00:14:38", "end": "00:14:41", "text": "big bag off of this. It was perfect when"}, {"start": "00:14:40", "end": "00:14:44", "text": "it was 180 bucks. And then"}, {"start": "00:14:41", "end": "00:14:46", "text": ">> the ETH Bitcoin chart there,"}, {"start": "00:14:44", "end": "00:14:48", "text": ">> this is a perfect example like I got to"}, {"start": "00:14:46", "end": "00:14:51", "text": "be winning against Bitcoin or at least"}, {"start": "00:14:48", "end": "00:14:54", "text": "fighting the flatline against Bitcoin."}, {"start": "00:14:51", "end": "00:14:57", "text": "Um, you know, so because I use altcoins"}, {"start": "00:14:54", "end": "00:14:58", "text": "and ETH in my mind is still, it's a"}, {"start": "00:14:57", "end": "00:15:02", "text": "large altcoin, but it's still an"}, {"start": "00:14:58", "end": "00:15:03", "text": "altcoin. I want to be gaining Satoshi's"}, {"start": "00:15:02", "end": "00:15:06", "text": "by holding those altcoins."}, {"start": "00:15:03", "end": "00:15:07", "text": ">> Yeah. You don't want to be down six7%."}, {"start": "00:15:06", "end": "00:15:09", "text": ">> 67. There it is again."}, {"start": "00:15:07", "end": "00:15:10", "text": ">> We were saying it before the stream, so"}, {"start": "00:15:09", "end": "00:15:11", "text": "I had to do I had to do it."}, {"start": "00:15:10", "end": "00:15:13", "text": ">> Everywhere. It's everywhere now."}, {"start": "00:15:11", "end": "00:15:15", "text": ">> I can't get away."}, {"start": "00:15:13", "end": "00:15:18", "text": ">> Oh no. Trump unfollowed two people. Now"}, {"start": "00:15:15", "end": "00:15:20", "text": "it's 67. Oh jeez. I just can't get away"}, {"start": "00:15:18", "end": "00:15:22", "text": "from this. All right. Now, that's not"}, {"start": "00:15:20", "end": "00:15:24", "text": "the only ETH bearish news. And then I'll"}, {"start": "00:15:22", "end": "00:15:27", "text": "have some bullishness, Tom Lee. Big"}, {"start": "00:15:24", "end": "00:15:29", "text": "surprise. He's he's bullish on ETH here."}, {"start": "00:15:27", "end": "00:15:32", "text": "But we also have a top DeFi expert"}, {"start": "00:15:29", "end": "00:15:35", "text": "saying, \"Sell all your DeFi holdings,"}, {"start": "00:15:32", "end": "00:15:38", "text": "everything.\" Now, this is Manuel"}, {"start": "00:15:35", "end": "00:15:41", "text": "Rose in Search of Truth, Good Stories"}, {"start": "00:15:38", "end": "00:15:44", "text": "Tell, founder of Open Zeppelin, uh, also"}, {"start": "00:15:41", "end": "00:15:46", "text": "Decentraland. Now, Open Zeppelin powers,"}, {"start": "00:15:44", "end": "00:15:48", "text": "you're going to see this, powers 90% of"}, {"start": "00:15:46", "end": "00:15:51", "text": "DeFi. I looked into the numbers. is"}, {"start": "00:15:48", "end": "00:15:54", "text": "technically 88%. What does it mean that"}, {"start": "00:15:51", "end": "00:15:56", "text": "this guy's company powers 88% of DeFi?"}, {"start": "00:15:54", "end": "00:15:59", "text": "This company right here, Open Zeppelin,"}, {"start": "00:15:56", "end": "00:16:01", "text": "solely exists to create essentially"}, {"start": "00:15:59", "end": "00:16:02", "text": "smart contracts or Ethereum."}, {"start": "00:16:01", "end": "00:16:05", "text": ">> Okay?"}, {"start": "00:16:02", "end": "00:16:07", "text": ">> 88% of DeFi uses this man's smart"}, {"start": "00:16:05", "end": "00:16:10", "text": "contracts. We're talking about the major"}, {"start": "00:16:07", "end": "00:16:11", "text": "major players. 80. You can't hit 88%"}, {"start": "00:16:10", "end": "00:16:14", "text": "without hitting all the major players"}, {"start": "00:16:11", "end": "00:16:17", "text": "here. Now, coding now PSA, I consider"}, {"start": "00:16:14", "end": "00:16:19", "text": "all of DeFi unsafe. Coding agents are"}, {"start": "00:16:17", "end": "00:16:21", "text": "superhuman at finding vulnerabilities as"}, {"start": "00:16:19", "end": "00:16:24", "text": "smart contract security is too"}, {"start": "00:16:21", "end": "00:16:26", "text": "asymmetric. Defenders need to fix every"}, {"start": "00:16:24", "end": "00:16:28", "text": "bug while attackers just need one"}, {"start": "00:16:26", "end": "00:16:30", "text": "exploit to steal funds. I've been"}, {"start": "00:16:28", "end": "00:16:33", "text": "privately advising friends and family to"}, {"start": "00:16:30", "end": "00:16:36", "text": "exit all DeFi positions including the"}, {"start": "00:16:33", "end": "00:16:38", "text": "lowrisk blue chips a maker dowo and"}, {"start": "00:16:36", "end": "00:16:39", "text": "compound."}, {"start": "00:16:38", "end": "00:16:42", "text": "What do you think about that Drew? I"}, {"start": "00:16:39", "end": "00:16:44", "text": "actually finished selling my a position."}, {"start": "00:16:42", "end": "00:16:46", "text": "I bought hype. Yeah."}, {"start": "00:16:44", "end": "00:16:47", "text": ">> Yeah. Yeah, I mean I don't have any a"}, {"start": "00:16:46", "end": "00:16:49", "text": "anyways and I still I'm not letting"}, {"start": "00:16:47", "end": "00:16:51", "text": ">> You're deep in base DeFi, right?"}, {"start": "00:16:49", "end": "00:16:52", "text": ">> Yeah, I'm not letting go of Morphos."}, {"start": "00:16:51", "end": "00:16:52", "text": ">> You're holding on. You're holding on,"}, {"start": "00:16:52", "end": "00:16:54", "text": "huh?"}, {"start": "00:16:52", "end": "00:16:56", "text": ">> That sounds like Chicken Little. Like it"}, {"start": "00:16:54", "end": "00:16:58", "text": "it sounds a little hyperbolic to me. And"}, {"start": "00:16:56", "end": "00:17:01", "text": "listen, I like a good scare headline"}, {"start": "00:16:58", "end": "00:17:03", "text": "more than anybody, you know? So, I love"}, {"start": "00:17:01", "end": "00:17:06", "text": "um you know, I love clickbait headlines."}, {"start": "00:17:03", "end": "00:17:09", "text": "I love all that stuff. But, you know,"}, {"start": "00:17:06", "end": "00:17:11", "text": "where I position has gone really well so"}, {"start": "00:17:09", "end": "00:17:13", "text": "far, and all I see is constant growth."}, {"start": "00:17:11", "end": "00:17:16", "text": "it's absorbing all this fear that a has"}, {"start": "00:17:13", "end": "00:17:18", "text": "had over the last few months. So, you"}, {"start": "00:17:16", "end": "00:17:19", "text": "know, I still feel good about, you know,"}, {"start": "00:17:18", "end": "00:17:23", "text": "going after Morpho and I don't think"}, {"start": "00:17:19", "end": "00:17:25", "text": "lending is going away in crypto. I don't"}, {"start": "00:17:23", "end": "00:17:28", "text": "think DeFi is going away, but I do feel"}, {"start": "00:17:25", "end": "00:17:31", "text": "like this is maybe Ethereum is Netscape."}, {"start": "00:17:28", "end": "00:17:32", "text": "Maybe. Maybe. And maybe everything"}, {"start": "00:17:31", "end": "00:17:34", "text": "because people act like just because"}, {"start": "00:17:32", "end": "00:17:36", "text": "Ethereum has a first mover or advantage"}, {"start": "00:17:34", "end": "00:17:39", "text": "in being like the biggest altcoin, the"}, {"start": "00:17:36", "end": "00:17:42", "text": "biggest DeFi landing pad that it has"}, {"start": "00:17:39", "end": "00:17:43", "text": "locked up that money. It has not. Like"}, {"start": "00:17:42", "end": "00:17:46", "text": "crypto as we've seen,"}, {"start": "00:17:43", "end": "00:17:47", "text": ">> hey, MySpace was the top social media"}, {"start": "00:17:46", "end": "00:17:49", "text": "site at one point,"}, {"start": "00:17:47", "end": "00:17:51", "text": ">> right? And so like even remember that"}, {"start": "00:17:49", "end": "00:17:53", "text": "moment that uh Cardono had like a"}, {"start": "00:17:51", "end": "00:17:53", "text": "memecoin craze going on?"}, {"start": "00:17:53", "end": "00:17:55", "text": ">> Yeah."}, {"start": "00:17:53", "end": "00:17:58", "text": ">> Saw a massive amount of people come over"}, {"start": "00:17:55", "end": "00:17:59", "text": "from Salana to Cardano really quickly."}, {"start": "00:17:58", "end": "00:18:00", "text": "It"}, {"start": "00:17:59", "end": "00:18:02", "text": ">> almost like clogged up the system to a"}, {"start": "00:18:00", "end": "00:18:05", "text": "point for just like a half hour."}, {"start": "00:18:02", "end": "00:18:07", "text": ">> People are migratory and especially"}, {"start": "00:18:05", "end": "00:18:10", "text": "crypto people. So, you know, just"}, {"start": "00:18:07", "end": "00:18:12", "text": "because Ethereum has had the ground, you"}, {"start": "00:18:10", "end": "00:18:14", "text": "know, kind of controlled in this realm"}, {"start": "00:18:12", "end": "00:18:17", "text": "doesn't mean that someone can't come"}, {"start": "00:18:14", "end": "00:18:19", "text": "like Salana, you know, that leaves room"}, {"start": "00:18:17", "end": "00:18:21", "text": "for a competitor to come up. You know,"}, {"start": "00:18:19", "end": "00:18:21", "text": "seeing one giant fall, you might see"}, {"start": "00:18:21", "end": "00:18:23", "text": "another one."}, {"start": "00:18:21", "end": "00:18:25", "text": ">> Well, let's share two takes here. Two"}, {"start": "00:18:23", "end": "00:18:28", "text": "takes. If the literal founder of open"}, {"start": "00:18:25", "end": "00:18:30", "text": "zeppelin is that literally powers 90% of"}, {"start": "00:18:28", "end": "00:18:31", "text": "DeFi and is considered as solid and safe"}, {"start": "00:18:30", "end": "00:18:34", "text": "as a smart contract can be is saying"}, {"start": "00:18:31", "end": "00:18:36", "text": "this you listen. Then we have the other"}, {"start": "00:18:34", "end": "00:18:38", "text": "take here. I take the complete opposite"}, {"start": "00:18:36", "end": "00:18:41", "text": "side of this take. Coding agents will be"}, {"start": "00:18:38", "end": "00:18:42", "text": "superhuman at finding and fixing"}, {"start": "00:18:41", "end": "00:18:44", "text": "vulnerabilities before mainet"}, {"start": "00:18:42", "end": "00:18:45", "text": "deployment. Devs are actively thinking"}, {"start": "00:18:44", "end": "00:18:48", "text": "about this. Solutions are already being"}, {"start": "00:18:45", "end": "00:18:50", "text": "built to address this. So let's just say"}, {"start": "00:18:48", "end": "00:18:52", "text": "chat and Drew I I kind of think I know"}, {"start": "00:18:50", "end": "00:18:56", "text": "where where you land here. Do you agree"}, {"start": "00:18:52", "end": "00:18:57", "text": "with Manuel or do you disagree? Agree or"}, {"start": "00:18:56", "end": "00:18:58", "text": "disagree?"}, {"start": "00:18:57", "end": "00:19:00", "text": ">> I mean there is"}, {"start": "00:18:58", "end": "00:19:03", "text": ">> Should you sell all your DeFi basically?"}, {"start": "00:19:00", "end": "00:19:05", "text": "I I wouldn't I'm not gonna sell all my"}, {"start": "00:19:03", "end": "00:19:07", "text": "de and honestly like I'm not even"}, {"start": "00:19:05", "end": "00:19:09", "text": "exposed to the ones that he said to"}, {"start": "00:19:07", "end": "00:19:11", "text": "leave anyways"}, {"start": "00:19:09", "end": "00:19:14", "text": ">> because"}, {"start": "00:19:11", "end": "00:19:15", "text": "um you know I have a different approach"}, {"start": "00:19:14", "end": "00:19:17", "text": "when it comes to alts like I"}, {"start": "00:19:15", "end": "00:19:20", "text": ">> a maker down compound"}, {"start": "00:19:17", "end": "00:19:23", "text": ">> right like they were systemic important"}, {"start": "00:19:20", "end": "00:19:24", "text": "parts of DeFi but I don't even hold any"}, {"start": "00:19:23", "end": "00:19:27", "text": "of those so I don't have to leave"}, {"start": "00:19:24", "end": "00:19:30", "text": "anything I do agree with the secondary"}, {"start": "00:19:27", "end": "00:19:32", "text": "take that the good guys are going to be"}, {"start": "00:19:30", "end": "00:19:33", "text": "using this new technology to build"}, {"start": "00:19:32", "end": "00:19:34", "text": "safeguards."}, {"start": "00:19:33", "end": "00:19:37", "text": ">> Mhm."}, {"start": "00:19:34", "end": "00:19:38", "text": ">> But at the same time, man, like there's"}, {"start": "00:19:37", "end": "00:19:43", "text": "been a lot of problems with the Dow vote"}, {"start": "00:19:38", "end": "00:19:45", "text": "in a you know, and I I don't know like"}, {"start": "00:19:43", "end": "00:19:48", "text": "make or da is the one like the sky"}, {"start": "00:19:45", "end": "00:19:49", "text": "token. It's kind of a mixed bag because"}, {"start": "00:19:48", "end": "00:19:51", "text": "they did a rebrand and I hate rebrands."}, {"start": "00:19:49", "end": "00:19:53", "text": ">> You ever see show me the in or here show"}, {"start": "00:19:51", "end": "00:19:54", "text": "me the incentives, I'll show you the"}, {"start": "00:19:53", "end": "00:19:56", "text": "outcome."}, {"start": "00:19:54", "end": "00:19:56", "text": ">> Uh never heard that. Never heard that"}, {"start": "00:19:56", "end": "00:19:57", "text": "before. No."}, {"start": "00:19:56", "end": "00:20:00", "text": ">> Show me the incentives, I'll show you"}, {"start": "00:19:57", "end": "00:20:02", "text": "the outcome. If you're a white hat"}, {"start": "00:20:00", "end": "00:20:04", "text": "hacker, meaning you're the good guy,"}, {"start": "00:20:02", "end": "00:20:06", "text": "sometimes, you know, you find an exploit"}, {"start": "00:20:04", "end": "00:20:08", "text": "for like a hundred million, they'll give"}, {"start": "00:20:06", "end": "00:20:08", "text": "you a fraction of a fraction of that"}, {"start": "00:20:08", "end": "00:20:10", "text": "value."}, {"start": "00:20:08", "end": "00:20:12", "text": ">> But if you're a black hat hacker,"}, {"start": "00:20:10", "end": "00:20:14", "text": "meaning you're the bad guy, if you find"}, {"start": "00:20:12", "end": "00:20:17", "text": "that $100 million exploit, you get to"}, {"start": "00:20:14", "end": "00:20:20", "text": "keep the $100 million. And so there's an"}, {"start": "00:20:17", "end": "00:20:22", "text": "asymmetric motivation for hackers. And"}, {"start": "00:20:20", "end": "00:20:24", "text": "that is why there are more evil hackers"}, {"start": "00:20:22", "end": "00:20:25", "text": "than there are good hackers in the"}, {"start": "00:20:24", "end": "00:20:27", "text": "world. And so let's just say, you know,"}, {"start": "00:20:25", "end": "00:20:30", "text": "there's a new exploit. is going to be"}, {"start": "00:20:27", "end": "00:20:33", "text": "found by a dev and it's going to happen"}, {"start": "00:20:30", "end": "00:20:34", "text": "in six months. The odds favor it's going"}, {"start": "00:20:33", "end": "00:20:35", "text": "to be a black hat hacker."}, {"start": "00:20:34", "end": "00:20:37", "text": ">> Think so."}, {"start": "00:20:35", "end": "00:20:38", "text": ">> I mean just show me the incentives. I'll"}, {"start": "00:20:37", "end": "00:20:40", "text": "show you the outcome."}, {"start": "00:20:38", "end": "00:20:42", "text": ">> Yeah. White hat hackers in, you know,"}, {"start": "00:20:40", "end": "00:20:46", "text": "just to counter that, white hat hackers"}, {"start": "00:20:42", "end": "00:20:48", "text": "have no worry of three-letter agencies"}, {"start": "00:20:46", "end": "00:20:50", "text": "looking for them for how much time."}, {"start": "00:20:48", "end": "00:20:52", "text": ">> But there's also state protected hackers"}, {"start": "00:20:50", "end": "00:20:53", "text": "such as North Korea"}, {"start": "00:20:52", "end": "00:20:56", "text": ">> Lazarus. And so they don't have to worry"}, {"start": "00:20:53", "end": "00:20:57", "text": "about the CIA because their version of"}, {"start": "00:20:56", "end": "00:20:58", "text": "the CIA is actually telling them to do"}, {"start": "00:20:57", "end": "00:21:02", "text": "it."}, {"start": "00:20:58", "end": "00:21:03", "text": ">> True. That is true. Um, also, white hat"}, {"start": "00:21:02", "end": "00:21:06", "text": "hackers, you know, if they're going"}, {"start": "00:21:03", "end": "00:21:10", "text": "after it, they have a lot of really good"}, {"start": "00:21:06", "end": "00:21:12", "text": "tools to utilize. So, you know, Lazarus"}, {"start": "00:21:10", "end": "00:21:15", "text": "probably has some pretty good tools, but"}, {"start": "00:21:12", "end": "00:21:17", "text": "probably so does the uh American side"}, {"start": "00:21:15", "end": "00:21:19", "text": "and, you know, the other kind of first"}, {"start": "00:21:17", "end": "00:21:20", "text": "world nation side."}, {"start": "00:21:19", "end": "00:21:23", "text": ">> I don't know, man. I it's kind of"}, {"start": "00:21:20", "end": "00:21:27", "text": "balanced where it's like"}, {"start": "00:21:23", "end": "00:21:31", "text": "I think out of those three a compound"}, {"start": "00:21:27", "end": "00:21:34", "text": "and maker if I were to buy any of them"}, {"start": "00:21:31", "end": "00:21:35", "text": "I'm most interested in Sky. I'm most"}, {"start": "00:21:34", "end": "00:21:36", "text": "interested I think Sky has a better"}, {"start": "00:21:35", "end": "00:21:37", "text": "chance than the other"}, {"start": "00:21:36", "end": "00:21:39", "text": ">> Maker Dow."}, {"start": "00:21:37", "end": "00:21:42", "text": ">> Yeah. But the the thing is that Maker"}, {"start": "00:21:39", "end": "00:21:46", "text": "Dow did the the rebrand and now instead"}, {"start": "00:21:42", "end": "00:21:48", "text": "of uh Maker it's Sky token which can be"}, {"start": "00:21:46", "end": "00:21:50", "text": "kind of difficult for people to wrap"}, {"start": "00:21:48", "end": "00:21:51", "text": "their head around. Multiverse X Eagle"}, {"start": "00:21:50", "end": "00:21:53", "text": "comes to mind."}, {"start": "00:21:51", "end": "00:21:54", "text": ">> Yeah, Polygon, right? Polygon was"}, {"start": "00:21:53", "end": "00:21:56", "text": "terrible."}, {"start": "00:21:54", "end": "00:21:57", "text": ">> Madic. No, it's Paul. Just give me a"}, {"start": "00:21:56", "end": "00:22:00", "text": "name and stick with it."}, {"start": "00:21:57", "end": "00:22:02", "text": ">> All the old price history, right? So,"}, {"start": "00:22:00", "end": "00:22:04", "text": "like that was kind of what um makes me"}, {"start": "00:22:02", "end": "00:22:06", "text": "nuts. But out of those three, I like"}, {"start": "00:22:04", "end": "00:22:07", "text": "Maker Dow. And I think there's a the"}, {"start": "00:22:06", "end": "00:22:09", "text": "truth is probably somewhere in the"}, {"start": "00:22:07", "end": "00:22:11", "text": "middle here with with each one of those"}, {"start": "00:22:09", "end": "00:22:13", "text": "takes. That's my kind of take. I'm sorry"}, {"start": "00:22:11", "end": "00:22:16", "text": "I can't be hyperbolic about it. I just"}, {"start": "00:22:13", "end": "00:22:19", "text": "don't think that DeFi is going to die in"}, {"start": "00:22:16", "end": "00:22:21", "text": "general. I guess the the point would for"}, {"start": "00:22:19", "end": "00:22:23", "text": "him would just be there's a small chance"}, {"start": "00:22:21", "end": "00:22:25", "text": "that it might blow up and so you"}, {"start": "00:22:23", "end": "00:22:28", "text": "shouldn't have funds invested in it. If"}, {"start": "00:22:25", "end": "00:22:30", "text": "there's a 10% chance maker Dow goes down"}, {"start": "00:22:28", "end": "00:22:32", "text": "or even a you know a base EOS, you know,"}, {"start": "00:22:30", "end": "00:22:34", "text": "if there's a 10% chance it's going to be"}, {"start": "00:22:32", "end": "00:22:36", "text": "exploited, you shouldn't have it in your"}, {"start": "00:22:34", "end": "00:22:37", "text": "portfolio period."}, {"start": "00:22:36", "end": "00:22:40", "text": ">> Yeah. I mean, I just don't feel any"}, {"start": "00:22:37", "end": "00:22:41", "text": "upside without risk, you know? Like I"}, {"start": "00:22:40", "end": "00:22:44", "text": "feel like that's where the upside is is"}, {"start": "00:22:41", "end": "00:22:45", "text": "taking risks in life, you know, and kind"}, {"start": "00:22:44", "end": "00:22:47", "text": "of just doing"}, {"start": "00:22:45", "end": "00:22:49", "text": ">> like deer hunter when they had the"}, {"start": "00:22:47", "end": "00:22:51", "text": "little game that they played where they"}, {"start": "00:22:49", "end": "00:22:54", "text": "spun the thing, you know, deer hunter"}, {"start": "00:22:51", "end": "00:22:56", "text": ">> storming Normandy or you know the the"}, {"start": "00:22:54", "end": "00:22:59", "text": "hills of Vietnam, right? There's always"}, {"start": "00:22:56", "end": "00:23:00", "text": "a risk involved and uh you know, you got"}, {"start": "00:22:59", "end": "00:23:01", "text": "to go after it, man. You got to go after"}, {"start": "00:23:00", "end": "00:23:03", "text": "and take the risk."}, {"start": "00:23:01", "end": "00:23:04", "text": ">> All right. Well, uh yeah, we rehash"}, {"start": "00:23:03", "end": "00:23:07", "text": "that. I I just want to share this stat."}, {"start": "00:23:04", "end": "00:23:08", "text": "Defi Llama data shows that $1.1 billion"}, {"start": "00:23:07", "end": "00:23:12", "text": "has been lost to DeFi hacks over the"}, {"start": "00:23:08", "end": "00:23:15", "text": "past 365 days, including the almost $300"}, {"start": "00:23:12", "end": "00:23:17", "text": "million Kelp Dow exploit. Also, Salana"}, {"start": "00:23:15", "end": "00:23:19", "text": "based Step Finance. They had a shutdown"}, {"start": "00:23:17", "end": "00:23:21", "text": "after a $27 million exploit left the"}, {"start": "00:23:19", "end": "00:23:22", "text": "project unable to recover. So, just you"}, {"start": "00:23:21", "end": "00:23:25", "text": "know, kind of pointing out some of the"}, {"start": "00:23:22", "end": "00:23:26", "text": "downside risk here. Uh, this comes as"}, {"start": "00:23:25", "end": "00:23:29", "text": "Anthropic has warned that it's"}, {"start": "00:23:26", "end": "00:23:30", "text": "restricted Claude Mythos AI model can"}, {"start": "00:23:29", "end": "00:23:32", "text": "autonomously discover software"}, {"start": "00:23:30", "end": "00:23:34", "text": "vulnerabilities, yada yada yada. So,"}, {"start": "00:23:32", "end": "00:23:36", "text": "let's move on here everybody. Let's get"}, {"start": "00:23:34", "end": "00:23:37", "text": "into the bullish news about Ethereum"}, {"start": "00:23:36", "end": "00:23:39", "text": "because a lot of people are saying, \"All"}, {"start": "00:23:37", "end": "00:23:42", "text": "right, max fear, max FUD, now is the"}, {"start": "00:23:39", "end": "00:23:45", "text": "time to buy.\" Tom Lee agrees with that."}, {"start": "00:23:42", "end": "00:23:48", "text": "They purchased 111,000 Ether last week."}, {"start": "00:23:45", "end": "00:23:50", "text": "The biggest buy so far of the year after"}, {"start": "00:23:48", "end": "00:23:52", "text": "the token dropped below $2,200. We do"}, {"start": "00:23:50", "end": "00:23:54", "text": "have a maniac out there just buying a"}, {"start": "00:23:52", "end": "00:23:56", "text": "lot of ETH. Bit Bitmine has though"}, {"start": "00:23:54", "end": "00:23:58", "text": "slowed it pace of Ether buys earlier"}, {"start": "00:23:56", "end": "00:24:01", "text": "this month after having scooped up over"}, {"start": "00:23:58", "end": "00:24:03", "text": "100k ETH a week for three straight"}, {"start": "00:24:01", "end": "00:24:05", "text": "weeks. It is the largest ETH treasury"}, {"start": "00:24:03", "end": "00:24:07", "text": "company and has consistently bought"}, {"start": "00:24:05", "end": "00:24:09", "text": "crypto even during the downturns"}, {"start": "00:24:07", "end": "00:24:11", "text": "following a business model similar not"}, {"start": "00:24:09", "end": "00:24:13", "text": "the same as Michael Sailor's Bitcoin"}, {"start": "00:24:11", "end": "00:24:16", "text": "treasury strategy or firm strategy"}, {"start": "00:24:13", "end": "00:24:19", "text": "there. Bit mine's goal is to hold 5% of"}, {"start": "00:24:16", "end": "00:24:22", "text": "ecirculating supply to reach its target"}, {"start": "00:24:19", "end": "00:24:25", "text": "of more than 6 million. They need 600k"}, {"start": "00:24:22", "end": "00:24:26", "text": "more which they say will happen sometime"}, {"start": "00:24:25", "end": "00:24:29", "text": "this year. For reference they just"}, {"start": "00:24:26", "end": "00:24:30", "text": "bought 111,000 so they only need"}, {"start": "00:24:29", "end": "00:24:34", "text": "644,000."}, {"start": "00:24:30", "end": "00:24:35", "text": "Bit mine has now staked 4.7 billion, not"}, {"start": "00:24:34", "end": "00:24:37", "text": "million, of its ETH. According to the"}, {"start": "00:24:35", "end": "00:24:40", "text": "company, expects to generate annualized"}, {"start": "00:24:37", "end": "00:24:42", "text": "staking revenues of 276 million. The"}, {"start": "00:24:40", "end": "00:24:46", "text": "downside I see about this, he's almost"}, {"start": "00:24:42", "end": "00:24:48", "text": "at his target. He gets to his target of"}, {"start": "00:24:46", "end": "00:24:50", "text": "6 million ETH. He's 90% of the way"}, {"start": "00:24:48", "end": "00:24:53", "text": "there. He's trying to get 6 million. He"}, {"start": "00:24:50", "end": "00:24:55", "text": "only needs 600K. He's 90% of the way"}, {"start": "00:24:53", "end": "00:24:57", "text": "there. Once he's done buying, that buy"}, {"start": "00:24:55", "end": "00:25:00", "text": "pressure is removed from Ethereum. And"}, {"start": "00:24:57", "end": "00:25:02", "text": "then it creates sell pressure because"}, {"start": "00:25:00", "end": "00:25:05", "text": "he's saying he's gonna have revenue of"}, {"start": "00:25:02", "end": "00:25:07", "text": "276 million. So he's gonna stop buying"}, {"start": "00:25:05", "end": "00:25:09", "text": "and then just start dumping his staking"}, {"start": "00:25:07", "end": "00:25:10", "text": "rewards."}, {"start": "00:25:09", "end": "00:25:12", "text": ">> So he's actually bearish for ETH once"}, {"start": "00:25:10", "end": "00:25:13", "text": "he's done buying."}, {"start": "00:25:12", "end": "00:25:16", "text": ">> Well, the timing of this is kind of"}, {"start": "00:25:13", "end": "00:25:20", "text": "weird, too, because by the time he gets"}, {"start": "00:25:16", "end": "00:25:21", "text": "that next 600,000 Ethereum to make a a"}, {"start": "00:25:20", "end": "00:25:24", "text": ">> 5% target. Yeah."}, {"start": "00:25:21", "end": "00:25:26", "text": ">> Yeah. Then we're going to be like middle"}, {"start": "00:25:24", "end": "00:25:29", "text": "of next year, maybe beginning of next"}, {"start": "00:25:26", "end": "00:25:31", "text": "year. And that's when the juice is, you"}, {"start": "00:25:29", "end": "00:25:33", "text": "know, historically, you know, if you're"}, {"start": "00:25:31", "end": "00:25:35", "text": "still following the eb and flow of four"}, {"start": "00:25:33", "end": "00:25:37", "text": "year ups and downs in crypto, that"}, {"start": "00:25:35", "end": "00:25:39", "text": "should be when the funds starting to"}, {"start": "00:25:37", "end": "00:25:40", "text": "begin and might run into selling"}, {"start": "00:25:39", "end": "00:25:42", "text": "pressure. Right. As now, if you look at"}, {"start": "00:25:40", "end": "00:25:44", "text": "it, it's only about 20 million a month."}, {"start": "00:25:42", "end": "00:25:44", "text": "At the end of the day, sell pressure is"}, {"start": "00:25:44", "end": "00:25:46", "text": "sell pressure."}, {"start": "00:25:44", "end": "00:25:49", "text": ">> Right. Right. And I wonder also if he's"}, {"start": "00:25:46", "end": "00:25:49", "text": "buying OTC, right? Or if he's just"}, {"start": "00:25:49", "end": "00:25:50", "text": "buying"}, {"start": "00:25:49", "end": "00:25:52", "text": ">> I'm pretty sure he is buying OTC. I do"}, {"start": "00:25:50", "end": "00:25:55", "text": "have a question. Do you think Michael"}, {"start": "00:25:52", "end": "00:25:57", "text": "Sailor, if he had, say he stakes some of"}, {"start": "00:25:55", "end": "00:25:58", "text": "his Bitcoin in some convoluted"}, {"start": "00:25:57", "end": "00:26:01", "text": "mechanism, which would be right up his"}, {"start": "00:25:58", "end": "00:26:05", "text": "alley, if he got Bitcoin rewards, would"}, {"start": "00:26:01", "end": "00:26:07", "text": "he dump the extra Bitcoin or would he"}, {"start": "00:26:05", "end": "00:26:08", "text": "keep adding it to his stash?"}, {"start": "00:26:07", "end": "00:26:09", "text": ">> I think he would keep adding it."}, {"start": "00:26:08", "end": "00:26:10", "text": ">> I feel like he would keep adding."}, {"start": "00:26:09", "end": "00:26:12", "text": ">> Yeah. Yeah."}, {"start": "00:26:10", "end": "00:26:14", "text": ">> I feel like Tom Lee is nowhere near a"}, {"start": "00:26:12", "end": "00:26:14", "text": "big a bull as Michael Sailor is for"}, {"start": "00:26:14", "end": "00:26:17", "text": "Bitcoin."}, {"start": "00:26:14", "end": "00:26:20", "text": ">> Yeah, Michael Sailor like bleeds orange."}, {"start": "00:26:17", "end": "00:26:23", "text": "I think uh you know Tom Lee is just"}, {"start": "00:26:20", "end": "00:26:26", "text": "trying to go for a higher riskto return"}, {"start": "00:26:23", "end": "00:26:27", "text": "on Ethereum uh which you know if he's"}, {"start": "00:26:26", "end": "00:26:29", "text": "adding sell pressure on the regular"}, {"start": "00:26:27", "end": "00:26:31", "text": "market and buying OTC he might find out"}, {"start": "00:26:29", "end": "00:26:33", "text": "that goes the opposite direction. If"}, {"start": "00:26:31", "end": "00:26:36", "text": "you're not helping the price go up by"}, {"start": "00:26:33", "end": "00:26:37", "text": "buying OTC and then helping it go down"}, {"start": "00:26:36", "end": "00:26:39", "text": "by selling it on the open market when"}, {"start": "00:26:37", "end": "00:26:42", "text": "it's time to pay the dividends. You"}, {"start": "00:26:39", "end": "00:26:43", "text": "might find out that that equation is uh"}, {"start": "00:26:42", "end": "00:26:45", "text": "not the good mixture that you're looking"}, {"start": "00:26:43", "end": "00:26:47", "text": "for there. Well, speaking of equation,"}, {"start": "00:26:45", "end": "00:26:48", "text": "are you ready for an equation for a $1"}, {"start": "00:26:47", "end": "00:26:49", "text": "million Bitcoin?"}, {"start": "00:26:48", "end": "00:26:51", "text": ">> Give it to me."}, {"start": "00:26:49", "end": "00:26:52", "text": ">> How about a $1.2 million Bitcoin?"}, {"start": "00:26:51", "end": "00:26:54", "text": ">> More."}, {"start": "00:26:52", "end": "00:26:55", "text": ">> How about a $1.2 million Bitcoin in five"}, {"start": "00:26:54", "end": "00:26:57", "text": "years?"}, {"start": "00:26:55", "end": "00:27:00", "text": ">> I mean, that's a pretty good damn"}, {"start": "00:26:57", "end": "00:27:01", "text": "return. I'm I'm down for that. Let's go."}, {"start": "00:27:00", "end": "00:27:03", "text": ">> All right, let's let's play this quick"}, {"start": "00:27:01", "end": "00:27:06", "text": "clip of Kathy Wood, everybody. This is"}, {"start": "00:27:03", "end": "00:27:07", "text": "her on Fox Business News with Charles"}, {"start": "00:27:06", "end": "00:27:09", "text": "Payne, I believe."}, {"start": "00:27:07", "end": "00:27:11", "text": ">> 1,250,000"}, {"start": "00:27:09", "end": "00:27:13", "text": "over the next five years. I got to be"}, {"start": "00:27:11", "end": "00:27:15", "text": "honest, has even some Bitcoin bulls"}, {"start": "00:27:13", "end": "00:27:16", "text": "thinking might be too aggressive. So,"}, {"start": "00:27:15", "end": "00:27:18", "text": ">> we can hear that, right?"}, {"start": "00:27:16", "end": "00:27:22", "text": ">> Walk us through this."}, {"start": "00:27:18", "end": "00:27:24", "text": ">> Sure. Uh well, the way we get to uh that"}, {"start": "00:27:22", "end": "00:27:28", "text": "number now, that is our bull case. Our"}, {"start": "00:27:24", "end": "00:27:31", "text": "base case is closer to 750,000."}, {"start": "00:27:28", "end": "00:27:33", "text": ">> So, the bare case is 700K. The bull case"}, {"start": "00:27:31", "end": "00:27:37", "text": "is 1.2 mil."}, {"start": "00:27:33", "end": "00:27:40", "text": ">> But the bull case uh involves uh a a"}, {"start": "00:27:37", "end": "00:27:42", "text": "substitution for gold. So as as uh"}, {"start": "00:27:40", "end": "00:27:45", "text": "generational wealth transfer takes"}, {"start": "00:27:42", "end": "00:27:49", "text": "place, we think uh we think that younger"}, {"start": "00:27:45", "end": "00:27:51", "text": "people are more prone to uh adopting a"}, {"start": "00:27:49", "end": "00:27:55", "text": "digital store of value. So that would be"}, {"start": "00:27:51", "end": "00:27:59", "text": "Bitcoin. Uh the second is uh bitcoin is"}, {"start": "00:27:55", "end": "00:28:02", "text": "an insurance policy particularly in"}, {"start": "00:27:59", "end": "00:28:06", "text": "emerging markets against uh you know"}, {"start": "00:28:02", "end": "00:28:10", "text": "fiscal and monetary neglect uh at best"}, {"start": "00:28:06", "end": "00:28:12", "text": "or or corruption at worst. And so uh as"}, {"start": "00:28:10", "end": "00:28:16", "text": "wealth increases around the world, we"}, {"start": "00:28:12", "end": "00:28:18", "text": "think that uh individuals will shift"}, {"start": "00:28:16", "end": "00:28:20", "text": "from stable coins and that's been a very"}, {"start": "00:28:18", "end": "00:28:22", "text": "interesting development uh to Bitcoin"}, {"start": "00:28:20", "end": "00:28:24", "text": "which has much more appreciation"}, {"start": "00:28:22", "end": "00:28:29", "text": "potential. But the biggest the biggest"}, {"start": "00:28:24", "end": "00:28:31", "text": "reason is institutional adoption."}, {"start": "00:28:29", "end": "00:28:34", "text": ">> All right, there we go. What the heck is"}, {"start": "00:28:31", "end": "00:28:35", "text": "that at the end? Is that a golf game? It"}, {"start": "00:28:34", "end": "00:28:37", "text": "was like a weird clip that it was like"}, {"start": "00:28:35", "end": "00:28:39", "text": "trying to Okay. Yeah, it's like a a"}, {"start": "00:28:37", "end": "00:28:40", "text": "phone record because you can see the"}, {"start": "00:28:39", "end": "00:28:42", "text": "iPhone and stuff there. I don't know"}, {"start": "00:28:40", "end": "00:28:45", "text": "what the heck they had on their phone."}, {"start": "00:28:42", "end": "00:28:51", "text": "Well, so"}, {"start": "00:28:45", "end": "00:28:53", "text": "this in five years we're in 2031,"}, {"start": "00:28:51", "end": "00:28:56", "text": ">> the year 2000."}, {"start": "00:28:53", "end": "00:28:59", "text": ">> Like I guess even with as bullish and I"}, {"start": "00:28:56", "end": "00:29:04", "text": "think you know as headstrong as I am"}, {"start": "00:28:59", "end": "00:29:08", "text": "about crypto, my target for like 20 2029"}, {"start": "00:29:04", "end": "00:29:10", "text": "is right around like top end without"}, {"start": "00:29:08", "end": "00:29:13", "text": "anything crazy good going on. top end"}, {"start": "00:29:10", "end": "00:29:17", "text": "getting near 300K, right? Like looking"}, {"start": "00:29:13", "end": "00:29:19", "text": "more like 200 to 260 if just basic"}, {"start": "00:29:17", "end": "00:29:22", "text": "diminished returns and diminished gains"}, {"start": "00:29:19", "end": "00:29:26", "text": "continue, Bitcoin's adoption continues"}, {"start": "00:29:22", "end": "00:29:28", "text": "to grow. Like I guess I'm a little bit"}, {"start": "00:29:26", "end": "00:29:31", "text": "more bearish than that. But there is the"}, {"start": "00:29:28", "end": "00:29:33", "text": "potential that something really great"}, {"start": "00:29:31", "end": "00:29:35", "text": "with widespread adoption can happen from"}, {"start": "00:29:33", "end": "00:29:36", "text": "point A to point B. And that's the great"}, {"start": "00:29:35", "end": "00:29:38", "text": "unknown. That's kind of the spice of"}, {"start": "00:29:36", "end": "00:29:40", "text": "life is having the great unknowns,"}, {"start": "00:29:38", "end": "00:29:41", "text": "right? If we all knew, we would know"}, {"start": "00:29:40", "end": "00:29:43", "text": "exactly what's going to happen next."}, {"start": "00:29:41", "end": "00:29:46", "text": "Like, you know, a lot of crazy things"}, {"start": "00:29:43", "end": "00:29:49", "text": "can happen from point A to point B. Um,"}, {"start": "00:29:46", "end": "00:29:51", "text": "you know, but more so if if if things"}, {"start": "00:29:49", "end": "00:29:53", "text": "just continue, business as usual."}, {"start": "00:29:51", "end": "00:29:57", "text": "Bitcoin should be getting into the mid"}, {"start": "00:29:53", "end": "00:29:59", "text": "250,000 range by 2029. But that makes me"}, {"start": "00:29:57", "end": "00:30:00", "text": "sound like a bear, I guess, compared to"}, {"start": "00:29:59", "end": "00:30:04", "text": ">> So, I mean, she's saying the base case"}, {"start": "00:30:00", "end": "00:30:05", "text": "is 700k Bitcoin. So, we just 10x the"}, {"start": "00:30:04", "end": "00:30:08", "text": "market cap. Mhm."}, {"start": "00:30:05", "end": "00:30:10", "text": ">> It go from 1.5 trillion to 15 trillion."}, {"start": "00:30:08", "end": "00:30:10", "text": "That would put it at half of gold."}, {"start": "00:30:10", "end": "00:30:12", "text": ">> Yeah."}, {"start": "00:30:10", "end": "00:30:13", "text": ">> Three Nvidas."}, {"start": "00:30:12", "end": "00:30:15", "text": ">> I think it's going to take a little bit"}, {"start": "00:30:13", "end": "00:30:17", "text": "more time to capture half of gold's"}, {"start": "00:30:15", "end": "00:30:20", "text": "market cap, man. without something like"}, {"start": "00:30:17", "end": "00:30:24", "text": "incredible happening like Bitcoinbacked"}, {"start": "00:30:20", "end": "00:30:26", "text": "bonds or you know um you know maybe"}, {"start": "00:30:24", "end": "00:30:28", "text": "China or America decides to instead of"}, {"start": "00:30:26", "end": "00:30:30", "text": "just confiscating Bitcoin actually"}, {"start": "00:30:28", "end": "00:30:33", "text": "buying it because that's a framework"}, {"start": "00:30:30", "end": "00:30:35", "text": "that doesn't send us to the moon in the"}, {"start": "00:30:33", "end": "00:30:38", "text": "Bitcoin Strategic Reserve Act is that"}, {"start": "00:30:35", "end": "00:30:40", "text": "there's no language actively purchasing"}, {"start": "00:30:38", "end": "00:30:42", "text": "Bitcoin. It's confiscating Bitcoin."}, {"start": "00:30:40", "end": "00:30:44", "text": ">> Here's an interesting question. Do you"}, {"start": "00:30:42", "end": "00:30:46", "text": "think she believes that"}, {"start": "00:30:44", "end": "00:30:48", "text": ">> she might be trying to sell stuff? She"}, {"start": "00:30:46", "end": "00:30:49", "text": "might be trying to sell stuff and she's"}, {"start": "00:30:48", "end": "00:30:52", "text": "a terrible investor. Like the Arc"}, {"start": "00:30:49", "end": "00:30:54", "text": "Investments has been underperforming."}, {"start": "00:30:52", "end": "00:30:55", "text": ">> Yeah. She sells, you know, before things"}, {"start": "00:30:54", "end": "00:30:57", "text": "pop oftentimes like she'll sell her"}, {"start": "00:30:55", "end": "00:30:58", "text": "Tesla at the bottom or, you know, stuff"}, {"start": "00:30:57", "end": "00:30:59", "text": "like that."}, {"start": "00:30:58", "end": "00:31:01", "text": ">> See it again and again?"}, {"start": "00:30:59", "end": "00:31:02", "text": ">> I I just um you know, I don't think she"}, {"start": "00:31:01", "end": "00:31:04", "text": "has the best track."}, {"start": "00:31:02", "end": "00:31:05", "text": ">> What's your gut say? Does she believe"}, {"start": "00:31:04", "end": "00:31:06", "text": "that? Yes or no?"}, {"start": "00:31:05", "end": "00:31:07", "text": ">> No, I don't think"}, {"start": "00:31:06", "end": "00:31:08", "text": ">> I kind of agree with you. I think"}, {"start": "00:31:07", "end": "00:31:11", "text": ">> you don't think so."}, {"start": "00:31:08", "end": "00:31:14", "text": ">> I don't think she thinks 700K is the low"}, {"start": "00:31:11", "end": "00:31:16", "text": "target for Bitcoin in 5 years. I mean"}, {"start": "00:31:14", "end": "00:31:18", "text": "700k for Bitcoin is like"}, {"start": "00:31:16", "end": "00:31:20", "text": ">> that's the low target again. That's like"}, {"start": "00:31:18", "end": "00:31:22", "text": "your ba that's your bare case is 700k."}, {"start": "00:31:20", "end": "00:31:25", "text": ">> Yeah. No, I mean that's like was that"}, {"start": "00:31:22", "end": "00:31:28", "text": "like 7 trillion dollar market cap?"}, {"start": "00:31:25", "end": "00:31:32", "text": "That's a insanely large market cap by"}, {"start": "00:31:28", "end": "00:31:34", "text": "you know uh 2031. And by the like so if"}, {"start": "00:31:32", "end": "00:31:37", "text": "fouryear cycles keep going we should"}, {"start": "00:31:34", "end": "00:31:40", "text": "have a peak around the uh end or middle"}, {"start": "00:31:37", "end": "00:31:43", "text": "of 2029 right? So, if we're talking"}, {"start": "00:31:40", "end": "00:31:45", "text": "about 2020 or 2031,"}, {"start": "00:31:43", "end": "00:31:47", "text": "that's a year and a half roughly after"}, {"start": "00:31:45", "end": "00:31:49", "text": "the blowoff top. Like, we should be back"}, {"start": "00:31:47", "end": "00:31:51", "text": "in a bare market finding support."}, {"start": "00:31:49", "end": "00:31:52", "text": ">> Well, I guess she says within five"}, {"start": "00:31:51", "end": "00:31:54", "text": "years, so if it hits that target any"}, {"start": "00:31:52", "end": "00:31:55", "text": "time, I think she would count a victory."}, {"start": "00:31:54", "end": "00:31:57", "text": ">> Yeah, I'm trying to give her as much"}, {"start": "00:31:55", "end": "00:31:59", "text": "time as possible within this. Uh, but"}, {"start": "00:31:57", "end": "00:32:02", "text": "yeah, I I think she's I think"}, {"start": "00:31:59", "end": "00:32:03", "text": "something's the one dial or two dials is"}, {"start": "00:32:02", "end": "00:32:04", "text": "a little bit off on that. So,"}, {"start": "00:32:03", "end": "00:32:06", "text": ">> all right, let's talk about the major"}, {"start": "00:32:04", "end": "00:32:08", "text": "Did you see the major Bitcoin sale"}, {"start": "00:32:06", "end": "00:32:10", "text": "yesterday from Black Rockck? I did."}, {"start": "00:32:08", "end": "00:32:12", "text": ">> People are saying Black Rockck is"}, {"start": "00:32:10", "end": "00:32:15", "text": "dumping Bitcoin. What's the facts here?"}, {"start": "00:32:12", "end": "00:32:17", "text": "$1.3 billion IBIT darkpole dump shakes"}, {"start": "00:32:15", "end": "00:32:20", "text": "the Bitcoin market. It was a massive"}, {"start": "00:32:17", "end": "00:32:22", "text": "1.29 billion darkpole block trade. It"}, {"start": "00:32:20", "end": "00:32:23", "text": "hit Black Rockck's Bitcoin ETF this"}, {"start": "00:32:22", "end": "00:32:26", "text": "morning. Market traders are calling with"}, {"start": "00:32:23", "end": "00:32:29", "text": "the largest institutional ETF prints"}, {"start": "00:32:26", "end": "00:32:32", "text": "ever recorded. Happened at 10:30 a.m."}, {"start": "00:32:29", "end": "00:32:35", "text": "$43 a share. The single candle exceeding"}, {"start": "00:32:32", "end": "00:32:37", "text": "the average daily volume just by itself,"}, {"start": "00:32:35", "end": "00:32:38", "text": "just by that one trade. It's coincided"}, {"start": "00:32:37", "end": "00:32:40", "text": "with a sharp downside pressure on"}, {"start": "00:32:38", "end": "00:32:42", "text": "Bitcoin's price action. Now, accounts"}, {"start": "00:32:40", "end": "00:32:44", "text": "noted that the transaction dwarf prior"}, {"start": "00:32:42", "end": "00:32:46", "text": "institutional prints dating from the"}, {"start": "00:32:44", "end": "00:32:48", "text": "genesis from the beginning of the"}, {"start": "00:32:46", "end": "00:32:49", "text": "Bitcoin ETF. And now, rumors are"}, {"start": "00:32:48", "end": "00:32:52", "text": "circulating the move could trigger the"}, {"start": "00:32:49", "end": "00:32:56", "text": "largest single day ETF outflow on record"}, {"start": "00:32:52", "end": "00:32:58", "text": "if confirmed. And let's go uh to this"}, {"start": "00:32:56", "end": "00:33:01", "text": "right here. Eric Bun's confirmed 29"}, {"start": "00:32:58", "end": "00:33:04", "text": "million share trade 1.3 billion executed"}, {"start": "00:33:01", "end": "00:33:06", "text": "at 10:30. This shows all the trades"}, {"start": "00:33:04", "end": "00:33:08", "text": "today by size. You can see one's not"}, {"start": "00:33:06", "end": "00:33:11", "text": "like the other. Price unchanged today."}, {"start": "00:33:08", "end": "00:33:13", "text": "So, the market did absorb it. Well,"}, {"start": "00:33:11", "end": "00:33:15", "text": "yeah, you can see the volume. 48,000"}, {"start": "00:33:13", "end": "00:33:18", "text": "60,000 100,000"}, {"start": "00:33:15", "end": "00:33:19", "text": "29 million."}, {"start": "00:33:18", "end": "00:33:20", "text": ">> That's a big That's a chunk of change"}, {"start": "00:33:19", "end": "00:33:22", "text": "right there."}, {"start": "00:33:20", "end": "00:33:25", "text": ">> Stung the nostrils. But we have someone"}, {"start": "00:33:22", "end": "00:33:27", "text": "else. So, we So, we have Black Rockck,"}, {"start": "00:33:25", "end": "00:33:29", "text": "you know, investors with billions. I"}, {"start": "00:33:27", "end": "00:33:31", "text": "think you can consider that smart money."}, {"start": "00:33:29", "end": "00:33:34", "text": "But we got they're selling Bitcoin, but"}, {"start": "00:33:31", "end": "00:33:36", "text": "we got someone else buying Bitcoin. One"}, {"start": "00:33:34", "end": "00:33:39", "text": "of the top people in FaZe, Drew, the"}, {"start": "00:33:36", "end": "00:33:41", "text": "FaZe Clan. So, the Zoomers are buying."}, {"start": "00:33:39", "end": "00:33:43", "text": "Is this a top signal?"}, {"start": "00:33:41", "end": "00:33:44", "text": ">> Uh, I mean, it makes me feel a little"}, {"start": "00:33:43", "end": "00:33:46", "text": "like I don't even know who this guy is."}, {"start": "00:33:44", "end": "00:33:49", "text": ">> So, Lacy revealed he recently sold all"}, {"start": "00:33:46", "end": "00:33:52", "text": "his personal assets to put every dollar"}, {"start": "00:33:49", "end": "00:33:53", "text": "of his name into Bitcoin, claiming he"}, {"start": "00:33:52", "end": "00:33:55", "text": "knows something people don't. I actually"}, {"start": "00:33:53", "end": "00:33:57", "text": "put every dollar I have I put into"}, {"start": "00:33:55", "end": "00:33:59", "text": "Bitcoin. I'm telling y'all right now. I"}, {"start": "00:33:57", "end": "00:34:01", "text": "know things. So, he's doing the I know"}, {"start": "00:33:59", "end": "00:34:05", "text": "an insider now. FaZe, their videos get"}, {"start": "00:34:01", "end": "00:34:08", "text": "millions of views. 1.8, 8 1.5 1.4 for"}, {"start": "00:34:05", "end": "00:34:09", "text": "probably the top esports org,"}, {"start": "00:34:08", "end": "00:34:10", "text": ">> whatever that means. You know, it"}, {"start": "00:34:09", "end": "00:34:12", "text": "probably is super important to a lot of"}, {"start": "00:34:10", "end": "00:34:13", "text": "people. Probably means nothing to a lot"}, {"start": "00:34:12", "end": "00:34:15", "text": "of people as well."}, {"start": "00:34:13", "end": "00:34:17", "text": ">> But we have one of the most popular"}, {"start": "00:34:15", "end": "00:34:19", "text": "esports gamers saying, \"I'm selling"}, {"start": "00:34:17", "end": "00:34:21", "text": "everything and buying Bitcoin.\" Do we"}, {"start": "00:34:19", "end": "00:34:23", "text": "have a new wave of retail coming? Maybe."}, {"start": "00:34:21", "end": "00:34:25", "text": ">> I mean, the younger generation. Yeah. Do"}, {"start": "00:34:23", "end": "00:34:27", "text": "they have billions? No. And this I mean,"}, {"start": "00:34:25", "end": "00:34:29", "text": "he looks like someone that would be"}, {"start": "00:34:27", "end": "00:34:31", "text": "arrested at a mall for a teen takeover."}, {"start": "00:34:29", "end": "00:34:32", "text": "So, like it's hard to take him"}, {"start": "00:34:31", "end": "00:34:34", "text": "seriously, but"}, {"start": "00:34:32", "end": "00:34:35", "text": ">> really, you think he'd get arrested with"}, {"start": "00:34:34", "end": "00:34:37", "text": "that? You know, he's dressed like"}, {"start": "00:34:35", "end": "00:34:39", "text": "Carlton from Fresh Prince of Bair."}, {"start": "00:34:37", "end": "00:34:41", "text": "Doesn't scream teen takeover."}, {"start": "00:34:39", "end": "00:34:43", "text": ">> That's true. Well, that's true. He does"}, {"start": "00:34:41", "end": "00:34:44", "text": "have the vest on and a tie. He's got a"}, {"start": "00:34:43", "end": "00:34:46", "text": "tie like you."}, {"start": "00:34:44", "end": "00:34:48", "text": ">> Yeah, but he shaves his eyebrow. He"}, {"start": "00:34:46", "end": "00:34:50", "text": "shaves the line in his eyebrow. So, then"}, {"start": "00:34:48", "end": "00:34:50", "text": "that totally walks back the sweater"}, {"start": "00:34:50", "end": "00:34:53", "text": "vest."}, {"start": "00:34:50", "end": "00:34:56", "text": ">> That's true. That's true. Yeah. I mean,"}, {"start": "00:34:53", "end": "00:34:57", "text": "I think younger people are interested in"}, {"start": "00:34:56", "end": "00:34:59", "text": "something more exciting. like they"}, {"start": "00:34:57", "end": "00:35:03", "text": "realize, you know, that they I was"}, {"start": "00:34:59", "end": "00:35:04", "text": "seeing a lot of uh videos on TikTok that"}, {"start": "00:35:03", "end": "00:35:07", "text": "are going viral of people that live in"}, {"start": "00:35:04", "end": "00:35:09", "text": "like sheds and they're like, \"How in the"}, {"start": "00:35:07", "end": "00:35:11", "text": "hell am I going to keep existing like"}, {"start": "00:35:09", "end": "00:35:13", "text": "this?\" Right? They have a job. They live"}, {"start": "00:35:11", "end": "00:35:15", "text": "in a shed, can't afford a pot to piss"}, {"start": "00:35:13", "end": "00:35:16", "text": "in. They're punching up, man. They're"}, {"start": "00:35:15", "end": "00:35:18", "text": "going to take risks. They're going to"}, {"start": "00:35:16", "end": "00:35:22", "text": "punch up. They're going to try to find a"}, {"start": "00:35:18", "end": "00:35:24", "text": "way um out of the kind of the norm. How"}, {"start": "00:35:22", "end": "00:35:26", "text": "about instead of taking risk, they buy a"}, {"start": "00:35:24", "end": "00:35:29", "text": "40 pack of ramen noodles, two loaves of"}, {"start": "00:35:26", "end": "00:35:31", "text": "bread, some peanut butter and jelly, and"}, {"start": "00:35:29", "end": "00:35:33", "text": "lower their expenses, and then climb out"}, {"start": "00:35:31", "end": "00:35:35", "text": "the good oldfashioned way with compound"}, {"start": "00:35:33", "end": "00:35:37", "text": "annual interest like Warren Buffett."}, {"start": "00:35:35", "end": "00:35:39", "text": ">> That's way too unexciting for them to"}, {"start": "00:35:37", "end": "00:35:40", "text": "do, you know, that they're not going to"}, {"start": "00:35:39", "end": "00:35:41", "text": "go that route."}, {"start": "00:35:40", "end": "00:35:43", "text": ">> Or they could just watch our show, look"}, {"start": "00:35:41", "end": "00:35:44", "text": "at our TA, and then make some good"}, {"start": "00:35:43", "end": "00:35:45", "text": "trades."}, {"start": "00:35:44", "end": "00:35:47", "text": ">> Oh, that's an idea. That's an idea."}, {"start": "00:35:45", "end": "00:35:49", "text": ">> All right, speaking of good trades, what"}, {"start": "00:35:47", "end": "00:35:52", "text": "the heck is happening to Cardano? What"}, {"start": "00:35:49", "end": "00:35:54", "text": "is happening here? We are seeing 7-day"}, {"start": "00:35:52", "end": "00:35:56", "text": "pumps for a lot of Cardano altcoins. I"}, {"start": "00:35:54", "end": "00:35:58", "text": "didn't want to look at a few of these."}, {"start": "00:35:56", "end": "00:36:00", "text": "7-day we have s. So we have lin borrow"}, {"start": "00:35:58", "end": "00:36:03", "text": "is up. Tools are up. A memecoin is up."}, {"start": "00:36:00", "end": "00:36:05", "text": "Strike derivatives. This tries to be"}, {"start": "00:36:03", "end": "00:36:08", "text": "perpetual decks like an aster or maybe"}, {"start": "00:36:05", "end": "00:36:10", "text": "even a hyperlquid. It's the the aster of"}, {"start": "00:36:08", "end": "00:36:13", "text": "cardano. It is up 53%."}, {"start": "00:36:10", "end": "00:36:16", "text": "We have a agent that is up 37%. Another"}, {"start": "00:36:13", "end": "00:36:17", "text": "memecoin. Where's snack?"}, {"start": "00:36:16", "end": "00:36:19", "text": ">> Yeah. Where is snack? I want to see"}, {"start": "00:36:17", "end": "00:36:22", "text": "where snack and like milk is. Now"}, {"start": "00:36:19", "end": "00:36:23", "text": "remember folks, I sold all my Cardano"}, {"start": "00:36:22", "end": "00:36:25", "text": "memes. Do you remember what I sold it"}, {"start": "00:36:23", "end": "00:36:27", "text": "for, Drew?"}, {"start": "00:36:25", "end": "00:36:29", "text": ">> Um, God, no. I can't"}, {"start": "00:36:27", "end": "00:36:30", "text": ">> for Hyperlid months ago."}, {"start": "00:36:29", "end": "00:36:32", "text": ">> Oh, did you? Okay."}, {"start": "00:36:30", "end": "00:36:33", "text": ">> Okay. How are they How are these down?"}, {"start": "00:36:32", "end": "00:36:34", "text": ">> Next down 4.5%."}, {"start": "00:36:33", "end": "00:36:35", "text": ">> Next down."}, {"start": "00:36:34", "end": "00:36:37", "text": ">> Yeah."}, {"start": "00:36:35", "end": "00:36:38", "text": ">> Where is I remember milk was a big deal"}, {"start": "00:36:37", "end": "00:36:40", "text": "at a point. Is that even showing?"}, {"start": "00:36:38", "end": "00:36:42", "text": ">> I think that uh that that rugged"}, {"start": "00:36:40", "end": "00:36:44", "text": ">> that rugged. Okay."}, {"start": "00:36:42", "end": "00:36:46", "text": ">> Yeah. So, Knight is the largest Cardano"}, {"start": "00:36:44", "end": "00:36:50", "text": "altcoin followed by Snick followed by a"}, {"start": "00:36:46", "end": "00:36:52", "text": "AI play agix. uh fetch. Then we have"}, {"start": "00:36:50", "end": "00:36:54", "text": "world mobile. They were pretty big in"}, {"start": "00:36:52", "end": "00:36:55", "text": "the North Carolina hurricane response."}, {"start": "00:36:54", "end": "00:36:58", "text": "Then we have Strike. So they're coming"}, {"start": "00:36:55", "end": "00:37:00", "text": "in a high high valuation here. And then"}, {"start": "00:36:58", "end": "00:37:03", "text": "we have a couple stable coins starting"}, {"start": "00:37:00", "end": "00:37:07", "text": "to finally climb including USDCX. This"}, {"start": "00:37:03", "end": "00:37:08", "text": "really needs to be number one by like 5x"}, {"start": "00:37:07", "end": "00:37:10", "text": "the closest competitor. That's when"}, {"start": "00:37:08", "end": "00:37:12", "text": "Cardono Defi will get exciting."}, {"start": "00:37:10", "end": "00:37:14", "text": ">> So you're telling me that going to Tap"}, {"start": "00:37:12", "end": "00:37:16", "text": "Tools might be exciting again?"}, {"start": "00:37:14", "end": "00:37:19", "text": ">> It might be. If if you look at strike, I"}, {"start": "00:37:16", "end": "00:37:21", "text": "put strike on your guys' radar. I sold"}, {"start": "00:37:19", "end": "00:37:24", "text": "most of my bag. I think part of the"}, {"start": "00:37:21", "end": "00:37:26", "text": "runup here, I think I think near one"}, {"start": "00:37:24", "end": "00:37:28", "text": "near. So, every strike was worth one"}, {"start": "00:37:26", "end": "00:37:31", "text": "ADA. These are being priced in ADA. It"}, {"start": "00:37:28", "end": "00:37:33", "text": "was as low as, you know, 17th of an ADA,"}, {"start": "00:37:31", "end": "00:37:36", "text": "1/5if of an ADA, and now it is worth"}, {"start": "00:37:33", "end": "00:37:38", "text": "four ADA. Huh. You're looking at a 20x"}, {"start": "00:37:36", "end": "00:37:41", "text": "in Cardano if you're looking at this."}, {"start": "00:37:38", "end": "00:37:43", "text": "So, Cardano could go down 50%. But if"}, {"start": "00:37:41", "end": "00:37:44", "text": "you 20x your ADA bag, you're deep deep"}, {"start": "00:37:43", "end": "00:37:46", "text": "deep in profit."}, {"start": "00:37:44", "end": "00:37:47", "text": ">> Why would Strike be pumping? Like what"}, {"start": "00:37:46", "end": "00:37:49", "text": "is this? A DeFi or something?"}, {"start": "00:37:47", "end": "00:37:51", "text": ">> Perpetual Decks. The The guy actually"}, {"start": "00:37:49", "end": "00:37:52", "text": "builds. I've I've had chats with him. I"}, {"start": "00:37:51", "end": "00:37:53", "text": "actually interviewed him."}, {"start": "00:37:52", "end": "00:37:55", "text": ">> Okay. Okay."}, {"start": "00:37:53", "end": "00:37:55", "text": ">> This is ages ago. I was putting this on"}, {"start": "00:37:55", "end": "00:37:57", "text": "y'all's radar."}, {"start": "00:37:55", "end": "00:37:59", "text": ">> Tell you that Cardano people still"}, {"start": "00:37:57", "end": "00:37:59", "text": "exist. Like, are they still excited"}, {"start": "00:37:59", "end": "00:38:03", "text": "about this?"}, {"start": "00:37:59", "end": "00:38:04", "text": ">> There's dozens of us. Dozens."}, {"start": "00:38:03", "end": "00:38:07", "text": ">> I mean, there's got to be something"}, {"start": "00:38:04", "end": "00:38:09", "text": "happening here. Like, um, you don't pump"}, {"start": "00:38:07", "end": "00:38:11", "text": "like that without some activity going"}, {"start": "00:38:09", "end": "00:38:12", "text": "on. So interesting."}, {"start": "00:38:11", "end": "00:38:15", "text": ">> We are going to talk about the XRP"}, {"start": "00:38:12", "end": "00:38:16", "text": "wedge. Good call there Buck Slayer. Buck"}, {"start": "00:38:15", "end": "00:38:18", "text": "Slayer. He ain't just hunting the bucks."}, {"start": "00:38:16", "end": "00:38:20", "text": "He's hunting the good entry points."}, {"start": "00:38:18", "end": "00:38:22", "text": "We're going to look at the XRP chart."}, {"start": "00:38:20", "end": "00:38:24", "text": "Now, I do want to share, you know, my"}, {"start": "00:38:22", "end": "00:38:26", "text": "other favorite altcoin. So, you take"}, {"start": "00:38:24", "end": "00:38:28", "text": "away Hyperlid, you take away Cardano,"}, {"start": "00:38:26", "end": "00:38:30", "text": "Drew, what does that leave me with?"}, {"start": "00:38:28", "end": "00:38:31", "text": ">> Uh, pain."}, {"start": "00:38:30", "end": "00:38:33", "text": ">> Altcoin I love."}, {"start": "00:38:31", "end": "00:38:35", "text": ">> Okay. Altcoin you love. God damn."}, {"start": "00:38:33", "end": "00:38:37", "text": ">> You used to work with these as part of"}, {"start": "00:38:35", "end": "00:38:38", "text": "your job."}, {"start": "00:38:37", "end": "00:38:40", "text": ">> To work with them as part of my Oh,"}, {"start": "00:38:38", "end": "00:38:41", "text": "NFTTS. No. Chain link."}, {"start": "00:38:40", "end": "00:38:43", "text": ">> Chain link."}, {"start": "00:38:41", "end": "00:38:44", "text": ">> Cuz you used to work on fences, right?"}, {"start": "00:38:43", "end": "00:38:45", "text": ">> I never did."}, {"start": "00:38:44", "end": "00:38:46", "text": ">> You help build the border wall."}, {"start": "00:38:45", "end": "00:38:49", "text": ">> Cedar fences."}, {"start": "00:38:46", "end": "00:38:52", "text": ">> You were building the border wall."}, {"start": "00:38:49", "end": "00:38:54", "text": ">> No. Cedar fences only, man. I never did"}, {"start": "00:38:52", "end": "00:38:56", "text": "chain link fences, but chain"}, {"start": "00:38:54", "end": "00:38:57", "text": ">> they have the large aluminum poles."}, {"start": "00:38:56", "end": "00:38:58", "text": "They're like 20 ft high. They're right"}, {"start": "00:38:57", "end": "00:39:01", "text": "on the Rio Grande."}, {"start": "00:38:58", "end": "00:39:03", "text": ">> Yeah. I want I want something to happen"}, {"start": "00:39:01", "end": "00:39:06", "text": "good for chain link buck. Man, it's been"}, {"start": "00:39:03", "end": "00:39:08", "text": "painful. Like watching the price just"}, {"start": "00:39:06", "end": "00:39:09", "text": "stagnate lately. It's been absolutely"}, {"start": "00:39:08", "end": "00:39:10", "text": "ridiculous."}, {"start": "00:39:09", "end": "00:39:12", "text": ">> Drew was at eagle pass. All right, let's"}, {"start": "00:39:10", "end": "00:39:16", "text": "uh pass over to Link here. The amount of"}, {"start": "00:39:12", "end": "00:39:18", "text": "wallets now holding 100,000 link tokens"}, {"start": "00:39:16", "end": "00:39:20", "text": "has just hit an all-time high. You are"}, {"start": "00:39:18", "end": "00:39:23", "text": "not bullish enough. And I shared this as"}, {"start": "00:39:20", "end": "00:39:26", "text": "well. $4 billion has now migrated from"}, {"start": "00:39:23", "end": "00:39:29", "text": "layer zero to chain link CCIP protocols."}, {"start": "00:39:26", "end": "00:39:32", "text": "Lombard solve, Kraken, Puffer, RE7,"}, {"start": "00:39:29", "end": "00:39:34", "text": "Elixir switched after security reviews"}, {"start": "00:39:32", "end": "00:39:37", "text": "favored chain links risk management and"}, {"start": "00:39:34", "end": "00:39:39", "text": "verification model. And I again I I know"}, {"start": "00:39:37", "end": "00:39:41", "text": "I sound like a broken record. We sold"}, {"start": "00:39:39", "end": "00:39:41", "text": "all our layer zero for Hyperlid."}, {"start": "00:39:41", "end": "00:39:42", "text": ">> Did you?"}, {"start": "00:39:41", "end": "00:39:43", "text": ">> Yeah."}, {"start": "00:39:42", "end": "00:39:46", "text": ">> Yeah. Well,"}, {"start": "00:39:43", "end": "00:39:47", "text": ">> this was again months ago. I g you know"}, {"start": "00:39:46", "end": "00:39:48", "text": "I was public about it. We talked about"}, {"start": "00:39:47", "end": "00:39:49", "text": "on live stream. Probably even put it in"}, {"start": "00:39:48", "end": "00:39:52", "text": "an upload."}, {"start": "00:39:49", "end": "00:39:55", "text": ">> Yeah. Chain link is something that it"}, {"start": "00:39:52", "end": "00:39:56", "text": "seems to follow ETH's price crashes"}, {"start": "00:39:55", "end": "00:39:58", "text": "pretty closely,"}, {"start": "00:39:56", "end": "00:40:01", "text": ">> you know. So like how we started the"}, {"start": "00:39:58", "end": "00:40:03", "text": "video or what we're looking at ETH"}, {"start": "00:40:01", "end": "00:40:07", "text": "getting beat down at that what is now"}, {"start": "00:40:03", "end": "00:40:10", "text": "resistance you know chain link I want"}, {"start": "00:40:07", "end": "00:40:12", "text": "you know to go back into it around 7 to"}, {"start": "00:40:10", "end": "00:40:15", "text": "eight bucks you know kind of the top end"}, {"start": "00:40:12", "end": "00:40:18", "text": "of the old accumulation channel the new"}, {"start": "00:40:15", "end": "00:40:20", "text": "kind of bottom of our channel so it's"}, {"start": "00:40:18", "end": "00:40:23", "text": "nothing that I'm afraid of buying into"}, {"start": "00:40:20", "end": "00:40:26", "text": "and and you know adding to what I do"}, {"start": "00:40:23", "end": "00:40:27", "text": "have left of chain link but I do want to"}, {"start": "00:40:26", "end": "00:40:29", "text": "make sure that I'm buying the bottom end"}, {"start": "00:40:27", "end": "00:40:30", "text": "of this channel, right? Like that is"}, {"start": "00:40:29", "end": "00:40:32", "text": "kind of my intention."}, {"start": "00:40:30", "end": "00:40:33", "text": ">> That that was my point. I I covered this"}, {"start": "00:40:32", "end": "00:40:36", "text": "in last night's video, so I don't want"}, {"start": "00:40:33", "end": "00:40:38", "text": "to go too ind depth there. I I think the"}, {"start": "00:40:36", "end": "00:40:41", "text": "bare flag unlikely. This bare flag goes"}, {"start": "00:40:38", "end": "00:40:42", "text": "all the way down to $4.20. I I would put"}, {"start": "00:40:41", "end": "00:40:45", "text": "it very low odds that we're going to see"}, {"start": "00:40:42", "end": "00:40:47", "text": "a four under $5 chain link, but I also"}, {"start": "00:40:45", "end": "00:40:49", "text": "in the video I do talk about the bottom"}, {"start": "00:40:47", "end": "00:40:50", "text": "of this range. So I too would keep an"}, {"start": "00:40:49", "end": "00:40:52", "text": "eye out on the bottom of the range. It"}, {"start": "00:40:50", "end": "00:40:53", "text": "looks pretty good to me. And I'm just"}, {"start": "00:40:52", "end": "00:40:54", "text": "looking at that, you know, go from the"}, {"start": "00:40:53", "end": "00:40:55", "text": "bottom, go from the bottom, move it"}, {"start": "00:40:54", "end": "00:40:57", "text": "straight up. If you hit the tops, you"}, {"start": "00:40:55", "end": "00:40:58", "text": "hit the tops and we closed one daily"}, {"start": "00:40:57", "end": "00:40:59", "text": "candle above it,"}, {"start": "00:40:58", "end": "00:41:00", "text": ">> right?"}, {"start": "00:40:59", "end": "00:41:02", "text": ">> Technically closed too, but we only had"}, {"start": "00:41:00", "end": "00:41:04", "text": "one open and close. And really, we"}, {"start": "00:41:02", "end": "00:41:05", "text": "didn't have any confirm entirely out of"}, {"start": "00:41:04", "end": "00:41:06", "text": "the range even that was dipping down"}, {"start": "00:41:05", "end": "00:41:07", "text": "below."}, {"start": "00:41:06", "end": "00:41:09", "text": ">> And in this channel, it's been"}, {"start": "00:41:07", "end": "00:41:11", "text": "performing better than ETH, which is"}, {"start": "00:41:09", "end": "00:41:11", "text": "really good to see. Um, oh, we got super"}, {"start": "00:41:11", "end": "00:41:13", "text": "chat."}, {"start": "00:41:11", "end": "00:41:15", "text": ">> All right, so we got 20K sitting on the"}, {"start": "00:41:13", "end": "00:41:17", "text": "side right now. Should I buy anything or"}, {"start": "00:41:15", "end": "00:41:21", "text": "wait for more of a dip? Got ETH, soul,"}, {"start": "00:41:17", "end": "00:41:23", "text": "near render, on Bitcoin. I hate that you"}, {"start": "00:41:21", "end": "00:41:25", "text": "don't have any hyperlid. been screaming"}, {"start": "00:41:23", "end": "00:41:27", "text": "at you to buy some hyperlid, telling"}, {"start": "00:41:25", "end": "00:41:28", "text": "people to even sell some of their alts"}, {"start": "00:41:27", "end": "00:41:30", "text": "to get some hyperlquid if they didn't"}, {"start": "00:41:28", "end": "00:41:32", "text": "have cash on the sidelines. I'm not a"}, {"start": "00:41:30", "end": "00:41:35", "text": "fan of selling ETH here, but I don't"}, {"start": "00:41:32", "end": "00:41:37", "text": "know if I'm a fan of buying ETH either."}, {"start": "00:41:35", "end": "00:41:40", "text": "Do we go lower? I think all roads have"}, {"start": "00:41:37", "end": "00:41:42", "text": "to go to Bitcoin. And it does I I would"}, {"start": "00:41:40", "end": "00:41:43", "text": "say it's more likely than not we're"}, {"start": "00:41:42", "end": "00:41:46", "text": "going to visit the bottom of this range."}, {"start": "00:41:43", "end": "00:41:48", "text": "I think we may even wick below and then"}, {"start": "00:41:46", "end": "00:41:49", "text": "a lot of alts are going to bleed. So, I"}, {"start": "00:41:48", "end": "00:41:52", "text": "would not be deploying all 20k, but"}, {"start": "00:41:49", "end": "00:41:52", "text": "Drew, I would probably do two to 4K."}, {"start": "00:41:52", "end": "00:41:55", "text": ">> Would you?"}, {"start": "00:41:52", "end": "00:41:57", "text": ">> I think I would do 10 to 25%."}, {"start": "00:41:55", "end": "00:42:00", "text": ">> Yeah, for where we're at right now, just"}, {"start": "00:41:57", "end": "00:42:02", "text": "from my opinion, like I'm not ready to"}, {"start": "00:42:00", "end": "00:42:05", "text": "start unwinding or going back into alts"}, {"start": "00:42:02", "end": "00:42:08", "text": "super heavy. So, like, you know, for"}, {"start": "00:42:05", "end": "00:42:11", "text": "right now, I am like 95% Bitcoin and"}, {"start": "00:42:08", "end": "00:42:13", "text": "then Tether for trading. a little bit of"}, {"start": "00:42:11", "end": "00:42:17", "text": "chain link and morpho hanging around."}, {"start": "00:42:13", "end": "00:42:20", "text": "But um you know I think that the render"}, {"start": "00:42:17", "end": "00:42:22", "text": "pump taking advantage and maybe a little"}, {"start": "00:42:20", "end": "00:42:24", "text": "bit of action off the table from the"}, {"start": "00:42:22", "end": "00:42:26", "text": "render pump might and near been doing"}, {"start": "00:42:24", "end": "00:42:27", "text": "well as well."}, {"start": "00:42:26", "end": "00:42:29", "text": ">> That thing is down. That's a topping"}, {"start": "00:42:27", "end": "00:42:33", "text": "tail daily candle. So this is signifying"}, {"start": "00:42:29", "end": "00:42:35", "text": "a top potentially. Uh it's it's better"}, {"start": "00:42:33", "end": "00:42:38", "text": "to have this candle body not not go past"}, {"start": "00:42:35", "end": "00:42:40", "text": "25%. It is probably roughly at 50% maybe"}, {"start": "00:42:38", "end": "00:42:42", "text": "and 55%. So, not the strongest topping"}, {"start": "00:42:40", "end": "00:42:44", "text": "tail. So, there's definitely good odds"}, {"start": "00:42:42", "end": "00:42:45", "text": "that this could break to the upside, but"}, {"start": "00:42:44", "end": "00:42:47", "text": "I would say the odds are favoring we're"}, {"start": "00:42:45", "end": "00:42:49", "text": "coming back down to this trend line."}, {"start": "00:42:47", "end": "00:42:51", "text": ">> Yeah, man. I just feel like this is this"}, {"start": "00:42:49", "end": "00:42:54", "text": "is indeed a bare market. So, you know,"}, {"start": "00:42:51", "end": "00:42:56", "text": "if you're seeing pumps in a bare market,"}, {"start": "00:42:54", "end": "00:42:59", "text": "you know, you have hardcore conviction"}, {"start": "00:42:56", "end": "00:43:01", "text": "in render and near and you are"}, {"start": "00:42:59", "end": "00:43:04", "text": "convinced, you know, like"}, {"start": "00:43:01", "end": "00:43:07", "text": ">> I think that for the time being more"}, {"start": "00:43:04", "end": "00:43:09", "text": "Bitcoin in this season is just fine and"}, {"start": "00:43:07", "end": "00:43:12", "text": "taking advantage of these, you know, 20"}, {"start": "00:43:09", "end": "00:43:13", "text": "30% 100% pumps in the time frame that"}, {"start": "00:43:12", "end": "00:43:17", "text": "we're in. There ain't nothing wrong with"}, {"start": "00:43:13", "end": "00:43:21", "text": "taking profits, right? So, um, you know,"}, {"start": "00:43:17", "end": "00:43:23", "text": "20K I' I for for me I'm putting it into"}, {"start": "00:43:21", "end": "00:43:25", "text": "Bitcoin half and then the other half is"}, {"start": "00:43:23", "end": "00:43:28", "text": "dry powder to buy dips on things that I"}, {"start": "00:43:25", "end": "00:43:29", "text": "like, right? Like I am expecting more"}, {"start": "00:43:28", "end": "00:43:31", "text": "dips in the future."}, {"start": "00:43:29", "end": "00:43:33", "text": ">> How much XRP am I sitting on? I have"}, {"start": "00:43:31", "end": "00:43:34", "text": "zero XRP."}, {"start": "00:43:33", "end": "00:43:37", "text": ">> You're sitting on See, I have way more"}, {"start": "00:43:34", "end": "00:43:38", "text": "XRP than I'd like to admit. Just"}, {"start": "00:43:37", "end": "00:43:40", "text": ">> So, you're still sitting on some XRP? I"}, {"start": "00:43:38", "end": "00:43:41", "text": "well it's family trust and stuff like"}, {"start": "00:43:40", "end": "00:43:43", "text": "that and it's stuff I don't feel like"}, {"start": "00:43:41", "end": "00:43:45", "text": "unwinding and it's also stuff I bought"}, {"start": "00:43:43", "end": "00:43:46", "text": "for 17 cents a token. So"}, {"start": "00:43:45", "end": "00:43:48", "text": ">> all right let's talk about hype then"}, {"start": "00:43:46", "end": "00:43:51", "text": "let's get into the uh XRP charts here."}, {"start": "00:43:48", "end": "00:43:54", "text": "Number one we have the hype ETFs have"}, {"start": "00:43:51", "end": "00:43:57", "text": "now set a record. They have absorbed 1%"}, {"start": "00:43:54", "end": "00:43:59", "text": "of the total total value of Hyperlid. It"}, {"start": "00:43:57", "end": "00:44:01", "text": "just flipped Salana and TVL for the"}, {"start": "00:43:59", "end": "00:44:03", "text": "first time ever. B&B chain is next. That"}, {"start": "00:44:01", "end": "00:44:06", "text": "puts it at number two. Only ETH is"}, {"start": "00:44:03", "end": "00:44:08", "text": "ahead. And when I show you this picture,"}, {"start": "00:44:06", "end": "00:44:11", "text": "it's going to look even crazier. Look"}, {"start": "00:44:08", "end": "00:44:12", "text": "how close it is. Look how close it is to"}, {"start": "00:44:11", "end": "00:44:14", "text": "these. So, Hyperlid looking very"}, {"start": "00:44:12", "end": "00:44:16", "text": "bullish. Like we said, the ETF absorbed"}, {"start": "00:44:14", "end": "00:44:18", "text": "1% of the market cap in the first 10"}, {"start": "00:44:16", "end": "00:44:21", "text": "trading days. Where's that stand next to"}, {"start": "00:44:18", "end": "00:44:23", "text": "the other altcoin ETFs or Bitcoin ETFs?"}, {"start": "00:44:21", "end": "00:44:26", "text": "Well, this was the strongest crypto ETF"}, {"start": "00:44:23", "end": "00:44:29", "text": "debut by one market cap adjusted demand"}, {"start": "00:44:26", "end": "00:44:33", "text": "metric. Bitcoin, ETH, and Salana ETF uh"}, {"start": "00:44:29", "end": "00:44:36", "text": "debuts. Now, so Hyperliquid absorb 1.04%"}, {"start": "00:44:33", "end": "00:44:40", "text": "04% of the total market cap. Bitcoin"}, {"start": "00:44:36", "end": "00:44:41", "text": "0.59% in the same amount of time. ETH"}, {"start": "00:44:40", "end": "00:44:44", "text": "0.41%"}, {"start": "00:44:41", "end": "00:44:46", "text": "and Salana 0.31%."}, {"start": "00:44:44", "end": "00:44:49", "text": "Wall Street is showing they favor"}, {"start": "00:44:46", "end": "00:44:49", "text": "Hyperlid by basically a 2 to1 margin."}, {"start": "00:44:49", "end": "00:44:51", "text": ">> Interesting."}, {"start": "00:44:49", "end": "00:44:53", "text": ">> So Hyperliquid, you know, very very"}, {"start": "00:44:51", "end": "00:44:56", "text": "bullish when you look at that. Looking"}, {"start": "00:44:53", "end": "00:44:59", "text": "at the ETF flows, let's see. So we have"}, {"start": "00:44:56", "end": "00:45:01", "text": "hype pulled up. Let me scroll. 20"}, {"start": "00:44:59", "end": "00:45:03", "text": "million. Another streak. We're just"}, {"start": "00:45:01", "end": "00:45:07", "text": "seeing non-stop streak here. Look at"}, {"start": "00:45:03", "end": "00:45:09", "text": "that Bitcoin uh IBID ETF. Okay, end up"}, {"start": "00:45:07", "end": "00:45:10", "text": "only being 300 million."}, {"start": "00:45:09", "end": "00:45:13", "text": ">> So, I guess some buyers stepped up. Now,"}, {"start": "00:45:10", "end": "00:45:15", "text": "let's get into XRP, everybody. XRP,"}, {"start": "00:45:13", "end": "00:45:16", "text": "there's three metric saying explosive"}, {"start": "00:45:15", "end": "00:45:18", "text": "price is about to hit. One, they're"}, {"start": "00:45:16", "end": "00:45:20", "text": "looking at the MVRV. This is the moving"}, {"start": "00:45:18", "end": "00:45:22", "text": "value to realize or market value to"}, {"start": "00:45:20", "end": "00:45:25", "text": "realize value ratio. Look at this blue"}, {"start": "00:45:22", "end": "00:45:28", "text": "line. This is the 30-day average. So,"}, {"start": "00:45:25", "end": "00:45:30", "text": "when it's down, uh the price is lower"}, {"start": "00:45:28", "end": "00:45:32", "text": "than what people last traded it at. So"}, {"start": "00:45:30", "end": "00:45:34", "text": "today's price is not yesterday's price."}, {"start": "00:45:32", "end": "00:45:37", "text": "It is much lower. When we had the 30-day"}, {"start": "00:45:34", "end": "00:45:40", "text": "average really low over here, that was a"}, {"start": "00:45:37", "end": "00:45:42", "text": "bottom for XRP's price. We had another"}, {"start": "00:45:40", "end": "00:45:45", "text": "spike of the 30-day average right here,"}, {"start": "00:45:42", "end": "00:45:48", "text": "as well as the 365day average right"}, {"start": "00:45:45", "end": "00:45:51", "text": "here. That was a bottom for XRP. Go to"}, {"start": "00:45:48", "end": "00:45:54", "text": "where we're at today. We both have the"}, {"start": "00:45:51", "end": "00:45:56", "text": "30-day and the 365day is now very, very"}, {"start": "00:45:54", "end": "00:45:58", "text": "low levels. Previously in the past has"}, {"start": "00:45:56", "end": "00:46:01", "text": "led to an XRP pump. Not saying it's"}, {"start": "00:45:58", "end": "00:46:04", "text": "guaranteed, just what we saw. We have a"}, {"start": "00:46:01", "end": "00:46:06", "text": "multi multi- uh I would say, yeah, this"}, {"start": "00:46:04", "end": "00:46:08", "text": "is 18 months falling wedge. This is a"}, {"start": "00:46:06", "end": "00:46:10", "text": "bullish chart pattern. How do you trade"}, {"start": "00:46:08", "end": "00:46:12", "text": "a falling wedge? You look at the the"}, {"start": "00:46:10", "end": "00:46:14", "text": "widest part that would give you your"}, {"start": "00:46:12", "end": "00:46:16", "text": "target from the breakout. Let's go ahead"}, {"start": "00:46:14", "end": "00:46:19", "text": "and run that over. So, it's going to hit"}, {"start": "00:46:16", "end": "00:46:21", "text": "the top here. We already hit the bottom."}, {"start": "00:46:19", "end": "00:46:25", "text": "Let's just say we break out sometime"}, {"start": "00:46:21", "end": "00:46:28", "text": "around here back to a $3 XRP. If this"}, {"start": "00:46:25", "end": "00:46:30", "text": "plays out, if this plays out."}, {"start": "00:46:28", "end": "00:46:33", "text": ">> Yeah, XRP I I don't know. It's hard to"}, {"start": "00:46:30", "end": "00:46:35", "text": "imagine XRP like truly going to zero at"}, {"start": "00:46:33", "end": "00:46:39", "text": "this point because there's such a a"}, {"start": "00:46:35", "end": "00:46:41", "text": "narrative and like a an army behind it."}, {"start": "00:46:39", "end": "00:46:43", "text": "It does feel like it's running into its"}, {"start": "00:46:41", "end": "00:46:47", "text": "base level. I'm never leaving support"}, {"start": "00:46:43", "end": "00:46:48", "text": "spots right now. Um Bell Monad here."}, {"start": "00:46:47", "end": "00:46:50", "text": "Yeah, $10 super chat asking about how"}, {"start": "00:46:48", "end": "00:46:52", "text": "are people fading Monad is outpacing"}, {"start": "00:46:50", "end": "00:46:54", "text": "Salana and Wormhole for bridge"}, {"start": "00:46:52", "end": "00:46:58", "text": "transactions, especially since the team"}, {"start": "00:46:54", "end": "00:46:59", "text": "was from Jump Crypto. Bridges are high"}, {"start": "00:46:58", "end": "00:47:01", "text": "risk. We were talking about risk"}, {"start": "00:46:59", "end": "00:47:03", "text": "earlier. A lot of exploits do happen on"}, {"start": "00:47:01", "end": "00:47:04", "text": "bridges. For that reason, some people"}, {"start": "00:47:03", "end": "00:47:06", "text": "are probably going to be a little"}, {"start": "00:47:04", "end": "00:47:10", "text": "averse, but to Drew's point, with risk"}, {"start": "00:47:06", "end": "00:47:12", "text": "comes reward. So, that is a good point."}, {"start": "00:47:10", "end": "00:47:14", "text": "Looks like, let's see here. So, let's"}, {"start": "00:47:12", "end": "00:47:16", "text": "pull up some metrics. So, this is TVL."}, {"start": "00:47:14", "end": "00:47:19", "text": "Well, we're not concerned about that."}, {"start": "00:47:16", "end": "00:47:20", "text": "What we want to look at is"}, {"start": "00:47:19", "end": "00:47:22", "text": "guess chain fees because they're going"}, {"start": "00:47:20", "end": "00:47:24", "text": "to make fees. Okay. So, it looks like"}, {"start": "00:47:22", "end": "00:47:28", "text": "they don't keep that as revenue. So, we"}, {"start": "00:47:24", "end": "00:47:29", "text": "need to go to uh chain revenue."}, {"start": "00:47:28", "end": "00:47:32", "text": "All right. So, it does look like bridge"}, {"start": "00:47:29", "end": "00:47:33", "text": "usage is up down slightly from where it"}, {"start": "00:47:32", "end": "00:47:36", "text": "was in April, though."}, {"start": "00:47:33", "end": "00:47:37", "text": ">> Interesting. Yeah. Monad when it"}, {"start": "00:47:36", "end": "00:47:39", "text": ">> the was only like a few though."}, {"start": "00:47:37", "end": "00:47:41", "text": ">> Yeah. It caught a lot of slack because"}, {"start": "00:47:39", "end": "00:47:44", "text": "when it came out the price just"}, {"start": "00:47:41", "end": "00:47:45", "text": "collapsed like in like at initial"}, {"start": "00:47:44", "end": "00:47:47", "text": "release but they did release this thing"}, {"start": "00:47:45", "end": "00:47:50", "text": "like at the tail end of the last bull"}, {"start": "00:47:47", "end": "00:47:52", "text": "market, right? Uh came out like December"}, {"start": "00:47:50", "end": "00:47:55", "text": "25, right? So it was like kind of"}, {"start": "00:47:52", "end": "00:47:56", "text": "terrible timing for uh the release in"}, {"start": "00:47:55", "end": "00:47:57", "text": "general."}, {"start": "00:47:56", "end": "00:47:59", "text": ">> Yeah. I also want to see the stable coin"}, {"start": "00:47:57", "end": "00:48:01", "text": "market cap rising, not flat"}, {"start": "00:47:59", "end": "00:48:02", "text": "slashstagnant"}, {"start": "00:48:01", "end": "00:48:03", "text": "slash slash"}, {"start": "00:48:02", "end": "00:48:08", "text": ">> declining."}, {"start": "00:48:03", "end": "00:48:09", "text": "I mean I don't know, man. It's it is"}, {"start": "00:48:08", "end": "00:48:12", "text": "it's trying to fight like I know I'm"}, {"start": "00:48:09", "end": "00:48:14", "text": "looking at it on like the last few weeks"}, {"start": "00:48:12", "end": "00:48:16", "text": "on the price chart itself it's down like"}, {"start": "00:48:14", "end": "00:48:19", "text": "32%."}, {"start": "00:48:16", "end": "00:48:20", "text": "But it has like it hit an extreme low of"}, {"start": "00:48:19", "end": "00:48:24", "text": "like 1 and a.5 cents and it's now"}, {"start": "00:48:20", "end": "00:48:26", "text": "trading at 2.4 cents. So, it's not all"}, {"start": "00:48:24", "end": "00:48:29", "text": "lost from those lows uh that we were"}, {"start": "00:48:26", "end": "00:48:32", "text": "measuring kind of from January, February"}, {"start": "00:48:29", "end": "00:48:34", "text": "of uh 2026, you know, cuz that was like"}, {"start": "00:48:32", "end": "00:48:38", "text": "kind of like the the low point for a lot"}, {"start": "00:48:34", "end": "00:48:40", "text": "of stuff um that's risen since then. And"}, {"start": "00:48:38", "end": "00:48:42", "text": "there are some kind of degenerate people"}, {"start": "00:48:40", "end": "00:48:44", "text": "that are real good at getting in and out"}, {"start": "00:48:42", "end": "00:48:46", "text": "of alts, you know, before the nice pumps"}, {"start": "00:48:44", "end": "00:48:48", "text": "that are they've been talking about"}, {"start": "00:48:46", "end": "00:48:50", "text": "Monad. So, you know, it's a new layer 2."}, {"start": "00:48:48", "end": "00:48:51", "text": "We complain about layer twos for"}, {"start": "00:48:50", "end": "00:48:54", "text": "Ethereum, but look, people are"}, {"start": "00:48:51", "end": "00:48:54", "text": ">> This is crowded. That's all. Super super"}, {"start": "00:48:54", "end": "00:48:57", "text": "crowded."}, {"start": "00:48:54", "end": "00:48:59", "text": ">> Yeah. Uh, but the market cap is small."}, {"start": "00:48:57", "end": "00:49:02", "text": ">> Oh, man. It looks like unlocks are going"}, {"start": "00:48:59", "end": "00:49:06", "text": "to be happening"}, {"start": "00:49:02", "end": "00:49:08", "text": "January 07, December 26. I said 0727."}, {"start": "00:49:06", "end": "00:49:11", "text": ">> Yeah. Yeah. Maybe I'll uh"}, {"start": "00:49:08", "end": "00:49:12", "text": ">> It's a lot of sell pressure coming. I"}, {"start": "00:49:11", "end": "00:49:14", "text": "It's like it's something that I've"}, {"start": "00:49:12", "end": "00:49:17", "text": "happily just faded because we're just in"}, {"start": "00:49:14", "end": "00:49:20", "text": "a bare market. But as we get closer to"}, {"start": "00:49:17", "end": "00:49:22", "text": "things leveling out for Bitcoin and you"}, {"start": "00:49:20", "end": "00:49:24", "text": "know I see things start to move back up,"}, {"start": "00:49:22", "end": "00:49:27", "text": ">> people are exiting the ecosystem."}, {"start": "00:49:24", "end": "00:49:29", "text": ">> That bridge data might be uh let's just"}, {"start": "00:49:27", "end": "00:49:31", "text": "say"}, {"start": "00:49:29", "end": "00:49:33", "text": "the team fighting."}, {"start": "00:49:31", "end": "00:49:35", "text": ">> You remember what Starknet did? There"}, {"start": "00:49:33", "end": "00:49:36", "text": "was like eight whales just trading like"}, {"start": "00:49:35", "end": "00:49:39", "text": "crazy back and forth between each other."}, {"start": "00:49:36", "end": "00:49:42", "text": "It was alleged uh that they were just"}, {"start": "00:49:39", "end": "00:49:44", "text": "creating uh transaction volume that way."}, {"start": "00:49:42", "end": "00:49:47", "text": "This is more uh more like a L1 similar"}, {"start": "00:49:44", "end": "00:49:51", "text": "to B&B where you have a 0x and"}, {"start": "00:49:47", "end": "00:49:54", "text": "uh essentially not operating under ETH."}, {"start": "00:49:51", "end": "00:49:57", "text": ">> Okay. Yeah. I mean like the price chart"}, {"start": "00:49:54", "end": "00:49:58", "text": "in general doesn't make me queasy, but"}, {"start": "00:49:57", "end": "00:50:01", "text": "you know just the time frame of where"}, {"start": "00:49:58", "end": "00:50:03", "text": "we're at. I still feel we're in a bare"}, {"start": "00:50:01", "end": "00:50:05", "text": "market. So once I, you know, get off my"}, {"start": "00:50:03", "end": "00:50:07", "text": "hunches and start unwinding, you know,"}, {"start": "00:50:05", "end": "00:50:10", "text": "some Tether or some Bitcoin back into"}, {"start": "00:50:07", "end": "00:50:12", "text": "alts, you know, that's usually dictated"}, {"start": "00:50:10", "end": "00:50:14", "text": "by the weekly money flow and I'm just"}, {"start": "00:50:12", "end": "00:50:17", "text": "not seeing it there yet. So, you know,"}, {"start": "00:50:14", "end": "00:50:19", "text": "I'm not ready to start going after this"}, {"start": "00:50:17", "end": "00:50:21", "text": "stuff. But I'm a DJ and, you know,"}, {"start": "00:50:19", "end": "00:50:23", "text": "people that will take risks on this,"}, {"start": "00:50:21", "end": "00:50:25", "text": "maybe they end up real big. Um, you"}, {"start": "00:50:23", "end": "00:50:27", "text": "know, and they do well off of it. It's a"}, {"start": "00:50:25", "end": "00:50:29", "text": "small enough market cap where like you"}, {"start": "00:50:27", "end": "00:50:31", "text": "know you can you know if it goes to a"}, {"start": "00:50:29", "end": "00:50:33", "text": "billion that's like a 3x"}, {"start": "00:50:31", "end": "00:50:35", "text": ">> and the the token unlocks are slow for"}, {"start": "00:50:33", "end": "00:50:36", "text": "now but it is going to pick up in"}, {"start": "00:50:35", "end": "00:50:39", "text": "December. So just keep just be aware of"}, {"start": "00:50:36", "end": "00:50:40", "text": "the the token unlocks. Uh Bass is"}, {"start": "00:50:39", "end": "00:50:42", "text": "launching this. It looks like Bass"}, {"start": "00:50:40", "end": "00:50:45", "text": "trying to lean into the AI narrative"}, {"start": "00:50:42", "end": "00:50:49", "text": "here. Bass is going to allow uh the base"}, {"start": "00:50:45", "end": "00:50:51", "text": "MCP. This is a model context protocol. I"}, {"start": "00:50:49", "end": "00:50:54", "text": "think I'm saying that incorrectly. But"}, {"start": "00:50:51", "end": "00:50:56", "text": "MCP is a framework from Anthropic."}, {"start": "00:50:54", "end": "00:50:59", "text": "people that make Claude this is what"}, {"start": "00:50:56", "end": "00:51:02", "text": "they said hey if you have a say a crypto"}, {"start": "00:50:59", "end": "00:51:04", "text": "use this framework for the AI agents to"}, {"start": "00:51:02", "end": "00:51:06", "text": "talk to each other other like Salana"}, {"start": "00:51:04", "end": "00:51:08", "text": "Salana's already using this uh hyper"}, {"start": "00:51:06", "end": "00:51:11", "text": "there's a lot of things that are using"}, {"start": "00:51:08", "end": "00:51:13", "text": "the MCP protocol think of it like CCIP"}, {"start": "00:51:11", "end": "00:51:15", "text": "almost it's like a framework uh so base"}, {"start": "00:51:13", "end": "00:51:17", "text": "MCP is going to include integrations"}, {"start": "00:51:15", "end": "00:51:20", "text": "with several D5 protocols on base"}, {"start": "00:51:17", "end": "00:51:24", "text": "including Morpho Moonwell unis swap and"}, {"start": "00:51:20", "end": "00:51:28", "text": "avantis so base leaning into the x40 go"}, {"start": "00:51:24", "end": "00:51:28", "text": "to uh AI agentic trading narrative"}, {"start": "00:51:28", "end": "00:51:33", "text": "there."}, {"start": "00:51:28", "end": "00:51:35", "text": ">> Yeah, I think AI connected uh altcoins"}, {"start": "00:51:33", "end": "00:51:37", "text": "have a lot of juice in the tank, man."}, {"start": "00:51:35", "end": "00:51:38", "text": "And I think that they're well under"}, {"start": "00:51:37", "end": "00:51:39", "text": "valued."}, {"start": "00:51:38", "end": "00:51:42", "text": ">> Let me ask you this. Are you as bullish"}, {"start": "00:51:39", "end": "00:51:44", "text": "as agents will be trading crypto? Are"}, {"start": "00:51:42", "end": "00:51:46", "text": "you as bullish today as you were say 3"}, {"start": "00:51:44", "end": "00:51:48", "text": "months ago, four months ago?"}, {"start": "00:51:46", "end": "00:51:50", "text": ">> I am less bullish personally."}, {"start": "00:51:48", "end": "00:51:52", "text": ">> No, it's it's more real. It's more real"}, {"start": "00:51:50", "end": "00:51:54", "text": "for me now. So you're more bullish than"}, {"start": "00:51:52", "end": "00:51:55", "text": "you were four months ago."}, {"start": "00:51:54", "end": "00:51:57", "text": ">> Yeah. I mean bullish, you know, you have"}, {"start": "00:51:55", "end": "00:52:00", "text": "to be careful about it. The difficulty"}, {"start": "00:51:57", "end": "00:52:03", "text": "in this is like picking the right AI"}, {"start": "00:52:00", "end": "00:52:06", "text": "coin because there's so many out there."}, {"start": "00:52:03", "end": "00:52:09", "text": "But clearly economic activity is coming"}, {"start": "00:52:06", "end": "00:52:10", "text": "to AI. Very clearly economic activity is"}, {"start": "00:52:09", "end": "00:52:13", "text": "going to AI."}, {"start": "00:52:10", "end": "00:52:16", "text": ">> Do you think they jump crypto and just"}, {"start": "00:52:13", "end": "00:52:19", "text": "go to like a PayPal account, credit"}, {"start": "00:52:16", "end": "00:52:22", "text": "cards instead? I think the friction of"}, {"start": "00:52:19", "end": "00:52:24", "text": "the the old system is going to get in"}, {"start": "00:52:22", "end": "00:52:28", "text": "the way of that. I do think that a new"}, {"start": "00:52:24", "end": "00:52:30", "text": "design to how money moves is needing it"}, {"start": "00:52:28", "end": "00:52:33", "text": "will need to be smoothed out and I think"}, {"start": "00:52:30", "end": "00:52:35", "text": "that's where crypto actually like token"}, {"start": "00:52:33", "end": "00:52:38", "text": "gated activities X42 makes a lot of"}, {"start": "00:52:35", "end": "00:52:40", "text": "sense for me. So I don't think that AI"}, {"start": "00:52:38", "end": "00:52:42", "text": "is going away and I don't think that the"}, {"start": "00:52:40", "end": "00:52:45", "text": "current financial infrastructure is"}, {"start": "00:52:42", "end": "00:52:48", "text": "going to provide the rails that AI needs"}, {"start": "00:52:45", "end": "00:52:50", "text": "to operate smoothly. So maybe the AI"}, {"start": "00:52:48", "end": "00:52:53", "text": "coins that we have right now are it."}, {"start": "00:52:50", "end": "00:52:55", "text": "More often than not, you know, there'll"}, {"start": "00:52:53", "end": "00:52:57", "text": "be seasonal excitement about them just"}, {"start": "00:52:55", "end": "00:53:00", "text": "because of, you know, some testing"}, {"start": "00:52:57", "end": "00:53:02", "text": "that'll be happening with AI in this X42"}, {"start": "00:53:00", "end": "00:53:04", "text": "environment. But probably what's going"}, {"start": "00:53:02", "end": "00:53:05", "text": "to happen is a new one will be developed"}, {"start": "00:53:04", "end": "00:53:07", "text": "over the next few years that will be the"}, {"start": "00:53:05", "end": "00:53:09", "text": "landing pad for it."}, {"start": "00:53:07", "end": "00:53:12", "text": ">> I don't I don't see any physical robots"}, {"start": "00:53:09", "end": "00:53:13", "text": "using any crypto"}, {"start": "00:53:12", "end": "00:53:15", "text": "and anytime soon."}, {"start": "00:53:13", "end": "00:53:18", "text": ">> No, it's more for like DeFi bots, right?"}, {"start": "00:53:15", "end": "00:53:20", "text": "or you know moving in and out of pools,"}, {"start": "00:53:18", "end": "00:53:21", "text": "moving money like physical robots."}, {"start": "00:53:20", "end": "00:53:24", "text": ">> Just a quick question. How is that"}, {"start": "00:53:21", "end": "00:53:25", "text": "different than you know functionally?"}, {"start": "00:53:24", "end": "00:53:27", "text": "How is that different than a Telegram"}, {"start": "00:53:25", "end": "00:53:28", "text": "bot that I could have made, you know, a"}, {"start": "00:53:27", "end": "00:53:31", "text": "year or two ago?"}, {"start": "00:53:28", "end": "00:53:34", "text": ">> Telegram bots that came out weren't very"}, {"start": "00:53:31", "end": "00:53:35", "text": "user friendly. So I think Phantom"}, {"start": "00:53:34", "end": "00:53:36", "text": ">> So you're saying today it's user"}, {"start": "00:53:35", "end": "00:53:38", "text": "friendly."}, {"start": "00:53:36", "end": "00:53:40", "text": ">> Well, Phantom Wallet is user friendly."}, {"start": "00:53:38", "end": "00:53:42", "text": "So, if Phantom Wallet made something"}, {"start": "00:53:40", "end": "00:53:45", "text": "that's user friendly, that's easy to"}, {"start": "00:53:42", "end": "00:53:46", "text": "understand and easy to move through,"}, {"start": "00:53:45", "end": "00:53:49", "text": "that's your ticket. Or if"}, {"start": "00:53:46", "end": "00:53:50", "text": ">> So, Fan Are you saying Phantom has an AI"}, {"start": "00:53:49", "end": "00:53:52", "text": "agent?"}, {"start": "00:53:50", "end": "00:53:53", "text": ">> Are you saying Phantom can work with the"}, {"start": "00:53:52", "end": "00:53:54", "text": "AI agents?"}, {"start": "00:53:53", "end": "00:53:55", "text": ">> No, I think I think Phantom can work"}, {"start": "00:53:54", "end": "00:53:57", "text": "with It's all about"}, {"start": "00:53:55", "end": "00:54:00", "text": ">> So, that's what I'm at. Like, are the AI"}, {"start": "00:53:57", "end": "00:54:00", "text": "agents today easy to use?"}, {"start": "00:54:00", "end": "00:54:02", "text": ">> No."}, {"start": "00:54:00", "end": "00:54:03", "text": ">> And so, that's that's what turned me"}, {"start": "00:54:02", "end": "00:54:03", "text": "more bearish over the last three, four"}, {"start": "00:54:03", "end": "00:54:05", "text": "months."}, {"start": "00:54:03", "end": "00:54:06", "text": ">> Yeah. Yeah. Now, that's why I think that"}, {"start": "00:54:05", "end": "00:54:08", "text": "something will be made over the next few"}, {"start": "00:54:06", "end": "00:54:10", "text": "years that is user friendly, right? Like"}, {"start": "00:54:08", "end": "00:54:11", "text": "where we're at is kind of like the wild"}, {"start": "00:54:10", "end": "00:54:14", "text": "west where we're moving fast and"}, {"start": "00:54:11", "end": "00:54:15", "text": "breaking things. But the moment that you"}, {"start": "00:54:14", "end": "00:54:19", "text": "see that breakthrough moment for either"}, {"start": "00:54:15", "end": "00:54:22", "text": "Coinbase or Phantom Wallet that makes a"}, {"start": "00:54:19", "end": "00:54:23", "text": "easy to walk through door for us to use"}, {"start": "00:54:22", "end": "00:54:25", "text": "these AI agents, I think that's the"}, {"start": "00:54:23", "end": "00:54:25", "text": "breakthrough point. But we're not there"}, {"start": "00:54:25", "end": "00:54:27", "text": "yet."}, {"start": "00:54:25", "end": "00:54:30", "text": ">> I would just say the world where like a"}, {"start": "00:54:27", "end": "00:54:32", "text": "person has 20 AI agents trading while"}, {"start": "00:54:30", "end": "00:54:34", "text": "they sleep. I don't know if we'll ever"}, {"start": "00:54:32", "end": "00:54:36", "text": "have a world where that's more than like"}, {"start": "00:54:34", "end": "00:54:37", "text": "0.2% of the population."}, {"start": "00:54:36", "end": "00:54:38", "text": ">> Yeah."}, {"start": "00:54:37", "end": "00:54:40", "text": ">> I don't think we'll ever have this"}, {"start": "00:54:38", "end": "00:54:42", "text": "mainstream effect where people just have"}, {"start": "00:54:40", "end": "00:54:43", "text": "agents trading with crypto while they"}, {"start": "00:54:42", "end": "00:54:45", "text": "sleep."}, {"start": "00:54:43", "end": "00:54:47", "text": ">> Yeah. No, I I think this is more for"}, {"start": "00:54:45", "end": "00:54:50", "text": "like institutional payments, right?"}, {"start": "00:54:47", "end": "00:54:52", "text": "Automatic payments that are set up, uh,"}, {"start": "00:54:50", "end": "00:54:53", "text": "payroll processing, things like that."}, {"start": "00:54:52", "end": "00:54:55", "text": "Like there's a lot of"}, {"start": "00:54:53", "end": "00:54:57", "text": ">> I wish I was as bullish as you were. I I"}, {"start": "00:54:55", "end": "00:54:59", "text": "wish I was think I'm thinking of the"}, {"start": "00:54:57", "end": "00:55:00", "text": "company across the way, which is a"}, {"start": "00:54:59", "end": "00:55:02", "text": ">> trying to convince you. which is a"}, {"start": "00:55:00", "end": "00:55:05", "text": "travel agency. And I'm like, will that"}, {"start": "00:55:02", "end": "00:55:06", "text": "travel agency ever have a AI bot handle"}, {"start": "00:55:05", "end": "00:55:09", "text": "payroll?"}, {"start": "00:55:06", "end": "00:55:11", "text": ">> Man, I I do think so. I think in the"}, {"start": "00:55:09", "end": "00:55:11", "text": "next 5 years, yeah, I do think that"}, {"start": "00:55:11", "end": "00:55:14", "text": "we'll get there."}, {"start": "00:55:11", "end": "00:55:14", "text": ">> You already talk about a dead altcoin."}, {"start": "00:55:14", "end": "00:55:16", "text": ">> Yes, I love"}, {"start": "00:55:14", "end": "00:55:19", "text": ">> a dead altcoin. If this is in your"}, {"start": "00:55:16", "end": "00:55:23", "text": "portfolio, sell it all today. Today's"}, {"start": "00:55:19", "end": "00:55:26", "text": "altcoin, Tia, everybody's Tia, if you"}, {"start": "00:55:23", "end": "00:55:28", "text": "weren't aware, they raised $155 million"}, {"start": "00:55:26", "end": "00:55:30", "text": "in funding. the money that they receive."}, {"start": "00:55:28", "end": "00:55:32", "text": "Those people then receive tokens. Those"}, {"start": "00:55:30", "end": "00:55:34", "text": "tokens are going to be on a schedule."}, {"start": "00:55:32", "end": "00:55:35", "text": "They're selling those tokens. Some have"}, {"start": "00:55:34", "end": "00:55:37", "text": "yet to come. Some have already come and"}, {"start": "00:55:35", "end": "00:55:41", "text": "they have dumped those tokens. Well, it"}, {"start": "00:55:37", "end": "00:55:44", "text": "ended up as a network that generates $78"}, {"start": "00:55:41", "end": "00:55:45", "text": "and revenue yesterday."}, {"start": "00:55:44", "end": "00:55:47", "text": ">> $78."}, {"start": "00:55:45", "end": "00:55:47", "text": "A lemonade stand does more revenue than"}, {"start": "00:55:47", "end": "00:55:49", "text": "that."}, {"start": "00:55:47", "end": "00:55:50", "text": ">> That's a steak dinner, Gez. What are you"}, {"start": "00:55:49", "end": "00:55:53", "text": "talking? That's like your old saying."}, {"start": "00:55:50", "end": "00:55:55", "text": "That's a steak dinner right there. Uh,"}, {"start": "00:55:53", "end": "00:55:57", "text": "what is the price per token on Celestia?"}, {"start": "00:55:55", "end": "00:55:59", "text": "I haven't looked at that one in a really"}, {"start": "00:55:57", "end": "00:56:02", "text": "really long time. I remember I like got"}, {"start": "00:55:59", "end": "00:56:03", "text": "out of it for a slight gain at like 10"}, {"start": "00:56:02", "end": "00:56:05", "text": "bucks or something like that."}, {"start": "00:56:03", "end": "00:56:08", "text": ">> I'm almost mad at Virtual Bacon. Virtual"}, {"start": "00:56:05", "end": "00:56:10", "text": "Bacon was a coder when coding was hard."}, {"start": "00:56:08", "end": "00:56:13", "text": "He coded before AI agent. He was like"}, {"start": "00:56:10", "end": "00:56:14", "text": "coding in 2021 where you literally had"}, {"start": "00:56:13", "end": "00:56:17", "text": "to know how to like code a smart"}, {"start": "00:56:14", "end": "00:56:20", "text": "contract. This guy was like espousing in"}, {"start": "00:56:17", "end": "00:56:22", "text": "22 maybe 23. Modular blockchains."}, {"start": "00:56:20", "end": "00:56:24", "text": "Modular blockchains. This is what all"}, {"start": "00:56:22", "end": "00:56:26", "text": "the devs, all the devs I talked to,"}, {"start": "00:56:24", "end": "00:56:28", "text": "they're all like so bullish on modular"}, {"start": "00:56:26", "end": "00:56:30", "text": "blockchains and Tia was on the forefront"}, {"start": "00:56:28", "end": "00:56:32", "text": "of that. It was a hill of be that meant"}, {"start": "00:56:30", "end": "00:56:34", "text": "nothing. And I was just like, well, this"}, {"start": "00:56:32", "end": "00:56:36", "text": "guy knows what he's talking about. And"}, {"start": "00:56:34", "end": "00:56:38", "text": "he clearly did not know what he was"}, {"start": "00:56:36", "end": "00:56:40", "text": "talking about. I love virtual bacon, but"}, {"start": "00:56:38", "end": "00:56:41", "text": ">> like in my small nerd group, this means"}, {"start": "00:56:40", "end": "00:56:43", "text": "everything to us. But"}, {"start": "00:56:41", "end": "00:56:44", "text": ">> yeah, if you ask me about Magic the"}, {"start": "00:56:43", "end": "00:56:46", "text": "Gathering related crypto stuff, I'm"}, {"start": "00:56:44", "end": "00:56:47", "text": "going to give you good answers. And so I"}, {"start": "00:56:46", "end": "00:56:49", "text": "depend, you know, that's that's what I"}, {"start": "00:56:47", "end": "00:56:51", "text": "get. That's what I get. Never outsource"}, {"start": "00:56:49", "end": "00:56:52", "text": "your thinking, folks. Yeah. And thinking"}, {"start": "00:56:51", "end": "00:56:55", "text": "like a normie I think is useful"}, {"start": "00:56:52", "end": "00:56:57", "text": "sometimes. So, you know, thinking like"}, {"start": "00:56:55", "end": "00:56:59", "text": ">> Yeah, like a bit tensor, Bitcoin for AI."}, {"start": "00:56:57", "end": "00:57:00", "text": "You know, that's a normie friendly"}, {"start": "00:56:59", "end": "00:57:00", "text": "narrative there."}, {"start": "00:57:00", "end": "00:57:02", "text": ">> Make it simple."}, {"start": "00:57:00", "end": "00:57:04", "text": ">> I I know I keep saying I'm going to give"}, {"start": "00:57:02", "end": "00:57:04", "text": "up on Coin Gecko, but"}, {"start": "00:57:04", "end": "00:57:06", "text": ">> here we are."}, {"start": "00:57:04", "end": "00:57:07", "text": ">> I I just can't quit you."}, {"start": "00:57:06", "end": "00:57:09", "text": ">> Here we are again."}, {"start": "00:57:07", "end": "00:57:11", "text": ">> Here we are again. The link you followed"}, {"start": "00:57:09", "end": "00:57:13", "text": "here is broken. How dare I just try to"}, {"start": "00:57:11", "end": "00:57:14", "text": "look at the price history?"}, {"start": "00:57:13", "end": "00:57:16", "text": ">> You like lizards."}, {"start": "00:57:14", "end": "00:57:18", "text": ">> Stupid me. Stupid me trying to use your"}, {"start": "00:57:16", "end": "00:57:21", "text": "website for what it's, you know, for."}, {"start": "00:57:18", "end": "00:57:24", "text": "But anyways, uh, precious metals"}, {"start": "00:57:21", "end": "00:57:26", "text": "dumping 1.3 trillion has been wiped out"}, {"start": "00:57:24", "end": "00:57:29", "text": "of the precious metals in one day."}, {"start": "00:57:26", "end": "00:57:32", "text": "Remember, Bitcoin is 1.5 trillion."}, {"start": "00:57:29", "end": "00:57:35", "text": "Precious metals wiped out of Bitcoin in"}, {"start": "00:57:32", "end": "00:57:38", "text": "24 hours. I want to look at the gold"}, {"start": "00:57:35", "end": "00:57:40", "text": "chart. Look at that, Drew. Man, I don't"}, {"start": "00:57:38", "end": "00:57:41", "text": "know how long we've had this. Probably"}, {"start": "00:57:40", "end": "00:57:43", "text": "since here. So, we've had this on here"}, {"start": "00:57:41", "end": "00:57:44", "text": "since March. This red rectangle. Let's"}, {"start": "00:57:43", "end": "00:57:45", "text": "go to the one hour. I'm actually"}, {"start": "00:57:44", "end": "00:57:47", "text": "interested. Did this happen while we're"}, {"start": "00:57:45", "end": "00:57:52", "text": "live? No, it happened right right"}, {"start": "00:57:47", "end": "00:57:54", "text": "before. Okay, so we're off we're off by"}, {"start": "00:57:52", "end": "00:57:56", "text": "4401."}, {"start": "00:57:54", "end": "00:57:57", "text": "Okay, so I just had at 4,400. We're off"}, {"start": "00:57:56", "end": "00:57:58", "text": "by $1."}, {"start": "00:57:57", "end": "00:58:00", "text": ">> Jeez."}, {"start": "00:57:58", "end": "00:58:01", "text": ">> Off by $1. I I think that's more a"}, {"start": "00:58:00", "end": "00:58:03", "text": "psychological level. I don't think a"}, {"start": "00:58:01", "end": "00:58:04", "text": "little Dy drew the rectangle and he"}, {"start": "00:58:03", "end": "00:58:07", "text": "predicted the future. Now I just had the"}, {"start": "00:58:04", "end": "00:58:09", "text": "top line at 4,400. Psychological level"}, {"start": "00:58:07", "end": "00:58:10", "text": "for gold. You see a lot of activity."}, {"start": "00:58:09", "end": "00:58:13", "text": "Look at the wick right there. It went"}, {"start": "00:58:10", "end": "00:58:16", "text": "exactly right there like 4,400. The gold"}, {"start": "00:58:13", "end": "00:58:17", "text": "finally finding a little bit of support,"}, {"start": "00:58:16", "end": "00:58:20", "text": "but at the end of the day, this is a"}, {"start": "00:58:17", "end": "00:58:22", "text": "bearish trend. We are in a downward"}, {"start": "00:58:20", "end": "00:58:23", "text": "trend, which will break to the upside,"}, {"start": "00:58:22", "end": "00:58:26", "text": "but at the moment, you got to respect"}, {"start": "00:58:23", "end": "00:58:28", "text": "this as a downward trend here. But gold"}, {"start": "00:58:26", "end": "00:58:30", "text": "is finding support at our range. Let's"}, {"start": "00:58:28", "end": "00:58:33", "text": "go to silver. This I I think we put out"}, {"start": "00:58:30", "end": "00:58:34", "text": "here. This is going to be in April. So,"}, {"start": "00:58:33", "end": "00:58:36", "text": "we put out this trend line last month."}, {"start": "00:58:34", "end": "00:58:38", "text": "And again, nothing crazy. I'm not, you"}, {"start": "00:58:36", "end": "00:58:40", "text": "know, reinventing the wheel here. I'm"}, {"start": "00:58:38", "end": "00:58:42", "text": "just doing classic TA with the classic"}, {"start": "00:58:40", "end": "00:58:44", "text": "strategies. went to the top, went to the"}, {"start": "00:58:42", "end": "00:58:46", "text": "top here. Well, what do you know? It"}, {"start": "00:58:44", "end": "00:58:48", "text": "acted as resist or support right there."}, {"start": "00:58:46", "end": "00:58:50", "text": "Wicked down exactly to our level that"}, {"start": "00:58:48", "end": "00:58:53", "text": "also gave us the bottom of our parallel"}, {"start": "00:58:50", "end": "00:58:55", "text": "range. Looking at silver continuing out,"}, {"start": "00:58:53", "end": "00:58:57", "text": "we did find a little support within our"}, {"start": "00:58:55", "end": "00:58:59", "text": "little volume node. But when you look at"}, {"start": "00:58:57", "end": "00:59:02", "text": "this, I remember looking at this on the"}, {"start": "00:58:59", "end": "00:59:04", "text": "4 hour just like looked totally insane."}, {"start": "00:59:02", "end": "00:59:06", "text": "Yeah, just boom, boom, boom. Just"}, {"start": "00:59:04", "end": "00:59:09", "text": "knocking against I mean it was fighting"}, {"start": "00:59:06", "end": "00:59:11", "text": "fighting up down up down up down."}, {"start": "00:59:09", "end": "00:59:14", "text": "Perfect support right there."}, {"start": "00:59:11", "end": "00:59:16", "text": "Oh my god, look at that wick. And now we"}, {"start": "00:59:14", "end": "00:59:18", "text": "did wick into it though. Oh, look at"}, {"start": "00:59:16", "end": "00:59:21", "text": "those hourly. Okay. Okay. Still looking"}, {"start": "00:59:18", "end": "00:59:23", "text": "pretty strong for support. Silver might"}, {"start": "00:59:21", "end": "00:59:25", "text": "see a little bit of a bounce. I like a"}, {"start": "00:59:23", "end": "00:59:27", "text": "bounce maybe to the midway point."}, {"start": "00:59:25", "end": "00:59:27", "text": ">> I like silver. Yeah, silver's looking"}, {"start": "00:59:27", "end": "00:59:29", "text": "good."}, {"start": "00:59:27", "end": "00:59:31", "text": ">> I like silver just as an asset, too."}, {"start": "00:59:29", "end": "00:59:34", "text": "It's something you can hold. It's"}, {"start": "00:59:31", "end": "00:59:37", "text": "physical. It's used in production. Um I"}, {"start": "00:59:34", "end": "00:59:39", "text": "was at a uh silver and coin shop and the"}, {"start": "00:59:37", "end": "00:59:40", "text": "guy was crashing out. the salesman's"}, {"start": "00:59:39", "end": "00:59:42", "text": "crashing out because of how often he has"}, {"start": "00:59:40", "end": "00:59:44", "text": "to change the price tags because they're"}, {"start": "00:59:42", "end": "00:59:46", "text": "so old school. They have to print the"}, {"start": "00:59:44", "end": "00:59:49", "text": "price tags out with that little like"}, {"start": "00:59:46", "end": "00:59:51", "text": "price gun thing. So like every morning"}, {"start": "00:59:49", "end": "00:59:53", "text": "he has to show up like hours ahead of"}, {"start": "00:59:51", "end": "00:59:54", "text": "time to check prices and adjust them"}, {"start": "00:59:53", "end": "00:59:58", "text": "within the day because it's become so"}, {"start": "00:59:54", "end": "01:00:00", "text": "volatile. Um think I got a question."}, {"start": "00:59:58", "end": "01:00:02", "text": ">> I swap 50% of my render for hype. I"}, {"start": "01:00:00", "end": "01:00:02", "text": "already made 10k this week."}, {"start": "01:00:02", "end": "01:00:04", "text": ">> There you go."}, {"start": "01:00:02", "end": "01:00:05", "text": ">> Off near. All right. So he caught the"}, {"start": "01:00:04", "end": "01:00:07", "text": "near pump. So looking for new entries"}, {"start": "01:00:05", "end": "01:00:09", "text": "into it. I'll keep adding to Bitcoin and"}, {"start": "01:00:07", "end": "01:00:11", "text": "hype. So, you're looking for near entry."}, {"start": "01:00:09", "end": "01:00:15", "text": "Well, do I have a near chart for you."}, {"start": "01:00:11", "end": "01:00:16", "text": "So, we talked about this again. Nothing"}, {"start": "01:00:15", "end": "01:00:18", "text": "crazy. I'm not reinventing the wheel"}, {"start": "01:00:16", "end": "01:00:20", "text": "here. I'm just going using the classic"}, {"start": "01:00:18", "end": "01:00:22", "text": "strategies. You You call it male"}, {"start": "01:00:20", "end": "01:00:23", "text": "astrology all you want, but you remember"}, {"start": "01:00:22", "end": "01:00:25", "text": "yesterday we looked at this and just"}, {"start": "01:00:23", "end": "01:00:29", "text": "said, \"All right, well, you look at the"}, {"start": "01:00:25", "end": "01:00:31", "text": "top action in 2022, April of 22. Put"}, {"start": "01:00:29", "end": "01:00:32", "text": "this in the upload as well.\" Boom, boom,"}, {"start": "01:00:31", "end": "01:00:34", "text": "boom, boom, boom. Well, if you look at"}, {"start": "01:00:32", "end": "01:00:36", "text": "that and you chart it out, well, what do"}, {"start": "01:00:34", "end": "01:00:38", "text": "you know? But we hit the top right here."}, {"start": "01:00:36", "end": "01:00:40", "text": "December of 24."}, {"start": "01:00:38", "end": "01:00:42", "text": "Let's keep And what what did I say? I"}, {"start": "01:00:40", "end": "01:00:47", "text": "said, \"Watch for a ret.\" We pumped. We"}, {"start": "01:00:42", "end": "01:00:49", "text": "pumped. And now retesting that line."}, {"start": "01:00:47", "end": "01:00:51", "text": ">> Looking really good. Looking really"}, {"start": "01:00:49", "end": "01:00:53", "text": "good. Looking really strong."}, {"start": "01:00:51", "end": "01:00:55", "text": ">> You know,"}, {"start": "01:00:53", "end": "01:00:58", "text": "there is something going on. Like I saw"}, {"start": "01:00:55", "end": "01:01:02", "text": "CryptoSo tagging me in like questions on"}, {"start": "01:00:58", "end": "01:01:04", "text": "the validity of the Zcash pump. Um"}, {"start": "01:01:02", "end": "01:01:06", "text": ">> Zcash is a cabal pump. I treat it the"}, {"start": "01:01:04", "end": "01:01:08", "text": "same as the LA vape cabal. So when you"}, {"start": "01:01:06", "end": "01:01:11", "text": "see something like"}, {"start": "01:01:08", "end": "01:01:13", "text": ">> remember Joe Bowden memecoin."}, {"start": "01:01:11", "end": "01:01:14", "text": ">> All right. Joe Bowden would pump and"}, {"start": "01:01:13", "end": "01:01:17", "text": "you're like who how? It's like it's the"}, {"start": "01:01:14", "end": "01:01:19", "text": "stupid Faze Bank guy, the FaZe Clan that"}, {"start": "01:01:17", "end": "01:01:21", "text": "we looked at earlier. It's like him, the"}, {"start": "01:01:19", "end": "01:01:23", "text": "LA Vape Cabal. The same thing's"}, {"start": "01:01:21", "end": "01:01:25", "text": "happening with Zcash with these like"}, {"start": "01:01:23", "end": "01:01:27", "text": "Silicon Valley billionaires who just"}, {"start": "01:01:25", "end": "01:01:29", "text": "have, you know, 2% of their Bitcoin they"}, {"start": "01:01:27", "end": "01:01:30", "text": "sold into Zcash and they're just sitting"}, {"start": "01:01:29", "end": "01:01:34", "text": "on a fat Zcash bag."}, {"start": "01:01:30", "end": "01:01:36", "text": ">> Yeah. I mean, your TA on near right"}, {"start": "01:01:34", "end": "01:01:38", "text": "here, I think, is pretty sound. So, if"}, {"start": "01:01:36", "end": "01:01:41", "text": "you see a retest on that trend line and"}, {"start": "01:01:38", "end": "01:01:42", "text": "you're able to bounce, especially in the"}, {"start": "01:01:41", "end": "01:01:44", "text": "environment where Bitcoin and"}, {"start": "01:01:42", "end": "01:01:45", "text": "everything, all the bigs are kind of"}, {"start": "01:01:44", "end": "01:01:47", "text": "dumping or"}, {"start": "01:01:45", "end": "01:01:50", "text": ">> that is bullish."}, {"start": "01:01:47", "end": "01:01:52", "text": ">> We bodies are lower, the wick is lower."}, {"start": "01:01:50", "end": "01:01:53", "text": "Meanwhile, the RSI is higher, right?"}, {"start": "01:01:52", "end": "01:01:54", "text": ">> That is a bull div,"}, {"start": "01:01:53", "end": "01:01:57", "text": ">> right?"}, {"start": "01:01:54", "end": "01:01:58", "text": ">> And it is up,"}, {"start": "01:01:57", "end": "01:02:00", "text": ">> you know, there's a"}, {"start": "01:01:58", "end": "01:02:02", "text": ">> 4% eight hours there. There's a big meme"}, {"start": "01:02:00", "end": "01:02:05", "text": "coin on near called I think black dragon"}, {"start": "01:02:02", "end": "01:02:07", "text": "or something like that. It was from the"}, {"start": "01:02:05", "end": "01:02:09", "text": "last bull market and it had moments but"}, {"start": "01:02:07", "end": "01:02:13", "text": "it never really took off because near"}, {"start": "01:02:09", "end": "01:02:15", "text": "still such a small market cap. I got I"}, {"start": "01:02:13", "end": "01:02:17", "text": "gotta kind of look around and see if I"}, {"start": "01:02:15", "end": "01:02:21", "text": "can find this because it's something"}, {"start": "01:02:17", "end": "01:02:22", "text": "that if the near ecosystem pops off"}, {"start": "01:02:21", "end": "01:02:23", "text": ">> Oh, had a nice little pump."}, {"start": "01:02:22", "end": "01:02:25", "text": ">> Is that it? Yeah,"}, {"start": "01:02:23", "end": "01:02:28", "text": ">> it did pump with near. Yeah, this is"}, {"start": "01:02:25", "end": "01:02:32", "text": "like it's something to do with like the"}, {"start": "01:02:28", "end": "01:02:33", "text": ">> That's a 5x 400% pump. Nice nice clean"}, {"start": "01:02:32", "end": "01:02:35", "text": "5x right there."}, {"start": "01:02:33", "end": "01:02:37", "text": ">> Interesting. I want to I want to watch"}, {"start": "01:02:35", "end": "01:02:39", "text": "near and this one. Um"}, {"start": "01:02:37", "end": "01:02:41", "text": ">> so you bought the top though, Drew."}, {"start": "01:02:39", "end": "01:02:42", "text": ">> You're only down 30%."}, {"start": "01:02:41", "end": "01:02:44", "text": ">> That's not bad for a meme coin like"}, {"start": "01:02:42", "end": "01:02:46", "text": "something illlquid like this."}, {"start": "01:02:44", "end": "01:02:48", "text": ">> Yeah, absolutely. Yeah, I mean there's"}, {"start": "01:02:46", "end": "01:02:51", "text": "there's stuff within the Near ecosystem"}, {"start": "01:02:48", "end": "01:02:54", "text": "that might do well and it is a it's"}, {"start": "01:02:51", "end": "01:02:58", "text": "trying to position itself very hard as"}, {"start": "01:02:54", "end": "01:02:59", "text": "an AI focused project. Right. So,"}, {"start": "01:02:58", "end": "01:03:02", "text": ">> what time are we trading today, Drew?"}, {"start": "01:02:59", "end": "01:03:04", "text": ">> Uh I me and Crank are actually working"}, {"start": "01:03:02", "end": "01:03:05", "text": "on a show. I don't know if he's gotten"}, {"start": "01:03:04", "end": "01:03:08", "text": "back to me yet, but I'm going to go live"}, {"start": "01:03:05", "end": "01:03:10", "text": "and trade at about 1:30 p.m. after I get"}, {"start": "01:03:08", "end": "01:03:11", "text": "some lunch after this show. So,"}, {"start": "01:03:10", "end": "01:03:13", "text": ">> all right, let's look at some charts"}, {"start": "01:03:11", "end": "01:03:16", "text": "here. Looking at the daily chart on"}, {"start": "01:03:13", "end": "01:03:19", "text": "hyperlquid and what do you know 4 8 12"}, {"start": "01:03:16", "end": "01:03:21", "text": "16 20. So we rejected off this while we"}, {"start": "01:03:19", "end": "01:03:24", "text": "were live yesterday or sometime near"}, {"start": "01:03:21", "end": "01:03:25", "text": "that in this 4hour candle. Uh looking at"}, {"start": "01:03:24", "end": "01:03:28", "text": "two different ranges. Now this blue"}, {"start": "01:03:25", "end": "01:03:29", "text": "range is not for the regular chart."}, {"start": "01:03:28", "end": "01:03:31", "text": "That's for the log chart. Again I"}, {"start": "01:03:29", "end": "01:03:33", "text": "charted this last night. So if you want"}, {"start": "01:03:31", "end": "01:03:35", "text": "to hear some of my thoughts on the log"}, {"start": "01:03:33", "end": "01:03:36", "text": "chart look into last night's video"}, {"start": "01:03:35", "end": "01:03:39", "text": "folks. Make sure you go watch that."}, {"start": "01:03:36", "end": "01:03:40", "text": "Looking at Salana here. Salana"}, {"start": "01:03:39", "end": "01:03:44", "text": "we talked about this one's a little bit"}, {"start": "01:03:40", "end": "01:03:46", "text": "bearish. We're using this as resistance"}, {"start": "01:03:44", "end": "01:03:48", "text": "as support on other coins as support on"}, {"start": "01:03:46", "end": "01:03:51", "text": "ETH as support on was support on"}, {"start": "01:03:48", "end": "01:03:53", "text": "Bitcoin. This right here though it was"}, {"start": "01:03:51", "end": "01:03:55", "text": "resistance. You see 1, two, three. We"}, {"start": "01:03:53", "end": "01:03:56", "text": "knocked on the door three times and then"}, {"start": "01:03:55", "end": "01:03:58", "text": "the door was slammed in our face. But"}, {"start": "01:03:56", "end": "01:04:00", "text": "now we maybe have found a bottom. It"}, {"start": "01:03:58", "end": "01:04:04", "text": "looks like hidden divergence on the"}, {"start": "01:04:00", "end": "01:04:07", "text": "daily. Uh not looking great there on the"}, {"start": "01:04:04", "end": "01:04:09", "text": "4 hour. Looking at the two hour starting"}, {"start": "01:04:07", "end": "01:04:11", "text": "to tick up. You can see the RSI starting"}, {"start": "01:04:09", "end": "01:04:13", "text": "to move up. So might come up and hit"}, {"start": "01:04:11", "end": "01:04:16", "text": "this range. If you want to see the log"}, {"start": "01:04:13", "end": "01:04:17", "text": "chart trend line. Oh, that's on Salai."}, {"start": "01:04:16", "end": "01:04:19", "text": "Yeah. So looking at that, we got one"}, {"start": "01:04:17", "end": "01:04:21", "text": "more here. We got ADA."}, {"start": "01:04:19", "end": "01:04:22", "text": "Look at ADA."}, {"start": "01:04:21", "end": "01:04:24", "text": ">> This looks terrifying."}, {"start": "01:04:22", "end": "01:04:26", "text": ">> Gave you this trend line. And we're not"}, {"start": "01:04:24", "end": "01:04:29", "text": "supposed We We were supposed to go to"}, {"start": "01:04:26", "end": "01:04:30", "text": "from trend line one to trend line two."}, {"start": "01:04:29", "end": "01:04:31", "text": "We weren't supposed to come back to"}, {"start": "01:04:30", "end": "01:04:34", "text": "trend line one."}, {"start": "01:04:31", "end": "01:04:36", "text": ">> That's a problem. Danger. Dr. Robinson"}, {"start": "01:04:34", "end": "01:04:38", "text": "like messing around with that."}, {"start": "01:04:36", "end": "01:04:39", "text": ">> What's more worrisome is this orange"}, {"start": "01:04:38", "end": "01:04:42", "text": "line. This is the trend line. Let me go"}, {"start": "01:04:39", "end": "01:04:45", "text": "to the daily. This exact support level"}, {"start": "01:04:42", "end": "01:04:49", "text": "helped ADA bounce 90% and 200% before"}, {"start": "01:04:45", "end": "01:04:51", "text": "support in 23 and in 22"}, {"start": "01:04:49", "end": "01:04:54", "text": "and look at it right now."}, {"start": "01:04:51", "end": "01:04:55", "text": ">> You're starting the OG Cardono holders"}, {"start": "01:04:54", "end": "01:04:58", "text": "emotions at these levels coming back"}, {"start": "01:04:55", "end": "01:04:59", "text": "down to that 23 cent mark."}, {"start": "01:04:58", "end": "01:05:00", "text": ">> Jack, these are 1 hour candles we're"}, {"start": "01:04:59", "end": "01:05:02", "text": "looking at here."}, {"start": "01:05:00", "end": "01:05:04", "text": ">> Okay. What is a 1 hour candle pump on"}, {"start": "01:05:02", "end": "01:05:06", "text": "that? Just to measure out, is it uh is"}, {"start": "01:05:04", "end": "01:05:06", "text": "it trying to make some moves off of"}, {"start": "01:05:06", "end": "01:05:08", "text": "this?"}, {"start": "01:05:06", "end": "01:05:10", "text": ">> Yeah, I mean one one and a half%. It's"}, {"start": "01:05:08", "end": "01:05:14", "text": "not moving like a hype will move. Should"}, {"start": "01:05:10", "end": "01:05:17", "text": "I wait for hype to fall below 50 bucks?"}, {"start": "01:05:14", "end": "01:05:18", "text": "This is $46."}, {"start": "01:05:17", "end": "01:05:20", "text": "Uh this trend line is for the regular"}, {"start": "01:05:18", "end": "01:05:22", "text": "chart. I know I have all these different"}, {"start": "01:05:20", "end": "01:05:25", "text": "things. Uh let's see here. Yeah, this is"}, {"start": "01:05:22", "end": "01:05:28", "text": "$45. I mean, I want to say it's going to"}, {"start": "01:05:25", "end": "01:05:30", "text": "come back to 45 $46,"}, {"start": "01:05:28", "end": "01:05:32", "text": "but when you have these ETFs just going"}, {"start": "01:05:30", "end": "01:05:34", "text": "crazy, it's it's hard to predict. It's"}, {"start": "01:05:32", "end": "01:05:35", "text": "really really hard to predict. And you"}, {"start": "01:05:34", "end": "01:05:37", "text": "have people like Arthur Hayes saying"}, {"start": "01:05:35", "end": "01:05:39", "text": "it's going to do a 20x, which he's"}, {"start": "01:05:37", "end": "01:05:41", "text": "always wrong when he makes those"}, {"start": "01:05:39", "end": "01:05:42", "text": "predictions. He said it about Zcash. He"}, {"start": "01:05:41", "end": "01:05:44", "text": "said it about this and that. Said it"}, {"start": "01:05:42", "end": "01:05:46", "text": "about Bitcoin in the past. He's always"}, {"start": "01:05:44", "end": "01:05:48", "text": "wrong, but people will follow him"}, {"start": "01:05:46", "end": "01:05:50", "text": "blindly into the into the darkness"}, {"start": "01:05:48", "end": "01:05:53", "text": "there."}, {"start": "01:05:50", "end": "01:05:55", "text": ">> I I trust me, I I hate buying at $60. I"}, {"start": "01:05:53", "end": "01:05:57", "text": "bought some today at $60. My average is"}, {"start": "01:05:55", "end": "01:05:59", "text": "still in the 30s, but really I was just"}, {"start": "01:05:57", "end": "01:06:01", "text": "selling a dead altcoin. Like, what do I"}, {"start": "01:05:59", "end": "01:06:02", "text": "do with this? It's either Bitcoin or"}, {"start": "01:06:01", "end": "01:06:05", "text": "hype. I want more hype."}, {"start": "01:06:02", "end": "01:06:09", "text": ">> Yeah. Yeah. Are there I mean, the whole"}, {"start": "01:06:05", "end": "01:06:11", "text": "Athena thing, you know, just like I"}, {"start": "01:06:09", "end": "01:06:13", "text": "think you like bought Athena and sold at"}, {"start": "01:06:11", "end": "01:06:16", "text": "a loss and bought more just back and"}, {"start": "01:06:13", "end": "01:06:18", "text": "forth. Um, you know, I don't take his I"}, {"start": "01:06:16", "end": "01:06:20", "text": "don't take any of his advice. And maybe,"}, {"start": "01:06:18", "end": "01:06:23", "text": "you know, I'm being a a jerk off, but I"}, {"start": "01:06:20", "end": "01:06:25", "text": "don't care about, you know, the glow up"}, {"start": "01:06:23", "end": "01:06:26", "text": "of, oh, I get an interview with him. I"}, {"start": "01:06:25", "end": "01:06:30", "text": "don't care. Like, I think his calls have"}, {"start": "01:06:26", "end": "01:06:32", "text": "been trashed. So, you know, I'm kind of"}, {"start": "01:06:30", "end": "01:06:35", "text": "kind of bearish. Like, maybe that's a"}, {"start": "01:06:32", "end": "01:06:36", "text": "short-term uh correction signal, but"}, {"start": "01:06:35", "end": "01:06:37", "text": "we'll see how it plays out. We'll see"}, {"start": "01:06:36", "end": "01:06:39", "text": "how it plays out."}, {"start": "01:06:37", "end": "01:06:41", "text": ">> All right. Uh I'm going to close my"}, {"start": "01:06:39", "end": "01:06:42", "text": "Bitcoin long, everybody. I did have a"}, {"start": "01:06:41", "end": "01:06:45", "text": "long. I put in an entry."}, {"start": "01:06:42", "end": "01:06:48", "text": ">> Uh I had a a short entry at like 75 and"}, {"start": "01:06:45", "end": "01:06:50", "text": "then 747. It wicked down into my area,"}, {"start": "01:06:48", "end": "01:06:54", "text": "opened the long. So, I'm gonna go ahead"}, {"start": "01:06:50", "end": "01:06:56", "text": "and close that 747. Whoa, Drew, I caught"}, {"start": "01:06:54", "end": "01:06:57", "text": "the freaking bottom."}, {"start": "01:06:56", "end": "01:06:58", "text": ">> What?"}, {"start": "01:06:57", "end": "01:06:59", "text": ">> Jeez."}, {"start": "01:06:58", "end": "01:07:00", "text": ">> Now, I had an earlier entry. That's why"}, {"start": "01:06:59", "end": "01:07:02", "text": "my entry was a little bit higher. So, I"}, {"start": "01:07:00", "end": "01:07:04", "text": "did about 25% of my trade."}, {"start": "01:07:02", "end": "01:07:06", "text": ">> The limit order, was it?"}, {"start": "01:07:04", "end": "01:07:08", "text": ">> Uh, I did a market order with a limit"}, {"start": "01:07:06", "end": "01:07:09", "text": "order below because I felt like it was"}, {"start": "01:07:08", "end": "01:07:11", "text": "going to go a little bit lower."}, {"start": "01:07:09", "end": "01:07:12", "text": ">> Nice, dude. Good stuff. Yeah, I'm"}, {"start": "01:07:11", "end": "01:07:15", "text": "excited to get tra I'm going to do the"}, {"start": "01:07:12", "end": "01:07:16", "text": "1K to 10K challenge. Someone in the chat"}, {"start": "01:07:15", "end": "01:07:18", "text": "brought up I should do that yesterday."}, {"start": "01:07:16", "end": "01:07:20", "text": "So, I'm going to take you up on that and"}, {"start": "01:07:18", "end": "01:07:21", "text": "uh I'll go live with that at about 1:30"}, {"start": "01:07:20", "end": "01:07:23", "text": "today. So,"}, {"start": "01:07:21", "end": "01:07:25", "text": ">> it looked different earlier uh because"}, {"start": "01:07:23", "end": "01:07:27", "text": "we have hit that level and it's cleared"}, {"start": "01:07:25", "end": "01:07:30", "text": "some of the yellowess. I was really just"}, {"start": "01:07:27", "end": "01:07:32", "text": "using the liquidation heat map"}, {"start": "01:07:30", "end": "01:07:33", "text": "coming in."}, {"start": "01:07:32", "end": "01:07:36", "text": ">> I've stirred up something. Everyone's"}, {"start": "01:07:33", "end": "01:07:38", "text": "calling him a chiller of bags. Oh lord,"}, {"start": "01:07:36", "end": "01:07:39", "text": "what have I done? Chat's going to go"}, {"start": "01:07:38", "end": "01:07:40", "text": "nuts with this one."}, {"start": "01:07:39", "end": "01:07:42", "text": ">> All right, everybody. Well, smash that"}, {"start": "01:07:40", "end": "01:07:43", "text": "like button on the way out. Uh, we're"}, {"start": "01:07:42", "end": "01:07:45", "text": "going to have a special live show"}, {"start": "01:07:43", "end": "01:07:46", "text": "tomorrow. That's all I'm going to say."}, {"start": "01:07:45", "end": "01:07:49", "text": "And I'm gonna work on a video. I might"}, {"start": "01:07:46", "end": "01:07:51", "text": "try to put out some this weekend. When"}, {"start": "01:07:49", "end": "01:07:53", "text": "will the bare market end for Bitcoin?"}, {"start": "01:07:51", "end": "01:07:55", "text": "Not where, not the dollar amount, but"}, {"start": "01:07:53", "end": "01:07:57", "text": "the day."}, {"start": "01:07:55", "end": "01:07:58", "text": ">> I think I think that's where some uh"}, {"start": "01:07:57", "end": "01:08:00", "text": "some extra insight. Folks, hit the like"}, {"start": "01:07:58", "end": "01:08:01", "text": "button on the way out. We really do"}, {"start": "01:08:00", "end": "01:08:02", "text": "appreciate it when you hit the like"}, {"start": "01:08:01", "end": "01:08:04", "text": "button. If you're not subscribed, make"}, {"start": "01:08:02", "end": "01:08:05", "text": "sure you subscribe. Turn on those"}, {"start": "01:08:04", "end": "01:08:08", "text": "notifications. And we now have a new"}, {"start": "01:08:05", "end": "01:08:10", "text": "thing on our channel called community."}, {"start": "01:08:08", "end": "01:08:11", "text": "And let me get it off phase here. Here."}, {"start": "01:08:10", "end": "01:08:12", "text": "I was I was going to show them real"}, {"start": "01:08:11", "end": "01:08:13", "text": "quick, Drew."}, {"start": "01:08:12", "end": "01:08:16", "text": ">> Yeah. This is where our community can"}, {"start": "01:08:13", "end": "01:08:17", "text": "kind of uh post in our community"}, {"start": "01:08:16", "end": "01:08:18", "text": "directly and like"}, {"start": "01:08:17", "end": "01:08:19", "text": ">> right here."}, {"start": "01:08:18", "end": "01:08:21", "text": ">> This tab right there."}, {"start": "01:08:19", "end": "01:08:23", "text": ">> Yeah. You have to subscribe to the"}, {"start": "01:08:21", "end": "01:08:24", "text": "channel to be able to post in the"}, {"start": "01:08:23", "end": "01:08:26", "text": "community. I think you have to be on"}, {"start": "01:08:24", "end": "01:08:28", "text": "there for like one day, but we just"}, {"start": "01:08:26", "end": "01:08:30", "text": "rediscovered this. So, go in there, give"}, {"start": "01:08:28", "end": "01:08:31", "text": "us your votes, and uh start posting"}, {"start": "01:08:30", "end": "01:08:32", "text": "what's on your mind."}, {"start": "01:08:31", "end": "01:08:35", "text": ">> This is a tough question."}, {"start": "01:08:32", "end": "01:08:36", "text": ">> Yeah. Is crypto bare market over? What"}, {"start": "01:08:35", "end": "01:08:37", "text": "are you going to vote?"}, {"start": "01:08:36", "end": "01:08:39", "text": ">> I'm not going to vote because I'll"}, {"start": "01:08:37", "end": "01:08:40", "text": "reveal the results. You got to vote to"}, {"start": "01:08:39", "end": "01:08:41", "text": "see the results yourself, folks. Hit the"}, {"start": "01:08:40", "end": "01:08:43", "text": "like button on the way out. We"}, {"start": "01:08:41", "end": "01:08:45", "text": "appreciate it. We're going to get some"}, {"start": "01:08:43", "end": "01:08:46", "text": "trades on. We just wanted to take a"}, {"start": "01:08:45", "end": "01:08:48", "text": "quick second to shout out our sponsor,"}, {"start": "01:08:46", "end": "01:08:50", "text": "Arculus. They are a cold storage"}, {"start": "01:08:48", "end": "01:08:51", "text": "hardware wallet. Helps you secure all of"}, {"start": "01:08:50", "end": "01:08:53", "text": "your digital assets for the future. Just"}, {"start": "01:08:51", "end": "01:08:54", "text": "tap this thing to the back of your phone"}, {"start": "01:08:53", "end": "01:08:56", "text": "and boom, you're in. We wouldn't be able"}, {"start": "01:08:54", "end": "01:08:58", "text": "to do this without them, but also"}, {"start": "01:08:56", "end": "01:09:00", "text": "wouldn't be able to do this without you"}, {"start": "01:08:58", "end": "01:09:01", "text": "guys, the Disco Fam. You've supported us"}, {"start": "01:09:00", "end": "01:09:03", "text": "a lot over the years. If you want to"}, {"start": "01:09:01", "end": "01:09:06", "text": "support the channel now, just use the"}, {"start": "01:09:03", "end": "01:09:08", "text": "code DC20. It gets you 20% off this"}, {"start": "01:09:06", "end": "01:09:09", "text": "card. It's the number one way you can"}, {"start": "01:09:08", "end": "01:09:11", "text": "support this channel going forward."}, {"start": "01:09:09", "end": "01:09:14", "text": "Thank you for your support. We'll see"}, {"start": "01:09:11", "end": "01:09:14", "text": "you at the top."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "What are the best altcoins? And if I had"}, {"start": "00:00:02", "end": "00:00:06", "text": "$1,000 to put in my portfolio, which"}, {"start": "00:00:04", "end": "00:00:08", "text": "altcoins would I buy? And what"}, {"start": "00:00:06", "end": "00:00:10", "text": "percentage of each altcoin would make up"}, {"start": "00:00:08", "end": "00:00:11", "text": "my portfolio? So, in today's video,"}, {"start": "00:00:10", "end": "00:00:12", "text": "we're going to reveal the five different"}, {"start": "00:00:11", "end": "00:00:14", "text": "altcoins, and I'm going to break down"}, {"start": "00:00:12", "end": "00:00:16", "text": "each percentage. Now, the orange and the"}, {"start": "00:00:14", "end": "00:00:18", "text": "green are going to be 15% a piece. The"}, {"start": "00:00:16", "end": "00:00:20", "text": "yellow and the red are going to be 20%."}, {"start": "00:00:18", "end": "00:00:22", "text": "And then the final altcoin is the"}, {"start": "00:00:20", "end": "00:00:24", "text": "altcoin I would put 30% of my portfolio"}, {"start": "00:00:22", "end": "00:00:27", "text": "in. Now, the first one we're going to"}, {"start": "00:00:24", "end": "00:00:28", "text": "reveal is Bit Tensor, coming in at 15%."}, {"start": "00:00:27", "end": "00:00:30", "text": "And I have a couple updates for the"}, {"start": "00:00:28", "end": "00:00:32", "text": "charts. Now, right now, Bit Tensor is"}, {"start": "00:00:30", "end": "00:00:34", "text": "trading in this wedge pattern, and I'm"}, {"start": "00:00:32", "end": "00:00:36", "text": "looking at the top trend line. If we're"}, {"start": "00:00:34", "end": "00:00:39", "text": "able to flip this top trend line, I"}, {"start": "00:00:36", "end": "00:00:42", "text": "think we're going to see a $482 to $495"}, {"start": "00:00:39", "end": "00:00:44", "text": "Bit Tensor. Now, looking at 482, you"}, {"start": "00:00:42", "end": "00:00:46", "text": "just see this is kind of where we were"}, {"start": "00:00:44", "end": "00:00:48", "text": "rejecting recently. And you can see this"}, {"start": "00:00:46", "end": "00:00:49", "text": "is the area that right there was"}, {"start": "00:00:48", "end": "00:00:51", "text": "actually one of the first places it"}, {"start": "00:00:49", "end": "00:00:53", "text": "rejected, slowed down, acted as support"}, {"start": "00:00:51", "end": "00:00:56", "text": "right here all the way back in April of"}, {"start": "00:00:53", "end": "00:00:58", "text": "2024. And I like 495 for the top part of"}, {"start": "00:00:56", "end": "00:01:00", "text": "this range as well. And 495 is going to"}, {"start": "00:00:58", "end": "00:01:02", "text": "be the top of the candle bodies right"}, {"start": "00:01:00", "end": "00:01:04", "text": "there and the top part of the wicks that"}, {"start": "00:01:02", "end": "00:01:06", "text": "we saw right here. This is January of"}, {"start": "00:01:04", "end": "00:01:08", "text": "2025. Now watch this 200 day moving"}, {"start": "00:01:06", "end": "00:01:10", "text": "average. It is the blue line. Right now"}, {"start": "00:01:08", "end": "00:01:12", "text": "we are trying to flip this 200 day"}, {"start": "00:01:10", "end": "00:01:14", "text": "moving average into support which bodess"}, {"start": "00:01:12", "end": "00:01:16", "text": "pretty well for the bulls right here."}, {"start": "00:01:14", "end": "00:01:17", "text": "But now let's talk about support at the"}, {"start": "00:01:16", "end": "00:01:20", "text": "log chart parallel. So for that we need"}, {"start": "00:01:17", "end": "00:01:22", "text": "to switch to the logarithmic chart. We"}, {"start": "00:01:20", "end": "00:01:24", "text": "need to throw up this parallel range."}, {"start": "00:01:22", "end": "00:01:25", "text": "And now let's zoom out. So I'm going to"}, {"start": "00:01:24", "end": "00:01:27", "text": "move this out of the way. Now look at"}, {"start": "00:01:25", "end": "00:01:29", "text": "this range. So, this is all the way back"}, {"start": "00:01:27", "end": "00:01:32", "text": "at January 24. The bottom part of the"}, {"start": "00:01:29", "end": "00:01:34", "text": "range started at $225,"}, {"start": "00:01:32", "end": "00:01:36", "text": "but then we went to the top, revisited"}, {"start": "00:01:34", "end": "00:01:39", "text": "the bottom, went to the top, revisited"}, {"start": "00:01:36", "end": "00:01:40", "text": "the bottom, went to the top, revisited"}, {"start": "00:01:39", "end": "00:01:43", "text": "the bottom. Normally, I don't use log"}, {"start": "00:01:40", "end": "00:01:46", "text": "charts all that often, but this to me is"}, {"start": "00:01:43", "end": "00:01:48", "text": "looking very, very strong. And you can"}, {"start": "00:01:46", "end": "00:01:50", "text": "see the support right here. The top part"}, {"start": "00:01:48", "end": "00:01:52", "text": "of this parallel range going to put it"}, {"start": "00:01:50", "end": "00:01:54", "text": "at about $477."}, {"start": "00:01:52", "end": "00:01:56", "text": "All right, let's go to coin number two."}, {"start": "00:01:54", "end": "00:01:59", "text": "And that is going to be a mixture."}, {"start": "00:01:56", "end": "00:02:02", "text": "Salana or Cardono. I just did want to"}, {"start": "00:01:59", "end": "00:02:04", "text": "put in a top 10 strong L1. So, first"}, {"start": "00:02:02", "end": "00:02:05", "text": "chart I want to show is Salana. Salana"}, {"start": "00:02:04", "end": "00:02:07", "text": "on the chart doesn't look all that"}, {"start": "00:02:05", "end": "00:02:09", "text": "great. We actually lost support of this"}, {"start": "00:02:07", "end": "00:02:12", "text": "parallel range. And now we could be"}, {"start": "00:02:09", "end": "00:02:14", "text": "potentially revisiting this $78 range."}, {"start": "00:02:12", "end": "00:02:16", "text": "$78 is going to be the bottom of the"}, {"start": "00:02:14", "end": "00:02:18", "text": "wicks right here, the bottom of the"}, {"start": "00:02:16", "end": "00:02:20", "text": "candle bodies. And we can go back to"}, {"start": "00:02:18", "end": "00:02:23", "text": "2023. You can see this acted as"}, {"start": "00:02:20", "end": "00:02:25", "text": "resistance in December of 2023. And you"}, {"start": "00:02:23", "end": "00:02:28", "text": "can see that it acted as support in"}, {"start": "00:02:25", "end": "00:02:31", "text": "March of 2022 and also was resistance in"}, {"start": "00:02:28", "end": "00:02:33", "text": "August of 21. So $78 has long been a"}, {"start": "00:02:31", "end": "00:02:35", "text": "line in the sand for Salana. If we"}, {"start": "00:02:33", "end": "00:02:37", "text": "continue to break down, I like entries"}, {"start": "00:02:35", "end": "00:02:40", "text": "at the $78 mark. Looking at Cardono,"}, {"start": "00:02:37", "end": "00:02:42", "text": "Cardano SM also very, very strong"}, {"start": "00:02:40", "end": "00:02:46", "text": "support. This is the exact support level"}, {"start": "00:02:42", "end": "00:02:48", "text": "that helped Cardano bounce 90% and 200%"}, {"start": "00:02:46", "end": "00:02:51", "text": "in the past. This is the 90% pump right"}, {"start": "00:02:48", "end": "00:02:53", "text": "here. And this is the 200% pump. That's"}, {"start": "00:02:51", "end": "00:02:57", "text": "right here. And we revisited this back"}, {"start": "00:02:53", "end": "00:02:58", "text": "in 22 and 23 and now we're at this same"}, {"start": "00:02:57", "end": "00:03:01", "text": "level right now. Now we can zoom in all"}, {"start": "00:02:58", "end": "00:03:03", "text": "the way to the 4 hour and you can see"}, {"start": "00:03:01", "end": "00:03:05", "text": "this has been acting as some pretty"}, {"start": "00:03:03", "end": "00:03:07", "text": "strong support. Tried to dip below but"}, {"start": "00:03:05", "end": "00:03:09", "text": "we actually found support at this trend"}, {"start": "00:03:07", "end": "00:03:11", "text": "line. I gave you this trend line. I"}, {"start": "00:03:09", "end": "00:03:13", "text": "missed the trade. I didn't trade this."}, {"start": "00:03:11", "end": "00:03:15", "text": "This was happening uh Saturday evening."}, {"start": "00:03:13", "end": "00:03:17", "text": "Now I missed the trade. I didn't catch"}, {"start": "00:03:15", "end": "00:03:18", "text": "this trade. This was happening Friday"}, {"start": "00:03:17", "end": "00:03:20", "text": "evening, Saturday morning like 4:00"}, {"start": "00:03:18", "end": "00:03:23", "text": "a.m., but came down to our level,"}, {"start": "00:03:20", "end": "00:03:25", "text": "bounced, and right now it is holding on"}, {"start": "00:03:23", "end": "00:03:26", "text": "for dear life. So now, if we do lose"}, {"start": "00:03:25", "end": "00:03:28", "text": "this range, I like support at the this"}, {"start": "00:03:26", "end": "00:03:31", "text": "white trend line right here. So that's"}, {"start": "00:03:28", "end": "00:03:33", "text": "what I'm looking at for the next 15%"}, {"start": "00:03:31", "end": "00:03:35", "text": "allocation. What's the first 20%"}, {"start": "00:03:33", "end": "00:03:37", "text": "allocation? Ethereum. Now, almost"}, {"start": "00:03:35", "end": "00:03:39", "text": "hesitate on Ethereum, but Ethereum at"}, {"start": "00:03:37", "end": "00:03:41", "text": "the end of the day is still more than"}, {"start": "00:03:39", "end": "00:03:44", "text": "half of all tokenized assets. That's"}, {"start": "00:03:41", "end": "00:03:47", "text": "RWAS. If you look at stable coins right"}, {"start": "00:03:44", "end": "00:03:50", "text": "now, ETH for USDC, it is still the vast"}, {"start": "00:03:47", "end": "00:03:53", "text": "majority here. You can see Ethereum is"}, {"start": "00:03:50", "end": "00:03:55", "text": "making at $49 billion worth of USDC."}, {"start": "00:03:53", "end": "00:03:58", "text": "Next to Salana, it's only 7.4. Now,"}, {"start": "00:03:55", "end": "00:04:00", "text": "Tether is a little closer to 50/50 with"}, {"start": "00:03:58", "end": "00:04:02", "text": "Tron, but it dominates USDC. It"}, {"start": "00:04:00", "end": "00:04:04", "text": "dominates stable coin when you aggregate"}, {"start": "00:04:02", "end": "00:04:06", "text": "everything and it dominates real world"}, {"start": "00:04:04", "end": "00:04:08", "text": "assets. But what about the charts? Are"}, {"start": "00:04:06", "end": "00:04:11", "text": "the charts dominating? Charts are not"}, {"start": "00:04:08", "end": "00:04:13", "text": "dominating. We also lost the parallel"}, {"start": "00:04:11", "end": "00:04:15", "text": "range. So, this we actually have to"}, {"start": "00:04:13", "end": "00:04:17", "text": "extend it. Haven't even gone far enough"}, {"start": "00:04:15", "end": "00:04:19", "text": "here yet."}, {"start": "00:04:17", "end": "00:04:21", "text": "And you can see we hit the top, we hit"}, {"start": "00:04:19", "end": "00:04:23", "text": "the bottom, and you just keep extending"}, {"start": "00:04:21", "end": "00:04:25", "text": "this. Right now, we're looking at the"}, {"start": "00:04:23", "end": "00:04:27", "text": "support of 2062. I gave you this gave"}, {"start": "00:04:25", "end": "00:04:29", "text": "you this a while back. This is just what"}, {"start": "00:04:27", "end": "00:04:32", "text": "we saw. You can see it a lot better on"}, {"start": "00:04:29", "end": "00:04:35", "text": "the daily. You see that wick right there"}, {"start": "00:04:32", "end": "00:04:37", "text": "gave us this area. Boom, boom, boom."}, {"start": "00:04:35", "end": "00:04:39", "text": "This is exactly where we hit. If we go"}, {"start": "00:04:37", "end": "00:04:41", "text": "back to the 4 hour, you can see, you"}, {"start": "00:04:39", "end": "00:04:43", "text": "know, just very, very clean bounce right"}, {"start": "00:04:41", "end": "00:04:44", "text": "here. Kind of acted as support for a"}, {"start": "00:04:43", "end": "00:04:46", "text": "short amount of period. Acted as"}, {"start": "00:04:44", "end": "00:04:49", "text": "resistance. Another just clean bounce"}, {"start": "00:04:46", "end": "00:04:51", "text": "right there at 262. We might be coming"}, {"start": "00:04:49", "end": "00:04:53", "text": "back down to 262, but I I do like an"}, {"start": "00:04:51", "end": "00:04:55", "text": "entry, but ETH really really needs to"}, {"start": "00:04:53", "end": "00:04:57", "text": "get back in this range. Now, there is an"}, {"start": "00:04:55", "end": "00:05:00", "text": "update. There's a bare flag. We do have"}, {"start": "00:04:57", "end": "00:05:02", "text": "a bare flag. Let's cut to the daily. The"}, {"start": "00:05:00", "end": "00:05:04", "text": "good news is this is more of a bare"}, {"start": "00:05:02", "end": "00:05:07", "text": "penant, not a bare flag. The difference"}, {"start": "00:05:04", "end": "00:05:09", "text": "between the two bare penants have a"}, {"start": "00:05:07", "end": "00:05:11", "text": "lower probability to break to the"}, {"start": "00:05:09", "end": "00:05:13", "text": "downside or in a in an uptrend, you"}, {"start": "00:05:11", "end": "00:05:15", "text": "know, break to the upside if it's a bull"}, {"start": "00:05:13", "end": "00:05:17", "text": "flag or bull penant. So, the bare"}, {"start": "00:05:15", "end": "00:05:19", "text": "penant, it's not exactly, you know, the"}, {"start": "00:05:17", "end": "00:05:22", "text": "62 72% chance that you see to the"}, {"start": "00:05:19", "end": "00:05:25", "text": "downside. It is closer to a 50/50, but"}, {"start": "00:05:22", "end": "00:05:27", "text": "we do have a target. It's a scary"}, {"start": "00:05:25", "end": "00:05:29", "text": "target. Part of the reason it's so"}, {"start": "00:05:27", "end": "00:05:32", "text": "scary. It's revisiting these wick lows."}, {"start": "00:05:29", "end": "00:05:34", "text": "So, we might see an $1,800 ETH. We lose"}, {"start": "00:05:32", "end": "00:05:37", "text": "this range. If we lose 262, I would kind"}, {"start": "00:05:34", "end": "00:05:39", "text": "of maybe wait to till we get below this"}, {"start": "00:05:37", "end": "00:05:41", "text": "1850 at least. All right, let's go to"}, {"start": "00:05:39", "end": "00:05:44", "text": "the next coin. What do we have? Next"}, {"start": "00:05:41", "end": "00:05:45", "text": "20enter. Chain link. That's right. You"}, {"start": "00:05:44", "end": "00:05:47", "text": "got to love some chain link. Where are"}, {"start": "00:05:45", "end": "00:05:50", "text": "my link marines? Let me know if you're"}, {"start": "00:05:47", "end": "00:05:52", "text": "down below here. Now, if Bitcoin or the"}, {"start": "00:05:50", "end": "00:05:53", "text": "stock market rolls over, look for the"}, {"start": "00:05:52", "end": "00:05:56", "text": "bottom of this range. You know, if we"}, {"start": "00:05:53", "end": "00:05:59", "text": "see some red candles in Bitcoin, I do"}, {"start": "00:05:56", "end": "00:06:00", "text": "expect an $8.58 chain link. That's the"}, {"start": "00:05:59", "end": "00:06:02", "text": "level I'm going to be probably acquiring"}, {"start": "00:06:00", "end": "00:06:04", "text": "more. I haven't bought more chain link"}, {"start": "00:06:02", "end": "00:06:06", "text": "in forever. That's probably what what"}, {"start": "00:06:04", "end": "00:06:08", "text": "I'll be looking at. But we also have"}, {"start": "00:06:06", "end": "00:06:11", "text": "this bare flag. I consider this very"}, {"start": "00:06:08", "end": "00:06:14", "text": "unlikely. You move this. I mean that"}, {"start": "00:06:11", "end": "00:06:16", "text": "that is a very that's $4. That's close"}, {"start": "00:06:14", "end": "00:06:19", "text": "to a $420 chain link. I don't think the"}, {"start": "00:06:16", "end": "00:06:21", "text": "bare flag can play out personally, but"}, {"start": "00:06:19", "end": "00:06:23", "text": "the problem is this one did. I mean, if"}, {"start": "00:06:21", "end": "00:06:25", "text": "we move this right there, that's that's"}, {"start": "00:06:23", "end": "00:06:28", "text": "exactly where we ended up wicking to."}, {"start": "00:06:25", "end": "00:06:29", "text": "So, this bare flag played out. I am a"}, {"start": "00:06:28", "end": "00:06:32", "text": "little bit worried about this one. But"}, {"start": "00:06:29", "end": "00:06:34", "text": "again, just $4 seems too low for me for"}, {"start": "00:06:32", "end": "00:06:36", "text": "chain link. So, right now, Chainlink,"}, {"start": "00:06:34", "end": "00:06:38", "text": "like a lot of altcoins, just stuck in"}, {"start": "00:06:36", "end": "00:06:40", "text": "the range. All right, here we go. It's"}, {"start": "00:06:38", "end": "00:06:41", "text": "probably not a surprise. You've been"}, {"start": "00:06:40", "end": "00:06:43", "text": "watching the channel, watching live"}, {"start": "00:06:41", "end": "00:06:45", "text": "streams, we're bullish on Hyperlid. I"}, {"start": "00:06:43", "end": "00:06:47", "text": "think you need to have Hyperlid as your"}, {"start": "00:06:45", "end": "00:06:48", "text": "largest altcoin allocation. That's"}, {"start": "00:06:47", "end": "00:06:50", "text": "right. More than Cardano, more than"}, {"start": "00:06:48", "end": "00:06:52", "text": "Chain Link, more than Ethereum, more"}, {"start": "00:06:50", "end": "00:06:54", "text": "than all of them. And Hype is just"}, {"start": "00:06:52", "end": "00:06:57", "text": "looking really good. Now, first thing,"}, {"start": "00:06:54", "end": "00:06:59", "text": "watch this trend line. This is the the"}, {"start": "00:06:57", "end": "00:07:01", "text": "log chart. So let's go to the regular."}, {"start": "00:06:59", "end": "00:07:02", "text": "You can see the regular chart here. So"}, {"start": "00:07:01", "end": "00:07:05", "text": "looking at the top here. Looking at the"}, {"start": "00:07:02", "end": "00:07:08", "text": "top here. This is where we are rejecting"}, {"start": "00:07:05", "end": "00:07:09", "text": "1 2 3 4 now five candles in a row. We"}, {"start": "00:07:08", "end": "00:07:12", "text": "were trying to get past this area. Have"}, {"start": "00:07:09", "end": "00:07:15", "text": "not been able to. Number two though"}, {"start": "00:07:12", "end": "00:07:17", "text": "daily RSI is not near the all-time high."}, {"start": "00:07:15", "end": "00:07:19", "text": "This to me says there could be more room"}, {"start": "00:07:17", "end": "00:07:22", "text": "to the upside. This is saying this is"}, {"start": "00:07:19", "end": "00:07:24", "text": "higher. Prices are potentially on the"}, {"start": "00:07:22", "end": "00:07:27", "text": "table here. You see the RSI topped out"}, {"start": "00:07:24", "end": "00:07:29", "text": "there. RSI topped out there. The RSI"}, {"start": "00:07:27", "end": "00:07:32", "text": "topped out. the price was 40 bucks, it"}, {"start": "00:07:29", "end": "00:07:35", "text": "would go up another 50%. As it continued"}, {"start": "00:07:32", "end": "00:07:38", "text": "to print bare divs. So, we might see a"}, {"start": "00:07:35", "end": "00:07:40", "text": "similar situation. I am not saying this"}, {"start": "00:07:38", "end": "00:07:42", "text": "is super bearish just yet with the hot"}, {"start": "00:07:40", "end": "00:07:44", "text": "altcoin like Hyperlid. And I would say"}, {"start": "00:07:42", "end": "00:07:46", "text": "watch to retest the middle of the log"}, {"start": "00:07:44", "end": "00:07:48", "text": "parallel range. So, let's pull up the"}, {"start": "00:07:46", "end": "00:07:50", "text": "parallel range. Let's throw on the log"}, {"start": "00:07:48", "end": "00:07:53", "text": "chart."}, {"start": "00:07:50", "end": "00:07:55", "text": "And if we come back down, I think we're"}, {"start": "00:07:53", "end": "00:07:57", "text": "going to come back down to this blue"}, {"start": "00:07:55", "end": "00:08:00", "text": "dotted line, which would be roughly"}, {"start": "00:07:57", "end": "00:08:02", "text": "around $46. You see, you know, we came"}, {"start": "00:08:00", "end": "00:08:04", "text": "down, retested the scene of the crime,"}, {"start": "00:08:02", "end": "00:08:07", "text": "popped up, it acted as resistance,"}, {"start": "00:08:04", "end": "00:08:10", "text": "touched the bottom, acted as resistance,"}, {"start": "00:08:07", "end": "00:08:12", "text": "tried to climb up, acted as resistance,"}, {"start": "00:08:10", "end": "00:08:14", "text": "and so I wouldn't be surprised if this"}, {"start": "00:08:12", "end": "00:08:16", "text": "now acted as support. But if we can pump"}, {"start": "00:08:14", "end": "00:08:18", "text": "to the top, you're looking at a $80"}, {"start": "00:08:16", "end": "00:08:20", "text": "hyperlid. And if you're wondering, why"}, {"start": "00:08:18", "end": "00:08:23", "text": "am I so bullish on this altcoin? It is"}, {"start": "00:08:20", "end": "00:08:25", "text": "the top deflationary altcoin. They are"}, {"start": "00:08:23", "end": "00:08:28", "text": "doing token buybacks. They are burning"}, {"start": "00:08:25", "end": "00:08:29", "text": "the token. You can see the price isn't"}, {"start": "00:08:28", "end": "00:08:31", "text": "even where, you know, we're we're an"}, {"start": "00:08:29", "end": "00:08:33", "text": "all-time high, but the market cap is"}, {"start": "00:08:31", "end": "00:08:35", "text": "actually lower than where we were in"}, {"start": "00:08:33", "end": "00:08:38", "text": "July. So, the market cap was all-time"}, {"start": "00:08:35", "end": "00:08:40", "text": "high in July, even though the token"}, {"start": "00:08:38", "end": "00:08:43", "text": "wasn't at an all-time high in July. It"}, {"start": "00:08:40", "end": "00:08:45", "text": "was trading for less than $50. So, this"}, {"start": "00:08:43", "end": "00:08:47", "text": "is the power of a deflationary token."}, {"start": "00:08:45", "end": "00:08:49", "text": "The market cap can stay the same, but"}, {"start": "00:08:47", "end": "00:08:51", "text": "the price is going to keep going higher"}, {"start": "00:08:49", "end": "00:08:52", "text": "as long as they keep burning tokens. So,"}, {"start": "00:08:51", "end": "00:08:54", "text": "there you go, folks. There is my"}, {"start": "00:08:52", "end": "00:08:57", "text": "portfolio breakdown. If you only had"}, {"start": "00:08:54", "end": "00:08:59", "text": "$1,000 in crypto, really like these"}, {"start": "00:08:57", "end": "00:09:02", "text": "five6 projects. I don't know if you need"}, {"start": "00:08:59", "end": "00:09:04", "text": "Salana and Cardano. I do hold both. You"}, {"start": "00:09:02", "end": "00:09:06", "text": "probably hold both as well, but Hyperlid"}, {"start": "00:09:04", "end": "00:09:08", "text": "is now actually my largest altcoin"}, {"start": "00:09:06", "end": "00:09:09", "text": "holding. And that's all I got, folks."}, {"start": "00:09:08", "end": "00:09:10", "text": "Make sure you hit the like button on the"}, {"start": "00:09:09", "end": "00:09:14", "text": "way out, and I'll see you in your top"}, {"start": "00:09:10", "end": "00:09:14", "text": "alts at the top."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Polymarket spoiled Survivor again. We"}, {"start": "00:00:02", "end": "00:00:05", "text": "saw it in season 50, we saw it in 49,"}, {"start": "00:00:04", "end": "00:00:07", "text": "and honestly, this just looks like"}, {"start": "00:00:05", "end": "00:00:09", "text": "inside trading to me. Before the first"}, {"start": "00:00:07", "end": "00:00:11", "text": "episode ever aired for season 50, Aubrey"}, {"start": "00:00:09", "end": "00:00:13", "text": "was the clear favorite. The first"}, {"start": "00:00:11", "end": "00:00:14", "text": "episode of season 50 premiered at the"}, {"start": "00:00:13", "end": "00:00:17", "text": "end of February, but the winner was"}, {"start": "00:00:14", "end": "00:00:18", "text": "known as early as January 20th. So, even"}, {"start": "00:00:17", "end": "00:00:20", "text": "before the episode aired, you already"}, {"start": "00:00:18", "end": "00:00:22", "text": "knew who won. And the same thing"}, {"start": "00:00:20", "end": "00:00:24", "text": "happened with season 49 with Savannah."}, {"start": "00:00:22", "end": "00:00:27", "text": "At this point, Polymarket and Kalshi"}, {"start": "00:00:24", "end": "00:00:27", "text": "should just remove Survivor."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "How can you?"}, {"start": "00:00:01", "end": "00:00:06", "text": ">> Which one's the best crypto asset? A"}, {"start": "00:00:04", "end": "00:00:09", "text": "best crypto asset. Which one's the best"}, {"start": "00:00:06", "end": "00:00:12", "text": "crypto asset? A best crypto asset. Which"}, {"start": "00:00:09", "end": "00:00:15", "text": "one the best? Which one? Which one the"}, {"start": "00:00:12", "end": "00:00:17", "text": "best? Which one? Which one? Which one?"}, {"start": "00:00:15", "end": "00:00:21", "text": "Which one's the best? Which one? Which"}, {"start": "00:00:17", "end": "00:00:23", "text": "one? Which one? Which one? Which one?"}, {"start": "00:00:21", "end": "00:00:27", "text": "Which one? Which one?"}, {"start": "00:00:23", "end": "00:00:27", "text": "What's the second best?"}, {"start": "00:00:31", "end": "00:00:36", "text": "36."}, {"start": "00:00:34", "end": "00:00:38", "text": ">> This is Discover Crypto and today we're"}, {"start": "00:00:36", "end": "00:00:39", "text": "talking about AI altcoins and we're"}, {"start": "00:00:38", "end": "00:00:41", "text": "going to look at the altcoins that we"}, {"start": "00:00:39", "end": "00:00:42", "text": "put on your radar. We're going to go"}, {"start": "00:00:41", "end": "00:00:43", "text": "into the chart. So, we gave you the"}, {"start": "00:00:42", "end": "00:00:45", "text": "warning. These coins are about to start"}, {"start": "00:00:43", "end": "00:00:47", "text": "pumping. And when you look at the"}, {"start": "00:00:45", "end": "00:00:49", "text": "Bitcoin chart, let's go ahead and cut to"}, {"start": "00:00:47", "end": "00:00:51", "text": "it on the five minute. We are pumping."}, {"start": "00:00:49", "end": "00:00:53", "text": "Seeing a nice little pump. I'm joined"}, {"start": "00:00:51", "end": "00:00:54", "text": "here by Drew."}, {"start": "00:00:53", "end": "00:00:56", "text": ">> Did you have a good Memorial Day?"}, {"start": "00:00:54", "end": "00:01:00", "text": ">> Dude, I had a really good Memorial Day."}, {"start": "00:00:56", "end": "00:01:03", "text": "a lot of uh work and a lot of battles"}, {"start": "00:01:00", "end": "00:01:04", "text": "with engines and my biggest dog, but"}, {"start": "00:01:03", "end": "00:01:06", "text": "other than that, it was a fantastic"}, {"start": "00:01:04", "end": "00:01:08", "text": "weekend, man. And happy Memorial Day."}, {"start": "00:01:06", "end": "00:01:10", "text": ">> Now, we did put out a special Memorial"}, {"start": "00:01:08", "end": "00:01:11", "text": "Day morning video. I put it out"}, {"start": "00:01:10", "end": "00:01:13", "text": "yesterday morning filmed about 8 a.m."}, {"start": "00:01:11", "end": "00:01:15", "text": "And I asked you guys, tell me what all"}, {"start": "00:01:13", "end": "00:01:17", "text": "coins you want us to chart. And I saw a"}, {"start": "00:01:15", "end": "00:01:18", "text": "lot of AVAC. I saw a lot of ADA. So,"}, {"start": "00:01:17", "end": "00:01:19", "text": "we're going to look at those charts as"}, {"start": "00:01:18", "end": "00:01:21", "text": "well. So, if you're holding some of"}, {"start": "00:01:19", "end": "00:01:24", "text": "that, stay tuned. Now, we are in some"}, {"start": "00:01:21", "end": "00:01:26", "text": "trades. I did open a trade on near. Uh"}, {"start": "00:01:24", "end": "00:01:28", "text": "this is the older hype trade. We are"}, {"start": "00:01:26", "end": "00:01:29", "text": "still up. I'm I'm going to go ahead and"}, {"start": "00:01:28", "end": "00:01:31", "text": "close this today, Drew. Yeah, close."}, {"start": "00:01:29", "end": "00:01:33", "text": ">> I'm I'm mostly closed. You know, I"}, {"start": "00:01:31", "end": "00:01:35", "text": "talked about this in yesterday's video,"}, {"start": "00:01:33", "end": "00:01:38", "text": "but we did open a near long and right"}, {"start": "00:01:35", "end": "00:01:41", "text": "now we're up about 52%. I just closed"}, {"start": "00:01:38", "end": "00:01:43", "text": "75% of this. And I might just close the"}, {"start": "00:01:41", "end": "00:01:45", "text": "remaining 25% during the live stream."}, {"start": "00:01:43", "end": "00:01:47", "text": "But let's hit refresh here. Let's look"}, {"start": "00:01:45", "end": "00:01:48", "text": "at Bitcoin. We're going to go to the 1"}, {"start": "00:01:47", "end": "00:01:51", "text": "hour. We're going to look at the daily"}, {"start": "00:01:48", "end": "00:01:53", "text": "and see where we in this parallel range."}, {"start": "00:01:51", "end": "00:01:55", "text": "Let's Oh, wow. Wait a minute. I was"}, {"start": "00:01:53", "end": "00:01:56", "text": "like, we're pumping this. Let's go to"}, {"start": "00:01:55", "end": "00:01:58", "text": "the one minute. Yeah. Yeah. We just"}, {"start": "00:01:56", "end": "00:01:59", "text": "started dump. We went live at 10:30 is"}, {"start": "00:01:58", "end": "00:02:00", "text": "10:33."}, {"start": "00:01:59", "end": "00:02:02", "text": ">> Right on the money."}, {"start": "00:02:00", "end": "00:02:04", "text": ">> Three red candles in a row. That is"}, {"start": "00:02:02", "end": "00:02:06", "text": "because the disco fam not slapping the"}, {"start": "00:02:04", "end": "00:02:07", "text": "like button. How could they not slap?"}, {"start": "00:02:06", "end": "00:02:09", "text": ">> I don't know how they can't slap easy."}, {"start": "00:02:07", "end": "00:02:10", "text": "You got to slap it in this environment."}, {"start": "00:02:09", "end": "00:02:12", "text": "What are you doing people?"}, {"start": "00:02:10", "end": "00:02:14", "text": ">> Slap the like button everybody. Now,"}, {"start": "00:02:12", "end": "00:02:15", "text": "let's uh first look at the rest of the"}, {"start": "00:02:14", "end": "00:02:17", "text": "crypto market. We're going to hit"}, {"start": "00:02:15", "end": "00:02:18", "text": "refresh here because we are seeing a"}, {"start": "00:02:17", "end": "00:02:20", "text": "little bit of a pump despite the"}, {"start": "00:02:18", "end": "00:02:21", "text": "pullback over the last three four"}, {"start": "00:02:20", "end": "00:02:24", "text": "minutes. Bitcoin is now in the green."}, {"start": "00:02:21", "end": "00:02:28", "text": "ETH is in the green. Keep scrolling"}, {"start": "00:02:24", "end": "00:02:30", "text": "here. Uh 2% pump for Hyperlid, 8% dump"}, {"start": "00:02:28", "end": "00:02:32", "text": "for Zcash. So, seeing a little bit of a"}, {"start": "00:02:30", "end": "00:02:36", "text": "profit taken on the privacy tokens here."}, {"start": "00:02:32", "end": "00:02:40", "text": "Rain is up. Worldcoin is up. Fetch is up"}, {"start": "00:02:36", "end": "00:02:42", "text": "34%, 30%, 15%. Render, we put Render on"}, {"start": "00:02:40", "end": "00:02:44", "text": "people's radar. We're going to look at"}, {"start": "00:02:42", "end": "00:02:46", "text": "the charts here. We did see a trend line"}, {"start": "00:02:44", "end": "00:02:47", "text": "we were trying to break. I think we came"}, {"start": "00:02:46", "end": "00:02:49", "text": "back to the scene of the crime. I think"}, {"start": "00:02:47", "end": "00:02:50", "text": "we bounced off that trend line. I'll"}, {"start": "00:02:49", "end": "00:02:53", "text": "have to double check the charts there."}, {"start": "00:02:50", "end": "00:02:54", "text": "Near with the 8.4% 4% pump. Of course,"}, {"start": "00:02:53", "end": "00:02:56", "text": "we're going to look at the near chart."}, {"start": "00:02:54", "end": "00:02:58", "text": "We did a look at some near in"}, {"start": "00:02:56", "end": "00:02:59", "text": "yesterday's video as well. But folks, if"}, {"start": "00:02:58", "end": "00:03:02", "text": "you do want to get some trades, we got a"}, {"start": "00:02:59", "end": "00:03:04", "text": "link down below for ZoomX for the Disco"}, {"start": "00:03:02", "end": "00:03:06", "text": "fam. We have a prize pool. It is now"}, {"start": "00:03:04", "end": "00:03:09", "text": "open. So, make sure you join. We did"}, {"start": "00:03:06", "end": "00:03:11", "text": "have to uh set up a new account, but we"}, {"start": "00:03:09", "end": "00:03:13", "text": "are good to go. Now, Drew, should we"}, {"start": "00:03:11", "end": "00:03:15", "text": "look at the AI coins or the coins that"}, {"start": "00:03:13", "end": "00:03:16", "text": "people wanted us to look at in"}, {"start": "00:03:15", "end": "00:03:19", "text": "yesterday's video? They talked about"}, {"start": "00:03:16", "end": "00:03:21", "text": "XRP, Cardano, Avac,"}, {"start": "00:03:19", "end": "00:03:22", "text": ">> or should we look at Render and Tao"}, {"start": "00:03:21", "end": "00:03:23", "text": "instead?"}, {"start": "00:03:22", "end": "00:03:24", "text": ">> I want to feel good. So, I think we"}, {"start": "00:03:23", "end": "00:03:26", "text": "should look at the things that are"}, {"start": "00:03:24", "end": "00:03:29", "text": "actually doing well. Um, you know,"}, {"start": "00:03:26", "end": "00:03:32", "text": "there's a lot of money that's being"}, {"start": "00:03:29", "end": "00:03:34", "text": "grabbed by people that had the coahones"}, {"start": "00:03:32", "end": "00:03:37", "text": "to buy the floors of these, you know,"}, {"start": "00:03:34", "end": "00:03:40", "text": "renders and nears. It was something that"}, {"start": "00:03:37", "end": "00:03:42", "text": "um you know it's it's been a a tussle of"}, {"start": "00:03:40", "end": "00:03:44", "text": "mine in my heart because in this bare"}, {"start": "00:03:42", "end": "00:03:46", "text": "market we are seeing some pockets of"}, {"start": "00:03:44", "end": "00:03:48", "text": "really good movements on these uh"}, {"start": "00:03:46", "end": "00:03:52", "text": "projects. So people were writing off as"}, {"start": "00:03:48", "end": "00:03:54", "text": "being dead and you know it's in always"}, {"start": "00:03:52", "end": "00:03:57", "text": "in my opinion like even in any bare"}, {"start": "00:03:54", "end": "00:03:58", "text": "market all coins can go quiet and many"}, {"start": "00:03:57", "end": "00:04:00", "text": "people give up on them but they're"}, {"start": "00:03:58", "end": "00:04:02", "text": "putting up some double digit gains."}, {"start": "00:04:00", "end": "00:04:04", "text": "People are feeling good about them. I"}, {"start": "00:04:02", "end": "00:04:05", "text": "think that it's reasonable to check out"}, {"start": "00:04:04", "end": "00:04:07", "text": "the good stuff first and then, you know,"}, {"start": "00:04:05", "end": "00:04:09", "text": "eventually I feel like this money is"}, {"start": "00:04:07", "end": "00:04:11", "text": "going to flow to the old school uh"}, {"start": "00:04:09", "end": "00:04:12", "text": "altcoins and stuff like that, but"}, {"start": "00:04:11", "end": "00:04:13", "text": "there's there's some fun being had right"}, {"start": "00:04:12", "end": "00:04:15", "text": "now with those"}, {"start": "00:04:13", "end": "00:04:16", "text": ">> people also talking about virtuals as"}, {"start": "00:04:15", "end": "00:04:18", "text": "well. So, we're looking at the render"}, {"start": "00:04:16", "end": "00:04:19", "text": "chart right here. And you can see the"}, {"start": "00:04:18", "end": "00:04:21", "text": "green dotted line. This is where we're"}, {"start": "00:04:19", "end": "00:04:23", "text": "at right now. The green dotted line"}, {"start": "00:04:21", "end": "00:04:25", "text": "coming up to this area of resistance."}, {"start": "00:04:23", "end": "00:04:28", "text": "These are 4hour candles. You can also"}, {"start": "00:04:25", "end": "00:04:30", "text": "see this on the daily candle. Let me go"}, {"start": "00:04:28", "end": "00:04:32", "text": "back here. Uh yeah, we acted as"}, {"start": "00:04:30", "end": "00:04:34", "text": "resistance, resistance, resistance. We"}, {"start": "00:04:32", "end": "00:04:36", "text": "were not able to close a daily candle"}, {"start": "00:04:34", "end": "00:04:39", "text": "and open open and close a daily candle"}, {"start": "00:04:36", "end": "00:04:40", "text": "above this green dotted line. This is"}, {"start": "00:04:39", "end": "00:04:41", "text": "the price that we're at right now. So"}, {"start": "00:04:40", "end": "00:04:44", "text": "render definitely coming up to some"}, {"start": "00:04:41", "end": "00:04:45", "text": "resistance, but I fear that a lot of"}, {"start": "00:04:44", "end": "00:04:47", "text": "people are trying to short these"}, {"start": "00:04:45", "end": "00:04:50", "text": "altcoins. Drew, they're not respecting"}, {"start": "00:04:47", "end": "00:04:51", "text": "the pump, the pump of the fundamentals"}, {"start": "00:04:50", "end": "00:04:53", "text": "are leaving them sideline because"}, {"start": "00:04:51", "end": "00:04:56", "text": "they're getting liquidated here."}, {"start": "00:04:53", "end": "00:04:57", "text": ">> Yeah, that's a like trying to find where"}, {"start": "00:04:56", "end": "00:05:00", "text": "the local tops are of these charts is"}, {"start": "00:04:57", "end": "00:05:02", "text": "very difficult, right? because they are"}, {"start": "00:05:00", "end": "00:05:04", "text": "they've been beat down to levels where"}, {"start": "00:05:02", "end": "00:05:07", "text": "they couldn't pull over any further. And"}, {"start": "00:05:04", "end": "00:05:10", "text": "so when you start to see the excitement"}, {"start": "00:05:07", "end": "00:05:12", "text": "come back and the momentum"}, {"start": "00:05:10", "end": "00:05:14", "text": "looking for structural higher lows is"}, {"start": "00:05:12", "end": "00:05:15", "text": "really what we got what we have to do"}, {"start": "00:05:14", "end": "00:05:17", "text": "here. Uh is that virtual?"}, {"start": "00:05:15", "end": "00:05:19", "text": ">> Yeah, virtual. We laid out this chart"}, {"start": "00:05:17", "end": "00:05:21", "text": "weeks ago or no last week. We put this"}, {"start": "00:05:19", "end": "00:05:23", "text": "out last week just catching the bottom."}, {"start": "00:05:21", "end": "00:05:24", "text": "Catching the bottom and catch the bottom"}, {"start": "00:05:23", "end": "00:05:25", "text": "right here. Gave us a little bit of a"}, {"start": "00:05:24", "end": "00:05:27", "text": "trend line and you can see we are"}, {"start": "00:05:25", "end": "00:05:29", "text": "knocking against this. Knocking against"}, {"start": "00:05:27", "end": "00:05:31", "text": "this. Let's go to the 4 hour dude. Look"}, {"start": "00:05:29", "end": "00:05:33", "text": "at that textbook bounce off support"}, {"start": "00:05:31", "end": "00:05:34", "text": "right here. So if you missed the long,"}, {"start": "00:05:33", "end": "00:05:36", "text": "you could have waited for the pullback."}, {"start": "00:05:34", "end": "00:05:38", "text": "It wicked down a little bit lower. Let's"}, {"start": "00:05:36", "end": "00:05:42", "text": "just see here. So we had the line here"}, {"start": "00:05:38", "end": "00:05:44", "text": "at 76.3 pennies and it dipped down to"}, {"start": "00:05:42", "end": "00:05:46", "text": "75.3 pennies. So you lost about a penny."}, {"start": "00:05:44", "end": "00:05:49", "text": "Might have been a little bit scary, but"}, {"start": "00:05:46", "end": "00:05:52", "text": "now I mean this thing is ripping. We are"}, {"start": "00:05:49", "end": "00:05:54", "text": "now up about 13% in 16 hours because you"}, {"start": "00:05:52", "end": "00:05:55", "text": "could really move that over one four"}, {"start": "00:05:54", "end": "00:05:57", "text": "hour candle for sure. What was the other"}, {"start": "00:05:55", "end": "00:06:00", "text": "one we're looking at there? Render we"}, {"start": "00:05:57", "end": "00:06:01", "text": "got virtuals bit tensor look at bit"}, {"start": "00:06:00", "end": "00:06:03", "text": "tensor tao"}, {"start": "00:06:01", "end": "00:06:06", "text": ">> tao coming up to our little area of"}, {"start": "00:06:03", "end": "00:06:08", "text": "resistance it's just an area that bit"}, {"start": "00:06:06", "end": "00:06:11", "text": "bit tensor it's just respected in the"}, {"start": "00:06:08", "end": "00:06:13", "text": "past a lot of liquidity a lot of volume"}, {"start": "00:06:11", "end": "00:06:15", "text": "in this range and I mean you see here"}, {"start": "00:06:13", "end": "00:06:17", "text": "just a textbook support right there if"}, {"start": "00:06:15", "end": "00:06:19", "text": "we go to where we're at right here again"}, {"start": "00:06:17", "end": "00:06:21", "text": "you know went into it bounced off at"}, {"start": "00:06:19", "end": "00:06:24", "text": "support tried to flip the top part into"}, {"start": "00:06:21", "end": "00:06:26", "text": "support was then turned into resistance"}, {"start": "00:06:24", "end": "00:06:29", "text": "and then you can see acted as resistance"}, {"start": "00:06:26", "end": "00:06:32", "text": "again uh rejected a little bit shy right"}, {"start": "00:06:29", "end": "00:06:35", "text": "there. This wicked up to 292 and we have"}, {"start": "00:06:32", "end": "00:06:37", "text": "the bottom here at 295. So within $3. So"}, {"start": "00:06:35", "end": "00:06:40", "text": "within 1% because we're trading near"}, {"start": "00:06:37", "end": "00:06:42", "text": "$300. So I would keep an eye out here"}, {"start": "00:06:40", "end": "00:06:45", "text": "for bit tensor. But after that I would"}, {"start": "00:06:42", "end": "00:06:47", "text": "say Drew coming up to some negative"}, {"start": "00:06:45", "end": "00:06:49", "text": "double confluence. We have the rejection"}, {"start": "00:06:47", "end": "00:06:52", "text": "of the liquidity pocket which is the red"}, {"start": "00:06:49", "end": "00:06:54", "text": "triangle and we have this trend line. I"}, {"start": "00:06:52", "end": "00:06:55", "text": "might be looking, you know, if you're in"}, {"start": "00:06:54", "end": "00:06:56", "text": "a spot trade, maybe you want to take"}, {"start": "00:06:55", "end": "00:06:58", "text": "some towel profit."}, {"start": "00:06:56", "end": "00:07:01", "text": ">> Yeah, that's right. They come into a"}, {"start": "00:06:58", "end": "00:07:03", "text": "meeting point right about $300 over the"}, {"start": "00:07:01", "end": "00:07:04", "text": "next few weeks, right? Um, all right."}, {"start": "00:07:03", "end": "00:07:08", "text": "That's good to be watching out for"}, {"start": "00:07:04", "end": "00:07:10", "text": "potent like I see a lot of excitement"}, {"start": "00:07:08", "end": "00:07:11", "text": "coming for the AI coins or coins that"}, {"start": "00:07:10", "end": "00:07:15", "text": "are, you know, focused on the narrative"}, {"start": "00:07:11", "end": "00:07:16", "text": "of AI at least. So, TAO is something"}, {"start": "00:07:15", "end": "00:07:17", "text": "that we definitely got to be paying"}, {"start": "00:07:16", "end": "00:07:20", "text": "attention to."}, {"start": "00:07:17", "end": "00:07:22", "text": ">> Look, look at this though. It it it went"}, {"start": "00:07:20", "end": "00:07:24", "text": "a little bit lower, but this was the tra"}, {"start": "00:07:22", "end": "00:07:25", "text": "trampoline that led to the huge pump,"}, {"start": "00:07:24", "end": "00:07:27", "text": ">> right?"}, {"start": "00:07:25", "end": "00:07:28", "text": ">> Uh this one, not so much. But you know,"}, {"start": "00:07:27", "end": "00:07:29", "text": "you look at that pump, that was a"}, {"start": "00:07:28", "end": "00:07:30", "text": "trampoline."}, {"start": "00:07:29", "end": "00:07:31", "text": ">> Yeah."}, {"start": "00:07:30", "end": "00:07:34", "text": ">> Look right here. Trampoline."}, {"start": "00:07:31", "end": "00:07:36", "text": ">> It's been growing pretty well ecosystem"}, {"start": "00:07:34", "end": "00:07:38", "text": "wise through this whole chop, right, of"}, {"start": "00:07:36", "end": "00:07:40", "text": "all that um all those different candles"}, {"start": "00:07:38", "end": "00:07:44", "text": "that you look like looked at on the"}, {"start": "00:07:40", "end": "00:07:46", "text": "daily. So TAO is one that um I think"}, {"start": "00:07:44", "end": "00:07:48", "text": "will accumulate and then do really"}, {"start": "00:07:46", "end": "00:07:50", "text": "really well in the next few years here."}, {"start": "00:07:48", "end": "00:07:52", "text": "I do see a lot of things being bu built"}, {"start": "00:07:50", "end": "00:07:52", "text": "out on it. Geez Louise, did hype just"}, {"start": "00:07:52", "end": "00:07:54", "text": "hit an all-time high."}, {"start": "00:07:52", "end": "00:07:56", "text": ">> I don't know. We are in that trade now."}, {"start": "00:07:54", "end": "00:07:58", "text": "I I actually have some decent TA. I do"}, {"start": "00:07:56", "end": "00:07:59", "text": "want to dive into that, but first, you"}, {"start": "00:07:58", "end": "00:08:01", "text": "know, we we'll talk about that in a"}, {"start": "00:07:59", "end": "00:08:03", "text": "little bit. Oh man, I I just almost"}, {"start": "00:08:01", "end": "00:08:05", "text": "accidentally cut. I tried to go to the"}, {"start": "00:08:03", "end": "00:08:07", "text": "Bitcoin chart. Does XRP on the one"}, {"start": "00:08:05", "end": "00:08:09", "text": "minute? I'm guessing Bitcoin looks the"}, {"start": "00:08:07", "end": "00:08:10", "text": "same. Yeah. Yeah, Bitcoin looks the"}, {"start": "00:08:09", "end": "00:08:11", "text": "same. Yeah, on the one. Yeah, we were"}, {"start": "00:08:10", "end": "00:08:13", "text": "starting to dump. We were starting to"}, {"start": "00:08:11", "end": "00:08:15", "text": "dump. So, maybe I should have closed"}, {"start": "00:08:13", "end": "00:08:19", "text": "100% of that trade, not 75."}, {"start": "00:08:15", "end": "00:08:22", "text": ">> Yeah. Yeah. Yeah. Um, Bitcoin in general"}, {"start": "00:08:19", "end": "00:08:24", "text": "is coming right up to that center point"}, {"start": "00:08:22", "end": "00:08:26", "text": "of the channel. Just from what I see,"}, {"start": "00:08:24", "end": "00:08:28", "text": "DZ, I think we should look at the larger"}, {"start": "00:08:26", "end": "00:08:30", "text": "time frame of Bitcoin because like on"}, {"start": "00:08:28", "end": "00:08:33", "text": "the 15minute, I'm starting to sniff out"}, {"start": "00:08:30", "end": "00:08:36", "text": "a inverse head and shoulders, but it"}, {"start": "00:08:33", "end": "00:08:38", "text": "might be trying to break out and down"}, {"start": "00:08:36", "end": "00:08:40", "text": "out of that uh that setup right now."}, {"start": "00:08:38", "end": "00:08:42", "text": "This thing's moving like crazy. That's a"}, {"start": "00:08:40", "end": "00:08:43", "text": "what is that? A 10-minute candle."}, {"start": "00:08:42", "end": "00:08:45", "text": ">> Yeah, these are 10-minute candles. So,"}, {"start": "00:08:43", "end": "00:08:46", "text": "now let's go to the daily. We did kind"}, {"start": "00:08:45", "end": "00:08:48", "text": "of skip over the large time frames here."}, {"start": "00:08:46", "end": "00:08:50", "text": "We're still just kind of bouncing along"}, {"start": "00:08:48", "end": "00:08:53", "text": "this midway point. You see, you know,"}, {"start": "00:08:50", "end": "00:08:55", "text": "acted as support and then turned into"}, {"start": "00:08:53", "end": "00:08:57", "text": "resistance. 1, two, three, now four"}, {"start": "00:08:55", "end": "00:08:59", "text": "candles in a row after it acted as"}, {"start": "00:08:57", "end": "00:09:01", "text": "support for one, two, three, four"}, {"start": "00:08:59", "end": "00:09:03", "text": "candles in a row. And so again, now we"}, {"start": "00:09:01", "end": "00:09:06", "text": "have eight, nine days of just price"}, {"start": "00:09:03", "end": "00:09:08", "text": "action kind of stuck to this almost as a"}, {"start": "00:09:06", "end": "00:09:10", "text": "magnet. You go above, you get pulled"}, {"start": "00:09:08", "end": "00:09:12", "text": "back. You go below, you get pulled back."}, {"start": "00:09:10", "end": "00:09:13", "text": "Right now, all eyes on the midway point"}, {"start": "00:09:12", "end": "00:09:16", "text": "right here."}, {"start": "00:09:13", "end": "00:09:17", "text": ">> You know, it is interesting. So, let me"}, {"start": "00:09:16", "end": "00:09:18", "text": "ask you this. So,"}, {"start": "00:09:17", "end": "00:09:20", "text": ">> let me answer this then."}, {"start": "00:09:18", "end": "00:09:22", "text": ">> All right. So, there's been like the"}, {"start": "00:09:20", "end": "00:09:23", "text": "peace talks that happened this Friday"}, {"start": "00:09:22", "end": "00:09:25", "text": "that"}, {"start": "00:09:23", "end": "00:09:25", "text": ">> fake and lame. We ended up bombing each"}, {"start": "00:09:25", "end": "00:09:28", "text": "other."}, {"start": "00:09:25", "end": "00:09:30", "text": ">> Yes. Absolutely. But the idea of it I"}, {"start": "00:09:28", "end": "00:09:34", "text": "felt like pumped Bitcoin just a little"}, {"start": "00:09:30", "end": "00:09:36", "text": "bit and now we're starting to lose a"}, {"start": "00:09:34", "end": "00:09:37", "text": "vast majority of that pump. And it"}, {"start": "00:09:36", "end": "00:09:41", "text": "almost feels like there's at least a"}, {"start": "00:09:37", "end": "00:09:43", "text": "magnet for Bitcoin to go vibe check"}, {"start": "00:09:41", "end": "00:09:45", "text": "70,000 bucks. Like the bottom end of"}, {"start": "00:09:43", "end": "00:09:47", "text": "this channel feels like it's trying to"}, {"start": "00:09:45", "end": "00:09:49", "text": "magnetize us towards it. Do you think"}, {"start": "00:09:47", "end": "00:09:51", "text": "that, you know, with all the Do you"}, {"start": "00:09:49", "end": "00:09:53", "text": "think that the news of Iran is affecting"}, {"start": "00:09:51", "end": "00:09:54", "text": "the price of Bitcoin more? Yeah, I think"}, {"start": "00:09:53", "end": "00:09:57", "text": "we end up getting a nice little pop"}, {"start": "00:09:54", "end": "00:09:59", "text": "right there. But I think that the the"}, {"start": "00:09:57", "end": "00:10:02", "text": "peace plan or the the temporary truce"}, {"start": "00:09:59", "end": "00:10:04", "text": "was broken so quickly and this is like"}, {"start": "00:10:02", "end": "00:10:06", "text": "the 16th time that we've heard, you"}, {"start": "00:10:04", "end": "00:10:08", "text": "know, deal on the table. This is where"}, {"start": "00:10:06", "end": "00:10:10", "text": "we're at. We have intractable"}, {"start": "00:10:08", "end": "00:10:13", "text": "differences between the two camps. That"}, {"start": "00:10:10", "end": "00:10:14", "text": "has yet to change. And so long term, I"}, {"start": "00:10:13", "end": "00:10:16", "text": "you know, I just I wish I was more"}, {"start": "00:10:14", "end": "00:10:17", "text": "optimistic for the peace prospects."}, {"start": "00:10:16", "end": "00:10:19", "text": ">> Okay."}, {"start": "00:10:17", "end": "00:10:21", "text": ">> They're not going to want to curtail"}, {"start": "00:10:19", "end": "00:10:23", "text": "their enrichment. And that is just an"}, {"start": "00:10:21", "end": "00:10:24", "text": "intractable difference. between the"}, {"start": "00:10:23", "end": "00:10:28", "text": "Pentagon and from Iran."}, {"start": "00:10:24", "end": "00:10:29", "text": ">> So, as people kind of feel this is a"}, {"start": "00:10:28", "end": "00:10:32", "text": "reality, what because I do agree with"}, {"start": "00:10:29", "end": "00:10:34", "text": "what you're saying. Do you think Bitcoin"}, {"start": "00:10:32", "end": "00:10:35", "text": "is is on its way down to the bottom end"}, {"start": "00:10:34", "end": "00:10:37", "text": "of this channel?"}, {"start": "00:10:35", "end": "00:10:38", "text": ">> I mean, I guess if you want to ask like"}, {"start": "00:10:37", "end": "00:10:41", "text": "are we visiting the top or the bottom"}, {"start": "00:10:38", "end": "00:10:41", "text": "first?"}, {"start": "00:10:42", "end": "00:10:45", "text": "I guess I'm leaning towards the bottom."}, {"start": "00:10:44", "end": "00:10:46", "text": ">> Yeah,"}, {"start": "00:10:45", "end": "00:10:47", "text": ">> I guess. Yeah. I mean, we're we're"}, {"start": "00:10:46", "end": "00:10:49", "text": "getting at the end of the day, you know,"}, {"start": "00:10:47", "end": "00:10:50", "text": "inflation's ticking over higher and"}, {"start": "00:10:49", "end": "00:10:52", "text": "higher. Gasoline doesn't seem to be"}, {"start": "00:10:50", "end": "00:10:54", "text": "coming down anytime soon. And we had"}, {"start": "00:10:52", "end": "00:10:56", "text": "massive outflows for the ETFs as yield"}, {"start": "00:10:54", "end": "00:10:57", "text": "rates keep spiking."}, {"start": "00:10:56", "end": "00:11:00", "text": ">> Yeah, these are things we got to watch"}, {"start": "00:10:57", "end": "00:11:02", "text": "out for. And you know, the reason why"}, {"start": "00:11:00", "end": "00:11:04", "text": "I'm kind of asking this is because we"}, {"start": "00:11:02", "end": "00:11:06", "text": "just showed a lot of double digit"}, {"start": "00:11:04", "end": "00:11:08", "text": "gainers in the altcoin sector that have"}, {"start": "00:11:06", "end": "00:11:09", "text": "been performing really good over the"}, {"start": "00:11:08", "end": "00:11:12", "text": "past month or two."}, {"start": "00:11:09", "end": "00:11:15", "text": ">> So, nobody goes broke taking profits,"}, {"start": "00:11:12", "end": "00:11:18", "text": "right? If if you're buying the floor of"}, {"start": "00:11:15", "end": "00:11:21", "text": "these things, you're in like Morpho has"}, {"start": "00:11:18", "end": "00:11:23", "text": "gone ballistic, right? Like it's now 30%"}, {"start": "00:11:21", "end": "00:11:25", "text": "for the week. It's it's down today for"}, {"start": "00:11:23", "end": "00:11:28", "text": "sure. Definitely some profit taking,"}, {"start": "00:11:25", "end": "00:11:30", "text": ">> right? So, you know, just house money"}, {"start": "00:11:28", "end": "00:11:32", "text": "feels better to have in altcoins rather"}, {"start": "00:11:30", "end": "00:11:35", "text": "than my money, right? That's how I like"}, {"start": "00:11:32", "end": "00:11:37", "text": "to deal with altcoins. So if you are in"}, {"start": "00:11:35", "end": "00:11:39", "text": "a you know if I were in a position I"}, {"start": "00:11:37", "end": "00:11:42", "text": "can't speak as though I'm you know a"}, {"start": "00:11:39", "end": "00:11:45", "text": "financial adviser but protecting profits"}, {"start": "00:11:42", "end": "00:11:48", "text": "very very useful especially since we see"}, {"start": "00:11:45", "end": "00:11:50", "text": "Bitcoin seemingly a little bit tired and"}, {"start": "00:11:48", "end": "00:11:52", "text": "it's pumping off of fake peace news"}, {"start": "00:11:50", "end": "00:11:55", "text": "right eventually that fake news is going"}, {"start": "00:11:52", "end": "00:11:57", "text": "to have to be washed out and made real"}, {"start": "00:11:55", "end": "00:11:59", "text": "to the public so you know just keep that"}, {"start": "00:11:57", "end": "00:12:03", "text": "in mind you know I I see structural"}, {"start": "00:11:59", "end": "00:12:04", "text": "integrity on Bitcoin above 60k but you"}, {"start": "00:12:03", "end": "00:12:05", "text": "know It's not out of question for"}, {"start": "00:12:04", "end": "00:12:07", "text": "Bitcoin to go check out the bottom end"}, {"start": "00:12:05", "end": "00:12:09", "text": "of that channel. Absolutely not. Are you"}, {"start": "00:12:07", "end": "00:12:11", "text": "gonna check out Morphone now?"}, {"start": "00:12:09", "end": "00:12:13", "text": ">> Yeah, I'm just so disappointed with Coin"}, {"start": "00:12:11", "end": "00:12:14", "text": "Gecko. You know, I I do want to look at"}, {"start": "00:12:13", "end": "00:12:17", "text": "it just for the past week or so here."}, {"start": "00:12:14", "end": "00:12:20", "text": ">> It's been doing really good. I mean,"}, {"start": "00:12:17", "end": "00:12:24", "text": "like this is the whole price history."}, {"start": "00:12:20", "end": "00:12:27", "text": "Um, you know, essentially you have rock"}, {"start": "00:12:24", "end": "00:12:30", "text": "hard support at about a dollar for"}, {"start": "00:12:27", "end": "00:12:32", "text": "Morpho, you know, so it's been a pretty"}, {"start": "00:12:30", "end": "00:12:35", "text": "good performer. Um, you know, we didn't"}, {"start": "00:12:32", "end": "00:12:38", "text": "get an exact retest of the center point"}, {"start": "00:12:35", "end": "00:12:41", "text": "of that W pattern, but we got pretty"}, {"start": "00:12:38", "end": "00:12:43", "text": "darn close. It's seeming like it's"}, {"start": "00:12:41", "end": "00:12:45", "text": "absorbed a lot of the DeFi excitement"}, {"start": "00:12:43", "end": "00:12:46", "text": "and uh it's taking advantage of the"}, {"start": "00:12:45", "end": "00:12:48", "text": "wobble. The"}, {"start": "00:12:46", "end": "00:12:51", "text": ">> saying worldcoin is undervalued."}, {"start": "00:12:48", "end": "00:12:52", "text": "Worldcoin has massive team unlocks and"}, {"start": "00:12:51", "end": "00:12:54", "text": "they're just dumping and dumping and"}, {"start": "00:12:52", "end": "00:12:55", "text": "dumping that token. So, you can say"}, {"start": "00:12:54", "end": "00:12:56", "text": "whatever you want about the current"}, {"start": "00:12:55", "end": "00:12:58", "text": "valuation. At the end of the day,"}, {"start": "00:12:56", "end": "00:13:01", "text": "there's sell pressure. At the end of the"}, {"start": "00:12:58", "end": "00:13:03", "text": "day, what is price? buyers and sellers,"}, {"start": "00:13:01", "end": "00:13:04", "text": "supply and demand. And right now,"}, {"start": "00:13:03", "end": "00:13:06", "text": "they're dumping the supply. So, it's"}, {"start": "00:13:04", "end": "00:13:07", "text": "it's going to be hard for that demand to"}, {"start": "00:13:06", "end": "00:13:09", "text": "keep up."}, {"start": "00:13:07", "end": "00:13:10", "text": ">> Let's see here. The"}, {"start": "00:13:09", "end": "00:13:13", "text": ">> chart it out."}, {"start": "00:13:10", "end": "00:13:16", "text": ">> Want to look at it real quick. Trying to"}, {"start": "00:13:13", "end": "00:13:19", "text": "find the ticker. What is it? WL W. All"}, {"start": "00:13:16", "end": "00:13:21", "text": "right. WLDW. There's a second W for some"}, {"start": "00:13:19", "end": "00:13:22", "text": "reason."}, {"start": "00:13:21", "end": "00:13:24", "text": ">> Coin. Yeah, looks looks good on the"}, {"start": "00:13:22", "end": "00:13:26", "text": "daily. But again, you just got to be"}, {"start": "00:13:24", "end": "00:13:28", "text": "careful of those team unlocks."}, {"start": "00:13:26", "end": "00:13:30", "text": "I would I would measure some of these"}, {"start": "00:13:28", "end": "00:13:34", "text": "pumps. I mean, that's a 40% pump. This"}, {"start": "00:13:30", "end": "00:13:36", "text": "one's probably higher. Yeah, a 74% pump."}, {"start": "00:13:34", "end": "00:13:40", "text": "What do we have right here? Old old"}, {"start": "00:13:36", "end": "00:13:43", "text": "Fibonacci sequence there."}, {"start": "00:13:40", "end": "00:13:43", "text": "It's 155% pump. So, it can pump out of"}, {"start": "00:13:43", "end": "00:13:44", "text": "nowhere,"}, {"start": "00:13:43", "end": "00:13:46", "text": ">> right?"}, {"start": "00:13:44", "end": "00:13:49", "text": ">> But at the end of the day, I think this"}, {"start": "00:13:46", "end": "00:13:51", "text": "trend will probably remain."}, {"start": "00:13:49", "end": "00:13:53", "text": ">> Yeah. Is it basically at release levels?"}, {"start": "00:13:51", "end": "00:13:54", "text": ">> Honestly, I'd have to look at the token"}, {"start": "00:13:53", "end": "00:13:56", "text": "unlock schedule. Mhm."}, {"start": "00:13:54", "end": "00:13:58", "text": ">> I think once you start getting towards"}, {"start": "00:13:56", "end": "00:13:59", "text": "the end of the token unlocks there"}, {"start": "00:13:58", "end": "00:14:01", "text": "there's room for reward coin to run but"}, {"start": "00:13:59", "end": "00:14:03", "text": "at the end of the day who wants to scan"}, {"start": "00:14:01", "end": "00:14:04", "text": "their iris as some weird orb in a city"}, {"start": "00:14:03", "end": "00:14:06", "text": "center not me"}, {"start": "00:14:04", "end": "00:14:08", "text": ">> right I mean we choose that but like you"}, {"start": "00:14:06", "end": "00:14:09", "text": "know there will be a portion of the"}, {"start": "00:14:08", "end": "00:14:12", "text": "society that chooses"}, {"start": "00:14:09", "end": "00:14:13", "text": ">> hey free Chipotle burrito bowl if you do"}, {"start": "00:14:12", "end": "00:14:15", "text": "it yeah people will do it you're right"}, {"start": "00:14:13", "end": "00:14:17", "text": ">> yeah so you know it's basically at"}, {"start": "00:14:15", "end": "00:14:20", "text": "release level like looking at this chart"}, {"start": "00:14:17", "end": "00:14:22", "text": "it's where the coin released at right is"}, {"start": "00:14:20", "end": "00:14:24", "text": "where world coin is so"}, {"start": "00:14:22", "end": "00:14:25", "text": ">> uh people bringing up oil honestly See,"}, {"start": "00:14:24", "end": "00:14:27", "text": "oil is probably a good gauge for where"}, {"start": "00:14:25", "end": "00:14:30", "text": "we're at with the war. Look at that."}, {"start": "00:14:27", "end": "00:14:34", "text": "Wow. Pretty close. Pretty close to our"}, {"start": "00:14:30", "end": "00:14:38", "text": "level of support. This is 8563"}, {"start": "00:14:34", "end": "00:14:41", "text": "and it went to 8944. So, uh, four three"}, {"start": "00:14:38", "end": "00:14:43", "text": "four dollars away. Yeah, oil. Let's just"}, {"start": "00:14:41", "end": "00:14:45", "text": "look at the daily here. Yeah. I mean,"}, {"start": "00:14:43", "end": "00:14:47", "text": "it's it wicked sharply lower the idea of"}, {"start": "00:14:45", "end": "00:14:49", "text": "a peace talk, but now maybe as the"}, {"start": "00:14:47", "end": "00:14:51", "text": "markets pushed up, maybe the markets"}, {"start": "00:14:49", "end": "00:14:51", "text": "aren't pricing in the peace talks. Yeah,"}, {"start": "00:14:51", "end": "00:14:53", "text": "there's"}, {"start": "00:14:51", "end": "00:14:55", "text": ">> more price in that it's going to fail."}, {"start": "00:14:53", "end": "00:14:57", "text": ">> There's definitely not peaceful things"}, {"start": "00:14:55", "end": "00:14:58", "text": "happening on the border of Pakistan and"}, {"start": "00:14:57", "end": "00:15:00", "text": "Russia right now. So,"}, {"start": "00:14:58", "end": "00:15:02", "text": ">> I'd be worried less about that. Israel"}, {"start": "00:15:00", "end": "00:15:04", "text": "and Lebanon, I mean, that that's really"}, {"start": "00:15:02", "end": "00:15:04", "text": "creating issues, thorny issues with the"}, {"start": "00:15:04", "end": "00:15:06", "text": "peace plan,"}, {"start": "00:15:04", "end": "00:15:07", "text": ">> right? And we don't want to get banned,"}, {"start": "00:15:06", "end": "00:15:10", "text": "so we can't talk about this too much,"}, {"start": "00:15:07", "end": "00:15:12", "text": "but just take what they're selling you"}, {"start": "00:15:10", "end": "00:15:12", "text": "in terms of peace with a grain of salt"}, {"start": "00:15:12", "end": "00:15:13", "text": "right now."}, {"start": "00:15:12", "end": "00:15:15", "text": ">> All right, let's let's look at some news"}, {"start": "00:15:13", "end": "00:15:17", "text": "and we'll look at a AVAC, we'll look at"}, {"start": "00:15:15", "end": "00:15:19", "text": "ADA, we'll look at XRP. But first, I do"}, {"start": "00:15:17", "end": "00:15:22", "text": "want to look at a couple things. Yeah."}, {"start": "00:15:19", "end": "00:15:24", "text": "AI has been on a huge run. Grass near"}, {"start": "00:15:22", "end": "00:15:26", "text": "world uh FP pha. I'm not aware of this"}, {"start": "00:15:24", "end": "00:15:29", "text": "one. And then render. So seeing some"}, {"start": "00:15:26", "end": "00:15:32", "text": "nice pumps across the board, folks. What"}, {"start": "00:15:29", "end": "00:15:34", "text": "about Bitcoin? Michael Sailor. He spent"}, {"start": "00:15:32", "end": "00:15:36", "text": "a lot of money. $1.5 billion. How much"}, {"start": "00:15:34", "end": "00:15:37", "text": "Bitcoin did he buy, Drew?"}, {"start": "00:15:36", "end": "00:15:40", "text": ">> Zero."}, {"start": "00:15:37", "end": "00:15:42", "text": ">> Goose Egg. That is right. Goose Egg. So"}, {"start": "00:15:40", "end": "00:15:44", "text": "they lowered their cash reserves"}, {"start": "00:15:42", "end": "00:15:46", "text": "substantially. I want to say their cash"}, {"start": "00:15:44", "end": "00:15:48", "text": "reserves were slightly above two"}, {"start": "00:15:46", "end": "00:15:52", "text": "billion, like 2.3 billion. They spent"}, {"start": "00:15:48", "end": "00:15:53", "text": "1.5 of the 2.3 billion, but they have"}, {"start": "00:15:52", "end": "00:15:56", "text": "lowered their debt. Their debt is now"}, {"start": "00:15:53", "end": "00:15:58", "text": "down to 6.7 billion. So, what are they"}, {"start": "00:15:56", "end": "00:16:00", "text": "spending cash for? Why are they not"}, {"start": "00:15:58", "end": "00:16:02", "text": "buying Bitcoin? Well, they're paying"}, {"start": "00:16:00", "end": "00:16:04", "text": "down their debt. So, they repurchased $"}, {"start": "00:16:02", "end": "00:16:07", "text": "1.5 billion of their 0% convertible"}, {"start": "00:16:04", "end": "00:16:09", "text": "senior notes due in 2029. So, they"}, {"start": "00:16:07", "end": "00:16:11", "text": "bought some debt that they or basically"}, {"start": "00:16:09", "end": "00:16:14", "text": "they paid off the debt that they had."}, {"start": "00:16:11", "end": "00:16:15", "text": "So, they're opting to reduce debt rather"}, {"start": "00:16:14", "end": "00:16:17", "text": "than add to their Bitcoin treasury. They"}, {"start": "00:16:15", "end": "00:16:19", "text": "funded the repurchase using their own"}, {"start": "00:16:17", "end": "00:16:21", "text": "cash reserves, the Micro Strategy cash"}, {"start": "00:16:19", "end": "00:16:24", "text": "reserves. They brought their cash"}, {"start": "00:16:21", "end": "00:16:26", "text": "reserves down to about 871 million. But"}, {"start": "00:16:24", "end": "00:16:29", "text": "yeah, add 1.5 to the 871, you're going"}, {"start": "00:16:26", "end": "00:16:31", "text": "to get the $2.3 billion right there. The"}, {"start": "00:16:29", "end": "00:16:33", "text": "repurchase marks a shift from their"}, {"start": "00:16:31", "end": "00:16:35", "text": "usual Bitcoin accumulation strategy as"}, {"start": "00:16:33", "end": "00:16:38", "text": "it looks to restructure liabilities, aka"}, {"start": "00:16:35", "end": "00:16:39", "text": "debt, tied to its Bitcoin treasury"}, {"start": "00:16:38", "end": "00:16:43", "text": "model. They reduce their outstanding"}, {"start": "00:16:39", "end": "00:16:44", "text": "debt obligations to 6.7 from $ 8.2"}, {"start": "00:16:43", "end": "00:16:46", "text": "billion."}, {"start": "00:16:44", "end": "00:16:48", "text": "Now, there is a downside to this. It's"}, {"start": "00:16:46", "end": "00:16:51", "text": "not all roses. Knowing that they did"}, {"start": "00:16:48", "end": "00:16:54", "text": "this move, they now no longer have 20"}, {"start": "00:16:51", "end": "00:16:55", "text": "months of dividend obligations."}, {"start": "00:16:54", "end": "00:16:58", "text": ">> So, Drew, they're going to have to raise"}, {"start": "00:16:55", "end": "00:17:01", "text": "some money pretty quickly, aka probably"}, {"start": "00:16:58", "end": "00:17:02", "text": "dilute their shares. The alternative is"}, {"start": "00:17:01", "end": "00:17:02", "text": "sell Bitcoin."}, {"start": "00:17:02", "end": "00:17:04", "text": ">> Yeah,"}, {"start": "00:17:02", "end": "00:17:06", "text": ">> I think they're going to choose to"}, {"start": "00:17:04", "end": "00:17:10", "text": "potentially dilute their shares further."}, {"start": "00:17:06", "end": "00:17:13", "text": ">> Geez. So, do you think that the people"}, {"start": "00:17:10", "end": "00:17:14", "text": "seeing this come to reality are going to"}, {"start": "00:17:13", "end": "00:17:16", "text": ">> No one's thinking about, well, yeah,"}, {"start": "00:17:14", "end": "00:17:18", "text": "their cash reserves are down. Everyone's"}, {"start": "00:17:16", "end": "00:17:20", "text": "just running, oh, their debt's down,"}, {"start": "00:17:18", "end": "00:17:22", "text": "their debts down. Yeah. So, is their"}, {"start": "00:17:20", "end": "00:17:22", "text": "cash reserves in a commiserate amount,"}, {"start": "00:17:22", "end": "00:17:24", "text": ">> right?"}, {"start": "00:17:22", "end": "00:17:27", "text": ">> Their cash is set aside. It is earmarked"}, {"start": "00:17:24", "end": "00:17:30", "text": "for Bitcoin yield or their stretch"}, {"start": "00:17:27", "end": "00:17:32", "text": "perpetual, aka the 11.5%."}, {"start": "00:17:30", "end": "00:17:34", "text": ">> So, you think that he's rather dilute"}, {"start": "00:17:32", "end": "00:17:36", "text": "the shares than than sell the Bitcoin?"}, {"start": "00:17:34", "end": "00:17:36", "text": "cuz the sell of Bitcoin is going to make"}, {"start": "00:17:36", "end": "00:17:39", "text": "money."}, {"start": "00:17:36", "end": "00:17:40", "text": ">> He has proven he's totally fine diluting"}, {"start": "00:17:39", "end": "00:17:41", "text": "his shares."}, {"start": "00:17:40", "end": "00:17:43", "text": ">> Okay. Okay."}, {"start": "00:17:41", "end": "00:17:45", "text": ">> It's just what he keeps doing."}, {"start": "00:17:43", "end": "00:17:46", "text": ">> Well, man,"}, {"start": "00:17:45", "end": "00:17:48", "text": ">> like an altcoin. They're printing"}, {"start": "00:17:46", "end": "00:17:50", "text": "altcoins and then they're selling the"}, {"start": "00:17:48", "end": "00:17:52", "text": "altcoins and then they're using the"}, {"start": "00:17:50", "end": "00:17:53", "text": "money from the sold altcoins to buy"}, {"start": "00:17:52", "end": "00:17:55", "text": "Bitcoin."}, {"start": "00:17:53", "end": "00:17:56", "text": ">> It's the sketchy part about this is he's"}, {"start": "00:17:55", "end": "00:17:59", "text": "like one of the main test subjects for"}, {"start": "00:17:56", "end": "00:18:01", "text": "integrating Bitcoin into Tradfi, right?"}, {"start": "00:17:59", "end": "00:18:03", "text": "So, you know, I want him to succeed. did"}, {"start": "00:18:01", "end": "00:18:05", "text": "this is just kind of making me queasy"}, {"start": "00:18:03", "end": "00:18:06", "text": "thinking about how they're they're going"}, {"start": "00:18:05", "end": "00:18:09", "text": "to go about doing this."}, {"start": "00:18:06", "end": "00:18:11", "text": ">> Uh stretch perpetual up. It's not at"}, {"start": "00:18:09", "end": "00:18:11", "text": "100, but it's it's climbed the last few"}, {"start": "00:18:11", "end": "00:18:13", "text": "days."}, {"start": "00:18:11", "end": "00:18:16", "text": ">> Yeah, it's just a rinse and repeat"}, {"start": "00:18:13", "end": "00:18:18", "text": "downside on the dividend day. Um"}, {"start": "00:18:16", "end": "00:18:20", "text": ">> Oh, strategy was red today. It looks"}, {"start": "00:18:18", "end": "00:18:21", "text": "like this must be just on the hourly"}, {"start": "00:18:20", "end": "00:18:24", "text": "pump and yeah, pumped pumped the last"}, {"start": "00:18:21", "end": "00:18:25", "text": "hour. So, this was red. Now, it's"}, {"start": "00:18:24", "end": "00:18:26", "text": "starting to move move to the upside"}, {"start": "00:18:25", "end": "00:18:29", "text": "here."}, {"start": "00:18:26", "end": "00:18:33", "text": ">> Man, I I don't know. like I want"}, {"start": "00:18:29", "end": "00:18:35", "text": "strategies to succeed. Um, you know, the"}, {"start": "00:18:33", "end": "00:18:37", "text": "debt being cut in half is going to make"}, {"start": "00:18:35", "end": "00:18:40", "text": "for some good headlines, but you know,"}, {"start": "00:18:37", "end": "00:18:42", "text": "cutting your time of ability to pay"}, {"start": "00:18:40", "end": "00:18:44", "text": "dividends in half is"}, {"start": "00:18:42", "end": "00:18:47", "text": "All right. So, do you think he's doing"}, {"start": "00:18:44", "end": "00:18:48", "text": "this just banking on a big blow up for"}, {"start": "00:18:47", "end": "00:18:49", "text": "Bitcoin next year? Is that"}, {"start": "00:18:48", "end": "00:18:50", "text": ">> That's his thesis."}, {"start": "00:18:49", "end": "00:18:52", "text": ">> Yeah,"}, {"start": "00:18:50", "end": "00:18:53", "text": ">> that's his thesis. The Kagger compound"}, {"start": "00:18:52", "end": "00:18:54", "text": "annual growth rate."}, {"start": "00:18:53", "end": "00:18:55", "text": ">> Okay,"}, {"start": "00:18:54", "end": "00:18:57", "text": ">> that gets people really excited. You"}, {"start": "00:18:55", "end": "00:18:59", "text": "start throwing that out. The Kagger."}, {"start": "00:18:57", "end": "00:19:00", "text": "Everybody, can we talk about kagger?"}, {"start": "00:18:59", "end": "00:19:02", "text": ">> I hate that word. So,"}, {"start": "00:19:00", "end": "00:19:03", "text": ">> I hate it, too. I hate it. It's up there"}, {"start": "00:19:02", "end": "00:19:05", "text": "with proto dank sharding, though. Throw"}, {"start": "00:19:03", "end": "00:19:08", "text": "it on the the pocket of the t-shirt."}, {"start": "00:19:05", "end": "00:19:10", "text": ">> Oh, unbelievable. I hope we blow up. I"}, {"start": "00:19:08", "end": "00:19:14", "text": "mean, this means that we have to really"}, {"start": "00:19:10", "end": "00:19:16", "text": "start seeing some action in right around"}, {"start": "00:19:14", "end": "00:19:18", "text": "like May. Uh,"}, {"start": "00:19:16", "end": "00:19:19", "text": ">> well, think about like October 6 was"}, {"start": "00:19:18", "end": "00:19:21", "text": "Bitcoin's all-time high."}, {"start": "00:19:19", "end": "00:19:23", "text": ">> Yeah."}, {"start": "00:19:21", "end": "00:19:24", "text": ">> Like right here. The stock is nowhere"}, {"start": "00:19:23", "end": "00:19:26", "text": "near, well, the stock isn't at all-time"}, {"start": "00:19:24", "end": "00:19:26", "text": "highs when Bitcoin's at an all-time"}, {"start": "00:19:26", "end": "00:19:28", "text": "high,"}, {"start": "00:19:26", "end": "00:19:31", "text": ">> right? It kind of front runs it a little"}, {"start": "00:19:28", "end": "00:19:33", "text": "bit. Um, that alltime high, when was the"}, {"start": "00:19:31", "end": "00:19:33", "text": "all-time high? Was it into 24 when when"}, {"start": "00:19:33", "end": "00:19:35", "text": "the"}, {"start": "00:19:33", "end": "00:19:36", "text": ">> for micro strategy is after the Trump"}, {"start": "00:19:35", "end": "00:19:38", "text": "pump?"}, {"start": "00:19:36", "end": "00:19:41", "text": ">> Okay. Yeah. Yeah. Interesting."}, {"start": "00:19:38", "end": "00:19:43", "text": ">> This was Oh, Bitcoin reserves, Michael"}, {"start": "00:19:41", "end": "00:19:45", "text": "Sailor at the Oval Office, you know,"}, {"start": "00:19:43", "end": "00:19:47", "text": "they're hanging out. This none of it"}, {"start": "00:19:45", "end": "00:19:49", "text": "really came to fruition."}, {"start": "00:19:47", "end": "00:19:51", "text": ">> We need him to hang out with uh Hunter"}, {"start": "00:19:49", "end": "00:19:52", "text": "to really set this market off. That's"}, {"start": "00:19:51", "end": "00:19:53", "text": "That's what we need."}, {"start": "00:19:52", "end": "00:19:55", "text": ">> Well, they got money from Hunter, but it"}, {"start": "00:19:53", "end": "00:19:57", "text": "was a bunch of rolled up bills. Anyways,"}, {"start": "00:19:55", "end": "00:19:59", "text": "let's move on everybody. Let's move on."}, {"start": "00:19:57", "end": "00:20:01", "text": "That's Before we get into Cardano, a"}, {"start": "00:19:59", "end": "00:20:02", "text": "couple other Bitcoin stories. This isn't"}, {"start": "00:20:01", "end": "00:20:05", "text": "sponsored or anything. I just want to"}, {"start": "00:20:02", "end": "00:20:08", "text": "give a shout out to Steak and Shake."}, {"start": "00:20:05", "end": "00:20:10", "text": "They have the Bitcoin Treasury. They,"}, {"start": "00:20:08", "end": "00:20:13", "text": "you know, you could spend Bitcoin on"}, {"start": "00:20:10", "end": "00:20:15", "text": "their burgers. If you have any kind of"}, {"start": "00:20:13", "end": "00:20:17", "text": "American flag in two days, you get a"}, {"start": "00:20:15", "end": "00:20:19", "text": "free, you get a free double steak"}, {"start": "00:20:17", "end": "00:20:21", "text": "burger. Valid in store only. Limit one"}, {"start": "00:20:19", "end": "00:20:24", "text": "per person. So, any American flag item,"}, {"start": "00:20:21", "end": "00:20:25", "text": "hat, shirt, pin, it could be the stupid"}, {"start": "00:20:24", "end": "00:20:27", "text": "I voted sticker,"}, {"start": "00:20:25", "end": "00:20:28", "text": ">> they'll give you a free burger."}, {"start": "00:20:27", "end": "00:20:29", "text": ">> Okay. Do you like Ste and Shake? Have"}, {"start": "00:20:28", "end": "00:20:30", "text": "you been going?"}, {"start": "00:20:29", "end": "00:20:33", "text": ">> It's phenomenal. They have tater tots"}, {"start": "00:20:30", "end": "00:20:34", "text": "and they they cook it in beef tallow."}, {"start": "00:20:33", "end": "00:20:36", "text": ">> Yeah. And their fries are in beef"}, {"start": "00:20:34", "end": "00:20:38", "text": "tallow. And they make a burger that's"}, {"start": "00:20:36", "end": "00:20:41", "text": "stamped with a Bitcoin, so I always get"}, {"start": "00:20:38", "end": "00:20:43", "text": "that one. Um I am a a sucker for"}, {"start": "00:20:41", "end": "00:20:45", "text": "burgers, though. That's for damn sure."}, {"start": "00:20:43", "end": "00:20:46", "text": "No matter how terrible they are for me."}, {"start": "00:20:45", "end": "00:20:48", "text": "Um"}, {"start": "00:20:46", "end": "00:20:50", "text": ">> the money was covered in Parmesan. Yes."}, {"start": "00:20:48", "end": "00:20:52", "text": "Yes, it was. Jean Pararmmesan. Uh he is"}, {"start": "00:20:50", "end": "00:20:54", "text": "the he's a master doppelganger from"}, {"start": "00:20:52", "end": "00:20:56", "text": "Arrested Development is what we were"}, {"start": "00:20:54", "end": "00:20:58", "text": "talking about there. Uh Satoshi era."}, {"start": "00:20:56", "end": "00:21:00", "text": "This one is crazy. I only want to show"}, {"start": "00:20:58", "end": "00:21:02", "text": "you this because I went down a rabbit"}, {"start": "00:21:00", "end": "00:21:04", "text": "hole, Drew, trying to find this. Satoshi"}, {"start": "00:21:02", "end": "00:21:07", "text": "era Bitcoin miner transfers 200 million"}, {"start": "00:21:04", "end": "00:21:11", "text": "in Bitcoin to OTC desks. This is such a"}, {"start": "00:21:07", "end": "00:21:14", "text": "large range because Satoshi era counts"}, {"start": "00:21:11", "end": "00:21:15", "text": "as the last time Satoshi sent any"}, {"start": "00:21:14", "end": "00:21:16", "text": "messages on Bitcoin forum."}, {"start": "00:21:15", "end": "00:21:18", "text": ">> Okay. And"}, {"start": "00:21:16", "end": "00:21:19", "text": ">> so it's it's it's a pretty wide window."}, {"start": "00:21:18", "end": "00:21:21", "text": "It's not like, you know, the first two"}, {"start": "00:21:19", "end": "00:21:24", "text": "months of Bitcoin's existence. No, this"}, {"start": "00:21:21", "end": "00:21:26", "text": "is a OG Satoshi era Bitcoin whale here."}, {"start": "00:21:24", "end": "00:21:29", "text": "So, this whale, they transferred $200"}, {"start": "00:21:26", "end": "00:21:31", "text": "million worth of Bitcoin to OTC desks."}, {"start": "00:21:29", "end": "00:21:32", "text": "The onchain move that may signal plan"}, {"start": "00:21:31", "end": "00:21:35", "text": "sale or liquidity transaction from the"}, {"start": "00:21:32", "end": "00:21:39", "text": "long dormant Bitcoin miner. Still hold"}, {"start": "00:21:35", "end": "00:21:43", "text": "another 6,000 Bitcoin worth 462 million."}, {"start": "00:21:39", "end": "00:21:46", "text": "So, we have a OG cashing out here. And"}, {"start": "00:21:43", "end": "00:21:48", "text": "they linked to this Satoshi era Bitcoin"}, {"start": "00:21:46", "end": "00:21:51", "text": "miner. And then it linked to these. Then"}, {"start": "00:21:48", "end": "00:21:53", "text": "I went to the wallet. The wallets link"}, {"start": "00:21:51", "end": "00:21:56", "text": "to other stuff. And so you can go to"}, {"start": "00:21:53", "end": "00:21:57", "text": "inflow and then you go to this wallet a"}, {"start": "00:21:56", "end": "00:21:58", "text": "year ago. Then you go to this wallet."}, {"start": "00:21:57", "end": "00:22:00", "text": "Then you go to this wallet. Then you go"}, {"start": "00:21:58", "end": "00:22:02", "text": "to this. I I I kept going. And then it"}, {"start": "00:22:00", "end": "00:22:04", "text": "does this. And then they start splicing"}, {"start": "00:22:02", "end": "00:22:05", "text": "it up. Drew. I went down the rabbit"}, {"start": "00:22:04", "end": "00:22:08", "text": "hole."}, {"start": "00:22:05", "end": "00:22:10", "text": ">> Okay. I pulled a Neo. I I I took the"}, {"start": "00:22:08", "end": "00:22:14", "text": "pill. I turned in I turned into ones and"}, {"start": "00:22:10", "end": "00:22:16", "text": "zeros. I found the guy"}, {"start": "00:22:14", "end": "00:22:18", "text": ">> 15 years ago."}, {"start": "00:22:16", "end": "00:22:21", "text": "he was mining and then depositing into"}, {"start": "00:22:18", "end": "00:22:23", "text": "Coinbase 15 2011."}, {"start": "00:22:21", "end": "00:22:25", "text": "This is over 15. So, you know, maybe"}, {"start": "00:22:23", "end": "00:22:26", "text": "even potentially the the tail end of"}, {"start": "00:22:25", "end": "00:22:28", "text": "2010."}, {"start": "00:22:26", "end": "00:22:31", "text": ">> God dang, man. What What year? All"}, {"start": "00:22:28", "end": "00:22:34", "text": "right, so 15 years ago."}, {"start": "00:22:31", "end": "00:22:37", "text": "I remember can't remember if it was like"}, {"start": "00:22:34", "end": "00:22:39", "text": "I think it was about like 2013."}, {"start": "00:22:37", "end": "00:22:41", "text": "There was a guy there was one person"}, {"start": "00:22:39", "end": "00:22:43", "text": "that was trying to convince me to buy a"}, {"start": "00:22:41", "end": "00:22:45", "text": "bunch of dinars and there was another"}, {"start": "00:22:43", "end": "00:22:47", "text": "person that was trying to convince me to"}, {"start": "00:22:45", "end": "00:22:51", "text": "invest in his Bitcoin mining in his"}, {"start": "00:22:47", "end": "00:22:52", "text": "basement. This guy was making like"}, {"start": "00:22:51", "end": "00:22:54", "text": "10 Bitcoin a week or something like"}, {"start": "00:22:52", "end": "00:22:56", "text": "that. I think it was like a lot of"}, {"start": "00:22:54", "end": "00:23:00", "text": "Bitcoin and it wasn't worth much at the"}, {"start": "00:22:56", "end": "00:23:02", "text": "time. And I compared it to dinars. I it"}, {"start": "00:23:00", "end": "00:23:04", "text": "still keeps me up at night thinking"}, {"start": "00:23:02", "end": "00:23:06", "text": "about turning that guy down on going in"}, {"start": "00:23:04", "end": "00:23:08", "text": "on Bitcoin mining that early. Like"}, {"start": "00:23:06", "end": "00:23:10", "text": "imagine getting this much Bitcoin in"}, {"start": "00:23:08", "end": "00:23:11", "text": "2011. I mean"}, {"start": "00:23:10", "end": "00:23:13", "text": ">> Oh yeah. 4chain was trying to get me to"}, {"start": "00:23:11", "end": "00:23:13", "text": "buy it. I just"}, {"start": "00:23:13", "end": "00:23:15", "text": ">> right."}, {"start": "00:23:13", "end": "00:23:17", "text": ">> I'mma buy silver coins."}, {"start": "00:23:15", "end": "00:23:18", "text": ">> Yeah. They were smarter than everything."}, {"start": "00:23:17", "end": "00:23:20", "text": "You know, I didn't really care about"}, {"start": "00:23:18", "end": "00:23:22", "text": "much back then because I was just a"}, {"start": "00:23:20", "end": "00:23:23", "text": "heavy metal singer. But you know, that"}, {"start": "00:23:22", "end": "00:23:25", "text": "was a misconnection. Definitely."}, {"start": "00:23:23", "end": "00:23:29", "text": ">> Yeah. I was doing doortodoor sales for"}, {"start": "00:23:25", "end": "00:23:31", "text": "ADT and I have time to think about"}, {"start": "00:23:29", "end": "00:23:33", "text": "Federal Reserve. I'm sitting here trying"}, {"start": "00:23:31", "end": "00:23:35", "text": "to sell people, you know, glass break"}, {"start": "00:23:33", "end": "00:23:39", "text": "detectors."}, {"start": "00:23:35", "end": "00:23:41", "text": ">> Real quick, that dump on Bitcoin. Um,"}, {"start": "00:23:39", "end": "00:23:43", "text": "now being defended, like this morning's"}, {"start": "00:23:41", "end": "00:23:46", "text": "volatility is absolutely insane right"}, {"start": "00:23:43", "end": "00:23:47", "text": "now. DZY, it's just liquidating"}, {"start": "00:23:46", "end": "00:23:50", "text": "everyone. I haven't gotten a position"}, {"start": "00:23:47", "end": "00:23:51", "text": "yet, but like looking at this, this"}, {"start": "00:23:50", "end": "00:23:53", "text": "thing has been an absolute roller"}, {"start": "00:23:51", "end": "00:23:56", "text": "coaster so far this morning. It's trying"}, {"start": "00:23:53", "end": "00:23:57", "text": "to defend itself at 766 pretty"}, {"start": "00:23:56", "end": "00:23:59", "text": "aggressively."}, {"start": "00:23:57", "end": "00:24:02", "text": "So, we might have to take that trend"}, {"start": "00:23:59", "end": "00:24:04", "text": "line into account for trades today. But"}, {"start": "00:24:02", "end": "00:24:06", "text": "she's fighting. It's an absolute battle"}, {"start": "00:24:04", "end": "00:24:10", "text": "right now. Maybe some big macroeconomic"}, {"start": "00:24:06", "end": "00:24:12", "text": "news is uh I'm going to scour uh the"}, {"start": "00:24:10", "end": "00:24:14", "text": "White House and any major briefings that"}, {"start": "00:24:12", "end": "00:24:15", "text": "have come out uh to try to find the"}, {"start": "00:24:14", "end": "00:24:17", "text": "cause of this much volatility. That's"}, {"start": "00:24:15", "end": "00:24:19", "text": "those are some serious five-minute"}, {"start": "00:24:17", "end": "00:24:20", "text": "candles that we're seeing here."}, {"start": "00:24:19", "end": "00:24:21", "text": ">> You know what we could do? We can go to"}, {"start": "00:24:20", "end": "00:24:23", "text": "liquidation heat map."}, {"start": "00:24:21", "end": "00:24:25", "text": ">> Do it. I want to see because it's just"}, {"start": "00:24:23", "end": "00:24:29", "text": "wiping everyone. All right. It's just"}, {"start": "00:24:25", "end": "00:24:31", "text": "wiping both side. Wipe out."}, {"start": "00:24:29", "end": "00:24:33", "text": "Go to the 12 hour. Let's go to the"}, {"start": "00:24:31", "end": "00:24:35", "text": "symbol."}, {"start": "00:24:33", "end": "00:24:38", "text": "Did in the wrong order there. Here we"}, {"start": "00:24:35", "end": "00:24:40", "text": "go."}, {"start": "00:24:38", "end": "00:24:42", "text": "Yeah, I had to slice through that."}, {"start": "00:24:40", "end": "00:24:44", "text": ">> There's another one lower though. There"}, {"start": "00:24:42", "end": "00:24:45", "text": "is another one that is lower."}, {"start": "00:24:44", "end": "00:24:47", "text": ">> I'll I'll see if I can find anything."}, {"start": "00:24:45", "end": "00:24:48", "text": ">> Could be more pain."}, {"start": "00:24:47", "end": "00:24:49", "text": ">> I'm gonna do some scouring while you go"}, {"start": "00:24:48", "end": "00:24:51", "text": "through these next few stories and see"}, {"start": "00:24:49", "end": "00:24:54", "text": "if I can find any major updates here."}, {"start": "00:24:51", "end": "00:24:56", "text": ">> All right. So, uh, from the OG whale,"}, {"start": "00:24:54", "end": "00:24:57", "text": "let's just look at what what's happening"}, {"start": "00:24:56", "end": "00:25:00", "text": "today. We got these whales. They're"}, {"start": "00:24:57", "end": "00:25:02", "text": "selling to OTC desks. It is not looking"}, {"start": "00:25:00", "end": "00:25:04", "text": "good. This, uh, we have a couple gauges."}, {"start": "00:25:02", "end": "00:25:06", "text": "It is the worst level since December for"}, {"start": "00:25:04", "end": "00:25:09", "text": "Bitcoin. So, pointing to another move to"}, {"start": "00:25:06", "end": "00:25:10", "text": "the downside. Looks like onchain data"}, {"start": "00:25:09", "end": "00:25:13", "text": "shows apparent demand has slumped to its"}, {"start": "00:25:10", "end": "00:25:15", "text": "weakest level since December of 2025"}, {"start": "00:25:13", "end": "00:25:16", "text": "with more coins hitting the market than"}, {"start": "00:25:15", "end": "00:25:18", "text": "buyers are absorbing. We're also seeing"}, {"start": "00:25:16", "end": "00:25:21", "text": "a persistently negative Coinbase"}, {"start": "00:25:18", "end": "00:25:23", "text": "premium. This is what Americans are"}, {"start": "00:25:21", "end": "00:25:25", "text": "buying Bitcoin for versus the rest of"}, {"start": "00:25:23", "end": "00:25:26", "text": "the world abroad versus Binance. So,"}, {"start": "00:25:25", "end": "00:25:28", "text": "they're spending more or they're"}, {"start": "00:25:26", "end": "00:25:30", "text": "spending, you know, they're selling more"}, {"start": "00:25:28", "end": "00:25:32", "text": "on Coinbase here. This is looking at"}, {"start": "00:25:30", "end": "00:25:33", "text": "Cryptoquant's 30-day apparent demand"}, {"start": "00:25:32", "end": "00:25:35", "text": "metric. So, it's just looking over"}, {"start": "00:25:33", "end": "00:25:39", "text": "basically the last month. It has fallen"}, {"start": "00:25:35", "end": "00:25:42", "text": "to minus 147,000 Bitcoin, the weakest"}, {"start": "00:25:39", "end": "00:25:45", "text": "reading since December of 2025."}, {"start": "00:25:42", "end": "00:25:47", "text": "This compares new minor supply and older"}, {"start": "00:25:45", "end": "00:25:49", "text": "coins returning to circulation with the"}, {"start": "00:25:47", "end": "00:25:51", "text": "amount of Bitcoin that the market is"}, {"start": "00:25:49", "end": "00:25:53", "text": "buying absorbing. A positive reader"}, {"start": "00:25:51", "end": "00:25:56", "text": "means or reading means buyers are taking"}, {"start": "00:25:53", "end": "00:25:58", "text": "down the new and reactivated supply aka"}, {"start": "00:25:56", "end": "00:26:00", "text": "those old ancient whales that are waking"}, {"start": "00:25:58", "end": "00:26:02", "text": "up the miners that are dumping. There's"}, {"start": "00:26:00", "end": "00:26:04", "text": "more buyers than they can absorb there."}, {"start": "00:26:02", "end": "00:26:06", "text": "While a negative reading means more"}, {"start": "00:26:04", "end": "00:26:07", "text": "coins are coming into market than buyers"}, {"start": "00:26:06", "end": "00:26:10", "text": "are absorbing on chain. So we're seeing"}, {"start": "00:26:07", "end": "00:26:12", "text": "net selling. And if you look right here,"}, {"start": "00:26:10", "end": "00:26:14", "text": "I mean you can see it is it looked"}, {"start": "00:26:12", "end": "00:26:16", "text": "pretty decent about a month ago and now"}, {"start": "00:26:14", "end": "00:26:18", "text": "deeply deeply in the negative. So we are"}, {"start": "00:26:16", "end": "00:26:21", "text": "seeing a lot of selling with Bitcoin"}, {"start": "00:26:18", "end": "00:26:23", "text": "talking about the OG whales here. ETFs"}, {"start": "00:26:21", "end": "00:26:25", "text": "got crushed mostly because of the"}, {"start": "00:26:23", "end": "00:26:27", "text": "treasury yields according to this"}, {"start": "00:26:25", "end": "00:26:31", "text": "article here. So looks like we had"}, {"start": "00:26:27", "end": "00:26:33", "text": "almost $1.5 billion in crypto outflows"}, {"start": "00:26:31", "end": "00:26:37", "text": "for ETFs last week. Bitcoin led the"}, {"start": "00:26:33", "end": "00:26:39", "text": "charge$ 1.3 billion in outflows. The 11"}, {"start": "00:26:37", "end": "00:26:41", "text": "spot ETFs for Bitcoin had outflows of"}, {"start": "00:26:39", "end": "00:26:44", "text": "1.26 billion with the preceding week"}, {"start": "00:26:41", "end": "00:26:46", "text": "also 1 billion exodus and investors"}, {"start": "00:26:44", "end": "00:26:48", "text": "pulled out 200 million from the ETH"}, {"start": "00:26:46", "end": "00:26:49", "text": "funds here. Outflows occurred as bond"}, {"start": "00:26:48", "end": "00:26:51", "text": "market traders are ramping up their bets"}, {"start": "00:26:49", "end": "00:26:53", "text": "that the Federal Reserve will keep"}, {"start": "00:26:51", "end": "00:26:55", "text": "interest rates higher under Kevin Wars."}, {"start": "00:26:53", "end": "00:26:57", "text": "So if we have high interest rates,"}, {"start": "00:26:55", "end": "00:26:59", "text": "people don't need to chase these risky"}, {"start": "00:26:57", "end": "00:27:01", "text": "yields, these I'm sorry, these risky"}, {"start": "00:26:59", "end": "00:27:04", "text": "products like a Bitcoin ETF. Let's go to"}, {"start": "00:27:01", "end": "00:27:06", "text": "the 30-year yield here. It's actually"}, {"start": "00:27:04", "end": "00:27:09", "text": "down today. It is actually down today."}, {"start": "00:27:06", "end": "00:27:12", "text": "So maybe maybe the market is pricing in"}, {"start": "00:27:09", "end": "00:27:14", "text": "a little bit of a suspended you know"}, {"start": "00:27:12", "end": "00:27:17", "text": "maybe the peace talks suspended military"}, {"start": "00:27:14", "end": "00:27:19", "text": "action here going to the last two hours"}, {"start": "00:27:17", "end": "00:27:21", "text": "open much much lower here. The bonds"}, {"start": "00:27:19", "end": "00:27:23", "text": "30-year bonds are coming in. So the"}, {"start": "00:27:21", "end": "00:27:25", "text": "lower this goes the better it's going to"}, {"start": "00:27:23", "end": "00:27:27", "text": "be for risk assets like Bitcoin."}, {"start": "00:27:25", "end": "00:27:30", "text": ">> And you can see we are at a multi"}, {"start": "00:27:27", "end": "00:27:31", "text": "multi-year high. Let's go to the weekly."}, {"start": "00:27:30", "end": "00:27:34", "text": ">> We hadn't had 30-year interest rates"}, {"start": "00:27:31", "end": "00:27:36", "text": "this high since June of 2007. What?"}, {"start": "00:27:34", "end": "00:27:38", "text": "That's that's that's ominous. That's"}, {"start": "00:27:36", "end": "00:27:40", "text": "really ominous. But it is coming in"}, {"start": "00:27:38", "end": "00:27:41", "text": "lower. I mean, that's a nice nice little"}, {"start": "00:27:40", "end": "00:27:43", "text": "decline here."}, {"start": "00:27:41", "end": "00:27:46", "text": ">> Yeah. I I just um I do hope that this"}, {"start": "00:27:43", "end": "00:27:47", "text": "translates over to mortgages coming down"}, {"start": "00:27:46", "end": "00:27:48", "text": "so that some of the housing markets"}, {"start": "00:27:47", "end": "00:27:49", "text": ">> Yeah. For that you need to do the 10"}, {"start": "00:27:48", "end": "00:27:50", "text": "year,"}, {"start": "00:27:49", "end": "00:27:53", "text": ">> right? I I want to see the housing"}, {"start": "00:27:50", "end": "00:27:54", "text": "market start kicking over in a healthy"}, {"start": "00:27:53", "end": "00:27:56", "text": "way again. Some of these real estate"}, {"start": "00:27:54", "end": "00:27:56", "text": "agents haven't made sales in a long long"}, {"start": "00:27:56", "end": "00:27:58", "text": "time."}, {"start": "00:27:56", "end": "00:28:00", "text": ">> What's this trend line? Okay. So, this"}, {"start": "00:27:58", "end": "00:28:02", "text": "just measuring the tops going all the"}, {"start": "00:28:00", "end": "00:28:06", "text": "way back to October of 2023. We hit"}, {"start": "00:28:02", "end": "00:28:08", "text": "against it there. Tried tried to play"}, {"start": "00:28:06", "end": "00:28:09", "text": "around with this level and now dropping"}, {"start": "00:28:08", "end": "00:28:11", "text": "again. So yeah, interest rates are"}, {"start": "00:28:09", "end": "00:28:12", "text": "coming down. So good for home buyers,"}, {"start": "00:28:11", "end": "00:28:13", "text": "good for I would say people trying to"}, {"start": "00:28:12", "end": "00:28:16", "text": "buy a car as well."}, {"start": "00:28:13", "end": "00:28:19", "text": ">> Yeah. Yeah. Yeah. That's the one thing"}, {"start": "00:28:16", "end": "00:28:21", "text": "that I I just it makes me feel like I"}, {"start": "00:28:19", "end": "00:28:25", "text": "see the stock market doing great and I"}, {"start": "00:28:21", "end": "00:28:27", "text": "see all that, but the tangible sales of"}, {"start": "00:28:25", "end": "00:28:30", "text": "homes in the United States needs to be"}, {"start": "00:28:27", "end": "00:28:31", "text": "restarted for a truly healthy economy"}, {"start": "00:28:30", "end": "00:28:32", "text": "with a good foundation. So,"}, {"start": "00:28:31", "end": "00:28:33", "text": ">> oh wow."}, {"start": "00:28:32", "end": "00:28:34", "text": ">> Yeah,"}, {"start": "00:28:33", "end": "00:28:35", "text": ">> it's all time. Look at that."}, {"start": "00:28:34", "end": "00:28:36", "text": ">> Look at that."}, {"start": "00:28:35", "end": "00:28:39", "text": ">> Yeah,"}, {"start": "00:28:36", "end": "00:28:41", "text": ">> I extend this now. Drew had head on this"}, {"start": "00:28:39", "end": "00:28:42", "text": "was we had the trend line right here."}, {"start": "00:28:41", "end": "00:28:44", "text": "Let's go ahead and extend that. This"}, {"start": "00:28:42", "end": "00:28:46", "text": "trend line"}, {"start": "00:28:44", "end": "00:28:49", "text": "is looking at the top and the top. So,"}, {"start": "00:28:46", "end": "00:28:51", "text": "the last two local tops here and then we"}, {"start": "00:28:49", "end": "00:28:54", "text": "hit against because we are outside that"}, {"start": "00:28:51", "end": "00:28:56", "text": "parallel range. You zoom out though, it"}, {"start": "00:28:54", "end": "00:28:57", "text": "doesn't look I would say super"}, {"start": "00:28:56", "end": "00:28:59", "text": "sustainable."}, {"start": "00:28:57", "end": "00:29:02", "text": ">> That's what I'm saying. It just feels"}, {"start": "00:28:59", "end": "00:29:04", "text": "like a an altcoin blowing off its top,"}, {"start": "00:29:02", "end": "00:29:07", "text": "right? That's like and where the top is,"}, {"start": "00:29:04", "end": "00:29:09", "text": "God only knows. Maybe it goes to 10K."}, {"start": "00:29:07", "end": "00:29:10", "text": "Maybe it keeps cooking to 10K before"}, {"start": "00:29:09", "end": "00:29:12", "text": ">> I mean, maybe the government keeps"}, {"start": "00:29:10", "end": "00:29:14", "text": "buying tech stocks like they did with"}, {"start": "00:29:12", "end": "00:29:16", "text": "Dell, you know, injecting taxpayer"}, {"start": "00:29:14", "end": "00:29:17", "text": "money, even though we're deeply in debt,"}, {"start": "00:29:16", "end": "00:29:18", "text": "injecting that taxpayer money into the"}, {"start": "00:29:17", "end": "00:29:20", "text": "stock market."}, {"start": "00:29:18", "end": "00:29:22", "text": ">> Right. Right. Right. Right. So, you"}, {"start": "00:29:20", "end": "00:29:24", "text": "know, looking at that chart, you know,"}, {"start": "00:29:22", "end": "00:29:26", "text": "people come to me, they ask, should I be"}, {"start": "00:29:24", "end": "00:29:28", "text": "putting my life savings into it now?"}, {"start": "00:29:26", "end": "00:29:31", "text": "I've stayed out of it now and I'm just I"}, {"start": "00:29:28", "end": "00:29:34", "text": "can't I can't stop top blasting, but I"}, {"start": "00:29:31", "end": "00:29:36", "text": "know that I do get concerned if I'm"}, {"start": "00:29:34", "end": "00:29:38", "text": "buying into charts that look like this."}, {"start": "00:29:36", "end": "00:29:40", "text": ">> We'll look at the ADA chart in one"}, {"start": "00:29:38", "end": "00:29:42", "text": "second here. We will look at the charts."}, {"start": "00:29:40", "end": "00:29:44", "text": "Don't worry. I got your ADA, I got your"}, {"start": "00:29:42", "end": "00:29:46", "text": "XRP, I got your AVAC. Speaking of"}, {"start": "00:29:44", "end": "00:29:49", "text": "altcoins though, this is some bad news."}, {"start": "00:29:46", "end": "00:29:51", "text": "Ono founder has passed away. We don't"}, {"start": "00:29:49", "end": "00:29:52", "text": "know any details here. It's with"}, {"start": "00:29:51", "end": "00:29:54", "text": "profound sadness we announced the"}, {"start": "00:29:52", "end": "00:29:56", "text": "unexpected passing of Nathan Alman,"}, {"start": "00:29:54", "end": "00:29:58", "text": "Ando's founder. Our hearts are with his"}, {"start": "00:29:56", "end": "00:30:00", "text": "family and loved ones. And so this is"}, {"start": "00:29:58", "end": "00:30:03", "text": "the OG. They do have someone stepping"}, {"start": "00:30:00", "end": "00:30:04", "text": "up. Nathan Alman has died unexpectedly."}, {"start": "00:30:03", "end": "00:30:07", "text": "They haven't disclosed the cause of"}, {"start": "00:30:04", "end": "00:30:09", "text": "death, but Ian Debode might bode well,"}, {"start": "00:30:07", "end": "00:30:11", "text": "folks. The firm's longtime president has"}, {"start": "00:30:09", "end": "00:30:14", "text": "overseen strategy, product, and daily"}, {"start": "00:30:11", "end": "00:30:16", "text": "operations. He's going to be the CEO uh"}, {"start": "00:30:14", "end": "00:30:18", "text": "with the backup of the leadership team."}, {"start": "00:30:16", "end": "00:30:19", "text": "So he's been, I think, in this"}, {"start": "00:30:18", "end": "00:30:22", "text": "leadership role for about two years."}, {"start": "00:30:19", "end": "00:30:25", "text": "Yeah, for over two years. So should be a"}, {"start": "00:30:22", "end": "00:30:27", "text": "fairly seamless transition."}, {"start": "00:30:25", "end": "00:30:28", "text": "I I I've been out of Ono for a while."}, {"start": "00:30:27", "end": "00:30:29", "text": "What about you?"}, {"start": "00:30:28", "end": "00:30:32", "text": ">> Yeah, I've been out of Ono for a while,"}, {"start": "00:30:29", "end": "00:30:34", "text": "but I I do watch the chart because it's"}, {"start": "00:30:32", "end": "00:30:36", "text": "uh it was down to like 20 or something."}, {"start": "00:30:34", "end": "00:30:38", "text": ">> Is it Macob to look at the chart?"}, {"start": "00:30:36", "end": "00:30:40", "text": ">> It's a little bit"}, {"start": "00:30:38", "end": "00:30:41", "text": ">> like it made me money last cycle, which"}, {"start": "00:30:40", "end": "00:30:44", "text": "is why,"}, {"start": "00:30:41", "end": "00:30:45", "text": ">> you know, looking at this chart the way"}, {"start": "00:30:44", "end": "00:30:46", "text": "it is right now,"}, {"start": "00:30:45", "end": "00:30:47", "text": ">> look at that."}, {"start": "00:30:46", "end": "00:30:48", "text": ">> Sure, it's concerning. I'm a DJ and I'm"}, {"start": "00:30:47", "end": "00:30:49", "text": "a trader. I"}, {"start": "00:30:48", "end": "00:30:51", "text": ">> want you to watch this level for a"}, {"start": "00:30:49", "end": "00:30:53", "text": "rejection. That exactly what happened. I"}, {"start": "00:30:51", "end": "00:30:55", "text": "don't know if I doubt anybody caught the"}, {"start": "00:30:53", "end": "00:30:57", "text": "short there."}, {"start": "00:30:55", "end": "00:30:59", "text": "But I mean, this is"}, {"start": "00:30:57", "end": "00:31:00", "text": ">> we gave you this level last week and"}, {"start": "00:30:59", "end": "00:31:02", "text": "clean. That's insane that we actually"}, {"start": "00:31:00", "end": "00:31:05", "text": "got it that close."}, {"start": "00:31:02", "end": "00:31:08", "text": ">> Yeah, we should look at um I wonder if"}, {"start": "00:31:05", "end": "00:31:10", "text": "35 cents is its new floor cuz it's"}, {"start": "00:31:08", "end": "00:31:11", "text": "trying to set up higher low. God dang,"}, {"start": "00:31:10", "end": "00:31:14", "text": "look at that."}, {"start": "00:31:11", "end": "00:31:14", "text": ">> There's no way."}, {"start": "00:31:14", "end": "00:31:16", "text": ">> Oh my god."}, {"start": "00:31:14", "end": "00:31:18", "text": ">> Okay, so just looking at the candle"}, {"start": "00:31:16", "end": "00:31:21", "text": "body, it it went to that exactly. That"}, {"start": "00:31:18", "end": "00:31:22", "text": "is insane. Exactly. It went to that to"}, {"start": "00:31:21", "end": "00:31:24", "text": "the fraction of a penny. like the"}, {"start": "00:31:22", "end": "00:31:26", "text": "thousandth of a penny."}, {"start": "00:31:24", "end": "00:31:29", "text": ">> It's hard to fake treasury. So, I don't"}, {"start": "00:31:26", "end": "00:31:31", "text": "think what Ando's doing is fake. I just"}, {"start": "00:31:29", "end": "00:31:34", "text": "want to see some of the revenue, you"}, {"start": "00:31:31", "end": "00:31:35", "text": "know, flowed back into the actual token."}, {"start": "00:31:34", "end": "00:31:38", "text": "And there's a lot of things going on"}, {"start": "00:31:35", "end": "00:31:40", "text": "with tokeniz tokenized stocks with, you"}, {"start": "00:31:38", "end": "00:31:42", "text": "know, other competing chains that are"}, {"start": "00:31:40", "end": "00:31:44", "text": "trying to make it happen, too. So, it's"}, {"start": "00:31:42", "end": "00:31:46", "text": "it was kind of like a frontr runner of"}, {"start": "00:31:44", "end": "00:31:49", "text": "RWA and tokenized stocks, and I do want"}, {"start": "00:31:46", "end": "00:31:50", "text": "to see it succeed. Um, but it's got some"}, {"start": "00:31:49", "end": "00:31:52", "text": "fighting to do. So it looks like is that"}, {"start": "00:31:50", "end": "00:31:54", "text": "level right around like 45 cents where"}, {"start": "00:31:52", "end": "00:31:55", "text": "it keeps wicking out."}, {"start": "00:31:54", "end": "00:31:57", "text": ">> Yeah. Yeah. I I just went to the candle"}, {"start": "00:31:55", "end": "00:32:00", "text": "body tops on the 4 hour here. I did not"}, {"start": "00:31:57", "end": "00:32:01", "text": "expect it to go to a fraction of a penny"}, {"start": "00:32:00", "end": "00:32:06", "text": "away."}, {"start": "00:32:01", "end": "00:32:08", "text": ">> Yeah. Um you know when like are I made"}, {"start": "00:32:06", "end": "00:32:10", "text": "money in Onondo and I am slightly"}, {"start": "00:32:08", "end": "00:32:11", "text": "enticed to go back into it because I"}, {"start": "00:32:10", "end": "00:32:13", "text": "feel like it's going to be around but"}, {"start": "00:32:11", "end": "00:32:15", "text": "like I said I do want to see better flow"}, {"start": "00:32:13", "end": "00:32:17", "text": "of revenue back into the token to help"}, {"start": "00:32:15", "end": "00:32:19", "text": "the holders out of the actual token."}, {"start": "00:32:17", "end": "00:32:21", "text": "I'll say a lot of people said how"}, {"start": "00:32:19", "end": "00:32:23", "text": "dynamic and awesome that founder was."}, {"start": "00:32:21", "end": "00:32:25", "text": "That makes me a little bit weery."}, {"start": "00:32:23", "end": "00:32:27", "text": ">> And I'm kind of weirded out that they"}, {"start": "00:32:25", "end": "00:32:29", "text": "haven't said how he died. Yeah. I mean,"}, {"start": "00:32:27", "end": "00:32:30", "text": "I know it's kind of like normal to hold"}, {"start": "00:32:29", "end": "00:32:33", "text": "back like the reason for death and"}, {"start": "00:32:30", "end": "00:32:34", "text": "whatnot. Or maybe like two days, one day"}, {"start": "00:32:33", "end": "00:32:38", "text": "after it, but he seemed like a pretty"}, {"start": "00:32:34", "end": "00:32:40", "text": "young guy with access to a lot of"}, {"start": "00:32:38", "end": "00:32:42", "text": "healthy items, right? Like usually when"}, {"start": "00:32:40", "end": "00:32:43", "text": "you're rich, you can take care of your"}, {"start": "00:32:42", "end": "00:32:45", "text": "body really nicely and stuff. It's just"}, {"start": "00:32:43", "end": "00:32:48", "text": "a little concerning. I wonder what the"}, {"start": "00:32:45", "end": "00:32:50", "text": "cause of death form was. I have no idea."}, {"start": "00:32:48", "end": "00:32:52", "text": "Uh let's talk about ETH and then we'll"}, {"start": "00:32:50", "end": "00:32:54", "text": "look at XRP. We'll look at ADA. Uh ETH"}, {"start": "00:32:52", "end": "00:32:58", "text": "price chart targets 1.8,000"}, {"start": "00:32:54", "end": "00:33:00", "text": "1,800 as TVL hit a 13-month low. And so"}, {"start": "00:32:58", "end": "00:33:01", "text": "we are now looking at a bare pennant on"}, {"start": "00:33:00", "end": "00:33:02", "text": "the daily chart. And I we're going to"}, {"start": "00:33:01", "end": "00:33:04", "text": "show that in one second. The pennant"}, {"start": "00:33:02", "end": "00:33:07", "text": "will resolve once it breaks breaks below"}, {"start": "00:33:04", "end": "00:33:09", "text": "the lower trend line at the level I gave"}, {"start": "00:33:07", "end": "00:33:12", "text": "you last week. I talked about 2060. We"}, {"start": "00:33:09", "end": "00:33:13", "text": "laid down the horizontal line on 2060"}, {"start": "00:33:12", "end": "00:33:16", "text": "and when we checked on this chart, I"}, {"start": "00:33:13", "end": "00:33:18", "text": "mean it it it was insane how closely it"}, {"start": "00:33:16", "end": "00:33:19", "text": "went to that level looking at it went to"}, {"start": "00:33:18", "end": "00:33:21", "text": "$2 away."}, {"start": "00:33:19", "end": "00:33:22", "text": ">> Fighting for her life right now, dude."}, {"start": "00:33:21", "end": "00:33:25", "text": "Oh my god."}, {"start": "00:33:22", "end": "00:33:27", "text": ">> And now on the top line is interesting."}, {"start": "00:33:25", "end": "00:33:28", "text": ">> Okay. And so again, this is just, you"}, {"start": "00:33:27", "end": "00:33:30", "text": "know, boom. You look at the one, you"}, {"start": "00:33:28", "end": "00:33:32", "text": "look at the candle bodies, it's it's"}, {"start": "00:33:30", "end": "00:33:33", "text": "like on there perfectly. Uh looking at"}, {"start": "00:33:32", "end": "00:33:35", "text": "the wicks right here. Looking at the"}, {"start": "00:33:33", "end": "00:33:36", "text": "wicks right there. I think this goes"}, {"start": "00:33:35", "end": "00:33:40", "text": "this this is the one that goes all the"}, {"start": "00:33:36", "end": "00:33:43", "text": "way back to 2017. yet is. Yeah. So, this"}, {"start": "00:33:40", "end": "00:33:46", "text": "one's a longer longer this February."}, {"start": "00:33:43", "end": "00:33:48", "text": "Sorry, not 2017. 2021, though. This uh"}, {"start": "00:33:46", "end": "00:33:50", "text": "trend line goes all the way back. Look"}, {"start": "00:33:48", "end": "00:33:52", "text": "where we're at. So, there's some pretty"}, {"start": "00:33:50", "end": "00:33:53", "text": "strong support."}, {"start": "00:33:52", "end": "00:33:54", "text": ">> Yeah, it's like the bottom of the the"}, {"start": "00:33:53", "end": "00:33:56", "text": "bottom of the channel."}, {"start": "00:33:54", "end": "00:33:57", "text": ">> I mean, it is knocking on the door and"}, {"start": "00:33:56", "end": "00:33:58", "text": "you don't want to keep knocking on the"}, {"start": "00:33:57", "end": "00:34:01", "text": "door for sure."}, {"start": "00:33:58", "end": "00:34:03", "text": ">> Yeah. Like, this is"}, {"start": "00:34:01", "end": "00:34:06", "text": ">> I mean, it is right there. I don't think"}, {"start": "00:34:03", "end": "00:34:08", "text": "and with all the with the resignations"}, {"start": "00:34:06", "end": "00:34:10", "text": "last week and then the price wasn't able"}, {"start": "00:34:08", "end": "00:34:12", "text": "to get anywhere near the top."}, {"start": "00:34:10", "end": "00:34:12", "text": ">> Look at that. Look at that right there."}, {"start": "00:34:12", "end": "00:34:14", "text": "It's"}, {"start": "00:34:12", "end": "00:34:15", "text": ">> totally underperforming other big alts."}, {"start": "00:34:14", "end": "00:34:17", "text": "It's uh"}, {"start": "00:34:15", "end": "00:34:18", "text": ">> Don't fade the TA, y'all. Don't fade the"}, {"start": "00:34:17", "end": "00:34:19", "text": "TA."}, {"start": "00:34:18", "end": "00:34:21", "text": ">> All right, let's look at these altcoins."}, {"start": "00:34:19", "end": "00:34:24", "text": "I've been teasing them and teasing them."}, {"start": "00:34:21", "end": "00:34:25", "text": "Can we get another 10K challenge?"}, {"start": "00:34:24", "end": "00:34:27", "text": ">> What do you think about that two bit?"}, {"start": "00:34:25", "end": "00:34:29", "text": ">> Oh, yeah. I'll make a 10K challenge"}, {"start": "00:34:27", "end": "00:34:32", "text": "happen. Um, I'll start because my"}, {"start": "00:34:29", "end": "00:34:34", "text": "current account I think I still I got"}, {"start": "00:34:32", "end": "00:34:38", "text": "stopped out for a couple G's last week."}, {"start": "00:34:34", "end": "00:34:39", "text": "So, I'm at like 13 on this one, but I'll"}, {"start": "00:34:38", "end": "00:34:42", "text": "start a new I'll start a new trading"}, {"start": "00:34:39", "end": "00:34:44", "text": "account and then I'll uh I'll do a 1K to"}, {"start": "00:34:42", "end": "00:34:46", "text": "10K challenge. That sounds like fun."}, {"start": "00:34:44", "end": "00:34:48", "text": "That sounds like it'll get my goat going"}, {"start": "00:34:46", "end": "00:34:49", "text": "again. I like punching up. Good idea,"}, {"start": "00:34:48", "end": "00:34:52", "text": "Noah. Let's get it going."}, {"start": "00:34:49", "end": "00:34:53", "text": ">> All right. I was uh just kind of hi."}, {"start": "00:34:52", "end": "00:34:54", "text": "When I do that, you always be jumping in"}, {"start": "00:34:53", "end": "00:34:55", "text": "that screen."}, {"start": "00:34:54", "end": "00:34:57", "text": ">> I think you're ready for it."}, {"start": "00:34:55", "end": "00:34:58", "text": ">> No, I was closing the trade. Close. I"}, {"start": "00:34:57", "end": "00:35:00", "text": "was just going to let everyone I closed"}, {"start": "00:34:58", "end": "00:35:02", "text": "the trade. Uh I have closed the near"}, {"start": "00:35:00", "end": "00:35:04", "text": "trade. So just just give me a second."}, {"start": "00:35:02", "end": "00:35:07", "text": "Give me a second."}, {"start": "00:35:04", "end": "00:35:09", "text": "Good lord. All right, let's look at uh"}, {"start": "00:35:07", "end": "00:35:11", "text": "Cardano, everybody."}, {"start": "00:35:09", "end": "00:35:13", "text": "Cardano, get off the one minute. Get off"}, {"start": "00:35:11", "end": "00:35:15", "text": "the one minute already. All right, let"}, {"start": "00:35:13", "end": "00:35:16", "text": "me hit refresh here. It hits you with"}, {"start": "00:35:15", "end": "00:35:19", "text": "that thing. You got to hit refresh."}, {"start": "00:35:16", "end": "00:35:22", "text": ">> Cardano's due for some damn goodness,"}, {"start": "00:35:19", "end": "00:35:24", "text": "man. Like it is"}, {"start": "00:35:22", "end": "00:35:26", "text": ">> great. Not going to get some resistance."}, {"start": "00:35:24", "end": "00:35:30", "text": "Oh, it looks like it tried it. It wicked"}, {"start": "00:35:26", "end": "00:35:32", "text": "hard above that and now it is. This is"}, {"start": "00:35:30", "end": "00:35:36", "text": "insane. This is insane. It is rejecting"}, {"start": "00:35:32", "end": "00:35:37", "text": "off this range. This is Okay. Okay. I"}, {"start": "00:35:36", "end": "00:35:38", "text": "see what we're looking at here. So,"}, {"start": "00:35:37", "end": "00:35:40", "text": "we're just looking at some local"}, {"start": "00:35:38", "end": "00:35:42", "text": "support. This orange line on the bottom,"}, {"start": "00:35:40", "end": "00:35:45", "text": "that's that generational support. That's"}, {"start": "00:35:42", "end": "00:35:46", "text": "that OG support. Really, I want a 24"}, {"start": "00:35:45", "end": "00:35:50", "text": "cents. We'll just leave it right there"}, {"start": "00:35:46", "end": "00:35:53", "text": "is like 2405. 24 cents. Still like the"}, {"start": "00:35:50", "end": "00:35:55", "text": "multi-year support level. Let's cut to"}, {"start": "00:35:53", "end": "00:35:57", "text": "the daily here."}, {"start": "00:35:55", "end": "00:35:58", "text": "Uh, we're we're holding on here. Trend"}, {"start": "00:35:57", "end": "00:36:00", "text": "line number two failed. Watch for the"}, {"start": "00:35:58", "end": "00:36:02", "text": "retest. We got the retest. I can go"}, {"start": "00:36:00", "end": "00:36:04", "text": "ahead and That came to fruition. We go"}, {"start": "00:36:02", "end": "00:36:07", "text": "ahead and delete that."}, {"start": "00:36:04", "end": "00:36:09", "text": ">> Did we bounce off this?"}, {"start": "00:36:07", "end": "00:36:12", "text": "Yeah, we did. Okay. Came down for the"}, {"start": "00:36:09", "end": "00:36:13", "text": "retest. Came down for the double retest"}, {"start": "00:36:12", "end": "00:36:15", "text": "with the wick."}, {"start": "00:36:13", "end": "00:36:16", "text": ">> It's turning red. That's just a horrible"}, {"start": "00:36:15", "end": "00:36:18", "text": "looking candle. What's that? A daily"}, {"start": "00:36:16", "end": "00:36:19", "text": "like Darth Maul candle. Is that what"}, {"start": "00:36:18", "end": "00:36:20", "text": "we're dealing with?"}, {"start": "00:36:19", "end": "00:36:22", "text": ">> If this were to you talking about this"}, {"start": "00:36:20", "end": "00:36:24", "text": "one? Yeah. If this were to close right"}, {"start": "00:36:22", "end": "00:36:25", "text": "here, this would be a Dogee reversal"}, {"start": "00:36:24", "end": "00:36:26", "text": "candle."}, {"start": "00:36:25", "end": "00:36:27", "text": ">> Okay. Okay."}, {"start": "00:36:26", "end": "00:36:31", "text": ">> Which is bullish."}, {"start": "00:36:27", "end": "00:36:33", "text": ">> Well, you know, I I I still feel like"}, {"start": "00:36:31", "end": "00:36:36", "text": "Cardano's cult can hold the line at 24"}, {"start": "00:36:33", "end": "00:36:39", "text": "cents. And that's where BJ lives. That's"}, {"start": "00:36:36", "end": "00:36:40", "text": "like some of the smartest people I know"}, {"start": "00:36:39", "end": "00:36:42", "text": "like Cardono a lot, which is the"}, {"start": "00:36:40", "end": "00:36:45", "text": "maddening part about looking at this"}, {"start": "00:36:42", "end": "00:36:48", "text": "chart and then you see some of the other"}, {"start": "00:36:45", "end": "00:36:50", "text": "altcoins running. I almost feel like I"}, {"start": "00:36:48", "end": "00:36:51", "text": "almost feel like buying some Cardano,"}, {"start": "00:36:50", "end": "00:36:52", "text": "seeing it beat down."}, {"start": "00:36:51", "end": "00:36:55", "text": ">> I don't hate it. I don't hate it. If you"}, {"start": "00:36:52", "end": "00:36:57", "text": "do self custody and stake at the DZ"}, {"start": "00:36:55", "end": "00:36:58", "text": "stake pool and you earn rewards every 5"}, {"start": "00:36:57", "end": "00:37:02", "text": "days."}, {"start": "00:36:58", "end": "00:37:04", "text": ">> Do I feel Am I insane? You know, like"}, {"start": "00:37:02", "end": "00:37:06", "text": ">> I've been telling you to buy hype. Yeah,"}, {"start": "00:37:04", "end": "00:37:09", "text": "I mean I know that and I've been like"}, {"start": "00:37:06", "end": "00:37:13", "text": "mostly out of altcoins, but like seeing"}, {"start": "00:37:09", "end": "00:37:16", "text": "that level get defended so many times on"}, {"start": "00:37:13", "end": "00:37:19", "text": "uh Cardono only it only makes me want to"}, {"start": "00:37:16", "end": "00:37:21", "text": "buy it more, you know, like I I don't"}, {"start": "00:37:19", "end": "00:37:24", "text": "like buying things that are"}, {"start": "00:37:21", "end": "00:37:27", "text": "skyrocketing. This is AVAC. The AVAC"}, {"start": "00:37:24", "end": "00:37:30", "text": "community is enchanted."}, {"start": "00:37:27", "end": "00:37:33", "text": ">> California DMV"}, {"start": "00:37:30", "end": "00:37:35", "text": "AVAC has an identity crisis. They don't"}, {"start": "00:37:33", "end": "00:37:36", "text": "know who they are. It's a he they you"}, {"start": "00:37:35", "end": "00:37:37", "text": "know they don't they don't even figure"}, {"start": "00:37:36", "end": "00:37:39", "text": "it out. But it's"}, {"start": "00:37:37", "end": "00:37:42", "text": ">> Robert Downey Jr. and Tropic Thunder."}, {"start": "00:37:39", "end": "00:37:44", "text": ">> Yeah. Am I the grizzle pirate? Am I the"}, {"start": "00:37:42", "end": "00:37:47", "text": "British aristocrat?"}, {"start": "00:37:44", "end": "00:37:48", "text": ">> Yeah. I don't know who I am. This"}, {"start": "00:37:47", "end": "00:37:48", "text": ">> that chart looks like it's going to"}, {"start": "00:37:48", "end": "00:37:50", "text": "break."}, {"start": "00:37:48", "end": "00:37:51", "text": ">> We do have a target. We do have a"}, {"start": "00:37:50", "end": "00:37:52", "text": "target."}, {"start": "00:37:51", "end": "00:37:55", "text": ">> Guess you go when it first touched the"}, {"start": "00:37:52", "end": "00:37:57", "text": "bottom. First touch the top."}, {"start": "00:37:55", "end": "00:38:00", "text": "Going to be right here."}, {"start": "00:37:57", "end": "00:38:03", "text": "Move this to the current area."}, {"start": "00:38:00", "end": "00:38:05", "text": "Could we could see $11.40. Oh my god."}, {"start": "00:38:03", "end": "00:38:06", "text": "Look at that. Look how Look at that."}, {"start": "00:38:05", "end": "00:38:08", "text": "That's going to happen."}, {"start": "00:38:06", "end": "00:38:10", "text": ">> I'm making the predict. I think so."}, {"start": "00:38:08", "end": "00:38:11", "text": ">> It's got to retrace to the scene of the"}, {"start": "00:38:10", "end": "00:38:14", "text": "crime, Drew."}, {"start": "00:38:11", "end": "00:38:16", "text": ">> Yeah. I mean, the the sentiment is so"}, {"start": "00:38:14", "end": "00:38:18", "text": "bad. Like, it can't get much worse"}, {"start": "00:38:16", "end": "00:38:21", "text": "unless the AVAC Foundation just dumped"}, {"start": "00:38:18", "end": "00:38:24", "text": "the rest of what they have. Um,"}, {"start": "00:38:21", "end": "00:38:26", "text": "you know, so God, I mean, that actually"}, {"start": "00:38:24", "end": "00:38:27", "text": "does when you're looking at those trend"}, {"start": "00:38:26", "end": "00:38:28", "text": "lines is trying to break a"}, {"start": "00:38:27", "end": "00:38:29", "text": ">> I mean, look how clean the support is."}, {"start": "00:38:28", "end": "00:38:30", "text": "Yeah."}, {"start": "00:38:29", "end": "00:38:32", "text": ">> Yeah. We gave you this bottom trend line"}, {"start": "00:38:30", "end": "00:38:34", "text": "a while ago. Just, you know, catching"}, {"start": "00:38:32", "end": "00:38:35", "text": "the bottoms right there. Yeah, this is"}, {"start": "00:38:34", "end": "00:38:37", "text": "boom, boom, boom, boom. It keeps"}, {"start": "00:38:35", "end": "00:38:38", "text": "bouncing. It keeps bouncing. They try to"}, {"start": "00:38:37", "end": "00:38:40", "text": "push it down. It's like a beach ball."}, {"start": "00:38:38", "end": "00:38:42", "text": "They're trying to push it on the water."}, {"start": "00:38:40", "end": "00:38:43", "text": "That thing's shooting up, though."}, {"start": "00:38:42", "end": "00:38:44", "text": ">> Should we do it? Should you're making me"}, {"start": "00:38:43", "end": "00:38:47", "text": "want a long AVAC?"}, {"start": "00:38:44", "end": "00:38:50", "text": ">> All right, let's go to XRP."}, {"start": "00:38:47", "end": "00:38:52", "text": "The one minute candle's looking brutal."}, {"start": "00:38:50", "end": "00:38:54", "text": "Oh, that's not that's not good. Let's"}, {"start": "00:38:52", "end": "00:38:55", "text": "back up. Let's back up. Trend line is"}, {"start": "00:38:54", "end": "00:38:58", "text": "the trend line that goes back to"}, {"start": "00:38:55", "end": "00:39:00", "text": "February 5th. We gave you this level a"}, {"start": "00:38:58", "end": "00:39:02", "text": "while ago. And looking at the daily, I"}, {"start": "00:39:00", "end": "00:39:04", "text": "mean, it's yeah, we fell below, hit"}, {"start": "00:39:02", "end": "00:39:06", "text": "against it. We're hitting against it"}, {"start": "00:39:04", "end": "00:39:08", "text": "again. But again, Drew, these are some"}, {"start": "00:39:06", "end": "00:39:10", "text": "daily reversal candles if it were to"}, {"start": "00:39:08", "end": "00:39:12", "text": "close right here. But we still have"}, {"start": "00:39:10", "end": "00:39:14", "text": "eight hours on this daily candle. So, I"}, {"start": "00:39:12", "end": "00:39:16", "text": "would say highly unlikely it can"}, {"start": "00:39:14", "end": "00:39:18", "text": "continue to close right here at this"}, {"start": "00:39:16", "end": "00:39:20", "text": "range. But maybe it will. Maybe it will."}, {"start": "00:39:18", "end": "00:39:22", "text": ">> Yeah, that XRP due to the gym was awful"}, {"start": "00:39:20", "end": "00:39:23", "text": "quiet today, so I knew something was"}, {"start": "00:39:22", "end": "00:39:24", "text": "going wrong."}, {"start": "00:39:23", "end": "00:39:26", "text": ">> Yeah, he's watching the show and he saw"}, {"start": "00:39:24", "end": "00:39:26", "text": "it reject on the trend line this"}, {"start": "00:39:26", "end": "00:39:26", "text": "morning."}, {"start": "00:39:26", "end": "00:39:28", "text": ">> Yeah."}, {"start": "00:39:26", "end": "00:39:29", "text": ">> He was just looking. And what time were"}, {"start": "00:39:28", "end": "00:39:31", "text": "you working out?"}, {"start": "00:39:29", "end": "00:39:33", "text": ">> Uh about like 8:00, 8:30."}, {"start": "00:39:31", "end": "00:39:35", "text": ">> It was right there. I'm just kidding."}, {"start": "00:39:33", "end": "00:39:37", "text": ">> He saw my trend line. He like checked"}, {"start": "00:39:35", "end": "00:39:39", "text": "the Trading View charts and he's like,"}, {"start": "00:39:37", "end": "00:39:42", "text": "\"Uh, Dy's trend line struck again. It"}, {"start": "00:39:39", "end": "00:39:45", "text": "bit me like a rattlesnake in my boot.\""}, {"start": "00:39:42", "end": "00:39:47", "text": ">> Well, XRP versus Bitcoin, can we can we"}, {"start": "00:39:45", "end": "00:39:49", "text": "just while we're on XRP, can we see how"}, {"start": "00:39:47", "end": "00:39:51", "text": "it's holding up against Bitcoin? Cuz"}, {"start": "00:39:49", "end": "00:39:53", "text": "like over the course of the last like"}, {"start": "00:39:51", "end": "00:39:55", "text": "few years, it hasn't looked like that"}, {"start": "00:39:53", "end": "00:39:57", "text": "bad of a graph."}, {"start": "00:39:55", "end": "00:40:00", "text": "It's trying to find some support. This"}, {"start": "00:39:57", "end": "00:40:04", "text": "is another like old range that we drew"}, {"start": "00:40:00", "end": "00:40:05", "text": "out and is still just just drapesing"}, {"start": "00:40:04", "end": "00:40:07", "text": "along this middle point"}, {"start": "00:40:05", "end": "00:40:09", "text": ">> like a goes a little below"}, {"start": "00:40:07", "end": "00:40:12", "text": ">> heartbeat line to the bottom."}, {"start": "00:40:09", "end": "00:40:15", "text": ">> You just just keep doing this. You just"}, {"start": "00:40:12", "end": "00:40:16", "text": "keep sliding them over."}, {"start": "00:40:15", "end": "00:40:17", "text": ">> Just going to keep doing it. I'm gonna"}, {"start": "00:40:16", "end": "00:40:18", "text": "leave them there. We'll see what"}, {"start": "00:40:17", "end": "00:40:20", "text": "happens."}, {"start": "00:40:18", "end": "00:40:22", "text": ">> Interesting. Well, you know, I know the"}, {"start": "00:40:20", "end": "00:40:24", "text": "normies love it. And when I say normies,"}, {"start": "00:40:22", "end": "00:40:27", "text": "other people in real life and I live"}, {"start": "00:40:24", "end": "00:40:28", "text": "almost in Alabama, so it's it's always a"}, {"start": "00:40:27", "end": "00:40:31", "text": "trip hearing someone at the gas station"}, {"start": "00:40:28", "end": "00:40:33", "text": "talk about XRP or, you know, at the gym"}, {"start": "00:40:31", "end": "00:40:35", "text": "when um you know, I live out in the"}, {"start": "00:40:33", "end": "00:40:38", "text": "sticks. But"}, {"start": "00:40:35", "end": "00:40:41", "text": ">> you know what, the ETFs"}, {"start": "00:40:38", "end": "00:40:41", "text": "have we were watching the ETFs all last"}, {"start": "00:40:41", "end": "00:40:43", "text": "week."}, {"start": "00:40:41", "end": "00:40:45", "text": ">> Yeah. You want to check on so so value?"}, {"start": "00:40:43", "end": "00:40:47", "text": "Well, we did. I mean, we covered the"}, {"start": "00:40:45", "end": "00:40:50", "text": "Bitcoin ETFs. Massive outflows. Huge"}, {"start": "00:40:47", "end": "00:40:52", "text": "huge outflows. But we could see if these"}, {"start": "00:40:50", "end": "00:40:53", "text": "altcoins how they do on Friday because I"}, {"start": "00:40:52", "end": "00:40:55", "text": "I don't think they're going to be open"}, {"start": "00:40:53", "end": "00:41:01", "text": "on Monday here. So, like we said,"}, {"start": "00:40:55", "end": "00:41:06", "text": "Bitcoin, huge outflow. ETH, scroll down,"}, {"start": "00:41:01", "end": "00:41:06", "text": "huge outflow. Let's go to XRP"}, {"start": "00:41:07", "end": "00:41:09", "text": "inflow."}, {"start": "00:41:08", "end": "00:41:12", "text": ">> Okay,"}, {"start": "00:41:09", "end": "00:41:12", "text": ">> let's look at hype."}, {"start": "00:41:13", "end": "00:41:17", "text": "Another inflow. Another inflow. And I I"}, {"start": "00:41:16", "end": "00:41:20", "text": "highly doubt Chain Link has broke it"}, {"start": "00:41:17", "end": "00:41:21", "text": "streak. Yeah, it's almost like we're see"}, {"start": "00:41:20", "end": "00:41:24", "text": "continues"}, {"start": "00:41:21", "end": "00:41:27", "text": ">> more strength in the altcoin ETFs rather"}, {"start": "00:41:24", "end": "00:41:28", "text": "than Bitcoin and ETH, which is kind of"}, {"start": "00:41:27", "end": "00:41:31", "text": "crazy to see."}, {"start": "00:41:28", "end": "00:41:32", "text": ">> I think the strong alts are starting to"}, {"start": "00:41:31", "end": "00:41:34", "text": "be noticed and I think people are"}, {"start": "00:41:32", "end": "00:41:36", "text": "selling the dead altcoins and buying"}, {"start": "00:41:34", "end": "00:41:36", "text": "these strong strong altcoins."}, {"start": "00:41:36", "end": "00:41:38", "text": ">> Okay,"}, {"start": "00:41:36", "end": "00:41:40", "text": ">> and I'm going to talk about some dead"}, {"start": "00:41:38", "end": "00:41:42", "text": "L2s in in a little bit too. Uh let's"}, {"start": "00:41:40", "end": "00:41:44", "text": "look at just some breaking news here."}, {"start": "00:41:42", "end": "00:41:46", "text": "Spain shutting down Poly Market,"}, {"start": "00:41:44", "end": "00:41:48", "text": "shutting down Koshi here. Spain grows"}, {"start": "00:41:46", "end": "00:41:51", "text": "growing list of countries shutting out"}, {"start": "00:41:48", "end": "00:41:53", "text": "poly market and KHI especially as they"}, {"start": "00:41:51", "end": "00:41:56", "text": "get towards some elections here. So if"}, {"start": "00:41:53", "end": "00:41:57", "text": "if you're the party in control, you do"}, {"start": "00:41:56", "end": "00:41:59", "text": "not like these prediction markets"}, {"start": "00:41:57", "end": "00:42:02", "text": "because they're poking a lot of holes in"}, {"start": "00:41:59", "end": "00:42:03", "text": "the polling data. I just the hole in the"}, {"start": "00:42:02", "end": "00:42:05", "text": "pole. They're poking the hole in the"}, {"start": "00:42:03", "end": "00:42:06", "text": "pole."}, {"start": "00:42:05", "end": "00:42:08", "text": ">> That's it's got really gross really."}, {"start": "00:42:06", "end": "00:42:10", "text": ">> And that takes me to this news. Hyperlid"}, {"start": "00:42:08", "end": "00:42:12", "text": "now launching their own prediction"}, {"start": "00:42:10", "end": "00:42:14", "text": "market for real world events. Now they"}, {"start": "00:42:12", "end": "00:42:16", "text": "only have a couple things. First market"}, {"start": "00:42:14", "end": "00:42:18", "text": "is going to be the May CPI numbers,"}, {"start": "00:42:16", "end": "00:42:20", "text": "year-over-year change, and then they're"}, {"start": "00:42:18", "end": "00:42:22", "text": "going to do the June federal fund rates"}, {"start": "00:42:20", "end": "00:42:24", "text": "decision. And so, if you think of early"}, {"start": "00:42:22", "end": "00:42:25", "text": "days of poly market, they mostly only"}, {"start": "00:42:24", "end": "00:42:27", "text": "had a few things. And then that's when"}, {"start": "00:42:25", "end": "00:42:29", "text": "it started going into is it going to be"}, {"start": "00:42:27", "end": "00:42:31", "text": "cloudy in Denver tomorrow? You know,"}, {"start": "00:42:29", "end": "00:42:33", "text": "that's when it really starts to branch"}, {"start": "00:42:31", "end": "00:42:34", "text": "out and, you know, start hitting a lot"}, {"start": "00:42:33", "end": "00:42:38", "text": "of different things."}, {"start": "00:42:34", "end": "00:42:40", "text": ">> Well, it's good to see hype uh tapping"}, {"start": "00:42:38", "end": "00:42:43", "text": "into that market, too. Um I I think it"}, {"start": "00:42:40", "end": "00:42:44", "text": "was you know hyperlquid prediction"}, {"start": "00:42:43", "end": "00:42:48", "text": "markets was definitely something that I"}, {"start": "00:42:44", "end": "00:42:52", "text": "saw but also you know lending hyperlquid"}, {"start": "00:42:48", "end": "00:42:55", "text": "lending and that market of defi hasn't"}, {"start": "00:42:52", "end": "00:42:57", "text": "really been tapped yet by uh hyperlquid"}, {"start": "00:42:55", "end": "00:42:59", "text": "so that's also a sector within the hype"}, {"start": "00:42:57", "end": "00:43:00", "text": "ecosystem I'm watching"}, {"start": "00:42:59", "end": "00:43:03", "text": ">> I would say avoided after a"}, {"start": "00:43:00", "end": "00:43:05", "text": ">> think so well I just feel like a is"}, {"start": "00:43:03", "end": "00:43:07", "text": "bleeding interest other to other places"}, {"start": "00:43:05", "end": "00:43:09", "text": "that's why I feel like morpho is doing"}, {"start": "00:43:07", "end": "00:43:11", "text": "so well it's because a falls"}, {"start": "00:43:09", "end": "00:43:13", "text": "DeFi people, they don't just go away and"}, {"start": "00:43:11", "end": "00:43:15", "text": "give up on, you know, taking loans out"}, {"start": "00:43:13", "end": "00:43:15", "text": "against crypto. They just go to a new"}, {"start": "00:43:15", "end": "00:43:16", "text": "spot."}, {"start": "00:43:15", "end": "00:43:17", "text": ">> Where's the yield come from?"}, {"start": "00:43:16", "end": "00:43:19", "text": ">> Where's the yield?"}, {"start": "00:43:17", "end": "00:43:20", "text": ">> That's the question. That's always the"}, {"start": "00:43:19", "end": "00:43:22", "text": "question."}, {"start": "00:43:20", "end": "00:43:24", "text": ">> Yeah, the vaulted yield structure on"}, {"start": "00:43:22", "end": "00:43:27", "text": "Morpho is pretty uh you know, but"}, {"start": "00:43:24", "end": "00:43:29", "text": "Hyperlquid yield from revenue, right? I"}, {"start": "00:43:27", "end": "00:43:32", "text": "mean, they have they're a very strong"}, {"start": "00:43:29", "end": "00:43:33", "text": "revenue machine from trading volume. So,"}, {"start": "00:43:32", "end": "00:43:35", "text": "you know, I I think that they could"}, {"start": "00:43:33", "end": "00:43:35", "text": "actually probably do it pretty"}, {"start": "00:43:35", "end": "00:43:37", "text": "effectively."}, {"start": "00:43:35", "end": "00:43:38", "text": ">> No diddy. No diddy. All right,"}, {"start": "00:43:37", "end": "00:43:40", "text": "everybody. So, let's look at these"}, {"start": "00:43:38", "end": "00:43:44", "text": "numbers from Hype. So, Coinbase, they"}, {"start": "00:43:40", "end": "00:43:49", "text": "lost 400 million from 1.4 in Q1 revenue."}, {"start": "00:43:44", "end": "00:43:53", "text": "They had 4,300 employees. Hyper made 192"}, {"start": "00:43:49", "end": "00:43:55", "text": "million with 11 people. With 11 people,"}, {"start": "00:43:53", "end": "00:43:59", "text": "all of this went straight to hype"}, {"start": "00:43:55", "end": "00:44:00", "text": "buybacks. You guys notice something?"}, {"start": "00:43:59", "end": "00:44:02", "text": "Let's look at the hype chart. All right."}, {"start": "00:44:00", "end": "00:44:04", "text": "So, what do we got with hype? hype."}, {"start": "00:44:02", "end": "00:44:06", "text": "Looking at the daily, there's a little"}, {"start": "00:44:04", "end": "00:44:08", "text": "bit of a trend line and we have now"}, {"start": "00:44:06", "end": "00:44:10", "text": "knocked against this 1 2 3 4 on the"}, {"start": "00:44:08", "end": "00:44:12", "text": "fifth day. We have knocked against this"}, {"start": "00:44:10", "end": "00:44:14", "text": "five days. But let's read what do what"}, {"start": "00:44:12", "end": "00:44:16", "text": "do we have here? First thing we see"}, {"start": "00:44:14", "end": "00:44:17", "text": "small time frames equals strength. So"}, {"start": "00:44:16", "end": "00:44:18", "text": "what am I seeing on the small time"}, {"start": "00:44:17", "end": "00:44:21", "text": "frames?"}, {"start": "00:44:18", "end": "00:44:23", "text": "Seeing nice little Yeah, RSI is moving"}, {"start": "00:44:21", "end": "00:44:26", "text": "up. RSI is looking good. Let's go to the"}, {"start": "00:44:23", "end": "00:44:28", "text": "25m minute here. Oh yeah, nice bold"}, {"start": "00:44:26", "end": "00:44:30", "text": "divs. I mean things are looking fairly"}, {"start": "00:44:28", "end": "00:44:33", "text": "okay on the small time frames. They're"}, {"start": "00:44:30", "end": "00:44:35", "text": "looking okay. Watch the trend line. We"}, {"start": "00:44:33", "end": "00:44:36", "text": "Here's the trend line. Caught the top"}, {"start": "00:44:35", "end": "00:44:38", "text": "here. Caught the top here. So, this is"}, {"start": "00:44:36", "end": "00:44:39", "text": "going all the way back to February 13th."}, {"start": "00:44:38", "end": "00:44:42", "text": "A little bit older than I even thought"}, {"start": "00:44:39", "end": "00:44:45", "text": "here. Next thing, daily RSI still"}, {"start": "00:44:42", "end": "00:44:47", "text": "bearish quotations or parenthesis"}, {"start": "00:44:45", "end": "00:44:49", "text": "slightly slightly bearish. So, what do I"}, {"start": "00:44:47", "end": "00:44:52", "text": "mean by slightly bearish? Well, we are"}, {"start": "00:44:49", "end": "00:44:55", "text": "putting in a bare div, but if you look"}, {"start": "00:44:52", "end": "00:44:57", "text": "at other bare divs, you see a bigger"}, {"start": "00:44:55", "end": "00:45:00", "text": "gap. You see it move to the downside a"}, {"start": "00:44:57", "end": "00:45:02", "text": "little bit more. uh here, you know, that"}, {"start": "00:45:00", "end": "00:45:04", "text": "one's fairly equal, but let's keep"}, {"start": "00:45:02", "end": "00:45:06", "text": "going. Yeah, look, look how large this"}, {"start": "00:45:04", "end": "00:45:08", "text": "gap is to the downside for this bear"}, {"start": "00:45:06", "end": "00:45:09", "text": "div. That is a bear div even though the"}, {"start": "00:45:08", "end": "00:45:11", "text": "price is going higher. So, when you look"}, {"start": "00:45:09", "end": "00:45:14", "text": "at the bare div right now, it's like,"}, {"start": "00:45:11", "end": "00:45:16", "text": "what is this a bear div for ants? It's a"}, {"start": "00:45:14", "end": "00:45:18", "text": "small one. It's a small one. Next thing,"}, {"start": "00:45:16", "end": "00:45:20", "text": "small time frames can change that. So,"}, {"start": "00:45:18", "end": "00:45:23", "text": "as these small time frames start looking"}, {"start": "00:45:20", "end": "00:45:26", "text": "good, this RSI on the daily can go"}, {"start": "00:45:23", "end": "00:45:27", "text": "higher, totally negating the bear div or"}, {"start": "00:45:26", "end": "00:45:29", "text": "we could put in two or three bare ds on"}, {"start": "00:45:27", "end": "00:45:32", "text": "the daily. But look at this. The last"}, {"start": "00:45:29", "end": "00:45:34", "text": "thing I wrote down, daily RSI, not near"}, {"start": "00:45:32", "end": "00:45:37", "text": "all-time highs. So, the all-time high"}, {"start": "00:45:34", "end": "00:45:40", "text": "for RSI is right here and basically"}, {"start": "00:45:37", "end": "00:45:42", "text": "right here. This one was a peak, but"}, {"start": "00:45:40", "end": "00:45:44", "text": "Hyperlid was so new, the vast majority,"}, {"start": "00:45:42", "end": "00:45:45", "text": "all these people got these tokens for"}, {"start": "00:45:44", "end": "00:45:46", "text": "free. They were just dumping. They're"}, {"start": "00:45:45", "end": "00:45:47", "text": "like, \"Look, you know, I got I got to"}, {"start": "00:45:46", "end": "00:45:49", "text": "make some money with this.\" So, they end"}, {"start": "00:45:47", "end": "00:45:52", "text": "up dumping the token. Then, you can see"}, {"start": "00:45:49", "end": "00:45:55", "text": "the RSI hit that high again, but it kept"}, {"start": "00:45:52", "end": "00:45:57", "text": "pumping. It kept pumping. It would pump"}, {"start": "00:45:55", "end": "00:46:00", "text": "an additional 50%. It basically went"}, {"start": "00:45:57", "end": "00:46:02", "text": "from $40 to $60. We told you about the"}, {"start": "00:46:00", "end": "00:46:05", "text": "round numbers that Hyperlid likes to,"}, {"start": "00:46:02", "end": "00:46:07", "text": ">> let's just say, respect. So, the RSI, we"}, {"start": "00:46:05", "end": "00:46:10", "text": "have a lot of room to go when you're"}, {"start": "00:46:07", "end": "00:46:12", "text": "looking at the RSI right here. So, I I'm"}, {"start": "00:46:10", "end": "00:46:16", "text": "not saying, you know, this is the top. I"}, {"start": "00:46:12", "end": "00:46:19", "text": "I'm still entertaining a $80 hyperlquid,"}, {"start": "00:46:16", "end": "00:46:22", "text": "which you do see on the logarithmic"}, {"start": "00:46:19", "end": "00:46:24", "text": "chart right here. And let me pull it up."}, {"start": "00:46:22", "end": "00:46:26", "text": "Boom. There you go."}, {"start": "00:46:24", "end": "00:46:27", "text": ">> Jeez. So that's the top of the channel"}, {"start": "00:46:26", "end": "00:46:28", "text": "here."}, {"start": "00:46:27", "end": "00:46:30", "text": ">> Yeah. But only on log."}, {"start": "00:46:28", "end": "00:46:32", "text": ">> Yeah. Um"}, {"start": "00:46:30", "end": "00:46:35", "text": "that swooping pattern that I saw on the"}, {"start": "00:46:32", "end": "00:46:38", "text": "RSI on the larger time frame too is kind"}, {"start": "00:46:35", "end": "00:46:40", "text": "of telling me that it does have uh a"}, {"start": "00:46:38", "end": "00:46:43", "text": "little bit of a little bit of action"}, {"start": "00:46:40", "end": "00:46:44", "text": "still. Like that RSI has found support"}, {"start": "00:46:43", "end": "00:46:46", "text": "at the midpoint. The"}, {"start": "00:46:44", "end": "00:46:47", "text": ">> look at the daily money flow."}, {"start": "00:46:46", "end": "00:46:50", "text": ">> That thing is looking really good."}, {"start": "00:46:47", "end": "00:46:52", "text": ">> Look at the weekly money flow. Go the"}, {"start": "00:46:50", "end": "00:46:54", "text": "three-day. Oh, look at that three-day"}, {"start": "00:46:52", "end": "00:46:56", "text": "money flow, Drew. Yeah, like all coin"}, {"start": "00:46:54", "end": "00:46:57", "text": "like crypto people are still looking for"}, {"start": "00:46:56", "end": "00:47:00", "text": "the hot new ticket and hype has been"}, {"start": "00:46:57", "end": "00:47:01", "text": "that for a little bit of time. Um"}, {"start": "00:47:00", "end": "00:47:03", "text": ">> I I was checking out, you know, I did"}, {"start": "00:47:01", "end": "00:47:05", "text": "that hyper video. We put two altcoins"}, {"start": "00:47:03", "end": "00:47:06", "text": "for the best altcoins in 2026."}, {"start": "00:47:05", "end": "00:47:08", "text": ">> Yeah,"}, {"start": "00:47:06", "end": "00:47:10", "text": ">> one of them was Hyperlid. This was a"}, {"start": "00:47:08", "end": "00:47:12", "text": "video we put out in December 17th."}, {"start": "00:47:10", "end": "00:47:12", "text": ">> Yeah, it's been performing really good,"}, {"start": "00:47:12", "end": "00:47:13", "text": "man."}, {"start": "00:47:12", "end": "00:47:15", "text": ">> And no, I did choose Cardano for the"}, {"start": "00:47:13", "end": "00:47:17", "text": "other one. Don't you say it. Don't you"}, {"start": "00:47:15", "end": "00:47:19", "text": "dare say it."}, {"start": "00:47:17", "end": "00:47:21", "text": ">> What do What do we do with Cardono? Like"}, {"start": "00:47:19", "end": "00:47:22", "text": "I'm not in Cardano, so I'm in a"}, {"start": "00:47:21", "end": "00:47:24", "text": "different situation than others."}, {"start": "00:47:22", "end": "00:47:26", "text": ">> I mean, I had someone do that super"}, {"start": "00:47:24", "end": "00:47:28", "text": "chat. I said, \"Sell 10% into hype today,"}, {"start": "00:47:26", "end": "00:47:29", "text": "right now.\" You know, I said that last"}, {"start": "00:47:28", "end": "00:47:30", "text": "week. I wish I would have told him more"}, {"start": "00:47:29", "end": "00:47:31", "text": "because that was right before we had"}, {"start": "00:47:30", "end": "00:47:34", "text": "that little spike."}, {"start": "00:47:31", "end": "00:47:38", "text": ">> Yeah. I'm not going to go too hard into"}, {"start": "00:47:34", "end": "00:47:39", "text": "Cardono, but as much trash as I talk"}, {"start": "00:47:38", "end": "00:47:40", "text": "about Cardono, I"}, {"start": "00:47:39", "end": "00:47:42", "text": ">> I love the community at the end of the"}, {"start": "00:47:40", "end": "00:47:45", "text": "day. I do love the community there. You"}, {"start": "00:47:42", "end": "00:47:47", "text": "ready to look at a not great community?"}, {"start": "00:47:45", "end": "00:47:49", "text": "What was the, you know, 2021, what was"}, {"start": "00:47:47", "end": "00:47:51", "text": "the most popular altcoin besides"}, {"start": "00:47:49", "end": "00:47:54", "text": "Dogecoin?"}, {"start": "00:47:51", "end": "00:47:56", "text": ">> Uh, was it uh like the metaverse coins?"}, {"start": "00:47:54", "end": "00:47:58", "text": "Was it uh SAND?"}, {"start": "00:47:56", "end": "00:47:59", "text": ">> No, no, like a alt like a memecoin."}, {"start": "00:47:58", "end": "00:48:00", "text": "Sorry. What was the most popular meme"}, {"start": "00:47:59", "end": "00:48:02", "text": "coin? Not"}, {"start": "00:48:00", "end": "00:48:02", "text": ">> Dogeu."}, {"start": "00:48:02", "end": "00:48:05", "text": ">> Yeah,"}, {"start": "00:48:02", "end": "00:48:08", "text": ">> look at this. Shibbeinu burn rate makes"}, {"start": "00:48:05", "end": "00:48:11", "text": "a U-turn. $2 burned in a day."}, {"start": "00:48:08", "end": "00:48:14", "text": ">> That's bullish. We are up only. flee"}, {"start": "00:48:11", "end": "00:48:18", "text": "this sinking ratinfested ship."}, {"start": "00:48:14", "end": "00:48:20", "text": ">> Yeah, I'm friends with a dev. Um, you"}, {"start": "00:48:18", "end": "00:48:22", "text": "know, and he would get mad at me every"}, {"start": "00:48:20", "end": "00:48:24", "text": "time I brought it up. Shib felt dead for"}, {"start": "00:48:22", "end": "00:48:26", "text": "a long time. The ship verse. Do they"}, {"start": "00:48:24", "end": "00:48:27", "text": "ever do anything with the ship?"}, {"start": "00:48:26", "end": "00:48:29", "text": ">> I don't know."}, {"start": "00:48:27", "end": "00:48:30", "text": ">> I knew that things were"}, {"start": "00:48:29", "end": "00:48:33", "text": ">> layer 2. Remember that?"}, {"start": "00:48:30", "end": "00:48:35", "text": ">> Yeah. It's just such a scoff, you know?"}, {"start": "00:48:33", "end": "00:48:38", "text": "Um, that's why it's hard to like hold"}, {"start": "00:48:35", "end": "00:48:39", "text": "these meme coins like cycle over cycle."}, {"start": "00:48:38", "end": "00:48:43", "text": "Like I I kind of feel like people that"}, {"start": "00:48:39", "end": "00:48:45", "text": "do that are a little insane. Um RIP to"}, {"start": "00:48:43", "end": "00:48:48", "text": "Shibbeinu though. RIP."}, {"start": "00:48:45", "end": "00:48:51", "text": ">> Oh man. Yeah. Three uh you're like,"}, {"start": "00:48:48", "end": "00:48:55", "text": "whoa, 380,000 tokens were burned. Oh,"}, {"start": "00:48:51", "end": "00:48:57", "text": "there's so many zeros. It's only $2."}, {"start": "00:48:55", "end": "00:48:59", "text": ">> And that's what gets new crypto people"}, {"start": "00:48:57", "end": "00:49:00", "text": "because they're like, I was able to get"}, {"start": "00:48:59", "end": "00:49:02", "text": "10 trillion coins."}, {"start": "00:49:00", "end": "00:49:04", "text": ">> If it just goes to one penny."}, {"start": "00:49:02", "end": "00:49:04", "text": ">> Yeah, that's all it takes. I would have"}, {"start": "00:49:04", "end": "00:49:05", "text": "10."}, {"start": "00:49:04", "end": "00:49:07", "text": ">> You don't even have to have that low an"}, {"start": "00:49:05", "end": "00:49:08", "text": "IQ to like come up with that take. It's"}, {"start": "00:49:07", "end": "00:49:10", "text": "just you you just don't know anything"}, {"start": "00:49:08", "end": "00:49:12", "text": "about market caps or"}, {"start": "00:49:10", "end": "00:49:14", "text": ">> right and I think it is good though"}, {"start": "00:49:12", "end": "00:49:16", "text": "because then they decide once they get"}, {"start": "00:49:14", "end": "00:49:17", "text": "burned on those meme coins to really"}, {"start": "00:49:16", "end": "00:49:20", "text": "start figuring out tokconomics which is"}, {"start": "00:49:17", "end": "00:49:21", "text": "a good thing eventually but I I think"}, {"start": "00:49:20", "end": "00:49:22", "text": "most people have to go through some pain"}, {"start": "00:49:21", "end": "00:49:23", "text": "before getting"}, {"start": "00:49:22", "end": "00:49:26", "text": ">> zero people running a full node on"}, {"start": "00:49:23", "end": "00:49:28", "text": "Salana but I mean did was that a"}, {"start": "00:49:26", "end": "00:49:30", "text": "conversation when it was going up to"}, {"start": "00:49:28", "end": "00:49:31", "text": "$290 no one no one cared about it"}, {"start": "00:49:30", "end": "00:49:33", "text": ">> nobody cared"}, {"start": "00:49:31", "end": "00:49:35", "text": ">> less validators and sometimes you should"}, {"start": "00:49:33", "end": "00:49:38", "text": "be more bullish uh let's look at near I"}, {"start": "00:49:35", "end": "00:49:41", "text": "do want to look at the near chart"}, {"start": "00:49:38", "end": "00:49:44", "text": "Let's go ahead and hit refresh. Boom."}, {"start": "00:49:41", "end": "00:49:47", "text": "Hit reload. Looking at near protocol and"}, {"start": "00:49:44", "end": "00:49:50", "text": "we're looking at the daily chart here."}, {"start": "00:49:47", "end": "00:49:53", "text": "So, Drew, we have blasted past this"}, {"start": "00:49:50", "end": "00:49:54", "text": "trend line here. So, it's looking at the"}, {"start": "00:49:53", "end": "00:49:56", "text": "top."}, {"start": "00:49:54", "end": "00:49:58", "text": ">> I know a lot of people are trying to"}, {"start": "00:49:56", "end": "00:50:00", "text": "they they see near going to like six"}, {"start": "00:49:58", "end": "00:50:02", "text": "bucks or something like that. So, if you"}, {"start": "00:50:00", "end": "00:50:04", "text": "go all the way back at April of 22 and"}, {"start": "00:50:02", "end": "00:50:06", "text": "basically it was $20. So it wicked up to"}, {"start": "00:50:04", "end": "00:50:09", "text": "19"}, {"start": "00:50:06", "end": "00:50:11", "text": "uh 1976. Great year, great year. But if"}, {"start": "00:50:09", "end": "00:50:13", "text": "we look here, you know, rejected,"}, {"start": "00:50:11", "end": "00:50:15", "text": "rejected, rejected, rejected. So"}, {"start": "00:50:13", "end": "00:50:16", "text": "basically looking at the three wicks"}, {"start": "00:50:15", "end": "00:50:18", "text": "right here. So it's where we kind of"}, {"start": "00:50:16", "end": "00:50:20", "text": "have the most touches. And if you scroll"}, {"start": "00:50:18", "end": "00:50:23", "text": "and you'll see, boom, that's where we"}, {"start": "00:50:20", "end": "00:50:25", "text": "hit right there. And if you look, it is"}, {"start": "00:50:23", "end": "00:50:27", "text": "now turned into support. Let's go to the"}, {"start": "00:50:25", "end": "00:50:29", "text": "4 hour."}, {"start": "00:50:27", "end": "00:50:30", "text": "Oh, wow. Nice. Nice little rejection."}, {"start": "00:50:29", "end": "00:50:32", "text": "Nice little rejection. I was going to"}, {"start": "00:50:30", "end": "00:50:34", "text": "what is pumping this? Probably"}, {"start": "00:50:32", "end": "00:50:36", "text": "liquidation. He I think people are"}, {"start": "00:50:34", "end": "00:50:39", "text": "getting liquidated. I did notice near"}, {"start": "00:50:36", "end": "00:50:42", "text": "climbing. What is this? Coin glass"}, {"start": "00:50:39", "end": "00:50:44", "text": "climbing coin glass's ranking system."}, {"start": "00:50:42", "end": "00:50:47", "text": "You go to symbol"}, {"start": "00:50:44", "end": "00:50:48", "text": "near. You used to have to scroll. Now"}, {"start": "00:50:47", "end": "00:50:48", "text": "it's right here."}, {"start": "00:50:48", "end": "00:50:50", "text": ">> Oh."}, {"start": "00:50:48", "end": "00:50:52", "text": ">> So people are trading near."}, {"start": "00:50:50", "end": "00:50:55", "text": ">> That's how you know because as the"}, {"start": "00:50:52", "end": "00:50:57", "text": "dollar liquid as the liquidations go up,"}, {"start": "00:50:55", "end": "00:50:58", "text": "the coin goes up."}, {"start": "00:50:57", "end": "00:51:00", "text": ">> And let's see. Yeah. Look at look how"}, {"start": "00:50:58", "end": "00:51:03", "text": "high hype is now. Hype is now just below"}, {"start": "00:51:00", "end": "00:51:04", "text": "Salana. It's above XRP. Zcash, you know,"}, {"start": "00:51:03", "end": "00:51:06", "text": "still pretty high. A lot of people still"}, {"start": "00:51:04", "end": "00:51:08", "text": "trading that one. Let's look at near."}, {"start": "00:51:06", "end": "00:51:10", "text": "Let's go to the 48 hour."}, {"start": "00:51:08", "end": "00:51:11", "text": "I mean, yeah, look, you saw that bright"}, {"start": "00:51:10", "end": "00:51:13", "text": "yellow right there. Yeah, people are"}, {"start": "00:51:11", "end": "00:51:15", "text": "just people are shorting it and then the"}, {"start": "00:51:13", "end": "00:51:15", "text": "shorts got to get wrecked."}, {"start": "00:51:15", "end": "00:51:16", "text": ">> Yeah."}, {"start": "00:51:15", "end": "00:51:18", "text": ">> And that's exactly what's happening"}, {"start": "00:51:16", "end": "00:51:20", "text": "right here. So, people keep Oh my god,"}, {"start": "00:51:18", "end": "00:51:22", "text": "they won't stop. Drew,"}, {"start": "00:51:20", "end": "00:51:24", "text": ">> this is the updated this the smallest"}, {"start": "00:51:22", "end": "00:51:25", "text": "time frame we can look. They haven't"}, {"start": "00:51:24", "end": "00:51:27", "text": "stopped. It's going to keep pumping."}, {"start": "00:51:25", "end": "00:51:28", "text": "It's going to pump above $3 now."}, {"start": "00:51:27", "end": "00:51:30", "text": ">> I know the feel too well. We're supposed"}, {"start": "00:51:28", "end": "00:51:34", "text": "to be in a bare market. You got to short"}, {"start": "00:51:30", "end": "00:51:36", "text": "it. Um, but usually if it's an idiot"}, {"start": "00:51:34", "end": "00:51:37", "text": "trade, then lots of idiots are doing it"}, {"start": "00:51:36", "end": "00:51:39", "text": "and they're all getting hurt."}, {"start": "00:51:37", "end": "00:51:41", "text": ">> I closed that long what, half hour ago?"}, {"start": "00:51:39", "end": "00:51:43", "text": "Yeah. So, okay. Looking good."}, {"start": "00:51:41", "end": "00:51:47", "text": ">> Not bad. Not bad. I I did also um was"}, {"start": "00:51:43", "end": "00:51:50", "text": "seeing some reports of near uh being"}, {"start": "00:51:47", "end": "00:51:52", "text": "part of the VV transactions as well."}, {"start": "00:51:50", "end": "00:51:54", "text": ">> Maybe, you know, I I pulled out that"}, {"start": "00:51:52", "end": "00:51:56", "text": "chart looking at near. We're like daily"}, {"start": "00:51:54", "end": "00:51:58", "text": "active users fell off. We talked about"}, {"start": "00:51:56", "end": "00:52:00", "text": "this about a month ago. They were paying"}, {"start": "00:51:58", "end": "00:52:02", "text": "people to use their chain. They faked"}, {"start": "00:52:00", "end": "00:52:04", "text": "their daily active users. They faked"}, {"start": "00:52:02", "end": "00:52:05", "text": "their volume. They they take fake their"}, {"start": "00:52:04", "end": "00:52:08", "text": "open entry. They faked everything on"}, {"start": "00:52:05", "end": "00:52:10", "text": "near. Drew, I was wondering, well, where"}, {"start": "00:52:08", "end": "00:52:13", "text": "is it at today? Well, let's go to token"}, {"start": "00:52:10", "end": "00:52:16", "text": "terminal. This is near. Uh let's zoom in"}, {"start": "00:52:13", "end": "00:52:19", "text": "a little bit. So, weekly sum fees are"}, {"start": "00:52:16", "end": "00:52:22", "text": "non-existent. Revenue falling off a"}, {"start": "00:52:19", "end": "00:52:23", "text": "cliff."}, {"start": "00:52:22", "end": "00:52:24", "text": "Uh let's see."}, {"start": "00:52:23", "end": "00:52:27", "text": ">> Really still kind of"}, {"start": "00:52:24", "end": "00:52:30", "text": ">> active users. This is where the contract"}, {"start": "00:52:27", "end": "00:52:31", "text": "ended. People still aren't using it."}, {"start": "00:52:30", "end": "00:52:33", "text": ">> What the hell is going on?"}, {"start": "00:52:31", "end": "00:52:34", "text": ">> It's people leverage trading it and"}, {"start": "00:52:33", "end": "00:52:37", "text": "people are getting wrecked. Market"}, {"start": "00:52:34", "end": "00:52:39", "text": "makers. This is all this is not natural"}, {"start": "00:52:37", "end": "00:52:42", "text": "organic usage. Oh, the near intense and"}, {"start": "00:52:39", "end": "00:52:44", "text": "Zcash uses near intense and VVV is, you"}, {"start": "00:52:42", "end": "00:52:46", "text": "know, working with it and near is just"}, {"start": "00:52:44", "end": "00:52:48", "text": "like the new chain. No, it's all fake"}, {"start": "00:52:46", "end": "00:52:51", "text": "madeup hogwash"}, {"start": "00:52:48", "end": "00:52:53", "text": ">> liquidity liquidity grabs. Okay."}, {"start": "00:52:51", "end": "00:52:53", "text": ">> Yeah. Token. Is this token terminal yet?"}, {"start": "00:52:53", "end": "00:52:55", "text": ">> Token terminal."}, {"start": "00:52:53", "end": "00:52:56", "text": ">> Okay. Yeah. I'm going to have to keep an"}, {"start": "00:52:55", "end": "00:52:58", "text": "eye on this one because a lot of people"}, {"start": "00:52:56", "end": "00:52:59", "text": "are asking about Near."}, {"start": "00:52:58", "end": "00:53:01", "text": ">> So, the person who asked me if they"}, {"start": "00:52:59", "end": "00:53:04", "text": "should sell their Cardano, they up the"}, {"start": "00:53:01", "end": "00:53:08", "text": "10% to 50% the next day. Everybody smash"}, {"start": "00:53:04", "end": "00:53:11", "text": "the like button for E46. E, not E40."}, {"start": "00:53:08", "end": "00:53:14", "text": "Tell me. No, this not the San Francisco"}, {"start": "00:53:11", "end": "00:53:15", "text": "Bay Area rapper says E46. Smash the like"}, {"start": "00:53:14", "end": "00:53:18", "text": "button. I want to see those likes really"}, {"start": "00:53:15", "end": "00:53:19", "text": "start to move. Everybody's celebrate. I"}, {"start": "00:53:18", "end": "00:53:20", "text": "I know I shouldn't celebrate someone"}, {"start": "00:53:19", "end": "00:53:23", "text": "selling their Cardano, but when they"}, {"start": "00:53:20", "end": "00:53:24", "text": "bought the hottest altcoin in existence,"}, {"start": "00:53:23", "end": "00:53:26", "text": ">> we got to celebrate that."}, {"start": "00:53:24", "end": "00:53:29", "text": ">> They're up, man. So, it's a reason to"}, {"start": "00:53:26", "end": "00:53:30", "text": "celebrate. Hell yeah. Good on you."}, {"start": "00:53:29", "end": "00:53:31", "text": ">> Thank you. Thank you very much. I'm"}, {"start": "00:53:30", "end": "00:53:33", "text": "glad. Thanks for the update there."}, {"start": "00:53:31", "end": "00:53:36", "text": ">> Yeah. Uh let's look at Salana. Let's"}, {"start": "00:53:33", "end": "00:53:39", "text": "quickly look. Okay, Salana. This is not"}, {"start": "00:53:36", "end": "00:53:42", "text": "looking good. This is not looking good."}, {"start": "00:53:39", "end": "00:53:44", "text": "I was talking about in that video, I"}, {"start": "00:53:42", "end": "00:53:46", "text": "think. Yeah, those I said Salana is at"}, {"start": "00:53:44", "end": "00:53:48", "text": "resistance. Some of these other altcoins"}, {"start": "00:53:46", "end": "00:53:50", "text": "are at support. I'd rather be trading"}, {"start": "00:53:48", "end": "00:53:52", "text": "the token that's at support, not the one"}, {"start": "00:53:50", "end": "00:53:54", "text": "that's at resistance. Unless you're"}, {"start": "00:53:52", "end": "00:53:56", "text": "shorting it, in which case, yeah, that"}, {"start": "00:53:54", "end": "00:53:59", "text": "was that was the time to short right"}, {"start": "00:53:56", "end": "00:54:01", "text": "there. Look here."}, {"start": "00:53:59", "end": "00:54:03", "text": "I mean, it went to our target area."}, {"start": "00:54:01", "end": "00:54:04", "text": "Exactly. We We'll probably revisit this"}, {"start": "00:54:03", "end": "00:54:05", "text": "if I had to guess though, Drew."}, {"start": "00:54:04", "end": "00:54:07", "text": ">> Yeah,"}, {"start": "00:54:05", "end": "00:54:09", "text": ">> this isn't not This isn't looking good."}, {"start": "00:54:07", "end": "00:54:11", "text": "And even like shorting altcoins with"}, {"start": "00:54:09", "end": "00:54:13", "text": "size, I feel like market makers smell"}, {"start": "00:54:11", "end": "00:54:15", "text": "you on that chart and they go find you"}, {"start": "00:54:13", "end": "00:54:17", "text": "if you're trying to short it, you know,"}, {"start": "00:54:15", "end": "00:54:20", "text": "with large amounts. So,"}, {"start": "00:54:17", "end": "00:54:23", "text": ">> might retrace. I I like longing from 78,"}, {"start": "00:54:20", "end": "00:54:25", "text": "maybe even nibbling in at $80."}, {"start": "00:54:23", "end": "00:54:28", "text": ">> Like spot purchases anywhere in the 70s"}, {"start": "00:54:25", "end": "00:54:29", "text": "I feel like better on Salana. Um, you"}, {"start": "00:54:28", "end": "00:54:31", "text": "know, because it made me some money last"}, {"start": "00:54:29", "end": "00:54:32", "text": "cycle and I think it's going to be"}, {"start": "00:54:31", "end": "00:54:34", "text": "around for a while."}, {"start": "00:54:32", "end": "00:54:34", "text": ">> Oh, you want the hot Salana? The new"}, {"start": "00:54:34", "end": "00:54:36", "text": "new."}, {"start": "00:54:34", "end": "00:54:38", "text": ">> Got some new."}, {"start": "00:54:36", "end": "00:54:39", "text": ">> All right. What is Tony obsessed with"}, {"start": "00:54:38", "end": "00:54:40", "text": "right now?"}, {"start": "00:54:39", "end": "00:54:41", "text": ">> Pokemon."}, {"start": "00:54:40", "end": "00:54:42", "text": ">> Pokemon."}, {"start": "00:54:41", "end": "00:54:44", "text": ">> Yeah,"}, {"start": "00:54:42", "end": "00:54:46", "text": ">> there's an altcoin on Salana. It's all"}, {"start": "00:54:44", "end": "00:54:49", "text": "about tokenizing Pokemon cards."}, {"start": "00:54:46", "end": "00:54:49", "text": ">> I want Yes, I remember the one. It was"}, {"start": "00:54:49", "end": "00:54:50", "text": "at uh"}, {"start": "00:54:49", "end": "00:54:51", "text": ">> cards."}, {"start": "00:54:50", "end": "00:54:52", "text": ">> Cards. That's right."}, {"start": "00:54:51", "end": "00:54:54", "text": ">> Cards. Okay."}, {"start": "00:54:52", "end": "00:54:55", "text": ">> I saw this Salana Dabs generating, you"}, {"start": "00:54:54", "end": "00:54:58", "text": "know, decent amount of revenue the past"}, {"start": "00:54:55", "end": "00:55:01", "text": "week. About $14 million. Pumped up fun"}, {"start": "00:54:58", "end": "00:55:03", "text": "number one. Collector Crypt has searched"}, {"start": "00:55:01", "end": "00:55:05", "text": "become Salana's second highest revenue"}, {"start": "00:55:03", "end": "00:55:08", "text": "generating DAP. Now let me open this in"}, {"start": "00:55:05", "end": "00:55:12", "text": "a new tab. No, not the link. I wanted"}, {"start": "00:55:08", "end": "00:55:13", "text": "the image. Open image. Oh, let me click"}, {"start": "00:55:12", "end": "00:55:16", "text": "there. And now let me click this. Now"}, {"start": "00:55:13", "end": "00:55:20", "text": "let me click that. All right. So let's"}, {"start": "00:55:16", "end": "00:55:23", "text": "see. Can we see some actual growth here?"}, {"start": "00:55:20", "end": "00:55:26", "text": "So collector [�__�] is green. Is that"}, {"start": "00:55:23", "end": "00:55:28", "text": "green right there?"}, {"start": "00:55:26", "end": "00:55:29", "text": "Pretty decent chunks of growth like"}, {"start": "00:55:28", "end": "00:55:31", "text": "that. There we go. Oh, it's hiding it"}, {"start": "00:55:29", "end": "00:55:33", "text": "with a stupid thing right there. I can't"}, {"start": "00:55:31", "end": "00:55:35", "text": "tell. Yeah, in the last two months you"}, {"start": "00:55:33", "end": "00:55:36", "text": "can tell that there's"}, {"start": "00:55:35", "end": "00:55:37", "text": ">> Yeah, those are pretty."}, {"start": "00:55:36", "end": "00:55:38", "text": ">> Yeah, you can see it grow. You can see"}, {"start": "00:55:37", "end": "00:55:40", "text": "it grow. So, it's the green and we see"}, {"start": "00:55:38", "end": "00:55:42", "text": "the green start growing and the green"}, {"start": "00:55:40", "end": "00:55:45", "text": "still growing versus right there."}, {"start": "00:55:42", "end": "00:55:48", "text": ">> Collector Crypt, I'm not saying go ape"}, {"start": "00:55:45", "end": "00:55:49", "text": "into this, but I will say Pokemon is hot"}, {"start": "00:55:48", "end": "00:55:51", "text": "right now. I would not hold this for"}, {"start": "00:55:49", "end": "00:55:53", "text": "that long. This is not one to buy,"}, {"start": "00:55:51", "end": "00:55:55", "text": "forget about it, check on it in a year."}, {"start": "00:55:53", "end": "00:55:56", "text": "This is maybe check on it in an hour."}, {"start": "00:55:55", "end": "00:55:58", "text": ">> Okay,"}, {"start": "00:55:56", "end": "00:56:00", "text": ">> let's look at the chart."}, {"start": "00:55:58", "end": "00:56:03", "text": ">> This is the daily chart here."}, {"start": "00:56:00", "end": "00:56:05", "text": "We have a cup and handle forming"}, {"start": "00:56:03", "end": "00:56:05", "text": ">> and this is a small market cap project."}, {"start": "00:56:05", "end": "00:56:07", "text": "I know that"}, {"start": "00:56:05", "end": "00:56:11", "text": ">> potential handle breakout."}, {"start": "00:56:07", "end": "00:56:12", "text": ">> Wow. I love Pokemon. So, I was excited"}, {"start": "00:56:11", "end": "00:56:14", "text": "when this thing came out. I haven't I've"}, {"start": "00:56:12", "end": "00:56:17", "text": "never owned any of this token before,"}, {"start": "00:56:14", "end": "00:56:21", "text": "but I really do enjoy Pokemon still. So,"}, {"start": "00:56:17", "end": "00:56:21", "text": "I'm one of those nerds. Um, wow. Looking"}, {"start": "00:56:21", "end": "00:56:24", "text": "pretty good."}, {"start": "00:56:21", "end": "00:56:26", "text": ">> Uh, chat, what is the best Pokemon? Not"}, {"start": "00:56:24", "end": "00:56:29", "text": "your favorite. What is the best Pokemon,"}, {"start": "00:56:26", "end": "00:56:31", "text": "Drew? What is the best Pokemon?"}, {"start": "00:56:29", "end": "00:56:32", "text": ">> Dude, I gotta say Mewtwo. I got"}, {"start": "00:56:31", "end": "00:56:35", "text": ">> Mewtwo. You're a Mewtwo guy."}, {"start": "00:56:32", "end": "00:56:36", "text": ">> I think Mewtwo. Yeah, Alakazam is right."}, {"start": "00:56:35", "end": "00:56:37", "text": "Right up there. And then"}, {"start": "00:56:36", "end": "00:56:37", "text": ">> like that one, too."}, {"start": "00:56:37", "end": "00:56:40", "text": ">> Yeah."}, {"start": "00:56:37", "end": "00:56:42", "text": ">> Do I go with Gen One, the first 150?"}, {"start": "00:56:40", "end": "00:56:44", "text": ">> Yeah. Yeah. I'm I'm stuck in that realm"}, {"start": "00:56:42", "end": "00:56:46", "text": "for sure. What do you think?"}, {"start": "00:56:44", "end": "00:56:47", "text": ">> I like Ditto."}, {"start": "00:56:46", "end": "00:56:48", "text": ">> Ditto."}, {"start": "00:56:47", "end": "00:56:51", "text": ">> But"}, {"start": "00:56:48", "end": "00:56:52", "text": "I think I might need to go with"}, {"start": "00:56:51", "end": "00:56:53", "text": "Articuno."}, {"start": "00:56:52", "end": "00:56:54", "text": ">> Okay."}, {"start": "00:56:53", "end": "00:56:56", "text": ">> Yeah. I like the ice flying one when I"}, {"start": "00:56:54", "end": "00:56:57", "text": "was playing the game. You hit him with"}, {"start": "00:56:56", "end": "00:56:59", "text": "the ice beam. you hit them with the"}, {"start": "00:56:57", "end": "00:57:02", "text": "blizzard. 10% of the time you freeze"}, {"start": "00:56:59", "end": "00:57:03", "text": "them. Once you get frozen on on Pokemon,"}, {"start": "00:57:02", "end": "00:57:04", "text": "you're cooked. Unless you get cooked"}, {"start": "00:57:03", "end": "00:57:07", "text": "with the fire blast."}, {"start": "00:57:04", "end": "00:57:09", "text": ">> Yeah, I always liked uh Mewtwo and"}, {"start": "00:57:07", "end": "00:57:11", "text": "Alakazam because leaving them confused"}, {"start": "00:57:09", "end": "00:57:12", "text": "really made the the fight easy. Gengar"}, {"start": "00:57:11", "end": "00:57:14", "text": "is pretty good."}, {"start": "00:57:12", "end": "00:57:16", "text": ">> Yeah, the ghost Pokemon. Shout out to"}, {"start": "00:57:14", "end": "00:57:19", "text": "the ghosts."}, {"start": "00:57:16", "end": "00:57:21", "text": ">> It was Gastly, Haunter, Gengar."}, {"start": "00:57:19", "end": "00:57:25", "text": ">> Yeah, I liked the psychic Pokemon a lot."}, {"start": "00:57:21", "end": "00:57:27", "text": "like they and not much they weren't"}, {"start": "00:57:25", "end": "00:57:29", "text": "susceptible to damage to the extreme"}, {"start": "00:57:27", "end": "00:57:32", "text": "from many other elements. You know what"}, {"start": "00:57:29", "end": "00:57:33", "text": "I mean? So psychic was kind of like that"}, {"start": "00:57:32", "end": "00:57:35", "text": "because I if I chose a fire then I'd"}, {"start": "00:57:33", "end": "00:57:39", "text": "always get my butt kicked by water or"}, {"start": "00:57:35", "end": "00:57:41", "text": "ice. Vice versa I'd get, you know, if I"}, {"start": "00:57:39", "end": "00:57:44", "text": "was ice then I'd run into a Pikachu or"}, {"start": "00:57:41", "end": "00:57:46", "text": "you know an electrode and get torn"}, {"start": "00:57:44", "end": "00:57:47", "text": "apart. Diddy chew. Okay, he's banned."}, {"start": "00:57:46", "end": "00:57:50", "text": "We're gonna have to ban"}, {"start": "00:57:47", "end": "00:57:52", "text": ">> not the oil blast."}, {"start": "00:57:50", "end": "00:57:54", "text": "He's got to get banned."}, {"start": "00:57:52", "end": "00:57:55", "text": ">> He did uh one of his moves was hallway"}, {"start": "00:57:54", "end": "00:57:55", "text": "brawl."}, {"start": "00:57:55", "end": "00:57:58", "text": ">> Oh my god."}, {"start": "00:57:55", "end": "00:57:59", "text": ">> He drag you with the security cameras"}, {"start": "00:57:58", "end": "00:57:59", "text": "catching everything there."}, {"start": "00:57:59", "end": "00:58:01", "text": ">> Oh my god."}, {"start": "00:57:59", "end": "00:58:02", "text": ">> All right, Charizard. Also a good one."}, {"start": "00:58:01", "end": "00:58:04", "text": "All right, folks. Hit the like button on"}, {"start": "00:58:02", "end": "00:58:07", "text": "the way out. We do appreciate it, folks."}, {"start": "00:58:04", "end": "00:58:08", "text": "If you want to trade on ZoomX, uh we do"}, {"start": "00:58:07", "end": "00:58:10", "text": "have that contest. We have sign up"}, {"start": "00:58:08", "end": "00:58:12", "text": "bonuses for the Disco fam if you have a"}, {"start": "00:58:10", "end": "00:58:14", "text": "new account there. So, we have a ZoomX"}, {"start": "00:58:12", "end": "00:58:18", "text": "link down below. I did close the near"}, {"start": "00:58:14", "end": "00:58:20", "text": "long. I'm out of that. But we are in the"}, {"start": "00:58:18", "end": "00:58:22", "text": "still got a little bit of little bit in"}, {"start": "00:58:20", "end": "00:58:24", "text": "the hype long as well. So we might try"}, {"start": "00:58:22", "end": "00:58:24", "text": "to ride this to $80, Drew."}, {"start": "00:58:24", "end": "00:58:25", "text": ">> Okay,"}, {"start": "00:58:24", "end": "00:58:27", "text": ">> because we're deep deep deep in profit"}, {"start": "00:58:25", "end": "00:58:29", "text": "and we got that stop loss moved up in"}, {"start": "00:58:27", "end": "00:58:30", "text": "profit as well. But folks, appreciate"}, {"start": "00:58:29", "end": "00:58:32", "text": "it. Hit the like button on the way out."}, {"start": "00:58:30", "end": "00:58:34", "text": "I'm going to put out a video,"}, {"start": "00:58:32", "end": "00:58:35", "text": ">> maybe the best altcoins. I might have to"}, {"start": "00:58:34", "end": "00:58:37", "text": "put out a best altcoin video. It's been"}, {"start": "00:58:35", "end": "00:58:39", "text": "a while, but that's all we got."}, {"start": "00:58:37", "end": "00:58:41", "text": ">> We just wanted to take a quick second to"}, {"start": "00:58:39", "end": "00:58:42", "text": "shout out our sponsor, Arculus. They are"}, {"start": "00:58:41", "end": "00:58:44", "text": "a cold storage hardware wallet. helps"}, {"start": "00:58:42", "end": "00:58:46", "text": "you secure all of your digital assets"}, {"start": "00:58:44", "end": "00:58:47", "text": "for the future. Just tap this thing to"}, {"start": "00:58:46", "end": "00:58:48", "text": "the back of your phone and boom, you're"}, {"start": "00:58:47", "end": "00:58:50", "text": "in. We wouldn't be able to do this"}, {"start": "00:58:48", "end": "00:58:52", "text": "without them, but also wouldn't be able"}, {"start": "00:58:50", "end": "00:58:54", "text": "to do this without you guys, the Disco"}, {"start": "00:58:52", "end": "00:58:55", "text": "Fam. You've supported us a lot over the"}, {"start": "00:58:54", "end": "00:58:58", "text": "years. If you want to support the"}, {"start": "00:58:55", "end": "00:59:00", "text": "channel now, just use the code DC20. It"}, {"start": "00:58:58", "end": "00:59:02", "text": "gets you 20% off this card. It's the"}, {"start": "00:59:00", "end": "00:59:03", "text": "number one way you can support this"}, {"start": "00:59:02", "end": "00:59:07", "text": "channel going forward. Thank you for"}, {"start": "00:59:03", "end": "00:59:07", "text": "your support. We'll see you at the top."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "This is Discover Crypto. Thank you for"}, {"start": "00:00:01", "end": "00:00:04", "text": "joining on this Memorial Day morning,"}, {"start": "00:00:03", "end": "00:00:05", "text": "everybody. We're going to look at"}, {"start": "00:00:04", "end": "00:00:07", "text": "Bitcoin. We're going to look at some"}, {"start": "00:00:05", "end": "00:00:09", "text": "altcoin charts. So, without further ado,"}, {"start": "00:00:07", "end": "00:00:11", "text": "let's just get right into it. Now, we're"}, {"start": "00:00:09", "end": "00:00:13", "text": "looking at Bitcoin. Let's cut to the"}, {"start": "00:00:11", "end": "00:00:15", "text": "daily chart here. Still within this"}, {"start": "00:00:13", "end": "00:00:18", "text": "range. And right now, trying to flip"}, {"start": "00:00:15", "end": "00:00:19", "text": "this midway point into support. And so,"}, {"start": "00:00:18", "end": "00:00:21", "text": "we're going to flip to the 4 hour so we"}, {"start": "00:00:19", "end": "00:00:23", "text": "can see a little bit better. We have"}, {"start": "00:00:21", "end": "00:00:26", "text": "been knocking against this for almost"}, {"start": "00:00:23", "end": "00:00:27", "text": "three days. 2 days and 20 hours. You can"}, {"start": "00:00:26", "end": "00:00:29", "text": "go all the way there. And you can see"}, {"start": "00:00:27", "end": "00:00:30", "text": "right here. So, knocked against it."}, {"start": "00:00:29", "end": "00:00:33", "text": "knocked against it. Knocked against it."}, {"start": "00:00:30", "end": "00:00:35", "text": "We have not been able to open and close"}, {"start": "00:00:33", "end": "00:00:37", "text": "a 4hour candle until literally just"}, {"start": "00:00:35", "end": "00:00:39", "text": "minutes ago. You can see right here,"}, {"start": "00:00:37", "end": "00:00:42", "text": "this literally just happened 9 seconds"}, {"start": "00:00:39", "end": "00:00:44", "text": "ago. So, very bullish news indeed for"}, {"start": "00:00:42", "end": "00:00:46", "text": "Bitcoin. Let's cut back to the daily"}, {"start": "00:00:44", "end": "00:00:48", "text": "here. I did want to show you something"}, {"start": "00:00:46", "end": "00:00:50", "text": "with the amount of days we've been stuck"}, {"start": "00:00:48", "end": "00:00:52", "text": "in this bare flag pattern. Now, you can"}, {"start": "00:00:50", "end": "00:00:54", "text": "see we can see the flag pole right here."}, {"start": "00:00:52", "end": "00:00:58", "text": "And here you can see the flag pattern."}, {"start": "00:00:54", "end": "00:01:00", "text": "Let's go to the measuring tool. This is"}, {"start": "00:00:58", "end": "00:01:01", "text": "108 days Bitcoin has been in this price"}, {"start": "00:01:00", "end": "00:01:04", "text": "range. I want to show you something from"}, {"start": "00:01:01", "end": "00:01:06", "text": "the last cycle. We are also in a bare"}, {"start": "00:01:04", "end": "00:01:09", "text": "flag pattern before we had a larger move"}, {"start": "00:01:06", "end": "00:01:11", "text": "to the downside. How long was this? Now"}, {"start": "00:01:09", "end": "00:01:14", "text": "remember, we're here for 108 days."}, {"start": "00:01:11", "end": "00:01:16", "text": "Starting at the bottom point, it's going"}, {"start": "00:01:14", "end": "00:01:20", "text": "to be about right here. And then when"}, {"start": "00:01:16", "end": "00:01:22", "text": "the final breakdown happened, 104 days."}, {"start": "00:01:20", "end": "00:01:23", "text": "So did want to put that on your radar."}, {"start": "00:01:22", "end": "00:01:26", "text": "You know, at the end of the day, this is"}, {"start": "00:01:23", "end": "00:01:28", "text": "a macro bearish pattern. But until we"}, {"start": "00:01:26", "end": "00:01:30", "text": "could flip this into support, this top"}, {"start": "00:01:28", "end": "00:01:32", "text": "line right here, you know, I am"}, {"start": "00:01:30", "end": "00:01:35", "text": "cautiously uh let's just say pessimistic"}, {"start": "00:01:32", "end": "00:01:36", "text": "at the point. But midterm, Bitcoin is"}, {"start": "00:01:35", "end": "00:01:38", "text": "looking good. Let's cut to ETH. Now, we"}, {"start": "00:01:36", "end": "00:01:41", "text": "gave out some ETH predictions here. We"}, {"start": "00:01:38", "end": "00:01:42", "text": "said there's double support. The bottom"}, {"start": "00:01:41", "end": "00:01:44", "text": "line that we're looking at here, sorry,"}, {"start": "00:01:42", "end": "00:01:45", "text": "the top line that we're looking at here,"}, {"start": "00:01:44", "end": "00:01:48", "text": "it's going all the way back February"}, {"start": "00:01:45", "end": "00:01:50", "text": "2021. You can see we hit it in August,"}, {"start": "00:01:48", "end": "00:01:53", "text": "we hit it in April of 2023 and 2022,"}, {"start": "00:01:50", "end": "00:01:55", "text": "June, it was also acting as resistance."}, {"start": "00:01:53", "end": "00:01:58", "text": "But let me show you this. Now I pulled"}, {"start": "00:01:55", "end": "00:02:00", "text": "out this number 2060 just looking at the"}, {"start": "00:01:58", "end": "00:02:02", "text": "bottom of the range. This is kind of"}, {"start": "00:02:00", "end": "00:02:05", "text": "what we were expecting here. This blue"}, {"start": "00:02:02", "end": "00:02:08", "text": "line right here 2062."}, {"start": "00:02:05", "end": "00:02:10", "text": "So ETH came within $2 of our target hit"}, {"start": "00:02:08", "end": "00:02:12", "text": "against it one, two, three different"}, {"start": "00:02:10", "end": "00:02:14", "text": "days. Gave you this number on Friday. So"}, {"start": "00:02:12", "end": "00:02:16", "text": "we ended up closing the candle there"}, {"start": "00:02:14", "end": "00:02:18", "text": "Friday night, opening the candle there"}, {"start": "00:02:16", "end": "00:02:20", "text": "Saturday, bounce and then wick down"}, {"start": "00:02:18", "end": "00:02:22", "text": "there just Sunday. And now you can see"}, {"start": "00:02:20", "end": "00:02:25", "text": "on Monday trying to flip this top line"}, {"start": "00:02:22", "end": "00:02:26", "text": "into support. So, ETH actually looking"}, {"start": "00:02:25", "end": "00:02:29", "text": "kind of bullish. We're at the bottom of"}, {"start": "00:02:26", "end": "00:02:31", "text": "the range. It is acting as support at"}, {"start": "00:02:29", "end": "00:02:33", "text": "the moment and so ETH is looking fairly"}, {"start": "00:02:31", "end": "00:02:35", "text": "good. Now, I want to look at some other"}, {"start": "00:02:33", "end": "00:02:38", "text": "altcoins because we have the ETF data"}, {"start": "00:02:35", "end": "00:02:41", "text": "from last week. Three altcoins stood"}, {"start": "00:02:38", "end": "00:02:43", "text": "out. Hyperlid pulled in some money. XRP"}, {"start": "00:02:41", "end": "00:02:46", "text": "pulled in money and Salana ETFs pulled"}, {"start": "00:02:43", "end": "00:02:48", "text": "in money even though Bitcoin ETFs were,"}, {"start": "00:02:46", "end": "00:02:50", "text": "you know, and ETH ETFs, they were"}, {"start": "00:02:48", "end": "00:02:51", "text": "massively down. So, let's cut to those"}, {"start": "00:02:50", "end": "00:02:53", "text": "three charts here. First, we're going to"}, {"start": "00:02:51", "end": "00:02:55", "text": "look at Hyperlid. Looking at the eight"}, {"start": "00:02:53", "end": "00:02:58", "text": "hour candles, I am seeing some bearish"}, {"start": "00:02:55", "end": "00:03:00", "text": "divergences. I still in the trade, but"}, {"start": "00:02:58", "end": "00:03:03", "text": "I've closed 90% of this trade. We are up"}, {"start": "00:03:00", "end": "00:03:05", "text": "300%. If you want to check out ZoomX"}, {"start": "00:03:03", "end": "00:03:07", "text": "down below, we got a lot of new signup"}, {"start": "00:03:05", "end": "00:03:09", "text": "bonuses, so you can check that out. But"}, {"start": "00:03:07", "end": "00:03:11", "text": "Hyperliquid starting to look pretty"}, {"start": "00:03:09", "end": "00:03:13", "text": "rough here. And that's why I'm out 90%"}, {"start": "00:03:11", "end": "00:03:15", "text": "of that trade. I I'm closed most of that"}, {"start": "00:03:13", "end": "00:03:16", "text": "trade there. Would have been nice to"}, {"start": "00:03:15", "end": "00:03:18", "text": "hold on towards the end, but you know,"}, {"start": "00:03:16", "end": "00:03:20", "text": "this is not looking good on the"}, {"start": "00:03:18", "end": "00:03:23", "text": "hyperlquid chart. also kind of just"}, {"start": "00:03:20", "end": "00:03:25", "text": "stuck in this parallel range uh at the"}, {"start": "00:03:23", "end": "00:03:27", "text": "moment. Now, this is a log chart. So, I"}, {"start": "00:03:25", "end": "00:03:29", "text": "can show you this range here where we"}, {"start": "00:03:27", "end": "00:03:32", "text": "hit the top there. This is the starting"}, {"start": "00:03:29", "end": "00:03:33", "text": "point for Hyperlid. Found the bottom,"}, {"start": "00:03:32", "end": "00:03:36", "text": "found the top. Just a potential target"}, {"start": "00:03:33", "end": "00:03:39", "text": "of $80. But if we go to the regular"}, {"start": "00:03:36", "end": "00:03:41", "text": "chart, let me hide this."}, {"start": "00:03:39", "end": "00:03:43", "text": "We go to the regular chart. You know,"}, {"start": "00:03:41", "end": "00:03:45", "text": "definitely looking like things are"}, {"start": "00:03:43", "end": "00:03:46", "text": "starting to get a little overheated"}, {"start": "00:03:45", "end": "00:03:48", "text": "here. Let's cut to the 4 hour. You can"}, {"start": "00:03:46", "end": "00:03:51", "text": "see, you know, still massive bearish"}, {"start": "00:03:48", "end": "00:03:53", "text": "divergence. But if we cut to the daily,"}, {"start": "00:03:51", "end": "00:03:56", "text": "I mean, there is a chance this RSI can"}, {"start": "00:03:53", "end": "00:03:57", "text": "go higher, you know, totally getting rid"}, {"start": "00:03:56", "end": "00:03:59", "text": "of the uh the bearish divergence that we"}, {"start": "00:03:57", "end": "00:04:01", "text": "might be seeing. But that's going to be"}, {"start": "00:03:59", "end": "00:04:03", "text": "a pretty tall order. It's got 12 hours"}, {"start": "00:04:01", "end": "00:04:05", "text": "to go. We're going to see we're going to"}, {"start": "00:04:03", "end": "00:04:08", "text": "need to see massive movement up on the"}, {"start": "00:04:05", "end": "00:04:09", "text": "RSI here. Let's go to the XRP chart."}, {"start": "00:04:08", "end": "00:04:11", "text": "Gave you this trend line dating all the"}, {"start": "00:04:09", "end": "00:04:13", "text": "way back to February 5th. Just checking"}, {"start": "00:04:11", "end": "00:04:16", "text": "in on the trend line on the 4 hour."}, {"start": "00:04:13", "end": "00:04:17", "text": "Bouncing along this line, but now trying"}, {"start": "00:04:16", "end": "00:04:19", "text": "to flip this into support. If we go to"}, {"start": "00:04:17", "end": "00:04:21", "text": "the daily here, you can see we can"}, {"start": "00:04:19", "end": "00:04:23", "text": "trying to squeeze our way above this"}, {"start": "00:04:21", "end": "00:04:25", "text": "yellow line. If we could do that, it is"}, {"start": "00:04:23", "end": "00:04:28", "text": "looking a lot better for XRP. If we end"}, {"start": "00:04:25", "end": "00:04:29", "text": "up losing this range, we might go down"}, {"start": "00:04:28", "end": "00:04:32", "text": "to the support that we saw all the way"}, {"start": "00:04:29", "end": "00:04:34", "text": "back in 2017. And you can see here it"}, {"start": "00:04:32", "end": "00:04:37", "text": "also acted as resistance in November of"}, {"start": "00:04:34", "end": "00:04:38", "text": "2024. And the 2017"}, {"start": "00:04:37", "end": "00:04:40", "text": "uh you know before that it hit it in"}, {"start": "00:04:38", "end": "00:04:44", "text": "2021."}, {"start": "00:04:40", "end": "00:04:45", "text": "XRP is so old, right? 2017 it was acting"}, {"start": "00:04:44", "end": "00:04:48", "text": "as resistance. wouldn't revisit this"}, {"start": "00:04:45", "end": "00:04:50", "text": "area for 3 years now. That's where we're"}, {"start": "00:04:48", "end": "00:04:52", "text": "hanging out. Looking at Salana, I want"}, {"start": "00:04:50", "end": "00:04:54", "text": "to show the parallel range here as well."}, {"start": "00:04:52", "end": "00:04:57", "text": "Just going to the top here. Going to the"}, {"start": "00:04:54", "end": "00:05:01", "text": "tops here. Move this down until the"}, {"start": "00:04:57", "end": "00:05:01", "text": "bottom of the parallel hits this wick."}, {"start": "00:05:01", "end": "00:05:04", "text": "And you can see, look at that. Salana,"}, {"start": "00:05:03", "end": "00:05:06", "text": "this is actually flipped into"}, {"start": "00:05:04", "end": "00:05:09", "text": "resistance. So, where we have ETH and"}, {"start": "00:05:06", "end": "00:05:12", "text": "XRP, you know, trying to use these lines"}, {"start": "00:05:09", "end": "00:05:13", "text": "as support for Salana, it is acting as"}, {"start": "00:05:12", "end": "00:05:16", "text": "resistance. You can see here Monday,"}, {"start": "00:05:13", "end": "00:05:17", "text": "Sunday, and Saturday. Fell below it on"}, {"start": "00:05:16", "end": "00:05:20", "text": "Friday, and now it's just knocking"}, {"start": "00:05:17", "end": "00:05:22", "text": "against this. I expect us to revisit the"}, {"start": "00:05:20", "end": "00:05:24", "text": "top of this line. What's going to happen"}, {"start": "00:05:22", "end": "00:05:27", "text": "after that? You know, RSI is looking"}, {"start": "00:05:24", "end": "00:05:28", "text": "fairly decent. So, maybe we could flip"}, {"start": "00:05:27", "end": "00:05:31", "text": "that back into support. And let's look"}, {"start": "00:05:28", "end": "00:05:34", "text": "at the near chart. Now, this is near"}, {"start": "00:05:31", "end": "00:05:36", "text": "back in 22, April, March. Yeah, April of"}, {"start": "00:05:34", "end": "00:05:38", "text": "22. Uh, this is going through the month"}, {"start": "00:05:36", "end": "00:05:40", "text": "of April. You can see it was acting as"}, {"start": "00:05:38", "end": "00:05:43", "text": "resistance. I wanted to show you this"}, {"start": "00:05:40", "end": "00:05:44", "text": "because this is not the $20 top. You"}, {"start": "00:05:43", "end": "00:05:47", "text": "know, we wicked that high there. This"}, {"start": "00:05:44", "end": "00:05:48", "text": "where, you know, near hit $20, but if"}, {"start": "00:05:47", "end": "00:05:50", "text": "you look right there, you can see it was"}, {"start": "00:05:48", "end": "00:05:54", "text": "acting as resistance. Now, let's watch"}, {"start": "00:05:50", "end": "00:05:56", "text": "this. Watch this. Not here. Boom. It hit"}, {"start": "00:05:54", "end": "00:05:59", "text": "it right there. And watch where we're at"}, {"start": "00:05:56", "end": "00:06:01", "text": "today. Look at that. That's exactly"}, {"start": "00:05:59", "end": "00:06:04", "text": "where near started to slow down. Is the"}, {"start": "00:06:01", "end": "00:06:06", "text": "near pump over? Well, the daily could"}, {"start": "00:06:04", "end": "00:06:08", "text": "easily flip over. It could still give us"}, {"start": "00:06:06", "end": "00:06:10", "text": "another pump, but we are seeing some"}, {"start": "00:06:08", "end": "00:06:11", "text": "bearish divergences on the 4 hour. So,"}, {"start": "00:06:10", "end": "00:06:13", "text": "there you go. There's your Bitcoin chart"}, {"start": "00:06:11", "end": "00:06:14", "text": "and some altcoin charts. Let me know"}, {"start": "00:06:13", "end": "00:06:16", "text": "down below what altcoins you want us to"}, {"start": "00:06:14", "end": "00:06:18", "text": "cover on the live stream tomorrow. I'll"}, {"start": "00:06:16", "end": "00:06:19", "text": "be reading those comments. We'll check"}, {"start": "00:06:18", "end": "00:06:21", "text": "them out. I'll have the charts ready for"}, {"start": "00:06:19", "end": "00:06:24", "text": "you. D4 Discover Crypto. Thank you for"}, {"start": "00:06:21", "end": "00:06:24", "text": "joining. C of the top."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Jerry, here's a good question from"}, {"start": "00:00:01", "end": "00:00:05", "text": "leisure real estate. What's your Do you"}, {"start": "00:00:04", "end": "00:00:07", "text": "have any AI plays? And that could be"}, {"start": "00:00:05", "end": "00:00:11", "text": "traditional or that could be"}, {"start": "00:00:07", "end": "00:00:14", "text": ">> Tesla. Tesla in the real world in my in"}, {"start": "00:00:11", "end": "00:00:17", "text": "my Schwab Roth IRA."}, {"start": "00:00:14", "end": "00:00:21", "text": ">> Um, and and the major reason behind that"}, {"start": "00:00:17", "end": "00:00:23", "text": "as an AI play. I know SpaceX owns XAI."}, {"start": "00:00:21", "end": "00:00:25", "text": "It's Optimus Robot. The fact that the"}, {"start": "00:00:23", "end": "00:00:28", "text": "Optimus robot is going to have an"}, {"start": "00:00:25", "end": "00:00:31", "text": "incredibly powerful chip and computer"}, {"start": "00:00:28", "end": "00:00:34", "text": "inside of it. And when you put millions"}, {"start": "00:00:31", "end": "00:00:37", "text": "of robots together and they act as a"}, {"start": "00:00:34", "end": "00:00:39", "text": "decentralized network, you get a lot of"}, {"start": "00:00:37", "end": "00:00:43", "text": "powerful um what we would call"}, {"start": "00:00:39", "end": "00:00:47", "text": "multipliers coming into effect. Um, so"}, {"start": "00:00:43", "end": "00:00:52", "text": "Tesla between the cars and the robots"}, {"start": "00:00:47", "end": "00:00:55", "text": "is my traditional stock market play. And"}, {"start": "00:00:52", "end": "00:00:57", "text": "in crypto, it's it's basically"}, {"start": "00:00:55", "end": "00:00:59", "text": "Tao"}, {"start": "00:00:57", "end": "00:01:01", "text": "Akos,"}, {"start": "00:00:59", "end": "00:01:05", "text": "right? I I still hold a whole bunch of"}, {"start": "00:01:01", "end": "00:01:08", "text": "FET, you know, Fetch AI because"}, {"start": "00:01:05", "end": "00:01:11", "text": ">> ASI alliance. Um,"}, {"start": "00:01:08", "end": "00:01:14", "text": "basically anybody being able to provide"}, {"start": "00:01:11", "end": "00:01:18", "text": "compute to the world of AI, whether it"}, {"start": "00:01:14", "end": "00:01:18", "text": "be for training or for inference."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Well, everybody, looks like Michael"}, {"start": "00:00:03", "end": "00:00:06", "text": "Sailor has finally sold. This isn't the"}, {"start": "00:00:05", "end": "00:00:08", "text": "first time they've actually sold"}, {"start": "00:00:06", "end": "00:00:10", "text": "Bitcoin. This is the second, but it's"}, {"start": "00:00:08", "end": "00:00:13", "text": "the circumstances that matter. And we"}, {"start": "00:00:10", "end": "00:00:14", "text": "can just see that uh in today's market,"}, {"start": "00:00:13", "end": "00:00:17", "text": "which I'm sure we've all checked a"}, {"start": "00:00:14", "end": "00:00:19", "text": "little bit. They were down just a uh"}, {"start": "00:00:17", "end": "00:00:23", "text": "just a scoch as our market cap has"}, {"start": "00:00:19", "end": "00:00:26", "text": "dwindled at sitting around 2.5 trillion"}, {"start": "00:00:23", "end": "00:00:30", "text": "dollar. We got Bitcoin down wow 3% in a"}, {"start": "00:00:26", "end": "00:00:32", "text": "day 24 hours. 8% in seven and 9% in 30."}, {"start": "00:00:30", "end": "00:00:35", "text": "Of course, everything is down across the"}, {"start": "00:00:32", "end": "00:00:37", "text": "board except for like a stable coin here"}, {"start": "00:00:35", "end": "00:00:38", "text": "and there. Also, Hyperliquid uh doing"}, {"start": "00:00:37", "end": "00:00:41", "text": "great things. So, congratulations all"}, {"start": "00:00:38", "end": "00:00:44", "text": "the Hyperlid"}, {"start": "00:00:41", "end": "00:00:46", "text": "uh holders and then also Stellar 4% as"}, {"start": "00:00:44", "end": "00:00:48", "text": "there was a uh a reference to Swift as"}, {"start": "00:00:46", "end": "00:00:51", "text": "they were looks like they were getting"}, {"start": "00:00:48", "end": "00:00:53", "text": "into uh some type of agreement with"}, {"start": "00:00:51", "end": "00:00:56", "text": "that. But this isn't the story today."}, {"start": "00:00:53", "end": "00:00:58", "text": "The day is actually three things that"}, {"start": "00:00:56", "end": "00:01:01", "text": "are pretty much converging on"}, {"start": "00:00:58", "end": "00:01:04", "text": "everything. And it really comes down to"}, {"start": "00:01:01", "end": "00:01:08", "text": "Micro Strategy. They sold a whopping 32"}, {"start": "00:01:04", "end": "00:01:10", "text": "Bitcoin. Uh looks like Iran is not going"}, {"start": "00:01:08", "end": "00:01:12", "text": "to go into negotiations with America"}, {"start": "00:01:10", "end": "00:01:15", "text": "anymore and they've cut them all off yet"}, {"start": "00:01:12", "end": "00:01:18", "text": "again. And also there's an issue with AI"}, {"start": "00:01:15", "end": "00:01:20", "text": "and it's not just that but also gold and"}, {"start": "00:01:18", "end": "00:01:21", "text": "silver which coincidentally we were"}, {"start": "00:01:20", "end": "00:01:24", "text": "talking about this as far as like with"}, {"start": "00:01:21", "end": "00:01:27", "text": "Mark Cuban and he said that he couldn't"}, {"start": "00:01:24", "end": "00:01:30", "text": "deal with the thesis that Bitcoin was"}, {"start": "00:01:27", "end": "00:01:32", "text": "not a store of value during the Iran"}, {"start": "00:01:30", "end": "00:01:35", "text": "runup. Can't call it a war because"}, {"start": "00:01:32", "end": "00:01:37", "text": "Congress never classified it as that and"}, {"start": "00:01:35", "end": "00:01:39", "text": "didn't vote on it. So it was a skirmish."}, {"start": "00:01:37", "end": "00:01:40", "text": "He said during the Iran skirmish which"}, {"start": "00:01:39", "end": "00:01:42", "text": "started on February 28th you saw that"}, {"start": "00:01:40", "end": "00:01:44", "text": "Bitcoin actually went down a little bit"}, {"start": "00:01:42", "end": "00:01:46", "text": "and then gold and silver went up. Well"}, {"start": "00:01:44", "end": "00:01:48", "text": "actually over time you could see that"}, {"start": "00:01:46", "end": "00:01:49", "text": "during the whole occupation or whatever"}, {"start": "00:01:48", "end": "00:01:51", "text": "the different skirmish that was"}, {"start": "00:01:49", "end": "00:01:53", "text": "happening Bitcoin did really well during"}, {"start": "00:01:51", "end": "00:01:55", "text": "this whole time and gold and silver was"}, {"start": "00:01:53", "end": "00:01:56", "text": "actually going down. And then today"}, {"start": "00:01:55", "end": "00:01:58", "text": "you're looking at half a trillion"}, {"start": "00:01:56", "end": "00:02:00", "text": "dollars was wiped out from gold and"}, {"start": "00:01:58", "end": "00:02:02", "text": "silver when we got and this has nothing"}, {"start": "00:02:00", "end": "00:02:05", "text": "to do with Michael Sailor. This is all"}, {"start": "00:02:02", "end": "00:02:07", "text": "about Iran obviously because we also see"}, {"start": "00:02:05", "end": "00:02:09", "text": "that oil is up. So, is this the case"}, {"start": "00:02:07", "end": "00:02:11", "text": "that we're looking for? Did the plot of"}, {"start": "00:02:09", "end": "00:02:13", "text": "gold and silver go away? No. It's just"}, {"start": "00:02:11", "end": "00:02:15", "text": "it's an irrational market. That's pretty"}, {"start": "00:02:13", "end": "00:02:17", "text": "much what people are going to do. And"}, {"start": "00:02:15", "end": "00:02:19", "text": "they are worried and they want to take"}, {"start": "00:02:17", "end": "00:02:21", "text": "their profits or whatever they have and"}, {"start": "00:02:19", "end": "00:02:24", "text": "kind of get away with it. So, that of"}, {"start": "00:02:21", "end": "00:02:27", "text": "course is the big issue."}, {"start": "00:02:24", "end": "00:02:29", "text": "And we can see here Iran announces it"}, {"start": "00:02:27", "end": "00:02:30", "text": "ended all negotiation with the US, vows"}, {"start": "00:02:29", "end": "00:02:33", "text": "to completely block the straight of"}, {"start": "00:02:30", "end": "00:02:35", "text": "Hormuse. Iran said it is ending"}, {"start": "00:02:33", "end": "00:02:38", "text": "negotiations due to repeated ceasefire"}, {"start": "00:02:35", "end": "00:02:40", "text": "violations, including Israeli strikes in"}, {"start": "00:02:38", "end": "00:02:43", "text": "Lebanon. Iran also threatens to block"}, {"start": "00:02:40", "end": "00:02:45", "text": "the Babel Madab Strait. Well, great."}, {"start": "00:02:43", "end": "00:02:48", "text": "Fantastic. Looks like uh if you're"}, {"start": "00:02:45", "end": "00:02:50", "text": "investing into oil, I would not uh I"}, {"start": "00:02:48", "end": "00:02:53", "text": "would not uh short that. I think that's"}, {"start": "00:02:50", "end": "00:02:55", "text": "going to go up the price crazy amounts."}, {"start": "00:02:53", "end": "00:02:56", "text": "Then Brett down here says, \"Well, things"}, {"start": "00:02:55", "end": "00:02:59", "text": "are doing well. Deal eminent soon."}, {"start": "00:02:56", "end": "00:03:01", "text": "Straight is open. So much winning.\""}, {"start": "00:02:59", "end": "00:03:04", "text": "And of course the current presidente of"}, {"start": "00:03:01", "end": "00:03:06", "text": "the United States Donald Trump says Iran"}, {"start": "00:03:04", "end": "00:03:10", "text": "really wants to make a deal. It'll be a"}, {"start": "00:03:06", "end": "00:03:12", "text": "good one and those that are with us and"}, {"start": "00:03:10", "end": "00:03:14", "text": "this was uh yesterday I guess they"}, {"start": "00:03:12", "end": "00:03:18", "text": "didn't really want to make a deal and"}, {"start": "00:03:14", "end": "00:03:20", "text": "here we are. So the Iran skirmish"}, {"start": "00:03:18", "end": "00:03:22", "text": "happenings that are going on that is a"}, {"start": "00:03:20", "end": "00:03:23", "text": "big factor for geopolitical issues and"}, {"start": "00:03:22", "end": "00:03:25", "text": "of course for the markets themselves."}, {"start": "00:03:23", "end": "00:03:28", "text": "Also we can see that uh this is from bar"}, {"start": "00:03:25", "end": "00:03:33", "text": "chart uh stock valuations even though"}, {"start": "00:03:28", "end": "00:03:35", "text": "this is going on hit its all-time high."}, {"start": "00:03:33", "end": "00:03:39", "text": "the valuations of every stock that we"}, {"start": "00:03:35", "end": "00:03:41", "text": "have going past what was in 1929 right"}, {"start": "00:03:39", "end": "00:03:45", "text": "before the great depression the 2000.com"}, {"start": "00:03:41", "end": "00:03:48", "text": "bubble also uh the great recession 2007"}, {"start": "00:03:45", "end": "00:03:50", "text": "8 and9 and we can see that right now"}, {"start": "00:03:48", "end": "00:03:51", "text": "stock valuations have never been higher"}, {"start": "00:03:50", "end": "00:03:53", "text": "we talked about this with Jerry"}, {"start": "00:03:51", "end": "00:03:56", "text": "yesterday it's a big runup with AI and"}, {"start": "00:03:53", "end": "00:03:58", "text": "everybody is uh careening into the AI"}, {"start": "00:03:56", "end": "00:04:00", "text": "sector to kind of get into it I think AI"}, {"start": "00:03:58", "end": "00:04:02", "text": "is the future I don't know about the"}, {"start": "00:04:00", "end": "00:04:04", "text": "investment part but as far as like"}, {"start": "00:04:02", "end": "00:04:06", "text": "helping you with everyday use cases and"}, {"start": "00:04:04", "end": "00:04:08", "text": "businesses and getting things organized."}, {"start": "00:04:06", "end": "00:04:11", "text": "AI is great as far as like investing"}, {"start": "00:04:08", "end": "00:04:14", "text": "into it. Things are going a little"}, {"start": "00:04:11", "end": "00:04:16", "text": "wonky. It's from the Telegraph. Free"}, {"start": "00:04:14", "end": "00:04:18", "text": "lunch is over. Google says demand has"}, {"start": "00:04:16", "end": "00:04:22", "text": "driven sevenfold over the past year."}, {"start": "00:04:18", "end": "00:04:25", "text": "Demand for AI has driven up. That's"}, {"start": "00:04:22", "end": "00:04:27", "text": "great, right? No, because the real cost"}, {"start": "00:04:25", "end": "00:04:30", "text": "of AI is getting exponentially higher."}, {"start": "00:04:27", "end": "00:04:32", "text": "And we actually talked about this on my"}, {"start": "00:04:30", "end": "00:04:35", "text": "second channel where I'm trying to kind"}, {"start": "00:04:32", "end": "00:04:37", "text": "of diverge between crypto digital assets"}, {"start": "00:04:35", "end": "00:04:38", "text": "and what's going on with AI and the news"}, {"start": "00:04:37", "end": "00:04:40", "text": "over there and then how to use AI and"}, {"start": "00:04:38", "end": "00:04:41", "text": "things like that. And we talk about this"}, {"start": "00:04:40", "end": "00:04:44", "text": "is the first video I put out did pretty"}, {"start": "00:04:41", "end": "00:04:45", "text": "good almost a little over 10,000 views a"}, {"start": "00:04:44", "end": "00:04:49", "text": "couple days ago. I'll link in the"}, {"start": "00:04:45", "end": "00:04:52", "text": "description, but we talk about how uh"}, {"start": "00:04:49", "end": "00:04:54", "text": "Microsoft ran through their in budget."}, {"start": "00:04:52", "end": "00:04:56", "text": "Uber ran through their entire billion"}, {"start": "00:04:54", "end": "00:04:58", "text": "dollar budget in four months and a and a"}, {"start": "00:04:56", "end": "00:05:00", "text": "bunch of other different companies are"}, {"start": "00:04:58", "end": "00:05:03", "text": "running through it. And"}, {"start": "00:05:00", "end": "00:05:06", "text": "it's actually more expensive"}, {"start": "00:05:03", "end": "00:05:09", "text": "to have AI right now. AI is more"}, {"start": "00:05:06", "end": "00:05:12", "text": "expensive than people. Unfortunately,"}, {"start": "00:05:09", "end": "00:05:14", "text": "those companies erroneously fired a"}, {"start": "00:05:12", "end": "00:05:15", "text": "bunch of their people with the hopes"}, {"start": "00:05:14", "end": "00:05:18", "text": "that AI could take over and bring them"}, {"start": "00:05:15", "end": "00:05:20", "text": "to promised land. I I don't believe"}, {"start": "00:05:18", "end": "00:05:23", "text": "that's what AI is here for. AI is here"}, {"start": "00:05:20", "end": "00:05:25", "text": "to make us better at whatever we are"}, {"start": "00:05:23", "end": "00:05:26", "text": "doing. It's not to replace us. But"}, {"start": "00:05:25", "end": "00:05:29", "text": "people didn't get them didn't get the"}, {"start": "00:05:26", "end": "00:05:31", "text": "memo fast enough. Fire too many people."}, {"start": "00:05:29", "end": "00:05:33", "text": "Now you see a bunch of there's a huge"}, {"start": "00:05:31", "end": "00:05:35", "text": "demand for guess what? Developers."}, {"start": "00:05:33", "end": "00:05:37", "text": "Anyhow, we talk about that in the video."}, {"start": "00:05:35", "end": "00:05:39", "text": "Check it out. Links in the description."}, {"start": "00:05:37", "end": "00:05:41", "text": "But it comes down to this today. Michael"}, {"start": "00:05:39", "end": "00:05:43", "text": "Sailor selling Bitcoin. And this is"}, {"start": "00:05:41", "end": "00:05:45", "text": "everywhere. Everybody's talking about"}, {"start": "00:05:43", "end": "00:05:49", "text": "this. I understand it. To me personally,"}, {"start": "00:05:45", "end": "00:05:53", "text": "I'll be honest with you."}, {"start": "00:05:49", "end": "00:05:55", "text": "I feel pretty good. Not because like"}, {"start": "00:05:53", "end": "00:05:57", "text": "look, there's there's two types of"}, {"start": "00:05:55", "end": "00:05:59", "text": "people out there. I think there's ones"}, {"start": "00:05:57", "end": "00:06:02", "text": "that didn't take any profits and are"}, {"start": "00:05:59", "end": "00:06:05", "text": "freaking the f out right now. There's"}, {"start": "00:06:02", "end": "00:06:06", "text": "other ones that did take profits and are"}, {"start": "00:06:05", "end": "00:06:08", "text": "like pretty mellow. And there's other"}, {"start": "00:06:06", "end": "00:06:09", "text": "ones I guess there's a third person"}, {"start": "00:06:08", "end": "00:06:10", "text": "which is like they really don't care"}, {"start": "00:06:09", "end": "00:06:14", "text": "because it's like I know which way the"}, {"start": "00:06:10", "end": "00:06:16", "text": "direction is going. But I remember at"}, {"start": "00:06:14", "end": "00:06:18", "text": "the Bitcoin conference when Michael"}, {"start": "00:06:16", "end": "00:06:20", "text": "Sailor stood up and said you never and"}, {"start": "00:06:18", "end": "00:06:23", "text": "Kathy Wood was right next to him. You"}, {"start": "00:06:20", "end": "00:06:26", "text": "never sell your Bitcoin. And as soon as"}, {"start": "00:06:23", "end": "00:06:28", "text": "I heard that I was like son but that is"}, {"start": "00:06:26", "end": "00:06:30", "text": "gonna that was a great line and it's"}, {"start": "00:06:28", "end": "00:06:33", "text": "going to resonate with everybody and"}, {"start": "00:06:30", "end": "00:06:34", "text": "everybody's going to use that when I'm"}, {"start": "00:06:33", "end": "00:06:36", "text": "telling everybody to take some damn"}, {"start": "00:06:34", "end": "00:06:37", "text": "profits"}, {"start": "00:06:36", "end": "00:06:38", "text": "and it was going to be an issue. And"}, {"start": "00:06:37", "end": "00:06:40", "text": "Michael Sailor was right. He actually"}, {"start": "00:06:38", "end": "00:06:43", "text": "came back and said, \"Look,\" he goes,"}, {"start": "00:06:40", "end": "00:06:46", "text": "\"that's more of a verbal piece to put"}, {"start": "00:06:43", "end": "00:06:48", "text": "out there than saying, \"Don't be a net"}, {"start": "00:06:46", "end": "00:06:49", "text": "negative seller. That's not going to go"}, {"start": "00:06:48", "end": "00:06:50", "text": "anywhere.\" But if you say, \"Never sell"}, {"start": "00:06:49", "end": "00:06:52", "text": "your Bitcoin.\" That's great."}, {"start": "00:06:50", "end": "00:06:53", "text": "Unfortunately, when you say stuff like"}, {"start": "00:06:52", "end": "00:06:55", "text": "that, people take it to heart and they"}, {"start": "00:06:53", "end": "00:06:58", "text": "don't they realize like, \"Oh, I can't"}, {"start": "00:06:55", "end": "00:06:59", "text": "just curl up to my Bitcoin because I"}, {"start": "00:06:58", "end": "00:07:01", "text": "lost my house and can't pay my bills,"}, {"start": "00:06:59", "end": "00:07:04", "text": "and that's not what's going to actually"}, {"start": "00:07:01", "end": "00:07:07", "text": "feed me and keep me warm.\" Go figure."}, {"start": "00:07:04", "end": "00:07:10", "text": "So, for this one, when he said that,"}, {"start": "00:07:07", "end": "00:07:11", "text": "I got it, but it was hard to get through"}, {"start": "00:07:10", "end": "00:07:13", "text": "people. And now that he's actually sold"}, {"start": "00:07:11", "end": "00:07:14", "text": "some, because he s he sold some about a"}, {"start": "00:07:13", "end": "00:07:16", "text": "year or two years ago, correct me in the"}, {"start": "00:07:14", "end": "00:07:20", "text": "comment section, it was for a capital"}, {"start": "00:07:16", "end": "00:07:22", "text": "gains uh type of um uh tax play to where"}, {"start": "00:07:20", "end": "00:07:24", "text": "he could take some losses, put those on"}, {"start": "00:07:22", "end": "00:07:26", "text": "the books, reduce the actual out, and"}, {"start": "00:07:24", "end": "00:07:28", "text": "then it would actually work out for him."}, {"start": "00:07:26", "end": "00:07:30", "text": "It's like tax loss. It was tax loss"}, {"start": "00:07:28", "end": "00:07:31", "text": "harvesting. Cool. That was one thing."}, {"start": "00:07:30", "end": "00:07:34", "text": "This is just a straight up I'm selling"}, {"start": "00:07:31", "end": "00:07:37", "text": "Bitcoin. They sold 32 Bitcoin. I know"}, {"start": "00:07:34", "end": "00:07:40", "text": "people are like, \"Who cares?\" But it"}, {"start": "00:07:37", "end": "00:07:42", "text": "comes down to the people that don't"}, {"start": "00:07:40", "end": "00:07:44", "text": "understand. I think maybe, correct me in"}, {"start": "00:07:42", "end": "00:07:46", "text": "the comments, but they're like, \"Hey,"}, {"start": "00:07:44", "end": "00:07:48", "text": "you sold Bitcoin, so there's there's one"}, {"start": "00:07:46", "end": "00:07:51", "text": "of three options here."}, {"start": "00:07:48", "end": "00:07:53", "text": "He sold Bitcoin"}, {"start": "00:07:51", "end": "00:07:54", "text": "because he has to and he can't pay the"}, {"start": "00:07:53", "end": "00:07:57", "text": "bills."}, {"start": "00:07:54", "end": "00:07:59", "text": "He sold Bitcoin"}, {"start": "00:07:57", "end": "00:08:00", "text": "because this is and he sold just a"}, {"start": "00:07:59", "end": "00:08:02", "text": "little bit because there's way more to"}, {"start": "00:08:00", "end": "00:08:04", "text": "come because there's something going on"}, {"start": "00:08:02", "end": "00:08:08", "text": "behind the scenes. Those the doomers"}, {"start": "00:08:04", "end": "00:08:09", "text": "which hey, anything's possible or option"}, {"start": "00:08:08", "end": "00:08:12", "text": "and the third option I'm just going to"}, {"start": "00:08:09", "end": "00:08:13", "text": "have him tell you why he was going to"}, {"start": "00:08:12", "end": "00:08:15", "text": "sell Bitcoin"}, {"start": "00:08:13", "end": "00:08:17", "text": "and it makes a lot of sense. This was"}, {"start": "00:08:15", "end": "00:08:18", "text": "months and months and months ago and he"}, {"start": "00:08:17", "end": "00:08:20", "text": "was leading up to this to say, \"Yeah,"}, {"start": "00:08:18", "end": "00:08:22", "text": "I'm going to sell it. This is why.\" Take"}, {"start": "00:08:20", "end": "00:08:24", "text": "a listen. confusion in the market about"}, {"start": "00:08:22", "end": "00:08:27", "text": "where did the dividends come from? You"}, {"start": "00:08:24", "end": "00:08:29", "text": "know, how do we pay the dividend? And"}, {"start": "00:08:27", "end": "00:08:32", "text": "for most of the history of the"}, {"start": "00:08:29", "end": "00:08:35", "text": "instrument, we sold common equity, MSTR"}, {"start": "00:08:32", "end": "00:08:36", "text": "equity, to pay the dividend. Um, MSTR"}, {"start": "00:08:35", "end": "00:08:38", "text": "equity is a derivative of Bitcoin. It"}, {"start": "00:08:36", "end": "00:08:40", "text": "normally trades at a premium to Bitcoin."}, {"start": "00:08:38", "end": "00:08:42", "text": "And so, we were selling a Bitcoin"}, {"start": "00:08:40", "end": "00:08:44", "text": "derivative, but some people worried that"}, {"start": "00:08:42", "end": "00:08:46", "text": "we wouldn't be able to sell the equity"}, {"start": "00:08:44", "end": "00:08:48", "text": "in the future. And then there are short"}, {"start": "00:08:46", "end": "00:08:50", "text": "narratives that that we have to sell the"}, {"start": "00:08:48", "end": "00:08:52", "text": "equity. And then there are other"}, {"start": "00:08:50", "end": "00:08:54", "text": "narratives that the company won't sell"}, {"start": "00:08:52", "end": "00:08:56", "text": "its Bitcoin and that kind of"}, {"start": "00:08:54", "end": "00:08:58", "text": "metastasized to well if they're not"}, {"start": "00:08:56", "end": "00:09:00", "text": "going to sell their Bitcoin it must not"}, {"start": "00:08:58", "end": "00:09:01", "text": "have any value and they can never sell"}, {"start": "00:09:00", "end": "00:09:03", "text": "it and if they can't sell it then we"}, {"start": "00:09:01", "end": "00:09:05", "text": "can't count the Bitcoin as an asset on"}, {"start": "00:09:03", "end": "00:09:07", "text": "the balance sheet. So if you had $65"}, {"start": "00:09:05", "end": "00:09:10", "text": "billion worth of something and people"}, {"start": "00:09:07", "end": "00:09:11", "text": "wanted to value it at zero it's not very"}, {"start": "00:09:10", "end": "00:09:14", "text": "good. Right? The we don't want the"}, {"start": "00:09:11", "end": "00:09:17", "text": "credit rating agencies to think the"}, {"start": "00:09:14", "end": "00:09:18", "text": "company has zero dollars of assets. We"}, {"start": "00:09:17", "end": "00:09:22", "text": "want the credit rating agencies to think"}, {"start": "00:09:18", "end": "00:09:24", "text": "we have $65 billion of assets. And uh"}, {"start": "00:09:22", "end": "00:09:26", "text": "you know there are also trolls on the"}, {"start": "00:09:24", "end": "00:09:29", "text": "internet that that continually complain"}, {"start": "00:09:26", "end": "00:09:31", "text": "that this is a Ponzi scheme because we"}, {"start": "00:09:29", "end": "00:09:33", "text": "sell equity in order to fund a preferred"}, {"start": "00:09:31", "end": "00:09:36", "text": "dividend. Well, what we want to do is we"}, {"start": "00:09:33", "end": "00:09:38", "text": "want to reinforce the business model is"}, {"start": "00:09:36", "end": "00:09:41", "text": "we sell credit to make a capital"}, {"start": "00:09:38", "end": "00:09:44", "text": "investment in an asset Bitcoin digital"}, {"start": "00:09:41", "end": "00:09:47", "text": "capital. The capital investment creates"}, {"start": "00:09:44", "end": "00:09:49", "text": "over time faster than the dividend. We"}, {"start": "00:09:47", "end": "00:09:51", "text": "didn't monetize to capital gain and we"}, {"start": "00:09:49", "end": "00:09:53", "text": "paid the dividend. We think that the"}, {"start": "00:09:51", "end": "00:09:56", "text": "best way to punctuate this to make it"}, {"start": "00:09:53", "end": "00:09:58", "text": "very clear is to to make the point that"}, {"start": "00:09:56", "end": "00:10:01", "text": "the company doesn't have to sell common"}, {"start": "00:09:58", "end": "00:10:04", "text": "stock ever. We can simply sell highly"}, {"start": "00:10:01", "end": "00:10:07", "text": "appreciated Bitcoin in order to pay a"}, {"start": "00:10:04", "end": "00:10:09", "text": "dividend. And if we do that, you're uh"}, {"start": "00:10:07", "end": "00:10:13", "text": "capturing capital gain to pay a credit"}, {"start": "00:10:09", "end": "00:10:16", "text": "dividend. I think uh the analogy is like"}, {"start": "00:10:13", "end": "00:10:18", "text": "uh a real estate development company uh"}, {"start": "00:10:16", "end": "00:10:20", "text": "raises capital by issuing credit"}, {"start": "00:10:18", "end": "00:10:23", "text": "instrument, buys land at $10,000 an"}, {"start": "00:10:20", "end": "00:10:26", "text": "acre, develops it, it's worth $100,000"}, {"start": "00:10:23", "end": "00:10:28", "text": "an acre, and then they monetize that"}, {"start": "00:10:26", "end": "00:10:31", "text": "capital appreciation. You could sell the"}, {"start": "00:10:28", "end": "00:10:33", "text": "land at $100,000 an acre. You could rent"}, {"start": "00:10:31", "end": "00:10:36", "text": "the land after you fully developed it."}, {"start": "00:10:33", "end": "00:10:38", "text": "You could refinance the land. But nobody"}, {"start": "00:10:36", "end": "00:10:40", "text": "questions a real estate development"}, {"start": "00:10:38", "end": "00:10:43", "text": "company that makes a capital investment"}, {"start": "00:10:40", "end": "00:10:46", "text": "with a a credit income. What we're doing"}, {"start": "00:10:43", "end": "00:10:47", "text": "is the same thing with Bitcoin and we"}, {"start": "00:10:46", "end": "00:10:49", "text": "want to make sure that the market"}, {"start": "00:10:47", "end": "00:10:52", "text": "understands that"}, {"start": "00:10:49", "end": "00:10:53", "text": ">> and I think we do. Well, I think some of"}, {"start": "00:10:52", "end": "00:10:55", "text": "us do. So, that's pretty much it in a"}, {"start": "00:10:53", "end": "00:10:56", "text": "nutshell. Let me know what you think"}, {"start": "00:10:55", "end": "00:10:59", "text": "about that in the comments section."}, {"start": "00:10:56", "end": "00:11:01", "text": "Again, I understand why he said never"}, {"start": "00:10:59", "end": "00:11:03", "text": "sell your Bitcoin. I thought it was a"}, {"start": "00:11:01", "end": "00:11:05", "text": "mistake back then. I think that he has"}, {"start": "00:11:03", "end": "00:11:08", "text": "to walk those things back. I understand"}, {"start": "00:11:05", "end": "00:11:10", "text": "where he's coming from, but it is what"}, {"start": "00:11:08", "end": "00:11:11", "text": "it is and just expect a lot more"}, {"start": "00:11:10", "end": "00:11:14", "text": "volatility. Anyhow, let me think about"}, {"start": "00:11:11", "end": "00:11:16", "text": "that in the comments. And then lastly,"}, {"start": "00:11:14", "end": "00:11:20", "text": "before we get out of here, it's as a"}, {"start": "00:11:16", "end": "00:11:22", "text": "reminder, you know, these these cycles,"}, {"start": "00:11:20", "end": "00:11:25", "text": "if you still believe in four, I still"}, {"start": "00:11:22", "end": "00:11:28", "text": "believe four cycles. I think there's"}, {"start": "00:11:25", "end": "00:11:30", "text": "a lot of upside, but I still think we're"}, {"start": "00:11:28", "end": "00:11:32", "text": "going to go down. And unfortunately, I"}, {"start": "00:11:30", "end": "00:11:35", "text": "just I want to remind everybody that I"}, {"start": "00:11:32", "end": "00:11:38", "text": "never made anything like in like massive"}, {"start": "00:11:35", "end": "00:11:40", "text": "massive bull runs. I always bought and"}, {"start": "00:11:38", "end": "00:11:42", "text": "this is"}, {"start": "00:11:40", "end": "00:11:44", "text": "just a little little chart that takes a"}, {"start": "00:11:42", "end": "00:11:47", "text": "look at four years. This these two dots"}, {"start": "00:11:44", "end": "00:11:51", "text": "are separated exactly four years apart."}, {"start": "00:11:47", "end": "00:11:54", "text": "I never made anything up here. I always"}, {"start": "00:11:51", "end": "00:11:56", "text": "did my best. Actually, it was over here,"}, {"start": "00:11:54", "end": "00:11:58", "text": "that blue one, when I was buying down"}, {"start": "00:11:56", "end": "00:12:00", "text": "here. And when I was buying down here as"}, {"start": "00:11:58", "end": "00:12:02", "text": "far as Bitcoin and Ethereum and"}, {"start": "00:12:00", "end": "00:12:05", "text": "different altcoins back in the day, you"}, {"start": "00:12:02", "end": "00:12:06", "text": "can see that it's on like 2018. This is"}, {"start": "00:12:05", "end": "00:12:09", "text": "when nobody wants to buy. And it's the"}, {"start": "00:12:06", "end": "00:12:11", "text": "same thing happening again over here."}, {"start": "00:12:09", "end": "00:12:15", "text": "Nobody wants to buy right here. Nobody"}, {"start": "00:12:11", "end": "00:12:17", "text": "wants to buy April 21st, 2022"}, {"start": "00:12:15", "end": "00:12:20", "text": "because there was rumblings of, you"}, {"start": "00:12:17", "end": "00:12:23", "text": "know, FTX being insolvent and Voyager"}, {"start": "00:12:20", "end": "00:12:24", "text": "and Celsius talking about Celsius being"}, {"start": "00:12:23", "end": "00:12:27", "text": "a Ponzi scheme and everybody was a"}, {"start": "00:12:24", "end": "00:12:29", "text": "little bit worried. no one wanted to buy"}, {"start": "00:12:27", "end": "00:12:31", "text": "and then it would crash in November."}, {"start": "00:12:29", "end": "00:12:33", "text": "Just like if you see these all-time"}, {"start": "00:12:31", "end": "00:12:35", "text": "lows, they kind of line up four years"}, {"start": "00:12:33", "end": "00:12:37", "text": "perfectly. Again, four years perfectly."}, {"start": "00:12:35", "end": "00:12:40", "text": "You can find this on my website, links"}, {"start": "00:12:37", "end": "00:12:43", "text": "in the description. Shout out to Claude"}, {"start": "00:12:40", "end": "00:12:45", "text": "for making this actually work. But this"}, {"start": "00:12:43", "end": "00:12:48", "text": "is where all the money is made. It's not"}, {"start": "00:12:45", "end": "00:12:50", "text": "around here. It gets too crazy up here"}, {"start": "00:12:48", "end": "00:12:52", "text": "because you start to think to you have"}, {"start": "00:12:50", "end": "00:12:54", "text": "you start to listen to people when they"}, {"start": "00:12:52", "end": "00:12:58", "text": "when they say super cycle"}, {"start": "00:12:54", "end": "00:13:02", "text": "and diamond hands and then you got some"}, {"start": "00:12:58", "end": "00:13:03", "text": "some uh CEO of Micro Strategy on a stage"}, {"start": "00:13:02", "end": "00:13:06", "text": "saying never sell your Bitcoin. You"}, {"start": "00:13:03", "end": "00:13:09", "text": "really start to believe that"}, {"start": "00:13:06", "end": "00:13:10", "text": "it doesn't"}, {"start": "00:13:09", "end": "00:13:14", "text": "take"}, {"start": "00:13:10", "end": "00:13:16", "text": "but an instant to fall into that trap."}, {"start": "00:13:14", "end": "00:13:19", "text": "These are the times when all the money"}, {"start": "00:13:16", "end": "00:13:23", "text": "is made during the uncertainty and as we"}, {"start": "00:13:19", "end": "00:13:27", "text": "go lower. But as a reminder lastly is"}, {"start": "00:13:23", "end": "00:13:29", "text": "that when you do these things,"}, {"start": "00:13:27", "end": "00:13:30", "text": "you have capital gains tax when you sell"}, {"start": "00:13:29", "end": "00:13:31", "text": "them. This is I think why another reason"}, {"start": "00:13:30", "end": "00:13:33", "text": "why people don't like to sell too much"}, {"start": "00:13:31", "end": "00:13:35", "text": "is like damn those capital gains"}, {"start": "00:13:33", "end": "00:13:37", "text": "wherever you're at."}, {"start": "00:13:35", "end": "00:13:40", "text": "And this here is in the United States."}, {"start": "00:13:37", "end": "00:13:42", "text": "Here's the short-term brackets and it uh"}, {"start": "00:13:40", "end": "00:13:47", "text": "it's either short-term which less than a"}, {"start": "00:13:42", "end": "00:13:50", "text": "year. I mean 12 22 32% 35% you make a"}, {"start": "00:13:47", "end": "00:13:52", "text": "lot. That's the reality. And then also"}, {"start": "00:13:50", "end": "00:13:54", "text": "on top of this here's the long-term"}, {"start": "00:13:52", "end": "00:13:56", "text": "capital gains. I mean if you are going"}, {"start": "00:13:54", "end": "00:13:58", "text": "to hold on to things for more than a"}, {"start": "00:13:56", "end": "00:14:01", "text": "year, which most of us do, you're paying"}, {"start": "00:13:58", "end": "00:14:03", "text": "the minimum at least 15% in everything"}, {"start": "00:14:01", "end": "00:14:04", "text": "that you sell. And maybe that's why you"}, {"start": "00:14:03", "end": "00:14:07", "text": "don't like to take those profits. Some"}, {"start": "00:14:04", "end": "00:14:08", "text": "of you, I think a lot of you do take"}, {"start": "00:14:07", "end": "00:14:10", "text": "profits because you're here at the show"}, {"start": "00:14:08", "end": "00:14:12", "text": "and this is all I've been talking about"}, {"start": "00:14:10", "end": "00:14:15", "text": "for the last four years."}, {"start": "00:14:12", "end": "00:14:18", "text": "So, as a reminder,"}, {"start": "00:14:15", "end": "00:14:21", "text": "Sailor and Think, they both use Coinbase"}, {"start": "00:14:18", "end": "00:14:23", "text": "Prime, which is uh to custody, which is"}, {"start": "00:14:21", "end": "00:14:26", "text": "the same one that I trust uses. And it"}, {"start": "00:14:23", "end": "00:14:28", "text": "trust is for two things that I use it"}, {"start": "00:14:26", "end": "00:14:30", "text": "for. My Roth IRA because there's no"}, {"start": "00:14:28", "end": "00:14:34", "text": "capital gains tax in a Roth IRA. That's"}, {"start": "00:14:30", "end": "00:14:38", "text": "your retirement account. Also, it holds"}, {"start": "00:14:34", "end": "00:14:39", "text": "uh my my Bitcoin for custody and there's"}, {"start": "00:14:38", "end": "00:14:42", "text": "also custody services rather for"}, {"start": "00:14:39", "end": "00:14:44", "text": "altcoins if you want to. But I just like"}, {"start": "00:14:42", "end": "00:14:46", "text": "to use it because I can trade within my"}, {"start": "00:14:44", "end": "00:14:49", "text": "IRA account. There's no capital gains"}, {"start": "00:14:46", "end": "00:14:51", "text": "and I think right now would be a time to"}, {"start": "00:14:49", "end": "00:14:54", "text": "really take a look at this because no"}, {"start": "00:14:51", "end": "00:14:55", "text": "one likes to plan during the bad season."}, {"start": "00:14:54", "end": "00:14:58", "text": "Everybody thinks about this when we're"}, {"start": "00:14:55", "end": "00:15:00", "text": "having blowoff top crazy high"}, {"start": "00:14:58", "end": "00:15:05", "text": "valuations, but it's only the strong"}, {"start": "00:15:00", "end": "00:15:08", "text": "ones that plan during the downtime."}, {"start": "00:15:05", "end": "00:15:09", "text": "So when the uptime comes, they can"}, {"start": "00:15:08", "end": "00:15:12", "text": "actually take profits and not have to"}, {"start": "00:15:09", "end": "00:15:13", "text": "have so much pillaged away from them"}, {"start": "00:15:12", "end": "00:15:15", "text": "from the government. Anyhow, there's"}, {"start": "00:15:13", "end": "00:15:16", "text": "link in the description. I think you"}, {"start": "00:15:15", "end": "00:15:19", "text": "should check it out. This would be the"}, {"start": "00:15:16", "end": "00:15:20", "text": "time. And that's it for today. So look,"}, {"start": "00:15:19", "end": "00:15:22", "text": "like today's video, give it a thumbs up,"}, {"start": "00:15:20", "end": "00:15:24", "text": "consider subscribing. we talk about is"}, {"start": "00:15:22", "end": "00:15:26", "text": "relatively timesensitive, but uh now"}, {"start": "00:15:24", "end": "00:15:27", "text": "we'll get into a little Q&A and I'll"}, {"start": "00:15:26", "end": "00:15:29", "text": "answer all your questions and we'll go"}, {"start": "00:15:27", "end": "00:15:32", "text": "from there."}, {"start": "00:15:29", "end": "00:15:33", "text": "Marty says, \"Hey Rob, are you still"}, {"start": "00:15:32", "end": "00:15:37", "text": "micro DCing?\" You know, I learned my"}, {"start": "00:15:33", "end": "00:15:39", "text": "lesson last time in 2022."}, {"start": "00:15:37", "end": "00:15:41", "text": "I took my foot off the gas. I still"}, {"start": "00:15:39", "end": "00:15:44", "text": "invested into Bitcoin"}, {"start": "00:15:41", "end": "00:15:47", "text": "and some choice alts, which some worked"}, {"start": "00:15:44", "end": "00:15:49", "text": "out, some worked out really well, some"}, {"start": "00:15:47", "end": "00:15:52", "text": "did not. That's just how it is. But uh I"}, {"start": "00:15:49", "end": "00:15:56", "text": "took my foot off the gas as we were"}, {"start": "00:15:52", "end": "00:15:58", "text": "going down and uh I actually was"}, {"start": "00:15:56", "end": "00:16:00", "text": "microcinging like probably like half of"}, {"start": "00:15:58", "end": "00:16:03", "text": "what I would put in during the time and"}, {"start": "00:16:00", "end": "00:16:04", "text": "I always kick myself for that. So now I"}, {"start": "00:16:03", "end": "00:16:06", "text": "don't I don't really know there's"}, {"start": "00:16:04", "end": "00:16:09", "text": "everything that's swirling around us,"}, {"start": "00:16:06", "end": "00:16:11", "text": "right? We take a look at Iran. We take a"}, {"start": "00:16:09", "end": "00:16:13", "text": "look at potential AI bubbles. We take a"}, {"start": "00:16:11", "end": "00:16:16", "text": "look at sailor selling and also IBITS"}, {"start": "00:16:13", "end": "00:16:18", "text": "and the big uh runoffs that are the ETFs"}, {"start": "00:16:16", "end": "00:16:20", "text": "as they sell too. So we and we take a"}, {"start": "00:16:18", "end": "00:16:21", "text": "and inflation as well. We take a look at"}, {"start": "00:16:20", "end": "00:16:24", "text": "all those things and we add those up."}, {"start": "00:16:21", "end": "00:16:27", "text": "Like this looks like a real S show. I"}, {"start": "00:16:24", "end": "00:16:29", "text": "need to start stop selling or stop stop"}, {"start": "00:16:27", "end": "00:16:32", "text": "buying so much and just kind of hold"}, {"start": "00:16:29", "end": "00:16:34", "text": "back. However, here's the flip side to"}, {"start": "00:16:32", "end": "00:16:35", "text": "that."}, {"start": "00:16:34", "end": "00:16:37", "text": "What if everything comes together with"}, {"start": "00:16:35", "end": "00:16:39", "text": "Iran? What if at some point by some"}, {"start": "00:16:37", "end": "00:16:40", "text": "miracle I know people like that's"}, {"start": "00:16:39", "end": "00:16:41", "text": "ridiculous, Rob, it's never going to"}, {"start": "00:16:40", "end": "00:16:43", "text": "happen. It's going to happen at some"}, {"start": "00:16:41", "end": "00:16:46", "text": "point or World War II is going to"}, {"start": "00:16:43", "end": "00:16:49", "text": "happen. One of those two. So what if we"}, {"start": "00:16:46", "end": "00:16:51", "text": "flip that part? What if uh new Federal"}, {"start": "00:16:49", "end": "00:16:53", "text": "Reserve chair comes in and and actually"}, {"start": "00:16:51", "end": "00:16:56", "text": "deals with inflation? We take a look at"}, {"start": "00:16:53", "end": "00:16:57", "text": "the data that is not just the retro data"}, {"start": "00:16:56", "end": "00:16:59", "text": "that Jerome Powell was looking at, but"}, {"start": "00:16:57", "end": "00:17:01", "text": "more of like a mainstream API"}, {"start": "00:16:59", "end": "00:17:03", "text": "integration much like what trueflation"}, {"start": "00:17:01", "end": "00:17:04", "text": "does and goes, \"Hey, inflation isn't as"}, {"start": "00:17:03", "end": "00:17:06", "text": "bad as we thought it was because we"}, {"start": "00:17:04", "end": "00:17:08", "text": "actually have updated data points. Maybe"}, {"start": "00:17:06", "end": "00:17:10", "text": "that's a good thing.\" Oil starts to drop"}, {"start": "00:17:08", "end": "00:17:12", "text": "because Iran gets taken care of. Then of"}, {"start": "00:17:10", "end": "00:17:15", "text": "course inflation starts to drop and then"}, {"start": "00:17:12", "end": "00:17:16", "text": "maybe this AI bubble doesn't become a"}, {"start": "00:17:15", "end": "00:17:18", "text": "bubble and people get more into the"}, {"start": "00:17:16", "end": "00:17:19", "text": "picks and shovels which is the"}, {"start": "00:17:18", "end": "00:17:21", "text": "infrastructure which is energy which"}, {"start": "00:17:19", "end": "00:17:24", "text": "what we need anyhow. Maybe that's the"}, {"start": "00:17:21", "end": "00:17:27", "text": "opposite option. So the long the long"}, {"start": "00:17:24", "end": "00:17:30", "text": "and the short of it is this"}, {"start": "00:17:27", "end": "00:17:32", "text": "in a bare market I want to buy and a"}, {"start": "00:17:30", "end": "00:17:35", "text": "bull market I want to start selling. And"}, {"start": "00:17:32", "end": "00:17:37", "text": "that's never changed for me since I"}, {"start": "00:17:35", "end": "00:17:38", "text": "figured it all out. I didn't figure it"}, {"start": "00:17:37", "end": "00:17:41", "text": "out. more smarter people than me figured"}, {"start": "00:17:38", "end": "00:17:43", "text": "out a long time ago in 2022. That's why"}, {"start": "00:17:41", "end": "00:17:44", "text": "I have those four rules. Those four"}, {"start": "00:17:43", "end": "00:17:46", "text": "rules work real well. I'm going to keep"}, {"start": "00:17:44", "end": "00:17:49", "text": "with those four rules or five rules,"}, {"start": "00:17:46", "end": "00:17:51", "text": "excuse me, and that's it. So, to answer"}, {"start": "00:17:49", "end": "00:17:53", "text": "your question, Marty, I bought Bitcoin"}, {"start": "00:17:51", "end": "00:17:56", "text": "today. Actually, I didn't. It was on the"}, {"start": "00:17:53", "end": "00:17:59", "text": "Cash App. It just it just uh dings and"}, {"start": "00:17:56", "end": "00:18:01", "text": "happens because it's automated. And uh"}, {"start": "00:17:59", "end": "00:18:05", "text": "I'll probably be buying uh a little bit"}, {"start": "00:18:01", "end": "00:18:08", "text": "ETH, Salana, uh Tron,"}, {"start": "00:18:05", "end": "00:18:11", "text": "and a couple other ones. That's it."}, {"start": "00:18:08", "end": "00:18:14", "text": "ETH is really not impressing me. I will"}, {"start": "00:18:11", "end": "00:18:18", "text": "tell you that. I think ETH might be like"}, {"start": "00:18:14", "end": "00:18:21", "text": "the uh like MySpace in the.com era."}, {"start": "00:18:18", "end": "00:18:25", "text": "Started off real good and faded fast,"}, {"start": "00:18:21", "end": "00:18:27", "text": "but uh who knows? Who knows"}, {"start": "00:18:25", "end": "00:18:30", "text": "that? Okay,"}, {"start": "00:18:27", "end": "00:18:32", "text": "Cavalier. It's all over. It's all over."}, {"start": "00:18:30", "end": "00:18:35", "text": "That sounds right. It could be. It could"}, {"start": "00:18:32", "end": "00:18:37", "text": "be like maybe Dan Pena was right."}, {"start": "00:18:35", "end": "00:18:39", "text": "Bitcoin's going to go to zero."}, {"start": "00:18:37", "end": "00:18:42", "text": "I don't think we'd all let that happen."}, {"start": "00:18:39", "end": "00:18:44", "text": "I think if if Bitcoin crashed to 22"}, {"start": "00:18:42", "end": "00:18:47", "text": "cents, I think most of us would probably"}, {"start": "00:18:44", "end": "00:18:47", "text": "be picking it up."}, {"start": "00:18:48", "end": "00:18:52", "text": "Yeah."}, {"start": "00:18:50", "end": "00:18:54", "text": "Levi said, \"Sir, I told you three or"}, {"start": "00:18:52", "end": "00:18:57", "text": "four months ago, don't DCA Bitcoin now."}, {"start": "00:18:54", "end": "00:19:00", "text": "Ben was and still is right.\" Yeah, Ben"}, {"start": "00:18:57", "end": "00:19:02", "text": "has been uh correct. However, as a"}, {"start": "00:19:00", "end": "00:19:05", "text": "reminder,"}, {"start": "00:19:02", "end": "00:19:08", "text": "as a reminder, wasn't Bitcoin at 39,000"}, {"start": "00:19:05", "end": "00:19:10", "text": "at one point? I think it was. Let's take"}, {"start": "00:19:08", "end": "00:19:13", "text": "a look."}, {"start": "00:19:10", "end": "00:19:13", "text": "So, let's see here."}, {"start": "00:19:27", "end": "00:19:33", "text": "So, let's see. went from 120,000 then"}, {"start": "00:19:30", "end": "00:19:33", "text": "down here"}, {"start": "00:19:35", "end": "00:19:42", "text": "62 excuse me then we bobbled around in"}, {"start": "00:19:38", "end": "00:19:44", "text": "the 60s 69 68 I don't see a problem"}, {"start": "00:19:42", "end": "00:19:47", "text": "buying here because when you were up"}, {"start": "00:19:44", "end": "00:19:50", "text": "here why didn't you sell some"}, {"start": "00:19:47", "end": "00:19:52", "text": "why didn't you sell any if you were"}, {"start": "00:19:50", "end": "00:19:56", "text": "buying here you could have done what I"}, {"start": "00:19:52", "end": "00:19:58", "text": "did sell some"}, {"start": "00:19:56", "end": "00:20:00", "text": "I talked about this in a previous video"}, {"start": "00:19:58", "end": "00:20:02", "text": "So, Levi, yeah, Ben was uh he's right"}, {"start": "00:20:00", "end": "00:20:04", "text": "about Bitcoin dominance, but if you want"}, {"start": "00:20:02", "end": "00:20:06", "text": "to take a little profit, nothing wrong"}, {"start": "00:20:04", "end": "00:20:10", "text": "with that."}, {"start": "00:20:06", "end": "00:20:12", "text": "That's about it."}, {"start": "00:20:10", "end": "00:20:15", "text": "All right. People like, \"Oh, what is"}, {"start": "00:20:12", "end": "00:20:19", "text": "that, though?\" It's like 20%. 18%."}, {"start": "00:20:15", "end": "00:20:22", "text": "That's not a big deal. It's not bad."}, {"start": "00:20:19", "end": "00:20:22", "text": "Anyhow,"}, {"start": "00:20:22", "end": "00:20:26", "text": "where are we?"}, {"start": "00:20:29", "end": "00:20:33", "text": "Hello."}, {"start": "00:20:31", "end": "00:20:34", "text": "AI stocks pumping. If there is a crash,"}, {"start": "00:20:33", "end": "00:20:37", "text": "will there be a rotation of store of"}, {"start": "00:20:34", "end": "00:20:39", "text": "value, cash, gold, or Bitcoin? I I don't"}, {"start": "00:20:37", "end": "00:20:40", "text": "know. I think the store of value"}, {"start": "00:20:39", "end": "00:20:44", "text": "narrative was gold and silver, and that"}, {"start": "00:20:40", "end": "00:20:47", "text": "didn't really hold up today."}, {"start": "00:20:44", "end": "00:20:49", "text": "We'll see. I don't know. It's a weird"}, {"start": "00:20:47", "end": "00:20:52", "text": "thing. I don't think uh Peter Schiff is"}, {"start": "00:20:49", "end": "00:20:55", "text": "too active on X today. Sana is a good"}, {"start": "00:20:52", "end": "00:20:57", "text": "investment long term. need to teach"}, {"start": "00:20:55", "end": "00:20:58", "text": "Stephen to make smash burgers like Elap."}, {"start": "00:20:57", "end": "00:21:00", "text": "That's exactly true. That's the only"}, {"start": "00:20:58", "end": "00:21:04", "text": "thing that really matters. Smash burgers"}, {"start": "00:21:00", "end": "00:21:07", "text": "at Elap in Puerto Rico. H those are"}, {"start": "00:21:04", "end": "00:21:08", "text": "good. Sana, I think is a good Some"}, {"start": "00:21:07", "end": "00:21:10", "text": "people say that it's not a good"}, {"start": "00:21:08", "end": "00:21:13", "text": "investment because it's just not"}, {"start": "00:21:10", "end": "00:21:16", "text": "decentralized."}, {"start": "00:21:13", "end": "00:21:18", "text": "I'm like that may be true, but you know"}, {"start": "00:21:16", "end": "00:21:21", "text": "what is super decentralized? what is"}, {"start": "00:21:18", "end": "00:21:23", "text": "really I mean the top 50 Bitcoin"}, {"start": "00:21:21", "end": "00:21:26", "text": "obviously is the most decentralized but"}, {"start": "00:21:23", "end": "00:21:29", "text": "Cardano fantastic"}, {"start": "00:21:26", "end": "00:21:32", "text": "uh highly decentralized"}, {"start": "00:21:29", "end": "00:21:34", "text": "academics"}, {"start": "00:21:32", "end": "00:21:36", "text": "really has a good good groundwork but uh"}, {"start": "00:21:34", "end": "00:21:39", "text": "no one's using it seems like and you can"}, {"start": "00:21:36", "end": "00:21:40", "text": "just tell that by the price action and"}, {"start": "00:21:39", "end": "00:21:43", "text": "people say who cares about the price"}, {"start": "00:21:40", "end": "00:21:45", "text": "action Rob it's I'm in it for the tech"}, {"start": "00:21:43", "end": "00:21:47", "text": "sure you are"}, {"start": "00:21:45", "end": "00:21:49", "text": "sure you"}, {"start": "00:21:47", "end": "00:21:51", "text": "Let's see. Rob, are you on the stellar"}, {"start": "00:21:49", "end": "00:21:55", "text": "train? Defi hopes are starting to rise."}, {"start": "00:21:51", "end": "00:21:58", "text": "I prefer XRP though. Not really. Um"}, {"start": "00:21:55", "end": "00:22:00", "text": "gosh, I remember in 2017 when it was XRP"}, {"start": "00:21:58", "end": "00:22:01", "text": "and Stellar, they were the big fight and"}, {"start": "00:22:00", "end": "00:22:03", "text": "that was going to be the big thing and"}, {"start": "00:22:01", "end": "00:22:05", "text": "then it just dropped off the face of the"}, {"start": "00:22:03", "end": "00:22:07", "text": "planet. SEC"}, {"start": "00:22:05", "end": "00:22:10", "text": "and their uh their war against them"}, {"start": "00:22:07", "end": "00:22:13", "text": "didn't help the case. But we'll see if"}, {"start": "00:22:10", "end": "00:22:15", "text": "XLM works out."}, {"start": "00:22:13", "end": "00:22:19", "text": "I don't own any."}, {"start": "00:22:15", "end": "00:22:19", "text": "Those chains don't count."}, {"start": "00:22:22", "end": "00:22:27", "text": "If people don't use money, says Lone"}, {"start": "00:22:25", "end": "00:22:29", "text": "Wolf, they shouldn't. Then they don't"}, {"start": "00:22:27", "end": "00:22:32", "text": "need to sell the dip."}, {"start": "00:22:29", "end": "00:22:35", "text": "That's it. That's it. If you're just if"}, {"start": "00:22:32", "end": "00:22:37", "text": "you're using Bitcoin for for everyday"}, {"start": "00:22:35", "end": "00:22:41", "text": "transactions and purposes, sure, hit"}, {"start": "00:22:37", "end": "00:22:43", "text": "that up. We need some good news."}, {"start": "00:22:41", "end": "00:22:46", "text": "No way. Echoli met her husband on"}, {"start": "00:22:43", "end": "00:22:50", "text": "MySpace. Well, there was one good"}, {"start": "00:22:46", "end": "00:22:50", "text": "utility case for that. That's good."}, {"start": "00:22:52", "end": "00:22:56", "text": "Jean Louise is here. You know, it's a"}, {"start": "00:22:54", "end": "00:22:58", "text": "good day. Hey Rob, everybody's selling"}, {"start": "00:22:56", "end": "00:23:00", "text": "their bitcoins except your friends on"}, {"start": "00:22:58", "end": "00:23:03", "text": "this channel. Yeah, I think most of us"}, {"start": "00:23:00", "end": "00:23:05", "text": "are have done pretty well. Like like I"}, {"start": "00:23:03", "end": "00:23:06", "text": "you know, I talk about taking profits"}, {"start": "00:23:05", "end": "00:23:09", "text": "and things like that and be like, well,"}, {"start": "00:23:06", "end": "00:23:10", "text": "you know, I don't really want to. But"}, {"start": "00:23:09", "end": "00:23:12", "text": "people are like, \"What are you talking"}, {"start": "00:23:10", "end": "00:23:15", "text": "about these prophets that you that you"}, {"start": "00:23:12", "end": "00:23:17", "text": "say?\" Look, I think the most of us I"}, {"start": "00:23:15", "end": "00:23:19", "text": "know the most of my audience is this."}, {"start": "00:23:17", "end": "00:23:23", "text": "You've been here for a long time. You've"}, {"start": "00:23:19", "end": "00:23:27", "text": "either been here since 2013, 2017, maybe"}, {"start": "00:23:23", "end": "00:23:29", "text": "2021, 2022, and or you are an"}, {"start": "00:23:27", "end": "00:23:32", "text": "entrepreneur. That is essentially my"}, {"start": "00:23:29", "end": "00:23:34", "text": "whole channel. So, I know some of you"}, {"start": "00:23:32", "end": "00:23:36", "text": "have some specific profits that you"}, {"start": "00:23:34", "end": "00:23:38", "text": "could have taken that you just are going"}, {"start": "00:23:36", "end": "00:23:40", "text": "to ride them out. There's nothing wrong"}, {"start": "00:23:38", "end": "00:23:42", "text": "with that. It's just that it just"}, {"start": "00:23:40", "end": "00:23:45", "text": "depends on your time frame, your time"}, {"start": "00:23:42", "end": "00:23:47", "text": "horizon, right? People talk about that."}, {"start": "00:23:45", "end": "00:23:49", "text": "Like for me, I needed I needed some"}, {"start": "00:23:47", "end": "00:23:51", "text": "funds to"}, {"start": "00:23:49", "end": "00:23:53", "text": "uh to go ahead with some some real"}, {"start": "00:23:51", "end": "00:23:55", "text": "estate deals. So, I was in that position"}, {"start": "00:23:53", "end": "00:23:59", "text": "that I had to and it was relatively"}, {"start": "00:23:55", "end": "00:24:00", "text": "rightish time. So, that was it. But some"}, {"start": "00:23:59", "end": "00:24:02", "text": "of you are like, I don't really need it"}, {"start": "00:24:00", "end": "00:24:05", "text": "now. And think about this though. You"}, {"start": "00:24:02", "end": "00:24:08", "text": "may not need it now today. But let me"}, {"start": "00:24:05", "end": "00:24:11", "text": "ask you something. If Bitcoin,"}, {"start": "00:24:08", "end": "00:24:13", "text": "let's say, we get more FUD about quantum"}, {"start": "00:24:11", "end": "00:24:16", "text": "computing or some new thing comes out in"}, {"start": "00:24:13", "end": "00:24:18", "text": "Iran or there's some coalition against"}, {"start": "00:24:16", "end": "00:24:20", "text": "America and more talk about wars or"}, {"start": "00:24:18", "end": "00:24:22", "text": "there's some big shift in AI and there's"}, {"start": "00:24:20", "end": "00:24:26", "text": "an implosion and the price of Bitcoin"}, {"start": "00:24:22", "end": "00:24:29", "text": "goes from what was it today 71 72 and it"}, {"start": "00:24:26", "end": "00:24:33", "text": "goes all the way down to like down to 59"}, {"start": "00:24:29", "end": "00:24:36", "text": "then 55 then 50 then 48."}, {"start": "00:24:33", "end": "00:24:37", "text": "If Bitcoin is at 48K and you always had"}, {"start": "00:24:36", "end": "00:24:41", "text": "to think about this, I would need some"}, {"start": "00:24:37", "end": "00:24:43", "text": "dry powder to pick that up. So, some of"}, {"start": "00:24:41", "end": "00:24:45", "text": "these these uh these buys, not a bad"}, {"start": "00:24:43", "end": "00:24:46", "text": "deal."}, {"start": "00:24:45", "end": "00:24:47", "text": "We just need to have a little bit of dry"}, {"start": "00:24:46", "end": "00:24:50", "text": "powder."}, {"start": "00:24:47", "end": "00:24:53", "text": "Yeah, 2019 is a pretty good time, dogs."}, {"start": "00:24:50", "end": "00:24:56", "text": "2018 is a great time because you missed"}, {"start": "00:24:53", "end": "00:24:58", "text": "essentially the 2018 like uncertainty"}, {"start": "00:24:56", "end": "00:25:00", "text": "and 2019 was a pretty pretty decent"}, {"start": "00:24:58", "end": "00:25:04", "text": "year. Had a nice little rally."}, {"start": "00:25:00", "end": "00:25:04", "text": "Yeah, was a good time."}, {"start": "00:25:06", "end": "00:25:11", "text": "Shimmy says, \"Michael seller sell sells"}, {"start": "00:25:08", "end": "00:25:12", "text": "32 Bitcoin. Market drops like crazy and"}, {"start": "00:25:11", "end": "00:25:16", "text": "he buys a thousand.\" That's a 40 chess"}, {"start": "00:25:12", "end": "00:25:17", "text": "move. Yeah, maybe that's it. Again,"}, {"start": "00:25:16", "end": "00:25:19", "text": "there's a there's a couple different"}, {"start": "00:25:17", "end": "00:25:23", "text": "ways to look at that. He sold to drop"}, {"start": "00:25:19", "end": "00:25:25", "text": "the market or he sold to show the banks"}, {"start": "00:25:23", "end": "00:25:26", "text": "or the credit rating that hey, we can"}, {"start": "00:25:25", "end": "00:25:27", "text": "actually sell these things. It's not"}, {"start": "00:25:26", "end": "00:25:28", "text": "like we're going to hold on to it"}, {"start": "00:25:27", "end": "00:25:30", "text": "forever. I know what I said at the"}, {"start": "00:25:28", "end": "00:25:32", "text": "Bitcoin conference. I'd never sell it,"}, {"start": "00:25:30", "end": "00:25:35", "text": "but just kidding."}, {"start": "00:25:32", "end": "00:25:37", "text": "Maybe it's that or"}, {"start": "00:25:35", "end": "00:25:39", "text": "maybe it was just a natural progression"}, {"start": "00:25:37", "end": "00:25:41", "text": "of things or maybe it's something more"}, {"start": "00:25:39", "end": "00:25:44", "text": "sell-offs to come. Here's another here's"}, {"start": "00:25:41", "end": "00:25:45", "text": "another scenario. What if he's like 32"}, {"start": "00:25:44", "end": "00:25:47", "text": "Bitcoin just to dip our toes into it"}, {"start": "00:25:45", "end": "00:25:51", "text": "now? Now people can shut up about it"}, {"start": "00:25:47", "end": "00:25:52", "text": "being a Ponzi. Okay, Stretch is not a"}, {"start": "00:25:51", "end": "00:25:55", "text": "Ponzi. I can sell Bitcoin. We've let it"}, {"start": "00:25:52", "end": "00:25:57", "text": "appreciate pretty good."}, {"start": "00:25:55", "end": "00:25:59", "text": "Now,"}, {"start": "00:25:57", "end": "00:26:01", "text": "uh, we're going to sell some more"}, {"start": "00:25:59", "end": "00:26:03", "text": "because, uh, you know, dry powder. We"}, {"start": "00:26:01", "end": "00:26:05", "text": "listened to digital asset news and he"}, {"start": "00:26:03", "end": "00:26:09", "text": "was talking about taking profits. Just"}, {"start": "00:26:05", "end": "00:26:10", "text": "kidding. What if that happened? I will"}, {"start": "00:26:09", "end": "00:26:13", "text": "tell you, I think the market would drop"}, {"start": "00:26:10", "end": "00:26:17", "text": "even more. So,"}, {"start": "00:26:13", "end": "00:26:17", "text": "it's just how you set it up for it."}, {"start": "00:26:18", "end": "00:26:25", "text": "Joe says, \"Sailor is not a man of his"}, {"start": "00:26:21", "end": "00:26:25", "text": "word. All I need to know"}, {"start": "00:26:25", "end": "00:26:29", "text": "I'm not going to make excuses for"}, {"start": "00:26:27", "end": "00:26:31", "text": "anybody. Again, I said I'd never thought"}, {"start": "00:26:29", "end": "00:26:33", "text": "that that that whole thing about never"}, {"start": "00:26:31", "end": "00:26:35", "text": "sell your Bitcoin. It's like that's"}, {"start": "00:26:33", "end": "00:26:37", "text": "doesn't make any sense. But then people"}, {"start": "00:26:35", "end": "00:26:38", "text": "would say, ah, you can just take loans"}, {"start": "00:26:37", "end": "00:26:41", "text": "against it, genius. And I'm like, have"}, {"start": "00:26:38", "end": "00:26:44", "text": "you ever done that? I did that Celsius."}, {"start": "00:26:41", "end": "00:26:46", "text": "Didn't work out too great for me. And of"}, {"start": "00:26:44", "end": "00:26:48", "text": "course, everybody wants to take loans on"}, {"start": "00:26:46", "end": "00:26:49", "text": "their Bitcoin in a bull market at the"}, {"start": "00:26:48", "end": "00:26:51", "text": "all-time highs or near all-time highs."}, {"start": "00:26:49", "end": "00:26:53", "text": "I'm like, do you know what that does to"}, {"start": "00:26:51", "end": "00:26:55", "text": "you? This thing called a margin call."}, {"start": "00:26:53", "end": "00:26:58", "text": "have fun."}, {"start": "00:26:55", "end": "00:26:58", "text": "Anyhow,"}, {"start": "00:26:58", "end": "00:27:03", "text": "that's it. I think that's it for today."}, {"start": "00:27:01", "end": "00:27:05", "text": "I think I answered all the questions,"}, {"start": "00:27:03", "end": "00:27:06", "text": "everybody. I think we're good,"}, {"start": "00:27:05", "end": "00:27:08", "text": "everybody. That's it for today. So,"}, {"start": "00:27:06", "end": "00:27:11", "text": "look, like today's video, thumbs up,"}, {"start": "00:27:08", "end": "00:27:14", "text": "subscribe again, check out the uh the"}, {"start": "00:27:11", "end": "00:27:15", "text": "new AI channel where we're going to talk"}, {"start": "00:27:14", "end": "00:27:16", "text": "about investments, but that's not the"}, {"start": "00:27:15", "end": "00:27:19", "text": "bulk of it. The bulk of it is how to use"}, {"start": "00:27:16", "end": "00:27:20", "text": "AI in businesses, small businesses,"}, {"start": "00:27:19", "end": "00:27:23", "text": "medium businesses, how I use in my"}, {"start": "00:27:20", "end": "00:27:25", "text": "businesses, everyday use cases. And I"}, {"start": "00:27:23", "end": "00:27:27", "text": "will tell you a tip right now before we"}, {"start": "00:27:25", "end": "00:27:29", "text": "we get out of here. If you're using"}, {"start": "00:27:27", "end": "00:27:32", "text": "clawed"}, {"start": "00:27:29", "end": "00:27:35", "text": "desktop version for AI, for AI services"}, {"start": "00:27:32", "end": "00:27:38", "text": "and skills and things like that, do not"}, {"start": "00:27:35", "end": "00:27:39", "text": "use chat because if you're paying like"}, {"start": "00:27:38", "end": "00:27:42", "text": "like the monthly amount, which is like"}, {"start": "00:27:39", "end": "00:27:44", "text": "20 bucks up to $200, don't use chat."}, {"start": "00:27:42", "end": "00:27:47", "text": "Never use chat."}, {"start": "00:27:44", "end": "00:27:50", "text": "Don't use co-work. Never use codework."}, {"start": "00:27:47", "end": "00:27:54", "text": "Only use code on claude."}, {"start": "00:27:50", "end": "00:27:56", "text": "And I need to do a video of it, but it"}, {"start": "00:27:54", "end": "00:27:58", "text": "if you don't use code, it burns through"}, {"start": "00:27:56", "end": "00:28:02", "text": "your tokens like crazy and uh you just"}, {"start": "00:27:58", "end": "00:28:04", "text": "wasted 20 or $200. And I've already"}, {"start": "00:28:02", "end": "00:28:05", "text": "shown it. But yeah, that's it for today."}, {"start": "00:28:04", "end": "00:28:09", "text": "Like today's video, thumbs up,"}, {"start": "00:28:05", "end": "00:28:12", "text": "subscribe. See you guys in the next one."}, {"start": "00:28:09", "end": "00:28:12", "text": "Stay safe out there. Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "If you had to bet today, like everything"}, {"start": "00:00:02", "end": "00:00:07", "text": "that you know about"}, {"start": "00:00:04", "end": "00:00:10", "text": "uh Anthropic and OpenAI"}, {"start": "00:00:07", "end": "00:00:12", "text": "and xAI, where would you put your money"}, {"start": "00:00:10", "end": "00:00:14", "text": "behind?"}, {"start": "00:00:12", "end": "00:00:15", "text": ">> None of the above."}, {"start": "00:00:14", "end": "00:00:16", "text": ">> Yeah. No, no, but you could only do pick"}, {"start": "00:00:15", "end": "00:00:18", "text": "those three."}, {"start": "00:00:16", "end": "00:00:20", "text": "There's only three that you can do."}, {"start": "00:00:18", "end": "00:00:21", "text": ">> I had to I had number one, I had to do"}, {"start": "00:00:20", "end": "00:00:22", "text": "it, and then I had to choose one of"}, {"start": "00:00:21", "end": "00:00:23", "text": "those three."}, {"start": "00:00:22", "end": "00:00:27", "text": ">> Yeah."}, {"start": "00:00:23", "end": "00:00:28", "text": ">> It'd be It'd have to be xAI."}, {"start": "00:00:27", "end": "00:00:30", "text": "And the And the reason, and let me let"}, {"start": "00:00:28", "end": "00:00:32", "text": "me say why."}, {"start": "00:00:30", "end": "00:00:34", "text": "I don't think any of them are a good"}, {"start": "00:00:32", "end": "00:00:37", "text": "idea because I think that is the element"}, {"start": "00:00:34", "end": "00:00:40", "text": "of the industry that is going to be the"}, {"start": "00:00:37", "end": "00:00:42", "text": "most disrupted as we go further into the"}, {"start": "00:00:40", "end": "00:00:43", "text": "innovation cycle, right?"}, {"start": "00:00:42", "end": "00:00:46", "text": ">> Mhm."}, {"start": "00:00:43", "end": "00:00:49", "text": ">> So, but why do I pick xAI over the other"}, {"start": "00:00:46", "end": "00:00:51", "text": "ones? It's because Elon will actually be"}, {"start": "00:00:49", "end": "00:00:53", "text": "building his own chip."}, {"start": "00:00:51", "end": "00:00:56", "text": "Anthropic does not build chips, and"}, {"start": "00:00:53", "end": "00:00:59", "text": "neither does OpenAI. They do not control"}, {"start": "00:00:56", "end": "00:01:01", "text": "the supply chain for which their product"}, {"start": "00:00:59", "end": "00:01:04", "text": "operates on."}, {"start": "00:01:01", "end": "00:01:08", "text": "Elon will be owning the entire supply"}, {"start": "00:01:04", "end": "00:01:12", "text": "chain for which his product operates on."}, {"start": "00:01:08", "end": "00:01:12", "text": "That's a That's huge."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Good, good, good stuff. Hey everybody,"}, {"start": "00:00:03", "end": "00:00:07", "text": "welcome to the Sunday live stream and"}, {"start": "00:00:04", "end": "00:00:09", "text": "join us everybody Jerry from Costa Rica."}, {"start": "00:00:07", "end": "00:00:12", "text": "Jerry, how's things today?"}, {"start": "00:00:09", "end": "00:00:15", "text": ">> Oh man, it's an actual once in a once in"}, {"start": "00:00:12", "end": "00:00:17", "text": "a month lazy Sunday. I'm really glad to"}, {"start": "00:00:15", "end": "00:00:20", "text": "be here with you all. Hope that you're"}, {"start": "00:00:17", "end": "00:00:21", "text": "having a lazy enjoyable Sunday as well."}, {"start": "00:00:20", "end": "00:00:23", "text": ">> Well, it's a it's a pretty good day,"}, {"start": "00:00:21", "end": "00:00:25", "text": "especially if you've got into different"}, {"start": "00:00:23", "end": "00:00:27", "text": "stocks in the traditional markets. And"}, {"start": "00:00:25", "end": "00:00:28", "text": "today we're going to take a look at why"}, {"start": "00:00:27", "end": "00:00:32", "text": "or the reason that traditional markets"}, {"start": "00:00:28", "end": "00:00:33", "text": "are doing so well against say Bitcoin"}, {"start": "00:00:32", "end": "00:00:36", "text": "and also we're going to take a look at"}, {"start": "00:00:33", "end": "00:00:37", "text": "how Bitcoin is is favoring against gold"}, {"start": "00:00:36", "end": "00:00:39", "text": "and we're going to take a look at some"}, {"start": "00:00:37", "end": "00:00:40", "text": "things as far as like four years and"}, {"start": "00:00:39", "end": "00:00:42", "text": "midterm elections. So there's a lot of"}, {"start": "00:00:40", "end": "00:00:44", "text": "things to talk about. So Jerry, I'm glad"}, {"start": "00:00:42", "end": "00:00:46", "text": "you're here to help me out to"}, {"start": "00:00:44", "end": "00:00:48", "text": "disseminate this information. So this is"}, {"start": "00:00:46", "end": "00:00:50", "text": "what we have. So the thesis that I I I"}, {"start": "00:00:48", "end": "00:00:51", "text": "have and it's not just me. You know,"}, {"start": "00:00:50", "end": "00:00:54", "text": "this is data going all the way back to"}, {"start": "00:00:51", "end": "00:00:56", "text": "the 1940s. As far as the midterm"}, {"start": "00:00:54", "end": "00:00:58", "text": "election years, midterm election years"}, {"start": "00:00:56", "end": "00:01:00", "text": "are very volatile. The markets do not"}, {"start": "00:00:58", "end": "00:01:02", "text": "like the unknowns. And of course, the"}, {"start": "00:01:00", "end": "00:01:05", "text": "unknowns are who's going to be voted in"}, {"start": "00:01:02", "end": "00:01:07", "text": "for Congress? Is it going to be just a"}, {"start": "00:01:05", "end": "00:01:09", "text": "plethora of different Democrats taking"}, {"start": "00:01:07", "end": "00:01:11", "text": "over for Republicans? Will Republicans"}, {"start": "00:01:09", "end": "00:01:14", "text": "hold? Will the president have to"}, {"start": "00:01:11", "end": "00:01:17", "text": "actually be fighting even more? So, it's"}, {"start": "00:01:14", "end": "00:01:19", "text": "it's a big um it'll be a big issue"}, {"start": "00:01:17", "end": "00:01:20", "text": "coming up. And this isn't a geopolitical"}, {"start": "00:01:19", "end": "00:01:22", "text": "channel. I'm just saying this is the"}, {"start": "00:01:20", "end": "00:01:24", "text": "reality of the situation. This is the"}, {"start": "00:01:22", "end": "00:01:26", "text": "midterm election year. And historically"}, {"start": "00:01:24", "end": "00:01:28", "text": "speaking, it's been a pretty much of a"}, {"start": "00:01:26", "end": "00:01:30", "text": "down year. However,"}, {"start": "00:01:28", "end": "00:01:33", "text": "when we take a look at it, political"}, {"start": "00:01:30", "end": "00:01:35", "text": "uncertainty has dampened returns. And"}, {"start": "00:01:33", "end": "00:01:36", "text": "it's not like it's a ton. If we're"}, {"start": "00:01:35", "end": "00:01:40", "text": "taking a look between the the date"}, {"start": "00:01:36", "end": "00:01:44", "text": "ranges of 1930 to 2025, the midterm"}, {"start": "00:01:40", "end": "00:01:46", "text": "years, the average return is only 4.7%."}, {"start": "00:01:44", "end": "00:01:48", "text": "And because of that, people say, \"Well,"}, {"start": "00:01:46", "end": "00:01:50", "text": "that's a down year,\" which is true, but"}, {"start": "00:01:48", "end": "00:01:52", "text": "I mean, S&P 500 over time has been some"}, {"start": "00:01:50", "end": "00:01:56", "text": "pretty consistent results. Now, all"}, {"start": "00:01:52", "end": "00:01:58", "text": "other years, you're looking at 9.5%"}, {"start": "00:01:56", "end": "00:02:00", "text": "uh for for those returns. So, what"}, {"start": "00:01:58", "end": "00:02:02", "text": "happened? What happened here? What"}, {"start": "00:02:00", "end": "00:02:03", "text": "happened this year? Because we're we're"}, {"start": "00:02:02", "end": "00:02:05", "text": "keep hitting these all-time highs."}, {"start": "00:02:03", "end": "00:02:07", "text": "People like, \"Well, what's the deal?\" If"}, {"start": "00:02:05", "end": "00:02:11", "text": "we're taking a look at that, it comes"}, {"start": "00:02:07", "end": "00:02:12", "text": "down to AI and it comes down to the"}, {"start": "00:02:11", "end": "00:02:14", "text": "speculation that is out there and it"}, {"start": "00:02:12", "end": "00:02:16", "text": "comes down to is this a bubble which"}, {"start": "00:02:14", "end": "00:02:18", "text": "Jerry's going to talk about. He's got"}, {"start": "00:02:16", "end": "00:02:21", "text": "some good points to it. But what I want"}, {"start": "00:02:18", "end": "00:02:24", "text": "to show you is the MAG 7 which"}, {"start": "00:02:21", "end": "00:02:28", "text": "essentially props up the entire S&P 500."}, {"start": "00:02:24", "end": "00:02:32", "text": "I want to say it's between 34 to 37"}, {"start": "00:02:28", "end": "00:02:33", "text": "maybe 43% of the entire S&P 500"}, {"start": "00:02:32", "end": "00:02:35", "text": "depending on what year we're taking a"}, {"start": "00:02:33", "end": "00:02:38", "text": "look at. And the mag seven right now are"}, {"start": "00:02:35", "end": "00:02:41", "text": "Nvidia, Microsoft, Google, Amazon, Meta,"}, {"start": "00:02:38", "end": "00:02:44", "text": "Apple, and Tesla. And when we took those"}, {"start": "00:02:41", "end": "00:02:46", "text": "out and just concentrate on the AI heavy"}, {"start": "00:02:44", "end": "00:02:48", "text": "hitters, which would be of course in the"}, {"start": "00:02:46", "end": "00:02:50", "text": "tops, Nvidia, Microsoft, Google, Amazon,"}, {"start": "00:02:48", "end": "00:02:53", "text": "and Meta, you can see that in the yellow"}, {"start": "00:02:50", "end": "00:02:55", "text": "is the S&P 500 equally weighted without"}, {"start": "00:02:53", "end": "00:02:56", "text": "that concentration. I'm going to skip"}, {"start": "00:02:55", "end": "00:02:59", "text": "the blue and just go to the green, which"}, {"start": "00:02:56", "end": "00:03:01", "text": "is the equal weighted AI heavy hitters,"}, {"start": "00:02:59", "end": "00:03:04", "text": "Nvidia, Microsoft, Google, Amazon, and"}, {"start": "00:03:01", "end": "00:03:07", "text": "Meta. If you take those out, there's a"}, {"start": "00:03:04", "end": "00:03:09", "text": "big reduction in the price appreciation"}, {"start": "00:03:07", "end": "00:03:10", "text": "of what's going on. So, this is just"}, {"start": "00:03:09", "end": "00:03:12", "text": "something to take a look at and go, \"Ah,"}, {"start": "00:03:10", "end": "00:03:16", "text": "this is it.\" And I think a lot of people"}, {"start": "00:03:12", "end": "00:03:18", "text": "are into that arena because they believe"}, {"start": "00:03:16", "end": "00:03:20", "text": "that this is a once-ina-lifetime"}, {"start": "00:03:18", "end": "00:03:24", "text": "investment opportunity just like the dot"}, {"start": "00:03:20", "end": "00:03:26", "text": "era, just like in every uh in the"}, {"start": "00:03:24", "end": "00:03:29", "text": "mortgage back securities in 2006, 7, 8,"}, {"start": "00:03:26", "end": "00:03:30", "text": "and 9. and they think that there's it's"}, {"start": "00:03:29", "end": "00:03:32", "text": "going to just keep going up and they"}, {"start": "00:03:30", "end": "00:03:34", "text": "have to get in now. And maybe that's"}, {"start": "00:03:32", "end": "00:03:37", "text": "true. That's why we'll talk about it."}, {"start": "00:03:34", "end": "00:03:40", "text": "But as a reminder, midterm election"}, {"start": "00:03:37", "end": "00:03:44", "text": "years for Mag 7's share just moving from"}, {"start": "00:03:40", "end": "00:03:46", "text": "2012 to today, you can see the share has"}, {"start": "00:03:44", "end": "00:03:48", "text": "become more and more and more"}, {"start": "00:03:46", "end": "00:03:51", "text": "concentrated. And you can see that in"}, {"start": "00:03:48", "end": "00:03:54", "text": "these years, 2020, well 2014 and 2015,"}, {"start": "00:03:51", "end": "00:03:57", "text": "that would be the last midterm election."}, {"start": "00:03:54", "end": "00:03:59", "text": "in 2018 and 2022. You can see there's"}, {"start": "00:03:57", "end": "00:04:01", "text": "like it's like a little bit of a a pump"}, {"start": "00:03:59", "end": "00:04:03", "text": "and a dump and then it kind of comes"}, {"start": "00:04:01", "end": "00:04:05", "text": "back and there's a little bit of a gain"}, {"start": "00:04:03", "end": "00:04:08", "text": "like we took a look at. And that's the"}, {"start": "00:04:05", "end": "00:04:10", "text": "same thing holding true today."}, {"start": "00:04:08", "end": "00:04:12", "text": "So the question is Jerry, what's going"}, {"start": "00:04:10", "end": "00:04:15", "text": "on with this? Is it just speculation or"}, {"start": "00:04:12", "end": "00:04:16", "text": "there's something with debt? How's this"}, {"start": "00:04:15", "end": "00:04:20", "text": "all working out?"}, {"start": "00:04:16", "end": "00:04:22", "text": ">> Okay, so obviously the disclaimer is I"}, {"start": "00:04:20", "end": "00:04:26", "text": "could be wrong. This is just me and my"}, {"start": "00:04:22", "end": "00:04:30", "text": "thoughts and my experience providing a"}, {"start": "00:04:26", "end": "00:04:33", "text": "response to a question. Um,"}, {"start": "00:04:30", "end": "00:04:35", "text": "traditionally in a midterm election,"}, {"start": "00:04:33", "end": "00:04:39", "text": "you're right. The investment world will"}, {"start": "00:04:35", "end": "00:04:43", "text": "always be more c uh cautious when they"}, {"start": "00:04:39", "end": "00:04:44", "text": "are not confident in an outcome. Right."}, {"start": "00:04:43", "end": "00:04:45", "text": ">> Right."}, {"start": "00:04:44", "end": "00:04:47", "text": ">> They're going to be new lawmakers. Will"}, {"start": "00:04:45", "end": "00:04:50", "text": "new laws come into place? and how will"}, {"start": "00:04:47", "end": "00:04:52", "text": "those new laws affect the investments"}, {"start": "00:04:50", "end": "00:04:56", "text": "that I'm investing in? Okay, that's"}, {"start": "00:04:52", "end": "00:05:00", "text": "completely normal. It's a rational thing"}, {"start": "00:04:56", "end": "00:05:04", "text": "as it pertains to this new growth engine"}, {"start": "00:05:00", "end": "00:05:07", "text": "AI and compute and electricity."}, {"start": "00:05:04", "end": "00:05:09", "text": "This seems to be a very bipartisan"}, {"start": "00:05:07", "end": "00:05:13", "text": "issue. Whether you're a Democrat or a"}, {"start": "00:05:09", "end": "00:05:15", "text": "Republican or an independent, it is easy"}, {"start": "00:05:13", "end": "00:05:19", "text": "to see that this new technology will"}, {"start": "00:05:15", "end": "00:05:21", "text": "bring productivity gain. Why did I go"}, {"start": "00:05:19", "end": "00:05:25", "text": "through all of that? To answer your"}, {"start": "00:05:21", "end": "00:05:29", "text": "question, it's because for the most"}, {"start": "00:05:25", "end": "00:05:32", "text": "part, the last 40 years"}, {"start": "00:05:29", "end": "00:05:36", "text": "through the industrial revolution where"}, {"start": "00:05:32", "end": "00:05:37", "text": "productivity, the the ability to create"}, {"start": "00:05:36", "end": "00:05:39", "text": "more"}, {"start": "00:05:37", "end": "00:05:41", "text": "sell more,"}, {"start": "00:05:39", "end": "00:05:44", "text": "bring down the cost so that you could"}, {"start": "00:05:41", "end": "00:05:47", "text": "sell even more. That was the entire"}, {"start": "00:05:44", "end": "00:05:51", "text": "engine post World War II up until about"}, {"start": "00:05:47", "end": "00:05:55", "text": "the Reagan era. when the Reagan era came"}, {"start": "00:05:51", "end": "00:05:57", "text": "in and all of the deflationary forces of"}, {"start": "00:05:55", "end": "00:06:00", "text": "innovation, in other words, the way our"}, {"start": "00:05:57", "end": "00:06:04", "text": "manufacturing improved that allowed us"}, {"start": "00:06:00", "end": "00:06:07", "text": "to either a get materials cheaper, build"}, {"start": "00:06:04", "end": "00:06:08", "text": "things cheaper, deliver them cheaper,"}, {"start": "00:06:07", "end": "00:06:11", "text": "bring down the cost. All of those"}, {"start": "00:06:08", "end": "00:06:16", "text": "deflationary"}, {"start": "00:06:11", "end": "00:06:18", "text": "elements brought to the market decreased"}, {"start": "00:06:16", "end": "00:06:19", "text": "the profitability"}, {"start": "00:06:18", "end": "00:06:22", "text": "across the board. in almost every"}, {"start": "00:06:19", "end": "00:06:24", "text": "industry. It did not matter which one"}, {"start": "00:06:22", "end": "00:06:26", "text": "because all of those primary"}, {"start": "00:06:24", "end": "00:06:31", "text": "effects were in place."}, {"start": "00:06:26", "end": "00:06:34", "text": ">> They need to figure out a way to"}, {"start": "00:06:31", "end": "00:06:37", "text": "jack up value."}, {"start": "00:06:34", "end": "00:06:39", "text": ">> Well, you take on debt."}, {"start": "00:06:37", "end": "00:06:44", "text": ">> Debt was the big lever that they used."}, {"start": "00:06:39", "end": "00:06:49", "text": "If I could borrow a dollar and only pay"}, {"start": "00:06:44", "end": "00:06:52", "text": "five percent and I could create seven%"}, {"start": "00:06:49", "end": "00:06:56", "text": "more I created a delta for myself. This"}, {"start": "00:06:52", "end": "00:06:58", "text": "was a very advantageous thing to do. And"}, {"start": "00:06:56", "end": "00:07:02", "text": "keep in mind coming out of the"}, {"start": "00:06:58", "end": "00:07:05", "text": "industrial revolution the world was very"}, {"start": "00:07:02", "end": "00:07:07", "text": "opposed to debt culturally. This was in"}, {"start": "00:07:05", "end": "00:07:10", "text": "business you didn't want to take a lot"}, {"start": "00:07:07", "end": "00:07:12", "text": "of debt. the depression"}, {"start": "00:07:10", "end": "00:07:14", "text": "in all of those people were still alive."}, {"start": "00:07:12", "end": "00:07:16", "text": "They they felt that they lived that."}, {"start": "00:07:14", "end": "00:07:19", "text": "They experienced all of those"}, {"start": "00:07:16", "end": "00:07:22", "text": "antecedants that came from that from"}, {"start": "00:07:19", "end": "00:07:26", "text": "that economic environment. And now all"}, {"start": "00:07:22", "end": "00:07:28", "text": "of a sudden you've got an entire world"}, {"start": "00:07:26", "end": "00:07:30", "text": "saying we're hungry for increased"}, {"start": "00:07:28", "end": "00:07:33", "text": "profits and increased growth. Debt"}, {"start": "00:07:30", "end": "00:07:36", "text": "became the thing. And so what used to"}, {"start": "00:07:33", "end": "00:07:39", "text": "only be a government tool, debt now"}, {"start": "00:07:36", "end": "00:07:42", "text": "became very very ubiquitous in the"}, {"start": "00:07:39", "end": "00:07:46", "text": "business world. And companies,"}, {"start": "00:07:42", "end": "00:07:48", "text": "corporations built themselves on taking"}, {"start": "00:07:46", "end": "00:07:50", "text": "on debt,"}, {"start": "00:07:48", "end": "00:07:54", "text": ">> increasing their valuation with that"}, {"start": "00:07:50", "end": "00:07:57", "text": "debt, recycling the debt. And it was"}, {"start": "00:07:54", "end": "00:08:01", "text": "just this ever, it's just like a"}, {"start": "00:07:57", "end": "00:08:04", "text": "revolving door, right? debt,"}, {"start": "00:08:01", "end": "00:08:07", "text": "increase your valuation,"}, {"start": "00:08:04", "end": "00:08:09", "text": "recycle the debt, etc. And that happened"}, {"start": "00:08:07", "end": "00:08:12", "text": "all the way through the 70s. We lived"}, {"start": "00:08:09", "end": "00:08:14", "text": "through very very high uh interest"}, {"start": "00:08:12", "end": "00:08:16", "text": "rates. And then they found that they"}, {"start": "00:08:14", "end": "00:08:17", "text": "could no longer do it. What did they"}, {"start": "00:08:16", "end": "00:08:21", "text": "have to start doing? They had to start"}, {"start": "00:08:17", "end": "00:08:23", "text": "bringing down the ability"}, {"start": "00:08:21", "end": "00:08:26", "text": "to uh the bringing down the interest so"}, {"start": "00:08:23", "end": "00:08:28", "text": "that they could ramp up the borrowing"}, {"start": "00:08:26", "end": "00:08:32", "text": "again. And that's when you started to"}, {"start": "00:08:28", "end": "00:08:35", "text": "see the the whole vulkar thing in the"}, {"start": "00:08:32", "end": "00:08:38", "text": "70s transition over into,"}, {"start": "00:08:35", "end": "00:08:41", "text": "you know, the Greensfeld whole economic"}, {"start": "00:08:38", "end": "00:08:43", "text": "model of every couple of years and you"}, {"start": "00:08:41", "end": "00:08:46", "text": "could see this business cycle, four"}, {"start": "00:08:43", "end": "00:08:49", "text": "years, four to five years, they would"}, {"start": "00:08:46", "end": "00:08:53", "text": "make sure that the Fed rate was a little"}, {"start": "00:08:49", "end": "00:08:55", "text": "bit lower to recycle debt."}, {"start": "00:08:53", "end": "00:08:57", "text": "And it became this constant engine."}, {"start": "00:08:55", "end": "00:09:00", "text": "Boom, boom, boom. Recycle debt. And then"}, {"start": "00:08:57", "end": "00:09:03", "text": "when that little trip didn't work out so"}, {"start": "00:09:00", "end": "00:09:06", "text": "well, they figured out a way to roll"}, {"start": "00:09:03", "end": "00:09:08", "text": "that into real estate, right? Real"}, {"start": "00:09:06", "end": "00:09:10", "text": "estate. Let's make sure mortgage rates"}, {"start": "00:09:08", "end": "00:09:13", "text": "are lower lower every five years. Some"}, {"start": "00:09:10", "end": "00:09:16", "text": "kind of secular deal. So now people who"}, {"start": "00:09:13", "end": "00:09:18", "text": "no longer could support themselves could"}, {"start": "00:09:16", "end": "00:09:21", "text": "use their homes as banks. And that's"}, {"start": "00:09:18", "end": "00:09:24", "text": "when the whole refinancing your home"}, {"start": "00:09:21", "end": "00:09:27", "text": "element through the late 80s and the 90s"}, {"start": "00:09:24", "end": "00:09:30", "text": "took over as a growth engine. But it was"}, {"start": "00:09:27", "end": "00:09:34", "text": "all debt based. Everything has been"}, {"start": "00:09:30", "end": "00:09:37", "text": "based. And so here we are in coming out"}, {"start": "00:09:34", "end": "00:09:40", "text": "of COVID, coming out of a zero debt"}, {"start": "00:09:37", "end": "00:09:41", "text": "environment, zero interest rate debt"}, {"start": "00:09:40", "end": "00:09:44", "text": "environment"}, {"start": "00:09:41", "end": "00:09:46", "text": ">> and"}, {"start": "00:09:44", "end": "00:09:48", "text": "loans are coming due, right? There"}, {"start": "00:09:46", "end": "00:09:51", "text": "[clears throat] was a tremendous amount"}, {"start": "00:09:48", "end": "00:09:54", "text": "of pressure to refinance debt that was"}, {"start": "00:09:51", "end": "00:09:58", "text": "borrowed at 0%. They have to figure out"}, {"start": "00:09:54", "end": "00:10:01", "text": "another way to do it. Well, luckily for"}, {"start": "00:09:58", "end": "00:10:04", "text": "our economies, this new technology came"}, {"start": "00:10:01", "end": "00:10:07", "text": "around, right? Compute, electricity, and"}, {"start": "00:10:04", "end": "00:10:09", "text": "AI, which are kind of all one thing if"}, {"start": "00:10:07", "end": "00:10:13", "text": "you really think about it. And so here"}, {"start": "00:10:09", "end": "00:10:16", "text": "we have all this investment dollars just"}, {"start": "00:10:13", "end": "00:10:21", "text": "cramming itself into this space because"}, {"start": "00:10:16", "end": "00:10:26", "text": "this promises or speculation promises a"}, {"start": "00:10:21", "end": "00:10:28", "text": "way out of the debt growth cycle, right?"}, {"start": "00:10:26", "end": "00:10:31", "text": "And so it's really easy to see how all"}, {"start": "00:10:28", "end": "00:10:34", "text": "of these funds who were invested in"}, {"start": "00:10:31", "end": "00:10:37", "text": "companies like General Electric, like"}, {"start": "00:10:34", "end": "00:10:38", "text": "Bank of America, like Ford, who have"}, {"start": "00:10:37", "end": "00:10:40", "text": "looked at these companies and know they"}, {"start": "00:10:38", "end": "00:10:43", "text": "can't refinance their way out of their"}, {"start": "00:10:40", "end": "00:10:45", "text": "problems anymore, and they're taking"}, {"start": "00:10:43", "end": "00:10:49", "text": "that money out and it's going into what"}, {"start": "00:10:45", "end": "00:10:54", "text": "promises this new speculatory channel of"}, {"start": "00:10:49", "end": "00:10:56", "text": "AI, data, electricity. And so I I think"}, {"start": "00:10:54", "end": "00:10:58", "text": "and and that's a very nonpartisan issue."}, {"start": "00:10:56", "end": "00:11:01", "text": "That is why you're seeing on your graph"}, {"start": "00:10:58", "end": "00:11:04", "text": "in real time those companies that"}, {"start": "00:11:01", "end": "00:11:07", "text": "promise that escape hatch. It's a"}, {"start": "00:11:04", "end": "00:11:09", "text": "nonpartisan it's not a Democrat issue."}, {"start": "00:11:07", "end": "00:11:11", "text": "It's not a Republican issue. It's a it's"}, {"start": "00:11:09", "end": "00:11:13", "text": "an economic"}, {"start": "00:11:11", "end": "00:11:18", "text": "reality"}, {"start": "00:11:13", "end": "00:11:20", "text": "that the debt growth through debt is is"}, {"start": "00:11:18", "end": "00:11:22", "text": "no longer sustainable. They're looking"}, {"start": "00:11:20", "end": "00:11:25", "text": "for new better ways to do it and this"}, {"start": "00:11:22", "end": "00:11:27", "text": "promises. So that's kind of my soloquy"}, {"start": "00:11:25", "end": "00:11:29", "text": "on the whole thing. I hope I didn't bore"}, {"start": "00:11:27", "end": "00:11:31", "text": "anybody to death."}, {"start": "00:11:29", "end": "00:11:34", "text": "Just kind of like what I'm seeing. Um"}, {"start": "00:11:31", "end": "00:11:37", "text": "and I I saw this in some degree with"}, {"start": "00:11:34", "end": "00:11:41", "text": "computers in the 80s. I saw this to some"}, {"start": "00:11:37", "end": "00:11:44", "text": "degree with the internet in the 90s."}, {"start": "00:11:41", "end": "00:11:47", "text": "I think we're seeing it rhyme. History"}, {"start": "00:11:44", "end": "00:11:48", "text": "is rhyming here. and and that is why"}, {"start": "00:11:47", "end": "00:11:49", "text": "you're seeing the results that you're"}, {"start": "00:11:48", "end": "00:11:51", "text": "seeing."}, {"start": "00:11:49", "end": "00:11:54", "text": ">> Yeah. Well said. So to to kind of break"}, {"start": "00:11:51", "end": "00:11:56", "text": "it down, it's a lot of speculation, a"}, {"start": "00:11:54", "end": "00:11:57", "text": "lot of money that is just slashing"}, {"start": "00:11:56", "end": "00:12:00", "text": "around that has to find a home and that"}, {"start": "00:11:57", "end": "00:12:01", "text": "home is the next big thing, which I"}, {"start": "00:12:00", "end": "00:12:03", "text": "think that the ones that pick the right"}, {"start": "00:12:01", "end": "00:12:06", "text": "ones, if you pick the Amazons of the"}, {"start": "00:12:03", "end": "00:12:08", "text": "world, the Metas, the Nvidas, the stuff"}, {"start": "00:12:06", "end": "00:12:11", "text": "like that, they're great. But if you"}, {"start": "00:12:08", "end": "00:12:13", "text": "pick the losers like the pets.com"}, {"start": "00:12:11", "end": "00:12:15", "text": "or then then you're gonna have"}, {"start": "00:12:13", "end": "00:12:17", "text": ">> snapple.com"}, {"start": "00:12:15", "end": "00:12:19", "text": ">> the snapple.com. Exactly. And I and I"}, {"start": "00:12:17", "end": "00:12:23", "text": "want to remind everybody that it doesn't"}, {"start": "00:12:19", "end": "00:12:26", "text": "matter the uh company and how great it"}, {"start": "00:12:23", "end": "00:12:28", "text": "is. I remember Amazon took a 90% hit"}, {"start": "00:12:26", "end": "00:12:31", "text": "just like everything else in the dot"}, {"start": "00:12:28", "end": "00:12:32", "text": "era. So I take a look at this and I see"}, {"start": "00:12:31", "end": "00:12:35", "text": "that people are investing heavily and I"}, {"start": "00:12:32", "end": "00:12:37", "text": "can understand why. But uh I don't know"}, {"start": "00:12:35", "end": "00:12:41", "text": "how long this could take. it just a very"}, {"start": "00:12:37", "end": "00:12:43", "text": "off year because this is a very"}, {"start": "00:12:41", "end": "00:12:44", "text": "lucrative and attractive market and"}, {"start": "00:12:43", "end": "00:12:48", "text": "people are putting a lot of money into"}, {"start": "00:12:44", "end": "00:12:50", "text": "it and that's why you see our markets"}, {"start": "00:12:48", "end": "00:12:53", "text": "themselves kind of dwindle and Bitcoin"}, {"start": "00:12:50", "end": "00:12:56", "text": "has been bleeding for quite some time."}, {"start": "00:12:53", "end": "00:12:57", "text": "So well said Jerry, I appreciate it, but"}, {"start": "00:12:56", "end": "00:12:59", "text": "we have to take a step back and go,"}, {"start": "00:12:57", "end": "00:13:02", "text": "okay, well maybe we're not the darlings"}, {"start": "00:12:59", "end": "00:13:04", "text": "this time like we were in 2021."}, {"start": "00:13:02", "end": "00:13:06", "text": "Are we a risk off or risk on asset?"}, {"start": "00:13:04", "end": "00:13:07", "text": "That's another thing that that's been"}, {"start": "00:13:06", "end": "00:13:10", "text": "said. Mark Cuban came out and said that,"}, {"start": "00:13:07", "end": "00:13:12", "text": "you know, Bitcoin lost the plot and he"}, {"start": "00:13:10", "end": "00:13:14", "text": "invested into it for quite some time and"}, {"start": "00:13:12", "end": "00:13:16", "text": "then he got out of it because it didn't"}, {"start": "00:13:14", "end": "00:13:19", "text": "hold the valuation, the store of value"}, {"start": "00:13:16", "end": "00:13:22", "text": "when the Iran skirmish came about"}, {"start": "00:13:19", "end": "00:13:24", "text": "roughly around February 28th, 20 28th or"}, {"start": "00:13:22", "end": "00:13:26", "text": "so. And he said that Bitcoin went down."}, {"start": "00:13:24", "end": "00:13:27", "text": "Well, we talked about this and we we"}, {"start": "00:13:26", "end": "00:13:29", "text": "showed you that, you know, gold actually"}, {"start": "00:13:27", "end": "00:13:32", "text": "went down afterwards and Bitcoin"}, {"start": "00:13:29", "end": "00:13:34", "text": "actually went up. So, I like Mark, but"}, {"start": "00:13:32", "end": "00:13:37", "text": "uh that part doesn't really hold up too"}, {"start": "00:13:34", "end": "00:13:40", "text": "well. But I am taking a look at just the"}, {"start": "00:13:37", "end": "00:13:43", "text": "valuation, the market caps of gold and"}, {"start": "00:13:40", "end": "00:13:45", "text": "bitcoin because gold for I don't know"}, {"start": "00:13:43", "end": "00:13:49", "text": "since the beginning of time, you know, a"}, {"start": "00:13:45", "end": "00:13:51", "text": "store of value essentially. And uh we"}, {"start": "00:13:49", "end": "00:13:54", "text": "take a look at it and we say okay well"}, {"start": "00:13:51", "end": "00:13:57", "text": "you know how is it done compared to say"}, {"start": "00:13:54", "end": "00:13:59", "text": "the new uh store of value which I you"}, {"start": "00:13:57", "end": "00:14:01", "text": "know gold is or excuse me Bitcoin is"}, {"start": "00:13:59", "end": "00:14:04", "text": "gold 2.0. I know. And I'm taking a look"}, {"start": "00:14:01", "end": "00:14:06", "text": "at the market cap and of course even"}, {"start": "00:14:04", "end": "00:14:09", "text": "though that the um the central banks"}, {"start": "00:14:06", "end": "00:14:12", "text": "have bought so many and people are just"}, {"start": "00:14:09", "end": "00:14:14", "text": "buying like crazy or did how does that"}, {"start": "00:14:12", "end": "00:14:17", "text": "compared to to Bitcoin? I'm going to go"}, {"start": "00:14:14", "end": "00:14:21", "text": "all the way back to 2022. That was"}, {"start": "00:14:17", "end": "00:14:22", "text": "essentially the last u low for the"}, {"start": "00:14:21", "end": "00:14:26", "text": "cycle. I think the new low is going to"}, {"start": "00:14:22", "end": "00:14:28", "text": "be set sometime soon in this year. But"}, {"start": "00:14:26", "end": "00:14:30", "text": "2022 again midterm year everything went"}, {"start": "00:14:28", "end": "00:14:33", "text": "down. Well, we can see that the market"}, {"start": "00:14:30", "end": "00:14:35", "text": "cap of Bitcoin was only 393"}, {"start": "00:14:33", "end": "00:14:39", "text": "billion"}, {"start": "00:14:35", "end": "00:14:42", "text": "and we came across here and gold was"}, {"start": "00:14:39", "end": "00:14:44", "text": "11 trillion. And it looks like that gold"}, {"start": "00:14:42", "end": "00:14:46", "text": "doesn't really or gold just beats the"}, {"start": "00:14:44", "end": "00:14:48", "text": "pants off of of Bitcoin. But as far as"}, {"start": "00:14:46", "end": "00:14:51", "text": "like percentages go,"}, {"start": "00:14:48", "end": "00:14:56", "text": "I mean, look, we're here at and this is"}, {"start": "00:14:51", "end": "00:14:58", "text": "2025. Bitcoin went from"}, {"start": "00:14:56", "end": "00:15:01", "text": "350"}, {"start": "00:14:58", "end": "00:15:03", "text": "billion or so to"}, {"start": "00:15:01", "end": "00:15:07", "text": "September"}, {"start": "00:15:03", "end": "00:15:08", "text": "2.3 trillion,"}, {"start": "00:15:07", "end": "00:15:11", "text": "excuse me."}, {"start": "00:15:08", "end": "00:15:13", "text": "Yeah, that is it. And gold has gone up"}, {"start": "00:15:11", "end": "00:15:16", "text": "from 27."}, {"start": "00:15:13", "end": "00:15:19", "text": "So that's just a double essentially from"}, {"start": "00:15:16", "end": "00:15:19", "text": "11 to 2.5."}, {"start": "00:15:19", "end": "00:15:21", "text": ">> Yeah."}, {"start": "00:15:19", "end": "00:15:24", "text": ">> Yeah. 2.5. Well, we can see here,"}, {"start": "00:15:21", "end": "00:15:27", "text": "Bitcoin 370"}, {"start": "00:15:24", "end": "00:15:29", "text": "to 2.3."}, {"start": "00:15:27", "end": "00:15:31", "text": "What are we looking at? Four or five"}, {"start": "00:15:29", "end": "00:15:33", "text": "somewhere around there. And then the"}, {"start": "00:15:31", "end": "00:15:35", "text": "whole argument was, well, are we"}, {"start": "00:15:33", "end": "00:15:38", "text": "stacking up with with gold? Because it"}, {"start": "00:15:35", "end": "00:15:42", "text": "just keeps going up. But as a reminder,"}, {"start": "00:15:38", "end": "00:15:45", "text": "uh, and this only goes to March,"}, {"start": "00:15:42", "end": "00:15:47", "text": "gold topped out at 39 trillion and then"}, {"start": "00:15:45", "end": "00:15:49", "text": "had a big massive fall. We had a big"}, {"start": "00:15:47", "end": "00:15:50", "text": "massive fall, too. We went down roughly"}, {"start": "00:15:49", "end": "00:15:55", "text": "50%."}, {"start": "00:15:50", "end": "00:15:58", "text": "But from here, 39 trillion down to 33 or"}, {"start": "00:15:55", "end": "00:16:00", "text": "like 20%."}, {"start": "00:15:58", "end": "00:16:03", "text": ">> Roughly,"}, {"start": "00:16:00", "end": "00:16:06", "text": "Bitcoin went down pretty hard, 50%. But"}, {"start": "00:16:03", "end": "00:16:08", "text": "if we take a look at how much it's gone"}, {"start": "00:16:06", "end": "00:16:12", "text": "from its all-time high, 39 trillion. The"}, {"start": "00:16:08", "end": "00:16:15", "text": "market cap for gold is 31. So even more."}, {"start": "00:16:12", "end": "00:16:19", "text": "Now we take a look at at Bitcoin itself."}, {"start": "00:16:15", "end": "00:16:21", "text": "The market cap is 1 almost 1.5 trillion."}, {"start": "00:16:19", "end": "00:16:23", "text": "So if we go back and say which one is"}, {"start": "00:16:21", "end": "00:16:26", "text": "more like recently as far as like"}, {"start": "00:16:23", "end": "00:16:28", "text": "January, February, March, April, May as"}, {"start": "00:16:26", "end": "00:16:30", "text": "far as a riskoff asset, actually Bitcoin"}, {"start": "00:16:28", "end": "00:16:31", "text": "is actually winning. And it's not"}, {"start": "00:16:30", "end": "00:16:32", "text": "something that I think people talk about"}, {"start": "00:16:31", "end": "00:16:33", "text": "too much because we take a look at"}, {"start": "00:16:32", "end": "00:16:35", "text": "precious metals and go that's the one"}, {"start": "00:16:33", "end": "00:16:37", "text": "that's the winner. But it's time frames."}, {"start": "00:16:35", "end": "00:16:38", "text": "So I take a look at this and go this"}, {"start": "00:16:37", "end": "00:16:44", "text": "could be a very big thing. And as a"}, {"start": "00:16:38", "end": "00:16:44", "text": "reminder lastly, I get Jerry's opinions."}, {"start": "00:16:45", "end": "00:16:49", "text": "If we take a look at how things have"}, {"start": "00:16:47", "end": "00:16:51", "text": "just been rhyming, like Jerry talked"}, {"start": "00:16:49", "end": "00:16:54", "text": "about the rhyme. If we just go back four"}, {"start": "00:16:51", "end": "00:16:55", "text": "years, look at this today. Is that May"}, {"start": "00:16:54", "end": "00:16:56", "text": "31st?"}, {"start": "00:16:55", "end": "00:16:58", "text": ">> Yeah,"}, {"start": "00:16:56", "end": "00:17:00", "text": ">> that was June 1st. Yeah, I'm white."}, {"start": "00:16:58", "end": "00:17:04", "text": ">> Happy birthday, Ariana."}, {"start": "00:17:00", "end": "00:17:07", "text": ">> Yeah, there we go. So, we got 735. Four"}, {"start": "00:17:04", "end": "00:17:09", "text": "years ago was 32."}, {"start": "00:17:07", "end": "00:17:11", "text": "And you think this cycle is bad? You"}, {"start": "00:17:09", "end": "00:17:13", "text": "know, back then, just four years ago, we"}, {"start": "00:17:11", "end": "00:17:15", "text": "were down 52% from the all-time high."}, {"start": "00:17:13", "end": "00:17:17", "text": "Now, we're only down 42%."}, {"start": "00:17:15", "end": "00:17:18", "text": "Then, of course, take a look at this. I"}, {"start": "00:17:17", "end": "00:17:20", "text": "mean, when people say the four-year"}, {"start": "00:17:18", "end": "00:17:21", "text": "cycles are dead, I just I don't believe"}, {"start": "00:17:20", "end": "00:17:23", "text": "that."}, {"start": "00:17:21", "end": "00:17:24", "text": "And then we can take a look at alltime"}, {"start": "00:17:23", "end": "00:17:27", "text": "high to all-time high lines up"}, {"start": "00:17:24", "end": "00:17:29", "text": "perfectly. Alltime low to all-time low."}, {"start": "00:17:27", "end": "00:17:31", "text": "Almost damn perfectly. Alltime high to"}, {"start": "00:17:29", "end": "00:17:36", "text": "all-time high. This one's a little bit"}, {"start": "00:17:31", "end": "00:17:37", "text": "off. This was 2021 to 2017. Not too bad,"}, {"start": "00:17:36", "end": "00:17:39", "text": "though. About about a couple weeks,"}, {"start": "00:17:37", "end": "00:17:41", "text": "maybe a month. And then alltime low to"}, {"start": "00:17:39", "end": "00:17:43", "text": "alltime low."}, {"start": "00:17:41", "end": "00:17:45", "text": "right around the same and then alltime"}, {"start": "00:17:43", "end": "00:17:48", "text": "high to alltime high. So, I know what"}, {"start": "00:17:45", "end": "00:17:52", "text": "people are like, is this gonna play out"}, {"start": "00:17:48", "end": "00:17:54", "text": "the same way? So far, it's roughly. It's"}, {"start": "00:17:52", "end": "00:17:57", "text": "not perfect, but it's lining up pretty"}, {"start": "00:17:54", "end": "00:17:59", "text": "damn well. And uh that's my that's what"}, {"start": "00:17:57", "end": "00:18:00", "text": "I'm here to tell everybody just to take"}, {"start": "00:17:59", "end": "00:18:02", "text": "a little bit of heart. But Jerry, what's"}, {"start": "00:18:00", "end": "00:18:05", "text": "your thoughts on all these things we"}, {"start": "00:18:02", "end": "00:18:08", "text": "just blabbered about? Well, I I I come"}, {"start": "00:18:05", "end": "00:18:11", "text": "from it and I'm going to credit Tom Lee"}, {"start": "00:18:08", "end": "00:18:13", "text": "uh from Front Strat for this context and"}, {"start": "00:18:11", "end": "00:18:15", "text": "that is"}, {"start": "00:18:13", "end": "00:18:17", "text": "for me to even base an opinion, I've got"}, {"start": "00:18:15", "end": "00:18:20", "text": "to base it off of some reality. And the"}, {"start": "00:18:17", "end": "00:18:23", "text": "reality of this is is that these markets"}, {"start": "00:18:20", "end": "00:18:25", "text": "are filled with market participants. Who"}, {"start": "00:18:23", "end": "00:18:29", "text": "are they? What are the demographics that"}, {"start": "00:18:25", "end": "00:18:33", "text": "drive these conditions? Right? And it's"}, {"start": "00:18:29", "end": "00:18:35", "text": "really easy to see that there is a big"}, {"start": "00:18:33", "end": "00:18:37", "text": "disparity between the younger"}, {"start": "00:18:35", "end": "00:18:40", "text": "generations that will becoming more and"}, {"start": "00:18:37", "end": "00:18:43", "text": "more influential in these markets as"}, {"start": "00:18:40", "end": "00:18:45", "text": "time goes on and the current"}, {"start": "00:18:43", "end": "00:18:48", "text": "participants, I'm talking about the baby"}, {"start": "00:18:45", "end": "00:18:51", "text": "boomers. I'm a Gen X myself. I will age"}, {"start": "00:18:48", "end": "00:18:53", "text": "out of this game, right? Uh some people"}, {"start": "00:18:51", "end": "00:18:55", "text": "call it death,"}, {"start": "00:18:53", "end": "00:18:58", "text": ">> you know what I mean? Mortality."}, {"start": "00:18:55", "end": "00:19:01", "text": "And and the fact of the matter is is"}, {"start": "00:18:58", "end": "00:19:04", "text": "that there is a rotation, right? There"}, {"start": "00:19:01", "end": "00:19:07", "text": "are um you have to think who is going to"}, {"start": "00:19:04", "end": "00:19:10", "text": "be the next buyer of gold. Who's going"}, {"start": "00:19:07", "end": "00:19:13", "text": "to be the next buyer of Bitcoin? And I"}, {"start": "00:19:10", "end": "00:19:17", "text": "think there are far more new buyers of"}, {"start": "00:19:13", "end": "00:19:21", "text": "Bitcoin coming than new buyers of gold,"}, {"start": "00:19:17", "end": "00:19:23", "text": ">> right? If if if you so having that kind"}, {"start": "00:19:21", "end": "00:19:25", "text": "of understanding"}, {"start": "00:19:23", "end": "00:19:28", "text": "what are what are the demographics that"}, {"start": "00:19:25", "end": "00:19:30", "text": "are active in the markets today? What"}, {"start": "00:19:28", "end": "00:19:32", "text": "will they be in five years? What will"}, {"start": "00:19:30", "end": "00:19:35", "text": "they be in 10 years? What will they be"}, {"start": "00:19:32", "end": "00:19:37", "text": "in 15 years? I intend to be alive for"}, {"start": "00:19:35", "end": "00:19:40", "text": "the next 15 years. I want to understand"}, {"start": "00:19:37", "end": "00:19:45", "text": "that progression, right? And so like I"}, {"start": "00:19:40", "end": "00:19:48", "text": "talked to my son, my son has no desire"}, {"start": "00:19:45", "end": "00:19:50", "text": "to own gold. He doesn't he he doesn't"}, {"start": "00:19:48", "end": "00:19:52", "text": "feel like he's in control of it. I asked"}, {"start": "00:19:50", "end": "00:19:56", "text": "him to look into it. He says, \"Dad, they"}, {"start": "00:19:52", "end": "00:19:58", "text": "keep it in a vault in Switzerland.\""}, {"start": "00:19:56", "end": "00:20:00", "text": ">> I said, \"Well, okay. I want you to"}, {"start": "00:19:58", "end": "00:20:02", "text": "understand rehypothecation.\" He went and"}, {"start": "00:20:00", "end": "00:20:04", "text": "looked it up. He goes, \"Under no"}, {"start": "00:20:02", "end": "00:20:05", "text": "circumstances would I get involved in"}, {"start": "00:20:04", "end": "00:20:07", "text": "that."}, {"start": "00:20:05", "end": "00:20:09", "text": ">> I don't want to have a claim on"}, {"start": "00:20:07", "end": "00:20:12", "text": "something that 10 other people can have"}, {"start": "00:20:09", "end": "00:20:14", "text": "a claim on. How do I recoup it if if one"}, {"start": "00:20:12", "end": "00:20:16", "text": "of those nine people get there before I"}, {"start": "00:20:14", "end": "00:20:19", "text": "do?\" I go, \"You don't.\" He goes,"}, {"start": "00:20:16", "end": "00:20:22", "text": "\"Exactly.\""}, {"start": "00:20:19", "end": "00:20:25", "text": "But the big in my Coinbase account, I"}, {"start": "00:20:22", "end": "00:20:28", "text": "can count on that and that whole"}, {"start": "00:20:25", "end": "00:20:31", "text": "issuance of more. There will always be"}, {"start": "00:20:28", "end": "00:20:34", "text": "more Tesla stock. There will always be"}, {"start": "00:20:31", "end": "00:20:37", "text": "more gold. They will mine it if it's"}, {"start": "00:20:34", "end": "00:20:39", "text": "incentivized. The Bitcoin, that scarcity"}, {"start": "00:20:37", "end": "00:20:41", "text": "element, that cannot be coerced or"}, {"start": "00:20:39", "end": "00:20:44", "text": "changed,"}, {"start": "00:20:41", "end": "00:20:47", "text": "at least to date. So, yeah, I I think"}, {"start": "00:20:44", "end": "00:20:50", "text": "I'm I'm I'm feeling pretty strong on my"}, {"start": "00:20:47", "end": "00:20:53", "text": "conviction for my Bitcoin acquisition"}, {"start": "00:20:50", "end": "00:20:54", "text": "strategy um relative to these other"}, {"start": "00:20:53", "end": "00:20:57", "text": "things that I could put my money into"}, {"start": "00:20:54", "end": "00:21:00", "text": "and hopefully, you know, increase my"}, {"start": "00:20:57", "end": "00:21:01", "text": "wealth profile. I hope that answers your"}, {"start": "00:21:00", "end": "00:21:04", "text": "question."}, {"start": "00:21:01", "end": "00:21:07", "text": ">> Yep, absolutely. And people said that's"}, {"start": "00:21:04", "end": "00:21:08", "text": "a good great point. Great point, Jerry."}, {"start": "00:21:07", "end": "00:21:10", "text": "Let's get into So, everybody, that is"}, {"start": "00:21:08", "end": "00:21:12", "text": "concludes it for today. Now, let's get"}, {"start": "00:21:10", "end": "00:21:15", "text": "into a little Q&A and I'll answer all"}, {"start": "00:21:12", "end": "00:21:17", "text": "your questions. Kel's got a good point."}, {"start": "00:21:15", "end": "00:21:19", "text": "He says he's only 27. At 27 years is my"}, {"start": "00:21:17", "end": "00:21:21", "text": "optimism."}, {"start": "00:21:19", "end": "00:21:23", "text": "Bitcoin is far greater than many people"}, {"start": "00:21:21", "end": "00:21:25", "text": "who are older than me. Yeah, I think"}, {"start": "00:21:23", "end": "00:21:26", "text": "that's really what it comes down to. And"}, {"start": "00:21:25", "end": "00:21:28", "text": "people look at it like they're like, why"}, {"start": "00:21:26", "end": "00:21:31", "text": "are we why is this digital gold? There"}, {"start": "00:21:28", "end": "00:21:33", "text": "is no digital gold. Gold is gold, not"}, {"start": "00:21:31", "end": "00:21:34", "text": "digital. Doesn't make any sense. And it"}, {"start": "00:21:33", "end": "00:21:36", "text": "was the same I remember it was the same"}, {"start": "00:21:34", "end": "00:21:38", "text": "argument as far as like Google as a"}, {"start": "00:21:36", "end": "00:21:40", "text": "search engine. And people would say,\"Wh"}, {"start": "00:21:38", "end": "00:21:41", "text": "the hell would I invest in a Google"}, {"start": "00:21:40", "end": "00:21:43", "text": "because I can make a search engine?"}, {"start": "00:21:41", "end": "00:21:45", "text": "There's there's another one called Ask"}, {"start": "00:21:43", "end": "00:21:46", "text": "Jeeves. Yahoo's got a search engine. Who"}, {"start": "00:21:45", "end": "00:21:48", "text": "the hell cares?\" And then all of a"}, {"start": "00:21:46", "end": "00:21:49", "text": "sudden it was like, \"Oh, data is a data"}, {"start": "00:21:48", "end": "00:21:51", "text": "is important. Data is not important.\""}, {"start": "00:21:49", "end": "00:21:54", "text": "And all of a sudden data became super"}, {"start": "00:21:51", "end": "00:21:56", "text": "important. Now here we are. So it's it's"}, {"start": "00:21:54", "end": "00:22:00", "text": "it's just a it's just a progression. And"}, {"start": "00:21:56", "end": "00:22:02", "text": "I I'll remind everybody and and this"}, {"start": "00:22:00", "end": "00:22:04", "text": "this came off yesterday when on the the"}, {"start": "00:22:02", "end": "00:22:06", "text": "second channel where I want to remind"}, {"start": "00:22:04", "end": "00:22:11", "text": "everybody that all the money that I ever"}, {"start": "00:22:06", "end": "00:22:14", "text": "made for in in the crypto markets is by"}, {"start": "00:22:11", "end": "00:22:16", "text": "me just being dumb and not thinking"}, {"start": "00:22:14", "end": "00:22:18", "text": "about too many things and just buying in"}, {"start": "00:22:16", "end": "00:22:19", "text": "the bare market. Rationally, when you"}, {"start": "00:22:18", "end": "00:22:20", "text": "think about it, you're like, \"Okay, it's"}, {"start": "00:22:19", "end": "00:22:22", "text": "going to go lower. It's going to go"}, {"start": "00:22:20", "end": "00:22:24", "text": "lower for your cycle. It's going to go"}, {"start": "00:22:22", "end": "00:22:26", "text": "lower.\" or you start to think about, you"}, {"start": "00:22:24", "end": "00:22:28", "text": "know, like, okay, what if something"}, {"start": "00:22:26", "end": "00:22:30", "text": "collapses? What if like we get a double"}, {"start": "00:22:28", "end": "00:22:32", "text": "spend? What if there's this quantum"}, {"start": "00:22:30", "end": "00:22:35", "text": "computing that's going to come out? It's"}, {"start": "00:22:32", "end": "00:22:38", "text": "something to think about, honestly. But"}, {"start": "00:22:35", "end": "00:22:41", "text": "so far, what's worked for me pretty well"}, {"start": "00:22:38", "end": "00:22:43", "text": "is kind of edging those things out."}, {"start": "00:22:41", "end": "00:22:46", "text": "Dollar cost averaging as I do every"}, {"start": "00:22:43", "end": "00:22:48", "text": "Monday for Bitcoin and a few select alts"}, {"start": "00:22:46", "end": "00:22:50", "text": "and u just waiting. And it's very"}, {"start": "00:22:48", "end": "00:22:54", "text": "boring. That's that's pretty much how I"}, {"start": "00:22:50", "end": "00:22:58", "text": "did it. And uh that is uh the entire"}, {"start": "00:22:54", "end": "00:22:59", "text": "secret. Jar, any thoughts about any kind"}, {"start": "00:22:58", "end": "00:23:02", "text": "of trades you're doing?"}, {"start": "00:22:59", "end": "00:23:04", "text": ">> I'm not doing trades. I'm not a good"}, {"start": "00:23:02", "end": "00:23:10", "text": "trader. I found that out."}, {"start": "00:23:04", "end": "00:23:12", "text": ">> I'm not a good trader. Uh 2021 and 2022"}, {"start": "00:23:10", "end": "00:23:17", "text": "showed me [clears throat] much to my"}, {"start": "00:23:12", "end": "00:23:21", "text": "dismay of what a poor trader I am. And"}, {"start": "00:23:17", "end": "00:23:22", "text": "um I'm like you. All of my substantial"}, {"start": "00:23:21", "end": "00:23:25", "text": "acquisition"}, {"start": "00:23:22", "end": "00:23:29", "text": "uh came from buying"}, {"start": "00:23:25", "end": "00:23:29", "text": "and holding."}, {"start": "00:23:29", "end": "00:23:32", "text": ">> Man, it works out."}, {"start": "00:23:30", "end": "00:23:34", "text": ">> Boring. Very boring."}, {"start": "00:23:32", "end": "00:23:36", "text": ">> Very boring. Jerry, here's a good"}, {"start": "00:23:34", "end": "00:23:38", "text": "question from leisure real estate."}, {"start": "00:23:36", "end": "00:23:39", "text": "What's your Do you have any AI plays?"}, {"start": "00:23:38", "end": "00:23:40", "text": "And that could be traditional or that"}, {"start": "00:23:39", "end": "00:23:44", "text": "could be"}, {"start": "00:23:40", "end": "00:23:48", "text": ">> Tesla. Tesla in the real world in my in"}, {"start": "00:23:44", "end": "00:23:51", "text": "my Schwab Roth IRA. Um, and and the"}, {"start": "00:23:48", "end": "00:23:54", "text": "major reason behind that as an AI play,"}, {"start": "00:23:51", "end": "00:23:56", "text": "I know SpaceX owns XAI."}, {"start": "00:23:54", "end": "00:23:58", "text": "It's Optimus robot. The fact that the"}, {"start": "00:23:56", "end": "00:24:01", "text": "Optimus robot is going to have an"}, {"start": "00:23:58", "end": "00:24:04", "text": "incredibly powerful chip and computer"}, {"start": "00:24:01", "end": "00:24:07", "text": "inside of it. And when you put millions"}, {"start": "00:24:04", "end": "00:24:10", "text": "of robots together and they act as a"}, {"start": "00:24:07", "end": "00:24:12", "text": "decentralized network, you get a lot of"}, {"start": "00:24:10", "end": "00:24:16", "text": "powerful um what we would call"}, {"start": "00:24:12", "end": "00:24:20", "text": "multipliers coming into effect. Um, so"}, {"start": "00:24:16", "end": "00:24:25", "text": "Tesla between the cars and the robots"}, {"start": "00:24:20", "end": "00:24:28", "text": "is my traditional stock market play and"}, {"start": "00:24:25", "end": "00:24:30", "text": "in crypto it's it's basically"}, {"start": "00:24:28", "end": "00:24:32", "text": "TA"}, {"start": "00:24:30", "end": "00:24:34", "text": "Akos,"}, {"start": "00:24:32", "end": "00:24:38", "text": "right? I I still hold a whole bunch of"}, {"start": "00:24:34", "end": "00:24:42", "text": "FET, you know, Fetch AI because"}, {"start": "00:24:38", "end": "00:24:44", "text": ">> ASI alliance. Um,"}, {"start": "00:24:42", "end": "00:24:47", "text": "basically anybody being able to provide"}, {"start": "00:24:44", "end": "00:24:50", "text": "compute to the world of AI, whether it"}, {"start": "00:24:47", "end": "00:24:52", "text": "be for training or for inference,"}, {"start": "00:24:50", "end": "00:24:55", "text": "is something to look into. But those are"}, {"start": "00:24:52", "end": "00:24:59", "text": "the three major crypto AI plays that I"}, {"start": "00:24:55", "end": "00:25:02", "text": "still hold and still allow to u compound"}, {"start": "00:24:59", "end": "00:25:03", "text": "with a yielding uh staking effect in"}, {"start": "00:25:02", "end": "00:25:04", "text": "their wallets."}, {"start": "00:25:03", "end": "00:25:06", "text": ">> Yeah."}, {"start": "00:25:04", "end": "00:25:09", "text": ">> So, I'm compounding every day and and"}, {"start": "00:25:06", "end": "00:25:11", "text": "and I'm growing every day. If my bet was"}, {"start": "00:25:09", "end": "00:25:13", "text": "right, I'm it's going to pay off huge."}, {"start": "00:25:11", "end": "00:25:15", "text": "If it wasn't, it wasn't that much of an"}, {"start": "00:25:13", "end": "00:25:18", "text": "investment to begin with. So,"}, {"start": "00:25:15", "end": "00:25:19", "text": ">> yeah, that that is that is a big thing."}, {"start": "00:25:18", "end": "00:25:21", "text": "I think when some people hear about like"}, {"start": "00:25:19", "end": "00:25:23", "text": "an investment, they hear like, \"Okay,"}, {"start": "00:25:21", "end": "00:25:24", "text": "Jerry's into or Jerry's into fetch or"}, {"start": "00:25:23", "end": "00:25:27", "text": "whatever else.\" They go out there and"}, {"start": "00:25:24", "end": "00:25:29", "text": "like, \"Okay, life savings gone.\""}, {"start": "00:25:27", "end": "00:25:33", "text": ">> No, no, no, no, no, no."}, {"start": "00:25:29", "end": "00:25:34", "text": ">> Yeah. I as a reminder, this is Jerry"}, {"start": "00:25:33", "end": "00:25:35", "text": "when he's talking about these things,"}, {"start": "00:25:34", "end": "00:25:37", "text": "it's a very small amount of his overall"}, {"start": "00:25:35", "end": "00:25:39", "text": "portfolio percentage. Everybody just"}, {"start": "00:25:37", "end": "00:25:40", "text": "want to make that 100% clear."}, {"start": "00:25:39", "end": "00:25:41", "text": ">> 100%"}, {"start": "00:25:40", "end": "00:25:43", "text": ">> and then 100%. And then someone had had"}, {"start": "00:25:41", "end": "00:25:44", "text": "a question, I can't find it now, but it"}, {"start": "00:25:43", "end": "00:25:48", "text": "said, \"Why didn't you why did why isn't"}, {"start": "00:25:44", "end": "00:25:50", "text": "Tesla in your AI heavy uh discussion"}, {"start": "00:25:48", "end": "00:25:53", "text": "when we were talking about the S&P 500"}, {"start": "00:25:50", "end": "00:25:55", "text": "weighted?\" It's because Tesla as it was"}, {"start": "00:25:53", "end": "00:25:58", "text": "determined."}, {"start": "00:25:55", "end": "00:25:59", "text": "Tesla does a lot with like the Optimus"}, {"start": "00:25:58", "end": "00:26:02", "text": "robot and those types of things, but as"}, {"start": "00:25:59", "end": "00:26:05", "text": "far as like AI, I think that is a a"}, {"start": "00:26:02", "end": "00:26:10", "text": "separate entity which is XAI and SpaceX."}, {"start": "00:26:05", "end": "00:26:12", "text": "Tesla itself is not per se like 100% AI."}, {"start": "00:26:10", "end": "00:26:13", "text": "Tesla itself is an auto manufacturing"}, {"start": "00:26:12", "end": "00:26:16", "text": "company and they're doing a lot of"}, {"start": "00:26:13", "end": "00:26:17", "text": "things that incorporate that. But as far"}, {"start": "00:26:16", "end": "00:26:19", "text": "as like bringing it all in, I think"}, {"start": "00:26:17", "end": "00:26:22", "text": "that'll be on the other side. Now the"}, {"start": "00:26:19", "end": "00:26:25", "text": "big question is is will XAI and SpaceX"}, {"start": "00:26:22", "end": "00:26:27", "text": "just get absorbed into Tesla and just"}, {"start": "00:26:25", "end": "00:26:30", "text": "become one huge and that's I have no"}, {"start": "00:26:27", "end": "00:26:31", "text": "idea. That's that would be Wow, that'd"}, {"start": "00:26:30", "end": "00:26:33", "text": "be interesting, wouldn't it? Wouldn't"}, {"start": "00:26:31", "end": "00:26:34", "text": "that be crazy? Because I own Tesla. I"}, {"start": "00:26:33", "end": "00:26:37", "text": "think Jerry, you own some Tesla, right?"}, {"start": "00:26:34", "end": "00:26:40", "text": ">> I that is one of the reasons why it's"}, {"start": "00:26:37", "end": "00:26:43", "text": "become it's Bitcoin and Tesla only. My"}, {"start": "00:26:40", "end": "00:26:45", "text": "you my dollars are only going into those"}, {"start": "00:26:43", "end": "00:26:46", "text": "two assets."}, {"start": "00:26:45", "end": "00:26:48", "text": ">> You know, it was we're talking about"}, {"start": "00:26:46", "end": "00:26:49", "text": "this. Yeah, it's a good thing. We're"}, {"start": "00:26:48", "end": "00:26:51", "text": "talking about this on NFA Live and I"}, {"start": "00:26:49", "end": "00:26:53", "text": "think Ben is the Ben or guy. They said"}, {"start": "00:26:51", "end": "00:26:56", "text": "that they don't they said they learned a"}, {"start": "00:26:53", "end": "00:26:58", "text": "hard lesson of not betting against uh"}, {"start": "00:26:56", "end": "00:27:00", "text": "Elon and I think that's for a lot of"}, {"start": "00:26:58", "end": "00:27:04", "text": "things. That guy is uh quite the"}, {"start": "00:27:00", "end": "00:27:05", "text": "machine. So, we'll see. Right on."}, {"start": "00:27:04", "end": "00:27:07", "text": "Ah, right."}, {"start": "00:27:05", "end": "00:27:11", "text": ">> Plato says the only thing I'm good at is"}, {"start": "00:27:07", "end": "00:27:13", "text": "accumulating is dust. My bad. [laughter]"}, {"start": "00:27:11", "end": "00:27:17", "text": "This happens."}, {"start": "00:27:13", "end": "00:27:20", "text": "Boddan he's he says I think the AI hype"}, {"start": "00:27:17", "end": "00:27:23", "text": "is a trend like other trends. AI is good"}, {"start": "00:27:20", "end": "00:27:25", "text": "as a tool. Depends on who uses that tool"}, {"start": "00:27:23", "end": "00:27:26", "text": "is when AI becomes bad. I.e."}, {"start": "00:27:25", "end": "00:27:29", "text": "surveillance centers and flot cameras"}, {"start": "00:27:26", "end": "00:27:31", "text": "and vehicle controls. Boddan is right in"}, {"start": "00:27:29", "end": "00:27:33", "text": "this situation as far as like a trend"}, {"start": "00:27:31", "end": "00:27:35", "text": "because and we talked about this"}, {"start": "00:27:33", "end": "00:27:38", "text": "yesterday about the amount of of"}, {"start": "00:27:35", "end": "00:27:39", "text": "[snorts] compute power and tokens that"}, {"start": "00:27:38", "end": "00:27:43", "text": "these corporations are actually having"}, {"start": "00:27:39", "end": "00:27:46", "text": "to spend to fix all the errors that the"}, {"start": "00:27:43", "end": "00:27:48", "text": "AI vibe coding and everything else that"}, {"start": "00:27:46", "end": "00:27:50", "text": "goes along with it is incorrect and"}, {"start": "00:27:48", "end": "00:27:52", "text": "screws things up. So I think it's like"}, {"start": "00:27:50", "end": "00:27:53", "text": "there's like a there's like a hype to"}, {"start": "00:27:52", "end": "00:27:56", "text": "this about what it could be. Same thing"}, {"start": "00:27:53", "end": "00:27:58", "text": "in com, same thing in real estate."}, {"start": "00:27:56", "end": "00:28:00", "text": "sending the things we talked about today"}, {"start": "00:27:58", "end": "00:28:02", "text": "that I think are carrying over to now."}, {"start": "00:28:00", "end": "00:28:04", "text": "And again, it's going to be the"}, {"start": "00:28:02", "end": "00:28:06", "text": "difference between like a pets.com site"}, {"start": "00:28:04", "end": "00:28:07", "text": "and an Amazon site. There's going to be"}, {"start": "00:28:06", "end": "00:28:09", "text": "some winners. There's gonna be a lot of"}, {"start": "00:28:07", "end": "00:28:12", "text": "losers. And it just comes down to which"}, {"start": "00:28:09", "end": "00:28:13", "text": "one is the right one. Jerry, thoughts on"}, {"start": "00:28:12", "end": "00:28:14", "text": "that one?"}, {"start": "00:28:13", "end": "00:28:15", "text": ">> I I'm in agreement."}, {"start": "00:28:14", "end": "00:28:16", "text": ">> Yeah."}, {"start": "00:28:15", "end": "00:28:19", "text": ">> Not much more not much more to say about"}, {"start": "00:28:16", "end": "00:28:22", "text": "it. I'm in total agreement."}, {"start": "00:28:19", "end": "00:28:25", "text": "If you had to bet today like everything"}, {"start": "00:28:22", "end": "00:28:29", "text": "that you know about uh anthropic and"}, {"start": "00:28:25", "end": "00:28:31", "text": "open AAI and XAI, where would you put"}, {"start": "00:28:29", "end": "00:28:33", "text": "your money behind?"}, {"start": "00:28:31", "end": "00:28:35", "text": ">> None of the above."}, {"start": "00:28:33", "end": "00:28:37", "text": ">> Yeah. No. No. But you could only pick"}, {"start": "00:28:35", "end": "00:28:37", "text": "those three. There's only three that you"}, {"start": "00:28:37", "end": "00:28:40", "text": "can do."}, {"start": "00:28:37", "end": "00:28:42", "text": ">> I had to I number one I had to do it and"}, {"start": "00:28:40", "end": "00:28:43", "text": "then I had to choose one of those three."}, {"start": "00:28:42", "end": "00:28:46", "text": ">> Yeah."}, {"start": "00:28:43", "end": "00:28:48", "text": ">> It'd be it'd have to be XAI."}, {"start": "00:28:46", "end": "00:28:50", "text": "And the and the reason and let me let me"}, {"start": "00:28:48", "end": "00:28:52", "text": "say why"}, {"start": "00:28:50", "end": "00:28:53", "text": "I don't think any of them are a good"}, {"start": "00:28:52", "end": "00:28:56", "text": "idea because I think that is the element"}, {"start": "00:28:53", "end": "00:28:59", "text": "of the industry that is going to be the"}, {"start": "00:28:56", "end": "00:29:03", "text": "most disrupted as we go further into the"}, {"start": "00:28:59", "end": "00:29:06", "text": "innovation cycle. Right?"}, {"start": "00:29:03", "end": "00:29:09", "text": ">> So but why do I pick XAI over the other"}, {"start": "00:29:06", "end": "00:29:11", "text": "ones? It's because Elon will actually be"}, {"start": "00:29:09", "end": "00:29:14", "text": "building his own chips. Enthropic does"}, {"start": "00:29:11", "end": "00:29:17", "text": "not build chips and neither does Open"}, {"start": "00:29:14", "end": "00:29:20", "text": "AI. They do not control the supply chain"}, {"start": "00:29:17", "end": "00:29:23", "text": "for which their product operates on."}, {"start": "00:29:20", "end": "00:29:27", "text": "Elon will be owning the entire supply"}, {"start": "00:29:23", "end": "00:29:31", "text": "chain for which his product operates on."}, {"start": "00:29:27", "end": "00:29:32", "text": "That's a that's huge advantage. Wasn't"}, {"start": "00:29:31", "end": "00:29:35", "text": "that the whole thing for the whole chips"}, {"start": "00:29:32", "end": "00:29:37", "text": "act which I believe it was President Joe"}, {"start": "00:29:35", "end": "00:29:39", "text": "under Joe Biden, President Joe Biden's"}, {"start": "00:29:37", "end": "00:29:40", "text": "administration where they said, \"Hey, we"}, {"start": "00:29:39", "end": "00:29:42", "text": "want to stop all the buying of these"}, {"start": "00:29:40", "end": "00:29:46", "text": "chips from from outside and actually"}, {"start": "00:29:42", "end": "00:29:47", "text": "start to in uh inhome these chips and"}, {"start": "00:29:46", "end": "00:29:49", "text": "actually make them here.\" I don't know"}, {"start": "00:29:47", "end": "00:29:52", "text": "what was happening with that. It seems"}, {"start": "00:29:49", "end": "00:29:54", "text": "like we've don't produce much as we used"}, {"start": "00:29:52", "end": "00:29:55", "text": "to or at all as far as chips. And it's a"}, {"start": "00:29:54", "end": "00:29:59", "text": "good point"}, {"start": "00:29:55", "end": "00:30:03", "text": ">> very so number one building a chip is an"}, {"start": "00:29:59", "end": "00:30:07", "text": "extremely technical process and creating"}, {"start": "00:30:03", "end": "00:30:10", "text": "the manufacturing facilities to do so."}, {"start": "00:30:07", "end": "00:30:13", "text": "It's intense."}, {"start": "00:30:10", "end": "00:30:16", "text": ">> It's not it's not you you can't throw up"}, {"start": "00:30:13", "end": "00:30:19", "text": "and ship manufacturing site o over the"}, {"start": "00:30:16", "end": "00:30:19", "text": "weekend."}, {"start": "00:30:19", "end": "00:30:22", "text": "Yeah, it would be nice if we could do"}, {"start": "00:30:21", "end": "00:30:24", "text": "that and just spin it up, but it takes,"}, {"start": "00:30:22", "end": "00:30:25", "text": "you know, years and years and years."}, {"start": "00:30:24", "end": "00:30:27", "text": "It's the same thing with like uh"}, {"start": "00:30:25", "end": "00:30:29", "text": "electricity and electricity use and how"}, {"start": "00:30:27", "end": "00:30:32", "text": "we're we're suffering right now because"}, {"start": "00:30:29", "end": "00:30:34", "text": "we need a lot more. And if we would have"}, {"start": "00:30:32", "end": "00:30:36", "text": "gone forward with nuclear energy instead"}, {"start": "00:30:34", "end": "00:30:38", "text": "of going by the wayside, I think we have"}, {"start": "00:30:36", "end": "00:30:40", "text": "a much better position. Even China's"}, {"start": "00:30:38", "end": "00:30:44", "text": "China is on that is on that route and"}, {"start": "00:30:40", "end": "00:30:46", "text": "they're investing heavily into reusable"}, {"start": "00:30:44", "end": "00:30:48", "text": "energy, renewables, solar panels, things"}, {"start": "00:30:46", "end": "00:30:51", "text": "like that. They have put so much time"}, {"start": "00:30:48", "end": "00:30:54", "text": "and effort and money into solar. It's"}, {"start": "00:30:51", "end": "00:30:56", "text": "It's disgusting how much more capacity"}, {"start": "00:30:54", "end": "00:30:57", "text": "they have built over the last couple"}, {"start": "00:30:56", "end": "00:30:59", "text": "years than we have."}, {"start": "00:30:57", "end": "00:31:00", "text": ">> Hey, speaking of which, I want to thank"}, {"start": "00:30:59", "end": "00:31:03", "text": "you again for that video you sent me,"}, {"start": "00:31:00", "end": "00:31:04", "text": "the one about uh Elon's other trillion"}, {"start": "00:31:03", "end": "00:31:08", "text": "dollar bet."}, {"start": "00:31:04", "end": "00:31:11", "text": ">> What a great out what a great macro view"}, {"start": "00:31:08", "end": "00:31:12", "text": "of the next 10 to 15 years. Yeah, you"}, {"start": "00:31:11", "end": "00:31:14", "text": "guys have to s I haven't put it in the"}, {"start": "00:31:12", "end": "00:31:17", "text": "description, but it's Elon's other"}, {"start": "00:31:14", "end": "00:31:20", "text": "trillion dollar bet for Zot and uh it"}, {"start": "00:31:17", "end": "00:31:22", "text": "just pretty much goes about Yeah. how it"}, {"start": "00:31:20", "end": "00:31:25", "text": "how they're going to do that. However,"}, {"start": "00:31:22", "end": "00:31:26", "text": "these different um data centers because"}, {"start": "00:31:25", "end": "00:31:28", "text": "we're having problems getting them here,"}, {"start": "00:31:26", "end": "00:31:31", "text": "we'll just out we'll outsource it to"}, {"start": "00:31:28", "end": "00:31:33", "text": "space and then how we can do the"}, {"start": "00:31:31", "end": "00:31:35", "text": "electricity electrical grid by putting"}, {"start": "00:31:33", "end": "00:31:37", "text": "everything outside into space, the solar"}, {"start": "00:31:35", "end": "00:31:39", "text": "panels then beaming them right back in."}, {"start": "00:31:37", "end": "00:31:42", "text": "That's now that's forward thinking. And"}, {"start": "00:31:39", "end": "00:31:45", "text": "if that's the case, shoot, SpaceX would"}, {"start": "00:31:42", "end": "00:31:46", "text": "be a pretty great IPO. We'll see. We'll"}, {"start": "00:31:45", "end": "00:31:48", "text": "see which one makes it."}, {"start": "00:31:46", "end": "00:31:54", "text": ">> They're talking about in the magnitude"}, {"start": "00:31:48", "end": "00:31:57", "text": "of two plus trillion dollar IPO."}, {"start": "00:31:54", "end": "00:31:59", "text": ">> Well, them them and also Anthropic. I"}, {"start": "00:31:57", "end": "00:32:03", "text": "don't know what's going to happen with"}, {"start": "00:31:59", "end": "00:32:05", "text": "those two, but yeah,"}, {"start": "00:32:03", "end": "00:32:06", "text": "I wouldn't put"}, {"start": "00:32:05", "end": "00:32:08", "text": "We'll see which one makes it. If it's"}, {"start": "00:32:06", "end": "00:32:11", "text": "gonna be open,"}, {"start": "00:32:08", "end": "00:32:15", "text": "I think that's the biggest takeaway."}, {"start": "00:32:11", "end": "00:32:16", "text": ">> Yeah. Oh, what's this? Leisure says"}, {"start": "00:32:15", "end": "00:32:19", "text": ">> escape velocity."}, {"start": "00:32:16", "end": "00:32:21", "text": ">> The blue did you see that blue blue"}, {"start": "00:32:19", "end": "00:32:24", "text": "origin from Jeff Bezos? His company, how"}, {"start": "00:32:21", "end": "00:32:28", "text": "they just got obliterated. Such a shame."}, {"start": "00:32:24", "end": "00:32:28", "text": ">> Is making SpaceX stronger. Well,"}, {"start": "00:32:28", "end": "00:32:30", "text": ">> I mean,"}, {"start": "00:32:28", "end": "00:32:34", "text": ">> we Well, number one, SpaceX needs"}, {"start": "00:32:30", "end": "00:32:37", "text": "competition. That's important. Um but"}, {"start": "00:32:34", "end": "00:32:40", "text": "they are they are quite far ahead of the"}, {"start": "00:32:37", "end": "00:32:42", "text": "next closest competitor but it's"}, {"start": "00:32:40", "end": "00:32:45", "text": "important to have uh competition like"}, {"start": "00:32:42", "end": "00:32:48", "text": "you showed on the the the graphic where"}, {"start": "00:32:45", "end": "00:32:50", "text": "it said StarCloud"}, {"start": "00:32:48", "end": "00:32:53", "text": ">> that is not that's not a must company"}, {"start": "00:32:50", "end": "00:32:55", "text": "that's a different company that would be"}, {"start": "00:32:53", "end": "00:32:58", "text": "hiring Blue Origin to put their"}, {"start": "00:32:55", "end": "00:33:00", "text": "satellites in into orbit."}, {"start": "00:32:58", "end": "00:33:02", "text": ">> Yeah. I mean we need Some people say no"}, {"start": "00:33:00", "end": "00:33:02", "text": "you don't want competition. Actually,"}, {"start": "00:33:02", "end": "00:33:04", "text": "you do. And"}, {"start": "00:33:02", "end": "00:33:05", "text": ">> you do."}, {"start": "00:33:04", "end": "00:33:06", "text": ">> Trust me."}, {"start": "00:33:05", "end": "00:33:08", "text": ">> Yeah."}, {"start": "00:33:06", "end": "00:33:10", "text": ">> It makes you stronger."}, {"start": "00:33:08", "end": "00:33:13", "text": ">> If if you're not fighting off"}, {"start": "00:33:10", "end": "00:33:16", "text": "competition, then you're not iterating"}, {"start": "00:33:13", "end": "00:33:18", "text": "as you should."}, {"start": "00:33:16", "end": "00:33:19", "text": ">> You're not improving. You're not getting"}, {"start": "00:33:18", "end": "00:33:20", "text": "better."}, {"start": "00:33:19", "end": "00:33:23", "text": "Well,"}, {"start": "00:33:20", "end": "00:33:26", "text": "it would be like um be like back in the"}, {"start": "00:33:23", "end": "00:33:29", "text": "day when it was it was uh Bill Gates"}, {"start": "00:33:26", "end": "00:33:32", "text": "went to Steve Jobs and he gave him a"}, {"start": "00:33:29", "end": "00:33:34", "text": "loan to to bring Apple back into the"}, {"start": "00:33:32", "end": "00:33:36", "text": "fold because he says he need them to"}, {"start": "00:33:34", "end": "00:33:38", "text": "have a rivalry to push everybody better."}, {"start": "00:33:36", "end": "00:33:42", "text": "Bill Gates is not super evil. He's just"}, {"start": "00:33:38", "end": "00:33:46", "text": "kind of evil. So, let's see."}, {"start": "00:33:42", "end": "00:33:49", "text": "And I think that's"}, {"start": "00:33:46", "end": "00:33:50", "text": "Yeah, Henry's right. Just a few years"}, {"start": "00:33:49", "end": "00:33:52", "text": "ago, there was only one trillion dollar"}, {"start": "00:33:50", "end": "00:33:55", "text": "company. Now many and many more to come."}, {"start": "00:33:52", "end": "00:33:57", "text": "And the reason is is because well, I"}, {"start": "00:33:55", "end": "00:33:59", "text": "mean, as far as like valuations, a lot"}, {"start": "00:33:57", "end": "00:33:59", "text": "of revenue, but also because we keep"}, {"start": "00:33:59", "end": "00:34:03", "text": "printing."}, {"start": "00:33:59", "end": "00:34:04", "text": ">> Value of the dollar is going down."}, {"start": "00:34:03", "end": "00:34:06", "text": "[laughter]"}, {"start": "00:34:04", "end": "00:34:07", "text": ">> And that's why that's why people buy"}, {"start": "00:34:06", "end": "00:34:09", "text": "gold. That's why people like us buy"}, {"start": "00:34:07", "end": "00:34:14", "text": "Bitcoin. And that's why a lot of people"}, {"start": "00:34:09", "end": "00:34:17", "text": "buy both. Some people buy both. I sure."}, {"start": "00:34:14", "end": "00:34:18", "text": "Let's see. I think that's it."}, {"start": "00:34:17", "end": "00:34:21", "text": "Jerry"}, {"start": "00:34:18", "end": "00:34:23", "text": "competition is needed. Yeah, I got that,"}, {"start": "00:34:21", "end": "00:34:25", "text": "too. And that's it for today. All right,"}, {"start": "00:34:23", "end": "00:34:27", "text": "everybody. So, we went about 30 minutes"}, {"start": "00:34:25", "end": "00:34:29", "text": "or so. Let Jerry get back to doing all"}, {"start": "00:34:27", "end": "00:34:31", "text": "his great stuff over in Costa Rica."}, {"start": "00:34:29", "end": "00:34:33", "text": "That's it for today. Like today's video."}, {"start": "00:34:31", "end": "00:34:37", "text": "Thumbs up, subscribe, all that great"}, {"start": "00:34:33", "end": "00:34:41", "text": "stuff. And we'll see you guys in a week."}, {"start": "00:34:37", "end": "00:34:41", "text": "All right. Thanks so much. Adios."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Bitcoin bears and more to the point,"}, {"start": "00:00:03", "end": "00:00:09", "text": "crypto bears are wrong. They're not"}, {"start": "00:00:06", "end": "00:00:10", "text": "wrong always, but they are wrong in the"}, {"start": "00:00:09", "end": "00:00:11", "text": "long term. That's what we're going to"}, {"start": "00:00:10", "end": "00:00:14", "text": "talk about today, just to kind of bring"}, {"start": "00:00:11", "end": "00:00:16", "text": "everybody back into this pretty darn"}, {"start": "00:00:14", "end": "00:00:20", "text": "bearish market. So, yesterday, uh, this"}, {"start": "00:00:16", "end": "00:00:23", "text": "was actually asked on the Q&A part about"}, {"start": "00:00:20", "end": "00:00:25", "text": "how long and and how the bearishness has"}, {"start": "00:00:23", "end": "00:00:28", "text": "been, uh, protruding in the markets. And"}, {"start": "00:00:25", "end": "00:00:30", "text": "we just took a look at the uh 99"}, {"start": "00:00:28", "end": "00:00:33", "text": "bitcoins of the bitcoin obituaries and"}, {"start": "00:00:30", "end": "00:00:36", "text": "we can see here that uh going back for"}, {"start": "00:00:33", "end": "00:00:38", "text": "quite some time bitcoin has been dying."}, {"start": "00:00:36", "end": "00:00:40", "text": "Crypto itself has been dying and of"}, {"start": "00:00:38", "end": "00:00:42", "text": "course during the bare markets it gets"}, {"start": "00:00:40", "end": "00:00:44", "text": "just worse and worse and worse as people"}, {"start": "00:00:42", "end": "00:00:47", "text": "start to capitulate. This is what it's"}, {"start": "00:00:44", "end": "00:00:50", "text": "felt like in every bare market that I've"}, {"start": "00:00:47", "end": "00:00:52", "text": "been into. I got in in Bitcoin in 2017,"}, {"start": "00:00:50", "end": "00:00:54", "text": "2018, it felt like the floor got dropped"}, {"start": "00:00:52", "end": "00:00:56", "text": "out and it was just the most awful thing"}, {"start": "00:00:54", "end": "00:00:58", "text": "of all time as the price went from"}, {"start": "00:00:56", "end": "00:01:01", "text": "20,000 on to 3,000. Now, fast forward"}, {"start": "00:00:58", "end": "00:01:03", "text": "2021, 2022, we went from a high of"}, {"start": "00:01:01", "end": "00:01:06", "text": "67,000. And then of course we had the"}, {"start": "00:01:03", "end": "00:01:08", "text": "Voyager, the FTXs, the Celsius, the Luna"}, {"start": "00:01:06", "end": "00:01:09", "text": "collapses, and of course all the"}, {"start": "00:01:08", "end": "00:01:11", "text": "different senators and congressmen and"}, {"start": "00:01:09", "end": "00:01:13", "text": "women were against us because we were"}, {"start": "00:01:11", "end": "00:01:15", "text": "the worst things of all time even though"}, {"start": "00:01:13", "end": "00:01:18", "text": "it was essentially being run a Ponzi"}, {"start": "00:01:15", "end": "00:01:20", "text": "scheme on the other side for the"}, {"start": "00:01:18", "end": "00:01:23", "text": "exchanges themselves. Nothing to do with"}, {"start": "00:01:20", "end": "00:01:24", "text": "crypto itself. And of course, bottom"}, {"start": "00:01:23", "end": "00:01:26", "text": "dropped out. Everybody's looking for the"}, {"start": "00:01:24", "end": "00:01:28", "text": "next shiny object. Everybody got out."}, {"start": "00:01:26", "end": "00:01:30", "text": "Not going to come back. Then it came"}, {"start": "00:01:28", "end": "00:01:32", "text": "back again. And now here we are in the"}, {"start": "00:01:30", "end": "00:01:36", "text": "same arrangement and we can just see"}, {"start": "00:01:32", "end": "00:01:38", "text": "that going back to 2016 2017 or so when"}, {"start": "00:01:36", "end": "00:01:40", "text": "I first got in Bitcoin is supposed to"}, {"start": "00:01:38", "end": "00:01:46", "text": "change the world as from a box coin"}, {"start": "00:01:40", "end": "00:01:48", "text": "journal circle C no wow circle CEO."}, {"start": "00:01:46", "end": "00:01:51", "text": "Wow, look at that. I didn't even realize"}, {"start": "00:01:48", "end": "00:01:52", "text": "that circle CEO which would be for USDC"}, {"start": "00:01:51", "end": "00:01:54", "text": "and the stable coin. Nobody will be"}, {"start": "00:01:52", "end": "00:01:57", "text": "using Bitcoin in 5 to 10 years. That was"}, {"start": "00:01:54", "end": "00:01:59", "text": "when Bitcoin was $744."}, {"start": "00:01:57", "end": "00:02:03", "text": "And you got uh Mark Cuban calls Bitcoin"}, {"start": "00:01:59", "end": "00:02:04", "text": "a bubble. This was back in 2017."}, {"start": "00:02:03", "end": "00:02:05", "text": "And just it goes through the whole"}, {"start": "00:02:04", "end": "00:02:06", "text": "thing. I link this in the description."}, {"start": "00:02:05", "end": "00:02:09", "text": "You can check it out. It's pretty"}, {"start": "00:02:06", "end": "00:02:12", "text": "interesting just how like $4,000 how"}, {"start": "00:02:09", "end": "00:02:15", "text": "Bitcoin will collapse in 2017. Then just"}, {"start": "00:02:12", "end": "00:02:16", "text": "go forward 2018, no investment strategy"}, {"start": "00:02:15", "end": "00:02:19", "text": "worse than cryptocurrencies. That was"}, {"start": "00:02:16", "end": "00:02:21", "text": "when Bitcoin was $3,600. And then of"}, {"start": "00:02:19", "end": "00:02:23", "text": "course, I think Ethereum was like $100."}, {"start": "00:02:21", "end": "00:02:25", "text": "So on and so forth. 2020, please stop"}, {"start": "00:02:23", "end": "00:02:28", "text": "asking me about Bitcoin. This is when it"}, {"start": "00:02:25", "end": "00:02:30", "text": "was 17,000. Bitcoin's a disaster and so"}, {"start": "00:02:28", "end": "00:02:33", "text": "on and so forth. 2022, a this is where"}, {"start": "00:02:30", "end": "00:02:35", "text": "it gets good. And we can see that uh"}, {"start": "00:02:33", "end": "00:02:37", "text": "Bitcoin is on the road to irrelevance."}, {"start": "00:02:35", "end": "00:02:38", "text": "So on and so forth. So when we take a"}, {"start": "00:02:37", "end": "00:02:41", "text": "look at this, it's just another"}, {"start": "00:02:38", "end": "00:02:43", "text": "progression going down into the bare"}, {"start": "00:02:41", "end": "00:02:46", "text": "market. I can tell it's a bare market"}, {"start": "00:02:43", "end": "00:02:49", "text": "because either I went too early or uh"}, {"start": "00:02:46", "end": "00:02:51", "text": "people just do not care. And I can just"}, {"start": "00:02:49", "end": "00:02:53", "text": "tell by the amount of people that are"}, {"start": "00:02:51", "end": "00:02:55", "text": "actually here how bad it is in the bare"}, {"start": "00:02:53", "end": "00:02:56", "text": "market. It's pretty normal. A lot of"}, {"start": "00:02:55", "end": "00:02:58", "text": "people capitulate. They get out because"}, {"start": "00:02:56", "end": "00:03:00", "text": "they're just tired. They're tired of of"}, {"start": "00:02:58", "end": "00:03:02", "text": "the number doesn't go up. And they got"}, {"start": "00:03:00", "end": "00:03:04", "text": "in here for a massive appreciation. It"}, {"start": "00:03:02", "end": "00:03:06", "text": "just didn't work out for them. And uh"}, {"start": "00:03:04", "end": "00:03:08", "text": "this is where we're at because investing"}, {"start": "00:03:06", "end": "00:03:10", "text": "is pretty boring. You know, you just"}, {"start": "00:03:08", "end": "00:03:12", "text": "have to stick around and do the hard"}, {"start": "00:03:10", "end": "00:03:14", "text": "things that normal people wouldn't do."}, {"start": "00:03:12", "end": "00:03:19", "text": "And of course, it pays off. Same thing"}, {"start": "00:03:14", "end": "00:03:22", "text": "happened in 2017, 2018, 2022, 2022, and"}, {"start": "00:03:19", "end": "00:03:24", "text": "now here we are in 2026. So what I want"}, {"start": "00:03:22", "end": "00:03:26", "text": "to talk about is just how things have"}, {"start": "00:03:24", "end": "00:03:29", "text": "moved and how it's just nothing really"}, {"start": "00:03:26", "end": "00:03:31", "text": "changes. So out of those all Bitcoin"}, {"start": "00:03:29", "end": "00:03:33", "text": "obituaries, I took a look at some of the"}, {"start": "00:03:31", "end": "00:03:35", "text": "more famous names that are out there and"}, {"start": "00:03:33", "end": "00:03:36", "text": "how they actually uh said things. I I"}, {"start": "00:03:35", "end": "00:03:39", "text": "want to focus on two because everybody"}, {"start": "00:03:36", "end": "00:03:41", "text": "knows about Michael Sailor in 2013 when"}, {"start": "00:03:39", "end": "00:03:44", "text": "Bitcoin was 8.90. He said that uh"}, {"start": "00:03:41", "end": "00:03:46", "text": "Bitcoin was going to essentially die and"}, {"start": "00:03:44", "end": "00:03:49", "text": "it was just another gamble. But I want"}, {"start": "00:03:46", "end": "00:03:52", "text": "to take a look at uh Jamie Diamond. This"}, {"start": "00:03:49", "end": "00:03:54", "text": "was on 2017 when Bitcoin was 4,300 and"}, {"start": "00:03:52", "end": "00:03:58", "text": "of course he regretted it and we'll also"}, {"start": "00:03:54", "end": "00:04:00", "text": "take a look at uh again Mark Cuban and"}, {"start": "00:03:58", "end": "00:04:04", "text": "what and his trajectory going forward."}, {"start": "00:04:00", "end": "00:04:07", "text": "So Jamie Diamond CEO of JP Morgan Chase"}, {"start": "00:04:04", "end": "00:04:11", "text": "Bank as a reminder uh they have their"}, {"start": "00:04:07", "end": "00:04:13", "text": "own crypto ETFs at JP Morgan now which"}, {"start": "00:04:11", "end": "00:04:15", "text": "is kind of a funny thing because Jamie"}, {"start": "00:04:13", "end": "00:04:16", "text": "Diamond said if he caught anybody any of"}, {"start": "00:04:15", "end": "00:04:18", "text": "his employees dabbling into crypto he'd"}, {"start": "00:04:16", "end": "00:04:21", "text": "fire them immediately. Oh, how things"}, {"start": "00:04:18", "end": "00:04:23", "text": "change. And then of course now he's on"}, {"start": "00:04:21", "end": "00:04:25", "text": "the bubble and saying, \"Yeah, you know"}, {"start": "00:04:23", "end": "00:04:27", "text": "what? Blockchain's okay. Bitcoin not so"}, {"start": "00:04:25", "end": "00:04:29", "text": "much.\" He's really into the crypto and"}, {"start": "00:04:27", "end": "00:04:31", "text": "gel asset aspect of it. Of course, as he"}, {"start": "00:04:29", "end": "00:04:34", "text": "gets into ETFs, I bet his tune will"}, {"start": "00:04:31", "end": "00:04:38", "text": "change if it is a Bitcoin ETF. But this"}, {"start": "00:04:34", "end": "00:04:40", "text": "was a recording. This is on Fox Business"}, {"start": "00:04:38", "end": "00:04:43", "text": "where he talked about the Clarity Act."}, {"start": "00:04:40", "end": "00:04:44", "text": "And it's amazing how angry he gets on"}, {"start": "00:04:43", "end": "00:04:47", "text": "this one. So, just take a listen. Just"}, {"start": "00:04:44", "end": "00:04:50", "text": "as a warning, if you're under 18, there"}, {"start": "00:04:47", "end": "00:04:52", "text": "is some strong language in this video,"}, {"start": "00:04:50", "end": "00:04:54", "text": "so you might want to mute it if the kids"}, {"start": "00:04:52", "end": "00:04:55", "text": "are around, but I think they've heard"}, {"start": "00:04:54", "end": "00:04:57", "text": "this word out of your mouth, too."}, {"start": "00:04:55", "end": "00:04:59", "text": "Anyhow, take a listen to what Jamie"}, {"start": "00:04:57", "end": "00:05:01", "text": "Diamond is talking about here as far as"}, {"start": "00:04:59", "end": "00:05:03", "text": "the Clarity Act and Coinbase and Brian"}, {"start": "00:05:01", "end": "00:05:05", "text": "Armstrong. If they don't do it"}, {"start": "00:05:03", "end": "00:05:06", "text": "thoughtfully, it will be cause it'll be"}, {"start": "00:05:05", "end": "00:05:07", "text": "a huge problem."}, {"start": "00:05:06", "end": "00:05:08", "text": ">> So, are you happy with the way the"}, {"start": "00:05:07", "end": "00:05:11", "text": "Clarity Act is turning out?"}, {"start": "00:05:08", "end": "00:05:14", "text": ">> No. No. because it it it it allows them"}, {"start": "00:05:11", "end": "00:05:16", "text": "to effectively pay interest on deposits,"}, {"start": "00:05:14", "end": "00:05:17", "text": "stable coins or something like that"}, {"start": "00:05:16", "end": "00:05:20", "text": "without the protection that they should"}, {"start": "00:05:17", "end": "00:05:22", "text": "have and doesn't do anything for AMLBSA"}, {"start": "00:05:20", "end": "00:05:24", "text": "and it's almost no legal protections. So"}, {"start": "00:05:22", "end": "00:05:25", "text": "no, the banks will not accept it that"}, {"start": "00:05:24", "end": "00:05:27", "text": "way."}, {"start": "00:05:25", "end": "00:05:29", "text": ">> And the ABA, the small banks, the credit"}, {"start": "00:05:27", "end": "00:05:32", "text": "unions, not just the big guys. I'm not"}, {"start": "00:05:29", "end": "00:05:34", "text": "worried about stable coin, but"}, {"start": "00:05:32", "end": "00:05:35", "text": "I'm telling you, I would have nothing to"}, {"start": "00:05:34", "end": "00:05:37", "text": "do with it and it would eventually blow"}, {"start": "00:05:35", "end": "00:05:39", "text": "up on its own. Okay? But that's my"}, {"start": "00:05:37", "end": "00:05:40", "text": "personal thing. But I do understand the"}, {"start": "00:05:39", "end": "00:05:42", "text": "concern of all the other banks. So,"}, {"start": "00:05:40", "end": "00:05:43", "text": ">> well, the markup is coming. I mean, what"}, {"start": "00:05:42", "end": "00:05:44", "text": "are you going to do about it?"}, {"start": "00:05:43", "end": "00:05:45", "text": ">> It is. We'll fight it. If we lose, we"}, {"start": "00:05:44", "end": "00:05:46", "text": "lose and we'll live."}, {"start": "00:05:45", "end": "00:05:48", "text": ">> Okay."}, {"start": "00:05:46", "end": "00:05:49", "text": ">> But it will be fought. This will not be"}, {"start": "00:05:48", "end": "00:05:52", "text": "No, no one's going to bow down to this"}, {"start": "00:05:49", "end": "00:05:54", "text": "guy, okay? Or that company. And he's the"}, {"start": "00:05:52", "end": "00:05:55", "text": "only one. And he's spending hundreds of"}, {"start": "00:05:54", "end": "00:05:57", "text": "millions of dollars in Washington this"}, {"start": "00:05:55", "end": "00:05:58", "text": "thing."}, {"start": "00:05:57", "end": "00:06:00", "text": ">> He said he's he's representing the whole"}, {"start": "00:05:58", "end": "00:06:03", "text": ">> full of"}, {"start": "00:06:00", "end": "00:06:05", "text": ">> Oo, Jamie Diamond. So, anyhow, yeah,"}, {"start": "00:06:03", "end": "00:06:07", "text": "he's not too happy. I can see why. And I"}, {"start": "00:06:05", "end": "00:06:08", "text": "don't understand why he's so well I do"}, {"start": "00:06:07", "end": "00:06:11", "text": "understand why he's so angry because the"}, {"start": "00:06:08", "end": "00:06:12", "text": "banks don't want stable coins to come in"}, {"start": "00:06:11", "end": "00:06:15", "text": "because the whole thing with the bank"}, {"start": "00:06:12", "end": "00:06:18", "text": "it's fractional reserve lending if they"}, {"start": "00:06:15", "end": "00:06:20", "text": "get subjugated and they get pushed out"}, {"start": "00:06:18", "end": "00:06:21", "text": "and people are just using stable coins"}, {"start": "00:06:20", "end": "00:06:24", "text": "because as a reminder stable coins have"}, {"start": "00:06:21", "end": "00:06:26", "text": "to be backed one to one by treasuries or"}, {"start": "00:06:24", "end": "00:06:27", "text": "dollars. That's why circle and tether is"}, {"start": "00:06:26", "end": "00:06:30", "text": "pushing this so so forward. They're like"}, {"start": "00:06:27", "end": "00:06:32", "text": "look we've got to have all the reserves."}, {"start": "00:06:30", "end": "00:06:33", "text": "We'll do that. No problems. You guys can"}, {"start": "00:06:32", "end": "00:06:35", "text": "use stable coins. Banks don't have to do"}, {"start": "00:06:33", "end": "00:06:38", "text": "that. Go to your bank right now. Take"}, {"start": "00:06:35", "end": "00:06:40", "text": "out your entire Well, let's say you got"}, {"start": "00:06:38", "end": "00:06:42", "text": "five or 10,000. Lucky you. 10. I want"}, {"start": "00:06:40", "end": "00:06:44", "text": "$10,000 out. The bank's like, \"We don't"}, {"start": "00:06:42", "end": "00:06:46", "text": "have that money.\" Oh, what do you got to"}, {"start": "00:06:44", "end": "00:06:48", "text": "do? Ah, we got to get there. So, I I"}, {"start": "00:06:46", "end": "00:06:50", "text": "don't understand the whole the whole"}, {"start": "00:06:48", "end": "00:06:51", "text": "thing of like where he's saying this to"}, {"start": "00:06:50", "end": "00:06:53", "text": "kind of put this out there. I think he's"}, {"start": "00:06:51", "end": "00:06:55", "text": "drawing on the sympathy of the crowd."}, {"start": "00:06:53", "end": "00:06:57", "text": "But, as a reminder, it has to be backed"}, {"start": "00:06:55", "end": "00:06:58", "text": "one to one. And also as a reminder,"}, {"start": "00:06:57", "end": "00:07:00", "text": "they're going to fight this tooth and"}, {"start": "00:06:58", "end": "00:07:02", "text": "nail because again, if they can't get"}, {"start": "00:07:00", "end": "00:07:04", "text": "money in, they can't do the lending,"}, {"start": "00:07:02", "end": "00:07:06", "text": "which is where they make a bunch of"}, {"start": "00:07:04", "end": "00:07:08", "text": "their revenue from. So why would they"}, {"start": "00:07:06", "end": "00:07:09", "text": "want that to actually happen? And the"}, {"start": "00:07:08", "end": "00:07:11", "text": "Clarity Act that is coming through, it"}, {"start": "00:07:09", "end": "00:07:13", "text": "has to go through the Senate, which has"}, {"start": "00:07:11", "end": "00:07:15", "text": "to be a supermajority, which is a 60"}, {"start": "00:07:13", "end": "00:07:18", "text": "votes to 40. If uh we can get that"}, {"start": "00:07:15", "end": "00:07:19", "text": "through, great. But I just don't see"}, {"start": "00:07:18", "end": "00:07:21", "text": "that happening. Again, it's a little bit"}, {"start": "00:07:19", "end": "00:07:22", "text": "of a bearish statement, but it is what"}, {"start": "00:07:21", "end": "00:07:24", "text": "it is. And if that happens, you're going"}, {"start": "00:07:22", "end": "00:07:25", "text": "to see the price go down, just so"}, {"start": "00:07:24", "end": "00:07:28", "text": "everybody is aware. So that's Jamie"}, {"start": "00:07:25", "end": "00:07:29", "text": "Diamond. Now I want to talk about Mark"}, {"start": "00:07:28", "end": "00:07:31", "text": "Cuban. And Mark actually I'm not going"}, {"start": "00:07:29", "end": "00:07:32", "text": "to play this this this clip. I think"}, {"start": "00:07:31", "end": "00:07:34", "text": "everybody's heard it. But he pretty much"}, {"start": "00:07:32", "end": "00:07:36", "text": "said like look, Bitcoin lost the plot."}, {"start": "00:07:34", "end": "00:07:38", "text": "It went down instead of going up as a"}, {"start": "00:07:36", "end": "00:07:39", "text": "store of value and a hedge against"}, {"start": "00:07:38", "end": "00:07:43", "text": "inflation and a hedge against war,"}, {"start": "00:07:39", "end": "00:07:45", "text": "especially during the uh Iran conflict"}, {"start": "00:07:43", "end": "00:07:48", "text": "which started on February 28th. So, we"}, {"start": "00:07:45", "end": "00:07:52", "text": "had talked about this before and uh now"}, {"start": "00:07:48", "end": "00:07:53", "text": "as a reminder uh Bitcoin and gold"}, {"start": "00:07:52", "end": "00:07:55", "text": "because he was saying that gold, you"}, {"start": "00:07:53", "end": "00:07:57", "text": "know, it just went up crazy and it was a"}, {"start": "00:07:55", "end": "00:07:59", "text": "good store of value and it was because"}, {"start": "00:07:57", "end": "00:08:01", "text": "central banks are buying it like crazy,"}, {"start": "00:07:59", "end": "00:08:04", "text": "especially over in China. That's the"}, {"start": "00:08:01", "end": "00:08:09", "text": "reason why it went up. But you can see"}, {"start": "00:08:04", "end": "00:08:11", "text": "since 2022, this is in orange is Bitcoin"}, {"start": "00:08:09", "end": "00:08:14", "text": "and in yellow is gold. And you can see"}, {"start": "00:08:11", "end": "00:08:16", "text": "how it mimics it pretty well. I mean"}, {"start": "00:08:14", "end": "00:08:18", "text": "there's some a little bit of deviation"}, {"start": "00:08:16", "end": "00:08:21", "text": "here at some points but I mean look at"}, {"start": "00:08:18", "end": "00:08:24", "text": "this. The part that it deviated from was"}, {"start": "00:08:21", "end": "00:08:26", "text": "October the 4th of October well 6th of"}, {"start": "00:08:24", "end": "00:08:29", "text": "October 2025 when of course we had that"}, {"start": "00:08:26", "end": "00:08:30", "text": "issue with Binance my favorite exchange"}, {"start": "00:08:29", "end": "00:08:32", "text": "and you can see it just kind of"}, {"start": "00:08:30", "end": "00:08:36", "text": "collapsed. Bitcoin collapsed and went"}, {"start": "00:08:32", "end": "00:08:38", "text": "down 50% in roughly four months and and"}, {"start": "00:08:36", "end": "00:08:39", "text": "gold kept going up. However, if you look"}, {"start": "00:08:38", "end": "00:08:42", "text": "at it,"}, {"start": "00:08:39", "end": "00:08:44", "text": "it peaked out in around 28th of"}, {"start": "00:08:42", "end": "00:08:46", "text": "February,"}, {"start": "00:08:44", "end": "00:08:48", "text": "then 3rd of March, which again, we're"}, {"start": "00:08:46", "end": "00:08:50", "text": "only 5 days into the war. And then what"}, {"start": "00:08:48", "end": "00:08:53", "text": "happens to gold? Gold goes down, Bitcoin"}, {"start": "00:08:50", "end": "00:08:55", "text": "goes up. Then Bitcoin starts going down"}, {"start": "00:08:53", "end": "00:08:58", "text": "a little bit. But now look at how much"}, {"start": "00:08:55", "end": "00:09:00", "text": "is in tandem. So when Mark talks about"}, {"start": "00:08:58", "end": "00:09:02", "text": "this and he's like, I lost the plot. Not"}, {"start": "00:09:00", "end": "00:09:03", "text": "really. I mean, it's like you can only"}, {"start": "00:09:02", "end": "00:09:06", "text": "do so much. And gold is pretty much"}, {"start": "00:09:03", "end": "00:09:08", "text": "tracking on as well. Now, Mark's gonna"}, {"start": "00:09:06", "end": "00:09:10", "text": "say this stuff. I think he's a smart"}, {"start": "00:09:08", "end": "00:09:11", "text": "guy. I like what he's doing with cost"}, {"start": "00:09:10", "end": "00:09:13", "text": "plus drugs. I know people are tired of"}, {"start": "00:09:11", "end": "00:09:15", "text": "me saying that, but he's doing a good"}, {"start": "00:09:13", "end": "00:09:17", "text": "thing. But in April 25th, 2020,"}, {"start": "00:09:15", "end": "00:09:18", "text": "beforehand in 2017, he said, \"It's a"}, {"start": "00:09:17", "end": "00:09:19", "text": "Ponzi. You don't really like it.\""}, {"start": "00:09:18", "end": "00:09:24", "text": "Actually, I'm sorry. He didn't say it's"}, {"start": "00:09:19", "end": "00:09:26", "text": "a Ponzi. Uh his exact quote was"}, {"start": "00:09:24", "end": "00:09:28", "text": "uh backed crypto fund within weeks. He"}, {"start": "00:09:26", "end": "00:09:30", "text": "just said it wasn't wasn't anything"}, {"start": "00:09:28", "end": "00:09:32", "text": "that's applicable to him. And then in"}, {"start": "00:09:30", "end": "00:09:33", "text": "2020, he said, \"Yeah, over here on the"}, {"start": "00:09:32", "end": "00:09:35", "text": "Mabs, we're going to actually accept"}, {"start": "00:09:33", "end": "00:09:38", "text": "Bitcoin.\" And around April 25th, he was"}, {"start": "00:09:35", "end": "00:09:40", "text": "around $7700, $8,000 somewhere around"}, {"start": "00:09:38", "end": "00:09:41", "text": "there. So, he did a good thing. He"}, {"start": "00:09:40", "end": "00:09:42", "text": "probably took some profits along the"}, {"start": "00:09:41", "end": "00:09:44", "text": "way. And now he's like, \"Ah, I don't"}, {"start": "00:09:42", "end": "00:09:46", "text": "really like this. It's not a shiny"}, {"start": "00:09:44", "end": "00:09:48", "text": "object, and I'm out.\" So, when we take a"}, {"start": "00:09:46", "end": "00:09:50", "text": "look at that, you have to understand"}, {"start": "00:09:48", "end": "00:09:51", "text": "that this thing just keeps happening"}, {"start": "00:09:50", "end": "00:09:53", "text": "over and over again. And I want to show"}, {"start": "00:09:51", "end": "00:09:55", "text": "you something."}, {"start": "00:09:53", "end": "00:09:58", "text": "This was a little graph that I created"}, {"start": "00:09:55", "end": "00:10:01", "text": "with the help of Claude. Thanks, Claude."}, {"start": "00:09:58", "end": "00:10:03", "text": "You're a great AI agent."}, {"start": "00:10:01", "end": "00:10:06", "text": "And I just put this in as as like a"}, {"start": "00:10:03", "end": "00:10:10", "text": "four-year cycle. And it's amazing how"}, {"start": "00:10:06", "end": "00:10:12", "text": "things just kind of repeat. And what I'm"}, {"start": "00:10:10", "end": "00:10:14", "text": "showing you right here, and this is"}, {"start": "00:10:12", "end": "00:10:15", "text": "actually on my website. You can go to"}, {"start": "00:10:14", "end": "00:10:16", "text": "the website. I linked in the"}, {"start": "00:10:15", "end": "00:10:18", "text": "description. This is on Dan Teaches"}, {"start": "00:10:16", "end": "00:10:20", "text": "Crypto. And you can show this to"}, {"start": "00:10:18", "end": "00:10:23", "text": "anybody. And it's kind of like just kind"}, {"start": "00:10:20", "end": "00:10:27", "text": "of eases the mind. Look at this today."}, {"start": "00:10:23", "end": "00:10:30", "text": "Well, this was in uh this is May 28th."}, {"start": "00:10:27", "end": "00:10:31", "text": "73,300 somewhere around there, right?"}, {"start": "00:10:30", "end": "00:10:34", "text": "But if you just go four years back, you"}, {"start": "00:10:31", "end": "00:10:36", "text": "know, the price was 31,000, today"}, {"start": "00:10:34", "end": "00:10:38", "text": "73,000. But you're like, \"But Rob, it's"}, {"start": "00:10:36", "end": "00:10:41", "text": "the bare market. That's how it goes.\""}, {"start": "00:10:38", "end": "00:10:43", "text": "You're exactly right. But look at this."}, {"start": "00:10:41", "end": "00:10:46", "text": "I'd like to show you"}, {"start": "00:10:43", "end": "00:10:49", "text": "just how much the four years line up."}, {"start": "00:10:46", "end": "00:10:54", "text": "That's exactly four years. November"}, {"start": "00:10:49", "end": "00:10:56", "text": "2021, November 2025, 61,21,000."}, {"start": "00:10:54", "end": "00:11:00", "text": "Pretty crazy, right? And then we can go"}, {"start": "00:10:56", "end": "00:11:02", "text": "over here and come down."}, {"start": "00:11:00", "end": "00:11:04", "text": "And it just follows the same pattern as"}, {"start": "00:11:02", "end": "00:11:06", "text": "we were going up. And let's just go back"}, {"start": "00:11:04", "end": "00:11:09", "text": "to here."}, {"start": "00:11:06", "end": "00:11:11", "text": "Almost the same thing. November 2021,"}, {"start": "00:11:09", "end": "00:11:15", "text": "61,000, give or take a couple hundred"}, {"start": "00:11:11", "end": "00:11:18", "text": "bucks. And then November 2017,"}, {"start": "00:11:15", "end": "00:11:19", "text": "roughly 14 16 17,000 somewhere around"}, {"start": "00:11:18", "end": "00:11:22", "text": "there. Actually, it should have been"}, {"start": "00:11:19", "end": "00:11:25", "text": "higher, but it just lines up with these"}, {"start": "00:11:22", "end": "00:11:27", "text": "four years. And then down it goes. And"}, {"start": "00:11:25", "end": "00:11:29", "text": "the last time,"}, {"start": "00:11:27", "end": "00:11:31", "text": "oh man,"}, {"start": "00:11:29", "end": "00:11:35", "text": "$1,000"}, {"start": "00:11:31", "end": "00:11:37", "text": "almost 20,000 going forward. So we can"}, {"start": "00:11:35", "end": "00:11:40", "text": "see that things line up and the same"}, {"start": "00:11:37", "end": "00:11:44", "text": "things that are being said by Mark, by"}, {"start": "00:11:40", "end": "00:11:46", "text": "Jamie, by Kevin Olirri Ray Dalio. Oh,"}, {"start": "00:11:44", "end": "00:11:49", "text": "look at that. Rel Powell. Same type of"}, {"start": "00:11:46", "end": "00:11:50", "text": "thing. We can just see that this things"}, {"start": "00:11:49", "end": "00:11:54", "text": "just keeps happening over and over"}, {"start": "00:11:50", "end": "00:11:57", "text": "again. But as we get into these bare"}, {"start": "00:11:54", "end": "00:11:59", "text": "cycles, you start to hear"}, {"start": "00:11:57", "end": "00:12:01", "text": "more people capitulating, which is"}, {"start": "00:11:59", "end": "00:12:03", "text": "normal, and more people looking for the"}, {"start": "00:12:01", "end": "00:12:05", "text": "next shiny object. Like in yesterday's"}, {"start": "00:12:03", "end": "00:12:06", "text": "comments, I heard a lot of people"}, {"start": "00:12:05", "end": "00:12:08", "text": "saying, \"Rob, why don't you just get"}, {"start": "00:12:06", "end": "00:12:12", "text": "into stocks?\" Well, I'm actually have"}, {"start": "00:12:08", "end": "00:12:14", "text": "bought a few equities stocks going"}, {"start": "00:12:12", "end": "00:12:16", "text": "across the way. And um they've done"}, {"start": "00:12:14", "end": "00:12:18", "text": "fine. Nothing big. People are saying"}, {"start": "00:12:16", "end": "00:12:19", "text": "like stocks are the greatest thing"}, {"start": "00:12:18", "end": "00:12:21", "text": "because we hear this in the news about"}, {"start": "00:12:19", "end": "00:12:25", "text": "how it is. But let's just take a look at"}, {"start": "00:12:21", "end": "00:12:27", "text": "the numbers. So the S&P 500 in the past"}, {"start": "00:12:25", "end": "00:12:30", "text": "5 days is up one and a half%. That's"}, {"start": "00:12:27", "end": "00:12:32", "text": "great. Great. But if we extrapolate that"}, {"start": "00:12:30", "end": "00:12:36", "text": "out, how about a month? 5%. That's"}, {"start": "00:12:32", "end": "00:12:41", "text": "pretty good. 5% in 30 days. How about 6"}, {"start": "00:12:36", "end": "00:12:44", "text": "months? Wow. Now we're talking 11.2%."}, {"start": "00:12:41", "end": "00:12:48", "text": "How about a year?"}, {"start": "00:12:44", "end": "00:12:50", "text": "We're up 28% on the year. How we doing"}, {"start": "00:12:48", "end": "00:12:53", "text": "in Bitcoin? Well, we're down roughly"}, {"start": "00:12:50", "end": "00:12:55", "text": "28%. Roughly 30%."}, {"start": "00:12:53", "end": "00:12:57", "text": "So, if you're looking at this and going,"}, {"start": "00:12:55", "end": "00:12:59", "text": "why am I doing this? It's because of"}, {"start": "00:12:57", "end": "00:13:00", "text": "there's a potential upside, but 28% in"}, {"start": "00:12:59", "end": "00:13:04", "text": "here is not too bad. How about five"}, {"start": "00:13:00", "end": "00:13:06", "text": "years? 80% in five years. Wow. And as"}, {"start": "00:13:04", "end": "00:13:07", "text": "people start to look at this, they're"}, {"start": "00:13:06", "end": "00:13:10", "text": "like, I should have just done this. I"}, {"start": "00:13:07", "end": "00:13:13", "text": "should have gone here. Not a bad idea. I"}, {"start": "00:13:10", "end": "00:13:16", "text": "I talk about diversification, but there"}, {"start": "00:13:13", "end": "00:13:18", "text": "are some outsized gains coming, just not"}, {"start": "00:13:16", "end": "00:13:20", "text": "in the bare market."}, {"start": "00:13:18", "end": "00:13:22", "text": "What about the Russell 2000? The Russell"}, {"start": "00:13:20", "end": "00:13:26", "text": "2000 actually takes a look at some of"}, {"start": "00:13:22", "end": "00:13:27", "text": "the more smaller smaller cap stocks. So,"}, {"start": "00:13:26", "end": "00:13:29", "text": "you would think like they would do"}, {"start": "00:13:27", "end": "00:13:32", "text": "pretty good. Actually, 5 days it's up"}, {"start": "00:13:29", "end": "00:13:38", "text": "2%. In one month, it's up 4%. 6 months"}, {"start": "00:13:32", "end": "00:13:41", "text": "18, one year 41. And in five years,"}, {"start": "00:13:38", "end": "00:13:42", "text": "it's not that great. 28%. So again, as"}, {"start": "00:13:41", "end": "00:13:43", "text": "we start to look at like the shiny"}, {"start": "00:13:42", "end": "00:13:46", "text": "objects, like maybe I should get into"}, {"start": "00:13:43", "end": "00:13:50", "text": "that, but maybe you're even into the"}, {"start": "00:13:46", "end": "00:13:52", "text": "next shiny object, Nvidia, and how great"}, {"start": "00:13:50", "end": "00:13:54", "text": "that is. Like, well, right now it's not"}, {"start": "00:13:52", "end": "00:13:57", "text": "so great, I must admit. Over a day, it's"}, {"start": "00:13:54", "end": "00:13:59", "text": "down 1%. That's weird. 5 days, 4%. How"}, {"start": "00:13:57", "end": "00:14:03", "text": "about a month? Hey, now we're talking."}, {"start": "00:13:59", "end": "00:14:06", "text": "5%. How about six months? 17%. How about"}, {"start": "00:14:03", "end": "00:14:09", "text": "a year? 56%."}, {"start": "00:14:06", "end": "00:14:11", "text": "That's pretty good. Again, how's Bitcoin"}, {"start": "00:14:09", "end": "00:14:15", "text": "doing? Well, about 30% down, matter of"}, {"start": "00:14:11", "end": "00:14:19", "text": "fact. And what about five years? Wow,"}, {"start": "00:14:15", "end": "00:14:22", "text": "1,200%. If I just would have got into"}, {"start": "00:14:19", "end": "00:14:27", "text": "Nvidia. Well, let's take a look at that"}, {"start": "00:14:22", "end": "00:14:30", "text": "because in five years, that's May 28th,"}, {"start": "00:14:27", "end": "00:14:30", "text": "2021."}, {"start": "00:14:30", "end": "00:14:34", "text": "What if you would have done a lump sum?"}, {"start": "00:14:33", "end": "00:14:37", "text": "Well, first of all, if you would have"}, {"start": "00:14:34", "end": "00:14:41", "text": "done a lump sum into Bitcoin"}, {"start": "00:14:37", "end": "00:14:41", "text": "on May 28th, 2021"}, {"start": "00:14:41", "end": "00:14:48", "text": "today, you'd only be up 90%. That sucks."}, {"start": "00:14:46", "end": "00:14:50", "text": "That's not what I'm here for. But, of"}, {"start": "00:14:48", "end": "00:14:52", "text": "course, this is assuming that you didn't"}, {"start": "00:14:50", "end": "00:14:53", "text": "buy anything over here. You didn't"}, {"start": "00:14:52", "end": "00:14:54", "text": "dollar cost average, didn't dynamic"}, {"start": "00:14:53", "end": "00:14:56", "text": "dollar cost average. You just bought"}, {"start": "00:14:54", "end": "00:14:58", "text": "right here to Bitcoin and you said, \"I'm"}, {"start": "00:14:56", "end": "00:15:01", "text": "going to put a,000 bucks into Bitcoin"}, {"start": "00:14:58", "end": "00:15:02", "text": "and a,000 bucks into Nvidia.\" Well,"}, {"start": "00:15:01", "end": "00:15:06", "text": "great."}, {"start": "00:15:02", "end": "00:15:08", "text": "Great. You're like a $22,000."}, {"start": "00:15:06", "end": "00:15:10", "text": "Is that going to change the life? I"}, {"start": "00:15:08", "end": "00:15:12", "text": "don't know. For a lot of people it"}, {"start": "00:15:10", "end": "00:15:14", "text": "could. Some people it doesn't. Other"}, {"start": "00:15:12", "end": "00:15:17", "text": "people it's just a drop in the bucket."}, {"start": "00:15:14", "end": "00:15:19", "text": "The thing is money isn't made by a"}, {"start": "00:15:17", "end": "00:15:21", "text": "one-time thing. I mean, unless you come"}, {"start": "00:15:19", "end": "00:15:23", "text": "in here and dump a million dollars into"}, {"start": "00:15:21", "end": "00:15:25", "text": "Nvidia,"}, {"start": "00:15:23", "end": "00:15:28", "text": "but the money is made in these bare"}, {"start": "00:15:25", "end": "00:15:30", "text": "markets when nobody wants to buy and"}, {"start": "00:15:28", "end": "00:15:34", "text": "everybody's gone. And that's where I've"}, {"start": "00:15:30", "end": "00:15:37", "text": "made all my money. I don't make it up"}, {"start": "00:15:34", "end": "00:15:39", "text": "here. I make it back here. Let's take a"}, {"start": "00:15:37", "end": "00:15:42", "text": "look real quick at why you probably"}, {"start": "00:15:39", "end": "00:15:45", "text": "wouldn't have bought Chat or excuse me,"}, {"start": "00:15:42", "end": "00:15:48", "text": "uh, Nvidia back in 2021. You didn't buy"}, {"start": "00:15:45", "end": "00:15:50", "text": "Nvidia back in 2021 because there wasn't"}, {"start": "00:15:48", "end": "00:15:52", "text": "a lot of talk about AI. It was more"}, {"start": "00:15:50", "end": "00:15:55", "text": "about the chips and gaming and things"}, {"start": "00:15:52", "end": "00:15:58", "text": "like that. But maybe once Chad GPT"}, {"start": "00:15:55", "end": "00:16:01", "text": "launched in 2023 roughly, remember all"}, {"start": "00:15:58", "end": "00:16:03", "text": "those goofy Will Smith videos where he's"}, {"start": "00:16:01", "end": "00:16:04", "text": "eating spaghetti look ridiculous, but"}, {"start": "00:16:03", "end": "00:16:07", "text": "people are like, \"Yep, that's the"}, {"start": "00:16:04", "end": "00:16:11", "text": "future.\" Let's just say for giggles that"}, {"start": "00:16:07", "end": "00:16:13", "text": "you got in 2023."}, {"start": "00:16:11", "end": "00:16:16", "text": "Well, that's still not too bad. Instead"}, {"start": "00:16:13", "end": "00:16:20", "text": "of getting in at 16 bucks, you got in at"}, {"start": "00:16:16", "end": "00:16:23", "text": "like $23 and you did a clean 10x to the"}, {"start": "00:16:20", "end": "00:16:24", "text": "day. Great. What would you have done if"}, {"start": "00:16:23", "end": "00:16:29", "text": "you'd done the same thing with Bitcoin?"}, {"start": "00:16:24", "end": "00:16:29", "text": "Well, if you would have put $1,000"}, {"start": "00:16:31", "end": "00:16:37", "text": "on January 2023, you know how much that"}, {"start": "00:16:34", "end": "00:16:40", "text": "would have been worth at the peak?"}, {"start": "00:16:37", "end": "00:16:43", "text": "7,300 bucks. You would have been 600%"}, {"start": "00:16:40", "end": "00:16:45", "text": "up. Again, all the money is made in"}, {"start": "00:16:43", "end": "00:16:48", "text": "these bare markets right around here."}, {"start": "00:16:45", "end": "00:16:51", "text": "Nvidia is a little bit different because"}, {"start": "00:16:48", "end": "00:16:54", "text": "they are riding the line of AI. So, it"}, {"start": "00:16:51", "end": "00:16:56", "text": "could be the next great thing. However,"}, {"start": "00:16:54", "end": "00:16:59", "text": "I just want to warn everybody of this."}, {"start": "00:16:56", "end": "00:17:02", "text": "Chasing shiny objects sometimes isn't"}, {"start": "00:16:59", "end": "00:17:04", "text": "the best play. AI is great. I have a"}, {"start": "00:17:02", "end": "00:17:09", "text": "thesis. I think it's more so a picks and"}, {"start": "00:17:04", "end": "00:17:11", "text": "shovels. But just so everybody's aware,"}, {"start": "00:17:09", "end": "00:17:16", "text": "this is from Bull Theory."}, {"start": "00:17:11", "end": "00:17:18", "text": "44% of every dollar spent on AI"}, {"start": "00:17:16", "end": "00:17:20", "text": "goes directly to fixing bugs that the AI"}, {"start": "00:17:18", "end": "00:17:23", "text": "itself created. If you have been using"}, {"start": "00:17:20", "end": "00:17:27", "text": "AI, if you've been using Claude or"}, {"start": "00:17:23", "end": "00:17:29", "text": "Hermes or OpenClaw or whatever else"}, {"start": "00:17:27", "end": "00:17:31", "text": "that's out there, if you've been using"}, {"start": "00:17:29", "end": "00:17:33", "text": "those, you know what I'm talking about."}, {"start": "00:17:31", "end": "00:17:35", "text": "AI makes a ton of mistakes. AI"}, {"start": "00:17:33", "end": "00:17:37", "text": "hallucinates and then what's that cost?"}, {"start": "00:17:35", "end": "00:17:39", "text": "That cuts you and your tokens. There's a"}, {"start": "00:17:37", "end": "00:17:42", "text": "reason why Uber burned through over a"}, {"start": "00:17:39", "end": "00:17:44", "text": "billion dollars worth of their tokens in"}, {"start": "00:17:42", "end": "00:17:45", "text": "four months. And now they're like, well,"}, {"start": "00:17:44", "end": "00:17:47", "text": "that's their whole budget for the year"}, {"start": "00:17:45", "end": "00:17:49", "text": "and we burned it out. probably because"}, {"start": "00:17:47", "end": "00:17:52", "text": "44% are incorrect and they have to fix"}, {"start": "00:17:49", "end": "00:17:54", "text": "it. AI across 2,444"}, {"start": "00:17:52", "end": "00:17:57", "text": "companies show that for every dollar"}, {"start": "00:17:54", "end": "00:18:01", "text": "spent on AI tokens, 44 cents goes to"}, {"start": "00:17:57", "end": "00:18:03", "text": "bugs, 27 cents to rewriting AI code, and"}, {"start": "00:18:01", "end": "00:18:05", "text": "11 cents disappears into review and"}, {"start": "00:18:03", "end": "00:18:07", "text": "merge delays. Companies spending a"}, {"start": "00:18:05", "end": "00:18:11", "text": "100,000 on AI tokens and only 18,000"}, {"start": "00:18:07", "end": "00:18:12", "text": "worth is reaching production, meaning"}, {"start": "00:18:11", "end": "00:18:14", "text": "they're not getting a really bang for"}, {"start": "00:18:12", "end": "00:18:16", "text": "their buck. And this part right here,"}, {"start": "00:18:14", "end": "00:18:18", "text": "about a quarter is to rewriting AI"}, {"start": "00:18:16", "end": "00:18:19", "text": "generated code. You know, everybody's"}, {"start": "00:18:18", "end": "00:18:22", "text": "been talking about how like all these"}, {"start": "00:18:19", "end": "00:18:24", "text": "layoffs are, you know, like the the AI"}, {"start": "00:18:22", "end": "00:18:26", "text": "apocalypse because everybody's getting"}, {"start": "00:18:24", "end": "00:18:28", "text": "laid off. Well, guess what? Now people"}, {"start": "00:18:26", "end": "00:18:31", "text": "are getting hired back. The reason why"}, {"start": "00:18:28", "end": "00:18:33", "text": "is because AI can do a good job, but it"}, {"start": "00:18:31", "end": "00:18:36", "text": "screws up a lot. This is from David"}, {"start": "00:18:33", "end": "00:18:38", "text": "Saxs. He's a former AI ZAR, and he said,"}, {"start": "00:18:36", "end": "00:18:41", "text": "and he put this out, job postings for"}, {"start": "00:18:38", "end": "00:18:43", "text": "software engineers are rising. Amazing"}, {"start": "00:18:41", "end": "00:18:46", "text": "how that works. Since May 2025, we've"}, {"start": "00:18:43", "end": "00:18:48", "text": "seen a roughly over a year or so that"}, {"start": "00:18:46", "end": "00:18:50", "text": "there's been a 14x year-over-year"}, {"start": "00:18:48", "end": "00:18:53", "text": "increase in GitHub commits and it's"}, {"start": "00:18:50", "end": "00:18:56", "text": "accelerating. That's because all the new"}, {"start": "00:18:53", "end": "00:18:58", "text": "or the laid off different u developers"}, {"start": "00:18:56", "end": "00:18:59", "text": "now having to fix all the code. Maybe"}, {"start": "00:18:58", "end": "00:19:02", "text": "that'll change in the future, but that's"}, {"start": "00:18:59", "end": "00:19:05", "text": "what we have. Also,"}, {"start": "00:19:02", "end": "00:19:07", "text": "it's not just these certain companies."}, {"start": "00:19:05", "end": "00:19:09", "text": "This is from Yoshik. He says AI numbers"}, {"start": "00:19:07", "end": "00:19:11", "text": "starting to look ugly. Even our best"}, {"start": "00:19:09", "end": "00:19:14", "text": "case assumptions own data shows"}, {"start": "00:19:11", "end": "00:19:18", "text": "Microsoft ROI is at negative9%."}, {"start": "00:19:14", "end": "00:19:20", "text": "So what they spend in for claude chat"}, {"start": "00:19:18", "end": "00:19:22", "text": "GPT all different things they have to"}, {"start": "00:19:20", "end": "00:19:26", "text": "use for tokens they're actually at"}, {"start": "00:19:22", "end": "00:19:30", "text": "negative9 Google's at5 MetaGative 28 and"}, {"start": "00:19:26", "end": "00:19:32", "text": "Oracle's at negative 35%. So there is an"}, {"start": "00:19:30", "end": "00:19:35", "text": "IPO coming for Claude might be great"}, {"start": "00:19:32", "end": "00:19:37", "text": "also for XAI. I'm just saying that uh I"}, {"start": "00:19:35", "end": "00:19:39", "text": "don't think this is the play for"}, {"start": "00:19:37", "end": "00:19:42", "text": "everybody and everybody's looking at"}, {"start": "00:19:39", "end": "00:19:45", "text": "this new shiny object. I personally keep"}, {"start": "00:19:42", "end": "00:19:47", "text": "buying Bitcoin every single Monday and"}, {"start": "00:19:45", "end": "00:19:50", "text": "we'll see if I'm proven right again or"}, {"start": "00:19:47", "end": "00:19:52", "text": "if I'm wrong. But I will say this"}, {"start": "00:19:50", "end": "00:19:55", "text": "finishing this up when we get to Q&A."}, {"start": "00:19:52", "end": "00:19:57", "text": "This little slider that I built, uh"}, {"start": "00:19:55", "end": "00:20:00", "text": "Claude did a great job of doing that. as"}, {"start": "00:19:57", "end": "00:20:01", "text": "a matter of fact. And uh all I had to do"}, {"start": "00:20:00", "end": "00:20:03", "text": "was just ask it a question. I said,"}, {"start": "00:20:01", "end": "00:20:05", "text": "\"Hey, just make some code for me and"}, {"start": "00:20:03", "end": "00:20:07", "text": "this is what I want.\" And it spit that"}, {"start": "00:20:05", "end": "00:20:08", "text": "out and it was pretty good. There's some"}, {"start": "00:20:07", "end": "00:20:10", "text": "errors on there which I have to fix"}, {"start": "00:20:08", "end": "00:20:13", "text": "because I did this in like 15 minutes,"}, {"start": "00:20:10", "end": "00:20:15", "text": "but you get the point. It's not perfect"}, {"start": "00:20:13", "end": "00:20:18", "text": "and it does work. But I have a thesis"}, {"start": "00:20:15", "end": "00:20:20", "text": "and I want you to watch that with me. On"}, {"start": "00:20:18", "end": "00:20:22", "text": "my second channel, which used to be"}, {"start": "00:20:20", "end": "00:20:24", "text": "called Dan Den, which was more for the"}, {"start": "00:20:22", "end": "00:20:26", "text": "risky aspects of digital assets. I am"}, {"start": "00:20:24", "end": "00:20:28", "text": "suns setting that channel because I"}, {"start": "00:20:26", "end": "00:20:31", "text": "don't really invest into any really"}, {"start": "00:20:28", "end": "00:20:33", "text": "super risky assets like I did before. We"}, {"start": "00:20:31", "end": "00:20:35", "text": "did. We didn't make some good profits."}, {"start": "00:20:33", "end": "00:20:37", "text": "Some didn't do so well. Some did. Some"}, {"start": "00:20:35", "end": "00:20:39", "text": "did like a 30x. But again, if you took"}, {"start": "00:20:37", "end": "00:20:41", "text": "profits, it worked out pretty well. Now,"}, {"start": "00:20:39", "end": "00:20:44", "text": "I am moving over to talking about"}, {"start": "00:20:41", "end": "00:20:46", "text": "investing into the picks and shovels"}, {"start": "00:20:44", "end": "00:20:47", "text": "that is AI. Also, I want to show people"}, {"start": "00:20:46", "end": "00:20:49", "text": "how I'm using AI from my four different"}, {"start": "00:20:47", "end": "00:20:50", "text": "businesses and how I'm using that for"}, {"start": "00:20:49", "end": "00:20:53", "text": "the other businesses that I'm actually"}, {"start": "00:20:50", "end": "00:20:55", "text": "helping out. on top of that everyday use"}, {"start": "00:20:53", "end": "00:20:58", "text": "and a little bit of investment stuff."}, {"start": "00:20:55", "end": "00:21:00", "text": "So, there's a link in the description,"}, {"start": "00:20:58", "end": "00:21:05", "text": "something like that. And we're going to"}, {"start": "00:21:00", "end": "00:21:06", "text": "be doing a um uh premiere in roughly 10"}, {"start": "00:21:05", "end": "00:21:08", "text": "minutes over there. So, we got to get"}, {"start": "00:21:06", "end": "00:21:09", "text": "going. So, if you want to watch that"}, {"start": "00:21:08", "end": "00:21:11", "text": "with me, I'll be there to answer all"}, {"start": "00:21:09", "end": "00:21:12", "text": "your questions about AI and we'll go"}, {"start": "00:21:11", "end": "00:21:15", "text": "from there. But that's it for today. So,"}, {"start": "00:21:12", "end": "00:21:17", "text": "look, if you like today's video, very"}, {"start": "00:21:15", "end": "00:21:19", "text": "few of you who are here,"}, {"start": "00:21:17", "end": "00:21:21", "text": "drop a like and subscribe. And now we'll"}, {"start": "00:21:19", "end": "00:21:23", "text": "get into a little Q&A. I'll answer all"}, {"start": "00:21:21", "end": "00:21:26", "text": "your questions and uh we'll get out of"}, {"start": "00:21:23", "end": "00:21:29", "text": "here. All right, what do we got?"}, {"start": "00:21:26", "end": "00:21:31", "text": "Let's see. Q's"}, {"start": "00:21:29", "end": "00:21:34", "text": "and a lot of a lot of people here."}, {"start": "00:21:31", "end": "00:21:37", "text": "Digital golfers here been on the big"}, {"start": "00:21:34", "end": "00:21:41", "text": "dip. Johnny no good. Everybody's saying"}, {"start": "00:21:37", "end": "00:21:44", "text": "morning. Hello. Oh, wow. Robert's here."}, {"start": "00:21:41", "end": "00:21:48", "text": "It's been a long time. I remember that"}, {"start": "00:21:44", "end": "00:21:53", "text": "Robert stepped in at 169. Yeah, exactly."}, {"start": "00:21:48", "end": "00:21:55", "text": "Don't dance on my hat. Hello."}, {"start": "00:21:53", "end": "00:21:58", "text": "Yeah, I just think that uh Jamie"}, {"start": "00:21:55", "end": "00:22:00", "text": "Diamond's like, look, we make a lot of"}, {"start": "00:21:58", "end": "00:22:02", "text": "our our money from the loans that we put"}, {"start": "00:22:00", "end": "00:22:04", "text": "out, whether that be small business or"}, {"start": "00:22:02", "end": "00:22:07", "text": "mortgage loans and things like that. At"}, {"start": "00:22:04", "end": "00:22:09", "text": "6% is pretty good. We don't want to lose"}, {"start": "00:22:07", "end": "00:22:11", "text": "that opportunity, especially with stable"}, {"start": "00:22:09", "end": "00:22:13", "text": "coins. They're eating our lunch. So, we"}, {"start": "00:22:11", "end": "00:22:14", "text": "are going to fight that tooth and nail"}, {"start": "00:22:13", "end": "00:22:16", "text": "to keep things going. Imagine the"}, {"start": "00:22:14", "end": "00:22:19", "text": "revenue that is lost which is going to"}, {"start": "00:22:16", "end": "00:22:20", "text": "go to Circle and Tether and all the"}, {"start": "00:22:19", "end": "00:22:22", "text": "different other banks that are going to"}, {"start": "00:22:20", "end": "00:22:23", "text": "kind of pop up these new NEO banks and"}, {"start": "00:22:22", "end": "00:22:26", "text": "they're going to be able to actually"}, {"start": "00:22:23", "end": "00:22:29", "text": "back the stable coins one to one. That's"}, {"start": "00:22:26", "end": "00:22:31", "text": "a pretty big thing. And also people are"}, {"start": "00:22:29", "end": "00:22:32", "text": "always like why do you care about the"}, {"start": "00:22:31", "end": "00:22:34", "text": "stable coins so much? It's not so much"}, {"start": "00:22:32", "end": "00:22:36", "text": "the stable coins per se and the banks. I"}, {"start": "00:22:34", "end": "00:22:37", "text": "mean"}, {"start": "00:22:36", "end": "00:22:38", "text": "I mean I have friends who work in the"}, {"start": "00:22:37", "end": "00:22:40", "text": "banks. They're actually very nice"}, {"start": "00:22:38", "end": "00:22:43", "text": "people. I mean the banks themselves kind"}, {"start": "00:22:40", "end": "00:22:46", "text": "of suck but the people are good."}, {"start": "00:22:43", "end": "00:22:48", "text": "When I look at the stable coins USDC and"}, {"start": "00:22:46", "end": "00:22:51", "text": "tether, there are four that are built on"}, {"start": "00:22:48", "end": "00:22:52", "text": "the rails. And those rails, if we take a"}, {"start": "00:22:51", "end": "00:22:54", "text": "look at it, just go to visa onchain"}, {"start": "00:22:52", "end": "00:22:56", "text": "analytics.com. You can see that it's"}, {"start": "00:22:54", "end": "00:22:58", "text": "always the same thing. Binance,"}, {"start": "00:22:56", "end": "00:23:00", "text": "Ethereum, sonatron, which I call the"}, {"start": "00:22:58", "end": "00:23:02", "text": "best, Binance, Ethereum, Sanatron. Now,"}, {"start": "00:23:00", "end": "00:23:04", "text": "there's a dichotomy there between the"}, {"start": "00:23:02", "end": "00:23:06", "text": "best, which is the first one, which is a"}, {"start": "00:23:04", "end": "00:23:09", "text": "B. Base is kind of eating into that,"}, {"start": "00:23:06", "end": "00:23:11", "text": "which is Brian Armstrong and Coinbase."}, {"start": "00:23:09", "end": "00:23:13", "text": "So you can't really invest. You can't"}, {"start": "00:23:11", "end": "00:23:15", "text": "invest into base the token. There is no"}, {"start": "00:23:13", "end": "00:23:17", "text": "token. You can invest in Coinbase if you"}, {"start": "00:23:15", "end": "00:23:19", "text": "wanted to. But then you take a look at"}, {"start": "00:23:17", "end": "00:23:20", "text": "okay well maybe then take a look at"}, {"start": "00:23:19", "end": "00:23:23", "text": "Ethereum. Bad choice even though there's"}, {"start": "00:23:20", "end": "00:23:25", "text": "a lot of hacks uh on their different"}, {"start": "00:23:23", "end": "00:23:27", "text": "protocols. Not Ethereum itself but the"}, {"start": "00:23:25", "end": "00:23:30", "text": "ones that are being built layer 2s"}, {"start": "00:23:27", "end": "00:23:31", "text": "Salana and Tron. And speaking of Tron,"}, {"start": "00:23:30", "end": "00:23:33", "text": "if you take a look at it over the last"}, {"start": "00:23:31", "end": "00:23:36", "text": "year, but like we just took a look at uh"}, {"start": "00:23:33", "end": "00:23:37", "text": "you know the S&P 500, we look at uh the"}, {"start": "00:23:36", "end": "00:23:39", "text": "Russell."}, {"start": "00:23:37", "end": "00:23:40", "text": "Do you know how well Tron is? Let me"}, {"start": "00:23:39", "end": "00:23:44", "text": "just show you. I don't know why I just"}, {"start": "00:23:40", "end": "00:23:44", "text": "keep talking about it."}, {"start": "00:23:46", "end": "00:23:50", "text": "Tron,"}, {"start": "00:23:48", "end": "00:23:51", "text": "which everybody was asking like why?"}, {"start": "00:23:50", "end": "00:23:52", "text": "Like I've been talking about this for a"}, {"start": "00:23:51", "end": "00:23:55", "text": "while now. Like why do you care about"}, {"start": "00:23:52", "end": "00:23:57", "text": "Tron? I don't care about Tron. I care"}, {"start": "00:23:55", "end": "00:24:00", "text": "about my bags. And over one year it's up"}, {"start": "00:23:57", "end": "00:24:02", "text": "26%."}, {"start": "00:24:00", "end": "00:24:05", "text": "So just saying there's some things out"}, {"start": "00:24:02", "end": "00:24:06", "text": "there that actually work out."}, {"start": "00:24:05", "end": "00:24:09", "text": "Alrighty."}, {"start": "00:24:06", "end": "00:24:09", "text": "Low"}, {"start": "00:24:11", "end": "00:24:16", "text": "Johnny no gooden says Bitcoin at 1"}, {"start": "00:24:13", "end": "00:24:18", "text": "million per coin is still only 65% of"}, {"start": "00:24:16", "end": "00:24:20", "text": "gold's valuation."}, {"start": "00:24:18", "end": "00:24:23", "text": "I'll take it. I don't think it's going"}, {"start": "00:24:20", "end": "00:24:26", "text": "to reach that anytime soon. But we could"}, {"start": "00:24:23", "end": "00:24:28", "text": "see it. Although since we all know about"}, {"start": "00:24:26", "end": "00:24:30", "text": "the M2 money supply and how the"}, {"start": "00:24:28", "end": "00:24:35", "text": "government debases our currency, don't"}, {"start": "00:24:30", "end": "00:24:35", "text": "see why it couldn't go to a million."}, {"start": "00:24:38", "end": "00:24:41", "text": "Mary says, \"Mark is unto himself a"}, {"start": "00:24:40", "end": "00:24:45", "text": "conservative mostly. He's a"}, {"start": "00:24:41", "end": "00:24:48", "text": "businessman.\" That's true. I have"}, {"start": "00:24:45", "end": "00:24:49", "text": "nothing against him. It's just that he"}, {"start": "00:24:48", "end": "00:24:51", "text": "just probably looked at his, you know,"}, {"start": "00:24:49", "end": "00:24:53", "text": "if he hadn't sold and taken some"}, {"start": "00:24:51", "end": "00:24:56", "text": "profits, probably like, why the heck did"}, {"start": "00:24:53", "end": "00:24:57", "text": "Bitcoin go down 40% in four months,"}, {"start": "00:24:56", "end": "00:25:01", "text": "especially when there's wars coming in?"}, {"start": "00:24:57", "end": "00:25:03", "text": "Should be a riskoff asset. I get it. But"}, {"start": "00:25:01", "end": "00:25:04", "text": "then same thing with gold. First couple"}, {"start": "00:25:03", "end": "00:25:06", "text": "days it actually rose up. be like, \"Ah,"}, {"start": "00:25:04", "end": "00:25:09", "text": "riskoff asset.\" And then we just took a"}, {"start": "00:25:06", "end": "00:25:12", "text": "look at it and it actually went down."}, {"start": "00:25:09", "end": "00:25:14", "text": "These things happen."}, {"start": "00:25:12", "end": "00:25:15", "text": "Yeah,"}, {"start": "00:25:14", "end": "00:25:16", "text": "Claude is my buddy in all things that"}, {"start": "00:25:15", "end": "00:25:19", "text": "need automation. And I got to tell you,"}, {"start": "00:25:16", "end": "00:25:21", "text": "I know there's a there's a trick, Echo,"}, {"start": "00:25:19", "end": "00:25:23", "text": "and everybody should know this. I've"}, {"start": "00:25:21", "end": "00:25:25", "text": "been tracking Claude"}, {"start": "00:25:23", "end": "00:25:26", "text": "and if you haven't used Claude, it's 20"}, {"start": "00:25:25", "end": "00:25:29", "text": "like there's a free version. There's a"}, {"start": "00:25:26", "end": "00:25:30", "text": "20 bucks a month. 20 bucks a month I"}, {"start": "00:25:29", "end": "00:25:33", "text": "think most of us can afford. It's not"}, {"start": "00:25:30", "end": "00:25:35", "text": "going to kill us."}, {"start": "00:25:33", "end": "00:25:37", "text": "But the problem is with the 20 bucks a"}, {"start": "00:25:35", "end": "00:25:39", "text": "month, there's there's cloud chat, which"}, {"start": "00:25:37", "end": "00:25:40", "text": "I don't really ever ever use. There's"}, {"start": "00:25:39", "end": "00:25:44", "text": "cloud co-work, which I used to use a"}, {"start": "00:25:40", "end": "00:25:46", "text": "lot. There's cloud code. And I have"}, {"start": "00:25:44", "end": "00:25:48", "text": "taken the same skills, roughly the same"}, {"start": "00:25:46", "end": "00:25:51", "text": "time, and it spits out the same amount"}, {"start": "00:25:48", "end": "00:25:54", "text": "of essentially usage of tokens, not the"}, {"start": "00:25:51", "end": "00:25:56", "text": "same as tokens, same usage. And I can"}, {"start": "00:25:54", "end": "00:25:58", "text": "see that co-work like just to run the"}, {"start": "00:25:56", "end": "00:25:59", "text": "Dan Daily Show, which used to take me"}, {"start": "00:25:58", "end": "00:26:01", "text": "four or five hours, now it takes me 30"}, {"start": "00:25:59", "end": "00:26:02", "text": "to 45 minutes. I just use Claude to do"}, {"start": "00:26:01", "end": "00:26:05", "text": "it."}, {"start": "00:26:02", "end": "00:26:09", "text": "When I do that in co-work, it eats up"}, {"start": "00:26:05", "end": "00:26:12", "text": "roughly 16 to 20% of my allowance for"}, {"start": "00:26:09", "end": "00:26:14", "text": "the five hours on cloud co-work. I can"}, {"start": "00:26:12", "end": "00:26:17", "text": "do the same skill, the same thing, the"}, {"start": "00:26:14", "end": "00:26:22", "text": "same questions over on code and it takes"}, {"start": "00:26:17", "end": "00:26:23", "text": "me 2%. So echo, if you're using this,"}, {"start": "00:26:22", "end": "00:26:24", "text": "these are the things I'm going to talk"}, {"start": "00:26:23", "end": "00:26:26", "text": "about on the other channel. I don't want"}, {"start": "00:26:24", "end": "00:26:28", "text": "to I don't want to muddle this channel"}, {"start": "00:26:26", "end": "00:26:30", "text": "with digital assets and AI. It just"}, {"start": "00:26:28", "end": "00:26:31", "text": "doesn't make any sense. I'm just going"}, {"start": "00:26:30", "end": "00:26:33", "text": "to make a channel over there and show"}, {"start": "00:26:31", "end": "00:26:36", "text": "people what we're doing. Also, the"}, {"start": "00:26:33", "end": "00:26:39", "text": "different businesses."}, {"start": "00:26:36", "end": "00:26:41", "text": "Should that be fun? Let's see. Ghost is"}, {"start": "00:26:39", "end": "00:26:43", "text": "right. One can't go wrong with uh"}, {"start": "00:26:41", "end": "00:26:46", "text": "Bitcoin and gold. It's actually a pretty"}, {"start": "00:26:43", "end": "00:26:48", "text": "combo, right? Bitcoin and gold, Bitcoin,"}, {"start": "00:26:46", "end": "00:26:50", "text": "gold, silver, or like we talked about on"}, {"start": "00:26:48", "end": "00:26:55", "text": "the other channel, Bitcoin, gold,"}, {"start": "00:26:50", "end": "00:26:55", "text": "silver, and copper."}, {"start": "00:26:56", "end": "00:27:00", "text": "Bots in chat."}, {"start": "00:26:58", "end": "00:27:03", "text": "Mullet. I don't know if he's still in"}, {"start": "00:27:00", "end": "00:27:03", "text": "Florida."}, {"start": "00:27:03", "end": "00:27:08", "text": "I don't see an emperor."}, {"start": "00:27:06", "end": "00:27:09", "text": "That's because co-pilot sucks."}, {"start": "00:27:08", "end": "00:27:12", "text": "Well, co-pilot, I think that's in"}, {"start": "00:27:09", "end": "00:27:14", "text": "Microsoft. I've never used that myself."}, {"start": "00:27:12", "end": "00:27:16", "text": "Co-work has worked pretty well. Just it"}, {"start": "00:27:14", "end": "00:27:19", "text": "eats up all my tokens."}, {"start": "00:27:16", "end": "00:27:21", "text": "Let's talk about crypto. Yeah. Or AI."}, {"start": "00:27:19", "end": "00:27:23", "text": "No, no, no. This one's just crypto"}, {"start": "00:27:21", "end": "00:27:26", "text": "because as much as things are going well"}, {"start": "00:27:23", "end": "00:27:31", "text": "in AI, I still think there's more upside"}, {"start": "00:27:26", "end": "00:27:33", "text": "potential for crypto digital assets. I"}, {"start": "00:27:31", "end": "00:27:36", "text": "think a lot of the AI"}, {"start": "00:27:33", "end": "00:27:39", "text": "the IPOs seem dangerous,"}, {"start": "00:27:36", "end": "00:27:42", "text": "especially with uh with the merger of"}, {"start": "00:27:39", "end": "00:27:44", "text": "SpaceX and XAI and maybe even Tesla into"}, {"start": "00:27:42", "end": "00:27:48", "text": "one big thing. It could work out pretty"}, {"start": "00:27:44", "end": "00:27:50", "text": "well. Um but it's a risky play. I still"}, {"start": "00:27:48", "end": "00:27:54", "text": "see it like the infrastructure, the"}, {"start": "00:27:50", "end": "00:27:56", "text": "energy production, the chips, even the"}, {"start": "00:27:54", "end": "00:27:57", "text": "construction of these data centers. I"}, {"start": "00:27:56", "end": "00:27:59", "text": "think that's the big play because if you"}, {"start": "00:27:57", "end": "00:28:01", "text": "look at the amount of energy consumption"}, {"start": "00:27:59", "end": "00:28:02", "text": "that's going to be needed in the next"}, {"start": "00:28:01", "end": "00:28:04", "text": "three to five and going out"}, {"start": "00:28:02", "end": "00:28:09", "text": "extrapolating that out to 10 years, it's"}, {"start": "00:28:04", "end": "00:28:09", "text": "a lot unless we start making a bunch of"}, {"start": "00:28:11", "end": "00:28:16", "text": "let's start making a bunch of uh nuclear"}, {"start": "00:28:13", "end": "00:28:18", "text": "power plants."}, {"start": "00:28:16", "end": "00:28:20", "text": "I got no problem with that."}, {"start": "00:28:18", "end": "00:28:23", "text": "Joan says, \"We've made a tremendous"}, {"start": "00:28:20", "end": "00:28:25", "text": "Edwin as far as Bitcoin, the blockchain"}, {"start": "00:28:23", "end": "00:28:26", "text": "the last four years. Give it four years"}, {"start": "00:28:25", "end": "00:28:30", "text": "of AI. What do you think it's going to"}, {"start": "00:28:26", "end": "00:28:33", "text": "be?\" I think they work together."}, {"start": "00:28:30", "end": "00:28:37", "text": "I do. And I think u you know AI agents"}, {"start": "00:28:33", "end": "00:28:38", "text": "and payments on stable coins again and"}, {"start": "00:28:37", "end": "00:28:40", "text": "the different uh rails that are being"}, {"start": "00:28:38", "end": "00:28:41", "text": "built, those are the good ones. And also"}, {"start": "00:28:40", "end": "00:28:43", "text": "there's one I like to mention which I"}, {"start": "00:28:41", "end": "00:28:44", "text": "don't talk about too much which is"}, {"start": "00:28:43", "end": "00:28:50", "text": "Canton. We're talking about real world"}, {"start": "00:28:44", "end": "00:28:50", "text": "assets. Canton is uh the one to to watch"}, {"start": "00:28:52", "end": "00:28:58", "text": "copper"}, {"start": "00:28:54", "end": "00:29:02", "text": "rob you by SpaceX. I don't know. It's"}, {"start": "00:28:58", "end": "00:29:02", "text": "kind of like"}, {"start": "00:29:03", "end": "00:29:11", "text": "it's tough to bet against Elon."}, {"start": "00:29:08", "end": "00:29:12", "text": "It just is. Would I buy a lot of it? No."}, {"start": "00:29:11", "end": "00:29:15", "text": "Would I buy some of it? Sure. Sure, I'll"}, {"start": "00:29:12", "end": "00:29:17", "text": "throw some funds in there. Uh, but I"}, {"start": "00:29:15", "end": "00:29:19", "text": "think again the bigger play and again"}, {"start": "00:29:17", "end": "00:29:22", "text": "maybe it's just like the.com era, you"}, {"start": "00:29:19", "end": "00:29:24", "text": "know, like when everybody was buying"}, {"start": "00:29:22", "end": "00:29:27", "text": "stocks into these different different"}, {"start": "00:29:24", "end": "00:29:29", "text": "sites and and different companies that"}, {"start": "00:29:27", "end": "00:29:32", "text": "just switched from Liptin ICT to"}, {"start": "00:29:29", "end": "00:29:34", "text": "Liptin.com or whatever. Maybe it's a"}, {"start": "00:29:32", "end": "00:29:36", "text": "good idea just to put a little bit in,"}, {"start": "00:29:34", "end": "00:29:38", "text": "then wait for the eventual dump, which"}, {"start": "00:29:36", "end": "00:29:40", "text": "it always seems to do, and then uh"}, {"start": "00:29:38", "end": "00:29:42", "text": "dollar cost average and buy during the"}, {"start": "00:29:40", "end": "00:29:45", "text": "bare market. It's worked out pretty well"}, {"start": "00:29:42", "end": "00:29:48", "text": "for me so far."}, {"start": "00:29:45", "end": "00:29:50", "text": "And"}, {"start": "00:29:48", "end": "00:29:53", "text": "thank you everybody. That's it for"}, {"start": "00:29:50", "end": "00:29:54", "text": "today. Golfer says it rights correctly."}, {"start": "00:29:53", "end": "00:29:56", "text": "Let's go over I'm going to go over to"}, {"start": "00:29:54", "end": "00:29:57", "text": "the Dane channel and just watch this"}, {"start": "00:29:56", "end": "00:30:00", "text": "video. It's about 18 minutes or so of"}, {"start": "00:29:57", "end": "00:30:02", "text": "why I'm pivoting from the second channel"}, {"start": "00:30:00", "end": "00:30:04", "text": "from the more risky aspects into"}, {"start": "00:30:02", "end": "00:30:06", "text": "teaching businesses and b and people how"}, {"start": "00:30:04", "end": "00:30:08", "text": "to use AI and also some investments in"}, {"start": "00:30:06", "end": "00:30:10", "text": "AI. But that's it for today everybody."}, {"start": "00:30:08", "end": "00:30:12", "text": "Thanks so much. Links in the description"}, {"start": "00:30:10", "end": "00:30:14", "text": "for the other channel. I'll see you guys"}, {"start": "00:30:12", "end": "00:30:16", "text": "on the next one which should be tomorrow"}, {"start": "00:30:14", "end": "00:30:19", "text": "with Jerry Hall. Anyhow, adios. See you"}, {"start": "00:30:16", "end": "00:30:19", "text": "in the next one."}]

[{"start": "00:00:02", "end": "00:00:05", "text": "Well, everybody, looks like there are"}, {"start": "00:00:03", "end": "00:00:07", "text": "four catalysts that could really just"}, {"start": "00:00:05", "end": "00:00:09", "text": "sink"}, {"start": "00:00:07", "end": "00:00:11", "text": "or could actually moon your Bitcoin and"}, {"start": "00:00:09", "end": "00:00:12", "text": "your entire portfolio. We're going to"}, {"start": "00:00:11", "end": "00:00:16", "text": "talk about those today. Really what it"}, {"start": "00:00:12", "end": "00:00:17", "text": "comes down to is war, global adoption,"}, {"start": "00:00:16", "end": "00:00:19", "text": "regulation,"}, {"start": "00:00:17", "end": "00:00:22", "text": "and functionality, or actually utility."}, {"start": "00:00:19", "end": "00:00:25", "text": "It seems like there is a unified front"}, {"start": "00:00:22", "end": "00:00:28", "text": "coming from uh the Republican side of"}, {"start": "00:00:25", "end": "00:00:30", "text": "Congress as they are standing with the"}, {"start": "00:00:28", "end": "00:00:32", "text": "current president of the United States."}, {"start": "00:00:30", "end": "00:00:33", "text": "And it seems like this is the message"}, {"start": "00:00:32", "end": "00:00:35", "text": "that they want to put out. And I have to"}, {"start": "00:00:33", "end": "00:00:36", "text": "tell you, for the midterm election"}, {"start": "00:00:35", "end": "00:00:39", "text": "years, which is going on right now, this"}, {"start": "00:00:36", "end": "00:00:42", "text": "is a good choice for them for a unified"}, {"start": "00:00:39", "end": "00:00:44", "text": "front to actually get as many people to"}, {"start": "00:00:42", "end": "00:00:47", "text": "vote for them as humanly possible. As a"}, {"start": "00:00:44", "end": "00:00:50", "text": "reminder, the anti-crypto army backfired"}, {"start": "00:00:47", "end": "00:00:52", "text": "massively for Democrats, and I think"}, {"start": "00:00:50", "end": "00:00:53", "text": "this as a unified front is a positive"}, {"start": "00:00:52", "end": "00:00:55", "text": "thing, and also"}, {"start": "00:00:53", "end": "00:00:57", "text": "good for our bags. So, this isn't a"}, {"start": "00:00:55", "end": "00:01:00", "text": "political channel, but to get away from"}, {"start": "00:00:57", "end": "00:01:02", "text": "politics is damn near impossible. So,"}, {"start": "00:01:00", "end": "00:01:03", "text": "sometimes we have to talk about that."}, {"start": "00:01:02", "end": "00:01:04", "text": "This is from the Financial Services GOP"}, {"start": "00:01:03", "end": "00:01:06", "text": "as they come out and said the House"}, {"start": "00:01:04", "end": "00:01:08", "text": "passed the Clarity Act."}, {"start": "00:01:06", "end": "00:01:09", "text": "And of course, some people will see this"}, {"start": "00:01:08", "end": "00:01:11", "text": "and they're like, \"Oh, this is great."}, {"start": "00:01:09", "end": "00:01:13", "text": "The Clarity Act has been passed.\" No,"}, {"start": "00:01:11", "end": "00:01:15", "text": "no, it has not. The House passed it."}, {"start": "00:01:13", "end": "00:01:17", "text": "Senate still has to do some work."}, {"start": "00:01:15", "end": "00:01:19", "text": "Clarity Act because America cannot"}, {"start": "00:01:17", "end": "00:01:21", "text": "afford to lead the world in innovation"}, {"start": "00:01:19", "end": "00:01:23", "text": "while lagging behind its rules. It"}, {"start": "00:01:21", "end": "00:01:25", "text": "delivers clear market structure,"}, {"start": "00:01:23", "end": "00:01:26", "text": "stronger consumer protections, and"}, {"start": "00:01:25", "end": "00:01:29", "text": "certainly for innovators, all while"}, {"start": "00:01:26", "end": "00:01:31", "text": "keeping jobs and investments here at"}, {"start": "00:01:29", "end": "00:01:32", "text": "home. Now, it's time to finish the job,"}, {"start": "00:01:31", "end": "00:01:34", "text": "and good luck, cuz that is going to be"}, {"start": "00:01:32", "end": "00:01:36", "text": "quite a little uphill battle. As a"}, {"start": "00:01:34", "end": "00:01:37", "text": "reminder,"}, {"start": "00:01:36", "end": "00:01:40", "text": "uh the Senate Banking Committee, it"}, {"start": "00:01:37", "end": "00:01:42", "text": "actually got out of committee, no part"}, {"start": "00:01:40", "end": "00:01:43", "text": "thanks to Elizabeth Warren as she was"}, {"start": "00:01:42", "end": "00:01:45", "text": "trying to shoot this down, but there was"}, {"start": "00:01:43", "end": "00:01:47", "text": "two Democrats that came over and"}, {"start": "00:01:45", "end": "00:01:50", "text": "actually voted for this in line with"}, {"start": "00:01:47", "end": "00:01:53", "text": "Republicans, Ruben Gallego and uh Angela"}, {"start": "00:01:50", "end": "00:01:56", "text": "Alsobrooks. So, that was a uh a nice"}, {"start": "00:01:53", "end": "00:01:58", "text": "move for two of the Democrats, but as a"}, {"start": "00:01:56", "end": "00:02:00", "text": "reminder, Ruben and Angela have both"}, {"start": "00:01:58", "end": "00:02:02", "text": "said that even though we got this out of"}, {"start": "00:02:00", "end": "00:02:04", "text": "the committee, we will not be voting for"}, {"start": "00:02:02", "end": "00:02:08", "text": "this if the language is against our"}, {"start": "00:02:04", "end": "00:02:09", "text": "liking as the Senate bill comes out. And"}, {"start": "00:02:08", "end": "00:02:11", "text": "as a reminder, because we just talked"}, {"start": "00:02:09", "end": "00:02:13", "text": "about how they said that, \"Hey, the"}, {"start": "00:02:11", "end": "00:02:15", "text": "House has passed or the Clarity Act has"}, {"start": "00:02:13", "end": "00:02:18", "text": "passed.\" That's true."}, {"start": "00:02:15", "end": "00:02:21", "text": "It was passed on July 17th, 2025."}, {"start": "00:02:18", "end": "00:02:24", "text": "Now we have to integrate that, make that"}, {"start": "00:02:21", "end": "00:02:27", "text": "into a bill that can be passed by the"}, {"start": "00:02:24", "end": "00:02:31", "text": "Senate. And uh unfortunately, right now"}, {"start": "00:02:27", "end": "00:02:33", "text": "uh we've got a 53-45 split. We need a 60"}, {"start": "00:02:31", "end": "00:02:36", "text": "majority vote to get this to go through."}, {"start": "00:02:33", "end": "00:02:37", "text": "Now, I thought this would not pass."}, {"start": "00:02:36", "end": "00:02:39", "text": "Some might say a snowball's chance in"}, {"start": "00:02:37", "end": "00:02:42", "text": "H-E-double-hockey-sticks."}, {"start": "00:02:39", "end": "00:02:44", "text": "But maybe it could. And maybe because"}, {"start": "00:02:42", "end": "00:02:46", "text": "the Democrats have realized that maybe"}, {"start": "00:02:44", "end": "00:02:47", "text": "this is not such a great thing to vote"}, {"start": "00:02:46", "end": "00:02:49", "text": "against crypto, and they"}, {"start": "00:02:47", "end": "00:02:51", "text": "go across the aisle and come in and"}, {"start": "00:02:49", "end": "00:02:53", "text": "shake hands, and everybody has a big"}, {"start": "00:02:51", "end": "00:02:55", "text": "hug, and everybody's happy. And it's the"}, {"start": "00:02:53", "end": "00:02:58", "text": "Kumbaya"}, {"start": "00:02:55", "end": "00:03:00", "text": "Congress that we've all waited for."}, {"start": "00:02:58", "end": "00:03:02", "text": "Or maybe not. But if that happens, that"}, {"start": "00:03:00", "end": "00:03:04", "text": "would be fantastic. But again, it's an"}, {"start": "00:03:02", "end": "00:03:06", "text": "uphill battle, and looks like this could"}, {"start": "00:03:04", "end": "00:03:09", "text": "be sometime between"}, {"start": "00:03:06", "end": "00:03:10", "text": "uh late July, August. But we really do"}, {"start": "00:03:09", "end": "00:03:12", "text": "have this year, and we'll see where it"}, {"start": "00:03:10", "end": "00:03:14", "text": "goes. So, again, unified front. Looks"}, {"start": "00:03:12", "end": "00:03:16", "text": "like they're coming out. On top of that,"}, {"start": "00:03:14", "end": "00:03:19", "text": "the SEC came out. Paul Ardoin says, \"For"}, {"start": "00:03:16", "end": "00:03:20", "text": "too long the SEC was at odds with new"}, {"start": "00:03:19", "end": "00:03:22", "text": "tech innovation.\""}, {"start": "00:03:20", "end": "00:03:23", "text": "That era is over."}, {"start": "00:03:22", "end": "00:03:24", "text": "Under Trump's leadership alongside"}, {"start": "00:03:23", "end": "00:03:26", "text": "colleagues across the admin and"}, {"start": "00:03:24", "end": "00:03:29", "text": "Congress, we deliver much-needed clarity"}, {"start": "00:03:26", "end": "00:03:31", "text": "to digital asset markets. So, great. So,"}, {"start": "00:03:29", "end": "00:03:32", "text": "now we got the SEC,"}, {"start": "00:03:31", "end": "00:03:34", "text": "and then we've got the Financial"}, {"start": "00:03:32", "end": "00:03:37", "text": "Services, the GOP, coming out in full"}, {"start": "00:03:34", "end": "00:03:39", "text": "support. And also, the CFTC came out"}, {"start": "00:03:37", "end": "00:03:40", "text": "today. Mike Celing, the chair, and says,"}, {"start": "00:03:39", "end": "00:03:42", "text": "\"In my first public remarks as CFTC"}, {"start": "00:03:40", "end": "00:03:44", "text": "chair, I made clear that the agency"}, {"start": "00:03:42", "end": "00:03:48", "text": "would use the tools at its disposal to"}, {"start": "00:03:44", "end": "00:03:49", "text": "onshore crypto asset"}, {"start": "00:03:48", "end": "00:03:51", "text": "perpetuals."}, {"start": "00:03:49", "end": "00:03:54", "text": "Today the CFTC delivered. This morning"}, {"start": "00:03:51", "end": "00:03:57", "text": "the CFTC took historic action to permit"}, {"start": "00:03:54", "end": "00:03:58", "text": "the listing of a true Bitcoin perpetual"}, {"start": "00:03:57", "end": "00:04:01", "text": "contract"}, {"start": "00:03:58", "end": "00:04:03", "text": "by a CFTC registered exchange. This is"}, {"start": "00:04:01", "end": "00:04:05", "text": "great news, right? Now, we have"}, {"start": "00:04:03", "end": "00:04:07", "text": "perpetuals."}, {"start": "00:04:05", "end": "00:04:09", "text": "We can do options globally. This looks"}, {"start": "00:04:07", "end": "00:04:11", "text": "pretty great. And because of this,"}, {"start": "00:04:09", "end": "00:04:14", "text": "everything's looks pretty good. So, who"}, {"start": "00:04:11", "end": "00:04:16", "text": "do you think got it?"}, {"start": "00:04:14", "end": "00:04:17", "text": "Which exchange do you think it was?"}, {"start": "00:04:16", "end": "00:04:19", "text": "Yeah, I didn't have this on my bingo"}, {"start": "00:04:17", "end": "00:04:21", "text": "card. Kalshi."}, {"start": "00:04:19", "end": "00:04:25", "text": "Kalshi the CFTC approves Bitcoin perp"}, {"start": "00:04:21", "end": "00:04:27", "text": "contract submitted by Kalshi X LLC,"}, {"start": "00:04:25", "end": "00:04:28", "text": "release number 9240. And I took a look"}, {"start": "00:04:27", "end": "00:04:32", "text": "at this and I'm like, that can't be"}, {"start": "00:04:28", "end": "00:04:34", "text": "right. But, when I go to"}, {"start": "00:04:32", "end": "00:04:37", "text": "the actual official account of John"}, {"start": "00:04:34", "end": "00:04:38", "text": "Wang, head of crypto at Kalshi, guess"}, {"start": "00:04:37", "end": "00:04:39", "text": "what?"}, {"start": "00:04:38", "end": "00:04:42", "text": "That is true."}, {"start": "00:04:39", "end": "00:04:44", "text": "So, Kalshi was the one that was awarded"}, {"start": "00:04:42", "end": "00:04:45", "text": "Bitcoin perpetual contracts. And he"}, {"start": "00:04:44", "end": "00:04:47", "text": "states, \"Most of my Wall Street friends"}, {"start": "00:04:45", "end": "00:04:50", "text": "still don't know what perp perps are."}, {"start": "00:04:47", "end": "00:04:53", "text": "99.9% of America has been locked out by"}, {"start": "00:04:50", "end": "00:04:54", "text": "VPNs and fiddle UX and crypto only"}, {"start": "00:04:53", "end": "00:04:57", "text": "funding just like 2025 was the year for"}, {"start": "00:04:54", "end": "00:05:00", "text": "prediction markets. 2026 will be the"}, {"start": "00:04:57", "end": "00:05:01", "text": "year like the perpetuals truly go"}, {"start": "00:05:00", "end": "00:05:02", "text": "mainstream. So, if you're not familiar"}, {"start": "00:05:01", "end": "00:05:05", "text": "with the perp perpetuals, they're a"}, {"start": "00:05:02", "end": "00:05:07", "text": "derivatives. They are derived from an"}, {"start": "00:05:05", "end": "00:05:09", "text": "actual real asset called Bitcoin. It's"}, {"start": "00:05:07", "end": "00:05:10", "text": "just being a spot where they actually"}, {"start": "00:05:09", "end": "00:05:13", "text": "have to hold Bitcoin. Perps don't do"}, {"start": "00:05:10", "end": "00:05:15", "text": "that stuff. It's just I think it's like"}, {"start": "00:05:13", "end": "00:05:15", "text": "institutional gambling, personally. But,"}, {"start": "00:05:15", "end": "00:05:17", "text": "you can correct me in the comments"}, {"start": "00:05:15", "end": "00:05:19", "text": "section. This is how I see it. And you"}, {"start": "00:05:17", "end": "00:05:21", "text": "got a funding fee for which will pay for"}, {"start": "00:05:19", "end": "00:05:23", "text": "the shorts. Funding fee shorts pays to"}, {"start": "00:05:21", "end": "00:05:24", "text": "longs and it kind of keeps the the"}, {"start": "00:05:23", "end": "00:05:26", "text": "balance of the of of the actual spot"}, {"start": "00:05:24", "end": "00:05:29", "text": "price in conjunction. Then, you have"}, {"start": "00:05:26", "end": "00:05:30", "text": "options, which you have a right to buy,"}, {"start": "00:05:29", "end": "00:05:31", "text": "a right to sell, but you're under no"}, {"start": "00:05:30", "end": "00:05:33", "text": "obligation, just the rights, but you got"}, {"start": "00:05:31", "end": "00:05:35", "text": "to pay for that."}, {"start": "00:05:33", "end": "00:05:37", "text": "And you can do calls and puts. Puts are"}, {"start": "00:05:35", "end": "00:05:39", "text": "the sells, calls are the buys."}, {"start": "00:05:37", "end": "00:05:40", "text": "And it's just a big teeter-totter. And"}, {"start": "00:05:39", "end": "00:05:42", "text": "essentially, what they're saying is"}, {"start": "00:05:40", "end": "00:05:45", "text": "like, \"Look, we're going to allow"}, {"start": "00:05:42", "end": "00:05:46", "text": "institutional gambling, so have at it.\""}, {"start": "00:05:45", "end": "00:05:49", "text": "So, congratulations to Kalshi."}, {"start": "00:05:46", "end": "00:05:51", "text": "Congratulations to the CFTC and the SEC"}, {"start": "00:05:49", "end": "00:05:54", "text": "working everybody together and we're"}, {"start": "00:05:51", "end": "00:05:56", "text": "actually making inroads into what those"}, {"start": "00:05:54", "end": "00:05:59", "text": "institutions want. Me personally, I"}, {"start": "00:05:56", "end": "00:06:01", "text": "couldn't care less about perpetuals,"}, {"start": "00:05:59", "end": "00:06:03", "text": "that's not my thing, but I know that"}, {"start": "00:06:01", "end": "00:06:07", "text": "brings adoption and that's what people"}, {"start": "00:06:03", "end": "00:06:09", "text": "want, so have at it. On top of that,"}, {"start": "00:06:07", "end": "00:06:10", "text": "Coinbase,"}, {"start": "00:06:09", "end": "00:06:12", "text": "they also going to do perpetuals. Big"}, {"start": "00:06:10", "end": "00:06:14", "text": "day for US-based traders and for"}, {"start": "00:06:12", "end": "00:06:17", "text": "Coinbase until now US users have been"}, {"start": "00:06:14", "end": "00:06:20", "text": "locked out of 80% of global crypto"}, {"start": "00:06:17", "end": "00:06:21", "text": "markets. I'm talking about perp futures"}, {"start": "00:06:20", "end": "00:06:23", "text": "and options."}, {"start": "00:06:21", "end": "00:06:26", "text": "Coinbase is the first and now only"}, {"start": "00:06:23", "end": "00:06:30", "text": "regulated platform able to connect US"}, {"start": "00:06:26", "end": "00:06:34", "text": "users to global crypto options and"}, {"start": "00:06:30", "end": "00:06:36", "text": "perpetual futures. So congratulations,"}, {"start": "00:06:34", "end": "00:06:37", "text": "Coinbase. This is good for everybody,"}, {"start": "00:06:36", "end": "00:06:39", "text": "right?"}, {"start": "00:06:37", "end": "00:06:41", "text": "Now,"}, {"start": "00:06:39", "end": "00:06:43", "text": "from the blog post, Coinbase brings"}, {"start": "00:06:41", "end": "00:06:44", "text": "global crypto derivatives to the US"}, {"start": "00:06:43", "end": "00:06:47", "text": "market."}, {"start": "00:06:44", "end": "00:06:48", "text": "Institutional clients can begin"}, {"start": "00:06:47", "end": "00:06:50", "text": "onboarding today. So I don't know if you"}, {"start": "00:06:48", "end": "00:06:53", "text": "are part of the institutions, but if"}, {"start": "00:06:50", "end": "00:06:54", "text": "it's for the just the retail, the plebs,"}, {"start": "00:06:53", "end": "00:06:55", "text": "you're not going to be have access to"}, {"start": "00:06:54", "end": "00:06:57", "text": "that. Again, that might be something for"}, {"start": "00:06:55", "end": "00:06:59", "text": "some people, just not for me. So again,"}, {"start": "00:06:57", "end": "00:07:01", "text": "things are moving in the right"}, {"start": "00:06:59", "end": "00:07:05", "text": "direction."}, {"start": "00:07:01", "end": "00:07:06", "text": "And unfortunately, maybe the war"}, {"start": "00:07:05", "end": "00:07:09", "text": "I I don't know if I can even call it a"}, {"start": "00:07:06", "end": "00:07:11", "text": "war because that's not what Congress has"}, {"start": "00:07:09", "end": "00:07:13", "text": "designated it as,"}, {"start": "00:07:11", "end": "00:07:15", "text": "but it looks like it's Groundhog Day"}, {"start": "00:07:13", "end": "00:07:17", "text": "again and we might actually have a"}, {"start": "00:07:15", "end": "00:07:18", "text": "resolution. This is from the White"}, {"start": "00:07:17", "end": "00:07:20", "text": "House, just came out roughly an hour"}, {"start": "00:07:18", "end": "00:07:22", "text": "ago. \"Iran must agree that they will"}, {"start": "00:07:20", "end": "00:07:24", "text": "never have a nuclear weapon or bomb. I"}, {"start": "00:07:22", "end": "00:07:27", "text": "will be meeting now in the Situation"}, {"start": "00:07:24", "end": "00:07:31", "text": "Room to make a final determination.\""}, {"start": "00:07:27", "end": "00:07:33", "text": "Presidente Donald J. Trump. So it looks"}, {"start": "00:07:31", "end": "00:07:35", "text": "like there is"}, {"start": "00:07:33", "end": "00:07:36", "text": "I can't even say this is actually"}, {"start": "00:07:35", "end": "00:07:38", "text": "happening. How many times have we heard"}, {"start": "00:07:36", "end": "00:07:40", "text": "this now?"}, {"start": "00:07:38", "end": "00:07:41", "text": "Seven, eight times that there's going"}, {"start": "00:07:40", "end": "00:07:42", "text": "going a peace treaty and that's going to"}, {"start": "00:07:41", "end": "00:07:44", "text": "go through."}, {"start": "00:07:42", "end": "00:07:46", "text": "Anyhow, let's see what happens. I'm not"}, {"start": "00:07:44", "end": "00:07:47", "text": "holding my breath."}, {"start": "00:07:46", "end": "00:07:49", "text": "But,"}, {"start": "00:07:47", "end": "00:07:52", "text": "to finish up,"}, {"start": "00:07:49", "end": "00:07:54", "text": "uh not good news for altcoin holders"}, {"start": "00:07:52", "end": "00:07:57", "text": "such as Sui. I didn't know this, but Sui"}, {"start": "00:07:54", "end": "00:07:59", "text": "mainnet was hit by a second consecutive"}, {"start": "00:07:57", "end": "00:08:00", "text": "network stall. I actually own some Sui,"}, {"start": "00:07:59", "end": "00:08:03", "text": "not that much."}, {"start": "00:08:00", "end": "00:08:05", "text": "But, uh that's not a good news. If"}, {"start": "00:08:03", "end": "00:08:07", "text": "you're a Sui holder or you're into DeFi"}, {"start": "00:08:05", "end": "00:08:08", "text": "or you're into the things that Sui is"}, {"start": "00:08:07", "end": "00:08:11", "text": "actually"}, {"start": "00:08:08", "end": "00:08:14", "text": "reported to actually bring about, this"}, {"start": "00:08:11", "end": "00:08:16", "text": "is not good news for you. You had two"}, {"start": "00:08:14", "end": "00:08:18", "text": "network stalls."}, {"start": "00:08:16", "end": "00:08:22", "text": "The mainnet is currently experiencing a"}, {"start": "00:08:18", "end": "00:08:24", "text": "total network stall with all transaction"}, {"start": "00:08:22", "end": "00:08:27", "text": "activity officially paused. This"}, {"start": "00:08:24", "end": "00:08:29", "text": "disruption marks the second significant"}, {"start": "00:08:27", "end": "00:08:31", "text": "outage for the network in less than 48"}, {"start": "00:08:29", "end": "00:08:32", "text": "hours,"}, {"start": "00:08:31", "end": "00:08:34", "text": "impacting thousands of dApps and Sui"}, {"start": "00:08:32", "end": "00:08:36", "text": "liquidity pools, which I found"}, {"start": "00:08:34", "end": "00:08:37", "text": "interesting because Sui has been pretty"}, {"start": "00:08:36", "end": "00:08:40", "text": "stable that I've heard about. I don't"}, {"start": "00:08:37", "end": "00:08:42", "text": "know what these two things happened, but"}, {"start": "00:08:40", "end": "00:08:44", "text": "you know, if you're investing into Sui"}, {"start": "00:08:42", "end": "00:08:45", "text": "and you're an institution and you're on"}, {"start": "00:08:44", "end": "00:08:48", "text": "Wall Street or you're trying to"}, {"start": "00:08:45", "end": "00:08:49", "text": "integrate that into some bigger play,"}, {"start": "00:08:48", "end": "00:08:51", "text": "this isn't looking good for you for Sui."}, {"start": "00:08:49", "end": "00:08:52", "text": "Now, maybe they can fix it, maybe they"}, {"start": "00:08:51", "end": "00:08:54", "text": "can't. I mean, let's be honest, it's not"}, {"start": "00:08:52", "end": "00:08:55", "text": "like they're the only ones that have"}, {"start": "00:08:54", "end": "00:08:57", "text": "gone down. I know everybody in the"}, {"start": "00:08:55", "end": "00:08:59", "text": "comments section is, \"What about"}, {"start": "00:08:57", "end": "00:09:03", "text": "Solana?\" That's true, but as a reminder,"}, {"start": "00:08:59", "end": "00:09:05", "text": "Solana hasn't gone down in 2 years. So,"}, {"start": "00:09:03", "end": "00:09:08", "text": "just saying. And then, I just found this"}, {"start": "00:09:05", "end": "00:09:09", "text": "interesting because Sui"}, {"start": "00:09:08", "end": "00:09:12", "text": "and people have been posting this for"}, {"start": "00:09:09", "end": "00:09:15", "text": "some reason about how they were chosen"}, {"start": "00:09:12", "end": "00:09:17", "text": "for AI payment protocols by Google."}, {"start": "00:09:15", "end": "00:09:20", "text": "And I'm like, that's great, but that's"}, {"start": "00:09:17", "end": "00:09:22", "text": "old. That's from September 16th, 2025."}, {"start": "00:09:20", "end": "00:09:24", "text": "So, I know people are reposting this and"}, {"start": "00:09:22", "end": "00:09:25", "text": "that's great for Sui, but I got to tell"}, {"start": "00:09:24", "end": "00:09:26", "text": "you, if I'm Google, I'm looking at this"}, {"start": "00:09:25", "end": "00:09:27", "text": "like, \"Hey,"}, {"start": "00:09:26", "end": "00:09:29", "text": "that's not the greatest thing of all"}, {"start": "00:09:27", "end": "00:09:31", "text": "time.\" But, anyhow, hey, I'm just"}, {"start": "00:09:29", "end": "00:09:33", "text": "overblowing things. Let me know in the"}, {"start": "00:09:31", "end": "00:09:35", "text": "comments section. And lastly, before we"}, {"start": "00:09:33", "end": "00:09:38", "text": "get into the Q&A, I will be finally"}, {"start": "00:09:35", "end": "00:09:39", "text": "launching the second YouTube channel."}, {"start": "00:09:38", "end": "00:09:42", "text": "Now, we had a channel before the second"}, {"start": "00:09:39", "end": "00:09:44", "text": "channel before this one after this one."}, {"start": "00:09:42", "end": "00:09:45", "text": "It's called Dan D Gen and we talked a"}, {"start": "00:09:44", "end": "00:09:47", "text": "lot about the more riskier aspects of"}, {"start": "00:09:45", "end": "00:09:49", "text": "digital assets. I haven't done a video"}, {"start": "00:09:47", "end": "00:09:53", "text": "over there in over a year. I've just"}, {"start": "00:09:49", "end": "00:09:54", "text": "been kind of out of the risky aspect of"}, {"start": "00:09:53", "end": "00:09:57", "text": "of cryptocurrency and digital assets"}, {"start": "00:09:54", "end": "00:09:59", "text": "because I've just realized that 99.9%"}, {"start": "00:09:57", "end": "00:10:01", "text": "are going to go out"}, {"start": "00:09:59", "end": "00:10:03", "text": "and I didn't really want to invest more"}, {"start": "00:10:01", "end": "00:10:05", "text": "into it. So, I just let that channel go."}, {"start": "00:10:03", "end": "00:10:07", "text": "However, as I've been using AI more and"}, {"start": "00:10:05", "end": "00:10:08", "text": "more, I started off with open claw. I"}, {"start": "00:10:07", "end": "00:10:10", "text": "didn't really like that too much. A"}, {"start": "00:10:08", "end": "00:10:12", "text": "little Hermes action and then of course"}, {"start": "00:10:10", "end": "00:10:14", "text": "we use the across the board perplexity"}, {"start": "00:10:12", "end": "00:10:17", "text": "and chat GPT and now taking a look at"}, {"start": "00:10:14", "end": "00:10:20", "text": "Google Gemini and also my personal"}, {"start": "00:10:17", "end": "00:10:23", "text": "favorite which is Anthropic's Claude"}, {"start": "00:10:20", "end": "00:10:26", "text": "code and Claude co-work the app. I'm"}, {"start": "00:10:23", "end": "00:10:28", "text": "launching the channel actually tomorrow."}, {"start": "00:10:26", "end": "00:10:30", "text": "So, we already have our first video out"}, {"start": "00:10:28", "end": "00:10:31", "text": "and um"}, {"start": "00:10:30", "end": "00:10:33", "text": "I'm excited to talk about it because"}, {"start": "00:10:31", "end": "00:10:35", "text": "this has helped my business and"}, {"start": "00:10:33", "end": "00:10:37", "text": "businesses that I've worked with."}, {"start": "00:10:35", "end": "00:10:39", "text": "And then also we can talk about AI"}, {"start": "00:10:37", "end": "00:10:41", "text": "investments"}, {"start": "00:10:39", "end": "00:10:43", "text": "and also just everyday use. So, I think"}, {"start": "00:10:41", "end": "00:10:45", "text": "for this one"}, {"start": "00:10:43", "end": "00:10:46", "text": "this won't be like a daily show. This"}, {"start": "00:10:45", "end": "00:10:48", "text": "will be like maybe"}, {"start": "00:10:46", "end": "00:10:50", "text": "maybe once or twice a week type of thing"}, {"start": "00:10:48", "end": "00:10:51", "text": "where I'll put some things in there"}, {"start": "00:10:50", "end": "00:10:53", "text": "about what works for me, what doesn't"}, {"start": "00:10:51", "end": "00:10:55", "text": "work, how I can save time and everything"}, {"start": "00:10:53", "end": "00:10:57", "text": "else in between. So, I'll let everybody"}, {"start": "00:10:55", "end": "00:10:59", "text": "know about that tomorrow as the first"}, {"start": "00:10:57", "end": "00:11:00", "text": "video drops, but that's it for today."}, {"start": "00:10:59", "end": "00:11:02", "text": "So, look,"}, {"start": "00:11:00", "end": "00:11:03", "text": "if you like today's video, give it a"}, {"start": "00:11:02", "end": "00:11:05", "text": "thumbs up. Consider subscribing. What we"}, {"start": "00:11:03", "end": "00:11:07", "text": "talked about is time sensitive, but"}, {"start": "00:11:05", "end": "00:11:08", "text": "that's it for this one. Now, let's get"}, {"start": "00:11:07", "end": "00:11:10", "text": "into a little Q&A. I'll answer all your"}, {"start": "00:11:08", "end": "00:11:12", "text": "questions to the best of my abilities."}, {"start": "00:11:10", "end": "00:11:15", "text": "Off we go."}, {"start": "00:11:12", "end": "00:11:15", "text": "All right."}, {"start": "00:11:17", "end": "00:11:22", "text": "I love I love that scene in Star Trek"}, {"start": "00:11:20", "end": "00:11:24", "text": "where Captain Kirk William Shatner is"}, {"start": "00:11:22", "end": "00:11:26", "text": "screaming Khan. Yeah, that's a good"}, {"start": "00:11:24", "end": "00:11:28", "text": "that's a good uh"}, {"start": "00:11:26", "end": "00:11:29", "text": "a good one. Which if you're asking like"}, {"start": "00:11:28", "end": "00:11:30", "text": "what is Rob talking about? Oh, that's"}, {"start": "00:11:29", "end": "00:11:32", "text": "the"}, {"start": "00:11:30", "end": "00:11:35", "text": "Pogo"}, {"start": "00:11:32", "end": "00:11:37", "text": "uh uh uh picture"}, {"start": "00:11:35", "end": "00:11:40", "text": "for his uh profile. Very nice."}, {"start": "00:11:37", "end": "00:11:40", "text": "Anyhow, what do we got?"}, {"start": "00:11:40", "end": "00:11:44", "text": "I just looks noticed that, Rob. Yeah."}, {"start": "00:11:43", "end": "00:11:45", "text": "Exactly."}, {"start": "00:11:44", "end": "00:11:47", "text": "I don't know what we're talking about,"}, {"start": "00:11:45", "end": "00:11:49", "text": "but if we're talking about Solana, it's"}, {"start": "00:11:47", "end": "00:11:52", "text": "true."}, {"start": "00:11:49", "end": "00:11:53", "text": "Doge says"}, {"start": "00:11:52", "end": "00:11:56", "text": "Bitcoin is dead, liquidate. He could be"}, {"start": "00:11:53", "end": "00:11:58", "text": "right. It might be dead. It's been dead"}, {"start": "00:11:56", "end": "00:12:02", "text": "many times."}, {"start": "00:11:58", "end": "00:12:05", "text": "Many many many times. Check this out."}, {"start": "00:12:02", "end": "00:12:09", "text": "There is this website"}, {"start": "00:12:05", "end": "00:12:11", "text": "called Bitcoin Obituaries. It's great."}, {"start": "00:12:09", "end": "00:12:13", "text": "When I'm in a bear market, I sometimes"}, {"start": "00:12:11", "end": "00:12:15", "text": "just kind of peruse that just to see"}, {"start": "00:12:13", "end": "00:12:17", "text": "what smarter people have thought than"}, {"start": "00:12:15", "end": "00:12:20", "text": "me. Which isn't very hard, I must admit."}, {"start": "00:12:17", "end": "00:12:22", "text": "But for Bitcoin Obituaries,"}, {"start": "00:12:20", "end": "00:12:24", "text": "uh Bitcoin has died 477 times. Now, this"}, {"start": "00:12:22", "end": "00:12:25", "text": "is all cute. You know, you got, you"}, {"start": "00:12:24", "end": "00:12:28", "text": "know,"}, {"start": "00:12:25", "end": "00:12:30", "text": "August 2025. Let's go to the beginning."}, {"start": "00:12:28", "end": "00:12:33", "text": "All the way right there. Right here."}, {"start": "00:12:30", "end": "00:12:36", "text": "Okay. So, August 2011,"}, {"start": "00:12:33", "end": "00:12:38", "text": "the Bitcoin is dying."}, {"start": "00:12:36", "end": "00:12:40", "text": "$10.95."}, {"start": "00:12:38", "end": "00:12:41", "text": "November 2011, The Rise and Fall of"}, {"start": "00:12:40", "end": "00:12:42", "text": "Bitcoin."}, {"start": "00:12:41", "end": "00:12:44", "text": "Just keep going. I love it because it"}, {"start": "00:12:42", "end": "00:12:46", "text": "shows you like the price is everybody"}, {"start": "00:12:44", "end": "00:12:48", "text": "saying this is stupid. Bitcoin is an"}, {"start": "00:12:46", "end": "00:12:51", "text": "amazing example of a bubble, Robert"}, {"start": "00:12:48", "end": "00:12:53", "text": "Shiller. At $797,"}, {"start": "00:12:51", "end": "00:12:55", "text": "Bitcoin fails as a currency. And the"}, {"start": "00:12:53", "end": "00:12:57", "text": "bubble will eventually pop, Seeking"}, {"start": "00:12:55", "end": "00:13:01", "text": "Alpha, $912. And then let's just keep"}, {"start": "00:12:57", "end": "00:13:03", "text": "going. 2015, Bitcoin will bite the dust."}, {"start": "00:13:01", "end": "00:13:05", "text": "$273.66"}, {"start": "00:13:03", "end": "00:13:08", "text": "in July for one."}, {"start": "00:13:05", "end": "00:13:10", "text": "Uh what else? 2017, Bitcoin is the"}, {"start": "00:13:08", "end": "00:13:11", "text": "world's second worst currency. That's a"}, {"start": "00:13:10", "end": "00:13:14", "text": "Actually looks something I'd actually"}, {"start": "00:13:11", "end": "00:13:16", "text": "like to read. $2,306"}, {"start": "00:13:14", "end": "00:13:20", "text": "for one Bitcoin."}, {"start": "00:13:16", "end": "00:13:20", "text": "What was this about Mark Cuban? Hold on."}, {"start": "00:13:20", "end": "00:13:22", "text": "Oh."}, {"start": "00:13:24", "end": "00:13:29", "text": ">> [laughter]"}, {"start": "00:13:26", "end": "00:13:33", "text": ">> June 2017, Mark Cuban calls Bitcoin a"}, {"start": "00:13:29", "end": "00:13:35", "text": "bubble, price falls to $2,741."}, {"start": "00:13:33", "end": "00:13:36", "text": "Then guess what he did? He bought it"}, {"start": "00:13:35", "end": "00:13:39", "text": "right back. Well, actually not right"}, {"start": "00:13:36", "end": "00:13:40", "text": "back. He bought it"}, {"start": "00:13:39", "end": "00:13:43", "text": "recently. Well, no, I I can't say it's"}, {"start": "00:13:40", "end": "00:13:44", "text": "recently. I know it was above $70,000."}, {"start": "00:13:43", "end": "00:13:46", "text": "And look, he could have bought it at"}, {"start": "00:13:44", "end": "00:13:48", "text": "$2,700"}, {"start": "00:13:46", "end": "00:13:49", "text": "and just shut his mouth."}, {"start": "00:13:48", "end": "00:13:52", "text": "I actually like Mark Cuban. I think he's"}, {"start": "00:13:49", "end": "00:13:53", "text": "doing great things for his pharmacy that"}, {"start": "00:13:52", "end": "00:13:55", "text": "he's rolling out nationwide."}, {"start": "00:13:53", "end": "00:13:56", "text": "I do I find it quite entertaining. But"}, {"start": "00:13:55", "end": "00:13:58", "text": "that's"}, {"start": "00:13:56", "end": "00:13:59", "text": "that's a bad look."}, {"start": "00:13:58", "end": "00:14:01", "text": "Anyhow. But Dash could be right. I mean,"}, {"start": "00:13:59", "end": "00:14:05", "text": "it could be dead."}, {"start": "00:14:01", "end": "00:14:07", "text": "It's been dead a lot, but who knows."}, {"start": "00:14:05", "end": "00:14:09", "text": "Alrighty."}, {"start": "00:14:07", "end": "00:14:11", "text": "Pogo lives. RIP Sui."}, {"start": "00:14:09", "end": "00:14:12", "text": "No, I'm not going to say Sui is dead"}, {"start": "00:14:11", "end": "00:14:14", "text": "because"}, {"start": "00:14:12", "end": "00:14:16", "text": "I mean, look, they're probably pushing"}, {"start": "00:14:14", "end": "00:14:19", "text": "the envelope. Something didn't go out"}, {"start": "00:14:16", "end": "00:14:21", "text": "didn't go perfectly and uh, you know,"}, {"start": "00:14:19", "end": "00:14:22", "text": "chain shut down. Here's the thing."}, {"start": "00:14:21", "end": "00:14:26", "text": "Really be think about it like this."}, {"start": "00:14:22", "end": "00:14:28", "text": "Like, has your bank ever shut down?"}, {"start": "00:14:26", "end": "00:14:29", "text": "Like, were you able to like not move any"}, {"start": "00:14:28", "end": "00:14:31", "text": "funds"}, {"start": "00:14:29", "end": "00:14:33", "text": "ever?"}, {"start": "00:14:31", "end": "00:14:35", "text": "Yes, it does. It's every Sunday."}, {"start": "00:14:33", "end": "00:14:38", "text": "And for most, every Saturday. Those are"}, {"start": "00:14:35", "end": "00:14:40", "text": "called bank holidays. So, like, if Sui"}, {"start": "00:14:38", "end": "00:14:42", "text": "goes down for a couple hours twice in"}, {"start": "00:14:40", "end": "00:14:43", "text": "48, I don't really"}, {"start": "00:14:42", "end": "00:14:45", "text": "care."}, {"start": "00:14:43", "end": "00:14:46", "text": "Uh, probably do just fine. It's better"}, {"start": "00:14:45", "end": "00:14:47", "text": "than a bank. But of course, that's not"}, {"start": "00:14:46", "end": "00:14:50", "text": "what everybody's looking for. They're"}, {"start": "00:14:47", "end": "00:14:51", "text": "looking for perfection. But couple"}, {"start": "00:14:50", "end": "00:14:53", "text": "months, no one will remember it. And you"}, {"start": "00:14:51", "end": "00:14:56", "text": "know why people won't remember it as"}, {"start": "00:14:53", "end": "00:14:57", "text": "time goes on? If it makes it and the"}, {"start": "00:14:56", "end": "00:14:59", "text": "numbers go up. That's really all people"}, {"start": "00:14:57", "end": "00:15:01", "text": "care about."}, {"start": "00:14:59", "end": "00:15:03", "text": "Uh, alright."}, {"start": "00:15:01", "end": "00:15:05", "text": "Thanks, man."}, {"start": "00:15:03", "end": "00:15:05", "text": "Yeah."}, {"start": "00:15:06", "end": "00:15:10", "text": "Cardano looks like it's poised to slip"}, {"start": "00:15:08", "end": "00:15:13", "text": "down the top 20."}, {"start": "00:15:10", "end": "00:15:13", "text": "How crazy is that?"}, {"start": "00:15:13", "end": "00:15:18", "text": "Wanted to subscribe. Thanks."}, {"start": "00:15:16", "end": "00:15:18", "text": "I'll take it."}, {"start": "00:15:19", "end": "00:15:21", "text": "Uh."}, {"start": "00:15:24", "end": "00:15:28", "text": ">> And what else I miss?"}, {"start": "00:15:27", "end": "00:15:30", "text": ">> [laughter]"}, {"start": "00:15:28", "end": "00:15:33", "text": ">> People looking for perfection and here I"}, {"start": "00:15:30", "end": "00:15:33", "text": "am, says Aristotle."}, {"start": "00:15:36", "end": "00:15:41", "text": "Nick says, \"Hey Rob, any update on how"}, {"start": "00:15:38", "end": "00:15:43", "text": "the new JP Morgan Bitcoin ETF is"}, {"start": "00:15:41", "end": "00:15:45", "text": "performing?\" Huh."}, {"start": "00:15:43", "end": "00:15:48", "text": "J"}, {"start": "00:15:45", "end": "00:15:48", "text": "JPM"}, {"start": "00:15:48", "end": "00:15:52", "text": "JPM"}, {"start": "00:15:49", "end": "00:15:52", "text": "Bitcoin ETF."}, {"start": "00:15:55", "end": "00:15:57", "text": "Actually, we should really take a look"}, {"start": "00:15:56", "end": "00:16:01", "text": "at all the ETFs. I know there was a"}, {"start": "00:15:57", "end": "00:16:01", "text": "major outflows."}, {"start": "00:16:02", "end": "00:16:06", "text": "Oh, JP Morgan does not issue its own"}, {"start": "00:16:04", "end": "00:16:08", "text": "proprietary ETF. The bank acts as a"}, {"start": "00:16:06", "end": "00:16:11", "text": "major holder, says a spokesperson and"}, {"start": "00:16:08", "end": "00:16:14", "text": "active market analyst for spot"}, {"start": "00:16:11", "end": "00:16:14", "text": "currently BlackRock's iShares."}, {"start": "00:16:20", "end": "00:16:25", "text": "Now, I see it right here. What is that?"}, {"start": "00:16:23", "end": "00:16:26", "text": "It's the problem with looking stuff up"}, {"start": "00:16:25", "end": "00:16:29", "text": "on the fly. Here's JP Morgan or"}, {"start": "00:16:26", "end": "00:16:32", "text": "chase.com. Explore crypto ETFs at JP"}, {"start": "00:16:29", "end": "00:16:32", "text": "Morgan."}, {"start": "00:16:32", "end": "00:16:35", "text": "Huh."}, {"start": "00:16:33", "end": "00:16:37", "text": "As much as Jamie Dimon talked about it"}, {"start": "00:16:35", "end": "00:16:39", "text": "and that and that he would fire anybody"}, {"start": "00:16:37", "end": "00:16:41", "text": "he found doing anything with crypto,"}, {"start": "00:16:39", "end": "00:16:43", "text": "seems to sure as heck embrace the heck"}, {"start": "00:16:41", "end": "00:16:45", "text": "out of it. Well,"}, {"start": "00:16:43", "end": "00:16:46", "text": "it's inevitable."}, {"start": "00:16:45", "end": "00:16:47", "text": "Congratulations everybody for front"}, {"start": "00:16:46", "end": "00:16:49", "text": "running everything. I know things are"}, {"start": "00:16:47", "end": "00:16:52", "text": "down right now, but"}, {"start": "00:16:49", "end": "00:16:55", "text": "shoot. I remember in 2022 when we had"}, {"start": "00:16:52", "end": "00:16:57", "text": "Luna would collapse and"}, {"start": "00:16:55", "end": "00:17:00", "text": "brought down so much and the FTX"}, {"start": "00:16:57", "end": "00:17:02", "text": "collapse and we had senators"}, {"start": "00:17:00", "end": "00:17:04", "text": "Elizabeth Warren and a whole host of"}, {"start": "00:17:02", "end": "00:17:06", "text": "different people talking about how we're"}, {"start": "00:17:04", "end": "00:17:09", "text": "we essentially ruined the economy and"}, {"start": "00:17:06", "end": "00:17:12", "text": "we're the worst piece of scum out there"}, {"start": "00:17:09", "end": "00:17:14", "text": "and it was just awful in 2022. But yet,"}, {"start": "00:17:12", "end": "00:17:17", "text": "Bitcoin goes down to 17K, jumps all the"}, {"start": "00:17:14", "end": "00:17:20", "text": "way back up to 125K. I remember when"}, {"start": "00:17:17", "end": "00:17:22", "text": "Solana was over 200 bucks, went down to"}, {"start": "00:17:20", "end": "00:17:24", "text": "9 bucks. Now look at it. I remember when"}, {"start": "00:17:22", "end": "00:17:26", "text": "ETH Well, ETH really didn't do too much."}, {"start": "00:17:24", "end": "00:17:29", "text": "Yeah."}, {"start": "00:17:26", "end": "00:17:31", "text": "Whole host of things. Tron, BNB, a lot"}, {"start": "00:17:29", "end": "00:17:33", "text": "of things just collapsed. But they rise"}, {"start": "00:17:31", "end": "00:17:35", "text": "again."}, {"start": "00:17:33", "end": "00:17:38", "text": "And that's it."}, {"start": "00:17:35", "end": "00:17:38", "text": "All right."}, {"start": "00:17:40", "end": "00:17:45", "text": "Doge is blank. Doge do-do. Dogey Doge."}, {"start": "00:17:44", "end": "00:17:47", "text": "Say what you want about Doge. I think"}, {"start": "00:17:45", "end": "00:17:49", "text": "it's still in the top I know it's in the"}, {"start": "00:17:47", "end": "00:17:51", "text": "top 15. So."}, {"start": "00:17:49", "end": "00:17:52", "text": "Take away uh"}, {"start": "00:17:51", "end": "00:17:54", "text": "stable coins, it's I think in the top"}, {"start": "00:17:52", "end": "00:17:56", "text": "10."}, {"start": "00:17:54", "end": "00:17:58", "text": "Tokenization deal with XLM with Stellar."}, {"start": "00:17:56", "end": "00:18:00", "text": "There's always a deal going on with XRP"}, {"start": "00:17:58", "end": "00:18:01", "text": "and XLM."}, {"start": "00:18:00", "end": "00:18:02", "text": "Yet that"}, {"start": "00:18:01", "end": "00:18:05", "text": "price is like a stable coin. Doesn't do"}, {"start": "00:18:02", "end": "00:18:05", "text": "much at all."}, {"start": "00:18:05", "end": "00:18:10", "text": "All right."}, {"start": "00:18:07", "end": "00:18:11", "text": "I think that's it, everybody. So look,"}, {"start": "00:18:10", "end": "00:18:13", "text": "like today's video, thumbs up,"}, {"start": "00:18:11", "end": "00:18:15", "text": "subscribe, all that great stuff."}, {"start": "00:18:13", "end": "00:18:17", "text": "Tomorrow we'll do a little quick uh live"}, {"start": "00:18:15", "end": "00:18:18", "text": "stream and then uh shuttle off to the"}, {"start": "00:18:17", "end": "00:18:20", "text": "other channel. But that's it for this"}, {"start": "00:18:18", "end": "00:18:23", "text": "one. Thanks everybody. See you in the"}, {"start": "00:18:20", "end": "00:18:23", "text": "next one. Adios."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Hello everybody. Welcome to another"}, {"start": "00:00:03", "end": "00:00:11", "text": "episode of NFA Live. I am joined as ever"}, {"start": "00:00:07", "end": "00:00:13", "text": "by Guy from Coin Bureau, Finance Bureau,"}, {"start": "00:00:11", "end": "00:00:14", "text": "Money Bureau, AI Bureau, Coin Bureau"}, {"start": "00:00:13", "end": "00:00:17", "text": "Podcast, Coin Bureau Trading, Coin"}, {"start": "00:00:14", "end": "00:00:20", "text": "Bureau Chinese, and Coin Bureau Espanol."}, {"start": "00:00:17", "end": "00:00:22", "text": "So, Guy, welcome to the show."}, {"start": "00:00:20", "end": "00:00:24", "text": ">> Thanks. I'm not on the I'm not on uh the"}, {"start": "00:00:22", "end": "00:00:25", "text": "Chinese channel. My Mandarin isn't good"}, {"start": "00:00:24", "end": "00:00:27", "text": "enough."}, {"start": "00:00:25", "end": "00:00:29", "text": ">> Ah, I'm sure I'm sure AI can make that"}, {"start": "00:00:27", "end": "00:00:31", "text": "work just wonderfully. And of course,"}, {"start": "00:00:29", "end": "00:00:33", "text": "we've got Ben from Into the Cryptoverse."}, {"start": "00:00:31", "end": "00:00:35", "text": "Ben, welcome back."}, {"start": "00:00:33", "end": "00:00:38", "text": ">> Thanks for having me."}, {"start": "00:00:35", "end": "00:00:42", "text": ">> Absolutely. So, it's kind of one of"}, {"start": "00:00:38", "end": "00:00:45", "text": "those days that uh is not looking so"}, {"start": "00:00:42", "end": "00:00:50", "text": "great, but very boring as we've uh taken"}, {"start": "00:00:45", "end": "00:00:52", "text": "along our little uh uh crypto adventure"}, {"start": "00:00:50", "end": "00:00:53", "text": "that we have. So, I just have some"}, {"start": "00:00:52", "end": "00:00:56", "text": "questions and we're going to go through"}, {"start": "00:00:53", "end": "00:00:57", "text": "this pretty quickly uh just to talk"}, {"start": "00:00:56", "end": "00:01:02", "text": "about what's happening. So the first"}, {"start": "00:00:57", "end": "00:01:04", "text": "question is this market is boring and uh"}, {"start": "00:01:02", "end": "00:01:07", "text": "I just want to get everybody's feeling"}, {"start": "00:01:04", "end": "00:01:10", "text": "like I kind of feel like this is and the"}, {"start": "00:01:07", "end": "00:01:14", "text": "data is trying to show this which is it"}, {"start": "00:01:10", "end": "00:01:17", "text": "seems like the markets themselves"}, {"start": "00:01:14", "end": "00:01:20", "text": "are quite uh moving in a very like"}, {"start": "00:01:17", "end": "00:01:22", "text": "linear uh manner. It doesn't seem like"}, {"start": "00:01:20", "end": "00:01:24", "text": "there's there's much action. I remember"}, {"start": "00:01:22", "end": "00:01:28", "text": "back in 2022, even though it was awful,"}, {"start": "00:01:24", "end": "00:01:30", "text": "we had a collapse of Celsius, Voyager,"}, {"start": "00:01:28", "end": "00:01:32", "text": "FTX, we had Luna collapse, we had"}, {"start": "00:01:30", "end": "00:01:34", "text": "everybody going to jail, at least it was"}, {"start": "00:01:32", "end": "00:01:35", "text": "entertaining, but right now it just"}, {"start": "00:01:34", "end": "00:01:37", "text": "seems like everything is pretty much"}, {"start": "00:01:35", "end": "00:01:40", "text": "moving sideways. As we take a look at"}, {"start": "00:01:37", "end": "00:01:44", "text": "the market, we can see that right now"}, {"start": "00:01:40", "end": "00:01:47", "text": "that Bitcoin is below 75 now at 73,423."}, {"start": "00:01:44", "end": "00:01:50", "text": "We had a drop of 3% in roughly 24 hours."}, {"start": "00:01:47", "end": "00:01:52", "text": "Uh in a week, we were down 5%. But if we"}, {"start": "00:01:50", "end": "00:01:55", "text": "just take a look at things like moving"}, {"start": "00:01:52", "end": "00:01:57", "text": "averages, I mean, we are"}, {"start": "00:01:55", "end": "00:02:01", "text": "well above where I think we actually"}, {"start": "00:01:57", "end": "00:02:04", "text": "should be as we've gone across 200 250"}, {"start": "00:02:01", "end": "00:02:09", "text": "day and so on and so forth. And if we"}, {"start": "00:02:04", "end": "00:02:12", "text": "take a look at u I mean just the ROI as"}, {"start": "00:02:09", "end": "00:02:14", "text": "time has gone on, we're actually moving"}, {"start": "00:02:12", "end": "00:02:17", "text": "quite sideways as opposed to the last"}, {"start": "00:02:14", "end": "00:02:19", "text": "cycle and the cycle before that and the"}, {"start": "00:02:17", "end": "00:02:22", "text": "cycle before that and the cycle before"}, {"start": "00:02:19", "end": "00:02:25", "text": "that if you want to count it. So what's"}, {"start": "00:02:22", "end": "00:02:28", "text": "your thoughts on this about as far as"}, {"start": "00:02:25", "end": "00:02:29", "text": "the mentality of sticking with it in a"}, {"start": "00:02:28", "end": "00:02:31", "text": "very boring market? Guy, you've been"}, {"start": "00:02:29", "end": "00:02:33", "text": "around for I think the longest out of"}, {"start": "00:02:31", "end": "00:02:35", "text": "all of us. So, just kind of bring us"}, {"start": "00:02:33", "end": "00:02:37", "text": "into uh what you think and how you're"}, {"start": "00:02:35", "end": "00:02:39", "text": "getting through this kind of lame"}, {"start": "00:02:37", "end": "00:02:41", "text": "market."}, {"start": "00:02:39", "end": "00:02:43", "text": ">> Sure."}, {"start": "00:02:41", "end": "00:02:45", "text": ">> Well, I mean, yes, you're right. We"}, {"start": "00:02:43", "end": "00:02:48", "text": "don't have the uh we don't have the"}, {"start": "00:02:45", "end": "00:02:50", "text": "fireworks that we had in 2022 with"}, {"start": "00:02:48", "end": "00:02:54", "text": "everything uh failing and people going"}, {"start": "00:02:50", "end": "00:02:56", "text": "to jail, etc. Um, which is a good thing."}, {"start": "00:02:54", "end": "00:02:58", "text": "So, be careful what you wish for. We"}, {"start": "00:02:56", "end": "00:03:01", "text": "don't want the market to get too"}, {"start": "00:02:58", "end": "00:03:04", "text": "interesting in uh in that respect. But"}, {"start": "00:03:01", "end": "00:03:07", "text": "for me that you know I kind of read that"}, {"start": "00:03:04", "end": "00:03:11", "text": "as okay it is dull but I guess that is"}, {"start": "00:03:07", "end": "00:03:14", "text": "part of the part of the phase that"}, {"start": "00:03:11", "end": "00:03:15", "text": "crypto is now moving into and that you"}, {"start": "00:03:14", "end": "00:03:17", "text": "know the current sort of market"}, {"start": "00:03:15", "end": "00:03:20", "text": "condition does seem to reflect that"}, {"start": "00:03:17", "end": "00:03:22", "text": "sentiment I think in that you know we're"}, {"start": "00:03:20", "end": "00:03:24", "text": "not the"}, {"start": "00:03:22", "end": "00:03:27", "text": "te crypto is not the the new"}, {"start": "00:03:24", "end": "00:03:30", "text": "technological frontier anymore like it"}, {"start": "00:03:27", "end": "00:03:32", "text": "was in 2021 say when there you know"}, {"start": "00:03:30", "end": "00:03:35", "text": "there there was genuine excitement"}, {"start": "00:03:32", "end": "00:03:37", "text": "around uh around blockchain and and"}, {"start": "00:03:35", "end": "00:03:41", "text": "tokenization and what all these what all"}, {"start": "00:03:37", "end": "00:03:44", "text": "these technologies could do that has you"}, {"start": "00:03:41", "end": "00:03:47", "text": "know that has shifted so obviously AI is"}, {"start": "00:03:44", "end": "00:03:50", "text": "um is is is the big technological uh"}, {"start": "00:03:47", "end": "00:03:53", "text": "revolution happening at the moment um so"}, {"start": "00:03:50", "end": "00:03:56", "text": "crypto is kind of moving into its I"}, {"start": "00:03:53", "end": "00:03:59", "text": "guess what it was always destined to be"}, {"start": "00:03:56", "end": "00:04:00", "text": "which is the the the the sector it was"}, {"start": "00:03:59", "end": "00:04:03", "text": "always destined to move into which is"}, {"start": "00:04:00", "end": "00:04:05", "text": "kind of back-end technology which is"}, {"start": "00:04:03", "end": "00:04:07", "text": "essentially what a blockchain is. You"}, {"start": "00:04:05", "end": "00:04:09", "text": "know a blockchain is is a database at"}, {"start": "00:04:07", "end": "00:04:12", "text": "the end of the day. All these projects"}, {"start": "00:04:09", "end": "00:04:14", "text": "are basically database uh projects. This"}, {"start": "00:04:12", "end": "00:04:17", "text": "is this is inf crypto is is"}, {"start": "00:04:14", "end": "00:04:20", "text": "infrastructure I think. So it kind of"}, {"start": "00:04:17", "end": "00:04:22", "text": "figures or it kind of makes sense I"}, {"start": "00:04:20", "end": "00:04:25", "text": "think that that we're moving into this"}, {"start": "00:04:22", "end": "00:04:28", "text": "phase now. Um which unfortunately yeah"}, {"start": "00:04:25", "end": "00:04:30", "text": "does not translate to great returns. It"}, {"start": "00:04:28", "end": "00:04:32", "text": "also translates to a lot of exhaustion"}, {"start": "00:04:30", "end": "00:04:34", "text": "in the market, a lot of disappointment I"}, {"start": "00:04:32", "end": "00:04:37", "text": "think like that. Um, things like that."}, {"start": "00:04:34", "end": "00:04:40", "text": "So, and plus when, you know, we've now"}, {"start": "00:04:37", "end": "00:04:44", "text": "got these as as sort of beffits almost"}, {"start": "00:04:40", "end": "00:04:46", "text": "this changing status of crypto. We've"}, {"start": "00:04:44", "end": "00:04:47", "text": "now got things like all these ethical"}, {"start": "00:04:46", "end": "00:04:49", "text": "considerations"}, {"start": "00:04:47", "end": "00:04:51", "text": "um that are now being talked about. You"}, {"start": "00:04:49", "end": "00:04:54", "text": "certainly in relation to the Clarity Act"}, {"start": "00:04:51", "end": "00:04:56", "text": "and uh you know whether politicians"}, {"start": "00:04:54", "end": "00:04:58", "text": "should be able to benefit uh financially"}, {"start": "00:04:56", "end": "00:04:59", "text": "from the technologies that they're"}, {"start": "00:04:58", "end": "00:05:02", "text": "supposed to be regulated. There's all"}, {"start": "00:04:59", "end": "00:05:05", "text": "these kind of back and forths with uh"}, {"start": "00:05:02", "end": "00:05:07", "text": "so-called ethical considerations."}, {"start": "00:05:05", "end": "00:05:10", "text": ">> And yeah, I mean that sort of stuff is"}, {"start": "00:05:07", "end": "00:05:12", "text": "boring. It's necessary, but it's it's"}, {"start": "00:05:10", "end": "00:05:15", "text": "kind of boring and a bit tedious. But"}, {"start": "00:05:12", "end": "00:05:18", "text": "again, this is this is the uh era of"}, {"start": "00:05:15", "end": "00:05:22", "text": "crypto that we're moving into. So I kind"}, {"start": "00:05:18", "end": "00:05:24", "text": "of I think it kind of beffits befits the"}, {"start": "00:05:22", "end": "00:05:26", "text": "industry and its stage that uh that that"}, {"start": "00:05:24", "end": "00:05:29", "text": "we're you know this is the sort of"}, {"start": "00:05:26", "end": "00:05:32", "text": "market that we're experiencing now. Um"}, {"start": "00:05:29", "end": "00:05:34", "text": "and when you consider I guess as well"}, {"start": "00:05:32", "end": "00:05:36", "text": "all the other uh all the other sectors"}, {"start": "00:05:34", "end": "00:05:40", "text": "that are so that are you know popping"}, {"start": "00:05:36", "end": "00:05:42", "text": "off I mean mentioned AI but you've"}, {"start": "00:05:40", "end": "00:05:45", "text": "you've got IPOs like SpaceX you know"}, {"start": "00:05:42", "end": "00:05:48", "text": "we've got the first ever com space"}, {"start": "00:05:45", "end": "00:05:50", "text": "company going public which is I mean"}, {"start": "00:05:48", "end": "00:05:52", "text": "that is really exciting. I mean, whether"}, {"start": "00:05:50", "end": "00:05:55", "text": "SpaceX will live up to what, a $2"}, {"start": "00:05:52", "end": "00:05:58", "text": "trillion valuation, I don't know. But"}, {"start": "00:05:55", "end": "00:06:01", "text": "it's it sure is exciting that we're now"}, {"start": "00:05:58", "end": "00:06:03", "text": "at that stage in human evolution where"}, {"start": "00:06:01", "end": "00:06:06", "text": "the first companies that are that are"}, {"start": "00:06:03", "end": "00:06:08", "text": "going to operate in space are going"}, {"start": "00:06:06", "end": "00:06:10", "text": "public. Um, that's an awful lot for"}, {"start": "00:06:08", "end": "00:06:12", "text": "crypto. That's an awful lot for a"}, {"start": "00:06:10", "end": "00:06:13", "text": "glorified database to compete with. I"}, {"start": "00:06:12", "end": "00:06:15", "text": "guess"}, {"start": "00:06:13", "end": "00:06:18", "text": ">> I have to say that's uh that's pretty"}, {"start": "00:06:15", "end": "00:06:20", "text": "much uh spot on, especially with the"}, {"start": "00:06:18", "end": "00:06:22", "text": "valuations of these um companies coming"}, {"start": "00:06:20", "end": "00:06:24", "text": "in. I don't think they're going to live"}, {"start": "00:06:22", "end": "00:06:25", "text": "up to the hype. I think there's there's"}, {"start": "00:06:24", "end": "00:06:27", "text": "only so many that can actually, you"}, {"start": "00:06:25", "end": "00:06:28", "text": "know, get through it. And then just just"}, {"start": "00:06:27", "end": "00:06:31", "text": "to piggyback on what you said, I saw"}, {"start": "00:06:28", "end": "00:06:34", "text": "this today. NASA looks like they're"}, {"start": "00:06:31", "end": "00:06:35", "text": "sharing an update on their NASA moon"}, {"start": "00:06:34", "end": "00:06:37", "text": "base. I think Elon Musk actually"}, {"start": "00:06:35", "end": "00:06:40", "text": "retweeted this out. So things are moving"}, {"start": "00:06:37", "end": "00:06:43", "text": "in that direction, I would say. But as"}, {"start": "00:06:40", "end": "00:06:45", "text": "far as like digital assets and crypto, I"}, {"start": "00:06:43", "end": "00:06:47", "text": "see it as flat. Maybe I'm wrong. Ben,"}, {"start": "00:06:45", "end": "00:06:49", "text": "give us a little bit of uh perspective."}, {"start": "00:06:47", "end": "00:06:52", "text": ">> Well, at least someone's headed to the"}, {"start": "00:06:49", "end": "00:06:52", "text": "moon, you know."}, {"start": "00:06:52", "end": "00:06:57", "text": "That's a good one. That's a good one."}, {"start": "00:06:56", "end": "00:06:58", "text": ">> I mean, I don't really have anything to"}, {"start": "00:06:57", "end": "00:07:00", "text": "add. I mean, yeah. I mean, this is kind"}, {"start": "00:06:58", "end": "00:07:02", "text": "of how all midterm years are. This is"}, {"start": "00:07:00", "end": "00:07:07", "text": "what 2022 felt like. But I think in"}, {"start": "00:07:02", "end": "00:07:09", "text": "2022, there was a bit more um major, you"}, {"start": "00:07:07", "end": "00:07:12", "text": "know, companies that were all going"}, {"start": "00:07:09", "end": "00:07:13", "text": "under. we haven't really seen the ex the"}, {"start": "00:07:12", "end": "00:07:16", "text": "same extent. There are a lot of"}, {"start": "00:07:13", "end": "00:07:18", "text": "companies going under. Um, and there's a"}, {"start": "00:07:16", "end": "00:07:21", "text": "lot of companies that are I mean in the"}, {"start": "00:07:18", "end": "00:07:22", "text": "crypto space there's definitely some"}, {"start": "00:07:21", "end": "00:07:24", "text": "companies that are are hurting there."}, {"start": "00:07:22", "end": "00:07:27", "text": "Some of the crypto stocks if you look"}, {"start": "00:07:24", "end": "00:07:27", "text": "they're like down like 99%."}, {"start": "00:07:27", "end": "00:07:29", "text": "Um,"}, {"start": "00:07:27", "end": "00:07:31", "text": ">> Naka stuff like that."}, {"start": "00:07:29", "end": "00:07:33", "text": ">> I didn't say anything. Um,"}, {"start": "00:07:31", "end": "00:07:34", "text": ">> and uh, yeah, I mean they're they're"}, {"start": "00:07:33", "end": "00:07:36", "text": "really they're really struggling right"}, {"start": "00:07:34", "end": "00:07:38", "text": "now. And I I I mean I hope I hope they"}, {"start": "00:07:36", "end": "00:07:40", "text": "survive, right? I mean, because this is"}, {"start": "00:07:38", "end": "00:07:43", "text": "these are difficult times in the market"}, {"start": "00:07:40", "end": "00:07:45", "text": "and my guess is that it'll stay like"}, {"start": "00:07:43", "end": "00:07:46", "text": "this for a while. I don't I don't really"}, {"start": "00:07:45", "end": "00:07:48", "text": "see I mean, Bitcoin might have counter"}, {"start": "00:07:46", "end": "00:07:50", "text": "trend rallies like we know that we we"}, {"start": "00:07:48", "end": "00:07:53", "text": "had one, you know, like five months ago."}, {"start": "00:07:50", "end": "00:07:55", "text": "We we just it seems like we maybe just"}, {"start": "00:07:53", "end": "00:07:57", "text": "finished one and we'll probably have"}, {"start": "00:07:55", "end": "00:07:59", "text": "another. Um, but a lot of those"}, {"start": "00:07:57", "end": "00:08:02", "text": "companies, I think, that are are mostly"}, {"start": "00:07:59", "end": "00:08:05", "text": "just dependent on the crypto markets are"}, {"start": "00:08:02", "end": "00:08:07", "text": "going to keep struggling in my opinion."}, {"start": "00:08:05", "end": "00:08:09", "text": "and the ones that that pivoted,"}, {"start": "00:08:07", "end": "00:08:11", "text": "you know, to other things, they're the"}, {"start": "00:08:09", "end": "00:08:15", "text": "ones that are actually doing much"}, {"start": "00:08:11", "end": "00:08:16", "text": "better. So, um, I don't really see the"}, {"start": "00:08:15", "end": "00:08:18", "text": "current market conditions changing right"}, {"start": "00:08:16", "end": "00:08:20", "text": "now. I mean, I think Bitcoin's going to"}, {"start": "00:08:18", "end": "00:08:24", "text": "keep bleeding against both the stock"}, {"start": "00:08:20", "end": "00:08:26", "text": "market and gold and energy and"}, {"start": "00:08:24", "end": "00:08:27", "text": "manufacturing. This is what it does in"}, {"start": "00:08:26", "end": "00:08:30", "text": "midterm years. It's not like in this"}, {"start": "00:08:27", "end": "00:08:31", "text": "case is not different this time. It's"}, {"start": "00:08:30", "end": "00:08:33", "text": "actually this is how it always plays"}, {"start": "00:08:31", "end": "00:08:34", "text": "out. The only the only thing that's"}, {"start": "00:08:33", "end": "00:08:36", "text": "different this time is there wasn't a"}, {"start": "00:08:34", "end": "00:08:38", "text": "blowoff top. So, you know, not we like"}, {"start": "00:08:36", "end": "00:08:40", "text": "we weren't really coming off that"}, {"start": "00:08:38", "end": "00:08:42", "text": "euphoric feeling. And I think a lot of"}, {"start": "00:08:40", "end": "00:08:45", "text": "times when you have a euphoria at the"}, {"start": "00:08:42", "end": "00:08:47", "text": "end of a cycle, that euphoria can take"}, {"start": "00:08:45", "end": "00:08:49", "text": "like five or six months mentally to kind"}, {"start": "00:08:47", "end": "00:08:52", "text": "of die out. But when you don't have a"}, {"start": "00:08:49", "end": "00:08:53", "text": "euphoria at the end of a cycle, it just"}, {"start": "00:08:52", "end": "00:08:57", "text": "like people just immediately turn"}, {"start": "00:08:53", "end": "00:08:59", "text": "bearish or immediately get really down"}, {"start": "00:08:57", "end": "00:09:02", "text": "because, you know, you didn't have that"}, {"start": "00:08:59", "end": "00:09:04", "text": "that blowoff top type move. So, I don't"}, {"start": "00:09:02", "end": "00:09:07", "text": "I don't see things changing. I mean, you"}, {"start": "00:09:04", "end": "00:09:10", "text": "usually what happens in midterm years is"}, {"start": "00:09:07", "end": "00:09:12", "text": "we kind of go down into June and then we"}, {"start": "00:09:10", "end": "00:09:15", "text": "kind of bounce some in the summer. Like,"}, {"start": "00:09:12", "end": "00:09:17", "text": "we'll bounce in like July or August and"}, {"start": "00:09:15", "end": "00:09:19", "text": "then we kind of get the final low in in"}, {"start": "00:09:17", "end": "00:09:20", "text": "the fourth quarter of the year. So,"}, {"start": "00:09:19", "end": "00:09:22", "text": "that's probably how it's going to play"}, {"start": "00:09:20", "end": "00:09:24", "text": "out if I had to guess. And if it plays"}, {"start": "00:09:22", "end": "00:09:26", "text": "out like that, I think this sort of"}, {"start": "00:09:24", "end": "00:09:27", "text": "boring view is is likely going to"}, {"start": "00:09:26", "end": "00:09:29", "text": "continue."}, {"start": "00:09:27", "end": "00:09:30", "text": ">> Yeah, it's not a boring view. It's just"}, {"start": "00:09:29", "end": "00:09:32", "text": "it seems like that's just pretty much"}, {"start": "00:09:30", "end": "00:09:33", "text": "how it is. It's part for the course and"}, {"start": "00:09:32", "end": "00:09:35", "text": "we're going down that road. So, this"}, {"start": "00:09:33", "end": "00:09:36", "text": "will lead me to the next and pretty much"}, {"start": "00:09:35", "end": "00:09:38", "text": "the final question. I'm going to wrap"}, {"start": "00:09:36", "end": "00:09:41", "text": "these together so we can get into a"}, {"start": "00:09:38", "end": "00:09:43", "text": "little bit more Q&A which is we were"}, {"start": "00:09:41", "end": "00:09:44", "text": "talking about,"}, {"start": "00:09:43", "end": "00:09:46", "text": "you know, Bitcoin and crypto and of"}, {"start": "00:09:44", "end": "00:09:48", "text": "course we our channels are pretty much"}, {"start": "00:09:46", "end": "00:09:50", "text": "focused on that except for of course Guy"}, {"start": "00:09:48", "end": "00:09:53", "text": "has many more. But the question I have"}, {"start": "00:09:50", "end": "00:09:56", "text": "is this. Um, I took profits on on"}, {"start": "00:09:53", "end": "00:09:57", "text": "Bitcoin and all coins. I'm glad I did. I"}, {"start": "00:09:56", "end": "00:10:00", "text": "should have done better and I didn't do"}, {"start": "00:09:57", "end": "00:10:02", "text": "as great as I as I could have. The"}, {"start": "00:10:00", "end": "00:10:05", "text": "question is, is that should we be"}, {"start": "00:10:02", "end": "00:10:07", "text": "waiting for more downside as we've gone"}, {"start": "00:10:05", "end": "00:10:09", "text": "into this? I know you guys have done"}, {"start": "00:10:07", "end": "00:10:11", "text": "videos on four-year cycles. Should we"}, {"start": "00:10:09", "end": "00:10:13", "text": "just be waiting for more downside or and"}, {"start": "00:10:11", "end": "00:10:16", "text": "then getting into crypto or getting into"}, {"start": "00:10:13", "end": "00:10:19", "text": "like energy infrastructure, AI plays and"}, {"start": "00:10:16", "end": "00:10:23", "text": "things like that? And then lastly, which"}, {"start": "00:10:19", "end": "00:10:25", "text": "is if we're going to talk about that,"}, {"start": "00:10:23", "end": "00:10:27", "text": "all of these indicators failed us or"}, {"start": "00:10:25", "end": "00:10:30", "text": "most of these indicators failed us for"}, {"start": "00:10:27", "end": "00:10:31", "text": "the last blowoff top. So, since those"}, {"start": "00:10:30", "end": "00:10:32", "text": "indicators did fail us and the only one"}, {"start": "00:10:31", "end": "00:10:34", "text": "that actually stood up the test of time,"}, {"start": "00:10:32", "end": "00:10:35", "text": "which would be the four-year cycle,"}, {"start": "00:10:34", "end": "00:10:38", "text": "should we just blindly just go with"}, {"start": "00:10:35", "end": "00:10:41", "text": "that? So, it's a loaded question and"}, {"start": "00:10:38", "end": "00:10:42", "text": "that's what we're here for. Ben, I'm"}, {"start": "00:10:41", "end": "00:10:43", "text": "going to start I'm going to lead off"}, {"start": "00:10:42", "end": "00:10:44", "text": "with you again because we were just"}, {"start": "00:10:43", "end": "00:10:46", "text": "talking, then we'll shift to guy and"}, {"start": "00:10:44", "end": "00:10:47", "text": "we'll do a little Q&A."}, {"start": "00:10:46", "end": "00:10:49", "text": ">> Yeah, I actually just made a video about"}, {"start": "00:10:47", "end": "00:10:51", "text": "that recently. Basically, the only"}, {"start": "00:10:49", "end": "00:10:52", "text": "indicator that anyone really ever needed"}, {"start": "00:10:51", "end": "00:10:54", "text": "was just buy at the end of the midterm"}, {"start": "00:10:52", "end": "00:10:57", "text": "year and sell at the end of the post"}, {"start": "00:10:54", "end": "00:10:59", "text": "having year. I mean, you know, we can"}, {"start": "00:10:57", "end": "00:11:01", "text": "over complicate it, but that's been sort"}, {"start": "00:10:59", "end": "00:11:03", "text": "of the right strategy for Bitcoin. What"}, {"start": "00:11:01", "end": "00:11:06", "text": "I what I've learned to do uh with"}, {"start": "00:11:03", "end": "00:11:09", "text": "Bitcoin, and I I learned this in 2018,"}, {"start": "00:11:06", "end": "00:11:11", "text": "um you know, I've made all the mistakes"}, {"start": "00:11:09", "end": "00:11:13", "text": "before that a number of times, but by"}, {"start": "00:11:11", "end": "00:11:15", "text": "2018, I finally learned in midterm"}, {"start": "00:11:13", "end": "00:11:16", "text": "years, just ignore Bitcoin for the first"}, {"start": "00:11:15", "end": "00:11:19", "text": "half of the year. Just ignore it."}, {"start": "00:11:16", "end": "00:11:23", "text": "Pretend like pretend like it just"}, {"start": "00:11:19", "end": "00:11:26", "text": "doesn't exist, and you just wait. And"}, {"start": "00:11:23", "end": "00:11:28", "text": "then once you get to the summer,"}, {"start": "00:11:26", "end": "00:11:30", "text": "especially kind of after the drop going"}, {"start": "00:11:28", "end": "00:11:32", "text": "into the summer, that's when you start"}, {"start": "00:11:30", "end": "00:11:37", "text": "to, you know, start to get interested in"}, {"start": "00:11:32", "end": "00:11:40", "text": "Bitcoin. Um, so think about"}, {"start": "00:11:37", "end": "00:11:42", "text": "the July, August, September time frame"}, {"start": "00:11:40", "end": "00:11:44", "text": "knowing that if you buy then there still"}, {"start": "00:11:42", "end": "00:11:47", "text": "could be one last drop, right? Like"}, {"start": "00:11:44", "end": "00:11:49", "text": "there was one last drop in 2022, the FTX"}, {"start": "00:11:47", "end": "00:11:52", "text": "collapse we had in Q4. There was one"}, {"start": "00:11:49", "end": "00:11:54", "text": "last drop in 2018 uh that that started"}, {"start": "00:11:52", "end": "00:11:57", "text": "in November. There was also one last"}, {"start": "00:11:54", "end": "00:12:01", "text": "drop in 2014 that actually bled into the"}, {"start": "00:11:57", "end": "00:12:04", "text": "very beginning of 2015. Um so the way I"}, {"start": "00:12:01", "end": "00:12:06", "text": "navigate Bitcoin these days, you know,"}, {"start": "00:12:04", "end": "00:12:08", "text": "the last couple of cycles and midterm"}, {"start": "00:12:06", "end": "00:12:11", "text": "years is just ignore it for the first"}, {"start": "00:12:08", "end": "00:12:13", "text": "six months and then start to look for"}, {"start": "00:12:11", "end": "00:12:14", "text": "deals. And again, that doesn't mean you"}, {"start": "00:12:13", "end": "00:12:18", "text": "won't have these rallies. We just had"}, {"start": "00:12:14", "end": "00:12:20", "text": "one. But the the problem is kind of like"}, {"start": "00:12:18", "end": "00:12:21", "text": "what you said, Rob, is there's all these"}, {"start": "00:12:20", "end": "00:12:23", "text": "other plays. There's all these other"}, {"start": "00:12:21", "end": "00:12:25", "text": "bull markets. There's all these other"}, {"start": "00:12:23", "end": "00:12:28", "text": "actual bull markets happening in other"}, {"start": "00:12:25", "end": "00:12:29", "text": "in other markets. Um where you don't"}, {"start": "00:12:28", "end": "00:12:32", "text": "have to try to time counter trend"}, {"start": "00:12:29", "end": "00:12:35", "text": "rallies, right? You know, the S&P keeps"}, {"start": "00:12:32", "end": "00:12:37", "text": "going to new all-time highs. Um"}, {"start": "00:12:35", "end": "00:12:38", "text": "international emer international funds,"}, {"start": "00:12:37", "end": "00:12:41", "text": "emerging markets keep going to new"}, {"start": "00:12:38", "end": "00:12:42", "text": "all-time highs. Manufacturing, energy,"}, {"start": "00:12:41", "end": "00:12:46", "text": "that stuff, you know, just put in new"}, {"start": "00:12:42", "end": "00:12:49", "text": "all-time highs not that long ago. And"}, {"start": "00:12:46", "end": "00:12:52", "text": "it's I I think as an investor and I"}, {"start": "00:12:49", "end": "00:12:54", "text": "think uh um Munger talked about this too"}, {"start": "00:12:52", "end": "00:12:56", "text": "is that like any good investor when"}, {"start": "00:12:54", "end": "00:12:58", "text": "they're buying anything, they always"}, {"start": "00:12:56", "end": "00:13:02", "text": "think about opportunity cost, you know,"}, {"start": "00:12:58", "end": "00:13:04", "text": "and it's it's hard it's hard to want to"}, {"start": "00:13:02", "end": "00:13:06", "text": "go buy Bitcoin in the first half of the"}, {"start": "00:13:04", "end": "00:13:10", "text": "midterm year when I just see it bleeding"}, {"start": "00:13:06", "end": "00:13:11", "text": "to like everything else, right? So then"}, {"start": "00:13:10", "end": "00:13:14", "text": "if you buy the stuff that's actually in"}, {"start": "00:13:11", "end": "00:13:16", "text": "a bull market, then when Bitcoin has"}, {"start": "00:13:14", "end": "00:13:18", "text": "those countertrend rallies, you're not"}, {"start": "00:13:16", "end": "00:13:20", "text": "as emotionally tied up in that rally"}, {"start": "00:13:18", "end": "00:13:21", "text": "because well, you've been invested in"}, {"start": "00:13:20", "end": "00:13:23", "text": "places where the bull market actually"}, {"start": "00:13:21", "end": "00:13:25", "text": "is. Um, so I think that's what gets"}, {"start": "00:13:23", "end": "00:13:26", "text": "people is if they're not buying Bitcoin,"}, {"start": "00:13:25", "end": "00:13:28", "text": "they're a lot of times not buying"}, {"start": "00:13:26", "end": "00:13:30", "text": "anything, you know, and then they're"}, {"start": "00:13:28", "end": "00:13:32", "text": "just sitting completely in cash and then"}, {"start": "00:13:30", "end": "00:13:34", "text": "when the market goes up, they get really"}, {"start": "00:13:32", "end": "00:13:36", "text": "mad and they want to blame people. where"}, {"start": "00:13:34", "end": "00:13:38", "text": "whereas if you just kind of recognize"}, {"start": "00:13:36", "end": "00:13:40", "text": "that, hey,"}, {"start": "00:13:38", "end": "00:13:42", "text": "other markets do really well in midterm"}, {"start": "00:13:40", "end": "00:13:43", "text": "years, uh you can still make a lot of"}, {"start": "00:13:42", "end": "00:13:46", "text": "money in midterm years. And you could"}, {"start": "00:13:43", "end": "00:13:47", "text": "argue that by ignoring Bitcoin in the"}, {"start": "00:13:46", "end": "00:13:49", "text": "first half of the midterm year and just"}, {"start": "00:13:47", "end": "00:13:51", "text": "buying other things, you're actually"}, {"start": "00:13:49", "end": "00:13:53", "text": "increasing your future capital to then"}, {"start": "00:13:51", "end": "00:13:56", "text": "go buy Bitcoin potentially at the end of"}, {"start": "00:13:53", "end": "00:13:58", "text": "the midterm year, you know. Um so I"}, {"start": "00:13:56", "end": "00:14:00", "text": "mean, those are my views. I I I think"}, {"start": "00:13:58", "end": "00:14:02", "text": "that"}, {"start": "00:14:00", "end": "00:14:03", "text": "ignoring crypto for the first half of"}, {"start": "00:14:02", "end": "00:14:05", "text": "the midterm year is usually the right"}, {"start": "00:14:03", "end": "00:14:07", "text": "move and then the second half you start"}, {"start": "00:14:05", "end": "00:14:10", "text": "to look for good deals kind of in"}, {"start": "00:14:07", "end": "00:14:12", "text": "preparation for the next market cycle."}, {"start": "00:14:10", "end": "00:14:14", "text": ">> Right. Yeah. And I I'll tell you like uh"}, {"start": "00:14:12", "end": "00:14:16", "text": "I mean I I buy Bitcoin every Monday"}, {"start": "00:14:14", "end": "00:14:17", "text": "because I'm still on the thesis that uh"}, {"start": "00:14:16", "end": "00:14:19", "text": "the government's going to debase the"}, {"start": "00:14:17", "end": "00:14:21", "text": "currency, but I will tell you, you know,"}, {"start": "00:14:19", "end": "00:14:23", "text": "there's a lot of things that I I wait"}, {"start": "00:14:21", "end": "00:14:25", "text": "for and I just look at the the data. I'm"}, {"start": "00:14:23", "end": "00:14:27", "text": "like I think there's going to be more of"}, {"start": "00:14:25", "end": "00:14:29", "text": "a dump later on. So, well said. And then"}, {"start": "00:14:27", "end": "00:14:31", "text": "Guy, what do you that's a again, it's a"}, {"start": "00:14:29", "end": "00:14:34", "text": "loaded question. I apologize, but uh"}, {"start": "00:14:31", "end": "00:14:36", "text": "what do you have for this one?"}, {"start": "00:14:34", "end": "00:14:38", "text": ">> Well, I mean, isn't isn't Ben right? I"}, {"start": "00:14:36", "end": "00:14:40", "text": "mean, uh yeah, if you if you've ignored"}, {"start": "00:14:38", "end": "00:14:43", "text": "crypto for the first half of this year"}, {"start": "00:14:40", "end": "00:14:46", "text": "or or this year so far, you've you've"}, {"start": "00:14:43", "end": "00:14:48", "text": "nailed it because the returns have not"}, {"start": "00:14:46", "end": "00:14:50", "text": "been the returns have not been good. So"}, {"start": "00:14:48", "end": "00:14:54", "text": "yeah, I mean I think there's always"}, {"start": "00:14:50", "end": "00:14:56", "text": "there's always uh space for some"}, {"start": "00:14:54", "end": "00:14:58", "text": "highquality crypto projects in any"}, {"start": "00:14:56", "end": "00:15:00", "text": "portfolio and you know obviously Bitcoin"}, {"start": "00:14:58", "end": "00:15:02", "text": "is the is is is is the big one but you"}, {"start": "00:15:00", "end": "00:15:04", "text": "know we're seeing some we're seeing some"}, {"start": "00:15:02", "end": "00:15:07", "text": "assets do well. You know Hyperlquid is"}, {"start": "00:15:04", "end": "00:15:09", "text": "is is one and there's you know there's a"}, {"start": "00:15:07", "end": "00:15:12", "text": "project with that is genuinely making a"}, {"start": "00:15:09", "end": "00:15:14", "text": "ton of money um and that is providing"}, {"start": "00:15:12", "end": "00:15:15", "text": "people with something that they want to"}, {"start": "00:15:14", "end": "00:15:18", "text": "use."}, {"start": "00:15:15", "end": "00:15:21", "text": ">> True. So, um, it's not like, you know,"}, {"start": "00:15:18", "end": "00:15:23", "text": "all of crypto is is struggling, but it's"}, {"start": "00:15:21", "end": "00:15:26", "text": "very very it's very very localized in in"}, {"start": "00:15:23", "end": "00:15:28", "text": "just a handful of projects. So, in terms"}, {"start": "00:15:26", "end": "00:15:31", "text": "of Yeah, I mean, I think there probably"}, {"start": "00:15:28", "end": "00:15:33", "text": "is more downside to come. Um, it's"}, {"start": "00:15:31", "end": "00:15:35", "text": "certainly in the crypto market. So, you"}, {"start": "00:15:33", "end": "00:15:37", "text": "can you can wait for that or it's not"}, {"start": "00:15:35", "end": "00:15:38", "text": "like there's any shortage of other"}, {"start": "00:15:37", "end": "00:15:40", "text": "things to go into. You know, as we were"}, {"start": "00:15:38", "end": "00:15:44", "text": "discussing earlier, we're we're we're"}, {"start": "00:15:40", "end": "00:15:46", "text": "entering this sort of crazy IPO season."}, {"start": "00:15:44", "end": "00:15:49", "text": "you got the likes of SpaceX and Open AI,"}, {"start": "00:15:46", "end": "00:15:51", "text": "but there's so many other markets. I"}, {"start": "00:15:49", "end": "00:15:53", "text": "mean, energy, I think, is a particularly"}, {"start": "00:15:51", "end": "00:15:57", "text": "interesting one. Um, given that it's"}, {"start": "00:15:53", "end": "00:16:00", "text": "kind of okay, it's AI adjacent, but um"}, {"start": "00:15:57", "end": "00:16:03", "text": "and obviously the AI trade itself feels"}, {"start": "00:16:00", "end": "00:16:06", "text": "feels bubbly, feels kind of crowded and"}, {"start": "00:16:03", "end": "00:16:08", "text": "I think is, you know, is is is quite"}, {"start": "00:16:06", "end": "00:16:11", "text": "high risk, although I mean it just it"}, {"start": "00:16:08", "end": "00:16:13", "text": "just has kept going and going. But um"}, {"start": "00:16:11", "end": "00:16:15", "text": "energy in particular, I think, you know,"}, {"start": "00:16:13", "end": "00:16:16", "text": "we need energy for everything and we"}, {"start": "00:16:15", "end": "00:16:19", "text": "don't have nearly enough of it and we're"}, {"start": "00:16:16", "end": "00:16:21", "text": "only ever going to use more. So um that"}, {"start": "00:16:19", "end": "00:16:23", "text": "I think is an interesting is an"}, {"start": "00:16:21", "end": "00:16:25", "text": "interesting place to look. Um and then"}, {"start": "00:16:23", "end": "00:16:27", "text": "there's, you know, there's even things"}, {"start": "00:16:25", "end": "00:16:28", "text": "like bonds. Now, if I can, if you can"}, {"start": "00:16:27", "end": "00:16:31", "text": "just um pull up my screen, this this"}, {"start": "00:16:28", "end": "00:16:34", "text": "tweet that uh that Nick put out um"}, {"start": "00:16:31", "end": "00:16:37", "text": "recently. Uh you know, the what is it?"}, {"start": "00:16:34", "end": "00:16:41", "text": "The 30-year 30-year yield is now above"}, {"start": "00:16:37", "end": "00:16:44", "text": "5%. Um the 10-year yields around four"}, {"start": "00:16:41", "end": "00:16:46", "text": "and a half percent. Um okay uh"}, {"start": "00:16:44", "end": "00:16:48", "text": "governments are going to keep um keep"}, {"start": "00:16:46", "end": "00:16:51", "text": "borrowing and keep debasing the currency"}, {"start": "00:16:48", "end": "00:16:53", "text": "but you know four and a half 5% is is"}, {"start": "00:16:51", "end": "00:16:56", "text": "pretty good for a lot of investors and"}, {"start": "00:16:53", "end": "00:16:59", "text": "we know from experience from past you"}, {"start": "00:16:56", "end": "00:17:02", "text": "know from past years that when bonds are"}, {"start": "00:16:59", "end": "00:17:04", "text": "doing well uh that's not good for risk"}, {"start": "00:17:02", "end": "00:17:08", "text": "assets. So I mean even bonds are an"}, {"start": "00:17:04", "end": "00:17:10", "text": "opportunity now. I mean, UK UK guilts,"}, {"start": "00:17:08", "end": "00:17:12", "text": "UK government bonds, I think are"}, {"start": "00:17:10", "end": "00:17:15", "text": "currently at levels that you haven't"}, {"start": "00:17:12", "end": "00:17:17", "text": "that we haven't seen since 1998,"}, {"start": "00:17:15", "end": "00:17:19", "text": ">> which is wild to think about. So, you"}, {"start": "00:17:17", "end": "00:17:20", "text": "know, that's a whole that's a whole"}, {"start": "00:17:19", "end": "00:17:22", "text": "asset class that I don't think anyone"}, {"start": "00:17:20", "end": "00:17:25", "text": "was really all that interested in"}, {"start": "00:17:22", "end": "00:17:27", "text": "recently because the yields were"}, {"start": "00:17:25", "end": "00:17:30", "text": "um but all of a sudden now it's like,"}, {"start": "00:17:27", "end": "00:17:32", "text": "oh, okay. Um and then yeah, I think"}, {"start": "00:17:30", "end": "00:17:34", "text": "another interesting thing to look out"}, {"start": "00:17:32", "end": "00:17:37", "text": "for as well or I mean not so much from"}, {"start": "00:17:34", "end": "00:17:39", "text": "an investment point of view perhaps but"}, {"start": "00:17:37", "end": "00:17:41", "text": "um one really interesting thing that"}, {"start": "00:17:39", "end": "00:17:43", "text": "someone pointed out is that the rules"}, {"start": "00:17:41", "end": "00:17:46", "text": "have now changed around some of these uh"}, {"start": "00:17:43", "end": "00:17:49", "text": "some of these index funds. So they are"}, {"start": "00:17:46", "end": "00:17:51", "text": "going to be able to include the likes of"}, {"start": "00:17:49", "end": "00:17:54", "text": "SpaceX and Open AAI these you know these"}, {"start": "00:17:51", "end": "00:17:56", "text": "monster IPOs. So, it's going to be"}, {"start": "00:17:54", "end": "00:17:59", "text": "interesting to see how some of these"}, {"start": "00:17:56", "end": "00:18:03", "text": "fund managers"}, {"start": "00:17:59", "end": "00:18:06", "text": "manage to work these mega IPO IPOs into"}, {"start": "00:18:03", "end": "00:18:08", "text": "these big new stocks into their index"}, {"start": "00:18:06", "end": "00:18:10", "text": "portfolios because obviously um you know"}, {"start": "00:18:08", "end": "00:18:12", "text": "they're going to have to balance them by"}, {"start": "00:18:10", "end": "00:18:13", "text": "if they bring in a load of SpaceX then"}, {"start": "00:18:12", "end": "00:18:15", "text": "they're going to have to sell a lot of"}, {"start": "00:18:13", "end": "00:18:16", "text": "other stuff. So, it'll be very"}, {"start": "00:18:15", "end": "00:18:18", "text": "interesting to see what actually gets"}, {"start": "00:18:16", "end": "00:18:20", "text": "sold by some of these index funds. You"}, {"start": "00:18:18", "end": "00:18:24", "text": "know, I'm thinking like the NASDAQ 100"}, {"start": "00:18:20", "end": "00:18:26", "text": "or whatever. um uh to to make room for"}, {"start": "00:18:24", "end": "00:18:29", "text": "the likes of SpaceX. So, I guess in a"}, {"start": "00:18:26", "end": "00:18:30", "text": "nutshell, yeah, there is there is"}, {"start": "00:18:29", "end": "00:18:33", "text": "probably still more downside to come in"}, {"start": "00:18:30", "end": "00:18:34", "text": "crypto, but there's tons of other"}, {"start": "00:18:33", "end": "00:18:36", "text": "there's so many investment opportunities"}, {"start": "00:18:34", "end": "00:18:38", "text": "out there. There's so many different"}, {"start": "00:18:36", "end": "00:18:40", "text": "markets now. And of course, one of the"}, {"start": "00:18:38", "end": "00:18:42", "text": "great things about crypto is that it is"}, {"start": "00:18:40", "end": "00:18:44", "text": "helping bring some of that make make"}, {"start": "00:18:42", "end": "00:18:46", "text": "some of those markets a lot more"}, {"start": "00:18:44", "end": "00:18:49", "text": "accessible."}, {"start": "00:18:46", "end": "00:18:52", "text": ">> A lot more accessible. So, so guy, last"}, {"start": "00:18:49", "end": "00:18:53", "text": "one was uh indicators. Anything that uh"}, {"start": "00:18:52", "end": "00:18:55", "text": "that you're thinking about as far as"}, {"start": "00:18:53", "end": "00:18:58", "text": "like looking at for the markets"}, {"start": "00:18:55", "end": "00:18:59", "text": "themselves? Any indicators that you use"}, {"start": "00:18:58", "end": "00:19:03", "text": "or you think like ah they all suck"}, {"start": "00:18:59", "end": "00:19:06", "text": "anyhow and I'll just go for this one."}, {"start": "00:19:03", "end": "00:19:09", "text": "Um indicators, I mean"}, {"start": "00:19:06", "end": "00:19:13", "text": "such I think everything's so dependent"}, {"start": "00:19:09", "end": "00:19:15", "text": "on dependent on headlines now um that I"}, {"start": "00:19:13", "end": "00:19:19", "text": "kind of just you know I kind of just try"}, {"start": "00:19:15", "end": "00:19:20", "text": "to keep an eye on that. um to see, you"}, {"start": "00:19:19", "end": "00:19:23", "text": "know, everything is everything's we're"}, {"start": "00:19:20", "end": "00:19:25", "text": "all just waiting for whatever Trump does"}, {"start": "00:19:23", "end": "00:19:28", "text": "next, for whatever mad he comes out"}, {"start": "00:19:25", "end": "00:19:29", "text": "with next. So, you know, that's that's"}, {"start": "00:19:28", "end": "00:19:32", "text": "kind of the only ind indicator I'm"}, {"start": "00:19:29", "end": "00:19:34", "text": "watching that the Trump Truth Social."}, {"start": "00:19:32", "end": "00:19:36", "text": ">> That's exactly right. I call this TA."}, {"start": "00:19:34", "end": "00:19:38", "text": "And if you don't know TA, you need to"}, {"start": "00:19:36", "end": "00:19:40", "text": "know it. TA is important. I don't know"}, {"start": "00:19:38", "end": "00:19:41", "text": "what you guys think of this. For me,"}, {"start": "00:19:40", "end": "00:19:43", "text": "it's his Trump analysis. just follow him"}, {"start": "00:19:41", "end": "00:19:45", "text": "on true social then just follow those"}, {"start": "00:19:43", "end": "00:19:46", "text": "those tweets that he puts out and those"}, {"start": "00:19:45", "end": "00:19:49", "text": "are that's essentially your trading"}, {"start": "00:19:46", "end": "00:19:51", "text": "strategy. Congratulations. So everybody,"}, {"start": "00:19:49", "end": "00:19:53", "text": "thank you so much for stopping by. We"}, {"start": "00:19:51", "end": "00:19:55", "text": "appreciate it. Those will be the"}, {"start": "00:19:53", "end": "00:19:56", "text": "questions that I had and there pretty"}, {"start": "00:19:55", "end": "00:19:58", "text": "good insights from both of these"}, {"start": "00:19:56", "end": "00:20:00", "text": "gentlemen. Now let's get into a little"}, {"start": "00:19:58", "end": "00:20:01", "text": "Q&A. We'll go about five or 10 minutes"}, {"start": "00:20:00", "end": "00:20:05", "text": "or so and then we'll get the heck out of"}, {"start": "00:20:01", "end": "00:20:08", "text": "here. So first question I guess this"}, {"start": "00:20:05", "end": "00:20:10", "text": "well guys more towards you. Will SpaceX"}, {"start": "00:20:08", "end": "00:20:13", "text": "IPO wreck the market? And it's not just"}, {"start": "00:20:10", "end": "00:20:14", "text": "the SpaceX valuation of 1 point I think"}, {"start": "00:20:13", "end": "00:20:17", "text": "it's 1.3 but I think someone said two"}, {"start": "00:20:14", "end": "00:20:19", "text": "trillion but we also have that anthropic"}, {"start": "00:20:17", "end": "00:20:21", "text": "open AI and who knows what other"}, {"start": "00:20:19", "end": "00:20:23", "text": "different uh AI companies that are"}, {"start": "00:20:21", "end": "00:20:25", "text": "coming out for an IPO. What do you think"}, {"start": "00:20:23", "end": "00:20:27", "text": "about this? Is could this wreck"}, {"start": "00:20:25", "end": "00:20:29", "text": "everything as we saw it as a do era or"}, {"start": "00:20:27", "end": "00:20:32", "text": "do you think everything's just going to"}, {"start": "00:20:29", "end": "00:20:33", "text": "catch up to the speculation?"}, {"start": "00:20:32", "end": "00:20:35", "text": ">> Yeah, it's an interesting question. I"}, {"start": "00:20:33", "end": "00:20:37", "text": "think well I go back to what I was"}, {"start": "00:20:35", "end": "00:20:39", "text": "saying earlier about those index funds"}, {"start": "00:20:37", "end": "00:20:41", "text": "balancing those out. I mean that is a"}, {"start": "00:20:39", "end": "00:20:43", "text": "potential that is a potential way in"}, {"start": "00:20:41", "end": "00:20:47", "text": "which it could disrupt the market I"}, {"start": "00:20:43", "end": "00:20:49", "text": "guess. Um but there seems to be you know"}, {"start": "00:20:47", "end": "00:20:52", "text": "there seems to be a lot of appetite for"}, {"start": "00:20:49", "end": "00:20:54", "text": "these um new companies but I guess I"}, {"start": "00:20:52", "end": "00:20:56", "text": "guess they could wreck the market if"}, {"start": "00:20:54", "end": "00:21:00", "text": "they fail to live up live up to"}, {"start": "00:20:56", "end": "00:21:03", "text": "expectations. Um I mean you know space I"}, {"start": "00:21:00", "end": "00:21:06", "text": "don't really know what SpaceX's sort of"}, {"start": "00:21:03", "end": "00:21:10", "text": "revenue path is. um and when they expect"}, {"start": "00:21:06", "end": "00:21:11", "text": "to start, you know, making uh serious"}, {"start": "00:21:10", "end": "00:21:13", "text": "returns. I mean, they make a lot of"}, {"start": "00:21:11", "end": "00:21:15", "text": "money, for instance, from Starink. Um"}, {"start": "00:21:13", "end": "00:21:17", "text": "which I guess is is something that's"}, {"start": "00:21:15", "end": "00:21:19", "text": "going to keep growing and growing. But I"}, {"start": "00:21:17", "end": "00:21:21", "text": "mean, I don't think that I don't think"}, {"start": "00:21:19", "end": "00:21:23", "text": "Starink alone is is going to generate"}, {"start": "00:21:21", "end": "00:21:26", "text": "enough to justify a $2 trillion IPO"}, {"start": "00:21:23", "end": "00:21:29", "text": "price. So, I mean, I I think probably in"}, {"start": "00:21:26", "end": "00:21:31", "text": "terms of in terms of real revenue for"}, {"start": "00:21:29", "end": "00:21:33", "text": "something like SpaceX, we're talking"}, {"start": "00:21:31", "end": "00:21:35", "text": "decades. and by which point it could be"}, {"start": "00:21:33", "end": "00:21:39", "text": "it could be making insane amounts of"}, {"start": "00:21:35", "end": "00:21:42", "text": "money. But um I guess we're in this era"}, {"start": "00:21:39", "end": "00:21:44", "text": "of of you know so many new companies, so"}, {"start": "00:21:42", "end": "00:21:46", "text": "many exciting new things coming to"}, {"start": "00:21:44", "end": "00:21:47", "text": "market that I guess maybe the risk is"}, {"start": "00:21:46", "end": "00:21:49", "text": "that people aren't patient enough"}, {"start": "00:21:47", "end": "00:21:53", "text": "because I think when you're when you're"}, {"start": "00:21:49", "end": "00:21:54", "text": "literally exploring a new frontier, um"}, {"start": "00:21:53", "end": "00:21:56", "text": "that's not something that's just going"}, {"start": "00:21:54", "end": "00:21:58", "text": "to open up overnight. You know, this is"}, {"start": "00:21:56", "end": "00:22:01", "text": "something that's probably going to take"}, {"start": "00:21:58", "end": "00:22:05", "text": "I imagine SpaceX will burn through money"}, {"start": "00:22:01", "end": "00:22:08", "text": "for for years um until eventually it h"}, {"start": "00:22:05", "end": "00:22:10", "text": "it comes to rule over uh all of us."}, {"start": "00:22:08", "end": "00:22:11", "text": ">> I got to say that's true. And then just"}, {"start": "00:22:10", "end": "00:22:13", "text": "to go back to your point on Starlink, I"}, {"start": "00:22:11", "end": "00:22:15", "text": "have Starlink. It works fantastic. They"}, {"start": "00:22:13", "end": "00:22:16", "text": "raised my price by 20 bucks. So maybe"}, {"start": "00:22:15", "end": "00:22:19", "text": "that's where they're getting all their"}, {"start": "00:22:16", "end": "00:22:21", "text": "funding from. Anyhow,"}, {"start": "00:22:19", "end": "00:22:22", "text": "that's a good answer."}, {"start": "00:22:21", "end": "00:22:25", "text": ">> They also have a lot of They also have a"}, {"start": "00:22:22", "end": "00:22:26", "text": "lot of uh AI compute investments and"}, {"start": "00:22:25", "end": "00:22:27", "text": "stuff. So"}, {"start": "00:22:26", "end": "00:22:29", "text": ">> yes,"}, {"start": "00:22:27", "end": "00:22:32", "text": ">> and and you know they can make money"}, {"start": "00:22:29", "end": "00:22:33", "text": "like launching satellites. Um that's"}, {"start": "00:22:32", "end": "00:22:35", "text": "going to probably be a big revenue"}, {"start": "00:22:33", "end": "00:22:37", "text": "stream as well. I think"}, {"start": "00:22:35", "end": "00:22:38", "text": ">> I mean they have I think I mean I yeah"}, {"start": "00:22:37", "end": "00:22:41", "text": "it's probably going to take some money"}, {"start": "00:22:38", "end": "00:22:43", "text": "out of the market but long term I think"}, {"start": "00:22:41", "end": "00:22:46", "text": "SpaceX is probably a bullish thing you"}, {"start": "00:22:43", "end": "00:22:48", "text": "know in the short term right absolutely"}, {"start": "00:22:46", "end": "00:22:50", "text": "it probably will take"}, {"start": "00:22:48", "end": "00:22:52", "text": "kind of suck liquidity out of the market"}, {"start": "00:22:50", "end": "00:22:55", "text": "for a little bit and probably have a"}, {"start": "00:22:52", "end": "00:22:58", "text": "correction in the S&P but long term I've"}, {"start": "00:22:55", "end": "00:22:59", "text": "learned never to bet against Elon Musk"}, {"start": "00:22:58", "end": "00:23:01", "text": ">> that's the truth you know it's it's kind"}, {"start": "00:22:59", "end": "00:23:03", "text": "of like going back like the dot era I"}, {"start": "00:23:01", "end": "00:23:05", "text": "mean we saw so many different companies"}, {"start": "00:23:03", "end": "00:23:07", "text": "crash but the ones that made it are the"}, {"start": "00:23:05", "end": "00:23:08", "text": "ones that are being they're the huge"}, {"start": "00:23:07", "end": "00:23:10", "text": "they're the behemoths. They're the"}, {"start": "00:23:08", "end": "00:23:12", "text": "Amazon and the meta of the world. Just"}, {"start": "00:23:10", "end": "00:23:13", "text": "got to find the right one. And like Ben"}, {"start": "00:23:12", "end": "00:23:16", "text": "said, there's some short-term pain for"}, {"start": "00:23:13", "end": "00:23:17", "text": "some long-term gain. This would be like"}, {"start": "00:23:16", "end": "00:23:20", "text": "a great segue to this question. It's a"}, {"start": "00:23:17", "end": "00:23:23", "text": "good question. I'm direct this to Ben."}, {"start": "00:23:20", "end": "00:23:25", "text": "Would you sell some more crypto now to"}, {"start": "00:23:23", "end": "00:23:26", "text": "reallocate another asset classes that"}, {"start": "00:23:25", "end": "00:23:28", "text": "will probably do better until Q4? I"}, {"start": "00:23:26", "end": "00:23:30", "text": "think all of us here have taken the"}, {"start": "00:23:28", "end": "00:23:32", "text": "profits that we're going to take. I"}, {"start": "00:23:30", "end": "00:23:35", "text": "don't know if we want to talk about"}, {"start": "00:23:32", "end": "00:23:36", "text": "selling even more into weakness, but are"}, {"start": "00:23:35", "end": "00:23:38", "text": "you getting into other different types"}, {"start": "00:23:36", "end": "00:23:40", "text": "of investments at this point? I know"}, {"start": "00:23:38", "end": "00:23:42", "text": "Ben, you were kind of going to like the"}, {"start": "00:23:40", "end": "00:23:44", "text": "more world view."}, {"start": "00:23:42", "end": "00:23:46", "text": ">> I mean, I I think the time to sell was"}, {"start": "00:23:44", "end": "00:23:48", "text": "Q4 of last year. I you know, you don't"}, {"start": "00:23:46", "end": "00:23:50", "text": "want you don't really want to get in the"}, {"start": "00:23:48", "end": "00:23:52", "text": "business of like panic selling during"}, {"start": "00:23:50", "end": "00:23:54", "text": "crash like during drops and stuff"}, {"start": "00:23:52", "end": "00:23:56", "text": "because, you know, there's also for a"}, {"start": "00:23:54", "end": "00:23:59", "text": "lot of people there's tax implications"}, {"start": "00:23:56", "end": "00:24:01", "text": "associated with that. Um, you know,"}, {"start": "00:23:59", "end": "00:24:04", "text": "let's say you were to sell Bitcoin right"}, {"start": "00:24:01", "end": "00:24:06", "text": "now and then go buy energy. Uh, who's to"}, {"start": "00:24:04", "end": "00:24:10", "text": "know if that will work out in 2022?"}, {"start": "00:24:06", "end": "00:24:12", "text": "Energy topped in June, you know. So, I"}, {"start": "00:24:10", "end": "00:24:14", "text": "you I don't I I think when you're when"}, {"start": "00:24:12", "end": "00:24:16", "text": "you're this far into the midterm year,"}, {"start": "00:24:14", "end": "00:24:18", "text": "it's more so just write it off as"}, {"start": "00:24:16", "end": "00:24:20", "text": "tuition as to if you've sort of"}, {"start": "00:24:18", "end": "00:24:22", "text": "experienced pain in your portfolio. I"}, {"start": "00:24:20", "end": "00:24:24", "text": "don't generally recommend, you know, and"}, {"start": "00:24:22", "end": "00:24:26", "text": "the thing is is like we never get these"}, {"start": "00:24:24", "end": "00:24:27", "text": "questions when the market's going up."}, {"start": "00:24:26", "end": "00:24:27", "text": "Um,"}, {"start": "00:24:27", "end": "00:24:29", "text": ">> of course,"}, {"start": "00:24:27", "end": "00:24:32", "text": ">> we typically just get it when the"}, {"start": "00:24:29", "end": "00:24:33", "text": "market's going down. And so, like I I"}, {"start": "00:24:32", "end": "00:24:34", "text": "you know, I I'll stand by what I said. I"}, {"start": "00:24:33", "end": "00:24:37", "text": "think the time if you're gonna sell"}, {"start": "00:24:34", "end": "00:24:41", "text": "crypto, I think the time to do it was"}, {"start": "00:24:37", "end": "00:24:43", "text": "last year. And, you know, as we get into"}, {"start": "00:24:41", "end": "00:24:46", "text": "like the July time frame, like I'll"}, {"start": "00:24:43", "end": "00:24:47", "text": "start looking to to probably maybe even"}, {"start": "00:24:46", "end": "00:24:49", "text": "start buying as early, you know,"}, {"start": "00:24:47", "end": "00:24:52", "text": "sometime later this summer. Um, I don't"}, {"start": "00:24:49", "end": "00:24:54", "text": "I don't think you have to like wait to"}, {"start": "00:24:52", "end": "00:24:56", "text": "be convinced the bottom is in to start"}, {"start": "00:24:54", "end": "00:24:58", "text": "buying. Like I don't you if you think"}, {"start": "00:24:56", "end": "00:25:00", "text": "about it in 2022, if you started buying"}, {"start": "00:24:58", "end": "00:25:03", "text": "in July and August when Bitcoin was at"}, {"start": "00:25:00", "end": "00:25:05", "text": "20K, it only marginally went lower in"}, {"start": "00:25:03", "end": "00:25:09", "text": "the year and anyone who bought at like"}, {"start": "00:25:05", "end": "00:25:12", "text": "20K in July of 2022 ended up making a"}, {"start": "00:25:09", "end": "00:25:14", "text": "lot of money. So I I think just kind of"}, {"start": "00:25:12", "end": "00:25:17", "text": "get through the I mean we're only we"}, {"start": "00:25:14", "end": "00:25:18", "text": "only got one more month in the um in the"}, {"start": "00:25:17", "end": "00:25:21", "text": "first half of 2026 and that's normally"}, {"start": "00:25:18", "end": "00:25:23", "text": "the time to just ignore crypto."}, {"start": "00:25:21", "end": "00:25:25", "text": "probably start looking to maybe get"}, {"start": "00:25:23", "end": "00:25:27", "text": "positions in the back half of 2026."}, {"start": "00:25:25", "end": "00:25:30", "text": ">> Yeah, exactly. I can see that. Guy, same"}, {"start": "00:25:27", "end": "00:25:34", "text": "thing. What do you think?"}, {"start": "00:25:30", "end": "00:25:36", "text": ">> Yeah. Yeah, I I I agree. I mean, I I'm I"}, {"start": "00:25:34", "end": "00:25:39", "text": "would perhaps sell a little bit more"}, {"start": "00:25:36", "end": "00:25:43", "text": "crypto um things that are performing"}, {"start": "00:25:39", "end": "00:25:45", "text": "well. I've sold some hype recently. Um,"}, {"start": "00:25:43", "end": "00:25:46", "text": "but if we get another if we get another"}, {"start": "00:25:45", "end": "00:25:51", "text": "pump on that, then I would take some"}, {"start": "00:25:46", "end": "00:25:53", "text": "more profits on that. Um, so, uh, yeah,"}, {"start": "00:25:51", "end": "00:25:56", "text": "but I I think Ben's I think Ben's right."}, {"start": "00:25:53", "end": "00:25:57", "text": "You know, the time to sell was a while"}, {"start": "00:25:56", "end": "00:25:59", "text": "back. If you have conviction in the"}, {"start": "00:25:57", "end": "00:26:02", "text": "projects that you're holding at the"}, {"start": "00:25:59", "end": "00:26:03", "text": "moment, then, you know, I I think I"}, {"start": "00:26:02", "end": "00:26:04", "text": "think holding is probably the thing to"}, {"start": "00:26:03", "end": "00:26:07", "text": "do."}, {"start": "00:26:04", "end": "00:26:09", "text": ">> Very well. I can see that. Uh, I'm"}, {"start": "00:26:07", "end": "00:26:11", "text": "sorry. I I keep laughing at um at these"}, {"start": "00:26:09", "end": "00:26:14", "text": "comments. I got to tell you, we have"}, {"start": "00:26:11", "end": "00:26:16", "text": "some of the best most uh enlightened uh"}, {"start": "00:26:14", "end": "00:26:18", "text": "people that that that come in as far as"}, {"start": "00:26:16", "end": "00:26:20", "text": "like our subscribers. And this is from"}, {"start": "00:26:18", "end": "00:26:22", "text": "Metafactor. Welcome to the three"}, {"start": "00:26:20", "end": "00:26:24", "text": "negativo show."}, {"start": "00:26:22", "end": "00:26:25", "text": ">> Uh very nice."}, {"start": "00:26:24", "end": "00:26:28", "text": ">> You know, you know, a really good"}, {"start": "00:26:25", "end": "00:26:29", "text": "indicator of when to sell Bitcoin. It's"}, {"start": "00:26:28", "end": "00:26:31", "text": "when everyone's dunking on me on"}, {"start": "00:26:29", "end": "00:26:33", "text": "Twitter."}, {"start": "00:26:31", "end": "00:26:33", "text": ">> It's like that's like all the time, Ben."}, {"start": "00:26:33", "end": "00:26:36", "text": "What are you talking about? You're like"}, {"start": "00:26:33", "end": "00:26:38", "text": "the most hated man on Twitter."}, {"start": "00:26:36", "end": "00:26:40", "text": ">> I don't know why."}, {"start": "00:26:38", "end": "00:26:41", "text": "If we if we sold every time you got"}, {"start": "00:26:40", "end": "00:26:43", "text": "dunked on on Twitter, Ben, none of us"}, {"start": "00:26:41", "end": "00:26:44", "text": "would have any anything left. I'd have"}, {"start": "00:26:43", "end": "00:26:45", "text": "sold everything."}, {"start": "00:26:44", "end": "00:26:47", "text": ">> Yeah, exactly. I would have I would have"}, {"start": "00:26:45", "end": "00:26:50", "text": "bought one."}, {"start": "00:26:47", "end": "00:26:52", "text": ">> Like what? I don't know."}, {"start": "00:26:50", "end": "00:26:54", "text": ">> No, I don't know."}, {"start": "00:26:52", "end": "00:26:58", "text": ">> It's It's interesting, isn't it? It that"}, {"start": "00:26:54", "end": "00:27:00", "text": "that people uh that people don't like um"}, {"start": "00:26:58", "end": "00:27:02", "text": "bearishness, you know. I mean, I can I"}, {"start": "00:27:00", "end": "00:27:05", "text": "can understand it. I can understand why"}, {"start": "00:27:02", "end": "00:27:07", "text": "people um uh you know they want to hear"}, {"start": "00:27:05", "end": "00:27:10", "text": "good news and things like that, but it"}, {"start": "00:27:07", "end": "00:27:12", "text": "it does kind of it's always it's always"}, {"start": "00:27:10", "end": "00:27:14", "text": "something that strikes me as strange."}, {"start": "00:27:12", "end": "00:27:15", "text": "It's just like no no don't don't tell us"}, {"start": "00:27:14", "end": "00:27:17", "text": "what you think. Tell us what you think"}, {"start": "00:27:15", "end": "00:27:21", "text": "we want to hear. It's like right"}, {"start": "00:27:17", "end": "00:27:22", "text": ">> I'm not sure that'll do anyone any good."}, {"start": "00:27:21", "end": "00:27:23", "text": ">> Yeah, I think so."}, {"start": "00:27:22", "end": "00:27:24", "text": ">> Yeah, fair."}, {"start": "00:27:23", "end": "00:27:26", "text": ">> Nobody Everybody wants to hear their"}, {"start": "00:27:24", "end": "00:27:27", "text": "opinion coming out of your mouth. That's"}, {"start": "00:27:26", "end": "00:27:28", "text": "pretty much how it goes,"}, {"start": "00:27:27", "end": "00:27:30", "text": ">> right?"}, {"start": "00:27:28", "end": "00:27:34", "text": ">> And then uh last question. Where did I"}, {"start": "00:27:30", "end": "00:27:34", "text": "put it?"}, {"start": "00:27:35", "end": "00:27:41", "text": "The coin indicator. Have you used the"}, {"start": "00:27:39", "end": "00:27:44", "text": "There was um"}, {"start": "00:27:41", "end": "00:27:46", "text": "ah here it is. Last question which is"}, {"start": "00:27:44", "end": "00:27:48", "text": "pretty good. This is for guy and Ben."}, {"start": "00:27:46", "end": "00:27:50", "text": "Can you provide a view if we go into"}, {"start": "00:27:48", "end": "00:27:53", "text": "recession how crypto will behave? I I"}, {"start": "00:27:50", "end": "00:27:55", "text": "think I would just think it's going to"}, {"start": "00:27:53", "end": "00:27:57", "text": "be not too positive but recession time"}, {"start": "00:27:55", "end": "00:27:59", "text": "and things going down. What's your guys'"}, {"start": "00:27:57", "end": "00:28:01", "text": "thoughts about uh what we should be for"}, {"start": "00:27:59", "end": "00:28:03", "text": "altcoins and Bitcoin? How would that"}, {"start": "00:28:01", "end": "00:28:06", "text": "hold up? As a reminder,"}, {"start": "00:28:03", "end": "00:28:08", "text": ">> I think I think Bitcoin would probably"}, {"start": "00:28:06", "end": "00:28:09", "text": "bottom. I I would say there's a good"}, {"start": "00:28:08", "end": "00:28:12", "text": "chance Bitcoin would bottom before the"}, {"start": "00:28:09", "end": "00:28:14", "text": "recession is announced. Um like on"}, {"start": "00:28:12", "end": "00:28:16", "text": "average, the stock market bottoms like"}, {"start": "00:28:14", "end": "00:28:18", "text": "15 day. If you look at like the last six"}, {"start": "00:28:16", "end": "00:28:21", "text": "or seven recessions, uh the stock market"}, {"start": "00:28:18", "end": "00:28:24", "text": "has bottomed like 15 days before the"}, {"start": "00:28:21", "end": "00:28:26", "text": "recession is declared. And I think that"}, {"start": "00:28:24", "end": "00:28:28", "text": "Bitcoin would probably bottom earlier"}, {"start": "00:28:26", "end": "00:28:29", "text": "than that because it's further, you"}, {"start": "00:28:28", "end": "00:28:31", "text": "know, it's further up the risk curve. It"}, {"start": "00:28:29", "end": "00:28:34", "text": "tends to price things in a lot quicker."}, {"start": "00:28:31", "end": "00:28:37", "text": "Uh so you also have to think too like if"}, {"start": "00:28:34", "end": "00:28:39", "text": "if we think about like why crypto is"}, {"start": "00:28:37", "end": "00:28:41", "text": "underperforming so much right now. I"}, {"start": "00:28:39", "end": "00:28:43", "text": "think the argument is that like crypto"}, {"start": "00:28:41", "end": "00:28:45", "text": "is more dependent on looser monetary"}, {"start": "00:28:43", "end": "00:28:47", "text": "policy than the stock market is. And the"}, {"start": "00:28:45", "end": "00:28:49", "text": "reason why crypto keeps going down is"}, {"start": "00:28:47", "end": "00:28:51", "text": "well because of the four-ear cycle. But"}, {"start": "00:28:49", "end": "00:28:53", "text": "if you need a narrative to support it,"}, {"start": "00:28:51", "end": "00:28:55", "text": "it's because, you know, energy prices"}, {"start": "00:28:53", "end": "00:28:57", "text": "have gone up, inflation's heading"}, {"start": "00:28:55", "end": "00:28:59", "text": "higher, and now all this all these rate"}, {"start": "00:28:57", "end": "00:29:00", "text": "cuts have have gotten priced out of the"}, {"start": "00:28:59", "end": "00:29:03", "text": "curve. Like, they've completely been"}, {"start": "00:29:00", "end": "00:29:05", "text": "priced out. Um, and now the market's"}, {"start": "00:29:03", "end": "00:29:08", "text": "starting to price on rate hikes. So, you"}, {"start": "00:29:05", "end": "00:29:10", "text": "could argue that if there was fear"}, {"start": "00:29:08", "end": "00:29:13", "text": "around recessions, right, if the labor"}, {"start": "00:29:10", "end": "00:29:14", "text": "market was really starting to weaken and"}, {"start": "00:29:13", "end": "00:29:17", "text": "if the unemployment rate was starting to"}, {"start": "00:29:14", "end": "00:29:19", "text": "move higher, that would actually lead to"}, {"start": "00:29:17", "end": "00:29:22", "text": "probably looser monetary policy, which"}, {"start": "00:29:19", "end": "00:29:25", "text": "would actually pretty um you know,"}, {"start": "00:29:22", "end": "00:29:26", "text": "pretty positively affect Bitcoin. But"}, {"start": "00:29:25", "end": "00:29:28", "text": "again, we're not we're not at that point"}, {"start": "00:29:26", "end": "00:29:29", "text": "in the cycle right now. like we're just"}, {"start": "00:29:28", "end": "00:29:31", "text": "in the psych part of the cycle where"}, {"start": "00:29:29", "end": "00:29:33", "text": "where the riskier stuff keeps bleeding"}, {"start": "00:29:31", "end": "00:29:35", "text": "out to the lower risk stuff because"}, {"start": "00:29:33", "end": "00:29:36", "text": "there's not a recession, right? It's"}, {"start": "00:29:35", "end": "00:29:38", "text": "because it's because there's not a"}, {"start": "00:29:36", "end": "00:29:40", "text": "recession that the market's pricing in"}, {"start": "00:29:38", "end": "00:29:42", "text": "rate hikes. Um if if the market was"}, {"start": "00:29:40", "end": "00:29:43", "text": "worried about a recession, we certainly"}, {"start": "00:29:42", "end": "00:29:45", "text": "wouldn't be pricing in rate hikes right"}, {"start": "00:29:43", "end": "00:29:48", "text": "now. So"}, {"start": "00:29:45", "end": "00:29:50", "text": ">> rate hikes, we'll see if uh Kevin Worsh"}, {"start": "00:29:48", "end": "00:29:52", "text": "does it. Guy, anything to add for that"}, {"start": "00:29:50", "end": "00:29:54", "text": "one before we get out of here?"}, {"start": "00:29:52", "end": "00:29:56", "text": ">> Not much. I I think it's Yeah. Ben"}, {"start": "00:29:54", "end": "00:29:58", "text": "mentioned that that that crypto is"}, {"start": "00:29:56", "end": "00:30:00", "text": "something that you know it tends to it"}, {"start": "00:29:58", "end": "00:30:02", "text": "tends to react quicker to to to news"}, {"start": "00:30:00", "end": "00:30:05", "text": "than than other asset classes and I"}, {"start": "00:30:02", "end": "00:30:07", "text": "think I think yeah you know I think for"}, {"start": "00:30:05", "end": "00:30:10", "text": "a lot of people for most people probably"}, {"start": "00:30:07", "end": "00:30:13", "text": "it is the more disposable asset class."}, {"start": "00:30:10", "end": "00:30:14", "text": "So, um, yeah, I mean, if we if if a"}, {"start": "00:30:13", "end": "00:30:16", "text": "recession was to be announced, I mean, I"}, {"start": "00:30:14", "end": "00:30:18", "text": "guess one of the things about recessions"}, {"start": "00:30:16", "end": "00:30:20", "text": "is that they're usually by the time um"}, {"start": "00:30:18", "end": "00:30:22", "text": "they've got round to being announced,"}, {"start": "00:30:20", "end": "00:30:26", "text": "you know, they're usually nearly over."}, {"start": "00:30:22", "end": "00:30:28", "text": "Um, but I guess, you know, it may it"}, {"start": "00:30:26", "end": "00:30:30", "text": "depends how people react to it and how"}, {"start": "00:30:28", "end": "00:30:32", "text": "people feel. you know, if people are"}, {"start": "00:30:30", "end": "00:30:34", "text": "feeling pinched, if if it's a really"}, {"start": "00:30:32", "end": "00:30:37", "text": "tough recession and people are losing"}, {"start": "00:30:34", "end": "00:30:39", "text": "their jobs um and need to find liquidity"}, {"start": "00:30:37", "end": "00:30:40", "text": "from somewhere or even just think that"}, {"start": "00:30:39", "end": "00:30:42", "text": "they need to find liquidity from"}, {"start": "00:30:40", "end": "00:30:45", "text": "somewhere, then then crypto will be"}, {"start": "00:30:42", "end": "00:30:47", "text": "first on the first on the block."}, {"start": "00:30:45", "end": "00:30:50", "text": ">> Well said. Well said. All right,"}, {"start": "00:30:47", "end": "00:30:50", "text": "everybody."}, {"start": "00:30:53", "end": "00:30:57", "text": ">> I just probably got to do the dance,"}, {"start": "00:30:56", "end": "00:30:58", "text": "right?"}, {"start": "00:30:57", "end": "00:30:59", "text": ">> Keep doing it. I don't know why people"}, {"start": "00:30:58", "end": "00:31:02", "text": "dunk on you, Benny. You're a very"}, {"start": "00:30:59", "end": "00:31:03", "text": "entertaining guy. This is so so unfair."}, {"start": "00:31:02", "end": "00:31:05", "text": "All right, everybody. So, that's it for"}, {"start": "00:31:03", "end": "00:31:06", "text": "for today for the NFL live show. I want"}, {"start": "00:31:05", "end": "00:31:08", "text": "to keep things a little bit quick so you"}, {"start": "00:31:06", "end": "00:31:10", "text": "can get in on your life. But again,"}, {"start": "00:31:08", "end": "00:31:11", "text": "follow Guy and Ben. Plethora of"}, {"start": "00:31:10", "end": "00:31:13", "text": "different information you can find in"}, {"start": "00:31:11", "end": "00:31:16", "text": "the description. That's it for this one."}, {"start": "00:31:13", "end": "00:31:17", "text": "So, we will see you guys next week as"}, {"start": "00:31:16", "end": "00:31:20", "text": "we've got uh this will be on Guy's"}, {"start": "00:31:17", "end": "00:31:24", "text": "channel. So, thanks everybody. See you"}, {"start": "00:31:20", "end": "00:31:24", "text": "on the next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "It's just uh launched the SoFi USD"}, {"start": "00:00:02", "end": "00:00:06", "text": "stable coin"}, {"start": "00:00:04", "end": "00:00:09", "text": "on SoFi, which is a bank. It's the first"}, {"start": "00:00:06", "end": "00:00:10", "text": "stablecoin issued by a US nationally"}, {"start": "00:00:09", "end": "00:00:13", "text": "chartered bank. So, congratulations"}, {"start": "00:00:10", "end": "00:00:15", "text": "Solana as they move forward with"}, {"start": "00:00:13", "end": "00:00:17", "text": "real-world assets. Also, on top of that,"}, {"start": "00:00:15", "end": "00:00:20", "text": "real-world market assets uh hit 51"}, {"start": "00:00:17", "end": "00:00:21", "text": "billion as tokenized private credit"}, {"start": "00:00:20", "end": "00:00:25", "text": "surges. I didn't know it was a big"}, {"start": "00:00:21", "end": "00:00:27", "text": "thing. Tokenized private credit"}, {"start": "00:00:25", "end": "00:00:29", "text": "leading and figure leading RWA platforms"}, {"start": "00:00:27", "end": "00:00:31", "text": "with 18 billion in tokenized assets."}, {"start": "00:00:29", "end": "00:00:35", "text": "Private credit accounted for uh almost"}, {"start": "00:00:31", "end": "00:00:36", "text": "50% of total real-world asset value,"}, {"start": "00:00:35", "end": "00:00:37", "text": "reflecting the growing use of"}, {"start": "00:00:36", "end": "00:00:41", "text": "blockchain-based infrastructure for"}, {"start": "00:00:37", "end": "00:00:43", "text": "lending and fund structures."}, {"start": "00:00:41", "end": "00:00:45", "text": "51 billion valuation sits well above"}, {"start": "00:00:43", "end": "00:00:47", "text": "other industry estimates such as RWA"}, {"start": "00:00:45", "end": "00:00:50", "text": "XYZ's 34 billion. But, I'm like, you"}, {"start": "00:00:47", "end": "00:00:52", "text": "know, 51 billion as it's grown month"}, {"start": "00:00:50", "end": "00:00:54", "text": "over month and now I guess year over"}, {"start": "00:00:52", "end": "00:00:56", "text": "year, real-world assets have been doing"}, {"start": "00:00:54", "end": "00:00:58", "text": "great. And if we're going to say 51"}, {"start": "00:00:56", "end": "00:01:02", "text": "billion as far as by Bernstein research,"}, {"start": "00:00:58", "end": "00:01:02", "text": "we'll take a look at RWA."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "As it,"}, {"start": "00:00:01", "end": "00:00:05", "text": "the title and thumbnail suggests, this"}, {"start": "00:00:03", "end": "00:00:06", "text": "is where we get to it. The Bitcoin"}, {"start": "00:00:05", "end": "00:00:09", "text": "demand."}, {"start": "00:00:06", "end": "00:00:12", "text": "And it's going down."}, {"start": "00:00:09", "end": "00:00:14", "text": "Bitcoin demand gauge sinks to worst"}, {"start": "00:00:12", "end": "00:00:16", "text": "level since December as spot buying"}, {"start": "00:00:14", "end": "00:00:19", "text": "weakens."}, {"start": "00:00:16", "end": "00:00:21", "text": "And it states, \"The rally has been"}, {"start": "00:00:19", "end": "00:00:23", "text": "driven more by futures than by spot"}, {"start": "00:00:21", "end": "00:00:24", "text": "buying.\" That'll be the stuff that we"}, {"start": "00:00:23", "end": "00:00:27", "text": "and you do."}, {"start": "00:00:24", "end": "00:00:29", "text": "Usually the retail and even places like"}, {"start": "00:00:27", "end": "00:00:31", "text": "strategy the same thing, spot buying."}, {"start": "00:00:29", "end": "00:00:33", "text": "As evidenced by persistently negative"}, {"start": "00:00:31", "end": "00:00:35", "text": "Coinbase premiums"}, {"start": "00:00:33", "end": "00:00:38", "text": "leaving prices vulnerable because"}, {"start": "00:00:35", "end": "00:00:40", "text": "leveraged positions can unwind quickly."}, {"start": "00:00:38", "end": "00:00:43", "text": "How quickly? This quickly."}, {"start": "00:00:40", "end": "00:00:45", "text": "Bitcoin pumps 1,400 bucks as we and"}, {"start": "00:00:43", "end": "00:00:47", "text": "liquidated 25 million worth of shorts in"}, {"start": "00:00:45", "end": "00:00:50", "text": "60 minutes."}, {"start": "00:00:47", "end": "00:00:53", "text": "But then it dumped $1,400 and liquidated"}, {"start": "00:00:50", "end": "00:00:54", "text": "15 million worth of longs in the next 15"}, {"start": "00:00:53", "end": "00:00:55", "text": "minutes."}, {"start": "00:00:54", "end": "00:00:57", "text": "And if you don't think that's"}, {"start": "00:00:55", "end": "00:00:58", "text": "manipulation, I've got a bridge to sell"}, {"start": "00:00:57", "end": "00:00:59", "text": "you."}, {"start": "00:00:58", "end": "00:01:02", "text": "So,"}, {"start": "00:00:59", "end": "00:01:04", "text": "why not?"}, {"start": "00:01:02", "end": "00:01:06", "text": "Why not take a look at this and see this"}, {"start": "00:01:04", "end": "00:01:09", "text": "and go, \"This is what it is as there is"}, {"start": "00:01:06", "end": "00:01:10", "text": "a looks like a lagging amount of"}, {"start": "00:01:09", "end": "00:01:12", "text": "demand.\""}, {"start": "00:01:10", "end": "00:01:15", "text": "And this metric compares new miner"}, {"start": "00:01:12", "end": "00:01:17", "text": "supply and older coins"}, {"start": "00:01:15", "end": "00:01:21", "text": "returning to circulation with the amount"}, {"start": "00:01:17", "end": "00:01:21", "text": "of Bitcoin that the market is absorbing."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Well everybody, I could be wrong. Uh"}, {"start": "00:00:04", "end": "00:00:08", "text": "this does happen from time to time and"}, {"start": "00:00:06", "end": "00:00:10", "text": "uh I got to tell you if I am wrong I am"}, {"start": "00:00:08", "end": "00:00:12", "text": "going to be very happy and before we get"}, {"start": "00:00:10", "end": "00:00:13", "text": "into talk about clarity act and"}, {"start": "00:00:12", "end": "00:00:15", "text": "everything else I just want to warn"}, {"start": "00:00:13", "end": "00:00:18", "text": "everybody right now that uh like I"}, {"start": "00:00:15", "end": "00:00:21", "text": "posted here first of all hello bot uh"}, {"start": "00:00:18", "end": "00:00:23", "text": "today is a very positive episode which"}, {"start": "00:00:21", "end": "00:00:25", "text": "is going to be drastically different"}, {"start": "00:00:23", "end": "00:00:28", "text": "than what you are used to. So, I'm going"}, {"start": "00:00:25", "end": "00:00:33", "text": "to apologize in advance for this uh"}, {"start": "00:00:28", "end": "00:00:36", "text": "overly positive bullish show. So, this"}, {"start": "00:00:33", "end": "00:00:38", "text": "is what we're talking about. So, today,"}, {"start": "00:00:36", "end": "00:00:40", "text": "this was actually from uh Bitcoin News."}, {"start": "00:00:38", "end": "00:00:43", "text": "Coinbase builds an 8 figure political"}, {"start": "00:00:40", "end": "00:00:46", "text": "war chest. Coinbase and CEO Brian"}, {"start": "00:00:43", "end": "00:00:47", "text": "Armstrong helped to build it and uh"}, {"start": "00:00:46", "end": "00:00:49", "text": "Brian Armstrong himself actually donated"}, {"start": "00:00:47", "end": "00:00:52", "text": "$1 million"}, {"start": "00:00:49", "end": "00:00:55", "text": "to the grant that is Fairshake. It's a"}, {"start": "00:00:52", "end": "00:00:57", "text": "cryptofocused super PAC backing pro-"}, {"start": "00:00:55", "end": "00:00:59", "text": "digital asset candidates. And then of"}, {"start": "00:00:57", "end": "00:01:03", "text": "course, Coinbase also contributes almost"}, {"start": "00:00:59", "end": "00:01:05", "text": "25 million, which for the total for fair"}, {"start": "00:01:03", "end": "00:01:07", "text": "shake is 85 million. So again, Coinbase"}, {"start": "00:01:05", "end": "00:01:10", "text": "and and Armstrong are essentially"}, {"start": "00:01:07", "end": "00:01:13", "text": "contributing a third of the entire fair"}, {"start": "00:01:10", "end": "00:01:15", "text": "shake cryptofocused super PAC, which is"}, {"start": "00:01:13", "end": "00:01:17", "text": "uh to me, I take a look at this and I"}, {"start": "00:01:15", "end": "00:01:18", "text": "think to myself, Brian Armstrong is"}, {"start": "00:01:17", "end": "00:01:19", "text": "probably a drop in the bucket. He's"}, {"start": "00:01:18", "end": "00:01:22", "text": "like, here's a million bucks. I found"}, {"start": "00:01:19", "end": "00:01:23", "text": "this in my couch cushion, so have at it."}, {"start": "00:01:22", "end": "00:01:25", "text": "So, that's good. And what's really good"}, {"start": "00:01:23", "end": "00:01:28", "text": "about this is that the pack supports"}, {"start": "00:01:25", "end": "00:01:29", "text": "crypto friendly candidates from both"}, {"start": "00:01:28", "end": "00:01:32", "text": "political parties. And I think it's"}, {"start": "00:01:29", "end": "00:01:34", "text": "going to pay off uh pretty massively"}, {"start": "00:01:32", "end": "00:01:36", "text": "with what's going on. First of all, this"}, {"start": "00:01:34", "end": "00:01:38", "text": "is from El Tourett. This was from"}, {"start": "00:01:36", "end": "00:01:41", "text": "yesterday. She said, \"Hey, there's a"}, {"start": "00:01:38", "end": "00:01:42", "text": "closely watched Texas primary runoffs,"}, {"start": "00:01:41", "end": "00:01:44", "text": "which I am vacationing in right now, El"}, {"start": "00:01:42", "end": "00:01:47", "text": "Paso, Texas. Beautiful, beautiful place."}, {"start": "00:01:44", "end": "00:01:48", "text": "You should visit.\" And there was a"}, {"start": "00:01:47", "end": "00:01:50", "text": "runoff and it looks like there was"}, {"start": "00:01:48", "end": "00:01:52", "text": "tetherbacked fellowship pack reported"}, {"start": "00:01:50", "end": "00:01:56", "text": "spending 500k on ads supporting Ken"}, {"start": "00:01:52", "end": "00:01:58", "text": "Paxton's bid for Texas Senate seat"}, {"start": "00:01:56", "end": "00:02:00", "text": "against John Cornin and also I found"}, {"start": "00:01:58", "end": "00:02:02", "text": "this interesting uh newly launched"}, {"start": "00:02:00", "end": "00:02:06", "text": "blockchain LF and also for fair shake"}, {"start": "00:02:02", "end": "00:02:10", "text": "donated a thus far undisclosed amount to"}, {"start": "00:02:06", "end": "00:02:13", "text": "CD manifi meanfi I don't know a democrat"}, {"start": "00:02:10", "end": "00:02:16", "text": "running to unseat representative Al"}, {"start": "00:02:13", "end": "00:02:18", "text": "Green in Texas 18. Wow, Al Green goes"}, {"start": "00:02:16", "end": "00:02:20", "text": "from singing to uh Congress. Just"}, {"start": "00:02:18", "end": "00:02:22", "text": "kidding. And uh that was last night."}, {"start": "00:02:20", "end": "00:02:25", "text": "Then this morning I woke up to this"}, {"start": "00:02:22", "end": "00:02:26", "text": "crypto industry nailed it. Ken Paxton"}, {"start": "00:02:25", "end": "00:02:28", "text": "backed by Fellowship Pack defeated John"}, {"start": "00:02:26", "end": "00:02:31", "text": "Cornin in the Republican Senate primary"}, {"start": "00:02:28", "end": "00:02:35", "text": "runoff. So now we have another uh"}, {"start": "00:02:31", "end": "00:02:36", "text": "senator from Texas who is pro crypto."}, {"start": "00:02:35", "end": "00:02:39", "text": "Sure. H and Terry Crew is going to get"}, {"start": "00:02:36", "end": "00:02:42", "text": "along quite nicely. Representative CD"}, {"start": "00:02:39", "end": "00:02:45", "text": "Meny and John uh Bonk also won. Is his"}, {"start": "00:02:42", "end": "00:02:47", "text": "name really Bonk? John Bonk. also won"}, {"start": "00:02:45", "end": "00:02:50", "text": "after receiving support from Fairshake"}, {"start": "00:02:47", "end": "00:02:52", "text": "and blockchain. Uh fairshake blocked"}, {"start": "00:02:50", "end": "00:02:55", "text": "back candidate Alex Mueller and S for"}, {"start": "00:02:52", "end": "00:02:57", "text": "Texas at Texas also won their races"}, {"start": "00:02:55", "end": "00:02:58", "text": "while color Texas is currently projected"}, {"start": "00:02:57", "end": "00:03:01", "text": "to wins. So it looks like everybody won"}, {"start": "00:02:58", "end": "00:03:06", "text": "and again this uh representative CD"}, {"start": "00:03:01", "end": "00:03:08", "text": "Christian D. Meny has beaten his"}, {"start": "00:03:06", "end": "00:03:12", "text": "Democrat counterpart. This is good. This"}, {"start": "00:03:08", "end": "00:03:15", "text": "is why you both different parties. So"}, {"start": "00:03:12", "end": "00:03:17", "text": "what does that mean? Well,"}, {"start": "00:03:15", "end": "00:03:19", "text": "that's pretty good for the Clarity Act."}, {"start": "00:03:17", "end": "00:03:21", "text": "My thesis was this."}, {"start": "00:03:19", "end": "00:03:25", "text": "I did not believe"}, {"start": "00:03:21", "end": "00:03:26", "text": "that in a midterm year that Democrats"}, {"start": "00:03:25", "end": "00:03:30", "text": "would move sides, but we actually saw"}, {"start": "00:03:26", "end": "00:03:33", "text": "this when the Clarity Act got out of the"}, {"start": "00:03:30", "end": "00:03:35", "text": "Senate Banking Committee and we had a"}, {"start": "00:03:33", "end": "00:03:38", "text": "split. It was a 1311 from Chairman Tim"}, {"start": "00:03:35", "end": "00:03:41", "text": "Scott and Elizabeth Warren. and out of"}, {"start": "00:03:38", "end": "00:03:43", "text": "those two actually defected and came"}, {"start": "00:03:41", "end": "00:03:45", "text": "over to the Republican side and voted to"}, {"start": "00:03:43", "end": "00:03:48", "text": "get it out of committee. Now, uh Ruben"}, {"start": "00:03:45", "end": "00:03:50", "text": "Ggo and Angela Als said specifically, we"}, {"start": "00:03:48", "end": "00:03:53", "text": "will not"}, {"start": "00:03:50", "end": "00:03:56", "text": "guaranteed to vote on the Clarity Act as"}, {"start": "00:03:53", "end": "00:03:58", "text": "it gets forward to the Senate."}, {"start": "00:03:56", "end": "00:04:00", "text": "But for right now, we're going to push"}, {"start": "00:03:58", "end": "00:04:04", "text": "this out of committee and let"}, {"start": "00:04:00", "end": "00:04:06", "text": "free markets or the free Congress reign"}, {"start": "00:04:04", "end": "00:04:09", "text": "and see where it goes from. So, in this"}, {"start": "00:04:06", "end": "00:04:12", "text": "situation, Elizabeth Warren has lost yet"}, {"start": "00:04:09", "end": "00:04:14", "text": "again. And Elizabeth Warren back in 2024"}, {"start": "00:04:12", "end": "00:04:16", "text": "started up an anti-crypto army. I'm sure"}, {"start": "00:04:14", "end": "00:04:18", "text": "you all remember that. And because of"}, {"start": "00:04:16", "end": "00:04:20", "text": "her and a lot of people like her, which"}, {"start": "00:04:18", "end": "00:04:24", "text": "I can't fault her. She's just doing what"}, {"start": "00:04:20", "end": "00:04:27", "text": "she thinks is right. So, so shoot me."}, {"start": "00:04:24", "end": "00:04:30", "text": "She did this and it cost the Democrat"}, {"start": "00:04:27", "end": "00:04:32", "text": "Democrats I believe uh the presidency"}, {"start": "00:04:30", "end": "00:04:34", "text": "and the Senate."}, {"start": "00:04:32", "end": "00:04:38", "text": "And because of that, they ran on an"}, {"start": "00:04:34", "end": "00:04:39", "text": "anti-crypto backing. And I think that is"}, {"start": "00:04:38", "end": "00:04:42", "text": "one of the issues that pushed things"}, {"start": "00:04:39", "end": "00:04:44", "text": "over the edge. We'll see. However, the"}, {"start": "00:04:42", "end": "00:04:48", "text": "sentiment for crypto right now isn't"}, {"start": "00:04:44", "end": "00:04:52", "text": "that hot. But it is interesting that"}, {"start": "00:04:48", "end": "00:04:54", "text": "these proc crypto candidates"}, {"start": "00:04:52", "end": "00:04:56", "text": "are actually winning. And then also on"}, {"start": "00:04:54", "end": "00:04:59", "text": "top of the good news, this is from Pete"}, {"start": "00:04:56", "end": "00:05:00", "text": "Rizzo, Bitcoin historian. He says here,"}, {"start": "00:04:59", "end": "00:05:02", "text": "\"Bloomberg just said live the Bitcoin"}, {"start": "00:05:00", "end": "00:05:04", "text": "and cryptoclarity act is now likely to"}, {"start": "00:05:02", "end": "00:05:06", "text": "pass before the midterms.\" First of all,"}, {"start": "00:05:04", "end": "00:05:08", "text": "I like Pete, but he always says this"}, {"start": "00:05:06", "end": "00:05:10", "text": "stuff like Bloomberg said this or Bl\""}, {"start": "00:05:08", "end": "00:05:14", "text": "and I'm like, \"No, this isn't Bloomberg."}, {"start": "00:05:10", "end": "00:05:17", "text": "This is actually"}, {"start": "00:05:14", "end": "00:05:19", "text": "Katrina Paglia, Panta Capital Chief"}, {"start": "00:05:17", "end": "00:05:22", "text": "Legal Officer, and she is on the"}, {"start": "00:05:19", "end": "00:05:24", "text": "Bloomberg show.\""}, {"start": "00:05:22", "end": "00:05:25", "text": "And this is what she says. And I think"}, {"start": "00:05:24", "end": "00:05:28", "text": "she's actually right. Take a listen to"}, {"start": "00:05:25", "end": "00:05:29", "text": "this. Um, Clarity had a huge week, a"}, {"start": "00:05:28", "end": "00:05:31", "text": "huge week two weeks ago, right? So, we"}, {"start": "00:05:29", "end": "00:05:34", "text": "had the Senate uh, Banking Committee"}, {"start": "00:05:31", "end": "00:05:35", "text": "pass it on a bipartisan basis, which is"}, {"start": "00:05:34", "end": "00:05:37", "text": "great. So, now it goes to the Senate"}, {"start": "00:05:35", "end": "00:05:39", "text": "Agriculture Committee to combine the two"}, {"start": "00:05:37", "end": "00:05:41", "text": "versions of the bill. And, you know,"}, {"start": "00:05:39", "end": "00:05:43", "text": "this is one of the biggest moves we've"}, {"start": "00:05:41", "end": "00:05:45", "text": "seen for legislation in the US for"}, {"start": "00:05:43", "end": "00:05:48", "text": "digital assets um, to date. So, we're"}, {"start": "00:05:45", "end": "00:05:50", "text": "all super excited about it and the"}, {"start": "00:05:48", "end": "00:05:53", "text": "momentum is building. Uh if you look at"}, {"start": "00:05:50", "end": "00:05:56", "text": "how she odds, we're over 50% likely that"}, {"start": "00:05:53", "end": "00:05:58", "text": "this is going to pass, which is huge. Um"}, {"start": "00:05:56", "end": "00:06:00", "text": "and the sentiment from a timing"}, {"start": "00:05:58", "end": "00:06:01", "text": "perspective is there's a push to get it"}, {"start": "00:06:00", "end": "00:06:03", "text": "done before the interims. There's"}, {"start": "00:06:01", "end": "00:06:04", "text": "momentum. And if you take a step back"}, {"start": "00:06:03", "end": "00:06:06", "text": "and you think about everything that's"}, {"start": "00:06:04", "end": "00:06:08", "text": "going on right now in the world, the"}, {"start": "00:06:06", "end": "00:06:11", "text": "fact that the administration and um DC"}, {"start": "00:06:08", "end": "00:06:13", "text": "is this focused on our asset space, our"}, {"start": "00:06:11", "end": "00:06:15", "text": "legislation is huge. It means that it's"}, {"start": "00:06:13", "end": "00:06:16", "text": "very important. Again, it's bipartisan,"}, {"start": "00:06:15", "end": "00:06:18", "text": "which we haven't seen before. We had two"}, {"start": "00:06:16", "end": "00:06:19", "text": "Democrats vote for Clary to move forward"}, {"start": "00:06:18", "end": "00:06:21", "text": "act"}, {"start": "00:06:19", "end": "00:06:22", "text": ">> like we talked about. So I found it"}, {"start": "00:06:21", "end": "00:06:24", "text": "interesting that people are now saying"}, {"start": "00:06:22", "end": "00:06:27", "text": "that this could actually go through. I"}, {"start": "00:06:24", "end": "00:06:28", "text": "am cautiously optimistic. I did not"}, {"start": "00:06:27", "end": "00:06:30", "text": "think this would go through, but I got"}, {"start": "00:06:28", "end": "00:06:33", "text": "to tell you the Republican side, they"}, {"start": "00:06:30", "end": "00:06:35", "text": "are pushing and pushing hard. This is uh"}, {"start": "00:06:33", "end": "00:06:37", "text": "Tim Scott and he comes out on Fox. I'm"}, {"start": "00:06:35", "end": "00:06:38", "text": "not going to play this. It's six minutes"}, {"start": "00:06:37", "end": "00:06:40", "text": "or so, but I'll link this in the"}, {"start": "00:06:38", "end": "00:06:42", "text": "description. He talks about how head"}, {"start": "00:06:40", "end": "00:06:46", "text": "clergy act is the future of finance and"}, {"start": "00:06:42", "end": "00:06:48", "text": "of course he was uh chair of the banking"}, {"start": "00:06:46", "end": "00:06:49", "text": "committee. So I think he would kind of"}, {"start": "00:06:48", "end": "00:06:51", "text": "want to be pushing that and move things"}, {"start": "00:06:49", "end": "00:06:53", "text": "forward. So hopefully the clarity act"}, {"start": "00:06:51", "end": "00:06:55", "text": "moves and we get this passed. Hopefully"}, {"start": "00:06:53", "end": "00:06:57", "text": "it goes way before the midterm"}, {"start": "00:06:55", "end": "00:07:00", "text": "elections. But remember there's only so"}, {"start": "00:06:57", "end": "00:07:01", "text": "much Senate time that can be uh"}, {"start": "00:07:00", "end": "00:07:03", "text": "dedicated to the Clarity Act. And if we"}, {"start": "00:07:01", "end": "00:07:06", "text": "don't get this done soon, I don't see"}, {"start": "00:07:03", "end": "00:07:08", "text": "this passing within the next four years,"}, {"start": "00:07:06", "end": "00:07:09", "text": "especially after midterms. Anyhow, let"}, {"start": "00:07:08", "end": "00:07:11", "text": "me know what you think about that in the"}, {"start": "00:07:09", "end": "00:07:13", "text": "comments section. Then also some more"}, {"start": "00:07:11", "end": "00:07:14", "text": "good news. And uh it's kind of like a"}, {"start": "00:07:13", "end": "00:07:19", "text": "sentiment thing. I'm not going to go"}, {"start": "00:07:14", "end": "00:07:21", "text": "over this, but uh uh Bloomberg Pete just"}, {"start": "00:07:19", "end": "00:07:23", "text": "in Bloomberg just said, well, I guess it"}, {"start": "00:07:21", "end": "00:07:25", "text": "was one of the correspondents that"}, {"start": "00:07:23", "end": "00:07:27", "text": "SpaceX has been quietly buying Bitcoin"}, {"start": "00:07:25", "end": "00:07:29", "text": "for years. Now we had covered this a"}, {"start": "00:07:27", "end": "00:07:31", "text": "couple of weeks ago I think uh how"}, {"start": "00:07:29", "end": "00:07:34", "text": "SpaceX which is going to have its IPO"}, {"start": "00:07:31", "end": "00:07:37", "text": "and its valuations at 1.3 trillion I"}, {"start": "00:07:34", "end": "00:07:38", "text": "mean $1.3 trillion"}, {"start": "00:07:37", "end": "00:07:41", "text": "uh of course they was kind of weird that"}, {"start": "00:07:38", "end": "00:07:44", "text": "that was the value is 1.1 or 1.3"}, {"start": "00:07:41", "end": "00:07:46", "text": "trillion they own 1.3"}, {"start": "00:07:44", "end": "00:07:50", "text": "billion"}, {"start": "00:07:46", "end": "00:07:53", "text": "1 billion 300 million worth of Bitcoin"}, {"start": "00:07:50", "end": "00:07:55", "text": "amazing they have 18,000 plus Bitcoin"}, {"start": "00:07:53", "end": "00:07:58", "text": "the average cost that they are currently"}, {"start": "00:07:55", "end": "00:08:01", "text": "sitting on is around 35,000. I find this"}, {"start": "00:07:58", "end": "00:08:04", "text": "just a a positive narrative as we go"}, {"start": "00:08:01", "end": "00:08:06", "text": "into hopefully the next leg of this"}, {"start": "00:08:04", "end": "00:08:08", "text": "cycle. And hopefully when people hear"}, {"start": "00:08:06", "end": "00:08:09", "text": "about SpaceX and they hear about, oh,"}, {"start": "00:08:08", "end": "00:08:11", "text": "they're carrying Bitcoin. Wonder why"}, {"start": "00:08:09", "end": "00:08:14", "text": "they're doing that. That's the most"}, {"start": "00:08:11", "end": "00:08:16", "text": "profitable IPO of all time or the most"}, {"start": "00:08:14", "end": "00:08:18", "text": "valuation high of all time. Maybe"}, {"start": "00:08:16", "end": "00:08:19", "text": "there's a reason why they bought Bitcoin"}, {"start": "00:08:18", "end": "00:08:21", "text": "and held on to it and didn't sell it"}, {"start": "00:08:19", "end": "00:08:22", "text": "like all the Bitcoin miners did. Sorry,"}, {"start": "00:08:21", "end": "00:08:24", "text": "shoot me. That's just what they're"}, {"start": "00:08:22", "end": "00:08:27", "text": "doing. So when I see some of this, I'm"}, {"start": "00:08:24", "end": "00:08:28", "text": "like that is actually good news. On top"}, {"start": "00:08:27", "end": "00:08:30", "text": "of that,"}, {"start": "00:08:28", "end": "00:08:33", "text": "one more good piece. Bitcoin just"}, {"start": "00:08:30", "end": "00:08:35", "text": "absorbed a single 1.3 billion IBIT,"}, {"start": "00:08:33", "end": "00:08:38", "text": "which is Black Rockck ETF block trade"}, {"start": "00:08:35", "end": "00:08:41", "text": "with barely any price movement. And this"}, {"start": "00:08:38", "end": "00:08:44", "text": "was by Gino over there at Crypto Slate."}, {"start": "00:08:41", "end": "00:08:46", "text": "And the time was 12:05 GMT, which it's"}, {"start": "00:08:44", "end": "00:08:48", "text": "like roughly 6 or 7 hours before what"}, {"start": "00:08:46", "end": "00:08:51", "text": "we're at right here. So you're looking"}, {"start": "00:08:48", "end": "00:08:53", "text": "at what is it? eight, seven, eight"}, {"start": "00:08:51", "end": "00:08:56", "text": "o'clock somewhere in the morning and we"}, {"start": "00:08:53", "end": "00:08:58", "text": "take a look at it. It did kind of help"}, {"start": "00:08:56", "end": "00:09:00", "text": "hold up at that point around five"}, {"start": "00:08:58", "end": "00:09:03", "text": "o'clock in the morning or yeah 6:30 in"}, {"start": "00:09:00", "end": "00:09:06", "text": "the morning. Then it just dropped like"}, {"start": "00:09:03", "end": "00:09:08", "text": "crazy. It went from roughly 76,000"}, {"start": "00:09:06", "end": "00:09:12", "text": "down to 74,000. So it was a good"}, {"start": "00:09:08", "end": "00:09:14", "text": "article, but Bitcoin did get hit. Now"}, {"start": "00:09:12", "end": "00:09:16", "text": "it's on the mend and it's above 75K like"}, {"start": "00:09:14", "end": "00:09:19", "text": "we've been doing for quite some time."}, {"start": "00:09:16", "end": "00:09:21", "text": "Here we go over seven days. Here we are"}, {"start": "00:09:19", "end": "00:09:22", "text": "over roughly a month. It's the same"}, {"start": "00:09:21", "end": "00:09:25", "text": "thing. We're just kind of rangebound,"}, {"start": "00:09:22", "end": "00:09:27", "text": "kind of boring. So, I feel like this, if"}, {"start": "00:09:25", "end": "00:09:29", "text": "you sold a bunch of this and the"}, {"start": "00:09:27", "end": "00:09:31", "text": "negative press that's going on and you"}, {"start": "00:09:29", "end": "00:09:33", "text": "still are able to hold up relatively"}, {"start": "00:09:31", "end": "00:09:36", "text": "well as far as areas of resistance and"}, {"start": "00:09:33", "end": "00:09:39", "text": "not go below that 70k level, maybe we"}, {"start": "00:09:36", "end": "00:09:40", "text": "are in for an upward slide or upward"}, {"start": "00:09:39", "end": "00:09:42", "text": "stroke. We'll see what happens. Let me"}, {"start": "00:09:40", "end": "00:09:43", "text": "know what you think about that in the"}, {"start": "00:09:42", "end": "00:09:45", "text": "comments section. And then uh just to"}, {"start": "00:09:43", "end": "00:09:47", "text": "finish up"}, {"start": "00:09:45", "end": "00:09:50", "text": "other stuff,"}, {"start": "00:09:47", "end": "00:09:53", "text": "altcoins, or as I like to say, the best"}, {"start": "00:09:50", "end": "00:09:57", "text": "ones, Binance, Ethereum, Solantron, uh"}, {"start": "00:09:53", "end": "00:10:00", "text": "Salana, excuse me, Solana, it just uh"}, {"start": "00:09:57", "end": "00:10:03", "text": "launched the SoFi USD stable coin on"}, {"start": "00:10:00", "end": "00:10:05", "text": "SoFi, which is a bank. It's the first"}, {"start": "00:10:03", "end": "00:10:07", "text": "stable coin issued by a US nationally"}, {"start": "00:10:05", "end": "00:10:09", "text": "chartered bank. So, congratulations"}, {"start": "00:10:07", "end": "00:10:12", "text": "Salana as they move forward with real"}, {"start": "00:10:09", "end": "00:10:15", "text": "world assets. Also on top of that, real"}, {"start": "00:10:12", "end": "00:10:17", "text": "world market assets uh hit 51 billion as"}, {"start": "00:10:15", "end": "00:10:18", "text": "tokenized private credit surges. I"}, {"start": "00:10:17", "end": "00:10:22", "text": "didn't know it was the big thing."}, {"start": "00:10:18", "end": "00:10:23", "text": "Tokenized private credit leading and"}, {"start": "00:10:22", "end": "00:10:26", "text": "figure leading RW platforms with 18"}, {"start": "00:10:23", "end": "00:10:28", "text": "billion in tokenized assets. Private"}, {"start": "00:10:26", "end": "00:10:31", "text": "credit accounted for wow almost 50% of"}, {"start": "00:10:28", "end": "00:10:33", "text": "total real world asset value reflecting"}, {"start": "00:10:31", "end": "00:10:35", "text": "the growing use of blockchain based"}, {"start": "00:10:33", "end": "00:10:37", "text": "infrastructure for lending and fund"}, {"start": "00:10:35", "end": "00:10:39", "text": "structures."}, {"start": "00:10:37", "end": "00:10:41", "text": "51 billion valuation sits well above"}, {"start": "00:10:39", "end": "00:10:44", "text": "other industry estimates such as RWA"}, {"start": "00:10:41", "end": "00:10:47", "text": "XYZ's 34 billion but I'm like you know"}, {"start": "00:10:44", "end": "00:10:49", "text": "51 billion as it's grown month over"}, {"start": "00:10:47", "end": "00:10:51", "text": "month and now I guess year-over-year"}, {"start": "00:10:49", "end": "00:10:53", "text": "real world assets have been doing great"}, {"start": "00:10:51", "end": "00:10:55", "text": "and if we're going to say 51 billion as"}, {"start": "00:10:53", "end": "00:10:58", "text": "far as like Bernstein research we take a"}, {"start": "00:10:55", "end": "00:11:00", "text": "look at RWA even RWA is telling you the"}, {"start": "00:10:58", "end": "00:11:03", "text": "story like look we started out with"}, {"start": "00:11:00", "end": "00:11:05", "text": "nothing now we're here and look at that"}, {"start": "00:11:03", "end": "00:11:07", "text": "valuations go up treasury debt"}, {"start": "00:11:05", "end": "00:11:09", "text": "commodities asset that credit stocks non"}, {"start": "00:11:07", "end": "00:11:11", "text": "US government debt and so on and so"}, {"start": "00:11:09", "end": "00:11:12", "text": "forth. I mean as far as like real world"}, {"start": "00:11:11", "end": "00:11:16", "text": "assets and putting those on the"}, {"start": "00:11:12", "end": "00:11:19", "text": "blockchain again one of the uh Binance"}, {"start": "00:11:16", "end": "00:11:21", "text": "Ethereum and also Canton go figure right"}, {"start": "00:11:19", "end": "00:11:23", "text": "canon there it is uh that's not a bad"}, {"start": "00:11:21", "end": "00:11:25", "text": "play to be into. So there's another"}, {"start": "00:11:23", "end": "00:11:28", "text": "optimistic"}, {"start": "00:11:25", "end": "00:11:31", "text": "reading again sorry for the optimism and"}, {"start": "00:11:28", "end": "00:11:33", "text": "also from W blockchain Bitcoin takes WC"}, {"start": "00:11:31", "end": "00:11:36", "text": "chain onchain with reality realw world"}, {"start": "00:11:33", "end": "00:11:39", "text": "asset platform they've launched realy"}, {"start": "00:11:36", "end": "00:11:42", "text": "reality a platform initially focused on"}, {"start": "00:11:39", "end": "00:11:45", "text": "tokenized exposure to stocks and ETFs"}, {"start": "00:11:42", "end": "00:11:49", "text": "reality will issue our tokens so again"}, {"start": "00:11:45", "end": "00:11:52", "text": "another big push and then uh what is"}, {"start": "00:11:49", "end": "00:11:54", "text": "good there is some negative news on"}, {"start": "00:11:52", "end": "00:11:56", "text": "finance which is backed by Black Rockck."}, {"start": "00:11:54", "end": "00:11:59", "text": "The founder Nathan Alman just passed"}, {"start": "00:11:56", "end": "00:12:01", "text": "away yesterday and uh looks like a young"}, {"start": "00:11:59", "end": "00:12:04", "text": "guy. I don't know what happened there"}, {"start": "00:12:01", "end": "00:12:05", "text": "but uh"}, {"start": "00:12:04", "end": "00:12:07", "text": "well prayers go out to him and his"}, {"start": "00:12:05", "end": "00:12:09", "text": "family. It's pretty awful but it's just"}, {"start": "00:12:07", "end": "00:12:10", "text": "a reminder that uh you know all the"}, {"start": "00:12:09", "end": "00:12:12", "text": "stuff that we talk about put things in"}, {"start": "00:12:10", "end": "00:12:15", "text": "perspective a little bit. Even people"}, {"start": "00:12:12", "end": "00:12:17", "text": "who are in the forefront the time is up."}, {"start": "00:12:15", "end": "00:12:20", "text": "The time is up. So sorry for that."}, {"start": "00:12:17", "end": "00:12:22", "text": "Lastly, lastly, lastly,"}, {"start": "00:12:20", "end": "00:12:24", "text": "all this good news. One more piece to"}, {"start": "00:12:22", "end": "00:12:26", "text": "really put it in there."}, {"start": "00:12:24", "end": "00:12:28", "text": "Bitcoin's doing fine. There is no"}, {"start": "00:12:26", "end": "00:12:29", "text": "altcoin season. It's just like a few"}, {"start": "00:12:28", "end": "00:12:31", "text": "alts are going to do pretty well. It's"}, {"start": "00:12:29", "end": "00:12:34", "text": "like saying stock season. There's no"}, {"start": "00:12:31", "end": "00:12:37", "text": "stock season. Few stocks will do well."}, {"start": "00:12:34", "end": "00:12:38", "text": "But regulatory clarity is coming. Sounds"}, {"start": "00:12:37", "end": "00:12:40", "text": "like. And then also there's a push by"}, {"start": "00:12:38", "end": "00:12:42", "text": "some of the biggest industries. Robin"}, {"start": "00:12:40", "end": "00:12:45", "text": "Hood. They just got a a regulatory"}, {"start": "00:12:42", "end": "00:12:49", "text": "approval to buy WonderFi, which I"}, {"start": "00:12:45", "end": "00:12:51", "text": "believe is a exchange in Canada from Mr."}, {"start": "00:12:49", "end": "00:12:54", "text": "Wonderful. Kevin Olirri ahead of the"}, {"start": "00:12:51", "end": "00:12:55", "text": "expected June 1st close and uh the deal"}, {"start": "00:12:54", "end": "00:12:57", "text": "originally been expected to close in the"}, {"start": "00:12:55", "end": "00:12:59", "text": "second half but both parties extended"}, {"start": "00:12:57", "end": "00:13:01", "text": "the deadline to give Robin Hood time to"}, {"start": "00:12:59", "end": "00:13:03", "text": "deploy its proprietary technology in"}, {"start": "00:13:01", "end": "00:13:05", "text": "Canada and to complete regulatory"}, {"start": "00:13:03", "end": "00:13:07", "text": "approvals and because of that they are"}, {"start": "00:13:05", "end": "00:13:09", "text": "now spreading off into Canada. So it's a"}, {"start": "00:13:07", "end": "00:13:11", "text": "lot easier just to buy the companies up"}, {"start": "00:13:09", "end": "00:13:14", "text": "and get the revenue which is what uh"}, {"start": "00:13:11", "end": "00:13:15", "text": "Kevin Olri did with WonderFi. And again"}, {"start": "00:13:14", "end": "00:13:17", "text": "things are moving the right direction. I"}, {"start": "00:13:15", "end": "00:13:18", "text": "like to see it and that's it for today."}, {"start": "00:13:17", "end": "00:13:20", "text": "So look, if you like today's video, give"}, {"start": "00:13:18", "end": "00:13:22", "text": "it a thumbs up. Consider subscribing. We"}, {"start": "00:13:20", "end": "00:13:23", "text": "talk about is relatively timesensitive."}, {"start": "00:13:22", "end": "00:13:25", "text": "Now, if you want to get into a little"}, {"start": "00:13:23", "end": "00:13:28", "text": "Q&A, answer all your questions and we'll"}, {"start": "00:13:25", "end": "00:13:30", "text": "go from there. And Liberty's right. We"}, {"start": "00:13:28", "end": "00:13:33", "text": "are all just passing through."}, {"start": "00:13:30", "end": "00:13:37", "text": "No one gets out alive. Pretty much it."}, {"start": "00:13:33", "end": "00:13:37", "text": "Little Matt,"}, {"start": "00:13:37", "end": "00:13:41", "text": "Gary Gendler, Solanza, Solanza, and"}, {"start": "00:13:39", "end": "00:13:43", "text": "Cardanzo."}, {"start": "00:13:41", "end": "00:13:45", "text": "Cardano just getting beat down. Remember"}, {"start": "00:13:43", "end": "00:13:46", "text": "when Cardano was in the top 10? Oh,"}, {"start": "00:13:45", "end": "00:13:49", "text": "those are good days. Remember when"}, {"start": "00:13:46", "end": "00:13:51", "text": "Cardono was three bucks? Also good days."}, {"start": "00:13:49", "end": "00:13:54", "text": "I remember when it was like a nickel,"}, {"start": "00:13:51", "end": "00:13:57", "text": "four cents, five cents. Now I think it's"}, {"start": "00:13:54", "end": "00:13:58", "text": "I don't know 23 cents."}, {"start": "00:13:57", "end": "00:14:00", "text": "You would think it would do a little"}, {"start": "00:13:58", "end": "00:14:03", "text": "better, but seems like not too many"}, {"start": "00:14:00", "end": "00:14:05", "text": "people are using it. So just saying"}, {"start": "00:14:03", "end": "00:14:08", "text": "maybe a use case will come out tomorrow."}, {"start": "00:14:05", "end": "00:14:10", "text": "I don't know."}, {"start": "00:14:08", "end": "00:14:12", "text": "Aha. Sweet."}, {"start": "00:14:10", "end": "00:14:15", "text": "Danzo."}, {"start": "00:14:12", "end": "00:14:18", "text": "Solanzo."}, {"start": "00:14:15", "end": "00:14:19", "text": "DTCC says gasify fee is chain of nastic"}, {"start": "00:14:18", "end": "00:14:21", "text": "and is actually operating across"}, {"start": "00:14:19", "end": "00:14:23", "text": "multiple blockchains including Ethereum"}, {"start": "00:14:21", "end": "00:14:26", "text": "canon network ledger and still that"}, {"start": "00:14:23", "end": "00:14:27", "text": "sounds pretty good."}, {"start": "00:14:26", "end": "00:14:29", "text": "Hey Rob, what's your thoughts on world"}, {"start": "00:14:27", "end": "00:14:31", "text": "liberty? Legit or scam? Depends on what"}, {"start": "00:14:29", "end": "00:14:32", "text": "bloodline you come from. If you're"}, {"start": "00:14:31", "end": "00:14:34", "text": "related to the president of the United"}, {"start": "00:14:32", "end": "00:14:36", "text": "States, it's the most legit thing of all"}, {"start": "00:14:34", "end": "00:14:38", "text": "time. Uh anybody else outside of that"}, {"start": "00:14:36", "end": "00:14:40", "text": "circle? Scam."}, {"start": "00:14:38", "end": "00:14:42", "text": "All right. I just keep staking my ADA"}, {"start": "00:14:40", "end": "00:14:45", "text": "with Dan. Thank you, meme. I appreciate"}, {"start": "00:14:42", "end": "00:14:47", "text": "that. The entire state pool does. Thank"}, {"start": "00:14:45", "end": "00:14:49", "text": "you. Get rid of fed and governments. I"}, {"start": "00:14:47", "end": "00:14:52", "text": "could not have believed more. That's uh"}, {"start": "00:14:49", "end": "00:14:54", "text": "I go with that."}, {"start": "00:14:52", "end": "00:14:56", "text": "See? Wow. And that's it. I'll leave it"}, {"start": "00:14:54", "end": "00:14:57", "text": "with Mary saying lol. That's how we"}, {"start": "00:14:56", "end": "00:14:59", "text": "should treat everything. So, everybody"}, {"start": "00:14:57", "end": "00:15:01", "text": "that's it for today. So, look, like"}, {"start": "00:14:59", "end": "00:15:03", "text": "today's video, thumbs up, subscribe, all"}, {"start": "00:15:01", "end": "00:15:05", "text": "that great stuff. Tomorrow is NFA Live"}, {"start": "00:15:03", "end": "00:15:08", "text": "on my channel. So, if you got questions"}, {"start": "00:15:05", "end": "00:15:10", "text": "for Ben and Guy, put them in the"}, {"start": "00:15:08", "end": "00:15:12", "text": "description or in the comments and I'll"}, {"start": "00:15:10", "end": "00:15:13", "text": "ask them. M�ana, that's it for today,"}, {"start": "00:15:12", "end": "00:15:17", "text": "everybody. Thanks so much. I'll see you"}, {"start": "00:15:13", "end": "00:15:17", "text": "in the next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Sailor is selling Bitcoin. Doesn't"}, {"start": "00:00:02", "end": "00:00:05", "text": "matter. The sentiment is in. We'll break"}, {"start": "00:00:04", "end": "00:00:07", "text": "it down for you guys today. Let's just"}, {"start": "00:00:05", "end": "00:00:09", "text": "get started. I want to thank our sponsor"}, {"start": "00:00:07", "end": "00:00:11", "text": "today and of course that is Uphold. If"}, {"start": "00:00:09", "end": "00:00:13", "text": "you are holding crypto right now and not"}, {"start": "00:00:11", "end": "00:00:15", "text": "earning rewards, you're essentially"}, {"start": "00:00:13", "end": "00:00:17", "text": "leaving money on the table. And the"}, {"start": "00:00:15", "end": "00:00:20", "text": "reality is in today's market, you need"}, {"start": "00:00:17", "end": "00:00:23", "text": "to be able to move instantly. That's why"}, {"start": "00:00:20", "end": "00:00:25", "text": "Uphold's flexible staking is such a"}, {"start": "00:00:23", "end": "00:00:28", "text": "gamecher. You can earn weekly rewards"}, {"start": "00:00:25", "end": "00:00:31", "text": "automatically on assets you already hold"}, {"start": "00:00:28", "end": "00:00:33", "text": "without a lockup. That's most important."}, {"start": "00:00:31", "end": "00:00:35", "text": "You can sell anytime. It's the perfect"}, {"start": "00:00:33", "end": "00:00:38", "text": "setup for anyone who wants to grow their"}, {"start": "00:00:35", "end": "00:00:40", "text": "holdings without losing their exit"}, {"start": "00:00:38", "end": "00:00:43", "text": "strategy. Download the Uphold app today"}, {"start": "00:00:40", "end": "00:00:44", "text": "and try it for yourself. Let's go in and"}, {"start": "00:00:43", "end": "00:00:46", "text": "take a look at uh this tweet right here"}, {"start": "00:00:44", "end": "00:00:48", "text": "is Bull Theory kind of breaking down"}, {"start": "00:00:46", "end": "00:00:50", "text": "what's going on with Michael Sailor"}, {"start": "00:00:48", "end": "00:00:54", "text": "Strategy of course selling for the first"}, {"start": "00:00:50", "end": "00:00:55", "text": "time since December 2022. 32 Bitcoin."}, {"start": "00:00:54", "end": "00:00:56", "text": "This is only worth two and a half"}, {"start": "00:00:55", "end": "00:00:57", "text": "million. Many people would say, \"All"}, {"start": "00:00:56", "end": "00:01:00", "text": "right, it's just two and a half"}, {"start": "00:00:57", "end": "00:01:02", "text": "million.\" But I think the point is that"}, {"start": "00:01:00", "end": "00:01:05", "text": "it is all built around sentiment in the"}, {"start": "00:01:02", "end": "00:01:07", "text": "market. We started to see Bitcoin adjust"}, {"start": "00:01:05", "end": "00:01:09", "text": "because of this specifically. And I"}, {"start": "00:01:07", "end": "00:01:11", "text": "think the real question is, will he sell"}, {"start": "00:01:09", "end": "00:01:13", "text": "more Bitcoin as we start to move"}, {"start": "00:01:11", "end": "00:01:16", "text": "forward? Remember the stretch the"}, {"start": "00:01:13", "end": "00:01:18", "text": "stretch dividend rate maintains still at"}, {"start": "00:01:16", "end": "00:01:20", "text": "11 and a half%. They're getting ready to"}, {"start": "00:01:18", "end": "00:01:22", "text": "do a June distribution coming up soon."}, {"start": "00:01:20", "end": "00:01:24", "text": "This is still playing out and I think at"}, {"start": "00:01:22", "end": "00:01:25", "text": "that point you've got to take a look at"}, {"start": "00:01:24", "end": "00:01:27", "text": "where the current market is and whether"}, {"start": "00:01:25", "end": "00:01:30", "text": "or not they would dip into the Bitcoin"}, {"start": "00:01:27", "end": "00:01:33", "text": "coffers and sell again to be able to pay"}, {"start": "00:01:30", "end": "00:01:37", "text": "out on some of these dividends. Strategy"}, {"start": "00:01:33", "end": "00:01:38", "text": "uh sells and raises 128 million. Uh this"}, {"start": "00:01:37", "end": "00:01:42", "text": "of course coming through the share"}, {"start": "00:01:38", "end": "00:01:43", "text": "issuance. So they're pretty much uh in a"}, {"start": "00:01:42", "end": "00:01:46", "text": "position right now where they're"}, {"start": "00:01:43", "end": "00:01:48", "text": "diluting even further. So, I don't know."}, {"start": "00:01:46", "end": "00:01:50", "text": "Are you in a position right now where"}, {"start": "00:01:48", "end": "00:01:53", "text": "you like the strategy coming in from"}, {"start": "00:01:50", "end": "00:01:55", "text": "strategy and micro strategy or do you"}, {"start": "00:01:53", "end": "00:01:57", "text": "not? Let me know in the comments down"}, {"start": "00:01:55", "end": "00:01:59", "text": "below. Would you buy master right now or"}, {"start": "00:01:57", "end": "00:02:02", "text": "would you buy Bitcoin as it starts to"}, {"start": "00:01:59", "end": "00:02:04", "text": "dip? Is that the price you like or do"}, {"start": "00:02:02", "end": "00:02:05", "text": "you like the under 70k which is kind of"}, {"start": "00:02:04", "end": "00:02:08", "text": "where we see the market heading? If you"}, {"start": "00:02:05", "end": "00:02:11", "text": "look at stretch right now, you can of"}, {"start": "00:02:08", "end": "00:02:14", "text": "course see it de coming I won't say dep"}, {"start": "00:02:11", "end": "00:02:16", "text": "pegging but it is coming off its average"}, {"start": "00:02:14", "end": "00:02:19", "text": "around a buck uh holding in at around"}, {"start": "00:02:16", "end": "00:02:21", "text": "9855 right now. This dipped of course"}, {"start": "00:02:19", "end": "00:02:23", "text": "down I'm sure on the news. The real"}, {"start": "00:02:21", "end": "00:02:26", "text": "question is is will this start to move"}, {"start": "00:02:23", "end": "00:02:28", "text": "further in other scenarios where we've"}, {"start": "00:02:26", "end": "00:02:31", "text": "seen in the past where it's dipped all"}, {"start": "00:02:28", "end": "00:02:34", "text": "the way down to around 93. So, is that"}, {"start": "00:02:31", "end": "00:02:36", "text": "an opportunity to go in and grab stretch"}, {"start": "00:02:34", "end": "00:02:38", "text": "at a bit of a discount and then get"}, {"start": "00:02:36", "end": "00:02:40", "text": "ready for these distributions they start"}, {"start": "00:02:38", "end": "00:02:41", "text": "to come out? Let me know what you guys"}, {"start": "00:02:40", "end": "00:02:43", "text": "think. Other things that are playing"}, {"start": "00:02:41", "end": "00:02:45", "text": "into this uh because this I think is"}, {"start": "00:02:43", "end": "00:02:48", "text": "another factor that kind of puts some"}, {"start": "00:02:45", "end": "00:02:50", "text": "pressure on the market and I like this"}, {"start": "00:02:48", "end": "00:02:54", "text": "analysis. Very few people connecting the"}, {"start": "00:02:50", "end": "00:02:57", "text": "dots. Someone sold 1.2 bill in iBit and"}, {"start": "00:02:54", "end": "00:03:00", "text": "they paid 29 million in execution fees."}, {"start": "00:02:57", "end": "00:03:02", "text": "So, what else is being sold out there"}, {"start": "00:03:00", "end": "00:03:05", "text": "right now in these markets? Are there"}, {"start": "00:03:02", "end": "00:03:07", "text": "some whales, not to be named, that are"}, {"start": "00:03:05", "end": "00:03:09", "text": "doing this? And of course, Sailor came"}, {"start": "00:03:07", "end": "00:03:11", "text": "in right behind, just did a small sale."}, {"start": "00:03:09", "end": "00:03:13", "text": "But still, the point is is very"}, {"start": "00:03:11", "end": "00:03:16", "text": "interesting timing uh going into this"}, {"start": "00:03:13", "end": "00:03:17", "text": "market in a heavy week on June 1st. I"}, {"start": "00:03:16", "end": "00:03:20", "text": "want to go to a clip real quick because"}, {"start": "00:03:17", "end": "00:03:23", "text": "this gets into whether or not strategy"}, {"start": "00:03:20", "end": "00:03:25", "text": "is losing the plot on this project. Take"}, {"start": "00:03:23", "end": "00:03:27", "text": "a look. Just days after billionaire"}, {"start": "00:03:25", "end": "00:03:29", "text": "entrepreneur Mark Cuban told a podcast"}, {"start": "00:03:27", "end": "00:03:31", "text": "last week that he has sold most of his"}, {"start": "00:03:29", "end": "00:03:34", "text": "Bitcoin holdings because it has quote"}, {"start": "00:03:31", "end": "00:03:36", "text": "lost the plot, a new securities and"}, {"start": "00:03:34", "end": "00:03:37", "text": "exchange commission filing out yesterday"}, {"start": "00:03:36", "end": "00:03:38", "text": "shows that in the first quarter,"}, {"start": "00:03:37", "end": "00:03:41", "text": "billionaire hedge fund manager Paul"}, {"start": "00:03:38", "end": "00:03:44", "text": "Tudtor Jones sold his entire stake in"}, {"start": "00:03:41", "end": "00:03:45", "text": "Bitcoin Treasury firm Strategy. Tell us"}, {"start": "00:03:44", "end": "00:03:48", "text": "what you saw and what's going on here."}, {"start": "00:03:45", "end": "00:03:50", "text": "But yeah, part of part of the message to"}, {"start": "00:03:48", "end": "00:03:54", "text": "our shareholders and the community is we"}, {"start": "00:03:50", "end": "00:03:57", "text": "are a $62 billion we're a company that"}, {"start": "00:03:54", "end": "00:04:00", "text": "holds $62 billion in Bitcoin. We had at"}, {"start": "00:03:57", "end": "00:04:03", "text": "that point in time $8 billion of debt."}, {"start": "00:04:00", "end": "00:04:05", "text": "We had about 810 billion or $15 billion"}, {"start": "00:04:03", "end": "00:04:08", "text": "in preferred. We have a lot of tools to"}, {"start": "00:04:05", "end": "00:04:10", "text": "use and we'll do the right things at the"}, {"start": "00:04:08", "end": "00:04:12", "text": "right time to increase Bitcoin per share"}, {"start": "00:04:10", "end": "00:04:13", "text": "for our shareholders."}, {"start": "00:04:12", "end": "00:04:15", "text": ">> So what should people be waiting for"}, {"start": "00:04:13", "end": "00:04:18", "text": "here? There's a long-term philosophy"}, {"start": "00:04:15", "end": "00:04:19", "text": "that we should be aggregating Bitcoin as"}, {"start": "00:04:18", "end": "00:04:22", "text": "a company and I think it's good for most"}, {"start": "00:04:19", "end": "00:04:24", "text": "people, right? There may be a week-toeek"}, {"start": "00:04:22", "end": "00:04:26", "text": "or a dayto-day decision that we should"}, {"start": "00:04:24", "end": "00:04:29", "text": "sell Bitcoin because it's accretive to"}, {"start": "00:04:26", "end": "00:04:31", "text": "our shareholders for the long term."}, {"start": "00:04:29", "end": "00:04:34", "text": ">> All right. So, that was Fong Lee who's"}, {"start": "00:04:31", "end": "00:04:36", "text": "the president uh over at Strategy. And"}, {"start": "00:04:34", "end": "00:04:37", "text": "one of the things that we talked with"}, {"start": "00:04:36", "end": "00:04:40", "text": "him about the last time we were on the"}, {"start": "00:04:37", "end": "00:04:42", "text": "show, I think, is how do long-term"}, {"start": "00:04:40", "end": "00:04:43", "text": "investors play this out? because many"}, {"start": "00:04:42", "end": "00:04:47", "text": "people would look at strategy and"}, {"start": "00:04:43", "end": "00:04:48", "text": "stretch especially maybe more long-term."}, {"start": "00:04:47", "end": "00:04:50", "text": "Uh some would say no, I'm going to take"}, {"start": "00:04:48", "end": "00:04:52", "text": "you know the 11 and a half percent on"}, {"start": "00:04:50", "end": "00:04:54", "text": "the annual appreciation here. That that"}, {"start": "00:04:52", "end": "00:04:56", "text": "would be what I'm looking for. But I"}, {"start": "00:04:54", "end": "00:04:58", "text": "think the opportunity here is can he"}, {"start": "00:04:56", "end": "00:05:00", "text": "convince investors to stay in the game"}, {"start": "00:04:58", "end": "00:05:02", "text": "for long term. That's the real play"}, {"start": "00:05:00", "end": "00:05:05", "text": "that's going into the market right now."}, {"start": "00:05:02", "end": "00:05:06", "text": "Mike Novagrass had some things to say"}, {"start": "00:05:05", "end": "00:05:09", "text": "about this because there's some"}, {"start": "00:05:06", "end": "00:05:11", "text": "interesting parody here to also what is"}, {"start": "00:05:09", "end": "00:05:12", "text": "happening with the likelihood of"}, {"start": "00:05:11", "end": "00:05:14", "text": "clarity. Take a look."}, {"start": "00:05:12", "end": "00:05:16", "text": ">> All of that other stuff that he's doing"}, {"start": "00:05:14", "end": "00:05:19", "text": "is hurting the crypto piece of the"}, {"start": "00:05:16", "end": "00:05:22", "text": "legislation. Two weeks ago, I I was at"}, {"start": "00:05:19", "end": "00:05:25", "text": "90% passed. I'm back down to 60%. Right."}, {"start": "00:05:22", "end": "00:05:28", "text": "The stuff that's happening around this"}, {"start": "00:05:25", "end": "00:05:30", "text": "administration with the $ 1.7 billion"}, {"start": "00:05:28", "end": "00:05:32", "text": "slush fund just makes it harder and"}, {"start": "00:05:30", "end": "00:05:34", "text": "harder for Democrats to say, \"Yeah, we"}, {"start": "00:05:32", "end": "00:05:36", "text": "should support this guy.\" Part of my"}, {"start": "00:05:34", "end": "00:05:38", "text": "role in process has been going going"}, {"start": "00:05:36", "end": "00:05:41", "text": "down consistently to DC and I'm going"}, {"start": "00:05:38", "end": "00:05:43", "text": "again next week to try to get Democrats"}, {"start": "00:05:41", "end": "00:05:45", "text": "to say, \"You know what, guys? Forget"}, {"start": "00:05:43", "end": "00:05:47", "text": "about that. If Trump wants to be that"}, {"start": "00:05:45", "end": "00:05:48", "text": "administration wants to be corrupt, they"}, {"start": "00:05:47", "end": "00:05:49", "text": "could be corrupt. There's nothing you"}, {"start": "00:05:48", "end": "00:05:51", "text": "can do to stop it because you're not"}, {"start": "00:05:49", "end": "00:05:53", "text": "stopping it. passing a crypto bill,"}, {"start": "00:05:51", "end": "00:05:54", "text": "which is good for America and good for"}, {"start": "00:05:53", "end": "00:05:57", "text": "our industry and actually gets this"}, {"start": "00:05:54", "end": "00:05:59", "text": "issue off your plate, is still better"}, {"start": "00:05:57", "end": "00:06:01", "text": "for you. So, plug your nose and do it."}, {"start": "00:05:59", "end": "00:06:02", "text": "They keep getting there. They get to the"}, {"start": "00:06:01", "end": "00:06:04", "text": "finish line. They're ready to go and"}, {"start": "00:06:02", "end": "00:06:07", "text": "then something else comes out and it's"}, {"start": "00:06:04", "end": "00:06:10", "text": "like, okay, if we could just take a"}, {"start": "00:06:07", "end": "00:06:13", "text": "pause uh out of this administration, all"}, {"start": "00:06:10", "end": "00:06:16", "text": "those things are just like needles."}, {"start": "00:06:13", "end": "00:06:17", "text": ">> All right, so he is getting at the real"}, {"start": "00:06:16", "end": "00:06:19", "text": "point here, and that is how do the"}, {"start": "00:06:17", "end": "00:06:21", "text": "markets respond to this? And of course,"}, {"start": "00:06:19", "end": "00:06:23", "text": "some of the biggest issues right now are"}, {"start": "00:06:21", "end": "00:06:25", "text": "the Democrats and how they're going to"}, {"start": "00:06:23", "end": "00:06:27", "text": "end up voting on clarity as we even if"}, {"start": "00:06:25", "end": "00:06:29", "text": "we get it to the Senate floor. That's"}, {"start": "00:06:27", "end": "00:06:31", "text": "the real question right now. More"}, {"start": "00:06:29", "end": "00:06:33", "text": "pressure on the market though. Bitcoin"}, {"start": "00:06:31", "end": "00:06:36", "text": "trades under 71K for the first time"}, {"start": "00:06:33", "end": "00:06:39", "text": "since April 13th. So, the likelihood of"}, {"start": "00:06:36", "end": "00:06:41", "text": "seeing Bitcoin dip below 70 is much"}, {"start": "00:06:39", "end": "00:06:43", "text": "higher now. Many people were looking at"}, {"start": "00:06:41", "end": "00:06:45", "text": "June as being one of the key months here"}, {"start": "00:06:43", "end": "00:06:48", "text": "that would take a look at where the"}, {"start": "00:06:45", "end": "00:06:51", "text": "markets take a step back, possibly even"}, {"start": "00:06:48", "end": "00:06:52", "text": "the traditional markets and then start"}, {"start": "00:06:51", "end": "00:06:55", "text": "to see some movement after midterms. And"}, {"start": "00:06:52", "end": "00:06:56", "text": "again, all of this is still pairing into"}, {"start": "00:06:55", "end": "00:06:58", "text": "whether or not we get clarity. I'll talk"}, {"start": "00:06:56", "end": "00:07:01", "text": "about that in a minute. Before we go to"}, {"start": "00:06:58", "end": "00:07:03", "text": "that though, I want to go into why"}, {"start": "00:07:01", "end": "00:07:04", "text": "investors are now rage quitting. Take a"}, {"start": "00:07:03", "end": "00:07:06", "text": "look."}, {"start": "00:07:04", "end": "00:07:07", "text": ">> You know, on the one hand, I think Mark"}, {"start": "00:07:06", "end": "00:07:10", "text": "is right. Crypto's been disappointing"}, {"start": "00:07:07", "end": "00:07:12", "text": "because crypto should move with you know"}, {"start": "00:07:10", "end": "00:07:14", "text": "equity markets and it should be rallying"}, {"start": "00:07:12", "end": "00:07:16", "text": "with software. Software has really"}, {"start": "00:07:14", "end": "00:07:19", "text": "started to rally big and crypto hasn't"}, {"start": "00:07:16", "end": "00:07:22", "text": "moved. Um so I think there are what what"}, {"start": "00:07:19", "end": "00:07:24", "text": "I call quote rage quitting people"}, {"start": "00:07:22", "end": "00:07:26", "text": "selling here as if something is wrong. I"}, {"start": "00:07:24", "end": "00:07:29", "text": "mean one I think that's what always"}, {"start": "00:07:26", "end": "00:07:31", "text": "happens at the end of crypto winner. You"}, {"start": "00:07:29", "end": "00:07:34", "text": "know if someone asked me is the thesis"}, {"start": "00:07:31", "end": "00:07:36", "text": "for Bitcoin or Ethereum broken? You"}, {"start": "00:07:34", "end": "00:07:37", "text": "know, it's absolutely not because one,"}, {"start": "00:07:36", "end": "00:07:40", "text": "the more work we do, and we're hearing"}, {"start": "00:07:37", "end": "00:07:42", "text": "it from founders like Palunteer,"}, {"start": "00:07:40", "end": "00:07:44", "text": "Bitcoin and Ethereum are really the"}, {"start": "00:07:42", "end": "00:07:46", "text": "future of money because mass and compute"}, {"start": "00:07:44", "end": "00:07:50", "text": "or comput and energy, however Elon puts"}, {"start": "00:07:46", "end": "00:07:52", "text": "it, the future isn't changed, but the"}, {"start": "00:07:50", "end": "00:07:55", "text": "spotlight today is of course on semis,"}, {"start": "00:07:52", "end": "00:07:57", "text": "memory, starting on software, but as as"}, {"start": "00:07:55", "end": "00:07:59", "text": "people focus downstream into the future,"}, {"start": "00:07:57", "end": "00:08:01", "text": "that's really I think when the bid comes"}, {"start": "00:07:59", "end": "00:08:03", "text": "for Bitcoin and Ethereum."}, {"start": "00:08:01", "end": "00:08:06", "text": "So that is the question mark is when"}, {"start": "00:08:03", "end": "00:08:09", "text": "does the bid come and is this lining up"}, {"start": "00:08:06", "end": "00:08:11", "text": "for a perfect entry point on these"}, {"start": "00:08:09", "end": "00:08:14", "text": "assets at a much lower price than where"}, {"start": "00:08:11", "end": "00:08:17", "text": "this market could be going. Remember Tom"}, {"start": "00:08:14", "end": "00:08:19", "text": "Lee is now holding 4.5% of the total"}, {"start": "00:08:17", "end": "00:08:21", "text": "Ethereum supply which has been his goal"}, {"start": "00:08:19", "end": "00:08:23", "text": "is to get to five. It's likelihood that"}, {"start": "00:08:21", "end": "00:08:26", "text": "this is going to happen for Bitmine. And"}, {"start": "00:08:23", "end": "00:08:28", "text": "I think the real factor here is is he"}, {"start": "00:08:26", "end": "00:08:30", "text": "right? Are we going to see Bitcoin and"}, {"start": "00:08:28", "end": "00:08:32", "text": "Ethereum lead these markets out? and"}, {"start": "00:08:30", "end": "00:08:34", "text": "what other assets would kind of go along"}, {"start": "00:08:32", "end": "00:08:36", "text": "with it. I think that's a real question"}, {"start": "00:08:34", "end": "00:08:38", "text": "that many people are looking at. You"}, {"start": "00:08:36", "end": "00:08:40", "text": "could compare this to what's been"}, {"start": "00:08:38", "end": "00:08:42", "text": "happening in the stock market. The stock"}, {"start": "00:08:40", "end": "00:08:44", "text": "market, of course, hits its all-time"}, {"start": "00:08:42", "end": "00:08:48", "text": "most expensive valuation in history,"}, {"start": "00:08:44", "end": "00:08:50", "text": "surpassing the dot bubble. Now, many"}, {"start": "00:08:48", "end": "00:08:51", "text": "people will argue this is that has a lot"}, {"start": "00:08:50", "end": "00:08:53", "text": "of similarities to the.com bubble. I"}, {"start": "00:08:51", "end": "00:08:55", "text": "live there. I was working in in Silicon"}, {"start": "00:08:53", "end": "00:08:58", "text": "Valley at that time. What I will tell"}, {"start": "00:08:55", "end": "00:08:59", "text": "you is I don't think so. I think now"}, {"start": "00:08:58", "end": "00:09:02", "text": "we're dealing with real earnings. Back"}, {"start": "00:08:59", "end": "00:09:03", "text": "then it was blue sky all the way that"}, {"start": "00:09:02", "end": "00:09:05", "text": "was mostly on Wall Street. A lot of"}, {"start": "00:09:03", "end": "00:09:08", "text": "these funds that were running back in"}, {"start": "00:09:05", "end": "00:09:10", "text": "the 90s and the early 2000s, they had"}, {"start": "00:09:08", "end": "00:09:12", "text": "zero revenue. There was no income. There"}, {"start": "00:09:10", "end": "00:09:14", "text": "was no balance sheets. And that was the"}, {"start": "00:09:12", "end": "00:09:16", "text": "problem that it really painted. It's a"}, {"start": "00:09:14", "end": "00:09:18", "text": "different market now because I I do"}, {"start": "00:09:16", "end": "00:09:19", "text": "think there are opportunities here for"}, {"start": "00:09:18", "end": "00:09:22", "text": "many of these. Now the real question is"}, {"start": "00:09:19", "end": "00:09:24", "text": "is will some of this speculative market"}, {"start": "00:09:22", "end": "00:09:27", "text": "such as what's going on in AI make it"}, {"start": "00:09:24", "end": "00:09:28", "text": "through? That is the question I think"}, {"start": "00:09:27", "end": "00:09:30", "text": "everybody is asking right now. Where"}, {"start": "00:09:28", "end": "00:09:34", "text": "does it go? Speaking of that, you've got"}, {"start": "00:09:30", "end": "00:09:36", "text": "Claude, of course, developing their IPO,"}, {"start": "00:09:34", "end": "00:09:37", "text": "Anthropic, and of course, this will be"}, {"start": "00:09:36", "end": "00:09:40", "text": "one of the biggest ever. The real"}, {"start": "00:09:37", "end": "00:09:43", "text": "question is is how do they compete with"}, {"start": "00:09:40", "end": "00:09:45", "text": "something like SpaceX for at least the"}, {"start": "00:09:43", "end": "00:09:48", "text": "sentiment, word of mouth, how new"}, {"start": "00:09:45", "end": "00:09:50", "text": "investors might jump in, but of course,"}, {"start": "00:09:48", "end": "00:09:53", "text": "IPO coming in very strong at 1.8 billion"}, {"start": "00:09:50", "end": "00:09:56", "text": "uh or 1.8 trillion on their IPO. This"}, {"start": "00:09:53", "end": "00:09:58", "text": "will be a huge one. And I think speaking"}, {"start": "00:09:56", "end": "00:10:01", "text": "of huge IPO seasons, you have to"}, {"start": "00:09:58", "end": "00:10:03", "text": "consider everyone that could potentially"}, {"start": "00:10:01", "end": "00:10:05", "text": "be going out at this time. Take a look."}, {"start": "00:10:03", "end": "00:10:08", "text": "IPO answer that we have upcoming, right?"}, {"start": "00:10:05", "end": "00:10:11", "text": "Uh we know SpaceX is uh is upcoming in"}, {"start": "00:10:08", "end": "00:10:14", "text": "June. Um as far as I can read today,"}, {"start": "00:10:11", "end": "00:10:16", "text": "Open AI is is pondering um an IPO just"}, {"start": "00:10:14", "end": "00:10:19", "text": "after the summer break right around"}, {"start": "00:10:16", "end": "00:10:21", "text": "September, August September. Um so that"}, {"start": "00:10:19", "end": "00:10:24", "text": "is probably also another concern for the"}, {"start": "00:10:21", "end": "00:10:26", "text": "you know business cycle into 2027. Will"}, {"start": "00:10:24", "end": "00:10:30", "text": "too much liquidity get sucked up by all"}, {"start": "00:10:26", "end": "00:10:31", "text": "of these big big IPOs? Uh and honestly"}, {"start": "00:10:30", "end": "00:10:36", "text": "if you look at it in a historical"}, {"start": "00:10:31", "end": "00:10:38", "text": "context um a huge IPO season um is a"}, {"start": "00:10:36", "end": "00:10:41", "text": "decent sentiment indicator that we're"}, {"start": "00:10:38", "end": "00:10:43", "text": "approaching some some sort of final year"}, {"start": "00:10:41", "end": "00:10:45", "text": "of a cycle or something like that. Um,"}, {"start": "00:10:43", "end": "00:10:48", "text": "so my best guess right now, uh, also"}, {"start": "00:10:45", "end": "00:10:50", "text": "watching the IPO season is that 2026 is"}, {"start": "00:10:48", "end": "00:10:52", "text": "the final year of the cycle, but we'll"}, {"start": "00:10:50", "end": "00:10:53", "text": "have to see."}, {"start": "00:10:52", "end": "00:10:55", "text": ">> All right. So, you have some people"}, {"start": "00:10:53", "end": "00:10:58", "text": "calling for 26 being the final year. You"}, {"start": "00:10:55", "end": "00:11:00", "text": "have you have Tom Lee looking at 27"}, {"start": "00:10:58", "end": "00:11:03", "text": "being a blowoff top for this market. You"}, {"start": "00:11:00", "end": "00:11:06", "text": "look at SpaceX's IPO and the potential"}, {"start": "00:11:03", "end": "00:11:08", "text": "right now for a $2 trillion IPO is"}, {"start": "00:11:06", "end": "00:11:10", "text": "skyrocketing. The likelihood this could"}, {"start": "00:11:08", "end": "00:11:11", "text": "actually go above two trillion. So the"}, {"start": "00:11:10", "end": "00:11:14", "text": "real question cuz if you look at the"}, {"start": "00:11:11", "end": "00:11:17", "text": "next one at 2.2 trillion it's holding a"}, {"start": "00:11:14", "end": "00:11:19", "text": "67% probability that in itself I think"}, {"start": "00:11:17", "end": "00:11:21", "text": "starts to really change things up a"}, {"start": "00:11:19", "end": "00:11:23", "text": "little bit and the reason is liquidity"}, {"start": "00:11:21", "end": "00:11:26", "text": "in the market. What we we what will we"}, {"start": "00:11:23", "end": "00:11:29", "text": "see when it comes to other categories"}, {"start": "00:11:26", "end": "00:11:31", "text": "whether this is precious metals other"}, {"start": "00:11:29", "end": "00:11:33", "text": "areas within the the traditional finance"}, {"start": "00:11:31", "end": "00:11:35", "text": "markets or even risk assets and I think"}, {"start": "00:11:33", "end": "00:11:38", "text": "that's the real question that will play"}, {"start": "00:11:35", "end": "00:11:40", "text": "out in the coming months going into"}, {"start": "00:11:38", "end": "00:11:42", "text": "midterms. One of the biggest things that"}, {"start": "00:11:40", "end": "00:11:44", "text": "will of course focus on that is how"}, {"start": "00:11:42", "end": "00:11:47", "text": "macro is all going to be lining up."}, {"start": "00:11:44", "end": "00:11:49", "text": "Macro not lining up necessarily perfect"}, {"start": "00:11:47", "end": "00:11:51", "text": "because Iran has suspended talks with US"}, {"start": "00:11:49", "end": "00:11:53", "text": "over these most recent strikes with"}, {"start": "00:11:51", "end": "00:11:56", "text": "Israel on Lebanon. This of course gets"}, {"start": "00:11:53", "end": "00:12:00", "text": "into a whole issue guys on how does this"}, {"start": "00:11:56", "end": "00:12:02", "text": "end? When does the US and Trump have a"}, {"start": "00:12:00", "end": "00:12:04", "text": "true offramp? And I think that's the"}, {"start": "00:12:02", "end": "00:12:06", "text": "challenge that we're faced with right"}, {"start": "00:12:04", "end": "00:12:09", "text": "now. President Trump says he's in no"}, {"start": "00:12:06", "end": "00:12:11", "text": "hurry to make a deal with Iran if we"}, {"start": "00:12:09", "end": "00:12:14", "text": "don't get what we want. Here's my"}, {"start": "00:12:11", "end": "00:12:16", "text": "thinking is that you've got um someone"}, {"start": "00:12:14", "end": "00:12:18", "text": "like the IRCG who hasn't necessarily"}, {"start": "00:12:16", "end": "00:12:20", "text": "held to any of their agreements in the"}, {"start": "00:12:18", "end": "00:12:22", "text": "past. Why not just make an agreement,"}, {"start": "00:12:20", "end": "00:12:25", "text": "not worry about it, say you've won, get"}, {"start": "00:12:22", "end": "00:12:27", "text": "the offramp, move along and deal with"}, {"start": "00:12:25", "end": "00:12:31", "text": "that? I think the issue that Trump is"}, {"start": "00:12:27", "end": "00:12:34", "text": "dealing with now is we're 93 days in on"}, {"start": "00:12:31", "end": "00:12:37", "text": "this war and the straight of Hormuz is"}, {"start": "00:12:34", "end": "00:12:39", "text": "still strangling uh energy worldwide and"}, {"start": "00:12:37", "end": "00:12:41", "text": "that's a big problem when you look at"}, {"start": "00:12:39", "end": "00:12:44", "text": "it. Look at this. Exon Mobile, their"}, {"start": "00:12:41", "end": "00:12:47", "text": "senior VP says global oil inventories"}, {"start": "00:12:44", "end": "00:12:51", "text": "now are approaching record lows and that"}, {"start": "00:12:47", "end": "00:12:52", "text": "prices will spike sharply within weeks."}, {"start": "00:12:51", "end": "00:12:55", "text": "And that's where we are right now. And"}, {"start": "00:12:52", "end": "00:12:57", "text": "if Trump is in no hurry to get this"}, {"start": "00:12:55", "end": "00:12:59", "text": "going, what does that do to the US"}, {"start": "00:12:57", "end": "00:13:02", "text": "market? I think that puts a lot of"}, {"start": "00:12:59", "end": "00:13:04", "text": "pressure on the Republicans. It starts"}, {"start": "00:13:02", "end": "00:13:09", "text": "to really change the landscape in DC and"}, {"start": "00:13:04", "end": "00:13:11", "text": "it will most likely give a red carpet to"}, {"start": "00:13:09", "end": "00:13:14", "text": "the Democrats taking over the Senate uh"}, {"start": "00:13:11", "end": "00:13:15", "text": "coming midterms. Speaking of regulatory"}, {"start": "00:13:14", "end": "00:13:18", "text": "outline, you've got the Clarity Act"}, {"start": "00:13:15", "end": "00:13:22", "text": "absolutely plummeting right now on a 48%"}, {"start": "00:13:18", "end": "00:13:24", "text": "chance up from around 61%. Just"}, {"start": "00:13:22", "end": "00:13:26", "text": "yesterday here on Monday, we've"}, {"start": "00:13:24", "end": "00:13:28", "text": "plummeted down to 48%."}, {"start": "00:13:26", "end": "00:13:31", "text": "The likelihood of clarity is quickly"}, {"start": "00:13:28", "end": "00:13:33", "text": "waning, guys. And this is a huge issue"}, {"start": "00:13:31", "end": "00:13:35", "text": "if they can't turn it around. Doesn't"}, {"start": "00:13:33", "end": "00:13:37", "text": "mean they won't because there will be"}, {"start": "00:13:35", "end": "00:13:38", "text": "all of a sudden some sort of deal on the"}, {"start": "00:13:37", "end": "00:13:40", "text": "backside. But I think with everything"}, {"start": "00:13:38", "end": "00:13:42", "text": "that's happening on a global side,"}, {"start": "00:13:40", "end": "00:13:43", "text": "what's happening with the Trump"}, {"start": "00:13:42", "end": "00:13:45", "text": "administration as you heard Mike"}, {"start": "00:13:43", "end": "00:13:48", "text": "Novagratz talk about, the amount of"}, {"start": "00:13:45", "end": "00:13:51", "text": "corrupt at least perception is starting"}, {"start": "00:13:48", "end": "00:13:53", "text": "to affect the markets in a very negative"}, {"start": "00:13:51", "end": "00:13:55", "text": "way. Let me go to this uh from R Pal"}, {"start": "00:13:53", "end": "00:13:57", "text": "because he he breaks down whether or not"}, {"start": "00:13:55", "end": "00:14:00", "text": "we get retail coming back into this"}, {"start": "00:13:57", "end": "00:14:02", "text": "market because remember entry points are"}, {"start": "00:14:00", "end": "00:14:04", "text": "the potential where you could see"}, {"start": "00:14:02", "end": "00:14:09", "text": "markets at the right place at the right"}, {"start": "00:14:04", "end": "00:14:13", "text": "time. Take a look. Retail is driven by"}, {"start": "00:14:09", "end": "00:14:14", "text": "the fastest possible returns. If you go"}, {"start": "00:14:13", "end": "00:14:17", "text": "with the thesis that most retail"}, {"start": "00:14:14", "end": "00:14:20", "text": "investors, the Robin Hood crowd and the"}, {"start": "00:14:17", "end": "00:14:23", "text": "Coinbase crowd, they're generally in"}, {"start": "00:14:20", "end": "00:14:25", "text": "their 20s and 30s. They generally can't"}, {"start": "00:14:23", "end": "00:14:27", "text": "afford a house. They're generally"}, {"start": "00:14:25", "end": "00:14:30", "text": "working two or three jobs"}, {"start": "00:14:27", "end": "00:14:33", "text": "and they're looking for a way out."}, {"start": "00:14:30", "end": "00:14:35", "text": "And so they will speculate. They're also"}, {"start": "00:14:33", "end": "00:14:36", "text": "a gaming generation. So losing your life"}, {"start": "00:14:35", "end": "00:14:39", "text": "is not the end of the world cuz you lose"}, {"start": "00:14:36", "end": "00:14:41", "text": "it in games and you start again, right?"}, {"start": "00:14:39", "end": "00:14:43", "text": "They grew up on gaming. So it's a"}, {"start": "00:14:41", "end": "00:14:45", "text": "risk-taking culture"}, {"start": "00:14:43", "end": "00:14:47", "text": "and it's a logical risk-taking culture"}, {"start": "00:14:45", "end": "00:14:50", "text": "when there's no way of getting out of"}, {"start": "00:14:47", "end": "00:14:52", "text": "the trap unless you take risk. So if the"}, {"start": "00:14:50", "end": "00:14:53", "text": "returns start coming back to crypto and"}, {"start": "00:14:52", "end": "00:14:55", "text": "we know that over time cryptos"}, {"start": "00:14:53", "end": "00:14:58", "text": "outperformed I posted a chart on X"}, {"start": "00:14:55", "end": "00:15:00", "text": "recently about the gold crypto ratio. I"}, {"start": "00:14:58", "end": "00:15:03", "text": "mean"}, {"start": "00:15:00", "end": "00:15:05", "text": "I mean since 2020 I think crypto uh"}, {"start": "00:15:03", "end": "00:15:07", "text": "Bitcoin's outperformed gold by 87 and a"}, {"start": "00:15:05", "end": "00:15:09", "text": "half%."}, {"start": "00:15:07", "end": "00:15:11", "text": "So as soon as crypto starts moving it"}, {"start": "00:15:09", "end": "00:15:13", "text": "has that super massive black hole effect"}, {"start": "00:15:11", "end": "00:15:15", "text": "because it outperforms everything and it"}, {"start": "00:15:13", "end": "00:15:18", "text": "just sucks in capital. So they will be"}, {"start": "00:15:15", "end": "00:15:20", "text": "back. They didn't leave crypto forever."}, {"start": "00:15:18", "end": "00:15:21", "text": "They just lost their stake at the casino"}, {"start": "00:15:20", "end": "00:15:23", "text": "and if they've got a stake they went"}, {"start": "00:15:21", "end": "00:15:25", "text": "elsewhere to the different casino and"}, {"start": "00:15:23", "end": "00:15:27", "text": "they'll come back to whatever casino"}, {"start": "00:15:25", "end": "00:15:29", "text": "pays the best odds. Well, I do agree"}, {"start": "00:15:27", "end": "00:15:31", "text": "with that. Whatever casino plays the"}, {"start": "00:15:29", "end": "00:15:33", "text": "best odds, what you have right now"}, {"start": "00:15:31", "end": "00:15:35", "text": "between retail and institutional and"}, {"start": "00:15:33", "end": "00:15:38", "text": "even high net worth is you're taking a"}, {"start": "00:15:35", "end": "00:15:40", "text": "look at where the market sets up. And I"}, {"start": "00:15:38", "end": "00:15:42", "text": "think if we do see a blowoff top, is"}, {"start": "00:15:40", "end": "00:15:43", "text": "there an alternative where we start to"}, {"start": "00:15:42", "end": "00:15:45", "text": "see a shift going into some of these"}, {"start": "00:15:43", "end": "00:15:48", "text": "risk assets things that people will look"}, {"start": "00:15:45", "end": "00:15:49", "text": "at is some of the fundamentals. One of"}, {"start": "00:15:48", "end": "00:15:51", "text": "the things they might consider is this"}, {"start": "00:15:49", "end": "00:15:53", "text": "right here. Swift confirming over 50"}, {"start": "00:15:51", "end": "00:15:55", "text": "major banks will implement crypto rails"}, {"start": "00:15:53", "end": "00:15:58", "text": "for crossber payments. that includes"}, {"start": "00:15:55", "end": "00:16:00", "text": "pretty much everyone out there. That's"}, {"start": "00:15:58", "end": "00:16:02", "text": "the question mark I think that a lot of"}, {"start": "00:16:00", "end": "00:16:05", "text": "investors are looking at today. Is this"}, {"start": "00:16:02", "end": "00:16:08", "text": "a legitimate asset class? Will it be one"}, {"start": "00:16:05", "end": "00:16:09", "text": "of the majors that starts to maybe"}, {"start": "00:16:08", "end": "00:16:12", "text": "recover first? Cuz it's definitely not"}, {"start": "00:16:09", "end": "00:16:13", "text": "in that phase right now. That's the"}, {"start": "00:16:12", "end": "00:16:14", "text": "question mark everybody's looking to"}, {"start": "00:16:13", "end": "00:16:16", "text": "answer. We're going to be covering this"}, {"start": "00:16:14", "end": "00:16:19", "text": "and more because there's a lot happening"}, {"start": "00:16:16", "end": "00:16:19", "text": "this week."}, {"start": "00:16:23", "end": "00:16:27", "text": "If you like this video, hit like and"}, {"start": "00:16:25", "end": "00:16:30", "text": "subscribe. Drop a comment down below and"}, {"start": "00:16:27", "end": "00:16:34", "text": "also join our free private member group."}, {"start": "00:16:30", "end": "00:16:34", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Rate hikes incoming. Could it be huge?"}, {"start": "00:00:02", "end": "00:00:05", "text": "Today we'll break it all down for you."}, {"start": "00:00:04", "end": "00:00:07", "text": "We're going to have a trader on. You"}, {"start": "00:00:05", "end": "00:00:08", "text": "don't want to miss it. I want to thank"}, {"start": "00:00:07", "end": "00:00:11", "text": "our sponsor today and of course that is"}, {"start": "00:00:08", "end": "00:00:13", "text": "Uphold. If you are holding crypto right"}, {"start": "00:00:11", "end": "00:00:15", "text": "now and not earning rewards, you're"}, {"start": "00:00:13", "end": "00:00:17", "text": "essentially leaving money on the table."}, {"start": "00:00:15", "end": "00:00:20", "text": "And the reality is in today's market,"}, {"start": "00:00:17", "end": "00:00:23", "text": "you need to be able to move instantly."}, {"start": "00:00:20", "end": "00:00:25", "text": "That's why Uphold's flexible staking is"}, {"start": "00:00:23", "end": "00:00:28", "text": "such a gamecher. You can earn weekly"}, {"start": "00:00:25", "end": "00:00:30", "text": "rewards automatically on assets you"}, {"start": "00:00:28", "end": "00:00:32", "text": "already hold without a lockup. That's"}, {"start": "00:00:30", "end": "00:00:34", "text": "most important. You can sell anytime."}, {"start": "00:00:32", "end": "00:00:37", "text": "It's the perfect setup for anyone who"}, {"start": "00:00:34", "end": "00:00:39", "text": "wants to grow their holdings without"}, {"start": "00:00:37", "end": "00:00:42", "text": "losing their exit strategy. Download the"}, {"start": "00:00:39", "end": "00:00:43", "text": "Uphold app today and try it for"}, {"start": "00:00:42", "end": "00:00:46", "text": "yourself. Uh let's get started. I want"}, {"start": "00:00:43", "end": "00:00:48", "text": "to lead off here with a Tom Lee clip"}, {"start": "00:00:46", "end": "00:00:51", "text": "where he breaks down this three-phase"}, {"start": "00:00:48", "end": "00:00:52", "text": "market because we are seeing the S&P"}, {"start": "00:00:51", "end": "00:00:54", "text": "skyrocket. Take a look."}, {"start": "00:00:52", "end": "00:00:57", "text": "You're calling for a three-phase market"}, {"start": "00:00:54", "end": "00:00:59", "text": "still. Explain to our viewers again what"}, {"start": "00:00:57", "end": "00:01:01", "text": "what what that means"}, {"start": "00:00:59", "end": "00:01:03", "text": ">> is we would rally towards 7,300"}, {"start": "00:01:01", "end": "00:01:04", "text": "initially. Now we're above that, but I"}, {"start": "00:01:03", "end": "00:01:05", "text": "think"}, {"start": "00:01:04", "end": "00:01:06", "text": ">> almost 76."}, {"start": "00:01:05", "end": "00:01:10", "text": ">> Yeah. And I think we can get to maybe"}, {"start": "00:01:06", "end": "00:01:12", "text": "77, as high as 77, but I think then"}, {"start": "00:01:10", "end": "00:01:15", "text": "we're going to digest a lot of things"}, {"start": "00:01:12", "end": "00:01:18", "text": "until October. And that's a new Fed"}, {"start": "00:01:15", "end": "00:01:22", "text": "share. It's the energy shock. And the"}, {"start": "00:01:18", "end": "00:01:24", "text": "third is the IPOs of SpaceX opening an"}, {"start": "00:01:22", "end": "00:01:26", "text": "anthropic that when the unlocks happen"}, {"start": "00:01:24", "end": "00:01:29", "text": "that's a lot of extra supply. So I think"}, {"start": "00:01:26", "end": "00:01:31", "text": "that could pressure stocks in a way that"}, {"start": "00:01:29", "end": "00:01:32", "text": "feels like a bare market."}, {"start": "00:01:31", "end": "00:01:34", "text": ">> All right. So very interesting"}, {"start": "00:01:32", "end": "00:01:36", "text": "statements there in terms of this"}, {"start": "00:01:34", "end": "00:01:38", "text": "three-phase. Uh timing is going to be"}, {"start": "00:01:36", "end": "00:01:40", "text": "very similar. He also talked a little"}, {"start": "00:01:38", "end": "00:01:43", "text": "bit about that we are going to see"}, {"start": "00:01:40", "end": "00:01:44", "text": "essentially a face melter in 2027. Uh"}, {"start": "00:01:43", "end": "00:01:46", "text": "I'm going to break this down with Evan"}, {"start": "00:01:44", "end": "00:01:47", "text": "Aldo. We've got we're actually going to"}, {"start": "00:01:46", "end": "00:01:48", "text": "talk about all of those. So Evan, how"}, {"start": "00:01:47", "end": "00:01:50", "text": "are you man?"}, {"start": "00:01:48", "end": "00:01:51", "text": ">> I'm doing fantastic Paul. Always a"}, {"start": "00:01:50", "end": "00:01:52", "text": "pleasure talking."}, {"start": "00:01:51", "end": "00:01:54", "text": ">> Nice to see you."}, {"start": "00:01:52", "end": "00:01:58", "text": ">> Yeah, nice to see you. Hey, we got a"}, {"start": "00:01:54", "end": "00:02:01", "text": "potential here. Fed rate hikes in 2026."}, {"start": "00:01:58", "end": "00:02:04", "text": "Uh it is rising. We are sitting at right"}, {"start": "00:02:01", "end": "00:02:06", "text": "at 32% right now before uh Kevin Walsh"}, {"start": "00:02:04", "end": "00:02:08", "text": "does his first FOMC meeting, if in fact"}, {"start": "00:02:06", "end": "00:02:11", "text": "we have FOMC meetings anymore. Who knows"}, {"start": "00:02:08", "end": "00:02:12", "text": "what's going to happen during the Fed."}, {"start": "00:02:11", "end": "00:02:13", "text": ">> But what's your position right now? Do"}, {"start": "00:02:12", "end": "00:02:15", "text": "you feel like we're going to see the"}, {"start": "00:02:13", "end": "00:02:18", "text": "hike or do you feel we'll see a pause?"}, {"start": "00:02:15", "end": "00:02:20", "text": "You know, I I have the more optimistic"}, {"start": "00:02:18", "end": "00:02:21", "text": "path. When I look at the charts, it"}, {"start": "00:02:20", "end": "00:02:22", "text": "looks like yields are going to head"}, {"start": "00:02:21", "end": "00:02:24", "text": "down. I think it's highly unlikely"}, {"start": "00:02:22", "end": "00:02:26", "text": "you're going to see a hike. I think the"}, {"start": "00:02:24", "end": "00:02:29", "text": "moment you get a 5% pullback from the"}, {"start": "00:02:26", "end": "00:02:31", "text": "S&P 500, that's going to kind of end any"}, {"start": "00:02:29", "end": "00:02:32", "text": "speculation of a hike. I also think Iran"}, {"start": "00:02:31", "end": "00:02:34", "text": "is obviously coming to a close, I think"}, {"start": "00:02:32", "end": "00:02:36", "text": "that's going to end any speculation of a"}, {"start": "00:02:34", "end": "00:02:38", "text": "of a hike. It's probably going to be a"}, {"start": "00:02:36", "end": "00:02:41", "text": "long pause. Maybe, just maybe, you can"}, {"start": "00:02:38", "end": "00:02:42", "text": "get a cut before midterms. I wouldn't"}, {"start": "00:02:41", "end": "00:02:44", "text": "even rule that out. So, yeah."}, {"start": "00:02:42", "end": "00:02:45", "text": ">> Interesting. A cut before midterms."}, {"start": "00:02:44", "end": "00:02:47", "text": "Evan, all"}, {"start": "00:02:45", "end": "00:02:49", "text": ">> if the S&P 500 comes down a little bit,"}, {"start": "00:02:47", "end": "00:02:51", "text": "but maybe I'm being"}, {"start": "00:02:49", "end": "00:02:52", "text": ">> adjust. Well, that's kind of like what"}, {"start": "00:02:51", "end": "00:02:56", "text": "uh Tom was talking about is that we"}, {"start": "00:02:52", "end": "00:03:00", "text": "could see a bump in up to July, then a a"}, {"start": "00:02:56", "end": "00:03:02", "text": "bit of a a step back in the S&P and then"}, {"start": "00:03:00", "end": "00:03:04", "text": "after midterms, a run on this"}, {"start": "00:03:02", "end": "00:03:06", "text": "three-phase. Uh, of course, one of the"}, {"start": "00:03:04", "end": "00:03:08", "text": "key things that would have to happen"}, {"start": "00:03:06", "end": "00:03:10", "text": "here is the Iranian deal. You've got now"}, {"start": "00:03:08", "end": "00:03:13", "text": "Trump announcing a proposed term on the"}, {"start": "00:03:10", "end": "00:03:15", "text": "US Iranian deal. A few key things in"}, {"start": "00:03:13", "end": "00:03:16", "text": "here. Uh they're talking about the"}, {"start": "00:03:15", "end": "00:03:19", "text": "mines. They're talking about"}, {"start": "00:03:16", "end": "00:03:21", "text": "coordinating mine removal. Uh enriched"}, {"start": "00:03:19", "end": "00:03:25", "text": "uranium. All of this has to be destroyed"}, {"start": "00:03:21", "end": "00:03:27", "text": "and of course um by the US and China now"}, {"start": "00:03:25", "end": "00:03:30", "text": "in on this. So that's new. Then of"}, {"start": "00:03:27", "end": "00:03:32", "text": "course you have Iran coming and firing"}, {"start": "00:03:30", "end": "00:03:33", "text": "back according to BRICS news saying no"}, {"start": "00:03:32", "end": "00:03:36", "text": "it's just it you know this is what he"}, {"start": "00:03:33", "end": "00:03:38", "text": "wants but it's not reality which is"}, {"start": "00:03:36", "end": "00:03:40", "text": "going to be interesting. I think at some"}, {"start": "00:03:38", "end": "00:03:41", "text": "point there's got to be an offramp here."}, {"start": "00:03:40", "end": "00:03:44", "text": "All of this is going to get a little bit"}, {"start": "00:03:41", "end": "00:03:47", "text": "crazy. And then of course you've got uh"}, {"start": "00:03:44", "end": "00:03:49", "text": "situations right now with Trump made so"}, {"start": "00:03:47", "end": "00:03:50", "text": "much fun of Obama giving Iranians cash"}, {"start": "00:03:49", "end": "00:03:52", "text": "and of course this was talking about the"}, {"start": "00:03:50", "end": "00:03:56", "text": "proposed peace deal right now with 300"}, {"start": "00:03:52", "end": "00:03:58", "text": "billion reconstruction fund going in. So"}, {"start": "00:03:56", "end": "00:04:01", "text": "I don't know man this is getting crazy"}, {"start": "00:03:58", "end": "00:04:04", "text": "uh in terms of how this plays out. Do"}, {"start": "00:04:01", "end": "00:04:07", "text": "you think we get out of Iran before"}, {"start": "00:04:04", "end": "00:04:09", "text": "let's say July? That's in the next 30"}, {"start": "00:04:07", "end": "00:04:11", "text": "days. You know, it's tough to say. I"}, {"start": "00:04:09", "end": "00:04:12", "text": "mean, that I think that may be a little"}, {"start": "00:04:11", "end": "00:04:14", "text": "bit too soon, but I'd say before the end"}, {"start": "00:04:12", "end": "00:04:15", "text": "of August could be a good goal. I think,"}, {"start": "00:04:14", "end": "00:04:17", "text": "you know, you're going to see more"}, {"start": "00:04:15", "end": "00:04:19", "text": "negotiations. Um, you know, price gets"}, {"start": "00:04:17", "end": "00:04:20", "text": "factored in quickly. So, I I would say"}, {"start": "00:04:19", "end": "00:04:22", "text": "very likely within two months. I would"}, {"start": "00:04:20", "end": "00:04:25", "text": "say that question you asked is probably"}, {"start": "00:04:22", "end": "00:04:26", "text": "a 50/50. That's tough. Yeah. Maybe."}, {"start": "00:04:25", "end": "00:04:27", "text": ">> Yeah."}, {"start": "00:04:26", "end": "00:04:29", "text": ">> I think it's going to be a little bit"}, {"start": "00:04:27", "end": "00:04:32", "text": "longer unless something really changes"}, {"start": "00:04:29", "end": "00:04:34", "text": "in terms of uh the Iranians mindset on"}, {"start": "00:04:32", "end": "00:04:35", "text": "how they want to exit this. And of"}, {"start": "00:04:34", "end": "00:04:37", "text": "course, this is all about winning too"}, {"start": "00:04:35", "end": "00:04:39", "text": "for Trump. Mhm."}, {"start": "00:04:37", "end": "00:04:42", "text": ">> Speaking of that, we've started to see"}, {"start": "00:04:39", "end": "00:04:43", "text": "an issue around Bitcoin and Bitcoin, of"}, {"start": "00:04:42", "end": "00:04:47", "text": "course, did a little bit of a bump here."}, {"start": "00:04:43", "end": "00:04:49", "text": "It erased some losses, reclaimed 74 uh"}, {"start": "00:04:47", "end": "00:04:51", "text": "at the same time that this announcement"}, {"start": "00:04:49", "end": "00:04:53", "text": "was going on. We'll probably see this go"}, {"start": "00:04:51", "end": "00:04:56", "text": "another bounce down and bounce up again"}, {"start": "00:04:53", "end": "00:04:57", "text": "as a lot of this seems to be correlated"}, {"start": "00:04:56", "end": "00:05:00", "text": "to both energy and what's happening in"}, {"start": "00:04:57", "end": "00:05:03", "text": "Iran. When you chart this right now in"}, {"start": "00:05:00", "end": "00:05:07", "text": "the near term, if you gave me a price"}, {"start": "00:05:03", "end": "00:05:10", "text": "target for Bitcoin into July, so here we"}, {"start": "00:05:07", "end": "00:05:12", "text": "are, end of May, all of June, where am I"}, {"start": "00:05:10", "end": "00:05:15", "text": "at in July?"}, {"start": "00:05:12", "end": "00:05:17", "text": ">> So, I would stay a bit more on the bare"}, {"start": "00:05:15", "end": "00:05:20", "text": "side for now. As long as we stay kind of"}, {"start": "00:05:17", "end": "00:05:22", "text": "below 78 79K, I would lean more towards"}, {"start": "00:05:20", "end": "00:05:23", "text": "the bare side. If you look at where your"}, {"start": "00:05:22", "end": "00:05:26", "text": "money flow is going right here,"}, {"start": "00:05:23", "end": "00:05:28", "text": "generally downward on your two week and"}, {"start": "00:05:26", "end": "00:05:29", "text": "that's generally a bearish pattern."}, {"start": "00:05:28", "end": "00:05:31", "text": "Everything's kind of coming down. You're"}, {"start": "00:05:29", "end": "00:05:33", "text": "losing momentum right here. Same thing"}, {"start": "00:05:31", "end": "00:05:34", "text": "on the weekly. This looks pretty bad as"}, {"start": "00:05:33", "end": "00:05:36", "text": "well. You're coming down with money"}, {"start": "00:05:34", "end": "00:05:37", "text": "flow. And I think this is going to look"}, {"start": "00:05:36", "end": "00:05:40", "text": "like how a lot of bare markets have"}, {"start": "00:05:37", "end": "00:05:42", "text": "looked where this is your weekly 200"}, {"start": "00:05:40", "end": "00:05:44", "text": "SMA. So, and it's cool that you asked"}, {"start": "00:05:42", "end": "00:05:46", "text": "about July because, you know, it's"}, {"start": "00:05:44", "end": "00:05:48", "text": "looking like something like this, maybe"}, {"start": "00:05:46", "end": "00:05:50", "text": "mid60s for some type of double bottom."}, {"start": "00:05:48", "end": "00:05:52", "text": "In every single bare market, we've"}, {"start": "00:05:50", "end": "00:05:54", "text": "bottomed around this kind of area. So,"}, {"start": "00:05:52", "end": "00:05:56", "text": "yeah, I think that you may come up a"}, {"start": "00:05:54", "end": "00:05:58", "text": "little bit in the short term, but I"}, {"start": "00:05:56", "end": "00:05:59", "text": "think you're generally as of right now,"}, {"start": "00:05:58", "end": "00:06:02", "text": "as long as you stay below these levels"}, {"start": "00:05:59", "end": "00:06:04", "text": "like 77, 78, you're probably more in a"}, {"start": "00:06:02", "end": "00:06:06", "text": "bare trend in my opinion for the next"}, {"start": "00:06:04", "end": "00:06:08", "text": "month only, next month, two months, you"}, {"start": "00:06:06", "end": "00:06:10", "text": "know, the summer, that area."}, {"start": "00:06:08", "end": "00:06:12", "text": ">> All right, so bare trend on Bitcoin. One"}, {"start": "00:06:10", "end": "00:06:16", "text": "thing that could really start to spiral"}, {"start": "00:06:12", "end": "00:06:18", "text": "this down is an actual rate hike. I want"}, {"start": "00:06:16", "end": "00:06:20", "text": "to go to a clip here because there there"}, {"start": "00:06:18", "end": "00:06:22", "text": "is some arguments out there and some"}, {"start": "00:06:20", "end": "00:06:25", "text": "analysis that maybe it's bigger than"}, {"start": "00:06:22", "end": "00:06:27", "text": "what people are expecting. Take a look."}, {"start": "00:06:25", "end": "00:06:29", "text": ">> Why at least 100 basis points?"}, {"start": "00:06:27", "end": "00:06:31", "text": ">> Because if you look at core inflation"}, {"start": "00:06:29", "end": "00:06:34", "text": "from where it was before we attacked"}, {"start": "00:06:31", "end": "00:06:37", "text": "Iran, it's going to be up at least 100"}, {"start": "00:06:34", "end": "00:06:39", "text": "basis points. So in simple basic math,"}, {"start": "00:06:37", "end": "00:06:41", "text": "your real interest rate has collapsed"}, {"start": "00:06:39", "end": "00:06:43", "text": "100. You'd want to offset that by"}, {"start": "00:06:41", "end": "00:06:46", "text": "raising the funds rate at least by that"}, {"start": "00:06:43", "end": "00:06:48", "text": "amount. How urgent is your call for at"}, {"start": "00:06:46", "end": "00:06:50", "text": "least a hundred basis points? In other"}, {"start": "00:06:48", "end": "00:06:51", "text": "words, if the Fed stands pat, which it"}, {"start": "00:06:50", "end": "00:06:53", "text": "might very well do for the next couple"}, {"start": "00:06:51", "end": "00:06:55", "text": "of meetings, is that going to be a"}, {"start": "00:06:53", "end": "00:06:56", "text": "policy mistake looking in the rearview"}, {"start": "00:06:55", "end": "00:06:58", "text": "mirror?"}, {"start": "00:06:56", "end": "00:07:00", "text": ">> Maybe. It's hard to say because at some"}, {"start": "00:06:58", "end": "00:07:02", "text": "point you could make the argument that"}, {"start": "00:07:00", "end": "00:07:03", "text": "Kevin Worsh is going to make, which I"}, {"start": "00:07:02", "end": "00:07:06", "text": "understand, which is this we're going to"}, {"start": "00:07:03", "end": "00:07:07", "text": "increase the supply side of the economy."}, {"start": "00:07:06", "end": "00:07:09", "text": "Uh shift that aggregate supply curve"}, {"start": "00:07:07", "end": "00:07:11", "text": "down and to the right. That will"}, {"start": "00:07:09", "end": "00:07:13", "text": "increase growth and lower inflation."}, {"start": "00:07:11", "end": "00:07:15", "text": "That that that's a legitimate forecast."}, {"start": "00:07:13", "end": "00:07:18", "text": "They could wait in the short term"}, {"start": "00:07:15", "end": "00:07:20", "text": "because market-based expectations,"}, {"start": "00:07:18", "end": "00:07:21", "text": "inflation expectations are contained and"}, {"start": "00:07:20", "end": "00:07:23", "text": "you haven't seen an acceleration in wage"}, {"start": "00:07:21", "end": "00:07:25", "text": "growth. But Melissa, if either of those"}, {"start": "00:07:23", "end": "00:07:27", "text": "two developments change, there's going"}, {"start": "00:07:25", "end": "00:07:28", "text": "to be tremendous pressure on the Fed to"}, {"start": "00:07:27", "end": "00:07:30", "text": "hike as soon as September. I think Kevin"}, {"start": "00:07:28", "end": "00:07:32", "text": "Worsh will do a very good job and we'll"}, {"start": "00:07:30", "end": "00:07:35", "text": "push back against it. But if an if the"}, {"start": "00:07:32", "end": "00:07:36", "text": "economy is growing reasonably well and"}, {"start": "00:07:35", "end": "00:07:39", "text": "inflation's moving further away from"}, {"start": "00:07:36", "end": "00:07:41", "text": "target, why wouldn't he be hiking?"}, {"start": "00:07:39", "end": "00:07:43", "text": ">> Okay, so I'm going to go on record. I"}, {"start": "00:07:41", "end": "00:07:44", "text": "don't think he's going to do it. I don't"}, {"start": "00:07:43", "end": "00:07:47", "text": "think he's going to pull the trigger."}, {"start": "00:07:44", "end": "00:07:49", "text": "Um, even though US inflation is running"}, {"start": "00:07:47", "end": "00:07:51", "text": "hot, you look at all the numbers. I get"}, {"start": "00:07:49", "end": "00:07:53", "text": "it. Everybody says this all the time,"}, {"start": "00:07:51", "end": "00:07:56", "text": "but in reality, I think it's still a"}, {"start": "00:07:53", "end": "00:08:00", "text": "price to measure situation. And when you"}, {"start": "00:07:56", "end": "00:08:02", "text": "consider that and potentially all of the"}, {"start": "00:08:00", "end": "00:08:05", "text": "macro environments loosening up is"}, {"start": "00:08:02", "end": "00:08:06", "text": "primarily going to be energy. This could"}, {"start": "00:08:05", "end": "00:08:09", "text": "change things a little bit. And of"}, {"start": "00:08:06", "end": "00:08:12", "text": "course I I guess the question right now"}, {"start": "00:08:09", "end": "00:08:15", "text": "if we got a 100 basis point rate hike"}, {"start": "00:08:12", "end": "00:08:17", "text": "where would you put Bitcoin?"}, {"start": "00:08:15", "end": "00:08:19", "text": ">> Oh man I mean that's first of all I"}, {"start": "00:08:17", "end": "00:08:21", "text": "think it's so highly unlikely you would"}, {"start": "00:08:19", "end": "00:08:22", "text": "get a 100 base you know rate hike. I"}, {"start": "00:08:21", "end": "00:08:24", "text": "think the price is already starting to"}, {"start": "00:08:22", "end": "00:08:26", "text": "factor in maybe one rate hike with all"}, {"start": "00:08:24", "end": "00:08:28", "text": "this fear you know"}, {"start": "00:08:26", "end": "00:08:29", "text": ">> I mean 100 basis points that would be a"}, {"start": "00:08:28", "end": "00:08:31", "text": "nightmare. Probably somewhere in the 50s"}, {"start": "00:08:29", "end": "00:08:32", "text": "I don't know high 40s but I that's not"}, {"start": "00:08:31", "end": "00:08:34", "text": "going to happen. Highly unlikely."}, {"start": "00:08:32", "end": "00:08:35", "text": ">> All right. There you go. I like it. I'm"}, {"start": "00:08:34", "end": "00:08:37", "text": "on your side. I don't think it's it's"}, {"start": "00:08:35", "end": "00:08:40", "text": "going to happen at all. Another person"}, {"start": "00:08:37", "end": "00:08:43", "text": "I'm on the side of is Clarity. Uh but at"}, {"start": "00:08:40", "end": "00:08:44", "text": "the same time, we're looking at some,"}, {"start": "00:08:43", "end": "00:08:46", "text": "you know, I would say a little bit more"}, {"start": "00:08:44", "end": "00:08:47", "text": "pressure of getting it through. Next"}, {"start": "00:08:46", "end": "00:08:51", "text": "window for digital asset legislation"}, {"start": "00:08:47", "end": "00:08:54", "text": "after Congress is 2030."}, {"start": "00:08:51", "end": "00:08:56", "text": "Until then, developers remain exposed."}, {"start": "00:08:54", "end": "00:09:00", "text": "No legal protection. I don't know. this"}, {"start": "00:08:56", "end": "00:09:01", "text": "maybe this is just a little bit of um"}, {"start": "00:09:00", "end": "00:09:04", "text": "you know grandstanding to a certain"}, {"start": "00:09:01", "end": "00:09:06", "text": "extent but I think with with what Lumus"}, {"start": "00:09:04", "end": "00:09:08", "text": "is trying to do you think what's your"}, {"start": "00:09:06", "end": "00:09:13", "text": "percentage on clarity right now"}, {"start": "00:09:08", "end": "00:09:15", "text": ">> I I think 60 40 you know 65 35"}, {"start": "00:09:13", "end": "00:09:17", "text": ">> yeah I I think it's a good bet um I"}, {"start": "00:09:15", "end": "00:09:19", "text": "think in all likelihood though they"}, {"start": "00:09:17", "end": "00:09:21", "text": "should be able to do it I don't see why"}, {"start": "00:09:19", "end": "00:09:21", "text": "they can't I mean"}, {"start": "00:09:21", "end": "00:09:23", "text": ">> um"}, {"start": "00:09:21", "end": "00:09:25", "text": ">> there's so many things that are sticking"}, {"start": "00:09:23", "end": "00:09:26", "text": "points I think the the concern right"}, {"start": "00:09:25", "end": "00:09:29", "text": "now, at least I have, is going to be"}, {"start": "00:09:26", "end": "00:09:31", "text": "ethics. Whether they will get it, you"}, {"start": "00:09:29", "end": "00:09:33", "text": "know, get the Dem or the Republicans in"}, {"start": "00:09:31", "end": "00:09:35", "text": "a position where they'll, you know, at"}, {"start": "00:09:33", "end": "00:09:37", "text": "least reposition on ethics. The other"}, {"start": "00:09:35", "end": "00:09:40", "text": "thing that could actually be an"}, {"start": "00:09:37", "end": "00:09:42", "text": "interesting is CBDC's of how that plays"}, {"start": "00:09:40", "end": "00:09:44", "text": "out because, of course, Besson is all"}, {"start": "00:09:42", "end": "00:09:44", "text": "out there. We're not going to have it."}, {"start": "00:09:44", "end": "00:09:47", "text": "You know, we're going to get this"}, {"start": "00:09:44", "end": "00:09:50", "text": "through. And you have Besson out there"}, {"start": "00:09:47", "end": "00:09:51", "text": "and Patrick Whit both really pushing"}, {"start": "00:09:50", "end": "00:09:53", "text": "hard to try to get this through. maybe"}, {"start": "00:09:51", "end": "00:09:56", "text": "get it across the line or something else"}, {"start": "00:09:53", "end": "00:09:59", "text": "is uh out there for sure. Let's jump"}, {"start": "00:09:56", "end": "00:10:02", "text": "over to Ethereum. Joseph Shalom. Uh we"}, {"start": "00:09:59", "end": "00:10:05", "text": "had him on the show not too long ago and"}, {"start": "00:10:02", "end": "00:10:08", "text": "this gets into some of the dat it's it's"}, {"start": "00:10:05", "end": "00:10:10", "text": "a clip on him talking about the burned"}, {"start": "00:10:08", "end": "00:10:13", "text": "thesis and then I want to ask you where"}, {"start": "00:10:10", "end": "00:10:14", "text": "the ETH chart flows if this happens."}, {"start": "00:10:13", "end": "00:10:17", "text": "Take a look."}, {"start": "00:10:14", "end": "00:10:19", "text": ">> What is the thesis for ETH the asset and"}, {"start": "00:10:17", "end": "00:10:21", "text": "why is you know Ethereum not ETH? Why is"}, {"start": "00:10:19", "end": "00:10:23", "text": "that the incorrect take here?"}, {"start": "00:10:21", "end": "00:10:25", "text": ">> Yeah, I think the it's the former, but"}, {"start": "00:10:23", "end": "00:10:27", "text": "we generally believe we're going to see"}, {"start": "00:10:25", "end": "00:10:30", "text": "step function increases from stable"}, {"start": "00:10:27", "end": "00:10:33", "text": "coins, tokenization, and Aentic that"}, {"start": "00:10:30", "end": "00:10:35", "text": "will create that demand that will"}, {"start": "00:10:33", "end": "00:10:38", "text": "trigger the burn. And when that happens"}, {"start": "00:10:35", "end": "00:10:42", "text": "and you start seeing 10x, 20x, 50x or"}, {"start": "00:10:38", "end": "00:10:45", "text": "more transactions on Ethereum and the"}, {"start": "00:10:42", "end": "00:10:47", "text": "L2s, you're going to end up needing"}, {"start": "00:10:45", "end": "00:10:50", "text": "Ether as that trustwware to secure the"}, {"start": "00:10:47", "end": "00:10:53", "text": "transaction. All right. So, he is very"}, {"start": "00:10:50", "end": "00:10:55", "text": "bullish for obvious reasons. One of the"}, {"start": "00:10:53", "end": "00:10:58", "text": "large stats out there he's in charge of."}, {"start": "00:10:55", "end": "00:11:00", "text": "Uh he's in alignment with Tom Lee uh"}, {"start": "00:10:58", "end": "00:11:03", "text": "with what BMR is doing. You look at that"}, {"start": "00:11:00", "end": "00:11:05", "text": "and where ETH is right now, which is"}, {"start": "00:11:03", "end": "00:11:07", "text": "struggling."}, {"start": "00:11:05", "end": "00:11:10", "text": "Would you consider this if the thesis"}, {"start": "00:11:07", "end": "00:11:12", "text": "plays out, I do you think we would see"}, {"start": "00:11:10", "end": "00:11:13", "text": "that kind of all-time high runup here on"}, {"start": "00:11:12", "end": "00:11:16", "text": "on Ethereum?"}, {"start": "00:11:13", "end": "00:11:18", "text": ">> You know, it it's there's a case to be"}, {"start": "00:11:16", "end": "00:11:20", "text": "made for it. Um, so there there's"}, {"start": "00:11:18", "end": "00:11:22", "text": "definitely a case to be made for it. The"}, {"start": "00:11:20", "end": "00:11:23", "text": "thing is though, right now it does, you"}, {"start": "00:11:22", "end": "00:11:26", "text": "know, you're you're at such a big"}, {"start": "00:11:23", "end": "00:11:28", "text": "decision point right here right around"}, {"start": "00:11:26", "end": "00:11:30", "text": "2,000. You know, your two week looks"}, {"start": "00:11:28", "end": "00:11:31", "text": "really bad. However, sometimes you get"}, {"start": "00:11:30", "end": "00:11:32", "text": "lucky with this. If you look right here"}, {"start": "00:11:31", "end": "00:11:35", "text": "where we went into the red for the money"}, {"start": "00:11:32", "end": "00:11:39", "text": "flow lost momentum, it was actually a"}, {"start": "00:11:35", "end": "00:11:40", "text": "nice bottom in September of 20 2023. So,"}, {"start": "00:11:39", "end": "00:11:43", "text": "there's that. That's the kind of Hail"}, {"start": "00:11:40", "end": "00:11:44", "text": "Mary right there. Um, if I had to guess"}, {"start": "00:11:43", "end": "00:11:46", "text": "here, I mean, you're kind of losing this"}, {"start": "00:11:44", "end": "00:11:47", "text": "point. Like, it it's not looking that"}, {"start": "00:11:46", "end": "00:11:50", "text": "great at the moment, potentially"}, {"start": "00:11:47", "end": "00:11:51", "text": "dropping down to 1,600. Uh, these kind"}, {"start": "00:11:50", "end": "00:11:54", "text": "of areas. Maybe there's some hope"}, {"start": "00:11:51", "end": "00:11:56", "text": "at,900. There was a lot of capitulation."}, {"start": "00:11:54", "end": "00:11:57", "text": "So, you know, I think if you could hold"}, {"start": "00:11:56", "end": "00:11:59", "text": "these lows, you know, get some more"}, {"start": "00:11:57", "end": "00:12:01", "text": "momentum there on some of, you know,"}, {"start": "00:11:59", "end": "00:12:03", "text": "these indicators, um, and kind of hold"}, {"start": "00:12:01", "end": "00:12:05", "text": "these areas and break back above 2100, I"}, {"start": "00:12:03", "end": "00:12:07", "text": "would get much more optimistic and"}, {"start": "00:12:05", "end": "00:12:09", "text": "potentially get a position in Ethereum."}, {"start": "00:12:07", "end": "00:12:11", "text": "Right now I'm just solely um kind of in"}, {"start": "00:12:09", "end": "00:12:13", "text": "bit mainly in Bitcoin right now. But you"}, {"start": "00:12:11", "end": "00:12:14", "text": "know when you look at ETH versus Bitcoin"}, {"start": "00:12:13", "end": "00:12:16", "text": "as well, we did with this this was where"}, {"start": "00:12:14", "end": "00:12:18", "text": "the capitulation happened I believe the"}, {"start": "00:12:16", "end": "00:12:20", "text": "other day. A lot of people capitulated."}, {"start": "00:12:18", "end": "00:12:22", "text": "You get a nice jump up on your two-day."}, {"start": "00:12:20", "end": "00:12:24", "text": "So I think it's early but if you were to"}, {"start": "00:12:22", "end": "00:12:26", "text": "hold kind of this area and show some"}, {"start": "00:12:24", "end": "00:12:28", "text": "more momentum and the thing I want to"}, {"start": "00:12:26", "end": "00:12:30", "text": "see on this is breaking back above the"}, {"start": "00:12:28", "end": "00:12:32", "text": "lows from February because it's not good"}, {"start": "00:12:30", "end": "00:12:33", "text": "that we lost these lows from February"}, {"start": "00:12:32", "end": "00:12:35", "text": "right here. These areas we didn't want"}, {"start": "00:12:33", "end": "00:12:38", "text": "to lose this. we want to see us reclaim"}, {"start": "00:12:35", "end": "00:12:40", "text": "this and hold this and then I'd be much"}, {"start": "00:12:38", "end": "00:12:41", "text": "more open to that, you know, that"}, {"start": "00:12:40", "end": "00:12:43", "text": "trajectory of getting to the new"}, {"start": "00:12:41", "end": "00:12:45", "text": "all-time high and ethforming Bitcoin."}, {"start": "00:12:43", "end": "00:12:47", "text": "But until then, I think you want to be"}, {"start": "00:12:45", "end": "00:12:49", "text": "very cautious um on Ethereum. Last thing"}, {"start": "00:12:47", "end": "00:12:51", "text": "I'll say quickly is this weekly, this is"}, {"start": "00:12:49", "end": "00:12:53", "text": "what I'm looking at this to go from red"}, {"start": "00:12:51", "end": "00:12:55", "text": "to green. This is a big momentum shift"}, {"start": "00:12:53", "end": "00:12:56", "text": "that could potentially happen sometime"}, {"start": "00:12:55", "end": "00:12:59", "text": "later summer and I think that could be a"}, {"start": "00:12:56", "end": "00:13:01", "text": "potentially really good buy for ETH and"}, {"start": "00:12:59", "end": "00:13:04", "text": "uh Bitmine."}, {"start": "00:13:01", "end": "00:13:06", "text": "All right. So, Evan, when did you become"}, {"start": "00:13:04", "end": "00:13:09", "text": "so bearish on ETH? Because you've been"}, {"start": "00:13:06", "end": "00:13:11", "text": "bullish on ETH almost the entire year."}, {"start": "00:13:09", "end": "00:13:13", "text": "Did Did you just flip the Did was it"}, {"start": "00:13:11", "end": "00:13:14", "text": "David Hoffman that did it for you? Was"}, {"start": "00:13:13", "end": "00:13:16", "text": "it the bank?"}, {"start": "00:13:14", "end": "00:13:17", "text": ">> The main thing Yeah, I mean it's a great"}, {"start": "00:13:16", "end": "00:13:20", "text": "question, Paul. The main thing is just"}, {"start": "00:13:17", "end": "00:13:22", "text": "losing momentum here. So, I mean, I I"}, {"start": "00:13:20", "end": "00:13:24", "text": "just I'm a more of a moment just losing"}, {"start": "00:13:22", "end": "00:13:27", "text": "this low. I was bullish and I got into"}, {"start": "00:13:24", "end": "00:13:28", "text": "ETH over here and we went up and then we"}, {"start": "00:13:27", "end": "00:13:29", "text": "went back down. and I kind of roundt"}, {"start": "00:13:28", "end": "00:13:31", "text": "tripped it and I got out at these areas"}, {"start": "00:13:29", "end": "00:13:33", "text": "kind of at the break even point against"}, {"start": "00:13:31", "end": "00:13:34", "text": "my Bitcoin holdings. So, I just don't"}, {"start": "00:13:33", "end": "00:13:35", "text": "want to hold, you know what I mean? I"}, {"start": "00:13:34", "end": "00:13:37", "text": "don't want to hold it if it's just going"}, {"start": "00:13:35", "end": "00:13:40", "text": "to keep bleeding, you know, against"}, {"start": "00:13:37", "end": "00:13:42", "text": "Bitcoin. But, I'll gladly get back in if"}, {"start": "00:13:40", "end": "00:13:44", "text": "you rec claim these areas and show more"}, {"start": "00:13:42", "end": "00:13:46", "text": "momentum. You know, that's kind of my"}, {"start": "00:13:44", "end": "00:13:47", "text": "main strategy as a macro allocation"}, {"start": "00:13:46", "end": "00:13:49", "text": "swing trader."}, {"start": "00:13:47", "end": "00:13:52", "text": ">> Let's jump over to a big IPO coming up."}, {"start": "00:13:49", "end": "00:13:55", "text": "Uh SpaceX now targeting a valuation of"}, {"start": "00:13:52", "end": "00:13:57", "text": "1.8 trillion in its IPO according to"}, {"start": "00:13:55", "end": "00:13:59", "text": "people out there talking about this. So"}, {"start": "00:13:57", "end": "00:14:01", "text": "I maybe it hits it or not. What what"}, {"start": "00:13:59", "end": "00:14:03", "text": "amazed me was the fact that they did"}, {"start": "00:14:01", "end": "00:14:06", "text": "this right here. They waved the"}, {"start": "00:14:03", "end": "00:14:10", "text": "profitability rule uh for SpaceX to"}, {"start": "00:14:06", "end": "00:14:12", "text": "basically go for indices now uh to be"}, {"start": "00:14:10", "end": "00:14:14", "text": "able to go into ETFs, other funds out"}, {"start": "00:14:12", "end": "00:14:17", "text": "there. This is a big deal. This is a big"}, {"start": "00:14:14", "end": "00:14:20", "text": "deal. What what happens when SpaceX"}, {"start": "00:14:17", "end": "00:14:21", "text": "launches and we do see a runup on this?"}, {"start": "00:14:20", "end": "00:14:23", "text": "Would you invest in SpaceX right now?"}, {"start": "00:14:21", "end": "00:14:25", "text": "the way it's looking."}, {"start": "00:14:23", "end": "00:14:27", "text": ">> You know, the the thing with a lot of"}, {"start": "00:14:25", "end": "00:14:28", "text": "these IPOs is they're fun in the"}, {"start": "00:14:27", "end": "00:14:30", "text": "beginning because you always get a runup"}, {"start": "00:14:28", "end": "00:14:32", "text": "when it first kind of goes public. So,"}, {"start": "00:14:30", "end": "00:14:33", "text": "yeah, usually you can get a little runup"}, {"start": "00:14:32", "end": "00:14:34", "text": "and then a lot of the people that have"}, {"start": "00:14:33", "end": "00:14:36", "text": "been holding, you know, accredit"}, {"start": "00:14:34", "end": "00:14:37", "text": "investors that have been holding for"}, {"start": "00:14:36", "end": "00:14:38", "text": "many years, they dump it. This is I'm"}, {"start": "00:14:37", "end": "00:14:39", "text": "not saying this is going to happen, but"}, {"start": "00:14:38", "end": "00:14:42", "text": "a lot of times you see this happen, then"}, {"start": "00:14:39", "end": "00:14:44", "text": "you see like a 6 to 12 month bare"}, {"start": "00:14:42", "end": "00:14:46", "text": "market, 6 to 8month bare market. So, I"}, {"start": "00:14:44", "end": "00:14:47", "text": "think if I had to guess, again, this is"}, {"start": "00:14:46", "end": "00:14:50", "text": "just speculation. If I had to guess, the"}, {"start": "00:14:47", "end": "00:14:52", "text": "real good time to buy SpaceX will"}, {"start": "00:14:50", "end": "00:14:53", "text": "probably be early next year, later this"}, {"start": "00:14:52", "end": "00:14:56", "text": "year. That's where I think would be a"}, {"start": "00:14:53", "end": "00:14:57", "text": "gold past the IPO entry."}, {"start": "00:14:56", "end": "00:15:01", "text": ">> Uh let's go to a clip real quick cuz"}, {"start": "00:14:57", "end": "00:15:03", "text": "this is talking about how this pump for"}, {"start": "00:15:01", "end": "00:15:05", "text": "SpaceX might be deliberate. Take a look."}, {"start": "00:15:03", "end": "00:15:07", "text": ">> The interesting nuance with regards to"}, {"start": "00:15:05", "end": "00:15:09", "text": "SpaceX is not that it's going to sell"}, {"start": "00:15:07", "end": "00:15:11", "text": "off post IPO if we are expecting that as"}, {"start": "00:15:09", "end": "00:15:12", "text": "our base case. It's the fact that"}, {"start": "00:15:11", "end": "00:15:14", "text": "Tesla's SpaceX merger is starting to"}, {"start": "00:15:12", "end": "00:15:15", "text": "become priced in because of the"}, {"start": "00:15:14", "end": "00:15:17", "text": "ownership stake. And I know Elon's"}, {"start": "00:15:15", "end": "00:15:19", "text": "targets of wanting to have over 20 to"}, {"start": "00:15:17", "end": "00:15:20", "text": "25% ownership in Tesla to be able to"}, {"start": "00:15:19", "end": "00:15:22", "text": "influence the direction that the company"}, {"start": "00:15:20", "end": "00:15:24", "text": "goes. I think he controls like 80% of"}, {"start": "00:15:22", "end": "00:15:26", "text": "the voting power in SpaceX. The pumping"}, {"start": "00:15:24", "end": "00:15:27", "text": "of SpaceX, the $2 trillion valuation, I"}, {"start": "00:15:26", "end": "00:15:29", "text": "think is deliberate so that they can"}, {"start": "00:15:27", "end": "00:15:31", "text": "have leverage to do the merger of"}, {"start": "00:15:29", "end": "00:15:32", "text": "equals. At this point, SpaceX is even"}, {"start": "00:15:31", "end": "00:15:34", "text": "bigger than Tesla, which would thereby"}, {"start": "00:15:32", "end": "00:15:37", "text": "give Elon even more control. Otherwise,"}, {"start": "00:15:34", "end": "00:15:39", "text": "Elon will try to rush through as quickly"}, {"start": "00:15:37", "end": "00:15:41", "text": "as possible after IPO so as to"}, {"start": "00:15:39", "end": "00:15:43", "text": "capitalize on that momentum because if"}, {"start": "00:15:41", "end": "00:15:46", "text": "you have a big fade out of the stock, he"}, {"start": "00:15:43", "end": "00:15:48", "text": "loses some of that leverage. And so, it"}, {"start": "00:15:46", "end": "00:15:50", "text": "behooves him to be as quick as possible"}, {"start": "00:15:48", "end": "00:15:52", "text": "so that SpaceX maintains a higher market"}, {"start": "00:15:50", "end": "00:15:54", "text": "cap than Tesla, maintains the"}, {"start": "00:15:52", "end": "00:15:55", "text": "negotiating leverage there, and"}, {"start": "00:15:54", "end": "00:15:57", "text": "ultimately Elon will have more control"}, {"start": "00:15:55", "end": "00:15:59", "text": "when they do merge. So, I think it's"}, {"start": "00:15:57", "end": "00:16:01", "text": "going to be IPO immediately leading into"}, {"start": "00:15:59", "end": "00:16:04", "text": "merger conversations or rumors shortly"}, {"start": "00:16:01", "end": "00:16:05", "text": "thereafter, days, not months."}, {"start": "00:16:04", "end": "00:16:08", "text": "I'm in agreement. I think they will"}, {"start": "00:16:05", "end": "00:16:10", "text": "merge. Um I don't know if it'll be that"}, {"start": "00:16:08", "end": "00:16:12", "text": "fast, but if it is, I mean, that would"}, {"start": "00:16:10", "end": "00:16:15", "text": "be wow. Would you be owning Tesla right"}, {"start": "00:16:12", "end": "00:16:17", "text": "now in that kind of condition?"}, {"start": "00:16:15", "end": "00:16:18", "text": ">> Yeah, you know, Tesla's interesting and"}, {"start": "00:16:17", "end": "00:16:20", "text": "I think it could be somewhat attractive."}, {"start": "00:16:18", "end": "00:16:22", "text": "Um the first thing I'll say about this"}, {"start": "00:16:20", "end": "00:16:23", "text": "is I mean, inevitably this is going to"}, {"start": "00:16:22", "end": "00:16:25", "text": "hit 600 and then probably eventually"}, {"start": "00:16:23", "end": "00:16:26", "text": "900, you know, by the end of this"}, {"start": "00:16:25", "end": "00:16:28", "text": "decade. You know, if you can hold this,"}, {"start": "00:16:26", "end": "00:16:30", "text": "you'll get a good return. I think that's"}, {"start": "00:16:28", "end": "00:16:32", "text": "highly highly likely. You'll eventually"}, {"start": "00:16:30", "end": "00:16:34", "text": "break upward. I mean shortterm, sure you"}, {"start": "00:16:32", "end": "00:16:36", "text": "could dillydally around, maybe come back"}, {"start": "00:16:34", "end": "00:16:38", "text": "to, you know, 390 or something. It's"}, {"start": "00:16:36", "end": "00:16:39", "text": "hard to say, but Tesla versus because,"}, {"start": "00:16:38", "end": "00:16:40", "text": "you know, obviously if you're buying"}, {"start": "00:16:39", "end": "00:16:43", "text": "Tesla, you want to outperform the"}, {"start": "00:16:40", "end": "00:16:45", "text": "NASDAQ. This has been lackluster against"}, {"start": "00:16:43", "end": "00:16:48", "text": "the NASDAQ for, you know, a while now,"}, {"start": "00:16:45", "end": "00:16:50", "text": "really since, you know, 2020, 2021 here."}, {"start": "00:16:48", "end": "00:16:52", "text": "I think you're hitting a pretty decent"}, {"start": "00:16:50", "end": "00:16:54", "text": "area at this point. Um, and I think you"}, {"start": "00:16:52", "end": "00:16:57", "text": "might see a jump against your NASDAQ"}, {"start": "00:16:54", "end": "00:16:58", "text": "right now. So, I think Tesla's Tesla is"}, {"start": "00:16:57", "end": "00:17:00", "text": "an attractive buy as long as you kind of"}, {"start": "00:16:58", "end": "00:17:03", "text": "hold, you know, these lows against the"}, {"start": "00:17:00", "end": "00:17:04", "text": "NASDAQ from April of this year. So, I"}, {"start": "00:17:03", "end": "00:17:07", "text": "like Tesla. Yeah."}, {"start": "00:17:04", "end": "00:17:09", "text": ">> Okay. There you go. Liking Tesla. What"}, {"start": "00:17:07", "end": "00:17:12", "text": "would you say probability of the merger"}, {"start": "00:17:09", "end": "00:17:14", "text": "would be? Are you are you as confident"}, {"start": "00:17:12", "end": "00:17:17", "text": "as I am or are you more on the"}, {"start": "00:17:14", "end": "00:17:19", "text": ">> Yeah, I mean it it probably Yeah. I mean"}, {"start": "00:17:17", "end": "00:17:21", "text": "70 80, you know, it's hard to say, but"}, {"start": "00:17:19", "end": "00:17:22", "text": "yeah, I think what you said makes sense."}, {"start": "00:17:21", "end": "00:17:22", "text": "It'll probably merge. Yeah."}, {"start": "00:17:22", "end": "00:17:26", "text": ">> Yeah."}, {"start": "00:17:22", "end": "00:17:28", "text": ">> Yeah. Uh Sailor tweets out uh CFTC"}, {"start": "00:17:26", "end": "00:17:30", "text": "guidance advances the Bitcoin capital"}, {"start": "00:17:28", "end": "00:17:33", "text": "markets. This is talking about their 247"}, {"start": "00:17:30", "end": "00:17:35", "text": "uh Bitcoin collateral on per futures."}, {"start": "00:17:33", "end": "00:17:40", "text": "This changes the game maybe for micro"}, {"start": "00:17:35", "end": "00:17:42", "text": "strategy strategy in general. Would you"}, {"start": "00:17:40", "end": "00:17:44", "text": "what about strategy right now Evan? Is"}, {"start": "00:17:42", "end": "00:17:45", "text": "this still an investment play that you"}, {"start": "00:17:44", "end": "00:17:47", "text": "would go with or are you looking for an"}, {"start": "00:17:45", "end": "00:17:50", "text": "entry on strategy?"}, {"start": "00:17:47", "end": "00:17:52", "text": "I think strategy is pretty attractive"}, {"start": "00:17:50", "end": "00:17:54", "text": "right now at these prices at around 150"}, {"start": "00:17:52", "end": "00:17:56", "text": "is pretty attractive. You you definitely"}, {"start": "00:17:54", "end": "00:17:58", "text": "could come back down. Like if I had to"}, {"start": "00:17:56", "end": "00:18:00", "text": "guess here, I would probably tell you"}, {"start": "00:17:58", "end": "00:18:01", "text": "that we'd come back down to like 120"}, {"start": "00:18:00", "end": "00:18:03", "text": "something, but I still think it's a"}, {"start": "00:18:01", "end": "00:18:04", "text": "pretty attractive buy, you know, right"}, {"start": "00:18:03", "end": "00:18:06", "text": "around 150. Your momentum's coming up,"}, {"start": "00:18:04", "end": "00:18:08", "text": "your money flow momentum's coming up on"}, {"start": "00:18:06", "end": "00:18:09", "text": "your 2-day right here. It could be a"}, {"start": "00:18:08", "end": "00:18:10", "text": "little premature. Maybe wait a month."}, {"start": "00:18:09", "end": "00:18:13", "text": "That would probably be a really good"}, {"start": "00:18:10", "end": "00:18:14", "text": "entry if I had to guess here. Strategy,"}, {"start": "00:18:13", "end": "00:18:15", "text": "I mean, the number one thing we're"}, {"start": "00:18:14", "end": "00:18:17", "text": "trying to do with strategy is obviously"}, {"start": "00:18:15", "end": "00:18:19", "text": "outperform Bitcoin. If you look at"}, {"start": "00:18:17", "end": "00:18:21", "text": "strategy versus Bitcoin, I think if I"}, {"start": "00:18:19", "end": "00:18:23", "text": "had to, you know, make an estimate here,"}, {"start": "00:18:21", "end": "00:18:25", "text": "I think the the the bottom for strategy"}, {"start": "00:18:23", "end": "00:18:27", "text": "versus Bitcoin was February. Maybe in"}, {"start": "00:18:25", "end": "00:18:29", "text": "the next month you come back down to"}, {"start": "00:18:27", "end": "00:18:31", "text": "somewhere over here, but I think you're"}, {"start": "00:18:29", "end": "00:18:33", "text": "going to generally make higher lows on"}, {"start": "00:18:31", "end": "00:18:36", "text": "this chart as you did, you know, all the"}, {"start": "00:18:33", "end": "00:18:38", "text": "way from 2022 to 2024. So, I think you"}, {"start": "00:18:36", "end": "00:18:40", "text": "got at least a year to two years of, you"}, {"start": "00:18:38", "end": "00:18:41", "text": "know, probably two years of strategy"}, {"start": "00:18:40", "end": "00:18:42", "text": "upperforming Bitcoin. So, yeah, I think"}, {"start": "00:18:41", "end": "00:18:44", "text": "it's a good buy."}, {"start": "00:18:42", "end": "00:18:47", "text": ">> All right, there you go. long-term hold"}, {"start": "00:18:44", "end": "00:18:50", "text": "on strategy for that one. Hyperlid has"}, {"start": "00:18:47", "end": "00:18:52", "text": "been absolutely stellar on the charts."}, {"start": "00:18:50", "end": "00:18:54", "text": "Uh there's some reasons now. We saw"}, {"start": "00:18:52", "end": "00:18:56", "text": "another pump on Hyperlid the and for"}, {"start": "00:18:54", "end": "00:18:58", "text": "this reason right here, the CFTC's"}, {"start": "00:18:56", "end": "00:19:01", "text": "actions, approval of the first US listed"}, {"start": "00:18:58", "end": "00:19:04", "text": "per derivative contract. So this of"}, {"start": "00:19:01", "end": "00:19:07", "text": "course was clarified and now we have"}, {"start": "00:19:04", "end": "00:19:09", "text": "Hyperlid actually showing it on the"}, {"start": "00:19:07", "end": "00:19:12", "text": "chart itself. when you consider hyperlid"}, {"start": "00:19:09", "end": "00:19:14", "text": "right now and where it is today. I want"}, {"start": "00:19:12", "end": "00:19:16", "text": "to go to the chart real quick because"}, {"start": "00:19:14", "end": "00:19:18", "text": "I'm going to show the gauian uh trail on"}, {"start": "00:19:16", "end": "00:19:20", "text": "this that to kind of show you this is"}, {"start": "00:19:18", "end": "00:19:22", "text": "the only pretty much the only chart that"}, {"start": "00:19:20", "end": "00:19:24", "text": "has been in the green. If you look at"}, {"start": "00:19:22", "end": "00:19:28", "text": "let's just go down through them. If you"}, {"start": "00:19:24", "end": "00:19:33", "text": "look at Bitcoin not performing obviously"}, {"start": "00:19:28", "end": "00:19:36", "text": "ETH same situation Salana XRP"}, {"start": "00:19:33", "end": "00:19:37", "text": "even Avalanche going into uh what we're"}, {"start": "00:19:36", "end": "00:19:39", "text": "talking about here in terms of"}, {"start": "00:19:37", "end": "00:19:41", "text": "performance"}, {"start": "00:19:39", "end": "00:19:44", "text": "hype how long before this thing turns"}, {"start": "00:19:41", "end": "00:19:47", "text": "around or do you think this continues to"}, {"start": "00:19:44", "end": "00:19:50", "text": "track up? I mean after you know kind of"}, {"start": "00:19:47", "end": "00:19:54", "text": "really going into the stratosphere at"}, {"start": "00:19:50", "end": "00:19:55", "text": "around $66 right now. Yeah, there's, you"}, {"start": "00:19:54", "end": "00:19:56", "text": "know, there's always this saying, I'm"}, {"start": "00:19:55", "end": "00:19:58", "text": "sure you've heard, Paul, there's always"}, {"start": "00:19:56", "end": "00:19:59", "text": "a bull market somewhere. This has been"}, {"start": "00:19:58", "end": "00:20:01", "text": "the the bull market as as Bitcoin has"}, {"start": "00:19:59", "end": "00:20:03", "text": "gone down. I mean, it's breaking upward."}, {"start": "00:20:01", "end": "00:20:05", "text": "Your your next major target is $80. I'm"}, {"start": "00:20:03", "end": "00:20:08", "text": "not seeing any major reason to believe"}, {"start": "00:20:05", "end": "00:20:10", "text": "it's going to, you know, dump down, you"}, {"start": "00:20:08", "end": "00:20:11", "text": "know, anytime soon. So, if I had to, you"}, {"start": "00:20:10", "end": "00:20:13", "text": "know, if I had to make an estimation"}, {"start": "00:20:11", "end": "00:20:16", "text": "here, probably 80 bucks does look"}, {"start": "00:20:13", "end": "00:20:18", "text": "likely. Um, you know, I do think if"}, {"start": "00:20:16", "end": "00:20:20", "text": "Bitcoin really tanks and loses 70k soon,"}, {"start": "00:20:18", "end": "00:20:22", "text": "you know, this probably would go down,"}, {"start": "00:20:20", "end": "00:20:25", "text": "too. But as of right now, it seems like"}, {"start": "00:20:22", "end": "00:20:26", "text": "you're probably going to hold 58 57 and"}, {"start": "00:20:25", "end": "00:20:30", "text": "break upward to 80. I would get more"}, {"start": "00:20:26", "end": "00:20:31", "text": "bearish if you I would say lost 56, but"}, {"start": "00:20:30", "end": "00:20:34", "text": "you know, right now your momentum's"}, {"start": "00:20:31", "end": "00:20:35", "text": "still there. I don't think there's a"}, {"start": "00:20:34", "end": "00:20:37", "text": "reason to believe this is going to"}, {"start": "00:20:35", "end": "00:20:39", "text": "correct just yet. You're probably going"}, {"start": "00:20:37", "end": "00:20:41", "text": "you're probably going 80. So, yeah."}, {"start": "00:20:39", "end": "00:20:43", "text": ">> Well, and you have to remember this has"}, {"start": "00:20:41", "end": "00:20:46", "text": "been uh really marketed heavily by"}, {"start": "00:20:43", "end": "00:20:48", "text": "Bitwise. Bitwise has uh talked about it."}, {"start": "00:20:46", "end": "00:20:50", "text": "We've talked about it with Matt before."}, {"start": "00:20:48", "end": "00:20:52", "text": "They're out there doing a full podcast"}, {"start": "00:20:50", "end": "00:20:55", "text": "blitz right now on it. So, it's getting"}, {"start": "00:20:52", "end": "00:20:56", "text": "more exposure to in institutional and"}, {"start": "00:20:55", "end": "00:20:59", "text": "then you have all these news drops and"}, {"start": "00:20:56", "end": "00:21:00", "text": "of course per is, you know, absolutely"}, {"start": "00:20:59", "end": "00:21:03", "text": "exploding. The real question is does"}, {"start": "00:21:00", "end": "00:21:07", "text": "Salana get into a position where they"}, {"start": "00:21:03", "end": "00:21:08", "text": "can compete on perpetuals? That'll be"}, {"start": "00:21:07", "end": "00:21:09", "text": "the question right there. And if you"}, {"start": "00:21:08", "end": "00:21:10", "text": "just look at the hype data right there,"}, {"start": "00:21:09", "end": "00:21:14", "text": "it's the only one that's starting to"}, {"start": "00:21:10", "end": "00:21:15", "text": "perform right there uh right now. That's"}, {"start": "00:21:14", "end": "00:21:18", "text": "crazy. Wow."}, {"start": "00:21:15", "end": "00:21:20", "text": ">> Yeah. Yeah. It's nuts right now. When"}, {"start": "00:21:18", "end": "00:21:24", "text": "you look at Salana though, I want to go"}, {"start": "00:21:20", "end": "00:21:27", "text": "in on Salana. And when you look at the"}, {"start": "00:21:24", "end": "00:21:29", "text": "Salana chart and you think about all of"}, {"start": "00:21:27", "end": "00:21:31", "text": "the things that are happening with Soul"}, {"start": "00:21:29", "end": "00:21:34", "text": "right now in terms of perpetuals"}, {"start": "00:21:31", "end": "00:21:37", "text": "especially, where would you put Salana"}, {"start": "00:21:34", "end": "00:21:39", "text": "at the end of the year right now?"}, {"start": "00:21:37", "end": "00:21:41", "text": ">> Oh man, that's a great question. I mean,"}, {"start": "00:21:39", "end": "00:21:43", "text": "I think that Salana, let's map this out."}, {"start": "00:21:41", "end": "00:21:45", "text": "So I think there's you know Salana is"}, {"start": "00:21:43", "end": "00:21:46", "text": "probably going to come back to 76 you"}, {"start": "00:21:45", "end": "00:21:48", "text": "know in the next month two months I"}, {"start": "00:21:46", "end": "00:21:50", "text": "would guess there's a possibility could"}, {"start": "00:21:48", "end": "00:21:52", "text": "hold here sure or maybe even scare a lot"}, {"start": "00:21:50", "end": "00:21:54", "text": "of people away 74 but end of year I"}, {"start": "00:21:52", "end": "00:21:56", "text": "think there's a good shot you know you"}, {"start": "00:21:54", "end": "00:21:58", "text": "come down in June July correct a bit end"}, {"start": "00:21:56", "end": "00:22:01", "text": "of year I do think you know September"}, {"start": "00:21:58", "end": "00:22:02", "text": "October 90 bucks I would hope for maybe"}, {"start": "00:22:01", "end": "00:22:04", "text": "even 100"}, {"start": "00:22:02", "end": "00:22:06", "text": ">> pulling it back up okay"}, {"start": "00:22:04", "end": "00:22:08", "text": ">> um yeah I think you know I it could"}, {"start": "00:22:06", "end": "00:22:09", "text": "break upward I mean it's hard to say"}, {"start": "00:22:08", "end": "00:22:11", "text": "that you could if Bitcoin goes up to"}, {"start": "00:22:09", "end": "00:22:14", "text": "like 90k which I think it I could see"}, {"start": "00:22:11", "end": "00:22:15", "text": "110, you know, some area like that, you"}, {"start": "00:22:14", "end": "00:22:17", "text": "know, end of year. So,"}, {"start": "00:22:15", "end": "00:22:19", "text": ">> all right. Even with this news, I mean,"}, {"start": "00:22:17", "end": "00:22:21", "text": "you've got Kowi launching per futures"}, {"start": "00:22:19", "end": "00:22:24", "text": "now in the US. Uh, this is, of course,"}, {"start": "00:22:21", "end": "00:22:25", "text": "all going to be tied into Salana. This"}, {"start": "00:22:24", "end": "00:22:27", "text": "is big, don't you think?"}, {"start": "00:22:25", "end": "00:22:29", "text": ">> It it could go higher. Yeah. Yeah. I"}, {"start": "00:22:27", "end": "00:22:31", "text": "mean, it it could go well it, you know,"}, {"start": "00:22:29", "end": "00:22:32", "text": "I mean, your technical target, you know,"}, {"start": "00:22:31", "end": "00:22:34", "text": "from a technical perspective, you would"}, {"start": "00:22:32", "end": "00:22:36", "text": "have your technical target by end of"}, {"start": "00:22:34", "end": "00:22:37", "text": "year would be okay. 120. Yeah. I mean,"}, {"start": "00:22:36", "end": "00:22:39", "text": "you know, looking at this some more 120,"}, {"start": "00:22:37", "end": "00:22:41", "text": "I would say. I don't know about much"}, {"start": "00:22:39", "end": "00:22:44", "text": "higher. or how far back does that go in"}, {"start": "00:22:41", "end": "00:22:46", "text": "terms of that uh selloff that happened"}, {"start": "00:22:44", "end": "00:22:48", "text": "with Salana back in"}, {"start": "00:22:46", "end": "00:22:50", "text": ">> the selloff? Oh, from from here from FE."}, {"start": "00:22:48", "end": "00:22:52", "text": "Yeah, that's 67. So, it'd be a double"}, {"start": "00:22:50", "end": "00:22:53", "text": "from there, you know, somewhere"}, {"start": "00:22:52", "end": "00:22:55", "text": "something like that."}, {"start": "00:22:53", "end": "00:22:57", "text": ">> You do have a trend line. I mean, yeah,"}, {"start": "00:22:55", "end": "00:22:59", "text": "I it could go higher, man. I mean, it's"}, {"start": "00:22:57", "end": "00:23:00", "text": "tough to say. I mean, 130, you know, if"}, {"start": "00:22:59", "end": "00:23:02", "text": "you're trading on fundamentals, it would"}, {"start": "00:23:00", "end": "00:23:03", "text": "give you higher numbers than technicals,"}, {"start": "00:23:02", "end": "00:23:04", "text": "I would say."}, {"start": "00:23:03", "end": "00:23:06", "text": ">> Yeah. Is there a window? Are you"}, {"start": "00:23:04", "end": "00:23:08", "text": "invested in Salana right now? Are you"}, {"start": "00:23:06", "end": "00:23:10", "text": "buying in? Not at the moment, but I'm"}, {"start": "00:23:08", "end": "00:23:11", "text": "I'm getting close because I want to, you"}, {"start": "00:23:10", "end": "00:23:13", "text": "know, I have Bitcoin and I want to"}, {"start": "00:23:11", "end": "00:23:15", "text": "really have a good reason to convert my"}, {"start": "00:23:13", "end": "00:23:17", "text": "Bitcoin over to Salana. And obviously,"}, {"start": "00:23:15", "end": "00:23:18", "text": "you know, I want to see a little bit"}, {"start": "00:23:17", "end": "00:23:20", "text": "more momentum here. Right now, it still"}, {"start": "00:23:18", "end": "00:23:22", "text": "keeps bleeding against Bitcoin. But if"}, {"start": "00:23:20", "end": "00:23:24", "text": "we can break above this area and show"}, {"start": "00:23:22", "end": "00:23:26", "text": "some more momentum against Bitcoin, you"}, {"start": "00:23:24", "end": "00:23:28", "text": "know, have things look a lot better on"}, {"start": "00:23:26", "end": "00:23:30", "text": "the weekly here, then I would I would"}, {"start": "00:23:28", "end": "00:23:32", "text": "definitely get pick up some salada. As"}, {"start": "00:23:30", "end": "00:23:35", "text": "of right now, I'm still waiting, but"}, {"start": "00:23:32", "end": "00:23:36", "text": "I'll get in. Don't worry."}, {"start": "00:23:35", "end": "00:23:38", "text": ">> I'll get in. Don't worry. All right,"}, {"start": "00:23:36", "end": "00:23:40", "text": "man. We're going to cover this and a lot"}, {"start": "00:23:38", "end": "00:23:43", "text": "more uh next week. We've got a line of"}, {"start": "00:23:40", "end": "00:23:45", "text": "new uh guests for you guys. So, be on"}, {"start": "00:23:43", "end": "00:23:46", "text": "the lookout. A lot of new topics that I"}, {"start": "00:23:45", "end": "00:23:47", "text": "think you're going to be interested in"}, {"start": "00:23:46", "end": "00:23:49", "text": "it. If you guys want to check out Evan"}, {"start": "00:23:47", "end": "00:23:52", "text": "Aldo's YouTube channel, you can do that"}, {"start": "00:23:49", "end": "00:23:55", "text": "just by searching Evan Aldo over there."}, {"start": "00:23:52", "end": "00:23:57", "text": "Uh doing are you still daily live or"}, {"start": "00:23:55", "end": "00:23:59", "text": "what's the the flow now of content?"}, {"start": "00:23:57", "end": "00:24:01", "text": ">> Most days are live. Try to go live"}, {"start": "00:23:59", "end": "00:24:03", "text": "around, you know, noon, midday. Get some"}, {"start": "00:24:01", "end": "00:24:05", "text": "viewers for the lives. Do pre-recorded"}, {"start": "00:24:03", "end": "00:24:07", "text": "videos a couple times a week as well."}, {"start": "00:24:05", "end": "00:24:08", "text": "market updates and then some vlogs here"}, {"start": "00:24:07", "end": "00:24:09", "text": "and there. So, it's a fun show."}, {"start": "00:24:08", "end": "00:24:11", "text": ">> I like it."}, {"start": "00:24:09", "end": "00:24:12", "text": ">> Evan, thanks so much for coming in"}, {"start": "00:24:11", "end": "00:24:14", "text": "today. We appreciate it."}, {"start": "00:24:12", "end": "00:24:17", "text": ">> Always an honor, Paul. Great talking to"}, {"start": "00:24:14", "end": "00:24:17", "text": "you."}, {"start": "00:24:20", "end": "00:24:24", "text": ">> If you like this video, hit like and"}, {"start": "00:24:22", "end": "00:24:27", "text": "subscribe. Drop a comment down below and"}, {"start": "00:24:24", "end": "00:24:31", "text": "also join our free private member group."}, {"start": "00:24:27", "end": "00:24:31", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "JP Morgan and Ripple are going on a"}, {"start": "00:00:03", "end": "00:00:05", "text": "buying spree today. We're going to break"}, {"start": "00:00:04", "end": "00:00:07", "text": "it all down for you because there is"}, {"start": "00:00:05", "end": "00:00:10", "text": "some acquisitions that could be brewing"}, {"start": "00:00:07", "end": "00:00:12", "text": "to affect the entire market. And uh"}, {"start": "00:00:10", "end": "00:00:13", "text": "let's just get started. Before we get"}, {"start": "00:00:12", "end": "00:00:16", "text": "into it, I do want to thank our sponsor"}, {"start": "00:00:13", "end": "00:00:19", "text": "and this is a special offer for you"}, {"start": "00:00:16", "end": "00:00:21", "text": "guys. OKX is running an exclusive"}, {"start": "00:00:19", "end": "00:00:24", "text": "affiliate offer where you can earn up to"}, {"start": "00:00:21", "end": "00:00:27", "text": "$500 in XRP rewards just by hitting a"}, {"start": "00:00:24", "end": "00:00:29", "text": "few simple milestones. Step one, tier"}, {"start": "00:00:27", "end": "00:00:33", "text": "one, you can complete the KYC. you get"}, {"start": "00:00:29", "end": "00:00:35", "text": "$10 in XRP. If you go to step two, which"}, {"start": "00:00:33", "end": "00:00:38", "text": "is $100 on a deposit, you get another"}, {"start": "00:00:35", "end": "00:00:41", "text": "40. Then you can bump that deposit and"}, {"start": "00:00:38", "end": "00:00:46", "text": "trade volume of just $1,000 and you grab"}, {"start": "00:00:41", "end": "00:00:47", "text": "an additional $100 in XRP. Best of all,"}, {"start": "00:00:46", "end": "00:00:50", "text": "for the heavy hitters out there, if you"}, {"start": "00:00:47", "end": "00:00:54", "text": "deposit and trade 10 grand, you can"}, {"start": "00:00:50", "end": "00:00:56", "text": "unlock a massive $350 XRP reward. This"}, {"start": "00:00:54", "end": "00:01:00", "text": "stacks onto all of this. So boom, you"}, {"start": "00:00:56", "end": "00:01:03", "text": "get up to $500 max earning and it's paid"}, {"start": "00:01:00", "end": "00:01:05", "text": "directly out in XRP. So click the link"}, {"start": "00:01:03", "end": "00:01:07", "text": "down below. You guys are not want to"}, {"start": "00:01:05", "end": "00:01:09", "text": "miss this one. It is an awesome one."}, {"start": "00:01:07", "end": "00:01:11", "text": "First, I want to lead off with a clip"}, {"start": "00:01:09", "end": "00:01:14", "text": "and this clip will break down a little"}, {"start": "00:01:11", "end": "00:01:15", "text": "bit of how much JP Morgan is willing to"}, {"start": "00:01:14", "end": "00:01:17", "text": "spend. Take a look."}, {"start": "00:01:15", "end": "00:01:18", "text": ">> I do think there might be in the next"}, {"start": "00:01:17", "end": "00:01:21", "text": "couple years a chance to put 10 or 20"}, {"start": "00:01:18", "end": "00:01:23", "text": "billion to work buying something. But"}, {"start": "00:01:21", "end": "00:01:25", "text": "also, I think just if you hear me, I"}, {"start": "00:01:23", "end": "00:01:26", "text": "think asset prices are high. So, you"}, {"start": "00:01:25", "end": "00:01:29", "text": "know, I'm not that fond of buying stock"}, {"start": "00:01:26", "end": "00:01:31", "text": "at these prices or companies and and"}, {"start": "00:01:29", "end": "00:01:32", "text": "we're quite patient with capital."}, {"start": "00:01:31", "end": "00:01:33", "text": ">> What else do they need to add on at this"}, {"start": "00:01:32", "end": "00:01:34", "text": "point,"}, {"start": "00:01:33", "end": "00:01:37", "text": ">> right? So, I would characterize three"}, {"start": "00:01:34", "end": "00:01:39", "text": "possibilities. Um, number one, probably"}, {"start": "00:01:37", "end": "00:01:41", "text": "something internationally. The second is"}, {"start": "00:01:39", "end": "00:01:43", "text": "probably payments where we have new"}, {"start": "00:01:41", "end": "00:01:46", "text": "payment rails, new technology, new"}, {"start": "00:01:43", "end": "00:01:47", "text": "competitors coming in trying to usurp. I"}, {"start": "00:01:46", "end": "00:01:49", "text": "think JP Morgan has an opportunity to"}, {"start": "00:01:47", "end": "00:01:51", "text": "bulk up their payments business. And"}, {"start": "00:01:49", "end": "00:01:52", "text": "third is probably on the asset"}, {"start": "00:01:51", "end": "00:01:54", "text": "management and wealth side where they"}, {"start": "00:01:52", "end": "00:01:55", "text": "they're already very strong but could be"}, {"start": "00:01:54", "end": "00:01:56", "text": "stronger as well."}, {"start": "00:01:55", "end": "00:01:57", "text": ">> Well, the markup is coming. I mean, what"}, {"start": "00:01:56", "end": "00:01:59", "text": "are you going to do about it?"}, {"start": "00:01:57", "end": "00:02:00", "text": ">> It is. We'll fight it. If we lose, we"}, {"start": "00:01:59", "end": "00:02:03", "text": "lose and we'll live. No, no one's going"}, {"start": "00:02:00", "end": "00:02:05", "text": "to bow down to this guy, okay? Or that"}, {"start": "00:02:03", "end": "00:02:06", "text": "company and but he's the only one and"}, {"start": "00:02:05", "end": "00:02:08", "text": "he's spending hundreds of millions of"}, {"start": "00:02:06", "end": "00:02:10", "text": "dollars in Washington this thing."}, {"start": "00:02:08", "end": "00:02:10", "text": ">> He said he's he's representing the whole"}, {"start": "00:02:10", "end": "00:02:12", "text": "ind."}, {"start": "00:02:10", "end": "00:02:15", "text": ">> He's full of"}, {"start": "00:02:12", "end": "00:02:18", "text": "Well, when you align payments, you also"}, {"start": "00:02:15", "end": "00:02:19", "text": "look at the amount of acquisition in"}, {"start": "00:02:18", "end": "00:02:22", "text": "terms of customers that they could get"}, {"start": "00:02:19", "end": "00:02:24", "text": "to. Coinbase could be on the the"}, {"start": "00:02:22", "end": "00:02:27", "text": "potential target list here. If you go"}, {"start": "00:02:24", "end": "00:02:29", "text": "back to 2023, it was around 8.7 billion."}, {"start": "00:02:27", "end": "00:02:31", "text": "You heard Diamond say there, right? Uh"}, {"start": "00:02:29", "end": "00:02:32", "text": "in the sense that he thought asset"}, {"start": "00:02:31", "end": "00:02:35", "text": "prices were high because current"}, {"start": "00:02:32", "end": "00:02:37", "text": "valuation right now is almost 50 billion"}, {"start": "00:02:35", "end": "00:02:39", "text": "in terms of Coinbase. So 20 billion"}, {"start": "00:02:37", "end": "00:02:42", "text": "would be a definite definite bargain. I"}, {"start": "00:02:39", "end": "00:02:44", "text": "guess the key here is if asset prices"}, {"start": "00:02:42", "end": "00:02:46", "text": "pull down, remember the S&P bumping"}, {"start": "00:02:44", "end": "00:02:49", "text": "all-time high, could see 8,000 even this"}, {"start": "00:02:46", "end": "00:02:52", "text": "year. So, there's still a lot of runway"}, {"start": "00:02:49", "end": "00:02:54", "text": "here before we see it going further into"}, {"start": "00:02:52", "end": "00:02:56", "text": "if you look at the market cap uh history"}, {"start": "00:02:54", "end": "00:02:58", "text": "here of Circle, who could be another"}, {"start": "00:02:56", "end": "00:03:01", "text": "potential. Let's go back into February"}, {"start": "00:02:58", "end": "00:03:03", "text": "of 26 is around 14 billion. Granted,"}, {"start": "00:03:01", "end": "00:03:06", "text": "it's up now, but around 30 billion. But"}, {"start": "00:03:03", "end": "00:03:09", "text": "again, these could be overvalued if you"}, {"start": "00:03:06", "end": "00:03:11", "text": "went in and just purchased Circle. It'd"}, {"start": "00:03:09", "end": "00:03:13", "text": "almost be in a situation where you start"}, {"start": "00:03:11", "end": "00:03:15", "text": "to uh cause a lot of pain around"}, {"start": "00:03:13", "end": "00:03:18", "text": "Coinbase. So, this gets into the"}, {"start": "00:03:15", "end": "00:03:20", "text": "evolution of long-term and what JP"}, {"start": "00:03:18", "end": "00:03:22", "text": "Morgan could potentially be setting up"}, {"start": "00:03:20", "end": "00:03:24", "text": "for an investment community. And of"}, {"start": "00:03:22", "end": "00:03:26", "text": "course, Coinbase has a big one. All of"}, {"start": "00:03:24", "end": "00:03:28", "text": "this lining up. And if you look at other"}, {"start": "00:03:26", "end": "00:03:32", "text": "things that play into this, let's not"}, {"start": "00:03:28", "end": "00:03:34", "text": "forget that circle was also talking to"}, {"start": "00:03:32", "end": "00:03:37", "text": "Ripple went from to offer 10 billion or"}, {"start": "00:03:34", "end": "00:03:39", "text": "even 20 billion. Uh and that is the real"}, {"start": "00:03:37", "end": "00:03:41", "text": "question here. Could this be another"}, {"start": "00:03:39", "end": "00:03:43", "text": "target for even Ripple? Ripple has of"}, {"start": "00:03:41", "end": "00:03:46", "text": "course I think maybe some better options"}, {"start": "00:03:43", "end": "00:03:47", "text": "here going forward and timing is right"}, {"start": "00:03:46", "end": "00:03:49", "text": "because when you have a market down like"}, {"start": "00:03:47", "end": "00:03:51", "text": "where we are right now, it could be one"}, {"start": "00:03:49", "end": "00:03:53", "text": "of those scenarios where there could be"}, {"start": "00:03:51", "end": "00:03:56", "text": "some really good values going forward."}, {"start": "00:03:53", "end": "00:03:58", "text": "Brad and Jamie Diamond have a little bit"}, {"start": "00:03:56", "end": "00:03:59", "text": "of beef. There's some, you know, there's"}, {"start": "00:03:58", "end": "00:04:02", "text": "some bad blood there. And if you look at"}, {"start": "00:03:59", "end": "00:04:04", "text": "Brad and what he said about JPcoin in"}, {"start": "00:04:02", "end": "00:04:06", "text": "the past, take a look at this clip."}, {"start": "00:04:04", "end": "00:04:08", "text": ">> I think it's great for the blockchain"}, {"start": "00:04:06", "end": "00:04:10", "text": "and crypto industry to have players like"}, {"start": "00:04:08", "end": "00:04:12", "text": "JPM leaning in. Thumbs up. That's great."}, {"start": "00:04:10", "end": "00:04:14", "text": "Uh, that's the only nice thing I would"}, {"start": "00:04:12", "end": "00:04:16", "text": "say about this."}, {"start": "00:04:14", "end": "00:04:17", "text": "So, is Morgan Stanley going to use a JPM"}, {"start": "00:04:16", "end": "00:04:19", "text": "coin? Probably not. You know, and so,"}, {"start": "00:04:17", "end": "00:04:21", "text": "well, is City going to use a JPM coin?"}, {"start": "00:04:19", "end": "00:04:22", "text": "Is BFA going to use a JPM coin? Is PNC?"}, {"start": "00:04:21", "end": "00:04:23", "text": "And the answer is no. Does that mean"}, {"start": "00:04:22", "end": "00:04:25", "text": "we're all going to have these different"}, {"start": "00:04:23", "end": "00:04:26", "text": "coins and does that mean like we're back"}, {"start": "00:04:25", "end": "00:04:27", "text": "to where we are where there's lack of"}, {"start": "00:04:26", "end": "00:04:29", "text": "interoperability? So like what I don't"}, {"start": "00:04:27", "end": "00:04:30", "text": "get it. One more quick thing on the"}, {"start": "00:04:29", "end": "00:04:32", "text": "JPMcoin. They announced for"}, {"start": "00:04:30", "end": "00:04:35", "text": "institutional customers if you give them"}, {"start": "00:04:32", "end": "00:04:38", "text": "a dollar and deposits they'll give you a"}, {"start": "00:04:35", "end": "00:04:40", "text": "JPM coin that you then can move within"}, {"start": "00:04:38", "end": "00:04:40", "text": "the JPM ledger. Wait a minute. Just use"}, {"start": "00:04:40", "end": "00:04:41", "text": "the dollar,"}, {"start": "00:04:40", "end": "00:04:43", "text": ">> RIGHT?"}, {"start": "00:04:41", "end": "00:04:45", "text": ">> WELL, I DON'T I REALLY don't understand"}, {"start": "00:04:43", "end": "00:04:47", "text": "if you're just moving within the JPM"}, {"start": "00:04:45", "end": "00:04:49", "text": "ledger and it has to be dollartodoll,"}, {"start": "00:04:47", "end": "00:04:51", "text": "you know, a onetoone backing. It"}, {"start": "00:04:49", "end": "00:04:52", "text": "honestly doesn't actually I don't"}, {"start": "00:04:51", "end": "00:04:54", "text": "understand what problem that solves."}, {"start": "00:04:52", "end": "00:04:55", "text": "Look, if it solves the problem of JPM"}, {"start": "00:04:54", "end": "00:04:57", "text": "being associated as they're leaning into"}, {"start": "00:04:55", "end": "00:04:58", "text": "crypto, yay."}, {"start": "00:04:57", "end": "00:04:59", "text": ">> That's all I got."}, {"start": "00:04:58", "end": "00:05:00", "text": ">> All right. Right."}, {"start": "00:04:59", "end": "00:05:02", "text": ">> Look, if this doesn't work out, you"}, {"start": "00:05:00", "end": "00:05:04", "text": "could be a comedian. So,"}, {"start": "00:05:02", "end": "00:05:06", "text": ">> I like a dagger to the heart there in"}, {"start": "00:05:04", "end": "00:05:08", "text": "terms of what this looks like. All"}, {"start": "00:05:06", "end": "00:05:09", "text": "right. So, remember that Ripple has"}, {"start": "00:05:08", "end": "00:05:11", "text": "recently been acquiring over these last"}, {"start": "00:05:09", "end": "00:05:14", "text": "18 months. Then they stopped. The key"}, {"start": "00:05:11", "end": "00:05:16", "text": "here is maybe and through this"}, {"start": "00:05:14", "end": "00:05:17", "text": "statement, I think they might restart."}, {"start": "00:05:16", "end": "00:05:18", "text": "It says this year will be more of an"}, {"start": "00:05:17", "end": "00:05:20", "text": "integration year. You shouldn't expect"}, {"start": "00:05:18", "end": "00:05:23", "text": "any other major major acquisitions in"}, {"start": "00:05:20", "end": "00:05:25", "text": "the near future. However, you should"}, {"start": "00:05:23", "end": "00:05:27", "text": "never say never. We may start looking at"}, {"start": "00:05:25", "end": "00:05:28", "text": "acquisitions more eagerly again in the"}, {"start": "00:05:27", "end": "00:05:31", "text": "second half of the year. So, this is"}, {"start": "00:05:28", "end": "00:05:33", "text": "coming up now. We are literally a couple"}, {"start": "00:05:31", "end": "00:05:35", "text": "of months away from the second half of"}, {"start": "00:05:33", "end": "00:05:37", "text": "the year. That of course puts some"}, {"start": "00:05:35", "end": "00:05:40", "text": "things into perspective because if"}, {"start": "00:05:37", "end": "00:05:41", "text": "Ripple is not interested in Coinbase,"}, {"start": "00:05:40", "end": "00:05:44", "text": "and I think this clip will kind of"}, {"start": "00:05:41", "end": "00:05:46", "text": "explain why, then who would they be"}, {"start": "00:05:44", "end": "00:05:47", "text": "interested in? Take a look. You know,"}, {"start": "00:05:46", "end": "00:05:51", "text": "part of what Brian Armstrong said"}, {"start": "00:05:47", "end": "00:05:53", "text": "publicly was about how AI uh is a factor"}, {"start": "00:05:51", "end": "00:05:55", "text": "in those layoffs. For Ripple, we're not"}, {"start": "00:05:53", "end": "00:05:57", "text": "thinking about AI as a tool to reduce"}, {"start": "00:05:55", "end": "00:05:59", "text": "headcount. We're thinking about it as an"}, {"start": "00:05:57", "end": "00:06:02", "text": "unlock and enabler to go after more"}, {"start": "00:05:59", "end": "00:06:04", "text": "products, more customers faster, not a"}, {"start": "00:06:02", "end": "00:06:06", "text": "hey, we can save money over here."}, {"start": "00:06:04", "end": "00:06:07", "text": ">> Well, it's not only Brian Armstrong who"}, {"start": "00:06:06", "end": "00:06:09", "text": "said that. I think we've heard that from"}, {"start": "00:06:07", "end": "00:06:10", "text": "a CEOs kind of pretty much across the"}, {"start": "00:06:09", "end": "00:06:12", "text": "board."}, {"start": "00:06:10", "end": "00:06:14", "text": ">> What's the cover story? And I think the"}, {"start": "00:06:12", "end": "00:06:17", "text": "companies that are hanging frankly maybe"}, {"start": "00:06:14", "end": "00:06:18", "text": "sometimes bad management on a hey this"}, {"start": "00:06:17", "end": "00:06:21", "text": "is because of AI I think it's"}, {"start": "00:06:18", "end": "00:06:24", "text": "unfortunate. AI is an unlock. Wow bad"}, {"start": "00:06:21", "end": "00:06:26", "text": "management. Okay. So again another"}, {"start": "00:06:24", "end": "00:06:29", "text": "strike in there. So if you consider a"}, {"start": "00:06:26", "end": "00:06:30", "text": "potential one that I would recommend is"}, {"start": "00:06:29", "end": "00:06:33", "text": "just go after Kraken right here. It"}, {"start": "00:06:30", "end": "00:06:35", "text": "files for an IPO 800 mil on a"}, {"start": "00:06:33", "end": "00:06:37", "text": "fundraising valuation setting at 20"}, {"start": "00:06:35", "end": "00:06:39", "text": "billion here which is in the price range"}, {"start": "00:06:37", "end": "00:06:41", "text": "of what has been tossed out there. And"}, {"start": "00:06:39", "end": "00:06:44", "text": "remember, value of course will play into"}, {"start": "00:06:41", "end": "00:06:46", "text": "this in a down market. The key here is,"}, {"start": "00:06:44", "end": "00:06:47", "text": "is there a good marriage in play because"}, {"start": "00:06:46", "end": "00:06:51", "text": "there's a lot of things that would be"}, {"start": "00:06:47", "end": "00:06:52", "text": "beneficial for Ripple and Kraken to"}, {"start": "00:06:51", "end": "00:06:55", "text": "create something like this. Here's the"}, {"start": "00:06:52", "end": "00:06:55", "text": "CEO of Kraken, breaking it down. Take a"}, {"start": "00:06:55", "end": "00:06:57", "text": "look."}, {"start": "00:06:55", "end": "00:06:59", "text": ">> Recently, we saw one of your"}, {"start": "00:06:57", "end": "00:07:01", "text": "competitors, Coinbase, lay off about"}, {"start": "00:06:59", "end": "00:07:02", "text": "14%, I think, of their employees, citing"}, {"start": "00:07:01", "end": "00:07:04", "text": "AI."}, {"start": "00:07:02", "end": "00:07:06", "text": ">> And so, so I think a lot of people are"}, {"start": "00:07:04", "end": "00:07:08", "text": "having the identity crisis. You can have"}, {"start": "00:07:06", "end": "00:07:10", "text": "AI still come up with crap. That goes"}, {"start": "00:07:08", "end": "00:07:11", "text": "for every function in the company."}, {"start": "00:07:10", "end": "00:07:13", "text": ">> I mean, we've also been lucky where we"}, {"start": "00:07:11", "end": "00:07:16", "text": "didn't raise a ton of capital over the"}, {"start": "00:07:13", "end": "00:07:17", "text": "last 15 years. We have the I'd say the"}, {"start": "00:07:16", "end": "00:07:18", "text": "added ability to think much more long"}, {"start": "00:07:17", "end": "00:07:21", "text": "term."}, {"start": "00:07:18", "end": "00:07:23", "text": ">> When you are driven by quarterly"}, {"start": "00:07:21", "end": "00:07:24", "text": "earnings headlines, you're going to use"}, {"start": "00:07:23", "end": "00:07:26", "text": "the word permissioned. You're going to"}, {"start": "00:07:24", "end": "00:07:29", "text": "use the word AI. You're going to use the"}, {"start": "00:07:26", "end": "00:07:30", "text": "word blockchain. Is it permissionless or"}, {"start": "00:07:29", "end": "00:07:32", "text": "is it permissioned?"}, {"start": "00:07:30", "end": "00:07:33", "text": ">> Let's say DTCC and all these initiatives"}, {"start": "00:07:32", "end": "00:07:34", "text": "that are happening in the United States,"}, {"start": "00:07:33", "end": "00:07:36", "text": "they have this perspective that let's"}, {"start": "00:07:34", "end": "00:07:38", "text": "create a utopian world where like you"}, {"start": "00:07:36", "end": "00:07:40", "text": "get access to everything. when the"}, {"start": "00:07:38", "end": "00:07:42", "text": "number one problem is a do I just have"}, {"start": "00:07:40", "end": "00:07:43", "text": "access to the asset. A lot of what we've"}, {"start": "00:07:42", "end": "00:07:44", "text": "structured is like how do you make a"}, {"start": "00:07:43", "end": "00:07:46", "text": "permissionless list? How do you get"}, {"start": "00:07:44", "end": "00:07:48", "text": "access to it? It's not just a Kraken"}, {"start": "00:07:46", "end": "00:07:49", "text": "thing. It's an Xbox platform. How does"}, {"start": "00:07:48", "end": "00:07:51", "text": "it get on Salana? How does it get on"}, {"start": "00:07:49", "end": "00:07:53", "text": "ETH? How does it get on every single"}, {"start": "00:07:51", "end": "00:07:55", "text": "ecosystem? You know, we just continue to"}, {"start": "00:07:53", "end": "00:07:57", "text": "reduce the cost um hopefully down to"}, {"start": "00:07:55", "end": "00:07:59", "text": "zero over time where you know 90 to 95"}, {"start": "00:07:57", "end": "00:08:01", "text": "or even 100% of the economics go to the"}, {"start": "00:07:59", "end": "00:08:02", "text": "partners and the customers themselves."}, {"start": "00:08:01", "end": "00:08:05", "text": "Um and that's what our goal has been. I"}, {"start": "00:08:02", "end": "00:08:07", "text": "think Arjgin uh kind of zeros in on that"}, {"start": "00:08:05", "end": "00:08:09", "text": "too because XOX is a good example of one"}, {"start": "00:08:07", "end": "00:08:11", "text": "of what would make this company a real"}, {"start": "00:08:09", "end": "00:08:13", "text": "value. If you just look at Xtocks right"}, {"start": "00:08:11", "end": "00:08:15", "text": "now, the distributed asset value and the"}, {"start": "00:08:13", "end": "00:08:18", "text": "fact that we're going to continue to see"}, {"start": "00:08:15", "end": "00:08:20", "text": "it exploding, this would be perfect for"}, {"start": "00:08:18", "end": "00:08:22", "text": "Ripple. This is something they need"}, {"start": "00:08:20", "end": "00:08:24", "text": "tokenized uh securities and of course"}, {"start": "00:08:22", "end": "00:08:27", "text": "this lines up all the way into when you"}, {"start": "00:08:24", "end": "00:08:29", "text": "break this down on X stocks. Look here"}, {"start": "00:08:27", "end": "00:08:32", "text": "even on base. So this is an opportunity"}, {"start": "00:08:29", "end": "00:08:35", "text": "for Ripple to really start to control"}, {"start": "00:08:32", "end": "00:08:37", "text": "this market that is huge for where the"}, {"start": "00:08:35", "end": "00:08:40", "text": "potential could be especially around an"}, {"start": "00:08:37", "end": "00:08:42", "text": "acquisition setup for Ripple. So another"}, {"start": "00:08:40", "end": "00:08:44", "text": "thing if you just look at the exposure"}, {"start": "00:08:42", "end": "00:08:47", "text": "that this would open up remember Xtox"}, {"start": "00:08:44", "end": "00:08:48", "text": "now is going to be literally all the way"}, {"start": "00:08:47", "end": "00:08:51", "text": "through Wall Street. So this is an"}, {"start": "00:08:48", "end": "00:08:54", "text": "opportunity in a big way. And let's not"}, {"start": "00:08:51", "end": "00:08:56", "text": "forget right now Kraken was the first"}, {"start": "00:08:54", "end": "00:08:58", "text": "cryptonative firm to get a Federal"}, {"start": "00:08:56", "end": "00:09:00", "text": "Reserve master account. This was the"}, {"start": "00:08:58", "end": "00:09:02", "text": "skinny account. That's an automatic slam"}, {"start": "00:09:00", "end": "00:09:05", "text": "dump. If they do this soon, that would"}, {"start": "00:09:02", "end": "00:09:07", "text": "give Ripple immediate access to a skinny"}, {"start": "00:09:05", "end": "00:09:09", "text": "account. This, of course, changes, I"}, {"start": "00:09:07", "end": "00:09:11", "text": "think, the trajec trajectory of where"}, {"start": "00:09:09", "end": "00:09:13", "text": "Ripple could be going, especially around"}, {"start": "00:09:11", "end": "00:09:16", "text": "tokenized securities, which is going to"}, {"start": "00:09:13", "end": "00:09:18", "text": "be huge and could put them head-to-head"}, {"start": "00:09:16", "end": "00:09:20", "text": "with places like JP Morgan, Black"}, {"start": "00:09:18", "end": "00:09:23", "text": "Rockck. I mean, you name them. Uh,"}, {"start": "00:09:20", "end": "00:09:25", "text": "Ripple could be in the same sentence as"}, {"start": "00:09:23", "end": "00:09:27", "text": "those. So, if we had to go out on a"}, {"start": "00:09:25", "end": "00:09:29", "text": "shopping spree and spend a little bit"}, {"start": "00:09:27", "end": "00:09:32", "text": "less, get a little bit more frugal,"}, {"start": "00:09:29", "end": "00:09:34", "text": "Paxos would be the one. Remember, Paxos"}, {"start": "00:09:32", "end": "00:09:36", "text": "right here, they got their this was"}, {"start": "00:09:34", "end": "00:09:39", "text": "brand new, receives a clearing agency"}, {"start": "00:09:36", "end": "00:09:41", "text": "registration from from the SEC. This is"}, {"start": "00:09:39", "end": "00:09:43", "text": "the first one that's out there. And if"}, {"start": "00:09:41", "end": "00:09:46", "text": "you consider right now, Paxos in terms"}, {"start": "00:09:43", "end": "00:09:50", "text": "of their valuation on the low end, let's"}, {"start": "00:09:46", "end": "00:09:51", "text": "say 2.5 billion, but right now valuation"}, {"start": "00:09:50", "end": "00:09:53", "text": "estimate around 3 billion. This would be"}, {"start": "00:09:51", "end": "00:09:55", "text": "a bargain for Ripple. And there's a"}, {"start": "00:09:53", "end": "00:09:57", "text": "couple of reasons why. Think about this"}, {"start": "00:09:55", "end": "00:09:59", "text": "right here. Look at where what they"}, {"start": "00:09:57", "end": "00:10:02", "text": "would grab in terms of just stable"}, {"start": "00:09:59", "end": "00:10:05", "text": "coins. This is PayPal USD. Paxos Gold is"}, {"start": "00:10:02", "end": "00:10:07", "text": "in there. You've got, of course, USDG."}, {"start": "00:10:05", "end": "00:10:09", "text": "That's Robin Hood right there. So, uh,"}, {"start": "00:10:07", "end": "00:10:10", "text": "and then you've got Binance USD. And"}, {"start": "00:10:09", "end": "00:10:12", "text": "then, of course, the Pax dollar. So,"}, {"start": "00:10:10", "end": "00:10:16", "text": "this would be a huge one. And let's not"}, {"start": "00:10:12", "end": "00:10:19", "text": "forget that Paxos is also known for"}, {"start": "00:10:16", "end": "00:10:22", "text": "commodities. Look at this. If you look"}, {"start": "00:10:19", "end": "00:10:24", "text": "at Paxos and Tether right now, that is"}, {"start": "00:10:22", "end": "00:10:26", "text": "almost neck and neck. Literally Paxos"}, {"start": "00:10:24", "end": "00:10:29", "text": "Gold and Tether Gold almost neck and"}, {"start": "00:10:26", "end": "00:10:31", "text": "neck and the valuation of gold alone in"}, {"start": "00:10:29", "end": "00:10:33", "text": "terms of their holdings lines up with a"}, {"start": "00:10:31", "end": "00:10:37", "text": "really good value. One last thing is"}, {"start": "00:10:33", "end": "00:10:40", "text": "when you consider the idea around the"}, {"start": "00:10:37", "end": "00:10:42", "text": "XRP community. Gold very centric"}, {"start": "00:10:40", "end": "00:10:43", "text": "oriented within the XRP community. It's"}, {"start": "00:10:42", "end": "00:10:45", "text": "probably one of the key assets that held"}, {"start": "00:10:43", "end": "00:10:48", "text": "outside that. So, is this the"}, {"start": "00:10:45", "end": "00:10:50", "text": "acquisition time for Ripple? Maybe it"}, {"start": "00:10:48", "end": "00:10:52", "text": "is. Is this the acquisition time for JP"}, {"start": "00:10:50", "end": "00:10:54", "text": "Morgan looking for a better deal because"}, {"start": "00:10:52", "end": "00:10:56", "text": "of asset prices being a little bit"}, {"start": "00:10:54", "end": "00:10:58", "text": "higher? Guys, I think we're going to see"}, {"start": "00:10:56", "end": "00:11:01", "text": "some fireworks. So, stay tuned for this"}, {"start": "00:10:58", "end": "00:11:01", "text": "one."}, {"start": "00:11:04", "end": "00:11:08", "text": "If you like this video, hit like and"}, {"start": "00:11:06", "end": "00:11:11", "text": "subscribe. Drop a comment down below and"}, {"start": "00:11:08", "end": "00:11:15", "text": "also join our free private member group."}, {"start": "00:11:11", "end": "00:11:15", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "All right, guys. Let's jump into whether"}, {"start": "00:00:01", "end": "00:00:05", "text": "or not this is the dip to buy. Crypto,"}, {"start": "00:00:04", "end": "00:00:06", "text": "of course, has been adjusting down."}, {"start": "00:00:05", "end": "00:00:09", "text": "We're going to break it all out for you,"}, {"start": "00:00:06", "end": "00:00:10", "text": "and it's going to be with a good guest"}, {"start": "00:00:09", "end": "00:00:12", "text": "today. Before we get into it, I do want"}, {"start": "00:00:10", "end": "00:00:16", "text": "to thank our sponsor. And this is a"}, {"start": "00:00:12", "end": "00:00:17", "text": "special offer for you guys. OKX is"}, {"start": "00:00:16", "end": "00:00:20", "text": "running an exclusive affiliate offer"}, {"start": "00:00:17", "end": "00:00:22", "text": "where you can earn up to $500 in XRP"}, {"start": "00:00:20", "end": "00:00:25", "text": "rewards just by hitting a few simple"}, {"start": "00:00:22", "end": "00:00:29", "text": "milestones. Step one, tier one, you can"}, {"start": "00:00:25", "end": "00:00:32", "text": "complete the KYC, you get $10 in XRP. If"}, {"start": "00:00:29", "end": "00:00:34", "text": "you go to step two, which is $100 on a"}, {"start": "00:00:32", "end": "00:00:36", "text": "deposit, you get another 40. Then you"}, {"start": "00:00:34", "end": "00:00:39", "text": "can bump that deposit and trade volume"}, {"start": "00:00:36", "end": "00:00:43", "text": "of just $1,000 and you grab an"}, {"start": "00:00:39", "end": "00:00:45", "text": "additional $100 in XRP. Best of all, for"}, {"start": "00:00:43", "end": "00:00:47", "text": "the heavy hitters out there, if you"}, {"start": "00:00:45", "end": "00:00:52", "text": "deposit and trade 10 grand, you can"}, {"start": "00:00:47", "end": "00:00:54", "text": "unlock a massive $350 XRP reward. This"}, {"start": "00:00:52", "end": "00:00:58", "text": "stacks onto all of this. So boom, you"}, {"start": "00:00:54", "end": "00:01:01", "text": "get up to $500 max earning and it's paid"}, {"start": "00:00:58", "end": "00:01:03", "text": "directly out in XRP. So click the link"}, {"start": "00:01:01", "end": "00:01:05", "text": "down below. You guys are not want to"}, {"start": "00:01:03", "end": "00:01:06", "text": "miss this one. It is an awesome one. All"}, {"start": "00:01:05", "end": "00:01:08", "text": "right, let's jump into it today. I want"}, {"start": "00:01:06", "end": "00:01:10", "text": "to welcome into the show Mr. Tim Warren"}, {"start": "00:01:08", "end": "00:01:12", "text": "coming in. How are you, Tim?"}, {"start": "00:01:10", "end": "00:01:12", "text": ">> Doing great. Good to be back on the"}, {"start": "00:01:12", "end": "00:01:14", "text": "show. Paul, how you been?"}, {"start": "00:01:12", "end": "00:01:17", "text": ">> Nice to see you. Nice to see you. Summer"}, {"start": "00:01:14", "end": "00:01:19", "text": "is almost here and we are ready to rock."}, {"start": "00:01:17", "end": "00:01:21", "text": ">> The question is is how are the markets"}, {"start": "00:01:19", "end": "00:01:23", "text": "going to respond? I got a couple of"}, {"start": "00:01:21", "end": "00:01:25", "text": "tweets I want to show you and I want to"}, {"start": "00:01:23", "end": "00:01:29", "text": "get your opinion and I also have some"}, {"start": "00:01:25", "end": "00:01:31", "text": "tinfoil tin foil hat ideas"}, {"start": "00:01:29", "end": "00:01:33", "text": ">> that we'll throw past you as well. So,"}, {"start": "00:01:31", "end": "00:01:35", "text": "we'll get into that. We got a tweet here"}, {"start": "00:01:33", "end": "00:01:38", "text": "from Trump. Uh, and here it is right"}, {"start": "00:01:35", "end": "00:01:40", "text": "here. Gary Gendler and the anti-crypto"}, {"start": "00:01:38", "end": "00:01:43", "text": "army nearly destroyed the American"}, {"start": "00:01:40", "end": "00:01:45", "text": "crypto market. And of course he's"}, {"start": "00:01:43", "end": "00:01:48", "text": "talking by something that I don't know"}, {"start": "00:01:45", "end": "00:01:50", "text": "that anybody has ever seen before and"}, {"start": "00:01:48", "end": "00:01:53", "text": "that is this topic around crypto"}, {"start": "00:01:50", "end": "00:01:55", "text": "perpetuals. Trump is talking about"}, {"start": "00:01:53", "end": "00:01:58", "text": "literally listed out there perpetuals"}, {"start": "00:01:55", "end": "00:02:00", "text": "and innovation. So when you look at this"}, {"start": "00:01:58", "end": "00:02:02", "text": "and this is really kind of his first"}, {"start": "00:02:00", "end": "00:02:04", "text": "real statement saying hey we need the"}, {"start": "00:02:02", "end": "00:02:07", "text": "market structure bill to pass and future"}, {"start": "00:02:04", "end": "00:02:09", "text": "proof digital assets for you know for"}, {"start": "00:02:07", "end": "00:02:12", "text": "America. What's your percentage right"}, {"start": "00:02:09", "end": "00:02:13", "text": "now on um on clarity?"}, {"start": "00:02:12", "end": "00:02:15", "text": ">> Percentage on the passing."}, {"start": "00:02:13", "end": "00:02:17", "text": ">> Yeah. Of passing."}, {"start": "00:02:15", "end": "00:02:19", "text": ">> Yeah. I'm going to put it I don't think"}, {"start": "00:02:17", "end": "00:02:22", "text": "it's wise to ever say 100% for anything."}, {"start": "00:02:19", "end": "00:02:23", "text": "So, let's go with like 90 to 95%."}, {"start": "00:02:22", "end": "00:02:26", "text": ">> Whoa. Okay. All right."}, {"start": "00:02:23", "end": "00:02:28", "text": ">> And my my reasoning for that is because"}, {"start": "00:02:26", "end": "00:02:30", "text": "of the investment from large"}, {"start": "00:02:28", "end": "00:02:32", "text": "institutions. Like we know that they've"}, {"start": "00:02:30", "end": "00:02:33", "text": "been the ones kind of going back and"}, {"start": "00:02:32", "end": "00:02:34", "text": "forth on things. Even think about the"}, {"start": "00:02:33", "end": "00:02:36", "text": "banks. Obviously, we just had a huge"}, {"start": "00:02:34", "end": "00:02:38", "text": "argument between the banks and the"}, {"start": "00:02:36", "end": "00:02:39", "text": "crypto firms that we always kind of had"}, {"start": "00:02:38", "end": "00:02:40", "text": "this feeling like there was some"}, {"start": "00:02:39", "end": "00:02:42", "text": "language details that need to be worked"}, {"start": "00:02:40", "end": "00:02:44", "text": "out. But, but the large banks, I'm not"}, {"start": "00:02:42", "end": "00:02:46", "text": "talking about your little local bank who"}, {"start": "00:02:44", "end": "00:02:47", "text": "maybe will get pushed out and crushed by"}, {"start": "00:02:46", "end": "00:02:50", "text": "crypto. We're talking about the JP"}, {"start": "00:02:47", "end": "00:02:52", "text": "Morgans and the Fidelities and all these"}, {"start": "00:02:50", "end": "00:02:54", "text": "other large banks, they they want crypto"}, {"start": "00:02:52", "end": "00:02:55", "text": "go through. They realize the writing's"}, {"start": "00:02:54", "end": "00:02:58", "text": "on the wall. If they want to exist as"}, {"start": "00:02:55", "end": "00:03:01", "text": "institutions in the finance world, they"}, {"start": "00:02:58", "end": "00:03:03", "text": "need to incre utilize cryptocurrency."}, {"start": "00:03:01", "end": "00:03:05", "text": ">> Yeah. So, so what we've seen recently is"}, {"start": "00:03:03", "end": "00:03:10", "text": "billions of dollars of investments into"}, {"start": "00:03:05", "end": "00:03:12", "text": "infrastructure to prepare for a overhaul"}, {"start": "00:03:10", "end": "00:03:13", "text": "of utilizing crypto. They wouldn't have"}, {"start": "00:03:12", "end": "00:03:16", "text": "invested in that kind of stuff if they"}, {"start": "00:03:13", "end": "00:03:19", "text": "don't see it happening at least at some"}, {"start": "00:03:16", "end": "00:03:20", "text": "point this year or soon. So, I'm I'm"}, {"start": "00:03:19", "end": "00:03:22", "text": "because of the money they're spending,"}, {"start": "00:03:20", "end": "00:03:23", "text": "I'm very high on the clarity, but I do"}, {"start": "00:03:22", "end": "00:03:25", "text": "think they're going to make it very"}, {"start": "00:03:23", "end": "00:03:27", "text": "dramatic. I do think it's going to be a"}, {"start": "00:03:25", "end": "00:03:28", "text": "a whole event all the way until the"}, {"start": "00:03:27", "end": "00:03:30", "text": "final signing day."}, {"start": "00:03:28", "end": "00:03:31", "text": ">> Well, okay. So, we agree on one thing"}, {"start": "00:03:30", "end": "00:03:33", "text": "and I think that is there's going to be"}, {"start": "00:03:31", "end": "00:03:37", "text": "a lot of drama."}, {"start": "00:03:33", "end": "00:03:39", "text": ">> I'm much more lower in terms of the"}, {"start": "00:03:37", "end": "00:03:41", "text": "percentage to pass. I actually feel like"}, {"start": "00:03:39", "end": "00:03:43", "text": "this may get stalled out."}, {"start": "00:03:41", "end": "00:03:46", "text": ">> I'm a little concerned that this is"}, {"start": "00:03:43", "end": "00:03:48", "text": "being thrown into a political pawn"}, {"start": "00:03:46", "end": "00:03:50", "text": ">> as we go into midterms. We we'll see. I"}, {"start": "00:03:48", "end": "00:03:53", "text": "mean, it's it really the timeline is is"}, {"start": "00:03:50", "end": "00:03:55", "text": "getting so tight. Uh it's difficult. But"}, {"start": "00:03:53", "end": "00:03:58", "text": "if you look at the other statements that"}, {"start": "00:03:55", "end": "00:04:01", "text": "he made, he literally said, \"I will"}, {"start": "00:03:58", "end": "00:04:03", "text": "never let crypto down.\" This is this is"}, {"start": "00:04:01", "end": "00:04:05", "text": "crazy for the president of the United"}, {"start": "00:04:03", "end": "00:04:06", "text": "States to make that. And then, of"}, {"start": "00:04:05", "end": "00:04:09", "text": "course, you get Bitcoin and it dumps"}, {"start": "00:04:06", "end": "00:04:10", "text": "2,000 after after that tweet. So,"}, {"start": "00:04:09", "end": "00:04:12", "text": ">> yeah,"}, {"start": "00:04:10", "end": "00:04:15", "text": ">> what do what do the Bitcoin crowd know"}, {"start": "00:04:12", "end": "00:04:17", "text": "that uh maybe we don't when it comes to"}, {"start": "00:04:15", "end": "00:04:19", "text": "uh where the market is heading right"}, {"start": "00:04:17", "end": "00:04:22", "text": "now? So, we'll we'll see how that that"}, {"start": "00:04:19", "end": "00:04:24", "text": "plays out. Uh but hey, listen. You have"}, {"start": "00:04:22", "end": "00:04:28", "text": "um the concern right here and this is"}, {"start": "00:04:24", "end": "00:04:30", "text": "Lumis warning of a regulatory dark age"}, {"start": "00:04:28", "end": "00:04:34", "text": "if the Clarity Act stalls here. Here"}, {"start": "00:04:30", "end": "00:04:38", "text": "here's my theory. So if if it does stall"}, {"start": "00:04:34", "end": "00:04:41", "text": "and the administration tries to spin"}, {"start": "00:04:38", "end": "00:04:45", "text": "this in some way to possibly win a"}, {"start": "00:04:41", "end": "00:04:46", "text": "handful of seats in the midterms to try"}, {"start": "00:04:45", "end": "00:04:48", "text": "to retain the Senate because right now"}, {"start": "00:04:46", "end": "00:04:50", "text": "it's still kind of iffy on whether or"}, {"start": "00:04:48", "end": "00:04:52", "text": "not the Republicans retain the Senate. I"}, {"start": "00:04:50", "end": "00:04:55", "text": "guess the real question would be could"}, {"start": "00:04:52", "end": "00:04:56", "text": "they even pass it afterwards, you know?"}, {"start": "00:04:55", "end": "00:04:58", "text": "So"}, {"start": "00:04:56", "end": "00:04:59", "text": ">> Jake was talking about this. He says"}, {"start": "00:04:58", "end": "00:05:02", "text": "there's not much time, you know, to get"}, {"start": "00:04:59", "end": "00:05:04", "text": "it done. Uh it may seem quiet, but but"}, {"start": "00:05:02", "end": "00:05:07", "text": "right now it's when the work's supposed"}, {"start": "00:05:04", "end": "00:05:10", "text": "to get done. So he's and even he says"}, {"start": "00:05:07", "end": "00:05:12", "text": "easier said than done. Let's get into"}, {"start": "00:05:10", "end": "00:05:13", "text": "whether or not we got to buy the dip."}, {"start": "00:05:12", "end": "00:05:16", "text": "Okay, so I want to play a clip. This is"}, {"start": "00:05:13", "end": "00:05:18", "text": "Mark Cudmore and he talks about is this"}, {"start": "00:05:16", "end": "00:05:20", "text": "the time to do it. Take a look."}, {"start": "00:05:18", "end": "00:05:23", "text": ">> 100% that that the dip buyers come in. I"}, {"start": "00:05:20", "end": "00:05:24", "text": "I just think that that they must be uh"}, {"start": "00:05:23", "end": "00:05:25", "text": "almost out of momentum. You look at"}, {"start": "00:05:24", "end": "00:05:27", "text": "almost any way to value anything. You"}, {"start": "00:05:25", "end": "00:05:29", "text": "look at the the IPOs we got this year"}, {"start": "00:05:27", "end": "00:05:31", "text": "from SpaceX and Open AI. You just look"}, {"start": "00:05:29", "end": "00:05:34", "text": "at the earnings projections, everything"}, {"start": "00:05:31", "end": "00:05:35", "text": "is priced to extreme. So of course the"}, {"start": "00:05:34", "end": "00:05:36", "text": "dip buyers are going to come in. The"}, {"start": "00:05:35", "end": "00:05:38", "text": "problem is I just think that real"}, {"start": "00:05:36", "end": "00:05:40", "text": "economics is going to squeeze them. And"}, {"start": "00:05:38", "end": "00:05:42", "text": "the dynamic is now is that so much of"}, {"start": "00:05:40", "end": "00:05:44", "text": "the real economy actually depends on the"}, {"start": "00:05:42", "end": "00:05:46", "text": "wealth effect from this kind of booming"}, {"start": "00:05:44", "end": "00:05:48", "text": "stock market. So, the reason I I'm kind"}, {"start": "00:05:46", "end": "00:05:50", "text": "of transitioning from, you know, the two"}, {"start": "00:05:48", "end": "00:05:52", "text": "weeks ago kind of tactically a little"}, {"start": "00:05:50", "end": "00:05:53", "text": "bit more negative on markets, but"}, {"start": "00:05:52", "end": "00:05:55", "text": "thinking you'd ultimately buy this dip"}, {"start": "00:05:53", "end": "00:05:57", "text": "to not being convinced you'd buy the dip"}, {"start": "00:05:55", "end": "00:06:00", "text": "is that I think the conditions are now"}, {"start": "00:05:57", "end": "00:06:02", "text": "ripe for a negative spiral to start"}, {"start": "00:06:00", "end": "00:06:05", "text": "because the economy is only holding up"}, {"start": "00:06:02", "end": "00:06:07", "text": "in this K-shaped economy because enough"}, {"start": "00:06:05", "end": "00:06:09", "text": "consumers have a positive wealth effect"}, {"start": "00:06:07", "end": "00:06:11", "text": "from the the stock market booming. The"}, {"start": "00:06:09", "end": "00:06:12", "text": "stock market starts suffering then they"}, {"start": "00:06:11", "end": "00:06:14", "text": "start consuming less, the economic"}, {"start": "00:06:12", "end": "00:06:16", "text": "damage gets worse. that means we start"}, {"start": "00:06:14", "end": "00:06:17", "text": "trading that negative economic narrative"}, {"start": "00:06:16", "end": "00:06:19", "text": "a little bit more aggressively in the"}, {"start": "00:06:17", "end": "00:06:21", "text": "stock market. So I I now think we're"}, {"start": "00:06:19", "end": "00:06:24", "text": "getting close to that tipping point"}, {"start": "00:06:21", "end": "00:06:25", "text": "where we can start a negative spiral. I"}, {"start": "00:06:24", "end": "00:06:28", "text": "guess I'm still on the fence if this is"}, {"start": "00:06:25", "end": "00:06:29", "text": "the, you know, this is really the top,"}, {"start": "00:06:28", "end": "00:06:30", "text": "but I'm I'm now suddenly leaning that"}, {"start": "00:06:29", "end": "00:06:32", "text": "way as of yesterday when I wasn't"}, {"start": "00:06:30", "end": "00:06:34", "text": "before."}, {"start": "00:06:32", "end": "00:06:37", "text": ">> All right, so he's leaning that way. I'm"}, {"start": "00:06:34", "end": "00:06:39", "text": "looking at the S&P chart right now."}, {"start": "00:06:37", "end": "00:06:40", "text": ">> Uh this is the daily and dude, this is"}, {"start": "00:06:39", "end": "00:06:45", "text": "just straight up"}, {"start": "00:06:40", "end": "00:06:47", "text": ">> just Yeah. So, um I mean it's crazy."}, {"start": "00:06:45", "end": "00:06:49", "text": "It's 7561 right now. We're on another"}, {"start": "00:06:47", "end": "00:06:51", "text": "green day which is continuing to break"}, {"start": "00:06:49", "end": "00:06:55", "text": "records. So, if this is the case, if"}, {"start": "00:06:51", "end": "00:06:57", "text": "we're at the top and we do see a full"}, {"start": "00:06:55", "end": "00:06:59", "text": "retracement, how do you think this"}, {"start": "00:06:57", "end": "00:07:02", "text": "affects the major assets, especially"}, {"start": "00:06:59", "end": "00:07:03", "text": "Bitcoin and ETH? If you chart Bitcoin"}, {"start": "00:07:02", "end": "00:07:05", "text": "right now,"}, {"start": "00:07:03", "end": "00:07:07", "text": ">> where do you feel like this falls if in"}, {"start": "00:07:05", "end": "00:07:08", "text": "fact Cudmore is right and we see a"}, {"start": "00:07:07", "end": "00:07:10", "text": "pullback?"}, {"start": "00:07:08", "end": "00:07:11", "text": ">> Yeah. Well, here's something we got to"}, {"start": "00:07:10", "end": "00:07:12", "text": "start off with that people have been"}, {"start": "00:07:11", "end": "00:07:15", "text": "talking about in the crypto community"}, {"start": "00:07:12", "end": "00:07:17", "text": "for years, and that is when will Bitcoin"}, {"start": "00:07:15", "end": "00:07:19", "text": "finally kind of separate from"}, {"start": "00:07:17", "end": "00:07:21", "text": "traditional risk assets and the stock"}, {"start": "00:07:19", "end": "00:07:22", "text": "market overall and do its own thing."}, {"start": "00:07:21", "end": "00:07:23", "text": ">> I don't think this is the the way people"}, {"start": "00:07:22", "end": "00:07:24", "text": "want to see it happen because that's"}, {"start": "00:07:23", "end": "00:07:27", "text": "kind of what we're seeing happen, Paul."}, {"start": "00:07:24", "end": "00:07:29", "text": "We're seeing a division and a split"}, {"start": "00:07:27", "end": "00:07:31", "text": "between traditional finance and crypto."}, {"start": "00:07:29", "end": "00:07:33", "text": "The the gist is we wanted to see crypto"}, {"start": "00:07:31", "end": "00:07:35", "text": "go up and tradi go down. We're seeing"}, {"start": "00:07:33", "end": "00:07:37", "text": "tradi go up, crypto go down. But in the"}, {"start": "00:07:35", "end": "00:07:38", "text": "same in the same thought process though,"}, {"start": "00:07:37", "end": "00:07:40", "text": "I think it's going to be a perfect"}, {"start": "00:07:38", "end": "00:07:41", "text": "storm. I don't I don't think the"}, {"start": "00:07:40", "end": "00:07:43", "text": "bottom's in. I've been on your show"}, {"start": "00:07:41", "end": "00:07:44", "text": "before. I know I know people thought"}, {"start": "00:07:43", "end": "00:07:45", "text": "maybe I kind of look like an idiot here"}, {"start": "00:07:44", "end": "00:07:47", "text": "a couple weeks ago saying I don't think"}, {"start": "00:07:45", "end": "00:07:48", "text": "the bottoms in. I think the bottoms in"}, {"start": "00:07:47", "end": "00:07:50", "text": "and Bitcoin sitting here ripping above"}, {"start": "00:07:48", "end": "00:07:51", "text": "80K,"}, {"start": "00:07:50", "end": "00:07:53", "text": ">> but now I'm looking a little smarter"}, {"start": "00:07:51", "end": "00:07:55", "text": "with those claims as we're dropping back"}, {"start": "00:07:53", "end": "00:07:56", "text": "down towards 70,000."}, {"start": "00:07:55", "end": "00:07:58", "text": ">> I think there's going to be a condition"}, {"start": "00:07:56", "end": "00:07:59", "text": "where I think the stock market could"}, {"start": "00:07:58", "end": "00:08:00", "text": "keep climbing a little bit and I think"}, {"start": "00:07:59", "end": "00:08:02", "text": "crypto could keep falling. I think"}, {"start": "00:08:00", "end": "00:08:04", "text": "Bitcoin is going to go down here below"}, {"start": "00:08:02", "end": "00:08:06", "text": "this support level. This is a very"}, {"start": "00:08:04", "end": "00:08:08", "text": "classic bearish trend with that rising"}, {"start": "00:08:06", "end": "00:08:10", "text": "resistance and rising support called a"}, {"start": "00:08:08", "end": "00:08:12", "text": "rising channel. Gets even worse when you"}, {"start": "00:08:10", "end": "00:08:13", "text": "connect it to that big negative move"}, {"start": "00:08:12", "end": "00:08:16", "text": "called a bare flag."}, {"start": "00:08:13", "end": "00:08:17", "text": ">> I still have a mark and I I made this"}, {"start": "00:08:16", "end": "00:08:19", "text": "case I think on your channel as well,"}, {"start": "00:08:17", "end": "00:08:22", "text": "but on my channel several times now"}, {"start": "00:08:19", "end": "00:08:24", "text": "there's a lot of support at 53k and"}, {"start": "00:08:22", "end": "00:08:27", "text": "technically I could see even down to 48k"}, {"start": "00:08:24", "end": "00:08:29", "text": "staying within my realm of of what"}, {"start": "00:08:27", "end": "00:08:30", "text": "Bitcoin's capable of doing. Okay."}, {"start": "00:08:29", "end": "00:08:32", "text": ">> But what what I think is going to happen"}, {"start": "00:08:30", "end": "00:08:35", "text": "is and I'm not going to predict this"}, {"start": "00:08:32", "end": "00:08:37", "text": "crash of the stock market that like the"}, {"start": "00:08:35", "end": "00:08:38", "text": "stock market has like a 30% pullback or"}, {"start": "00:08:37", "end": "00:08:40", "text": "something."}, {"start": "00:08:38", "end": "00:08:42", "text": ">> But but like you just said, this is a"}, {"start": "00:08:40", "end": "00:08:44", "text": "ridiculously bullish chart"}, {"start": "00:08:42", "end": "00:08:46", "text": ">> that at some point needs some form of"}, {"start": "00:08:44", "end": "00:08:48", "text": "let's just call it a healthy correction."}, {"start": "00:08:46", "end": "00:08:50", "text": "Let's not even call it a crash or a bare"}, {"start": "00:08:48", "end": "00:08:51", "text": "market, just a healthy correction. And"}, {"start": "00:08:50", "end": "00:08:53", "text": "so people are going to take profit from"}, {"start": "00:08:51", "end": "00:08:54", "text": "the spy. They're going to take profit"}, {"start": "00:08:53", "end": "00:08:56", "text": "from the AI space that's booming. and"}, {"start": "00:08:54", "end": "00:08:59", "text": "and they're going to say, \"Where's the"}, {"start": "00:08:56", "end": "00:09:01", "text": "next asset class that has a lot of"}, {"start": "00:08:59", "end": "00:09:03", "text": "excitement about the future, but it's"}, {"start": "00:09:01", "end": "00:09:06", "text": "underpriced?\" Go no further than looking"}, {"start": "00:09:03", "end": "00:09:07", "text": "at the entire crypto space. Just look at"}, {"start": "00:09:06", "end": "00:09:09", "text": "crypto and what's happening right now,"}, {"start": "00:09:07", "end": "00:09:12", "text": "and you're going to find exciting"}, {"start": "00:09:09", "end": "00:09:14", "text": "technology, ridiculously oversold, and"}, {"start": "00:09:12", "end": "00:09:15", "text": "it's going to be ripe for buying in. By"}, {"start": "00:09:14", "end": "00:09:16", "text": "the way, when you look at onchain"}, {"start": "00:09:15", "end": "00:09:18", "text": "metrics, I know a lot of people just"}, {"start": "00:09:16", "end": "00:09:22", "text": "look at price charts and they pay"}, {"start": "00:09:18", "end": "00:09:23", "text": "attention to um sentiment. Uh watch what"}, {"start": "00:09:22", "end": "00:09:25", "text": "whales are doing. Watch the amount of"}, {"start": "00:09:23", "end": "00:09:27", "text": "accounts that hold X amount of Bitcoin"}, {"start": "00:09:25", "end": "00:09:29", "text": "or X amount of Ethereum or X amount of"}, {"start": "00:09:27", "end": "00:09:32", "text": "Chain Link. They're growing. The larger"}, {"start": "00:09:29", "end": "00:09:33", "text": "whale accounts are growing and outflows"}, {"start": "00:09:32", "end": "00:09:35", "text": "from exchanges are starting to increase,"}, {"start": "00:09:33", "end": "00:09:37", "text": "which is people putting money into cold"}, {"start": "00:09:35", "end": "00:09:40", "text": "storage. This often happens not at the"}, {"start": "00:09:37", "end": "00:09:41", "text": "exact bottom, but close to the bottom."}, {"start": "00:09:40", "end": "00:09:43", "text": "And I think that that's I think we're"}, {"start": "00:09:41", "end": "00:09:46", "text": "starting to see the signs that wealthy"}, {"start": "00:09:43", "end": "00:09:49", "text": "people are accumulating crypto and they"}, {"start": "00:09:46", "end": "00:09:51", "text": "know the time's coming soon. Now, on the"}, {"start": "00:09:49", "end": "00:09:52", "text": "charts, I don't think the bottom's in."}, {"start": "00:09:51", "end": "00:09:54", "text": "And one of the biggest reasons why is"}, {"start": "00:09:52", "end": "00:09:56", "text": "because the daily bullish divergence is"}, {"start": "00:09:54", "end": "00:09:59", "text": "not in play yet. We've never had a"}, {"start": "00:09:56", "end": "00:10:00", "text": "bearish a bare market end without at"}, {"start": "00:09:59", "end": "00:10:02", "text": "least daily bullish divergence. If"}, {"start": "00:10:00", "end": "00:10:05", "text": "you're wondering what that is, that is"}, {"start": "00:10:02", "end": "00:10:07", "text": "when the price drops below the previous"}, {"start": "00:10:05", "end": "00:10:09", "text": "low. In this case, daily close was"}, {"start": "00:10:07", "end": "00:10:11", "text": "around 62,200."}, {"start": "00:10:09", "end": "00:10:13", "text": "We need the daily candle to close below"}, {"start": "00:10:11", "end": "00:10:15", "text": "62,200."}, {"start": "00:10:13", "end": "00:10:17", "text": "We need the RSI to stay above this low"}, {"start": "00:10:15", "end": "00:10:19", "text": "back here at 16. And that'll be the"}, {"start": "00:10:17", "end": "00:10:21", "text": "daily bullish divergence. Very easy to"}, {"start": "00:10:19", "end": "00:10:23", "text": "do from here. And and like I said, I I"}, {"start": "00:10:21", "end": "00:10:26", "text": "think people have their cases between"}, {"start": "00:10:23", "end": "00:10:28", "text": "I've heard some people be as of the camp"}, {"start": "00:10:26", "end": "00:10:30", "text": "that says sub 60k needs to come. I've"}, {"start": "00:10:28", "end": "00:10:32", "text": "heard people as high as 58 saying 58 is"}, {"start": "00:10:30", "end": "00:10:34", "text": "all we need to do. I'm sitting in the"}, {"start": "00:10:32", "end": "00:10:37", "text": "middle around 53 is my I think just a"}, {"start": "00:10:34", "end": "00:10:40", "text": "confluence of support. I've I've heard a"}, {"start": "00:10:37", "end": "00:10:41", "text": "very good case though for 48k to be the"}, {"start": "00:10:40", "end": "00:10:43", "text": "level that Bitcoin needs to drop."}, {"start": "00:10:41", "end": "00:10:45", "text": ">> Interesting. Uh I'm sure you've been"}, {"start": "00:10:43", "end": "00:10:47", "text": "watching what's going on with Ethereum."}, {"start": "00:10:45", "end": "00:10:49", "text": ">> Uh this of course is the Bankless guys."}, {"start": "00:10:47", "end": "00:10:52", "text": "That's David Hoffman. him claiming that"}, {"start": "00:10:49", "end": "00:10:53", "text": "he sold all of his ETH and he had to he"}, {"start": "00:10:52", "end": "00:10:55", "text": "got so much push back that he had to put"}, {"start": "00:10:53", "end": "00:10:57", "text": "out a community statement and then wrote"}, {"start": "00:10:55", "end": "00:10:59", "text": "a fulllengthy article about this. I"}, {"start": "00:10:57", "end": "00:11:01", "text": "invite everybody to go read it if you're"}, {"start": "00:10:59", "end": "00:11:04", "text": "an ETH maxi or you've purchased ETH"}, {"start": "00:11:01", "end": "00:11:08", "text": "before. Uh these Banklist I would say is"}, {"start": "00:11:04", "end": "00:11:11", "text": "one of the core media groups out there"}, {"start": "00:11:08", "end": "00:11:14", "text": "that have been in support of Ethereum in"}, {"start": "00:11:11", "end": "00:11:16", "text": "general. when you look at ETH as it is"}, {"start": "00:11:14", "end": "00:11:18", "text": "because I think people are are just now"}, {"start": "00:11:16", "end": "00:11:20", "text": "looking at hey ETH is you know the"}, {"start": "00:11:18", "end": "00:11:22", "text": "narrative is gone and the it's no longer"}, {"start": "00:11:20", "end": "00:11:24", "text": "money there's the arguments are you know"}, {"start": "00:11:22", "end": "00:11:27", "text": "proliferating typically around the"}, {"start": "00:11:24", "end": "00:11:29", "text": "bottom like it has before"}, {"start": "00:11:27", "end": "00:11:33", "text": ">> where would you put ETH on the chart"}, {"start": "00:11:29", "end": "00:11:36", "text": "right now in comparison to your 48k to"}, {"start": "00:11:33", "end": "00:11:37", "text": "53k Bitcoin"}, {"start": "00:11:36", "end": "00:11:40", "text": ">> yeah when I take a look at the ETH chart"}, {"start": "00:11:37", "end": "00:11:41", "text": "I mean this is one of the the I don't"}, {"start": "00:11:40", "end": "00:11:44", "text": "want to say more bearish"}, {"start": "00:11:41", "end": "00:11:46", "text": "less bullish charts of the crypto space"}, {"start": "00:11:44", "end": "00:11:48", "text": "here. Uh we we were in a similar channel"}, {"start": "00:11:46", "end": "00:11:49", "text": "to Bitcoin, but when you have"}, {"start": "00:11:48", "end": "00:11:51", "text": "constriction like this, this is more of"}, {"start": "00:11:49", "end": "00:11:51", "text": "what we call a rising wedge pattern."}, {"start": "00:11:51", "end": "00:11:53", "text": ">> Okay,"}, {"start": "00:11:51", "end": "00:11:54", "text": ">> you can see here and I know some people"}, {"start": "00:11:53", "end": "00:11:55", "text": "have different trend lines. This is my"}, {"start": "00:11:54", "end": "00:11:56", "text": "trend line I have drawn. It connects"}, {"start": "00:11:55", "end": "00:11:59", "text": "with these three support levels quite"}, {"start": "00:11:56", "end": "00:12:01", "text": "well. We lost that support level here"}, {"start": "00:11:59", "end": "00:12:02", "text": "about a week and some change ago. We"}, {"start": "00:12:01", "end": "00:12:03", "text": "came back up. If I zoom in, let's go to"}, {"start": "00:12:02", "end": "00:12:05", "text": "the 4 hour chart so you can see this. We"}, {"start": "00:12:03", "end": "00:12:08", "text": "came back up and pretty much treated it"}, {"start": "00:12:05", "end": "00:12:10", "text": "like resistance. So pretty strong uh"}, {"start": "00:12:08", "end": "00:12:13", "text": "bearish move right there. This right"}, {"start": "00:12:10", "end": "00:12:15", "text": "here suggests to me um in this wedge"}, {"start": "00:12:13", "end": "00:12:16", "text": "pattern, again, it gets worse if I call"}, {"start": "00:12:15", "end": "00:12:18", "text": "this a bare flag, but let's just start"}, {"start": "00:12:16", "end": "00:12:20", "text": "with a conservative kind of approach"}, {"start": "00:12:18", "end": "00:12:22", "text": "here. I I would take a look here and say"}, {"start": "00:12:20", "end": "00:12:24", "text": "the prediction for this move comes right"}, {"start": "00:12:22", "end": "00:12:28", "text": "back down to a massive support level"}, {"start": "00:12:24", "end": "00:12:30", "text": "somewhere here around 1650 1648 roughly"}, {"start": "00:12:28", "end": "00:12:33", "text": "is the area to watch there. When I zoom"}, {"start": "00:12:30", "end": "00:12:35", "text": "out, you'll see this is a long-term"}, {"start": "00:12:33", "end": "00:12:37", "text": "support trend line going back to the"}, {"start": "00:12:35", "end": "00:12:39", "text": "June 2022 lows, right? So, we've been in"}, {"start": "00:12:37", "end": "00:12:41", "text": "this channel for a long term on Ethereum"}, {"start": "00:12:39", "end": "00:12:43", "text": "as well. I think it's very realistic at"}, {"start": "00:12:41", "end": "00:12:45", "text": "this point for ETH to drop down there."}, {"start": "00:12:43", "end": "00:12:47", "text": "Uh, if the bare flag part of it plays"}, {"start": "00:12:45", "end": "00:12:48", "text": "out, we're talking about $1,200. I think"}, {"start": "00:12:47", "end": "00:12:50", "text": "I've said this on the show here long"}, {"start": "00:12:48", "end": "00:12:54", "text": "before as well. If we lose this support"}, {"start": "00:12:50", "end": "00:12:55", "text": "level, I think some people say 1,400. I"}, {"start": "00:12:54", "end": "00:12:56", "text": "think you skip that. I think you're"}, {"start": "00:12:55", "end": "00:13:00", "text": "playing out the bare flag. We're looking"}, {"start": "00:12:56", "end": "00:13:02", "text": "at $1,200. Um, so but it's it is one of"}, {"start": "00:13:00", "end": "00:13:04", "text": "those things, Paul. I'll say this that a"}, {"start": "00:13:02", "end": "00:13:06", "text": "lot of people"}, {"start": "00:13:04", "end": "00:13:08", "text": "a lot of people look at charts"}, {"start": "00:13:06", "end": "00:13:10", "text": "and they they try to drive some sort of"}, {"start": "00:13:08", "end": "00:13:11", "text": "long-term narrative and they say, \"Okay,"}, {"start": "00:13:10", "end": "00:13:13", "text": "Ethereum is dead. It's just not"}, {"start": "00:13:11", "end": "00:13:14", "text": "performing well.\" And yet, to my"}, {"start": "00:13:13", "end": "00:13:16", "text": "knowledge, and I know you read that"}, {"start": "00:13:14", "end": "00:13:18", "text": "story that one supporter of Ethereum has"}, {"start": "00:13:16", "end": "00:13:19", "text": "kind of sold all their Ethereum, but"}, {"start": "00:13:18", "end": "00:13:22", "text": "other big ones are coming in. It is"}, {"start": "00:13:19", "end": "00:13:23", "text": "still an institutional favorite at this"}, {"start": "00:13:22", "end": "00:13:26", "text": "point. I know Black Rockck really likes"}, {"start": "00:13:23", "end": "00:13:27", "text": "it. I know that, you know, Mark Cuban"}, {"start": "00:13:26", "end": "00:13:29", "text": "just made a big deal about dumping a lot"}, {"start": "00:13:27", "end": "00:13:32", "text": "of Bitcoin because he's doubling down on"}, {"start": "00:13:29", "end": "00:13:34", "text": "Ethereum. Um, so until I start to see"}, {"start": "00:13:32", "end": "00:13:36", "text": "bigger bigger bigger waves happen that"}, {"start": "00:13:34", "end": "00:13:38", "text": "actually show me the fundamentals of"}, {"start": "00:13:36", "end": "00:13:39", "text": "Ethereum are dead. We we people have"}, {"start": "00:13:38", "end": "00:13:41", "text": "made this mistake before. At one point"}, {"start": "00:13:39", "end": "00:13:43", "text": "people said XRP was dead because the"}, {"start": "00:13:41", "end": "00:13:44", "text": "price action wasn't doing anything. And"}, {"start": "00:13:43", "end": "00:13:46", "text": "we know that was false. Remember when"}, {"start": "00:13:44", "end": "00:13:47", "text": "people thought Solana was dead because"}, {"start": "00:13:46", "end": "00:13:48", "text": "the price action wasn't doing anything."}, {"start": "00:13:47", "end": "00:13:50", "text": "And now Solana is the coin that"}, {"start": "00:13:48", "end": "00:13:52", "text": "everyone's saying is the reason why"}, {"start": "00:13:50", "end": "00:13:54", "text": "Ethereum is going to die. But literally"}, {"start": "00:13:52", "end": "00:13:57", "text": "three years ago it was a dead coin,"}, {"start": "00:13:54", "end": "00:13:59", "text": "right? So, I I I try not to get too"}, {"start": "00:13:57", "end": "00:14:02", "text": "emotional too fast just cuz price action"}, {"start": "00:13:59", "end": "00:14:03", "text": "looks bad because it doesn't tell the"}, {"start": "00:14:02", "end": "00:14:06", "text": "full story. There still is a lot of"}, {"start": "00:14:03", "end": "00:14:08", "text": "fundamental long-term support, but from"}, {"start": "00:14:06", "end": "00:14:10", "text": "a technical standpoint, I have buy"}, {"start": "00:14:08", "end": "00:14:13", "text": "signals down at 1,600 and if those lose,"}, {"start": "00:14:10", "end": "00:14:14", "text": "I'll order more down at 1,200 is my next"}, {"start": "00:14:13", "end": "00:14:16", "text": "cut for Ethereum."}, {"start": "00:14:14", "end": "00:14:18", "text": ">> Yeah. So, buying the dip for sure."}, {"start": "00:14:16", "end": "00:14:21", "text": "Jumping over to you speak of Salana um"}, {"start": "00:14:18", "end": "00:14:24", "text": "of course everybody's tagging per now"}, {"start": "00:14:21", "end": "00:14:27", "text": ">> and if you guys don't know uh Salana"}, {"start": "00:14:24", "end": "00:14:29", "text": "grabbed up the pers handle on X"}, {"start": "00:14:27", "end": "00:14:32", "text": ">> for a big reason obviously they are"}, {"start": "00:14:29", "end": "00:14:33", "text": "going head-to-head with Hyperlid and we"}, {"start": "00:14:32", "end": "00:14:35", "text": "could see a lot of activity I mean you"}, {"start": "00:14:33", "end": "00:14:39", "text": "look at JTX you look at what's happening"}, {"start": "00:14:35", "end": "00:14:41", "text": "with Jupiter this could be a pretty"}, {"start": "00:14:39", "end": "00:14:43", "text": "accelerated opportunity for them to take"}, {"start": "00:14:41", "end": "00:14:46", "text": "on Hyperlid if you're looking at Salana"}, {"start": "00:14:43", "end": "00:14:49", "text": "right now where would be a good place,"}, {"start": "00:14:46", "end": "00:14:52", "text": "Tim, for me, not our audience, but for"}, {"start": "00:14:49", "end": "00:14:52", "text": "me, you're you're coaching Paul now."}, {"start": "00:14:52", "end": "00:14:56", "text": ">> Yeah."}, {"start": "00:14:52", "end": "00:14:59", "text": ">> Where do I buy my next bag of Salana?"}, {"start": "00:14:56", "end": "00:15:01", "text": ">> Yeah, I would say your next DCA should"}, {"start": "00:14:59", "end": "00:15:04", "text": "probably be somewhere in this green box"}, {"start": "00:15:01", "end": "00:15:06", "text": "area. North end around 7840, low end"}, {"start": "00:15:04", "end": "00:15:08", "text": "around 7572. So, this is a support box"}, {"start": "00:15:06", "end": "00:15:10", "text": "we've been in since back in February."}, {"start": "00:15:08", "end": "00:15:11", "text": "And you can see here we've just been"}, {"start": "00:15:10", "end": "00:15:13", "text": "bouncing back and forth. Couple outliers"}, {"start": "00:15:11", "end": "00:15:15", "text": "above resistance, but we keep finding"}, {"start": "00:15:13", "end": "00:15:17", "text": "support in this green box. Yeah, problem"}, {"start": "00:15:15", "end": "00:15:19", "text": "again is this is a sideways channel"}, {"start": "00:15:17", "end": "00:15:20", "text": "connected to a big move down. So you"}, {"start": "00:15:19", "end": "00:15:22", "text": "could easily call this a bare flag as"}, {"start": "00:15:20", "end": "00:15:24", "text": "well. There's two marks I'm looking at."}, {"start": "00:15:22", "end": "00:15:27", "text": "So I have longerterm buy signals. So I"}, {"start": "00:15:24", "end": "00:15:29", "text": "think a good DCA spot 77 because just in"}, {"start": "00:15:27", "end": "00:15:31", "text": "case, right? I always have the just in"}, {"start": "00:15:29", "end": "00:15:33", "text": "case I'm wrong, I want to make sure I'm"}, {"start": "00:15:31", "end": "00:15:35", "text": "locked in because I think we're closer"}, {"start": "00:15:33", "end": "00:15:38", "text": "to the bottom than the top. But"}, {"start": "00:15:35", "end": "00:15:41", "text": "realistically, if Bitcoin's going sub"}, {"start": "00:15:38", "end": "00:15:44", "text": "60K, if Ethereum's going to,600,"}, {"start": "00:15:41", "end": "00:15:46", "text": "Solana's probably going closer to 60 and"}, {"start": "00:15:44", "end": "00:15:48", "text": "the disaster scenario for me is closer"}, {"start": "00:15:46", "end": "00:15:50", "text": "to 50. Like I would almost say, let's"}, {"start": "00:15:48", "end": "00:15:53", "text": "compare it to Bitcoin. If if Bitcoin"}, {"start": "00:15:50", "end": "00:15:56", "text": "makes it to like 53, Salana's probably"}, {"start": "00:15:53", "end": "00:15:58", "text": "at $60. If Bitcoin goes to like 48,"}, {"start": "00:15:56", "end": "00:16:02", "text": "Salana's probably at $50."}, {"start": "00:15:58", "end": "00:16:04", "text": ">> Okay. All right. So Salana at 50 uh"}, {"start": "00:16:02", "end": "00:16:05", "text": "would be the case at least on the bare"}, {"start": "00:16:04", "end": "00:16:07", "text": "side of this if we do see the kind of"}, {"start": "00:16:05", "end": "00:16:10", "text": "numbers that you're talking about which"}, {"start": "00:16:07", "end": "00:16:13", "text": "is pretty significant. Um all right so"}, {"start": "00:16:10", "end": "00:16:14", "text": "beyond Salana let's just jump over to"}, {"start": "00:16:13", "end": "00:16:16", "text": "hype I want to kind of go to this tweet"}, {"start": "00:16:14", "end": "00:16:18", "text": "here by Matt Hogan."}, {"start": "00:16:16", "end": "00:16:20", "text": ">> Um having done it a few times I can say"}, {"start": "00:16:18", "end": "00:16:24", "text": "discussing hyperlquid with financial"}, {"start": "00:16:20", "end": "00:16:25", "text": "advisors is magic. I've got a clip here"}, {"start": "00:16:24", "end": "00:16:28", "text": "from the rollup. They were talking about"}, {"start": "00:16:25", "end": "00:16:29", "text": "this also talking about the easiest"}, {"start": "00:16:28", "end": "00:16:31", "text": "sales pitch. And then I want to ask you"}, {"start": "00:16:29", "end": "00:16:32", "text": "a question after this. Let's play this"}, {"start": "00:16:31", "end": "00:16:34", "text": "clip."}, {"start": "00:16:32", "end": "00:16:36", "text": ">> This thing has a billion dollars or more"}, {"start": "00:16:34", "end": "00:16:37", "text": "of free cash flows and it's going back"}, {"start": "00:16:36", "end": "00:16:39", "text": "to buy the tokens. Like when I talk to"}, {"start": "00:16:37", "end": "00:16:41", "text": "institutional investors, all I have to"}, {"start": "00:16:39", "end": "00:16:43", "text": "say is that in the same way that the"}, {"start": "00:16:41", "end": "00:16:45", "text": "Ethereum Foundation is like looking for"}, {"start": "00:16:43", "end": "00:16:49", "text": "Tom Lee and some of these other DATs to"}, {"start": "00:16:45", "end": "00:16:51", "text": "like go be their institutional BD, these"}, {"start": "00:16:49", "end": "00:16:54", "text": "Hypqulid ETFs just unlock this next wave"}, {"start": "00:16:51", "end": "00:16:57", "text": "of incentive aligned"}, {"start": "00:16:54", "end": "00:17:00", "text": "Wall Street salesmen. like it's just"}, {"start": "00:16:57", "end": "00:17:02", "text": "it's exactly what we needed to get this"}, {"start": "00:17:00", "end": "00:17:04", "text": "thing to allocators and to make this"}, {"start": "00:17:02", "end": "00:17:06", "text": "pitch kind of go global."}, {"start": "00:17:04", "end": "00:17:08", "text": ">> The token is the product. The Hyperlquid"}, {"start": "00:17:06", "end": "00:17:10", "text": "team is not paying for a thing. Not for"}, {"start": "00:17:08", "end": "00:17:13", "text": "marketing, not for market makers, not"}, {"start": "00:17:10", "end": "00:17:15", "text": "for listings, not for ETFs. They're not"}, {"start": "00:17:13", "end": "00:17:18", "text": "paying for a thing. Matt took it upon"}, {"start": "00:17:15", "end": "00:17:20", "text": "himself and upon him upon himself and on"}, {"start": "00:17:18", "end": "00:17:22", "text": "behalf of Bitwise to go out find the"}, {"start": "00:17:20", "end": "00:17:24", "text": "asset that is going to help his"}, {"start": "00:17:22", "end": "00:17:26", "text": "customers. Most people think it's a"}, {"start": "00:17:24", "end": "00:17:28", "text": "crypto app targeting the $3 trillion"}, {"start": "00:17:26", "end": "00:17:30", "text": "crypto market. It's a super app"}, {"start": "00:17:28", "end": "00:17:33", "text": "targeting the $600 trillion global asset"}, {"start": "00:17:30", "end": "00:17:36", "text": "market. And that's why it's so exciting."}, {"start": "00:17:33", "end": "00:17:38", "text": "If it were just doing crypto futures,"}, {"start": "00:17:36", "end": "00:17:41", "text": "it'd be just about tapped out,"}, {"start": "00:17:38", "end": "00:17:42", "text": ">> but it has barely penetrated into the"}, {"start": "00:17:41", "end": "00:17:44", "text": "rest of all assets, which is actually"}, {"start": "00:17:42", "end": "00:17:47", "text": "the market it's going after."}, {"start": "00:17:44", "end": "00:17:49", "text": ">> So remember, Matt's got a, you know, a"}, {"start": "00:17:47", "end": "00:17:51", "text": "dog in the hump. He's got a hyperlquid"}, {"start": "00:17:49", "end": "00:17:53", "text": "fund out there. He's very happy about"}, {"start": "00:17:51", "end": "00:17:55", "text": "it. Uh there's been a lot of talk about"}, {"start": "00:17:53", "end": "00:17:57", "text": "Hyperlid just mainly because of what"}, {"start": "00:17:55", "end": "00:18:00", "text": "it's been doing over the past six"}, {"start": "00:17:57", "end": "00:18:02", "text": "months. Where would you put Hyperliquid"}, {"start": "00:18:00", "end": "00:18:04", "text": "right now? Do you think this is due for"}, {"start": "00:18:02", "end": "00:18:05", "text": "a pullback or do you think this is just"}, {"start": "00:18:04", "end": "00:18:08", "text": "the beginning of a super cycle because"}, {"start": "00:18:05", "end": "00:18:10", "text": "of perpetuals"}, {"start": "00:18:08", "end": "00:18:13", "text": "is hard because hype is is running off"}, {"start": "00:18:10", "end": "00:18:15", "text": "so much sentiment right now and and pump"}, {"start": "00:18:13", "end": "00:18:17", "text": "what I would call pumpamentals. But when"}, {"start": "00:18:15", "end": "00:18:19", "text": "I take a look at it and I look at my"}, {"start": "00:18:17", "end": "00:18:21", "text": "indicators in this case, uh I'm going to"}, {"start": "00:18:19", "end": "00:18:24", "text": "quickly look at my neurow indicator. We"}, {"start": "00:18:21", "end": "00:18:26", "text": "have red reversal, bearish a bearish"}, {"start": "00:18:24", "end": "00:18:27", "text": "momentum dot and negative money flow."}, {"start": "00:18:26", "end": "00:18:29", "text": "This is on the daily chart, by the way."}, {"start": "00:18:27", "end": "00:18:32", "text": "So this that's a that's a decent daily"}, {"start": "00:18:29", "end": "00:18:34", "text": "sell signal. Doesn't promise me a a"}, {"start": "00:18:32", "end": "00:18:36", "text": "colossal crash, but these previous ones"}, {"start": "00:18:34", "end": "00:18:38", "text": "we've had have had decent pullbacks."}, {"start": "00:18:36", "end": "00:18:40", "text": "Let's let's call them decent pullbacks."}, {"start": "00:18:38", "end": "00:18:42", "text": "Um, now here's where I'll say the pump"}, {"start": "00:18:40", "end": "00:18:44", "text": "of metals kind of come in because this"}, {"start": "00:18:42", "end": "00:18:46", "text": "rising wedge pattern 70% of the time"}, {"start": "00:18:44", "end": "00:18:48", "text": "we're going to get a bearish breakout"}, {"start": "00:18:46", "end": "00:18:50", "text": "and it ended up pumping to the upside"}, {"start": "00:18:48", "end": "00:18:52", "text": "instead. Why? Because the sentiment is"}, {"start": "00:18:50", "end": "00:18:54", "text": "so good. The fundamentals are so good."}, {"start": "00:18:52", "end": "00:18:57", "text": "Um, so it's it's hard to bet against"}, {"start": "00:18:54", "end": "00:18:59", "text": "hype. Where I would what I would turn"}, {"start": "00:18:57", "end": "00:19:00", "text": "bearish on it, like I'm bullish on hype"}, {"start": "00:18:59", "end": "00:19:04", "text": "right now. Where I would turn bearish is"}, {"start": "00:19:00", "end": "00:19:06", "text": "if we come up with a weekly sell signal."}, {"start": "00:19:04", "end": "00:19:08", "text": "And right now I'm just not seeing that"}, {"start": "00:19:06", "end": "00:19:09", "text": "necessarily play out. It looks like we"}, {"start": "00:19:08", "end": "00:19:11", "text": "just got back up here. We don't have"}, {"start": "00:19:09", "end": "00:19:14", "text": "bearish divergence on the weekly chart."}, {"start": "00:19:11", "end": "00:19:18", "text": "Um, I think it's I think it's unwise to"}, {"start": "00:19:14", "end": "00:19:20", "text": "enter long-term shorts just yet on hype,"}, {"start": "00:19:18", "end": "00:19:21", "text": "but it could get there. I want to let me"}, {"start": "00:19:20", "end": "00:19:22", "text": "actually take a look here real quick"}, {"start": "00:19:21", "end": "00:19:24", "text": "with you. I actually haven't checked"}, {"start": "00:19:22", "end": "00:19:25", "text": "this out. Yeah, we don't we have those"}, {"start": "00:19:24", "end": "00:19:27", "text": "daily sell signals. We don't even"}, {"start": "00:19:25", "end": "00:19:28", "text": "officially have a two-day sell signal"}, {"start": "00:19:27", "end": "00:19:30", "text": "yet. It's close. It looks like the"}, {"start": "00:19:28", "end": "00:19:32", "text": "two-day is about to happen, but if we"}, {"start": "00:19:30", "end": "00:19:33", "text": "don't even have the two-day, it might"}, {"start": "00:19:32", "end": "00:19:35", "text": "take a couple of weeks for the weekly"}, {"start": "00:19:33", "end": "00:19:36", "text": "prints off on us. Um, where I'm looking"}, {"start": "00:19:35", "end": "00:19:38", "text": "though is with the daily Celsius signal"}, {"start": "00:19:36", "end": "00:19:40", "text": "being in here and you'll find probably"}, {"start": "00:19:38", "end": "00:19:41", "text": "find some bare stuff down below. I told"}, {"start": "00:19:40", "end": "00:19:43", "text": "our community two levels that I was"}, {"start": "00:19:41", "end": "00:19:45", "text": "keeping an eye on. The first one we just"}, {"start": "00:19:43", "end": "00:19:48", "text": "bounced here pretty much yesterday"}, {"start": "00:19:45", "end": "00:19:49", "text": "around 56. The other one back down"}, {"start": "00:19:48", "end": "00:19:52", "text": "towards this red line if I were to"}, {"start": "00:19:49", "end": "00:19:54", "text": "extend this out uh around 5352"}, {"start": "00:19:52", "end": "00:19:55", "text": "is the next area I would look for. And"}, {"start": "00:19:54", "end": "00:19:57", "text": "then what you're looking for at those"}, {"start": "00:19:55", "end": "00:19:59", "text": "levels, and by the way, we're getting it"}, {"start": "00:19:57", "end": "00:20:01", "text": "here today. As we hit my first level"}, {"start": "00:19:59", "end": "00:20:03", "text": "here at 56, the 4hour chart, now you're"}, {"start": "00:20:01", "end": "00:20:05", "text": "seeing some buys starting to sweep back"}, {"start": "00:20:03", "end": "00:20:07", "text": "in for short-term scalping. That's not a"}, {"start": "00:20:05", "end": "00:20:09", "text": "long-term chart, but um that's what I'm"}, {"start": "00:20:07", "end": "00:20:11", "text": "saying right there is is it's clearly in"}, {"start": "00:20:09", "end": "00:20:13", "text": "a bull trend. Higher highs and higher"}, {"start": "00:20:11", "end": "00:20:14", "text": "lows. Um we do have a sell signal on the"}, {"start": "00:20:13", "end": "00:20:16", "text": "daily chart, but not up on the weekly"}, {"start": "00:20:14", "end": "00:20:18", "text": "chart. And in a bullish trend, sell"}, {"start": "00:20:16", "end": "00:20:19", "text": "signals are are just healthy"}, {"start": "00:20:18", "end": "00:20:22", "text": "corrections, healthy pullbacks. They"}, {"start": "00:20:19", "end": "00:20:24", "text": "don't bring lower lows and lower highs,"}, {"start": "00:20:22", "end": "00:20:25", "text": "guaranteed. weekly sell signals. That"}, {"start": "00:20:24", "end": "00:20:26", "text": "would be a different call. That would be"}, {"start": "00:20:25", "end": "00:20:27", "text": "something I would take a lot more"}, {"start": "00:20:26", "end": "00:20:29", "text": "seriously."}, {"start": "00:20:27", "end": "00:20:31", "text": ">> It's really the winning chart right now"}, {"start": "00:20:29", "end": "00:20:32", "text": "in crypto. I would say it's the darling"}, {"start": "00:20:31", "end": "00:20:35", "text": "of it."}, {"start": "00:20:32", "end": "00:20:38", "text": ">> If it's barely penetrated, where where"}, {"start": "00:20:35", "end": "00:20:42", "text": "is Hyperlid going to go if Per gets"}, {"start": "00:20:38", "end": "00:20:45", "text": "fully released within Clarity or at"}, {"start": "00:20:42", "end": "00:20:46", "text": "least the SEC kind of getting in a"}, {"start": "00:20:45", "end": "00:20:48", "text": "position where they're going to let this"}, {"start": "00:20:46", "end": "00:20:51", "text": "go through? What would what would be"}, {"start": "00:20:48", "end": "00:20:53", "text": "your your bullcase for he hype? Let's go"}, {"start": "00:20:51", "end": "00:20:56", "text": "with a bull case and a bear or a base"}, {"start": "00:20:53", "end": "00:20:59", "text": "case for Hyperliquid."}, {"start": "00:20:56", "end": "00:21:00", "text": ">> Very man, that's a hard one. Um, I"}, {"start": "00:20:59", "end": "00:21:01", "text": "haven't I haven't thought about the"}, {"start": "00:21:00", "end": "00:21:03", "text": "long-term perspective there. I'd have to"}, {"start": "00:21:01", "end": "00:21:06", "text": "look at some market cap stuff and do"}, {"start": "00:21:03", "end": "00:21:08", "text": "some analysis on that one. I did say to"}, {"start": "00:21:06", "end": "00:21:10", "text": "my community that until the bare until"}, {"start": "00:21:08", "end": "00:21:12", "text": "we confirm a sell on the weekly chart,"}, {"start": "00:21:10", "end": "00:21:14", "text": "my target would be back up towards a"}, {"start": "00:21:12", "end": "00:21:16", "text": "trend of resistance towards almost $80"}, {"start": "00:21:14", "end": "00:21:17", "text": "79. Okay."}, {"start": "00:21:16", "end": "00:21:18", "text": ">> 7950 give or take."}, {"start": "00:21:17", "end": "00:21:20", "text": ">> All right. So, let's jump over to Ando"}, {"start": "00:21:18", "end": "00:21:22", "text": "real quick. Uh you had the founder of"}, {"start": "00:21:20", "end": "00:21:24", "text": "Ando, Nathan Almond, he passed away at"}, {"start": "00:21:22", "end": "00:21:24", "text": "the age of 32."}, {"start": "00:21:24", "end": "00:21:26", "text": ">> Yeah."}, {"start": "00:21:24", "end": "00:21:29", "text": ">> Uh ando"}, {"start": "00:21:26", "end": "00:21:31", "text": "gets dumped. Um this is pretty sad"}, {"start": "00:21:29", "end": "00:21:33", "text": "because we we actually were going to"}, {"start": "00:21:31", "end": "00:21:36", "text": "have the Ando team on before this"}, {"start": "00:21:33", "end": "00:21:39", "text": "happened and when the terrible news hit,"}, {"start": "00:21:36", "end": "00:21:42", "text": "of course gets nailed. Um do you think"}, {"start": "00:21:39", "end": "00:21:45", "text": "this is just the community kind of in a"}, {"start": "00:21:42", "end": "00:21:46", "text": "position of god this is terrible for a"}, {"start": "00:21:45", "end": "00:21:48", "text": "chain when you have a major founder in"}, {"start": "00:21:46", "end": "00:21:50", "text": "there? Do you think it can can bounce"}, {"start": "00:21:48", "end": "00:21:52", "text": "back as an asset?"}, {"start": "00:21:50", "end": "00:21:54", "text": ">> Well, let's start off with the fact that"}, {"start": "00:21:52", "end": "00:21:55", "text": "it's not really collapsing that hard at"}, {"start": "00:21:54", "end": "00:21:57", "text": "the moment. I mean, you can say it's"}, {"start": "00:21:55", "end": "00:21:59", "text": "down from where it was the other day and"}, {"start": "00:21:57", "end": "00:22:00", "text": "and you zoom in here, but all things"}, {"start": "00:21:59", "end": "00:22:02", "text": "considered compared to the rest of the"}, {"start": "00:22:00", "end": "00:22:04", "text": "crypto space. It's actually technically"}, {"start": "00:22:02", "end": "00:22:06", "text": "still in a bullish trend. Yeah, I I had"}, {"start": "00:22:04", "end": "00:22:08", "text": "a support level that I actually had this"}, {"start": "00:22:06", "end": "00:22:11", "text": "level back up here when we first crossed"}, {"start": "00:22:08", "end": "00:22:14", "text": "above like 47 almost 48 cents uh back"}, {"start": "00:22:11", "end": "00:22:16", "text": "here in on May 9th. I said, \"Okay, line"}, {"start": "00:22:14", "end": "00:22:17", "text": "in the sand support-wise right now, this"}, {"start": "00:22:16", "end": "00:22:20", "text": "yellow line right here, 33 cents. If we"}, {"start": "00:22:17", "end": "00:22:22", "text": "can maintain above 33 cents, there's no"}, {"start": "00:22:20", "end": "00:22:24", "text": "reason to be freaking out about.\" And"}, {"start": "00:22:22", "end": "00:22:25", "text": "you can see, sure enough, we bounced"}, {"start": "00:22:24", "end": "00:22:27", "text": "almost perfectly on the line I had"}, {"start": "00:22:25", "end": "00:22:29", "text": "drawn. Now, we came up and put in a"}, {"start": "00:22:27", "end": "00:22:31", "text": "slightly lower high. So, I'm interested"}, {"start": "00:22:29", "end": "00:22:32", "text": "to see what this looks like going"}, {"start": "00:22:31", "end": "00:22:34", "text": "forward, but we're still above this"}, {"start": "00:22:32", "end": "00:22:36", "text": "level overall. So, I'm not freaking out"}, {"start": "00:22:34", "end": "00:22:38", "text": "about just yet. If there was this real"}, {"start": "00:22:36", "end": "00:22:40", "text": "panic, then I think it would be dropping"}, {"start": "00:22:38", "end": "00:22:42", "text": "a lot faster, more furiously than it is"}, {"start": "00:22:40", "end": "00:22:44", "text": "now. If it starts to lose some"}, {"start": "00:22:42", "end": "00:22:46", "text": "partnerships, if some of the people that"}, {"start": "00:22:44", "end": "00:22:47", "text": "have have worked with it start to say,"}, {"start": "00:22:46", "end": "00:22:48", "text": "you know, we want to work with a"}, {"start": "00:22:47", "end": "00:22:50", "text": "different real world asset project"}, {"start": "00:22:48", "end": "00:22:52", "text": "instead, then I would start to be"}, {"start": "00:22:50", "end": "00:22:52", "text": "concerned about Ando."}, {"start": "00:22:52", "end": "00:22:55", "text": ">> Yeah."}, {"start": "00:22:52", "end": "00:22:58", "text": ">> Um, what I'm what I'll say about the the"}, {"start": "00:22:55", "end": "00:22:59", "text": "the very tragic and sad news of Almond"}, {"start": "00:22:58", "end": "00:23:03", "text": "is"}, {"start": "00:22:59", "end": "00:23:04", "text": ">> it looks or appears like he built a team"}, {"start": "00:23:03", "end": "00:23:05", "text": "that even though he might have been a"}, {"start": "00:23:04", "end": "00:23:06", "text": "lot of the brain behind the operations,"}, {"start": "00:23:05", "end": "00:23:08", "text": "he had a good team around him who's"}, {"start": "00:23:06", "end": "00:23:11", "text": "going to be able to continue to do what"}, {"start": "00:23:08", "end": "00:23:12", "text": "he first thought would happen. So, I I'm"}, {"start": "00:23:11", "end": "00:23:15", "text": "going to I'm going to default to trust"}, {"start": "00:23:12", "end": "00:23:16", "text": "in the team he leaves behind. To say is"}, {"start": "00:23:15", "end": "00:23:18", "text": "still special. They still have all these"}, {"start": "00:23:16", "end": "00:23:19", "text": "relationships. I still think they can do"}, {"start": "00:23:18", "end": "00:23:20", "text": "well."}, {"start": "00:23:19", "end": "00:23:22", "text": ">> If it starts to go south though with"}, {"start": "00:23:20", "end": "00:23:24", "text": "those partnerships, I'll change my mind."}, {"start": "00:23:22", "end": "00:23:26", "text": "Uh the sad news about the the the death"}, {"start": "00:23:24", "end": "00:23:27", "text": "though, I I will say, and I told our"}, {"start": "00:23:26", "end": "00:23:28", "text": "community this, and I'm not going to say"}, {"start": "00:23:27", "end": "00:23:30", "text": "it on the channel because I don't want"}, {"start": "00:23:28", "end": "00:23:32", "text": "YouTube to get problems. But if there"}, {"start": "00:23:30", "end": "00:23:33", "text": "was a if it was a car accident or a"}, {"start": "00:23:32", "end": "00:23:35", "text": "health related thing, they usually tell"}, {"start": "00:23:33", "end": "00:23:38", "text": "people it was a tragic accident they"}, {"start": "00:23:35", "end": "00:23:40", "text": "tell people. There's two types of deaths"}, {"start": "00:23:38", "end": "00:23:41", "text": "that they usually don't release details"}, {"start": "00:23:40", "end": "00:23:43", "text": "on. And I'll let people kind of think"}, {"start": "00:23:41", "end": "00:23:44", "text": "for themselves what those two types of"}, {"start": "00:23:43", "end": "00:23:48", "text": "deaths are. So it will be interesting"}, {"start": "00:23:44", "end": "00:23:49", "text": "even on that note what comes out"}, {"start": "00:23:48", "end": "00:23:51", "text": "if it ever comes out. I think my my one"}, {"start": "00:23:49", "end": "00:23:53", "text": "of my business partners is telling me"}, {"start": "00:23:51", "end": "00:23:56", "text": "some people remember Plume's founder"}, {"start": "00:23:53", "end": "00:23:59", "text": "died last year and we still don't know"}, {"start": "00:23:56", "end": "00:24:01", "text": "exactly why he died. So, uh, will we"}, {"start": "00:23:59", "end": "00:24:03", "text": "ever find out? I don't know. But at the"}, {"start": "00:24:01", "end": "00:24:05", "text": "moment, back to the price action itself,"}, {"start": "00:24:03", "end": "00:24:06", "text": "I'm going to continue to trust Ono and"}, {"start": "00:24:05", "end": "00:24:08", "text": "the Ono team until they give me a good"}, {"start": "00:24:06", "end": "00:24:11", "text": "reason not to."}, {"start": "00:24:08", "end": "00:24:14", "text": ">> Let's take a look at Okay, so um, when"}, {"start": "00:24:11", "end": "00:24:16", "text": "you think about where Andondo is as a a"}, {"start": "00:24:14", "end": "00:24:18", "text": "token, you look at really the innovation"}, {"start": "00:24:16", "end": "00:24:20", "text": "that Ando has really brought forward,"}, {"start": "00:24:18", "end": "00:24:23", "text": "you kind of have to leap forward and go,"}, {"start": "00:24:20", "end": "00:24:25", "text": "all right, what other major innovations"}, {"start": "00:24:23", "end": "00:24:27", "text": "are underway out there? Because if you"}, {"start": "00:24:25", "end": "00:24:31", "text": "you look at Agentic Trading, Robin Hood"}, {"start": "00:24:27", "end": "00:24:33", "text": "launched Agentic Trading uh and an"}, {"start": "00:24:31", "end": "00:24:36", "text": "Agentic credit card. So, this is going"}, {"start": "00:24:33", "end": "00:24:38", "text": "to let AI agents uh basically to use"}, {"start": "00:24:36", "end": "00:24:39", "text": "Robin Hood through MCP servers. It's"}, {"start": "00:24:38", "end": "00:24:41", "text": "talking about it here in the tweet."}, {"start": "00:24:39", "end": "00:24:43", "text": "You're going to have a Gentic trading as"}, {"start": "00:24:41", "end": "00:24:47", "text": "a separate account. So, you can utilize"}, {"start": "00:24:43", "end": "00:24:50", "text": "it there. I just wonder if Robin Hood"}, {"start": "00:24:47", "end": "00:24:52", "text": "has advanced fast enough, will would you"}, {"start": "00:24:50", "end": "00:24:54", "text": "allow this if I mean, you're a trader."}, {"start": "00:24:52", "end": "00:24:56", "text": "Would you let Agentic Trading work in"}, {"start": "00:24:54", "end": "00:24:57", "text": "your account? Even if it was a separate"}, {"start": "00:24:56", "end": "00:24:58", "text": "account"}, {"start": "00:24:57", "end": "00:25:01", "text": ">> and you'd let it run."}, {"start": "00:24:58", "end": "00:25:03", "text": ">> I I I will someday. I'm not trusting the"}, {"start": "00:25:01", "end": "00:25:06", "text": "first couple models. I still think at"}, {"start": "00:25:03", "end": "00:25:09", "text": "the moment a good human mind is a better"}, {"start": "00:25:06", "end": "00:25:10", "text": "trader than AI. Um that might not be the"}, {"start": "00:25:09", "end": "00:25:12", "text": "case long term. I don't know. We'll have"}, {"start": "00:25:10", "end": "00:25:13", "text": "to kind of see how this develops because"}, {"start": "00:25:12", "end": "00:25:15", "text": "the problem is once you start getting"}, {"start": "00:25:13", "end": "00:25:17", "text": "everything trading AI and all the"}, {"start": "00:25:15", "end": "00:25:18", "text": "algorithms are just working well now all"}, {"start": "00:25:17", "end": "00:25:19", "text": "of a sudden someone's going to create an"}, {"start": "00:25:18", "end": "00:25:21", "text": "algorithm to come in and disrupt the"}, {"start": "00:25:19", "end": "00:25:22", "text": "other algorithms so that they win and"}, {"start": "00:25:21", "end": "00:25:23", "text": "the others lose."}, {"start": "00:25:22", "end": "00:25:24", "text": ">> So I think there's always going to be a"}, {"start": "00:25:23", "end": "00:25:27", "text": "time period. I think there's always"}, {"start": "00:25:24", "end": "00:25:29", "text": "going to be a way to say"}, {"start": "00:25:27", "end": "00:25:33", "text": ">> human brains this is what's so crazy"}, {"start": "00:25:29", "end": "00:25:34", "text": "Paul human brains are still scientists"}, {"start": "00:25:33", "end": "00:25:37", "text": "can't explain the way our brains work"}, {"start": "00:25:34", "end": "00:25:38", "text": "the way they work. AI is brilliant. I I"}, {"start": "00:25:37", "end": "00:25:41", "text": "incorporate AI into my work every single"}, {"start": "00:25:38", "end": "00:25:43", "text": "day, but it still is nothing compared to"}, {"start": "00:25:41", "end": "00:25:45", "text": "a human brain. So, as much as I'm"}, {"start": "00:25:43", "end": "00:25:47", "text": "excited about AI and and I want to"}, {"start": "00:25:45", "end": "00:25:50", "text": "incorporate it into my financial"}, {"start": "00:25:47", "end": "00:25:51", "text": "journey, I'm not going to just blindly"}, {"start": "00:25:50", "end": "00:25:53", "text": "trust it and turn off my human brain"}, {"start": "00:25:51", "end": "00:25:55", "text": "either. And I think going forward, it's"}, {"start": "00:25:53", "end": "00:25:57", "text": "going to be very important that people"}, {"start": "00:25:55", "end": "00:25:59", "text": "don't just default to AI for trading,"}, {"start": "00:25:57", "end": "00:26:01", "text": "default to AI for investing, and they"}, {"start": "00:25:59", "end": "00:26:02", "text": "still try to learn and process it all"}, {"start": "00:26:01", "end": "00:26:03", "text": "themselves."}, {"start": "00:26:02", "end": "00:26:06", "text": ">> All right. Well, let's take a look at"}, {"start": "00:26:03", "end": "00:26:08", "text": "Robin Hood uh from a chart standpoint."}, {"start": "00:26:06", "end": "00:26:10", "text": "because people will probably buy this"}, {"start": "00:26:08", "end": "00:26:12", "text": ">> in the sense of understanding that a"}, {"start": "00:26:10", "end": "00:26:14", "text": "gentic if you just stick a gentic on"}, {"start": "00:26:12", "end": "00:26:15", "text": "anything it feels like the chart goes"}, {"start": "00:26:14", "end": "00:26:17", "text": "up."}, {"start": "00:26:15", "end": "00:26:18", "text": ">> Yeah, this is this is one of the assets"}, {"start": "00:26:17", "end": "00:26:20", "text": "actually in the stock world that I've"}, {"start": "00:26:18", "end": "00:26:21", "text": "been accumulating here uh since this"}, {"start": "00:26:20", "end": "00:26:24", "text": "correction down. You know, we had this"}, {"start": "00:26:21", "end": "00:26:25", "text": "call from from weeks ago at this point."}, {"start": "00:26:24", "end": "00:26:27", "text": "I mean at months ago, excuse me,"}, {"start": "00:26:25", "end": "00:26:29", "text": "December, January, we talked about a big"}, {"start": "00:26:27", "end": "00:26:31", "text": "break to the downside. You guys can see"}, {"start": "00:26:29", "end": "00:26:33", "text": "here we had a a target that we had from,"}, {"start": "00:26:31", "end": "00:26:36", "text": "you know, way back in January hit just"}, {"start": "00:26:33", "end": "00:26:38", "text": "perfectly around 64. So, our our"}, {"start": "00:26:36", "end": "00:26:42", "text": "community has been accumulating um Robin"}, {"start": "00:26:38", "end": "00:26:45", "text": "Hood in this area right here between 64"}, {"start": "00:26:42", "end": "00:26:46", "text": "and roughly $76. So, uh as starting to"}, {"start": "00:26:45", "end": "00:26:49", "text": "go back up, I'm very glad. This is good"}, {"start": "00:26:46", "end": "00:26:50", "text": "for my portfolio. I knew it was about"}, {"start": "00:26:49", "end": "00:26:51", "text": "time, you know, I I've been tracking"}, {"start": "00:26:50", "end": "00:26:54", "text": "here that we were starting to get some"}, {"start": "00:26:51", "end": "00:26:57", "text": "buy signals coming back in uh on the on"}, {"start": "00:26:54", "end": "00:26:58", "text": "the daily chart. I think even the weekly"}, {"start": "00:26:57", "end": "00:27:00", "text": "chart, if I'm not wrong, yeah, the"}, {"start": "00:26:58", "end": "00:27:02", "text": "weekly chart recently had some really"}, {"start": "00:27:00", "end": "00:27:04", "text": "bullish stuff happen here. Fresh weekly"}, {"start": "00:27:02", "end": "00:27:06", "text": "buy signals. The MACD crossed bullish"}, {"start": "00:27:04", "end": "00:27:09", "text": "here recently. All very good signs for"}, {"start": "00:27:06", "end": "00:27:11", "text": "Hood. And and I don't dislike Bass. Like"}, {"start": "00:27:09", "end": "00:27:12", "text": "I I don't say what don't take what I'm"}, {"start": "00:27:11", "end": "00:27:15", "text": "about to say as being like nobody should"}, {"start": "00:27:12", "end": "00:27:17", "text": "invest in Coinbase or Co. I said Bass, I"}, {"start": "00:27:15", "end": "00:27:19", "text": "meant coin. No one should coin."}, {"start": "00:27:17", "end": "00:27:20", "text": ">> But but I kind of came to a place when I"}, {"start": "00:27:19", "end": "00:27:22", "text": "was building my new portfolio with"}, {"start": "00:27:20", "end": "00:27:23", "text": "crypto and stocks. And I wanted to only"}, {"start": "00:27:22", "end": "00:27:26", "text": "choose five stocks for this new"}, {"start": "00:27:23", "end": "00:27:28", "text": "portfolio. And it came down to Shyo Coin"}, {"start": "00:27:26", "end": "00:27:30", "text": "or Hood."}, {"start": "00:27:28", "end": "00:27:32", "text": "After all of the TA and the data I was"}, {"start": "00:27:30", "end": "00:27:33", "text": "going through, I just I came to"}, {"start": "00:27:32", "end": "00:27:36", "text": "conclusion I think that Hood is the"}, {"start": "00:27:33", "end": "00:27:37", "text": "better play than Coin. And that doesn't"}, {"start": "00:27:36", "end": "00:27:38", "text": "mean Coin's not going to do well. That"}, {"start": "00:27:37", "end": "00:27:40", "text": "doesn't mean Coin's not worth people's"}, {"start": "00:27:38", "end": "00:27:43", "text": "investments, but I came to my personal"}, {"start": "00:27:40", "end": "00:27:45", "text": "conclusion. I would rather hold Hood"}, {"start": "00:27:43", "end": "00:27:45", "text": "than Coin. And we'll see if I'm right or"}, {"start": "00:27:45", "end": "00:27:49", "text": "not."}, {"start": "00:27:45", "end": "00:27:51", "text": ">> All right. Well, it's down 46%"}, {"start": "00:27:49", "end": "00:27:54", "text": "from last October. So, if you are going"}, {"start": "00:27:51", "end": "00:27:55", "text": "to get into it, even though the last day"}, {"start": "00:27:54", "end": "00:27:57", "text": "or so, again, I think because of some of"}, {"start": "00:27:55", "end": "00:27:59", "text": "these announcements that they're making,"}, {"start": "00:27:57", "end": "00:28:02", "text": "it's had a nice little move up to 82,"}, {"start": "00:27:59", "end": "00:28:03", "text": "but yeah, still down 46% really if you"}, {"start": "00:28:02", "end": "00:28:05", "text": "look at it."}, {"start": "00:28:03", "end": "00:28:07", "text": ">> Um, so it might be a good time, might be"}, {"start": "00:28:05", "end": "00:28:09", "text": "a good time to try to accumulate some of"}, {"start": "00:28:07", "end": "00:28:11", "text": "Robin Hood. All right, you guys know"}, {"start": "00:28:09", "end": "00:28:13", "text": "what to do. Check out Tim's channel over"}, {"start": "00:28:11", "end": "00:28:16", "text": "there. It's Tim Warren Trades on"}, {"start": "00:28:13", "end": "00:28:18", "text": "YouTube. Uh, doing a great job uh"}, {"start": "00:28:16", "end": "00:28:20", "text": "hitting on a few things on this. Let's"}, {"start": "00:28:18", "end": "00:28:22", "text": "go to your videos right there. Should I"}, {"start": "00:28:20", "end": "00:28:24", "text": "sell? And that's talking about Ono."}, {"start": "00:28:22", "end": "00:28:26", "text": ">> I like that one. Uh, and of course,"}, {"start": "00:28:24", "end": "00:28:27", "text": "Bitcoin updates all the time. How many"}, {"start": "00:28:26", "end": "00:28:28", "text": "videos are you guys dropping a day? Is"}, {"start": "00:28:27", "end": "00:28:30", "text": "it one a day?"}, {"start": "00:28:28", "end": "00:28:32", "text": ">> It depends. There's certain days we put"}, {"start": "00:28:30", "end": "00:28:33", "text": "out two. We're doing We're going live"}, {"start": "00:28:32", "end": "00:28:36", "text": "every single day at 3 p.m. Eastern"}, {"start": "00:28:33", "end": "00:28:39", "text": "Standard Time to cover news and charts."}, {"start": "00:28:36", "end": "00:28:42", "text": "And then I I I used to do another video"}, {"start": "00:28:39", "end": "00:28:43", "text": "per day, but I've really been I've"}, {"start": "00:28:42", "end": "00:28:44", "text": "really kind of come back and said, you"}, {"start": "00:28:43", "end": "00:28:47", "text": "know what? I'm not going to put out a"}, {"start": "00:28:44", "end": "00:28:48", "text": "hundred different videos that some of"}, {"start": "00:28:47", "end": "00:28:50", "text": "them are good and some of bad. We're"}, {"start": "00:28:48", "end": "00:28:52", "text": "going for quality over quantity now. So,"}, {"start": "00:28:50", "end": "00:28:53", "text": "if I don't have a good video to put out,"}, {"start": "00:28:52", "end": "00:28:55", "text": "I'll just skip that day. If I have a"}, {"start": "00:28:53", "end": "00:28:56", "text": "good video to put out, we're putting"}, {"start": "00:28:55", "end": "00:28:58", "text": "something out that day."}, {"start": "00:28:56", "end": "00:28:59", "text": ">> There you go, my man. Check it out, Tim."}, {"start": "00:28:58", "end": "00:29:00", "text": "Thanks a lot for stopping in today. We"}, {"start": "00:28:59", "end": "00:29:04", "text": "appreciate it."}, {"start": "00:29:00", "end": "00:29:04", "text": ">> Absolutely. Thanks for having me, Paul."}, {"start": "00:29:07", "end": "00:29:11", "text": "If you like this video, hit like and"}, {"start": "00:29:09", "end": "00:29:13", "text": "subscribe, drop a comment down below,"}, {"start": "00:29:11", "end": "00:29:18", "text": "and also join our free private member"}, {"start": "00:29:13", "end": "00:29:18", "text": "group. The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Clarity means everything. We're going to"}, {"start": "00:00:02", "end": "00:00:06", "text": "boil it down today. It's clarity stupid."}, {"start": "00:00:04", "end": "00:00:08", "text": "You'll get that in a second. Before I"}, {"start": "00:00:06", "end": "00:00:09", "text": "get into that, I do want to thank our"}, {"start": "00:00:08", "end": "00:00:10", "text": "sponsor and that is Tandem. This is"}, {"start": "00:00:09", "end": "00:00:12", "text": "where you guys can get into"}, {"start": "00:00:10", "end": "00:00:15", "text": "self-custody, lock up some of those"}, {"start": "00:00:12", "end": "00:00:16", "text": "digital assets, and you can do it very"}, {"start": "00:00:15", "end": "00:00:19", "text": "easily. All you have to do is visit"}, {"start": "00:00:16", "end": "00:00:21", "text": "tandem.com. You guys can jump in on the"}, {"start": "00:00:19", "end": "00:00:24", "text": "self-custody craze. And the way to do"}, {"start": "00:00:21", "end": "00:00:25", "text": "that is get the three card set and of"}, {"start": "00:00:24", "end": "00:00:27", "text": "course use our link. It's going to give"}, {"start": "00:00:25", "end": "00:00:31", "text": "you a discount. And our discount works"}, {"start": "00:00:27", "end": "00:00:33", "text": "in tandem with the Tandem discount. So"}, {"start": "00:00:31", "end": "00:00:36", "text": "very easy to set up. Also super secure."}, {"start": "00:00:33", "end": "00:00:38", "text": "So use that. It is the wallet of choice."}, {"start": "00:00:36", "end": "00:00:40", "text": "Uh we'll leave a link down below. All"}, {"start": "00:00:38", "end": "00:00:43", "text": "right, let's get over to a few things"}, {"start": "00:00:40", "end": "00:00:44", "text": "right now. I kind of just top I want"}, {"start": "00:00:43", "end": "00:00:45", "text": "we're going to hit on clarity and I do"}, {"start": "00:00:44", "end": "00:00:47", "text": "want to kind of give you guys some"}, {"start": "00:00:45", "end": "00:00:49", "text": "insights as as to why this might happen."}, {"start": "00:00:47", "end": "00:00:52", "text": "But this was interesting news and it was"}, {"start": "00:00:49", "end": "00:00:54", "text": "really built around Robin Hood doing aic"}, {"start": "00:00:52", "end": "00:00:56", "text": "trading. Now this is going to be rolling"}, {"start": "00:00:54", "end": "00:00:58", "text": "out. It isn't completely live just yet,"}, {"start": "00:00:56", "end": "00:01:00", "text": "but it is something that is rolling out"}, {"start": "00:00:58", "end": "00:01:02", "text": "and I think we're going to see this more"}, {"start": "00:01:00", "end": "00:01:03", "text": "uh quickly than you might think. Here,"}, {"start": "00:01:02", "end": "00:01:05", "text": "guys. The question is whether or not"}, {"start": "00:01:03", "end": "00:01:08", "text": "people will use it. What I do think"}, {"start": "00:01:05", "end": "00:01:11", "text": "people will use is Agentic spending"}, {"start": "00:01:08", "end": "00:01:14", "text": "rules. And this is live now where you"}, {"start": "00:01:11", "end": "00:01:17", "text": "can use your Robin Hole gold card, your"}, {"start": "00:01:14", "end": "00:01:19", "text": "credit card, and set all sorts of"}, {"start": "00:01:17", "end": "00:01:21", "text": "spending rules, possibly do things that"}, {"start": "00:01:19", "end": "00:01:23", "text": "you absolutely hate doing, re, you know,"}, {"start": "00:01:21", "end": "00:01:25", "text": "cancelling subscriptions, doing stuff"}, {"start": "00:01:23", "end": "00:01:27", "text": "you don't necessarily like online where"}, {"start": "00:01:25", "end": "00:01:29", "text": "you got to track down the right thing."}, {"start": "00:01:27", "end": "00:01:30", "text": "Give it the rules. And of course, this"}, {"start": "00:01:29", "end": "00:01:33", "text": "will be interesting to see how quickly"}, {"start": "00:01:30", "end": "00:01:35", "text": "this advances. And of course, if it"}, {"start": "00:01:33", "end": "00:01:37", "text": "does, then could be good for Robin Hood,"}, {"start": "00:01:35", "end": "00:01:38", "text": "including the Robin Hood stock. Vlad"}, {"start": "00:01:37", "end": "00:01:41", "text": "kind of hits on it right here. Quick"}, {"start": "00:01:38", "end": "00:01:43", "text": "update on agents trading still rolling"}, {"start": "00:01:41", "end": "00:01:45", "text": "out. If you see an error, uh it's coming"}, {"start": "00:01:43", "end": "00:01:47", "text": "soon. Aentic credit cards though are"}, {"start": "00:01:45", "end": "00:01:50", "text": "live for everyone. Now, I'm going to"}, {"start": "00:01:47", "end": "00:01:53", "text": "test this out and see if I like it"}, {"start": "00:01:50", "end": "00:01:56", "text": "because I I I'm still pending on whether"}, {"start": "00:01:53", "end": "00:01:57", "text": "or not this is going to be a factor. One"}, {"start": "00:01:56", "end": "00:01:59", "text": "other thing to talk about is uh what"}, {"start": "00:01:57", "end": "00:02:00", "text": "we're going to see around Ethereum."}, {"start": "00:01:59", "end": "00:02:04", "text": "Standard charter compares Ethereum to"}, {"start": "00:02:00", "end": "00:02:06", "text": "Amazon during the 20 2001bomb"}, {"start": "00:02:04", "end": "00:02:08", "text": "bubble burst. Says ETH will catch up to"}, {"start": "00:02:06", "end": "00:02:10", "text": "internal metrics. I just want you guys"}, {"start": "00:02:08", "end": "00:02:12", "text": "to remember and I'll zoom in on a few"}, {"start": "00:02:10", "end": "00:02:14", "text": "things here. This is the current piece."}, {"start": "00:02:12", "end": "00:02:19", "text": "Standard Charter maintained its Ether"}, {"start": "00:02:14", "end": "00:02:22", "text": "price targets of 4K by 2026 and 40,000"}, {"start": "00:02:19", "end": "00:02:24", "text": "by 2030. So ETH is going to have to"}, {"start": "00:02:22", "end": "00:02:28", "text": "double this year. And you have to"}, {"start": "00:02:24", "end": "00:02:31", "text": "remember they also had a $100,000 ETH"}, {"start": "00:02:28", "end": "00:02:33", "text": "price target as well. So back in 2021."}, {"start": "00:02:31", "end": "00:02:37", "text": "So there's been a lot of deviation and a"}, {"start": "00:02:33", "end": "00:02:39", "text": "lot of uh ex exploding of ideas and"}, {"start": "00:02:37", "end": "00:02:42", "text": "predictions but I think it all boils"}, {"start": "00:02:39", "end": "00:02:44", "text": "down to clarity. It's the only thing"}, {"start": "00:02:42", "end": "00:02:46", "text": "that really is going to matter. It is"}, {"start": "00:02:44", "end": "00:02:47", "text": "clarity stupid. Here of course is"}, {"start": "00:02:46", "end": "00:02:50", "text": "standard charter talking about it."}, {"start": "00:02:47", "end": "00:02:54", "text": "Furthermore about stable coins going to"}, {"start": "00:02:50", "end": "00:02:56", "text": "a $750 billion market size. Okay now"}, {"start": "00:02:54", "end": "00:02:58", "text": "think about that for a second. I'll show"}, {"start": "00:02:56", "end": "00:03:00", "text": "you the current market right there. You"}, {"start": "00:02:58", "end": "00:03:03", "text": "can see it. 320 billion. So, you'd have"}, {"start": "00:03:00", "end": "00:03:04", "text": "to go to 750. That's over double by the"}, {"start": "00:03:03", "end": "00:03:06", "text": "end of the year. What are these guys"}, {"start": "00:03:04", "end": "00:03:08", "text": "smoking? I just want to know. This is"}, {"start": "00:03:06", "end": "00:03:12", "text": "This is stuff I just don't understand"}, {"start": "00:03:08", "end": "00:03:14", "text": "how these uh crazy predictions are being"}, {"start": "00:03:12", "end": "00:03:16", "text": "put out there. Remember Kathy Wood? Uh"}, {"start": "00:03:14", "end": "00:03:20", "text": "this was Arc Investment expecting Ether"}, {"start": "00:03:16", "end": "00:03:23", "text": "to soar over 7,000% and hit a 20"}, {"start": "00:03:20", "end": "00:03:24", "text": "trillion market cap by 2030. I don't"}, {"start": "00:03:23", "end": "00:03:26", "text": "think anybody is really looking at those"}, {"start": "00:03:24", "end": "00:03:30", "text": "kind of numbers right now, especially"}, {"start": "00:03:26", "end": "00:03:32", "text": "with the clarity fatigue that we are all"}, {"start": "00:03:30", "end": "00:03:35", "text": "dealing with right now. And I do believe"}, {"start": "00:03:32", "end": "00:03:37", "text": "this is all centered around clarity."}, {"start": "00:03:35", "end": "00:03:40", "text": "Now, whether it goes through and gets"}, {"start": "00:03:37", "end": "00:03:42", "text": "done or whether this gets delayed, it's"}, {"start": "00:03:40", "end": "00:03:44", "text": "used as a political pawn. All of this"}, {"start": "00:03:42", "end": "00:03:47", "text": "could play into it. Uh, and I think it's"}, {"start": "00:03:44", "end": "00:03:49", "text": "a big one. Now, there are many pundits"}, {"start": "00:03:47", "end": "00:03:51", "text": "out there that have changed their"}, {"start": "00:03:49", "end": "00:03:54", "text": "position a little bit on how to play"}, {"start": "00:03:51", "end": "00:03:56", "text": "these markets. Here is Ral Pal talking"}, {"start": "00:03:54", "end": "00:03:59", "text": "about that. Take a look. I [�__�] it up"}, {"start": "00:03:56", "end": "00:04:02", "text": "many, many ways. You see, I got into"}, {"start": "00:03:59", "end": "00:04:06", "text": "crypto back in 2013 and bought Bitcoin"}, {"start": "00:04:02", "end": "00:04:08", "text": "at $200. I bought into this peak. It"}, {"start": "00:04:06", "end": "00:04:10", "text": "then slammed down and I was like, \"Oh,"}, {"start": "00:04:08", "end": "00:04:13", "text": "I'm an idiot. Over the next 10 years is"}, {"start": "00:04:10", "end": "00:04:15", "text": "probably worth $100,000.\" Now, that"}, {"start": "00:04:13", "end": "00:04:18", "text": "worked out to be pretty correct. But the"}, {"start": "00:04:15", "end": "00:04:21", "text": "journey is the story. I in fact sold at"}, {"start": "00:04:18", "end": "00:04:24", "text": "$2,000. Why did I sell? Well, it was"}, {"start": "00:04:21", "end": "00:04:25", "text": "FUD. It went up another 10x. I tried to"}, {"start": "00:04:24", "end": "00:04:29", "text": "pretend I didn't feel like a [�__�] but"}, {"start": "00:04:25", "end": "00:04:31", "text": "I did. And I bought back in in COVID."}, {"start": "00:04:29", "end": "00:04:33", "text": "Stupidly, the market was down 50% in a"}, {"start": "00:04:31", "end": "00:04:35", "text": "day. And when I did the maths, I stuck"}, {"start": "00:04:33", "end": "00:04:37", "text": "in 200 grand when I first did it. That"}, {"start": "00:04:35", "end": "00:04:40", "text": "was a decent bet. It would have been"}, {"start": "00:04:37", "end": "00:04:42", "text": "worth a hundred million if I hadn't done"}, {"start": "00:04:40", "end": "00:04:45", "text": "anything. Proof that I am a total idiot."}, {"start": "00:04:42", "end": "00:04:48", "text": "I totally [�__�] it up. It would have"}, {"start": "00:04:45", "end": "00:04:50", "text": "been just better to buy and hold it."}, {"start": "00:04:48", "end": "00:04:52", "text": ">> All right. So, you can kind of look at"}, {"start": "00:04:50", "end": "00:04:53", "text": "long-term plays. And if many of you, and"}, {"start": "00:04:52", "end": "00:04:55", "text": "this is not financial advice, but if"}, {"start": "00:04:53", "end": "00:04:57", "text": "many of you are trying to figure out"}, {"start": "00:04:55", "end": "00:05:01", "text": "long-term, meaning 5 10 years down the"}, {"start": "00:04:57", "end": "00:05:04", "text": "road, really kind of tying into some"}, {"start": "00:05:01", "end": "00:05:06", "text": "sort of narrative and then just owning"}, {"start": "00:05:04", "end": "00:05:08", "text": "it for that period of time. But it's"}, {"start": "00:05:06", "end": "00:05:11", "text": "hard to do that. And I think the biggest"}, {"start": "00:05:08", "end": "00:05:13", "text": "thing that is really holding this market"}, {"start": "00:05:11", "end": "00:05:16", "text": "back right now has been clarity. Look at"}, {"start": "00:05:13", "end": "00:05:18", "text": "this chart right here. This is clarity"}, {"start": "00:05:16", "end": "00:05:20", "text": "over the last year in terms of the"}, {"start": "00:05:18", "end": "00:05:21", "text": "probability. The polyarket chart, if you"}, {"start": "00:05:20", "end": "00:05:24", "text": "guys are listening on the podcast,"}, {"start": "00:05:21", "end": "00:05:26", "text": "clarity act signed into law in 2026."}, {"start": "00:05:24", "end": "00:05:30", "text": "Probability, it has pretty much done"}, {"start": "00:05:26", "end": "00:05:31", "text": "nothing but sideways chop right there."}, {"start": "00:05:30", "end": "00:05:34", "text": "You can see it all the way. and we're"}, {"start": "00:05:31", "end": "00:05:37", "text": "holding right now at 56% chance, which"}, {"start": "00:05:34", "end": "00:05:39", "text": "is down considerably from where it was"}, {"start": "00:05:37", "end": "00:05:42", "text": "just a couple of weeks ago. So again,"}, {"start": "00:05:39", "end": "00:05:44", "text": "this gets back into the whole issue that"}, {"start": "00:05:42", "end": "00:05:45", "text": "it is clarity I think that holds these"}, {"start": "00:05:44", "end": "00:05:47", "text": "markets back if you look at where"}, {"start": "00:05:45", "end": "00:05:48", "text": "Bitcoin is. Whether or not we see a"}, {"start": "00:05:47", "end": "00:05:51", "text": "pullback in the traditional markets is"}, {"start": "00:05:48", "end": "00:05:54", "text": "still up for grabs, but I think this has"}, {"start": "00:05:51", "end": "00:05:55", "text": "to go through for us to see risk assets"}, {"start": "00:05:54", "end": "00:05:58", "text": "starting to move forward. All right. So"}, {"start": "00:05:55", "end": "00:06:00", "text": "to compare the need for clarity and why"}, {"start": "00:05:58", "end": "00:06:02", "text": "this aligns quickly just look at"}, {"start": "00:06:00", "end": "00:06:07", "text": "history. This is the telecommunications"}, {"start": "00:06:02", "end": "00:06:10", "text": "act of 1996 very similar in terms of"}, {"start": "00:06:07", "end": "00:06:13", "text": "innovation on our industries to what's"}, {"start": "00:06:10", "end": "00:06:15", "text": "happening here in clarity. And what they"}, {"start": "00:06:13", "end": "00:06:18", "text": "did was they released this act along"}, {"start": "00:06:15", "end": "00:06:20", "text": "with right after it a tax act that"}, {"start": "00:06:18", "end": "00:06:22", "text": "happened and that was the internet tax"}, {"start": "00:06:20", "end": "00:06:25", "text": "freedom that also occurred. When you"}, {"start": "00:06:22", "end": "00:06:28", "text": "look at that and this was 1998 so right"}, {"start": "00:06:25", "end": "00:06:30", "text": "after it we get what is equivalent to a"}, {"start": "00:06:28", "end": "00:06:33", "text": "clarity then of course a tax act. One"}, {"start": "00:06:30", "end": "00:06:35", "text": "other similarity is what happened in"}, {"start": "00:06:33", "end": "00:06:38", "text": "2013. This of course was Fininsson's"}, {"start": "00:06:35", "end": "00:06:40", "text": "regulation on virtual currencies."}, {"start": "00:06:38", "end": "00:06:43", "text": "Immediately after that we had another"}, {"start": "00:06:40", "end": "00:06:45", "text": "tax regulatory alignment and what this"}, {"start": "00:06:43", "end": "00:06:49", "text": "was what it took was virtual currency"}, {"start": "00:06:45", "end": "00:06:51", "text": "and made these assets property. So at"}, {"start": "00:06:49", "end": "00:06:53", "text": "that timing, that's essentially what"}, {"start": "00:06:51", "end": "00:06:55", "text": "Ronald Paul was talking about and that"}, {"start": "00:06:53", "end": "00:06:58", "text": "was the explosion of Bitcoin. One other"}, {"start": "00:06:55", "end": "00:07:00", "text": "thing to kind of compare to is uh if you"}, {"start": "00:06:58", "end": "00:07:02", "text": "kind of look at what happened in the EU"}, {"start": "00:07:00", "end": "00:07:04", "text": "with MA, we did a video on this uh"}, {"start": "00:07:02", "end": "00:07:06", "text": "almost three years ago. This was in"}, {"start": "00:07:04", "end": "00:07:08", "text": "reference to the EU crypto bill passing."}, {"start": "00:07:06", "end": "00:07:10", "text": "Remember Robin Hood moved a lot of their"}, {"start": "00:07:08", "end": "00:07:13", "text": "structure of what they were trying to do"}, {"start": "00:07:10", "end": "00:07:14", "text": "as growing inside the EU. And if you"}, {"start": "00:07:13", "end": "00:07:17", "text": "look at the timing on this, it's kind of"}, {"start": "00:07:14", "end": "00:07:19", "text": "interesting because this is the timeline"}, {"start": "00:07:17", "end": "00:07:21", "text": "that Mika started to occur. Regulatory"}, {"start": "00:07:19", "end": "00:07:24", "text": "alignment and of course right there is"}, {"start": "00:07:21", "end": "00:07:27", "text": "Bitcoin bottoming out right there into"}, {"start": "00:07:24", "end": "00:07:30", "text": "January of 23. Right there is uh April"}, {"start": "00:07:27", "end": "00:07:32", "text": "of 23 starts to climb and then of course"}, {"start": "00:07:30", "end": "00:07:35", "text": "as you guys know that's when we see"}, {"start": "00:07:32", "end": "00:07:37", "text": "Bitcoin going straight up to its"}, {"start": "00:07:35", "end": "00:07:40", "text": "all-time high. So is that kind of the"}, {"start": "00:07:37", "end": "00:07:42", "text": "issue right now? Clarity is required."}, {"start": "00:07:40", "end": "00:07:45", "text": "This is what happens after you get"}, {"start": "00:07:42", "end": "00:07:47", "text": "clarity. Then you get tax reform that"}, {"start": "00:07:45", "end": "00:07:49", "text": "comes in on it which remember we are"}, {"start": "00:07:47", "end": "00:07:52", "text": "going to see a tax bill come in"}, {"start": "00:07:49", "end": "00:07:54", "text": "immediately I believe after clarity is"}, {"start": "00:07:52", "end": "00:07:57", "text": "passed. When that occurs now you've got"}, {"start": "00:07:54", "end": "00:07:59", "text": "the framework fully in place for a"}, {"start": "00:07:57", "end": "00:08:02", "text": "market recovery. That is where we think"}, {"start": "00:07:59", "end": "00:08:04", "text": "it's coming. So is clarity stupid? Yes."}, {"start": "00:08:02", "end": "00:08:05", "text": "You guys get the pun hopefully. Now"}, {"start": "00:08:04", "end": "00:08:09", "text": "we're going to cover this and a lot more"}, {"start": "00:08:05", "end": "00:08:09", "text": "because things are getting hot."}, {"start": "00:08:14", "end": "00:08:18", "text": "If you like this video, hit like and"}, {"start": "00:08:15", "end": "00:08:20", "text": "subscribe. Drop a comment down below and"}, {"start": "00:08:18", "end": "00:08:24", "text": "also join our free private member group."}, {"start": "00:08:20", "end": "00:08:24", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "clarity could be in jeopardy. Today,"}, {"start": "00:00:02", "end": "00:00:05", "text": "we're going to be breaking that down for"}, {"start": "00:00:03", "end": "00:00:08", "text": "you because there might be a spin on"}, {"start": "00:00:05", "end": "00:00:10", "text": "this, playing out in a lot of these"}, {"start": "00:00:08", "end": "00:00:12", "text": "races right now in terms of where the"}, {"start": "00:00:10", "end": "00:00:13", "text": "market is going to be going. We'll break"}, {"start": "00:00:12", "end": "00:00:15", "text": "it all down for you. I've got some stuff"}, {"start": "00:00:13", "end": "00:00:16", "text": "that you guys don't want to miss. Let's"}, {"start": "00:00:15", "end": "00:00:19", "text": "get started. You've probably heard me"}, {"start": "00:00:16", "end": "00:00:21", "text": "mention Uphold before, and there's a"}, {"start": "00:00:19", "end": "00:00:23", "text": "reason I keep talking about them. Uphold"}, {"start": "00:00:21", "end": "00:00:25", "text": "makes it incredibly easy to bridge the"}, {"start": "00:00:23", "end": "00:00:27", "text": "gap between your portfolio and the real"}, {"start": "00:00:25", "end": "00:00:29", "text": "world. This has not been done before."}, {"start": "00:00:27", "end": "00:00:31", "text": "Their Uphold debit card is the best"}, {"start": "00:00:29", "end": "00:00:34", "text": "example of that. It lets you spend your"}, {"start": "00:00:31", "end": "00:00:37", "text": "crypto or your cash anywhere Visa is"}, {"start": "00:00:34", "end": "00:00:40", "text": "accepted, all while earning 4% back in"}, {"start": "00:00:37", "end": "00:00:43", "text": "XRP on every purchase. It's the easiest"}, {"start": "00:00:40", "end": "00:00:45", "text": "way to stack rewards on your daily"}, {"start": "00:00:43", "end": "00:00:47", "text": "spending. Download the Uphold app for"}, {"start": "00:00:45", "end": "00:00:49", "text": "more and get started. Here's Kristen"}, {"start": "00:00:47", "end": "00:00:51", "text": "Smith. This is kind of the line list of"}, {"start": "00:00:49", "end": "00:00:53", "text": "things that have to happen. This is last"}, {"start": "00:00:51", "end": "00:00:55", "text": "week. She laid out this road map of the"}, {"start": "00:00:53", "end": "00:00:56", "text": "things that had to go on in the Senate."}, {"start": "00:00:55", "end": "00:00:57", "text": "Build the Senate package, which is"}, {"start": "00:00:56", "end": "00:00:59", "text": "really where we are right now. They're"}, {"start": "00:00:57", "end": "00:01:01", "text": "in the midst of that. Get floor time."}, {"start": "00:00:59", "end": "00:01:04", "text": "That's the big one right now because it"}, {"start": "00:01:01", "end": "00:01:06", "text": "is competing with possible priorities"}, {"start": "00:01:04", "end": "00:01:08", "text": "here that may be a problem going"}, {"start": "00:01:06", "end": "00:01:10", "text": "forward. We got to get past 60 votes and"}, {"start": "00:01:08", "end": "00:01:12", "text": "then of course pass the Senate, resolve"}, {"start": "00:01:10", "end": "00:01:14", "text": "in the in the House, which is pretty"}, {"start": "00:01:12", "end": "00:01:16", "text": "fast, and then we go to the president's"}, {"start": "00:01:14", "end": "00:01:18", "text": "desk. That's what clarity needs to get"}, {"start": "00:01:16", "end": "00:01:20", "text": "going. And this is the issue right now"}, {"start": "00:01:18", "end": "00:01:22", "text": "that we are facing because you're seeing"}, {"start": "00:01:20", "end": "00:01:25", "text": "a little bit of movement down. Now,"}, {"start": "00:01:22", "end": "00:01:27", "text": "Trump has gone in here's on True Social"}, {"start": "00:01:25", "end": "00:01:29", "text": "real quick. He kind of talks about CFTC"}, {"start": "00:01:27", "end": "00:01:33", "text": "issue of what he's trying to do here,"}, {"start": "00:01:29", "end": "00:01:36", "text": "but he also aligns this with clarity,"}, {"start": "00:01:33", "end": "00:01:38", "text": "but he doesn't use the word clarity. He"}, {"start": "00:01:36", "end": "00:01:40", "text": "just simply says importantly, more"}, {"start": "00:01:38", "end": "00:01:42", "text": "importantly, we're currently the crypto"}, {"start": "00:01:40", "end": "00:01:45", "text": "Bitcoin capital of the world. We got to"}, {"start": "00:01:42", "end": "00:01:47", "text": "get this done. So it does show that he's"}, {"start": "00:01:45", "end": "00:01:49", "text": "trying to get this passed. The problem"}, {"start": "00:01:47", "end": "00:01:51", "text": "is that we're probably going to face is"}, {"start": "00:01:49", "end": "00:01:53", "text": "what we're dealing with in terms of"}, {"start": "00:01:51", "end": "00:01:55", "text": "potential push back and I'll get into"}, {"start": "00:01:53", "end": "00:01:57", "text": "that in a second because there are some"}, {"start": "00:01:55", "end": "00:02:00", "text": "very key points that could put clarity"}, {"start": "00:01:57", "end": "00:02:01", "text": "at risk. If you look at the current poly"}, {"start": "00:02:00", "end": "00:02:03", "text": "market on clarity, it was sitting right"}, {"start": "00:02:01", "end": "00:02:05", "text": "there at 65%."}, {"start": "00:02:03", "end": "00:02:08", "text": "Then of course it has fallen now to"}, {"start": "00:02:05", "end": "00:02:11", "text": "where it's holding in around 57% of"}, {"start": "00:02:08", "end": "00:02:12", "text": "passing this year. Remember that the"}, {"start": "00:02:11", "end": "00:02:13", "text": "timing, if you guys have been watching"}, {"start": "00:02:12", "end": "00:02:15", "text": "the show, we show these calendars all"}, {"start": "00:02:13", "end": "00:02:18", "text": "the time of what's going on in the"}, {"start": "00:02:15", "end": "00:02:20", "text": "Senate and within DC. The timing is very"}, {"start": "00:02:18", "end": "00:02:23", "text": "critical and it starts to lean into a"}, {"start": "00:02:20", "end": "00:02:26", "text": "very problematic time and that of course"}, {"start": "00:02:23", "end": "00:02:27", "text": "would be midterms. That is why I think"}, {"start": "00:02:26", "end": "00:02:30", "text": "we're starting to see a lot of things"}, {"start": "00:02:27", "end": "00:02:31", "text": "break loose. One of the areas that are"}, {"start": "00:02:30", "end": "00:02:33", "text": "going to be breaking loose. If you look"}, {"start": "00:02:31", "end": "00:02:36", "text": "at Trump's agenda right now for the rest"}, {"start": "00:02:33", "end": "00:02:38", "text": "of the year, this is the problem. Could"}, {"start": "00:02:36", "end": "00:02:41", "text": "be in serious trouble. And this includes"}, {"start": "00:02:38", "end": "00:02:43", "text": "budget budget reconciliation packages as"}, {"start": "00:02:41", "end": "00:02:45", "text": "well as enforcement operations through"}, {"start": "00:02:43", "end": "00:02:47", "text": "2009. There's a lot on the table and the"}, {"start": "00:02:45", "end": "00:02:50", "text": "ones you have to look at are right here."}, {"start": "00:02:47", "end": "00:02:51", "text": "These are the four senators who are now"}, {"start": "00:02:50", "end": "00:02:54", "text": "causing a little bit of trouble. You've"}, {"start": "00:02:51", "end": "00:02:57", "text": "got Rand Paul, Bill Cassy, John Corin,"}, {"start": "00:02:54", "end": "00:02:59", "text": "and then Tom Tillis. Now remember, and"}, {"start": "00:02:57", "end": "00:03:01", "text": "I'll show this in a second, but Tom"}, {"start": "00:02:59", "end": "00:03:03", "text": "Tillis has been one of the most"}, {"start": "00:03:01", "end": "00:03:06", "text": "outspoken. He's gone after Haggath. He"}, {"start": "00:03:03", "end": "00:03:09", "text": "went after Bondi. He's gone after a"}, {"start": "00:03:06", "end": "00:03:11", "text": "variety of different issues that are in"}, {"start": "00:03:09", "end": "00:03:14", "text": "opposition to President Trump. And of"}, {"start": "00:03:11", "end": "00:03:16", "text": "course, this pushes maybe Clarity into a"}, {"start": "00:03:14", "end": "00:03:19", "text": "bad position. If you look at it right"}, {"start": "00:03:16", "end": "00:03:22", "text": "here, there of course is a good example."}, {"start": "00:03:19", "end": "00:03:24", "text": "Democrats are sending out anti-crypto"}, {"start": "00:03:22", "end": "00:03:26", "text": "mailers now. So, anybody who thinks that"}, {"start": "00:03:24", "end": "00:03:28", "text": "Dems are are actually procryto"}, {"start": "00:03:26", "end": "00:03:29", "text": "delusional. I think there are a handful."}, {"start": "00:03:28", "end": "00:03:31", "text": "Don't get me wrong, many of you"}, {"start": "00:03:29", "end": "00:03:32", "text": "Democrats out there probably say there"}, {"start": "00:03:31", "end": "00:03:34", "text": "are a few people that are very pro"}, {"start": "00:03:32", "end": "00:03:36", "text": "crypto. And I would agree there are"}, {"start": "00:03:34", "end": "00:03:38", "text": "some, but the problem is is we need 60"}, {"start": "00:03:36", "end": "00:03:41", "text": "votes to get this across the line. This"}, {"start": "00:03:38", "end": "00:03:45", "text": "is the challenge. And if the Senate is"}, {"start": "00:03:41", "end": "00:03:48", "text": "lost to the Democrats in the midterms,"}, {"start": "00:03:45", "end": "00:03:51", "text": "this gets very different going forward"}, {"start": "00:03:48", "end": "00:03:53", "text": "because we would see clarity possibly"}, {"start": "00:03:51", "end": "00:03:55", "text": "pushed beyond midterms. That's the real"}, {"start": "00:03:53", "end": "00:03:59", "text": "question mark. So, all right. So, where"}, {"start": "00:03:55", "end": "00:04:01", "text": "this ties in to how the banks and the"}, {"start": "00:03:59", "end": "00:04:03", "text": "anti-crypto industry are are fighting"}, {"start": "00:04:01", "end": "00:04:05", "text": "back, this is a good example of one of"}, {"start": "00:04:03", "end": "00:04:08", "text": "these lobbying groups, More Perfect"}, {"start": "00:04:05", "end": "00:04:10", "text": "Union should be the not so perfect"}, {"start": "00:04:08", "end": "00:04:11", "text": "union, but the Senate is nearing a"}, {"start": "00:04:10", "end": "00:04:14", "text": "clarity vote. They're hitting on it"}, {"start": "00:04:11", "end": "00:04:16", "text": "right here. You've got celebrities going"}, {"start": "00:04:14", "end": "00:04:18", "text": "out saying cryptos for criminals. All of"}, {"start": "00:04:16", "end": "00:04:20", "text": "this is happening right there in front"}, {"start": "00:04:18", "end": "00:04:22", "text": "of us right now. So, the point is is"}, {"start": "00:04:20", "end": "00:04:24", "text": "that we've got to be able to get out"}, {"start": "00:04:22", "end": "00:04:26", "text": "there and fight against it. that you've"}, {"start": "00:04:24", "end": "00:04:29", "text": "got Gary Gendler coming in trying to get"}, {"start": "00:04:26", "end": "00:04:31", "text": "the CFTC situation resolved in a sense"}, {"start": "00:04:29", "end": "00:04:33", "text": "to where the states would be overriding"}, {"start": "00:04:31", "end": "00:04:35", "text": "as opposed to the CFTC overriding"}, {"start": "00:04:33", "end": "00:04:37", "text": "prediction markets. This is the kind of"}, {"start": "00:04:35", "end": "00:04:39", "text": "push back that we are seeing right now."}, {"start": "00:04:37", "end": "00:04:42", "text": "All right. So, there is one potential"}, {"start": "00:04:39", "end": "00:04:44", "text": "wind here and uh this is a clip that"}, {"start": "00:04:42", "end": "00:04:48", "text": "breaks down how they're meaning they the"}, {"start": "00:04:44", "end": "00:04:50", "text": "Democrats are trying to unseat a lot of"}, {"start": "00:04:48", "end": "00:04:53", "text": "these older Democrats that are anti-"}, {"start": "00:04:50", "end": "00:04:54", "text": "crypto and it looks like it's working."}, {"start": "00:04:53", "end": "00:04:57", "text": "Take a look at this one."}, {"start": "00:04:54", "end": "00:04:59", "text": ">> We need a new generation of fighters."}, {"start": "00:04:57", "end": "00:05:03", "text": ">> 80 years old. He has been in public"}, {"start": "00:04:59", "end": "00:05:05", "text": "office for almost 50 years. It's time"}, {"start": "00:05:03", "end": "00:05:09", "text": "for a new generation. Y'all, I need you"}, {"start": "00:05:05", "end": "00:05:10", "text": "to vote for Congressman Christian Miny."}, {"start": "00:05:09", "end": "00:05:13", "text": "Protect Progress is responsible for the"}, {"start": "00:05:10", "end": "00:05:14", "text": "content of this ad."}, {"start": "00:05:13", "end": "00:05:15", "text": ">> All right, so Protect Progress, go out"}, {"start": "00:05:14", "end": "00:05:17", "text": "and check it out, guys. You can go to"}, {"start": "00:05:15", "end": "00:05:20", "text": "their website right here. I almost"}, {"start": "00:05:17", "end": "00:05:23", "text": "wonder if this is purposely looking like"}, {"start": "00:05:20", "end": "00:05:26", "text": "a 1970s website. Is that part of the"}, {"start": "00:05:23", "end": "00:05:28", "text": "game here? The point is though is"}, {"start": "00:05:26", "end": "00:05:29", "text": "there's a lot of support for this. If"}, {"start": "00:05:28", "end": "00:05:31", "text": "you go in and take a look, I'll zoom in"}, {"start": "00:05:29", "end": "00:05:34", "text": "on this for you guys. This is the"}, {"start": "00:05:31", "end": "00:05:36", "text": "protect progress support and you've got"}, {"start": "00:05:34", "end": "00:05:38", "text": "a lot of different companies that are in"}, {"start": "00:05:36", "end": "00:05:42", "text": "behind this. So, one of the big things"}, {"start": "00:05:38", "end": "00:05:44", "text": "when you look at how this particular"}, {"start": "00:05:42", "end": "00:05:47", "text": "pact is trying to fight it off, this was"}, {"start": "00:05:44", "end": "00:05:50", "text": "a huge win. And what I'm getting at here"}, {"start": "00:05:47", "end": "00:05:52", "text": "is freshman congressman uh Mini. This is"}, {"start": "00:05:50", "end": "00:05:53", "text": "the person that the guy that was being"}, {"start": "00:05:52", "end": "00:05:56", "text": "kind of supported there by Jasmine"}, {"start": "00:05:53", "end": "00:05:58", "text": "Crockett. He unseated a 20-year"}, {"start": "00:05:56", "end": "00:06:00", "text": "incumbent. Now, I want you to remember"}, {"start": "00:05:58", "end": "00:06:02", "text": "Rep. Al Green. You guys remember him? We"}, {"start": "00:06:00", "end": "00:06:06", "text": "showed him in a lot of our uh Senate"}, {"start": "00:06:02", "end": "00:06:08", "text": "videos. This guy absolutely was"}, {"start": "00:06:06", "end": "00:06:12", "text": "terrible. He had an F rating on Stand"}, {"start": "00:06:08", "end": "00:06:13", "text": "with Crypto and right now Fair Shake and"}, {"start": "00:06:12", "end": "00:06:15", "text": "the affiliates have dropped around 6 and"}, {"start": "00:06:13", "end": "00:06:18", "text": "a half million in the race on that race"}, {"start": "00:06:15", "end": "00:06:20", "text": "to get Al Green out of there and he went"}, {"start": "00:06:18", "end": "00:06:23", "text": "against Genius and against Clarity. So"}, {"start": "00:06:20", "end": "00:06:24", "text": "the good news is that we're starting to"}, {"start": "00:06:23", "end": "00:06:28", "text": "win some of these younger Democratic"}, {"start": "00:06:24", "end": "00:06:30", "text": "seats which could be very pro crypto. So"}, {"start": "00:06:28", "end": "00:06:32", "text": "that's one of the things that you got to"}, {"start": "00:06:30", "end": "00:06:33", "text": "kind of consider here. I want to go to a"}, {"start": "00:06:32", "end": "00:06:34", "text": "clip that kind of supports that. Take a"}, {"start": "00:06:33", "end": "00:06:37", "text": "look."}, {"start": "00:06:34", "end": "00:06:40", "text": ">> We need access to opportunity. It's"}, {"start": "00:06:37", "end": "00:06:41", "text": "financial tools. And that's what crypto"}, {"start": "00:06:40", "end": "00:06:44", "text": "is positioned to be."}, {"start": "00:06:41", "end": "00:06:46", "text": ">> I'm from rural eastern North Carolina. I"}, {"start": "00:06:44", "end": "00:06:48", "text": "remember the storm came went to the"}, {"start": "00:06:46", "end": "00:06:51", "text": "bank. There was a handwritten note up"}, {"start": "00:06:48", "end": "00:06:54", "text": "that said closed due to the storm. Yeah."}, {"start": "00:06:51", "end": "00:06:58", "text": "We have to get the Senate moving. Um, we"}, {"start": "00:06:54", "end": "00:07:01", "text": "need clarity and we cannot rely upon um"}, {"start": "00:06:58", "end": "00:07:02", "text": "the courts. We need clarity. We need it"}, {"start": "00:07:01", "end": "00:07:05", "text": "now."}, {"start": "00:07:02", "end": "00:07:07", "text": ">> Yeah. Senate, listen to this man."}, {"start": "00:07:05", "end": "00:07:09", "text": ">> If you look at a bipartisan position,"}, {"start": "00:07:07", "end": "00:07:12", "text": "because we are going to need both sides"}, {"start": "00:07:09", "end": "00:07:13", "text": "of the Senate to really move forward,"}, {"start": "00:07:12", "end": "00:07:17", "text": "whether this is going down the road or"}, {"start": "00:07:13", "end": "00:07:19", "text": "not past the midterms, Ken Paxton wins"}, {"start": "00:07:17", "end": "00:07:22", "text": "his race, also backed by Fellowship"}, {"start": "00:07:19", "end": "00:07:24", "text": "Pack. He defeated John Korn. This was"}, {"start": "00:07:22", "end": "00:07:27", "text": "another guy that was against crypto. So,"}, {"start": "00:07:24", "end": "00:07:28", "text": "we have won in essence here several"}, {"start": "00:07:27", "end": "00:07:30", "text": "seats already before we even go to"}, {"start": "00:07:28", "end": "00:07:32", "text": "midterms that are very pro crypto. Other"}, {"start": "00:07:30", "end": "00:07:35", "text": "things I want to hit on right here, if"}, {"start": "00:07:32", "end": "00:07:36", "text": "you look at what is good, because this"}, {"start": "00:07:35", "end": "00:07:38", "text": "is where people I think don't understand"}, {"start": "00:07:36", "end": "00:07:41", "text": "how crypto is actually trying to change"}, {"start": "00:07:38", "end": "00:07:43", "text": "people's lives. Now, with Coinbase, you"}, {"start": "00:07:41", "end": "00:07:46", "text": "can get all or part of your uh paycheck"}, {"start": "00:07:43", "end": "00:07:48", "text": "actually spit split and dropped in"}, {"start": "00:07:46", "end": "00:07:50", "text": "direct deposit into your account. Zero"}, {"start": "00:07:48", "end": "00:07:52", "text": "trading fees. Plus, it immediately goes"}, {"start": "00:07:50", "end": "00:07:55", "text": "into yield bearing. I mean, what bank is"}, {"start": "00:07:52", "end": "00:07:57", "text": "doing that? None. No bank is out there"}, {"start": "00:07:55", "end": "00:07:59", "text": "helping Americans like this. And I think"}, {"start": "00:07:57", "end": "00:08:00", "text": "we're going to see more of this. I think"}, {"start": "00:07:59", "end": "00:08:02", "text": "we're going to see a lot more of it"}, {"start": "00:08:00", "end": "00:08:04", "text": "coming down the pipeline. You have SoFi"}, {"start": "00:08:02", "end": "00:08:08", "text": "coming in. They opened up their"}, {"start": "00:08:04", "end": "00:08:10", "text": "situation here around their uh SoFi um"}, {"start": "00:08:08", "end": "00:08:12", "text": "access to its own crypto stable coin. 15"}, {"start": "00:08:10", "end": "00:08:14", "text": "million users. Another big win. And let"}, {"start": "00:08:12", "end": "00:08:16", "text": "me kind of show something specific. This"}, {"start": "00:08:14", "end": "00:08:18", "text": "is available across major networks. You"}, {"start": "00:08:16", "end": "00:08:23", "text": "can withdraw to any Salana or Ethereum"}, {"start": "00:08:18", "end": "00:08:25", "text": "wallet. What bank is doing that? This is"}, {"start": "00:08:23", "end": "00:08:27", "text": "fantastic because this shows the"}, {"start": "00:08:25", "end": "00:08:29", "text": "evolution of banking. And I think that's"}, {"start": "00:08:27", "end": "00:08:32", "text": "the thing that we have to get in the"}, {"start": "00:08:29", "end": "00:08:34", "text": "minds of these lawmakers to understand"}, {"start": "00:08:32", "end": "00:08:36", "text": "how important this truly is. I want to"}, {"start": "00:08:34", "end": "00:08:40", "text": "go to a clip real quick because this is"}, {"start": "00:08:36", "end": "00:08:42", "text": "Sailor getting into the whole topic of"}, {"start": "00:08:40", "end": "00:08:44", "text": "how DeFi is going to help retail. And"}, {"start": "00:08:42", "end": "00:08:46", "text": "this goes back into the thing that I'm"}, {"start": "00:08:44", "end": "00:08:48", "text": "getting at here is how crypto is helping"}, {"start": "00:08:46", "end": "00:08:51", "text": "everyday Americans. Take a look."}, {"start": "00:08:48", "end": "00:08:54", "text": ">> The real appeal of tokenization is the"}, {"start": "00:08:51", "end": "00:08:56", "text": "asset holder has the ability to shop for"}, {"start": "00:08:54", "end": "00:08:59", "text": "the best yield and the best credit"}, {"start": "00:08:56", "end": "00:09:01", "text": "terms. And then the the finance"}, {"start": "00:08:59", "end": "00:09:05", "text": "innovators, they can create new types of"}, {"start": "00:09:01", "end": "00:09:07", "text": "financial products. They can trunch in"}, {"start": "00:09:05", "end": "00:09:08", "text": "the DeFi space. You can loop something"}, {"start": "00:09:07", "end": "00:09:10", "text": "5x"}, {"start": "00:09:08", "end": "00:09:12", "text": ">> right now. If I have a billion dollars"}, {"start": "00:09:10", "end": "00:09:14", "text": "of Apple stock,"}, {"start": "00:09:12", "end": "00:09:16", "text": ">> I'm getting no yield on it and there's"}, {"start": "00:09:14", "end": "00:09:18", "text": "no free market in it. It's not like I"}, {"start": "00:09:16", "end": "00:09:19", "text": "can shop it to 27 different"}, {"start": "00:09:18", "end": "00:09:20", "text": "counterparties on the weekend,"}, {"start": "00:09:19", "end": "00:09:22", "text": ">> right?"}, {"start": "00:09:20", "end": "00:09:24", "text": ">> What happens when it tokenizes and it"}, {"start": "00:09:22", "end": "00:09:26", "text": "starts to move faster? What happens when"}, {"start": "00:09:24", "end": "00:09:28", "text": "your AI wants to do a hundred of these"}, {"start": "00:09:26", "end": "00:09:28", "text": "things every hour?"}, {"start": "00:09:28", "end": "00:09:30", "text": ">> Right?"}, {"start": "00:09:28", "end": "00:09:31", "text": ">> I think the four-year cycle is broken."}, {"start": "00:09:30", "end": "00:09:34", "text": "All the Bitcoin that's going to be"}, {"start": "00:09:31", "end": "00:09:36", "text": "produced between now and eternity, my"}, {"start": "00:09:34", "end": "00:09:39", "text": "company will probably buy it all. There"}, {"start": "00:09:36", "end": "00:09:40", "text": "is no supply. We're taking it all"}, {"start": "00:09:39", "end": "00:09:44", "text": "tokenized"}, {"start": "00:09:40", "end": "00:09:45", "text": ">> mean for an institution like this."}, {"start": "00:09:44", "end": "00:09:47", "text": ">> All right. So there you have Sailor kind"}, {"start": "00:09:45", "end": "00:09:49", "text": "of jumping on the DeFi bandwagon. He"}, {"start": "00:09:47", "end": "00:09:52", "text": "totally gets it in understanding how"}, {"start": "00:09:49", "end": "00:09:54", "text": "this is going to scale. You look at not"}, {"start": "00:09:52", "end": "00:09:56", "text": "only that you can kind of consider"}, {"start": "00:09:54", "end": "00:09:59", "text": "what's going on now with Ripple. They"}, {"start": "00:09:56", "end": "00:10:01", "text": "submitted a letter a letter to the US uh"}, {"start": "00:09:59", "end": "00:10:03", "text": "SEC crypto task force trying to get"}, {"start": "00:10:01", "end": "00:10:05", "text": "clear guidelines on these nonsecurity"}, {"start": "00:10:03", "end": "00:10:06", "text": "status tokenized securities. And let me"}, {"start": "00:10:05", "end": "00:10:08", "text": "kind of show you something here real"}, {"start": "00:10:06", "end": "00:10:10", "text": "quick. I'll jump into the document"}, {"start": "00:10:08", "end": "00:10:11", "text": "because there's a very specific thing I"}, {"start": "00:10:10", "end": "00:10:13", "text": "want to highlight here. Providing"}, {"start": "00:10:11", "end": "00:10:15", "text": "analysis illustrating a 2% haircut for"}, {"start": "00:10:13", "end": "00:10:17", "text": "stable coins remains punitive. Meaning"}, {"start": "00:10:15", "end": "00:10:20", "text": "they're pen they're basically penalizing"}, {"start": "00:10:17", "end": "00:10:23", "text": "stable coins. Stable coins should have a"}, {"start": "00:10:20", "end": "00:10:26", "text": "0% haircut. Think about money markets"}, {"start": "00:10:23", "end": "00:10:28", "text": "etc. that will be able to utilize this"}, {"start": "00:10:26", "end": "00:10:29", "text": "kind of technology leaping forward. So"}, {"start": "00:10:28", "end": "00:10:31", "text": "they're trying to get a level level"}, {"start": "00:10:29", "end": "00:10:33", "text": "playing field here. And I think if"}, {"start": "00:10:31", "end": "00:10:36", "text": "clarity goes through and we continue to"}, {"start": "00:10:33", "end": "00:10:38", "text": "see the regulatory framework, remember"}, {"start": "00:10:36", "end": "00:10:40", "text": "the law gets passed and then the"}, {"start": "00:10:38", "end": "00:10:42", "text": "bureaucrats in in a lot of these"}, {"start": "00:10:40", "end": "00:10:45", "text": "agencies have to go in and decipher what"}, {"start": "00:10:42", "end": "00:10:47", "text": "the law means, write policy, and that's"}, {"start": "00:10:45", "end": "00:10:50", "text": "what goes out to the banks all through"}, {"start": "00:10:47", "end": "00:10:52", "text": "the CFTC, etc. All of this is very"}, {"start": "00:10:50", "end": "00:10:54", "text": "important moving forward, and this is"}, {"start": "00:10:52", "end": "00:10:57", "text": "just another big example of it. All"}, {"start": "00:10:54", "end": "00:10:59", "text": "right, so going back to that clip and to"}, {"start": "00:10:57", "end": "00:11:01", "text": "the sailor clip for a second. Remember"}, {"start": "00:10:59", "end": "00:11:04", "text": "she the host was asking what about all"}, {"start": "00:11:01", "end": "00:11:06", "text": "this? And what she meant was what about"}, {"start": "00:11:04", "end": "00:11:10", "text": "tradi? What about the way that the stock"}, {"start": "00:11:06", "end": "00:11:12", "text": "market, the DTCC works, etc.? Well, that"}, {"start": "00:11:10", "end": "00:11:14", "text": "actually is now starting to change as"}, {"start": "00:11:12", "end": "00:11:16", "text": "well. But there is a caveat to this"}, {"start": "00:11:14", "end": "00:11:18", "text": "which I think is a little bit different."}, {"start": "00:11:16", "end": "00:11:21", "text": "Take a look at this clip."}, {"start": "00:11:18", "end": "00:11:23", "text": "And starting in the first half of 2027,"}, {"start": "00:11:21", "end": "00:11:26", "text": "DTC tokenized assets are expected to be"}, {"start": "00:11:23", "end": "00:11:29", "text": "available on the Stellar network. US"}, {"start": "00:11:26", "end": "00:11:32", "text": "treasuries, ETFs tracking major indices,"}, {"start": "00:11:29", "end": "00:11:34", "text": "constituents of the Russell 1000 on a"}, {"start": "00:11:32", "end": "00:11:36", "text": "public blockchain with the same investor"}, {"start": "00:11:34", "end": "00:11:38", "text": "protections, entitlements, and"}, {"start": "00:11:36", "end": "00:11:40", "text": "safeguards as those that are currently"}, {"start": "00:11:38", "end": "00:11:43", "text": "held in custody today."}, {"start": "00:11:40", "end": "00:11:45", "text": ">> All right, so a couple of things to be"}, {"start": "00:11:43", "end": "00:11:48", "text": "aware of. First of all, the fact that"}, {"start": "00:11:45", "end": "00:11:49", "text": "this is going live in 2027. I mean,"}, {"start": "00:11:48", "end": "00:11:53", "text": "that's another six months, seven months"}, {"start": "00:11:49", "end": "00:11:56", "text": "away. Why not now? Uh, it also is going"}, {"start": "00:11:53", "end": "00:11:59", "text": "to integrate the likelihood of KYC and"}, {"start": "00:11:56", "end": "00:12:01", "text": "it's 245. So, I don't get how this is"}, {"start": "00:11:59", "end": "00:12:03", "text": "really an advance. I'm glad for Stellar"}, {"start": "00:12:01", "end": "00:12:05", "text": "because this is a a good move, but at"}, {"start": "00:12:03", "end": "00:12:07", "text": "some point, I almost wonder if this is"}, {"start": "00:12:05", "end": "00:12:09", "text": "intentional in the sense of slowing down"}, {"start": "00:12:07", "end": "00:12:12", "text": "tech overall. Remember, we've played"}, {"start": "00:12:09", "end": "00:12:14", "text": "some DTCC clips here on the show. I"}, {"start": "00:12:12", "end": "00:12:16", "text": "don't know that they're truly fond of"}, {"start": "00:12:14", "end": "00:12:18", "text": "how this market is starting to pan out,"}, {"start": "00:12:16", "end": "00:12:20", "text": "especially with everybody pushing in"}, {"start": "00:12:18", "end": "00:12:24", "text": "this direction. If you look at what"}, {"start": "00:12:20", "end": "00:12:27", "text": "Liquid is doing, DeFi has pretty much"}, {"start": "00:12:24", "end": "00:12:29", "text": "already leaped ahead of where the DTC"}, {"start": "00:12:27", "end": "00:12:32", "text": "says they're going to be next year, but"}, {"start": "00:12:29", "end": "00:12:33", "text": "they've done it now. Take a look. I'm"}, {"start": "00:12:32", "end": "00:12:35", "text": "Franklin and today we're introducing"}, {"start": "00:12:33", "end": "00:12:38", "text": "Co-Invest, the first way to trade"}, {"start": "00:12:35", "end": "00:12:40", "text": "directly through your AI. Co-invest"}, {"start": "00:12:38", "end": "00:12:42", "text": "plugs directly into chatgbt and claude"}, {"start": "00:12:40", "end": "00:12:44", "text": "to help you analyze a market, think"}, {"start": "00:12:42", "end": "00:12:47", "text": "through a trade and place it instantly,"}, {"start": "00:12:44", "end": "00:12:49", "text": "all in one chat. Every market, anyone,"}, {"start": "00:12:47", "end": "00:12:51", "text": "anywhere, anytime. It's going to ask you"}, {"start": "00:12:49", "end": "00:12:53", "text": "some questions about your investing"}, {"start": "00:12:51", "end": "00:12:55", "text": "preferences. So, it's asking my risk"}, {"start": "00:12:53", "end": "00:12:56", "text": "tolerance. I'll say moderate. It's"}, {"start": "00:12:55", "end": "00:12:59", "text": "asking my time horizon. I'll say"}, {"start": "00:12:56", "end": "00:13:01", "text": "medium-term. And then I'll say equities"}, {"start": "00:12:59", "end": "00:13:02", "text": "and commodities. Once it's done this"}, {"start": "00:13:01", "end": "00:13:05", "text": "research, it's going to s suggest some"}, {"start": "00:13:02", "end": "00:13:07", "text": "trades. It's suggesting a short on oil,"}, {"start": "00:13:05", "end": "00:13:09", "text": "which it thinks it it thinks the price"}, {"start": "00:13:07", "end": "00:13:10", "text": "of oil is going to come down. And then"}, {"start": "00:13:09", "end": "00:13:14", "text": "it's suggesting a long on gold to sort"}, {"start": "00:13:10", "end": "00:13:16", "text": "of hedge away some of this uncertainty."}, {"start": "00:13:14", "end": "00:13:18", "text": "All right. So, you can kind of see we"}, {"start": "00:13:16", "end": "00:13:20", "text": "are in the midst of really a new"}, {"start": "00:13:18", "end": "00:13:22", "text": "financial revolution, I think, of how"}, {"start": "00:13:20", "end": "00:13:25", "text": "tools are going to be out there to make"}, {"start": "00:13:22", "end": "00:13:26", "text": "you and I be able to work much more"}, {"start": "00:13:25", "end": "00:13:27", "text": "efficient. You could probably work as"}, {"start": "00:13:26", "end": "00:13:28", "text": "hard as you are right now trying to do"}, {"start": "00:13:27", "end": "00:13:30", "text": "trades, but you're going to get better"}, {"start": "00:13:28", "end": "00:13:32", "text": "at it. And I think this is the kind of"}, {"start": "00:13:30", "end": "00:13:34", "text": "thing that's going to skip past the"}, {"start": "00:13:32", "end": "00:13:36", "text": "traditional Wall Street and Tradfi"}, {"start": "00:13:34", "end": "00:13:38", "text": "system. You look at Bill Hughes, he's"}, {"start": "00:13:36", "end": "00:13:40", "text": "talking about it right here. What lawyer"}, {"start": "00:13:38", "end": "00:13:41", "text": "agreed to this? Point him out. You can"}, {"start": "00:13:40", "end": "00:13:44", "text": "kind of see some of the points he's"}, {"start": "00:13:41", "end": "00:13:46", "text": "getting at. He cited uh this issue right"}, {"start": "00:13:44", "end": "00:13:48", "text": "now with the CFTC no action letter for"}, {"start": "00:13:46", "end": "00:13:50", "text": "Phantom uh in supporting Liquid's view"}, {"start": "00:13:48", "end": "00:13:53", "text": "that it does not need to register as a"}, {"start": "00:13:50", "end": "00:13:55", "text": "broker or an exchange uh in all 50"}, {"start": "00:13:53", "end": "00:13:57", "text": "states. So interesting stuff right I"}, {"start": "00:13:55", "end": "00:13:59", "text": "wonder if they're skirting it, if it's a"}, {"start": "00:13:57", "end": "00:14:01", "text": "situation that just hasn't been outlined"}, {"start": "00:13:59", "end": "00:14:04", "text": "yet. But I wonder how much this is going"}, {"start": "00:14:01", "end": "00:14:06", "text": "to leap forward and push a lot of"}, {"start": "00:14:04", "end": "00:14:08", "text": "different, you know, financial"}, {"start": "00:14:06", "end": "00:14:12", "text": "institutions and the fintech industry"}, {"start": "00:14:08", "end": "00:14:13", "text": "into maybe next generation uh finance"}, {"start": "00:14:12", "end": "00:14:15", "text": "going forward. All right. So, when you"}, {"start": "00:14:13", "end": "00:14:17", "text": "consider innovation and what all this is"}, {"start": "00:14:15", "end": "00:14:19", "text": "going to look like going forward, new"}, {"start": "00:14:17", "end": "00:14:21", "text": "regulation, obviously, new tools, what"}, {"start": "00:14:19", "end": "00:14:24", "text": "kind of tokens should be in your"}, {"start": "00:14:21", "end": "00:14:27", "text": "portfolio? Here's GSR breaking it down."}, {"start": "00:14:24", "end": "00:14:29", "text": "Take a look. Uh GSR is a 13-year-old uh"}, {"start": "00:14:27", "end": "00:14:31", "text": "crypto market maker, one of the original"}, {"start": "00:14:29", "end": "00:14:33", "text": "ones. We wanted to answer the question"}, {"start": "00:14:31", "end": "00:14:35", "text": "that we get all the time. What crypto"}, {"start": "00:14:33", "end": "00:14:37", "text": "should I own? Everybody asks us or"}, {"start": "00:14:35", "end": "00:14:39", "text": "friends or relatives, people outside the"}, {"start": "00:14:37", "end": "00:14:41", "text": "industry. And we keep coming back to"}, {"start": "00:14:39", "end": "00:14:44", "text": "your core portfolio should have Bitcoin,"}, {"start": "00:14:41", "end": "00:14:46", "text": "Ether, Salana, get your staking rewards"}, {"start": "00:14:44", "end": "00:14:48", "text": "for Ether and Salana. And then we threw"}, {"start": "00:14:46", "end": "00:14:51", "text": "in active management to help tilt the"}, {"start": "00:14:48", "end": "00:14:53", "text": "portfolio to anticipate market"}, {"start": "00:14:51", "end": "00:14:56", "text": "conditions. So for all that in one ETF,"}, {"start": "00:14:53", "end": "00:14:58", "text": "it can be a core holding for most folks."}, {"start": "00:14:56", "end": "00:15:01", "text": ">> All right. So this is an interesting"}, {"start": "00:14:58", "end": "00:15:04", "text": "play because it's an actively managed"}, {"start": "00:15:01", "end": "00:15:06", "text": "fund. You look at what Bitcoin has been"}, {"start": "00:15:04", "end": "00:15:09", "text": "doing yearto date. You'll notice right"}, {"start": "00:15:06", "end": "00:15:11", "text": "up there in the top right. That's 14%"}, {"start": "00:15:09", "end": "00:15:15", "text": "down, guys. Right there, 14% down year"}, {"start": "00:15:11", "end": "00:15:18", "text": "to date. You consider GSR quick run"}, {"start": "00:15:15", "end": "00:15:22", "text": "right here at GSR crypto. The core three"}, {"start": "00:15:18", "end": "00:15:24", "text": "only 9% down year to date. So, does this"}, {"start": "00:15:22", "end": "00:15:27", "text": "portfolio actually perform better"}, {"start": "00:15:24", "end": "00:15:29", "text": "because it's being actively managed"}, {"start": "00:15:27", "end": "00:15:31", "text": "across those three core assets? That is"}, {"start": "00:15:29", "end": "00:15:34", "text": "something that I think we're going to"}, {"start": "00:15:31", "end": "00:15:35", "text": "see a little bit more activity on in the"}, {"start": "00:15:34", "end": "00:15:38", "text": "near future. All right. So, let's take a"}, {"start": "00:15:35", "end": "00:15:40", "text": "look at the Black Rockck uh USD I just"}, {"start": "00:15:38", "end": "00:15:42", "text": "showed this USD institutional dig"}, {"start": "00:15:40", "end": "00:15:44", "text": "digital liquidity fund. Okay, if you"}, {"start": "00:15:42", "end": "00:15:45", "text": "look at I mean this is Black Rockck"}, {"start": "00:15:44", "end": "00:15:48", "text": "guys. We're talking about right now two"}, {"start": "00:15:45", "end": "00:15:51", "text": "billion assets overall sitting at about"}, {"start": "00:15:48", "end": "00:15:52", "text": "$100. These are all institutions. What"}, {"start": "00:15:51", "end": "00:15:54", "text": "are they doing this on in terms of"}, {"start": "00:15:52", "end": "00:15:56", "text": "chain? Well, if you look further into"}, {"start": "00:15:54", "end": "00:15:59", "text": "this, you can start to see some growth"}, {"start": "00:15:56", "end": "00:16:01", "text": "right here. And the growth is coming on"}, {"start": "00:15:59", "end": "00:16:03", "text": "Avalanche Cchain right there. If you"}, {"start": "00:16:01", "end": "00:16:05", "text": "compare the split right now, ETH still"}, {"start": "00:16:03", "end": "00:16:08", "text": "holding the lead, but Avalanche just"}, {"start": "00:16:05", "end": "00:16:10", "text": "leaps over Salana quickly. So, this"}, {"start": "00:16:08", "end": "00:16:11", "text": "again gets back into the point I'm"}, {"start": "00:16:10", "end": "00:16:13", "text": "getting at, which is an opportunity for"}, {"start": "00:16:11", "end": "00:16:15", "text": "many of these new assets to make it to"}, {"start": "00:16:13", "end": "00:16:18", "text": "the next level. One other thing to kind"}, {"start": "00:16:15", "end": "00:16:21", "text": "of compare is SUI. SUI is going all in"}, {"start": "00:16:18", "end": "00:16:24", "text": "on more of the agentic side of things."}, {"start": "00:16:21", "end": "00:16:26", "text": "When we talk about AI and integration"}, {"start": "00:16:24", "end": "00:16:29", "text": "and where transactions are going to"}, {"start": "00:16:26", "end": "00:16:31", "text": "happen, most likely this could be the"}, {"start": "00:16:29", "end": "00:16:34", "text": "place. Here's a dena hitting on this."}, {"start": "00:16:31", "end": "00:16:36", "text": "Zero gas any machine human doesn't"}, {"start": "00:16:34", "end": "00:16:38", "text": "matter. Stable coins now move freely on"}, {"start": "00:16:36", "end": "00:16:39", "text": "suite. That'll be a big deal because AI"}, {"start": "00:16:38", "end": "00:16:43", "text": "is going to be making so many"}, {"start": "00:16:39", "end": "00:16:44", "text": "transactions. Free is best. That's one"}, {"start": "00:16:43", "end": "00:16:48", "text": "of the things I think you have to watch"}, {"start": "00:16:44", "end": "00:16:49", "text": "if you're considering SUI as a potential"}, {"start": "00:16:48", "end": "00:16:51", "text": "opportunity here. Listen, a lot is"}, {"start": "00:16:49", "end": "00:16:53", "text": "happening this week and a lot more. I'm"}, {"start": "00:16:51", "end": "00:16:55", "text": "trying to get back in studio. I'm out"}, {"start": "00:16:53", "end": "00:16:56", "text": "this week trying to cover some things as"}, {"start": "00:16:55", "end": "00:16:59", "text": "we're starting to move some stuff"}, {"start": "00:16:56", "end": "00:17:02", "text": "around, get even more advanced for you"}, {"start": "00:16:59", "end": "00:17:05", "text": "guys. So, we will be covering much, much"}, {"start": "00:17:02", "end": "00:17:05", "text": "more. So, stay tuned."}, {"start": "00:17:09", "end": "00:17:13", "text": "If you like this video, hit like and"}, {"start": "00:17:11", "end": "00:17:16", "text": "subscribe. Drop a comment down below and"}, {"start": "00:17:13", "end": "00:17:20", "text": "also join our free private member group."}, {"start": "00:17:16", "end": "00:17:20", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "It is crypto versus a peace deal. Today"}, {"start": "00:00:02", "end": "00:00:04", "text": "we're going to be breaking that down"}, {"start": "00:00:03", "end": "00:00:07", "text": "because there's a lot in the market that"}, {"start": "00:00:04", "end": "00:00:08", "text": "could be affecting everything we're"}, {"start": "00:00:07", "end": "00:00:10", "text": "looking at. Before we get into it, I do"}, {"start": "00:00:08", "end": "00:00:14", "text": "want to thank our sponsor and this is a"}, {"start": "00:00:10", "end": "00:00:15", "text": "special offer for you guys. OKX is"}, {"start": "00:00:14", "end": "00:00:18", "text": "running an exclusive affiliate offer"}, {"start": "00:00:15", "end": "00:00:20", "text": "where you can earn up to $500 in XRP"}, {"start": "00:00:18", "end": "00:00:23", "text": "rewards just by hitting a few simple"}, {"start": "00:00:20", "end": "00:00:27", "text": "milestones. Step one, tier one, you can"}, {"start": "00:00:23", "end": "00:00:30", "text": "complete the KYC, you get $10 in XRP. If"}, {"start": "00:00:27", "end": "00:00:32", "text": "you go to step two, which is $100 on a"}, {"start": "00:00:30", "end": "00:00:34", "text": "deposit, you get another 40. Then you"}, {"start": "00:00:32", "end": "00:00:37", "text": "can bump that deposit and trade volume"}, {"start": "00:00:34", "end": "00:00:42", "text": "of just $1,000 and you grab an"}, {"start": "00:00:37", "end": "00:00:43", "text": "additional $100 in XRP. Best of all, for"}, {"start": "00:00:42", "end": "00:00:45", "text": "the heavy hitters out there, if you"}, {"start": "00:00:43", "end": "00:00:50", "text": "deposit and trade 10 grand, you can"}, {"start": "00:00:45", "end": "00:00:52", "text": "unlock a massive $350 XRP reward. This"}, {"start": "00:00:50", "end": "00:00:56", "text": "stacks onto all of this. So boom, you"}, {"start": "00:00:52", "end": "00:00:59", "text": "get up to $500 max earning and it's paid"}, {"start": "00:00:56", "end": "00:01:01", "text": "directly out in XRP. So click the link"}, {"start": "00:00:59", "end": "00:01:03", "text": "down below. You guys are not want to"}, {"start": "00:01:01", "end": "00:01:04", "text": "miss this one. It is an awesome one. All"}, {"start": "00:01:03", "end": "00:01:07", "text": "right, guys. I want to lead off today"}, {"start": "00:01:04", "end": "00:01:09", "text": "with a tweet. And of course, what I'm"}, {"start": "00:01:07", "end": "00:01:11", "text": "looking at right here is, of course,"}, {"start": "00:01:09", "end": "00:01:14", "text": "President Trump saying that negoti"}, {"start": "00:01:11", "end": "00:01:16", "text": "negotiations with Iran will only be a"}, {"start": "00:01:14", "end": "00:01:18", "text": "great deal if it's a great deal for"}, {"start": "00:01:16", "end": "00:01:20", "text": "everyone. And as you can kind of see"}, {"start": "00:01:18", "end": "00:01:22", "text": "right here on True Social, absolutely"}, {"start": "00:01:20", "end": "00:01:25", "text": "filled it up with everybody that's"}, {"start": "00:01:22", "end": "00:01:27", "text": "involved in this deal. So there is a lot"}, {"start": "00:01:25", "end": "00:01:29", "text": "yet to be done. The concern I have right"}, {"start": "00:01:27", "end": "00:01:33", "text": "now is whether or not we actually get"}, {"start": "00:01:29", "end": "00:01:36", "text": "out of this war as soon as we can or"}, {"start": "00:01:33", "end": "00:01:38", "text": "does this stretch on for months and"}, {"start": "00:01:36", "end": "00:01:41", "text": "months of negotiations continuing to see"}, {"start": "00:01:38", "end": "00:01:43", "text": "the Hormu straight closed. And what does"}, {"start": "00:01:41", "end": "00:01:45", "text": "that mean? Let's jump over to Trump"}, {"start": "00:01:43", "end": "00:01:47", "text": "holding a rare cabinet meeting. And uh"}, {"start": "00:01:45", "end": "00:01:49", "text": "this of course is going on Camp David"}, {"start": "00:01:47", "end": "00:01:51", "text": "this Wednesday. If you look at this"}, {"start": "00:01:49", "end": "00:01:54", "text": "around the tensions that are rising"}, {"start": "00:01:51", "end": "00:01:56", "text": "within Iran and the fact that they are"}, {"start": "00:01:54", "end": "00:01:58", "text": "holding this cabinet meeting. This is"}, {"start": "00:01:56", "end": "00:02:00", "text": "crunch time. This I think is going to"}, {"start": "00:01:58", "end": "00:02:01", "text": "get down to either what are they going"}, {"start": "00:02:00", "end": "00:02:04", "text": "to accept, what are they not going to"}, {"start": "00:02:01", "end": "00:02:06", "text": "accept. And all of this starts to point"}, {"start": "00:02:04", "end": "00:02:08", "text": "to two major markets. One of course is"}, {"start": "00:02:06", "end": "00:02:11", "text": "going to continue to be how does this"}, {"start": "00:02:08", "end": "00:02:13", "text": "end? If you look at Poly Market, Poly"}, {"start": "00:02:11", "end": "00:02:16", "text": "Market has this on the December outlook"}, {"start": "00:02:13", "end": "00:02:18", "text": "at a 81% chance. Back here not too long"}, {"start": "00:02:16", "end": "00:02:21", "text": "ago, just on May 22nd, just a few days"}, {"start": "00:02:18", "end": "00:02:23", "text": "ago, it was at a 62% chance by December."}, {"start": "00:02:21", "end": "00:02:26", "text": "This is my point. This could end up"}, {"start": "00:02:23", "end": "00:02:29", "text": "dragging on through summer and possibly"}, {"start": "00:02:26", "end": "00:02:31", "text": "even on and past the midterms. This"}, {"start": "00:02:29", "end": "00:02:34", "text": "would have some pretty uh I think"}, {"start": "00:02:31", "end": "00:02:36", "text": "gargantuan effect on crypto in general."}, {"start": "00:02:34", "end": "00:02:39", "text": "And this is the thing right now the"}, {"start": "00:02:36", "end": "00:02:42", "text": "major markets if we're seeing that war"}, {"start": "00:02:39", "end": "00:02:44", "text": "is bad for Bitcoin. It seems that peace"}, {"start": "00:02:42", "end": "00:02:46", "text": "could be bad for Bitcoin as well because"}, {"start": "00:02:44", "end": "00:02:48", "text": "we're not necessarily seeing the markets"}, {"start": "00:02:46", "end": "00:02:51", "text": "respond even though we're seeing a"}, {"start": "00:02:48", "end": "00:02:53", "text": "potential of a peace deal underway."}, {"start": "00:02:51", "end": "00:02:55", "text": "Other things right now the market is"}, {"start": "00:02:53", "end": "00:02:58", "text": "responding. You've got the S&P 500"}, {"start": "00:02:55", "end": "00:03:00", "text": "rising to its highest level on record"}, {"start": "00:02:58", "end": "00:03:03", "text": "right there now on track for its first"}, {"start": "00:03:00", "end": "00:03:05", "text": "9-week win streak. This is huge because"}, {"start": "00:03:03", "end": "00:03:08", "text": "it hasn't happened since 2023."}, {"start": "00:03:05", "end": "00:03:10", "text": "I would like to know from you guys. Drop"}, {"start": "00:03:08", "end": "00:03:13", "text": "some comments down below. Are you"}, {"start": "00:03:10", "end": "00:03:14", "text": "shifting your investment thesis at all"}, {"start": "00:03:13", "end": "00:03:17", "text": "with this kind of runup? I mean, this is"}, {"start": "00:03:14", "end": "00:03:19", "text": "almost memecoin style growth that we're"}, {"start": "00:03:17", "end": "00:03:21", "text": "seeing in traditional markets. Are you"}, {"start": "00:03:19", "end": "00:03:23", "text": "placing any bets on traditional stocks"}, {"start": "00:03:21", "end": "00:03:25", "text": "or at least on maybe the tokenized"}, {"start": "00:03:23", "end": "00:03:27", "text": "version within crypto? Let me know down"}, {"start": "00:03:25", "end": "00:03:29", "text": "in the comments. Other things you got to"}, {"start": "00:03:27", "end": "00:03:32", "text": "look at right now is oil prices. oil"}, {"start": "00:03:29", "end": "00:03:34", "text": "prices continue to be an issue. But the"}, {"start": "00:03:32", "end": "00:03:37", "text": "real question was if oil was going to go"}, {"start": "00:03:34", "end": "00:03:40", "text": "down and a peace deal is underway, would"}, {"start": "00:03:37", "end": "00:03:42", "text": "that not mean that that's good for"}, {"start": "00:03:40", "end": "00:03:44", "text": "crypto? According to charts right now,"}, {"start": "00:03:42", "end": "00:03:47", "text": "if you just look at oil where it is"}, {"start": "00:03:44", "end": "00:03:50", "text": "holding at around 94, remember oil had"}, {"start": "00:03:47", "end": "00:03:51", "text": "clipped 115 as far back as April 7th."}, {"start": "00:03:50", "end": "00:03:54", "text": "That's just a couple of months ago, one"}, {"start": "00:03:51", "end": "00:03:56", "text": "month ago. If you look at this trending"}, {"start": "00:03:54", "end": "00:03:59", "text": "down and if you look at all the other"}, {"start": "00:03:56", "end": "00:04:02", "text": "crypto products as we start to see these"}, {"start": "00:03:59", "end": "00:04:04", "text": "peace deals, one of the biggest days uh"}, {"start": "00:04:02", "end": "00:04:06", "text": "right now hitting Bitcoin, this is"}, {"start": "00:04:04", "end": "00:04:08", "text": "another factor. Ethereum not necessarily"}, {"start": "00:04:06", "end": "00:04:12", "text": "holding up either, having a big day."}, {"start": "00:04:08", "end": "00:04:14", "text": "Even XRP also slipping in and back down"}, {"start": "00:04:12", "end": "00:04:17", "text": "to the 130 mark. So this is not"}, {"start": "00:04:14", "end": "00:04:19", "text": "necessarily a positive for crypto in"}, {"start": "00:04:17", "end": "00:04:21", "text": "general. I think the real question is"}, {"start": "00:04:19", "end": "00:04:23", "text": "the macro environment that continues to"}, {"start": "00:04:21", "end": "00:04:26", "text": "cause pressure on these risk markets is"}, {"start": "00:04:23", "end": "00:04:30", "text": "got to change. I want to go to a clip"}, {"start": "00:04:26", "end": "00:04:32", "text": "because this is getting into how Iran is"}, {"start": "00:04:30", "end": "00:04:34", "text": "growing stronger the longer we don't"}, {"start": "00:04:32", "end": "00:04:37", "text": "have a deal. Take a look."}, {"start": "00:04:34", "end": "00:04:39", "text": ">> Every day that goes by, Iran's"}, {"start": "00:04:37", "end": "00:04:41", "text": "negotiating leverage compounds. Why?"}, {"start": "00:04:39", "end": "00:04:43", "text": "Because inventories of oil and"}, {"start": "00:04:41", "end": "00:04:44", "text": "inventories continue to drop. You know,"}, {"start": "00:04:43", "end": "00:04:47", "text": "last week alone, you dropped inventories"}, {"start": "00:04:44", "end": "00:04:49", "text": "by 17 million barrels. the clock ticks"}, {"start": "00:04:47", "end": "00:04:51", "text": "on, the situation for Iran, they're"}, {"start": "00:04:49", "end": "00:04:53", "text": "leveraging power compounds, while for"}, {"start": "00:04:51", "end": "00:04:55", "text": "the West, it decreases."}, {"start": "00:04:53", "end": "00:04:57", "text": ">> We can come up with these different"}, {"start": "00:04:55", "end": "00:04:59", "text": "types of policy announcements that try"}, {"start": "00:04:57", "end": "00:05:01", "text": "to solve it, but the only thing that's"}, {"start": "00:04:59", "end": "00:05:04", "text": "going to solve it is more molecules. And"}, {"start": "00:05:01", "end": "00:05:06", "text": "ultimately, the real thing is open the"}, {"start": "00:05:04", "end": "00:05:08", "text": "straits, but that's still even if you"}, {"start": "00:05:06", "end": "00:05:11", "text": "announced it tomorrow, six more months"}, {"start": "00:05:08", "end": "00:05:13", "text": "before you really solve the problem."}, {"start": "00:05:11", "end": "00:05:16", "text": ">> The real question is is how long does"}, {"start": "00:05:13", "end": "00:05:19", "text": "this supply chain shock exist? And I"}, {"start": "00:05:16", "end": "00:05:21", "text": "think no one at least has a timeline"}, {"start": "00:05:19", "end": "00:05:24", "text": "that I've seen. So the real question is"}, {"start": "00:05:21", "end": "00:05:26", "text": "when this deal gets done, how long"}, {"start": "00:05:24", "end": "00:05:28", "text": "before we start to see full and free"}, {"start": "00:05:26", "end": "00:05:30", "text": "flow of energy back into the West?"}, {"start": "00:05:28", "end": "00:05:32", "text": "Remember that the US is not necessarily"}, {"start": "00:05:30", "end": "00:05:35", "text": "involved in that? Even though you do"}, {"start": "00:05:32", "end": "00:05:38", "text": "have situations rising in Asia,"}, {"start": "00:05:35", "end": "00:05:40", "text": "obviously in the EU, I think the real"}, {"start": "00:05:38", "end": "00:05:42", "text": "question is how long? Because if that"}, {"start": "00:05:40", "end": "00:05:44", "text": "does take six months, that could have"}, {"start": "00:05:42", "end": "00:05:47", "text": "some lasting effects on the market in"}, {"start": "00:05:44", "end": "00:05:49", "text": "general. There's also a big situation"}, {"start": "00:05:47", "end": "00:05:51", "text": "that could end up killing the Iranian"}, {"start": "00:05:49", "end": "00:05:53", "text": "deal and it's a wild card you may not"}, {"start": "00:05:51", "end": "00:05:55", "text": "know. Take a look."}, {"start": "00:05:53", "end": "00:05:57", "text": ">> If the Israelis are not reigned in by"}, {"start": "00:05:55", "end": "00:06:00", "text": "the United States, there will not be a"}, {"start": "00:05:57", "end": "00:06:03", "text": "deal. Last time there was supposed to be"}, {"start": "00:06:00", "end": "00:06:04", "text": "a regionwide ceasefire and we saw what"}, {"start": "00:06:03", "end": "00:06:06", "text": "the Israelis have done. They're"}, {"start": "00:06:04", "end": "00:06:09", "text": "continuing to bombard uh Lebanon to"}, {"start": "00:06:06", "end": "00:06:11", "text": "smithers and we've seen how they have"}, {"start": "00:06:09", "end": "00:06:13", "text": "treated the ceasefire in Gaza as well."}, {"start": "00:06:11", "end": "00:06:16", "text": "If the United States is incapable of"}, {"start": "00:06:13", "end": "00:06:18", "text": "reigning in the Israelis, then I think"}, {"start": "00:06:16", "end": "00:06:20", "text": "that will put a significant amount of"}, {"start": "00:06:18", "end": "00:06:22", "text": "stress on this agreement. The agreement"}, {"start": "00:06:20", "end": "00:06:24", "text": "may not even be able to be reached in"}, {"start": "00:06:22", "end": "00:06:26", "text": "the first place."}, {"start": "00:06:24", "end": "00:06:28", "text": ">> All right. So, there you have it. Uh the"}, {"start": "00:06:26", "end": "00:06:29", "text": "Israelis still continuing to kind of"}, {"start": "00:06:28", "end": "00:06:32", "text": "hold the ace card and I think the real"}, {"start": "00:06:29", "end": "00:06:34", "text": "question here is Trump is going to have"}, {"start": "00:06:32", "end": "00:06:37", "text": "to draw the line at some point. And I"}, {"start": "00:06:34", "end": "00:06:40", "text": "know that a lot of this is all pent up"}, {"start": "00:06:37", "end": "00:06:42", "text": "on what kind of deal is made with the"}, {"start": "00:06:40", "end": "00:06:44", "text": "Iranians, but I think at one point"}, {"start": "00:06:42", "end": "00:06:46", "text": "you're probably going to have the"}, {"start": "00:06:44", "end": "00:06:47", "text": "Israelis coming to the table as well and"}, {"start": "00:06:46", "end": "00:06:51", "text": "negotiation factor. And I think there'll"}, {"start": "00:06:47", "end": "00:06:54", "text": "be enough pressure from EU, from Asia,"}, {"start": "00:06:51", "end": "00:06:56", "text": "and maybe even from China that could put"}, {"start": "00:06:54", "end": "00:06:58", "text": "a little bit of uh twist on this going"}, {"start": "00:06:56", "end": "00:07:00", "text": "forward. The reason all of this is"}, {"start": "00:06:58", "end": "00:07:02", "text": "important when you look at oil prices,"}, {"start": "00:07:00", "end": "00:07:05", "text": "you look at the macro environment, you"}, {"start": "00:07:02", "end": "00:07:06", "text": "look at the S&P on all-time highs, and"}, {"start": "00:07:05", "end": "00:07:08", "text": "then you look at how crypto is"}, {"start": "00:07:06", "end": "00:07:11", "text": "responding. Right now, we're setting on"}, {"start": "00:07:08", "end": "00:07:14", "text": "a 60% chance. And let's just remember"}, {"start": "00:07:11", "end": "00:07:16", "text": "that the War Powers Act, which was on"}, {"start": "00:07:14", "end": "00:07:18", "text": "the table last week, got thrown off"}, {"start": "00:07:16", "end": "00:07:20", "text": "because they thought there was going to"}, {"start": "00:07:18", "end": "00:07:23", "text": "be a deal. What happens if that spins"}, {"start": "00:07:20", "end": "00:07:26", "text": "back into it at the wrong time? Because"}, {"start": "00:07:23", "end": "00:07:29", "text": "remember, timing here is super super"}, {"start": "00:07:26", "end": "00:07:30", "text": "important. We're holding a 60% chance"}, {"start": "00:07:29", "end": "00:07:33", "text": "right now, which is up from just the"}, {"start": "00:07:30", "end": "00:07:35", "text": "other day at 54%. So, you would think"}, {"start": "00:07:33", "end": "00:07:38", "text": "maybe there's some negotiations"}, {"start": "00:07:35", "end": "00:07:40", "text": "happening in between all of this in"}, {"start": "00:07:38", "end": "00:07:42", "text": "terms of what's going on in Iran, what's"}, {"start": "00:07:40", "end": "00:07:45", "text": "happening in the macro side of things."}, {"start": "00:07:42", "end": "00:07:47", "text": "All of this has pressure that is loading"}, {"start": "00:07:45", "end": "00:07:50", "text": "in on top of crypto. And I think that's"}, {"start": "00:07:47", "end": "00:07:52", "text": "why we are not seeing crypto move. One"}, {"start": "00:07:50", "end": "00:07:55", "text": "of the biggest bulls on crypto that has"}, {"start": "00:07:52", "end": "00:07:58", "text": "always been a bull has been Mike"}, {"start": "00:07:55", "end": "00:08:00", "text": "Novagratz of Galaxy Digital. He was on"}, {"start": "00:07:58", "end": "00:08:02", "text": "talking about this and I want you to"}, {"start": "00:08:00", "end": "00:08:03", "text": "tell me if you think he sounds bullish."}, {"start": "00:08:02", "end": "00:08:06", "text": "Take a look."}, {"start": "00:08:03", "end": "00:08:09", "text": ">> But you know the bull case is you get a"}, {"start": "00:08:06", "end": "00:08:11", "text": "deal oil goes back down into the 80s."}, {"start": "00:08:09", "end": "00:08:13", "text": "The backend oil will get to the 60s."}, {"start": "00:08:11", "end": "00:08:17", "text": ">> Okay. So I mean that gives our friend"}, {"start": "00:08:13", "end": "00:08:18", "text": "Kevin Wars some amplitude. Right. Right."}, {"start": "00:08:17", "end": "00:08:20", "text": "to to to cut rates."}, {"start": "00:08:18", "end": "00:08:22", "text": ">> The moment that happens, Worsh is"}, {"start": "00:08:20", "end": "00:08:24", "text": "starting to change his tune. And by the"}, {"start": "00:08:22", "end": "00:08:25", "text": "end of the year, he's cutting rates, not"}, {"start": "00:08:24", "end": "00:08:28", "text": "just fighting off people who want to"}, {"start": "00:08:25", "end": "00:08:30", "text": "hike. That could be the last juice that"}, {"start": "00:08:28", "end": "00:08:31", "text": "this market needs to have it rip your"}, {"start": "00:08:30", "end": "00:08:35", "text": "face off."}, {"start": "00:08:31", "end": "00:08:36", "text": ">> Bitcoin reclaims 85,000 before the end"}, {"start": "00:08:35", "end": "00:08:37", "text": "of June."}, {"start": "00:08:36", "end": "00:08:39", "text": ">> That would be wildly bullish."}, {"start": "00:08:37", "end": "00:08:42", "text": ">> Do you think that will happen?"}, {"start": "00:08:39", "end": "00:08:45", "text": ">> Oh, I see. I think that's right around"}, {"start": "00:08:42", "end": "00:08:47", "text": "where clarity should be decided. I think"}, {"start": "00:08:45", "end": "00:08:49", "text": "I would if you move that to the middle"}, {"start": "00:08:47", "end": "00:08:51", "text": "of July, I'd be bullish."}, {"start": "00:08:49", "end": "00:08:53", "text": ">> Okay."}, {"start": "00:08:51", "end": "00:08:55", "text": ">> All right. Middle of July."}, {"start": "00:08:53", "end": "00:08:58", "text": "Uh all of the he's pending on Bitcoin"}, {"start": "00:08:55", "end": "00:09:02", "text": "going back to 85 strictly to clarity. I"}, {"start": "00:08:58", "end": "00:09:03", "text": "think there's more to it than just that."}, {"start": "00:09:02", "end": "00:09:04", "text": "I think you have the whole mix of"}, {"start": "00:09:03", "end": "00:09:06", "text": "everything. You've got to have the"}, {"start": "00:09:04", "end": "00:09:08", "text": "Iranian deal. You've got to have a"}, {"start": "00:09:06", "end": "00:09:10", "text": "little bit of pressure off the markets"}, {"start": "00:09:08", "end": "00:09:12", "text": "in general where Worsh might have a"}, {"start": "00:09:10", "end": "00:09:15", "text": "window later this year. notice he"}, {"start": "00:09:12", "end": "00:09:16", "text": "thought a rate cut by end of year. So"}, {"start": "00:09:15", "end": "00:09:18", "text": "FOMC meetings, I don't know if we're"}, {"start": "00:09:16", "end": "00:09:21", "text": "going to see any more like we did with"}, {"start": "00:09:18", "end": "00:09:25", "text": "PAL, but if we do, it'll be interesting"}, {"start": "00:09:21", "end": "00:09:27", "text": "to see how uh Kevin Worsh deals with the"}, {"start": "00:09:25", "end": "00:09:28", "text": "forward-looking statements. It's going"}, {"start": "00:09:27", "end": "00:09:30", "text": "to be intriguing. So be on the look at"}, {"start": "00:09:28", "end": "00:09:32", "text": "that. Uh a couple other things you got"}, {"start": "00:09:30", "end": "00:09:35", "text": "to look at is the calendar. Right here"}, {"start": "00:09:32", "end": "00:09:37", "text": "is the Congress second session. You look"}, {"start": "00:09:35", "end": "00:09:39", "text": "at the month of May right there. Here we"}, {"start": "00:09:37", "end": "00:09:42", "text": "are on the week of the 25th. This is"}, {"start": "00:09:39", "end": "00:09:44", "text": "closed right now. So you are out on a"}, {"start": "00:09:42", "end": "00:09:46", "text": "chance right there. You move into early"}, {"start": "00:09:44", "end": "00:09:48", "text": "June, there's a possibility, but it goes"}, {"start": "00:09:46", "end": "00:09:52", "text": "back to the whole situation. We don't"}, {"start": "00:09:48", "end": "00:09:54", "text": "want to bog down this June calendar with"}, {"start": "00:09:52", "end": "00:09:56", "text": "a lot of stuff. That's the point we have"}, {"start": "00:09:54", "end": "00:09:58", "text": "a chance to get into the Senate"}, {"start": "00:09:56", "end": "00:10:00", "text": "hopefully and get this done. July starts"}, {"start": "00:09:58", "end": "00:10:02", "text": "to run really a risk because August,"}, {"start": "00:10:00", "end": "00:10:05", "text": "look at August, almost the entire month"}, {"start": "00:10:02", "end": "00:10:07", "text": "of August is pretty much toast. And then"}, {"start": "00:10:05", "end": "00:10:10", "text": "you move in to preparation for midterms"}, {"start": "00:10:07", "end": "00:10:11", "text": "in September. This is a concern that I"}, {"start": "00:10:10", "end": "00:10:13", "text": "have. I know a lot of people have come"}, {"start": "00:10:11", "end": "00:10:15", "text": "on the show, handful of analysts that"}, {"start": "00:10:13", "end": "00:10:17", "text": "have said it could happen even as late"}, {"start": "00:10:15", "end": "00:10:19", "text": "as September. I think that has pretty"}, {"start": "00:10:17", "end": "00:10:21", "text": "traumatic uh effects on the market in"}, {"start": "00:10:19", "end": "00:10:24", "text": "general. Other things that may have an"}, {"start": "00:10:21", "end": "00:10:27", "text": "effect is the continuation of"}, {"start": "00:10:24", "end": "00:10:30", "text": "negotiations. And what I mean by that is"}, {"start": "00:10:27", "end": "00:10:32", "text": "all of these senators negotiating"}, {"start": "00:10:30", "end": "00:10:36", "text": "special deals during this clarity"}, {"start": "00:10:32", "end": "00:10:38", "text": "because Trump and they know that Trump"}, {"start": "00:10:36", "end": "00:10:40", "text": "wants this through. So, they're throwing"}, {"start": "00:10:38", "end": "00:10:43", "text": "out everything. Here's a little bit of a"}, {"start": "00:10:40", "end": "00:10:45", "text": "insight on Tom Tillis and how he may go"}, {"start": "00:10:43", "end": "00:10:47", "text": "at Pete Hegathth. Take a look."}, {"start": "00:10:45", "end": "00:10:49", "text": ">> Hegs owns it by being secretary of"}, {"start": "00:10:47", "end": "00:10:51", "text": "defense. When you tell the president"}, {"start": "00:10:49", "end": "00:10:53", "text": "that you have obliterated Iran and"}, {"start": "00:10:51", "end": "00:10:55", "text": "you're in a position to pretty much"}, {"start": "00:10:53", "end": "00:10:57", "text": "dictate terms and now you see what we"}, {"start": "00:10:55", "end": "00:11:01", "text": "have, when you see these mistakes made"}, {"start": "00:10:57", "end": "00:11:03", "text": "by Hegth, I actually I think um with all"}, {"start": "00:11:01", "end": "00:11:05", "text": "these mistakes in total, it's beginning"}, {"start": "00:11:03", "end": "00:11:08", "text": "to make Christine M look like a fivestar"}, {"start": "00:11:05", "end": "00:11:10", "text": "recruit. And anybody that gets in the"}, {"start": "00:11:08", "end": "00:11:11", "text": "way of my colleagues, Republican"}, {"start": "00:11:10", "end": "00:11:12", "text": "colleagues getting reelected are a"}, {"start": "00:11:11", "end": "00:11:14", "text": "problem."}, {"start": "00:11:12", "end": "00:11:17", "text": ">> All right. So basically, you got Tillis"}, {"start": "00:11:14", "end": "00:11:20", "text": "going after anyone that potentially"}, {"start": "00:11:17", "end": "00:11:23", "text": "risks them getting reelected. And Hegsth"}, {"start": "00:11:20", "end": "00:11:24", "text": "is his new bullseye along with some of"}, {"start": "00:11:23", "end": "00:11:26", "text": "the things that we're seeing in some of"}, {"start": "00:11:24", "end": "00:11:28", "text": "these other primaries. Texas is an"}, {"start": "00:11:26", "end": "00:11:29", "text": "example right here. Uh the primary"}, {"start": "00:11:28", "end": "00:11:31", "text": "runoffs, we all know what's going on"}, {"start": "00:11:29", "end": "00:11:34", "text": "there. You've got Ken Paxton who's been"}, {"start": "00:11:31", "end": "00:11:35", "text": "supported by the Fellowship Pack and"}, {"start": "00:11:34", "end": "00:11:37", "text": "also the Tether the Tetherback"}, {"start": "00:11:35", "end": "00:11:40", "text": "fellowship pack. But I think we're going"}, {"start": "00:11:37", "end": "00:11:42", "text": "to see more of this moving into"}, {"start": "00:11:40", "end": "00:11:46", "text": "the situation around midterms"}, {"start": "00:11:42", "end": "00:11:48", "text": "especially. I'm curious how many"}, {"start": "00:11:46", "end": "00:11:50", "text": "senators and right now it's mostly the"}, {"start": "00:11:48", "end": "00:11:52", "text": "Senate which is at risk. I wonder how"}, {"start": "00:11:50", "end": "00:11:55", "text": "many senators are truly going to get run"}, {"start": "00:11:52", "end": "00:11:57", "text": "against uh that don't let clarity go"}, {"start": "00:11:55", "end": "00:11:58", "text": "through. Remember this gets very"}, {"start": "00:11:57", "end": "00:12:01", "text": "interesting on timing because you could"}, {"start": "00:11:58", "end": "00:12:04", "text": "get a lot of money going against anyone"}, {"start": "00:12:01", "end": "00:12:06", "text": "who stands up against clarity by end of"}, {"start": "00:12:04", "end": "00:12:08", "text": "maybe July. I think that might be the"}, {"start": "00:12:06", "end": "00:12:10", "text": "number. Uh so be looking at it. It's"}, {"start": "00:12:08", "end": "00:12:12", "text": "going to be very interesting right now."}, {"start": "00:12:10", "end": "00:12:15", "text": "A lot of money being spent on these uh"}, {"start": "00:12:12", "end": "00:12:17", "text": "on these runs. Uh you also have the SEC"}, {"start": "00:12:15", "end": "00:12:19", "text": "delaying a plan to allow blockchain"}, {"start": "00:12:17", "end": "00:12:22", "text": "based tokenized stocks. This came last"}, {"start": "00:12:19", "end": "00:12:24", "text": "Friday. We didn't report on it, but the"}, {"start": "00:12:22", "end": "00:12:27", "text": "key is is it starts to have some effect,"}, {"start": "00:12:24", "end": "00:12:29", "text": "I think, on the rest of the market. One"}, {"start": "00:12:27", "end": "00:12:31", "text": "point in in note and it's worth noting"}, {"start": "00:12:29", "end": "00:12:35", "text": "is this right here is that the founder"}, {"start": "00:12:31", "end": "00:12:37", "text": "of Ando was mysteriously found dead I"}, {"start": "00:12:35", "end": "00:12:39", "text": "guess or unexpected passing. So very"}, {"start": "00:12:37", "end": "00:12:43", "text": "interesting situation. This is a"}, {"start": "00:12:39", "end": "00:12:46", "text": "30-year-old guy. Um head of one of the"}, {"start": "00:12:43", "end": "00:12:48", "text": "biggest tokenized asset platforms out"}, {"start": "00:12:46", "end": "00:12:50", "text": "there. Interesting timing here guys. Not"}, {"start": "00:12:48", "end": "00:12:52", "text": "saying anything just saying interesting"}, {"start": "00:12:50", "end": "00:12:55", "text": "timing. All right. So as you see right"}, {"start": "00:12:52", "end": "00:12:59", "text": "there by the SEC uh this is slowing the"}, {"start": "00:12:55", "end": "00:13:01", "text": "entire market. You look at Ono, you look"}, {"start": "00:12:59", "end": "00:13:03", "text": "at some of the RWA platforms out there."}, {"start": "00:13:01", "end": "00:13:04", "text": "And remember, this was all in place and"}, {"start": "00:13:03", "end": "00:13:07", "text": "then all of a sudden we get the rug"}, {"start": "00:13:04", "end": "00:13:09", "text": "pull. These are the kind of markets that"}, {"start": "00:13:07", "end": "00:13:11", "text": "are at risk right now. This is a"}, {"start": "00:13:09", "end": "00:13:14", "text": "forecast right here projecting a 100x"}, {"start": "00:13:11", "end": "00:13:17", "text": "growth in tokenized assets by 2030. The"}, {"start": "00:13:14", "end": "00:13:19", "text": "big names on this, McKenzie, City,"}, {"start": "00:13:17", "end": "00:13:21", "text": "Ripple, Arc Invest, even Standard"}, {"start": "00:13:19", "end": "00:13:23", "text": "Charter. So interesting timing that all"}, {"start": "00:13:21", "end": "00:13:26", "text": "of this is happening. But when will the"}, {"start": "00:13:23", "end": "00:13:29", "text": "SEC actually loosen this up? So we can"}, {"start": "00:13:26", "end": "00:13:31", "text": "get X stocks, so we can get and be able"}, {"start": "00:13:29", "end": "00:13:33", "text": "to trade what we are talking what they"}, {"start": "00:13:31", "end": "00:13:35", "text": "have been promising for quite some time."}, {"start": "00:13:33", "end": "00:13:37", "text": "Interesting time that the SEC does this"}, {"start": "00:13:35", "end": "00:13:40", "text": "right now just as we're getting ready to"}, {"start": "00:13:37", "end": "00:13:41", "text": "roll into a new future. Robin Hood has"}, {"start": "00:13:40", "end": "00:13:43", "text": "also cleared the final regulatory"}, {"start": "00:13:41", "end": "00:13:45", "text": "approval for its $180 million"}, {"start": "00:13:43", "end": "00:13:48", "text": "acquisition of Wonderfy. Remember this"}, {"start": "00:13:45", "end": "00:13:51", "text": "is Kevin Oly's company in Canada. They"}, {"start": "00:13:48", "end": "00:13:53", "text": "are piecing together a very strategic"}, {"start": "00:13:51", "end": "00:13:56", "text": "position to counter what's going on with"}, {"start": "00:13:53", "end": "00:13:58", "text": "Coinbase. I think they are coming hard"}, {"start": "00:13:56", "end": "00:14:01", "text": "for Coinbase and this is just another"}, {"start": "00:13:58", "end": "00:14:02", "text": "asset that kind of adds to their roster."}, {"start": "00:14:01", "end": "00:14:04", "text": "All right, so you've got Robin Hood"}, {"start": "00:14:02", "end": "00:14:06", "text": "who's kind of stuck in limbo. We're"}, {"start": "00:14:04", "end": "00:14:08", "text": "waiting on all this to clarify and get"}, {"start": "00:14:06", "end": "00:14:10", "text": "regulatory alignment. Then you've got"}, {"start": "00:14:08", "end": "00:14:11", "text": "this happening in Hong Kong where the"}, {"start": "00:14:10", "end": "00:14:14", "text": "SFC is now saying, \"Hey, we're going to"}, {"start": "00:14:11", "end": "00:14:15", "text": "get you licensed crypto advisory and"}, {"start": "00:14:14", "end": "00:14:18", "text": "asset management services. All of this"}, {"start": "00:14:15", "end": "00:14:21", "text": "is going to be in place as a law by the"}, {"start": "00:14:18", "end": "00:14:24", "text": "end of 2026 this year, guys.\" So, Hong"}, {"start": "00:14:21", "end": "00:14:25", "text": "Kong is at a full race to try to get"}, {"start": "00:14:24", "end": "00:14:28", "text": "this done. It looks like they are going"}, {"start": "00:14:25", "end": "00:14:30", "text": "to get it done, which this is coming in"}, {"start": "00:14:28", "end": "00:14:33", "text": "from the Securities and Future"}, {"start": "00:14:30", "end": "00:14:35", "text": "Commission in Hong Kong. So, big news"}, {"start": "00:14:33", "end": "00:14:37", "text": "overall. If you look at Bitcoin right"}, {"start": "00:14:35", "end": "00:14:41", "text": "now, it has been the first time we have"}, {"start": "00:14:37", "end": "00:14:44", "text": "seen a 2-year situation. Uh, and that's"}, {"start": "00:14:41", "end": "00:14:47", "text": "what's brewing right now. Down 6% in 25,"}, {"start": "00:14:44", "end": "00:14:48", "text": "13% right there year to date here in"}, {"start": "00:14:47", "end": "00:14:52", "text": "2026. First time we're really seeing"}, {"start": "00:14:48", "end": "00:14:54", "text": "backto-back years. Is Bitcoin fading as"}, {"start": "00:14:52", "end": "00:14:55", "text": "the asset going forward? Let me know"}, {"start": "00:14:54", "end": "00:14:57", "text": "what you guys think down in the"}, {"start": "00:14:55", "end": "00:14:59", "text": "comments. If you would be going Bitcoin,"}, {"start": "00:14:57", "end": "00:15:02", "text": "Ethereum,"}, {"start": "00:14:59", "end": "00:15:05", "text": "hype, Salana, Ripple, any of those, hit"}, {"start": "00:15:02", "end": "00:15:07", "text": "me. Hit me in the comments. One of the"}, {"start": "00:15:05", "end": "00:15:09", "text": "major concerns that you should be"}, {"start": "00:15:07", "end": "00:15:11", "text": "looking at right now, especially related"}, {"start": "00:15:09", "end": "00:15:12", "text": "to Bitcoin, is going to be MetaPlanet."}, {"start": "00:15:11", "end": "00:15:16", "text": "You look at their NAV right now, which"}, {"start": "00:15:12", "end": "00:15:18", "text": "is slipped under uh NAV again. Last time"}, {"start": "00:15:16", "end": "00:15:21", "text": "that happened really wasn't uh it was"}, {"start": "00:15:18", "end": "00:15:23", "text": "right back here. Yeah. November 27th. So"}, {"start": "00:15:21", "end": "00:15:25", "text": "very interesting timing right now in"}, {"start": "00:15:23", "end": "00:15:27", "text": "Bitcoin. Not good for the market in"}, {"start": "00:15:25", "end": "00:15:29", "text": "general. This would be a big deal if"}, {"start": "00:15:27", "end": "00:15:31", "text": "MetaPlanet got any kind of sideways"}, {"start": "00:15:29", "end": "00:15:33", "text": "issues uh with Bitcoin because I think"}, {"start": "00:15:31", "end": "00:15:35", "text": "that's the question that a lot of"}, {"start": "00:15:33", "end": "00:15:37", "text": "institutional investors are asking."}, {"start": "00:15:35", "end": "00:15:40", "text": "Right here was kind of interesting."}, {"start": "00:15:37", "end": "00:15:43", "text": "MetaPlanet's latest sharehold benefits"}, {"start": "00:15:40", "end": "00:15:45", "text": "basically gave you discounts on Bisco"}, {"start": "00:15:43", "end": "00:15:48", "text": "Bitcoin magazine subscriptions and the"}, {"start": "00:15:45", "end": "00:15:49", "text": "conference I think a lot of people are"}, {"start": "00:15:48", "end": "00:15:52", "text": "frustrated around this especially around"}, {"start": "00:15:49", "end": "00:15:54", "text": "Japanese social media uh just to"}, {"start": "00:15:52", "end": "00:15:56", "text": "distribute divin just do it just"}, {"start": "00:15:54", "end": "00:15:58", "text": "distribute in Bitcoin everybody's going"}, {"start": "00:15:56", "end": "00:16:01", "text": "to be happy not I don't need discounts"}, {"start": "00:15:58", "end": "00:16:03", "text": "on this or that uh and I agree with that"}, {"start": "00:16:01", "end": "00:16:05", "text": "this should be exactly what it has"}, {"start": "00:16:03", "end": "00:16:09", "text": "always been which is distribution of"}, {"start": "00:16:05", "end": "00:16:12", "text": "Bitcoin the asset So interesting points"}, {"start": "00:16:09", "end": "00:16:15", "text": "right now. Remember when everybody was"}, {"start": "00:16:12", "end": "00:16:19", "text": "pointing at M2 saying M2 is the"}, {"start": "00:16:15", "end": "00:16:21", "text": "indicator that drives liquidity into the"}, {"start": "00:16:19", "end": "00:16:23", "text": "crypto and the risk asset market. Well,"}, {"start": "00:16:21", "end": "00:16:26", "text": "here you have it. This is the Fred right"}, {"start": "00:16:23", "end": "00:16:28", "text": "here. M2 is as high as it has ever been."}, {"start": "00:16:26", "end": "00:16:31", "text": "Well above back in 22 when we had"}, {"start": "00:16:28", "end": "00:16:34", "text": "clipped. We slipped down in 23 and it"}, {"start": "00:16:31", "end": "00:16:36", "text": "has been skyrocketing since then. But"}, {"start": "00:16:34", "end": "00:16:39", "text": "yet we are not seeing the skyrocketing"}, {"start": "00:16:36", "end": "00:16:41", "text": "approach toward risk assets. So is M2"}, {"start": "00:16:39", "end": "00:16:43", "text": "one of the big things that I think a lot"}, {"start": "00:16:41", "end": "00:16:45", "text": "of people were pushing to definitely not"}, {"start": "00:16:43", "end": "00:16:49", "text": "necessarily the case for risk assets."}, {"start": "00:16:45", "end": "00:16:51", "text": "Again macro environments, consumer and"}, {"start": "00:16:49", "end": "00:16:54", "text": "investor sentiment and obviously the"}, {"start": "00:16:51", "end": "00:16:57", "text": "situations on the geopolitical field are"}, {"start": "00:16:54", "end": "00:17:00", "text": "the issues. It appears that we have to"}, {"start": "00:16:57", "end": "00:17:03", "text": "have so many things that go right to get"}, {"start": "00:17:00", "end": "00:17:06", "text": "into the risk markets accelerating. If"}, {"start": "00:17:03", "end": "00:17:09", "text": "you look at where the government is"}, {"start": "00:17:06", "end": "00:17:11", "text": "spending money, you have to look at AI."}, {"start": "00:17:09", "end": "00:17:14", "text": "And these numbers are crazy. In fact,"}, {"start": "00:17:11", "end": "00:17:16", "text": "they are spending more money on AI and"}, {"start": "00:17:14", "end": "00:17:19", "text": "this kind of tech than anywhere else in"}, {"start": "00:17:16", "end": "00:17:21", "text": "the market. Which is why you are seeing"}, {"start": "00:17:19", "end": "00:17:24", "text": "the kind of numbers that you are seeing"}, {"start": "00:17:21", "end": "00:17:25", "text": "right now on the major stock exchanges"}, {"start": "00:17:24", "end": "00:17:27", "text": "and of course some of the major"}, {"start": "00:17:25", "end": "00:17:30", "text": "companies out there. Anything that is"}, {"start": "00:17:27", "end": "00:17:31", "text": "within that AI realm, this is the kind"}, {"start": "00:17:30", "end": "00:17:33", "text": "of numbers that we're starting to push"}, {"start": "00:17:31", "end": "00:17:35", "text": "to. And I think this is a big factor"}, {"start": "00:17:33", "end": "00:17:37", "text": "here because it's not crypto oriented,"}, {"start": "00:17:35", "end": "00:17:39", "text": "at least not yet. Maybe in the future we"}, {"start": "00:17:37", "end": "00:17:42", "text": "get some sort of a gentic connection to"}, {"start": "00:17:39", "end": "00:17:45", "text": "AI, but right now it is all about these"}, {"start": "00:17:42", "end": "00:17:47", "text": "primary stock products in a lot of these"}, {"start": "00:17:45", "end": "00:17:49", "text": "new IPOs coming to market that I think"}, {"start": "00:17:47", "end": "00:17:50", "text": "will take advantage of this. If you look"}, {"start": "00:17:49", "end": "00:17:52", "text": "quickly at the market, as we did just a"}, {"start": "00:17:50", "end": "00:17:53", "text": "little bit ago, there is Bitcoin on"}, {"start": "00:17:52", "end": "00:17:57", "text": "another major red day. This is a"}, {"start": "00:17:53", "end": "00:18:00", "text": "critical day for Bitcoin. ETH could clip"}, {"start": "00:17:57", "end": "00:18:02", "text": "and go below again the situation of"}, {"start": "00:18:00", "end": "00:18:05", "text": "under 2,000. So, right there was that"}, {"start": "00:18:02", "end": "00:18:08", "text": "dip we saw over the weekend. But I'm"}, {"start": "00:18:05", "end": "00:18:10", "text": "just wondering, do we see a $1,700 ETH"}, {"start": "00:18:08", "end": "00:18:12", "text": "like some analysts are pointing at? Let"}, {"start": "00:18:10", "end": "00:18:13", "text": "me know what you guys think. Do you"}, {"start": "00:18:12", "end": "00:18:16", "text": "think this is a sell and may go away and"}, {"start": "00:18:13", "end": "00:18:18", "text": "finish up or do you think we continue to"}, {"start": "00:18:16", "end": "00:18:20", "text": "see downward pressure throughout the"}, {"start": "00:18:18", "end": "00:18:24", "text": "summer? We're going to be covering this"}, {"start": "00:18:20", "end": "00:18:24", "text": "and a lot more, so stick around."}, {"start": "00:18:28", "end": "00:18:32", "text": "If you like this video, hit like and"}, {"start": "00:18:30", "end": "00:18:34", "text": "subscribe. Drop a comment down below and"}, {"start": "00:18:32", "end": "00:18:38", "text": "also join our free private member group."}, {"start": "00:18:34", "end": "00:18:38", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "clarity looks like it might be cooked."}, {"start": "00:00:02", "end": "00:00:05", "text": "We'll break that down for you. We've got"}, {"start": "00:00:03", "end": "00:00:06", "text": "the Fed being sworn in and of course"}, {"start": "00:00:05", "end": "00:00:08", "text": "we're going to be looking at the markets"}, {"start": "00:00:06", "end": "00:00:10", "text": "and things are heating up. You guys"}, {"start": "00:00:08", "end": "00:00:12", "text": "don't want to miss it. Let's just start"}, {"start": "00:00:10", "end": "00:00:14", "text": "and thank our sponsor today. I want to"}, {"start": "00:00:12", "end": "00:00:16", "text": "thank our sponsor today and that is"}, {"start": "00:00:14", "end": "00:00:18", "text": "Uphold. We've all been there. Expenses"}, {"start": "00:00:16", "end": "00:00:20", "text": "pop up right when the market's starting"}, {"start": "00:00:18", "end": "00:00:22", "text": "to heat up. It's not the right time to"}, {"start": "00:00:20", "end": "00:00:24", "text": "sell. The last thing you want to do is"}, {"start": "00:00:22", "end": "00:00:28", "text": "sell your Bitcoin, your Ethereum, your"}, {"start": "00:00:24", "end": "00:00:30", "text": "XRP, or even your stable coin USDC. This"}, {"start": "00:00:28", "end": "00:00:32", "text": "is exactly why Uphold launched the Exa"}, {"start": "00:00:30", "end": "00:00:34", "text": "credit card. When I found out about"}, {"start": "00:00:32", "end": "00:00:36", "text": "this, I was blown away. It's an instant"}, {"start": "00:00:34", "end": "00:00:39", "text": "line of credit that lets you borrow"}, {"start": "00:00:36", "end": "00:00:41", "text": "against your crypto without having to"}, {"start": "00:00:39", "end": "00:00:43", "text": "sell. All you have to do is just use"}, {"start": "00:00:41", "end": "00:00:46", "text": "your assets as collateral and spend it"}, {"start": "00:00:43", "end": "00:00:48", "text": "worldwide using a virtual Visa card."}, {"start": "00:00:46", "end": "00:00:50", "text": "This is the coolest feature I love about"}, {"start": "00:00:48", "end": "00:00:52", "text": "this. There are no credit checks and you"}, {"start": "00:00:50", "end": "00:00:54", "text": "can repay on a schedule that works"}, {"start": "00:00:52", "end": "00:00:57", "text": "specifically for you. is the smartest"}, {"start": "00:00:54", "end": "00:00:59", "text": "way to stay long in the market while"}, {"start": "00:00:57", "end": "00:01:02", "text": "accessing your portfolio's value today."}, {"start": "00:00:59", "end": "00:01:05", "text": "Download the Uphold app and get your"}, {"start": "00:01:02", "end": "00:01:07", "text": "virtual Exacard in just a few taps. All"}, {"start": "00:01:05", "end": "00:01:09", "text": "right, so let's get into uh one of the"}, {"start": "00:01:07", "end": "00:01:12", "text": "top news stories that just broke and"}, {"start": "00:01:09", "end": "00:01:14", "text": "that is Tulsi Gabbard is resigning as"}, {"start": "00:01:12", "end": "00:01:17", "text": "director of national intelligence. So"}, {"start": "00:01:14", "end": "00:01:19", "text": "more of the cabinet starts to fall out"}, {"start": "00:01:17", "end": "00:01:21", "text": "of the Trump administration. When you"}, {"start": "00:01:19", "end": "00:01:23", "text": "look at her resigning, there's a few"}, {"start": "00:01:21", "end": "00:01:24", "text": "things that could happen here. first I"}, {"start": "00:01:23", "end": "00:01:26", "text": "think is the situation that she's kind"}, {"start": "00:01:24", "end": "00:01:28", "text": "of been out of the loop uh in the"}, {"start": "00:01:26", "end": "00:01:29", "text": "cabinet and when you look at this"}, {"start": "00:01:28", "end": "00:01:33", "text": "position which is very critical to"}, {"start": "00:01:29", "end": "00:01:35", "text": "what's going around in terms of conflict"}, {"start": "00:01:33", "end": "00:01:38", "text": "national security this is an issue I"}, {"start": "00:01:35", "end": "00:01:40", "text": "think I'm a bit more concerned about one"}, {"start": "00:01:38", "end": "00:01:42", "text": "is who's going to take the role are they"}, {"start": "00:01:40", "end": "00:01:44", "text": "going to be pro-war are we going to see"}, {"start": "00:01:42", "end": "00:01:45", "text": "something that's heating up already in"}, {"start": "00:01:44", "end": "00:01:47", "text": "Iran is there something that we don't"}, {"start": "00:01:45", "end": "00:01:49", "text": "know about what's happening with the"}, {"start": "00:01:47", "end": "00:01:51", "text": "negotiations all of that really puts a"}, {"start": "00:01:49", "end": "00:01:52", "text": "lot of pressure on the markets and when"}, {"start": "00:01:51", "end": "00:01:55", "text": "you put pressure on the markets"}, {"start": "00:01:52", "end": "00:01:58", "text": "you're putting pressure on clarity and"}, {"start": "00:01:55", "end": "00:02:02", "text": "it is showing right now dropping to 51%"}, {"start": "00:01:58", "end": "00:02:04", "text": "and continuing to fall as we look at"}, {"start": "00:02:02", "end": "00:02:06", "text": "really what's going on in DC and one of"}, {"start": "00:02:04", "end": "00:02:10", "text": "the things you have to consider right"}, {"start": "00:02:06", "end": "00:02:12", "text": "now is if clarity act continues to be an"}, {"start": "00:02:10", "end": "00:02:14", "text": "issue around floor time which is the"}, {"start": "00:02:12", "end": "00:02:16", "text": "biggest issue right now the real"}, {"start": "00:02:14", "end": "00:02:20", "text": "question is do they have time to do this"}, {"start": "00:02:16", "end": "00:02:22", "text": "in June so here's Elanor Ter the reality"}, {"start": "00:02:20", "end": "00:02:24", "text": "of whether a Senate can get two major"}, {"start": "00:02:22", "end": "00:02:27", "text": "pieces of legislation done amid the time"}, {"start": "00:02:24", "end": "00:02:29", "text": "constraints and competing priorities is"}, {"start": "00:02:27", "end": "00:02:30", "text": "beginning to set in. I would agree with"}, {"start": "00:02:29", "end": "00:02:32", "text": "Eleanor. I think this is an issue right"}, {"start": "00:02:30", "end": "00:02:34", "text": "now that I'm getting a little bit more"}, {"start": "00:02:32", "end": "00:02:36", "text": "antsy about. Even though I have been"}, {"start": "00:02:34", "end": "00:02:38", "text": "hearing people in the industry claim"}, {"start": "00:02:36", "end": "00:02:41", "text": "that this still has a high percentage of"}, {"start": "00:02:38", "end": "00:02:43", "text": "passing, I'm a little bit more on the"}, {"start": "00:02:41", "end": "00:02:45", "text": "bearish side of this getting through."}, {"start": "00:02:43", "end": "00:02:48", "text": "When you take a look at the June"}, {"start": "00:02:45", "end": "00:02:51", "text": "calendar, what you see here is nothing"}, {"start": "00:02:48", "end": "00:02:53", "text": "really in terms of availability. You've"}, {"start": "00:02:51", "end": "00:02:54", "text": "got 4th, 9th, 10th, 12th, 24th. All"}, {"start": "00:02:53", "end": "00:02:56", "text": "these are hearings that get extended"}, {"start": "00:02:54", "end": "00:02:58", "text": "into multiple days. The only thing"}, {"start": "00:02:56", "end": "00:02:59", "text": "that's probably even close is this one"}, {"start": "00:02:58", "end": "00:03:01", "text": "right here on the 24th, which is a"}, {"start": "00:02:59", "end": "00:03:03", "text": "future of payments. Here's the other"}, {"start": "00:03:01", "end": "00:03:04", "text": "problem that you're dealing with. If"}, {"start": "00:03:03", "end": "00:03:09", "text": "they're actually trying to do something"}, {"start": "00:03:04", "end": "00:03:11", "text": "by July 4th, time is getting very, very"}, {"start": "00:03:09", "end": "00:03:14", "text": "short. Now, could something turn around?"}, {"start": "00:03:11", "end": "00:03:16", "text": "Sure. Trump could put a pull a wild"}, {"start": "00:03:14", "end": "00:03:18", "text": "card. But the reality I think is that"}, {"start": "00:03:16", "end": "00:03:20", "text": "this is getting closer and closer to not"}, {"start": "00:03:18", "end": "00:03:22", "text": "getting through at least by July 4th."}, {"start": "00:03:20", "end": "00:03:23", "text": "I've heard many people that have been on"}, {"start": "00:03:22", "end": "00:03:24", "text": "our show in terms of analysts saying"}, {"start": "00:03:23", "end": "00:03:27", "text": "this could go all the way into"}, {"start": "00:03:24", "end": "00:03:29", "text": "September. So let's go to a clip here"}, {"start": "00:03:27", "end": "00:03:32", "text": "because this this is an issue that could"}, {"start": "00:03:29", "end": "00:03:36", "text": "actually be consuming the air out of DC"}, {"start": "00:03:32", "end": "00:03:37", "text": "and that is the Iranian War Powers Act"}, {"start": "00:03:36", "end": "00:03:39", "text": "and they were going to vote on that and"}, {"start": "00:03:37", "end": "00:03:41", "text": "this of course got kicked down the road."}, {"start": "00:03:39", "end": "00:03:43", "text": "Take a look. Anger on the floor of the"}, {"start": "00:03:41", "end": "00:03:46", "text": "House of Representatives Thursday after"}, {"start": "00:03:43", "end": "00:03:48", "text": "Republican leadership skipped a key vote"}, {"start": "00:03:46", "end": "00:03:50", "text": "on the war in Iran. Republican"}, {"start": "00:03:48", "end": "00:03:53", "text": "leadership stalled on the House floor"}, {"start": "00:03:50", "end": "00:03:55", "text": "for nearly an hour Thursday before they"}, {"start": "00:03:53", "end": "00:03:58", "text": "skipped the war powers vote. The"}, {"start": "00:03:55", "end": "00:04:00", "text": "legislation has a bipartisan petition to"}, {"start": "00:03:58", "end": "00:04:03", "text": "support it. And that petition means the"}, {"start": "00:04:00", "end": "00:04:05", "text": "House is required to hold a vote on this"}, {"start": "00:04:03", "end": "00:04:08", "text": "when they return in June. Lawmakers are"}, {"start": "00:04:05", "end": "00:04:09", "text": "currently on a Memorial Day recess. All"}, {"start": "00:04:08", "end": "00:04:12", "text": "right. So, that's the House being"}, {"start": "00:04:09", "end": "00:04:14", "text": "required to do this back in June. Again,"}, {"start": "00:04:12", "end": "00:04:16", "text": "taking more time. Uh because remember,"}, {"start": "00:04:14", "end": "00:04:17", "text": "even after going through uh clarity"}, {"start": "00:04:16", "end": "00:04:20", "text": "going through the Senate, it still has"}, {"start": "00:04:17", "end": "00:04:22", "text": "to go to get the stamp of approval from"}, {"start": "00:04:20", "end": "00:04:25", "text": "the House. I want to go to another clip"}, {"start": "00:04:22", "end": "00:04:27", "text": "because this is the Secure America Act"}, {"start": "00:04:25", "end": "00:04:30", "text": "that is also being jenned around DC as"}, {"start": "00:04:27", "end": "00:04:31", "text": "well, which also takes more time. Take a"}, {"start": "00:04:30", "end": "00:04:33", "text": "look. Senators in the room from"}, {"start": "00:04:31", "end": "00:04:35", "text": "different parts of the Republican"}, {"start": "00:04:33", "end": "00:04:37", "text": "spectrum. Republican senators and Mass"}, {"start": "00:04:35", "end": "00:04:39", "text": "pushed back at the White House today"}, {"start": "00:04:37", "end": "00:04:41", "text": "saying at least for now, President"}, {"start": "00:04:39", "end": "00:04:44", "text": "Trump's requests for funding have gone"}, {"start": "00:04:41", "end": "00:04:45", "text": "too far. That's the Secure America Act."}, {"start": "00:04:44", "end": "00:04:47", "text": "It's large, as you can see, and it's"}, {"start": "00:04:45", "end": "00:04:49", "text": "almost entirely funding for ICE and"}, {"start": "00:04:47", "end": "00:04:52", "text": "Customs and Border Protection. That was"}, {"start": "00:04:49", "end": "00:04:54", "text": "poised for passage until the White House"}, {"start": "00:04:52", "end": "00:04:56", "text": "and Senator Lindsey Graham added that $1"}, {"start": "00:04:54", "end": "00:04:58", "text": "billion dollar. You see that there? that"}, {"start": "00:04:56", "end": "00:05:00", "text": "small slice of this bill for the"}, {"start": "00:04:58", "end": "00:05:02", "text": "ballroom and for security. After that,"}, {"start": "00:05:00", "end": "00:05:05", "text": "the president and Justice Department"}, {"start": "00:05:02", "end": "00:05:06", "text": "announced that $1.8 billion settlement"}, {"start": "00:05:05", "end": "00:05:09", "text": "with Trump to establish a so-called"}, {"start": "00:05:06", "end": "00:05:11", "text": "weaponization fund to compensate those"}, {"start": "00:05:09", "end": "00:05:13", "text": "thought to be politically prosecuted."}, {"start": "00:05:11", "end": "00:05:16", "text": "That created both political and"}, {"start": "00:05:13", "end": "00:05:20", "text": "ideological havoc widely across the"}, {"start": "00:05:16", "end": "00:05:22", "text": "Senate Republican spectrum. So, Senator"}, {"start": "00:05:20", "end": "00:05:23", "text": "Thun, the leader of the Republicans in"}, {"start": "00:05:22", "end": "00:05:26", "text": "the Senate, called up the acting"}, {"start": "00:05:23", "end": "00:05:28", "text": "attorney general today to explain how"}, {"start": "00:05:26", "end": "00:05:31", "text": "this fund would work to try and reassure"}, {"start": "00:05:28", "end": "00:05:33", "text": "senators. He gave them a one-page"}, {"start": "00:05:31", "end": "00:05:35", "text": "basically bullet point document over how"}, {"start": "00:05:33", "end": "00:05:38", "text": "it would work, trying to reassure them,"}, {"start": "00:05:35", "end": "00:05:40", "text": "the opposite happened. After about two"}, {"start": "00:05:38", "end": "00:05:42", "text": "and a half hour meeting, a very tense"}, {"start": "00:05:40", "end": "00:05:44", "text": "one, Republican senators instead decided"}, {"start": "00:05:42", "end": "00:05:45", "text": "they would go home and pass nothing"}, {"start": "00:05:44", "end": "00:05:47", "text": "because they were not reassured about"}, {"start": "00:05:45", "end": "00:05:50", "text": "that fund at all."}, {"start": "00:05:47", "end": "00:05:52", "text": ">> All right. So what you see here is a lot"}, {"start": "00:05:50", "end": "00:05:54", "text": "of activity in DC that is really"}, {"start": "00:05:52", "end": "00:05:56", "text": "non-cryptoreated. In fact, it's really"}, {"start": "00:05:54", "end": "00:05:58", "text": "more power struggles between the"}, {"start": "00:05:56", "end": "00:06:00", "text": "Democrats and the Republicans and they"}, {"start": "00:05:58", "end": "00:06:02", "text": "continue to try to push a lot of things"}, {"start": "00:06:00", "end": "00:06:04", "text": "through I think before the midterms"}, {"start": "00:06:02", "end": "00:06:06", "text": "because they are in control at least"}, {"start": "00:06:04", "end": "00:06:09", "text": "right now and I say they meaning the"}, {"start": "00:06:06", "end": "00:06:10", "text": "Republicans and I think that's why you"}, {"start": "00:06:09", "end": "00:06:12", "text": "are seeing so many of these different"}, {"start": "00:06:10", "end": "00:06:14", "text": "scenarios that are playing into this and"}, {"start": "00:06:12", "end": "00:06:16", "text": "the only thing that's happening is it"}, {"start": "00:06:14", "end": "00:06:17", "text": "takes more time out of the potential to"}, {"start": "00:06:16", "end": "00:06:19", "text": "get this passed and I think this is the"}, {"start": "00:06:17", "end": "00:06:21", "text": "problem right now that we are dealing"}, {"start": "00:06:19", "end": "00:06:22", "text": "with is that we have a DC and"}, {"start": "00:06:21", "end": "00:06:24", "text": "administration that is not really"}, {"start": "00:06:22", "end": "00:06:26", "text": "focused on where the digital asset"}, {"start": "00:06:24", "end": "00:06:29", "text": "market is heading. And I don't"}, {"start": "00:06:26", "end": "00:06:32", "text": "understand this with the power of these"}, {"start": "00:06:29", "end": "00:06:33", "text": "lobbies. This is going to be critical"}, {"start": "00:06:32", "end": "00:06:36", "text": "going into the midterm. Maybe they know"}, {"start": "00:06:33", "end": "00:06:38", "text": "something that I don't around how this"}, {"start": "00:06:36", "end": "00:06:39", "text": "plays out. Uh but if you just look at"}, {"start": "00:06:38", "end": "00:06:42", "text": "the way these things are coming"}, {"start": "00:06:39", "end": "00:06:44", "text": "together, it's not necessarily good. One"}, {"start": "00:06:42", "end": "00:06:45", "text": "thing that looks good but may not"}, {"start": "00:06:44", "end": "00:06:48", "text": "necessarily be good is the stock market."}, {"start": "00:06:45", "end": "00:06:49", "text": "And this hits another all-time record."}, {"start": "00:06:48", "end": "00:06:52", "text": "You've got other issues hitting right"}, {"start": "00:06:49", "end": "00:06:54", "text": "here. The S&P 500 volume soarsed to a"}, {"start": "00:06:52", "end": "00:06:56", "text": "new all-time high. And really, it boils"}, {"start": "00:06:54", "end": "00:07:00", "text": "down to this right here. 10 stocks make"}, {"start": "00:06:56", "end": "00:07:02", "text": "up 40% of the S&P 500. Guys, think about"}, {"start": "00:07:00", "end": "00:07:05", "text": "that for a second. Almost half of the"}, {"start": "00:07:02", "end": "00:07:07", "text": "entire S&P 500 are sitting in 10"}, {"start": "00:07:05", "end": "00:07:08", "text": "different trades. That's the kind of"}, {"start": "00:07:07", "end": "00:07:10", "text": "situation we're dealing with right now,"}, {"start": "00:07:08", "end": "00:07:13", "text": "which simply means it is the halves and"}, {"start": "00:07:10", "end": "00:07:15", "text": "the have nots. That's the market that we"}, {"start": "00:07:13", "end": "00:07:16", "text": "are dealing with right now. I want to go"}, {"start": "00:07:15", "end": "00:07:20", "text": "to a further clip here because talk"}, {"start": "00:07:16", "end": "00:07:22", "text": "about a bare market. Tom Lee explains a"}, {"start": "00:07:20", "end": "00:07:24", "text": "bit more. Take a look."}, {"start": "00:07:22", "end": "00:07:26", "text": ">> But aren't you still calling for a"}, {"start": "00:07:24", "end": "00:07:28", "text": "pullback in stocks and something"}, {"start": "00:07:26", "end": "00:07:31", "text": "meaningful? Like the one we had already"}, {"start": "00:07:28", "end": "00:07:32", "text": "didn't really qualify, if you will,"}, {"start": "00:07:31", "end": "00:07:35", "text": "under what you were thinking could"}, {"start": "00:07:32", "end": "00:07:37", "text": "happen, right?"}, {"start": "00:07:35", "end": "00:07:39", "text": ">> That's right, Scott. I think we had uh"}, {"start": "00:07:37", "end": "00:07:42", "text": "like what Ed Yardi would call a rolling"}, {"start": "00:07:39", "end": "00:07:45", "text": "bare market and things like mag 7 and of"}, {"start": "00:07:42", "end": "00:07:48", "text": "course last year in energy, but in"}, {"start": "00:07:45", "end": "00:07:49", "text": "software, etc. But I think later this"}, {"start": "00:07:48", "end": "00:07:51", "text": "year the market is going to confront a"}, {"start": "00:07:49", "end": "00:07:53", "text": "few things. You know, one of course is"}, {"start": "00:07:51", "end": "00:07:55", "text": "just your typical midterm seasonality."}, {"start": "00:07:53", "end": "00:07:58", "text": "You know, the uncertainty into that. The"}, {"start": "00:07:55", "end": "00:07:59", "text": "second is that there is a a a day of"}, {"start": "00:07:58", "end": "00:08:02", "text": "reckoning coming because the inventory"}, {"start": "00:07:59", "end": "00:08:05", "text": "of petroleum products is short and not"}, {"start": "00:08:02", "end": "00:08:07", "text": "being alleviated anytime soon. Tom, I"}, {"start": "00:08:05", "end": "00:08:09", "text": "want to make sure I heard you right. Are"}, {"start": "00:08:07", "end": "00:08:12", "text": "you calling for a rolling bare market in"}, {"start": "00:08:09", "end": "00:08:14", "text": "MAG 7 names? Cuz is that what you're"}, {"start": "00:08:12", "end": "00:08:16", "text": "looking for? you you look for these"}, {"start": "00:08:14", "end": "00:08:19", "text": "stocks to become weaker at some point"}, {"start": "00:08:16", "end": "00:08:20", "text": "and dramatically so at some point this"}, {"start": "00:08:19", "end": "00:08:21", "text": "year. Is that is that what I heard you"}, {"start": "00:08:20", "end": "00:08:23", "text": "say?"}, {"start": "00:08:21", "end": "00:08:25", "text": ">> Oh, to clarify, I think that I think"}, {"start": "00:08:23", "end": "00:08:28", "text": "we've already had a bare market in Mag 7"}, {"start": "00:08:25", "end": "00:08:30", "text": "and software. I think there's going to"}, {"start": "00:08:28", "end": "00:08:33", "text": "be a bare market in other stocks later"}, {"start": "00:08:30", "end": "00:08:35", "text": "this year. Yes. Um but I think it's"}, {"start": "00:08:33", "end": "00:08:38", "text": "going to spare the Mag 7 and software."}, {"start": "00:08:35", "end": "00:08:41", "text": "So, it's going to be names that either"}, {"start": "00:08:38", "end": "00:08:43", "text": "got lofty or are going to be affected by"}, {"start": "00:08:41", "end": "00:08:45", "text": "the fact that there is a lot of supply"}, {"start": "00:08:43", "end": "00:08:46", "text": "of new stock later this year or the"}, {"start": "00:08:45", "end": "00:08:48", "text": "companies that are going to get hit by"}, {"start": "00:08:46", "end": "00:08:50", "text": "this shortage in petroleum products. So,"}, {"start": "00:08:48", "end": "00:08:53", "text": "I think there's reasons that we could"}, {"start": "00:08:50", "end": "00:08:56", "text": "have headwinds later this year."}, {"start": "00:08:53", "end": "00:08:57", "text": ">> All right. So, you look at just to kind"}, {"start": "00:08:56", "end": "00:08:59", "text": "of follow along here, I'm just going to"}, {"start": "00:08:57", "end": "00:09:01", "text": "run through some of the Mac 7 that I"}, {"start": "00:08:59", "end": "00:09:02", "text": "like. And you've got Nvidia here that"}, {"start": "00:09:01", "end": "00:09:05", "text": "has been pretty much up and and to the"}, {"start": "00:09:02", "end": "00:09:07", "text": "right over really since about March."}, {"start": "00:09:05", "end": "00:09:09", "text": "uh has been up. Let's go to Micro"}, {"start": "00:09:07", "end": "00:09:12", "text": "Strategy which has been on the floor"}, {"start": "00:09:09", "end": "00:09:15", "text": "down from what was 360 back in October"}, {"start": "00:09:12", "end": "00:09:17", "text": "of last year and it's fallen down to 160"}, {"start": "00:09:15", "end": "00:09:19", "text": "right now. So half that rate. Then you"}, {"start": "00:09:17", "end": "00:09:22", "text": "look at someone like Tesla which has"}, {"start": "00:09:19", "end": "00:09:23", "text": "been somewhat sideways. So I don't know"}, {"start": "00:09:22", "end": "00:09:27", "text": "if he's talking about this how this gets"}, {"start": "00:09:23", "end": "00:09:30", "text": "saved. There's Microsoft also down. Meta"}, {"start": "00:09:27", "end": "00:09:32", "text": "also very erratic but trending down. And"}, {"start": "00:09:30", "end": "00:09:34", "text": "then we'll go to Palanteer also another"}, {"start": "00:09:32", "end": "00:09:35", "text": "one that has been trending down with the"}, {"start": "00:09:34", "end": "00:09:38", "text": "exception of just the last little bit of"}, {"start": "00:09:35", "end": "00:09:40", "text": "activity over the last week or so. So"}, {"start": "00:09:38", "end": "00:09:42", "text": "maybe the bare market that he's talking"}, {"start": "00:09:40", "end": "00:09:45", "text": "about is has happened for these. Does"}, {"start": "00:09:42", "end": "00:09:46", "text": "this look forward and are there some"}, {"start": "00:09:45", "end": "00:09:49", "text": "other things that start to get hit?"}, {"start": "00:09:46", "end": "00:09:52", "text": "Because remember gold is still holding"}, {"start": "00:09:49", "end": "00:09:54", "text": "somewhat solid right now at 4500 but"}, {"start": "00:09:52", "end": "00:09:56", "text": "it's somewhat sideways after really that"}, {"start": "00:09:54", "end": "00:09:59", "text": "all-time high right there that we hit"}, {"start": "00:09:56", "end": "00:10:01", "text": "back in what was that in January. So"}, {"start": "00:09:59", "end": "00:10:02", "text": "setting it around 5,500. So there's a"}, {"start": "00:10:01", "end": "00:10:04", "text": "lot of things right now. First of all, I"}, {"start": "00:10:02", "end": "00:10:06", "text": "think there's some opportunity here with"}, {"start": "00:10:04", "end": "00:10:08", "text": "volatility like this. There are some"}, {"start": "00:10:06", "end": "00:10:09", "text": "trades to be made whether you're going"}, {"start": "00:10:08", "end": "00:10:11", "text": "into securities or whether you're doing"}, {"start": "00:10:09", "end": "00:10:13", "text": "something in even in the crypto side of"}, {"start": "00:10:11", "end": "00:10:15", "text": "things because there's a handful that"}, {"start": "00:10:13", "end": "00:10:18", "text": "actually have some activity going"}, {"start": "00:10:15", "end": "00:10:20", "text": "forward. So I'm still thinking that Tom"}, {"start": "00:10:18", "end": "00:10:22", "text": "is"}, {"start": "00:10:20", "end": "00:10:25", "text": "remember he is still has a massive"}, {"start": "00:10:22", "end": "00:10:28", "text": "massive stake in Ethereum. So all of"}, {"start": "00:10:25", "end": "00:10:31", "text": "this needs to get to a point where ETH"}, {"start": "00:10:28", "end": "00:10:33", "text": "does well for BMR. That's Tom Lee in a"}, {"start": "00:10:31", "end": "00:10:34", "text": "nutshell. I think the real question is"}, {"start": "00:10:33", "end": "00:10:37", "text": "what will the rest of the market do with"}, {"start": "00:10:34", "end": "00:10:40", "text": "it? Here of course is looking at Bitcoin"}, {"start": "00:10:37", "end": "00:10:42", "text": "and right now Khi is saying that traders"}, {"start": "00:10:40", "end": "00:10:45", "text": "forecasting Bitcoin will not hit"}, {"start": "00:10:42", "end": "00:10:48", "text": "$100,000 this year. I'm hearing complete"}, {"start": "00:10:45", "end": "00:10:50", "text": "opposite from a lot of analysts that are"}, {"start": "00:10:48", "end": "00:10:52", "text": "pointing to all-time high this year for"}, {"start": "00:10:50", "end": "00:10:54", "text": "Bitcoin and others out there. You've got"}, {"start": "00:10:52", "end": "00:10:56", "text": "consumer sentiment officially falls to"}, {"start": "00:10:54", "end": "00:10:58", "text": "its lowest level on record going back to"}, {"start": "00:10:56", "end": "00:11:00", "text": "1952."}, {"start": "00:10:58", "end": "00:11:04", "text": "I don't know anybody that was even born"}, {"start": "00:11:00", "end": "00:11:06", "text": "in the 1950s. It's down 10% last month."}, {"start": "00:11:04", "end": "00:11:07", "text": "So think about that guys. I don't even"}, {"start": "00:11:06", "end": "00:11:10", "text": "know how you would register that all the"}, {"start": "00:11:07", "end": "00:11:12", "text": "way back to 52 because the kind of"}, {"start": "00:11:10", "end": "00:11:14", "text": "consumers we have today are completely"}, {"start": "00:11:12", "end": "00:11:16", "text": "different. That could be actually worse"}, {"start": "00:11:14", "end": "00:11:18", "text": "than what the record was because of the"}, {"start": "00:11:16", "end": "00:11:20", "text": "kind of consumption that's going on in"}, {"start": "00:11:18", "end": "00:11:22", "text": "the United States today around"}, {"start": "00:11:20", "end": "00:11:24", "text": "consumers. This is a problem I think in"}, {"start": "00:11:22", "end": "00:11:27", "text": "general. Investors are pulling money out"}, {"start": "00:11:24", "end": "00:11:30", "text": "of Bitcoin and ETH ETFs at a record"}, {"start": "00:11:27", "end": "00:11:32", "text": "pace. We've got SP spot. Bitcoin ETFs"}, {"start": "00:11:30", "end": "00:11:34", "text": "saw another 109 million outflows, making"}, {"start": "00:11:32", "end": "00:11:36", "text": "it five straight days of withdraw"}, {"start": "00:11:34", "end": "00:11:38", "text": "withdrawals. And of course, ETH also"}, {"start": "00:11:36", "end": "00:11:41", "text": "lost 32 million, extending their outflow"}, {"start": "00:11:38", "end": "00:11:43", "text": "streak to nine consecutive days. So, the"}, {"start": "00:11:41", "end": "00:11:46", "text": "two biggest assets in in digital assets"}, {"start": "00:11:43", "end": "00:11:48", "text": "right now suffering on what has been the"}, {"start": "00:11:46", "end": "00:11:51", "text": "performance on Wall Street and that has"}, {"start": "00:11:48", "end": "00:11:53", "text": "been the ETFs in general. Uh Trump is"}, {"start": "00:11:51", "end": "00:11:55", "text": "set to swear in Kevin Walsh. It's"}, {"start": "00:11:53", "end": "00:11:57", "text": "happening uh on Friday. It just"}, {"start": "00:11:55", "end": "00:12:00", "text": "happened. Uh as the first Bitcoin chair,"}, {"start": "00:11:57", "end": "00:12:02", "text": "we'll see. Uh the other thing that I"}, {"start": "00:12:00", "end": "00:12:05", "text": "would say is he's the first chair that"}, {"start": "00:12:02", "end": "00:12:07", "text": "maybe got handed a big pile of you know"}, {"start": "00:12:05", "end": "00:12:10", "text": "what because he's getting high"}, {"start": "00:12:07", "end": "00:12:12", "text": "inflation, a war that's active. He's"}, {"start": "00:12:10", "end": "00:12:15", "text": "dealing with consumer sentiment,"}, {"start": "00:12:12", "end": "00:12:18", "text": "all-time lows, and a very erratic market"}, {"start": "00:12:15", "end": "00:12:20", "text": "right now based on energy. Oil is really"}, {"start": "00:12:18", "end": "00:12:21", "text": "dictating a lot of this. How he plays"}, {"start": "00:12:20", "end": "00:12:24", "text": "this next few months is going to be"}, {"start": "00:12:21", "end": "00:12:26", "text": "critical. I think the question is"}, {"start": "00:12:24", "end": "00:12:28", "text": "whether or not he can stay independent."}, {"start": "00:12:26", "end": "00:12:29", "text": "Here's here's what they had to say about"}, {"start": "00:12:28", "end": "00:12:32", "text": "that. Take a look."}, {"start": "00:12:29", "end": "00:12:34", "text": ">> And honestly, I really mean this. This"}, {"start": "00:12:32", "end": "00:12:37", "text": "is not said in any other way. I want"}, {"start": "00:12:34", "end": "00:12:39", "text": "Kevin to be totally independent. I want"}, {"start": "00:12:37", "end": "00:12:41", "text": "him to be independent and just do a"}, {"start": "00:12:39", "end": "00:12:43", "text": "great job. Don't look at me. Don't look"}, {"start": "00:12:41", "end": "00:12:47", "text": "at anybody. Just do your own thing and"}, {"start": "00:12:43", "end": "00:12:47", "text": "do a great job. Okay."}, {"start": "00:12:50", "end": "00:12:56", "text": "I'm thinking that that stare is don't"}, {"start": "00:12:54", "end": "00:12:58", "text": "listen to what I say."}, {"start": "00:12:56", "end": "00:13:00", "text": "listen to what I told you and that is"}, {"start": "00:12:58", "end": "00:13:02", "text": "cut rates. I don't think Wars is going"}, {"start": "00:13:00", "end": "00:13:04", "text": "to do that. He's a bit more hawkish. I"}, {"start": "00:13:02", "end": "00:13:06", "text": "think he's cooked. Yeah, Kevin is"}, {"start": "00:13:04", "end": "00:13:07", "text": "cooked. That's the problem right now,"}, {"start": "00:13:06", "end": "00:13:10", "text": "guys. We are rolling into because that"}, {"start": "00:13:07", "end": "00:13:12", "text": "of course goes into summer, which is"}, {"start": "00:13:10", "end": "00:13:14", "text": "when we might see some of these dips"}, {"start": "00:13:12", "end": "00:13:18", "text": "occur. The other thing that causes this"}, {"start": "00:13:14", "end": "00:13:20", "text": "to either bounce or possibly even"}, {"start": "00:13:18", "end": "00:13:22", "text": "recover, meaning a bottom could be in,"}, {"start": "00:13:20", "end": "00:13:24", "text": "is all really trickled into this"}, {"start": "00:13:22", "end": "00:13:26", "text": "situation right here. And that is the"}, {"start": "00:13:24", "end": "00:13:29", "text": "final draft of the US Iranian uh"}, {"start": "00:13:26", "end": "00:13:31", "text": "agreement is now somewhat in order. How"}, {"start": "00:13:29", "end": "00:13:34", "text": "many times have we heard this guys? How"}, {"start": "00:13:31", "end": "00:13:36", "text": "many times have they cried wolf about"}, {"start": "00:13:34", "end": "00:13:38", "text": "this? Well, this is what they're dealing"}, {"start": "00:13:36", "end": "00:13:40", "text": "with right now. And it deals with a few"}, {"start": "00:13:38", "end": "00:13:41", "text": "things. Comprehensive ceasefire, uh"}, {"start": "00:13:40", "end": "00:13:43", "text": "parties must agree to refrain from"}, {"start": "00:13:41", "end": "00:13:46", "text": "targeting. Then you've got freedom of"}, {"start": "00:13:43", "end": "00:13:48", "text": "navigation in the uh straight of Hermuz"}, {"start": "00:13:46", "end": "00:13:50", "text": "sanctions gradually lifted. But the"}, {"start": "00:13:48", "end": "00:13:51", "text": "biggest issue that I think we've got to"}, {"start": "00:13:50", "end": "00:13:55", "text": "deal with is how are they going to"}, {"start": "00:13:51", "end": "00:13:56", "text": "handle the nuclear material. That's the"}, {"start": "00:13:55", "end": "00:13:58", "text": "real question that I think Trump is"}, {"start": "00:13:56", "end": "00:14:00", "text": "going to get kind of sideways on if they"}, {"start": "00:13:58", "end": "00:14:02", "text": "don't comply. And it could be the"}, {"start": "00:14:00", "end": "00:14:03", "text": "sticking point going forward. Okay. So,"}, {"start": "00:14:02", "end": "00:14:06", "text": "I've got a clip for you that breaks down"}, {"start": "00:14:03", "end": "00:14:08", "text": "a little bit of where the Iranians have"}, {"start": "00:14:06", "end": "00:14:10", "text": "been utilizing Bitcoin. Warren's going"}, {"start": "00:14:08", "end": "00:14:12", "text": "to have field day with this one, but"}, {"start": "00:14:10", "end": "00:14:14", "text": "they're using Bitcoin to basically stock"}, {"start": "00:14:12", "end": "00:14:16", "text": "their coffers so they can go out and"}, {"start": "00:14:14", "end": "00:14:18", "text": "create terrorism around the world, I"}, {"start": "00:14:16", "end": "00:14:19", "text": "guess. Let's take a look."}, {"start": "00:14:18", "end": "00:14:22", "text": ">> The companies pay the insurance"}, {"start": "00:14:19", "end": "00:14:24", "text": "companies in Bitcoin and they get"}, {"start": "00:14:22", "end": "00:14:26", "text": "through the straight safely. That's the"}, {"start": "00:14:24", "end": "00:14:28", "text": "trade-off. It's a direct move to dodge"}, {"start": "00:14:26", "end": "00:14:31", "text": "our banks and scoop up a fresh source of"}, {"start": "00:14:28", "end": "00:14:34", "text": "cash. And this covers a much larger"}, {"start": "00:14:31", "end": "00:14:36", "text": "shadow economy. New estimates from a"}, {"start": "00:14:34", "end": "00:14:38", "text": "threat detection data firm show Tyrron"}, {"start": "00:14:36", "end": "00:14:43", "text": "is sitting on a crypto pile worth a"}, {"start": "00:14:38", "end": "00:14:45", "text": "staggering $7.7 billion. that Warchest"}, {"start": "00:14:43", "end": "00:14:47", "text": "has been expanding ever since heavy"}, {"start": "00:14:45", "end": "00:14:49", "text": "sanctions cracked down."}, {"start": "00:14:47", "end": "00:14:50", "text": ">> All right, so threat detection data"}, {"start": "00:14:49", "end": "00:14:52", "text": "firm, don't know who that is, where that"}, {"start": "00:14:50", "end": "00:14:54", "text": "7.7 billion came in. I'm assuming this"}, {"start": "00:14:52", "end": "00:14:56", "text": "data is out there. Listen, it's on an"}, {"start": "00:14:54", "end": "00:14:58", "text": "open network. We should be able to track"}, {"start": "00:14:56", "end": "00:15:00", "text": "this pretty easily from a forensic"}, {"start": "00:14:58", "end": "00:15:03", "text": "standpoint in terms of what is actually"}, {"start": "00:15:00", "end": "00:15:05", "text": "going through the Iranians around the"}, {"start": "00:15:03", "end": "00:15:07", "text": "straight of Hormuz. So, uh hopefully"}, {"start": "00:15:05", "end": "00:15:10", "text": "we'll get some more data on this as we"}, {"start": "00:15:07", "end": "00:15:12", "text": "go forward. Let's go into another topic"}, {"start": "00:15:10", "end": "00:15:14", "text": "and that is who really controls the"}, {"start": "00:15:12", "end": "00:15:17", "text": "strait right now. Here's Pierce Morgan."}, {"start": "00:15:14", "end": "00:15:18", "text": ">> Who controls who controls the Iranian"}, {"start": "00:15:17", "end": "00:15:20", "text": "military capability? Who controls the"}, {"start": "00:15:18", "end": "00:15:21", "text": "straight of that was achieved in space."}, {"start": "00:15:20", "end": "00:15:23", "text": ">> Yeah. But who controls the straight of"}, {"start": "00:15:21", "end": "00:15:25", "text": ">> actually? I mean the United States."}, {"start": "00:15:23", "end": "00:15:26", "text": "Okay. The problem is also Iran is"}, {"start": "00:15:25", "end": "00:15:27", "text": "threatening to shipping. But the United"}, {"start": "00:15:26", "end": "00:15:29", "text": "States actually does control the"}, {"start": "00:15:27", "end": "00:15:31", "text": "straight of Hormuz because we have a"}, {"start": "00:15:29", "end": "00:15:32", "text": "that's complete delusional nonsense. Of"}, {"start": "00:15:31", "end": "00:15:34", "text": "course they don't."}, {"start": "00:15:32", "end": "00:15:36", "text": ">> Well well then why can't Iran get its"}, {"start": "00:15:34", "end": "00:15:38", "text": "ships out? Why can't the rest of the"}, {"start": "00:15:36", "end": "00:15:38", "text": "world get their get their tankers"}, {"start": "00:15:38", "end": "00:15:39", "text": "through?"}, {"start": "00:15:38", "end": "00:15:41", "text": ">> Because they're not willing to take the"}, {"start": "00:15:39", "end": "00:15:42", "text": "risk of Iranian harassment, but that"}, {"start": "00:15:41", "end": "00:15:43", "text": "doesn't mean that they have like"}, {"start": "00:15:42", "end": "00:15:45", "text": "meaningful control over the straight."}, {"start": "00:15:43", "end": "00:15:47", "text": ">> Just to be clear, you think the United"}, {"start": "00:15:45", "end": "00:15:49", "text": "States is controlling access through the"}, {"start": "00:15:47", "end": "00:15:50", "text": "straight of moose right now."}, {"start": "00:15:49", "end": "00:15:53", "text": ">> Yeah, effectively. Yeah,"}, {"start": "00:15:50", "end": "00:15:55", "text": ">> that's complete nonsense."}, {"start": "00:15:53", "end": "00:15:58", "text": ">> They have a full blockade on Iran. All"}, {"start": "00:15:55", "end": "00:16:00", "text": "all the Iranian portaching"}, {"start": "00:15:58", "end": "00:16:02", "text": "you out. We've almost reached a stage of"}, {"start": "00:16:00", "end": "00:16:04", "text": "Baghdad Bob. This is I guess we're"}, {"start": "00:16:02", "end": "00:16:06", "text": "having a semantic debate about control,"}, {"start": "00:16:04", "end": "00:16:07", "text": "right? Like obviously Iran still retains"}, {"start": "00:16:06", "end": "00:16:08", "text": "the ability to harass. They don't"}, {"start": "00:16:07", "end": "00:16:10", "text": "control the same way."}, {"start": "00:16:08", "end": "00:16:13", "text": ">> Pierce, let me use an example. You"}, {"start": "00:16:10", "end": "00:16:17", "text": "wouldn't say that al-Qaeda controls"}, {"start": "00:16:13", "end": "00:16:19", "text": "American uh airports because we all have"}, {"start": "00:16:17", "end": "00:16:22", "text": "to go through the TSA to be concerned"}, {"start": "00:16:19", "end": "00:16:24", "text": "about whether they might blow up"}, {"start": "00:16:22", "end": "00:16:26", "text": "airplanes. Terrorism."}, {"start": "00:16:24", "end": "00:16:28", "text": "That is the most that's the most"}, {"start": "00:16:26", "end": "00:16:31", "text": "torturous argument I think I've ever"}, {"start": "00:16:28", "end": "00:16:34", "text": "heard. You're comparing the TSA to the"}, {"start": "00:16:31", "end": "00:16:36", "text": "straight of hormones situation"}, {"start": "00:16:34", "end": "00:16:37", "text": ">> in the same way the TSA controls an"}, {"start": "00:16:36", "end": "00:16:39", "text": "airport, right?"}, {"start": "00:16:37", "end": "00:16:41", "text": ">> So, I'm not really sure what the problem"}, {"start": "00:16:39", "end": "00:16:43", "text": "is. How is it that the rest of the"}, {"start": "00:16:41", "end": "00:16:45", "text": "world's looking at this going, \"Where's"}, {"start": "00:16:43", "end": "00:16:48", "text": "all our energy?\" If if everything is as"}, {"start": "00:16:45", "end": "00:16:50", "text": "you guys are trying to sell it to me,"}, {"start": "00:16:48", "end": "00:16:52", "text": "uh, and it's a bit of snake oil stuff"}, {"start": "00:16:50", "end": "00:16:55", "text": "going on here, then I don't know what"}, {"start": "00:16:52", "end": "00:16:55", "text": "the problem is."}, {"start": "00:16:55", "end": "00:16:59", "text": ">> All right. So what this boils down to"}, {"start": "00:16:57", "end": "00:17:01", "text": "guys is energy. At the end of the day,"}, {"start": "00:16:59", "end": "00:17:04", "text": "if they don't get this thing open, it is"}, {"start": "00:17:01", "end": "00:17:06", "text": "going to affect nations around the"}, {"start": "00:17:04", "end": "00:17:09", "text": "world. And this is a concern right now"}, {"start": "00:17:06", "end": "00:17:10", "text": "because it also I think will affect"}, {"start": "00:17:09", "end": "00:17:12", "text": "what's going to happen in the markets."}, {"start": "00:17:10", "end": "00:17:14", "text": "Oil is related to what's going on in"}, {"start": "00:17:12", "end": "00:17:16", "text": "crypto in a very very big way. Here's"}, {"start": "00:17:14", "end": "00:17:19", "text": "the thing. I don't don't understand why"}, {"start": "00:17:16", "end": "00:17:20", "text": "oil isn't much higher than it is right"}, {"start": "00:17:19", "end": "00:17:22", "text": "now."}, {"start": "00:17:20", "end": "00:17:24", "text": "And of course, you look at the coffers"}, {"start": "00:17:22", "end": "00:17:26", "text": "of what's playing into Asia, Europe, all"}, {"start": "00:17:24", "end": "00:17:28", "text": "of that is starting to get very, very"}, {"start": "00:17:26", "end": "00:17:30", "text": "thin. So, this is going to get heated"}, {"start": "00:17:28", "end": "00:17:31", "text": "very quickly. And I think it's probably"}, {"start": "00:17:30", "end": "00:17:34", "text": "within the next 30 days, we'll see"}, {"start": "00:17:31", "end": "00:17:36", "text": "something major hit one of these major"}, {"start": "00:17:34", "end": "00:17:41", "text": "countries. And at that time, things are"}, {"start": "00:17:36", "end": "00:17:41", "text": "going to get dicey. So, stay tuned."}, {"start": "00:17:45", "end": "00:17:49", "text": "If you like this video, hit like and"}, {"start": "00:17:47", "end": "00:17:51", "text": "subscribe. Drop a comment down below and"}, {"start": "00:17:49", "end": "00:17:55", "text": "also join our free private member group."}, {"start": "00:17:51", "end": "00:17:55", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The biggest IPO in American history is"}, {"start": "00:00:02", "end": "00:00:06", "text": "about to make its way to Wall Street and"}, {"start": "00:00:04", "end": "00:00:08", "text": "that is SpaceX. We'll break it down for"}, {"start": "00:00:06", "end": "00:00:10", "text": "you guys today. It is a big one because"}, {"start": "00:00:08", "end": "00:00:12", "text": "you're going to ask, should I buy into"}, {"start": "00:00:10", "end": "00:00:13", "text": "this? I think I have a spoiler alert for"}, {"start": "00:00:12", "end": "00:00:15", "text": "you. Before I get into it, I do want to"}, {"start": "00:00:13", "end": "00:00:16", "text": "thank our sponsor and that is Tandem"}, {"start": "00:00:15", "end": "00:00:19", "text": "where you can get your secure crypto"}, {"start": "00:00:16", "end": "00:00:21", "text": "hardware wallet. And this is self-"}, {"start": "00:00:19", "end": "00:00:22", "text": "custody at its finest. If you're brand"}, {"start": "00:00:21", "end": "00:00:24", "text": "new to crypto, there's a lot of you that"}, {"start": "00:00:22", "end": "00:00:26", "text": "are brand new to the show right now."}, {"start": "00:00:24", "end": "00:00:28", "text": "What I invite you to do is learn a"}, {"start": "00:00:26", "end": "00:00:30", "text": "little bit about self- custody. You'll"}, {"start": "00:00:28", "end": "00:00:33", "text": "be surprised one at how easy it is. The"}, {"start": "00:00:30", "end": "00:00:34", "text": "other how secure it is. And then I think"}, {"start": "00:00:33", "end": "00:00:37", "text": "the biggest surprise you're going to get"}, {"start": "00:00:34", "end": "00:00:38", "text": "is how much freedom you feel in"}, {"start": "00:00:37", "end": "00:00:40", "text": "controlling your own assets. The way you"}, {"start": "00:00:38", "end": "00:00:42", "text": "do it is click the link down below. It's"}, {"start": "00:00:40", "end": "00:00:43", "text": "going to give you a big a big discount"}, {"start": "00:00:42", "end": "00:00:45", "text": "that's going to stack on top of the"}, {"start": "00:00:43", "end": "00:00:46", "text": "discounts that they currently have"}, {"start": "00:00:45", "end": "00:00:49", "text": "available. So check out self custody"}, {"start": "00:00:46", "end": "00:00:53", "text": "over on tandem.com. Let's lead off right"}, {"start": "00:00:49", "end": "00:00:54", "text": "here with the SpaceX IPO. Right now it"}, {"start": "00:00:53", "end": "00:00:57", "text": "is officially filed. It's the largest"}, {"start": "00:00:54", "end": "00:00:59", "text": "IPO human history, targeting a valuation"}, {"start": "00:00:57", "end": "00:01:02", "text": "of 1.75"}, {"start": "00:00:59", "end": "00:01:04", "text": "trillion. That is unbelievable. Starlink"}, {"start": "00:01:02", "end": "00:01:06", "text": "is the only part of the business though"}, {"start": "00:01:04", "end": "00:01:09", "text": "that's making money. And right now, the"}, {"start": "00:01:06", "end": "00:01:12", "text": "AI segment generated about 818 million"}, {"start": "00:01:09", "end": "00:01:14", "text": "in revenue, but lost another 2.5 billion"}, {"start": "00:01:12", "end": "00:01:17", "text": "in the same quarter. So, there are"}, {"start": "00:01:14", "end": "00:01:20", "text": "issues that SpaceX is dealing with."}, {"start": "00:01:17", "end": "00:01:22", "text": "However, you're seeing a lot of people"}, {"start": "00:01:20", "end": "00:01:23", "text": "that are continuing to push this out on"}, {"start": "00:01:22", "end": "00:01:25", "text": "the main street. And we'll talk about"}, {"start": "00:01:23", "end": "00:01:27", "text": "why this may not necessarily be a play."}, {"start": "00:01:25", "end": "00:01:28", "text": "If you are looking at buying it right"}, {"start": "00:01:27", "end": "00:01:29", "text": "now, the only place you're going to be"}, {"start": "00:01:28", "end": "00:01:32", "text": "able to do that is via crypto,"}, {"start": "00:01:29", "end": "00:01:33", "text": "hyperlquid, salana, ETH, etc. is going"}, {"start": "00:01:32", "end": "00:01:35", "text": "to be able to the platforms. Here, of"}, {"start": "00:01:33", "end": "00:01:37", "text": "course, is trade XYZ and give an"}, {"start": "00:01:35", "end": "00:01:38", "text": "example. The advantage you have here is"}, {"start": "00:01:37", "end": "00:01:41", "text": "the way these oracles are going to work"}, {"start": "00:01:38", "end": "00:01:43", "text": "is they're going to shift from what is"}, {"start": "00:01:41", "end": "00:01:45", "text": "being done right here in the pre-tock"}, {"start": "00:01:43", "end": "00:01:47", "text": "side of things to actually getting the"}, {"start": "00:01:45", "end": "00:01:49", "text": "actual asset and you wouldn't have to"}, {"start": "00:01:47", "end": "00:01:51", "text": "sell. So, that is one advantage if you"}, {"start": "00:01:49", "end": "00:01:52", "text": "want to trade volatility. I'm not"}, {"start": "00:01:51", "end": "00:01:54", "text": "telling you to do that and this is not"}, {"start": "00:01:52", "end": "00:01:57", "text": "financial advice. In fact, I would"}, {"start": "00:01:54", "end": "00:01:59", "text": "probably go the exact opposite. Not"}, {"start": "00:01:57", "end": "00:02:02", "text": "buying this. In my opinion, this is a"}, {"start": "00:01:59", "end": "00:02:04", "text": "10-ft pole is where I'd be away from it."}, {"start": "00:02:02", "end": "00:02:05", "text": "Looking for it down the road for"}, {"start": "00:02:04", "end": "00:02:07", "text": "volatility. I'll explain there's going"}, {"start": "00:02:05", "end": "00:02:09", "text": "to be some opportunities to get into"}, {"start": "00:02:07", "end": "00:02:11", "text": "this maybe a little bit later. You can"}, {"start": "00:02:09", "end": "00:02:13", "text": "kind of see right here as it's uh"}, {"start": "00:02:11", "end": "00:02:15", "text": "dipping right there on lighter. You can"}, {"start": "00:02:13", "end": "00:02:16", "text": "get it. And of course, right here is a"}, {"start": "00:02:15", "end": "00:02:18", "text": "good statement. You are the exit"}, {"start": "00:02:16", "end": "00:02:20", "text": "liquidity for this. And there's many"}, {"start": "00:02:18", "end": "00:02:23", "text": "reasons why. One of the biggest issues"}, {"start": "00:02:20", "end": "00:02:26", "text": "is the IPO IPO valuation is targeting 90"}, {"start": "00:02:23", "end": "00:02:28", "text": "times revenues. Guy guys, that's a uh"}, {"start": "00:02:26", "end": "00:02:30", "text": "unbelievable rate. I want you to think"}, {"start": "00:02:28", "end": "00:02:32", "text": "about this. Most software companies go"}, {"start": "00:02:30", "end": "00:02:34", "text": "at 10 times revenue. Okay? Most good"}, {"start": "00:02:32", "end": "00:02:37", "text": "software companies 10 times revenue. A"}, {"start": "00:02:34", "end": "00:02:40", "text": "really blue sky company that has some"}, {"start": "00:02:37", "end": "00:02:43", "text": "amazing product and service, 20 times"}, {"start": "00:02:40", "end": "00:02:46", "text": "revenue. This is 90 times revenue. We're"}, {"start": "00:02:43", "end": "00:02:48", "text": "talking almost 5x of the biggest blue"}, {"start": "00:02:46", "end": "00:02:51", "text": "sky that's ever been done before. and"}, {"start": "00:02:48", "end": "00:02:54", "text": "we're setting on it coming to uh the US"}, {"start": "00:02:51", "end": "00:02:56", "text": "stock market. So, danger, danger,"}, {"start": "00:02:54", "end": "00:02:58", "text": "danger. Here is a good example of why"}, {"start": "00:02:56", "end": "00:03:01", "text": "they're doing it, though. It explains a"}, {"start": "00:02:58", "end": "00:03:03", "text": "little bit, I think. Take a look."}, {"start": "00:03:01", "end": "00:03:06", "text": "Basically, why does SpaceX need to go"}, {"start": "00:03:03", "end": "00:03:08", "text": "public for the function of raising lots"}, {"start": "00:03:06", "end": "00:03:10", "text": "of money? What they're outlining in the"}, {"start": "00:03:08", "end": "00:03:11", "text": "document, and it's dense, right? I've"}, {"start": "00:03:10", "end": "00:03:14", "text": "been through as much of it as I can in"}, {"start": "00:03:11", "end": "00:03:16", "text": "six minutes. Is a world where if they"}, {"start": "00:03:14", "end": "00:03:18", "text": "get their rocket launch system fully"}, {"start": "00:03:16", "end": "00:03:20", "text": "reusable and the cadence right, they"}, {"start": "00:03:18", "end": "00:03:24", "text": "build out a massive network of"}, {"start": "00:03:20", "end": "00:03:26", "text": "satellites that operate as data centers."}, {"start": "00:03:24", "end": "00:03:29", "text": "But the point of the data centers is"}, {"start": "00:03:26", "end": "00:03:32", "text": "inference running AI workloads on a"}, {"start": "00:03:29", "end": "00:03:34", "text": "dollar per token basis. That would make"}, {"start": "00:03:32", "end": "00:03:36", "text": "them, if they can get the economics of"}, {"start": "00:03:34", "end": "00:03:39", "text": "it right, better and more competitive"}, {"start": "00:03:36", "end": "00:03:42", "text": "than a data center here on Earth. The"}, {"start": "00:03:39", "end": "00:03:46", "text": "money raised from this IPO, which we can"}, {"start": "00:03:42", "end": "00:03:47", "text": "get into in a sec, is used to buy GPUs."}, {"start": "00:03:46", "end": "00:03:51", "text": ">> All right. So, they're trying to buy"}, {"start": "00:03:47", "end": "00:03:54", "text": "GPUs from Jensen. And uh you've got AI"}, {"start": "00:03:51", "end": "00:03:56", "text": "anthropic that is paying Elon another"}, {"start": "00:03:54", "end": "00:04:00", "text": "1.25 billion per month right now until"}, {"start": "00:03:56", "end": "00:04:04", "text": "May of 29 2029. And this is all on the"}, {"start": "00:04:00", "end": "00:04:05", "text": "idea of putting data centers in space."}, {"start": "00:04:04", "end": "00:04:07", "text": "So, there's some concern about that."}, {"start": "00:04:05", "end": "00:04:09", "text": "Here of course is Bezos talking about"}, {"start": "00:04:07", "end": "00:04:13", "text": "this that the thermodynamics makes this"}, {"start": "00:04:09", "end": "00:04:14", "text": "idea unfeasible. I'm not a space or"}, {"start": "00:04:13", "end": "00:04:17", "text": "rocket scientist but what I do"}, {"start": "00:04:14", "end": "00:04:18", "text": "understand I am a technologist and I've"}, {"start": "00:04:17", "end": "00:04:21", "text": "understood data centers for a very long"}, {"start": "00:04:18", "end": "00:04:23", "text": "time. Cooling is the number one thing"}, {"start": "00:04:21", "end": "00:04:25", "text": "you've got to be able to do. So if this"}, {"start": "00:04:23", "end": "00:04:27", "text": "is even a challenge the real question is"}, {"start": "00:04:25", "end": "00:04:29", "text": "this is just is this just a huge facade?"}, {"start": "00:04:27", "end": "00:04:32", "text": "I think the biggest advantage for SpaceX"}, {"start": "00:04:29", "end": "00:04:34", "text": "is transport. Possibly going out there"}, {"start": "00:04:32", "end": "00:04:36", "text": "and maybe placing satellites, continuing"}, {"start": "00:04:34", "end": "00:04:38", "text": "to build out an a space infrastructure,"}, {"start": "00:04:36", "end": "00:04:40", "text": "those kind of things. And being a"}, {"start": "00:04:38", "end": "00:04:41", "text": "government uh contractor, I think, is"}, {"start": "00:04:40", "end": "00:04:42", "text": "probably going to be the biggest. I"}, {"start": "00:04:41", "end": "00:04:44", "text": "don't know about data centers. I'm a"}, {"start": "00:04:42", "end": "00:04:46", "text": "little bit on the sideways uh with that"}, {"start": "00:04:44", "end": "00:04:49", "text": "one. Let me go to a clip here of Tom"}, {"start": "00:04:46", "end": "00:04:52", "text": "Lee. He explains SpaceX will only"}, {"start": "00:04:49", "end": "00:04:53", "text": "benefit a few key investors. Take a"}, {"start": "00:04:52", "end": "00:04:55", "text": "look."}, {"start": "00:04:53", "end": "00:04:57", "text": "So I think the consumer is getting a"}, {"start": "00:04:55", "end": "00:04:59", "text": "tailwind later this year but a lot of it"}, {"start": "00:04:57", "end": "00:05:01", "text": "is if for those who own equity"}, {"start": "00:04:59", "end": "00:05:03", "text": ">> I mean a tailwind from the from owning"}, {"start": "00:05:01", "end": "00:05:05", "text": "the IPOs."}, {"start": "00:05:03", "end": "00:05:08", "text": ">> Well the it's actually the private"}, {"start": "00:05:05", "end": "00:05:11", "text": "investors as we know SpaceX was probably"}, {"start": "00:05:08", "end": "00:05:13", "text": "seated at you know $50 million but now"}, {"start": "00:05:11", "end": "00:05:16", "text": "it's going to have a net worth valuation"}, {"start": "00:05:13", "end": "00:05:18", "text": "of around$ 1.7 trillion. So that that's"}, {"start": "00:05:16", "end": "00:05:21", "text": "actually now going to be monetized uh"}, {"start": "00:05:18", "end": "00:05:23", "text": "for the LPS of the funds that invested"}, {"start": "00:05:21", "end": "00:05:25", "text": "in SpaceX. So they're, you know, several"}, {"start": "00:05:23", "end": "00:05:26", "text": "trillion dollars is is quite a lot of"}, {"start": "00:05:25", "end": "00:05:29", "text": "stimulus to the economy."}, {"start": "00:05:26", "end": "00:05:30", "text": ">> Wow. Okay. Um Hampton's real estate"}, {"start": "00:05:29", "end": "00:05:32", "text": "market, watch out."}, {"start": "00:05:30", "end": "00:05:34", "text": ">> But yeah, exactly. Hampton's real estate"}, {"start": "00:05:32", "end": "00:05:36", "text": "market, watch out. What you're talking"}, {"start": "00:05:34", "end": "00:05:38", "text": "about here, guys, is the original"}, {"start": "00:05:36", "end": "00:05:40", "text": "private equity investors, the private"}, {"start": "00:05:38", "end": "00:05:42", "text": "investor. They're going to be the ones"}, {"start": "00:05:40", "end": "00:05:44", "text": "who take away from the table. It is not"}, {"start": "00:05:42", "end": "00:05:46", "text": "going to be retail. Just understand"}, {"start": "00:05:44", "end": "00:05:50", "text": "that. We've seen this in many IPOs"}, {"start": "00:05:46", "end": "00:05:52", "text": "before. This one is on hypers speed. So"}, {"start": "00:05:50", "end": "00:05:54", "text": "it's a big deal as we look at it right"}, {"start": "00:05:52", "end": "00:05:57", "text": "now. Elon Musk has said uh that SpaceX"}, {"start": "00:05:54", "end": "00:05:59", "text": "has an unlimited TAM. That's total"}, {"start": "00:05:57", "end": "00:06:00", "text": "addressable market. You look at this"}, {"start": "00:05:59", "end": "00:06:04", "text": "right here. Oh, we think it might just"}, {"start": "00:06:00", "end": "00:06:06", "text": "be 28 trillion. That's the kind of"}, {"start": "00:06:04", "end": "00:06:08", "text": "nonsense that's being spewed right now"}, {"start": "00:06:06", "end": "00:06:09", "text": "around this. And listen, I'm a I'm a"}, {"start": "00:06:08", "end": "00:06:11", "text": "Starlink user. I love Starlink. It's one"}, {"start": "00:06:09", "end": "00:06:13", "text": "of the best products I've ever used."}, {"start": "00:06:11", "end": "00:06:15", "text": "I've driven Teslas and owned them."}, {"start": "00:06:13", "end": "00:06:19", "text": "They're great products. SpaceX is a"}, {"start": "00:06:15", "end": "00:06:22", "text": "great company. It is not $1.75 trillion"}, {"start": "00:06:19", "end": "00:06:23", "text": "great, but it could have a place. That's"}, {"start": "00:06:22", "end": "00:06:25", "text": "the key here. It could have a place"}, {"start": "00:06:23", "end": "00:06:26", "text": "going forward. These are the companies"}, {"start": "00:06:25", "end": "00:06:29", "text": "though that are racing right now for"}, {"start": "00:06:26", "end": "00:06:32", "text": "IPOs. And the reason is who's going to"}, {"start": "00:06:29", "end": "00:06:34", "text": "dump on who? You got anthropic and open"}, {"start": "00:06:32", "end": "00:06:36", "text": "AI going head-to-head here right now."}, {"start": "00:06:34", "end": "00:06:39", "text": "And it is a race because the race is"}, {"start": "00:06:36", "end": "00:06:42", "text": "trying to get to prowess around AI and"}, {"start": "00:06:39", "end": "00:06:43", "text": "who is going to control it. We may see"}, {"start": "00:06:42", "end": "00:06:45", "text": "only a handful of companies coming out."}, {"start": "00:06:43", "end": "00:06:47", "text": "Much like what we saw in the computing"}, {"start": "00:06:45", "end": "00:06:48", "text": "industry, much like what we saw in the"}, {"start": "00:06:47", "end": "00:06:51", "text": "data center industry, and there's only"}, {"start": "00:06:48", "end": "00:06:53", "text": "one AWS truly. Yes, there's others out"}, {"start": "00:06:51", "end": "00:06:55", "text": "there, but do they matter compared to"}, {"start": "00:06:53", "end": "00:06:57", "text": "someone like an AWS? There's only one"}, {"start": "00:06:55", "end": "00:06:58", "text": "YouTube. There's only one Google. The"}, {"start": "00:06:57", "end": "00:07:00", "text": "point is is there's going to be a"}, {"start": "00:06:58", "end": "00:07:02", "text": "winner. And I think that's the race"}, {"start": "00:07:00", "end": "00:07:03", "text": "that's underway right now. Let me go to"}, {"start": "00:07:02", "end": "00:07:06", "text": "a clip real quick because this kind of"}, {"start": "00:07:03", "end": "00:07:08", "text": "extends the the grift a bit. And it"}, {"start": "00:07:06", "end": "00:07:12", "text": "talks about how the rich have been able"}, {"start": "00:07:08", "end": "00:07:15", "text": "to place these bets in these really"}, {"start": "00:07:12", "end": "00:07:17", "text": "overhyped sectors and space is kind of"}, {"start": "00:07:15", "end": "00:07:19", "text": "becoming the new AI. And here's Mark"}, {"start": "00:07:17", "end": "00:07:21", "text": "Cuban talking about it."}, {"start": "00:07:19", "end": "00:07:22", "text": ">> I gave this company, this dude's out of"}, {"start": "00:07:21", "end": "00:07:24", "text": "um Dallas, um Tim Ellis and his buddies,"}, {"start": "00:07:22", "end": "00:07:25", "text": "they said they wanted to start a space"}, {"start": "00:07:24", "end": "00:07:26", "text": "company. I'm like, I don't know"}, {"start": "00:07:25", "end": "00:07:28", "text": "about space, but I'll get you started"}, {"start": "00:07:26", "end": "00:07:29", "text": "and see what happens. Right. I still"}, {"start": "00:07:28", "end": "00:07:31", "text": "never met him, right? It was all email."}, {"start": "00:07:29", "end": "00:07:33", "text": "Never met him. Now I've invested a few"}, {"start": "00:07:31", "end": "00:07:33", "text": "million. They're worth $4 billion."}, {"start": "00:07:33", "end": "00:07:35", "text": ">> No way."}, {"start": "00:07:33", "end": "00:07:36", "text": ">> Yeah. Relativity space. Yeah. these"}, {"start": "00:07:35", "end": "00:07:38", "text": "guys. Yeah, that's Tim, right?"}, {"start": "00:07:36", "end": "00:07:40", "text": ">> I'm an ex Blue Origin intern. Got a $500"}, {"start": "00:07:38", "end": "00:07:41", "text": "check from Mark Cubin to build a major"}, {"start": "00:07:40", "end": "00:07:43", "text": "SpaceX rival. Wow."}, {"start": "00:07:41", "end": "00:07:46", "text": ">> If I got lucky, you know, like sometimes"}, {"start": "00:07:43", "end": "00:07:47", "text": "just making yourself available opens a"}, {"start": "00:07:46", "end": "00:07:48", "text": "lot of doors."}, {"start": "00:07:47", "end": "00:07:50", "text": ">> So, yeah, I like the whole idea if"}, {"start": "00:07:48", "end": "00:07:51", "text": "you're available for writing half"}, {"start": "00:07:50", "end": "00:07:53", "text": "million dollar checks, you're going to"}, {"start": "00:07:51", "end": "00:07:55", "text": "see these kind of opportunities pop up."}, {"start": "00:07:53", "end": "00:07:57", "text": "And believe me, when you're at the top"}, {"start": "00:07:55", "end": "00:07:59", "text": "of the totem pole in terms of investor,"}, {"start": "00:07:57", "end": "00:08:02", "text": "especially in private equity and private"}, {"start": "00:07:59", "end": "00:08:03", "text": "investment, everybody's going to Cuban."}, {"start": "00:08:02", "end": "00:08:05", "text": "of course he's getting the best deals"}, {"start": "00:08:03", "end": "00:08:08", "text": "and then they're dumping on the retail"}, {"start": "00:08:05", "end": "00:08:10", "text": "market which is all grifting around some"}, {"start": "00:08:08", "end": "00:08:12", "text": "of this right now. So we've seen it in"}, {"start": "00:08:10", "end": "00:08:14", "text": "every category. You see in AI, you've"}, {"start": "00:08:12", "end": "00:08:16", "text": "seen it in crypto. You're going to see"}, {"start": "00:08:14", "end": "00:08:18", "text": "it in SpaceX and others around it."}, {"start": "00:08:16", "end": "00:08:21", "text": "You've seen it in compute. You've seen"}, {"start": "00:08:18", "end": "00:08:22", "text": "it almost in every technology that has"}, {"start": "00:08:21", "end": "00:08:24", "text": "been out there. So it's not new, guys."}, {"start": "00:08:22", "end": "00:08:26", "text": "It's not new. Just pay attention out"}, {"start": "00:08:24", "end": "00:08:28", "text": "there as you start to go into this."}, {"start": "00:08:26", "end": "00:08:32", "text": "Here's Tom Lee. He actually says the"}, {"start": "00:08:28", "end": "00:08:35", "text": "words out loud. Take a look. In 90 days,"}, {"start": "00:08:32", "end": "00:08:37", "text": "two trillion of SpaceX stock becomes"}, {"start": "00:08:35", "end": "00:08:40", "text": "freely tradable. The stat I saw was like"}, {"start": "00:08:37", "end": "00:08:41", "text": "160 people in Austin, Texas, for"}, {"start": "00:08:40", "end": "00:08:43", "text": "instance, are going to make more than"}, {"start": "00:08:41", "end": "00:08:47", "text": "$100 million. The size of the IPOs"}, {"start": "00:08:43", "end": "00:08:50", "text": "coming, SpaceX, OpenA, Anthropic, and"}, {"start": "00:08:47", "end": "00:08:52", "text": "then the supply release 90 days later is"}, {"start": "00:08:50", "end": "00:08:54", "text": "something that we have to mechanically"}, {"start": "00:08:52", "end": "00:08:56", "text": "think about how the market absorbs all"}, {"start": "00:08:54", "end": "00:08:58", "text": "that cuz that's a lot of supply. I mean,"}, {"start": "00:08:56", "end": "00:09:02", "text": "that's collectively 4 trillion. It's"}, {"start": "00:08:58", "end": "00:09:05", "text": "like five, six, seven% of the S&P 500."}, {"start": "00:09:02", "end": "00:09:09", "text": ">> Think about that for a second. He's"}, {"start": "00:09:05", "end": "00:09:11", "text": "basically saying that five, five apples"}, {"start": "00:09:09", "end": "00:09:14", "text": "are going to launch. That's what you're"}, {"start": "00:09:11", "end": "00:09:17", "text": "dealing because Apple and even Google to"}, {"start": "00:09:14", "end": "00:09:19", "text": "a certain extent have taken decades to"}, {"start": "00:09:17", "end": "00:09:20", "text": "come to this level. You're literally"}, {"start": "00:09:19", "end": "00:09:23", "text": "launching five apples and Google's at"}, {"start": "00:09:20", "end": "00:09:25", "text": "one time. So, I agree with Mark and with"}, {"start": "00:09:23", "end": "00:09:26", "text": "uh with Tom in the sense that we're"}, {"start": "00:09:25", "end": "00:09:28", "text": "dealing with an issue right now, I"}, {"start": "00:09:26", "end": "00:09:30", "text": "think, where liquidity is going to get"}, {"start": "00:09:28", "end": "00:09:32", "text": "very very dicey. This could get sideways"}, {"start": "00:09:30", "end": "00:09:35", "text": "quickly. Other things that could start"}, {"start": "00:09:32", "end": "00:09:39", "text": "to put pressure on SpaceX is when and if"}, {"start": "00:09:35", "end": "00:09:43", "text": "the midterms go sideways. Because if it"}, {"start": "00:09:39", "end": "00:09:45", "text": "does go sideways and the Democrats take"}, {"start": "00:09:43", "end": "00:09:47", "text": "control of the House and the Senate, you"}, {"start": "00:09:45", "end": "00:09:50", "text": "can bet there are going to be"}, {"start": "00:09:47", "end": "00:09:52", "text": "investigation after investigation and"}, {"start": "00:09:50", "end": "00:09:54", "text": "it's all going to correlate to a lot of"}, {"start": "00:09:52", "end": "00:09:56", "text": "what's happened around Doge. And guess"}, {"start": "00:09:54", "end": "00:09:58", "text": "who is going to benefit that benefit"}, {"start": "00:09:56", "end": "00:10:01", "text": "from that? It's not going to be SpaceX."}, {"start": "00:09:58", "end": "00:10:04", "text": "Just like Tesla got damaged quite a bit"}, {"start": "00:10:01", "end": "00:10:05", "text": "when Elon was in the White House"}, {"start": "00:10:04", "end": "00:10:08", "text": "essentially getting Doge underway."}, {"start": "00:10:05", "end": "00:10:09", "text": "Everybody Tesla became toxic. It became"}, {"start": "00:10:08", "end": "00:10:11", "text": "toxic for the owners. It became toxic"}, {"start": "00:10:09", "end": "00:10:13", "text": "for the stock. Those are the kind of"}, {"start": "00:10:11", "end": "00:10:15", "text": "things that we may see facing uh SpaceX"}, {"start": "00:10:13", "end": "00:10:18", "text": "in a very short period of time. So when"}, {"start": "00:10:15", "end": "00:10:20", "text": "you look at the favorability chart here,"}, {"start": "00:10:18", "end": "00:10:23", "text": "you've got Elon starting to slowly drop"}, {"start": "00:10:20", "end": "00:10:25", "text": "down. And I think maybe there was a time"}, {"start": "00:10:23", "end": "00:10:28", "text": "when this could have been done and it"}, {"start": "00:10:25", "end": "00:10:31", "text": "might have sustained a $ 1.7 $ 1.5"}, {"start": "00:10:28", "end": "00:10:34", "text": "trillion valuation, but I think this"}, {"start": "00:10:31", "end": "00:10:36", "text": "goes uh really badly for SpaceX"}, {"start": "00:10:34", "end": "00:10:39", "text": "unfortunately for the investors in it"}, {"start": "00:10:36", "end": "00:10:41", "text": "for sure. However, remember Elon's going"}, {"start": "00:10:39", "end": "00:10:43", "text": "to be a trillionaire because of this."}, {"start": "00:10:41", "end": "00:10:46", "text": "And let's go back here. This is in"}, {"start": "00:10:43", "end": "00:10:48", "text": "December of last year. There was a 14%"}, {"start": "00:10:46", "end": "00:10:51", "text": "chance. And if you kind of dip further,"}, {"start": "00:10:48", "end": "00:10:54", "text": "it was Yeah. 14% chance of him being a"}, {"start": "00:10:51", "end": "00:10:57", "text": "trillionaire. Now you start to fly"}, {"start": "00:10:54", "end": "00:10:59", "text": "forward and here we are right now. 91%"}, {"start": "00:10:57", "end": "00:11:01", "text": "he's going to be a trillionaire and it"}, {"start": "00:10:59", "end": "00:11:03", "text": "all becomes from essentially right now"}, {"start": "00:11:01", "end": "00:11:05", "text": "what's going on with Starlink, SpaceX"}, {"start": "00:11:03", "end": "00:11:07", "text": "and of course eventually uh will be"}, {"start": "00:11:05", "end": "00:11:09", "text": "happening in the robotics side of things"}, {"start": "00:11:07", "end": "00:11:11", "text": "with Optimus. So as we see tokenized"}, {"start": "00:11:09", "end": "00:11:13", "text": "stocks starting to move to market,"}, {"start": "00:11:11", "end": "00:11:15", "text": "there's going to be a couple of winners."}, {"start": "00:11:13", "end": "00:11:16", "text": "If really I think if you boil it down,"}, {"start": "00:11:15", "end": "00:11:18", "text": "it's going to be Salana and Ethereum."}, {"start": "00:11:16", "end": "00:11:20", "text": "Those are the two that continue to fly."}, {"start": "00:11:18", "end": "00:11:23", "text": "And if you look at volume, Salana"}, {"start": "00:11:20", "end": "00:11:24", "text": "continues to be a winner as well. But I"}, {"start": "00:11:23", "end": "00:11:26", "text": "think the point being here is that"}, {"start": "00:11:24", "end": "00:11:28", "text": "crypto is going to be the picks and"}, {"start": "00:11:26", "end": "00:11:31", "text": "shovels of what happens around not only"}, {"start": "00:11:28", "end": "00:11:33", "text": "these early stage IPOs, but I think as"}, {"start": "00:11:31", "end": "00:11:35", "text": "we start to see more and more start to"}, {"start": "00:11:33", "end": "00:11:37", "text": "make it to market, whether it's in"}, {"start": "00:11:35", "end": "00:11:39", "text": "pre-tock trading or what we see on"}, {"start": "00:11:37", "end": "00:11:40", "text": "something like X stocks or pretocks,"}, {"start": "00:11:39", "end": "00:11:42", "text": "those are the kind of things that I"}, {"start": "00:11:40", "end": "00:11:44", "text": "think are going to be very beneficial"}, {"start": "00:11:42", "end": "00:11:45", "text": "and crypto will lead the way for that."}, {"start": "00:11:44", "end": "00:11:48", "text": "The other point that you have to"}, {"start": "00:11:45", "end": "00:11:51", "text": "consider is where is the market of"}, {"start": "00:11:48", "end": "00:11:52", "text": "crypto right now. Mark Cuban has an"}, {"start": "00:11:51", "end": "00:11:54", "text": "opinion."}, {"start": "00:11:52", "end": "00:11:56", "text": ">> This might get some people upset. I"}, {"start": "00:11:54", "end": "00:11:58", "text": "think Bitcoin has lost the plot and I've"}, {"start": "00:11:56", "end": "00:12:01", "text": "sold all of it. Um except not all of it,"}, {"start": "00:11:58", "end": "00:12:04", "text": "most of it. It was because when all the"}, {"start": "00:12:01", "end": "00:12:06", "text": " hit the fan um with the Iran war"}, {"start": "00:12:04", "end": "00:12:08", "text": "and I always thought it was a better"}, {"start": "00:12:06", "end": "00:12:10", "text": "version of gold than gold. Well, gold"}, {"start": "00:12:08", "end": "00:12:12", "text": "just blew up and went, you know, to"}, {"start": "00:12:10", "end": "00:12:14", "text": "$5,000. Bitcoin dropped."}, {"start": "00:12:12", "end": "00:12:16", "text": ">> Not such a hedge. No, it's not not the"}, {"start": "00:12:14", "end": "00:12:19", "text": "hedge that I expected to be. And that"}, {"start": "00:12:16", "end": "00:12:21", "text": "was really disappointing. And so I' I'd"}, {"start": "00:12:19", "end": "00:12:23", "text": "say I'm more disappointed in Bitcoin,"}, {"start": "00:12:21", "end": "00:12:25", "text": "not as disappointed in Ethereum and the"}, {"start": "00:12:23", "end": "00:12:28", "text": "rest garbage."}, {"start": "00:12:25", "end": "00:12:30", "text": ">> Okay. So remember that even though his"}, {"start": "00:12:28", "end": "00:12:32", "text": "position is different with Bitcoin,"}, {"start": "00:12:30", "end": "00:12:34", "text": "gold, he's talking about gold has been"}, {"start": "00:12:32", "end": "00:12:36", "text": "performing. And remember, gold is being"}, {"start": "00:12:34", "end": "00:12:38", "text": "tokenized right now and that is"}, {"start": "00:12:36", "end": "00:12:40", "text": "happening on picks and shovels. When you"}, {"start": "00:12:38", "end": "00:12:43", "text": "look at what's going on within Ethereum,"}, {"start": "00:12:40", "end": "00:12:45", "text": "this of course all pushes, I think, to"}, {"start": "00:12:43", "end": "00:12:47", "text": "maybe the next play. This could be"}, {"start": "00:12:45", "end": "00:12:48", "text": "Ethereum. I know the price action has"}, {"start": "00:12:47", "end": "00:12:50", "text": "not been and everybody's probably"}, {"start": "00:12:48", "end": "00:12:52", "text": "saying, \"Hey, Paul, maybe Ethereum is"}, {"start": "00:12:50", "end": "00:12:55", "text": "not the one that leads us out of this"}, {"start": "00:12:52", "end": "00:12:56", "text": "bare market.\" Or is it? So, uh, some"}, {"start": "00:12:55", "end": "00:12:59", "text": "people still very concerned about"}, {"start": "00:12:56", "end": "00:13:02", "text": "Ethereum. So much so that even the"}, {"start": "00:12:59", "end": "00:13:04", "text": "Bankless twins have dumped on the"}, {"start": "00:13:02", "end": "00:13:05", "text": "market. And of course, this is David"}, {"start": "00:13:04", "end": "00:13:07", "text": "Hoffman coming in from Bangla saying"}, {"start": "00:13:05", "end": "00:13:10", "text": "he's leaving us for here for historical"}, {"start": "00:13:07", "end": "00:13:12", "text": "record. The last Ethereum sale has taken"}, {"start": "00:13:10", "end": "00:13:14", "text": "place and the mood shift is there. Let"}, {"start": "00:13:12", "end": "00:13:16", "text": "me know what you guys think. Here's even"}, {"start": "00:13:14", "end": "00:13:17", "text": "Tully talking about it. He says, \"Hey,"}, {"start": "00:13:16", "end": "00:13:19", "text": "I've never sold any ETH and still have a"}, {"start": "00:13:17", "end": "00:13:22", "text": "bit from testing. A bit from testing in"}, {"start": "00:13:19", "end": "00:13:24", "text": "2018.\" I don't know what a bit is, but"}, {"start": "00:13:22", "end": "00:13:26", "text": "maybe to tell us. I'd love to know if"}, {"start": "00:13:24", "end": "00:13:28", "text": "he's really a holder there of ETH or"}, {"start": "00:13:26", "end": "00:13:29", "text": "just a dabbler. But really, what it"}, {"start": "00:13:28", "end": "00:13:32", "text": "boils down to is picks and shovels,"}, {"start": "00:13:29", "end": "00:13:34", "text": "guys. This is something that if we do"}, {"start": "00:13:32", "end": "00:13:36", "text": "see clarity come through, if we see the"}, {"start": "00:13:34", "end": "00:13:38", "text": "infrastructure starting to build be"}, {"start": "00:13:36", "end": "00:13:40", "text": "built on the new financial system,"}, {"start": "00:13:38", "end": "00:13:42", "text": "Salana and ETH are going to be the big"}, {"start": "00:13:40", "end": "00:13:44", "text": "winners. I still believe that this is"}, {"start": "00:13:42", "end": "00:13:46", "text": "something that I think you guys have to"}, {"start": "00:13:44", "end": "00:13:48", "text": "get ready for. This garbage that we're"}, {"start": "00:13:46", "end": "00:13:50", "text": "starting getting ready to see coming"}, {"start": "00:13:48", "end": "00:13:52", "text": "into the main markets right now with"}, {"start": "00:13:50", "end": "00:13:55", "text": "these IPOs, I just don't I'm not in on"}, {"start": "00:13:52", "end": "00:13:56", "text": "it yet. You haven't convinced me yet"}, {"start": "00:13:55", "end": "00:13:59", "text": "that that is the play. I am still"}, {"start": "00:13:56", "end": "00:14:01", "text": "looking at who wins this next evolution"}, {"start": "00:13:59", "end": "00:14:03", "text": "of finance because that's something that"}, {"start": "00:14:01", "end": "00:14:06", "text": "is attainable if we can get it done."}, {"start": "00:14:03", "end": "00:14:06", "text": "Stay tuned."}, {"start": "00:14:12", "end": "00:14:16", "text": "If you like this video, hit like and"}, {"start": "00:14:14", "end": "00:14:19", "text": "subscribe. Drop a comment down below and"}, {"start": "00:14:16", "end": "00:14:23", "text": "also join our free private member group."}, {"start": "00:14:19", "end": "00:14:23", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "A rate hike could be incoming. Today,"}, {"start": "00:00:02", "end": "00:00:06", "text": "we're going to be breaking it down for"}, {"start": "00:00:03", "end": "00:00:07", "text": "you. But before we get started, I want"}, {"start": "00:00:06", "end": "00:00:09", "text": "to thank our sponsors. You've probably"}, {"start": "00:00:07", "end": "00:00:11", "text": "heard me mention Uphold before, and"}, {"start": "00:00:09", "end": "00:00:13", "text": "there's a reason I keep talking about"}, {"start": "00:00:11", "end": "00:00:15", "text": "them. Uphold makes it incredibly easy to"}, {"start": "00:00:13", "end": "00:00:17", "text": "bridge the gap between your portfolio"}, {"start": "00:00:15", "end": "00:00:20", "text": "and the real world. This has not been"}, {"start": "00:00:17", "end": "00:00:22", "text": "done before. Their Uphold debit card is"}, {"start": "00:00:20", "end": "00:00:24", "text": "the best example of that. It lets you"}, {"start": "00:00:22", "end": "00:00:27", "text": "spend your crypto or your cash anywhere"}, {"start": "00:00:24", "end": "00:00:31", "text": "Visa is accepted, all while earning 4%"}, {"start": "00:00:27", "end": "00:00:33", "text": "back in XRP on every purchase. It's the"}, {"start": "00:00:31", "end": "00:00:36", "text": "easiest way to stack rewards on your"}, {"start": "00:00:33", "end": "00:00:38", "text": "daily spending. Download the Uphold app"}, {"start": "00:00:36", "end": "00:00:39", "text": "for more and get started. All right,"}, {"start": "00:00:38", "end": "00:00:40", "text": "guys. Let's get into it today because"}, {"start": "00:00:39", "end": "00:00:42", "text": "there's a couple of things I want to"}, {"start": "00:00:40", "end": "00:00:45", "text": "focus in on. The Fed rate hike potential"}, {"start": "00:00:42", "end": "00:00:47", "text": "in 2026. you had a little bit of a dip,"}, {"start": "00:00:45", "end": "00:00:48", "text": "but now here recently over the last few"}, {"start": "00:00:47", "end": "00:00:51", "text": "days, we've started to see this move and"}, {"start": "00:00:48", "end": "00:00:54", "text": "it's holding at a 34% but considerably"}, {"start": "00:00:51", "end": "00:00:58", "text": "up from where it was right there, which"}, {"start": "00:00:54", "end": "00:01:00", "text": "was May 20th just yesterday. We saw 23%."}, {"start": "00:00:58", "end": "00:01:03", "text": "And then all of a sudden, boom. And"}, {"start": "00:01:00", "end": "00:01:05", "text": "there's a reason why that has occurred,"}, {"start": "00:01:03", "end": "00:01:07", "text": "and that is this right here. The Fed"}, {"start": "00:01:05", "end": "00:01:10", "text": "meeting minutes now are showing that the"}, {"start": "00:01:07", "end": "00:01:13", "text": "majority of officials thought rate hikes"}, {"start": "00:01:10", "end": "00:01:15", "text": "may be needed if inflation persists. So,"}, {"start": "00:01:13", "end": "00:01:17", "text": "this is a big turn of events. I would"}, {"start": "00:01:15", "end": "00:01:19", "text": "agree with this. The market could see"}, {"start": "00:01:17", "end": "00:01:22", "text": "this in a bad way. In fact, if we see"}, {"start": "00:01:19", "end": "00:01:23", "text": "Kevin Worsh going in on this, I wonder"}, {"start": "00:01:22", "end": "00:01:26", "text": "how this is going to play out with"}, {"start": "00:01:23", "end": "00:01:30", "text": "Trump. The odds right now uh of a rate"}, {"start": "00:01:26", "end": "00:01:33", "text": "hike by January or above 55%."}, {"start": "00:01:30", "end": "00:01:36", "text": "Right now, rate cut 0%. So, this is not"}, {"start": "00:01:33", "end": "00:01:39", "text": "looking good for Trump's overall plan of"}, {"start": "00:01:36", "end": "00:01:41", "text": "what Kevin Walsh was designed to go in"}, {"start": "00:01:39", "end": "00:01:44", "text": "and do at the Fed. But instead, we may"}, {"start": "00:01:41", "end": "00:01:46", "text": "end up getting a a rate hike literally"}, {"start": "00:01:44", "end": "00:01:48", "text": "out of the first meeting. Let me go to a"}, {"start": "00:01:46", "end": "00:01:51", "text": "clip real real quick cuz this will get"}, {"start": "00:01:48", "end": "00:01:53", "text": "into whether or not it can be expected."}, {"start": "00:01:51", "end": "00:01:54", "text": "Take a look."}, {"start": "00:01:53", "end": "00:01:58", "text": ">> So, you turned some heads today because"}, {"start": "00:01:54", "end": "00:02:01", "text": "you're such a bull in this market and"}, {"start": "00:01:58", "end": "00:02:01", "text": "you stay with your target of 8250,"}, {"start": "00:02:01", "end": "00:02:03", "text": "right,"}, {"start": "00:02:01", "end": "00:02:05", "text": ">> for the end of the year, but you think"}, {"start": "00:02:03", "end": "00:02:09", "text": "the Fed could actually hike rates in"}, {"start": "00:02:05", "end": "00:02:12", "text": "July. the the 2-year is now indicating"}, {"start": "00:02:09", "end": "00:02:14", "text": "that the federal funds rate is too low."}, {"start": "00:02:12", "end": "00:02:17", "text": "The federal funds rate range is 3 and a"}, {"start": "00:02:14", "end": "00:02:20", "text": "half to 3.75%."}, {"start": "00:02:17", "end": "00:02:22", "text": "The two years at 4.1% and it's a pretty"}, {"start": "00:02:20", "end": "00:02:23", "text": "good leading indicator of what the Fed"}, {"start": "00:02:22", "end": "00:02:24", "text": "should do and very often it gets it"}, {"start": "00:02:23", "end": "00:02:26", "text": "right."}, {"start": "00:02:24", "end": "00:02:29", "text": ">> Ah, so you're one of those in the Fed"}, {"start": "00:02:26", "end": "00:02:31", "text": "follows the market camp it sounds like."}, {"start": "00:02:29", "end": "00:02:34", "text": ">> Well, I I think the Fed doesn't really"}, {"start": "00:02:31", "end": "00:02:36", "text": "want to get behind the market. uh being"}, {"start": "00:02:34", "end": "00:02:38", "text": "behind the market is being very much"}, {"start": "00:02:36", "end": "00:02:39", "text": "behind the curve."}, {"start": "00:02:38", "end": "00:02:41", "text": ">> All right, behind the market, behind the"}, {"start": "00:02:39", "end": "00:02:43", "text": "curve. That's what everybody's looking"}, {"start": "00:02:41", "end": "00:02:46", "text": "at. How I what I don't understand is how"}, {"start": "00:02:43", "end": "00:02:49", "text": "we get rate hikes and we could still see"}, {"start": "00:02:46", "end": "00:02:51", "text": "another blastoff in in terms of the spy."}, {"start": "00:02:49", "end": "00:02:52", "text": "So, very interesting points right now."}, {"start": "00:02:51", "end": "00:02:54", "text": "Now, there are some things that could"}, {"start": "00:02:52", "end": "00:02:56", "text": "play into this. Most of this has been"}, {"start": "00:02:54", "end": "00:02:58", "text": "centered around data collecting and this"}, {"start": "00:02:56", "end": "00:03:00", "text": "is something that Jerome Powell talked"}, {"start": "00:02:58", "end": "00:03:04", "text": "about all the time, but David Saxs talks"}, {"start": "00:03:00", "end": "00:03:05", "text": "about this as well and he goes into the"}, {"start": "00:03:04", "end": "00:03:06", "text": "process of how this could be modernized."}, {"start": "00:03:05", "end": "00:03:08", "text": "Take a look."}, {"start": "00:03:06", "end": "00:03:10", "text": ">> One thing that Worsh could do that I"}, {"start": "00:03:08", "end": "00:03:12", "text": "think would be very impactful is just"}, {"start": "00:03:10", "end": "00:03:12", "text": "get better data at the Fed."}, {"start": "00:03:12", "end": "00:03:14", "text": ">> Yes."}, {"start": "00:03:12", "end": "00:03:15", "text": ">> I mean, from what I understand, their"}, {"start": "00:03:14", "end": "00:03:17", "text": "data is all legacy. We have so much"}, {"start": "00:03:15", "end": "00:03:20", "text": "real-time data now in the private sector"}, {"start": "00:03:17", "end": "00:03:21", "text": "and the Fed. So, I was talking to Barry"}, {"start": "00:03:20", "end": "00:03:24", "text": "Sternick, you know, from Starwood, big"}, {"start": "00:03:21", "end": "00:03:26", "text": "real estate guy, about this, and he was"}, {"start": "00:03:24", "end": "00:03:28", "text": "telling me that the way they measure"}, {"start": "00:03:26", "end": "00:03:31", "text": "inflation for housing or for rentals,"}, {"start": "00:03:28", "end": "00:03:33", "text": "which is a major component, is they"}, {"start": "00:03:31", "end": "00:03:34", "text": "survey like 8,000 households to find out"}, {"start": "00:03:33", "end": "00:03:37", "text": "what their rent is. It's like, are you"}, {"start": "00:03:34", "end": "00:03:39", "text": "kidding? Is they're using stale data or"}, {"start": "00:03:37", "end": "00:03:40", "text": "laggy data, so they don't see the"}, {"start": "00:03:39", "end": "00:03:42", "text": "inflation when it's skyrocketing, but"}, {"start": "00:03:40", "end": "00:03:43", "text": "they're also not seeing when it's"}, {"start": "00:03:42", "end": "00:03:46", "text": "decreasing. If you think about the"}, {"start": "00:03:43", "end": "00:03:48", "text": "misallocation of resources that occurred"}, {"start": "00:03:46", "end": "00:03:51", "text": "as a result of the Fed not acting in"}, {"start": "00:03:48", "end": "00:03:52", "text": "June of 21, it cost our country"}, {"start": "00:03:51", "end": "00:03:53", "text": "trillions of dollars."}, {"start": "00:03:52", "end": "00:03:56", "text": ">> You know, it's actually a great point,"}, {"start": "00:03:53", "end": "00:03:58", "text": "Sax. You could probably make a bet or an"}, {"start": "00:03:56", "end": "00:04:00", "text": "investment on the idea that Kevin Worsh"}, {"start": "00:03:58", "end": "00:04:02", "text": "will lead the Fed to a new digital,"}, {"start": "00:04:00", "end": "00:04:05", "text": "better data system, more streamlined,"}, {"start": "00:04:02", "end": "00:04:06", "text": "more frequent, better data."}, {"start": "00:04:05", "end": "00:04:08", "text": "And then as an investor, you could ask"}, {"start": "00:04:06", "end": "00:04:10", "text": "yourself the question, okay, what are"}, {"start": "00:04:08", "end": "00:04:11", "text": "the implications of that being the case?"}, {"start": "00:04:10", "end": "00:04:12", "text": "And you could probably start to trade on"}, {"start": "00:04:11", "end": "00:04:14", "text": "that."}, {"start": "00:04:12", "end": "00:04:16", "text": "All right. So, if they do go real time,"}, {"start": "00:04:14", "end": "00:04:18", "text": "listen, that's blockchain, guys. We all"}, {"start": "00:04:16", "end": "00:04:20", "text": "know that. That's the only solution that"}, {"start": "00:04:18", "end": "00:04:22", "text": "would really give I think Kevin Worsh"}, {"start": "00:04:20", "end": "00:04:24", "text": "the upper hand here. Now that could"}, {"start": "00:04:22", "end": "00:04:27", "text": "change things dramatically because if"}, {"start": "00:04:24", "end": "00:04:28", "text": "you do get real-time inflation data, you"}, {"start": "00:04:27", "end": "00:04:30", "text": "get real-time market data, you get"}, {"start": "00:04:28", "end": "00:04:33", "text": "real-time jobs data, all that kind of"}, {"start": "00:04:30", "end": "00:04:36", "text": "analysis would really kind of change I"}, {"start": "00:04:33", "end": "00:04:38", "text": "think the maybe the forecast looking"}, {"start": "00:04:36", "end": "00:04:40", "text": "forward especially because right now"}, {"start": "00:04:38", "end": "00:04:42", "text": "remember every time that pal would come"}, {"start": "00:04:40", "end": "00:04:43", "text": "to that podium he always says we're look"}, {"start": "00:04:42", "end": "00:04:46", "text": "our forward-looking statements are based"}, {"start": "00:04:43", "end": "00:04:48", "text": "on more data more data coming in. I"}, {"start": "00:04:46", "end": "00:04:50", "text": "think this real-time data is a big deal"}, {"start": "00:04:48", "end": "00:04:51", "text": "and it could change the way the Fed"}, {"start": "00:04:50", "end": "00:04:54", "text": "breaks it all out. President Donald"}, {"start": "00:04:51", "end": "00:04:56", "text": "Trump though issued an executive order"}, {"start": "00:04:54", "end": "00:04:58", "text": "to allow integration of digital assets"}, {"start": "00:04:56", "end": "00:05:00", "text": "into traditional financial services."}, {"start": "00:04:58", "end": "00:05:02", "text": "It's a big deal as we go forward."}, {"start": "00:05:00", "end": "00:05:04", "text": "Meaning he's still a crypto president"}, {"start": "00:05:02", "end": "00:05:06", "text": "even though I'm still looking at him and"}, {"start": "00:05:04", "end": "00:05:08", "text": "other digital assets and other assets in"}, {"start": "00:05:06", "end": "00:05:11", "text": "general, but he is still in a crypto"}, {"start": "00:05:08", "end": "00:05:13", "text": "president role. The real question is how"}, {"start": "00:05:11", "end": "00:05:15", "text": "is he going to play this out if Worsh"}, {"start": "00:05:13", "end": "00:05:17", "text": "ends up doing a rate hike? The next"}, {"start": "00:05:15", "end": "00:05:19", "text": "thing I want to get to is where Sailor"}, {"start": "00:05:17", "end": "00:05:22", "text": "is and he thinks we are in a crypto"}, {"start": "00:05:19", "end": "00:05:25", "text": "spring. Listen to what he had to say."}, {"start": "00:05:22", "end": "00:05:27", "text": ">> Why you wear orange ties?"}, {"start": "00:05:25", "end": "00:05:29", "text": ">> You got how many?"}, {"start": "00:05:27", "end": "00:05:30", "text": ">> I got a few dozen. Every day is a good"}, {"start": "00:05:29", "end": "00:05:32", "text": "day for an orange tie, Joe."}, {"start": "00:05:30", "end": "00:05:34", "text": ">> A pseudo winner that we've been through"}, {"start": "00:05:32", "end": "00:05:35", "text": "for a while. Is that Are we near closer"}, {"start": "00:05:34", "end": "00:05:37", "text": "to the end?"}, {"start": "00:05:35", "end": "00:05:40", "text": ">> I think so. I mean, I think we we were"}, {"start": "00:05:37", "end": "00:05:43", "text": "at the top in October about 125. I think"}, {"start": "00:05:40", "end": "00:05:45", "text": "we bottomed at 60. I think we're moving"}, {"start": "00:05:43", "end": "00:05:46", "text": "into the spring phase. We've got decent"}, {"start": "00:05:45", "end": "00:05:48", "text": "support here in these levels. I think"}, {"start": "00:05:46", "end": "00:05:50", "text": "we'll rally from here. We're just"}, {"start": "00:05:48", "end": "00:05:51", "text": "working against a few macro headwinds"}, {"start": "00:05:50", "end": "00:05:52", "text": "right now."}, {"start": "00:05:51", "end": "00:05:55", "text": ">> Well, I think the the passage of the"}, {"start": "00:05:52", "end": "00:05:57", "text": "Clarity Act will be a big deal. I think"}, {"start": "00:05:55", "end": "00:05:59", "text": "uh even in the absence of that, the"}, {"start": "00:05:57", "end": "00:06:02", "text": "release of uh guidance that let you"}, {"start": "00:05:59", "end": "00:06:04", "text": "tokenize uh securities and and supports"}, {"start": "00:06:02", "end": "00:06:07", "text": "digital assets out of the SEC, the"}, {"start": "00:06:04", "end": "00:06:09", "text": "innovation of uh innovation exemption,"}, {"start": "00:06:07", "end": "00:06:11", "text": "that would be a big deal as well. If you"}, {"start": "00:06:09", "end": "00:06:13", "text": "can tokenize a bunch of securities, then"}, {"start": "00:06:11", "end": "00:06:15", "text": "you can shop for the best credit terms"}, {"start": "00:06:13", "end": "00:06:18", "text": "and the highest yield. and and in the"}, {"start": "00:06:15", "end": "00:06:20", "text": "20th century trades"}, {"start": "00:06:18", "end": "00:06:22", "text": "you just won't get credit, you just"}, {"start": "00:06:20", "end": "00:06:23", "text": "won't get yield and there's not a single"}, {"start": "00:06:22", "end": "00:06:26", "text": "thing you can do about it. And so"}, {"start": "00:06:23", "end": "00:06:28", "text": "tokenization is is a free market in"}, {"start": "00:06:26", "end": "00:06:31", "text": "capital and it's uh it creates just a"}, {"start": "00:06:28", "end": "00:06:33", "text": "higher velocity and a higher"}, {"start": "00:06:31", "end": "00:06:35", "text": "productivity for capital assets."}, {"start": "00:06:33", "end": "00:06:37", "text": ">> Finally was completely stable and"}, {"start": "00:06:35", "end": "00:06:39", "text": "reflected what 121 million the end"}, {"start": "00:06:37", "end": "00:06:40", "text": "result. What price are we talking about?"}, {"start": "00:06:39", "end": "00:06:42", "text": "Have you done the math on Well, I think"}, {"start": "00:06:40", "end": "00:06:44", "text": "21 years out, I don't know why it"}, {"start": "00:06:42", "end": "00:06:46", "text": "wouldn't be 21 million a coin."}, {"start": "00:06:44", "end": "00:06:49", "text": ">> All right, so there you go. Michael"}, {"start": "00:06:46", "end": "00:06:52", "text": "Sailor really going in on DeFi. Almost"}, {"start": "00:06:49", "end": "00:06:54", "text": "very unrecognizable in the sense of"}, {"start": "00:06:52", "end": "00:06:57", "text": "where he sees this going. Quite a bit"}, {"start": "00:06:54", "end": "00:06:58", "text": "different in terms of yes, Bitcoin is"}, {"start": "00:06:57", "end": "00:07:00", "text": "still the cornerstone of it, but a lot"}, {"start": "00:06:58", "end": "00:07:02", "text": "of the products and services what he's"}, {"start": "00:07:00", "end": "00:07:04", "text": "talking about there is really what what"}, {"start": "00:07:02", "end": "00:07:06", "text": "is going to happen in the DeFi era. The"}, {"start": "00:07:04", "end": "00:07:08", "text": "other thing that is key is some of the"}, {"start": "00:07:06", "end": "00:07:10", "text": "things that are happening on the macro"}, {"start": "00:07:08", "end": "00:07:12", "text": "horizon. One of the biggest macro"}, {"start": "00:07:10", "end": "00:07:14", "text": "horizons, I guess if you could consider"}, {"start": "00:07:12", "end": "00:07:16", "text": "this more legislative, is really where"}, {"start": "00:07:14", "end": "00:07:18", "text": "clarity is going to be. Cody Carbone now"}, {"start": "00:07:16", "end": "00:07:20", "text": "gives a roadmap of what he thinks is"}, {"start": "00:07:18", "end": "00:07:23", "text": "going to happen here. Take a look. The"}, {"start": "00:07:20", "end": "00:07:25", "text": "bill now progresses. That's ultimately"}, {"start": "00:07:23", "end": "00:07:26", "text": "going to be voted on on the Senate floor"}, {"start": "00:07:25", "end": "00:07:28", "text": "or where they're going to need 60 votes."}, {"start": "00:07:26", "end": "00:07:30", "text": "So, while it's great that we had two"}, {"start": "00:07:28", "end": "00:07:31", "text": "Democrats vote for it out of Senate"}, {"start": "00:07:30", "end": "00:07:33", "text": "Banking Committee last week, we need at"}, {"start": "00:07:31", "end": "00:07:35", "text": "least seven. And that's if you have"}, {"start": "00:07:33", "end": "00:07:36", "text": "every single Republican, 53 Republicans,"}, {"start": "00:07:35", "end": "00:07:38", "text": "you need at least seven Democrats."}, {"start": "00:07:36", "end": "00:07:40", "text": "There's a group of 12 Democrats that"}, {"start": "00:07:38", "end": "00:07:42", "text": "have been working on this over the last"}, {"start": "00:07:40", "end": "00:07:44", "text": "few months. So, the goal over the next"}, {"start": "00:07:42", "end": "00:07:47", "text": "two to three weeks is to finalize"}, {"start": "00:07:44", "end": "00:07:49", "text": "negotiations with them. Bring this one"}, {"start": "00:07:47", "end": "00:07:52", "text": "product to the Senate floor hopefully"}, {"start": "00:07:49", "end": "00:07:54", "text": "the second or third week of June is what"}, {"start": "00:07:52", "end": "00:07:56", "text": "we're looking at. Pass that bill on the"}, {"start": "00:07:54", "end": "00:07:58", "text": "Senate floor with a bipartisan vote."}, {"start": "00:07:56", "end": "00:07:59", "text": "Then it's got to go back to the House"}, {"start": "00:07:58", "end": "00:08:01", "text": "one more time because what the House"}, {"start": "00:07:59", "end": "00:08:03", "text": "passed last year, which feels like"}, {"start": "00:08:01", "end": "00:08:05", "text": "decades ago, is a substantially"}, {"start": "00:08:03", "end": "00:08:07", "text": "different bill. So, the House is going"}, {"start": "00:08:05", "end": "00:08:09", "text": "to have to vote one more time. And after"}, {"start": "00:08:07", "end": "00:08:10", "text": "the House votes, and you would hope that"}, {"start": "00:08:09", "end": "00:08:12", "text": "if it passes the Senate with a"}, {"start": "00:08:10", "end": "00:08:14", "text": "bipartisan vote, the House will pass it"}, {"start": "00:08:12", "end": "00:08:15", "text": "with a bipartisan vote as expected. This"}, {"start": "00:08:14", "end": "00:08:18", "text": "thing goes to the president's desk and"}, {"start": "00:08:15", "end": "00:08:20", "text": "they're hoping early July, a July 4th"}, {"start": "00:08:18", "end": "00:08:23", "text": "signing ceremony. But sometime sometime"}, {"start": "00:08:20", "end": "00:08:26", "text": "in July, President Trump signs this and"}, {"start": "00:08:23", "end": "00:08:28", "text": "clarity is enacted into law."}, {"start": "00:08:26", "end": "00:08:31", "text": ">> That would be unbelievable if that were"}, {"start": "00:08:28", "end": "00:08:33", "text": "to occur. Now, remember, all of this is"}, {"start": "00:08:31", "end": "00:08:35", "text": "boiling down to what's happening right"}, {"start": "00:08:33", "end": "00:08:37", "text": "now. I think especially as we lead into"}, {"start": "00:08:35", "end": "00:08:39", "text": "midterms. Now, there are some people out"}, {"start": "00:08:37", "end": "00:08:42", "text": "there though that still believe that"}, {"start": "00:08:39", "end": "00:08:44", "text": "clarity is not needed. Arthur Hayes says"}, {"start": "00:08:42", "end": "00:08:45", "text": "it. Take a look."}, {"start": "00:08:44", "end": "00:08:47", "text": ">> I said we don't need no regulations,"}, {"start": "00:08:45", "end": "00:08:48", "text": "right? Who cares? Clarity act. I hope"}, {"start": "00:08:47", "end": "00:08:49", "text": "Trump vetos it if it ever gets to his"}, {"start": "00:08:48", "end": "00:08:52", "text": "desk. Don't need any of these"}, {"start": "00:08:49", "end": "00:08:54", "text": "regulations. If Bitcoin and crypto"}, {"start": "00:08:52", "end": "00:08:55", "text": "needed regulations to survive, we"}, {"start": "00:08:54", "end": "00:08:56", "text": "wouldn't be worth a dime because what's"}, {"start": "00:08:55", "end": "00:08:59", "text": "the point? If you're just going to have"}, {"start": "00:08:56", "end": "00:09:01", "text": "another fugazi derivative that sits on"}, {"start": "00:08:59", "end": "00:09:03", "text": "some member of the financial systems"}, {"start": "00:09:01", "end": "00:09:05", "text": "balance sheet, we got that. We don't"}, {"start": "00:09:03", "end": "00:09:06", "text": "need that. What's the point? And I think"}, {"start": "00:09:05", "end": "00:09:09", "text": "people miss this distinction. The reason"}, {"start": "00:09:06", "end": "00:09:10", "text": "why banks want to offer this product to"}, {"start": "00:09:09", "end": "00:09:11", "text": "their clients is because the product"}, {"start": "00:09:10", "end": "00:09:13", "text": "does something for its client. It's a"}, {"start": "00:09:11", "end": "00:09:15", "text": "non-correlated asset that's done very,"}, {"start": "00:09:13", "end": "00:09:16", "text": "very well in inflationary environments"}, {"start": "00:09:15", "end": "00:09:18", "text": "and environments when lots of fiat has"}, {"start": "00:09:16", "end": "00:09:19", "text": "been created. Obviously, their clients"}, {"start": "00:09:18", "end": "00:09:20", "text": "want to have some of that, and the bank"}, {"start": "00:09:19", "end": "00:09:22", "text": "is in the business of making fees and"}, {"start": "00:09:20", "end": "00:09:23", "text": "providing the product that their clients"}, {"start": "00:09:22", "end": "00:09:24", "text": "want. So, sure, they want to onboard"}, {"start": "00:09:23", "end": "00:09:25", "text": "crypto."}, {"start": "00:09:24", "end": "00:09:26", "text": ">> Like, tell me this has any chance of"}, {"start": "00:09:25", "end": "00:09:28", "text": "passing."}, {"start": "00:09:26", "end": "00:09:29", "text": ">> I mean, I hope it doesn't pass, but"}, {"start": "00:09:28", "end": "00:09:31", "text": ">> All right. So there you've got Arthur"}, {"start": "00:09:29", "end": "00:09:33", "text": "talking about it that it's really not"}, {"start": "00:09:31", "end": "00:09:35", "text": "necessary. But at the same time, there"}, {"start": "00:09:33", "end": "00:09:38", "text": "are the traditional capitalists out"}, {"start": "00:09:35", "end": "00:09:39", "text": "there like Kevin Olirri who breaks it"}, {"start": "00:09:38", "end": "00:09:41", "text": "down saying, \"Hey, now's the chance.\""}, {"start": "00:09:39", "end": "00:09:43", "text": "See what he had to say."}, {"start": "00:09:41", "end": "00:09:45", "text": ">> Tokenization will never be adopted by"}, {"start": "00:09:43", "end": "00:09:47", "text": "institutional index ever. Neither will"}, {"start": "00:09:45", "end": "00:09:49", "text": "Bitcoin, which is still a fringe asset"}, {"start": "00:09:47", "end": "00:09:54", "text": "to the big guys. I mean, it it has to"}, {"start": "00:09:49", "end": "00:09:57", "text": "become compliant globally within the SEC"}, {"start": "00:09:54", "end": "00:10:00", "text": "with an actual passage of a bill. When"}, {"start": "00:09:57", "end": "00:10:02", "text": "that occurs,"}, {"start": "00:10:00", "end": "00:10:03", "text": "it's going to change everything."}, {"start": "00:10:02", "end": "00:10:05", "text": ">> But it hasn't happened yet. And the"}, {"start": "00:10:03", "end": "00:10:08", "text": "midterms are coming at November. The"}, {"start": "00:10:05", "end": "00:10:11", "text": "chance to pass this bill is now. The"}, {"start": "00:10:08", "end": "00:10:13", "text": "tragedy since last October on all of the"}, {"start": "00:10:11", "end": "00:10:15", "text": "altcoins, and I call them poo poo coins."}, {"start": "00:10:13", "end": "00:10:18", "text": "They got slaughtered because the large"}, {"start": "00:10:15", "end": "00:10:19", "text": "institutions preparing for indexing"}, {"start": "00:10:18", "end": "00:10:21", "text": "thinking the bill was going to pass at"}, {"start": "00:10:19", "end": "00:10:24", "text": "the end of October figured out that 97%"}, {"start": "00:10:21", "end": "00:10:26", "text": "of the entire vault of the entire market"}, {"start": "00:10:24", "end": "00:10:28", "text": "is simply BTC and ETH. That's all you"}, {"start": "00:10:26", "end": "00:10:29", "text": "need to own. You don't need to own"}, {"start": "00:10:28", "end": "00:10:30", "text": "anything else."}, {"start": "00:10:29", "end": "00:10:32", "text": ">> All right. So, you've got a couple of"}, {"start": "00:10:30", "end": "00:10:35", "text": "points there. I think the key is is when"}, {"start": "00:10:32", "end": "00:10:38", "text": "you look at regulatory frameworks being"}, {"start": "00:10:35", "end": "00:10:40", "text": "built around industries, almost every"}, {"start": "00:10:38", "end": "00:10:43", "text": "major industry out there has had some"}, {"start": "00:10:40", "end": "00:10:45", "text": "sort of regulatory alignment. So, if you"}, {"start": "00:10:43", "end": "00:10:47", "text": "agree that digital assets is an"}, {"start": "00:10:45", "end": "00:10:49", "text": "industry, which I believe it is, then"}, {"start": "00:10:47", "end": "00:10:50", "text": "there's going to be a regulatory"}, {"start": "00:10:49", "end": "00:10:53", "text": "framework. I don't think that we're"}, {"start": "00:10:50", "end": "00:10:56", "text": "going to be in a world where clarity"}, {"start": "00:10:53", "end": "00:10:58", "text": "isn't going to be a reality. So, uh, now"}, {"start": "00:10:56", "end": "00:11:00", "text": "I get it that there's a lot of OGs out"}, {"start": "00:10:58", "end": "00:11:02", "text": "there that, you know, like crypto,"}, {"start": "00:11:00", "end": "00:11:04", "text": "whether it's Bitcoin or ETH or, you"}, {"start": "00:11:02", "end": "00:11:05", "text": "know, any of the OGs in the in the"}, {"start": "00:11:04", "end": "00:11:07", "text": "center around saying that we don't"}, {"start": "00:11:05", "end": "00:11:10", "text": "necessarily need this. I think you have"}, {"start": "00:11:07", "end": "00:11:11", "text": "to look past that. You've got to look at"}, {"start": "00:11:10", "end": "00:11:13", "text": "where is this going to go as an"}, {"start": "00:11:11", "end": "00:11:15", "text": "industry. And I think that's where we"}, {"start": "00:11:13", "end": "00:11:18", "text": "are right now. I'm not agreeing with"}, {"start": "00:11:15", "end": "00:11:20", "text": "Oly. I still am on the fence. I do love"}, {"start": "00:11:18", "end": "00:11:22", "text": "DeFi. I still think that is a big part"}, {"start": "00:11:20", "end": "00:11:25", "text": "of this as well as privacy. All of this"}, {"start": "00:11:22", "end": "00:11:27", "text": "plays into it. But what I do know is if"}, {"start": "00:11:25", "end": "00:11:30", "text": "we don't get this done and we get a"}, {"start": "00:11:27", "end": "00:11:32", "text": "Democratic House and Senate, it is going"}, {"start": "00:11:30", "end": "00:11:36", "text": "to get interesting and probably not in a"}, {"start": "00:11:32", "end": "00:11:38", "text": "good way for uh crypto. Uh oil though is"}, {"start": "00:11:36", "end": "00:11:40", "text": "surging right now 100 buck 100 bucks"}, {"start": "00:11:38", "end": "00:11:42", "text": "after Iran's supreme leader ordered that"}, {"start": "00:11:40", "end": "00:11:43", "text": "enriched uranium must stay in Iran."}, {"start": "00:11:42", "end": "00:11:45", "text": "Remember they were talking about trying"}, {"start": "00:11:43", "end": "00:11:46", "text": "to get a third party to hold it. They"}, {"start": "00:11:45", "end": "00:11:49", "text": "talk about Russia. Then they come back"}, {"start": "00:11:46", "end": "00:11:52", "text": "and said this. Then right behind that,"}, {"start": "00:11:49", "end": "00:11:55", "text": "you have another drop in it, another"}, {"start": "00:11:52", "end": "00:11:57", "text": "2.3% after Iran denied the reports that"}, {"start": "00:11:55", "end": "00:12:00", "text": "they said that. So, I mean, this oil is"}, {"start": "00:11:57", "end": "00:12:02", "text": "trading like a yo-yo stock right now."}, {"start": "00:12:00", "end": "00:12:06", "text": "And Mark Cudbore goes into a little bit"}, {"start": "00:12:02", "end": "00:12:08", "text": "of what this could mean in terms of an"}, {"start": "00:12:06", "end": "00:12:10", "text": "end to the war. Take a look."}, {"start": "00:12:08", "end": "00:12:14", "text": ">> We've got SpaceX coming. I've got an"}, {"start": "00:12:10", "end": "00:12:15", "text": "anthropic IPO, Open AI IPO coming. All"}, {"start": "00:12:14", "end": "00:12:19", "text": "of that's great news, isn't it? Why do I"}, {"start": "00:12:15", "end": "00:12:22", "text": "need to worry about oil prices?"}, {"start": "00:12:19", "end": "00:12:24", "text": ">> I I think that's an absolutely valid"}, {"start": "00:12:22", "end": "00:12:26", "text": "question, guy, because that's where we"}, {"start": "00:12:24", "end": "00:12:28", "text": "kind of traded in the short term. We've"}, {"start": "00:12:26", "end": "00:12:30", "text": "had a bunch of good tech news. So, we've"}, {"start": "00:12:28", "end": "00:12:32", "text": "had the Samsung strike averted. We've"}, {"start": "00:12:30", "end": "00:12:34", "text": "had Anthropic making a profit in the"}, {"start": "00:12:32", "end": "00:12:36", "text": "last quarter as it doubled its revenues."}, {"start": "00:12:34", "end": "00:12:38", "text": "We've had Nvidia showing that its costs"}, {"start": "00:12:36", "end": "00:12:39", "text": "are controlled, continue to make, you"}, {"start": "00:12:38", "end": "00:12:41", "text": "know, just immense amount of of"}, {"start": "00:12:39", "end": "00:12:43", "text": "revenues. Uh so, you know, we got the"}, {"start": "00:12:41", "end": "00:12:45", "text": "SpaceX IPO raising a large amount of"}, {"start": "00:12:43", "end": "00:12:47", "text": "money. There's so much good news in the"}, {"start": "00:12:45", "end": "00:12:48", "text": "tech sector and it's broadening out and"}, {"start": "00:12:47", "end": "00:12:50", "text": "absolutely that's why we're trading the"}, {"start": "00:12:48", "end": "00:12:51", "text": "short term which is why we're kind of"}, {"start": "00:12:50", "end": "00:12:53", "text": "ignoring the straight we're going"}, {"start": "00:12:51", "end": "00:12:54", "text": "doesn't really matter if they don't get"}, {"start": "00:12:53", "end": "00:12:56", "text": "a resolution to the straight it really"}, {"start": "00:12:54", "end": "00:12:58", "text": "does matter and that's why I think"}, {"start": "00:12:56", "end": "00:13:01", "text": "there's an asymmetric setup"}, {"start": "00:12:58", "end": "00:13:03", "text": "okay I agree with Mark in the sense I"}, {"start": "00:13:01", "end": "00:13:05", "text": "think it does matter uh and it will"}, {"start": "00:13:03", "end": "00:13:07", "text": "matter especially I think to risk assets"}, {"start": "00:13:05", "end": "00:13:08", "text": "the bigger part of this from a macro"}, {"start": "00:13:07", "end": "00:13:10", "text": "setup as we've talked around at the"}, {"start": "00:13:08", "end": "00:13:11", "text": "front of the show and that is around the"}, {"start": "00:13:10", "end": "00:13:13", "text": "Fed what is going to happen next with"}, {"start": "00:13:11", "end": "00:13:16", "text": "Kevin Walsh the other things that play"}, {"start": "00:13:13", "end": "00:13:17", "text": "into this is how the broader market, you"}, {"start": "00:13:16", "end": "00:13:19", "text": "know, sucks out liquidity into a lot of"}, {"start": "00:13:17", "end": "00:13:21", "text": "the risk products that are out there."}, {"start": "00:13:19", "end": "00:13:24", "text": "And one of them is going to be SpaceX."}, {"start": "00:13:21", "end": "00:13:26", "text": "SpaceX opening at 1.75 trillion. Let me"}, {"start": "00:13:24", "end": "00:13:29", "text": "zoom in on that, guys. That's right."}, {"start": "00:13:26", "end": "00:13:31", "text": "1.75 trillion is their plan. They're"}, {"start": "00:13:29", "end": "00:13:34", "text": "going to raise 75 billion. This is more"}, {"start": "00:13:31", "end": "00:13:38", "text": "than double of what Saudi Aramco was,"}, {"start": "00:13:34", "end": "00:13:41", "text": "which was 26 billion uh record-breaking"}, {"start": "00:13:38", "end": "00:13:44", "text": "IPO back in 2019. So just remember guys,"}, {"start": "00:13:41", "end": "00:13:45", "text": "this will start to put some pressure in"}, {"start": "00:13:44", "end": "00:13:47", "text": "the market in a very unique way. Now I"}, {"start": "00:13:45", "end": "00:13:48", "text": "don't know that first of all I'm not"}, {"start": "00:13:47", "end": "00:13:50", "text": "saying I'm not giving a financial ad by"}, {"start": "00:13:48", "end": "00:13:52", "text": "saying you should go in and trade you"}, {"start": "00:13:50", "end": "00:13:55", "text": "know SpaceX. This will probably be as"}, {"start": "00:13:52", "end": "00:13:57", "text": "volatile as we've seen on any of these"}, {"start": "00:13:55", "end": "00:13:59", "text": "openings. And remember a lot of these"}, {"start": "00:13:57", "end": "00:14:01", "text": "stocks open to the public. All of these"}, {"start": "00:13:59", "end": "00:14:03", "text": "have been pre-sold. So that pump up is"}, {"start": "00:14:01", "end": "00:14:05", "text": "usually when retail gets a chance."}, {"start": "00:14:03", "end": "00:14:07", "text": "That's what DeFi is for. What the"}, {"start": "00:14:05", "end": "00:14:10", "text": "opportunity that it really represents in"}, {"start": "00:14:07", "end": "00:14:11", "text": "crypto. That's the area that I think we"}, {"start": "00:14:10", "end": "00:14:13", "text": "should uh be looking in terms of where"}, {"start": "00:14:11", "end": "00:14:17", "text": "the market is heading. But if you look"}, {"start": "00:14:13", "end": "00:14:20", "text": "at this, SpaceX owns 18,000 Bitcoin"}, {"start": "00:14:17", "end": "00:14:21", "text": "right now. That's 1.45 billion. This is"}, {"start": "00:14:20", "end": "00:14:23", "text": "all coming in off the SEC filing. We'll"}, {"start": "00:14:21", "end": "00:14:25", "text": "probably learn a lot more about what's"}, {"start": "00:14:23", "end": "00:14:27", "text": "going on in many of these companies,"}, {"start": "00:14:25", "end": "00:14:29", "text": "including Anthropic. Could there be some"}, {"start": "00:14:27", "end": "00:14:31", "text": "sort of crypto connection on many of"}, {"start": "00:14:29", "end": "00:14:33", "text": "these? That'll be the question. Now, Tom"}, {"start": "00:14:31", "end": "00:14:36", "text": "Lee is now putting all this together"}, {"start": "00:14:33", "end": "00:14:38", "text": "into a new narrative, and it's an"}, {"start": "00:14:36", "end": "00:14:41", "text": "interesting narrative because it kind of"}, {"start": "00:14:38", "end": "00:14:43", "text": "packages this in in a different way."}, {"start": "00:14:41", "end": "00:14:45", "text": "Listen to what he had to say. JP Morgan"}, {"start": "00:14:43", "end": "00:14:47", "text": "makes 60 billion a year, the most"}, {"start": "00:14:45", "end": "00:14:49", "text": "profitable bank in the world with"}, {"start": "00:14:47", "end": "00:14:54", "text": "300,000 employees."}, {"start": "00:14:49", "end": "00:14:56", "text": "Jane Street is a firm that is newer,"}, {"start": "00:14:54", "end": "00:14:59", "text": "just moves money around, you know,"}, {"start": "00:14:56", "end": "00:15:02", "text": "trading with a lot of quant and compute."}, {"start": "00:14:59", "end": "00:15:05", "text": "and this year is probably going to earn"}, {"start": "00:15:02", "end": "00:15:09", "text": "$40 billion with 3,000 employees. So"}, {"start": "00:15:05", "end": "00:15:10", "text": "with 1,000th the number of employees,"}, {"start": "00:15:09", "end": "00:15:12", "text": "they're almost as profitable as JP"}, {"start": "00:15:10", "end": "00:15:14", "text": "Morgan and they're making more money"}, {"start": "00:15:12", "end": "00:15:17", "text": "than the second, third, fourth largest"}, {"start": "00:15:14", "end": "00:15:20", "text": "banks in the world. Tether, which is a"}, {"start": "00:15:17", "end": "00:15:22", "text": "cryptonative completely digital native"}, {"start": "00:15:20", "end": "00:15:25", "text": "bank selling a stable coin called"}, {"start": "00:15:22", "end": "00:15:27", "text": "Tether, is going to make 15 billion this"}, {"start": "00:15:25", "end": "00:15:29", "text": "year, which would rank it as the eighth"}, {"start": "00:15:27", "end": "00:15:33", "text": "most profitable bank in the world with"}, {"start": "00:15:29", "end": "00:15:34", "text": "300 employees. So, I think that what's"}, {"start": "00:15:33", "end": "00:15:38", "text": "happening with blockchain is what"}, {"start": "00:15:34", "end": "00:15:40", "text": "happened with digital media where there"}, {"start": "00:15:38", "end": "00:15:42", "text": "were the traditional studios and then"}, {"start": "00:15:40", "end": "00:15:45", "text": "there was Netflix. But my guess is that"}, {"start": "00:15:42", "end": "00:15:48", "text": "in in 10 years, five of the 10 largest"}, {"start": "00:15:45", "end": "00:15:50", "text": "banks in the world will be digitally"}, {"start": "00:15:48", "end": "00:15:54", "text": "native companies."}, {"start": "00:15:50", "end": "00:15:56", "text": ">> Okay, Tom and I agree on that because it"}, {"start": "00:15:54", "end": "00:16:00", "text": "is an evolution and it could be an"}, {"start": "00:15:56", "end": "00:16:01", "text": "evolution that has been as violent as"}, {"start": "00:16:00", "end": "00:16:03", "text": "the evolution of media because media"}, {"start": "00:16:01", "end": "00:16:05", "text": "what he's referencing is kind of the"}, {"start": "00:16:03", "end": "00:16:06", "text": "media from from Hollywood to what's"}, {"start": "00:16:05", "end": "00:16:09", "text": "going on with Netflix. I think the"}, {"start": "00:16:06", "end": "00:16:12", "text": "bigger broader picture is how media"}, {"start": "00:16:09", "end": "00:16:15", "text": "evolved from mainstream media and the"}, {"start": "00:16:12", "end": "00:16:16", "text": "dislike and distrust of it now to what"}, {"start": "00:16:15", "end": "00:16:19", "text": "you've seen now with podcasting even"}, {"start": "00:16:16", "end": "00:16:21", "text": "shows like this. So, uh the banking and"}, {"start": "00:16:19", "end": "00:16:23", "text": "financial industry I think does go in"}, {"start": "00:16:21", "end": "00:16:26", "text": "that way. Another area that you kind of"}, {"start": "00:16:23", "end": "00:16:28", "text": "have to consider and that is this right"}, {"start": "00:16:26", "end": "00:16:30", "text": "here uh kind of hits on it right here."}, {"start": "00:16:28", "end": "00:16:32", "text": "Ethereum is the Microsoft of crypto."}, {"start": "00:16:30", "end": "00:16:34", "text": "Now, I would push back on that. Listen,"}, {"start": "00:16:32", "end": "00:16:36", "text": "I worked for them for a while. The"}, {"start": "00:16:34", "end": "00:16:40", "text": "problem in the early days with Microsoft"}, {"start": "00:16:36", "end": "00:16:42", "text": "is they actually missed the internet. So"}, {"start": "00:16:40", "end": "00:16:44", "text": "I don't know that that's a good"}, {"start": "00:16:42", "end": "00:16:47", "text": "comparison. Let's just remember that."}, {"start": "00:16:44", "end": "00:16:49", "text": "And they lost to Apple as well in terms"}, {"start": "00:16:47", "end": "00:16:52", "text": "of an operating system. Then of course"}, {"start": "00:16:49", "end": "00:16:55", "text": "they got killed on antirust lawsuits"}, {"start": "00:16:52", "end": "00:16:57", "text": "which kind of limited their whole. So I"}, {"start": "00:16:55", "end": "00:16:59", "text": "would hope that they're not Microsoft or"}, {"start": "00:16:57", "end": "00:17:01", "text": "if you're a ETH lover or or an ETH"}, {"start": "00:16:59", "end": "00:17:04", "text": "hater. I'm not sure which way he falls."}, {"start": "00:17:01", "end": "00:17:06", "text": "But if I was looking at this, that would"}, {"start": "00:17:04", "end": "00:17:08", "text": "be a problem for ETH cuz Microsoft not"}, {"start": "00:17:06", "end": "00:17:10", "text": "now. Do they eventually get out of it?"}, {"start": "00:17:08", "end": "00:17:12", "text": "Yes. And they become a great company"}, {"start": "00:17:10", "end": "00:17:14", "text": "like they are now. But that took decades"}, {"start": "00:17:12", "end": "00:17:16", "text": "to get there. Many people would say,"}, {"start": "00:17:14", "end": "00:17:18", "text": "well, that's how long it's been taken to"}, {"start": "00:17:16", "end": "00:17:19", "text": "get ETH to all-time highs. You have to"}, {"start": "00:17:18", "end": "00:17:21", "text": "look at all of these things kind of"}, {"start": "00:17:19", "end": "00:17:23", "text": "flowing into this. Crypto crypto needs a"}, {"start": "00:17:21", "end": "00:17:25", "text": "big winner to lead us out of this bare"}, {"start": "00:17:23", "end": "00:17:27", "text": "market. Uh, and it might be happening"}, {"start": "00:17:25", "end": "00:17:29", "text": "right in front of us. Many people say"}, {"start": "00:17:27", "end": "00:17:30", "text": "it's going to be hype and uh I don't"}, {"start": "00:17:29", "end": "00:17:32", "text": "know. So, do you guys think that will be"}, {"start": "00:17:30", "end": "00:17:35", "text": "the case or do you think ETH will"}, {"start": "00:17:32", "end": "00:17:37", "text": "actually come to the rescue finally and"}, {"start": "00:17:35", "end": "00:17:39", "text": "lead us out of the bare bare market?"}, {"start": "00:17:37", "end": "00:17:41", "text": "Drop your comments down below. What is"}, {"start": "00:17:39", "end": "00:17:43", "text": "the token that you feel is going to be"}, {"start": "00:17:41", "end": "00:17:45", "text": "the one that starts to get the attention"}, {"start": "00:17:43", "end": "00:17:47", "text": "of not only retail but also"}, {"start": "00:17:45", "end": "00:17:48", "text": "institutional? The other thing I want to"}, {"start": "00:17:47", "end": "00:17:51", "text": "hit on right here, well, you got to"}, {"start": "00:17:48", "end": "00:17:54", "text": "consider the love affair that we now"}, {"start": "00:17:51", "end": "00:17:57", "text": "have with Bitwise and hype now trading"}, {"start": "00:17:54", "end": "00:17:59", "text": "and this again is getting crazy. BHYP"}, {"start": "00:17:57", "end": "00:18:01", "text": "available out there. Bitwise"}, {"start": "00:17:59", "end": "00:18:03", "text": "Hyperliquids ETF now launched under"}, {"start": "00:18:01", "end": "00:18:06", "text": "Bitwise. So huge deals. I think we'll"}, {"start": "00:18:03", "end": "00:18:07", "text": "continue to see movement here. Hype of"}, {"start": "00:18:06", "end": "00:18:09", "text": "course dominating right now around the"}, {"start": "00:18:07", "end": "00:18:11", "text": "per market. There are some challengers"}, {"start": "00:18:09", "end": "00:18:13", "text": "that might hit that but hype definitely"}, {"start": "00:18:11", "end": "00:18:15", "text": "leading the way. If you look at the"}, {"start": "00:18:13", "end": "00:18:18", "text": "token right now absolutely exploded off"}, {"start": "00:18:15", "end": "00:18:21", "text": "of about 38 bucks holding right now"}, {"start": "00:18:18", "end": "00:18:23", "text": "trading at $58 as we record this. So"}, {"start": "00:18:21", "end": "00:18:25", "text": "we're going to be covering this and a"}, {"start": "00:18:23", "end": "00:18:28", "text": "lot more as we edge into clarity very"}, {"start": "00:18:25", "end": "00:18:30", "text": "soon. hopefully in June uh with just a"}, {"start": "00:18:28", "end": "00:18:34", "text": "couple more weeks around the corner. So"}, {"start": "00:18:30", "end": "00:18:34", "text": "stay tuned for all that guys."}, {"start": "00:18:38", "end": "00:18:41", "text": "If you like this video, hit like and"}, {"start": "00:18:39", "end": "00:18:44", "text": "subscribe. Drop a comment down below and"}, {"start": "00:18:41", "end": "00:18:48", "text": "also join our free private member group."}, {"start": "00:18:44", "end": "00:18:48", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "On the 29th of May 2026, the most"}, {"start": "00:00:03", "end": "00:00:08", "text": "powerful man in American banking went on"}, {"start": "00:00:05", "end": "00:00:11", "text": "Fox Business and declared open war."}, {"start": "00:00:08", "end": "00:00:15", "text": "Jaime Diamond, the CEO of a bank holding"}, {"start": "00:00:11", "end": "00:00:18", "text": "$4.9 trillion in assets, vowed to fight"}, {"start": "00:00:15", "end": "00:00:21", "text": "the Clarity Act, quote, until the bitter"}, {"start": "00:00:18", "end": "00:00:24", "text": "end. He called Coinbase's CEO, quote,"}, {"start": "00:00:21", "end": "00:00:26", "text": "full of on live television. And he"}, {"start": "00:00:24", "end": "00:00:28", "text": "warned that yieldbearing stable coins"}, {"start": "00:00:26", "end": "00:00:31", "text": "would drain deposits, threaten financial"}, {"start": "00:00:28", "end": "00:00:34", "text": "stability, and eventually blow up. But"}, {"start": "00:00:31", "end": "00:00:36", "text": "here's the part Diamond conveniently"}, {"start": "00:00:34", "end": "00:00:39", "text": "left out of that interview. While JP"}, {"start": "00:00:36", "end": "00:00:41", "text": "Morgan lobbies Washington to kill these"}, {"start": "00:00:39", "end": "00:00:44", "text": "products, it's building its own version"}, {"start": "00:00:41", "end": "00:00:46", "text": "of the exact same thing behind the"}, {"start": "00:00:44", "end": "00:00:49", "text": "scenes. So today, we'll lay out"}, {"start": "00:00:46", "end": "00:00:52", "text": "Diamond's public case. expose the"}, {"start": "00:00:49", "end": "00:00:54", "text": "contradiction hiding inside his own bank"}, {"start": "00:00:52", "end": "00:00:56", "text": "and explain what his panic actually"}, {"start": "00:00:54", "end": "00:00:59", "text": "tells you about where the future of"}, {"start": "00:00:56", "end": "00:01:02", "text": "money is heading. My name is Guy and"}, {"start": "00:00:59", "end": "00:01:04", "text": "you're watching the Coin Bureau. Now, on"}, {"start": "00:01:02", "end": "00:01:06", "text": "the surface, the objections that banks"}, {"start": "00:01:04", "end": "00:01:09", "text": "like JP Morgan have against the Clarity"}, {"start": "00:01:06", "end": "00:01:13", "text": "Act sound reasonable enough and their"}, {"start": "00:01:09", "end": "00:01:16", "text": "case rests on one central idea. If"}, {"start": "00:01:13", "end": "00:01:19", "text": "stable coin issuers can pass treasury"}, {"start": "00:01:16", "end": "00:01:21", "text": "yields directly to holders, then"}, {"start": "00:01:19", "end": "00:01:24", "text": "depositors will flee the banking system."}, {"start": "00:01:21", "end": "00:01:26", "text": "And Diamond is not subtle in his"}, {"start": "00:01:24", "end": "00:01:29", "text": "opposition. On Fox Business, he said the"}, {"start": "00:01:26", "end": "00:01:31", "text": "bill quote allows them to effectively"}, {"start": "00:01:29", "end": "00:01:33", "text": "pay interest on deposits, stable coins"}, {"start": "00:01:31", "end": "00:01:35", "text": "or something like that without"}, {"start": "00:01:33", "end": "00:01:38", "text": "protection that they should have. His"}, {"start": "00:01:35", "end": "00:01:41", "text": "framing is simple. If you want to be a"}, {"start": "00:01:38", "end": "00:01:43", "text": "bank, be a bank. In other words, if a"}, {"start": "00:01:41", "end": "00:01:45", "text": "crypto firm takes deposit-like money,"}, {"start": "00:01:43", "end": "00:01:48", "text": "then it should face the same capital"}, {"start": "00:01:45", "end": "00:01:50", "text": "rules, the same liquidity rules, and the"}, {"start": "00:01:48", "end": "00:01:53", "text": "same compliance measures that every bank"}, {"start": "00:01:50", "end": "00:01:55", "text": "has to deal with. And Diamond is not"}, {"start": "00:01:53", "end": "00:01:57", "text": "alone here. The American Bankers"}, {"start": "00:01:55", "end": "00:02:00", "text": "Association has run one of the most"}, {"start": "00:01:57", "end": "00:02:03", "text": "aggressive lobbying blitzes in years. On"}, {"start": "00:02:00", "end": "00:02:05", "text": "the 13th of April, the ABA published a"}, {"start": "00:02:03", "end": "00:02:08", "text": "commission study warning that"}, {"start": "00:02:05", "end": "00:02:11", "text": "yieldbearing stable coins could grow the"}, {"start": "00:02:08", "end": "00:02:14", "text": "market from roughly $300 billion to $2"}, {"start": "00:02:11", "end": "00:02:17", "text": "trillion, draining bank deposits along"}, {"start": "00:02:14", "end": "00:02:20", "text": "the way. They claimed this could cut"}, {"start": "00:02:17", "end": "00:02:22", "text": "local lending significantly with the"}, {"start": "00:02:20", "end": "00:02:26", "text": "Independent Community Bankers of America"}, {"start": "00:02:22", "end": "00:02:29", "text": "estimating up to $850 billion in reduced"}, {"start": "00:02:26", "end": "00:02:32", "text": "community bank lending capacity. Then on"}, {"start": "00:02:29", "end": "00:02:35", "text": "the 10th of May, ABA CEO Rob Nichols"}, {"start": "00:02:32", "end": "00:02:38", "text": "fired off an emergency letter to every"}, {"start": "00:02:35", "end": "00:02:41", "text": "bank CEO in the country demanding quote"}, {"start": "00:02:38", "end": "00:02:44", "text": "immediate engagement. Members duly"}, {"start": "00:02:41", "end": "00:02:46", "text": "flooded the Senate with more than 8,000"}, {"start": "00:02:44", "end": "00:02:49", "text": "letters. The official line in Nickel's"}, {"start": "00:02:46", "end": "00:02:52", "text": "own words was that the proposal would"}, {"start": "00:02:49", "end": "00:02:54", "text": "quote unnecessarily incentivize the"}, {"start": "00:02:52", "end": "00:02:56", "text": "flight of bank deposits into payment"}, {"start": "00:02:54", "end": "00:02:59", "text": "stable coins, putting both economic"}, {"start": "00:02:56", "end": "00:03:02", "text": "growth and financial stability at risk."}, {"start": "00:02:59", "end": "00:03:05", "text": "That is the case they want you to"}, {"start": "00:03:02", "end": "00:03:08", "text": "believe. Deposit flight, broken lending,"}, {"start": "00:03:05", "end": "00:03:11", "text": "systemic danger. It sounds like consumer"}, {"start": "00:03:08", "end": "00:03:14", "text": "protection. The banks all just have our"}, {"start": "00:03:11", "end": "00:03:17", "text": "best interests at heart. So, you might"}, {"start": "00:03:14", "end": "00:03:19", "text": "thus assume that a bank this terrified"}, {"start": "00:03:17", "end": "00:03:22", "text": "of yieldbearing digital dollars would"}, {"start": "00:03:19", "end": "00:03:24", "text": "refuse to touch them. However, that"}, {"start": "00:03:22", "end": "00:03:27", "text": "assumption collapses the second you look"}, {"start": "00:03:24", "end": "00:03:30", "text": "at what JP Morgan is actually building"}, {"start": "00:03:27", "end": "00:03:31", "text": "behind closed doors. Right? If you're"}, {"start": "00:03:30", "end": "00:03:33", "text": "looking to trade these latest market"}, {"start": "00:03:31", "end": "00:03:34", "text": "moves, whether that's crypto or"}, {"start": "00:03:33", "end": "00:03:38", "text": "traditional assets like gold and"}, {"start": "00:03:34", "end": "00:03:40", "text": "commodities, then BitGet is definitely"}, {"start": "00:03:38", "end": "00:03:42", "text": "worth a look. They've just rolled out"}, {"start": "00:03:40", "end": "00:03:44", "text": "their Trady trading platform which lets"}, {"start": "00:03:42", "end": "00:03:47", "text": "you trade assets like gold and other"}, {"start": "00:03:44", "end": "00:03:50", "text": "commodities directly using USDT. So you"}, {"start": "00:03:47", "end": "00:03:52", "text": "don't need to jump between platforms."}, {"start": "00:03:50", "end": "00:03:57", "text": "You also get deep liquidity, low"}, {"start": "00:03:52", "end": "00:03:58", "text": "slippage, and access to up to 500x"}, {"start": "00:03:57", "end": "00:04:01", "text": "leverage."}, {"start": "00:03:58", "end": "00:04:04", "text": "Now, if you sign up using the QR code on"}, {"start": "00:04:01", "end": "00:04:07", "text": "screen or the link in the description,"}, {"start": "00:04:04", "end": "00:04:10", "text": "you can get up to $50,000"}, {"start": "00:04:07", "end": "00:04:12", "text": "in bonuses. And on top of that, if you"}, {"start": "00:04:10", "end": "00:04:15", "text": "complete your first net deposit of"}, {"start": "00:04:12", "end": "00:04:19", "text": "$5,000 and place your first trade,"}, {"start": "00:04:15", "end": "00:04:23", "text": "you'll unlock a VIP3 trial. Now, that"}, {"start": "00:04:19", "end": "00:04:28", "text": "includes up to 38% fee discounts,"}, {"start": "00:04:23", "end": "00:04:31", "text": "exclusive VIP perks, and free token"}, {"start": "00:04:28", "end": "00:04:34", "text": "airdrops. So, scan the QR code, check"}, {"start": "00:04:31", "end": "00:04:37", "text": "the link below, and see what BitGet has"}, {"start": "00:04:34", "end": "00:04:40", "text": "to offer. On the 12th of November 2025,"}, {"start": "00:04:37", "end": "00:04:43", "text": "JP Morgan officially launched its own"}, {"start": "00:04:40", "end": "00:04:46", "text": "deposit token, JPMD, on a public"}, {"start": "00:04:43", "end": "00:04:50", "text": "blockchain. And not just any blockchain,"}, {"start": "00:04:46", "end": "00:04:54", "text": "it launched on base. Yes, the Ethereum"}, {"start": "00:04:50", "end": "00:04:57", "text": "layer 2 network built by uh Coinbase."}, {"start": "00:04:54", "end": "00:04:59", "text": "The same Coinbase whose CEO Diamond"}, {"start": "00:04:57", "end": "00:05:01", "text": "called quote full of is the"}, {"start": "00:04:59", "end": "00:05:04", "text": "infrastructure provider JP Morgan chose"}, {"start": "00:05:01", "end": "00:05:08", "text": "to run its institutional dollar token"}, {"start": "00:05:04", "end": "00:05:11", "text": "on. Now JP Morgan insists that JPMD is a"}, {"start": "00:05:08", "end": "00:05:14", "text": "deposit token, not a stable coin. Former"}, {"start": "00:05:11", "end": "00:05:17", "text": "Kexus co-head Naveen Mala who led the"}, {"start": "00:05:14", "end": "00:05:19", "text": "unit at launch said clients are quote"}, {"start": "00:05:17", "end": "00:05:23", "text": "sending and receiving real bank money on"}, {"start": "00:05:19", "end": "00:05:26", "text": "base. But the deposit token is only the"}, {"start": "00:05:23", "end": "00:05:30", "text": "beginning. In December 2025, JP Morgan"}, {"start": "00:05:26", "end": "00:05:32", "text": "launched Money MY, a tokenized money"}, {"start": "00:05:30", "end": "00:05:35", "text": "market fund on Ethereum that lets"}, {"start": "00:05:32", "end": "00:05:38", "text": "qualified investors earn yield on chain."}, {"start": "00:05:35", "end": "00:05:40", "text": "And then in May 2026, the very same"}, {"start": "00:05:38", "end": "00:05:43", "text": "month Diamond went on Fox Business to"}, {"start": "00:05:40", "end": "00:05:46", "text": "attack yieldbearing products, JP Morgan"}, {"start": "00:05:43", "end": "00:05:49", "text": "filed for JLTXX."}, {"start": "00:05:46", "end": "00:05:52", "text": "That's a second tokenized Treasury money"}, {"start": "00:05:49", "end": "00:05:55", "text": "market fund, a blockchain native product"}, {"start": "00:05:52", "end": "00:05:58", "text": "that passes Treasury yield to holders."}, {"start": "00:05:55", "end": "00:06:00", "text": "So, put simply, while Diamond publicly"}, {"start": "00:05:58", "end": "00:06:02", "text": "warns that yieldbearing digital dollars"}, {"start": "00:06:00", "end": "00:06:05", "text": "will blow up the system, his own bank is"}, {"start": "00:06:02", "end": "00:06:07", "text": "filing paperwork to sell them. And this"}, {"start": "00:06:05", "end": "00:06:10", "text": "isn't some small little side quest,"}, {"start": "00:06:07", "end": "00:06:13", "text": "either. JP Morgan's Kexus platform has"}, {"start": "00:06:10", "end": "00:06:16", "text": "processed over $1.5 trillion in"}, {"start": "00:06:13", "end": "00:06:19", "text": "cumulative volume, settling more than $5"}, {"start": "00:06:16", "end": "00:06:22", "text": "billion every single day. The bank's"}, {"start": "00:06:19", "end": "00:06:26", "text": "2026 technology budget is $19.8 8"}, {"start": "00:06:22", "end": "00:06:28", "text": "billion up 10% yearonear and a huge"}, {"start": "00:06:26", "end": "00:06:31", "text": "chunk of that is pointed straight at"}, {"start": "00:06:28", "end": "00:06:34", "text": "blockchain rails. So the contradiction"}, {"start": "00:06:31", "end": "00:06:37", "text": "is pretty stark. The man warning you"}, {"start": "00:06:34", "end": "00:06:39", "text": "that tokenized yield is dangerous is"}, {"start": "00:06:37", "end": "00:06:40", "text": "building the most advanced tokenized"}, {"start": "00:06:39", "end": "00:06:43", "text": "yield infrastructure in traditional"}, {"start": "00:06:40", "end": "00:06:45", "text": "finance. Which leads to the obvious"}, {"start": "00:06:43", "end": "00:06:48", "text": "question. If this technology is so"}, {"start": "00:06:45", "end": "00:06:51", "text": "dangerous, why is the most powerful bank"}, {"start": "00:06:48", "end": "00:06:53", "text": "in America racing to dominate it? Well,"}, {"start": "00:06:51", "end": "00:06:55", "text": "the answer has nothing to do with"}, {"start": "00:06:53", "end": "00:06:59", "text": "protecting you and everything to do with"}, {"start": "00:06:55", "end": "00:07:03", "text": "protecting a number. JP Morgan sits on"}, {"start": "00:06:59", "end": "00:07:06", "text": "roughly $2.68 trillion in deposits. That"}, {"start": "00:07:03", "end": "00:07:09", "text": "deposit base is the cheap raw material"}, {"start": "00:07:06", "end": "00:07:13", "text": "that funds its entire lending machine"}, {"start": "00:07:09", "end": "00:07:16", "text": "with a loanto deposit ratio around 58%."}, {"start": "00:07:13", "end": "00:07:18", "text": "And here is why that matters. Banks pay"}, {"start": "00:07:16", "end": "00:07:20", "text": "you almost nothing on a checking"}, {"start": "00:07:18", "end": "00:07:24", "text": "account. Meanwhile, Coinbase 1"}, {"start": "00:07:20", "end": "00:07:28", "text": "subscribers can earn around 3.5% APY on"}, {"start": "00:07:24", "end": "00:07:30", "text": "USDC. And even at the broader market"}, {"start": "00:07:28", "end": "00:07:33", "text": "rate, that yield differential keeps"}, {"start": "00:07:30", "end": "00:07:35", "text": "Diamond awake at night. If everyday"}, {"start": "00:07:33", "end": "00:07:38", "text": "Americans can earn that kind of yield on"}, {"start": "00:07:35", "end": "00:07:40", "text": "a digital dollar versus a fraction of a"}, {"start": "00:07:38", "end": "00:07:43", "text": "percent at Chase, the cheap funding"}, {"start": "00:07:40", "end": "00:07:47", "text": "model that powers the entire bank starts"}, {"start": "00:07:43", "end": "00:07:50", "text": "to break. And that is a real threat. not"}, {"start": "00:07:47", "end": "00:07:52", "text": "instability, but disintermediation."}, {"start": "00:07:50", "end": "00:07:54", "text": "And before we go deeper, if you want to"}, {"start": "00:07:52", "end": "00:07:56", "text": "track this fight as it unfolds in real"}, {"start": "00:07:54", "end": "00:07:58", "text": "time, the votes, the filings, the"}, {"start": "00:07:56", "end": "00:08:00", "text": "breaking news the second it lands, jump"}, {"start": "00:07:58", "end": "00:08:02", "text": "into the Coin Bureau Telegram channel."}, {"start": "00:08:00", "end": "00:08:05", "text": "The link is down in the description."}, {"start": "00:08:02", "end": "00:08:08", "text": "Okay, let's get back to it because there"}, {"start": "00:08:05", "end": "00:08:12", "text": "is still more to this story. The bank's"}, {"start": "00:08:08", "end": "00:08:14", "text": "own numbers exposed the bluff. The ABA"}, {"start": "00:08:12", "end": "00:08:17", "text": "screamed that banning yield protects"}, {"start": "00:08:14", "end": "00:08:19", "text": "lending. But in April, the White House"}, {"start": "00:08:17", "end": "00:08:21", "text": "Council of Economic Adviserss ran the"}, {"start": "00:08:19", "end": "00:08:23", "text": "numbers and found that prohibiting"}, {"start": "00:08:21", "end": "00:08:27", "text": "stable coin yield would increase bank"}, {"start": "00:08:23", "end": "00:08:31", "text": "lending by just 0.02%."}, {"start": "00:08:27", "end": "00:08:34", "text": "That's a negligible $2.1 billion in a"}, {"start": "00:08:31", "end": "00:08:36", "text": "multi-trillion dollar system. So if"}, {"start": "00:08:34", "end": "00:08:39", "text": "banning stable coin yield barely helps"}, {"start": "00:08:36", "end": "00:08:42", "text": "lending, then this was never really"}, {"start": "00:08:39", "end": "00:08:44", "text": "about lending. No, it was about who gets"}, {"start": "00:08:42", "end": "00:08:48", "text": "to own the rails when digital dollars go"}, {"start": "00:08:44", "end": "00:08:51", "text": "mainstream. This is incumbent protection"}, {"start": "00:08:48", "end": "00:08:53", "text": "dressed up as financial responsibility."}, {"start": "00:08:51", "end": "00:08:55", "text": "Diamond doesn't want to stop yield"}, {"start": "00:08:53", "end": "00:08:57", "text": "bearing digital dollars from existing."}, {"start": "00:08:55", "end": "00:09:00", "text": "He just wants to make sure that when"}, {"start": "00:08:57", "end": "00:09:02", "text": "they exist, they run through JP Morgan,"}, {"start": "00:09:00", "end": "00:09:04", "text": "not through Circle or Coinbase or"}, {"start": "00:09:02", "end": "00:09:07", "text": "through some cryptonative competitor he"}, {"start": "00:09:04", "end": "00:09:10", "text": "can't control. The strategy is a"}, {"start": "00:09:07", "end": "00:09:14", "text": "regulatory moat. Frame your own deposit"}, {"start": "00:09:10", "end": "00:09:15", "text": "token as regulated and safe. Frame"}, {"start": "00:09:14", "end": "00:09:18", "text": "everyone else's as dangerous and"}, {"start": "00:09:15", "end": "00:09:20", "text": "unprotected. Then use your lobbying"}, {"start": "00:09:18", "end": "00:09:22", "text": "muscle to write rules that lock the"}, {"start": "00:09:20", "end": "00:09:25", "text": "competition out while you build the same"}, {"start": "00:09:22", "end": "00:09:28", "text": "product internally. And a sitting"}, {"start": "00:09:25", "end": "00:09:31", "text": "senator saw right through it. Republican"}, {"start": "00:09:28", "end": "00:09:34", "text": "Bernie Marino called the ABA the quote"}, {"start": "00:09:31", "end": "00:09:36", "text": "banking cartel in full panic mode,"}, {"start": "00:09:34", "end": "00:09:38", "text": "accusing them of deceiving lawmakers"}, {"start": "00:09:36", "end": "00:09:41", "text": "while ordinary Americans were just"}, {"start": "00:09:38", "end": "00:09:43", "text": "trying to earn real yield on their own"}, {"start": "00:09:41", "end": "00:09:46", "text": "money. And even voices within the"}, {"start": "00:09:43", "end": "00:09:48", "text": "banking industry's own trade press have"}, {"start": "00:09:46", "end": "00:09:50", "text": "questioned whether the ABA is fighting"}, {"start": "00:09:48", "end": "00:09:54", "text": "on ground that has already shifted. When"}, {"start": "00:09:50", "end": "00:09:57", "text": "your own side says you're losing, well,"}, {"start": "00:09:54", "end": "00:09:59", "text": "you're probably losing. So then, how"}, {"start": "00:09:57", "end": "00:10:02", "text": "does all of this connect back to the"}, {"start": "00:09:59", "end": "00:10:04", "text": "Clarity Act itself? Well, Diamond's War"}, {"start": "00:10:02", "end": "00:10:07", "text": "is one of the forces actively stalling"}, {"start": "00:10:04", "end": "00:10:12", "text": "the bill. The House passed it in July"}, {"start": "00:10:07", "end": "00:10:15", "text": "2025 by a wide bipartisan margin of 294"}, {"start": "00:10:12", "end": "00:10:18", "text": "to 134. The Senate Banking Committee"}, {"start": "00:10:15", "end": "00:10:21", "text": "advanced it 15-9 on the 14th of May with"}, {"start": "00:10:18", "end": "00:10:24", "text": "the contested stable coin yield language"}, {"start": "00:10:21", "end": "00:10:26", "text": "still intact despite the blitz from the"}, {"start": "00:10:24", "end": "00:10:29", "text": "bankers. But the bill was originally"}, {"start": "00:10:26", "end": "00:10:32", "text": "targeted for markup in January. The"}, {"start": "00:10:29", "end": "00:10:35", "text": "fivemonth delay to May and beyond is"}, {"start": "00:10:32", "end": "00:10:38", "text": "directly attributable to this bank"}, {"start": "00:10:35", "end": "00:10:41", "text": "versus crypto standoff and the momentum"}, {"start": "00:10:38", "end": "00:10:43", "text": "has visibly slipped. Polymarket odds of"}, {"start": "00:10:41", "end": "00:10:48", "text": "the bill being signed into law this year"}, {"start": "00:10:43", "end": "00:10:50", "text": "sit somewhere around 59% down from 82%"}, {"start": "00:10:48", "end": "00:10:53", "text": "in February. The White House wants it"}, {"start": "00:10:50", "end": "00:10:55", "text": "signed by the 4th of July. Senators"}, {"start": "00:10:53", "end": "00:10:58", "text": "though are privately admitting it might"}, {"start": "00:10:55", "end": "00:11:01", "text": "slip to August if they're lucky, right"}, {"start": "00:10:58", "end": "00:11:03", "text": "before the recess deadline. And if it"}, {"start": "00:11:01", "end": "00:11:06", "text": "fails this session, Senator Cynthia"}, {"start": "00:11:03", "end": "00:11:10", "text": "Lumis warns the window may not reopen"}, {"start": "00:11:06", "end": "00:11:14", "text": "until 2030. That leaves a market now"}, {"start": "00:11:10", "end": "00:11:17", "text": "worth over $322 billion stuck under"}, {"start": "00:11:14", "end": "00:11:20", "text": "regulation by enforcement for years. So"}, {"start": "00:11:17", "end": "00:11:23", "text": "then let's step back and look at what"}, {"start": "00:11:20", "end": "00:11:25", "text": "this fight really reveals. Jaime Diamond"}, {"start": "00:11:23", "end": "00:11:27", "text": "moving this aggressively is not a sign"}, {"start": "00:11:25", "end": "00:11:30", "text": "of strength, but rather something that"}, {"start": "00:11:27", "end": "00:11:33", "text": "reveals just how concerned the banks"}, {"start": "00:11:30", "end": "00:11:35", "text": "really are. Because you don't go to war"}, {"start": "00:11:33", "end": "00:11:38", "text": "against something irrelevant. You don't"}, {"start": "00:11:35", "end": "00:11:40", "text": "file 40 plus amendments and flood the"}, {"start": "00:11:38", "end": "00:11:43", "text": "Senate with 8,000 letters to stop a"}, {"start": "00:11:40", "end": "00:11:46", "text": "product you genuinely believe will blow"}, {"start": "00:11:43", "end": "00:11:49", "text": "up on its own. No, you do that when the"}, {"start": "00:11:46", "end": "00:11:52", "text": "threat is real and when you intend to"}, {"start": "00:11:49", "end": "00:11:55", "text": "own the replacement. And the sharpest"}, {"start": "00:11:52", "end": "00:11:58", "text": "irony of all is this. With the launch of"}, {"start": "00:11:55", "end": "00:12:00", "text": "JPMD and money alongside their recent"}, {"start": "00:11:58", "end": "00:12:03", "text": "filing for JLTXX,"}, {"start": "00:12:00", "end": "00:12:06", "text": "JP Morgan is proving the very thing that"}, {"start": "00:12:03", "end": "00:12:09", "text": "Diamond publicly denies. Tokenized"}, {"start": "00:12:06", "end": "00:12:12", "text": "yieldbearing digital dollars actually"}, {"start": "00:12:09", "end": "00:12:16", "text": "work. And if you want proof, well, look"}, {"start": "00:12:12", "end": "00:12:18", "text": "no further than his own bank. So then,"}, {"start": "00:12:16", "end": "00:12:20", "text": "are Diamond and Co. fighting a losing"}, {"start": "00:12:18", "end": "00:12:23", "text": "battle against a technology they know is"}, {"start": "00:12:20", "end": "00:12:24", "text": "a threat to their dominance, or do the"}, {"start": "00:12:23", "end": "00:12:27", "text": "banks have enough clout to freeze the"}, {"start": "00:12:24", "end": "00:12:29", "text": "crypto industry out and capture the"}, {"start": "00:12:27", "end": "00:12:31", "text": "tokenized future entirely for"}, {"start": "00:12:29", "end": "00:12:33", "text": "themselves? The future of money is at"}, {"start": "00:12:31", "end": "00:12:35", "text": "stake, folks. So, let us know your"}, {"start": "00:12:33", "end": "00:12:36", "text": "thoughts in the comments down below."}, {"start": "00:12:35", "end": "00:12:38", "text": "Okay, thank you all so much for"}, {"start": "00:12:36", "end": "00:12:43", "text": "watching, and I'll see you again very"}, {"start": "00:12:38", "end": "00:12:43", "text": "soon. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "What if I told you you can already buy"}, {"start": "00:00:02", "end": "00:00:07", "text": "SpaceX, not the stock, because Elon"}, {"start": "00:00:05", "end": "00:00:09", "text": "hasn't taken it public yet? And for"}, {"start": "00:00:07", "end": "00:00:11", "text": "years, he said he never would. However,"}, {"start": "00:00:09", "end": "00:00:14", "text": "with a NASDAQ listing now targeting June"}, {"start": "00:00:11", "end": "00:00:17", "text": "12th under the ticker SPCX, that's about"}, {"start": "00:00:14", "end": "00:00:19", "text": "to change. But onchain right now, in"}, {"start": "00:00:17", "end": "00:00:22", "text": "this very moment, you can already get"}, {"start": "00:00:19", "end": "00:00:24", "text": "exposure to SpaceX, OpenAI, Anthropic,"}, {"start": "00:00:22", "end": "00:00:26", "text": "Stripes, Cerebras, and a dozen other"}, {"start": "00:00:24", "end": "00:00:29", "text": "private giants that were locked behind"}, {"start": "00:00:26", "end": "00:00:30", "text": "billiondollar VC gates a year ago. And"}, {"start": "00:00:29", "end": "00:00:32", "text": "this [music] might just be the biggest"}, {"start": "00:00:30", "end": "00:00:35", "text": "shift in retail access to private"}, {"start": "00:00:32", "end": "00:00:36", "text": "markets ever. But almost nobody is"}, {"start": "00:00:35", "end": "00:00:39", "text": "talking about what you're actually"}, {"start": "00:00:36", "end": "00:00:41", "text": "buying because there is a catch. You"}, {"start": "00:00:39", "end": "00:00:44", "text": "don't own a share. You don't get a vote."}, {"start": "00:00:41", "end": "00:00:46", "text": "You don't see a dividend. You're holding"}, {"start": "00:00:44", "end": "00:00:48", "text": "a synthetic rapper on a price feed. And"}, {"start": "00:00:46", "end": "00:00:51", "text": "when liquidity dries up, that rapper can"}, {"start": "00:00:48", "end": "00:00:54", "text": "trade 40% above or 40% below the real"}, {"start": "00:00:51", "end": "00:00:56", "text": "valuation overnight. In fact, that exact"}, {"start": "00:00:54", "end": "00:00:58", "text": "thing happened on May 13th when"}, {"start": "00:00:56", "end": "00:01:01", "text": "tokenized OpenAI and Enthropic shares"}, {"start": "00:00:58", "end": "00:01:03", "text": "collapsed up to 46% in a single day and"}, {"start": "00:01:01", "end": "00:01:06", "text": "holders trying to exit found liquidity"}, {"start": "00:01:03", "end": "00:01:09", "text": "pools with $330,000 in stable coins and"}, {"start": "00:01:06", "end": "00:01:12", "text": "$18,000 in Solana waiting [music] for"}, {"start": "00:01:09", "end": "00:01:14", "text": "them. So, is this the purp"}, {"start": "00:01:12", "end": "00:01:16", "text": "or the greatest democratization of"}, {"start": "00:01:14", "end": "00:01:18", "text": "wealth since the index fund? Today,"}, {"start": "00:01:16", "end": "00:01:20", "text": "we'll break down who's building it, how"}, {"start": "00:01:18", "end": "00:01:22", "text": "it actually works, and the potential"}, {"start": "00:01:20", "end": "00:01:25", "text": "trap that retail is walking directly"}, {"start": "00:01:22", "end": "00:01:28", "text": "into. I'm DC, and you're watching the"}, {"start": "00:01:25", "end": "00:01:29", "text": "Coin Bureau. Before we get into it, the"}, {"start": "00:01:28", "end": "00:01:31", "text": "conversation around this stuff,"}, {"start": "00:01:29", "end": "00:01:34", "text": "especially the SpaceX IPO, is moving"}, {"start": "00:01:31", "end": "00:01:36", "text": "faster than YouTube can keep up with. If"}, {"start": "00:01:34", "end": "00:01:38", "text": "you want the alerts, the alpha, and the"}, {"start": "00:01:36", "end": "00:01:40", "text": "breaking news the second it drops, jump"}, {"start": "00:01:38", "end": "00:01:41", "text": "into the Coinb Telegram channel. The"}, {"start": "00:01:40", "end": "00:01:45", "text": "link is in the description, and it's"}, {"start": "00:01:41", "end": "00:01:47", "text": "genuinely worth it. Okay, let's get to"}, {"start": "00:01:45", "end": "00:01:49", "text": "work because this is a very important"}, {"start": "00:01:47", "end": "00:01:51", "text": "one. To understand why tokenized private"}, {"start": "00:01:49", "end": "00:01:52", "text": "equity even exists, you have to"}, {"start": "00:01:51", "end": "00:01:55", "text": "understand the wall it's trying to tear"}, {"start": "00:01:52", "end": "00:01:57", "text": "down. The global private market is now"}, {"start": "00:01:55", "end": "00:02:00", "text": "sitting somewhere between $13 trillion"}, {"start": "00:01:57", "end": "00:02:02", "text": "and $16.5 trillion in assets under"}, {"start": "00:02:00", "end": "00:02:03", "text": "management. That's bigger than the"}, {"start": "00:02:02", "end": "00:02:06", "text": "entire crypto market, the gold market,"}, {"start": "00:02:03", "end": "00:02:08", "text": "and the German stock market combined."}, {"start": "00:02:06", "end": "00:02:11", "text": "And it's about to get even bigger."}, {"start": "00:02:08", "end": "00:02:14", "text": "Prequin projects this number hits $32"}, {"start": "00:02:11", "end": "00:02:16", "text": "trillion by 2030. Meanwhile, the public"}, {"start": "00:02:14", "end": "00:02:18", "text": "market is shrinking. The number of US"}, {"start": "00:02:16", "end": "00:02:21", "text": "listed companies has been cut nearly in"}, {"start": "00:02:18", "end": "00:02:23", "text": "half from around 6,900 back in 2000 to"}, {"start": "00:02:21", "end": "00:02:27", "text": "just 3,952"}, {"start": "00:02:23", "end": "00:02:29", "text": "by the end of 2024. The IPO window has"}, {"start": "00:02:27", "end": "00:02:31", "text": "been almost completely shut. As of"}, {"start": "00:02:29", "end": "00:02:33", "text": "November last year, the share of US"}, {"start": "00:02:31", "end": "00:02:36", "text": "market cap from companies that listed in"}, {"start": "00:02:33", "end": "00:02:39", "text": "the previous 3 years was just 1.3%, far"}, {"start": "00:02:36", "end": "00:02:42", "text": "below the historical average of 4.6%."}, {"start": "00:02:39", "end": "00:02:44", "text": "So, where did all that value go? It"}, {"start": "00:02:42", "end": "00:02:47", "text": "stayed private. It stayed locked inside"}, {"start": "00:02:44", "end": "00:02:49", "text": "Cayman SPVS, Delaware C corps and VC"}, {"start": "00:02:47", "end": "00:02:52", "text": "fund structures that you, the retail"}, {"start": "00:02:49", "end": "00:02:54", "text": "investor, had absolutely zero access to."}, {"start": "00:02:52", "end": "00:02:57", "text": "And the returns those private market"}, {"start": "00:02:54", "end": "00:02:59", "text": "gatekeepers earned were frankly obscene."}, {"start": "00:02:57", "end": "00:03:01", "text": "OpenAI's founding stage backers who got"}, {"start": "00:02:59", "end": "00:03:03", "text": "involved starting in 2015 when the"}, {"start": "00:03:01", "end": "00:03:06", "text": "nonprofit was seated with roughly $1"}, {"start": "00:03:03", "end": "00:03:08", "text": "billion in pledges from Musk, Alman, and"}, {"start": "00:03:06", "end": "00:03:11", "text": "others. By the time Microsoft put in its"}, {"start": "00:03:08", "end": "00:03:13", "text": "$1 billion in 2019 to launch the"}, {"start": "00:03:11", "end": "00:03:16", "text": "for-profit arm, the company was already"}, {"start": "00:03:13", "end": "00:03:18", "text": "valued well above that. However, you"}, {"start": "00:03:16", "end": "00:03:21", "text": "slice the entry points, the gap between"}, {"start": "00:03:18", "end": "00:03:23", "text": "those early valuations and today's 852"}, {"start": "00:03:21", "end": "00:03:26", "text": "billion post money figure is one of the"}, {"start": "00:03:23", "end": "00:03:28", "text": "most extraordinary return trajectories"}, {"start": "00:03:26", "end": "00:03:30", "text": "in venture history. Stripe seed"}, {"start": "00:03:28", "end": "00:03:33", "text": "investors put money in at a $20 million"}, {"start": "00:03:30", "end": "00:03:37", "text": "valuation back in 2011. The February"}, {"start": "00:03:33", "end": "00:03:40", "text": "2026 tender offer priced stripe at 159"}, {"start": "00:03:37", "end": "00:03:42", "text": "billion. SpaceX Founders Fund and Draper"}, {"start": "00:03:40", "end": "00:03:45", "text": "Fisher Jvetson are sitting on returns"}, {"start": "00:03:42", "end": "00:03:47", "text": "from the 2002 to 2008 era that make"}, {"start": "00:03:45", "end": "00:03:49", "text": "Bitcoin's run look like a savings"}, {"start": "00:03:47", "end": "00:03:52", "text": "account. Top quartile private buyout"}, {"start": "00:03:49", "end": "00:03:55", "text": "funds have generated 24% annualized"}, {"start": "00:03:52", "end": "00:03:58", "text": "returns over the last decade. The S&P"}, {"start": "00:03:55", "end": "00:04:00", "text": "500 returned 15%, the MSEI World"}, {"start": "00:03:58", "end": "00:04:03", "text": "returned 13%. The best returns of the"}, {"start": "00:04:00", "end": "00:04:05", "text": "last decade were systemically walled off"}, {"start": "00:04:03", "end": "00:04:07", "text": "behind accredited investor rules,"}, {"start": "00:04:05", "end": "00:04:10", "text": "$500,000 minimums, and a fund structure"}, {"start": "00:04:07", "end": "00:04:13", "text": "that required you to lock capital for 10"}, {"start": "00:04:10", "end": "00:04:15", "text": "years. Crypto is now finally ripping"}, {"start": "00:04:13", "end": "00:04:17", "text": "down that wall. The question is whether"}, {"start": "00:04:15", "end": "00:04:19", "text": "what's coming through that hole is"}, {"start": "00:04:17", "end": "00:04:22", "text": "actual equity or just a clever"}, {"start": "00:04:19", "end": "00:04:24", "text": "derivative wearing a costume. So, who is"}, {"start": "00:04:22", "end": "00:04:26", "text": "actually building this? The market today"}, {"start": "00:04:24", "end": "00:04:27", "text": "splits into two very different camps and"}, {"start": "00:04:26", "end": "00:04:29", "text": "you need to understand the difference"}, {"start": "00:04:27", "end": "00:04:32", "text": "before you click buy on anything. Camp"}, {"start": "00:04:29", "end": "00:04:34", "text": "one is the SPVbacked model. These are"}, {"start": "00:04:32", "end": "00:04:36", "text": "platforms like Tessera backed finance"}, {"start": "00:04:34", "end": "00:04:39", "text": "which is now part of Kraken's ecosystem,"}, {"start": "00:04:36", "end": "00:04:42", "text": "Jarzy Swarm and Securitize. The mechanic"}, {"start": "00:04:39", "end": "00:04:44", "text": "here is straightforward. A specialurpose"}, {"start": "00:04:42", "end": "00:04:47", "text": "vehicle SPV usually doiciled in the"}, {"start": "00:04:44", "end": "00:04:49", "text": "Cayman Islands or Lenstein goes out into"}, {"start": "00:04:47", "end": "00:04:51", "text": "the accredited investor secondary market"}, {"start": "00:04:49", "end": "00:04:53", "text": "on platforms like Forge Global and"}, {"start": "00:04:51", "end": "00:04:56", "text": "Equity Zen and buys actual private"}, {"start": "00:04:53", "end": "00:04:57", "text": "company shares. The SPV then mints"}, {"start": "00:04:56", "end": "00:05:00", "text": "tokens onetoone representing a"}, {"start": "00:04:57", "end": "00:05:02", "text": "beneficial interest in those shares. You"}, {"start": "00:05:00", "end": "00:05:05", "text": "buy the token, you own a fractional"}, {"start": "00:05:02", "end": "00:05:08", "text": "economic claim on the SPV. The SPV owns"}, {"start": "00:05:05", "end": "00:05:09", "text": "the actual shares. Tacera launched this"}, {"start": "00:05:08", "end": "00:05:11", "text": "on Solana back in February. used"}, {"start": "00:05:09", "end": "00:05:14", "text": "Chainlink's proof of reserves to verify"}, {"start": "00:05:11", "end": "00:05:16", "text": "the backing and did roughly $97 million"}, {"start": "00:05:14", "end": "00:05:19", "text": "in volume in the first two months. Chem"}, {"start": "00:05:16", "end": "00:05:20", "text": "2 is the synthetic model. These are"}, {"start": "00:05:19", "end": "00:05:23", "text": "platforms like Republic with their"}, {"start": "00:05:20", "end": "00:05:26", "text": "mirror tokens, Bits IPO Prime products,"}, {"start": "00:05:23", "end": "00:05:29", "text": "Hyperlquid's preIPO pers, and"}, {"start": "00:05:26", "end": "00:05:31", "text": "effectively Robin Hood EU. Here there is"}, {"start": "00:05:29", "end": "00:05:33", "text": "no SPV holding real shares for you. The"}, {"start": "00:05:31", "end": "00:05:35", "text": "platform issues a contractual note that"}, {"start": "00:05:33", "end": "00:05:37", "text": "tracks the price of the underlying"}, {"start": "00:05:35", "end": "00:05:39", "text": "company using secondary market data"}, {"start": "00:05:37", "end": "00:05:41", "text": "feeds. You're not buying a claim on"}, {"start": "00:05:39", "end": "00:05:43", "text": "equity. You're buying a payout promise"}, {"start": "00:05:41", "end": "00:05:45", "text": "from the platform itself. Republic"}, {"start": "00:05:43", "end": "00:05:49", "text": "launched its Mirror tokens, including"}, {"start": "00:05:45", "end": "00:05:52", "text": "RSPAX for SpaceX back in June 2025 with"}, {"start": "00:05:49", "end": "00:05:55", "text": "a $50 minimum investment. Bit's preppp"}, {"start": "00:05:52", "end": "00:05:59", "text": "product pulled in $171 million in"}, {"start": "00:05:55", "end": "00:06:01", "text": "commitments and preopai for OpenAI broke"}, {"start": "00:05:59", "end": "00:06:03", "text": "100 million in April alone. The biggest"}, {"start": "00:06:01", "end": "00:06:06", "text": "player by volume, that's actually Ono"}, {"start": "00:06:03", "end": "00:06:09", "text": "Finance, which has captured roughly 70%"}, {"start": "00:06:06", "end": "00:06:12", "text": "of the $963 million tokenized equity"}, {"start": "00:06:09", "end": "00:06:15", "text": "market and crossed $1 billion in TVL"}, {"start": "00:06:12", "end": "00:06:18", "text": "last month. But Ono is mostly focused on"}, {"start": "00:06:15", "end": "00:06:20", "text": "public equities, not private. The preIPO"}, {"start": "00:06:18", "end": "00:06:23", "text": "ground is being fought over by Republic,"}, {"start": "00:06:20", "end": "00:06:24", "text": "Tesra, Jarzy, and the Bitcap Republic"}, {"start": "00:06:23", "end": "00:06:26", "text": "partnership. And every single one of"}, {"start": "00:06:24", "end": "00:06:28", "text": "these platforms is selling you something"}, {"start": "00:06:26", "end": "00:06:30", "text": "subtly different from what their"}, {"start": "00:06:28", "end": "00:06:31", "text": "marketing suggests. So let's walk"}, {"start": "00:06:30", "end": "00:06:34", "text": "through what actually happens when you"}, {"start": "00:06:31", "end": "00:06:36", "text": "buy tokenized SpaceX. I'll use two"}, {"start": "00:06:34", "end": "00:06:40", "text": "examples side by side. First Tesla on"}, {"start": "00:06:36", "end": "00:06:42", "text": "Solana. You complete KYC deposit USDC"}, {"start": "00:06:40", "end": "00:06:44", "text": "and the platform mints SpaceX tokens to"}, {"start": "00:06:42", "end": "00:06:47", "text": "your wallet. The price you pay is"}, {"start": "00:06:44", "end": "00:06:50", "text": "derived from secondary markets on Forge"}, {"start": "00:06:47", "end": "00:06:51", "text": "Global and Equity Zen, then relayed on"}, {"start": "00:06:50", "end": "00:06:54", "text": "chain through Chainlink's proof of"}, {"start": "00:06:51", "end": "00:06:57", "text": "reserve oracle. In April, Tesra's SpaceX"}, {"start": "00:06:54", "end": "00:07:00", "text": "token was implying a $1.5 trillion"}, {"start": "00:06:57", "end": "00:07:02", "text": "valuation. Well, SpaceX's last official"}, {"start": "00:07:00", "end": "00:07:05", "text": "funding round valued the company at 1.25"}, {"start": "00:07:02", "end": "00:07:07", "text": "trillion. So that's a 20% premium to the"}, {"start": "00:07:05", "end": "00:07:10", "text": "last known private valuation backed in"}, {"start": "00:07:07", "end": "00:07:12", "text": "from day one with no arbitrage mechanism"}, {"start": "00:07:10", "end": "00:07:14", "text": "to close the gap. So what you now"}, {"start": "00:07:12", "end": "00:07:17", "text": "actually own is something called a loan"}, {"start": "00:07:14", "end": "00:07:19", "text": "participation right in a Cayman Island"}, {"start": "00:07:17", "end": "00:07:21", "text": "segregated portfolio company. The"}, {"start": "00:07:19", "end": "00:07:23", "text": "portfolio company holds the SpaceX"}, {"start": "00:07:21", "end": "00:07:26", "text": "shares. You hold a claim on the"}, {"start": "00:07:23", "end": "00:07:27", "text": "portfolio company. SpaceX does not know"}, {"start": "00:07:26", "end": "00:07:30", "text": "you exist. They don't want to. and"}, {"start": "00:07:27", "end": "00:07:31", "text": "frankly they don't care. Okay, if you're"}, {"start": "00:07:30", "end": "00:07:33", "text": "looking to trade these latest market"}, {"start": "00:07:31", "end": "00:07:36", "text": "moves, be it with crypto or trady"}, {"start": "00:07:33", "end": "00:07:38", "text": "assets, then BitGet is the place to do"}, {"start": "00:07:36", "end": "00:07:41", "text": "it. And they've recently released their"}, {"start": "00:07:38", "end": "00:07:43", "text": "new BitGet trad platform that lets you"}, {"start": "00:07:41", "end": "00:07:44", "text": "trade gold and other commodities"}, {"start": "00:07:43", "end": "00:07:47", "text": "directly [music]"}, {"start": "00:07:44", "end": "00:07:50", "text": "with USDT. Users get access to deep"}, {"start": "00:07:47", "end": "00:07:52", "text": "liquidity and low slippage. [music] And"}, {"start": "00:07:50", "end": "00:07:56", "text": "if you're feeling brave, you can also"}, {"start": "00:07:52", "end": "00:07:58", "text": "use up to 500x leverage, too."}, {"start": "00:07:56", "end": "00:08:00", "text": "So, scan [music] the QR code right here"}, {"start": "00:07:58", "end": "00:08:04", "text": "to sign up and put yourself in the"}, {"start": "00:08:00", "end": "00:08:07", "text": "running to net a $50,000 deposit bonus."}, {"start": "00:08:04", "end": "00:08:11", "text": "Nice. The second example, Republic's"}, {"start": "00:08:07", "end": "00:08:13", "text": "RSPAX. You deposit $50 in fiat or stable"}, {"start": "00:08:11", "end": "00:08:16", "text": "coins and Republic mints a mirror token"}, {"start": "00:08:13", "end": "00:08:18", "text": "into your inapp Republic wallet. This is"}, {"start": "00:08:16", "end": "00:08:20", "text": "custody by Republic. It is not"}, {"start": "00:08:18", "end": "00:08:22", "text": "self-custody. The reference price was"}, {"start": "00:08:20", "end": "00:08:24", "text": "locked at a $400 billion SpaceX"}, {"start": "00:08:22", "end": "00:08:28", "text": "valuation back when the product launched"}, {"start": "00:08:24", "end": "00:08:30", "text": "in June 2025. That price does not update"}, {"start": "00:08:28", "end": "00:08:34", "text": "in real time. So if SpaceX eventually"}, {"start": "00:08:30", "end": "00:08:36", "text": "IPOs at, let's say, $1.75 trillion,"}, {"start": "00:08:34", "end": "00:08:38", "text": "Republic owes you a cash settlement"}, {"start": "00:08:36", "end": "00:08:41", "text": "based on the ratio of IPO price to that"}, {"start": "00:08:38", "end": "00:08:43", "text": "locked $400 billion reference price. You"}, {"start": "00:08:41", "end": "00:08:45", "text": "don't get SpaceX stock. You get a wire"}, {"start": "00:08:43", "end": "00:08:47", "text": "transfer. And if something goes wrong,"}, {"start": "00:08:45", "end": "00:08:49", "text": "SpaceX never IPOs. And if the note"}, {"start": "00:08:47", "end": "00:08:52", "text": "matures in 10 years with no liquidity"}, {"start": "00:08:49", "end": "00:08:53", "text": "event, you potentially receive cents on"}, {"start": "00:08:52", "end": "00:08:55", "text": "the dollar or nothing at all. Now,"}, {"start": "00:08:53", "end": "00:08:58", "text": "here's the part that almost nobody's"}, {"start": "00:08:55", "end": "00:09:00", "text": "pricing in the liquidity trap. Private"}, {"start": "00:08:58", "end": "00:09:02", "text": "company shares do not have real-time"}, {"start": "00:09:00", "end": "00:09:04", "text": "prices. There is a continuous order"}, {"start": "00:09:02", "end": "00:09:07", "text": "book. There is no New York Stock"}, {"start": "00:09:04", "end": "00:09:08", "text": "Exchange closing bell. The price of a"}, {"start": "00:09:07", "end": "00:09:10", "text": "SpaceX share is whatever the last"}, {"start": "00:09:08", "end": "00:09:13", "text": "accredited investor was willing to pay"}, {"start": "00:09:10", "end": "00:09:16", "text": "on Forge Global, which might have been 3"}, {"start": "00:09:13", "end": "00:09:18", "text": "weeks ago or 3 months ago. This creates"}, {"start": "00:09:16", "end": "00:09:20", "text": "oracle staleness. The tokenized version"}, {"start": "00:09:18", "end": "00:09:23", "text": "of a private company is pricing off a"}, {"start": "00:09:20", "end": "00:09:25", "text": "derived price from an illlquid secondary"}, {"start": "00:09:23", "end": "00:09:27", "text": "market that itself trades infrequently."}, {"start": "00:09:25", "end": "00:09:29", "text": "So when something material happens, a"}, {"start": "00:09:27", "end": "00:09:31", "text": "competitor raises money, the Fed pivots,"}, {"start": "00:09:29", "end": "00:09:34", "text": "the company misses earnings projections,"}, {"start": "00:09:31", "end": "00:09:36", "text": "the token can reset violently because"}, {"start": "00:09:34", "end": "00:09:38", "text": "the order book has no depth to absorb"}, {"start": "00:09:36", "end": "00:09:40", "text": "the move. And we have already seen this"}, {"start": "00:09:38", "end": "00:09:42", "text": "play out. On May 13th, OpenAI and"}, {"start": "00:09:40", "end": "00:09:45", "text": "Anthropic both issued formal warnings"}, {"start": "00:09:42", "end": "00:09:47", "text": "that any unauthorized transfer of their"}, {"start": "00:09:45", "end": "00:09:50", "text": "equity, including through SPVS and"}, {"start": "00:09:47", "end": "00:09:52", "text": "tokenized instruments, was void. No"}, {"start": "00:09:50", "end": "00:09:55", "text": "shareholder rights, no economic value,"}, {"start": "00:09:52", "end": "00:09:58", "text": "Solana based pre-stock tokens of these"}, {"start": "00:09:55", "end": "00:10:00", "text": "companies dropped 38% to 46% within 24"}, {"start": "00:09:58", "end": "00:10:02", "text": "hours. And when holders rushed to exit,"}, {"start": "00:10:00", "end": "00:10:04", "text": "the entire anthropic liquidity pool had"}, {"start": "00:10:02", "end": "00:10:07", "text": "$333,000"}, {"start": "00:10:04", "end": "00:10:09", "text": "in stable coins and only $18,000 in"}, {"start": "00:10:07", "end": "00:10:12", "text": "Solana. The order book was a ghost town."}, {"start": "00:10:09", "end": "00:10:14", "text": "The marketing said democratized access."}, {"start": "00:10:12", "end": "00:10:17", "text": "The reality was a trapoor. And it gets"}, {"start": "00:10:14", "end": "00:10:19", "text": "worse because corporate disavow is not"}, {"start": "00:10:17", "end": "00:10:22", "text": "just an open AI and anthropic problem."}, {"start": "00:10:19", "end": "00:10:24", "text": "Every private company has right of first"}, {"start": "00:10:22", "end": "00:10:26", "text": "refusal clauses in their shareholder"}, {"start": "00:10:24", "end": "00:10:29", "text": "agreements. Meaning they can block or"}, {"start": "00:10:26", "end": "00:10:31", "text": "void SPV transfers at will. So the token"}, {"start": "00:10:29", "end": "00:10:33", "text": "you bought might be legally null and"}, {"start": "00:10:31", "end": "00:10:35", "text": "void the moment the issuing company"}, {"start": "00:10:33", "end": "00:10:38", "text": "decides to make a phone call. This is"}, {"start": "00:10:35", "end": "00:10:40", "text": "the asymmetry no platform puts in its"}, {"start": "00:10:38", "end": "00:10:42", "text": "marketing materials. Which brings us to"}, {"start": "00:10:40", "end": "00:10:44", "text": "the ownership illusion. You are not a"}, {"start": "00:10:42", "end": "00:10:46", "text": "shareholder. Across every tokenized"}, {"start": "00:10:44", "end": "00:10:49", "text": "private equity product on the market"}, {"start": "00:10:46", "end": "00:10:51", "text": "today, you have zero voting rights. You"}, {"start": "00:10:49", "end": "00:10:53", "text": "have zero dividend rights unless"}, {"start": "00:10:51", "end": "00:10:55", "text": "explicitly passed through, which is"}, {"start": "00:10:53", "end": "00:10:56", "text": "exceedingly rare. You have no presence"}, {"start": "00:10:55", "end": "00:10:59", "text": "on the cap table. You have no"}, {"start": "00:10:56", "end": "00:11:01", "text": "anti-dilution protection. If the company"}, {"start": "00:10:59", "end": "00:11:04", "text": "does a series X round, your economic"}, {"start": "00:11:01", "end": "00:11:06", "text": "exposure dilutes with zero recourse. You"}, {"start": "00:11:04", "end": "00:11:07", "text": "don't get investor updates. You don't"}, {"start": "00:11:06", "end": "00:11:10", "text": "get audited financials. You don't get a"}, {"start": "00:11:07", "end": "00:11:12", "text": "board seat or a vote on a merger. You"}, {"start": "00:11:10", "end": "00:11:14", "text": "are a counterparty to a synthetic"}, {"start": "00:11:12", "end": "00:11:16", "text": "contract sitting downstream of an SPV"}, {"start": "00:11:14", "end": "00:11:18", "text": "that is itself sitting downstream of a"}, {"start": "00:11:16", "end": "00:11:21", "text": "cap table you will never get to see. So"}, {"start": "00:11:18", "end": "00:11:23", "text": "if SpaceX gets acquired in an asset"}, {"start": "00:11:21", "end": "00:11:26", "text": "purchase instead of a share purchase,"}, {"start": "00:11:23", "end": "00:11:28", "text": "the SPV gets nothing. If Republic itself"}, {"start": "00:11:26", "end": "00:11:30", "text": "gets stressed by hedging losses during"}, {"start": "00:11:28", "end": "00:11:34", "text": "an IPO, you have double counterparty"}, {"start": "00:11:30", "end": "00:11:36", "text": "exposure. If the company does a 47% down"}, {"start": "00:11:34", "end": "00:11:39", "text": "round like Stripe did between 2021 and"}, {"start": "00:11:36", "end": "00:11:42", "text": "2023, you eat that draw down with no"}, {"start": "00:11:39", "end": "00:11:44", "text": "ability to vote, exit or hedge. The"}, {"start": "00:11:42", "end": "00:11:46", "text": "product shipping right now is exposure,"}, {"start": "00:11:44", "end": "00:11:48", "text": "not ownership. Those are very different"}, {"start": "00:11:46", "end": "00:11:50", "text": "financial instruments wearing very"}, {"start": "00:11:48", "end": "00:11:53", "text": "similar marketing. Now, let's talk about"}, {"start": "00:11:50", "end": "00:11:56", "text": "the gun loaded at this entire sector."}, {"start": "00:11:53", "end": "00:11:57", "text": "Regulation. In January, the SEC staff"}, {"start": "00:11:56", "end": "00:11:59", "text": "put out a joint statement that was just"}, {"start": "00:11:57", "end": "00:12:01", "text": "10 words you need to remember."}, {"start": "00:11:59", "end": "00:12:04", "text": "Tokenization does not change the"}, {"start": "00:12:01", "end": "00:12:06", "text": "fundamental nature of a security."}, {"start": "00:12:04", "end": "00:12:08", "text": "Translation: If it walks like a"}, {"start": "00:12:06", "end": "00:12:11", "text": "security, acts like a security, and"}, {"start": "00:12:08", "end": "00:12:12", "text": "talks like a security, the SEC owns it,"}, {"start": "00:12:11", "end": "00:12:15", "text": "regardless of which blockchain it lives"}, {"start": "00:12:12", "end": "00:12:17", "text": "on. Now, the new SEC chair, Paul Atkins,"}, {"start": "00:12:15", "end": "00:12:21", "text": "has rolled out something he calls the"}, {"start": "00:12:17", "end": "00:12:24", "text": "ACT framework, ACT, advance, clarify,"}, {"start": "00:12:21", "end": "00:12:26", "text": "transform. He's promised an innovation"}, {"start": "00:12:24", "end": "00:12:28", "text": "exemption that would allow tokenized"}, {"start": "00:12:26", "end": "00:12:31", "text": "securities to trade for 12 to 36 months"}, {"start": "00:12:28", "end": "00:12:34", "text": "without full registration with volume"}, {"start": "00:12:31", "end": "00:12:36", "text": "caps and KYC requirements. Initially,"}, {"start": "00:12:34", "end": "00:12:38", "text": "that sounds very bullish. But here's"}, {"start": "00:12:36", "end": "00:12:40", "text": "what the Clarity Act, which just cleared"}, {"start": "00:12:38", "end": "00:12:43", "text": "Senate Banking Committee on May 14th,"}, {"start": "00:12:40", "end": "00:12:45", "text": "actually does. It splits jurisdiction."}, {"start": "00:12:43", "end": "00:12:47", "text": "The CFTC gets digital commodities, your"}, {"start": "00:12:45", "end": "00:12:49", "text": "Bitcoin, your Ethereum, your"}, {"start": "00:12:47", "end": "00:12:52", "text": "sufficiently decentralized networks. The"}, {"start": "00:12:49", "end": "00:12:54", "text": "SEC keeps everything else, including"}, {"start": "00:12:52", "end": "00:12:57", "text": "explicitly tokenized securities. There"}, {"start": "00:12:54", "end": "00:12:59", "text": "is no escape hatch for tokenized private"}, {"start": "00:12:57", "end": "00:13:02", "text": "equity in this legislation. If your"}, {"start": "00:12:59", "end": "00:13:05", "text": "token represents preIPO equity, the SEC"}, {"start": "00:13:02", "end": "00:13:06", "text": "retains full jurisdiction. Senators"}, {"start": "00:13:05", "end": "00:13:08", "text": "Warren and Von Holland are already"}, {"start": "00:13:06", "end": "00:13:10", "text": "pushing back hard against broad"}, {"start": "00:13:08", "end": "00:13:13", "text": "exemptions, warning about flash crashes"}, {"start": "00:13:10", "end": "00:13:15", "text": "and illicit protocols hurting retail. In"}, {"start": "00:13:13", "end": "00:13:17", "text": "the EU, Mika created a unified"}, {"start": "00:13:15", "end": "00:13:19", "text": "regulatory passport, which is why Robin"}, {"start": "00:13:17", "end": "00:13:22", "text": "Hood launched its tokenized stocks,"}, {"start": "00:13:19", "end": "00:13:25", "text": "including SpaceX and OpenAI exposure in"}, {"start": "00:13:22", "end": "00:13:27", "text": "31 EU countries in June 2025. But even"}, {"start": "00:13:25", "end": "00:13:29", "text": "there, the Bank of Lithuania is openly"}, {"start": "00:13:27", "end": "00:13:31", "text": "asking whether these products are"}, {"start": "00:13:29", "end": "00:13:34", "text": "actually shares or just derivatives"}, {"start": "00:13:31", "end": "00:13:36", "text": "wearing a costume. The current market"}, {"start": "00:13:34", "end": "00:13:38", "text": "exists in a window of jurisdictional"}, {"start": "00:13:36", "end": "00:13:40", "text": "arbitrage. US platforms hide in"}, {"start": "00:13:38", "end": "00:13:42", "text": "regulation D. Synthetic products hide in"}, {"start": "00:13:40", "end": "00:13:45", "text": "say shells. SPVS hide in the Cayman"}, {"start": "00:13:42", "end": "00:13:47", "text": "Islands. This window closes the moment"}, {"start": "00:13:45", "end": "00:13:49", "text": "the SEC decides to make an example out"}, {"start": "00:13:47", "end": "00:13:52", "text": "of one major platform or Congress passes"}, {"start": "00:13:49", "end": "00:13:54", "text": "legislation with extr territorial reach."}, {"start": "00:13:52", "end": "00:13:57", "text": "The infrastructure being built today"}, {"start": "00:13:54", "end": "00:13:59", "text": "might be illegal tomorrow. But, and this"}, {"start": "00:13:57", "end": "00:14:01", "text": "is the part I think honest analysts have"}, {"start": "00:13:59", "end": "00:14:05", "text": "to admit, the bull case is real and the"}, {"start": "00:14:01", "end": "00:14:07", "text": "bull case is genuinely huge. 247 markets"}, {"start": "00:14:05", "end": "00:14:09", "text": "for assets that have historically had"}, {"start": "00:14:07", "end": "00:14:12", "text": "zero price discovery between quarterly"}, {"start": "00:14:09", "end": "00:14:15", "text": "marktomodel updates. $10 minimum tickets"}, {"start": "00:14:12", "end": "00:14:18", "text": "on platforms like Charzy versus $500,000"}, {"start": "00:14:15", "end": "00:14:19", "text": "minimums on traditional VC funds. Global"}, {"start": "00:14:18", "end": "00:14:21", "text": "access for retail investors in"}, {"start": "00:14:19", "end": "00:14:24", "text": "jurisdictions that have never had any"}, {"start": "00:14:21", "end": "00:14:26", "text": "path to Silicon Valley exposure. DeFi"}, {"start": "00:14:24", "end": "00:14:29", "text": "composability where Ono is now letting"}, {"start": "00:14:26", "end": "00:14:31", "text": "tokenized securities serve as collateral"}, {"start": "00:14:29", "end": "00:14:33", "text": "for perpetuals, eliminating double"}, {"start": "00:14:31", "end": "00:14:36", "text": "collateralization in ways traditional"}, {"start": "00:14:33", "end": "00:14:37", "text": "finance literally cannot match. The"}, {"start": "00:14:36", "end": "00:14:41", "text": "total addressable market here is"}, {"start": "00:14:37", "end": "00:14:43", "text": "enormous. If even 1% of the $13 trillion"}, {"start": "00:14:41", "end": "00:14:46", "text": "private market gets tokenized, that's"}, {"start": "00:14:43", "end": "00:14:48", "text": "$130 billion in assets under management"}, {"start": "00:14:46", "end": "00:14:51", "text": "versus roughly $1 billion that exists"}, {"start": "00:14:48", "end": "00:14:53", "text": "today. That's a 100x growth runway just"}, {"start": "00:14:51", "end": "00:14:58", "text": "to reach 1% penetration. and the demand"}, {"start": "00:14:53", "end": "00:15:01", "text": "is verified. Bitgat's pre spax drew $171"}, {"start": "00:14:58", "end": "00:15:03", "text": "million in commitments within weeks. The"}, {"start": "00:15:01", "end": "00:15:05", "text": "broader prediction market space, Poly"}, {"start": "00:15:03", "end": "00:15:07", "text": "Market, Kali, and others collectively"}, {"start": "00:15:05", "end": "00:15:10", "text": "hit roughly $40 billion in global volume"}, {"start": "00:15:07", "end": "00:15:12", "text": "last year, proving retail will pay real"}, {"start": "00:15:10", "end": "00:15:15", "text": "money for exposure to outcomes they"}, {"start": "00:15:12", "end": "00:15:17", "text": "currently can't access. The DTCC, the"}, {"start": "00:15:15", "end": "00:15:18", "text": "institution that settles every stock"}, {"start": "00:15:17", "end": "00:15:21", "text": "trade in America, is launching a"}, {"start": "00:15:18", "end": "00:15:24", "text": "tokenized RWA pilot in July, covering"}, {"start": "00:15:21", "end": "00:15:26", "text": "Russell 1000 stocks and US treasuries."}, {"start": "00:15:24", "end": "00:15:28", "text": "Black Rockck's Bidd is already passed"}, {"start": "00:15:26", "end": "00:15:31", "text": "$2.3 billion in assets under management"}, {"start": "00:15:28", "end": "00:15:35", "text": "and securitize is going public via a"}, {"start": "00:15:31", "end": "00:15:37", "text": "$1.25 billion SPAC merger. So, this"}, {"start": "00:15:35", "end": "00:15:40", "text": "isn't a tiny crypto narrative anymore."}, {"start": "00:15:37", "end": "00:15:42", "text": "The plumbing is being built by the most"}, {"start": "00:15:40", "end": "00:15:44", "text": "credentialed institutions in finance and"}, {"start": "00:15:42", "end": "00:15:46", "text": "very soon we're about to get the first"}, {"start": "00:15:44", "end": "00:15:48", "text": "real world test of whether any of this"}, {"start": "00:15:46", "end": "00:15:51", "text": "actually works. SpaceX filed its"}, {"start": "00:15:48", "end": "00:15:53", "text": "confidential S1 with the SEC on April"}, {"start": "00:15:51", "end": "00:15:56", "text": "1st targeting a public listing in June"}, {"start": "00:15:53", "end": "00:15:59", "text": "at a valuation between $1.75 and $2"}, {"start": "00:15:56", "end": "00:16:01", "text": "trillion. When that IPO clears, it"}, {"start": "00:15:59", "end": "00:16:04", "text": "becomes the first major settlement event"}, {"start": "00:16:01", "end": "00:16:07", "text": "for the entire tokenized preIPO sector."}, {"start": "00:16:04", "end": "00:16:09", "text": "So SPV holders on Tessera should receive"}, {"start": "00:16:07", "end": "00:16:11", "text": "proportional payouts. Republic mirror"}, {"start": "00:16:09", "end": "00:16:13", "text": "token holders should get cash settlement"}, {"start": "00:16:11", "end": "00:16:15", "text": "against that locked $400 billion"}, {"start": "00:16:13", "end": "00:16:18", "text": "reference price which is roughly a four"}, {"start": "00:16:15", "end": "00:16:22", "text": "to five times return on paper. Bitgget"}, {"start": "00:16:18", "end": "00:16:25", "text": "prepp holders settle 6 months post IPO"}, {"start": "00:16:22", "end": "00:16:27", "text": "into stock linked assets or USDT. That"}, {"start": "00:16:25", "end": "00:16:30", "text": "settlement event is going to define this"}, {"start": "00:16:27", "end": "00:16:32", "text": "entire sector's credibility. If it"}, {"start": "00:16:30", "end": "00:16:34", "text": "clears smoothly, retail capital floods"}, {"start": "00:16:32", "end": "00:16:36", "text": "in. If it doesn't, we get another"}, {"start": "00:16:34", "end": "00:16:39", "text": "pre-stock style collapse, but at 10"}, {"start": "00:16:36", "end": "00:16:42", "text": "times the scale. So, here's where I land"}, {"start": "00:16:39", "end": "00:16:44", "text": "on this. Tokenized private equity is the"}, {"start": "00:16:42", "end": "00:16:47", "text": "most important RWA narrative going into"}, {"start": "00:16:44", "end": "00:16:49", "text": "2026. The promise is real. Retail is"}, {"start": "00:16:47", "end": "00:16:51", "text": "finally getting at least some form of"}, {"start": "00:16:49", "end": "00:16:54", "text": "access to the asset class that built"}, {"start": "00:16:51", "end": "00:16:56", "text": "generational VC wealth. But the product"}, {"start": "00:16:54", "end": "00:16:58", "text": "that's actually shipping right now is"}, {"start": "00:16:56", "end": "00:17:00", "text": "overwhelmingly a synthetic rapper, not"}, {"start": "00:16:58", "end": "00:17:02", "text": "equity. Treat these tokens like pers on"}, {"start": "00:17:00", "end": "00:17:04", "text": "illquid assets, not like stock"}, {"start": "00:17:02", "end": "00:17:06", "text": "certificates. Size your positions"}, {"start": "00:17:04", "end": "00:17:08", "text": "accordingly. Watch the premiums and"}, {"start": "00:17:06", "end": "00:17:10", "text": "discounts to known valuations,"}, {"start": "00:17:08", "end": "00:17:13", "text": "especially when they detach by 20 or"}, {"start": "00:17:10", "end": "00:17:14", "text": "30%. Read the fine prints on every"}, {"start": "00:17:13", "end": "00:17:17", "text": "reference price and every maturity"}, {"start": "00:17:14", "end": "00:17:20", "text": "clause. And never ever confuse exposure"}, {"start": "00:17:17", "end": "00:17:22", "text": "with ownership. The infrastructure will"}, {"start": "00:17:20", "end": "00:17:24", "text": "mature. the DTCC, Black Rockck,"}, {"start": "00:17:22", "end": "00:17:27", "text": "Securitize, Onondo. They're building"}, {"start": "00:17:24", "end": "00:17:29", "text": "rails that will eventually carry real"}, {"start": "00:17:27", "end": "00:17:31", "text": "regulated tokenized equity with actual"}, {"start": "00:17:29", "end": "00:17:33", "text": "shareholder rights. But the bridge"}, {"start": "00:17:31", "end": "00:17:35", "text": "between today's synthetic rappers and"}, {"start": "00:17:33", "end": "00:17:38", "text": "tomorrow's real onchain equity has its"}, {"start": "00:17:35", "end": "00:17:40", "text": "first cycle to survive. The question is"}, {"start": "00:17:38", "end": "00:17:42", "text": "whether you survive it with your capital"}, {"start": "00:17:40", "end": "00:17:44", "text": "intact. If you found this useful, please"}, {"start": "00:17:42", "end": "00:17:46", "text": "hit that like button. It really helps"}, {"start": "00:17:44", "end": "00:17:49", "text": "out a lot. And seriously, jump into the"}, {"start": "00:17:46", "end": "00:17:50", "text": "Coinb Telegram channel. When the SpaceX"}, {"start": "00:17:49", "end": "00:17:52", "text": "IPO clears and these settlements"}, {"start": "00:17:50", "end": "00:17:54", "text": "actually start happening, you do not"}, {"start": "00:17:52", "end": "00:17:57", "text": "want to be finding it out from a YouTube"}, {"start": "00:17:54", "end": "00:17:59", "text": "video uploaded 3 days later. As always,"}, {"start": "00:17:57", "end": "00:18:02", "text": "thanks so much for watching and I'll see"}, {"start": "00:17:59", "end": "00:18:05", "text": "you again very soon. This is DC signing"}, {"start": "00:18:02", "end": "00:18:05", "text": "off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "On May 19th, 2026, Donald Trump signed"}, {"start": "00:00:03", "end": "00:00:08", "text": "an executive order giving four federal"}, {"start": "00:00:05", "end": "00:00:10", "text": "regulators just 90 days to dismantle"}, {"start": "00:00:08", "end": "00:00:12", "text": "every single barrier blocking crypto"}, {"start": "00:00:10", "end": "00:00:14", "text": "firms from American bank accounts. In"}, {"start": "00:00:12", "end": "00:00:16", "text": "the same week, the Federal Reserve"}, {"start": "00:00:14", "end": "00:00:18", "text": "quietly told its 12 regional banks to"}, {"start": "00:00:16", "end": "00:00:21", "text": "pause all tier three master account"}, {"start": "00:00:18", "end": "00:00:23", "text": "decisions until December 31st. And on"}, {"start": "00:00:21", "end": "00:00:26", "text": "that same day, Trump signed the order,"}, {"start": "00:00:23", "end": "00:00:28", "text": "Elizabeth Warren sent the OCA, a letter"}, {"start": "00:00:26", "end": "00:00:31", "text": "demanding a complete freeze on crypto"}, {"start": "00:00:28", "end": "00:00:33", "text": "charter approvals. So today, we'll walk"}, {"start": "00:00:31", "end": "00:00:36", "text": "you through how Operation Chokepoint 2.0"}, {"start": "00:00:33", "end": "00:00:38", "text": "actually works, dismantle the executive"}, {"start": "00:00:36", "end": "00:00:40", "text": "order everyone is misreading, and lay"}, {"start": "00:00:38", "end": "00:00:43", "text": "out which firms are positioned to become"}, {"start": "00:00:40", "end": "00:00:45", "text": "America's next financial infrastructure."}, {"start": "00:00:43", "end": "00:00:46", "text": "I'm DC, and you're watching the Coin"}, {"start": "00:00:45", "end": "00:00:48", "text": "Bureau."}, {"start": "00:00:46", "end": "00:00:50", "text": "Now, before we get into what the"}, {"start": "00:00:48", "end": "00:00:52", "text": "executive order actually changes, you"}, {"start": "00:00:50", "end": "00:00:54", "text": "need to understand just how brutal the"}, {"start": "00:00:52", "end": "00:00:56", "text": "debanking error really got, because the"}, {"start": "00:00:54", "end": "00:00:59", "text": "story being sold right now is that Trump"}, {"start": "00:00:56", "end": "00:01:01", "text": "simply ended a regulatory mistake. But"}, {"start": "00:00:59", "end": "00:01:04", "text": "the honest framing is something else"}, {"start": "00:01:01", "end": "00:01:08", "text": "entirely. Between 2022 and 2024, the"}, {"start": "00:01:04", "end": "00:01:10", "text": "FDIC, the OC, and the Federal Reserve"}, {"start": "00:01:08", "end": "00:01:12", "text": "ran a coordinated supervisory campaign"}, {"start": "00:01:10", "end": "00:01:14", "text": "that effectively locked American crypto"}, {"start": "00:01:12", "end": "00:01:16", "text": "firms out of the banking system. It"}, {"start": "00:01:14", "end": "00:01:18", "text": "wasn't done through formal rulemaking."}, {"start": "00:01:16", "end": "00:01:21", "text": "It was done through pause letters, joint"}, {"start": "00:01:18", "end": "00:01:23", "text": "statements, and a vague catchall called"}, {"start": "00:01:21", "end": "00:01:25", "text": "reputational risk that gave examiners"}, {"start": "00:01:23", "end": "00:01:28", "text": "nearly unlimited discretion to shut"}, {"start": "00:01:25", "end": "00:01:30", "text": "things down. A December 2025 House"}, {"start": "00:01:28", "end": "00:01:32", "text": "Financial Services Committee report"}, {"start": "00:01:30", "end": "00:01:35", "text": "documented at least 30 crypto entities"}, {"start": "00:01:32", "end": "00:01:37", "text": "and individuals losing banking access."}, {"start": "00:01:35", "end": "00:01:40", "text": "Founders flew to Switzerland just to"}, {"start": "00:01:37", "end": "00:01:42", "text": "execute payroll and personal accounts of"}, {"start": "00:01:40", "end": "00:01:44", "text": "executives were closed without any"}, {"start": "00:01:42", "end": "00:01:46", "text": "warning whatsoever. And when Coinbase"}, {"start": "00:01:44", "end": "00:01:50", "text": "tried to foyer the pause letters, the"}, {"start": "00:01:46", "end": "00:01:52", "text": "FDIC stonewalled so aggressively that a"}, {"start": "00:01:50", "end": "00:01:56", "text": "federal court ruled they violated"}, {"start": "00:01:52", "end": "00:01:58", "text": "disclosure law and they paid $188,440"}, {"start": "00:01:56", "end": "00:02:01", "text": "in legal fees to settle in February."}, {"start": "00:01:58", "end": "00:02:03", "text": "That's the backdrop, which brings us"}, {"start": "00:02:01", "end": "00:02:06", "text": "directly to the receipts. Let's start"}, {"start": "00:02:03", "end": "00:02:08", "text": "with Silvergate because Silvergate was"}, {"start": "00:02:06", "end": "00:02:10", "text": "the only real-time crypto payment"}, {"start": "00:02:08", "end": "00:02:12", "text": "network the industry actually had in the"}, {"start": "00:02:10", "end": "00:02:15", "text": "United States. When FTX collapsed in"}, {"start": "00:02:12", "end": "00:02:18", "text": "November 2022, Silvergate hemorrhaged"}, {"start": "00:02:15", "end": "00:02:22", "text": "$8.1 billion in digital asset deposits"}, {"start": "00:02:18", "end": "00:02:24", "text": "in a single quarter. A 68% collapse in"}, {"start": "00:02:22", "end": "00:02:26", "text": "its crypto deposit book, which at the"}, {"start": "00:02:24", "end": "00:02:30", "text": "time made up roughly 90% of the bank's"}, {"start": "00:02:26", "end": "00:02:31", "text": "entire deposit base, just gone. To cover"}, {"start": "00:02:30", "end": "00:02:35", "text": "withdrawals, it sold securities at"}, {"start": "00:02:31", "end": "00:02:38", "text": "approximately a $718 million loss and"}, {"start": "00:02:35", "end": "00:02:41", "text": "borrowed $4.3 billion from federal home"}, {"start": "00:02:38", "end": "00:02:44", "text": "loan banks. On March 8th, 2023, it"}, {"start": "00:02:41", "end": "00:02:46", "text": "announced voluntary liquidation. Former"}, {"start": "00:02:44", "end": "00:02:48", "text": "chief risk officer Kate Fra and analyst"}, {"start": "00:02:46", "end": "00:02:51", "text": "Nick Carter both alleged that the"}, {"start": "00:02:48", "end": "00:02:54", "text": "windown wasn't voluntary at all, but the"}, {"start": "00:02:51", "end": "00:02:56", "text": "result of supervisory pressure demanding"}, {"start": "00:02:54", "end": "00:02:59", "text": "crypto deposits be capped at 15% of"}, {"start": "00:02:56", "end": "00:03:01", "text": "total liabilities. So, it basically was"}, {"start": "00:02:59", "end": "00:03:03", "text": "a business model death sentence dressed"}, {"start": "00:03:01", "end": "00:03:05", "text": "up as a corporate decision. 4 days"}, {"start": "00:03:03", "end": "00:03:07", "text": "later, Signature Bank was seized by the"}, {"start": "00:03:05", "end": "00:03:09", "text": "New York Department of Financial"}, {"start": "00:03:07", "end": "00:03:12", "text": "Services. And here's the part almost all"}, {"start": "00:03:09", "end": "00:03:14", "text": "coverage skips. When the FDI sold"}, {"start": "00:03:12", "end": "00:03:17", "text": "Signatures assets to Flaxster Bank on"}, {"start": "00:03:14", "end": "00:03:19", "text": "March 19th, the agreement explicitly"}, {"start": "00:03:17", "end": "00:03:21", "text": "excluded approximately $4 billion in"}, {"start": "00:03:19", "end": "00:03:24", "text": "deposits tied to Signature's digital"}, {"start": "00:03:21", "end": "00:03:26", "text": "asset business. The FDIC actively carved"}, {"start": "00:03:24", "end": "00:03:29", "text": "the crypto deposits out of the rescue"}, {"start": "00:03:26", "end": "00:03:30", "text": "package and Signnet Signature's"}, {"start": "00:03:29", "end": "00:03:33", "text": "real-time settlement platform used by"}, {"start": "00:03:30", "end": "00:03:35", "text": "virtually every major crypto firm simply"}, {"start": "00:03:33", "end": "00:03:37", "text": "vanished overnight. Former"}, {"start": "00:03:35", "end": "00:03:39", "text": "representative Barney Frank who sat on"}, {"start": "00:03:37", "end": "00:03:41", "text": "Signature Sport said publicly that the"}, {"start": "00:03:39", "end": "00:03:44", "text": "seizure was designed to send a message"}, {"start": "00:03:41", "end": "00:03:46", "text": "to crypto. And of course, we should"}, {"start": "00:03:44", "end": "00:03:48", "text": "absolutely trust that the timing of two"}, {"start": "00:03:46", "end": "00:03:50", "text": "crypto-friendly banks stay dying in the"}, {"start": "00:03:48", "end": "00:03:54", "text": "same week with no surviving alternatives"}, {"start": "00:03:50", "end": "00:03:57", "text": "was completely coincidential, right?"}, {"start": "00:03:54", "end": "00:03:59", "text": "Yeah, of course. Now, you might assume"}, {"start": "00:03:57", "end": "00:04:01", "text": "that with the executive order signed,"}, {"start": "00:03:59", "end": "00:04:02", "text": "every crypto bank with a pending master"}, {"start": "00:04:01", "end": "00:04:05", "text": "account is about to walk through that"}, {"start": "00:04:02", "end": "00:04:06", "text": "door. However, that assumption ignores"}, {"start": "00:04:05", "end": "00:04:08", "text": "both the actual mechanics of what was"}, {"start": "00:04:06", "end": "00:04:11", "text": "signed and what the Fed is doing in"}, {"start": "00:04:08", "end": "00:04:13", "text": "parallel. Custodia Bank, founded by"}, {"start": "00:04:11", "end": "00:04:16", "text": "Caitlyn Long, applied for a Fed Master"}, {"start": "00:04:13", "end": "00:04:19", "text": "account in October 2020. They waited"}, {"start": "00:04:16", "end": "00:04:21", "text": "over two years. They were denied in"}, {"start": "00:04:19", "end": "00:04:24", "text": "January 2023. They sued the Federal"}, {"start": "00:04:21", "end": "00:04:27", "text": "Reserve and on March 13th, 2026, the"}, {"start": "00:04:24", "end": "00:04:29", "text": "10th Circuit denied their onbank"}, {"start": "00:04:27", "end": "00:04:31", "text": "reharing petition in a 7 to3 vote,"}, {"start": "00:04:29", "end": "00:04:33", "text": "confirming that the Fed has near"}, {"start": "00:04:31", "end": "00:04:35", "text": "unlimited discretion to reject master"}, {"start": "00:04:33", "end": "00:04:38", "text": "account applications. Custodia lost"}, {"start": "00:04:35", "end": "00:04:39", "text": "their final legal fight 9 days after"}, {"start": "00:04:38", "end": "00:04:41", "text": "Kraken got the first limited master"}, {"start": "00:04:39", "end": "00:04:45", "text": "account in history from the same"}, {"start": "00:04:41", "end": "00:04:47", "text": "regional fed bank that denied custodia."}, {"start": "00:04:45", "end": "00:04:50", "text": "Genuinely brutal. What Trump's May 19th"}, {"start": "00:04:47", "end": "00:04:54", "text": "executive order actually does is give"}, {"start": "00:04:50", "end": "00:04:57", "text": "regulators, including the OC, FDIC, SEC,"}, {"start": "00:04:54", "end": "00:04:58", "text": "and CFTC, 90 days to identify and remove"}, {"start": "00:04:57", "end": "00:05:01", "text": "barriers blocking crypto firms, while"}, {"start": "00:04:58", "end": "00:05:03", "text": "giving the Federal Reserve a longer"}, {"start": "00:05:01", "end": "00:05:05", "text": "120day window to clarify whether"}, {"start": "00:05:03", "end": "00:05:08", "text": "regional banks have legal authority to"}, {"start": "00:05:05", "end": "00:05:10", "text": "deny master accounts. It mandates the"}, {"start": "00:05:08", "end": "00:05:13", "text": "elimination of reputational risk as a"}, {"start": "00:05:10", "end": "00:05:15", "text": "supervisory tool and it forces the Fed"}, {"start": "00:05:13", "end": "00:05:17", "text": "to clarify whether regional banks even"}, {"start": "00:05:15", "end": "00:05:20", "text": "have legal authority to deny master"}, {"start": "00:05:17", "end": "00:05:22", "text": "accounts unilaterally. But here's the"}, {"start": "00:05:20", "end": "00:05:24", "text": "part nobody's telling you. The very next"}, {"start": "00:05:22", "end": "00:05:26", "text": "day, May 20th, the Fed released its"}, {"start": "00:05:24", "end": "00:05:29", "text": "skinny payment account proposal and"}, {"start": "00:05:26", "end": "00:05:31", "text": "simultaneously told all regional reserve"}, {"start": "00:05:29", "end": "00:05:34", "text": "banks to pause every tier 3 master"}, {"start": "00:05:31", "end": "00:05:37", "text": "account decision until December 31st,"}, {"start": "00:05:34", "end": "00:05:40", "text": "2026. So the executive order says open"}, {"start": "00:05:37", "end": "00:05:42", "text": "the door and the Fed says hold on for"}, {"start": "00:05:40", "end": "00:05:44", "text": "the next 7 months. So what does Kraken's"}, {"start": "00:05:42", "end": "00:05:46", "text": "first of its kind master account"}, {"start": "00:05:44", "end": "00:05:48", "text": "actually give them? Put simply, it's a"}, {"start": "00:05:46", "end": "00:05:51", "text": "seat at the table without permission to"}, {"start": "00:05:48", "end": "00:05:52", "text": "eat the same food. Kraken gets fed wire"}, {"start": "00:05:51", "end": "00:05:54", "text": "access, which means they can move"}, {"start": "00:05:52", "end": "00:05:56", "text": "dollars through the system without"}, {"start": "00:05:54", "end": "00:05:58", "text": "routing through a correspondent bank."}, {"start": "00:05:56", "end": "00:06:00", "text": "That's real. That's structural. But the"}, {"start": "00:05:58", "end": "00:06:02", "text": "skinny account explicitly excludes three"}, {"start": "00:06:00", "end": "00:06:05", "text": "things that make a full master account"}, {"start": "00:06:02", "end": "00:06:07", "text": "valuable. No discount window access,"}, {"start": "00:06:05", "end": "00:06:10", "text": "meaning no Fed lander of last resort in"}, {"start": "00:06:07", "end": "00:06:12", "text": "a liquidity crisis. No intraday credit,"}, {"start": "00:06:10", "end": "00:06:14", "text": "meaning Kraken has to preposition every"}, {"start": "00:06:12", "end": "00:06:16", "text": "single dollar before settlement clears."}, {"start": "00:06:14", "end": "00:06:18", "text": "And no interest on reserves, meaning"}, {"start": "00:06:16", "end": "00:06:20", "text": "every dollar parked at the Fed earns"}, {"start": "00:06:18", "end": "00:06:22", "text": "zero, while traditional banks collect"}, {"start": "00:06:20", "end": "00:06:25", "text": "several hundred basis points on theirs."}, {"start": "00:06:22", "end": "00:06:28", "text": "Kraken even specifically requested Fed a"}, {"start": "00:06:25", "end": "00:06:30", "text": "access and was denied. The architecture"}, {"start": "00:06:28", "end": "00:06:32", "text": "being built here is brutally consistent."}, {"start": "00:06:30", "end": "00:06:34", "text": "Crypto firms get the responsibility of"}, {"start": "00:06:32", "end": "00:06:36", "text": "being payment infrastructure without any"}, {"start": "00:06:34", "end": "00:06:38", "text": "of the protection that comes with it. In"}, {"start": "00:06:36", "end": "00:06:41", "text": "a stable coin run, a firm with a skinny"}, {"start": "00:06:38", "end": "00:06:43", "text": "account has plumbing but no backs stop."}, {"start": "00:06:41", "end": "00:06:46", "text": "This forces crypto firms into a"}, {"start": "00:06:43", "end": "00:06:48", "text": "loadbearing role with zero safety net."}, {"start": "00:06:46", "end": "00:06:50", "text": "And it's exactly what the banking lobby"}, {"start": "00:06:48", "end": "00:06:53", "text": "is fighting to make permanent as the"}, {"start": "00:06:50", "end": "00:06:54", "text": "ceiling, not the floor. Okay, if you're"}, {"start": "00:06:53", "end": "00:06:56", "text": "looking to trade these latest market"}, {"start": "00:06:54", "end": "00:06:59", "text": "moves, be it with crypto or tradefi"}, {"start": "00:06:56", "end": "00:07:01", "text": "assets, then BitGet is the place to do"}, {"start": "00:06:59", "end": "00:07:04", "text": "it. and they've recently released their"}, {"start": "00:07:01", "end": "00:07:06", "text": "new BitGet Tradfy platform that lets you"}, {"start": "00:07:04", "end": "00:07:10", "text": "trade gold and other commodities"}, {"start": "00:07:06", "end": "00:07:13", "text": "directly with USDT. Users get access to"}, {"start": "00:07:10", "end": "00:07:15", "text": "deep liquidity and low slippage. And if"}, {"start": "00:07:13", "end": "00:07:19", "text": "you're feeling brave, you can also use"}, {"start": "00:07:15", "end": "00:07:21", "text": "up to 500x leverage, too."}, {"start": "00:07:19", "end": "00:07:24", "text": "So, scan the QR code right here to sign"}, {"start": "00:07:21", "end": "00:07:29", "text": "up and put yourself in the running to"}, {"start": "00:07:24", "end": "00:07:31", "text": "net a $50,000 deposit bonus. Nice."}, {"start": "00:07:29", "end": "00:07:33", "text": "And here's the part most coverage"}, {"start": "00:07:31", "end": "00:07:35", "text": "refuses to say out loud. The banking"}, {"start": "00:07:33", "end": "00:07:38", "text": "lobby that helped engineer choke point"}, {"start": "00:07:35", "end": "00:07:40", "text": "2.0 actually wants the executive order"}, {"start": "00:07:38", "end": "00:07:43", "text": "to pass, provided they can freeze crypto"}, {"start": "00:07:40", "end": "00:07:45", "text": "access at the skinny tier forever. The"}, {"start": "00:07:43", "end": "00:07:47", "text": "American Bankers Association, the Bank"}, {"start": "00:07:45", "end": "00:07:49", "text": "Policy Institute, and the Independent"}, {"start": "00:07:47", "end": "00:07:52", "text": "Community Bankers of America have all"}, {"start": "00:07:49", "end": "00:07:55", "text": "filed formal opposition. The ICBA called"}, {"start": "00:07:52", "end": "00:07:58", "text": "Kraken's National Trust Charter bid a"}, {"start": "00:07:55", "end": "00:08:00", "text": "grave mistake. They sent over 8,000"}, {"start": "00:07:58", "end": "00:08:02", "text": "letters to the Senate in the leadup to"}, {"start": "00:08:00", "end": "00:08:05", "text": "the Clarity Act markup alone. Elizabeth"}, {"start": "00:08:02", "end": "00:08:07", "text": "Warren has filed over 40 amendments"}, {"start": "00:08:05", "end": "00:08:09", "text": "specifically designed to block the Fed"}, {"start": "00:08:07", "end": "00:08:11", "text": "from granting master accounts to Ripple,"}, {"start": "00:08:09", "end": "00:08:15", "text": "Anchorage Digital, Circle, and Custodia"}, {"start": "00:08:11", "end": "00:08:17", "text": "by name. She is demanding the OC produce"}, {"start": "00:08:15", "end": "00:08:20", "text": "records on nine specific trust chart"}, {"start": "00:08:17", "end": "00:08:22", "text": "approvals by June 1st. And the Fed"}, {"start": "00:08:20", "end": "00:08:24", "text": "Governor, Michael Bar, has stated"}, {"start": "00:08:22", "end": "00:08:26", "text": "publicly that he will not back the"}, {"start": "00:08:24", "end": "00:08:28", "text": "skinny account framework as proposed."}, {"start": "00:08:26", "end": "00:08:31", "text": "The honest truth is that this debate is"}, {"start": "00:08:28", "end": "00:08:33", "text": "entirely about deposit-based survival."}, {"start": "00:08:31", "end": "00:08:36", "text": "McKenzie estimates that for every $1,000"}, {"start": "00:08:33", "end": "00:08:38", "text": "converted into stable coins, $850"}, {"start": "00:08:36", "end": "00:08:40", "text": "effectively leaves the banking system."}, {"start": "00:08:38", "end": "00:08:44", "text": "City projects up to $1 trillion in"}, {"start": "00:08:40", "end": "00:08:46", "text": "deposit extraction by 2030. The ABA's"}, {"start": "00:08:44", "end": "00:08:49", "text": "own estimate is a $2 trillion stable"}, {"start": "00:08:46", "end": "00:08:51", "text": "coin market that reduces consumer, small"}, {"start": "00:08:49", "end": "00:08:55", "text": "business, and agricultural lending by a"}, {"start": "00:08:51", "end": "00:08:57", "text": "fifth or more. So if circle or paxus get"}, {"start": "00:08:55", "end": "00:08:59", "text": "direct fed access and stable coins pay y"}, {"start": "00:08:57", "end": "00:09:01", "text": "he yielded commercial banks lose the"}, {"start": "00:08:59", "end": "00:09:03", "text": "cheap deposit that's fund their entire"}, {"start": "00:09:01", "end": "00:09:05", "text": "lending franchise. Frankly the banking"}, {"start": "00:09:03", "end": "00:09:07", "text": "lobby is terrified of being"}, {"start": "00:09:05", "end": "00:09:09", "text": "disintermediated out of their own"}, {"start": "00:09:07", "end": "00:09:12", "text": "balance sheet. And for you the practical"}, {"start": "00:09:09", "end": "00:09:16", "text": "implications are specific. First watch"}, {"start": "00:09:12", "end": "00:09:18", "text": "the December 31st, 2026 deadline. That's"}, {"start": "00:09:16", "end": "00:09:20", "text": "when the Fed's tier three pause expires"}, {"start": "00:09:18", "end": "00:09:23", "text": "and the skinny account framework either"}, {"start": "00:09:20", "end": "00:09:25", "text": "finalizes or gets shelfd. Second, watch"}, {"start": "00:09:23", "end": "00:09:28", "text": "the Clarity Act vote. The bill cleared"}, {"start": "00:09:25", "end": "00:09:30", "text": "committee 15 to9 on May 14th, but needs"}, {"start": "00:09:28", "end": "00:09:32", "text": "60 votes on the Senate floor before the"}, {"start": "00:09:30", "end": "00:09:36", "text": "August 10th recess. Poly Market has it"}, {"start": "00:09:32", "end": "00:09:40", "text": "at 64%. Galaxy Research calls it a 50/50"}, {"start": "00:09:36", "end": "00:09:43", "text": "and TD Cohen pegs it at 1 in3. Third,"}, {"start": "00:09:40", "end": "00:09:45", "text": "watch Circle. Specifically, Circle stock"}, {"start": "00:09:43", "end": "00:09:48", "text": "is your cleanest read on whether direct"}, {"start": "00:09:45", "end": "00:09:52", "text": "Fed access is being priced in. And USDC"}, {"start": "00:09:48", "end": "00:09:56", "text": "processed $21.5 trillion in onchain"}, {"start": "00:09:52", "end": "00:09:59", "text": "volume in Q126 alone. A 263%"}, {"start": "00:09:56", "end": "00:10:02", "text": "year-over-year increase, which is wild."}, {"start": "00:09:59", "end": "00:10:04", "text": "Fourth, watch the November 2026 midterms"}, {"start": "00:10:02", "end": "00:10:06", "text": "because a single chamber flip reverses"}, {"start": "00:10:04", "end": "00:10:09", "text": "the executive order and refreezes the"}, {"start": "00:10:06", "end": "00:10:11", "text": "entire framework. And fifth, if you hold"}, {"start": "00:10:09", "end": "00:10:13", "text": "any of this exposure through ETFs or"}, {"start": "00:10:11", "end": "00:10:15", "text": "rappers, understand that whether the"}, {"start": "00:10:13", "end": "00:10:18", "text": "underlying issuers get master accounts"}, {"start": "00:10:15", "end": "00:10:20", "text": "or get denied is the actual binary your"}, {"start": "00:10:18", "end": "00:10:23", "text": "position is leveraged to. So here's the"}, {"start": "00:10:20", "end": "00:10:25", "text": "question for you. Is the May 19th"}, {"start": "00:10:23", "end": "00:10:27", "text": "executive order the structural turning"}, {"start": "00:10:25", "end": "00:10:28", "text": "point that converts crypto firms into"}, {"start": "00:10:27", "end": "00:10:31", "text": "permanent financial infrastructure"}, {"start": "00:10:28", "end": "00:10:34", "text": "measured in trillions? or is the skinny"}, {"start": "00:10:31", "end": "00:10:35", "text": "account the ceiling, the trap, the"}, {"start": "00:10:34", "end": "00:10:37", "text": "regulatory compromise that lets the"}, {"start": "00:10:35", "end": "00:10:39", "text": "banking lobby claim victory while crypto"}, {"start": "00:10:37", "end": "00:10:41", "text": "gets handed plumbing without protection"}, {"start": "00:10:39", "end": "00:10:44", "text": "and stays locked outside the real"}, {"start": "00:10:41", "end": "00:10:45", "text": "banking system forever. Please tell me"}, {"start": "00:10:44", "end": "00:10:48", "text": "which of those options you're betting on"}, {"start": "00:10:45", "end": "00:10:50", "text": "because the next 90 days actually decide"}, {"start": "00:10:48", "end": "00:10:52", "text": "which of those two timelines we're going"}, {"start": "00:10:50", "end": "00:10:54", "text": "to live in. And if you want to"}, {"start": "00:10:52", "end": "00:10:56", "text": "understand exactly how stable coin"}, {"start": "00:10:54", "end": "00:10:58", "text": "issuers like Circle could rewire the"}, {"start": "00:10:56", "end": "00:11:00", "text": "entire correspondent banking layer the"}, {"start": "00:10:58", "end": "00:11:03", "text": "moment direct Fed access becomes real,"}, {"start": "00:11:00", "end": "00:11:05", "text": "then check out our deep dive right over"}, {"start": "00:11:03", "end": "00:11:07", "text": "here. Thank you all so much for watching"}, {"start": "00:11:05", "end": "00:11:12", "text": "and I'll see you again very soon. This"}, {"start": "00:11:07", "end": "00:11:12", "text": "is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "On May 5th, the company that has come to define�\nthis entire crypto cycle reported the single��"}, {"start": "00:00:05", "end": "00:00:12", "text": "largest quarterly loss in its history. Strategy�\n12.54 billion gone in a single quarter. But��"}, {"start": "00:00:12", "end": "00:00:16", "text": "that's just the headline. Sharpink, the second�\nlargest ETH treasury company on the planet,��"}, {"start": "00:00:16", "end": "00:00:24", "text": "dropped another $685 million. Trump Media bled�\nout $45 million more. So, we are talking about��"}, {"start": "00:00:24", "end": "00:00:29", "text": "over $13 billion in combined losses from the exact�\ncompanies that were supposed to be the structural��"}, {"start": "00:00:29", "end": "00:00:34", "text": "flaw of this bull market. And here's what makes�\nthis truly extraordinary. Nobody in the system��"}, {"start": "00:00:34", "end": "00:00:41", "text": "did anything wrong. The playbook worked exactly�\nas designed. It's just running in reverse. So,��"}, {"start": "00:00:41", "end": "00:00:46", "text": "today we'll break down what Q1 actually revealed,�\ndismantle the dilution mechanic that turns these��"}, {"start": "00:00:46", "end": "00:00:51", "text": "companies into false sellers, and give you�\nthe complete overview. Who survives? Who gets��"}, {"start": "00:00:51", "end": "00:01:02", "text": "wiped out? if Bitcoin takes another leg down.�\nI'm DC and you're watching the Coin Bureau."}, {"start": "00:01:02", "end": "00:01:06", "text": "Now, before we get into the carnage, you need�\nto understand what these companies actually��"}, {"start": "00:01:06", "end": "00:01:12", "text": "represent to the market. Public companies�\ncollectively hold roughly 1.2 million BTC.��"}, {"start": "00:01:12", "end": "00:01:18", "text": "That's about 5.5% of the entire circulating�\nsupply locked into corporate balance sheets.��"}, {"start": "00:01:18", "end": "00:01:25", "text": "Strategy alone holds close to 844,000 BTC, which�\nis about 4% of every Bitcoin that will ever exist.��"}, {"start": "00:01:25", "end": "00:01:32", "text": "On the Ethereum side, Bitmerion holds 5.28 million�\nETH, which is 4.37% of the total Ethereum supply,��"}, {"start": "00:01:32", "end": "00:01:42", "text": "and Sharp Link holds another 873,000 ETH.�\nIn Q1 2026 alone, Strategy added 89,599 BTC,��"}, {"start": "00:01:42", "end": "00:01:49", "text": "spending roughly $7.3 billion in a single quarter.�\nIn January, Strategy accounted for 97.5% of all��"}, {"start": "00:01:49", "end": "00:01:55", "text": "new Bitcoin purchased by public companies. To put�\nit simply, the Treasury Company bid was not some��"}, {"start": "00:01:55", "end": "00:02:01", "text": "wild institutional demand wave. It was one company�\nwith one very large bet providing the marginal��"}, {"start": "00:02:01", "end": "00:02:06", "text": "buyer that everyone else was front running. And�\nthat bid is now under heavy stress for the first��"}, {"start": "00:02:06", "end": "00:02:11", "text": "time since this model was invented. Which brings�\nus directly to the numbers that Sailor is probably��"}, {"start": "00:02:11", "end": "00:02:18", "text": "not too thrilled about. Strategy's 12.54 billion�\nQ1 loss is almost entirely non-cash, driven by the��"}, {"start": "00:02:18", "end": "00:02:23", "text": "new fair value accounting rule that forces them�\nto mark Bitcoin to market every quarter. BTC fell��"}, {"start": "00:02:23", "end": "00:02:30", "text": "roughly 22% from year end 2025 to the March 31st�\nreporting date and that drop landed straight on��"}, {"start": "00:02:30", "end": "00:02:36", "text": "the income statement. The cash position sits�\nat $2.2 billion. Long-term convertible depth��"}, {"start": "00:02:36", "end": "00:02:42", "text": "sits at 8.17 billion. And the MNAV ratio, the�\npremium the market assigns to MSTR over the��"}, {"start": "00:02:42", "end": "00:02:49", "text": "Bitcoin it actually holds, has compressed from a�\npeak of 3.89 times in late 2024 to approximately��"}, {"start": "00:02:49", "end": "00:02:56", "text": "1.0 times today. For context, when MNAF was�\n3.89, investors were paying nearly $4 for every��"}, {"start": "00:02:56", "end": "00:03:02", "text": "$1 of Bitcoin on the balance sheet. So today,�\nMSTR's market cap is in line with or slightly��"}, {"start": "00:03:02", "end": "00:03:07", "text": "below the fair value of its Bitcoin holdings.�\nSo in other words, the premium that powered��"}, {"start": "00:03:07", "end": "00:03:13", "text": "this entire flywheel has largely evaporated and�\nthat premium is the engine. When it compresses,��"}, {"start": "00:03:13", "end": "00:03:18", "text": "the ATM equity is insurance machine that�\nfunds new BTC purchases starts running on��"}, {"start": "00:03:18", "end": "00:03:26", "text": "fumes. So on May 15th, Strategy announced plans�\nto repurchase $1.5 billion of its 2029 convertible��"}, {"start": "00:03:26", "end": "00:03:33", "text": "notes with funding sources cited as cash, ATM�\nproceeds, and the potential sale of Bitcoin.��"}, {"start": "00:03:33", "end": "00:03:38", "text": "Yep, this could actually be happening. Let the�\nreality of that sink in the company built on a��"}, {"start": "00:03:38", "end": "00:03:44", "text": "never sell policy just officially open the door to�\nselling. Of course, the stock dropped 5% on this��"}, {"start": "00:03:44", "end": "00:03:49", "text": "announcement and Jane Street, one of the most�\nsophisticated trading desks on this planet, cut��"}, {"start": "00:03:49", "end": "00:03:56", "text": "its MSTR position by 78% in Q1. The smart money�\nis already repositioning. Now, look, strategy��"}, {"start": "00:03:56", "end": "00:04:01", "text": "is the discipline version of this playbook. The�\ncopycats, however, this is where things get really��"}, {"start": "00:04:01", "end": "00:04:08", "text": "ugly. Sharp Link ended Q1 with $16.9 million in�\ncash against an ETH position worth roughly $1.85��"}, {"start": "00:04:08", "end": "00:04:15", "text": "billion. That's a cash cushion of less than 1% of�\ntheir treasury. And their annual fixed charges run��"}, {"start": "00:04:15", "end": "00:04:21", "text": "$22.3 million. So the math here is absolutely�\nbrutal. They are entirely dependent on staking��"}, {"start": "00:04:21", "end": "00:04:27", "text": "revenue covering operating costs and ETH is�\ndown 29% year to date. Then there's Trump Media.��"}, {"start": "00:04:27", "end": "00:04:38", "text": "DJT generated $871,200 in quarterly revenue,�\nnot million, thousands. $871,000 in revenue,��"}, {"start": "00:04:38", "end": "00:04:46", "text": "supporting a $2.3 billion market cap and a $9,542�\nBTC treasury. And according to SEC filings, a��"}, {"start": "00:04:46", "end": "00:04:50", "text": "significant portion of their Bitcoin holdings are�\npledged as collateral against convertible debt,��"}, {"start": "00:04:50", "end": "00:04:56", "text": "exposing the position to margin call risk if�\nBitcoin keeps dropping, which is not good.��"}, {"start": "00:04:56", "end": "00:05:02", "text": "The CEO resigned mid-crisis and insider selling is�\ndocumented in SEC filings from March and May. Now,��"}, {"start": "00:05:02", "end": "00:05:07", "text": "on the flip side, the company's in advanced�\nmerger talks with a nuclear fusion firm called TAE��"}, {"start": "00:05:07", "end": "00:05:13", "text": "Technologies, which means shareholders who bought�\nDJT as a Bitcoin proxy may end up owning an energy��"}, {"start": "00:05:13", "end": "00:05:21", "text": "company instead. Nakamoto Holdings posted a $238�\nmillion Q1 loss, has 87% of its BTC pledged as��"}, {"start": "00:05:21", "end": "00:05:28", "text": "collateral, and the CEO's compensation reportedly�\njumped sevenfold while the company sold 284 BTC��"}, {"start": "00:05:28", "end": "00:05:33", "text": "just to fund working capital. And of course, we�\nshould absolutely trust that a company selling its��"}, {"start": "00:05:33", "end": "00:05:39", "text": "core asset to pay operating expenses while paying�\nits CEO 7 times more is following the disciplined��"}, {"start": "00:05:39", "end": "00:05:46", "text": "sailor playbook, right? To make matters worse,�\npublic miners sold 32,000 BTC in Q1 alone,��"}, {"start": "00:05:46", "end": "00:05:52", "text": "more than all of 2025 combined. Put simply, the�\nstructural supply picture is deteriorating at��"}, {"start": "00:05:52", "end": "00:05:57", "text": "exactly the moment the structural demand picture�\nis cracking. Which brings us to the mechanism that��"}, {"start": "00:05:57", "end": "00:06:03", "text": "actually kills these companies, the dilution�\ndeath spiral. And it works like this. Well,��"}, {"start": "00:06:03", "end": "00:06:07", "text": "the stock trades at a premium to NAV. The�\ncompany issues equity at that premium,��"}, {"start": "00:06:07", "end": "00:06:13", "text": "buys Bitcoin at spot, and the premium expands�\nas BTC appreciates. That's the exact flywheel��"}, {"start": "00:06:13", "end": "00:06:20", "text": "everyone fell in love with from 2020 to 2024.�\nBut when BTC falls, NAV drops and the premium��"}, {"start": "00:06:20", "end": "00:06:25", "text": "compresses towards one. And once that happens,�\nissuing equity is no longer accretive. There's��"}, {"start": "00:06:25", "end": "00:06:31", "text": "no premium left to capture. And if it drops below�\none, it becomes actively dilutive. The company��"}, {"start": "00:06:31", "end": "00:06:36", "text": "is now selling shares worth less than the Bitcoin�\nthose shares represent. So they pivot to preferred��"}, {"start": "00:06:36", "end": "00:06:42", "text": "stock, which carries fixed dividend obligations�\nthat do not care what Bitcoin does. Strategies��"}, {"start": "00:06:42", "end": "00:06:48", "text": "stretch preferred carries an 11.5% dividend. Total�\npreferred dividend obligations are projected to��"}, {"start": "00:06:48", "end": "00:06:58", "text": "rise from 270 million in 25 to roughly $94 million�\nin 2026. That's a four-fold increase in fixed cash��"}, {"start": "00:06:58", "end": "00:07:03", "text": "obligations in 12 months. If the ATM stalls, they�\nhave to fund those dividends from cash reserves.��"}, {"start": "00:07:03", "end": "00:07:09", "text": "Meaning the 2.2 billion cash position covers�\nroughly 18 months of obligations. After that,��"}, {"start": "00:07:09", "end": "00:07:15", "text": "they have to sell Bitcoin. And then in the worst�\ncase, the reverse flywheel starts. Bitcoin selling��"}, {"start": "00:07:15", "end": "00:07:19", "text": "pushes prices lower. NAV drops further,�\nthe premium compresses more, and the loop��"}, {"start": "00:07:19", "end": "00:07:24", "text": "accelerates downward. Of course, you might assume�\nthis is hypothetical, which today it still is.��"}, {"start": "00:07:24", "end": "00:07:31", "text": "But we saw something very similar happen 5 years�\nago. In 2021, the Gayscale, Bitcoin Trust traded��"}, {"start": "00:07:31", "end": "00:07:37", "text": "at a premium to NAV of up to 46%. Three Arrows�\nCapital, Genesis, BlockFi, and Celsius all used��"}, {"start": "00:07:37", "end": "00:07:43", "text": "GBDC shares as collateral for loans, recycling�\nthat collateral into more BTC purchases. And��"}, {"start": "00:07:43", "end": "00:07:50", "text": "when the premium turned into a discount in early�\n2022, the flywheel reversed. The GBTC discount��"}, {"start": "00:07:50", "end": "00:07:56", "text": "eventually reached approximately 41% below NAV.�\nBy November 2022, three Arrow Capitals collateral��"}, {"start": "00:07:56", "end": "00:08:02", "text": "became worthless relative to the loans backing it.�\nForced liquidations cascaded through Genesis and��"}, {"start": "00:08:02", "end": "00:08:07", "text": "the entire centralized lending sector. By the time�\nit was done, roughly $2 trillion in crypto market��"}, {"start": "00:08:07", "end": "00:08:14", "text": "cap had vaporized. The institutional plumbing of�\nthe 2021 cycle was structurally broken. Today,��"}, {"start": "00:08:14", "end": "00:08:21", "text": "GBDC trades at a 2.81% discount to NAF. So the�\npremium era is completely over and the structural��"}, {"start": "00:08:21", "end": "00:08:28", "text": "parallel to MSTR is essentially identical. Swap�\nGBTC for MSTR shares, swap three Aero Capitals for��"}, {"start": "00:08:28", "end": "00:08:34", "text": "any institution using MSTR as portfolio collateral�\nand you have the same reflexive trap just at a��"}, {"start": "00:08:34", "end": "00:08:42", "text": "much much larger scale. GBTC peaked at roughly 40�\nto 45 billion in assets at the height of the 2021��"}, {"start": "00:08:42", "end": "00:08:48", "text": "bull market. Strategies Bitcoin holdings alone�\nsit near $64 billion. The honest truth is that the��"}, {"start": "00:08:48", "end": "00:08:53", "text": "treasury company trade was always just a leveraged�\nbet on Bitcoin going up forever. It was simply��"}, {"start": "00:08:53", "end": "00:08:58", "text": "dressed up in financial engineering language and�\nsold to retail as institutional adoption. The��"}, {"start": "00:08:58", "end": "00:09:04", "text": "smart money knew exactly what it was. That's why�\nJim Kanos closed his MSTR short and PTC long pair��"}, {"start": "00:09:04", "end": "00:09:12", "text": "trade in November 2025 after the MNAV compressed�\nfrom 2.5 times to 1.23 times. He called the use of��"}, {"start": "00:09:12", "end": "00:09:18", "text": "depth and preferred stock to buy Bitcoin financial�\ngibberish. and he was right on the trade. You see,��"}, {"start": "00:09:18", "end": "00:09:23", "text": "most coverage misses a crucial detail. These�\ncompanies were only ever marginal buyers of��"}, {"start": "00:09:23", "end": "00:09:28", "text": "convenience, viable only while the premium�\nheld. Now the premium has collapsed. The never��"}, {"start": "00:09:28", "end": "00:09:33", "text": "sell promise is broken and the next leg down�\ndoesn't just hurt MSTR shareholders. It removes��"}, {"start": "00:09:33", "end": "00:09:39", "text": "the single largest source of structural demand�\ncrypto has had all cycle. So for you, for me,��"}, {"start": "00:09:39", "end": "00:09:45", "text": "for us, for everyone holding crypto, the practical�\nimplications are very specific. First, we have to��"}, {"start": "00:09:45", "end": "00:09:51", "text": "watch the MNAV ratio on strategy weekly. The 1.22�\nthreshold is the inflection point Sailor's own��"}, {"start": "00:09:51", "end": "00:09:56", "text": "team has identified as critical. Below one, the�\nATM is dead and the force selling becomes the base��"}, {"start": "00:09:56", "end": "00:10:03", "text": "case. Second, watch the collateralized positions�\nacross DJT and Nakamoto's 87% pledge ratio. Those��"}, {"start": "00:10:03", "end": "00:10:12", "text": "are essentially margin call timers, and a drop�\ntoward the 52- week low at $62,791 lights them up.��"}, {"start": "00:10:12", "end": "00:10:18", "text": "Third, watch the preferred dividend calendar. The�\n94 million 20226 obligations is the structural��"}, {"start": "00:10:18", "end": "00:10:24", "text": "cliff and any missed payments shifts boarding�\nrights to preferred shareholders. Fourth,��"}, {"start": "00:10:24", "end": "00:10:29", "text": "track ETF flows daily on farside investors as the�\ncleanest read on whether spot demand can replace��"}, {"start": "00:10:29", "end": "00:10:35", "text": "any disappearing treasury bid. Spot ETFs hold�\nroughly 1.3 million BTC and continue absorbing��"}, {"start": "00:10:35", "end": "00:10:42", "text": "flows, but those flows are reversible and volatile�\nin ways that corporate accumulation was not. Now,��"}, {"start": "00:10:42", "end": "00:10:48", "text": "fifth, for your own portfolio, treat self-custody�\nas the structural protection. Rapper risk is��"}, {"start": "00:10:48", "end": "00:10:53", "text": "real. Custodian concentration sits near 80% with�\nCoinbase across these products. And the cleanest��"}, {"start": "00:10:53", "end": "00:10:58", "text": "exposure to Bitcoin will always be Bitcoin you�\nactually hold. So, here's the question all of��"}, {"start": "00:10:58", "end": "00:11:03", "text": "us need to answer honestly. Does the Treasury�\nCompany Unwind turn out to be a healthy flush��"}, {"start": "00:11:03", "end": "00:11:09", "text": "that removes the most fragile leverage players�\nfrom the market and resets the cycle on cleaner��"}, {"start": "00:11:09", "end": "00:11:15", "text": "structural footing? Or does the forced selling�\ncascade from the zombie tea of these companies��"}, {"start": "00:11:15", "end": "00:11:20", "text": "trigger the kind of reflexive liquidation that�\ntook crypto from $2 trillion to $800 billion��"}, {"start": "00:11:20", "end": "00:11:26", "text": "in 20122 with deeper institutional contagion this�\ntime around. Please get highly opinionated in the��"}, {"start": "00:11:26", "end": "00:11:32", "text": "comments because this is the binary that defines�\nthe next year. And if you want to understand��"}, {"start": "00:11:32", "end": "00:11:37", "text": "exactly how we got here, Fazb's new fair value�\naccounting rule created this marktomarket trap��"}, {"start": "00:11:37", "end": "00:11:43", "text": "and it's now down to the SEC to decide whether�\nthe damage accelerates or gets contained. Then��"}, {"start": "00:11:43", "end": "00:11:48", "text": "you should definitely check out our full breakdown�\nof the regulatory architecture right over here.��"}, {"start": "00:11:48", "end": "00:11:54", "text": "Thank you all so much for watching and I'll�\nsee you again very soon. This is DC signing"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Hyperlid is under attack. Not by"}, {"start": "00:00:02", "end": "00:00:06", "text": "hackers, not by a competing blockchain,"}, {"start": "00:00:05", "end": "00:00:09", "text": "but by the very thing that it's"}, {"start": "00:00:06", "end": "00:00:11", "text": "competing with, traditional finance. It"}, {"start": "00:00:09", "end": "00:00:14", "text": "turns out that when you build a fast,"}, {"start": "00:00:11", "end": "00:00:17", "text": "profitable 24/7 DeFi trading platform,"}, {"start": "00:00:14", "end": "00:00:19", "text": "two of Trafi's most powerful derivatives"}, {"start": "00:00:17", "end": "00:00:21", "text": "exchanges will panic and run straight to"}, {"start": "00:00:19", "end": "00:00:24", "text": "Washington to get you shut down. Who"}, {"start": "00:00:21", "end": "00:00:27", "text": "knew? The two powerhouses in question"}, {"start": "00:00:24", "end": "00:00:29", "text": "here are the CME, the Chicago Merkantile"}, {"start": "00:00:27", "end": "00:00:31", "text": "Exchange, and ICE, that is the"}, {"start": "00:00:29", "end": "00:00:33", "text": "Intercontinental Exchange, not the"}, {"start": "00:00:31", "end": "00:00:36", "text": "Immigration Stormtroopers. These two"}, {"start": "00:00:33", "end": "00:00:38", "text": "firms have recently targeted Hyperlid,"}, {"start": "00:00:36", "end": "00:00:40", "text": "and depending on how you look at it,"}, {"start": "00:00:38", "end": "00:00:43", "text": "this could be bearish for Hyperlid's"}, {"start": "00:00:40", "end": "00:00:45", "text": "future or insanely bullish. But why are"}, {"start": "00:00:43", "end": "00:00:47", "text": "the CME and ICE targeting Hyperlid in"}, {"start": "00:00:45", "end": "00:00:49", "text": "the first place?"}, {"start": "00:00:47", "end": "00:00:51", "text": "Well, to understand that, we first need"}, {"start": "00:00:49", "end": "00:00:54", "text": "a quick understanding of what Hyperlid"}, {"start": "00:00:51", "end": "00:00:56", "text": "actually is. In a nutshell, Hyperlid is"}, {"start": "00:00:54", "end": "00:00:58", "text": "a decentralized exchange that's built to"}, {"start": "00:00:56", "end": "00:01:01", "text": "feel like a centralized exchange. The"}, {"start": "00:00:58", "end": "00:01:03", "text": "platform runs on its own native layer 1"}, {"start": "00:01:01", "end": "00:01:06", "text": "blockchain and focuses on fast onchain"}, {"start": "00:01:03", "end": "00:01:08", "text": "perpetual futures trading. Now,"}, {"start": "00:01:06", "end": "00:01:10", "text": "perpetual futures or pers are one of the"}, {"start": "00:01:08", "end": "00:01:13", "text": "most dominant trading instruments in"}, {"start": "00:01:10", "end": "00:01:15", "text": "crypto. Unlike traditional futures, they"}, {"start": "00:01:13", "end": "00:01:18", "text": "don't expire. They support leverage, are"}, {"start": "00:01:15", "end": "00:01:20", "text": "highly liquid, and are how most active"}, {"start": "00:01:18", "end": "00:01:23", "text": "traders in the crypto space speculate on"}, {"start": "00:01:20", "end": "00:01:25", "text": "the market. And as it turns out, PERPS"}, {"start": "00:01:23", "end": "00:01:27", "text": "are insanely profitable to run. It's no"}, {"start": "00:01:25", "end": "00:01:29", "text": "wonder then, that Hyperlid has quickly"}, {"start": "00:01:27", "end": "00:01:31", "text": "become one of crypto's most important"}, {"start": "00:01:29", "end": "00:01:33", "text": "projects. Not only do cryptonnative"}, {"start": "00:01:31", "end": "00:01:35", "text": "traders use it to trade leveraged crypto"}, {"start": "00:01:33", "end": "00:01:38", "text": "positions at high speed at very little"}, {"start": "00:01:35", "end": "00:01:40", "text": "costs, but Hyperlid has also expanded"}, {"start": "00:01:38", "end": "00:01:43", "text": "beyond crypto tokens into synthetic"}, {"start": "00:01:40", "end": "00:01:45", "text": "exposure to assets like equities,"}, {"start": "00:01:43", "end": "00:01:48", "text": "commodities, and precious metals via"}, {"start": "00:01:45", "end": "00:01:51", "text": "perpetual futures. And because Hyperlid"}, {"start": "00:01:48", "end": "00:01:53", "text": "operates 24/7, it has become a go-to"}, {"start": "00:01:51", "end": "00:01:56", "text": "platform for traders and investors"}, {"start": "00:01:53", "end": "00:01:58", "text": "worldwide to watch prices at any time."}, {"start": "00:01:56", "end": "00:02:01", "text": "For example, commodity traders like oil"}, {"start": "00:01:58", "end": "00:02:03", "text": "traders can check it over the weekend to"}, {"start": "00:02:01", "end": "00:02:06", "text": "gauge where prices might be when"}, {"start": "00:02:03", "end": "00:02:07", "text": "traditional markets reopen on Monday."}, {"start": "00:02:06", "end": "00:02:10", "text": "This has helped Hyperlid generate"}, {"start": "00:02:07", "end": "00:02:13", "text": "impressive revenue, but more on that"}, {"start": "00:02:10", "end": "00:02:14", "text": "later. Anyway, Hyperliquid success is"}, {"start": "00:02:13", "end": "00:02:17", "text": "clearly making Wall Street nervous"}, {"start": "00:02:14", "end": "00:02:20", "text": "because CME Group and ICE have been"}, {"start": "00:02:17", "end": "00:02:22", "text": "making the rounds with US regulators,"}, {"start": "00:02:20", "end": "00:02:25", "text": "specifically the Commodity Futures"}, {"start": "00:02:22", "end": "00:02:27", "text": "Trading Commission or CFTC, and with"}, {"start": "00:02:25", "end": "00:02:30", "text": "members of Congress, urging them to take"}, {"start": "00:02:27", "end": "00:02:32", "text": "a hard look at Hyperlid. Their concerns,"}, {"start": "00:02:30", "end": "00:02:35", "text": "at least quote unquote officially, boil"}, {"start": "00:02:32", "end": "00:02:37", "text": "down to these three things. And we say"}, {"start": "00:02:35", "end": "00:02:40", "text": "officially because the unofficial story"}, {"start": "00:02:37", "end": "00:02:42", "text": "makes much more sense. But again, more"}, {"start": "00:02:40", "end": "00:02:44", "text": "on that later. In any case, the first"}, {"start": "00:02:42", "end": "00:02:46", "text": "quote official concern is market"}, {"start": "00:02:44", "end": "00:02:48", "text": "manipulation. CME Group and"}, {"start": "00:02:46", "end": "00:02:50", "text": "Intercontinental Exchange allege"}, {"start": "00:02:48", "end": "00:02:52", "text": "Hyperlid's anonymous order books and"}, {"start": "00:02:50", "end": "00:02:55", "text": "permissionless design make it easier for"}, {"start": "00:02:52", "end": "00:02:57", "text": "bad actors to manipulate prices,"}, {"start": "00:02:55", "end": "00:03:00", "text": "especially in oil linked per these"}, {"start": "00:02:57", "end": "00:03:02", "text": "prices could spill into real world"}, {"start": "00:03:00", "end": "00:03:04", "text": "benchmarks. According to them, bad"}, {"start": "00:03:02", "end": "00:03:07", "text": "actors could use hyperlquid to distort"}, {"start": "00:03:04", "end": "00:03:10", "text": "oil prices, which producers, airlines,"}, {"start": "00:03:07", "end": "00:03:12", "text": "refiners, and traders use to price"}, {"start": "00:03:10", "end": "00:03:15", "text": "everything from fuel costs to airfare."}, {"start": "00:03:12", "end": "00:03:17", "text": "The second quote official concern"}, {"start": "00:03:15", "end": "00:03:20", "text": "relates to sanctions. Basically, because"}, {"start": "00:03:17", "end": "00:03:23", "text": "Hyperliquid has no KYC or AML screening"}, {"start": "00:03:20", "end": "00:03:25", "text": "requirements, CME and ICE say that it"}, {"start": "00:03:23", "end": "00:03:27", "text": "could allow traders from sanctioned"}, {"start": "00:03:25", "end": "00:03:30", "text": "countries to gain leveraged exposure to"}, {"start": "00:03:27", "end": "00:03:32", "text": "oil and other commodities, undermining"}, {"start": "00:03:30", "end": "00:03:35", "text": "Western sanctioned programs along the"}, {"start": "00:03:32", "end": "00:03:38", "text": "way. The third quote official concern"}, {"start": "00:03:35", "end": "00:03:40", "text": "relates to benchmark integrity. ISIS's"}, {"start": "00:03:38", "end": "00:03:42", "text": "Brent crude contract is used as a"}, {"start": "00:03:40", "end": "00:03:44", "text": "reference for about twothirds of"}, {"start": "00:03:42", "end": "00:03:48", "text": "internationally traded seabor oil while"}, {"start": "00:03:44", "end": "00:03:50", "text": "CME's WTI anchors US crude pricing."}, {"start": "00:03:48", "end": "00:03:52", "text": "These benchmarks are embedded in fiscal"}, {"start": "00:03:50", "end": "00:03:54", "text": "supply deals, hedging strategies, and"}, {"start": "00:03:52", "end": "00:03:57", "text": "financial instruments across the global"}, {"start": "00:03:54", "end": "00:03:59", "text": "energy market. CME and ICE argue that"}, {"start": "00:03:57", "end": "00:04:02", "text": "Hyperlid's oil pers could distort these"}, {"start": "00:03:59", "end": "00:04:04", "text": "benchmarks with significant downstream"}, {"start": "00:04:02", "end": "00:04:06", "text": "consequences. But as we alluded to"}, {"start": "00:04:04", "end": "00:04:08", "text": "earlier, whether we should take these"}, {"start": "00:04:06", "end": "00:04:10", "text": "concerns at face value is another"}, {"start": "00:04:08", "end": "00:04:12", "text": "question entirely. But isn't it funny"}, {"start": "00:04:10", "end": "00:04:15", "text": "how Trad raises concerns about market"}, {"start": "00:04:12", "end": "00:04:17", "text": "integrity the moment crypto starts to"}, {"start": "00:04:15", "end": "00:04:19", "text": "compete with them? Well, probably"}, {"start": "00:04:17", "end": "00:04:21", "text": "nothing. So then, if we can't take the"}, {"start": "00:04:19", "end": "00:04:23", "text": "three quote official concerns I just"}, {"start": "00:04:21", "end": "00:04:26", "text": "mentioned at face value, then what is"}, {"start": "00:04:23", "end": "00:04:29", "text": "the real reason why Tradfi is so anxious"}, {"start": "00:04:26", "end": "00:04:31", "text": "about Hyperlid? Why are CME and ICE, two"}, {"start": "00:04:29", "end": "00:04:33", "text": "of the largest exchanges on the planet,"}, {"start": "00:04:31", "end": "00:04:35", "text": "worried about a DeFi exchange in the"}, {"start": "00:04:33", "end": "00:04:38", "text": "cryptoverse? Well, you only need to take"}, {"start": "00:04:35", "end": "00:04:41", "text": "a look at these numbers to find out the"}, {"start": "00:04:38", "end": "00:04:43", "text": "real reason. Hyperlid isn't some small"}, {"start": "00:04:41", "end": "00:04:45", "text": "scrappy experiments anymore. It's not"}, {"start": "00:04:43", "end": "00:04:47", "text": "just another throwaway crypto project."}, {"start": "00:04:45", "end": "00:04:49", "text": "And it isn't one that's likely to fizzle"}, {"start": "00:04:47", "end": "00:04:51", "text": "out before the next market cycle. At"}, {"start": "00:04:49", "end": "00:04:54", "text": "this stage, Hyperlid is no longer just"}, {"start": "00:04:51", "end": "00:04:57", "text": "another DEX. It is quite possibly"}, {"start": "00:04:54", "end": "00:04:59", "text": "crypto's best product right now. It's"}, {"start": "00:04:57", "end": "00:05:00", "text": "built on its own layer 1 blockchain"}, {"start": "00:04:59", "end": "00:05:03", "text": "that's optimized for high-speed"}, {"start": "00:05:00", "end": "00:05:05", "text": "derivatives trading. That means that it"}, {"start": "00:05:03", "end": "00:05:07", "text": "has a fully onchain order book that's"}, {"start": "00:05:05", "end": "00:05:09", "text": "fully transparent. Its execution speeds"}, {"start": "00:05:07", "end": "00:05:12", "text": "and liquidity depth rival that of"}, {"start": "00:05:09", "end": "00:05:15", "text": "centralized exchanges or sexes. And its"}, {"start": "00:05:12", "end": "00:05:17", "text": "subsecond finality makes it the place to"}, {"start": "00:05:15", "end": "00:05:20", "text": "go for per trading. And as we mentioned"}, {"start": "00:05:17", "end": "00:05:22", "text": "earlier, Hyperliquid offers synthetic"}, {"start": "00:05:20", "end": "00:05:26", "text": "exposure to stocks and commodities like"}, {"start": "00:05:22", "end": "00:05:28", "text": "oil and precious metals 24/7, 365 days a"}, {"start": "00:05:26", "end": "00:05:30", "text": "year. This means that traders can"}, {"start": "00:05:28", "end": "00:05:32", "text": "speculate on real world assets"}, {"start": "00:05:30", "end": "00:05:34", "text": "constantly, even when the traditional"}, {"start": "00:05:32", "end": "00:05:36", "text": "markets are shut. This is precisely why"}, {"start": "00:05:34", "end": "00:05:38", "text": "Hyperlid has seen enormous growth and"}, {"start": "00:05:36", "end": "00:05:41", "text": "adoption lately, putting it firmly on"}, {"start": "00:05:38", "end": "00:05:44", "text": "the radar of CME and ICE. But just how"}, {"start": "00:05:41", "end": "00:05:46", "text": "much adoption has Hyperlid seen? Well,"}, {"start": "00:05:44", "end": "00:05:48", "text": "let me put it this way. On the day"}, {"start": "00:05:46", "end": "00:05:51", "text": "before the Iran war broke out, trading"}, {"start": "00:05:48", "end": "00:05:52", "text": "volumes on oil linked per alone were"}, {"start": "00:05:51", "end": "00:05:54", "text": "just a few million dollars. But when"}, {"start": "00:05:52", "end": "00:05:58", "text": "that war did break out, those trading"}, {"start": "00:05:54", "end": "00:06:01", "text": "volumes surged past $700 million in a"}, {"start": "00:05:58", "end": "00:06:04", "text": "single day. Put simply, people quickly"}, {"start": "00:06:01", "end": "00:06:07", "text": "realized that 24/7 global events demand"}, {"start": "00:06:04", "end": "00:06:10", "text": "a 24/7 market, and everyone immediately"}, {"start": "00:06:07", "end": "00:06:12", "text": "flocked to Hyperlid for exactly that."}, {"start": "00:06:10", "end": "00:06:14", "text": "But this isn't the only time Hyperlid"}, {"start": "00:06:12", "end": "00:06:16", "text": "has pulled in impressive numbers. In"}, {"start": "00:06:14", "end": "00:06:19", "text": "August last year, the platform generated"}, {"start": "00:06:16", "end": "00:06:22", "text": "around $106 million in protocol revenue"}, {"start": "00:06:19", "end": "00:06:23", "text": "in just one month. That was 23% higher"}, {"start": "00:06:22", "end": "00:06:25", "text": "than the month before and put"}, {"start": "00:06:23", "end": "00:06:29", "text": "Hyperlquid's annualized revenue run rate"}, {"start": "00:06:25", "end": "00:06:31", "text": "north of $1.25 billion per year. For"}, {"start": "00:06:29", "end": "00:06:34", "text": "perspective, that's midsize listing"}, {"start": "00:06:31", "end": "00:06:36", "text": "exchange territory. Crazy stuff. At the"}, {"start": "00:06:34", "end": "00:06:40", "text": "same time, it was processing roughly"}, {"start": "00:06:36", "end": "00:06:42", "text": "$383 billion in monthly trading volumes,"}, {"start": "00:06:40", "end": "00:06:45", "text": "giving it around 70% of the entire D5"}, {"start": "00:06:42", "end": "00:06:47", "text": "Perpetuals DEX market. In Q1 of this"}, {"start": "00:06:45", "end": "00:06:50", "text": "year alone, Hyperlid generated about"}, {"start": "00:06:47", "end": "00:06:53", "text": "$619 billion in Perpetual's volume. And"}, {"start": "00:06:50", "end": "00:06:55", "text": "by early 2026, Hyperlid's daily volumes"}, {"start": "00:06:53", "end": "00:06:58", "text": "were frequently in the tens of billions"}, {"start": "00:06:55", "end": "00:07:01", "text": "of dollars. There was even a single day"}, {"start": "00:06:58", "end": "00:07:04", "text": "in April 2026 where Hyperlid generated"}, {"start": "00:07:01", "end": "00:07:07", "text": "$3.27 27 million in protocol revenue in"}, {"start": "00:07:04", "end": "00:07:09", "text": "24 hours, ranking it in third place"}, {"start": "00:07:07", "end": "00:07:12", "text": "among any crypto protocol that day,"}, {"start": "00:07:09", "end": "00:07:15", "text": "behind only Tether and Circle. Crucially"}, {"start": "00:07:12", "end": "00:07:17", "text": "though, in early 2026, Hyperlid"}, {"start": "00:07:15", "end": "00:07:19", "text": "accounted for a 6% market share of"}, {"start": "00:07:17", "end": "00:07:22", "text": "global perpetual futures volume. Not"}, {"start": "00:07:19", "end": "00:07:25", "text": "just in DeFi, but globally. Last year,"}, {"start": "00:07:22", "end": "00:07:27", "text": "that number was roughly 3.5%."}, {"start": "00:07:25", "end": "00:07:30", "text": "Meaning that Hyperliquid's global market"}, {"start": "00:07:27", "end": "00:07:32", "text": "share had nearly doubled in 12 months."}, {"start": "00:07:30", "end": "00:07:34", "text": "Those numbers are impressive on their"}, {"start": "00:07:32", "end": "00:07:37", "text": "own, but it doesn't stop there. In"}, {"start": "00:07:34", "end": "00:07:40", "text": "October 2025, Hyperlid introduced the"}, {"start": "00:07:37", "end": "00:07:42", "text": "HIP3 framework, allowing deployers to"}, {"start": "00:07:40", "end": "00:07:44", "text": "list synthetic equity and commodity"}, {"start": "00:07:42", "end": "00:07:47", "text": "perpetuals directly on the Hyperlid"}, {"start": "00:07:44", "end": "00:07:49", "text": "platform. So, this means US stocks,"}, {"start": "00:07:47", "end": "00:07:52", "text": "stock indices, metals, and of course,"}, {"start": "00:07:49", "end": "00:07:54", "text": "crude oil. After HIPP3 launched,"}, {"start": "00:07:52", "end": "00:07:58", "text": "Hyperlquid's DeFi Perpetual's market"}, {"start": "00:07:54", "end": "00:08:00", "text": "share surged from 18% to roughly 33%"}, {"start": "00:07:58", "end": "00:08:02", "text": "with a huge chunk of that new volume"}, {"start": "00:08:00", "end": "00:08:06", "text": "coming not from crypto pairs, but from"}, {"start": "00:08:02", "end": "00:08:09", "text": "these tokenized realorld assets or RWAs."}, {"start": "00:08:06", "end": "00:08:12", "text": "By April, Hyperlid had accumulated over"}, {"start": "00:08:09", "end": "00:08:14", "text": "$2 billion in open interest across HIP3"}, {"start": "00:08:12", "end": "00:08:17", "text": "markets. And here's the stat that really"}, {"start": "00:08:14", "end": "00:08:19", "text": "gets Trafy's attention. Seven of"}, {"start": "00:08:17", "end": "00:08:21", "text": "Hyperliquid's top 10 markets by volume"}, {"start": "00:08:19", "end": "00:08:24", "text": "were in tokenized futures, not in"}, {"start": "00:08:21", "end": "00:08:26", "text": "typical crypto derivatives. Tokenized"}, {"start": "00:08:24", "end": "00:08:28", "text": "stocks and commodities represented 23"}, {"start": "00:08:26", "end": "00:08:30", "text": "out of the top 30 markets on"}, {"start": "00:08:28", "end": "00:08:34", "text": "Hyperlquid's trade.xyz"}, {"start": "00:08:30", "end": "00:08:36", "text": "with over $1.4 billion in open interest."}, {"start": "00:08:34", "end": "00:08:38", "text": "Now, let's think about what this means."}, {"start": "00:08:36", "end": "00:08:41", "text": "Hyperlid is no longer just a crypto"}, {"start": "00:08:38", "end": "00:08:43", "text": "exchange. is a 247 permissionless"}, {"start": "00:08:41", "end": "00:08:45", "text": "onchain derivatives venue where you"}, {"start": "00:08:43", "end": "00:08:48", "text": "could trade leveraged exposure to Apple,"}, {"start": "00:08:45", "end": "00:08:50", "text": "to the S&P 500, to crude oil"}, {"start": "00:08:48", "end": "00:08:53", "text": "continuously, transparently, and from"}, {"start": "00:08:50", "end": "00:08:55", "text": "almost anywhere in the world. For CME"}, {"start": "00:08:53", "end": "00:08:57", "text": "and ICE, companies built on controlling"}, {"start": "00:08:55", "end": "00:09:00", "text": "access to these exact products. This"}, {"start": "00:08:57", "end": "00:09:02", "text": "isn't just a competitive inconvenience."}, {"start": "00:09:00", "end": "00:09:04", "text": "It's an existential threat. And that is"}, {"start": "00:09:02", "end": "00:09:06", "text": "why they went to Washington. when an"}, {"start": "00:09:04", "end": "00:09:09", "text": "alternative emerges out of nowhere and"}, {"start": "00:09:06", "end": "00:09:11", "text": "gains momentum this fast, the dominance"}, {"start": "00:09:09", "end": "00:09:13", "text": "of these tradi giants is suddenly"}, {"start": "00:09:11", "end": "00:09:14", "text": "threatened. And by the way, if you're"}, {"start": "00:09:13", "end": "00:09:16", "text": "looking to keep up with the latest"}, {"start": "00:09:14", "end": "00:09:18", "text": "developments with Hyperlid in real time,"}, {"start": "00:09:16", "end": "00:09:20", "text": "then join the Coin Bureau's Telegram"}, {"start": "00:09:18", "end": "00:09:21", "text": "channel because that's where we share"}, {"start": "00:09:20", "end": "00:09:23", "text": "the latest breaking news, provide deep"}, {"start": "00:09:21", "end": "00:09:25", "text": "dive alpha, and give you the most"}, {"start": "00:09:23", "end": "00:09:27", "text": "important market updates, all ping"}, {"start": "00:09:25", "end": "00:09:29", "text": "directly to your device so you don't"}, {"start": "00:09:27", "end": "00:09:30", "text": "miss a thing. So sign up today using the"}, {"start": "00:09:29", "end": "00:09:34", "text": "link down in the description below, or"}, {"start": "00:09:30", "end": "00:09:35", "text": "just scan the QR code on the screen."}, {"start": "00:09:34", "end": "00:09:38", "text": "Now, if like us, you're already"}, {"start": "00:09:35", "end": "00:09:39", "text": "skeptical that CME and ICE are really"}, {"start": "00:09:38", "end": "00:09:41", "text": "targeting Hyperlid over fears of market"}, {"start": "00:09:39", "end": "00:09:43", "text": "manipulation, sanctions avoidance, and"}, {"start": "00:09:41", "end": "00:09:46", "text": "commodity market risks, then wait till"}, {"start": "00:09:43", "end": "00:09:48", "text": "you hear this. While the CME and ICE are"}, {"start": "00:09:46", "end": "00:09:50", "text": "warning regulators about the dangers of"}, {"start": "00:09:48", "end": "00:09:53", "text": "24/7 onchain derivatives trading,"}, {"start": "00:09:50", "end": "00:09:56", "text": "they're both actively building 24/7"}, {"start": "00:09:53", "end": "00:09:57", "text": "markets themselves. Yes, really. In"}, {"start": "00:09:56", "end": "00:10:00", "text": "February of this year, CME announced"}, {"start": "00:09:57", "end": "00:10:02", "text": "plans to launch 24/7 trading for its own"}, {"start": "00:10:00", "end": "00:10:04", "text": "regulated cryptos, futures, and options."}, {"start": "00:10:02", "end": "00:10:07", "text": "Clearly, they're recognizing that"}, {"start": "00:10:04", "end": "00:10:09", "text": "trading 24/7 is no longer a nice idea,"}, {"start": "00:10:07", "end": "00:10:12", "text": "but a structural requirement, especially"}, {"start": "00:10:09", "end": "00:10:15", "text": "for modern markets. But this means that"}, {"start": "00:10:12", "end": "00:10:17", "text": "CME's argument is essentially Hyperlid's"}, {"start": "00:10:15", "end": "00:10:19", "text": "offering of 24/7 derivatives is"}, {"start": "00:10:17", "end": "00:10:22", "text": "dangerous and manipulable, but CME"}, {"start": "00:10:19", "end": "00:10:24", "text": "offering 24/7 derivatives is fine. The"}, {"start": "00:10:22", "end": "00:10:26", "text": "product is essentially the same. The"}, {"start": "00:10:24", "end": "00:10:28", "text": "concern apparently is about who's"}, {"start": "00:10:26", "end": "00:10:31", "text": "running it. So this isn't about the"}, {"start": "00:10:28", "end": "00:10:33", "text": "official story of market integrity, even"}, {"start": "00:10:31", "end": "00:10:35", "text": "if that does play a role. In reality,"}, {"start": "00:10:33", "end": "00:10:37", "text": "this is about competition. And here's"}, {"start": "00:10:35", "end": "00:10:39", "text": "another thing worth keeping in mind."}, {"start": "00:10:37", "end": "00:10:41", "text": "Hyperlid won't be naive about"}, {"start": "00:10:39", "end": "00:10:43", "text": "regulation. The team will undoubtedly"}, {"start": "00:10:41", "end": "00:10:45", "text": "understand that operating in major"}, {"start": "00:10:43", "end": "00:10:48", "text": "markets, especially with RWA per is"}, {"start": "00:10:45", "end": "00:10:49", "text": "going to require regulatory engagement."}, {"start": "00:10:48", "end": "00:10:52", "text": "Long-term success won't come from"}, {"start": "00:10:49", "end": "00:10:54", "text": "operating in legal gray areas. Heck,"}, {"start": "00:10:52", "end": "00:10:56", "text": "Hyperliquid's own policy center, which"}, {"start": "00:10:54", "end": "00:10:59", "text": "we'll get to in a moment, is all we need"}, {"start": "00:10:56", "end": "00:11:01", "text": "to see that Hyperlid wants a legal"}, {"start": "00:10:59", "end": "00:11:03", "text": "framework. So, the pressure campaign by"}, {"start": "00:11:01", "end": "00:11:05", "text": "CME and ICE isn't going to force"}, {"start": "00:11:03", "end": "00:11:07", "text": "Hyperlid out of the game. If anything,"}, {"start": "00:11:05", "end": "00:11:09", "text": "it will only accelerate a conversation"}, {"start": "00:11:07", "end": "00:11:12", "text": "that was going to happen anyway. The"}, {"start": "00:11:09", "end": "00:11:14", "text": "attack is in that sense somewhat"}, {"start": "00:11:12", "end": "00:11:16", "text": "desperate, but it's also insanely"}, {"start": "00:11:14", "end": "00:11:18", "text": "hypocritical. And here's why. While ICE"}, {"start": "00:11:16", "end": "00:11:20", "text": "is in Washington warning regulators"}, {"start": "00:11:18", "end": "00:11:22", "text": "about the risks of anonymous crypto"}, {"start": "00:11:20", "end": "00:11:24", "text": "derivatives trading, it seems to have"}, {"start": "00:11:22", "end": "00:11:26", "text": "forgotten that in October of last year,"}, {"start": "00:11:24", "end": "00:11:28", "text": "ICE announced a strategic investment in"}, {"start": "00:11:26", "end": "00:11:30", "text": "Poly Market. And this was no small"}, {"start": "00:11:28", "end": "00:11:32", "text": "investment. According to ISIS's own"}, {"start": "00:11:30", "end": "00:11:34", "text": "press release, the Trady giant was"}, {"start": "00:11:32", "end": "00:11:36", "text": "investing up to $2 billion in the crypto"}, {"start": "00:11:34", "end": "00:11:39", "text": "prediction market when Poly Market was"}, {"start": "00:11:36", "end": "00:11:41", "text": "valued at roughly 8 billion. ISIS's plan"}, {"start": "00:11:39", "end": "00:11:43", "text": "is to integrate Poly Market's real-time"}, {"start": "00:11:41", "end": "00:11:45", "text": "crowdsourced probability data into its"}, {"start": "00:11:43", "end": "00:11:48", "text": "institutional products to give investors"}, {"start": "00:11:45", "end": "00:11:50", "text": "a better grasp on market sentiment."}, {"start": "00:11:48", "end": "00:11:52", "text": "Notably though, this press release also"}, {"start": "00:11:50", "end": "00:11:54", "text": "stated that quote, \"ICE and Poly Market"}, {"start": "00:11:52", "end": "00:11:57", "text": "have also agreed to partner on future"}, {"start": "00:11:54", "end": "00:11:58", "text": "tokenization initiatives. And how do you"}, {"start": "00:11:57", "end": "00:12:01", "text": "make sure that that initiative is as"}, {"start": "00:11:58", "end": "00:12:03", "text": "successful as possible? By taking down"}, {"start": "00:12:01", "end": "00:12:05", "text": "your biggest competitor. But here's"}, {"start": "00:12:03", "end": "00:12:07", "text": "where the hypocrisy really comes in."}, {"start": "00:12:05", "end": "00:12:10", "text": "Poly Market is a platform where users"}, {"start": "00:12:07", "end": "00:12:12", "text": "bet on real world events, elections,"}, {"start": "00:12:10", "end": "00:12:15", "text": "geopolitical developments, economic data"}, {"start": "00:12:12", "end": "00:12:18", "text": "releases, military operations, the"}, {"start": "00:12:15", "end": "00:12:19", "text": "outcome of diplomatic negotiations. You"}, {"start": "00:12:18", "end": "00:12:21", "text": "can probably already see the problem"}, {"start": "00:12:19", "end": "00:12:24", "text": "here. Prediction markets are venues"}, {"start": "00:12:21", "end": "00:12:26", "text": "where information asymmetry is baked in."}, {"start": "00:12:24", "end": "00:12:28", "text": "If you have access to non-public"}, {"start": "00:12:26", "end": "00:12:30", "text": "information about the upcoming event,"}, {"start": "00:12:28", "end": "00:12:32", "text": "say a central bank decision or a"}, {"start": "00:12:30", "end": "00:12:34", "text": "geopolitical development, you could"}, {"start": "00:12:32", "end": "00:12:36", "text": "trade that information for profit. In"}, {"start": "00:12:34", "end": "00:12:38", "text": "other words, Poly Market is likely"}, {"start": "00:12:36", "end": "00:12:40", "text": "riddled with insider trading, and"}, {"start": "00:12:38", "end": "00:12:43", "text": "regulators have noticed. Earlier this"}, {"start": "00:12:40", "end": "00:12:45", "text": "year, a senior CFTC enforcement official"}, {"start": "00:12:43", "end": "00:12:48", "text": "had to reinforce that insider trading on"}, {"start": "00:12:45", "end": "00:12:50", "text": "prediction markets is illegal and that"}, {"start": "00:12:48", "end": "00:12:51", "text": "the agency intends to pursue cases"}, {"start": "00:12:50", "end": "00:12:53", "text": "aggressively."}, {"start": "00:12:51", "end": "00:12:55", "text": "Investigative journalism is catching up,"}, {"start": "00:12:53", "end": "00:12:57", "text": "too. The Guardian published an"}, {"start": "00:12:55", "end": "00:12:59", "text": "investigation into a poly market user"}, {"start": "00:12:57", "end": "00:13:01", "text": "who made substantial profits betting on"}, {"start": "00:12:59", "end": "00:13:03", "text": "war- rellated events and diplomatic"}, {"start": "00:13:01", "end": "00:13:05", "text": "decisions. shortly before those events"}, {"start": "00:13:03", "end": "00:13:08", "text": "were publicly announced. Not suspicious"}, {"start": "00:13:05", "end": "00:13:10", "text": "at all. So, let's put this side by side."}, {"start": "00:13:08", "end": "00:13:12", "text": "ICE is telling US regulators that"}, {"start": "00:13:10", "end": "00:13:14", "text": "Hyperlid is dangerous because anonymous"}, {"start": "00:13:12", "end": "00:13:17", "text": "traders might manipulate markets and"}, {"start": "00:13:14", "end": "00:13:19", "text": "circumvent oversight. At the same time,"}, {"start": "00:13:17", "end": "00:13:21", "text": "ICE is investing $2 billion into a"}, {"start": "00:13:19", "end": "00:13:23", "text": "platform that regulators themselves have"}, {"start": "00:13:21", "end": "00:13:25", "text": "flagged as a potential breeding ground"}, {"start": "00:13:23", "end": "00:13:28", "text": "for insider trading on politically"}, {"start": "00:13:25", "end": "00:13:31", "text": "sensitive events. Honestly, the contrast"}, {"start": "00:13:28", "end": "00:13:33", "text": "is hilarious. You have to wonder, do"}, {"start": "00:13:31", "end": "00:13:35", "text": "firms like ICE really care about market"}, {"start": "00:13:33", "end": "00:13:36", "text": "manipulation, or are they completely"}, {"start": "00:13:35", "end": "00:13:39", "text": "okay with it when they could cash in on"}, {"start": "00:13:36", "end": "00:13:41", "text": "that upside? It seems that it's only"}, {"start": "00:13:39", "end": "00:13:43", "text": "when crypto directly competes against"}, {"start": "00:13:41", "end": "00:13:46", "text": "them that it suddenly becomes a systemic"}, {"start": "00:13:43", "end": "00:13:48", "text": "risk. That's not a principled position."}, {"start": "00:13:46", "end": "00:13:51", "text": "That's Trfi using regulatory apparatus"}, {"start": "00:13:48", "end": "00:13:52", "text": "as a competitive weapon. But if you"}, {"start": "00:13:51", "end": "00:13:55", "text": "think Hyperlid is taking this lying"}, {"start": "00:13:52", "end": "00:13:57", "text": "down, you'd be wrong. And this is where"}, {"start": "00:13:55", "end": "00:13:59", "text": "the story gets really interesting. Even"}, {"start": "00:13:57", "end": "00:14:01", "text": "before CME and ICE went public with"}, {"start": "00:13:59", "end": "00:14:04", "text": "their lobbying push, Hyperlid was"}, {"start": "00:14:01", "end": "00:14:05", "text": "already moving in Washington. Back in"}, {"start": "00:14:04", "end": "00:14:08", "text": "February this year, the protocol"}, {"start": "00:14:05", "end": "00:14:10", "text": "launched the Hyperlid Policy Center, a"}, {"start": "00:14:08", "end": "00:14:14", "text": "policy and advocacy organization funded"}, {"start": "00:14:10", "end": "00:14:16", "text": "with around $29 million in hype tokens."}, {"start": "00:14:14", "end": "00:14:18", "text": "Leading the charge is Jake Travinsky,"}, {"start": "00:14:16", "end": "00:14:20", "text": "one of the most prominent crypto policy"}, {"start": "00:14:18", "end": "00:14:24", "text": "lawyers in the US. He is someone who"}, {"start": "00:14:20", "end": "00:14:26", "text": "knows Capitol Hill, knows the CFTC, and"}, {"start": "00:14:24", "end": "00:14:28", "text": "knows how to translate onchain market"}, {"start": "00:14:26", "end": "00:14:31", "text": "structure into language that resonates"}, {"start": "00:14:28", "end": "00:14:33", "text": "with Washington. And alongside Jerinsky,"}, {"start": "00:14:31", "end": "00:14:35", "text": "Hyperlid co-founder Jeff Yan has"}, {"start": "00:14:33", "end": "00:14:37", "text": "literally been going directly to US"}, {"start": "00:14:35", "end": "00:14:39", "text": "lawmakers. That's something that"}, {"start": "00:14:37", "end": "00:14:41", "text": "shouldn't be understated. The co-founder"}, {"start": "00:14:39", "end": "00:14:43", "text": "of Hyperlid has been meeting with"}, {"start": "00:14:41", "end": "00:14:46", "text": "members of Congress in May to explain"}, {"start": "00:14:43", "end": "00:14:48", "text": "how onchain perpetuals actually work and"}, {"start": "00:14:46", "end": "00:14:50", "text": "to argue for a tailored regulatory"}, {"start": "00:14:48", "end": "00:14:52", "text": "framework that makes space for"}, {"start": "00:14:50", "end": "00:14:54", "text": "decentralized order books. The argument"}, {"start": "00:14:52", "end": "00:14:57", "text": "Hyperlid is making is just as simple as"}, {"start": "00:14:54", "end": "00:14:59", "text": "it is important. Essentially, Hyperlid"}, {"start": "00:14:57", "end": "00:15:01", "text": "is making it clear that they're not"}, {"start": "00:14:59", "end": "00:15:04", "text": "hiding. In fact, they argue that onchain"}, {"start": "00:15:01", "end": "00:15:06", "text": "derivatives are far more transparent"}, {"start": "00:15:04", "end": "00:15:08", "text": "than their Trady counterparts. And of"}, {"start": "00:15:06", "end": "00:15:11", "text": "course, they're not wrong. The beauty of"}, {"start": "00:15:08", "end": "00:15:13", "text": "public blockchains is that every trade"}, {"start": "00:15:11", "end": "00:15:16", "text": "is verifiable. Every position is visible"}, {"start": "00:15:13", "end": "00:15:18", "text": "to anyone. Risk management is typically"}, {"start": "00:15:16", "end": "00:15:20", "text": "enforced by code, not by a clearing"}, {"start": "00:15:18", "end": "00:15:22", "text": "house that you have to trust. It'll be"}, {"start": "00:15:20", "end": "00:15:25", "text": "easy for regulators to conclude that"}, {"start": "00:15:22", "end": "00:15:27", "text": "onchain derivatives are in some respect"}, {"start": "00:15:25", "end": "00:15:29", "text": "more accountable than what CME and ICE"}, {"start": "00:15:27", "end": "00:15:32", "text": "are offering. In other words, Hyperlid"}, {"start": "00:15:29", "end": "00:15:34", "text": "isn't trying to sidestep regulation. is"}, {"start": "00:15:32", "end": "00:15:36", "text": "trying to define what regulation for"}, {"start": "00:15:34", "end": "00:15:38", "text": "onchain derivatives should look like"}, {"start": "00:15:36", "end": "00:15:40", "text": "before incumbents get to define the"}, {"start": "00:15:38", "end": "00:15:42", "text": "rules on crypto's behalf. The goal is to"}, {"start": "00:15:40", "end": "00:15:44", "text": "advance legislation like the Clarity"}, {"start": "00:15:42", "end": "00:15:46", "text": "Act, which would provide legal"}, {"start": "00:15:44", "end": "00:15:48", "text": "recognition and guard rails for onchain"}, {"start": "00:15:46", "end": "00:15:50", "text": "derivatives and to ensure that when"}, {"start": "00:15:48", "end": "00:15:52", "text": "those frameworks are written, they"}, {"start": "00:15:50", "end": "00:15:54", "text": "reflect the actual architecture of"}, {"start": "00:15:52", "end": "00:15:57", "text": "decentralized markets rather than simply"}, {"start": "00:15:54", "end": "00:15:59", "text": "shoehorning DeFi into rules designed for"}, {"start": "00:15:57", "end": "00:16:01", "text": "centralized exchanges. And that's a"}, {"start": "00:15:59", "end": "00:16:03", "text": "smart play because if Hyperliquid could"}, {"start": "00:16:01", "end": "00:16:05", "text": "get the right language into legislation,"}, {"start": "00:16:03", "end": "00:16:08", "text": "it transforms from a potential"}, {"start": "00:16:05", "end": "00:16:10", "text": "enforcement target into a compliant"}, {"start": "00:16:08", "end": "00:16:12", "text": "regulated market participant. But more"}, {"start": "00:16:10", "end": "00:16:15", "text": "importantly, it completely removes"}, {"start": "00:16:12", "end": "00:16:16", "text": "Trady's most powerful weapon. By this"}, {"start": "00:16:15", "end": "00:16:19", "text": "point, then you may be wondering which"}, {"start": "00:16:16", "end": "00:16:21", "text": "side comes out on top. Well, it's a fair"}, {"start": "00:16:19", "end": "00:16:24", "text": "question and it deserves a fair answer."}, {"start": "00:16:21", "end": "00:16:26", "text": "Hyperlid has real advantages. It has"}, {"start": "00:16:24", "end": "00:16:28", "text": "undeniable momentum. It's generating"}, {"start": "00:16:26", "end": "00:16:31", "text": "massive revenue. It has a proactive"}, {"start": "00:16:28", "end": "00:16:33", "text": "policy operation, strong legal talent,"}, {"start": "00:16:31", "end": "00:16:35", "text": "and a compelling argument that onchain"}, {"start": "00:16:33", "end": "00:16:38", "text": "transparency is a feature, not a bug."}, {"start": "00:16:35", "end": "00:16:39", "text": "And of course, the polyarket hypocrisy"}, {"start": "00:16:38", "end": "00:16:42", "text": "is a genuine political liability for"}, {"start": "00:16:39", "end": "00:16:45", "text": "ICE. But CME and ICE have structural"}, {"start": "00:16:42", "end": "00:16:47", "text": "advantages that can't be ignored. Both"}, {"start": "00:16:45", "end": "00:16:49", "text": "have decades of relationships with"}, {"start": "00:16:47", "end": "00:16:51", "text": "regulators and legislators. They have"}, {"start": "00:16:49", "end": "00:16:53", "text": "armies of compliance staff, revolving"}, {"start": "00:16:51", "end": "00:16:56", "text": "door connections, and institutional"}, {"start": "00:16:53", "end": "00:16:58", "text": "credibility. The CFTC has already shown"}, {"start": "00:16:56", "end": "00:17:00", "text": "it's willing to pursue enforcement"}, {"start": "00:16:58", "end": "00:17:01", "text": "actions against offshore venues offering"}, {"start": "00:17:00", "end": "00:17:04", "text": "unregistered derivatives to US"}, {"start": "00:17:01", "end": "00:17:07", "text": "investors. The KYC and sanctions"}, {"start": "00:17:04", "end": "00:17:08", "text": "questions are also genuinely hard."}, {"start": "00:17:07", "end": "00:17:11", "text": "Permissionless access is one of"}, {"start": "00:17:08", "end": "00:17:13", "text": "Hyperlid's key strengths, but it's also"}, {"start": "00:17:11", "end": "00:17:15", "text": "one of Hyperlid's most politically"}, {"start": "00:17:13", "end": "00:17:17", "text": "exposed aspects. Crafting a framework"}, {"start": "00:17:15", "end": "00:17:20", "text": "that satisfies policymakers on"}, {"start": "00:17:17", "end": "00:17:22", "text": "sanctioned screening without gutting the"}, {"start": "00:17:20", "end": "00:17:25", "text": "core architecture of DeFi is a complex"}, {"start": "00:17:22", "end": "00:17:27", "text": "problem with no obvious solution. The"}, {"start": "00:17:25", "end": "00:17:30", "text": "most likely outcome in our view isn't a"}, {"start": "00:17:27", "end": "00:17:32", "text": "clean win for either side, but a middle"}, {"start": "00:17:30", "end": "00:17:34", "text": "ground of sorts. It would more likely be"}, {"start": "00:17:32", "end": "00:17:36", "text": "some form of regulated onchain"}, {"start": "00:17:34", "end": "00:17:39", "text": "derivatives program that imposes"}, {"start": "00:17:36", "end": "00:17:40", "text": "compliance measures while preserving the"}, {"start": "00:17:39", "end": "00:17:43", "text": "fundamental architecture of onchain"}, {"start": "00:17:40", "end": "00:17:45", "text": "settlement and transparent order books."}, {"start": "00:17:43", "end": "00:17:47", "text": "This path wouldn't be perfect for either"}, {"start": "00:17:45", "end": "00:17:50", "text": "party, but it would keep onchain"}, {"start": "00:17:47", "end": "00:17:52", "text": "derivatives in the game. But let's zoom"}, {"start": "00:17:50", "end": "00:17:55", "text": "all the way out and think about what all"}, {"start": "00:17:52", "end": "00:17:58", "text": "of this really means. At its core, this"}, {"start": "00:17:55", "end": "00:18:00", "text": "is a fight over who controls 24/7 global"}, {"start": "00:17:58", "end": "00:18:03", "text": "markets. Not just in crypto, but in"}, {"start": "00:18:00", "end": "00:18:05", "text": "derivatives more broadly. Right now, CME"}, {"start": "00:18:03", "end": "00:18:08", "text": "and ICE are the gatekeepers. They decide"}, {"start": "00:18:05", "end": "00:18:10", "text": "what gets listed. They control clearing,"}, {"start": "00:18:08", "end": "00:18:12", "text": "set the fees, and own the benchmarks."}, {"start": "00:18:10", "end": "00:18:15", "text": "The entire infrastructure of global"}, {"start": "00:18:12", "end": "00:18:17", "text": "derivatives pricing runs through them."}, {"start": "00:18:15", "end": "00:18:19", "text": "That's a formidable position, but for"}, {"start": "00:18:17", "end": "00:18:21", "text": "the first time, it's also a position"}, {"start": "00:18:19", "end": "00:18:24", "text": "that's genuinely threatened. On the"}, {"start": "00:18:21", "end": "00:18:26", "text": "other side, you have hyperlquid and what"}, {"start": "00:18:24", "end": "00:18:29", "text": "it represents, derivatives markets built"}, {"start": "00:18:26", "end": "00:18:31", "text": "on transparent onchain order books that"}, {"start": "00:18:29", "end": "00:18:33", "text": "are open to anyone, governed by code,"}, {"start": "00:18:31", "end": "00:18:36", "text": "and settled without a centralized"}, {"start": "00:18:33", "end": "00:18:38", "text": "intermediary. If that model scales, and"}, {"start": "00:18:36", "end": "00:18:41", "text": "the data suggests that it already has,"}, {"start": "00:18:38", "end": "00:18:43", "text": "the duopoly held by CME and ICE over"}, {"start": "00:18:41", "end": "00:18:45", "text": "derivatives infrastructure starts to"}, {"start": "00:18:43", "end": "00:18:47", "text": "crack. Essentially, it's a David versus"}, {"start": "00:18:45", "end": "00:18:49", "text": "Goliath story. And we know who we're"}, {"start": "00:18:47", "end": "00:18:52", "text": "rooting for. So, what happens if"}, {"start": "00:18:49", "end": "00:18:54", "text": "Hyperlquin wins? Well, in practice, it"}, {"start": "00:18:52", "end": "00:18:56", "text": "means onchain derivatives get a"}, {"start": "00:18:54", "end": "00:18:58", "text": "legitimate regulatory framework and"}, {"start": "00:18:56", "end": "00:18:59", "text": "Tradfi's grip on the derivatives pricing"}, {"start": "00:18:58", "end": "00:19:02", "text": "and infrastructure is meaningfully"}, {"start": "00:18:59", "end": "00:19:04", "text": "loosened. As for Hyperliquid's hype"}, {"start": "00:19:02", "end": "00:19:06", "text": "token, the upside would be huge. If it"}, {"start": "00:19:04", "end": "00:19:08", "text": "secures regulatory clarity and expands"}, {"start": "00:19:06", "end": "00:19:10", "text": "into regulated institutional flow, the"}, {"start": "00:19:08", "end": "00:19:12", "text": "kind of volume that currently sits on"}, {"start": "00:19:10", "end": "00:19:15", "text": "the CME and ICE, then its revenue"}, {"start": "00:19:12", "end": "00:19:18", "text": "potential would multiply dramatically. A"}, {"start": "00:19:15", "end": "00:19:19", "text": "legitimized regulated hyperlid with a"}, {"start": "00:19:18", "end": "00:19:21", "text": "growing share of global derivatives"}, {"start": "00:19:19", "end": "00:19:23", "text": "volume is a very different proposition"}, {"start": "00:19:21", "end": "00:19:25", "text": "from the hyperlid today that's"}, {"start": "00:19:23", "end": "00:19:27", "text": "considered a regulatory risk. Put"}, {"start": "00:19:25", "end": "00:19:30", "text": "simply, a win in Washington wouldn't"}, {"start": "00:19:27", "end": "00:19:33", "text": "just remove a headwind. It would open"}, {"start": "00:19:30", "end": "00:19:36", "text": "the floodgates. But what if Hyperliquid"}, {"start": "00:19:33", "end": "00:19:38", "text": "loses? What if the CFTC comes down hard"}, {"start": "00:19:36", "end": "00:19:40", "text": "or new legislation gets passed that"}, {"start": "00:19:38", "end": "00:19:43", "text": "effectively locks Hyperlid out of major"}, {"start": "00:19:40", "end": "00:19:45", "text": "markets? Well, obviously this would be a"}, {"start": "00:19:43", "end": "00:19:48", "text": "huge blow to the protocol, but Hyperlid"}, {"start": "00:19:45", "end": "00:19:50", "text": "itself wouldn't disappear. That said, a"}, {"start": "00:19:48", "end": "00:19:53", "text": "bad regulatory outcome does put a"}, {"start": "00:19:50", "end": "00:19:55", "text": "ceiling on Hyperlid's potential. It"}, {"start": "00:19:53", "end": "00:19:56", "text": "would limit institutional adoption and"}, {"start": "00:19:55", "end": "00:19:59", "text": "would restrict Hyperl's addressable"}, {"start": "00:19:56", "end": "00:20:01", "text": "market. And for Hype, the token's"}, {"start": "00:19:59", "end": "00:20:03", "text": "long-term value case is built on the"}, {"start": "00:20:01", "end": "00:20:05", "text": "premise that Hyperlid would become the"}, {"start": "00:20:03", "end": "00:20:08", "text": "dominant venue for a significant share"}, {"start": "00:20:05", "end": "00:20:10", "text": "of global derivatives trading. If US"}, {"start": "00:20:08", "end": "00:20:11", "text": "regulators keep the project restricted,"}, {"start": "00:20:10", "end": "00:20:14", "text": "it will no longer be a genuine"}, {"start": "00:20:11", "end": "00:20:17", "text": "challenger to CME and ICE's global"}, {"start": "00:20:14", "end": "00:20:18", "text": "dominance. But make no mistake, the fact"}, {"start": "00:20:17", "end": "00:20:20", "text": "that CME and ICE felt threatened enough"}, {"start": "00:20:18", "end": "00:20:23", "text": "to take this to Washington isn't a sign"}, {"start": "00:20:20", "end": "00:20:25", "text": "of Hyperlid's weakness. It's actually a"}, {"start": "00:20:23", "end": "00:20:26", "text": "sign of strength. You don't lobby"}, {"start": "00:20:25", "end": "00:20:29", "text": "regulators against competitors who"}, {"start": "00:20:26", "end": "00:20:31", "text": "aren't a threat. And that is precisely"}, {"start": "00:20:29", "end": "00:20:34", "text": "why that development is actually"}, {"start": "00:20:31", "end": "00:20:36", "text": "incredibly bullish for Hyperlid and"}, {"start": "00:20:34", "end": "00:20:38", "text": "explain why Hype's token price has been"}, {"start": "00:20:36", "end": "00:20:40", "text": "climbing since the news rather than"}, {"start": "00:20:38", "end": "00:20:42", "text": "plummeting. And from where we're"}, {"start": "00:20:40", "end": "00:20:44", "text": "standing, that momentum is just getting"}, {"start": "00:20:42", "end": "00:20:46", "text": "started. Okay, folks. So, we want to"}, {"start": "00:20:44", "end": "00:20:48", "text": "hear from you now. Are you bullish on"}, {"start": "00:20:46", "end": "00:20:50", "text": "Hyperlid or does this whole thing just"}, {"start": "00:20:48", "end": "00:20:52", "text": "fill you with dread? Let us know your"}, {"start": "00:20:50", "end": "00:20:54", "text": "thoughts in the comments down below. We"}, {"start": "00:20:52", "end": "00:20:55", "text": "would love to hear from you. And if"}, {"start": "00:20:54", "end": "00:20:57", "text": "you're wondering what happens if"}, {"start": "00:20:55", "end": "00:21:00", "text": "Hyperlid fails, well, check out the"}, {"start": "00:20:57", "end": "00:21:02", "text": "video on that right over here. And if"}, {"start": "00:21:00", "end": "00:21:04", "text": "you want to learn more about CME"}, {"start": "00:21:02", "end": "00:21:07", "text": "offering 247 trading, check out the"}, {"start": "00:21:04", "end": "00:21:09", "text": "video on that right over here. Thank you"}, {"start": "00:21:07", "end": "00:21:11", "text": "all so much for watching and I'll see"}, {"start": "00:21:09", "end": "00:21:14", "text": "you again very soon. This is Lewis"}, {"start": "00:21:11", "end": "00:21:14", "text": "signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "There is a person or something that built the�\nmost important financial system of the 21st��"}, {"start": "00:00:05", "end": "00:00:10", "text": "century. They have never been photographed,�\nnever been identified, never spent a single��"}, {"start": "00:00:10", "end": "00:00:16", "text": "penny of their $100 billion fortune. And�\nin April 2011, they sent one final email,��"}, {"start": "00:00:16", "end": "00:00:23", "text": "typed three sentences, and disappeared from the�\nface of the earth. January 3rd, 2009, 6:15 p.m.��"}, {"start": "00:00:23", "end": "00:00:29", "text": "Green Witch Meime. A line of text is written into�\nthe foundation of a parallel monetary system.��"}, {"start": "00:00:29", "end": "00:00:34", "text": "Chancellor on brink of second bailout for banks.�\nIt is the front page headline of that morning's��"}, {"start": "00:00:34", "end": "00:00:40", "text": "London Times and it is now embedded permanently�\nimmutably on every note on earth into the first��"}, {"start": "00:00:40", "end": "00:00:47", "text": "block of a network that is worth 1.618 trillion�\ntoday. And a growing number of serious people,��"}, {"start": "00:00:47", "end": "00:00:53", "text": "academics at Oxford and Berkeley, Islamic scholars�\nacross the Gulf, the most influential figures in��"}, {"start": "00:00:53", "end": "00:00:58", "text": "modern finance, believe Satoshi Nakamoto�\nwas not, in any normal sense of the word,��"}, {"start": "00:00:58", "end": "00:01:03", "text": "human. There are over 4,000 religions on this�\nplanet. Some people find theirs in a church,��"}, {"start": "00:01:03", "end": "00:01:07", "text": "some find it in a stadium on a Sunday afternoon,�\nand some find it in a movie. There are people who��"}, {"start": "00:01:07", "end": "00:01:14", "text": "generally believe The Matrix is a documentary.�\nSome people increasingly find it in Bitcoin. Now,��"}, {"start": "00:01:14", "end": "00:01:18", "text": "I know what you're thinking. What a load of�\nnonsense. And that was my initial reaction,��"}, {"start": "00:01:18", "end": "00:01:24", "text": "too. Bitcoin is a financial asset. It's code. It's�\na network. It's a hedge against inflation. It is��"}, {"start": "00:01:24", "end": "00:01:31", "text": "not a religion. But was I actually right about�\nthat? If so, why are peer-reviewed academics at��"}, {"start": "00:01:31", "end": "00:01:36", "text": "Berkeley and Oxford publishing papers arguing that�\nin fact it is a religion? Why does Max Kaiser,��"}, {"start": "00:01:36", "end": "00:01:42", "text": "one of the most influential voices in crypto, say�\non television with a straight face that Satoshi��"}, {"start": "00:01:42", "end": "00:01:48", "text": "Nakamoto is the second coming of Jesus? Why are�\nthe parallels between the story of Christianity��"}, {"start": "00:01:48", "end": "00:01:53", "text": "and the story of Bitcoin so uncanny that it stops�\nbeing funny somewhere around the third disciple?��"}, {"start": "00:01:53", "end": "00:01:59", "text": "And then there's an even bigger question. What�\nif understanding why Bitcoin is a religion is not��"}, {"start": "00:01:59", "end": "00:02:04", "text": "just a curiosity, but the key to understanding the�\nprice? Because the market cap, the institutional��"}, {"start": "00:02:04", "end": "00:02:08", "text": "adoption, the willingness of sovereign nations�\nto hold Bitcoin while ignoring most other��"}, {"start": "00:02:08", "end": "00:02:14", "text": "crypto assets, none of that is explained by the�\ntechnology. It is however explained by what the��"}, {"start": "00:02:14", "end": "00:02:20", "text": "technology means to the people who hold it. Now,�\nlet me be clear on this. You absolutely don't have��"}, {"start": "00:02:20", "end": "00:02:24", "text": "to believe any of this by the end of the video,�\nbut I promise I researched this topic to the��"}, {"start": "00:02:24", "end": "00:02:29", "text": "best of my ability, so you can at least understand�\nwhy some people claim that Satoshi is the second��"}, {"start": "00:02:29", "end": "00:02:40", "text": "coming of Jesus, an alien or a time traveler.�\nI'm DC and you're watching the Coin Bureau."}, {"start": "00:02:40", "end": "00:02:45", "text": "Now, let's start with Jesus. And to understand how�\nBitcoin became a religion, we have to begin with��"}, {"start": "00:02:45", "end": "00:02:50", "text": "the people who actually study religion.�\nIn February of this year, Timothy Anne,��"}, {"start": "00:02:50", "end": "00:02:56", "text": "a sociologist at UC Berkeley, published a paper in�\nOxford Socioeconomic Review titled Fix the Money,��"}, {"start": "00:02:56", "end": "00:03:02", "text": "Fix the World: Bitcoin as a techno libertarian�\nreligion. Anne isn't a Bitcoiner. He's an academic��"}, {"start": "00:03:02", "end": "00:03:08", "text": "and applying classical Durkheimian sociology, the�\nsame framework used to analyze early Christianity,��"}, {"start": "00:03:08", "end": "00:03:14", "text": "Islam, and modern American evangelicalism. He�\nargues that Bitcoin functions as a moral community��"}, {"start": "00:03:14", "end": "00:03:20", "text": "organized around one shared sacred symbol.�\nThat symbol is salvation. Salvation from a��"}, {"start": "00:03:20", "end": "00:03:26", "text": "failing financial order. And he isn't the first to�\nmake this case. Joseph Lake, a religious studies��"}, {"start": "00:03:26", "end": "00:03:31", "text": "professor at Texas State, wrote earlier this year�\nthat Bloomberg had already called Bitcoin the��"}, {"start": "00:03:31", "end": "00:03:37", "text": "first true religion of the 21st century. There was�\nan organization founded in 2017 that calls itself��"}, {"start": "00:03:37", "end": "00:03:43", "text": "the church of Bitcoin and their founding documents�\nnamed Satoshi Nakamoto as a prophet. In Texas,��"}, {"start": "00:03:43", "end": "00:03:49", "text": "there are billboards along the highway that�\nread crypto is real in the exact font, the exact��"}, {"start": "00:03:49", "end": "00:03:54", "text": "layout of the Jesus billboards besides them. And�\nbefore you dismiss any of this, understand that��"}, {"start": "00:03:54", "end": "00:03:58", "text": "the people calling Bitcoin a religion include�\nthe people who built Bitcoin. The community��"}, {"start": "00:03:58", "end": "00:04:05", "text": "itself uses this language. They talk about being�\norange-pilled, a conversion experience. They cast��"}, {"start": "00:04:05", "end": "00:04:10", "text": "out heretics with the phrase, \"Have fun staying�\npoor.\" They make pilgrimages to Bitcoin Beach��"}, {"start": "00:04:10", "end": "00:04:15", "text": "in El Salvador, to the Miami conferences, to�\nannual revival. It has scripture in the form of��"}, {"start": "00:04:15", "end": "00:04:22", "text": "a nine-page white paper, and it has a clergy, Max�\nKaiser as the high priest, Adam Bach as the elder��"}, {"start": "00:04:22", "end": "00:04:27", "text": "scholar, and Michael Sailor as Saul on the road�\nto Damascus. Once you accept that the religion��"}, {"start": "00:04:27", "end": "00:04:32", "text": "frame isn't a metaphor, once you accept that this�\nis how the community actually describes itself,��"}, {"start": "00:04:32", "end": "00:04:38", "text": "you can apply the same fourpart test that�\nscholars use to identify any religion. A messiah,��"}, {"start": "00:04:38", "end": "00:04:45", "text": "disciples, prophecies, and a promised return.�\nBitcoin is every single one of them. And while��"}, {"start": "00:04:45", "end": "00:04:50", "text": "the decorations are interesting, the structure�\nunderneath is something else entirely. The thing��"}, {"start": "00:04:50", "end": "00:04:54", "text": "is, you can only see that structure when you�\nlook at the men who walked next to the Messiah."}, {"start": "00:04:58", "end": "00:05:02", "text": "Now pay attention here because the biblical�\nparallels in early Bitcoin history are��"}, {"start": "00:05:02", "end": "00:05:09", "text": "not forced. They are uncanny. Let's start�\nwith Adam Beck, John the Baptist. In 1997,��"}, {"start": "00:05:09", "end": "00:05:14", "text": "more than a decade before Bitcoin existed,�\nAdam Beck invented something called hash,��"}, {"start": "00:05:14", "end": "00:05:20", "text": "a proofof work system originally designed to fight�\nemail spam. It was the engine that Satoshi would��"}, {"start": "00:05:20", "end": "00:05:26", "text": "later use as the basis for Bitcoin mining. Hash�\nis cited by name in the Bitcoin white paper.��"}, {"start": "00:05:26", "end": "00:05:31", "text": "And on August 20th, 2008, roughly 10 weeks�\nbefore Satoshi published anything publicly,��"}, {"start": "00:05:31", "end": "00:05:36", "text": "Adam Beck received an email from a stranger. The�\nstranger asked permission to site his work in an��"}, {"start": "00:05:36", "end": "00:05:42", "text": "upcoming paper on electronic cash. That email is�\nthe first contact Satoshi Nakamoto ever made with��"}, {"start": "00:05:42", "end": "00:05:48", "text": "another human being on this planet. In the Gospel�\nof John, the Baptist sees Jesus approaching the��"}, {"start": "00:05:48", "end": "00:05:54", "text": "Jordan and says, \"I am the voice of the one crying�\nin the wilderness. After me comes a man who ranks��"}, {"start": "00:05:54", "end": "00:06:01", "text": "before me because he was before me. I baptize with�\nwater, but among you stands one you do not know.\"��"}, {"start": "00:06:01", "end": "00:06:07", "text": "Staying ahead of these structural red flags before�\nthey translate into devastating losses is exactly��"}, {"start": "00:06:07", "end": "00:06:12", "text": "why the Coin Bureau Telegram channel exists.�\nThis is where we share the latest breaking news��"}, {"start": "00:06:12", "end": "00:06:18", "text": "the moment it lands. Where we provide deep dive�\nalpha on emerging risks across DeFi protocols,��"}, {"start": "00:06:18", "end": "00:06:23", "text": "exchanges, and stable coin issuers, and where we�\ndeliver the most important market updates straight��"}, {"start": "00:06:23", "end": "00:06:28", "text": "to your device so you never miss a critical�\nsignal. You can sign up today using the link��"}, {"start": "00:06:28", "end": "00:06:34", "text": "in the description below or by scanning the QR�\ncode currently displayed on your screen. When��"}, {"start": "00:06:34", "end": "00:06:40", "text": "the priests come to ask him directly, \"Are you the�\nChrist?\" John answers in three words. I am not.��"}, {"start": "00:06:40", "end": "00:06:46", "text": "When the New York Times investigated Adam back in�\nApril of this year, he responded on X with three��"}, {"start": "00:06:46", "end": "00:06:52", "text": "words. I'm not Satoshi. The forerunner who built�\nthe tools, the man cited by name in scripture,��"}, {"start": "00:06:52", "end": "00:06:57", "text": "the one who insists again and again that�\nhe is not the one. The more he denies it,��"}, {"start": "00:06:57", "end": "00:07:04", "text": "the more the structure confirms itself. Then we�\nhave We D, the Old Testament prophet. In 1998, Dai��"}, {"start": "00:07:04", "end": "00:07:10", "text": "published a proposal he called Boney, an anonymous�\ndecentralized electronic cash system. Most of the��"}, {"start": "00:07:10", "end": "00:07:14", "text": "conceptual scaffolding that would later become�\nBitcoin. Satoshi cited him, emailed him before��"}, {"start": "00:07:14", "end": "00:07:20", "text": "publication. Way die never spoke publicly about�\nBitcoin never claimed authorship and faded into��"}, {"start": "00:07:20", "end": "00:07:24", "text": "the background. A prophet whose words were�\nrecorded and whose person disappeared. In��"}, {"start": "00:07:24", "end": "00:07:31", "text": "Isaiah 53 written some 700 years before the birth�\nof Christ, the prophet writes, \"He was despised��"}, {"start": "00:07:31", "end": "00:07:37", "text": "and rejected by men, a man of sorrows, acquainted�\nwith grief. He had no form or majesty that we��"}, {"start": "00:07:37", "end": "00:07:42", "text": "should look at him. The prophets are remembered�\nthrough their texts, not their faces, not their��"}, {"start": "00:07:42", "end": "00:07:47", "text": "lives.\" Ethereum later named its smallest unit,�\nthe way after him, a form of canonization,��"}, {"start": "00:07:47", "end": "00:07:53", "text": "the forerunner's name written into the liturgy�\nof a different church. And of course, there's��"}, {"start": "00:07:53", "end": "00:08:00", "text": "Hal Finny, the beloved disciple. On January 11th,�\n2009, 8 days after the Bitcoin network went live,��"}, {"start": "00:08:00", "end": "00:08:05", "text": "Hal Finny downloaded the software and�\nposted a message to Twitter. Two words,��"}, {"start": "00:08:05", "end": "00:08:11", "text": "running Bitcoin. The next day, Satoshi sent him�\nthe first Bitcoin transaction in history, 10 BTC,��"}, {"start": "00:08:11", "end": "00:08:17", "text": "from the Messiah to the disciple. Finny had spent�\nhis entire career as a cryptographer. In 2004,��"}, {"start": "00:08:17", "end": "00:08:25", "text": "he had built something called RP, reusable proofs�\nof work, a direct conceptual ancestor of Bitcoin's��"}, {"start": "00:08:25", "end": "00:08:30", "text": "consensus mechanism. He was ready for this. He�\nhad been ready for years. And then in the very��"}, {"start": "00:08:30", "end": "00:08:36", "text": "same year Bitcoin launched, Hell was diagnosed�\nwith ALS. He kept coding from his wheelchair.��"}, {"start": "00:08:36", "end": "00:08:41", "text": "As the disease progressed, as it took his hands,�\nthen his voice, then his ability to move at all.��"}, {"start": "00:08:41", "end": "00:08:47", "text": "He communicated through eye movements. His final�\nBitcoin talk post was titled Bitcoin and me. The��"}, {"start": "00:08:47", "end": "00:08:53", "text": "community treats this as a dying testament,�\na sacred text. Hal Finny died on August 28th,��"}, {"start": "00:08:53", "end": "00:08:59", "text": "2014. His body was cryogenically preserved by the�\nAlcohol Life Extension Foundation in Scottsdale,��"}, {"start": "00:08:59", "end": "00:09:05", "text": "Arizona. In the Gospel of John 11, Jesus stands at�\nthe tomb of his friend Lazarus and weeps. Then he��"}, {"start": "00:09:05", "end": "00:09:12", "text": "commands the stone rolled away. Then he calls into�\nthe cave, \"Lazarus, come forth.\" And the dead man��"}, {"start": "00:09:12", "end": "00:09:18", "text": "walks out. The first apostle of Bitcoin, baptized�\nby the first transaction, martyred by ALS,��"}, {"start": "00:09:18", "end": "00:09:24", "text": "frozen in time, waiting for a future that the very�\nthing he helped build is helping to fund. There��"}, {"start": "00:09:24", "end": "00:09:29", "text": "are believers who will tell you with no irony in�\ntheir voice that one day Halfiney will be brought��"}, {"start": "00:09:29", "end": "00:09:36", "text": "back. Then we have Thomas the Dopter. That's Nick�\nSabo. In 1998, Zabo published a proposal he called��"}, {"start": "00:09:36", "end": "00:09:42", "text": "Bitold, a decentralized proofof workbased digital�\nasset with a fixed supply. Bitcoin is essentially��"}, {"start": "00:09:42", "end": "00:09:48", "text": "Bit Gold with the double spend problem solved.�\nStyometric analysis, the linguistic studies that��"}, {"start": "00:09:48", "end": "00:09:54", "text": "compare writing patterns, keep flagging Sabo as�\nthe closest match to Satoshi's pros. He has denied��"}, {"start": "00:09:54", "end": "00:10:00", "text": "authorship repeatedly, publicly, explicitly for�\nover a decade. In the Gospel of John chapter 20,��"}, {"start": "00:10:00", "end": "00:10:05", "text": "the apostles tell Thomas that the risen Christ�\nhas appeared to them. Thomas refuses to believe.��"}, {"start": "00:10:05", "end": "00:10:10", "text": "Unless I see in his hands the mark of the nails�\nand place my finger into the mark of the nails and��"}, {"start": "00:10:10", "end": "00:10:16", "text": "place my hand into his side, I will never believe.�\n8 days later, Christ appears again and addresses��"}, {"start": "00:10:16", "end": "00:10:23", "text": "Thomas directly. Do not disbelieve, but believe.�\nNick Sabo is the doubting Thomas of Bitcoin, the��"}, {"start": "00:10:23", "end": "00:10:29", "text": "apostle whose entire identity is defined by his�\nrefusal to confirm a truth that everyone around��"}, {"start": "00:10:29", "end": "00:10:36", "text": "him already believes. Every denial generates more�\nsuspicion. Gavin Andre, Peter, holder of the keys.��"}, {"start": "00:10:36", "end": "00:10:41", "text": "Around 2010, Satoshi met Andre on the Bitcoin talk�\nforum and made him lead developer of the project.��"}, {"start": "00:10:41", "end": "00:10:47", "text": "Then Satoshi gave him the Bitcoin alert key, the�\nsingle cryptographic key capable of broadcasting��"}, {"start": "00:10:47", "end": "00:10:53", "text": "an emergency message to every node on the network.�\nHe gave him comet access to the code repository,��"}, {"start": "00:10:53", "end": "00:11:00", "text": "the literal administrative keys to the kingdom.�\nIn Matthew 16:19, Christ turns to Peter and says,��"}, {"start": "00:11:00", "end": "00:11:04", "text": "\"I will give you the keys of the kingdom of�\nheaven, and whatever you bind on earth shall��"}, {"start": "00:11:04", "end": "00:11:11", "text": "be bound in heaven.\" And so in April 2011, Satoshi�\nsent Andrea a final email. The last message anyone��"}, {"start": "00:11:11", "end": "00:11:16", "text": "has ever received from him. I've moved on to�\nother things. It's in good hands with Gavin and��"}, {"start": "00:11:16", "end": "00:11:22", "text": "everyone. Then he vanished. The keys handed to a�\ndisciple before the Messiah ascended. There is one��"}, {"start": "00:11:22", "end": "00:11:28", "text": "more parallel here and it's darker. In 2016, Gavin�\nAndre publicly endorsed Craig Wright as Satoshi��"}, {"start": "00:11:28", "end": "00:11:34", "text": "Nakamoto. He was wrong. The community revoked�\nhis comet access within days. The first pope of��"}, {"start": "00:11:34", "end": "00:11:40", "text": "Bitcoin was excommunicated by his own church and�\neven Peter denied Christ three entire times. Which��"}, {"start": "00:11:40", "end": "00:11:46", "text": "brings us to Craig Wright, the false messiah. Now,�\nevery religion eventually produces a false messiah��"}, {"start": "00:11:46", "end": "00:11:53", "text": "and bitcoins is Craig Wright. Beginning in 2016,�\nWright publicly claimed to be Satoshi Nakamoto. He��"}, {"start": "00:11:53", "end": "00:11:58", "text": "pursued the claim through lawsuits and copyright�\nfilings for nearly a decade. In March 2024,��"}, {"start": "00:11:58", "end": "00:12:03", "text": "a UK high court ruled that Wright was not Satoshi�\nand that he had committed fraud and perjury in��"}, {"start": "00:12:03", "end": "00:12:07", "text": "pursuing the claim. Now, the interesting thing�\nisn't that Wright was unconvincing. It's that��"}, {"start": "00:12:07", "end": "00:12:12", "text": "the structure produced him at all. Once a�\nreligion has scripture, prophecy, disciples,��"}, {"start": "00:12:12", "end": "00:12:18", "text": "and an absent founder, a false claimment becomes�\nalmost inevitable. His rejection by the community��"}, {"start": "00:12:18", "end": "00:12:24", "text": "is itself an act of faith, a declaration that the�\nreal Satoshi is still out there, still unfound.��"}, {"start": "00:12:24", "end": "00:12:30", "text": "The false messiah always reinforces the true one.�\nMax Kaiser, Paul the evangelist, the high priest��"}, {"start": "00:12:30", "end": "00:12:36", "text": "who came late. Former Wall Street trader, now�\nsenior adviser to President Bou in El Salvador,��"}, {"start": "00:12:36", "end": "00:12:40", "text": "the first head of state to make Bitcoin�\nlegal tender. Kaiser did not walk with the��"}, {"start": "00:12:40", "end": "00:12:46", "text": "Messiah. He converted afterward and became the�\nloudest preacher the religion has ever produced.��"}, {"start": "00:12:46", "end": "00:12:51", "text": "Paul in his letter to the Romans writes, \"For I�\nam not ashamed of the gospel, for it is the power��"}, {"start": "00:12:51", "end": "00:12:57", "text": "of God for salvation to everyone who believes.\"�\nKaiser calls Bitcoin God's money on television.��"}, {"start": "00:12:57", "end": "00:13:03", "text": "He has on multiple occasions suggested Satoshi�\nis the second coming of Christ. Now, whatever you��"}, {"start": "00:13:03", "end": "00:13:08", "text": "think of him personally, he is the most effective�\nevangelist this religion has ever produced. And��"}, {"start": "00:13:08", "end": "00:13:14", "text": "lastly, we have Michael Sailor, Saul on the road�\nto Damascus. This is the parallel that ends the��"}, {"start": "00:13:14", "end": "00:13:20", "text": "chapter because it is the most exact. On December�\n19th, 2013, Michael Sailor posted on Twitter that��"}, {"start": "00:13:20", "end": "00:13:25", "text": "Bitcoin's days were numbered. He compared it to�\nonline gambling. He said it would suffer the same��"}, {"start": "00:13:25", "end": "00:13:31", "text": "fate. In act seven, before his conversion, Saul of�\nTarsus stands and approves the stoning of Steven,��"}, {"start": "00:13:31", "end": "00:13:37", "text": "the first Christian martyr. He holds the coats�\nof the men throwing the stones. He persecutes��"}, {"start": "00:13:37", "end": "00:13:43", "text": "the early church with a religious zeal of his�\nown. 7 years after that tweet, August 20th,��"}, {"start": "00:13:43", "end": "00:13:49", "text": "Sailor's company, Micro Strategy, converted�\n$250 million of corporate cash into Bitcoin.��"}, {"start": "00:13:49", "end": "00:13:56", "text": "He has not stopped buying since, and his company�\nnow holds over $840,000 BTC. In Acts 9, Saul is��"}, {"start": "00:13:56", "end": "00:14:02", "text": "struck down by the road to Damascus by a blinding�\nlight. A voice asks him, \"Saul, Saul, why are you��"}, {"start": "00:14:02", "end": "00:14:08", "text": "persecuting me?\" He converts. He is renamed Paul.�\nHe becomes the missionary who carries the gospel��"}, {"start": "00:14:08", "end": "00:14:14", "text": "to the Roman Empire. The man who more than anyone�\nelse transforms a small Jewish sect into a world��"}, {"start": "00:14:14", "end": "00:14:20", "text": "religion. Sailor's conversion is documented. He�\nhas described it publicly repeatedly in interview��"}, {"start": "00:14:20", "end": "00:14:25", "text": "after interview. The persecutor who became the�\nbuyer. The man who once mocked Bitcoin is now��"}, {"start": "00:14:25", "end": "00:14:30", "text": "the single largest corporate evangelist for�\nit on Earth. Now, here's the part where the��"}, {"start": "00:14:30", "end": "00:14:35", "text": "whole structure clicks into place. Every�\none of these men has been investigated as��"}, {"start": "00:14:35", "end": "00:14:40", "text": "a potential Satoshi candidate. The journalists�\nhave done their work. The public, Bitcoin maxis,��"}, {"start": "00:14:40", "end": "00:14:46", "text": "and social media have done theirs. And every one�\nof them has been ruled out, not by denial, but��"}, {"start": "00:14:46", "end": "00:14:51", "text": "by the structure itself. You don't site yourself�\nin the third person. You don't email yourself for��"}, {"start": "00:14:51", "end": "00:14:56", "text": "citation permission. You don't bury your own work�\nin your own scripture. You don't hand yourself the��"}, {"start": "00:14:56", "end": "00:15:01", "text": "keys and send yourself a goodbye. They couldn't�\nbe Satoshi because they were the disciples."}, {"start": "00:15:04", "end": "00:15:09", "text": "Now, religions do not survive on the strength�\nof their founders alone. They survive because��"}, {"start": "00:15:09", "end": "00:15:14", "text": "of the signs that come after, the prophecies�\nfulfilled, the sacrifices made, the miracles��"}, {"start": "00:15:14", "end": "00:15:19", "text": "that the believers can point to as evidence of�\nthe founders's true nature. And Bitcoin has six��"}, {"start": "00:15:19", "end": "00:15:26", "text": "of them. The 1st, October 31st, 2008, Halloween,�\n6 weeks after Lehman Brothers collapsed and took��"}, {"start": "00:15:26", "end": "00:15:31", "text": "roughly $10 trillion of global wealth with it.�\nThe world's financial system is actively on��"}, {"start": "00:15:31", "end": "00:15:36", "text": "fire. Central banks are improvising trillion�\ndollar bailouts in real time. On that day,��"}, {"start": "00:15:36", "end": "00:15:43", "text": "that specific day, a stranger with no verifiable�\nidentity uploads a 9-page PDF to an obscure��"}, {"start": "00:15:43", "end": "00:15:48", "text": "cryptography mailing list. Nobody has heard of�\nhim. Nobody has heard of Bitcoin. The timing is��"}, {"start": "00:15:48", "end": "00:15:55", "text": "not coincidential. The timing is surgical. 3�\nmonths later, January 3rd, 2009, at 6:15 UTC,��"}, {"start": "00:15:55", "end": "00:16:00", "text": "the first block of Bitcoin is mined and carved�\ninto that very first block immutably forever on��"}, {"start": "00:16:00", "end": "00:16:05", "text": "every node on Earth is that morning's front page�\nheadline from the London Times. Chancellor on��"}, {"start": "00:16:05", "end": "00:16:11", "text": "brink of second bailout for banks. 9 days later,�\nthe chancellor executed the bailout exactly as��"}, {"start": "00:16:11", "end": "00:16:17", "text": "this headline predicted. Bitcoin was timestamped�\nto the moment the old system was visibly failing.��"}, {"start": "00:16:17", "end": "00:16:23", "text": "It came into the world holding a newspaper as�\nevidence, as accusation, as a prophecy. The��"}, {"start": "00:16:23", "end": "00:16:29", "text": "second, Bitcoin supplies cut in half every 210,000�\nblocks, roughly every four years on a schedule��"}, {"start": "00:16:29", "end": "00:16:37", "text": "programmed to run until the year 2,140. Now,�\nthat is a 131-year monetary policy set in stone,��"}, {"start": "00:16:37", "end": "00:16:42", "text": "written by an entity who then walked away from�\nthe project within 18 months of launching it.��"}, {"start": "00:16:42", "end": "00:16:48", "text": "No human institution has ever set a 131-year�\nmonetary policy and then left the building.��"}, {"start": "00:16:48", "end": "00:16:53", "text": "The Fed was established in 1913 and has changed�\nits mandate multiple times since then. The Bank��"}, {"start": "00:16:53", "end": "00:16:59", "text": "of England has rewritten its operating principles�\nrepeatedly across three centuries. Satoshi wrote��"}, {"start": "00:16:59", "end": "00:17:05", "text": "the rules once and never touched them again. The�\nthird in September 2021, El Salvador became the��"}, {"start": "00:17:05", "end": "00:17:11", "text": "first country in history to make Bitcoin legal�\ntender. In March 2025, President Donald Trump��"}, {"start": "00:17:11", "end": "00:17:17", "text": "signed an executive order creating a US strategic�\nBitcoin reserve. The United States government now��"}, {"start": "00:17:17", "end": "00:17:24", "text": "holds over 328,000 Bitcoin in a federal vault. A�\npiece of software written by an anonymous stranger��"}, {"start": "00:17:24", "end": "00:17:30", "text": "in 2008, published on a mailing list nobody read,�\nis now a strategic asset of the largest superpower��"}, {"start": "00:17:30", "end": "00:17:37", "text": "in the world. The fourth, in January 2024, the�\nSEC approved spot Bitcoin ETFs. As of last week,��"}, {"start": "00:17:37", "end": "00:17:44", "text": "those ETFs hold over $11 billion in assets under�\nmanagement. Black Rockck's IBID fund alone holds��"}, {"start": "00:17:44", "end": "00:17:49", "text": "66 billion. It reached 80 billion in assets faster�\nthan any ETF in the history of the financial��"}, {"start": "00:17:49", "end": "00:17:54", "text": "industry. The world's largest asset manager,�\nLarry Frink, who once called crypto an index��"}, {"start": "00:17:54", "end": "00:18:00", "text": "of moneyaundering, is now the single largest�\nnon-Satoshi holder of Bitcoin on the planet.��"}, {"start": "00:18:00", "end": "00:18:06", "text": "The persecutor became the buyer once again.�\nThe fifth Satoshi disappeared in April 2011,��"}, {"start": "00:18:06", "end": "00:18:11", "text": "before Bitcoin became politically significant�\nenough to attract serious government attention.��"}, {"start": "00:18:11", "end": "00:18:16", "text": "Before the regulatory environment had any reason�\nto look for him, before the dollar value of his��"}, {"start": "00:18:16", "end": "00:18:20", "text": "holdings became large enough to make him�\na target, he timed his departure the same��"}, {"start": "00:18:20", "end": "00:18:27", "text": "precision he timed his arrival. And number six,�\nthe ultimate one, Satoshi mined approximately 1.1��"}, {"start": "00:18:27", "end": "00:18:31", "text": "million Bitcoin in the first year of the network.�\nThe cryptographer Sergio Learner mapped this,��"}, {"start": "00:18:31", "end": "00:18:36", "text": "identifying a unique fingerprint in the mining�\nrhythm of the early blocks called the Poshi��"}, {"start": "00:18:36", "end": "00:18:43", "text": "pattern. At current valuations, that holding is�\nworth somewhere between 80 and $120 billion. It��"}, {"start": "00:18:43", "end": "00:18:48", "text": "has never moved. Not one Satoshi spent for 16�\nyears. A man who could have been one of the��"}, {"start": "00:18:48", "end": "00:18:55", "text": "10 wealthiest people on Earth has refused for�\n16 consecutive years to touch his own fortune.��"}, {"start": "00:18:55", "end": "00:19:04", "text": "Leaving hundred billion dollars untouched is not a�\nfinancial decision. It is however an act of faith."}, {"start": "00:19:04", "end": "00:19:10", "text": "Okay, the big one. You came for the alien theory�\nand I'm not going to insult your intelligence.��"}, {"start": "00:19:10", "end": "00:19:15", "text": "There are people, smart people, technically�\nliterate people who genuinely believe Satoshi��"}, {"start": "00:19:15", "end": "00:19:19", "text": "was an extraterrestrial or a man from the�\nfuture. Now, I'm not here to mock them. The��"}, {"start": "00:19:19", "end": "00:19:24", "text": "entire idea is to figure out how they came to�\nthis conclusion to begin with. So, let's try to��"}, {"start": "00:19:24", "end": "00:19:29", "text": "break it down because the mundane explanations�\nsimply stop working. Let me show you why. Now,��"}, {"start": "00:19:29", "end": "00:19:34", "text": "besides aliens and a man from the future, what the�\nbroader community of cryptographers, economists,��"}, {"start": "00:19:34", "end": "00:19:39", "text": "and the people who have spent the longest time�\nlooking at this problem are saying is something��"}, {"start": "00:19:39", "end": "00:19:45", "text": "simpler and possibly even stranger. Most of�\nwhat Satoshi proposed in 2008 was dismissed��"}, {"start": "00:19:45", "end": "00:19:50", "text": "by the conventional wisdom of the time. He was�\nlaughed at on the cryptography mailing list where��"}, {"start": "00:19:50", "end": "00:19:56", "text": "he posted the white paper. We very very much need�\nsuch a system, one prominent cryptographer wrote��"}, {"start": "00:19:56", "end": "00:20:02", "text": "in reply. But the way I understand your proposal,�\nit does not seem to scale to the required size.��"}, {"start": "00:20:02", "end": "00:20:07", "text": "Another James Donald wrote, you will not�\nfind a solution to political problems in��"}, {"start": "00:20:07", "end": "00:20:13", "text": "cryptography. Now, these were not stupid people.�\nThey were the leading cryptographers on earth,��"}, {"start": "00:20:13", "end": "00:20:18", "text": "and they were wrong about almost every objection�\nthey raised. Here we are 16 years later, and what��"}, {"start": "00:20:18", "end": "00:20:24", "text": "Satoshi got right is inexplicable. He predicted�\ninstitutional adoption. In a 2010 forum post,��"}, {"start": "00:20:24", "end": "00:20:29", "text": "he wrote that the network would eventually need�\nto be held by banks and exchanges that hold��"}, {"start": "00:20:29", "end": "00:20:36", "text": "reserves of Bitcoin. The ETF approval in 2024�\nwas the literal fulfillment of that sentence.��"}, {"start": "00:20:36", "end": "00:20:41", "text": "He predicted nation state adoption. In multiple�\nforum posts, he discussed how governments would��"}, {"start": "00:20:41", "end": "00:20:48", "text": "eventually be unable to ignore the network. El�\nSalvador in 2021, the United States in 2025. He��"}, {"start": "00:20:48", "end": "00:20:54", "text": "predicted the energy migration in December 2010.�\nIn a thread on mining, he wrote that hash power��"}, {"start": "00:20:54", "end": "00:20:59", "text": "would naturally concentrate wherever electricity�\nwas cheapest. That Bitcoin would become a global��"}, {"start": "00:20:59", "end": "00:21:05", "text": "market for standard energy. Today, Bitcoin mining�\nis the largest single buyer of flared natural gas��"}, {"start": "00:21:05", "end": "00:21:09", "text": "in North America and is being integrated with�\nnuclear base load by multiple sovereign energy��"}, {"start": "00:21:09", "end": "00:21:15", "text": "programs. He predicted the block size war in 2010�\nwhen he was asked about scaling. He wrote that��"}, {"start": "00:21:15", "end": "00:21:20", "text": "the network would eventually face a debate about�\nblock size and that this debate would be social,��"}, {"start": "00:21:20", "end": "00:21:26", "text": "not technical. In 2017, the network split�\nexactly along those lines, producing Bitcoin��"}, {"start": "00:21:26", "end": "00:21:32", "text": "Cash. And then the one that nobody talks about,�\nbut should, he predicted the quantum problem. In��"}, {"start": "00:21:32", "end": "00:21:39", "text": "a Bitcoin talk thread on June 10th, 2010, Satoshi�\nwrote, \"Sh 256 is very strong. It's not like the��"}, {"start": "00:21:39", "end": "00:21:45", "text": "incremental step from MD5 to SHA 1. It can last�\nseveral decades unless there's some massive��"}, {"start": "00:21:45", "end": "00:21:50", "text": "breakthrough attack. If SHA 256 became completely�\nbroken, I think we could come to some agreement��"}, {"start": "00:21:50", "end": "00:21:55", "text": "about what the honest blockchain was before the�\ntrouble started, lock that in, and continue from��"}, {"start": "00:21:55", "end": "00:22:01", "text": "there with a new hash function. He then outlined�\nin plain text exactly how the network could be��"}, {"start": "00:22:01", "end": "00:22:07", "text": "migrated to a new cryptographic primitive via a�\ncoordinated soft 15 years before NIST published��"}, {"start": "00:22:07", "end": "00:22:14", "text": "its postquantum cryptography standards in August�\n2024. Satoshi was in 2010 writing the migration��"}, {"start": "00:22:14", "end": "00:22:20", "text": "plan for a problem that the United States federal�\ngovernment would not fully acknowledge until 2024,��"}, {"start": "00:22:20", "end": "00:22:26", "text": "a decade and a half later. You see, the set of�\npeople in 2008 who were worldclass cryptographers��"}, {"start": "00:22:26", "end": "00:22:32", "text": "is small, probably a few hundred globally. The set�\nwho were also distributed system engineers capable��"}, {"start": "00:22:32", "end": "00:22:37", "text": "of solving the double spend problem which had�\ndefeated computer scientists for multiple decades��"}, {"start": "00:22:37", "end": "00:22:44", "text": "is much much smaller, perhaps a few dozen. The set�\nwere also Austrian school economists capable of��"}, {"start": "00:22:44", "end": "00:22:50", "text": "designing a 131-year deflationary monetary policy.�\nEven smaller by now we should be able to count��"}, {"start": "00:22:50", "end": "00:22:56", "text": "them on a single hand. But it gets more extreme.�\nThe set who were also game theorists who could��"}, {"start": "00:22:56", "end": "00:23:02", "text": "align incentives across a trustless leaderless�\nnetwork for 16 years without a critical failure.��"}, {"start": "00:23:02", "end": "00:23:07", "text": "The set were also political philosophers�\ncapable of embedding a coherent critique��"}, {"start": "00:23:07", "end": "00:23:13", "text": "of central banking into the foundational data of�\ntheir own creation. The set who also forecasted��"}, {"start": "00:23:13", "end": "00:23:19", "text": "quantum resistant migration path 15 years before�\nNIST published its own postquantum cryptography��"}, {"start": "00:23:19", "end": "00:23:24", "text": "standards. and the set who could do all of that�\njust mentioned with no visible learning curve,��"}, {"start": "00:23:24", "end": "00:23:31", "text": "no failed prototypes, no public alphas on the�\nfirst try with a code so clean that Dan Kaminsky,��"}, {"start": "00:23:31", "end": "00:23:35", "text": "the security researcher who in 2008 found�\nthe flaw that nearly broke the entire global��"}, {"start": "00:23:35", "end": "00:23:41", "text": "internet tried to hack Bitcoin and came back�\nempty-handed, calling the code impenetrable,��"}, {"start": "00:23:41", "end": "00:23:46", "text": "and who also had the psychological discipline�\nto abandon the project, give up the credit,��"}, {"start": "00:23:46", "end": "00:23:52", "text": "and leave hundred billion dollars untouched in a�\nwallet for 16 years that intersection should be��"}, {"start": "00:23:52", "end": "00:24:00", "text": "empty. It is empty and yet it produced exactly one�\nperson. That is what the alien theory is actually��"}, {"start": "00:24:00", "end": "00:24:06", "text": "saying. Not that Satoshi was from another planet,�\nbut that no human being in 2008 plausibly held all��"}, {"start": "00:24:06", "end": "00:24:12", "text": "of this knowledge simultaneously. Even if it was�\nan entire group of people, the ven diagram has no��"}, {"start": "00:24:12", "end": "00:24:18", "text": "center. And yet the work exists. This is what the�\ntime traveler theory is actually saying. Not that��"}, {"start": "00:24:18", "end": "00:24:24", "text": "Satoshi physically traveled through time. That the�\nforesight is too precise. That the 2008 timing,��"}, {"start": "00:24:24", "end": "00:24:30", "text": "the 131ear schedule, the 2010 quantum migration�\nplan, the prediction of the exact failure models��"}, {"start": "00:24:30", "end": "00:24:35", "text": "the network would later face. These read less�\nlike guesses and more like memories. As if someone��"}, {"start": "00:24:35", "end": "00:24:40", "text": "arrived already knowing the answers. Now, there�\nare three plausible candidates for who Satoshi��"}, {"start": "00:24:40", "end": "00:24:47", "text": "actually was, and none of them are comfortable.�\nThe first is the lone savant. A single human being��"}, {"start": "00:24:47", "end": "00:24:53", "text": "who happened to combine every required field�\nat worldclass level simultaneously in total��"}, {"start": "00:24:53", "end": "00:24:59", "text": "secrecy with the psychological constitution�\nof a saint. Is it possible? Technically yes.��"}, {"start": "00:24:59", "end": "00:25:04", "text": "History does produce once a century polymaths.�\nNewton invented calculus and rewrote physics.��"}, {"start": "00:25:04", "end": "00:25:10", "text": "In the same decade forman made foundational�\ncontributions to quantum mechanics, game theory��"}, {"start": "00:25:10", "end": "00:25:15", "text": "and computer architecture simultaneously. But�\neven forman had colleagues, had correspondence,��"}, {"start": "00:25:15", "end": "00:25:20", "text": "had a visible intellectual development that�\nhistorians can trace across decades of academic��"}, {"start": "00:25:20", "end": "00:25:27", "text": "output. Satoshi had none of that. No prior papers,�\nno failed attempts, no learning curve, no mentor,��"}, {"start": "00:25:27", "end": "00:25:34", "text": "no correspondence outside of the 18 months he�\nwas active. The lone Sabant hypothesis requires��"}, {"start": "00:25:34", "end": "00:25:39", "text": "a genius so extreme that even Vonoyman stops�\nfeeling like a useful comparison. The second��"}, {"start": "00:25:39", "end": "00:25:46", "text": "is the cipher punk collective. Beck, D, Sabo,�\nFinny, and possibly others working together on��"}, {"start": "00:25:46", "end": "00:25:51", "text": "a shared synonym, each contributing their area of�\nexpertise. The combined ven diagram suddenly has��"}, {"start": "00:25:51", "end": "00:25:56", "text": "a center. This is the hypothesis that comes�\nclosest to being comfortable. It's the one��"}, {"start": "00:25:56", "end": "00:26:02", "text": "I'd like to believe because it keeps Satoshi�\nhuman, but it has one fatal flaw that no one��"}, {"start": "00:26:02", "end": "00:26:06", "text": "has ever answered properly. Every collective�\nof more than two people in human history,��"}, {"start": "00:26:06", "end": "00:26:10", "text": "has eventually leaked. The Manhattan Project,�\nthe most tightly controlled secret operation in��"}, {"start": "00:26:10", "end": "00:26:16", "text": "American history involving thousands of scientists�\non a military discipline with active counter��"}, {"start": "00:26:16", "end": "00:26:22", "text": "intelligence leaked within years. Klaus folks,�\nthe Rosenbergs, David Greenlass. The cipher punk��"}, {"start": "00:26:22", "end": "00:26:27", "text": "collective hypothesis requires perfect operational�\nsecurity across multiple people sustained��"}, {"start": "00:26:27", "end": "00:26:33", "text": "for over 16 years with no leak, no deathbed�\nconfession, no accidentally revealing detail,��"}, {"start": "00:26:33", "end": "00:26:39", "text": "no styometric slip across a group of people who�\nwere not on a military discipline who communicated��"}, {"start": "00:26:39", "end": "00:26:45", "text": "digitally and at least one of whom is now dead.�\nHelfini died in 2014. He communicated through eye��"}, {"start": "00:26:45", "end": "00:26:50", "text": "movements at the end. So if he was part of this�\ncollective, he took it with him with a level of��"}, {"start": "00:26:50", "end": "00:26:56", "text": "discipline that exceeds anything ever documented�\nin the history of human secrets. And the third,��"}, {"start": "00:26:56", "end": "00:27:02", "text": "that's the one most Bitcoiners refuse to discuss.�\nIn 1996, the US National Security Agency published��"}, {"start": "00:27:02", "end": "00:27:08", "text": "a paper titled How to Make a Mint: The�\nCryptography of Anonymous Electronic Cash.��"}, {"start": "00:27:08", "end": "00:27:14", "text": "That paper described in broadstrokes a system for�\ndigital money. The SHA 256 hashing algorithm at��"}, {"start": "00:27:14", "end": "00:27:20", "text": "the heart of Bitcoin was designed by the NSA. Now,�\nI'm not telling you the NSA built Bitcoin. I am��"}, {"start": "00:27:20", "end": "00:27:26", "text": "telling you that 15 years of cipher punks cannot�\nrule it out. And the inability to rule this out��"}, {"start": "00:27:26", "end": "00:27:32", "text": "is itself the data point. So, the lone savant�\nrequires a once in a century interdisciplinary��"}, {"start": "00:27:32", "end": "00:27:38", "text": "genius with the temperament to disappear. The�\ncollective requires perfect operational security��"}, {"start": "00:27:38", "end": "00:27:44", "text": "across multiple people for over a decade and�\na half. And the third option requires you to��"}, {"start": "00:27:44", "end": "00:27:49", "text": "believe in something most Bitcoiners cannot�\nstomach. Now, pick one. This is why the alien��"}, {"start": "00:27:49", "end": "00:27:53", "text": "and time travel theories exist. Not because�\nanyone literally believes them, but because��"}, {"start": "00:27:53", "end": "00:27:59", "text": "once you have ruled out the mundane explanations,�\nthe supernatural ones become the only honest way��"}, {"start": "00:27:59", "end": "00:28:04", "text": "to describe the size of the gap between what�\nshould be possible and what actually happened."}, {"start": "00:28:07", "end": "00:28:13", "text": "Okay, so I'm now going to argue something harder�\nthan anything I've said so far. The religion is��"}, {"start": "00:28:13", "end": "00:28:19", "text": "not a side effect of Bitcoin success. The religion�\nis the reason for Bitcoin success. Without the��"}, {"start": "00:28:19", "end": "00:28:24", "text": "messianic absence, Bitcoin is just another altcoin�\nwith a clever consensus mechanism. With it,��"}, {"start": "00:28:24", "end": "00:28:29", "text": "Bitcoin is something no other crypto asset�\non Earth can compete with. And I want to��"}, {"start": "00:28:29", "end": "00:28:33", "text": "be careful here because there are reasonable�\ncounterarguments. You could call what I'm about to��"}, {"start": "00:28:33", "end": "00:28:38", "text": "describe Lindy. The longer something has existed,�\nthe longer it is likely to continue existing. You��"}, {"start": "00:28:38", "end": "00:28:44", "text": "could call it the network effect, where the first�\nmover in any technology compounds advantages over��"}, {"start": "00:28:44", "end": "00:28:49", "text": "time. You could call it path dependence, the�\nhistorical accident that Bitcoin happened to be��"}, {"start": "00:28:49", "end": "00:28:55", "text": "first. And each of these makes a real case. Each�\nof them is part of the answer. But none of them,��"}, {"start": "00:28:55", "end": "00:29:01", "text": "not a single one on their own, explain a�\n$1.6 trillion market cap. Lindy applies to��"}, {"start": "00:29:01", "end": "00:29:06", "text": "plenty of older crypto projects that died.�\nNetwork effects apply to Frenster, Yahoo,��"}, {"start": "00:29:06", "end": "00:29:11", "text": "and MySpace. Path dependence does not explain�\nwhy nation states keep choosing Bitcoin and��"}, {"start": "00:29:11", "end": "00:29:17", "text": "not the other 20,000 alternatives. There's one�\nmore thing, and it has nothing to do with the��"}, {"start": "00:29:17", "end": "00:29:23", "text": "technology. Let's start with the legal mode. Every�\nother major cryptocurrency has a founder you can��"}, {"start": "00:29:23", "end": "00:29:30", "text": "subpoena. Ethereum has Vitilik Bhutan. Solana has�\nAnatoli Yakovveneno. Kadano has Charles Hoskinson.��"}, {"start": "00:29:30", "end": "00:29:36", "text": "When Gary Gensler's SEC went in the offensive�\nagainst the crypto industry between 21 and 2024,��"}, {"start": "00:29:36", "end": "00:29:42", "text": "every project with a visible founder got hit.�\nLawsuits, wells notices, forced settlements.��"}, {"start": "00:29:42", "end": "00:29:48", "text": "Bitcoin did not get hit because there is no one�\nto hit. Satoshi's absence is not just poetry. It��"}, {"start": "00:29:48", "end": "00:29:53", "text": "is the most valuable legal architecture in the�\nhistory of digital finance. You cannot serve a��"}, {"start": "00:29:53", "end": "00:29:58", "text": "subpoena on a ghost. You cannot pressure a man�\nwho has not been seen in 14 years. You cannot��"}, {"start": "00:29:58", "end": "00:30:05", "text": "extract a settlement from someone who has refused�\nto claim $100 billion. The SEC's own framework��"}, {"start": "00:30:05", "end": "00:30:12", "text": "for classifying a token as a security. How we test�\ndepends on the existence of an identifiable common��"}, {"start": "00:30:12", "end": "00:30:17", "text": "enterprise. Bitcoin has no common enterprise.�\nIt has no CEO, no foundation, no marketing��"}, {"start": "00:30:17", "end": "00:30:23", "text": "department, no roadmap meetings. It is legally�\nan orphan. Every other crypto founder enies this��"}, {"start": "00:30:23", "end": "00:30:29", "text": "and none of them can replicate it. The window�\nclosed in 2011 when Satoshi walked away. Now the��"}, {"start": "00:30:29", "end": "00:30:36", "text": "credibility mode. There are 1.1 million Bitcoin in�\nSatoshi's wallets. They have never moved. Compare��"}, {"start": "00:30:36", "end": "00:30:41", "text": "this to literally any other monetary system. The�\nFederal Reserve can print dollars. The European��"}, {"start": "00:30:41", "end": "00:30:46", "text": "Central Bank can print euros. The Ethereum�\nFoundation can and has changed Ethereum's��"}, {"start": "00:30:46", "end": "00:30:51", "text": "monetary policy multiple times, including the�\ntransition from proof of work to proof of stake,��"}, {"start": "00:30:51", "end": "00:30:58", "text": "including EIP1559, including the elimination of�\nissuance. In every fiat system, and every other��"}, {"start": "00:30:58", "end": "00:31:03", "text": "crypto system, there is someone who can change the�\nrules, someone you have to trust to not abuse the��"}, {"start": "00:31:03", "end": "00:31:09", "text": "power, someone whose incentives must be aligned�\nwith yours, or you are at risk. In Bitcoin, that��"}, {"start": "00:31:09", "end": "00:31:15", "text": "someone does not exist. The 21 million cap cannot�\nbe raised because there is no one to raise it. The��"}, {"start": "00:31:15", "end": "00:31:21", "text": "halving schedule cannot be paused because there�\nis no one to pause it. And the 1.1 million coins��"}, {"start": "00:31:21", "end": "00:31:26", "text": "cannot be dumped because the person who owns them�\nhas for 16 consecutive years demonstrated that he��"}, {"start": "00:31:26", "end": "00:31:31", "text": "will not touch them. This is what religious�\ntexts have that political documents do not.��"}, {"start": "00:31:31", "end": "00:31:37", "text": "You cannot edit the Quran. You cannot patch the�\nTorah. You cannot amend the Bhagat Gita. The text��"}, {"start": "00:31:37", "end": "00:31:44", "text": "is fixed because the author is unreachable and the�\nunreachability is the source of authority. Bitcoin��"}, {"start": "00:31:44", "end": "00:31:49", "text": "is the only monetary system in human history whose�\nfoundational text cannot be amended because the��"}, {"start": "00:31:49", "end": "00:31:54", "text": "founder is gone and the believers will not allow�\nit. That is religious property not technical��"}, {"start": "00:31:54", "end": "00:32:00", "text": "property. Now the theological mode and this is the�\none almost nobody on western crypto channels talks��"}, {"start": "00:32:00", "end": "00:32:07", "text": "about. In 2018, Shik Mui Muhammed Abu Bakar,�\na respected Islamic scholar, issued one of the��"}, {"start": "00:32:07", "end": "00:32:13", "text": "first major fatwas declaring Bitcoin permissible�\nunder Sharia law. He called it halal. Since then,��"}, {"start": "00:32:13", "end": "00:32:18", "text": "scholars across Indonesia, Bahin, the United�\nArab Emirates, and Malaysia have followed. The��"}, {"start": "00:32:18", "end": "00:32:24", "text": "Securities Commission of Malaysia issued formal�\nSharia advisory guidance on digital assets in the��"}, {"start": "00:32:24", "end": "00:32:29", "text": "years since. Multiple Gulf states have approved�\nSharia compliant Bitcoin investment products. Now��"}, {"start": "00:32:29", "end": "00:32:34", "text": "the reasoning for this is theological and it's�\nworth understanding. Islamic finance prohibits��"}, {"start": "00:32:34", "end": "00:32:40", "text": "reeba that's interest or any return generated�\nwithout productive work. It prohibits gar that's��"}, {"start": "00:32:40", "end": "00:32:45", "text": "excessive uncertainty about what is actually being�\ntransacted and it prohibits investments in assets��"}, {"start": "00:32:45", "end": "00:32:52", "text": "whose underlying business is haram like alcohol�\ngambling or weapons. Bitcoin has no reba. There��"}, {"start": "00:32:52", "end": "00:32:57", "text": "is no interest payment to anyone. The block reward�\nis compensation for actual computational work.��"}, {"start": "00:32:57", "end": "00:33:03", "text": "the most literal form of productive labor a�\ndigital asset can offer. Bitcoin has no gar. The��"}, {"start": "00:33:03", "end": "00:33:08", "text": "supply schedule is fixed and transparent. Every�\nparticipant knows exactly how many coins exist,��"}, {"start": "00:33:08", "end": "00:33:13", "text": "exactly when the next will be issued, and exactly�\nwhen the last will be mined. And Bitcoin has no��"}, {"start": "00:33:13", "end": "00:33:19", "text": "underlying haram business. It is in Islamic�\nterms just money. Comparable to the prophet's��"}, {"start": "00:33:19", "end": "00:33:25", "text": "own preference for gold and silver as sound�\ncurrency. Now compare this to almost every other��"}, {"start": "00:33:25", "end": "00:33:30", "text": "crypto asset. Ethereum staking yields look like�\nreeba passive return without productive work. Most��"}, {"start": "00:33:30", "end": "00:33:37", "text": "defy protocols are riddled with garan derivatives�\nleveraged farming complex synthetic exposures and��"}, {"start": "00:33:37", "end": "00:33:42", "text": "so on. Stable coins backed by US treasuries�\nare theologically contaminated because their��"}, {"start": "00:33:42", "end": "00:33:48", "text": "backing generates interest. So the entire altcoin�\nlandscape is by the most common readings of Sharia��"}, {"start": "00:33:48", "end": "00:33:54", "text": "problematic. Bitcoin almost uniquely threads the�\nneedle. Now, this means that roughly two billion��"}, {"start": "00:33:54", "end": "00:34:00", "text": "Muslims globally now have a religious framework�\nthat permits Bitcoin specifically and rejects��"}, {"start": "00:34:00", "end": "00:34:05", "text": "most of its competitors. And here's the parallel�\nyou would expect. The same is increasingly true��"}, {"start": "00:34:05", "end": "00:34:10", "text": "in Christian theology. Bitcoin maximalists�\nlike Jimmy Song frame Bitcoin in explicitly��"}, {"start": "00:34:10", "end": "00:34:16", "text": "Christian moral terms. Contrasting fiat senior�\nwith biblical condemnations of debased currency.��"}, {"start": "00:34:16", "end": "00:34:22", "text": "A false balance is an abdomination to the Lord,�\nbut a just weight is his delight, writes the��"}, {"start": "00:34:22", "end": "00:34:27", "text": "author of Proverbs 11:1. For two millennia, that�\nverse was applied to merchants who tampered with��"}, {"start": "00:34:27", "end": "00:34:33", "text": "scales. Bitcoiners apply to central banks who�\ntamper with money. The structural point is��"}, {"start": "00:34:33", "end": "00:34:38", "text": "this. Bitcoin is the only monetary asset in human�\nhistory that has been independently validated as��"}, {"start": "00:34:38", "end": "00:34:43", "text": "religiously acceptable by multiple major world�\nreligions, while its closest competitors are��"}, {"start": "00:34:43", "end": "00:34:49", "text": "theologically suspect across those same religions.�\nThat is not a coincidence. That is a moat. A two��"}, {"start": "00:34:49", "end": "00:34:54", "text": "billion person moat in the Islamic world. A two�\nbillion person moat in the Christian world. And��"}, {"start": "00:34:54", "end": "00:34:59", "text": "the moes reinforce each other because the same�\nproperties that make Bitcoin halal also make it��"}, {"start": "00:34:59", "end": "00:35:05", "text": "morally legible to Christians worried about fiat�\ndebasement. No other digital asset can replicate��"}, {"start": "00:35:05", "end": "00:35:10", "text": "this. The window to launch a halal Ethereum�\nor Christian compatible Solana closed years��"}, {"start": "00:35:10", "end": "00:35:14", "text": "ago because the scholars have already ruled�\non the underlying mechanics and the mechanics��"}, {"start": "00:35:14", "end": "00:35:19", "text": "of every other major chain failed the test. The�\ntheological mode is not separate from the legal��"}, {"start": "00:35:19", "end": "00:35:26", "text": "mode or the credibility mode. It is downstream of�\nthe same property. The absence of a founder, the��"}, {"start": "00:35:26", "end": "00:35:31", "text": "absence of dilution, the absence of someone who�\ncan change the rules. Religion does not describe��"}, {"start": "00:35:31", "end": "00:35:37", "text": "Bitcoin's user base. Religion describes Bitcoin's�\naddressable market. And now the price. Bitcoin��"}, {"start": "00:35:37", "end": "00:35:43", "text": "trades at a market cap of $1.6 trillion. The next�\nlargest cryptocurrency, Ethereum, trades at less��"}, {"start": "00:35:43", "end": "00:35:48", "text": "than a fifth of that. In raw technical terms, this�\nmakes no sense. Bitcoin is slower than Ethereum,��"}, {"start": "00:35:48", "end": "00:35:54", "text": "less programmable, less flexible, less useful for�\nthe vast majority of crypto applications. Dozens��"}, {"start": "00:35:54", "end": "00:35:58", "text": "of neo networks have higher throughput,�\nlower fees, and richer feature sets. So,��"}, {"start": "00:35:58", "end": "00:36:04", "text": "why does Bitcoin trade at the 5:1 premium to the�\nclosest competitor? Lindy gets you part of the��"}, {"start": "00:36:04", "end": "00:36:09", "text": "way there. Sure, Network effects get you part of�\ntheir way there as well, and path dependence gets��"}, {"start": "00:36:09", "end": "00:36:14", "text": "you part of the way there as well. But the rest�\nis faith. Shelling Point Consensus, religious��"}, {"start": "00:36:14", "end": "00:36:20", "text": "gravity. Bitcoin holders do not hold because�\nthe technology is the best. They hold because��"}, {"start": "00:36:20", "end": "00:36:26", "text": "the story is the best. The story of the anonymous�\nfounder. The story of the prophecies fulfilled.��"}, {"start": "00:36:26", "end": "00:36:30", "text": "The story of the hundred billion dollars left�\nuntouched. The story that no other crypto asset��"}, {"start": "00:36:30", "end": "00:36:36", "text": "can ever replicate because the conditions that�\nproduced it cannot be recreated. The huddle meme,��"}, {"start": "00:36:36", "end": "00:36:41", "text": "hold on for dear life. That's not a trading�\nstrategy. It is a religious practice. It is��"}, {"start": "00:36:41", "end": "00:36:46", "text": "a monastic discipline. It is the willingness to�\nendure an 80% draw down without selling because��"}, {"start": "00:36:46", "end": "00:36:51", "text": "you believe in something larger than the price.�\nEvery other crypto investor sells in a bare market��"}, {"start": "00:36:51", "end": "00:36:57", "text": "because they are investors. Bitcoin investors�\nhold because they are believers. And that is��"}, {"start": "00:36:57", "end": "00:37:02", "text": "the big difference. That is why central banks are�\nstarting to buy Bitcoin and not Bitcoin cash. Why��"}, {"start": "00:37:02", "end": "00:37:07", "text": "El Salvador chose Bitcoin and not Solana. Why�\nBlack Rockck built an ETF for Bitcoin first.��"}, {"start": "00:37:07", "end": "00:37:13", "text": "Not because the technology is superior. Because�\nthe theology is superior. Bitcoin has a property��"}, {"start": "00:37:13", "end": "00:37:19", "text": "no other digital asset has and no other digital�\nasset can ever acquire. an unfindable founder, an��"}, {"start": "00:37:19", "end": "00:37:24", "text": "untouched fortune, a fulfilled prophetic record,�\nreligious validations across multiple faiths,��"}, {"start": "00:37:24", "end": "00:37:30", "text": "and a community of believers who would rather die�\nthan dilute the supply. Every other crypto asset��"}, {"start": "00:37:30", "end": "00:37:36", "text": "has founders who might cash out, and Bitcoin has a�\nmessiah who refuses to. There's one more important��"}, {"start": "00:37:36", "end": "00:37:41", "text": "detail we have to cover, and it is the part that�\nmakes the religious structure real for me. Not as��"}, {"start": "00:37:41", "end": "00:37:47", "text": "an academic thesis, but as a thing happening to�\nactual human beings right now. Halfinny is still��"}, {"start": "00:37:47", "end": "00:37:54", "text": "in that tank in Scottsdale, Arizona. His body has�\nbeen preserved at minus 196 degrees C for almost��"}, {"start": "00:37:54", "end": "00:37:59", "text": "12 years. The Alco Life Extension Foundation,�\nwhich holds him, is partially funded directly��"}, {"start": "00:37:59", "end": "00:38:05", "text": "and indirectly by the very Bitcoin network he�\nhelped create. Every haling that runs on schedule��"}, {"start": "00:38:05", "end": "00:38:10", "text": "extends the runway of his preservation. Every�\nprophecy that fulfills makes his resurrection��"}, {"start": "00:38:10", "end": "00:38:15", "text": "more economically possible. And every dollar�\nBitcoin appreciates is a dollar that in some real��"}, {"start": "00:38:15", "end": "00:38:21", "text": "accounting sense funds the chance that he might�\nactually come back. So he is in a way no other��"}, {"start": "00:38:21", "end": "00:38:27", "text": "believer can claim betting his actual body on the�\nreligion. This is what faith looks like when the��"}, {"start": "00:38:27", "end": "00:38:31", "text": "founder is gone. When the prophecies keep coming�\ntrue and when the believers refuse to let the��"}, {"start": "00:38:31", "end": "00:38:36", "text": "story end. This is why the academics at Berkeley�\nand Oxford are not making a metaphorical claim.��"}, {"start": "00:38:36", "end": "00:38:42", "text": "They are describing the loadbearing structural�\nfeature that produces the market cap. So the��"}, {"start": "00:38:42", "end": "00:38:48", "text": "religion is not on top of Bitcoin. The religion�\nis Bitcoin. Take away Satoshi's absence and you��"}, {"start": "00:38:48", "end": "00:38:52", "text": "have a centralized network. Take away the�\nuntouched coins and you have a founder who��"}, {"start": "00:38:52", "end": "00:38:58", "text": "can dump. Take away the prophecies and you�\nhave a coin without a story. Take away the��"}, {"start": "00:38:58", "end": "00:39:03", "text": "disciples and you have no transmission line for�\nfaith. Take away the theological validation and��"}, {"start": "00:39:03", "end": "00:39:08", "text": "you lose 4 billion potential believers across�\ntwo of the world's largest faiths. Take away��"}, {"start": "00:39:08", "end": "00:39:14", "text": "Halini in that tank and you lose the proof that�\nreal people are willing to wager their lives��"}, {"start": "00:39:14", "end": "00:39:22", "text": "on what's left. What remains if you strip the�\nreligion away is not Bitcoin. It is just code."}, {"start": "00:39:22", "end": "00:39:29", "text": "So why does this religion exist? Because the�\nmystery itself is the mechanism. A god you can��"}, {"start": "00:39:29", "end": "00:39:35", "text": "prove is not a god. He's just a man. Satoshi's�\npower comes from his absence. The unknowability��"}, {"start": "00:39:35", "end": "00:39:41", "text": "is the divinity. If we knew his name tomorrow, if�\nhe walked on stage a Bitcoin conference inside a��"}, {"start": "00:39:41", "end": "00:39:46", "text": "transaction from the Genesis block, Bitcoin would�\nlose something irreplaceable. Faith requires a��"}, {"start": "00:39:46", "end": "00:39:52", "text": "gap. And the gap in this case is the entire�\nidentity of the man or woman or alien or NSA��"}, {"start": "00:39:52", "end": "00:39:59", "text": "CIA time traveler who wrote the scripture. Every�\nfour years on schedule, Bitcoin supplies cut in��"}, {"start": "00:39:59", "end": "00:40:04", "text": "half and on every note on earth that London�\nTimes headline remains. The believers hold,��"}, {"start": "00:40:04", "end": "00:40:10", "text": "the prophecies fulfilled, and in a quiet building�\nin Scottsdale, Arizona, a man is waiting. So,��"}, {"start": "00:40:10", "end": "00:40:18", "text": "was Satoshi even human? We genuinely don't�\nknow. And that is exactly the point. As always,��"}, {"start": "00:40:18", "end": "00:40:24", "text": "thanks so much for watching, and I'll see�\nyou again very soon. This is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "On May 14th, the Senate Banking Committee voted�\n15 to9 to advance the Clarity Act. And somewhere��"}, {"start": "00:00:06", "end": "00:00:11", "text": "between right now and the end of this week, the�\nSEC is expected to release a rule almost nobody��"}, {"start": "00:00:11", "end": "00:00:17", "text": "in crypto media is actually properly covering.�\nIt's called the innovation exemption, and it's��"}, {"start": "00:00:17", "end": "00:00:24", "text": "the regulatory key that unlocks $30 trillion of�\nUS equities onto crypto rails. Tokenized stocks��"}, {"start": "00:00:24", "end": "00:00:30", "text": "and ETFs have ripped to a combined market value�\nreportedly approaching $1 billion. Black Rockck's��"}, {"start": "00:00:30", "end": "00:00:39", "text": "Bidd has crossed 2.5 billion in assets and DTCC,�\nthe entity that settles 4.7 quadrillion in annual��"}, {"start": "00:00:39", "end": "00:00:45", "text": "transactions, flips on its tokenization service�\nin July. But the truly extraordinary part is the��"}, {"start": "00:00:45", "end": "00:00:52", "text": "legal fight happening behind closed doors right�\nnow between Securitize, Citadel, and Cifma over��"}, {"start": "00:00:52", "end": "00:00:58", "text": "a single question that determines who actually�\ncaptures this entire trade. So, in the next 15��"}, {"start": "00:00:58", "end": "00:01:02", "text": "minutes, I'll walk you through exactly what the�\ninnovation exemption does, dismantle the third��"}, {"start": "00:01:02", "end": "00:01:08", "text": "party tokenization landmine that nobody is pricing�\nin, and lay out which tokens are positioned for��"}, {"start": "00:01:08", "end": "00:01:20", "text": "the flow when the floodgates open. My name�\nis Lewis and you're watching the Coin Bureau."}, {"start": "00:01:20", "end": "00:01:25", "text": "Now, before we get into the contrarian�\ncore, you need the terrain map because��"}, {"start": "00:01:25", "end": "00:01:30", "text": "this regulatory chessboard moving right now has�\nthree pieces in play simultaneously and they��"}, {"start": "00:01:30", "end": "00:01:37", "text": "all interact. Piece one is the SEC innovation�\nexemption itself. Put simply, it's a regulatory��"}, {"start": "00:01:37", "end": "00:01:43", "text": "sandbox that lets cryptonnative platforms list�\nand trade tokenized versions of stocks, bonds,��"}, {"start": "00:01:43", "end": "00:01:48", "text": "and private equity without forcing them through�\nfull broker dealer or exchange registration.��"}, {"start": "00:01:48", "end": "00:01:55", "text": "Chair Paul Atkins teased it at the Economic Club�\nof Washington on April 21st, saying the SEC is,��"}, {"start": "00:01:55", "end": "00:02:00", "text": "in his words, on the cusp of releasing an�\ninnovation exemption to begin facilitating the��"}, {"start": "00:02:00", "end": "00:02:06", "text": "trading of tokenized securities on chain. The rule�\nis currently sitting at the Office of Information��"}, {"start": "00:02:06", "end": "00:02:12", "text": "and Regulatory Affairs inside the White House for�\nfinal review and that review window is closing��"}, {"start": "00:02:12", "end": "00:02:18", "text": "this week. Piece two is the Clarity Act, which�\nas I just mentioned cleared Senate Banking 15��"}, {"start": "00:02:18", "end": "00:02:25", "text": "to9 on May 14th with all 13 Republicans plus�\nSenators Gallo and also Brooks voting yes.��"}, {"start": "00:02:25", "end": "00:02:31", "text": "That bill splits jurisdiction between the SEC�\nand the CFTC, codifies Bitcoin, Ethereum, Salana,��"}, {"start": "00:02:31", "end": "00:02:38", "text": "and XRP as digital commodities, and creates new�\nATS license categories that dovetail directly��"}, {"start": "00:02:38", "end": "00:02:45", "text": "with the innovation exemption. Piece three is the�\nDTCC's tokenization service, operating under a��"}, {"start": "00:02:45", "end": "00:02:51", "text": "three-year noa action letter granted in December�\nof 2025 with limited production trades starting��"}, {"start": "00:02:51", "end": "00:02:56", "text": "in July and full commercial launch in October.�\nStack those three together and what you have��"}, {"start": "00:02:56", "end": "00:03:02", "text": "is a fully loaded runway where the exemption�\nis the throttle, clarity is the legal floor,��"}, {"start": "00:03:02", "end": "00:03:08", "text": "and DTCC is the actual settlement plumbing. Which�\nbrings us directly to the part most coverage gets��"}, {"start": "00:03:08", "end": "00:03:15", "text": "wrong. The infrastructure is already live. NASDAQ�\nreceived SEC approval in March to trade tokenized��"}, {"start": "00:03:15", "end": "00:03:22", "text": "versions of Russell 1000 stocks and ETPs on the�\nsame order books as traditional shares with T+1��"}, {"start": "00:03:22", "end": "00:03:29", "text": "settlement preserved. NYSE got its own approval�\nin April for a 247 onchain settlement platform��"}, {"start": "00:03:29", "end": "00:03:35", "text": "and they tapped Securitize to build it. Robin�\nHood launched tokenized US equities in Europe��"}, {"start": "00:03:35", "end": "00:03:42", "text": "back in June 2025 and is currently developing�\nits own layer 2 specifically for RWAS. Kraken's��"}, {"start": "00:03:42", "end": "00:03:49", "text": "XST stocks product built off their acquisitions of�\nBacked Finance and Magna has done over $2 billion��"}, {"start": "00:03:49", "end": "00:03:55", "text": "in commulative transaction volume by February and�\nit's now integrated with platforms including Bybit��"}, {"start": "00:03:55", "end": "00:04:02", "text": "Gate.io and Deutsch Boris's 360X venue extending�\nits reach across more than 100 tokenized equities��"}, {"start": "00:04:02", "end": "00:04:09", "text": "and ETFs. And then there's Black Rocks Bidd,�\nwhich just secured a AAA MF rating from Moody's��"}, {"start": "00:04:09", "end": "00:04:14", "text": "and gained a1 billion dollar liquidity facility�\nfrom Grove's basin network for instant stable��"}, {"start": "00:04:14", "end": "00:04:19", "text": "coin redemptions. You might assume this is just�\nthe same legacy financial system getting a code��"}, {"start": "00:04:19", "end": "00:04:24", "text": "of blockchain paint. However, that assumption�\nignores who is actually fighting whom inside��"}, {"start": "00:04:24", "end": "00:04:28", "text": "the SEC right now because the most consequential�\nquestion in this entire framework has nothing to��"}, {"start": "00:04:28", "end": "00:04:34", "text": "do with infrastructure. It actually has to do with�\npermission. So, here's the contrarian core that��"}, {"start": "00:04:34", "end": "00:04:40", "text": "almost nobody on crypto Twitter is paying proper�\nattention to. Can a platform tokenize a publicly��"}, {"start": "00:04:40", "end": "00:04:46", "text": "traded stock without the issuers's permission?�\nThat's it. That's the single legal question that��"}, {"start": "00:04:46", "end": "00:04:52", "text": "determines who captures the trillions of dollars�\nabout to flow onto these rails. The innovation��"}, {"start": "00:04:52", "end": "00:04:57", "text": "exemption, as currently structured, reportedly�\nanswers yes, at least conditionally. And that��"}, {"start": "00:04:57", "end": "00:05:03", "text": "has set off a quiet war between three of the most�\npowerful players in this space. On the one side,��"}, {"start": "00:05:03", "end": "00:05:09", "text": "you have Securitize, Black Rockck's primary�\ntokenization partner, the platform building NYC's��"}, {"start": "00:05:09", "end": "00:05:15", "text": "24/7 trading layer, and the firm whose business�\nmodel is built entirely on issuer authorized��"}, {"start": "00:05:15", "end": "00:05:21", "text": "tokenization. Securitize President Brett Redfirm,�\nwho used to run the SEC's division of trading and��"}, {"start": "00:05:21", "end": "00:05:26", "text": "markets, has gone public with a warning. And�\nI want you to actually sit with what he said.��"}, {"start": "00:05:26", "end": "00:05:32", "text": "quote, \"If third parties can tokenize Apple�\nor Amazon without the issuer at the table,��"}, {"start": "00:05:32", "end": "00:05:38", "text": "there's no theoretical limit on how many rappers�\nof the same company exist at once. This could��"}, {"start": "00:05:38", "end": "00:05:44", "text": "create a whole new level of market fragmentation�\nand leave investors less certain of what their��"}, {"start": "00:05:44", "end": "00:05:49", "text": "shares are actually worth at any moment.\" Think�\nabout what that actually means for a second,��"}, {"start": "00:05:49", "end": "00:05:55", "text": "because the implication is enormous. Without�\nissuer consent, your tokenized Apple share has��"}, {"start": "00:05:55", "end": "00:06:01", "text": "a legal claim against the platform that wrapped�\nit, not against Apple and not against the DTCC's��"}, {"start": "00:06:01", "end": "00:06:06", "text": "official shareholder registry. In a bankruptcy�\nscenario, you are an unsecured creditor of the��"}, {"start": "00:06:06", "end": "00:06:12", "text": "platform. You are not an Apple shareholder. On the�\nother side, you have Citadel Securities and CFMA,��"}, {"start": "00:06:12", "end": "00:06:17", "text": "who met privately with the SEC's crypto task�\nforce back in January and formally opposed��"}, {"start": "00:06:17", "end": "00:06:24", "text": "the broad exemption framework. Their stated�\nconcerns are weakening of KYC and AML controls,��"}, {"start": "00:06:24", "end": "00:06:30", "text": "regulatory arbitrage between cryptonative and�\ntraditional exchanges, and the risk of disorderly��"}, {"start": "00:06:30", "end": "00:06:35", "text": "fragmented markets where the same underlying�\nstock trades at three different prices on three��"}, {"start": "00:06:35", "end": "00:06:40", "text": "different venues at the same time. And of course,�\nwe should absolutely trust that Citadel's concern��"}, {"start": "00:06:40", "end": "00:06:45", "text": "is purely about investor protection, definitely�\nnot about defending the centrality of the exact��"}, {"start": "00:06:45", "end": "00:06:50", "text": "clearing and execution infrastructure that they�\nhappen to dominate. Now, the honest framing is��"}, {"start": "00:06:50", "end": "00:06:56", "text": "that both sides have a point and both sides have�\na profit motive, but the structural consequences��"}, {"start": "00:06:56", "end": "00:07:01", "text": "are real either way. If the SEC sides with�\nthird party tokenization, the cryptonative��"}, {"start": "00:07:01", "end": "00:07:08", "text": "exchanges win. Kraken, Robin Hood, the XST stocks�\nmodel, the DeFi protocols, the public layer ones,��"}, {"start": "00:07:08", "end": "00:07:14", "text": "they all benefit because they can wrap any equity�\nwithout going through the issuer or the transfer��"}, {"start": "00:07:14", "end": "00:07:19", "text": "agent. If the SEC restricts the exemption�\nto issuer authorized tokens only, well,��"}, {"start": "00:07:19", "end": "00:07:26", "text": "Securitize wins, DTCC wins, the legacy compliance�\nstack wins, and the entire tokenized equity market��"}, {"start": "00:07:26", "end": "00:07:31", "text": "gets routed through the same intermediaries�\nthat already dominate the traditional system.��"}, {"start": "00:07:31", "end": "00:07:36", "text": "And that brings us to the question that every�\nviewer of this channel actually needs answered.��"}, {"start": "00:07:36", "end": "00:07:41", "text": "If this regulatory chessboard plays out, who�\nactually captures the flow? And by the way,��"}, {"start": "00:07:41", "end": "00:07:46", "text": "if you want our team's realtime read on which�\ntokens are positioned for the next regulatory��"}, {"start": "00:07:46", "end": "00:07:51", "text": "catalyst, the free Coinbeer newsletter is where�\nwe publish it first. And of course, the link for��"}, {"start": "00:07:51", "end": "00:07:57", "text": "that is down in the description. Now, let's get�\ninto some tokens. We'll start with Ono Finance.��"}, {"start": "00:07:57", "end": "00:08:06", "text": "Ono is sitting at 0.378, up a massive 48% in the�\nlast 30 days with a market cap of 1.19 billion.��"}, {"start": "00:08:06", "end": "00:08:12", "text": "Ono holds roughly 60% market share in tokenized�\nequity issuance and has institutional integrations��"}, {"start": "00:08:12", "end": "00:08:20", "text": "with BlackRock, Ripple, Mastercard, JP Morgan's�\nKexus and DTCC. They've acquired a US broker��"}, {"start": "00:08:20", "end": "00:08:26", "text": "dealer license, filed no action letters with the�\nSEC and partnered with Broadidge for voting pass��"}, {"start": "00:08:26", "end": "00:08:34", "text": "through to token holders. But here's the catch.�\nThat 48% move in 30 days, while Bitcoin is up 2.3%��"}, {"start": "00:08:34", "end": "00:08:40", "text": "and Ethereum is actually down 7.8% tells you�\nthe entire RWA narrative is being frontr run.��"}, {"start": "00:08:40", "end": "00:08:46", "text": "The market is already pricing in the exemption.�\nTraders are assuming these platforms will dominate��"}, {"start": "00:08:46", "end": "00:08:53", "text": "and they expect absolute perfection. If the�\nactual rule text disappoints or if it favors the��"}, {"start": "00:08:53", "end": "00:08:59", "text": "broader third party model and invites a wave of�\ncompetitors, that compliance mode narrows quickly.��"}, {"start": "00:08:59", "end": "00:09:08", "text": "Then there's MKR, the governance token of Sky�\nProtocol, formerly Maker Dow. MKR is at 1,726��"}, {"start": "00:09:08", "end": "00:09:15", "text": "with a market cap of 1.5 billion, down 11% over�\nthe same 30-day window. And here's a disconnect��"}, {"start": "00:09:15", "end": "00:09:21", "text": "that should make you pay attention. Sky Protocol�\nposted record Q1 revenue of approximately $124��"}, {"start": "00:09:21", "end": "00:09:28", "text": "million with RWA holdings inside the protocol�\nexceeding $1.5 billion sourced through entities��"}, {"start": "00:09:28", "end": "00:09:35", "text": "like Monatalis and Block Tower primarily as�\ntokenized Treasury collateral backing DAI and��"}, {"start": "00:09:35", "end": "00:09:42", "text": "USDS. Record revenue declining price. Either the�\nmarket sees execution risk in the sky rebrand and��"}, {"start": "00:09:42", "end": "00:09:47", "text": "the governance complexity or capital is simply�\nrotating out of legacy DeFi blue chips and into��"}, {"start": "00:09:47", "end": "00:09:53", "text": "specialized RWA infrastructure plays that�\nread cleaner on a thesis slide. And frankly,��"}, {"start": "00:09:53", "end": "00:10:02", "text": "both are happening at the same time. Another token�\nis link chain link is at $962 with a $6.81 billion��"}, {"start": "00:10:02", "end": "00:10:08", "text": "market cap, up a modest 3.5% on the month. And�\nthis is the picks and shovels play that almost��"}, {"start": "00:10:08", "end": "00:10:14", "text": "nobody is talking about loudly enough. Chainlink's�\ncross-chain interoperability protocol did $18��"}, {"start": "00:10:14", "end": "00:10:21", "text": "billion in volume in Q1 alone. DTCC tapped Chain�\nLink as the oracle and automation layer for its��"}, {"start": "00:10:21", "end": "00:10:28", "text": "collateral app chain. Swift is using Chain Link�\nfor cross-chain operations. Fidelity uses it for��"}, {"start": "00:10:28", "end": "00:10:35", "text": "the onchain nav infrastructure on their new FILQ�\ntokenized fund. Kraken migrated its cross-chain��"}, {"start": "00:10:35", "end": "00:10:41", "text": "wrapped asset operations to Chainlink's CCIP.�\nWhen the entity that settles $4.7 quadrillion��"}, {"start": "00:10:41", "end": "00:10:48", "text": "dollars a year in transactions picks your oracle�\nlayer, that is product market fit, not narrative.��"}, {"start": "00:10:48", "end": "00:10:53", "text": "And here's the structural insight. Link benefits�\nregardless of which side of the third party fight��"}, {"start": "00:10:53", "end": "00:11:00", "text": "wins. If the SEC permits permissive third-party�\ntokenization, every new tokenized equity needs��"}, {"start": "00:11:00", "end": "00:11:06", "text": "an oracle and chain link is the default. If�\nthe SEC restricts to issuer authorized models,��"}, {"start": "00:11:06", "end": "00:11:12", "text": "DTCC and securitize still settle through chain�\nlinks rails. Link is the infrastructure bet that��"}, {"start": "00:11:12", "end": "00:11:18", "text": "doesn't care who wins the policy debate. Now, this�\nis the part most coverage will not say out loud.��"}, {"start": "00:11:18", "end": "00:11:23", "text": "The honest truth is that the innovation exemption�\nis just Wall Street showing up to the party and��"}, {"start": "00:11:23", "end": "00:11:29", "text": "quietly buying the venue. DTCC's platform isn't�\nrunning on Ethereum or Salana. It's running on��"}, {"start": "00:11:29", "end": "00:11:36", "text": "Canton network, a permissioned enterprisegrade�\nblockchain backed by Goldman Sachs. The 50 firm��"}, {"start": "00:11:36", "end": "00:11:43", "text": "working group steering DTCC's rollout is dominated�\nby BlackRock, JP Morgan, NASDAQ, and the same��"}, {"start": "00:11:43", "end": "00:11:51", "text": "trady incumbents who already control the existing�\nsystem. NYC tapped Securitize, a compliance first��"}, {"start": "00:11:51", "end": "00:11:58", "text": "KYC gated platform to build its 247 settlement�\nlayer. Caitlyn Long, CEO of Custodia Bank,��"}, {"start": "00:11:58", "end": "00:12:04", "text": "has been calling this out for years. Her position�\nis that true tokenization requires legal finality,��"}, {"start": "00:12:04", "end": "00:12:10", "text": "where the onchain record is the legal record,�\nnot just a digital representation of an off-chain��"}, {"start": "00:12:10", "end": "00:12:16", "text": "record sitting in some custodian's ledger. Without�\nthat legal finality, every tokenized share that��"}, {"start": "00:12:16", "end": "00:12:22", "text": "you hold carries the full counterparty risk of�\nwhichever intermediary wrapped it. Panta Capitals��"}, {"start": "00:12:22", "end": "00:12:28", "text": "research puts the number at roughly 78% of current�\ntokenization being rappers claims on off-chain��"}, {"start": "00:12:28", "end": "00:12:34", "text": "assets sitting with traditional custodians.�\nThey are simply IUS with blockchain receipts��"}, {"start": "00:12:34", "end": "00:12:40", "text": "attached and the access paradox is brutally�\nconsistent. Black Rockck's Biddle has minimum��"}, {"start": "00:12:40", "end": "00:12:45", "text": "investments measured in millions of dollars. The�\ninstitutional tokenized products are explicitly��"}, {"start": "00:12:45", "end": "00:12:52", "text": "gated to qualified investors. Even Kraken's�\nXST stocks model on the retail side delivers��"}, {"start": "00:12:52", "end": "00:12:57", "text": "price exposure without voting rights and without�\ndividend pass through. You get the rapper, you��"}, {"start": "00:12:57", "end": "00:13:03", "text": "don't get the rights. So when Jaime Diamond writes�\nin JP Morgan's April shareholder letter that quote��"}, {"start": "00:13:03", "end": "00:13:09", "text": "a whole new set of competitors is emerging based�\non blockchain, he is actually signaling to his��"}, {"start": "00:13:09", "end": "00:13:15", "text": "shareholders that JP Morgan intends to be one�\nof those competitors. This is the asymmetry the��"}, {"start": "00:13:15", "end": "00:13:20", "text": "headlines are missing. The same regulatory�\nframework that legitimizes the asset class��"}, {"start": "00:13:20", "end": "00:13:27", "text": "also recreates the same gatekeepers concentrated�\ncustody risk and identical fee extraction just on��"}, {"start": "00:13:27", "end": "00:13:33", "text": "faster rails for you. The practical implications�\nare specific. First, watch the actual text of the��"}, {"start": "00:13:33", "end": "00:13:40", "text": "innovation exemption when OIA releases it this�\nweek. The single most important detail is whether��"}, {"start": "00:13:40", "end": "00:13:46", "text": "third-party tokenization is permitted broadly�\nor restricted to issuer authorized models only.��"}, {"start": "00:13:46", "end": "00:13:53", "text": "That one design choice rewires which tokens win.�\nSecond, watch the Clarity Act floor vote. The bill��"}, {"start": "00:13:53", "end": "00:13:59", "text": "needs roughly seven Democratic Senate votes to�\nclear the 60 vote filibuster threshold given the��"}, {"start": "00:13:59", "end": "00:14:05", "text": "Republican 53 seat majority with a target signing�\ndate of July 4th. Poly market currently puts the��"}, {"start": "00:14:05", "end": "00:14:12", "text": "probability of a 2026 floor vote at 64%. If that�\nprobability collapses, the regulatory tailwind��"}, {"start": "00:14:12", "end": "00:14:20", "text": "thato and the RWA basket are pricing in goes with�\nit. Third, watch the DTCC July roll out for any��"}, {"start": "00:14:20", "end": "00:14:26", "text": "execution stress. Limited production trades begin�\nin July, full commercial launch in October. Any��"}, {"start": "00:14:26", "end": "00:14:32", "text": "settlement failure, any custody incident, any DPEG�\nevent during that window is the kind of catalyst��"}, {"start": "00:14:32", "end": "00:14:37", "text": "that triggers the regulatory backlash that I�\njust described. The exemption is a sandbox,��"}, {"start": "00:14:37", "end": "00:14:43", "text": "not a permanent rule, and it can be reversed�\nquickly if something breaks publicly. Fourth,��"}, {"start": "00:14:43", "end": "00:14:50", "text": "watch the securitize spa merger going public�\non NASDAQ as SECZ. That listing is the public��"}, {"start": "00:14:50", "end": "00:14:56", "text": "market's verdict on the institutional tokenization�\nmodel and the valuation it commands will repric��"}, {"start": "00:14:56", "end": "00:15:05", "text": "every comparable in the sector. Fifth, watch JP�\nMorgan's JLTXX filing on Ethereum public chain.��"}, {"start": "00:15:05", "end": "00:15:11", "text": "That is the single cleanest signal of whether Wall�\nStreet is genuinely embracing permissionless rails��"}, {"start": "00:15:11", "end": "00:15:19", "text": "or staying inside permissionwalled gardens.�\nIf JLTXX scales on Ethereum mainet, the entire��"}, {"start": "00:15:19", "end": "00:15:25", "text": "L1 thesis for tokenization gets a serious�\ntailwind. If it migrates to a private chain,��"}, {"start": "00:15:25", "end": "00:15:31", "text": "the gatekeeping critique I just laid out becomes�\nthe dominant story for the next 18 months. And so,��"}, {"start": "00:15:31", "end": "00:15:36", "text": "let's go over the practical position sizing�\npoints because this matters. Ono ripping��"}, {"start": "00:15:36", "end": "00:15:44", "text": "48% in 30 days on a regulatory expectation while�\nBTC and ETH go nowhere is a structurally fragile��"}, {"start": "00:15:44", "end": "00:15:50", "text": "setup. When the actual exemption text drops�\nthis week, the sell the news risk is real,��"}, {"start": "00:15:50", "end": "00:15:56", "text": "particularly if the rule is narrower than the�\nmarket has priced. Link sitting flat is the boring��"}, {"start": "00:15:56", "end": "00:16:03", "text": "but right exposure because it doesn't depend on�\nthe binary outcome. MKR down on record revenue��"}, {"start": "00:16:03", "end": "00:16:10", "text": "is the contrarian asymmetry trade, but only if you�\nhave conviction in the Sky rebrand execution. So,��"}, {"start": "00:16:10", "end": "00:16:15", "text": "here's the question every holder needs to actually�\nanswer. Will these three catalysts finally��"}, {"start": "00:16:15", "end": "00:16:21", "text": "deliver on crypto's original permissionless�\ncensorship resistant promise? If they do,��"}, {"start": "00:16:21", "end": "00:16:27", "text": "a multi-t trillion dollar flywheel opens up that�\nlifts ando link and the broader RWA basket into��"}, {"start": "00:16:27", "end": "00:16:34", "text": "a structural bull market through 2027. Or are we�\nwatching the slow institutional capture of crypto��"}, {"start": "00:16:34", "end": "00:16:40", "text": "rails by the exact gatekeepers that the technology�\nwas supposed to disintermediate? In that scenario,��"}, {"start": "00:16:40", "end": "00:16:46", "text": "retail gets rappers without rights. liquidity�\nfractures across 15 incompatible venues and the��"}, {"start": "00:16:46", "end": "00:16:51", "text": "only durable winners are the picks and shovels�\ninfrastructure plays sitting underneath all of��"}, {"start": "00:16:51", "end": "00:16:56", "text": "it. Let us know your thoughts in the comments down�\nbelow because this is the debate that defines the��"}, {"start": "00:16:56", "end": "00:17:02", "text": "next cycle. And if you want to understand exactly�\nhow the Clarity Act vote count breaks down, which��"}, {"start": "00:17:02", "end": "00:17:08", "text": "Democratic senators are on the bubble, and what�\nhappens if the bill slips past the August recess,��"}, {"start": "00:17:08", "end": "00:17:13", "text": "you should definitely check out our full deep�\ndive video on that right over here. Thank you��"}, {"start": "00:17:13", "end": "00:17:18", "text": "all so much for watching, and I'll see you�\nagain very soon. This is Lewis signing off."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "On the 18th of May, US spot Bitcoin ETFs"}, {"start": "00:00:03", "end": "00:00:10", "text": "hemorrhaged $649 million in a single"}, {"start": "00:00:07", "end": "00:00:12", "text": "session, the largest redemption since"}, {"start": "00:00:10", "end": "00:00:16", "text": "January. Over the past 14 days,"}, {"start": "00:00:12", "end": "00:00:19", "text": "cumulative outflows have crossed $2.26"}, {"start": "00:00:16", "end": "00:00:22", "text": "billion, suggesting that all is not well"}, {"start": "00:00:19", "end": "00:00:25", "text": "in Bitcoin land. So today, we'll walk"}, {"start": "00:00:22", "end": "00:00:28", "text": "through exactly what broke with the"}, {"start": "00:00:25", "end": "00:00:30", "text": "ETFs, dismantle the macro story that's"}, {"start": "00:00:28", "end": "00:00:33", "text": "currently neutralizing every bullish"}, {"start": "00:00:30", "end": "00:00:35", "text": "catalyst, and lay out the specific price"}, {"start": "00:00:33", "end": "00:00:38", "text": "levels you need to be watching over the"}, {"start": "00:00:35", "end": "00:00:40", "text": "next 30 days. My name is Guy and this is"}, {"start": "00:00:38", "end": "00:00:43", "text": "the Coin Bureau."}, {"start": "00:00:40", "end": "00:00:47", "text": "So, Bitcoin is currently sitting roughly"}, {"start": "00:00:43", "end": "00:00:50", "text": "38% below its peak of almost $125,000"}, {"start": "00:00:47", "end": "00:00:53", "text": "from early October last year. Fear and"}, {"start": "00:00:50", "end": "00:00:55", "text": "greed sits at 35, firmly in fear, but"}, {"start": "00:00:53", "end": "00:00:57", "text": "nowhere near the singledigit"}, {"start": "00:00:55", "end": "00:00:59", "text": "capitulation readings that historically"}, {"start": "00:00:57", "end": "00:01:01", "text": "mark generational bottoms. So, what"}, {"start": "00:00:59", "end": "00:01:05", "text": "we're seeing here is much harder to read"}, {"start": "00:01:01", "end": "00:01:07", "text": "than simple panic. BTC is struggling to"}, {"start": "00:01:05", "end": "00:01:09", "text": "stay above $80,000 for any meaningful"}, {"start": "00:01:07", "end": "00:01:11", "text": "length of time, and the institutional"}, {"start": "00:01:09", "end": "00:01:14", "text": "pillars that have been propping it up"}, {"start": "00:01:11", "end": "00:01:16", "text": "this year are all looking significantly"}, {"start": "00:01:14", "end": "00:01:19", "text": "weakened. Let's start with the spot"}, {"start": "00:01:16", "end": "00:01:21", "text": "Bitcoin ETFs, which were supposed to be"}, {"start": "00:01:19", "end": "00:01:24", "text": "the structural buyer that absorbed every"}, {"start": "00:01:21", "end": "00:01:27", "text": "dip. Well, over the past 14 days, ending"}, {"start": "00:01:24", "end": "00:01:31", "text": "the 23rd of May, US spot Bitcoin ETFs"}, {"start": "00:01:27", "end": "00:01:33", "text": "saw $2.26 billion in net outflows with"}, {"start": "00:01:31", "end": "00:01:36", "text": "six consecutive days of redemptions"}, {"start": "00:01:33", "end": "00:01:39", "text": "inside that window. A single day record"}, {"start": "00:01:36", "end": "00:01:42", "text": "of $649 million was set on the 18th of"}, {"start": "00:01:39", "end": "00:01:45", "text": "May with Black Rockck's IBIT leading the"}, {"start": "00:01:42", "end": "00:01:48", "text": "bleed. IBIT has now seen roughly $64.8"}, {"start": "00:01:45", "end": "00:01:51", "text": "billion in cumulative inflows since"}, {"start": "00:01:48", "end": "00:01:54", "text": "launch against just $61.75"}, {"start": "00:01:51", "end": "00:01:57", "text": "billion in current AUM which is"}, {"start": "00:01:54", "end": "00:02:00", "text": "significant. The fund is trading $3.7"}, {"start": "00:01:57", "end": "00:02:03", "text": "billion below total capital ever"}, {"start": "00:02:00", "end": "00:02:05", "text": "invested in it. So the average IBIT"}, {"start": "00:02:03", "end": "00:02:08", "text": "holder is underwater."}, {"start": "00:02:05", "end": "00:02:11", "text": "And the 13F filings from Q1 actually"}, {"start": "00:02:08", "end": "00:02:13", "text": "give us the big names that have reduced"}, {"start": "00:02:11", "end": "00:02:17", "text": "their crypto exposure. Jane Street cut"}, {"start": "00:02:13", "end": "00:02:22", "text": "its IBIT holdings 71% slashed Fidelity's"}, {"start": "00:02:17", "end": "00:02:25", "text": "FBTC 60% and reduced its strategy stake"}, {"start": "00:02:22", "end": "00:02:28", "text": "78% with roughly $82 million rotating"}, {"start": "00:02:25", "end": "00:02:31", "text": "into Ethereum ETFs. In the same quarter,"}, {"start": "00:02:28", "end": "00:02:34", "text": "Harvard management company cut its IBIT"}, {"start": "00:02:31", "end": "00:02:38", "text": "position 43% and fully liquidated its"}, {"start": "00:02:34", "end": "00:02:40", "text": "$86.8 million Ethereum stake. It turns"}, {"start": "00:02:38", "end": "00:02:44", "text": "out many of the institutional buyers who"}, {"start": "00:02:40", "end": "00:02:47", "text": "were assumed to be long-term investors"}, {"start": "00:02:44", "end": "00:02:50", "text": "were anything but. As soon as the macro"}, {"start": "00:02:47", "end": "00:02:53", "text": "stress arrived, they left. Which brings"}, {"start": "00:02:50", "end": "00:02:56", "text": "us directly to what many had long"}, {"start": "00:02:53", "end": "00:02:59", "text": "feared, sailor selling. Yep. On the 5th"}, {"start": "00:02:56", "end": "00:03:02", "text": "of May on Strategy's Q1 earnings call,"}, {"start": "00:02:59", "end": "00:03:04", "text": "Michael Sailor and CEO Fonglay signaled"}, {"start": "00:03:02", "end": "00:03:07", "text": "that the company is prepared to sell"}, {"start": "00:03:04", "end": "00:03:10", "text": "Bitcoin to fund preferred stock"}, {"start": "00:03:07", "end": "00:03:12", "text": "dividends, retire convertible debt, and"}, {"start": "00:03:10", "end": "00:03:15", "text": "optimize the balance sheet. Sailor"}, {"start": "00:03:12", "end": "00:03:17", "text": "framed it as a quote capital allocation"}, {"start": "00:03:15", "end": "00:03:19", "text": "decision. In a follow-up interview, he"}, {"start": "00:03:17", "end": "00:03:23", "text": "said selling some Bitcoin before year"}, {"start": "00:03:19", "end": "00:03:26", "text": "end is quote not unlikely. Now, Strategy"}, {"start": "00:03:23", "end": "00:03:29", "text": "holds $843,738"}, {"start": "00:03:26", "end": "00:03:32", "text": "BTC at a $75,700"}, {"start": "00:03:29", "end": "00:03:34", "text": "average cost basis, meaning the entire"}, {"start": "00:03:32", "end": "00:03:38", "text": "stack is one wick away from being"}, {"start": "00:03:34", "end": "00:03:41", "text": "underwater on aggregate. The Q1 net loss"}, {"start": "00:03:38", "end": "00:03:45", "text": "was $12.54 billion, driven primarily by"}, {"start": "00:03:41", "end": "00:03:48", "text": "a large unrealized markdown on its"}, {"start": "00:03:45", "end": "00:03:51", "text": "Bitcoin holdings. And the STRC preferred"}, {"start": "00:03:48", "end": "00:03:53", "text": "stock program carries significant annual"}, {"start": "00:03:51", "end": "00:03:56", "text": "dividend obligations with reports"}, {"start": "00:03:53", "end": "00:03:59", "text": "suggesting in the range of $1.71 billion"}, {"start": "00:03:56", "end": "00:04:02", "text": "per year that must be serviced"}, {"start": "00:03:59", "end": "00:04:04", "text": "regardless of Bitcoin's price. So put"}, {"start": "00:04:02", "end": "00:04:07", "text": "simply, the never sell doctrine that"}, {"start": "00:04:04", "end": "00:04:10", "text": "defined this entire cycle has just been"}, {"start": "00:04:07", "end": "00:04:12", "text": "retired. The largest corporate Bitcoin"}, {"start": "00:04:10", "end": "00:04:15", "text": "holder on the planet has told the market"}, {"start": "00:04:12", "end": "00:04:18", "text": "that selling is on the table. And every"}, {"start": "00:04:15", "end": "00:04:20", "text": "week, Bitcoin trades below $76,000."}, {"start": "00:04:18", "end": "00:04:23", "text": "The buffer that justifies the Bitcoin"}, {"start": "00:04:20", "end": "00:04:26", "text": "Treasury model to equity investors gets"}, {"start": "00:04:23", "end": "00:04:28", "text": "that little bit thinner. Right folks, a"}, {"start": "00:04:26", "end": "00:04:30", "text": "quick interlude because I think you're"}, {"start": "00:04:28", "end": "00:04:32", "text": "going to want to know this as well. Now,"}, {"start": "00:04:30", "end": "00:04:34", "text": "a lot of people still think Coinbase is"}, {"start": "00:04:32", "end": "00:04:36", "text": "just a beginner platform, but with"}, {"start": "00:04:34", "end": "00:04:38", "text": "Coinbase Advanced, that's actually"}, {"start": "00:04:36", "end": "00:04:40", "text": "changed quite a bit. You're getting"}, {"start": "00:04:38", "end": "00:04:43", "text": "lower fees, proper charting tools,"}, {"start": "00:04:40", "end": "00:04:45", "text": "real-time order books, and full control"}, {"start": "00:04:43", "end": "00:04:48", "text": "with limit and stop orders. So, it all"}, {"start": "00:04:45", "end": "00:04:50", "text": "feels much closer to a professional"}, {"start": "00:04:48", "end": "00:04:53", "text": "trading setup, but without the usual"}, {"start": "00:04:50", "end": "00:04:55", "text": "complexity. So, whether you're stepping"}, {"start": "00:04:53", "end": "00:04:57", "text": "up from basic apps or just want a"}, {"start": "00:04:55", "end": "00:04:59", "text": "cleaner, more reliable platform, it is"}, {"start": "00:04:57", "end": "00:05:01", "text": "definitely one to have on your radar."}, {"start": "00:04:59", "end": "00:05:03", "text": "And if you want to try it out, there's"}, {"start": "00:05:01", "end": "00:05:06", "text": "currently a limited offer for Coin"}, {"start": "00:05:03", "end": "00:05:10", "text": "Bureau viewers. You can get $40 in"}, {"start": "00:05:06", "end": "00:05:12", "text": "Bitcoin when you trade $40. Now, this is"}, {"start": "00:05:10", "end": "00:05:14", "text": "available in the US, Canada, Europe,"}, {"start": "00:05:12", "end": "00:05:17", "text": "Singapore, and Australia, but it's"}, {"start": "00:05:14", "end": "00:05:20", "text": "capped to the first 350 people, so it"}, {"start": "00:05:17", "end": "00:05:22", "text": "may not last long. You can scan the QR"}, {"start": "00:05:20", "end": "00:05:25", "text": "code on screen now, or check the link in"}, {"start": "00:05:22", "end": "00:05:27", "text": "the description and pinned comment for"}, {"start": "00:05:25", "end": "00:05:30", "text": "full details. And with that, let's get"}, {"start": "00:05:27", "end": "00:05:32", "text": "back to it. And then there's the macro"}, {"start": "00:05:30", "end": "00:05:36", "text": "picture sitting above all of this. The"}, {"start": "00:05:32", "end": "00:05:39", "text": "30-year Treasury yield closed at 5.07%"}, {"start": "00:05:36", "end": "00:05:41", "text": "on the 22nd of May. The 10-year is at"}, {"start": "00:05:39", "end": "00:05:44", "text": "4.56%."}, {"start": "00:05:41", "end": "00:05:46", "text": "CPI is running at 3.8% with Cleveland"}, {"start": "00:05:44", "end": "00:05:49", "text": "Fed models flagging a potential drift"}, {"start": "00:05:46", "end": "00:05:52", "text": "towards 4.18%."}, {"start": "00:05:49", "end": "00:05:55", "text": "Meanwhile, CME Fed Watch is now pricing"}, {"start": "00:05:52", "end": "00:05:59", "text": "in 54% odds of a rate hike at the"}, {"start": "00:05:55", "end": "00:06:02", "text": "December FOMC meeting with just 1.5%"}, {"start": "00:05:59", "end": "00:06:04", "text": "odds of any easing. And on the 22nd of"}, {"start": "00:06:02", "end": "00:06:07", "text": "May, Kevin Walsh was sworn in as the"}, {"start": "00:06:04", "end": "00:06:09", "text": "17th chair of the Federal Reserve. Now,"}, {"start": "00:06:07", "end": "00:06:12", "text": "you might assume that a Fed chair whose"}, {"start": "00:06:09", "end": "00:06:15", "text": "total net worth is estimated between 131"}, {"start": "00:06:12", "end": "00:06:17", "text": "million and $29 million with indirect"}, {"start": "00:06:15", "end": "00:06:20", "text": "exposure to crypto through stakes in"}, {"start": "00:06:17", "end": "00:06:23", "text": "over 30 digital asset entities held via"}, {"start": "00:06:20", "end": "00:06:25", "text": "venture fund structures would be"}, {"start": "00:06:23", "end": "00:06:27", "text": "reflexively doubbish on digital assets."}, {"start": "00:06:25", "end": "00:06:30", "text": "However, that assumption ignores the"}, {"start": "00:06:27", "end": "00:06:33", "text": "fact that Walsh is a balance sheet hawk"}, {"start": "00:06:30", "end": "00:06:35", "text": "with a long track record of opposing"}, {"start": "00:06:33", "end": "00:06:38", "text": "aggressive quantitative easing. Now, as"}, {"start": "00:06:35", "end": "00:06:41", "text": "far as bonds go, with 5.07%"}, {"start": "00:06:38", "end": "00:06:44", "text": "on the long end, institutions can earn a"}, {"start": "00:06:41", "end": "00:06:46", "text": "risk-free yield in a AAA rated"}, {"start": "00:06:44", "end": "00:06:49", "text": "instrument, and thus the opportunity"}, {"start": "00:06:46", "end": "00:06:52", "text": "cost of holding non-yielding Bitcoin is"}, {"start": "00:06:49", "end": "00:06:55", "text": "higher than at any point during the 2024"}, {"start": "00:06:52", "end": "00:06:59", "text": "accumulation phase. Lower rates will be"}, {"start": "00:06:55", "end": "00:07:01", "text": "a huge positive for Bitcoin, but lower"}, {"start": "00:06:59", "end": "00:07:04", "text": "rates just aren't on the table for the"}, {"start": "00:07:01", "end": "00:07:06", "text": "time being. But it's not all doom and"}, {"start": "00:07:04", "end": "00:07:08", "text": "gloom because the onchain data is"}, {"start": "00:07:06", "end": "00:07:11", "text": "telling us something the price chart"}, {"start": "00:07:08", "end": "00:07:13", "text": "cannot. Long-term holders now control"}, {"start": "00:07:11", "end": "00:07:16", "text": "78.3%"}, {"start": "00:07:13", "end": "00:07:19", "text": "of the circulating supply. And that's a"}, {"start": "00:07:16", "end": "00:07:21", "text": "cycle high. The believers are not"}, {"start": "00:07:19", "end": "00:07:23", "text": "selling. In other words, and on top of"}, {"start": "00:07:21", "end": "00:07:27", "text": "that, exchange reserves have collapsed"}, {"start": "00:07:23", "end": "00:07:30", "text": "to roughly 2.21 million BTC, a 7-year"}, {"start": "00:07:27", "end": "00:07:33", "text": "low on immediately sellable supply."}, {"start": "00:07:30", "end": "00:07:37", "text": "Whale wallets holding 1,000 or more BTC"}, {"start": "00:07:33", "end": "00:07:39", "text": "have accumulated approximately 270,000"}, {"start": "00:07:37", "end": "00:07:41", "text": "coins in the last 30 days alone."}, {"start": "00:07:39", "end": "00:07:44", "text": "Meanwhile, the Coinbase premium has"}, {"start": "00:07:41", "end": "00:07:46", "text": "flipped negative, telling you US"}, {"start": "00:07:44", "end": "00:07:49", "text": "institutional buyers are absent. Put"}, {"start": "00:07:46", "end": "00:07:52", "text": "volume on the options market is rising"}, {"start": "00:07:49", "end": "00:07:54", "text": "and ETF outflows have not yet shown a"}, {"start": "00:07:52", "end": "00:07:57", "text": "clean reversal. So, put simply, the"}, {"start": "00:07:54", "end": "00:07:59", "text": "market right now is a coiled spring with"}, {"start": "00:07:57", "end": "00:08:02", "text": "compression building, waiting for the"}, {"start": "00:07:59", "end": "00:08:03", "text": "catalyst to release it. And by the way,"}, {"start": "00:08:02", "end": "00:08:06", "text": "if you want our team's read on every"}, {"start": "00:08:03", "end": "00:08:07", "text": "catalyst before it hits the market, then"}, {"start": "00:08:06", "end": "00:08:09", "text": "you should join the Coinb's Telegram"}, {"start": "00:08:07", "end": "00:08:11", "text": "channel. That's where we share breaking"}, {"start": "00:08:09", "end": "00:08:14", "text": "news, deep dive alpha, and the most"}, {"start": "00:08:11", "end": "00:08:16", "text": "important market updates, all pinged"}, {"start": "00:08:14", "end": "00:08:18", "text": "directly to your device, so you don't"}, {"start": "00:08:16", "end": "00:08:21", "text": "miss a thing. Join today using the link"}, {"start": "00:08:18", "end": "00:08:24", "text": "down in the description or the QR code"}, {"start": "00:08:21", "end": "00:08:26", "text": "on screen. Now, in every previous cycle,"}, {"start": "00:08:24", "end": "00:08:29", "text": "this is the point where miners would be"}, {"start": "00:08:26", "end": "00:08:32", "text": "the accelerant on the way down. Hash"}, {"start": "00:08:29", "end": "00:08:35", "text": "rate is sitting at 959 exaashes per"}, {"start": "00:08:32", "end": "00:08:37", "text": "second. The weighted average cash"}, {"start": "00:08:35", "end": "00:08:41", "text": "production cost for public miners has"}, {"start": "00:08:37", "end": "00:08:43", "text": "climbed to roughly $90,000 per bitcoin,"}, {"start": "00:08:41", "end": "00:08:47", "text": "which means at today's prices, pure play"}, {"start": "00:08:43", "end": "00:08:50", "text": "mining is well below break even. In 2018"}, {"start": "00:08:47", "end": "00:08:53", "text": "and in 2022, this is exactly the setup"}, {"start": "00:08:50", "end": "00:08:56", "text": "that triggered forced selling cascades."}, {"start": "00:08:53", "end": "00:09:00", "text": "But 2026 is different and the reason is"}, {"start": "00:08:56", "end": "00:09:04", "text": "sitting in plain sight. AI hash rate"}, {"start": "00:09:00", "end": "00:09:07", "text": "actually contracted 4% in Q1, the first"}, {"start": "00:09:04", "end": "00:09:09", "text": "negative growth in over 5 years because"}, {"start": "00:09:07", "end": "00:09:12", "text": "miners intentionally decommissioned"}, {"start": "00:09:09", "end": "00:09:16", "text": "their rigs to free up power for AI"}, {"start": "00:09:12", "end": "00:09:18", "text": "hosting. Iron has signed a $9.7 billion"}, {"start": "00:09:16", "end": "00:09:22", "text": "contract with Microsoft and a separate"}, {"start": "00:09:18", "end": "00:09:24", "text": "$3.4 billion deal with Nvidia. The"}, {"start": "00:09:22", "end": "00:09:28", "text": "industry has collectively booked over"}, {"start": "00:09:24", "end": "00:09:31", "text": "$70 billion in AI and HPC contracts and"}, {"start": "00:09:28", "end": "00:09:35", "text": "the market is taking notice. Riot is up"}, {"start": "00:09:31", "end": "00:09:39", "text": "31.6% over the last 30 days. Clean Spark"}, {"start": "00:09:35", "end": "00:09:42", "text": "is up 25% and Marathon is up 18.6%."}, {"start": "00:09:39", "end": "00:09:45", "text": "All while BTC has barely moved. The"}, {"start": "00:09:42", "end": "00:09:49", "text": "forced seller of every previous Bitcoin"}, {"start": "00:09:45", "end": "00:09:51", "text": "bare market has left the building. So,"}, {"start": "00:09:49", "end": "00:09:54", "text": "let's talk about the four levels that"}, {"start": "00:09:51", "end": "00:09:57", "text": "define the next 3 months. First,"}, {"start": "00:09:54", "end": "00:09:59", "text": "$74,500."}, {"start": "00:09:57", "end": "00:10:02", "text": "That's the line where Strategy's entire"}, {"start": "00:09:59", "end": "00:10:04", "text": "843,738"}, {"start": "00:10:02", "end": "00:10:07", "text": "Bitcoin position goes underwater on"}, {"start": "00:10:04", "end": "00:10:10", "text": "aggregate. a sustained close below it"}, {"start": "00:10:07", "end": "00:10:12", "text": "and the market prices in forced selling"}, {"start": "00:10:10", "end": "00:10:16", "text": "whether sailor pulls the trigger or not."}, {"start": "00:10:12", "end": "00:10:19", "text": "Second $70,000 the 2021 cycle all-time"}, {"start": "00:10:16", "end": "00:10:21", "text": "high old resistance turned support. A"}, {"start": "00:10:19", "end": "00:10:24", "text": "clean break below this level without"}, {"start": "00:10:21", "end": "00:10:28", "text": "recovery means the distribution phase is"}, {"start": "00:10:24", "end": "00:10:30", "text": "real. Third $66,000."}, {"start": "00:10:28", "end": "00:10:32", "text": "This is the broader riskoff trigger"}, {"start": "00:10:30", "end": "00:10:34", "text": "where Bitcoin stops trading on its own"}, {"start": "00:10:32", "end": "00:10:36", "text": "fundamentals and starts trading as a"}, {"start": "00:10:34", "end": "00:10:40", "text": "high beta risk asset in a global"}, {"start": "00:10:36", "end": "00:10:43", "text": "deleveraging. And fourth, $82,000 to"}, {"start": "00:10:40", "end": "00:10:45", "text": "$83,000. The 200day moving average and"}, {"start": "00:10:43", "end": "00:10:48", "text": "the approximate cost basis of recent"}, {"start": "00:10:45", "end": "00:10:51", "text": "institutional ETF entrance. Reclaim this"}, {"start": "00:10:48", "end": "00:10:54", "text": "level and the narrative flips. Reject it"}, {"start": "00:10:51", "end": "00:10:57", "text": "and the range tightens. Which brings us"}, {"start": "00:10:54", "end": "00:11:00", "text": "to the three key scenarios that could"}, {"start": "00:10:57", "end": "00:11:02", "text": "play out from here. Base case, Bitcoin"}, {"start": "00:11:00", "end": "00:11:05", "text": "grinds sideways between $75,000 and"}, {"start": "00:11:02", "end": "00:11:08", "text": "$85,000 through the summer. Walsh's"}, {"start": "00:11:05", "end": "00:11:10", "text": "first FOMC keeps rates where they are."}, {"start": "00:11:08", "end": "00:11:13", "text": "The Clarity Act passes, but on a delayed"}, {"start": "00:11:10", "end": "00:11:16", "text": "timeline. ETF flows oscillate, sometimes"}, {"start": "00:11:13", "end": "00:11:19", "text": "clearing Arthur Hayes's $300 million"}, {"start": "00:11:16", "end": "00:11:21", "text": "daily inflow threshold. Mostly not."}, {"start": "00:11:19", "end": "00:11:24", "text": "Patience is the trade in this setup."}, {"start": "00:11:21", "end": "00:11:26", "text": "bare case. The October 2025 print was"}, {"start": "00:11:24", "end": "00:11:29", "text": "the cycle top. Strategy is forced to"}, {"start": "00:11:26", "end": "00:11:31", "text": "sell to cover STRC obligations. The"}, {"start": "00:11:29", "end": "00:11:34", "text": "Clarity Act stalls past the August"}, {"start": "00:11:31", "end": "00:11:37", "text": "recess. CPI ticks up. Wash hikes in"}, {"start": "00:11:34", "end": "00:11:40", "text": "December and historical midterm patterns"}, {"start": "00:11:37", "end": "00:11:43", "text": "deliver a $60,000 bottom by October"}, {"start": "00:11:40", "end": "00:11:45", "text": "2026. And the bull case, the Clarity"}, {"start": "00:11:43", "end": "00:11:48", "text": "Act, which cleared the Senate Banking"}, {"start": "00:11:45", "end": "00:11:51", "text": "Committee 15 to9 on the 14th of May,"}, {"start": "00:11:48", "end": "00:11:54", "text": "passes the full Senate before recess,"}, {"start": "00:11:51", "end": "00:11:56", "text": "unlocking roughly $15 billion in"}, {"start": "00:11:54", "end": "00:11:59", "text": "institutional inflows per city's"}, {"start": "00:11:56", "end": "00:12:01", "text": "estimate. ETF flows clear the $300"}, {"start": "00:11:59", "end": "00:12:06", "text": "million threshold sustainably, and the"}, {"start": "00:12:01", "end": "00:12:10", "text": "path to a 125,000 to 150,000 BTC by year"}, {"start": "00:12:06", "end": "00:12:13", "text": "end opens up as a genuine possibility."}, {"start": "00:12:10", "end": "00:12:15", "text": "So while Bitcoin itself remains sound,"}, {"start": "00:12:13", "end": "00:12:17", "text": "the surrounding narrative is undergoing"}, {"start": "00:12:15", "end": "00:12:20", "text": "a severe stress test, the permanent"}, {"start": "00:12:17", "end": "00:12:22", "text": "institutional bid was always a tactical"}, {"start": "00:12:20", "end": "00:12:25", "text": "position masquerading as a structural"}, {"start": "00:12:22", "end": "00:12:27", "text": "one. And we saw the same thing with the"}, {"start": "00:12:25", "end": "00:12:29", "text": "sailor put, which turned out to be a"}, {"start": "00:12:27", "end": "00:12:33", "text": "corporate balance sheet decision rather"}, {"start": "00:12:29", "end": "00:12:36", "text": "than a religious vow. And that lower"}, {"start": "00:12:33", "end": "00:12:38", "text": "rates save Bitcoin thesis, that was just"}, {"start": "00:12:36", "end": "00:12:41", "text": "a macro tailwind that people mistook for"}, {"start": "00:12:38", "end": "00:12:44", "text": "native demand. On the flip side though,"}, {"start": "00:12:41", "end": "00:12:46", "text": "long-term holders are at a cycle high."}, {"start": "00:12:44", "end": "00:12:49", "text": "Exchange reserves are at 7-year lows."}, {"start": "00:12:46", "end": "00:12:52", "text": "Miners are no longer for sellers."}, {"start": "00:12:49", "end": "00:12:55", "text": "Sovereign wealth funds like Mubadala are"}, {"start": "00:12:52", "end": "00:12:57", "text": "net buying 16% more IBIT at these"}, {"start": "00:12:55", "end": "00:13:00", "text": "levels. Frankly, the structural"}, {"start": "00:12:57", "end": "00:13:02", "text": "fundamentals at a 38% draw down have"}, {"start": "00:13:00", "end": "00:13:06", "text": "never been stronger than they are right"}, {"start": "00:13:02", "end": "00:13:08", "text": "now. So keep an eye on those ETF flows."}, {"start": "00:13:06", "end": "00:13:11", "text": "Three to five consecutive days of net"}, {"start": "00:13:08", "end": "00:13:13", "text": "inflows above $300 million will be the"}, {"start": "00:13:11", "end": "00:13:17", "text": "cleanest signal that institutional"}, {"start": "00:13:13", "end": "00:13:20", "text": "capital is returning. Watch $74,500"}, {"start": "00:13:17", "end": "00:13:22", "text": "on a daily close basis. Hold it and the"}, {"start": "00:13:20", "end": "00:13:25", "text": "correction narrative weakens. Break it"}, {"start": "00:13:22", "end": "00:13:28", "text": "and the path to $70,000 opens up"}, {"start": "00:13:25", "end": "00:13:31", "text": "alongside strategies cost basis. Third,"}, {"start": "00:13:28", "end": "00:13:34", "text": "watch the 30-year Treasury yield. Below"}, {"start": "00:13:31", "end": "00:13:38", "text": "5% eases the macro pressure on every"}, {"start": "00:13:34", "end": "00:13:41", "text": "risk asset. Above 5.3% and the pain gets"}, {"start": "00:13:38", "end": "00:13:43", "text": "much worse. And fourth, watch the"}, {"start": "00:13:41", "end": "00:13:46", "text": "Clarity Act calendar with the 10th of"}, {"start": "00:13:43", "end": "00:13:48", "text": "August recess as the effective deadline."}, {"start": "00:13:46", "end": "00:13:52", "text": "Because as we know all too well in"}, {"start": "00:13:48", "end": "00:13:55", "text": "crypto, things can turn around very"}, {"start": "00:13:52", "end": "00:13:57", "text": "quickly. So, is this the last shakeout"}, {"start": "00:13:55", "end": "00:13:59", "text": "before we go higher or do we have to"}, {"start": "00:13:57", "end": "00:14:01", "text": "resign ourselves to yet another trip to"}, {"start": "00:13:59", "end": "00:14:03", "text": "Goblin Town? Let us know in the"}, {"start": "00:14:01", "end": "00:14:06", "text": "comments. And if you want to understand"}, {"start": "00:14:03", "end": "00:14:07", "text": "exactly how Strategy's balance sheet"}, {"start": "00:14:06", "end": "00:14:10", "text": "could turn into the most important"}, {"start": "00:14:07", "end": "00:14:12", "text": "domino in crypto, then check out our"}, {"start": "00:14:10", "end": "00:14:14", "text": "deep dive right over here. Okay, thank"}, {"start": "00:14:12", "end": "00:14:17", "text": "you all so much for watching and I'll"}, {"start": "00:14:14", "end": "00:14:20", "text": "see you again very soon. This is Guy"}, {"start": "00:14:17", "end": "00:14:20", "text": "signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "As much as it hurts to say, Ethereum has been�\nsomewhat of a laughingtock for years now. Everyone��"}, {"start": "00:00:05", "end": "00:00:10", "text": "calls it slow and expensive. While competing�\nblockchains like Salana boast higher speeds,��"}, {"start": "00:00:10", "end": "00:00:16", "text": "lower costs, and a simpler user experience. As far�\nmore DEX activity has been taking place on Salana,��"}, {"start": "00:00:16", "end": "00:00:22", "text": "even the most diehard ETH holders have had a hard�\ntime defending Ethereum. But not anymore. Ethereum��"}, {"start": "00:00:22", "end": "00:00:28", "text": "is making a comeback, and the numbers don't lie.�\nBack in January this year, Ethereum was processing��"}, {"start": "00:00:28", "end": "00:00:34", "text": "around $53 billion on its dexes. That sounds�\nlike a lot until you realize that Salana was��"}, {"start": "00:00:34", "end": "00:00:41", "text": "processing around 116 billion. Put differently,�\nSalana was handling 218% of the DEX volumes seen��"}, {"start": "00:00:41", "end": "00:00:47", "text": "on Ethereum. That's no small difference. Salana�\nwas leaving Ethereum in the dust. Today though,��"}, {"start": "00:00:47", "end": "00:00:54", "text": "the numbers look very different. Since that 116�\nbillion peak in January, Salana's DEX volumes have��"}, {"start": "00:00:54", "end": "00:00:59", "text": "plummeted, while Ethereum's DEX volumes have come�\ndown much more naturally. Specifically, Salana��"}, {"start": "00:00:59", "end": "00:01:06", "text": "Dex volumes dropped by over 70 billion, falling�\nfrom 116 billion to just 43 billion by the end of��"}, {"start": "00:01:06", "end": "00:01:12", "text": "April. That's a 63% decrease. By comparison,�\nEthereum's DEX volumes stood at 53 billion��"}, {"start": "00:01:12", "end": "00:01:19", "text": "in January and only slipped by 7 billion to 46�\nbillion by the end of April. That's a far more��"}, {"start": "00:01:19", "end": "00:01:24", "text": "modest drop of just 13%. And the eagle-eyed among�\nyou will have noticed something intriguing there,��"}, {"start": "00:01:24", "end": "00:01:30", "text": "too. Salana and Ethereum DEX volumes are now neck�\nandneck with Ethereum's even being higher in April��"}, {"start": "00:01:30", "end": "00:01:36", "text": "than Salana's. To put that into perspective, the�\nlast time Ethereum DEX volumes dominated Salana��"}, {"start": "00:01:36", "end": "00:01:41", "text": "was way back in August of last year. Regardless,�\nthis parody matters more than you might think��"}, {"start": "00:01:41", "end": "00:01:47", "text": "because it signals a major shift in narrative.�\nSalana's biggest flex has always been its higher��"}, {"start": "00:01:47", "end": "00:01:52", "text": "throughput and lower costs pulling users away�\nfrom trading on Ethereum. And to be fair,��"}, {"start": "00:01:52", "end": "00:01:57", "text": "Salana deserves its flowers. For Hot Minute, it�\nwas where everything happened. But the data now��"}, {"start": "00:01:57", "end": "00:02:02", "text": "suggests that trading momentum has faded�\nand things have changed. And while Salana��"}, {"start": "00:02:02", "end": "00:02:07", "text": "was cooling off, Ethereum was doing what it does�\nbest. institutional activity, tokenized assets,��"}, {"start": "00:02:07", "end": "00:02:12", "text": "stable coin settlements, and large-scale DeFi�\nliquidity have largely stayed loyal thanks to��"}, {"start": "00:02:12", "end": "00:02:18", "text": "its solid, reliable infrastructure. So, even�\nwhen Salana activity faded, Ethereum activity��"}, {"start": "00:02:18", "end": "00:02:23", "text": "remains strong. And the idea that Ethereum is�\ndead no longer makes sense. And by the way,��"}, {"start": "00:02:23", "end": "00:02:27", "text": "if you want to keep up with the latest Ethereum�\nnews as it stages a comeback, well, then you��"}, {"start": "00:02:27", "end": "00:02:32", "text": "could join the Coin Bureau's Telegram channel.�\nThat's where we share the latest breaking news,��"}, {"start": "00:02:32", "end": "00:02:37", "text": "provide deep dive alpha, and give you the most�\nimportant market updates, all ping directly to��"}, {"start": "00:02:37", "end": "00:02:41", "text": "your device so you don't miss a thing. So, it's�\ntime today using the link down in the description��"}, {"start": "00:02:41", "end": "00:02:48", "text": "below or the QR code that is on the screen now.�\nSo, what actually happened to Salana? Well, first,��"}, {"start": "00:02:48", "end": "00:02:53", "text": "let's be clear. This isn't a story about Salana�\nfailing. It's more like a sugar rush finally��"}, {"start": "00:02:53", "end": "00:02:59", "text": "wearing off. Back in early 2024, the launch of�\nPump. fund led to thousands of new tokens being��"}, {"start": "00:02:59", "end": "00:03:05", "text": "minted every day. Memecoin mania was in full�\nswing and crypto Twitter was flooded with FOMO.��"}, {"start": "00:03:05", "end": "00:03:11", "text": "Pump. Fun alone was responsible for a massive 80%�\nof Salana memecoins at its peak. But of course,��"}, {"start": "00:03:11", "end": "00:03:17", "text": "it wasn't alone. Pump. Fun success quickly sparked�\ncompetitors like Lead Spunk, Radium Launch Lab,��"}, {"start": "00:03:17", "end": "00:03:22", "text": "and Moonshot. During that period, Salana�\nprocessed massive volumes, and Soul's price��"}, {"start": "00:03:22", "end": "00:03:27", "text": "went parabolic. But there's one issue with all�\nof that. Barely any of this activity was organic��"}, {"start": "00:03:27", "end": "00:03:33", "text": "economic growth. It was a heavy speculation,�\ncasino style, highfrequency trading on tokens��"}, {"start": "00:03:33", "end": "00:03:39", "text": "with no real purpose beyond going up and more�\noften than not going down. As a not so fun fact,��"}, {"start": "00:03:39", "end": "00:03:45", "text": "around 18.7 million tokens have been launched on�\nPump. Fun. According to data from Dune Analytics,��"}, {"start": "00:03:45", "end": "00:03:52", "text": "less than 1% of those ever reached the $50,000�\nmarket cap needed to graduate to external dexes��"}, {"start": "00:03:52", "end": "00:03:58", "text": "like Radium. Even so, this didn't stop people from�\naping into the latest memecoin the second it hit��"}, {"start": "00:03:58", "end": "00:04:03", "text": "the market. Thanks to Salana's low fees and high�\ntransaction speeds, traders were betting on dozens��"}, {"start": "00:04:03", "end": "00:04:08", "text": "of tokens a day. And for better or for worse,�\nSalana had built a bit of a reputation for being��"}, {"start": "00:04:08", "end": "00:04:13", "text": "a memecoin blockchain. The problem with that,�\nhowever, is that once the memecoin cycle ended,��"}, {"start": "00:04:13", "end": "00:04:19", "text": "demand within the Salana ecosystem quickly faded�\nwith it. This can be seen across various other��"}, {"start": "00:04:19", "end": "00:04:24", "text": "metrics, not just DEX volumes. For instance, the�\nnumber of active Salana wallets has plummeted from��"}, {"start": "00:04:24", "end": "00:04:31", "text": "8.7 million at the peak of October 2024 to just�\n1.9 million at the time of shooting. New accounts��"}, {"start": "00:04:31", "end": "00:04:37", "text": "have dropped from around 27 million in July 2024�\nto just 10 million today. Although, we should note��"}, {"start": "00:04:37", "end": "00:04:42", "text": "that these numbers are inflated with bots, so�\ntake that with a grain of salt. Even so, daily��"}, {"start": "00:04:42", "end": "00:04:48", "text": "application revenue on Salana has collapsed from a�\nhigh of 85 million in January 2025 to less than $2��"}, {"start": "00:04:48", "end": "00:04:56", "text": "million today. Onchain total value locked or TVL�\nreached over 13 billion dollars in September, but��"}, {"start": "00:04:56", "end": "00:05:01", "text": "has since fallen to just $6 billion today. With�\nall of that said, it is important to reiterate��"}, {"start": "00:05:01", "end": "00:05:06", "text": "that Salana didn't do anything wrong. It still�\nperforms just as well now as it did during peak��"}, {"start": "00:05:06", "end": "00:05:12", "text": "memecoin mania. It was retail speculation that�\nbroke down. But that speculative wave never really��"}, {"start": "00:05:12", "end": "00:05:17", "text": "hit Ethereum, at least not to the same extent.�\nSo, as retail capital moved away from memecoins,��"}, {"start": "00:05:17", "end": "00:05:23", "text": "what was left was a serious money and most of�\nthat resides on Ethereum. Now, if anything that��"}, {"start": "00:05:23", "end": "00:05:28", "text": "we've just covered makes you think that Ethereum�\nis just plain old boring by comparison, well,��"}, {"start": "00:05:28", "end": "00:05:33", "text": "you might be right. But that might actually be�\nits superpower. In a space that rewards hype,��"}, {"start": "00:05:33", "end": "00:05:38", "text": "narrative, and viral moments, Ethereum has�\nspent the last year or so being relentlessly,��"}, {"start": "00:05:38", "end": "00:05:46", "text": "stubbornly unsexy. Instead, Ethereum was cementing�\nits position as crypto's most mature ecosystem.��"}, {"start": "00:05:46", "end": "00:05:50", "text": "While dunking on Ethereum has become a pastime on�\ncrypto Twitter, many people forgot that Ethereum��"}, {"start": "00:05:50", "end": "00:05:56", "text": "is the dominant force in almost every crypto�\nnarrative. Just look at DeFi. 52% of the entire��"}, {"start": "00:05:56", "end": "00:06:02", "text": "DeFi ecosystem lives on Ethereum, accounting for�\n$44 billion. And that's not even including its��"}, {"start": "00:06:02", "end": "00:06:07", "text": "layer 2 ecosystem. That's just what lives on the�\nmainet. Then there's the tokenized real world��"}, {"start": "00:06:07", "end": "00:06:13", "text": "asset or RWA sector, which is quickly becoming the�\nmost important sector for crypto's institutional��"}, {"start": "00:06:13", "end": "00:06:21", "text": "adoption. Ethereum controls a massive 55% of the�\nmarket share, accounting for roughly $19 billion.��"}, {"start": "00:06:21", "end": "00:06:27", "text": "And of course, one specific type of RWA is stable�\ncoins, which are the backbone of the entire crypto��"}, {"start": "00:06:27", "end": "00:06:33", "text": "industry. Just over 50% of all stable coins�\nin circulation live on Ethereum and a massive��"}, {"start": "00:06:33", "end": "00:06:40", "text": "$164 billion. Heck, even if you look at the ETFs,�\nyou'll see a similar dominance there. Obviously,��"}, {"start": "00:06:40", "end": "00:06:45", "text": "the spot Bitcoin ETFs are in the league of their�\nown. But when it comes to altcoins, Ethereum is��"}, {"start": "00:06:45", "end": "00:06:50", "text": "miles ahead of its competitors. At the time of�\nshooting, Ethereum based ETFs have a combined��"}, {"start": "00:06:50", "end": "00:06:57", "text": "$16.6 billion in assets under management or AUM.�\nTrailing behind with less than $5 billion are��"}, {"start": "00:06:57", "end": "00:07:03", "text": "multi-asset ETFs, which consist of entire baskets�\nof cryptocurrencies. Now, what all of this shows��"}, {"start": "00:07:03", "end": "00:07:08", "text": "is that users would rather go where liquidity is�\ndeepest and where the rails are most trusted. It's��"}, {"start": "00:07:08", "end": "00:07:14", "text": "not exactly exciting. There's no hype around 100x�\nmeme coins, but there is liquidity. And this is��"}, {"start": "00:07:14", "end": "00:07:21", "text": "why institutional capital has chosen Ethereum as�\nits home. Institutions have deep, deep pockets.��"}, {"start": "00:07:21", "end": "00:07:25", "text": "They don't care if they have to pay more in fees�\nor wait a little bit longer for a transaction to��"}, {"start": "00:07:25", "end": "00:07:31", "text": "clear. What they care about is deep liquidity and�\na reliable architecture that keeps their massive��"}, {"start": "00:07:31", "end": "00:07:37", "text": "stacks of cash secure. That's why Ethereum's most�\nboring properties are also its most valuable.��"}, {"start": "00:07:37", "end": "00:07:41", "text": "Ethereum's upgrades journey so far. By now, you�\ncould see that Ethereum leads across multiple��"}, {"start": "00:07:41", "end": "00:07:46", "text": "narratives. The irony, though, is that it's not�\neven trying to. While other blockchains have been��"}, {"start": "00:07:46", "end": "00:07:50", "text": "chasing their product market fit, Ethereum�\nhas spent years rolling out major upgrades��"}, {"start": "00:07:50", "end": "00:07:55", "text": "to strengthen its core infrastructure. And if�\nyou're wondering why Ethereum's future still��"}, {"start": "00:07:55", "end": "00:08:00", "text": "looks bright, you only need to look at what it's�\nalready accomplished. Now, for context, Ethereum��"}, {"start": "00:08:00", "end": "00:08:05", "text": "upgrades are rolled out through hard forks, which�\nfor those who don't know are simultaneous upgrades��"}, {"start": "00:08:05", "end": "00:08:11", "text": "to both Ethereum's consensus layer and execution�\nlayer. Every upgrade has been huge for Ethereum,��"}, {"start": "00:08:11", "end": "00:08:17", "text": "but no upgrade was bigger than the merge, which�\ntook place in September of 2022. This was not only��"}, {"start": "00:08:17", "end": "00:08:22", "text": "Ethereum's biggest upgrade, but one of the biggest�\nfeats in the history of computer science. That's��"}, {"start": "00:08:22", "end": "00:08:27", "text": "because the merge marked Ethereum's transition�\nfrom proof of work to proof of stake. The name��"}, {"start": "00:08:27", "end": "00:08:32", "text": "came from Ethereum's mainet, merging with�\nthe beacon chain, Ethereum's consensus layer,��"}, {"start": "00:08:32", "end": "00:08:37", "text": "based on validators staking ETH rather than�\nminers using machines to secure the network.��"}, {"start": "00:08:37", "end": "00:08:43", "text": "It was an extremely complex process that required�\ndelicate execution. And yet, the devs implemented��"}, {"start": "00:08:43", "end": "00:08:49", "text": "it without the network experiencing any downtime.�\nRespect. The merge was followed by Chappella in��"}, {"start": "00:08:49", "end": "00:08:54", "text": "April 2023, which basically allowed people to�\nunstake the ETH that they'd locked away prior��"}, {"start": "00:08:54", "end": "00:08:59", "text": "to the merge. Admittedly, Chappella turned out to�\nbe a bit of a nothing burger. After that, though,��"}, {"start": "00:08:59", "end": "00:09:05", "text": "was the Denune upgrade, which was rolled�\nout in March 2024. Denkun had a much larger��"}, {"start": "00:09:05", "end": "00:09:10", "text": "impact on the network because it focused on making�\nEthereum cheaper and more efficient especially for��"}, {"start": "00:09:10", "end": "00:09:15", "text": "layer 2 rollup solutions like optimism and�\narbitum. The headline feature of Denune was��"}, {"start": "00:09:15", "end": "00:09:23", "text": "EIP 4844 which introduced proto dank sharding.�\nIt sounds complicated but basically introduced a��"}, {"start": "00:09:23", "end": "00:09:28", "text": "new temporary data type called blobs which allow�\nroll-ups to post transaction data more cheaply.��"}, {"start": "00:09:28", "end": "00:09:33", "text": "Blob data is stored temporarily instead of�\npermanently, dramatically lowering costs��"}, {"start": "00:09:33", "end": "00:09:39", "text": "without sacrificing security. The result is much�\ncheaper fees for users on layer 2 roll-ups. Then��"}, {"start": "00:09:39", "end": "00:09:44", "text": "after Denkun was the Pekra upgrade, which was�\nrolled out in May last year. Pectra focused��"}, {"start": "00:09:44", "end": "00:09:49", "text": "on network performance, validator deposits, and�\nmade improvements to how Denun's data blobs are��"}, {"start": "00:09:49", "end": "00:09:54", "text": "handled. More importantly though, Pekra brought�\nmajor improvements to the user experience for both��"}, {"start": "00:09:54", "end": "00:10:01", "text": "validators and the average user. On the validator�\nfront was EIP7251 which increased the maximum��"}, {"start": "00:10:01", "end": "00:10:08", "text": "balance per validator from 32 ETH to48 ETH. The�\npractical effect of this was that operators like��"}, {"start": "00:10:08", "end": "00:10:14", "text": "staking pools and institutions can consolidate�\ntheir validators into fewer units. This reduces��"}, {"start": "00:10:14", "end": "00:10:19", "text": "overhead, simplifies infrastructure and lowers the�\nbandwidth and operational burden on large stakers��"}, {"start": "00:10:19", "end": "00:10:25", "text": "while still preserving the decentralization at�\nthe protocol level. On the user front was EIP7702��"}, {"start": "00:10:25", "end": "00:10:30", "text": "which benefited Ethereum wallets. Basically,�\nPectra enhances account abstraction for Ethereum��"}, {"start": "00:10:30", "end": "00:10:35", "text": "wallets, allowing them to temporarily act�\nas smart contracts during transactions.��"}, {"start": "00:10:35", "end": "00:10:40", "text": "This lets them run custom code, unlocking new�\npossibilities like more secure transactions,��"}, {"start": "00:10:40", "end": "00:10:46", "text": "gasless transactions, transaction batching, and�\nimproved recovery options. All of which are major��"}, {"start": "00:10:46", "end": "00:10:51", "text": "improvements to the user experience. And this�\nbrings us to the most recent upgrade, Fusaka,��"}, {"start": "00:10:51", "end": "00:10:57", "text": "which was rolled out in December last year. Fusaka�\nfocused on making Ethereum even more scalable and��"}, {"start": "00:10:57", "end": "00:11:03", "text": "introduced a novel concept called peer-to-peer�\ndata availability sampling or pure DOSs for short.��"}, {"start": "00:11:03", "end": "00:11:08", "text": "To keep things simple, Pure DOS basically made it�\npossible for nodes to validate data by sampling��"}, {"start": "00:11:08", "end": "00:11:14", "text": "small pieces from different nodes, in other words,�\ntheir peers, rather than downloading everything.��"}, {"start": "00:11:14", "end": "00:11:18", "text": "It sounds a little boring, but this was a real�\nbig deal because it dramatically improved how��"}, {"start": "00:11:18", "end": "00:11:24", "text": "Ethereum handles data, resulting in cheaper and�\nmore scalable roll-ups. So then that brings us��"}, {"start": "00:11:24", "end": "00:11:29", "text": "up to date. As for what comes next, all eyes�\nare on the upcoming Glamsterdam upgrade. At��"}, {"start": "00:11:29", "end": "00:11:34", "text": "the time of shooting, there's no confirmed date�\nfor Glamsterdam's rollout, but it's expected to��"}, {"start": "00:11:34", "end": "00:11:38", "text": "happen in the first half of this year. So in the�\nvery near future, whenever it happens though,��"}, {"start": "00:11:38", "end": "00:11:44", "text": "it will bring improvements to Ethereum's layer�\nscalability. That's because Glamsterdam introduces��"}, {"start": "00:11:44", "end": "00:11:49", "text": "a concept called parallelization. Right now,�\nEthereum processes transactions one after another,��"}, {"start": "00:11:49", "end": "00:11:54", "text": "which can cause problems when the network�\nis congested. Glamsterdam changes this��"}, {"start": "00:11:54", "end": "00:11:59", "text": "so multiple transactions can be processed in�\nparallel, making the network run much faster,��"}, {"start": "00:11:59", "end": "00:12:04", "text": "even during busy periods. Then after Glamsterdam�\nis the Higod upgrade, scheduled for the second��"}, {"start": "00:12:04", "end": "00:12:10", "text": "half of 2026. Hugoto's details are still being�\nironed out. But the idea is to shift focus from��"}, {"start": "00:12:10", "end": "00:12:16", "text": "block production to statelessness and state�\nexpiry. It's a mouthful, but in simple terms,��"}, {"start": "00:12:16", "end": "00:12:21", "text": "it just means that Ethereum nodes won't need�\nto store an entire blockchain history anymore.��"}, {"start": "00:12:21", "end": "00:12:25", "text": "Naturally, this will be a major improvement to�\nnetwork efficiency, which should drastically��"}, {"start": "00:12:25", "end": "00:12:31", "text": "reduce congestion and fees. But it doesn't stop�\nthere. Ethereum developers are already mapping��"}, {"start": "00:12:31", "end": "00:12:36", "text": "out Ethereum's possible evolution throughout the�\nrest of this decade. In February of this year,��"}, {"start": "00:12:36", "end": "00:12:41", "text": "the Ethereum Foundation, the nonprofit�\ncoordinating Ethereum's development, published��"}, {"start": "00:12:41", "end": "00:12:47", "text": "a so-called straw map, which is essentially a road�\nmap that explores different possibilities rather��"}, {"start": "00:12:47", "end": "00:12:53", "text": "than committing to anything in full. This straw�\nmap outlines five goals: near instant transaction��"}, {"start": "00:12:53", "end": "00:12:59", "text": "finality, dramatically higher throughput, built-in�\nprivacy features, improved interoperability with��"}, {"start": "00:12:59", "end": "00:13:05", "text": "Ethereum's layer 2s, and quantum resistance�\nfeatures. No single path has been agreed on yet,��"}, {"start": "00:13:05", "end": "00:13:10", "text": "but any one of these directions would bring major�\nimprovements, whether in scalability, security,��"}, {"start": "00:13:10", "end": "00:13:15", "text": "user experience, or all of the above. In any�\ncase, the key takeaway is that Ethereum isn't��"}, {"start": "00:13:15", "end": "00:13:20", "text": "fighting any particular narrative war. Instead,�\nit's shipping out major improvements that ensure��"}, {"start": "00:13:20", "end": "00:13:25", "text": "it remains the dominant force it is today. Now,�\nif there's anything that you should take away from��"}, {"start": "00:13:25", "end": "00:13:31", "text": "this video, it's this. Ethereum has been slammed�\nby critics more times than we can count. After the��"}, {"start": "00:13:31", "end": "00:13:36", "text": "2018 bare market, after the DeFi summer hangover,�\nafter the gas fee crisis, after the merge hype��"}, {"start": "00:13:36", "end": "00:13:41", "text": "faded, even during the most recent crypto market�\ncycle, there's always someone ready to write its��"}, {"start": "00:13:41", "end": "00:13:46", "text": "obituary. Yet, Ethereum is stronger today than�\nit's ever been. I mean, just look at what Ethereum��"}, {"start": "00:13:46", "end": "00:13:52", "text": "has survived. It made it through the ICO boom and�\nbust of 2017. Its smart contracts gave birth to��"}, {"start": "00:13:52", "end": "00:13:57", "text": "DeFi from nothing. And years later, it continues�\nto host the majority of DeFi liquidity. Entire��"}, {"start": "00:13:57", "end": "00:14:02", "text": "sectors of crypto were built on Ethereum and never�\nleft. Yes, Ethereum lost the memecoin narrative to��"}, {"start": "00:14:02", "end": "00:14:07", "text": "Salana, but ultimately that didn't really matter�\nbecause while Salana was busy turnurning out��"}, {"start": "00:14:07", "end": "00:14:12", "text": "waves of shitcoins, Ethereum was busy becoming�\nthe backbone of institutional finance on the��"}, {"start": "00:14:12", "end": "00:14:19", "text": "blockchain. RWAS, tokenized treasuries, stable�\ncoin settlement, all roads led back to Ethereum.��"}, {"start": "00:14:19", "end": "00:14:24", "text": "Put simply, Ethereum has unmatched staying�\npower. Every cycle produces a chain that becomes��"}, {"start": "00:14:24", "end": "00:14:29", "text": "the latest digital casino. This cycle it was�\nSalana. Before that it was Binance Smart Chain,��"}, {"start": "00:14:29", "end": "00:14:36", "text": "now the BNB chain. Before that, it was Tron. And�\nbefore that, it was EOS. All of these chains had��"}, {"start": "00:14:36", "end": "00:14:42", "text": "something in common. Fast speed, cheaper fees,�\nand plenty of retail speculation. And to be clear,��"}, {"start": "00:14:42", "end": "00:14:47", "text": "every one of those chains is genuinely great�\nat what it does. But when the casino closes for��"}, {"start": "00:14:47", "end": "00:14:52", "text": "the night, the serious money is all that's�\nleft. And what they want is a settlement��"}, {"start": "00:14:52", "end": "00:14:57", "text": "layer. Settlement layers don't need to be flashy.�\nThey just need to be reliable, battle tested,��"}, {"start": "00:14:57", "end": "00:15:02", "text": "and trusted by people moving ungodly amounts of�\ncapital. Think of it this way, the New York Stock��"}, {"start": "00:15:02", "end": "00:15:08", "text": "Exchange is not exciting. Swift is not exciting,�\nbut you'd be crazy to bet against them just��"}, {"start": "00:15:08", "end": "00:15:14", "text": "because a faster alternative showed up. Ethereum�\nhas spent years earning that kind of institutional��"}, {"start": "00:15:14", "end": "00:15:18", "text": "trust. And that trust compounds over time in�\nways that raw throughput numbers simply don't��"}, {"start": "00:15:18", "end": "00:15:23", "text": "capture. Outside of Bitcoin, no crypto project�\nhas demonstrated anything close to Ethereum��"}, {"start": "00:15:23", "end": "00:15:28", "text": "staying power across multiple market cycles.�\nBitcoin's resilience is well understood. It��"}, {"start": "00:15:28", "end": "00:15:34", "text": "has a digital goal narrative. It has the ETFs and�\nit even has sovereign adoption. But Ethereum is��"}, {"start": "00:15:34", "end": "00:15:40", "text": "doing something genuinely different and arguably�\nharder. It's maintaining relevance as programmable��"}, {"start": "00:15:40", "end": "00:15:45", "text": "infrastructure across the entire crypto industry.�\nThere's a reason why Ethereum has so comfortably��"}, {"start": "00:15:45", "end": "00:15:51", "text": "survived even as competing blockchains have�\nrepeatedly tried to kill it. ETH's price might not��"}, {"start": "00:15:51", "end": "00:15:57", "text": "always melt faces. I mean, we only need to look at�\nthe last cycle to see that. And to be blunt, ETH's��"}, {"start": "00:15:57", "end": "00:16:01", "text": "price will probably underperform in future cycles,�\ntoo. There will be times where the narrative seems��"}, {"start": "00:16:01", "end": "00:16:07", "text": "broken and where something newer and faster comes�\nalong. But that's just the nature of crypto.��"}, {"start": "00:16:07", "end": "00:16:12", "text": "But Ethereum has a structural advantage that�\nno other project has ever replicated and likely��"}, {"start": "00:16:12", "end": "00:16:16", "text": "won't be able to replicate in the future. And with�\nthat, that's going to be all from me for today.��"}, {"start": "00:16:16", "end": "00:16:22", "text": "But I want to hear from you. Are you bullish on�\nEthereum's future? Do you hold any ETH? Or do you��"}, {"start": "00:16:22", "end": "00:16:26", "text": "think that Ethereum's days as the second largest�\ncrypto by market cap are pretty much numbered?��"}, {"start": "00:16:26", "end": "00:16:30", "text": "Let us know your thoughts in the comments down�\nbelow because we would love to hear from you.��"}, {"start": "00:16:30", "end": "00:16:34", "text": "And if you want to learn more about how you could�\nuse Ethereum without getting rinsed in fees,��"}, {"start": "00:16:34", "end": "00:16:39", "text": "well then check out the video right over here.�\nAnd if you want to learn more about Ethereum's��"}, {"start": "00:16:39", "end": "00:16:44", "text": "latest Fusaka upgrade and what comes next,�\nwell, check out the video right over here.��"}, {"start": "00:16:44", "end": "00:16:48", "text": "Thank you all so much for watching and I'll see�\nyou again very soon. This is Louis over and out."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "Even if you've only been in crypto for 5 minutes,�\nyou'll have heard of Ethereum. But not everyone��"}, {"start": "00:00:07", "end": "00:00:14", "text": "understands what it is, how it works, how much�\nit's changed in recent years, or why it's the��"}, {"start": "00:00:14", "end": "00:00:21", "text": "second largest crypto after Bitcoin. So today,�\nwe're going to look at everything you need to��"}, {"start": "00:00:21", "end": "00:00:30", "text": "know to understand Ethereum as it stands in 2026.�\nMy name is Guy and this is the coin bureau. Okay,��"}, {"start": "00:00:30", "end": "00:00:36", "text": "let's start of all places from the beginning.�\nEthereum was created by Vitalic Buterin,��"}, {"start": "00:00:36", "end": "00:00:45", "text": "one of eight co-founders. Yes, eight. It was�\nfounded in 2013 and officially launched in 2015.��"}, {"start": "00:00:45", "end": "00:00:52", "text": "And its goal wasn't to replace money, but�\nto act as a global decentralized computer,��"}, {"start": "00:00:52", "end": "00:00:59", "text": "enabling functions and decentralized applications�\nor DAPs that just aren't possible on the Bitcoin��"}, {"start": "00:00:59", "end": "00:01:06", "text": "network. Like Bitcoin though, Ethereum originally�\nlaunched as a proofof work blockchain with miners��"}, {"start": "00:01:06", "end": "00:01:14", "text": "earning the network's native coin, ETH. However,�\nin 2022, Ethereum transitioned to proof of stake.��"}, {"start": "00:01:14", "end": "00:01:22", "text": "Now in simple terms this means the network is�\nnow secured by validators instead of miners.��"}, {"start": "00:01:22", "end": "00:01:28", "text": "And incidentally this is also where ETH gets�\nits value. Validators secure the network by��"}, {"start": "00:01:28", "end": "00:01:35", "text": "locking up or staking ETH. In return they�\nearn a yield on that staked ETH along with��"}, {"start": "00:01:35", "end": "00:01:41", "text": "network fees for validating transactions. In�\nshort, Ethereum's native asset, ETH, is used��"}, {"start": "00:01:41", "end": "00:01:48", "text": "to secure the network itself. ETH is also used�\nto pay gas fees, run smart contract functions,��"}, {"start": "00:01:48", "end": "00:01:55", "text": "and of course, send money to other users. On�\ntop of that, a small amount of ETH is burned,��"}, {"start": "00:01:55", "end": "00:02:03", "text": "that is removed from circulation with every�\ntransaction, making it a scarcer asset over time.��"}, {"start": "00:02:03", "end": "00:02:09", "text": "We'll come back to Ethereum's transactions and�\nsmart contracts in just a moment, though. Now,��"}, {"start": "00:02:09", "end": "00:02:16", "text": "originally, Ethereum ran as a single blockchain,�\nhandling everything on that one chain. Over time,��"}, {"start": "00:02:16", "end": "00:02:22", "text": "though, it became clear it had hard�\nscalability limits. The more people used it,��"}, {"start": "00:02:22", "end": "00:02:28", "text": "the slower and more expensive it became. So to�\nsolve this, other blockchains were built on top��"}, {"start": "00:02:28", "end": "00:02:36", "text": "of Ethereum's mainet, known as layer 2s or L2s.�\nThese layer 2s were developed to help process��"}, {"start": "00:02:36", "end": "00:02:43", "text": "Ethereum transactions off-chain or semioffchain�\nwhile still inheriting Ethereum security. Now,��"}, {"start": "00:02:43", "end": "00:02:49", "text": "layer 2s dramatically reduce fees, increase�\nthroughput, and enable realworld apps to��"}, {"start": "00:02:49", "end": "00:02:56", "text": "actually function at scale without sacrificing�\ndecentralization on the Ethereum mainet. Today,��"}, {"start": "00:02:56", "end": "00:03:02", "text": "there are dozens of layer 2 blockchains, each with�\ntheir own capabilities. As a result, Ethereum is��"}, {"start": "00:03:02", "end": "00:03:10", "text": "now best understood as a layered network made up�\nof mainet, layer 2s, wallets, validators, bridges,��"}, {"start": "00:03:10", "end": "00:03:17", "text": "and DAPs. Each component has its own role, but�\nhow they work together is what makes Ethereum the��"}, {"start": "00:03:17", "end": "00:03:25", "text": "largest ecosystem in crypto. So that's Ethereum�\nin a nutshell. But how does it actually work? To��"}, {"start": "00:03:25", "end": "00:03:32", "text": "refresh your memory, Ethereum is essentially a�\nshared global computer. It's not owned by a tech��"}, {"start": "00:03:32", "end": "00:03:38", "text": "giant, government, or indeed any other single�\nentity. Anyone with an internet connection can��"}, {"start": "00:03:38", "end": "00:03:44", "text": "access it and no one can switch it off or control�\nit. When you interact with Ethereum, you're��"}, {"start": "00:03:44", "end": "00:03:51", "text": "sending instructions to this global computer and�\npaying for them to be processed. That payment is��"}, {"start": "00:03:51", "end": "00:03:57", "text": "made in ETH. Ethereum's aforementioned native�\ncurrency, and ETH is essentially the fuel that��"}, {"start": "00:03:57", "end": "00:04:05", "text": "powers the entire ecosystem. Every time you send�\na transaction, swap tokens, or use an application,��"}, {"start": "00:04:05", "end": "00:04:13", "text": "you pay a small fee in ETH. These fees are called�\ngas, and they reflect how much computational work��"}, {"start": "00:04:13", "end": "00:04:19", "text": "your transaction requires. Now, remember how I�\nsaid that Ethereum was slow and expensive. Well,��"}, {"start": "00:04:19", "end": "00:04:25", "text": "to some extent, that is still true. The�\ngood news, though, is that fees have dropped��"}, {"start": "00:04:25", "end": "00:04:31", "text": "dramatically since the early days. As I record�\nthis, the average transaction fee on the Ethereum��"}, {"start": "00:04:31", "end": "00:04:39", "text": "mainet is around40, which is nothing compared to�\nwhat it used to be. During the 2021 bull market,��"}, {"start": "00:04:39", "end": "00:04:47", "text": "paying close to $100 just to swap some tokens�\nwasn't unusual. And yes, I am serious. Still,��"}, {"start": "00:04:47", "end": "00:04:54", "text": "40 cents is pretty high compared to many other�\nblockchains, which is why most people prefer using��"}, {"start": "00:04:54", "end": "00:05:01", "text": "layer 2 networks where fees can be just a fraction�\nof a cent. But you might be wondering why gas fees��"}, {"start": "00:05:01", "end": "00:05:07", "text": "exist at all. Well, without gas, the network�\nwould be vulnerable to spam, infinite loops,��"}, {"start": "00:05:07", "end": "00:05:14", "text": "and resource abuse, all of which could cause major�\ncongestion and ultimately network failure. So��"}, {"start": "00:05:14", "end": "00:05:20", "text": "think of gas as an economic guardrail that keeps�\nthe global computer running. You want to run code,��"}, {"start": "00:05:20", "end": "00:05:25", "text": "you pay for it. You want to run more complex code,�\nyou pay more. Simple as that. Now to interact with��"}, {"start": "00:05:25", "end": "00:05:31", "text": "Ethereum, you need a wallet which holds the�\nprivate keys proving you control a specific��"}, {"start": "00:05:31", "end": "00:05:38", "text": "address. Broadly speaking, wallets fall into two�\ncategories, hot and cold. Hot wallets are usually��"}, {"start": "00:05:38", "end": "00:05:44", "text": "apps or browser extensions. They're normally�\nfree, but they stay connected to the internet at��"}, {"start": "00:05:44", "end": "00:05:52", "text": "all times, so they are more exposed to potential�\nhacks and exploits. That's why cold wallets are��"}, {"start": "00:05:52", "end": "00:05:59", "text": "arguably the better solution in many cases. These�\nare hardware devices that keep your private keys��"}, {"start": "00:05:59", "end": "00:06:05", "text": "safely offline, protecting against those same�\nrisks. Yes, you have to pay for one, but they're��"}, {"start": "00:06:05", "end": "00:06:10", "text": "not very expensive and are probably the best�\ninvestment you'll make throughout your crypto��"}, {"start": "00:06:10", "end": "00:06:17", "text": "journey. Think of the cost as an insurance policy�\nworth every penny. The real magic of Ethereum,��"}, {"start": "00:06:17", "end": "00:06:23", "text": "though, is smart contracts. In a nutshell, smart�\ncontracts are self-executing bits of code that��"}, {"start": "00:06:23", "end": "00:06:29", "text": "run on Ethereum automatically without human�\nintervention. There's no company processing��"}, {"start": "00:06:29", "end": "00:06:36", "text": "your request and no employee clicking approve,�\njust code that runs without question. Now,��"}, {"start": "00:06:36", "end": "00:06:43", "text": "smart contracts enable something awesome called�\ndecentralized finance or DeFi. DeFi lets you��"}, {"start": "00:06:43", "end": "00:06:50", "text": "do many of the same things you'd expect from a�\ncentralized exchange, but without the middleman.��"}, {"start": "00:06:50", "end": "00:06:55", "text": "So instead of sending your tokens to an�\nexchange, trusting them with your funds,��"}, {"start": "00:06:55", "end": "00:07:01", "text": "and waiting for them to process your trade, a�\nsmart contract handles everything in a single��"}, {"start": "00:07:01", "end": "00:07:07", "text": "transaction. If the necessary conditions�\naren't met, then nothing happens and your��"}, {"start": "00:07:07", "end": "00:07:14", "text": "funds are returned. If those conditions are met,�\nhowever, the transaction executes. Either way,��"}, {"start": "00:07:14", "end": "00:07:20", "text": "counterparty risk is massively reduced. In any�\ncase, Ethereum may be slower and more expensive��"}, {"start": "00:07:20", "end": "00:07:27", "text": "than most, but it's also the most secure smart�\ncontract blockchain out there. Its capabilities��"}, {"start": "00:07:27", "end": "00:07:34", "text": "are second to none, and the fact that it's never�\nsuffered a major outage since launching in 2015��"}, {"start": "00:07:34", "end": "00:07:41", "text": "says a lot. That's more than you can say for many�\nof its competitors. Now, Ethereum's strong track��"}, {"start": "00:07:41", "end": "00:07:48", "text": "record is exactly why it's home to a massive chunk�\nof the DeFi ecosystem. a huge number of stable��"}, {"start": "00:07:48", "end": "00:07:55", "text": "coins and the largest share of the broader crypto�\nmarket. Even with growing competition, there's no��"}, {"start": "00:07:55", "end": "00:08:00", "text": "sign of it being overtaken anytime soon. And by�\nthe way, if you want to keep up with the crypto��"}, {"start": "00:08:00", "end": "00:08:06", "text": "market as these chains compete, then you should�\nsign up for the Coinb's weekly crypto newsletter.��"}, {"start": "00:08:06", "end": "00:08:11", "text": "That's where our research team breaks down the�\nbiggest stories shaping the crypto market and��"}, {"start": "00:08:11", "end": "00:08:18", "text": "highlights key catalysts for the week ahead. And�\nbest of all, it's completely free. Hey, what's not��"}, {"start": "00:08:18", "end": "00:08:25", "text": "to love? So, sign up today using the link below�\nor by scanning the QR code on screen now. Okay,��"}, {"start": "00:08:25", "end": "00:08:31", "text": "I want to pick up on something I mentioned�\nearlier. One of Ethereum's biggest problems has��"}, {"start": "00:08:31", "end": "00:08:37", "text": "always been scalability since it's historically�\nbeen slow and expensive. Ironically, this is a��"}, {"start": "00:08:37", "end": "00:08:44", "text": "result of Ethereum's own success. As more crypto�\nprojects and tokens have launched on the network,��"}, {"start": "00:08:44", "end": "00:08:50", "text": "more users have been attracted worldwide. As a�\nresult, each user is effectively competing against��"}, {"start": "00:08:50", "end": "00:08:57", "text": "other users to have their transactions approved by�\nvalidators. However, only so much transaction data��"}, {"start": "00:08:57", "end": "00:09:04", "text": "can fit into one block. So, these blocks start�\nto back up. This creates long transaction cues.��"}, {"start": "00:09:04", "end": "00:09:12", "text": "Hence why Ethereum is slow. And the only way to be�\nprioritized is to pay more for gas fees. Hence why��"}, {"start": "00:09:12", "end": "00:09:19", "text": "Ethereum is expensive. But here's the problem.�\nEvery blockchain has three major focus points:��"}, {"start": "00:09:19", "end": "00:09:26", "text": "security, decentralization, and scalability.�\nThe catch is that it's impossible for all three��"}, {"start": "00:09:26", "end": "00:09:32", "text": "of these things to thrive at the same time. It's�\nsomething that Ethereum creator Vitalik Berin has��"}, {"start": "00:09:32", "end": "00:09:40", "text": "dubbed the blockchain trillemma. and Ethereum is�\nno exception. For context, Ethereum is extremely��"}, {"start": "00:09:40", "end": "00:09:46", "text": "decentralized with hundreds of thousands of�\nvalidators globally. This also makes it secure��"}, {"start": "00:09:46", "end": "00:09:52", "text": "since it would be very difficult for attackers�\nto manipulate those validators. However, having��"}, {"start": "00:09:52", "end": "00:09:59", "text": "a system spread across so many machines also�\nleads to slower performance. Decentralization,��"}, {"start": "00:09:59", "end": "00:10:07", "text": "check. Security, check. Scalability, well, not�\nso much. So, how do you scale a decentralized��"}, {"start": "00:10:07", "end": "00:10:14", "text": "network without making it less decentralized?�\nWell, Ethereum's answer is roll-ups. Here's how��"}, {"start": "00:10:14", "end": "00:10:21", "text": "they work. Instead of executing every transaction�\ndirectly on the Ethereum mainet, a rollup takes a��"}, {"start": "00:10:21", "end": "00:10:28", "text": "large batch of transactions, processes them as one�\nrolledup transaction on its own separate network,��"}, {"start": "00:10:28", "end": "00:10:36", "text": "then posts a summary back to Ethereum. This way,�\nthe Ethereum mainet, the layer 1, doesn't need to��"}, {"start": "00:10:36", "end": "00:10:43", "text": "verify every individual transaction. It just needs�\nto confirm one transaction summary. This also��"}, {"start": "00:10:43", "end": "00:10:49", "text": "makes layer 2 transactions much faster and cheaper�\nthan they are on the layer 1. Notably though,��"}, {"start": "00:10:49", "end": "00:10:56", "text": "layer 2 blockchains inherit their security from�\nEthereum. So, it's the best of both worlds. Now,��"}, {"start": "00:10:56", "end": "00:11:02", "text": "there are lots of layer 2 out there, and each�\none works differently. Broadly speaking though,��"}, {"start": "00:11:02", "end": "00:11:11", "text": "there are two main types. Optimistic roll-ups and�\nzero knowledge or ZK roll-ups. Optimistic roll-ups��"}, {"start": "00:11:11", "end": "00:11:18", "text": "like arbitum and base are optimistic because they�\nassume transactions are valid by default and only��"}, {"start": "00:11:18", "end": "00:11:25", "text": "run a verification process if someone raises a�\nchallenge within a set window. ZK rollups like��"}, {"start": "00:11:25", "end": "00:11:31", "text": "ZKSync and Starknet take a different approach,�\ngenerating a cryptographic proof for each batch��"}, {"start": "00:11:31", "end": "00:11:37", "text": "of transactions that confirms they were executed�\ncorrectly. Ethereum doesn't need to check each��"}, {"start": "00:11:37", "end": "00:11:43", "text": "transaction one by one. It just verifies this�\nsingle proof along with a small summary of the��"}, {"start": "00:11:43", "end": "00:11:51", "text": "results. Now, both approaches work and both are in�\nactive use. ZK roll-ups are seen as more effective��"}, {"start": "00:11:51", "end": "00:11:59", "text": "but are far more complex. As such, optimistic�\nroll-ups dominate by sheer volume. Specifically,��"}, {"start": "00:11:59", "end": "00:12:08", "text": "three optimistic rollup solutions, base, arbitrum,�\nand optimism currently process nearly 90% of all��"}, {"start": "00:12:08", "end": "00:12:14", "text": "layer 2 transactions. As for Ethereum itself, it�\nhasn't been left behind. It's simply evolved its��"}, {"start": "00:12:14", "end": "00:12:21", "text": "role. Rather than being the place where every�\nswap and transfer happens, Ethereum is now best��"}, {"start": "00:12:21", "end": "00:12:27", "text": "understood as a settlement and security layer�\nwhere rollups post their data. And this brings��"}, {"start": "00:12:27", "end": "00:12:35", "text": "us to Ethereum's user experience. And honestly,�\nfor most of its history, actually using Ethereum��"}, {"start": "00:12:35", "end": "00:12:40", "text": "was pretty painful, even for those who knew what�\nthey were doing. Thankfully though, Ethereum's��"}, {"start": "00:12:40", "end": "00:12:47", "text": "user experience in 2026 is far better than it�\nonce was with multiple upgrades bringing major��"}, {"start": "00:12:47", "end": "00:12:53", "text": "improvements. These upgrades take the form of hard�\nforks which are basically simultaneous upgrades��"}, {"start": "00:12:53", "end": "00:13:00", "text": "to Ethereum's consensus layer called the beacon�\nchain and its execution layer. For context, one��"}, {"start": "00:13:00", "end": "00:13:06", "text": "of the biggest upgrades to Ethereum was the merge�\nin September 2022, marking Ethereum's transition��"}, {"start": "00:13:06", "end": "00:13:12", "text": "from proof of work to proof of stake. As a fun�\nfact, the merge was such a huge technological��"}, {"start": "00:13:12", "end": "00:13:19", "text": "achievement that it was even compared to�\nrebuilding the engine of an aircraft mid-flight.��"}, {"start": "00:13:19", "end": "00:13:26", "text": "And yet, it was carried out without a hitch.�\nAnyhow, these hard forks are major upgrades to the��"}, {"start": "00:13:26", "end": "00:13:34", "text": "Ethereum mainet that incorporate multiple Ethereum�\nimprovement proposals or EIPs. And best of all,��"}, {"start": "00:13:34", "end": "00:13:41", "text": "these EIPs focus on both network scalability and�\nrevamping the user experience to make Ethereum��"}, {"start": "00:13:41", "end": "00:13:49", "text": "as competitive as possible. One of these major�\nupgrades was Pectra, rolled out in May last year.��"}, {"start": "00:13:49", "end": "00:13:55", "text": "It introduced 11 EIPs focused on network�\nperformance, validator deposits, and changes��"}, {"start": "00:13:55", "end": "00:14:02", "text": "to how data blobs are handled. And for those�\nwondering, blobs are basically cheap data packets��"}, {"start": "00:14:02", "end": "00:14:08", "text": "that layer 2 attach to mainnet blocks. They're�\na bit outside this video's scope, but the point��"}, {"start": "00:14:08", "end": "00:14:16", "text": "is that Peterra improved how these blobs work,�\nmaking layer 2 rollups even faster and cheaper��"}, {"start": "00:14:16", "end": "00:14:24", "text": "as a result. But perhaps the most exciting change�\nwas EIP7702 which had a major impact on Ethereum��"}, {"start": "00:14:24", "end": "00:14:30", "text": "wallets. It introduced something called account�\nabstraction allowing wallets to temporarily act��"}, {"start": "00:14:30", "end": "00:14:37", "text": "as smart contracts during transactions. This lets�\nthem run custom code unlocking new possibilities��"}, {"start": "00:14:37", "end": "00:14:43", "text": "like more secure transactions, gasless�\ntransactions, transaction batching, and improved��"}, {"start": "00:14:43", "end": "00:14:49", "text": "recovery options. Now, another major Ethereum�\nhard fork that brought major improvements to��"}, {"start": "00:14:49", "end": "00:14:57", "text": "the user experience was the Fusaka upgrade, which�\nwas rolled out in December last year. Fusaka is��"}, {"start": "00:14:57", "end": "00:15:04", "text": "Ethereum's most recent upgrade and brought 13 EIPs�\nthat built on the Pectra upgrade to make Ethereum��"}, {"start": "00:15:04", "end": "00:15:12", "text": "even more scalable. The EIP in the spotlight�\nthis time was EIP7594 which introduced peer��"}, {"start": "00:15:12", "end": "00:15:20", "text": "data availability sampling or peer DS. It's not�\nquite as sexy as the EIPs introduced in Pectra,��"}, {"start": "00:15:20", "end": "00:15:27", "text": "but it was just as important. That's because�\nit's essentially the holy grail of scaling.��"}, {"start": "00:15:27", "end": "00:15:34", "text": "Instead of downloading an entire data blob, Fusaka�\nmade it so validators only need to download a��"}, {"start": "00:15:34", "end": "00:15:41", "text": "slice of it to confirm it exists. This reduced the�\namount of data that a node needs to download by��"}, {"start": "00:15:41", "end": "00:15:50", "text": "roughly 87%. This also means that layer 2s can�\nnow post more frequently to the mainet at just��"}, {"start": "00:15:50", "end": "00:15:56", "text": "a fraction of the cost. But that's not even the�\nmost exciting part. The upgrade also introduced��"}, {"start": "00:15:56", "end": "00:16:03", "text": "the first ever rollup improvement proposal�\nor RIP. While that might sound a bit ominous,��"}, {"start": "00:16:03", "end": "00:16:10", "text": "what it did was introduce pass key authentication.�\nThis means that you can now use biometrics like��"}, {"start": "00:16:10", "end": "00:16:16", "text": "your fingerprint or facial recognition to�\nauthorize transactions. Now, collectively,��"}, {"start": "00:16:16", "end": "00:16:22", "text": "these upgrades have reduced barriers like high�\nfees and complex key management while making layer��"}, {"start": "00:16:22", "end": "00:16:28", "text": "2 even more efficient than they already were. Now,�\nthese changes don't just help current users. They��"}, {"start": "00:16:28", "end": "00:16:35", "text": "also ensure that future adopters won't be put�\noff by clunky user experiences or high fees. And��"}, {"start": "00:16:35", "end": "00:16:42", "text": "today, Ethereum isn't such a nightmare to navigate�\nanymore. In fact, it's becoming fairly seamless.��"}, {"start": "00:16:42", "end": "00:16:48", "text": "So then this raises the question of what�\nEthereum's 2026 road map looks like. Well,��"}, {"start": "00:16:48", "end": "00:16:53", "text": "the next hard fork upgrade is Glamsterdam, which�\nsounds like a music festival with far too much��"}, {"start": "00:16:53", "end": "00:16:59", "text": "glitter involved. It's scheduled for the first�\nhalf of this year, and with not much of that left,��"}, {"start": "00:16:59", "end": "00:17:06", "text": "that suggests it could happen very soon. Now, in�\na nutshell, Glamsterdam sets the stage for future��"}, {"start": "00:17:06", "end": "00:17:12", "text": "upgrades focused on improving Ethereum's layer�\n1 scalability. And to do this, Glamsterdam will��"}, {"start": "00:17:12", "end": "00:17:18", "text": "introduce a concept called parallelization, which�\nisn't the easiest thing to say after a few drinks.��"}, {"start": "00:17:18", "end": "00:17:26", "text": "But what does it actually mean? Well, right now,�\nEthereum processes transactions one after another,��"}, {"start": "00:17:26", "end": "00:17:34", "text": "like cars in a single lane. Glamsterdam changes�\nthis so multiple transactions can be processed in��"}, {"start": "00:17:34", "end": "00:17:42", "text": "parallel, so like multiple lanes. This will make�\nthe network faster even during busy periods. Then��"}, {"start": "00:17:42", "end": "00:17:47", "text": "after Glamsterdam comes the Hegota upgrade�\nscheduled for the second half of this year,��"}, {"start": "00:17:47", "end": "00:17:54", "text": "most likely around Q4. Heota follows Glamsterdam�\non Ethereum's road map, shifting focus from block��"}, {"start": "00:17:54", "end": "00:18:01", "text": "production to statelessness and state expiry.�\nIt's a mouthful, but in simple terms, this means��"}, {"start": "00:18:01", "end": "00:18:08", "text": "Ethereum nodes won't need to store the entire�\nblockchain history anymore. much more efficient.��"}, {"start": "00:18:08", "end": "00:18:13", "text": "In other words, beyond these upgrades though,�\ndevelopers are already considering how Ethereum��"}, {"start": "00:18:13", "end": "00:18:19", "text": "might evolve through the rest of this decade. In�\nFebruary of this year, the Ethereum Foundation,��"}, {"start": "00:18:19", "end": "00:18:26", "text": "the nonprofit coordinating Ethereum's development,�\nput forward a so-called straw map. Essentially,��"}, {"start": "00:18:26", "end": "00:18:34", "text": "a road map exploring possible future directions�\nrather than committing to anything concrete. Now,��"}, {"start": "00:18:34", "end": "00:18:41", "text": "essentially this straw map outlines five different�\ngoals, each one being very ambitious. So,��"}, {"start": "00:18:41", "end": "00:18:48", "text": "these goals are near instant transaction finality,�\ndramatically higher throughput, built-in privacy��"}, {"start": "00:18:48", "end": "00:18:55", "text": "features, increased interoperability between�\nEthereum and its layer 2s, and quantum resistance��"}, {"start": "00:18:55", "end": "00:19:02", "text": "features. These are all huge targets that would�\nmake Ethereum more scalable while preserving its��"}, {"start": "00:19:02", "end": "00:19:08", "text": "longevity. More importantly though, these pathways�\nwould essentially make Ethereum the most capable��"}, {"start": "00:19:08", "end": "00:19:14", "text": "blockchain out there, setting it leagues above�\neven its top competitors. And intriguingly,��"}, {"start": "00:19:14", "end": "00:19:20", "text": "this comes shortly after Vital Butarin suggested�\nthat outsourcing Ethereum scalability to layer��"}, {"start": "00:19:20", "end": "00:19:27", "text": "2 doesn't make sense as a long-term solution.�\nInstead, he proposed a more balanced approach��"}, {"start": "00:19:27", "end": "00:19:32", "text": "focused on both the base layer and the layer�\n2 supporting it. Whatever the case, though,��"}, {"start": "00:19:32", "end": "00:19:41", "text": "Ethereum is set to change significantly before�\n2030. And these changes sound very bullish. So,��"}, {"start": "00:19:41", "end": "00:19:47", "text": "where does this leave Ethereum in 2026? Well,�\nthe answer isn't as clear-cut as you might think.��"}, {"start": "00:19:47", "end": "00:19:53", "text": "Ethereum continues to dominate the radar of both�\nretail and institutional investors and the chances��"}, {"start": "00:19:53", "end": "00:20:00", "text": "of it being overtaken feel increasingly unlikely.�\nHowever, there are still some significant��"}, {"start": "00:20:00", "end": "00:20:06", "text": "unresolved issues. Let's start with the bull�\ncase since it's the most obvious. Right now,��"}, {"start": "00:20:06", "end": "00:20:14", "text": "Ethereum controls around 52% of all total value�\nlocked or TVL across the entire DeFi ecosystem.��"}, {"start": "00:20:14", "end": "00:20:20", "text": "And that's not even including its layer 2�\necosystem. That dominance is hard to ignore��"}, {"start": "00:20:20", "end": "00:20:25", "text": "and points to real adoption from institutional�\ninvestors. It's a similar story with stable��"}, {"start": "00:20:25", "end": "00:20:32", "text": "coins where just over 50% in circulation�\nlive on the Ethereum mainet. And Ethereum��"}, {"start": "00:20:32", "end": "00:20:40", "text": "dominates again with tokenized real world assets�\nor RWAs accounting for 53% of the market share.��"}, {"start": "00:20:40", "end": "00:20:46", "text": "Put simply, Ethereum remains central to DeFi,�\nstable coins, and RWAs. And the reason is��"}, {"start": "00:20:46", "end": "00:20:52", "text": "simple. Ethereum may not be the fastest smart�\ncontract blockchain or the cheapest to use,��"}, {"start": "00:20:52", "end": "00:21:01", "text": "at least not yet. But it is the most secure, and�\nthat's what institutions value most. They don't��"}, {"start": "00:21:01", "end": "00:21:07", "text": "mind paying a bit more or waiting a bit longer�\nif it means their funds are better protected.��"}, {"start": "00:21:07", "end": "00:21:14", "text": "However, Ethereum also faces important challenges�\nand one of the biggest is liquidity fragmentation.��"}, {"start": "00:21:14", "end": "00:21:21", "text": "As Ethereum has scaled using roll-ups and layer 2�\nnetworks, assets and users have spread across many��"}, {"start": "00:21:21", "end": "00:21:27", "text": "different chains. While this improves performance,�\nit can make the user experience confusing and��"}, {"start": "00:21:27", "end": "00:21:34", "text": "inefficient. Moving funds between networks often�\nrequires bridges, which add complexity, cost,��"}, {"start": "00:21:34", "end": "00:21:40", "text": "and security risks. For beginners especially,�\nthis fragmented landscape can feel overwhelming��"}, {"start": "00:21:40", "end": "00:21:45", "text": "compared to simpler, more centralized�\nplatforms. And to make matters worse,��"}, {"start": "00:21:45", "end": "00:21:52", "text": "layer 2s are inherently centralized. Remember what�\nwe said earlier about the blockchain trillemma.��"}, {"start": "00:21:52", "end": "00:21:59", "text": "Layer 2s are obviously scalable and inherit the�\nsecurity of Ethereum. Logically, this means that��"}, {"start": "00:21:59", "end": "00:22:06", "text": "decentralization takes a hit. And this is very�\nmuch the case. That's because most layer 2s are��"}, {"start": "00:22:06", "end": "00:22:12", "text": "able to gain their high performance by running�\non just a single sequencer node. Obviously,��"}, {"start": "00:22:12", "end": "00:22:18", "text": "that means these sequencer nodes are also a�\nsingle point of failure. And some have even��"}, {"start": "00:22:18", "end": "00:22:25", "text": "argued that this technically makes Ethereum itself�\nmore centralized as a result. An even larger risk��"}, {"start": "00:22:25", "end": "00:22:31", "text": "is where market demand ultimately settles. If�\nusers and traders increasingly prefer centralized��"}, {"start": "00:22:31", "end": "00:22:38", "text": "DeFi platforms or CDI, or if they prefer private�\nchains or standalone networks like Hyperlquid,��"}, {"start": "00:22:38", "end": "00:22:45", "text": "then Ethereum could still shape the industry's�\ntechnology without capturing much upside. In��"}, {"start": "00:22:45", "end": "00:22:52", "text": "that scenario, Ethereum's ideas and standards�\nmight be widely adopted, but activity, fees,��"}, {"start": "00:22:52", "end": "00:22:59", "text": "and profits could flow elsewhere. This would be a�\nhuge dampener on ETH's upside potential. Even if��"}, {"start": "00:22:59", "end": "00:23:07", "text": "Ethereum's influence continues to grow. So overall�\nthen, Ethereum is showing real strength in 2026,��"}, {"start": "00:23:07", "end": "00:23:14", "text": "but not much certainty. Its technology, ecosystem,�\nand credibility give it a clear advantage. While��"}, {"start": "00:23:14", "end": "00:23:21", "text": "competition, fragmentation, and shifting user�\npreferences still pose real concerns. So the��"}, {"start": "00:23:21", "end": "00:23:28", "text": "challenge now is to simplify the user experience,�\nreconnect liquidity, and stay dominant. But with��"}, {"start": "00:23:28", "end": "00:23:34", "text": "everything in the pipeline, Ethereum is likely to�\ncapture enough mind share and capital to maintain��"}, {"start": "00:23:34", "end": "00:23:41", "text": "its place at the very forefront of the crypto�\nindustry. Whether that's reflected in ETH's price,��"}, {"start": "00:23:41", "end": "00:23:47", "text": "though, is well, another question entirely. And�\nthat's about all from me for today, folks. But��"}, {"start": "00:23:47", "end": "00:23:52", "text": "before we go, what do you think? Are you bullish�\non Ethereum? Let us know in the comments. Now,��"}, {"start": "00:23:52", "end": "00:23:59", "text": "if you want to see what would happen if ETH were�\nto go to zero, then check out the video over here.��"}, {"start": "00:23:59", "end": "00:24:04", "text": "But if you're wondering if ETH presents a good�\nopportunity, then check out the video right here.��"}, {"start": "00:24:04", "end": "00:24:10", "text": "Okay, thank you all so much for watching and�\nI'll see you again soon. This is Guy. Over and"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:11", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:13", "text": "and how it just closed back below the"}, {"start": "00:00:11", "end": "00:00:15", "text": "bare market resistance band. If you guys"}, {"start": "00:00:13", "end": "00:00:16", "text": "like the content, make sure you"}, {"start": "00:00:15", "end": "00:00:19", "text": "subscribe to the channel, give the video"}, {"start": "00:00:16", "end": "00:00:22", "text": "a thumbs up, and also check out the sale"}, {"start": "00:00:19", "end": "00:00:24", "text": "on Into the Cryptoverse Premium at into"}, {"start": "00:00:22", "end": "00:00:28", "text": "the cryptoverse.com."}, {"start": "00:00:24", "end": "00:00:30", "text": "You'll have to excuse my voice. Um, I"}, {"start": "00:00:28", "end": "00:00:35", "text": "lost my voice earlier today. I was uh"}, {"start": "00:00:30", "end": "00:00:38", "text": "watching the USA play Sagal and"}, {"start": "00:00:35", "end": "00:00:41", "text": "my voice is gone."}, {"start": "00:00:38", "end": "00:00:44", "text": "So, um here we are. So, I'll do the best"}, {"start": "00:00:41", "end": "00:00:47", "text": "I can. Bitcoin closed"}, {"start": "00:00:44", "end": "00:00:49", "text": "below the bare market resistance band."}, {"start": "00:00:47", "end": "00:00:51", "text": "And this is what we said, right? Right?"}, {"start": "00:00:49", "end": "00:00:54", "text": "I mean, we said very clearly over and"}, {"start": "00:00:51", "end": "00:00:57", "text": "over and over again how Bitcoin will get"}, {"start": "00:00:54", "end": "00:00:59", "text": "these rallies"}, {"start": "00:00:57", "end": "00:01:01", "text": "in midterm years"}, {"start": "00:00:59", "end": "00:01:04", "text": "where you get above the bare market"}, {"start": "00:01:01", "end": "00:01:04", "text": "resistance band briefly,"}, {"start": "00:01:04", "end": "00:01:10", "text": "but there's no followthrough and you go"}, {"start": "00:01:07", "end": "00:01:15", "text": "right back below. And how it typically"}, {"start": "00:01:10", "end": "00:01:18", "text": "plays out is Bitcoin rallies"}, {"start": "00:01:15", "end": "00:01:21", "text": "through it but then gets rejected off"}, {"start": "00:01:18", "end": "00:01:23", "text": "the 200 day moving average. Okay?"}, {"start": "00:01:21", "end": "00:01:25", "text": "So, and and a lot of times the way it"}, {"start": "00:01:23", "end": "00:01:27", "text": "works is this and we we pointed this out"}, {"start": "00:01:25", "end": "00:01:30", "text": "a several weeks ago. You go up, you tag"}, {"start": "00:01:27", "end": "00:01:31", "text": "it, you come back down, you tag it, you"}, {"start": "00:01:30", "end": "00:01:34", "text": "know, you go back, tag it again, and"}, {"start": "00:01:31", "end": "00:01:36", "text": "then you get rejected. Okay? And we we"}, {"start": "00:01:34", "end": "00:01:39", "text": "we talked about this not that long ago"}, {"start": "00:01:36", "end": "00:01:43", "text": "before it all happened. Not because we"}, {"start": "00:01:39", "end": "00:01:46", "text": "had a crystal ball, but because we had a"}, {"start": "00:01:43", "end": "00:01:50", "text": "chart and can see that that is how it"}, {"start": "00:01:46", "end": "00:01:56", "text": "plays out. That's your 2022 pattern. And"}, {"start": "00:01:50", "end": "00:02:00", "text": "you also have your 2018 pattern"}, {"start": "00:01:56", "end": "00:02:03", "text": "as well. So, Bitcoin"}, {"start": "00:02:00", "end": "00:02:07", "text": "is now below it, right? It's now below"}, {"start": "00:02:03", "end": "00:02:07", "text": "the um"}, {"start": "00:02:07", "end": "00:02:13", "text": "the bare market resistance band."}, {"start": "00:02:10", "end": "00:02:16", "text": "I'm not great at predicting short-term"}, {"start": "00:02:13", "end": "00:02:19", "text": "price action because as I've said"}, {"start": "00:02:16", "end": "00:02:22", "text": "before, short-term price action is akin"}, {"start": "00:02:19", "end": "00:02:26", "text": "to a random walk or geometric brownie in"}, {"start": "00:02:22", "end": "00:02:28", "text": "motion. But"}, {"start": "00:02:26", "end": "00:02:29", "text": "if I had to guess,"}, {"start": "00:02:28", "end": "00:02:34", "text": "if you said, \"All right, guess the"}, {"start": "00:02:29", "end": "00:02:40", "text": "path.\" I would say what's most likely to"}, {"start": "00:02:34", "end": "00:02:44", "text": "happen is that Bitcoin tags 70K soon,"}, {"start": "00:02:40", "end": "00:02:47", "text": "bounces back up for a few days, and then"}, {"start": "00:02:44", "end": "00:02:51", "text": "goes back to the February lows."}, {"start": "00:02:47", "end": "00:02:54", "text": "And I could be wrong, but that is how I"}, {"start": "00:02:51", "end": "00:02:58", "text": "think it'll play out. So, you know,"}, {"start": "00:02:54", "end": "00:03:02", "text": "something like this where right now"}, {"start": "00:02:58", "end": "00:03:04", "text": "Bitcoin heads down to 70K,"}, {"start": "00:03:02", "end": "00:03:07", "text": "but the first time you tag 70, you're"}, {"start": "00:03:04", "end": "00:03:10", "text": "probably going to bounce off of it for a"}, {"start": "00:03:07", "end": "00:03:10", "text": "bit,"}, {"start": "00:03:10", "end": "00:03:15", "text": "but then it'll likely come back down"}, {"start": "00:03:13", "end": "00:03:19", "text": "here."}, {"start": "00:03:15", "end": "00:03:22", "text": "That is how I think it'll play out. And"}, {"start": "00:03:19", "end": "00:03:25", "text": "now the bare market resistance band is"}, {"start": "00:03:22", "end": "00:03:28", "text": "resistance once again."}, {"start": "00:03:25", "end": "00:03:28", "text": "We're not above it."}, {"start": "00:03:28", "end": "00:03:37", "text": "In fact, in 2018,"}, {"start": "00:03:32", "end": "00:03:42", "text": "the lows match. You have a February low,"}, {"start": "00:03:37", "end": "00:03:45", "text": "a higher low in late March, early April,"}, {"start": "00:03:42", "end": "00:03:48", "text": "the lower high in May, and then we went"}, {"start": "00:03:45", "end": "00:03:50", "text": "down into late June. And as Bitcoin came"}, {"start": "00:03:48", "end": "00:03:55", "text": "back down,"}, {"start": "00:03:50", "end": "00:03:58", "text": "you can see it bounced right at $7,000."}, {"start": "00:03:55", "end": "00:04:02", "text": "It bounced at $7,000,"}, {"start": "00:03:58", "end": "00:04:04", "text": "went back up for a week or so,"}, {"start": "00:04:02", "end": "00:04:06", "text": "and"}, {"start": "00:04:04", "end": "00:04:08", "text": "fell"}, {"start": "00:04:06", "end": "00:04:10", "text": "into June,"}, {"start": "00:04:08", "end": "00:04:13", "text": "right?"}, {"start": "00:04:10", "end": "00:04:16", "text": "Okay, so that's how it played out"}, {"start": "00:04:13", "end": "00:04:18", "text": "and then volatility basically dried up"}, {"start": "00:04:16", "end": "00:04:21", "text": "until Q4 where the bottom fell out and"}, {"start": "00:04:18", "end": "00:04:23", "text": "then the next bull market began. So what"}, {"start": "00:04:21", "end": "00:04:26", "text": "do I think is going to happen in the"}, {"start": "00:04:23", "end": "00:04:30", "text": "short term? If I had to guess, I would"}, {"start": "00:04:26", "end": "00:04:31", "text": "say that you have your February low. You"}, {"start": "00:04:30", "end": "00:04:34", "text": "have your higher low in late May late"}, {"start": "00:04:31", "end": "00:04:37", "text": "March, early April. You have your lower"}, {"start": "00:04:34", "end": "00:04:39", "text": "high in May."}, {"start": "00:04:37", "end": "00:04:43", "text": "You'll probably see people talking about"}, {"start": "00:04:39", "end": "00:04:45", "text": "this soon where Bitcoin hits 70K and"}, {"start": "00:04:43", "end": "00:04:50", "text": "they'll say, \"Look,"}, {"start": "00:04:45", "end": "00:04:53", "text": "it'll bounce, get rejected, go down to"}, {"start": "00:04:50", "end": "00:04:56", "text": "to the February low.\""}, {"start": "00:04:53", "end": "00:04:59", "text": "That's my guess. I could be wrong, but"}, {"start": "00:04:56", "end": "00:05:01", "text": "that is in fact my guess as to how this"}, {"start": "00:04:59", "end": "00:05:02", "text": "market will play out. If you guys like"}, {"start": "00:05:01", "end": "00:05:04", "text": "the content, make sure you subscribe to"}, {"start": "00:05:02", "end": "00:05:06", "text": "the channel, give the video a thumbs up,"}, {"start": "00:05:04", "end": "00:05:07", "text": "and again, check out the sale on Into"}, {"start": "00:05:06", "end": "00:05:09", "text": "the Cryptoverse Premium at into the"}, {"start": "00:05:07", "end": "00:05:12", "text": "cryptoverse.com. I'll see you guys next"}, {"start": "00:05:09", "end": "00:05:12", "text": "time. Bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:05", "end": "00:00:11", "text": "Today we're going to be discussing"}, {"start": "00:00:07", "end": "00:00:13", "text": "asymmetrical tail curvature in Bitcoin"}, {"start": "00:00:11", "end": "00:00:14", "text": "price quantiles. If you guys like the"}, {"start": "00:00:13", "end": "00:00:16", "text": "content, make sure you subscribe to the"}, {"start": "00:00:14", "end": "00:00:19", "text": "channel, give the video a thumbs up, and"}, {"start": "00:00:16", "end": "00:00:21", "text": "also check out the sale on Into the"}, {"start": "00:00:19", "end": "00:00:23", "text": "Cryptoverse Premium at into the"}, {"start": "00:00:21", "end": "00:00:25", "text": "cryptoverse.com."}, {"start": "00:00:23", "end": "00:00:28", "text": "The sale's ending in a few days. Let's"}, {"start": "00:00:25", "end": "00:00:31", "text": "go ahead and jump in. So, there's been a"}, {"start": "00:00:28", "end": "00:00:35", "text": "lot of model development in Bitcoin over"}, {"start": "00:00:31", "end": "00:00:38", "text": "the last decade, and we're going to"}, {"start": "00:00:35", "end": "00:00:39", "text": "provide a brief review of that. And then"}, {"start": "00:00:38", "end": "00:00:42", "text": "we're going to talk a little bit about"}, {"start": "00:00:39", "end": "00:00:46", "text": "this model, what it does better, what it"}, {"start": "00:00:42", "end": "00:00:49", "text": "doesn't do better, and and also give"}, {"start": "00:00:46", "end": "00:00:52", "text": "credit where credit is due, frankly. So,"}, {"start": "00:00:49", "end": "00:00:54", "text": "let's talk about how we got here to this"}, {"start": "00:00:52", "end": "00:00:56", "text": "model that I'll probably start using"}, {"start": "00:00:54", "end": "00:00:58", "text": "some on the channel. The first thing I"}, {"start": "00:00:56", "end": "00:01:01", "text": "will say is this is that all models are"}, {"start": "00:00:58", "end": "00:01:03", "text": "wrong and some are useful and every"}, {"start": "00:01:01", "end": "00:01:07", "text": "model eventually"}, {"start": "00:01:03", "end": "00:01:09", "text": "starts to wayne from the original,"}, {"start": "00:01:07", "end": "00:01:11", "text": "you know, from the original fit, right?"}, {"start": "00:01:09", "end": "00:01:14", "text": "It doesn't always hold up over a long"}, {"start": "00:01:11", "end": "00:01:17", "text": "period of time. But while all models are"}, {"start": "00:01:14", "end": "00:01:20", "text": "wrong, some are useful and some are a"}, {"start": "00:01:17", "end": "00:01:25", "text": "lot more useful than others. Now, it all"}, {"start": "00:01:20", "end": "00:01:29", "text": "started arguably with a Bitcoin talk"}, {"start": "00:01:25", "end": "00:01:33", "text": "post. Uh, I think his name was Trolo,"}, {"start": "00:01:29", "end": "00:01:36", "text": "something like that. And he posted this"}, {"start": "00:01:33", "end": "00:01:40", "text": "rainbow chart. Now, this was posted a"}, {"start": "00:01:36", "end": "00:01:42", "text": "long time ago. Um, and it was one of I"}, {"start": "00:01:40", "end": "00:01:44", "text": "think it was the first if I'm not"}, {"start": "00:01:42", "end": "00:01:46", "text": "mistaken. I could be wrong, but I think"}, {"start": "00:01:44", "end": "00:01:48", "text": "this was one of the first ones posted."}, {"start": "00:01:46", "end": "00:01:51", "text": "And it's essentially a rainbow chart."}, {"start": "00:01:48", "end": "00:01:55", "text": "And one of the things that you'll notice"}, {"start": "00:01:51", "end": "00:01:58", "text": "is that the price of Bitcoin at the"}, {"start": "00:01:55", "end": "00:02:02", "text": "peaks tends to fall down. Like you see"}, {"start": "00:01:58", "end": "00:02:04", "text": "how every cycle it doesn't go up as high"}, {"start": "00:02:02", "end": "00:02:06", "text": "into the regression bands. Like every"}, {"start": "00:02:04", "end": "00:02:08", "text": "single cycle it doesn't go up quite as"}, {"start": "00:02:06", "end": "00:02:10", "text": "high. And that was one of the things"}, {"start": "00:02:08", "end": "00:02:12", "text": "that, you know, I've talked about before"}, {"start": "00:02:10", "end": "00:02:17", "text": "with the regression rainbow that that we"}, {"start": "00:02:12", "end": "00:02:19", "text": "have on uh on Trading View, but it was"}, {"start": "00:02:17", "end": "00:02:22", "text": "something that wasn't really fully"}, {"start": "00:02:19", "end": "00:02:26", "text": "captured. Okay. So, there's this model"}, {"start": "00:02:22", "end": "00:02:28", "text": "and then I think I I and again, I could"}, {"start": "00:02:26", "end": "00:02:29", "text": "be wrong, but I I did the best I could"}, {"start": "00:02:28", "end": "00:02:32", "text": "in and looking at the different models."}, {"start": "00:02:29", "end": "00:02:35", "text": "Giovani, I think a lot of people are"}, {"start": "00:02:32", "end": "00:02:37", "text": "pretty familiar with the power law. Um,"}, {"start": "00:02:35", "end": "00:02:39", "text": "and I'm going to link, you know, I'll"}, {"start": "00:02:37", "end": "00:02:41", "text": "link the stuff in the description of the"}, {"start": "00:02:39", "end": "00:02:44", "text": "video. So, if you want to go check out"}, {"start": "00:02:41", "end": "00:02:47", "text": "any of these models, you can do that."}, {"start": "00:02:44", "end": "00:02:49", "text": "Giovani has a YouTube channel and I will"}, {"start": "00:02:47", "end": "00:02:51", "text": "also link that as well. And he has a"}, {"start": "00:02:49", "end": "00:02:53", "text": "video called the Bitcoin Power Law"}, {"start": "00:02:51", "end": "00:02:56", "text": "Theory. I would encourage you to go"}, {"start": "00:02:53", "end": "00:02:58", "text": "watch it um because he'll, you know, he"}, {"start": "00:02:56", "end": "00:03:01", "text": "really starts to talk about where this"}, {"start": "00:02:58", "end": "00:03:05", "text": "stuff comes from. Okay."}, {"start": "00:03:01", "end": "00:03:08", "text": "And I think this one was next in about"}, {"start": "00:03:05", "end": "00:03:10", "text": "2018 if I'm not mistaken. I think he"}, {"start": "00:03:08", "end": "00:03:12", "text": "maybe talked about it before 2018, but"}, {"start": "00:03:10", "end": "00:03:14", "text": "the earliest like threads I could find"}, {"start": "00:03:12", "end": "00:03:15", "text": "on Reddit were 2018, but that doesn't"}, {"start": "00:03:14", "end": "00:03:18", "text": "mean that there weren't some threads"}, {"start": "00:03:15", "end": "00:03:22", "text": "before then. And so then there's the"}, {"start": "00:03:18", "end": "00:03:25", "text": "power law theory, power law model, which"}, {"start": "00:03:22", "end": "00:03:28", "text": "structurally at the lower tail does a"}, {"start": "00:03:25", "end": "00:03:31", "text": "pretty good job. does a pretty good job"}, {"start": "00:03:28", "end": "00:03:34", "text": "at the lower tail."}, {"start": "00:03:31", "end": "00:03:37", "text": "And then that was in 2018 and ongoing,"}, {"start": "00:03:34", "end": "00:03:41", "text": "you know, ongoing work since then. And"}, {"start": "00:03:37", "end": "00:03:44", "text": "then in 2019, 2020,"}, {"start": "00:03:41", "end": "00:03:46", "text": "I put together"}, {"start": "00:03:44", "end": "00:03:50", "text": "this model."}, {"start": "00:03:46", "end": "00:03:55", "text": "And basically what this model was was"}, {"start": "00:03:50", "end": "00:03:57", "text": "the idea of it was essentially fitting"}, {"start": "00:03:55", "end": "00:03:59", "text": "the different"}, {"start": "00:03:57", "end": "00:04:00", "text": "quantiles. Essentially this was back in"}, {"start": "00:03:59", "end": "00:04:04", "text": "I think this indicator was published"}, {"start": "00:04:00", "end": "00:04:06", "text": "back in 2020 I believe. I believe it was"}, {"start": "00:04:04", "end": "00:04:12", "text": "2020."}, {"start": "00:04:06", "end": "00:04:16", "text": "And the idea was if we fit the data to"}, {"start": "00:04:12", "end": "00:04:18", "text": "the lower quantile"}, {"start": "00:04:16", "end": "00:04:23", "text": "versus the upper one like basically"}, {"start": "00:04:18", "end": "00:04:26", "text": "fitting it to data in that like that 1%"}, {"start": "00:04:23", "end": "00:04:30", "text": "quantile versus the 99%"}, {"start": "00:04:26", "end": "00:04:32", "text": "what do you get and we got this chart"}, {"start": "00:04:30", "end": "00:04:35", "text": "but I didn't actually fill in all the"}, {"start": "00:04:32", "end": "00:04:37", "text": "ones in between but you can see how the"}, {"start": "00:04:35", "end": "00:04:39", "text": "curvature"}, {"start": "00:04:37", "end": "00:04:41", "text": "is different, right? You can see how the"}, {"start": "00:04:39", "end": "00:04:43", "text": "curvature is different between the two"}, {"start": "00:04:41", "end": "00:04:46", "text": "curves. And I was essentially trying to"}, {"start": "00:04:43", "end": "00:04:49", "text": "capture the fact"}, {"start": "00:04:46", "end": "00:04:51", "text": "that the rainbow chart"}, {"start": "00:04:49", "end": "00:04:53", "text": "was using the same curve, right? It was"}, {"start": "00:04:51", "end": "00:04:57", "text": "using the same curve to predict both the"}, {"start": "00:04:53", "end": "00:05:00", "text": "lower tail and the upper tail."}, {"start": "00:04:57", "end": "00:05:02", "text": "But you can clearly see that they have"}, {"start": "00:05:00", "end": "00:05:05", "text": "different curvature. the lower tail, the"}, {"start": "00:05:02", "end": "00:05:08", "text": "structural support is a m does a much"}, {"start": "00:05:05", "end": "00:05:11", "text": "better job of actually finding the lows"}, {"start": "00:05:08", "end": "00:05:13", "text": "and even that sometimes breaks down,"}, {"start": "00:05:11", "end": "00:05:14", "text": "right? Like originally, you know, you"}, {"start": "00:05:13", "end": "00:05:17", "text": "can see that it was holding up in the"}, {"start": "00:05:14", "end": "00:05:19", "text": "blue one and then as the cycles went on,"}, {"start": "00:05:17", "end": "00:05:21", "text": "then it went down into the purple one"}, {"start": "00:05:19", "end": "00:05:24", "text": "and even went below the purple one last"}, {"start": "00:05:21", "end": "00:05:26", "text": "cycle. So even that one is a little"}, {"start": "00:05:24", "end": "00:05:28", "text": "optimistic and you can see how every"}, {"start": "00:05:26", "end": "00:05:31", "text": "cycle it kind of drifts. the highs"}, {"start": "00:05:28", "end": "00:05:33", "text": "aren't as high into the regression band"}, {"start": "00:05:31", "end": "00:05:35", "text": "and then the lows are are starting to go"}, {"start": "00:05:33", "end": "00:05:38", "text": "a little bit lower into the regression"}, {"start": "00:05:35", "end": "00:05:40", "text": "band. But again, when these were fitted"}, {"start": "00:05:38", "end": "00:05:42", "text": "all those years ago, I mean, it did a"}, {"start": "00:05:40", "end": "00:05:45", "text": "pretty good job, right? Because I think"}, {"start": "00:05:42", "end": "00:05:49", "text": "this was fitted well before the 2017"}, {"start": "00:05:45", "end": "00:05:52", "text": "peak. So, this model was not a failure."}, {"start": "00:05:49", "end": "00:05:54", "text": "In fact, it's one of the, you know, the"}, {"start": "00:05:52", "end": "00:05:56", "text": "the the best models that we've had on"}, {"start": "00:05:54", "end": "00:06:00", "text": "Bitcoin for a long time. And a lot of"}, {"start": "00:05:56", "end": "00:06:02", "text": "work was inspired by this one."}, {"start": "00:06:00", "end": "00:06:04", "text": "It's just that when you fit the data and"}, {"start": "00:06:02", "end": "00:06:06", "text": "you only have like one cycle of data to"}, {"start": "00:06:04", "end": "00:06:08", "text": "fit, it's not going to be able to"}, {"start": "00:06:06", "end": "00:06:10", "text": "predict what happens 20 years later"}, {"start": "00:06:08", "end": "00:06:13", "text": "because markets change and you just"}, {"start": "00:06:10", "end": "00:06:14", "text": "don't have enough data."}, {"start": "00:06:13", "end": "00:06:16", "text": "So"}, {"start": "00:06:14", "end": "00:06:18", "text": "Giovani came along, right, with the"}, {"start": "00:06:16", "end": "00:06:21", "text": "power law. And I think that does a"}, {"start": "00:06:18", "end": "00:06:23", "text": "better job than the rainbow chart,"}, {"start": "00:06:21", "end": "00:06:25", "text": "right? I think it it does a better job."}, {"start": "00:06:23", "end": "00:06:28", "text": "Structurally, it does a pretty good job"}, {"start": "00:06:25", "end": "00:06:30", "text": "of of finding the lows, but the last"}, {"start": "00:06:28", "end": "00:06:33", "text": "couple of cycles it h like the price of"}, {"start": "00:06:30", "end": "00:06:36", "text": "Bitcoin hasn't really gone to the highs."}, {"start": "00:06:33", "end": "00:06:37", "text": "Now, I don't think the power law, it"}, {"start": "00:06:36", "end": "00:06:39", "text": "doesn't state that it has to go to the"}, {"start": "00:06:37", "end": "00:06:42", "text": "highs, right? It doesn't say that it has"}, {"start": "00:06:39", "end": "00:06:44", "text": "to go there. It just says that these"}, {"start": "00:06:42", "end": "00:06:47", "text": "would be the bounds at a point in time"}, {"start": "00:06:44", "end": "00:06:48", "text": "if it were to go there. But it again, I"}, {"start": "00:06:47", "end": "00:06:52", "text": "don't think it it hasn't hit those"}, {"start": "00:06:48", "end": "00:06:54", "text": "higher bands uh for at least two cycles,"}, {"start": "00:06:52", "end": "00:06:59", "text": "I believe."}, {"start": "00:06:54", "end": "00:07:02", "text": "And so after that,"}, {"start": "00:06:59", "end": "00:07:04", "text": "I put out this model to try to capture"}, {"start": "00:07:02", "end": "00:07:06", "text": "some of the curvature."}, {"start": "00:07:04", "end": "00:07:07", "text": "And I I don't know if you guys remember,"}, {"start": "00:07:06", "end": "00:07:10", "text": "maybe the only the people that'll"}, {"start": "00:07:07", "end": "00:07:13", "text": "remember are the are the OGs, but back"}, {"start": "00:07:10", "end": "00:07:17", "text": "then I referred to the lower quantile as"}, {"start": "00:07:13", "end": "00:07:22", "text": "quote unquote nonbubble data. So when I"}, {"start": "00:07:17", "end": "00:07:24", "text": "selected it, it was not a mathematically"}, {"start": "00:07:22", "end": "00:07:27", "text": "rigorous way to do it, right? It was"}, {"start": "00:07:24", "end": "00:07:30", "text": "more dubious speculation. It was not"}, {"start": "00:07:27", "end": "00:07:34", "text": "mathematically rigorous, but the idea"}, {"start": "00:07:30", "end": "00:07:39", "text": "was there. Okay. And then after that"}, {"start": "00:07:34", "end": "00:07:41", "text": "I put out the regression rainbow. Right?"}, {"start": "00:07:39", "end": "00:07:44", "text": "And the idea"}, {"start": "00:07:41", "end": "00:07:46", "text": "was to kind of show how every cycle we"}, {"start": "00:07:44", "end": "00:07:50", "text": "kind of drop a few regression bands. All"}, {"start": "00:07:46", "end": "00:07:52", "text": "right? Now that gets you through 2020."}, {"start": "00:07:50", "end": "00:07:54", "text": "Now there was other models developed as"}, {"start": "00:07:52", "end": "00:07:56", "text": "well, right? like stock to flow was put"}, {"start": "00:07:54", "end": "00:07:59", "text": "out I believe in 2019, but that's been"}, {"start": "00:07:56", "end": "00:08:02", "text": "pretty optimistic of a of a model and"}, {"start": "00:07:59", "end": "00:08:05", "text": "and we haven't really hit those extremes"}, {"start": "00:08:02", "end": "00:08:07", "text": "um of of the stock toflow model. And"}, {"start": "00:08:05", "end": "00:08:11", "text": "then not too long ago,"}, {"start": "00:08:07", "end": "00:08:15", "text": "there was a person named the real plan C"}, {"start": "00:08:11", "end": "00:08:16", "text": "and he's he's on Twitter. I don't know"}, {"start": "00:08:15", "end": "00:08:19", "text": "if he's on YouTube, but I I think he I"}, {"start": "00:08:16", "end": "00:08:22", "text": "know he's on Twitter. And so I would"}, {"start": "00:08:19", "end": "00:08:25", "text": "recommend following both Helm and"}, {"start": "00:08:22", "end": "00:08:28", "text": "Giovani because, you know, there's a lot"}, {"start": "00:08:25", "end": "00:08:28", "text": "of"}, {"start": "00:08:29", "end": "00:08:32", "text": "there's a lot of hype in the space and I"}, {"start": "00:08:30", "end": "00:08:38", "text": "feel like there's a lot of stuff that's"}, {"start": "00:08:32", "end": "00:08:41", "text": "not really based on data or rigorous"}, {"start": "00:08:38", "end": "00:08:43", "text": "mathematical proofs or anything like"}, {"start": "00:08:41", "end": "00:08:46", "text": "that. And so, you know, it's easy to put"}, {"start": "00:08:43", "end": "00:08:47", "text": "out a model that is just going to call"}, {"start": "00:08:46", "end": "00:08:49", "text": "for Bitcoin to go to like $10 million."}, {"start": "00:08:47", "end": "00:08:50", "text": "And, you know, you can go to a Bitcoin"}, {"start": "00:08:49", "end": "00:08:52", "text": "conference and hear everyone giving"}, {"start": "00:08:50", "end": "00:08:54", "text": "these like $30 million price predictions"}, {"start": "00:08:52", "end": "00:08:57", "text": "as their bearish target. And I mean,"}, {"start": "00:08:54", "end": "00:09:00", "text": "like, that's great and all, but do we"}, {"start": "00:08:57", "end": "00:09:02", "text": "want that or do we want something that's"}, {"start": "00:09:00", "end": "00:09:03", "text": "like realistic?"}, {"start": "00:09:02", "end": "00:09:07", "text": "And"}, {"start": "00:09:03", "end": "00:09:09", "text": "I I think that the power law has been"}, {"start": "00:09:07", "end": "00:09:11", "text": "struck. the hit is it has worked for a"}, {"start": "00:09:09", "end": "00:09:13", "text": "while in terms of the lower tail like"}, {"start": "00:09:11", "end": "00:09:15", "text": "showing you kind of where those lows"}, {"start": "00:09:13", "end": "00:09:16", "text": "form. It's not I mean I'm not saying it"}, {"start": "00:09:15", "end": "00:09:18", "text": "it it it always perfectly gets"}, {"start": "00:09:16", "end": "00:09:22", "text": "everything right, but I mean I think it"}, {"start": "00:09:18", "end": "00:09:25", "text": "is a a fairly mathematically sound model"}, {"start": "00:09:22", "end": "00:09:28", "text": "to to kind of understand what Bitcoin is"}, {"start": "00:09:25", "end": "00:09:35", "text": "doing. And so the real plan C he put out"}, {"start": "00:09:28", "end": "00:09:36", "text": "a a quantile model which basically was"}, {"start": "00:09:35", "end": "00:09:41", "text": "it just kind of showed all the different"}, {"start": "00:09:36", "end": "00:09:44", "text": "quantiles of you know of the price. Um"}, {"start": "00:09:41", "end": "00:09:48", "text": "sort of like a like a like a rainbow"}, {"start": "00:09:44", "end": "00:09:51", "text": "chart but he then also introduced I"}, {"start": "00:09:48", "end": "00:09:54", "text": "think this like exponential decay"}, {"start": "00:09:51", "end": "00:09:57", "text": "function in the upper tail"}, {"start": "00:09:54", "end": "00:09:58", "text": "uh as well. And again, you can go to his"}, {"start": "00:09:57", "end": "00:10:01", "text": "Twitter page and you can read all about"}, {"start": "00:09:58", "end": "00:10:03", "text": "that and I will link that all in the"}, {"start": "00:10:01", "end": "00:10:05", "text": "description below. So, a lot of the"}, {"start": "00:10:03", "end": "00:10:07", "text": "work, you know, sort of like builds off"}, {"start": "00:10:05", "end": "00:10:09", "text": "each other. You have you have the the"}, {"start": "00:10:07", "end": "00:10:13", "text": "regression rainbow. You have the power"}, {"start": "00:10:09", "end": "00:10:16", "text": "law. You have sort of the regression"}, {"start": "00:10:13", "end": "00:10:18", "text": "fits to the the lower quantile and the"}, {"start": "00:10:16", "end": "00:10:23", "text": "higher quantile. You have the full"}, {"start": "00:10:18", "end": "00:10:25", "text": "quantile framework. Um, and I think they"}, {"start": "00:10:23", "end": "00:10:28", "text": "all do a pretty good job of of trying to"}, {"start": "00:10:25", "end": "00:10:30", "text": "kind of explain what's going on. And"}, {"start": "00:10:28", "end": "00:10:36", "text": "what I wanted to do was basically come"}, {"start": "00:10:30", "end": "00:10:40", "text": "back to this idea of asymmetric tail"}, {"start": "00:10:36", "end": "00:10:44", "text": "curvature and I wanted to do it in a"}, {"start": "00:10:40", "end": "00:10:45", "text": "mathematically rigorous way. Okay, I"}, {"start": "00:10:44", "end": "00:10:48", "text": "wanted to do it in a mathematically"}, {"start": "00:10:45", "end": "00:10:51", "text": "rigorous way. So,"}, {"start": "00:10:48", "end": "00:10:54", "text": "what I did was I"}, {"start": "00:10:51", "end": "00:10:58", "text": "Let me just pull the model up. So, this"}, {"start": "00:10:54", "end": "00:10:59", "text": "is what it looks like. Okay. And what"}, {"start": "00:10:58", "end": "00:11:03", "text": "we're going to do is we're going to"}, {"start": "00:10:59", "end": "00:11:04", "text": "first hide the golden bands down at the"}, {"start": "00:11:03", "end": "00:11:06", "text": "bottom. Okay. And and we'll get to those"}, {"start": "00:11:04", "end": "00:11:08", "text": "in a little bit. This is what the model"}, {"start": "00:11:06", "end": "00:11:13", "text": "looks like. Okay. This is what the model"}, {"start": "00:11:08", "end": "00:11:13", "text": "looks like right now."}, {"start": "00:11:13", "end": "00:11:20", "text": "This"}, {"start": "00:11:15", "end": "00:11:25", "text": "at the lows at the lows"}, {"start": "00:11:20", "end": "00:11:29", "text": "is no better than the original power law"}, {"start": "00:11:25", "end": "00:11:33", "text": "model. No better. Okay. Um in fact the"}, {"start": "00:11:29", "end": "00:11:36", "text": "power law model works just fine at the"}, {"start": "00:11:33", "end": "00:11:39", "text": "lower structural support and it has for"}, {"start": "00:11:36", "end": "00:11:44", "text": "a while. Okay. So no better there."}, {"start": "00:11:39", "end": "00:11:47", "text": "Where I think this model provides"}, {"start": "00:11:44", "end": "00:11:53", "text": "a little bit of"}, {"start": "00:11:47", "end": "00:11:56", "text": "intrigue is the upper tail"}, {"start": "00:11:53", "end": "00:11:59", "text": "because the upper tail is what has been"}, {"start": "00:11:56", "end": "00:12:01", "text": "so hard to capture for a lot of"}, {"start": "00:11:59", "end": "00:12:03", "text": "different models. a lot of models,"}, {"start": "00:12:01", "end": "00:12:04", "text": "including the power law model, like"}, {"start": "00:12:03", "end": "00:12:06", "text": "they'll show you how high the price of"}, {"start": "00:12:04", "end": "00:12:09", "text": "Bitcoin could go. And I think for the"}, {"start": "00:12:06", "end": "00:12:11", "text": "power law, it was in like, you know,"}, {"start": "00:12:09", "end": "00:12:13", "text": "200,000 or something like that. It"}, {"start": "00:12:11", "end": "00:12:14", "text": "wasn't as bullish as some of the crazy"}, {"start": "00:12:13", "end": "00:12:15", "text": "price predictions. And and again, the"}, {"start": "00:12:14", "end": "00:12:17", "text": "power law doesn't say that this is where"}, {"start": "00:12:15", "end": "00:12:20", "text": "it has to go, but it did sort of call"}, {"start": "00:12:17", "end": "00:12:22", "text": "for, you know, some of those higher"}, {"start": "00:12:20", "end": "00:12:27", "text": "higher levels. And and so the argument"}, {"start": "00:12:22", "end": "00:12:29", "text": "is is well is there a way to fit the"}, {"start": "00:12:27", "end": "00:12:31", "text": "upper tail"}, {"start": "00:12:29", "end": "00:12:32", "text": "in a mathematically rigorous way"}, {"start": "00:12:31", "end": "00:12:34", "text": "separate from the lower tail? And that's"}, {"start": "00:12:32", "end": "00:12:38", "text": "what it does. So it groups it. You have"}, {"start": "00:12:34", "end": "00:12:41", "text": "one group in the lower tail"}, {"start": "00:12:38", "end": "00:12:46", "text": "and that has one curvature and then the"}, {"start": "00:12:41", "end": "00:12:50", "text": "upper tail has a different curvature."}, {"start": "00:12:46", "end": "00:12:52", "text": "And what it captures is the fact that"}, {"start": "00:12:50", "end": "00:12:54", "text": "you're converging."}, {"start": "00:12:52", "end": "00:12:57", "text": "That's essentially what's happening."}, {"start": "00:12:54", "end": "00:13:01", "text": "You're having these massive moves, but"}, {"start": "00:12:57", "end": "00:13:04", "text": "as time goes on, you're converging. Do"}, {"start": "00:13:01", "end": "00:13:05", "text": "you see what I'm saying?"}, {"start": "00:13:04", "end": "00:13:08", "text": "It's actually quite beautiful when you"}, {"start": "00:13:05", "end": "00:13:12", "text": "think about it."}, {"start": "00:13:08", "end": "00:13:14", "text": "So what's happening is the power law"}, {"start": "00:13:12", "end": "00:13:18", "text": "structural support"}, {"start": "00:13:14", "end": "00:13:18", "text": "has remained sound"}, {"start": "00:13:19", "end": "00:13:24", "text": "remain it's remained sound you know so"}, {"start": "00:13:21", "end": "00:13:26", "text": "far that doesn't mean it always will but"}, {"start": "00:13:24", "end": "00:13:28", "text": "it has so far"}, {"start": "00:13:26", "end": "00:13:31", "text": "and"}, {"start": "00:13:28", "end": "00:13:35", "text": "the upper tail"}, {"start": "00:13:31", "end": "00:13:38", "text": "the peaks are diminishing the the"}, {"start": "00:13:35", "end": "00:13:42", "text": "euphoria excess S is getting a little"}, {"start": "00:13:38", "end": "00:13:46", "text": "bit less each time. So what's happening"}, {"start": "00:13:42", "end": "00:13:47", "text": "is they're converging to each other."}, {"start": "00:13:46", "end": "00:13:49", "text": "Right? You see this? Like once upon a"}, {"start": "00:13:47", "end": "00:13:52", "text": "time"}, {"start": "00:13:49", "end": "00:13:54", "text": "they were pretty wide apart, but as time"}, {"start": "00:13:52", "end": "00:13:56", "text": "goes on"}, {"start": "00:13:54", "end": "00:13:59", "text": "they're converging towards each other."}, {"start": "00:13:56", "end": "00:14:02", "text": "So you're not you're not getting the"}, {"start": "00:13:59", "end": "00:14:03", "text": "same type of explosive moves. You still"}, {"start": "00:14:02", "end": "00:14:07", "text": "get them, but they're not like what they"}, {"start": "00:14:03", "end": "00:14:10", "text": "used to be. But the support level"}, {"start": "00:14:07", "end": "00:14:13", "text": "continues to rise."}, {"start": "00:14:10", "end": "00:14:15", "text": "So I think it's an interesting thing. Um"}, {"start": "00:14:13", "end": "00:14:19", "text": "and it and again it sort of builds off"}, {"start": "00:14:15", "end": "00:14:21", "text": "this model of the regression bands,"}, {"start": "00:14:19", "end": "00:14:22", "text": "right? Like it's not if you look at it"}, {"start": "00:14:21", "end": "00:14:23", "text": "compared to the regression bands. This"}, {"start": "00:14:22", "end": "00:14:26", "text": "one was published like six or seven"}, {"start": "00:14:23", "end": "00:14:28", "text": "years ago. It's not that different in"}, {"start": "00:14:26", "end": "00:14:30", "text": "terms of the idea. The fit is different"}, {"start": "00:14:28", "end": "00:14:32", "text": "but we have more data. Like the fit is"}, {"start": "00:14:30", "end": "00:14:34", "text": "different. We just have more data. But"}, {"start": "00:14:32", "end": "00:14:40", "text": "you can see that it's not that different"}, {"start": "00:14:34", "end": "00:14:42", "text": "in terms of the idea. Okay. So um"}, {"start": "00:14:40", "end": "00:14:45", "text": "from here"}, {"start": "00:14:42", "end": "00:14:49", "text": "if we go into"}, {"start": "00:14:45", "end": "00:14:51", "text": "each one right now you can see that we"}, {"start": "00:14:49", "end": "00:14:53", "text": "are at the 9.4"}, {"start": "00:14:51", "end": "00:14:56", "text": "percentile."}, {"start": "00:14:53", "end": "00:15:00", "text": "Meaning throughout all of history,"}, {"start": "00:14:56", "end": "00:15:05", "text": "Bitcoin has only spent about 9% of its"}, {"start": "00:15:00", "end": "00:15:09", "text": "time below the current quantile. Only"}, {"start": "00:15:05", "end": "00:15:10", "text": "about 9% of the time. I'm just trying to"}, {"start": "00:15:09", "end": "00:15:13", "text": "make sure I get I'm just trying to make"}, {"start": "00:15:10", "end": "00:15:14", "text": "sure I get all these things exactly"}, {"start": "00:15:13", "end": "00:15:16", "text": "right because it's a lot. I mean, if you"}, {"start": "00:15:14", "end": "00:15:17", "text": "guys want to read the paper that I wrote"}, {"start": "00:15:16", "end": "00:15:22", "text": "for it, this is what it looks like."}, {"start": "00:15:17", "end": "00:15:23", "text": "Okay? And it's a long paper. I you know"}, {"start": "00:15:22", "end": "00:15:27", "text": "if you if you want to go take a look you"}, {"start": "00:15:23", "end": "00:15:28", "text": "can uh it's on the website bjamincan.com"}, {"start": "00:15:27", "end": "00:15:31", "text": "and you can go to the reports and look"}, {"start": "00:15:28", "end": "00:15:33", "text": "at asymmetric tail curvature in bitcoin"}, {"start": "00:15:31", "end": "00:15:35", "text": "price quantiles and it goes through all"}, {"start": "00:15:33", "end": "00:15:37", "text": "the mathematical rigor we talk about"}, {"start": "00:15:35", "end": "00:15:39", "text": "some of the other models some of the"}, {"start": "00:15:37", "end": "00:15:42", "text": "ways in which those models are better"}, {"start": "00:15:39", "end": "00:15:46", "text": "some of the ways in which this one is it"}, {"start": "00:15:42", "end": "00:15:48", "text": "might be might be useful um so I would"}, {"start": "00:15:46", "end": "00:15:51", "text": "say go check it out if you want a little"}, {"start": "00:15:48", "end": "00:15:55", "text": "bit of light reading before bedtime"}, {"start": "00:15:51", "end": "00:15:57", "text": "Um so the bands of this model can bend"}, {"start": "00:15:55", "end": "00:15:59", "text": "right they can bend they can converge"}, {"start": "00:15:57", "end": "00:16:02", "text": "towards each other"}, {"start": "00:15:59", "end": "00:16:05", "text": "and"}, {"start": "00:16:02", "end": "00:16:08", "text": "this basically uses a post estimation"}, {"start": "00:16:05", "end": "00:16:11", "text": "rearrangement um and it's an"}, {"start": "00:16:08", "end": "00:16:12", "text": "unconstrained fit so there there's no"}, {"start": "00:16:11", "end": "00:16:15", "text": "you know the fit itself is not"}, {"start": "00:16:12", "end": "00:16:18", "text": "constrained in any you know in any way"}, {"start": "00:16:15", "end": "00:16:21", "text": "in that sense so what I want to do now"}, {"start": "00:16:18", "end": "00:16:25", "text": "is talk a little bit about where we"}, {"start": "00:16:21", "end": "00:16:29", "text": "So if you zoom in here, the lower"}, {"start": "00:16:25", "end": "00:16:31", "text": "quantile, the 1% quantile"}, {"start": "00:16:29", "end": "00:16:34", "text": "is at around 62K."}, {"start": "00:16:31", "end": "00:16:36", "text": "And I will double click this and I will"}, {"start": "00:16:34", "end": "00:16:38", "text": "add in price labels so you can see what"}, {"start": "00:16:36", "end": "00:16:43", "text": "I'm talking about. So the current"}, {"start": "00:16:38", "end": "00:16:46", "text": "quantile Q1 is at 62K."}, {"start": "00:16:43", "end": "00:16:49", "text": "That doesn't mean Bitcoin can't go below"}, {"start": "00:16:46", "end": "00:16:53", "text": "it. What it means is that historically,"}, {"start": "00:16:49", "end": "00:16:56", "text": "Bitcoin has only spent 1% of its time"}, {"start": "00:16:53", "end": "00:16:57", "text": "below that quantile. 1% of its time. It"}, {"start": "00:16:56", "end": "00:16:58", "text": "doesn't mean it can't go below it. It"}, {"start": "00:16:57", "end": "00:16:59", "text": "just means it doesn't go below it. When"}, {"start": "00:16:58", "end": "00:17:01", "text": "it does go below it, it hasn't"}, {"start": "00:16:59", "end": "00:17:02", "text": "historically gone below it for that"}, {"start": "00:17:01", "end": "00:17:04", "text": "long."}, {"start": "00:17:02", "end": "00:17:07", "text": "So, we have to be careful about how we"}, {"start": "00:17:04", "end": "00:17:10", "text": "like define things, right?"}, {"start": "00:17:07", "end": "00:17:12", "text": "If you say that Q1 is always support,"}, {"start": "00:17:10", "end": "00:17:15", "text": "well, look at what happened in 2022,"}, {"start": "00:17:12", "end": "00:17:17", "text": "right? It went slightly below it. in"}, {"start": "00:17:15", "end": "00:17:19", "text": "2020. You can see it like went slightly"}, {"start": "00:17:17", "end": "00:17:21", "text": "below it. And again, there's there's"}, {"start": "00:17:19", "end": "00:17:24", "text": "different models you can use to sort of"}, {"start": "00:17:21", "end": "00:17:28", "text": "look at this stuff. Um,"}, {"start": "00:17:24", "end": "00:17:30", "text": "but what I wanted to do was capture some"}, {"start": "00:17:28", "end": "00:17:33", "text": "of the dislocation events that have"}, {"start": "00:17:30", "end": "00:17:35", "text": "happened. And those dislocation events,"}, {"start": "00:17:33", "end": "00:17:39", "text": "in this case, I'm just referring to"}, {"start": "00:17:35", "end": "00:17:42", "text": "anytime Bitcoin has gone below Q1, the"}, {"start": "00:17:39", "end": "00:17:45", "text": "first the the 1 percentile."}, {"start": "00:17:42", "end": "00:17:46", "text": "And there's four main times in history."}, {"start": "00:17:45", "end": "00:17:48", "text": "Really, there's like maybe you could"}, {"start": "00:17:46", "end": "00:17:52", "text": "argue more in some of these wicks, but"}, {"start": "00:17:48", "end": "00:17:56", "text": "four main times in history, okay? And if"}, {"start": "00:17:52", "end": "00:17:58", "text": "you go into the fit, you can see the"}, {"start": "00:17:56", "end": "00:17:59", "text": "different dislocations that occurred,"}, {"start": "00:17:58", "end": "00:18:04", "text": "and we're going to add those back on."}, {"start": "00:17:59", "end": "00:18:08", "text": "So, the the most recent dislocation was"}, {"start": "00:18:04", "end": "00:18:12", "text": "in 2022 where the price went a little"}, {"start": "00:18:08", "end": "00:18:15", "text": "below that first quantile."}, {"start": "00:18:12", "end": "00:18:17", "text": "in terms of a price or in terms of like"}, {"start": "00:18:15", "end": "00:18:19", "text": "a a distance below it, you know, we have"}, {"start": "00:18:17", "end": "00:18:20", "text": "it exactly in the paper, but you can"}, {"start": "00:18:19", "end": "00:18:22", "text": "Sorry, that was not that's not from the"}, {"start": "00:18:20", "end": "00:18:25", "text": "one that's from like the five or 10"}, {"start": "00:18:22", "end": "00:18:26", "text": "about, you know, five or 6% below it."}, {"start": "00:18:25", "end": "00:18:32", "text": "So, what we wanted to say, what we"}, {"start": "00:18:26", "end": "00:18:36", "text": "wanted to show is if Bitcoin were to go"}, {"start": "00:18:32", "end": "00:18:40", "text": "to the quantile it went to in 2022,"}, {"start": "00:18:36", "end": "00:18:42", "text": "what would the price be"}, {"start": "00:18:40", "end": "00:18:44", "text": "today? What would it be today? If"}, {"start": "00:18:42", "end": "00:18:46", "text": "Bitcoin were go to the same quantile"}, {"start": "00:18:44", "end": "00:18:50", "text": "that it was in in late 2022,"}, {"start": "00:18:46", "end": "00:18:52", "text": "it would put the price at around 57 to"}, {"start": "00:18:50", "end": "00:18:55", "text": "58,000"}, {"start": "00:18:52", "end": "00:18:58", "text": "today. Okay. So, if Bitcoin were to drop"}, {"start": "00:18:55", "end": "00:19:01", "text": "to 58K,"}, {"start": "00:18:58", "end": "00:19:04", "text": "then that would essentially correspond"}, {"start": "00:19:01", "end": "00:19:07", "text": "to where it dropped in terms of its"}, {"start": "00:19:04", "end": "00:19:09", "text": "quantiles back in 2022. Now, there's"}, {"start": "00:19:07", "end": "00:19:12", "text": "other models you can use, right? This is"}, {"start": "00:19:09", "end": "00:19:15", "text": "not like a a perfect model that that"}, {"start": "00:19:12", "end": "00:19:17", "text": "supersedes all prior ones. This is just"}, {"start": "00:19:15", "end": "00:19:19", "text": "a different model. It's just different."}, {"start": "00:19:17", "end": "00:19:21", "text": "It it doesn't it's not necessarily"}, {"start": "00:19:19", "end": "00:19:23", "text": "better at the lower bounds. In fact, at"}, {"start": "00:19:21", "end": "00:19:25", "text": "the lower bounds, again, the simple"}, {"start": "00:19:23", "end": "00:19:27", "text": "power law does just fine. But I'm just"}, {"start": "00:19:25", "end": "00:19:29", "text": "run we're just running with this model"}, {"start": "00:19:27", "end": "00:19:32", "text": "right now for the lower bounds and we'll"}, {"start": "00:19:29", "end": "00:19:36", "text": "talk about the upper bounds."}, {"start": "00:19:32", "end": "00:19:39", "text": "That's the 2022 one. If you go back to"}, {"start": "00:19:36", "end": "00:19:43", "text": "the pandemic, it went lower, right? It"}, {"start": "00:19:39", "end": "00:19:44", "text": "went lower. And you if you zoom in, you"}, {"start": "00:19:43", "end": "00:19:50", "text": "can see it went all the way down to this"}, {"start": "00:19:44", "end": "00:19:54", "text": "quantile down here in March of 2020. And"}, {"start": "00:19:50", "end": "00:19:54", "text": "now that quantile"}, {"start": "00:19:54", "end": "00:19:58", "text": "today, let's just say what would where"}, {"start": "00:19:56", "end": "00:20:00", "text": "would the price of Bitcoin be if it went"}, {"start": "00:19:58", "end": "00:20:05", "text": "to the quantile it went to during the"}, {"start": "00:20:00", "end": "00:20:05", "text": "pandemic? What would that be?"}, {"start": "00:20:05", "end": "00:20:14", "text": "It'd be about 51K. 51 to 52K. All right."}, {"start": "00:20:12", "end": "00:20:16", "text": "Okay. Now, keep going back because"}, {"start": "00:20:14", "end": "00:20:19", "text": "there's another one."}, {"start": "00:20:16", "end": "00:20:24", "text": "This is the most egregious one. This was"}, {"start": "00:20:19", "end": "00:20:26", "text": "the one we got in 2015 where in 2015 on"}, {"start": "00:20:24", "end": "00:20:30", "text": "some exchanges, Bitcoin actually went"}, {"start": "00:20:26", "end": "00:20:34", "text": "below where it was in January 2015. So"}, {"start": "00:20:30", "end": "00:20:36", "text": "you had the bare market year, you went"}, {"start": "00:20:34", "end": "00:20:40", "text": "sideways and you basically had a double"}, {"start": "00:20:36", "end": "00:20:43", "text": "bottom. That double bottom,"}, {"start": "00:20:40", "end": "00:20:44", "text": "what quantile, where did it go? Where"}, {"start": "00:20:43", "end": "00:20:47", "text": "did it go? It went right here. It was"}, {"start": "00:20:44", "end": "00:20:50", "text": "about 35% below the below Q1. It was a"}, {"start": "00:20:47", "end": "00:20:52", "text": "pretty big drop. And you know what 2015"}, {"start": "00:20:50", "end": "00:20:54", "text": "had?"}, {"start": "00:20:52", "end": "00:20:56", "text": "It was a recession scare. A lot of"}, {"start": "00:20:54", "end": "00:20:57", "text": "people probably don't remember, we"}, {"start": "00:20:56", "end": "00:20:58", "text": "didn't get a recession, but there was a"}, {"start": "00:20:57", "end": "00:21:00", "text": "pretty big scare. We were going to have"}, {"start": "00:20:58", "end": "00:21:03", "text": "one."}, {"start": "00:21:00", "end": "00:21:06", "text": "What price would that correspond to"}, {"start": "00:21:03", "end": "00:21:08", "text": "today?"}, {"start": "00:21:06", "end": "00:21:12", "text": "Today that would correspond roughly to"}, {"start": "00:21:08", "end": "00:21:14", "text": "around 48K. 48 to 49K."}, {"start": "00:21:12", "end": "00:21:17", "text": "All right. And actually that one's only"}, {"start": "00:21:14", "end": "00:21:21", "text": "that one's not 35. It's 22% below."}, {"start": "00:21:17", "end": "00:21:25", "text": "The only other one, and this one I'm not"}, {"start": "00:21:21", "end": "00:21:27", "text": "convinced we should use,"}, {"start": "00:21:25", "end": "00:21:30", "text": "but if you go all the way back to August"}, {"start": "00:21:27", "end": "00:21:31", "text": "of 2010, I'm not even I'm not even going"}, {"start": "00:21:30", "end": "00:21:34", "text": "to dare include this one because this is"}, {"start": "00:21:31", "end": "00:21:37", "text": "like 50% down. But August 2010, there"}, {"start": "00:21:34", "end": "00:21:40", "text": "was a pretty big wick down."}, {"start": "00:21:37", "end": "00:21:43", "text": "It was probably an illlquid wick. That"}, {"start": "00:21:40", "end": "00:21:46", "text": "doesn't really mean anything"}, {"start": "00:21:43", "end": "00:21:48", "text": "if we're being honest, right? But I"}, {"start": "00:21:46", "end": "00:21:50", "text": "wasn't trading Bitcoin back then. I"}, {"start": "00:21:48", "end": "00:21:53", "text": "don't know for sure exactly what that"}, {"start": "00:21:50", "end": "00:21:57", "text": "was. So just for completeness,"}, {"start": "00:21:53", "end": "00:21:57", "text": "we've added it"}, {"start": "00:21:57", "end": "00:22:02", "text": "and you can see that that one would"}, {"start": "00:21:59", "end": "00:22:04", "text": "currently correspond to about 40K. So"}, {"start": "00:22:02", "end": "00:22:07", "text": "you have"}, {"start": "00:22:04", "end": "00:22:09", "text": "the regression bands that there the"}, {"start": "00:22:07", "end": "00:22:13", "text": "quantiles, but it's an asymmetric"}, {"start": "00:22:09", "end": "00:22:17", "text": "quantile fit. The upper tail is fit"}, {"start": "00:22:13", "end": "00:22:20", "text": "differently than the lower tail,"}, {"start": "00:22:17", "end": "00:22:24", "text": "which is kind of what we did six years"}, {"start": "00:22:20", "end": "00:22:26", "text": "ago with this model."}, {"start": "00:22:24", "end": "00:22:31", "text": "But the main difference between six"}, {"start": "00:22:26", "end": "00:22:34", "text": "years ago and now is that this one was"}, {"start": "00:22:31", "end": "00:22:36", "text": "not mathematically rigorous or"}, {"start": "00:22:34", "end": "00:22:39", "text": "mathematically sound. It was more so me"}, {"start": "00:22:36", "end": "00:22:41", "text": "just eyeballing it and fitting it. This"}, {"start": "00:22:39", "end": "00:22:44", "text": "one is more rigorous"}, {"start": "00:22:41", "end": "00:22:46", "text": "and sound, the one we have now. Now,"}, {"start": "00:22:44", "end": "00:22:48", "text": "again, that doesn't mean it can't break,"}, {"start": "00:22:46", "end": "00:22:50", "text": "right? I mean, yeah, if we were to go"}, {"start": "00:22:48", "end": "00:22:51", "text": "into some massive global recession, then"}, {"start": "00:22:50", "end": "00:22:53", "text": "this model could easily break. I mean,"}, {"start": "00:22:51", "end": "00:22:55", "text": "it's not like Bitcoin's ever experienced"}, {"start": "00:22:53", "end": "00:22:58", "text": "a prolonged major crash in the stock"}, {"start": "00:22:55", "end": "00:22:59", "text": "market. So, again, there's no guarantee"}, {"start": "00:22:58", "end": "00:23:01", "text": "that this model will stand the test of"}, {"start": "00:22:59", "end": "00:23:03", "text": "time. In fact, it probably won't, right?"}, {"start": "00:23:01", "end": "00:23:05", "text": "In fact, it probably won't given a a"}, {"start": "00:23:03", "end": "00:23:08", "text": "long enough period of time. Now, let's"}, {"start": "00:23:05", "end": "00:23:10", "text": "talk about the upper quantile. And this"}, {"start": "00:23:08", "end": "00:23:12", "text": "is where I think there are some"}, {"start": "00:23:10", "end": "00:23:15", "text": "advantages over some of the other models"}, {"start": "00:23:12", "end": "00:23:16", "text": "because in this case you can see the"}, {"start": "00:23:15", "end": "00:23:19", "text": "euphoric"}, {"start": "00:23:16", "end": "00:23:22", "text": "parts. Now you might say, well hold on a"}, {"start": "00:23:19", "end": "00:23:24", "text": "second. It wasn't euphoric"}, {"start": "00:23:22", "end": "00:23:26", "text": "in the last bull market, but we know"}, {"start": "00:23:24", "end": "00:23:28", "text": "that it wasn't. We know that Bitcoin"}, {"start": "00:23:26", "end": "00:23:31", "text": "topped on apathy. And we know the only"}, {"start": "00:23:28", "end": "00:23:34", "text": "time in history it topped on apathy"}, {"start": "00:23:31", "end": "00:23:36", "text": "was 2019, 2 months before quantitative"}, {"start": "00:23:34", "end": "00:23:40", "text": "tightening ended. So, if you were to"}, {"start": "00:23:36", "end": "00:23:43", "text": "overlay interest rates onto the chart,"}, {"start": "00:23:40", "end": "00:23:46", "text": "you'll see how in 2019"}, {"start": "00:23:43", "end": "00:23:48", "text": "when QT ended and and interest rates"}, {"start": "00:23:46", "end": "00:23:50", "text": "started to drop, that is where Bitcoin"}, {"start": "00:23:48", "end": "00:23:52", "text": "topped out at. See right here where"}, {"start": "00:23:50", "end": "00:23:53", "text": "interest rates started to drop, didn't"}, {"start": "00:23:52", "end": "00:23:54", "text": "drop the first time, but now what we're"}, {"start": "00:23:53", "end": "00:23:56", "text": "going to do is we're going to overlay"}, {"start": "00:23:54", "end": "00:23:57", "text": "QT, the balance sheet of the Fed. We're"}, {"start": "00:23:56", "end": "00:23:59", "text": "not going to overlay, we're just going"}, {"start": "00:23:57", "end": "00:24:01", "text": "to overlay the balance sheet of the Fed."}, {"start": "00:23:59", "end": "00:24:03", "text": "What you'll see is that Bitcoin topped"}, {"start": "00:24:01", "end": "00:24:04", "text": "out two months before the bet the Fed's"}, {"start": "00:24:03", "end": "00:24:07", "text": "balance sheet started going back up,"}, {"start": "00:24:04", "end": "00:24:09", "text": "just like it did in 2025."}, {"start": "00:24:07", "end": "00:24:11", "text": "So in 2019, Bitcoin topped in June."}, {"start": "00:24:09", "end": "00:24:12", "text": "Quantitative tightening ended in August."}, {"start": "00:24:11", "end": "00:24:15", "text": "And there was no rotation from Bitcoin"}, {"start": "00:24:12", "end": "00:24:17", "text": "to altcoins. 2025, the same thing."}, {"start": "00:24:15", "end": "00:24:19", "text": "Bitcoin topped in October. QT ended in"}, {"start": "00:24:17", "end": "00:24:21", "text": "December. Two months later, no rotation"}, {"start": "00:24:19", "end": "00:24:23", "text": "from Bitcoin to altcoins."}, {"start": "00:24:21", "end": "00:24:28", "text": "Okay?"}, {"start": "00:24:23", "end": "00:24:30", "text": "And guess what? They both topped out."}, {"start": "00:24:28", "end": "00:24:34", "text": "They both topped out"}, {"start": "00:24:30", "end": "00:24:36", "text": "at the 75% quantile give or take. A"}, {"start": "00:24:34", "end": "00:24:40", "text": "little above both times,"}, {"start": "00:24:36", "end": "00:24:44", "text": "but you can see neither time did they go"}, {"start": "00:24:40", "end": "00:24:48", "text": "to the 95th to 99th percentile."}, {"start": "00:24:44", "end": "00:24:51", "text": "So, if you have sat around wondering why"}, {"start": "00:24:48", "end": "00:24:55", "text": "there was no rotation into altcoins, why"}, {"start": "00:24:51", "end": "00:24:57", "text": "there was no quote unquote alt season,"}, {"start": "00:24:55", "end": "00:24:59", "text": "the reason was because of monetary"}, {"start": "00:24:57", "end": "00:25:01", "text": "policy in my opinion and and how and"}, {"start": "00:24:59", "end": "00:25:02", "text": "also because a lot of them are a lot of"}, {"start": "00:25:01", "end": "00:25:04", "text": "them all coins are just simply scams and"}, {"start": "00:25:02", "end": "00:25:07", "text": "and people are tired of losing their"}, {"start": "00:25:04", "end": "00:25:08", "text": "money in the space frankly. But from a"}, {"start": "00:25:07", "end": "00:25:11", "text": "non-judgment perspective, just from like"}, {"start": "00:25:08", "end": "00:25:12", "text": "a a mathematical macro perspective, the"}, {"start": "00:25:11", "end": "00:25:16", "text": "reason why it didn't happen was because"}, {"start": "00:25:12", "end": "00:25:18", "text": "of monetary policy. And the reason"}, {"start": "00:25:16", "end": "00:25:20", "text": "without including monetary policy that"}, {"start": "00:25:18", "end": "00:25:24", "text": "there was no alt season was because"}, {"start": "00:25:20", "end": "00:25:27", "text": "Bitcoin never became euphoric because it"}, {"start": "00:25:24", "end": "00:25:29", "text": "topped out before getting to the 95th"}, {"start": "00:25:27", "end": "00:25:33", "text": "percentile."}, {"start": "00:25:29", "end": "00:25:37", "text": "You see that the rotation into alts"}, {"start": "00:25:33", "end": "00:25:41", "text": "happens durably more durably after"}, {"start": "00:25:37", "end": "00:25:44", "text": "Bitcoin goes past that 95th percentile"}, {"start": "00:25:41", "end": "00:25:46", "text": "which did not happen in this past cycle"}, {"start": "00:25:44", "end": "00:25:49", "text": "or in the midcycle peak of the cycle"}, {"start": "00:25:46", "end": "00:25:51", "text": "before that."}, {"start": "00:25:49", "end": "00:25:54", "text": "So"}, {"start": "00:25:51", "end": "00:25:58", "text": "that doesn't mean that Bitcoin can't go"}, {"start": "00:25:54", "end": "00:26:02", "text": "back up there. There is an argument to"}, {"start": "00:25:58", "end": "00:26:05", "text": "be had that"}, {"start": "00:26:02", "end": "00:26:09", "text": "this top here corresponds to this top"}, {"start": "00:26:05", "end": "00:26:11", "text": "right there in 2019. Right? So if that's"}, {"start": "00:26:09", "end": "00:26:14", "text": "true"}, {"start": "00:26:11", "end": "00:26:18", "text": "then where we are right now where we are"}, {"start": "00:26:14", "end": "00:26:22", "text": "right now is in this phase. And you can"}, {"start": "00:26:18", "end": "00:26:24", "text": "see that once that phase ended we did go"}, {"start": "00:26:22", "end": "00:26:27", "text": "back up to the higher quantile. Right?"}, {"start": "00:26:24", "end": "00:26:30", "text": "We did,"}, {"start": "00:26:27", "end": "00:26:33", "text": "but not before resetting, right? Not"}, {"start": "00:26:30", "end": "00:26:36", "text": "before resetting. Now, I'm not here to"}, {"start": "00:26:33", "end": "00:26:38", "text": "suggest that we have to go all the way"}, {"start": "00:26:36", "end": "00:26:39", "text": "back down in terms of the quantiles"}, {"start": "00:26:38", "end": "00:26:42", "text": "exactly to where we were in the"}, {"start": "00:26:39", "end": "00:26:44", "text": "pandemic. But what I am saying is that"}, {"start": "00:26:42", "end": "00:26:47", "text": "midterm years are normally when the"}, {"start": "00:26:44", "end": "00:26:50", "text": "markets reset. And every cycle, every"}, {"start": "00:26:47", "end": "00:26:52", "text": "cycle so far, at some point, Bitcoin did"}, {"start": "00:26:50", "end": "00:26:56", "text": "go below the first percentile. In the"}, {"start": "00:26:52", "end": "00:26:58", "text": "2018 cycle, it didn't happen until 2020"}, {"start": "00:26:56", "end": "00:26:59", "text": "when we went below it. Last cycle, it"}, {"start": "00:26:58", "end": "00:27:01", "text": "happened in the midterm year where we"}, {"start": "00:26:59", "end": "00:27:04", "text": "went below it. Cycle before that, it"}, {"start": "00:27:01", "end": "00:27:06", "text": "happened in the preh havinging year."}, {"start": "00:27:04", "end": "00:27:09", "text": "So, you can see that it's happened every"}, {"start": "00:27:06", "end": "00:27:12", "text": "cycle. It's just hard to know when in"}, {"start": "00:27:09", "end": "00:27:15", "text": "every cycle it's going to happen."}, {"start": "00:27:12", "end": "00:27:18", "text": "So I I want people to sort of keep this"}, {"start": "00:27:15", "end": "00:27:21", "text": "model in mind not as"}, {"start": "00:27:18", "end": "00:27:23", "text": "you know a a perfect way to capture the"}, {"start": "00:27:21", "end": "00:27:25", "text": "Bitcoin price. I think there's a lot of"}, {"start": "00:27:23", "end": "00:27:27", "text": "models that do a good job. I think the"}, {"start": "00:27:25", "end": "00:27:29", "text": "power law model does a good good job. Um"}, {"start": "00:27:27", "end": "00:27:31", "text": "you know I think plan C what he's"}, {"start": "00:27:29", "end": "00:27:32", "text": "working on the real plan C on Twitter I"}, {"start": "00:27:31", "end": "00:27:35", "text": "think what he's working on with his"}, {"start": "00:27:32", "end": "00:27:37", "text": "quantile work does a pretty good job."}, {"start": "00:27:35", "end": "00:27:41", "text": "This is just another mathematical"}, {"start": "00:27:37", "end": "00:27:44", "text": "framework that tries to capture in a"}, {"start": "00:27:41", "end": "00:27:46", "text": "mathematically rigorous way without any"}, {"start": "00:27:44", "end": "00:27:50", "text": "bias or anything like that"}, {"start": "00:27:46", "end": "00:27:54", "text": "the fact that the upper tail"}, {"start": "00:27:50", "end": "00:27:56", "text": "is different than the lower tail"}, {"start": "00:27:54", "end": "00:28:00", "text": "and that you don't have to eyeball it."}, {"start": "00:27:56", "end": "00:28:04", "text": "You can just run the calculations and"}, {"start": "00:28:00", "end": "00:28:06", "text": "it'll spit this out for you. Okay."}, {"start": "00:28:04", "end": "00:28:09", "text": "So, I I guess what I would maybe refer"}, {"start": "00:28:06", "end": "00:28:11", "text": "to this area down here, this golden"}, {"start": "00:28:09", "end": "00:28:15", "text": "band, I'd probably say that's like the"}, {"start": "00:28:11", "end": "00:28:18", "text": "golden pocket of Bitcoin. Whenever it"}, {"start": "00:28:15", "end": "00:28:22", "text": "goes there, it's been a incredible time"}, {"start": "00:28:18", "end": "00:28:24", "text": "to buy. Whenever it goes there, but it"}, {"start": "00:28:22", "end": "00:28:26", "text": "doesn't go there very frequently, right?"}, {"start": "00:28:24", "end": "00:28:28", "text": "It doesn't go there very frequently. If"}, {"start": "00:28:26", "end": "00:28:32", "text": "you look at the time between when it's"}, {"start": "00:28:28", "end": "00:28:35", "text": "gone there, between say 2015 and the"}, {"start": "00:28:32", "end": "00:28:37", "text": "next one, it was about 238 weeks and"}, {"start": "00:28:35", "end": "00:28:39", "text": "then the next one after that was about"}, {"start": "00:28:37", "end": "00:28:43", "text": "139."}, {"start": "00:28:39", "end": "00:28:46", "text": "We're currently at around 185. So, you"}, {"start": "00:28:43", "end": "00:28:48", "text": "know, we're kind of in between the last"}, {"start": "00:28:46", "end": "00:28:50", "text": "two in terms of how long it took to get"}, {"start": "00:28:48", "end": "00:28:52", "text": "back down there. So, I just want to put"}, {"start": "00:28:50", "end": "00:28:55", "text": "this on your radar. I want you to"}, {"start": "00:28:52", "end": "00:28:57", "text": "imagine a future for the rest of the"}, {"start": "00:28:55", "end": "00:28:58", "text": "midterm year where we know Bitcoin could"}, {"start": "00:28:57", "end": "00:29:01", "text": "stay weak through the midterm year like"}, {"start": "00:28:58", "end": "00:29:03", "text": "it normally does. If later this year"}, {"start": "00:29:01", "end": "00:29:05", "text": "you're looking at Bitcoin and it's below"}, {"start": "00:29:03", "end": "00:29:08", "text": "say Q1"}, {"start": "00:29:05", "end": "00:29:09", "text": "and it's late midterm year, just"}, {"start": "00:29:08", "end": "00:29:11", "text": "consider that maybe this time's not"}, {"start": "00:29:09", "end": "00:29:14", "text": "different. Maybe Bitcoin's just"}, {"start": "00:29:11", "end": "00:29:17", "text": "bottoming at the end of the midterm year"}, {"start": "00:29:14", "end": "00:29:19", "text": "like it normally does and perhaps"}, {"start": "00:29:17", "end": "00:29:22", "text": "that'll be a good accumulation target,"}, {"start": "00:29:19", "end": "00:29:27", "text": "accumulation window as we go. hopefully"}, {"start": "00:29:22", "end": "00:29:28", "text": "into the next Bitcoin bull market. So in"}, {"start": "00:29:27", "end": "00:29:31", "text": "this indicator, I also want to just"}, {"start": "00:29:28", "end": "00:29:32", "text": "quickly show these are the having lines,"}, {"start": "00:29:31", "end": "00:29:37", "text": "right? So you can see kind of like where"}, {"start": "00:29:32", "end": "00:29:39", "text": "the havingss are. And then also um I"}, {"start": "00:29:37", "end": "00:29:41", "text": "know people are going to ask this, so"}, {"start": "00:29:39", "end": "00:29:44", "text": "I'll go ahead and add it. We have a sort"}, {"start": "00:29:41", "end": "00:29:48", "text": "of this endofear price table. And and"}, {"start": "00:29:44", "end": "00:29:50", "text": "this basically just shows every price"}, {"start": "00:29:48", "end": "00:29:52", "text": "for every quantile at the end of each"}, {"start": "00:29:50", "end": "00:29:55", "text": "year."}, {"start": "00:29:52", "end": "00:29:57", "text": "That's all it shows. Okay. Going to"}, {"start": "00:29:55", "end": "00:30:01", "text": "2050."}, {"start": "00:29:57", "end": "00:30:03", "text": "And so for Q1 into 2025, it was like"}, {"start": "00:30:01", "end": "00:30:05", "text": "54K."}, {"start": "00:30:03", "end": "00:30:07", "text": "So obviously people want to know how"}, {"start": "00:30:05", "end": "00:30:11", "text": "long does it take to reach a million. I"}, {"start": "00:30:07", "end": "00:30:13", "text": "put out a video back in 2020, I believe"}, {"start": "00:30:11", "end": "00:30:17", "text": "it was, saying when will Bitcoin reach a"}, {"start": "00:30:13", "end": "00:30:19", "text": "million and back then I suggested around"}, {"start": "00:30:17", "end": "00:30:20", "text": "2040. If you want to go watch that"}, {"start": "00:30:19", "end": "00:30:23", "text": "video, I will link it down in the"}, {"start": "00:30:20", "end": "00:30:27", "text": "description below."}, {"start": "00:30:23", "end": "00:30:30", "text": "If you look here, Q1, when does Q1, the"}, {"start": "00:30:27", "end": "00:30:33", "text": "first percentile reach a million?"}, {"start": "00:30:30", "end": "00:30:33", "text": "2041."}, {"start": "00:30:35", "end": "00:30:42", "text": "But maybe we hit it sooner because"}, {"start": "00:30:38", "end": "00:30:45", "text": "that's just the first percentile."}, {"start": "00:30:42", "end": "00:30:49", "text": "You can see that the 50th percentile"}, {"start": "00:30:45", "end": "00:30:51", "text": "says 2036."}, {"start": "00:30:49", "end": "00:30:52", "text": "The point is is, you know, whenever it"}, {"start": "00:30:51", "end": "00:30:55", "text": "happens, it's probably going to take"}, {"start": "00:30:52", "end": "00:30:57", "text": "longer than people think. It's probably"}, {"start": "00:30:55", "end": "00:30:59", "text": "not going to happen next cycle. Probably"}, {"start": "00:30:57", "end": "00:31:02", "text": "won't happen the cycle after that either"}, {"start": "00:30:59", "end": "00:31:06", "text": "because next cycle gets you to 2029."}, {"start": "00:31:02", "end": "00:31:08", "text": "cycle after that gets you to 2033. And"}, {"start": "00:31:06", "end": "00:31:10", "text": "in order for it to hit a million by"}, {"start": "00:31:08", "end": "00:31:13", "text": "2033,"}, {"start": "00:31:10", "end": "00:31:17", "text": "you'd basically be looking at which"}, {"start": "00:31:13", "end": "00:31:17", "text": "percentile here?"}, {"start": "00:31:20", "end": "00:31:26", "text": "Yeah, there's none of the percentiles"}, {"start": "00:31:23", "end": "00:31:28", "text": "show it by 2033. The earliest one, the"}, {"start": "00:31:26", "end": "00:31:30", "text": "99th percentile, the earliest would be"}, {"start": "00:31:28", "end": "00:31:32", "text": "2035."}, {"start": "00:31:30", "end": "00:31:35", "text": "Okay."}, {"start": "00:31:32", "end": "00:31:37", "text": "So,"}, {"start": "00:31:35", "end": "00:31:40", "text": "this was just an idea, you know, I"}, {"start": "00:31:37", "end": "00:31:45", "text": "during this recent rally that Bitcoin"}, {"start": "00:31:40", "end": "00:31:49", "text": "has had over the last few months, um,"}, {"start": "00:31:45", "end": "00:31:52", "text": "one of the ways that I spent my time,"}, {"start": "00:31:49", "end": "00:31:56", "text": "um, other than, you know, being with the"}, {"start": "00:31:52", "end": "00:31:59", "text": "newborn in the wee hours of the night"}, {"start": "00:31:56", "end": "00:32:00", "text": "trying to work on on on this and just,"}, {"start": "00:31:59", "end": "00:32:03", "text": "you know, saying, \"Look, I'm Not"}, {"start": "00:32:00", "end": "00:32:06", "text": "claiming this model is better than other"}, {"start": "00:32:03", "end": "00:32:08", "text": "models. I'm not. At the lower tail, it's"}, {"start": "00:32:06", "end": "00:32:11", "text": "not. It it it doesn't do a better job"}, {"start": "00:32:08", "end": "00:32:14", "text": "than just the base power law model. But"}, {"start": "00:32:11", "end": "00:32:19", "text": "at the upper tail, I think it might be"}, {"start": "00:32:14", "end": "00:32:23", "text": "somewhat helpful in terms of identifying"}, {"start": "00:32:19", "end": "00:32:23", "text": "the highs, right?"}, {"start": "00:32:23", "end": "00:32:29", "text": "in a euphoric rally. In a non-uporic"}, {"start": "00:32:26", "end": "00:32:31", "text": "rally like what we just got and in what"}, {"start": "00:32:29", "end": "00:32:34", "text": "we got in 2019, you can see when that"}, {"start": "00:32:31", "end": "00:32:36", "text": "happens, you then end up topping out at"}, {"start": "00:32:34", "end": "00:32:40", "text": "around that 75th percentile, maybe a"}, {"start": "00:32:36", "end": "00:32:42", "text": "little bit higher in both cases, not 95"}, {"start": "00:32:40", "end": "00:32:44", "text": "or 99. So again, if you want to read"}, {"start": "00:32:42", "end": "00:32:45", "text": "about this, I'll link it in the"}, {"start": "00:32:44", "end": "00:32:49", "text": "description below. You can go read about"}, {"start": "00:32:45", "end": "00:32:51", "text": "it. I will also link um you know the"}, {"start": "00:32:49", "end": "00:32:54", "text": "other models as well. The the the"}, {"start": "00:32:51", "end": "00:32:57", "text": "rainbow chart, the work by Giovani, the"}, {"start": "00:32:54", "end": "00:33:02", "text": "work by Plan C all do a great job and"}, {"start": "00:32:57", "end": "00:33:05", "text": "all are are not hype just presenting the"}, {"start": "00:33:02", "end": "00:33:07", "text": "work as the math leads them to present"}, {"start": "00:33:05", "end": "00:33:09", "text": "which that's the way we should do it."}, {"start": "00:33:07", "end": "00:33:12", "text": "And in a world of hype and"}, {"start": "00:33:09", "end": "00:33:13", "text": "overpromising, we could all use a little"}, {"start": "00:33:12", "end": "00:33:15", "text": "bit more of that. If you guys like the"}, {"start": "00:33:13", "end": "00:33:16", "text": "content, make sure you subscribe to the"}, {"start": "00:33:15", "end": "00:33:21", "text": "channel. Give the video a thumbs up and"}, {"start": "00:33:16", "end": "00:33:21", "text": "I'll see you guys next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The main thing to watch in midJune is"}, {"start": "00:00:02", "end": "00:00:07", "text": "not the Fed, but it's the Bank of Japan."}, {"start": "00:00:05", "end": "00:00:11", "text": "Because the Bank of Japan is likely"}, {"start": "00:00:07", "end": "00:00:13", "text": "going to raise rates in June. There's a"}, {"start": "00:00:11", "end": "00:00:14", "text": "good chance, not it's not a sure thing."}, {"start": "00:00:13", "end": "00:00:17", "text": "There's a good chance they will raise"}, {"start": "00:00:14", "end": "00:00:17", "text": "rates in June."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:12", "text": "and we're going to be discussing the"}, {"start": "00:00:09", "end": "00:00:13", "text": "current window of weakness. If you guys"}, {"start": "00:00:12", "end": "00:00:15", "text": "like the content, make sure you"}, {"start": "00:00:13", "end": "00:00:17", "text": "subscribe to the channel, give the video"}, {"start": "00:00:15", "end": "00:00:20", "text": "a thumbs up, and also check out the sale"}, {"start": "00:00:17", "end": "00:00:22", "text": "on Into the Cryptoverse Premium at into"}, {"start": "00:00:20", "end": "00:00:25", "text": "the cryptoverse.com."}, {"start": "00:00:22", "end": "00:00:26", "text": "We're going to be ending that sale in in"}, {"start": "00:00:25", "end": "00:00:29", "text": "just a few days. Let's go ahead and jump"}, {"start": "00:00:26", "end": "00:00:32", "text": "in. So, Bitcoin is currently trading at"}, {"start": "00:00:29", "end": "00:00:35", "text": "around $73,000. Okay. Now, just"}, {"start": "00:00:32", "end": "00:00:38", "text": "literally like a couple of weeks ago, it"}, {"start": "00:00:35", "end": "00:00:42", "text": "was trading at around $83,000. So, we're"}, {"start": "00:00:38", "end": "00:00:44", "text": "we've basically gone down $10,000"}, {"start": "00:00:42", "end": "00:00:47", "text": "just over the last few weeks. But"}, {"start": "00:00:44", "end": "00:00:50", "text": "notably, the rejection occurred at the"}, {"start": "00:00:47", "end": "00:00:53", "text": "200 day moving average."}, {"start": "00:00:50", "end": "00:00:57", "text": "precisely at the 200 day moving average,"}, {"start": "00:00:53", "end": "00:01:00", "text": "which is where Bitcoin precisely found"}, {"start": "00:00:57", "end": "00:01:02", "text": "resistance in 2022"}, {"start": "00:01:00", "end": "00:01:05", "text": "and 2018,"}, {"start": "00:01:02", "end": "00:01:07", "text": "as you can see."}, {"start": "00:01:05", "end": "00:01:09", "text": "So,"}, {"start": "00:01:07", "end": "00:01:10", "text": "the window of weakness normally for"}, {"start": "00:01:09", "end": "00:01:14", "text": "Bitcoin, there's several of them in the"}, {"start": "00:01:10", "end": "00:01:17", "text": "midterm year. First of all, the entire"}, {"start": "00:01:14", "end": "00:01:18", "text": "midterm year is the window of weakness."}, {"start": "00:01:17", "end": "00:01:23", "text": "So if we think about this, we draw this"}, {"start": "00:01:18", "end": "00:01:27", "text": "out. We have four years in the cycle."}, {"start": "00:01:23", "end": "00:01:30", "text": "Okay? You have"}, {"start": "00:01:27", "end": "00:01:32", "text": "year 1,"}, {"start": "00:01:30", "end": "00:01:37", "text": "year two,"}, {"start": "00:01:32", "end": "00:01:42", "text": "year three, and year four. Okay? One,"}, {"start": "00:01:37", "end": "00:01:45", "text": "two, three, and four. Now, in this case,"}, {"start": "00:01:42", "end": "00:01:47", "text": "the way that I at least I'm thinking"}, {"start": "00:01:45", "end": "00:01:48", "text": "about it, like the way that I'm sort of"}, {"start": "00:01:47", "end": "00:01:49", "text": "thinking about I mean, I guess you could"}, {"start": "00:01:48", "end": "00:01:52", "text": "think about it in terms of like"}, {"start": "00:01:49", "end": "00:01:54", "text": "presidential cycles, but let's just say"}, {"start": "00:01:52", "end": "00:01:58", "text": "that"}, {"start": "00:01:54", "end": "00:02:01", "text": "year four are your posthav years. Okay?"}, {"start": "00:01:58", "end": "00:02:04", "text": "So, this is like your, you know, your"}, {"start": "00:02:01", "end": "00:02:05", "text": "2013,"}, {"start": "00:02:04", "end": "00:02:09", "text": "2017,"}, {"start": "00:02:05", "end": "00:02:12", "text": "2021, and 2025."}, {"start": "00:02:09", "end": "00:02:15", "text": "You then have your election years. So"}, {"start": "00:02:12", "end": "00:02:18", "text": "you have 2012. I mean, you really have"}, {"start": "00:02:15", "end": "00:02:21", "text": "2012, 2016,"}, {"start": "00:02:18", "end": "00:02:23", "text": "2020, and 2024."}, {"start": "00:02:21", "end": "00:02:25", "text": "Your"}, {"start": "00:02:23", "end": "00:02:29", "text": "uh pre-election years, right? So your"}, {"start": "00:02:25", "end": "00:02:33", "text": "pre-election years, those would be 2011,"}, {"start": "00:02:29", "end": "00:02:37", "text": "2015, 2019, and 2023. And then finally,"}, {"start": "00:02:33", "end": "00:02:40", "text": "the midterm years. So 2010, 2014, 2018,"}, {"start": "00:02:37", "end": "00:02:42", "text": "and 2022. But in this case, we're"}, {"start": "00:02:40", "end": "00:02:46", "text": "actually not going to include 2010 uh"}, {"start": "00:02:42", "end": "00:02:48", "text": "just for well, I guess we could. 2010,"}, {"start": "00:02:46", "end": "00:02:51", "text": "2014,"}, {"start": "00:02:48", "end": "00:02:52", "text": "2018, and then 2022."}, {"start": "00:02:51", "end": "00:02:57", "text": "So"}, {"start": "00:02:52", "end": "00:02:58", "text": "you have these baskets of years, right?"}, {"start": "00:02:57", "end": "00:03:03", "text": "And"}, {"start": "00:02:58", "end": "00:03:05", "text": "the main window of weakness for Bitcoin"}, {"start": "00:03:03", "end": "00:03:08", "text": "is in this year, the first year, the"}, {"start": "00:03:05", "end": "00:03:10", "text": "midterm year. This is the main window of"}, {"start": "00:03:08", "end": "00:03:13", "text": "weakness."}, {"start": "00:03:10", "end": "00:03:15", "text": "Now, really, you could argue that maybe"}, {"start": "00:03:13", "end": "00:03:16", "text": "the midterm year should be year four,"}, {"start": "00:03:15", "end": "00:03:19", "text": "not year one. But we're just this is how"}, {"start": "00:03:16", "end": "00:03:23", "text": "we're noting it in in this video. The"}, {"start": "00:03:19", "end": "00:03:26", "text": "whole year is a window of weakness. But"}, {"start": "00:03:23", "end": "00:03:28", "text": "within that year, there are pockets of"}, {"start": "00:03:26", "end": "00:03:32", "text": "strength"}, {"start": "00:03:28", "end": "00:03:37", "text": "mixed into the weak year."}, {"start": "00:03:32", "end": "00:03:40", "text": "And those pockets of strength occur at"}, {"start": "00:03:37", "end": "00:03:46", "text": "somewhat is not perfect. Get off my"}, {"start": "00:03:40", "end": "00:03:48", "text": "back. at somewhat predictable times."}, {"start": "00:03:46", "end": "00:03:52", "text": "The window of weakness is somewhat"}, {"start": "00:03:48", "end": "00:03:55", "text": "predictable, but again, seasonality is"}, {"start": "00:03:52", "end": "00:03:57", "text": "only right like 70% of the time, right?"}, {"start": "00:03:55", "end": "00:04:01", "text": "Like it it it is right more often than"}, {"start": "00:03:57", "end": "00:04:03", "text": "not, but when it's not right, people get"}, {"start": "00:04:01", "end": "00:04:06", "text": "really mad. And and you know, this is"}, {"start": "00:04:03", "end": "00:04:09", "text": "just the way the markets work. Look at"}, {"start": "00:04:06", "end": "00:04:11", "text": "when Bitcoin found lows so far. The"}, {"start": "00:04:09", "end": "00:04:15", "text": "first one was at the very end of the"}, {"start": "00:04:11", "end": "00:04:18", "text": "post having year. Notice that we also"}, {"start": "00:04:15", "end": "00:04:20", "text": "found a low um right here at the end of"}, {"start": "00:04:18", "end": "00:04:22", "text": "this posth having year. You see that you"}, {"start": "00:04:20", "end": "00:04:23", "text": "get your initial drop and then you"}, {"start": "00:04:22", "end": "00:04:26", "text": "bounce for a little bit and then you"}, {"start": "00:04:23", "end": "00:04:28", "text": "fall again. All right, look back over"}, {"start": "00:04:26", "end": "00:04:30", "text": "here in 2018. You had sort of these"}, {"start": "00:04:28", "end": "00:04:32", "text": "initial drops at the very end of the"}, {"start": "00:04:30", "end": "00:04:34", "text": "post having year and then we sort of"}, {"start": "00:04:32", "end": "00:04:36", "text": "bounced off of it. But you tend to get a"}, {"start": "00:04:34", "end": "00:04:41", "text": "drop at the very end of the post having"}, {"start": "00:04:36", "end": "00:04:44", "text": "year and it's always too soon for a lot"}, {"start": "00:04:41", "end": "00:04:46", "text": "of people to admit it's a bare market"}, {"start": "00:04:44", "end": "00:04:48", "text": "because why should they admit it? Up"}, {"start": "00:04:46", "end": "00:04:51", "text": "until this point every rally has been"}, {"start": "00:04:48", "end": "00:04:55", "text": "bought for years. So you get your first"}, {"start": "00:04:51", "end": "00:04:58", "text": "drop at the very end"}, {"start": "00:04:55", "end": "00:05:02", "text": "of year four,"}, {"start": "00:04:58", "end": "00:05:03", "text": "the first drop of the bare market."}, {"start": "00:05:02", "end": "00:05:05", "text": "And I mean, you can go back even further"}, {"start": "00:05:03", "end": "00:05:06", "text": "and see that it, you know, it played out"}, {"start": "00:05:05", "end": "00:05:09", "text": "in 2014 as well, right? You got your"}, {"start": "00:05:06", "end": "00:05:12", "text": "first initial drop at the very end of"}, {"start": "00:05:09", "end": "00:05:14", "text": "the post having year."}, {"start": "00:05:12", "end": "00:05:17", "text": "You're not sure it's a bare market, but"}, {"start": "00:05:14", "end": "00:05:22", "text": "it always is, right? It always is a bare"}, {"start": "00:05:17", "end": "00:05:25", "text": "market that late in the cycle. Okay. The"}, {"start": "00:05:22", "end": "00:05:28", "text": "first major low, therefore occurs"}, {"start": "00:05:25", "end": "00:05:33", "text": "usually at the end of the post having"}, {"start": "00:05:28", "end": "00:05:37", "text": "year. The second low tends to occur in"}, {"start": "00:05:33", "end": "00:05:38", "text": "February. February of 2014, February of"}, {"start": "00:05:37", "end": "00:05:41", "text": "2018,"}, {"start": "00:05:38", "end": "00:05:43", "text": "February of 2022 kind of. I mean, it was"}, {"start": "00:05:41", "end": "00:05:45", "text": "really like late January, like literally"}, {"start": "00:05:43", "end": "00:05:48", "text": "like some of the last days of January."}, {"start": "00:05:45", "end": "00:05:50", "text": "So, again, it's close. It's not always"}, {"start": "00:05:48", "end": "00:05:56", "text": "perfect."}, {"start": "00:05:50", "end": "00:05:59", "text": "And then this time, February of 2026."}, {"start": "00:05:56", "end": "00:06:01", "text": "Okay, February, Bitcoin often finds a"}, {"start": "00:05:59", "end": "00:06:06", "text": "low."}, {"start": "00:06:01", "end": "00:06:09", "text": "Then you tend to find another low in"}, {"start": "00:06:06", "end": "00:06:12", "text": "April. Sometimes it's a higher low,"}, {"start": "00:06:09", "end": "00:06:16", "text": "sometimes it's a lower low, but that is"}, {"start": "00:06:12", "end": "00:06:18", "text": "when the low forms. All right. Now, go"}, {"start": "00:06:16", "end": "00:06:21", "text": "through history, you'll see what I'm"}, {"start": "00:06:18", "end": "00:06:27", "text": "talking about. April 2014 was a lower"}, {"start": "00:06:21", "end": "00:06:29", "text": "low. April 2018, a higher low. 2020 uh"}, {"start": "00:06:27", "end": "00:06:31", "text": "2022 was a little bit different because"}, {"start": "00:06:29", "end": "00:06:33", "text": "Bitcoin was selling off into April, but"}, {"start": "00:06:31", "end": "00:06:36", "text": "the low didn't occur until May before it"}, {"start": "00:06:33", "end": "00:06:38", "text": "bounced. So, it's not perfect, but more"}, {"start": "00:06:36", "end": "00:06:40", "text": "times than not, Bitcoin finds a low in"}, {"start": "00:06:38", "end": "00:06:46", "text": "February, and more times than not, it"}, {"start": "00:06:40", "end": "00:06:48", "text": "finds a higher low um sometime in like,"}, {"start": "00:06:46", "end": "00:06:52", "text": "you know, April, sometime in that"}, {"start": "00:06:48", "end": "00:06:54", "text": "ballpark. But this time it was like off"}, {"start": "00:06:52", "end": "00:06:58", "text": "by two days, right? the higher low"}, {"start": "00:06:54", "end": "00:07:01", "text": "occurred at the very end of of March"}, {"start": "00:06:58", "end": "00:07:04", "text": "rather than the very beginning of April."}, {"start": "00:07:01", "end": "00:07:07", "text": "Kind of like how in the last cycle the"}, {"start": "00:07:04", "end": "00:07:09", "text": "low occurred in late January rather than"}, {"start": "00:07:07", "end": "00:07:11", "text": "like really early February. So imagine"}, {"start": "00:07:09", "end": "00:07:13", "text": "in 2022 if you saw this pattern, you're"}, {"start": "00:07:11", "end": "00:07:15", "text": "like, \"All right, well the low will be"}, {"start": "00:07:13", "end": "00:07:18", "text": "in February, and then the low ends up"}, {"start": "00:07:15", "end": "00:07:20", "text": "occurring on like January, like 25th or"}, {"start": "00:07:18", "end": "00:07:22", "text": "something, late January.\" And then"}, {"start": "00:07:20", "end": "00:07:24", "text": "everyone gets mad because the market"}, {"start": "00:07:22", "end": "00:07:25", "text": "found the low a few days before you"}, {"start": "00:07:24", "end": "00:07:27", "text": "thought it was going to. The same thing"}, {"start": "00:07:25", "end": "00:07:29", "text": "happened once again because, you know,"}, {"start": "00:07:27", "end": "00:07:30", "text": "this time I was like, \"All right, we'll"}, {"start": "00:07:29", "end": "00:07:34", "text": "likely find a low and it could be a"}, {"start": "00:07:30", "end": "00:07:36", "text": "higher low like 2018."}, {"start": "00:07:34", "end": "00:07:39", "text": "will likely find the higher low or lower"}, {"start": "00:07:36", "end": "00:07:42", "text": "low in early April. And then what"}, {"start": "00:07:39", "end": "00:07:46", "text": "happened? It occurred on March 29th,"}, {"start": "00:07:42", "end": "00:07:50", "text": "right? Like two days um I guess 3 days"}, {"start": "00:07:46", "end": "00:07:52", "text": "before before April started. So it's not"}, {"start": "00:07:50", "end": "00:07:54", "text": "perfect, but you can see like when the"}, {"start": "00:07:52", "end": "00:07:56", "text": "weakness comes into play. So when is the"}, {"start": "00:07:54", "end": "00:07:59", "text": "next major window of weakness? When does"}, {"start": "00:07:56", "end": "00:08:02", "text": "it end? Well, if you look in 2018, the"}, {"start": "00:07:59", "end": "00:08:09", "text": "next low was in June. It was in late"}, {"start": "00:08:02", "end": "00:08:09", "text": "June. In 2022 it was in mid June."}, {"start": "00:08:10", "end": "00:08:17", "text": "Two out of three years it was June. In"}, {"start": "00:08:14", "end": "00:08:21", "text": "2014 the high was June. But guess what?"}, {"start": "00:08:17", "end": "00:08:22", "text": "You still had a pretty big drop in June."}, {"start": "00:08:21", "end": "00:08:24", "text": "You can see that window of weakness sort"}, {"start": "00:08:22", "end": "00:08:26", "text": "of appeared after this rally that also"}, {"start": "00:08:24", "end": "00:08:28", "text": "basically got rejected at the 200 day"}, {"start": "00:08:26", "end": "00:08:32", "text": "moving average plus or minus a few"}, {"start": "00:08:28", "end": "00:08:34", "text": "percent. Okay. So"}, {"start": "00:08:32", "end": "00:08:37", "text": "what we talked about previously was that"}, {"start": "00:08:34", "end": "00:08:39", "text": "and I said this very clearly. I said I"}, {"start": "00:08:37", "end": "00:08:42", "text": "don't think this is 2014 because we"}, {"start": "00:08:39", "end": "00:08:43", "text": "already had that rally to those levels."}, {"start": "00:08:42", "end": "00:08:46", "text": "We were already at the 200 day moving"}, {"start": "00:08:43", "end": "00:08:49", "text": "average. And when you look at the"}, {"start": "00:08:46", "end": "00:08:52", "text": "year-to- date ROI of Bitcoin in 2026, it"}, {"start": "00:08:49", "end": "00:08:54", "text": "had already had the same move to the"}, {"start": "00:08:52", "end": "00:08:56", "text": "levels that we had achieved in 2014,"}, {"start": "00:08:54", "end": "00:08:57", "text": "right? Like it had already achieved it."}, {"start": "00:08:56", "end": "00:08:59", "text": "So it didn't make sense to keep calling"}, {"start": "00:08:57", "end": "00:09:01", "text": "for it. it made more sense to say, \"All"}, {"start": "00:08:59", "end": "00:09:03", "text": "right, this is when you'll likely start"}, {"start": "00:09:01", "end": "00:09:05", "text": "going down.\" And a few days ago, about a"}, {"start": "00:09:03", "end": "00:09:08", "text": "week or two ago, probably two weeks ago,"}, {"start": "00:09:05", "end": "00:09:10", "text": "I said that in order for June to"}, {"start": "00:09:08", "end": "00:09:13", "text": "potentially mark a low, we have to start"}, {"start": "00:09:10", "end": "00:09:15", "text": "going down soon because how can June"}, {"start": "00:09:13", "end": "00:09:18", "text": "mark a low if Bitcoin just keeps going"}, {"start": "00:09:15", "end": "00:09:20", "text": "up into June?"}, {"start": "00:09:18", "end": "00:09:22", "text": "It looks like that's what's happening,"}, {"start": "00:09:20", "end": "00:09:25", "text": "right? like the market started selling"}, {"start": "00:09:22", "end": "00:09:29", "text": "off in early May, which is exactly when"}, {"start": "00:09:25", "end": "00:09:30", "text": "it started selling off in 2018"}, {"start": "00:09:29", "end": "00:09:32", "text": "in early May, right? You can see it"}, {"start": "00:09:30", "end": "00:09:35", "text": "started selling off and and it just"}, {"start": "00:09:32", "end": "00:09:39", "text": "continued to slowly bleed out and it"}, {"start": "00:09:35", "end": "00:09:43", "text": "bled out until late June"}, {"start": "00:09:39", "end": "00:09:48", "text": "and then you had a rally, right? A July"}, {"start": "00:09:43", "end": "00:09:48", "text": "rally, the July rally of 2018."}, {"start": "00:09:49", "end": "00:09:58", "text": "and you had a July rally"}, {"start": "00:09:52", "end": "00:10:01", "text": "that lasted in mid August in 2022."}, {"start": "00:09:58", "end": "00:10:03", "text": "So notice in 2014 July and August were"}, {"start": "00:10:01", "end": "00:10:06", "text": "weak, but that was because we went up"}, {"start": "00:10:03", "end": "00:10:08", "text": "into June, not down into June. So if"}, {"start": "00:10:06", "end": "00:10:10", "text": "we're thinking about this from a"}, {"start": "00:10:08", "end": "00:10:12", "text": "seasonality perspective, say, you know"}, {"start": "00:10:10", "end": "00:10:15", "text": "what, it's there's a good chance it's"}, {"start": "00:10:12", "end": "00:10:18", "text": "right, but there's a 30% chance it's"}, {"start": "00:10:15", "end": "00:10:20", "text": "wrong. Okay? So, we're just doing the"}, {"start": "00:10:18", "end": "00:10:21", "text": "best we have here. I don't really"}, {"start": "00:10:20", "end": "00:10:24", "text": "recommend trying to trade counter trend"}, {"start": "00:10:21", "end": "00:10:26", "text": "rallies. I I don't I I I think it's a"}, {"start": "00:10:24", "end": "00:10:27", "text": "fool's errand. This is an academic"}, {"start": "00:10:26", "end": "00:10:29", "text": "exercise cuz what else the hell are we"}, {"start": "00:10:27", "end": "00:10:32", "text": "going to do for the next few months?"}, {"start": "00:10:29", "end": "00:10:35", "text": "Okay. So,"}, {"start": "00:10:32", "end": "00:10:37", "text": "in this case, when you're thinking about"}, {"start": "00:10:35", "end": "00:10:40", "text": "when is the next window of weakness"}, {"start": "00:10:37", "end": "00:10:42", "text": "going to end if this plays out like"}, {"start": "00:10:40", "end": "00:10:47", "text": "prior cycles, June would be a candidate"}, {"start": "00:10:42", "end": "00:10:50", "text": "month for another low to form. Could be"}, {"start": "00:10:47", "end": "00:10:53", "text": "a higher low, could be a lower low, but"}, {"start": "00:10:50", "end": "00:10:55", "text": "the window of weakness is open into"}, {"start": "00:10:53", "end": "00:10:59", "text": "June. And history shows us that it can"}, {"start": "00:10:55", "end": "00:11:02", "text": "stay weak into mid to late June. Now,"}, {"start": "00:10:59", "end": "00:11:03", "text": "what's going on in mid to late June, you"}, {"start": "00:11:02", "end": "00:11:06", "text": "ask?"}, {"start": "00:11:03", "end": "00:11:08", "text": "Well, the next Fed meeting is mid June,"}, {"start": "00:11:06", "end": "00:11:11", "text": "but the Fed meeting"}, {"start": "00:11:08", "end": "00:11:13", "text": "is not the important meeting. Even"}, {"start": "00:11:11", "end": "00:11:17", "text": "though it'll be Kevin Wars's first"}, {"start": "00:11:13", "end": "00:11:19", "text": "meeting as chair and it'll be important,"}, {"start": "00:11:17", "end": "00:11:22", "text": "it's not the main thing to watch. The"}, {"start": "00:11:19", "end": "00:11:25", "text": "main thing to watch in mid June is not"}, {"start": "00:11:22", "end": "00:11:27", "text": "the Fed, but it's the Bank of Japan"}, {"start": "00:11:25", "end": "00:11:30", "text": "because the Bank of Japan is likely"}, {"start": "00:11:27", "end": "00:11:32", "text": "going to raise rates in June. There's a"}, {"start": "00:11:30", "end": "00:11:34", "text": "good chance, not it's not a sure thing,"}, {"start": "00:11:32", "end": "00:11:37", "text": "there's a good chance they will raise"}, {"start": "00:11:34", "end": "00:11:40", "text": "rates in June. And there is precedent"}, {"start": "00:11:37", "end": "00:11:45", "text": "for Bitcoin forming a low right after"}, {"start": "00:11:40", "end": "00:11:48", "text": "they raise rates. August of 2024,"}, {"start": "00:11:45", "end": "00:11:50", "text": "the Bank of Japan raised rates or July"}, {"start": "00:11:48", "end": "00:11:55", "text": "was July and then Bitcoin bottomed like"}, {"start": "00:11:50", "end": "00:12:03", "text": "a week later in early August. Okay. So,"}, {"start": "00:11:55", "end": "00:12:05", "text": "what if Bitcoin sells off into June?"}, {"start": "00:12:03", "end": "00:12:08", "text": "people get scared"}, {"start": "00:12:05", "end": "00:12:10", "text": "and then we rally again in July and then"}, {"start": "00:12:08", "end": "00:12:13", "text": "we go through this whole process once"}, {"start": "00:12:10", "end": "00:12:16", "text": "again. And I mean it is a it is a brutal"}, {"start": "00:12:13", "end": "00:12:19", "text": "process of of like you know and I I"}, {"start": "00:12:16", "end": "00:12:21", "text": "think this is why bare markets are so"}, {"start": "00:12:19", "end": "00:12:23", "text": "mentally taxing is because it doesn't"}, {"start": "00:12:21", "end": "00:12:25", "text": "matter if you call it ahead of time"}, {"start": "00:12:23", "end": "00:12:27", "text": "right it doesn't matter if you think a"}, {"start": "00:12:25", "end": "00:12:29", "text": "counter trend rally is going to happen"}, {"start": "00:12:27", "end": "00:12:31", "text": "if you ultimately think the low is not"}, {"start": "00:12:29", "end": "00:12:33", "text": "in people will hate you during that"}, {"start": "00:12:31", "end": "00:12:35", "text": "counter trend rally so if I were to sit"}, {"start": "00:12:33", "end": "00:12:38", "text": "here let's just go through an example if"}, {"start": "00:12:35", "end": "00:12:40", "text": "I were to sit here and say that Bitcoin"}, {"start": "00:12:38", "end": "00:12:43", "text": "finds the low in June but it's not the"}, {"start": "00:12:40", "end": "00:12:45", "text": "low."}, {"start": "00:12:43", "end": "00:12:46", "text": "It doesn't matter. People People will"}, {"start": "00:12:45", "end": "00:12:48", "text": "look at that. They'll they'll think,"}, {"start": "00:12:46", "end": "00:12:49", "text": "\"All right, well, I'm not going to buy"}, {"start": "00:12:48", "end": "00:12:51", "text": "because Ben Ben said it's not the low.\""}, {"start": "00:12:49", "end": "00:12:53", "text": "And then if Bitcoin rallies in July,"}, {"start": "00:12:51", "end": "00:12:56", "text": "like it typically does, then they will"}, {"start": "00:12:53", "end": "00:12:58", "text": "get mad at me. So, I want to be clear"}, {"start": "00:12:56", "end": "00:13:00", "text": "about something."}, {"start": "00:12:58", "end": "00:13:03", "text": "Usually, the way to be successful at"}, {"start": "00:13:00", "end": "00:13:04", "text": "Bitcoin is to ignore it for the first"}, {"start": "00:13:03", "end": "00:13:06", "text": "half of the midterm year. Pretend like"}, {"start": "00:13:04", "end": "00:13:07", "text": "it doesn't exist. I do a pretty bad job"}, {"start": "00:13:06", "end": "00:13:09", "text": "of that because I talk about it every"}, {"start": "00:13:07", "end": "00:13:11", "text": "single day. But I can assure you if I"}, {"start": "00:13:09", "end": "00:13:12", "text": "did not have a YouTube channel, I"}, {"start": "00:13:11", "end": "00:13:14", "text": "wouldn't be looking at Bitcoin every"}, {"start": "00:13:12", "end": "00:13:16", "text": "day, right? I I'd be forgetting that it"}, {"start": "00:13:14", "end": "00:13:20", "text": "exists for the first half of the midterm"}, {"start": "00:13:16", "end": "00:13:22", "text": "year. Because if you look at six-month"}, {"start": "00:13:20", "end": "00:13:24", "text": "candles,"}, {"start": "00:13:22", "end": "00:13:27", "text": "if you look at six-month candles,"}, {"start": "00:13:24", "end": "00:13:30", "text": "look at the first half of 2014, Bitcoin"}, {"start": "00:13:27", "end": "00:13:33", "text": "dropped. The first half of 2018, Bitcoin"}, {"start": "00:13:30", "end": "00:13:37", "text": "dropped. The first half of 2022, Bitcoin"}, {"start": "00:13:33", "end": "00:13:39", "text": "dropped. So far, the first half of 2026,"}, {"start": "00:13:37", "end": "00:13:42", "text": "Bitcoin dropped."}, {"start": "00:13:39", "end": "00:13:45", "text": "It always drops in the first half of"}, {"start": "00:13:42", "end": "00:13:47", "text": "midterm years. So, typically, you're"}, {"start": "00:13:45", "end": "00:13:49", "text": "better off just ignoring Bitcoin in the"}, {"start": "00:13:47", "end": "00:13:52", "text": "first half of midterm years, fading the"}, {"start": "00:13:49", "end": "00:13:55", "text": "bulls, not falling for the counter trend"}, {"start": "00:13:52", "end": "00:13:56", "text": "rallies, and just saying, you know what,"}, {"start": "00:13:55", "end": "00:13:58", "text": "I'm going to wait and I'm going to b my"}, {"start": "00:13:56", "end": "00:14:02", "text": "time. I'm going to wait for the second"}, {"start": "00:13:58", "end": "00:14:04", "text": "half of the year. So, you don't have to"}, {"start": "00:14:02", "end": "00:14:06", "text": "buy the bottom to make money. No one"}, {"start": "00:14:04", "end": "00:14:09", "text": "knows where the bottom is, but you don't"}, {"start": "00:14:06", "end": "00:14:10", "text": "have to buy the bottom and make money."}, {"start": "00:14:09", "end": "00:14:14", "text": "I think as you get into the second half"}, {"start": "00:14:10", "end": "00:14:16", "text": "of the year, I have to ask myself, you"}, {"start": "00:14:14", "end": "00:14:18", "text": "know, do I want to go through this"}, {"start": "00:14:16", "end": "00:14:20", "text": "process again where people dunk on me"}, {"start": "00:14:18", "end": "00:14:22", "text": "left and right in a potential future"}, {"start": "00:14:20", "end": "00:14:24", "text": "counter trend rally in July just for the"}, {"start": "00:14:22", "end": "00:14:25", "text": "market to unwind one final time going"}, {"start": "00:14:24", "end": "00:14:28", "text": "into Q4? And I don't know if it's worth"}, {"start": "00:14:25", "end": "00:14:31", "text": "it. you know, maybe there's some degree"}, {"start": "00:14:28", "end": "00:14:34", "text": "of like, why not just call it a day"}, {"start": "00:14:31", "end": "00:14:37", "text": "after a potential June low and and say,"}, {"start": "00:14:34", "end": "00:14:40", "text": "you know what, maybe we go lower in Q4,"}, {"start": "00:14:37", "end": "00:14:42", "text": "but I'm not going to sit here and and,"}, {"start": "00:14:40", "end": "00:14:44", "text": "you know, argue it every single day. The"}, {"start": "00:14:42", "end": "00:14:46", "text": "truth is is I probably will because I"}, {"start": "00:14:44", "end": "00:14:48", "text": "can't help myself, but there is a big"}, {"start": "00:14:46", "end": "00:14:54", "text": "part of me that wishes I wouldn't to be"}, {"start": "00:14:48", "end": "00:14:57", "text": "honest. Um, so let's go back to"}, {"start": "00:14:54", "end": "00:14:59", "text": "so to so where we are right now."}, {"start": "00:14:57", "end": "00:15:02", "text": "The window of weakness will likely"}, {"start": "00:14:59", "end": "00:15:06", "text": "persist for a few more weeks, probably"}, {"start": "00:15:02", "end": "00:15:09", "text": "into June, mid to late June seems about"}, {"start": "00:15:06", "end": "00:15:11", "text": "right. And if that happens, then I would"}, {"start": "00:15:09", "end": "00:15:13", "text": "be looking for a counter trend rally"}, {"start": "00:15:11", "end": "00:15:14", "text": "potentially in July. Again, these are"}, {"start": "00:15:13", "end": "00:15:16", "text": "not tradable ideas. I'm not saying go"}, {"start": "00:15:14", "end": "00:15:20", "text": "trade this idea. I'm just saying what I"}, {"start": "00:15:16", "end": "00:15:24", "text": "think is the path to the actual low. And"}, {"start": "00:15:20", "end": "00:15:26", "text": "so one way it could play out is Bitcoin"}, {"start": "00:15:24", "end": "00:15:28", "text": "drops down to that 200E moving average,"}, {"start": "00:15:26", "end": "00:15:30", "text": "maybe even goes below it, maybe sweeps"}, {"start": "00:15:28", "end": "00:15:33", "text": "the prior low kind of like it did in"}, {"start": "00:15:30", "end": "00:15:36", "text": "2018 where it swept the low,"}, {"start": "00:15:33", "end": "00:15:41", "text": "bounces"}, {"start": "00:15:36", "end": "00:15:44", "text": "into July, right? And then"}, {"start": "00:15:41", "end": "00:15:48", "text": "we wait and figure out if Bitcoin gets"}, {"start": "00:15:44", "end": "00:15:50", "text": "the final drop in Q4 like it always"}, {"start": "00:15:48", "end": "00:15:52", "text": "does. Does it get the final drop at the"}, {"start": "00:15:50", "end": "00:15:54", "text": "end of the year? And unfortunately, we"}, {"start": "00:15:52", "end": "00:15:56", "text": "can't speed this process up. It doesn't"}, {"start": "00:15:54", "end": "00:15:58", "text": "matter what happens between now and Q4."}, {"start": "00:15:56", "end": "00:16:00", "text": "Until we actually get to Q4, there's no"}, {"start": "00:15:58", "end": "00:16:03", "text": "way to know. So, Bitcoin could go down"}, {"start": "00:16:00", "end": "00:16:05", "text": "to say 58K"}, {"start": "00:16:03", "end": "00:16:07", "text": "and then bounce back to 70 or 80K and"}, {"start": "00:16:05", "end": "00:16:08", "text": "we're still not going to know for sure"}, {"start": "00:16:07", "end": "00:16:10", "text": "if there won't just be another"}, {"start": "00:16:08", "end": "00:16:12", "text": "capitulation in Q4 when there's always a"}, {"start": "00:16:10", "end": "00:16:16", "text": "capitulation in Q4. And I have to be"}, {"start": "00:16:12", "end": "00:16:21", "text": "honest with you, I mean, so far the lows"}, {"start": "00:16:16", "end": "00:16:21", "text": "line up with 2018 almost exactly,"}, {"start": "00:16:23", "end": "00:16:30", "text": "the low in in February,"}, {"start": "00:16:26", "end": "00:16:32", "text": "the lower high in May, the higher low in"}, {"start": "00:16:30", "end": "00:16:35", "text": "late March, early April. it it's almost"}, {"start": "00:16:32", "end": "00:16:39", "text": "a carbon copy of it with the exception"}, {"start": "00:16:35", "end": "00:16:42", "text": "that the March high in 2018 was a higher"}, {"start": "00:16:39", "end": "00:16:45", "text": "high compared to the what happened later"}, {"start": "00:16:42", "end": "00:16:46", "text": "whereas that sorry the the May high was"}, {"start": "00:16:45", "end": "00:16:48", "text": "a lower high compared to March whereas"}, {"start": "00:16:46", "end": "00:16:50", "text": "this time the May high was a higher high"}, {"start": "00:16:48", "end": "00:16:53", "text": "compared to March that's the only"}, {"start": "00:16:50", "end": "00:16:53", "text": "difference"}, {"start": "00:16:54", "end": "00:17:00", "text": "but if this plays out right then you'd"}, {"start": "00:16:57", "end": "00:17:03", "text": "be looking for a low in June followed by"}, {"start": "00:17:00", "end": "00:17:06", "text": "another high in July high. Now, could"}, {"start": "00:17:03", "end": "00:17:09", "text": "that high be a higher high again? Like,"}, {"start": "00:17:06", "end": "00:17:11", "text": "you know, is it possible that that"}, {"start": "00:17:09", "end": "00:17:14", "text": "Bitcoin does something like this where"}, {"start": "00:17:11", "end": "00:17:17", "text": "it it's putting in these like, you know,"}, {"start": "00:17:14", "end": "00:17:19", "text": "higher highs where it it rallies or"}, {"start": "00:17:17", "end": "00:17:21", "text": "sorry, like drops all the way back down"}, {"start": "00:17:19", "end": "00:17:23", "text": "here, rallies back up, people get super"}, {"start": "00:17:21", "end": "00:17:25", "text": "bulled up, and then you get the final"}, {"start": "00:17:23", "end": "00:17:28", "text": "drop into Q4 and then the bull market"}, {"start": "00:17:25", "end": "00:17:31", "text": "begins. Maybe, right? I don't know. But"}, {"start": "00:17:28", "end": "00:17:34", "text": "I I can assure I I can assure you if we"}, {"start": "00:17:31", "end": "00:17:36", "text": "go put in a new low in June um and it's"}, {"start": "00:17:34", "end": "00:17:38", "text": "late June, you don't want to be panic"}, {"start": "00:17:36", "end": "00:17:40", "text": "selling your Bitcoin then would be my"}, {"start": "00:17:38", "end": "00:17:43", "text": "guess because the market might rip you a"}, {"start": "00:17:40", "end": "00:17:47", "text": "new one in July. The market"}, {"start": "00:17:43", "end": "00:17:49", "text": "basically ripped my face off in July of"}, {"start": "00:17:47", "end": "00:17:51", "text": "2022."}, {"start": "00:17:49", "end": "00:17:53", "text": "Actually, that's not true. That's not"}, {"start": "00:17:51", "end": "00:17:56", "text": "true."}, {"start": "00:17:53", "end": "00:17:58", "text": "The market where did I get wrong? So, in"}, {"start": "00:17:56", "end": "00:18:00", "text": "2022,"}, {"start": "00:17:58", "end": "00:18:02", "text": "I no, in 2022, I thought we were going"}, {"start": "00:18:00", "end": "00:18:05", "text": "to have a rally, but I was like two"}, {"start": "00:18:02", "end": "00:18:08", "text": "weeks too early, right? Two weeks too"}, {"start": "00:18:05", "end": "00:18:10", "text": "early. Um, and so by the time we had the"}, {"start": "00:18:08", "end": "00:18:13", "text": "rally, right, like it just basically"}, {"start": "00:18:10", "end": "00:18:15", "text": "rallied back up to where it was. So,"}, {"start": "00:18:13", "end": "00:18:20", "text": "that was that was the the mistake I made"}, {"start": "00:18:15", "end": "00:18:23", "text": "last cycle in um in 2022 is, you know,"}, {"start": "00:18:20", "end": "00:18:26", "text": "thinking that the rally might occur"}, {"start": "00:18:23", "end": "00:18:29", "text": "in June, but it didn't really start"}, {"start": "00:18:26", "end": "00:18:31", "text": "until July, right? Because like in in"}, {"start": "00:18:29", "end": "00:18:35", "text": "June on June 13th, the market still"}, {"start": "00:18:31", "end": "00:18:35", "text": "didn't go anywhere."}, {"start": "00:18:35", "end": "00:18:39", "text": "You see, and the rally didn't really get"}, {"start": "00:18:37", "end": "00:18:41", "text": "going until July. And I should have I"}, {"start": "00:18:39", "end": "00:18:42", "text": "should have looked at that. I mean, I"}, {"start": "00:18:41", "end": "00:18:43", "text": "should have looked at like 2018 and saw"}, {"start": "00:18:42", "end": "00:18:45", "text": "the rally. Didn't really start going"}, {"start": "00:18:43", "end": "00:18:47", "text": "until July as well. Um, and been a"}, {"start": "00:18:45", "end": "00:18:51", "text": "little bit more open-minded to it taking"}, {"start": "00:18:47", "end": "00:18:52", "text": "until July, but right now, this just"}, {"start": "00:18:51", "end": "00:18:54", "text": "looks like every other every other bare"}, {"start": "00:18:52", "end": "00:18:56", "text": "market rally where you you rally on up"}, {"start": "00:18:54", "end": "00:18:58", "text": "into the 200 day moving average. Uh, you"}, {"start": "00:18:56", "end": "00:19:00", "text": "rally up into that bare market"}, {"start": "00:18:58", "end": "00:19:03", "text": "resistance band, and then you just kind"}, {"start": "00:19:00", "end": "00:19:03", "text": "of sell off."}, {"start": "00:19:03", "end": "00:19:07", "text": "If you look at the year-to- date ROI of"}, {"start": "00:19:05", "end": "00:19:09", "text": "Bitcoin"}, {"start": "00:19:07", "end": "00:19:11", "text": "in 2014, you can see it kind of came up"}, {"start": "00:19:09", "end": "00:19:14", "text": "and then ultimately the next low that"}, {"start": "00:19:11", "end": "00:19:16", "text": "occurred, this was an October low."}, {"start": "00:19:14", "end": "00:19:18", "text": "Back then, we actually went lower into"}, {"start": "00:19:16", "end": "00:19:23", "text": "January of 2015, but you can see when"}, {"start": "00:19:18", "end": "00:19:23", "text": "that October low occurred in 2022,"}, {"start": "00:19:24", "end": "00:19:28", "text": "you can see that we had this big drop"}, {"start": "00:19:26", "end": "00:19:30", "text": "right here. This was the June drop. We"}, {"start": "00:19:28", "end": "00:19:34", "text": "we're approaching it now, right? This"}, {"start": "00:19:30", "end": "00:19:38", "text": "was the big June drop in 20"}, {"start": "00:19:34", "end": "00:19:42", "text": "18. You can see we had this June drop."}, {"start": "00:19:38", "end": "00:19:45", "text": "And I think if you compare 2026 to 2018,"}, {"start": "00:19:42", "end": "00:19:47", "text": "the lows line up, your February low,"}, {"start": "00:19:45", "end": "00:19:50", "text": "your higher low in Mar late March, early"}, {"start": "00:19:47", "end": "00:19:52", "text": "April, your your high in in late May,"}, {"start": "00:19:50", "end": "00:19:54", "text": "and then you sell off into June. The"}, {"start": "00:19:52", "end": "00:19:56", "text": "only difference between 2018 and 2026 is"}, {"start": "00:19:54", "end": "00:19:58", "text": "there's more volatility in 2018 than"}, {"start": "00:19:56", "end": "00:20:00", "text": "2026. And it makes sense that there's"}, {"start": "00:19:58", "end": "00:20:01", "text": "more volatility. There was more"}, {"start": "00:20:00", "end": "00:20:03", "text": "volatility back then because Bitcoin had"}, {"start": "00:20:01", "end": "00:20:04", "text": "a euphoric rally whereas this time it"}, {"start": "00:20:03", "end": "00:20:06", "text": "did not have a euphoric rally."}, {"start": "00:20:04", "end": "00:20:09", "text": "Therefore, there's less volatility to"}, {"start": "00:20:06", "end": "00:20:09", "text": "the downside."}, {"start": "00:20:09", "end": "00:20:16", "text": "If you think the markets are dead now,"}, {"start": "00:20:12", "end": "00:20:18", "text": "imagine 2018 where after we came down to"}, {"start": "00:20:16", "end": "00:20:25", "text": "the June low, the market went sideways"}, {"start": "00:20:18", "end": "00:20:25", "text": "at 6,000 for like four or five months."}, {"start": "00:20:26", "end": "00:20:31", "text": "I mean, look at the chart, right? I"}, {"start": "00:20:28", "end": "00:20:35", "text": "mean, look at this. Literally"}, {"start": "00:20:31", "end": "00:20:38", "text": "from day 18. So, basically from July"}, {"start": "00:20:35", "end": "00:20:41", "text": "until November, the market did almost"}, {"start": "00:20:38", "end": "00:20:45", "text": "absolutely nothing."}, {"start": "00:20:41", "end": "00:20:47", "text": "And then the windfall occurred in Q4."}, {"start": "00:20:45", "end": "00:20:50", "text": "It reset the cycle and then the bull"}, {"start": "00:20:47", "end": "00:20:52", "text": "market started."}, {"start": "00:20:50", "end": "00:20:55", "text": "So,"}, {"start": "00:20:52", "end": "00:20:57", "text": "we can go through the mental gymnastics"}, {"start": "00:20:55", "end": "00:20:58", "text": "like people like to do and say, \"Well,"}, {"start": "00:20:57", "end": "00:21:00", "text": "if everyone's expecting it, then it's"}, {"start": "00:20:58", "end": "00:21:03", "text": "not going to happen.\""}, {"start": "00:21:00", "end": "00:21:04", "text": "But, I mean, we talked about the top"}, {"start": "00:21:03", "end": "00:21:06", "text": "being in Q4. And everyone was like,"}, {"start": "00:21:04", "end": "00:21:07", "text": "\"Well, if the four-year cycle, if"}, {"start": "00:21:06", "end": "00:21:08", "text": "everyone thinks the four-ear cycle is"}, {"start": "00:21:07", "end": "00:21:11", "text": "going to happen, then it won't.\" And"}, {"start": "00:21:08", "end": "00:21:14", "text": "Bitcoin topped anyways."}, {"start": "00:21:11", "end": "00:21:17", "text": "Who's to say? Why can't it happen? Like,"}, {"start": "00:21:14", "end": "00:21:20", "text": "why why can't there be a low in Q4?"}, {"start": "00:21:17", "end": "00:21:22", "text": "If we get another rally, I mean, I'm"}, {"start": "00:21:20", "end": "00:21:24", "text": "sure people will will argue that, all"}, {"start": "00:21:22", "end": "00:21:26", "text": "right, well, if you waited until Q4,"}, {"start": "00:21:24", "end": "00:21:28", "text": "you're missing out,"}, {"start": "00:21:26", "end": "00:21:30", "text": "but"}, {"start": "00:21:28", "end": "00:21:31", "text": "I mean, you know, we've had July rallies"}, {"start": "00:21:30", "end": "00:21:34", "text": "in every midterm year, and they still"}, {"start": "00:21:31", "end": "00:21:37", "text": "never led to the low. So, I gota I I got"}, {"start": "00:21:34", "end": "00:21:39", "text": "to think right now, and this is subject"}, {"start": "00:21:37", "end": "00:21:45", "text": "to change, but I have to think right now"}, {"start": "00:21:39", "end": "00:21:48", "text": "that the next low likely forms in June"}, {"start": "00:21:45", "end": "00:21:51", "text": "and there probably will be a rally kind"}, {"start": "00:21:48", "end": "00:21:53", "text": "of like early Q3,"}, {"start": "00:21:51", "end": "00:21:56", "text": "July, August,"}, {"start": "00:21:53", "end": "00:22:00", "text": "which would then set up"}, {"start": "00:21:56", "end": "00:22:02", "text": "the final drop into sort of the"}, {"start": "00:22:00", "end": "00:22:05", "text": "September, October time frame."}, {"start": "00:22:02", "end": "00:22:08", "text": "And if that plays out and we're sitting"}, {"start": "00:22:05", "end": "00:22:11", "text": "here in Q4 and Bitcoin is is is trading"}, {"start": "00:22:08", "end": "00:22:12", "text": "at a low price, I have a feeling there's"}, {"start": "00:22:11", "end": "00:22:14", "text": "going to be a lot of people that are"}, {"start": "00:22:12", "end": "00:22:16", "text": "bullish now that are going to be bearish"}, {"start": "00:22:14", "end": "00:22:19", "text": "then, but that'll probably be the time"}, {"start": "00:22:16", "end": "00:22:23", "text": "to pivot. So, I we'll just I'm taking"}, {"start": "00:22:19", "end": "00:22:24", "text": "this one one day at a time, right? And"}, {"start": "00:22:23", "end": "00:22:27", "text": "again, you know, if you're struggling"}, {"start": "00:22:24", "end": "00:22:30", "text": "with this, just remember there's other"}, {"start": "00:22:27", "end": "00:22:32", "text": "markets. Stocks are at all-time highs."}, {"start": "00:22:30", "end": "00:22:34", "text": "International markets are at all-time"}, {"start": "00:22:32", "end": "00:22:36", "text": "highs. Emerging markets are doing well."}, {"start": "00:22:34", "end": "00:22:38", "text": "You know, energy is doing great."}, {"start": "00:22:36", "end": "00:22:40", "text": "Manufacturing is doing great. There's"}, {"start": "00:22:38", "end": "00:22:41", "text": "other ways you can be invested in"}, {"start": "00:22:40", "end": "00:22:45", "text": "midterm years. You don't just have to"}, {"start": "00:22:41", "end": "00:22:47", "text": "sit in cash waiting for crypto."}, {"start": "00:22:45", "end": "00:22:49", "text": "But if you are only interested in"}, {"start": "00:22:47", "end": "00:22:52", "text": "crypto,"}, {"start": "00:22:49", "end": "00:22:54", "text": "then just know the best course of action"}, {"start": "00:22:52", "end": "00:22:57", "text": "for Bitcoin has been to always fade it"}, {"start": "00:22:54", "end": "00:22:59", "text": "for the first half of the midterm year"}, {"start": "00:22:57", "end": "00:23:02", "text": "and then start looking for deals in the"}, {"start": "00:22:59", "end": "00:23:04", "text": "second half. In the first half, just"}, {"start": "00:23:02", "end": "00:23:07", "text": "assume that every quote unquote deal"}, {"start": "00:23:04", "end": "00:23:10", "text": "that presents itself is a fake low. But"}, {"start": "00:23:07", "end": "00:23:12", "text": "in the second half of the year, that's"}, {"start": "00:23:10", "end": "00:23:14", "text": "normally when the low actually forms."}, {"start": "00:23:12", "end": "00:23:16", "text": "And sometimes it doesn't occur until"}, {"start": "00:23:14", "end": "00:23:18", "text": "like the very end of the year. So those"}, {"start": "00:23:16", "end": "00:23:20", "text": "are my thoughts. That's the window of"}, {"start": "00:23:18", "end": "00:23:21", "text": "weakness. If you guys like the content,"}, {"start": "00:23:20", "end": "00:23:23", "text": "subscribe, give the video a thumbs up,"}, {"start": "00:23:21", "end": "00:23:24", "text": "check out the sale on ITC premium at"}, {"start": "00:23:23", "end": "00:23:25", "text": "into the cryptoverse.com. Again, we're"}, {"start": "00:23:24", "end": "00:23:29", "text": "going to be ending that sale relatively"}, {"start": "00:23:25", "end": "00:23:29", "text": "soon. And I will see you next time. Bye."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Hello everybody. Welcome to another"}, {"start": "00:00:03", "end": "00:00:11", "text": "episode of NFA Live. I am joined as ever"}, {"start": "00:00:07", "end": "00:00:13", "text": "by Guy from Coin Bureau, Finance Bureau,"}, {"start": "00:00:11", "end": "00:00:14", "text": "Money Bureau, AI Bureau, Coin Bureau"}, {"start": "00:00:13", "end": "00:00:17", "text": "Podcast, Coin Bureau Trading, Coin"}, {"start": "00:00:14", "end": "00:00:20", "text": "Bureau Chinese, and Coin Bureau Espanol."}, {"start": "00:00:17", "end": "00:00:22", "text": "So, Guy, welcome to the show."}, {"start": "00:00:20", "end": "00:00:24", "text": ">> Thanks. I'm not on the I'm not on uh the"}, {"start": "00:00:22", "end": "00:00:25", "text": "Chinese channel. My Mandarin isn't good"}, {"start": "00:00:24", "end": "00:00:27", "text": "enough."}, {"start": "00:00:25", "end": "00:00:29", "text": ">> Ah, I'm sure I'm sure AI can make that"}, {"start": "00:00:27", "end": "00:00:31", "text": "work just wonderfully. And of course,"}, {"start": "00:00:29", "end": "00:00:33", "text": "we've got Ben from Into the Cryptoverse."}, {"start": "00:00:31", "end": "00:00:35", "text": "Ben, welcome back."}, {"start": "00:00:33", "end": "00:00:38", "text": ">> Thanks for having me."}, {"start": "00:00:35", "end": "00:00:42", "text": ">> Absolutely. So, it's kind of one of"}, {"start": "00:00:38", "end": "00:00:45", "text": "those days that uh is not looking so"}, {"start": "00:00:42", "end": "00:00:50", "text": "great, but very boring as we've uh taken"}, {"start": "00:00:45", "end": "00:00:52", "text": "along our little uh uh crypto adventure"}, {"start": "00:00:50", "end": "00:00:53", "text": "that we have. So, I just have some"}, {"start": "00:00:52", "end": "00:00:56", "text": "questions and we're going to go through"}, {"start": "00:00:53", "end": "00:00:57", "text": "this pretty quickly uh just to talk"}, {"start": "00:00:56", "end": "00:01:02", "text": "about what's happening. So the first"}, {"start": "00:00:57", "end": "00:01:04", "text": "question is this market is boring and uh"}, {"start": "00:01:02", "end": "00:01:07", "text": "I just want to get everybody's feeling"}, {"start": "00:01:04", "end": "00:01:10", "text": "like I kind of feel like this is and the"}, {"start": "00:01:07", "end": "00:01:14", "text": "data is trying to show this which is it"}, {"start": "00:01:10", "end": "00:01:17", "text": "seems like the markets themselves"}, {"start": "00:01:14", "end": "00:01:20", "text": "are quite uh moving in a very like"}, {"start": "00:01:17", "end": "00:01:22", "text": "linear uh manner. It doesn't seem like"}, {"start": "00:01:20", "end": "00:01:24", "text": "there's there's much action. I remember"}, {"start": "00:01:22", "end": "00:01:28", "text": "back in 2022, even though it was awful,"}, {"start": "00:01:24", "end": "00:01:30", "text": "we had a collapse of Celsius, Voyager,"}, {"start": "00:01:28", "end": "00:01:32", "text": "FTX, we had Luna collapse, we had"}, {"start": "00:01:30", "end": "00:01:34", "text": "everybody going to jail, at least it was"}, {"start": "00:01:32", "end": "00:01:35", "text": "entertaining, but right now it just"}, {"start": "00:01:34", "end": "00:01:37", "text": "seems like everything is pretty much"}, {"start": "00:01:35", "end": "00:01:40", "text": "moving sideways. As we take a look at"}, {"start": "00:01:37", "end": "00:01:44", "text": "the market, we can see that right now"}, {"start": "00:01:40", "end": "00:01:47", "text": "that Bitcoin is below 75 now at 73,423."}, {"start": "00:01:44", "end": "00:01:50", "text": "We had a drop of 3% in roughly 24 hours."}, {"start": "00:01:47", "end": "00:01:52", "text": "Uh in a week, we're down 5%. But if we"}, {"start": "00:01:50", "end": "00:01:55", "text": "just take a look at things like moving"}, {"start": "00:01:52", "end": "00:01:57", "text": "averages, I mean, we are"}, {"start": "00:01:55", "end": "00:02:01", "text": "well above where I think we actually"}, {"start": "00:01:57", "end": "00:02:04", "text": "should be as we've gone across 200 250"}, {"start": "00:02:01", "end": "00:02:09", "text": "day and so on and so forth. And if we"}, {"start": "00:02:04", "end": "00:02:12", "text": "take a look at u I mean just the ROI as"}, {"start": "00:02:09", "end": "00:02:14", "text": "time has gone on, we're actually moving"}, {"start": "00:02:12", "end": "00:02:17", "text": "quite sideways as opposed to the last"}, {"start": "00:02:14", "end": "00:02:19", "text": "cycle and the cycle before that and the"}, {"start": "00:02:17", "end": "00:02:22", "text": "cycle before that and the cycle before"}, {"start": "00:02:19", "end": "00:02:25", "text": "that if you want to count it. So what's"}, {"start": "00:02:22", "end": "00:02:28", "text": "your thoughts on this about as far as"}, {"start": "00:02:25", "end": "00:02:29", "text": "the mentality of sticking with it in a"}, {"start": "00:02:28", "end": "00:02:31", "text": "very boring market? Guy, you've been"}, {"start": "00:02:29", "end": "00:02:33", "text": "around for I think the longest out of"}, {"start": "00:02:31", "end": "00:02:35", "text": "all of us. So, just kind of bring us"}, {"start": "00:02:33", "end": "00:02:37", "text": "into uh what you think and how you're"}, {"start": "00:02:35", "end": "00:02:39", "text": "getting through this kind of lame"}, {"start": "00:02:37", "end": "00:02:41", "text": "market."}, {"start": "00:02:39", "end": "00:02:43", "text": ">> Sure."}, {"start": "00:02:41", "end": "00:02:45", "text": ">> Well, I mean, yes, you're right. We"}, {"start": "00:02:43", "end": "00:02:48", "text": "don't have the uh we don't have the"}, {"start": "00:02:45", "end": "00:02:50", "text": "fireworks that we had in 2022 with"}, {"start": "00:02:48", "end": "00:02:54", "text": "everything uh failing and people going"}, {"start": "00:02:50", "end": "00:02:56", "text": "to jail, etc. Um, which is a good thing."}, {"start": "00:02:54", "end": "00:02:58", "text": "So, be careful what you wish for. We"}, {"start": "00:02:56", "end": "00:03:01", "text": "don't want the market to get too"}, {"start": "00:02:58", "end": "00:03:04", "text": "interesting in uh in that respect. But"}, {"start": "00:03:01", "end": "00:03:07", "text": "for me that you know I kind of read that"}, {"start": "00:03:04", "end": "00:03:11", "text": "as okay it is dull but I guess that is"}, {"start": "00:03:07", "end": "00:03:14", "text": "part of the part of the phase that"}, {"start": "00:03:11", "end": "00:03:15", "text": "crypto is now moving into and that you"}, {"start": "00:03:14", "end": "00:03:17", "text": "know the current sort of market"}, {"start": "00:03:15", "end": "00:03:20", "text": "condition does seem to reflect that"}, {"start": "00:03:17", "end": "00:03:22", "text": "sentiment I think in that you know we're"}, {"start": "00:03:20", "end": "00:03:24", "text": "not the"}, {"start": "00:03:22", "end": "00:03:27", "text": "te crypto is not the the new"}, {"start": "00:03:24", "end": "00:03:30", "text": "technological frontier anymore like it"}, {"start": "00:03:27", "end": "00:03:32", "text": "was in 2021 say when there you know"}, {"start": "00:03:30", "end": "00:03:35", "text": "there there was genuine excitement"}, {"start": "00:03:32", "end": "00:03:37", "text": "around uh around blockchain and and"}, {"start": "00:03:35", "end": "00:03:41", "text": "tokenization and what all these what all"}, {"start": "00:03:37", "end": "00:03:44", "text": "these technologies could do that has you"}, {"start": "00:03:41", "end": "00:03:47", "text": "know that has shifted so obviously AI is"}, {"start": "00:03:44", "end": "00:03:50", "text": "um is is is the big technological uh"}, {"start": "00:03:47", "end": "00:03:53", "text": "revolution happening at the moment um so"}, {"start": "00:03:50", "end": "00:03:56", "text": "crypto is kind of moving into its I"}, {"start": "00:03:53", "end": "00:03:59", "text": "guess what it was always destined to be"}, {"start": "00:03:56", "end": "00:04:00", "text": "which is the the the the sector it was"}, {"start": "00:03:59", "end": "00:04:03", "text": "always destined to move into which is"}, {"start": "00:04:00", "end": "00:04:05", "text": "kind of back-end technology which is"}, {"start": "00:04:03", "end": "00:04:07", "text": "essentially what a blockchain is. You"}, {"start": "00:04:05", "end": "00:04:09", "text": "know a blockchain is is a database at"}, {"start": "00:04:07", "end": "00:04:12", "text": "the end of the day. All these projects"}, {"start": "00:04:09", "end": "00:04:14", "text": "are basically database uh projects. This"}, {"start": "00:04:12", "end": "00:04:17", "text": "is this is inf crypto is is"}, {"start": "00:04:14", "end": "00:04:20", "text": "infrastructure I think. So it kind of"}, {"start": "00:04:17", "end": "00:04:22", "text": "figures or it kind of makes sense I"}, {"start": "00:04:20", "end": "00:04:25", "text": "think that that we're moving into this"}, {"start": "00:04:22", "end": "00:04:28", "text": "phase now. Um which unfortunately yeah"}, {"start": "00:04:25", "end": "00:04:30", "text": "does not translate to great returns. It"}, {"start": "00:04:28", "end": "00:04:32", "text": "also translates to a lot of exhaustion"}, {"start": "00:04:30", "end": "00:04:34", "text": "in the market, a lot of disappointment I"}, {"start": "00:04:32", "end": "00:04:37", "text": "think like that. Um, things like that."}, {"start": "00:04:34", "end": "00:04:40", "text": "So, and plus when, you know, we've now"}, {"start": "00:04:37", "end": "00:04:44", "text": "got these as as sort of beffits almost"}, {"start": "00:04:40", "end": "00:04:46", "text": "this changing status of crypto. We've"}, {"start": "00:04:44", "end": "00:04:47", "text": "now got things like all these ethical"}, {"start": "00:04:46", "end": "00:04:49", "text": "considerations"}, {"start": "00:04:47", "end": "00:04:51", "text": "um that are now being talked about. You"}, {"start": "00:04:49", "end": "00:04:54", "text": "certainly in relation to the Clarity Act"}, {"start": "00:04:51", "end": "00:04:56", "text": "and uh you know whether politicians"}, {"start": "00:04:54", "end": "00:04:58", "text": "should be able to benefit uh financially"}, {"start": "00:04:56", "end": "00:04:59", "text": "from the technologies that they're"}, {"start": "00:04:58", "end": "00:05:02", "text": "supposed to be regulated. There's all"}, {"start": "00:04:59", "end": "00:05:05", "text": "these kind of back and forths with uh"}, {"start": "00:05:02", "end": "00:05:07", "text": "so-called ethical considerations."}, {"start": "00:05:05", "end": "00:05:10", "text": ">> And yeah, I mean that sort of stuff is"}, {"start": "00:05:07", "end": "00:05:12", "text": "boring. It's necessary, but it's it's"}, {"start": "00:05:10", "end": "00:05:15", "text": "kind of boring and a bit tedious. But"}, {"start": "00:05:12", "end": "00:05:18", "text": "again, this is this is the uh era of"}, {"start": "00:05:15", "end": "00:05:22", "text": "crypto that we're moving into. So I kind"}, {"start": "00:05:18", "end": "00:05:24", "text": "of I think it kind of beffits befits the"}, {"start": "00:05:22", "end": "00:05:26", "text": "industry and its stage that uh that that"}, {"start": "00:05:24", "end": "00:05:29", "text": "we're you know this is the sort of"}, {"start": "00:05:26", "end": "00:05:32", "text": "market that we're experiencing now. Um"}, {"start": "00:05:29", "end": "00:05:34", "text": "and when you consider I guess as well"}, {"start": "00:05:32", "end": "00:05:36", "text": "all the other uh all the other sectors"}, {"start": "00:05:34", "end": "00:05:40", "text": "that are so that are you know popping"}, {"start": "00:05:36", "end": "00:05:42", "text": "off I mean mentioned AI but you've"}, {"start": "00:05:40", "end": "00:05:45", "text": "you've got IPOs like SpaceX you know"}, {"start": "00:05:42", "end": "00:05:48", "text": "we've got the first ever com space"}, {"start": "00:05:45", "end": "00:05:50", "text": "company going public which is I mean"}, {"start": "00:05:48", "end": "00:05:52", "text": "that is really exciting. I mean, whether"}, {"start": "00:05:50", "end": "00:05:55", "text": "SpaceX will live up to what, a $2"}, {"start": "00:05:52", "end": "00:05:58", "text": "trillion valuation, I don't know. But"}, {"start": "00:05:55", "end": "00:06:01", "text": "it's it sure is exciting that we're now"}, {"start": "00:05:58", "end": "00:06:03", "text": "at that stage in human evolution where"}, {"start": "00:06:01", "end": "00:06:06", "text": "the first companies that are that are"}, {"start": "00:06:03", "end": "00:06:08", "text": "going to operate in space are going"}, {"start": "00:06:06", "end": "00:06:10", "text": "public. Um, that's an awful lot for"}, {"start": "00:06:08", "end": "00:06:12", "text": "crypto. That's an awful lot for a"}, {"start": "00:06:10", "end": "00:06:13", "text": "glorified database to compete with. I"}, {"start": "00:06:12", "end": "00:06:15", "text": "guess"}, {"start": "00:06:13", "end": "00:06:18", "text": ">> I have to say that's uh that's pretty"}, {"start": "00:06:15", "end": "00:06:20", "text": "much uh spot on, especially with the"}, {"start": "00:06:18", "end": "00:06:22", "text": "valuations of these um companies coming"}, {"start": "00:06:20", "end": "00:06:24", "text": "in. I don't think they're going to live"}, {"start": "00:06:22", "end": "00:06:25", "text": "up to the hype. I think there's there's"}, {"start": "00:06:24", "end": "00:06:27", "text": "only so many that can actually, you"}, {"start": "00:06:25", "end": "00:06:28", "text": "know, get through it. And then just just"}, {"start": "00:06:27", "end": "00:06:31", "text": "to piggyback on what you said, I saw"}, {"start": "00:06:28", "end": "00:06:34", "text": "this today. NASA looks like they're"}, {"start": "00:06:31", "end": "00:06:35", "text": "sharing an update on their NASA moon"}, {"start": "00:06:34", "end": "00:06:37", "text": "base. I think Elon Musk actually"}, {"start": "00:06:35", "end": "00:06:40", "text": "retweeted this out. So things are moving"}, {"start": "00:06:37", "end": "00:06:43", "text": "in that direction, I would say. But as"}, {"start": "00:06:40", "end": "00:06:45", "text": "far as like digital assets and crypto, I"}, {"start": "00:06:43", "end": "00:06:47", "text": "see it as flat. Maybe I'm wrong. Ben,"}, {"start": "00:06:45", "end": "00:06:49", "text": "give us a little bit of uh perspective."}, {"start": "00:06:47", "end": "00:06:52", "text": ">> Well, at least someone's headed to the"}, {"start": "00:06:49", "end": "00:06:52", "text": "moon, you know."}, {"start": "00:06:52", "end": "00:06:57", "text": "That's a good one. That's a good one."}, {"start": "00:06:56", "end": "00:06:58", "text": ">> I mean, I don't really have anything to"}, {"start": "00:06:57", "end": "00:07:00", "text": "add. I mean, yeah. I mean, this is kind"}, {"start": "00:06:58", "end": "00:07:02", "text": "of how all midterm years are. This is"}, {"start": "00:07:00", "end": "00:07:07", "text": "what 2022 felt like. But I think in"}, {"start": "00:07:02", "end": "00:07:09", "text": "2022, there was a bit more um major, you"}, {"start": "00:07:07", "end": "00:07:12", "text": "know, companies that were all going"}, {"start": "00:07:09", "end": "00:07:13", "text": "under. we haven't really seen the ex the"}, {"start": "00:07:12", "end": "00:07:16", "text": "same extent. There are a lot of"}, {"start": "00:07:13", "end": "00:07:18", "text": "companies going under. Um, and there's a"}, {"start": "00:07:16", "end": "00:07:21", "text": "lot of companies that are I mean in the"}, {"start": "00:07:18", "end": "00:07:22", "text": "crypto space there's definitely some"}, {"start": "00:07:21", "end": "00:07:24", "text": "companies that are are hurting there."}, {"start": "00:07:22", "end": "00:07:27", "text": "Some of the crypto stocks if you look"}, {"start": "00:07:24", "end": "00:07:27", "text": "they're like down like 99%."}, {"start": "00:07:27", "end": "00:07:29", "text": "Um,"}, {"start": "00:07:27", "end": "00:07:31", "text": ">> Naka stuff like that."}, {"start": "00:07:29", "end": "00:07:33", "text": ">> I didn't say anything. Um,"}, {"start": "00:07:31", "end": "00:07:34", "text": ">> and uh, yeah, I mean they're they're"}, {"start": "00:07:33", "end": "00:07:36", "text": "really they're really struggling right"}, {"start": "00:07:34", "end": "00:07:38", "text": "now. And I I I mean I hope I hope they"}, {"start": "00:07:36", "end": "00:07:40", "text": "survive, right? I mean, because this is"}, {"start": "00:07:38", "end": "00:07:43", "text": "these are difficult times in the market"}, {"start": "00:07:40", "end": "00:07:45", "text": "and my guess is that it'll stay like"}, {"start": "00:07:43", "end": "00:07:46", "text": "this for a while. I don't I don't really"}, {"start": "00:07:45", "end": "00:07:48", "text": "see I mean, Bitcoin might have counter"}, {"start": "00:07:46", "end": "00:07:50", "text": "trend rallies like we know that we we"}, {"start": "00:07:48", "end": "00:07:53", "text": "had one, you know, like five months ago."}, {"start": "00:07:50", "end": "00:07:55", "text": "We we just it seems like we maybe just"}, {"start": "00:07:53", "end": "00:07:57", "text": "finished one and we'll probably have"}, {"start": "00:07:55", "end": "00:07:59", "text": "another. Um, but a lot of those"}, {"start": "00:07:57", "end": "00:08:02", "text": "companies I think that are are mostly"}, {"start": "00:07:59", "end": "00:08:05", "text": "just dependent on the crypto markets are"}, {"start": "00:08:02", "end": "00:08:07", "text": "going to keep struggling in my opinion."}, {"start": "00:08:05", "end": "00:08:09", "text": "and the ones that that pivoted,"}, {"start": "00:08:07", "end": "00:08:11", "text": "you know, to other things, they're the"}, {"start": "00:08:09", "end": "00:08:15", "text": "ones that are actually doing much"}, {"start": "00:08:11", "end": "00:08:16", "text": "better. So, um, I don't really see the"}, {"start": "00:08:15", "end": "00:08:18", "text": "current market conditions changing right"}, {"start": "00:08:16", "end": "00:08:20", "text": "now. I mean, I think Bitcoin's going to"}, {"start": "00:08:18", "end": "00:08:24", "text": "keep bleeding against both the stock"}, {"start": "00:08:20", "end": "00:08:26", "text": "market and gold and energy and"}, {"start": "00:08:24", "end": "00:08:27", "text": "manufacturing. This is what it does in"}, {"start": "00:08:26", "end": "00:08:30", "text": "midterm years. It's not like in this"}, {"start": "00:08:27", "end": "00:08:31", "text": "case is not different this time. It's"}, {"start": "00:08:30", "end": "00:08:33", "text": "actually this is how it always plays"}, {"start": "00:08:31", "end": "00:08:34", "text": "out. The only the only thing that's"}, {"start": "00:08:33", "end": "00:08:36", "text": "different this time is there wasn't a"}, {"start": "00:08:34", "end": "00:08:38", "text": "blowoff top. So, you know, not we like"}, {"start": "00:08:36", "end": "00:08:40", "text": "we weren't really coming off that"}, {"start": "00:08:38", "end": "00:08:42", "text": "euphoric feeling. And I think a lot of"}, {"start": "00:08:40", "end": "00:08:45", "text": "times when you have a euphoria at the"}, {"start": "00:08:42", "end": "00:08:47", "text": "end of a cycle, that euphoria can take"}, {"start": "00:08:45", "end": "00:08:49", "text": "like five or six months mentally to kind"}, {"start": "00:08:47", "end": "00:08:52", "text": "of die out. But when you don't have a"}, {"start": "00:08:49", "end": "00:08:53", "text": "euphoria at the end of a cycle, it just"}, {"start": "00:08:52", "end": "00:08:57", "text": "like people just immediately turn"}, {"start": "00:08:53", "end": "00:08:59", "text": "bearish or immediately get really down"}, {"start": "00:08:57", "end": "00:09:02", "text": "because, you know, you didn't have that"}, {"start": "00:08:59", "end": "00:09:04", "text": "that blowoff top type move. So, I don't"}, {"start": "00:09:02", "end": "00:09:07", "text": "I don't see things changing. I mean, you"}, {"start": "00:09:04", "end": "00:09:10", "text": "usually what happens in midterm years is"}, {"start": "00:09:07", "end": "00:09:12", "text": "we kind of go down into June and then we"}, {"start": "00:09:10", "end": "00:09:15", "text": "kind of bounce some in the summer. Like,"}, {"start": "00:09:12", "end": "00:09:17", "text": "we'll bounce in like July or August and"}, {"start": "00:09:15", "end": "00:09:19", "text": "then we kind of get the final low in in"}, {"start": "00:09:17", "end": "00:09:20", "text": "the fourth quarter of the year. So,"}, {"start": "00:09:19", "end": "00:09:22", "text": "that's probably how it's going to play"}, {"start": "00:09:20", "end": "00:09:24", "text": "out if I had to guess. And if it plays"}, {"start": "00:09:22", "end": "00:09:26", "text": "out like that, I think this sort of"}, {"start": "00:09:24", "end": "00:09:27", "text": "boring view is is likely going to"}, {"start": "00:09:26", "end": "00:09:29", "text": "continue."}, {"start": "00:09:27", "end": "00:09:30", "text": ">> Yeah, it's not a boring view. It's just"}, {"start": "00:09:29", "end": "00:09:32", "text": "it seems like that's just pretty much"}, {"start": "00:09:30", "end": "00:09:33", "text": "how it is. It's part for the course and"}, {"start": "00:09:32", "end": "00:09:35", "text": "we're going down that road. So, this"}, {"start": "00:09:33", "end": "00:09:36", "text": "will lead me to the next and pretty much"}, {"start": "00:09:35", "end": "00:09:38", "text": "the final question. I'm going to wrap"}, {"start": "00:09:36", "end": "00:09:41", "text": "these together so we can get into a"}, {"start": "00:09:38", "end": "00:09:43", "text": "little bit more Q&A which is we were"}, {"start": "00:09:41", "end": "00:09:44", "text": "talking about,"}, {"start": "00:09:43", "end": "00:09:46", "text": "you know, Bitcoin and crypto and of"}, {"start": "00:09:44", "end": "00:09:48", "text": "course we our channels are pretty much"}, {"start": "00:09:46", "end": "00:09:50", "text": "focused on that except for of course Guy"}, {"start": "00:09:48", "end": "00:09:53", "text": "has many more. But the question I have"}, {"start": "00:09:50", "end": "00:09:56", "text": "is this. Um, I took profits on on"}, {"start": "00:09:53", "end": "00:09:57", "text": "Bitcoin and all coins. I'm glad I did. I"}, {"start": "00:09:56", "end": "00:10:00", "text": "should have done better and I didn't do"}, {"start": "00:09:57", "end": "00:10:02", "text": "as great as I as I could have. The"}, {"start": "00:10:00", "end": "00:10:05", "text": "question is, is that should we be"}, {"start": "00:10:02", "end": "00:10:07", "text": "waiting for more downside as we've gone"}, {"start": "00:10:05", "end": "00:10:09", "text": "into this? I know you guys have done"}, {"start": "00:10:07", "end": "00:10:11", "text": "videos on four-year cycles. Should we"}, {"start": "00:10:09", "end": "00:10:13", "text": "just be waiting for more downside or and"}, {"start": "00:10:11", "end": "00:10:16", "text": "then getting into crypto or getting into"}, {"start": "00:10:13", "end": "00:10:19", "text": "like energy infrastructure, AI plays and"}, {"start": "00:10:16", "end": "00:10:23", "text": "things like that? And then lastly, which"}, {"start": "00:10:19", "end": "00:10:25", "text": "is if we're going to talk about that,"}, {"start": "00:10:23", "end": "00:10:27", "text": "all of these indicators failed us or"}, {"start": "00:10:25", "end": "00:10:30", "text": "most of these indicators failed us for"}, {"start": "00:10:27", "end": "00:10:31", "text": "the last blowoff top. So, since those"}, {"start": "00:10:30", "end": "00:10:32", "text": "indicators did fail us and the only one"}, {"start": "00:10:31", "end": "00:10:34", "text": "that actually stood up the test of time,"}, {"start": "00:10:32", "end": "00:10:35", "text": "which would be the four-year cycle,"}, {"start": "00:10:34", "end": "00:10:38", "text": "should we just blindly just go with"}, {"start": "00:10:35", "end": "00:10:41", "text": "that? So, it's a loaded question and"}, {"start": "00:10:38", "end": "00:10:42", "text": "that's what we're here for. Ben, I'm"}, {"start": "00:10:41", "end": "00:10:43", "text": "going to start I'm going to lead off"}, {"start": "00:10:42", "end": "00:10:44", "text": "with you again because we were just"}, {"start": "00:10:43", "end": "00:10:46", "text": "talking, then we'll shift to guy and"}, {"start": "00:10:44", "end": "00:10:47", "text": "we'll do a little Q&A."}, {"start": "00:10:46", "end": "00:10:49", "text": ">> Yeah, I actually just made a video about"}, {"start": "00:10:47", "end": "00:10:51", "text": "that recently. Basically, the only"}, {"start": "00:10:49", "end": "00:10:52", "text": "indicator that anyone really ever needed"}, {"start": "00:10:51", "end": "00:10:54", "text": "was just buy at the end of the midterm"}, {"start": "00:10:52", "end": "00:10:57", "text": "year and sell at the end of the post"}, {"start": "00:10:54", "end": "00:10:59", "text": "having year. I mean, you know, we can"}, {"start": "00:10:57", "end": "00:11:01", "text": "over complicate it, but that's been sort"}, {"start": "00:10:59", "end": "00:11:03", "text": "of the right strategy for Bitcoin. What"}, {"start": "00:11:01", "end": "00:11:06", "text": "I what I've learned to do uh with"}, {"start": "00:11:03", "end": "00:11:09", "text": "Bitcoin, and I I learned this in 2018,"}, {"start": "00:11:06", "end": "00:11:11", "text": "um you know, made all the mistakes"}, {"start": "00:11:09", "end": "00:11:13", "text": "before that a number of times, but by"}, {"start": "00:11:11", "end": "00:11:15", "text": "2018, I finally learned in midterm"}, {"start": "00:11:13", "end": "00:11:16", "text": "years, just ignore Bitcoin for the first"}, {"start": "00:11:15", "end": "00:11:19", "text": "half of the year. Just ignore it."}, {"start": "00:11:16", "end": "00:11:23", "text": "Pretend like pretend like it just"}, {"start": "00:11:19", "end": "00:11:26", "text": "doesn't exist, and you just wait. And"}, {"start": "00:11:23", "end": "00:11:28", "text": "then once you get to the summer,"}, {"start": "00:11:26", "end": "00:11:30", "text": "especially kind of after the drop going"}, {"start": "00:11:28", "end": "00:11:32", "text": "into the summer, that's when you start"}, {"start": "00:11:30", "end": "00:11:37", "text": "to, you know, start to get interested in"}, {"start": "00:11:32", "end": "00:11:40", "text": "Bitcoin. Um, so think about"}, {"start": "00:11:37", "end": "00:11:42", "text": "the July, August, September time frame"}, {"start": "00:11:40", "end": "00:11:44", "text": "knowing that if you buy then there still"}, {"start": "00:11:42", "end": "00:11:47", "text": "could be one last drop, right? Like"}, {"start": "00:11:44", "end": "00:11:49", "text": "there was one last drop in 2022, the FTX"}, {"start": "00:11:47", "end": "00:11:52", "text": "collapse we had in Q4. There was one"}, {"start": "00:11:49", "end": "00:11:54", "text": "last drop in 2018 uh that that started"}, {"start": "00:11:52", "end": "00:11:57", "text": "in November. There was also one last"}, {"start": "00:11:54", "end": "00:12:01", "text": "drop in 2014 that actually bled into the"}, {"start": "00:11:57", "end": "00:12:04", "text": "very beginning of 2015. Um so the way I"}, {"start": "00:12:01", "end": "00:12:06", "text": "navigate Bitcoin these days, you know,"}, {"start": "00:12:04", "end": "00:12:08", "text": "the last couple of cycles and midterm"}, {"start": "00:12:06", "end": "00:12:11", "text": "years is just ignore it for the first"}, {"start": "00:12:08", "end": "00:12:13", "text": "six months and then start to look for"}, {"start": "00:12:11", "end": "00:12:14", "text": "deals. And again, that doesn't mean you"}, {"start": "00:12:13", "end": "00:12:18", "text": "won't have these rallies. We just had"}, {"start": "00:12:14", "end": "00:12:20", "text": "one. But the the problem is kind of like"}, {"start": "00:12:18", "end": "00:12:21", "text": "what you said, Rob, is there's all these"}, {"start": "00:12:20", "end": "00:12:23", "text": "other plays. There's all these other"}, {"start": "00:12:21", "end": "00:12:25", "text": "bull markets. There's all these other"}, {"start": "00:12:23", "end": "00:12:28", "text": "actual bull markets happening in other"}, {"start": "00:12:25", "end": "00:12:29", "text": "in other markets. Um where you don't"}, {"start": "00:12:28", "end": "00:12:32", "text": "have to try to time counter trend"}, {"start": "00:12:29", "end": "00:12:35", "text": "rallies, right? You know, the S&P keeps"}, {"start": "00:12:32", "end": "00:12:37", "text": "going to new all-time highs. Um"}, {"start": "00:12:35", "end": "00:12:38", "text": "international emer international funds,"}, {"start": "00:12:37", "end": "00:12:41", "text": "emerging markets keep going to new"}, {"start": "00:12:38", "end": "00:12:42", "text": "all-time highs. Manufacturing, energy,"}, {"start": "00:12:41", "end": "00:12:46", "text": "that stuff, you know, just put in new"}, {"start": "00:12:42", "end": "00:12:49", "text": "all-time highs not that long ago. And"}, {"start": "00:12:46", "end": "00:12:52", "text": "it's I I think as an investor and I"}, {"start": "00:12:49", "end": "00:12:54", "text": "think uh um Munger talked about this too"}, {"start": "00:12:52", "end": "00:12:56", "text": "is that like any good investor when"}, {"start": "00:12:54", "end": "00:12:58", "text": "they're buying anything, they always"}, {"start": "00:12:56", "end": "00:13:02", "text": "think about opportunity cost, you know,"}, {"start": "00:12:58", "end": "00:13:04", "text": "and it's it's hard it's hard to want to"}, {"start": "00:13:02", "end": "00:13:06", "text": "go buy Bitcoin in the first half of the"}, {"start": "00:13:04", "end": "00:13:10", "text": "midterm year when I just see it bleeding"}, {"start": "00:13:06", "end": "00:13:11", "text": "to like everything else, right? So then"}, {"start": "00:13:10", "end": "00:13:14", "text": "if you buy the stuff that's actually in"}, {"start": "00:13:11", "end": "00:13:16", "text": "a bull market, then when Bitcoin has"}, {"start": "00:13:14", "end": "00:13:18", "text": "those countertrend rallies, you're not"}, {"start": "00:13:16", "end": "00:13:20", "text": "as emotionally tied up in that rally"}, {"start": "00:13:18", "end": "00:13:21", "text": "because well, you've been invested in"}, {"start": "00:13:20", "end": "00:13:23", "text": "places where the bull market actually"}, {"start": "00:13:21", "end": "00:13:25", "text": "is. Um, so I think that's what gets"}, {"start": "00:13:23", "end": "00:13:26", "text": "people is if they're not buying Bitcoin,"}, {"start": "00:13:25", "end": "00:13:28", "text": "they're a lot of times not buying"}, {"start": "00:13:26", "end": "00:13:30", "text": "anything, you know, and then they're"}, {"start": "00:13:28", "end": "00:13:32", "text": "just sitting completely in cash and then"}, {"start": "00:13:30", "end": "00:13:34", "text": "when the market goes up, they get really"}, {"start": "00:13:32", "end": "00:13:36", "text": "mad and they want to blame people. where"}, {"start": "00:13:34", "end": "00:13:38", "text": "whereas if you just kind of recognize"}, {"start": "00:13:36", "end": "00:13:40", "text": "that hey"}, {"start": "00:13:38", "end": "00:13:42", "text": "other markets do really well in midterm"}, {"start": "00:13:40", "end": "00:13:43", "text": "years uh you can still make a lot of"}, {"start": "00:13:42", "end": "00:13:46", "text": "money in midterm years and you could"}, {"start": "00:13:43", "end": "00:13:47", "text": "argue that by ignoring Bitcoin in the"}, {"start": "00:13:46", "end": "00:13:49", "text": "first half of the midterm year and just"}, {"start": "00:13:47", "end": "00:13:51", "text": "buying other things you're actually"}, {"start": "00:13:49", "end": "00:13:53", "text": "increasing your future capital to then"}, {"start": "00:13:51", "end": "00:13:56", "text": "go buy Bitcoin potentially at the end of"}, {"start": "00:13:53", "end": "00:14:00", "text": "the midterm year you know um so I mean"}, {"start": "00:13:56", "end": "00:14:02", "text": "those are my views I I I think that"}, {"start": "00:14:00", "end": "00:14:03", "text": "ignoring crypto for the first half of"}, {"start": "00:14:02", "end": "00:14:05", "text": "the midterm year is usually the right"}, {"start": "00:14:03", "end": "00:14:07", "text": "move and then the second half you start"}, {"start": "00:14:05", "end": "00:14:10", "text": "to look for good deals kind of in"}, {"start": "00:14:07", "end": "00:14:12", "text": "preparation for the next market cycle."}, {"start": "00:14:10", "end": "00:14:14", "text": ">> Right. Yeah. And I I'll tell you like uh"}, {"start": "00:14:12", "end": "00:14:16", "text": "I mean I I buy Bitcoin every Monday"}, {"start": "00:14:14", "end": "00:14:17", "text": "because I'm still on the thesis that uh"}, {"start": "00:14:16", "end": "00:14:19", "text": "the government's going to debase the"}, {"start": "00:14:17", "end": "00:14:21", "text": "currency, but I will tell you, you know,"}, {"start": "00:14:19", "end": "00:14:23", "text": "there's a lot of things that I I wait"}, {"start": "00:14:21", "end": "00:14:25", "text": "for and I just look at the the data. I'm"}, {"start": "00:14:23", "end": "00:14:27", "text": "like I think there's going to be more of"}, {"start": "00:14:25", "end": "00:14:29", "text": "a dump later on. So well said. And then"}, {"start": "00:14:27", "end": "00:14:31", "text": "Guy, what do you That's a again, it's a"}, {"start": "00:14:29", "end": "00:14:34", "text": "loaded question. I apologize, but uh"}, {"start": "00:14:31", "end": "00:14:36", "text": "what do you have for this one?"}, {"start": "00:14:34", "end": "00:14:38", "text": "Well, I mean, isn't isn't Ben right? I"}, {"start": "00:14:36", "end": "00:14:40", "text": "mean, uh, yeah, if you if you've ignored"}, {"start": "00:14:38", "end": "00:14:43", "text": "crypto for the first half of this year"}, {"start": "00:14:40", "end": "00:14:46", "text": "or or this year so far, you've you've"}, {"start": "00:14:43", "end": "00:14:48", "text": "nailed it because the returns have not"}, {"start": "00:14:46", "end": "00:14:50", "text": "been the returns have not been good. So"}, {"start": "00:14:48", "end": "00:14:54", "text": "yeah, I mean I think there's always"}, {"start": "00:14:50", "end": "00:14:56", "text": "there's always uh space for some"}, {"start": "00:14:54", "end": "00:14:58", "text": "highquality crypto projects in any"}, {"start": "00:14:56", "end": "00:15:00", "text": "portfolio and you know obviously Bitcoin"}, {"start": "00:14:58", "end": "00:15:02", "text": "is the is is is is the big one but you"}, {"start": "00:15:00", "end": "00:15:04", "text": "know we're seeing some we're seeing some"}, {"start": "00:15:02", "end": "00:15:07", "text": "assets do well. You know Hyperlquid is"}, {"start": "00:15:04", "end": "00:15:09", "text": "is one and there's you know there's a"}, {"start": "00:15:07", "end": "00:15:12", "text": "project with that is genuinely making a"}, {"start": "00:15:09", "end": "00:15:14", "text": "ton of money um and that is providing"}, {"start": "00:15:12", "end": "00:15:15", "text": "people with something that they want to"}, {"start": "00:15:14", "end": "00:15:18", "text": "use."}, {"start": "00:15:15", "end": "00:15:21", "text": ">> True. So, um, it's not like, you know,"}, {"start": "00:15:18", "end": "00:15:23", "text": "all of crypto is is struggling, but it's"}, {"start": "00:15:21", "end": "00:15:26", "text": "very very it's very very localized in in"}, {"start": "00:15:23", "end": "00:15:28", "text": "just a handful of projects. So, in terms"}, {"start": "00:15:26", "end": "00:15:31", "text": "of Yeah, I mean, I think there probably"}, {"start": "00:15:28", "end": "00:15:33", "text": "is more downside to come. Um, it's"}, {"start": "00:15:31", "end": "00:15:35", "text": "certainly in the crypto market. So, you"}, {"start": "00:15:33", "end": "00:15:37", "text": "can you can wait for that or it's not"}, {"start": "00:15:35", "end": "00:15:38", "text": "like there's any shortage of other"}, {"start": "00:15:37", "end": "00:15:40", "text": "things to go into. You know, as we were"}, {"start": "00:15:38", "end": "00:15:44", "text": "discussing earlier, we're we're we're"}, {"start": "00:15:40", "end": "00:15:46", "text": "entering this sort of crazy IPO season."}, {"start": "00:15:44", "end": "00:15:49", "text": "you got the likes of SpaceX and Open AI,"}, {"start": "00:15:46", "end": "00:15:51", "text": "but there's so many other markets. I"}, {"start": "00:15:49", "end": "00:15:53", "text": "mean, energy, I think, is a particularly"}, {"start": "00:15:51", "end": "00:15:57", "text": "interesting one. Um, given that it's"}, {"start": "00:15:53", "end": "00:16:00", "text": "kind of okay, it's AI adjacent, but um"}, {"start": "00:15:57", "end": "00:16:03", "text": "and obviously the AI trade itself feels"}, {"start": "00:16:00", "end": "00:16:06", "text": "feels bubbly, feels kind of crowded and"}, {"start": "00:16:03", "end": "00:16:08", "text": "I think is, you know, is is is quite"}, {"start": "00:16:06", "end": "00:16:11", "text": "high risk, although I mean it just it"}, {"start": "00:16:08", "end": "00:16:13", "text": "just has kept going and going. But um"}, {"start": "00:16:11", "end": "00:16:15", "text": "energy in particular, I think, you know,"}, {"start": "00:16:13", "end": "00:16:16", "text": "we need energy for everything and we"}, {"start": "00:16:15", "end": "00:16:19", "text": "don't have nearly enough of it and we're"}, {"start": "00:16:16", "end": "00:16:21", "text": "only ever going to use more. So um that"}, {"start": "00:16:19", "end": "00:16:23", "text": "I think is an interesting is an"}, {"start": "00:16:21", "end": "00:16:25", "text": "interesting place to look. Um and then"}, {"start": "00:16:23", "end": "00:16:27", "text": "there's, you know, there's even things"}, {"start": "00:16:25", "end": "00:16:28", "text": "like bonds. Now, if I can, if you can"}, {"start": "00:16:27", "end": "00:16:31", "text": "just um pull up my screen, this this"}, {"start": "00:16:28", "end": "00:16:34", "text": "tweet that uh that Nick put out um"}, {"start": "00:16:31", "end": "00:16:37", "text": "recently. Uh you know, the what is it?"}, {"start": "00:16:34", "end": "00:16:41", "text": "The 30 year 30-year yield is now above"}, {"start": "00:16:37", "end": "00:16:44", "text": "5%. Um the 10-year yields around four"}, {"start": "00:16:41", "end": "00:16:46", "text": "and a half percent. Um okay uh"}, {"start": "00:16:44", "end": "00:16:48", "text": "governments are going to keep um keep"}, {"start": "00:16:46", "end": "00:16:51", "text": "borrowing and keep debasing the currency"}, {"start": "00:16:48", "end": "00:16:53", "text": "but you know four and a half 5% is is"}, {"start": "00:16:51", "end": "00:16:56", "text": "pretty good for a lot of investors and"}, {"start": "00:16:53", "end": "00:16:59", "text": "we know from experience from past you"}, {"start": "00:16:56", "end": "00:17:02", "text": "know from past years that when bonds are"}, {"start": "00:16:59", "end": "00:17:04", "text": "doing well uh that's not good for risk"}, {"start": "00:17:02", "end": "00:17:08", "text": "assets. So I mean even bonds are an"}, {"start": "00:17:04", "end": "00:17:10", "text": "opportunity now. I mean, UK UK guilts,"}, {"start": "00:17:08", "end": "00:17:12", "text": "UK government bonds, I think are"}, {"start": "00:17:10", "end": "00:17:15", "text": "currently at levels that you haven't"}, {"start": "00:17:12", "end": "00:17:17", "text": "that we haven't seen since 1998,"}, {"start": "00:17:15", "end": "00:17:19", "text": ">> which is wild to think about. So, you"}, {"start": "00:17:17", "end": "00:17:20", "text": "know, that's a whole that's a whole"}, {"start": "00:17:19", "end": "00:17:22", "text": "asset class that I don't think anyone"}, {"start": "00:17:20", "end": "00:17:25", "text": "was really all that interested in"}, {"start": "00:17:22", "end": "00:17:27", "text": "recently because the yields were"}, {"start": "00:17:25", "end": "00:17:30", "text": "um but all of a sudden now it's like,"}, {"start": "00:17:27", "end": "00:17:32", "text": "oh, okay. Um and then yeah, I think"}, {"start": "00:17:30", "end": "00:17:34", "text": "another interesting thing to look out"}, {"start": "00:17:32", "end": "00:17:37", "text": "for as well or I mean not so much from"}, {"start": "00:17:34", "end": "00:17:39", "text": "an investment point of view perhaps but"}, {"start": "00:17:37", "end": "00:17:41", "text": "um one really interesting thing that"}, {"start": "00:17:39", "end": "00:17:43", "text": "someone pointed out is that the rules"}, {"start": "00:17:41", "end": "00:17:46", "text": "have now changed around some of these uh"}, {"start": "00:17:43", "end": "00:17:49", "text": "some of these index funds. So they are"}, {"start": "00:17:46", "end": "00:17:51", "text": "going to be able to include the likes of"}, {"start": "00:17:49", "end": "00:17:54", "text": "SpaceX and Open AAI these you know these"}, {"start": "00:17:51", "end": "00:17:56", "text": "monster IPOs. So, it's going to be"}, {"start": "00:17:54", "end": "00:17:59", "text": "interesting to see how some of these"}, {"start": "00:17:56", "end": "00:18:03", "text": "fund managers"}, {"start": "00:17:59", "end": "00:18:06", "text": "manage to work these mega IPO IPOs into"}, {"start": "00:18:03", "end": "00:18:08", "text": "these big new stocks into their index"}, {"start": "00:18:06", "end": "00:18:10", "text": "portfolios because obviously um you know"}, {"start": "00:18:08", "end": "00:18:12", "text": "they're going to have to balance them by"}, {"start": "00:18:10", "end": "00:18:13", "text": "if they bring in a load of SpaceX then"}, {"start": "00:18:12", "end": "00:18:15", "text": "they're going to have to sell a lot of"}, {"start": "00:18:13", "end": "00:18:16", "text": "other stuff. So, it'll be very"}, {"start": "00:18:15", "end": "00:18:18", "text": "interesting to see what actually gets"}, {"start": "00:18:16", "end": "00:18:20", "text": "sold by some of these index funds. You"}, {"start": "00:18:18", "end": "00:18:24", "text": "know, I'm thinking like the NASDAQ 100"}, {"start": "00:18:20", "end": "00:18:26", "text": "or whatever. um uh to to make room for"}, {"start": "00:18:24", "end": "00:18:29", "text": "the likes of SpaceX. So, I guess in a"}, {"start": "00:18:26", "end": "00:18:30", "text": "nutshell, yeah, there is there is"}, {"start": "00:18:29", "end": "00:18:33", "text": "probably still more downside to come in"}, {"start": "00:18:30", "end": "00:18:34", "text": "crypto, but there's tons of other"}, {"start": "00:18:33", "end": "00:18:36", "text": "there's so many investment opportunities"}, {"start": "00:18:34", "end": "00:18:38", "text": "out there. There's so many different"}, {"start": "00:18:36", "end": "00:18:40", "text": "markets now. And of course, one of the"}, {"start": "00:18:38", "end": "00:18:42", "text": "great things about crypto is that it is"}, {"start": "00:18:40", "end": "00:18:44", "text": "helping bring some of that make make"}, {"start": "00:18:42", "end": "00:18:46", "text": "some of those markets a lot more"}, {"start": "00:18:44", "end": "00:18:49", "text": "accessible."}, {"start": "00:18:46", "end": "00:18:52", "text": ">> A lot more accessible. So, so guy, last"}, {"start": "00:18:49", "end": "00:18:53", "text": "one was uh indicators. Anything that uh"}, {"start": "00:18:52", "end": "00:18:55", "text": "that you're thinking about as far as"}, {"start": "00:18:53", "end": "00:18:58", "text": "like looking at for the markets"}, {"start": "00:18:55", "end": "00:18:59", "text": "themselves? Any indicators that you use"}, {"start": "00:18:58", "end": "00:19:03", "text": "or you think like ah they all suck"}, {"start": "00:18:59", "end": "00:19:07", "text": "anyhow and I'll just go for this one."}, {"start": "00:19:03", "end": "00:19:10", "text": "Um indicators I mean not as such I think"}, {"start": "00:19:07", "end": "00:19:14", "text": "everything's so dependent on dependent"}, {"start": "00:19:10", "end": "00:19:16", "text": "on headlines now um that I kind of just"}, {"start": "00:19:14", "end": "00:19:19", "text": "you know I kind of just try to keep an"}, {"start": "00:19:16", "end": "00:19:21", "text": "eye on that. um to see, you know,"}, {"start": "00:19:19", "end": "00:19:23", "text": "everything is everything's we're all"}, {"start": "00:19:21", "end": "00:19:25", "text": "just waiting for whatever Trump does"}, {"start": "00:19:23", "end": "00:19:28", "text": "next, for whatever mad he comes out"}, {"start": "00:19:25", "end": "00:19:29", "text": "with next. So, you know, that's that's"}, {"start": "00:19:28", "end": "00:19:32", "text": "kind of the only ind indicator I'm"}, {"start": "00:19:29", "end": "00:19:34", "text": "watching, the the Trump Truth Social."}, {"start": "00:19:32", "end": "00:19:36", "text": ">> That's exactly right. I call this TA."}, {"start": "00:19:34", "end": "00:19:38", "text": "And if you don't know TA, you need to"}, {"start": "00:19:36", "end": "00:19:40", "text": "know it. TA is important. I don't know"}, {"start": "00:19:38", "end": "00:19:41", "text": "what you guys think of it. For me, it's"}, {"start": "00:19:40", "end": "00:19:44", "text": "his Trump analysis. just follow him on"}, {"start": "00:19:41", "end": "00:19:45", "text": "true social then just follow those those"}, {"start": "00:19:44", "end": "00:19:46", "text": "tweets that he puts out and those are"}, {"start": "00:19:45", "end": "00:19:49", "text": "that's essentially your trading"}, {"start": "00:19:46", "end": "00:19:51", "text": "strategy. Congratulations. So everybody,"}, {"start": "00:19:49", "end": "00:19:53", "text": "thank you so much for stopping by. We"}, {"start": "00:19:51", "end": "00:19:55", "text": "appreciate it. Those will be the"}, {"start": "00:19:53", "end": "00:19:56", "text": "questions that I had and there pretty"}, {"start": "00:19:55", "end": "00:19:58", "text": "good insights from both of these"}, {"start": "00:19:56", "end": "00:20:00", "text": "gentlemen. Now let's get into a little"}, {"start": "00:19:58", "end": "00:20:01", "text": "Q&A. We'll go about five or 10 minutes"}, {"start": "00:20:00", "end": "00:20:05", "text": "or so and then we'll get the heck out of"}, {"start": "00:20:01", "end": "00:20:08", "text": "here. So first question I guess this"}, {"start": "00:20:05", "end": "00:20:10", "text": "well guys more towards you. Will SpaceX"}, {"start": "00:20:08", "end": "00:20:13", "text": "IPO wreck the market? And it's not just"}, {"start": "00:20:10", "end": "00:20:14", "text": "the SpaceX valuation of 1 point I think"}, {"start": "00:20:13", "end": "00:20:17", "text": "it's 1.3 but I think someone said two"}, {"start": "00:20:14", "end": "00:20:19", "text": "trillion but we also have that anthropic"}, {"start": "00:20:17", "end": "00:20:21", "text": "open AI and who knows what other"}, {"start": "00:20:19", "end": "00:20:23", "text": "different AI companies that are coming"}, {"start": "00:20:21", "end": "00:20:26", "text": "out for an IPO. What do you think about"}, {"start": "00:20:23", "end": "00:20:28", "text": "this? Is could this wreck everything as"}, {"start": "00:20:26", "end": "00:20:30", "text": "we saw it as a do era or do you think"}, {"start": "00:20:28", "end": "00:20:32", "text": "everything's just going to catch up to"}, {"start": "00:20:30", "end": "00:20:33", "text": "the speculation?"}, {"start": "00:20:32", "end": "00:20:35", "text": ">> Yeah, it's an interesting question. I"}, {"start": "00:20:33", "end": "00:20:37", "text": "think well I go back to what I was"}, {"start": "00:20:35", "end": "00:20:39", "text": "saying earlier about those index funds"}, {"start": "00:20:37", "end": "00:20:41", "text": "balancing those out. I mean that is a"}, {"start": "00:20:39", "end": "00:20:43", "text": "potential that is a potential way in"}, {"start": "00:20:41", "end": "00:20:47", "text": "which it could disrupt the market I"}, {"start": "00:20:43", "end": "00:20:49", "text": "guess. Um but there seems to be you know"}, {"start": "00:20:47", "end": "00:20:52", "text": "there seems to be a lot of appetite for"}, {"start": "00:20:49", "end": "00:20:54", "text": "these um new companies but I guess I"}, {"start": "00:20:52", "end": "00:20:56", "text": "guess they could wreck the market if"}, {"start": "00:20:54", "end": "00:21:00", "text": "they fail to live up live up to"}, {"start": "00:20:56", "end": "00:21:03", "text": "expectations. Um I mean you know space I"}, {"start": "00:21:00", "end": "00:21:06", "text": "don't really know what SpaceX's sort of"}, {"start": "00:21:03", "end": "00:21:10", "text": "revenue path is. um and when they expect"}, {"start": "00:21:06", "end": "00:21:11", "text": "to start, you know, making uh serious"}, {"start": "00:21:10", "end": "00:21:13", "text": "returns. I mean, they make a lot of"}, {"start": "00:21:11", "end": "00:21:15", "text": "money, for instance, from Starlink. Um"}, {"start": "00:21:13", "end": "00:21:17", "text": "which I guess is is something that's"}, {"start": "00:21:15", "end": "00:21:19", "text": "going to keep growing and growing. But I"}, {"start": "00:21:17", "end": "00:21:21", "text": "mean, I don't think that I don't think"}, {"start": "00:21:19", "end": "00:21:23", "text": "Starink alone is is going to generate"}, {"start": "00:21:21", "end": "00:21:26", "text": "enough to justify a $2 trillion IPO"}, {"start": "00:21:23", "end": "00:21:29", "text": "price. So, I mean, I I think probably in"}, {"start": "00:21:26", "end": "00:21:31", "text": "terms of in terms of real revenue for"}, {"start": "00:21:29", "end": "00:21:33", "text": "something like SpaceX, we're talking"}, {"start": "00:21:31", "end": "00:21:35", "text": "decades. and by which point it could be"}, {"start": "00:21:33", "end": "00:21:39", "text": "it could be making insane amounts of"}, {"start": "00:21:35", "end": "00:21:42", "text": "money. But um I guess we're in this era"}, {"start": "00:21:39", "end": "00:21:44", "text": "of of you know so many new companies, so"}, {"start": "00:21:42", "end": "00:21:46", "text": "many exciting new things coming to"}, {"start": "00:21:44", "end": "00:21:47", "text": "market that I guess maybe the risk is"}, {"start": "00:21:46", "end": "00:21:49", "text": "that people aren't patient enough"}, {"start": "00:21:47", "end": "00:21:53", "text": "because I think when you're when you're"}, {"start": "00:21:49", "end": "00:21:54", "text": "literally exploring a new frontier, um"}, {"start": "00:21:53", "end": "00:21:56", "text": "that's not something that's just going"}, {"start": "00:21:54", "end": "00:21:58", "text": "to open up overnight. You know, this is"}, {"start": "00:21:56", "end": "00:22:01", "text": "something that's probably going to take"}, {"start": "00:21:58", "end": "00:22:05", "text": "I imagine SpaceX will burn through money"}, {"start": "00:22:01", "end": "00:22:08", "text": "for for years um until eventually it h"}, {"start": "00:22:05", "end": "00:22:10", "text": "it comes to rule over uh all of us."}, {"start": "00:22:08", "end": "00:22:11", "text": ">> I got to say that's true. And then just"}, {"start": "00:22:10", "end": "00:22:13", "text": "to go back to your point on Starlink, I"}, {"start": "00:22:11", "end": "00:22:15", "text": "have Starlink. It works fantastic. They"}, {"start": "00:22:13", "end": "00:22:16", "text": "raised my price by 20 bucks. So maybe"}, {"start": "00:22:15", "end": "00:22:19", "text": "that's where they're getting all their"}, {"start": "00:22:16", "end": "00:22:20", "text": "funding from. Anyhow,"}, {"start": "00:22:19", "end": "00:22:21", "text": ">> that's a good answer."}, {"start": "00:22:20", "end": "00:22:22", "text": ">> What's up?"}, {"start": "00:22:21", "end": "00:22:25", "text": ">> They also have a lot of they also have a"}, {"start": "00:22:22", "end": "00:22:26", "text": "lot of uh AI compute investments and"}, {"start": "00:22:25", "end": "00:22:27", "text": "stuff. So"}, {"start": "00:22:26", "end": "00:22:29", "text": ">> yes,"}, {"start": "00:22:27", "end": "00:22:32", "text": ">> and and you know they can make money"}, {"start": "00:22:29", "end": "00:22:34", "text": "like launching satellites. Um that's"}, {"start": "00:22:32", "end": "00:22:34", "text": "gonna probably be a big revenue stream"}, {"start": "00:22:34", "end": "00:22:35", "text": "as well."}, {"start": "00:22:34", "end": "00:22:37", "text": ">> I think so."}, {"start": "00:22:35", "end": "00:22:38", "text": ">> I mean they have I think I mean I yeah"}, {"start": "00:22:37", "end": "00:22:41", "text": "it's probably going to take some money"}, {"start": "00:22:38", "end": "00:22:43", "text": "out of the market but long term that"}, {"start": "00:22:41", "end": "00:22:46", "text": "SpaceX is probably a bullish thing. you"}, {"start": "00:22:43", "end": "00:22:48", "text": "know, like in the short term, right,"}, {"start": "00:22:46", "end": "00:22:50", "text": "absolutely. It probably will take"}, {"start": "00:22:48", "end": "00:22:52", "text": "kind of suck liquidity out of the market"}, {"start": "00:22:50", "end": "00:22:55", "text": "for a little bit and probably have a"}, {"start": "00:22:52", "end": "00:22:57", "text": "correction in the S&P, but long term,"}, {"start": "00:22:55", "end": "00:22:57", "text": "I've learned never to bet against Elon"}, {"start": "00:22:57", "end": "00:22:59", "text": "Musk."}, {"start": "00:22:57", "end": "00:23:01", "text": ">> That's the truth. You know, it's it's"}, {"start": "00:22:59", "end": "00:23:02", "text": "kind of like going back to like the dot"}, {"start": "00:23:01", "end": "00:23:04", "text": "era. I mean, we saw so many different"}, {"start": "00:23:02", "end": "00:23:06", "text": "companies crash, but the ones that made"}, {"start": "00:23:04", "end": "00:23:08", "text": "it are the ones that are being they're"}, {"start": "00:23:06", "end": "00:23:10", "text": "the huge they're the behemoths. They're"}, {"start": "00:23:08", "end": "00:23:11", "text": "the Amazons and the meta of the world."}, {"start": "00:23:10", "end": "00:23:13", "text": "Just got to find the right one. And like"}, {"start": "00:23:11", "end": "00:23:15", "text": "Ben said, there's some short-term pain"}, {"start": "00:23:13", "end": "00:23:17", "text": "for some long-term gain. This would be"}, {"start": "00:23:15", "end": "00:23:18", "text": "like a great segue to this question."}, {"start": "00:23:17", "end": "00:23:23", "text": "It's a good question. I'm direct this to"}, {"start": "00:23:18", "end": "00:23:25", "text": "Ben. Would you sell some more crypto now"}, {"start": "00:23:23", "end": "00:23:26", "text": "to reallocate another asset classes"}, {"start": "00:23:25", "end": "00:23:28", "text": "that'll probably do better until Q4? I"}, {"start": "00:23:26", "end": "00:23:30", "text": "think all of us here have taken the"}, {"start": "00:23:28", "end": "00:23:32", "text": "profits that we're going to take. I"}, {"start": "00:23:30", "end": "00:23:35", "text": "don't know if we want to talk about"}, {"start": "00:23:32", "end": "00:23:36", "text": "selling even more into weakness, but are"}, {"start": "00:23:35", "end": "00:23:38", "text": "you getting into other different types"}, {"start": "00:23:36", "end": "00:23:40", "text": "of investments at this point? I know"}, {"start": "00:23:38", "end": "00:23:42", "text": "Ben, you are kind of going to like the"}, {"start": "00:23:40", "end": "00:23:44", "text": "more world view."}, {"start": "00:23:42", "end": "00:23:46", "text": ">> I mean, I think the time to sell was Q4"}, {"start": "00:23:44", "end": "00:23:48", "text": "of last year. I you know, you don't want"}, {"start": "00:23:46", "end": "00:23:50", "text": "you don't really want to get in the"}, {"start": "00:23:48", "end": "00:23:52", "text": "business of like panic selling during"}, {"start": "00:23:50", "end": "00:23:54", "text": "crash like during drops and stuff"}, {"start": "00:23:52", "end": "00:23:56", "text": "because, you know, there's also for a"}, {"start": "00:23:54", "end": "00:23:59", "text": "lot of people there's tax implications"}, {"start": "00:23:56", "end": "00:24:01", "text": "associated with that. Um, you know,"}, {"start": "00:23:59", "end": "00:24:04", "text": "let's say you were to sell Bitcoin right"}, {"start": "00:24:01", "end": "00:24:06", "text": "now and then go buy energy. Uh, who's to"}, {"start": "00:24:04", "end": "00:24:10", "text": "know if that will work out in 2022?"}, {"start": "00:24:06", "end": "00:24:13", "text": "energy topped in June, you know. So, I I"}, {"start": "00:24:10", "end": "00:24:14", "text": "don't I I think when you're when you're"}, {"start": "00:24:13", "end": "00:24:17", "text": "this far into the midterm year, it's"}, {"start": "00:24:14", "end": "00:24:19", "text": "more so just write it off as tuition as"}, {"start": "00:24:17", "end": "00:24:21", "text": "to if you've sort of experienced pain in"}, {"start": "00:24:19", "end": "00:24:23", "text": "your portfolio. I don't generally"}, {"start": "00:24:21", "end": "00:24:24", "text": "recommend, you know, and the thing is is"}, {"start": "00:24:23", "end": "00:24:27", "text": "like we never get these questions when"}, {"start": "00:24:24", "end": "00:24:27", "text": "the market's going up. Um,"}, {"start": "00:24:27", "end": "00:24:29", "text": ">> of course,"}, {"start": "00:24:27", "end": "00:24:31", "text": ">> we typically just get it when the"}, {"start": "00:24:29", "end": "00:24:33", "text": "market's going down. And so, like I I"}, {"start": "00:24:31", "end": "00:24:34", "text": "you know, I I'll stand by what I said. I"}, {"start": "00:24:33", "end": "00:24:37", "text": "think the time if you're going to sell"}, {"start": "00:24:34", "end": "00:24:41", "text": "crypto I I think the time to do it was"}, {"start": "00:24:37", "end": "00:24:43", "text": "last year and you know as we get into"}, {"start": "00:24:41", "end": "00:24:46", "text": "like the July time frame like I'll start"}, {"start": "00:24:43", "end": "00:24:48", "text": "looking to to probably maybe even start"}, {"start": "00:24:46", "end": "00:24:50", "text": "buying as early you know sometime later"}, {"start": "00:24:48", "end": "00:24:53", "text": "this summer. Um I don't I don't think"}, {"start": "00:24:50", "end": "00:24:55", "text": "you have to like wait to be convinced"}, {"start": "00:24:53", "end": "00:24:57", "text": "the bottom is in to start buying. Like I"}, {"start": "00:24:55", "end": "00:24:59", "text": "don't you if you think about it in 2022"}, {"start": "00:24:57", "end": "00:25:01", "text": "if you started buying in July and August"}, {"start": "00:24:59", "end": "00:25:04", "text": "when Bitcoin was at 20K it only"}, {"start": "00:25:01", "end": "00:25:06", "text": "marginally went lower later in the year"}, {"start": "00:25:04", "end": "00:25:09", "text": "and anyone who bought at like 20K in"}, {"start": "00:25:06", "end": "00:25:12", "text": "July of 2022 ended up making a lot of"}, {"start": "00:25:09", "end": "00:25:14", "text": "money. So I I think just kind of get"}, {"start": "00:25:12", "end": "00:25:17", "text": "through the I mean we're only we only"}, {"start": "00:25:14", "end": "00:25:18", "text": "got one more month in the um in the"}, {"start": "00:25:17", "end": "00:25:21", "text": "first half of 2026 and that's normally"}, {"start": "00:25:18", "end": "00:25:23", "text": "the time to just ignore crypto."}, {"start": "00:25:21", "end": "00:25:25", "text": "probably start looking to maybe get"}, {"start": "00:25:23", "end": "00:25:27", "text": "positions in the back half of 2026."}, {"start": "00:25:25", "end": "00:25:30", "text": ">> Yeah, exactly. I can see that. Guy, same"}, {"start": "00:25:27", "end": "00:25:34", "text": "thing. What do you think?"}, {"start": "00:25:30", "end": "00:25:36", "text": ">> Yeah. Yeah, I I I agree. I mean, I I'm I"}, {"start": "00:25:34", "end": "00:25:39", "text": "would perhaps sell a little bit more"}, {"start": "00:25:36", "end": "00:25:43", "text": "crypto um things that are performing"}, {"start": "00:25:39", "end": "00:25:45", "text": "well. I've sold some hype recently. Um,"}, {"start": "00:25:43", "end": "00:25:46", "text": "but if we get another if we get another"}, {"start": "00:25:45", "end": "00:25:51", "text": "pump on that, then I would take some"}, {"start": "00:25:46", "end": "00:25:53", "text": "more profits on that. Um, so, uh, yeah,"}, {"start": "00:25:51", "end": "00:25:56", "text": "but I I think Ben's I think Ben's right."}, {"start": "00:25:53", "end": "00:25:57", "text": "You know, the time to sell was a while"}, {"start": "00:25:56", "end": "00:25:59", "text": "back. If you have conviction in the"}, {"start": "00:25:57", "end": "00:26:02", "text": "projects that you're holding at the"}, {"start": "00:25:59", "end": "00:26:03", "text": "moment, then, you know, I I think I"}, {"start": "00:26:02", "end": "00:26:04", "text": "think holding is probably the thing to"}, {"start": "00:26:03", "end": "00:26:07", "text": "do."}, {"start": "00:26:04", "end": "00:26:09", "text": ">> Very well. I can see that. Uh, I'm"}, {"start": "00:26:07", "end": "00:26:11", "text": "sorry. I I keep laughing at um at these"}, {"start": "00:26:09", "end": "00:26:14", "text": "comments. I got to tell you, we have"}, {"start": "00:26:11", "end": "00:26:16", "text": "some of the best most uh enlightened uh"}, {"start": "00:26:14", "end": "00:26:18", "text": "people that that that come in as far as"}, {"start": "00:26:16", "end": "00:26:20", "text": "like our subscribers. And this is from"}, {"start": "00:26:18", "end": "00:26:22", "text": "Metafactor. Welcome to the three"}, {"start": "00:26:20", "end": "00:26:24", "text": "negativo show."}, {"start": "00:26:22", "end": "00:26:25", "text": ">> Uh very nice."}, {"start": "00:26:24", "end": "00:26:28", "text": ">> You know, you know, a really good"}, {"start": "00:26:25", "end": "00:26:29", "text": "indicator of when to sell Bitcoin. It's"}, {"start": "00:26:28", "end": "00:26:31", "text": "when everyone's dunking on me on"}, {"start": "00:26:29", "end": "00:26:33", "text": "Twitter."}, {"start": "00:26:31", "end": "00:26:33", "text": ">> It's like that's like all the time, Ben."}, {"start": "00:26:33", "end": "00:26:36", "text": "What are you talking about? You're like"}, {"start": "00:26:33", "end": "00:26:38", "text": "the most hated man on Twitter."}, {"start": "00:26:36", "end": "00:26:40", "text": ">> I don't know why."}, {"start": "00:26:38", "end": "00:26:41", "text": "If we if we sold every time you got"}, {"start": "00:26:40", "end": "00:26:43", "text": "dunked on on Twitter, Ben, none of us"}, {"start": "00:26:41", "end": "00:26:44", "text": "would have any anything left. I'd have"}, {"start": "00:26:43", "end": "00:26:45", "text": "sold everything."}, {"start": "00:26:44", "end": "00:26:47", "text": ">> Yeah, exactly. I would have I would have"}, {"start": "00:26:45", "end": "00:26:50", "text": "bought one"}, {"start": "00:26:47", "end": "00:26:52", "text": ">> like what? I don't know."}, {"start": "00:26:50", "end": "00:26:54", "text": ">> No, I don't know."}, {"start": "00:26:52", "end": "00:26:58", "text": ">> It's It's interesting, isn't it? It that"}, {"start": "00:26:54", "end": "00:27:00", "text": "that people uh that people don't like um"}, {"start": "00:26:58", "end": "00:27:02", "text": "bearishness, you know. I mean, I can I"}, {"start": "00:27:00", "end": "00:27:05", "text": "can understand it. I can understand why"}, {"start": "00:27:02", "end": "00:27:07", "text": "people um uh you know they want to hear"}, {"start": "00:27:05", "end": "00:27:10", "text": "good news and things like that, but it"}, {"start": "00:27:07", "end": "00:27:12", "text": "it does kind of it's always it's always"}, {"start": "00:27:10", "end": "00:27:14", "text": "something that strikes me as strange."}, {"start": "00:27:12", "end": "00:27:15", "text": "It's just like no no don't don't tell us"}, {"start": "00:27:14", "end": "00:27:17", "text": "what you think. Tell us what you think"}, {"start": "00:27:15", "end": "00:27:21", "text": "we want to hear. It's like right"}, {"start": "00:27:17", "end": "00:27:22", "text": ">> I'm not sure that'll do anyone any good."}, {"start": "00:27:21", "end": "00:27:23", "text": ">> Yeah, I think so."}, {"start": "00:27:22", "end": "00:27:24", "text": ">> Yeah."}, {"start": "00:27:23", "end": "00:27:26", "text": ">> Nobody Everybody wants to hear their"}, {"start": "00:27:24", "end": "00:27:27", "text": "opinion coming out of your mouth. That's"}, {"start": "00:27:26", "end": "00:27:28", "text": "pretty much how it goes,"}, {"start": "00:27:27", "end": "00:27:30", "text": ">> right?"}, {"start": "00:27:28", "end": "00:27:34", "text": ">> And then uh last question. Where did I"}, {"start": "00:27:30", "end": "00:27:34", "text": "put it?"}, {"start": "00:27:35", "end": "00:27:39", "text": "The Cohen indicator. Have you used the"}, {"start": "00:27:37", "end": "00:27:41", "text": "CR?"}, {"start": "00:27:39", "end": "00:27:44", "text": "There was um"}, {"start": "00:27:41", "end": "00:27:46", "text": "ah here he is last question which is"}, {"start": "00:27:44", "end": "00:27:48", "text": "pretty good. This is for guy and Ben."}, {"start": "00:27:46", "end": "00:27:50", "text": "Can you provide a view if we go into"}, {"start": "00:27:48", "end": "00:27:52", "text": "recession how crypto will behave? I I"}, {"start": "00:27:50", "end": "00:27:54", "text": "think I would just"}, {"start": "00:27:52", "end": "00:27:55", "text": "think it's going to be not too positive"}, {"start": "00:27:54", "end": "00:27:58", "text": "but recession time and things going"}, {"start": "00:27:55", "end": "00:28:00", "text": "down. What's your guys' thoughts about"}, {"start": "00:27:58", "end": "00:28:02", "text": "uh what we should be for altcoins and"}, {"start": "00:28:00", "end": "00:28:03", "text": "Bitcoin? How would that hold up? As a"}, {"start": "00:28:02", "end": "00:28:06", "text": "reminder,"}, {"start": "00:28:03", "end": "00:28:08", "text": ">> I think I think Bitcoin would probably"}, {"start": "00:28:06", "end": "00:28:09", "text": "bottom. I I would say there's a good"}, {"start": "00:28:08", "end": "00:28:12", "text": "chance Bitcoin would bottom before the"}, {"start": "00:28:09", "end": "00:28:14", "text": "recession is announced. Um like on"}, {"start": "00:28:12", "end": "00:28:16", "text": "average, the stock market bottoms like"}, {"start": "00:28:14", "end": "00:28:18", "text": "15 day if you look at like the last six"}, {"start": "00:28:16", "end": "00:28:21", "text": "or seven recessions, uh the stock market"}, {"start": "00:28:18", "end": "00:28:24", "text": "has bottomed like 15 days before the"}, {"start": "00:28:21", "end": "00:28:26", "text": "recession is declared. And I think that"}, {"start": "00:28:24", "end": "00:28:28", "text": "Bitcoin would probably bottom earlier"}, {"start": "00:28:26", "end": "00:28:29", "text": "than that because it's further, you"}, {"start": "00:28:28", "end": "00:28:31", "text": "know, it's further up the risk curve. It"}, {"start": "00:28:29", "end": "00:28:34", "text": "tends to price things in a lot quicker."}, {"start": "00:28:31", "end": "00:28:37", "text": "Uh so you also have to think too like if"}, {"start": "00:28:34", "end": "00:28:39", "text": "if we think about like why crypto is"}, {"start": "00:28:37", "end": "00:28:41", "text": "underperforming so much right now. I"}, {"start": "00:28:39", "end": "00:28:43", "text": "think the argument is that like crypto"}, {"start": "00:28:41", "end": "00:28:45", "text": "is more dependent on looser monetary"}, {"start": "00:28:43", "end": "00:28:47", "text": "policy than the stock market is. And the"}, {"start": "00:28:45", "end": "00:28:49", "text": "reason why crypto keeps going down is"}, {"start": "00:28:47", "end": "00:28:51", "text": "well because of the four-ear cycle. But"}, {"start": "00:28:49", "end": "00:28:53", "text": "if you need a narrative to support it,"}, {"start": "00:28:51", "end": "00:28:55", "text": "it's because, you know, energy prices"}, {"start": "00:28:53", "end": "00:28:57", "text": "have gone up, inflation's heading"}, {"start": "00:28:55", "end": "00:28:59", "text": "higher, and now all this all these rate"}, {"start": "00:28:57", "end": "00:29:00", "text": "cuts have have gotten priced out of the"}, {"start": "00:28:59", "end": "00:29:03", "text": "curve. Like, they've completely been"}, {"start": "00:29:00", "end": "00:29:05", "text": "priced out. Um, and now the market's"}, {"start": "00:29:03", "end": "00:29:08", "text": "starting to price in rate hikes. So, you"}, {"start": "00:29:05", "end": "00:29:10", "text": "could argue that if there was fear"}, {"start": "00:29:08", "end": "00:29:13", "text": "around recessions, right, if the labor"}, {"start": "00:29:10", "end": "00:29:14", "text": "market was really starting to weaken and"}, {"start": "00:29:13", "end": "00:29:17", "text": "if the unemployment rate was starting to"}, {"start": "00:29:14", "end": "00:29:19", "text": "move higher, that would actually lead to"}, {"start": "00:29:17", "end": "00:29:22", "text": "probably looser monetary policy, which"}, {"start": "00:29:19", "end": "00:29:25", "text": "would actually pretty um you know,"}, {"start": "00:29:22", "end": "00:29:26", "text": "pretty positively affect Bitcoin. But"}, {"start": "00:29:25", "end": "00:29:28", "text": "again, we're not we're not at that point"}, {"start": "00:29:26", "end": "00:29:30", "text": "in the cycle right now. like we're just"}, {"start": "00:29:28", "end": "00:29:32", "text": "in the psy part of the cycle where where"}, {"start": "00:29:30", "end": "00:29:34", "text": "the riskier stuff keeps bleeding out to"}, {"start": "00:29:32", "end": "00:29:35", "text": "the lower risk stuff because there's not"}, {"start": "00:29:34", "end": "00:29:37", "text": "a recession, right? It's because it's"}, {"start": "00:29:35", "end": "00:29:40", "text": "because there's not a recession that the"}, {"start": "00:29:37", "end": "00:29:41", "text": "market's pricing in rate hikes. Um if if"}, {"start": "00:29:40", "end": "00:29:42", "text": "the market was worried about a"}, {"start": "00:29:41", "end": "00:29:45", "text": "recession, we certainly wouldn't be"}, {"start": "00:29:42", "end": "00:29:48", "text": "pricing in rate hikes right now. So"}, {"start": "00:29:45", "end": "00:29:50", "text": "rate hikes, we'll see if uh Kevin Worsh"}, {"start": "00:29:48", "end": "00:29:52", "text": "does it. Guy, anything to add for that"}, {"start": "00:29:50", "end": "00:29:54", "text": "one before we get out of here?"}, {"start": "00:29:52", "end": "00:29:56", "text": ">> Not much. I I think it's Yeah, Ben"}, {"start": "00:29:54", "end": "00:29:58", "text": "mentioned that that that crypto is"}, {"start": "00:29:56", "end": "00:30:00", "text": "something that, you know, it tends to it"}, {"start": "00:29:58", "end": "00:30:02", "text": "tends to react quicker to to to news"}, {"start": "00:30:00", "end": "00:30:04", "text": "than than other asset classes and I"}, {"start": "00:30:02", "end": "00:30:06", "text": "think I think yeah, you know, I think"}, {"start": "00:30:04", "end": "00:30:09", "text": "for a lot of people for most people"}, {"start": "00:30:06", "end": "00:30:13", "text": "probably it is the more disposable asset"}, {"start": "00:30:09", "end": "00:30:14", "text": "class. So, um, yeah, I mean, if we if if"}, {"start": "00:30:13", "end": "00:30:15", "text": "a recession was to be announced, I mean,"}, {"start": "00:30:14", "end": "00:30:17", "text": "I guess one of the things about"}, {"start": "00:30:15", "end": "00:30:19", "text": "recessions is that they're usually by"}, {"start": "00:30:17", "end": "00:30:21", "text": "the time um they've got round to being"}, {"start": "00:30:19", "end": "00:30:25", "text": "announced, you know, they're usually"}, {"start": "00:30:21", "end": "00:30:28", "text": "nearly over. Um, but I guess, you know,"}, {"start": "00:30:25", "end": "00:30:30", "text": "it may it depends how people react to it"}, {"start": "00:30:28", "end": "00:30:32", "text": "and how people feel. you know, if people"}, {"start": "00:30:30", "end": "00:30:34", "text": "are feeling pinched, if if it's a really"}, {"start": "00:30:32", "end": "00:30:37", "text": "tough recession and people are losing"}, {"start": "00:30:34", "end": "00:30:39", "text": "their jobs um and need to find liquidity"}, {"start": "00:30:37", "end": "00:30:40", "text": "from somewhere or even just think that"}, {"start": "00:30:39", "end": "00:30:42", "text": "they need to find liquidity from"}, {"start": "00:30:40", "end": "00:30:45", "text": "somewhere, then then crypto will be"}, {"start": "00:30:42", "end": "00:30:47", "text": "first on the first on the block."}, {"start": "00:30:45", "end": "00:30:50", "text": ">> Well said. Well said. All right,"}, {"start": "00:30:47", "end": "00:30:50", "text": "everybody."}, {"start": "00:30:53", "end": "00:30:58", "text": ">> I just probably got to do the D, right?"}, {"start": "00:30:57", "end": "00:30:59", "text": ">> Keep doing it. I don't know why people"}, {"start": "00:30:58", "end": "00:31:02", "text": "dunk on you, Benny. You're a very"}, {"start": "00:30:59", "end": "00:31:03", "text": "entertaining guy. This is so so unfair."}, {"start": "00:31:02", "end": "00:31:05", "text": "All right, everybody. So, that's it for"}, {"start": "00:31:03", "end": "00:31:06", "text": "for today for the NFL live show. Want to"}, {"start": "00:31:05", "end": "00:31:08", "text": "keep things a little bit quick so you"}, {"start": "00:31:06", "end": "00:31:10", "text": "can get in on your life. But again,"}, {"start": "00:31:08", "end": "00:31:11", "text": "follow Guy and Ben. Plethora of"}, {"start": "00:31:10", "end": "00:31:13", "text": "different information you can find in"}, {"start": "00:31:11", "end": "00:31:16", "text": "the description. That's it for this one."}, {"start": "00:31:13", "end": "00:31:17", "text": "So, we will see you guys next week as"}, {"start": "00:31:16", "end": "00:31:20", "text": "we've got uh this will be on Guy's"}, {"start": "00:31:17", "end": "00:31:24", "text": "channel. So, thanks everybody. See you"}, {"start": "00:31:20", "end": "00:31:24", "text": "on the next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:06", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:06", "end": "00:00:12", "text": "and we're going to be discussing how it"}, {"start": "00:00:09", "end": "00:00:14", "text": "is now fallen back below the bare market"}, {"start": "00:00:12", "end": "00:00:16", "text": "resistance band. If you guys like the"}, {"start": "00:00:14", "end": "00:00:18", "text": "content, make sure you subscribe to the"}, {"start": "00:00:16", "end": "00:00:20", "text": "channel, give the video a thumbs up, and"}, {"start": "00:00:18", "end": "00:00:22", "text": "also check out the sale on Into the"}, {"start": "00:00:20", "end": "00:00:25", "text": "Cryptoverse Premium at into the"}, {"start": "00:00:22", "end": "00:00:28", "text": "cryptoverse.com."}, {"start": "00:00:25", "end": "00:00:31", "text": "Let's go ahead and jump in. So, as we've"}, {"start": "00:00:28", "end": "00:00:34", "text": "talked about before, midterm years are"}, {"start": "00:00:31", "end": "00:00:37", "text": "very difficult to navigate for Bitcoin."}, {"start": "00:00:34", "end": "00:00:41", "text": "And one of the reasons is because while"}, {"start": "00:00:37", "end": "00:00:45", "text": "they historically are bearish, they are"}, {"start": "00:00:41", "end": "00:00:48", "text": "riddled with these bare market rallies"}, {"start": "00:00:45", "end": "00:00:50", "text": "that really cause emotions to get really"}, {"start": "00:00:48", "end": "00:00:53", "text": "high and and and"}, {"start": "00:00:50", "end": "00:00:57", "text": "you know, sort of FOMO back in, right?"}, {"start": "00:00:53", "end": "00:01:00", "text": "But so far"}, {"start": "00:00:57", "end": "00:01:04", "text": "the market is playing out just as it"}, {"start": "00:01:00", "end": "00:01:06", "text": "always has. And if it changes, I will be"}, {"start": "00:01:04", "end": "00:01:08", "text": "very quick to admit that I'm wrong,"}, {"start": "00:01:06", "end": "00:01:10", "text": "right? If if we start to see something"}, {"start": "00:01:08", "end": "00:01:13", "text": "that is different. But we haven't"}, {"start": "00:01:10", "end": "00:01:16", "text": "actually seen that yet, you know, and"}, {"start": "00:01:13", "end": "00:01:19", "text": "and so until we do, I think it makes"}, {"start": "00:01:16", "end": "00:01:21", "text": "sense to just be simply open-minded to"}, {"start": "00:01:19", "end": "00:01:24", "text": "the idea that this is just simply going"}, {"start": "00:01:21", "end": "00:01:28", "text": "to play out like it has. in other"}, {"start": "00:01:24", "end": "00:01:31", "text": "midterm years. And right now, Bitcoin"}, {"start": "00:01:28", "end": "00:01:33", "text": "has fallen back below its bare market"}, {"start": "00:01:31", "end": "00:01:36", "text": "resistance band, at least on the daily."}, {"start": "00:01:33", "end": "00:01:38", "text": "Now, on the weekly, that remains to be"}, {"start": "00:01:36", "end": "00:01:40", "text": "seen, right? I mean, the the the 20week"}, {"start": "00:01:38", "end": "00:01:43", "text": "moving average"}, {"start": "00:01:40", "end": "00:01:46", "text": "um is what what's it? It's like 74K. So,"}, {"start": "00:01:43", "end": "00:01:48", "text": "we're about $1,000 below that. So, we'll"}, {"start": "00:01:46", "end": "00:01:51", "text": "see where it comes in at the end of the"}, {"start": "00:01:48", "end": "00:01:54", "text": "week. But a lot of times when you get"}, {"start": "00:01:51", "end": "00:01:56", "text": "above the bull market support band um"}, {"start": "00:01:54", "end": "00:01:59", "text": "you know at the end of a bare market,"}, {"start": "00:01:56", "end": "00:02:01", "text": "you really want to see more followth"}, {"start": "00:01:59", "end": "00:02:03", "text": "through before you then start retesting"}, {"start": "00:02:01", "end": "00:02:06", "text": "it. If you look to see how it played out"}, {"start": "00:02:03", "end": "00:02:08", "text": "in 2023, there was significantly more"}, {"start": "00:02:06", "end": "00:02:10", "text": "follow-through on this move before you"}, {"start": "00:02:08", "end": "00:02:13", "text": "retested it and then it went higher."}, {"start": "00:02:10", "end": "00:02:16", "text": "This one barely had any follow-through."}, {"start": "00:02:13", "end": "00:02:18", "text": "And that's one of the things that I I I"}, {"start": "00:02:16", "end": "00:02:21", "text": "think you have to really consider here"}, {"start": "00:02:18", "end": "00:02:23", "text": "is that if you don't get these big moves"}, {"start": "00:02:21", "end": "00:02:26", "text": "through the bull market support band,"}, {"start": "00:02:23", "end": "00:02:29", "text": "then what they end up looking like is"}, {"start": "00:02:26", "end": "00:02:32", "text": "more like the fake outs that you get in"}, {"start": "00:02:29", "end": "00:02:35", "text": "the midterm years where you go"}, {"start": "00:02:32", "end": "00:02:38", "text": "marginally above the bare market"}, {"start": "00:02:35", "end": "00:02:40", "text": "resistance band and and the bulls come"}, {"start": "00:02:38", "end": "00:02:42", "text": "out and dunk on the bears and then you"}, {"start": "00:02:40", "end": "00:02:44", "text": "look back a few weeks later and you're"}, {"start": "00:02:42", "end": "00:02:45", "text": "like, \"Oh,"}, {"start": "00:02:44", "end": "00:02:47", "text": "It was the same thing as it all. It just"}, {"start": "00:02:45", "end": "00:02:49", "text": "did the same thing that it always does"}, {"start": "00:02:47", "end": "00:02:52", "text": "in the midterm years where it goes above"}, {"start": "00:02:49", "end": "00:02:56", "text": "the bare market resistance band briefly,"}, {"start": "00:02:52", "end": "00:02:59", "text": "but it doesn't actually sustain it. And"}, {"start": "00:02:56", "end": "00:03:02", "text": "timing the exact counter trend rallies"}, {"start": "00:02:59", "end": "00:03:04", "text": "is is difficult. I am not going to"}, {"start": "00:03:02", "end": "00:03:09", "text": "pretend like I have the ability to do"}, {"start": "00:03:04", "end": "00:03:14", "text": "it. Sometimes I time them well um and"}, {"start": "00:03:09", "end": "00:03:17", "text": "then other times not so much. In 2022, I"}, {"start": "00:03:14", "end": "00:03:19", "text": "think I timed maybe two of the rallies."}, {"start": "00:03:17", "end": "00:03:21", "text": "Okay. I think one I timed well, one was"}, {"start": "00:03:19", "end": "00:03:24", "text": "kind of okay, and then one was really"}, {"start": "00:03:21", "end": "00:03:26", "text": "bad. And then all I can remember now is"}, {"start": "00:03:24", "end": "00:03:28", "text": "the one that I the one I kind of think"}, {"start": "00:03:26", "end": "00:03:31", "text": "about a lot is the one that I didn't get"}, {"start": "00:03:28", "end": "00:03:34", "text": "right. Right. Like I I think I timed"}, {"start": "00:03:31", "end": "00:03:39", "text": "that one in 2022, right? But this one in"}, {"start": "00:03:34", "end": "00:03:42", "text": "late 2022, I I sort of mistimed it. Um,"}, {"start": "00:03:39", "end": "00:03:44", "text": "so it's really hard to know exactly when"}, {"start": "00:03:42", "end": "00:03:48", "text": "they occur and to what price they're"}, {"start": "00:03:44", "end": "00:03:50", "text": "going to rally to, but what's more"}, {"start": "00:03:48", "end": "00:03:53", "text": "important is not knowing exactly what"}, {"start": "00:03:50", "end": "00:03:56", "text": "price it goes to, but more so knowing"}, {"start": "00:03:53", "end": "00:04:00", "text": "what regime are we in, right? And a lot"}, {"start": "00:03:56", "end": "00:04:02", "text": "of people have have sort of put out this"}, {"start": "00:04:00", "end": "00:04:04", "text": "puzzling idea of like, well, why does"}, {"start": "00:04:02", "end": "00:04:07", "text": "Bitcoin keep going down when the stock"}, {"start": "00:04:04", "end": "00:04:10", "text": "market keeps going up? And what I think"}, {"start": "00:04:07", "end": "00:04:12", "text": "is the reason is because it frankly"}, {"start": "00:04:10", "end": "00:04:14", "text": "comes down to the four-year cycle and"}, {"start": "00:04:12", "end": "00:04:17", "text": "that narratives follow price. If you"}, {"start": "00:04:14", "end": "00:04:19", "text": "need a narrative, I think a great"}, {"start": "00:04:17", "end": "00:04:22", "text": "narrative is just simply that Bitcoin is"}, {"start": "00:04:19", "end": "00:04:24", "text": "further up the risk curve than stocks."}, {"start": "00:04:22", "end": "00:04:26", "text": "Whether you like it or not, whether I"}, {"start": "00:04:24", "end": "00:04:29", "text": "like it or not, it just simply is. And"}, {"start": "00:04:26", "end": "00:04:32", "text": "and so when you have a period of"}, {"start": "00:04:29", "end": "00:04:34", "text": "inflation kind of starting to come back,"}, {"start": "00:04:32", "end": "00:04:37", "text": "it's going to cause those rate cuts that"}, {"start": "00:04:34", "end": "00:04:38", "text": "were priced in to get priced out. And"}, {"start": "00:04:37", "end": "00:04:40", "text": "now with the market pricing in rate"}, {"start": "00:04:38", "end": "00:04:42", "text": "hikes, who knows if they happen or not,"}, {"start": "00:04:40", "end": "00:04:44", "text": "but with the market pricing them in,"}, {"start": "00:04:42", "end": "00:04:46", "text": "that continues to be a macro headwind"}, {"start": "00:04:44", "end": "00:04:50", "text": "for Bitcoin, you know, for at least a"}, {"start": "00:04:46", "end": "00:04:53", "text": "few more months. You could even argue"}, {"start": "00:04:50", "end": "00:04:56", "text": "that maybe Bitcoin will bottom right"}, {"start": "00:04:53", "end": "00:04:58", "text": "before the rate hikes start. There is a"}, {"start": "00:04:56", "end": "00:05:00", "text": "good chance if there are rate hikes,"}, {"start": "00:04:58", "end": "00:05:01", "text": "there's a good chance that Bitcoin"}, {"start": "00:05:00", "end": "00:05:04", "text": "prices all that stuff in before it"}, {"start": "00:05:01", "end": "00:05:07", "text": "happens and then it starts back into its"}, {"start": "00:05:04", "end": "00:05:09", "text": "bull market really late this year, early"}, {"start": "00:05:07", "end": "00:05:11", "text": "2027. I mean, there's certainly a chance"}, {"start": "00:05:09", "end": "00:05:14", "text": "that it does in fact play out that way."}, {"start": "00:05:11", "end": "00:05:18", "text": "Now, with Bitcoin, the other thing that"}, {"start": "00:05:14", "end": "00:05:20", "text": "hasn't really changed is that where it"}, {"start": "00:05:18", "end": "00:05:22", "text": "got rejected from. Okay. Now, we"}, {"start": "00:05:20", "end": "00:05:24", "text": "actually talked about this a few weeks"}, {"start": "00:05:22", "end": "00:05:27", "text": "ago where we said a lot of times the way"}, {"start": "00:05:24", "end": "00:05:30", "text": "this plays out is you'll rally above the"}, {"start": "00:05:27", "end": "00:05:32", "text": "21week EMA, you'll go to the 200 day,"}, {"start": "00:05:30", "end": "00:05:34", "text": "you'll come back down to the 21week EMA,"}, {"start": "00:05:32", "end": "00:05:36", "text": "you'll go back up, and then you'll come"}, {"start": "00:05:34", "end": "00:05:39", "text": "down. Some of you guys probably remember"}, {"start": "00:05:36", "end": "00:05:41", "text": "that video, right? And and where we came"}, {"start": "00:05:39", "end": "00:05:44", "text": "up with that was looking at how it had"}, {"start": "00:05:41", "end": "00:05:45", "text": "played out in prior bare markets where"}, {"start": "00:05:44", "end": "00:05:47", "text": "you go through the bull market spread"}, {"start": "00:05:45", "end": "00:05:50", "text": "band of the 200 day back down to test it"}, {"start": "00:05:47", "end": "00:05:52", "text": "back up and then down. Okay, that it's a"}, {"start": "00:05:50", "end": "00:05:55", "text": "very common pattern"}, {"start": "00:05:52", "end": "00:05:57", "text": "um that that we've seen. You can also"}, {"start": "00:05:55", "end": "00:06:00", "text": "see it actually played out in in 2018 as"}, {"start": "00:05:57", "end": "00:06:02", "text": "well where you go above the bull mark"}, {"start": "00:06:00", "end": "00:06:06", "text": "band, get it close to the 200 day, back"}, {"start": "00:06:02", "end": "00:06:08", "text": "down, test it, bounce, and then down. So"}, {"start": "00:06:06", "end": "00:06:10", "text": "this pattern is a pattern we've seen so"}, {"start": "00:06:08", "end": "00:06:13", "text": "many times before, right? Like there's"}, {"start": "00:06:10", "end": "00:06:16", "text": "been no shortage of Bitcoin going above"}, {"start": "00:06:13", "end": "00:06:18", "text": "the 21week EMA, 20week SMA in bare"}, {"start": "00:06:16", "end": "00:06:20", "text": "markets, rallying to the 200 day. All"}, {"start": "00:06:18", "end": "00:06:23", "text": "the bulls come out, they dunk on the"}, {"start": "00:06:20", "end": "00:06:26", "text": "bears profusely, and then all of a"}, {"start": "00:06:23", "end": "00:06:28", "text": "sudden it's like the air just gets let"}, {"start": "00:06:26", "end": "00:06:31", "text": "out and Bitcoin then just slowly goes"}, {"start": "00:06:28", "end": "00:06:33", "text": "back down. So you have to be careful."}, {"start": "00:06:31", "end": "00:06:37", "text": "And and one of the things I said is at"}, {"start": "00:06:33", "end": "00:06:39", "text": "the end of um"}, {"start": "00:06:37", "end": "00:06:41", "text": "the midterm year or sorry at the end of"}, {"start": "00:06:39", "end": "00:06:42", "text": "the post having year one of the things I"}, {"start": "00:06:41", "end": "00:06:44", "text": "said is the hardest thing to do with"}, {"start": "00:06:42", "end": "00:06:46", "text": "crypto in the midterm year is just to"}, {"start": "00:06:44", "end": "00:06:48", "text": "just kind of like forget about it for at"}, {"start": "00:06:46", "end": "00:06:50", "text": "least the first half of the midterm year"}, {"start": "00:06:48", "end": "00:06:51", "text": "and then in the second half to start"}, {"start": "00:06:50", "end": "00:06:53", "text": "really getting a little bit more"}, {"start": "00:06:51", "end": "00:06:55", "text": "interested because it's in the first"}, {"start": "00:06:53", "end": "00:06:57", "text": "half of the year where you really get"}, {"start": "00:06:55", "end": "00:07:00", "text": "those stronger counter trend rallies"}, {"start": "00:06:57", "end": "00:07:02", "text": "that people fall for. and and then as"}, {"start": "00:07:00", "end": "00:07:04", "text": "you get past that then everyone starts"}, {"start": "00:07:02", "end": "00:07:06", "text": "to accept the bare market and then once"}, {"start": "00:07:04", "end": "00:07:07", "text": "everyone accepts the bare market that's"}, {"start": "00:07:06", "end": "00:07:12", "text": "usually when the bare market is actually"}, {"start": "00:07:07", "end": "00:07:15", "text": "over. Um, so the other thing that I I I"}, {"start": "00:07:12", "end": "00:07:19", "text": "I wanted to sort of touch base on is,"}, {"start": "00:07:15", "end": "00:07:21", "text": "you know, the timing of this, right?"}, {"start": "00:07:19", "end": "00:07:24", "text": "Look, I don't know exactly when the the"}, {"start": "00:07:21", "end": "00:07:26", "text": "next low is going to be or the next, you"}, {"start": "00:07:24", "end": "00:07:30", "text": "know, major market cycle bottom. What I"}, {"start": "00:07:26", "end": "00:07:32", "text": "will say is this. Historically, weak"}, {"start": "00:07:30", "end": "00:07:36", "text": "points in the market in midterm years"}, {"start": "00:07:32", "end": "00:07:39", "text": "for Bitcoin are around the June time"}, {"start": "00:07:36", "end": "00:07:42", "text": "frame and then you normally form a major"}, {"start": "00:07:39", "end": "00:07:47", "text": "low in Q4. Okay? Uh so you'll see like"}, {"start": "00:07:42", "end": "00:07:50", "text": "June of 2018, June of 2022"}, {"start": "00:07:47", "end": "00:07:51", "text": "and you know and in and in 2018 it was"}, {"start": "00:07:50", "end": "00:07:56", "text": "just a sweep of the prior low from"}, {"start": "00:07:51", "end": "00:07:59", "text": "February. Um, in 2022 it was a much"}, {"start": "00:07:56", "end": "00:08:02", "text": "lower low. Structurally, this looks more"}, {"start": "00:07:59", "end": "00:08:05", "text": "like 2018 to me than it does 2022 in"}, {"start": "00:08:02", "end": "00:08:08", "text": "terms of like um, you know, how the how"}, {"start": "00:08:05", "end": "00:08:10", "text": "the market's playing out, but it's not"}, {"start": "00:08:08", "end": "00:08:12", "text": "like there's no similar. I mean, there"}, {"start": "00:08:10", "end": "00:08:14", "text": "are some similarities of 2022 as well,"}, {"start": "00:08:12", "end": "00:08:16", "text": "but I think I think 2018 is a little bit"}, {"start": "00:08:14", "end": "00:08:19", "text": "more relevant. Also, 2018, Trump was"}, {"start": "00:08:16", "end": "00:08:20", "text": "president as well, midterm year, a lot"}, {"start": "00:08:19", "end": "00:08:22", "text": "of the same stuff. By the way, in 2018,"}, {"start": "00:08:20", "end": "00:08:23", "text": "the stock market had a deep correction"}, {"start": "00:08:22", "end": "00:08:25", "text": "in the early part of the year and then"}, {"start": "00:08:23", "end": "00:08:26", "text": "it had a second correction in the back"}, {"start": "00:08:25", "end": "00:08:29", "text": "half of the year. And it was actually"}, {"start": "00:08:26", "end": "00:08:30", "text": "the second correction that call you"}, {"start": "00:08:29", "end": "00:08:32", "text": "could argue sort of coincided with"}, {"start": "00:08:30", "end": "00:08:36", "text": "Bitcoin getting that that final drop"}, {"start": "00:08:32", "end": "00:08:38", "text": "into Q4. So, what I what I would be"}, {"start": "00:08:36", "end": "00:08:41", "text": "looking for is,"}, {"start": "00:08:38", "end": "00:08:45", "text": "you know, some type of low in the"}, {"start": "00:08:41", "end": "00:08:48", "text": "summer. Um my guess would be in June"}, {"start": "00:08:45", "end": "00:08:51", "text": "sometime maybe maybe July and then a"}, {"start": "00:08:48", "end": "00:08:54", "text": "bounce in like the July August time"}, {"start": "00:08:51", "end": "00:08:57", "text": "frame and then maybe a final drop in the"}, {"start": "00:08:54", "end": "00:09:01", "text": "September October time frame. Now there"}, {"start": "00:08:57", "end": "00:09:03", "text": "is a chance that the next low could be"}, {"start": "00:09:01", "end": "00:09:06", "text": "the final low depending on how low we"}, {"start": "00:09:03", "end": "00:09:07", "text": "go. Okay, you know, the the 200week"}, {"start": "00:09:06", "end": "00:09:10", "text": "moving average is probably going to come"}, {"start": "00:09:07", "end": "00:09:12", "text": "into play regardless of whether, you"}, {"start": "00:09:10", "end": "00:09:14", "text": "know, regardless of of a lower low or"}, {"start": "00:09:12", "end": "00:09:16", "text": "not. Like you could have a higher low"}, {"start": "00:09:14", "end": "00:09:18", "text": "and and it still tagged the 200WE moving"}, {"start": "00:09:16", "end": "00:09:21", "text": "average because the 200WE moving average"}, {"start": "00:09:18", "end": "00:09:23", "text": "is now above where we wked to back in"}, {"start": "00:09:21", "end": "00:09:24", "text": "February."}, {"start": "00:09:23", "end": "00:09:30", "text": "But note that last cycle we actually"}, {"start": "00:09:24", "end": "00:09:31", "text": "went below the 200E moving average. So"}, {"start": "00:09:30", "end": "00:09:33", "text": "I think it's going to come into play,"}, {"start": "00:09:31", "end": "00:09:34", "text": "right? But I think that 200 week is"}, {"start": "00:09:33", "end": "00:09:36", "text": "going to come into play. That is in fact"}, {"start": "00:09:34", "end": "00:09:39", "text": "our date with destiny, right? We've"}, {"start": "00:09:36", "end": "00:09:41", "text": "talked about that for a while. I It's"}, {"start": "00:09:39", "end": "00:09:44", "text": "just a matter of time in my opinion. And"}, {"start": "00:09:41", "end": "00:09:47", "text": "a lot of times a lot of times you'll see"}, {"start": "00:09:44", "end": "00:09:49", "text": "it come into play. Um, you know, as you"}, {"start": "00:09:47", "end": "00:09:50", "text": "get deeper into the bare market, right?"}, {"start": "00:09:49", "end": "00:09:52", "text": "As you get closer to the end of the bare"}, {"start": "00:09:50", "end": "00:09:54", "text": "market, that 200 week moving average"}, {"start": "00:09:52", "end": "00:09:56", "text": "will come into play. It doesn't have to"}, {"start": "00:09:54", "end": "00:09:58", "text": "act as support, but once you get around"}, {"start": "00:09:56", "end": "00:10:00", "text": "that level, you know, you have to start"}, {"start": "00:09:58", "end": "00:10:01", "text": "at least asking the questions about, all"}, {"start": "00:10:00", "end": "00:10:04", "text": "right, how much longer will the bare"}, {"start": "00:10:01", "end": "00:10:05", "text": "market last? I also want to say one more"}, {"start": "00:10:04", "end": "00:10:07", "text": "thing because, you know, over the last"}, {"start": "00:10:05", "end": "00:10:09", "text": "few weeks or last few months, there's"}, {"start": "00:10:07", "end": "00:10:13", "text": "been a lot of people that have obviously"}, {"start": "00:10:09", "end": "00:10:15", "text": "dunked on me all all over Twitter, but I"}, {"start": "00:10:13", "end": "00:10:16", "text": "would encourage you if you have been"}, {"start": "00:10:15", "end": "00:10:18", "text": "bearish and you feel like you've been"}, {"start": "00:10:16", "end": "00:10:20", "text": "getting dunked on as well and you feel"}, {"start": "00:10:18", "end": "00:10:21", "text": "like, you know, like the market's just"}, {"start": "00:10:20", "end": "00:10:24", "text": "been against you and and it's been going"}, {"start": "00:10:21", "end": "00:10:27", "text": "the wrong direction, if a lower low is"}, {"start": "00:10:24", "end": "00:10:29", "text": "set, you know, perhaps perhaps we could"}, {"start": "00:10:27", "end": "00:10:33", "text": "be the bigger people and not dunk on on"}, {"start": "00:10:29", "end": "00:10:36", "text": "the bulls because to some degree"}, {"start": "00:10:33", "end": "00:10:38", "text": "All the Bitcoin, maybe not all, but most"}, {"start": "00:10:36", "end": "00:10:42", "text": "of the Bitcoin bears are bulls and"}, {"start": "00:10:38", "end": "00:10:44", "text": "waiting, right? So,"}, {"start": "00:10:42", "end": "00:10:46", "text": "don't make the mistake if there are"}, {"start": "00:10:44", "end": "00:10:48", "text": "lower lows that come later this year,"}, {"start": "00:10:46", "end": "00:10:50", "text": "don't make the mistake of just, you"}, {"start": "00:10:48", "end": "00:10:52", "text": "know, using that opportunity to go dunk"}, {"start": "00:10:50", "end": "00:10:54", "text": "on the on the bulls because you might"}, {"start": "00:10:52", "end": "00:10:57", "text": "want to actually use that opportunity to"}, {"start": "00:10:54", "end": "00:11:01", "text": "to, you know, to consider getting a"}, {"start": "00:10:57", "end": "00:11:02", "text": "position at that point. Um, so it's just"}, {"start": "00:11:01", "end": "00:11:04", "text": "something I've been thinking about."}, {"start": "00:11:02", "end": "00:11:07", "text": "Maybe maybe that's something that we"}, {"start": "00:11:04", "end": "00:11:09", "text": "could we could try to do and and we'll"}, {"start": "00:11:07", "end": "00:11:11", "text": "see if this plays out like like prior"}, {"start": "00:11:09", "end": "00:11:15", "text": "cycles. You know, I I still think it's"}, {"start": "00:11:11", "end": "00:11:19", "text": "going to at this point. Um, and I'm not"}, {"start": "00:11:15", "end": "00:11:21", "text": "going to change my mind on every single"}, {"start": "00:11:19", "end": "00:11:24", "text": "rally that we get. We'd have to go much"}, {"start": "00:11:21", "end": "00:11:26", "text": "higher than current prices for me to"}, {"start": "00:11:24", "end": "00:11:30", "text": "even consider it at this point in the"}, {"start": "00:11:26", "end": "00:11:33", "text": "midterm year. But by Q4, you'll probably"}, {"start": "00:11:30", "end": "00:11:36", "text": "see my tone shift a lot. Okay? I won't"}, {"start": "00:11:33", "end": "00:11:39", "text": "be nearly as deterministically bearish."}, {"start": "00:11:36", "end": "00:11:44", "text": "Um, I'll I'll start being more"}, {"start": "00:11:39", "end": "00:11:45", "text": "optimistic on on Bitcoin and uh and and"}, {"start": "00:11:44", "end": "00:11:48", "text": "the narratives will change, right? The"}, {"start": "00:11:45", "end": "00:11:50", "text": "tides will probably turn. But until that"}, {"start": "00:11:48", "end": "00:11:52", "text": "time, you know, I have to stick with"}, {"start": "00:11:50", "end": "00:11:54", "text": "with what the data says. And if I'm"}, {"start": "00:11:52", "end": "00:11:57", "text": "wrong, I'll lick my wounds and I'm"}, {"start": "00:11:54", "end": "00:11:59", "text": "wrong. Uh but if I'm right then it was"}, {"start": "00:11:57", "end": "00:12:00", "text": "basically it's not that I had a crystal"}, {"start": "00:11:59", "end": "00:12:02", "text": "ball, right? I was just looking, hey"}, {"start": "00:12:00", "end": "00:12:05", "text": "guys, this is what always happens in"}, {"start": "00:12:02", "end": "00:12:08", "text": "midterm years. And let's just assume"}, {"start": "00:12:05", "end": "00:12:09", "text": "that maybe it happens again. You know,"}, {"start": "00:12:08", "end": "00:12:12", "text": "at some point the four-ear cycle will"}, {"start": "00:12:09", "end": "00:12:14", "text": "probably break, but that could be 20"}, {"start": "00:12:12", "end": "00:12:16", "text": "years from now or 10 years. Like no one"}, {"start": "00:12:14", "end": "00:12:19", "text": "knows when that's going to happen. And"}, {"start": "00:12:16", "end": "00:12:22", "text": "usually when they break it's because of"}, {"start": "00:12:19", "end": "00:12:23", "text": "it's not for the right reasons, right?"}, {"start": "00:12:22", "end": "00:12:25", "text": "You remember how people always talk"}, {"start": "00:12:23", "end": "00:12:26", "text": "about how they want Bitcoin to decouple"}, {"start": "00:12:25", "end": "00:12:28", "text": "from the stock market and then every"}, {"start": "00:12:26", "end": "00:12:30", "text": "time they talk about that it ends up"}, {"start": "00:12:28", "end": "00:12:32", "text": "decoupling in the wrong way? If the"}, {"start": "00:12:30", "end": "00:12:34", "text": "four-year cycle were to ever break, it"}, {"start": "00:12:32", "end": "00:12:37", "text": "would probably break for a bad reason,"}, {"start": "00:12:34", "end": "00:12:39", "text": "not a good reason. So, I would assume I"}, {"start": "00:12:37", "end": "00:12:41", "text": "would prefer the four-year cycle just"}, {"start": "00:12:39", "end": "00:12:42", "text": "remains intact because one of the way,"}, {"start": "00:12:41", "end": "00:12:44", "text": "and by the way, I don't mean to scare"}, {"start": "00:12:42", "end": "00:12:45", "text": "you. One of the ways it could break is"}, {"start": "00:12:44", "end": "00:12:48", "text": "not necessarily because the price has to"}, {"start": "00:12:45", "end": "00:12:50", "text": "absolutely capitulate to prices beyond"}, {"start": "00:12:48", "end": "00:12:51", "text": "what anyone can imagine. It could just"}, {"start": "00:12:50", "end": "00:12:53", "text": "be that it breaks because the price of"}, {"start": "00:12:51", "end": "00:12:56", "text": "Bitcoin just doesn't go anywhere for a"}, {"start": "00:12:53", "end": "00:12:57", "text": "long time. You know, like if you think"}, {"start": "00:12:56", "end": "00:12:59", "text": "about it, Bitcoin's basically the same"}, {"start": "00:12:57", "end": "00:13:02", "text": "price today that it was like say five"}, {"start": "00:12:59", "end": "00:13:04", "text": "years ago. Imagine if that ends up being"}, {"start": "00:13:02", "end": "00:13:07", "text": "true in another 3 years or something."}, {"start": "00:13:04", "end": "00:13:09", "text": "Then maybe you get a midterm year that"}, {"start": "00:13:07", "end": "00:13:11", "text": "ends up being green, but it's only"}, {"start": "00:13:09", "end": "00:13:13", "text": "because for the last decade, Bitcoin"}, {"start": "00:13:11", "end": "00:13:15", "text": "didn't go anywhere. Uh so usually when"}, {"start": "00:13:13", "end": "00:13:17", "text": "when sort of cycles like that break,"}, {"start": "00:13:15", "end": "00:13:20", "text": "it's not because the super cycle takes"}, {"start": "00:13:17", "end": "00:13:23", "text": "over. It's because, you know, investor"}, {"start": "00:13:20", "end": "00:13:25", "text": "expectations get too lofty. They get"}, {"start": "00:13:23", "end": "00:13:27", "text": "wrecked and then the cycle the bears"}, {"start": "00:13:25", "end": "00:13:30", "text": "have been completely or the bulls have"}, {"start": "00:13:27", "end": "00:13:32", "text": "been completely annihilated and then you"}, {"start": "00:13:30", "end": "00:13:35", "text": "get to a midterm year where it just kind"}, {"start": "00:13:32", "end": "00:13:37", "text": "of drifts higher because the bulls were"}, {"start": "00:13:35", "end": "00:13:40", "text": "already annihilated."}, {"start": "00:13:37", "end": "00:13:41", "text": "But in this case, that's not where we"}, {"start": "00:13:40", "end": "00:13:44", "text": "have been, right? There were plenty of"}, {"start": "00:13:41", "end": "00:13:47", "text": "people, you know, super cycle guys uh"}, {"start": "00:13:44", "end": "00:13:48", "text": "back in in late 2025. It's not like it's"}, {"start": "00:13:47", "end": "00:13:51", "text": "not like the bulls are completely"}, {"start": "00:13:48", "end": "00:13:53", "text": "annihilated. Um and and really what I"}, {"start": "00:13:51", "end": "00:13:55", "text": "think's happening now is it's it's"}, {"start": "00:13:53", "end": "00:13:57", "text": "actually long-term I think really good"}, {"start": "00:13:55", "end": "00:13:59", "text": "for the industry because I I think there"}, {"start": "00:13:57", "end": "00:14:02", "text": "is a lot of froth in the space or"}, {"start": "00:13:59", "end": "00:14:04", "text": "continues to be. Um and by having one of"}, {"start": "00:14:02", "end": "00:14:06", "text": "these longer down periods, it it really"}, {"start": "00:14:04", "end": "00:14:08", "text": "does allow a lot of that to exit. And"}, {"start": "00:14:06", "end": "00:14:09", "text": "and you could say, well, this is only,"}, {"start": "00:14:08", "end": "00:14:11", "text": "you know, this bare market's been going"}, {"start": "00:14:09", "end": "00:14:13", "text": "only going on for a little while, but in"}, {"start": "00:14:11", "end": "00:14:14", "text": "some ways it's kind of been going on a"}, {"start": "00:14:13", "end": "00:14:17", "text": "lot longer. You know, when you measure"}, {"start": "00:14:14", "end": "00:14:19", "text": "Bitcoin against other things besides the"}, {"start": "00:14:17", "end": "00:14:21", "text": "US dollar, the bare market's actually"}, {"start": "00:14:19", "end": "00:14:23", "text": "been going on a lot longer than October,"}, {"start": "00:14:21", "end": "00:14:26", "text": "like if you measure Bitcoin against,"}, {"start": "00:14:23", "end": "00:14:29", "text": "say, gold, it's been going down since,"}, {"start": "00:14:26", "end": "00:14:31", "text": "you know, since like December of 2024."}, {"start": "00:14:29", "end": "00:14:33", "text": "So,"}, {"start": "00:14:31", "end": "00:14:36", "text": "you're talking about a year and a half"}, {"start": "00:14:33", "end": "00:14:38", "text": "now um of of sort of waning price"}, {"start": "00:14:36", "end": "00:14:40", "text": "action. And you could look at Bitcoin"}, {"start": "00:14:38", "end": "00:14:42", "text": "against a basket of other things, even"}, {"start": "00:14:40", "end": "00:14:44", "text": "other fiat currencies, and see that it"}, {"start": "00:14:42", "end": "00:14:47", "text": "actually topped a lot earlier than than"}, {"start": "00:14:44", "end": "00:14:49", "text": "October. So,"}, {"start": "00:14:47", "end": "00:14:50", "text": "those are my thoughts about about"}, {"start": "00:14:49", "end": "00:14:53", "text": "Bitcoin. I think it's playing out how it"}, {"start": "00:14:50", "end": "00:14:55", "text": "always has. I I think it's best to just"}, {"start": "00:14:53", "end": "00:14:57", "text": "keep this really, really simple. Let's"}, {"start": "00:14:55", "end": "00:14:58", "text": "not over complicate it. You don't need,"}, {"start": "00:14:57", "end": "00:15:02", "text": "you know, a thousand different"}, {"start": "00:14:58", "end": "00:15:05", "text": "indicators to to navigate Bitcoin. As"}, {"start": "00:15:02", "end": "00:15:09", "text": "much as you know a lot of people would"}, {"start": "00:15:05", "end": "00:15:11", "text": "have you believe one of the things that"}, {"start": "00:15:09", "end": "00:15:14", "text": "think about it right"}, {"start": "00:15:11", "end": "00:15:18", "text": "just to be candidly honest about about"}, {"start": "00:15:14", "end": "00:15:21", "text": "this market all you ever had to do"}, {"start": "00:15:18", "end": "00:15:26", "text": "despite every indicator despite every"}, {"start": "00:15:21", "end": "00:15:29", "text": "regression ban or power law or or you"}, {"start": "00:15:26", "end": "00:15:32", "text": "know stock toflow model or whatever"}, {"start": "00:15:29", "end": "00:15:34", "text": "whatever even even all the onchain"}, {"start": "00:15:32", "end": "00:15:36", "text": "stuff, even all the risk stuff, social"}, {"start": "00:15:34", "end": "00:15:39", "text": "interest, all that stuff. All you ever"}, {"start": "00:15:36", "end": "00:15:42", "text": "had to do"}, {"start": "00:15:39", "end": "00:15:44", "text": "was buy Bitcoin at the end of midterm"}, {"start": "00:15:42", "end": "00:15:46", "text": "years"}, {"start": "00:15:44", "end": "00:15:49", "text": "and sell it at the end of post having"}, {"start": "00:15:46", "end": "00:15:52", "text": "years. That's all you ever had to do."}, {"start": "00:15:49", "end": "00:15:55", "text": "Okay? And we can we can try to over"}, {"start": "00:15:52", "end": "00:15:58", "text": "complicate it, right? I mean, we"}, {"start": "00:15:55", "end": "00:16:01", "text": "probably will, but that's all you ever"}, {"start": "00:15:58", "end": "00:16:03", "text": "had to do. And so what I would say is"}, {"start": "00:16:01", "end": "00:16:06", "text": "one of the most important aspects of"}, {"start": "00:16:03", "end": "00:16:09", "text": "this market is not price. It's not where"}, {"start": "00:16:06", "end": "00:16:10", "text": "does the price of Bitcoin have to go to"}, {"start": "00:16:09", "end": "00:16:13", "text": "allow a bottom. I don't know exactly"}, {"start": "00:16:10", "end": "00:16:14", "text": "where it's going to be."}, {"start": "00:16:13", "end": "00:16:16", "text": "There are some cases where if I just"}, {"start": "00:16:14", "end": "00:16:19", "text": "hold 60K for the rest of the year, then"}, {"start": "00:16:16", "end": "00:16:21", "text": "maybe that's good enough, but it's too"}, {"start": "00:16:19", "end": "00:16:24", "text": "early in the year to call for that,"}, {"start": "00:16:21", "end": "00:16:27", "text": "right? like you'd have to go through the"}, {"start": "00:16:24", "end": "00:16:30", "text": "whole summer holding 60K and kind of get"}, {"start": "00:16:27", "end": "00:16:31", "text": "through the Q4 period of still holding"}, {"start": "00:16:30", "end": "00:16:33", "text": "it to then be at least somewhat"}, {"start": "00:16:31", "end": "00:16:34", "text": "confident that it's going to hold. We're"}, {"start": "00:16:33", "end": "00:16:36", "text": "still going to be in that window of"}, {"start": "00:16:34", "end": "00:16:39", "text": "weakness, probably through at least"}, {"start": "00:16:36", "end": "00:16:40", "text": "October. And so until that time, it"}, {"start": "00:16:39", "end": "00:16:42", "text": "makes sense to be at least open-minded"}, {"start": "00:16:40", "end": "00:16:44", "text": "to it going lower. Even if it doesn't go"}, {"start": "00:16:42", "end": "00:16:45", "text": "lower, it it doesn't really matter. But"}, {"start": "00:16:44", "end": "00:16:47", "text": "the point is is when you look at the"}, {"start": "00:16:45", "end": "00:16:50", "text": "year-to- date ROI of Bitcoin in midterm"}, {"start": "00:16:47", "end": "00:16:51", "text": "years and look at the average of it and"}, {"start": "00:16:50", "end": "00:16:53", "text": "compared to this year, we are slightly"}, {"start": "00:16:51", "end": "00:16:55", "text": "outside of those bounds, but we could be"}, {"start": "00:16:53", "end": "00:16:58", "text": "coming right back into them because if"}, {"start": "00:16:55", "end": "00:17:00", "text": "you look at every other midterm year,"}, {"start": "00:16:58", "end": "00:17:02", "text": "there was always sort of a brief exit"}, {"start": "00:17:00", "end": "00:17:04", "text": "from these bounds that I mean, these are"}, {"start": "00:17:02", "end": "00:17:06", "text": "made up from, but you can see it's not"}, {"start": "00:17:04", "end": "00:17:07", "text": "like it's not like there's any single"}, {"start": "00:17:06", "end": "00:17:08", "text": "year where it just perfectly stays"}, {"start": "00:17:07", "end": "00:17:11", "text": "within the bounds. So, why would you"}, {"start": "00:17:08", "end": "00:17:15", "text": "expect 2026 to just perfectly stay"}, {"start": "00:17:11", "end": "00:17:19", "text": "within these bounds? So consider that."}, {"start": "00:17:15", "end": "00:17:22", "text": "And then honestly, one of the best"}, {"start": "00:17:19", "end": "00:17:25", "text": "charts to look at right now is this one,"}, {"start": "00:17:22", "end": "00:17:28", "text": "the ROI from the low and then carry it"}, {"start": "00:17:25", "end": "00:17:30", "text": "out to the bottom. One of the best"}, {"start": "00:17:28", "end": "00:17:31", "text": "charts. If you had to say, what is the"}, {"start": "00:17:30", "end": "00:17:35", "text": "one chart you're looking at the most"}, {"start": "00:17:31", "end": "00:17:38", "text": "right now? It's this one. Because did"}, {"start": "00:17:35", "end": "00:17:40", "text": "this chart tell you that Bitcoin was"}, {"start": "00:17:38", "end": "00:17:42", "text": "going to top at 126K"}, {"start": "00:17:40", "end": "00:17:44", "text": "three years before it did?"}, {"start": "00:17:42", "end": "00:17:47", "text": "No,"}, {"start": "00:17:44", "end": "00:17:49", "text": "but it did tell you that Bitcoin would"}, {"start": "00:17:47", "end": "00:17:51", "text": "top in Q4."}, {"start": "00:17:49", "end": "00:17:53", "text": "Okay."}, {"start": "00:17:51", "end": "00:17:55", "text": "Is this chart going to tell you exactly"}, {"start": "00:17:53", "end": "00:18:00", "text": "where Bitcoin's going to bottom"}, {"start": "00:17:55", "end": "00:18:03", "text": "potentially later this year in Q4? No."}, {"start": "00:18:00", "end": "00:18:04", "text": "But it might tell you when. And that's"}, {"start": "00:18:03", "end": "00:18:08", "text": "the point. That's the important aspect"}, {"start": "00:18:04", "end": "00:18:10", "text": "of it. The price is not as important as"}, {"start": "00:18:08", "end": "00:18:12", "text": "people as people make it out to be. It's"}, {"start": "00:18:10", "end": "00:18:15", "text": "just not. It's more of a timebased"}, {"start": "00:18:12", "end": "00:18:18", "text": "capitulation. It's not like Bitcoin has"}, {"start": "00:18:15", "end": "00:18:20", "text": "to go to some specific price for the"}, {"start": "00:18:18", "end": "00:18:24", "text": "market to bottom. It's timebased"}, {"start": "00:18:20", "end": "00:18:26", "text": "capitulation. It's people giving up and"}, {"start": "00:18:24", "end": "00:18:28", "text": "that is what leads to the end of bare"}, {"start": "00:18:26", "end": "00:18:29", "text": "markets. If you guys like the content,"}, {"start": "00:18:28", "end": "00:18:30", "text": "make sure you subscribe to the channel,"}, {"start": "00:18:29", "end": "00:18:32", "text": "give the video a thumbs up, and again"}, {"start": "00:18:30", "end": "00:18:34", "text": "check out the sale on into the"}, {"start": "00:18:32", "end": "00:18:35", "text": "cryptoverse premium at into the"}, {"start": "00:18:34", "end": "00:18:39", "text": "cryptoverse.com."}, {"start": "00:18:35", "end": "00:18:39", "text": "I'll see you guys next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "The issue for Bitcoin, of course, is"}, {"start": "00:00:01", "end": "00:00:04", "text": "that it's had all this time to"}, {"start": "00:00:03", "end": "00:00:06", "text": "theoretically go to new all-time highs"}, {"start": "00:00:04", "end": "00:00:07", "text": "if it was going to, if the super cycle"}, {"start": "00:00:06", "end": "00:00:09", "text": "guys were right. But despite the fact"}, {"start": "00:00:07", "end": "00:00:10", "text": "that the S&P kept putting in new"}, {"start": "00:00:09", "end": "00:00:13", "text": "all-time highs, Bitcoin keeps lagging."}, {"start": "00:00:10", "end": "00:00:14", "text": "The problem is that we're getting closer"}, {"start": "00:00:13", "end": "00:00:17", "text": "and closer and closer to a correction by"}, {"start": "00:00:14", "end": "00:00:20", "text": "the S&P 500, right? This is now how many"}, {"start": "00:00:17", "end": "00:00:22", "text": "weeks in a row? I mean, you know, seven,"}, {"start": "00:00:20", "end": "00:00:25", "text": "eight weeks in a row where the S&P has"}, {"start": "00:00:22", "end": "00:00:26", "text": "just gone up only. And at some point,"}, {"start": "00:00:25", "end": "00:00:28", "text": "you're going to get at least a small"}, {"start": "00:00:26", "end": "00:00:30", "text": "drop. And when that happens, it'll"}, {"start": "00:00:28", "end": "00:00:31", "text": "likely hit Bitcoin because Bitcoin's"}, {"start": "00:00:30", "end": "00:00:33", "text": "already been lagging. And so then when"}, {"start": "00:00:31", "end": "00:00:35", "text": "the lower risk stuff gets hit, that's"}, {"start": "00:00:33", "end": "00:00:37", "text": "when Bitcoin will often get hit even"}, {"start": "00:00:35", "end": "00:00:41", "text": "harder. Think about the people that"}, {"start": "00:00:37", "end": "00:00:42", "text": "bought altcoins in 2023, 2024, and 2025."}, {"start": "00:00:41", "end": "00:00:44", "text": "They basically just watched it bleed to"}, {"start": "00:00:42", "end": "00:00:45", "text": "Bitcoin. When Bitcoin would go up, it"}, {"start": "00:00:44", "end": "00:00:47", "text": "would lift the altcoin market with it,"}, {"start": "00:00:45", "end": "00:00:49", "text": "but the minute Bitcoin started dropping,"}, {"start": "00:00:47", "end": "00:00:51", "text": "altcoins would get annihilated. Now"}, {"start": "00:00:49", "end": "00:00:52", "text": "we're further down the risk curve. Now,"}, {"start": "00:00:51", "end": "00:00:57", "text": "Bitcoin goes up when the stock market"}, {"start": "00:00:52", "end": "00:00:58", "text": "does, but because it's in a bare market,"}, {"start": "00:00:57", "end": "00:01:01", "text": "whenever the stock market then drops,"}, {"start": "00:00:58", "end": "00:01:01", "text": "Bitcoin then gets hit harder."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone, and thanks for jumping"}, {"start": "00:00:02", "end": "00:00:06", "text": "back into the equity verse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today, we're going to talk about the S&P"}, {"start": "00:00:06", "end": "00:00:11", "text": "500 dubious speculation. If you guys"}, {"start": "00:00:09", "end": "00:00:12", "text": "like the content, make sure you"}, {"start": "00:00:11", "end": "00:00:15", "text": "subscribe to the channel, give the video"}, {"start": "00:00:12", "end": "00:00:19", "text": "a thumbs up, and also check out the sale"}, {"start": "00:00:15", "end": "00:00:21", "text": "on ITC premium at endthecryptoverse.com."}, {"start": "00:00:19", "end": "00:00:25", "text": "Let's go ahead and jump in. So, back in"}, {"start": "00:00:21", "end": "00:00:28", "text": "February, we put out a video that said"}, {"start": "00:00:25", "end": "00:00:29", "text": "that stocks would likely drop 10% soon,"}, {"start": "00:00:28", "end": "00:00:32", "text": "right? This is back in February. And"}, {"start": "00:00:29", "end": "00:00:34", "text": "again, it's not like it's you have to"}, {"start": "00:00:32", "end": "00:00:36", "text": "have a crystal ball to try to figure out"}, {"start": "00:00:34", "end": "00:00:38", "text": "when these corrections might occur. What"}, {"start": "00:00:36", "end": "00:00:40", "text": "you look for is when you start to see"}, {"start": "00:00:38", "end": "00:00:43", "text": "the momentum fade, right? And and you're"}, {"start": "00:00:40", "end": "00:00:46", "text": "struggling to put in new highs, then you"}, {"start": "00:00:43", "end": "00:00:48", "text": "start to argue, \"Okay, maybe it's time"}, {"start": "00:00:46", "end": "00:00:51", "text": "for one of those corrections.\" And in"}, {"start": "00:00:48", "end": "00:00:53", "text": "this case, after such a massive move up,"}, {"start": "00:00:51", "end": "00:00:56", "text": "we called for a 10% drop. This was back"}, {"start": "00:00:53", "end": "00:00:57", "text": "in February. And in fact, when that"}, {"start": "00:00:56", "end": "00:01:00", "text": "video was put out, yeah, I think it was"}, {"start": "00:00:57", "end": "00:01:02", "text": "the week of the top, right? It was like"}, {"start": "00:01:00", "end": "00:01:04", "text": "late January, early February."}, {"start": "00:01:02", "end": "00:01:06", "text": "Now,"}, {"start": "00:01:04", "end": "00:01:08", "text": "after that, the stock market dropped"}, {"start": "00:01:06", "end": "00:01:10", "text": "about 10%. Now, we said after that,"}, {"start": "00:01:08", "end": "00:01:12", "text": "there are some definite cases where we"}, {"start": "00:01:10", "end": "00:01:16", "text": "just right go right back up to all-time"}, {"start": "00:01:12", "end": "00:01:18", "text": "highs as long as we see no"}, {"start": "00:01:16", "end": "00:01:20", "text": "feedback loop in the labor market, and"}, {"start": "00:01:18", "end": "00:01:23", "text": "layoffs have remained low, initial"}, {"start": "00:01:20", "end": "00:01:25", "text": "claims remain low. Again, the market"}, {"start": "00:01:23", "end": "00:01:27", "text": "loves to climb the wall of worry until"}, {"start": "00:01:25", "end": "00:01:30", "text": "there is a sufficient reason not to do"}, {"start": "00:01:27", "end": "00:01:32", "text": "so, and we haven't had that sufficient"}, {"start": "00:01:30", "end": "00:01:35", "text": "reason just yet. Markets love to look"}, {"start": "00:01:32", "end": "00:01:37", "text": "for optimism, and if you look at one way"}, {"start": "00:01:35", "end": "00:01:38", "text": "to visualize that, if you look at a map"}, {"start": "00:01:37", "end": "00:01:41", "text": "of the states where the unemployment"}, {"start": "00:01:38", "end": "00:01:43", "text": "rate is rising, yeah, it looks like a"}, {"start": "00:01:41", "end": "00:01:46", "text": "lot, but guess what prior recessions"}, {"start": "00:01:43", "end": "00:01:48", "text": "looked like. It was the whole country,"}, {"start": "00:01:46", "end": "00:01:50", "text": "right? It was the whole country in prior"}, {"start": "00:01:48", "end": "00:01:52", "text": "recessions. And now, you can see it's"}, {"start": "00:01:50", "end": "00:01:53", "text": "trending up in a lot of places, but"}, {"start": "00:01:52", "end": "00:01:54", "text": "there's still"}, {"start": "00:01:53", "end": "00:01:57", "text": "pockets"}, {"start": "00:01:54", "end": "00:01:59", "text": "of optimism. Now, if you look at the the"}, {"start": "00:01:57", "end": "00:02:00", "text": "a chart and you look at the number of"}, {"start": "00:01:59", "end": "00:02:03", "text": "states where the unemployment rate is"}, {"start": "00:02:00", "end": "00:02:06", "text": "rising over the last 6 months, it has"}, {"start": "00:02:03", "end": "00:02:08", "text": "been elevated for a while. Um"}, {"start": "00:02:06", "end": "00:02:10", "text": "but you can see it hasn't really broken"}, {"start": "00:02:08", "end": "00:02:13", "text": "into these higher higher regions where"}, {"start": "00:02:10", "end": "00:02:14", "text": "it's essentially the entire country. So,"}, {"start": "00:02:13", "end": "00:02:16", "text": "I wanted to talk a little bit about my"}, {"start": "00:02:14", "end": "00:02:19", "text": "framework for the rest of this year,"}, {"start": "00:02:16", "end": "00:02:21", "text": "okay? And"}, {"start": "00:02:19", "end": "00:02:24", "text": "the 10% drop happened and one of the"}, {"start": "00:02:21", "end": "00:02:26", "text": "reasons why I was looking for that 10%"}, {"start": "00:02:24", "end": "00:02:28", "text": "drop specifically is based on a fractal"}, {"start": "00:02:26", "end": "00:02:30", "text": "that I still think will break, even"}, {"start": "00:02:28", "end": "00:02:32", "text": "though I arguably it hasn't really"}, {"start": "00:02:30", "end": "00:02:36", "text": "broken yet, and that's the S&P divided"}, {"start": "00:02:32", "end": "00:02:38", "text": "by M2, okay? So, what I did back then is"}, {"start": "00:02:36", "end": "00:02:40", "text": "I was I was just simply looking at at"}, {"start": "00:02:38", "end": "00:02:43", "text": "that pattern and saying, \"Look,"}, {"start": "00:02:40", "end": "00:02:47", "text": "this fractal continues to play out going"}, {"start": "00:02:43", "end": "00:02:50", "text": "all the way back to 1996 and when you"}, {"start": "00:02:47", "end": "00:02:52", "text": "overlay it, right? When you overlay the"}, {"start": "00:02:50", "end": "00:02:54", "text": "pattern, I just I just simply looked at"}, {"start": "00:02:52", "end": "00:02:55", "text": "it and I was like, \"All right, well, you"}, {"start": "00:02:54", "end": "00:02:59", "text": "know,"}, {"start": "00:02:55", "end": "00:03:01", "text": "this correction back in 2023"}, {"start": "00:02:59", "end": "00:03:03", "text": "lined up with the one we had in 1997."}, {"start": "00:03:01", "end": "00:03:05", "text": "That was about a 10% drop. And then we"}, {"start": "00:03:03", "end": "00:03:06", "text": "had the 20% drop. And then it looked"}, {"start": "00:03:05", "end": "00:03:09", "text": "like, \"All right, let's have a about a"}, {"start": "00:03:06", "end": "00:03:12", "text": "10% drop.\" And it was. Now, what I'm"}, {"start": "00:03:09", "end": "00:03:13", "text": "thinking is this, okay? First of all, I"}, {"start": "00:03:12", "end": "00:03:15", "text": "want to be clear. I don't think this"}, {"start": "00:03:13", "end": "00:03:17", "text": "fractal is going to completely play out."}, {"start": "00:03:15", "end": "00:03:19", "text": "There's a good chance it breaks to the"}, {"start": "00:03:17", "end": "00:03:20", "text": "upside, in fact, okay? It could break to"}, {"start": "00:03:19", "end": "00:03:21", "text": "the downside, but there's also a really,"}, {"start": "00:03:20", "end": "00:03:23", "text": "really good chance it'll just break to"}, {"start": "00:03:21", "end": "00:03:26", "text": "the upside until all the bears are"}, {"start": "00:03:23", "end": "00:03:27", "text": "decimated and then you get a drop."}, {"start": "00:03:26", "end": "00:03:30", "text": "But"}, {"start": "00:03:27", "end": "00:03:31", "text": "what I could see happening"}, {"start": "00:03:30", "end": "00:03:33", "text": "is we are, you know, we are getting"}, {"start": "00:03:31", "end": "00:03:36", "text": "close to some levels where you if that"}, {"start": "00:03:33", "end": "00:03:38", "text": "S&P M2 correlation in time plays out,"}, {"start": "00:03:36", "end": "00:03:41", "text": "you might start to expect a small"}, {"start": "00:03:38", "end": "00:03:42", "text": "correction in the summer. Um sometime in"}, {"start": "00:03:41", "end": "00:03:46", "text": "the June-July time frame. A small"}, {"start": "00:03:42", "end": "00:03:47", "text": "correction, not yet a bigger one."}, {"start": "00:03:46", "end": "00:03:49", "text": "So,"}, {"start": "00:03:47", "end": "00:03:51", "text": "one of the things that we've seen with"}, {"start": "00:03:49", "end": "00:03:53", "text": "the stock market is that a lot of times"}, {"start": "00:03:51", "end": "00:03:55", "text": "it'll have a correction early in the"}, {"start": "00:03:53", "end": "00:03:57", "text": "year and then it'll have a correction"}, {"start": "00:03:55", "end": "00:03:59", "text": "later in the year in midterm years."}, {"start": "00:03:57", "end": "00:04:01", "text": "Okay? So, let's go through this."}, {"start": "00:03:59", "end": "00:04:03", "text": "In 2022, you can see there was a big"}, {"start": "00:04:01", "end": "00:04:05", "text": "correction in the early part of the year"}, {"start": "00:04:03", "end": "00:04:08", "text": "and then you had another major low that"}, {"start": "00:04:05", "end": "00:04:09", "text": "formed in the later part of the year."}, {"start": "00:04:08", "end": "00:04:11", "text": "This one was a little bit cleaner of"}, {"start": "00:04:09", "end": "00:04:13", "text": "just a bear market, but again, a big"}, {"start": "00:04:11", "end": "00:04:15", "text": "drop and then a rally and then another"}, {"start": "00:04:13", "end": "00:04:18", "text": "drop going into the second half of the"}, {"start": "00:04:15", "end": "00:04:19", "text": "year. In 2018, you had a very big drop"}, {"start": "00:04:18", "end": "00:04:21", "text": "at the beginning of the year. Trump was"}, {"start": "00:04:19", "end": "00:04:23", "text": "president. This was 2018, right? And"}, {"start": "00:04:21", "end": "00:04:25", "text": "then another big drop at the end of the"}, {"start": "00:04:23", "end": "00:04:27", "text": "year."}, {"start": "00:04:25", "end": "00:04:29", "text": "So, midterm years like to do that where"}, {"start": "00:04:27", "end": "00:04:31", "text": "you have a drop, you know, multiple"}, {"start": "00:04:29", "end": "00:04:34", "text": "drops throughout the year. You can see"}, {"start": "00:04:31", "end": "00:04:37", "text": "in late 2014, there was also a drop. If"}, {"start": "00:04:34", "end": "00:04:39", "text": "you look at the S&P M2 fractal, the next"}, {"start": "00:04:37", "end": "00:04:41", "text": "larger drop likely won't start until the"}, {"start": "00:04:39", "end": "00:04:43", "text": "third quarter of the year. So, what I"}, {"start": "00:04:41", "end": "00:04:47", "text": "could see happening is this. I can see a"}, {"start": "00:04:43", "end": "00:04:49", "text": "smaller drop happening in the summer"}, {"start": "00:04:47", "end": "00:04:51", "text": "and then a rebound and then a larger"}, {"start": "00:04:49", "end": "00:04:54", "text": "drop happening as we get later on into"}, {"start": "00:04:51", "end": "00:04:55", "text": "Q3 going into early Q4. And then after"}, {"start": "00:04:54", "end": "00:04:56", "text": "that, you might see a rebound once"}, {"start": "00:04:55", "end": "00:04:57", "text": "again."}, {"start": "00:04:56", "end": "00:05:00", "text": "But that's how I think this is going to"}, {"start": "00:04:57", "end": "00:05:02", "text": "play out. And the issue for Bitcoin, of"}, {"start": "00:05:00", "end": "00:05:03", "text": "course, is that it's had all this time"}, {"start": "00:05:02", "end": "00:05:04", "text": "to theoretically go to new all-time"}, {"start": "00:05:03", "end": "00:05:06", "text": "highs if it was going to, if the super"}, {"start": "00:05:04", "end": "00:05:08", "text": "cycle guys were right, but despite the"}, {"start": "00:05:06", "end": "00:05:09", "text": "fact that the S&P keeps putting in new"}, {"start": "00:05:08", "end": "00:05:12", "text": "all-time highs, Bitcoin keeps lagging."}, {"start": "00:05:09", "end": "00:05:14", "text": "The problem is that we're getting closer"}, {"start": "00:05:12", "end": "00:05:16", "text": "and closer and closer to a correction by"}, {"start": "00:05:14", "end": "00:05:19", "text": "the S&P 500, right? This is now how many"}, {"start": "00:05:16", "end": "00:05:21", "text": "weeks in a row? I mean, you know, seven,"}, {"start": "00:05:19", "end": "00:05:24", "text": "eight weeks in a row where the S&P has"}, {"start": "00:05:21", "end": "00:05:25", "text": "just gone up only and at some point,"}, {"start": "00:05:24", "end": "00:05:27", "text": "you're going to get at least a small"}, {"start": "00:05:25", "end": "00:05:29", "text": "drop and when that happens, it'll likely"}, {"start": "00:05:27", "end": "00:05:31", "text": "hit Bitcoin because Bitcoin's already"}, {"start": "00:05:29", "end": "00:05:33", "text": "been lagging. And so then when the lower"}, {"start": "00:05:31", "end": "00:05:35", "text": "risk stuff gets hit, that's when Bitcoin"}, {"start": "00:05:33", "end": "00:05:37", "text": "will often get hit even harder. Think"}, {"start": "00:05:35", "end": "00:05:40", "text": "about the people that bought altcoins in"}, {"start": "00:05:37", "end": "00:05:42", "text": "2023, 2024, and 2025. They basically"}, {"start": "00:05:40", "end": "00:05:44", "text": "just watched it bleed to Bitcoin. When"}, {"start": "00:05:42", "end": "00:05:45", "text": "Bitcoin would go up, it would lift the"}, {"start": "00:05:44", "end": "00:05:47", "text": "altcoin market with it, but the minute"}, {"start": "00:05:45", "end": "00:05:49", "text": "Bitcoin started dropping, altcoins would"}, {"start": "00:05:47", "end": "00:05:51", "text": "get annihilated. Now we're further down"}, {"start": "00:05:49", "end": "00:05:55", "text": "the risk curve. Now Bitcoin goes up when"}, {"start": "00:05:51", "end": "00:05:57", "text": "the stock market does, but because"}, {"start": "00:05:55", "end": "00:05:59", "text": "it's in a bear market, whenever the"}, {"start": "00:05:57", "end": "00:06:01", "text": "stock market then drops, Bitcoin then"}, {"start": "00:05:59", "end": "00:06:03", "text": "gets hit harder. So it it doesn't really"}, {"start": "00:06:01", "end": "00:06:04", "text": "participate in the rallies the same, but"}, {"start": "00:06:03", "end": "00:06:06", "text": "then when the stock market drops, it"}, {"start": "00:06:04", "end": "00:06:08", "text": "goes even lower. That's how it played"}, {"start": "00:06:06", "end": "00:06:10", "text": "out in 2018, you know? The stock market"}, {"start": "00:06:08", "end": "00:06:12", "text": "had two drops."}, {"start": "00:06:10", "end": "00:06:14", "text": "And you know, the second drop wasn't"}, {"start": "00:06:12", "end": "00:06:16", "text": "that much lower than the first drop, but"}, {"start": "00:06:14", "end": "00:06:19", "text": "Bitcoin went a lot lower on the second"}, {"start": "00:06:16", "end": "00:06:21", "text": "drop by the S&P. So the same thing"}, {"start": "00:06:19", "end": "00:06:22", "text": "happened by the way in 2022 as well. So"}, {"start": "00:06:21", "end": "00:06:24", "text": "I think what's likely going to happen"}, {"start": "00:06:22", "end": "00:06:26", "text": "again for the S&P, again just"}, {"start": "00:06:24", "end": "00:06:28", "text": "spitballing dubious speculation. I'm not"}, {"start": "00:06:26", "end": "00:06:30", "text": "like trading these ideas. I've I've I've"}, {"start": "00:06:28", "end": "00:06:32", "text": "actually still own all my index funds"}, {"start": "00:06:30", "end": "00:06:34", "text": "international and domestic. More bullish"}, {"start": "00:06:32", "end": "00:06:37", "text": "on international at this point. But"}, {"start": "00:06:34", "end": "00:06:41", "text": "until you start to see a distributive"}, {"start": "00:06:37", "end": "00:06:44", "text": "top, it's hard to fade, right? It's hard"}, {"start": "00:06:41", "end": "00:06:46", "text": "to fade. So what I'm looking for is a"}, {"start": "00:06:44", "end": "00:06:48", "text": "small drop kind of in the June-July time"}, {"start": "00:06:46", "end": "00:06:50", "text": "frame. Probably June if I had to guess."}, {"start": "00:06:48", "end": "00:06:53", "text": "And then a rebound and then maybe a"}, {"start": "00:06:50", "end": "00:06:57", "text": "larger drop starting in September. Maybe"}, {"start": "00:06:53", "end": "00:06:59", "text": "August, but September seems to be"}, {"start": "00:06:57", "end": "00:07:01", "text": "an okay bet as well. If you look at"}, {"start": "00:06:59", "end": "00:07:03", "text": "2018, you can see it started"}, {"start": "00:07:01", "end": "00:07:06", "text": "in September. The S&P M2 factor would"}, {"start": "00:07:03", "end": "00:07:08", "text": "actually correspond to September."}, {"start": "00:07:06", "end": "00:07:10", "text": "And you know, if that is the case, we"}, {"start": "00:07:08", "end": "00:07:11", "text": "know that Bitcoin, well we don't know,"}, {"start": "00:07:10", "end": "00:07:14", "text": "but I think Bitcoin might bottom in"}, {"start": "00:07:11", "end": "00:07:15", "text": "October. And so if the stock market were"}, {"start": "00:07:14", "end": "00:07:17", "text": "to top in September, then maybe Bitcoin"}, {"start": "00:07:15", "end": "00:07:19", "text": "would bottom out pretty quickly just"}, {"start": "00:07:17", "end": "00:07:22", "text": "because it would react to whatever the"}, {"start": "00:07:19", "end": "00:07:23", "text": "stock market's reacting to a lot quicker"}, {"start": "00:07:22", "end": "00:07:25", "text": "because it's just further up the risk"}, {"start": "00:07:23", "end": "00:07:26", "text": "curve. It would get hit a lot quicker"}, {"start": "00:07:25", "end": "00:07:28", "text": "than the stock market and potentially"}, {"start": "00:07:26", "end": "00:07:30", "text": "Bitcoin then finds that low"}, {"start": "00:07:28", "end": "00:07:33", "text": "sometime in the fourth quarter. Maybe as"}, {"start": "00:07:30", "end": "00:07:36", "text": "early as as October. So those are my"}, {"start": "00:07:33", "end": "00:07:37", "text": "thoughts on on the stock market."}, {"start": "00:07:36", "end": "00:07:39", "text": "And you know, if you if you want to look"}, {"start": "00:07:37", "end": "00:07:41", "text": "at other things like energy and"}, {"start": "00:07:39", "end": "00:07:44", "text": "manufacturing, I do spend a lot of time"}, {"start": "00:07:41", "end": "00:07:45", "text": "talking about that over in ITC premium."}, {"start": "00:07:44", "end": "00:07:46", "text": "So I would encourage you guys to go"}, {"start": "00:07:45", "end": "00:07:47", "text": "check that out. There's a lot of"}, {"start": "00:07:46", "end": "00:07:48", "text": "mechanics and how these things work and"}, {"start": "00:07:47", "end": "00:07:50", "text": "if you're getting bored of the markets"}, {"start": "00:07:48", "end": "00:07:51", "text": "because you only care about crypto and"}, {"start": "00:07:50", "end": "00:07:53", "text": "crypto's not doing that well, there's"}, {"start": "00:07:51", "end": "00:07:55", "text": "been a lot of money to be made in other"}, {"start": "00:07:53", "end": "00:07:56", "text": "parts of the markets. You just have to"}, {"start": "00:07:55", "end": "00:07:58", "text": "be knowing you just have to know where"}, {"start": "00:07:56", "end": "00:07:59", "text": "to look and you have to be willing to"}, {"start": "00:07:58", "end": "00:08:01", "text": "not marry an asset class and not just"}, {"start": "00:07:59", "end": "00:08:03", "text": "marry the crypto asset class and only"}, {"start": "00:08:01", "end": "00:08:06", "text": "care about crypto, but to recognize that"}, {"start": "00:08:03", "end": "00:08:09", "text": "you can actually have a portfolio that"}, {"start": "00:08:06", "end": "00:08:11", "text": "grows with time most years by just"}, {"start": "00:08:09", "end": "00:08:14", "text": "having a diversified portfolio. That"}, {"start": "00:08:11", "end": "00:08:16", "text": "doesn't mean you can't ever take strong"}, {"start": "00:08:14", "end": "00:08:18", "text": "directional bets on a couple of names,"}, {"start": "00:08:16", "end": "00:08:20", "text": "right? Like I've done that before, but"}, {"start": "00:08:18", "end": "00:08:22", "text": "there's also nothing wrong with having"}, {"start": "00:08:20", "end": "00:08:25", "text": "some of your portfolio"}, {"start": "00:08:22", "end": "00:08:27", "text": "diversified so that it can weather the"}, {"start": "00:08:25", "end": "00:08:28", "text": "storms. If you're all in on crypto going"}, {"start": "00:08:27", "end": "00:08:30", "text": "into a midterm year, it tends to not"}, {"start": "00:08:28", "end": "00:08:32", "text": "work out that great. Whereas if you have"}, {"start": "00:08:30", "end": "00:08:34", "text": "some exposure to metals and then stocks,"}, {"start": "00:08:32", "end": "00:08:37", "text": "it then tends to actually give you much"}, {"start": "00:08:34", "end": "00:08:38", "text": "better results. So those are my views."}, {"start": "00:08:37", "end": "00:08:39", "text": "Thank you guys for tuning in. Make sure"}, {"start": "00:08:38", "end": "00:08:42", "text": "you subscribe, give the video a thumbs"}, {"start": "00:08:39", "end": "00:08:43", "text": "up, check out the recent reports we put"}, {"start": "00:08:42", "end": "00:08:47", "text": "out at benjamincowen.com,"}, {"start": "00:08:43", "end": "00:08:47", "text": "and I will see you next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "We're going to be providing the evidence"}, {"start": "00:00:02", "end": "00:00:06", "text": "for why the four-year cycle is not dead."}, {"start": "00:00:06", "end": "00:00:08", "text": "So,"}, {"start": "00:00:06", "end": "00:00:12", "text": "the idea behind the four-year cycle for"}, {"start": "00:00:08", "end": "00:00:15", "text": "Bitcoin is that there's this"}, {"start": "00:00:12", "end": "00:00:19", "text": "cycle that exists where Bitcoin finds a"}, {"start": "00:00:15", "end": "00:00:22", "text": "low approximately every four years."}, {"start": "00:00:19", "end": "00:00:24", "text": "You'll find a low near the end of 2014."}, {"start": "00:00:22", "end": "00:00:26", "text": "Technically, it was the very beginning"}, {"start": "00:00:24", "end": "00:00:27", "text": "of 2015,"}, {"start": "00:00:26", "end": "00:00:29", "text": "but"}, {"start": "00:00:27", "end": "00:00:33", "text": "more or less, the end of 2014, the end"}, {"start": "00:00:29", "end": "00:00:37", "text": "of 2018, the end of 2022,"}, {"start": "00:00:33", "end": "00:00:40", "text": "and I've I've speculated for a while now"}, {"start": "00:00:37", "end": "00:00:42", "text": "that the next low would probably be near"}, {"start": "00:00:40", "end": "00:00:45", "text": "the end of 2026,"}, {"start": "00:00:42", "end": "00:00:46", "text": "okay? So, we talked about that a lot,"}, {"start": "00:00:45", "end": "00:00:49", "text": "and who knows exactly where the low"}, {"start": "00:00:46", "end": "00:00:54", "text": "would be, but it's not really a price,"}, {"start": "00:00:49", "end": "00:00:54", "text": "it's more so a time that's important."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "I believe the four-year cycle is still"}, {"start": "00:00:02", "end": "00:00:07", "text": "alive"}, {"start": "00:00:04", "end": "00:00:09", "text": "and that saying it is dead is actually"}, {"start": "00:00:07", "end": "00:00:11", "text": "ignoring a majority of the data. In"}, {"start": "00:00:09", "end": "00:00:15", "text": "fact, if you look at this drop compared"}, {"start": "00:00:11", "end": "00:00:17", "text": "to say the one from 2014,"}, {"start": "00:00:15", "end": "00:00:19", "text": "it's not that different. In fact, as"}, {"start": "00:00:17", "end": "00:00:21", "text": "measured from the high at this point in"}, {"start": "00:00:19", "end": "00:00:22", "text": "2014,"}, {"start": "00:00:21", "end": "00:00:24", "text": "not as measured from the high, as"}, {"start": "00:00:22", "end": "00:00:25", "text": "measured from the yearly open, because"}, {"start": "00:00:24", "end": "00:00:27", "text": "there was a big drop in late 2013, but"}, {"start": "00:00:25", "end": "00:00:30", "text": "as measured from the yearly open,"}, {"start": "00:00:27", "end": "00:00:33", "text": "Bitcoin back then was down was at 0.54."}, {"start": "00:00:30", "end": "00:00:36", "text": "We're currently at 62. It's not really"}, {"start": "00:00:33", "end": "00:00:38", "text": "that different. And if this lines up,"}, {"start": "00:00:36", "end": "00:00:40", "text": "then the next low could be around the"}, {"start": "00:00:38", "end": "00:00:43", "text": "October time frame. Maybe a local low in"}, {"start": "00:00:40", "end": "00:00:45", "text": "June, uh, and then another low in"}, {"start": "00:00:43", "end": "00:00:47", "text": "October. There's still enough evidence"}, {"start": "00:00:45", "end": "00:00:50", "text": "to suggest that the 4-year cycle is not"}, {"start": "00:00:47", "end": "00:00:50", "text": "dead."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "But I think space is the place a little"}, {"start": "00:00:01", "end": "00:00:05", "text": "bit of pun intended there because again"}, {"start": "00:00:03", "end": "00:00:07", "text": "if you want to realize this AI"}, {"start": "00:00:05", "end": "00:00:09", "text": "revolution fully, if you want to think"}, {"start": "00:00:07", "end": "00:00:11", "text": "about nextgen technologies and sort of"}, {"start": "00:00:09", "end": "00:00:13", "text": "where the next frontier is in terms of"}, {"start": "00:00:11", "end": "00:00:15", "text": "industrial production and national"}, {"start": "00:00:13", "end": "00:00:18", "text": "security and all the different things"}, {"start": "00:00:15", "end": "00:00:20", "text": "that make, you know, a country and a"}, {"start": "00:00:18", "end": "00:00:21", "text": "species great like it's the higher"}, {"start": "00:00:20", "end": "00:00:23", "text": "ground. It's going to be space."}, {"start": "00:00:21", "end": "00:00:24", "text": ">> What's going on, guys? Today we've got a"}, {"start": "00:00:23", "end": "00:00:27", "text": "very special treat. We have Morgan"}, {"start": "00:00:24", "end": "00:00:28", "text": "Brennan. She is the anchor of CNBC's hit"}, {"start": "00:00:27", "end": "00:00:30", "text": "show Morning Call. And in this"}, {"start": "00:00:28", "end": "00:00:32", "text": "conversation, we talk about the SpaceX"}, {"start": "00:00:30", "end": "00:00:34", "text": "IPO, what's going on in defense tech,"}, {"start": "00:00:32", "end": "00:00:37", "text": "why space has become an investable asset"}, {"start": "00:00:34", "end": "00:00:38", "text": "class, how America has taken back energy"}, {"start": "00:00:37", "end": "00:00:40", "text": "dominance, what is going on with"}, {"start": "00:00:38", "end": "00:00:42", "text": "spectrum, and why is it all of a sudden"}, {"start": "00:00:40", "end": "00:00:43", "text": "the hottest commodity in AI, and then"}, {"start": "00:00:42", "end": "00:00:45", "text": "she gives us her thoughts on the"}, {"start": "00:00:43", "end": "00:00:46", "text": "intersection of private business and the"}, {"start": "00:00:45", "end": "00:00:47", "text": "government and how they're allocating"}, {"start": "00:00:46", "end": "00:00:49", "text": "capital and what it can mean for your"}, {"start": "00:00:47", "end": "00:00:51", "text": "portfolio. Here's my latest conversation"}, {"start": "00:00:49", "end": "00:00:53", "text": "with Morgan Brennan. Morgan, let's start"}, {"start": "00:00:51", "end": "00:00:55", "text": "with the SpaceX IPO. This is probably"}, {"start": "00:00:53", "end": "00:00:56", "text": "one of the most anticipated IPOs in"}, {"start": "00:00:55", "end": "00:00:57", "text": "history. It's definitely going to be the"}, {"start": "00:00:56", "end": "00:00:59", "text": "largest one. What are you hearing from"}, {"start": "00:00:57", "end": "00:01:00", "text": "people in terms of things investors"}, {"start": "00:00:59", "end": "00:01:01", "text": "should be paying attention to?"}, {"start": "00:01:00", "end": "00:01:04", "text": ">> Yeah. Well, I think it's on track for"}, {"start": "00:01:01", "end": "00:01:06", "text": "June 12th IPO listing day. That's as of"}, {"start": "00:01:04", "end": "00:01:07", "text": "right now, um, according to what I have"}, {"start": "00:01:06", "end": "00:01:10", "text": "heard and what I have seen. And you're"}, {"start": "00:01:07", "end": "00:01:12", "text": "looking at the largest public offering"}, {"start": "00:01:10", "end": "00:01:14", "text": "in the history of the world, both on and"}, {"start": "00:01:12", "end": "00:01:16", "text": "off the planet. And it's SpaceX. It's,"}, {"start": "00:01:14", "end": "00:01:18", "text": "you know, there's something for everyone"}, {"start": "00:01:16", "end": "00:01:21", "text": "here. It is a new tech company. Um, and"}, {"start": "00:01:18", "end": "00:01:24", "text": "if you thought Tesla was a situation"}, {"start": "00:01:21", "end": "00:01:27", "text": "where you're, you know, buying the"}, {"start": "00:01:24", "end": "00:01:29", "text": "founder and holding for the vision and"}, {"start": "00:01:27", "end": "00:01:31", "text": "the future, SpaceX is that on steroids."}, {"start": "00:01:29", "end": "00:01:32", "text": ">> Now, a lot of folks, I think they've"}, {"start": "00:01:31", "end": "00:01:35", "text": "been talking about this total"}, {"start": "00:01:32", "end": "00:01:36", "text": "addressable market slide. And the space"}, {"start": "00:01:35", "end": "00:01:38", "text": "component of it is pretty small. The"}, {"start": "00:01:36", "end": "00:01:40", "text": "more you get into the enterprise AI or"}, {"start": "00:01:38", "end": "00:01:42", "text": "the orbital data centers, kind of things"}, {"start": "00:01:40", "end": "00:01:44", "text": "that are in the future, the more excited"}, {"start": "00:01:42", "end": "00:01:47", "text": "people get. Uh, Elon's not dumb. He's"}, {"start": "00:01:44", "end": "00:01:48", "text": "very good at doing this and he is really"}, {"start": "00:01:47", "end": "00:01:50", "text": "pinning this not don't judge us on what"}, {"start": "00:01:48", "end": "00:01:51", "text": "we've already done, judge us on my"}, {"start": "00:01:50", "end": "00:01:54", "text": "ability to execute what we're going to"}, {"start": "00:01:51", "end": "00:01:56", "text": "do in the future. Are people buying it?"}, {"start": "00:01:54", "end": "00:01:57", "text": ">> I mean certainly on the secondary market"}, {"start": "00:01:56", "end": "00:02:00", "text": "that's been the case. I mean there's"}, {"start": "00:01:57", "end": "00:02:04", "text": "been so much excitement, exuberance for"}, {"start": "00:02:00", "end": "00:02:06", "text": "years by the way for SpaceX. Um anytime"}, {"start": "00:02:04", "end": "00:02:08", "text": "you've had any kind of you know uh"}, {"start": "00:02:06", "end": "00:02:09", "text": "shares offered on the secondary market"}, {"start": "00:02:08", "end": "00:02:12", "text": "they've just been snapped up and then"}, {"start": "00:02:09", "end": "00:02:13", "text": "some. Um, so I expect that you're going"}, {"start": "00:02:12", "end": "00:02:15", "text": "to see a similar type of exuberance when"}, {"start": "00:02:13", "end": "00:02:18", "text": "this does come to market and starts"}, {"start": "00:02:15", "end": "00:02:21", "text": "trading on the NASDAQ um, next month."}, {"start": "00:02:18", "end": "00:02:23", "text": "28.5 trillion. That's trillion with a T."}, {"start": "00:02:21", "end": "00:02:24", "text": "That's a total addressable market"}, {"start": "00:02:23", "end": "00:02:26", "text": "according to the perspectus. I mean"}, {"start": "00:02:24", "end": "00:02:28", "text": "there you it raises eyebrows. You can"}, {"start": "00:02:26", "end": "00:02:29", "text": "debate whether it's a real number or"}, {"start": "00:02:28", "end": "00:02:31", "text": "not, but to your point, I mean, the vast"}, {"start": "00:02:29", "end": "00:02:34", "text": "majority of that enterprise AI, but you"}, {"start": "00:02:31", "end": "00:02:36", "text": "need to realize the space component of"}, {"start": "00:02:34", "end": "00:02:37", "text": "this, the infrastructure component of"}, {"start": "00:02:36", "end": "00:02:39", "text": "this, those AI data centers in space,"}, {"start": "00:02:37", "end": "00:02:41", "text": "which is going to be a hard problem uh"}, {"start": "00:02:39", "end": "00:02:42", "text": "to fix. That's going to take, you know,"}, {"start": "00:02:41", "end": "00:02:43", "text": "Elon's saying two to three years. Others"}, {"start": "00:02:42", "end": "00:02:44", "text": "are going to say it's going to take"}, {"start": "00:02:43", "end": "00:02:45", "text": "longer. At some point, it will"}, {"start": "00:02:44", "end": "00:02:48", "text": "eventually happen, but it's probably"}, {"start": "00:02:45", "end": "00:02:50", "text": "years down the road um to actually get"}, {"start": "00:02:48", "end": "00:02:52", "text": "to realize all of that. Right now, the"}, {"start": "00:02:50", "end": "00:02:55", "text": "AI business itself is still the smallest"}, {"start": "00:02:52", "end": "00:02:56", "text": "business at SpaceX. It's really Starlink"}, {"start": "00:02:55", "end": "00:02:58", "text": "and what Starlink enables which is"}, {"start": "00:02:56", "end": "00:03:00", "text": "connectivity which a lot of people I"}, {"start": "00:02:58", "end": "00:03:02", "text": "don't think realize you need to have"}, {"start": "00:03:00", "end": "00:03:04", "text": "full and continuous connectivity to"}, {"start": "00:03:02", "end": "00:03:05", "text": "fully realize any kind of AI era or"}, {"start": "00:03:04", "end": "00:03:07", "text": "revolution."}, {"start": "00:03:05", "end": "00:03:09", "text": ">> Now Elon obviously has other businesses"}, {"start": "00:03:07", "end": "00:03:11", "text": "most notably Tesla. Uh Dan Ives was in"}, {"start": "00:03:09", "end": "00:03:12", "text": "here a few weeks ago and he says that"}, {"start": "00:03:11", "end": "00:03:14", "text": "there's Dan Ives."}, {"start": "00:03:12", "end": "00:03:17", "text": ">> Yeah. He says there's an 80% odds that"}, {"start": "00:03:14", "end": "00:03:20", "text": "Tesla and SpaceX merge by the end of"}, {"start": "00:03:17", "end": "00:03:21", "text": "2027. Do you think that's possible?"}, {"start": "00:03:20", "end": "00:03:23", "text": ">> I'm listen I don't know if it's by the"}, {"start": "00:03:21", "end": "00:03:25", "text": "end of 2027. Obviously, you have this"}, {"start": "00:03:23", "end": "00:03:28", "text": "dual class structure at SpaceX. It's"}, {"start": "00:03:25", "end": "00:03:30", "text": "going to give Elon a tremendous amount"}, {"start": "00:03:28", "end": "00:03:32", "text": "of control over the state of the"}, {"start": "00:03:30", "end": "00:03:34", "text": "company. Dan is not the only person, and"}, {"start": "00:03:32", "end": "00:03:36", "text": "I hear a lot of investors, longtime"}, {"start": "00:03:34", "end": "00:03:37", "text": "investors at SpaceX, who think this is"}, {"start": "00:03:36", "end": "00:03:39", "text": "something that will inevitably happen."}, {"start": "00:03:37", "end": "00:03:41", "text": "And when you think about, I would say"}, {"start": "00:03:39", "end": "00:03:43", "text": "the Musk Empire overall, all of them"}, {"start": "00:03:41", "end": "00:03:46", "text": "sort of get us to the same end point,"}, {"start": "00:03:43", "end": "00:03:48", "text": "which is humanity as an interplanetary,"}, {"start": "00:03:46", "end": "00:03:51", "text": "multilanetary species. every single one"}, {"start": "00:03:48", "end": "00:03:54", "text": "of the companies has some sort of part"}, {"start": "00:03:51", "end": "00:03:56", "text": "piece aspect to it that gets us there."}, {"start": "00:03:54", "end": "00:03:57", "text": ">> Now, I think that SpaceX going public,"}, {"start": "00:03:56", "end": "00:03:59", "text": "uh, a lot of people are still going to"}, {"start": "00:03:57", "end": "00:04:01", "text": "call it a space company even if AI is a"}, {"start": "00:03:59", "end": "00:04:02", "text": "big part of it or orbital data centers,"}, {"start": "00:04:01", "end": "00:04:04", "text": "etc. They're going to look at this as"}, {"start": "00:04:02", "end": "00:04:06", "text": "space. Uh, it seems like space as a"}, {"start": "00:04:04", "end": "00:04:07", "text": "theme is now almost becoming its own"}, {"start": "00:04:06", "end": "00:04:08", "text": "asset class and you've been covering"}, {"start": "00:04:07", "end": "00:04:09", "text": "this for a while."}, {"start": "00:04:08", "end": "00:04:11", "text": ">> I know. just having this conversation,"}, {"start": "00:04:09", "end": "00:04:12", "text": "especially just seeing like the NASDAQ"}, {"start": "00:04:11", "end": "00:04:14", "text": "and, you know, some of the other other"}, {"start": "00:04:12", "end": "00:04:16", "text": "indexes change rules around like, you"}, {"start": "00:04:14", "end": "00:04:17", "text": "know, what it's going to be to add some"}, {"start": "00:04:16", "end": "00:04:18", "text": "of these companies as they do come to"}, {"start": "00:04:17", "end": "00:04:22", "text": "market, whether it's a SpaceX or an"}, {"start": "00:04:18", "end": "00:04:24", "text": "OpenAI, Anthropic, etc. Um, where is a"}, {"start": "00:04:22", "end": "00:04:25", "text": "SpaceX going to sit in the S&P 500? What"}, {"start": "00:04:24", "end": "00:04:26", "text": "sector does it fall under? I mean, these"}, {"start": "00:04:25", "end": "00:04:28", "text": "are the types of questions that we"}, {"start": "00:04:26", "end": "00:04:30", "text": "haven't had to think about before"}, {"start": "00:04:28", "end": "00:04:32", "text": "because we haven't seen a space company"}, {"start": "00:04:30", "end": "00:04:33", "text": "that's actually come to market, let"}, {"start": "00:04:32", "end": "00:04:35", "text": "alone I mean, any company that's come to"}, {"start": "00:04:33", "end": "00:04:38", "text": "market at what could be a $2 trillion"}, {"start": "00:04:35", "end": "00:04:40", "text": "valuation, right? ultimately. Um, so"}, {"start": "00:04:38", "end": "00:04:42", "text": "yeah, it raises a lot of questions, but"}, {"start": "00:04:40", "end": "00:04:44", "text": "I think space is the place a little bit"}, {"start": "00:04:42", "end": "00:04:46", "text": "of pun intended there. Um, because"}, {"start": "00:04:44", "end": "00:04:48", "text": "again, if you want to realize this AI"}, {"start": "00:04:46", "end": "00:04:50", "text": "revolution fully, um, if you want to"}, {"start": "00:04:48", "end": "00:04:52", "text": "think about nextgen technologies and"}, {"start": "00:04:50", "end": "00:04:54", "text": "sort of where the next frontier is in"}, {"start": "00:04:52", "end": "00:04:57", "text": "terms of industrial"}, {"start": "00:04:54", "end": "00:04:59", "text": "production and national security and all"}, {"start": "00:04:57", "end": "00:05:02", "text": "the different things that make, you"}, {"start": "00:04:59", "end": "00:05:04", "text": "know, a country and a species great,"}, {"start": "00:05:02", "end": "00:05:07", "text": "like it's the higher ground. it's going"}, {"start": "00:05:04", "end": "00:05:08", "text": "to be space whether it's you know orbit"}, {"start": "00:05:07", "end": "00:05:11", "text": "whether it's the moon or ultimately"}, {"start": "00:05:08", "end": "00:05:12", "text": "perhaps potentially Mars that feels like"}, {"start": "00:05:11", "end": "00:05:13", "text": "it's still a ways away."}, {"start": "00:05:12", "end": "00:05:15", "text": ">> What's interesting to me is the"}, {"start": "00:05:13", "end": "00:05:17", "text": "narrative has constantly evolved. So if"}, {"start": "00:05:15", "end": "00:05:19", "text": "you really go back like maybe the first"}, {"start": "00:05:17", "end": "00:05:21", "text": "commercial use of space was GPS and it's"}, {"start": "00:05:19", "end": "00:05:23", "text": "obviously been incredibly impactful."}, {"start": "00:05:21", "end": "00:05:24", "text": "Then we really started thinking about"}, {"start": "00:05:23", "end": "00:05:26", "text": "like how do we go out right so let's go"}, {"start": "00:05:24", "end": "00:05:29", "text": "visit the moon let's go settle on Mars"}, {"start": "00:05:26", "end": "00:05:30", "text": "etc. Now there's a lot more conversation"}, {"start": "00:05:29", "end": "00:05:32", "text": "about like what can we do in space to"}, {"start": "00:05:30", "end": "00:05:34", "text": "benefit back to uh earth and the first"}, {"start": "00:05:32", "end": "00:05:35", "text": "time I heard this was Varta uh these"}, {"start": "00:05:34", "end": "00:05:36", "text": "guys want to do the pharmaceutical"}, {"start": "00:05:35", "end": "00:05:38", "text": "manufacturing in space"}, {"start": "00:05:36", "end": "00:05:39", "text": ">> they're doing great stuff and quickly"}, {"start": "00:05:38", "end": "00:05:41", "text": ">> I'm an investor I'm very happy with what"}, {"start": "00:05:39", "end": "00:05:43", "text": "they are doing they're doing fantastic"}, {"start": "00:05:41", "end": "00:05:45", "text": "job um but I think that the orbital data"}, {"start": "00:05:43", "end": "00:05:46", "text": "centers Starlink right now you're"}, {"start": "00:05:45", "end": "00:05:48", "text": "starting to get more and more things of"}, {"start": "00:05:46", "end": "00:05:50", "text": "like what can we put in space to bring"}, {"start": "00:05:48", "end": "00:05:52", "text": "back to earth and so do you think that"}, {"start": "00:05:50", "end": "00:05:55", "text": "that diminishes some of the like desire"}, {"start": "00:05:52", "end": "00:05:56", "text": "to go to Mars or the moon base or you"}, {"start": "00:05:55", "end": "00:05:58", "text": "know some of these things where it was"}, {"start": "00:05:56", "end": "00:06:00", "text": "like go out and now a lot of the"}, {"start": "00:05:58", "end": "00:06:01", "text": "conversation and the investment case is"}, {"start": "00:06:00", "end": "00:06:03", "text": "really what can we do in space to bring"}, {"start": "00:06:01", "end": "00:06:05", "text": "back to earth. You know, I actually"}, {"start": "00:06:03", "end": "00:06:07", "text": "think that if you look at the history of"}, {"start": "00:06:05", "end": "00:06:09", "text": "space, whether it's government funded"}, {"start": "00:06:07", "end": "00:06:11", "text": "space programs like Apollo or even now"}, {"start": "00:06:09", "end": "00:06:13", "text": "this commercial era of um you know,"}, {"start": "00:06:11", "end": "00:06:14", "text": "space exploration and in space"}, {"start": "00:06:13", "end": "00:06:15", "text": "manufacturing, which is one of the"}, {"start": "00:06:14", "end": "00:06:16", "text": "things you're touching on with Varta and"}, {"start": "00:06:15", "end": "00:06:18", "text": "some of the other stuff that's starting"}, {"start": "00:06:16", "end": "00:06:19", "text": "to arise here, even the idea of"}, {"start": "00:06:18", "end": "00:06:21", "text": "colonizing the moon and having a"}, {"start": "00:06:19", "end": "00:06:23", "text": "permanent lunar outpost, which NASA just"}, {"start": "00:06:21", "end": "00:06:25", "text": "this week is expected to unveil more of"}, {"start": "00:06:23", "end": "00:06:25", "text": "its plans around this $20 billion"}, {"start": "00:06:25", "end": "00:06:27", "text": "investment and how they're going to"}, {"start": "00:06:25", "end": "00:06:29", "text": "bring in commercial entities to help"}, {"start": "00:06:27", "end": "00:06:33", "text": "build this out and realize this all of"}, {"start": "00:06:29", "end": "00:06:35", "text": "it through the history of the US, we'll"}, {"start": "00:06:33", "end": "00:06:38", "text": "say, being on the forefront of of all of"}, {"start": "00:06:35", "end": "00:06:39", "text": "this, of the space activity. Um, and and"}, {"start": "00:06:38", "end": "00:06:42", "text": "really, I think, for humans in general,"}, {"start": "00:06:39", "end": "00:06:43", "text": "has been about how you benefit humanity"}, {"start": "00:06:42", "end": "00:06:44", "text": "back on Earth. And we wouldn't have"}, {"start": "00:06:43", "end": "00:06:46", "text": "iPhones. We wouldn't even have"}, {"start": "00:06:44", "end": "00:06:47", "text": "semiconductors if it wasn't for space"}, {"start": "00:06:46", "end": "00:06:50", "text": "and some of these programs that date"}, {"start": "00:06:47", "end": "00:06:51", "text": "back many decades. GPS is a great"}, {"start": "00:06:50", "end": "00:06:52", "text": "example of this. But I think at the end"}, {"start": "00:06:51", "end": "00:06:54", "text": "of the day, I mean, in space"}, {"start": "00:06:52", "end": "00:06:56", "text": "manufacturing, you think about what's"}, {"start": "00:06:54", "end": "00:06:59", "text": "what it's going to unlock in terms of,"}, {"start": "00:06:56", "end": "00:07:00", "text": "you know, pharmaceutical innovations and"}, {"start": "00:06:59", "end": "00:07:03", "text": "medical innovations. Just the idea of"}, {"start": "00:07:00", "end": "00:07:05", "text": "being able to 3D print organs using your"}, {"start": "00:07:03", "end": "00:07:06", "text": "own stem cells, bring them back to"}, {"start": "00:07:05", "end": "00:07:08", "text": "Earth, and you don't have to worry about"}, {"start": "00:07:06", "end": "00:07:10", "text": "whether your body is going to take the"}, {"start": "00:07:08", "end": "00:07:12", "text": "liver transplant. Like, this is on the"}, {"start": "00:07:10", "end": "00:07:15", "text": "horizon. It's coming much sooner than"}, {"start": "00:07:12", "end": "00:07:17", "text": "people realize. Um, and there is a huge"}, {"start": "00:07:15", "end": "00:07:19", "text": "business and investor case around all of"}, {"start": "00:07:17", "end": "00:07:21", "text": "it and unlocking all of it. And I think"}, {"start": "00:07:19", "end": "00:07:23", "text": "that's a key piece of this SpaceX story"}, {"start": "00:07:21", "end": "00:07:25", "text": "is space. What SpaceX has done to drive"}, {"start": "00:07:23", "end": "00:07:27", "text": "down launch costs and allow more of"}, {"start": "00:07:25", "end": "00:07:28", "text": "these companies to access space to do"}, {"start": "00:07:27", "end": "00:07:30", "text": "more of these things to benefit"}, {"start": "00:07:28", "end": "00:07:31", "text": "humanity. that is the moat at SpaceX"}, {"start": "00:07:30", "end": "00:07:32", "text": "even if it's not a big part of the"}, {"start": "00:07:31", "end": "00:07:34", "text": "valuation today."}, {"start": "00:07:32", "end": "00:07:35", "text": ">> What I find fascinating is also the"}, {"start": "00:07:34", "end": "00:07:37", "text": "government's very involved in this. So"}, {"start": "00:07:35", "end": "00:07:38", "text": "obviously the the critics will yell and"}, {"start": "00:07:37", "end": "00:07:40", "text": "scream and say SpaceX was built with"}, {"start": "00:07:38", "end": "00:07:42", "text": "government funding which put aside the"}, {"start": "00:07:40", "end": "00:07:43", "text": "kind of absurdity of that claim but they"}, {"start": "00:07:42", "end": "00:07:46", "text": "definitely did get grants and they've"}, {"start": "00:07:43", "end": "00:07:48", "text": "won money from NASA or the government"}, {"start": "00:07:46", "end": "00:07:50", "text": "etc. Uh but more importantly is take"}, {"start": "00:07:48", "end": "00:07:51", "text": "Varta as another example. When they were"}, {"start": "00:07:50", "end": "00:07:53", "text": "waiting to bring back the very first"}, {"start": "00:07:51", "end": "00:07:54", "text": "capsule, they kind of got stuck out"}, {"start": "00:07:53", "end": "00:07:56", "text": "there for a little bit, right? And they"}, {"start": "00:07:54", "end": "00:07:58", "text": "were waiting for the approval to then"}, {"start": "00:07:56", "end": "00:07:59", "text": "re-enter. And so it does"}, {"start": "00:07:58", "end": "00:08:00", "text": ">> it's a wild story with the regulators."}, {"start": "00:07:59", "end": "00:08:02", "text": "The FAA didn't know how to handle it"}, {"start": "00:08:00", "end": "00:08:02", "text": "because they'd never seen anything like"}, {"start": "00:08:02", "end": "00:08:04", "text": "that before."}, {"start": "00:08:02", "end": "00:08:05", "text": ">> Yeah. And so like to me it's kind of"}, {"start": "00:08:04", "end": "00:08:07", "text": "this interesting thing of like you have"}, {"start": "00:08:05", "end": "00:08:09", "text": "private enterprise that is driving all"}, {"start": "00:08:07", "end": "00:08:10", "text": "this innovation. It's obviously very"}, {"start": "00:08:09", "end": "00:08:12", "text": "helpful for the United States and for"}, {"start": "00:08:10", "end": "00:08:13", "text": "the cost of this entire industry, but at"}, {"start": "00:08:12", "end": "00:08:14", "text": "the same time, you still have the"}, {"start": "00:08:13", "end": "00:08:16", "text": "government and, you know, there's an"}, {"start": "00:08:14", "end": "00:08:17", "text": "element of like the government wants"}, {"start": "00:08:16", "end": "00:08:18", "text": "things not to collide in space. They"}, {"start": "00:08:17", "end": "00:08:19", "text": "want to make sure that you're doing"}, {"start": "00:08:18", "end": "00:08:21", "text": "things the right way. If you're"}, {"start": "00:08:19", "end": "00:08:22", "text": "re-entering, they want to make sure you"}, {"start": "00:08:21", "end": "00:08:24", "text": "know where it's going to land and that"}, {"start": "00:08:22", "end": "00:08:26", "text": "it's safe and and kind of adheres to"}, {"start": "00:08:24", "end": "00:08:27", "text": "regulation. But private enterprise and"}, {"start": "00:08:26", "end": "00:08:29", "text": "the speed of innovation with like"}, {"start": "00:08:27", "end": "00:08:31", "text": "government bureaucracy seems to kind of"}, {"start": "00:08:29", "end": "00:08:33", "text": "be a mismatch that all of these"}, {"start": "00:08:31", "end": "00:08:35", "text": "companies are trying to navigate."}, {"start": "00:08:33", "end": "00:08:37", "text": ">> I think that's very true. It does seem"}, {"start": "00:08:35", "end": "00:08:38", "text": "like regulators are moving and moving"}, {"start": "00:08:37", "end": "00:08:40", "text": "more quickly. And that doesn't matter"}, {"start": "00:08:38", "end": "00:08:41", "text": "what your politics are or the"}, {"start": "00:08:40", "end": "00:08:43", "text": "administration that's in place. We've"}, {"start": "00:08:41", "end": "00:08:45", "text": "been, you know, seeing this pick up and"}, {"start": "00:08:43", "end": "00:08:48", "text": "um gain momentum in terms of how"}, {"start": "00:08:45", "end": "00:08:50", "text": "regulators are leaning into and I would"}, {"start": "00:08:48", "end": "00:08:52", "text": "just say government in general leaning"}, {"start": "00:08:50", "end": "00:08:54", "text": "into and partnering with and working"}, {"start": "00:08:52", "end": "00:08:56", "text": "with uh a lot of these commercial space"}, {"start": "00:08:54", "end": "00:08:58", "text": "companies to realize this future. I"}, {"start": "00:08:56", "end": "00:09:01", "text": "mean, great example of this is was it"}, {"start": "00:08:58", "end": "00:09:03", "text": "Trump won? You had low Earth orbit, you"}, {"start": "00:09:01", "end": "00:09:05", "text": "know, moves to commercialize low Earth"}, {"start": "00:09:03", "end": "00:09:07", "text": "orbit to unlock all of this investment"}, {"start": "00:09:05", "end": "00:09:08", "text": "into low Earth orbit and start for"}, {"start": "00:09:07", "end": "00:09:09", "text": "companies to start building out, you"}, {"start": "00:09:08", "end": "00:09:10", "text": "know, commercial space stations because"}, {"start": "00:09:09", "end": "00:09:12", "text": "we know the International Space Station"}, {"start": "00:09:10", "end": "00:09:14", "text": "is going to get retired hopefully by the"}, {"start": "00:09:12", "end": "00:09:16", "text": "end of this decade because it's aging"}, {"start": "00:09:14", "end": "00:09:18", "text": "out. Um, and create all this capacity to"}, {"start": "00:09:16", "end": "00:09:20", "text": "do things like inspace manufacturing"}, {"start": "00:09:18", "end": "00:09:23", "text": "that benefits people on Earth. Um, that"}, {"start": "00:09:20", "end": "00:09:24", "text": "wasn't happening 10 years ago, 15 years"}, {"start": "00:09:23", "end": "00:09:26", "text": "ago. Um, and now it is and now it's"}, {"start": "00:09:24", "end": "00:09:28", "text": "happening very quickly. And now you're"}, {"start": "00:09:26", "end": "00:09:30", "text": "starting to see it even now with NASA"}, {"start": "00:09:28", "end": "00:09:32", "text": "with Jared Isaacman at the helm uh at"}, {"start": "00:09:30", "end": "00:09:34", "text": "NASA who was a commercial a private"}, {"start": "00:09:32", "end": "00:09:37", "text": "astronaut and you know entrepreneur"}, {"start": "00:09:34", "end": "00:09:39", "text": "himself um starting to put a similar"}, {"start": "00:09:37", "end": "00:09:41", "text": "business plan I'd say public private"}, {"start": "00:09:39", "end": "00:09:44", "text": "partnership sort of ethos in place for"}, {"start": "00:09:41", "end": "00:09:45", "text": "this idea of lunar colonization. So I"}, {"start": "00:09:44", "end": "00:09:47", "text": "think it's coming. I think it's"}, {"start": "00:09:45", "end": "00:09:49", "text": "happening. It's gaining some momentum."}, {"start": "00:09:47", "end": "00:09:52", "text": "And now I think you unlock Wall Street,"}, {"start": "00:09:49", "end": "00:09:54", "text": "right? SpaceX IPO, but even you see this"}, {"start": "00:09:52", "end": "00:09:55", "text": "rerating happening with like space"}, {"start": "00:09:54", "end": "00:09:58", "text": "companies that are already publicly"}, {"start": "00:09:55", "end": "00:09:59", "text": "traded. It does feel like people are"}, {"start": "00:09:58", "end": "00:10:00", "text": "seizing onto the moment and there's"}, {"start": "00:09:59", "end": "00:10:02", "text": "plenty of capital there and that wasn't"}, {"start": "00:10:00", "end": "00:10:02", "text": "the case even just a couple of years"}, {"start": "00:10:02", "end": "00:10:04", "text": "ago."}, {"start": "00:10:02", "end": "00:10:06", "text": ">> I have a lot of friends who have"}, {"start": "00:10:04", "end": "00:10:07", "text": "invested in SpaceX. This is going to be"}, {"start": "00:10:06", "end": "00:10:09", "text": "good."}, {"start": "00:10:07", "end": "00:10:11", "text": ">> Maybe the greatest wealth creation event"}, {"start": "00:10:09", "end": "00:10:12", "text": "in Silicon Valley history or at least in"}, {"start": "00:10:11", "end": "00:10:15", "text": "modern history."}, {"start": "00:10:12", "end": "00:10:17", "text": ">> I think so. um you know $2 trillion that"}, {"start": "00:10:15", "end": "00:10:19", "text": "is going to uh either on paper or"}, {"start": "00:10:17", "end": "00:10:22", "text": "literally in cash be handed to a bunch"}, {"start": "00:10:19", "end": "00:10:23", "text": "of technology investors. What are people"}, {"start": "00:10:22", "end": "00:10:25", "text": "saying the ramifications of that is? I"}, {"start": "00:10:23", "end": "00:10:26", "text": "mean that's feels pretty powerful."}, {"start": "00:10:25", "end": "00:10:28", "text": ">> Well, and I think that's interesting"}, {"start": "00:10:26", "end": "00:10:30", "text": "too, right? Because there's a couple"}, {"start": "00:10:28", "end": "00:10:31", "text": "things I would say there. I think first"}, {"start": "00:10:30", "end": "00:10:34", "text": "is that you know they've adopted this"}, {"start": "00:10:31", "end": "00:10:37", "text": "very unusual lock up period process um"}, {"start": "00:10:34", "end": "00:10:39", "text": "which is going to enable a SpaceX to you"}, {"start": "00:10:37", "end": "00:10:40", "text": "know enter the NASDAQ index and do some"}, {"start": "00:10:39", "end": "00:10:42", "text": "of these other things and sort of you"}, {"start": "00:10:40", "end": "00:10:44", "text": "know have have the breath of its"}, {"start": "00:10:42", "end": "00:10:45", "text": "valuation be realized in a much more"}, {"start": "00:10:44", "end": "00:10:47", "text": "meaningful way across the market more"}, {"start": "00:10:45", "end": "00:10:50", "text": "broadly. Um, but it's going to also"}, {"start": "00:10:47", "end": "00:10:52", "text": "allow a lot of these early investors and"}, {"start": "00:10:50", "end": "00:10:54", "text": "employees to if certain milestones are"}, {"start": "00:10:52", "end": "00:10:56", "text": "are are hit and the stock price hits"}, {"start": "00:10:54", "end": "00:10:57", "text": "certain, you know, points along the way"}, {"start": "00:10:56", "end": "00:11:00", "text": "to be able to realize some of that"}, {"start": "00:10:57", "end": "00:11:02", "text": "wealth, not just, you know, on paper,"}, {"start": "00:11:00", "end": "00:11:03", "text": "but in reality. Um, and you've had a lot"}, {"start": "00:11:02", "end": "00:11:04", "text": "of folks who have been along for the"}, {"start": "00:11:03", "end": "00:11:06", "text": "ride with a lot of blood, sweat, and"}, {"start": "00:11:04", "end": "00:11:08", "text": "tears within SpaceX, a lot of brilliant"}, {"start": "00:11:06", "end": "00:11:09", "text": "minds. Um, and by the way, a lot of"}, {"start": "00:11:08", "end": "00:11:12", "text": "those companies, similar story at"}, {"start": "00:11:09", "end": "00:11:14", "text": "Palanteer, but a lot of those company, a"}, {"start": "00:11:12", "end": "00:11:16", "text": "lot of those people um, go out and we've"}, {"start": "00:11:14", "end": "00:11:18", "text": "already seen it over the last call it I"}, {"start": "00:11:16", "end": "00:11:19", "text": "don't know 10 years or so, they're going"}, {"start": "00:11:18", "end": "00:11:20", "text": "to go out and they're going to start"}, {"start": "00:11:19", "end": "00:11:22", "text": "their own companies."}, {"start": "00:11:20", "end": "00:11:24", "text": ">> And I almost think about them as like"}, {"start": "00:11:22", "end": "00:11:26", "text": "constellation. It's a constellation of"}, {"start": "00:11:24", "end": "00:11:28", "text": "startups that are orbiting SpaceX"}, {"start": "00:11:26", "end": "00:11:30", "text": ">> by engineers who have come out of SpaceX"}, {"start": "00:11:28", "end": "00:11:32", "text": "or the likes thereof. They know what's"}, {"start": "00:11:30", "end": "00:11:33", "text": "coming in terms of the technological"}, {"start": "00:11:32", "end": "00:11:34", "text": "capability and what something like a"}, {"start": "00:11:33", "end": "00:11:36", "text": "Starship is going to enable and bring"}, {"start": "00:11:34", "end": "00:11:40", "text": "online. And so they're creating that"}, {"start": "00:11:36", "end": "00:11:42", "text": "next wave of companies and technologies"}, {"start": "00:11:40", "end": "00:11:45", "text": "and innovations that are going to be"}, {"start": "00:11:42", "end": "00:11:46", "text": "necessary to meet that moment. And so I"}, {"start": "00:11:45", "end": "00:11:49", "text": "think I suspect you're going to see more"}, {"start": "00:11:46", "end": "00:11:50", "text": "of that wealth creation go into more of"}, {"start": "00:11:49", "end": "00:11:51", "text": "those types of entrepreneurial endeavors"}, {"start": "00:11:50", "end": "00:11:52", "text": "too."}, {"start": "00:11:51", "end": "00:11:54", "text": ">> What's fascinating to me is there's like"}, {"start": "00:11:52", "end": "00:11:55", "text": "a direct impact and an indirect impact."}, {"start": "00:11:54", "end": "00:11:57", "text": "So if you think of direct like Tom"}, {"start": "00:11:55", "end": "00:11:59", "text": "Mueller with Pulse Space, right? If you"}, {"start": "00:11:57", "end": "00:12:01", "text": "look at indirect, Blue Origin obviously"}, {"start": "00:11:59", "end": "00:12:02", "text": "is trying to compete with SpaceX. I"}, {"start": "00:12:01", "end": "00:12:04", "text": "think kind of drafting off of the same"}, {"start": "00:12:02", "end": "00:12:05", "text": "idea. But then you even look at things"}, {"start": "00:12:04", "end": "00:12:06", "text": "like maybe Anderil who kind of takes a"}, {"start": "00:12:05", "end": "00:12:08", "text": "little bit of SpaceX, a little bit of"}, {"start": "00:12:06", "end": "00:12:10", "text": "Palunteer and says, \"Hey, why don't we"}, {"start": "00:12:08", "end": "00:12:11", "text": "go do hardware for defense and it's"}, {"start": "00:12:10", "end": "00:12:14", "text": "possible now because venture capitalist"}, {"start": "00:12:11", "end": "00:12:16", "text": "will fund it etc. Y like"}, {"start": "00:12:14", "end": "00:12:17", "text": ">> it is pretty profound how this one"}, {"start": "00:12:16", "end": "00:12:20", "text": "company not only is it going to enrich a"}, {"start": "00:12:17", "end": "00:12:22", "text": "lot of people but it has kicked off an"}, {"start": "00:12:20", "end": "00:12:23", "text": "entire new cycle of innovation in the"}, {"start": "00:12:22", "end": "00:12:25", "text": "United States, right?"}, {"start": "00:12:23", "end": "00:12:26", "text": ">> It has kicked off an entire new cycle."}, {"start": "00:12:25", "end": "00:12:29", "text": "If it wasn't for SpaceX, if it wasn't"}, {"start": "00:12:26", "end": "00:12:30", "text": "for Palanteer, um you wouldn't have"}, {"start": "00:12:29", "end": "00:12:33", "text": "Andreal, you wouldn't have this sort and"}, {"start": "00:12:30", "end": "00:12:35", "text": "and and these new waves of defense tech"}, {"start": "00:12:33", "end": "00:12:37", "text": "companies and startups that are in the"}, {"start": "00:12:35", "end": "00:12:39", "text": "market and that are, you know, that"}, {"start": "00:12:37", "end": "00:12:41", "text": "investors are excited to part, you know,"}, {"start": "00:12:39", "end": "00:12:43", "text": "participate in funding rounds for and"}, {"start": "00:12:41", "end": "00:12:45", "text": "that are coming, you know, coming to the"}, {"start": "00:12:43", "end": "00:12:46", "text": "public markets in their own way, in"}, {"start": "00:12:45", "end": "00:12:48", "text": "their own right as well here, either"}, {"start": "00:12:46", "end": "00:12:49", "text": "currently or in the next couple of"}, {"start": "00:12:48", "end": "00:12:50", "text": "years, depending on the company and"}, {"start": "00:12:49", "end": "00:12:52", "text": "technology you're talking about. You"}, {"start": "00:12:50", "end": "00:12:54", "text": "also wouldn't have to go back to this"}, {"start": "00:12:52", "end": "00:12:56", "text": "idea of regulators and government, you"}, {"start": "00:12:54", "end": "00:12:58", "text": "know, partnerships. You wouldn't have"}, {"start": "00:12:56", "end": "00:13:00", "text": "governments getting involved in the"}, {"start": "00:12:58", "end": "00:13:01", "text": "midst of all the conflicts we've seen,"}, {"start": "00:13:00", "end": "00:13:04", "text": "including most recently this, you know,"}, {"start": "00:13:01", "end": "00:13:05", "text": "Iran war. um and leaning in and thinking"}, {"start": "00:13:04", "end": "00:13:09", "text": "differently about their acquisition"}, {"start": "00:13:05", "end": "00:13:10", "text": "processes and how they're um bringing"}, {"start": "00:13:09", "end": "00:13:12", "text": "more weapons and technologies and"}, {"start": "00:13:10", "end": "00:13:15", "text": "capabilities online if it wasn't for"}, {"start": "00:13:12", "end": "00:13:17", "text": "those startups in the first place"}, {"start": "00:13:15", "end": "00:13:18", "text": "saying, \"Hey, you have a problem you"}, {"start": "00:13:17", "end": "00:13:20", "text": "don't even really realize that you need"}, {"start": "00:13:18", "end": "00:13:21", "text": "to solve, but we're going to like invest"}, {"start": "00:13:20", "end": "00:13:25", "text": "our own money. we're going to present it"}, {"start": "00:13:21", "end": "00:13:26", "text": "to you and then leave it to you, the"}, {"start": "00:13:25", "end": "00:13:29", "text": "officials to, you know, the the"}, {"start": "00:13:26", "end": "00:13:30", "text": "government to think differently about"}, {"start": "00:13:29", "end": "00:13:32", "text": "how you're going to acquire this and"}, {"start": "00:13:30", "end": "00:13:33", "text": "test it out on the battlefield in a, you"}, {"start": "00:13:32", "end": "00:13:35", "text": "know, quicker, more effective, more"}, {"start": "00:13:33", "end": "00:13:36", "text": "affordable way. And so that process"}, {"start": "00:13:35", "end": "00:13:38", "text": "actually, like they call it the valley"}, {"start": "00:13:36", "end": "00:13:39", "text": "of death, but it was a very painful"}, {"start": "00:13:38", "end": "00:13:40", "text": "process for a couple of years. It's"}, {"start": "00:13:39", "end": "00:13:41", "text": "still kind of painful to work for the"}, {"start": "00:13:40", "end": "00:13:45", "text": "government, particularly I think on the"}, {"start": "00:13:41", "end": "00:13:46", "text": "DO side. Um, but it's not as painful as"}, {"start": "00:13:45", "end": "00:13:48", "text": "it was. Those companies couldn't have"}, {"start": "00:13:46", "end": "00:13:51", "text": "existed 10, 20 years ago. I mean, you"}, {"start": "00:13:48", "end": "00:13:53", "text": "needed a SpaceX to come in essentially"}, {"start": "00:13:51", "end": "00:13:57", "text": "and sue the government, sue the Air"}, {"start": "00:13:53", "end": "00:13:59", "text": "Force to be able to compete for a"}, {"start": "00:13:57", "end": "00:14:00", "text": "contract. That's what happened with"}, {"start": "00:13:59", "end": "00:14:02", "text": "SpaceX. That's how they were able to get"}, {"start": "00:14:00", "end": "00:14:03", "text": "a tow hold in and start being able to,"}, {"start": "00:14:02", "end": "00:14:04", "text": "you know, win government contracts. It's"}, {"start": "00:14:03", "end": "00:14:06", "text": "a pretty wild story."}, {"start": "00:14:04", "end": "00:14:08", "text": ">> Now, what I find interesting is I would"}, {"start": "00:14:06", "end": "00:14:10", "text": "make the argument that Peter Teal is the"}, {"start": "00:14:08", "end": "00:14:11", "text": "single most consequential person when it"}, {"start": "00:14:10", "end": "00:14:13", "text": "comes to national defense over the last"}, {"start": "00:14:11", "end": "00:14:15", "text": "20 years in America. I'll explain in a"}, {"start": "00:14:13", "end": "00:14:16", "text": "second, but I may even take it I think"}, {"start": "00:14:15", "end": "00:14:18", "text": "I'm picking up what you're putting down."}, {"start": "00:14:16", "end": "00:14:19", "text": "I may even take it a step further and"}, {"start": "00:14:18", "end": "00:14:22", "text": "say he's the most consequential person"}, {"start": "00:14:19", "end": "00:14:23", "text": "in America, period. Because if you look"}, {"start": "00:14:22", "end": "00:14:25", "text": "at it, he wrote the $10 million check to"}, {"start": "00:14:23", "end": "00:14:26", "text": "SpaceX that pretty much kept them in"}, {"start": "00:14:25", "end": "00:14:28", "text": "business if not, you know, made sure"}, {"start": "00:14:26", "end": "00:14:30", "text": "that they were successful. Palunteer"}, {"start": "00:14:28", "end": "00:14:32", "text": "literally comes out of his office. He's"}, {"start": "00:14:30", "end": "00:14:35", "text": "one of the co-founders. And Deril also"}, {"start": "00:14:32", "end": "00:14:36", "text": "same thing. The lineage of those three"}, {"start": "00:14:35", "end": "00:14:37", "text": "companies when you start getting into"}, {"start": "00:14:36", "end": "00:14:39", "text": "all the engineers who have left and"}, {"start": "00:14:37", "end": "00:14:41", "text": "taken the funding and and all that"}, {"start": "00:14:39", "end": "00:14:43", "text": "stuff. Then you have he was pretty much"}, {"start": "00:14:41", "end": "00:14:46", "text": "the only Silicon Valley, you know, kind"}, {"start": "00:14:43", "end": "00:14:47", "text": "of uh heavyweight who got behind Trump"}, {"start": "00:14:46", "end": "00:14:50", "text": "in the first term and end up Trump"}, {"start": "00:14:47", "end": "00:14:53", "text": "becomes president. JD Vance is a direct"}, {"start": "00:14:50", "end": "00:14:54", "text": "mentee of uh Teal. He ends up being the"}, {"start": "00:14:53", "end": "00:14:56", "text": "vice president. You sort of put all this"}, {"start": "00:14:54", "end": "00:14:58", "text": "together. Is that like a fair way to"}, {"start": "00:14:56", "end": "00:15:00", "text": "view this is that he is way more"}, {"start": "00:14:58", "end": "00:15:01", "text": "impactful and much more consequential to"}, {"start": "00:15:00", "end": "00:15:02", "text": "America than maybe people give him"}, {"start": "00:15:01", "end": "00:15:05", "text": "credit for?"}, {"start": "00:15:02", "end": "00:15:06", "text": ">> I think that's a very fair assessment. I"}, {"start": "00:15:05", "end": "00:15:10", "text": "think it's a very fair assessment. And I"}, {"start": "00:15:06", "end": "00:15:11", "text": "think when you look at where I talk"}, {"start": "00:15:10", "end": "00:15:13", "text": "about this a lot. I've said this to you"}, {"start": "00:15:11", "end": "00:15:14", "text": "before. Um I sort of see it as a"}, {"start": "00:15:13", "end": "00:15:17", "text": "triangle right now. We're in this moment"}, {"start": "00:15:14", "end": "00:15:19", "text": "as a triangle and it is you know there's"}, {"start": "00:15:17", "end": "00:15:24", "text": "the money bucket. It's investment. It's"}, {"start": "00:15:19", "end": "00:15:26", "text": "business. It's capital. Um there is the"}, {"start": "00:15:24", "end": "00:15:27", "text": "technology bucket and sort of where all"}, {"start": "00:15:26", "end": "00:15:30", "text": "you know where all of those capabilities"}, {"start": "00:15:27", "end": "00:15:31", "text": "and innovations are and are headed and"}, {"start": "00:15:30", "end": "00:15:32", "text": "then there's this policy bucket and how"}, {"start": "00:15:31", "end": "00:15:33", "text": "that interacts with the government or"}, {"start": "00:15:32", "end": "00:15:36", "text": "doesn't interact with the government and"}, {"start": "00:15:33", "end": "00:15:37", "text": "what that enables. And to me, the"}, {"start": "00:15:36", "end": "00:15:39", "text": "triangle, it's like we're somewhere in"}, {"start": "00:15:37", "end": "00:15:40", "text": "the middle. Everything's converging"}, {"start": "00:15:39", "end": "00:15:42", "text": "right now. And it's a moment where if"}, {"start": "00:15:40", "end": "00:15:43", "text": "you really want to understand the moment"}, {"start": "00:15:42", "end": "00:15:45", "text": "we're in and you really want to"}, {"start": "00:15:43", "end": "00:15:48", "text": "understand how to navigate it, how to"}, {"start": "00:15:45", "end": "00:15:50", "text": "cut through the nonsense or or the noise"}, {"start": "00:15:48", "end": "00:15:53", "text": "of politics and the politicization of"}, {"start": "00:15:50", "end": "00:15:56", "text": "everything and actually just focus on"}, {"start": "00:15:53", "end": "00:15:58", "text": "what it means to invest, follow the"}, {"start": "00:15:56", "end": "00:15:59", "text": "money, or sort of understand where"}, {"start": "00:15:58", "end": "00:16:01", "text": "technology is going and and and the path"}, {"start": "00:15:59", "end": "00:16:02", "text": "it'll take to get there. Like, you need"}, {"start": "00:16:01", "end": "00:16:04", "text": "to understand all those three things"}, {"start": "00:16:02", "end": "00:16:05", "text": "together. Um, and so yeah, I think"}, {"start": "00:16:04", "end": "00:16:06", "text": "that's a very fair assessment for"}, {"start": "00:16:05", "end": "00:16:08", "text": "somebody like Peter Teal. Um, because"}, {"start": "00:16:06", "end": "00:16:09", "text": "he's been very much on the forefront of"}, {"start": "00:16:08", "end": "00:16:12", "text": "this and has been not so different than"}, {"start": "00:16:09", "end": "00:16:14", "text": "Elon Musk, right? Like very um,"}, {"start": "00:16:12", "end": "00:16:15", "text": "long-term thinking in terms of and very"}, {"start": "00:16:14", "end": "00:16:17", "text": "much on the frontier in terms of, you"}, {"start": "00:16:15", "end": "00:16:18", "text": "know, uh, uh, laying the groundwork for"}, {"start": "00:16:17", "end": "00:16:20", "text": "where this could go in this moment that"}, {"start": "00:16:18", "end": "00:16:20", "text": "we find ourselves in. Now, you talk"}, {"start": "00:16:20", "end": "00:16:23", "text": "about something like"}, {"start": "00:16:20", "end": "00:16:26", "text": "re-industrialization. Um, defense tech,"}, {"start": "00:16:23", "end": "00:16:28", "text": "defense in general, national security in"}, {"start": "00:16:26", "end": "00:16:30", "text": "general is ground zero for how that"}, {"start": "00:16:28", "end": "00:16:32", "text": "plays out. You wouldn't have steel"}, {"start": "00:16:30", "end": "00:16:36", "text": "tariffs and aluminum tariffs in place"}, {"start": "00:16:32", "end": "00:16:38", "text": "for example if those didn't directly re"}, {"start": "00:16:36", "end": "00:16:42", "text": "you know didn't directly feed into this"}, {"start": "00:16:38", "end": "00:16:44", "text": "idea of resuscitating an American you"}, {"start": "00:16:42", "end": "00:16:46", "text": "know metal supply chain which is"}, {"start": "00:16:44", "end": "00:16:48", "text": "absolutely necessary to I don't know"}, {"start": "00:16:46", "end": "00:16:49", "text": "build ships for the navy which we don't"}, {"start": "00:16:48", "end": "00:16:51", "text": "have enough of."}, {"start": "00:16:49", "end": "00:16:53", "text": ">> Mhm. What's fascinating about the steel"}, {"start": "00:16:51", "end": "00:16:55", "text": "tariffs you go back to 2018 is that it"}, {"start": "00:16:53", "end": "00:16:56", "text": "wasn't so much like hey we can't build"}, {"start": "00:16:55", "end": "00:16:58", "text": "this here. It was just that we had less"}, {"start": "00:16:56", "end": "00:17:00", "text": "than 50% utilization of the existing"}, {"start": "00:16:58", "end": "00:17:02", "text": "capacity. And so I put in the tariffs in"}, {"start": "00:17:00", "end": "00:17:03", "text": "place. The goal was to get it over 80%."}, {"start": "00:17:02", "end": "00:17:05", "text": "It pretty much happened almost"}, {"start": "00:17:03", "end": "00:17:07", "text": "overnight. And so it was almost this"}, {"start": "00:17:05", "end": "00:17:08", "text": "like global competition game of like we"}, {"start": "00:17:07", "end": "00:17:10", "text": "have the capacity to do this here but"}, {"start": "00:17:08", "end": "00:17:12", "text": "because other countries are subsidizing"}, {"start": "00:17:10", "end": "00:17:14", "text": "the steel then that makes us"}, {"start": "00:17:12", "end": "00:17:17", "text": "uncompetitive on a global stage. And"}, {"start": "00:17:14", "end": "00:17:17", "text": ">> not other countries mainly China."}, {"start": "00:17:17", "end": "00:17:19", "text": ">> Yes."}, {"start": "00:17:17", "end": "00:17:20", "text": ">> Mainly China whether it's direct or"}, {"start": "00:17:19", "end": "00:17:22", "text": "indirect. Well, what what I find"}, {"start": "00:17:20", "end": "00:17:25", "text": "fascinating about it is if you go back"}, {"start": "00:17:22", "end": "00:17:27", "text": "to 2018, it was steel, solar panels, and"}, {"start": "00:17:25", "end": "00:17:28", "text": "washer machines. I mean, those were the"}, {"start": "00:17:27", "end": "00:17:31", "text": "three things. And Trump kind of it was"}, {"start": "00:17:28", "end": "00:17:33", "text": "almost like a a test run of the tariffs."}, {"start": "00:17:31", "end": "00:17:35", "text": "And then once he realized the impact,"}, {"start": "00:17:33", "end": "00:17:36", "text": "and you know, people always got very"}, {"start": "00:17:35", "end": "00:17:38", "text": "upset when he first came out with the"}, {"start": "00:17:36", "end": "00:17:40", "text": "tariffs in uh 2025, but I went back and"}, {"start": "00:17:38", "end": "00:17:42", "text": "I looked, every single one of those"}, {"start": "00:17:40", "end": "00:17:44", "text": "items was cheaper in the United States"}, {"start": "00:17:42", "end": "00:17:46", "text": "within 18 months. So you had the tariffs"}, {"start": "00:17:44", "end": "00:17:47", "text": "go in place and made the United States"}, {"start": "00:17:46", "end": "00:17:49", "text": "more competitive, production"}, {"start": "00:17:47", "end": "00:17:51", "text": "domestically went up and the prices went"}, {"start": "00:17:49", "end": "00:17:52", "text": "down. And I think that he took that. Now"}, {"start": "00:17:51", "end": "00:17:54", "text": "should he have taken that and said,"}, {"start": "00:17:52", "end": "00:17:56", "text": "\"Okay, let's just do it for every single"}, {"start": "00:17:54", "end": "00:17:58", "text": "thing and not be as much surgical.\" I"}, {"start": "00:17:56", "end": "00:18:01", "text": "think the jury is still out on that. But"}, {"start": "00:17:58", "end": "00:18:03", "text": "it does feel like Teal, Elon, many of"}, {"start": "00:18:01", "end": "00:18:06", "text": "the people who were coming from private"}, {"start": "00:18:03", "end": "00:18:07", "text": "industry were very much involved in"}, {"start": "00:18:06", "end": "00:18:09", "text": "that. Even if they didn't have official"}, {"start": "00:18:07", "end": "00:18:10", "text": "roles in the government, they were kind"}, {"start": "00:18:09", "end": "00:18:12", "text": "of in his ear saying, \"Look, we can do"}, {"start": "00:18:10", "end": "00:18:14", "text": "this in America.\" And that feels like"}, {"start": "00:18:12", "end": "00:18:16", "text": "probably one of the biggest, you know,"}, {"start": "00:18:14", "end": "00:18:17", "text": "zero to one moments over the last, I"}, {"start": "00:18:16", "end": "00:18:19", "text": "don't know, 15 years where we just"}, {"start": "00:18:17", "end": "00:18:21", "text": "decided, hey, we don't have to"}, {"start": "00:18:19", "end": "00:18:23", "text": "constantly buy into this narrative that"}, {"start": "00:18:21", "end": "00:18:26", "text": "only China can do it."}, {"start": "00:18:23", "end": "00:18:28", "text": ">> Yes. I would say yes. I would also say,"}, {"start": "00:18:26", "end": "00:18:29", "text": "you know, as somebody who's covered the"}, {"start": "00:18:28", "end": "00:18:32", "text": "industrial side of the economy and"}, {"start": "00:18:29", "end": "00:18:34", "text": "manufacturing at CNBC for 12 years now,"}, {"start": "00:18:32", "end": "00:18:35", "text": "before it was like fun and exciting and"}, {"start": "00:18:34", "end": "00:18:36", "text": "cool, which I feel like it's having its"}, {"start": "00:18:35", "end": "00:18:39", "text": "moment now. It is fun and exciting and"}, {"start": "00:18:36", "end": "00:18:41", "text": "cool. Um"}, {"start": "00:18:39", "end": "00:18:43", "text": "uh I mean I I would sit and have with a"}, {"start": "00:18:41", "end": "00:18:44", "text": "former CEO of Harley-Davidson. I would"}, {"start": "00:18:43", "end": "00:18:46", "text": "have multiple conversations over the"}, {"start": "00:18:44", "end": "00:18:48", "text": "course of years about where they're like"}, {"start": "00:18:46", "end": "00:18:50", "text": "we're having to open up another"}, {"start": "00:18:48", "end": "00:18:52", "text": "manufacturing site in I can't remember"}, {"start": "00:18:50", "end": "00:18:55", "text": "it was Indonesia somewhere somewhere in"}, {"start": "00:18:52", "end": "00:18:56", "text": "um East Asia because of the tariffs. So"}, {"start": "00:18:55", "end": "00:18:59", "text": "we have to you know produce locally so"}, {"start": "00:18:56", "end": "00:19:02", "text": "we can sell into these markets d and"}, {"start": "00:18:59", "end": "00:19:03", "text": "those markets those countries benefited."}, {"start": "00:19:02", "end": "00:19:05", "text": "Um, and so it was one of these things"}, {"start": "00:19:03", "end": "00:19:07", "text": "where it was like I'm not saying"}, {"start": "00:19:05", "end": "00:19:10", "text": "tariff's good or tariff's bad, but I'm"}, {"start": "00:19:07", "end": "00:19:12", "text": "just saying much more nuanced situation."}, {"start": "00:19:10", "end": "00:19:13", "text": "Um, and it depends on what what how"}, {"start": "00:19:12", "end": "00:19:15", "text": "you're defining success and what you"}, {"start": "00:19:13", "end": "00:19:18", "text": "want the outcome to be. And so this idea"}, {"start": "00:19:15", "end": "00:19:19", "text": "of like, oh, you know, tariffs are just"}, {"start": "00:19:18", "end": "00:19:21", "text": "blanket bad. They're the worst thing"}, {"start": "00:19:19", "end": "00:19:23", "text": "ever. No tariffs. Tariffs are bad. It's"}, {"start": "00:19:21", "end": "00:19:26", "text": "like, well, if they were so bad, then"}, {"start": "00:19:23", "end": "00:19:28", "text": "why are so many countries implementing"}, {"start": "00:19:26", "end": "00:19:30", "text": "them in certain ways to protect their"}, {"start": "00:19:28", "end": "00:19:33", "text": "own industries or foster their own"}, {"start": "00:19:30", "end": "00:19:36", "text": "manufacturing? you know, and industrial"}, {"start": "00:19:33", "end": "00:19:38", "text": "activity, etc. Um, and so I you can"}, {"start": "00:19:36", "end": "00:19:40", "text": "argue both sides of it, but this idea"}, {"start": "00:19:38", "end": "00:19:42", "text": "that it's, you know, that it's black and"}, {"start": "00:19:40", "end": "00:19:44", "text": "white is nonsense. And to your point,"}, {"start": "00:19:42", "end": "00:19:46", "text": "and you're seeing this now, right? Um,"}, {"start": "00:19:44", "end": "00:19:48", "text": "including with just in the macro data,"}, {"start": "00:19:46", "end": "00:19:50", "text": "like the US is h is handling everything"}, {"start": "00:19:48", "end": "00:19:51", "text": "we're seeing with a spike in energy"}, {"start": "00:19:50", "end": "00:19:53", "text": "prices and supply chain shocks much"}, {"start": "00:19:51", "end": "00:19:54", "text": "better and may not feel like that for"}, {"start": "00:19:53", "end": "00:19:55", "text": "consumers who are like, you know,"}, {"start": "00:19:54", "end": "00:19:57", "text": "filling up at the pump for Memorial Day"}, {"start": "00:19:55", "end": "00:19:59", "text": "weekend, but in general, the US is"}, {"start": "00:19:57", "end": "00:20:00", "text": "handling it much better than most of the"}, {"start": "00:19:59", "end": "00:20:03", "text": "rest of the world. Now, some of that's"}, {"start": "00:20:00", "end": "00:20:04", "text": "oil and gas, so we can get into that."}, {"start": "00:20:03", "end": "00:20:05", "text": "But I think the other piece of it is"}, {"start": "00:20:04", "end": "00:20:07", "text": "what you are seeing with AI"}, {"start": "00:20:05", "end": "00:20:09", "text": "infrastructure buildout. It's what"}, {"start": "00:20:07", "end": "00:20:11", "text": "you're seeing with defense spending um"}, {"start": "00:20:09", "end": "00:20:12", "text": "and how that's starting to percolate."}, {"start": "00:20:11", "end": "00:20:16", "text": "It's what you're seeing with just this"}, {"start": "00:20:12", "end": "00:20:17", "text": "re recnaance, this per this emerging"}, {"start": "00:20:16", "end": "00:20:19", "text": "renaissance. And we're seeing in the"}, {"start": "00:20:17", "end": "00:20:20", "text": "data around manufacturing activity in"}, {"start": "00:20:19", "end": "00:20:22", "text": "general. I mean, even housing, if you"}, {"start": "00:20:20", "end": "00:20:26", "text": "look at the freight flows, is starting"}, {"start": "00:20:22", "end": "00:20:28", "text": "to show signs of um a rebound, like slow"}, {"start": "00:20:26", "end": "00:20:29", "text": "steady, but it's starting to show up"}, {"start": "00:20:28", "end": "00:20:32", "text": "there. the industrial side of the"}, {"start": "00:20:29", "end": "00:20:33", "text": "economy um is what is booing the US"}, {"start": "00:20:32", "end": "00:20:35", "text": "right now and I suspect that's going to"}, {"start": "00:20:33", "end": "00:20:37", "text": "continue and that's with things like"}, {"start": "00:20:35", "end": "00:20:38", "text": "tariffs in place which are whether and"}, {"start": "00:20:37", "end": "00:20:42", "text": "you know pushing for investments in the"}, {"start": "00:20:38", "end": "00:20:43", "text": "US etc. It is stoking this idea of"}, {"start": "00:20:42", "end": "00:20:46", "text": "resupply chain resilience and"}, {"start": "00:20:43", "end": "00:20:47", "text": "re-industrialization. It's happening."}, {"start": "00:20:46", "end": "00:20:48", "text": ">> All right, folks. I'm going to take a"}, {"start": "00:20:47", "end": "00:20:50", "text": "little break from this episode right"}, {"start": "00:20:48", "end": "00:20:52", "text": "here to tell you something about Figure"}, {"start": "00:20:50", "end": "00:20:53", "text": "Markets. Now, I think Figure is super"}, {"start": "00:20:52", "end": "00:20:54", "text": "interesting. I've been an investor in"}, {"start": "00:20:53", "end": "00:20:56", "text": "this business for a very long time. From"}, {"start": "00:20:54", "end": "00:20:58", "text": "the private market to now they've gone"}, {"start": "00:20:56", "end": "00:21:00", "text": "public, built a very cool business. And"}, {"start": "00:20:58", "end": "00:21:02", "text": "I think what's most interesting here is"}, {"start": "00:21:00", "end": "00:21:04", "text": "they have two sides to a marketplace. If"}, {"start": "00:21:02", "end": "00:21:05", "text": "you've got Bitcoin and you want"}, {"start": "00:21:04", "end": "00:21:07", "text": "liquidity, but you don't want to sell"}, {"start": "00:21:05", "end": "00:21:09", "text": "the Bitcoin, you want to keep the upside"}, {"start": "00:21:07", "end": "00:21:11", "text": "and just take a loan out against it,"}, {"start": "00:21:09", "end": "00:21:14", "text": "Figure Now offers these cryptoback"}, {"start": "00:21:11", "end": "00:21:17", "text": "loans. They charge about 8.91% interest."}, {"start": "00:21:14", "end": "00:21:19", "text": "That's 9.9% APR, and you can borrow up"}, {"start": "00:21:17", "end": "00:21:21", "text": "to 50% of the Bitcoin that you give over"}, {"start": "00:21:19", "end": "00:21:22", "text": "to them. And so, when you do that,"}, {"start": "00:21:21", "end": "00:21:24", "text": "you're unlocking capital, but you're not"}, {"start": "00:21:22", "end": "00:21:26", "text": "triggering taxes or giving up the"}, {"start": "00:21:24", "end": "00:21:28", "text": "Bitcoin exposure. Now, on the other side"}, {"start": "00:21:26", "end": "00:21:30", "text": "of this marketplace is somebody who's"}, {"start": "00:21:28", "end": "00:21:32", "text": "got cash and they want to get yield. And"}, {"start": "00:21:30", "end": "00:21:34", "text": "on that case, you can actually go and"}, {"start": "00:21:32", "end": "00:21:36", "text": "you can use what's called the"}, {"start": "00:21:34", "end": "00:21:39", "text": "democratized prime product. And it's"}, {"start": "00:21:36", "end": "00:21:40", "text": "allowing you to earn up to 9% APY."}, {"start": "00:21:39", "end": "00:21:42", "text": "What's cool about is they pay you"}, {"start": "00:21:40", "end": "00:21:44", "text": "hourly. It's backed by real world assets"}, {"start": "00:21:42", "end": "00:21:46", "text": "and there's no yield gains or this like"}, {"start": "00:21:44", "end": "00:21:49", "text": "token inflation that is susceptible in"}, {"start": "00:21:46", "end": "00:21:50", "text": "the crypto industry. So if you have"}, {"start": "00:21:49", "end": "00:21:53", "text": "Bitcoin and you want to borrow against"}, {"start": "00:21:50", "end": "00:21:55", "text": "it, go check out Figure. If you've got"}, {"start": "00:21:53", "end": "00:21:57", "text": "cash and you want to earn yield up to 9%"}, {"start": "00:21:55", "end": "00:21:59", "text": "APY, you should also go check out"}, {"start": "00:21:57", "end": "00:22:00", "text": "Figure. They've been a great partner to"}, {"start": "00:21:59", "end": "00:22:02", "text": "me. I'm a very happy investor in the"}, {"start": "00:22:00", "end": "00:22:04", "text": "business. Go check them out at"}, {"start": "00:22:02", "end": "00:22:06", "text": "figurearkets.co/pmp"}, {"start": "00:22:04", "end": "00:22:09", "text": "or click on the link in the description."}, {"start": "00:22:06", "end": "00:22:11", "text": "Again, that's figurearkets.co/p."}, {"start": "00:22:09", "end": "00:22:12", "text": "If you're talking to someone who knows"}, {"start": "00:22:11", "end": "00:22:13", "text": "nothing about the re-industrial"}, {"start": "00:22:12", "end": "00:22:15", "text": "movement, they haven't been paying"}, {"start": "00:22:13", "end": "00:22:17", "text": "attention whatsoever, like what would"}, {"start": "00:22:15", "end": "00:22:18", "text": "your analysis be in terms of what is"}, {"start": "00:22:17", "end": "00:22:20", "text": "occurring and how are we doing so far"}, {"start": "00:22:18", "end": "00:22:23", "text": "against the goals that we have?"}, {"start": "00:22:20", "end": "00:22:25", "text": ">> Oh gosh,"}, {"start": "00:22:23", "end": "00:22:28", "text": "that's a good question. I'm not sure I"}, {"start": "00:22:25", "end": "00:22:29", "text": "have an answer to that yet. Um,"}, {"start": "00:22:28", "end": "00:22:32", "text": ">> but do you think it's going well?"}, {"start": "00:22:29", "end": "00:22:33", "text": ">> I I would say it's taking root and I I"}, {"start": "00:22:32", "end": "00:22:35", "text": "would say it's probably taking root"}, {"start": "00:22:33", "end": "00:22:38", "text": "faster than I would have anticipated and"}, {"start": "00:22:35", "end": "00:22:40", "text": "that's despite again elevated energy"}, {"start": "00:22:38", "end": "00:22:41", "text": "prices right now and elevated prices for"}, {"start": "00:22:40", "end": "00:22:42", "text": "some other things. I mean memory chips"}, {"start": "00:22:41", "end": "00:22:44", "text": "are obviously getting a lot of"}, {"start": "00:22:42", "end": "00:22:47", "text": "attention. You think about memory chips"}, {"start": "00:22:44", "end": "00:22:48", "text": "affect most, you know, things that are"}, {"start": "00:22:47", "end": "00:22:50", "text": "manufactured or, you know, goods that,"}, {"start": "00:22:48", "end": "00:22:51", "text": "you know, consumers are going to be"}, {"start": "00:22:50", "end": "00:22:52", "text": "touching, but they also affect things"}, {"start": "00:22:51", "end": "00:22:54", "text": "like, I don't know, patron missile"}, {"start": "00:22:52", "end": "00:22:56", "text": "systems and um and we see those types of"}, {"start": "00:22:54", "end": "00:22:58", "text": "price spikes and the inflationary"}, {"start": "00:22:56", "end": "00:23:01", "text": "impacts of that. I would not be"}, {"start": "00:22:58", "end": "00:23:04", "text": "expecting to see the data as strong as"}, {"start": "00:23:01", "end": "00:23:05", "text": "it is around some of these parts of the"}, {"start": "00:23:04", "end": "00:23:07", "text": "economy. But I think a lot of that is"}, {"start": "00:23:05", "end": "00:23:10", "text": "the groundwork that was laid in the"}, {"start": "00:23:07", "end": "00:23:12", "text": "first year of the the second Trump"}, {"start": "00:23:10", "end": "00:23:14", "text": "administration. But also to be quite"}, {"start": "00:23:12", "end": "00:23:16", "text": "frank, a lot of this industrial policy,"}, {"start": "00:23:14", "end": "00:23:18", "text": "there are certain things including some"}, {"start": "00:23:16", "end": "00:23:21", "text": "of these tariffs that carried over"}, {"start": "00:23:18", "end": "00:23:23", "text": "regardless of politics uh carried over"}, {"start": "00:23:21", "end": "00:23:25", "text": "from the first Trump administration into"}, {"start": "00:23:23", "end": "00:23:27", "text": "the Biden administration and now you"}, {"start": "00:23:25", "end": "00:23:28", "text": "know have been turbocharged in this"}, {"start": "00:23:27", "end": "00:23:30", "text": "administration."}, {"start": "00:23:28", "end": "00:23:32", "text": ">> When you look at things uh in that"}, {"start": "00:23:30", "end": "00:23:34", "text": "re-industrialization, some of it I think"}, {"start": "00:23:32", "end": "00:23:36", "text": "is like what is the end company? What is"}, {"start": "00:23:34", "end": "00:23:37", "text": "the end product? But also there's a ton"}, {"start": "00:23:36", "end": "00:23:39", "text": "obviously we're going through a"}, {"start": "00:23:37", "end": "00:23:41", "text": "commodity bull market right now. There's"}, {"start": "00:23:39", "end": "00:23:42", "text": "tons of work now being done on um"}, {"start": "00:23:41", "end": "00:23:45", "text": "there's a guy that I know who literally"}, {"start": "00:23:42", "end": "00:23:46", "text": "looked at creatine is not made in the"}, {"start": "00:23:45", "end": "00:23:48", "text": "United States and so we need to go and"}, {"start": "00:23:46", "end": "00:23:49", "text": "start need to make it now. Why is it not"}, {"start": "00:23:48", "end": "00:23:51", "text": "made in the United States? And there is"}, {"start": "00:23:49", "end": "00:23:53", "text": "some chemical compound that the United"}, {"start": "00:23:51", "end": "00:23:55", "text": "States does not manufacture anymore. And"}, {"start": "00:23:53", "end": "00:23:56", "text": "so he's focused on that right now. The"}, {"start": "00:23:55", "end": "00:23:58", "text": "reason why that's important is because"}, {"start": "00:23:56", "end": "00:23:59", "text": "it's in almost every single other"}, {"start": "00:23:58", "end": "00:24:01", "text": "product. And so the United States was"}, {"start": "00:23:59", "end": "00:24:03", "text": "basically outsourcing this thing. He"}, {"start": "00:24:01", "end": "00:24:05", "text": "literally came from kind of like the bro"}, {"start": "00:24:03", "end": "00:24:08", "text": "science world of I want creatine made in"}, {"start": "00:24:05", "end": "00:24:09", "text": "America and he figured this out. That to"}, {"start": "00:24:08", "end": "00:24:12", "text": "me feels very different than just like,"}, {"start": "00:24:09", "end": "00:24:14", "text": "hey, let's set up, you know, a factory"}, {"start": "00:24:12", "end": "00:24:15", "text": "and let's just start manufacturing cars"}, {"start": "00:24:14", "end": "00:24:17", "text": "or, you know, whatever the thing is."}, {"start": "00:24:15", "end": "00:24:19", "text": ">> And so it does feel like we've almost"}, {"start": "00:24:17", "end": "00:24:20", "text": "gotten more intelligent and much more"}, {"start": "00:24:19", "end": "00:24:22", "text": "nuanced about what are the pain points"}, {"start": "00:24:20", "end": "00:24:25", "text": "that America is facing and how do we"}, {"start": "00:24:22", "end": "00:24:28", "text": "solve the actual, you know, uh, kind of"}, {"start": "00:24:25", "end": "00:24:29", "text": "um, furthest thing that is really from a"}, {"start": "00:24:28", "end": "00:24:31", "text": "first principles thinking standpoint"}, {"start": "00:24:29", "end": "00:24:32", "text": "more so than just like, oh, well, we can"}, {"start": "00:24:31", "end": "00:24:33", "text": "make a car in Mexico or we can make it"}, {"start": "00:24:32", "end": "00:24:34", "text": "in the United States. Let's just make it"}, {"start": "00:24:33", "end": "00:24:36", "text": "in the United States."}, {"start": "00:24:34", "end": "00:24:37", "text": ">> That's almost like too elementary of an"}, {"start": "00:24:36", "end": "00:24:39", "text": "analysis. And I think a lot of that"}, {"start": "00:24:37", "end": "00:24:41", "text": "happens online, but the companies"}, {"start": "00:24:39", "end": "00:24:43", "text": "themselves are looking very surgically"}, {"start": "00:24:41", "end": "00:24:46", "text": "at what is the rare earth or what is the"}, {"start": "00:24:43", "end": "00:24:48", "text": "thing that is the smallest unit of"}, {"start": "00:24:46", "end": "00:24:49", "text": "account that we can go and bring back to"}, {"start": "00:24:48", "end": "00:24:50", "text": "America and then that everything is"}, {"start": "00:24:49", "end": "00:24:51", "text": "downstream of it."}, {"start": "00:24:50", "end": "00:24:53", "text": ">> Yeah. No, I think that's very true and"}, {"start": "00:24:51", "end": "00:24:54", "text": "again the rare earth is a good example"}, {"start": "00:24:53", "end": "00:24:57", "text": "of that. I was with the interior"}, {"start": "00:24:54", "end": "00:24:59", "text": "secretary Doug Bergam um earlier this"}, {"start": "00:24:57", "end": "00:25:00", "text": "month and and one of the points he was"}, {"start": "00:24:59", "end": "00:25:02", "text": "making was about the rare earths and we"}, {"start": "00:25:00", "end": "00:25:03", "text": "were in Alaska. We were traveling in"}, {"start": "00:25:02", "end": "00:25:06", "text": "Alaska and you know we're focused on oil"}, {"start": "00:25:03", "end": "00:25:07", "text": "and gas production because Alaska is for"}, {"start": "00:25:06", "end": "00:25:10", "text": "the first time in decades starting to"}, {"start": "00:25:07", "end": "00:25:13", "text": "see this renaissance this return to"}, {"start": "00:25:10", "end": "00:25:14", "text": "growth of oil output uh in real time"}, {"start": "00:25:13", "end": "00:25:16", "text": "right now. But the other thing that"}, {"start": "00:25:14", "end": "00:25:20", "text": "Alaska offers is all of this mining"}, {"start": "00:25:16", "end": "00:25:22", "text": "capability as well. And um Alaska is"}, {"start": "00:25:20", "end": "00:25:23", "text": "very big. It's very vast. you don't"}, {"start": "00:25:22", "end": "00:25:25", "text": "actually have to do very much on the"}, {"start": "00:25:23", "end": "00:25:27", "text": "surface to apparently this is what I've"}, {"start": "00:25:25", "end": "00:25:30", "text": "been told to uh you know apparently"}, {"start": "00:25:27", "end": "00:25:34", "text": "access quite a bit of you know the"}, {"start": "00:25:30", "end": "00:25:36", "text": "mineral deposits that are available in"}, {"start": "00:25:34", "end": "00:25:37", "text": "Alaska but so we were we were there we"}, {"start": "00:25:36", "end": "00:25:38", "text": "were traveling we were seeing all of"}, {"start": "00:25:37", "end": "00:25:39", "text": "that and one of the points that he was"}, {"start": "00:25:38", "end": "00:25:41", "text": "making to me was that with the rare"}, {"start": "00:25:39", "end": "00:25:42", "text": "earth export restrictions that China was"}, {"start": "00:25:41", "end": "00:25:44", "text": "threatening in the midst of the trade"}, {"start": "00:25:42", "end": "00:25:46", "text": "war stuff and you know post liberation"}, {"start": "00:25:44", "end": "00:25:48", "text": "day last year that if they had halted"}, {"start": "00:25:46", "end": "00:25:50", "text": "those exports that with the automakers"}, {"start": "00:25:48", "end": "00:25:51", "text": "alone um you would have seen a shutdown"}, {"start": "00:25:50", "end": "00:25:53", "text": "down"}, {"start": "00:25:51", "end": "00:25:54", "text": ">> uh in car manufacturing it's something"}, {"start": "00:25:53", "end": "00:25:57", "text": "like 2 weeks"}, {"start": "00:25:54", "end": "00:25:59", "text": ">> and we don't use that much in terms of"}, {"start": "00:25:57", "end": "00:26:01", "text": "rare earths and you know it's rare"}, {"start": "00:25:59", "end": "00:26:02", "text": "earths are actually not that rare and"}, {"start": "00:26:01", "end": "00:26:04", "text": "Elon Musk likes to say that but like the"}, {"start": "00:26:02", "end": "00:26:06", "text": "refining process is you know a certain"}, {"start": "00:26:04", "end": "00:26:09", "text": "thing and then producing them into"}, {"start": "00:26:06", "end": "00:26:11", "text": "magnets and we it's it's it's an"}, {"start": "00:26:09", "end": "00:26:14", "text": "innovation a capability that the US"}, {"start": "00:26:11", "end": "00:26:16", "text": "spearheaded and then basically"}, {"start": "00:26:14", "end": "00:26:17", "text": "retreated from 30 years ago and then"}, {"start": "00:26:16", "end": "00:26:19", "text": "China swooped in and took over and"}, {"start": "00:26:17", "end": "00:26:20", "text": "basically now dominates that market. Now"}, {"start": "00:26:19", "end": "00:26:23", "text": "the US including with the government is"}, {"start": "00:26:20", "end": "00:26:24", "text": "trying to fund it and restart it here in"}, {"start": "00:26:23", "end": "00:26:26", "text": "the US. But it's it's a national"}, {"start": "00:26:24", "end": "00:26:28", "text": "security matter. Case in point we saw"}, {"start": "00:26:26", "end": "00:26:30", "text": "with China and continue to see with"}, {"start": "00:26:28", "end": "00:26:31", "text": "China right now. Um but then also what"}, {"start": "00:26:30", "end": "00:26:33", "text": "happens when you layer American"}, {"start": "00:26:31", "end": "00:26:34", "text": "ingenuity on top of that? All of a"}, {"start": "00:26:33", "end": "00:26:36", "text": "sudden you have a refining refringing"}, {"start": "00:26:34", "end": "00:26:38", "text": "process that maybe is not so dirty and"}, {"start": "00:26:36", "end": "00:26:39", "text": "maybe is cleaner and maybe is more"}, {"start": "00:26:38", "end": "00:26:41", "text": "productive. And then what happens when"}, {"start": "00:26:39", "end": "00:26:44", "text": "you layer AI on top of that and what"}, {"start": "00:26:41", "end": "00:26:45", "text": "does that add to the entire process and"}, {"start": "00:26:44", "end": "00:26:47", "text": "conversation right now too? So I think"}, {"start": "00:26:45", "end": "00:26:50", "text": "you're right. I think it's um I think"}, {"start": "00:26:47", "end": "00:26:55", "text": "it's it's very surgical. It's very"}, {"start": "00:26:50", "end": "00:26:57", "text": "determined and it's very um"}, {"start": "00:26:55", "end": "00:26:59", "text": "it's very it's very specific to the"}, {"start": "00:26:57", "end": "00:27:00", "text": "situation and what what the market calls"}, {"start": "00:26:59", "end": "00:27:02", "text": "for and why."}, {"start": "00:27:00", "end": "00:27:04", "text": ">> One of the biggest changes in investing"}, {"start": "00:27:02", "end": "00:27:05", "text": "is there's a new asset management firm."}, {"start": "00:27:04", "end": "00:27:07", "text": "It's called White House Asset"}, {"start": "00:27:05", "end": "00:27:08", "text": "Management. Uh they like to allocate"}, {"start": "00:27:07", "end": "00:27:11", "text": "capital. They buy stocks. They seem to"}, {"start": "00:27:08", "end": "00:27:12", "text": "go up after they buy them. Um and I"}, {"start": "00:27:11", "end": "00:27:13", "text": "think that it's somewhat of a meme on"}, {"start": "00:27:12", "end": "00:27:14", "text": "the internet of just like just buy what"}, {"start": "00:27:13", "end": "00:27:17", "text": "the White House is buying. you know the"}, {"start": "00:27:14", "end": "00:27:20", "text": "the president will make it go up. Um but"}, {"start": "00:27:17", "end": "00:27:21", "text": "I do think that this is new but it's not"}, {"start": "00:27:20", "end": "00:27:23", "text": "new right the government has"}, {"start": "00:27:21", "end": "00:27:26", "text": "participated in private markets in the"}, {"start": "00:27:23", "end": "00:27:29", "text": "past but this seems like it is much much"}, {"start": "00:27:26", "end": "00:27:31", "text": "more one enthusiastic much larger but"}, {"start": "00:27:29", "end": "00:27:33", "text": "also it is very focused it on less on"}, {"start": "00:27:31", "end": "00:27:36", "text": "like bailing out companies and more on"}, {"start": "00:27:33", "end": "00:27:37", "text": "like offensively saying we need this for"}, {"start": "00:27:36", "end": "00:27:39", "text": "national security or we need this to"}, {"start": "00:27:37", "end": "00:27:41", "text": "become an industry in the United States"}, {"start": "00:27:39", "end": "00:27:43", "text": "let's go actually use our capital and"}, {"start": "00:27:41", "end": "00:27:45", "text": "our um you know kind of human uh"}, {"start": "00:27:43", "end": "00:27:47", "text": "abilities and sometimes even business"}, {"start": "00:27:45", "end": "00:27:49", "text": "development to go help this business."}, {"start": "00:27:47", "end": "00:27:50", "text": "What are you hearing people talk about"}, {"start": "00:27:49", "end": "00:27:53", "text": "in terms of like the White House"}, {"start": "00:27:50", "end": "00:27:56", "text": "allocating capital to these businesses?"}, {"start": "00:27:53", "end": "00:27:58", "text": ">> So, I think from my own conversations"}, {"start": "00:27:56", "end": "00:28:00", "text": "both on and off camera within the"}, {"start": "00:27:58", "end": "00:28:05", "text": "administration, I think there is a very"}, {"start": "00:28:00", "end": "00:28:08", "text": "clear explicit mission um to"}, {"start": "00:28:05", "end": "00:28:12", "text": "have taxpayers share on the upside."}, {"start": "00:28:08", "end": "00:28:14", "text": "Um, that being said, it depends on the"}, {"start": "00:28:12", "end": "00:28:16", "text": "industry, it depends on the company, it"}, {"start": "00:28:14", "end": "00:28:19", "text": "depends on the deal, it depends on what"}, {"start": "00:28:16", "end": "00:28:20", "text": "the deal requires. Um, and so like"}, {"start": "00:28:19", "end": "00:28:21", "text": "Intel's obviously a great example and"}, {"start": "00:28:20", "end": "00:28:23", "text": "sort of the glaring example and the"}, {"start": "00:28:21", "end": "00:28:25", "text": "stocks been parabolic over the last call"}, {"start": "00:28:23", "end": "00:28:28", "text": "it month, two months. Um, and certainly"}, {"start": "00:28:25", "end": "00:28:30", "text": "taxpayers are seeing incredible returns"}, {"start": "00:28:28", "end": "00:28:33", "text": "on paper in the midst of all of this."}, {"start": "00:28:30", "end": "00:28:35", "text": "But Intel was also not in a good place"}, {"start": "00:28:33", "end": "00:28:36", "text": "and had received a lot of money um"}, {"start": "00:28:35", "end": "00:28:38", "text": "through chips act as well as from the"}, {"start": "00:28:36", "end": "00:28:40", "text": "Pentagon. And so there's a national"}, {"start": "00:28:38", "end": "00:28:42", "text": "security element to it as well. And it"}, {"start": "00:28:40", "end": "00:28:43", "text": "it was and continues to be a turnaround"}, {"start": "00:28:42", "end": "00:28:45", "text": "story. So it's a very specific thing."}, {"start": "00:28:43", "end": "00:28:46", "text": "Whereas you have other companies that"}, {"start": "00:28:45", "end": "00:28:49", "text": "have received chips act funding. I think"}, {"start": "00:28:46", "end": "00:28:50", "text": "about like a micron for example. Um"}, {"start": "00:28:49", "end": "00:28:53", "text": "you're not going to necessarily see that"}, {"start": "00:28:50", "end": "00:28:55", "text": "type of equity stake taken. Um in rare"}, {"start": "00:28:53", "end": "00:28:56", "text": "earths I think it's a little bit that"}, {"start": "00:28:55", "end": "00:28:58", "text": "feels like it's been a little bit of the"}, {"start": "00:28:56", "end": "00:28:59", "text": "wild west. There's some companies that"}, {"start": "00:28:58", "end": "00:29:00", "text": "are very legit and doing incredible"}, {"start": "00:28:59", "end": "00:29:02", "text": "things and have the capabilities and"}, {"start": "00:29:00", "end": "00:29:04", "text": "there's some companies that are"}, {"start": "00:29:02", "end": "00:29:05", "text": "promising a lot but like have yet to"}, {"start": "00:29:04", "end": "00:29:06", "text": "deliver and we'll see what happens with"}, {"start": "00:29:05", "end": "00:29:09", "text": "all of that. But obviously rare earths"}, {"start": "00:29:06", "end": "00:29:10", "text": "is going back to the conversation we"}, {"start": "00:29:09", "end": "00:29:13", "text": "just had is sort of like there's a time"}, {"start": "00:29:10", "end": "00:29:15", "text": "is of the essence aspect to it as well."}, {"start": "00:29:13", "end": "00:29:16", "text": "Um so I think it sort of depends. The"}, {"start": "00:29:15", "end": "00:29:19", "text": "other thing I would say and I think"}, {"start": "00:29:16", "end": "00:29:20", "text": "sometimes this gets me missed and I'm"}, {"start": "00:29:19", "end": "00:29:24", "text": "sure you know this as well if not better"}, {"start": "00:29:20", "end": "00:29:26", "text": "than I do is how many Wall Street folks"}, {"start": "00:29:24", "end": "00:29:28", "text": "are in this administration"}, {"start": "00:29:26", "end": "00:29:29", "text": ">> where the purse strings are concerned. I"}, {"start": "00:29:28", "end": "00:29:31", "text": "think about like OSC at department of"}, {"start": "00:29:29", "end": "00:29:33", "text": "war right office strategic capital."}, {"start": "00:29:31", "end": "00:29:35", "text": "They're you know inking all kinds of"}, {"start": "00:29:33", "end": "00:29:38", "text": "deals. These are all like hedge fund"}, {"start": "00:29:35", "end": "00:29:40", "text": "guys and like you speak to anybody they"}, {"start": "00:29:38", "end": "00:29:42", "text": "are dealmakers and they are rigorous."}, {"start": "00:29:40", "end": "00:29:45", "text": "They review the books are rigorous and"}, {"start": "00:29:42", "end": "00:29:46", "text": "um and by the way they're hiring like"}, {"start": "00:29:45", "end": "00:29:47", "text": "like last I've heard they're hiring they"}, {"start": "00:29:46", "end": "00:29:49", "text": "can't get enough people in there because"}, {"start": "00:29:47", "end": "00:29:50", "text": "there's so much that they're looking at"}, {"start": "00:29:49", "end": "00:29:54", "text": "and they're combing through everything."}, {"start": "00:29:50", "end": "00:29:55", "text": "Um and so I've spoken to executives at"}, {"start": "00:29:54", "end": "00:29:57", "text": "companies that have done some deals with"}, {"start": "00:29:55", "end": "00:29:58", "text": "some of these types of entities and"}, {"start": "00:29:57", "end": "00:30:00", "text": "they're like this is the hardest deal"}, {"start": "00:29:58", "end": "00:30:02", "text": "I've ever had to do um because of how"}, {"start": "00:30:00", "end": "00:30:04", "text": "thorough and rigorous they were. And I"}, {"start": "00:30:02", "end": "00:30:05", "text": "think sometimes that's missing from the"}, {"start": "00:30:04", "end": "00:30:07", "text": "conversation in part because sometimes"}, {"start": "00:30:05", "end": "00:30:08", "text": "these are the folks maybe because they"}, {"start": "00:30:07", "end": "00:30:10", "text": "are former hedge fund folks and they"}, {"start": "00:30:08", "end": "00:30:12", "text": "weren't like really they were media shy"}, {"start": "00:30:10", "end": "00:30:13", "text": "when they were in those roles too, but"}, {"start": "00:30:12", "end": "00:30:14", "text": "they're not really going out and and"}, {"start": "00:30:13", "end": "00:30:15", "text": "telling those stories. But they're"}, {"start": "00:30:14", "end": "00:30:17", "text": "happening behind closed doors. They"}, {"start": "00:30:15", "end": "00:30:18", "text": "absolutely are happening behind closed"}, {"start": "00:30:17", "end": "00:30:20", "text": "doors. But I think this idea of like"}, {"start": "00:30:18", "end": "00:30:25", "text": "doing out money to companies is like"}, {"start": "00:30:20", "end": "00:30:27", "text": "long existed. Um this idea of doing so"}, {"start": "00:30:25", "end": "00:30:28", "text": "in a way that taxpayers are going to see"}, {"start": "00:30:27", "end": "00:30:30", "text": "some sort of upside if there's upside to"}, {"start": "00:30:28", "end": "00:30:32", "text": "be realized I think is a little bit"}, {"start": "00:30:30", "end": "00:30:33", "text": "newer and more interesting. You could"}, {"start": "00:30:32", "end": "00:30:35", "text": "certainly debate the pros and cons of"}, {"start": "00:30:33", "end": "00:30:36", "text": "it. It's definitely different, I think,"}, {"start": "00:30:35", "end": "00:30:37", "text": "in a lot of ways than what we've seen"}, {"start": "00:30:36", "end": "00:30:39", "text": "because usually typically in the past"}, {"start": "00:30:37", "end": "00:30:41", "text": "it's been like around bailouts and"}, {"start": "00:30:39", "end": "00:30:44", "text": "things like that um or wartime efforts,"}, {"start": "00:30:41", "end": "00:30:45", "text": "but it's really fascinating. It really"}, {"start": "00:30:44", "end": "00:30:46", "text": "speaks to, I think, sort of this"}, {"start": "00:30:45", "end": "00:30:50", "text": "convergence of Wall Street and Main"}, {"start": "00:30:46", "end": "00:30:52", "text": "Street as kind of, you know, the story"}, {"start": "00:30:50", "end": "00:30:53", "text": "for everybody for the public in general"}, {"start": "00:30:52", "end": "00:30:55", "text": "right now."}, {"start": "00:30:53", "end": "00:30:57", "text": ">> I know uh at least one person that has"}, {"start": "00:30:55", "end": "00:30:57", "text": "actually gone to OSC and I know another"}, {"start": "00:30:57", "end": "00:30:59", "text": "person,"}, {"start": "00:30:57", "end": "00:31:00", "text": ">> see, case in point,"}, {"start": "00:30:59", "end": "00:31:03", "text": ">> the one person I know that went is very"}, {"start": "00:31:00", "end": "00:31:04", "text": "young. um in his early in his career and"}, {"start": "00:31:03", "end": "00:31:06", "text": "he basically was working at investment"}, {"start": "00:31:04", "end": "00:31:08", "text": "bank and he was like this sounds awesome"}, {"start": "00:31:06", "end": "00:31:09", "text": "why would I not want to go and travel"}, {"start": "00:31:08", "end": "00:31:11", "text": "around the world and do you know it"}, {"start": "00:31:09", "end": "00:31:13", "text": "basically was the pitch of joining the"}, {"start": "00:31:11", "end": "00:31:15", "text": "military you know 15 years ago is now"}, {"start": "00:31:13", "end": "00:31:18", "text": "like join OSC get to allocate capital"}, {"start": "00:31:15", "end": "00:31:19", "text": "build your professional resume etc that"}, {"start": "00:31:18", "end": "00:31:21", "text": "to me was like okay young person wants"}, {"start": "00:31:19", "end": "00:31:23", "text": "to very quickly accelerate their career"}, {"start": "00:31:21", "end": "00:31:24", "text": "makes sense then I was talking to"}, {"start": "00:31:23", "end": "00:31:26", "text": "somebody who's one of the leading"}, {"start": "00:31:24", "end": "00:31:28", "text": "investment bankers at one of the I don't"}, {"start": "00:31:26", "end": "00:31:30", "text": "know top three investment banks somebody"}, {"start": "00:31:28", "end": "00:31:33", "text": "that everyone would know and he was"}, {"start": "00:31:30", "end": "00:31:36", "text": "like, \"Yeah, I I think I I want to go.\""}, {"start": "00:31:33", "end": "00:31:37", "text": "And I it was the quality of the person"}, {"start": "00:31:36", "end": "00:31:39", "text": "that I was just blown away. And I was"}, {"start": "00:31:37", "end": "00:31:41", "text": "like, \"Why?\" And he pretty much was"}, {"start": "00:31:39", "end": "00:31:43", "text": "like, \"It's a combination of I'd meet a"}, {"start": "00:31:41", "end": "00:31:45", "text": "lot of great people. I'd get to do very"}, {"start": "00:31:43", "end": "00:31:48", "text": "interesting deals. I'd accelerate my"}, {"start": "00:31:45", "end": "00:31:50", "text": "career, but also I feel a duty to the"}, {"start": "00:31:48", "end": "00:31:51", "text": "country. I feel like this is a way to"}, {"start": "00:31:50", "end": "00:31:52", "text": "serve. I don't want to ever be a"}, {"start": "00:31:51", "end": "00:31:54", "text": "politician, but this is like an"}, {"start": "00:31:52", "end": "00:31:56", "text": "interesting way to do it.\" And so, I do"}, {"start": "00:31:54", "end": "00:31:57", "text": "think there's this weird element of as"}, {"start": "00:31:56", "end": "00:31:59", "text": "you get more private sector folks in"}, {"start": "00:31:57", "end": "00:32:00", "text": "there, most people, they don't want to"}, {"start": "00:31:59", "end": "00:32:02", "text": "be a politician. They don't want to go"}, {"start": "00:32:00", "end": "00:32:05", "text": "and get attacked in, you know, some uh"}, {"start": "00:32:02", "end": "00:32:07", "text": "uh race or debate or whatever. But they"}, {"start": "00:32:05", "end": "00:32:08", "text": "do feel like it'd be cool to go work in"}, {"start": "00:32:07", "end": "00:32:09", "text": "the government for a short period of"}, {"start": "00:32:08", "end": "00:32:11", "text": "time. Maybe it's a year or two years,"}, {"start": "00:32:09", "end": "00:32:14", "text": "whatever. And so I do think that whether"}, {"start": "00:32:11", "end": "00:32:15", "text": "it was Elon or maybe it's even Trump and"}, {"start": "00:32:14", "end": "00:32:16", "text": "his administration, they somehow have"}, {"start": "00:32:15", "end": "00:32:17", "text": "made it cool to go work in the"}, {"start": "00:32:16", "end": "00:32:19", "text": "government."}, {"start": "00:32:17", "end": "00:32:20", "text": ">> Yeah. And it's interesting. It's a good"}, {"start": "00:32:19", "end": "00:32:24", "text": "point. And I think you saw it last year,"}, {"start": "00:32:20", "end": "00:32:26", "text": "too. I I covered this um myself cuz I"}, {"start": "00:32:24", "end": "00:32:27", "text": "you know I do a lot with uh on the"}, {"start": "00:32:26", "end": "00:32:30", "text": "military and national security side but"}, {"start": "00:32:27", "end": "00:32:32", "text": "like the army swore in you know special"}, {"start": "00:32:30", "end": "00:32:34", "text": "lieutenant colonels that were tech"}, {"start": "00:32:32", "end": "00:32:37", "text": "executives. So Greg Brockman from OpenAI"}, {"start": "00:32:34", "end": "00:32:39", "text": "and Sham Sankar from you know Palunteer"}, {"start": "00:32:37", "end": "00:32:41", "text": "and a number of others and um and"}, {"start": "00:32:39", "end": "00:32:44", "text": "they're serving in these special roles"}, {"start": "00:32:41", "end": "00:32:46", "text": "within the army to bring their AI and"}, {"start": "00:32:44", "end": "00:32:48", "text": "their technological prowess to the army"}, {"start": "00:32:46", "end": "00:32:51", "text": "like serving x amount of you know hours"}, {"start": "00:32:48", "end": "00:32:54", "text": "per year da da da. So there's like I I"}, {"start": "00:32:51", "end": "00:32:55", "text": "think about Josh L Josh Wolf at Lux T"}, {"start": "00:32:54", "end": "00:32:58", "text": "has talked about this for many years and"}, {"start": "00:32:55", "end": "00:33:00", "text": "at least prior to what we're seeing now"}, {"start": "00:32:58", "end": "00:33:03", "text": "and that was this idea that you know we"}, {"start": "00:33:00", "end": "00:33:05", "text": "were um basically I'm going to use the"}, {"start": "00:33:03", "end": "00:33:07", "text": "word bare market that's not the term he"}, {"start": "00:33:05", "end": "00:33:09", "text": "used um but that you know we were seeing"}, {"start": "00:33:07", "end": "00:33:12", "text": "a darth a death a death in the"}, {"start": "00:33:09", "end": "00:33:14", "text": "willingness of talent to serve in this"}, {"start": "00:33:12", "end": "00:33:16", "text": "country that had become very uncool and"}, {"start": "00:33:14", "end": "00:33:19", "text": "that like the best and brightest were"}, {"start": "00:33:16", "end": "00:33:21", "text": "not looking to serve. Um, and I think"}, {"start": "00:33:19", "end": "00:33:23", "text": "that the pendulum has swung on that,"}, {"start": "00:33:21", "end": "00:33:24", "text": ">> which is really fascinating. And I think"}, {"start": "00:33:23", "end": "00:33:25", "text": "that's also fascinating to to the point"}, {"start": "00:33:24", "end": "00:33:26", "text": "that you're making. It's like maybe you"}, {"start": "00:33:25", "end": "00:33:28", "text": "don't want to be in politics, you want"}, {"start": "00:33:26", "end": "00:33:30", "text": "to be a politician, but that there are"}, {"start": "00:33:28", "end": "00:33:31", "text": "other ways to do it. And so I wonder if"}, {"start": "00:33:30", "end": "00:33:33", "text": "this is the start of something."}, {"start": "00:33:31", "end": "00:33:36", "text": ">> There is something also about um there's"}, {"start": "00:33:33", "end": "00:33:38", "text": "obviously a very large rise in uh"}, {"start": "00:33:36", "end": "00:33:40", "text": "specifically conservatism among young"}, {"start": "00:33:38", "end": "00:33:42", "text": "men in college or like right after"}, {"start": "00:33:40", "end": "00:33:43", "text": "graduation. And that's probably always"}, {"start": "00:33:42", "end": "00:33:45", "text": "been there. I think maybe they're just"}, {"start": "00:33:43", "end": "00:33:47", "text": "like a little bit more willing to be out"}, {"start": "00:33:45", "end": "00:33:50", "text": "there. Um, but what I think is"}, {"start": "00:33:47", "end": "00:33:52", "text": "fascinating is I'm 37 years old. I was"}, {"start": "00:33:50", "end": "00:33:55", "text": "in the army. There is a very low chance"}, {"start": "00:33:52", "end": "00:33:56", "text": "that I could go back and I could"}, {"start": "00:33:55", "end": "00:33:58", "text": "probably do basic training again pretty"}, {"start": "00:33:56", "end": "00:33:59", "text": "easily. I probably could do some of the"}, {"start": "00:33:58", "end": "00:34:02", "text": "specialized training, but the like"}, {"start": "00:33:59", "end": "00:34:04", "text": "day-to-day grind of being on deployments"}, {"start": "00:34:02", "end": "00:34:06", "text": "and going out and doing all this stuff"}, {"start": "00:34:04", "end": "00:34:08", "text": "like my I just know my body. My body"}, {"start": "00:34:06", "end": "00:34:11", "text": "would recover much slower at 37 than it"}, {"start": "00:34:08", "end": "00:34:12", "text": "did at 20. And so you start to look at"}, {"start": "00:34:11", "end": "00:34:13", "text": "some of these tech executives like, you"}, {"start": "00:34:12", "end": "00:34:15", "text": "know, maybe there's a couple, but most"}, {"start": "00:34:13", "end": "00:34:17", "text": "of them are not 22 years old. M"}, {"start": "00:34:15", "end": "00:34:18", "text": ">> they are later in their career as well."}, {"start": "00:34:17", "end": "00:34:20", "text": "And so like they kind of missed the"}, {"start": "00:34:18", "end": "00:34:22", "text": "window of military service whether they"}, {"start": "00:34:20", "end": "00:34:24", "text": "served or not. And so now it is like I"}, {"start": "00:34:22", "end": "00:34:25", "text": "have to use my brain not my body."}, {"start": "00:34:24", "end": "00:34:26", "text": ">> Yeah."}, {"start": "00:34:25", "end": "00:34:28", "text": ">> And again if you don't want to be a"}, {"start": "00:34:26", "end": "00:34:30", "text": "politician then this is kind of like the"}, {"start": "00:34:28", "end": "00:34:31", "text": "only path right and so I just think that"}, {"start": "00:34:30", "end": "00:34:33", "text": "that's where you're seeing so much"}, {"start": "00:34:31", "end": "00:34:35", "text": "interest is people they do have this"}, {"start": "00:34:33", "end": "00:34:37", "text": "like patriotic component to them. It's"}, {"start": "00:34:35", "end": "00:34:38", "text": "just where what is the outlet now? how"}, {"start": "00:34:37", "end": "00:34:41", "text": "it has become we'll use your"}, {"start": "00:34:38", "end": "00:34:43", "text": "professional skills in the government"}, {"start": "00:34:41", "end": "00:34:45", "text": "still go do deals build a you know"}, {"start": "00:34:43", "end": "00:34:46", "text": "rolodex of contacts and accelerate your"}, {"start": "00:34:45", "end": "00:34:47", "text": "career it's kind of like the perfect"}, {"start": "00:34:46", "end": "00:34:48", "text": "pitch right"}, {"start": "00:34:47", "end": "00:34:50", "text": ">> yeah definitely and I think you also"}, {"start": "00:34:48", "end": "00:34:51", "text": "need private sector to participate too"}, {"start": "00:34:50", "end": "00:34:52", "text": "right so like you need to know that"}, {"start": "00:34:51", "end": "00:34:54", "text": "you're going to go in you're going to"}, {"start": "00:34:52", "end": "00:34:55", "text": "take a pay cut but that maybe you're"}, {"start": "00:34:54", "end": "00:34:57", "text": "going to come out and there's going to"}, {"start": "00:34:55", "end": "00:34:58", "text": "be some sort of incentive or your job's"}, {"start": "00:34:57", "end": "00:35:00", "text": "still going to be there for you or"}, {"start": "00:34:58", "end": "00:35:02", "text": "whatever whatever too so I think that"}, {"start": "00:35:00", "end": "00:35:04", "text": "piece has to be there as well um and I"}, {"start": "00:35:02", "end": "00:35:05", "text": "think some companies have been better at"}, {"start": "00:35:04", "end": "00:35:07", "text": "doing that than others but that also"}, {"start": "00:35:05", "end": "00:35:08", "text": "seems like it's starting to click into"}, {"start": "00:35:07", "end": "00:35:10", "text": "place too. Also, it's kind of"}, {"start": "00:35:08", "end": "00:35:12", "text": "interesting to see how many of these,"}, {"start": "00:35:10", "end": "00:35:13", "text": "going back to OC as an example, like how"}, {"start": "00:35:12", "end": "00:35:14", "text": "many of these deals that are getting"}, {"start": "00:35:13", "end": "00:35:16", "text": "struck with the government, and I don't"}, {"start": "00:35:14", "end": "00:35:19", "text": "know that this is getting talked about"}, {"start": "00:35:16", "end": "00:35:20", "text": "enough either. Um, for the government to"}, {"start": "00:35:19", "end": "00:35:22", "text": "do the deal, they want to see that"}, {"start": "00:35:20", "end": "00:35:22", "text": "private capitals got skin in the game,"}, {"start": "00:35:22", "end": "00:35:25", "text": "too."}, {"start": "00:35:22", "end": "00:35:27", "text": ">> And I think, you know, enter JP Morgan,"}, {"start": "00:35:25", "end": "00:35:30", "text": "right? Um, with their security and"}, {"start": "00:35:27", "end": "00:35:32", "text": "resiliency, you know, uh, initiative"}, {"start": "00:35:30", "end": "00:35:33", "text": "that is like taken off gang busters"}, {"start": "00:35:32", "end": "00:35:34", "text": "since it was launched, I think"}, {"start": "00:35:33", "end": "00:35:36", "text": "officially, what the end of last year."}, {"start": "00:35:34", "end": "00:35:38", "text": "Um, and they're not the only ones. What"}, {"start": "00:35:36", "end": "00:35:40", "text": "are they saying they're going to do?"}, {"start": "00:35:38", "end": "00:35:43", "text": ">> They're they're investing in they're"}, {"start": "00:35:40", "end": "00:35:46", "text": "investing in companies, startups, deals,"}, {"start": "00:35:43", "end": "00:35:49", "text": "um you know, anything that sort of falls"}, {"start": "00:35:46", "end": "00:35:52", "text": "into that category of national security"}, {"start": "00:35:49", "end": "00:35:54", "text": "or resiliency or um sort of making"}, {"start": "00:35:52", "end": "00:35:56", "text": "America great again. Um I mean, they're"}, {"start": "00:35:54", "end": "00:35:58", "text": "not using that phrase. That phrase has"}, {"start": "00:35:56", "end": "00:36:00", "text": "got its own political connotation, but"}, {"start": "00:35:58", "end": "00:36:04", "text": "just this idea of, you know,"}, {"start": "00:36:00", "end": "00:36:06", "text": "strengthening and um"}, {"start": "00:36:04", "end": "00:36:07", "text": "competitive the US. It's a pro America"}, {"start": "00:36:06", "end": "00:36:08", "text": "approach"}, {"start": "00:36:07", "end": "00:36:10", "text": ">> and and extending beyond that too,"}, {"start": "00:36:08", "end": "00:36:11", "text": "right? So I think there's like depending"}, {"start": "00:36:10", "end": "00:36:13", "text": "on the company and depending on the"}, {"start": "00:36:11", "end": "00:36:16", "text": "project like you know what it means for"}, {"start": "00:36:13", "end": "00:36:18", "text": "allies etc. Um and it's not just JPM I"}, {"start": "00:36:16", "end": "00:36:20", "text": "think you know others are and other you"}, {"start": "00:36:18", "end": "00:36:22", "text": "know methods of private capitalist on"}, {"start": "00:36:20", "end": "00:36:23", "text": "the venture side banking side are also"}, {"start": "00:36:22", "end": "00:36:24", "text": "like looking to do this and do more of"}, {"start": "00:36:23", "end": "00:36:26", "text": "this but they've obviously been very"}, {"start": "00:36:24", "end": "00:36:28", "text": "outfront and sort of you know stepped"}, {"start": "00:36:26", "end": "00:36:30", "text": "into it in a very big way. I'll actually"}, {"start": "00:36:28", "end": "00:36:32", "text": "be with Jamie Diamond. Um, I'm going to"}, {"start": "00:36:30", "end": "00:36:34", "text": "be interviewing him later this week at"}, {"start": "00:36:32", "end": "00:36:35", "text": "the Reagan National Economic Forum. And"}, {"start": "00:36:34", "end": "00:36:36", "text": "this is going to be one of the things"}, {"start": "00:36:35", "end": "00:36:37", "text": "that we talk about because he was"}, {"start": "00:36:36", "end": "00:36:39", "text": "hinting at the possibility of this a"}, {"start": "00:36:37", "end": "00:36:41", "text": "year ago when he and I met at the same"}, {"start": "00:36:39", "end": "00:36:43", "text": "conference and he was saying, you know,"}, {"start": "00:36:41", "end": "00:36:46", "text": "don't stockpile Bitcoin, stockpile"}, {"start": "00:36:43", "end": "00:36:47", "text": "bullets, and made a lot of news talking"}, {"start": "00:36:46", "end": "00:36:48", "text": "about all of that."}, {"start": "00:36:47", "end": "00:36:50", "text": ">> Well, what's interesting to me is a lot"}, {"start": "00:36:48", "end": "00:36:52", "text": "of these big banks, they have veteran"}, {"start": "00:36:50", "end": "00:36:53", "text": "programs where they're hiring veterans"}, {"start": "00:36:52", "end": "00:36:55", "text": "coming out of the military. They've been"}, {"start": "00:36:53", "end": "00:36:56", "text": "doing that for years. And so, uh, they"}, {"start": "00:36:55", "end": "00:36:57", "text": "talked about a little bit, but it maybe"}, {"start": "00:36:56", "end": "00:36:59", "text": "wasn't like the first thing on the front"}, {"start": "00:36:57", "end": "00:37:01", "text": "door that they would they would lead"}, {"start": "00:36:59", "end": "00:37:03", "text": "with. But one of the actual most telling"}, {"start": "00:37:01", "end": "00:37:06", "text": "things, I think, in the shift on Wall"}, {"start": "00:37:03", "end": "00:37:08", "text": "Street culturally, in JP Morgan's new"}, {"start": "00:37:06", "end": "00:37:10", "text": "building, there's a massive American"}, {"start": "00:37:08", "end": "00:37:12", "text": "flag in the middle of the building. And"}, {"start": "00:37:10", "end": "00:37:15", "text": "I don't think anyone was ever not"}, {"start": "00:37:12", "end": "00:37:18", "text": "patriotic. I just think that the flag in"}, {"start": "00:37:15", "end": "00:37:20", "text": "particular for a period of time over the"}, {"start": "00:37:18", "end": "00:37:22", "text": "last maybe decade started to be very"}, {"start": "00:37:20", "end": "00:37:23", "text": "polarizing"}, {"start": "00:37:22", "end": "00:37:25", "text": ">> and it kind of feels like a bunch of"}, {"start": "00:37:23", "end": "00:37:26", "text": "these banks just said we're just going"}, {"start": "00:37:25", "end": "00:37:28", "text": "to do the thing we think is right. Not"}, {"start": "00:37:26", "end": "00:37:29", "text": "everyone's going to agree with us but"}, {"start": "00:37:28", "end": "00:37:30", "text": "like we think that it's important to be"}, {"start": "00:37:29", "end": "00:37:32", "text": "pro America. We think it's important to"}, {"start": "00:37:30", "end": "00:37:33", "text": "allocate capital to these things. We're"}, {"start": "00:37:32", "end": "00:37:34", "text": "going to put a flag in our headquarters."}, {"start": "00:37:33", "end": "00:37:36", "text": "And when I say flag it's not like a"}, {"start": "00:37:34", "end": "00:37:38", "text": "little thing on the wall is a massive"}, {"start": "00:37:36", "end": "00:37:40", "text": "flag and a flag pole in the building."}, {"start": "00:37:38", "end": "00:37:41", "text": "And so when you look at that you start"}, {"start": "00:37:40", "end": "00:37:43", "text": "to say like well maybe that's actually"}, {"start": "00:37:41", "end": "00:37:45", "text": "what America needs. forget politics,"}, {"start": "00:37:43", "end": "00:37:47", "text": "forget anything else. It's like we need"}, {"start": "00:37:45", "end": "00:37:49", "text": "public and private enterprises working"}, {"start": "00:37:47", "end": "00:37:50", "text": "together to accelerate this stuff and it"}, {"start": "00:37:49", "end": "00:37:51", "text": "finally seems like maybe that's"}, {"start": "00:37:50", "end": "00:37:52", "text": "happening."}, {"start": "00:37:51", "end": "00:37:54", "text": ">> Yeah, it does seem like that's happening"}, {"start": "00:37:52", "end": "00:37:56", "text": "and we we'll see what it means in terms"}, {"start": "00:37:54", "end": "00:37:58", "text": "of knock-on effects for the economy,"}, {"start": "00:37:56", "end": "00:37:59", "text": "right? Um, and again, it sort of goes"}, {"start": "00:37:58", "end": "00:38:00", "text": "back to what I was just, you know, what"}, {"start": "00:37:59", "end": "00:38:02", "text": "I was saying earlier, which is like if"}, {"start": "00:38:00", "end": "00:38:05", "text": "you look at some of this macro data,"}, {"start": "00:38:02", "end": "00:38:06", "text": "this macroeconomic data, um, and you"}, {"start": "00:38:05", "end": "00:38:08", "text": "peel away the layers of uncertainty"}, {"start": "00:38:06", "end": "00:38:10", "text": "around, you know, consumers and high gas"}, {"start": "00:38:08", "end": "00:38:11", "text": "prices and yes, and, you know, inflation"}, {"start": "00:38:10", "end": "00:38:14", "text": "starting to ripple through and being"}, {"start": "00:38:11", "end": "00:38:15", "text": "sticky at this 3 to 4% rate potentially,"}, {"start": "00:38:14", "end": "00:38:18", "text": "blah, blah, blah. I mean, even if you"}, {"start": "00:38:15", "end": "00:38:19", "text": "look like beyond that, the e like"}, {"start": "00:38:18", "end": "00:38:21", "text": "economic growth itself seems to be"}, {"start": "00:38:19", "end": "00:38:23", "text": "pretty strong and pretty solid. The"}, {"start": "00:38:21", "end": "00:38:24", "text": "question of course is at what point do"}, {"start": "00:38:23", "end": "00:38:27", "text": "you start to see demand destruction from"}, {"start": "00:38:24", "end": "00:38:29", "text": "higher energy prices, etc. But I don't"}, {"start": "00:38:27", "end": "00:38:30", "text": "think we're there yet. And certainly if"}, {"start": "00:38:29", "end": "00:38:33", "text": "we get a resolution, which perhaps it"}, {"start": "00:38:30", "end": "00:38:36", "text": "seems like it's happening some form or"}, {"start": "00:38:33", "end": "00:38:39", "text": "fashion here. Um or at least not"}, {"start": "00:38:36", "end": "00:38:41", "text": "escalating, then I don't see how that"}, {"start": "00:38:39", "end": "00:38:43", "text": "doesn't continue to be the story."}, {"start": "00:38:41", "end": "00:38:44", "text": ">> Somebody recently said to me, \"We keep"}, {"start": "00:38:43", "end": "00:38:46", "text": "calling it a war, but we're not really"}, {"start": "00:38:44", "end": "00:38:47", "text": "we're not dropping missiles and they're"}, {"start": "00:38:46", "end": "00:38:49", "text": "not dro, you know, shooting out drones"}, {"start": "00:38:47", "end": "00:38:50", "text": "anymore. It's kind of like a stalemate"}, {"start": "00:38:49", "end": "00:38:51", "text": "in the street.\""}, {"start": "00:38:50", "end": "00:38:53", "text": ">> Yeah. It's a ceasefire. It's a"}, {"start": "00:38:51", "end": "00:38:56", "text": ">> It's kind of weird, right? Um but but"}, {"start": "00:38:53", "end": "00:38:58", "text": "still we call it a war now."}, {"start": "00:38:56", "end": "00:38:59", "text": "Given that the strait has become"}, {"start": "00:38:58", "end": "00:39:01", "text": "headline news every single day and"}, {"start": "00:38:59", "end": "00:39:02", "text": "people are pontificating on are our"}, {"start": "00:39:01", "end": "00:39:04", "text": "ships going are they not? We've seen"}, {"start": "00:39:02", "end": "00:39:06", "text": "people send their analysts to literally"}, {"start": "00:39:04", "end": "00:39:08", "text": "smuggle themselves on a boat and see you"}, {"start": "00:39:06", "end": "00:39:09", "text": "know what's going on. Uh Seronic is"}, {"start": "00:39:08", "end": "00:39:11", "text": "another business that I think is pretty"}, {"start": "00:39:09", "end": "00:39:13", "text": "interesting where it's got the defense"}, {"start": "00:39:11", "end": "00:39:16", "text": "angle but it's also this like AI"}, {"start": "00:39:13", "end": "00:39:18", "text": "autonomous uh ship. And so it feels like"}, {"start": "00:39:16", "end": "00:39:20", "text": "again um if you go back I I went I"}, {"start": "00:39:18", "end": "00:39:22", "text": "looked this morning a couple years ago I"}, {"start": "00:39:20", "end": "00:39:24", "text": "tweeted and I said well China's building"}, {"start": "00:39:22", "end": "00:39:26", "text": "all these ships here in America we're"}, {"start": "00:39:24", "end": "00:39:28", "text": "not. I would love to find someone who"}, {"start": "00:39:26", "end": "00:39:30", "text": "wants to build ships and I'll fund it."}, {"start": "00:39:28", "end": "00:39:32", "text": "The number one thing in the comments,"}, {"start": "00:39:30", "end": "00:39:33", "text": "Jones Act, we cannot do it in America."}, {"start": "00:39:32", "end": "00:39:34", "text": "We cannot do it in America, whatever."}, {"start": "00:39:33", "end": "00:39:36", "text": "And I went and I found a bunch of people"}, {"start": "00:39:34", "end": "00:39:37", "text": "and they were looking at electric. That"}, {"start": "00:39:36", "end": "00:39:39", "text": "was like the big thing is can we make"}, {"start": "00:39:37", "end": "00:39:40", "text": "electric ships or electric uh things?"}, {"start": "00:39:39", "end": "00:39:42", "text": "And the most interesting company that"}, {"start": "00:39:40", "end": "00:39:44", "text": "came out of the whole exercise was an"}, {"start": "00:39:42", "end": "00:39:46", "text": "electric barge and they wanted to"}, {"start": "00:39:44", "end": "00:39:47", "text": "basically put it down the Mississippi."}, {"start": "00:39:46", "end": "00:39:48", "text": "Okay, fine. May maybe that's valuable,"}, {"start": "00:39:47", "end": "00:39:50", "text": "maybe it's not. I have no clue. Have"}, {"start": "00:39:48", "end": "00:39:52", "text": "they been successful? Have they not? I"}, {"start": "00:39:50", "end": "00:39:55", "text": "haven't tracked the company. Seronic"}, {"start": "00:39:52", "end": "00:39:58", "text": "sounds way cooler. way more important,"}, {"start": "00:39:55", "end": "00:39:59", "text": "right? And obviously a much bigger leap"}, {"start": "00:39:58", "end": "00:40:01", "text": "from an innovation standpoint to you"}, {"start": "00:39:59", "end": "00:40:03", "text": "actually have autonomous ships that now"}, {"start": "00:40:01", "end": "00:40:05", "text": "we can essentially do what Palanteer and"}, {"start": "00:40:03", "end": "00:40:07", "text": "Andrew have been doing in the land and"}, {"start": "00:40:05", "end": "00:40:08", "text": "uh in the air, but now do in the ocean."}, {"start": "00:40:07", "end": "00:40:09", "text": "And so I know you spent a lot of time"}, {"start": "00:40:08", "end": "00:40:10", "text": "with that company. What are people"}, {"start": "00:40:09", "end": "00:40:12", "text": "saying about them?"}, {"start": "00:40:10", "end": "00:40:14", "text": ">> I mean, they're moving so quickly."}, {"start": "00:40:12", "end": "00:40:16", "text": "They're moving so quickly. Um and"}, {"start": "00:40:14", "end": "00:40:18", "text": "they've raised huh a boatload of"}, {"start": "00:40:16", "end": "00:40:22", "text": "capital. Um but they're moving"}, {"start": "00:40:18", "end": "00:40:23", "text": "incredibly quickly and um and and"}, {"start": "00:40:22", "end": "00:40:25", "text": "they're not the only ones either."}, {"start": "00:40:23", "end": "00:40:28", "text": "there's sort of a whole flurry of"}, {"start": "00:40:25", "end": "00:40:30", "text": "startups that are focused on um you know"}, {"start": "00:40:28", "end": "00:40:34", "text": "sea-based autonomy and sort of this next"}, {"start": "00:40:30", "end": "00:40:37", "text": "generation next next generation of um"}, {"start": "00:40:34", "end": "00:40:40", "text": "you know ship building and and uh"}, {"start": "00:40:37", "end": "00:40:41", "text": "military vessels. Um and so they're sort"}, {"start": "00:40:40", "end": "00:40:43", "text": "of on the forefront of it but there is"}, {"start": "00:40:41", "end": "00:40:45", "text": "there is a broader ecosystem here that"}, {"start": "00:40:43", "end": "00:40:47", "text": "is building out within defense tech. Uh,"}, {"start": "00:40:45", "end": "00:40:48", "text": "and when you think about something like,"}, {"start": "00:40:47", "end": "00:40:50", "text": "you know, hunting for mines in the"}, {"start": "00:40:48", "end": "00:40:52", "text": "street of Hormuse, like why are you"}, {"start": "00:40:50", "end": "00:40:53", "text": "going to put, you know, servicemen and"}, {"start": "00:40:52", "end": "00:40:55", "text": "women in harm's way when you can have an"}, {"start": "00:40:53", "end": "00:40:56", "text": "autonomous ship or vessel or submarine"}, {"start": "00:40:55", "end": "00:40:58", "text": "or something like that, you know, go go"}, {"start": "00:40:56", "end": "00:41:01", "text": "and do it. So, I think we're seeing in"}, {"start": "00:40:58", "end": "00:41:03", "text": "real time, whether it is this conflict,"}, {"start": "00:41:01", "end": "00:41:05", "text": "ceasefire, whatever you want to call it,"}, {"start": "00:41:03", "end": "00:41:06", "text": "in the Middle East, um or even what"}, {"start": "00:41:05", "end": "00:41:09", "text": "continues to go on in Russia and"}, {"start": "00:41:06", "end": "00:41:12", "text": "Ukraine, um you're seeing in real time"}, {"start": "00:41:09", "end": "00:41:14", "text": "how autonomy and AI are changing and"}, {"start": "00:41:12", "end": "00:41:16", "text": "affecting the battlefield and how"}, {"start": "00:41:14", "end": "00:41:19", "text": "they're also simultaneously taking"}, {"start": "00:41:16", "end": "00:41:22", "text": "people out of harm's way and giving the"}, {"start": "00:41:19", "end": "00:41:24", "text": "US an upper hand and allies an upper"}, {"start": "00:41:22", "end": "00:41:26", "text": "hand in a way that um I think is very"}, {"start": "00:41:24", "end": "00:41:28", "text": "very meaningful for the future and sort"}, {"start": "00:41:26", "end": "00:41:31", "text": "of gives you a better stronger sense of"}, {"start": "00:41:28", "end": "00:41:34", "text": "why AI is dual use technology will never"}, {"start": "00:41:31", "end": "00:41:37", "text": "not be and B because of that is a"}, {"start": "00:41:34", "end": "00:41:38", "text": "geopolitical arms race with China."}, {"start": "00:41:37", "end": "00:41:40", "text": ">> All right guys, let's talk about"}, {"start": "00:41:38", "end": "00:41:42", "text": "something that's actually moving the"}, {"start": "00:41:40", "end": "00:41:43", "text": "needle in crypto right now. Arch public."}, {"start": "00:41:42", "end": "00:41:45", "text": "These guys are killing it. They continue"}, {"start": "00:41:43", "end": "00:41:48", "text": "to lead the way in aentic trading. With"}, {"start": "00:41:45", "end": "00:41:50", "text": "the addition of Arch AI, the market wave"}, {"start": "00:41:48", "end": "00:41:51", "text": "algorithm and their tax harvest tool,"}, {"start": "00:41:50", "end": "00:41:53", "text": "they have turned it into a true one-stop"}, {"start": "00:41:51", "end": "00:41:55", "text": "shop for automated trading. Now with"}, {"start": "00:41:53", "end": "00:41:57", "text": "over 25,000 users, including several"}, {"start": "00:41:55", "end": "00:41:59", "text": "corporate treasuries, asset managers,"}, {"start": "00:41:57", "end": "00:42:01", "text": "and businesses, the testing phase, that"}, {"start": "00:41:59", "end": "00:42:03", "text": "thing's over. They've perfected how to"}, {"start": "00:42:01", "end": "00:42:05", "text": "automate advanced trading strategies"}, {"start": "00:42:03", "end": "00:42:08", "text": "without ever taking custody or asking"}, {"start": "00:42:05", "end": "00:42:10", "text": "you for your private keys. Arch Public"}, {"start": "00:42:08", "end": "00:42:11", "text": "is an action speak louder than words"}, {"start": "00:42:10", "end": "00:42:13", "text": "type company. You know, my type of"}, {"start": "00:42:11", "end": "00:42:15", "text": "people. They give every user access to"}, {"start": "00:42:13", "end": "00:42:17", "text": "their platform absolutely free. You get"}, {"start": "00:42:15", "end": "00:42:19", "text": "to test it, run the strategies, watch"}, {"start": "00:42:17", "end": "00:42:22", "text": "the performance in real time, and only"}, {"start": "00:42:19", "end": "00:42:24", "text": "put real money to work when you're 100%"}, {"start": "00:42:22", "end": "00:42:27", "text": "comfortable. That's it. No pressure, no"}, {"start": "00:42:24", "end": "00:42:29", "text": "hidden fees, and no gotchas. Go to"}, {"start": "00:42:27", "end": "00:42:31", "text": "archpubic.com right now and get started"}, {"start": "00:42:29", "end": "00:42:33", "text": "for free. Once you see how you can"}, {"start": "00:42:31", "end": "00:42:35", "text": "accumulate and manage crypto this way,"}, {"start": "00:42:33", "end": "00:42:37", "text": "you'll never trade the same again."}, {"start": "00:42:35", "end": "00:42:40", "text": "archpub.com."}, {"start": "00:42:37", "end": "00:42:42", "text": "Go check them out today. Today's episode"}, {"start": "00:42:40", "end": "00:42:44", "text": "is brought to you by BitGet. 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Users"}, {"start": "00:43:05", "end": "00:43:09", "text": "can now trade 79 instruments across"}, {"start": "00:43:07", "end": "00:43:11", "text": "global macro assets such as forex,"}, {"start": "00:43:09", "end": "00:43:13", "text": "precious metals, indices, and"}, {"start": "00:43:11", "end": "00:43:16", "text": "commodities directly with USDT, all"}, {"start": "00:43:13", "end": "00:43:17", "text": "within their existing BTG account. 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Bit"}, {"start": "00:43:38", "end": "00:43:42", "text": "is driving crypto adoption through"}, {"start": "00:43:39", "end": "00:43:44", "text": "strategic partnerships with La Liga and"}, {"start": "00:43:42", "end": "00:43:46", "text": "Moto GP. Aligned with its global impact"}, {"start": "00:43:44", "end": "00:43:48", "text": "strategy, Bit has joined hands with"}, {"start": "00:43:46", "end": "00:43:51", "text": "UNICEF to support blockchain education"}, {"start": "00:43:48", "end": "00:43:53", "text": "for 1.1 million people by 2027. Bit"}, {"start": "00:43:51", "end": "00:43:55", "text": "currently leads in tokenized Trefy"}, {"start": "00:43:53", "end": "00:43:57", "text": "market, providing the industry's lowest"}, {"start": "00:43:55", "end": "00:43:59", "text": "fees and highest liquidity across 150"}, {"start": "00:43:57", "end": "00:44:02", "text": "regions worldwide."}, {"start": "00:43:59", "end": "00:44:05", "text": "Check them out at bitget.com today."}, {"start": "00:44:02", "end": "00:44:08", "text": "That's bit.com"}, {"start": "00:44:05", "end": "00:44:08", "text": "today."}, {"start": "00:44:08", "end": "00:44:11", "text": "I always think about uh the use of these"}, {"start": "00:44:10", "end": "00:44:13", "text": "technologies like there's the hey don't"}, {"start": "00:44:11", "end": "00:44:14", "text": "put service members in harm's way and I"}, {"start": "00:44:13", "end": "00:44:16", "text": "think that's a very valiant you know"}, {"start": "00:44:14", "end": "00:44:18", "text": "argument and I think people kind of uh"}, {"start": "00:44:16", "end": "00:44:19", "text": "it resonates with them but also the"}, {"start": "00:44:18", "end": "00:44:21", "text": "technology is more accurate than the"}, {"start": "00:44:19", "end": "00:44:24", "text": "human eye. Like I remember we used to do"}, {"start": "00:44:21", "end": "00:44:26", "text": "night route clearance in Iraq in 2008"}, {"start": "00:44:24", "end": "00:44:29", "text": "2009 and our ability to determine"}, {"start": "00:44:26", "end": "00:44:31", "text": "whether it was an IED or a pile of trash"}, {"start": "00:44:29", "end": "00:44:33", "text": "was not very good. And so what you did"}, {"start": "00:44:31", "end": "00:44:34", "text": "is you just drove over it and you hoped"}, {"start": "00:44:33", "end": "00:44:36", "text": "it didn't explode. And that was the"}, {"start": "00:44:34", "end": "00:44:38", "text": "vehicles were built to sustain the blow."}, {"start": "00:44:36", "end": "00:44:40", "text": "And that was kind of the you know on the"}, {"start": "00:44:38", "end": "00:44:42", "text": "ground truth is that's not what they"}, {"start": "00:44:40", "end": "00:44:44", "text": "trained you to do. But in reality that"}, {"start": "00:44:42", "end": "00:44:45", "text": "was the solution is we cannot stop for"}, {"start": "00:44:44", "end": "00:44:47", "text": "every piece of trash on this road or we"}, {"start": "00:44:45", "end": "00:44:48", "text": "will never complete the mission. So just"}, {"start": "00:44:47", "end": "00:44:50", "text": "drive over it."}, {"start": "00:44:48", "end": "00:44:52", "text": ">> Wow. Now I think back like wait a minute"}, {"start": "00:44:50", "end": "00:44:53", "text": "with the technology today you could tell"}, {"start": "00:44:52", "end": "00:44:55", "text": "the heat signature you could easily use"}, {"start": "00:44:53", "end": "00:44:57", "text": "AI to identify this stuff you probably"}, {"start": "00:44:55", "end": "00:44:59", "text": "could even use some sort of time lapse"}, {"start": "00:44:57", "end": "00:45:01", "text": "from drones overhead you know all of"}, {"start": "00:44:59", "end": "00:45:02", "text": "these technologies forget keeping the"}, {"start": "00:45:01", "end": "00:45:04", "text": "human safe it's actually like you would"}, {"start": "00:45:02", "end": "00:45:06", "text": "just become more accurate in identifying"}, {"start": "00:45:04", "end": "00:45:08", "text": "it self-driving cars same thing like the"}, {"start": "00:45:06", "end": "00:45:09", "text": "best argument for self-driving cars has"}, {"start": "00:45:08", "end": "00:45:11", "text": "nothing to do with drivers has to do"}, {"start": "00:45:09", "end": "00:45:13", "text": "with the safety of the passenger and if"}, {"start": "00:45:11", "end": "00:45:15", "text": "it's safer for people well guess what"}, {"start": "00:45:13", "end": "00:45:16", "text": "people put their kids in those cars"}, {"start": "00:45:15", "end": "00:45:19", "text": "people will get in those cars themselves"}, {"start": "00:45:16", "end": "00:45:21", "text": "and so it does feel like The old"}, {"start": "00:45:19", "end": "00:45:24", "text": "argument is almost this like uh we're"}, {"start": "00:45:21", "end": "00:45:25", "text": "protecting you know uh service members"}, {"start": "00:45:24", "end": "00:45:27", "text": "etc. Now the defense companies are"}, {"start": "00:45:25", "end": "00:45:28", "text": "really making like an offensive argument"}, {"start": "00:45:27", "end": "00:45:30", "text": "like no we're just more lethal, we're"}, {"start": "00:45:28", "end": "00:45:32", "text": "more effective. We are cheaper you know"}, {"start": "00:45:30", "end": "00:45:34", "text": "everything is about the value that is"}, {"start": "00:45:32", "end": "00:45:35", "text": "provided not here's the thing that we're"}, {"start": "00:45:34", "end": "00:45:36", "text": "saving. Do you see that in when you're"}, {"start": "00:45:35", "end": "00:45:38", "text": "talking to these executives?"}, {"start": "00:45:36", "end": "00:45:39", "text": ">> Yeah and I think you know and I think"}, {"start": "00:45:38", "end": "00:45:41", "text": "there's like a flip side to like there's"}, {"start": "00:45:39", "end": "00:45:42", "text": "always an argument and counterargument"}, {"start": "00:45:41", "end": "00:45:46", "text": "to everything. So like on the flip side,"}, {"start": "00:45:42", "end": "00:45:48", "text": "saving lives, um becoming on the other"}, {"start": "00:45:46", "end": "00:45:51", "text": "side of it, lethal, more targeted, more"}, {"start": "00:45:48", "end": "00:45:53", "text": "effective. Um the other piece of that"}, {"start": "00:45:51", "end": "00:45:55", "text": "argument then becomes, okay, if we're if"}, {"start": "00:45:53", "end": "00:45:59", "text": "we're moving towards robot, you know,"}, {"start": "00:45:55", "end": "00:46:01", "text": "robot armies and you know, an automated"}, {"start": "00:45:59", "end": "00:46:03", "text": "battlefield future, what does that mean"}, {"start": "00:46:01", "end": "00:46:04", "text": "for the sanctity of human life overall?"}, {"start": "00:46:03", "end": "00:46:06", "text": "So like I've heard those debates, too,"}, {"start": "00:46:04", "end": "00:46:11", "text": "and I can see how you can go there or,"}, {"start": "00:46:06", "end": "00:46:13", "text": "you know, folks can go there. Um, but"}, {"start": "00:46:11", "end": "00:46:16", "text": "I don't know. I"}, {"start": "00:46:13", "end": "00:46:19", "text": ">> I mean I Iran is probably the first war"}, {"start": "00:46:16", "end": "00:46:21", "text": "in human history where humans did not go"}, {"start": "00:46:19", "end": "00:46:22", "text": "on the battlefield,"}, {"start": "00:46:21", "end": "00:46:22", "text": "right? And again, like what is your"}, {"start": "00:46:22", "end": "00:46:23", "text": "definition?"}, {"start": "00:46:22", "end": "00:46:26", "text": ">> I mean, we did we were boots on the"}, {"start": "00:46:23", "end": "00:46:27", "text": "ground in Iran, if you want to call it"}, {"start": "00:46:26", "end": "00:46:28", "text": "that."}, {"start": "00:46:27", "end": "00:46:29", "text": ">> That's the thing. It's like what is your"}, {"start": "00:46:28", "end": "00:46:32", "text": "definition of on the battlefield? Right?"}, {"start": "00:46:29", "end": "00:46:34", "text": "If we went and we saved the pilot that"}, {"start": "00:46:32", "end": "00:46:36", "text": "was down, right? Okay, fine. Some people"}, {"start": "00:46:34", "end": "00:46:38", "text": "will say that that disqualifies, but"}, {"start": "00:46:36", "end": "00:46:39", "text": "like in the actual combat of the"}, {"start": "00:46:38", "end": "00:46:41", "text": "battlefield,"}, {"start": "00:46:39", "end": "00:46:42", "text": ">> drone, the drones, the autonomy,"}, {"start": "00:46:41", "end": "00:46:44", "text": "everything that's beenated off of"}, {"start": "00:46:42", "end": "00:46:46", "text": "aircraft carriers like Yes."}, {"start": "00:46:44", "end": "00:46:47", "text": ">> And I would argue that the other side as"}, {"start": "00:46:46", "end": "00:46:49", "text": "well, right? It's not like they have,"}, {"start": "00:46:47", "end": "00:46:51", "text": "you know, they don't have guys with"}, {"start": "00:46:49", "end": "00:46:52", "text": "AK-47s lined up in the desert trying to"}, {"start": "00:46:51", "end": "00:46:53", "text": "shoot stuff, right? I mean, they they"}, {"start": "00:46:52", "end": "00:46:55", "text": "have"}, {"start": "00:46:53", "end": "00:46:57", "text": ">> look even now look what's going on even,"}, {"start": "00:46:55", "end": "00:46:58", "text": "you know, with um critical"}, {"start": "00:46:57", "end": "00:47:01", "text": "infrastructure in the region and like"}, {"start": "00:46:58", "end": "00:47:03", "text": "the threat that drones pose from Iran."}, {"start": "00:47:01", "end": "00:47:06", "text": "So, yes, 100%. I would say I would say"}, {"start": "00:47:03", "end": "00:47:08", "text": "the Ukraine war is where we really saw"}, {"start": "00:47:06", "end": "00:47:10", "text": "saw you know drone warfare blossom but"}, {"start": "00:47:08", "end": "00:47:12", "text": "much more of a groundbased sort of"}, {"start": "00:47:10", "end": "00:47:14", "text": "traditional war where you're seeing that"}, {"start": "00:47:12", "end": "00:47:16", "text": "type of autonomy and that type of"}, {"start": "00:47:14", "end": "00:47:18", "text": "technology deployed. To your point in"}, {"start": "00:47:16", "end": "00:47:21", "text": "Iran it's it's a different situation. Um"}, {"start": "00:47:18", "end": "00:47:24", "text": "and so yeah is it triggering more"}, {"start": "00:47:21", "end": "00:47:26", "text": "spending more fielding of more"}, {"start": "00:47:24", "end": "00:47:29", "text": "technologies"}, {"start": "00:47:26", "end": "00:47:32", "text": "for the future? Yes. um does all of this"}, {"start": "00:47:29", "end": "00:47:35", "text": "sort of put us in a race for better or"}, {"start": "00:47:32", "end": "00:47:36", "text": "worse and a it's really a race to ensure"}, {"start": "00:47:35", "end": "00:47:38", "text": "deterrence against China which is"}, {"start": "00:47:36", "end": "00:47:42", "text": "obviously also working on its own dual"}, {"start": "00:47:38", "end": "00:47:45", "text": "use capability AI and drones etc. Yes."}, {"start": "00:47:42", "end": "00:47:47", "text": "Um, so it's it's it's"}, {"start": "00:47:45", "end": "00:47:48", "text": "that's where that's where we're headed"}, {"start": "00:47:47", "end": "00:47:50", "text": "for sure. And some and a company like"}, {"start": "00:47:48", "end": "00:47:51", "text": "Seronic and some of these other defense"}, {"start": "00:47:50", "end": "00:47:53", "text": "tech companies become, you know, and"}, {"start": "00:47:51", "end": "00:47:54", "text": "that's the reason why the ones that are"}, {"start": "00:47:53", "end": "00:47:57", "text": "going public right now, even the smaller"}, {"start": "00:47:54", "end": "00:48:00", "text": "companies are less known companies um"}, {"start": "00:47:57", "end": "00:48:02", "text": "are seeing just like huge debuts um on"}, {"start": "00:48:00", "end": "00:48:03", "text": ">> well they're good, right? They can build"}, {"start": "00:48:02", "end": "00:48:04", "text": "the technology and they can do the"}, {"start": "00:48:03", "end": "00:48:06", "text": "business side. I think that's one of the"}, {"start": "00:48:04", "end": "00:48:07", "text": "things that uh as I've learned more and"}, {"start": "00:48:06", "end": "00:48:08", "text": "more about these industries over the"}, {"start": "00:48:07", "end": "00:48:10", "text": "years that people don't really"}, {"start": "00:48:08", "end": "00:48:11", "text": "appreciate is that usually the teams"}, {"start": "00:48:10", "end": "00:48:13", "text": "that are really good at building the"}, {"start": "00:48:11", "end": "00:48:14", "text": "technology are not really good at"}, {"start": "00:48:13", "end": "00:48:15", "text": "scaling the business and doing the BD"}, {"start": "00:48:14", "end": "00:48:17", "text": "and selling to the government and doing"}, {"start": "00:48:15", "end": "00:48:17", "text": "all that kind of stuff. Right. Good"}, {"start": "00:48:17", "end": "00:48:19", "text": "point."}, {"start": "00:48:17", "end": "00:48:21", "text": ">> And so um we're investors in a company"}, {"start": "00:48:19", "end": "00:48:23", "text": "called Andis and like their whole thing"}, {"start": "00:48:21", "end": "00:48:26", "text": "is just outsource all the R&D to let"}, {"start": "00:48:23", "end": "00:48:27", "text": "these other startups create the"}, {"start": "00:48:26", "end": "00:48:28", "text": "technology. Once it works we know that"}, {"start": "00:48:27", "end": "00:48:30", "text": "they're not going to be able to sell the"}, {"start": "00:48:28", "end": "00:48:31", "text": "government. we'll just buy the company"}, {"start": "00:48:30", "end": "00:48:32", "text": "and then we're really good at doing all"}, {"start": "00:48:31", "end": "00:48:34", "text": "the commercial, you know, business"}, {"start": "00:48:32", "end": "00:48:36", "text": "development, uh, government contracting,"}, {"start": "00:48:34", "end": "00:48:39", "text": "etc. It's working so far. Let's see if"}, {"start": "00:48:36", "end": "00:48:41", "text": "they continue. But like it's almost like"}, {"start": "00:48:39", "end": "00:48:42", "text": "private enterprise realized you need a"}, {"start": "00:48:41", "end": "00:48:44", "text": "translation layer. The best"}, {"start": "00:48:42", "end": "00:48:45", "text": "technologists are not the best"}, {"start": "00:48:44", "end": "00:48:48", "text": "salespeople to the government and vice"}, {"start": "00:48:45", "end": "00:48:50", "text": "versa. But to me, like an Anderil,"}, {"start": "00:48:48", "end": "00:48:52", "text": "they're great at both. Palanteer is"}, {"start": "00:48:50", "end": "00:48:53", "text": "great at both, right? And so you sort of"}, {"start": "00:48:52", "end": "00:48:55", "text": "see the Seronic is great at both. And so"}, {"start": "00:48:53", "end": "00:48:57", "text": "like it's almost like they're more"}, {"start": "00:48:55", "end": "00:48:59", "text": "special because they're good at both the"}, {"start": "00:48:57", "end": "00:49:00", "text": "technology and the business side."}, {"start": "00:48:59", "end": "00:49:02", "text": "There's just not that many of those."}, {"start": "00:49:00", "end": "00:49:03", "text": ">> Well, and I think it also gets at the"}, {"start": "00:49:02", "end": "00:49:05", "text": "heart of sort of what you're seeing in"}, {"start": "00:49:03", "end": "00:49:07", "text": "general when it comes to where the"}, {"start": "00:49:05", "end": "00:49:08", "text": "future of warfare is concerned, but also"}, {"start": "00:49:07", "end": "00:49:10", "text": "just this convergence going back to my"}, {"start": "00:49:08", "end": "00:49:13", "text": "triangle, just the convergence of like,"}, {"start": "00:49:10", "end": "00:49:15", "text": "you know, capital, technology, and"}, {"start": "00:49:13", "end": "00:49:18", "text": "policy. And that is just how many"}, {"start": "00:49:15", "end": "00:49:20", "text": "companies and startups are now dual use"}, {"start": "00:49:18", "end": "00:49:22", "text": "companies. even if they're working in"}, {"start": "00:49:20", "end": "00:49:25", "text": "autonomous driving like they're working"}, {"start": "00:49:22", "end": "00:49:26", "text": "or you think about like EV talls right"}, {"start": "00:49:25", "end": "00:49:28", "text": "um they're also working with the"}, {"start": "00:49:26", "end": "00:49:31", "text": "government because they can sort of you"}, {"start": "00:49:28", "end": "00:49:32", "text": "know fasttrack testing the technology"}, {"start": "00:49:31", "end": "00:49:35", "text": "and sort of get that stamp of approval"}, {"start": "00:49:32", "end": "00:49:38", "text": "that you know you know gold star stamp"}, {"start": "00:49:35", "end": "00:49:39", "text": "of approval by working with the military"}, {"start": "00:49:38", "end": "00:49:41", "text": "um with all this autonomous technology"}, {"start": "00:49:39", "end": "00:49:43", "text": "um in all these different types of"}, {"start": "00:49:41", "end": "00:49:45", "text": "vehicles and basically get it ready for"}, {"start": "00:49:43", "end": "00:49:48", "text": "prime time for consumer use in a"}, {"start": "00:49:45", "end": "00:49:50", "text": "mainstream way as well. Um, and so I"}, {"start": "00:49:48", "end": "00:49:52", "text": "think this idea of fielding commercial"}, {"start": "00:49:50", "end": "00:49:53", "text": "technologies, which the Pentagon has"}, {"start": "00:49:52", "end": "00:49:55", "text": "really leaned in leaned into an"}, {"start": "00:49:53", "end": "00:49:56", "text": "aggressive way, and drones are another"}, {"start": "00:49:55", "end": "00:49:58", "text": "good example of this. This idea of like"}, {"start": "00:49:56", "end": "00:50:00", "text": "how do you mass manufacture something"}, {"start": "00:49:58", "end": "00:50:03", "text": "and do it at affordable rates and do it"}, {"start": "00:50:00", "end": "00:50:06", "text": "in a way that you can sell products, you"}, {"start": "00:50:03", "end": "00:50:08", "text": "know, commercially, but also be able to"}, {"start": "00:50:06", "end": "00:50:12", "text": "sell to the government um to then drive"}, {"start": "00:50:08", "end": "00:50:14", "text": "down costs, create more competition, and"}, {"start": "00:50:12", "end": "00:50:17", "text": "ensure that there's supply chain"}, {"start": "00:50:14", "end": "00:50:18", "text": "resilience. um that is that is very much"}, {"start": "00:50:17", "end": "00:50:20", "text": "the focus and the name of the game. So"}, {"start": "00:50:18", "end": "00:50:22", "text": "whether it's on the self-driving side,"}, {"start": "00:50:20", "end": "00:50:23", "text": "by the way, ship building, I didn't even"}, {"start": "00:50:22", "end": "00:50:25", "text": "touch on this with you. Ship building, I"}, {"start": "00:50:23", "end": "00:50:27", "text": "mean, this is a huge this idea of"}, {"start": "00:50:25", "end": "00:50:30", "text": "bringing commercial ship building back"}, {"start": "00:50:27", "end": "00:50:33", "text": "to the US. Huge, huge, huge initiative."}, {"start": "00:50:30", "end": "00:50:36", "text": "Um, passion project even um within this"}, {"start": "00:50:33", "end": "00:50:38", "text": "administration. And it starts with"}, {"start": "00:50:36", "end": "00:50:40", "text": "military ship building. It starts with a"}, {"start": "00:50:38", "end": "00:50:41", "text": "company like Seronic. Um, you know,"}, {"start": "00:50:40", "end": "00:50:43", "text": "building and sort of using AI in the"}, {"start": "00:50:41", "end": "00:50:46", "text": "factories to"}, {"start": "00:50:43", "end": "00:50:49", "text": "create ships more quickly and then being"}, {"start": "00:50:46", "end": "00:50:51", "text": "able to repurpose that for commercial"}, {"start": "00:50:49", "end": "00:50:53", "text": "use as well. And if that happens, when"}, {"start": "00:50:51", "end": "00:50:56", "text": "that happens, everybody wins, right?"}, {"start": "00:50:53", "end": "00:50:57", "text": "Because you now have more jobs, you have"}, {"start": "00:50:56", "end": "00:50:59", "text": "more manufacturing capability, more"}, {"start": "00:50:57", "end": "00:51:01", "text": "economic output, but you also have this"}, {"start": "00:50:59", "end": "00:51:03", "text": "resilient supply chain because you're"}, {"start": "00:51:01", "end": "00:51:05", "text": "going to be selling into a commercial"}, {"start": "00:51:03", "end": "00:51:06", "text": "marketplace as well as selling into the"}, {"start": "00:51:05", "end": "00:51:07", "text": "government. and this idea of being able"}, {"start": "00:51:06", "end": "00:51:09", "text": "to have overlap. It's almost like"}, {"start": "00:51:07", "end": "00:51:10", "text": "planes, right? Like you see this certain"}, {"start": "00:51:09", "end": "00:51:13", "text": "types, you know, models of planes that"}, {"start": "00:51:10", "end": "00:51:14", "text": "Boeing makes, for example. Um, and"}, {"start": "00:51:13", "end": "00:51:16", "text": "that's what they're trying to do with"}, {"start": "00:51:14", "end": "00:51:18", "text": "ship building. So, it it makes sense"}, {"start": "00:51:16", "end": "00:51:19", "text": "when you think about it that way because"}, {"start": "00:51:18", "end": "00:51:22", "text": "ultimately you're going to drive down"}, {"start": "00:51:19", "end": "00:51:25", "text": "costs. You're going to boost competition"}, {"start": "00:51:22", "end": "00:51:28", "text": "um and you're going to create a base, an"}, {"start": "00:51:25", "end": "00:51:29", "text": "industrial base that, um, is not so"}, {"start": "00:51:28", "end": "00:51:31", "text": "fragile, which is what we've seen, and"}, {"start": "00:51:29", "end": "00:51:34", "text": "which has been such a big problem on the"}, {"start": "00:51:31", "end": "00:51:35", "text": "military side. And arguably just when"}, {"start": "00:51:34", "end": "00:51:36", "text": "you think about what's happened to"}, {"start": "00:51:35", "end": "00:51:37", "text": "manufacturing in America in general in"}, {"start": "00:51:36", "end": "00:51:39", "text": "the last couple decades,"}, {"start": "00:51:37", "end": "00:51:40", "text": ">> you've mentioned that spectrum."}, {"start": "00:51:39", "end": "00:51:41", "text": ">> That makes sense, right?"}, {"start": "00:51:40", "end": "00:51:43", "text": ">> Makes complete sense. Makes complete"}, {"start": "00:51:41", "end": "00:51:45", "text": "sense. Uh spectrum is the hottest"}, {"start": "00:51:43", "end": "00:51:46", "text": "commodity in the AI arms race."}, {"start": "00:51:45", "end": "00:51:47", "text": ">> Oh,"}, {"start": "00:51:46", "end": "00:51:50", "text": ">> what does that mean?"}, {"start": "00:51:47", "end": "00:51:52", "text": ">> Spectrum, the thing you can't touch or"}, {"start": "00:51:50", "end": "00:51:54", "text": "see or taste. Um, and that is actually"}, {"start": "00:51:52", "end": "00:51:58", "text": "owned or controlled by the government."}, {"start": "00:51:54", "end": "00:52:00", "text": "um and is you know sold out to companies"}, {"start": "00:51:58", "end": "00:52:02", "text": "in some cases with a lot of involvement"}, {"start": "00:52:00", "end": "00:52:04", "text": "from lawmakers because there national"}, {"start": "00:52:02", "end": "00:52:05", "text": "security implications to that too. But"}, {"start": "00:52:04", "end": "00:52:08", "text": "spectrum is basically what enables"}, {"start": "00:52:05", "end": "00:52:12", "text": "connectivity right and spectrum I think"}, {"start": "00:52:08", "end": "00:52:14", "text": "is its own sort of commodity race right"}, {"start": "00:52:12", "end": "00:52:15", "text": "now. I mean case in point you talk about"}, {"start": "00:52:14", "end": "00:52:18", "text": "Star we're bringing this full circle you"}, {"start": "00:52:15", "end": "00:52:20", "text": "talk about Starlink and um you talk"}, {"start": "00:52:18", "end": "00:52:22", "text": "about the connect connectivity there. I"}, {"start": "00:52:20", "end": "00:52:24", "text": "mean, SpaceX did their deals to buy"}, {"start": "00:52:22", "end": "00:52:26", "text": "spectrum from the company formerly known"}, {"start": "00:52:24", "end": "00:52:28", "text": "as Dish, now known as Echoar, uh, in"}, {"start": "00:52:26", "end": "00:52:30", "text": "part to be able to enable more"}, {"start": "00:52:28", "end": "00:52:32", "text": "connectivity for people using Starlink"}, {"start": "00:52:30", "end": "00:52:35", "text": "and companies using Starlink and the"}, {"start": "00:52:32", "end": "00:52:38", "text": "military using Starlink. Um, you look at"}, {"start": "00:52:35", "end": "00:52:39", "text": "Global Star, which has, you know, a big"}, {"start": "00:52:38", "end": "00:52:41", "text": "has had a big partnership with Apple"}, {"start": "00:52:39", "end": "00:52:43", "text": "over the last couple of years getting"}, {"start": "00:52:41", "end": "00:52:44", "text": "purchased by Amazon as they're, you"}, {"start": "00:52:43", "end": "00:52:47", "text": "know, rolling out their Starling"}, {"start": "00:52:44", "end": "00:52:52", "text": "competitor LEO as well. Um, you can't"}, {"start": "00:52:47", "end": "00:52:55", "text": "have you can't have full autonomy. You"}, {"start": "00:52:52", "end": "00:52:57", "text": "can't have full AI capability unless you"}, {"start": "00:52:55", "end": "00:52:58", "text": "have the connections as well. It's not"}, {"start": "00:52:57", "end": "00:53:01", "text": "just about the energy to run the"}, {"start": "00:52:58", "end": "00:53:04", "text": "compute. It's also about the connection"}, {"start": "00:53:01", "end": "00:53:05", "text": "to be able to do this continuously. Um,"}, {"start": "00:53:04", "end": "00:53:07", "text": "and Spectrum is what enables that. But"}, {"start": "00:53:05", "end": "00:53:09", "text": "as you see more things like more drone"}, {"start": "00:53:07", "end": "00:53:11", "text": "warfare, more autonomous warfare, um"}, {"start": "00:53:09", "end": "00:53:13", "text": "you've also seen some of these fights"}, {"start": "00:53:11", "end": "00:53:16", "text": "brewing in Washington around what"}, {"start": "00:53:13", "end": "00:53:18", "text": "spectrum is going to be put up for"}, {"start": "00:53:16", "end": "00:53:20", "text": "auction to the private sector and what"}, {"start": "00:53:18", "end": "00:53:22", "text": "spectrum is going to be held on to by"}, {"start": "00:53:20", "end": "00:53:24", "text": "the government right now as well because"}, {"start": "00:53:22", "end": "00:53:27", "text": "all of that connectivity that's enabled"}, {"start": "00:53:24", "end": "00:53:28", "text": "by spectrum is in higher and higher"}, {"start": "00:53:27", "end": "00:53:30", "text": "demand right now. And by the way, that's"}, {"start": "00:53:28", "end": "00:53:31", "text": "just from a US standpoint. It's a"}, {"start": "00:53:30", "end": "00:53:33", "text": "totally different thing when you when"}, {"start": "00:53:31", "end": "00:53:35", "text": "you when you go out into like"}, {"start": "00:53:33", "end": "00:53:36", "text": "international realm. What I always find"}, {"start": "00:53:35", "end": "00:53:38", "text": "interesting about Starlink is uh I"}, {"start": "00:53:36", "end": "00:53:40", "text": "worked at Facebook and at the time we"}, {"start": "00:53:38", "end": "00:53:41", "text": "had internet.org or and they were"}, {"start": "00:53:40", "end": "00:53:43", "text": "competing with Google who was trying to"}, {"start": "00:53:41", "end": "00:53:45", "text": "do the hot air balloons and you know"}, {"start": "00:53:43", "end": "00:53:47", "text": "float them across whatever and little"}, {"start": "00:53:45", "end": "00:53:48", "text": "did we all know everyone was operating"}, {"start": "00:53:47", "end": "00:53:50", "text": "within the constraint of like you have"}, {"start": "00:53:48", "end": "00:53:51", "text": "to do something within the atmosphere"}, {"start": "00:53:50", "end": "00:53:53", "text": "and then Elon's just like why don't I"}, {"start": "00:53:51", "end": "00:53:55", "text": "just put a satellite exact same idea"}, {"start": "00:53:53", "end": "00:53:57", "text": "just different approach to it and you"}, {"start": "00:53:55", "end": "00:53:59", "text": "know gang busters and so on one hand you"}, {"start": "00:53:57", "end": "00:54:00", "text": "know Facebook Google etc they were all"}, {"start": "00:53:59", "end": "00:54:03", "text": "correct and trying to beam the internet"}, {"start": "00:54:00", "end": "00:54:05", "text": "down to people it's just that the tools"}, {"start": "00:54:03", "end": "00:54:06", "text": "they were using were not the right tools"}, {"start": "00:54:05", "end": "00:54:09", "text": "or the right approach and then here"}, {"start": "00:54:06", "end": "00:54:10", "text": "comes Elon not a new idea uh he's got"}, {"start": "00:54:09", "end": "00:54:12", "text": "this competitive advantage of the launch"}, {"start": "00:54:10", "end": "00:54:13", "text": "cost. Next thing you know, he's got, you"}, {"start": "00:54:12", "end": "00:54:15", "text": "know, a significant business in"}, {"start": "00:54:13", "end": "00:54:16", "text": "Starling. It's pretty interesting."}, {"start": "00:54:15", "end": "00:54:18", "text": ">> Yeah. I want to be clear, there's been"}, {"start": "00:54:16", "end": "00:54:20", "text": "communications, satellites,"}, {"start": "00:54:18", "end": "00:54:24", "text": "constellations operating for a very long"}, {"start": "00:54:20", "end": "00:54:25", "text": "time. Um and but most of them, if not"}, {"start": "00:54:24", "end": "00:54:29", "text": "all of them, have been geocynchronous"}, {"start": "00:54:25", "end": "00:54:30", "text": "orbit. And at the time, I think when"}, {"start": "00:54:29", "end": "00:54:31", "text": "they started building out Starlink,"}, {"start": "00:54:30", "end": "00:54:32", "text": "there was sort of the sense of, you"}, {"start": "00:54:31", "end": "00:54:33", "text": "know, it's very hard to do this from"}, {"start": "00:54:32", "end": "00:54:35", "text": "lower Earth orbit. There's all these"}, {"start": "00:54:33", "end": "00:54:37", "text": "challenges. There's all these, you know,"}, {"start": "00:54:35", "end": "00:54:39", "text": "headaches associated with it. And in"}, {"start": "00:54:37", "end": "00:54:40", "text": "typical SpaceX fashion, they said,"}, {"start": "00:54:39", "end": "00:54:42", "text": "\"Okay, we're going to design an"}, {"start": "00:54:40", "end": "00:54:43", "text": "engineer. We're going to think about"}, {"start": "00:54:42", "end": "00:54:44", "text": "this differently. We're going to bring"}, {"start": "00:54:43", "end": "00:54:47", "text": "down the cost of launch to be able to"}, {"start": "00:54:44", "end": "00:54:48", "text": "put thousands and tens of thousands of"}, {"start": "00:54:47", "end": "00:54:51", "text": "satellites in low Earth orbit to give"}, {"start": "00:54:48", "end": "00:54:52", "text": "everybody continuous connectivity. Um,"}, {"start": "00:54:51", "end": "00:54:54", "text": "and all of these things that couldn't"}, {"start": "00:54:52", "end": "00:54:56", "text": "exist and didn't exist before.\" And they"}, {"start": "00:54:54", "end": "00:54:57", "text": "kind of cracked the code on that. And"}, {"start": "00:54:56", "end": "00:54:59", "text": "now you're seeing this huge"}, {"start": "00:54:57", "end": "00:55:01", "text": "proliferation. And it's interesting"}, {"start": "00:54:59", "end": "00:55:03", "text": "because rocket companies, look at Rocket"}, {"start": "00:55:01", "end": "00:55:05", "text": "Lab, I think. Oh gosh, I wish I had my"}, {"start": "00:55:03", "end": "00:55:07", "text": "phone on me. I was looking at the market"}, {"start": "00:55:05", "end": "00:55:09", "text": "cap earlier today and my head almost"}, {"start": "00:55:07", "end": "00:55:12", "text": "exploded. I I was like I mean the"}, {"start": "00:55:09", "end": "00:55:14", "text": "stock's up thousands of percents in the"}, {"start": "00:55:12", "end": "00:55:17", "text": "last two years. I mean you want to talk"}, {"start": "00:55:14", "end": "00:55:21", "text": "about a rerating in the space sector. Uh"}, {"start": "00:55:17", "end": "00:55:23", "text": "but it's because the cost of launch has"}, {"start": "00:55:21", "end": "00:55:26", "text": "come down but the demand for the"}, {"start": "00:55:23", "end": "00:55:27", "text": "companies that can launch has just gone"}, {"start": "00:55:26", "end": "00:55:28", "text": "through the roof"}, {"start": "00:55:27", "end": "00:55:30", "text": ">> and like they just can't keep pace with"}, {"start": "00:55:28", "end": "00:55:31", "text": "everybody that wants to put something in"}, {"start": "00:55:30", "end": "00:55:32", "text": "orbit right now."}, {"start": "00:55:31", "end": "00:55:34", "text": ">> Um there just aren't enough rockets."}, {"start": "00:55:32", "end": "00:55:36", "text": "there isn't enough capability and"}, {"start": "00:55:34", "end": "00:55:38", "text": "capacity to do it. And um I mean I think"}, {"start": "00:55:36", "end": "00:55:39", "text": "the FCC is mulling through something"}, {"start": "00:55:38", "end": "00:55:42", "text": "like I think it's like hundreds of"}, {"start": "00:55:39", "end": "00:55:44", "text": "thousands of sat you know applications"}, {"start": "00:55:42", "end": "00:55:46", "text": "for what could be hundreds of thousands"}, {"start": "00:55:44", "end": "00:55:48", "text": "of satellites over the coming years. I"}, {"start": "00:55:46", "end": "00:55:48", "text": "mean it it's the numbers are nuts."}, {"start": "00:55:48", "end": "00:55:50", "text": ">> Mhm."}, {"start": "00:55:48", "end": "00:55:53", "text": ">> Uh in terms of how much how many"}, {"start": "00:55:50", "end": "00:55:55", "text": "different companies and governments are"}, {"start": "00:55:53", "end": "00:55:57", "text": "trying to put up in orbit right now that"}, {"start": "00:55:55", "end": "00:55:58", "text": "wasn't possible when launch costs were"}, {"start": "00:55:57", "end": "00:56:00", "text": "double, triple, quadruple where they are"}, {"start": "00:55:58", "end": "00:56:02", "text": "now. I think the space industry is a"}, {"start": "00:56:00", "end": "00:56:04", "text": "great example of what's going on just"}, {"start": "00:56:02", "end": "00:56:05", "text": "across American technology sectors,"}, {"start": "00:56:04", "end": "00:56:07", "text": "right? Whether you see it in DNA"}, {"start": "00:56:05", "end": "00:56:09", "text": "sequencing, self-driving, humanoid"}, {"start": "00:56:07", "end": "00:56:10", "text": "robots, space, you know, all"}, {"start": "00:56:09", "end": "00:56:12", "text": "interconnected."}, {"start": "00:56:10", "end": "00:56:14", "text": ">> Yes. Yeah. Yeah. But but also I think"}, {"start": "00:56:12", "end": "00:56:16", "text": "that um the rise of private market"}, {"start": "00:56:14", "end": "00:56:17", "text": "returns has really sucked in a lot of"}, {"start": "00:56:16", "end": "00:56:18", "text": "capital. Once you get that capital, you"}, {"start": "00:56:17", "end": "00:56:21", "text": "get the entrepreneurs obviously here you"}, {"start": "00:56:18", "end": "00:56:24", "text": "go. Now I think the big question is like"}, {"start": "00:56:21", "end": "00:56:26", "text": "can the public market stomach all of"}, {"start": "00:56:24", "end": "00:56:28", "text": "this coming public? Because you know we"}, {"start": "00:56:26", "end": "00:56:30", "text": "everyone's talking about SpaceX,"}, {"start": "00:56:28", "end": "00:56:32", "text": "Anthropic and Open AI, but like what"}, {"start": "00:56:30", "end": "00:56:33", "text": "about Stripe? What about some of these"}, {"start": "00:56:32", "end": "00:56:36", "text": "others? Now they're not trillion dollar"}, {"start": "00:56:33", "end": "00:56:39", "text": "IPOs, but they may be a couple hundred"}, {"start": "00:56:36", "end": "00:56:40", "text": "billion. And so when Anderil decides to"}, {"start": "00:56:39", "end": "00:56:44", "text": "go, when Stripe, you know, I mean"}, {"start": "00:56:40", "end": "00:56:47", "text": "there's a lot of private market large"}, {"start": "00:56:44", "end": "00:56:49", "text": "company supply that if an IPO window"}, {"start": "00:56:47", "end": "00:56:50", "text": "really does open,"}, {"start": "00:56:49", "end": "00:56:52", "text": "that's a lot for the public market to"}, {"start": "00:56:50", "end": "00:56:53", "text": "swallow, right?"}, {"start": "00:56:52", "end": "00:56:56", "text": ">> It is. I guess I could ask you your"}, {"start": "00:56:53", "end": "00:56:57", "text": "thoughts on that. Um, it does feel like"}, {"start": "00:56:56", "end": "00:56:59", "text": "everybody I speak to has a different"}, {"start": "00:56:57", "end": "00:57:02", "text": "opinion about this right now. Um, it"}, {"start": "00:56:59", "end": "00:57:04", "text": "certainly seems like there's a sense out"}, {"start": "00:57:02", "end": "00:57:06", "text": "there that the markets are easily going"}, {"start": "00:57:04", "end": "00:57:10", "text": "to absorb a SpaceX IPO and maybe even an"}, {"start": "00:57:06", "end": "00:57:11", "text": "OpenAI IPO or anthropic behind it"}, {"start": "00:57:10", "end": "00:57:12", "text": "because there just so much demand and"}, {"start": "00:57:11", "end": "00:57:13", "text": "there's also just so much capital"}, {"start": "00:57:12", "end": "00:57:16", "text": "sitting on the sidelines right now"}, {"start": "00:57:13", "end": "00:57:18", "text": "still. Um, but I don't know about that"}, {"start": "00:57:16", "end": "00:57:20", "text": "because you do see this race with a lot"}, {"start": "00:57:18", "end": "00:57:23", "text": "of smaller companies trying to file and"}, {"start": "00:57:20", "end": "00:57:25", "text": "trying to get out before that, you know,"}, {"start": "00:57:23", "end": "00:57:26", "text": "before all of that really hits the"}, {"start": "00:57:25", "end": "00:57:27", "text": "market or at least that's what I've"}, {"start": "00:57:26", "end": "00:57:31", "text": "heard from a number of investment"}, {"start": "00:57:27", "end": "00:57:32", "text": "bankers. Um, I don't know. What do you"}, {"start": "00:57:31", "end": "00:57:34", "text": "think?"}, {"start": "00:57:32", "end": "00:57:36", "text": ">> I'm watching."}, {"start": "00:57:34", "end": "00:57:37", "text": "I'm just going to watch. Look, it could"}, {"start": "00:57:36", "end": "00:57:38", "text": ">> two of us. I guess"}, {"start": "00:57:37", "end": "00:57:41", "text": ">> it it"}, {"start": "00:57:38", "end": "00:57:42", "text": ">> I see both sides to it. My guess is that"}, {"start": "00:57:41", "end": "00:57:44", "text": "people drastically underestimate the"}, {"start": "00:57:42", "end": "00:57:47", "text": "retail demand for the th those three"}, {"start": "00:57:44", "end": "00:57:49", "text": "names in particular, but also I think"}, {"start": "00:57:47", "end": "00:57:51", "text": "people underestimate just if you've been"}, {"start": "00:57:49", "end": "00:57:54", "text": "a SpaceX investor, you may have been"}, {"start": "00:57:51", "end": "00:57:57", "text": "locked up now in some cases 25 years, 20"}, {"start": "00:57:54", "end": "00:58:00", "text": "years, 18 years, 15 years."}, {"start": "00:57:57", "end": "00:58:01", "text": ">> I don't care how much you are up or how"}, {"start": "00:58:00", "end": "00:58:03", "text": "much you think the future of that"}, {"start": "00:58:01", "end": "00:58:05", "text": "company is going to continue to"}, {"start": "00:58:03", "end": "00:58:08", "text": "appreciate. there are very few both"}, {"start": "00:58:05", "end": "00:58:10", "text": "individuals and also asset managers who"}, {"start": "00:58:08", "end": "00:58:13", "text": "are going to be able to resist the"}, {"start": "00:58:10", "end": "00:58:15", "text": "temptation to sell and so you know it's"}, {"start": "00:58:13", "end": "00:58:17", "text": "like yeah there's a lot of retail demand"}, {"start": "00:58:15", "end": "00:58:18", "text": "but I this is a lot of liquidity you're"}, {"start": "00:58:17", "end": "00:58:19", "text": "going to hit $2 trillion for people and"}, {"start": "00:58:18", "end": "00:58:22", "text": "you're going to tell them don't don't"}, {"start": "00:58:19", "end": "00:58:24", "text": "touch it"}, {"start": "00:58:22", "end": "00:58:25", "text": "no I look I think it's fair um and it's"}, {"start": "00:58:24", "end": "00:58:27", "text": "fair I think you're also going to have a"}, {"start": "00:58:25", "end": "00:58:29", "text": "lot of force buying with some of the"}, {"start": "00:58:27", "end": "00:58:33", "text": "changes you know with in you know index"}, {"start": "00:58:29", "end": "00:58:35", "text": "additions and things like that Um,"}, {"start": "00:58:33", "end": "00:58:38", "text": "we'll see. We'll see what we'll see what"}, {"start": "00:58:35", "end": "00:58:40", "text": "happens. Um, but I do think to your"}, {"start": "00:58:38", "end": "00:58:42", "text": "point, I'm so happy we've gotten past"}, {"start": "00:58:40", "end": "00:58:44", "text": "those stupid phrases like dumb money and"}, {"start": "00:58:42", "end": "00:58:45", "text": "smart money. I feel like the pandem you"}, {"start": "00:58:44", "end": "00:58:47", "text": "know, it's like sometimes the greatest"}, {"start": "00:58:45", "end": "00:58:48", "text": "gifts come from the most poorly in come"}, {"start": "00:58:47", "end": "00:58:49", "text": "the most poorly wrapped packages. And I"}, {"start": "00:58:48", "end": "00:58:52", "text": "think one of the gifts of the pandemic"}, {"start": "00:58:49", "end": "00:58:54", "text": "was really the fact that like you had"}, {"start": "00:58:52", "end": "00:58:56", "text": "you've had this retail investor"}, {"start": "00:58:54", "end": "00:58:57", "text": "revolution. And I think especially when"}, {"start": "00:58:56", "end": "00:58:59", "text": "you talk about some of these new tech"}, {"start": "00:58:57", "end": "00:59:02", "text": "companies, defense tech or commercial"}, {"start": "00:58:59", "end": "00:59:04", "text": "space or like I mean people say quantum"}, {"start": "00:59:02", "end": "00:59:07", "text": "or nuclear like I just go down the list."}, {"start": "00:59:04", "end": "00:59:10", "text": "Um we'll say like new tech, frontier"}, {"start": "00:59:07", "end": "00:59:12", "text": "tech, whatever. Um the retail investors"}, {"start": "00:59:10", "end": "00:59:16", "text": "have been much"}, {"start": "00:59:12", "end": "00:59:17", "text": "faster to educate themselves and to un"}, {"start": "00:59:16", "end": "00:59:19", "text": "to make it a point to understand the"}, {"start": "00:59:17", "end": "00:59:21", "text": "thesis around these companies and sort"}, {"start": "00:59:19", "end": "00:59:22", "text": "of what's coming with them. And same"}, {"start": "00:59:21", "end": "00:59:24", "text": "with crypto."}, {"start": "00:59:22", "end": "00:59:26", "text": ">> They're they're smart. Yeah. No, they're"}, {"start": "00:59:24", "end": "00:59:27", "text": "smart and they're rich. That's why"}, {"start": "00:59:26", "end": "00:59:28", "text": "people I was having a conversation"}, {"start": "00:59:27", "end": "00:59:30", "text": "literally this morning with somebody"}, {"start": "00:59:28", "end": "00:59:31", "text": "who's very intelligent. He's an asset"}, {"start": "00:59:30", "end": "00:59:33", "text": "manager and he was telling me that, you"}, {"start": "00:59:31", "end": "00:59:34", "text": "know, retail investors don't have a lot"}, {"start": "00:59:33", "end": "00:59:37", "text": "of money. And I was telling them, look,"}, {"start": "00:59:34", "end": "00:59:39", "text": "we we have a product uh CFO Sylvia that"}, {"start": "00:59:37", "end": "00:59:40", "text": "we have people come in and they actually"}, {"start": "00:59:39", "end": "00:59:42", "text": "are verifying their assets. I can't tell"}, {"start": "00:59:40", "end": "00:59:44", "text": "who it is, but we can see the"}, {"start": "00:59:42", "end": "00:59:45", "text": "portfolios. So, when you anonymize and"}, {"start": "00:59:44", "end": "00:59:47", "text": "aggregate it across the space, you can"}, {"start": "00:59:45", "end": "00:59:49", "text": "see the average net worth of people is"}, {"start": "00:59:47", "end": "00:59:51", "text": "$2 half million average. So you say okay"}, {"start": "00:59:49", "end": "00:59:52", "text": "well some of them people are below but"}, {"start": "00:59:51", "end": "00:59:54", "text": "there's people who are joining a fintech"}, {"start": "00:59:52", "end": "00:59:57", "text": "product that have you know 100 plus"}, {"start": "00:59:54", "end": "00:59:58", "text": "million dollar net worth again that"}, {"start": "00:59:57", "end": "00:59:59", "text": "doesn't mean that they're controlling"}, {"start": "00:59:58", "end": "01:00:01", "text": "all of it themselves maybe they give"}, {"start": "00:59:59", "end": "01:00:02", "text": "some to a financial adviser maybe some"}, {"start": "01:00:01", "end": "01:00:05", "text": "of it's in real estate you know whatever"}, {"start": "01:00:02", "end": "01:00:08", "text": "the thing is but these people are not"}, {"start": "01:00:05", "end": "01:00:10", "text": "dumb and they are not not rich and so"}, {"start": "01:00:08", "end": "01:00:12", "text": "you look at it from that perspective you"}, {"start": "01:00:10", "end": "01:00:13", "text": "say yeah no wonder there is so much"}, {"start": "01:00:12", "end": "01:00:15", "text": "activity in public markets is like these"}, {"start": "01:00:13", "end": "01:00:16", "text": "people need a place to put their capital"}, {"start": "01:00:15", "end": "01:00:17", "text": ">> yeah it makes a lot of sense"}, {"start": "01:00:16", "end": "01:00:21", "text": ">> all right where can we send some people"}, {"start": "01:00:17", "end": "01:00:22", "text": "to find you on the Oh,"}, {"start": "01:00:21", "end": "01:00:24", "text": "uh, X Morgan,"}, {"start": "01:00:22", "end": "01:00:25", "text": ">> you're not used to being on the other"}, {"start": "01:00:24", "end": "01:00:27", "text": "side of the microphone."}, {"start": "01:00:25", "end": "01:00:30", "text": ">> I'm really not. You can tell. Uh, I'm on"}, {"start": "01:00:27", "end": "01:00:31", "text": "LinkedIn, I'm on X, I'm on Instagram."}, {"start": "01:00:30", "end": "01:00:32", "text": ">> All right. Well, you did a great job."}, {"start": "01:00:31", "end": "01:00:33", "text": "Hopefully,"}, {"start": "01:00:32", "end": "01:00:35", "text": ">> we didn't even get to Alaska, by the"}, {"start": "01:00:33", "end": "01:00:37", "text": "way, and oil and energy. What I will say"}, {"start": "01:00:35", "end": "01:00:39", "text": "is you go to places in Alaska where"}, {"start": "01:00:37", "end": "01:00:40", "text": "there's no infrastructure and there's no"}, {"start": "01:00:39", "end": "01:00:42", "text": "roads, there's Starlink."}, {"start": "01:00:40", "end": "01:00:43", "text": ">> Interesting. So, that So, it all is"}, {"start": "01:00:42", "end": "01:00:45", "text": "interconnected."}, {"start": "01:00:43", "end": "01:00:46", "text": ">> It is. It really is."}, {"start": "01:00:45", "end": "01:00:49", "text": ">> Did a great job. Thank you so much."}, {"start": "01:00:46", "end": "01:00:49", "text": "We'll do it again in the future. Thanks."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "I think that one piece that people"}, {"start": "00:00:01", "end": "00:00:04", "text": "probably don't give enough credit to in"}, {"start": "00:00:02", "end": "00:00:07", "text": "the Bitcoin community is that the AI"}, {"start": "00:00:04", "end": "00:00:08", "text": "trade is really sexy. People like the"}, {"start": "00:00:07", "end": "00:00:09", "text": "shiny thing, the thing that's going up."}, {"start": "00:00:08", "end": "00:00:11", "text": "They're chasing the momentum. They're"}, {"start": "00:00:09", "end": "00:00:12", "text": "chasing the what is seen as asymmetric"}, {"start": "00:00:11", "end": "00:00:14", "text": "returns, right? If you can go and you"}, {"start": "00:00:12", "end": "00:00:15", "text": "can buy, you know, semiconductor ETF and"}, {"start": "00:00:14", "end": "00:00:17", "text": "you're going to double your money in"}, {"start": "00:00:15", "end": "00:00:18", "text": "three weeks, of course people are"}, {"start": "00:00:17", "end": "00:00:19", "text": "interested in that. I think that that's"}, {"start": "00:00:18", "end": "00:00:21", "text": "one piece. The second piece is I also"}, {"start": "00:00:19", "end": "00:00:22", "text": "think that there's been this transition"}, {"start": "00:00:21", "end": "00:00:24", "text": "from the hardcore Bitcoin holders"}, {"start": "00:00:22", "end": "00:00:24", "text": "handing it over to a lot of the Wall"}, {"start": "00:00:24", "end": "00:00:26", "text": "Street."}, {"start": "00:00:24", "end": "00:00:27", "text": ">> So now we might be into a closer thing"}, {"start": "00:00:26", "end": "00:00:28", "text": "called price discovery."}, {"start": "00:00:27", "end": "00:00:30", "text": ">> I think there's price discovery. Also, I"}, {"start": "00:00:28", "end": "00:00:31", "text": "think people should start to expect"}, {"start": "00:00:30", "end": "00:00:32", "text": "Bitcoin is bigger. Volatility is"}, {"start": "00:00:31", "end": "00:00:35", "text": "compressing. You're not going to see"}, {"start": "00:00:32", "end": "00:00:36", "text": "this thing go up, you know, 20x in a"}, {"start": "00:00:35", "end": "00:00:37", "text": "year and then draw down 80%."}, {"start": "00:00:36", "end": "00:00:39", "text": ">> But then how how are we supposed to"}, {"start": "00:00:37", "end": "00:00:40", "text": "think of the the Kathy Wood and other"}, {"start": "00:00:39", "end": "00:00:42", "text": "kind of predictions that that we're"}, {"start": "00:00:40", "end": "00:00:43", "text": "talking about a million dollars a coin"}, {"start": "00:00:42", "end": "00:00:45", "text": "anytime soon."}, {"start": "00:00:43", "end": "00:00:46", "text": ">> The the hard part about predictions is"}, {"start": "00:00:45", "end": "00:00:48", "text": "you can pick price and you can pick pick"}, {"start": "00:00:46", "end": "00:00:50", "text": "time. Now, as I've gotten uh to play"}, {"start": "00:00:48", "end": "00:00:51", "text": "this game longer and longer, you start"}, {"start": "00:00:50", "end": "00:00:52", "text": "to realize picking price is the easy"}, {"start": "00:00:51", "end": "00:00:54", "text": "part. The timeline is always the hardest"}, {"start": "00:00:52", "end": "00:00:56", "text": "part. And so, do I think Bitcoin hits a"}, {"start": "00:00:54", "end": "00:00:58", "text": "million dollars one day? Absolutely. The"}, {"start": "00:00:56", "end": "00:01:00", "text": "question is does it happen in 5 years or"}, {"start": "00:00:58", "end": "00:01:00", "text": "40 years?"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "I think it's impossible to say Bitcoin"}, {"start": "00:00:02", "end": "00:00:06", "text": "should do X Y or Z,"}, {"start": "00:00:04", "end": "00:00:08", "text": ">> right? I mean, the the reason I got"}, {"start": "00:00:06", "end": "00:00:12", "text": "interested in it in 2017 is it's its own"}, {"start": "00:00:08", "end": "00:00:14", "text": "thing and it's going to evolve as"}, {"start": "00:00:12", "end": "00:00:16", "text": "adoption changes. Now, what what has"}, {"start": "00:00:14", "end": "00:00:18", "text": "changed in the adoption story in the"}, {"start": "00:00:16", "end": "00:00:19", "text": "last two years? Nothing, right? Central"}, {"start": "00:00:18", "end": "00:00:22", "text": "banks haven't come on board,"}, {"start": "00:00:19", "end": "00:00:24", "text": "corporations haven't come on board. It's"}, {"start": "00:00:22", "end": "00:00:26", "text": "it's basically been some financial"}, {"start": "00:00:24", "end": "00:00:29", "text": "investors through the ETFs, but not many"}, {"start": "00:00:26", "end": "00:00:31", "text": "institutions. Slowly asset allocators"}, {"start": "00:00:29", "end": "00:00:32", "text": "have started to include it, but not not"}, {"start": "00:00:31", "end": "00:00:34", "text": "dramatic. So why would you expect some"}, {"start": "00:00:32", "end": "00:00:36", "text": "big change in the price of Bitcoin when"}, {"start": "00:00:34", "end": "00:00:37", "text": "nothing has happened? I mean the way I"}, {"start": "00:00:36", "end": "00:00:40", "text": "look at it is still the oldfashioned"}, {"start": "00:00:37", "end": "00:00:42", "text": "way. Very simplistic. I'm an over I like"}, {"start": "00:00:40", "end": "00:00:43", "text": "to oversimplify. What's going on guys?"}, {"start": "00:00:42", "end": "00:00:46", "text": "Today we've got a conversation with Yan"}, {"start": "00:00:43", "end": "00:00:48", "text": "Vanek. Jan is the CEO of Vanek. They're"}, {"start": "00:00:46", "end": "00:00:50", "text": "a $200 billion asset manager and one of"}, {"start": "00:00:48", "end": "00:00:52", "text": "the leading ETF companies. In this"}, {"start": "00:00:50", "end": "00:00:55", "text": "conversation, we talk about Bitcoin,"}, {"start": "00:00:52", "end": "00:00:57", "text": "gold, the rise of ETFs, why Jan has so"}, {"start": "00:00:55", "end": "00:00:58", "text": "much conviction in the country of India,"}, {"start": "00:00:57", "end": "00:01:00", "text": "how he thinks about making long-term"}, {"start": "00:00:58", "end": "00:01:03", "text": "strategic bets, and then we get into"}, {"start": "00:01:00", "end": "00:01:04", "text": "what is in his personal portfolio, where"}, {"start": "00:01:03", "end": "00:01:06", "text": "his convictions are, how he's navigating"}, {"start": "00:01:04", "end": "00:01:08", "text": "the macro environment, and what he"}, {"start": "00:01:06", "end": "00:01:10", "text": "thinks you should know as an investor"}, {"start": "00:01:08", "end": "00:01:11", "text": "and how you should change your capital"}, {"start": "00:01:10", "end": "00:01:13", "text": "allocation strategy based on what he's"}, {"start": "00:01:11", "end": "00:01:15", "text": "seeing in the world. Here's my latest"}, {"start": "00:01:13", "end": "00:01:17", "text": "conversation with Yan Vanek. All right,"}, {"start": "00:01:15", "end": "00:01:18", "text": "Yan. Uh, private credit has been a huge"}, {"start": "00:01:17", "end": "00:01:19", "text": "issue. People are very worried about it."}, {"start": "00:01:18", "end": "00:01:20", "text": "Are you worried or what do you think's"}, {"start": "00:01:19", "end": "00:01:22", "text": "going on?"}, {"start": "00:01:20", "end": "00:01:26", "text": ">> Uh, you went right into my favorite"}, {"start": "00:01:22", "end": "00:01:29", "text": "topic. Uh, listen, first quarter, a lot"}, {"start": "00:01:26", "end": "00:01:31", "text": "of concern. Well, end of last year,"}, {"start": "00:01:29", "end": "00:01:32", "text": "Jamie Diamond says cockroaches."}, {"start": "00:01:31", "end": "00:01:34", "text": "Remember, we had two frauds in the in"}, {"start": "00:01:32", "end": "00:01:36", "text": "the private lending markets. Cockroaches"}, {"start": "00:01:34", "end": "00:01:39", "text": "meaning there's an, you know, sort of"}, {"start": "00:01:36", "end": "00:01:41", "text": "systemic problem is is the risk. And JP"}, {"start": "00:01:39", "end": "00:01:43", "text": "Morgan should know they lend a lot into"}, {"start": "00:01:41", "end": "00:01:46", "text": "the private space, right? Whether it's"}, {"start": "00:01:43", "end": "00:01:47", "text": "private equity, private credit, BDC's,"}, {"start": "00:01:46", "end": "00:01:49", "text": "everything, they're all over it. So you"}, {"start": "00:01:47", "end": "00:01:50", "text": "think you'd be really informed. So there"}, {"start": "00:01:49", "end": "00:01:53", "text": "were a lot of fears about alternative"}, {"start": "00:01:50", "end": "00:01:54", "text": "credit and as as we said in the"}, {"start": "00:01:53", "end": "00:01:56", "text": "beginning of January, the selloff is"}, {"start": "00:01:54", "end": "00:01:58", "text": "going to happen in the BDC space because"}, {"start": "00:01:56", "end": "00:02:00", "text": "they're liquid. So every day every every"}, {"start": "00:01:58", "end": "00:02:04", "text": "day the market's open, you can sell your"}, {"start": "00:02:00", "end": "00:02:06", "text": "BDC um holdings and BDC's had a whole as"}, {"start": "00:02:04", "end": "00:02:09", "text": "a whole went to a 20% discount to NAV."}, {"start": "00:02:06", "end": "00:02:11", "text": "So NAV is, you know, only calculated"}, {"start": "00:02:09", "end": "00:02:14", "text": "once a quarter. So it's a stale as soon"}, {"start": "00:02:11", "end": "00:02:17", "text": "as they print it kind of statistic. But"}, {"start": "00:02:14", "end": "00:02:20", "text": "20% if these if these BDC is on average"}, {"start": "00:02:17", "end": "00:02:22", "text": "leveraged two times a 20% haircut means"}, {"start": "00:02:20", "end": "00:02:25", "text": "that you've got a 10% default rate."}, {"start": "00:02:22", "end": "00:02:29", "text": "Right? High yield is defaulting at 2 and"}, {"start": "00:02:25", "end": "00:02:32", "text": "a.5%. So so the BDC's are pricing 10%"}, {"start": "00:02:29", "end": "00:02:34", "text": "default whereas the reality of high"}, {"start": "00:02:32", "end": "00:02:35", "text": "yield market now arguably is that's"}, {"start": "00:02:34", "end": "00:02:37", "text": "high-graded a little bit is a 2 and a"}, {"start": "00:02:35", "end": "00:02:40", "text": "half%. That's just a disconnect. And I"}, {"start": "00:02:37", "end": "00:02:43", "text": "layer on top listen the world economy"}, {"start": "00:02:40", "end": "00:02:45", "text": "sorry the US economy it's in good shape"}, {"start": "00:02:43", "end": "00:02:47", "text": "right? So, corporate America is in good"}, {"start": "00:02:45", "end": "00:02:48", "text": "shape. So, there's no reason to think"}, {"start": "00:02:47", "end": "00:02:50", "text": "we're going to get this huge spike in"}, {"start": "00:02:48", "end": "00:02:52", "text": "defaults. So, that's why I'm really"}, {"start": "00:02:50", "end": "00:02:55", "text": "excited. Now, even more exciting to me"}, {"start": "00:02:52", "end": "00:02:57", "text": "is some of the private credit issuers"}, {"start": "00:02:55", "end": "00:03:01", "text": "like the stocks of Blue in particular. I"}, {"start": "00:02:57", "end": "00:03:02", "text": "like way down, right? That it's it's"}, {"start": "00:03:01", "end": "00:03:04", "text": "come down, you know, I don't know, 20,"}, {"start": "00:03:02", "end": "00:03:07", "text": "30, 40%."}, {"start": "00:03:04", "end": "00:03:09", "text": "The stock itself, the dividend yield at"}, {"start": "00:03:07", "end": "00:03:12", "text": "whatever tennis a share, which is where"}, {"start": "00:03:09", "end": "00:03:14", "text": "it's at this morning, is like 9%. Mhm."}, {"start": "00:03:12", "end": "00:03:16", "text": ">> So you get the upside of the business."}, {"start": "00:03:14", "end": "00:03:18", "text": "They raised money in Q1. So despite all"}, {"start": "00:03:16", "end": "00:03:21", "text": "these concerns, they're a growing"}, {"start": "00:03:18", "end": "00:03:22", "text": "business. Slowed down but still growing."}, {"start": "00:03:21", "end": "00:03:24", "text": "Yes. Some of their funds had"}, {"start": "00:03:22", "end": "00:03:25", "text": "redemptions. Anyway, so to me, that's a"}, {"start": "00:03:24", "end": "00:03:26", "text": "very exciting story."}, {"start": "00:03:25", "end": "00:03:28", "text": ">> So when you when you look at let's take"}, {"start": "00:03:26", "end": "00:03:30", "text": "Blue Owl as just a hypothetical example"}, {"start": "00:03:28", "end": "00:03:32", "text": "here. So uh it has a very high yield on"}, {"start": "00:03:30", "end": "00:03:33", "text": "the stock itself. And then how do you"}, {"start": "00:03:32", "end": "00:03:35", "text": "underwrite the actual business prospects"}, {"start": "00:03:33", "end": "00:03:37", "text": "going forward? You just look at capital"}, {"start": "00:03:35", "end": "00:03:38", "text": "raised and then you try to underwrite as"}, {"start": "00:03:37", "end": "00:03:41", "text": "best you can in terms of the the"}, {"start": "00:03:38", "end": "00:03:42", "text": "solvency of the strategies. Yeah, I mean"}, {"start": "00:03:41", "end": "00:03:45", "text": "look, it's asset management is a"}, {"start": "00:03:42", "end": "00:03:47", "text": "generally growing business. These these"}, {"start": "00:03:45", "end": "00:03:50", "text": "companies remember a year or two ago had"}, {"start": "00:03:47", "end": "00:03:53", "text": "been trading at 30 to 40 times forward"}, {"start": "00:03:50", "end": "00:03:55", "text": "earnings. That's crazy, right? So of"}, {"start": "00:03:53", "end": "00:03:58", "text": "course way overpriced against the"}, {"start": "00:03:55", "end": "00:03:59", "text": "market. Now they're underpriced where"}, {"start": "00:03:58", "end": "00:04:02", "text": "they started life. You know, before"}, {"start": "00:03:59", "end": "00:04:03", "text": "anyone heard of Blackstone, right? These"}, {"start": "00:04:02", "end": "00:04:05", "text": "stocks were 10 times earnings because no"}, {"start": "00:04:03", "end": "00:04:07", "text": "one thought their performance fees were"}, {"start": "00:04:05", "end": "00:04:10", "text": "going to be recurring. So they didn't"}, {"start": "00:04:07", "end": "00:04:13", "text": "give them any value. So, uh, yeah, I"}, {"start": "00:04:10", "end": "00:04:15", "text": "think the I'm not even betting even if"}, {"start": "00:04:13", "end": "00:04:17", "text": "the business stays the same. I'm getting"}, {"start": "00:04:15", "end": "00:04:20", "text": "I'm clipping a 9% dividend yield and"}, {"start": "00:04:17", "end": "00:04:22", "text": "these are really bright guys. So much"}, {"start": "00:04:20", "end": "00:04:24", "text": "pain is in the stock already. They and"}, {"start": "00:04:22", "end": "00:04:26", "text": "they're growing. I mean, the business is"}, {"start": "00:04:24", "end": "00:04:27", "text": "growing, but it's stable. I'd still"}, {"start": "00:04:26", "end": "00:04:29", "text": "maybe put in your fixed income bucket."}, {"start": "00:04:27", "end": "00:04:31", "text": ">> Now, when I look at uh the industry in"}, {"start": "00:04:29", "end": "00:04:32", "text": "general, you said asset management is"}, {"start": "00:04:31", "end": "00:04:33", "text": "going to continue to grow. But one of"}, {"start": "00:04:32", "end": "00:04:35", "text": "the stats that everyone has kind of held"}, {"start": "00:04:33", "end": "00:04:37", "text": "on to now and is yelling and screaming"}, {"start": "00:04:35", "end": "00:04:39", "text": "about is there's more ETFs than there"}, {"start": "00:04:37", "end": "00:04:40", "text": "are individual stocks. And I liked Eric"}, {"start": "00:04:39", "end": "00:04:42", "text": "Balchunis. He said, you know, yes, there"}, {"start": "00:04:40", "end": "00:04:44", "text": "are more words than there are letters."}, {"start": "00:04:42", "end": "00:04:46", "text": "There's more songs than there are"}, {"start": "00:04:44", "end": "00:04:49", "text": "chords. But generally, do you see this"}, {"start": "00:04:46", "end": "00:04:50", "text": "as kind of a a 10 20 year run where"}, {"start": "00:04:49", "end": "00:04:52", "text": "you're going to continue to see all of"}, {"start": "00:04:50", "end": "00:04:53", "text": "these asset managers, whether it's Vanic"}, {"start": "00:04:52", "end": "00:04:55", "text": "in their private market or some of these"}, {"start": "00:04:53", "end": "00:04:57", "text": "public traded ones, just there's a"}, {"start": "00:04:55", "end": "00:04:57", "text": "massive tailwind that people doesn't"}, {"start": "00:04:57", "end": "00:04:59", "text": "understand."}, {"start": "00:04:57", "end": "00:05:01", "text": ">> Yeah. The ETF business continues to"}, {"start": "00:04:59", "end": "00:05:03", "text": "explode, right? not explode but it's the"}, {"start": "00:05:01", "end": "00:05:04", "text": "it's the growth area of financial"}, {"start": "00:05:03", "end": "00:05:07", "text": "services"}, {"start": "00:05:04", "end": "00:05:08", "text": ">> and uh you know ETFs are like popcorn"}, {"start": "00:05:07", "end": "00:05:10", "text": "you and I have talked about some of the"}, {"start": "00:05:08", "end": "00:05:12", "text": "the the pop when the kernel you know"}, {"start": "00:05:10", "end": "00:05:15", "text": "goes off I mean suddenly you have a"}, {"start": "00:05:12", "end": "00:05:17", "text": "couple billion in aum in an ETF so but"}, {"start": "00:05:15", "end": "00:05:20", "text": "the vast majority of ETFs are below 100"}, {"start": "00:05:17", "end": "00:05:22", "text": "million right so uh you know that's is"}, {"start": "00:05:20", "end": "00:05:23", "text": "kind of a misleading statistic as far as"}, {"start": "00:05:22", "end": "00:05:25", "text": "I'm concerned you know I was talking"}, {"start": "00:05:23", "end": "00:05:29", "text": "about the ETF industry earlier today and"}, {"start": "00:05:25", "end": "00:05:31", "text": "I think where people don't appreciate is"}, {"start": "00:05:29", "end": "00:05:33", "text": "the accessibility to sort of underserved"}, {"start": "00:05:31", "end": "00:05:35", "text": "asset classes. I know Bitcoin is"}, {"start": "00:05:33", "end": "00:05:38", "text": "something you know we can talk about but"}, {"start": "00:05:35", "end": "00:05:41", "text": "fixed income is a huge area right so if"}, {"start": "00:05:38", "end": "00:05:44", "text": "you look at our fixed income ETFs only"}, {"start": "00:05:41", "end": "00:05:46", "text": "probably five or 10% of the bonds in any"}, {"start": "00:05:44", "end": "00:05:49", "text": "fixed income ETF forgetting governments"}, {"start": "00:05:46", "end": "00:05:52", "text": "trade on any given day so it's really"}, {"start": "00:05:49", "end": "00:05:54", "text": "become a very liquid vehicle now it's"}, {"start": "00:05:52", "end": "00:05:56", "text": "vulnerable when you have market"}, {"start": "00:05:54", "end": "00:05:58", "text": "dislocations so if you look at the"}, {"start": "00:05:56", "end": "00:05:59", "text": "industry as a whole I don't care about"}, {"start": "00:05:58", "end": "00:06:01", "text": "the growth I think it's great I don't"}, {"start": "00:05:59", "end": "00:06:04", "text": "care about the proliferation of ETFs"}, {"start": "00:06:01", "end": "00:06:07", "text": "competition is healthy. But the thing to"}, {"start": "00:06:04", "end": "00:06:09", "text": "remember is fixed income ETFs are kind"}, {"start": "00:06:07", "end": "00:06:10", "text": "of a different cat. Um,"}, {"start": "00:06:09", "end": "00:06:12", "text": ">> now when I look at your guys business, I"}, {"start": "00:06:10", "end": "00:06:14", "text": "think these numbers are as of 331."}, {"start": "00:06:12", "end": "00:06:16", "text": "You've got about 200 billion in assets."}, {"start": "00:06:14", "end": "00:06:18", "text": "100 billion are in US and international"}, {"start": "00:06:16", "end": "00:06:21", "text": "equities. Uh, 45 billion is in gold and"}, {"start": "00:06:18", "end": "00:06:23", "text": "precious metals. 19 billion is in US and"}, {"start": "00:06:21", "end": "00:06:25", "text": "international fixed income. And then 20"}, {"start": "00:06:23", "end": "00:06:27", "text": "billion is in natural resources and"}, {"start": "00:06:25", "end": "00:06:28", "text": "commodities. My takeaway from that is"}, {"start": "00:06:27", "end": "00:06:30", "text": "you expect equities to be much bigger."}, {"start": "00:06:28", "end": "00:06:32", "text": "But I think to your point having 20"}, {"start": "00:06:30", "end": "00:06:34", "text": "billion in fixed income and 20 billion"}, {"start": "00:06:32", "end": "00:06:37", "text": "in natural resources and then another 45"}, {"start": "00:06:34", "end": "00:06:39", "text": "billion in um gold and precious metals"}, {"start": "00:06:37", "end": "00:06:41", "text": "like you guys are pretty wellrounded"}, {"start": "00:06:39", "end": "00:06:43", "text": "here right you really do offer I think a"}, {"start": "00:06:41", "end": "00:06:45", "text": "full suite to an investor and it's kind"}, {"start": "00:06:43", "end": "00:06:47", "text": "of the DNA of the firm of how you guys"}, {"start": "00:06:45", "end": "00:06:48", "text": "started with the big bet on gold in the"}, {"start": "00:06:47", "end": "00:06:50", "text": "early days right"}, {"start": "00:06:48", "end": "00:06:52", "text": ">> when I when I joined Van we basically"}, {"start": "00:06:50", "end": "00:06:54", "text": "had one fund it was a gold mining fund"}, {"start": "00:06:52", "end": "00:06:57", "text": "it was a mutual fund that was the fund"}, {"start": "00:06:54", "end": "00:06:59", "text": "that my dad became famous for in 1968 he"}, {"start": "00:06:57", "end": "00:07:02", "text": "started the first gold fund"}, {"start": "00:06:59", "end": "00:07:06", "text": "Gold shares are so volatile. Um, you"}, {"start": "00:07:02", "end": "00:07:09", "text": "know, from 2011 to 2016, gold mining"}, {"start": "00:07:06", "end": "00:07:10", "text": "shares went GDX was down 90%."}, {"start": "00:07:09", "end": "00:07:13", "text": ">> Wow."}, {"start": "00:07:10", "end": "00:07:14", "text": ">> No one no one realizes what decimation"}, {"start": "00:07:13", "end": "00:07:17", "text": "happened in natural resource in the last"}, {"start": "00:07:14", "end": "00:07:18", "text": "decade. But to your point, I kind of"}, {"start": "00:07:17", "end": "00:07:20", "text": "historically come to work, I describe"}, {"start": "00:07:18", "end": "00:07:22", "text": "it, what do I do in the morning? I try"}, {"start": "00:07:20", "end": "00:07:24", "text": "to get away from gold and diversify"}, {"start": "00:07:22", "end": "00:07:26", "text": "because if you're, you know, that's your"}, {"start": "00:07:24", "end": "00:07:28", "text": "revenue stream as a business, right?"}, {"start": "00:07:26", "end": "00:07:31", "text": "There's no fall back. um then you want"}, {"start": "00:07:28", "end": "00:07:32", "text": "to diversify. So luckily VANC is uh has"}, {"start": "00:07:31", "end": "00:07:33", "text": "been successful in a number of different"}, {"start": "00:07:32", "end": "00:07:35", "text": "asset classes."}, {"start": "00:07:33", "end": "00:07:36", "text": ">> Now when people think about gold, let's"}, {"start": "00:07:35", "end": "00:07:39", "text": "just start with that as as one single"}, {"start": "00:07:36", "end": "00:07:40", "text": "asset class. Um I think that there's a"}, {"start": "00:07:39", "end": "00:07:41", "text": "couple different ways that they can play"}, {"start": "00:07:40", "end": "00:07:43", "text": "this. They can obviously buy physical"}, {"start": "00:07:41", "end": "00:07:45", "text": "gold. They can allocate to an ETF and"}, {"start": "00:07:43", "end": "00:07:48", "text": "just get underlying gold exposure. There"}, {"start": "00:07:45", "end": "00:07:50", "text": "are the miners. There's these now gold"}, {"start": "00:07:48", "end": "00:07:52", "text": "streaming companies or kind of royalty"}, {"start": "00:07:50", "end": "00:07:54", "text": "type businesses. How do you think about"}, {"start": "00:07:52", "end": "00:07:56", "text": "gold exposure in someone's portfolio? Is"}, {"start": "00:07:54", "end": "00:07:57", "text": "there a kind of a hey start here and"}, {"start": "00:07:56", "end": "00:07:59", "text": "then expand over time? Do they want a"}, {"start": "00:07:57", "end": "00:08:01", "text": "bucket of these in and kind of a equal"}, {"start": "00:07:59", "end": "00:08:02", "text": "waiting? What what do you when you're"}, {"start": "00:08:01", "end": "00:08:03", "text": "talking to clients? How do you think"}, {"start": "00:08:02", "end": "00:08:05", "text": "about it?"}, {"start": "00:08:03", "end": "00:08:07", "text": ">> Our number one question when we talk to"}, {"start": "00:08:05", "end": "00:08:09", "text": "people about investing is do you want"}, {"start": "00:08:07", "end": "00:08:12", "text": "the asset class? Right? Your asset class"}, {"start": "00:08:09", "end": "00:08:15", "text": "decision is so important and gold is a"}, {"start": "00:08:12", "end": "00:08:17", "text": "very very powerful asset class in the"}, {"start": "00:08:15", "end": "00:08:19", "text": "right economic environment. I'm not like"}, {"start": "00:08:17", "end": "00:08:22", "text": "my dad. I'm not like an always gold guy."}, {"start": "00:08:19", "end": "00:08:24", "text": "Uh I am very bullish over the next 10"}, {"start": "00:08:22", "end": "00:08:26", "text": "years because I think gold is reemerging"}, {"start": "00:08:24", "end": "00:08:27", "text": "as a global currency. But the number one"}, {"start": "00:08:26", "end": "00:08:31", "text": "question is do you want to own it or"}, {"start": "00:08:27", "end": "00:08:33", "text": "not? Why do you own it? So I own it"}, {"start": "00:08:31", "end": "00:08:35", "text": "because I'm really worried about"}, {"start": "00:08:33", "end": "00:08:37", "text": "government spending. Um our budget"}, {"start": "00:08:35", "end": "00:08:38", "text": "deficit has come down in the last couple"}, {"start": "00:08:37", "end": "00:08:42", "text": "of years from six and a half to maybe"}, {"start": "00:08:38", "end": "00:08:44", "text": "low fives in terms of a percent of GDP."}, {"start": "00:08:42", "end": "00:08:47", "text": "If we're spending half a trillion more"}, {"start": "00:08:44", "end": "00:08:49", "text": "on this Iran war, which is what's been"}, {"start": "00:08:47", "end": "00:08:51", "text": "said, it's not showing through in the"}, {"start": "00:08:49", "end": "00:08:53", "text": "numbers at all right now, but if that"}, {"start": "00:08:51", "end": "00:08:55", "text": "happens, then absolutely I think people"}, {"start": "00:08:53", "end": "00:08:56", "text": "need a hedge in their portfolios because"}, {"start": "00:08:55", "end": "00:08:58", "text": "that will pull everything down. And"}, {"start": "00:08:56", "end": "00:09:00", "text": "actually, short-term it'll pull gold"}, {"start": "00:08:58", "end": "00:09:03", "text": "down as well, Anthony. So anyway, that's"}, {"start": "00:09:00", "end": "00:09:05", "text": "my thinking about that. And I'd love to"}, {"start": "00:09:03", "end": "00:09:08", "text": "get your views on, you know, if if there"}, {"start": "00:09:05", "end": "00:09:10", "text": "were, I'll call it a freakout because of"}, {"start": "00:09:08", "end": "00:09:12", "text": "government spending, you could have the"}, {"start": "00:09:10", "end": "00:09:13", "text": "10-year jump 200 basis points. I don't"}, {"start": "00:09:12", "end": "00:09:16", "text": "think there's going to be anywhere to"}, {"start": "00:09:13", "end": "00:09:18", "text": "hide even even gold. But but medium"}, {"start": "00:09:16", "end": "00:09:21", "text": "long-term, I think gold is is something"}, {"start": "00:09:18", "end": "00:09:23", "text": "you want. Start with gold bullion. If"}, {"start": "00:09:21", "end": "00:09:25", "text": "you you know, if you don't have someone"}, {"start": "00:09:23", "end": "00:09:27", "text": "helping you with the allocation, that"}, {"start": "00:09:25", "end": "00:09:29", "text": "would be the biggest thing um in my"}, {"start": "00:09:27", "end": "00:09:32", "text": "portfolio because of its historical"}, {"start": "00:09:29", "end": "00:09:34", "text": "liquidity. Gold shares are kind of an"}, {"start": "00:09:32", "end": "00:09:36", "text": "add-on to that. Maybe 2/3 bullion,"}, {"start": "00:09:34", "end": "00:09:38", "text": "one-/3 gold shares if I was just to"}, {"start": "00:09:36", "end": "00:09:40", "text": "start somewhere. Yeah."}, {"start": "00:09:38", "end": "00:09:42", "text": ">> But um you know, more of our business is"}, {"start": "00:09:40", "end": "00:09:44", "text": "now doing model allocation."}, {"start": "00:09:42", "end": "00:09:46", "text": ">> Yeah. What was so fascinating to me is"}, {"start": "00:09:44", "end": "00:09:48", "text": "you know, if you go back to I don't know"}, {"start": "00:09:46", "end": "00:09:49", "text": "10, 15, maybe 20 years ago and you said"}, {"start": "00:09:48", "end": "00:09:51", "text": "to someone, I'm going to buy gold"}, {"start": "00:09:49", "end": "00:09:52", "text": "instead of buy equities. Uh and I think"}, {"start": "00:09:51", "end": "00:09:53", "text": "gold may outperform. First of all, I"}, {"start": "00:09:52", "end": "00:09:54", "text": "don't think there's that many people"}, {"start": "00:09:53", "end": "00:09:55", "text": "saying they were buying gold because"}, {"start": "00:09:54", "end": "00:09:56", "text": "they thought it was going to outperform"}, {"start": "00:09:55", "end": "00:09:58", "text": "as much as they were basically buying it"}, {"start": "00:09:56", "end": "00:10:01", "text": "as protection, right? So equities was"}, {"start": "00:09:58", "end": "00:10:02", "text": "for growth. gold's for protection. Now,"}, {"start": "00:10:01", "end": "00:10:04", "text": "the argument was always that, hey, the"}, {"start": "00:10:02", "end": "00:10:04", "text": "equities are productive, right? You're"}, {"start": "00:10:04", "end": "00:10:05", "text": "going to get cash flow, you're going to"}, {"start": "00:10:04", "end": "00:10:07", "text": "get yield, you're going to be able to do"}, {"start": "00:10:05", "end": "00:10:09", "text": "all this stuff. There have been certain"}, {"start": "00:10:07", "end": "00:10:10", "text": "times over the last two years where if"}, {"start": "00:10:09", "end": "00:10:12", "text": "you look back 25 years, gold has"}, {"start": "00:10:10", "end": "00:10:14", "text": "actually outperformed equities. It's"}, {"start": "00:10:12", "end": "00:10:16", "text": "very fascinating to me because it"}, {"start": "00:10:14", "end": "00:10:18", "text": "suggests that maybe a lot of the equity"}, {"start": "00:10:16", "end": "00:10:19", "text": "growth has really just been the"}, {"start": "00:10:18", "end": "00:10:21", "text": "debasement of the dollar more so than"}, {"start": "00:10:19", "end": "00:10:22", "text": "the productivity of the underlying"}, {"start": "00:10:21", "end": "00:10:23", "text": "companies. Is that how you look at it?"}, {"start": "00:10:22", "end": "00:10:25", "text": "It's been a horrible time for the"}, {"start": "00:10:23", "end": "00:10:26", "text": "equities and that's what I was you know"}, {"start": "00:10:25", "end": "00:10:30", "text": "that's why I was pointing out that big"}, {"start": "00:10:26", "end": "00:10:32", "text": "draw down from 2011 to 2018 2016 if you"}, {"start": "00:10:30", "end": "00:10:34", "text": "take a big step back the big first big"}, {"start": "00:10:32", "end": "00:10:37", "text": "commodity cycle in the US was in recent"}, {"start": "00:10:34", "end": "00:10:39", "text": "history was the 1970s and the beauty of"}, {"start": "00:10:37", "end": "00:10:41", "text": "that cycle for the companies their cost"}, {"start": "00:10:39", "end": "00:10:45", "text": "of production didn't go up so the price"}, {"start": "00:10:41", "end": "00:10:46", "text": "of gold went from 35 to over $800 an"}, {"start": "00:10:45", "end": "00:10:48", "text": "ounce cost of producing gold didn't"}, {"start": "00:10:46", "end": "00:10:51", "text": "really change what's happened over the"}, {"start": "00:10:48", "end": "00:10:53", "text": "ensuing decades including the 2000s the"}, {"start": "00:10:51", "end": "00:10:56", "text": "China boom is that the cost of producing"}, {"start": "00:10:53", "end": "00:10:58", "text": "commodities has started to increase with"}, {"start": "00:10:56", "end": "00:10:59", "text": "the cost of inflation and it's basically"}, {"start": "00:10:58", "end": "00:11:02", "text": "we're running out."}, {"start": "00:10:59", "end": "00:11:05", "text": ">> So it's you have to dig more tons of"}, {"start": "00:11:02", "end": "00:11:06", "text": "dirt for every little ounce of gold. Um"}, {"start": "00:11:05", "end": "00:11:09", "text": "and that that extends throughout the"}, {"start": "00:11:06", "end": "00:11:11", "text": "resources universe. So the equities, you"}, {"start": "00:11:09", "end": "00:11:13", "text": "know, we're punished for that. They're"}, {"start": "00:11:11", "end": "00:11:15", "text": "like great, you know, Anthony Yan, you"}, {"start": "00:11:13", "end": "00:11:17", "text": "know, I can, you know, gold's at 4500 or"}, {"start": "00:11:15", "end": "00:11:19", "text": "whatever it is an ounce, but you know,"}, {"start": "00:11:17", "end": "00:11:21", "text": "your costs keep going up. It's like the"}, {"start": "00:11:19", "end": "00:11:23", "text": "opposite of when you look at the tech"}, {"start": "00:11:21", "end": "00:11:26", "text": "companies like Nvidia or all the hypers"}, {"start": "00:11:23", "end": "00:11:28", "text": "scale, their margins are beautiful. They"}, {"start": "00:11:26", "end": "00:11:29", "text": "just sit there in the high 70s, right?"}, {"start": "00:11:28", "end": "00:11:31", "text": "Why would you want to own a company"}, {"start": "00:11:29", "end": "00:11:33", "text": "where the margins are shrinking every"}, {"start": "00:11:31", "end": "00:11:34", "text": "year? So that's been the overhang. And"}, {"start": "00:11:33", "end": "00:11:36", "text": "you're right, over the recent past, it's"}, {"start": "00:11:34", "end": "00:11:38", "text": "been been really bad. Now, in a bullish"}, {"start": "00:11:36", "end": "00:11:39", "text": "environment, you can overcome that."}, {"start": "00:11:38", "end": "00:11:42", "text": ">> Yeah. What's fascinating about the"}, {"start": "00:11:39", "end": "00:11:43", "text": "commodities in particular is also uh"}, {"start": "00:11:42", "end": "00:11:46", "text": "most people don't think of AI and"}, {"start": "00:11:43", "end": "00:11:47", "text": "commodities being hyperlin together but"}, {"start": "00:11:46", "end": "00:11:49", "text": "obviously we have seen that this"}, {"start": "00:11:47", "end": "00:11:51", "text": "commodity bull market is being heavily"}, {"start": "00:11:49", "end": "00:11:53", "text": "driven by oh wait a second we need more"}, {"start": "00:11:51", "end": "00:11:54", "text": "power we need to build data centers we"}, {"start": "00:11:53", "end": "00:11:56", "text": "need to build out electrical"}, {"start": "00:11:54", "end": "00:11:58", "text": "infrastructure that is made up of"}, {"start": "00:11:56", "end": "00:12:00", "text": "commodities we have to go find this"}, {"start": "00:11:58", "end": "00:12:02", "text": "stuff and so there's almost this like"}, {"start": "00:12:00", "end": "00:12:05", "text": "global treasure hunt if you will trying"}, {"start": "00:12:02", "end": "00:12:07", "text": "to find uh enough supply to meet the"}, {"start": "00:12:05", "end": "00:12:08", "text": "demand and I don't see that changing"}, {"start": "00:12:07", "end": "00:12:10", "text": "anytime soon. What about you?"}, {"start": "00:12:08", "end": "00:12:12", "text": ">> Uh, no, I don't see it. You're right."}, {"start": "00:12:10", "end": "00:12:14", "text": "It's the the new world needs the old"}, {"start": "00:12:12", "end": "00:12:17", "text": "world and you've got the reshoring"}, {"start": "00:12:14", "end": "00:12:19", "text": "dynamic, right? All the supply chains"}, {"start": "00:12:17", "end": "00:12:21", "text": "need to be independent of China. So,"}, {"start": "00:12:19", "end": "00:12:23", "text": "that's rare earth. That's not directly"}, {"start": "00:12:21", "end": "00:12:26", "text": "for AI compute, but u but indirectly it"}, {"start": "00:12:23", "end": "00:12:28", "text": "is. Uh, but yeah, copper and all the"}, {"start": "00:12:26", "end": "00:12:31", "text": "commodities uh all the processing. So,"}, {"start": "00:12:28", "end": "00:12:34", "text": "you've got the yeah, the double kick of"}, {"start": "00:12:31", "end": "00:12:38", "text": "we need more and we need it home."}, {"start": "00:12:34", "end": "00:12:40", "text": "Now when you look at um gold and silver"}, {"start": "00:12:38", "end": "00:12:41", "text": "in particular, those two had exploded"}, {"start": "00:12:40", "end": "00:12:45", "text": "over the last, you know, two years or"}, {"start": "00:12:41", "end": "00:12:47", "text": "so, um in a weird way, Bitcoin has not"}, {"start": "00:12:45", "end": "00:12:48", "text": "kept up. And so some people say, hey,"}, {"start": "00:12:47", "end": "00:12:49", "text": "well, that means that Bitcoin's got to"}, {"start": "00:12:48", "end": "00:12:51", "text": "catch up. Other people would argue"}, {"start": "00:12:49", "end": "00:12:53", "text": "actually that means gold is going to"}, {"start": "00:12:51", "end": "00:12:55", "text": "kind of correct and you know, gold and"}, {"start": "00:12:53", "end": "00:12:56", "text": "Bitcoin will meet again. How do you look"}, {"start": "00:12:55", "end": "00:12:57", "text": "at the relationship between these two"}, {"start": "00:12:56", "end": "00:12:59", "text": "assets?"}, {"start": "00:12:57", "end": "00:13:02", "text": ">> I I I think it's impossible to say"}, {"start": "00:12:59", "end": "00:13:04", "text": "Bitcoin should do X, Y, or Z,"}, {"start": "00:13:02", "end": "00:13:06", "text": ">> right? I mean the the reason I got"}, {"start": "00:13:04", "end": "00:13:10", "text": "interested in it in 2017 is it's its own"}, {"start": "00:13:06", "end": "00:13:12", "text": "thing and it's going to evolve as"}, {"start": "00:13:10", "end": "00:13:14", "text": "adoption changes. Now what what has"}, {"start": "00:13:12", "end": "00:13:16", "text": "changed in the adoption story in the"}, {"start": "00:13:14", "end": "00:13:18", "text": "last two years? Nothing, right? Central"}, {"start": "00:13:16", "end": "00:13:20", "text": "banks haven't come on board,"}, {"start": "00:13:18", "end": "00:13:22", "text": "corporations haven't come on board. It's"}, {"start": "00:13:20", "end": "00:13:24", "text": "it's basically been some financial"}, {"start": "00:13:22", "end": "00:13:25", "text": "investors through the ETFs, but not many"}, {"start": "00:13:24", "end": "00:13:29", "text": "institutions,"}, {"start": "00:13:25", "end": "00:13:31", "text": ">> right? Uh so slowly asset allocators"}, {"start": "00:13:29", "end": "00:13:33", "text": "have started to include it, but not not"}, {"start": "00:13:31", "end": "00:13:34", "text": "dramatic. So why would you expect some"}, {"start": "00:13:33", "end": "00:13:36", "text": "big change in the price of Bitcoin when"}, {"start": "00:13:34", "end": "00:13:37", "text": "nothing has happened? I mean the way I"}, {"start": "00:13:36", "end": "00:13:40", "text": "look at it is still the oldfashioned"}, {"start": "00:13:37", "end": "00:13:43", "text": "way. Very simplistic. I'm an over I like"}, {"start": "00:13:40", "end": "00:13:46", "text": "to oversimplify. Limited supply like"}, {"start": "00:13:43", "end": "00:13:48", "text": "gold for your happening cycle or your"}, {"start": "00:13:46", "end": "00:13:50", "text": "happening cycle has driven because"}, {"start": "00:13:48", "end": "00:13:52", "text": "that's the amount of Bitcoin that miners"}, {"start": "00:13:50", "end": "00:13:54", "text": "get to run the network. That has caused"}, {"start": "00:13:52", "end": "00:13:56", "text": "a decline right in their profitability"}, {"start": "00:13:54", "end": "00:13:58", "text": "and a decline every four years in"}, {"start": "00:13:56", "end": "00:14:01", "text": "Bitcoin. Guess what? 2026 is the year of"}, {"start": "00:13:58", "end": "00:14:04", "text": "decline in Bitcoin. wh why you know why"}, {"start": "00:14:01", "end": "00:14:06", "text": "would it break the cycle this year given"}, {"start": "00:14:04", "end": "00:14:08", "text": "that nothing has changed on the adoption"}, {"start": "00:14:06", "end": "00:14:11", "text": "side. So, uh, I I'm still long-term"}, {"start": "00:14:08", "end": "00:14:13", "text": "bullish. Uh, and I just don't get the"}, {"start": "00:14:11", "end": "00:14:15", "text": "narrative of it should, you know, link."}, {"start": "00:14:13", "end": "00:14:17", "text": "Well, actually, it's been a negative to"}, {"start": "00:14:15", "end": "00:14:19", "text": "me that Bitcoin has had this higher"}, {"start": "00:14:17", "end": "00:14:21", "text": "correlation to the NASDAQ since co,"}, {"start": "00:14:19", "end": "00:14:23", "text": "right? It's it used to have zero"}, {"start": "00:14:21", "end": "00:14:25", "text": "literally zero correlation and now it's"}, {"start": "00:14:23", "end": "00:14:27", "text": "had a 6 correlation, which is really"}, {"start": "00:14:25", "end": "00:14:29", "text": "high, right? A correlation of one is the"}, {"start": "00:14:27", "end": "00:14:31", "text": "identical performance."}, {"start": "00:14:29", "end": "00:14:34", "text": ">> So, I you know, that's kind of where I'm"}, {"start": "00:14:31", "end": "00:14:35", "text": "at. I I don't like and and even Wait a"}, {"start": "00:14:34", "end": "00:14:36", "text": "minute wait, it's it's it's a longterm"}, {"start": "00:14:35", "end": "00:14:38", "text": "story. Yeah."}, {"start": "00:14:36", "end": "00:14:40", "text": ">> Do you see sophisticated institutional"}, {"start": "00:14:38", "end": "00:14:41", "text": "investors actually walking away from or"}, {"start": "00:14:40", "end": "00:14:43", "text": "not investing in Bitcoin because the"}, {"start": "00:14:41", "end": "00:14:46", "text": "correlations have risen?"}, {"start": "00:14:43", "end": "00:14:49", "text": ">> I think allocators, right? So, if you"}, {"start": "00:14:46", "end": "00:14:52", "text": "think about a lot of America's wealth"}, {"start": "00:14:49", "end": "00:14:54", "text": "through financial advisors"}, {"start": "00:14:52", "end": "00:14:56", "text": "um is in these big model portfolios,"}, {"start": "00:14:54", "end": "00:14:58", "text": "right? They follow the chief investment"}, {"start": "00:14:56", "end": "00:15:00", "text": "officers of a Morgan Stanley or a Maril"}, {"start": "00:14:58", "end": "00:15:02", "text": "Lynch or something like that. And so"}, {"start": "00:15:00", "end": "00:15:05", "text": "your average advisor is doing less and"}, {"start": "00:15:02", "end": "00:15:07", "text": "less of the fund picking or the Bitcoin"}, {"start": "00:15:05", "end": "00:15:10", "text": "allocation."}, {"start": "00:15:07", "end": "00:15:13", "text": ">> Those allocators are open to uh to"}, {"start": "00:15:10", "end": "00:15:15", "text": "Bitcoin. Um especially with the ETF kind"}, {"start": "00:15:13", "end": "00:15:17", "text": "of approval, implicit approval of the US"}, {"start": "00:15:15", "end": "00:15:20", "text": "government, but they absolutely do not"}, {"start": "00:15:17", "end": "00:15:22", "text": "like the correlation. It will right they"}, {"start": "00:15:20", "end": "00:15:25", "text": "they'll just say I'll have 1% as opposed"}, {"start": "00:15:22", "end": "00:15:28", "text": "to 2%. Or 2% as opposed to 4%."}, {"start": "00:15:25", "end": "00:15:28", "text": "Absolutely. I think it's hurt adoption."}, {"start": "00:15:28", "end": "00:15:30", "text": ">> Yeah. Now,"}, {"start": "00:15:28", "end": "00:15:31", "text": ">> I hope it changes. I don't know if you"}, {"start": "00:15:30", "end": "00:15:33", "text": "have a view on that."}, {"start": "00:15:31", "end": "00:15:34", "text": ">> I think that it just takes time. I mean,"}, {"start": "00:15:33", "end": "00:15:35", "text": "I've been saying for years, people"}, {"start": "00:15:34", "end": "00:15:36", "text": "always ask, you know, what has to happen"}, {"start": "00:15:35", "end": "00:15:38", "text": "for Bitcoin to go higher and I would"}, {"start": "00:15:36", "end": "00:15:39", "text": "just say the expiration of time and I"}, {"start": "00:15:38", "end": "00:15:41", "text": "know people don't like that answer,"}, {"start": "00:15:39", "end": "00:15:42", "text": "right? But like there is an element of"}, {"start": "00:15:41", "end": "00:15:44", "text": "you need young people to become a little"}, {"start": "00:15:42", "end": "00:15:45", "text": "bit older. They need to make more money."}, {"start": "00:15:44", "end": "00:15:46", "text": "They already are sympathetic to Bitcoin"}, {"start": "00:15:45", "end": "00:15:48", "text": "and so they're going to continue to put"}, {"start": "00:15:46", "end": "00:15:50", "text": "more money in. You need these young"}, {"start": "00:15:48", "end": "00:15:52", "text": "people who are analysts or um you know"}, {"start": "00:15:50", "end": "00:15:54", "text": "kind of associates at the financial"}, {"start": "00:15:52", "end": "00:15:56", "text": "firms to become the managing directors"}, {"start": "00:15:54", "end": "00:15:58", "text": "or the CIOS and get into positions of"}, {"start": "00:15:56", "end": "00:16:01", "text": "power and influence and control. Um you"}, {"start": "00:15:58", "end": "00:16:03", "text": "need to have the kind of Lindy effect of"}, {"start": "00:16:01", "end": "00:16:06", "text": "okay this thing has not only been around"}, {"start": "00:16:03", "end": "00:16:07", "text": "for 10 years, 12 years, 15 years now"}, {"start": "00:16:06", "end": "00:16:09", "text": "it's been around for 50 years, right?"}, {"start": "00:16:07", "end": "00:16:11", "text": "And so people just continue to allocate"}, {"start": "00:16:09", "end": "00:16:14", "text": "to it because they realize it's not"}, {"start": "00:16:11", "end": "00:16:17", "text": "going away. And so it's in a world of"}, {"start": "00:16:14", "end": "00:16:19", "text": "Bitcoin where people as like a"}, {"start": "00:16:17", "end": "00:16:21", "text": "population have been so instrumental in"}, {"start": "00:16:19", "end": "00:16:23", "text": "making it successful."}, {"start": "00:16:21", "end": "00:16:24", "text": ">> The most important thing to happen to"}, {"start": "00:16:23", "end": "00:16:26", "text": "Bitcoin is the thing that none of us"}, {"start": "00:16:24", "end": "00:16:27", "text": "control. It's just time. You can't speed"}, {"start": "00:16:26", "end": "00:16:29", "text": "it up. And so you just got to kind of"}, {"start": "00:16:27", "end": "00:16:31", "text": "let it happen. And if you go back, you"}, {"start": "00:16:29", "end": "00:16:33", "text": "know, two and a half years ago, what?"}, {"start": "00:16:31", "end": "00:16:35", "text": "There's no ETF, right? A lot of these"}, {"start": "00:16:33", "end": "00:16:37", "text": "institutions aren't participating. Larry"}, {"start": "00:16:35", "end": "00:16:39", "text": "Frink is not on television acting as"}, {"start": "00:16:37", "end": "00:16:41", "text": "the, you know, CMO of Bitcoin, right?"}, {"start": "00:16:39", "end": "00:16:44", "text": "Like all this stuff. And so in a weird"}, {"start": "00:16:41", "end": "00:16:46", "text": "way u just the passage of time the"}, {"start": "00:16:44", "end": "00:16:48", "text": "normalization I think you get more"}, {"start": "00:16:46", "end": "00:16:48", "text": "capital more interest that the media"}, {"start": "00:16:48", "end": "00:16:51", "text": "actually"}, {"start": "00:16:48", "end": "00:16:52", "text": ">> now treats it much more like an asset"}, {"start": "00:16:51", "end": "00:16:54", "text": "that is not going away"}, {"start": "00:16:52", "end": "00:16:55", "text": ">> they will still claim it's dead or you"}, {"start": "00:16:54", "end": "00:16:57", "text": "know you guys are idiots for putting in"}, {"start": "00:16:55", "end": "00:16:58", "text": "your portfolio or you're too bullish or"}, {"start": "00:16:57", "end": "00:17:01", "text": "you know whatever their critique is"}, {"start": "00:16:58", "end": "00:17:02", "text": ">> but people forget I mean 5 years ago"}, {"start": "00:17:01", "end": "00:17:04", "text": ">> if you said that you thought Bitcoin was"}, {"start": "00:17:02", "end": "00:17:06", "text": "going to 100 grand these people were"}, {"start": "00:17:04", "end": "00:17:07", "text": "they'd crucify you right I mean they"}, {"start": "00:17:06", "end": "00:17:09", "text": "literally were like you guys are stupid"}, {"start": "00:17:07", "end": "00:17:11", "text": "this thing is complete zero"}, {"start": "00:17:09", "end": "00:17:13", "text": ">> and So, what I think is interesting is"}, {"start": "00:17:11", "end": "00:17:15", "text": "Bitcoin has passed into, you know, kind"}, {"start": "00:17:13", "end": "00:17:17", "text": "of the the major leagues is the way I"}, {"start": "00:17:15", "end": "00:17:19", "text": "think about it. I think stable coins"}, {"start": "00:17:17", "end": "00:17:21", "text": "have as well, but that long tale of"}, {"start": "00:17:19", "end": "00:17:23", "text": "crypto, I mean, it's not like you guys"}, {"start": "00:17:21", "end": "00:17:26", "text": "ran out and filed for, you know, 50"}, {"start": "00:17:23", "end": "00:17:29", "text": "crypto altcoin ETFs, right? And so, I"}, {"start": "00:17:26", "end": "00:17:30", "text": "just don't see interest in that stuff in"}, {"start": "00:17:29", "end": "00:17:33", "text": "what I consider like the major leagues"}, {"start": "00:17:30", "end": "00:17:36", "text": "of uh of finance. Yeah, I think there's"}, {"start": "00:17:33", "end": "00:17:39", "text": "an aspect of that level of patience"}, {"start": "00:17:36", "end": "00:17:42", "text": "which really rings loudly in my ears and"}, {"start": "00:17:39", "end": "00:17:44", "text": "it it the first time um this kind of"}, {"start": "00:17:42", "end": "00:17:46", "text": "concept was driven home to me I was"}, {"start": "00:17:44", "end": "00:17:48", "text": "listening to the all-in pod and they"}, {"start": "00:17:46", "end": "00:17:51", "text": "were talking about internet stocks like"}, {"start": "00:17:48", "end": "00:17:53", "text": "Amazon like the winners what was"}, {"start": "00:17:51", "end": "00:17:56", "text": "happening to their stocks after the you"}, {"start": "00:17:53", "end": "00:17:59", "text": "know the blowoff in in 2000 right as as"}, {"start": "00:17:56", "end": "00:18:02", "text": "in NASDAQ took what 15 years to break"}, {"start": "00:17:59", "end": "00:18:05", "text": "even whether and it's just the rotation"}, {"start": "00:18:02", "end": "00:18:07", "text": "in the ownership of those stocks, right?"}, {"start": "00:18:05", "end": "00:18:10", "text": "Where people who had lost money were"}, {"start": "00:18:07", "end": "00:18:12", "text": "selling for g, you know, tax reasons and"}, {"start": "00:18:10", "end": "00:18:14", "text": "then new buyers would come in, but then"}, {"start": "00:18:12", "end": "00:18:16", "text": "the price would go up and the people"}, {"start": "00:18:14", "end": "00:18:18", "text": "were like, \"Oh, I'm even. I'm out.\" And"}, {"start": "00:18:16", "end": "00:18:20", "text": "there's just it was a multi-year"}, {"start": "00:18:18", "end": "00:18:21", "text": "process. I don't there's I don't know if"}, {"start": "00:18:20", "end": "00:18:23", "text": "there's a good word for it. If there is,"}, {"start": "00:18:21", "end": "00:18:25", "text": "I don't I don't know what it is, but I"}, {"start": "00:18:23", "end": "00:18:27", "text": "find that's very similar to like what's"}, {"start": "00:18:25", "end": "00:18:29", "text": "happened to Nvidia over the last nine"}, {"start": "00:18:27", "end": "00:18:31", "text": "months, right? fabulous stock over the"}, {"start": "00:18:29", "end": "00:18:33", "text": "last five years, right? But over the"}, {"start": "00:18:31", "end": "00:18:37", "text": "last last nine months, despite this huge"}, {"start": "00:18:33", "end": "00:18:39", "text": "compute shortage, it's been grinding,"}, {"start": "00:18:37", "end": "00:18:41", "text": "you know, and I just think I think it's"}, {"start": "00:18:39", "end": "00:18:43", "text": "it's just the replacement of ownership"}, {"start": "00:18:41", "end": "00:18:45", "text": "and I think that's happening in Bitcoin"}, {"start": "00:18:43", "end": "00:18:47", "text": "and it's almost foreseeable, right? We"}, {"start": "00:18:45", "end": "00:18:49", "text": "were we were talking if you remember at"}, {"start": "00:18:47", "end": "00:18:50", "text": "the end of last year and we were"}, {"start": "00:18:49", "end": "00:18:52", "text": "basically saying this was going to"}, {"start": "00:18:50", "end": "00:18:54", "text": "happen. It was going to be quiet. We"}, {"start": "00:18:52", "end": "00:18:55", "text": "we're both big Bitcoin owners, I"}, {"start": "00:18:54", "end": "00:18:58", "text": "believe, right? But we're like, it's"}, {"start": "00:18:55", "end": "00:19:01", "text": "just going to be boring. And I think"}, {"start": "00:18:58", "end": "00:19:02", "text": "part of it is that that churn churn is a"}, {"start": "00:19:01", "end": "00:19:04", "text": "negative word, but you know what I mean?"}, {"start": "00:19:02", "end": "00:19:06", "text": "It's like replacement. Maybe it's a"}, {"start": "00:19:04", "end": "00:19:07", "text": "re-energiz energizing or something of"}, {"start": "00:19:06", "end": "00:19:10", "text": "the of the ownership base."}, {"start": "00:19:07", "end": "00:19:11", "text": ">> Jordi Bisser calls it like a silent IPO,"}, {"start": "00:19:10", "end": "00:19:13", "text": "right? As you basically have like in a"}, {"start": "00:19:11", "end": "00:19:14", "text": "normal IPO, you have all the private"}, {"start": "00:19:13", "end": "00:19:16", "text": "investors and they basically are handing"}, {"start": "00:19:14", "end": "00:19:17", "text": "it to the institutions of the public"}, {"start": "00:19:16", "end": "00:19:20", "text": "market and there's this like changing of"}, {"start": "00:19:17", "end": "00:19:21", "text": "the guard, right? And his his point is"}, {"start": "00:19:20", "end": "00:19:23", "text": "basically that is what Bitcoin has been"}, {"start": "00:19:21", "end": "00:19:25", "text": "going through over the last year or so"}, {"start": "00:19:23", "end": "00:19:28", "text": "is this replacement or the changing of"}, {"start": "00:19:25", "end": "00:19:30", "text": "hands from what are really the hardcore"}, {"start": "00:19:28", "end": "00:19:31", "text": "retail individual Bitcoiners."}, {"start": "00:19:30", "end": "00:19:32", "text": ">> Yeah."}, {"start": "00:19:31", "end": "00:19:34", "text": ">> Some portion of them, not all of them,"}, {"start": "00:19:32", "end": "00:19:36", "text": "but some portion of them have been"}, {"start": "00:19:34", "end": "00:19:38", "text": "selling. And you can see where the"}, {"start": "00:19:36", "end": "00:19:41", "text": "buying is coming from. And the question"}, {"start": "00:19:38", "end": "00:19:43", "text": "is just how long will it take for that"}, {"start": "00:19:41", "end": "00:19:45", "text": "changeover to happen. Now the nice thing"}, {"start": "00:19:43", "end": "00:19:47", "text": "I believe is that when the institutions"}, {"start": "00:19:45", "end": "00:19:49", "text": "hold Bitcoin, they don't really sell"}, {"start": "00:19:47", "end": "00:19:51", "text": "that much. Right. And so you're actually"}, {"start": "00:19:49", "end": "00:19:53", "text": "almost taking it from people who did"}, {"start": "00:19:51", "end": "00:19:55", "text": "have really strong kind of diamond hands"}, {"start": "00:19:53", "end": "00:19:56", "text": "and you're handing it to professional"}, {"start": "00:19:55", "end": "00:19:58", "text": "diamond hands."}, {"start": "00:19:56", "end": "00:20:00", "text": ">> And so that should lay the groundwork."}, {"start": "00:19:58", "end": "00:20:02", "text": ">> But I also think the volatility"}, {"start": "00:20:00", "end": "00:20:03", "text": "compressing a lot of Bitcoiners like"}, {"start": "00:20:02", "end": "00:20:04", "text": "Bitcoin because it was super volatile."}, {"start": "00:20:03", "end": "00:20:05", "text": "Yeah."}, {"start": "00:20:04", "end": "00:20:06", "text": ">> You know, the thing that scared away"}, {"start": "00:20:05", "end": "00:20:07", "text": "institutions attracted the individuals,"}, {"start": "00:20:06", "end": "00:20:09", "text": ">> right?"}, {"start": "00:20:07", "end": "00:20:10", "text": ">> Now I I think that we've reached a"}, {"start": "00:20:09", "end": "00:20:12", "text": "volatility point where the institutions"}, {"start": "00:20:10", "end": "00:20:15", "text": "are interested, which means that the"}, {"start": "00:20:12", "end": "00:20:17", "text": "like cowboys of finance, they're like,"}, {"start": "00:20:15", "end": "00:20:18", "text": "h, is it going to go up 30% a year?"}, {"start": "00:20:17", "end": "00:20:20", "text": "They're like, \"Nah, where's the thing"}, {"start": "00:20:18", "end": "00:20:21", "text": "that's going to go up 200%.\""}, {"start": "00:20:20", "end": "00:20:24", "text": ">> Stocks, let's go."}, {"start": "00:20:21", "end": "00:20:27", "text": ">> Right. Yeah. So, I I do think that"}, {"start": "00:20:24", "end": "00:20:29", "text": "there's this very interesting dynamic of"}, {"start": "00:20:27", "end": "00:20:30", "text": "you have people who are early to a lot"}, {"start": "00:20:29", "end": "00:20:31", "text": "of these trends, what they're actually"}, {"start": "00:20:30", "end": "00:20:32", "text": "seeking is the asymmetry and the"}, {"start": "00:20:31", "end": "00:20:35", "text": "volatility."}, {"start": "00:20:32", "end": "00:20:36", "text": ">> If Bitcoin's asymmetry is gone and now"}, {"start": "00:20:35", "end": "00:20:37", "text": "you basically have something that"}, {"start": "00:20:36", "end": "00:20:40", "text": "compounds at 30% a year for the next"}, {"start": "00:20:37", "end": "00:20:42", "text": "decade, any traditional investor would"}, {"start": "00:20:40", "end": "00:20:44", "text": "be a static."}, {"start": "00:20:42", "end": "00:20:45", "text": "But the hardcore Bitcoiners that were"}, {"start": "00:20:44", "end": "00:20:49", "text": "there for the volatility and and the"}, {"start": "00:20:45", "end": "00:20:49", "text": "quoteunquote fun, they're like the stock"}, {"start": "00:20:49", "end": "00:20:51", "text": "market does that."}, {"start": "00:20:49", "end": "00:20:53", "text": ">> They'd be ecstatic, but they'd be"}, {"start": "00:20:51", "end": "00:20:56", "text": "thrilled if that correlation came down."}, {"start": "00:20:53", "end": "00:20:57", "text": ">> Correct. Cuz that's the that's the you"}, {"start": "00:20:56", "end": "00:20:59", "text": "know, who needs more cues, right? That's"}, {"start": "00:20:57", "end": "00:21:02", "text": "kind of the thing. I like I like the"}, {"start": "00:20:59", "end": "00:21:03", "text": "silent IPO concept. You know, when I was"}, {"start": "00:21:02", "end": "00:21:05", "text": "I've been watching Nvidia, obviously"}, {"start": "00:21:03", "end": "00:21:08", "text": "it's the biggest holding in SMH, so I"}, {"start": "00:21:05", "end": "00:21:09", "text": "watch it very closely. But uh SoftBank"}, {"start": "00:21:08", "end": "00:21:11", "text": "last year announced they were selling"}, {"start": "00:21:09", "end": "00:21:12", "text": "their early investor in Nvidia. They"}, {"start": "00:21:11", "end": "00:21:14", "text": "were selling all their Nvidia and that's"}, {"start": "00:21:12", "end": "00:21:16", "text": "kind of what your point is, right? It's"}, {"start": "00:21:14", "end": "00:21:18", "text": "like an IPO process like they were"}, {"start": "00:21:16", "end": "00:21:20", "text": "getting out. They probably have other"}, {"start": "00:21:18", "end": "00:21:22", "text": "things that they can make 10 jillion"}, {"start": "00:21:20", "end": "00:21:23", "text": "times their money at, right? But um"}, {"start": "00:21:22", "end": "00:21:25", "text": "yeah, interesting. I"}, {"start": "00:21:23", "end": "00:21:27", "text": ">> it's also like what is your game, right?"}, {"start": "00:21:25", "end": "00:21:28", "text": "If I think of you and Van, I think that"}, {"start": "00:21:27", "end": "00:21:30", "text": "you you have a very specific game that"}, {"start": "00:21:28", "end": "00:21:31", "text": "you guys play, right? Both in terms of"}, {"start": "00:21:30", "end": "00:21:32", "text": "as you and I have talked over the years"}, {"start": "00:21:31", "end": "00:21:34", "text": "about your personal portfolio or the"}, {"start": "00:21:32", "end": "00:21:36", "text": "firm's, you know, kind of allocation of"}, {"start": "00:21:34", "end": "00:21:37", "text": "capital, uh but also the products that"}, {"start": "00:21:36", "end": "00:21:40", "text": "you offer, right? I think it's a very"}, {"start": "00:21:37", "end": "00:21:42", "text": "unique approach and mentality compared"}, {"start": "00:21:40", "end": "00:21:44", "text": "to, you know, take the exact opposite"}, {"start": "00:21:42", "end": "00:21:46", "text": "extreme. The 25-year-old who's just"}, {"start": "00:21:44", "end": "00:21:47", "text": "started to make money and is, you know,"}, {"start": "00:21:46", "end": "00:21:50", "text": "basically saying, \"My W2 is not going to"}, {"start": "00:21:47", "end": "00:21:52", "text": "get me any sort of financial security. I"}, {"start": "00:21:50", "end": "00:21:54", "text": "got to go and take max risk right now.\""}, {"start": "00:21:52", "end": "00:21:55", "text": "Their allocation is going to look very"}, {"start": "00:21:54", "end": "00:21:57", "text": "different than what Van is doing, right?"}, {"start": "00:21:55", "end": "00:22:00", "text": "And I I think that that is part of this"}, {"start": "00:21:57", "end": "00:22:02", "text": "of Bitcoin was super attractive because"}, {"start": "00:22:00", "end": "00:22:03", "text": "it was also people buying it. They knew"}, {"start": "00:22:02", "end": "00:22:05", "text": "the world was betting against them"}, {"start": "00:22:03", "end": "00:22:06", "text": ">> and you were kind of get gonna get paid"}, {"start": "00:22:05", "end": "00:22:08", "text": "if you were right. If you think of"}, {"start": "00:22:06", "end": "00:22:09", "text": "prediction markets today, like that's"}, {"start": "00:22:08", "end": "00:22:10", "text": "kind of what people are doing, right?"}, {"start": "00:22:09", "end": "00:22:12", "text": "Like people are looking for what's the"}, {"start": "00:22:10", "end": "00:22:14", "text": "thing that is mispriced"}, {"start": "00:22:12", "end": "00:22:16", "text": ">> and maybe Bitcoin is getting better"}, {"start": "00:22:14", "end": "00:22:18", "text": "priced. Like the world understands it"}, {"start": "00:22:16", "end": "00:22:19", "text": "more and so if it's better priced,"}, {"start": "00:22:18", "end": "00:22:20", "text": "you're just not going to have as much"}, {"start": "00:22:19", "end": "00:22:21", "text": "asymmetry to it."}, {"start": "00:22:20", "end": "00:22:24", "text": ">> Yeah, could be."}, {"start": "00:22:21", "end": "00:22:25", "text": ">> All right. Um, let's talk about uh"}, {"start": "00:22:24", "end": "00:22:26", "text": "international equities in general. You"}, {"start": "00:22:25", "end": "00:22:28", "text": "guys have been, I think, very big"}, {"start": "00:22:26", "end": "00:22:30", "text": "proponents of this early in the VAC"}, {"start": "00:22:28", "end": "00:22:32", "text": "days. that that was a big focus, but I"}, {"start": "00:22:30", "end": "00:22:33", "text": "know that you're uh pretty excited about"}, {"start": "00:22:32", "end": "00:22:35", "text": "India and some of the stuff that's going"}, {"start": "00:22:33", "end": "00:22:37", "text": "on there. Talk us through what uh what"}, {"start": "00:22:35", "end": "00:22:39", "text": "you're seeing. Yeah, I mean nothing"}, {"start": "00:22:37", "end": "00:22:40", "text": "nothing really new, but I so take if you"}, {"start": "00:22:39", "end": "00:22:44", "text": "take my 10-year kind of investment"}, {"start": "00:22:40", "end": "00:22:45", "text": "philosophy and tw you know in 2036"}, {"start": "00:22:44", "end": "00:22:47", "text": "looking back what's going to be one of"}, {"start": "00:22:45", "end": "00:22:49", "text": "the obvious things that's happening"}, {"start": "00:22:47", "end": "00:22:51", "text": "today you know don't just focus on"}, {"start": "00:22:49", "end": "00:22:53", "text": "what's happening in the head in the"}, {"start": "00:22:51", "end": "00:22:57", "text": "headlines in the newspapers but a very"}, {"start": "00:22:53", "end": "00:22:59", "text": "powerful trend and you know looking back"}, {"start": "00:22:57", "end": "00:23:02", "text": "see if you look back at capitalism like"}, {"start": "00:22:59", "end": "00:23:05", "text": "400 years like you want to invest in the"}, {"start": "00:23:02", "end": "00:23:07", "text": "countries that are just pro business"}, {"start": "00:23:05", "end": "00:23:10", "text": "right that the government has a clear"}, {"start": "00:23:07", "end": "00:23:13", "text": "set of rules and stays out of the way."}, {"start": "00:23:10", "end": "00:23:16", "text": "India has really implemented a very"}, {"start": "00:23:13", "end": "00:23:18", "text": "strong set of pro business um you know"}, {"start": "00:23:16", "end": "00:23:21", "text": "kind of enablers over the last 5 years"}, {"start": "00:23:18", "end": "00:23:24", "text": "under Modi. One important thing as well"}, {"start": "00:23:21", "end": "00:23:27", "text": "is a technological basis, right? So"}, {"start": "00:23:24", "end": "00:23:29", "text": "effectively the cost of cell phones in"}, {"start": "00:23:27", "end": "00:23:31", "text": "India went down to you know something"}, {"start": "00:23:29", "end": "00:23:34", "text": "that 900 million Indians can afford and"}, {"start": "00:23:31", "end": "00:23:36", "text": "now they have digital IDs and can move"}, {"start": "00:23:34", "end": "00:23:38", "text": "all kinds of like paperwork and and and"}, {"start": "00:23:36", "end": "00:23:42", "text": "taxes and everything. It's more"}, {"start": "00:23:38", "end": "00:23:43", "text": "transparent but it's it's it's that is a"}, {"start": "00:23:42", "end": "00:23:45", "text": "very important part. And then they've"}, {"start": "00:23:43", "end": "00:23:47", "text": "restructured labor laws, you know,"}, {"start": "00:23:45", "end": "00:23:50", "text": "bankruptcy laws, everything to make it"}, {"start": "00:23:47", "end": "00:23:51", "text": "easier, taxes between provinces to make"}, {"start": "00:23:50", "end": "00:23:53", "text": "it easier to do business in India."}, {"start": "00:23:51", "end": "00:23:55", "text": "Anyway, the result is you have the"}, {"start": "00:23:53", "end": "00:23:57", "text": "highest GDP growth and it's supposed to"}, {"start": "00:23:55", "end": "00:23:59", "text": "be as big as continental Europe in 10"}, {"start": "00:23:57", "end": "00:24:01", "text": "years. Of course, I started talking"}, {"start": "00:23:59", "end": "00:24:03", "text": "about this a year and a half ago and"}, {"start": "00:24:01", "end": "00:24:05", "text": "India has underperformed I think every"}, {"start": "00:24:03", "end": "00:24:08", "text": "market. But I don't care. I'm just"}, {"start": "00:24:05", "end": "00:24:10", "text": "saying in 10 years, do you want 1% of"}, {"start": "00:24:08", "end": "00:24:13", "text": "your portfolio in India or do you want"}, {"start": "00:24:10", "end": "00:24:15", "text": "5% or something? you know given I think"}, {"start": "00:24:13", "end": "00:24:18", "text": "what I just said is a very high"}, {"start": "00:24:15", "end": "00:24:19", "text": "conviction in in my mind now there's a"}, {"start": "00:24:18", "end": "00:24:22", "text": "lot of negatives about the Indian market"}, {"start": "00:24:19", "end": "00:24:24", "text": "or the large cap companies they're being"}, {"start": "00:24:22", "end": "00:24:26", "text": "attacked by AI you know just like the"}, {"start": "00:24:24", "end": "00:24:29", "text": "consulting firms here like the emphasis"}, {"start": "00:24:26", "end": "00:24:31", "text": "so I mean we could spend an hour talking"}, {"start": "00:24:29", "end": "00:24:33", "text": "about the pros and cons of India but"}, {"start": "00:24:31", "end": "00:24:34", "text": "that's kind of my my general thesis"}, {"start": "00:24:33", "end": "00:24:36", "text": "there"}, {"start": "00:24:34", "end": "00:24:38", "text": ">> what do you do so you do the work you"}, {"start": "00:24:36", "end": "00:24:40", "text": "come up with this thesis that hey India"}, {"start": "00:24:38", "end": "00:24:43", "text": "is going to be a growth sector or a"}, {"start": "00:24:40", "end": "00:24:45", "text": "growth um uh geography I want to go and"}, {"start": "00:24:43", "end": "00:24:47", "text": "get uh both myself and also our clients"}, {"start": "00:24:45", "end": "00:24:50", "text": "access to the Indian market, right? You"}, {"start": "00:24:47", "end": "00:24:51", "text": "guys create some products there. Um it"}, {"start": "00:24:50", "end": "00:24:52", "text": "doesn't perform for the first year and a"}, {"start": "00:24:51", "end": "00:24:52", "text": "half."}, {"start": "00:24:52", "end": "00:24:54", "text": ">> Yeah."}, {"start": "00:24:52", "end": "00:24:56", "text": ">> Do you get more excited? Do you start to"}, {"start": "00:24:54", "end": "00:24:58", "text": "question the thesis? Do you go and redo"}, {"start": "00:24:56", "end": "00:25:00", "text": "the work? Like like just walk us through"}, {"start": "00:24:58", "end": "00:25:02", "text": "just using this as one example. There's"}, {"start": "00:25:00", "end": "00:25:04", "text": "I don't know over the years you've been"}, {"start": "00:25:02", "end": "00:25:05", "text": "running Van I don't know how many thesis"}, {"start": "00:25:04", "end": "00:25:06", "text": "you've had, right? Some of them will"}, {"start": "00:25:05", "end": "00:25:06", "text": "work, some of them won't."}, {"start": "00:25:06", "end": "00:25:08", "text": ">> Yeah."}, {"start": "00:25:06", "end": "00:25:10", "text": ">> At what point do you say to yourself,"}, {"start": "00:25:08", "end": "00:25:12", "text": "\"Hey, maybe I got it wrong.\" Versus,"}, {"start": "00:25:10", "end": "00:25:14", "text": "\"No, I'm right.\" and it's just early and"}, {"start": "00:25:12", "end": "00:25:16", "text": "so that patience that long-term thinking"}, {"start": "00:25:14", "end": "00:25:18", "text": "is really what will pay off here."}, {"start": "00:25:16", "end": "00:25:20", "text": ">> That's a great question. So I started"}, {"start": "00:25:18", "end": "00:25:21", "text": "doing these like quarterly outlooks and"}, {"start": "00:25:20", "end": "00:25:24", "text": "they're on the internet so you can tell"}, {"start": "00:25:21", "end": "00:25:26", "text": "you can look at my track record and I"}, {"start": "00:25:24", "end": "00:25:28", "text": "wanted to start keeping score and one of"}, {"start": "00:25:26", "end": "00:25:30", "text": "the most important things I realized is"}, {"start": "00:25:28", "end": "00:25:33", "text": "to be clear about the time frame of what"}, {"start": "00:25:30", "end": "00:25:36", "text": "you're talking about. So as well if I"}, {"start": "00:25:33", "end": "00:25:38", "text": "say India usually I'm saying 10 years"}, {"start": "00:25:36", "end": "00:25:40", "text": "right but sometimes like like the"}, {"start": "00:25:38", "end": "00:25:41", "text": "opportunities in BDC's I think that's"}, {"start": "00:25:40", "end": "00:25:44", "text": "short term. So I think that's this"}, {"start": "00:25:41", "end": "00:25:46", "text": "quarter. Like I'm a strong buyer of"}, {"start": "00:25:44", "end": "00:25:48", "text": "BDC's Blue Alowl this quarter. I'm a"}, {"start": "00:25:46", "end": "00:25:51", "text": "buyer of Bitcoin this quarter. I was a"}, {"start": "00:25:48", "end": "00:25:54", "text": "seller in January. So that's shortterm."}, {"start": "00:25:51", "end": "00:25:57", "text": "Um to answer your question, we run"}, {"start": "00:25:54", "end": "00:26:01", "text": "client portfolios and been doing it for"}, {"start": "00:25:57", "end": "00:26:04", "text": "about five years now. And uh the models,"}, {"start": "00:26:01", "end": "00:26:07", "text": "the quant screens will slap me down if"}, {"start": "00:26:04", "end": "00:26:09", "text": "I'm wrong, if I have a 10-year view and"}, {"start": "00:26:07", "end": "00:26:11", "text": "I'm wrong. Right. And and I think over"}, {"start": "00:26:09", "end": "00:26:13", "text": "that time period, I've gotten better at"}, {"start": "00:26:11", "end": "00:26:14", "text": "at least communicating what I have in"}, {"start": "00:26:13", "end": "00:26:17", "text": "mind."}, {"start": "00:26:14", "end": "00:26:19", "text": ">> 10 years for me as a personal investor,"}, {"start": "00:26:17", "end": "00:26:21", "text": "which I think a lot of people have some"}, {"start": "00:26:19", "end": "00:26:23", "text": "of their portfolio they run themselves."}, {"start": "00:26:21", "end": "00:26:27", "text": "Who cares? Who cares if India"}, {"start": "00:26:23", "end": "00:26:29", "text": "underperforms by 5% in a quarter against"}, {"start": "00:26:27", "end": "00:26:30", "text": "China? Like, you know, if you're if"}, {"start": "00:26:29", "end": "00:26:32", "text": "you're right over the 10-year period,"}, {"start": "00:26:30", "end": "00:26:35", "text": "that's like worrying about Nvidia, you"}, {"start": "00:26:32", "end": "00:26:37", "text": "know, when it had a its 80% draw down."}, {"start": "00:26:35", "end": "00:26:40", "text": "You just buy more if you're in convicted"}, {"start": "00:26:37", "end": "00:26:42", "text": "in the trade. So uh but but that you're"}, {"start": "00:26:40", "end": "00:26:44", "text": "right our clients do care more about"}, {"start": "00:26:42", "end": "00:26:46", "text": "monthly and quarterly performance and we"}, {"start": "00:26:44", "end": "00:26:50", "text": "our risk screens will uh will affect"}, {"start": "00:26:46", "end": "00:26:53", "text": "that and and we don't really even try to"}, {"start": "00:26:50", "end": "00:26:54", "text": "go after like the quarterly um things in"}, {"start": "00:26:53", "end": "00:26:57", "text": "most of our models. They're longer term"}, {"start": "00:26:54", "end": "00:27:00", "text": "than that. So it's more the medium and"}, {"start": "00:26:57", "end": "00:27:01", "text": "longer term but under you know quant uh"}, {"start": "00:27:00", "end": "00:27:02", "text": "controls."}, {"start": "00:27:01", "end": "00:27:04", "text": ">> Hello everyone. Sorry to interrupt this"}, {"start": "00:27:02", "end": "00:27:06", "text": "conversation but I wanted to tell you"}, {"start": "00:27:04", "end": "00:27:08", "text": "about CFO Sylvia. This is an AI product"}, {"start": "00:27:06", "end": "00:27:10", "text": "that we built to help you better manage"}, {"start": "00:27:08", "end": "00:27:11", "text": "your finances. I had a problem. I wanted"}, {"start": "00:27:10", "end": "00:27:13", "text": "to use the latest artificial"}, {"start": "00:27:11", "end": "00:27:15", "text": "intelligence technology, but it didn't"}, {"start": "00:27:13", "end": "00:27:17", "text": "have the context of my personal"}, {"start": "00:27:15", "end": "00:27:19", "text": "portfolio. That's why we built Sylvia."}, {"start": "00:27:17", "end": "00:27:20", "text": "Today, you come in, you can attach your"}, {"start": "00:27:19", "end": "00:27:22", "text": "accounts, you can start to ask Sylvia"}, {"start": "00:27:20", "end": "00:27:24", "text": "questions, and the more you use Sylvia,"}, {"start": "00:27:22", "end": "00:27:26", "text": "the data suggest, the faster you will"}, {"start": "00:27:24", "end": "00:27:28", "text": "grow your net worth. CFO Sylvia is the"}, {"start": "00:27:26", "end": "00:27:30", "text": "most powerful personal finance product"}, {"start": "00:27:28", "end": "00:27:31", "text": "that I've ever used. And our team is"}, {"start": "00:27:30", "end": "00:27:33", "text": "hard at work making it better every"}, {"start": "00:27:31", "end": "00:27:35", "text": "single day. Go check it out today at"}, {"start": "00:27:33", "end": "00:27:37", "text": "cfosylvvia.com."}, {"start": "00:27:35", "end": "00:27:39", "text": "Again, that's cfosilia.com."}, {"start": "00:27:37", "end": "00:27:41", "text": "And if you start using this product and"}, {"start": "00:27:39", "end": "00:27:43", "text": "you let me know how we can improve it,"}, {"start": "00:27:41", "end": "00:27:44", "text": "we'll make the changes right away."}, {"start": "00:27:43", "end": "00:27:46", "text": "Today's episode is brought to you by"}, {"start": "00:27:44", "end": "00:27:48", "text": "Uphold. Are you someone who's tired of"}, {"start": "00:27:46", "end": "00:27:50", "text": "juggling multiple apps just to trade,"}, {"start": "00:27:48", "end": "00:27:52", "text": "earn, stake, or spend your crypto? Then"}, {"start": "00:27:50", "end": "00:27:55", "text": "listen up, because Uphold does all of"}, {"start": "00:27:52", "end": "00:27:57", "text": "that in one single unified platform. You"}, {"start": "00:27:55", "end": "00:27:59", "text": "can access 300 plus crypto and fiat"}, {"start": "00:27:57", "end": "00:28:01", "text": "currencies with an interface that works"}, {"start": "00:27:59", "end": "00:28:03", "text": "for you, whether you're a beginner or an"}, {"start": "00:28:01", "end": "00:28:06", "text": "expert. Uphold also features any to any"}, {"start": "00:28:03", "end": "00:28:08", "text": "swaps where you can swap crypto to fiat,"}, {"start": "00:28:06", "end": "00:28:10", "text": "fiat to metals, and tokens to tokens"}, {"start": "00:28:08", "end": "00:28:12", "text": "directly in the app. If you prefer"}, {"start": "00:28:10", "end": "00:28:14", "text": "self-custody, Uphold's vault gives you"}, {"start": "00:28:12", "end": "00:28:17", "text": "multi-stick security, key recovery,"}, {"start": "00:28:14", "end": "00:28:19", "text": "direct trading access, and peace of mind"}, {"start": "00:28:17", "end": "00:28:21", "text": "without giving up convenience. Uphold is"}, {"start": "00:28:19", "end": "00:28:23", "text": "also 100% reserved, meaning no"}, {"start": "00:28:21", "end": "00:28:25", "text": "fractional practices, and proof of"}, {"start": "00:28:23", "end": "00:28:27", "text": "reserves are updated every 30 seconds,"}, {"start": "00:28:25", "end": "00:28:30", "text": "so you can verify your assets anytime."}, {"start": "00:28:27", "end": "00:28:32", "text": "For US users, you can even earn yield on"}, {"start": "00:28:30", "end": "00:28:34", "text": "dollars with the USD interest account."}, {"start": "00:28:32", "end": "00:28:36", "text": "No fees, no minimums, and funds are"}, {"start": "00:28:34", "end": "00:28:39", "text": "insured up to $2.5 million through the"}, {"start": "00:28:36", "end": "00:28:41", "text": "Atomic Cash Suite program. If you want"}, {"start": "00:28:39", "end": "00:28:44", "text": "one app for your entire digital asset"}, {"start": "00:28:41", "end": "00:28:48", "text": "life, check out Uphold today. Go to"}, {"start": "00:28:44", "end": "00:28:50", "text": "uphold.com to learn more. Uphold.com. Go"}, {"start": "00:28:48", "end": "00:28:51", "text": "check them out today. Now, if you zoom"}, {"start": "00:28:50", "end": "00:28:54", "text": "out, one of the things I find"}, {"start": "00:28:51", "end": "00:28:56", "text": "interesting about investing right now is"}, {"start": "00:28:54", "end": "00:28:58", "text": "there's almost different stories or"}, {"start": "00:28:56", "end": "00:29:00", "text": "different narratives depending on which"}, {"start": "00:28:58", "end": "00:29:02", "text": "data points you want to look at. So, on"}, {"start": "00:29:00", "end": "00:29:04", "text": "a macro basis, if we go back to December"}, {"start": "00:29:02", "end": "00:29:05", "text": "of last year, I think that many people"}, {"start": "00:29:04", "end": "00:29:07", "text": "would have argued that we were entering"}, {"start": "00:29:05", "end": "00:29:11", "text": "into a lowinflation, high growth"}, {"start": "00:29:07", "end": "00:29:12", "text": "economy. And people were very bullish."}, {"start": "00:29:11", "end": "00:29:14", "text": "And I think that they were saying, look,"}, {"start": "00:29:12", "end": "00:29:17", "text": "we're going into a midterm year. we have"}, {"start": "00:29:14", "end": "00:29:19", "text": "a president sitting in Washington DC who"}, {"start": "00:29:17", "end": "00:29:21", "text": "is going to juice the stock market and"}, {"start": "00:29:19", "end": "00:29:22", "text": "everyone was you know kind of uh uh"}, {"start": "00:29:21", "end": "00:29:24", "text": "really going risk on from that"}, {"start": "00:29:22", "end": "00:29:27", "text": "perspective. At the same time we then"}, {"start": "00:29:24", "end": "00:29:29", "text": "get into the war with Iran oil prices"}, {"start": "00:29:27", "end": "00:29:30", "text": "spike energy goes up right inflationary"}, {"start": "00:29:29", "end": "00:29:32", "text": "pressure start to come. CPI starts to"}, {"start": "00:29:30", "end": "00:29:34", "text": "creep back up after it had been falling."}, {"start": "00:29:32", "end": "00:29:37", "text": "And so then people say well hold on a"}, {"start": "00:29:34", "end": "00:29:38", "text": "second here. If we're getting inflation"}, {"start": "00:29:37", "end": "00:29:39", "text": "then we should be getting higher"}, {"start": "00:29:38", "end": "00:29:40", "text": "interest rates. If higher interest rates"}, {"start": "00:29:39", "end": "00:29:42", "text": "are coming then maybe this is going to"}, {"start": "00:29:40", "end": "00:29:44", "text": "be a headwind for stocks. And then you"}, {"start": "00:29:42", "end": "00:29:45", "text": "go and you look at the private market"}, {"start": "00:29:44", "end": "00:29:47", "text": "and you see that there are, you know, at"}, {"start": "00:29:45", "end": "00:29:49", "text": "least three, if not more trillion"}, {"start": "00:29:47", "end": "00:29:50", "text": "dollars or larger companies that are"}, {"start": "00:29:49", "end": "00:29:52", "text": "supposed to be coming to market in the"}, {"start": "00:29:50", "end": "00:29:53", "text": "next 12 months or so. And so people"}, {"start": "00:29:52", "end": "00:29:55", "text": "start getting worried about supply"}, {"start": "00:29:53", "end": "00:29:57", "text": "coming in. Then you go and you look at"}, {"start": "00:29:55", "end": "00:29:59", "text": "the economic data which maybe is telling"}, {"start": "00:29:57", "end": "00:30:02", "text": "a a somewhat rosy picture, but then you"}, {"start": "00:29:59", "end": "00:30:04", "text": "hear people and they're like, I am"}, {"start": "00:30:02", "end": "00:30:07", "text": "underwater. This sucks, right? I gas is"}, {"start": "00:30:04", "end": "00:30:10", "text": "too high, groceries are too high, etc."}, {"start": "00:30:07", "end": "00:30:12", "text": ">> My point is depending on where you look,"}, {"start": "00:30:10", "end": "00:30:15", "text": "there's a different story. So, it's very"}, {"start": "00:30:12", "end": "00:30:17", "text": "complex and it's very dynamic because I"}, {"start": "00:30:15", "end": "00:30:19", "text": "don't know 100 days ago versus now the"}, {"start": "00:30:17", "end": "00:30:21", "text": "story looks very different."}, {"start": "00:30:19", "end": "00:30:22", "text": ">> How do you navigate that as an investor"}, {"start": "00:30:21", "end": "00:30:25", "text": "like like what what you've been doing"}, {"start": "00:30:22", "end": "00:30:26", "text": "this a long time like what do you do to"}, {"start": "00:30:25", "end": "00:30:29", "text": "make sure that you capitalize on"}, {"start": "00:30:26", "end": "00:30:31", "text": "opportunities but also not panic sell by"}, {"start": "00:30:29", "end": "00:30:35", "text": "you know and kind of uh have unforced"}, {"start": "00:30:31", "end": "00:30:37", "text": "errors. Uh well, you identified the big"}, {"start": "00:30:35", "end": "00:30:39", "text": "questions I ask myself when I think"}, {"start": "00:30:37", "end": "00:30:41", "text": "about the 10-year trends, right? What is"}, {"start": "00:30:39", "end": "00:30:44", "text": "macro? What is fiscal policy, government"}, {"start": "00:30:41", "end": "00:30:45", "text": "spending? What is monetary policy?"}, {"start": "00:30:44", "end": "00:30:47", "text": "What's the Fed going to do? What are"}, {"start": "00:30:45", "end": "00:30:49", "text": "interest rates going to do? Uh my thesis"}, {"start": "00:30:47", "end": "00:30:51", "text": "coming into this year is we are not"}, {"start": "00:30:49", "end": "00:30:54", "text": "going to learn anything. We're in a"}, {"start": "00:30:51", "end": "00:30:56", "text": "stable environment in 2026. And"}, {"start": "00:30:54", "end": "00:30:59", "text": "literally, we could just go to sleep and"}, {"start": "00:30:56", "end": "00:31:01", "text": "wake up on January 1st, 2027. Nothing"}, {"start": "00:30:59", "end": "00:31:03", "text": "will have happened on fiscal or"}, {"start": "00:31:01", "end": "00:31:06", "text": "monetary. And I'm sticking with that,"}, {"start": "00:31:03", "end": "00:31:08", "text": ">> right? That generally speaking, the the"}, {"start": "00:31:06", "end": "00:31:10", "text": "tax bill went through last year and even"}, {"start": "00:31:08", "end": "00:31:11", "text": "if the Democrats win the midterm,"}, {"start": "00:31:10", "end": "00:31:12", "text": "they're not going to be able to change"}, {"start": "00:31:11", "end": "00:31:14", "text": "much on that, right? Because the"}, {"start": "00:31:12", "end": "00:31:17", "text": "president will just veto it. So fiscal"}, {"start": "00:31:14", "end": "00:31:19", "text": "is kind of set. Worsh like Bessant did,"}, {"start": "00:31:17", "end": "00:31:24", "text": "I think, a fabulous job at kind of"}, {"start": "00:31:19", "end": "00:31:26", "text": "articulating a less activist Fed stance"}, {"start": "00:31:24", "end": "00:31:28", "text": "and they they they stuck the landing. I"}, {"start": "00:31:26", "end": "00:31:30", "text": "mean like that's what what I call it"}, {"start": "00:31:28", "end": "00:31:32", "text": "like wars getting in there you know"}, {"start": "00:31:30", "end": "00:31:33", "text": "everyone was worried about all this kind"}, {"start": "00:31:32", "end": "00:31:36", "text": "of stuff and what does Trump do the day"}, {"start": "00:31:33", "end": "00:31:39", "text": "he's you know he's he's put in office he"}, {"start": "00:31:36", "end": "00:31:41", "text": "says go do what you want remember how"}, {"start": "00:31:39", "end": "00:31:43", "text": "much time we wasted talking about anyway"}, {"start": "00:31:41", "end": "00:31:46", "text": "sorry so there was visibility on"}, {"start": "00:31:43", "end": "00:31:48", "text": "monetary policy I I don't think this I I"}, {"start": "00:31:46", "end": "00:31:51", "text": "just fundamentally look at this Iran"}, {"start": "00:31:48", "end": "00:31:54", "text": "conflict as temporary"}, {"start": "00:31:51", "end": "00:31:56", "text": ">> I just I I mean yes it'll be bad for"}, {"start": "00:31:54", "end": "00:31:58", "text": "government spending"}, {"start": "00:31:56", "end": "00:31:59", "text": "inflation up. I I don't think the Fed's"}, {"start": "00:31:58", "end": "00:32:01", "text": "going to react to that. Like I think"}, {"start": "00:31:59", "end": "00:32:03", "text": "that's their whole point is that the Fed"}, {"start": "00:32:01", "end": "00:32:06", "text": "doesn't like Do you think the central"}, {"start": "00:32:03", "end": "00:32:08", "text": "bank can affect gas prices? Like not not"}, {"start": "00:32:06", "end": "00:32:09", "text": "one person in a hundred in America"}, {"start": "00:32:08", "end": "00:32:11", "text": "thinks that."}, {"start": "00:32:09", "end": "00:32:12", "text": ">> Well, you know, except for the a couple"}, {"start": "00:32:11", "end": "00:32:15", "text": "of people on CNBC."}, {"start": "00:32:12", "end": "00:32:17", "text": ">> But here's here's what's crazy to me is"}, {"start": "00:32:15", "end": "00:32:19", "text": "the Fed, I think they're smart enough to"}, {"start": "00:32:17", "end": "00:32:20", "text": "know that they can't. But what I"}, {"start": "00:32:19", "end": "00:32:22", "text": "actually think is a little"}, {"start": "00:32:20", "end": "00:32:24", "text": "nerve-wracking is that I do think there"}, {"start": "00:32:22", "end": "00:32:27", "text": "are some politicians that think they can"}, {"start": "00:32:24", "end": "00:32:29", "text": "affect gas prices. And so if you go down"}, {"start": "00:32:27", "end": "00:32:32", "text": "to, you know, uh, take New York City. We"}, {"start": "00:32:29", "end": "00:32:34", "text": "both live in New York and World Cup"}, {"start": "00:32:32", "end": "00:32:35", "text": "tickets are expensive. The new mayor's"}, {"start": "00:32:34", "end": "00:32:36", "text": "like, \"Well, I'm going to go and I'm"}, {"start": "00:32:35", "end": "00:32:38", "text": "going to figure out how to get $50 World"}, {"start": "00:32:36", "end": "00:32:40", "text": "Cup tickets.\" And when you realize what"}, {"start": "00:32:38", "end": "00:32:42", "text": "they did, you're like, I mean, this is"}, {"start": "00:32:40", "end": "00:32:44", "text": "crazy town, right? By the way, the"}, {"start": "00:32:42", "end": "00:32:45", "text": "people who get the $50 World Cup tickets"}, {"start": "00:32:44", "end": "00:32:47", "text": "are ecstatic. They're they're incredibly"}, {"start": "00:32:45", "end": "00:32:48", "text": "happy. But it's just not a sustainable"}, {"start": "00:32:47", "end": "00:32:51", "text": "thing that you can go and you can do,"}, {"start": "00:32:48", "end": "00:32:53", "text": "right? And so if all of a sudden the"}, {"start": "00:32:51", "end": "00:32:54", "text": "mayor of New York or a couple other"}, {"start": "00:32:53", "end": "00:32:56", "text": "politicians around the country, if you"}, {"start": "00:32:54", "end": "00:32:58", "text": "said to them, \"Hey, we're going to give"}, {"start": "00:32:56", "end": "00:32:58", "text": "you any tool you want, get gas prices"}, {"start": "00:32:58", "end": "00:33:01", "text": "down,\""}, {"start": "00:32:58", "end": "00:33:03", "text": ">> they would come up with insane ideas on"}, {"start": "00:33:01", "end": "00:33:05", "text": "how to do that. So in a weird way, like"}, {"start": "00:33:03", "end": "00:33:06", "text": "I actually believe, and I'm not exactly"}, {"start": "00:33:05", "end": "00:33:08", "text": "the biggest fan of the Fed usually,"}, {"start": "00:33:06", "end": "00:33:09", "text": "right? But I do believe that they are"}, {"start": "00:33:08", "end": "00:33:11", "text": "intelligent and they understand kind of"}, {"start": "00:33:09", "end": "00:33:15", "text": "what levers they can pull and can't"}, {"start": "00:33:11", "end": "00:33:18", "text": "pull. It's the politicians that seem to"}, {"start": "00:33:15", "end": "00:33:19", "text": "not be that smart and say like, \"Oh, I"}, {"start": "00:33:18", "end": "00:33:20", "text": "just need to claim victory in the"}, {"start": "00:33:19", "end": "00:33:21", "text": "headlines.\""}, {"start": "00:33:20", "end": "00:33:22", "text": ">> Well, Trump waved the gas tax, right?"}, {"start": "00:33:21", "end": "00:33:25", "text": "That's three and a half billion dollars"}, {"start": "00:33:22", "end": "00:33:26", "text": "a month. That's more government spending"}, {"start": "00:33:25", "end": "00:33:30", "text": "to your point."}, {"start": "00:33:26", "end": "00:33:34", "text": ">> But I mean, big picture, uh, if you just"}, {"start": "00:33:30", "end": "00:33:35", "text": "focus on on these macro trends, uh, I"}, {"start": "00:33:34", "end": "00:33:37", "text": "think it's I think it's easier and I"}, {"start": "00:33:35", "end": "00:33:39", "text": "think it's more transparent this year"}, {"start": "00:33:37", "end": "00:33:41", "text": "that there's no big monetary shocks, no"}, {"start": "00:33:39", "end": "00:33:42", "text": "big government spending shocks. And I"}, {"start": "00:33:41", "end": "00:33:45", "text": "think probably it'll extend into next"}, {"start": "00:33:42", "end": "00:33:47", "text": "year as well. Sure, it does mean, you"}, {"start": "00:33:45", "end": "00:33:48", "text": "know, short-term rates aren't going to"}, {"start": "00:33:47", "end": "00:33:50", "text": "fall a lot because I never really"}, {"start": "00:33:48", "end": "00:33:52", "text": "thought that was going to happen anyway."}, {"start": "00:33:50", "end": "00:33:54", "text": "They could even rise a little bit. Who"}, {"start": "00:33:52", "end": "00:33:56", "text": "who like does that really change the"}, {"start": "00:33:54", "end": "00:33:59", "text": "world? I don't really think so. Um, you"}, {"start": "00:33:56", "end": "00:34:01", "text": "know, my biggest concern by far is"}, {"start": "00:33:59", "end": "00:34:03", "text": "government spending to your point. Don't"}, {"start": "00:34:01", "end": "00:34:06", "text": "trust politicians."}, {"start": "00:34:03", "end": "00:34:08", "text": ">> But, you know, people don't when will"}, {"start": "00:34:06", "end": "00:34:10", "text": "that get priced into markets? Anthony, I"}, {"start": "00:34:08", "end": "00:34:13", "text": "do all these client meetings and surveys"}, {"start": "00:34:10", "end": "00:34:15", "text": "and I'm saying I ask, do you think the"}, {"start": "00:34:13", "end": "00:34:17", "text": "government will meet its obligations in"}, {"start": "00:34:15", "end": "00:34:18", "text": "the next 10 years? Will it default?"}, {"start": "00:34:17", "end": "00:34:22", "text": ">> What do you think?"}, {"start": "00:34:18", "end": "00:34:25", "text": ">> They all 80 90% absolutely. And then I'm"}, {"start": "00:34:22", "end": "00:34:27", "text": "say, okay, social security,"}, {"start": "00:34:25", "end": "00:34:30", "text": "unless they change the tax regime, will"}, {"start": "00:34:27", "end": "00:34:34", "text": "not have enough money to in in 2033 or"}, {"start": "00:34:30", "end": "00:34:35", "text": "2034, right? So that's within my tenure."}, {"start": "00:34:34", "end": "00:34:37", "text": "Do you think the government's going to"}, {"start": "00:34:35", "end": "00:34:40", "text": "somehow fix that problem? No one thinks"}, {"start": "00:34:37", "end": "00:34:41", "text": "they're going to fix the problem,"}, {"start": "00:34:40", "end": "00:34:43", "text": "but they don't, you know, they don't"}, {"start": "00:34:41", "end": "00:34:45", "text": "believe even afterwards they still say"}, {"start": "00:34:43", "end": "00:34:47", "text": "the government's going to meet all its"}, {"start": "00:34:45", "end": "00:34:49", "text": "obligations. I'm like, that is"}, {"start": "00:34:47", "end": "00:34:50", "text": "dissonance. Like in your mind, you're"}, {"start": "00:34:49", "end": "00:34:53", "text": "saying something, but it's not you're"}, {"start": "00:34:50", "end": "00:34:56", "text": "not conscious of that."}, {"start": "00:34:53", "end": "00:34:58", "text": ">> And so I I it's all about the timing. I"}, {"start": "00:34:56", "end": "00:35:01", "text": "I I absolutely think it's going to be a"}, {"start": "00:34:58", "end": "00:35:03", "text": "problem. Every financial crisis in US"}, {"start": "00:35:01", "end": "00:35:05", "text": "history has always come out of the"}, {"start": "00:35:03", "end": "00:35:08", "text": "banking system because banks are"}, {"start": "00:35:05", "end": "00:35:10", "text": "unstable, right? government has always"}, {"start": "00:35:08", "end": "00:35:12", "text": "marched up and say, you know, bailed"}, {"start": "00:35:10", "end": "00:35:13", "text": "out, let's call it an industry or Wall"}, {"start": "00:35:12", "end": "00:35:16", "text": "Street."}, {"start": "00:35:13", "end": "00:35:18", "text": ">> Who's going to bail out the Fed?"}, {"start": "00:35:16", "end": "00:35:20", "text": ">> When our 10-year rates go up to, you"}, {"start": "00:35:18", "end": "00:35:22", "text": "know, if if and when that happens, who's"}, {"start": "00:35:20", "end": "00:35:24", "text": "like it's it'll be a new thing for"}, {"start": "00:35:22", "end": "00:35:25", "text": "everybody. And I don't know about our"}, {"start": "00:35:24", "end": "00:35:26", "text": "portfolios."}, {"start": "00:35:25", "end": "00:35:27", "text": ">> Do you think that"}, {"start": "00:35:26", "end": "00:35:28", "text": ">> when I don't know,"}, {"start": "00:35:27", "end": "00:35:30", "text": ">> do you think that the government's going"}, {"start": "00:35:28", "end": "00:35:31", "text": "to default in the next 10 years?"}, {"start": "00:35:30", "end": "00:35:33", "text": ">> They're not going to pay their social"}, {"start": "00:35:31", "end": "00:35:35", "text": "security. I want to write an op-ed"}, {"start": "00:35:33", "end": "00:35:36", "text": "saying, \"I'm sorry.\""}, {"start": "00:35:35", "end": "00:35:38", "text": ">> Mhm. you're not going to get your money."}, {"start": "00:35:36", "end": "00:35:39", "text": "You're only going to get 80 cents on the"}, {"start": "00:35:38", "end": "00:35:40", "text": "dollar. And I'm sorry for the people"}, {"start": "00:35:39", "end": "00:35:42", "text": "that really need it."}, {"start": "00:35:40", "end": "00:35:44", "text": ">> And then they're going to whack up, you"}, {"start": "00:35:42", "end": "00:35:47", "text": "know, the rest of society to try to make"}, {"start": "00:35:44", "end": "00:35:49", "text": "for a shortfall. But the, you know, uh,"}, {"start": "00:35:47", "end": "00:35:50", "text": "Freeberg, David Freeberg on the All Pod"}, {"start": "00:35:49", "end": "00:35:52", "text": "talks about this a lot. The states have"}, {"start": "00:35:50", "end": "00:35:54", "text": "a lot of obligations that they can't"}, {"start": "00:35:52", "end": "00:35:56", "text": "meet. I mean, if New York and California"}, {"start": "00:35:54", "end": "00:35:59", "text": "continue to drive business out of their"}, {"start": "00:35:56", "end": "00:36:01", "text": "states, their pension obligations are"}, {"start": "00:35:59", "end": "00:36:02", "text": "going to eat the economy alive."}, {"start": "00:36:01", "end": "00:36:04", "text": ">> So, they're not going to meet those"}, {"start": "00:36:02", "end": "00:36:06", "text": "obligations either. I I call that a"}, {"start": "00:36:04", "end": "00:36:08", "text": "default. I mean, it's they will probably"}, {"start": "00:36:06", "end": "00:36:10", "text": "pay the interest in principle on their"}, {"start": "00:36:08", "end": "00:36:11", "text": "debt because otherwise they couldn't"}, {"start": "00:36:10", "end": "00:36:12", "text": "access the financial markets, but"}, {"start": "00:36:11", "end": "00:36:14", "text": "they're going to stop paying people what"}, {"start": "00:36:12", "end": "00:36:16", "text": "they owe and then what are the courts"}, {"start": "00:36:14", "end": "00:36:17", "text": "going to do? Force them."}, {"start": "00:36:16", "end": "00:36:18", "text": ">> I've always wondered, should they just"}, {"start": "00:36:17", "end": "00:36:20", "text": ">> Sorry for that rant."}, {"start": "00:36:18", "end": "00:36:23", "text": ">> No, no, but I I always wonder, should"}, {"start": "00:36:20", "end": "00:36:25", "text": "they stop promising things to young"}, {"start": "00:36:23", "end": "00:36:27", "text": "people? Right. So, like what what always"}, {"start": "00:36:25", "end": "00:36:30", "text": "strikes me as a little crazy is, okay,"}, {"start": "00:36:27", "end": "00:36:32", "text": "so let's all objectively agree that"}, {"start": "00:36:30", "end": "00:36:34", "text": "there is a timeline as to when they're"}, {"start": "00:36:32", "end": "00:36:35", "text": "going to run out of money. Some people"}, {"start": "00:36:34", "end": "00:36:36", "text": "may think it's a little earlier, a"}, {"start": "00:36:35", "end": "00:36:39", "text": "little bit later, but like they're going"}, {"start": "00:36:36", "end": "00:36:41", "text": "to run out of the money. Why would you"}, {"start": "00:36:39", "end": "00:36:42", "text": "keep making promises today knowing"}, {"start": "00:36:41", "end": "00:36:44", "text": "you're not going to have the money right"}, {"start": "00:36:42", "end": "00:36:45", "text": "now? They may argue cuz we need those"}, {"start": "00:36:44", "end": "00:36:46", "text": "people to pay in, right? It's kind of"}, {"start": "00:36:45", "end": "00:36:48", "text": "like a Ponzi scheme. So, like we need"}, {"start": "00:36:46", "end": "00:36:50", "text": "someone to give us fresh money so we can"}, {"start": "00:36:48", "end": "00:36:53", "text": "go and we can use it to pay out our our"}, {"start": "00:36:50", "end": "00:36:54", "text": "obligations, but it does feel like uh"}, {"start": "00:36:53", "end": "00:36:56", "text": "politicians are really good to just like"}, {"start": "00:36:54", "end": "00:36:58", "text": "keep kicking the can down the road. And"}, {"start": "00:36:56", "end": "00:37:00", "text": "so, what I always go to is like, what"}, {"start": "00:36:58", "end": "00:37:02", "text": "does the quote unquote reset look like?"}, {"start": "00:37:00", "end": "00:37:04", "text": "Is it just, hey, you get 80 cents on the"}, {"start": "00:37:02", "end": "00:37:05", "text": "dollar? Again, those people would be"}, {"start": "00:37:04", "end": "00:37:07", "text": "very upset. I understand why. I would be"}, {"start": "00:37:05", "end": "00:37:09", "text": "very empathetic towards them and and and"}, {"start": "00:37:07", "end": "00:37:12", "text": "feel like they would have a great"}, {"start": "00:37:09", "end": "00:37:14", "text": "argument, but for people outside of that"}, {"start": "00:37:12", "end": "00:37:16", "text": "cohort, it would not be as destructive"}, {"start": "00:37:14", "end": "00:37:17", "text": "if that was the only thing that was"}, {"start": "00:37:16", "end": "00:37:18", "text": "happen. I don't think that's the only"}, {"start": "00:37:17", "end": "00:37:20", "text": "thing that's going to happen. They are"}, {"start": "00:37:18", "end": "00:37:21", "text": "going to have to debase the dollar."}, {"start": "00:37:20", "end": "00:37:23", "text": "They're going to have to do a bunch of"}, {"start": "00:37:21", "end": "00:37:24", "text": "these things all at once to be able to"}, {"start": "00:37:23", "end": "00:37:26", "text": "address this problem. And I think that's"}, {"start": "00:37:24", "end": "00:37:29", "text": "the part that people don't kind of see"}, {"start": "00:37:26", "end": "00:37:30", "text": "past is again this is like pretty"}, {"start": "00:37:29", "end": "00:37:32", "text": "complex stuff that they're going to have"}, {"start": "00:37:30", "end": "00:37:35", "text": "to do to be able to address this issue."}, {"start": "00:37:32", "end": "00:37:37", "text": ">> I think the sad thing is that day"}, {"start": "00:37:35", "end": "00:37:39", "text": "arrives and who do you point the finger"}, {"start": "00:37:37", "end": "00:37:40", "text": "at? Do you point it at the Republicans?"}, {"start": "00:37:39", "end": "00:37:42", "text": "You point at the Democrats because"}, {"start": "00:37:40", "end": "00:37:44", "text": "they're both responsible and they're so"}, {"start": "00:37:42", "end": "00:37:46", "text": "then what are you going to do? Blame"}, {"start": "00:37:44", "end": "00:37:48", "text": "prior politicians? That doesn't really"}, {"start": "00:37:46", "end": "00:37:51", "text": "help the recipients. So I wonder if"}, {"start": "00:37:48", "end": "00:37:52", "text": "there's a role you know for us like"}, {"start": "00:37:51", "end": "00:37:56", "text": "people in the markets being a little bit"}, {"start": "00:37:52", "end": "00:37:57", "text": "louder on this topic you know anyway"}, {"start": "00:37:56", "end": "00:37:59", "text": "that's a separate because the trustees"}, {"start": "00:37:57", "end": "00:38:01", "text": "are very clear they'll write the annual"}, {"start": "00:37:59", "end": "00:38:05", "text": "report saying 80 cents on the dollar in"}, {"start": "00:38:01", "end": "00:38:07", "text": "2033. Uh but so they'll have a clear"}, {"start": "00:38:05", "end": "00:38:08", "text": "conscience or whatever. I mean they've"}, {"start": "00:38:07", "end": "00:38:10", "text": "done that what they're supposed to be"}, {"start": "00:38:08", "end": "00:38:12", "text": "doing. It's it's the politicians that"}, {"start": "00:38:10", "end": "00:38:15", "text": "are really shortch changing the average"}, {"start": "00:38:12", "end": "00:38:17", "text": "person. One of the aspects of investing"}, {"start": "00:38:15", "end": "00:38:18", "text": "today that I think has really changed"}, {"start": "00:38:17", "end": "00:38:20", "text": "over the last five or six years and a"}, {"start": "00:38:18", "end": "00:38:22", "text": "lot of it I think is because of COVID"}, {"start": "00:38:20", "end": "00:38:24", "text": "and the spending etc. is um if I go and"}, {"start": "00:38:22", "end": "00:38:26", "text": "I look at a lot of the economic data,"}, {"start": "00:38:24", "end": "00:38:28", "text": "everything looks pretty good, right? I"}, {"start": "00:38:26", "end": "00:38:29", "text": "mean, there's some risk areas, but for"}, {"start": "00:38:28", "end": "00:38:31", "text": "the most part, it looks like the US"}, {"start": "00:38:29", "end": "00:38:33", "text": "economy is growing, stock market is up,"}, {"start": "00:38:31", "end": "00:38:36", "text": "inflation is not at 9% or, you know,"}, {"start": "00:38:33", "end": "00:38:39", "text": "whatever. If you go and you talk to"}, {"start": "00:38:36", "end": "00:38:41", "text": "people, it is a whole different story."}, {"start": "00:38:39", "end": "00:38:43", "text": "And a lot of people point to like the"}, {"start": "00:38:41", "end": "00:38:44", "text": "Michigan consumer sentiment survey. I"}, {"start": "00:38:43", "end": "00:38:46", "text": "think that it's complete trash and"}, {"start": "00:38:44", "end": "00:38:48", "text": "there's a lot of like sampling issues,"}, {"start": "00:38:46", "end": "00:38:50", "text": "etc. But let's use it as a directional"}, {"start": "00:38:48", "end": "00:38:52", "text": "like the stock market is going up and"}, {"start": "00:38:50", "end": "00:38:54", "text": "sentiment is going down. People are"}, {"start": "00:38:52", "end": "00:38:57", "text": "saying I'm in financial pain. The data"}, {"start": "00:38:54", "end": "00:38:59", "text": "is not necessarily showing that as much."}, {"start": "00:38:57", "end": "00:39:00", "text": ">> How do you balance these two? Do you"}, {"start": "00:38:59", "end": "00:39:02", "text": "look at the data? Do you listen to"}, {"start": "00:39:00", "end": "00:39:03", "text": "people? Do you have to kind of take them"}, {"start": "00:39:02", "end": "00:39:06", "text": "both together?"}, {"start": "00:39:03", "end": "00:39:09", "text": ">> I think it's a a great question. There's"}, {"start": "00:39:06", "end": "00:39:12", "text": "been a collapse in the kind of accuracy"}, {"start": "00:39:09", "end": "00:39:14", "text": "of sentiment uh and trust in polling."}, {"start": "00:39:12", "end": "00:39:16", "text": "And it's not just financial markets. I"}, {"start": "00:39:14", "end": "00:39:18", "text": "can't recall it all off the top of my"}, {"start": "00:39:16", "end": "00:39:20", "text": "head, but it's it's consistent. And if"}, {"start": "00:39:18", "end": "00:39:23", "text": "you look at trust in institutions, for"}, {"start": "00:39:20", "end": "00:39:24", "text": "example, trust in Congress, trust in,"}, {"start": "00:39:23", "end": "00:39:26", "text": "you know, I think I don't know what"}, {"start": "00:39:24", "end": "00:39:28", "text": "what's retained it. I think small"}, {"start": "00:39:26", "end": "00:39:31", "text": "business and religion is about it, but"}, {"start": "00:39:28", "end": "00:39:33", "text": "uh you know, academia, right? Uh large"}, {"start": "00:39:31", "end": "00:39:36", "text": "businesses, everything. And and"}, {"start": "00:39:33", "end": "00:39:39", "text": "sentiment, you're right, is just wacky,"}, {"start": "00:39:36", "end": "00:39:42", "text": "out of touch. It it it's it doesn't even"}, {"start": "00:39:39", "end": "00:39:43", "text": "match like what they're like their own"}, {"start": "00:39:42", "end": "00:39:45", "text": "behavior doesn't match what they're"}, {"start": "00:39:43", "end": "00:39:46", "text": "saying about themselves. Right. So"}, {"start": "00:39:45", "end": "00:39:48", "text": "they're saying yes sentiment is horrible"}, {"start": "00:39:46", "end": "00:39:48", "text": "yet they're spending."}, {"start": "00:39:48", "end": "00:39:51", "text": ">> Mhm."}, {"start": "00:39:48", "end": "00:39:53", "text": ">> Right. And that's so I I don't know."}, {"start": "00:39:51", "end": "00:39:57", "text": ">> I think there's been a politization a"}, {"start": "00:39:53", "end": "00:39:59", "text": "little bit of sentiment data, but that's"}, {"start": "00:39:57", "end": "00:40:00", "text": ">> Well, we 100% know that to be true,"}, {"start": "00:39:59", "end": "00:40:01", "text": "right? And again, I I kind of look at"}, {"start": "00:40:00", "end": "00:40:03", "text": "this as and and over the years I've"}, {"start": "00:40:01", "end": "00:40:05", "text": "gotten very jaded where I'm just like"}, {"start": "00:40:03", "end": "00:40:06", "text": "both political parties for the most are"}, {"start": "00:40:05", "end": "00:40:08", "text": "like full of right? And so like,"}, {"start": "00:40:06", "end": "00:40:10", "text": "okay, let's use it as a starting point."}, {"start": "00:40:08", "end": "00:40:12", "text": "But if you go and you look at the"}, {"start": "00:40:10", "end": "00:40:14", "text": "Michigan Consumer Sentiment Survey in"}, {"start": "00:40:12", "end": "00:40:17", "text": "particular, yeah, they do a great job of"}, {"start": "00:40:14", "end": "00:40:19", "text": "publishing a lot of the source data. And"}, {"start": "00:40:17", "end": "00:40:20", "text": "so people smarter than me, aka Tom Lee,"}, {"start": "00:40:19", "end": "00:40:23", "text": "uh, has gone and actually done the"}, {"start": "00:40:20", "end": "00:40:25", "text": "analysis. And what he shows is it used"}, {"start": "00:40:23", "end": "00:40:29", "text": "to be they uh, would survey 50%"}, {"start": "00:40:25", "end": "00:40:30", "text": "Republicans, 50% Democrats. And the"}, {"start": "00:40:29", "end": "00:40:32", "text": "reason why that was important is"}, {"start": "00:40:30", "end": "00:40:33", "text": "because, you know, Democrats will tell"}, {"start": "00:40:32", "end": "00:40:34", "text": "you inflation's going to like 6% and"}, {"start": "00:40:33", "end": "00:40:36", "text": "Republicans will tell you it's going to"}, {"start": "00:40:34", "end": "00:40:38", "text": "one and a half%. Right. And so they're"}, {"start": "00:40:36", "end": "00:40:39", "text": "just wildly political. You know, their"}, {"start": "00:40:38", "end": "00:40:40", "text": "brains are broken by politics."}, {"start": "00:40:39", "end": "00:40:42", "text": ">> They're talking their books."}, {"start": "00:40:40", "end": "00:40:45", "text": ">> Yeah. Of course."}, {"start": "00:40:42", "end": "00:40:46", "text": "Well, the sentiment was kind of middle"}, {"start": "00:40:45", "end": "00:40:47", "text": "of the road. And so you kind of had this"}, {"start": "00:40:46", "end": "00:40:48", "text": "healthy tension. Some people thought it"}, {"start": "00:40:47", "end": "00:40:51", "text": "was good, some people thought it was"}, {"start": "00:40:48", "end": "00:40:52", "text": "bad. And you know, here we go. In the"}, {"start": "00:40:51", "end": "00:40:55", "text": "last three years or so, they have"}, {"start": "00:40:52", "end": "00:40:58", "text": "shifted to a lot more online polling."}, {"start": "00:40:55", "end": "00:41:01", "text": "When they did that, the construction of"}, {"start": "00:40:58", "end": "00:41:03", "text": "the survey sample has changed. So now"}, {"start": "00:41:01", "end": "00:41:05", "text": "they are actually surveying twothirds"}, {"start": "00:41:03", "end": "00:41:07", "text": "Democrats, one-thirds Republican."}, {"start": "00:41:05", "end": "00:41:08", "text": ">> Now I I'm not going to claim because I"}, {"start": "00:41:07", "end": "00:41:10", "text": "actually don't think that they're doing"}, {"start": "00:41:08", "end": "00:41:11", "text": "it intentionally. I think it's probably"}, {"start": "00:41:10", "end": "00:41:12", "text": "where they advertising the survey, where"}, {"start": "00:41:11", "end": "00:41:13", "text": "they get the people. You know, there's"}, {"start": "00:41:12", "end": "00:41:14", "text": "all these like components that go into"}, {"start": "00:41:13", "end": "00:41:14", "text": "it."}, {"start": "00:41:14", "end": "00:41:17", "text": ">> Yeah."}, {"start": "00:41:14", "end": "00:41:19", "text": ">> But immediately by now having two times"}, {"start": "00:41:17", "end": "00:41:21", "text": "more Democrats than Republicans, and the"}, {"start": "00:41:19", "end": "00:41:23", "text": "Democrats tend to be more pessimistic on"}, {"start": "00:41:21", "end": "00:41:25", "text": "the economy going forward, etc.,"}, {"start": "00:41:23", "end": "00:41:26", "text": "sentiment starts to pull down. And so I"}, {"start": "00:41:25", "end": "00:41:28", "text": "look at that, I'm like, \"Okay, there are"}, {"start": "00:41:26", "end": "00:41:32", "text": "probably a lot of issues with the the uh"}, {"start": "00:41:28", "end": "00:41:35", "text": "stuff.\" If I tweet though and I say,"}, {"start": "00:41:32", "end": "00:41:37", "text": "\"The American economy is rocking.\" Oh my"}, {"start": "00:41:35", "end": "00:41:39", "text": "god. I mean, you you you just read the"}, {"start": "00:41:37", "end": "00:41:40", "text": "comments and you're like, \"By the way,"}, {"start": "00:41:39", "end": "00:41:41", "text": "there's a lot of people who disagree"}, {"start": "00:41:40", "end": "00:41:43", "text": "with that.\" Right."}, {"start": "00:41:41", "end": "00:41:46", "text": ">> Right. And so again, that's anecdotal,"}, {"start": "00:41:43", "end": "00:41:48", "text": "but I do wonder sometimes like is that"}, {"start": "00:41:46", "end": "00:41:49", "text": "actually a better signal for sentiment"}, {"start": "00:41:48", "end": "00:41:50", "text": "than the survey?"}, {"start": "00:41:49", "end": "00:41:53", "text": ">> Because there's a bunch of people who"}, {"start": "00:41:50", "end": "00:41:55", "text": "are like, \"Look, man, gas is x dollars,"}, {"start": "00:41:53", "end": "00:41:58", "text": "you know, a gallon. Uh grocery bill,"}, {"start": "00:41:55", "end": "00:42:01", "text": "it's up 20%, 30%.\""}, {"start": "00:41:58", "end": "00:42:03", "text": ">> And so I think that in finance, we look"}, {"start": "00:42:01", "end": "00:42:06", "text": "at inflation and that's the thing we"}, {"start": "00:42:03", "end": "00:42:08", "text": "worry about. But really a average"}, {"start": "00:42:06", "end": "00:42:09", "text": "American family is just looking at I"}, {"start": "00:42:08", "end": "00:42:12", "text": "don't care if the inflation happened in"}, {"start": "00:42:09", "end": "00:42:14", "text": "21 22 or if it happened in 26. All I"}, {"start": "00:42:12", "end": "00:42:16", "text": "know is it used to cost me 60 bucks to"}, {"start": "00:42:14", "end": "00:42:16", "text": "go to the grocery store. Now it cost me"}, {"start": "00:42:16", "end": "00:42:17", "text": "90."}, {"start": "00:42:16", "end": "00:42:19", "text": ">> Correct."}, {"start": "00:42:17", "end": "00:42:21", "text": ">> Somebody did this to me. Right. Right."}, {"start": "00:42:19", "end": "00:42:22", "text": "You know and and they're and I don't"}, {"start": "00:42:21", "end": "00:42:24", "text": "even know if sometimes they even blame"}, {"start": "00:42:22", "end": "00:42:25", "text": "blame it on one political party the"}, {"start": "00:42:24", "end": "00:42:28", "text": "other. They just care about the"}, {"start": "00:42:25", "end": "00:42:30", "text": "aggregate increase in price and they"}, {"start": "00:42:28", "end": "00:42:32", "text": "don't understand inflation when it"}, {"start": "00:42:30", "end": "00:42:34", "text": "happened who did it. It's just it's too"}, {"start": "00:42:32", "end": "00:42:35", "text": "expensive. And that's driving a lot of"}, {"start": "00:42:34", "end": "00:42:37", "text": "the sentiment, right?"}, {"start": "00:42:35", "end": "00:42:40", "text": ">> It is too expensive. I mean, honestly,"}, {"start": "00:42:37", "end": "00:42:43", "text": "they're right. Right. We just had a huge"}, {"start": "00:42:40", "end": "00:42:45", "text": "increase cumulatively, and that's makes"}, {"start": "00:42:43", "end": "00:42:48", "text": "more sense, right, to your point. Right."}, {"start": "00:42:45", "end": "00:42:50", "text": "Economic statistics can short-term"}, {"start": "00:42:48", "end": "00:42:52", "text": "economic statistics can be very"}, {"start": "00:42:50", "end": "00:42:56", "text": "misleading. Yeah. I I throw out all"}, {"start": "00:42:52", "end": "00:42:57", "text": "sentiment data really in my um the way I"}, {"start": "00:42:56", "end": "00:42:59", "text": "think about markets."}, {"start": "00:42:57", "end": "00:43:00", "text": ">> And so, like in the spending example,"}, {"start": "00:42:59", "end": "00:43:02", "text": "you put more weight on the spending data"}, {"start": "00:43:00", "end": "00:43:02", "text": "than you would on what people are"}, {"start": "00:43:02", "end": "00:43:03", "text": "saying."}, {"start": "00:43:02", "end": "00:43:03", "text": ">> Yeah. Yeah."}, {"start": "00:43:03", "end": "00:43:05", "text": ">> Yeah."}, {"start": "00:43:03", "end": "00:43:05", "text": ">> And why do you think people are still"}, {"start": "00:43:05", "end": "00:43:08", "text": "spending?"}, {"start": "00:43:05", "end": "00:43:11", "text": ">> And and I also don't try look I'm"}, {"start": "00:43:08", "end": "00:43:13", "text": "looking for these big trends. I don't"}, {"start": "00:43:11", "end": "00:43:16", "text": "really care that much about wiggles and"}, {"start": "00:43:13", "end": "00:43:18", "text": "data. I think look the biggest question"}, {"start": "00:43:16", "end": "00:43:22", "text": "I've asked myself statistically for this"}, {"start": "00:43:18", "end": "00:43:25", "text": "year by far by far employment"}, {"start": "00:43:22", "end": "00:43:27", "text": ">> right because the big concern is AI"}, {"start": "00:43:25", "end": "00:43:29", "text": "takes people's jobs and and is that"}, {"start": "00:43:27", "end": "00:43:32", "text": "happening and you you you know you can"}, {"start": "00:43:29", "end": "00:43:33", "text": "see some of these hyperscalers cutting"}, {"start": "00:43:32", "end": "00:43:35", "text": "back on their employment you're oh is"}, {"start": "00:43:33", "end": "00:43:37", "text": "this the beginning of something you know"}, {"start": "00:43:35", "end": "00:43:39", "text": "I published like some 20-year survey"}, {"start": "00:43:37", "end": "00:43:42", "text": "data from Morgan Stanley in in January"}, {"start": "00:43:39", "end": "00:43:46", "text": "or I borrowed it and you can see huge"}, {"start": "00:43:42", "end": "00:43:49", "text": "changes like secretary Aries, right? 75%"}, {"start": "00:43:46", "end": "00:43:51", "text": "fall in secretarial jobs over a 20-year"}, {"start": "00:43:49", "end": "00:43:54", "text": "period, but it's over 20 years."}, {"start": "00:43:51", "end": "00:43:57", "text": ">> You know, you just don't see employment."}, {"start": "00:43:54", "end": "00:44:00", "text": "This was my conclusion, but you never"}, {"start": "00:43:57", "end": "00:44:02", "text": "know. We'll see at year end, but you"}, {"start": "00:44:00", "end": "00:44:04", "text": "just don't see big moves in employment"}, {"start": "00:44:02", "end": "00:44:06", "text": "because our economy is so vibrant."}, {"start": "00:44:04", "end": "00:44:08", "text": "Anthony, that's what's so cool about it."}, {"start": "00:44:06", "end": "00:44:11", "text": "And and I was really persuaded by a"}, {"start": "00:44:08", "end": "00:44:14", "text": "futurist who said, \"Listen, we threw 40"}, {"start": "00:44:11", "end": "00:44:17", "text": "million new people into the workforce"}, {"start": "00:44:14", "end": "00:44:19", "text": "and you could barely see the the blip in"}, {"start": "00:44:17", "end": "00:44:21", "text": "the employment trends.\" And that that 40"}, {"start": "00:44:19", "end": "00:44:23", "text": "million was women uh entering the"}, {"start": "00:44:21", "end": "00:44:25", "text": "workforce after World War II."}, {"start": "00:44:23", "end": "00:44:26", "text": ">> Like you just can't see it. And once I"}, {"start": "00:44:25", "end": "00:44:28", "text": "saw that, I'm like, there's nothing"}, {"start": "00:44:26", "end": "00:44:31", "text": "happening from AI that's going to like"}, {"start": "00:44:28", "end": "00:44:33", "text": "dramatically, you know, throw half the"}, {"start": "00:44:31", "end": "00:44:36", "text": "workforce out of uh you know, out."}, {"start": "00:44:33", "end": "00:44:37", "text": ">> What is AI doing to your guys business?"}, {"start": "00:44:36", "end": "00:44:39", "text": "like where are you guys seeing"}, {"start": "00:44:37", "end": "00:44:41", "text": "disruption and and obstacles versus"}, {"start": "00:44:39", "end": "00:44:43", "text": "where are you seeing efficiency gains or"}, {"start": "00:44:41", "end": "00:44:46", "text": "or advantages in using it?"}, {"start": "00:44:43", "end": "00:44:48", "text": ">> I mean it's empowering researchers right"}, {"start": "00:44:46", "end": "00:44:51", "text": "just generally and and what I laugh"}, {"start": "00:44:48", "end": "00:44:54", "text": "about a little bit is uh the knowledge"}, {"start": "00:44:51", "end": "00:44:56", "text": "flow within VANC from department to"}, {"start": "00:44:54", "end": "00:44:58", "text": "department has changed. It used to be"}, {"start": "00:44:56", "end": "00:45:01", "text": "you always went to legal for your first"}, {"start": "00:44:58", "end": "00:45:02", "text": "questions and now legal is kind of like"}, {"start": "00:45:01", "end": "00:45:04", "text": "only if they need to produce the"}, {"start": "00:45:02", "end": "00:45:08", "text": "document, right? Because you can do the"}, {"start": "00:45:04", "end": "00:45:10", "text": "research yourself. That's true for"}, {"start": "00:45:08", "end": "00:45:11", "text": "you know like we were checking some"}, {"start": "00:45:10", "end": "00:45:13", "text": "stuff on our website which you think"}, {"start": "00:45:11", "end": "00:45:15", "text": "would be marketing but it wasn't"}, {"start": "00:45:13", "end": "00:45:17", "text": "marketing someone another department"}, {"start": "00:45:15", "end": "00:45:20", "text": "like built a tool to kind of like check"}, {"start": "00:45:17", "end": "00:45:22", "text": "for stuff on our website um in in hours"}, {"start": "00:45:20", "end": "00:45:26", "text": "right so uh what we're seeing is a lot"}, {"start": "00:45:22", "end": "00:45:28", "text": "of productivity we spend about $750,000"}, {"start": "00:45:26", "end": "00:45:32", "text": "a year right now on on claude we're"}, {"start": "00:45:28", "end": "00:45:35", "text": "moving more from chat to claude and um"}, {"start": "00:45:32", "end": "00:45:36", "text": "you know you think of we have 550 people"}, {"start": "00:45:35", "end": "00:45:39", "text": "that's not at a lot of expense. I could"}, {"start": "00:45:36", "end": "00:45:41", "text": "see that going up. I I did that"}, {"start": "00:45:39", "end": "00:45:43", "text": "partially because I called 2026 the year"}, {"start": "00:45:41", "end": "00:45:46", "text": "of corporate AI, right? Because"}, {"start": "00:45:43", "end": "00:45:48", "text": "Anthropic on the on the LLM side and"}, {"start": "00:45:46", "end": "00:45:50", "text": "then, you know, Nvidia last week with"}, {"start": "00:45:48", "end": "00:45:52", "text": "its earnings broke out the hyperscaler"}, {"start": "00:45:50", "end": "00:45:55", "text": "demand for their for their their"}, {"start": "00:45:52", "end": "00:45:57", "text": "hardware from kind of the rest of the"}, {"start": "00:45:55", "end": "00:46:00", "text": "world including uh you know companies"}, {"start": "00:45:57", "end": "00:46:05", "text": "and so I really think we are providing"}, {"start": "00:46:00", "end": "00:46:05", "text": "this extra compute um demand. So um What"}, {"start": "00:46:05", "end": "00:46:07", "text": "I find interesting,"}, {"start": "00:46:05", "end": "00:46:09", "text": ">> sorry, I went a little back to the"}, {"start": "00:46:07", "end": "00:46:11", "text": "markets there, but was that helpful? We"}, {"start": "00:46:09", "end": "00:46:12", "text": "we published our use of tokens on our on"}, {"start": "00:46:11", "end": "00:46:14", "text": "our website."}, {"start": "00:46:12", "end": "00:46:15", "text": ">> I know you guys did. I find it pretty"}, {"start": "00:46:14", "end": "00:46:17", "text": "cool. And one of the things I'm seeing"}, {"start": "00:46:15", "end": "00:46:18", "text": "across the we are seeing inside of our"}, {"start": "00:46:17", "end": "00:46:20", "text": "companies, like you take the CFO Sylvia"}, {"start": "00:46:18", "end": "00:46:22", "text": "product, right? Um it was like roll this"}, {"start": "00:46:20", "end": "00:46:24", "text": "out to everyone, get everyone using as"}, {"start": "00:46:22", "end": "00:46:25", "text": "many tokens as possible. Companies had"}, {"start": "00:46:24", "end": "00:46:27", "text": "token leaderboards, you know, all this"}, {"start": "00:46:25", "end": "00:46:28", "text": "kind of crazy stuff."}, {"start": "00:46:27", "end": "00:46:28", "text": ">> And then all of a sudden everyone"}, {"start": "00:46:28", "end": "00:46:29", "text": "realized, wait a minute,"}, {"start": "00:46:28", "end": "00:46:31", "text": ">> publish it for Sylvia?"}, {"start": "00:46:29", "end": "00:46:34", "text": ">> Uh we do not. No, but um"}, {"start": "00:46:31", "end": "00:46:38", "text": ">> you should. No, it radical transparency"}, {"start": "00:46:34", "end": "00:46:40", "text": ">> uh the the token usage uh exploded and"}, {"start": "00:46:38", "end": "00:46:42", "text": "then we have been very successful in"}, {"start": "00:46:40", "end": "00:46:43", "text": "cutting it. And I think that this is"}, {"start": "00:46:42", "end": "00:46:45", "text": ">> that's the dynamic, right? Something"}, {"start": "00:46:43", "end": "00:46:47", "text": "costs money, you how you use it."}, {"start": "00:46:45", "end": "00:46:48", "text": ">> Yeah. And industrywide. I talked to"}, {"start": "00:46:47", "end": "00:46:49", "text": "friends who run private companies,"}, {"start": "00:46:48", "end": "00:46:52", "text": "friends who run public companies,"}, {"start": "00:46:49", "end": "00:46:54", "text": "investment firms, etc. Everyone 12"}, {"start": "00:46:52", "end": "00:46:58", "text": "months ago, 18 months ago, told their"}, {"start": "00:46:54", "end": "00:46:59", "text": "teams, \"Go use AI. You have to start"}, {"start": "00:46:58", "end": "00:47:01", "text": "using this stuff. Become, you know, AI"}, {"start": "00:46:59", "end": "00:47:02", "text": "native. Go and figure out how to use"}, {"start": "00:47:01", "end": "00:47:04", "text": "these tools.\" Sometimes they did"}, {"start": "00:47:02", "end": "00:47:06", "text": "trainings internally, they built tools"}, {"start": "00:47:04", "end": "00:47:08", "text": "like whatever they could do to enhance"}, {"start": "00:47:06", "end": "00:47:10", "text": "the productivity of their teams they"}, {"start": "00:47:08", "end": "00:47:12", "text": "did. Then they started to get the bill"}, {"start": "00:47:10", "end": "00:47:13", "text": "and they said, \"Wait a minute. I like"}, {"start": "00:47:12", "end": "00:47:16", "text": "the productivity. I don't like the"}, {"start": "00:47:13", "end": "00:47:17", "text": "bill.\" And so over the last six months"}, {"start": "00:47:16", "end": "00:47:19", "text": "or so, what I see a lot of teams doing"}, {"start": "00:47:17", "end": "00:47:22", "text": "is they're saying, \"How do we keep as"}, {"start": "00:47:19", "end": "00:47:23", "text": "much productivity gain as we can, but I"}, {"start": "00:47:22", "end": "00:47:24", "text": "want this bill to come down.\" And so"}, {"start": "00:47:23", "end": "00:47:26", "text": "what people started to realize, just"}, {"start": "00:47:24", "end": "00:47:28", "text": "like all new technologies, is like,"}, {"start": "00:47:26", "end": "00:47:29", "text": "\"Hey, every time we refresh this page,"}, {"start": "00:47:28", "end": "00:47:31", "text": "it was hitting the model, right?"}, {"start": "00:47:29", "end": "00:47:32", "text": ">> We don't need to do that. Let's stop"}, {"start": "00:47:31", "end": "00:47:34", "text": "doing that.\" And you start to see these"}, {"start": "00:47:32", "end": "00:47:36", "text": "bills come down. And so it' be"}, {"start": "00:47:34", "end": "00:47:37", "text": "fascinating inside of uh like an"}, {"start": "00:47:36", "end": "00:47:42", "text": "anthropic"}, {"start": "00:47:37", "end": "00:47:43", "text": ">> the per query token usage my guess is"}, {"start": "00:47:42", "end": "00:47:44", "text": "probably coming down. Some of it's"}, {"start": "00:47:43", "end": "00:47:45", "text": "because things they're doing some of"}, {"start": "00:47:44", "end": "00:47:47", "text": "it's because of the way the users are"}, {"start": "00:47:45", "end": "00:47:48", "text": "are uh using their tools."}, {"start": "00:47:47", "end": "00:47:50", "text": ">> Yeah."}, {"start": "00:47:48", "end": "00:47:52", "text": ">> But the adoption of AI is exploding"}, {"start": "00:47:50", "end": "00:47:54", "text": "higher. So you get this net gain for a"}, {"start": "00:47:52", "end": "00:47:56", "text": "company like Anthropic. But actually the"}, {"start": "00:47:54", "end": "00:47:57", "text": "individual companies are trying to"}, {"start": "00:47:56", "end": "00:47:59", "text": "figure out okay how do I get this bill"}, {"start": "00:47:57", "end": "00:48:02", "text": "down but still get the efficiency gain."}, {"start": "00:47:59", "end": "00:48:04", "text": ">> Yeah. And so that I think is maybe one"}, {"start": "00:48:02", "end": "00:48:06", "text": "of the most bullish components of AI is"}, {"start": "00:48:04", "end": "00:48:08", "text": "it's not just oh we have existing"}, {"start": "00:48:06", "end": "00:48:09", "text": "customers and they're using AI more."}, {"start": "00:48:08", "end": "00:48:11", "text": ">> What they're doing is they're actually"}, {"start": "00:48:09", "end": "00:48:12", "text": "trying to cut back their bills yet your"}, {"start": "00:48:11", "end": "00:48:13", "text": "business is adding $10 billion of"}, {"start": "00:48:12", "end": "00:48:14", "text": "revenue a month."}, {"start": "00:48:13", "end": "00:48:15", "text": ">> Right."}, {"start": "00:48:14", "end": "00:48:17", "text": ">> Right. I mean that is there may not be a"}, {"start": "00:48:15", "end": "00:48:19", "text": "more bullish sign than that."}, {"start": "00:48:17", "end": "00:48:21", "text": ">> Yeah. Yeah. I mean when we showed the"}, {"start": "00:48:19", "end": "00:48:24", "text": "data um an investment colleague said"}, {"start": "00:48:21", "end": "00:48:26", "text": "well what's vanex usage and I said let's"}, {"start": "00:48:24", "end": "00:48:30", "text": "share it. Uh I was surprised right our"}, {"start": "00:48:26", "end": "00:48:33", "text": "so couple things. Open AI is less"}, {"start": "00:48:30", "end": "00:48:35", "text": "transparent about their token usage for"}, {"start": "00:48:33", "end": "00:48:36", "text": "some reason than Claude and Claude is"}, {"start": "00:48:35", "end": "00:48:38", "text": "supposed to have the compute problem,"}, {"start": "00:48:36", "end": "00:48:41", "text": "right? But like we could only get"}, {"start": "00:48:38", "end": "00:48:44", "text": "estimated token usage uh from OpenAI"}, {"start": "00:48:41", "end": "00:48:46", "text": "whereas Claude would actually publish it"}, {"start": "00:48:44", "end": "00:48:48", "text": "was like order of magnitude higher. It's"}, {"start": "00:48:46", "end": "00:48:50", "text": "like millions and millions of tokens a"}, {"start": "00:48:48", "end": "00:48:53", "text": "day like you know anyway that we had to"}, {"start": "00:48:50", "end": "00:48:55", "text": "guess with Open AI. Uh but our overall"}, {"start": "00:48:53", "end": "00:48:57", "text": "token usage on cloud had only sort of"}, {"start": "00:48:55", "end": "00:49:00", "text": "doubled in a four-month period which"}, {"start": "00:48:57", "end": "00:49:02", "text": "didn't feel right but it's to your point"}, {"start": "00:49:00", "end": "00:49:05", "text": "people are using it more efficiency"}, {"start": "00:49:02", "end": "00:49:07", "text": "efficiently and the IT department that 9"}, {"start": "00:49:05", "end": "00:49:09", "text": "months was completely wor like literally"}, {"start": "00:49:07", "end": "00:49:11", "text": "I I heard that people worried about"}, {"start": "00:49:09", "end": "00:49:13", "text": "their jobs these people are are"}, {"start": "00:49:11", "end": "00:49:16", "text": "providing they're like enhancing well"}, {"start": "00:49:13", "end": "00:49:19", "text": "they're enhanc you having the IT"}, {"start": "00:49:16", "end": "00:49:21", "text": "background like makes you so much more"}, {"start": "00:49:19", "end": "00:49:24", "text": "productive right I mean vibe coding is"}, {"start": "00:49:21", "end": "00:49:26", "text": "fun, but you know having access to the"}, {"start": "00:49:24", "end": "00:49:28", "text": "underlying data and being able to"}, {"start": "00:49:26", "end": "00:49:31", "text": "optimize use of AI is way better."}, {"start": "00:49:28", "end": "00:49:34", "text": ">> Mhm. Now, um what will it take for the"}, {"start": "00:49:31", "end": "00:49:35", "text": "AI to make the investment decisions?"}, {"start": "00:49:34", "end": "00:49:37", "text": "Right now, everyone is using it for"}, {"start": "00:49:35", "end": "00:49:38", "text": "research. They're using it for things"}, {"start": "00:49:37", "end": "00:49:39", "text": "around."}, {"start": "00:49:38", "end": "00:49:41", "text": ">> Yeah."}, {"start": "00:49:39", "end": "00:49:43", "text": ">> When will you feel comfortable giving"}, {"start": "00:49:41", "end": "00:49:46", "text": "your money to an AI or when will VANC"}, {"start": "00:49:43", "end": "00:49:48", "text": "offer some sort of product where the AI"}, {"start": "00:49:46", "end": "00:49:51", "text": "makes 100% of the investment decisions?"}, {"start": "00:49:48", "end": "00:49:53", "text": ">> So, I mean, we use AI already, right? If"}, {"start": "00:49:51", "end": "00:49:56", "text": "you think that all our actively managed"}, {"start": "00:49:53", "end": "00:49:59", "text": "funds uh and all the analysts are AI"}, {"start": "00:49:56", "end": "00:50:02", "text": "empowered, right? Uh so that's already"}, {"start": "00:49:59", "end": "00:50:05", "text": "happening. We have um we have an ETF"}, {"start": "00:50:02", "end": "00:50:09", "text": "that sorts huge amounts of data using"}, {"start": "00:50:05", "end": "00:50:11", "text": "AI. Um and I guess that's fully AI in in"}, {"start": "00:50:09", "end": "00:50:14", "text": "a sense. It's it's uh processing social"}, {"start": "00:50:11", "end": "00:50:16", "text": "media data uh like likes and dislikes"}, {"start": "00:50:14", "end": "00:50:18", "text": "and comments on your tweets and that"}, {"start": "00:50:16", "end": "00:50:22", "text": "kind of stuff if if you talk about"}, {"start": "00:50:18", "end": "00:50:24", "text": "stocks. Um, so but I don't I'll tell you"}, {"start": "00:50:22", "end": "00:50:27", "text": "what the difficulty is. Maybe AI is"}, {"start": "00:50:24", "end": "00:50:30", "text": "really good. The the it presumes a lot"}, {"start": "00:50:27", "end": "00:50:33", "text": "of trading that's better sitting within"}, {"start": "00:50:30", "end": "00:50:35", "text": "a Citadel or a Jane Street than within"}, {"start": "00:50:33", "end": "00:50:38", "text": "an ETF because it the cost of"}, {"start": "00:50:35", "end": "00:50:40", "text": "transacting if you're if you're not"}, {"start": "00:50:38", "end": "00:50:42", "text": "really good at it is is is exorbitant."}, {"start": "00:50:40", "end": "00:50:44", "text": "Um, and then the last component,"}, {"start": "00:50:42", "end": "00:50:46", "text": "Anthony, that I think really delays it"}, {"start": "00:50:44", "end": "00:50:48", "text": "is do you really trust an AI not to go"}, {"start": "00:50:46", "end": "00:50:51", "text": "off the rails? M"}, {"start": "00:50:48", "end": "00:50:54", "text": ">> and I it it might we might be okay but"}, {"start": "00:50:51", "end": "00:50:56", "text": "if we to persuade a customer like this"}, {"start": "00:50:54", "end": "00:50:57", "text": "is a really smart AI as opposed to all"}, {"start": "00:50:56", "end": "00:50:58", "text": "the other ones."}, {"start": "00:50:57", "end": "00:51:00", "text": ">> Mhm."}, {"start": "00:50:58", "end": "00:51:02", "text": ">> That's a tough sales proposition."}, {"start": "00:51:00", "end": "00:51:04", "text": ">> One of your big bets is India. One of my"}, {"start": "00:51:02", "end": "00:51:07", "text": "big thesis over the next 10 years is"}, {"start": "00:51:04", "end": "00:51:10", "text": "that the people actually trust the AI"}, {"start": "00:51:07", "end": "00:51:11", "text": "more than the humans and there will be"}, {"start": "00:51:10", "end": "00:51:13", "text": "some tipping point. I don't know when it"}, {"start": "00:51:11", "end": "00:51:15", "text": "will happen or what the thing will be,"}, {"start": "00:51:13", "end": "00:51:18", "text": "but um we have people who reach out to"}, {"start": "00:51:15", "end": "00:51:19", "text": "us from the CFO Sylvia user base and"}, {"start": "00:51:18", "end": "00:51:20", "text": "they ask us all the time, can I just"}, {"start": "00:51:19", "end": "00:51:22", "text": "give Sylvia my money?"}, {"start": "00:51:20", "end": "00:51:24", "text": ">> Now, we don't do that, right? For a"}, {"start": "00:51:22", "end": "00:51:26", "text": "whole bunch of different reasons. Um but"}, {"start": "00:51:24", "end": "00:51:28", "text": "what they're essentially saying is she's"}, {"start": "00:51:26", "end": "00:51:29", "text": "superhuman intelligence. She's smart. I"}, {"start": "00:51:28", "end": "00:51:30", "text": "already trust her to give me insights or"}, {"start": "00:51:29", "end": "00:51:31", "text": "information."}, {"start": "00:51:30", "end": "00:51:34", "text": ">> Yeah."}, {"start": "00:51:31", "end": "00:51:36", "text": ">> What really is happening is I query, she"}, {"start": "00:51:34", "end": "00:51:38", "text": "gives me information, I'm then the"}, {"start": "00:51:36", "end": "00:51:40", "text": "bottleneck, and I have to go into the"}, {"start": "00:51:38", "end": "00:51:42", "text": "portfolio and make a decision. But she's"}, {"start": "00:51:40", "end": "00:51:43", "text": "already telling me the thing that she"}, {"start": "00:51:42", "end": "00:51:45", "text": "thinks is a good idea, a bad idea, or"}, {"start": "00:51:43", "end": "00:51:45", "text": "you know, the pros, cons, whatever."}, {"start": "00:51:45", "end": "00:51:47", "text": ">> Yeah."}, {"start": "00:51:45", "end": "00:51:48", "text": ">> Why don't I just remove the human from"}, {"start": "00:51:47", "end": "00:51:51", "text": "the loop? Why don't I just let her do"}, {"start": "00:51:48", "end": "00:51:52", "text": "it? It's fascinating because when I've"}, {"start": "00:51:51", "end": "00:51:54", "text": "always thought of AI, I've thought of,"}, {"start": "00:51:52", "end": "00:51:55", "text": "you know, high frequency trading and,"}, {"start": "00:51:54", "end": "00:51:57", "text": "you know, those types of things where"}, {"start": "00:51:55", "end": "00:51:59", "text": "it's almost like humans can't do it."}, {"start": "00:51:57", "end": "00:52:01", "text": "What these people seem to be saying is I"}, {"start": "00:51:59", "end": "00:52:03", "text": "actually just want to outsource the"}, {"start": "00:52:01", "end": "00:52:04", "text": "decisionmaking."}, {"start": "00:52:03", "end": "00:52:06", "text": "And that to me is that's not"}, {"start": "00:52:04", "end": "00:52:09", "text": "rules-based. That is, you know, kind of"}, {"start": "00:52:06", "end": "00:52:11", "text": "this uh almost black box to a degree."}, {"start": "00:52:09", "end": "00:52:12", "text": "I don't know if I'd be ready to do that"}, {"start": "00:52:11", "end": "00:52:14", "text": "yet right now."}, {"start": "00:52:12", "end": "00:52:17", "text": ">> I I I'd love to ask you more questions."}, {"start": "00:52:14", "end": "00:52:20", "text": "Like if I put my data into Sylvia,"}, {"start": "00:52:17", "end": "00:52:24", "text": "right, and I had two brokerage accounts,"}, {"start": "00:52:20", "end": "00:52:26", "text": "but 80% of my net worth was in"}, {"start": "00:52:24", "end": "00:52:29", "text": "apartments. I'm I rent apartments like"}, {"start": "00:52:26", "end": "00:52:30", "text": "whatever that was like my culturally. My"}, {"start": "00:52:29", "end": "00:52:33", "text": "parents said, \"Put your money in real"}, {"start": "00:52:30", "end": "00:52:34", "text": "estate. I like to walk around and"}, {"start": "00:52:33", "end": "00:52:36", "text": "collect the rent from people and kick"}, {"start": "00:52:34", "end": "00:52:37", "text": "them out if they'll pay.\" I don't I"}, {"start": "00:52:36", "end": "00:52:40", "text": "don't know who likes to do that, but"}, {"start": "00:52:37", "end": "00:52:42", "text": "anyway, is Sylvia going to tell them"}, {"start": "00:52:40", "end": "00:52:43", "text": "that's a you're you know too much risk"}, {"start": "00:52:42", "end": "00:52:46", "text": "in New York real estate. Let's say"}, {"start": "00:52:43", "end": "00:52:48", "text": "you're doing it here and then what move"}, {"start": "00:52:46", "end": "00:52:50", "text": ">> well or or I mean reduce that part of"}, {"start": "00:52:48", "end": "00:52:51", "text": "your portfolio and you're saying people"}, {"start": "00:52:50", "end": "00:52:53", "text": "are like yeah that's right actually"}, {"start": "00:52:51", "end": "00:52:55", "text": "don't really care if I own any"}, {"start": "00:52:53", "end": "00:52:56", "text": "apartments. I don't really believe that."}, {"start": "00:52:55", "end": "00:52:57", "text": ">> Yeah. So I think that there's two"}, {"start": "00:52:56", "end": "00:52:59", "text": "components. One is it will definitely"}, {"start": "00:52:57", "end": "00:53:00", "text": "say hey you've got heavy concentration"}, {"start": "00:52:59", "end": "00:53:02", "text": "here. You're very exposed to interest"}, {"start": "00:53:00", "end": "00:53:05", "text": "rates or you know whatever the thing is."}, {"start": "00:53:02", "end": "00:53:07", "text": "Um, you can explain, you know, I'm not"}, {"start": "00:53:05", "end": "00:53:08", "text": "going to change it. Disregard this."}, {"start": "00:53:07", "end": "00:53:09", "text": "Right. So, like there's a back and"}, {"start": "00:53:08", "end": "00:53:12", "text": "forth. No different than a financial"}, {"start": "00:53:09", "end": "00:53:12", "text": "adviser, right? Or uh maybe a CFO or an"}, {"start": "00:53:12", "end": "00:53:13", "text": "accountant."}, {"start": "00:53:12", "end": "00:53:15", "text": ">> That's my point. They're not going to"}, {"start": "00:53:13", "end": "00:53:16", "text": "totally give or take."}, {"start": "00:53:15", "end": "00:53:17", "text": ">> Correct. I don't think it's just like"}, {"start": "00:53:16", "end": "00:53:19", "text": "here's all of my money, all of my"}, {"start": "00:53:17", "end": "00:53:21", "text": "assets, like do whatever you want. What"}, {"start": "00:53:19", "end": "00:53:23", "text": "I think is more interesting is somebody"}, {"start": "00:53:21", "end": "00:53:28", "text": "may say, you know, actually what I want"}, {"start": "00:53:23", "end": "00:53:30", "text": "is I want to um give 100 grand. Yeah."}, {"start": "00:53:28", "end": "00:53:32", "text": ">> To this. And no different than an"}, {"start": "00:53:30", "end": "00:53:37", "text": "actively managed ETF. I want maybe"}, {"start": "00:53:32", "end": "00:53:39", "text": "exposure to um the AI trade. Go find,"}, {"start": "00:53:37", "end": "00:53:41", "text": "you know, uh certain types of stocks"}, {"start": "00:53:39", "end": "00:53:43", "text": "that are very asymmetric that could"}, {"start": "00:53:41", "end": "00:53:44", "text": "double every year in the AI space or"}, {"start": "00:53:43", "end": "00:53:44", "text": "whatever."}, {"start": "00:53:44", "end": "00:53:46", "text": ">> Yeah."}, {"start": "00:53:44", "end": "00:53:49", "text": ">> That to me, it's almost like a"}, {"start": "00:53:46", "end": "00:53:51", "text": "self-contained, you know, uh AI driven"}, {"start": "00:53:49", "end": "00:53:52", "text": "type strategy."}, {"start": "00:53:51", "end": "00:53:54", "text": "It's a blending, right? It's kind of"}, {"start": "00:53:52", "end": "00:53:55", "text": "rules-based. It's kind of not. It's got"}, {"start": "00:53:54", "end": "00:53:57", "text": "the LLM."}, {"start": "00:53:55", "end": "00:54:00", "text": ">> Yeah. I call that mainly human because"}, {"start": "00:53:57", "end": "00:54:02", "text": "that the human is saying, \"I've made the"}, {"start": "00:54:00", "end": "00:54:04", "text": "decision. You go execute. I'm totally"}, {"start": "00:54:02", "end": "00:54:06", "text": "with you. Like just get the agent to"}, {"start": "00:54:04", "end": "00:54:08", "text": "execute it, rebalance it, whatever, or"}, {"start": "00:54:06", "end": "00:54:09", "text": "remind you that maybe you want to"}, {"start": "00:54:08", "end": "00:54:12", "text": "rebalance,"}, {"start": "00:54:09", "end": "00:54:13", "text": ">> but that the gate of the kill switch is"}, {"start": "00:54:12", "end": "00:54:14", "text": "still with the human is how"}, {"start": "00:54:13", "end": "00:54:16", "text": ">> Yeah, I I do think that I do think the"}, {"start": "00:54:14", "end": "00:54:18", "text": "kill switch and the ability to shut it"}, {"start": "00:54:16", "end": "00:54:19", "text": "off obviously will always ring with the"}, {"start": "00:54:18", "end": "00:54:22", "text": "human. The other thing I think is really"}, {"start": "00:54:19", "end": "00:54:25", "text": "interesting is um uh you've probably"}, {"start": "00:54:22", "end": "00:54:26", "text": "seen these apps or these tools where uh"}, {"start": "00:54:25", "end": "00:54:26", "text": "people scroll a lot on the internet,"}, {"start": "00:54:26", "end": "00:54:27", "text": "right, you know, on social."}, {"start": "00:54:26", "end": "00:54:29", "text": ">> Yeah. Yeah. and they track it"}, {"start": "00:54:27", "end": "00:54:30", "text": ">> and and so you basically though you can"}, {"start": "00:54:29", "end": "00:54:32", "text": "set like hey only let me do it for 1"}, {"start": "00:54:30", "end": "00:54:33", "text": "hour and then once you hit the 1 hour"}, {"start": "00:54:32", "end": "00:54:35", "text": "you literally can't log in to the"}, {"start": "00:54:33", "end": "00:54:38", "text": "services until the next day or you know"}, {"start": "00:54:35", "end": "00:54:39", "text": "maybe pay five bucks or something right"}, {"start": "00:54:38", "end": "00:54:42", "text": "uh I do think that there's something"}, {"start": "00:54:39", "end": "00:54:43", "text": "about investing where like uh Stanley"}, {"start": "00:54:42", "end": "00:54:46", "text": "Duck Miller always tells the famous"}, {"start": "00:54:43", "end": "00:54:48", "text": "story of like he knew in 2000 but he"}, {"start": "00:54:46", "end": "00:54:49", "text": "like couldn't sit on the sidelines and"}, {"start": "00:54:48", "end": "00:54:51", "text": "he bought at the top and lost like $2"}, {"start": "00:54:49", "end": "00:54:52", "text": "billion in you know six weeks or"}, {"start": "00:54:51", "end": "00:54:53", "text": "something and he's like you know"}, {"start": "00:54:52", "end": "00:54:54", "text": "somebody asked him what he learned he"}, {"start": "00:54:53", "end": "00:54:57", "text": "goes I didn't learn anything I knew I"}, {"start": "00:54:54", "end": "00:54:59", "text": "shouldn't have done that but I did it"}, {"start": "00:54:57", "end": "00:55:00", "text": "anyways, right? He's like, \"I'm not an"}, {"start": "00:54:59", "end": "00:55:01", "text": "idiot. I knew not to do that and I still"}, {"start": "00:55:00", "end": "00:55:03", "text": "did it.\""}, {"start": "00:55:01", "end": "00:55:05", "text": ">> And so, I do think that's where AI"}, {"start": "00:55:03", "end": "00:55:06", "text": "becomes really interesting of like uh"}, {"start": "00:55:05", "end": "00:55:08", "text": "you know, you go to do something and it"}, {"start": "00:55:06", "end": "00:55:10", "text": "says like, \"Are you sure? Are you really"}, {"start": "00:55:08", "end": "00:55:11", "text": "sure? Are you 100% positive you want to"}, {"start": "00:55:10", "end": "00:55:14", "text": "do this? Are you not, you know,"}, {"start": "00:55:11", "end": "00:55:16", "text": "panicking and chasing momentum?\" It's"}, {"start": "00:55:14", "end": "00:55:17", "text": "almost like a a you know, co-pilot is"}, {"start": "00:55:16", "end": "00:55:19", "text": "probably overused, but a coach or or"}, {"start": "00:55:17", "end": "00:55:20", "text": "some sort of, you know, sounding board"}, {"start": "00:55:19", "end": "00:55:22", "text": "that I could say."}, {"start": "00:55:20", "end": "00:55:24", "text": ">> One of the coolest things I've learned"}, {"start": "00:55:22", "end": "00:55:27", "text": "is behavioral economics, right? or just"}, {"start": "00:55:24", "end": "00:55:29", "text": "how we are built built as humans our"}, {"start": "00:55:27", "end": "00:55:31", "text": "decision-making processes are biased to"}, {"start": "00:55:29", "end": "00:55:33", "text": "to kind of make the same kinds of"}, {"start": "00:55:31", "end": "00:55:35", "text": "mistakes and what you're talking about"}, {"start": "00:55:33", "end": "00:55:37", "text": "is I actually talked about this with my"}, {"start": "00:55:35", "end": "00:55:41", "text": "summer interns is like you need rules or"}, {"start": "00:55:37", "end": "00:55:44", "text": "tricks to kind of combat some of your"}, {"start": "00:55:41", "end": "00:55:45", "text": "you know kind of biases the the the bias"}, {"start": "00:55:44", "end": "00:55:47", "text": "that I care about the most is recency"}, {"start": "00:55:45", "end": "00:55:48", "text": "bias where everyone just thinks oh this"}, {"start": "00:55:47", "end": "00:55:51", "text": "is the trend and that's going to"}, {"start": "00:55:48", "end": "00:55:54", "text": "continue like no you know history and"}, {"start": "00:55:51", "end": "00:55:56", "text": "markets can be very discontinuous But um"}, {"start": "00:55:54", "end": "00:55:59", "text": "but but like when you think about it,"}, {"start": "00:55:56", "end": "00:56:01", "text": "the whole retirement savings system has"}, {"start": "00:55:59", "end": "00:56:03", "text": "been driven by the ability of people"}, {"start": "00:56:01", "end": "00:56:06", "text": "just to say, \"I'm putting my money in a"}, {"start": "00:56:03", "end": "00:56:08", "text": "401k and the default, right, is the"}, {"start": "00:56:06", "end": "00:56:10", "text": "target date fund.\" That is so good for"}, {"start": "00:56:08", "end": "00:56:11", "text": "people because they used to always put"}, {"start": "00:56:10", "end": "00:56:14", "text": "their money in cash."}, {"start": "00:56:11", "end": "00:56:18", "text": ">> The amount of wealth that that trick or"}, {"start": "00:56:14", "end": "00:56:20", "text": "tool has generated is probably enormous,"}, {"start": "00:56:18", "end": "00:56:23", "text": "you know. So anyway, so I I I think"}, {"start": "00:56:20", "end": "00:56:26", "text": "you're right. AI can maybe be your buddy"}, {"start": "00:56:23", "end": "00:56:28", "text": "or your trick or tool and or and apply"}, {"start": "00:56:26", "end": "00:56:31", "text": "that in more places. Um, but that's also"}, {"start": "00:56:28", "end": "00:56:32", "text": "the role that financial advisors play."}, {"start": "00:56:31", "end": "00:56:34", "text": ">> Yeah, I think that that uh that makes"}, {"start": "00:56:32", "end": "00:56:35", "text": "sense. We we've known each other now for"}, {"start": "00:56:34", "end": "00:56:36", "text": "a while. I never asked you this"}, {"start": "00:56:35", "end": "00:56:38", "text": "question, so I'm very interested uh in"}, {"start": "00:56:36", "end": "00:56:40", "text": "your answer, but there's a quote on your"}, {"start": "00:56:38", "end": "00:56:42", "text": "website. It says, \"My father built this"}, {"start": "00:56:40", "end": "00:56:43", "text": "firm on the idea that the world is"}, {"start": "00:56:42", "end": "00:56:45", "text": "constantly changing and that by"}, {"start": "00:56:43", "end": "00:56:46", "text": "understanding those shifts early, you"}, {"start": "00:56:45", "end": "00:56:48", "text": "could create a real opportunity for"}, {"start": "00:56:46", "end": "00:56:51", "text": "clients. That belief still guides us"}, {"start": "00:56:48", "end": "00:56:53", "text": "today. And when you first started at"}, {"start": "00:56:51", "end": "00:56:54", "text": "VANC, he had pretty much made two major"}, {"start": "00:56:53", "end": "00:56:55", "text": "bets from my understanding. There was"}, {"start": "00:56:54", "end": "00:56:58", "text": "kind of the international equities and"}, {"start": "00:56:55", "end": "00:57:00", "text": "then there was gold. And I think that he"}, {"start": "00:56:58", "end": "00:57:01", "text": "probably a lot of people do not agree on"}, {"start": "00:57:00", "end": "00:57:02", "text": "the gold thing at first, but it"}, {"start": "00:57:01", "end": "00:57:05", "text": "obviously was a very smart thing for"}, {"start": "00:57:02", "end": "00:57:07", "text": "them to do. Um, what do you think your"}, {"start": "00:57:05", "end": "00:57:09", "text": "father would say now to you or or how"}, {"start": "00:57:07", "end": "00:57:10", "text": "would he look at the firm? I mean, you"}, {"start": "00:57:09", "end": "00:57:12", "text": "know, this thing's grown to 200 billion"}, {"start": "00:57:10", "end": "00:57:14", "text": "in assets. You've completely diversified"}, {"start": "00:57:12", "end": "00:57:17", "text": "away from gold, although you still got"}, {"start": "00:57:14", "end": "00:57:18", "text": "half a still a big gold business. Um,"}, {"start": "00:57:17", "end": "00:57:21", "text": "and this quote about, you know, just"}, {"start": "00:57:18", "end": "00:57:22", "text": "constantly staying on top of these"}, {"start": "00:57:21", "end": "00:57:23", "text": "shifts, you guys have done a pretty good"}, {"start": "00:57:22", "end": "00:57:25", "text": "job of."}, {"start": "00:57:23", "end": "00:57:27", "text": ">> Yeah. I mean, look, these 10-year shifts"}, {"start": "00:57:25", "end": "00:57:29", "text": "are, I think, very profound. And you"}, {"start": "00:57:27", "end": "00:57:32", "text": "look how they can distort like the US"}, {"start": "00:57:29", "end": "00:57:35", "text": "equity market, the AI trade, but they're"}, {"start": "00:57:32", "end": "00:57:36", "text": "not, you know, it's not magic. And, you"}, {"start": "00:57:35", "end": "00:57:38", "text": "know, we we leaned into emerging markets"}, {"start": "00:57:36", "end": "00:57:40", "text": "as well. A lot of people did, right?"}, {"start": "00:57:38", "end": "00:57:42", "text": "They saw the rise of China. We're not"}, {"start": "00:57:40", "end": "00:57:44", "text": "alone in seeing the rise of India. Don't"}, {"start": "00:57:42", "end": "00:57:46", "text": "mean to be alone. like we're not looking"}, {"start": "00:57:44", "end": "00:57:49", "text": "to be the only people out there, right?"}, {"start": "00:57:46", "end": "00:57:51", "text": "Uh so my answer your question, my dad I"}, {"start": "00:57:49", "end": "00:57:54", "text": "think he'd totally be all in on India."}, {"start": "00:57:51", "end": "00:57:56", "text": "Um he he was well no I mean he just was"}, {"start": "00:57:54", "end": "00:57:58", "text": "he was a globalist right his parents"}, {"start": "00:57:56", "end": "00:58:01", "text": "were were European so he always thought"}, {"start": "00:57:58", "end": "00:58:03", "text": "of the world as a globe and the"}, {"start": "00:58:01", "end": "00:58:05", "text": "command's bias too Anthony you know I"}, {"start": "00:58:03", "end": "00:58:07", "text": "realize has has affected me too because"}, {"start": "00:58:05", "end": "00:58:10", "text": "all those markets are always global"}, {"start": "00:58:07", "end": "00:58:13", "text": "right um so I think India definitely um"}, {"start": "00:58:10", "end": "00:58:16", "text": "AI I don't know we never really talk"}, {"start": "00:58:13", "end": "00:58:19", "text": "technology a lot and the way I look at"}, {"start": "00:58:16", "end": "00:58:21", "text": "the world now technology really is is an"}, {"start": "00:58:19", "end": "00:58:23", "text": "important trend for industries"}, {"start": "00:58:21", "end": "00:58:25", "text": "Uh, and he would definitely be worried"}, {"start": "00:58:23", "end": "00:58:27", "text": "about government spending. You know, he"}, {"start": "00:58:25", "end": "00:58:28", "text": "would definitely be worried about that."}, {"start": "00:58:27", "end": "00:58:30", "text": ">> I feel like that is like seared into the"}, {"start": "00:58:28", "end": "00:58:31", "text": "family lineage is the government"}, {"start": "00:58:30", "end": "00:58:33", "text": "spending is a problem."}, {"start": "00:58:31", "end": "00:58:36", "text": ">> Well, but it isn't all the time, right?"}, {"start": "00:58:33", "end": "00:58:38", "text": "It's not all the time. But, uh, we we"}, {"start": "00:58:36", "end": "00:58:40", "text": "went nuts relative to other countries"}, {"start": "00:58:38", "end": "00:58:42", "text": "during COVID. We went berserk"}, {"start": "00:58:40", "end": "00:58:44", "text": ">> and um and I think there were no"}, {"start": "00:58:42", "end": "00:58:47", "text": "consequences to our markets"}, {"start": "00:58:44", "end": "00:58:50", "text": ">> and that's why we have continued to be"}, {"start": "00:58:47", "end": "00:58:51", "text": "really irresponsible and we'll see um if"}, {"start": "00:58:50", "end": "00:58:52", "text": "we get there."}, {"start": "00:58:51", "end": "00:58:54", "text": ">> All right. Working with some people to"}, {"start": "00:58:52", "end": "00:58:57", "text": "find out more about Vanek."}, {"start": "00:58:54", "end": "00:58:59", "text": ">> Uh van.com, yanvan number three on"}, {"start": "00:58:57", "end": "00:59:00", "text": "Twitter and then LinkedIn. You know, try"}, {"start": "00:58:59", "end": "00:59:02", "text": "to share my favorite pods."}, {"start": "00:59:00", "end": "00:59:03", "text": ">> You've been amping up the social media a"}, {"start": "00:59:02", "end": "00:59:03", "text": "little bit."}, {"start": "00:59:03", "end": "00:59:04", "text": ">> A little bit."}, {"start": "00:59:03", "end": "00:59:05", "text": ">> Yeah. You're doing a pretty good job."}, {"start": "00:59:04", "end": "00:59:06", "text": ">> Tell the story."}, {"start": "00:59:05", "end": "00:59:09", "text": ">> All right. We'll do it again in the"}, {"start": "00:59:06", "end": "00:59:09", "text": "future. Thanks."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "The mispricing today in Bitcoin is as"}, {"start": "00:00:01", "end": "00:00:05", "text": "long is as large as I've ever seen"}, {"start": "00:00:03", "end": "00:00:08", "text": "before in the model. My Bitcoin model"}, {"start": "00:00:05", "end": "00:00:10", "text": "has uh average price of Bitcoin today at"}, {"start": "00:00:08", "end": "00:00:11", "text": "134,000. And if you look at hedge fund"}, {"start": "00:00:10", "end": "00:00:15", "text": "allocations and things like that, all of"}, {"start": "00:00:11", "end": "00:00:17", "text": "the fast money has gone into tech stocks"}, {"start": "00:00:15", "end": "00:00:18", "text": "and it had to come out of somewhere. So"}, {"start": "00:00:17", "end": "00:00:20", "text": "I think we're seeing a great opportunity"}, {"start": "00:00:18", "end": "00:00:21", "text": "today in Bitcoin. The certainly the best"}, {"start": "00:00:20", "end": "00:00:23", "text": "opportunity I've seen in Bitcoin in a"}, {"start": "00:00:21", "end": "00:00:24", "text": "decade. What's going on guys? Today we"}, {"start": "00:00:23", "end": "00:00:26", "text": "have a conversation with Porter"}, {"start": "00:00:24", "end": "00:00:28", "text": "Stanberry. Porter is the founder of"}, {"start": "00:00:26", "end": "00:00:30", "text": "Stanberry Research and Porter and Co. a"}, {"start": "00:00:28", "end": "00:00:32", "text": "boutique investment research firm. In"}, {"start": "00:00:30", "end": "00:00:34", "text": "this conversation, we discuss why Porter"}, {"start": "00:00:32", "end": "00:00:36", "text": "believes the end of America as we know"}, {"start": "00:00:34", "end": "00:00:38", "text": "it will happen in 2029. What the math is"}, {"start": "00:00:36", "end": "00:00:40", "text": "to drive his beliefs. How he thinks that"}, {"start": "00:00:38", "end": "00:00:42", "text": "you should be able to navigate all the"}, {"start": "00:00:40", "end": "00:00:44", "text": "volatility. What his portfolio looks"}, {"start": "00:00:42", "end": "00:00:47", "text": "like today. Why he has so much"}, {"start": "00:00:44", "end": "00:00:48", "text": "conviction in Bitcoin, gold, timber, and"}, {"start": "00:00:47", "end": "00:00:50", "text": "many other assets that you probably"}, {"start": "00:00:48", "end": "00:00:52", "text": "don't own today. And then we get into"}, {"start": "00:00:50", "end": "00:00:54", "text": "what Porter believes is on the other"}, {"start": "00:00:52", "end": "00:00:56", "text": "side of a great reset and why he thinks"}, {"start": "00:00:54", "end": "00:00:57", "text": "that the fourth turning will actually"}, {"start": "00:00:56", "end": "00:00:59", "text": "put America in a better spot in the"}, {"start": "00:00:57", "end": "00:01:01", "text": "coming years. Here's my conversation"}, {"start": "00:00:59", "end": "00:01:02", "text": "with Porter Stansbury. Porter, you"}, {"start": "00:01:01", "end": "00:01:04", "text": "believe that we're in the fourth"}, {"start": "00:01:02", "end": "00:01:05", "text": "turning. Can you explain that concept"}, {"start": "00:01:04", "end": "00:01:08", "text": "and why you think it applies to America"}, {"start": "00:01:05", "end": "00:01:10", "text": "today? Yeah. So, the fourth turning was"}, {"start": "00:01:08", "end": "00:01:12", "text": "um sort of a theory of history that"}, {"start": "00:01:10", "end": "00:01:14", "text": "these two scholars first put forward in"}, {"start": "00:01:12", "end": "00:01:16", "text": "the 1980s."}, {"start": "00:01:14", "end": "00:01:19", "text": "And it it's kind of evolved, but it"}, {"start": "00:01:16", "end": "00:01:21", "text": "basically boils down to the fact that"}, {"start": "00:01:19", "end": "00:01:25", "text": "all of human history rolls in 80ear"}, {"start": "00:01:21", "end": "00:01:29", "text": "cycles because that is the sort of the"}, {"start": "00:01:25", "end": "00:01:32", "text": "the the longest normal human lifespan."}, {"start": "00:01:29", "end": "00:01:33", "text": "And the idea is that"}, {"start": "00:01:32", "end": "00:01:38", "text": "over the course of of a person's"}, {"start": "00:01:33", "end": "00:01:41", "text": "lifetime um the things that they believe"}, {"start": "00:01:38", "end": "00:01:44", "text": "evolve, reach maturity and then fade."}, {"start": "00:01:41", "end": "00:01:46", "text": "And so if you look at uh the like the"}, {"start": "00:01:44", "end": "00:01:48", "text": "history of the United States, uh the"}, {"start": "00:01:46", "end": "00:01:50", "text": "revolutionary periods come once every 80"}, {"start": "00:01:48", "end": "00:01:51", "text": "years. If you go and you back and you"}, {"start": "00:01:50", "end": "00:01:54", "text": "and you study Roman history, same"}, {"start": "00:01:51", "end": "00:01:57", "text": "things. Uh human beings, uh human"}, {"start": "00:01:54", "end": "00:01:58", "text": "culture, human history all follows this"}, {"start": "00:01:57", "end": "00:02:03", "text": "80year cycle."}, {"start": "00:01:58", "end": "00:02:05", "text": "And they first um the u let's see there"}, {"start": "00:02:03", "end": "00:02:07", "text": "Neil and uh"}, {"start": "00:02:05", "end": "00:02:10", "text": ">> Neil Strauss and uh and Hal their book"}, {"start": "00:02:07", "end": "00:02:12", "text": "um was called the fourth turning but the"}, {"start": "00:02:10", "end": "00:02:14", "text": "first one was called generations and"}, {"start": "00:02:12", "end": "00:02:17", "text": "then and the fourth turning they they"}, {"start": "00:02:14", "end": "00:02:19", "text": "theorized that America would go through"}, {"start": "00:02:17", "end": "00:02:22", "text": "a fourth turning that would begin and"}, {"start": "00:02:19", "end": "00:02:25", "text": "around the year 2000 and these fourth"}, {"start": "00:02:22", "end": "00:02:28", "text": "turnings typically take 20 years and so"}, {"start": "00:02:25", "end": "00:02:30", "text": "we're we've been in this process and if"}, {"start": "00:02:28", "end": "00:02:32", "text": "If you think about what happened at CO,"}, {"start": "00:02:30", "end": "00:02:33", "text": "if you think about what happened at the"}, {"start": "00:02:32", "end": "00:02:35", "text": "GFC, and if you think about what"}, {"start": "00:02:33", "end": "00:02:36", "text": "happened in the internet revolution,"}, {"start": "00:02:35", "end": "00:02:39", "text": "we've definitely lived through about a"}, {"start": "00:02:36", "end": "00:02:41", "text": "20-year period of tremendous dynamic"}, {"start": "00:02:39", "end": "00:02:44", "text": "change. And unfortunately, these fourth"}, {"start": "00:02:41", "end": "00:02:48", "text": "turnings tend to end in a ultimate"}, {"start": "00:02:44", "end": "00:02:50", "text": "crisis where everything gets reset. And"}, {"start": "00:02:48", "end": "00:02:53", "text": "so I kind of put that idea together with"}, {"start": "00:02:50", "end": "00:02:55", "text": "what I see happening in finance and"}, {"start": "00:02:53", "end": "00:02:57", "text": "particularly with the deteriorating"}, {"start": "00:02:55", "end": "00:02:59", "text": "financial position of the US Treasury."}, {"start": "00:02:57", "end": "00:03:00", "text": "And it just occurs to me that all the"}, {"start": "00:02:59", "end": "00:03:03", "text": "western democracies are going to need a"}, {"start": "00:03:00", "end": "00:03:05", "text": "massive monetary reset because we can't"}, {"start": "00:03:03", "end": "00:03:06", "text": "afford all the promises that we've made."}, {"start": "00:03:05", "end": "00:03:08", "text": "And and if you look at it closely, we"}, {"start": "00:03:06", "end": "00:03:10", "text": "can't even really afford the debt we"}, {"start": "00:03:08", "end": "00:03:11", "text": "have now. And so I think that that's"}, {"start": "00:03:10", "end": "00:03:13", "text": "what's going to happen. We're going to"}, {"start": "00:03:11", "end": "00:03:16", "text": "the this this fourth turning is going to"}, {"start": "00:03:13", "end": "00:03:20", "text": "evolve and then ultimately culminate in"}, {"start": "00:03:16", "end": "00:03:22", "text": "a giant uh global financial monetary"}, {"start": "00:03:20", "end": "00:03:24", "text": "reset. And that's what the book is. So"}, {"start": "00:03:22", "end": "00:03:26", "text": "the idea here is the fourth turning is"}, {"start": "00:03:24", "end": "00:03:28", "text": "really a social, economic, and political"}, {"start": "00:03:26", "end": "00:03:30", "text": "kind of these trends come together and"}, {"start": "00:03:28", "end": "00:03:32", "text": "create this scenario. And you obviously"}, {"start": "00:03:30", "end": "00:03:34", "text": "described a number of crises that we've"}, {"start": "00:03:32", "end": "00:03:36", "text": "had. I think that there are a bunch of"}, {"start": "00:03:34", "end": "00:03:38", "text": "folks who will show, oh, wait a second."}, {"start": "00:03:36", "end": "00:03:39", "text": "Uh we've navigated those well in their"}, {"start": "00:03:38", "end": "00:03:41", "text": "mind, right? They they'll claim that we"}, {"start": "00:03:39", "end": "00:03:42", "text": "we actually got through those and and so"}, {"start": "00:03:41", "end": "00:03:44", "text": "therefore they're not actually"}, {"start": "00:03:42", "end": "00:03:46", "text": "contributing to any sort of issue. Uh"}, {"start": "00:03:44", "end": "00:03:49", "text": "you have specifically identified 2029,"}, {"start": "00:03:46", "end": "00:03:50", "text": "the year 2029, uh as the year that the"}, {"start": "00:03:49", "end": "00:03:52", "text": "end of America as we know it. and you"}, {"start": "00:03:50", "end": "00:03:53", "text": "recently published a book under the"}, {"start": "00:03:52", "end": "00:03:56", "text": "name. I I spent the weekend reading that"}, {"start": "00:03:53", "end": "00:03:59", "text": "book. Um and you lay out a pretty strong"}, {"start": "00:03:56", "end": "00:04:01", "text": "mathematical argument as to why 2029 is"}, {"start": "00:03:59", "end": "00:04:03", "text": "that great reset. Can you just walk us"}, {"start": "00:04:01", "end": "00:04:04", "text": "through the math and and why 2029 is"}, {"start": "00:04:03", "end": "00:04:07", "text": "that year?"}, {"start": "00:04:04", "end": "00:04:10", "text": ">> Yeah, it's really simple. I um if you"}, {"start": "00:04:07", "end": "00:04:13", "text": "think about it, uh the the peak of the"}, {"start": "00:04:10", "end": "00:04:16", "text": "stock market in early 2000 was really"}, {"start": "00:04:13", "end": "00:04:20", "text": "the peak of the postwar"}, {"start": "00:04:16", "end": "00:04:24", "text": "American social and economic order. The"}, {"start": "00:04:20", "end": "00:04:27", "text": "price of gold at that point was under"}, {"start": "00:04:24", "end": "00:04:29", "text": "$300 an ounce and the Financial Times"}, {"start": "00:04:27", "end": "00:04:31", "text": "was calling it a barbaric relic and"}, {"start": "00:04:29", "end": "00:04:37", "text": "saying that it would play no further"}, {"start": "00:04:31", "end": "00:04:37", "text": "role in in the economy. And"}, {"start": "00:04:38", "end": "00:04:44", "text": "if you if you measure the value of say"}, {"start": "00:04:41", "end": "00:04:46", "text": "the Dow Jones Industrial or the S&P 500"}, {"start": "00:04:44", "end": "00:04:50", "text": "in terms of ounces of gold, that was the"}, {"start": "00:04:46", "end": "00:04:53", "text": "peak of our financial wealth. And since"}, {"start": "00:04:50", "end": "00:04:55", "text": "then, it has been in decline. And of"}, {"start": "00:04:53", "end": "00:04:59", "text": "course, now gold was recently trading"}, {"start": "00:04:55", "end": "00:05:02", "text": "around $5,000 an ounce. Um, and so"}, {"start": "00:04:59", "end": "00:05:04", "text": "people have become to believe that their"}, {"start": "00:05:02", "end": "00:05:08", "text": "wealth is measured in a currency, the"}, {"start": "00:05:04", "end": "00:05:10", "text": "dollar or the yen or the euro. But, but"}, {"start": "00:05:08", "end": "00:05:11", "text": "if you really measure your wealth in"}, {"start": "00:05:10", "end": "00:05:14", "text": "money, if you measure your wealth in"}, {"start": "00:05:11", "end": "00:05:17", "text": "gold, we've all gotten much poorer. And"}, {"start": "00:05:14", "end": "00:05:20", "text": "that is because the western financial"}, {"start": "00:05:17", "end": "00:05:23", "text": "system is failing. The currencies do not"}, {"start": "00:05:20", "end": "00:05:26", "text": "keep pace with growth to productivity."}, {"start": "00:05:23", "end": "00:05:29", "text": "And as a result, people's after tax real"}, {"start": "00:05:26", "end": "00:05:31", "text": "wages have continued to fall. So while"}, {"start": "00:05:29", "end": "00:05:34", "text": "company owners and tech titans have"}, {"start": "00:05:31", "end": "00:05:36", "text": "become vastly wealthier, the average"}, {"start": "00:05:34", "end": "00:05:38", "text": "American, the average Britain, the"}, {"start": "00:05:36", "end": "00:05:41", "text": "average Japanese person has actually"}, {"start": "00:05:38", "end": "00:05:43", "text": "seen their way of life and their wealth"}, {"start": "00:05:41", "end": "00:05:47", "text": "substantially decline."}, {"start": "00:05:43", "end": "00:05:50", "text": "And so that those two factors have to"}, {"start": "00:05:47", "end": "00:05:52", "text": "come to an end at some point. At some"}, {"start": "00:05:50", "end": "00:05:55", "text": "point, the average American is going to"}, {"start": "00:05:52", "end": "00:05:57", "text": "go, \"Fuck this. I'm now working two"}, {"start": "00:05:55", "end": "00:05:59", "text": "jobs. I'm paying more taxes than ever,"}, {"start": "00:05:57", "end": "00:06:01", "text": "and my life keeps getting worse and"}, {"start": "00:05:59", "end": "00:06:03", "text": "worse and worse, and I don't understand"}, {"start": "00:06:01", "end": "00:06:06", "text": "why.\" And if you look at everything"}, {"start": "00:06:03", "end": "00:06:08", "text": "we've seen since the GFC, the the not"}, {"start": "00:06:06", "end": "00:06:10", "text": "just the Black Lives Matter movement,"}, {"start": "00:06:08", "end": "00:06:13", "text": "but the um the Occupy Wall Street"}, {"start": "00:06:10", "end": "00:06:15", "text": "movement, if you look at the absolute"}, {"start": "00:06:13", "end": "00:06:18", "text": "growing"}, {"start": "00:06:15", "end": "00:06:21", "text": "disaection of people under the age of"}, {"start": "00:06:18", "end": "00:06:23", "text": "40, if you look at the age at which"}, {"start": "00:06:21", "end": "00:06:24", "text": "people have been able to start families,"}, {"start": "00:06:23", "end": "00:06:26", "text": "the age of which people have been able"}, {"start": "00:06:24", "end": "00:06:29", "text": "to buy their first homes, all of this"}, {"start": "00:06:26", "end": "00:06:32", "text": "shows a economy, a culture, a way of"}, {"start": "00:06:29", "end": "00:06:34", "text": "life that's falling apart. And I first"}, {"start": "00:06:32", "end": "00:06:36", "text": "predicted this back in 2011 when I wrote"}, {"start": "00:06:34", "end": "00:06:39", "text": "the first edition of the end of America"}, {"start": "00:06:36", "end": "00:06:42", "text": "book. And what I said was that the that"}, {"start": "00:06:39", "end": "00:06:43", "text": "we had begun to paper over the problems"}, {"start": "00:06:42", "end": "00:06:46", "text": "in our economy instead of dealing with"}, {"start": "00:06:43", "end": "00:06:48", "text": "them would lead to a debasement of our"}, {"start": "00:06:46", "end": "00:06:49", "text": "currency which we've seen. But more"}, {"start": "00:06:48", "end": "00:06:51", "text": "importantly, it would lead to a"}, {"start": "00:06:49", "end": "00:06:53", "text": "debasement of our culture, a debasement"}, {"start": "00:06:51", "end": "00:06:55", "text": "of our society. And I said you'd see"}, {"start": "00:06:53", "end": "00:06:58", "text": "three things in particular that would"}, {"start": "00:06:55", "end": "00:07:00", "text": "mark this. You'd see a huge increase in"}, {"start": "00:06:58", "end": "00:07:03", "text": "deaths of despair. So, what is the"}, {"start": "00:07:00", "end": "00:07:06", "text": "leading cause of death of men 18 to 34"}, {"start": "00:07:03", "end": "00:07:08", "text": "years old today? It's fentanyl. Okay. I"}, {"start": "00:07:06", "end": "00:07:11", "text": "said I said you'd see a huge increase in"}, {"start": "00:07:08", "end": "00:07:13", "text": "gambling as people would lose the"}, {"start": "00:07:11", "end": "00:07:15", "text": "ability to earn money through normal"}, {"start": "00:07:13", "end": "00:07:17", "text": "commerce and instead would begin to take"}, {"start": "00:07:15", "end": "00:07:18", "text": "enormous financial risks because they"}, {"start": "00:07:17", "end": "00:07:20", "text": "don't care about losing the money"}, {"start": "00:07:18", "end": "00:07:22", "text": "because it's not worth anything. And so,"}, {"start": "00:07:20", "end": "00:07:24", "text": "what's happened? We now have a casino in"}, {"start": "00:07:22", "end": "00:07:26", "text": "everyone's pocket. and look at the"}, {"start": "00:07:24", "end": "00:07:28", "text": "revenues from online gaming and from"}, {"start": "00:07:26", "end": "00:07:30", "text": "other kinds of gambling and from things"}, {"start": "00:07:28", "end": "00:07:32", "text": "like crypto which is really in my"}, {"start": "00:07:30", "end": "00:07:34", "text": "opinion and a lot of times just another"}, {"start": "00:07:32", "end": "00:07:36", "text": "form of gambling. Okay. And then then"}, {"start": "00:07:34", "end": "00:07:39", "text": "the one that's most tragic is I said you"}, {"start": "00:07:36", "end": "00:07:42", "text": "would see a huge rise in prostitution"}, {"start": "00:07:39", "end": "00:07:43", "text": "and prostitution always goes handinhand"}, {"start": "00:07:42", "end": "00:07:46", "text": "with collapsing cultures and collapsing"}, {"start": "00:07:43", "end": "00:07:49", "text": "economies. It's their oldest profession"}, {"start": "00:07:46", "end": "00:07:52", "text": "of humanity. But we should not have one"}, {"start": "00:07:49", "end": "00:07:54", "text": "in 10 American college females with"}, {"start": "00:07:52", "end": "00:07:57", "text": "accounts on Only Fans."}, {"start": "00:07:54", "end": "00:08:00", "text": ">> That's crazy. That's true. It's It's"}, {"start": "00:07:57", "end": "00:08:04", "text": "frightening. And And a lot of people"}, {"start": "00:08:00", "end": "00:08:05", "text": "don't see this yet because as the Trump"}, {"start": "00:08:04", "end": "00:08:07", "text": "administration likes to say, stock"}, {"start": "00:08:05", "end": "00:08:09", "text": "market's at a new high. Well, stock"}, {"start": "00:08:07", "end": "00:08:11", "text": "market is denominated in dollars that"}, {"start": "00:08:09", "end": "00:08:14", "text": "they keep printing. It's not a fair"}, {"start": "00:08:11", "end": "00:08:16", "text": "measure of our wealth or our success. So"}, {"start": "00:08:14", "end": "00:08:18", "text": "if you look at all these factors,"}, {"start": "00:08:16", "end": "00:08:21", "text": "they're all going to come to an end. And"}, {"start": "00:08:18", "end": "00:08:24", "text": "it seems to me that in every crisis that"}, {"start": "00:08:21", "end": "00:08:25", "text": "we have, we have to print more money. It"}, {"start": "00:08:24", "end": "00:08:28", "text": "leads to more social dislocation. It"}, {"start": "00:08:25", "end": "00:08:30", "text": "causes bigger problems. And then the"}, {"start": "00:08:28", "end": "00:08:32", "text": "biggest problem of all is going to be"}, {"start": "00:08:30", "end": "00:08:34", "text": "social security. So the social security"}, {"start": "00:08:32", "end": "00:08:36", "text": "trust fund is what's responsible for"}, {"start": "00:08:34", "end": "00:08:38", "text": "paying benefits to everyone who is"}, {"start": "00:08:36", "end": "00:08:40", "text": "involved in social security and and um"}, {"start": "00:08:38", "end": "00:08:44", "text": "and Medicare."}, {"start": "00:08:40", "end": "00:08:45", "text": "that those funds will run out. They they"}, {"start": "00:08:44", "end": "00:08:47", "text": "have been running out of deficit since"}, {"start": "00:08:45", "end": "00:08:49", "text": "2010."}, {"start": "00:08:47", "end": "00:08:51", "text": "The government says they're going to run"}, {"start": "00:08:49", "end": "00:08:52", "text": "out by 3033."}, {"start": "00:08:51", "end": "00:08:56", "text": ">> 203,"}, {"start": "00:08:52", "end": "00:08:58", "text": ">> sorry, 2033. Yeah, 2033. Um, I think"}, {"start": "00:08:56", "end": "00:09:01", "text": "that's very optimistic."}, {"start": "00:08:58", "end": "00:09:04", "text": "uh if inflation is worse, if there is a"}, {"start": "00:09:01", "end": "00:09:06", "text": "collapse in employment because of AI,"}, {"start": "00:09:04", "end": "00:09:09", "text": "all these things could re could lead to"}, {"start": "00:09:06", "end": "00:09:13", "text": "a a a quicker um collapse in those funds"}, {"start": "00:09:09", "end": "00:09:16", "text": "as could simply in increasing COLA"}, {"start": "00:09:13", "end": "00:09:18", "text": "payments. So by law, social security"}, {"start": "00:09:16", "end": "00:09:21", "text": "payments have to match the government's"}, {"start": "00:09:18", "end": "00:09:24", "text": "version of inflation, which is CPI. And"}, {"start": "00:09:21", "end": "00:09:28", "text": "so my prediction is that whether social"}, {"start": "00:09:24", "end": "00:09:32", "text": "security runs out of money by 2031 or by"}, {"start": "00:09:28", "end": "00:09:35", "text": "2030, by 2029 it will be so obvious that"}, {"start": "00:09:32", "end": "00:09:38", "text": "it is going to happen that that will"}, {"start": "00:09:35", "end": "00:09:41", "text": "lead to this climactic situation where"}, {"start": "00:09:38", "end": "00:09:44", "text": "the government has to decide that it's"}, {"start": "00:09:41", "end": "00:09:46", "text": "going to default. The government cannot"}, {"start": "00:09:44", "end": "00:09:48", "text": "pay those benefits. It does not have the"}, {"start": "00:09:46", "end": "00:09:51", "text": "resources. It's impossible. And that"}, {"start": "00:09:48", "end": "00:09:54", "text": "default is going to lead to I believe a"}, {"start": "00:09:51", "end": "00:09:55", "text": "restructuring of the entire western"}, {"start": "00:09:54", "end": "00:09:58", "text": "economy."}, {"start": "00:09:55", "end": "00:10:00", "text": ">> Now when we go through that default or"}, {"start": "00:09:58", "end": "00:10:02", "text": "this great reset, uh your prediction is"}, {"start": "00:10:00", "end": "00:10:05", "text": "2029 seems to be the year. Some of that"}, {"start": "00:10:02", "end": "00:10:07", "text": "is social security, some of that is a"}, {"start": "00:10:05", "end": "00:10:09", "text": "number of other um kind of metrics that"}, {"start": "00:10:07", "end": "00:10:10", "text": "are all lining up. What is a great reset"}, {"start": "00:10:09", "end": "00:10:11", "text": "or monetary default to the United States"}, {"start": "00:10:10", "end": "00:10:14", "text": "look like?"}, {"start": "00:10:11", "end": "00:10:17", "text": ">> Well, we've had them before."}, {"start": "00:10:14", "end": "00:10:19", "text": "The the two that are most recent was in"}, {"start": "00:10:17", "end": "00:10:21", "text": "1933."}, {"start": "00:10:19", "end": "00:10:23", "text": "Uh the government went broke because of"}, {"start": "00:10:21", "end": "00:10:24", "text": "the great depression and most"}, {"start": "00:10:23", "end": "00:10:26", "text": "particularly because of the Smoot Holly"}, {"start": "00:10:24", "end": "00:10:29", "text": "tariffs which really destroyed the"}, {"start": "00:10:26", "end": "00:10:30", "text": "global financial order. Nobody was able"}, {"start": "00:10:29", "end": "00:10:32", "text": "to earn dollars anymore because of the"}, {"start": "00:10:30", "end": "00:10:34", "text": "the size of the tariffs and so all the"}, {"start": "00:10:32", "end": "00:10:36", "text": "banks that owed dollars defaulted and it"}, {"start": "00:10:34", "end": "00:10:38", "text": "set off a chain reaction that people"}, {"start": "00:10:36", "end": "00:10:41", "text": "have studied for a long time. And how"}, {"start": "00:10:38", "end": "00:10:43", "text": "the government reset the economy was"}, {"start": "00:10:41", "end": "00:10:45", "text": "they seized all the gold in the country."}, {"start": "00:10:43", "end": "00:10:47", "text": "They stole it. They stole all the money"}, {"start": "00:10:45", "end": "00:10:50", "text": "they needed to pay their bills. And then"}, {"start": "00:10:47", "end": "00:10:51", "text": "they reordered the economy so that the"}, {"start": "00:10:50", "end": "00:10:54", "text": "government was sort of the central"}, {"start": "00:10:51", "end": "00:10:56", "text": "economic actor going forward."}, {"start": "00:10:54", "end": "00:10:59", "text": "In 1971,"}, {"start": "00:10:56", "end": "00:11:01", "text": "the same thing happened. Uh and the the"}, {"start": "00:10:59", "end": "00:11:03", "text": "details are in the book. It's really"}, {"start": "00:11:01", "end": "00:11:05", "text": "extraordinary"}, {"start": "00:11:03", "end": "00:11:10", "text": "uh how fast the government went broke"}, {"start": "00:11:05", "end": "00:11:11", "text": "between about 1965 and 1971. And as a"}, {"start": "00:11:10", "end": "00:11:13", "text": "result, our foreign creditors were"}, {"start": "00:11:11", "end": "00:11:17", "text": "demanding payment in gold for for all of"}, {"start": "00:11:13", "end": "00:11:20", "text": "their uh trade receipts. And so uh"}, {"start": "00:11:17", "end": "00:11:21", "text": "that's when Nixon uh defaulted. He said,"}, {"start": "00:11:20", "end": "00:11:22", "text": "\"We're not going to pay you what we"}, {"start": "00:11:21", "end": "00:11:23", "text": "promised we would pay you. Instead,"}, {"start": "00:11:22", "end": "00:11:25", "text": "we're going to print dollars and pay you"}, {"start": "00:11:23", "end": "00:11:28", "text": "in dollars.\" And that of course set off"}, {"start": "00:11:25", "end": "00:11:31", "text": "a huge inflation in the 1970s."}, {"start": "00:11:28", "end": "00:11:34", "text": "How the mon how our monetary system will"}, {"start": "00:11:31", "end": "00:11:37", "text": "be reset this time, I actually don't"}, {"start": "00:11:34", "end": "00:11:40", "text": "know. Uh what I do know is that bankrupt"}, {"start": "00:11:37", "end": "00:11:42", "text": "governments do very very bad things to"}, {"start": "00:11:40", "end": "00:11:45", "text": "their creditors. And the number one"}, {"start": "00:11:42", "end": "00:11:47", "text": "creditor of the US government today is a"}, {"start": "00:11:45", "end": "00:11:49", "text": "retiree. And so I think it's very"}, {"start": "00:11:47", "end": "00:11:51", "text": "important that Americans, especially if"}, {"start": "00:11:49", "end": "00:11:53", "text": "they're in retirement or near"}, {"start": "00:11:51", "end": "00:11:55", "text": "retirement, really understand what the"}, {"start": "00:11:53", "end": "00:11:57", "text": "government owes them and the"}, {"start": "00:11:55", "end": "00:11:59", "text": "government's inability to pay. And it's"}, {"start": "00:11:57", "end": "00:12:02", "text": "so easy for people to say, \"Porter"}, {"start": "00:11:59", "end": "00:12:03", "text": "Stanberry is crazy. Doesn't he know the"}, {"start": "00:12:02", "end": "00:12:05", "text": "government will never default because"}, {"start": "00:12:03", "end": "00:12:06", "text": "they can always just print the money?"}, {"start": "00:12:05", "end": "00:12:09", "text": "Well, those people have not studied the"}, {"start": "00:12:06", "end": "00:12:12", "text": "law. They don't understand how COLA"}, {"start": "00:12:09", "end": "00:12:13", "text": "adjustments work. The government cannot"}, {"start": "00:12:12", "end": "00:12:15", "text": "print the money because that will just"}, {"start": "00:12:13", "end": "00:12:17", "text": "lead to more inflation which will lead"}, {"start": "00:12:15", "end": "00:12:19", "text": "to higher payments and higher interest"}, {"start": "00:12:17", "end": "00:12:21", "text": "payments. That's a doom loop. That will"}, {"start": "00:12:19", "end": "00:12:23", "text": "not work. And that will become very"}, {"start": "00:12:21", "end": "00:12:26", "text": "obvious in the next several years. And"}, {"start": "00:12:23", "end": "00:12:28", "text": "by the time 2029 arrives, it will be an"}, {"start": "00:12:26", "end": "00:12:31", "text": "inescapable reality. And so then the"}, {"start": "00:12:28", "end": "00:12:34", "text": "question is how do we reset the world?"}, {"start": "00:12:31", "end": "00:12:37", "text": "We can't all live off the government."}, {"start": "00:12:34", "end": "00:12:40", "text": "The government, if you look at it today,"}, {"start": "00:12:37", "end": "00:12:44", "text": "Anthony, the government is in direct"}, {"start": "00:12:40", "end": "00:12:46", "text": "control of about 60% of our entire"}, {"start": "00:12:44", "end": "00:12:50", "text": "economy."}, {"start": "00:12:46", "end": "00:12:52", "text": "So that's uh federal, state, local"}, {"start": "00:12:50", "end": "00:12:56", "text": "spending plus all of the direct"}, {"start": "00:12:52", "end": "00:12:58", "text": "regulated uh medical expenses. That's"}, {"start": "00:12:56", "end": "00:13:00", "text": "way too much."}, {"start": "00:12:58", "end": "00:13:02", "text": "Nobody can afford that."}, {"start": "00:13:00", "end": "00:13:04", "text": ">> I saw you and Peter Schiff both agreeing"}, {"start": "00:13:02", "end": "00:13:07", "text": "on this idea of we have uh two political"}, {"start": "00:13:04", "end": "00:13:09", "text": "parties in this country. Uh the Democrat"}, {"start": "00:13:07", "end": "00:13:11", "text": "party and then we have Republicans but"}, {"start": "00:13:09", "end": "00:13:12", "text": "the Republicans uh you guys were talking"}, {"start": "00:13:11", "end": "00:13:14", "text": "about how they are Republicans in name"}, {"start": "00:13:12", "end": "00:13:17", "text": "only. We essentially have two versions"}, {"start": "00:13:14", "end": "00:13:19", "text": "of Democrat party which is two parties"}, {"start": "00:13:17", "end": "00:13:21", "text": "that believe in big government just"}, {"start": "00:13:19", "end": "00:13:23", "text": "different forms of socialism that they"}, {"start": "00:13:21", "end": "00:13:25", "text": "both are pursuing. Can you describe a"}, {"start": "00:13:23", "end": "00:13:27", "text": "little bit in terms of regardless of"}, {"start": "00:13:25", "end": "00:13:28", "text": "which political party is in office, it"}, {"start": "00:13:27", "end": "00:13:30", "text": "sounds like you still believe that this"}, {"start": "00:13:28", "end": "00:13:32", "text": "is uh kind of the end state of America"}, {"start": "00:13:30", "end": "00:13:35", "text": "regardless of who's in power?"}, {"start": "00:13:32", "end": "00:13:36", "text": ">> Sure. So just look at the size of"}, {"start": "00:13:35", "end": "00:13:38", "text": "government. It doesn't matter who's in"}, {"start": "00:13:36", "end": "00:13:40", "text": "power. The size of government always"}, {"start": "00:13:38", "end": "00:13:42", "text": "grows. It's it's more and more spending"}, {"start": "00:13:40", "end": "00:13:45", "text": "and it is a larger and larger section of"}, {"start": "00:13:42", "end": "00:13:47", "text": "our G our GDP. So there hasn't been"}, {"start": "00:13:45", "end": "00:13:49", "text": "anyone there hasn't been either party"}, {"start": "00:13:47", "end": "00:13:51", "text": "that has been for actually draining the"}, {"start": "00:13:49", "end": "00:13:53", "text": "swamp or for actually restructuring the"}, {"start": "00:13:51", "end": "00:13:56", "text": "government. Even Ronald Reagan who"}, {"start": "00:13:53", "end": "00:13:58", "text": "talked a beautiful game. The size of the"}, {"start": "00:13:56", "end": "00:14:00", "text": "government still grew. And the reality"}, {"start": "00:13:58", "end": "00:14:02", "text": "is is that the American people want more"}, {"start": "00:14:00", "end": "00:14:03", "text": "government and and it's not hard to"}, {"start": "00:14:02", "end": "00:14:05", "text": "understand why. Look at who pays for"}, {"start": "00:14:03", "end": "00:14:06", "text": "government. The people who pay for"}, {"start": "00:14:05", "end": "00:14:08", "text": "government is a very small section of"}, {"start": "00:14:06", "end": "00:14:10", "text": "the of the population. The people who re"}, {"start": "00:14:08", "end": "00:14:11", "text": "receive net benefits from the government"}, {"start": "00:14:10", "end": "00:14:12", "text": "is a very large segment of the"}, {"start": "00:14:11", "end": "00:14:14", "text": "population. Well, they're going to win"}, {"start": "00:14:12", "end": "00:14:18", "text": "every vote. The trouble is, of course,"}, {"start": "00:14:14", "end": "00:14:20", "text": "is that that doesn't scale. Um, there"}, {"start": "00:14:18", "end": "00:14:23", "text": "was a great comedian, uh, British guy"}, {"start": "00:14:20", "end": "00:14:27", "text": "who said, you know, we're all communists"}, {"start": "00:14:23", "end": "00:14:28", "text": "and our families, right? We we all we"}, {"start": "00:14:27", "end": "00:14:30", "text": "all will do whatever we can for our"}, {"start": "00:14:28", "end": "00:14:32", "text": "children, right? To each according to"}, {"start": "00:14:30", "end": "00:14:34", "text": "their needs and from each according to"}, {"start": "00:14:32", "end": "00:14:36", "text": "their abilities. Works great in your n"}, {"start": "00:14:34", "end": "00:14:38", "text": "and your family. It might even work,"}, {"start": "00:14:36", "end": "00:14:40", "text": "okay? You might be a socialist when it"}, {"start": "00:14:38", "end": "00:14:41", "text": "comes to your neighborhood. You might be"}, {"start": "00:14:40", "end": "00:14:44", "text": "willing to mow your neighbor's lawn for"}, {"start": "00:14:41", "end": "00:14:45", "text": "a week while he's sick because it it"}, {"start": "00:14:44", "end": "00:14:47", "text": "affects your property value, affects"}, {"start": "00:14:45", "end": "00:14:48", "text": "your quality of life. Most neighbors are"}, {"start": "00:14:47", "end": "00:14:50", "text": "happy to roll in their their their"}, {"start": "00:14:48", "end": "00:14:51", "text": "neighbors uh garbage cans and things"}, {"start": "00:14:50", "end": "00:14:54", "text": "like that. When they're sick, we take"}, {"start": "00:14:51", "end": "00:14:58", "text": "them food. Socialism works great in a"}, {"start": "00:14:54", "end": "00:14:59", "text": "community doesn't scale, right? Uh you"}, {"start": "00:14:58", "end": "00:15:02", "text": "take those same principles and you apply"}, {"start": "00:14:59", "end": "00:15:05", "text": "them across a very complex large economy"}, {"start": "00:15:02", "end": "00:15:08", "text": "and it always fails. And I don't think"}, {"start": "00:15:05", "end": "00:15:11", "text": "that many people realize how socialistic"}, {"start": "00:15:08", "end": "00:15:14", "text": "America has become. Um mo most of the"}, {"start": "00:15:11", "end": "00:15:16", "text": "most of the people in the United States"}, {"start": "00:15:14", "end": "00:15:18", "text": "are receiving substantial government"}, {"start": "00:15:16", "end": "00:15:19", "text": "benefits and they're being paid for by"}, {"start": "00:15:18", "end": "00:15:21", "text": "the very few."}, {"start": "00:15:19", "end": "00:15:23", "text": ">> What I find interesting is uh in recent"}, {"start": "00:15:21", "end": "00:15:25", "text": "couple of weeks, we've seen Jamie"}, {"start": "00:15:23", "end": "00:15:27", "text": "Diamond, we've seen Ken Griffin, uh Jeff"}, {"start": "00:15:25", "end": "00:15:29", "text": "Bezos, they've all come out and said"}, {"start": "00:15:27", "end": "00:15:30", "text": "some commentary about taxes and"}, {"start": "00:15:29", "end": "00:15:33", "text": "government spending. And usually these"}, {"start": "00:15:30", "end": "00:15:34", "text": "guys are very well media trained. they"}, {"start": "00:15:33", "end": "00:15:36", "text": "don't really talk about this stuff"}, {"start": "00:15:34", "end": "00:15:38", "text": "because they understand it's kind of a"}, {"start": "00:15:36", "end": "00:15:41", "text": "hot button issue and they'll get"}, {"start": "00:15:38", "end": "00:15:44", "text": "backlash. But um I think that the"}, {"start": "00:15:41", "end": "00:15:46", "text": "general talk track has been I actually"}, {"start": "00:15:44", "end": "00:15:47", "text": "don't mind paying more taxes if I knew"}, {"start": "00:15:46", "end": "00:15:49", "text": "that it was going to help people. I"}, {"start": "00:15:47", "end": "00:15:51", "text": "donate a lot of money to philanthropy. I"}, {"start": "00:15:49", "end": "00:15:52", "text": "actually try my best to help a lot of"}, {"start": "00:15:51", "end": "00:15:54", "text": "folks either through my business and the"}, {"start": "00:15:52", "end": "00:15:56", "text": "way we employ people and pay them or in"}, {"start": "00:15:54", "end": "00:15:58", "text": "things I do from a social perspective."}, {"start": "00:15:56", "end": "00:15:59", "text": "But actually the problem with paying"}, {"start": "00:15:58", "end": "00:16:01", "text": "more taxes is you're just sending more"}, {"start": "00:15:59", "end": "00:16:03", "text": "money to Washington. And so you see"}, {"start": "00:16:01", "end": "00:16:05", "text": "wealthy people talking about my dollars"}, {"start": "00:16:03", "end": "00:16:07", "text": "are being, you know, misappropriated in"}, {"start": "00:16:05", "end": "00:16:09", "text": "Washington. Even to the point where Jeff"}, {"start": "00:16:07", "end": "00:16:11", "text": "Bezos is talking about the bottom 50% of"}, {"start": "00:16:09", "end": "00:16:12", "text": "Americans who are responsible for about"}, {"start": "00:16:11", "end": "00:16:14", "text": "3% of the federal budget. He's saying,"}, {"start": "00:16:12", "end": "00:16:15", "text": "why are we even asking them to pay"}, {"start": "00:16:14", "end": "00:16:18", "text": "anything at all? Just go no income tax"}, {"start": "00:16:15", "end": "00:16:20", "text": "whatsoever for the bottom 50%. How does"}, {"start": "00:16:18", "end": "00:16:21", "text": "that play into your world view? Well,"}, {"start": "00:16:20", "end": "00:16:24", "text": "this is a, you know, sort of a much"}, {"start": "00:16:21", "end": "00:16:26", "text": "broader discussion and I can get into"}, {"start": "00:16:24", "end": "00:16:28", "text": "the the economics of why it doesn't"}, {"start": "00:16:26", "end": "00:16:30", "text": "work, but I'd rather just ask people to"}, {"start": "00:16:28", "end": "00:16:32", "text": "look at their daily experience. Have do"}, {"start": "00:16:30", "end": "00:16:35", "text": "you do anything where you interface with"}, {"start": "00:16:32", "end": "00:16:37", "text": "a government agency of any kind that is"}, {"start": "00:16:35", "end": "00:16:39", "text": "a good experience? The answer is of"}, {"start": "00:16:37", "end": "00:16:41", "text": "course not. Right? The worst thing you"}, {"start": "00:16:39", "end": "00:16:43", "text": "have to do as American is go to the DMV"}, {"start": "00:16:41", "end": "00:16:45", "text": "every five or seven or 10 years and get"}, {"start": "00:16:43", "end": "00:16:48", "text": "a driver's license. It's the most It's"}, {"start": "00:16:45", "end": "00:16:50", "text": "the most humiliation ritual that exists"}, {"start": "00:16:48", "end": "00:16:52", "text": "in our in our society. Everything the"}, {"start": "00:16:50", "end": "00:16:55", "text": "government does sucks. Every single"}, {"start": "00:16:52", "end": "00:16:58", "text": "thing. Amtrak has a monopoly on East"}, {"start": "00:16:55", "end": "00:17:01", "text": "Coast train travel, right? It's"}, {"start": "00:16:58", "end": "00:17:03", "text": "ridiculous. If most Americans have never"}, {"start": "00:17:01", "end": "00:17:06", "text": "been on a train because what Amtrak runs"}, {"start": "00:17:03", "end": "00:17:08", "text": "is garbage cans and they still lose"}, {"start": "00:17:06", "end": "00:17:10", "text": "billions of dollars a year. There is no"}, {"start": "00:17:08", "end": "00:17:12", "text": "government solution that works. There is"}, {"start": "00:17:10", "end": "00:17:14", "text": "none. Why? So then why do we pursue"}, {"start": "00:17:12", "end": "00:17:15", "text": "government solutions? And the answer is"}, {"start": "00:17:14", "end": "00:17:17", "text": "because it's good for the people in"}, {"start": "00:17:15", "end": "00:17:19", "text": "power. It's good for the elites and it's"}, {"start": "00:17:17", "end": "00:17:22", "text": "also good for the people who don't have"}, {"start": "00:17:19", "end": "00:17:23", "text": "to pay for it. So a really shitty train"}, {"start": "00:17:22", "end": "00:17:27", "text": "is still better if you don't have to pay"}, {"start": "00:17:23", "end": "00:17:29", "text": "for it. So that's a huge problem. And"}, {"start": "00:17:27", "end": "00:17:31", "text": "you know, I think most Americans would"}, {"start": "00:17:29", "end": "00:17:35", "text": "be like, \"Yeah, we need to have some"}, {"start": "00:17:31", "end": "00:17:37", "text": "kind of a some kind of a social safety"}, {"start": "00:17:35", "end": "00:17:40", "text": "net. We need to we need to have armed"}, {"start": "00:17:37", "end": "00:17:42", "text": "forces. We need to have a secure border,"}, {"start": "00:17:40", "end": "00:17:45", "text": "you know.\" But I think most Americans"}, {"start": "00:17:42", "end": "00:17:48", "text": "would say if you've been on welfare for"}, {"start": "00:17:45", "end": "00:17:51", "text": "more than 5 years, get a [�__�] job."}, {"start": "00:17:48", "end": "00:17:53", "text": "That's ridiculous. And I think also we"}, {"start": "00:17:51", "end": "00:17:55", "text": "should say if Amtrak can't make money,"}, {"start": "00:17:53", "end": "00:17:58", "text": "then let's sell it to a business that"}, {"start": "00:17:55", "end": "00:17:59", "text": "can. And so I I just think that we're"}, {"start": "00:17:58", "end": "00:18:01", "text": "approaching a point of time,"}, {"start": "00:17:59", "end": "00:18:03", "text": "particularly with people under the age"}, {"start": "00:18:01", "end": "00:18:06", "text": "of 30, where they've had enough. They"}, {"start": "00:18:03", "end": "00:18:08", "text": "see that this is no way to live. It's no"}, {"start": "00:18:06", "end": "00:18:10", "text": "way to allocate scarce resources. It's"}, {"start": "00:18:08", "end": "00:18:12", "text": "no way to run our economy. And I think"}, {"start": "00:18:10", "end": "00:18:15", "text": "you're going to see a massive massive"}, {"start": "00:18:12", "end": "00:18:17", "text": "shift in what most Americans believe in"}, {"start": "00:18:15", "end": "00:18:18", "text": "when it comes to government there. The"}, {"start": "00:18:17", "end": "00:18:21", "text": "boomers all saw government as the"}, {"start": "00:18:18", "end": "00:18:22", "text": "solution and people under 30 all see"}, {"start": "00:18:21", "end": "00:18:24", "text": "government as the enemy."}, {"start": "00:18:22", "end": "00:18:26", "text": ">> Mhm. Now, how much of that is just"}, {"start": "00:18:24", "end": "00:18:28", "text": "because of the internet and the ability"}, {"start": "00:18:26", "end": "00:18:30", "text": "for people to communicate and kind of"}, {"start": "00:18:28", "end": "00:18:32", "text": "expose some of the nonsense going on."}, {"start": "00:18:30", "end": "00:18:34", "text": "I'm very interested in watching like a"}, {"start": "00:18:32", "end": "00:18:36", "text": "Spencer Pratt in LA, right? whether he"}, {"start": "00:18:34", "end": "00:18:38", "text": "wins as the mayor of LA or not, he is"}, {"start": "00:18:36", "end": "00:18:39", "text": "definitely taking a uh approach where"}, {"start": "00:18:38", "end": "00:18:41", "text": "he's essentially saying, \"I am not"}, {"start": "00:18:39", "end": "00:18:44", "text": "right, I am not left. I'm just common"}, {"start": "00:18:41", "end": "00:18:46", "text": "sense.\" And what I find maybe most"}, {"start": "00:18:44", "end": "00:18:48", "text": "fascinating is the group that he seems"}, {"start": "00:18:46", "end": "00:18:51", "text": "to be targeting the most are the LA"}, {"start": "00:18:48", "end": "00:18:53", "text": "moms. And the reason why I find that"}, {"start": "00:18:51", "end": "00:18:55", "text": "fascinating is because usually people"}, {"start": "00:18:53", "end": "00:18:57", "text": "would think of if you are a mother"}, {"start": "00:18:55", "end": "00:18:59", "text": "living in Los Angeles, you most likely"}, {"start": "00:18:57", "end": "00:19:01", "text": "are in the heart of a blue city and you"}, {"start": "00:18:59", "end": "00:19:03", "text": "are voting blue. Almost automatic."}, {"start": "00:19:01", "end": "00:19:05", "text": "you're not even thinking about it. But"}, {"start": "00:19:03", "end": "00:19:07", "text": "what he is essentially saying is open"}, {"start": "00:19:05", "end": "00:19:09", "text": "your eyes. You don't feel safe going to"}, {"start": "00:19:07", "end": "00:19:11", "text": "the local park. You don't think that you"}, {"start": "00:19:09", "end": "00:19:14", "text": "can afford groceries or you know name"}, {"start": "00:19:11", "end": "00:19:15", "text": "the the problem. And it seems to be"}, {"start": "00:19:14", "end": "00:19:17", "text": "resonating with people."}, {"start": "00:19:15", "end": "00:19:18", "text": ">> Can I just take a break and talk about"}, {"start": "00:19:17", "end": "00:19:19", "text": "public safety in America?"}, {"start": "00:19:18", "end": "00:19:22", "text": ">> Yes."}, {"start": "00:19:19", "end": "00:19:25", "text": ">> Is there any reason at all any actual"}, {"start": "00:19:22", "end": "00:19:27", "text": "reason the most powerful nation on earth"}, {"start": "00:19:25", "end": "00:19:29", "text": "has a crime problem?"}, {"start": "00:19:27", "end": "00:19:31", "text": ">> It's absolutely absurd. We have the"}, {"start": "00:19:29", "end": "00:19:33", "text": "ability through facial recognition,"}, {"start": "00:19:31", "end": "00:19:35", "text": "through cameras, and through police to"}, {"start": "00:19:33", "end": "00:19:37", "text": "put every single violent person in"}, {"start": "00:19:35", "end": "00:19:41", "text": "America in jail in the next 60 days. We"}, {"start": "00:19:37", "end": "00:19:43", "text": "could easily do it. Why don't we Why do"}, {"start": "00:19:41", "end": "00:19:45", "text": "we put up with it? Why do we tolerate"}, {"start": "00:19:43", "end": "00:19:47", "text": "it? It's absolutely unnecessary. I've"}, {"start": "00:19:45", "end": "00:19:50", "text": "got the best criminal justice reform"}, {"start": "00:19:47", "end": "00:19:53", "text": "idea ever. It's real simple. If you get"}, {"start": "00:19:50", "end": "00:19:55", "text": "arrested for a violent felony, now, do"}, {"start": "00:19:53", "end": "00:19:57", "text": "you know how difficult it is to actually"}, {"start": "00:19:55", "end": "00:19:59", "text": "be convicted of a violent felony? Every"}, {"start": "00:19:57", "end": "00:20:00", "text": "DA in the country is going to plead this"}, {"start": "00:19:59", "end": "00:20:02", "text": "down to a misdemeanor. They're going to"}, {"start": "00:20:00", "end": "00:20:04", "text": "let you go the first time, the second"}, {"start": "00:20:02", "end": "00:20:05", "text": "time, the third time. Okay? By my point"}, {"start": "00:20:04", "end": "00:20:07", "text": "is, by the time you've actually been"}, {"start": "00:20:05", "end": "00:20:08", "text": "arrested for a violent felon, for a"}, {"start": "00:20:07", "end": "00:20:10", "text": "violent felony, you've been a you've"}, {"start": "00:20:08", "end": "00:20:13", "text": "been a criminal for years. So, if you"}, {"start": "00:20:10", "end": "00:20:16", "text": "get arrested for a violent felony, you"}, {"start": "00:20:13", "end": "00:20:18", "text": "go to jail and you stay there until"}, {"start": "00:20:16", "end": "00:20:20", "text": "you're eligible for parole, but you do"}, {"start": "00:20:18", "end": "00:20:24", "text": "not get out of jail. You do not get out"}, {"start": "00:20:20", "end": "00:20:26", "text": "on parole unless there is a nonfelon"}, {"start": "00:20:24", "end": "00:20:29", "text": "American citizen who is willing to vouch"}, {"start": "00:20:26", "end": "00:20:32", "text": "for you. You have to have someone who is"}, {"start": "00:20:29", "end": "00:20:35", "text": "your sponsor. And if you commit another"}, {"start": "00:20:32", "end": "00:20:37", "text": "felony, your sponsor has to pay for the"}, {"start": "00:20:35", "end": "00:20:41", "text": "damages you cause and goes back to jail"}, {"start": "00:20:37", "end": "00:20:41", "text": "with you."}, {"start": "00:20:41", "end": "00:20:45", "text": "Problem solved. No one who is an"}, {"start": "00:20:44", "end": "00:20:48", "text": "actually violent person would get out of"}, {"start": "00:20:45", "end": "00:20:50", "text": "jail again ever. And that's where they"}, {"start": "00:20:48", "end": "00:20:52", "text": "belong. If you can't learn to keep your"}, {"start": "00:20:50", "end": "00:20:55", "text": "hands to yourself in our country, you go"}, {"start": "00:20:52", "end": "00:20:57", "text": "to jail and you don't get out. Period."}, {"start": "00:20:55", "end": "00:20:59", "text": "If we did that, can you imagine what the"}, {"start": "00:20:57", "end": "00:21:01", "text": "property values would be in Baltimore?"}, {"start": "00:20:59", "end": "00:21:02", "text": "What the property values would be in"}, {"start": "00:21:01", "end": "00:21:05", "text": "Detroit? What the property values would"}, {"start": "00:21:02", "end": "00:21:08", "text": "be in Memphis? Why? Why have we allowed"}, {"start": "00:21:05", "end": "00:21:11", "text": "our greatest cities to be utterly"}, {"start": "00:21:08", "end": "00:21:12", "text": "destroyed by crime? Hello everyone."}, {"start": "00:21:11", "end": "00:21:13", "text": "Sorry to interrupt this conversation,"}, {"start": "00:21:12", "end": "00:21:16", "text": "but I wanted to tell you about CFO"}, {"start": "00:21:13", "end": "00:21:17", "text": "Sylvia. This is an AI product that we"}, {"start": "00:21:16", "end": "00:21:19", "text": "built to help you better manage your"}, {"start": "00:21:17", "end": "00:21:21", "text": "finances. I had a problem. I wanted to"}, {"start": "00:21:19", "end": "00:21:23", "text": "use the latest artificial intelligence"}, {"start": "00:21:21", "end": "00:21:25", "text": "technology, but it didn't have the"}, {"start": "00:21:23", "end": "00:21:27", "text": "context of my personal portfolio. That's"}, {"start": "00:21:25", "end": "00:21:28", "text": "why we built Sylvia. Today, you come in,"}, {"start": "00:21:27", "end": "00:21:30", "text": "you can attach your accounts, you can"}, {"start": "00:21:28", "end": "00:21:33", "text": "start to ask Sylvia questions, and the"}, {"start": "00:21:30", "end": "00:21:34", "text": "more you use Sylvia, the data suggest,"}, {"start": "00:21:33", "end": "00:21:36", "text": "the faster you will grow your net worth."}, {"start": "00:21:34", "end": "00:21:38", "text": "CFO Sylvia is the most powerful personal"}, {"start": "00:21:36", "end": "00:21:40", "text": "finance product that I've ever used. And"}, {"start": "00:21:38", "end": "00:21:42", "text": "our team is hard at work making it"}, {"start": "00:21:40", "end": "00:21:44", "text": "better every single day. Go check it out"}, {"start": "00:21:42", "end": "00:21:46", "text": "today at cfossilia.com."}, {"start": "00:21:44", "end": "00:21:48", "text": "Again, that's cfossilia.com."}, {"start": "00:21:46", "end": "00:21:50", "text": "And if you start using this product and"}, {"start": "00:21:48", "end": "00:21:52", "text": "you let me know how we can improve it,"}, {"start": "00:21:50", "end": "00:21:53", "text": "we'll make the changes right away."}, {"start": "00:21:52", "end": "00:21:55", "text": ">> Well, you talk about in this book uh"}, {"start": "00:21:53", "end": "00:21:57", "text": "that you wrote about the end of America,"}, {"start": "00:21:55", "end": "00:21:59", "text": "like the breaking of the social compact"}, {"start": "00:21:57", "end": "00:22:01", "text": "of America, right? And I think that um I"}, {"start": "00:21:59", "end": "00:22:04", "text": "could go through example after example"}, {"start": "00:22:01", "end": "00:22:06", "text": "of everything from graffiti to violence"}, {"start": "00:22:04", "end": "00:22:09", "text": "on the subway in New York City to the"}, {"start": "00:22:06", "end": "00:22:11", "text": "homeless and drug problem in LA. I mean,"}, {"start": "00:22:09", "end": "00:22:12", "text": "this stuff has been well documented, I"}, {"start": "00:22:11", "end": "00:22:14", "text": "think, at this point in terms of people"}, {"start": "00:22:12", "end": "00:22:16", "text": "talking about the problem, but when you"}, {"start": "00:22:14", "end": "00:22:18", "text": "get the breakdown of the social compact,"}, {"start": "00:22:16", "end": "00:22:21", "text": "it almost feels like people are mostly"}, {"start": "00:22:18", "end": "00:22:23", "text": "saying, I know that's a problem. It's"}, {"start": "00:22:21", "end": "00:22:25", "text": "not worth my time to try to solve it."}, {"start": "00:22:23", "end": "00:22:26", "text": "And that feels almost like the the thing"}, {"start": "00:22:25", "end": "00:22:30", "text": "that again, it gets tied back into the"}, {"start": "00:22:26", "end": "00:22:32", "text": "economics of, you know, if there is a"}, {"start": "00:22:30", "end": "00:22:35", "text": "degradation of purchasing power, if"}, {"start": "00:22:32", "end": "00:22:36", "text": "there is a loss of wealth, all of a"}, {"start": "00:22:35", "end": "00:22:37", "text": "sudden all this stuff starts to fall"}, {"start": "00:22:36", "end": "00:22:40", "text": "apart. You talked about gambling,"}, {"start": "00:22:37", "end": "00:22:41", "text": "prostitution, etc. But at the same time,"}, {"start": "00:22:40", "end": "00:22:42", "text": "it almost feels like people then start"}, {"start": "00:22:41", "end": "00:22:45", "text": "to become somewhat insular and say,"}, {"start": "00:22:42", "end": "00:22:46", "text": "\"Listen, I I don't have the time,"}, {"start": "00:22:45", "end": "00:22:49", "text": "effort, or energy to go try to solve"}, {"start": "00:22:46", "end": "00:22:51", "text": "community problems. I can't get ahead"}, {"start": "00:22:49", "end": "00:22:52", "text": "here because I'm getting paid less every"}, {"start": "00:22:51", "end": "00:22:53", "text": "single day because the dollar's getting"}, {"start": "00:22:52", "end": "00:22:55", "text": "debased.\""}, {"start": "00:22:53", "end": "00:22:57", "text": ">> Nobody understands this. If you if you"}, {"start": "00:22:55", "end": "00:23:00", "text": "want to know why Americans were able to"}, {"start": "00:22:57", "end": "00:23:05", "text": "live very good lives on one paycheck"}, {"start": "00:23:00", "end": "00:23:07", "text": "between 1945 and 1970, the answer is"}, {"start": "00:23:05", "end": "00:23:09", "text": "really simple. We had a very sound"}, {"start": "00:23:07", "end": "00:23:11", "text": "currency. It was backed by gold and we"}, {"start": "00:23:09", "end": "00:23:13", "text": "didn't allow the government to run big"}, {"start": "00:23:11", "end": "00:23:15", "text": "deficits or to owe big debts. To"}, {"start": "00:23:13", "end": "00:23:17", "text": ">> talk real quick just u because you break"}, {"start": "00:23:15", "end": "00:23:19", "text": "down in the book pretty well. Um what"}, {"start": "00:23:17", "end": "00:23:20", "text": "does that mean? Live a good life on one"}, {"start": "00:23:19", "end": "00:23:22", "text": "salary. Like what what does that look"}, {"start": "00:23:20", "end": "00:23:23", "text": "like? You know, for those that either"}, {"start": "00:23:22", "end": "00:23:26", "text": "don't remember or weren't alive."}, {"start": "00:23:23", "end": "00:23:28", "text": ">> Yeah, it means that you know usually the"}, {"start": "00:23:26", "end": "00:23:30", "text": "the father goes to work in the morning."}, {"start": "00:23:28", "end": "00:23:31", "text": "He works at Sears. He works at Ford"}, {"start": "00:23:30", "end": "00:23:34", "text": "Motor Company. He works for the"}, {"start": "00:23:31", "end": "00:23:37", "text": "telephone company. and he has a salary"}, {"start": "00:23:34", "end": "00:23:39", "text": "or he gets paid by the hour, but his his"}, {"start": "00:23:37", "end": "00:23:41", "text": "wage is enough to easily buy a home,"}, {"start": "00:23:39", "end": "00:23:44", "text": "easily provide for his children to go to"}, {"start": "00:23:41", "end": "00:23:46", "text": "college. Um, you know, easily provide"}, {"start": "00:23:44", "end": "00:23:48", "text": "health care, all this stuff, vacations."}, {"start": "00:23:46", "end": "00:23:50", "text": "I mean, you know, people would get in"}, {"start": "00:23:48", "end": "00:23:52", "text": "their big Buick station wagons and and"}, {"start": "00:23:50", "end": "00:23:53", "text": "go to Disney World, right? And they and"}, {"start": "00:23:52", "end": "00:23:56", "text": "the father worked and the mother"}, {"start": "00:23:53", "end": "00:23:57", "text": "typically worked in the home. And one"}, {"start": "00:23:56", "end": "00:23:59", "text": "thing people don't understand about"}, {"start": "00:23:57", "end": "00:24:01", "text": "this,"}, {"start": "00:23:59", "end": "00:24:03", "text": "who who benefits when the wife goes to"}, {"start": "00:24:01", "end": "00:24:04", "text": "work?"}, {"start": "00:24:03", "end": "00:24:06", "text": "And I'll be really clear about this,"}, {"start": "00:24:04", "end": "00:24:09", "text": "Anthony. I'm not saying that women"}, {"start": "00:24:06", "end": "00:24:10", "text": "should stay home. I'm not saying that"}, {"start": "00:24:09", "end": "00:24:13", "text": "everyone should do what's in their best"}, {"start": "00:24:10", "end": "00:24:15", "text": "interest. For a lot of women, that is"}, {"start": "00:24:13", "end": "00:24:16", "text": "having a career and having a job. I got"}, {"start": "00:24:15", "end": "00:24:19", "text": "of course I have no problem with that."}, {"start": "00:24:16", "end": "00:24:21", "text": "But what I'm saying is more broadly"}, {"start": "00:24:19", "end": "00:24:24", "text": "speaking at looking at culture, looking"}, {"start": "00:24:21", "end": "00:24:26", "text": "at our economy, who wins when the woman"}, {"start": "00:24:24", "end": "00:24:29", "text": "goes to work? And the answer is the"}, {"start": "00:24:26", "end": "00:24:33", "text": "government wins. The government wins"}, {"start": "00:24:29", "end": "00:24:35", "text": "because it makes the woman a taxpayer."}, {"start": "00:24:33", "end": "00:24:37", "text": "It makes the woman far more dependent on"}, {"start": "00:24:35", "end": "00:24:39", "text": "government services. If you're looking"}, {"start": "00:24:37", "end": "00:24:41", "text": "to to understand what has gone wrong in"}, {"start": "00:24:39", "end": "00:24:43", "text": "the black community with black families,"}, {"start": "00:24:41", "end": "00:24:45", "text": "look no further than the welfare state."}, {"start": "00:24:43", "end": "00:24:47", "text": "the the the women don't need the men"}, {"start": "00:24:45", "end": "00:24:49", "text": "anymore because they can their their"}, {"start": "00:24:47", "end": "00:24:51", "text": "husband is the government. So all these"}, {"start": "00:24:49", "end": "00:24:52", "text": "things all this destruction of our"}, {"start": "00:24:51", "end": "00:24:54", "text": "culture and our economy has been very"}, {"start": "00:24:52", "end": "00:24:56", "text": "good for one group in our society and"}, {"start": "00:24:54", "end": "00:24:58", "text": "that's the government. It's been very"}, {"start": "00:24:56", "end": "00:25:00", "text": "bad for people and I I think that that"}, {"start": "00:24:58", "end": "00:25:04", "text": "is just more and more evident to people"}, {"start": "00:25:00", "end": "00:25:06", "text": "now especially postco when people see"}, {"start": "00:25:04", "end": "00:25:09", "text": "that the price of eggs go up you know"}, {"start": "00:25:06", "end": "00:25:12", "text": "sixfold they're like what is going on"}, {"start": "00:25:09", "end": "00:25:15", "text": "and um I think the other big thing is"}, {"start": "00:25:12", "end": "00:25:17", "text": "most Americans don't really realize how"}, {"start": "00:25:15", "end": "00:25:19", "text": "badly they've been lied to about social"}, {"start": "00:25:17", "end": "00:25:21", "text": "security and when the truth of that"}, {"start": "00:25:19", "end": "00:25:24", "text": "comes out in 2029 there's going to be"}, {"start": "00:25:21", "end": "00:25:26", "text": "very big ramifications most people"}, {"start": "00:25:24", "end": "00:25:27", "text": "actually believe that they have an"}, {"start": "00:25:26", "end": "00:25:29", "text": "account, that their money has been"}, {"start": "00:25:27", "end": "00:25:32", "text": "invested, that it's their money. They"}, {"start": "00:25:29", "end": "00:25:33", "text": "don't know it's just a tax. It was never"}, {"start": "00:25:32", "end": "00:25:34", "text": "anything but a tax and all the money's"}, {"start": "00:25:33", "end": "00:25:36", "text": "been spent."}, {"start": "00:25:34", "end": "00:25:37", "text": ">> Do you think that uh it's a Ponzi scheme"}, {"start": "00:25:36", "end": "00:25:39", "text": "at this point?"}, {"start": "00:25:37", "end": "00:25:41", "text": ">> Oh, it it was from the very beginning."}, {"start": "00:25:39", "end": "00:25:42", "text": "Yeah. Now, one of the things that you"}, {"start": "00:25:41", "end": "00:25:45", "text": "wrote that I had never thought about"}, {"start": "00:25:42", "end": "00:25:46", "text": "this before and it made me question some"}, {"start": "00:25:45", "end": "00:25:50", "text": "of the assumptions that I had before I"}, {"start": "00:25:46", "end": "00:25:53", "text": "read uh your book is the debasement of"}, {"start": "00:25:50", "end": "00:25:55", "text": "the dollar and the fact that I struggle"}, {"start": "00:25:53", "end": "00:25:58", "text": "to get some of our employees,"}, {"start": "00:25:55", "end": "00:26:01", "text": "particularly young men, to come to the"}, {"start": "00:25:58", "end": "00:26:03", "text": "office 5 days a week to work a number of"}, {"start": "00:26:01", "end": "00:26:05", "text": "hours that we think are are necessary,"}, {"start": "00:26:03", "end": "00:26:08", "text": "right? To do the things that we think"}, {"start": "00:26:05", "end": "00:26:10", "text": "are necessary. Um, I think every single"}, {"start": "00:26:08", "end": "00:26:11", "text": "person I know who runs a business,"}, {"start": "00:26:10", "end": "00:26:13", "text": "whether they are, you know, I call kind"}, {"start": "00:26:11", "end": "00:26:14", "text": "of the boomer mentality of like, oh, the"}, {"start": "00:26:13", "end": "00:26:16", "text": "next generation, they don't work hard,"}, {"start": "00:26:14", "end": "00:26:19", "text": "or it is young people who run businesses"}, {"start": "00:26:16", "end": "00:26:22", "text": "who are saying, I literally cannot get"}, {"start": "00:26:19", "end": "00:26:24", "text": "XYZ people inside of my organization to"}, {"start": "00:26:22", "end": "00:26:26", "text": "do the things I need them to do. You tie"}, {"start": "00:26:24", "end": "00:26:27", "text": "that back to the debate of the dollar."}, {"start": "00:26:26", "end": "00:26:29", "text": "Explain this."}, {"start": "00:26:27", "end": "00:26:31", "text": ">> Yeah. Well, if you look at if you look"}, {"start": "00:26:29", "end": "00:26:32", "text": "at what the real average wage was, and"}, {"start": "00:26:31", "end": "00:26:34", "text": "I'm sorry I don't have the numbers off"}, {"start": "00:26:32", "end": "00:26:37", "text": "the top of my head. If you look at the"}, {"start": "00:26:34", "end": "00:26:39", "text": "real average wage in 1971 and you divide"}, {"start": "00:26:37", "end": "00:26:41", "text": "that by the cost of an F-150, why why"}, {"start": "00:26:39", "end": "00:26:43", "text": "the F-150? Well, the F-150 is the most"}, {"start": "00:26:41", "end": "00:26:45", "text": "popular passenger vehicle in the United"}, {"start": "00:26:43", "end": "00:26:48", "text": "States and it has been for the last 50"}, {"start": "00:26:45", "end": "00:26:49", "text": "years. And it's it's a manufactured"}, {"start": "00:26:48", "end": "00:26:50", "text": "product that incorporates everything"}, {"start": "00:26:49", "end": "00:26:52", "text": "that goes into our economy, right?"}, {"start": "00:26:50", "end": "00:26:53", "text": "You've got labor, you've got capital,"}, {"start": "00:26:52", "end": "00:26:55", "text": "you've got technology, you've got"}, {"start": "00:26:53", "end": "00:26:57", "text": "marketing, you've got distribution,"}, {"start": "00:26:55", "end": "00:27:00", "text": "everything the it's a great measure,"}, {"start": "00:26:57", "end": "00:27:01", "text": "basic measure of a a simple well-known"}, {"start": "00:27:00", "end": "00:27:03", "text": "good in the economy. And it's something"}, {"start": "00:27:01", "end": "00:27:06", "text": "that most young men at some point in"}, {"start": "00:27:03", "end": "00:27:07", "text": "their lives are going to buy. Very, it's"}, {"start": "00:27:06", "end": "00:27:09", "text": "the most commonly owned passenger"}, {"start": "00:27:07", "end": "00:27:12", "text": "vehicle in the United States. So, how"}, {"start": "00:27:09", "end": "00:27:15", "text": "long in 1971 did you have to work at the"}, {"start": "00:27:12", "end": "00:27:18", "text": "average pay to buy an F-150? And the"}, {"start": "00:27:15", "end": "00:27:22", "text": "answer is is about 3 months. Okay. Now,"}, {"start": "00:27:18", "end": "00:27:24", "text": "it's 18 months. So, what happened? Did"}, {"start": "00:27:22", "end": "00:27:27", "text": "is Ford gouging everybody, right? Is"}, {"start": "00:27:24", "end": "00:27:29", "text": "that what's going on? No. What happened?"}, {"start": "00:27:27", "end": "00:27:31", "text": "our our currency was debauched and"}, {"start": "00:27:29", "end": "00:27:33", "text": "therefore the real value of your wages"}, {"start": "00:27:31", "end": "00:27:35", "text": "has been debauched and and that's why"}, {"start": "00:27:33", "end": "00:27:37", "text": "people are not dedicated to their jobs"}, {"start": "00:27:35", "end": "00:27:39", "text": "anymore. If you if you told those"}, {"start": "00:27:37", "end": "00:27:40", "text": "employees, I'll pay you three times as"}, {"start": "00:27:39", "end": "00:27:42", "text": "much if you come to work every day, what"}, {"start": "00:27:40", "end": "00:27:43", "text": "would they say?"}, {"start": "00:27:42", "end": "00:27:45", "text": ">> Yeah, they're probably short."}, {"start": "00:27:43", "end": "00:27:47", "text": ">> Exactly. And that's what's happened. So"}, {"start": "00:27:45", "end": "00:27:50", "text": "the real value your wages have fallen by"}, {"start": "00:27:47", "end": "00:27:52", "text": "about 75% over the last 50 years. And as"}, {"start": "00:27:50", "end": "00:27:53", "text": "a result, people are simply making wise"}, {"start": "00:27:52", "end": "00:27:54", "text": "economic choices. One of the things we"}, {"start": "00:27:53", "end": "00:27:56", "text": "discovered"}, {"start": "00:27:54", "end": "00:27:58", "text": ">> that that part right there I think is"}, {"start": "00:27:56", "end": "00:27:59", "text": "the part that that made me question some"}, {"start": "00:27:58", "end": "00:28:01", "text": "of the assumptions I had and frankly it"}, {"start": "00:27:59", "end": "00:28:03", "text": "may change the way that I manage some of"}, {"start": "00:28:01", "end": "00:28:04", "text": "our companies, right? Is you you make"}, {"start": "00:28:03", "end": "00:28:08", "text": "the argument that actually the"}, {"start": "00:28:04", "end": "00:28:09", "text": "individual let's just take aomic actor."}, {"start": "00:28:08", "end": "00:28:11", "text": ">> Yeah. Let's take a 25-year-old male who"}, {"start": "00:28:09", "end": "00:28:13", "text": "says, you know what, uh I know that my"}, {"start": "00:28:11", "end": "00:28:15", "text": "grandfather or my father, he used to go"}, {"start": "00:28:13", "end": "00:28:16", "text": "to work 5 days a week. He'd leave the,"}, {"start": "00:28:15", "end": "00:28:19", "text": "you know, house at 7:00 a.m. He'd come"}, {"start": "00:28:16", "end": "00:28:20", "text": "home at 7:00 p.m. Uh, and he got paid"}, {"start": "00:28:19", "end": "00:28:23", "text": "what he got paid and he built the life"}, {"start": "00:28:20", "end": "00:28:25", "text": "that I was able to enjoy growing up."}, {"start": "00:28:23", "end": "00:28:26", "text": "Now, I'm not going to the office 5 days"}, {"start": "00:28:25", "end": "00:28:28", "text": "a week. I'm going three days a week. I'm"}, {"start": "00:28:26", "end": "00:28:29", "text": "going Tuesday, Wednesday, Thursday. And"}, {"start": "00:28:28", "end": "00:28:31", "text": "on Monday and Friday, you're lucky if I"}, {"start": "00:28:29", "end": "00:28:32", "text": "get a little bit of work out of me. Um,"}, {"start": "00:28:31", "end": "00:28:34", "text": "but you still got to pay me. And"}, {"start": "00:28:32", "end": "00:28:35", "text": "actually, you need to pay me more."}, {"start": "00:28:34", "end": "00:28:36", "text": "You're claiming that he's a rational"}, {"start": "00:28:35", "end": "00:28:38", "text": "economic actor."}, {"start": "00:28:36", "end": "00:28:39", "text": ">> He is. You're pretending to pay him and"}, {"start": "00:28:38", "end": "00:28:41", "text": "he's pretending to work. That's exactly"}, {"start": "00:28:39", "end": "00:28:43", "text": "what's going on. And the thing we found"}, {"start": "00:28:41", "end": "00:28:44", "text": "we we I had a large uh group of"}, {"start": "00:28:43", "end": "00:28:46", "text": "employees at marketwise and what we"}, {"start": "00:28:44", "end": "00:28:48", "text": "found is when we went to the the co"}, {"start": "00:28:46", "end": "00:28:50", "text": "policy of no one had to come to the"}, {"start": "00:28:48", "end": "00:28:51", "text": "office. How many people got second jobs?"}, {"start": "00:28:50", "end": "00:28:55", "text": ">> Probably a lot."}, {"start": "00:28:51", "end": "00:28:56", "text": ">> Yeah. Yep. They were mailing it in and"}, {"start": "00:28:55", "end": "00:28:59", "text": "then they were you know they were they"}, {"start": "00:28:56", "end": "00:29:00", "text": "were building a second income stream. I"}, {"start": "00:28:59", "end": "00:29:02", "text": "don't blame them. They had to survive."}, {"start": "00:29:00", "end": "00:29:03", "text": ">> Mhm. And now how much of that So some"}, {"start": "00:29:02", "end": "00:29:05", "text": "people will hear that and say, \"Well,"}, {"start": "00:29:03", "end": "00:29:05", "text": "why don't business owners just pay them"}, {"start": "00:29:05", "end": "00:29:08", "text": "more money?\""}, {"start": "00:29:05", "end": "00:29:09", "text": ">> Yeah. because we can't because the"}, {"start": "00:29:08", "end": "00:29:12", "text": "entire productivity economy is falling"}, {"start": "00:29:09", "end": "00:29:14", "text": "apart. We're we are paying as as as much"}, {"start": "00:29:12", "end": "00:29:16", "text": "as we possibly can because we have to"}, {"start": "00:29:14", "end": "00:29:18", "text": "earn a return on our capital too."}, {"start": "00:29:16", "end": "00:29:21", "text": ">> And so the breakdown basically comes"}, {"start": "00:29:18", "end": "00:29:23", "text": "from okay these people are feeling like"}, {"start": "00:29:21", "end": "00:29:25", "text": "uh as a rational economic actor um if I"}, {"start": "00:29:23", "end": "00:29:27", "text": "go to work I am being paid less. Now,"}, {"start": "00:29:25", "end": "00:29:30", "text": "you know what's interesting is uh my"}, {"start": "00:29:27", "end": "00:29:31", "text": "father-in-law uh grew up in Bulgaria and"}, {"start": "00:29:30", "end": "00:29:33", "text": "he lived through two hyperinflation"}, {"start": "00:29:31", "end": "00:29:35", "text": "events and one of the first stories he"}, {"start": "00:29:33", "end": "00:29:36", "text": "told me as he um you know as him and I"}, {"start": "00:29:35", "end": "00:29:38", "text": "were getting to know each other years"}, {"start": "00:29:36", "end": "00:29:40", "text": "ago is that during one of the"}, {"start": "00:29:38", "end": "00:29:41", "text": "hyperinflationary events he was sitting"}, {"start": "00:29:40", "end": "00:29:43", "text": "there one day and he started to do the"}, {"start": "00:29:41", "end": "00:29:45", "text": "math and he realized he was being paid"}, {"start": "00:29:43", "end": "00:29:46", "text": "essentially the equivalent of about 30"}, {"start": "00:29:45", "end": "00:29:47", "text": "cents in US dollars."}, {"start": "00:29:46", "end": "00:29:48", "text": ">> I go to work"}, {"start": "00:29:47", "end": "00:29:48", "text": ">> so he stopped going to work."}, {"start": "00:29:48", "end": "00:29:50", "text": ">> Yeah."}, {"start": "00:29:48", "end": "00:29:52", "text": ">> But you know what the reaction was from"}, {"start": "00:29:50", "end": "00:29:55", "text": "all of his colleagues and co-workers?"}, {"start": "00:29:52", "end": "00:29:56", "text": ">> You're not loyal. you're"}, {"start": "00:29:55", "end": "00:29:58", "text": "what do you mean you're going to stop"}, {"start": "00:29:56", "end": "00:30:01", "text": "working? Like they they looked down on"}, {"start": "00:29:58", "end": "00:30:02", "text": "him for not coming to work, right? And"}, {"start": "00:30:01", "end": "00:30:03", "text": "his point was he was being a rational"}, {"start": "00:30:02", "end": "00:30:05", "text": "economic actor and saying, \"I'm coming"}, {"start": "00:30:03", "end": "00:30:07", "text": "to work, but I'm not getting paid.\""}, {"start": "00:30:05", "end": "00:30:08", "text": "Theirs was more of a social like you're"}, {"start": "00:30:07", "end": "00:30:11", "text": "supposed to go to work."}, {"start": "00:30:08", "end": "00:30:12", "text": ">> And so he told me that story. I'd kind"}, {"start": "00:30:11", "end": "00:30:14", "text": "of memory hold it, frankly. Right. And"}, {"start": "00:30:12", "end": "00:30:15", "text": "then when I was reading what you were"}, {"start": "00:30:14", "end": "00:30:15", "text": "writing, I Oh my god, it's the same"}, {"start": "00:30:15", "end": "00:30:17", "text": "thing."}, {"start": "00:30:15", "end": "00:30:19", "text": ">> Of course it is, Anthony. I've been"}, {"start": "00:30:17", "end": "00:30:20", "text": "telling people for 20 years, if you use"}, {"start": "00:30:19", "end": "00:30:22", "text": "their money, you will be their slave."}, {"start": "00:30:20", "end": "00:30:24", "text": "It's that simple. They're not using"}, {"start": "00:30:22", "end": "00:30:26", "text": "money. They're using currency and they"}, {"start": "00:30:24", "end": "00:30:29", "text": "print it. It's not hard to get your head"}, {"start": "00:30:26", "end": "00:30:30", "text": "around that. It's just not. And and so"}, {"start": "00:30:29", "end": "00:30:32", "text": "what are they going to do with that"}, {"start": "00:30:30", "end": "00:30:34", "text": "power? They're going to abuse it until"}, {"start": "00:30:32", "end": "00:30:35", "text": "they collapse the system. And the system"}, {"start": "00:30:34", "end": "00:30:37", "text": "is very very close to collapse. It's"}, {"start": "00:30:35", "end": "00:30:39", "text": "much closer than people realize. And"}, {"start": "00:30:37", "end": "00:30:41", "text": "people don't realize it because they"}, {"start": "00:30:39", "end": "00:30:43", "text": "think, \"Oh, you know, I got a raise last"}, {"start": "00:30:41", "end": "00:30:45", "text": "year. Oh, the stock market went up.\""}, {"start": "00:30:43", "end": "00:30:47", "text": "Yes, all those things are denominated in"}, {"start": "00:30:45", "end": "00:30:48", "text": "dollars. I mean, look, I' I've been"}, {"start": "00:30:47", "end": "00:30:50", "text": "talking for a long time. If you go back"}, {"start": "00:30:48", "end": "00:30:53", "text": "to 1971, you denominate the stock market"}, {"start": "00:30:50", "end": "00:30:55", "text": "in gold. it's basically flat to down. If"}, {"start": "00:30:53", "end": "00:30:57", "text": "you go to 2,000 to now, it's definitely"}, {"start": "00:30:55", "end": "00:31:00", "text": "down, right? Um, and I think that using"}, {"start": "00:30:57", "end": "00:31:02", "text": "gold just 5,000 years, you know, plus of"}, {"start": "00:31:00", "end": "00:31:04", "text": "uh human history there, um, it is"}, {"start": "00:31:02", "end": "00:31:06", "text": "definitely true that these assets are"}, {"start": "00:31:04", "end": "00:31:07", "text": "not doing as well if they are not priced"}, {"start": "00:31:06", "end": "00:31:09", "text": "in dollars. At the same time, if you"}, {"start": "00:31:07", "end": "00:31:11", "text": "look, you know, one of the things I I"}, {"start": "00:31:09", "end": "00:31:12", "text": "love to uh argue with what I'll call"}, {"start": "00:31:11", "end": "00:31:14", "text": "traditionalists from the finance system"}, {"start": "00:31:12", "end": "00:31:16", "text": "is they'll say, well, stock market"}, {"start": "00:31:14", "end": "00:31:17", "text": "delivers, you know, 8% returns. I say,"}, {"start": "00:31:16", "end": "00:31:19", "text": "well, how much of that is inflation? and"}, {"start": "00:31:17", "end": "00:31:21", "text": "and they'll sit there and they'll tell"}, {"start": "00:31:19", "end": "00:31:23", "text": "you, you know, inflation's been 2% or"}, {"start": "00:31:21", "end": "00:31:24", "text": "whatever. I say, okay, well, in the last"}, {"start": "00:31:23", "end": "00:31:27", "text": "couple of years, what has the return"}, {"start": "00:31:24", "end": "00:31:29", "text": "been? It's been much more than 8%. Well,"}, {"start": "00:31:27", "end": "00:31:30", "text": "has inflation ticked up? Of course."}, {"start": "00:31:29", "end": "00:31:32", "text": "Right. Oh, yes."}, {"start": "00:31:30", "end": "00:31:34", "text": ">> And so, from that standpoint, you know,"}, {"start": "00:31:32", "end": "00:31:37", "text": "there's a very good question as to if"}, {"start": "00:31:34", "end": "00:31:39", "text": "you are an equity investor, you actually"}, {"start": "00:31:37", "end": "00:31:40", "text": "are not benefiting whatsoever from"}, {"start": "00:31:39", "end": "00:31:43", "text": "productive assets."}, {"start": "00:31:40", "end": "00:31:45", "text": ">> Well, okay. So, no surprise, the same"}, {"start": "00:31:43", "end": "00:31:47", "text": "people who do all the counterfeiting are"}, {"start": "00:31:45", "end": "00:31:48", "text": "the same people who measure inflation."}, {"start": "00:31:47", "end": "00:31:49", "text": "So what do you think they're going to"}, {"start": "00:31:48", "end": "00:31:51", "text": "say about it?"}, {"start": "00:31:49", "end": "00:31:53", "text": ">> So what do you think inflation really is"}, {"start": "00:31:51", "end": "00:31:54", "text": "in your and your experience in your"}, {"start": "00:31:53", "end": "00:31:57", "text": "lived experience? How much on average"}, {"start": "00:31:54", "end": "00:32:00", "text": "has inflation gone up the last 5 years?"}, {"start": "00:31:57", "end": "00:32:02", "text": ">> Yeah, I think um take out the last 12"}, {"start": "00:32:00", "end": "00:32:03", "text": "months with all of the AI robotics and"}, {"start": "00:32:02", "end": "00:32:05", "text": "deflation. We we talk about all that,"}, {"start": "00:32:03", "end": "00:32:07", "text": "but I would say that inflation is"}, {"start": "00:32:05", "end": "00:32:09", "text": "probably somewhere in the like 5 to 7%"}, {"start": "00:32:07", "end": "00:32:12", "text": "range on an annual basis. So there's an"}, {"start": "00:32:09", "end": "00:32:15", "text": "economist um who actually twice a year"}, {"start": "00:32:12", "end": "00:32:18", "text": "goes out and measures 150 items and"}, {"start": "00:32:15", "end": "00:32:22", "text": "their standard items like airfare from"}, {"start": "00:32:18", "end": "00:32:24", "text": "on Delta from New York to LA um a pound"}, {"start": "00:32:22", "end": "00:32:27", "text": "of of ground beef dozen eggs goes out"}, {"start": "00:32:24", "end": "00:32:30", "text": "and measures the actual prices twice a"}, {"start": "00:32:27", "end": "00:32:34", "text": "year of 150 items and inflation for the"}, {"start": "00:32:30", "end": "00:32:39", "text": "last decade on average in American"}, {"start": "00:32:34", "end": "00:32:40", "text": "cities has been 11%. Wow. Yeah. 11% for"}, {"start": "00:32:39", "end": "00:32:41", "text": "the last decade."}, {"start": "00:32:40", "end": "00:32:43", "text": ">> Yeah."}, {"start": "00:32:41", "end": "00:32:45", "text": ">> And obviously if the government is"}, {"start": "00:32:43", "end": "00:32:48", "text": "saying it's 2% but it's really 11 you"}, {"start": "00:32:45", "end": "00:32:50", "text": "get this massive you know bifurcation."}, {"start": "00:32:48", "end": "00:32:52", "text": "Now what I find uh maybe most"}, {"start": "00:32:50", "end": "00:32:55", "text": "interesting is uh you've made the point"}, {"start": "00:32:52", "end": "00:32:57", "text": "that um what people are being told may"}, {"start": "00:32:55", "end": "00:32:59", "text": "be different than what they feel. And"}, {"start": "00:32:57", "end": "00:33:01", "text": "the reason why that's fascinating to me"}, {"start": "00:32:59", "end": "00:33:02", "text": "is because uh Scott Bessant when he"}, {"start": "00:33:01", "end": "00:33:04", "text": "became the Treasury Secretary he sat"}, {"start": "00:33:02", "end": "00:33:06", "text": "down with uh Chimath Palipatia and David"}, {"start": "00:33:04", "end": "00:33:08", "text": "Freriededberg and they did an interview"}, {"start": "00:33:06", "end": "00:33:10", "text": "and he has a pretty big interview for"}, {"start": "00:33:08", "end": "00:33:12", "text": "these guys with the treasury secretary"}, {"start": "00:33:10", "end": "00:33:15", "text": "and at one point Chimath asks Scott he"}, {"start": "00:33:12", "end": "00:33:19", "text": "says do you believe the economic data"}, {"start": "00:33:15", "end": "00:33:21", "text": "and Bessant says without thinking no and"}, {"start": "00:33:19", "end": "00:33:24", "text": "then very quickly starts to massage the"}, {"start": "00:33:21", "end": "00:33:26", "text": "answer and professionalize it."}, {"start": "00:33:24", "end": "00:33:27", "text": "Now, in his"}, {"start": "00:33:26", "end": "00:33:28", "text": ">> he's way too smart to believe any of"}, {"start": "00:33:27", "end": "00:33:30", "text": "that."}, {"start": "00:33:28", "end": "00:33:32", "text": ">> Well, in his massaging of the answer and"}, {"start": "00:33:30", "end": "00:33:34", "text": "in kind of, you know, uh uh maybe gift"}, {"start": "00:33:32", "end": "00:33:36", "text": "wrapping of it, he basically makes the"}, {"start": "00:33:34", "end": "00:33:37", "text": "argument that look, when the data was"}, {"start": "00:33:36", "end": "00:33:39", "text": "telling me one thing, but I would go and"}, {"start": "00:33:37", "end": "00:33:41", "text": "I would talk to people, they would tell"}, {"start": "00:33:39", "end": "00:33:44", "text": "me something else. And we have to listen"}, {"start": "00:33:41", "end": "00:33:45", "text": "to what people are saying sometimes more"}, {"start": "00:33:44", "end": "00:33:47", "text": "than when we look at the data."}, {"start": "00:33:45", "end": "00:33:48", "text": ">> If you're in the financial markets, you"}, {"start": "00:33:47", "end": "00:33:50", "text": "do. But if you're if you're if you're in"}, {"start": "00:33:48", "end": "00:33:52", "text": "the government, you don't have to."}, {"start": "00:33:50", "end": "00:33:54", "text": ">> Well, Jerome Powell is uh now infamous."}, {"start": "00:33:52", "end": "00:33:57", "text": "I mean we we for months talked about"}, {"start": "00:33:54", "end": "00:33:58", "text": "back in I think it was in 2020 or 2021"}, {"start": "00:33:57", "end": "00:34:01", "text": "uh he was asked you know do you think"}, {"start": "00:33:58", "end": "00:34:02", "text": "that uh inflation is hurting the"}, {"start": "00:34:01", "end": "00:34:04", "text": "affordability or you know whatever the"}, {"start": "00:34:02", "end": "00:34:05", "text": "question was and he literally his"}, {"start": "00:34:04", "end": "00:34:06", "text": "response was no one has come to my"}, {"start": "00:34:05", "end": "00:34:09", "text": "office and told me that"}, {"start": "00:34:06", "end": "00:34:11", "text": ">> no gez"}, {"start": "00:34:09", "end": "00:34:12", "text": ">> right you know first of all and we would"}, {"start": "00:34:11", "end": "00:34:13", "text": "pull up a picture of his office and say"}, {"start": "00:34:12", "end": "00:34:15", "text": "you know this is where his office is"}, {"start": "00:34:13", "end": "00:34:17", "text": "good luck finding it right"}, {"start": "00:34:15", "end": "00:34:19", "text": ">> so let me let me uh let me make another"}, {"start": "00:34:17", "end": "00:34:21", "text": "point for people about this if you know"}, {"start": "00:34:19", "end": "00:34:23", "text": "that the real underlying rate of"}, {"start": "00:34:21", "end": "00:34:25", "text": "inflation in US ities is between 8 and"}, {"start": "00:34:23", "end": "00:34:29", "text": "12% a year and you know that you can"}, {"start": "00:34:25", "end": "00:34:32", "text": "borrow large amounts of money for 5%."}, {"start": "00:34:29", "end": "00:34:33", "text": "What's the rational economic actor do?"}, {"start": "00:34:32", "end": "00:34:34", "text": ">> What do you think?"}, {"start": "00:34:33", "end": "00:34:36", "text": ">> The answer is you borrow as much money"}, {"start": "00:34:34", "end": "00:34:38", "text": "as you can and you buy the assets that"}, {"start": "00:34:36", "end": "00:34:40", "text": "are inflating."}, {"start": "00:34:38", "end": "00:34:42", "text": ">> And that has enabled a lot of people to"}, {"start": "00:34:40", "end": "00:34:44", "text": "get very very very wealthy. But the"}, {"start": "00:34:42", "end": "00:34:46", "text": "average American doesn't have any idea"}, {"start": "00:34:44", "end": "00:34:48", "text": "how to do that. And I've been doing it"}, {"start": "00:34:46", "end": "00:34:50", "text": "and I have made a fortune. But I"}, {"start": "00:34:48", "end": "00:34:52", "text": "actually think it's deeply unfair and I"}, {"start": "00:34:50", "end": "00:34:53", "text": "don't want that kind of economic system."}, {"start": "00:34:52", "end": "00:34:56", "text": "I don't want a world where the"}, {"start": "00:34:53", "end": "00:34:58", "text": "speculator wins and the hardworking"}, {"start": "00:34:56", "end": "00:35:00", "text": "middle-class American gets destroyed."}, {"start": "00:34:58", "end": "00:35:03", "text": "There's no future in that society for me"}, {"start": "00:35:00", "end": "00:35:04", "text": "or for anyone else. And there's a whole"}, {"start": "00:35:03", "end": "00:35:06", "text": "lot of people that have made a whole lot"}, {"start": "00:35:04", "end": "00:35:08", "text": "of money and now live in Switzerland or"}, {"start": "00:35:06", "end": "00:35:10", "text": "live in Singapore and they they didn't"}, {"start": "00:35:08", "end": "00:35:11", "text": "leave America because they hate America."}, {"start": "00:35:10", "end": "00:35:14", "text": "They left America because they hate what"}, {"start": "00:35:11", "end": "00:35:17", "text": "America's becoming. We're we're losing"}, {"start": "00:35:14", "end": "00:35:18", "text": "7,000 citizens a year now. And these are"}, {"start": "00:35:17", "end": "00:35:20", "text": "not poor people who are leaving. These"}, {"start": "00:35:18", "end": "00:35:21", "text": "are the very wealthiest Americans who"}, {"start": "00:35:20", "end": "00:35:24", "text": "are leaving. We are approaching a"}, {"start": "00:35:21", "end": "00:35:26", "text": "crisis. And unfortunately, by the time"}, {"start": "00:35:24", "end": "00:35:28", "text": "it comes, all the media will say, \"No"}, {"start": "00:35:26", "end": "00:35:31", "text": "one could have ever seen this coming.\""}, {"start": "00:35:28", "end": "00:35:33", "text": "When in fact, you know, everyone I know"}, {"start": "00:35:31", "end": "00:35:36", "text": "in finance understood the housing bubble"}, {"start": "00:35:33", "end": "00:35:39", "text": "in 2005 and 2006. Everyone I knew it was"}, {"start": "00:35:36", "end": "00:35:42", "text": "obvious. Media says that no one could"}, {"start": "00:35:39", "end": "00:35:43", "text": "have seen it coming, right? Um, and we"}, {"start": "00:35:42", "end": "00:35:45", "text": "are approaching a crisis that is the"}, {"start": "00:35:43", "end": "00:35:48", "text": "most obvious crisis we've had in America"}, {"start": "00:35:45", "end": "00:35:50", "text": "since 1971 and everyone should see it"}, {"start": "00:35:48", "end": "00:35:52", "text": "coming and no one does."}, {"start": "00:35:50", "end": "00:35:54", "text": ">> Before we talk about how to invest"}, {"start": "00:35:52", "end": "00:35:56", "text": "through this crisis, let's talk about is"}, {"start": "00:35:54", "end": "00:35:57", "text": "there an offramp? Is there some way to"}, {"start": "00:35:56", "end": "00:35:59", "text": "put the genie back in the bottle or to"}, {"start": "00:35:57", "end": "00:36:00", "text": "stop the crisis from actually occurring?"}, {"start": "00:35:59", "end": "00:36:01", "text": ">> Of course, but have you ever seen a"}, {"start": "00:36:00", "end": "00:36:03", "text": "politician do that?"}, {"start": "00:36:01", "end": "00:36:03", "text": ">> Well, what do you think they would have"}, {"start": "00:36:03", "end": "00:36:05", "text": "to do?"}, {"start": "00:36:03", "end": "00:36:07", "text": ">> They all they always do the very worst"}, {"start": "00:36:05", "end": "00:36:09", "text": "thing. You can always you can count on"}, {"start": "00:36:07", "end": "00:36:12", "text": "it. So, I mean, think about it. when"}, {"start": "00:36:09", "end": "00:36:14", "text": "when inflation uh tod up in uh in 2020,"}, {"start": "00:36:12", "end": "00:36:16", "text": "what did Joe Biden do? He passed the"}, {"start": "00:36:14", "end": "00:36:18", "text": "what was it called? The name of that the"}, {"start": "00:36:16", "end": "00:36:20", "text": "coffees name of that bill. George Orwell"}, {"start": "00:36:18", "end": "00:36:21", "text": "named the bill for us. It was the"}, {"start": "00:36:20", "end": "00:36:22", "text": "anti-inflation bill or something like"}, {"start": "00:36:21", "end": "00:36:24", "text": "that, wasn't it?"}, {"start": "00:36:22", "end": "00:36:26", "text": ">> And what did it do?"}, {"start": "00:36:24", "end": "00:36:28", "text": ">> It created more inflation. So, no, I"}, {"start": "00:36:26", "end": "00:36:30", "text": "have no unfortunately this is the"}, {"start": "00:36:28", "end": "00:36:32", "text": "easiest bet that you can ever make. If"}, {"start": "00:36:30", "end": "00:36:33", "text": "you just bet the government will do the"}, {"start": "00:36:32", "end": "00:36:36", "text": "wrong thing, you're going to win every"}, {"start": "00:36:33", "end": "00:36:38", "text": "single time. So what we what we need to"}, {"start": "00:36:36", "end": "00:36:41", "text": "do is stuff that is politically"}, {"start": "00:36:38", "end": "00:36:43", "text": "absolutely unacceptable. We need to cut"}, {"start": "00:36:41", "end": "00:36:45", "text": "government spending in half. We need to"}, {"start": "00:36:43", "end": "00:36:47", "text": "lower taxes. We need to get regulation"}, {"start": "00:36:45", "end": "00:36:49", "text": "out of the way of the schools and the"}, {"start": "00:36:47", "end": "00:36:51", "text": "police forces so that people can make"}, {"start": "00:36:49", "end": "00:36:54", "text": "their cities livable again and so that"}, {"start": "00:36:51", "end": "00:36:55", "text": "public education can work again. Those"}, {"start": "00:36:54", "end": "00:36:57", "text": "are all things that are absolute mustd"}, {"start": "00:36:55", "end": "00:36:58", "text": "dos and they're not going to happen"}, {"start": "00:36:57", "end": "00:37:00", "text": "unfortunately. Now, when you say cut"}, {"start": "00:36:58", "end": "00:37:02", "text": "government spending, obviously President"}, {"start": "00:37:00", "end": "00:37:04", "text": "Trump ran as this is one of the key"}, {"start": "00:37:02", "end": "00:37:07", "text": "components of his uh campaign. Uh Elon"}, {"start": "00:37:04", "end": "00:37:08", "text": "Musk, who is probably the best in the"}, {"start": "00:37:07", "end": "00:37:10", "text": "world. I think people would or at least"}, {"start": "00:37:08", "end": "00:37:11", "text": "one of the best at cutting costs."}, {"start": "00:37:10", "end": "00:37:12", "text": ">> Remember, they're going to cut a"}, {"start": "00:37:11", "end": "00:37:14", "text": "trillion dollars in spending"}, {"start": "00:37:12", "end": "00:37:16", "text": ">> it. Well, and here's the part. I I was"}, {"start": "00:37:14", "end": "00:37:17", "text": "somebody who was very bullish and"}, {"start": "00:37:16", "end": "00:37:18", "text": "optimistic on their ability to do it"}, {"start": "00:37:17", "end": "00:37:21", "text": "mainly because they were going to take"}, {"start": "00:37:18", "end": "00:37:23", "text": "Elon. He was going to go in and do the"}, {"start": "00:37:21", "end": "00:37:24", "text": "things that no one else was going to do,"}, {"start": "00:37:23", "end": "00:37:26", "text": "right? That that was kind of the the"}, {"start": "00:37:24", "end": "00:37:28", "text": "pitch. That was the promise of it. Um,"}, {"start": "00:37:26", "end": "00:37:29", "text": "and we saw that in the beginning. I"}, {"start": "00:37:28", "end": "00:37:30", "text": "mean, they were literally inside of"}, {"start": "00:37:29", "end": "00:37:32", "text": "buildings and the politicians were at"}, {"start": "00:37:30", "end": "00:37:32", "text": "the door like banging on the doors,"}, {"start": "00:37:32", "end": "00:37:34", "text": "right?"}, {"start": "00:37:32", "end": "00:37:36", "text": ">> As I recall, he got a black eye and got"}, {"start": "00:37:34", "end": "00:37:39", "text": "kicked out and no spending got cut."}, {"start": "00:37:36", "end": "00:37:42", "text": ">> So, describe a little as to is that"}, {"start": "00:37:39", "end": "00:37:43", "text": "because there is no ability to do this"}, {"start": "00:37:42", "end": "00:37:45", "text": "like do you think it was the Trump"}, {"start": "00:37:43", "end": "00:37:46", "text": "administration saying, \"Hey, we actually"}, {"start": "00:37:45", "end": "00:37:47", "text": "don't want to cut the spending.\" Or do"}, {"start": "00:37:46", "end": "00:37:50", "text": "you think there's some big blog?"}, {"start": "00:37:47", "end": "00:37:51", "text": ">> K bono. K bono. Who who wins with the"}, {"start": "00:37:50", "end": "00:37:53", "text": "spending? All the people have all the"}, {"start": "00:37:51", "end": "00:37:55", "text": "power. Who loses with the spending? The"}, {"start": "00:37:53", "end": "00:37:57", "text": "regular American. So, what's going to"}, {"start": "00:37:55", "end": "00:37:58", "text": "keep happening? They're going to they're"}, {"start": "00:37:57", "end": "00:38:00", "text": "going to do what they always do. They're"}, {"start": "00:37:58", "end": "00:38:01", "text": "going to keep spending until they can't"}, {"start": "00:38:00", "end": "00:38:04", "text": "spend anymore. And then they're going to"}, {"start": "00:38:01", "end": "00:38:07", "text": "find a way to blame it on speculators"}, {"start": "00:38:04", "end": "00:38:09", "text": "like Nixon did in 1971. He said that he"}, {"start": "00:38:07", "end": "00:38:12", "text": "said that the break with gold was"}, {"start": "00:38:09", "end": "00:38:13", "text": "temporary. He said it three times. And"}, {"start": "00:38:12", "end": "00:38:15", "text": "he said that it was because of"}, {"start": "00:38:13", "end": "00:38:18", "text": "speculators."}, {"start": "00:38:15", "end": "00:38:19", "text": "Towden County. I think this is uh"}, {"start": "00:38:18", "end": "00:38:21", "text": "something people really don't"}, {"start": "00:38:19", "end": "00:38:23", "text": "understand. Lowden County, uh, might as"}, {"start": "00:38:21", "end": "00:38:26", "text": "well just call it DC, right? Uh it is"}, {"start": "00:38:23", "end": "00:38:28", "text": "the wealthiest county in America. Uh"}, {"start": "00:38:26", "end": "00:38:30", "text": "describe how does that happen?"}, {"start": "00:38:28", "end": "00:38:32", "text": ">> Well, you know how it happens. All these"}, {"start": "00:38:30", "end": "00:38:33", "text": "all these people have all these side"}, {"start": "00:38:32", "end": "00:38:36", "text": "deals. They have all this money that"}, {"start": "00:38:33", "end": "00:38:38", "text": "gets gets sent to them. Um government"}, {"start": "00:38:36", "end": "00:38:41", "text": "procurement process is is you know"}, {"start": "00:38:38", "end": "00:38:45", "text": "absurd. Um yeah. And by the way, should"}, {"start": "00:38:41", "end": "00:38:46", "text": "it be that way? You know, in 1930, which"}, {"start": "00:38:45", "end": "00:38:50", "text": "is the year that Warren Buffett was"}, {"start": "00:38:46", "end": "00:38:54", "text": "born, the federal government total spend"}, {"start": "00:38:50", "end": "00:38:54", "text": "was 3% of GDP."}, {"start": "00:38:54", "end": "00:38:59", "text": "Now federal government's toll spend is"}, {"start": "00:38:55", "end": "00:39:01", "text": "35% of GDP. It's not making our lives"}, {"start": "00:38:59", "end": "00:39:04", "text": "better. It's making all the people who"}, {"start": "00:39:01", "end": "00:39:06", "text": "live around the beltway lives better. Um"}, {"start": "00:39:04", "end": "00:39:09", "text": "it's it's it's not the way we should"}, {"start": "00:39:06", "end": "00:39:12", "text": "organize our society or our economy. And"}, {"start": "00:39:09", "end": "00:39:14", "text": "unfortunately it it because there is no"}, {"start": "00:39:12", "end": "00:39:16", "text": "market mechanism, there is no"}, {"start": "00:39:14", "end": "00:39:18", "text": "self-correcting mechanism. It's it's"}, {"start": "00:39:16", "end": "00:39:20", "text": "it's going to cause a a really big"}, {"start": "00:39:18", "end": "00:39:22", "text": "crisis and it's going to arrive right on"}, {"start": "00:39:20", "end": "00:39:24", "text": "schedule. Yeah. Well, the Canellian"}, {"start": "00:39:22", "end": "00:39:25", "text": "effect of just like whoever's closest to"}, {"start": "00:39:24", "end": "00:39:27", "text": "the spot, they get paid. The"}, {"start": "00:39:25", "end": "00:39:29", "text": ">> Canellian effect. Yeah. What we're"}, {"start": "00:39:27", "end": "00:39:31", "text": "essentially seeing is those people in"}, {"start": "00:39:29", "end": "00:39:32", "text": "Lowden County, they are the ones who run"}, {"start": "00:39:31", "end": "00:39:33", "text": "the NOS's. They're the ones who run the"}, {"start": "00:39:32", "end": "00:39:35", "text": "defense contractors. They're the ones"}, {"start": "00:39:33", "end": "00:39:36", "text": "who are doing all the uh kind of"}, {"start": "00:39:35", "end": "00:39:39", "text": "receiving the money from the procurement"}, {"start": "00:39:36", "end": "00:39:41", "text": "process of the government. And so, if"}, {"start": "00:39:39", "end": "00:39:44", "text": "somebody says, \"Hey, I've got 10"}, {"start": "00:39:41", "end": "00:39:46", "text": "million$10 billion that I now have for a"}, {"start": "00:39:44", "end": "00:39:48", "text": "program.\" Where's that money go? It goes"}, {"start": "00:39:46", "end": "00:39:51", "text": "to the people they know, they like, they"}, {"start": "00:39:48", "end": "00:39:53", "text": "see around town, etc. And that money"}, {"start": "00:39:51", "end": "00:39:56", "text": "somehow never actually makes its way to"}, {"start": "00:39:53", "end": "00:39:56", "text": "the end impact zone. It gets siphoned"}, {"start": "00:39:56", "end": "00:39:58", "text": "off along the way."}, {"start": "00:39:56", "end": "00:40:02", "text": ">> We get the money last. Think about this."}, {"start": "00:39:58", "end": "00:40:06", "text": "The the fiscal deficit this year will be"}, {"start": "00:40:02", "end": "00:40:08", "text": "6% to 7% of GDP."}, {"start": "00:40:06", "end": "00:40:10", "text": "We have full employment and we're"}, {"start": "00:40:08", "end": "00:40:13", "text": "relatively at peace. This is"}, {"start": "00:40:10", "end": "00:40:15", "text": "unprecedented in American history. And"}, {"start": "00:40:13", "end": "00:40:17", "text": "where does all that money go? It goes to"}, {"start": "00:40:15", "end": "00:40:20", "text": "government contractors. They get the"}, {"start": "00:40:17", "end": "00:40:22", "text": "money first. They are able to buy assets"}, {"start": "00:40:20", "end": "00:40:25", "text": "and property and investments before the"}, {"start": "00:40:22", "end": "00:40:26", "text": "inflation hits. They've got it over on"}, {"start": "00:40:25", "end": "00:40:29", "text": "all of us and they're not going to give"}, {"start": "00:40:26", "end": "00:40:31", "text": "up that power. And if you look look at"}, {"start": "00:40:29", "end": "00:40:33", "text": "what happens to anyone who tries to"}, {"start": "00:40:31", "end": "00:40:36", "text": "actually control government spend. What"}, {"start": "00:40:33", "end": "00:40:36", "text": "just happened to congressman uh from"}, {"start": "00:40:36", "end": "00:40:37", "text": "Kentucky last week,"}, {"start": "00:40:36", "end": "00:40:41", "text": ">> Thomas Massie?"}, {"start": "00:40:37", "end": "00:40:43", "text": ">> Yeah. he got primared by his own party"}, {"start": "00:40:41", "end": "00:40:46", "text": "because he had the audacity to question"}, {"start": "00:40:43", "end": "00:40:47", "text": "whether or not the, you know, Trump"}, {"start": "00:40:46", "end": "00:40:49", "text": "spending programs were really in the"}, {"start": "00:40:47", "end": "00:40:51", "text": "best interest of the country."}, {"start": "00:40:49", "end": "00:40:54", "text": ">> Mhm. One of the things that I do think"}, {"start": "00:40:51", "end": "00:40:56", "text": "will uh change sentiment, um I hope this"}, {"start": "00:40:54", "end": "00:40:58", "text": "does not happen this way, but but I I"}, {"start": "00:40:56", "end": "00:41:00", "text": "could foresee. So there's now"}, {"start": "00:40:58", "end": "00:41:01", "text": "essentially two different groups of uh"}, {"start": "00:41:00", "end": "00:41:04", "text": "recipients from government spending."}, {"start": "00:41:01", "end": "00:41:06", "text": "There is the old guard which are all the"}, {"start": "00:41:04", "end": "00:41:09", "text": "traditional uh primes on the defense"}, {"start": "00:41:06", "end": "00:41:11", "text": "side, many of the NOS's etc. There is a"}, {"start": "00:41:09", "end": "00:41:14", "text": "small but fast growing segment of"}, {"start": "00:41:11", "end": "00:41:15", "text": "Silicon Valley that has realized well"}, {"start": "00:41:14", "end": "00:41:17", "text": "hold on a second here. If the"}, {"start": "00:41:15", "end": "00:41:20", "text": "government's going to give out money,"}, {"start": "00:41:17", "end": "00:41:22", "text": ">> I want it one I want it. But also two is"}, {"start": "00:41:20", "end": "00:41:24", "text": "imagine if we can be more efficient with"}, {"start": "00:41:22", "end": "00:41:26", "text": "it and actually produce positive things."}, {"start": "00:41:24", "end": "00:41:27", "text": "Now let's put aside for a second whether"}, {"start": "00:41:26", "end": "00:41:28", "text": "they're going to be successful in"}, {"start": "00:41:27", "end": "00:41:30", "text": "actually delivering the thing that"}, {"start": "00:41:28", "end": "00:41:32", "text": "they're saying. But I do think that the"}, {"start": "00:41:30", "end": "00:41:34", "text": "same way, you know, the average American"}, {"start": "00:41:32", "end": "00:41:36", "text": "hated Wall Street over the last, I don't"}, {"start": "00:41:34", "end": "00:41:38", "text": "know, 40 years or so at different"}, {"start": "00:41:36", "end": "00:41:40", "text": "points, there is quite a bit of backlash"}, {"start": "00:41:38", "end": "00:41:42", "text": "now pointed towards Silicon Valley and"}, {"start": "00:41:40", "end": "00:41:44", "text": "big technology, etc. And so if big"}, {"start": "00:41:42", "end": "00:41:46", "text": "technology starts to become the"}, {"start": "00:41:44", "end": "00:41:48", "text": "recipient of government funds, you could"}, {"start": "00:41:46", "end": "00:41:50", "text": "see easily people starting to yell and"}, {"start": "00:41:48", "end": "00:41:54", "text": "scream about, you know, this program. I"}, {"start": "00:41:50", "end": "00:41:57", "text": "I mean I think I think that in many ways"}, {"start": "00:41:54", "end": "00:41:58", "text": "what for example SpaceX has done has"}, {"start": "00:41:57", "end": "00:42:01", "text": "been great because it has shown the"}, {"start": "00:41:58", "end": "00:42:03", "text": "absolute failure that is NASA. No"}, {"start": "00:42:01", "end": "00:42:05", "text": "surprise. You know government can't"}, {"start": "00:42:03", "end": "00:42:08", "text": "handle the mail. Let's not put them in"}, {"start": "00:42:05", "end": "00:42:10", "text": "charge of space. So the idea that you're"}, {"start": "00:42:08", "end": "00:42:12", "text": "going to go from a cost plus contract to"}, {"start": "00:42:10", "end": "00:42:15", "text": "a competitive bid contract for for the"}, {"start": "00:42:12", "end": "00:42:17", "text": "government primes is a wonderful thing"}, {"start": "00:42:15", "end": "00:42:18", "text": "that would make our military much better"}, {"start": "00:42:17", "end": "00:42:20", "text": "and much more efficient. That'd be"}, {"start": "00:42:18", "end": "00:42:23", "text": "great. The b the problem with that"}, {"start": "00:42:20", "end": "00:42:24", "text": "though is now that it gets much much"}, {"start": "00:42:23", "end": "00:42:26", "text": "more efficient, what will the government"}, {"start": "00:42:24", "end": "00:42:29", "text": "do? It won't spend less. It will spend"}, {"start": "00:42:26", "end": "00:42:32", "text": "more. Oh, this is wonderful. We have now"}, {"start": "00:42:29", "end": "00:42:34", "text": "we we can now our dollars will go"}, {"start": "00:42:32", "end": "00:42:37", "text": "further. So, we should invest more in"}, {"start": "00:42:34", "end": "00:42:41", "text": "these in these kinds of programs. So"}, {"start": "00:42:37", "end": "00:42:44", "text": "yeah, I'm um unfortunately, you know, uh"}, {"start": "00:42:41", "end": "00:42:46", "text": "government spending does not ever stop"}, {"start": "00:42:44", "end": "00:42:49", "text": "and it won't stop until they have"}, {"start": "00:42:46", "end": "00:42:51", "text": "wrecked the economy. And the reality is"}, {"start": "00:42:49", "end": "00:42:52", "text": "you can plot that out on a chart. It's"}, {"start": "00:42:51", "end": "00:42:54", "text": "not hard to see."}, {"start": "00:42:52", "end": "00:42:57", "text": ">> Mhm. Now, we're going to talk in a"}, {"start": "00:42:54", "end": "00:42:59", "text": "minute about how uh somebody watching or"}, {"start": "00:42:57", "end": "00:43:01", "text": "listening to this should navigate or"}, {"start": "00:42:59", "end": "00:43:03", "text": "could navigate this crisis ahead from"}, {"start": "00:43:01", "end": "00:43:04", "text": "their investment portfolio. But before"}, {"start": "00:43:03", "end": "00:43:05", "text": "we do that, I want to talk about Warren"}, {"start": "00:43:04", "end": "00:43:07", "text": "Buffett. Warren Buffett is widely"}, {"start": "00:43:05", "end": "00:43:10", "text": "believed to be the best investor of our"}, {"start": "00:43:07", "end": "00:43:12", "text": "lifetime. Um he has built Birksher into"}, {"start": "00:43:10", "end": "00:43:14", "text": "this massive trillion dollar company. Um"}, {"start": "00:43:12", "end": "00:43:16", "text": "I think most people look at him as you"}, {"start": "00:43:14", "end": "00:43:18", "text": "know he's smart, he's hardworking, he's"}, {"start": "00:43:16", "end": "00:43:20", "text": "been very successful. Um but you"}, {"start": "00:43:18", "end": "00:43:23", "text": "recently wrote a book that highlights"}, {"start": "00:43:20", "end": "00:43:25", "text": "maybe Warren Buffett has significantly"}, {"start": "00:43:23", "end": "00:43:28", "text": "struggled to navigate the last 20 years"}, {"start": "00:43:25", "end": "00:43:29", "text": "or so of this entire thing. Everything"}, {"start": "00:43:28", "end": "00:43:31", "text": "we're talking about from the debasement"}, {"start": "00:43:29", "end": "00:43:33", "text": "of the dollar, the breakdown of society,"}, {"start": "00:43:31", "end": "00:43:35", "text": "the social compact etc."}, {"start": "00:43:33", "end": "00:43:36", "text": "Your argument is that Buffett is"}, {"start": "00:43:35", "end": "00:43:38", "text": "actually not winning in this"}, {"start": "00:43:36", "end": "00:43:38", "text": "environment. Can you just break that"}, {"start": "00:43:38", "end": "00:43:39", "text": "down?"}, {"start": "00:43:38", "end": "00:43:41", "text": ">> Well, I mean, it's just a it's just a"}, {"start": "00:43:39", "end": "00:43:45", "text": "fact. Um, Bergkshire used to outperform"}, {"start": "00:43:41", "end": "00:43:48", "text": "the S&P 500 by 11 points a year, not"}, {"start": "00:43:45", "end": "00:43:51", "text": "basis points, percentage points, you"}, {"start": "00:43:48", "end": "00:43:52", "text": "know, that's incredible. And it was a"}, {"start": "00:43:51", "end": "00:43:53", "text": "great thing for investors because you"}, {"start": "00:43:52", "end": "00:43:55", "text": "didn't have to know anything about"}, {"start": "00:43:53", "end": "00:43:56", "text": "stocks. You could just buy Birkshire and"}, {"start": "00:43:55", "end": "00:43:57", "text": "you're going to beat the market every"}, {"start": "00:43:56", "end": "00:44:00", "text": "year and you don't have to pay for the"}, {"start": "00:43:57", "end": "00:44:03", "text": "manager. It was what a what a deal."}, {"start": "00:44:00", "end": "00:44:05", "text": "Unfortunately, starting in around 2000,"}, {"start": "00:44:03", "end": "00:44:08", "text": "Buffett converted what was an insurance"}, {"start": "00:44:05", "end": "00:44:10", "text": "company with an equity portfolio into a"}, {"start": "00:44:08", "end": "00:44:13", "text": "conglomerate. And in the process, his"}, {"start": "00:44:10", "end": "00:44:16", "text": "capital allocation became woefully less"}, {"start": "00:44:13", "end": "00:44:19", "text": "efficient. But also, it's also true he"}, {"start": "00:44:16", "end": "00:44:21", "text": "turned 70 years old in 2000. So, I'm not"}, {"start": "00:44:19", "end": "00:44:23", "text": "saying that the 80-year-old Buffett is"}, {"start": "00:44:21", "end": "00:44:25", "text": "isn't a brilliant person, certainly"}, {"start": "00:44:23", "end": "00:44:27", "text": "smarter than me, but 80-year-old Buffett"}, {"start": "00:44:25", "end": "00:44:29", "text": "cannot hold a candle to 40-year-old"}, {"start": "00:44:27", "end": "00:44:30", "text": "Buffett. And I think that was a really"}, {"start": "00:44:29", "end": "00:44:32", "text": "big problem at Birkshshire. There was"}, {"start": "00:44:30", "end": "00:44:34", "text": "there was no institutional control at"}, {"start": "00:44:32", "end": "00:44:35", "text": "the board whatsoever. And as a result,"}, {"start": "00:44:34", "end": "00:44:37", "text": "Buffett made a lot of terrible"}, {"start": "00:44:35", "end": "00:44:39", "text": "decisions. And I actually wrote a whole"}, {"start": "00:44:37", "end": "00:44:40", "text": "book about it called Warren's Mistakes"}, {"start": "00:44:39", "end": "00:44:42", "text": "where I show you what would have"}, {"start": "00:44:40", "end": "00:44:45", "text": "happened if instead of say buying Dairy"}, {"start": "00:44:42", "end": "00:44:47", "text": "Queen and taking it private, he instead"}, {"start": "00:44:45", "end": "00:44:49", "text": "just left the 1.6 billion he had"}, {"start": "00:44:47", "end": "00:44:52", "text": "invested in McDonald's there. And the"}, {"start": "00:44:49", "end": "00:44:55", "text": "delta on that one transaction is $4"}, {"start": "00:44:52", "end": "00:44:56", "text": "billion over the last 25 years. And then"}, {"start": "00:44:55", "end": "00:44:58", "text": "the biggest mistake he made clearly was"}, {"start": "00:44:56", "end": "00:45:00", "text": "buying the railroad and the worst thing"}, {"start": "00:44:58", "end": "00:45:03", "text": "he did was he bought it with Birkshire"}, {"start": "00:45:00", "end": "00:45:05", "text": "stock. I mean this is a disaster. You"}, {"start": "00:45:03", "end": "00:45:07", "text": "take the highest quality equity that"}, {"start": "00:45:05", "end": "00:45:10", "text": "exists in the world and you exchange it"}, {"start": "00:45:07", "end": "00:45:13", "text": "for the equity of a railroad that maybe"}, {"start": "00:45:10", "end": "00:45:16", "text": "maybe makes 1% a year on its asset"}, {"start": "00:45:13", "end": "00:45:18", "text": "value. Disaster. Disaster. So anyways,"}, {"start": "00:45:16", "end": "00:45:19", "text": ">> what would his argument be? So if you"}, {"start": "00:45:18", "end": "00:45:21", "text": "sat down and said, you know, Mr."}, {"start": "00:45:19", "end": "00:45:24", "text": "Buffett, I think you're very smart, but"}, {"start": "00:45:21", "end": "00:45:25", "text": "you made this mistake. Uh this was I've"}, {"start": "00:45:24", "end": "00:45:27", "text": "got a video. You can go see what he"}, {"start": "00:45:25", "end": "00:45:29", "text": "would say because one of my partners,"}, {"start": "00:45:27", "end": "00:45:31", "text": "Arz Khalier, his daughter drew the"}, {"start": "00:45:29", "end": "00:45:34", "text": "lottery ticket to ask a question at the"}, {"start": "00:45:31", "end": "00:45:36", "text": "2018 Berkshire meeting."}, {"start": "00:45:34", "end": "00:45:38", "text": ">> Her name is Daphne Kier. And if you go"}, {"start": "00:45:36", "end": "00:45:40", "text": "on YouTube and you Google Bergkshire"}, {"start": "00:45:38", "end": "00:45:43", "text": "2018 Daphne Kle, you can see her ask"}, {"start": "00:45:40", "end": "00:45:45", "text": "this question. She gets up and she says"}, {"start": "00:45:43", "end": "00:45:47", "text": "Bergkshire Hathaway made his reputation"}, {"start": "00:45:45", "end": "00:45:50", "text": "and and served investors well for 50"}, {"start": "00:45:47", "end": "00:45:52", "text": "years by buying America's very highest"}, {"start": "00:45:50", "end": "00:45:54", "text": "quality publicly traded companies. But"}, {"start": "00:45:52", "end": "00:45:57", "text": "lately, over the last 20 years or so,"}, {"start": "00:45:54", "end": "00:45:59", "text": "you've been buying whole companies that"}, {"start": "00:45:57", "end": "00:46:02", "text": "are of much lower quality. Why are you"}, {"start": "00:45:59", "end": "00:46:04", "text": "doing that? And what they Munger and"}, {"start": "00:46:02", "end": "00:46:06", "text": "Buffett said is, well, second best is"}, {"start": "00:46:04", "end": "00:46:07", "text": "still pretty good."}, {"start": "00:46:06", "end": "00:46:09", "text": ">> That was what that was their answer."}, {"start": "00:46:07", "end": "00:46:12", "text": ">> That was their answer. And what he said"}, {"start": "00:46:09", "end": "00:46:14", "text": "literally is we can't we can't buy"}, {"start": "00:46:12", "end": "00:46:16", "text": "enough good companies at a good price."}, {"start": "00:46:14", "end": "00:46:17", "text": "So, we have to go to this to this lower"}, {"start": "00:46:16", "end": "00:46:18", "text": "quality business."}, {"start": "00:46:17", "end": "00:46:21", "text": ">> Do you agree with that?"}, {"start": "00:46:18", "end": "00:46:23", "text": ">> Of course not. It's ridiculous. Who did"}, {"start": "00:46:21", "end": "00:46:24", "text": "Buffett buy out of the GFC? Everything"}, {"start": "00:46:23", "end": "00:46:27", "text": "in the world was on sale. You could buy"}, {"start": "00:46:24", "end": "00:46:29", "text": "Amazon for $40. They knew what Google"}, {"start": "00:46:27", "end": "00:46:30", "text": "was. That you could buy Google for"}, {"start": "00:46:29", "end": "00:46:32", "text": "nothing out of the GFC. What did they"}, {"start": "00:46:30", "end": "00:46:35", "text": "buy? They bought IBM and Bank of"}, {"start": "00:46:32", "end": "00:46:38", "text": "America. Makes no sense. They bought a"}, {"start": "00:46:35", "end": "00:46:41", "text": "railroad. Makes no sense. They just made"}, {"start": "00:46:38", "end": "00:46:43", "text": "very bad choices. And luckily, they made"}, {"start": "00:46:41", "end": "00:46:45", "text": "one really good choice, which is in 2016"}, {"start": "00:46:43", "end": "00:46:47", "text": "they bought Apple. That's what the kind"}, {"start": "00:46:45", "end": "00:46:48", "text": "of thing that Bergkshire should buy."}, {"start": "00:46:47", "end": "00:46:51", "text": "Berkshire should be the world's best"}, {"start": "00:46:48", "end": "00:46:53", "text": "insurance company partnered with the"}, {"start": "00:46:51", "end": "00:46:56", "text": "very or invested in the very best"}, {"start": "00:46:53", "end": "00:46:58", "text": "companies in the world. And you see this"}, {"start": "00:46:56", "end": "00:47:00", "text": "starting to happen. They've they've"}, {"start": "00:46:58", "end": "00:47:02", "text": "established a big position in Google."}, {"start": "00:47:00", "end": "00:47:04", "text": "But they've also really lost the plot"}, {"start": "00:47:02", "end": "00:47:06", "text": "when it comes to their strategy. What is"}, {"start": "00:47:04", "end": "00:47:08", "text": "Google's sorry what is Bergkshire"}, {"start": "00:47:06", "end": "00:47:10", "text": "strategy? It's use our investment, use"}, {"start": "00:47:08", "end": "00:47:13", "text": "our insurance float to buy the very best"}, {"start": "00:47:10", "end": "00:47:15", "text": "companies in the world and hold them. So"}, {"start": "00:47:13", "end": "00:47:18", "text": "do you ever see them selling American"}, {"start": "00:47:15", "end": "00:47:20", "text": "Express? No. Do they sell Coca-Cola? No."}, {"start": "00:47:18", "end": "00:47:23", "text": "So, why did they sell Apple? Two years"}, {"start": "00:47:20", "end": "00:47:26", "text": "ago, they started selling Apple at about"}, {"start": "00:47:23", "end": "00:47:28", "text": "$150 a share. Today, it's almost $300 a"}, {"start": "00:47:26", "end": "00:47:30", "text": "share. Why? There was no sign that its"}, {"start": "00:47:28", "end": "00:47:32", "text": "moat was declining. There was no sign"}, {"start": "00:47:30", "end": "00:47:35", "text": "that it was investing too heavily in AI."}, {"start": "00:47:32", "end": "00:47:37", "text": "Apple has been a fantastic business."}, {"start": "00:47:35", "end": "00:47:39", "text": "There is no reason to sell it too big."}, {"start": "00:47:37", "end": "00:47:41", "text": ">> That's what they would tell you. But"}, {"start": "00:47:39", "end": "00:47:44", "text": "that's that but but Coca-Cola at one"}, {"start": "00:47:41", "end": "00:47:45", "text": "point was almost half of Birkshire. Who"}, {"start": "00:47:44", "end": "00:47:47", "text": "cares? It's a great business. It's a"}, {"start": "00:47:45", "end": "00:47:49", "text": "good thing, not a bad thing. So,"}, {"start": "00:47:47", "end": "00:47:50", "text": "anyways, I'm very hopeful and I wrote"}, {"start": "00:47:49", "end": "00:47:53", "text": "this book not because I hate Buffett. I"}, {"start": "00:47:50", "end": "00:47:55", "text": "love him. He's an inspiration to me. I"}, {"start": "00:47:53", "end": "00:47:57", "text": "wrote this book because I want to see"}, {"start": "00:47:55", "end": "00:47:59", "text": "Bergkshire restructured. Bergkshire"}, {"start": "00:47:57", "end": "00:48:01", "text": "needs to spin off the um power company."}, {"start": "00:47:59", "end": "00:48:04", "text": "It needs to spin off the railroad and it"}, {"start": "00:48:01", "end": "00:48:06", "text": "needs to spin off its wild sort of mly"}, {"start": "00:48:04", "end": "00:48:09", "text": "collection of very average businesses"}, {"start": "00:48:06", "end": "00:48:11", "text": "like Borchimes, the jewelry company, and"}, {"start": "00:48:09", "end": "00:48:13", "text": "Mrs. Be's furniture mart. These things"}, {"start": "00:48:11", "end": "00:48:15", "text": "are not great businesses. You want to"}, {"start": "00:48:13", "end": "00:48:18", "text": "talk about Delta"}, {"start": "00:48:15", "end": "00:48:20", "text": "Buffett's so famous in 1985 for buying"}, {"start": "00:48:18", "end": "00:48:23", "text": "um Mrs. Be's Nebraska furniture mart for"}, {"start": "00:48:20", "end": "00:48:25", "text": "$80 million something like that. Imagine"}, {"start": "00:48:23", "end": "00:48:28", "text": "if you put $80 million in into into Home"}, {"start": "00:48:25", "end": "00:48:31", "text": "Depot."}, {"start": "00:48:28", "end": "00:48:33", "text": "Home Depot is compounded at 23% a year."}, {"start": "00:48:31", "end": "00:48:34", "text": "The delta would be hundreds of billions"}, {"start": "00:48:33", "end": "00:48:37", "text": "of dollars. That's what I want to see"}, {"start": "00:48:34", "end": "00:48:40", "text": "Bergkshire do again. Spin off most of"}, {"start": "00:48:37", "end": "00:48:42", "text": "the wholly owned businesses. Focus on"}, {"start": "00:48:40", "end": "00:48:44", "text": "insurance. It should buy all of Chub."}, {"start": "00:48:42", "end": "00:48:47", "text": "It's been adding to Chub. should buy all"}, {"start": "00:48:44", "end": "00:48:49", "text": "of Chub, grow the float, and then buy"}, {"start": "00:48:47", "end": "00:48:51", "text": "the very best publicly traded companies"}, {"start": "00:48:49", "end": "00:48:53", "text": "in the world. That's it. And the number"}, {"start": "00:48:51", "end": "00:48:54", "text": "one thing you you you gain as an"}, {"start": "00:48:53", "end": "00:48:56", "text": "investor when you invest in a publicly"}, {"start": "00:48:54", "end": "00:48:58", "text": "traded company instead of building a a"}, {"start": "00:48:56", "end": "00:49:00", "text": "conglomerate or taking a company private"}, {"start": "00:48:58", "end": "00:49:03", "text": "is you don't have to manage it. And"}, {"start": "00:49:00", "end": "00:49:04", "text": "that's a really important thing. Buffett"}, {"start": "00:49:03", "end": "00:49:06", "text": "can do capital allocation for an"}, {"start": "00:49:04", "end": "00:49:09", "text": "insurance company. He can't possibly"}, {"start": "00:49:06", "end": "00:49:11", "text": "manage 78 businesses. And you saw a"}, {"start": "00:49:09", "end": "00:49:12", "text": "management failure throughout Bergkshire"}, {"start": "00:49:11", "end": "00:49:14", "text": "over the last 20 years. Mhm."}, {"start": "00:49:12", "end": "00:49:16", "text": ">> And you think that's specifically"}, {"start": "00:49:14", "end": "00:49:17", "text": "because Bergkshire owned them?"}, {"start": "00:49:16", "end": "00:49:20", "text": ">> I know it's specifically because"}, {"start": "00:49:17", "end": "00:49:22", "text": "Bergkshire owned it. So which is the"}, {"start": "00:49:20", "end": "00:49:25", "text": "very worst railroad in the United"}, {"start": "00:49:22", "end": "00:49:26", "text": "States? Birkers. Which is the very worst"}, {"start": "00:49:25", "end": "00:49:30", "text": "auto insurance company in the United"}, {"start": "00:49:26", "end": "00:49:32", "text": "States? Birkers. Which is the very worst"}, {"start": "00:49:30", "end": "00:49:34", "text": "utility United States? Birkers. What do"}, {"start": "00:49:32", "end": "00:49:37", "text": "these things all have in common? It's"}, {"start": "00:49:34", "end": "00:49:39", "text": "not industry, it's ownership. They're"}, {"start": "00:49:37", "end": "00:49:42", "text": "very, very poorly managed and they have"}, {"start": "00:49:39", "end": "00:49:46", "text": "been for decades. And that's because"}, {"start": "00:49:42", "end": "00:49:48", "text": "Warren is obviously not a manager."}, {"start": "00:49:46", "end": "00:49:52", "text": "Now, when you think through this, how"}, {"start": "00:49:48", "end": "00:49:54", "text": "much of their struggles are um bad"}, {"start": "00:49:52", "end": "00:49:56", "text": "decision-m, you know, m misjudgment,"}, {"start": "00:49:54", "end": "00:49:58", "text": "whatever you want to call it, versus no,"}, {"start": "00:49:56", "end": "00:49:59", "text": "there's just a debasement of the dollar"}, {"start": "00:49:58", "end": "00:50:00", "text": "and they have not kind of"}, {"start": "00:49:59", "end": "00:50:02", "text": ">> I don't think it has anything to do with"}, {"start": "00:50:00", "end": "00:50:05", "text": "the debasement of the dollar. This is a"}, {"start": "00:50:02", "end": "00:50:07", "text": "very simple to understand structural"}, {"start": "00:50:05", "end": "00:50:09", "text": "mismatch and an insurance company a"}, {"start": "00:50:07", "end": "00:50:11", "text": "property and cash to the insurance"}, {"start": "00:50:09", "end": "00:50:13", "text": "company has to be equity funded. The"}, {"start": "00:50:11", "end": "00:50:15", "text": "regulators demand it and so does the"}, {"start": "00:50:13", "end": "00:50:18", "text": "business model. You need a huge equity"}, {"start": "00:50:15", "end": "00:50:20", "text": "cushion so that when there is a cat when"}, {"start": "00:50:18", "end": "00:50:22", "text": "there is a catastrophe when there is a a"}, {"start": "00:50:20", "end": "00:50:25", "text": "bad underwriting year you can survive."}, {"start": "00:50:22", "end": "00:50:28", "text": "So you have to fund an insurance company"}, {"start": "00:50:25", "end": "00:50:30", "text": "with equity. For things like a utility"}, {"start": "00:50:28", "end": "00:50:32", "text": "or a railroad or a retailer, you want to"}, {"start": "00:50:30", "end": "00:50:34", "text": "fund all those businesses with debt"}, {"start": "00:50:32", "end": "00:50:36", "text": "capital, not equity capital, because the"}, {"start": "00:50:34", "end": "00:50:38", "text": "debt capital is much cheaper and the"}, {"start": "00:50:36", "end": "00:50:42", "text": "pricing in those businesses is really"}, {"start": "00:50:38", "end": "00:50:45", "text": "very very important. And so you cannot"}, {"start": "00:50:42", "end": "00:50:48", "text": "since they've owned um BNSF, the"}, {"start": "00:50:45", "end": "00:50:51", "text": "railroad, they have had to invest $22"}, {"start": "00:50:48", "end": "00:50:53", "text": "billion above depreciation in that"}, {"start": "00:50:51", "end": "00:50:55", "text": "railroad. You cannot do that with equity"}, {"start": "00:50:53", "end": "00:50:56", "text": "capital. You're never going to make any"}, {"start": "00:50:55", "end": "00:50:58", "text": "money. Why do you think they won't sell"}, {"start": "00:50:56", "end": "00:50:59", "text": "it?"}, {"start": "00:50:58", "end": "00:51:01", "text": ">> I think they won't sell it because of"}, {"start": "00:50:59", "end": "00:51:04", "text": "Buffett. And that sounds obvious, but"}, {"start": "00:51:01", "end": "00:51:06", "text": "let me explain. Buffett is a collector."}, {"start": "00:51:04", "end": "00:51:08", "text": "He has been collecting things since he"}, {"start": "00:51:06", "end": "00:51:11", "text": "was four years old, starting with bottle"}, {"start": "00:51:08", "end": "00:51:14", "text": "tops, golf balls, and he also, of"}, {"start": "00:51:11", "end": "00:51:16", "text": "course, collects people. And so, he's a"}, {"start": "00:51:14", "end": "00:51:19", "text": "collector, and no one no one is going to"}, {"start": "00:51:16", "end": "00:51:20", "text": "break his collection before he dies. So,"}, {"start": "00:51:19", "end": "00:51:21", "text": "I don't think that Birkshire will be"}, {"start": "00:51:20", "end": "00:51:23", "text": "restructured until he dies. But let me"}, {"start": "00:51:21", "end": "00:51:25", "text": "just finish one last thing about the the"}, {"start": "00:51:23", "end": "00:51:27", "text": "structure of Birkshire. The insurance"}, {"start": "00:51:25", "end": "00:51:29", "text": "company is the best in the world, okay?"}, {"start": "00:51:27", "end": "00:51:30", "text": "But it needs to be funded with equity."}, {"start": "00:51:29", "end": "00:51:33", "text": "All those operating businesses need to"}, {"start": "00:51:30", "end": "00:51:35", "text": "be funded with debt. That is a that is a"}, {"start": "00:51:33", "end": "00:51:38", "text": "mismatch to have in the same parent"}, {"start": "00:51:35", "end": "00:51:40", "text": "company. Just a terrible idea. And"}, {"start": "00:51:38", "end": "00:51:42", "text": "eventually it will have to be"}, {"start": "00:51:40", "end": "00:51:46", "text": "restructured because of that basic fact."}, {"start": "00:51:42", "end": "00:51:48", "text": "Okay. Now, let's talk about the average"}, {"start": "00:51:46", "end": "00:51:50", "text": "person who is saying, \"Okay, I"}, {"start": "00:51:48", "end": "00:51:53", "text": "understand the debasement of the dollar."}, {"start": "00:51:50", "end": "00:51:54", "text": "I understand 2029 is this kind of magic"}, {"start": "00:51:53", "end": "00:51:56", "text": "year of all these things coming"}, {"start": "00:51:54", "end": "00:51:59", "text": "together. I understand that there's been"}, {"start": "00:51:56", "end": "00:52:03", "text": "a ripping apart of American society, the"}, {"start": "00:51:59", "end": "00:52:07", "text": "social compact, etc. Um, I am, let's"}, {"start": "00:52:03", "end": "00:52:08", "text": "just say, a a middle-aged person who is,"}, {"start": "00:52:07", "end": "00:52:11", "text": "I don't, let's actually say, between the"}, {"start": "00:52:08", "end": "00:52:12", "text": "ages of 35 and 50. So, I've got, you"}, {"start": "00:52:11", "end": "00:52:15", "text": "know, a couple decades in front of me."}, {"start": "00:52:12", "end": "00:52:17", "text": "Uh maybe I've got a young family and I"}, {"start": "00:52:15", "end": "00:52:18", "text": "need to take whatever capital I have and"}, {"start": "00:52:17", "end": "00:52:20", "text": "whatever capital I'm going to earn in"}, {"start": "00:52:18", "end": "00:52:21", "text": "the coming years and I got to navigate"}, {"start": "00:52:20", "end": "00:52:24", "text": "this"}, {"start": "00:52:21", "end": "00:52:25", "text": ">> and I got a lot of people telling me a"}, {"start": "00:52:24", "end": "00:52:26", "text": "lot of different things. I got some"}, {"start": "00:52:25", "end": "00:52:27", "text": "people who are telling me you need to"}, {"start": "00:52:26", "end": "00:52:29", "text": "have a lot of cash and you should be"}, {"start": "00:52:27", "end": "00:52:30", "text": "saving. I got other people who are"}, {"start": "00:52:29", "end": "00:52:32", "text": "telling me just buy the S&P 500 and"}, {"start": "00:52:30", "end": "00:52:35", "text": "relax. I've got other people telling me"}, {"start": "00:52:32", "end": "00:52:36", "text": "about Bitcoin or AI or space or whatever"}, {"start": "00:52:35", "end": "00:52:39", "text": "cool industry."}, {"start": "00:52:36", "end": "00:52:42", "text": "you point to uh this idea of a permanent"}, {"start": "00:52:39", "end": "00:52:44", "text": "portfolio and in the permanent portfolio"}, {"start": "00:52:42", "end": "00:52:45", "text": "there are uh the general idea if I"}, {"start": "00:52:44", "end": "00:52:47", "text": "understand it correctly is there are"}, {"start": "00:52:45", "end": "00:52:49", "text": "four different allocations in the"}, {"start": "00:52:47", "end": "00:52:51", "text": "traditional permanent portfolio and you"}, {"start": "00:52:49", "end": "00:52:52", "text": "put 25% of your money in each one of"}, {"start": "00:52:51", "end": "00:52:55", "text": "them and those are stocks longdated"}, {"start": "00:52:52", "end": "00:52:57", "text": "treasuries gold and cash and that those"}, {"start": "00:52:55", "end": "00:53:00", "text": "four buckets have done very well if"}, {"start": "00:52:57", "end": "00:53:03", "text": "you've done been 25% in each one of them"}, {"start": "00:53:00", "end": "00:53:04", "text": "over time through cycles etc. talk a"}, {"start": "00:53:03", "end": "00:53:06", "text": "little bit maybe about the traditional"}, {"start": "00:53:04", "end": "00:53:08", "text": "permanent portfolio and then we'll talk"}, {"start": "00:53:06", "end": "00:53:09", "text": "about how you've upgraded this or or"}, {"start": "00:53:08", "end": "00:53:12", "text": "kind of innovated on it."}, {"start": "00:53:09", "end": "00:53:15", "text": ">> So my mentor taught me this back uh in"}, {"start": "00:53:12", "end": "00:53:17", "text": "the mid1 1990s. Harry Brown was a"}, {"start": "00:53:15", "end": "00:53:18", "text": "libertarian philosopher and he was also"}, {"start": "00:53:17", "end": "00:53:21", "text": "twice a presidential candidate for the"}, {"start": "00:53:18", "end": "00:53:23", "text": "Libertarian Party. And it it just"}, {"start": "00:53:21", "end": "00:53:26", "text": "occurred to him being an economist for"}, {"start": "00:53:23", "end": "00:53:29", "text": "40 years that the economy would go"}, {"start": "00:53:26", "end": "00:53:30", "text": "through seasons and and and when there"}, {"start": "00:53:29", "end": "00:53:34", "text": "when there's a growth period you want to"}, {"start": "00:53:30", "end": "00:53:35", "text": "own stocks. Um, but there's a there's a"}, {"start": "00:53:34", "end": "00:53:37", "text": "downside to growth in a paper economy,"}, {"start": "00:53:35", "end": "00:53:39", "text": "which is inflation. So, you want to have"}, {"start": "00:53:37", "end": "00:53:42", "text": "gold be a big component of your"}, {"start": "00:53:39", "end": "00:53:44", "text": "portfolio so that you can convert those"}, {"start": "00:53:42", "end": "00:53:46", "text": "that growth into real money. And then,"}, {"start": "00:53:44", "end": "00:53:48", "text": "of course, there's always um winter."}, {"start": "00:53:46", "end": "00:53:50", "text": "Winter is coming. Sooner or later,"}, {"start": "00:53:48", "end": "00:53:51", "text": "there'll be a recession. Sooner or"}, {"start": "00:53:50", "end": "00:53:53", "text": "later, the economy will slow for a"}, {"start": "00:53:51", "end": "00:53:55", "text": "period of time. And in those seasons,"}, {"start": "00:53:53", "end": "00:53:58", "text": "you really want to have exposure to long"}, {"start": "00:53:55", "end": "00:53:59", "text": "duration fixed income bonds. And then,"}, {"start": "00:53:58", "end": "00:54:01", "text": "of course, you need optionality. You"}, {"start": "00:53:59", "end": "00:54:02", "text": "need to have a buffer to all the"}, {"start": "00:54:01", "end": "00:54:05", "text": "volatility, which is why you have cash"}, {"start": "00:54:02", "end": "00:54:07", "text": "in the portfolio. So, if every year you"}, {"start": "00:54:05", "end": "00:54:09", "text": "put 25% of your money into stocks, 25%"}, {"start": "00:54:07", "end": "00:54:11", "text": "of your money into bonds, 25% of your"}, {"start": "00:54:09", "end": "00:54:13", "text": "money into gold, and 25% of your money"}, {"start": "00:54:11", "end": "00:54:16", "text": "into cash, you'll you'll weather any"}, {"start": "00:54:13", "end": "00:54:19", "text": "season with a plum. And if you do that,"}, {"start": "00:54:16", "end": "00:54:23", "text": "you find that you make um about 7% a"}, {"start": "00:54:19", "end": "00:54:24", "text": "year, which is an equity like return."}, {"start": "00:54:23", "end": "00:54:27", "text": "It's not the full 8% that you would"}, {"start": "00:54:24", "end": "00:54:29", "text": "supposedly get in equities. Um but you"}, {"start": "00:54:27", "end": "00:54:30", "text": "have much less volatility. In fact,"}, {"start": "00:54:29", "end": "00:54:33", "text": "volatility is less than half of the"}, {"start": "00:54:30", "end": "00:54:34", "text": "market. So if you think about this, if"}, {"start": "00:54:33", "end": "00:54:36", "text": "you were just to leverage that a little"}, {"start": "00:54:34", "end": "00:54:37", "text": "bit, you could get better than market"}, {"start": "00:54:36", "end": "00:54:40", "text": "returns at the same amount of"}, {"start": "00:54:37", "end": "00:54:41", "text": "volatility. And that's the real"}, {"start": "00:54:40", "end": "00:54:43", "text": "interesting application of a permanent"}, {"start": "00:54:41", "end": "00:54:46", "text": "portfolio for people. And that is"}, {"start": "00:54:43", "end": "00:54:48", "text": "exactly how Ray Dallio built the largest"}, {"start": "00:54:46", "end": "00:54:50", "text": "hedge fund in the world. He took Harry's"}, {"start": "00:54:48", "end": "00:54:53", "text": "Harry's idea, he tweaked it a little"}, {"start": "00:54:50", "end": "00:54:55", "text": "bit. He actually made it more focused on"}, {"start": "00:54:53", "end": "00:54:56", "text": "fixed income and it's done very very"}, {"start": "00:54:55", "end": "00:54:59", "text": "well for people. That's the all-weather"}, {"start": "00:54:56", "end": "00:55:00", "text": "fund at at Bridgewwater."}, {"start": "00:54:59", "end": "00:55:02", "text": "What I did was I took I took a look at"}, {"start": "00:55:00", "end": "00:55:05", "text": "this and I thought, well, unfortunately"}, {"start": "00:55:02", "end": "00:55:08", "text": "Harry uh passed away in ' 06, so he"}, {"start": "00:55:05", "end": "00:55:11", "text": "never saw Bitcoin. And I also don't"}, {"start": "00:55:08", "end": "00:55:14", "text": "think he really could even really"}, {"start": "00:55:11", "end": "00:55:16", "text": "imagine how dire the US Treasury's"}, {"start": "00:55:14", "end": "00:55:18", "text": "financial position would become. So I"}, {"start": "00:55:16", "end": "00:55:20", "text": "personally do not believe that longdated"}, {"start": "00:55:18", "end": "00:55:23", "text": "fixed income is investable right now."}, {"start": "00:55:20", "end": "00:55:25", "text": "It's just the how are you going to make"}, {"start": "00:55:23", "end": "00:55:28", "text": "money in long dated fixed income when"}, {"start": "00:55:25", "end": "00:55:31", "text": "you know even even riskier bonds are"}, {"start": "00:55:28", "end": "00:55:33", "text": "only yielding 10% and inflation as I"}, {"start": "00:55:31", "end": "00:55:36", "text": "count it is running 12. It's just a"}, {"start": "00:55:33", "end": "00:55:39", "text": "really bad outcome. So I don't think um"}, {"start": "00:55:36", "end": "00:55:42", "text": "the long long data fix is vestible right"}, {"start": "00:55:39", "end": "00:55:45", "text": "now. And of course um gold has been a"}, {"start": "00:55:42", "end": "00:55:47", "text": "wonderful hedge to all of this financial"}, {"start": "00:55:45", "end": "00:55:49", "text": "mayhem."}, {"start": "00:55:47", "end": "00:55:50", "text": "And then there's cash. So what I said"}, {"start": "00:55:49", "end": "00:55:52", "text": "is, you know, let's let's bring this"}, {"start": "00:55:50", "end": "00:55:54", "text": "into the modern world. Um, instead of"}, {"start": "00:55:52", "end": "00:55:56", "text": "owning bonds, let's own property and"}, {"start": "00:55:54", "end": "00:55:57", "text": "casualty insurance companies because"}, {"start": "00:55:56", "end": "00:55:59", "text": "there you have an underwriting unit"}, {"start": "00:55:57", "end": "00:56:00", "text": "which is going to hopefully make you"}, {"start": "00:55:59", "end": "00:56:02", "text": "some money, but you also have the"}, {"start": "00:56:00", "end": "00:56:04", "text": "ability to actively manage the yield"}, {"start": "00:56:02", "end": "00:56:08", "text": "curve. And a great example of that is WR"}, {"start": "00:56:04", "end": "00:56:11", "text": "Berkeley. In 2020, when the Fed took"}, {"start": "00:56:08", "end": "00:56:13", "text": "rates all the way under 1%."}, {"start": "00:56:11", "end": "00:56:14", "text": "WR Berkeley moved their entire bond"}, {"start": "00:56:13", "end": "00:56:16", "text": "portfolio from an average duration of"}, {"start": "00:56:14", "end": "00:56:19", "text": "about 5 years all the way down to an"}, {"start": "00:56:16", "end": "00:56:21", "text": "average duration of 90 days. They said,"}, {"start": "00:56:19", "end": "00:56:22", "text": "\"If you're not going to pay us to take"}, {"start": "00:56:21", "end": "00:56:25", "text": "the inflation risk, we're not going to"}, {"start": "00:56:22", "end": "00:56:27", "text": "own that paper.\" And if you look at how"}, {"start": "00:56:25", "end": "00:56:30", "text": "WR Berkeley stock performed in 2020 and"}, {"start": "00:56:27", "end": "00:56:31", "text": "2021, and 2022 as all that materialized,"}, {"start": "00:56:30", "end": "00:56:33", "text": "they're by far the best performing"}, {"start": "00:56:31", "end": "00:56:34", "text": "property and casualty insurance company."}, {"start": "00:56:33", "end": "00:56:36", "text": "They did great for investors because"}, {"start": "00:56:34", "end": "00:56:38", "text": "they managed the risk in the bond"}, {"start": "00:56:36", "end": "00:56:41", "text": "market. So, so your argument is instead"}, {"start": "00:56:38", "end": "00:56:43", "text": "of just direct bond exposure, if you"}, {"start": "00:56:41", "end": "00:56:44", "text": "supplement that or or replace that with"}, {"start": "00:56:43", "end": "00:56:46", "text": "these property and cash insurance,"}, {"start": "00:56:44", "end": "00:56:48", "text": "you're still getting underlying bond"}, {"start": "00:56:46", "end": "00:56:51", "text": "exposure. You're getting the active"}, {"start": "00:56:48", "end": "00:56:52", "text": "management of bond exposure. You're also"}, {"start": "00:56:51", "end": "00:56:53", "text": "getting the premium the premium kind of"}, {"start": "00:56:52", "end": "00:56:55", "text": "cash flow component."}, {"start": "00:56:53", "end": "00:56:58", "text": ">> So, if you own WR Berkeley, it's a it's"}, {"start": "00:56:55", "end": "00:57:00", "text": "a $30 billion market cap company. Their"}, {"start": "00:56:58", "end": "00:57:02", "text": "bond portfolio is $35 billion. What do"}, {"start": "00:57:00", "end": "00:57:03", "text": "you own? You own a pile of bonds. If you"}, {"start": "00:57:02", "end": "00:57:04", "text": "buy Chub, what do you own? You own a"}, {"start": "00:57:03", "end": "00:57:05", "text": "pile of bonds. If you own Travelers,"}, {"start": "00:57:04", "end": "00:57:07", "text": "what do you own? You own a pile of"}, {"start": "00:57:05", "end": "00:57:10", "text": "bonds. you own a pile of bonds with a"}, {"start": "00:57:07", "end": "00:57:12", "text": "with a um uh an underwriting uh group on"}, {"start": "00:57:10", "end": "00:57:14", "text": "top and hopefully makes a little bit of"}, {"start": "00:57:12", "end": "00:57:15", "text": "money on underwriting and then owns a"}, {"start": "00:57:14", "end": "00:57:17", "text": "big bond portfolio. So, you're owning"}, {"start": "00:57:15", "end": "00:57:19", "text": "bonds anyways, but you're owning them in"}, {"start": "00:57:17", "end": "00:57:22", "text": "a way that's actively managed with"}, {"start": "00:57:19", "end": "00:57:23", "text": "underwriting profits in addition. Okay?"}, {"start": "00:57:22", "end": "00:57:27", "text": "Now, I also don't think you should just"}, {"start": "00:57:23", "end": "00:57:30", "text": "buy stocks today because when when Harry"}, {"start": "00:57:27", "end": "00:57:32", "text": "in the 1970s was was building out this"}, {"start": "00:57:30", "end": "00:57:34", "text": "model, the S&P 500 was broadly"}, {"start": "00:57:32", "end": "00:57:36", "text": "diversified. Today, there's like what,"}, {"start": "00:57:34", "end": "00:57:39", "text": "four companies that make up 40% of the"}, {"start": "00:57:36", "end": "00:57:41", "text": "index. If you buy the S&P 500, you're"}, {"start": "00:57:39", "end": "00:57:44", "text": "really buying a pretty intense tech"}, {"start": "00:57:41", "end": "00:57:46", "text": "portfolio. And that might be great this"}, {"start": "00:57:44", "end": "00:57:47", "text": "year, but it's sooner or later there's"}, {"start": "00:57:46", "end": "00:57:49", "text": "going to be a correction, and that might"}, {"start": "00:57:47", "end": "00:57:51", "text": "give you a lot more volatility than you"}, {"start": "00:57:49", "end": "00:57:53", "text": "were expecting. So instead I I came up"}, {"start": "00:57:51", "end": "00:57:55", "text": "with a different strategy for investing"}, {"start": "00:57:53", "end": "00:57:58", "text": "in stocks which is that rather than"}, {"start": "00:57:55", "end": "00:58:00", "text": "focus on the biggest companies or the or"}, {"start": "00:57:58", "end": "00:58:01", "text": "the tech companies instead what I want"}, {"start": "00:58:00", "end": "00:58:03", "text": "to do is I want a cross-section of the"}, {"start": "00:58:01", "end": "00:58:06", "text": "economy where I own the oldest"}, {"start": "00:58:03", "end": "00:58:07", "text": "companies. And now why the oldest"}, {"start": "00:58:06", "end": "00:58:09", "text": "companies? Well because they have proven"}, {"start": "00:58:07", "end": "00:58:11", "text": "through many cycles that they're that"}, {"start": "00:58:09", "end": "00:58:12", "text": "they're resilient. So this is I call"}, {"start": "00:58:11", "end": "00:58:14", "text": "this lendy investing. And of course"}, {"start": "00:58:12", "end": "00:58:16", "text": "there's a whole theory behind it but so"}, {"start": "00:58:14", "end": "00:58:17", "text": "I I don't want to just buy the S&P 500."}, {"start": "00:58:16", "end": "00:58:19", "text": "I want to buy Lindy stocks. I don't want"}, {"start": "00:58:17", "end": "00:58:21", "text": "to buy bonds. I want to buy insurance"}, {"start": "00:58:19", "end": "00:58:22", "text": "companies. And when it comes to gold,"}, {"start": "00:58:21", "end": "00:58:24", "text": ">> ju just real quick before we continue."}, {"start": "00:58:22", "end": "00:58:26", "text": "The Lindy stocks themselves uh describe"}, {"start": "00:58:24", "end": "00:58:27", "text": "a little bit as to the oldest companies."}, {"start": "00:58:26", "end": "00:58:28", "text": "What are you looking for?"}, {"start": "00:58:27", "end": "00:58:30", "text": ">> So, who's the oldest who's the oldest uh"}, {"start": "00:58:28", "end": "00:58:31", "text": "semiconductor company in the United"}, {"start": "00:58:30", "end": "00:58:34", "text": "States? It's Texas Instruments. They"}, {"start": "00:58:31", "end": "00:58:35", "text": "started in 1930. All right. Uh who's the"}, {"start": "00:58:34", "end": "00:58:38", "text": "oldest pharmaceutical company in the"}, {"start": "00:58:35", "end": "00:58:40", "text": "United States? It's Merc. Who's the um"}, {"start": "00:58:38", "end": "00:58:43", "text": "who's the oldest um oil and gas royalty"}, {"start": "00:58:40", "end": "00:58:46", "text": "firm? Texas Pacific Land. So, I go back"}, {"start": "00:58:43", "end": "00:58:49", "text": "and I just find the oldest stocks and we"}, {"start": "00:58:46", "end": "00:58:52", "text": "invest in a in a in in 20 of those"}, {"start": "00:58:49", "end": "00:58:54", "text": "names. So, we have Broly diversified,"}, {"start": "00:58:52", "end": "00:58:58", "text": "but we're selecting based on not just"}, {"start": "00:58:54", "end": "00:58:59", "text": "quality, but also duration. And I think"}, {"start": "00:58:58", "end": "00:59:02", "text": "that's going to give me a return that"}, {"start": "00:58:59", "end": "00:59:04", "text": "beats the S&P 500 and is also less"}, {"start": "00:59:02", "end": "00:59:06", "text": "volatile. Makes sense. Okay. Gold."}, {"start": "00:59:04", "end": "00:59:10", "text": ">> And then gold. The gold bucket. So, I"}, {"start": "00:59:06", "end": "00:59:13", "text": "reallocate every year 20% to gold. But"}, {"start": "00:59:10", "end": "00:59:15", "text": "again, when Harry built this originally,"}, {"start": "00:59:13", "end": "00:59:18", "text": "the only way to really invest in gold"}, {"start": "00:59:15", "end": "00:59:19", "text": "was to buy bullion there. You don't"}, {"start": "00:59:18", "end": "00:59:22", "text": "really want to ever buy a gold mine,"}, {"start": "00:59:19", "end": "00:59:23", "text": "believe it or not, because gold mining"}, {"start": "00:59:22", "end": "00:59:26", "text": "is a very, very tough business. Very low"}, {"start": "00:59:23", "end": "00:59:28", "text": "margin, very capital intensive. That all"}, {"start": "00:59:26", "end": "00:59:31", "text": "changed when Franco Nevada came around"}, {"start": "00:59:28", "end": "00:59:34", "text": "in the early 1980s. They pioneered the"}, {"start": "00:59:31", "end": "00:59:36", "text": "royalty model in gold mining. So, I love"}, {"start": "00:59:34", "end": "00:59:39", "text": "gold royalty stocks. It's been one of my"}, {"start": "00:59:36", "end": "00:59:40", "text": "highest returns of my career. and Franco"}, {"start": "00:59:39", "end": "00:59:42", "text": "Nevada, of course, is the granddaddy of"}, {"start": "00:59:40", "end": "00:59:44", "text": "them and the and the very best managed."}, {"start": "00:59:42", "end": "00:59:46", "text": "So, I'm gonna own bullion. I'm gonna own"}, {"start": "00:59:44", "end": "00:59:48", "text": "Franco Nevada, and I'm going to own"}, {"start": "00:59:46", "end": "00:59:51", "text": "Bitcoin. I'm gonna own three forms of"}, {"start": "00:59:48", "end": "00:59:53", "text": "sound currency, which gives me a little"}, {"start": "00:59:51", "end": "00:59:55", "text": "bit more diversification, a little less"}, {"start": "00:59:53", "end": "00:59:57", "text": "volatility, but it's basically just"}, {"start": "00:59:55", "end": "00:59:58", "text": "sound money in three different forms."}, {"start": "00:59:57", "end": "01:00:01", "text": "And then, of course, we're going to own"}, {"start": "00:59:58", "end": "01:00:04", "text": "cash. And Harry, his idea was you'd"}, {"start": "01:00:01", "end": "01:00:07", "text": "always have 25% in cash. My idea is that"}, {"start": "01:00:04", "end": "01:00:10", "text": "you should you should vary that based on"}, {"start": "01:00:07", "end": "01:00:14", "text": "market conditions. Um"}, {"start": "01:00:10", "end": "01:00:15", "text": "on March 24th of 2020, I I went on I I"}, {"start": "01:00:14", "end": "01:00:17", "text": "hosted a webinar for all the customers"}, {"start": "01:00:15", "end": "01:00:20", "text": "of Marketwise and I was pounding the"}, {"start": "01:00:17", "end": "01:00:21", "text": "table on buying stocks and I said, \"This"}, {"start": "01:00:20", "end": "01:00:23", "text": "is the very best buying opportunity I've"}, {"start": "01:00:21", "end": "01:00:27", "text": "ever seen in my life. Stocks had fallen"}, {"start": "01:00:23", "end": "01:00:29", "text": "33% in 30 days."}, {"start": "01:00:27", "end": "01:00:32", "text": "I'm buying.\" And so at that time, that's"}, {"start": "01:00:29", "end": "01:00:34", "text": "when you should use your cash. And so in"}, {"start": "01:00:32", "end": "01:00:37", "text": "my opinion your cash should be somewhere"}, {"start": "01:00:34", "end": "01:00:41", "text": "between 25% and 5% depending upon market"}, {"start": "01:00:37", "end": "01:00:43", "text": "conditions. Right now stocks are very"}, {"start": "01:00:41", "end": "01:00:46", "text": "very expensive and interest rates are"}, {"start": "01:00:43", "end": "01:00:48", "text": "rising. So today I would have 25% in"}, {"start": "01:00:46", "end": "01:00:49", "text": "cash waiting for a buying opportunity to"}, {"start": "01:00:48", "end": "01:00:51", "text": "emerge."}, {"start": "01:00:49", "end": "01:00:52", "text": ">> So basically when the market is drawing"}, {"start": "01:00:51", "end": "01:00:54", "text": "down aggressively if you've been sitting"}, {"start": "01:00:52", "end": "01:00:56", "text": "with 25% cash you should be deploying"}, {"start": "01:00:54", "end": "01:00:58", "text": "the cash and drawing your cash down from"}, {"start": "01:00:56", "end": "01:01:00", "text": "25 to 5%. And then obviously as stocks"}, {"start": "01:00:58", "end": "01:01:02", "text": "or other assets start to rise, you're"}, {"start": "01:01:00", "end": "01:01:05", "text": "basically taking some of those profits"}, {"start": "01:01:02", "end": "01:01:06", "text": "and restoring the 25% of cash so that if"}, {"start": "01:01:05", "end": "01:01:07", "text": "there's some sort of buying opportunity"}, {"start": "01:01:06", "end": "01:01:08", "text": "in the future, you can go and deploy"}, {"start": "01:01:07", "end": "01:01:09", "text": "that money."}, {"start": "01:01:08", "end": "01:01:11", "text": ">> That's right. And what I would also"}, {"start": "01:01:09", "end": "01:01:13", "text": "recommend as a slight departure is I"}, {"start": "01:01:11", "end": "01:01:16", "text": "really believe very much in letting my"}, {"start": "01:01:13", "end": "01:01:18", "text": "winners run. So when you go to rebalance"}, {"start": "01:01:16", "end": "01:01:20", "text": "every year, you know, you you you want"}, {"start": "01:01:18", "end": "01:01:22", "text": "to be careful about how you do that. You"}, {"start": "01:01:20", "end": "01:01:24", "text": "you want to let your best stocks grow as"}, {"start": "01:01:22", "end": "01:01:26", "text": "a portion of your portfolio. Um and so"}, {"start": "01:01:24", "end": "01:01:28", "text": "that's that's that's my judgment."}, {"start": "01:01:26", "end": "01:01:30", "text": ">> So what do you do? You sell the losers."}, {"start": "01:01:28", "end": "01:01:31", "text": ">> So I would I would rebalance by selling"}, {"start": "01:01:30", "end": "01:01:33", "text": "the losers. Yes."}, {"start": "01:01:31", "end": "01:01:36", "text": ">> Got it. And um you mentioned in the gold"}, {"start": "01:01:33", "end": "01:01:38", "text": "bucket uh gold streaming and Bitcoin as"}, {"start": "01:01:36", "end": "01:01:39", "text": "two other components. Uh describe a"}, {"start": "01:01:38", "end": "01:01:41", "text": "little bit in terms of the relationship"}, {"start": "01:01:39", "end": "01:01:42", "text": "between gold and Bitcoin and and how you"}, {"start": "01:01:41", "end": "01:01:44", "text": "think of those two assets."}, {"start": "01:01:42", "end": "01:01:45", "text": ">> Oh, that's a great question, Anthony. I"}, {"start": "01:01:44", "end": "01:01:47", "text": "don't think many people know how to"}, {"start": "01:01:45", "end": "01:01:49", "text": "price Bitcoin and I know most people"}, {"start": "01:01:47", "end": "01:01:52", "text": "don't know how to price gold. So I got"}, {"start": "01:01:49", "end": "01:01:54", "text": "taught how to price gold by a very"}, {"start": "01:01:52", "end": "01:01:56", "text": "famous Austrian economist Kurt"}, {"start": "01:01:54", "end": "01:01:59", "text": "Rishabasher. I met Kurt in the late"}, {"start": "01:01:56", "end": "01:02:00", "text": "1990s and he was the last living member"}, {"start": "01:01:59", "end": "01:02:02", "text": "of what's called the Austrian school of"}, {"start": "01:02:00", "end": "01:02:05", "text": "economics. So the the van me the Hayek"}, {"start": "01:02:02", "end": "01:02:09", "text": "guys he was part of that original crew"}, {"start": "01:02:05", "end": "01:02:11", "text": "uh obviously a German fellow and he had"}, {"start": "01:02:09", "end": "01:02:13", "text": "a beautiful beautiful gold pricing model"}, {"start": "01:02:11", "end": "01:02:16", "text": "that he taught me and basically the way"}, {"start": "01:02:13", "end": "01:02:19", "text": "gold price works is it's directly"}, {"start": "01:02:16", "end": "01:02:21", "text": "related to the total amount of global"}, {"start": "01:02:19", "end": "01:02:24", "text": "credit. If you understand that gold is"}, {"start": "01:02:21", "end": "01:02:26", "text": "money, then you know that underneath"}, {"start": "01:02:24", "end": "01:02:29", "text": "every loan, there has to be collateral."}, {"start": "01:02:26", "end": "01:02:32", "text": "There has to be money. And so as global"}, {"start": "01:02:29", "end": "01:02:34", "text": "credit grows, the the the ounces of gold"}, {"start": "01:02:32", "end": "01:02:36", "text": "are not going to grow that fast. So the"}, {"start": "01:02:34", "end": "01:02:38", "text": "price of each ounce has to grow in order"}, {"start": "01:02:36", "end": "01:02:41", "text": "to be the foundation of the credit"}, {"start": "01:02:38", "end": "01:02:44", "text": "system. And so there is a very good"}, {"start": "01:02:41", "end": "01:02:46", "text": "algorithm that can tell me what the"}, {"start": "01:02:44", "end": "01:02:48", "text": "price of gold will be within a range"}, {"start": "01:02:46", "end": "01:02:50", "text": "over the next 3 years because that"}, {"start": "01:02:48", "end": "01:02:53", "text": "credit has already been created and the"}, {"start": "01:02:50", "end": "01:02:55", "text": "the the gold price will have to increase"}, {"start": "01:02:53", "end": "01:02:57", "text": "to match the reserves required by the"}, {"start": "01:02:55", "end": "01:02:59", "text": "credit that's been created."}, {"start": "01:02:57", "end": "01:03:01", "text": ">> Most people look at the price of gold as"}, {"start": "01:02:59", "end": "01:03:04", "text": "the M2 money supply and gold. You're"}, {"start": "01:03:01", "end": "01:03:04", "text": "saying it's M2 plus all global credit as"}, {"start": "01:03:04", "end": "01:03:06", "text": "well."}, {"start": "01:03:04", "end": "01:03:09", "text": ">> It's global credit. It actually isn't"}, {"start": "01:03:06", "end": "01:03:11", "text": "correlated to M2."}, {"start": "01:03:09", "end": "01:03:13", "text": "uh Bitcoin is different. Bitcoin is"}, {"start": "01:03:11", "end": "01:03:16", "text": "directly correlated to banking system"}, {"start": "01:03:13", "end": "01:03:20", "text": "liquidity. So, M2 and other forms of"}, {"start": "01:03:16", "end": "01:03:24", "text": "money and that is why Bitcoin will react"}, {"start": "01:03:20", "end": "01:03:26", "text": "faster to uh monetary intervention. So,"}, {"start": "01:03:24", "end": "01:03:28", "text": "what happened at the bottom COVID"}, {"start": "01:03:26", "end": "01:03:30", "text": "bottom? Bitcoin just went absolutely"}, {"start": "01:03:28", "end": "01:03:32", "text": "straight up. It took gold a little while"}, {"start": "01:03:30", "end": "01:03:34", "text": "about 18 months before it began to react"}, {"start": "01:03:32", "end": "01:03:36", "text": "to it because it took a while to restart"}, {"start": "01:03:34", "end": "01:03:38", "text": "the credit system. So you have gold"}, {"start": "01:03:36", "end": "01:03:40", "text": "that's very correlated to credit and you"}, {"start": "01:03:38", "end": "01:03:44", "text": "have Bitcoin that's very cor correlated"}, {"start": "01:03:40", "end": "01:03:45", "text": "to to uh measures of of of monetary um"}, {"start": "01:03:44", "end": "01:03:46", "text": "uh totals."}, {"start": "01:03:45", "end": "01:03:48", "text": ">> Why do you think that they're correlated"}, {"start": "01:03:46", "end": "01:03:49", "text": "to different things? I think most people"}, {"start": "01:03:48", "end": "01:03:51", "text": "would say, \"Oh, Bitcoin is just digital"}, {"start": "01:03:49", "end": "01:03:53", "text": "gold. Shouldn't they both be correlated"}, {"start": "01:03:51", "end": "01:03:55", "text": "to global credit?\""}, {"start": "01:03:53", "end": "01:03:57", "text": "That is a fantastic question and I"}, {"start": "01:03:55", "end": "01:04:00", "text": "really I don't know the answer to it but"}, {"start": "01:03:57", "end": "01:04:04", "text": "I have a theory and my theory is that"}, {"start": "01:04:00", "end": "01:04:06", "text": "the banking system the ultimate monetary"}, {"start": "01:04:04", "end": "01:04:08", "text": "standard is still gold. So what are all"}, {"start": "01:04:06", "end": "01:04:10", "text": "the central banks buying in the last"}, {"start": "01:04:08", "end": "01:04:11", "text": "four years? They're all buying gold. I'm"}, {"start": "01:04:10", "end": "01:04:13", "text": "not saying there's no central bank in"}, {"start": "01:04:11", "end": "01:04:16", "text": "the world that doesn't buy Bitcoin. I'm"}, {"start": "01:04:13", "end": "01:04:18", "text": "just saying that clearly the global"}, {"start": "01:04:16", "end": "01:04:22", "text": "financial system still is anchored to"}, {"start": "01:04:18", "end": "01:04:26", "text": "gold and so therefore it is the ultimate"}, {"start": "01:04:22", "end": "01:04:28", "text": "um guarantee for credit whereas"}, {"start": "01:04:26", "end": "01:04:31", "text": "um Bitcoin has largely become a"}, {"start": "01:04:28", "end": "01:04:32", "text": "speculative asset that's very correlated"}, {"start": "01:04:31", "end": "01:04:33", "text": "to money."}, {"start": "01:04:32", "end": "01:04:35", "text": ">> Mhm."}, {"start": "01:04:33", "end": "01:04:37", "text": ">> Today's episode is brought to you by"}, {"start": "01:04:35", "end": "01:04:39", "text": "Figure. We all know the DGEN dilemma."}, {"start": "01:04:37", "end": "01:04:41", "text": "You need cash to live your life. Maybe"}, {"start": "01:04:39", "end": "01:04:43", "text": "buy a house, run a business, or buy your"}, {"start": "01:04:41", "end": "01:04:45", "text": "morning coffee. But the second you sell,"}, {"start": "01:04:43", "end": "01:04:47", "text": "you're hit with a massive tax bill and"}, {"start": "01:04:45", "end": "01:04:48", "text": "you lose your seat at the table. That's"}, {"start": "01:04:47", "end": "01:04:50", "text": "why I've been looking into Figure."}, {"start": "01:04:48", "end": "01:04:52", "text": "Instead of selling and triggering a"}, {"start": "01:04:50", "end": "01:04:53", "text": "taxable event, Figure lets you borrow"}, {"start": "01:04:52", "end": "01:04:56", "text": "against your Bitcoin. You get the"}, {"start": "01:04:53", "end": "01:04:59", "text": "liquidity you need at around 8.91%"}, {"start": "01:04:56", "end": "01:05:01", "text": "interest. It's 9.9% APR, but you keep"}, {"start": "01:04:59", "end": "01:05:04", "text": "100% of the upside. Now, I know what"}, {"start": "01:05:01", "end": "01:05:06", "text": "you're thinking. Is my collateral safe?"}, {"start": "01:05:04", "end": "01:05:08", "text": "Figure uses MPC custody. It means your"}, {"start": "01:05:06", "end": "01:05:10", "text": "Bitcoin stays in its own segregated"}, {"start": "01:05:08", "end": "01:05:12", "text": "wallet. It isn't being rehypothecated or"}, {"start": "01:05:10", "end": "01:05:15", "text": "sat on some shaky exchange susceptible"}, {"start": "01:05:12", "end": "01:05:16", "text": "to rug poles or other shadiness. Plus,"}, {"start": "01:05:15", "end": "01:05:19", "text": "they've got optional liquidation"}, {"start": "01:05:16", "end": "01:05:21", "text": "protection for when the market gets well"}, {"start": "01:05:19", "end": "01:05:22", "text": "like the Bitcoin market gets. So, if you"}, {"start": "01:05:21", "end": "01:05:24", "text": "want to stop selling your future to pay"}, {"start": "01:05:22", "end": "01:05:29", "text": "for your present, check my link in the"}, {"start": "01:05:24", "end": "01:05:29", "text": "show notes or go to figurearkets.co/pom."}, {"start": "01:05:31", "end": "01:05:33", "text": "All right, guys. Let's talk about"}, {"start": "01:05:32", "end": "01:05:35", "text": "something that's actually moving the"}, {"start": "01:05:33", "end": "01:05:37", "text": "needle in crypto right now. Arch public."}, {"start": "01:05:35", "end": "01:05:38", "text": "These guys are killing it. They continue"}, {"start": "01:05:37", "end": "01:05:40", "text": "to lead the way in agentic trading."}, {"start": "01:05:38", "end": "01:05:42", "text": "They've got the addition of Arch AI, the"}, {"start": "01:05:40", "end": "01:05:44", "text": "market wave algorithm, and their tax"}, {"start": "01:05:42", "end": "01:05:46", "text": "harvest tool. They have turned this"}, {"start": "01:05:44", "end": "01:05:49", "text": "thing into a true one-stop shop for"}, {"start": "01:05:46", "end": "01:05:50", "text": "automated trading. Now, with over 25,000"}, {"start": "01:05:49", "end": "01:05:52", "text": "users, that includes several corporate"}, {"start": "01:05:50", "end": "01:05:55", "text": "treasuries, asset managers, and"}, {"start": "01:05:52", "end": "01:05:57", "text": "businesses. Their testing phase is over,"}, {"start": "01:05:55", "end": "01:05:59", "text": "done, finished. They've perfected how to"}, {"start": "01:05:57", "end": "01:06:01", "text": "automate advanced trading strategies"}, {"start": "01:05:59", "end": "01:06:04", "text": "without ever taking custody or asking"}, {"start": "01:06:01", "end": "01:06:06", "text": "you for your private keys. That's a key"}, {"start": "01:06:04", "end": "01:06:08", "text": "differentiator. Arch public is an action"}, {"start": "01:06:06", "end": "01:06:10", "text": "speak louder than words type company."}, {"start": "01:06:08", "end": "01:06:13", "text": "You know my type of people. They give"}, {"start": "01:06:10", "end": "01:06:15", "text": "every user access to their platform"}, {"start": "01:06:13", "end": "01:06:17", "text": "absolutely free. You get to test it. You"}, {"start": "01:06:15", "end": "01:06:19", "text": "run the strategies and then you watch"}, {"start": "01:06:17", "end": "01:06:21", "text": "the performance in real time and only"}, {"start": "01:06:19", "end": "01:06:23", "text": "put your real money to work when you are"}, {"start": "01:06:21", "end": "01:06:25", "text": "100% comfortable. That's it. No"}, {"start": "01:06:23", "end": "01:06:28", "text": "pressure, no hidden fees, and no"}, {"start": "01:06:25", "end": "01:06:30", "text": "gotchas. Go to archpubic.com right now"}, {"start": "01:06:28", "end": "01:06:32", "text": "to get started for free. Once you see"}, {"start": "01:06:30", "end": "01:06:35", "text": "how you can accumulate and manage crypto"}, {"start": "01:06:32", "end": "01:06:37", "text": "this way, you'll never trade the same"}, {"start": "01:06:35", "end": "01:06:40", "text": "again. archpubic.com."}, {"start": "01:06:37", "end": "01:06:42", "text": "Go check it out today. Now, uh when you"}, {"start": "01:06:40", "end": "01:06:45", "text": "think about Bitcoin in particular, uh"}, {"start": "01:06:42", "end": "01:06:48", "text": "it's been very interesting for a decade."}, {"start": "01:06:45", "end": "01:06:50", "text": "Bitcoin significantly outperformed gold,"}, {"start": "01:06:48", "end": "01:06:52", "text": "stocks, pretty much anything over the"}, {"start": "01:06:50", "end": "01:06:54", "text": "last 5 years. There are certain points,"}, {"start": "01:06:52", "end": "01:06:56", "text": "depending on what timeline you choose,"}, {"start": "01:06:54", "end": "01:06:58", "text": "where gold has outperformed Bitcoin. Um"}, {"start": "01:06:56", "end": "01:07:00", "text": "even stocks have outperformed Bitcoin."}, {"start": "01:06:58", "end": "01:07:02", "text": "How do you look at Bitcoin today in the,"}, {"start": "01:07:00", "end": "01:07:04", "text": "you know, kind of uh buffet of assets"}, {"start": "01:07:02", "end": "01:07:05", "text": "that you could put into your portfolio?"}, {"start": "01:07:04", "end": "01:07:07", "text": "Is it something you say, \"Look, you got"}, {"start": "01:07:05", "end": "01:07:09", "text": "to have it, but just keep it in a"}, {"start": "01:07:07", "end": "01:07:10", "text": "smaller percentage or do you think that"}, {"start": "01:07:09", "end": "01:07:12", "text": "maybe it's changed the way that people"}, {"start": "01:07:10", "end": "01:07:13", "text": "look at Bitcoin given its lack of"}, {"start": "01:07:12", "end": "01:07:15", "text": "performance compared to some of these"}, {"start": "01:07:13", "end": "01:07:16", "text": "other assets in the last 5 years?\""}, {"start": "01:07:15", "end": "01:07:18", "text": ">> I think Bitcoin has matured as an asset"}, {"start": "01:07:16", "end": "01:07:20", "text": "class. I think it's going to be less"}, {"start": "01:07:18", "end": "01:07:22", "text": "volatile and I think also people are"}, {"start": "01:07:20", "end": "01:07:24", "text": "going to understand it better and see"}, {"start": "01:07:22", "end": "01:07:27", "text": "what it correlates to so that there'll"}, {"start": "01:07:24", "end": "01:07:28", "text": "be a more efficient market for Bitcoin."}, {"start": "01:07:27", "end": "01:07:31", "text": "The reason why gold has outperformed"}, {"start": "01:07:28", "end": "01:07:34", "text": "Bitcoin over the I would say the last"}, {"start": "01:07:31", "end": "01:07:36", "text": "three years is because there have been"}, {"start": "01:07:34", "end": "01:07:38", "text": "there there was until very recently"}, {"start": "01:07:36", "end": "01:07:40", "text": "until last December there was a"}, {"start": "01:07:38", "end": "01:07:41", "text": "concentrated effort to reduce inflation"}, {"start": "01:07:40", "end": "01:07:44", "text": "by reducing the growth in monetary"}, {"start": "01:07:41", "end": "01:07:46", "text": "aggregates. Uh but there was still"}, {"start": "01:07:44", "end": "01:07:48", "text": "booming credit growth absolutely booming"}, {"start": "01:07:46", "end": "01:07:51", "text": "credit growth. So it makes sense that"}, {"start": "01:07:48", "end": "01:07:54", "text": "gold would be outperforming over the"}, {"start": "01:07:51", "end": "01:07:56", "text": "last several years. Um that has all"}, {"start": "01:07:54", "end": "01:07:57", "text": "changed. um people don't pay any"}, {"start": "01:07:56", "end": "01:08:00", "text": "attention to it, but the central bank is"}, {"start": "01:07:57", "end": "01:08:03", "text": "buying bonds again, resumed QE, if you"}, {"start": "01:08:00", "end": "01:08:06", "text": "will, in in December. And it's very"}, {"start": "01:08:03", "end": "01:08:10", "text": "obvious to me that the that that those"}, {"start": "01:08:06", "end": "01:08:12", "text": "purchases of the the Fed's purchases of"}, {"start": "01:08:10", "end": "01:08:14", "text": "our government's bonds is going to have"}, {"start": "01:08:12", "end": "01:08:17", "text": "to increase dramatically over time in"}, {"start": "01:08:14", "end": "01:08:19", "text": "order for them to achieve their their"}, {"start": "01:08:17", "end": "01:08:21", "text": "financing needs at rates that won't"}, {"start": "01:08:19", "end": "01:08:24", "text": "strangle the economy. Mhm. Now, when you"}, {"start": "01:08:21", "end": "01:08:26", "text": "look at uh gold, I think that you see"}, {"start": "01:08:24", "end": "01:08:29", "text": "based on this global credit model, it"}, {"start": "01:08:26", "end": "01:08:30", "text": "going somewhere near $8,000 by 2030ish"}, {"start": "01:08:29", "end": "01:08:32", "text": "or so."}, {"start": "01:08:30", "end": "01:08:35", "text": ">> Yeah. So, right now, gold is actually"}, {"start": "01:08:32", "end": "01:08:37", "text": "quite a bit above my model. Um my model"}, {"start": "01:08:35", "end": "01:08:39", "text": "for gold right now says prices should be"}, {"start": "01:08:37", "end": "01:08:42", "text": "somewhere between $3500 and $4,000 an"}, {"start": "01:08:39", "end": "01:08:43", "text": "ounce. It's going to $8,000 an ounce"}, {"start": "01:08:42", "end": "01:08:45", "text": "over the next 3 years based on credit"}, {"start": "01:08:43", "end": "01:08:47", "text": "that's already been created. So, that's"}, {"start": "01:08:45", "end": "01:08:49", "text": "already b that's already baked in. And"}, {"start": "01:08:47", "end": "01:08:51", "text": "the reason why gold would be above my"}, {"start": "01:08:49", "end": "01:08:52", "text": "model is because a lot of people I'm not"}, {"start": "01:08:51", "end": "01:08:53", "text": "the only person in the world that"}, {"start": "01:08:52", "end": "01:08:55", "text": "understands the Austrian pricing model"}, {"start": "01:08:53", "end": "01:08:57", "text": "for gold. So people can see it's going"}, {"start": "01:08:55", "end": "01:08:59", "text": "much higher and so that that it's normal"}, {"start": "01:08:57", "end": "01:09:01", "text": "that it would be above the model at this"}, {"start": "01:08:59", "end": "01:09:02", "text": "current time in the cycle."}, {"start": "01:09:01", "end": "01:09:04", "text": ">> Does that worry you that there could be"}, {"start": "01:09:02", "end": "01:09:06", "text": "some sort of correction to bring it back"}, {"start": "01:09:04", "end": "01:09:09", "text": "within the models?"}, {"start": "01:09:06", "end": "01:09:12", "text": ">> I've been buying gold every year since"}, {"start": "01:09:09", "end": "01:09:13", "text": "2001 and I've never sold a single ounce."}, {"start": "01:09:12", "end": "01:09:16", "text": "So no, it doesn't bother me. I'm hope"}, {"start": "01:09:13", "end": "01:09:18", "text": "I'm looking forward to it. I would uh I"}, {"start": "01:09:16", "end": "01:09:20", "text": "would put half my portfolio in gold if I"}, {"start": "01:09:18", "end": "01:09:22", "text": "could get it at $3,500 an ounce."}, {"start": "01:09:20", "end": "01:09:24", "text": ">> And then what about uh Bitcoin? Do you"}, {"start": "01:09:22", "end": "01:09:26", "text": "have any sort of price uh you know,"}, {"start": "01:09:24", "end": "01:09:28", "text": "understanding or or way to measure what"}, {"start": "01:09:26", "end": "01:09:28", "text": "Bitcoin actually should be worth in the"}, {"start": "01:09:28", "end": "01:09:31", "text": "future?"}, {"start": "01:09:28", "end": "01:09:33", "text": ">> Uh yeah. Uh my Bitcoin model has uh"}, {"start": "01:09:31", "end": "01:09:36", "text": "average price of Bitcoin today at"}, {"start": "01:09:33", "end": "01:09:36", "text": "134,000. So according to my model, bit B"}, {"start": "01:09:36", "end": "01:09:36", "text": "bit B bit B bit B bit B bit B bit B bit"}, {"start": "01:09:36", "end": "01:09:36", "text": "B bit B bit B bit B bit B bit B bit B"}, {"start": "01:09:36", "end": "01:09:39", "text": "bit B bit B bit B bit B bit B bit B"}, {"start": "01:09:36", "end": "01:09:41", "text": "bitcoin is is as is virtually as as it's"}, {"start": "01:09:39", "end": "01:09:43", "text": "the the mispricing today in Bitcoin is"}, {"start": "01:09:41", "end": "01:09:47", "text": "as long as large as I've ever seen"}, {"start": "01:09:43", "end": "01:09:50", "text": "before in the model and um I think"}, {"start": "01:09:47", "end": "01:09:53", "text": "that's because the tech stocks have been"}, {"start": "01:09:50", "end": "01:09:56", "text": "so strong that all of the risk capital"}, {"start": "01:09:53", "end": "01:09:58", "text": "has fled into Nvidia and then the memory"}, {"start": "01:09:56", "end": "01:10:01", "text": "stocks I mean the performances of these"}, {"start": "01:09:58", "end": "01:10:02", "text": "stocks have really been historic and if"}, {"start": "01:10:01", "end": "01:10:05", "text": "you look at hedge fund allocations and"}, {"start": "01:10:02", "end": "01:10:08", "text": "things like that all of the fast money"}, {"start": "01:10:05", "end": "01:10:10", "text": "has gone into tech stocks and it had to"}, {"start": "01:10:08", "end": "01:10:11", "text": "come out of somewhere. So, I think we're"}, {"start": "01:10:10", "end": "01:10:12", "text": "seeing a great opportunity today in"}, {"start": "01:10:11", "end": "01:10:14", "text": "Bitcoin. The certainly the best"}, {"start": "01:10:12", "end": "01:10:14", "text": "opportunity I've seen in Bitcoin in a"}, {"start": "01:10:14", "end": "01:10:16", "text": "decade."}, {"start": "01:10:14", "end": "01:10:17", "text": ">> Yeah, it's pretty interesting. Um,"}, {"start": "01:10:16", "end": "01:10:19", "text": "another thing that you talk about in"}, {"start": "01:10:17", "end": "01:10:20", "text": "your book, which I found fascinating is"}, {"start": "01:10:19", "end": "01:10:20", "text": "Timberland."}, {"start": "01:10:20", "end": "01:10:24", "text": ">> Yeah."}, {"start": "01:10:20", "end": "01:10:26", "text": ">> And and uh what exactly, you know, the"}, {"start": "01:10:24", "end": "01:10:29", "text": "ability to kind of navigate these um"}, {"start": "01:10:26", "end": "01:10:31", "text": "cycles and crises. just describe maybe"}, {"start": "01:10:29", "end": "01:10:33", "text": "why did you get interested in this and"}, {"start": "01:10:31", "end": "01:10:34", "text": "then how has this performed over the"}, {"start": "01:10:33", "end": "01:10:35", "text": "last century or so?"}, {"start": "01:10:34", "end": "01:10:37", "text": ">> I got interested in it because a"}, {"start": "01:10:35", "end": "01:10:40", "text": "business partner of mine um Steve"}, {"start": "01:10:37", "end": "01:10:41", "text": "Sugarude uh figured out at about the"}, {"start": "01:10:40", "end": "01:10:43", "text": "same time Jeremy Grantham did they they"}, {"start": "01:10:41", "end": "01:10:44", "text": "did it separately that but they both"}, {"start": "01:10:43", "end": "01:10:46", "text": "arrived at the conclusions at roughly"}, {"start": "01:10:44", "end": "01:10:49", "text": "the same time which is the the late 90s"}, {"start": "01:10:46", "end": "01:10:53", "text": "early 2000s that as an asset class"}, {"start": "01:10:49", "end": "01:10:54", "text": "timber had performed as well as equity"}, {"start": "01:10:53", "end": "01:10:57", "text": "but in a way that was completely"}, {"start": "01:10:54", "end": "01:10:59", "text": "uncorrelated to stocks. And so if you"}, {"start": "01:10:57", "end": "01:11:02", "text": "understand the Marowitz theory about"}, {"start": "01:10:59", "end": "01:11:04", "text": "portfolio management, the ideal thing"}, {"start": "01:11:02", "end": "01:11:06", "text": "you can have is a bunch of assets that"}, {"start": "01:11:04", "end": "01:11:09", "text": "are fundamentally uncorrelated. So that"}, {"start": "01:11:06", "end": "01:11:11", "text": "if one goes up, the other one, you know,"}, {"start": "01:11:09", "end": "01:11:13", "text": "can go down and versus vice versa. And"}, {"start": "01:11:11", "end": "01:11:15", "text": "what that does is it reduces your"}, {"start": "01:11:13", "end": "01:11:17", "text": "portfolio volatility so that the"}, {"start": "01:11:15", "end": "01:11:20", "text": "portfolio volatility is actually less"}, {"start": "01:11:17", "end": "01:11:23", "text": "than the individual components. And it's"}, {"start": "01:11:20", "end": "01:11:24", "text": "a really clever ma mathematical proof."}, {"start": "01:11:23", "end": "01:11:27", "text": "Um, he won the Nobel Prize for it in"}, {"start": "01:11:24", "end": "01:11:28", "text": "1990. It's it's really an interesting"}, {"start": "01:11:27", "end": "01:11:31", "text": "thing that every investor should"}, {"start": "01:11:28", "end": "01:11:33", "text": "understand. And anyways, timber makes a"}, {"start": "01:11:31", "end": "01:11:35", "text": "wonderful diversification asset like"}, {"start": "01:11:33", "end": "01:11:37", "text": "gold does. And unfortunately, timber"}, {"start": "01:11:35", "end": "01:11:40", "text": "isn't correlated to gold either. So, if"}, {"start": "01:11:37", "end": "01:11:41", "text": "you're building a permanent portfolio um"}, {"start": "01:11:40", "end": "01:11:45", "text": "and you say to yourself, well, geez, you"}, {"start": "01:11:41", "end": "01:11:47", "text": "know, gold's had a heck of a run um and"}, {"start": "01:11:45", "end": "01:11:50", "text": "it's above the model price, is there"}, {"start": "01:11:47", "end": "01:11:51", "text": "something I could buy instead for now?"}, {"start": "01:11:50", "end": "01:11:53", "text": "Uh timber would be my second best"}, {"start": "01:11:51", "end": "01:11:55", "text": "choice. Mhm. And the idea is basically"}, {"start": "01:11:53", "end": "01:11:58", "text": "that not only do you own the underlying"}, {"start": "01:11:55", "end": "01:12:00", "text": "land, you've got the trees. Those trees"}, {"start": "01:11:58", "end": "01:12:02", "text": "continue to grow, but you're not putting"}, {"start": "01:12:00", "end": "01:12:03", "text": "any money into it. Um, and then as those"}, {"start": "01:12:02", "end": "01:12:04", "text": "are"}, {"start": "01:12:03", "end": "01:12:05", "text": ">> people say that money doesn't grow on"}, {"start": "01:12:04", "end": "01:12:08", "text": "trees, but that's only because they've"}, {"start": "01:12:05", "end": "01:12:10", "text": "never owned timber."}, {"start": "01:12:08", "end": "01:12:13", "text": ">> Now, a huge part of this, I think, is"}, {"start": "01:12:10", "end": "01:12:15", "text": "okay, so I hear uh I should own timber."}, {"start": "01:12:13", "end": "01:12:18", "text": "I get on, you know, I don't know, Zillow"}, {"start": "01:12:15", "end": "01:12:20", "text": "or uh any Loop Net or, you know,"}, {"start": "01:12:18", "end": "01:12:21", "text": "wherever and I say, uh, let me find a"}, {"start": "01:12:20", "end": "01:12:23", "text": "100 acres of land somewhere in the"}, {"start": "01:12:21", "end": "01:12:23", "text": "United States that's got timber on it."}, {"start": "01:12:23", "end": "01:12:25", "text": ">> Yeah,"}, {"start": "01:12:23", "end": "01:12:25", "text": ">> I'm already out. That that seems pretty"}, {"start": "01:12:25", "end": "01:12:27", "text": "hard."}, {"start": "01:12:25", "end": "01:12:29", "text": ">> Well, for a lot of wealthy families is"}, {"start": "01:12:27", "end": "01:12:30", "text": "not hard at all. It's a very sensible"}, {"start": "01:12:29", "end": "01:12:32", "text": "thing to do. Um, there's a lot of"}, {"start": "01:12:30", "end": "01:12:34", "text": "different private investment groups that"}, {"start": "01:12:32", "end": "01:12:36", "text": "can buy and and manage timber for you."}, {"start": "01:12:34", "end": "01:12:38", "text": "Uh, for the investing public though,"}, {"start": "01:12:36", "end": "01:12:41", "text": "it's very simple. Um, Wirehouser is a"}, {"start": "01:12:38", "end": "01:12:42", "text": "100-year-old timber company. It owns 11"}, {"start": "01:12:41", "end": "01:12:44", "text": "million acres of timber in United"}, {"start": "01:12:42", "end": "01:12:47", "text": "States. It's by far the largest uh"}, {"start": "01:12:44", "end": "01:12:48", "text": "timber firm and right now it's trading"}, {"start": "01:12:47", "end": "01:12:51", "text": "at a discount to its replacement cost"}, {"start": "01:12:48", "end": "01:12:53", "text": "and it's yielding more than 3%. The the"}, {"start": "01:12:51", "end": "01:12:56", "text": "key to being a successful timber"}, {"start": "01:12:53", "end": "01:12:58", "text": "investor is that the return on this"}, {"start": "01:12:56", "end": "01:13:01", "text": "asset is well known. The trees go grow"}, {"start": "01:12:58", "end": "01:13:02", "text": "between 3 and 5% a year. So you can map"}, {"start": "01:13:01", "end": "01:13:04", "text": "out what your return is going to be. If"}, {"start": "01:13:02", "end": "01:13:06", "text": "you're buying them at a discount to"}, {"start": "01:13:04", "end": "01:13:08", "text": "replacement cost, then your effectual"}, {"start": "01:13:06", "end": "01:13:10", "text": "yield could be 8% 9% depending upon the"}, {"start": "01:13:08", "end": "01:13:12", "text": "price you pay. And then the most"}, {"start": "01:13:10", "end": "01:13:14", "text": "important thing is being able to"}, {"start": "01:13:12", "end": "01:13:16", "text": "effectively use leverage, especially"}, {"start": "01:13:14", "end": "01:13:19", "text": "when we have a paper currency system. So"}, {"start": "01:13:16", "end": "01:13:22", "text": "if you could get a 4 and a half%"}, {"start": "01:13:19", "end": "01:13:24", "text": "mortgage for 20 years on 10,000 acres of"}, {"start": "01:13:22", "end": "01:13:26", "text": "timber, you're going to make a heck of a"}, {"start": "01:13:24", "end": "01:13:28", "text": "lot of money. And that is essentially"}, {"start": "01:13:26", "end": "01:13:30", "text": "what Wirehouser does for you in a public"}, {"start": "01:13:28", "end": "01:13:32", "text": "form. And it's what all it's how all the"}, {"start": "01:13:30", "end": "01:13:34", "text": "private uh timber groups work as well."}, {"start": "01:13:32", "end": "01:13:36", "text": "So, I would I would just I'd say if"}, {"start": "01:13:34", "end": "01:13:39", "text": "you're interested in and and an asset"}, {"start": "01:13:36", "end": "01:13:42", "text": "that will definitely survive the reset,"}, {"start": "01:13:39", "end": "01:13:43", "text": "uh my two top choices would be gold and"}, {"start": "01:13:42", "end": "01:13:45", "text": "Bitcoin and Timber."}, {"start": "01:13:43", "end": "01:13:47", "text": ">> Now, let's talk about uh the honeycomb"}, {"start": "01:13:45", "end": "01:13:49", "text": "portfolio that you've constructed, which"}, {"start": "01:13:47", "end": "01:13:51", "text": "I think a pretty unique way to think"}, {"start": "01:13:49", "end": "01:13:55", "text": "about investing. Just walk us through"}, {"start": "01:13:51", "end": "01:13:57", "text": "what is that. Well, if you if you study"}, {"start": "01:13:55", "end": "01:14:00", "text": "market widths, you realize that the most"}, {"start": "01:13:57", "end": "01:14:03", "text": "important um single number in your"}, {"start": "01:14:00", "end": "01:14:04", "text": "portfolio is the pair-wise correlation."}, {"start": "01:14:03", "end": "01:14:06", "text": "You want to make sure that the different"}, {"start": "01:14:04", "end": "01:14:09", "text": "things in your portfolio are not"}, {"start": "01:14:06", "end": "01:14:11", "text": "correlated to each other. And if you can"}, {"start": "01:14:09", "end": "01:14:12", "text": "really eliminate pair-wise correlation,"}, {"start": "01:14:11", "end": "01:14:14", "text": "you can have a portfolio that's very low"}, {"start": "01:14:12", "end": "01:14:15", "text": "volatility. And that's very important if"}, {"start": "01:14:14", "end": "01:14:17", "text": "you're going to use any kind of"}, {"start": "01:14:15", "end": "01:14:20", "text": "leverage. And what I've been saying sort"}, {"start": "01:14:17", "end": "01:14:21", "text": "of through the through the lines here is"}, {"start": "01:14:20", "end": "01:14:24", "text": "when you know the dollar is being"}, {"start": "01:14:21", "end": "01:14:26", "text": "devalued, you want to short the dollar."}, {"start": "01:14:24", "end": "01:14:28", "text": "The very best way to short the dollar is"}, {"start": "01:14:26", "end": "01:14:31", "text": "to borrow against it and invest in"}, {"start": "01:14:28", "end": "01:14:33", "text": "highquality productive assets. People do"}, {"start": "01:14:31", "end": "01:14:35", "text": "this all the time in their home, right?"}, {"start": "01:14:33", "end": "01:14:36", "text": "Most people's down payment is 20%. Most"}, {"start": "01:14:35", "end": "01:14:39", "text": "people carry a mortgage that's, you"}, {"start": "01:14:36", "end": "01:14:41", "text": "know, 50% loan to value. But when you"}, {"start": "01:14:39", "end": "01:14:42", "text": "tell them you should borrow money to buy"}, {"start": "01:14:41", "end": "01:14:44", "text": "stock, they look at you with with four"}, {"start": "01:14:42", "end": "01:14:45", "text": "eyes because they're like, \"Well, that"}, {"start": "01:14:44", "end": "01:14:46", "text": "sounds really dangerous.\" And it is"}, {"start": "01:14:45", "end": "01:14:48", "text": "really dangerous if you don't know how"}, {"start": "01:14:46", "end": "01:14:50", "text": "to build a portfolio that has low pair"}, {"start": "01:14:48", "end": "01:14:52", "text": "wise correlations. If you can build a"}, {"start": "01:14:50", "end": "01:14:54", "text": "portfolio such that it has a volatility"}, {"start": "01:14:52", "end": "01:14:57", "text": "that's much less than the stock market,"}, {"start": "01:14:54", "end": "01:15:00", "text": "you can responsibly use a small amount"}, {"start": "01:14:57", "end": "01:15:01", "text": "of leverage 20% 30% you're not going to"}, {"start": "01:15:00", "end": "01:15:03", "text": "have a draw down that results in a"}, {"start": "01:15:01", "end": "01:15:05", "text": "margin call and you can greatly increase"}, {"start": "01:15:03", "end": "01:15:07", "text": "your average returns. More importantly,"}, {"start": "01:15:05", "end": "01:15:09", "text": "you can hedge the the the risk that you"}, {"start": "01:15:07", "end": "01:15:11", "text": "face from dollar to basement. So how do"}, {"start": "01:15:09", "end": "01:15:15", "text": "you do that? And you do that by building"}, {"start": "01:15:11", "end": "01:15:16", "text": "a honeycomb. A honeycomb has something"}, {"start": "01:15:15", "end": "01:15:18", "text": "in the center that's utterly"}, {"start": "01:15:16", "end": "01:15:20", "text": "non-correlated to financial assets."}, {"start": "01:15:18", "end": "01:15:23", "text": "Whether that's gold or timber, up to"}, {"start": "01:15:20", "end": "01:15:25", "text": "you. Some of both is fine, too. And then"}, {"start": "01:15:23", "end": "01:15:27", "text": "around that, you you you ask yourself a"}, {"start": "01:15:25", "end": "01:15:30", "text": "fundamental mathematical question, which"}, {"start": "01:15:27", "end": "01:15:32", "text": "is how many circles can fit into a"}, {"start": "01:15:30", "end": "01:15:35", "text": "plane? And I know I just lost the whole"}, {"start": "01:15:32", "end": "01:15:38", "text": "audience. The idea is there's an area of"}, {"start": "01:15:35", "end": "01:15:40", "text": "economic space in the United States. And"}, {"start": "01:15:38", "end": "01:15:43", "text": "that area of economic space are all the"}, {"start": "01:15:40", "end": "01:15:45", "text": "all of the different companies that are"}, {"start": "01:15:43", "end": "01:15:48", "text": "capable of earning an above average"}, {"start": "01:15:45", "end": "01:15:50", "text": "return on equity. And interestingly,"}, {"start": "01:15:48", "end": "01:15:52", "text": "there's some industries that aren't. So,"}, {"start": "01:15:50", "end": "01:15:54", "text": "you're never going to find a gold mining"}, {"start": "01:15:52", "end": "01:15:56", "text": "company that has an above average return"}, {"start": "01:15:54", "end": "01:15:58", "text": "on equity. It's too hard of a business."}, {"start": "01:15:56", "end": "01:16:00", "text": "You're never going to find an airline"}, {"start": "01:15:58", "end": "01:16:03", "text": "that has an above average return on"}, {"start": "01:16:00", "end": "01:16:07", "text": "equity. So, we exclude all those. and"}, {"start": "01:16:03", "end": "01:16:10", "text": "S&P uh uh standard standard and pores"}, {"start": "01:16:07", "end": "01:16:13", "text": "divides the US economy into 24 separate"}, {"start": "01:16:10", "end": "01:16:15", "text": "industry groups. So we throw out all the"}, {"start": "01:16:13", "end": "01:16:17", "text": "industry groups where there is not a"}, {"start": "01:16:15", "end": "01:16:20", "text": "wellestablished pattern of companies"}, {"start": "01:16:17", "end": "01:16:22", "text": "that can produce good results. And if"}, {"start": "01:16:20", "end": "01:16:25", "text": "you look a little bit further, you go,"}, {"start": "01:16:22", "end": "01:16:27", "text": "okay, where do all the best companies"}, {"start": "01:16:25", "end": "01:16:30", "text": "reside? And so if you if you know the"}, {"start": "01:16:27", "end": "01:16:33", "text": "math behind all this, there's like it's"}, {"start": "01:16:30", "end": "01:16:36", "text": "crazy how paro law the stock market is,"}, {"start": "01:16:33", "end": "01:16:37", "text": "it's something like 3% of all the"}, {"start": "01:16:36", "end": "01:16:40", "text": "companies generate 80% of all the"}, {"start": "01:16:37", "end": "01:16:41", "text": "returns. So then I said, okay, well,"}, {"start": "01:16:40", "end": "01:16:42", "text": "which companies are those? What are the"}, {"start": "01:16:41", "end": "01:16:44", "text": "companies who've done the best over the"}, {"start": "01:16:42", "end": "01:16:46", "text": "last 100 years and what industries are"}, {"start": "01:16:44", "end": "01:16:47", "text": "they are in? And the top one is Philip"}, {"start": "01:16:46", "end": "01:16:49", "text": "Morris. Makes sense. Greatest consumer"}, {"start": "01:16:47", "end": "01:16:52", "text": "product company of all time. The second"}, {"start": "01:16:49", "end": "01:16:53", "text": "one is Vulcan Materials. How does Vulcan"}, {"start": "01:16:52", "end": "01:16:55", "text": "Materials make a lot of money? Don't"}, {"start": "01:16:53", "end": "01:16:57", "text": "they own a bunch of gravel? What's that"}, {"start": "01:16:55", "end": "01:16:59", "text": "about? And the the way they made a lot"}, {"start": "01:16:57", "end": "01:17:01", "text": "of bunch of money is gravel is so"}, {"start": "01:16:59", "end": "01:17:02", "text": "expensive to transport that they end up"}, {"start": "01:17:01", "end": "01:17:04", "text": "with a local monopoly. If you want to"}, {"start": "01:17:02", "end": "01:17:05", "text": "build a road in this county, you got to"}, {"start": "01:17:04", "end": "01:17:07", "text": "go through Vocal Materials because they"}, {"start": "01:17:05", "end": "01:17:08", "text": "own all the gravel and you can't order"}, {"start": "01:17:07", "end": "01:17:10", "text": "it from a different state or from a"}, {"start": "01:17:08", "end": "01:17:11", "text": "different country. It's too heavy. So"}, {"start": "01:17:10", "end": "01:17:12", "text": "that's why they've had such a great"}, {"start": "01:17:11", "end": "01:17:14", "text": "business. So anyways, I went looking for"}, {"start": "01:17:12", "end": "01:17:17", "text": "all this kind of stuff. And what I found"}, {"start": "01:17:14", "end": "01:17:20", "text": "was there's about 10 industry groups"}, {"start": "01:17:17", "end": "01:17:22", "text": "that have power law winning companies."}, {"start": "01:17:20", "end": "01:17:25", "text": "And then I just selected six of them"}, {"start": "01:17:22", "end": "01:17:29", "text": "because you can only have"}, {"start": "01:17:25", "end": "01:17:32", "text": "a maximum of seven circles in a in an in"}, {"start": "01:17:29", "end": "01:17:34", "text": "a existing area. Seven equally sized"}, {"start": "01:17:32", "end": "01:17:37", "text": "circles and a plane. There's a it's a"}, {"start": "01:17:34", "end": "01:17:39", "text": "famous um geometric proof. And what I"}, {"start": "01:17:37", "end": "01:17:43", "text": "figured is that that would allow me to"}, {"start": "01:17:39", "end": "01:17:45", "text": "capture 100% of all of the available"}, {"start": "01:17:43", "end": "01:17:47", "text": "return on equity that is non-correlated"}, {"start": "01:17:45", "end": "01:17:48", "text": "in the stock market. So I then I went"}, {"start": "01:17:47", "end": "01:17:51", "text": "and made sure that each of these"}, {"start": "01:17:48", "end": "01:17:53", "text": "industry groups are non-correlated. And"}, {"start": "01:17:51", "end": "01:17:56", "text": "what I built is a portfolio that only"}, {"start": "01:17:53", "end": "01:17:58", "text": "has a maximum of 14 positions. So it's"}, {"start": "01:17:56", "end": "01:18:00", "text": "two stocks. Whoops, sorry. It's two"}, {"start": "01:17:58", "end": "01:18:01", "text": "stocks from each of the industry groups"}, {"start": "01:18:00", "end": "01:18:03", "text": "so that you don't have as much single"}, {"start": "01:18:01", "end": "01:18:04", "text": "stock risk. And they're all"}, {"start": "01:18:03", "end": "01:18:07", "text": "non-correlated. So that the pair wise"}, {"start": "01:18:04", "end": "01:18:09", "text": "correlation is is less than 0.25 which"}, {"start": "01:18:07", "end": "01:18:12", "text": "is not very correlated and it's of"}, {"start": "01:18:09", "end": "01:18:16", "text": "course focused all in a circle around"}, {"start": "01:18:12", "end": "01:18:18", "text": "gold andor timber and those portfolios"}, {"start": "01:18:16", "end": "01:18:21", "text": "uh have performed extremely well with"}, {"start": "01:18:18", "end": "01:18:23", "text": "extremely extremely low volatility. So"}, {"start": "01:18:21", "end": "01:18:25", "text": "you end up with a volatility that's much"}, {"start": "01:18:23", "end": "01:18:26", "text": "like a permanent portfolio only about"}, {"start": "01:18:25", "end": "01:18:29", "text": "half as volatile as the stock market but"}, {"start": "01:18:26", "end": "01:18:31", "text": "there is no cash position. And so that's"}, {"start": "01:18:29", "end": "01:18:33", "text": "a pretty incredible structure for people"}, {"start": "01:18:31", "end": "01:18:35", "text": "to follow. I think one of the aspects"}, {"start": "01:18:33", "end": "01:18:37", "text": "just in reading the book talking to you"}, {"start": "01:18:35", "end": "01:18:40", "text": "over the years is uh you think very long"}, {"start": "01:18:37", "end": "01:18:42", "text": "term but you also think uh both in terms"}, {"start": "01:18:40", "end": "01:18:43", "text": "of the macro debasement of the dollar"}, {"start": "01:18:42", "end": "01:18:45", "text": "and the debt cycles and you just many of"}, {"start": "01:18:43", "end": "01:18:47", "text": "the issues that we're facing the the"}, {"start": "01:18:45", "end": "01:18:49", "text": "fourth turning but then all the way down"}, {"start": "01:18:47", "end": "01:18:51", "text": "to like why does this company in"}, {"start": "01:18:49", "end": "01:18:53", "text": "particular have an advantage right what"}, {"start": "01:18:51", "end": "01:18:53", "text": "is the the the liy of this specific"}, {"start": "01:18:53", "end": "01:18:56", "text": "company"}, {"start": "01:18:53", "end": "01:18:57", "text": ">> and is that advantage resilient can that"}, {"start": "01:18:56", "end": "01:18:59", "text": "will that will that advantage still be"}, {"start": "01:18:57", "end": "01:19:01", "text": "here in 10 years or in 20 years"}, {"start": "01:18:59", "end": "01:19:03", "text": ">> and and so how do you when you wake up"}, {"start": "01:19:01", "end": "01:19:05", "text": "in in the morning like how do you think"}, {"start": "01:19:03", "end": "01:19:07", "text": "through am I thinking about macro? Am I"}, {"start": "01:19:05", "end": "01:19:09", "text": "thinking about the micro? Do you do it"}, {"start": "01:19:07", "end": "01:19:11", "text": "all at once? What do you check?"}, {"start": "01:19:09", "end": "01:19:14", "text": ">> Yeah. Uh I spend a lot of time on my own"}, {"start": "01:19:11", "end": "01:19:17", "text": "portfolio. So I run a portfolio with"}, {"start": "01:19:14", "end": "01:19:20", "text": "quite a bit of leverage. Um and so I I'm"}, {"start": "01:19:17", "end": "01:19:22", "text": "I'm really looking to see if my various"}, {"start": "01:19:20", "end": "01:19:25", "text": "positions are behaving and the"}, {"start": "01:19:22", "end": "01:19:27", "text": "volatility bands that I expect and I'm"}, {"start": "01:19:25", "end": "01:19:30", "text": "and I'm following uh how they're"}, {"start": "01:19:27", "end": "01:19:32", "text": "progressing on my uh on my thesis for"}, {"start": "01:19:30", "end": "01:19:34", "text": "each of those stocks. So just as an"}, {"start": "01:19:32", "end": "01:19:36", "text": "example, I have a very large position in"}, {"start": "01:19:34", "end": "01:19:38", "text": "Merc the pharmaceutical company and"}, {"start": "01:19:36", "end": "01:19:40", "text": "everybody thinks that Merc is has been"}, {"start": "01:19:38", "end": "01:19:40", "text": "that they're going to patent cliff and"}, {"start": "01:19:40", "end": "01:19:42", "text": "that they're going to be out of"}, {"start": "01:19:40", "end": "01:19:47", "text": "business. Well, you know, Merc has been"}, {"start": "01:19:42", "end": "01:19:50", "text": "me uh managing patent cliffs since 1890."}, {"start": "01:19:47", "end": "01:19:53", "text": "And uh you know, I'll uh I'll take I'll"}, {"start": "01:19:50", "end": "01:19:54", "text": "take the 4 and a half% dividend and uh"}, {"start": "01:19:53", "end": "01:19:58", "text": "one of the highest quality businesses in"}, {"start": "01:19:54", "end": "01:20:00", "text": "the world uh trading at 12 times"}, {"start": "01:19:58", "end": "01:20:04", "text": "earnings, you know, all day long. And so"}, {"start": "01:20:00", "end": "01:20:06", "text": "I like to just see that um I like very"}, {"start": "01:20:04", "end": "01:20:09", "text": "low volatility, very high quality equity"}, {"start": "01:20:06", "end": "01:20:10", "text": "businesses and I like to apply leverage"}, {"start": "01:20:09", "end": "01:20:14", "text": "on that so that I can have outstanding"}, {"start": "01:20:10", "end": "01:20:16", "text": "returns. And my portfolio has been"}, {"start": "01:20:14", "end": "01:20:18", "text": "producing about 80% annual returns now"}, {"start": "01:20:16", "end": "01:20:19", "text": "for about 5 years."}, {"start": "01:20:18", "end": "01:20:19", "text": ">> 80%."}, {"start": "01:20:19", "end": "01:20:20", "text": ">> Yeah. Annually."}, {"start": "01:20:19", "end": "01:20:22", "text": ">> Yeah. It's pretty good."}, {"start": "01:20:20", "end": "01:20:24", "text": ">> It's pretty good. And I I'm telling you,"}, {"start": "01:20:22", "end": "01:20:27", "text": "I don't buy risky stocks."}, {"start": "01:20:24", "end": "01:20:28", "text": ">> Mhm. Um, so I think a lot of people"}, {"start": "01:20:27", "end": "01:20:31", "text": "think that to earn really high returns"}, {"start": "01:20:28", "end": "01:20:33", "text": "in equity, you have to go buy the the"}, {"start": "01:20:31", "end": "01:20:35", "text": "high beta, high volatility stocks and"}, {"start": "01:20:33", "end": "01:20:37", "text": "and I I take a very different approach."}, {"start": "01:20:35", "end": "01:20:38", "text": "And by the way, one reason my portfolio"}, {"start": "01:20:37", "end": "01:20:39", "text": "has done so well is because gold has"}, {"start": "01:20:38", "end": "01:20:41", "text": "done so well. So I have a big exposure"}, {"start": "01:20:39", "end": "01:20:42", "text": "to gold and that's definitely a big part"}, {"start": "01:20:41", "end": "01:20:44", "text": "of it."}, {"start": "01:20:42", "end": "01:20:46", "text": ">> And you have exposure in Bitcoin, too."}, {"start": "01:20:44", "end": "01:20:48", "text": ">> I do. Yeah, I own Bitcoin. Um, for me,"}, {"start": "01:20:46", "end": "01:20:50", "text": "the big winners over the last five years"}, {"start": "01:20:48", "end": "01:20:51", "text": "have been Philip Morris, uh, Franco"}, {"start": "01:20:50", "end": "01:20:52", "text": "Nevada, Google."}, {"start": "01:20:51", "end": "01:20:54", "text": ">> Google and then gold."}, {"start": "01:20:52", "end": "01:20:55", "text": ">> And gold. Yeah. and Goldstein. Great."}, {"start": "01:20:54", "end": "01:20:57", "text": "All right. Well, you've got two books"}, {"start": "01:20:55", "end": "01:20:59", "text": "out right now. You've got uh 2029, The"}, {"start": "01:20:57", "end": "01:21:00", "text": "End of America, which uh I spent the"}, {"start": "01:20:59", "end": "01:21:01", "text": "weekend reading. It's fantastic. I"}, {"start": "01:21:00", "end": "01:21:03", "text": "highly suggest people go and read that."}, {"start": "01:21:01", "end": "01:21:06", "text": "And you also have this book, Warren's"}, {"start": "01:21:03", "end": "01:21:07", "text": "Mistakes, which uh um I see people"}, {"start": "01:21:06", "end": "01:21:09", "text": "talking about it online already. And and"}, {"start": "01:21:07", "end": "01:21:11", "text": "I think part of what's fascinating about"}, {"start": "01:21:09", "end": "01:21:12", "text": "that book is you respect him, but are"}, {"start": "01:21:11", "end": "01:21:14", "text": "still calling out the mistakes, right?"}, {"start": "01:21:12", "end": "01:21:15", "text": "It's kind of critique of a mentor almost"}, {"start": "01:21:14", "end": "01:21:16", "text": "to a degree."}, {"start": "01:21:15", "end": "01:21:19", "text": ">> Yeah. And honestly, I think that"}, {"start": "01:21:16", "end": "01:21:21", "text": "Bergkshire Hathaway, we Americans need a"}, {"start": "01:21:19", "end": "01:21:23", "text": "Bergkshire Hathway. We need a single"}, {"start": "01:21:21", "end": "01:21:24", "text": "investment choice that is wellrun enough"}, {"start": "01:21:23", "end": "01:21:26", "text": "that we don't have to think about it"}, {"start": "01:21:24", "end": "01:21:28", "text": "anymore. Most people don't want to be"}, {"start": "01:21:26", "end": "01:21:30", "text": "professional investors. And for 50"}, {"start": "01:21:28", "end": "01:21:32", "text": "years, all you had to do is buy Birker."}, {"start": "01:21:30", "end": "01:21:33", "text": "And I'd like to see Birkshire run that"}, {"start": "01:21:32", "end": "01:21:35", "text": "way again. There's, in my opinion,"}, {"start": "01:21:33", "end": "01:21:37", "text": "there's no reason why it shouldn't be."}, {"start": "01:21:35", "end": "01:21:39", "text": ">> Yeah, makes uh makes sense. Um, where"}, {"start": "01:21:37", "end": "01:21:39", "text": "else can we send people to uh to find"}, {"start": "01:21:39", "end": "01:21:42", "text": "some of your writing?"}, {"start": "01:21:39", "end": "01:21:44", "text": ">> I'm on Twitter all the time. Uh uh X"}, {"start": "01:21:42", "end": "01:21:47", "text": "now, of course. Uh um Porter stands B on"}, {"start": "01:21:44", "end": "01:21:50", "text": "Twitter and I actually every month I"}, {"start": "01:21:47", "end": "01:21:52", "text": "post my personal portfolios results. I I"}, {"start": "01:21:50", "end": "01:21:53", "text": "run all my money on Interactive Brokers"}, {"start": "01:21:52", "end": "01:21:55", "text": "and I use their portfolio analyst"}, {"start": "01:21:53", "end": "01:21:57", "text": "software. So, they're doing all the"}, {"start": "01:21:55", "end": "01:21:58", "text": "calculations, not me. And I show you"}, {"start": "01:21:57", "end": "01:22:00", "text": "exactly what I did last month and where"}, {"start": "01:21:58", "end": "01:22:01", "text": "I'm at year to date."}, {"start": "01:22:00", "end": "01:22:02", "text": ">> Yeah, it's pretty uh it's pretty cool."}, {"start": "01:22:01", "end": "01:22:03", "text": "And then if people want to subscribe to"}, {"start": "01:22:02", "end": "01:22:04", "text": "any of the newsletters, where can they"}, {"start": "01:22:03", "end": "01:22:07", "text": "go for that?"}, {"start": "01:22:04", "end": "01:22:09", "text": ">> Uh I'd go to porterdailyjournal.com."}, {"start": "01:22:07", "end": "01:22:12", "text": "Uh Porter's Daily Journal. I I write a"}, {"start": "01:22:09", "end": "01:22:14", "text": "free email every day. Um, and um, I'm"}, {"start": "01:22:12", "end": "01:22:16", "text": "not real hard to find online, but yeah,"}, {"start": "01:22:14", "end": "01:22:18", "text": "I'd love to anyone who's interested in"}, {"start": "01:22:16", "end": "01:22:20", "text": "um, low volatility, high return"}, {"start": "01:22:18", "end": "01:22:22", "text": "portfolios. I I always love to chat"}, {"start": "01:22:20", "end": "01:22:24", "text": "about portfolio construction and I'm"}, {"start": "01:22:22", "end": "01:22:25", "text": "kind of a math nerd. So, if you have any"}, {"start": "01:22:24", "end": "01:22:25", "text": "questions about all that, I'm happy to"}, {"start": "01:22:25", "end": "01:22:27", "text": "chat."}, {"start": "01:22:25", "end": "01:22:28", "text": ">> I think you're doing a great job. Thanks"}, {"start": "01:22:27", "end": "01:22:29", "text": "for taking the time to do this,"}, {"start": "01:22:28", "end": "01:22:31", "text": ">> man. I really appreciate you inviting He"}, {"start": "01:22:29", "end": "01:22:31", "text": "had a great time."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "the silver needs go up dramatically and"}, {"start": "00:00:02", "end": "00:00:05", "text": "if you do the numbers we just don't have"}, {"start": "00:00:03", "end": "00:00:07", "text": "enough supply. If silver breaks out, if"}, {"start": "00:00:05", "end": "00:00:09", "text": "gold breaks out, if Dogecoin breaks out,"}, {"start": "00:00:07", "end": "00:00:10", "text": "then Bitcoin will break out. They'll all"}, {"start": "00:00:09", "end": "00:00:12", "text": "go together and I expect that to happen"}, {"start": "00:00:10", "end": "00:00:14", "text": "before the end of the summertime. Hello"}, {"start": "00:00:12", "end": "00:00:15", "text": "everyone. Today we've got a great"}, {"start": "00:00:14", "end": "00:00:17", "text": "conversation with Jordi Visser. In this"}, {"start": "00:00:15", "end": "00:00:19", "text": "conversation, we specifically talk about"}, {"start": "00:00:17", "end": "00:00:21", "text": "the interest rate hikes that could be"}, {"start": "00:00:19", "end": "00:00:23", "text": "coming down and we talk about what the"}, {"start": "00:00:21", "end": "00:00:25", "text": "impact is to all of the various assets."}, {"start": "00:00:23", "end": "00:00:27", "text": "What's going on with the AI trade, the"}, {"start": "00:00:25", "end": "00:00:29", "text": "rest of the stock market, commodities,"}, {"start": "00:00:27", "end": "00:00:31", "text": "Bitcoin, crypto, and much more. Jordy"}, {"start": "00:00:29", "end": "00:00:33", "text": "has very unique thoughts and he's"}, {"start": "00:00:31", "end": "00:00:36", "text": "actively changing his portfolio and his"}, {"start": "00:00:33", "end": "00:00:37", "text": "mind as we speak. So this conversation"}, {"start": "00:00:36", "end": "00:00:39", "text": "illuminates how he's thinking about this"}, {"start": "00:00:37", "end": "00:00:41", "text": "and why he is making certain changes. I"}, {"start": "00:00:39", "end": "00:00:43", "text": "hope you enjoy my latest conversation"}, {"start": "00:00:41", "end": "00:00:45", "text": "with Jordy Visser. All right, Jordy, a"}, {"start": "00:00:43", "end": "00:00:47", "text": "great place to start this is the odds of"}, {"start": "00:00:45", "end": "00:00:48", "text": "an interest rate hike have increased"}, {"start": "00:00:47", "end": "00:00:49", "text": "significantly over the last couple of"}, {"start": "00:00:48", "end": "00:00:50", "text": "weeks. I think a lot of people are"}, {"start": "00:00:49", "end": "00:00:52", "text": "trying to figure out why is this"}, {"start": "00:00:50", "end": "00:00:54", "text": "happening and what is the impact to"}, {"start": "00:00:52", "end": "00:00:55", "text": "their portfolio. Let's first start with"}, {"start": "00:00:54", "end": "00:00:57", "text": "what has changed. As an investor, you"}, {"start": "00:00:55", "end": "00:00:59", "text": "need to update your worldview when you"}, {"start": "00:00:57", "end": "00:01:01", "text": "get new information. And so can you walk"}, {"start": "00:00:59", "end": "00:01:02", "text": "us through why interest rate hikes are"}, {"start": "00:01:01", "end": "00:01:04", "text": "now much more of a situation for"}, {"start": "00:01:02", "end": "00:01:07", "text": "investors?"}, {"start": "00:01:04", "end": "00:01:10", "text": ">> Yeah, first of all, you know, so people"}, {"start": "00:01:07", "end": "00:01:13", "text": "understand I I really honestly don't"}, {"start": "00:01:10", "end": "00:01:16", "text": "remember a time where"}, {"start": "00:01:13", "end": "00:01:18", "text": "uh you went in this quickly from a"}, {"start": "00:01:16", "end": "00:01:21", "text": "period of expecting"}, {"start": "00:01:18", "end": "00:01:24", "text": "three rate cuts to one rate hike over"}, {"start": "00:01:21", "end": "00:01:26", "text": "the course of of the year. Um but that's"}, {"start": "00:01:24", "end": "00:01:29", "text": "where we are right now. So let's break"}, {"start": "00:01:26", "end": "00:01:32", "text": "it down this way. First of all, the"}, {"start": "00:01:29", "end": "00:01:35", "text": "economy uh has been strong, but I think"}, {"start": "00:01:32", "end": "00:01:39", "text": "this is more about the earnings being"}, {"start": "00:01:35", "end": "00:01:41", "text": "strong and the AI trade and kind of the"}, {"start": "00:01:39", "end": "00:01:44", "text": "uh the part of it that's there. That's"}, {"start": "00:01:41", "end": "00:01:46", "text": "probably 20% of it. The bulk of this is"}, {"start": "00:01:44", "end": "00:01:48", "text": "coming from inflation."}, {"start": "00:01:46", "end": "00:01:50", "text": "So, you and I have talked a lot about"}, {"start": "00:01:48", "end": "00:01:54", "text": "inflation expectations and inflation"}, {"start": "00:01:50", "end": "00:01:57", "text": "going forward. Once uh the situation in"}, {"start": "00:01:54", "end": "00:02:00", "text": "Iran became what it is and the straight"}, {"start": "00:01:57", "end": "00:02:01", "text": "shut down, the market started building"}, {"start": "00:02:00", "end": "00:02:05", "text": "in the likelihood that inflation was not"}, {"start": "00:02:01", "end": "00:02:07", "text": "only going higher uh this year, but the"}, {"start": "00:02:05", "end": "00:02:08", "text": "longer this has gone on, the"}, {"start": "00:02:07", "end": "00:02:13", "text": "expectations are that it's going to stay"}, {"start": "00:02:08", "end": "00:02:15", "text": "up here for longer. So, as of now, the"}, {"start": "00:02:13", "end": "00:02:19", "text": "uh Cleveland Fed now casting uh"}, {"start": "00:02:15", "end": "00:02:21", "text": "inflation number for May is estimated to"}, {"start": "00:02:19", "end": "00:02:25", "text": "be again above 04, which would put the"}, {"start": "00:02:21", "end": "00:02:27", "text": "year-over-year for CPI at 4.2%. Um so,"}, {"start": "00:02:25", "end": "00:02:29", "text": "we're starting to continue moving"}, {"start": "00:02:27", "end": "00:02:31", "text": "higher. And if you go through the"}, {"start": "00:02:29", "end": "00:02:33", "text": "inflation expectations and you change"}, {"start": "00:02:31", "end": "00:02:35", "text": "those, that is pretty much the bulk of"}, {"start": "00:02:33", "end": "00:02:37", "text": "what has happened. So, I would put it"}, {"start": "00:02:35", "end": "00:02:40", "text": "there. But I also think that the capex"}, {"start": "00:02:37", "end": "00:02:43", "text": "trade in AI and this is something that"}, {"start": "00:02:40", "end": "00:02:46", "text": "people probably didn't anticipate. So"}, {"start": "00:02:43", "end": "00:02:47", "text": "when I say the earnings are 20%. You not"}, {"start": "00:02:46", "end": "00:02:49", "text": "only have the oil prices going higher,"}, {"start": "00:02:47", "end": "00:02:51", "text": "but the nominal GDP stuff has gone"}, {"start": "00:02:49", "end": "00:02:53", "text": "higher, prices paid has gone higher and"}, {"start": "00:02:51", "end": "00:02:57", "text": "the PMIs and a lot of this was happening"}, {"start": "00:02:53", "end": "00:02:59", "text": "before Iran. So at this point, the"}, {"start": "00:02:57", "end": "00:03:00", "text": "market is just building in that we're"}, {"start": "00:02:59", "end": "00:03:02", "text": "going to have rate hikes because of"}, {"start": "00:03:00", "end": "00:03:04", "text": "inflation and because of much stronger"}, {"start": "00:03:02", "end": "00:03:07", "text": "than expected nominal GDP. And if I give"}, {"start": "00:03:04", "end": "00:03:10", "text": "you guys one more, Warren Pies put out a"}, {"start": "00:03:07", "end": "00:03:13", "text": "uh a great post yesterday or the day"}, {"start": "00:03:10", "end": "00:03:17", "text": "before just highlighting that the"}, {"start": "00:03:13", "end": "00:03:18", "text": "forward sales growth for the S&P 500 is"}, {"start": "00:03:17", "end": "00:03:21", "text": "18%."}, {"start": "00:03:18", "end": "00:03:25", "text": "Now that's 2 years. So let's just take"}, {"start": "00:03:21", "end": "00:03:27", "text": "it as 9% a year type thing. That"}, {"start": "00:03:25", "end": "00:03:29", "text": "correlates to very very high nominal"}, {"start": "00:03:27", "end": "00:03:32", "text": "GDP. And I think that's where the issue"}, {"start": "00:03:29", "end": "00:03:37", "text": "is right now in the market is the AI"}, {"start": "00:03:32", "end": "00:03:38", "text": "trade, the AI impact means nominal GDP"}, {"start": "00:03:37", "end": "00:03:40", "text": "is going higher. And I think the"}, {"start": "00:03:38", "end": "00:03:43", "text": "inflation side connected to it from Iran"}, {"start": "00:03:40", "end": "00:03:45", "text": "right now is the major story. And the"}, {"start": "00:03:43", "end": "00:03:47", "text": "market has as of now been able to look"}, {"start": "00:03:45", "end": "00:03:49", "text": "through it. Now when we go and we see"}, {"start": "00:03:47", "end": "00:03:51", "text": "the interest rate hikes kind of on the"}, {"start": "00:03:49", "end": "00:03:53", "text": "horizon, one of the interesting parts is"}, {"start": "00:03:51", "end": "00:03:55", "text": "that Kevin Worsh is coming in and you"}, {"start": "00:03:53", "end": "00:03:57", "text": "know he explicitly wants interest rate"}, {"start": "00:03:55", "end": "00:03:59", "text": "cuts. He's been saying that during his"}, {"start": "00:03:57", "end": "00:04:00", "text": "confirmation hearings. Everyone believes"}, {"start": "00:03:59", "end": "00:04:02", "text": "that Trump is putting him there"}, {"start": "00:04:00", "end": "00:04:05", "text": "specifically to cut interest rates, but"}, {"start": "00:04:02", "end": "00:04:06", "text": "the economic data or the market is"}, {"start": "00:04:05", "end": "00:04:08", "text": "obviously saying something different."}, {"start": "00:04:06", "end": "00:04:11", "text": "And so, is there a world where the"}, {"start": "00:04:08", "end": "00:04:13", "text": "market wins out or could we see Worsh"}, {"start": "00:04:11", "end": "00:04:15", "text": "and Trump and you know, kind of more the"}, {"start": "00:04:13", "end": "00:04:16", "text": "political regime actually went out and"}, {"start": "00:04:15", "end": "00:04:18", "text": "say even though the data says one thing,"}, {"start": "00:04:16", "end": "00:04:20", "text": "they just start cutting because that's"}, {"start": "00:04:18", "end": "00:04:22", "text": "what they want to do."}, {"start": "00:04:20", "end": "00:04:24", "text": ">> I I don't think the administration is"}, {"start": "00:04:22", "end": "00:04:28", "text": "going to be uh talking about rate cuts"}, {"start": "00:04:24", "end": "00:04:30", "text": "at this point. Um, I think"}, {"start": "00:04:28", "end": "00:04:33", "text": "I think they're going to run with the"}, {"start": "00:04:30", "end": "00:04:37", "text": "hope that rates stay here and this is a"}, {"start": "00:04:33", "end": "00:04:40", "text": "transitory belief. The administration is"}, {"start": "00:04:37", "end": "00:04:41", "text": "uh, from what I can see, I mean, they're"}, {"start": "00:04:40", "end": "00:04:45", "text": "trying everything to get the straight"}, {"start": "00:04:41", "end": "00:04:46", "text": "reopen um, and not have to go do any"}, {"start": "00:04:45", "end": "00:04:49", "text": "more bombing campaigns because I think"}, {"start": "00:04:46", "end": "00:04:51", "text": "we're at a very very critical point with"}, {"start": "00:04:49", "end": "00:04:52", "text": "gas prices where they are. More"}, {"start": "00:04:51", "end": "00:04:55", "text": "importantly, and I'm sure we'll get into"}, {"start": "00:04:52", "end": "00:04:57", "text": "this, uh the dynamic in the oil market"}, {"start": "00:04:55", "end": "00:05:00", "text": "is is a much different stage. I mean,"}, {"start": "00:04:57", "end": "00:05:02", "text": "we're now uh this started in February at"}, {"start": "00:05:00", "end": "00:05:04", "text": "the end of February. So, we're now"}, {"start": "00:05:02", "end": "00:05:08", "text": "almost 3 months into this or two, you"}, {"start": "00:05:04", "end": "00:05:10", "text": "know, a full 3 months getting there and"}, {"start": "00:05:08", "end": "00:05:11", "text": "inventories are being drawn down. So, I"}, {"start": "00:05:10", "end": "00:05:13", "text": "think where the Fed is on this is number"}, {"start": "00:05:11", "end": "00:05:15", "text": "one, they don't know when this is going"}, {"start": "00:05:13", "end": "00:05:17", "text": "to end. They don't know the disruption."}, {"start": "00:05:15", "end": "00:05:20", "text": "And this is where the uncertainty kicks"}, {"start": "00:05:17", "end": "00:05:22", "text": "in, not only for the Fed, but my gut"}, {"start": "00:05:20", "end": "00:05:24", "text": "tells me that investors need to start"}, {"start": "00:05:22", "end": "00:05:26", "text": "paying attention because we're now"}, {"start": "00:05:24", "end": "00:05:28", "text": "focused more on trailing news, meaning"}, {"start": "00:05:26", "end": "00:05:30", "text": "the earnings that just happened more"}, {"start": "00:05:28", "end": "00:05:32", "text": "than what's likely to happen over the"}, {"start": "00:05:30", "end": "00:05:34", "text": "next 3 months. And the problem is the"}, {"start": "00:05:32", "end": "00:05:36", "text": "oil situation will not get better over"}, {"start": "00:05:34", "end": "00:05:37", "text": "the next 3 months. The straight might"}, {"start": "00:05:36", "end": "00:05:40", "text": "might reopen. The question is, will it"}, {"start": "00:05:37", "end": "00:05:41", "text": "fully reopen? But only over the next"}, {"start": "00:05:40", "end": "00:05:43", "text": "three months, we're really going to see"}, {"start": "00:05:41", "end": "00:05:45", "text": "the situation in terms of how much oil"}, {"start": "00:05:43", "end": "00:05:47", "text": "has been drawn down, how much the"}, {"start": "00:05:45", "end": "00:05:48", "text": "destruction has gone on for some of the"}, {"start": "00:05:47", "end": "00:05:50", "text": "production that'll be offline for a"}, {"start": "00:05:48", "end": "00:05:53", "text": "period of time. And any rise in oil"}, {"start": "00:05:50", "end": "00:05:55", "text": "price where we are right now, guys, as"}, {"start": "00:05:53", "end": "00:05:57", "text": "any day oil goes higher, you see bond"}, {"start": "00:05:55", "end": "00:06:00", "text": "long-term bond yields go higher. So,"}, {"start": "00:05:57", "end": "00:06:01", "text": "forget the Fed, which I think Worsh is"}, {"start": "00:06:00", "end": "00:06:05", "text": "going to try his best not to raise"}, {"start": "00:06:01", "end": "00:06:07", "text": "rates. Edard Denny did uh say he thought"}, {"start": "00:06:05", "end": "00:06:09", "text": "there'd be a rate hike possibly in July."}, {"start": "00:06:07", "end": "00:06:11", "text": "Edard Denni is one of the most bullish"}, {"start": "00:06:09", "end": "00:06:13", "text": "strategists out there and believes we're"}, {"start": "00:06:11", "end": "00:06:15", "text": "in a you know a roaring 20 style"}, {"start": "00:06:13", "end": "00:06:17", "text": "situation which I happen to agree with"}, {"start": "00:06:15", "end": "00:06:19", "text": "with regards to AI but I think we're in"}, {"start": "00:06:17", "end": "00:06:21", "text": "a very uncertain period here for uh"}, {"start": "00:06:19", "end": "00:06:24", "text": "investors and the Fed over the course of"}, {"start": "00:06:21", "end": "00:06:25", "text": "the next 3 months. Now one aspect of"}, {"start": "00:06:24", "end": "00:06:28", "text": "this like inflationary pressure is"}, {"start": "00:06:25", "end": "00:06:31", "text": "obviously energy prices and there is a"}, {"start": "00:06:28", "end": "00:06:33", "text": "belief that if the war ends then all of"}, {"start": "00:06:31", "end": "00:06:35", "text": "a sudden there will be uh a return to"}, {"start": "00:06:33", "end": "00:06:37", "text": "more normalized energy prices and"}, {"start": "00:06:35", "end": "00:06:39", "text": "inflation expectations and inflation"}, {"start": "00:06:37", "end": "00:06:41", "text": "itself will come back down. I get the"}, {"start": "00:06:39", "end": "00:06:43", "text": "sense that that is not your belief. Can"}, {"start": "00:06:41", "end": "00:06:45", "text": "you talk a little bit as to uh a"}, {"start": "00:06:43", "end": "00:06:47", "text": "situation where the Iran war is wound"}, {"start": "00:06:45", "end": "00:06:49", "text": "down or there is a ceasefire or some"}, {"start": "00:06:47", "end": "00:06:51", "text": "sort of peace deal? What is your"}, {"start": "00:06:49", "end": "00:06:54", "text": "expectation for what happens with"}, {"start": "00:06:51", "end": "00:06:56", "text": "inflation specifically?"}, {"start": "00:06:54", "end": "00:07:01", "text": ">> I mean, we we've had a ceasefire now for"}, {"start": "00:06:56", "end": "00:07:03", "text": "a while. Um, so I, you know, I you got"}, {"start": "00:07:01", "end": "00:07:06", "text": "to extend this further. I we have to go"}, {"start": "00:07:03", "end": "00:07:09", "text": "back to all of the ships going back to"}, {"start": "00:07:06", "end": "00:07:10", "text": "normal from where they were. So, you've"}, {"start": "00:07:09", "end": "00:07:13", "text": "got to know me. I mean, I do a video"}, {"start": "00:07:10", "end": "00:07:16", "text": "each week. It's all facts. The facts are"}, {"start": "00:07:13", "end": "00:07:19", "text": "when the straight was closed, ships are"}, {"start": "00:07:16", "end": "00:07:20", "text": "still not going through. So, uh, we can"}, {"start": "00:07:19", "end": "00:07:24", "text": "play would a, could a, should have,"}, {"start": "00:07:20", "end": "00:07:27", "text": "maybe, this, that. If they did reopen it"}, {"start": "00:07:24", "end": "00:07:29", "text": "and it lasted for a month. I I think"}, {"start": "00:07:27", "end": "00:07:31", "text": "when you get into these situations with"}, {"start": "00:07:29", "end": "00:07:34", "text": "the market, um, it's very clear to me"}, {"start": "00:07:31", "end": "00:07:36", "text": "that number one, the earnings uh, blew"}, {"start": "00:07:34", "end": "00:07:38", "text": "away expectations in a way that we've"}, {"start": "00:07:36", "end": "00:07:40", "text": "never seen before. So, it's justified"}, {"start": "00:07:38", "end": "00:07:42", "text": "for the market to go higher. The facts"}, {"start": "00:07:40", "end": "00:07:45", "text": "of the matter are that we have a problem"}, {"start": "00:07:42", "end": "00:07:46", "text": "where energy prices are significantly"}, {"start": "00:07:45", "end": "00:07:49", "text": "higher than they were. So, we don't know"}, {"start": "00:07:46", "end": "00:07:51", "text": "if a move back to, let's just say WTI,"}, {"start": "00:07:49", "end": "00:07:53", "text": "is right around 98 right now. We don't"}, {"start": "00:07:51", "end": "00:07:56", "text": "know if a move back to 88, where it"}, {"start": "00:07:53", "end": "00:07:58", "text": "stays at 88 over the next three months,"}, {"start": "00:07:56", "end": "00:08:00", "text": "honestly, is good or bad. Um, at this"}, {"start": "00:07:58", "end": "00:08:03", "text": "point, I would say the market expects it"}, {"start": "00:08:00", "end": "00:08:05", "text": "because the market is buying things on"}, {"start": "00:08:03", "end": "00:08:06", "text": "trailing earnings and believing that"}, {"start": "00:08:05", "end": "00:08:08", "text": "everything is going to be fine going"}, {"start": "00:08:06", "end": "00:08:09", "text": "forward. But there's another issue here"}, {"start": "00:08:08", "end": "00:08:11", "text": "that comes in, and this is the other"}, {"start": "00:08:09", "end": "00:08:13", "text": "fact-based thing that I'm starting to"}, {"start": "00:08:11", "end": "00:08:15", "text": "notice in the markets."}, {"start": "00:08:13", "end": "00:08:18", "text": "correlations are breaking down with"}, {"start": "00:08:15", "end": "00:08:20", "text": "inside the markets. Um the S&P 500, yes,"}, {"start": "00:08:18", "end": "00:08:23", "text": "is right up near all-time highs as we"}, {"start": "00:08:20", "end": "00:08:24", "text": "start this. It's slightly below. There's"}, {"start": "00:08:23", "end": "00:08:27", "text": "a lot of markets around the world,"}, {"start": "00:08:24", "end": "00:08:28", "text": "particularly in Europe and Asia, that"}, {"start": "00:08:27", "end": "00:08:30", "text": "are down significantly over the course"}, {"start": "00:08:28", "end": "00:08:33", "text": "of the last 3 months. They have not"}, {"start": "00:08:30", "end": "00:08:35", "text": "participated in this rally with inside"}, {"start": "00:08:33", "end": "00:08:37", "text": "markets that have been very correlated"}, {"start": "00:08:35", "end": "00:08:39", "text": "to the US and I would say are very much"}, {"start": "00:08:37", "end": "00:08:42", "text": "part of the AIdriven trade, which would"}, {"start": "00:08:39", "end": "00:08:44", "text": "be mainly Japan and Korea."}, {"start": "00:08:42", "end": "00:08:45", "text": "internally they're they've got things"}, {"start": "00:08:44", "end": "00:08:47", "text": "breaking down machinery and"}, {"start": "00:08:45", "end": "00:08:51", "text": "construction. The construction index for"}, {"start": "00:08:47", "end": "00:08:52", "text": "the NE or for the topics uh in Japan is"}, {"start": "00:08:51", "end": "00:08:55", "text": "about to break the 200 day moving"}, {"start": "00:08:52", "end": "00:08:57", "text": "average. So oil is having an impact on"}, {"start": "00:08:55", "end": "00:08:58", "text": "markets. It may not be having an impact"}, {"start": "00:08:57", "end": "00:09:00", "text": "on the US but I think there's two"}, {"start": "00:08:58", "end": "00:09:03", "text": "reasons for that. One is we are the"}, {"start": "00:09:00", "end": "00:09:05", "text": "world's largest energy producer. Uh and"}, {"start": "00:09:03", "end": "00:09:08", "text": "number two,"}, {"start": "00:09:05", "end": "00:09:11", "text": "I think uh people have uh probably"}, {"start": "00:09:08", "end": "00:09:14", "text": "become ultra fixated on the fact that"}, {"start": "00:09:11", "end": "00:09:16", "text": "our AI market, meaning these positions,"}, {"start": "00:09:14", "end": "00:09:19", "text": "whether it's the hyperscalers plus the"}, {"start": "00:09:16", "end": "00:09:21", "text": "semis, if you just use that, that is"}, {"start": "00:09:19", "end": "00:09:23", "text": "pretty much driving the S&P 500. You"}, {"start": "00:09:21", "end": "00:09:25", "text": "have a lot of stocks down in the S&P 500"}, {"start": "00:09:23", "end": "00:09:28", "text": "as well. Uh mainly on the consumption"}, {"start": "00:09:25", "end": "00:09:30", "text": "side. So I think within the market, oil"}, {"start": "00:09:28", "end": "00:09:32", "text": "has had an impact. It just hasn't had an"}, {"start": "00:09:30", "end": "00:09:33", "text": "impact on the types of things driving"}, {"start": "00:09:32", "end": "00:09:35", "text": "the market here, but it is starting to"}, {"start": "00:09:33", "end": "00:09:38", "text": "break down around the globe."}, {"start": "00:09:35", "end": "00:09:40", "text": ">> Now, if we have rate hikes, let's just"}, {"start": "00:09:38", "end": "00:09:43", "text": "go back to the last time that we did"}, {"start": "00:09:40", "end": "00:09:45", "text": "this in 22. We saw, I think it was"}, {"start": "00:09:43", "end": "00:09:47", "text": "November of 2021, the Fed started"}, {"start": "00:09:45", "end": "00:09:48", "text": "talking about potentially hiking rates."}, {"start": "00:09:47", "end": "00:09:50", "text": "That was pretty much the top of the"}, {"start": "00:09:48", "end": "00:09:52", "text": "market. Then they hiked interest rates"}, {"start": "00:09:50", "end": "00:09:54", "text": "at the fastest pace in history and the"}, {"start": "00:09:52", "end": "00:09:58", "text": "market sold off across stocks,"}, {"start": "00:09:54", "end": "00:09:59", "text": "commodities, uh, crypto, etc. literally"}, {"start": "00:09:58", "end": "00:10:01", "text": "to the point where we had multiple banks"}, {"start": "00:09:59", "end": "00:10:03", "text": "that ended up going bankrupt because"}, {"start": "00:10:01", "end": "00:10:07", "text": "they didn't uh kind of manage their risk"}, {"start": "00:10:03", "end": "00:10:09", "text": "correctly. How fast and how aggressive"}, {"start": "00:10:07", "end": "00:10:11", "text": "do you think the rate hikes could be?"}, {"start": "00:10:09", "end": "00:10:14", "text": "And does that matter for how much of a"}, {"start": "00:10:11", "end": "00:10:14", "text": "sell-off there would be in asset prices?"}, {"start": "00:10:14", "end": "00:10:16", "text": "I"}, {"start": "00:10:14", "end": "00:10:18", "text": ">> I don't think there's going to be rate"}, {"start": "00:10:16", "end": "00:10:21", "text": "hikes. So, let let me let me be clear on"}, {"start": "00:10:18", "end": "00:10:22", "text": "this. Let's we may have done this last"}, {"start": "00:10:21", "end": "00:10:24", "text": "week, but for people who maybe didn't"}, {"start": "00:10:22", "end": "00:10:26", "text": "hear it or they didn't pay attention,"}, {"start": "00:10:24", "end": "00:10:29", "text": "this is a very different situation to"}, {"start": "00:10:26", "end": "00:10:31", "text": "2022. Let's let's put it back to 2021."}, {"start": "00:10:29", "end": "00:10:32", "text": "2021,"}, {"start": "00:10:31", "end": "00:10:35", "text": "the Fed continually said this was"}, {"start": "00:10:32", "end": "00:10:38", "text": "transitory. Okay, it ended up being"}, {"start": "00:10:35", "end": "00:10:41", "text": "transitory, but it ended up being"}, {"start": "00:10:38", "end": "00:10:43", "text": "transitory with rate hikes. But it took"}, {"start": "00:10:41", "end": "00:10:45", "text": "a while for the yoloing to get out of"}, {"start": "00:10:43", "end": "00:10:48", "text": "play. And the yoloing is the major"}, {"start": "00:10:45", "end": "00:10:50", "text": "difference right now. Back then we had"}, {"start": "00:10:48", "end": "00:10:54", "text": "two parts that were moving at the same"}, {"start": "00:10:50", "end": "00:10:57", "text": "pace that both contribute heavily to the"}, {"start": "00:10:54", "end": "00:10:59", "text": "inflation or the core inflation side."}, {"start": "00:10:57", "end": "00:11:02", "text": "Number one is wages were going higher."}, {"start": "00:10:59", "end": "00:11:04", "text": "Um wages were going higher at a pace we"}, {"start": "00:11:02", "end": "00:11:07", "text": "hadn't seen before. The labor market had"}, {"start": "00:11:04", "end": "00:11:08", "text": "complete control. Um capital was in"}, {"start": "00:11:07", "end": "00:11:10", "text": "trouble. They were trying to beg people"}, {"start": "00:11:08", "end": "00:11:12", "text": "to come back to the office and at least"}, {"start": "00:11:10", "end": "00:11:14", "text": "get them back to work and it was hard"}, {"start": "00:11:12", "end": "00:11:16", "text": "with all the yoloing going on. So the"}, {"start": "00:11:14", "end": "00:11:18", "text": "first thing is wages were going higher."}, {"start": "00:11:16", "end": "00:11:20", "text": "The second thing was we still had people"}, {"start": "00:11:18", "end": "00:11:23", "text": "scrambling to get away from cities."}, {"start": "00:11:20", "end": "00:11:25", "text": "Housing market was on fire. You had uh"}, {"start": "00:11:23", "end": "00:11:28", "text": "all kinds of situations that were"}, {"start": "00:11:25", "end": "00:11:30", "text": "spreading into appliances. And when you"}, {"start": "00:11:28", "end": "00:11:32", "text": "have a housing market that's booming,"}, {"start": "00:11:30", "end": "00:11:34", "text": "that has huge implications for a lot of"}, {"start": "00:11:32", "end": "00:11:36", "text": "consumer related goods and we still had"}, {"start": "00:11:34", "end": "00:11:38", "text": "bottlenecks. We don't have the"}, {"start": "00:11:36", "end": "00:11:39", "text": "bottlenecks. Ships are going around the"}, {"start": "00:11:38", "end": "00:11:41", "text": "globe right now. They're just not going"}, {"start": "00:11:39", "end": "00:11:45", "text": "through the straight of Hormuz. So this"}, {"start": "00:11:41", "end": "00:11:46", "text": "is legitimately a transitory thing. We"}, {"start": "00:11:45", "end": "00:11:48", "text": "just don't know how long transitory is"}, {"start": "00:11:46", "end": "00:11:51", "text": "again. But because it's commodity"}, {"start": "00:11:48", "end": "00:11:53", "text": "related to your point on the question,"}, {"start": "00:11:51", "end": "00:11:55", "text": "this is not structural. Um when oil"}, {"start": "00:11:53", "end": "00:11:58", "text": "prices come back down, which they"}, {"start": "00:11:55", "end": "00:12:01", "text": "eventually will, we just don't know if"}, {"start": "00:11:58", "end": "00:12:03", "text": "Iran has a goal in mind. Um this has"}, {"start": "00:12:01", "end": "00:12:05", "text": "been a stalemate. The US has been trying"}, {"start": "00:12:03", "end": "00:12:07", "text": "now to get the straight open and Iran"}, {"start": "00:12:05", "end": "00:12:10", "text": "doesn't seem to be budging. And the"}, {"start": "00:12:07", "end": "00:12:13", "text": "question is why? Uh all I can deal with"}, {"start": "00:12:10", "end": "00:12:15", "text": "are the facts at this point. And the"}, {"start": "00:12:13", "end": "00:12:17", "text": "facts are that we're not opening this"}, {"start": "00:12:15", "end": "00:12:20", "text": "quickly. So I don't expect any rate cuts"}, {"start": "00:12:17", "end": "00:12:22", "text": "to happen because the other issue that"}, {"start": "00:12:20", "end": "00:12:25", "text": "is here is back in 2022"}, {"start": "00:12:22", "end": "00:12:27", "text": "the deficit was not a big situation as"}, {"start": "00:12:25", "end": "00:12:30", "text": "big a situation it is now. The debt has"}, {"start": "00:12:27", "end": "00:12:32", "text": "obviously gone higher but right now we"}, {"start": "00:12:30", "end": "00:12:34", "text": "have interest expense which annualized"}, {"start": "00:12:32", "end": "00:12:37", "text": "for this year is probably going to be"}, {"start": "00:12:34", "end": "00:12:40", "text": "about $1.4 trillion."}, {"start": "00:12:37", "end": "00:12:42", "text": "Back then it was about 600 billion. So"}, {"start": "00:12:40", "end": "00:12:45", "text": "we're talking about a huge interest"}, {"start": "00:12:42", "end": "00:12:47", "text": "expense. If they raise rates,"}, {"start": "00:12:45", "end": "00:12:48", "text": "unfortunately, they lose control over"}, {"start": "00:12:47", "end": "00:12:50", "text": "this. So we've talked a lot about the"}, {"start": "00:12:48", "end": "00:12:51", "text": "deficit. We've talked a lot about the"}, {"start": "00:12:50", "end": "00:12:53", "text": "ability of them to do this. This is a"}, {"start": "00:12:51", "end": "00:12:55", "text": "very, very difficult situation. And this"}, {"start": "00:12:53", "end": "00:12:57", "text": "is why when people sit here and look at"}, {"start": "00:12:55", "end": "00:12:59", "text": "the stock market and like, well, this is"}, {"start": "00:12:57", "end": "00:13:01", "text": "all great. I've said many times that the"}, {"start": "00:12:59", "end": "00:13:03", "text": "Fed's not in a position to hurt the"}, {"start": "00:13:01", "end": "00:13:04", "text": "stock market. The government can try to"}, {"start": "00:13:03", "end": "00:13:06", "text": "do things. They tried to balance the"}, {"start": "00:13:04", "end": "00:13:09", "text": "budget uh at the beginning of last year."}, {"start": "00:13:06", "end": "00:13:10", "text": "Gave up on that real quickly. I think at"}, {"start": "00:13:09", "end": "00:13:14", "text": "this point people have to deal with the"}, {"start": "00:13:10", "end": "00:13:16", "text": "fact that inflation is trending higher."}, {"start": "00:13:14", "end": "00:13:19", "text": "The situation Iran is not there. And if"}, {"start": "00:13:16", "end": "00:13:21", "text": "you ask me what's a higher likelihood by"}, {"start": "00:13:19", "end": "00:13:24", "text": "the end of this year, 10% inflation"}, {"start": "00:13:21", "end": "00:13:27", "text": "year-over-year or two, I'll take 10."}, {"start": "00:13:24", "end": "00:13:29", "text": "We're currently at 3.8. That's the issue"}, {"start": "00:13:27", "end": "00:13:32", "text": "right now is when you get into those"}, {"start": "00:13:29", "end": "00:13:34", "text": "situations where if Iran if we don't fix"}, {"start": "00:13:32", "end": "00:13:38", "text": "the oil problem and they want to hold"}, {"start": "00:13:34", "end": "00:13:39", "text": "this out for a long time, oil prices"}, {"start": "00:13:38", "end": "00:13:41", "text": "eventually will start to shoot higher"}, {"start": "00:13:39", "end": "00:13:43", "text": "because unlike when we went through this"}, {"start": "00:13:41", "end": "00:13:46", "text": "situation in 2022 with Russia and"}, {"start": "00:13:43", "end": "00:13:49", "text": "Ukraine, we had a problem coming out of"}, {"start": "00:13:46", "end": "00:13:51", "text": "COVID where we had an issue with oil"}, {"start": "00:13:49", "end": "00:13:54", "text": "inventories because we had shut so many"}, {"start": "00:13:51", "end": "00:13:55", "text": "things down. We had a surplus. We're"}, {"start": "00:13:54", "end": "00:13:57", "text": "burning through the surplus and now"}, {"start": "00:13:55", "end": "00:13:59", "text": "everyone is starting to talk about the"}, {"start": "00:13:57", "end": "00:14:01", "text": "draws globally, but especially in the US"}, {"start": "00:13:59", "end": "00:14:03", "text": "and how much we've released from the"}, {"start": "00:14:01", "end": "00:14:05", "text": "SPR. So at this point, we've kind of run"}, {"start": "00:14:03", "end": "00:14:07", "text": "through that 2 to 3 month window that"}, {"start": "00:14:05", "end": "00:14:09", "text": "all the oil doomers talked about that"}, {"start": "00:14:07", "end": "00:14:11", "text": "this would get really bad. This needs to"}, {"start": "00:14:09", "end": "00:14:13", "text": "turn now where oil is going to start to"}, {"start": "00:14:11", "end": "00:14:15", "text": "move much higher much faster. And if it"}, {"start": "00:14:13", "end": "00:14:16", "text": "does move much higher much faster, at"}, {"start": "00:14:15", "end": "00:14:17", "text": "that point you're going to have a"}, {"start": "00:14:16", "end": "00:14:18", "text": "problem for the Fed. And I I still don't"}, {"start": "00:14:17", "end": "00:14:20", "text": "think they're going to be in a position"}, {"start": "00:14:18", "end": "00:14:22", "text": "to raise rates."}, {"start": "00:14:20", "end": "00:14:24", "text": "Today's episode is brought to you by"}, {"start": "00:14:22", "end": "00:14:26", "text": "Figure. If you're into Bitcoin, you"}, {"start": "00:14:24", "end": "00:14:28", "text": "already know selling's the last thing"}, {"start": "00:14:26", "end": "00:14:31", "text": "you want to do. But at the same time,"}, {"start": "00:14:28", "end": "00:14:33", "text": "life happens, man. Opportunities arise,"}, {"start": "00:14:31", "end": "00:14:34", "text": "bills come up, and markets move. That's"}, {"start": "00:14:33", "end": "00:14:36", "text": "where Figure comes in. Instead of"}, {"start": "00:14:34", "end": "00:14:38", "text": "selling your Bitcoin, Figure let you"}, {"start": "00:14:36", "end": "00:14:40", "text": "borrow against it, so you can get cash"}, {"start": "00:14:38", "end": "00:14:43", "text": "without losing your position, and they"}, {"start": "00:14:40", "end": "00:14:45", "text": "also avoid triggering a tax event. Right"}, {"start": "00:14:43", "end": "00:14:49", "text": "now, their loans are around 8.91%"}, {"start": "00:14:45", "end": "00:14:51", "text": "interest. That's 9.9% APR at a 50% loan"}, {"start": "00:14:49", "end": "00:14:53", "text": "to value. So, you keep your upside but"}, {"start": "00:14:51", "end": "00:14:55", "text": "still get liquidity. And I know the"}, {"start": "00:14:53", "end": "00:14:58", "text": "first question people ask is, \"Yeah, but"}, {"start": "00:14:55", "end": "00:15:01", "text": "is it safe?\" It's a good question."}, {"start": "00:14:58", "end": "00:15:02", "text": "Figure uses MPC custody, which basically"}, {"start": "00:15:01", "end": "00:15:05", "text": "means your Bitcoin stays in its own"}, {"start": "00:15:02", "end": "00:15:06", "text": "segregated wallet. It's not being lent"}, {"start": "00:15:05", "end": "00:15:08", "text": "out, pulled, or sitting on some"}, {"start": "00:15:06", "end": "00:15:10", "text": "exchange. They also have optional"}, {"start": "00:15:08", "end": "00:15:12", "text": "liquidation protection, which helps if"}, {"start": "00:15:10", "end": "00:15:14", "text": "the market gets volatile. And if you're"}, {"start": "00:15:12", "end": "00:15:15", "text": "on the other side, like you've got cash"}, {"start": "00:15:14", "end": "00:15:17", "text": "and you want yield, they've got"}, {"start": "00:15:15", "end": "00:15:20", "text": "something called Democratized Prime."}, {"start": "00:15:17", "end": "00:15:23", "text": "It's earning up to 9% APY, paid hourly,"}, {"start": "00:15:20", "end": "00:15:25", "text": "and is backed by realworld assets, not"}, {"start": "00:15:23", "end": "00:15:27", "text": "just token inflation. So whether you're"}, {"start": "00:15:25", "end": "00:15:29", "text": "trying to hold your Bitcoin long-term or"}, {"start": "00:15:27", "end": "00:15:31", "text": "actually put capital to work, it's a"}, {"start": "00:15:29", "end": "00:15:33", "text": "pretty interesting setup. If you want to"}, {"start": "00:15:31", "end": "00:15:34", "text": "check it out, I've got a link in the"}, {"start": "00:15:33", "end": "00:15:38", "text": "description that you can go to or you"}, {"start": "00:15:34", "end": "00:15:38", "text": "can go to figurearkets.co/p."}, {"start": "00:15:39", "end": "00:15:44", "text": "Okay, so let's say that um they don't"}, {"start": "00:15:42", "end": "00:15:45", "text": "raise rates, but they don't cut rates. U"}, {"start": "00:15:44", "end": "00:15:48", "text": "maybe let's go kind of through asset"}, {"start": "00:15:45", "end": "00:15:50", "text": "prices. is what is the impact on the AI"}, {"start": "00:15:48", "end": "00:15:52", "text": "related stocks versus the rest of"}, {"start": "00:15:50", "end": "00:15:53", "text": "software? Have you changed your mind"}, {"start": "00:15:52", "end": "00:15:55", "text": "about anything? You you've been very"}, {"start": "00:15:53", "end": "00:15:57", "text": "bullish on the AI uh side and not so"}, {"start": "00:15:55", "end": "00:15:58", "text": "bullish on software. Is that still the"}, {"start": "00:15:57", "end": "00:16:01", "text": "same?"}, {"start": "00:15:58", "end": "00:16:03", "text": ">> So, this week has been um I mentioned"}, {"start": "00:16:01", "end": "00:16:06", "text": "the the breakdown in correlations. We've"}, {"start": "00:16:03", "end": "00:16:09", "text": "also had uh a a pretty dramatic shift"}, {"start": "00:16:06", "end": "00:16:11", "text": "earlier in the week. So, between Friday"}, {"start": "00:16:09", "end": "00:16:15", "text": "of last week, you know, we we did our"}, {"start": "00:16:11", "end": "00:16:17", "text": "our normally do our stuff on on Fridays."}, {"start": "00:16:15", "end": "00:16:18", "text": "By the close of Friday, momentum had"}, {"start": "00:16:17", "end": "00:16:21", "text": "been hit hard and that's because"}, {"start": "00:16:18", "end": "00:16:22", "text": "software had outperformed semis. That's"}, {"start": "00:16:21", "end": "00:16:25", "text": "kind of the, you know, people being"}, {"start": "00:16:22", "end": "00:16:28", "text": "short, software being long semis. We saw"}, {"start": "00:16:25", "end": "00:16:30", "text": "that unwind that continued into Monday"}, {"start": "00:16:28", "end": "00:16:33", "text": "and into Tuesday morning over the course"}, {"start": "00:16:30", "end": "00:16:36", "text": "of two days and a morning open. It was a"}, {"start": "00:16:33", "end": "00:16:39", "text": "dramatic movement in momentum. Now,"}, {"start": "00:16:36", "end": "00:16:40", "text": "momentum as a factor for the market just"}, {"start": "00:16:39", "end": "00:16:42", "text": "means the winners went down, the losers"}, {"start": "00:16:40", "end": "00:16:45", "text": "went up over the course, you know, what"}, {"start": "00:16:42", "end": "00:16:47", "text": "had worked and what hadn't worked. I I"}, {"start": "00:16:45", "end": "00:16:49", "text": "I've mentioned that I've gotten out of"}, {"start": "00:16:47", "end": "00:16:52", "text": "Micron. Um I have no intention of"}, {"start": "00:16:49", "end": "00:16:54", "text": "getting back in uh at any price uh"}, {"start": "00:16:52", "end": "00:16:56", "text": "unless it was a significant fall and I"}, {"start": "00:16:54", "end": "00:16:59", "text": "don't expect a significant fall in the"}, {"start": "00:16:56", "end": "00:17:01", "text": "AI trade. But the reason I got rid of"}, {"start": "00:16:59", "end": "00:17:04", "text": "Micron is because I think we're entering"}, {"start": "00:17:01", "end": "00:17:05", "text": "a new regime and sometimes it takes a"}, {"start": "00:17:04", "end": "00:17:07", "text": "little time for the market to deal with"}, {"start": "00:17:05", "end": "00:17:09", "text": "that. If I'm right, a lot of the things"}, {"start": "00:17:07", "end": "00:17:12", "text": "we've already talked about, rising oil"}, {"start": "00:17:09", "end": "00:17:14", "text": "prices, rising uh risk of a Fed rate"}, {"start": "00:17:12", "end": "00:17:16", "text": "hike would lead to an unwinding"}, {"start": "00:17:14", "end": "00:17:19", "text": "positions that people are in. You've"}, {"start": "00:17:16", "end": "00:17:22", "text": "mentioned the success of the Roundtill"}, {"start": "00:17:19", "end": "00:17:23", "text": "DM memory ETF."}, {"start": "00:17:22", "end": "00:17:25", "text": "I'm highlighting this weekend that I"}, {"start": "00:17:23", "end": "00:17:28", "text": "wrote a paper on inference a year ago to"}, {"start": "00:17:25", "end": "00:17:30", "text": "this week. That was when Google IO had"}, {"start": "00:17:28", "end": "00:17:33", "text": "their event last year and they showed"}, {"start": "00:17:30", "end": "00:17:35", "text": "that tokens had gone up significantly."}, {"start": "00:17:33", "end": "00:17:38", "text": "And I highlighted a bunch of names. Now,"}, {"start": "00:17:35", "end": "00:17:41", "text": "most of those names are in the DRAM ETF."}, {"start": "00:17:38", "end": "00:17:43", "text": "The reason I bring it up is we're a year"}, {"start": "00:17:41", "end": "00:17:46", "text": "into that trade. Most of those names are"}, {"start": "00:17:43", "end": "00:17:48", "text": "up four to eight eight times. Um, and"}, {"start": "00:17:46", "end": "00:17:51", "text": "it's not just Micron, SKHEX, it's things"}, {"start": "00:17:48", "end": "00:17:52", "text": "like Seagate, Western Digital. So, we're"}, {"start": "00:17:51", "end": "00:17:54", "text": "long in the tooth in something that has"}, {"start": "00:17:52", "end": "00:17:56", "text": "worked. And for me, going forward, the"}, {"start": "00:17:54", "end": "00:17:58", "text": "riskreward has changed. I don't see as"}, {"start": "00:17:56", "end": "00:18:00", "text": "much upside as I did a year ago. And"}, {"start": "00:17:58", "end": "00:18:02", "text": "normally, that means there's a rotation"}, {"start": "00:18:00", "end": "00:18:04", "text": "that should go on. For me, I've rotated,"}, {"start": "00:18:02", "end": "00:18:06", "text": "as I've said, into crypto and silver."}, {"start": "00:18:04", "end": "00:18:07", "text": "I've kept some of the semiconductors on"}, {"start": "00:18:06", "end": "00:18:09", "text": "which are still more related to the"}, {"start": "00:18:07", "end": "00:18:11", "text": "optical side. Marll, I actually bought a"}, {"start": "00:18:09", "end": "00:18:14", "text": "little bit of Intel in the weakness this"}, {"start": "00:18:11", "end": "00:18:15", "text": "week when it got under 110 and I'll"}, {"start": "00:18:14", "end": "00:18:19", "text": "continue to look down there. So, I think"}, {"start": "00:18:15", "end": "00:18:21", "text": "there's very likely going to be um a a"}, {"start": "00:18:19", "end": "00:18:24", "text": "scenario that best case scenario over"}, {"start": "00:18:21", "end": "00:18:27", "text": "the next 3 months. I think the AI trade"}, {"start": "00:18:24", "end": "00:18:29", "text": "will be unchanged type thing. Um worst"}, {"start": "00:18:27", "end": "00:18:31", "text": "case scenario is we start to see a"}, {"start": "00:18:29", "end": "00:18:33", "text": "correction where we probably need to"}, {"start": "00:18:31", "end": "00:18:35", "text": "take some air out of the bubble. You"}, {"start": "00:18:33", "end": "00:18:37", "text": "mentioned Marll and Corning was another"}, {"start": "00:18:35", "end": "00:18:38", "text": "one that you had talked about for a few"}, {"start": "00:18:37", "end": "00:18:40", "text": "weeks there. What what are your thoughts"}, {"start": "00:18:38", "end": "00:18:43", "text": "on those two?"}, {"start": "00:18:40", "end": "00:18:46", "text": ">> Yeah, I so I I think if you go through"}, {"start": "00:18:43", "end": "00:18:48", "text": "the the cycle of where AI has been, um"}, {"start": "00:18:46", "end": "00:18:50", "text": "memory was the first thing that became"}, {"start": "00:18:48", "end": "00:18:51", "text": "obvious and that was you know like I"}, {"start": "00:18:50", "end": "00:18:53", "text": "said when inference became a higher"}, {"start": "00:18:51", "end": "00:18:55", "text": "demand I wrote this paper about the"}, {"start": "00:18:53", "end": "00:18:58", "text": "amount of memory that's needed relative"}, {"start": "00:18:55", "end": "00:19:00", "text": "to GPUs. So again, when I can write a"}, {"start": "00:18:58", "end": "00:19:02", "text": "paper, I'm not a semis specialist and I"}, {"start": "00:19:00", "end": "00:19:06", "text": "wrote this paper a year ago to this"}, {"start": "00:19:02", "end": "00:19:08", "text": "week. I think that means that a lot of"}, {"start": "00:19:06", "end": "00:19:10", "text": "the good news, the acceleration is over"}, {"start": "00:19:08", "end": "00:19:14", "text": "and I think the second derivative of"}, {"start": "00:19:10", "end": "00:19:18", "text": "price is going to start to uh move down."}, {"start": "00:19:14", "end": "00:19:20", "text": "Marll only broke out about two months"}, {"start": "00:19:18", "end": "00:19:21", "text": "ago. Um, so it's not as long in the"}, {"start": "00:19:20", "end": "00:19:25", "text": "tooth. And I actually happen to believe"}, {"start": "00:19:21", "end": "00:19:27", "text": "Marll has a chance to be like a Micron"}, {"start": "00:19:25", "end": "00:19:29", "text": "type name over the course of the next"}, {"start": "00:19:27", "end": "00:19:31", "text": "two years. That's how important the"}, {"start": "00:19:29", "end": "00:19:33", "text": "optical side is in my opinion. Corning"}, {"start": "00:19:31", "end": "00:19:35", "text": "has a massive order. Their earnings are"}, {"start": "00:19:33", "end": "00:19:36", "text": "still going to be there. The question"}, {"start": "00:19:35", "end": "00:19:37", "text": "is, are they going to get an"}, {"start": "00:19:36", "end": "00:19:39", "text": "acceleration in any other part of their"}, {"start": "00:19:37", "end": "00:19:41", "text": "business? I still think that they're"}, {"start": "00:19:39", "end": "00:19:43", "text": "going to be going higher over the course"}, {"start": "00:19:41", "end": "00:19:45", "text": "of the next two years in a very"}, {"start": "00:19:43", "end": "00:19:47", "text": "meaningful way, but I also think the the"}, {"start": "00:19:45", "end": "00:19:49", "text": "memory names will too. I just think the"}, {"start": "00:19:47", "end": "00:19:52", "text": "memory names probably need more of a"}, {"start": "00:19:49", "end": "00:19:54", "text": "pause and they actually have more risk"}, {"start": "00:19:52", "end": "00:19:57", "text": "because it's easier for competitors"}, {"start": "00:19:54", "end": "00:19:59", "text": "theoretically to catch up in memory just"}, {"start": "00:19:57", "end": "00:20:01", "text": "because efficiency can do that. But also"}, {"start": "00:19:59", "end": "00:20:03", "text": "on the other side, I think uh China has"}, {"start": "00:20:01", "end": "00:20:04", "text": "already started to build out their own"}, {"start": "00:20:03", "end": "00:20:06", "text": "side. So I'm not saying that's going to"}, {"start": "00:20:04", "end": "00:20:07", "text": "happen. I still believe in all of these"}, {"start": "00:20:06", "end": "00:20:09", "text": "names over the course of the next 5"}, {"start": "00:20:07", "end": "00:20:12", "text": "years. But I just think you got to be um"}, {"start": "00:20:09", "end": "00:20:14", "text": "wary of things that have had a big run."}, {"start": "00:20:12", "end": "00:20:16", "text": "And that ETF you talked about the record"}, {"start": "00:20:14", "end": "00:20:18", "text": "volume. I think it had 6 billion in"}, {"start": "00:20:16", "end": "00:20:19", "text": "inflows um in a very short amount of"}, {"start": "00:20:18", "end": "00:20:22", "text": "time. Like one of the most successful"}, {"start": "00:20:19", "end": "00:20:24", "text": "ETFs in history. The SMH, which has been"}, {"start": "00:20:22", "end": "00:20:28", "text": "around a long time, I think it has about"}, {"start": "00:20:24", "end": "00:20:30", "text": "60 billion in AUM. So the memory names,"}, {"start": "00:20:28", "end": "00:20:31", "text": "which there's not that many of them,"}, {"start": "00:20:30", "end": "00:20:32", "text": "that means there's a lot of retail"}, {"start": "00:20:31", "end": "00:20:35", "text": "involvement in there. And I think that's"}, {"start": "00:20:32", "end": "00:20:39", "text": "where you'd probably see a correction."}, {"start": "00:20:35", "end": "00:20:41", "text": "The uh DRAM uh ETF has just over 10"}, {"start": "00:20:39", "end": "00:20:42", "text": "billion in assets now and I think they"}, {"start": "00:20:41", "end": "00:20:44", "text": "launched maybe a month, you know, five"}, {"start": "00:20:42", "end": "00:20:46", "text": "weeks ago, something like that. So, it's"}, {"start": "00:20:44", "end": "00:20:48", "text": "been pretty uh uh pretty impressive. Um"}, {"start": "00:20:46", "end": "00:20:50", "text": "le let's talk about uh what's going on"}, {"start": "00:20:48", "end": "00:20:52", "text": "in commodities. Obviously, there's been"}, {"start": "00:20:50", "end": "00:20:54", "text": "this commodity bull market. There are"}, {"start": "00:20:52", "end": "00:20:56", "text": "these huge shortages. Um you have been"}, {"start": "00:20:54", "end": "00:20:58", "text": "all over calling out a number of these."}, {"start": "00:20:56", "end": "00:21:00", "text": "I think other folks like you know the"}, {"start": "00:20:58", "end": "00:21:02", "text": "Tom Lees or the Dan Ies, I think they"}, {"start": "00:21:00", "end": "00:21:04", "text": "also uh intimately understand some of"}, {"start": "00:21:02", "end": "00:21:06", "text": "this. What is your view there in"}, {"start": "00:21:04", "end": "00:21:08", "text": "relationship more to the macro"}, {"start": "00:21:06", "end": "00:21:09", "text": "environment? Is is it insulated and so"}, {"start": "00:21:08", "end": "00:21:12", "text": "you don't really have to pay attention"}, {"start": "00:21:09", "end": "00:21:13", "text": "to interest rates, inflation, etc. Uh"}, {"start": "00:21:12", "end": "00:21:17", "text": "because this is more of a driver than a"}, {"start": "00:21:13", "end": "00:21:19", "text": "reactor or how do you look at it? So the"}, {"start": "00:21:17", "end": "00:21:20", "text": "commodity names to me the only"}, {"start": "00:21:19", "end": "00:21:24", "text": "difference between them and the stocks"}, {"start": "00:21:20", "end": "00:21:26", "text": "is uh until they have momentum going"}, {"start": "00:21:24", "end": "00:21:29", "text": "again people don't have any interest"}, {"start": "00:21:26", "end": "00:21:31", "text": "because the narrative on silver is well"}, {"start": "00:21:29", "end": "00:21:33", "text": "how do I just buy silver pe the"}, {"start": "00:21:31", "end": "00:21:35", "text": "questions I get for silver very"}, {"start": "00:21:33", "end": "00:21:37", "text": "different than than micron commodities"}, {"start": "00:21:35", "end": "00:21:40", "text": "trade a lot more and the thought process"}, {"start": "00:21:37", "end": "00:21:42", "text": "is a lot more like bitcoin um where you"}, {"start": "00:21:40", "end": "00:21:44", "text": "have to create a narrative around it so"}, {"start": "00:21:42", "end": "00:21:46", "text": "think about gold last year I mean every"}, {"start": "00:21:44", "end": "00:21:49", "text": "day we talked about gold going higher"}, {"start": "00:21:46", "end": "00:21:50", "text": "Well, now Bitcoin is with gold and with"}, {"start": "00:21:49", "end": "00:21:54", "text": "silver. They're in this consolidation"}, {"start": "00:21:50", "end": "00:21:57", "text": "pattern. The regime shift that I see"}, {"start": "00:21:54", "end": "00:22:01", "text": "happening and like I said, historically"}, {"start": "00:21:57", "end": "00:22:04", "text": "when you're above 4% in CPI,"}, {"start": "00:22:01", "end": "00:22:06", "text": "it is not good for stocks. So the S&P"}, {"start": "00:22:04", "end": "00:22:09", "text": "500 when the CPI is above 4% over the"}, {"start": "00:22:06", "end": "00:22:12", "text": "last I think I did this back to 1928. So"}, {"start": "00:22:09", "end": "00:22:14", "text": "figure approximately 100 year, it has a"}, {"start": "00:22:12", "end": "00:22:18", "text": "negative return when the CPI is above"}, {"start": "00:22:14", "end": "00:22:21", "text": "4%. When it's below 4%, it has a return"}, {"start": "00:22:18", "end": "00:22:23", "text": "of about 12%. So negative verse 12."}, {"start": "00:22:21", "end": "00:22:25", "text": "Well, we're just about to cross above"}, {"start": "00:22:23", "end": "00:22:28", "text": "4%. And at the same time, we have"}, {"start": "00:22:25", "end": "00:22:31", "text": "three-month bills at 370 right now. So"}, {"start": "00:22:28", "end": "00:22:33", "text": "CPI is going to be 50 basis points above"}, {"start": "00:22:31", "end": "00:22:34", "text": "3mon bills unless the Fed raises rates."}, {"start": "00:22:33", "end": "00:22:38", "text": "And even if they do raise rates, the"}, {"start": "00:22:34", "end": "00:22:41", "text": "question is how much would they raise? I"}, {"start": "00:22:38", "end": "00:22:43", "text": "I I think we're in a negative uh yield"}, {"start": "00:22:41", "end": "00:22:45", "text": "regime, but with growth. So the"}, {"start": "00:22:43", "end": "00:22:47", "text": "difference is if the Fed's not going to"}, {"start": "00:22:45", "end": "00:22:50", "text": "raise rates like it did when inflation"}, {"start": "00:22:47", "end": "00:22:52", "text": "was high, but at the same point you have"}, {"start": "00:22:50", "end": "00:22:53", "text": "CPI that's higher. I think the real"}, {"start": "00:22:52", "end": "00:22:57", "text": "risk, and I wrote a paper about this"}, {"start": "00:22:53", "end": "00:23:00", "text": "this week, the AI trade is moving so"}, {"start": "00:22:57", "end": "00:23:03", "text": "fast and the hoarding that's going on is"}, {"start": "00:23:00", "end": "00:23:05", "text": "so big that the issue that comes in is"}, {"start": "00:23:03", "end": "00:23:06", "text": "if we have bottlenecks, you're going to"}, {"start": "00:23:05", "end": "00:23:08", "text": "see some of these companies not meet"}, {"start": "00:23:06", "end": "00:23:10", "text": "their numbers going forward, especially"}, {"start": "00:23:08", "end": "00:23:13", "text": "if the input costs are going higher."}, {"start": "00:23:10", "end": "00:23:14", "text": "you'll see margins get compressed and"}, {"start": "00:23:13", "end": "00:23:16", "text": "that's where I think the risk is in"}, {"start": "00:23:14", "end": "00:23:18", "text": "stocks. I don't see the same risk in"}, {"start": "00:23:16", "end": "00:23:20", "text": "commodities. I think commodities there's"}, {"start": "00:23:18", "end": "00:23:23", "text": "an underlying bid by geopolitical uh"}, {"start": "00:23:20", "end": "00:23:25", "text": "needs on copper on silver and I think"}, {"start": "00:23:23", "end": "00:23:26", "text": "gold is still fitting in there. And I'll"}, {"start": "00:23:25", "end": "00:23:30", "text": "just add one thing since I've talked"}, {"start": "00:23:26", "end": "00:23:33", "text": "about silver in this group. Um silver is"}, {"start": "00:23:30", "end": "00:23:35", "text": "a major part of solar. It's needed in"}, {"start": "00:23:33", "end": "00:23:39", "text": "every single part of the AI trade but"}, {"start": "00:23:35", "end": "00:23:41", "text": "there's also a growing trade going. Um"}, {"start": "00:23:39", "end": "00:23:45", "text": "March was the largest uh import month"}, {"start": "00:23:41", "end": "00:23:47", "text": "for China in history on silver"}, {"start": "00:23:45", "end": "00:23:49", "text": "solid state batteries which I've said"}, {"start": "00:23:47", "end": "00:23:51", "text": "repeatedly to people on the"}, {"start": "00:23:49", "end": "00:23:52", "text": "institutional side that if there's one"}, {"start": "00:23:51", "end": "00:23:54", "text": "place that you should be spending a lot"}, {"start": "00:23:52", "end": "00:23:55", "text": "of time outside of chemicals to make"}, {"start": "00:23:54", "end": "00:23:58", "text": "sure you're up to speed, it is"}, {"start": "00:23:55", "end": "00:23:59", "text": "batteries. And the reason is if we want"}, {"start": "00:23:58", "end": "00:24:01", "text": "to solve our energy and power problem in"}, {"start": "00:23:59", "end": "00:24:03", "text": "the US, the easiest way to do it is to"}, {"start": "00:24:01", "end": "00:24:05", "text": "have massive batteries uh connected to"}, {"start": "00:24:03", "end": "00:24:08", "text": "every part of the grid. Because if we"}, {"start": "00:24:05", "end": "00:24:10", "text": "can store the energy then we can use up"}, {"start": "00:24:08", "end": "00:24:11", "text": "more of the excess capacity we have"}, {"start": "00:24:10", "end": "00:24:13", "text": "because we do have a lot of capacity on"}, {"start": "00:24:11", "end": "00:24:15", "text": "days where we don't need it. It's only"}, {"start": "00:24:13", "end": "00:24:17", "text": "on those days where we have to keep the"}, {"start": "00:24:15", "end": "00:24:20", "text": "excess in there. So batteries are really"}, {"start": "00:24:17", "end": "00:24:22", "text": "important and China in particular has"}, {"start": "00:24:20", "end": "00:24:25", "text": "made huge advances in solid state"}, {"start": "00:24:22", "end": "00:24:27", "text": "batteries. Uh this is critical but the"}, {"start": "00:24:25", "end": "00:24:29", "text": "difference is it uses a tremendous"}, {"start": "00:24:27", "end": "00:24:31", "text": "amount of silver relative to lithium"}, {"start": "00:24:29", "end": "00:24:34", "text": "batteries. And so if solid state"}, {"start": "00:24:31", "end": "00:24:36", "text": "replaces lithium over the course of the"}, {"start": "00:24:34", "end": "00:24:38", "text": "next five years, the silver needs go up"}, {"start": "00:24:36", "end": "00:24:40", "text": "dramatically. And if you do the numbers,"}, {"start": "00:24:38", "end": "00:24:42", "text": "we just don't have enough supply. So"}, {"start": "00:24:40", "end": "00:24:44", "text": "silver is the one that when it breaks"}, {"start": "00:24:42", "end": "00:24:46", "text": "out, uh, and I'll say the same thing I"}, {"start": "00:24:44", "end": "00:24:48", "text": "said last week, if silver breaks out, if"}, {"start": "00:24:46", "end": "00:24:49", "text": "gold breaks out, if Dogecoin breaks out,"}, {"start": "00:24:48", "end": "00:24:51", "text": "then Bitcoin will break out, they'll all"}, {"start": "00:24:49", "end": "00:24:53", "text": "go together. And I expect that to happen"}, {"start": "00:24:51", "end": "00:24:55", "text": "before the end of the summertime."}, {"start": "00:24:53", "end": "00:24:57", "text": ">> So explain a little bit more as to why"}, {"start": "00:24:55", "end": "00:24:59", "text": "before the end of the summertime. Why"}, {"start": "00:24:57", "end": "00:25:01", "text": "why that timeline that you're looking at"}, {"start": "00:24:59", "end": "00:25:04", "text": "for crypto?"}, {"start": "00:25:01", "end": "00:25:06", "text": ">> So in all my experience of trading"}, {"start": "00:25:04", "end": "00:25:08", "text": "markets um when I say a regime shift"}, {"start": "00:25:06", "end": "00:25:11", "text": "there's there's two types of regime"}, {"start": "00:25:08", "end": "00:25:13", "text": "shifts. Uh one is let's say one that"}, {"start": "00:25:11", "end": "00:25:16", "text": "lasts for a long period of time and that"}, {"start": "00:25:13", "end": "00:25:18", "text": "would be something like coming out of co"}, {"start": "00:25:16", "end": "00:25:20", "text": "uh where you go into it it's a"}, {"start": "00:25:18", "end": "00:25:21", "text": "deflationary situation and then you"}, {"start": "00:25:20", "end": "00:25:23", "text": "print money and it takes a while for"}, {"start": "00:25:21", "end": "00:25:25", "text": "people to grasp the inflationary"}, {"start": "00:25:23", "end": "00:25:28", "text": "situation. I started talking about"}, {"start": "00:25:25", "end": "00:25:30", "text": "inflation postco in May of 2020 and that"}, {"start": "00:25:28", "end": "00:25:33", "text": "was because of the enormous amount of"}, {"start": "00:25:30", "end": "00:25:35", "text": "money printing. In this case, I think"}, {"start": "00:25:33", "end": "00:25:37", "text": "we're in a co type situation from one"}, {"start": "00:25:35", "end": "00:25:39", "text": "level that equates this to a regime"}, {"start": "00:25:37", "end": "00:25:42", "text": "shift."}, {"start": "00:25:39", "end": "00:25:44", "text": "If you listen to anyone on the oil"}, {"start": "00:25:42", "end": "00:25:46", "text": "markets, and I don't know if you've had"}, {"start": "00:25:44", "end": "00:25:49", "text": "people on that have traded oil markets"}, {"start": "00:25:46", "end": "00:25:51", "text": "for a long time, the one thing they all"}, {"start": "00:25:49", "end": "00:25:52", "text": "say as a group is they had all modeled"}, {"start": "00:25:51", "end": "00:25:54", "text": "the straight of Hormuz. Straight of"}, {"start": "00:25:52", "end": "00:25:56", "text": "Hormuz is really important to the global"}, {"start": "00:25:54", "end": "00:25:59", "text": "economy. It's kind of like its own"}, {"start": "00:25:56", "end": "00:26:01", "text": "central bank. Um, oil matters to the"}, {"start": "00:25:59", "end": "00:26:03", "text": "whole world. There's no way to get off"}, {"start": "00:26:01", "end": "00:26:07", "text": "of this. Diesel drives the economy. If"}, {"start": "00:26:03", "end": "00:26:09", "text": "all of a sudden we see a downshift in"}, {"start": "00:26:07", "end": "00:26:11", "text": "the global economy which I said is"}, {"start": "00:26:09", "end": "00:26:13", "text": "showing up in Japan with inside the"}, {"start": "00:26:11", "end": "00:26:16", "text": "construction market showing up with"}, {"start": "00:26:13", "end": "00:26:18", "text": "inside uh the machinery markets both in"}, {"start": "00:26:16", "end": "00:26:20", "text": "Japan and in Korea. This is happening in"}, {"start": "00:26:18", "end": "00:26:22", "text": "both countries while the DRM stuff is"}, {"start": "00:26:20", "end": "00:26:24", "text": "still going up. You've got long-term"}, {"start": "00:26:22", "end": "00:26:27", "text": "rates which are going higher and in"}, {"start": "00:26:24", "end": "00:26:30", "text": "particular in the UK and Japan. I mean,"}, {"start": "00:26:27", "end": "00:26:32", "text": "we're talking about 25, 30-year highs"}, {"start": "00:26:30", "end": "00:26:34", "text": "that we're making in long-term yields in"}, {"start": "00:26:32", "end": "00:26:36", "text": "countries that have a ton of debt. These"}, {"start": "00:26:34", "end": "00:26:38", "text": "have all been fears at some point. So, I"}, {"start": "00:26:36", "end": "00:26:41", "text": "think the regime shift is once the"}, {"start": "00:26:38", "end": "00:26:43", "text": "technical market starts to break down,"}, {"start": "00:26:41", "end": "00:26:44", "text": "whenever that happens, and it can take"}, {"start": "00:26:43", "end": "00:26:47", "text": "weeks. That's why I said by the end of"}, {"start": "00:26:44", "end": "00:26:49", "text": "the summertime, I think there's a"}, {"start": "00:26:47", "end": "00:26:51", "text": "two-sided thing here. One is I think"}, {"start": "00:26:49", "end": "00:26:53", "text": "markets have to have a correction. I"}, {"start": "00:26:51", "end": "00:26:54", "text": "don't know to the extent because I don't"}, {"start": "00:26:53", "end": "00:26:56", "text": "know what's going to happen to the oil"}, {"start": "00:26:54", "end": "00:26:58", "text": "price. If oil, if you tell me oil's 200,"}, {"start": "00:26:56", "end": "00:26:59", "text": "I'm telling you at this point, the stock"}, {"start": "00:26:58", "end": "00:27:01", "text": "market can't deal with it anymore"}, {"start": "00:26:59", "end": "00:27:02", "text": "because we'd be up at that point, which"}, {"start": "00:27:01", "end": "00:27:05", "text": "would also mean slowing growth because"}, {"start": "00:27:02", "end": "00:27:07", "text": "we've been using excess inventories. The"}, {"start": "00:27:05", "end": "00:27:10", "text": "second part of the trade though is if"}, {"start": "00:27:07", "end": "00:27:13", "text": "the Fed doesn't move and all of a sudden"}, {"start": "00:27:10", "end": "00:27:15", "text": "there is a stimulus thing, meaning okay,"}, {"start": "00:27:13", "end": "00:27:17", "text": "the government we the straight starts to"}, {"start": "00:27:15", "end": "00:27:20", "text": "open up and oil prices come down not"}, {"start": "00:27:17", "end": "00:27:22", "text": "from 100, but they come down from 150 or"}, {"start": "00:27:20", "end": "00:27:24", "text": "200. I think that's going to be"}, {"start": "00:27:22", "end": "00:27:26", "text": "extremely positive for commodities and"}, {"start": "00:27:24", "end": "00:27:27", "text": "extremely positive for Bitcoin, but I"}, {"start": "00:27:26", "end": "00:27:29", "text": "don't think you're going to see the"}, {"start": "00:27:27", "end": "00:27:30", "text": "stock market immediately go higher"}, {"start": "00:27:29", "end": "00:27:32", "text": "because we'll be significantly higher,"}, {"start": "00:27:30", "end": "00:27:34", "text": "but in the commodity markets, we will."}, {"start": "00:27:32", "end": "00:27:36", "text": "One other aspect of the stock market"}, {"start": "00:27:34", "end": "00:27:37", "text": "that um I think people are starting to"}, {"start": "00:27:36", "end": "00:27:40", "text": "to wrap their head around is there's"}, {"start": "00:27:37", "end": "00:27:42", "text": "quite a bit of supply that is coming. Uh"}, {"start": "00:27:40", "end": "00:27:45", "text": "obviously the SpaceX IPO, there's"}, {"start": "00:27:42", "end": "00:27:47", "text": "Anthropic, potentially uh Open AI, and"}, {"start": "00:27:45", "end": "00:27:49", "text": "SpaceX is, you know, probably the"}, {"start": "00:27:47", "end": "00:27:51", "text": "largest and the one that is uh most"}, {"start": "00:27:49", "end": "00:27:53", "text": "tangible because we we've got the S1"}, {"start": "00:27:51", "end": "00:27:54", "text": "now. We we kind of know, you know, when"}, {"start": "00:27:53", "end": "00:27:56", "text": "uh when they're going to do this"}, {"start": "00:27:54", "end": "00:27:59", "text": "compared to maybe some of the larger"}, {"start": "00:27:56", "end": "00:28:01", "text": "private uh businesses, but if there's"}, {"start": "00:27:59", "end": "00:28:03", "text": "tons of supply coming and you've got,"}, {"start": "00:28:01", "end": "00:28:05", "text": "you know, kind of the macro environment,"}, {"start": "00:28:03", "end": "00:28:07", "text": "um there's many people who are quite"}, {"start": "00:28:05", "end": "00:28:08", "text": "bullish that are saying, look, for the"}, {"start": "00:28:07", "end": "00:28:09", "text": "next couple of months, there could be"}, {"start": "00:28:08", "end": "00:28:13", "text": "some headwinds here. Do you agree that"}, {"start": "00:28:09", "end": "00:28:15", "text": "that supply could become an issue?"}, {"start": "00:28:13", "end": "00:28:17", "text": ">> Supply of this side has to be an issue"}, {"start": "00:28:15", "end": "00:28:20", "text": "at least initially. Um, you know, I"}, {"start": "00:28:17", "end": "00:28:22", "text": "think if these names weren't going to be"}, {"start": "00:28:20", "end": "00:28:24", "text": "allowed to go in the ETFs, the passive"}, {"start": "00:28:22", "end": "00:28:25", "text": "markets as quickly as they are, it seems"}, {"start": "00:28:24", "end": "00:28:28", "text": "like all the rules are being changed to"}, {"start": "00:28:25", "end": "00:28:31", "text": "allow them to go in, it probably has a"}, {"start": "00:28:28", "end": "00:28:32", "text": "little bit less of an effect um, in"}, {"start": "00:28:31", "end": "00:28:35", "text": "general for what we'd be talking about."}, {"start": "00:28:32", "end": "00:28:37", "text": "Meaning if people have to get out of"}, {"start": "00:28:35", "end": "00:28:39", "text": "let's just say the S&P 500 because they"}, {"start": "00:28:37", "end": "00:28:42", "text": "have to raise cash to go buy these"}, {"start": "00:28:39", "end": "00:28:43", "text": "issuances then it would be negative for"}, {"start": "00:28:42", "end": "00:28:45", "text": "the indexes and these stocks would go"}, {"start": "00:28:43", "end": "00:28:48", "text": "on. That's what normally has happened in"}, {"start": "00:28:45", "end": "00:28:51", "text": "the past. So the size of the numbers is"}, {"start": "00:28:48", "end": "00:28:53", "text": "huge. Um I do believe that anytime you"}, {"start": "00:28:51", "end": "00:28:55", "text": "have supply of this magnitude it just"}, {"start": "00:28:53", "end": "00:28:57", "text": "adds to the question that's in the"}, {"start": "00:28:55", "end": "00:28:59", "text": "marketplace. But it's also going to it"}, {"start": "00:28:57", "end": "00:29:00", "text": "seems like it's being frontloaded."}, {"start": "00:28:59", "end": "00:29:03", "text": "They're almost in a race to get this"}, {"start": "00:29:00", "end": "00:29:05", "text": "out. And I think there's issues with"}, {"start": "00:29:03", "end": "00:29:06", "text": "that as well. The question is why are"}, {"start": "00:29:05", "end": "00:29:09", "text": "they trying to get it out? If you come"}, {"start": "00:29:06", "end": "00:29:10", "text": "to the market with too much issuance, I"}, {"start": "00:29:09", "end": "00:29:12", "text": "think it definitely gets people to be a"}, {"start": "00:29:10", "end": "00:29:14", "text": "little bit more I can wait a little"}, {"start": "00:29:12", "end": "00:29:16", "text": "while before I buy things. So I think"}, {"start": "00:29:14", "end": "00:29:18", "text": "the timing of everything for the next 3"}, {"start": "00:29:16", "end": "00:29:20", "text": "months just leads to an issue. We we've"}, {"start": "00:29:18", "end": "00:29:22", "text": "got expectations very high. We've taken"}, {"start": "00:29:20", "end": "00:29:24", "text": "the sentiment back up depending on which"}, {"start": "00:29:22", "end": "00:29:27", "text": "risk, you know, which indicator you look"}, {"start": "00:29:24", "end": "00:29:29", "text": "at um back up towards the highs where we"}, {"start": "00:29:27", "end": "00:29:30", "text": "started the year. The ones that I use"}, {"start": "00:29:29", "end": "00:29:32", "text": "were back up there. So, I just think"}, {"start": "00:29:30", "end": "00:29:34", "text": "it's a bad setup for the next three"}, {"start": "00:29:32", "end": "00:29:36", "text": "months. And like I said, it may resolve"}, {"start": "00:29:34", "end": "00:29:38", "text": "itself by just consolidating. But I"}, {"start": "00:29:36", "end": "00:29:41", "text": "think the oil part is the bigger risk is"}, {"start": "00:29:38", "end": "00:29:42", "text": "that we can ignore oil for a period of"}, {"start": "00:29:41", "end": "00:29:44", "text": "time. Inflation's already gone higher."}, {"start": "00:29:42", "end": "00:29:47", "text": "So, we're ignoring inflation. We're"}, {"start": "00:29:44", "end": "00:29:49", "text": "ignoring oil. We're ignoring rate hikes"}, {"start": "00:29:47", "end": "00:29:51", "text": "and we're ignoring rates in the backend"}, {"start": "00:29:49", "end": "00:29:54", "text": "going higher. And the only reason is"}, {"start": "00:29:51", "end": "00:29:55", "text": "because we've seen this move in the AI"}, {"start": "00:29:54", "end": "00:29:58", "text": "trade. And like I said with inside the"}, {"start": "00:29:55", "end": "00:30:00", "text": "AI trade, we're seeing stuff that has"}, {"start": "00:29:58", "end": "00:30:01", "text": "been correlated start to break down. And"}, {"start": "00:30:00", "end": "00:30:02", "text": "for people who are really want to get"}, {"start": "00:30:01", "end": "00:30:05", "text": "into the weeds of this, and I'll go"}, {"start": "00:30:02", "end": "00:30:08", "text": "through this over the weekend, there are"}, {"start": "00:30:05", "end": "00:30:10", "text": "two sectors that are the bulk of the AI"}, {"start": "00:30:08", "end": "00:30:13", "text": "trade. And most people think of it as"}, {"start": "00:30:10", "end": "00:30:16", "text": "tech. I I the the AI trade to me from"}, {"start": "00:30:13", "end": "00:30:20", "text": "the receivers, the capex trade, it's a"}, {"start": "00:30:16", "end": "00:30:23", "text": "combination of semiconductor names and"}, {"start": "00:30:20", "end": "00:30:25", "text": "then the industrials. So as much as"}, {"start": "00:30:23", "end": "00:30:28", "text": "power is necessary, this is not an"}, {"start": "00:30:25", "end": "00:30:31", "text": "energy type thing. This is really"}, {"start": "00:30:28", "end": "00:30:32", "text": "transformers, gas turbines, it's all the"}, {"start": "00:30:31", "end": "00:30:34", "text": "industrial. So when I talk about the"}, {"start": "00:30:32", "end": "00:30:37", "text": "fact that construction names and"}, {"start": "00:30:34", "end": "00:30:40", "text": "machinery names are going down in Japan"}, {"start": "00:30:37", "end": "00:30:41", "text": "and in Korea, that means part of the AI"}, {"start": "00:30:40", "end": "00:30:42", "text": "trade is already starting to break down."}, {"start": "00:30:41", "end": "00:30:44", "text": "And that's what I'm saying. When you"}, {"start": "00:30:42", "end": "00:30:46", "text": "start seeing correlation breaks, it's"}, {"start": "00:30:44", "end": "00:30:48", "text": "kind of like my turbulence model. It's a"}, {"start": "00:30:46", "end": "00:30:50", "text": "warning sign to at least have one eye"}, {"start": "00:30:48", "end": "00:30:52", "text": "open, as I like to say, and just be wary"}, {"start": "00:30:50", "end": "00:30:54", "text": "that if things start to turn the other"}, {"start": "00:30:52", "end": "00:30:56", "text": "direction, you could see a correction"}, {"start": "00:30:54", "end": "00:30:57", "text": "that goes pretty far pretty fast. And I"}, {"start": "00:30:56", "end": "00:31:00", "text": "don't think people want to be holding"}, {"start": "00:30:57", "end": "00:31:02", "text": "stocks during that period. Got it. What"}, {"start": "00:31:00", "end": "00:31:04", "text": "are you uh maybe looking for where you"}, {"start": "00:31:02", "end": "00:31:05", "text": "would start to change your mind on some"}, {"start": "00:31:04", "end": "00:31:07", "text": "of this, right? Like it it seems like"}, {"start": "00:31:05", "end": "00:31:08", "text": "you've got a very well-formed view. Is"}, {"start": "00:31:07", "end": "00:31:09", "text": "there anything that you're looking at"}, {"start": "00:31:08", "end": "00:31:13", "text": "and saying, \"Hey, if this changes, you"}, {"start": "00:31:09", "end": "00:31:16", "text": "know, I I will uh uh adapt.\""}, {"start": "00:31:13", "end": "00:31:18", "text": "So I I I'm probably less of a well no"}, {"start": "00:31:16", "end": "00:31:21", "text": "not probably I'm less of a trader than"}, {"start": "00:31:18", "end": "00:31:23", "text": "probably you know the people that are"}, {"start": "00:31:21", "end": "00:31:25", "text": "sitting at home and on the retail"}, {"start": "00:31:23", "end": "00:31:27", "text": "trading side. I'm not as slow as an"}, {"start": "00:31:25", "end": "00:31:29", "text": "institution and more importantly I can"}, {"start": "00:31:27", "end": "00:31:33", "text": "sit in things. Um I started buying"}, {"start": "00:31:29", "end": "00:31:35", "text": "Micron last year at 105. It traded down"}, {"start": "00:31:33", "end": "00:31:37", "text": "I think to 60 in the first quarter of"}, {"start": "00:31:35", "end": "00:31:39", "text": "last year and I bought more on the way"}, {"start": "00:31:37", "end": "00:31:42", "text": "down and then I bought more on the"}, {"start": "00:31:39", "end": "00:31:44", "text": "breakout. Uh I have a higher tolerance"}, {"start": "00:31:42", "end": "00:31:45", "text": "for things that I think are going to"}, {"start": "00:31:44", "end": "00:31:47", "text": "play out over the course of the next"}, {"start": "00:31:45", "end": "00:31:49", "text": "year. The way that I'm viewing my"}, {"start": "00:31:47", "end": "00:31:51", "text": "portfolio."}, {"start": "00:31:49", "end": "00:31:53", "text": "I just had a home run with most, you"}, {"start": "00:31:51", "end": "00:31:55", "text": "know, especially with Micron, but with a"}, {"start": "00:31:53", "end": "00:31:57", "text": "lot of the semiconductor names. I also"}, {"start": "00:31:55", "end": "00:32:00", "text": "lost money last year in the crypto"}, {"start": "00:31:57", "end": "00:32:02", "text": "portion of my portfolio. Um, I have"}, {"start": "00:32:00", "end": "00:32:04", "text": "upped my crypto portion because I think"}, {"start": "00:32:02", "end": "00:32:06", "text": "a year from now when we get to May of"}, {"start": "00:32:04", "end": "00:32:08", "text": "next year, instead of us talking about"}, {"start": "00:32:06", "end": "00:32:09", "text": "the parabolic needs of memory, I think"}, {"start": "00:32:08", "end": "00:32:10", "text": "we're going to be talking about the"}, {"start": "00:32:09", "end": "00:32:13", "text": "buildout of the financial"}, {"start": "00:32:10", "end": "00:32:16", "text": "infrastructure. I did a um a webinar"}, {"start": "00:32:13", "end": "00:32:20", "text": "this week with a group uh from Kraken."}, {"start": "00:32:16", "end": "00:32:22", "text": "And I I I spent a lot of time on my"}, {"start": "00:32:20", "end": "00:32:24", "text": "portion about hey, we're building out"}, {"start": "00:32:22", "end": "00:32:26", "text": "the AI infrastructure. Only at the"}, {"start": "00:32:24", "end": "00:32:28", "text": "beginning of this year did the agentic"}, {"start": "00:32:26", "end": "00:32:30", "text": "world start to happen. That's where the"}, {"start": "00:32:28", "end": "00:32:32", "text": "inference side kicked in. The other"}, {"start": "00:32:30", "end": "00:32:34", "text": "thing that's critical for inference is"}, {"start": "00:32:32", "end": "00:32:38", "text": "Ethereum."}, {"start": "00:32:34", "end": "00:32:40", "text": "It's circle. It's go through the list of"}, {"start": "00:32:38", "end": "00:32:42", "text": "the financial guardrails that you want."}, {"start": "00:32:40", "end": "00:32:43", "text": "This is a critical component is"}, {"start": "00:32:42", "end": "00:32:46", "text": "connecting the agentic world to the"}, {"start": "00:32:43", "end": "00:32:48", "text": "crypto side. And so when you look at the"}, {"start": "00:32:46", "end": "00:32:50", "text": "charts that Coinbase had in their um"}, {"start": "00:32:48", "end": "00:32:54", "text": "earnings release and you see them, they"}, {"start": "00:32:50", "end": "00:32:58", "text": "look a lot like the charts that Sundar"}, {"start": "00:32:54", "end": "00:33:00", "text": "Pai showed in token usage. So I think"}, {"start": "00:32:58", "end": "00:33:01", "text": "when we get here a year from now, and it"}, {"start": "00:33:00", "end": "00:33:03", "text": "might take 3 months, it might take 6"}, {"start": "00:33:01", "end": "00:33:05", "text": "months, but that's not what I'm looking"}, {"start": "00:33:03", "end": "00:33:07", "text": "for. I don't think silver can go down"}, {"start": "00:33:05", "end": "00:33:08", "text": "very much, and I think it will double"}, {"start": "00:33:07", "end": "00:33:10", "text": "over the next year. I don't think"}, {"start": "00:33:08", "end": "00:33:13", "text": "Bitcoin can go down very much from here."}, {"start": "00:33:10", "end": "00:33:15", "text": "And if it acts like Micron did last year"}, {"start": "00:33:13", "end": "00:33:17", "text": "and I have to buy more at 50,000 and"}, {"start": "00:33:15", "end": "00:33:19", "text": "40,000, I will because I believe a year"}, {"start": "00:33:17", "end": "00:33:21", "text": "from now, we'll be talking still about"}, {"start": "00:33:19", "end": "00:33:24", "text": "the AI trade being happening. There"}, {"start": "00:33:21", "end": "00:33:26", "text": "might be delays and bottlenecks. I think"}, {"start": "00:33:24", "end": "00:33:28", "text": "the inflation side will still be on the"}, {"start": "00:33:26", "end": "00:33:30", "text": "higher side and we'll still have rates"}, {"start": "00:33:28", "end": "00:33:32", "text": "at the lower end. The disruption will be"}, {"start": "00:33:30", "end": "00:33:34", "text": "happening to politics. The disruption"}, {"start": "00:33:32", "end": "00:33:36", "text": "will be happening to voters. People are"}, {"start": "00:33:34", "end": "00:33:37", "text": "going to be angry. And I think that"}, {"start": "00:33:36", "end": "00:33:40", "text": "Bitcoin and the crypto world will have a"}, {"start": "00:33:37", "end": "00:33:41", "text": "two-prong situation of negative real"}, {"start": "00:33:40", "end": "00:33:43", "text": "yields around the globe. The financial"}, {"start": "00:33:41", "end": "00:33:45", "text": "guard rails drawing in investors,"}, {"start": "00:33:43", "end": "00:33:47", "text": "especially the growth side, and we'll"}, {"start": "00:33:45", "end": "00:33:48", "text": "start to get an upward movement in a"}, {"start": "00:33:47", "end": "00:33:50", "text": "year from now. We'll be talking about"}, {"start": "00:33:48", "end": "00:33:52", "text": "doubles in crypto as opposed to doubles"}, {"start": "00:33:50", "end": "00:33:53", "text": "in memory."}, {"start": "00:33:52", "end": "00:33:54", "text": "All right, guys. Let's talk about"}, {"start": "00:33:53", "end": "00:33:56", "text": "something that's actually moving the"}, {"start": "00:33:54", "end": "00:33:58", "text": "needle in crypto right now. Arch public."}, {"start": "00:33:56", "end": "00:34:00", "text": "These guys are killing it. They continue"}, {"start": "00:33:58", "end": "00:34:02", "text": "to lead the way in aentic trading with"}, {"start": "00:34:00", "end": "00:34:04", "text": "the addition of Arch AI, the market wave"}, {"start": "00:34:02", "end": "00:34:06", "text": "algorithm, and their tax harvest tool."}, {"start": "00:34:04", "end": "00:34:08", "text": "They have turned it into a true one-stop"}, {"start": "00:34:06", "end": "00:34:10", "text": "shop for automated trading. Now with"}, {"start": "00:34:08", "end": "00:34:12", "text": "over 25,000 users, including several"}, {"start": "00:34:10", "end": "00:34:14", "text": "corporate treasuries, asset managers,"}, {"start": "00:34:12", "end": "00:34:16", "text": "and businesses, the testing phase, that"}, {"start": "00:34:14", "end": "00:34:18", "text": "thing's over. They perfected how to"}, {"start": "00:34:16", "end": "00:34:20", "text": "automate advanced trading strategies"}, {"start": "00:34:18", "end": "00:34:22", "text": "without ever taking custody or asking"}, {"start": "00:34:20", "end": "00:34:24", "text": "you for your private keys. Arch Public"}, {"start": "00:34:22", "end": "00:34:26", "text": "is an action speak louder than words"}, {"start": "00:34:24", "end": "00:34:28", "text": "type company. You know, my type of"}, {"start": "00:34:26", "end": "00:34:30", "text": "people. They give every user access to"}, {"start": "00:34:28", "end": "00:34:32", "text": "their platform absolutely free. You get"}, {"start": "00:34:30", "end": "00:34:34", "text": "to test it, run the strategies, watch"}, {"start": "00:34:32", "end": "00:34:36", "text": "the performance in real time, and only"}, {"start": "00:34:34", "end": "00:34:39", "text": "put real money to work when you're 100%"}, {"start": "00:34:36", "end": "00:34:41", "text": "comfortable. That's it. No pressure, no"}, {"start": "00:34:39", "end": "00:34:43", "text": "hidden fees, and no gotchas. Go to"}, {"start": "00:34:41", "end": "00:34:45", "text": "archpub.com right now and get started"}, {"start": "00:34:43", "end": "00:34:47", "text": "for free. Once you see how you can"}, {"start": "00:34:45", "end": "00:34:50", "text": "accumulate and manage crypto this way,"}, {"start": "00:34:47", "end": "00:34:51", "text": "you'll never trade the same again."}, {"start": "00:34:50", "end": "00:34:54", "text": "archpubic.com."}, {"start": "00:34:51", "end": "00:34:56", "text": "Go check them out today. Today's episode"}, {"start": "00:34:54", "end": "00:34:58", "text": "is brought to you by Uphold. Are you"}, {"start": "00:34:56", "end": "00:35:00", "text": "someone who's tired of juggling multiple"}, {"start": "00:34:58", "end": "00:35:02", "text": "apps just to trade, earn, stake, or"}, {"start": "00:35:00", "end": "00:35:04", "text": "spend your crypto? Then listen up"}, {"start": "00:35:02", "end": "00:35:06", "text": "because Uphold does all of that in one"}, {"start": "00:35:04", "end": "00:35:08", "text": "single unified platform. You can access"}, {"start": "00:35:06", "end": "00:35:10", "text": "300 plus crypto and fiat currencies with"}, {"start": "00:35:08", "end": "00:35:13", "text": "an interface that works for you whether"}, {"start": "00:35:10", "end": "00:35:15", "text": "you're a beginner or an expert. Uphold"}, {"start": "00:35:13", "end": "00:35:18", "text": "also features any to any swaps where you"}, {"start": "00:35:15", "end": "00:35:20", "text": "can swap crypto to fiat, fiat to metals,"}, {"start": "00:35:18", "end": "00:35:22", "text": "and tokens to tokens directly in the"}, {"start": "00:35:20", "end": "00:35:24", "text": "app. If you prefer self-custody,"}, {"start": "00:35:22", "end": "00:35:26", "text": "Uphold's vault gives you multi-stick"}, {"start": "00:35:24", "end": "00:35:28", "text": "security, key recovery, direct trading"}, {"start": "00:35:26", "end": "00:35:30", "text": "access, and peace of mind without giving"}, {"start": "00:35:28", "end": "00:35:32", "text": "up convenience. Uphold is also 100%"}, {"start": "00:35:30", "end": "00:35:34", "text": "reserved, meaning no fractional"}, {"start": "00:35:32", "end": "00:35:36", "text": "practices, and proof of reserves are"}, {"start": "00:35:34", "end": "00:35:39", "text": "updated every 30 seconds, so you can"}, {"start": "00:35:36", "end": "00:35:40", "text": "verify your assets anytime. For US"}, {"start": "00:35:39", "end": "00:35:42", "text": "users, you can even earn yield on"}, {"start": "00:35:40", "end": "00:35:45", "text": "dollars with the USD interest account."}, {"start": "00:35:42", "end": "00:35:47", "text": "No fees, no minimums, and funds are"}, {"start": "00:35:45", "end": "00:35:50", "text": "insured up to $2.5 million through the"}, {"start": "00:35:47", "end": "00:35:52", "text": "Atomic Cash Suite program. If you want"}, {"start": "00:35:50", "end": "00:35:55", "text": "one app for your entire digital asset"}, {"start": "00:35:52", "end": "00:35:59", "text": "life, check out Uphold today. Go to upph"}, {"start": "00:35:55", "end": "00:36:01", "text": "uphold.com to learn more. Uphold.com. Go"}, {"start": "00:35:59", "end": "00:36:04", "text": "check them out today. Now, I'm sitting"}, {"start": "00:36:01", "end": "00:36:06", "text": "here looking at a bunch of uh uh public"}, {"start": "00:36:04", "end": "00:36:09", "text": "equities, commodities, and uh some of"}, {"start": "00:36:06", "end": "00:36:12", "text": "the inflation data. And it looks like uh"}, {"start": "00:36:09", "end": "00:36:14", "text": "the economic data can be twisted to tell"}, {"start": "00:36:12", "end": "00:36:16", "text": "very different stories. And one of the"}, {"start": "00:36:14", "end": "00:36:18", "text": "things that I find uh maybe most"}, {"start": "00:36:16", "end": "00:36:21", "text": "fascinating in financial markets right"}, {"start": "00:36:18", "end": "00:36:22", "text": "now is the economic data if you want to"}, {"start": "00:36:21", "end": "00:36:24", "text": "tell a positive story can be"}, {"start": "00:36:22", "end": "00:36:26", "text": "overwhelming. But maybe the most"}, {"start": "00:36:24", "end": "00:36:28", "text": "important thing to tell a negative story"}, {"start": "00:36:26", "end": "00:36:29", "text": "is you go and you look at some of these"}, {"start": "00:36:28", "end": "00:36:31", "text": "polls. So CBS just came out with a brand"}, {"start": "00:36:29", "end": "00:36:32", "text": "new poll and asked people, you know, how"}, {"start": "00:36:31", "end": "00:36:34", "text": "do you feel about your personal"}, {"start": "00:36:32", "end": "00:36:36", "text": "finances? Over 70% of people said"}, {"start": "00:36:34", "end": "00:36:38", "text": "they're concerned or they're worried,"}, {"start": "00:36:36", "end": "00:36:41", "text": "right? If you go and you look at uh"}, {"start": "00:36:38", "end": "00:36:43", "text": "people saying, hey, is your wages or"}, {"start": "00:36:41", "end": "00:36:45", "text": "your income keeping up with inflation?"}, {"start": "00:36:43", "end": "00:36:47", "text": "something like 75 80% of people saying"}, {"start": "00:36:45", "end": "00:36:49", "text": "no. And so there's this idea of like"}, {"start": "00:36:47", "end": "00:36:52", "text": "almost regardless of what the economic"}, {"start": "00:36:49", "end": "00:36:54", "text": "data is, the perception, the feeling"}, {"start": "00:36:52", "end": "00:36:57", "text": "that people have is very negative. And"}, {"start": "00:36:54", "end": "00:37:01", "text": "you see this in some of the u approval"}, {"start": "00:36:57", "end": "00:37:03", "text": "numbers for Trump or the economy etc."}, {"start": "00:37:01", "end": "00:37:04", "text": "And so are we now in a world where the"}, {"start": "00:37:03", "end": "00:37:06", "text": "economic data is important to be"}, {"start": "00:37:04", "end": "00:37:09", "text": "informed by but actually that sentiment"}, {"start": "00:37:06", "end": "00:37:10", "text": "that those kind of survey type results"}, {"start": "00:37:09", "end": "00:37:12", "text": "have more and more weight because you're"}, {"start": "00:37:10", "end": "00:37:14", "text": "getting this you know kind of split or"}, {"start": "00:37:12", "end": "00:37:16", "text": "or this uh kind of paradox in the market"}, {"start": "00:37:14", "end": "00:37:18", "text": "where wealthy asset owners are actually"}, {"start": "00:37:16", "end": "00:37:22", "text": "making money and the rest of the country"}, {"start": "00:37:18", "end": "00:37:24", "text": "feels like they're being left behind."}, {"start": "00:37:22", "end": "00:37:26", "text": ">> I mean Donald Trump was elected on the"}, {"start": "00:37:24", "end": "00:37:28", "text": "distribution of wealth problem in the"}, {"start": "00:37:26", "end": "00:37:32", "text": "country. Um, there's no doubt that it's"}, {"start": "00:37:28", "end": "00:37:33", "text": "a K-shaped economy. So, everyone can sit"}, {"start": "00:37:32", "end": "00:37:35", "text": "there and try to pretend they can pick"}, {"start": "00:37:33", "end": "00:37:37", "text": "whatever side they want. I I listened to"}, {"start": "00:37:35", "end": "00:37:40", "text": "someone this morning that I shut off"}, {"start": "00:37:37", "end": "00:37:42", "text": "after 5 minutes. Because if you start"}, {"start": "00:37:40", "end": "00:37:43", "text": "with highlighting the delinquencies"}, {"start": "00:37:42", "end": "00:37:45", "text": "happening on credit cards, the"}, {"start": "00:37:43", "end": "00:37:49", "text": "delinquencies, and say something like"}, {"start": "00:37:45", "end": "00:37:50", "text": "the consumer is feeling it worse"}, {"start": "00:37:49", "end": "00:37:53", "text": "than any time since the great financial"}, {"start": "00:37:50", "end": "00:37:54", "text": "crisis. There is truth in that statement"}, {"start": "00:37:53", "end": "00:37:57", "text": "because we do have credit card"}, {"start": "00:37:54", "end": "00:37:59", "text": "delinquencies, auto delinquencies,"}, {"start": "00:37:57", "end": "00:38:01", "text": "mortgage payment delinquencies"}, {"start": "00:37:59", "end": "00:38:04", "text": "at those levels. There's no doubt about"}, {"start": "00:38:01", "end": "00:38:07", "text": "it. The problem is they're"}, {"start": "00:38:04", "end": "00:38:09", "text": "inconsequential to GDP"}, {"start": "00:38:07", "end": "00:38:12", "text": "because you're dealing with small parts"}, {"start": "00:38:09", "end": "00:38:15", "text": "of the economy. On the higher end, the"}, {"start": "00:38:12", "end": "00:38:17", "text": "wealth side is just insanely getting"}, {"start": "00:38:15", "end": "00:38:19", "text": "created by the day the more that the"}, {"start": "00:38:17", "end": "00:38:22", "text": "stock market goes higher. If you have I"}, {"start": "00:38:19", "end": "00:38:24", "text": "mean I think as we get on here we're up"}, {"start": "00:38:22", "end": "00:38:26", "text": "about 9% in total return for the S&P"}, {"start": "00:38:24", "end": "00:38:29", "text": "this year. I mean I hate to tell people"}, {"start": "00:38:26", "end": "00:38:32", "text": "but whatever you want to think about the"}, {"start": "00:38:29", "end": "00:38:34", "text": "global economy it's the US stock market"}, {"start": "00:38:32", "end": "00:38:38", "text": "is so big. I've talked about it. We're"}, {"start": "00:38:34", "end": "00:38:42", "text": "now above 225% of GDP. So, if you have a"}, {"start": "00:38:38", "end": "00:38:43", "text": "10% rise in the stock market, you guys"}, {"start": "00:38:42", "end": "00:38:46", "text": "have to go through the math and just"}, {"start": "00:38:43", "end": "00:38:49", "text": "realize that is literally you're talking"}, {"start": "00:38:46", "end": "00:38:54", "text": "about, I don't know, $7 trillion,"}, {"start": "00:38:49", "end": "00:38:56", "text": "which is equivalent to about 25% of GDP."}, {"start": "00:38:54", "end": "00:38:58", "text": "So, when you have an upward movement, it"}, {"start": "00:38:56", "end": "00:39:00", "text": "creates a lot of wealth for people that"}, {"start": "00:38:58", "end": "00:39:01", "text": "are already wealthy. For people that are"}, {"start": "00:39:00", "end": "00:39:03", "text": "not, we have transfer payments. And this"}, {"start": "00:39:01", "end": "00:39:06", "text": "is the K-shaped economy. And this is why"}, {"start": "00:39:03", "end": "00:39:10", "text": "voters are not happy. I absolutely know"}, {"start": "00:39:06", "end": "00:39:14", "text": "from having, you know, four kids what"}, {"start": "00:39:10", "end": "00:39:16", "text": "the truth is because for me to subsidize"}, {"start": "00:39:14", "end": "00:39:17", "text": "my kids in some way and help them be"}, {"start": "00:39:16", "end": "00:39:19", "text": "able to get started on their life in"}, {"start": "00:39:17", "end": "00:39:22", "text": "cities, you know, if there's an"}, {"start": "00:39:19", "end": "00:39:24", "text": "emergency at the house and they have a"}, {"start": "00:39:22", "end": "00:39:26", "text": "flood and the insurance doesn't cover"}, {"start": "00:39:24", "end": "00:39:28", "text": "it, they don't have the extra money in"}, {"start": "00:39:26", "end": "00:39:31", "text": "the bank account without dipping too far"}, {"start": "00:39:28", "end": "00:39:32", "text": "in and so I end up helping them out. So"}, {"start": "00:39:31", "end": "00:39:34", "text": "parents know that people are living"}, {"start": "00:39:32", "end": "00:39:36", "text": "paycheck to paycheck across the country."}, {"start": "00:39:34", "end": "00:39:38", "text": "And I think that's the reality. And I"}, {"start": "00:39:36", "end": "00:39:40", "text": "don't see a situation because of AI that"}, {"start": "00:39:38", "end": "00:39:42", "text": "that's going to change anytime soon. You"}, {"start": "00:39:40", "end": "00:39:44", "text": "don't just accumulate assets and have"}, {"start": "00:39:42", "end": "00:39:46", "text": "them go higher. Now for people that are"}, {"start": "00:39:44", "end": "00:39:48", "text": "trading, as we talked about last week, I"}, {"start": "00:39:46", "end": "00:39:50", "text": "do think traders have an advantage over"}, {"start": "00:39:48", "end": "00:39:52", "text": "wealthy people in the fact that what I"}, {"start": "00:39:50", "end": "00:39:53", "text": "described, they can get long these"}, {"start": "00:39:52", "end": "00:39:56", "text": "things and ride them up. Most"}, {"start": "00:39:53", "end": "00:39:58", "text": "institutions can't put a big position on"}, {"start": "00:39:56", "end": "00:40:00", "text": "in the DRAM names. Um, and that's one of"}, {"start": "00:39:58", "end": "00:40:02", "text": "the reasons why retail's been having"}, {"start": "00:40:00", "end": "00:40:04", "text": "such a fun time. Institutions aren't"}, {"start": "00:40:02", "end": "00:40:06", "text": "overly long them. So, if this falls,"}, {"start": "00:40:04", "end": "00:40:08", "text": "it's going to be a margin fall, meaning"}, {"start": "00:40:06", "end": "00:40:10", "text": "it's going to be because retail gets"}, {"start": "00:40:08", "end": "00:40:11", "text": "stopped out of these trades and then"}, {"start": "00:40:10", "end": "00:40:12", "text": "they'll move on to something else. Just"}, {"start": "00:40:11", "end": "00:40:14", "text": "like last year, they were involved in"}, {"start": "00:40:12", "end": "00:40:15", "text": "Palunteer, gold, and silver, and they're"}, {"start": "00:40:14", "end": "00:40:17", "text": "not involved in Palunteer, gold, and"}, {"start": "00:40:15", "end": "00:40:19", "text": "silver anymore. Retail's good. They'll"}, {"start": "00:40:17", "end": "00:40:21", "text": "go find the next trade, and the next"}, {"start": "00:40:19", "end": "00:40:22", "text": "trade to me will be in different areas."}, {"start": "00:40:21", "end": "00:40:24", "text": "Now, one other aspect of the stock"}, {"start": "00:40:22", "end": "00:40:26", "text": "market that I find very fascinating is"}, {"start": "00:40:24", "end": "00:40:29", "text": "uh there's this chart that shows the S&P"}, {"start": "00:40:26", "end": "00:40:32", "text": "500's net profit margin has risen to"}, {"start": "00:40:29", "end": "00:40:34", "text": "almost 15% in the first quarter. And so"}, {"start": "00:40:32", "end": "00:40:36", "text": "there's this idea that the underlying"}, {"start": "00:40:34", "end": "00:40:38", "text": "fundamentals of many of these businesses"}, {"start": "00:40:36", "end": "00:40:40", "text": "are improving in some cases the you know"}, {"start": "00:40:38", "end": "00:40:43", "text": "pees etc actually getting cheaper. And"}, {"start": "00:40:40", "end": "00:40:45", "text": "so how do you look at this you know"}, {"start": "00:40:43", "end": "00:40:47", "text": "bubble talk and and all the excitement"}, {"start": "00:40:45", "end": "00:40:49", "text": "but um also at the same time the"}, {"start": "00:40:47", "end": "00:40:50", "text": "underlying businesses themselves seem to"}, {"start": "00:40:49", "end": "00:40:53", "text": "be improving and actually driving you"}, {"start": "00:40:50", "end": "00:40:56", "text": "know real financial performance."}, {"start": "00:40:53", "end": "00:40:58", "text": "So the problem and and again this fits"}, {"start": "00:40:56", "end": "00:41:00", "text": "into the distribution of wealth problem."}, {"start": "00:40:58", "end": "00:41:03", "text": "Um"}, {"start": "00:41:00", "end": "00:41:05", "text": "the profit margins at the aggregate S&P"}, {"start": "00:41:03", "end": "00:41:08", "text": "level are up at 15%. But most of this is"}, {"start": "00:41:05", "end": "00:41:10", "text": "being driven by,"}, {"start": "00:41:08", "end": "00:41:14", "text": "you know, seven to 10 names in the S&P"}, {"start": "00:41:10", "end": "00:41:17", "text": "500. Um, Micron's margins are exploding."}, {"start": "00:41:14", "end": "00:41:20", "text": "Nvidia's margins are up at 70%. The"}, {"start": "00:41:17", "end": "00:41:22", "text": "hyperscalers. So, it's it's a it's a"}, {"start": "00:41:20", "end": "00:41:25", "text": "world of halves and halves, not have"}, {"start": "00:41:22", "end": "00:41:27", "text": "nots. And the reality is the S&P 500 is"}, {"start": "00:41:25", "end": "00:41:29", "text": "the S&P 500. It there's no way to go"}, {"start": "00:41:27", "end": "00:41:31", "text": "through it. If those names are, you"}, {"start": "00:41:29", "end": "00:41:34", "text": "know, the highest ones, that's great."}, {"start": "00:41:31", "end": "00:41:36", "text": "The issue is right now and where I see"}, {"start": "00:41:34", "end": "00:41:39", "text": "the issue popping up"}, {"start": "00:41:36", "end": "00:41:40", "text": "if margins were to start heading down"}, {"start": "00:41:39", "end": "00:41:42", "text": "because this is an inflated number"}, {"start": "00:41:40", "end": "00:41:44", "text": "driven by seven companies and all of a"}, {"start": "00:41:42", "end": "00:41:47", "text": "sudden their margins start to drop off"}, {"start": "00:41:44", "end": "00:41:49", "text": "for some reason it's going to look like"}, {"start": "00:41:47", "end": "00:41:51", "text": "the S&P margins are dropping off and"}, {"start": "00:41:49", "end": "00:41:52", "text": "that will scare people and that's what I"}, {"start": "00:41:51", "end": "00:41:54", "text": "think is going to happen and even if it"}, {"start": "00:41:52", "end": "00:41:56", "text": "doesn't scare people the one thing I"}, {"start": "00:41:54", "end": "00:41:58", "text": "will tell you if you want a signal in"}, {"start": "00:41:56", "end": "00:42:00", "text": "the marketplace if profit margins start"}, {"start": "00:41:58", "end": "00:42:02", "text": "dropping it's not really good and if"}, {"start": "00:42:00", "end": "00:42:04", "text": "you're a quant"}, {"start": "00:42:02", "end": "00:42:06", "text": "meaning a computer and you're trading"}, {"start": "00:42:04", "end": "00:42:08", "text": "off signals and you get a signal that"}, {"start": "00:42:06", "end": "00:42:10", "text": "says profit margins are declining or"}, {"start": "00:42:08", "end": "00:42:12", "text": "they've peaked you start extrapolating"}, {"start": "00:42:10", "end": "00:42:14", "text": "that out and even if it doesn't continue"}, {"start": "00:42:12", "end": "00:42:16", "text": "for the time being it's kind of a risk"}, {"start": "00:42:14", "end": "00:42:18", "text": "signal to reduce risk that's the problem"}, {"start": "00:42:16", "end": "00:42:20", "text": "I see is these charts look so good and"}, {"start": "00:42:18", "end": "00:42:24", "text": "so explosive and one of the things I'm"}, {"start": "00:42:20", "end": "00:42:27", "text": "highlighting um this week the capex"}, {"start": "00:42:24", "end": "00:42:30", "text": "trade so remember you and I last year"}, {"start": "00:42:27", "end": "00:42:32", "text": "spent the time defending the AI bubble"}, {"start": "00:42:30", "end": "00:42:34", "text": "meaning going against people saying it"}, {"start": "00:42:32", "end": "00:42:36", "text": "was an AI bubble. When we look at these"}, {"start": "00:42:34", "end": "00:42:38", "text": "capex numbers, you've seen the numbers"}, {"start": "00:42:36", "end": "00:42:40", "text": "for this year. We're now expecting about"}, {"start": "00:42:38", "end": "00:42:42", "text": "800 billion for this year. Last year was"}, {"start": "00:42:40", "end": "00:42:45", "text": "I think about 400 billion. The year"}, {"start": "00:42:42", "end": "00:42:48", "text": "before was say 200 and change. At the"}, {"start": "00:42:45", "end": "00:42:49", "text": "same time, so we've got combined now for"}, {"start": "00:42:48", "end": "00:42:51", "text": "the last two years plus the first"}, {"start": "00:42:49", "end": "00:42:54", "text": "quarter of this year. Let's assume it's"}, {"start": "00:42:51", "end": "00:42:55", "text": "a trillion dollar so far. Well, that's a"}, {"start": "00:42:54", "end": "00:42:58", "text": "trillion out of what's now expected to"}, {"start": "00:42:55", "end": "00:43:02", "text": "be an $8 trillion"}, {"start": "00:42:58", "end": "00:43:04", "text": "capex build. We're basically about 12%"}, {"start": "00:43:02", "end": "00:43:07", "text": "through the build"}, {"start": "00:43:04", "end": "00:43:09", "text": "and we have an enormous amount of"}, {"start": "00:43:07", "end": "00:43:12", "text": "shortages already now. So the one thing"}, {"start": "00:43:09", "end": "00:43:14", "text": "I will tell people about the buildout, I"}, {"start": "00:43:12", "end": "00:43:15", "text": "think for the next year because of how"}, {"start": "00:43:14", "end": "00:43:16", "text": "quickly the shortages and the buildout"}, {"start": "00:43:15", "end": "00:43:19", "text": "have shown up, people are"}, {"start": "00:43:16", "end": "00:43:23", "text": "underestimating that the capbacks may"}, {"start": "00:43:19", "end": "00:43:25", "text": "run into issues not on the ability to"}, {"start": "00:43:23", "end": "00:43:27", "text": "spend more money on it, but the ability"}, {"start": "00:43:25", "end": "00:43:29", "text": "of actually building as much as we think"}, {"start": "00:43:27", "end": "00:43:31", "text": "to use the chips that we're hoarding"}, {"start": "00:43:29", "end": "00:43:33", "text": "right now to compete with other people."}, {"start": "00:43:31", "end": "00:43:35", "text": "I think that is a real risk that is"}, {"start": "00:43:33", "end": "00:43:37", "text": "going to show up. I also think the"}, {"start": "00:43:35", "end": "00:43:40", "text": "adoption numbers I've now spoken to a"}, {"start": "00:43:37", "end": "00:43:43", "text": "variety of people uh at senior levels at"}, {"start": "00:43:40", "end": "00:43:45", "text": "big institutions as much as AI is being"}, {"start": "00:43:43", "end": "00:43:48", "text": "adopted and people are getting um"}, {"start": "00:43:45", "end": "00:43:49", "text": "anthropic in there they still don't"}, {"start": "00:43:48", "end": "00:43:52", "text": "they're not seeing the productivity"}, {"start": "00:43:49", "end": "00:43:54", "text": "numbers um they're not seeing the actual"}, {"start": "00:43:52", "end": "00:43:56", "text": "change they haven't fired people at most"}, {"start": "00:43:54", "end": "00:43:58", "text": "institutions so I think one of the"}, {"start": "00:43:56", "end": "00:44:01", "text": "things that it could become an issue too"}, {"start": "00:43:58", "end": "00:44:02", "text": "is the token costs are are are spiking"}, {"start": "00:44:01", "end": "00:44:05", "text": "because we've had a lot of people"}, {"start": "00:44:02", "end": "00:44:06", "text": "ordering anthropic The question is if"}, {"start": "00:44:05", "end": "00:44:08", "text": "that starts to flatten out a little bit."}, {"start": "00:44:06", "end": "00:44:10", "text": "We've been in this game of extrapolating"}, {"start": "00:44:08", "end": "00:44:12", "text": "the present. So sometimes when you get"}, {"start": "00:44:10", "end": "00:44:14", "text": "in the thing of extrapolating"}, {"start": "00:44:12", "end": "00:44:17", "text": "exponential numbers, the supply"}, {"start": "00:44:14", "end": "00:44:19", "text": "bottleneck starts to become an issue or"}, {"start": "00:44:17", "end": "00:44:21", "text": "the adoption process becomes an issue or"}, {"start": "00:44:19", "end": "00:44:22", "text": "cost becomes an issue. And this is what"}, {"start": "00:44:21", "end": "00:44:24", "text": "I wrote about this week. I think the"}, {"start": "00:44:22", "end": "00:44:27", "text": "bottleneck or the neg the next negative"}, {"start": "00:44:24", "end": "00:44:29", "text": "trade for AI is not that it's a bubble"}, {"start": "00:44:27", "end": "00:44:31", "text": "in terms of the spend. it's that we just"}, {"start": "00:44:29", "end": "00:44:34", "text": "can't we're not prepared for the amount"}, {"start": "00:44:31", "end": "00:44:35", "text": "of volume that we need and the"}, {"start": "00:44:34", "end": "00:44:37", "text": "bottlenecks that are showing up"}, {"start": "00:44:35", "end": "00:44:38", "text": "throughout it are real. But then you"}, {"start": "00:44:37", "end": "00:44:40", "text": "have the other bottleneck that was just"}, {"start": "00:44:38", "end": "00:44:42", "text": "added 3 months ago which is the straight"}, {"start": "00:44:40", "end": "00:44:43", "text": "of hor moves. When you combine all those"}, {"start": "00:44:42", "end": "00:44:46", "text": "together and inflation going higher and"}, {"start": "00:44:43", "end": "00:44:50", "text": "the Fed raising rates possibly, we might"}, {"start": "00:44:46", "end": "00:44:53", "text": "see a a a immediate shift in profit"}, {"start": "00:44:50", "end": "00:44:56", "text": "margin expectations."}, {"start": "00:44:53", "end": "00:44:59", "text": "When we go and we take a look now at uh"}, {"start": "00:44:56", "end": "00:45:00", "text": "Jeff Bezos, uh Jamie Diamond, many of"}, {"start": "00:44:59", "end": "00:45:03", "text": "these people, they keep talking about"}, {"start": "00:45:00", "end": "00:45:06", "text": "taxes and I find it very interesting"}, {"start": "00:45:03", "end": "00:45:08", "text": "because uh there now seems to be a"}, {"start": "00:45:06", "end": "00:45:10", "text": "coming of, you know, the uh uh butdding"}, {"start": "00:45:08", "end": "00:45:12", "text": "of heads. It used to be that wealthy"}, {"start": "00:45:10", "end": "00:45:13", "text": "people really didn't talk that much"}, {"start": "00:45:12", "end": "00:45:16", "text": "about taxes, but they seem to become"}, {"start": "00:45:13", "end": "00:45:18", "text": "more outspoken. We had an idea that was"}, {"start": "00:45:16", "end": "00:45:22", "text": "proposed by Jeff Bezos this week, which"}, {"start": "00:45:18", "end": "00:45:24", "text": "was that the bottom 50% of Americans"}, {"start": "00:45:22", "end": "00:45:26", "text": "should not have to pay tax. And so they"}, {"start": "00:45:24", "end": "00:45:28", "text": "contributed about 3% of the federal"}, {"start": "00:45:26", "end": "00:45:31", "text": "budget. His point was if you make"}, {"start": "00:45:28", "end": "00:45:33", "text": "$70,000, if you're sending 10 or $12,000"}, {"start": "00:45:31", "end": "00:45:36", "text": "to Washington, one, that's an incredible"}, {"start": "00:45:33", "end": "00:45:38", "text": "amount of your of the money that you"}, {"start": "00:45:36", "end": "00:45:40", "text": "need to live. Uh it'd be very impactful"}, {"start": "00:45:38", "end": "00:45:42", "text": "if you didn't have to send it. But also,"}, {"start": "00:45:40", "end": "00:45:44", "text": "Washington's not exactly the best, most"}, {"start": "00:45:42", "end": "00:45:47", "text": "capital efficient, you know, kind of uh"}, {"start": "00:45:44", "end": "00:45:49", "text": "uh allocators. What I find interesting"}, {"start": "00:45:47", "end": "00:45:52", "text": "is I don't know what's going to happen"}, {"start": "00:45:49", "end": "00:45:54", "text": "on the tax front, but all of a sudden,"}, {"start": "00:45:52", "end": "00:45:57", "text": "again, it's getting back to this idea of"}, {"start": "00:45:54", "end": "00:45:59", "text": "like the federal budget, the federal"}, {"start": "00:45:57", "end": "00:46:00", "text": "spending is really the thing that I"}, {"start": "00:45:59", "end": "00:46:02", "text": "think these wealthy people are"}, {"start": "00:46:00", "end": "00:46:04", "text": "attacking."}, {"start": "00:46:02", "end": "00:46:05", "text": "Will we get a change there or are you"}, {"start": "00:46:04", "end": "00:46:07", "text": "convinced that look, this thing is going"}, {"start": "00:46:05", "end": "00:46:08", "text": "to, you know, kind of explode higher?"}, {"start": "00:46:07", "end": "00:46:10", "text": "The national debt will continue to go"}, {"start": "00:46:08", "end": "00:46:12", "text": "up. government spending is only going to"}, {"start": "00:46:10", "end": "00:46:14", "text": "get worse and Doge, you know, didn't"}, {"start": "00:46:12", "end": "00:46:16", "text": "work to the degree that people wanted it"}, {"start": "00:46:14", "end": "00:46:18", "text": "to. And so, we just need to be all"}, {"start": "00:46:16", "end": "00:46:20", "text": "prepared for um you know, kind of more"}, {"start": "00:46:18", "end": "00:46:23", "text": "pain from uh from the government"}, {"start": "00:46:20", "end": "00:46:25", "text": "spending."}, {"start": "00:46:23", "end": "00:46:27", "text": ">> So, let let's let's"}, {"start": "00:46:25", "end": "00:46:30", "text": "do it this way. Um, we haven't talked"}, {"start": "00:46:27", "end": "00:46:32", "text": "about this, but"}, {"start": "00:46:30", "end": "00:46:36", "text": "I remember um I listened to a podcast"}, {"start": "00:46:32", "end": "00:46:38", "text": "today with uh with Yan with John Vanek,"}, {"start": "00:46:36", "end": "00:46:40", "text": "who you've interviewed before and who"}, {"start": "00:46:38", "end": "00:46:42", "text": "you interviewed at one of the events"}, {"start": "00:46:40", "end": "00:46:44", "text": "that that I was on stage with you at,"}, {"start": "00:46:42", "end": "00:46:46", "text": "and it was the first time I I had seen"}, {"start": "00:46:44", "end": "00:46:48", "text": "him speak. Number one, he's very smart."}, {"start": "00:46:46", "end": "00:46:50", "text": "Number two, he's very thoughtful. But"}, {"start": "00:46:48", "end": "00:46:51", "text": "you guys had a debate, and I hate to"}, {"start": "00:46:50", "end": "00:46:53", "text": "bring up something that that that you"}, {"start": "00:46:51", "end": "00:46:56", "text": "were wrong on, but I I'm I'm bringing it"}, {"start": "00:46:53", "end": "00:46:58", "text": "up more for a point. Um and this was on"}, {"start": "00:46:56", "end": "00:47:01", "text": "can we actually balance the budget and"}, {"start": "00:46:58", "end": "00:47:03", "text": "can we actually get and and he he"}, {"start": "00:47:01", "end": "00:47:07", "text": "basically was as direct as he said there"}, {"start": "00:47:03", "end": "00:47:09", "text": "is no chance that we can do that. Now"}, {"start": "00:47:07", "end": "00:47:11", "text": "his point as someone who I find very"}, {"start": "00:47:09", "end": "00:47:13", "text": "thoughtful on this is the clock is"}, {"start": "00:47:11", "end": "00:47:17", "text": "ticking every day. So whenever we see"}, {"start": "00:47:13", "end": "00:47:20", "text": "the debt clock that's one thing but the"}, {"start": "00:47:17", "end": "00:47:22", "text": "real issue is of the receipts that we"}, {"start": "00:47:20", "end": "00:47:24", "text": "get. So let's assume the stock market's"}, {"start": "00:47:22", "end": "00:47:26", "text": "booming, the economy is booming, and"}, {"start": "00:47:24", "end": "00:47:27", "text": "right now the receipts that the"}, {"start": "00:47:26", "end": "00:47:31", "text": "government gets are effectively"}, {"start": "00:47:27", "end": "00:47:33", "text": "equivalent to the entitlements plus the"}, {"start": "00:47:31", "end": "00:47:36", "text": "interest expense."}, {"start": "00:47:33", "end": "00:47:38", "text": "So the entitlements, we're running into"}, {"start": "00:47:36", "end": "00:47:39", "text": "a shortfall soon, meaning we don't want"}, {"start": "00:47:38", "end": "00:47:41", "text": "to have the money to pay for it. We're"}, {"start": "00:47:39", "end": "00:47:43", "text": "going to have to refund things to"}, {"start": "00:47:41", "end": "00:47:44", "text": "actually go or go borrow the money. How"}, {"start": "00:47:43", "end": "00:47:46", "text": "are we going to go borrow more money"}, {"start": "00:47:44", "end": "00:47:48", "text": "when our rates are up? So, at some"}, {"start": "00:47:46", "end": "00:47:50", "text": "point, if someone has bad credit and"}, {"start": "00:47:48", "end": "00:47:52", "text": "they need to come to the market to"}, {"start": "00:47:50", "end": "00:47:54", "text": "borrow more money on their house, it's"}, {"start": "00:47:52", "end": "00:47:56", "text": "not the original mortgage rate. It's"}, {"start": "00:47:54", "end": "00:47:58", "text": "when you run out of income, it's really"}, {"start": "00:47:56", "end": "00:48:00", "text": "hard. The the government is in a very,"}, {"start": "00:47:58", "end": "00:48:02", "text": "very difficult situation. Everything is"}, {"start": "00:48:00", "end": "00:48:05", "text": "firing on cylinders. We're trying to"}, {"start": "00:48:02", "end": "00:48:06", "text": "basically inflate our way out of this"}, {"start": "00:48:05", "end": "00:48:09", "text": "problem from everything that I can see,"}, {"start": "00:48:06", "end": "00:48:11", "text": "which is why the Fed can't raise rates."}, {"start": "00:48:09", "end": "00:48:13", "text": "But the issue that comes in as much as"}, {"start": "00:48:11", "end": "00:48:16", "text": "the tax like figuring out all these"}, {"start": "00:48:13", "end": "00:48:18", "text": "games, the entitlement thing just stares"}, {"start": "00:48:16", "end": "00:48:20", "text": "me in the face every single day. That is"}, {"start": "00:48:18", "end": "00:48:22", "text": "the pressure point that is growing. The"}, {"start": "00:48:20", "end": "00:48:24", "text": "entitlements grow every year because of"}, {"start": "00:48:22", "end": "00:48:26", "text": "demographics, because of the health of"}, {"start": "00:48:24", "end": "00:48:28", "text": "people of the country. And that reality"}, {"start": "00:48:26", "end": "00:48:30", "text": "is just coming and coming and coming."}, {"start": "00:48:28", "end": "00:48:32", "text": "And so this is the point of when you"}, {"start": "00:48:30", "end": "00:48:35", "text": "look around Japan and you look around"}, {"start": "00:48:32", "end": "00:48:37", "text": "the UK, the similarity between Japan and"}, {"start": "00:48:35", "end": "00:48:38", "text": "the UK are these two little countries"}, {"start": "00:48:37", "end": "00:48:40", "text": "that are very important to the global"}, {"start": "00:48:38", "end": "00:48:43", "text": "environment and their 30-year bond"}, {"start": "00:48:40", "end": "00:48:45", "text": "yields are just going higher. And"}, {"start": "00:48:43", "end": "00:48:47", "text": "they've had issues inside both"}, {"start": "00:48:45", "end": "00:48:49", "text": "countries. And I think to pretend like"}, {"start": "00:48:47", "end": "00:48:51", "text": "that their issues are not going to be"}, {"start": "00:48:49", "end": "00:48:53", "text": "something that puts a spotlight on this"}, {"start": "00:48:51", "end": "00:48:55", "text": "situation, we can play whatever games we"}, {"start": "00:48:53", "end": "00:48:57", "text": "want with the tax thing. It's not going"}, {"start": "00:48:55", "end": "00:48:59", "text": "to fix the problem because the problem"}, {"start": "00:48:57", "end": "00:49:01", "text": "gets worse every year and now we have"}, {"start": "00:48:59", "end": "00:49:04", "text": "inflation. And if there's one thing that"}, {"start": "00:49:01", "end": "00:49:05", "text": "doesn't get talked about, and I heard"}, {"start": "00:49:04", "end": "00:49:06", "text": "Luke Groman talk about this, and I'm"}, {"start": "00:49:05", "end": "00:49:10", "text": "going to I'm going to show it in the"}, {"start": "00:49:06", "end": "00:49:13", "text": "video this week. What the Iran situation"}, {"start": "00:49:10", "end": "00:49:15", "text": "ended up doing was front-loading the"}, {"start": "00:49:13", "end": "00:49:16", "text": "inflation. And the problem is it's"}, {"start": "00:49:15", "end": "00:49:18", "text": "putting pressure on the bond yields."}, {"start": "00:49:16", "end": "00:49:19", "text": "Pressure on the bond yields is leading"}, {"start": "00:49:18", "end": "00:49:20", "text": "to the dollar rallying. Like all of"}, {"start": "00:49:19", "end": "00:49:23", "text": "these things are happening. And now we"}, {"start": "00:49:20", "end": "00:49:26", "text": "have rate hikes. So Iran is a far far"}, {"start": "00:49:23", "end": "00:49:27", "text": "bigger situation for the long term when"}, {"start": "00:49:26", "end": "00:49:29", "text": "it gets back to the debt and deficit"}, {"start": "00:49:27", "end": "00:49:31", "text": "than I think people realize. And I don't"}, {"start": "00:49:29", "end": "00:49:33", "text": "want this to be some like doom and gloom"}, {"start": "00:49:31", "end": "00:49:35", "text": "thing because we just continue to print"}, {"start": "00:49:33", "end": "00:49:37", "text": "our way out and vote our way out. But I"}, {"start": "00:49:35", "end": "00:49:38", "text": "think you have to remember that the"}, {"start": "00:49:37", "end": "00:49:41", "text": "government is going to have to do"}, {"start": "00:49:38", "end": "00:49:43", "text": "something to keep yields in check and"}, {"start": "00:49:41", "end": "00:49:45", "text": "that means buying some that's very"}, {"start": "00:49:43", "end": "00:49:46", "text": "positive for the whole crypto thing and"}, {"start": "00:49:45", "end": "00:49:48", "text": "I think that's the endgame for all of"}, {"start": "00:49:46", "end": "00:49:50", "text": "this honestly for people that are"}, {"start": "00:49:48", "end": "00:49:52", "text": "watching since most of them are crypto."}, {"start": "00:49:50", "end": "00:49:54", "text": "We go through this routine all the time."}, {"start": "00:49:52", "end": "00:49:56", "text": "You need a crisis for Bitcoin to come"}, {"start": "00:49:54", "end": "00:49:58", "text": "out of it soaring and usually comes out"}, {"start": "00:49:56", "end": "00:50:00", "text": "of soaring whether it's COVID, whether"}, {"start": "00:49:58", "end": "00:50:02", "text": "it's 2022 when they stopped raising"}, {"start": "00:50:00", "end": "00:50:03", "text": "rates. I think we're getting closer to"}, {"start": "00:50:02", "end": "00:50:04", "text": "the government having to do something on"}, {"start": "00:50:03", "end": "00:50:06", "text": "the long end of the curve because all"}, {"start": "00:50:04", "end": "00:50:08", "text": "these pressures are growing and this"}, {"start": "00:50:06", "end": "00:50:09", "text": "debate over taxes. It means the"}, {"start": "00:50:08", "end": "00:50:10", "text": "municipalities are going to have an"}, {"start": "00:50:09", "end": "00:50:12", "text": "issue because people are going to keep"}, {"start": "00:50:10", "end": "00:50:13", "text": "moving to Florida or moving to Texas and"}, {"start": "00:50:12", "end": "00:50:15", "text": "that's what's happening for wealthy"}, {"start": "00:50:13", "end": "00:50:16", "text": "people."}, {"start": "00:50:15", "end": "00:50:18", "text": ">> What um what else are you going to show"}, {"start": "00:50:16", "end": "00:50:19", "text": "in your video this week?"}, {"start": "00:50:18", "end": "00:50:22", "text": "I I'm going to talk I'm going to give a"}, {"start": "00:50:19", "end": "00:50:24", "text": "lot of again we we talk on this I don't"}, {"start": "00:50:22", "end": "00:50:26", "text": "show any slides we don't go through"}, {"start": "00:50:24", "end": "00:50:28", "text": "anything. So when people try to you know"}, {"start": "00:50:26", "end": "00:50:31", "text": "think about well what's different"}, {"start": "00:50:28", "end": "00:50:32", "text": "between what I talk about on the weekend"}, {"start": "00:50:31", "end": "00:50:34", "text": "you and I don't go through what I'm"}, {"start": "00:50:32", "end": "00:50:36", "text": "going to talk about and I've spent the"}, {"start": "00:50:34", "end": "00:50:38", "text": "week kind of going through with the"}, {"start": "00:50:36", "end": "00:50:40", "text": "facts behind what I talk about here. So"}, {"start": "00:50:38", "end": "00:50:42", "text": "if people wonder how does he have all"}, {"start": "00:50:40", "end": "00:50:44", "text": "this information in my head? Well, I'm"}, {"start": "00:50:42", "end": "00:50:46", "text": "doing a lot of work during the week just"}, {"start": "00:50:44", "end": "00:50:48", "text": "like you Anthony is to go through and"}, {"start": "00:50:46", "end": "00:50:50", "text": "and be able to talk about these things."}, {"start": "00:50:48", "end": "00:50:52", "text": "We don't prep. We don't go through this,"}, {"start": "00:50:50", "end": "00:50:53", "text": "but the shaping of what we talk about is"}, {"start": "00:50:52", "end": "00:50:56", "text": "things that intersect. And I think the"}, {"start": "00:50:53", "end": "00:50:58", "text": "intersection for this week, guys, is as"}, {"start": "00:50:56", "end": "00:51:01", "text": "well as everything is doing. My thematic"}, {"start": "00:50:58", "end": "00:51:02", "text": "portfolio has had a huge run. Um, I will"}, {"start": "00:51:01", "end": "00:51:05", "text": "say for people who are interested,"}, {"start": "00:51:02", "end": "00:51:07", "text": "particularly on the RAIA and FA side,"}, {"start": "00:51:05", "end": "00:51:10", "text": "you should tune in because I am getting"}, {"start": "00:51:07", "end": "00:51:12", "text": "things listed uh not in an ETF for a"}, {"start": "00:51:10", "end": "00:51:14", "text": "variety of reasons, but Morgan Stanley"}, {"start": "00:51:12", "end": "00:51:16", "text": "and I are working on things to basically"}, {"start": "00:51:14", "end": "00:51:18", "text": "have an index that is trackable in at"}, {"start": "00:51:16", "end": "00:51:20", "text": "least Bloomberg, but it's very good for"}, {"start": "00:51:18", "end": "00:51:22", "text": "institutions who are looking to be more"}, {"start": "00:51:20", "end": "00:51:23", "text": "involved. And again, these are a hundred"}, {"start": "00:51:22", "end": "00:51:25", "text": "names that I think are going to survive"}, {"start": "00:51:23", "end": "00:51:26", "text": "whatever we're talking about here"}, {"start": "00:51:25", "end": "00:51:29", "text": "because the AI buildout is going to"}, {"start": "00:51:26", "end": "00:51:30", "text": "happen. the path between here and there"}, {"start": "00:51:29", "end": "00:51:34", "text": "I will talk about I think we're entering"}, {"start": "00:51:30", "end": "00:51:35", "text": "a different regime and as a trader as my"}, {"start": "00:51:34", "end": "00:51:37", "text": "father taught me when I would go when"}, {"start": "00:51:35", "end": "00:51:39", "text": "he'd teach me okay if you're going to"}, {"start": "00:51:37", "end": "00:51:41", "text": "the racetrack and you've got a certain"}, {"start": "00:51:39", "end": "00:51:43", "text": "amount of money uh you may only find"}, {"start": "00:51:41", "end": "00:51:45", "text": "three races where there's edge in it for"}, {"start": "00:51:43", "end": "00:51:47", "text": "you and those are the three you should"}, {"start": "00:51:45", "end": "00:51:49", "text": "bet don't be this person who bets on"}, {"start": "00:51:47", "end": "00:51:51", "text": "every race and believes that you have an"}, {"start": "00:51:49", "end": "00:51:52", "text": "edge in every race you want to find"}, {"start": "00:51:51", "end": "00:51:53", "text": "things where you've done your homework"}, {"start": "00:51:52", "end": "00:51:55", "text": "where you've done your analysis and then"}, {"start": "00:51:53", "end": "00:51:57", "text": "go through I think in the case of the"}, {"start": "00:51:55", "end": "00:52:00", "text": "memory market the DRAM market. If you're"}, {"start": "00:51:57", "end": "00:52:02", "text": "trading momentum right now, it is not"}, {"start": "00:52:00", "end": "00:52:04", "text": "completely collapsed, but I would have"}, {"start": "00:52:02", "end": "00:52:06", "text": "one eye open and be ready to kind of"}, {"start": "00:52:04", "end": "00:52:08", "text": "reduce your risk and already be taking"}, {"start": "00:52:06", "end": "00:52:10", "text": "cash. What I'm doing is rotating into"}, {"start": "00:52:08", "end": "00:52:12", "text": "stuff that might be a little early, but"}, {"start": "00:52:10", "end": "00:52:14", "text": "I think the downside is limited and the"}, {"start": "00:52:12", "end": "00:52:16", "text": "riskreward is shifted where I think I'm"}, {"start": "00:52:14", "end": "00:52:17", "text": "getting back into these good scenarios."}, {"start": "00:52:16", "end": "00:52:19", "text": "So, I'm going to kind of teach people"}, {"start": "00:52:17", "end": "00:52:21", "text": "that I'll show them a little bit more on"}, {"start": "00:52:19", "end": "00:52:22", "text": "the thematic portfolio and I will get"}, {"start": "00:52:21", "end": "00:52:24", "text": "into a couple more names that maybe they"}, {"start": "00:52:22", "end": "00:52:26", "text": "haven't thought about. uh and this is in"}, {"start": "00:52:24", "end": "00:52:28", "text": "the IP side which have been left for"}, {"start": "00:52:26", "end": "00:52:29", "text": "dead names that are probably more"}, {"start": "00:52:28", "end": "00:52:31", "text": "important in the power situation but"}, {"start": "00:52:29", "end": "00:52:33", "text": "they're more defensive and so if we get"}, {"start": "00:52:31", "end": "00:52:34", "text": "in a situation that's less momentum"}, {"start": "00:52:33", "end": "00:52:36", "text": "you're probably going to see the"}, {"start": "00:52:34", "end": "00:52:37", "text": "defensive names start to outperform and"}, {"start": "00:52:36", "end": "00:52:39", "text": "that's the place that I would kind of"}, {"start": "00:52:37", "end": "00:52:41", "text": "hide my money for the near term"}, {"start": "00:52:39", "end": "00:52:43", "text": ">> makes uh makes complete sense to me I"}, {"start": "00:52:41", "end": "00:52:44", "text": "appreciate you doing this every single"}, {"start": "00:52:43", "end": "00:52:46", "text": "person here should go Jordy Visser on"}, {"start": "00:52:44", "end": "00:52:48", "text": "YouTube go hit subscribe go check out"}, {"start": "00:52:46", "end": "00:52:50", "text": "your substack I I think I'm like Jordy"}, {"start": "00:52:48", "end": "00:52:54", "text": "Visser president of your fan club that's"}, {"start": "00:52:50", "end": "00:52:54", "text": "what I've determined so uh everyone"}, {"start": "00:52:54", "end": "00:52:56", "text": "my man."}, {"start": "00:52:54", "end": "00:52:58", "text": ">> Yeah, it's my job to go get uh you know,"}, {"start": "00:52:56", "end": "00:53:00", "text": "get more people to join the fan club. Uh"}, {"start": "00:52:58", "end": "00:53:02", "text": "but I appreciate you doing this and uh"}, {"start": "00:53:00", "end": "00:53:02", "text": "and next week we're going to be back in"}, {"start": "00:53:02", "end": "00:53:05", "text": "person, I think. Right."}, {"start": "00:53:02", "end": "00:53:06", "text": ">> Back in person next week."}, {"start": "00:53:05", "end": "00:53:07", "text": ">> All right, sounds good. We'll uh we'll"}, {"start": "00:53:06", "end": "00:53:09", "text": "talk soon. Okay."}, {"start": "00:53:07", "end": "00:53:11", "text": ">> All right, bud. See you. Have a good"}, {"start": "00:53:09", "end": "00:53:11", "text": "one."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Remember like what Anthropic's done is"}, {"start": "00:00:02", "end": "00:00:07", "text": "unbelievable. But you start that type of"}, {"start": "00:00:05", "end": "00:00:10", "text": "fear. That's the thing. Then all of a"}, {"start": "00:00:07", "end": "00:00:11", "text": "sudden data centers don't get built. You"}, {"start": "00:00:10", "end": "00:00:14", "text": "have politicians get more focused on"}, {"start": "00:00:11", "end": "00:00:16", "text": "regulation of models. You start to go"}, {"start": "00:00:14", "end": "00:00:18", "text": "closer to Europe from a data privacy."}, {"start": "00:00:16", "end": "00:00:20", "text": "Meanwhile, China at that point is like"}, {"start": "00:00:18", "end": "00:00:23", "text": "foot on the pedal going. That's the"}, {"start": "00:00:20", "end": "00:00:27", "text": "thing that to me that I worry about the"}, {"start": "00:00:23", "end": "00:00:28", "text": "most is the self-created PR problem."}, {"start": "00:00:27", "end": "00:00:30", "text": "What's going on guys? Today we've got a"}, {"start": "00:00:28", "end": "00:00:31", "text": "great conversation with Dan Ies. He's"}, {"start": "00:00:30", "end": "00:00:33", "text": "the head of tech research at Wedbush."}, {"start": "00:00:31", "end": "00:00:35", "text": "And in this conversation we dive deep"}, {"start": "00:00:33", "end": "00:00:37", "text": "into the AI trade. He explains what he's"}, {"start": "00:00:35", "end": "00:00:40", "text": "excited about, what he's worried about."}, {"start": "00:00:37", "end": "00:00:41", "text": "He shows you where there is actual"}, {"start": "00:00:40", "end": "00:00:43", "text": "capital flowing and then he takes us"}, {"start": "00:00:41", "end": "00:00:44", "text": "around the world as he goes on a trip"}, {"start": "00:00:43", "end": "00:00:46", "text": "and he tries to understand what's"}, {"start": "00:00:44", "end": "00:00:47", "text": "happening on the ground. We also talk"}, {"start": "00:00:46", "end": "00:00:48", "text": "about the impact from the macro"}, {"start": "00:00:47", "end": "00:00:50", "text": "environment, what's going on with"}, {"start": "00:00:48", "end": "00:00:52", "text": "Bitcoin and crypto. And then Dan zooms"}, {"start": "00:00:50", "end": "00:00:54", "text": "out and explains what needs to change in"}, {"start": "00:00:52", "end": "00:00:56", "text": "order for AI to become more adopted"}, {"start": "00:00:54", "end": "00:00:58", "text": "globally and actually usher in the age"}, {"start": "00:00:56", "end": "00:01:00", "text": "of abundance that everyone's so excited"}, {"start": "00:00:58", "end": "00:01:02", "text": "about. Here's my latest conversation"}, {"start": "00:01:00", "end": "00:01:03", "text": "with Dan Ies. Dan, let's start with"}, {"start": "00:01:02", "end": "00:01:05", "text": "SpaceX. Obviously, everyone is"}, {"start": "00:01:03", "end": "00:01:07", "text": "anticipating this IPO. It's supposed to"}, {"start": "00:01:05", "end": "00:01:08", "text": "be the biggest IPO in history. How do"}, {"start": "00:01:07", "end": "00:01:10", "text": "you view the positives and negative"}, {"start": "00:01:08", "end": "00:01:12", "text": "impact of this company coming public?"}, {"start": "00:01:10", "end": "00:01:14", "text": ">> Look, I mean, this is really it's"}, {"start": "00:01:12", "end": "00:01:17", "text": "defining what's going to be a new"}, {"start": "00:01:14", "end": "00:01:20", "text": "sector, no different than tech or"}, {"start": "00:01:17", "end": "00:01:22", "text": "retail. It's space. And I think there's"}, {"start": "00:01:20", "end": "00:01:25", "text": "misnomers because to me SpaceX is going"}, {"start": "00:01:22", "end": "00:01:28", "text": "to be about defining space in terms of"}, {"start": "00:01:25", "end": "00:01:29", "text": "data centers in space, the business"}, {"start": "00:01:28", "end": "00:01:32", "text": "components. Not necessarily we're"}, {"start": "00:01:29", "end": "00:01:35", "text": "talking like joy rides in space for, you"}, {"start": "00:01:32", "end": "00:01:39", "text": "know, 20 seconds. And it's really going"}, {"start": "00:01:35", "end": "00:01:41", "text": "to be almost a convergence of tech and"}, {"start": "00:01:39", "end": "00:01:45", "text": "this new sort of, you know, what I view"}, {"start": "00:01:41", "end": "00:01:46", "text": "as like like a spatial revolution. It"}, {"start": "00:01:45", "end": "00:01:49", "text": "all starts with SpaceX. But look,"}, {"start": "00:01:46", "end": "00:01:52", "text": "there's so many names like Planet Labs,"}, {"start": "00:01:49", "end": "00:01:54", "text": "Rocket Labs, Voyager, whatever. And this"}, {"start": "00:01:52", "end": "00:01:56", "text": "is just the start, but it comes down"}, {"start": "00:01:54", "end": "00:02:00", "text": "like for Musk, it's it's a watershed"}, {"start": "00:01:56", "end": "00:02:02", "text": "moment, not just for him, but what I"}, {"start": "00:02:00", "end": "00:02:04", "text": "view is kind of for the market. And"}, {"start": "00:02:02", "end": "00:02:07", "text": "really, it's starting to now create a"}, {"start": "00:02:04", "end": "00:02:08", "text": "whole another category in terms of what"}, {"start": "00:02:07", "end": "00:02:10", "text": "this is going to mean. So the company"}, {"start": "00:02:08", "end": "00:02:12", "text": "started off as just rocket launches and"}, {"start": "00:02:10", "end": "00:02:14", "text": "trying to make reusable rockets and"}, {"start": "00:02:12", "end": "00:02:15", "text": "cheaper uh launches, but now it went"}, {"start": "00:02:14", "end": "00:02:17", "text": "into satellites and then there's almost"}, {"start": "00:02:15", "end": "00:02:19", "text": "this like big promise of the orbital"}, {"start": "00:02:17", "end": "00:02:20", "text": "data centers and it seems like that's"}, {"start": "00:02:19", "end": "00:02:22", "text": "coming right at the time where everyone"}, {"start": "00:02:20", "end": "00:02:24", "text": "on Earth is like hey we may not have"}, {"start": "00:02:22", "end": "00:02:26", "text": "enough space or power or data centers"}, {"start": "00:02:24", "end": "00:02:28", "text": "and so how much of this is evaluating"}, {"start": "00:02:26", "end": "00:02:30", "text": "the existing business versus people"}, {"start": "00:02:28", "end": "00:02:31", "text": "buying into the future vision of what it"}, {"start": "00:02:30", "end": "00:02:33", "text": "could be?"}, {"start": "00:02:31", "end": "00:02:36", "text": ">> 80% of it future."}, {"start": "00:02:33", "end": "00:02:38", "text": ">> Interesting. If you look at it"}, {"start": "00:02:36", "end": "00:02:39", "text": "currently, are you would you at two"}, {"start": "00:02:38", "end": "00:02:41", "text": "trillion or trillion and a half would"}, {"start": "00:02:39", "end": "00:02:45", "text": "you? No. In other words, it goes back to"}, {"start": "00:02:41", "end": "00:02:48", "text": "like what will this become? But then it"}, {"start": "00:02:45", "end": "00:02:51", "text": "comes down to like if you bought Intel"}, {"start": "00:02:48", "end": "00:02:53", "text": "when you know us put it stake. It wasn't"}, {"start": "00:02:51", "end": "00:02:57", "text": "just on that. It was like can they"}, {"start": "00:02:53", "end": "00:02:59", "text": "become a player in AI? With Nvidia, it"}, {"start": "00:02:57", "end": "00:03:01", "text": "wasn't just about like going after AI."}, {"start": "00:02:59", "end": "00:03:03", "text": "like what eventually will happen if"}, {"start": "00:03:01", "end": "00:03:05", "text": "they're able to not just monetize"}, {"start": "00:03:03", "end": "00:03:07", "text": "enterprise but create physical AI when"}, {"start": "00:03:05", "end": "00:03:10", "text": "it comes to chips. So I think that"}, {"start": "00:03:07", "end": "00:03:12", "text": "continues to really be the focus for"}, {"start": "00:03:10", "end": "00:03:15", "text": "SpaceX because it's Musk and then we've"}, {"start": "00:03:12", "end": "00:03:20", "text": "talked about like we view it we've said"}, {"start": "00:03:15", "end": "00:03:23", "text": "80% 85 that SpaceX to merge eventually"}, {"start": "00:03:20", "end": "00:03:26", "text": "with Tesla in 2027."}, {"start": "00:03:23", "end": "00:03:28", "text": ">> Yeah. So you think 80 85% of SpaceX"}, {"start": "00:03:26", "end": "00:03:29", "text": "Tesla merging in 2027 not like just some"}, {"start": "00:03:28", "end": "00:03:29", "text": "point in the future but literally by"}, {"start": "00:03:29", "end": "00:03:33", "text": "next year"}, {"start": "00:03:29", "end": "00:03:35", "text": ">> because I think it's important that ju"}, {"start": "00:03:33", "end": "00:03:37", "text": "so just take a step back like why is"}, {"start": "00:03:35", "end": "00:03:40", "text": "there a trial Musk Alman this despite"}, {"start": "00:03:37", "end": "00:03:42", "text": "like personal beef and just all the"}, {"start": "00:03:40", "end": "00:03:46", "text": "things that have happened there I mean a"}, {"start": "00:03:42", "end": "00:03:49", "text": "lot of it really comes down to anthropic"}, {"start": "00:03:46", "end": "00:03:52", "text": "open AI then down here it's like XAI or"}, {"start": "00:03:49", "end": "00:03:54", "text": "SpaceX AI"}, {"start": "00:03:52", "end": "00:03:56", "text": ">> so now it's How are you going to"}, {"start": "00:03:54", "end": "00:03:58", "text": "converge? No different. What has Google"}, {"start": "00:03:56", "end": "00:03:59", "text": "done with Gemini?"}, {"start": "00:03:58", "end": "00:04:01", "text": ">> Data."}, {"start": "00:03:59", "end": "00:04:06", "text": ">> Data is the new oil and gold."}, {"start": "00:04:01", "end": "00:04:08", "text": ">> You converge, merge SpaceX and Tesla."}, {"start": "00:04:06", "end": "00:04:09", "text": "From a data perspective, forget all the"}, {"start": "00:04:08", "end": "00:04:11", "text": "hyperboles and different like biggest"}, {"start": "00:04:09", "end": "00:04:14", "text": "IPO ever."}, {"start": "00:04:11", "end": "00:04:15", "text": ">> This would really create from a data"}, {"start": "00:04:14", "end": "00:04:17", "text": "perspective."}, {"start": "00:04:15", "end": "00:04:21", "text": "should now be unmatched that I believe"}, {"start": "00:04:17", "end": "00:04:23", "text": "would enable Musk to really narrow the"}, {"start": "00:04:21", "end": "00:04:25", "text": "gap from a model perspective versus an"}, {"start": "00:04:23", "end": "00:04:27", "text": "anthropic open AI. It's hard to tell how"}, {"start": "00:04:25", "end": "00:04:29", "text": "much this is like a master plan that he"}, {"start": "00:04:27", "end": "00:04:31", "text": "had versus he's just uh going building"}, {"start": "00:04:29", "end": "00:04:32", "text": "these companies identifying areas that"}, {"start": "00:04:31", "end": "00:04:34", "text": "need to be solved and then expanding"}, {"start": "00:04:32", "end": "00:04:35", "text": "into them. But let's say these two"}, {"start": "00:04:34", "end": "00:04:37", "text": "companies do come together. It's I don't"}, {"start": "00:04:35", "end": "00:04:39", "text": "know Musk Industries or whatever you"}, {"start": "00:04:37", "end": "00:04:42", "text": "want to call it. But basically he's able"}, {"start": "00:04:39", "end": "00:04:44", "text": "to launch at a very low cost into space."}, {"start": "00:04:42", "end": "00:04:47", "text": "So he can get both satellites and data"}, {"start": "00:04:44", "end": "00:04:49", "text": "centers up there. He then is able to use"}, {"start": "00:04:47", "end": "00:04:51", "text": "all the solar capabilities from Tesla"}, {"start": "00:04:49", "end": "00:04:54", "text": "and Solar City and all of that uh in"}, {"start": "00:04:51", "end": "00:04:56", "text": "space, capture the energy of the sun,"}, {"start": "00:04:54", "end": "00:04:58", "text": "create the compute in space in those"}, {"start": "00:04:56", "end": "00:05:00", "text": "orbital data centers, then beam it down"}, {"start": "00:04:58", "end": "00:05:02", "text": "via the satellite technology he has with"}, {"start": "00:05:00", "end": "00:05:04", "text": "Starlink and then he goes all the way to"}, {"start": "00:05:02", "end": "00:05:06", "text": "the end consumer where he is literally"}, {"start": "00:05:04", "end": "00:05:07", "text": "talking about humanoid robots and"}, {"start": "00:05:06", "end": "00:05:11", "text": "self-driving cars"}, {"start": "00:05:07", "end": "00:05:13", "text": ">> and crazy and that also tech companies"}, {"start": "00:05:11", "end": "00:05:16", "text": "whether it's Google and Microsoft tech"}, {"start": "00:05:13", "end": "00:05:18", "text": "companies ultimately How else are you"}, {"start": "00:05:16", "end": "00:05:20", "text": "getting a space"}, {"start": "00:05:18", "end": "00:05:21", "text": ">> like the the the Palm spaceship? Like"}, {"start": "00:05:20", "end": "00:05:23", "text": "the point is like"}, {"start": "00:05:21", "end": "00:05:25", "text": ">> never know. I mean with the new studio,"}, {"start": "00:05:23", "end": "00:05:27", "text": "but the point is like"}, {"start": "00:05:25", "end": "00:05:29", "text": ">> it comes down to like that will start to"}, {"start": "00:05:27", "end": "00:05:31", "text": "be you saw like from a technology"}, {"start": "00:05:29", "end": "00:05:34", "text": "partnership perspective in terms of"}, {"start": "00:05:31", "end": "00:05:37", "text": "where SpaceX is ultimately going and"}, {"start": "00:05:34", "end": "00:05:39", "text": "that's why I view SpaceX or just that"}, {"start": "00:05:37", "end": "00:05:42", "text": "broader sector as almost like second,"}, {"start": "00:05:39", "end": "00:05:43", "text": "third, fourth derivative plays off AI"}, {"start": "00:05:42", "end": "00:05:45", "text": "revolution that's happened in tech. I"}, {"start": "00:05:43", "end": "00:05:47", "text": "don't view them as separate and I"}, {"start": "00:05:45", "end": "00:05:51", "text": "actually think when you think about a"}, {"start": "00:05:47", "end": "00:05:53", "text": "theme being 5 10 15 year theme"}, {"start": "00:05:51", "end": "00:05:55", "text": ">> now one of the things I find interesting"}, {"start": "00:05:53", "end": "00:05:57", "text": "is there's so much like anti-AI"}, {"start": "00:05:55", "end": "00:05:58", "text": "narrative out there uh there's both the"}, {"start": "00:05:57", "end": "00:06:01", "text": "data centers which people are worried"}, {"start": "00:05:58", "end": "00:06:03", "text": "about electricity cost water noise you"}, {"start": "00:06:01", "end": "00:06:05", "text": "know environmental impact um I also"}, {"start": "00:06:03", "end": "00:06:07", "text": "think that there's maybe some distrust"}, {"start": "00:06:05", "end": "00:06:08", "text": "of oh I've heard this before of you're"}, {"start": "00:06:07", "end": "00:06:11", "text": "going to create jobs or economic"}, {"start": "00:06:08", "end": "00:06:13", "text": "activity uh at the same time there is a"}, {"start": "00:06:11", "end": "00:06:15", "text": "lot of just plain anti-AI narrative,"}, {"start": "00:06:13", "end": "00:06:16", "text": "right? Not even the data center stuff,"}, {"start": "00:06:15", "end": "00:06:18", "text": "just like I don't think this is good or"}, {"start": "00:06:16", "end": "00:06:19", "text": "I think this is going to take my job,"}, {"start": "00:06:18", "end": "00:06:22", "text": "etc."}, {"start": "00:06:19", "end": "00:06:24", "text": ">> How do you think that we overcome that,"}, {"start": "00:06:22", "end": "00:06:26", "text": "right? Well, first off, I think a lot of"}, {"start": "00:06:24", "end": "00:06:29", "text": "it is actually self-created by the"}, {"start": "00:06:26", "end": "00:06:32", "text": "industry. When you have Daario from"}, {"start": "00:06:29", "end": "00:06:34", "text": "Anthropic saying 20 30% job loss,"}, {"start": "00:06:32", "end": "00:06:36", "text": "Mustafa from Microsoft saying like we're"}, {"start": "00:06:34", "end": "00:06:38", "text": "going to all white collar, you know,"}, {"start": "00:06:36", "end": "00:06:41", "text": "white collar sort of jobs are ultimately"}, {"start": "00:06:38", "end": "00:06:44", "text": "going to be, you know, done relative to"}, {"start": "00:06:41", "end": "00:06:47", "text": "AI in the next 18 months. Guess what?"}, {"start": "00:06:44", "end": "00:06:49", "text": "You do that, that's where you continue"}, {"start": "00:06:47", "end": "00:06:50", "text": "to go further and further down tonal"}, {"start": "00:06:49", "end": "00:06:54", "text": "pole when it comes to survey data"}, {"start": "00:06:50", "end": "00:06:55", "text": "because it comes down to the average US"}, {"start": "00:06:54", "end": "00:06:56", "text": "consumer."}, {"start": "00:06:55", "end": "00:06:58", "text": ">> What's in it for me?"}, {"start": "00:06:56", "end": "00:07:00", "text": ">> I'm going to lose my job. My electricity"}, {"start": "00:06:58", "end": "00:07:02", "text": "bill is going to be higher. Huge PR"}, {"start": "00:07:00", "end": "00:07:03", "text": "issues. And guess what? When you create"}, {"start": "00:07:02", "end": "00:07:05", "text": "that,"}, {"start": "00:07:03", "end": "00:07:06", "text": ">> you have a lot of issues in the beltway"}, {"start": "00:07:05", "end": "00:07:08", "text": "regulatory."}, {"start": "00:07:06", "end": "00:07:11", "text": "Then you got to get build the data"}, {"start": "00:07:08", "end": "00:07:13", "text": "centers locally has to get approved. You"}, {"start": "00:07:11", "end": "00:07:16", "text": "continue to do this. their hairs don't"}, {"start": "00:07:13", "end": "00:07:19", "text": "get built. So now you're not talking"}, {"start": "00:07:16", "end": "00:07:21", "text": "about like in our lifetime, you go back"}, {"start": "00:07:19", "end": "00:07:24", "text": "multiple lifetimes, like the only mean"}, {"start": "00:07:21", "end": "00:07:26", "text": "is polio, right? Can you cure cancer,"}, {"start": "00:07:24", "end": "00:07:28", "text": "dementia, Parkinson's with AI? That's"}, {"start": "00:07:26", "end": "00:07:30", "text": "obviously a huge positive. There's going"}, {"start": "00:07:28", "end": "00:07:32", "text": "to be more data centers, you know, that"}, {"start": "00:07:30", "end": "00:07:34", "text": "are built today than active data"}, {"start": "00:07:32", "end": "00:07:36", "text": "centers. The jobs, the ripple effect,"}, {"start": "00:07:34", "end": "00:07:39", "text": "the restaurants, so many towns"}, {"start": "00:07:36", "end": "00:07:44", "text": "throughout the US, but that's not being"}, {"start": "00:07:39", "end": "00:07:46", "text": "talked about. A lot of it is PR issues"}, {"start": "00:07:44", "end": "00:07:50", "text": "that you can and I've told some of these"}, {"start": "00:07:46", "end": "00:07:52", "text": "companies like that can never talk"}, {"start": "00:07:50", "end": "00:07:54", "text": "externally because that is a negative"}, {"start": "00:07:52", "end": "00:07:58", "text": "for the industry and I think that a lot"}, {"start": "00:07:54", "end": "00:08:00", "text": "of it is self-grade there's fear AI fear"}, {"start": "00:07:58", "end": "00:08:02", "text": "and that's why you saw like with the"}, {"start": "00:08:00", "end": "00:08:04", "text": "Schmidt like the commencement speech and"}, {"start": "00:08:02", "end": "00:08:06", "text": "the booing yeah of course if you're a co"}, {"start": "00:08:04", "end": "00:08:08", "text": "I speak in many colleges around the"}, {"start": "00:08:06", "end": "00:08:10", "text": "country I would tell people like there's"}, {"start": "00:08:08", "end": "00:08:13", "text": "going to be more jobs over the coming"}, {"start": "00:08:10", "end": "00:08:14", "text": "years created but right now it is a huge"}, {"start": "00:08:13", "end": "00:08:16", "text": "issue."}, {"start": "00:08:14", "end": "00:08:18", "text": ">> What's fascinating to me is I saw iron"}, {"start": "00:08:16", "end": "00:08:20", "text": "you know the data center provider and"}, {"start": "00:08:18", "end": "00:08:22", "text": "power generation company they just"}, {"start": "00:08:20", "end": "00:08:25", "text": "bought a marketing and uh kind of"}, {"start": "00:08:22", "end": "00:08:26", "text": "branding studio and I've got to imagine"}, {"start": "00:08:25", "end": "00:08:28", "text": "that is specifically because they"}, {"start": "00:08:26", "end": "00:08:30", "text": "realize that a huge part of the future"}, {"start": "00:08:28", "end": "00:08:31", "text": "success of their business is going to"}, {"start": "00:08:30", "end": "00:08:33", "text": "come down to how do they communicate to"}, {"start": "00:08:31", "end": "00:08:34", "text": "local communities or local uh"}, {"start": "00:08:33", "end": "00:08:35", "text": "politicians about what they're trying to"}, {"start": "00:08:34", "end": "00:08:38", "text": "do"}, {"start": "00:08:35", "end": "00:08:42", "text": ">> 100%. And then also it's like let's say"}, {"start": "00:08:38", "end": "00:08:44", "text": "Pop Industries. Okay, company all of a"}, {"start": "00:08:42", "end": "00:08:46", "text": "sudden like get everyone together in all"}, {"start": "00:08:44", "end": "00:08:50", "text": "hands meeting. We're we're we're going"}, {"start": "00:08:46", "end": "00:08:52", "text": "to launch Claude as a test trial run."}, {"start": "00:08:50", "end": "00:08:55", "text": "What does the average consumer or the"}, {"start": "00:08:52", "end": "00:08:56", "text": "average person at that company think?"}, {"start": "00:08:55", "end": "00:08:58", "text": "Does that mean my job's at risk? No."}, {"start": "00:08:56", "end": "00:09:01", "text": "See, that's part of the problem. You"}, {"start": "00:08:58", "end": "00:09:02", "text": "need companies be like efficiency,"}, {"start": "00:09:01", "end": "00:09:05", "text": "monetization, how we're going to be able"}, {"start": "00:09:02", "end": "00:09:07", "text": "to do it. That's a huge part of the"}, {"start": "00:09:05", "end": "00:09:10", "text": "issue that I hear not just but it's from"}, {"start": "00:09:07", "end": "00:09:12", "text": "investors as well and you need this to"}, {"start": "00:09:10", "end": "00:09:15", "text": "be something that's viewed as like it's"}, {"start": "00:09:12", "end": "00:09:18", "text": "an arms race US versus China and we said"}, {"start": "00:09:15", "end": "00:09:20", "text": "first time in 30 years US is ahead you"}, {"start": "00:09:18", "end": "00:09:22", "text": "know when it comes to tech versus China"}, {"start": "00:09:20", "end": "00:09:25", "text": "but they need they need to get their act"}, {"start": "00:09:22", "end": "00:09:27", "text": "together broader tech in terms of the"}, {"start": "00:09:25", "end": "00:09:30", "text": "communication ironically like when you"}, {"start": "00:09:27", "end": "00:09:32", "text": "look at like what's going on I think a"}, {"start": "00:09:30", "end": "00:09:35", "text": "lot of that"}, {"start": "00:09:32", "end": "00:09:38", "text": "78% of that is selfcreated and you"}, {"start": "00:09:35", "end": "00:09:42", "text": "create the narrative. You don't go on 60"}, {"start": "00:09:38", "end": "00:09:43", "text": "Minutes to, you know, you know, talk"}, {"start": "00:09:42", "end": "00:09:45", "text": "about a cartoon, right? Like the point"}, {"start": "00:09:43", "end": "00:09:46", "text": "is like when you go on there and you"}, {"start": "00:09:45", "end": "00:09:48", "text": "scare people like Daario did, that's"}, {"start": "00:09:46", "end": "00:09:49", "text": "that's part of the issue."}, {"start": "00:09:48", "end": "00:09:51", "text": ">> Yeah. It's so fascinating because one of"}, {"start": "00:09:49", "end": "00:09:52", "text": "the things that I'm very focused on is"}, {"start": "00:09:51", "end": "00:09:54", "text": "showing people how do you connect the"}, {"start": "00:09:52", "end": "00:09:56", "text": "adoption of artificial intelligence"}, {"start": "00:09:54", "end": "00:09:59", "text": "product to you making more money. And my"}, {"start": "00:09:56", "end": "00:10:00", "text": "whole theory has been if everyone is"}, {"start": "00:09:59", "end": "00:10:02", "text": "telling you you're going to lose your"}, {"start": "00:10:00", "end": "00:10:03", "text": "job, there's all these negative impact,"}, {"start": "00:10:02", "end": "00:10:06", "text": "then you have to look at AI as a tool."}, {"start": "00:10:03", "end": "00:10:07", "text": "And so it's it can hurt some people, but"}, {"start": "00:10:06", "end": "00:10:08", "text": "those who adopt it and use it correctly"}, {"start": "00:10:07", "end": "00:10:09", "text": "are actually going to be able to"}, {"start": "00:10:08", "end": "00:10:11", "text": "benefit. And so we were talking"}, {"start": "00:10:09", "end": "00:10:13", "text": "beforehand, you know, this product"}, {"start": "00:10:11", "end": "00:10:15", "text": "Sylvia that we built it. People go to"}, {"start": "00:10:13", "end": "00:10:17", "text": "cfosilia.com, they attach their"}, {"start": "00:10:15", "end": "00:10:19", "text": "portfolio, they start talking to an"}, {"start": "00:10:17", "end": "00:10:21", "text": "artificial intelligence model that is"}, {"start": "00:10:19", "end": "00:10:22", "text": "personalized to their portfolio. And we"}, {"start": "00:10:21", "end": "00:10:24", "text": "see in the data, the more they talk to"}, {"start": "00:10:22", "end": "00:10:27", "text": "it, the faster their net worth grows."}, {"start": "00:10:24", "end": "00:10:30", "text": "70% is and I was giving 70% of the use"}, {"start": "00:10:27", "end": "00:10:32", "text": "cases that we see on enterprise are"}, {"start": "00:10:30", "end": "00:10:35", "text": "monetization revenue enhance they're not"}, {"start": "00:10:32", "end": "00:10:37", "text": "cost cut the now look there's going to"}, {"start": "00:10:35", "end": "00:10:39", "text": "be a lot of companies they use it as"}, {"start": "00:10:37", "end": "00:10:40", "text": "kind of like to whitewash right be like"}, {"start": "00:10:39", "end": "00:10:42", "text": "we're going to"}, {"start": "00:10:40", "end": "00:10:44", "text": ">> do you believe the CEOs who are saying"}, {"start": "00:10:42", "end": "00:10:45", "text": "they're firing people because AI"}, {"start": "00:10:44", "end": "00:10:47", "text": ">> 20% of it"}, {"start": "00:10:45", "end": "00:10:49", "text": ">> 20% so 80% of the CEOs who say they're"}, {"start": "00:10:47", "end": "00:10:50", "text": "firing someone because of AI is actually"}, {"start": "00:10:49", "end": "00:10:51", "text": "just overhiring or mismanagement"}, {"start": "00:10:50", "end": "00:10:52", "text": "previously"}, {"start": "00:10:51", "end": "00:10:55", "text": ">> whatever it's like the point is like but"}, {"start": "00:10:52", "end": "00:10:56", "text": "guess what Like if eventually models"}, {"start": "00:10:55", "end": "00:10:57", "text": "become commoditized."}, {"start": "00:10:56", "end": "00:10:58", "text": ">> Mhm."}, {"start": "00:10:57", "end": "00:11:01", "text": ">> If company A has the same model as"}, {"start": "00:10:58", "end": "00:11:03", "text": "company B, C, D, what differentiates it?"}, {"start": "00:11:01", "end": "00:11:04", "text": "It's what goes up and down the elevator"}, {"start": "00:11:03", "end": "00:11:06", "text": "every day. It's the engineering town."}, {"start": "00:11:04", "end": "00:11:07", "text": "It's the product. So the point is like"}, {"start": "00:11:06", "end": "00:11:09", "text": "you're going to see a lot of companies"}, {"start": "00:11:07", "end": "00:11:11", "text": "that went way over. And we're not"}, {"start": "00:11:09", "end": "00:11:14", "text": "talking about big tech where these"}, {"start": "00:11:11", "end": "00:11:16", "text": "companies essentially hired cities"}, {"start": "00:11:14", "end": "00:11:18", "text": "over the course of the last four or five"}, {"start": "00:11:16", "end": "00:11:19", "text": "years. But that's why like you know me"}, {"start": "00:11:18", "end": "00:11:21", "text": "and you have talked you know for years"}, {"start": "00:11:19", "end": "00:11:24", "text": "about like you got to separate like"}, {"start": "00:11:21", "end": "00:11:26", "text": "reality versus you know fiction. The"}, {"start": "00:11:24", "end": "00:11:29", "text": "point is like this is something from a"}, {"start": "00:11:26", "end": "00:11:31", "text": "productivity perspective to monetization"}, {"start": "00:11:29", "end": "00:11:33", "text": "to the jobs ultimately that will be"}, {"start": "00:11:31", "end": "00:11:35", "text": "created from data centers from buildout"}, {"start": "00:11:33", "end": "00:11:37", "text": "from new companies. You could be a 23"}, {"start": "00:11:35", "end": "00:11:39", "text": "year old right now you don't need 20 30"}, {"start": "00:11:37", "end": "00:11:41", "text": "million of seed capital you got quad you"}, {"start": "00:11:39", "end": "00:11:43", "text": "have an engineer or two who knows what"}, {"start": "00:11:41", "end": "00:11:45", "text": "you could build. democratization that's"}, {"start": "00:11:43", "end": "00:11:47", "text": "happening across the board and for the"}, {"start": "00:11:45", "end": "00:11:49", "text": "first time in 30 years US is ahead of"}, {"start": "00:11:47", "end": "00:11:52", "text": "China when it comes to tech which is"}, {"start": "00:11:49", "end": "00:11:53", "text": "very very important in terms of what"}, {"start": "00:11:52", "end": "00:11:54", "text": "this all means"}, {"start": "00:11:53", "end": "00:11:56", "text": ">> you you said that twice that the United"}, {"start": "00:11:54", "end": "00:11:57", "text": "States is ahead of China now when it"}, {"start": "00:11:56", "end": "00:11:58", "text": "comes to artificial intelligence how do"}, {"start": "00:11:57", "end": "00:12:00", "text": "you measure that"}, {"start": "00:11:58", "end": "00:12:01", "text": ">> I mean a lot of it comes down to what"}, {"start": "00:12:00", "end": "00:12:04", "text": "there's one chip in the world fueling"}, {"start": "00:12:01", "end": "00:12:07", "text": "the AI revolution it's godfather of AI"}, {"start": "00:12:04", "end": "00:12:08", "text": "genvidia a third rate Nvidia chip is a"}, {"start": "00:12:07", "end": "00:12:11", "text": "year and a half two years ahead of"}, {"start": "00:12:08", "end": "00:12:14", "text": "Huawei like an H200"}, {"start": "00:12:11", "end": "00:12:17", "text": "when you Think about anthropic, the"}, {"start": "00:12:14", "end": "00:12:20", "text": "hyperscalers, the software, palenteer"}, {"start": "00:12:17", "end": "00:12:22", "text": "among you look when you go to China,"}, {"start": "00:12:20", "end": "00:12:23", "text": "robotics, they're leading."}, {"start": "00:12:22", "end": "00:12:26", "text": ">> Mhm."}, {"start": "00:12:23", "end": "00:12:27", "text": ">> Power because of nuclear, they're"}, {"start": "00:12:26", "end": "00:12:29", "text": "leading."}, {"start": "00:12:27", "end": "00:12:30", "text": "That's where it kind of stops. So you"}, {"start": "00:12:29", "end": "00:12:33", "text": "think that China is leading when it"}, {"start": "00:12:30", "end": "00:12:34", "text": "comes to the hardware and application of"}, {"start": "00:12:33", "end": "00:12:36", "text": "AI for robotics and then you think"}, {"start": "00:12:34", "end": "00:12:37", "text": "they're leading when it comes to power"}, {"start": "00:12:36", "end": "00:12:38", "text": "generation, but you think that the"}, {"start": "00:12:37", "end": "00:12:39", "text": "United States is winning in terms of the"}, {"start": "00:12:38", "end": "00:12:42", "text": "models and the software,"}, {"start": "00:12:39", "end": "00:12:44", "text": ">> the models, the software and the chips."}, {"start": "00:12:42", "end": "00:12:46", "text": "That's also why like when Trump and she"}, {"start": "00:12:44", "end": "00:12:49", "text": "meet, they recognize I need you, you"}, {"start": "00:12:46", "end": "00:12:51", "text": "need me. Cuz guess what? Middle East,"}, {"start": "00:12:49", "end": "00:12:52", "text": "India, you know, obviously everyone's"}, {"start": "00:12:51", "end": "00:12:55", "text": "trying to think who's going to be the"}, {"start": "00:12:52", "end": "00:12:57", "text": "number three player. This is third"}, {"start": "00:12:55", "end": "00:13:00", "text": "inning, one out"}, {"start": "00:12:57", "end": "00:13:02", "text": ">> in a nine inning game. The point is like"}, {"start": "00:13:00", "end": "00:13:04", "text": "that's where we are relative to AI and"}, {"start": "00:13:02", "end": "00:13:07", "text": "it speaks to my overall like bull thesis"}, {"start": "00:13:04", "end": "00:13:09", "text": "and we've talked about it is that you're"}, {"start": "00:13:07", "end": "00:13:14", "text": "going to go through these whether it's"}, {"start": "00:13:09", "end": "00:13:15", "text": "liberation day Iran 10year wars coming"}, {"start": "00:13:14", "end": "00:13:18", "text": "in"}, {"start": "00:13:15", "end": "00:13:21", "text": ">> whatever but the reality is like we this"}, {"start": "00:13:18", "end": "00:13:23", "text": "is a multi-year bull market relative to"}, {"start": "00:13:21", "end": "00:13:26", "text": "what's happening in tax but also it's"}, {"start": "00:13:23", "end": "00:13:29", "text": "the derivatives cuz that will go across"}, {"start": "00:13:26", "end": "00:13:30", "text": "financials healthcare utility companies"}, {"start": "00:13:29", "end": "00:13:32", "text": "like what they're trading at this"}, {"start": "00:13:30", "end": "00:13:33", "text": "because now all of a sudden it's not"}, {"start": "00:13:32", "end": "00:13:35", "text": "necessarily a utility company. It's a"}, {"start": "00:13:33", "end": "00:13:37", "text": "derivative of AI multiple is going to"}, {"start": "00:13:35", "end": "00:13:39", "text": "increase across the board. Those"}, {"start": "00:13:37", "end": "00:13:42", "text": "companies that don't embrace it, dude."}, {"start": "00:13:39", "end": "00:13:44", "text": "Typewriters, they're epic. This computer"}, {"start": "00:13:42", "end": "00:13:46", "text": "thing is a joke. Dude, that was doing"}, {"start": "00:13:44", "end": "00:13:48", "text": "horses back before Mile T. Yo, this"}, {"start": "00:13:46", "end": "00:13:51", "text": "whole car thing is a joke. The point is"}, {"start": "00:13:48", "end": "00:13:52", "text": "like that will play itself out for those"}, {"start": "00:13:51", "end": "00:13:54", "text": "companies."}, {"start": "00:13:52", "end": "00:13:56", "text": ">> Today's episode is brought to you by"}, {"start": "00:13:54", "end": "00:13:58", "text": "Figure. We're living in a world of"}, {"start": "00:13:56", "end": "00:14:00", "text": "higher for longer rates, tighter credit,"}, {"start": "00:13:58", "end": "00:14:02", "text": "and fewer places to earn real yield."}, {"start": "00:14:00", "end": "00:14:03", "text": "That's why Figure is interesting. Figure"}, {"start": "00:14:02", "end": "00:14:05", "text": "is the largest non-bank heliloc lender"}, {"start": "00:14:03", "end": "00:14:07", "text": "in the United States with over $22"}, {"start": "00:14:05", "end": "00:14:09", "text": "billion unlocked for homeowners. They're"}, {"start": "00:14:07", "end": "00:14:11", "text": "now applying that same concept and"}, {"start": "00:14:09", "end": "00:14:14", "text": "innovation to cryptoback loans and"}, {"start": "00:14:11", "end": "00:14:16", "text": "realworld asset yield. If you're holding"}, {"start": "00:14:14", "end": "00:14:19", "text": "crypto, which many of you are, Figure"}, {"start": "00:14:16", "end": "00:14:23", "text": "let you borrow against it at 8.91%"}, {"start": "00:14:19", "end": "00:14:25", "text": "interest. That's 9.9% APR and it's got a"}, {"start": "00:14:23", "end": "00:14:26", "text": "50% loan to value. It gives you"}, {"start": "00:14:25", "end": "00:14:28", "text": "liquidity without selling, without"}, {"start": "00:14:26", "end": "00:14:30", "text": "triggering taxes, and without stepping"}, {"start": "00:14:28", "end": "00:14:33", "text": "out of the market. They use a"}, {"start": "00:14:30", "end": "00:14:35", "text": "decentralized MPC custody so assets stay"}, {"start": "00:14:33", "end": "00:14:36", "text": "in segregated wallets, protected from"}, {"start": "00:14:35", "end": "00:14:39", "text": "rug poles, and they've introduced"}, {"start": "00:14:36", "end": "00:14:41", "text": "liquidation protection to help manage"}, {"start": "00:14:39", "end": "00:14:43", "text": "downside volatility. And for investors"}, {"start": "00:14:41", "end": "00:14:46", "text": "looking for yield, Democratized Prime"}, {"start": "00:14:43", "end": "00:14:49", "text": "offers up to 9% APY paid hourly, backed"}, {"start": "00:14:46", "end": "00:14:52", "text": "by realworld private credit. Real cash"}, {"start": "00:14:49", "end": "00:14:54", "text": "flows, not speculative token emissions."}, {"start": "00:14:52", "end": "00:14:55", "text": "Figure building a new capital market on"}, {"start": "00:14:54", "end": "00:14:58", "text": "blockchain. Now you have access to the"}, {"start": "00:14:55", "end": "00:14:59", "text": "upside. Check them out using the link in"}, {"start": "00:14:58", "end": "00:15:02", "text": "the description or go to"}, {"start": "00:14:59", "end": "00:15:02", "text": "figurearkets.co/p."}, {"start": "00:15:03", "end": "00:15:06", "text": "Now, let's talk about robotics because I"}, {"start": "00:15:05", "end": "00:15:08", "text": "think what's very interesting is in the"}, {"start": "00:15:06", "end": "00:15:10", "text": "United States, we've seen the figure AI,"}, {"start": "00:15:08", "end": "00:15:12", "text": "the uh electronics, right? We we've seen"}, {"start": "00:15:10", "end": "00:15:14", "text": "some of these companies, obviously"}, {"start": "00:15:12", "end": "00:15:16", "text": "Tesla's got their humanoid robot. Um but"}, {"start": "00:15:14", "end": "00:15:18", "text": "also people kind of forget that there's"}, {"start": "00:15:16", "end": "00:15:21", "text": "an entire self-driving car revolution."}, {"start": "00:15:18", "end": "00:15:22", "text": "And I've seen a ton of companies whether"}, {"start": "00:15:21", "end": "00:15:24", "text": "they're building a net new car, whether"}, {"start": "00:15:22", "end": "00:15:26", "text": "they are trying to write software in an"}, {"start": "00:15:24", "end": "00:15:27", "text": "asset light model and then get it into"}, {"start": "00:15:26", "end": "00:15:29", "text": "the production of other people"}, {"start": "00:15:27", "end": "00:15:31", "text": "manufacturing cars, trucks, and then I'm"}, {"start": "00:15:29", "end": "00:15:33", "text": "even seeing a lot of these like semiis"}, {"start": "00:15:31", "end": "00:15:35", "text": "and and kind of long haul trucking"}, {"start": "00:15:33", "end": "00:15:38", "text": "self-driving cars. Is that the first"}, {"start": "00:15:35", "end": "00:15:40", "text": "area where the average American is going"}, {"start": "00:15:38", "end": "00:15:41", "text": "to interact with like robotics is"}, {"start": "00:15:40", "end": "00:15:43", "text": "actually in self-driving cars?"}, {"start": "00:15:41", "end": "00:15:46", "text": ">> Yeah. So, and even take a step further"}, {"start": "00:15:43", "end": "00:15:49", "text": "back like the average consumer. Okay."}, {"start": "00:15:46", "end": "00:15:52", "text": "you've played around with Chow GBT"}, {"start": "00:15:49", "end": "00:15:54", "text": "anthropic different models but where it"}, {"start": "00:15:52", "end": "00:15:56", "text": "all will start like when Apple"}, {"start": "00:15:54", "end": "00:15:58", "text": "ultimately releases the Gemini in terms"}, {"start": "00:15:56", "end": "00:16:01", "text": "of the model that that will be on you"}, {"start": "00:15:58", "end": "00:16:03", "text": "know um at WWDC that'll be the start of"}, {"start": "00:16:01", "end": "00:16:05", "text": "what's going to happen like eventually"}, {"start": "00:16:03", "end": "00:16:07", "text": "miles will be on the phone"}, {"start": "00:16:05", "end": "00:16:10", "text": ">> storage applications are going to get"}, {"start": "00:16:07", "end": "00:16:14", "text": "built AI driven applications healthcare"}, {"start": "00:16:10", "end": "00:16:15", "text": "financials fitness across the board so"}, {"start": "00:16:14", "end": "00:16:17", "text": "that's where you're going to see more"}, {"start": "00:16:15", "end": "00:16:19", "text": "and more use from consumer perspective"}, {"start": "00:16:17", "end": "00:16:24", "text": "but when it comes to physical AI it's"}, {"start": "00:16:19", "end": "00:16:26", "text": "autonomous I mean that will be the first"}, {"start": "00:16:24", "end": "00:16:28", "text": "true interaction with a and there some"}, {"start": "00:16:26", "end": "00:16:30", "text": "obviously have done wayos and different"}, {"start": "00:16:28", "end": "00:16:33", "text": "cities but that's why Tesla and robo tax"}, {"start": "00:16:30", "end": "00:16:35", "text": "is so important but then also it comes"}, {"start": "00:16:33", "end": "00:16:39", "text": "down to like regulatory because"}, {"start": "00:16:35", "end": "00:16:41", "text": "regulatory right now it's state"}, {"start": "00:16:39", "end": "00:16:44", "text": ">> you need federal you need executive"}, {"start": "00:16:41", "end": "00:16:46", "text": "order from Trump to make this on the"}, {"start": "00:16:44", "end": "00:16:48", "text": "federal side and I think That's a that's"}, {"start": "00:16:46", "end": "00:16:49", "text": "a huge missing piece versus what we see"}, {"start": "00:16:48", "end": "00:16:50", "text": "in China."}, {"start": "00:16:49", "end": "00:16:52", "text": ">> One of the things people are excited"}, {"start": "00:16:50", "end": "00:16:53", "text": "about at the federal government level,"}, {"start": "00:16:52", "end": "00:16:54", "text": "but also there's a lot of critiques"}, {"start": "00:16:53", "end": "00:16:56", "text": "about are there are a lot of"}, {"start": "00:16:54", "end": "00:16:58", "text": "technologist and private sector"}, {"start": "00:16:56", "end": "00:16:59", "text": "individuals who have gone into the"}, {"start": "00:16:58", "end": "00:17:00", "text": "federal government. And so I think that"}, {"start": "00:16:59", "end": "00:17:01", "text": "the people who are excited about this"}, {"start": "00:17:00", "end": "00:17:03", "text": "would argue, hey, these people"}, {"start": "00:17:01", "end": "00:17:04", "text": "understand the technology. They"}, {"start": "00:17:03", "end": "00:17:06", "text": "understand kind of how important private"}, {"start": "00:17:04", "end": "00:17:08", "text": "industry is and they are trying to"}, {"start": "00:17:06", "end": "00:17:10", "text": "streamline, get rid of waste and"}, {"start": "00:17:08", "end": "00:17:12", "text": "accelerate a lot of the innovation"}, {"start": "00:17:10", "end": "00:17:13", "text": "industries. On the other hand, I think"}, {"start": "00:17:12", "end": "00:17:14", "text": "that the critiques are, hey, there's a"}, {"start": "00:17:13", "end": "00:17:16", "text": "bunch of people who are going in,"}, {"start": "00:17:14", "end": "00:17:17", "text": "they're investors in a lot of companies,"}, {"start": "00:17:16", "end": "00:17:18", "text": "they've got a lot of connections and"}, {"start": "00:17:17", "end": "00:17:20", "text": "friends, and there's all these, you"}, {"start": "00:17:18", "end": "00:17:23", "text": "know, kind of uh complexities of them"}, {"start": "00:17:20", "end": "00:17:25", "text": "being involved. Given that Trump now has"}, {"start": "00:17:23", "end": "00:17:27", "text": "just about two years left in office, is"}, {"start": "00:17:25", "end": "00:17:29", "text": "this a thing where if we have a pro-"}, {"start": "00:17:27", "end": "00:17:31", "text": "innovation, pro technology"}, {"start": "00:17:29", "end": "00:17:32", "text": "administration, they should accelerate"}, {"start": "00:17:31", "end": "00:17:33", "text": "and get as much of this done as they"}, {"start": "00:17:32", "end": "00:17:35", "text": "possibly can from a regulation"}, {"start": "00:17:33", "end": "00:17:37", "text": "standpoint because there's a worry that"}, {"start": "00:17:35", "end": "00:17:38", "text": "maybe the next administration won't be"}, {"start": "00:17:37", "end": "00:17:40", "text": "as friendly or do you think that this"}, {"start": "00:17:38", "end": "00:17:43", "text": "has now reached a point where it doesn't"}, {"start": "00:17:40", "end": "00:17:45", "text": "matter, you know, red or uh blue's in"}, {"start": "00:17:43", "end": "00:17:47", "text": "office, it's going to be people"}, {"start": "00:17:45", "end": "00:17:49", "text": "embracing technology. Look, I think"}, {"start": "00:17:47", "end": "00:17:52", "text": "people are going to embrace technology,"}, {"start": "00:17:49", "end": "00:17:54", "text": "but it is ve political,"}, {"start": "00:17:52", "end": "00:17:56", "text": ">> you know, sort of navigation is very"}, {"start": "00:17:54", "end": "00:17:58", "text": "important because"}, {"start": "00:17:56", "end": "00:18:01", "text": "it goes back to like you need a"}, {"start": "00:17:58", "end": "00:18:02", "text": "pro-inovation"}, {"start": "00:18:01", "end": "00:18:04", "text": "administration"}, {"start": "00:18:02", "end": "00:18:06", "text": ">> and that's why like when you see Jensen"}, {"start": "00:18:04", "end": "00:18:08", "text": "and Cook and Musk and obviously the"}, {"start": "00:18:06", "end": "00:18:09", "text": "other CEOs in the China trip, I view"}, {"start": "00:18:08", "end": "00:18:11", "text": "that as bullish. They understand"}, {"start": "00:18:09", "end": "00:18:15", "text": "technology as well best perch in the"}, {"start": "00:18:11", "end": "00:18:18", "text": "world. If you start to put, you know,"}, {"start": "00:18:15", "end": "00:18:20", "text": "sand in the gears and slow it down, look"}, {"start": "00:18:18", "end": "00:18:24", "text": "at Europe. They're building blockbuster"}, {"start": "00:18:20", "end": "00:18:26", "text": "videos there because of regulatory,"}, {"start": "00:18:24", "end": "00:18:28", "text": "because of, you know, just worry about"}, {"start": "00:18:26", "end": "00:18:30", "text": "data private. And I see the frustration"}, {"start": "00:18:28", "end": "00:18:33", "text": "firsthand in Europe because like if"}, {"start": "00:18:30", "end": "00:18:35", "text": "you're an innovator, entrepreneur"}, {"start": "00:18:33", "end": "00:18:38", "text": "a lot in Europe, it's like do you have"}, {"start": "00:18:35", "end": "00:18:38", "text": "to move to Middle East, US,"}, {"start": "00:18:38", "end": "00:18:41", "text": ">> Mhm."}, {"start": "00:18:38", "end": "00:18:46", "text": ">> you know, Asia. So it's very important."}, {"start": "00:18:41", "end": "00:18:49", "text": "it's foot on the pedal on AI. Guess"}, {"start": "00:18:46", "end": "00:18:51", "text": "what? Cuz look at China and you fall"}, {"start": "00:18:49", "end": "00:18:54", "text": "behind. But then a key part of that is"}, {"start": "00:18:51", "end": "00:18:56", "text": "data centers. That's why it all kind of"}, {"start": "00:18:54", "end": "00:18:58", "text": "goes what we start started to talk about"}, {"start": "00:18:56", "end": "00:19:02", "text": "is like when you go like anti-data"}, {"start": "00:18:58", "end": "00:19:04", "text": "center because of PR protest"}, {"start": "00:19:02", "end": "00:19:06", "text": "demonstrations. I love a I love data"}, {"start": "00:19:04", "end": "00:19:09", "text": "centers just not in my backyard."}, {"start": "00:19:06", "end": "00:19:12", "text": "That's a huge piece because guess what?"}, {"start": "00:19:09", "end": "00:19:14", "text": "the way this is all works it's data"}, {"start": "00:19:12", "end": "00:19:15", "text": "without data centers it's the hearts and"}, {"start": "00:19:14", "end": "00:19:18", "text": "lungs of AI"}, {"start": "00:19:15", "end": "00:19:21", "text": ">> so it just it all kind of factors into"}, {"start": "00:19:18", "end": "00:19:23", "text": "what's going on here it'll be a a big"}, {"start": "00:19:21", "end": "00:19:25", "text": "thing in terms of the midterms and of"}, {"start": "00:19:23", "end": "00:19:27", "text": "course you know when we go into like you"}, {"start": "00:19:25", "end": "00:19:30", "text": "know presidential election but this is"}, {"start": "00:19:27", "end": "00:19:33", "text": "like a key time because I just keep"}, {"start": "00:19:30", "end": "00:19:36", "text": "going back to like so much of my life"}, {"start": "00:19:33", "end": "00:19:39", "text": "spent time like in Asia you know you're"}, {"start": "00:19:36", "end": "00:19:42", "text": "in Taiwan you see the fabs you see the"}, {"start": "00:19:39", "end": "00:19:45", "text": "efficiency you see, you know, and then"}, {"start": "00:19:42", "end": "00:19:47", "text": "you come back here like I was like land"}, {"start": "00:19:45", "end": "00:19:49", "text": "in New York airport, go to Dunk and"}, {"start": "00:19:47", "end": "00:19:50", "text": "Donuts and there's like a fist fight at"}, {"start": "00:19:49", "end": "00:19:53", "text": "Dunk and Donuts and then you wonder why"}, {"start": "00:19:50", "end": "00:19:56", "text": "I was 17th in math. So the point is like"}, {"start": "00:19:53", "end": "00:19:59", "text": "now for the first time we're ahead. Now"}, {"start": "00:19:56", "end": "00:20:01", "text": "when we think about um so much of this"}, {"start": "00:19:59", "end": "00:20:02", "text": "industry accelerating that's great to"}, {"start": "00:20:01", "end": "00:20:04", "text": "talk about the fundamentals and the"}, {"start": "00:20:02", "end": "00:20:05", "text": "trends and the adoption, but people"}, {"start": "00:20:04", "end": "00:20:06", "text": "ultimately want to know how do I make"}, {"start": "00:20:05", "end": "00:20:09", "text": "money? And so if we go and we look in"}, {"start": "00:20:06", "end": "00:20:10", "text": "the public market, there seems to be um"}, {"start": "00:20:09", "end": "00:20:12", "text": "you know kind of the hyperscalers,"}, {"start": "00:20:10", "end": "00:20:14", "text": "there's some very large tech companies,"}, {"start": "00:20:12", "end": "00:20:15", "text": "but now most of the conversation is"}, {"start": "00:20:14", "end": "00:20:17", "text": "about going and finding which companies"}, {"start": "00:20:15", "end": "00:20:19", "text": "can be the release valve for various"}, {"start": "00:20:17", "end": "00:20:21", "text": "shortage pressure. So whether it's"}, {"start": "00:20:19", "end": "00:20:23", "text": "memories or chips or you know etc. Just"}, {"start": "00:20:21", "end": "00:20:25", "text": "walk through maybe when you look at the"}, {"start": "00:20:23", "end": "00:20:27", "text": "public market, how do you break down the"}, {"start": "00:20:25", "end": "00:20:29", "text": "different uh sectors or verticals of how"}, {"start": "00:20:27", "end": "00:20:31", "text": "someone can invest in the AI trade and"}, {"start": "00:20:29", "end": "00:20:32", "text": "then where are you more excited than"}, {"start": "00:20:31", "end": "00:20:34", "text": "maybe other areas?"}, {"start": "00:20:32", "end": "00:20:36", "text": ">> Yeah. And then on the other hand, look"}, {"start": "00:20:34", "end": "00:20:40", "text": "what's happened with software. So to me,"}, {"start": "00:20:36", "end": "00:20:42", "text": "it all starts with like chips"}, {"start": "00:20:40", "end": "00:20:44", "text": "at the epicenter. Of course, it's been"}, {"start": "00:20:42", "end": "00:20:45", "text": "Nvidia, but then you have to think, so"}, {"start": "00:20:44", "end": "00:20:49", "text": "I'm just like walking you through. It's"}, {"start": "00:20:45", "end": "00:20:51", "text": "like, okay, like Meta for every 10 chips"}, {"start": "00:20:49", "end": "00:20:53", "text": "they need, Nvidia is going to give them"}, {"start": "00:20:51", "end": "00:20:56", "text": "three because of supply. Where are they"}, {"start": "00:20:53", "end": "00:20:59", "text": "get the others? Is it Google? What about"}, {"start": "00:20:56", "end": "00:21:02", "text": "AMD? What about Intel? What about where"}, {"start": "00:20:59", "end": "00:21:04", "text": "Micron plays? Sandis the memory the"}, {"start": "00:21:02", "end": "00:21:06", "text": "components you have to think about it"}, {"start": "00:21:04", "end": "00:21:09", "text": "like it's all p it's all a puzzle"}, {"start": "00:21:06", "end": "00:21:12", "text": ">> and all the work we do is what is the"}, {"start": "00:21:09", "end": "00:21:14", "text": "man's pie look like in memory then it's"}, {"start": "00:21:12", "end": "00:21:17", "text": "a super cycle are there multiples that"}, {"start": "00:21:14", "end": "00:21:20", "text": "are high relative to historical yeah but"}, {"start": "00:21:17", "end": "00:21:22", "text": "street underestimates the growth okay in"}, {"start": "00:21:20", "end": "00:21:24", "text": "terms of what that's going to look like"}, {"start": "00:21:22", "end": "00:21:27", "text": "then you start to view whether it's like"}, {"start": "00:21:24", "end": "00:21:29", "text": "a GOV an iron like where who are the"}, {"start": "00:21:27", "end": "00:21:31", "text": "ultimate players that maybe investors"}, {"start": "00:21:29", "end": "00:21:33", "text": "aren't seeing"}, {"start": "00:21:31", "end": "00:21:36", "text": "But then there are trades when it comes"}, {"start": "00:21:33", "end": "00:21:38", "text": "to like the street gets wrong but"}, {"start": "00:21:36", "end": "00:21:40", "text": "they're opportunities. I'll just give"}, {"start": "00:21:38", "end": "00:21:43", "text": "you example like"}, {"start": "00:21:40", "end": "00:21:45", "text": "we're at RSA conference in March you"}, {"start": "00:21:43", "end": "00:21:50", "text": "know in San Francisco that's where like"}, {"start": "00:21:45", "end": "00:21:52", "text": "anthropic mythos comes out the view like"}, {"start": "00:21:50", "end": "00:21:55", "text": "anthrop is going to eat cyber security"}, {"start": "00:21:52", "end": "00:21:57", "text": "going to eat software but that that was"}, {"start": "00:21:55", "end": "00:22:01", "text": "a narrative that if you talk to"}, {"start": "00:21:57", "end": "00:22:03", "text": "customers you know it's wrong look at"}, {"start": "00:22:01", "end": "00:22:06", "text": "crowd strike stock today versus where it"}, {"start": "00:22:03", "end": "00:22:10", "text": "was in March look at powa it's a good"}, {"start": "00:22:06", "end": "00:22:12", "text": "example of like narratives create"}, {"start": "00:22:10", "end": "00:22:14", "text": "opportunities if you do the work."}, {"start": "00:22:12", "end": "00:22:17", "text": ">> You go back a year ago, New York City"}, {"start": "00:22:14", "end": "00:22:18", "text": "cab drivers bearish an alphabet. DOJ is"}, {"start": "00:22:17", "end": "00:22:21", "text": "going to break it up. AI is going to"}, {"start": "00:22:18", "end": "00:22:24", "text": "crush search. Gemini is nowhere. Now"}, {"start": "00:22:21", "end": "00:22:27", "text": "look, victory parties. I'm just trying"}, {"start": "00:22:24", "end": "00:22:31", "text": "to explain in this market,"}, {"start": "00:22:27", "end": "00:22:33", "text": "it it's a multi-year bull market. We're"}, {"start": "00:22:31", "end": "00:22:37", "text": "in year three of a 10-year buildout of"}, {"start": "00:22:33", "end": "00:22:40", "text": "AI. And it's very important to like try"}, {"start": "00:22:37", "end": "00:22:42", "text": "to pick who the winners are do the work"}, {"start": "00:22:40", "end": "00:22:44", "text": "because I think that's how you're able"}, {"start": "00:22:42", "end": "00:22:45", "text": "to ultimately make money in these"}, {"start": "00:22:44", "end": "00:22:46", "text": "markets."}, {"start": "00:22:45", "end": "00:22:48", "text": ">> What do you look at like a Bill Aman"}, {"start": "00:22:46", "end": "00:22:50", "text": "buying Microsoft and basically saying"}, {"start": "00:22:48", "end": "00:22:51", "text": "look we still think this is an amazing"}, {"start": "00:22:50", "end": "00:22:53", "text": "company that's just dislocated from"}, {"start": "00:22:51", "end": "00:22:54", "text": "price and value and therefore we're"}, {"start": "00:22:53", "end": "00:22:56", "text": "going to go and put a position on."}, {"start": "00:22:54", "end": "00:22:58", "text": "couldn't agree more because that's"}, {"start": "00:22:56", "end": "00:23:01", "text": "because then it comes down to like"}, {"start": "00:22:58", "end": "00:23:03", "text": "Microsoft basically every enterprise in"}, {"start": "00:23:01", "end": "00:23:07", "text": "the world runs on Microsoft as they move"}, {"start": "00:23:03", "end": "00:23:09", "text": "to AI as they move to Azure as I believe"}, {"start": "00:23:07", "end": "00:23:12", "text": "Nadella one of the best CEOs out there"}, {"start": "00:23:09", "end": "00:23:14", "text": "co-pilot has been under you know"}, {"start": "00:23:12", "end": "00:23:16", "text": "underwhelming yeah are they training"}, {"start": "00:23:14", "end": "00:23:19", "text": "wheels with open AI yeah is there a lot"}, {"start": "00:23:16", "end": "00:23:21", "text": "of noise yeah but I like we've talked"}, {"start": "00:23:19", "end": "00:23:24", "text": "about like stock closer to 400 I think"}, {"start": "00:23:21", "end": "00:23:27", "text": "it's worth closer to 550 to 600 and But"}, {"start": "00:23:24", "end": "00:23:30", "text": "that's a good example of like you have"}, {"start": "00:23:27", "end": "00:23:33", "text": "to be able to see around corners in this"}, {"start": "00:23:30", "end": "00:23:38", "text": "market. And then whether it's liberation"}, {"start": "00:23:33", "end": "00:23:41", "text": "day, I ran oil wars coming in 30 hitting"}, {"start": "00:23:38", "end": "00:23:44", "text": "a certain level, yen, what you have to"}, {"start": "00:23:41", "end": "00:23:46", "text": "be able sometimes to like I get the the"}, {"start": "00:23:44", "end": "00:23:49", "text": "worries there, but tune that out to"}, {"start": "00:23:46", "end": "00:23:50", "text": "understand where are the opportunities"}, {"start": "00:23:49", "end": "00:23:52", "text": "in front of you. One of the hardest"}, {"start": "00:23:50", "end": "00:23:54", "text": "parts I think about investing in these,"}, {"start": "00:23:52", "end": "00:23:56", "text": "you know, accelerated bull markets is"}, {"start": "00:23:54", "end": "00:23:57", "text": "when you look at a certain stock, you"}, {"start": "00:23:56", "end": "00:23:58", "text": "may look at the last 6 months or 12"}, {"start": "00:23:57", "end": "00:24:00", "text": "months performance, be like, \"Wow, it's"}, {"start": "00:23:58", "end": "00:24:04", "text": "up a lot already.\" And so I'll give you"}, {"start": "00:24:00", "end": "00:24:06", "text": "some examples. Micron's up 67 800%. Uh"}, {"start": "00:24:04", "end": "00:24:08", "text": "company like Marll is up 100% in 6"}, {"start": "00:24:06", "end": "00:24:10", "text": "months. And so I hear people talking"}, {"start": "00:24:08", "end": "00:24:13", "text": "about I'm interested in this company. I"}, {"start": "00:24:10", "end": "00:24:15", "text": "think they solve part of the problem for"}, {"start": "00:24:13", "end": "00:24:16", "text": "XYZ, you know, part of the industry or a"}, {"start": "00:24:15", "end": "00:24:18", "text": "shortage. I'm just really nervous at"}, {"start": "00:24:16", "end": "00:24:20", "text": "buying in at 100% higher than it was six"}, {"start": "00:24:18", "end": "00:24:22", "text": "months ago. And then the fear is like"}, {"start": "00:24:20", "end": "00:24:25", "text": "it's a musical chairs. You don't have a"}, {"start": "00:24:22", "end": "00:24:27", "text": "chair. Everyone heads for the elevators."}, {"start": "00:24:25", "end": "00:24:30", "text": "You're waiting like you're that. So it's"}, {"start": "00:24:27", "end": "00:24:32", "text": "like that fear definitely is there. But"}, {"start": "00:24:30", "end": "00:24:34", "text": "then I give you like on the other side"}, {"start": "00:24:32", "end": "00:24:37", "text": "you have it on the whiteboard. You"}, {"start": "00:24:34", "end": "00:24:40", "text": "didn't own it. Stock gets hit."}, {"start": "00:24:37", "end": "00:24:43", "text": "Fall knife. Stock gets hit again. Ah"}, {"start": "00:24:40", "end": "00:24:47", "text": "it's done. Negative sentiment. Whatever."}, {"start": "00:24:43", "end": "00:24:51", "text": "It's very easy to miss the"}, {"start": "00:24:47", "end": "00:24:54", "text": ">> but go back to March in terms of like"}, {"start": "00:24:51", "end": "00:24:57", "text": "where did Nvidia go in Iran look I"}, {"start": "00:24:54", "end": "00:25:01", "text": "remember like being in Miami early March"}, {"start": "00:24:57", "end": "00:25:04", "text": "I'm speaking at a conference and"}, {"start": "00:25:01", "end": "00:25:07", "text": "you know sentiment so negative because"}, {"start": "00:25:04", "end": "00:25:09", "text": "like the Iran thing oils"}, {"start": "00:25:07", "end": "00:25:11", "text": "tra and I remember like people like"}, {"start": "00:25:09", "end": "00:25:13", "text": "taking pictures in South Beach like oh I"}, {"start": "00:25:11", "end": "00:25:16", "text": "can't believe people They don't realize"}, {"start": "00:25:13", "end": "00:25:18", "text": "the longer. I'm like, \"Yo, I've done"}, {"start": "00:25:16", "end": "00:25:20", "text": "this since like late night.\" You start"}, {"start": "00:25:18", "end": "00:25:23", "text": "to go down that path, you'll miss in"}, {"start": "00:25:20", "end": "00:25:25", "text": "every geopolitical, you'll miss every"}, {"start": "00:25:23", "end": "00:25:27", "text": "sort of opportunity."}, {"start": "00:25:25", "end": "00:25:29", "text": "And look at where their stock traded"}, {"start": "00:25:27", "end": "00:25:32", "text": "first week or two of March."}, {"start": "00:25:29", "end": "00:25:34", "text": ">> Mhm. And it's May. Again, we're not"}, {"start": "00:25:32", "end": "00:25:35", "text": "talking like 10 years ago."}, {"start": "00:25:34", "end": "00:25:37", "text": ">> One of the other things I find"}, {"start": "00:25:35", "end": "00:25:39", "text": "interesting um is how global this"}, {"start": "00:25:37", "end": "00:25:42", "text": "phenomenon is. And so, for example, we"}, {"start": "00:25:39", "end": "00:25:44", "text": "saw Round Hill go and launch the uh DRAM"}, {"start": "00:25:42", "end": "00:25:47", "text": "or the memory ETF. Uh they had $10"}, {"start": "00:25:44", "end": "00:25:48", "text": "billion get added in like two months. Um"}, {"start": "00:25:47", "end": "00:25:50", "text": "and a huge part of that was just they"}, {"start": "00:25:48", "end": "00:25:51", "text": "gave access to American investors to"}, {"start": "00:25:50", "end": "00:25:53", "text": "certain companies that they couldn't"}, {"start": "00:25:51", "end": "00:25:54", "text": "otherwise do. And so, uh how do does"}, {"start": "00:25:53", "end": "00:25:56", "text": "that play out? Do we just get"}, {"start": "00:25:54", "end": "00:25:58", "text": "consolidation where you're going to see"}, {"start": "00:25:56", "end": "00:26:00", "text": "more and more ADRs or ETFs with swaps"}, {"start": "00:25:58", "end": "00:26:01", "text": "and things where American investors are"}, {"start": "00:26:00", "end": "00:26:03", "text": "going to be able to really invest"}, {"start": "00:26:01", "end": "00:26:06", "text": "globally, but it's going to be through"}, {"start": "00:26:03", "end": "00:26:08", "text": "American vehicles? Look, you it's a"}, {"start": "00:26:06", "end": "00:26:12", "text": "democratization of investing,"}, {"start": "00:26:08", "end": "00:26:15", "text": "democratization of information flow."}, {"start": "00:26:12", "end": "00:26:16", "text": "People want access to how they could"}, {"start": "00:26:15", "end": "00:26:17", "text": "play certain themes."}, {"start": "00:26:16", "end": "00:26:19", "text": ">> Mhm."}, {"start": "00:26:17", "end": "00:26:20", "text": ">> And that's what that does, right? And"}, {"start": "00:26:19", "end": "00:26:22", "text": "obviously there's the active manage"}, {"start": "00:26:20", "end": "00:26:24", "text": "piece as well, you know, in terms of"}, {"start": "00:26:22", "end": "00:26:25", "text": "like, you know, depending on who it is,"}, {"start": "00:26:24", "end": "00:26:27", "text": "you know, where where they play that"}, {"start": "00:26:25", "end": "00:26:29", "text": "well. But I think we're going to see"}, {"start": "00:26:27", "end": "00:26:31", "text": "more and more of this, right? In terms"}, {"start": "00:26:29", "end": "00:26:33", "text": "of just like"}, {"start": "00:26:31", "end": "00:26:35", "text": "it's a globalization. And I just see it"}, {"start": "00:26:33", "end": "00:26:38", "text": "traveling the world like my"}, {"start": "00:26:35", "end": "00:26:40", "text": "conversations with people in Europe,"}, {"start": "00:26:38", "end": "00:26:43", "text": "Asia, Australia, Africa, whatever,"}, {"start": "00:26:40", "end": "00:26:45", "text": "Middle East are very similar a lot of"}, {"start": "00:26:43", "end": "00:26:46", "text": "times to like you know somewhere in"}, {"start": "00:26:45", "end": "00:26:48", "text": "Midtown Manhattan."}, {"start": "00:26:46", "end": "00:26:50", "text": ">> So that's the opportunity where"}, {"start": "00:26:48", "end": "00:26:51", "text": "investors want to play a lot of the"}, {"start": "00:26:50", "end": "00:26:53", "text": "global theme."}, {"start": "00:26:51", "end": "00:26:55", "text": ">> Mhm. Now, how do you think about the"}, {"start": "00:26:53", "end": "00:26:56", "text": "experienced investors take the Stanley"}, {"start": "00:26:55", "end": "00:26:58", "text": "Ducken Millers kind of the legends of"}, {"start": "00:26:56", "end": "00:27:00", "text": "Wall Street? They seem to be all over"}, {"start": "00:26:58", "end": "00:27:01", "text": "this trend rightfully so. Uh Paul Tudtor"}, {"start": "00:27:00", "end": "00:27:03", "text": "Jones was on CNBC recently saying, \"Hey,"}, {"start": "00:27:01", "end": "00:27:05", "text": "I bought a bunch more AI stocks.\" But"}, {"start": "00:27:03", "end": "00:27:07", "text": "then there are people like Leopold and"}, {"start": "00:27:05", "end": "00:27:09", "text": "others who frankly have no experience as"}, {"start": "00:27:07", "end": "00:27:11", "text": "investors, but they seem to be young,"}, {"start": "00:27:09", "end": "00:27:12", "text": "very in tune with what's happening. They"}, {"start": "00:27:11", "end": "00:27:14", "text": "have access to a lot of information from"}, {"start": "00:27:12", "end": "00:27:16", "text": "the private market that's informing"}, {"start": "00:27:14", "end": "00:27:17", "text": "their investment decisions. And so it"}, {"start": "00:27:16", "end": "00:27:20", "text": "doesn't feel like you can put anyone in"}, {"start": "00:27:17", "end": "00:27:21", "text": "a box where experience is a liability or"}, {"start": "00:27:20", "end": "00:27:22", "text": "an advantage."}, {"start": "00:27:21", "end": "00:27:25", "text": ">> But also like drunk Miller at one point"}, {"start": "00:27:22", "end": "00:27:28", "text": "was like in his 20s. Like Buffett at one"}, {"start": "00:27:25", "end": "00:27:29", "text": "point was in his to like you I don't"}, {"start": "00:27:28", "end": "00:27:31", "text": "think you could just look at things like"}, {"start": "00:27:29", "end": "00:27:33", "text": "this is good this is bad experience is"}, {"start": "00:27:31", "end": "00:27:37", "text": "good. I think a lot of it's based on"}, {"start": "00:27:33", "end": "00:27:40", "text": "like the individual. Look, experience I"}, {"start": "00:27:37", "end": "00:27:43", "text": "believe there's so much value with"}, {"start": "00:27:40", "end": "00:27:46", "text": "experience that I think investors"}, {"start": "00:27:43", "end": "00:27:47", "text": "poo poo sometimes. But then on the other"}, {"start": "00:27:46", "end": "00:27:50", "text": "hand, there's different ways of"}, {"start": "00:27:47", "end": "00:27:53", "text": "understanding this market where you can"}, {"start": "00:27:50", "end": "00:27:55", "text": "discount newer investors that have had"}, {"start": "00:27:53", "end": "00:27:58", "text": "huge track record because I could go"}, {"start": "00:27:55", "end": "00:28:01", "text": "back my whole career and investors being"}, {"start": "00:27:58", "end": "00:28:04", "text": "like, you know, who's this hedge fund or"}, {"start": "00:28:01", "end": "00:28:05", "text": "Tiger or whatever. Now I could like you"}, {"start": "00:28:04", "end": "00:28:08", "text": "could go back to like, you know, the"}, {"start": "00:28:05", "end": "00:28:12", "text": "legit whether it's Cohen or others and"}, {"start": "00:28:08", "end": "00:28:13", "text": "and what they did, but at one point they"}, {"start": "00:28:12", "end": "00:28:16", "text": "had to prove it. And I just think in a"}, {"start": "00:28:13", "end": "00:28:18", "text": "market like this, you have to digest all"}, {"start": "00:28:16", "end": "00:28:21", "text": "the information"}, {"start": "00:28:18", "end": "00:28:24", "text": "and it's ultimately it's ones that you"}, {"start": "00:28:21", "end": "00:28:26", "text": "think from an from a PM perspective or"}, {"start": "00:28:24", "end": "00:28:30", "text": "an investor perspective."}, {"start": "00:28:26", "end": "00:28:31", "text": "You take that into your process to help"}, {"start": "00:28:30", "end": "00:28:33", "text": "you,"}, {"start": "00:28:31", "end": "00:28:36", "text": "you know, pick ultimately the winners,"}, {"start": "00:28:33", "end": "00:28:37", "text": "good or bad. So we know that the AI"}, {"start": "00:28:36", "end": "00:28:39", "text": "trade has been working. Investors are"}, {"start": "00:28:37", "end": "00:28:40", "text": "very excited about it. um the rest of"}, {"start": "00:28:39", "end": "00:28:42", "text": "software has been struggling a little"}, {"start": "00:28:40", "end": "00:28:44", "text": "bit and I think that the broader market"}, {"start": "00:28:42", "end": "00:28:46", "text": "generally has been lagging um kind of"}, {"start": "00:28:44", "end": "00:28:49", "text": "the AI trade. Now, one of the concerns"}, {"start": "00:28:46", "end": "00:28:52", "text": "is as the Iran war continues and we see"}, {"start": "00:28:49", "end": "00:28:53", "text": "oil spike, energy prices go up, uh you"}, {"start": "00:28:52", "end": "00:28:55", "text": "get this kind of persistent inflation"}, {"start": "00:28:53", "end": "00:28:57", "text": "risk and we have a new Fed chairman"}, {"start": "00:28:55", "end": "00:28:59", "text": "that's coming in and now people are"}, {"start": "00:28:57", "end": "00:29:02", "text": "saying, hey, maybe 6 months ago we were"}, {"start": "00:28:59", "end": "00:29:04", "text": "all advocating for rate cuts and we"}, {"start": "00:29:02", "end": "00:29:06", "text": "really thought that kind of true QE was"}, {"start": "00:29:04", "end": "00:29:08", "text": "coming. Now there's more talk actually"}, {"start": "00:29:06", "end": "00:29:09", "text": "of rate hikes instead. And so how do you"}, {"start": "00:29:08", "end": "00:29:11", "text": "think of the relationship between"}, {"start": "00:29:09", "end": "00:29:12", "text": "monetary policy and maybe the AI trade"}, {"start": "00:29:11", "end": "00:29:14", "text": "and how investors should think about it?"}, {"start": "00:29:12", "end": "00:29:16", "text": ">> Yeah. And like if you look at the number"}, {"start": "00:29:14", "end": "00:29:18", "text": "and Tom Lee talks about like the first"}, {"start": "00:29:16", "end": "00:29:20", "text": "like 3 to 6 months when a new Fed chair"}, {"start": "00:29:18", "end": "00:29:23", "text": "comes in like stock markets down like"}, {"start": "00:29:20", "end": "00:29:25", "text": "the first 3 to 6 months x%. So it's like"}, {"start": "00:29:23", "end": "00:29:28", "text": "you know it tends to be like a"}, {"start": "00:29:25", "end": "00:29:30", "text": "readjustment for the market. Look, he's"}, {"start": "00:29:28", "end": "00:29:32", "text": "coming in at such a complex time because"}, {"start": "00:29:30", "end": "00:29:34", "text": "of where the 10year what we see happen"}, {"start": "00:29:32", "end": "00:29:37", "text": "in Japan, what you know, obviously what"}, {"start": "00:29:34", "end": "00:29:40", "text": "we see in terms of the UK and then"}, {"start": "00:29:37", "end": "00:29:42", "text": "because of oil and this sort of like you"}, {"start": "00:29:40", "end": "00:29:45", "text": "know impass relative to Iran and what"}, {"start": "00:29:42", "end": "00:29:49", "text": "we're what we're seeing here. I just"}, {"start": "00:29:45", "end": "00:29:53", "text": "think it's going to be a volatile period"}, {"start": "00:29:49", "end": "00:29:55", "text": "and we could have selloffs based on what"}, {"start": "00:29:53", "end": "00:29:57", "text": "War says getting used to him and his"}, {"start": "00:29:55", "end": "00:30:01", "text": "sort of wording and is there sort of"}, {"start": "00:29:57", "end": "00:30:04", "text": "tightening. But I do believe like this"}, {"start": "00:30:01", "end": "00:30:07", "text": "will be ultimately a temporary"}, {"start": "00:30:04", "end": "00:30:10", "text": "sit relative to oil and then he'll have"}, {"start": "00:30:07", "end": "00:30:12", "text": "more flexibility on the other side to"}, {"start": "00:30:10", "end": "00:30:15", "text": "cut. And I just think as a Trump"}, {"start": "00:30:12", "end": "00:30:17", "text": "appointee, I just cannot believe wars"}, {"start": "00:30:15", "end": "00:30:20", "text": "comes in as some hawk. That's sort of"}, {"start": "00:30:17", "end": "00:30:22", "text": "like my view. But look, but the market's"}, {"start": "00:30:20", "end": "00:30:24", "text": "going to adjust to it. But as the market"}, {"start": "00:30:22", "end": "00:30:27", "text": "adjusts, the geopolitical"}, {"start": "00:30:24", "end": "00:30:30", "text": "and Fed and other issues that happen"}, {"start": "00:30:27", "end": "00:30:33", "text": "from a macro perspective, you cannot"}, {"start": "00:30:30", "end": "00:30:35", "text": "lose sight of what's happening"}, {"start": "00:30:33", "end": "00:30:37", "text": ">> in terms of in terms of the tech trade."}, {"start": "00:30:35", "end": "00:30:39", "text": "Now, one of the other areas I find very"}, {"start": "00:30:37", "end": "00:30:41", "text": "fascinating is I look at artificial"}, {"start": "00:30:39", "end": "00:30:42", "text": "intelligence, Bitcoin, robotics, you"}, {"start": "00:30:41", "end": "00:30:44", "text": "know, all this stuff is just really the"}, {"start": "00:30:42", "end": "00:30:45", "text": "age of automation. We are essentially"}, {"start": "00:30:44", "end": "00:30:47", "text": "automating a bunch of parts of the"}, {"start": "00:30:45", "end": "00:30:50", "text": "economy. We're squeezing inefficiencies"}, {"start": "00:30:47", "end": "00:30:52", "text": "out and I feel like there's a group of"}, {"start": "00:30:50", "end": "00:30:53", "text": "companies that maybe I'll use figure"}, {"start": "00:30:52", "end": "00:30:54", "text": "technologies and I know it intimately"}, {"start": "00:30:53", "end": "00:30:56", "text": "because I was an investor from the"}, {"start": "00:30:54", "end": "00:30:58", "text": "private market, but they basically said,"}, {"start": "00:30:56", "end": "00:30:59", "text": "look, how do we automate a huge part of"}, {"start": "00:30:58", "end": "00:31:01", "text": "the heliloc market and then the"}, {"start": "00:30:59", "end": "00:31:04", "text": "secondary trading of these assets and"}, {"start": "00:31:01", "end": "00:31:06", "text": "the securization, etc. It feels like now"}, {"start": "00:31:04", "end": "00:31:08", "text": "Wall Street has woken up and whether"}, {"start": "00:31:06", "end": "00:31:10", "text": "they call it crypto or they call it you"}, {"start": "00:31:08", "end": "00:31:12", "text": "know AI or they call it automation."}, {"start": "00:31:10", "end": "00:31:15", "text": "There is this like software is going to"}, {"start": "00:31:12", "end": "00:31:17", "text": "eat finance game going on. And so how do"}, {"start": "00:31:15", "end": "00:31:19", "text": "you look at that bucket of companies"}, {"start": "00:31:17", "end": "00:31:20", "text": "which they may not actually fall in the"}, {"start": "00:31:19", "end": "00:31:23", "text": "pure AI trade and they may not fall in"}, {"start": "00:31:20", "end": "00:31:25", "text": "the pure like crypto trade either but"}, {"start": "00:31:23", "end": "00:31:28", "text": "there's a modernization that's happening"}, {"start": "00:31:25", "end": "00:31:31", "text": "right and I think like you see the world"}, {"start": "00:31:28", "end": "00:31:34", "text": "adjusting to these technologies and I"}, {"start": "00:31:31", "end": "00:31:36", "text": "think it's something where it's going to"}, {"start": "00:31:34", "end": "00:31:39", "text": "make companies just that much more"}, {"start": "00:31:36", "end": "00:31:42", "text": "efficient but also there's going to be"}, {"start": "00:31:39", "end": "00:31:43", "text": "software that comes in and it's wakeup"}, {"start": "00:31:42", "end": "00:31:45", "text": "calls for different companies that's"}, {"start": "00:31:43", "end": "00:31:48", "text": "going to create their own proprietary"}, {"start": "00:31:45", "end": "00:31:50", "text": "technology with their people and that's"}, {"start": "00:31:48", "end": "00:31:53", "text": "going to make them that much better. So"}, {"start": "00:31:50", "end": "00:31:59", "text": "I think it's an arms race that's playing"}, {"start": "00:31:53", "end": "00:32:00", "text": "going on between Numa's new AI tech"}, {"start": "00:31:59", "end": "00:32:03", "text": "versus traditional. I think that's been"}, {"start": "00:32:00", "end": "00:32:06", "text": "from I think if there's an best example"}, {"start": "00:32:03", "end": "00:32:10", "text": "would be SAS apocalypse software service"}, {"start": "00:32:06", "end": "00:32:14", "text": "now Salesforce Oracle workday where they"}, {"start": "00:32:10", "end": "00:32:16", "text": "sit I I do believe that a lot of that is"}, {"start": "00:32:14", "end": "00:32:18", "text": "disconnected relative to how it's going"}, {"start": "00:32:16", "end": "00:32:20", "text": "to ultimately play out but it's been a"}, {"start": "00:32:18", "end": "00:32:22", "text": "huge wakeup call for Benny offer sales"}, {"start": "00:32:20", "end": "00:32:25", "text": "force like what they're going to have to"}, {"start": "00:32:22", "end": "00:32:28", "text": "do but I think also the view that these"}, {"start": "00:32:25", "end": "00:32:30", "text": "models are broken or the new kid on the"}, {"start": "00:32:28", "end": "00:32:31", "text": "block is going"}, {"start": "00:32:30", "end": "00:32:33", "text": "change, you know, whether it's Wall"}, {"start": "00:32:31", "end": "00:32:36", "text": "Street or whether it's corporate"}, {"start": "00:32:33", "end": "00:32:37", "text": "America, those are also easier said than"}, {"start": "00:32:36", "end": "00:32:41", "text": "done. And I think it's just it's all"}, {"start": "00:32:37", "end": "00:32:43", "text": "part of like who are the winners and"}, {"start": "00:32:41", "end": "00:32:45", "text": "trying to discount what's baked into the"}, {"start": "00:32:43", "end": "00:32:47", "text": "stocks at the end of the day."}, {"start": "00:32:45", "end": "00:32:48", "text": ">> Now, as we see this all play out,"}, {"start": "00:32:47", "end": "00:32:49", "text": "another question that I think"}, {"start": "00:32:48", "end": "00:32:51", "text": "immediately people look at is something"}, {"start": "00:32:49", "end": "00:32:53", "text": "like Bitcoin. And we've seen Bitcoin"}, {"start": "00:32:51", "end": "00:32:54", "text": "actually operate, I think, a little bit"}, {"start": "00:32:53", "end": "00:32:56", "text": "differently than people thought it was"}, {"start": "00:32:54", "end": "00:32:58", "text": "going to. So, since the Iran war, it's"}, {"start": "00:32:56", "end": "00:33:01", "text": "up, not down. uh over the last 90 days"}, {"start": "00:32:58", "end": "00:33:03", "text": "or so it's up about 15%. It's up, you"}, {"start": "00:33:01", "end": "00:33:05", "text": "know, at more than gold and S&P over the"}, {"start": "00:33:03", "end": "00:33:06", "text": "last three years, but it's also"}, {"start": "00:33:05", "end": "00:33:08", "text": "struggled over the last year. And so"}, {"start": "00:33:06", "end": "00:33:10", "text": "kind of you can pick different time"}, {"start": "00:33:08", "end": "00:33:12", "text": "frames and you can twist the data to"}, {"start": "00:33:10", "end": "00:33:13", "text": "tell different stories."}, {"start": "00:33:12", "end": "00:33:15", "text": ">> One thing I think a lot of critics would"}, {"start": "00:33:13", "end": "00:33:17", "text": "argue is that there is a tension in"}, {"start": "00:33:15", "end": "00:33:20", "text": "capital that is being diverted from"}, {"start": "00:33:17", "end": "00:33:21", "text": "Bitcoin to the AI trade. And so how do"}, {"start": "00:33:20", "end": "00:33:23", "text": "you look at the relationship between"}, {"start": "00:33:21", "end": "00:33:25", "text": ">> that's a I was literally going to I"}, {"start": "00:33:23", "end": "00:33:29", "text": "think that's you think what"}, {"start": "00:33:25", "end": "00:33:32", "text": ">> exactly that like I think risk assets"}, {"start": "00:33:29", "end": "00:33:35", "text": "if you have a dollar do you put it in"}, {"start": "00:33:32", "end": "00:33:38", "text": "this bucket this bucket or this bucket"}, {"start": "00:33:35", "end": "00:33:40", "text": "and I think that"}, {"start": "00:33:38", "end": "00:33:42", "text": "is something that's playing out in the"}, {"start": "00:33:40", "end": "00:33:44", "text": "broader crypto market from an asset"}, {"start": "00:33:42", "end": "00:33:48", "text": "allocation perspective in terms of"}, {"start": "00:33:44", "end": "00:33:50", "text": "globally because when it comes to like"}, {"start": "00:33:48", "end": "00:33:54", "text": "the AI I trade and what's happened in"}, {"start": "00:33:50", "end": "00:33:57", "text": "TAC and the level of disruption it's"}, {"start": "00:33:54", "end": "00:34:00", "text": "we're talking like a once in like"}, {"start": "00:33:57", "end": "00:34:02", "text": "100year type of cycle."}, {"start": "00:34:00", "end": "00:34:04", "text": ">> Mhm. So I think investors whether it's"}, {"start": "00:34:02", "end": "00:34:06", "text": "FOMO whatever it's like okay do I want"}, {"start": "00:34:04", "end": "00:34:08", "text": "to"}, {"start": "00:34:06", "end": "00:34:10", "text": "invest here where maybe I can make"}, {"start": "00:34:08", "end": "00:34:12", "text": "whatever"}, {"start": "00:34:10", "end": "00:34:15", "text": "15 20% or you know whatever wherever you"}, {"start": "00:34:12", "end": "00:34:18", "text": "think that goes whereas here that's"}, {"start": "00:34:15", "end": "00:34:20", "text": "where some of the"}, {"start": "00:34:18", "end": "00:34:23", "text": "generational names but it's all"}, {"start": "00:34:20", "end": "00:34:24", "text": "relative. You could pick the wrong name"}, {"start": "00:34:23", "end": "00:34:26", "text": "here"}, {"start": "00:34:24", "end": "00:34:27", "text": ">> and then you're like I should have"}, {"start": "00:34:26", "end": "00:34:29", "text": "stayed in crypto."}, {"start": "00:34:27", "end": "00:34:31", "text": ">> Mhm. Today's episode is brought to you"}, {"start": "00:34:29", "end": "00:34:33", "text": "by Simple Mining. Bitcoin mining has a"}, {"start": "00:34:31", "end": "00:34:34", "text": "reputation for being complicated, risky,"}, {"start": "00:34:33", "end": "00:34:36", "text": "and hard to evaluate as a real"}, {"start": "00:34:34", "end": "00:34:39", "text": "investment. If you're considering mining"}, {"start": "00:34:36", "end": "00:34:41", "text": "in 2026, what actually matters isn't"}, {"start": "00:34:39", "end": "00:34:43", "text": "headline profitability. It's uptime,"}, {"start": "00:34:41", "end": "00:34:45", "text": "repairs, and whether the operation is"}, {"start": "00:34:43", "end": "00:34:46", "text": "run like a real business. That's why"}, {"start": "00:34:45", "end": "00:34:48", "text": "I've been using Simple Mining. They're"}, {"start": "00:34:46", "end": "00:34:50", "text": "based in Cedar Falls, Iowa, and they run"}, {"start": "00:34:48", "end": "00:34:53", "text": "a white glove hosting operation where"}, {"start": "00:34:50", "end": "00:34:55", "text": "you own your miners. You choose your own"}, {"start": "00:34:53", "end": "00:34:56", "text": "pool, and you have Bitcoin sent directly"}, {"start": "00:34:55", "end": "00:34:58", "text": "to your wallet. They were featured on"}, {"start": "00:34:56", "end": "00:35:01", "text": "the Inc. 5,000 list as the fastest"}, {"start": "00:34:58", "end": "00:35:03", "text": "growing company in Iowa with over 40,000"}, {"start": "00:35:01", "end": "00:35:05", "text": "machines under management. What stands"}, {"start": "00:35:03", "end": "00:35:07", "text": "out to me is execution. They have the"}, {"start": "00:35:05", "end": "00:35:09", "text": "number one rated ASIC repair center. And"}, {"start": "00:35:07", "end": "00:35:11", "text": "for the first 12 months, repairs are"}, {"start": "00:35:09", "end": "00:35:13", "text": "included. If mining margins get tight,"}, {"start": "00:35:11", "end": "00:35:14", "text": "you can pause with no penalties. And if"}, {"start": "00:35:13", "end": "00:35:16", "text": "you want to resize or upgrade your"}, {"start": "00:35:14", "end": "00:35:18", "text": "fleet, there's a marketplace to resell"}, {"start": "00:35:16", "end": "00:35:19", "text": "equipment instead of being stuck. To"}, {"start": "00:35:18", "end": "00:35:21", "text": "help people think it through whether"}, {"start": "00:35:19", "end": "00:35:23", "text": "mining actually makes sense right now,"}, {"start": "00:35:21", "end": "00:35:25", "text": "they put together a short resource"}, {"start": "00:35:23", "end": "00:35:26", "text": "called the 2026 Bitcoin mining"}, {"start": "00:35:25", "end": "00:35:28", "text": "blueprint. It walks through the five"}, {"start": "00:35:26", "end": "00:35:30", "text": "mistakes investors make when allocating"}, {"start": "00:35:28", "end": "00:35:32", "text": "to mining, and they also explain how to"}, {"start": "00:35:30", "end": "00:35:33", "text": "avoid them before deploying capital. If"}, {"start": "00:35:32", "end": "00:35:37", "text": "it sounds interesting to you, you can"}, {"start": "00:35:33", "end": "00:35:40", "text": "get it for free at simplemining.io/p."}, {"start": "00:35:37", "end": "00:35:42", "text": "That's simplemining.io/p."}, {"start": "00:35:40", "end": "00:35:45", "text": "Go check it out today and see if you"}, {"start": "00:35:42", "end": "00:35:46", "text": "should get into the mining game."}, {"start": "00:35:45", "end": "00:35:48", "text": "Today's episode is brought to you by"}, {"start": "00:35:46", "end": "00:35:50", "text": "Uphold. Are you someone who's tired of"}, {"start": "00:35:48", "end": "00:35:52", "text": "juggling multiple apps just to trade,"}, {"start": "00:35:50", "end": "00:35:54", "text": "earn, stake, or spend your crypto? Then"}, {"start": "00:35:52", "end": "00:35:57", "text": "listen up because Uphold does all of"}, {"start": "00:35:54", "end": "00:35:59", "text": "that in one single unified platform. You"}, {"start": "00:35:57", "end": "00:36:01", "text": "can access 300 plus crypto and fiat"}, {"start": "00:35:59", "end": "00:36:03", "text": "currencies with an interface that works"}, {"start": "00:36:01", "end": "00:36:05", "text": "for you whether you're a beginner or an"}, {"start": "00:36:03", "end": "00:36:08", "text": "expert. Uphold also features any to any"}, {"start": "00:36:05", "end": "00:36:10", "text": "swaps where you can swap crypto to fiat,"}, {"start": "00:36:08", "end": "00:36:12", "text": "fiat to metals, and tokens to tokens"}, {"start": "00:36:10", "end": "00:36:14", "text": "directly in the app. If you prefer"}, {"start": "00:36:12", "end": "00:36:16", "text": "self-custody, Uphold's vault gives you"}, {"start": "00:36:14", "end": "00:36:18", "text": "multi-stick security, key recovery,"}, {"start": "00:36:16", "end": "00:36:21", "text": "direct trading access, and peace of mind"}, {"start": "00:36:18", "end": "00:36:23", "text": "without giving up convenience. Uphold is"}, {"start": "00:36:21", "end": "00:36:25", "text": "also 100% reserved, meaning no"}, {"start": "00:36:23", "end": "00:36:27", "text": "fractional practices and proof of"}, {"start": "00:36:25", "end": "00:36:29", "text": "reserves are updated every 30 seconds,"}, {"start": "00:36:27", "end": "00:36:32", "text": "so you can verify your assets anytime."}, {"start": "00:36:29", "end": "00:36:34", "text": "For US users, you can even earn yield on"}, {"start": "00:36:32", "end": "00:36:36", "text": "dollars with the USD interest account."}, {"start": "00:36:34", "end": "00:36:38", "text": "No fees, no minimums, and funds are"}, {"start": "00:36:36", "end": "00:36:41", "text": "insured up to $2.5 million through the"}, {"start": "00:36:38", "end": "00:36:43", "text": "Atomic Cash Suite program. If you want"}, {"start": "00:36:41", "end": "00:36:46", "text": "one app for your entire digital asset"}, {"start": "00:36:43", "end": "00:36:50", "text": "life, check out Uphold today. Go to"}, {"start": "00:36:46", "end": "00:36:52", "text": "uphold.com to learn more. Uphold.com. go"}, {"start": "00:36:50", "end": "00:36:54", "text": "check them out today. Do you think that"}, {"start": "00:36:52", "end": "00:36:56", "text": "uh this is just mere momentum and so you"}, {"start": "00:36:54", "end": "00:36:58", "text": "know kind of crypto or or Bitcoin in"}, {"start": "00:36:56", "end": "00:37:01", "text": "particular had momentum in 2020 through"}, {"start": "00:36:58", "end": "00:37:03", "text": "2022 then people kind of rotated over to"}, {"start": "00:37:01", "end": "00:37:06", "text": "AI and it comes back. I think it's a"}, {"start": "00:37:03", "end": "00:37:08", "text": "pendulum. I think these things like look"}, {"start": "00:37:06", "end": "00:37:09", "text": "crypto is not going anywhere like it's"}, {"start": "00:37:08", "end": "00:37:13", "text": "going to continue to be I think among"}, {"start": "00:37:09", "end": "00:37:15", "text": "many like a part of their like portfolio"}, {"start": "00:37:13", "end": "00:37:17", "text": ">> but I think you're going to go in you go"}, {"start": "00:37:15", "end": "00:37:19", "text": "in pendulum shifts and I think as part"}, {"start": "00:37:17", "end": "00:37:21", "text": "of the pendulum shifts it's very easy to"}, {"start": "00:37:19", "end": "00:37:24", "text": "get caught up in those narratives I"}, {"start": "00:37:21", "end": "00:37:26", "text": "could say like a big pendulum shift for"}, {"start": "00:37:24", "end": "00:37:28", "text": "a while if you go back like in November"}, {"start": "00:37:26", "end": "00:37:30", "text": "is a tech trade done"}, {"start": "00:37:28", "end": "00:37:32", "text": ">> is there a rotation is it financials"}, {"start": "00:37:30", "end": "00:37:34", "text": "that are going to lead is it you know"}, {"start": "00:37:32", "end": "00:37:37", "text": "traditional industrial Look at like"}, {"start": "00:37:34", "end": "00:37:38", "text": "Walmart's multiple relative to Amazon."}, {"start": "00:37:37", "end": "00:37:41", "text": "I'm just saying like that's another"}, {"start": "00:37:38", "end": "00:37:41", "text": "example of like think about that"}, {"start": "00:37:41", "end": "00:37:42", "text": "narrative."}, {"start": "00:37:41", "end": "00:37:45", "text": ">> Mhm."}, {"start": "00:37:42", "end": "00:37:48", "text": ">> So I think it's also you cannot get so"}, {"start": "00:37:45", "end": "00:37:51", "text": "caught up in narratives. You have to be"}, {"start": "00:37:48", "end": "00:37:54", "text": "able to whether it's individually or for"}, {"start": "00:37:51", "end": "00:37:55", "text": "you know whoever is investing to figure"}, {"start": "00:37:54", "end": "00:37:57", "text": "out what's the one that makes most sense"}, {"start": "00:37:55", "end": "00:37:58", "text": "for them. You recently went on a couple"}, {"start": "00:37:57", "end": "00:37:59", "text": "of trips that I think are pretty"}, {"start": "00:37:58", "end": "00:38:01", "text": "interesting and maybe you can give us"}, {"start": "00:37:59", "end": "00:38:02", "text": "some like on the ground truth as to what"}, {"start": "00:38:01", "end": "00:38:04", "text": "you saw that maybe is different than the"}, {"start": "00:38:02", "end": "00:38:06", "text": "public narrative. Um you went to Asia"}, {"start": "00:38:04", "end": "00:38:07", "text": "and spent a couple of weeks there. Uh"}, {"start": "00:38:06", "end": "00:38:09", "text": "talk a little bit maybe about going to"}, {"start": "00:38:07", "end": "00:38:10", "text": "the fabs in Taiwan and what you learned"}, {"start": "00:38:09", "end": "00:38:12", "text": "on this entire trip."}, {"start": "00:38:10", "end": "00:38:15", "text": ">> I mean to me it's like that's how you're"}, {"start": "00:38:12", "end": "00:38:18", "text": "b that's how like we are so bullish in"}, {"start": "00:38:15", "end": "00:38:20", "text": "like memory and chips and you know this"}, {"start": "00:38:18", "end": "00:38:22", "text": "is before earning season but it's like"}, {"start": "00:38:20", "end": "00:38:24", "text": "it's why like a lot of times people be"}, {"start": "00:38:22", "end": "00:38:26", "text": "like oh you're so bull bullish no matter"}, {"start": "00:38:24", "end": "00:38:29", "text": "what. I'm like, \"No, dude.\" Like, cuz"}, {"start": "00:38:26", "end": "00:38:31", "text": "you're bearish sitting in your, you"}, {"start": "00:38:29", "end": "00:38:34", "text": "know, like on Metro North or in, you"}, {"start": "00:38:31", "end": "00:38:36", "text": "know, 35th floor in your New York City"}, {"start": "00:38:34", "end": "00:38:39", "text": "office building, but you're just bearish"}, {"start": "00:38:36", "end": "00:38:41", "text": "based on narratives, people in your"}, {"start": "00:38:39", "end": "00:38:44", "text": "circle and spreadsheets."}, {"start": "00:38:41", "end": "00:38:46", "text": ">> If I see the demand in Asia, that's what"}, {"start": "00:38:44", "end": "00:38:48", "text": "makes me bullish. Mhm."}, {"start": "00:38:46", "end": "00:38:49", "text": ">> Like when you say you see the demand"}, {"start": "00:38:48", "end": "00:38:51", "text": ">> because you see chip demand, you see"}, {"start": "00:38:49", "end": "00:38:53", "text": "what's happen in terms of production,"}, {"start": "00:38:51", "end": "00:38:55", "text": "you see the you see the supply, you see"}, {"start": "00:38:53", "end": "00:38:57", "text": "the component issues, you you have a"}, {"start": "00:38:55", "end": "00:39:00", "text": "better understand what's happening"}, {"start": "00:38:57", "end": "00:39:02", "text": "hardware from Nvidia to memory to chips"}, {"start": "00:39:00", "end": "00:39:04", "text": "to other components,"}, {"start": "00:39:02", "end": "00:39:07", "text": "then you're able to kind of like"}, {"start": "00:39:04", "end": "00:39:09", "text": "triangulate that with what you're seeing"}, {"start": "00:39:07", "end": "00:39:11", "text": "from companies, what they're spending on"}, {"start": "00:39:09", "end": "00:39:13", "text": "budget, whether it's cyber security,"}, {"start": "00:39:11", "end": "00:39:15", "text": "whether it's software, whether it's"}, {"start": "00:39:13", "end": "00:39:17", "text": "broader tech infrastructure."}, {"start": "00:39:15", "end": "00:39:19", "text": "That's why I think those trips are so"}, {"start": "00:39:17", "end": "00:39:21", "text": "important. Then even like you know been"}, {"start": "00:39:19", "end": "00:39:24", "text": "in Europe a few times and different"}, {"start": "00:39:21", "end": "00:39:26", "text": "trips and like I could tell you like"}, {"start": "00:39:24", "end": "00:39:28", "text": "just came back from Poland like the"}, {"start": "00:39:26", "end": "00:39:29", "text": "amount of spending around like defense"}, {"start": "00:39:28", "end": "00:39:32", "text": "spending a lot of it coming out of"}, {"start": "00:39:29", "end": "00:39:35", "text": "Ukraine but just like that you're seeing"}, {"start": "00:39:32", "end": "00:39:38", "text": "in Eastern Europe"}, {"start": "00:39:35", "end": "00:39:39", "text": "AI really just starting to get started."}, {"start": "00:39:38", "end": "00:39:42", "text": "who's going to be the European country"}, {"start": "00:39:39", "end": "00:39:44", "text": "that like pops out and is we I think"}, {"start": "00:39:42", "end": "00:39:47", "text": "Poland could actually be I mean you"}, {"start": "00:39:44", "end": "00:39:51", "text": "maybe even France but that continent is"}, {"start": "00:39:47", "end": "00:39:54", "text": "not just a zero in terms of opportunity"}, {"start": "00:39:51", "end": "00:39:57", "text": "at one point when they wake up and"}, {"start": "00:39:54", "end": "00:39:59", "text": "regulatory whatever pushes back there's"}, {"start": "00:39:57", "end": "00:40:00", "text": "going to be massive opportunities so I"}, {"start": "00:39:59", "end": "00:40:03", "text": "think investors trying to figure out"}, {"start": "00:40:00", "end": "00:40:04", "text": "like where the opportunities are"}, {"start": "00:40:03", "end": "00:40:06", "text": "specifically when it comes to either"}, {"start": "00:40:04", "end": "00:40:07", "text": "tech or defense tech"}, {"start": "00:40:06", "end": "00:40:09", "text": ">> what are the areas where you're"}, {"start": "00:40:07", "end": "00:40:10", "text": "concerned in the AI trade, maybe where"}, {"start": "00:40:09", "end": "00:40:12", "text": "you think investors are allocating"}, {"start": "00:40:10", "end": "00:40:15", "text": "capital and and they're uh maybe"}, {"start": "00:40:12", "end": "00:40:18", "text": "misplaced. My biggest concern goes back"}, {"start": "00:40:15", "end": "00:40:21", "text": "to how we started this is that tech"}, {"start": "00:40:18", "end": "00:40:23", "text": "companies it's about them tripping over"}, {"start": "00:40:21", "end": "00:40:27", "text": "their own shoelace"}, {"start": "00:40:23", "end": "00:40:29", "text": "having the hubris talking about job cuts"}, {"start": "00:40:27", "end": "00:40:31", "text": "like it's like not reading the room"}, {"start": "00:40:29", "end": "00:40:33", "text": "saying that their technology is going to"}, {"start": "00:40:31", "end": "00:40:36", "text": "you know is going to wipe out whether"}, {"start": "00:40:33", "end": "00:40:39", "text": "it's lawyers you know different areas"}, {"start": "00:40:36", "end": "00:40:42", "text": "and financials for young people that"}, {"start": "00:40:39", "end": "00:40:43", "text": "dude you do that you just shot yourself"}, {"start": "00:40:42", "end": "00:40:46", "text": "in the But but I think a lot of people"}, {"start": "00:40:43", "end": "00:40:48", "text": "hear you say this, right? And um I think"}, {"start": "00:40:46", "end": "00:40:49", "text": "I've got a unique view as to I've got a"}, {"start": "00:40:48", "end": "00:40:50", "text": "lot of friends who they know nothing"}, {"start": "00:40:49", "end": "00:40:52", "text": "about finance. They know nothing about"}, {"start": "00:40:50", "end": "00:40:55", "text": "technology. These people work as about"}, {"start": "00:40:52", "end": "00:40:56", "text": "as average American, you know, lifestyle"}, {"start": "00:40:55", "end": "00:40:57", "text": "as you could imagine. They're very"}, {"start": "00:40:56", "end": "00:41:00", "text": "happy, right? Sometimes I think I'm even"}, {"start": "00:40:57", "end": "00:41:02", "text": "jealous of how how happy they are. But"}, {"start": "00:41:00", "end": "00:41:04", "text": "they would say, \"Oh, Dan just doesn't"}, {"start": "00:41:02", "end": "00:41:06", "text": "want them to say what they actually"}, {"start": "00:41:04", "end": "00:41:08", "text": "think.\" On the other side, understanding"}, {"start": "00:41:06", "end": "00:41:10", "text": "what the data is showing us,"}, {"start": "00:41:08", "end": "00:41:12", "text": ">> that's what is that job growth is"}, {"start": "00:41:10", "end": "00:41:16", "text": "actually happening, etc. That's it's not"}, {"start": "00:41:12", "end": "00:41:18", "text": "what they think it's what talk about"}, {"start": "00:41:16", "end": "00:41:20", "text": "what AI is going to do to pharmaceutical"}, {"start": "00:41:18", "end": "00:41:23", "text": "in this country is more is brought into"}, {"start": "00:41:20", "end": "00:41:25", "text": "the US and the drug discovery that could"}, {"start": "00:41:23", "end": "00:41:28", "text": "happen with you know in when it comes to"}, {"start": "00:41:25", "end": "00:41:30", "text": "like pharma biotech and others talk"}, {"start": "00:41:28", "end": "00:41:32", "text": "about like how many towns I've been all"}, {"start": "00:41:30", "end": "00:41:35", "text": "around the United States for 30 years"}, {"start": "00:41:32", "end": "00:41:38", "text": "how many towns had 30,000 people now"}, {"start": "00:41:35", "end": "00:41:40", "text": "have 10,000 because the factory left and"}, {"start": "00:41:38", "end": "00:41:42", "text": "it went to Mexico Indonesia wherever and"}, {"start": "00:41:40", "end": "00:41:43", "text": "Now they have like education, drug"}, {"start": "00:41:42", "end": "00:41:48", "text": "issues, whatever in a lot of those"}, {"start": "00:41:43", "end": "00:41:50", "text": "towns, data centers, jobs, a ren a"}, {"start": "00:41:48", "end": "00:41:53", "text": "retraining of the workforce. It's a"}, {"start": "00:41:50", "end": "00:41:57", "text": "renaissance in this in this country. So"}, {"start": "00:41:53", "end": "00:41:59", "text": "that's why it's very like it's very like"}, {"start": "00:41:57", "end": "00:42:00", "text": "it's it's almost more not even as a"}, {"start": "00:41:59", "end": "00:42:03", "text": "stock perspective, but just as an"}, {"start": "00:42:00", "end": "00:42:05", "text": "American, I see the opportunity."}, {"start": "00:42:03", "end": "00:42:08", "text": ">> Mhm. It's we're talking about like"}, {"start": "00:42:05", "end": "00:42:10", "text": "something that's generational that will"}, {"start": "00:42:08", "end": "00:42:11", "text": "I'm not talking about just like wealthy"}, {"start": "00:42:10", "end": "00:42:12", "text": "people making money on stocks. I'm"}, {"start": "00:42:11", "end": "00:42:15", "text": "talking like what this can do"}, {"start": "00:42:12", "end": "00:42:16", "text": "democratization data. So it's"}, {"start": "00:42:15", "end": "00:42:18", "text": "frustrating"}, {"start": "00:42:16", "end": "00:42:20", "text": "more than frustrating when I see these"}, {"start": "00:42:18", "end": "00:42:23", "text": "tech companies in these certain"}, {"start": "00:42:20", "end": "00:42:26", "text": "narratives about job cuts and guess what"}, {"start": "00:42:23", "end": "00:42:28", "text": "politics get involved regulatory. You"}, {"start": "00:42:26", "end": "00:42:31", "text": "know how many politicians I saw at"}, {"start": "00:42:28", "end": "00:42:34", "text": "Milin? A lot. Okay. And what do they"}, {"start": "00:42:31", "end": "00:42:35", "text": "focus on? Regulatory. this job grow."}, {"start": "00:42:34", "end": "00:42:36", "text": "They're not they're not just going to"}, {"start": "00:42:35", "end": "00:42:38", "text": "watch"}, {"start": "00:42:36", "end": "00:42:40", "text": ">> this take place. That's why it's"}, {"start": "00:42:38", "end": "00:42:42", "text": "important and then data centers have to"}, {"start": "00:42:40", "end": "00:42:44", "text": "get built. If they're not built in the"}, {"start": "00:42:42", "end": "00:42:45", "text": "towns and approved,"}, {"start": "00:42:44", "end": "00:42:46", "text": ">> that's the thing that worries me the"}, {"start": "00:42:45", "end": "00:42:47", "text": "most."}, {"start": "00:42:46", "end": "00:42:49", "text": ">> Is it fair to say that you think Daario"}, {"start": "00:42:47", "end": "00:42:50", "text": "is wrong when he says that all these"}, {"start": "00:42:49", "end": "00:42:53", "text": "jobs are going to get wiped out?"}, {"start": "00:42:50", "end": "00:42:57", "text": ">> 100%. explain because the reality is is"}, {"start": "00:42:53", "end": "00:42:59", "text": "that like the view and you know you"}, {"start": "00:42:57", "end": "00:43:01", "text": "could hear from like major banks to"}, {"start": "00:42:59", "end": "00:43:03", "text": "market to whatever what's going to"}, {"start": "00:43:01", "end": "00:43:05", "text": "separate companies the technology"}, {"start": "00:43:03", "end": "00:43:08", "text": "there's massive efficiencies"}, {"start": "00:43:05", "end": "00:43:09", "text": "but ultimately the models over time are"}, {"start": "00:43:08", "end": "00:43:12", "text": "going to get more commodized you're"}, {"start": "00:43:09", "end": "00:43:15", "text": "going to have hundreds of models LLMs"}, {"start": "00:43:12", "end": "00:43:19", "text": "that will be across US across the world"}, {"start": "00:43:15", "end": "00:43:21", "text": "as that data set gets commoditized what"}, {"start": "00:43:19", "end": "00:43:23", "text": "separates company A from B to P to D"}, {"start": "00:43:21", "end": "00:43:25", "text": "it's the people"}, {"start": "00:43:23", "end": "00:43:28", "text": ">> surprise it's engineering it's the mark"}, {"start": "00:43:25", "end": "00:43:30", "text": "so the thing is to have that like"}, {"start": "00:43:28", "end": "00:43:33", "text": "dystopian type view remember like what"}, {"start": "00:43:30", "end": "00:43:38", "text": "anthropics done is unbelievable"}, {"start": "00:43:33", "end": "00:43:40", "text": "but you start that type of fear"}, {"start": "00:43:38", "end": "00:43:42", "text": "then that's the thing then all of a"}, {"start": "00:43:40", "end": "00:43:44", "text": "sudden data centers don't get built you"}, {"start": "00:43:42", "end": "00:43:46", "text": "have politicians get more focused on"}, {"start": "00:43:44", "end": "00:43:49", "text": "regulation of models you start to go"}, {"start": "00:43:46", "end": "00:43:51", "text": "closer to Europe from a data privacy"}, {"start": "00:43:49", "end": "00:43:54", "text": "meanwhile China that point is like foot"}, {"start": "00:43:51", "end": "00:43:57", "text": "on the pedal going that's the thing that"}, {"start": "00:43:54", "end": "00:44:01", "text": "to me that I worry about the most is the"}, {"start": "00:43:57", "end": "00:44:05", "text": "self-created PR problem that a lot of"}, {"start": "00:44:01", "end": "00:44:07", "text": "big tech has done and you know I think"}, {"start": "00:44:05", "end": "00:44:08", "text": "that has to be course corrected"}, {"start": "00:44:07", "end": "00:44:10", "text": "otherwise like that would be the thing"}, {"start": "00:44:08", "end": "00:44:12", "text": "that I fear the most data centers don't"}, {"start": "00:44:10", "end": "00:44:15", "text": "get built"}, {"start": "00:44:12", "end": "00:44:19", "text": ">> then a lot of yeah we're we're in"}, {"start": "00:44:15", "end": "00:44:20", "text": "trouble so that to me is what I fear the"}, {"start": "00:44:19", "end": "00:44:22", "text": "most let's talk about Apple. I think"}, {"start": "00:44:20", "end": "00:44:23", "text": "Apple's one of those companies that"}, {"start": "00:44:22", "end": "00:44:25", "text": "people obviously respect as a big"}, {"start": "00:44:23", "end": "00:44:27", "text": "business that has been very successful."}, {"start": "00:44:25", "end": "00:44:28", "text": "Uh Tim Cook is stepping down, but I"}, {"start": "00:44:27", "end": "00:44:29", "text": "think a lot of people are looking at"}, {"start": "00:44:28", "end": "00:44:31", "text": "Apple saying, \"Hey, what's your AI"}, {"start": "00:44:29", "end": "00:44:32", "text": "strategy? Are you guys behind?\" How do"}, {"start": "00:44:31", "end": "00:44:35", "text": "you evaluate that business?"}, {"start": "00:44:32", "end": "00:44:37", "text": ">> Yeah, way behind. But I mean, 1.5"}, {"start": "00:44:35", "end": "00:44:40", "text": "billion iPhones, 2.5 billion iOS"}, {"start": "00:44:37", "end": "00:44:43", "text": "devices. You don't have to be first when"}, {"start": "00:44:40", "end": "00:44:47", "text": "you have that. You could be late to the"}, {"start": "00:44:43", "end": "00:44:50", "text": "game cuz they they're almost"}, {"start": "00:44:47", "end": "00:44:52", "text": "they're think about them like they're,"}, {"start": "00:44:50", "end": "00:44:55", "text": "you know, on the highway, the US"}, {"start": "00:44:52", "end": "00:44:57", "text": "consumer highway, the global highway."}, {"start": "00:44:55", "end": "00:44:59", "text": "They're basically a toll collector."}, {"start": "00:44:57", "end": "00:45:02", "text": "They're going to get their share. The"}, {"start": "00:44:59", "end": "00:45:04", "text": "way 20% of the world is going to access"}, {"start": "00:45:02", "end": "00:45:07", "text": "AI is through an Apple device. That's"}, {"start": "00:45:04", "end": "00:45:09", "text": "why WWDC in June is so important for"}, {"start": "00:45:07", "end": "00:45:12", "text": "them to launch that strategy with"}, {"start": "00:45:09", "end": "00:45:15", "text": "Gemini. start to actually now make sure"}, {"start": "00:45:12", "end": "00:45:17", "text": "that they're not watching this game from"}, {"start": "00:45:15", "end": "00:45:20", "text": "the outside. And I think it's very"}, {"start": "00:45:17", "end": "00:45:22", "text": "important to not get so caught up in"}, {"start": "00:45:20", "end": "00:45:25", "text": "narratives where these companies they're"}, {"start": "00:45:22", "end": "00:45:27", "text": "done. Google was done a year ago."}, {"start": "00:45:25", "end": "00:45:30", "text": ">> Look at them now. So I just think Apple"}, {"start": "00:45:27", "end": "00:45:32", "text": "is like a sleeping giant relative to"}, {"start": "00:45:30", "end": "00:45:34", "text": "where I believe they're going to be able"}, {"start": "00:45:32", "end": "00:45:37", "text": "to monetize in the consumer side. Cook"}, {"start": "00:45:34", "end": "00:45:39", "text": "it was obviously surprised at the time"}, {"start": "00:45:37", "end": "00:45:42", "text": "but when I look at turnis core Apple"}, {"start": "00:45:39", "end": "00:45:44", "text": "veteran an innovator someone that I"}, {"start": "00:45:42", "end": "00:45:47", "text": "think will also double down services. So"}, {"start": "00:45:44", "end": "00:45:49", "text": "it's a very important time for Apple but"}, {"start": "00:45:47", "end": "00:45:51", "text": "watch that stock. I continue to think"}, {"start": "00:45:49", "end": "00:45:53", "text": "that that's probably the one is large"}, {"start": "00:45:51", "end": "00:45:55", "text": "cap probably on large cap probably the"}, {"start": "00:45:53", "end": "00:45:58", "text": "one that's like the most mispriced along"}, {"start": "00:45:55", "end": "00:45:59", "text": "with maybe Microsoft not being factored"}, {"start": "00:45:58", "end": "00:46:01", "text": "in. And so I think the narrative for a"}, {"start": "00:45:59", "end": "00:46:03", "text": "while was like the big companies, they"}, {"start": "00:46:01", "end": "00:46:04", "text": "have distribution, they have data, they"}, {"start": "00:46:03", "end": "00:46:05", "text": "have, you know, very large teams,"}, {"start": "00:46:04", "end": "00:46:07", "text": "they're going to get the bulk of the"}, {"start": "00:46:05", "end": "00:46:07", "text": "benefit from AI. Do you still believe"}, {"start": "00:46:07", "end": "00:46:09", "text": "that?"}, {"start": "00:46:07", "end": "00:46:12", "text": ">> I still believe that. And I think that's"}, {"start": "00:46:09", "end": "00:46:14", "text": "why, but also those companies are"}, {"start": "00:46:12", "end": "00:46:17", "text": "shifting quickly. If you look like"}, {"start": "00:46:14", "end": "00:46:19", "text": "what's happened at Meta, you look what's"}, {"start": "00:46:17", "end": "00:46:22", "text": "happened in Amazon, I think they're also"}, {"start": "00:46:19", "end": "00:46:24", "text": "going to have to significantly like not"}, {"start": "00:46:22", "end": "00:46:25", "text": "just partner with the anthropic open AI,"}, {"start": "00:46:24", "end": "00:46:29", "text": "like they're essentially going to build"}, {"start": "00:46:25", "end": "00:46:31", "text": "their own vertical stacks. the power the"}, {"start": "00:46:29", "end": "00:46:34", "text": "D it goes back to the circular financing"}, {"start": "00:46:31", "end": "00:46:36", "text": "fears they got to plant their flags with"}, {"start": "00:46:34", "end": "00:46:38", "text": "those part they got to create their own"}, {"start": "00:46:36", "end": "00:46:42", "text": "ecosystem"}, {"start": "00:46:38", "end": "00:46:44", "text": ">> but it's democratization of data there's"}, {"start": "00:46:42", "end": "00:46:46", "text": "there will be companies that we have"}, {"start": "00:46:44", "end": "00:46:49", "text": "never heard of two years from now could"}, {"start": "00:46:46", "end": "00:46:52", "text": "they be the next anthropic I think that"}, {"start": "00:46:49", "end": "00:46:54", "text": "speaks to the opportunity now that we"}, {"start": "00:46:52", "end": "00:46:56", "text": "see in this world let's talk about the"}, {"start": "00:46:54", "end": "00:46:58", "text": "ETF that you have um talk a little bit"}, {"start": "00:46:56", "end": "00:46:59", "text": "about like the portfolio construction"}, {"start": "00:46:58", "end": "00:47:01", "text": "because I think a lot of people they're"}, {"start": "00:46:59", "end": "00:47:02", "text": "convinced of the AI trade and what"}, {"start": "00:47:01", "end": "00:47:04", "text": "they're trying to think about is should"}, {"start": "00:47:02", "end": "00:47:06", "text": "I have you know three to five stocks"}, {"start": "00:47:04", "end": "00:47:07", "text": "should I be diversified across the"}, {"start": "00:47:06", "end": "00:47:09", "text": "individual sectors how should I think"}, {"start": "00:47:07", "end": "00:47:12", "text": "about rotating my capital and some of"}, {"start": "00:47:09", "end": "00:47:14", "text": "them frankly I think just say well I"}, {"start": "00:47:12", "end": "00:47:15", "text": "don't know and so is there some sort of"}, {"start": "00:47:14", "end": "00:47:17", "text": "external party that I can go and I put"}, {"start": "00:47:15", "end": "00:47:17", "text": "my capital with so talk a little bit as"}, {"start": "00:47:17", "end": "00:47:19", "text": "to how you guys"}, {"start": "00:47:17", "end": "00:47:20", "text": ">> Yeah and that's all based on like our"}, {"start": "00:47:19", "end": "00:47:23", "text": "research you know it's managed"}, {"start": "00:47:20", "end": "00:47:26", "text": "separately from from the Wedbush side um"}, {"start": "00:47:23", "end": "00:47:28", "text": "but it's it's the Ives AI30 it's our"}, {"start": "00:47:26", "end": "00:47:31", "text": "research It's basically it's putting out"}, {"start": "00:47:28", "end": "00:47:35", "text": "and all of our clients that we started"}, {"start": "00:47:31", "end": "00:47:38", "text": "do a year ago who are the 30 names that"}, {"start": "00:47:35", "end": "00:47:43", "text": "are going to benefit in AI derivative"}, {"start": "00:47:38", "end": "00:47:45", "text": "from chips to software to infrastructure"}, {"start": "00:47:43", "end": "00:47:47", "text": "to cyber security software and that you"}, {"start": "00:47:45", "end": "00:47:49", "text": "know every quarter we switch that out"}, {"start": "00:47:47", "end": "00:47:52", "text": "relative to some of the names 30 that"}, {"start": "00:47:49", "end": "00:47:55", "text": "come in some come out based on all the"}, {"start": "00:47:52", "end": "00:47:59", "text": "the data and the research that we do and"}, {"start": "00:47:55", "end": "00:48:03", "text": "what I've liked about the the Ives AI30"}, {"start": "00:47:59", "end": "00:48:05", "text": "research as well as the Ives AI30 power"}, {"start": "00:48:03", "end": "00:48:08", "text": "um that that we've come out with. It's"}, {"start": "00:48:05", "end": "00:48:11", "text": "trying to just give a road map to our"}, {"start": "00:48:08", "end": "00:48:13", "text": "clients, our investors is it's not just"}, {"start": "00:48:11", "end": "00:48:15", "text": "about these one two names. It's about"}, {"start": "00:48:13", "end": "00:48:17", "text": "you have to be able to figure out who"}, {"start": "00:48:15", "end": "00:48:18", "text": "the second, third, fourth derivatives"}, {"start": "00:48:17", "end": "00:48:21", "text": "are."}, {"start": "00:48:18", "end": "00:48:23", "text": ">> Mhm. when you look at um so many of"}, {"start": "00:48:21", "end": "00:48:24", "text": "these investors are now taking control"}, {"start": "00:48:23", "end": "00:48:26", "text": "of their own capital and they're saying"}, {"start": "00:48:24", "end": "00:48:28", "text": "I'm not going to go to RAAS or to"}, {"start": "00:48:26", "end": "00:48:31", "text": "financial advisors I want to invest"}, {"start": "00:48:28", "end": "00:48:32", "text": "myself how do you see them using the AI"}, {"start": "00:48:31", "end": "00:48:34", "text": "tools to actually become better"}, {"start": "00:48:32", "end": "00:48:35", "text": "investors are there things you guys are"}, {"start": "00:48:34", "end": "00:48:37", "text": "doing internally on the research side"}, {"start": "00:48:35", "end": "00:48:38", "text": "are there things that you're seeing in"}, {"start": "00:48:37", "end": "00:48:39", "text": "conversations with people"}, {"start": "00:48:38", "end": "00:48:41", "text": ">> I mean I would just say like just"}, {"start": "00:48:39", "end": "00:48:44", "text": "obviously I've been in so many"}, {"start": "00:48:41", "end": "00:48:46", "text": "conferences ra I mean the value of raas"}, {"start": "00:48:44", "end": "00:48:48", "text": "are extremely important you know based"}, {"start": "00:48:46", "end": "00:48:50", "text": "for so many people and I also think Like"}, {"start": "00:48:48", "end": "00:48:53", "text": "there's so many people like everyone"}, {"start": "00:48:50", "end": "00:48:54", "text": "could look like a genius when stuff then"}, {"start": "00:48:53", "end": "00:48:57", "text": "all of a sudden like you know you hit"}, {"start": "00:48:54", "end": "00:49:00", "text": "choppiness that's also where you know"}, {"start": "00:48:57", "end": "00:49:01", "text": "like it's very it's a dangerous time"}, {"start": "00:49:00", "end": "00:49:04", "text": "too."}, {"start": "00:49:01", "end": "00:49:06", "text": "Look, I think there's there's a"}, {"start": "00:49:04", "end": "00:49:08", "text": "flattening of data. there's more"}, {"start": "00:49:06", "end": "00:49:10", "text": "information out there, but I think it"}, {"start": "00:49:08", "end": "00:49:12", "text": "comes down to like for investors, it's"}, {"start": "00:49:10", "end": "00:49:13", "text": "also making sure like diversified"}, {"start": "00:49:12", "end": "00:49:16", "text": "portfolio, making sure you understand"}, {"start": "00:49:13", "end": "00:49:18", "text": "risk because a lot of people like they"}, {"start": "00:49:16", "end": "00:49:20", "text": "think they this is where like when you"}, {"start": "00:49:18", "end": "00:49:23", "text": "go back to like the drunken miller and"}, {"start": "00:49:20", "end": "00:49:26", "text": "the Buffetts and the Paul Tudtor Jones"}, {"start": "00:49:23", "end": "00:49:28", "text": "and other they"}, {"start": "00:49:26", "end": "00:49:30", "text": "see"}, {"start": "00:49:28", "end": "00:49:32", "text": "there might be like names that they're"}, {"start": "00:49:30", "end": "00:49:34", "text": "bullish on that don't work but the thing"}, {"start": "00:49:32", "end": "00:49:36", "text": "with a lot of them that makes them so"}, {"start": "00:49:34", "end": "00:49:38", "text": "elite"}, {"start": "00:49:36", "end": "00:49:42", "text": "and Steve Cohen among others is that"}, {"start": "00:49:38", "end": "00:49:43", "text": "they understand risk. Risk is the key"}, {"start": "00:49:42", "end": "00:49:45", "text": "piece."}, {"start": "00:49:43", "end": "00:49:47", "text": ">> The thing and that's from an individual"}, {"start": "00:49:45", "end": "00:49:49", "text": "perspective. A lot of investors like I"}, {"start": "00:49:47", "end": "00:49:51", "text": "think they under calculate or"}, {"start": "00:49:49", "end": "00:49:53", "text": "miscalculate sometimes risk."}, {"start": "00:49:51", "end": "00:49:56", "text": ">> Mhm. And then what about like just the"}, {"start": "00:49:53", "end": "00:49:58", "text": "NASDAQ as a beta, you know, to the"}, {"start": "00:49:56", "end": "00:49:59", "text": "market, right? It it seems like uh if"}, {"start": "00:49:58", "end": "00:50:01", "text": "you go back for the last 10 years,"}, {"start": "00:49:59", "end": "00:50:03", "text": "that's been a pretty good bet. You"}, {"start": "00:50:01", "end": "00:50:04", "text": "should have just bought the index and"}, {"start": "00:50:03", "end": "00:50:06", "text": "maybe didn't even have to do any work."}, {"start": "00:50:04", "end": "00:50:08", "text": "Yeah. I mean, like, look, people do"}, {"start": "00:50:06", "end": "00:50:11", "text": "that, right? Um,"}, {"start": "00:50:08", "end": "00:50:13", "text": "but and and and I get it because it"}, {"start": "00:50:11", "end": "00:50:16", "text": "plays the broader view and I think it"}, {"start": "00:50:13", "end": "00:50:18", "text": "just depends on like what themes you"}, {"start": "00:50:16", "end": "00:50:22", "text": "want to play and how you want to do it."}, {"start": "00:50:18", "end": "00:50:24", "text": "And I think more and more younger people"}, {"start": "00:50:22", "end": "00:50:27", "text": "investing,"}, {"start": "00:50:24", "end": "00:50:29", "text": ">> more and more of the population is"}, {"start": "00:50:27", "end": "00:50:31", "text": "invested in terms of the market. And I"}, {"start": "00:50:29", "end": "00:50:34", "text": "think that's a it's a positive thing"}, {"start": "00:50:31", "end": "00:50:36", "text": "because also like you want to see wealth"}, {"start": "00:50:34", "end": "00:50:40", "text": "creation, you know, across the board."}, {"start": "00:50:36", "end": "00:50:43", "text": "That's to me what makes me happy when I"}, {"start": "00:50:40", "end": "00:50:45", "text": "see like, you know, like when you hear"}, {"start": "00:50:43", "end": "00:50:48", "text": "about investors that"}, {"start": "00:50:45", "end": "00:50:50", "text": ">> they could pay off their college loans"}, {"start": "00:50:48", "end": "00:50:52", "text": "or they pay off their house or whatever"}, {"start": "00:50:50", "end": "00:50:54", "text": "it is by being on the right side of it."}, {"start": "00:50:52", "end": "00:50:56", "text": "I think that's like"}, {"start": "00:50:54", "end": "00:50:57", "text": ">> those are the things that bring me joy"}, {"start": "00:50:56", "end": "00:50:58", "text": "when I hear about them."}, {"start": "00:50:57", "end": "00:51:00", "text": ">> Mhm. All right. All right. Where can we"}, {"start": "00:50:58", "end": "00:51:02", "text": "send people to find you on the internet?"}, {"start": "00:51:00", "end": "00:51:06", "text": ">> Yeah. So, uh, you know, I'm on X, um,"}, {"start": "00:51:02", "end": "00:51:08", "text": "Dives Tech, LinkedIn. You know, many"}, {"start": "00:51:06", "end": "00:51:11", "text": "know how to contact me. And look, we"}, {"start": "00:51:08", "end": "00:51:15", "text": "just try to just be like one like we do"}, {"start": "00:51:11", "end": "00:51:17", "text": "the work and we try to communicate that"}, {"start": "00:51:15", "end": "00:51:20", "text": "to our clients and investors because"}, {"start": "00:51:17", "end": "00:51:24", "text": "there's a lot of haters out there."}, {"start": "00:51:20", "end": "00:51:29", "text": "And it's very important in these sort of"}, {"start": "00:51:24", "end": "00:51:32", "text": "markets to just sometimes like have a a"}, {"start": "00:51:29", "end": "00:51:33", "text": "light in a dark tunnel sometimes and I"}, {"start": "00:51:32", "end": "00:51:35", "text": "think that's very important especially"}, {"start": "00:51:33", "end": "00:51:38", "text": "in a market that's very confusing. Do"}, {"start": "00:51:35", "end": "00:51:42", "text": "you have a book suggestion for anybody?"}, {"start": "00:51:38", "end": "00:51:45", "text": ">> I mean look I'm more like I'm more of a"}, {"start": "00:51:42", "end": "00:51:46", "text": "historian when it comes to books. So I"}, {"start": "00:51:45", "end": "00:51:49", "text": "you know I read a lot about like you"}, {"start": "00:51:46", "end": "00:51:51", "text": "know American history and world history"}, {"start": "00:51:49", "end": "00:51:53", "text": "and and I the one thing I will say like"}, {"start": "00:51:51", "end": "00:51:56", "text": "a lot of times in books the investors"}, {"start": "00:51:53", "end": "00:51:57", "text": "like oh this is like a you know liars"}, {"start": "00:51:56", "end": "00:51:59", "text": "poker what you know the typical like"}, {"start": "00:51:57", "end": "00:52:02", "text": "wall I actually think a lot of times"}, {"start": "00:51:59", "end": "00:52:04", "text": "like understanding like history"}, {"start": "00:52:02", "end": "00:52:06", "text": ">> whether it's US history America it"}, {"start": "00:52:04", "end": "00:52:09", "text": "actually gives you good perspective when"}, {"start": "00:52:06", "end": "00:52:11", "text": "you even triangulate with the market in"}, {"start": "00:52:09", "end": "00:52:14", "text": "terms of just understanding like"}, {"start": "00:52:11", "end": "00:52:15", "text": "different generations and and ultimately"}, {"start": "00:52:14", "end": "00:52:17", "text": "what happened especially over the last"}, {"start": "00:52:15", "end": "00:52:19", "text": "you know 150 200 years."}, {"start": "00:52:17", "end": "00:52:19", "text": ">> Yeah, I like it. All right, thank you so"}, {"start": "00:52:19", "end": "00:52:20", "text": "much for doing this."}, {"start": "00:52:19", "end": "00:52:24", "text": ">> Thank you so much."}, {"start": "00:52:20", "end": "00:52:24", "text": ">> Awesome. Great."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "as you see and I'll add one more thing"}, {"start": "00:00:02", "end": "00:00:06", "text": "um as it pertains to kind of how"}, {"start": "00:00:04", "end": "00:00:08", "text": "important crypto is in the equation of"}, {"start": "00:00:06", "end": "00:00:10", "text": "this expansion of markets and in the"}, {"start": "00:00:08", "end": "00:00:12", "text": "inflation of dollars. You know,"}, {"start": "00:00:10", "end": "00:00:14", "text": "traditionally money flows from the"}, {"start": "00:00:12", "end": "00:00:17", "text": "printing press through the banks to the"}, {"start": "00:00:14", "end": "00:00:18", "text": "people. Well, what are the banks all"}, {"start": "00:00:17", "end": "00:00:21", "text": "doing right now? They're investing in"}, {"start": "00:00:18", "end": "00:00:24", "text": "this infrastructure. So crypto is going"}, {"start": "00:00:21", "end": "00:00:28", "text": "to be whether humans are using it or"}, {"start": "00:00:24", "end": "00:00:31", "text": "not, the most widely used exchange of"}, {"start": "00:00:28", "end": "00:00:34", "text": "value in the new age of 24/7 markets and"}, {"start": "00:00:31", "end": "00:00:35", "text": "kind of the tokenization of all assets."}, {"start": "00:00:34", "end": "00:00:37", "text": "What's going on guys? Today we got a"}, {"start": "00:00:35", "end": "00:00:39", "text": "great conversation with Andrew Parish"}, {"start": "00:00:37", "end": "00:00:40", "text": "and Tilman Holloway of Arch Public."}, {"start": "00:00:39", "end": "00:00:41", "text": "These guys simply get it. They"}, {"start": "00:00:40", "end": "00:00:43", "text": "understand what's happening in the macro"}, {"start": "00:00:41", "end": "00:00:45", "text": "environment. They see all of the"}, {"start": "00:00:43", "end": "00:00:47", "text": "debasement of the dollar. They believe"}, {"start": "00:00:45", "end": "00:00:48", "text": "that volatility is going to become much"}, {"start": "00:00:47", "end": "00:00:50", "text": "worse in the future. and they've built"}, {"start": "00:00:48", "end": "00:00:51", "text": "some software that's actually able to"}, {"start": "00:00:50", "end": "00:00:53", "text": "help people capitalize on the"}, {"start": "00:00:51", "end": "00:00:55", "text": "volatility. I always enjoy talking to"}, {"start": "00:00:53", "end": "00:00:56", "text": "them. They're downto-earth dudes who are"}, {"start": "00:00:55", "end": "00:00:57", "text": "intelligent and they're actually doing"}, {"start": "00:00:56", "end": "00:00:59", "text": "stuff in the market. They're getting"}, {"start": "00:00:57", "end": "00:01:01", "text": "feedback from real users and they"}, {"start": "00:00:59", "end": "00:01:03", "text": "understand what happens when you take"}, {"start": "00:01:01", "end": "00:01:05", "text": "ideas and it meets reality. Here's my"}, {"start": "00:01:03", "end": "00:01:06", "text": "latest conversation with the guys at"}, {"start": "00:01:05", "end": "00:01:08", "text": "Arch Public. Tomman, let's start with"}, {"start": "00:01:06", "end": "00:01:10", "text": "you. I think there's this huge"}, {"start": "00:01:08", "end": "00:01:11", "text": "controversy right now where lots of"}, {"start": "00:01:10", "end": "00:01:13", "text": "people are very upset at the US"}, {"start": "00:01:11", "end": "00:01:15", "text": "government for undisiplined spending."}, {"start": "00:01:13", "end": "00:01:16", "text": "There's a lot of waste going on. They"}, {"start": "00:01:15", "end": "00:01:18", "text": "look around the local communities and"}, {"start": "00:01:16", "end": "00:01:20", "text": "they feel like I'm getting taxed more"}, {"start": "00:01:18", "end": "00:01:22", "text": "but I'm getting less services and"}, {"start": "00:01:20", "end": "00:01:24", "text": "there's a general unhappiness. At the"}, {"start": "00:01:22", "end": "00:01:26", "text": "same time, there is this absolute need"}, {"start": "00:01:24", "end": "00:01:28", "text": "for more investment and more dollars in"}, {"start": "00:01:26", "end": "00:01:31", "text": "the system as we try to build out the"}, {"start": "00:01:28", "end": "00:01:33", "text": "infrastructure for this brand new era of"}, {"start": "00:01:31", "end": "00:01:34", "text": "AI. You've talked about that maybe"}, {"start": "00:01:33", "end": "00:01:36", "text": "there's some national security"}, {"start": "00:01:34", "end": "00:01:38", "text": "implications to this. Can you just walk"}, {"start": "00:01:36", "end": "00:01:40", "text": "us through kind of your analysis as to"}, {"start": "00:01:38", "end": "00:01:42", "text": "like where have we been, what's"}, {"start": "00:01:40", "end": "00:01:44", "text": "changing, and why is it so important to"}, {"start": "00:01:42", "end": "00:01:46", "text": "national security?"}, {"start": "00:01:44", "end": "00:01:49", "text": "Uh yeah, I think if you talk about"}, {"start": "00:01:46", "end": "00:01:52", "text": "infrastructure as a whole, uh it's"}, {"start": "00:01:49", "end": "00:01:54", "text": "always what drives economic growth, uh"}, {"start": "00:01:52", "end": "00:01:59", "text": "whether it be the federal highway system"}, {"start": "00:01:54", "end": "00:02:01", "text": "or the internet. Uh this new set of"}, {"start": "00:01:59", "end": "00:02:03", "text": "rails, this new global infrastructure,"}, {"start": "00:02:01", "end": "00:02:06", "text": "if you will, that allows everything to"}, {"start": "00:02:03", "end": "00:02:09", "text": "be tokenized and allows trading to"}, {"start": "00:02:06", "end": "00:02:11", "text": "happen 24/7 and how and allows for"}, {"start": "00:02:09", "end": "00:02:13", "text": "real-time settlement to take place. uh"}, {"start": "00:02:11", "end": "00:02:16", "text": "that's changing the way that markets"}, {"start": "00:02:13", "end": "00:02:18", "text": "work at a foundational level. And so"}, {"start": "00:02:16", "end": "00:02:20", "text": "what does that mean? It well it means"}, {"start": "00:02:18", "end": "00:02:22", "text": "that there's going to be more markets."}, {"start": "00:02:20", "end": "00:02:26", "text": "Um I think that recently they talked"}, {"start": "00:02:22", "end": "00:02:29", "text": "about even derivatives of stocks"}, {"start": "00:02:26", "end": "00:02:33", "text": "themselves don't have to come from the"}, {"start": "00:02:29", "end": "00:02:35", "text": "issuer. So you're talking about um"}, {"start": "00:02:33", "end": "00:02:36", "text": "essentially an infinite number of"}, {"start": "00:02:35", "end": "00:02:38", "text": "markets that can be created and they'll"}, {"start": "00:02:36", "end": "00:02:41", "text": "all be judged on the back of the trust"}, {"start": "00:02:38", "end": "00:02:44", "text": "of the issuer andor on the the the"}, {"start": "00:02:41", "end": "00:02:47", "text": "proven deposits or the reserves that are"}, {"start": "00:02:44", "end": "00:02:49", "text": "back the issuance. uh what we see in"}, {"start": "00:02:47", "end": "00:02:52", "text": "that is we see the expansion of markets"}, {"start": "00:02:49", "end": "00:02:54", "text": "and what what has to take place beyond"}, {"start": "00:02:52", "end": "00:02:57", "text": "that is that liquidity has to come into"}, {"start": "00:02:54", "end": "00:03:00", "text": "those markets for them to function and"}, {"start": "00:02:57", "end": "00:03:04", "text": "so the need to print money is going to"}, {"start": "00:03:00", "end": "00:03:06", "text": "be even more greater than we've ever"}, {"start": "00:03:04", "end": "00:03:08", "text": "seen. the expansion of the markets and"}, {"start": "00:03:06", "end": "00:03:11", "text": "what's going to take place in the next"}, {"start": "00:03:08", "end": "00:03:14", "text": "10 years and the participation that it's"}, {"start": "00:03:11", "end": "00:03:16", "text": "going to drive will will drive more"}, {"start": "00:03:14", "end": "00:03:19", "text": "demand for more dollars. Um, and so that"}, {"start": "00:03:16", "end": "00:03:22", "text": "gives the United States government a"}, {"start": "00:03:19", "end": "00:03:25", "text": "reason to print money uh without"}, {"start": "00:03:22", "end": "00:03:28", "text": "undermining the the foundational trust"}, {"start": "00:03:25", "end": "00:03:30", "text": "that that is behind the dollar. And it"}, {"start": "00:03:28", "end": "00:03:32", "text": "won't be, you know, being forced down"}, {"start": "00:03:30", "end": "00:03:34", "text": "the world's throat through just military"}, {"start": "00:03:32", "end": "00:03:36", "text": "might, but it'll be through the"}, {"start": "00:03:34", "end": "00:03:38", "text": "interconnectivity of markets and through"}, {"start": "00:03:36", "end": "00:03:40", "text": "global expansion and the participation"}, {"start": "00:03:38", "end": "00:03:43", "text": "therein."}, {"start": "00:03:40", "end": "00:03:45", "text": "That's the healthy way to uh grow into"}, {"start": "00:03:43", "end": "00:03:48", "text": "the inflation that uh essentially that"}, {"start": "00:03:45", "end": "00:03:50", "text": "we have as a country is to to innovate"}, {"start": "00:03:48", "end": "00:03:52", "text": "and to bring that innovation to the"}, {"start": "00:03:50", "end": "00:03:54", "text": "world stage and to bring more"}, {"start": "00:03:52", "end": "00:03:56", "text": "participants into that innovation so"}, {"start": "00:03:54", "end": "00:03:58", "text": "that the dollar is the the backbone of"}, {"start": "00:03:56", "end": "00:04:01", "text": "that innovation and then continues to be"}, {"start": "00:03:58", "end": "00:04:04", "text": "the dominant u place of exchange. And we"}, {"start": "00:04:01", "end": "00:04:06", "text": "we we already have such a head start and"}, {"start": "00:04:04", "end": "00:04:08", "text": "we already have the greatest minds from"}, {"start": "00:04:06", "end": "00:04:11", "text": "a technological perspective. And if you"}, {"start": "00:04:08", "end": "00:04:14", "text": "look at just the I was out in Arizona"}, {"start": "00:04:11", "end": "00:04:17", "text": "and I went and looked at a data center"}, {"start": "00:04:14", "end": "00:04:18", "text": "um that is a semiconductor chip"}, {"start": "00:04:17", "end": "00:04:21", "text": "manufacturing facility that's a"}, {"start": "00:04:18", "end": "00:04:23", "text": "Taiwanese company joint partnership"}, {"start": "00:04:21", "end": "00:04:25", "text": "built in the US. I don't want to"}, {"start": "00:04:23", "end": "00:04:27", "text": "misquote this but I think it's 29"}, {"start": "00:04:25", "end": "00:04:30", "text": "million square ft under roof has its own"}, {"start": "00:04:27", "end": "00:04:33", "text": "power treatment plant has its own"}, {"start": "00:04:30", "end": "00:04:36", "text": "electrical grid has its own electrical"}, {"start": "00:04:33", "end": "00:04:39", "text": "uh production plant. uh the most"}, {"start": "00:04:36", "end": "00:04:42", "text": "state-of-the-art facility that I've ever"}, {"start": "00:04:39", "end": "00:04:44", "text": "seen in my entire life. And you know, if"}, {"start": "00:04:42", "end": "00:04:46", "text": "you see it with your eyes, you go, \"A"}, {"start": "00:04:44", "end": "00:04:48", "text": "ha, that's part of the future.\" It's"}, {"start": "00:04:46", "end": "00:04:51", "text": "that evident to you at face value. And"}, {"start": "00:04:48", "end": "00:04:54", "text": "so you say, okay, well, if we are going"}, {"start": "00:04:51", "end": "00:04:56", "text": "to invest in the future, we're going to"}, {"start": "00:04:54", "end": "00:04:58", "text": "need to build things that up until this"}, {"start": "00:04:56", "end": "00:05:01", "text": "point have only been kind of conceived"}, {"start": "00:04:58", "end": "00:05:04", "text": "through sci-fi uh imagination like the"}, {"start": "00:05:01", "end": "00:05:07", "text": "Death Star, something of that magnitude."}, {"start": "00:05:04", "end": "00:05:09", "text": "You know, Elon Musk is is talking about"}, {"start": "00:05:07", "end": "00:05:12", "text": "those types of things. And in order to"}, {"start": "00:05:09", "end": "00:05:16", "text": "generate the type of power that's needed"}, {"start": "00:05:12", "end": "00:05:18", "text": "to to take the leadership of"}, {"start": "00:05:16", "end": "00:05:21", "text": "semiconductor chip manufacturing, all of"}, {"start": "00:05:18", "end": "00:05:24", "text": "the hardware that's needed to expand AI"}, {"start": "00:05:21", "end": "00:05:26", "text": "function functionality and capability,"}, {"start": "00:05:24", "end": "00:05:30", "text": "you just know how much how important"}, {"start": "00:05:26", "end": "00:05:32", "text": "energy and uh rare earth metals and the"}, {"start": "00:05:30", "end": "00:05:34", "text": "production of these um you know"}, {"start": "00:05:32", "end": "00:05:36", "text": "computers are to the you know to to the"}, {"start": "00:05:34", "end": "00:05:38", "text": "US but really to the entire world and"}, {"start": "00:05:36", "end": "00:05:39", "text": "the global markets. Now when you see"}, {"start": "00:05:38", "end": "00:05:41", "text": "that Andrew, you know, obviously this is"}, {"start": "00:05:39", "end": "00:05:43", "text": "a national security issue. Yes, there's"}, {"start": "00:05:41", "end": "00:05:45", "text": "going to be more dollars in the system."}, {"start": "00:05:43", "end": "00:05:47", "text": "I guess the question really just becomes"}, {"start": "00:05:45", "end": "00:05:49", "text": "like what is crypto's role there? Do you"}, {"start": "00:05:47", "end": "00:05:51", "text": "guys think of it as stable coins or"}, {"start": "00:05:49", "end": "00:05:52", "text": "ending up driving dollar dominance and"}, {"start": "00:05:51", "end": "00:05:54", "text": "that's really where a lot of the value"}, {"start": "00:05:52", "end": "00:05:56", "text": "gets created? Is it no Bitcoin is this"}, {"start": "00:05:54", "end": "00:05:58", "text": "asset that is going to actually convert"}, {"start": "00:05:56", "end": "00:06:01", "text": "dollars into digital gold and people are"}, {"start": "00:05:58", "end": "00:06:02", "text": "going to store their value to insulate"}, {"start": "00:06:01", "end": "00:06:04", "text": "themselves from dollar to basement? like"}, {"start": "00:06:02", "end": "00:06:07", "text": "how do you kind of think of the the"}, {"start": "00:06:04", "end": "00:06:08", "text": "impact to crypto based on what uh Tommy"}, {"start": "00:06:07", "end": "00:06:11", "text": "was just saying?"}, {"start": "00:06:08", "end": "00:06:12", "text": ">> Well, I think the impact to crypto is,"}, {"start": "00:06:11", "end": "00:06:15", "text": "you know, trying to do a really good job"}, {"start": "00:06:12", "end": "00:06:17", "text": "of following the leader and the leader"}, {"start": "00:06:15", "end": "00:06:19", "text": "is the likes of Black Rockck and Morgan"}, {"start": "00:06:17", "end": "00:06:22", "text": "Stanley. They can't stop talking about"}, {"start": "00:06:19", "end": "00:06:24", "text": "tokenization, took tokenization,"}, {"start": "00:06:22", "end": "00:06:27", "text": "tokenization. That that's all they're"}, {"start": "00:06:24", "end": "00:06:29", "text": "talking about. And what that means is"}, {"start": "00:06:27", "end": "00:06:31", "text": "they see liquidity, they see"}, {"start": "00:06:29", "end": "00:06:34", "text": "opportunity, they see increased revenue"}, {"start": "00:06:31", "end": "00:06:36", "text": "with 247 markets, and that can only"}, {"start": "00:06:34", "end": "00:06:40", "text": "happen based on tokenization. I kind of"}, {"start": "00:06:36", "end": "00:06:42", "text": "liken it to the the broadening and the"}, {"start": "00:06:40", "end": "00:06:45", "text": "depth of the markets that change. Now"}, {"start": "00:06:42", "end": "00:06:47", "text": "the end result was not ideal but the"}, {"start": "00:06:45", "end": "00:06:50", "text": "change in markets from let's call it"}, {"start": "00:06:47", "end": "00:06:54", "text": "2000 to 2020ish"}, {"start": "00:06:50", "end": "00:06:55", "text": "um where you had meaningful leverage uh"}, {"start": "00:06:54", "end": "00:06:58", "text": "come into the markets associated with"}, {"start": "00:06:55", "end": "00:07:01", "text": "debt meaningful leverage across almost"}, {"start": "00:06:58", "end": "00:07:03", "text": "nearly every asset class. Well that got"}, {"start": "00:07:01", "end": "00:07:06", "text": "wiped out in the great financial crisis."}, {"start": "00:07:03", "end": "00:07:08", "text": "But we've gotten to a point now where"}, {"start": "00:07:06", "end": "00:07:11", "text": "the the the entire pie needs to grow"}, {"start": "00:07:08", "end": "00:07:13", "text": "again. And uh whether good or bad,"}, {"start": "00:07:11", "end": "00:07:16", "text": "tokenization is going to meaningfully"}, {"start": "00:07:13", "end": "00:07:18", "text": "grow that pie. And you're going to now"}, {"start": "00:07:16", "end": "00:07:20", "text": "turn on the switch. So instead of"}, {"start": "00:07:18", "end": "00:07:21", "text": "markets being open for, let's call it 7"}, {"start": "00:07:20", "end": "00:07:24", "text": "hours a day, they're going to be open"}, {"start": "00:07:21", "end": "00:07:28", "text": "for 24 hours a day. So the pie has to"}, {"start": "00:07:24", "end": "00:07:30", "text": "grow. It has to get thicker, wider, the"}, {"start": "00:07:28", "end": "00:07:33", "text": "whole thing um for everyone to"}, {"start": "00:07:30", "end": "00:07:35", "text": "participate. And they're going to want"}, {"start": "00:07:33", "end": "00:07:37", "text": "everyone to participate. And so"}, {"start": "00:07:35", "end": "00:07:39", "text": "liquidity is going to be something that"}, {"start": "00:07:37", "end": "00:07:40", "text": "will be very very meaningful to watch."}, {"start": "00:07:39", "end": "00:07:43", "text": "Well, where does liquidity ultimately"}, {"start": "00:07:40", "end": "00:07:46", "text": "come from? It ultimately comes from the"}, {"start": "00:07:43", "end": "00:07:49", "text": "printing of money. So obviously crypto"}, {"start": "00:07:46", "end": "00:07:52", "text": "is going to be uniquely connected to"}, {"start": "00:07:49", "end": "00:07:54", "text": "tokenization uh cuz tokenizing of"}, {"start": "00:07:52", "end": "00:07:57", "text": "equities and any type of asset is"}, {"start": "00:07:54", "end": "00:07:59", "text": "inherently crypto. Correct."}, {"start": "00:07:57", "end": "00:08:01", "text": "And now when you guys take a look at"}, {"start": "00:07:59", "end": "00:08:03", "text": "this, the big thing around volatility"}, {"start": "00:08:01", "end": "00:08:05", "text": "being introduced into the system feels"}, {"start": "00:08:03", "end": "00:08:06", "text": "like the inevitable. And you see this"}, {"start": "00:08:05", "end": "00:08:09", "text": "today, right? If we go back, we had the"}, {"start": "00:08:06", "end": "00:08:11", "text": "tariff scare last year. Then we had the"}, {"start": "00:08:09", "end": "00:08:13", "text": "Iran war this year. Then we had"}, {"start": "00:08:11", "end": "00:08:14", "text": "inflation concerns. Then we even had,"}, {"start": "00:08:13", "end": "00:08:16", "text": "you know, people forget Maduro got"}, {"start": "00:08:14", "end": "00:08:18", "text": "captured earlier this year. That's like"}, {"start": "00:08:16", "end": "00:08:20", "text": "a afterthought. You know, we all have"}, {"start": "00:08:18", "end": "00:08:22", "text": "amnesia over that. There was the"}, {"start": "00:08:20", "end": "00:08:24", "text": "deepseek moment. There was the software"}, {"start": "00:08:22", "end": "00:08:25", "text": "selloff, the SAS apocalypse, right? I"}, {"start": "00:08:24", "end": "00:08:28", "text": "mean, all of that has happened in less"}, {"start": "00:08:25", "end": "00:08:29", "text": "than 18 months. We can name, you know,"}, {"start": "00:08:28", "end": "00:08:31", "text": "fear after fear after fear, and the"}, {"start": "00:08:29", "end": "00:08:32", "text": "market has been gyrating,"}, {"start": "00:08:31", "end": "00:08:36", "text": ">> but stocks are at all-time highs."}, {"start": "00:08:32", "end": "00:08:37", "text": "Bitcoin went from 125,000 down to 60"}, {"start": "00:08:36", "end": "00:08:39", "text": "back to 80. And it's just like all over"}, {"start": "00:08:37", "end": "00:08:41", "text": "the place. And so, how are you guys"}, {"start": "00:08:39", "end": "00:08:42", "text": "thinking about investors and users of"}, {"start": "00:08:41", "end": "00:08:44", "text": "your product navigating so much"}, {"start": "00:08:42", "end": "00:08:47", "text": "volatility?"}, {"start": "00:08:44", "end": "00:08:49", "text": "By the way, in in in inside of"}, {"start": "00:08:47", "end": "00:08:52", "text": "everything we just talked about, uh,"}, {"start": "00:08:49", "end": "00:08:54", "text": "broader markets hit all-time highs and"}, {"start": "00:08:52", "end": "00:08:58", "text": "money market accounts went to all-time"}, {"start": "00:08:54", "end": "00:09:00", "text": "highs. So, we're at like $8.5 trillion"}, {"start": "00:08:58", "end": "00:09:04", "text": "in cash sitting in money market accounts"}, {"start": "00:09:00", "end": "00:09:06", "text": "now and markets are at all-time highs."}, {"start": "00:09:04", "end": "00:09:08", "text": "That's completely unprecedented. So, if"}, {"start": "00:09:06", "end": "00:09:11", "text": "you think about that, if you've got all"}, {"start": "00:09:08", "end": "00:09:13", "text": "these potential, you know, meaningful"}, {"start": "00:09:11", "end": "00:09:15", "text": "things that could turn markets upside"}, {"start": "00:09:13", "end": "00:09:18", "text": "down, one, they didn't turn markets"}, {"start": "00:09:15", "end": "00:09:21", "text": "upside down, and two, somehow were more"}, {"start": "00:09:18", "end": "00:09:22", "text": "invested, markets are higher, and"}, {"start": "00:09:21", "end": "00:09:24", "text": "there's more cash on the sidelines."}, {"start": "00:09:22", "end": "00:09:26", "text": "That's extraordinary. That reality is"}, {"start": "00:09:24", "end": "00:09:28", "text": "extraordinary."}, {"start": "00:09:26", "end": "00:09:31", "text": ">> I think it's a product of the"}, {"start": "00:09:28", "end": "00:09:34", "text": "information age that we live in and how"}, {"start": "00:09:31", "end": "00:09:37", "text": "quickly information flows. And um you"}, {"start": "00:09:34", "end": "00:09:40", "text": "know humans are addicted to emotion. We"}, {"start": "00:09:37", "end": "00:09:44", "text": "love emotion. And you know that's why"}, {"start": "00:09:40", "end": "00:09:46", "text": "you know WWF or WWE is a thing even"}, {"start": "00:09:44", "end": "00:09:48", "text": "though we all know it's fake, right? It"}, {"start": "00:09:46", "end": "00:09:50", "text": "it drives emotion. That's why soap"}, {"start": "00:09:48", "end": "00:09:52", "text": "operas are a thing. That's why romantic"}, {"start": "00:09:50", "end": "00:09:56", "text": "novels. Emotion is a powerful thing and"}, {"start": "00:09:52", "end": "00:09:59", "text": "and humans like emotion. And so as long"}, {"start": "00:09:56", "end": "00:10:02", "text": "as emotion can be injected into markets,"}, {"start": "00:09:59", "end": "00:10:04", "text": "it will be uh and headlines do that. And"}, {"start": "00:10:02", "end": "00:10:07", "text": "then now the connectivity of those"}, {"start": "00:10:04", "end": "00:10:10", "text": "markets uh allow people to ride that"}, {"start": "00:10:07", "end": "00:10:12", "text": "emotion and that is volatility, right?"}, {"start": "00:10:10", "end": "00:10:13", "text": "And that's going to only expand because"}, {"start": "00:10:12", "end": "00:10:15", "text": "there's going to be more and more things"}, {"start": "00:10:13", "end": "00:10:18", "text": "tokenized and it's going to have thinner"}, {"start": "00:10:15", "end": "00:10:20", "text": "and thinner liquidity during the dry"}, {"start": "00:10:18", "end": "00:10:23", "text": "parts of trading and it's going to have"}, {"start": "00:10:20", "end": "00:10:25", "text": "more and more u volatility or and"}, {"start": "00:10:23", "end": "00:10:27", "text": "liquidity during the times where it"}, {"start": "00:10:25", "end": "00:10:30", "text": "pumps because there's going to be larger"}, {"start": "00:10:27", "end": "00:10:33", "text": "on-ramps and more access and more people"}, {"start": "00:10:30", "end": "00:10:36", "text": "involved. But it's going to have this uh"}, {"start": "00:10:33", "end": "00:10:38", "text": "feeling for the people who can't get it"}, {"start": "00:10:36", "end": "00:10:40", "text": "in front of it or time it correctly,"}, {"start": "00:10:38", "end": "00:10:43", "text": "this feeling of you can't ever win and"}, {"start": "00:10:40", "end": "00:10:45", "text": "you're kind of chasing your tail. And if"}, {"start": "00:10:43", "end": "00:10:47", "text": "you've been in the crypto space,"}, {"start": "00:10:45", "end": "00:10:50", "text": "especially in previous cycles during"}, {"start": "00:10:47", "end": "00:10:52", "text": "altcoin um kind of cycles, you you've"}, {"start": "00:10:50", "end": "00:10:55", "text": "felt that before where it's like there's"}, {"start": "00:10:52", "end": "00:10:58", "text": "a new project and it's going parabolic"}, {"start": "00:10:55", "end": "00:10:59", "text": "every day. But you're always late to the"}, {"start": "00:10:58", "end": "00:11:01", "text": "party and you're always wondering how"}, {"start": "00:10:59", "end": "00:11:05", "text": "did people know this happened? And you"}, {"start": "00:11:01", "end": "00:11:09", "text": "know this the the answer is to have if"}, {"start": "00:11:05", "end": "00:11:11", "text": "you believe in a sector like crypto, you"}, {"start": "00:11:09", "end": "00:11:12", "text": "should have exposure that's broad. You"}, {"start": "00:11:11", "end": "00:11:14", "text": "shouldn't pick one horse to win. you"}, {"start": "00:11:12", "end": "00:11:17", "text": "should bet on the whole race and you"}, {"start": "00:11:14", "end": "00:11:19", "text": "should put prudent amounts of allocation"}, {"start": "00:11:17", "end": "00:11:21", "text": "towards those projects across all front."}, {"start": "00:11:19", "end": "00:11:24", "text": "Well, I think the global markets are"}, {"start": "00:11:21", "end": "00:11:27", "text": "going to end up proving that, you know,"}, {"start": "00:11:24", "end": "00:11:29", "text": "mantra to be even more true and uh more"}, {"start": "00:11:27", "end": "00:11:32", "text": "important than ever. And I think"}, {"start": "00:11:29", "end": "00:11:34", "text": "management of those opportunities and"}, {"start": "00:11:32", "end": "00:11:35", "text": "management of the volatility that"}, {"start": "00:11:34", "end": "00:11:37", "text": "presents it itself because it's"}, {"start": "00:11:35", "end": "00:11:39", "text": "presenting itself across a broad array"}, {"start": "00:11:37", "end": "00:11:41", "text": "of markets, you're going to have to have"}, {"start": "00:11:39", "end": "00:11:44", "text": "automated tools. you're going to have to"}, {"start": "00:11:41", "end": "00:11:47", "text": "have automation sitting in that gap for"}, {"start": "00:11:44", "end": "00:11:49", "text": "you because you can't be available 24/7"}, {"start": "00:11:47", "end": "00:11:52", "text": "and you can't do the math as quickly as"}, {"start": "00:11:49", "end": "00:11:55", "text": "it's needed to be done to make good"}, {"start": "00:11:52", "end": "00:11:56", "text": "prudent decisions. Uh and so that is"}, {"start": "00:11:55", "end": "00:11:58", "text": "where you know Arch public has really"}, {"start": "00:11:56", "end": "00:12:01", "text": "thrived over the last 18 months in"}, {"start": "00:11:58", "end": "00:12:04", "text": "particular and you know got 25,000 plus"}, {"start": "00:12:01", "end": "00:12:06", "text": "customers using our software to do that"}, {"start": "00:12:04", "end": "00:12:09", "text": "to stand in the gap of them being"}, {"start": "00:12:06", "end": "00:12:12", "text": "available and the emotion that it drives"}, {"start": "00:12:09", "end": "00:12:15", "text": "into their life. Um to have their will"}, {"start": "00:12:12", "end": "00:12:17", "text": "be represented by by a piece of"}, {"start": "00:12:15", "end": "00:12:19", "text": "automation or or piece of software that"}, {"start": "00:12:17", "end": "00:12:21", "text": "they've coded themselves to represent"}, {"start": "00:12:19", "end": "00:12:24", "text": "exactly what they want to represent uh"}, {"start": "00:12:21", "end": "00:12:26", "text": "in those markets. And so as you see, and"}, {"start": "00:12:24", "end": "00:12:29", "text": "I'll add one more thing, um, as it"}, {"start": "00:12:26", "end": "00:12:31", "text": "pertains to kind of how important crypto"}, {"start": "00:12:29", "end": "00:12:33", "text": "is in the equation of this expansion of"}, {"start": "00:12:31", "end": "00:12:36", "text": "markets and in the inflation of dollars."}, {"start": "00:12:33", "end": "00:12:37", "text": "You know, traditionally, money flows"}, {"start": "00:12:36", "end": "00:12:40", "text": "from the printing press through the"}, {"start": "00:12:37", "end": "00:12:42", "text": "banks to the people. Well, what are the"}, {"start": "00:12:40", "end": "00:12:44", "text": "banks all doing right now? They're"}, {"start": "00:12:42", "end": "00:12:47", "text": "investing in this infrastructure. And so"}, {"start": "00:12:44", "end": "00:12:48", "text": "when when you see, you know, the"}, {"start": "00:12:47", "end": "00:12:50", "text": "tokenization of markets and the"}, {"start": "00:12:48", "end": "00:12:52", "text": "liquidity that needs to be placed in"}, {"start": "00:12:50", "end": "00:12:55", "text": "that, there's a perfect relationship."}, {"start": "00:12:52", "end": "00:12:57", "text": "We're not breaking precedents as to"}, {"start": "00:12:55", "end": "00:13:00", "text": "where the money will come from and where"}, {"start": "00:12:57", "end": "00:13:02", "text": "it will go. Um, and if you talk about a"}, {"start": "00:13:00", "end": "00:13:04", "text": "digital age where those markets are"}, {"start": "00:13:02", "end": "00:13:06", "text": "governed by AI and smart contracts and"}, {"start": "00:13:04", "end": "00:13:09", "text": "agents,"}, {"start": "00:13:06", "end": "00:13:11", "text": "they can't exchange, you know,"}, {"start": "00:13:09", "end": "00:13:14", "text": "compensation andor value in any form"}, {"start": "00:13:11", "end": "00:13:18", "text": "other than crypto. So crypto is going to"}, {"start": "00:13:14", "end": "00:13:21", "text": "be whether humans are using it or not"}, {"start": "00:13:18", "end": "00:13:24", "text": "the most widely used exchange of value"}, {"start": "00:13:21", "end": "00:13:26", "text": "in the new age of 247 markets and kind"}, {"start": "00:13:24", "end": "00:13:29", "text": "of the tokenization of all assets."}, {"start": "00:13:26", "end": "00:13:32", "text": ">> Now we've seen in other areas where um I"}, {"start": "00:13:29", "end": "00:13:34", "text": "see companies reporting that their um"}, {"start": "00:13:32", "end": "00:13:36", "text": "documentation is being read more by"}, {"start": "00:13:34", "end": "00:13:37", "text": "agents than humans. I've seen charts"}, {"start": "00:13:36", "end": "00:13:40", "text": "that show that the amount of content"}, {"start": "00:13:37", "end": "00:13:41", "text": "being created now agents are creating"}, {"start": "00:13:40", "end": "00:13:43", "text": "more content than humans on the"}, {"start": "00:13:41", "end": "00:13:45", "text": "internet. Right? Just like you go"}, {"start": "00:13:43", "end": "00:13:47", "text": "through sector after sector. Is there a"}, {"start": "00:13:45", "end": "00:13:48", "text": "world where not specifically the"}, {"start": "00:13:47", "end": "00:13:50", "text": "highfrequency trading because already"}, {"start": "00:13:48", "end": "00:13:52", "text": "that has surpassed human trading in"}, {"start": "00:13:50", "end": "00:13:54", "text": "terms of the volume of trading on the"}, {"start": "00:13:52", "end": "00:13:56", "text": "traditional market but actually agentic"}, {"start": "00:13:54", "end": "00:13:57", "text": "trading where AI agents themselves are"}, {"start": "00:13:56", "end": "00:14:01", "text": "trading more than even the high"}, {"start": "00:13:57", "end": "00:14:03", "text": "frequency traders are."}, {"start": "00:14:01", "end": "00:14:07", "text": ">> I think that that will have to be a very"}, {"start": "00:14:03", "end": "00:14:09", "text": "closely watched um area of of uh"}, {"start": "00:14:07", "end": "00:14:12", "text": "expansion and influence. You know right"}, {"start": "00:14:09", "end": "00:14:14", "text": "now the markets um are governed by you"}, {"start": "00:14:12", "end": "00:14:17", "text": "know different entities. The CME governs"}, {"start": "00:14:14", "end": "00:14:19", "text": "itself, SEC governs most the other"}, {"start": "00:14:17", "end": "00:14:23", "text": "markets and you know the you know the"}, {"start": "00:14:19", "end": "00:14:26", "text": "disruption of markets is really what uh"}, {"start": "00:14:23", "end": "00:14:28", "text": "they are charged with with you know"}, {"start": "00:14:26", "end": "00:14:31", "text": "keeping from happening or or maintaining"}, {"start": "00:14:28", "end": "00:14:33", "text": "a fair and equitable on and off ramp. So"}, {"start": "00:14:31", "end": "00:14:35", "text": "if they see a disruption in the form of"}, {"start": "00:14:33", "end": "00:14:39", "text": "AI, yes, they will take, I think,"}, {"start": "00:14:35", "end": "00:14:41", "text": "aggressive action to underpin the trust"}, {"start": "00:14:39", "end": "00:14:43", "text": "that's needed for those markets to"}, {"start": "00:14:41", "end": "00:14:46", "text": "function. But truly, I do think that"}, {"start": "00:14:43", "end": "00:14:49", "text": "smart contracts and the age of um"}, {"start": "00:14:46", "end": "00:14:51", "text": "tokenization, it's going to govern"}, {"start": "00:14:49", "end": "00:14:55", "text": "itself to a large extent. and we don't"}, {"start": "00:14:51", "end": "00:14:57", "text": "know where um we don't know how many"}, {"start": "00:14:55", "end": "00:14:59", "text": "agents will get involved, but at the end"}, {"start": "00:14:57", "end": "00:15:04", "text": "of the day, whether it's my agent"}, {"start": "00:14:59", "end": "00:15:06", "text": "against your agent or me against you, um"}, {"start": "00:15:04", "end": "00:15:08", "text": "we're going to both live and die on the"}, {"start": "00:15:06", "end": "00:15:11", "text": "same sword, which is like, you know, how"}, {"start": "00:15:08", "end": "00:15:13", "text": "greedy are we, how emotional are we,"}, {"start": "00:15:11", "end": "00:15:15", "text": "where we can spot winners and losers"}, {"start": "00:15:13", "end": "00:15:17", "text": "earlier in time. I mean, Warren Buffett"}, {"start": "00:15:15", "end": "00:15:20", "text": "strategy is a good example of one that I"}, {"start": "00:15:17", "end": "00:15:23", "text": "don't care how much software you had and"}, {"start": "00:15:20", "end": "00:15:25", "text": "how much computing power you had. You're"}, {"start": "00:15:23", "end": "00:15:28", "text": "it's really doesn't provide any more of"}, {"start": "00:15:25", "end": "00:15:29", "text": "an advantage to what he already has just"}, {"start": "00:15:28", "end": "00:15:31", "text": "with a pencil and a piece of paper"}, {"start": "00:15:29", "end": "00:15:34", "text": "because it's built on the fundamentals"}, {"start": "00:15:31", "end": "00:15:37", "text": "of compounding and human necessity uh in"}, {"start": "00:15:34", "end": "00:15:39", "text": "a way that's not fleeting like, you"}, {"start": "00:15:37", "end": "00:15:39", "text": "know, the the the latest and greatest"}, {"start": "00:15:39", "end": "00:15:42", "text": "craze."}, {"start": "00:15:39", "end": "00:15:44", "text": ">> Andrew, what do you think?"}, {"start": "00:15:42", "end": "00:15:46", "text": "Um, so I think there's going to be a"}, {"start": "00:15:44", "end": "00:15:49", "text": "race uh here over the next two years to"}, {"start": "00:15:46", "end": "00:15:52", "text": "capitalize on on tokenized quote unquote"}, {"start": "00:15:49", "end": "00:15:55", "text": "trading. Um, you know, uh, not only"}, {"start": "00:15:52", "end": "00:15:58", "text": "global banks, investment banks, and then"}, {"start": "00:15:55", "end": "00:15:59", "text": "exchanges are rushing to make this a"}, {"start": "00:15:58", "end": "00:16:01", "text": "reality. And why are they rushing to"}, {"start": "00:15:59", "end": "00:16:03", "text": "make it a reality? Because it it it"}, {"start": "00:16:01", "end": "00:16:06", "text": "allows for additional revenue,"}, {"start": "00:16:03", "end": "00:16:07", "text": "meaningful additional revenue. And those"}, {"start": "00:16:06", "end": "00:16:09", "text": "organizations have been looking for"}, {"start": "00:16:07", "end": "00:16:11", "text": "additional revenue everywhere that they"}, {"start": "00:16:09", "end": "00:16:14", "text": "could possibly pinch it or squeeze it"}, {"start": "00:16:11", "end": "00:16:16", "text": "from for about 15 years. You know, their"}, {"start": "00:16:14", "end": "00:16:19", "text": "business models were meaningfully"}, {"start": "00:16:16", "end": "00:16:20", "text": "disrupted um you know, 18 19 years ago"}, {"start": "00:16:19", "end": "00:16:22", "text": "during the great financial crisis and"}, {"start": "00:16:20", "end": "00:16:24", "text": "they've been searching for something"}, {"start": "00:16:22", "end": "00:16:27", "text": "other than just wealth management to"}, {"start": "00:16:24", "end": "00:16:29", "text": "fill their coffers on a quarterly and"}, {"start": "00:16:27", "end": "00:16:32", "text": "annual basis. So I think trading will"}, {"start": "00:16:29", "end": "00:16:35", "text": "become a much much bigger part um of"}, {"start": "00:16:32", "end": "00:16:38", "text": "just the landscape uh going forward. I"}, {"start": "00:16:35", "end": "00:16:40", "text": "think tokenization will provide that. I"}, {"start": "00:16:38", "end": "00:16:44", "text": "think volatility uh will become"}, {"start": "00:16:40", "end": "00:16:47", "text": "something that uh people will lean into"}, {"start": "00:16:44", "end": "00:16:50", "text": "and people will uh be encouraged to lean"}, {"start": "00:16:47", "end": "00:16:52", "text": "into across different platforms. I think"}, {"start": "00:16:50", "end": "00:16:55", "text": "of one transaction, right? I think of"}, {"start": "00:16:52", "end": "00:16:57", "text": "when Morgan Stanley bought Erade. Morgan"}, {"start": "00:16:55", "end": "00:16:59", "text": "Stanley probably bought E Trade at the"}, {"start": "00:16:57", "end": "00:17:01", "text": "time because they had, you know, uh,"}, {"start": "00:16:59", "end": "00:17:04", "text": "tens of millions of customers on that on"}, {"start": "00:17:01", "end": "00:17:06", "text": "that platform that had capital and"}, {"start": "00:17:04", "end": "00:17:08", "text": "opportunity associated with it. At the"}, {"start": "00:17:06", "end": "00:17:11", "text": "time, it was simply increasing the total"}, {"start": "00:17:08", "end": "00:17:13", "text": "headcount of customers that are doing"}, {"start": "00:17:11", "end": "00:17:16", "text": "business at Morgan Stanley. And how many"}, {"start": "00:17:13", "end": "00:17:18", "text": "even even whatever the small percentage"}, {"start": "00:17:16", "end": "00:17:21", "text": "was, how many people can we move from"}, {"start": "00:17:18", "end": "00:17:22", "text": "Erade into Morgan Stanley and make more"}, {"start": "00:17:21", "end": "00:17:25", "text": "money off of them because it's an"}, {"start": "00:17:22", "end": "00:17:28", "text": "upscale experience. I think with"}, {"start": "00:17:25", "end": "00:17:30", "text": "tokenized trading, tokenized assets,"}, {"start": "00:17:28", "end": "00:17:33", "text": "that Erade property can now be"}, {"start": "00:17:30", "end": "00:17:36", "text": "reconstituted as a trading property"}, {"start": "00:17:33", "end": "00:17:39", "text": "where more money can be made. They can"}, {"start": "00:17:36", "end": "00:17:42", "text": "now bring on new customers. Expect an"}, {"start": "00:17:39", "end": "00:17:45", "text": "influx of customers associated with a"}, {"start": "00:17:42", "end": "00:17:48", "text": "movement. That's 24/7 tokenized trading."}, {"start": "00:17:45", "end": "00:17:50", "text": "Again, whether good nor bad is not the"}, {"start": "00:17:48", "end": "00:17:52", "text": "is not really the question here. It's"}, {"start": "00:17:50", "end": "00:17:54", "text": "what's the trend going to be. So, I"}, {"start": "00:17:52", "end": "00:17:56", "text": "don't know if if you guys were around a"}, {"start": "00:17:54", "end": "00:17:58", "text": "little older than both of you. Um, but"}, {"start": "00:17:56", "end": "00:18:01", "text": "listen, there was a world back in the"}, {"start": "00:17:58", "end": "00:18:04", "text": "mid '9s, mid to late '9s where there"}, {"start": "00:18:01", "end": "00:18:07", "text": "were day trading firms where you know,"}, {"start": "00:18:04", "end": "00:18:10", "text": "you you left your job and you went and"}, {"start": "00:18:07", "end": "00:18:12", "text": "sat in an office where you day traded"}, {"start": "00:18:10", "end": "00:18:14", "text": "and it was a day trading shop, right?"}, {"start": "00:18:12", "end": "00:18:16", "text": "You you weren't at your home doing it."}, {"start": "00:18:14", "end": "00:18:18", "text": "You went to an office and you were a day"}, {"start": "00:18:16", "end": "00:18:21", "text": "trader in a day trading shop where they"}, {"start": "00:18:18", "end": "00:18:22", "text": "offered you additional capital to do so."}, {"start": "00:18:21", "end": "00:18:25", "text": "I think we're going to see another"}, {"start": "00:18:22", "end": "00:18:29", "text": "version of that associated with"}, {"start": "00:18:25", "end": "00:18:32", "text": "tokenization, 247 trading, and uh again,"}, {"start": "00:18:29", "end": "00:18:35", "text": "capital a wash everywhere. Um it won't"}, {"start": "00:18:32", "end": "00:18:39", "text": "look like that. Um but in terms of"}, {"start": "00:18:35", "end": "00:18:43", "text": "revenue to these firms um and increased"}, {"start": "00:18:39", "end": "00:18:47", "text": "uh um activity across markets um you're"}, {"start": "00:18:43", "end": "00:18:50", "text": "going to see Jeff Park put out a a neat"}, {"start": "00:18:47", "end": "00:18:52", "text": "idea associated with this uh I think"}, {"start": "00:18:50", "end": "00:18:56", "text": "last week not last week yesterday is"}, {"start": "00:18:52", "end": "00:18:58", "text": "what it was and the idea that token"}, {"start": "00:18:56", "end": "00:19:00", "text": "tokenization and trading could end up"}, {"start": "00:18:58", "end": "00:19:02", "text": "being the next version of sort of"}, {"start": "00:19:00", "end": "00:19:04", "text": "universal basic income that the idea of"}, {"start": "00:19:02", "end": "00:19:07", "text": "harvesting volatility associated with"}, {"start": "00:19:04", "end": "00:19:10", "text": "tokenized assets. And again, tokenized"}, {"start": "00:19:07", "end": "00:19:12", "text": "assets is just a an interesting choice"}, {"start": "00:19:10", "end": "00:19:16", "text": "of words for equities that are just"}, {"start": "00:19:12", "end": "00:19:17", "text": "available all the time to trade. Um, I I"}, {"start": "00:19:16", "end": "00:19:18", "text": "think it's an interesting concept and I"}, {"start": "00:19:17", "end": "00:19:21", "text": "think we're going to see something like"}, {"start": "00:19:18", "end": "00:19:22", "text": "that over the next 12 to 36 months."}, {"start": "00:19:21", "end": "00:19:24", "text": ">> Today's episode is brought to you by"}, {"start": "00:19:22", "end": "00:19:27", "text": "Fountain Life."}, {"start": "00:19:24", "end": "00:19:29", "text": "Your body is incredibly good at hiding"}, {"start": "00:19:27", "end": "00:19:33", "text": "disease"}, {"start": "00:19:29", "end": "00:19:33", "text": "unless you look."}, {"start": "00:19:41", "end": "00:19:44", "text": "True wealth isn't measured in"}, {"start": "00:19:42", "end": "00:19:47", "text": "possession."}, {"start": "00:19:44", "end": "00:19:49", "text": "It's measured in the time you gain,"}, {"start": "00:19:47", "end": "00:19:51", "text": "the energy you feel, and the life you"}, {"start": "00:19:49", "end": "00:19:53", "text": "create. It may be the smartest"}, {"start": "00:19:51", "end": "00:19:55", "text": "investment of your time you'll ever"}, {"start": "00:19:53", "end": "00:19:55", "text": "make."}, {"start": "00:20:00", "end": "00:20:07", "text": "Life is so very very precious and I want"}, {"start": "00:20:03", "end": "00:20:10", "text": "each of you to be truly awakened to your"}, {"start": "00:20:07", "end": "00:20:13", "text": "aliveness and live longer without"}, {"start": "00:20:10", "end": "00:20:13", "text": "limits."}, {"start": "00:20:16", "end": "00:20:20", "text": ">> Your number one job is to educate"}, {"start": "00:20:18", "end": "00:20:23", "text": "yourself and Fountain wants to help"}, {"start": "00:20:20", "end": "00:20:23", "text": "educate you."}, {"start": "00:20:26", "end": "00:20:30", "text": "Today's episode is brought to you by"}, {"start": "00:20:27", "end": "00:20:32", "text": "BitGet. Bit is the world's first"}, {"start": "00:20:30", "end": "00:20:34", "text": "universal exchange serving over 125"}, {"start": "00:20:32", "end": "00:20:37", "text": "million users with access to over 2"}, {"start": "00:20:34", "end": "00:20:39", "text": "million crypto tokens and trady markets"}, {"start": "00:20:37", "end": "00:20:41", "text": "such as 100 plus tokenized stocks, ETFs,"}, {"start": "00:20:39", "end": "00:20:43", "text": "commodities, FX, and precious metals"}, {"start": "00:20:41", "end": "00:20:45", "text": "like gold and silver. They officially"}, {"start": "00:20:43", "end": "00:20:48", "text": "opened its Trady trading suite on"}, {"start": "00:20:45", "end": "00:20:50", "text": "January 5th, 2026, and has already hit"}, {"start": "00:20:48", "end": "00:20:52", "text": "the milestone of $4 billion of daily"}, {"start": "00:20:50", "end": "00:20:55", "text": "volume just days later. Users can now"}, {"start": "00:20:52", "end": "00:20:57", "text": "trade 79 instruments across global macro"}, {"start": "00:20:55", "end": "00:20:59", "text": "assets such as forex, precious metals,"}, {"start": "00:20:57", "end": "00:21:02", "text": "indices, and commodities directly with"}, {"start": "00:20:59", "end": "00:21:04", "text": "USDT, all within their existing BetGate"}, {"start": "00:21:02", "end": "00:21:06", "text": "account. This experience is designed to"}, {"start": "00:21:04", "end": "00:21:07", "text": "feel familiar to crypto native traders"}, {"start": "00:21:06", "end": "00:21:09", "text": "while opening the door to macrodriven"}, {"start": "00:21:07", "end": "00:21:10", "text": "strategies without the need to switch"}, {"start": "00:21:09", "end": "00:21:13", "text": "platforms."}, {"start": "00:21:10", "end": "00:21:15", "text": "Users can also enjoy high liquidity and"}, {"start": "00:21:13", "end": "00:21:19", "text": "low slippage while trading these assets"}, {"start": "00:21:15", "end": "00:21:20", "text": "with up to 500x leverage. The BitGet"}, {"start": "00:21:19", "end": "00:21:22", "text": "ecosystem is committed to helping users"}, {"start": "00:21:20", "end": "00:21:25", "text": "trade smarter with its AI agent to"}, {"start": "00:21:22", "end": "00:21:26", "text": "execute trade orders as a co-pilot."}, {"start": "00:21:25", "end": "00:21:28", "text": "BitGet is driving crypto adoption"}, {"start": "00:21:26", "end": "00:21:31", "text": "through strategic partnerships with La"}, {"start": "00:21:28", "end": "00:21:33", "text": "Liga and Moto GP. Aligned with its"}, {"start": "00:21:31", "end": "00:21:35", "text": "global impact strategy, Bit has joined"}, {"start": "00:21:33", "end": "00:21:37", "text": "hands with UNICEF to support blockchain"}, {"start": "00:21:35", "end": "00:21:39", "text": "education for 1.1 million people by"}, {"start": "00:21:37", "end": "00:21:42", "text": "2027. Bit currently leads in tokenized"}, {"start": "00:21:39", "end": "00:21:44", "text": "Tre by market, providing the industry's"}, {"start": "00:21:42", "end": "00:21:46", "text": "lowest fees and highest liquidity across"}, {"start": "00:21:44", "end": "00:21:49", "text": "150 regions worldwide."}, {"start": "00:21:46", "end": "00:21:52", "text": "Check them out at bitget.com today."}, {"start": "00:21:49", "end": "00:21:55", "text": "That's bit t.com"}, {"start": "00:21:52", "end": "00:21:55", "text": "today."}, {"start": "00:21:55", "end": "00:21:58", "text": "You know what I've always wondered and I"}, {"start": "00:21:57", "end": "00:22:00", "text": "have no clue if this is going to happen"}, {"start": "00:21:58", "end": "00:22:01", "text": "or not, but there's two things that"}, {"start": "00:22:00", "end": "00:22:04", "text": "we're talking about here. There is the"}, {"start": "00:22:01", "end": "00:22:07", "text": "access persistently to your assets in"}, {"start": "00:22:04", "end": "00:22:08", "text": "terms of 247 trading. Uh but also by"}, {"start": "00:22:07", "end": "00:22:11", "text": "quote unquote tokenizing, you now are"}, {"start": "00:22:08", "end": "00:22:13", "text": "able to do fractional shares not just"}, {"start": "00:22:11", "end": "00:22:15", "text": "for buying and investing, right? We"}, {"start": "00:22:13", "end": "00:22:17", "text": "already have fractional shares on many"}, {"start": "00:22:15", "end": "00:22:20", "text": "retail platforms, but what if all of a"}, {"start": "00:22:17", "end": "00:22:22", "text": "sudden I can actually use it to a"}, {"start": "00:22:20", "end": "00:22:24", "text": "fraction of an Apple share could buy me"}, {"start": "00:22:22", "end": "00:22:26", "text": "something. And so what you get into is"}, {"start": "00:22:24", "end": "00:22:27", "text": "this weird world. Again, I say it's"}, {"start": "00:22:26", "end": "00:22:29", "text": "weird because we don't really do it"}, {"start": "00:22:27", "end": "00:22:31", "text": "today, but it feels like it it's now"}, {"start": "00:22:29", "end": "00:22:33", "text": "technically possible. And the question"}, {"start": "00:22:31", "end": "00:22:36", "text": "is, will consumers adopt it? But now you"}, {"start": "00:22:33", "end": "00:22:38", "text": "don't have to sell my Apple shares, go"}, {"start": "00:22:36", "end": "00:22:40", "text": "to cash, and take my cash and convert it"}, {"start": "00:22:38", "end": "00:22:42", "text": "for a good or a service. Instead, I can"}, {"start": "00:22:40", "end": "00:22:45", "text": "just simply go from Apple stock to good"}, {"start": "00:22:42", "end": "00:22:47", "text": "or service and the technology would let"}, {"start": "00:22:45", "end": "00:22:48", "text": "me do that. Do you guys have an opinion"}, {"start": "00:22:47", "end": "00:22:50", "text": "as to whether that is something that"}, {"start": "00:22:48", "end": "00:22:51", "text": "will be a consumer behavior or do you"}, {"start": "00:22:50", "end": "00:22:52", "text": "think that actually the consumer"}, {"start": "00:22:51", "end": "00:22:54", "text": "behavior will overwhelm the technology"}, {"start": "00:22:52", "end": "00:22:56", "text": "and people will stay with this kind of"}, {"start": "00:22:54", "end": "00:22:58", "text": "going back into cash before they make"}, {"start": "00:22:56", "end": "00:23:00", "text": "purchases?"}, {"start": "00:22:58", "end": "00:23:04", "text": ">> I think this is a migration from"}, {"start": "00:23:00", "end": "00:23:06", "text": "brickandmortar banks to online app based"}, {"start": "00:23:04", "end": "00:23:08", "text": "banks."}, {"start": "00:23:06", "end": "00:23:10", "text": "And if I had to guess, they want you to"}, {"start": "00:23:08", "end": "00:23:12", "text": "hold the assets and they want you to"}, {"start": "00:23:10", "end": "00:23:15", "text": "borrow against them so they can charge"}, {"start": "00:23:12", "end": "00:23:19", "text": "you interest. Uh that would rejuvenate"}, {"start": "00:23:15", "end": "00:23:20", "text": "the lending um side of banking in a way"}, {"start": "00:23:19", "end": "00:23:22", "text": "that would be good for the banks and it"}, {"start": "00:23:20", "end": "00:23:23", "text": "would be good for the economy. It would"}, {"start": "00:23:22", "end": "00:23:26", "text": "be good for the assets, it would be good"}, {"start": "00:23:23", "end": "00:23:28", "text": "for the consumer. You couldn't argue it"}, {"start": "00:23:26", "end": "00:23:30", "text": "for many. It's it's uh it's defensible"}, {"start": "00:23:28", "end": "00:23:33", "text": "from every angle. And I think, you know,"}, {"start": "00:23:30", "end": "00:23:36", "text": "if you look at, for example, like payday"}, {"start": "00:23:33", "end": "00:23:39", "text": "loans or overdraft protection at the"}, {"start": "00:23:36", "end": "00:23:43", "text": "bank, it's geared towards more lending."}, {"start": "00:23:39", "end": "00:23:44", "text": "Um, and Bitcoin and this new economy"}, {"start": "00:23:43", "end": "00:23:48", "text": "that we've been talking about in the"}, {"start": "00:23:44", "end": "00:23:50", "text": "form of digital assets provides them uh"}, {"start": "00:23:48", "end": "00:23:53", "text": "a piece of collateral that can be"}, {"start": "00:23:50", "end": "00:23:55", "text": "repossessed without a lot of cost uh"}, {"start": "00:23:53", "end": "00:23:58", "text": "without a lot of burden from a"}, {"start": "00:23:55", "end": "00:24:00", "text": "management perspective. And um that"}, {"start": "00:23:58", "end": "00:24:03", "text": "smart contract repossession of"}, {"start": "00:24:00", "end": "00:24:06", "text": "collateral mechanism allows them to grow"}, {"start": "00:24:03", "end": "00:24:08", "text": "and expand their lending capabilities at"}, {"start": "00:24:06", "end": "00:24:11", "text": "scale that the likes of which they've"}, {"start": "00:24:08", "end": "00:24:14", "text": "never even imagined because most lending"}, {"start": "00:24:11", "end": "00:24:16", "text": "uh has scalable risk attached to it. if"}, {"start": "00:24:14", "end": "00:24:18", "text": "if I uh you know have too much"}, {"start": "00:24:16", "end": "00:24:20", "text": "concentration risk in real estate for"}, {"start": "00:24:18", "end": "00:24:23", "text": "example in a specific area and there's"}, {"start": "00:24:20", "end": "00:24:25", "text": "some mass you know mass exodus of"}, {"start": "00:24:23", "end": "00:24:28", "text": "population out of that area my real"}, {"start": "00:24:25", "end": "00:24:30", "text": "estate portfolio may take me under um"}, {"start": "00:24:28", "end": "00:24:31", "text": "whereas if it's more diversified but"}, {"start": "00:24:30", "end": "00:24:32", "text": "there's only a certain the more"}, {"start": "00:24:31", "end": "00:24:35", "text": "diversified you are the more"}, {"start": "00:24:32", "end": "00:24:37", "text": "geographically difficult it is to manage"}, {"start": "00:24:35", "end": "00:24:42", "text": "those assets. This is the first time"}, {"start": "00:24:37", "end": "00:24:44", "text": "where assets that have infinite um"}, {"start": "00:24:42", "end": "00:24:47", "text": "liquidity expansion opportunities"}, {"start": "00:24:44", "end": "00:24:49", "text": "attached to them can also be used as"}, {"start": "00:24:47", "end": "00:24:52", "text": "collateral in inside of a smart contract"}, {"start": "00:24:49", "end": "00:24:54", "text": "that allows the banks to lend infinite"}, {"start": "00:24:52", "end": "00:24:57", "text": "dollars out uh without the risk that"}, {"start": "00:24:54", "end": "00:24:59", "text": "they would incur in any other asset. So"}, {"start": "00:24:57", "end": "00:25:01", "text": "I think this is going to be an expansion"}, {"start": "00:24:59", "end": "00:25:03", "text": "of debt. I think it's going to be an"}, {"start": "00:25:01", "end": "00:25:05", "text": "expansion of markets. It's going to be a"}, {"start": "00:25:03", "end": "00:25:07", "text": "redefinition of what banks are. And yes,"}, {"start": "00:25:05", "end": "00:25:10", "text": "I do think to answer your question that"}, {"start": "00:25:07", "end": "00:25:13", "text": "you'll be in the grocery store paying uh"}, {"start": "00:25:10", "end": "00:25:16", "text": "your your grocery bill with a loan"}, {"start": "00:25:13", "end": "00:25:19", "text": "that's given to you by the bank that"}, {"start": "00:25:16", "end": "00:25:22", "text": "holds all of your assets that is lending"}, {"start": "00:25:19", "end": "00:25:24", "text": "against a smart contract because you're"}, {"start": "00:25:22", "end": "00:25:26", "text": "demanding liquidity. Doesn't really"}, {"start": "00:25:24", "end": "00:25:28", "text": "matter where the loan originates from."}, {"start": "00:25:26", "end": "00:25:29", "text": "It could originate from a basket"}, {"start": "00:25:28", "end": "00:25:32", "text": "approach where they're assessing all of"}, {"start": "00:25:29", "end": "00:25:34", "text": "your repossessible smart contract, you"}, {"start": "00:25:32", "end": "00:25:36", "text": "know, pledged securities andor"}, {"start": "00:25:34", "end": "00:25:38", "text": "collateral pieces."}, {"start": "00:25:36", "end": "00:25:41", "text": ">> A a real a real world example of that uh"}, {"start": "00:25:38", "end": "00:25:44", "text": "real quickly is the difference in scale"}, {"start": "00:25:41", "end": "00:25:47", "text": "between say JP Morgan and Jane Street,"}, {"start": "00:25:44", "end": "00:25:50", "text": "right? So JP Morgan has 330,000"}, {"start": "00:25:47", "end": "00:25:53", "text": "employees. Jane Street has about 3,500."}, {"start": "00:25:50", "end": "00:25:56", "text": "And the profits on a quarterly basis uh"}, {"start": "00:25:53", "end": "00:25:58", "text": "skew towards Jane Street. Uh and in"}, {"start": "00:25:56", "end": "00:26:00", "text": "fact, Tom Lee had some commentary about"}, {"start": "00:25:58", "end": "00:26:03", "text": "this the other day uh about you know"}, {"start": "00:26:00", "end": "00:26:06", "text": "blockchain and AI uh to Tilman's point"}, {"start": "00:26:03", "end": "00:26:09", "text": "is going to radically change the banking"}, {"start": "00:26:06", "end": "00:26:11", "text": "sector um in the past in the next 3 to 5"}, {"start": "00:26:09", "end": "00:26:14", "text": "years, right? So you're going to be able"}, {"start": "00:26:11", "end": "00:26:17", "text": "to meaningfully reduce uh actual"}, {"start": "00:26:14", "end": "00:26:21", "text": "headcount um and and deliver you know"}, {"start": "00:26:17", "end": "00:26:23", "text": "more significant services and of course"}, {"start": "00:26:21", "end": "00:26:26", "text": "increase revenue and profits. So, uh,"}, {"start": "00:26:23", "end": "00:26:28", "text": "it's kind of a fascinating reality, um,"}, {"start": "00:26:26", "end": "00:26:31", "text": "when you see the difference between, you"}, {"start": "00:26:28", "end": "00:26:33", "text": "know, global JP Morgan 300,000 plus"}, {"start": "00:26:31", "end": "00:26:36", "text": "employees in Jane Street and what they"}, {"start": "00:26:33", "end": "00:26:38", "text": "do and how they do it. Um, and then the"}, {"start": "00:26:36", "end": "00:26:41", "text": "difference in in in revenue per employee"}, {"start": "00:26:38", "end": "00:26:42", "text": "is extraordinary, right? That um, that"}, {"start": "00:26:41", "end": "00:26:44", "text": "makes sense. How do you guys think about"}, {"start": "00:26:42", "end": "00:26:45", "text": "like something like hyperlquid and you"}, {"start": "00:26:44", "end": "00:26:47", "text": "know they're starting to trade tokenized"}, {"start": "00:26:45", "end": "00:26:50", "text": "versions of private companies which"}, {"start": "00:26:47", "end": "00:26:51", "text": "seems like that's now like the new focus"}, {"start": "00:26:50", "end": "00:26:52", "text": "and you know there's some price"}, {"start": "00:26:51", "end": "00:26:54", "text": "discovery or what are you guys seeing"}, {"start": "00:26:52", "end": "00:26:56", "text": "there?"}, {"start": "00:26:54", "end": "00:26:58", "text": ">> Expansion of market opportunity is just"}, {"start": "00:26:56", "end": "00:27:01", "text": "more money flowing to more places"}, {"start": "00:26:58", "end": "00:27:04", "text": "because it's available now uh and"}, {"start": "00:27:01", "end": "00:27:06", "text": "technology has caught up with uh the the"}, {"start": "00:27:04", "end": "00:27:08", "text": "demand. The demand's always been there."}, {"start": "00:27:06", "end": "00:27:10", "text": "I mean, if you if you look at, you know,"}, {"start": "00:27:08", "end": "00:27:12", "text": "the way in which you make the most"}, {"start": "00:27:10", "end": "00:27:14", "text": "amount of money in the United States,"}, {"start": "00:27:12", "end": "00:27:16", "text": "it's buying in early to private"}, {"start": "00:27:14", "end": "00:27:19", "text": "companies. That that is the way you make"}, {"start": "00:27:16", "end": "00:27:21", "text": "the most amount of money. Um, and so why"}, {"start": "00:27:19", "end": "00:27:24", "text": "not fractionalize it like you said"}, {"start": "00:27:21", "end": "00:27:26", "text": "earlier? Uh, why not take it to a lower"}, {"start": "00:27:24", "end": "00:27:28", "text": "denomination that allows more"}, {"start": "00:27:26", "end": "00:27:31", "text": "participation? Um, and you know, if you"}, {"start": "00:27:28", "end": "00:27:33", "text": "look at like traditional institutional"}, {"start": "00:27:31", "end": "00:27:36", "text": "funds, like commercial real estate funds"}, {"start": "00:27:33", "end": "00:27:38", "text": "for example, most of the minimum"}, {"start": "00:27:36", "end": "00:27:42", "text": "thresholds are like $5 million you have"}, {"start": "00:27:38", "end": "00:27:44", "text": "to place or you don't get invited. Uh,"}, {"start": "00:27:42", "end": "00:27:45", "text": "and you boil that down to why would they"}, {"start": "00:27:44", "end": "00:27:47", "text": "do that? Why wouldn't they want money"}, {"start": "00:27:45", "end": "00:27:52", "text": "from everyone? Well, because the"}, {"start": "00:27:47", "end": "00:27:55", "text": "management hassle of issuing a security"}, {"start": "00:27:52", "end": "00:27:57", "text": "um to you know qualified investors,"}, {"start": "00:27:55", "end": "00:27:59", "text": "there is a lot of cost and friction"}, {"start": "00:27:57", "end": "00:28:02", "text": "there. So if they can cherrypick and"}, {"start": "00:27:59", "end": "00:28:04", "text": "find a reputation where by which they"}, {"start": "00:28:02", "end": "00:28:07", "text": "can demand a high minimum threshold and"}, {"start": "00:28:04", "end": "00:28:09", "text": "they can deal with a lot fewer people,"}, {"start": "00:28:07", "end": "00:28:11", "text": "it alleviates a lot of that that"}, {"start": "00:28:09", "end": "00:28:14", "text": "headache. And so fractionalizing it"}, {"start": "00:28:11", "end": "00:28:16", "text": "through tokenization alleviates the"}, {"start": "00:28:14", "end": "00:28:19", "text": "headache but also lets you offer it to"}, {"start": "00:28:16", "end": "00:28:21", "text": "that broad market. And so it it's again"}, {"start": "00:28:19", "end": "00:28:22", "text": "a it's going to be a huge place where"}, {"start": "00:28:21", "end": "00:28:23", "text": "liquidity is going to have to be"}, {"start": "00:28:22", "end": "00:28:25", "text": "injected."}, {"start": "00:28:23", "end": "00:28:28", "text": ">> I I'd also add that over the next 18 to"}, {"start": "00:28:25", "end": "00:28:30", "text": "24 months Hyperlid is going to face an"}, {"start": "00:28:28", "end": "00:28:33", "text": "enormous amount of competition."}, {"start": "00:28:30", "end": "00:28:35", "text": "Enormous amount of competition. So, you"}, {"start": "00:28:33", "end": "00:28:39", "text": "know, again, the likes of Erade, Robin"}, {"start": "00:28:35", "end": "00:28:41", "text": "Hood, um, every traditional player in"}, {"start": "00:28:39", "end": "00:28:44", "text": "the world is going to offer the same"}, {"start": "00:28:41", "end": "00:28:47", "text": "type of tokenized access to this stuff"}, {"start": "00:28:44", "end": "00:28:50", "text": "that Hyperliquid is today. Um, it it'll"}, {"start": "00:28:47", "end": "00:28:52", "text": "all get commoditized. Um, there'll be an"}, {"start": "00:28:50", "end": "00:28:54", "text": "enormous influx of revenue initially in"}, {"start": "00:28:52", "end": "00:28:57", "text": "the first six to let's call it 18 months"}, {"start": "00:28:54", "end": "00:29:00", "text": "and then steadily the costs associated"}, {"start": "00:28:57", "end": "00:29:02", "text": "with tokenized trading will come down"}, {"start": "00:29:00", "end": "00:29:04", "text": "and down and down and down."}, {"start": "00:29:02", "end": "00:29:06", "text": "Well, the the decision that I see facing"}, {"start": "00:29:04", "end": "00:29:08", "text": "Hyperlquid and all these other"}, {"start": "00:29:06", "end": "00:29:12", "text": "cryptocentric or tokenization centric"}, {"start": "00:29:08", "end": "00:29:16", "text": "companies is do we try to play with the"}, {"start": "00:29:12", "end": "00:29:19", "text": "big legacy boys and stand on our own two"}, {"start": "00:29:16", "end": "00:29:23", "text": "feet or do is there an M&A move that"}, {"start": "00:29:19", "end": "00:29:26", "text": "makes sense for us um that protects us"}, {"start": "00:29:23", "end": "00:29:28", "text": "um and you know from that competition"}, {"start": "00:29:26", "end": "00:29:31", "text": "and gets us critical mass in the market"}, {"start": "00:29:28", "end": "00:29:33", "text": "share that we possess to where we become"}, {"start": "00:29:31", "end": "00:29:36", "text": "you kind of too big to fail, if you"}, {"start": "00:29:33", "end": "00:29:38", "text": "will. And I I do think that Hyperlid"}, {"start": "00:29:36", "end": "00:29:42", "text": "possesses that type of equality where"}, {"start": "00:29:38", "end": "00:29:46", "text": "they could either be purchased um andor"}, {"start": "00:29:42", "end": "00:29:48", "text": "merge with another large legacy firm to"}, {"start": "00:29:46", "end": "00:29:50", "text": "to to make this a reality across a"}, {"start": "00:29:48", "end": "00:29:52", "text": "broader customer base."}, {"start": "00:29:50", "end": "00:29:54", "text": ">> Now, when you guys see this like access"}, {"start": "00:29:52", "end": "00:29:55", "text": "to markets, which I agree with and I"}, {"start": "00:29:54", "end": "00:29:57", "text": "think that that is happening, I think"}, {"start": "00:29:55", "end": "00:29:59", "text": "it's generally a net positive. What are"}, {"start": "00:29:57", "end": "00:30:00", "text": "the downsides? like, you know, maybe if"}, {"start": "00:29:59", "end": "00:30:02", "text": "you look to outside of like pure"}, {"start": "00:30:00", "end": "00:30:04", "text": "investing, you look towards like sports"}, {"start": "00:30:02", "end": "00:30:05", "text": "gambling and many of those areas, uh"}, {"start": "00:30:04", "end": "00:30:06", "text": "there's a lot of young people who"}, {"start": "00:30:05", "end": "00:30:08", "text": "frankly they're just like, I want a"}, {"start": "00:30:06", "end": "00:30:10", "text": "quote unquote return. And I put that in"}, {"start": "00:30:08", "end": "00:30:11", "text": "those air quotes because I don't know if"}, {"start": "00:30:10", "end": "00:30:13", "text": "they really care whether they bought a"}, {"start": "00:30:11", "end": "00:30:15", "text": "stock and it goes up 5x or they hit a"}, {"start": "00:30:13", "end": "00:30:17", "text": "triple parlay and feel like they're, you"}, {"start": "00:30:15", "end": "00:30:19", "text": "know, getting rich on that. And so on"}, {"start": "00:30:17", "end": "00:30:21", "text": "one hand, you are getting access to more"}, {"start": "00:30:19", "end": "00:30:22", "text": "markets. On the other hand, you know, I"}, {"start": "00:30:21", "end": "00:30:24", "text": "think that maybe people who are a little"}, {"start": "00:30:22", "end": "00:30:25", "text": "bit older, who have a little bit more"}, {"start": "00:30:24", "end": "00:30:27", "text": "experience, who have kind of seen how"}, {"start": "00:30:25", "end": "00:30:28", "text": "that plays out, may be like, ah, maybe"}, {"start": "00:30:27", "end": "00:30:30", "text": "some of the gambling stuff isn't what we"}, {"start": "00:30:28", "end": "00:30:33", "text": "want, you know, a wide swath of young"}, {"start": "00:30:30", "end": "00:30:36", "text": "people to do."}, {"start": "00:30:33", "end": "00:30:39", "text": "My argument would be that education uh"}, {"start": "00:30:36", "end": "00:30:43", "text": "and knowledge is power, and I'd rather"}, {"start": "00:30:39", "end": "00:30:47", "text": "see a generation understand money from a"}, {"start": "00:30:43", "end": "00:30:48", "text": "riskreward perspective than not. Um, and"}, {"start": "00:30:47", "end": "00:30:50", "text": "so you look at the current educational"}, {"start": "00:30:48", "end": "00:30:52", "text": "system. You look at the current"}, {"start": "00:30:50", "end": "00:30:56", "text": "generation, my generation, and the kind"}, {"start": "00:30:52", "end": "00:30:59", "text": "of two below me. Um, and there's there's"}, {"start": "00:30:56", "end": "00:31:01", "text": "not a large group of us that understand"}, {"start": "00:30:59", "end": "00:31:04", "text": "like the time value of money and like"}, {"start": "00:31:01", "end": "00:31:08", "text": "basic principles that if you go up two"}, {"start": "00:31:04", "end": "00:31:09", "text": "generations were the foundation of their"}, {"start": "00:31:08", "end": "00:31:12", "text": "careers and what they thought about"}, {"start": "00:31:09", "end": "00:31:16", "text": "every single day. And so you go, well,"}, {"start": "00:31:12", "end": "00:31:19", "text": "all those people, you have a a a large"}, {"start": "00:31:16", "end": "00:31:21", "text": "segment of the future that doesn't play"}, {"start": "00:31:19", "end": "00:31:23", "text": "in the markets and doesn't understand"}, {"start": "00:31:21", "end": "00:31:26", "text": "the difference between having their"}, {"start": "00:31:23", "end": "00:31:28", "text": "money make money for them and having"}, {"start": "00:31:26", "end": "00:31:31", "text": "their hands make money for them. And"}, {"start": "00:31:28", "end": "00:31:34", "text": "that is the square one of understanding"}, {"start": "00:31:31", "end": "00:31:37", "text": "money in my opinion. Uh because once you"}, {"start": "00:31:34", "end": "00:31:41", "text": "understand that money has function"}, {"start": "00:31:37", "end": "00:31:44", "text": "beyond spending that it actually can be"}, {"start": "00:31:41", "end": "00:31:46", "text": "put to work no different than you know a"}, {"start": "00:31:44", "end": "00:31:48", "text": "force of labor can be put to work then"}, {"start": "00:31:46", "end": "00:31:50", "text": "you start to go wow this becomes"}, {"start": "00:31:48", "end": "00:31:53", "text": "something that you know while I'm doing"}, {"start": "00:31:50", "end": "00:31:56", "text": "my 9 to5 I can have other things working"}, {"start": "00:31:53", "end": "00:31:58", "text": "on my behalf. Now granted, there will be"}, {"start": "00:31:56", "end": "00:32:01", "text": "some steep learning curves that will"}, {"start": "00:31:58", "end": "00:32:03", "text": "cause a lot of losses, but again, I"}, {"start": "00:32:01", "end": "00:32:05", "text": "would I would venture to say that that"}, {"start": "00:32:03", "end": "00:32:09", "text": "education is worthwhile even with the"}, {"start": "00:32:05", "end": "00:32:11", "text": "losses incurred. Um, and one would hope"}, {"start": "00:32:09", "end": "00:32:14", "text": "that that would lead somebody into"}, {"start": "00:32:11", "end": "00:32:16", "text": "understanding more prudent ways to place"}, {"start": "00:32:14", "end": "00:32:19", "text": "money than sports betting, right? Um,"}, {"start": "00:32:16", "end": "00:32:22", "text": "but I think the the the fundamental"}, {"start": "00:32:19", "end": "00:32:24", "text": "involvement of putting money to work is"}, {"start": "00:32:22", "end": "00:32:27", "text": "something that has been lost. And I"}, {"start": "00:32:24", "end": "00:32:30", "text": "think we need to put that back into"}, {"start": "00:32:27", "end": "00:32:32", "text": "everyone's hands. Uh, and God only knows"}, {"start": "00:32:30", "end": "00:32:34", "text": "the innovation that's that will come of"}, {"start": "00:32:32", "end": "00:32:36", "text": "that and the participation and the human"}, {"start": "00:32:34", "end": "00:32:39", "text": "capital that then, you know, yields"}, {"start": "00:32:36", "end": "00:32:40", "text": "fruit for us as a whole, I think, will"}, {"start": "00:32:39", "end": "00:32:42", "text": "be will be evident."}, {"start": "00:32:40", "end": "00:32:45", "text": ">> Yeah, prediction markets aren't going"}, {"start": "00:32:42", "end": "00:32:47", "text": "away. They'll they'll continue to grow."}, {"start": "00:32:45", "end": "00:32:50", "text": "Um, you know, one of the ways that you"}, {"start": "00:32:47", "end": "00:32:53", "text": "can see that happening again faster than"}, {"start": "00:32:50", "end": "00:32:55", "text": "we all expect is, you know, there's a"}, {"start": "00:32:53", "end": "00:32:57", "text": "couple of prediction market ETFs that"}, {"start": "00:32:55", "end": "00:32:59", "text": "are on the on the cusp of coming out."}, {"start": "00:32:57", "end": "00:33:01", "text": "Um, what in the world those are going to"}, {"start": "00:32:59", "end": "00:33:04", "text": "track? I don't know. They're going to"}, {"start": "00:33:01", "end": "00:33:06", "text": "track something. Um, and and to to that"}, {"start": "00:33:04", "end": "00:33:08", "text": "end, you know, prediction markets are"}, {"start": "00:33:06", "end": "00:33:10", "text": "just going to be a version. They're"}, {"start": "00:33:08", "end": "00:33:13", "text": "they're a preversion"}, {"start": "00:33:10", "end": "00:33:16", "text": "of tokenized uh real world asset trading"}, {"start": "00:33:13", "end": "00:33:20", "text": "24/7 trading because prediction markets"}, {"start": "00:33:16", "end": "00:33:22", "text": "are 24/7 cryptos 24/7. So tokenized"}, {"start": "00:33:20", "end": "00:33:24", "text": "again the these are now banks and the"}, {"start": "00:33:22", "end": "00:33:26", "text": "major players saying wait a minute"}, {"start": "00:33:24", "end": "00:33:29", "text": "there's a lot of capital flight moving"}, {"start": "00:33:26", "end": "00:33:31", "text": "around that that that's leaving us that"}, {"start": "00:33:29", "end": "00:33:33", "text": "went to crypto that's going to"}, {"start": "00:33:31", "end": "00:33:35", "text": "prediction markets we want that back."}, {"start": "00:33:33", "end": "00:33:37", "text": "How do we get that back? Let's take a"}, {"start": "00:33:35", "end": "00:33:39", "text": "little bit from this crypto deal. Let's"}, {"start": "00:33:37", "end": "00:33:41", "text": "take a little bit from this prediction"}, {"start": "00:33:39", "end": "00:33:44", "text": "market thing that's happening. Let's"}, {"start": "00:33:41", "end": "00:33:46", "text": "create uh tokenized assets on the"}, {"start": "00:33:44", "end": "00:33:49", "text": "playing field that we're on. Turn it on"}, {"start": "00:33:46", "end": "00:33:50", "text": "247 and Okay, now let's go do that. My"}, {"start": "00:33:49", "end": "00:33:53", "text": "guess is is you're going to have"}, {"start": "00:33:50", "end": "00:33:57", "text": "tokenized versions that are 2x 3x 4x to"}, {"start": "00:33:53", "end": "00:33:58", "text": "the upside 2x 3x 4x to the downside that"}, {"start": "00:33:57", "end": "00:34:00", "text": "you're going to be able to play on"}, {"start": "00:33:58", "end": "00:34:01", "text": "traditional equities, whatever they"}, {"start": "00:34:00", "end": "00:34:03", "text": "happen to be. That's all going to"}, {"start": "00:34:01", "end": "00:34:05", "text": "happen. And it's all going to happen"}, {"start": "00:34:03", "end": "00:34:07", "text": "because you're now competing with"}, {"start": "00:34:05", "end": "00:34:09", "text": "prediction markets 24/7, crypto 24/7,"}, {"start": "00:34:07", "end": "00:34:11", "text": "and whatever else is 24/7."}, {"start": "00:34:09", "end": "00:34:13", "text": ">> I mean, it makes so much sense, right?"}, {"start": "00:34:11", "end": "00:34:15", "text": "Is there's a war for attention. There's"}, {"start": "00:34:13", "end": "00:34:16", "text": "also a war for capital, and investors"}, {"start": "00:34:15", "end": "00:34:17", "text": "are going to have to choose where to put"}, {"start": "00:34:16", "end": "00:34:19", "text": "it, where is it best treated, where do"}, {"start": "00:34:17", "end": "00:34:21", "text": "they think it's going to appreciate the"}, {"start": "00:34:19", "end": "00:34:23", "text": "most and also be insulated the most from"}, {"start": "00:34:21", "end": "00:34:24", "text": "all of the uh the challenges that people"}, {"start": "00:34:23", "end": "00:34:26", "text": "face. Um, where can we send people to"}, {"start": "00:34:24", "end": "00:34:28", "text": "find out more about Arch and and what is"}, {"start": "00:34:26", "end": "00:34:31", "text": "kind of your guys pitch to people if"}, {"start": "00:34:28", "end": "00:34:34", "text": "they use your product?"}, {"start": "00:34:31", "end": "00:34:36", "text": "First of all, I I think the passion lies"}, {"start": "00:34:34", "end": "00:34:39", "text": "deep in a need that was with us at the"}, {"start": "00:34:36", "end": "00:34:42", "text": "very beginning, which is the the markets"}, {"start": "00:34:39", "end": "00:34:44", "text": "drive emotion. It drives bad decisionm."}, {"start": "00:34:42", "end": "00:34:47", "text": "We want prudent plans that we can"}, {"start": "00:34:44", "end": "00:34:49", "text": "execute um over long periods of time"}, {"start": "00:34:47", "end": "00:34:52", "text": "without the burden of the management of"}, {"start": "00:34:49", "end": "00:34:54", "text": "that. Um the the group of customers that"}, {"start": "00:34:52", "end": "00:34:57", "text": "we have are sophisticated, high- netw"}, {"start": "00:34:54", "end": "00:35:00", "text": "worth individuals all the way down to"}, {"start": "00:34:57", "end": "00:35:03", "text": "people who are very beginners in crypto"}, {"start": "00:35:00", "end": "00:35:05", "text": "and they want tools that have proven"}, {"start": "00:35:03", "end": "00:35:07", "text": "outcomes that that are an extension of"}, {"start": "00:35:05", "end": "00:35:09", "text": "their will in the markets that they can"}, {"start": "00:35:07", "end": "00:35:12", "text": "turn on and set it and forget it and"}, {"start": "00:35:09", "end": "00:35:14", "text": "come back and and it's done what they"}, {"start": "00:35:12", "end": "00:35:16", "text": "have prescribed it to do. And so that's"}, {"start": "00:35:14", "end": "00:35:19", "text": "what we specialize in. We specialize in"}, {"start": "00:35:16", "end": "00:35:22", "text": "doing that with um a great group of"}, {"start": "00:35:19", "end": "00:35:24", "text": "customer service folks that really know"}, {"start": "00:35:22", "end": "00:35:26", "text": "the tools well and we'll spend as much"}, {"start": "00:35:24", "end": "00:35:28", "text": "time getting you familiar with them so"}, {"start": "00:35:26", "end": "00:35:29", "text": "that you feel the confidence in using"}, {"start": "00:35:28", "end": "00:35:31", "text": "them. Um but that's what we're"}, {"start": "00:35:29", "end": "00:35:34", "text": "passionate about. Archpub.com is where"}, {"start": "00:35:31", "end": "00:35:37", "text": "you can find us. You can download and"}, {"start": "00:35:34", "end": "00:35:38", "text": "use uh the tools for free uh to get"}, {"start": "00:35:37", "end": "00:35:40", "text": "started and to see if it's something"}, {"start": "00:35:38", "end": "00:35:42", "text": "that you find attractive. But I can"}, {"start": "00:35:40", "end": "00:35:45", "text": "assure you it's a real eye openening"}, {"start": "00:35:42", "end": "00:35:47", "text": "experience. Um, and if you have ever,"}, {"start": "00:35:45", "end": "00:35:49", "text": "you know, dealt with automation in the"}, {"start": "00:35:47", "end": "00:35:51", "text": "markets before, I can assure you it's"}, {"start": "00:35:49", "end": "00:35:53", "text": "something that you have not seen. I we"}, {"start": "00:35:51", "end": "00:35:55", "text": "we do not ha, um, run across anything"}, {"start": "00:35:53", "end": "00:35:57", "text": "familiar or similar to what we've built."}, {"start": "00:35:55", "end": "00:35:58", "text": "So, uh, come check us out and we'd love"}, {"start": "00:35:57", "end": "00:36:00", "text": "to help you."}, {"start": "00:35:58", "end": "00:36:02", "text": ">> Yeah, it it's extraordinarily exciting."}, {"start": "00:36:00", "end": "00:36:07", "text": "Um, everybody's going to need need to"}, {"start": "00:36:02", "end": "00:36:10", "text": "use some sort of automation, AI, agentic"}, {"start": "00:36:07", "end": "00:36:14", "text": "uh, type of tools on a go forward basis."}, {"start": "00:36:10", "end": "00:36:16", "text": "If you've got 247 markets everywhere,"}, {"start": "00:36:14", "end": "00:36:18", "text": "you can only stay up 12 to 18 hours a"}, {"start": "00:36:16", "end": "00:36:19", "text": "day. You can't do this on your own. So,"}, {"start": "00:36:18", "end": "00:36:22", "text": "you're going to have to get familiar"}, {"start": "00:36:19", "end": "00:36:25", "text": "with tools like this and everybody's"}, {"start": "00:36:22", "end": "00:36:27", "text": "going to be using them. So, one, um, to"}, {"start": "00:36:25", "end": "00:36:29", "text": "be on the the very bleeding edge of"}, {"start": "00:36:27", "end": "00:36:32", "text": "tech, which is where Arch Public is, and"}, {"start": "00:36:29", "end": "00:36:34", "text": "then to have a huge amount of folks at"}, {"start": "00:36:32", "end": "00:36:37", "text": "our company that are ready to talk to"}, {"start": "00:36:34", "end": "00:36:39", "text": "you at any time about not only how do"}, {"start": "00:36:37", "end": "00:36:41", "text": "you set this up, what does this mean,"}, {"start": "00:36:39", "end": "00:36:43", "text": "can I change this, what about that? You"}, {"start": "00:36:41", "end": "00:36:45", "text": "can ask them a million questions."}, {"start": "00:36:43", "end": "00:36:47", "text": "They'll be available to you anytime,"}, {"start": "00:36:45", "end": "00:36:48", "text": "anywhere to help you as you you walk"}, {"start": "00:36:47", "end": "00:36:51", "text": "through this process. And then"}, {"start": "00:36:48", "end": "00:36:54", "text": "secondarily performance extraordinary"}, {"start": "00:36:51", "end": "00:36:56", "text": "meaningful meaningful delta variances"}, {"start": "00:36:54", "end": "00:36:58", "text": "between like buy and hold and then using"}, {"start": "00:36:56", "end": "00:37:00", "text": "our tools. And then finally we build"}, {"start": "00:36:58", "end": "00:37:02", "text": "tools that harvest yield to the upside"}, {"start": "00:37:00", "end": "00:37:04", "text": "and to the downside. To the upside"}, {"start": "00:37:02", "end": "00:37:07", "text": "you've got cash yield and additional"}, {"start": "00:37:04", "end": "00:37:09", "text": "value associated with that asset. You"}, {"start": "00:37:07", "end": "00:37:11", "text": "have more and more of that asset as"}, {"start": "00:37:09", "end": "00:37:13", "text": "you're accumulating it to the upside. To"}, {"start": "00:37:11", "end": "00:37:16", "text": "the downside you're now harvesting tax"}, {"start": "00:37:13", "end": "00:37:18", "text": "losses. And we have tools that do that"}, {"start": "00:37:16", "end": "00:37:20", "text": "for you on an ongoing basis as well. The"}, {"start": "00:37:18", "end": "00:37:23", "text": "warehouse of tools that we have is"}, {"start": "00:37:20", "end": "00:37:25", "text": "massive and huge. In other words,"}, {"start": "00:37:23", "end": "00:37:28", "text": "whatever you want to get accomplished in"}, {"start": "00:37:25", "end": "00:37:30", "text": "terms of your will in the markets with"}, {"start": "00:37:28", "end": "00:37:32", "text": "crypto, we have other, you know, broader"}, {"start": "00:37:30", "end": "00:37:35", "text": "things coming to market across different"}, {"start": "00:37:32", "end": "00:37:37", "text": "uh different assets. Come talk to us and"}, {"start": "00:37:35", "end": "00:37:39", "text": "we'll be able to say yes, we can make"}, {"start": "00:37:37", "end": "00:37:40", "text": "that happen."}, {"start": "00:37:39", "end": "00:37:41", "text": ">> I love it guys. Thank you guys so much"}, {"start": "00:37:40", "end": "00:37:44", "text": "for the time today. We'll definitely do"}, {"start": "00:37:41", "end": "00:37:47", "text": "it again in the future. Awesome."}, {"start": "00:37:44", "end": "00:37:47", "text": "Thanks, Anthony."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "because of what I believe with"}, {"start": "00:00:01", "end": "00:00:05", "text": "tokenization, because of what I believe"}, {"start": "00:00:03", "end": "00:00:07", "text": "is happening with the network effects,"}, {"start": "00:00:05", "end": "00:00:10", "text": "the fact that yesterday the Clarity Act"}, {"start": "00:00:07", "end": "00:00:12", "text": "probability skyrocketed up to 73% before"}, {"start": "00:00:10", "end": "00:00:15", "text": "the end of the year. I believe we are in"}, {"start": "00:00:12", "end": "00:00:17", "text": "a very important point in crypto. We're"}, {"start": "00:00:15", "end": "00:00:19", "text": "a year from now. What's going on, guys?"}, {"start": "00:00:17", "end": "00:00:21", "text": "Today, we got a great conversation with"}, {"start": "00:00:19", "end": "00:00:22", "text": "Jordy Visser. Jordy goes through what's"}, {"start": "00:00:21", "end": "00:00:24", "text": "going on in the macro environment, why"}, {"start": "00:00:22", "end": "00:00:26", "text": "stocks hitting all-time highs may be a"}, {"start": "00:00:24", "end": "00:00:28", "text": "tale of caution, what's going on with"}, {"start": "00:00:26", "end": "00:00:30", "text": "interest rates, inflation, where he"}, {"start": "00:00:28", "end": "00:00:32", "text": "thinks we go from here. also Bitcoin and"}, {"start": "00:00:30", "end": "00:00:34", "text": "Dogecoin. Jordy talks about Dogecoin as"}, {"start": "00:00:32", "end": "00:00:36", "text": "a signal for something he's paying"}, {"start": "00:00:34", "end": "00:00:37", "text": "attention to. And frankly, it made a lot"}, {"start": "00:00:36", "end": "00:00:39", "text": "of sense once he explained it. All that"}, {"start": "00:00:37", "end": "00:00:41", "text": "and much more in this conversation with"}, {"start": "00:00:39", "end": "00:00:43", "text": "Jordi Visser. All right, Jordy, let's"}, {"start": "00:00:41", "end": "00:00:45", "text": "start with the new all-time high in the"}, {"start": "00:00:43", "end": "00:00:46", "text": "stock market. It feels like the month of"}, {"start": "00:00:45", "end": "00:00:48", "text": "May is the coming out party for the"}, {"start": "00:00:46", "end": "00:00:51", "text": "stock market. There's been nine or 10"}, {"start": "00:00:48", "end": "00:00:53", "text": "trading days of the month, yet we hit"}, {"start": "00:00:51", "end": "00:00:55", "text": "six different new all-time highs"}, {"start": "00:00:53", "end": "00:00:57", "text": "already. And so, the momentum has just"}, {"start": "00:00:55", "end": "00:00:59", "text": "been getting more momentum. What is"}, {"start": "00:00:57", "end": "00:01:01", "text": "driving all of this excitement,"}, {"start": "00:00:59", "end": "00:01:03", "text": "enthusiasm, and potentially fraud in the"}, {"start": "00:01:01", "end": "00:01:05", "text": "stock market?"}, {"start": "00:01:03", "end": "00:01:07", "text": ">> Yeah, we've made new all-time highs, but"}, {"start": "00:01:05", "end": "00:01:10", "text": "there's um there's one part of the"}, {"start": "00:01:07", "end": "00:01:13", "text": "market that continues to drive it, which"}, {"start": "00:01:10", "end": "00:01:16", "text": "is the AI trade. It isn't just semis,"}, {"start": "00:01:13", "end": "00:01:20", "text": "but semis are the fuel. Uh that's where"}, {"start": "00:01:16", "end": "00:01:22", "text": "the speculation is. And we've been able"}, {"start": "00:01:20", "end": "00:01:25", "text": "to uh navigate through everything that's"}, {"start": "00:01:22", "end": "00:01:26", "text": "going on with semis driving everything."}, {"start": "00:01:25", "end": "00:01:29", "text": "The the one thing I want to say as as"}, {"start": "00:01:26", "end": "00:01:31", "text": "people are watching this and um the"}, {"start": "00:01:29", "end": "00:01:33", "text": "stock market's making new all-time"}, {"start": "00:01:31", "end": "00:01:35", "text": "highs, but you hear these, you know,"}, {"start": "00:01:33", "end": "00:01:37", "text": "these comments over time that it's doing"}, {"start": "00:01:35", "end": "00:01:40", "text": "it without a lot of breath. It's very"}, {"start": "00:01:37", "end": "00:01:42", "text": "concentrated. Uh and that's one of the"}, {"start": "00:01:40", "end": "00:01:44", "text": "the situations that we're we've been in"}, {"start": "00:01:42", "end": "00:01:48", "text": "over the course of the last couple"}, {"start": "00:01:44", "end": "00:01:52", "text": "weeks. We're actually seeing a lot of 52"}, {"start": "00:01:48", "end": "00:01:56", "text": "week new lows. um as many and in some"}, {"start": "00:01:52", "end": "00:01:59", "text": "days more than 52- week new highs. Now"}, {"start": "00:01:56", "end": "00:02:01", "text": "52- week new highs and lows are just"}, {"start": "00:01:59", "end": "00:02:03", "text": "over the last year. So when you say"}, {"start": "00:02:01", "end": "00:02:06", "text": "all-time highs, we actually have a lot"}, {"start": "00:02:03", "end": "00:02:09", "text": "of names that are making new lows. Um we"}, {"start": "00:02:06", "end": "00:02:11", "text": "only have just above or right around 50%"}, {"start": "00:02:09", "end": "00:02:12", "text": "of the stocks above their 200 day moving"}, {"start": "00:02:11", "end": "00:02:15", "text": "average. That's a one-year moving"}, {"start": "00:02:12", "end": "00:02:17", "text": "average effectively or close to it. So"}, {"start": "00:02:15", "end": "00:02:19", "text": "this is not a broad rally. And whenever"}, {"start": "00:02:17", "end": "00:02:21", "text": "this happens, that means there's a"}, {"start": "00:02:19", "end": "00:02:25", "text": "struggle going on. The things that are"}, {"start": "00:02:21", "end": "00:02:26", "text": "near the 52- week lows are remain"}, {"start": "00:02:25", "end": "00:02:29", "text": "software, which is still being disrupted"}, {"start": "00:02:26", "end": "00:02:31", "text": "by AI. It's not all software, but a lot"}, {"start": "00:02:29", "end": "00:02:33", "text": "of software companies. Uh, and then you"}, {"start": "00:02:31", "end": "00:02:36", "text": "also have everything related to the"}, {"start": "00:02:33", "end": "00:02:39", "text": "consumer. So, you've got McDonald's"}, {"start": "00:02:36", "end": "00:02:42", "text": "close to 52- week high lows. You have uh"}, {"start": "00:02:39", "end": "00:02:43", "text": "Nike near 52- week lows. You have I can"}, {"start": "00:02:42", "end": "00:02:46", "text": "go through like a list of these"}, {"start": "00:02:43", "end": "00:02:48", "text": "whirlpool on the housing side."}, {"start": "00:02:46", "end": "00:02:50", "text": "Everything on the consumer side has been"}, {"start": "00:02:48", "end": "00:02:53", "text": "an issue. Now, historically, when"}, {"start": "00:02:50", "end": "00:02:55", "text": "consumer stocks are going down, that"}, {"start": "00:02:53", "end": "00:02:56", "text": "means inside the market, we're starting"}, {"start": "00:02:55", "end": "00:02:58", "text": "to say the economy is going to weaken."}, {"start": "00:02:56", "end": "00:03:00", "text": "And again, that's on the back of rates"}, {"start": "00:02:58", "end": "00:03:03", "text": "moving higher and oil moving higher. And"}, {"start": "00:03:00", "end": "00:03:05", "text": "we have a very exhausted situation. And"}, {"start": "00:03:03", "end": "00:03:08", "text": "I mentioned this last week and I did for"}, {"start": "00:03:05", "end": "00:03:10", "text": "my subscribers uh a Tuesday video just"}, {"start": "00:03:08", "end": "00:03:13", "text": "saying we're not only exhausted which"}, {"start": "00:03:10", "end": "00:03:15", "text": "means the market has on the"}, {"start": "00:03:13", "end": "00:03:19", "text": "semiconductors has reached an all-time"}, {"start": "00:03:15", "end": "00:03:22", "text": "high but it is so stretched relative to"}, {"start": "00:03:19", "end": "00:03:25", "text": "every metric you can. It's kind of like"}, {"start": "00:03:22", "end": "00:03:26", "text": "going a year without rain in California"}, {"start": "00:03:25", "end": "00:03:28", "text": "and being in one of those hills where"}, {"start": "00:03:26", "end": "00:03:29", "text": "all it takes is a match and all of a"}, {"start": "00:03:28", "end": "00:03:32", "text": "sudden things go. And this week we"}, {"start": "00:03:29", "end": "00:03:35", "text": "started to see a lot of signs that uh"}, {"start": "00:03:32", "end": "00:03:38", "text": "semiconductors are at risk uh especially"}, {"start": "00:03:35", "end": "00:03:40", "text": "memory prices. And my gut tells me"}, {"start": "00:03:38", "end": "00:03:42", "text": "because I've been waiting for this"}, {"start": "00:03:40", "end": "00:03:45", "text": "inflation regime uh that we're in it"}, {"start": "00:03:42", "end": "00:03:48", "text": "now. Uh a lot of people didn't buy into"}, {"start": "00:03:45", "end": "00:03:50", "text": "it or they kind of became you know not"}, {"start": "00:03:48", "end": "00:03:52", "text": "caring about it. But I think Iran is now"}, {"start": "00:03:50", "end": "00:03:54", "text": "starting to have an impact. And I find"}, {"start": "00:03:52", "end": "00:03:56", "text": "it highly unlikely unless oil were to"}, {"start": "00:03:54", "end": "00:03:58", "text": "collapse, which is not going to happen,"}, {"start": "00:03:56", "end": "00:04:00", "text": "that the consumer names are going to get"}, {"start": "00:03:58", "end": "00:04:02", "text": "a reprieve from either lower rates cuz"}, {"start": "00:04:00", "end": "00:04:05", "text": "we have now hikes being built in. Oil"}, {"start": "00:04:02", "end": "00:04:07", "text": "prices are not coming down anytime soon"}, {"start": "00:04:05", "end": "00:04:09", "text": "in a meaningful way. Uh and then we have"}, {"start": "00:04:07", "end": "00:04:10", "text": "the back end of the year which people"}, {"start": "00:04:09", "end": "00:04:12", "text": "are going to have to deal with food"}, {"start": "00:04:10", "end": "00:04:14", "text": "prices and we got bad news on the food"}, {"start": "00:04:12", "end": "00:04:16", "text": "situation this week with a horrible"}, {"start": "00:04:14", "end": "00:04:20", "text": "report on kind of the spring season"}, {"start": "00:04:16", "end": "00:04:21", "text": "already uh in terms of the crop report."}, {"start": "00:04:20", "end": "00:04:22", "text": "We're going to have higher food prices"}, {"start": "00:04:21", "end": "00:04:24", "text": "in the second half of the year. So I"}, {"start": "00:04:22", "end": "00:04:27", "text": "think the market is digesting and right"}, {"start": "00:04:24", "end": "00:04:28", "text": "now the overbought exhausted things uh"}, {"start": "00:04:27", "end": "00:04:31", "text": "look like they're losing the fight right"}, {"start": "00:04:28", "end": "00:04:33", "text": "now. Now, Scott Besson, the Treasury"}, {"start": "00:04:31", "end": "00:04:35", "text": "Secretary, when he was in China, he gave"}, {"start": "00:04:33", "end": "00:04:37", "text": "an interview to CNBC and he says that uh"}, {"start": "00:04:35", "end": "00:04:39", "text": "once the Iran wars ended, he thinks that"}, {"start": "00:04:37", "end": "00:04:42", "text": "energy and oil prices will come down and"}, {"start": "00:04:39", "end": "00:04:44", "text": "therefore inflation will subside. Uh"}, {"start": "00:04:42", "end": "00:04:45", "text": "dare I say, he was hinting at the idea"}, {"start": "00:04:44", "end": "00:04:48", "text": "that inflation will be transitory,"}, {"start": "00:04:45", "end": "00:04:51", "text": "although he did not use those terms. Um,"}, {"start": "00:04:48", "end": "00:04:53", "text": "do you think it is possible that energy"}, {"start": "00:04:51", "end": "00:04:55", "text": "prices could come down and inflation"}, {"start": "00:04:53", "end": "00:04:57", "text": "will come down or is there such a"}, {"start": "00:04:55", "end": "00:04:58", "text": "structural change both in the energy"}, {"start": "00:04:57", "end": "00:05:02", "text": "market and then therefore the the flow"}, {"start": "00:04:58", "end": "00:05:03", "text": "through to consumer inflation that your"}, {"start": "00:05:02", "end": "00:05:05", "text": "base case is that kind of higher level"}, {"start": "00:05:03", "end": "00:05:07", "text": "of equilibrium and we should brace for"}, {"start": "00:05:05", "end": "00:05:09", "text": "this to be like a two plus year uh"}, {"start": "00:05:07", "end": "00:05:11", "text": "exercise similar to the last time that"}, {"start": "00:05:09", "end": "00:05:14", "text": "inflation flared up."}, {"start": "00:05:11", "end": "00:05:16", "text": "Well, first of all, um Scott Besson is"}, {"start": "00:05:14", "end": "00:05:20", "text": "talking his book, obviously. Um this is"}, {"start": "00:05:16", "end": "00:05:22", "text": "a major bet that they've made. The"}, {"start": "00:05:20", "end": "00:05:25", "text": "midterms are coming up. So, they want"}, {"start": "00:05:22", "end": "00:05:28", "text": "this to go down, but when you um start a"}, {"start": "00:05:25", "end": "00:05:30", "text": "conflict and you've got a chokeold place"}, {"start": "00:05:28", "end": "00:05:33", "text": "like the Straight of Hormuz, you don't"}, {"start": "00:05:30", "end": "00:05:36", "text": "get to choose when it ends. Um that is a"}, {"start": "00:05:33", "end": "00:05:38", "text": "negotiation. And uh anyone who's been in"}, {"start": "00:05:36", "end": "00:05:41", "text": "any kind of negotiation, there's two"}, {"start": "00:05:38", "end": "00:05:43", "text": "sides to a negotiation. and making oil"}, {"start": "00:05:41", "end": "00:05:46", "text": "go back down is not something that they"}, {"start": "00:05:43", "end": "00:05:48", "text": "have complete control over. Um, on the"}, {"start": "00:05:46", "end": "00:05:50", "text": "second point, see this is the problem"}, {"start": "00:05:48", "end": "00:05:52", "text": "with inflation and this is why, you"}, {"start": "00:05:50", "end": "00:05:55", "text": "know, I I spoke out against true"}, {"start": "00:05:52", "end": "00:05:57", "text": "inflation. I spoke out against it."}, {"start": "00:05:55", "end": "00:05:59", "text": "Your view on inflation and what's gone"}, {"start": "00:05:57", "end": "00:06:02", "text": "down. We just saw a CPI coming in at 6"}, {"start": "00:05:59", "end": "00:06:04", "text": "last month was 0.9. It's down. That"}, {"start": "00:06:02", "end": "00:06:07", "text": "doesn't matter. What matters is where is"}, {"start": "00:06:04", "end": "00:06:09", "text": "headline inflation relative to what"}, {"start": "00:06:07", "end": "00:06:11", "text": "people expected. People did not expect"}, {"start": "00:06:09", "end": "00:06:14", "text": "inflation to go higher in the market."}, {"start": "00:06:11", "end": "00:06:17", "text": "You cannot buy stocks at at without any"}, {"start": "00:06:14", "end": "00:06:18", "text": "risk and believe that if inflation goes"}, {"start": "00:06:17", "end": "00:06:19", "text": "higher and rates go higher that it's not"}, {"start": "00:06:18", "end": "00:06:21", "text": "going to have an impact on the market."}, {"start": "00:06:19", "end": "00:06:23", "text": "That's just not true. If inflation does"}, {"start": "00:06:21", "end": "00:06:24", "text": "go higher than expected and that's"}, {"start": "00:06:23", "end": "00:06:27", "text": "what's starting to happen. We not only"}, {"start": "00:06:24", "end": "00:06:30", "text": "have the CPI this month uh this week, we"}, {"start": "00:06:27", "end": "00:06:32", "text": "had PPI which surprised on the upside,"}, {"start": "00:06:30", "end": "00:06:34", "text": "but most importantly we had the import"}, {"start": "00:06:32", "end": "00:06:35", "text": "price inflation which was really the"}, {"start": "00:06:34", "end": "00:06:37", "text": "leading part of this. This started"}, {"start": "00:06:35", "end": "00:06:39", "text": "before the war. A lot of the inflation"}, {"start": "00:06:37", "end": "00:06:41", "text": "data started before the war. So I live"}, {"start": "00:06:39", "end": "00:06:44", "text": "in a world of facts. I don't live in in"}, {"start": "00:06:41", "end": "00:06:47", "text": "jawbon and you know backtesting models"}, {"start": "00:06:44", "end": "00:06:49", "text": "to to look at things. I'm listening to"}, {"start": "00:06:47", "end": "00:06:50", "text": "investors and I'm going through what the"}, {"start": "00:06:49", "end": "00:06:52", "text": "surprise would be. And I'm looking at"}, {"start": "00:06:50", "end": "00:06:55", "text": "the charts. The rates charts are kind of"}, {"start": "00:06:52", "end": "00:06:56", "text": "scary. Um part of the reason that I said"}, {"start": "00:06:55", "end": "00:06:59", "text": "we're going into a regime shift is"}, {"start": "00:06:56", "end": "00:07:01", "text": "because we now have threemon bills"}, {"start": "00:06:59", "end": "00:07:03", "text": "sitting at 369 and year-over-year"}, {"start": "00:07:01", "end": "00:07:05", "text": "inflation currently is 3.8. That number"}, {"start": "00:07:03", "end": "00:07:07", "text": "is going higher. And even if we get a"}, {"start": "00:07:05", "end": "00:07:10", "text": "0.5 number next month in the month"}, {"start": "00:07:07", "end": "00:07:12", "text": "overmonth number, if we keep putting in"}, {"start": "00:07:10", "end": "00:07:15", "text": "0.5s, 0.5s over the course of 12 months"}, {"start": "00:07:12", "end": "00:07:17", "text": "get you above 6%. And that's"}, {"start": "00:07:15", "end": "00:07:19", "text": "year-over-year. So you have to be"}, {"start": "00:07:17", "end": "00:07:20", "text": "careful of inflation about a what"}, {"start": "00:07:19", "end": "00:07:22", "text": "they're saying and secondly what's going"}, {"start": "00:07:20", "end": "00:07:25", "text": "to happen. There was a Supreme Court"}, {"start": "00:07:22", "end": "00:07:27", "text": "ruling yesterday on the trucking"}, {"start": "00:07:25", "end": "00:07:29", "text": "industry. Uh I'm going to go through"}, {"start": "00:07:27", "end": "00:07:30", "text": "this over the weekend. This is really"}, {"start": "00:07:29", "end": "00:07:32", "text": "important because this is something that"}, {"start": "00:07:30", "end": "00:07:34", "text": "had started in the courts with the Biden"}, {"start": "00:07:32", "end": "00:07:36", "text": "administration. Uh, and you had a"}, {"start": "00:07:34", "end": "00:07:38", "text": "unanimous decision in the courts. When's"}, {"start": "00:07:36", "end": "00:07:40", "text": "the last time we had a unanimous"}, {"start": "00:07:38", "end": "00:07:42", "text": "decision in the Supreme Court? And this"}, {"start": "00:07:40", "end": "00:07:45", "text": "was about effectively trucking"}, {"start": "00:07:42", "end": "00:07:48", "text": "companies, the brokers, needing to make"}, {"start": "00:07:45", "end": "00:07:50", "text": "sure that who they're directing business"}, {"start": "00:07:48", "end": "00:07:52", "text": "to that"}, {"start": "00:07:50", "end": "00:07:54", "text": "they're liable for if people don't have"}, {"start": "00:07:52", "end": "00:07:56", "text": "insurance or if people So, it really"}, {"start": "00:07:54", "end": "00:07:58", "text": "kind of gets into the underground market"}, {"start": "00:07:56", "end": "00:07:59", "text": "of trucking, which is going to limit"}, {"start": "00:07:58", "end": "00:08:01", "text": "capacity. The reason I'm bringing up"}, {"start": "00:07:59", "end": "00:08:02", "text": "this up is we have diesel prices through"}, {"start": "00:08:01", "end": "00:08:05", "text": "the roof. Now you're going to have less"}, {"start": "00:08:02", "end": "00:08:07", "text": "capacity in trucks. This country runs on"}, {"start": "00:08:05", "end": "00:08:09", "text": "the trucking side and rates are already"}, {"start": "00:08:07", "end": "00:08:12", "text": "going higher. This is why anyone arguing"}, {"start": "00:08:09", "end": "00:08:13", "text": "that inflation is not going higher. I"}, {"start": "00:08:12", "end": "00:08:15", "text": "just don't find it credible that you can"}, {"start": "00:08:13", "end": "00:08:18", "text": "ignore semiconductors. You can ignore"}, {"start": "00:08:15", "end": "00:08:20", "text": "memory prices, CPUs, bottlenecks in"}, {"start": "00:08:18", "end": "00:08:23", "text": "transformers, gas turbines. We have a"}, {"start": "00:08:20", "end": "00:08:24", "text": "bottleneck supply shortage situation"}, {"start": "00:08:23", "end": "00:08:26", "text": "which is coming because the"}, {"start": "00:08:24", "end": "00:08:28", "text": "administration decided last year they"}, {"start": "00:08:26", "end": "00:08:31", "text": "wanted to run this thing hot. This is"}, {"start": "00:08:28", "end": "00:08:33", "text": "all part of debasement. If we have"}, {"start": "00:08:31", "end": "00:08:35", "text": "inflation running higher, that means"}, {"start": "00:08:33", "end": "00:08:37", "text": "nominal GDP runs higher than interest"}, {"start": "00:08:35", "end": "00:08:38", "text": "rates. Well, that's how you get out of a"}, {"start": "00:08:37", "end": "00:08:40", "text": "debt problem. That's one of the ways"}, {"start": "00:08:38", "end": "00:08:42", "text": "that you do it. And I think that's the"}, {"start": "00:08:40", "end": "00:08:44", "text": "attempt. The issue is going to be now"}, {"start": "00:08:42", "end": "00:08:45", "text": "that rates are pushing higher, we start"}, {"start": "00:08:44", "end": "00:08:48", "text": "to worry about the debt again because"}, {"start": "00:08:45", "end": "00:08:51", "text": "interest expense is now $1.2 trillion a"}, {"start": "00:08:48", "end": "00:08:52", "text": "year on the expense side. Even with"}, {"start": "00:08:51", "end": "00:08:54", "text": "rates at these levels, they're not in a"}, {"start": "00:08:52", "end": "00:08:55", "text": "position to be able to raise rates. And"}, {"start": "00:08:54", "end": "00:08:56", "text": "even if they were, how much are they"}, {"start": "00:08:55", "end": "00:08:59", "text": "going to raise them? Is that going to"}, {"start": "00:08:56", "end": "00:09:01", "text": "stop inflation? No. because I do agree"}, {"start": "00:08:59", "end": "00:09:03", "text": "it's transitory just like the last one"}, {"start": "00:09:01", "end": "00:09:06", "text": "was transitory. The question is how long"}, {"start": "00:09:03", "end": "00:09:08", "text": "is transitory and if we go another six"}, {"start": "00:09:06", "end": "00:09:11", "text": "months of year-over-year CPI going"}, {"start": "00:09:08", "end": "00:09:12", "text": "higher. I think in that environment the"}, {"start": "00:09:11", "end": "00:09:13", "text": "market's going to have trouble. It's"}, {"start": "00:09:12", "end": "00:09:15", "text": "going to be pressing on the rate"}, {"start": "00:09:13", "end": "00:09:19", "text": "situation. And just remember the worst"}, {"start": "00:09:15", "end": "00:09:22", "text": "of last year post liberation day was"}, {"start": "00:09:19", "end": "00:09:24", "text": "when we had stocks, bonds and the dollar"}, {"start": "00:09:22", "end": "00:09:27", "text": "going down. I think people have to start"}, {"start": "00:09:24", "end": "00:09:29", "text": "worrying that maybe again we haven't had"}, {"start": "00:09:27", "end": "00:09:31", "text": "a correction now again in since we've"}, {"start": "00:09:29", "end": "00:09:33", "text": "had this massive rally. I think for"}, {"start": "00:09:31", "end": "00:09:36", "text": "semiconductors we're going to start to"}, {"start": "00:09:33", "end": "00:09:38", "text": "see some issues pop up uh where going to"}, {"start": "00:09:36", "end": "00:09:39", "text": "have to have some profit taking and then"}, {"start": "00:09:38", "end": "00:09:41", "text": "on the flip side I just think we're"}, {"start": "00:09:39", "end": "00:09:43", "text": "going to be dealing with inflation for"}, {"start": "00:09:41", "end": "00:09:44", "text": "longer than people think. Now what I"}, {"start": "00:09:43", "end": "00:09:47", "text": "find very interesting is if you look at"}, {"start": "00:09:44", "end": "00:09:48", "text": "the true inflation uh chart forget for a"}, {"start": "00:09:47", "end": "00:09:51", "text": "second the number just the direction of"}, {"start": "00:09:48", "end": "00:09:53", "text": "travel uh into the beginning of this"}, {"start": "00:09:51", "end": "00:09:55", "text": "year there was a significant draw down I"}, {"start": "00:09:53", "end": "00:09:57", "text": "think we saw that then in the CPI metric"}, {"start": "00:09:55", "end": "00:09:59", "text": "as well there was this draw down um we"}, {"start": "00:09:57", "end": "00:10:01", "text": "also to your point uh saw the stock"}, {"start": "00:09:59", "end": "00:10:03", "text": "market a couple of weeks after that draw"}, {"start": "00:10:01", "end": "00:10:05", "text": "down so you kind of had everything"}, {"start": "00:10:03", "end": "00:10:07", "text": "saying hey there is liquidity there is"}, {"start": "00:10:05", "end": "00:10:10", "text": "inflation coming down there is this"}, {"start": "00:10:07", "end": "00:10:12", "text": "headwind of kind of deflationary forces"}, {"start": "00:10:10", "end": "00:10:14", "text": "I think that now what we have seen is we"}, {"start": "00:10:12", "end": "00:10:17", "text": "saw through inflation literally like a"}, {"start": "00:10:14", "end": "00:10:20", "text": "V-shaped recovery in the inflation uh"}, {"start": "00:10:17", "end": "00:10:22", "text": "data. CPI 100% is going higher and and"}, {"start": "00:10:20", "end": "00:10:24", "text": "has gone higher. Um and then you have"}, {"start": "00:10:22", "end": "00:10:26", "text": "the stock market which has rallied you"}, {"start": "00:10:24", "end": "00:10:28", "text": "know very aggressively off the bottom."}, {"start": "00:10:26", "end": "00:10:31", "text": "Uh probably the second best recovery in"}, {"start": "00:10:28", "end": "00:10:33", "text": "you know 70 years or so. I think one of"}, {"start": "00:10:31", "end": "00:10:36", "text": "the aspects that becomes very"}, {"start": "00:10:33", "end": "00:10:38", "text": "interesting is most people especially in"}, {"start": "00:10:36", "end": "00:10:41", "text": "the Bitcoin world would say higher"}, {"start": "00:10:38", "end": "00:10:44", "text": "inflation means that inflation both hits"}, {"start": "00:10:41", "end": "00:10:46", "text": "the consumer but it pushes asset prices"}, {"start": "00:10:44", "end": "00:10:48", "text": "up as well. Now I think if I go and I"}, {"start": "00:10:46", "end": "00:10:50", "text": "talk to people on Wall Street what they"}, {"start": "00:10:48", "end": "00:10:53", "text": "will say is some version of yes that's"}, {"start": "00:10:50", "end": "00:10:55", "text": "true but markets are forward-looking and"}, {"start": "00:10:53", "end": "00:10:56", "text": "if inflation goes higher and asset"}, {"start": "00:10:55", "end": "00:10:58", "text": "prices get ahead of themselves that"}, {"start": "00:10:56", "end": "00:10:59", "text": "means the Fed is going to be forced to"}, {"start": "00:10:58", "end": "00:11:01", "text": "raise rates which then means there's a"}, {"start": "00:10:59", "end": "00:11:03", "text": "headwind and so they're maybe a little"}, {"start": "00:11:01", "end": "00:11:05", "text": "bit more cautious about responding to"}, {"start": "00:11:03", "end": "00:11:07", "text": "that higher inflation and potential"}, {"start": "00:11:05", "end": "00:11:08", "text": "asset appreciation. How do you look at"}, {"start": "00:11:07", "end": "00:11:10", "text": "that balance? because we know inflation"}, {"start": "00:11:08", "end": "00:11:12", "text": "does drive asset prices, but I think"}, {"start": "00:11:10", "end": "00:11:14", "text": "that what you're talking about here is"}, {"start": "00:11:12", "end": "00:11:15", "text": "like, but if we get that, then the Fed"}, {"start": "00:11:14", "end": "00:11:16", "text": "will have to cut or excuse me, raise"}, {"start": "00:11:15", "end": "00:11:20", "text": "rates and that could be actually a"}, {"start": "00:11:16", "end": "00:11:22", "text": "headwind for asset prices."}, {"start": "00:11:20", "end": "00:11:24", "text": ">> There's one part of the puzzle that's"}, {"start": "00:11:22", "end": "00:11:25", "text": "missing, which is rates. Um, and the"}, {"start": "00:11:24", "end": "00:11:28", "text": "debt."}, {"start": "00:11:25", "end": "00:11:31", "text": "There is not a single time since the"}, {"start": "00:11:28", "end": "00:11:33", "text": "overprinting during COVID that when"}, {"start": "00:11:31", "end": "00:11:35", "text": "rates went higher, it wasn't bad for the"}, {"start": "00:11:33", "end": "00:11:37", "text": "market. At some point you reach a level"}, {"start": "00:11:35", "end": "00:11:39", "text": "where it starts to get bad for the"}, {"start": "00:11:37", "end": "00:11:41", "text": "market. And the reason is the interest"}, {"start": "00:11:39", "end": "00:11:43", "text": "expense starts going higher and the"}, {"start": "00:11:41", "end": "00:11:46", "text": "market starts going through the debt"}, {"start": "00:11:43", "end": "00:11:47", "text": "fears again. Remember markets are all"}, {"start": "00:11:46", "end": "00:11:49", "text": "about expectations and they're about"}, {"start": "00:11:47", "end": "00:11:51", "text": "earnings and they're about the earnings"}, {"start": "00:11:49", "end": "00:11:54", "text": "are great. We just had a a great"}, {"start": "00:11:51", "end": "00:11:57", "text": "earnings quarter. My best guess here is"}, {"start": "00:11:54", "end": "00:11:59", "text": "a lot of that was the front loing of the"}, {"start": "00:11:57", "end": "00:12:02", "text": "purchases of memory and semiconductor"}, {"start": "00:11:59", "end": "00:12:03", "text": "chips. Uh, you know, I'll be"}, {"start": "00:12:02", "end": "00:12:05", "text": "highlighting this weekend that the"}, {"start": "00:12:03", "end": "00:12:07", "text": "second derivative of memory has already"}, {"start": "00:12:05", "end": "00:12:10", "text": "shifted. We're not going up as fast in"}, {"start": "00:12:07", "end": "00:12:12", "text": "price as we were, which means they're"}, {"start": "00:12:10", "end": "00:12:14", "text": "going to have to do more volume. And"}, {"start": "00:12:12", "end": "00:12:17", "text": "this is where nominal GDP becomes"}, {"start": "00:12:14", "end": "00:12:18", "text": "important for people on earnings. I"}, {"start": "00:12:17", "end": "00:12:20", "text": "think you're going to see a sharp"}, {"start": "00:12:18", "end": "00:12:21", "text": "deceleration in the earnings growth,"}, {"start": "00:12:20", "end": "00:12:24", "text": "which shouldn't be a surprise. We just"}, {"start": "00:12:21", "end": "00:12:27", "text": "came in at 27 plus% year-over-year. So"}, {"start": "00:12:24", "end": "00:12:30", "text": "going down to even 15, it's a big drop"}, {"start": "00:12:27", "end": "00:12:32", "text": "off. When the market has had a big run"}, {"start": "00:12:30", "end": "00:12:33", "text": "and it's only a small portion of the"}, {"start": "00:12:32", "end": "00:12:36", "text": "market, it makes sense for things to"}, {"start": "00:12:33", "end": "00:12:37", "text": "kind of drift lower. But I do think"}, {"start": "00:12:36", "end": "00:12:39", "text": "people have to remember that when you"}, {"start": "00:12:37", "end": "00:12:41", "text": "have inflation moving higher and you"}, {"start": "00:12:39", "end": "00:12:43", "text": "have rates moving higher, you're in a"}, {"start": "00:12:41", "end": "00:12:46", "text": "different macro regime. And the question"}, {"start": "00:12:43", "end": "00:12:48", "text": "is, will the Fed raise rates? Now, I"}, {"start": "00:12:46", "end": "00:12:50", "text": "don't think they will, but every day"}, {"start": "00:12:48", "end": "00:12:52", "text": "that an inflation print goes higher,"}, {"start": "00:12:50", "end": "00:12:55", "text": "every day that you're feeling it, then"}, {"start": "00:12:52", "end": "00:12:56", "text": "this becomes an issue. Do we raise rates"}, {"start": "00:12:55", "end": "00:12:58", "text": "or do we not? And I think that"}, {"start": "00:12:56", "end": "00:13:00", "text": "uncertainty is what the market is going"}, {"start": "00:12:58", "end": "00:13:02", "text": "to be grappling with. And this will"}, {"start": "00:13:00", "end": "00:13:04", "text": "probably last, and I hate to say this,"}, {"start": "00:13:02", "end": "00:13:06", "text": "all the way into the midterms. Uh, at"}, {"start": "00:13:04", "end": "00:13:08", "text": "some point here, we were probably going"}, {"start": "00:13:06", "end": "00:13:11", "text": "to have uncertainty"}, {"start": "00:13:08", "end": "00:13:13", "text": "because people were hoping that Iran"}, {"start": "00:13:11", "end": "00:13:14", "text": "would just be over and the straight"}, {"start": "00:13:13", "end": "00:13:16", "text": "would open. Well, that's not happened."}, {"start": "00:13:14", "end": "00:13:19", "text": "And we have gone through inventories"}, {"start": "00:13:16", "end": "00:13:21", "text": "very very fast. And I want to make sure"}, {"start": "00:13:19", "end": "00:13:26", "text": "people know as someone who um doesn't"}, {"start": "00:13:21", "end": "00:13:28", "text": "believe that the doomers about oil uh"}, {"start": "00:13:26", "end": "00:13:30", "text": "should be listened to from the extent of"}, {"start": "00:13:28", "end": "00:13:32", "text": "the world's going to collapse like co."}, {"start": "00:13:30", "end": "00:13:35", "text": "It's not co but what they are absolutely"}, {"start": "00:13:32", "end": "00:13:37", "text": "right about is that two things are going"}, {"start": "00:13:35", "end": "00:13:39", "text": "to come out of this. Number one, any"}, {"start": "00:13:37", "end": "00:13:41", "text": "country in the world is worried about"}, {"start": "00:13:39", "end": "00:13:44", "text": "their inventory and their strategic"}, {"start": "00:13:41", "end": "00:13:47", "text": "petroleum reserve because Iran is not"}, {"start": "00:13:44", "end": "00:13:50", "text": "going away. So this stroke, this"}, {"start": "00:13:47", "end": "00:13:51", "text": "chokeold point, it matters. And whatever"}, {"start": "00:13:50", "end": "00:13:53", "text": "we're going to do to get around it,"}, {"start": "00:13:51", "end": "00:13:54", "text": "building new pipelines, moving stuff"}, {"start": "00:13:53", "end": "00:13:56", "text": "other places, that's going to take"}, {"start": "00:13:54", "end": "00:13:59", "text": "years. And so what you're left with is a"}, {"start": "00:13:56", "end": "00:14:01", "text": "scenario that it's not expected to be a"}, {"start": "00:13:59", "end": "00:14:02", "text": "big hurricane season, but let's assume a"}, {"start": "00:14:01", "end": "00:14:04", "text": "Katrina goes through the Gulf of Mexico."}, {"start": "00:14:02", "end": "00:14:06", "text": "Well, then you're going to have supply"}, {"start": "00:14:04", "end": "00:14:08", "text": "disruptions that last for a period of"}, {"start": "00:14:06", "end": "00:14:09", "text": "time. We don't have the inventories"}, {"start": "00:14:08", "end": "00:14:12", "text": "anymore the way we did around the globe."}, {"start": "00:14:09", "end": "00:14:13", "text": "So any point of the world that ends up"}, {"start": "00:14:12", "end": "00:14:15", "text": "having an oil or gas problem, it's going"}, {"start": "00:14:13", "end": "00:14:18", "text": "to matter 10 times as much as it did"}, {"start": "00:14:15", "end": "00:14:20", "text": "last year when we had excess supply. So"}, {"start": "00:14:18", "end": "00:14:22", "text": "you've got that issue that is going to"}, {"start": "00:14:20", "end": "00:14:23", "text": "be around now for the better part. And"}, {"start": "00:14:22", "end": "00:14:25", "text": "the other one is again, you're going to"}, {"start": "00:14:23", "end": "00:14:28", "text": "see every country hoarding. So I think"}, {"start": "00:14:25", "end": "00:14:30", "text": "people are underestimating how long"}, {"start": "00:14:28", "end": "00:14:32", "text": "energy prices are going to sit here. And"}, {"start": "00:14:30", "end": "00:14:34", "text": "if there's one part of the market at"}, {"start": "00:14:32", "end": "00:14:36", "text": "this stage that should benefit from the"}, {"start": "00:14:34", "end": "00:14:37", "text": "higher inflation situation, it is going"}, {"start": "00:14:36", "end": "00:14:40", "text": "to be energy stocks because they"}, {"start": "00:14:37", "end": "00:14:42", "text": "initially went higher with Iran. Believe"}, {"start": "00:14:40", "end": "00:14:44", "text": "it or not, they fell off and they've"}, {"start": "00:14:42", "end": "00:14:45", "text": "kind of not moved despite good earnings."}, {"start": "00:14:44", "end": "00:14:47", "text": "But I think you're going to see a"}, {"start": "00:14:45", "end": "00:14:49", "text": "rotation into energy stocks now over the"}, {"start": "00:14:47", "end": "00:14:52", "text": "course of the next month."}, {"start": "00:14:49", "end": "00:14:55", "text": ">> I um I think that we are at the uh uh"}, {"start": "00:14:52", "end": "00:14:57", "text": "the demarcation line, if you will. If"}, {"start": "00:14:55", "end": "00:14:59", "text": "the Iran war is not over in the next"}, {"start": "00:14:57", "end": "00:15:01", "text": "week or so, I think that there is"}, {"start": "00:14:59", "end": "00:15:03", "text": "serious risk of the midterms. I think"}, {"start": "00:15:01", "end": "00:15:04", "text": "cost of living will not come down. Like"}, {"start": "00:15:03", "end": "00:15:06", "text": "this is, you know, when you talk about"}, {"start": "00:15:04", "end": "00:15:09", "text": "if you go back and watch maybe the tapes"}, {"start": "00:15:06", "end": "00:15:11", "text": "of us talking back in February and into"}, {"start": "00:15:09", "end": "00:15:13", "text": "March, I think that we both were"}, {"start": "00:15:11", "end": "00:15:15", "text": "highlighting, look, if this is like a"}, {"start": "00:15:13", "end": "00:15:17", "text": "twoe exercise, that's a very different"}, {"start": "00:15:15", "end": "00:15:18", "text": "thing than if this is a prolonged"}, {"start": "00:15:17", "end": "00:15:20", "text": "monthsl long, you know, uh, kind of"}, {"start": "00:15:18", "end": "00:15:22", "text": "situation."}, {"start": "00:15:20", "end": "00:15:24", "text": "The problem with saying prolonged is"}, {"start": "00:15:22", "end": "00:15:25", "text": "it's kind of you know it's a there's no"}, {"start": "00:15:24", "end": "00:15:26", "text": "technical definition. So it could be you"}, {"start": "00:15:25", "end": "00:15:27", "text": "know what are we talking about? We"}, {"start": "00:15:26", "end": "00:15:29", "text": "talking about a couple weeks a couple"}, {"start": "00:15:27", "end": "00:15:32", "text": "months you know a couple years whatever."}, {"start": "00:15:29", "end": "00:15:34", "text": "It just feels like now is the point"}, {"start": "00:15:32", "end": "00:15:35", "text": "where if it is not over I mean"}, {"start": "00:15:34", "end": "00:15:37", "text": "immediately"}, {"start": "00:15:35", "end": "00:15:38", "text": "the damage is going to be done right"}, {"start": "00:15:37", "end": "00:15:40", "text": "there's not it's not going to be easy to"}, {"start": "00:15:38", "end": "00:15:42", "text": "get inflation back down etc. And so that"}, {"start": "00:15:40", "end": "00:15:44", "text": "begs the question, um I'm sure you've"}, {"start": "00:15:42", "end": "00:15:47", "text": "seen the charts of uh you know what is"}, {"start": "00:15:44", "end": "00:15:48", "text": "the 80s where inflation peaks, it comes"}, {"start": "00:15:47", "end": "00:15:49", "text": "crashing down and you almost get like a"}, {"start": "00:15:48", "end": "00:15:51", "text": "double top."}, {"start": "00:15:49", "end": "00:15:53", "text": ">> Is that your general thought process is"}, {"start": "00:15:51", "end": "00:15:56", "text": "that we get a repeat of that kind of"}, {"start": "00:15:53", "end": "00:15:59", "text": "double top and we could see inflation go"}, {"start": "00:15:56", "end": "00:16:01", "text": "as high as you know 8 9% in America."}, {"start": "00:15:59", "end": "00:16:04", "text": ">> Is it possible? Yes. Do I think it'll"}, {"start": "00:16:01", "end": "00:16:06", "text": "happen? No. Um remember in the first"}, {"start": "00:16:04", "end": "00:16:10", "text": "inflation wave it it it was everything."}, {"start": "00:16:06", "end": "00:16:12", "text": "So it was uh it was core inflation as"}, {"start": "00:16:10", "end": "00:16:13", "text": "well. The differences this time and the"}, {"start": "00:16:12", "end": "00:16:15", "text": "reason I I don't expect it to be that"}, {"start": "00:16:13", "end": "00:16:18", "text": "way and the reason well let me start"}, {"start": "00:16:15", "end": "00:16:20", "text": "with the reason why not um we also got"}, {"start": "00:16:18", "end": "00:16:22", "text": "numbers on wage pressure this week and"}, {"start": "00:16:20", "end": "00:16:26", "text": "wage pressure is at the lowest point"}, {"start": "00:16:22", "end": "00:16:29", "text": "back in 2021 and 2022 wage pressure was"}, {"start": "00:16:26", "end": "00:16:31", "text": "at the highest point. I mean, I wrote in"}, {"start": "00:16:29", "end": "00:16:35", "text": "my paper this week on running hot into"}, {"start": "00:16:31", "end": "00:16:37", "text": "scarcity that I mean, it was tough to"}, {"start": "00:16:35", "end": "00:16:39", "text": "get people back from yoloing. Like, this"}, {"start": "00:16:37", "end": "00:16:41", "text": "is a completely different world and"}, {"start": "00:16:39", "end": "00:16:43", "text": "wages matter a lot because that's what"}, {"start": "00:16:41", "end": "00:16:45", "text": "people can pay with. So, we're just"}, {"start": "00:16:43", "end": "00:16:46", "text": "we're seeing expenditures get cut. And"}, {"start": "00:16:45", "end": "00:16:50", "text": "this is why the stock market, you know,"}, {"start": "00:16:46", "end": "00:16:53", "text": "I talk about it all the time. Um, ECRI,"}, {"start": "00:16:50", "end": "00:16:56", "text": "which is a a very um important uh group"}, {"start": "00:16:53", "end": "00:16:58", "text": "in my life. When I was in Brazil, I"}, {"start": "00:16:56", "end": "00:17:01", "text": "started to study uh economic cycle and"}, {"start": "00:16:58", "end": "00:17:03", "text": "ECRI stands for economic cycle research"}, {"start": "00:17:01", "end": "00:17:06", "text": "institute. They do phenomenal work and"}, {"start": "00:17:03", "end": "00:17:08", "text": "they recently um came out and said that"}, {"start": "00:17:06", "end": "00:17:11", "text": "they have a longleading inflation signal"}, {"start": "00:17:08", "end": "00:17:12", "text": "and that says to me we could get back up"}, {"start": "00:17:11", "end": "00:17:15", "text": "especially with the AI shortages that"}, {"start": "00:17:12", "end": "00:17:18", "text": "are happening. I just don't think people"}, {"start": "00:17:15", "end": "00:17:20", "text": "fully grasp how important oil is across"}, {"start": "00:17:18", "end": "00:17:22", "text": "prochemicals and like how many things it"}, {"start": "00:17:20", "end": "00:17:25", "text": "just impacts our life. you're going to"}, {"start": "00:17:22", "end": "00:17:27", "text": "have elevated inflation but for services"}, {"start": "00:17:25", "end": "00:17:29", "text": "and for a lot of things related to the"}, {"start": "00:17:27", "end": "00:17:31", "text": "economy we have a good portion of the"}, {"start": "00:17:29", "end": "00:17:33", "text": "economy which is not healthy and so when"}, {"start": "00:17:31", "end": "00:17:36", "text": "you look at the stock market and the way"}, {"start": "00:17:33", "end": "00:17:39", "text": "I replaced ECRI from the way they do um"}, {"start": "00:17:36", "end": "00:17:41", "text": "economic data points is I used assets so"}, {"start": "00:17:39", "end": "00:17:43", "text": "when I say breath is bad and I tell you"}, {"start": "00:17:41", "end": "00:17:45", "text": "the housing stuff is horrible and the"}, {"start": "00:17:43", "end": "00:17:47", "text": "consumer uh restaurant stuff is horrible"}, {"start": "00:17:45", "end": "00:17:49", "text": "and I go through all of these different"}, {"start": "00:17:47", "end": "00:17:52", "text": "things the stock market is telling you"}, {"start": "00:17:49", "end": "00:17:55", "text": "the economy is not rate in a very very"}, {"start": "00:17:52", "end": "00:17:57", "text": "important part which is consumption."}, {"start": "00:17:55", "end": "00:17:58", "text": "It's not going to go to a recession but"}, {"start": "00:17:57", "end": "00:18:00", "text": "I think it says to your point with the"}, {"start": "00:17:58", "end": "00:18:02", "text": "midterms that this is going to be an"}, {"start": "00:18:00", "end": "00:18:07", "text": "issue. Now you made a comment and I just"}, {"start": "00:18:02", "end": "00:18:09", "text": "want to make people uh realize this."}, {"start": "00:18:07", "end": "00:18:12", "text": "You said if the war ends we haven't had"}, {"start": "00:18:09", "end": "00:18:14", "text": "bombing there's no war right now. This"}, {"start": "00:18:12", "end": "00:18:18", "text": "is actually something much much worse."}, {"start": "00:18:14", "end": "00:18:21", "text": "This is a strategic game of controlling"}, {"start": "00:18:18", "end": "00:18:23", "text": "a straight which is responsible for a"}, {"start": "00:18:21", "end": "00:18:26", "text": "very high percentage of all the world's"}, {"start": "00:18:23", "end": "00:18:27", "text": "oil. And if it never resumes again,"}, {"start": "00:18:26", "end": "00:18:29", "text": "we'll start running out of stuff, guys."}, {"start": "00:18:27", "end": "00:18:31", "text": "Like that's plain and simple. That's why"}, {"start": "00:18:29", "end": "00:18:34", "text": "the doomers have basically talked about"}, {"start": "00:18:31", "end": "00:18:36", "text": "how bad this situation is. They are 100%"}, {"start": "00:18:34", "end": "00:18:38", "text": "right that if this extends and keeps"}, {"start": "00:18:36", "end": "00:18:40", "text": "going, you have to have demand"}, {"start": "00:18:38", "end": "00:18:43", "text": "destruction. Now, as of now, I'm sure"}, {"start": "00:18:40", "end": "00:18:45", "text": "there's been demand managing as opposed"}, {"start": "00:18:43", "end": "00:18:47", "text": "to destruction. The managing being"}, {"start": "00:18:45", "end": "00:18:50", "text": "countries can see it. I make jokes about"}, {"start": "00:18:47", "end": "00:18:51", "text": "this, but on X, you can go watch the"}, {"start": "00:18:50", "end": "00:18:54", "text": "boats not go through the straight like"}, {"start": "00:18:51", "end": "00:18:55", "text": "it's a video game. So, you couldn't do"}, {"start": "00:18:54", "end": "00:18:58", "text": "this 20 years ago or especially not"}, {"start": "00:18:55", "end": "00:19:00", "text": "during the 1970s. So, I think countries"}, {"start": "00:18:58", "end": "00:19:02", "text": "have prepared as best they can. They"}, {"start": "00:19:00", "end": "00:19:04", "text": "used up inventories. They've they've"}, {"start": "00:19:02", "end": "00:19:06", "text": "renegotiated where they're getting"}, {"start": "00:19:04", "end": "00:19:08", "text": "stuff. We've used pipelines we probably"}, {"start": "00:19:06", "end": "00:19:09", "text": "weren't using to full capacity, but"}, {"start": "00:19:08", "end": "00:19:12", "text": "we're still draining inventories and"}, {"start": "00:19:09", "end": "00:19:14", "text": "those data points are showing up. So, I"}, {"start": "00:19:12", "end": "00:19:15", "text": "think you're right. If this doesn't get"}, {"start": "00:19:14", "end": "00:19:17", "text": "um if we don't get the straight reopen,"}, {"start": "00:19:15", "end": "00:19:19", "text": "forget the war. If the straight isn't"}, {"start": "00:19:17", "end": "00:19:20", "text": "completely reopened, which I see very"}, {"start": "00:19:19", "end": "00:19:23", "text": "little chance of happening in the near"}, {"start": "00:19:20", "end": "00:19:24", "text": "term, uh you're left with a situation"}, {"start": "00:19:23", "end": "00:19:26", "text": "that I think people should expect higher"}, {"start": "00:19:24", "end": "00:19:29", "text": "inflation. I don't think it's going back"}, {"start": "00:19:26", "end": "00:19:31", "text": "up to the peaks that we were, but it"}, {"start": "00:19:29", "end": "00:19:34", "text": "doesn't take much to make that happen."}, {"start": "00:19:31", "end": "00:19:37", "text": "So, I want to um maybe expand our view"}, {"start": "00:19:34", "end": "00:19:38", "text": "of the energy market. Uh obviously, the"}, {"start": "00:19:37", "end": "00:19:40", "text": "straight is very important as you're"}, {"start": "00:19:38", "end": "00:19:42", "text": "highlighting, but there's other chess"}, {"start": "00:19:40", "end": "00:19:43", "text": "pieces on the board that are all being"}, {"start": "00:19:42", "end": "00:19:44", "text": "moved at the same time. And I think on"}, {"start": "00:19:43", "end": "00:19:45", "text": "one hand, this is intellectually"}, {"start": "00:19:44", "end": "00:19:47", "text": "stimulating for a lot of people thinking"}, {"start": "00:19:45", "end": "00:19:50", "text": "about this. Uh but it's very difficult"}, {"start": "00:19:47", "end": "00:19:52", "text": "to navigate for investors and for uh"}, {"start": "00:19:50", "end": "00:19:54", "text": "operators. And so the other two maybe"}, {"start": "00:19:52", "end": "00:19:57", "text": "chess pieces that I want to introduce to"}, {"start": "00:19:54", "end": "00:19:59", "text": "this conversation is Jensen Hang uh this"}, {"start": "00:19:57", "end": "00:20:03", "text": "past week said that he believes that the"}, {"start": "00:19:59", "end": "00:20:05", "text": "energy needs are 1,000x"}, {"start": "00:20:03", "end": "00:20:07", "text": "larger than what we currently have. He"}, {"start": "00:20:05", "end": "00:20:09", "text": "didn't say 10, he didn't say 100, he"}, {"start": "00:20:07", "end": "00:20:10", "text": "said a thousand. He doesn't usually"}, {"start": "00:20:09", "end": "00:20:12", "text": "strike me as somebody who is overly"}, {"start": "00:20:10", "end": "00:20:14", "text": "bombastic. So he says a thousand and"}, {"start": "00:20:12", "end": "00:20:16", "text": "it's really like 50. He tends to be, you"}, {"start": "00:20:14", "end": "00:20:19", "text": "know, he kind of says what he thinks."}, {"start": "00:20:16", "end": "00:20:22", "text": "And so a 1000x is a very large number."}, {"start": "00:20:19", "end": "00:20:25", "text": "the same time um we heard for the first"}, {"start": "00:20:22", "end": "00:20:27", "text": "time the anthropic CFO uh he went on"}, {"start": "00:20:25", "end": "00:20:29", "text": "Patrick Oshanaugh's invest like the best"}, {"start": "00:20:27", "end": "00:20:31", "text": "podcast and one he should do all the"}, {"start": "00:20:29", "end": "00:20:33", "text": "talking for anthropic going forward I"}, {"start": "00:20:31", "end": "00:20:36", "text": "think he was very articulate and very"}, {"start": "00:20:33", "end": "00:20:38", "text": "impressive um but two was he talked"}, {"start": "00:20:36", "end": "00:20:41", "text": "about this like cone of uncertainty and"}, {"start": "00:20:38", "end": "00:20:44", "text": "how if they buy too much compute and you"}, {"start": "00:20:41", "end": "00:20:46", "text": "know by proxy energy then they are dead"}, {"start": "00:20:44", "end": "00:20:48", "text": "and if they don't buy enough you know"}, {"start": "00:20:46", "end": "00:20:50", "text": "that's also bad and so it's basically"}, {"start": "00:20:48", "end": "00:20:52", "text": "this like moving Target and they talked"}, {"start": "00:20:50", "end": "00:20:54", "text": "about how every single day they were"}, {"start": "00:20:52", "end": "00:20:56", "text": "having a daily meeting about their"}, {"start": "00:20:54", "end": "00:20:58", "text": "compute purchases and energy and and all"}, {"start": "00:20:56", "end": "00:20:59", "text": "this stuff. And so the reason why I"}, {"start": "00:20:58", "end": "00:21:02", "text": "introduced those two chess pieces is"}, {"start": "00:20:59", "end": "00:21:05", "text": "like on one side you have supply being"}, {"start": "00:21:02", "end": "00:21:08", "text": "constricted at the exact same moment"}, {"start": "00:21:05", "end": "00:21:11", "text": "that you have demand exploding"}, {"start": "00:21:08", "end": "00:21:12", "text": "for all the AI energy needs etc. And so"}, {"start": "00:21:11", "end": "00:21:14", "text": "it almost takes what you were saying"}, {"start": "00:21:12", "end": "00:21:15", "text": "before and like supercharges it now when"}, {"start": "00:21:14", "end": "00:21:17", "text": "you realize it's not just one side of"}, {"start": "00:21:15", "end": "00:21:19", "text": "the equation. It's actually both supply"}, {"start": "00:21:17", "end": "00:21:22", "text": "and demand that are being affected."}, {"start": "00:21:19", "end": "00:21:24", "text": ">> Well, th this is what I've I show almost"}, {"start": "00:21:22", "end": "00:21:26", "text": "every week is the inflection point was"}, {"start": "00:21:24", "end": "00:21:29", "text": "November of last year when inference"}, {"start": "00:21:26", "end": "00:21:33", "text": "officially started as an agentic side."}, {"start": "00:21:29", "end": "00:21:36", "text": "So once Opus 4.5 came into existence."}, {"start": "00:21:33", "end": "00:21:40", "text": "I mean I'm down in in in Fort Lauderdale"}, {"start": "00:21:36", "end": "00:21:42", "text": "and I gave a speech on stage and that"}, {"start": "00:21:40", "end": "00:21:45", "text": "there was there was a geopolitical"}, {"start": "00:21:42", "end": "00:21:46", "text": "person. Um, in fact, I don't I don't"}, {"start": "00:21:45", "end": "00:21:48", "text": "know if you can get him on. I don't if"}, {"start": "00:21:46", "end": "00:21:52", "text": "he seems kind of expensive. Maybe you've"}, {"start": "00:21:48", "end": "00:21:55", "text": "had him on. Uh, John Citiles. Uh, he was"}, {"start": "00:21:52", "end": "00:21:58", "text": "fantastic. Um, fantastic. But he gave"}, {"start": "00:21:55", "end": "00:22:00", "text": "this long, let's say, 50inute"}, {"start": "00:21:58", "end": "00:22:02", "text": "presentation,"}, {"start": "00:22:00", "end": "00:22:03", "text": "which had my attention the entire time."}, {"start": "00:22:02", "end": "00:22:05", "text": "When someone with ADHD, that means"}, {"start": "00:22:03", "end": "00:22:07", "text": "you're doing a phenomenal job. My my"}, {"start": "00:22:05", "end": "00:22:10", "text": "limit's about 15 minutes. So, he went 50"}, {"start": "00:22:07", "end": "00:22:12", "text": "and I was I was engaged the entire time."}, {"start": "00:22:10", "end": "00:22:14", "text": "I'm just laughing that you said he"}, {"start": "00:22:12", "end": "00:22:16", "text": "seemed expensive. I need you to tell me"}, {"start": "00:22:14", "end": "00:22:17", "text": "later what that entails. How can I seem"}, {"start": "00:22:16", "end": "00:22:20", "text": "expensive?"}, {"start": "00:22:17", "end": "00:22:23", "text": ">> I I I I He seemed for his for his"}, {"start": "00:22:20", "end": "00:22:25", "text": "services, his speakings. He was great"}, {"start": "00:22:23", "end": "00:22:28", "text": "though. He what he did is he said this"}, {"start": "00:22:25", "end": "00:22:30", "text": "is the most important geomac point in 30"}, {"start": "00:22:28", "end": "00:22:34", "text": "years. And he was obviously relating"}, {"start": "00:22:30", "end": "00:22:36", "text": "going back to um Russia and kind of"}, {"start": "00:22:34", "end": "00:22:39", "text": "going through the cold war and where we"}, {"start": "00:22:36", "end": "00:22:42", "text": "ended up in in the '9s, the early '9s."}, {"start": "00:22:39", "end": "00:22:44", "text": "It matches up with my presentation where"}, {"start": "00:22:42", "end": "00:22:46", "text": "I say this is the most important"}, {"start": "00:22:44", "end": "00:22:49", "text": "inflection point not chat GPT release"}, {"start": "00:22:46", "end": "00:22:50", "text": "guys that was the democratization of AI"}, {"start": "00:22:49", "end": "00:22:52", "text": "but we had already had artificial"}, {"start": "00:22:50", "end": "00:22:55", "text": "intelligence this is just when we all"}, {"start": "00:22:52", "end": "00:22:57", "text": "got it the major point was when AI"}, {"start": "00:22:55", "end": "00:22:59", "text": "agents started to enter our lives when"}, {"start": "00:22:57", "end": "00:23:01", "text": "we actually be able to have action"}, {"start": "00:22:59", "end": "00:23:02", "text": "that's when co-work started that's"}, {"start": "00:23:01", "end": "00:23:04", "text": "really when code started to become"}, {"start": "00:23:02", "end": "00:23:06", "text": "something that you could use and"}, {"start": "00:23:04", "end": "00:23:08", "text": "everyone said now I'm using all of my"}, {"start": "00:23:06", "end": "00:23:10", "text": "code on this so that's when demand"}, {"start": "00:23:08", "end": "00:23:12", "text": "started to accelerate dramatically."}, {"start": "00:23:10", "end": "00:23:13", "text": "Nvidia did a deal with Gro at the end of"}, {"start": "00:23:12", "end": "00:23:15", "text": "the year because it's like, \"Oh my god,"}, {"start": "00:23:13", "end": "00:23:17", "text": "this is no longer about data centers."}, {"start": "00:23:15", "end": "00:23:18", "text": "This is about inference and we're not"}, {"start": "00:23:17", "end": "00:23:20", "text": "ready for this because you can't do this"}, {"start": "00:23:18", "end": "00:23:22", "text": "with GPUs. You actually need east west"}, {"start": "00:23:20", "end": "00:23:25", "text": "traffic.\" Oh my gosh. And so that's what"}, {"start": "00:23:22", "end": "00:23:27", "text": "he's talking about. I believe he he said"}, {"start": "00:23:25", "end": "00:23:29", "text": "a thousand times compute. And if he"}, {"start": "00:23:27", "end": "00:23:31", "text": "didn't say compute, he said energy. He"}, {"start": "00:23:29", "end": "00:23:33", "text": "meant compute. And the reason is compute"}, {"start": "00:23:31", "end": "00:23:35", "text": "is just broken down into two components."}, {"start": "00:23:33", "end": "00:23:39", "text": "It's energy and chips. So he's saying we"}, {"start": "00:23:35", "end": "00:23:40", "text": "need more tokens per watt. So the token"}, {"start": "00:23:39", "end": "00:23:42", "text": "needs have gone through the roof which"}, {"start": "00:23:40", "end": "00:23:44", "text": "means the watt needs have gone through"}, {"start": "00:23:42", "end": "00:23:46", "text": "the roof. And that's how you go from his"}, {"start": "00:23:44", "end": "00:23:49", "text": "comment of tokens per watt. Now we've"}, {"start": "00:23:46", "end": "00:23:51", "text": "had efficiency gains which allow us to"}, {"start": "00:23:49", "end": "00:23:52", "text": "deal with this with Blackwell which is"}, {"start": "00:23:51", "end": "00:23:54", "text": "more efficient and then Vera Rubin which"}, {"start": "00:23:52", "end": "00:23:56", "text": "is more efficient and then he's already"}, {"start": "00:23:54", "end": "00:23:58", "text": "working on the next gen to come out"}, {"start": "00:23:56", "end": "00:23:59", "text": "after that which is more efficient. So"}, {"start": "00:23:58", "end": "00:24:02", "text": "that means with these current setups,"}, {"start": "00:23:59", "end": "00:24:05", "text": "you actually get more efficiency for"}, {"start": "00:24:02", "end": "00:24:07", "text": "less power or the same amount of power,"}, {"start": "00:24:05", "end": "00:24:09", "text": "you get more tokens. So we're in that"}, {"start": "00:24:07", "end": "00:24:11", "text": "situation right now where demand is"}, {"start": "00:24:09", "end": "00:24:13", "text": "exploding. At the same time, the supply"}, {"start": "00:24:11", "end": "00:24:15", "text": "side is being met to some degree by the"}, {"start": "00:24:13", "end": "00:24:17", "text": "efficiency in the chips, but the only"}, {"start": "00:24:15", "end": "00:24:19", "text": "way that works. The Blackwells in Vera"}, {"start": "00:24:17", "end": "00:24:21", "text": "Rubin are very efficient, but they need"}, {"start": "00:24:19", "end": "00:24:22", "text": "to be plugged in. And this is my fear"}, {"start": "00:24:21", "end": "00:24:24", "text": "for the second half of the year is that"}, {"start": "00:24:22", "end": "00:24:26", "text": "all the bottlenecks we're seeing, all"}, {"start": "00:24:24", "end": "00:24:29", "text": "the regulatory pressures on the data"}, {"start": "00:24:26", "end": "00:24:31", "text": "centers, we're actually not going to get"}, {"start": "00:24:29", "end": "00:24:33", "text": "enough, not to have the AI progress"}, {"start": "00:24:31", "end": "00:24:36", "text": "continue, guys, cuz that's going to"}, {"start": "00:24:33", "end": "00:24:38", "text": "happen. But I think we're probably over"}, {"start": "00:24:36", "end": "00:24:40", "text": "orderering stuff right now. And this is"}, {"start": "00:24:38", "end": "00:24:42", "text": "why when I talk about the difference"}, {"start": "00:24:40", "end": "00:24:44", "text": "between a business credit cycle in the"}, {"start": "00:24:42", "end": "00:24:46", "text": "traditional fiat world where it's"}, {"start": "00:24:44", "end": "00:24:47", "text": "manufacturing for consumers where we"}, {"start": "00:24:46", "end": "00:24:49", "text": "don't have information between the two"}, {"start": "00:24:47", "end": "00:24:50", "text": "groups and you get out of balance and"}, {"start": "00:24:49", "end": "00:24:52", "text": "then the Fed needs to come in during a"}, {"start": "00:24:50", "end": "00:24:56", "text": "recession, we fire people blah blah"}, {"start": "00:24:52", "end": "00:24:58", "text": "blah. This this new world which I termed"}, {"start": "00:24:56", "end": "00:25:00", "text": "uh bubbles, parabas,"}, {"start": "00:24:58", "end": "00:25:02", "text": "and speed crashes, it's about"}, {"start": "00:25:00", "end": "00:25:04", "text": "bottlenecks and shortages. And I think"}, {"start": "00:25:02", "end": "00:25:07", "text": "we've overpurchased a lot of"}, {"start": "00:25:04", "end": "00:25:09", "text": "semiconductors because we wanted to make"}, {"start": "00:25:07", "end": "00:25:10", "text": "sure we were ahead of people. We didn't"}, {"start": "00:25:09", "end": "00:25:12", "text": "know what they were buying. So we bought"}, {"start": "00:25:10", "end": "00:25:14", "text": "everything. When I say we, the"}, {"start": "00:25:12", "end": "00:25:16", "text": "hyperscalers, they're just ordering and"}, {"start": "00:25:14", "end": "00:25:17", "text": "buying everything. The problem is if you"}, {"start": "00:25:16", "end": "00:25:19", "text": "don't have a place to plug them in, they"}, {"start": "00:25:17", "end": "00:25:20", "text": "just sit in your garage until you"}, {"start": "00:25:19", "end": "00:25:22", "text": "actually have the data centers built."}, {"start": "00:25:20", "end": "00:25:24", "text": "And I think we're going to be in a"}, {"start": "00:25:22", "end": "00:25:26", "text": "window here that will we'll show that at"}, {"start": "00:25:24", "end": "00:25:28", "text": "some point in the second half of the"}, {"start": "00:25:26", "end": "00:25:30", "text": "year. Today's episode is brought to you"}, {"start": "00:25:28", "end": "00:25:32", "text": "by Uphold. Are you someone who's tired"}, {"start": "00:25:30", "end": "00:25:34", "text": "of juggling multiple apps just to trade,"}, {"start": "00:25:32", "end": "00:25:36", "text": "earn, stake, or spend your crypto? Then"}, {"start": "00:25:34", "end": "00:25:39", "text": "listen up, because Uphold does all of"}, {"start": "00:25:36", "end": "00:25:41", "text": "that in one single unified platform. You"}, {"start": "00:25:39", "end": "00:25:43", "text": "can access 300 plus crypto and fiat"}, {"start": "00:25:41", "end": "00:25:44", "text": "currencies with an interface that works"}, {"start": "00:25:43", "end": "00:25:47", "text": "for you, whether you're a beginner or an"}, {"start": "00:25:44", "end": "00:25:50", "text": "expert. Uphold also features any to any"}, {"start": "00:25:47", "end": "00:25:52", "text": "swaps where you can swap crypto to fiat,"}, {"start": "00:25:50", "end": "00:25:54", "text": "fiat to metals, and tokens to tokens"}, {"start": "00:25:52", "end": "00:25:56", "text": "directly in the app. If you prefer"}, {"start": "00:25:54", "end": "00:25:58", "text": "self-custody, Uphold's vault gives you"}, {"start": "00:25:56", "end": "00:26:00", "text": "multi-stick security, key recovery,"}, {"start": "00:25:58", "end": "00:26:03", "text": "direct trading access, and peace of mind"}, {"start": "00:26:00", "end": "00:26:05", "text": "without giving up convenience. Uphold is"}, {"start": "00:26:03", "end": "00:26:07", "text": "also 100% reserved, meaning no"}, {"start": "00:26:05", "end": "00:26:09", "text": "fractional practices, and proof of"}, {"start": "00:26:07", "end": "00:26:11", "text": "reserves are updated every 30 seconds,"}, {"start": "00:26:09", "end": "00:26:13", "text": "so you can verify your assets anytime."}, {"start": "00:26:11", "end": "00:26:16", "text": "For US, you can even earn yield on"}, {"start": "00:26:13", "end": "00:26:18", "text": "dollars with the USD interest account."}, {"start": "00:26:16", "end": "00:26:20", "text": "No fees, no minimums, and funds are"}, {"start": "00:26:18", "end": "00:26:23", "text": "insured up to $2.5 million through the"}, {"start": "00:26:20", "end": "00:26:25", "text": "Atomic Cash Suite program. If you want"}, {"start": "00:26:23", "end": "00:26:28", "text": "one app for your entire digital asset"}, {"start": "00:26:25", "end": "00:26:30", "text": "life, check out upphold today. Go to"}, {"start": "00:26:28", "end": "00:26:34", "text": "upph uphold.com to learn more."}, {"start": "00:26:30", "end": "00:26:35", "text": "Uphold.com. Go check them out today."}, {"start": "00:26:34", "end": "00:26:37", "text": "Today's episode is brought to you by"}, {"start": "00:26:35", "end": "00:26:39", "text": "Arch Public. I absolutely love these"}, {"start": "00:26:37", "end": "00:26:41", "text": "guys. Arch Public is an agentic trading"}, {"start": "00:26:39", "end": "00:26:42", "text": "platform that automates the buying and"}, {"start": "00:26:41", "end": "00:26:44", "text": "selling of your preferred crypto"}, {"start": "00:26:42", "end": "00:26:46", "text": "strategies. Using sophisticated"}, {"start": "00:26:44", "end": "00:26:48", "text": "algorithms like the intelligence"}, {"start": "00:26:46", "end": "00:26:49", "text": "arbitrage and oracle protocols, Arch"}, {"start": "00:26:48", "end": "00:26:51", "text": "Public executes advanced automated"}, {"start": "00:26:49", "end": "00:26:53", "text": "crypto strategies fully customized to"}, {"start": "00:26:51", "end": "00:26:55", "text": "your goals. Is your aim to accumulate"}, {"start": "00:26:53", "end": "00:26:57", "text": "Bitcoin during market dips, generate"}, {"start": "00:26:55", "end": "00:27:00", "text": "profits from Ethereum volatility, or"}, {"start": "00:26:57", "end": "00:27:02", "text": "sell Salana or XRP in layers as it"}, {"start": "00:27:00", "end": "00:27:04", "text": "reclaims all-time highs? If so, Arch"}, {"start": "00:27:02", "end": "00:27:07", "text": "Public is built for you. Are you worried"}, {"start": "00:27:04", "end": "00:27:09", "text": "about doing it alone? No problem. Arch"}, {"start": "00:27:07", "end": "00:27:11", "text": "Public provides everyone, yes, everyone,"}, {"start": "00:27:09", "end": "00:27:14", "text": "with hands-on, dedicated support from"}, {"start": "00:27:11", "end": "00:27:16", "text": "their concierge team to help implement"}, {"start": "00:27:14", "end": "00:27:17", "text": "the strategy that you choose. As a"}, {"start": "00:27:16", "end": "00:27:19", "text": "preferred trading partner of Coinbase,"}, {"start": "00:27:17", "end": "00:27:21", "text": "Kraken, Robin Hood, and Gemini, Arch"}, {"start": "00:27:19", "end": "00:27:23", "text": "Public offers a proven track record of"}, {"start": "00:27:21", "end": "00:27:25", "text": "security and performance so that you can"}, {"start": "00:27:23", "end": "00:27:28", "text": "trade with confidence. Sign up today at"}, {"start": "00:27:25", "end": "00:27:31", "text": "archpub.com and start your automated"}, {"start": "00:27:28", "end": "00:27:33", "text": "trading strategy for free. No catch, no"}, {"start": "00:27:31", "end": "00:27:35", "text": "hidden fees, just smarter trading. Your"}, {"start": "00:27:33", "end": "00:27:39", "text": "crypto, your exchange, your profits."}, {"start": "00:27:35", "end": "00:27:43", "text": "Arch Public, go to archpub.com and tell"}, {"start": "00:27:39", "end": "00:27:46", "text": "them I sent you. How does all the um"}, {"start": "00:27:43", "end": "00:27:48", "text": "anti- data center movement, the"}, {"start": "00:27:46", "end": "00:27:49", "text": "protests, the uh these videos we keep"}, {"start": "00:27:48", "end": "00:27:52", "text": "seeing of people yelling and screaming"}, {"start": "00:27:49", "end": "00:27:56", "text": "at local community meetings. Um it seems"}, {"start": "00:27:52", "end": "00:27:58", "text": "like everyone wants the output of data"}, {"start": "00:27:56", "end": "00:28:01", "text": "centers. They want more videos and"}, {"start": "00:27:58", "end": "00:28:02", "text": "content and products and software and"}, {"start": "00:28:01", "end": "00:28:04", "text": "like all of that. Nobody is saying,"}, {"start": "00:28:02", "end": "00:28:06", "text": "\"Hey, we want less of that.\" But there"}, {"start": "00:28:04", "end": "00:28:08", "text": "are a growing number of people saying I"}, {"start": "00:28:06", "end": "00:28:10", "text": "just don't want the data center in my"}, {"start": "00:28:08", "end": "00:28:12", "text": "local community or in my backyard or you"}, {"start": "00:28:10", "end": "00:28:14", "text": "know down the street from my house. And"}, {"start": "00:28:12", "end": "00:28:16", "text": "so do you expect that to also be a"}, {"start": "00:28:14", "end": "00:28:19", "text": "headwind outside of just the actual like"}, {"start": "00:28:16", "end": "00:28:20", "text": "components and and power shortages etc."}, {"start": "00:28:19", "end": "00:28:23", "text": "But there's like a social component that"}, {"start": "00:28:20", "end": "00:28:25", "text": "investors need to underwrite as well"}, {"start": "00:28:23", "end": "00:28:27", "text": ">> of course but this gets back into"}, {"start": "00:28:25", "end": "00:28:30", "text": "politics. Um, the same way I talked"}, {"start": "00:28:27", "end": "00:28:32", "text": "about Scott Besson is basically talking"}, {"start": "00:28:30", "end": "00:28:35", "text": "his book, um, and what he wants to have"}, {"start": "00:28:32", "end": "00:28:37", "text": "happen with energy, politicians in these"}, {"start": "00:28:35", "end": "00:28:40", "text": "communities are trying to stop data"}, {"start": "00:28:37", "end": "00:28:42", "text": "centers. Um, and"}, {"start": "00:28:40", "end": "00:28:43", "text": "if you just tell people that you don't"}, {"start": "00:28:42", "end": "00:28:45", "text": "know what's going to happen to your"}, {"start": "00:28:43", "end": "00:28:46", "text": "water, I don't think anything will scare"}, {"start": "00:28:45", "end": "00:28:48", "text": "people faster than you know what's going"}, {"start": "00:28:46", "end": "00:28:50", "text": "to happen to your water. They care about"}, {"start": "00:28:48", "end": "00:28:53", "text": "their kids. the water usage this uses"}, {"start": "00:28:50", "end": "00:28:55", "text": "the the the fumes this goes through the"}, {"start": "00:28:53", "end": "00:28:57", "text": "this is what stopped nuclear in the"}, {"start": "00:28:55", "end": "00:28:58", "text": "country. So do I think it's a risk?"}, {"start": "00:28:57", "end": "00:29:01", "text": "Absolutely it's a risk and I think it's"}, {"start": "00:28:58", "end": "00:29:02", "text": "already happening. But this goes back to"}, {"start": "00:29:01", "end": "00:29:04", "text": "what's been happening in the country. I"}, {"start": "00:29:02", "end": "00:29:06", "text": "mean I'm down in Fort Lauderdale and I'm"}, {"start": "00:29:04", "end": "00:29:08", "text": "reading stories about how buildings that"}, {"start": "00:29:06", "end": "00:29:11", "text": "aren't even built now are getting demand"}, {"start": "00:29:08", "end": "00:29:12", "text": "from everyone from New York who wants to"}, {"start": "00:29:11", "end": "00:29:15", "text": "fly down because of the taxes that are"}, {"start": "00:29:12", "end": "00:29:16", "text": "going to happen in the city. So the same"}, {"start": "00:29:15", "end": "00:29:18", "text": "thing will happen with the data centers."}, {"start": "00:29:16", "end": "00:29:19", "text": "if they can't be built in the north,"}, {"start": "00:29:18", "end": "00:29:21", "text": "they'll be built in the south or in in"}, {"start": "00:29:19", "end": "00:29:23", "text": "states where they're like, \"Okay, you"}, {"start": "00:29:21", "end": "00:29:25", "text": "can do it here.\" The reason we have a"}, {"start": "00:29:23", "end": "00:29:26", "text": "rare earth problem with China is because"}, {"start": "00:29:25", "end": "00:29:28", "text": "the United States didn't want to have"}, {"start": "00:29:26", "end": "00:29:30", "text": "anything to do with rare earth because"}, {"start": "00:29:28", "end": "00:29:32", "text": "it is a toxic mineral. It's bad for the"}, {"start": "00:29:30", "end": "00:29:34", "text": "environment and China said, \"We'll do it"}, {"start": "00:29:32", "end": "00:29:35", "text": "because that's their way of kind of"}, {"start": "00:29:34", "end": "00:29:37", "text": "dealing with oil.\" We've had the same"}, {"start": "00:29:35", "end": "00:29:39", "text": "thing with fracking. So, anyone who"}, {"start": "00:29:37", "end": "00:29:41", "text": "doesn't realize that this is going to be"}, {"start": "00:29:39", "end": "00:29:43", "text": "an issue, it already is an issue. It"}, {"start": "00:29:41", "end": "00:29:44", "text": "will remain an issue. And this is why"}, {"start": "00:29:43", "end": "00:29:46", "text": "Elon Musk, I mean, it's one of the"}, {"start": "00:29:44", "end": "00:29:47", "text": "reasons why he wants to do this in"}, {"start": "00:29:46", "end": "00:29:50", "text": "space. It's not just because of some of"}, {"start": "00:29:47", "end": "00:29:52", "text": "the benefits of having the sun all the"}, {"start": "00:29:50", "end": "00:29:54", "text": "time, having automatic cooling is"}, {"start": "00:29:52", "end": "00:29:56", "text": "because he thinks you could start a"}, {"start": "00:29:54", "end": "00:29:58", "text": "project in a state and it could be shut"}, {"start": "00:29:56", "end": "00:29:59", "text": "off because a politician takes over and"}, {"start": "00:29:58", "end": "00:30:02", "text": "decides that this isn't going to happen."}, {"start": "00:29:59", "end": "00:30:04", "text": "So, I think these issues are going to be"}, {"start": "00:30:02", "end": "00:30:06", "text": "there. The problem with data centers is"}, {"start": "00:30:04", "end": "00:30:08", "text": "they take such a long time to build"}, {"start": "00:30:06", "end": "00:30:09", "text": "which means you're getting through"}, {"start": "00:30:08", "end": "00:30:12", "text": "multiple"}, {"start": "00:30:09", "end": "00:30:13", "text": "cycles of politics and politics in a"}, {"start": "00:30:12", "end": "00:30:15", "text": "democracy just make it very hard to do"}, {"start": "00:30:13", "end": "00:30:17", "text": "anything. So I think this is going to be"}, {"start": "00:30:15", "end": "00:30:20", "text": "an issue. It's it's it's a main reason"}, {"start": "00:30:17", "end": "00:30:22", "text": "why I think people are making a mistake"}, {"start": "00:30:20", "end": "00:30:25", "text": "to not look at semiconductors and just"}, {"start": "00:30:22", "end": "00:30:26", "text": "realize one of the reasons that they're"}, {"start": "00:30:25", "end": "00:30:28", "text": "going to have to trade at a lower"}, {"start": "00:30:26", "end": "00:30:31", "text": "multiple to earnings is because these"}, {"start": "00:30:28", "end": "00:30:33", "text": "bottlenecks and these risks are real and"}, {"start": "00:30:31", "end": "00:30:36", "text": "it won't be a cyclical stock anymore"}, {"start": "00:30:33", "end": "00:30:38", "text": "because AI is a given but over the"}, {"start": "00:30:36", "end": "00:30:40", "text": "course of say 6 to 12 months it"}, {"start": "00:30:38", "end": "00:30:42", "text": "absolutely could run into a mini"}, {"start": "00:30:40", "end": "00:30:44", "text": "recession due to bottlenecks and"}, {"start": "00:30:42", "end": "00:30:47", "text": "shortages."}, {"start": "00:30:44", "end": "00:30:49", "text": "Now when we look at um the stock market,"}, {"start": "00:30:47", "end": "00:30:51", "text": "I think that you're very uh accurate in"}, {"start": "00:30:49", "end": "00:30:52", "text": "saying look there's a lot of carnage"}, {"start": "00:30:51", "end": "00:30:54", "text": "actually and there's one sector that's"}, {"start": "00:30:52", "end": "00:30:56", "text": "driving everything. Um you can look"}, {"start": "00:30:54", "end": "00:31:00", "text": "again the Roundill ETF. I think it's now"}, {"start": "00:30:56", "end": "00:31:01", "text": "over 10 billion in the DRAM um ETF. So"}, {"start": "00:31:00", "end": "00:31:05", "text": "obviously people want exposure to this"}, {"start": "00:31:01", "end": "00:31:07", "text": "stuff. Um but in crypto you texted me a"}, {"start": "00:31:05", "end": "00:31:10", "text": "very interesting idea. Usually we talk"}, {"start": "00:31:07", "end": "00:31:12", "text": "about Bitcoin and you mentioned Dogecoin"}, {"start": "00:31:10", "end": "00:31:14", "text": "and I got to say I, you know, I took off"}, {"start": "00:31:12", "end": "00:31:16", "text": "my uh hypothetical glasses and I kind of"}, {"start": "00:31:14", "end": "00:31:18", "text": "cleared my eyes again to make sure I was"}, {"start": "00:31:16", "end": "00:31:20", "text": "actually reading correctly what you"}, {"start": "00:31:18", "end": "00:31:22", "text": "said, but you told me that you were"}, {"start": "00:31:20", "end": "00:31:25", "text": "looking at the Dogecoin chart. You don't"}, {"start": "00:31:22", "end": "00:31:27", "text": "strike me as a Dogecoin maximalist. So,"}, {"start": "00:31:25", "end": "00:31:28", "text": "what uh what's going on with Dogecoin in"}, {"start": "00:31:27", "end": "00:31:30", "text": "your mind?"}, {"start": "00:31:28", "end": "00:31:31", "text": ">> All right. So, we've been doing this for"}, {"start": "00:31:30", "end": "00:31:35", "text": "over a year, and I know there's a lot of"}, {"start": "00:31:31", "end": "00:31:38", "text": "people that um both watch slash listen"}, {"start": "00:31:35", "end": "00:31:41", "text": "to us, but also watch me on the"}, {"start": "00:31:38", "end": "00:31:41", "text": "weekends."}, {"start": "00:31:41", "end": "00:31:46", "text": ">> You're popular. You're popular guy."}, {"start": "00:31:43", "end": "00:31:49", "text": "Good-looking, smart. We get it."}, {"start": "00:31:46", "end": "00:31:52", "text": ">> You're ridiculous. I love data. But what"}, {"start": "00:31:49", "end": "00:31:54", "text": "I the data I love the most is the data"}, {"start": "00:31:52", "end": "00:31:59", "text": "that I can attach"}, {"start": "00:31:54", "end": "00:32:01", "text": "a signal to. So, um, here's my overall"}, {"start": "00:31:59", "end": "00:32:05", "text": "belief, and I said this on stage this"}, {"start": "00:32:01", "end": "00:32:06", "text": "week. Uh, we talked about Micron"}, {"start": "00:32:05", "end": "00:32:11", "text": "Technology"}, {"start": "00:32:06", "end": "00:32:14", "text": "last year. Um, uh, Phil Rosen, uh, your"}, {"start": "00:32:11", "end": "00:32:17", "text": "guy, uh, reposted something very nicely"}, {"start": "00:32:14", "end": "00:32:19", "text": "about me and said that in my stock"}, {"start": "00:32:17", "end": "00:32:21", "text": "selection for his piece last year for"}, {"start": "00:32:19", "end": "00:32:26", "text": "the best stocks for 2025, mine was"}, {"start": "00:32:21", "end": "00:32:28", "text": "Micron, and I did that when it was 86."}, {"start": "00:32:26", "end": "00:32:30", "text": "I mentioned last week that I sold out of"}, {"start": "00:32:28", "end": "00:32:34", "text": "two/3 of my micron. Well, I got rid of"}, {"start": "00:32:30", "end": "00:32:36", "text": "the last third this week because"}, {"start": "00:32:34", "end": "00:32:38", "text": ">> but here's the thing. It has nothing to"}, {"start": "00:32:36", "end": "00:32:39", "text": "do with my belief in AI and my belief"}, {"start": "00:32:38", "end": "00:32:41", "text": "that Micron's going higher. I do believe"}, {"start": "00:32:39", "end": "00:32:47", "text": "it's going higher. And as I said last"}, {"start": "00:32:41", "end": "00:32:48", "text": "week at 6:30 when I made the 23 sell,"}, {"start": "00:32:47", "end": "00:32:51", "text": "did I think it was going to double from"}, {"start": "00:32:48", "end": "00:32:53", "text": "there over the next year? No. at eight"}, {"start": "00:32:51", "end": "00:32:56", "text": "something. I was like, \"Well, now I'm"}, {"start": "00:32:53", "end": "00:32:58", "text": "I'm I'm not I'm not I'm not looking at"}, {"start": "00:32:56", "end": "00:33:00", "text": "this anymore.\" It had already gone up"}, {"start": "00:32:58", "end": "00:33:02", "text": "eight times from where it was a year and"}, {"start": "00:33:00", "end": "00:33:03", "text": "change ago. If you're lucky to get an"}, {"start": "00:33:02", "end": "00:33:06", "text": "eight bagger in crypto, you're happy."}, {"start": "00:33:03", "end": "00:33:08", "text": "Well, this was in a public stock. So, to"}, {"start": "00:33:06", "end": "00:33:10", "text": "me, it was like, go find something else."}, {"start": "00:33:08", "end": "00:33:12", "text": "Now, what I told these people on stage"}, {"start": "00:33:10", "end": "00:33:14", "text": "was because of what I believe with"}, {"start": "00:33:12", "end": "00:33:16", "text": "tokenization, because of what I believe"}, {"start": "00:33:14", "end": "00:33:18", "text": "is happening with the network effects."}, {"start": "00:33:16", "end": "00:33:21", "text": "the fact that yesterday the clarity act"}, {"start": "00:33:18", "end": "00:33:24", "text": "probability skyrocketed up to 73% before"}, {"start": "00:33:21", "end": "00:33:27", "text": "the end of the year. I believe we are in"}, {"start": "00:33:24", "end": "00:33:30", "text": "a very important point in crypto where a"}, {"start": "00:33:27", "end": "00:33:31", "text": "year from now the same problem that"}, {"start": "00:33:30", "end": "00:33:33", "text": "these institutional investors are having"}, {"start": "00:33:31", "end": "00:33:35", "text": "with semiconductors which is how do we"}, {"start": "00:33:33", "end": "00:33:37", "text": "buy something that's gone up eight times"}, {"start": "00:33:35", "end": "00:33:38", "text": "from where it was even though the"}, {"start": "00:33:37", "end": "00:33:41", "text": "earnings are good I can't do this even"}, {"start": "00:33:38", "end": "00:33:44", "text": "if it's cheap crypto is going to move"}, {"start": "00:33:41", "end": "00:33:46", "text": "away fast at some point too and Micron"}, {"start": "00:33:44", "end": "00:33:49", "text": "stayed below and everyone can go look at"}, {"start": "00:33:46", "end": "00:33:52", "text": "this it stayed below 110"}, {"start": "00:33:49", "end": "00:33:53", "text": "repeatedly for the entire first part of"}, {"start": "00:33:52", "end": "00:33:56", "text": "last year in the same way that crypto"}, {"start": "00:33:53", "end": "00:33:58", "text": "has. It didn't have the energy to push"}, {"start": "00:33:56", "end": "00:33:59", "text": "through and I couldn't figure it out"}, {"start": "00:33:58", "end": "00:34:01", "text": "because as someone who was absorbed with"}, {"start": "00:33:59", "end": "00:34:04", "text": "AI, I knew we weren't going to have"}, {"start": "00:34:01", "end": "00:34:06", "text": "enough memory. That was clear. I didn't"}, {"start": "00:34:04", "end": "00:34:09", "text": "think it would get to the situation it"}, {"start": "00:34:06", "end": "00:34:12", "text": "did in with inference. But that first"}, {"start": "00:34:09", "end": "00:34:13", "text": "move from 100 to 250, that's absolutely"}, {"start": "00:34:12", "end": "00:34:16", "text": "what I thought and that's what I wrote"}, {"start": "00:34:13", "end": "00:34:18", "text": "about. I thought it would double. Well,"}, {"start": "00:34:16", "end": "00:34:20", "text": "when inference came out and I realized"}, {"start": "00:34:18", "end": "00:34:21", "text": "how much more memory was needed, that"}, {"start": "00:34:20", "end": "00:34:23", "text": "changed the equation. I think a year"}, {"start": "00:34:21", "end": "00:34:25", "text": "from now people will be looking at"}, {"start": "00:34:23", "end": "00:34:27", "text": "crypto in the same way. They're not"}, {"start": "00:34:25", "end": "00:34:28", "text": "paying attention to it right now because"}, {"start": "00:34:27", "end": "00:34:31", "text": "it's not moving. So this is where"}, {"start": "00:34:28", "end": "00:34:35", "text": "Dogecoin fits in. Dogecoin to me has no"}, {"start": "00:34:31", "end": "00:34:37", "text": "institutional sponsorship. It has zero"}, {"start": "00:34:35", "end": "00:34:39", "text": "associated with what I'm doing. And"}, {"start": "00:34:37", "end": "00:34:40", "text": "that's why me not looking at it is"}, {"start": "00:34:39", "end": "00:34:44", "text": "important. The reason I started looking"}, {"start": "00:34:40", "end": "00:34:46", "text": "at it is technically it looks close to a"}, {"start": "00:34:44", "end": "00:34:48", "text": "breakout. At the same time, Bitcoin up"}, {"start": "00:34:46", "end": "00:34:51", "text": "near the 200 day moving average looks"}, {"start": "00:34:48", "end": "00:34:54", "text": "like a breakout. Ethereum around 2400 to"}, {"start": "00:34:51", "end": "00:34:56", "text": "2450 to me would look like a breakout."}, {"start": "00:34:54", "end": "00:34:59", "text": "But Dogecoin to me, if it can break out"}, {"start": "00:34:56", "end": "00:35:01", "text": "and actually run, that would mean that"}, {"start": "00:34:59", "end": "00:35:02", "text": "retail is starting to get interested. We"}, {"start": "00:35:01", "end": "00:35:05", "text": "talked about how retail was focused on"}, {"start": "00:35:02", "end": "00:35:07", "text": "AI. Well, guess what? If I'm right about"}, {"start": "00:35:05", "end": "00:35:10", "text": "memory, that whole DRAM thing right now,"}, {"start": "00:35:07", "end": "00:35:12", "text": "it's done. It's not that it won't be"}, {"start": "00:35:10", "end": "00:35:14", "text": "back in a year or maybe two years, but"}, {"start": "00:35:12", "end": "00:35:17", "text": "it's already had a huge run. Micron has"}, {"start": "00:35:14", "end": "00:35:20", "text": "outperformed every Mag 7 dramatically"}, {"start": "00:35:17", "end": "00:35:22", "text": "since 2018. dramatically. Forget the"}, {"start": "00:35:20", "end": "00:35:24", "text": "last year. Dramatically. So, I think"}, {"start": "00:35:22", "end": "00:35:25", "text": "we're at a point where you have to watch"}, {"start": "00:35:24", "end": "00:35:27", "text": "things like Dogecoin. You have to watch"}, {"start": "00:35:25", "end": "00:35:29", "text": "things like Bitcoin. If Bitcoin gets"}, {"start": "00:35:27", "end": "00:35:30", "text": "above that 82,000 level, it will have"}, {"start": "00:35:29", "end": "00:35:32", "text": "broken the 200 day moving average. And"}, {"start": "00:35:30", "end": "00:35:34", "text": "I'll end it on this. I said the most"}, {"start": "00:35:32", "end": "00:35:37", "text": "important thing was the regime shift"}, {"start": "00:35:34", "end": "00:35:38", "text": "this week. We have negative real yields"}, {"start": "00:35:37", "end": "00:35:40", "text": "and I think they're only going to get"}, {"start": "00:35:38", "end": "00:35:42", "text": "worse. And I don't think the Fed is"}, {"start": "00:35:40", "end": "00:35:43", "text": "going to move rates. And I think"}, {"start": "00:35:42", "end": "00:35:45", "text": "earnings in the S&P are still going to"}, {"start": "00:35:43", "end": "00:35:46", "text": "be good, which means there will be a"}, {"start": "00:35:45", "end": "00:35:48", "text": "floor to the stock market. Even if we"}, {"start": "00:35:46", "end": "00:35:50", "text": "get a sell-off, you want to be in a"}, {"start": "00:35:48", "end": "00:35:52", "text": "position to buy things because I think"}, {"start": "00:35:50", "end": "00:35:54", "text": "they're going to have to do something in"}, {"start": "00:35:52", "end": "00:35:55", "text": "rates. And that's why rates moving"}, {"start": "00:35:54", "end": "00:35:58", "text": "higher is actually the best thing for"}, {"start": "00:35:55", "end": "00:36:00", "text": "gold, for silver, for copper, and for"}, {"start": "00:35:58", "end": "00:36:02", "text": "Bitcoin because the government will have"}, {"start": "00:36:00", "end": "00:36:04", "text": "to push rates back down. And that's"}, {"start": "00:36:02", "end": "00:36:06", "text": "going to take some kind of debasement"}, {"start": "00:36:04", "end": "00:36:07", "text": "move that they're going to have to do to"}, {"start": "00:36:06", "end": "00:36:09", "text": "keep these under control. And I think"}, {"start": "00:36:07", "end": "00:36:11", "text": "that's a positive."}, {"start": "00:36:09", "end": "00:36:12", "text": ">> So, I just want to make sure people"}, {"start": "00:36:11", "end": "00:36:13", "text": "understand because they're going to hear"}, {"start": "00:36:12", "end": "00:36:16", "text": "Jordy, Dogecoin, and they're all going"}, {"start": "00:36:13", "end": "00:36:18", "text": "to freak out. What you're saying is you"}, {"start": "00:36:16", "end": "00:36:20", "text": "almost don't care what the underlying"}, {"start": "00:36:18", "end": "00:36:24", "text": "asset, the thesis, etc. You're using"}, {"start": "00:36:20", "end": "00:36:25", "text": "Dogecoin as almost a retail index."}, {"start": "00:36:24", "end": "00:36:27", "text": "You're saying there's no institutional"}, {"start": "00:36:25", "end": "00:36:29", "text": "participation here. And therefore, if"}, {"start": "00:36:27", "end": "00:36:31", "text": "there is excitement in the quote unquote"}, {"start": "00:36:29", "end": "00:36:33", "text": "retail index, which is just happens to"}, {"start": "00:36:31", "end": "00:36:34", "text": "be named Dogecoin, then that is a signal"}, {"start": "00:36:33", "end": "00:36:36", "text": "that you would use that retail"}, {"start": "00:36:34", "end": "00:36:39", "text": "excitement is coming back to crypto more"}, {"start": "00:36:36", "end": "00:36:40", "text": "generally, Bitcoin, etc. And so really,"}, {"start": "00:36:39", "end": "00:36:43", "text": "you're almost using it as like an alarm"}, {"start": "00:36:40", "end": "00:36:46", "text": "system because it is the most pure play"}, {"start": "00:36:43", "end": "00:36:47", "text": "non-institutional asset that has size"}, {"start": "00:36:46", "end": "00:36:49", "text": "and liquidity in crypto."}, {"start": "00:36:47", "end": "00:36:50", "text": ">> I don't even need to say anything else."}, {"start": "00:36:49", "end": "00:36:52", "text": "You just described it exactly the way"}, {"start": "00:36:50", "end": "00:36:54", "text": "I'm using it."}, {"start": "00:36:52", "end": "00:36:56", "text": ">> All right. Now, now it makes a lot of"}, {"start": "00:36:54", "end": "00:36:57", "text": "sense. I, you know, I had a I thought"}, {"start": "00:36:56", "end": "00:36:58", "text": "maybe you drank something crazy in Fort"}, {"start": "00:36:57", "end": "00:37:00", "text": "Lauderdale. I was going to have to come"}, {"start": "00:36:58", "end": "00:37:04", "text": "check on you when you first texted me."}, {"start": "00:37:00", "end": "00:37:06", "text": "Um, let's talk about uh uh um Trump's"}, {"start": "00:37:04", "end": "00:37:09", "text": "trip to China."}, {"start": "00:37:06", "end": "00:37:11", "text": "I saw somebody um I I don't want to uh"}, {"start": "00:37:09", "end": "00:37:12", "text": "say who it is because I don't know if he"}, {"start": "00:37:11", "end": "00:37:14", "text": "he wants us to bring a bunch of"}, {"start": "00:37:12", "end": "00:37:16", "text": "attention to his trading ideas, but he"}, {"start": "00:37:14", "end": "00:37:19", "text": "tweeted"}, {"start": "00:37:16", "end": "00:37:22", "text": "here's the list of all the CEOs going to"}, {"start": "00:37:19", "end": "00:37:24", "text": "China. They're all like trillion dollar,"}, {"start": "00:37:22", "end": "00:37:25", "text": "you know, hundreds of billions of"}, {"start": "00:37:24", "end": "00:37:27", "text": "dollars and there was like one company"}, {"start": "00:37:25", "end": "00:37:30", "text": "that was like a $5 billion company. And"}, {"start": "00:37:27", "end": "00:37:32", "text": "he said that he put $350,000 into that"}, {"start": "00:37:30", "end": "00:37:34", "text": "stock and that was the only reason why."}, {"start": "00:37:32", "end": "00:37:36", "text": "He goes, \"Why is that CEO there?"}, {"start": "00:37:34", "end": "00:37:38", "text": "something is going on with that CEO that"}, {"start": "00:37:36", "end": "00:37:40", "text": "he's associated with these people and"}, {"start": "00:37:38", "end": "00:37:42", "text": "his stock is too small and therefore I'm"}, {"start": "00:37:40", "end": "00:37:44", "text": "buying it. And he joked, he was like,"}, {"start": "00:37:42", "end": "00:37:45", "text": "\"This is what investing has come to is"}, {"start": "00:37:44", "end": "00:37:48", "text": "that like the, you know, White House"}, {"start": "00:37:45", "end": "00:37:50", "text": "asset management trying to read the tea"}, {"start": "00:37:48", "end": "00:37:52", "text": "leaves may actually be a signal for a"}, {"start": "00:37:50", "end": "00:37:53", "text": "return.\" Now, whether that ends up being"}, {"start": "00:37:52", "end": "00:37:54", "text": "a good investment or not, I have no"}, {"start": "00:37:53", "end": "00:37:56", "text": "clue."}, {"start": "00:37:54", "end": "00:37:59", "text": ">> But it does feel like there has been"}, {"start": "00:37:56", "end": "00:38:01", "text": "immense scrutiny on who's on the trip,"}, {"start": "00:37:59", "end": "00:38:03", "text": "why are they there, what is being talked"}, {"start": "00:38:01", "end": "00:38:06", "text": "about, right? Like there's so much"}, {"start": "00:38:03", "end": "00:38:07", "text": "attention on this. Is there anything"}, {"start": "00:38:06", "end": "00:38:09", "text": "that you're paying attention to that you"}, {"start": "00:38:07", "end": "00:38:11", "text": "think is actually important or is this"}, {"start": "00:38:09", "end": "00:38:13", "text": "all just like the soap opera of politics"}, {"start": "00:38:11", "end": "00:38:14", "text": "and finance now and it's a lot more"}, {"start": "00:38:13", "end": "00:38:16", "text": "noise than signal to you?"}, {"start": "00:38:14", "end": "00:38:19", "text": ">> I I really do think that this was more"}, {"start": "00:38:16", "end": "00:38:21", "text": "for show. Um I I I thought there might"}, {"start": "00:38:19", "end": "00:38:22", "text": "be something big going on and there be"}, {"start": "00:38:21", "end": "00:38:25", "text": "some big announcements, but unless"}, {"start": "00:38:22", "end": "00:38:27", "text": "there's something later, I think this"}, {"start": "00:38:25", "end": "00:38:29", "text": "was really more to show how important"}, {"start": "00:38:27", "end": "00:38:31", "text": "the relationship was. It was like"}, {"start": "00:38:29", "end": "00:38:33", "text": "bringing people to a meeting that you"}, {"start": "00:38:31", "end": "00:38:36", "text": "want to emphasize that you really do"}, {"start": "00:38:33", "end": "00:38:37", "text": "want to have a grand bargain. Uh it"}, {"start": "00:38:36", "end": "00:38:39", "text": "doesn't seem like anything super"}, {"start": "00:38:37", "end": "00:38:41", "text": "important came out of this other than"}, {"start": "00:38:39", "end": "00:38:43", "text": "she's going to take a visit apparently"}, {"start": "00:38:41", "end": "00:38:46", "text": "to the White House uh I guess in"}, {"start": "00:38:43", "end": "00:38:48", "text": "September. But uh I viewed it as one of"}, {"start": "00:38:46", "end": "00:38:50", "text": "the reasons that the markets had a tough"}, {"start": "00:38:48", "end": "00:38:52", "text": "time overnight is they were probably"}, {"start": "00:38:50", "end": "00:38:55", "text": "expecting something positive to come out"}, {"start": "00:38:52", "end": "00:38:56", "text": "of this and really honestly nothing did."}, {"start": "00:38:55", "end": "00:38:58", "text": "And I think that's really one of the big"}, {"start": "00:38:56", "end": "00:39:01", "text": "things. So, I'm going to take the China"}, {"start": "00:38:58", "end": "00:39:05", "text": "US trip as"}, {"start": "00:39:01", "end": "00:39:08", "text": "just another sign that um we're kind of"}, {"start": "00:39:05", "end": "00:39:10", "text": "in this, you know, mediation between two"}, {"start": "00:39:08", "end": "00:39:12", "text": "people getting divorced and we're we"}, {"start": "00:39:10", "end": "00:39:14", "text": "realize that the kids are going to be"}, {"start": "00:39:12", "end": "00:39:16", "text": "connected to both of us and the kids in"}, {"start": "00:39:14", "end": "00:39:18", "text": "this case are the global economy and the"}, {"start": "00:39:16", "end": "00:39:21", "text": "rest of the countries and we got to find"}, {"start": "00:39:18", "end": "00:39:24", "text": "some way to divvy up the assets and you"}, {"start": "00:39:21", "end": "00:39:25", "text": "know, hey, you're not touching Taiwan."}, {"start": "00:39:24", "end": "00:39:29", "text": "Hey, just so you know, we've got control"}, {"start": "00:39:25", "end": "00:39:31", "text": "of the world's oil. Um I I think that's"}, {"start": "00:39:29", "end": "00:39:34", "text": "what this was. So"}, {"start": "00:39:31", "end": "00:39:37", "text": ">> it's like uh uh some sort of I like the"}, {"start": "00:39:34", "end": "00:39:41", "text": "word mediation, but maybe um this whole"}, {"start": "00:39:37", "end": "00:39:43", "text": "idea of like"}, {"start": "00:39:41", "end": "00:39:46", "text": "Trump in particular obviously thinks"}, {"start": "00:39:43", "end": "00:39:49", "text": "that China is an adversary in some ways,"}, {"start": "00:39:46", "end": "00:39:52", "text": "but he's very complimentary. He is very"}, {"start": "00:39:49", "end": "00:39:55", "text": "um uh a showman when he is engaging with"}, {"start": "00:39:52", "end": "00:39:58", "text": "them. Um, I always find it uh quite"}, {"start": "00:39:55", "end": "00:40:00", "text": "funny that we send the president to"}, {"start": "00:39:58", "end": "00:40:03", "text": "China. Very rarely does the president of"}, {"start": "00:40:00", "end": "00:40:05", "text": "China come to Washington DC. I think the"}, {"start": "00:40:03", "end": "00:40:06", "text": "last time, if I remember correctly, that"}, {"start": "00:40:05", "end": "00:40:08", "text": "uh Xi Jinping came to America, he went"}, {"start": "00:40:06", "end": "00:40:09", "text": "to San Francisco and there was this"}, {"start": "00:40:08", "end": "00:40:11", "text": "whole controversy of they like cleaned"}, {"start": "00:40:09", "end": "00:40:14", "text": "up the city for a weekend and then like"}, {"start": "00:40:11", "end": "00:40:16", "text": "let it go back into, you know, dismal uh"}, {"start": "00:40:14", "end": "00:40:18", "text": "state. Um,"}, {"start": "00:40:16", "end": "00:40:20", "text": "and so are you changing anything in your"}, {"start": "00:40:18", "end": "00:40:22", "text": "portfolio this week other than selling"}, {"start": "00:40:20", "end": "00:40:26", "text": "Micron?"}, {"start": "00:40:22", "end": "00:40:28", "text": ">> The biggest thing for me was um I think"}, {"start": "00:40:26", "end": "00:40:32", "text": "there was"}, {"start": "00:40:28", "end": "00:40:35", "text": "there was a need if not a uh"}, {"start": "00:40:32", "end": "00:40:39", "text": "a hope by the market that somehow or"}, {"start": "00:40:35", "end": "00:40:41", "text": "another China would intervene on Iran."}, {"start": "00:40:39", "end": "00:40:43", "text": "And we'll see what happens with ships"}, {"start": "00:40:41", "end": "00:40:44", "text": "going through the straight. Maybe it's"}, {"start": "00:40:43", "end": "00:40:46", "text": "not going to be announced, but maybe"}, {"start": "00:40:44", "end": "00:40:48", "text": "Iran is behind closed doors going to"}, {"start": "00:40:46", "end": "00:40:50", "text": "allow more ships to go through. But I"}, {"start": "00:40:48", "end": "00:40:52", "text": "think that was the most important sign,"}, {"start": "00:40:50", "end": "00:40:54", "text": "and that's why you've got oil prices"}, {"start": "00:40:52", "end": "00:40:56", "text": "this morning going higher. I'm sure over"}, {"start": "00:40:54", "end": "00:40:59", "text": "the weekend, um, as oil prices go higher"}, {"start": "00:40:56", "end": "00:41:00", "text": "and as rates go higher, there'll be"}, {"start": "00:40:59", "end": "00:41:03", "text": "something out of the White House to say"}, {"start": "00:41:00", "end": "00:41:04", "text": "that this is all under control. Um, in"}, {"start": "00:41:03", "end": "00:41:06", "text": "fact, I'd be shocked if it didn't"}, {"start": "00:41:04", "end": "00:41:08", "text": "happen. So, if if the market ends up on"}, {"start": "00:41:06", "end": "00:41:10", "text": "the lows today, just I wouldn't be"}, {"start": "00:41:08", "end": "00:41:13", "text": "stupid enough to go out over the weekend"}, {"start": "00:41:10", "end": "00:41:14", "text": "short or or or not expecting that"}, {"start": "00:41:13", "end": "00:41:16", "text": "there'll be some announcement because of"}, {"start": "00:41:14", "end": "00:41:18", "text": "rates moving higher. And every time"}, {"start": "00:41:16", "end": "00:41:20", "text": "30-year yields have gotten above 5%, the"}, {"start": "00:41:18", "end": "00:41:23", "text": "government has responded and we're above"}, {"start": "00:41:20", "end": "00:41:26", "text": "5% decidedly. Uh so, I think that's the"}, {"start": "00:41:23", "end": "00:41:29", "text": "main issue is that uh the Iran situation"}, {"start": "00:41:26", "end": "00:41:30", "text": "didn't really get dealt with and so"}, {"start": "00:41:29", "end": "00:41:32", "text": "we're just at a point where the market"}, {"start": "00:41:30", "end": "00:41:34", "text": "has run out of gas."}, {"start": "00:41:32", "end": "00:41:36", "text": ">> All right, I want to end on a fun one."}, {"start": "00:41:34", "end": "00:41:37", "text": "and you have no uh no warning of this."}, {"start": "00:41:36", "end": "00:41:39", "text": "So, we're going to get your raw"}, {"start": "00:41:37", "end": "00:41:43", "text": "thoughts. Have you paid attention at all"}, {"start": "00:41:39", "end": "00:41:45", "text": "to the GameStop eBay saga and uh Ryan"}, {"start": "00:41:43", "end": "00:41:47", "text": "Cohen and GameStop trying to buy eBay"}, {"start": "00:41:45", "end": "00:41:48", "text": "for 55 billion?"}, {"start": "00:41:47", "end": "00:41:50", "text": ">> Yes."}, {"start": "00:41:48", "end": "00:41:51", "text": ">> All right. What are your thoughts? You"}, {"start": "00:41:50", "end": "00:41:54", "text": "think they can do it?"}, {"start": "00:41:51", "end": "00:41:56", "text": ">> No, I don't think they can do it."}, {"start": "00:41:54", "end": "00:41:59", "text": ">> Elaborate."}, {"start": "00:41:56", "end": "00:42:03", "text": "I I So, you know, and this might be the"}, {"start": "00:41:59", "end": "00:42:05", "text": "cynic in me. Um, and I don't use social"}, {"start": "00:42:03", "end": "00:42:07", "text": "media for this, but sometimes I think"}, {"start": "00:42:05", "end": "00:42:09", "text": "people use social media when they're not"}, {"start": "00:42:07", "end": "00:42:11", "text": "on the front page anymore. I don't, you"}, {"start": "00:42:09", "end": "00:42:13", "text": "know, I mean, I I I think that goes on"}, {"start": "00:42:11", "end": "00:42:16", "text": "probably more than we realize to try and"}, {"start": "00:42:13", "end": "00:42:19", "text": "get energy, but in particular"}, {"start": "00:42:16", "end": "00:42:22", "text": "if your and I'm not going to say it is"}, {"start": "00:42:19", "end": "00:42:25", "text": "for Ryan, but if your life is social"}, {"start": "00:42:22", "end": "00:42:27", "text": "media and the attention that you need,"}, {"start": "00:42:25", "end": "00:42:29", "text": "sometimes I think people just put things"}, {"start": "00:42:27", "end": "00:42:31", "text": "out there um to get that attention and"}, {"start": "00:42:29", "end": "00:42:34", "text": "to get the fire lit and go through it."}, {"start": "00:42:31", "end": "00:42:36", "text": "So, I I think this, and again, I'm just"}, {"start": "00:42:34", "end": "00:42:39", "text": "a cynic and someone who who believes"}, {"start": "00:42:36", "end": "00:42:41", "text": "that social media is used to try and"}, {"start": "00:42:39", "end": "00:42:43", "text": "draw attention to individuals, that this"}, {"start": "00:42:41", "end": "00:42:45", "text": "was purely let's get us back in there,"}, {"start": "00:42:43", "end": "00:42:47", "text": "make sure people know GameStop is still"}, {"start": "00:42:45", "end": "00:42:50", "text": "around. Uh, let's make sure we're back"}, {"start": "00:42:47", "end": "00:42:52", "text": "in the headlines. It is. Uh, I don't"}, {"start": "00:42:50", "end": "00:42:54", "text": "think it's real."}, {"start": "00:42:52", "end": "00:42:56", "text": ">> Interesting."}, {"start": "00:42:54", "end": "00:42:59", "text": "I think he really wants to be the CEO. I"}, {"start": "00:42:56", "end": "00:43:04", "text": "don't know if the deal can get done, but"}, {"start": "00:42:59", "end": "00:43:07", "text": "um I also think it's the perfect target"}, {"start": "00:43:04", "end": "00:43:10", "text": "for something that I'm gonna call"}, {"start": "00:43:07", "end": "00:43:12", "text": "digital activist investing, which is"}, {"start": "00:43:10", "end": "00:43:13", "text": "very different. Like, you know, one of"}, {"start": "00:43:12", "end": "00:43:15", "text": "my favorite stories is always the Paul"}, {"start": "00:43:13", "end": "00:43:16", "text": "Singer like an Elliot, you know, they"}, {"start": "00:43:15", "end": "00:43:19", "text": "went and they took like the warship from"}, {"start": "00:43:16", "end": "00:43:21", "text": "Argentina or whatever it was and like"}, {"start": "00:43:19", "end": "00:43:23", "text": "that was, you know, that was crazy. But"}, {"start": "00:43:21", "end": "00:43:27", "text": "that's like old school activism. uh or"}, {"start": "00:43:23", "end": "00:43:30", "text": "or um uh you know maybe a Carl icon,"}, {"start": "00:43:27", "end": "00:43:31", "text": "whatever. I think Bill Aman is been"}, {"start": "00:43:30", "end": "00:43:33", "text": "touching you know kind of the stove a"}, {"start": "00:43:31", "end": "00:43:34", "text": "little bit when it comes to this like"}, {"start": "00:43:33", "end": "00:43:39", "text": "digital activism and the ability to use"}, {"start": "00:43:34", "end": "00:43:41", "text": "social media. But what I saw with Open"}, {"start": "00:43:39", "end": "00:43:43", "text": "Door and I shared this with a with a"}, {"start": "00:43:41", "end": "00:43:44", "text": "couple of people uh in private this week"}, {"start": "00:43:43", "end": "00:43:49", "text": "u but I'm more convinced the more I've"}, {"start": "00:43:44", "end": "00:43:52", "text": "thought about it. We've never seen a"}, {"start": "00:43:49", "end": "00:43:55", "text": "digital activism campaign that went"}, {"start": "00:43:52", "end": "00:43:56", "text": "after what I'll call like corporate"}, {"start": "00:43:55", "end": "00:44:00", "text": "executives."}, {"start": "00:43:56", "end": "00:44:03", "text": "And at Open Door, pretty much the like"}, {"start": "00:44:00", "end": "00:44:05", "text": "retail audience me'd CEO until she"}, {"start": "00:44:03", "end": "00:44:06", "text": "stepped down. Like they just pressured"}, {"start": "00:44:05", "end": "00:44:08", "text": "her."}, {"start": "00:44:06", "end": "00:44:10", "text": ">> And I think that in like corporate"}, {"start": "00:44:08", "end": "00:44:12", "text": "America, you kind of throw barbs, but"}, {"start": "00:44:10", "end": "00:44:14", "text": "it's like a gentleman's, you know, kind"}, {"start": "00:44:12", "end": "00:44:15", "text": "of competition. And so there's like some"}, {"start": "00:44:14", "end": "00:44:17", "text": "things that are off limits or you know"}, {"start": "00:44:15", "end": "00:44:19", "text": "you don't personally go after people or"}, {"start": "00:44:17", "end": "00:44:21", "text": "you would never like post a meme about a"}, {"start": "00:44:19", "end": "00:44:24", "text": "person or whatever. But because politics"}, {"start": "00:44:21", "end": "00:44:25", "text": "has degraded to where now that happens,"}, {"start": "00:44:24", "end": "00:44:28", "text": "it almost feels like that's being"}, {"start": "00:44:25", "end": "00:44:29", "text": "introduced now in corporate America. And"}, {"start": "00:44:28", "end": "00:44:31", "text": "there's probably no group of people"}, {"start": "00:44:29", "end": "00:44:34", "text": "other than the GameStop shareholders"}, {"start": "00:44:31", "end": "00:44:37", "text": "that are like experts at doing this. And"}, {"start": "00:44:34", "end": "00:44:39", "text": "so it does feel like there's things that"}, {"start": "00:44:37", "end": "00:44:41", "text": "they can do. Now doesn't mean that that"}, {"start": "00:44:39", "end": "00:44:42", "text": "the corporate governance of eBay cares."}, {"start": "00:44:41", "end": "00:44:44", "text": "Like they may not be on the internet."}, {"start": "00:44:42", "end": "00:44:45", "text": "they just maybe like you know who cares"}, {"start": "00:44:44", "end": "00:44:46", "text": "whatever."}, {"start": "00:44:45", "end": "00:44:48", "text": ">> But to me that was my big takeaway is"}, {"start": "00:44:46", "end": "00:44:51", "text": "like oh wait a second here you have like"}, {"start": "00:44:48", "end": "00:44:56", "text": "the traditional playbook is now meeting"}, {"start": "00:44:51", "end": "00:44:58", "text": "this like digital activist playbook and"}, {"start": "00:44:56", "end": "00:45:00", "text": "open door was maybe the first time I"}, {"start": "00:44:58", "end": "00:45:02", "text": "really saw it. This could be the second"}, {"start": "00:45:00", "end": "00:45:03", "text": "one. We we'll kind of see what they do"}, {"start": "00:45:02", "end": "00:45:05", "text": "if they stand down or if there's some"}, {"start": "00:45:03", "end": "00:45:07", "text": "sort of proxy or something. But I do"}, {"start": "00:45:05", "end": "00:45:08", "text": "feel like this is going to become more"}, {"start": "00:45:07", "end": "00:45:10", "text": "and more, which kind of ties into your"}, {"start": "00:45:08", "end": "00:45:12", "text": "Dogecoin thesis of like actually the"}, {"start": "00:45:10", "end": "00:45:15", "text": "retail flows, the retail excitement, the"}, {"start": "00:45:12", "end": "00:45:16", "text": "retail energy may be one of the most"}, {"start": "00:45:15", "end": "00:45:18", "text": "important signals for people to pay"}, {"start": "00:45:16", "end": "00:45:20", "text": "attention to because where attention"}, {"start": "00:45:18", "end": "00:45:22", "text": "goes, capital flows, you know, and"}, {"start": "00:45:20", "end": "00:45:24", "text": "there's kind of returns that then come"}, {"start": "00:45:22", "end": "00:45:27", "text": "off of that. So th this is the beauty of"}, {"start": "00:45:24", "end": "00:45:31", "text": "of doing this show with you. And one of"}, {"start": "00:45:27", "end": "00:45:34", "text": "the things I take uh"}, {"start": "00:45:31", "end": "00:45:36", "text": "I take credit for as an individual who's"}, {"start": "00:45:34", "end": "00:45:39", "text": "who's been fortunate enough to be"}, {"start": "00:45:36", "end": "00:45:42", "text": "successful to make money but also"}, {"start": "00:45:39", "end": "00:45:44", "text": "flexible and adaptable enough to be able"}, {"start": "00:45:42", "end": "00:45:46", "text": "to see that the world is changing and"}, {"start": "00:45:44", "end": "00:45:48", "text": "that the metrics that you've used in the"}, {"start": "00:45:46", "end": "00:45:51", "text": "past for oh this is a bubble this is"}, {"start": "00:45:48", "end": "00:45:53", "text": "just like.com we're in a completely"}, {"start": "00:45:51", "end": "00:45:55", "text": "different world and most people that I"}, {"start": "00:45:53", "end": "00:45:57", "text": "know that are my age that I've known in"}, {"start": "00:45:55", "end": "00:46:00", "text": "the industry a long time that I read on"}, {"start": "00:45:57", "end": "00:46:03", "text": "X are so bearish and they've seen this"}, {"start": "00:46:00", "end": "00:46:05", "text": "before and I you guys have no idea. You"}, {"start": "00:46:03", "end": "00:46:07", "text": "don't have the experience. I mean, we"}, {"start": "00:46:05", "end": "00:46:10", "text": "lead the show off that I have 30 years"}, {"start": "00:46:07", "end": "00:46:12", "text": "in in in in markets and people may think"}, {"start": "00:46:10", "end": "00:46:17", "text": "I'm an idiot. They may think I'm smart."}, {"start": "00:46:12", "end": "00:46:18", "text": "They may the whole gamut and I'm sure it"}, {"start": "00:46:17", "end": "00:46:20", "text": ">> everyone can have their opinion. But"}, {"start": "00:46:18", "end": "00:46:24", "text": "here's the reality. What you just said"}, {"start": "00:46:20", "end": "00:46:26", "text": "and I said both can be true. So, I'm"}, {"start": "00:46:24", "end": "00:46:28", "text": "looking at it through the lens of this"}, {"start": "00:46:26", "end": "00:46:30", "text": "deal is not going to happen."}, {"start": "00:46:28", "end": "00:46:32", "text": ">> What you said, he wants the deal to"}, {"start": "00:46:30", "end": "00:46:35", "text": "happen. He wants this. I believe that,"}, {"start": "00:46:32", "end": "00:46:37", "text": "too. Do I also believe he's using social"}, {"start": "00:46:35", "end": "00:46:40", "text": "media? Yes. Do I believe Open Door ended"}, {"start": "00:46:37", "end": "00:46:43", "text": "up being a huge free marketing campaign?"}, {"start": "00:46:40", "end": "00:46:46", "text": "Yes. Do I believe that using digital"}, {"start": "00:46:43", "end": "00:46:47", "text": "media, my business is content now."}, {"start": "00:46:46", "end": "00:46:48", "text": "Whether I like it or not, it's what I"}, {"start": "00:46:47", "end": "00:46:50", "text": "do."}, {"start": "00:46:48", "end": "00:46:52", "text": ">> And I'm out there trying to help people"}, {"start": "00:46:50", "end": "00:46:54", "text": "navigate through this. This is the way"}, {"start": "00:46:52", "end": "00:46:55", "text": "I'm going to tie it into something very"}, {"start": "00:46:54", "end": "00:46:57", "text": "important to me that again I mentioned"}, {"start": "00:46:55", "end": "00:46:59", "text": "yesterday."}, {"start": "00:46:57", "end": "00:47:00", "text": "I think you and I both agree and most of"}, {"start": "00:46:59", "end": "00:47:02", "text": "the people I know in crypto that are on"}, {"start": "00:47:00", "end": "00:47:04", "text": "the macro side of which there's not many"}, {"start": "00:47:02", "end": "00:47:06", "text": "believe the distribution of wealth"}, {"start": "00:47:04", "end": "00:47:09", "text": "problem will be handled through what's"}, {"start": "00:47:06", "end": "00:47:11", "text": "going on in crypto. And the reason is"}, {"start": "00:47:09", "end": "00:47:12", "text": "and I I've only learned this in the last"}, {"start": "00:47:11", "end": "00:47:15", "text": "year."}, {"start": "00:47:12", "end": "00:47:17", "text": "Micron is up over eight times or was up"}, {"start": "00:47:15", "end": "00:47:20", "text": "over eight times from where it was. And"}, {"start": "00:47:17", "end": "00:47:22", "text": "yet no institution that I have met"}, {"start": "00:47:20", "end": "00:47:26", "text": "bought in at those levels. Most of them"}, {"start": "00:47:22", "end": "00:47:27", "text": "didn't buy in at 200. Retail did. And"}, {"start": "00:47:26", "end": "00:47:30", "text": "retail will buy to 400. They'll buy to"}, {"start": "00:47:27", "end": "00:47:32", "text": "500. They'll trade it to 800. They make"}, {"start": "00:47:30", "end": "00:47:34", "text": "money. And I know people that have made"}, {"start": "00:47:32", "end": "00:47:37", "text": "a lot of money trading this stuff. Now,"}, {"start": "00:47:34", "end": "00:47:39", "text": "the quote unquote smart professionals"}, {"start": "00:47:37", "end": "00:47:40", "text": "that pronounce themselves as"}, {"start": "00:47:39", "end": "00:47:42", "text": "professionals. I've been in this game a"}, {"start": "00:47:40", "end": "00:47:44", "text": "long time. I know better than you guys."}, {"start": "00:47:42", "end": "00:47:46", "text": "You guys are all going to lose your"}, {"start": "00:47:44", "end": "00:47:49", "text": "money. The reality is that's what"}, {"start": "00:47:46", "end": "00:47:52", "text": "attracted me to crypto was my son did"}, {"start": "00:47:49", "end": "00:47:53", "text": "700 and the 70,000 and lost it all. But"}, {"start": "00:47:52", "end": "00:47:55", "text": "he lost it all for a different reason."}, {"start": "00:47:53", "end": "00:47:57", "text": "He got involved in names that weren't"}, {"start": "00:47:55", "end": "00:47:58", "text": "Bitcoin. He didn't know the rotation"}, {"start": "00:47:57", "end": "00:48:00", "text": "aspect. He didn't know. Most good"}, {"start": "00:47:58", "end": "00:48:02", "text": "traders know, hey, I'm going to ride"}, {"start": "00:48:00", "end": "00:48:04", "text": "semis until they're done. That's why the"}, {"start": "00:48:02", "end": "00:48:06", "text": "tools that I create are related to"}, {"start": "00:48:04", "end": "00:48:08", "text": "things that only retail traders and"}, {"start": "00:48:06", "end": "00:48:11", "text": "traders can get involved in. I don't"}, {"start": "00:48:08", "end": "00:48:13", "text": "care what it is. If it's if it's a $100"}, {"start": "00:48:11", "end": "00:48:14", "text": "thing and it's going to 800, I want to"}, {"start": "00:48:13", "end": "00:48:16", "text": "be long it. And if it falls from 800 to"}, {"start": "00:48:14", "end": "00:48:18", "text": "600, I'm fine. I'll move on to something"}, {"start": "00:48:16", "end": "00:48:21", "text": "else and try to find the next wave to"}, {"start": "00:48:18", "end": "00:48:22", "text": "catch. That distribution of wealth is"}, {"start": "00:48:21", "end": "00:48:24", "text": "going to happen over the course of the"}, {"start": "00:48:22", "end": "00:48:26", "text": "next decade where retail is going to be"}, {"start": "00:48:24", "end": "00:48:28", "text": "involved. And the reason pension funds"}, {"start": "00:48:26", "end": "00:48:30", "text": "and endowments and these guys will never"}, {"start": "00:48:28", "end": "00:48:31", "text": "be able to make that kind of money. The"}, {"start": "00:48:30", "end": "00:48:33", "text": "way that they tried to make that money"}, {"start": "00:48:31", "end": "00:48:35", "text": "was by going into VC, by going into"}, {"start": "00:48:33", "end": "00:48:36", "text": "private equity, by going into things"}, {"start": "00:48:35", "end": "00:48:38", "text": "that in my opinion are going to be"}, {"start": "00:48:36", "end": "00:48:40", "text": "completely disrupted by tokenization. We"}, {"start": "00:48:38", "end": "00:48:41", "text": "haven't talked about this, but that was"}, {"start": "00:48:40", "end": "00:48:43", "text": "part of what my speech was about. The"}, {"start": "00:48:41", "end": "00:48:45", "text": "one thing about tokenization that people"}, {"start": "00:48:43", "end": "00:48:46", "text": "have to realize for private markets,"}, {"start": "00:48:45", "end": "00:48:49", "text": "bringing transparency and bringing"}, {"start": "00:48:46", "end": "00:48:51", "text": "liquidity into markets is not good for"}, {"start": "00:48:49", "end": "00:48:53", "text": "private markets in VC where they've been"}, {"start": "00:48:51", "end": "00:48:54", "text": "able to sit on things for a long period"}, {"start": "00:48:53", "end": "00:48:57", "text": "of time, not have to mark things to"}, {"start": "00:48:54", "end": "00:48:58", "text": "market and play a bunch of games with"}, {"start": "00:48:57", "end": "00:49:00", "text": "shenanigans to be able to go through it."}, {"start": "00:48:58", "end": "00:49:02", "text": "And that is very attractive to pension"}, {"start": "00:49:00", "end": "00:49:03", "text": "funds and endowments and places that"}, {"start": "00:49:02", "end": "00:49:05", "text": "don't want to take the career risk of"}, {"start": "00:49:03", "end": "00:49:07", "text": "dealing with something like Bitcoin. The"}, {"start": "00:49:05", "end": "00:49:09", "text": "only people that can handle the"}, {"start": "00:49:07", "end": "00:49:11", "text": "volatility that's going to exist in a"}, {"start": "00:49:09", "end": "00:49:13", "text": "tokenized world that are going to be"}, {"start": "00:49:11", "end": "00:49:15", "text": "able to handle the volatility in a world"}, {"start": "00:49:13", "end": "00:49:17", "text": "of prediction markets in a world of"}, {"start": "00:49:15", "end": "00:49:19", "text": "microns and semis and all of this stuff"}, {"start": "00:49:17", "end": "00:49:20", "text": "in my opinion is retail because they"}, {"start": "00:49:19", "end": "00:49:23", "text": "have the risk they have the training for"}, {"start": "00:49:20", "end": "00:49:25", "text": "it. I just don't believe that people and"}, {"start": "00:49:23", "end": "00:49:27", "text": "institutions can go through and all this"}, {"start": "00:49:25", "end": "00:49:30", "text": "came out of what you just said because I"}, {"start": "00:49:27", "end": "00:49:32", "text": "do believe social digital AI agents are"}, {"start": "00:49:30", "end": "00:49:34", "text": "changing the world and the reason we did"}, {"start": "00:49:32", "end": "00:49:36", "text": "this is because we believe these places"}, {"start": "00:49:34", "end": "00:49:38", "text": "are merging. So, the fiat world is"}, {"start": "00:49:36", "end": "00:49:41", "text": "merging with the crypto world and it's"}, {"start": "00:49:38", "end": "00:49:43", "text": "through AI agents and through AI."}, {"start": "00:49:41", "end": "00:49:44", "text": ">> I could not agree more. What uh what are"}, {"start": "00:49:43", "end": "00:49:45", "text": "you going to cover in your video? Anyone"}, {"start": "00:49:44", "end": "00:49:46", "text": "who is watching this right now, if"}, {"start": "00:49:45", "end": "00:49:49", "text": "you've learned anything from Jordy, go"}, {"start": "00:49:46", "end": "00:49:51", "text": "to Jordy Visser on YouTube, subscribe."}, {"start": "00:49:49", "end": "00:49:53", "text": "That is the digital thank you. It's like"}, {"start": "00:49:51", "end": "00:49:55", "text": "uh my friend Sam Park calls it a"}, {"start": "00:49:53", "end": "00:49:56", "text": "gentleman's digital handshake. You know,"}, {"start": "00:49:55", "end": "00:49:58", "text": "you're like, you know, thank you, sir."}, {"start": "00:49:56", "end": "00:50:00", "text": "So, go hit the subscribe button on"}, {"start": "00:49:58", "end": "00:50:02", "text": "Jord's channel. But what is your video"}, {"start": "00:50:00", "end": "00:50:04", "text": "going to be about this week? So I I'm"}, {"start": "00:50:02", "end": "00:50:06", "text": "I'm gonna go through the inflation side"}, {"start": "00:50:04", "end": "00:50:07", "text": "in detail. It's going to start with the"}, {"start": "00:50:06", "end": "00:50:09", "text": "inflation side. And again, I wrote a"}, {"start": "00:50:07", "end": "00:50:11", "text": "paper called running hot in the"}, {"start": "00:50:09", "end": "00:50:14", "text": "scarcity. And that's my my thing is that"}, {"start": "00:50:11", "end": "00:50:16", "text": "the government wanted this. They got it."}, {"start": "00:50:14", "end": "00:50:17", "text": "They got the earnings. They got all the"}, {"start": "00:50:16", "end": "00:50:19", "text": "things they wanted. Well, there's a"}, {"start": "00:50:17", "end": "00:50:20", "text": "negative that comes, which is when you"}, {"start": "00:50:19", "end": "00:50:21", "text": "haven't built enough things, you're"}, {"start": "00:50:20", "end": "00:50:23", "text": "going to have shortages. So I go through"}, {"start": "00:50:21", "end": "00:50:25", "text": "that. I do think this means that the"}, {"start": "00:50:23", "end": "00:50:27", "text": "stock market is going to go through its"}, {"start": "00:50:25", "end": "00:50:28", "text": "next phase of a regime shift. Whether"}, {"start": "00:50:27", "end": "00:50:30", "text": "that means the market goes down or the"}, {"start": "00:50:28", "end": "00:50:32", "text": "market goes up to me is going to be"}, {"start": "00:50:30", "end": "00:50:33", "text": "driven by what happens with rates. It's"}, {"start": "00:50:32", "end": "00:50:35", "text": "very important for you guys to"}, {"start": "00:50:33", "end": "00:50:36", "text": "understand the rate dynamic because this"}, {"start": "00:50:35", "end": "00:50:38", "text": "is something again the administration"}, {"start": "00:50:36", "end": "00:50:39", "text": "doesn't have control of. They don't have"}, {"start": "00:50:38", "end": "00:50:40", "text": "control of the oil situation. They don't"}, {"start": "00:50:39", "end": "00:50:42", "text": "have control of the fertilizer"}, {"start": "00:50:40", "end": "00:50:44", "text": "situation. They don't have control of"}, {"start": "00:50:42", "end": "00:50:47", "text": "NAPA, of helium, of all of these things."}, {"start": "00:50:44", "end": "00:50:49", "text": "And this just means that in a world"}, {"start": "00:50:47", "end": "00:50:51", "text": "where we were dealing with lower"}, {"start": "00:50:49", "end": "00:50:53", "text": "inflation, now we're dealing with a"}, {"start": "00:50:51", "end": "00:50:55", "text": "world where inflation is above interest"}, {"start": "00:50:53", "end": "00:50:57", "text": "rates, which makes the Fed uncertain."}, {"start": "00:50:55", "end": "00:51:00", "text": "And we have a new Fed here coming in"}, {"start": "00:50:57", "end": "00:51:02", "text": "where it is very very divisive."}, {"start": "00:51:00", "end": "00:51:03", "text": "Uh"}, {"start": "00:51:02", "end": "00:51:05", "text": "you just don't know. So I'm going to"}, {"start": "00:51:03", "end": "00:51:07", "text": "cover all of that and then I will go"}, {"start": "00:51:05", "end": "00:51:09", "text": "through the areas of the market and what"}, {"start": "00:51:07", "end": "00:51:12", "text": "you have to look for in crypto including"}, {"start": "00:51:09", "end": "00:51:12", "text": "Dogecoin."}, {"start": "00:51:12", "end": "00:51:16", "text": ">> All right, we'll do it again next uh"}, {"start": "00:51:14", "end": "00:51:19", "text": "Saturday. All right, we'll do it again"}, {"start": "00:51:16", "end": "00:51:19", "text": "next Saturday."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "So at HUD, we deal with less of the"}, {"start": "00:00:02", "end": "00:00:05", "text": "volatility of Bitcoin going up and down"}, {"start": "00:00:04", "end": "00:00:08", "text": "and we're focused on building"}, {"start": "00:00:05", "end": "00:00:10", "text": "infrastructure, but we're supporting"}, {"start": "00:00:08", "end": "00:00:13", "text": "multiple technologies today rather than"}, {"start": "00:00:10", "end": "00:00:15", "text": "just Bitcoin or just AI. We believe that"}, {"start": "00:00:13", "end": "00:00:16", "text": "the company will continue to support all"}, {"start": "00:00:15", "end": "00:00:18", "text": "of the next generation technologies that"}, {"start": "00:00:16", "end": "00:00:19", "text": "we think will change the world. What's"}, {"start": "00:00:18", "end": "00:00:21", "text": "going on guys? Today we got a great"}, {"start": "00:00:19", "end": "00:00:24", "text": "conversation with Asher Gnut. He is the"}, {"start": "00:00:21", "end": "00:00:25", "text": "CEO of HUD and he is one of the leading"}, {"start": "00:00:24", "end": "00:00:27", "text": "operators when it comes to the"}, {"start": "00:00:25", "end": "00:00:29", "text": "intersection of Bitcoin mining and AI"}, {"start": "00:00:27", "end": "00:00:31", "text": "HPC. In this conversation, he goes"}, {"start": "00:00:29", "end": "00:00:33", "text": "through the excruciating detail of what"}, {"start": "00:00:31", "end": "00:00:34", "text": "these companies are, how they operate,"}, {"start": "00:00:33", "end": "00:00:36", "text": "how they differentiate, and why"}, {"start": "00:00:34", "end": "00:00:38", "text": "investors should consider putting them"}, {"start": "00:00:36", "end": "00:00:39", "text": "into their portfolio. This conversation"}, {"start": "00:00:38", "end": "00:00:40", "text": "covers a lot and I think you're going to"}, {"start": "00:00:39", "end": "00:00:42", "text": "find it very, very valuable. There's"}, {"start": "00:00:40", "end": "00:00:43", "text": "lots of information in here that you're"}, {"start": "00:00:42", "end": "00:00:45", "text": "not going to find anywhere else. Here's"}, {"start": "00:00:43", "end": "00:00:46", "text": "my conversation with Asher."}, {"start": "00:00:45", "end": "00:00:49", "text": "Asher, you guys were one of the biggest"}, {"start": "00:00:46", "end": "00:00:51", "text": "Bitcoin miners. You've now converted to"}, {"start": "00:00:49", "end": "00:00:52", "text": "AI HPC. You've got a very unique story,"}, {"start": "00:00:51", "end": "00:00:54", "text": "I think, in how you've converted this"}, {"start": "00:00:52", "end": "00:00:55", "text": "business. It's now 10 plus billion"}, {"start": "00:00:54", "end": "00:00:57", "text": "dollar market cap. talk a little bit"}, {"start": "00:00:55", "end": "00:00:58", "text": "about the transition the industry is"}, {"start": "00:00:57", "end": "00:01:02", "text": "going through and why investors are"}, {"start": "00:00:58", "end": "00:01:05", "text": "flocking to this AI HPC trade."}, {"start": "00:01:02", "end": "00:01:07", "text": ">> The demand for AI is really just at the"}, {"start": "00:01:05", "end": "00:01:09", "text": "starting point right now. Adoption I"}, {"start": "00:01:07", "end": "00:01:11", "text": "think is at the very very early onsense."}, {"start": "00:01:09", "end": "00:01:13", "text": "You see the companies like Enthropic"}, {"start": "00:01:11", "end": "00:01:16", "text": "that have increased their revenue month"}, {"start": "00:01:13", "end": "00:01:19", "text": "over month over month adding over $10"}, {"start": "00:01:16", "end": "00:01:21", "text": "billion of ARR month over month which is"}, {"start": "00:01:19", "end": "00:01:23", "text": "the most insane growth that you've seen"}, {"start": "00:01:21", "end": "00:01:25", "text": "companies. I mean they've just raised at"}, {"start": "00:01:23", "end": "00:01:26", "text": "100 then 300 then almost a trillion"}, {"start": "00:01:25", "end": "00:01:28", "text": "dollars and you're seeing all this news"}, {"start": "00:01:26", "end": "00:01:31", "text": "in the market which is super exciting. I"}, {"start": "00:01:28", "end": "00:01:33", "text": "think building infrastructure to support"}, {"start": "00:01:31", "end": "00:01:36", "text": "those technologies and those use cases"}, {"start": "00:01:33", "end": "00:01:40", "text": "is selling the picks and shovels to the"}, {"start": "00:01:36", "end": "00:01:42", "text": "ecosystem and for HUD our mission is to"}, {"start": "00:01:40", "end": "00:01:43", "text": "create an energy infrastructure platform"}, {"start": "00:01:42", "end": "00:01:46", "text": "that supports the technologies of"}, {"start": "00:01:43", "end": "00:01:48", "text": "tomorrow and that's building digital"}, {"start": "00:01:46", "end": "00:01:50", "text": "infrastructure and so when we started"}, {"start": "00:01:48", "end": "00:01:52", "text": "the business we supported Bitcoin"}, {"start": "00:01:50", "end": "00:01:54", "text": "compute and that was a technology that"}, {"start": "00:01:52", "end": "00:01:56", "text": "we believed could revolutionize the"}, {"start": "00:01:54", "end": "00:01:58", "text": "financial system and we created the"}, {"start": "00:01:56", "end": "00:02:01", "text": "security behind that network for"}, {"start": "00:01:58", "end": "00:02:03", "text": "transactions to happen. As most of our"}, {"start": "00:02:01", "end": "00:02:05", "text": "peers in the ecosystem said, you know"}, {"start": "00:02:03", "end": "00:02:07", "text": "what, we have these megawws. We're using"}, {"start": "00:02:05", "end": "00:02:08", "text": "them for Bitcoin. Let's convert them to"}, {"start": "00:02:07", "end": "00:02:10", "text": "AI because they're we can make more"}, {"start": "00:02:08", "end": "00:02:12", "text": "money off of that. We took a very"}, {"start": "00:02:10", "end": "00:02:14", "text": "different approach. We said, we've built"}, {"start": "00:02:12", "end": "00:02:16", "text": "this platform and become one of the"}, {"start": "00:02:14", "end": "00:02:18", "text": "largest people in the world securitizing"}, {"start": "00:02:16", "end": "00:02:21", "text": "the Bitcoin network. Let's use the skill"}, {"start": "00:02:18", "end": "00:02:23", "text": "set of finding power, building"}, {"start": "00:02:21", "end": "00:02:26", "text": "infrastructure at scale, and managing"}, {"start": "00:02:23", "end": "00:02:28", "text": "power and build for the AI use case. And"}, {"start": "00:02:26", "end": "00:02:30", "text": "so I think very uniquely the last two"}, {"start": "00:02:28", "end": "00:02:32", "text": "deals that we've announced, some $17"}, {"start": "00:02:30", "end": "00:02:34", "text": "billion in contract value, those are net"}, {"start": "00:02:32", "end": "00:02:36", "text": "new projects that we built from the"}, {"start": "00:02:34", "end": "00:02:39", "text": "ground up and developed rather than we"}, {"start": "00:02:36", "end": "00:02:41", "text": "converted over from existing Bitcoin"}, {"start": "00:02:39", "end": "00:02:43", "text": "facilities. We still manage about 700"}, {"start": "00:02:41", "end": "00:02:46", "text": "megawatts of Bitcoin infrastructure and"}, {"start": "00:02:43", "end": "00:02:47", "text": "we spun out that business to a company"}, {"start": "00:02:46", "end": "00:02:49", "text": "called American Bitcoin which is"}, {"start": "00:02:47", "end": "00:02:51", "text": "publicly traded as well and they're a"}, {"start": "00:02:49", "end": "00:02:53", "text": "customer now of HUD infrastructure. So"}, {"start": "00:02:51", "end": "00:02:56", "text": "at Hud, we deal with less of the"}, {"start": "00:02:53", "end": "00:02:57", "text": "volatility of Bitcoin going up and down"}, {"start": "00:02:56", "end": "00:02:59", "text": "and we're focused on building"}, {"start": "00:02:57", "end": "00:03:02", "text": "infrastructure, but we're supporting"}, {"start": "00:02:59", "end": "00:03:04", "text": "multiple technologies today rather than"}, {"start": "00:03:02", "end": "00:03:06", "text": "just Bitcoin or just AI. We believe that"}, {"start": "00:03:04", "end": "00:03:08", "text": "the company will continue to support all"}, {"start": "00:03:06", "end": "00:03:10", "text": "the next generation technologies that we"}, {"start": "00:03:08", "end": "00:03:11", "text": "think will change the world."}, {"start": "00:03:10", "end": "00:03:13", "text": ">> Now when you think about building these"}, {"start": "00:03:11", "end": "00:03:14", "text": "data centers, you guys are going and"}, {"start": "00:03:13", "end": "00:03:16", "text": "finding land, you're powering these"}, {"start": "00:03:14", "end": "00:03:18", "text": "things, you're going and striking these"}, {"start": "00:03:16", "end": "00:03:19", "text": "business development deals. Um, one of"}, {"start": "00:03:18", "end": "00:03:21", "text": "the things that has happened in society"}, {"start": "00:03:19", "end": "00:03:22", "text": "is there's a lot of people who do not"}, {"start": "00:03:21", "end": "00:03:24", "text": "want data centers. They're worried about"}, {"start": "00:03:22", "end": "00:03:25", "text": "water. They're worried about electricity"}, {"start": "00:03:24", "end": "00:03:26", "text": "prices. They're worried about the"}, {"start": "00:03:25", "end": "00:03:28", "text": "aesthetics of the data center in their"}, {"start": "00:03:26", "end": "00:03:30", "text": "local community. Talk a little bit about"}, {"start": "00:03:28", "end": "00:03:32", "text": "this balance between, you know, kind of"}, {"start": "00:03:30", "end": "00:03:34", "text": "the everyday American in a local"}, {"start": "00:03:32", "end": "00:03:36", "text": "community and their views towards"}, {"start": "00:03:34", "end": "00:03:38", "text": "artificial intelligence and data centers"}, {"start": "00:03:36", "end": "00:03:39", "text": "and then the belief that maybe from the"}, {"start": "00:03:38", "end": "00:03:41", "text": "uh, you know, kind of uh, Wall Street"}, {"start": "00:03:39", "end": "00:03:43", "text": "crowd, the Silicon Valley crowd of we"}, {"start": "00:03:41", "end": "00:03:45", "text": "don't have enough data centers, we need"}, {"start": "00:03:43", "end": "00:03:48", "text": "more compute. And so how are you guys"}, {"start": "00:03:45", "end": "00:03:51", "text": "navigating this balance?"}, {"start": "00:03:48", "end": "00:03:53", "text": ">> The US needs to build more"}, {"start": "00:03:51", "end": "00:03:56", "text": "infrastructure if it wants to be the"}, {"start": "00:03:53", "end": "00:03:59", "text": "leader in the technology revolution"}, {"start": "00:03:56", "end": "00:04:02", "text": "around the world. And that's critical. I"}, {"start": "00:03:59", "end": "00:04:05", "text": "think about kind of where the US stands"}, {"start": "00:04:02", "end": "00:04:07", "text": "today and we have been and can continue"}, {"start": "00:04:05", "end": "00:04:09", "text": "to be a leader in the technological"}, {"start": "00:04:07", "end": "00:04:12", "text": "revolution and being at the forefront. I"}, {"start": "00:04:09", "end": "00:04:14", "text": "think but right now even with us saying"}, {"start": "00:04:12", "end": "00:04:16", "text": "let's go build as much infrastructure as"}, {"start": "00:04:14", "end": "00:04:18", "text": "possible we're still competing neck"}, {"start": "00:04:16", "end": "00:04:20", "text": "andneck with countries like China who"}, {"start": "00:04:18", "end": "00:04:21", "text": "are able to build energy infrastructure"}, {"start": "00:04:20", "end": "00:04:23", "text": "we're able to build data center"}, {"start": "00:04:21", "end": "00:04:25", "text": "infrastructure frankly faster and"}, {"start": "00:04:23", "end": "00:04:29", "text": "cheaper than we are today and so I think"}, {"start": "00:04:25", "end": "00:04:32", "text": "we need a common unity to say we should"}, {"start": "00:04:29", "end": "00:04:33", "text": "be behind the infrastructure that"}, {"start": "00:04:32", "end": "00:04:35", "text": "supports the growth of these"}, {"start": "00:04:33", "end": "00:04:37", "text": "technologies continue to make sure that"}, {"start": "00:04:35", "end": "00:04:39", "text": "our LLM models are at the forefront we"}, {"start": "00:04:37", "end": "00:04:41", "text": "had a head start because we have Nvidia"}, {"start": "00:04:39", "end": "00:04:43", "text": "which is a US company being able to"}, {"start": "00:04:41", "end": "00:04:45", "text": "support us with the best generation"}, {"start": "00:04:43", "end": "00:04:47", "text": "chips but as they start building their"}, {"start": "00:04:45", "end": "00:04:49", "text": "own chips and as they start competing"}, {"start": "00:04:47", "end": "00:04:51", "text": "infrastructure is going to be the key"}, {"start": "00:04:49", "end": "00:04:52", "text": "bottleneck and you're seeing that today"}, {"start": "00:04:51", "end": "00:04:56", "text": "power infrastructure data center"}, {"start": "00:04:52", "end": "00:04:58", "text": "infrastructure and so I think there's"}, {"start": "00:04:56", "end": "00:05:01", "text": "this general fear of what does AI mean"}, {"start": "00:04:58", "end": "00:05:03", "text": "for me as across the US today and"}, {"start": "00:05:01", "end": "00:05:05", "text": "whether that fear be around what what's"}, {"start": "00:05:03", "end": "00:05:06", "text": "going to happen with my job whether that"}, {"start": "00:05:05", "end": "00:05:08", "text": "fear be around what is this"}, {"start": "00:05:06", "end": "00:05:09", "text": "infrastructure and all this investments"}, {"start": "00:05:08", "end": "00:05:10", "text": "in my neighbor neighborhood going to do."}, {"start": "00:05:09", "end": "00:05:14", "text": "And I think there's a lot of these kind"}, {"start": "00:05:10", "end": "00:05:15", "text": "of false fallacies that have like"}, {"start": "00:05:14", "end": "00:05:16", "text": "percolated and gotten people scared,"}, {"start": "00:05:15", "end": "00:05:19", "text": "right? And so some of them you"}, {"start": "00:05:16", "end": "00:05:21", "text": "mentioned, one, data centers are going"}, {"start": "00:05:19", "end": "00:05:23", "text": "to make my energy prices go up. That's"}, {"start": "00:05:21", "end": "00:05:25", "text": "not true. We work with the leading"}, {"start": "00:05:23", "end": "00:05:27", "text": "energy utilities across the country. And"}, {"start": "00:05:25", "end": "00:05:29", "text": "the reality is every time a data center"}, {"start": "00:05:27", "end": "00:05:32", "text": "is built, especially today at large"}, {"start": "00:05:29", "end": "00:05:33", "text": "scale, we come in, we pay for what is"}, {"start": "00:05:32", "end": "00:05:35", "text": "called a kayak, which is we pay for all"}, {"start": "00:05:33", "end": "00:05:37", "text": "the infrastructure and system upgrades"}, {"start": "00:05:35", "end": "00:05:38", "text": "to be able to trans transport that"}, {"start": "00:05:37", "end": "00:05:40", "text": "energy. And that goes to the overall"}, {"start": "00:05:38", "end": "00:05:43", "text": "system. So all the people who are"}, {"start": "00:05:40", "end": "00:05:45", "text": "consuming energy get to benefit from"}, {"start": "00:05:43", "end": "00:05:47", "text": "those system upgrades as well. And then"}, {"start": "00:05:45", "end": "00:05:49", "text": "the energy supply itself, we pay and"}, {"start": "00:05:47", "end": "00:05:51", "text": "commit to the consumption of that power"}, {"start": "00:05:49", "end": "00:05:53", "text": "as well. And so in a lot of these"}, {"start": "00:05:51", "end": "00:05:55", "text": "utilities, and you're seeing more of"}, {"start": "00:05:53", "end": "00:05:58", "text": "them start post data about this, but"}, {"start": "00:05:55", "end": "00:05:59", "text": "energy prices actually come down with"}, {"start": "00:05:58", "end": "00:06:01", "text": "data centers coming online because you"}, {"start": "00:05:59", "end": "00:06:04", "text": "increase the utilization and you upgrade"}, {"start": "00:06:01", "end": "00:06:05", "text": "the infrastructure. But like there are"}, {"start": "00:06:04", "end": "00:06:08", "text": "some areas where you might have a really"}, {"start": "00:06:05", "end": "00:06:10", "text": "bad uh kind of summer storm and energy"}, {"start": "00:06:08", "end": "00:06:12", "text": "prices go up or you have other criteria"}, {"start": "00:06:10", "end": "00:06:14", "text": "that are happening and people blame it"}, {"start": "00:06:12", "end": "00:06:15", "text": "on data centers, right? But the real"}, {"start": "00:06:14", "end": "00:06:17", "text": "kind of facts have seen the opposite"}, {"start": "00:06:15", "end": "00:06:19", "text": "which is energy prices have gone down in"}, {"start": "00:06:17", "end": "00:06:21", "text": "a lot of areas where they're structured"}, {"start": "00:06:19", "end": "00:06:24", "text": "correctly. The second is water usage."}, {"start": "00:06:21", "end": "00:06:28", "text": "There's two ways to cool these chips."}, {"start": "00:06:24", "end": "00:06:29", "text": "One is the analogy I like to use is if"}, {"start": "00:06:28", "end": "00:06:32", "text": "you're walking around at Disneyland with"}, {"start": "00:06:29", "end": "00:06:34", "text": "your family and you're kind of spraying"}, {"start": "00:06:32", "end": "00:06:36", "text": "a fan and like misting water and you're"}, {"start": "00:06:34", "end": "00:06:37", "text": "basically using the cooling temp"}, {"start": "00:06:36", "end": "00:06:40", "text": "temperature of the cool water to cool"}, {"start": "00:06:37", "end": "00:06:42", "text": "down your chips. Alternatively, you have"}, {"start": "00:06:40", "end": "00:06:44", "text": "a refrigerator at home and that"}, {"start": "00:06:42", "end": "00:06:46", "text": "refrigerator doesn't use active water to"}, {"start": "00:06:44", "end": "00:06:48", "text": "cool it down, right? It's a closed loop"}, {"start": "00:06:46", "end": "00:06:50", "text": "system that is able to cool down the"}, {"start": "00:06:48", "end": "00:06:54", "text": "chips. And so we use that closed loop"}, {"start": "00:06:50", "end": "00:06:56", "text": "system where we don't actually use any"}, {"start": "00:06:54", "end": "00:06:57", "text": "water on an ongoing basis other than the"}, {"start": "00:06:56", "end": "00:06:59", "text": "restrooms, the sinks, and things of that"}, {"start": "00:06:57", "end": "00:07:00", "text": "nature. It's like any other office"}, {"start": "00:06:59", "end": "00:07:01", "text": "building and we're much smaller"}, {"start": "00:07:00", "end": "00:07:03", "text": "consumption than a traditional office"}, {"start": "00:07:01", "end": "00:07:05", "text": "building because everything is in that"}, {"start": "00:07:03", "end": "00:07:08", "text": "closed loop system. Historically, not"}, {"start": "00:07:05", "end": "00:07:09", "text": "everyone did that because one, it's more"}, {"start": "00:07:08", "end": "00:07:14", "text": "expensive from an infrastructure"}, {"start": "00:07:09", "end": "00:07:17", "text": "perspective. two is that you have to"}, {"start": "00:07:14", "end": "00:07:20", "text": "invest um into kind of higher POE so you"}, {"start": "00:07:17", "end": "00:07:22", "text": "consume kind of uh more electricity"}, {"start": "00:07:20", "end": "00:07:25", "text": "prices and so forth and so those are"}, {"start": "00:07:22", "end": "00:07:26", "text": "some of the reasons why historically"}, {"start": "00:07:25", "end": "00:07:28", "text": "you've had different types of use cases"}, {"start": "00:07:26", "end": "00:07:30", "text": "on the water side but the water issue"}, {"start": "00:07:28", "end": "00:07:32", "text": "can be solved where you're not actually"}, {"start": "00:07:30", "end": "00:07:34", "text": "using water in the community um and"}, {"start": "00:07:32", "end": "00:07:36", "text": "you're using much less water than what"}, {"start": "00:07:34", "end": "00:07:39", "text": "people have kind of day-to-day when they"}, {"start": "00:07:36", "end": "00:07:41", "text": "drive by any office building car wash um"}, {"start": "00:07:39", "end": "00:07:42", "text": "and anything of that nature"}, {"start": "00:07:41", "end": "00:07:45", "text": "And so I think those are like two big"}, {"start": "00:07:42", "end": "00:07:47", "text": "ones. The third one is is is noise uh"}, {"start": "00:07:45", "end": "00:07:48", "text": "and how you design and how you build"}, {"start": "00:07:47", "end": "00:07:50", "text": "these data centers. If you look at"}, {"start": "00:07:48", "end": "00:07:51", "text": "Ashurn, Virginia, there are literally"}, {"start": "00:07:50", "end": "00:07:54", "text": "data centers right next to homes. And so"}, {"start": "00:07:51", "end": "00:07:56", "text": "these things can be built in a much more"}, {"start": "00:07:54", "end": "00:07:57", "text": "quiet manner. And lastly, we're actually"}, {"start": "00:07:56", "end": "00:08:00", "text": "spending a good amount of time with this"}, {"start": "00:07:57", "end": "00:08:02", "text": "is historically a lot of these things"}, {"start": "00:08:00", "end": "00:08:04", "text": "look like kind of large infrastructure"}, {"start": "00:08:02", "end": "00:08:05", "text": "warehouse like buildings, but I think"}, {"start": "00:08:04", "end": "00:08:07", "text": "there's an opportunity to invest a bit"}, {"start": "00:08:05", "end": "00:08:09", "text": "more money and make these things look"}, {"start": "00:08:07", "end": "00:08:11", "text": "beautiful and have them drive by and"}, {"start": "00:08:09", "end": "00:08:13", "text": "feel more like museums than they do um"}, {"start": "00:08:11", "end": "00:08:14", "text": "kind of warehouses. And so we're"}, {"start": "00:08:13", "end": "00:08:16", "text": "thinking about all of those things and"}, {"start": "00:08:14", "end": "00:08:18", "text": "as we go into new markets, we're kind of"}, {"start": "00:08:16", "end": "00:08:20", "text": "talking through those. But I think as a"}, {"start": "00:08:18", "end": "00:08:22", "text": "nation, we've got to figure out how to"}, {"start": "00:08:20", "end": "00:08:24", "text": "get people excited that we could be at"}, {"start": "00:08:22", "end": "00:08:26", "text": "the leading forefront of this technology"}, {"start": "00:08:24", "end": "00:08:28", "text": "rather than nervous and scared because"}, {"start": "00:08:26", "end": "00:08:30", "text": "if that is really what ends up really"}, {"start": "00:08:28", "end": "00:08:33", "text": "driving our decisions in this country, I"}, {"start": "00:08:30", "end": "00:08:35", "text": "think it's going to inhinder us from"}, {"start": "00:08:33", "end": "00:08:38", "text": "leading in this AI revolution and allow"}, {"start": "00:08:35", "end": "00:08:40", "text": "other countries like China to be able to"}, {"start": "00:08:38", "end": "00:08:41", "text": "surpass us. And that's why I think this"}, {"start": "00:08:40", "end": "00:08:43", "text": "sense of coming together in this"}, {"start": "00:08:41", "end": "00:08:45", "text": "nationalistic pride of let's build the"}, {"start": "00:08:43", "end": "00:08:47", "text": "infrastructure that supports this"}, {"start": "00:08:45", "end": "00:08:48", "text": "compute is critically important because"}, {"start": "00:08:47", "end": "00:08:50", "text": "if it doesn't get built in the US it"}, {"start": "00:08:48", "end": "00:08:51", "text": "will get built elsewhere and we don't"}, {"start": "00:08:50", "end": "00:08:52", "text": "want that compute lying in other"}, {"start": "00:08:51", "end": "00:08:54", "text": "countries."}, {"start": "00:08:52", "end": "00:08:55", "text": ">> Now I'm going to throw out a couple of"}, {"start": "00:08:54", "end": "00:08:57", "text": "things that I've heard various players"}, {"start": "00:08:55", "end": "00:09:00", "text": "doing and I want you to react to agree"}, {"start": "00:08:57", "end": "00:09:01", "text": "disagree you know and why. Uh the first"}, {"start": "00:09:00", "end": "00:09:03", "text": "is I've heard some people pitch well we"}, {"start": "00:09:01", "end": "00:09:05", "text": "should do collocation. we should do some"}, {"start": "00:09:03", "end": "00:09:06", "text": "like high performance manufacturing and"}, {"start": "00:09:05", "end": "00:09:09", "text": "colllocate it with data centers that"}, {"start": "00:09:06", "end": "00:09:11", "text": "changes the economics of uh the actual"}, {"start": "00:09:09", "end": "00:09:13", "text": "site and it allows us not only to get"}, {"start": "00:09:11", "end": "00:09:14", "text": "the compute online but then it also"}, {"start": "00:09:13", "end": "00:09:15", "text": "allows us to do high performance"}, {"start": "00:09:14", "end": "00:09:18", "text": "manufacturing. How do you guys think"}, {"start": "00:09:15", "end": "00:09:22", "text": "about that?"}, {"start": "00:09:18", "end": "00:09:24", "text": ">> I don't really fully follow uh kind of"}, {"start": "00:09:22", "end": "00:09:25", "text": "connecting those two. I think energy"}, {"start": "00:09:24", "end": "00:09:28", "text": "campuses are going to be a bigger and"}, {"start": "00:09:25", "end": "00:09:30", "text": "bigger thing which is you bring"}, {"start": "00:09:28", "end": "00:09:32", "text": "generation. So you not only bring the"}, {"start": "00:09:30", "end": "00:09:34", "text": "load and the consumption, you actually"}, {"start": "00:09:32", "end": "00:09:36", "text": "bring netu generation as well. And there"}, {"start": "00:09:34", "end": "00:09:38", "text": "might be other use cases, right? Because"}, {"start": "00:09:36", "end": "00:09:41", "text": "like we have a 500 megawatt data center,"}, {"start": "00:09:38", "end": "00:09:43", "text": "but it the IT load is 352 and the rest"}, {"start": "00:09:41", "end": "00:09:45", "text": "is kind of the cooling infrastructure"}, {"start": "00:09:43", "end": "00:09:46", "text": "that doesn't always get used. And so you"}, {"start": "00:09:45", "end": "00:09:49", "text": "can have kind of colloccated"}, {"start": "00:09:46", "end": "00:09:51", "text": "infrastructure that's able to consume"}, {"start": "00:09:49", "end": "00:09:52", "text": "some some of that power that's not being"}, {"start": "00:09:51", "end": "00:09:54", "text": "used. So I think there's a lot of"}, {"start": "00:09:52", "end": "00:09:57", "text": "creativity of how to build these energy"}, {"start": "00:09:54", "end": "00:09:58", "text": "campuses but it depends on what do these"}, {"start": "00:09:57", "end": "00:10:00", "text": "loads need what are the different"}, {"start": "00:09:58", "end": "00:10:02", "text": "requirements and how do you create kind"}, {"start": "00:10:00", "end": "00:10:04", "text": "of these utilized systems. I think the"}, {"start": "00:10:02", "end": "00:10:06", "text": "next phase historically for data centers"}, {"start": "00:10:04", "end": "00:10:08", "text": "was we go we ask a utility hey can we"}, {"start": "00:10:06", "end": "00:10:10", "text": "get power obviously we don't have much"}, {"start": "00:10:08", "end": "00:10:11", "text": "power and so we need to go build new"}, {"start": "00:10:10", "end": "00:10:13", "text": "power and so now a lot of uh"}, {"start": "00:10:11", "end": "00:10:14", "text": "infrastructure providers are thinking"}, {"start": "00:10:13", "end": "00:10:16", "text": "about how do we bring power with us so"}, {"start": "00:10:14", "end": "00:10:18", "text": "we bring power and we bring load and"}, {"start": "00:10:16", "end": "00:10:20", "text": "then we can help add capacity into the"}, {"start": "00:10:18", "end": "00:10:21", "text": "market while consuming as well and I"}, {"start": "00:10:20", "end": "00:10:24", "text": "think you'll see a lot more of that"}, {"start": "00:10:21", "end": "00:10:25", "text": ">> now that collocation or like the other"}, {"start": "00:10:24", "end": "00:10:27", "text": "offtakes of the energy what would they"}, {"start": "00:10:25", "end": "00:10:29", "text": "be doing is it other types of data"}, {"start": "00:10:27", "end": "00:10:30", "text": "consumption or or is there something"}, {"start": "00:10:29", "end": "00:10:32", "text": "else"}, {"start": "00:10:30", "end": "00:10:34", "text": ">> so as we Think about it from a Huda"}, {"start": "00:10:32", "end": "00:10:36", "text": "perspective. Today we have two large use"}, {"start": "00:10:34", "end": "00:10:38", "text": "cases, right? We have use cases for ASIC"}, {"start": "00:10:36", "end": "00:10:39", "text": "that kind of power the Bitcoin network"}, {"start": "00:10:38", "end": "00:10:41", "text": "and security. And we're also big"}, {"start": "00:10:39", "end": "00:10:43", "text": "believers. If Bitcoin is going to be a"}, {"start": "00:10:41", "end": "00:10:45", "text": "currency around the world that people"}, {"start": "00:10:43", "end": "00:10:47", "text": "trust, we want that compute or a large"}, {"start": "00:10:45", "end": "00:10:50", "text": "portion of that compute to be in the US"}, {"start": "00:10:47", "end": "00:10:53", "text": "rather in countries that um whether it"}, {"start": "00:10:50", "end": "00:10:56", "text": "be kind of Iran, Russia, Ukraine, China,"}, {"start": "00:10:53", "end": "00:10:58", "text": "like we we want it to be in countries um"}, {"start": "00:10:56", "end": "00:11:00", "text": "that are more on in in the west. And so"}, {"start": "00:10:58", "end": "00:11:01", "text": "maintaining compute in the US we think"}, {"start": "00:11:00", "end": "00:11:04", "text": "is kind of critical to national"}, {"start": "00:11:01", "end": "00:11:05", "text": "security. Separately is from an AI"}, {"start": "00:11:04", "end": "00:11:08", "text": "compute perspective. So these two loads"}, {"start": "00:11:05", "end": "00:11:10", "text": "are very different. AI compute is more"}, {"start": "00:11:08", "end": "00:11:12", "text": "bursty more based on workloads and kind"}, {"start": "00:11:10", "end": "00:11:14", "text": "of a traditional data center they"}, {"start": "00:11:12", "end": "00:11:15", "text": "consume and it's less price sensitive"}, {"start": "00:11:14", "end": "00:11:17", "text": "where Bitcoin you trade around price"}, {"start": "00:11:15", "end": "00:11:19", "text": "volatility. And so these are interesting"}, {"start": "00:11:17", "end": "00:11:21", "text": "loads that can actually work together"}, {"start": "00:11:19", "end": "00:11:23", "text": "because one doesn't have to be online"}, {"start": "00:11:21", "end": "00:11:25", "text": "all the time and one does. Um and so"}, {"start": "00:11:23", "end": "00:11:27", "text": "other use cases we're seeing in the US"}, {"start": "00:11:25", "end": "00:11:28", "text": "today, you see advanced manufacturing,"}, {"start": "00:11:27", "end": "00:11:30", "text": "you see these kind of onshoring, you"}, {"start": "00:11:28", "end": "00:11:32", "text": "know, these chip manufacturing"}, {"start": "00:11:30", "end": "00:11:34", "text": "companies, fab manufacturing companies"}, {"start": "00:11:32", "end": "00:11:35", "text": "that are all large scale energy campuses"}, {"start": "00:11:34", "end": "00:11:37", "text": "in the hundreds of megawatts, if not"}, {"start": "00:11:35", "end": "00:11:39", "text": "gigawatts as well. And you'll see more"}, {"start": "00:11:37", "end": "00:11:41", "text": "of that as we step into the world of"}, {"start": "00:11:39", "end": "00:11:43", "text": "robotics and advanced manufacturing."}, {"start": "00:11:41", "end": "00:11:45", "text": "Now, another thing I've heard is there's"}, {"start": "00:11:43", "end": "00:11:48", "text": "obviously the mega sites, you know, uh,"}, {"start": "00:11:45", "end": "00:11:49", "text": "hundreds of um, megawws, but then I've"}, {"start": "00:11:48", "end": "00:11:51", "text": "also seen people talk about, well,"}, {"start": "00:11:49", "end": "00:11:53", "text": "actually closer to urban areas, we're"}, {"start": "00:11:51", "end": "00:11:55", "text": "going to need 50 to 100 megawatt sites."}, {"start": "00:11:53", "end": "00:11:56", "text": "How do you think through the mega sites"}, {"start": "00:11:55", "end": "00:12:00", "text": "versus maybe the smaller sites that are"}, {"start": "00:11:56", "end": "00:12:00", "text": "closer to the density?"}, {"start": "00:12:00", "end": "00:12:03", "text": ">> I'll talk about it from a power then"}, {"start": "00:12:02", "end": "00:12:05", "text": "kind of a latency perspective."}, {"start": "00:12:03", "end": "00:12:08", "text": "Historically, there's was this belief"}, {"start": "00:12:05", "end": "00:12:10", "text": "that like you could only do training"}, {"start": "00:12:08", "end": "00:12:12", "text": "farther out and you have to be much"}, {"start": "00:12:10", "end": "00:12:14", "text": "closer to population density to to to"}, {"start": "00:12:12", "end": "00:12:17", "text": "have better latency to run workloads. If"}, {"start": "00:12:14", "end": "00:12:18", "text": "folks use Chad GPT or use claw or use"}, {"start": "00:12:17", "end": "00:12:20", "text": "Grock, you realize that sometimes you"}, {"start": "00:12:18", "end": "00:12:21", "text": "ask it a question and it goes and it"}, {"start": "00:12:20", "end": "00:12:24", "text": "thinks for some time and then comes"}, {"start": "00:12:21", "end": "00:12:26", "text": "back. So that really quick latency is"}, {"start": "00:12:24", "end": "00:12:28", "text": "less relevant compared to a world where"}, {"start": "00:12:26", "end": "00:12:30", "text": "you're browsing"}, {"start": "00:12:28", "end": "00:12:33", "text": "your emails or social media or whatever"}, {"start": "00:12:30", "end": "00:12:35", "text": "it may be. And so we've seen that these"}, {"start": "00:12:33", "end": "00:12:37", "text": "large scale campuses actually the the"}, {"start": "00:12:35", "end": "00:12:41", "text": "ability to build kind of these inference"}, {"start": "00:12:37", "end": "00:12:44", "text": "loads not just in population dense areas"}, {"start": "00:12:41", "end": "00:12:46", "text": "and first uh kind of tier markets is a"}, {"start": "00:12:44", "end": "00:12:50", "text": "reality today. At the same time you have"}, {"start": "00:12:46", "end": "00:12:52", "text": "a power constraint which is how much"}, {"start": "00:12:50", "end": "00:12:54", "text": "power at scale can you get and that's"}, {"start": "00:12:52", "end": "00:12:55", "text": "becoming harder and harder. And so I"}, {"start": "00:12:54", "end": "00:12:58", "text": "think you're going to see a lot more"}, {"start": "00:12:55", "end": "00:12:59", "text": "smaller campuses being deployed because"}, {"start": "00:12:58", "end": "00:13:02", "text": "it's easier to be able to say all right"}, {"start": "00:12:59", "end": "00:13:04", "text": "let's consume 5 15 50 megawws rather"}, {"start": "00:13:02", "end": "00:13:06", "text": "than go build a thousand megawatt campus"}, {"start": "00:13:04", "end": "00:13:07", "text": "and so you'll see both and you'll see"}, {"start": "00:13:06", "end": "00:13:08", "text": "people building infrastructure across"}, {"start": "00:13:07", "end": "00:13:10", "text": "both sets."}, {"start": "00:13:08", "end": "00:13:12", "text": ">> Now another thing that I think people"}, {"start": "00:13:10", "end": "00:13:13", "text": "are trying to figure out is uh at the"}, {"start": "00:13:12", "end": "00:13:14", "text": "same time we're trying to get power"}, {"start": "00:13:13", "end": "00:13:16", "text": "we're trying to get the data centers"}, {"start": "00:13:14", "end": "00:13:18", "text": "built and there's a bunch of um kind of"}, {"start": "00:13:16", "end": "00:13:21", "text": "constraints or obstacles in just those"}, {"start": "00:13:18", "end": "00:13:22", "text": "two things alone. Also there's a lot of"}, {"start": "00:13:21", "end": "00:13:24", "text": "movement in like what is going inside"}, {"start": "00:13:22", "end": "00:13:27", "text": "the data center. The hardware itself is"}, {"start": "00:13:24", "end": "00:13:28", "text": "being rapidly innovated on and these"}, {"start": "00:13:27", "end": "00:13:30", "text": "large language models are now putting a"}, {"start": "00:13:28", "end": "00:13:31", "text": "lot of money and they're trying to"}, {"start": "00:13:30", "end": "00:13:34", "text": "figure out like who can get the"}, {"start": "00:13:31", "end": "00:13:35", "text": "advantage on the actual metal itself and"}, {"start": "00:13:34", "end": "00:13:37", "text": "so are you guys participating in that or"}, {"start": "00:13:35", "end": "00:13:39", "text": "you are just trying to deliver you know"}, {"start": "00:13:37", "end": "00:13:41", "text": "powered shells or just the power itself"}, {"start": "00:13:39", "end": "00:13:43", "text": "and and leave that for somebody else."}, {"start": "00:13:41", "end": "00:13:45", "text": ">> We are building full turnkey solutions."}, {"start": "00:13:43", "end": "00:13:46", "text": "So we're not just building the powered"}, {"start": "00:13:45", "end": "00:13:48", "text": "shell we're building everything that"}, {"start": "00:13:46", "end": "00:13:50", "text": "goes inside the data center as well. And"}, {"start": "00:13:48", "end": "00:13:52", "text": "as we think about the long-term kind of"}, {"start": "00:13:50", "end": "00:13:54", "text": "competitive edge in the data center"}, {"start": "00:13:52", "end": "00:13:56", "text": "market, what matters most is your cost"}, {"start": "00:13:54", "end": "00:13:59", "text": "per token, which is like your unit of"}, {"start": "00:13:56", "end": "00:14:01", "text": "compute and your cost per token on a"}, {"start": "00:13:59", "end": "00:14:03", "text": "fully depreciated and advertised basis."}, {"start": "00:14:01", "end": "00:14:06", "text": "And so that means you don't really care"}, {"start": "00:14:03", "end": "00:14:08", "text": "if the costs are in capex or in opex."}, {"start": "00:14:06", "end": "00:14:09", "text": "You care about the all-in cost of that"}, {"start": "00:14:08", "end": "00:14:11", "text": "infrastructure. And the three pieces"}, {"start": "00:14:09", "end": "00:14:14", "text": "that really drive those costs are one"}, {"start": "00:14:11", "end": "00:14:16", "text": "the cost of energy, two the cost of the"}, {"start": "00:14:14", "end": "00:14:17", "text": "data center, and three the cost of the"}, {"start": "00:14:16", "end": "00:14:19", "text": "chips and the technology that"}, {"start": "00:14:17", "end": "00:14:21", "text": "orchestration runs it all to run it the"}, {"start": "00:14:19", "end": "00:14:22", "text": "most efficiently to get the most compute"}, {"start": "00:14:21", "end": "00:14:25", "text": "out of that infrastructure stack. And so"}, {"start": "00:14:22", "end": "00:14:28", "text": "at HUD, we're proud because we're not"}, {"start": "00:14:25", "end": "00:14:30", "text": "just a data center business. We've own"}, {"start": "00:14:28", "end": "00:14:32", "text": "power plants in our history. We own four"}, {"start": "00:14:30", "end": "00:14:34", "text": "power plants. We have behind the meter"}, {"start": "00:14:32", "end": "00:14:36", "text": "assets, front the meter assets. And so I"}, {"start": "00:14:34", "end": "00:14:38", "text": "think understanding that full value"}, {"start": "00:14:36", "end": "00:14:40", "text": "chain on the compute side we have"}, {"start": "00:14:38", "end": "00:14:42", "text": "another company called high-rise.ai that"}, {"start": "00:14:40", "end": "00:14:44", "text": "we incubated and that's like a neocloud"}, {"start": "00:14:42", "end": "00:14:45", "text": "business cororeweave. And so we"}, {"start": "00:14:44", "end": "00:14:48", "text": "understand this full stack from"}, {"start": "00:14:45", "end": "00:14:51", "text": "beginning to end and can think about how"}, {"start": "00:14:48", "end": "00:14:52", "text": "to drive efficiencies across a full"}, {"start": "00:14:51", "end": "00:14:54", "text": "chain to drive the thing that matters"}, {"start": "00:14:52", "end": "00:14:56", "text": "most which is your cost per token."}, {"start": "00:14:54", "end": "00:14:57", "text": ">> Today's episode is brought to you by"}, {"start": "00:14:56", "end": "00:14:59", "text": "simple mining. Bitcoin mining has a"}, {"start": "00:14:57", "end": "00:15:01", "text": "reputation for being complicated, risky,"}, {"start": "00:14:59", "end": "00:15:03", "text": "and hard to evaluate as a real"}, {"start": "00:15:01", "end": "00:15:05", "text": "investment. If you're considering mining"}, {"start": "00:15:03", "end": "00:15:08", "text": "in 2026, what actually matters isn't"}, {"start": "00:15:05", "end": "00:15:09", "text": "headline profitability, it's uptime,"}, {"start": "00:15:08", "end": "00:15:11", "text": "repairs, and whether the operation is"}, {"start": "00:15:09", "end": "00:15:13", "text": "run like a real business. That's why"}, {"start": "00:15:11", "end": "00:15:15", "text": "I've been using Simple Mining. They're"}, {"start": "00:15:13", "end": "00:15:17", "text": "based in Cedar Falls, Iowa, and they run"}, {"start": "00:15:15", "end": "00:15:19", "text": "a white glove hosting operation where"}, {"start": "00:15:17", "end": "00:15:21", "text": "you own your miners. You choose your own"}, {"start": "00:15:19", "end": "00:15:23", "text": "pool, and you have Bitcoin sent directly"}, {"start": "00:15:21", "end": "00:15:25", "text": "to your wallet. 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And if"}, {"start": "00:15:39", "end": "00:15:42", "text": "you want to resize or upgrade your"}, {"start": "00:15:41", "end": "00:15:44", "text": "fleet, there's a marketplace to resell"}, {"start": "00:15:42", "end": "00:15:46", "text": "equipment instead of being stuck. To"}, {"start": "00:15:44", "end": "00:15:47", "text": "help people think it through whether"}, {"start": "00:15:46", "end": "00:15:49", "text": "mining actually makes sense right now,"}, {"start": "00:15:47", "end": "00:15:51", "text": "they put together a short resource"}, {"start": "00:15:49", "end": "00:15:53", "text": "called the 2026 Bitcoin mining"}, {"start": "00:15:51", "end": "00:15:54", "text": "blueprint. It walks through the five"}, {"start": "00:15:53", "end": "00:15:56", "text": "mistakes investors make when allocating"}, {"start": "00:15:54", "end": "00:15:58", "text": "to mining, and they also explain how to"}, {"start": "00:15:56", "end": "00:16:00", "text": "avoid them before deploying capital. If"}, {"start": "00:15:58", "end": "00:16:04", "text": "it sounds interesting to you, you can"}, {"start": "00:16:00", "end": "00:16:07", "text": "get it for free at simplemining.io/p."}, {"start": "00:16:04", "end": "00:16:09", "text": "That's simplemining.io/pom."}, {"start": "00:16:07", "end": "00:16:11", "text": "Go check it out today and see if you"}, {"start": "00:16:09", "end": "00:16:13", "text": "should get into the mining game. Today's"}, {"start": "00:16:11", "end": "00:16:14", "text": "episode is brought to you by Fountain"}, {"start": "00:16:13", "end": "00:16:16", "text": "Life."}, {"start": "00:16:14", "end": "00:16:19", "text": "Your body is incredibly good at hiding"}, {"start": "00:16:16", "end": "00:16:22", "text": "disease"}, {"start": "00:16:19", "end": "00:16:22", "text": "unless you look."}, {"start": "00:16:31", "end": "00:16:34", "text": "True wealth isn't measured in"}, {"start": "00:16:32", "end": "00:16:36", "text": "possession."}, {"start": "00:16:34", "end": "00:16:39", "text": "It's measured in the time you gain,"}, {"start": "00:16:36", "end": "00:16:41", "text": "the energy you feel, and the life you"}, {"start": "00:16:39", "end": "00:16:42", "text": "create. It may be the smartest"}, {"start": "00:16:41", "end": "00:16:45", "text": "investment of your time you'll ever"}, {"start": "00:16:42", "end": "00:16:45", "text": "make."}, {"start": "00:16:49", "end": "00:16:57", "text": "Life is so very very precious and I want"}, {"start": "00:16:53", "end": "00:17:00", "text": "each of you to be truly awakened to your"}, {"start": "00:16:57", "end": "00:17:03", "text": "aliveness and live longer without"}, {"start": "00:17:00", "end": "00:17:03", "text": "limits."}, {"start": "00:17:06", "end": "00:17:10", "text": ">> Your number one job is to educate"}, {"start": "00:17:08", "end": "00:17:13", "text": "yourself and Fountain wants to help"}, {"start": "00:17:10", "end": "00:17:13", "text": "educate you."}, {"start": "00:17:16", "end": "00:17:20", "text": "Now you guys are striking very large"}, {"start": "00:17:17", "end": "00:17:22", "text": "deals. Last one was over $9 billion of"}, {"start": "00:17:20", "end": "00:17:24", "text": "uh revenue. I think that uh that that's"}, {"start": "00:17:22", "end": "00:17:25", "text": "part of that contract. Um what's that"}, {"start": "00:17:24", "end": "00:17:26", "text": "process like? So you guys know, okay, we"}, {"start": "00:17:25", "end": "00:17:28", "text": "got the land. We're going to go power"}, {"start": "00:17:26", "end": "00:17:29", "text": "with this thing. But we need to have a"}, {"start": "00:17:28", "end": "00:17:31", "text": "partner. We need to have somebody who's"}, {"start": "00:17:29", "end": "00:17:33", "text": "actually going to pay us for this. Do"}, {"start": "00:17:31", "end": "00:17:35", "text": "you just call up a bunch of companies"}, {"start": "00:17:33", "end": "00:17:37", "text": "and say, \"Hey, I got land. I got power."}, {"start": "00:17:35", "end": "00:17:38", "text": "Let's have a conversation.\" you know"}, {"start": "00:17:37", "end": "00:17:40", "text": "just walk through maybe how do you get"}, {"start": "00:17:38", "end": "00:17:42", "text": "in touch with these people and and what"}, {"start": "00:17:40", "end": "00:17:44", "text": "are those conversations like right now"}, {"start": "00:17:42", "end": "00:17:46", "text": ">> we've built really deep relationships"}, {"start": "00:17:44", "end": "00:17:47", "text": "with some of the largest consumers of"}, {"start": "00:17:46", "end": "00:17:49", "text": "comput in the world that's some of the"}, {"start": "00:17:47", "end": "00:17:52", "text": "largest investment grade hyperscalers"}, {"start": "00:17:49", "end": "00:17:56", "text": "that's the AI labs like the anthropics"}, {"start": "00:17:52", "end": "00:17:58", "text": "open AI X's that's also the fast growing"}, {"start": "00:17:56", "end": "00:18:01", "text": "companies that are AI companies that are"}, {"start": "00:17:58", "end": "00:18:03", "text": "growing as well and creating use cases"}, {"start": "00:18:01", "end": "00:18:04", "text": "across the board that are consuming"}, {"start": "00:18:03", "end": "00:18:06", "text": "hundreds of millions if not billions of"}, {"start": "00:18:04", "end": "00:18:08", "text": "dollars of compute and so you have"}, {"start": "00:18:06", "end": "00:18:10", "text": "massively growing market. Um, and then"}, {"start": "00:18:08", "end": "00:18:11", "text": "enterprise is slowly starting to"}, {"start": "00:18:10", "end": "00:18:13", "text": "percolate right now as well. And so for"}, {"start": "00:18:11", "end": "00:18:14", "text": "us, we're excited because we've"}, {"start": "00:18:13", "end": "00:18:16", "text": "approached these relationships as"}, {"start": "00:18:14", "end": "00:18:18", "text": "partnerships. And the way that we've"}, {"start": "00:18:16", "end": "00:18:20", "text": "approached it is not we have this piece"}, {"start": "00:18:18", "end": "00:18:22", "text": "of inventory. Do you want it or not? But"}, {"start": "00:18:20", "end": "00:18:24", "text": "what is your long-term growth map? And"}, {"start": "00:18:22", "end": "00:18:26", "text": "can we be infrastructure partners to you"}, {"start": "00:18:24", "end": "00:18:27", "text": "all? And that's how we've really"}, {"start": "00:18:26", "end": "00:18:29", "text": "approached and been building our deals"}, {"start": "00:18:27", "end": "00:18:31", "text": "that come together. And that's really"}, {"start": "00:18:29", "end": "00:18:32", "text": "kind of the mindset that we're taking as"}, {"start": "00:18:31", "end": "00:18:35", "text": "we're continue to grow and scale."}, {"start": "00:18:32", "end": "00:18:36", "text": ">> Now $9 billion. I think there's a lot of"}, {"start": "00:18:35", "end": "00:18:38", "text": "companies who would love to sign a deal"}, {"start": "00:18:36", "end": "00:18:39", "text": "like that. How do you know the numbers"}, {"start": "00:18:38", "end": "00:18:41", "text": "are right? You know, so much is changing"}, {"start": "00:18:39", "end": "00:18:43", "text": "in terms of some of these are 10 plus"}, {"start": "00:18:41", "end": "00:18:45", "text": "year contracts. And I think one of the"}, {"start": "00:18:43", "end": "00:18:46", "text": "questions that investors have of the"}, {"start": "00:18:45", "end": "00:18:47", "text": "hyperscalers in particular is like are"}, {"start": "00:18:46", "end": "00:18:49", "text": "they going to get a return on their"}, {"start": "00:18:47", "end": "00:18:50", "text": "investment? You guys are a little bit"}, {"start": "00:18:49", "end": "00:18:52", "text": "different because you're basically"}, {"start": "00:18:50", "end": "00:18:53", "text": "signing up it as revenue, but how do you"}, {"start": "00:18:52", "end": "00:18:54", "text": "protect yourself or what are some of the"}, {"start": "00:18:53", "end": "00:18:56", "text": "things that if you're an investor"}, {"start": "00:18:54", "end": "00:18:58", "text": "looking at a company like HUD or other"}, {"start": "00:18:56", "end": "00:19:00", "text": "that people should be looking for to"}, {"start": "00:18:58", "end": "00:19:01", "text": "know, hey, this contract is good, it's"}, {"start": "00:19:00", "end": "00:19:03", "text": "high quality, they're likely to get paid"}, {"start": "00:19:01", "end": "00:19:05", "text": "on it."}, {"start": "00:19:03", "end": "00:19:07", "text": "So today, if you look at the two deals"}, {"start": "00:19:05", "end": "00:19:09", "text": "that we've announced, they're 15-year"}, {"start": "00:19:07", "end": "00:19:11", "text": "contracts. Both of them, both of them"}, {"start": "00:19:09", "end": "00:19:13", "text": "are investment grade counterparties that"}, {"start": "00:19:11", "end": "00:19:16", "text": "back the payments of those obligations"}, {"start": "00:19:13", "end": "00:19:18", "text": "during the 15 years. And so you have"}, {"start": "00:19:16", "end": "00:19:19", "text": "basically the most valuable"}, {"start": "00:19:18", "end": "00:19:22", "text": "multi-trillion dollar companies in the"}, {"start": "00:19:19", "end": "00:19:23", "text": "world supporting uh the cash flows of"}, {"start": "00:19:22", "end": "00:19:25", "text": "these and those are diversified"}, {"start": "00:19:23", "end": "00:19:27", "text": "businesses that have a variety of"}, {"start": "00:19:25", "end": "00:19:28", "text": "different revenue streams. Um and so you"}, {"start": "00:19:27", "end": "00:19:30", "text": "have an investment grade kind of"}, {"start": "00:19:28", "end": "00:19:31", "text": "counterparty standing behind it. It's"}, {"start": "00:19:30", "end": "00:19:34", "text": "not just a startup that is using the"}, {"start": "00:19:31", "end": "00:19:36", "text": "compute. It's a take or pay kind of"}, {"start": "00:19:34", "end": "00:19:38", "text": "triple net lease where they're obligated"}, {"start": "00:19:36", "end": "00:19:40", "text": "to pay those payments every single month"}, {"start": "00:19:38", "end": "00:19:41", "text": "regardless of if they want to use it or"}, {"start": "00:19:40", "end": "00:19:43", "text": "not. Like they are committing to that"}, {"start": "00:19:41", "end": "00:19:45", "text": "infrastructure stack and we have a"}, {"start": "00:19:43", "end": "00:19:46", "text": "commitment and belief in them that"}, {"start": "00:19:45", "end": "00:19:48", "text": "they'll continue to grow and continue to"}, {"start": "00:19:46", "end": "00:19:50", "text": "scale. And so in total between those two"}, {"start": "00:19:48", "end": "00:19:52", "text": "over the duration of those contracts,"}, {"start": "00:19:50", "end": "00:19:54", "text": "it's almost $17 billion in total"}, {"start": "00:19:52", "end": "00:19:57", "text": "contract value between the two projects."}, {"start": "00:19:54", "end": "00:19:58", "text": "Um but stabilized contract value with"}, {"start": "00:19:57", "end": "00:20:02", "text": "some of the most creditw worthy"}, {"start": "00:19:58", "end": "00:20:04", "text": "companies in the world um backing them."}, {"start": "00:20:02", "end": "00:20:05", "text": "Now you have this Riverbend project."}, {"start": "00:20:04", "end": "00:20:07", "text": "It's one of the two big ones that you"}, {"start": "00:20:05", "end": "00:20:09", "text": "guys have. Um there's some unique or or"}, {"start": "00:20:07", "end": "00:20:10", "text": "like innovative financing that you've"}, {"start": "00:20:09", "end": "00:20:12", "text": "put around this project. Can you talk"}, {"start": "00:20:10", "end": "00:20:14", "text": "about you know what is the financing and"}, {"start": "00:20:12", "end": "00:20:16", "text": "how it's structured? But why is this"}, {"start": "00:20:14", "end": "00:20:18", "text": "unique and no one's done it before?"}, {"start": "00:20:16", "end": "00:20:21", "text": ">> So most of the financing that we see in"}, {"start": "00:20:18", "end": "00:20:23", "text": "the market in the data center space is"}, {"start": "00:20:21", "end": "00:20:24", "text": "kind of short-term construction like"}, {"start": "00:20:23", "end": "00:20:26", "text": "bridge financing. So whether that be 2"}, {"start": "00:20:24", "end": "00:20:28", "text": "to 5 year 10 years meaning you get the"}, {"start": "00:20:26", "end": "00:20:30", "text": "money it's a little bit more expensive"}, {"start": "00:20:28", "end": "00:20:32", "text": "but you go and you construct and build a"}, {"start": "00:20:30", "end": "00:20:34", "text": "data center and then once the data"}, {"start": "00:20:32", "end": "00:20:36", "text": "center is stabilized then you go and you"}, {"start": "00:20:34", "end": "00:20:37", "text": "refinance that project and you get a"}, {"start": "00:20:36", "end": "00:20:38", "text": "little bit of a cheaper cost of capital"}, {"start": "00:20:37", "end": "00:20:40", "text": "because you don't take the risk of"}, {"start": "00:20:38", "end": "00:20:42", "text": "construction and you refinance it for"}, {"start": "00:20:40", "end": "00:20:44", "text": "the duration of the project. What was"}, {"start": "00:20:42", "end": "00:20:47", "text": "interesting is from a credit"}, {"start": "00:20:44", "end": "00:20:49", "text": "perspective, so we had S&P and Fitch uh"}, {"start": "00:20:47", "end": "00:20:51", "text": "kind of radar project. Usually you get"}, {"start": "00:20:49", "end": "00:20:53", "text": "kind of like a subinvestment grade"}, {"start": "00:20:51", "end": "00:20:55", "text": "rating during construction because the"}, {"start": "00:20:53", "end": "00:20:57", "text": "construction risk and then once you"}, {"start": "00:20:55", "end": "00:20:59", "text": "finish the construction depending on who"}, {"start": "00:20:57", "end": "00:21:01", "text": "your tenant is and who your offtake is,"}, {"start": "00:20:59", "end": "00:21:03", "text": "then if it's an investment grade part"}, {"start": "00:21:01", "end": "00:21:04", "text": "counterparty, then you'll get an"}, {"start": "00:21:03", "end": "00:21:06", "text": "investment grade uh credit after"}, {"start": "00:21:04", "end": "00:21:08", "text": "commercialization."}, {"start": "00:21:06", "end": "00:21:10", "text": "What was unique is because of how we"}, {"start": "00:21:08", "end": "00:21:13", "text": "de-risk execution of the project and"}, {"start": "00:21:10", "end": "00:21:15", "text": "delivery, our project was actually"}, {"start": "00:21:13", "end": "00:21:18", "text": "investment grade day one and that"}, {"start": "00:21:15", "end": "00:21:19", "text": "allowed us to be able to go and raise"}, {"start": "00:21:18", "end": "00:21:21", "text": "capital from the investment grade"}, {"start": "00:21:19", "end": "00:21:22", "text": "markets day one instead of from the high"}, {"start": "00:21:21", "end": "00:21:25", "text": "yield markets or from the project"}, {"start": "00:21:22", "end": "00:21:27", "text": "finance uh uh kind of bank markets and"}, {"start": "00:21:25", "end": "00:21:29", "text": "so that the investment grade markets"}, {"start": "00:21:27", "end": "00:21:31", "text": "gave us duration. So instead of doing a"}, {"start": "00:21:29", "end": "00:21:33", "text": "two to fiveyear financing because I"}, {"start": "00:21:31", "end": "00:21:35", "text": "think the risk you face there is in two"}, {"start": "00:21:33", "end": "00:21:37", "text": "to five years you you have all these"}, {"start": "00:21:35", "end": "00:21:39", "text": "data centers being built today that are"}, {"start": "00:21:37", "end": "00:21:41", "text": "all going to need to be refinanced and"}, {"start": "00:21:39", "end": "00:21:43", "text": "so you'll have maybe 100 plus billion"}, {"start": "00:21:41", "end": "00:21:45", "text": "dollars of infrastructure that needs to"}, {"start": "00:21:43", "end": "00:21:46", "text": "be refinanced at that time and so what"}, {"start": "00:21:45", "end": "00:21:48", "text": "is going to be the appetite to refinance"}, {"start": "00:21:46", "end": "00:21:50", "text": "in that moment what is going to be the"}, {"start": "00:21:48", "end": "00:21:51", "text": "overall sentiment in the market and I"}, {"start": "00:21:50", "end": "00:21:53", "text": "think that's a risk that we really"}, {"start": "00:21:51", "end": "00:21:55", "text": "wanted to take away in the first project"}, {"start": "00:21:53", "end": "00:21:57", "text": "when we announced Riverbend and because"}, {"start": "00:21:55", "end": "00:21:59", "text": "of the investment grade status we felt"}, {"start": "00:21:57", "end": "00:22:01", "text": "like we could take away that risk. And"}, {"start": "00:21:59", "end": "00:22:03", "text": "so what we ended up doing was we're one"}, {"start": "00:22:01", "end": "00:22:05", "text": "of the first investment grade kind of"}, {"start": "00:22:03", "end": "00:22:06", "text": "construction phase data center projects"}, {"start": "00:22:05", "end": "00:22:07", "text": "in the market ever. And we were taking a"}, {"start": "00:22:06", "end": "00:22:10", "text": "bit of a risk when we did it because it"}, {"start": "00:22:07", "end": "00:22:14", "text": "was kind of a first of its kind. And we"}, {"start": "00:22:10", "end": "00:22:17", "text": "size the uh capital we raise to over 16"}, {"start": "00:22:14", "end": "00:22:18", "text": "1/2 years. So instead of 2 to 5, it"}, {"start": "00:22:17", "end": "00:22:21", "text": "basically covers a construction period"}, {"start": "00:22:18", "end": "00:22:23", "text": "plus the full 15-year lease. and the"}, {"start": "00:22:21", "end": "00:22:27", "text": "full debt gets paid down via the cash"}, {"start": "00:22:23", "end": "00:22:29", "text": "flows of the project rather than via a"}, {"start": "00:22:27", "end": "00:22:32", "text": "refinancing that you expect to have. So"}, {"start": "00:22:29", "end": "00:22:34", "text": "what we felt like is for Had it fully"}, {"start": "00:22:32", "end": "00:22:35", "text": "derisks any refinancing risk and we've"}, {"start": "00:22:34", "end": "00:22:37", "text": "already derised so much of the project."}, {"start": "00:22:35", "end": "00:22:39", "text": "It took the financing piece out of it as"}, {"start": "00:22:37", "end": "00:22:41", "text": "well. And for investors, they didn't"}, {"start": "00:22:39", "end": "00:22:42", "text": "have to take the bet that we were going"}, {"start": "00:22:41", "end": "00:22:44", "text": "to be able to refinance us to pay them"}, {"start": "00:22:42", "end": "00:22:46", "text": "back. We had the cash flows that are"}, {"start": "00:22:44", "end": "00:22:48", "text": "backed by investment counterparts to be"}, {"start": "00:22:46", "end": "00:22:50", "text": "able to do so. And so it was led by JP"}, {"start": "00:22:48", "end": "00:22:52", "text": "Morgan, Goldman Sachs, and Morgan"}, {"start": "00:22:50", "end": "00:22:54", "text": "Stanley. And we had a phenomenal"}, {"start": "00:22:52", "end": "00:22:56", "text": "outcome. Really proud. And had some of"}, {"start": "00:22:54", "end": "00:22:58", "text": "the most institutional, some of the most"}, {"start": "00:22:56", "end": "00:23:02", "text": "blue chip names in the market. So we"}, {"start": "00:22:58", "end": "00:23:04", "text": "raised over $3.2 billion. And we had 10"}, {"start": "00:23:02", "end": "00:23:06", "text": "billion dollars plus of uh demand across"}, {"start": "00:23:04", "end": "00:23:08", "text": "the book from the most well-known"}, {"start": "00:23:06", "end": "00:23:09", "text": "institutions around the world."}, {"start": "00:23:08", "end": "00:23:11", "text": ">> How many of these can you do a year?"}, {"start": "00:23:09", "end": "00:23:12", "text": "Right. So you guys have two major ones."}, {"start": "00:23:11", "end": "00:23:13", "text": "You obviously have the Bitcoin mining,"}, {"start": "00:23:12", "end": "00:23:15", "text": "you've got some other projects that are"}, {"start": "00:23:13", "end": "00:23:17", "text": "underway, but is this like one mega"}, {"start": "00:23:15", "end": "00:23:18", "text": "project per year? is the pace at which"}, {"start": "00:23:17", "end": "00:23:20", "text": "you think you can go. Can you do four or"}, {"start": "00:23:18", "end": "00:23:22", "text": "five of them?"}, {"start": "00:23:20", "end": "00:23:23", "text": ">> So, we're doing two already. Um, and"}, {"start": "00:23:22", "end": "00:23:26", "text": "we're looking at expansion on those"}, {"start": "00:23:23", "end": "00:23:29", "text": "campuses as well. But as a company, the"}, {"start": "00:23:26", "end": "00:23:30", "text": "way that we're really building is if you"}, {"start": "00:23:29", "end": "00:23:32", "text": "think about like some of the most"}, {"start": "00:23:30", "end": "00:23:34", "text": "successful kind of hedge funds, they"}, {"start": "00:23:32", "end": "00:23:35", "text": "have this pod model, right? Where you"}, {"start": "00:23:34", "end": "00:23:37", "text": "have pods that go and run different"}, {"start": "00:23:35", "end": "00:23:38", "text": "initiatives. And that's really kind of"}, {"start": "00:23:37", "end": "00:23:40", "text": "how we've built our business. We have"}, {"start": "00:23:38", "end": "00:23:42", "text": "this PR these principles that are part"}, {"start": "00:23:40", "end": "00:23:44", "text": "of a task force and they go and they"}, {"start": "00:23:42", "end": "00:23:45", "text": "build and run a project. And so for us"}, {"start": "00:23:44", "end": "00:23:48", "text": "and then we have partners that can scale"}, {"start": "00:23:45", "end": "00:23:51", "text": "with us. The reason we chose Jacobs and"}, {"start": "00:23:48", "end": "00:23:54", "text": "Vera from an EPCM which is engineering"}, {"start": "00:23:51", "end": "00:23:56", "text": "uh construction management to supply"}, {"start": "00:23:54", "end": "00:23:58", "text": "chain is because these companies are"}, {"start": "00:23:56", "end": "00:24:00", "text": "some of the biggest companies in the"}, {"start": "00:23:58", "end": "00:24:02", "text": "ecosystem. Jacobs is 40,000 employees"}, {"start": "00:24:00", "end": "00:24:04", "text": "worldwide. Ver is a 100 plus billion"}, {"start": "00:24:02", "end": "00:24:07", "text": "dollar company and so they can grow with"}, {"start": "00:24:04", "end": "00:24:09", "text": "our scale and our demand as well. Um,"}, {"start": "00:24:07", "end": "00:24:10", "text": "and then from a financing perspective,"}, {"start": "00:24:09", "end": "00:24:12", "text": "who has a stronger balance sheet than JP"}, {"start": "00:24:10", "end": "00:24:13", "text": "Morgan and Golden Sask and Morgan"}, {"start": "00:24:12", "end": "00:24:15", "text": "Stanley? And so we're really proud of"}, {"start": "00:24:13", "end": "00:24:18", "text": "the partners we brought together so that"}, {"start": "00:24:15", "end": "00:24:19", "text": "as we scale, they can scale with us and"}, {"start": "00:24:18", "end": "00:24:21", "text": "support our growth as well."}, {"start": "00:24:19", "end": "00:24:24", "text": ">> As a CEO of HUT, how do you think about"}, {"start": "00:24:21", "end": "00:24:26", "text": "building stuff yourself versus acquiring"}, {"start": "00:24:24", "end": "00:24:28", "text": "other companies or other uh properties"}, {"start": "00:24:26", "end": "00:24:30", "text": "and sites? Is there a world where you'll"}, {"start": "00:24:28", "end": "00:24:32", "text": "do both or are you guys pretty focused"}, {"start": "00:24:30", "end": "00:24:34", "text": "on just uh development?"}, {"start": "00:24:32", "end": "00:24:36", "text": ">> We're really proud of our ability to"}, {"start": "00:24:34", "end": "00:24:38", "text": "develop. We think that we take a first"}, {"start": "00:24:36", "end": "00:24:40", "text": "principles approach towards how we"}, {"start": "00:24:38", "end": "00:24:42", "text": "develop. How do we develop more"}, {"start": "00:24:40", "end": "00:24:43", "text": "efficiently? How do we develop at a more"}, {"start": "00:24:42", "end": "00:24:46", "text": "efficient cost? How do we develop at a"}, {"start": "00:24:43", "end": "00:24:48", "text": "higher quality? And really proud of what"}, {"start": "00:24:46", "end": "00:24:51", "text": "we build. At the same time, kind of the"}, {"start": "00:24:48", "end": "00:24:52", "text": "market es and flows. Sometimes people"}, {"start": "00:24:51", "end": "00:24:53", "text": "are really excited, things are really"}, {"start": "00:24:52", "end": "00:24:55", "text": "expensive, sometimes things are cheap."}, {"start": "00:24:53", "end": "00:24:56", "text": "And I think as you move forward in the"}, {"start": "00:24:55", "end": "00:24:58", "text": "next couple years, execution is going to"}, {"start": "00:24:56", "end": "00:24:59", "text": "be key. And so there might be"}, {"start": "00:24:58", "end": "00:25:01", "text": "opportunities where we can buy"}, {"start": "00:24:59", "end": "00:25:03", "text": "opportunities, assets where they say,"}, {"start": "00:25:01", "end": "00:25:04", "text": "you know what, I need an execution"}, {"start": "00:25:03", "end": "00:25:05", "text": "partner to come into this project with"}, {"start": "00:25:04", "end": "00:25:07", "text": "us. and that might be an earlier stage"}, {"start": "00:25:05", "end": "00:25:09", "text": "project or I want some type of liquidity"}, {"start": "00:25:07", "end": "00:25:10", "text": "and that might be a later stage project."}, {"start": "00:25:09", "end": "00:25:12", "text": "And so we have a corporate development"}, {"start": "00:25:10", "end": "00:25:14", "text": "M&A team that looks at opportunities all"}, {"start": "00:25:12", "end": "00:25:16", "text": "day. Um but we also our core kind of"}, {"start": "00:25:14", "end": "00:25:17", "text": "growth engine is our development growth"}, {"start": "00:25:16", "end": "00:25:19", "text": "engine because that's where we're going"}, {"start": "00:25:17", "end": "00:25:19", "text": "to get the best yield out of the time we"}, {"start": "00:25:19", "end": "00:25:20", "text": "spend."}, {"start": "00:25:19", "end": "00:25:22", "text": ">> All right. So people are very convinced"}, {"start": "00:25:20", "end": "00:25:24", "text": "we need more data centers, we need more"}, {"start": "00:25:22", "end": "00:25:26", "text": "compute. What are the bottlenecks? Like"}, {"start": "00:25:24", "end": "00:25:28", "text": "energy is a bottleneck. Are there"}, {"start": "00:25:26", "end": "00:25:29", "text": "critical minerals or other things that"}, {"start": "00:25:28", "end": "00:25:31", "text": "you look at and you're like these are"}, {"start": "00:25:29", "end": "00:25:32", "text": "the things that are slowing us down"}, {"start": "00:25:31", "end": "00:25:34", "text": "right now?"}, {"start": "00:25:32", "end": "00:25:36", "text": "So if you think about the kind of the"}, {"start": "00:25:34", "end": "00:25:39", "text": "full chain, I would say right now it's"}, {"start": "00:25:36", "end": "00:25:41", "text": "energy capacity at scale. Um and so"}, {"start": "00:25:39", "end": "00:25:42", "text": "that's generation of energy capacity,"}, {"start": "00:25:41", "end": "00:25:44", "text": "that's transmission capacity if you're"}, {"start": "00:25:42", "end": "00:25:45", "text": "pulling it from the grid. And so that's"}, {"start": "00:25:44", "end": "00:25:47", "text": "from like an power infrastructure"}, {"start": "00:25:45", "end": "00:25:48", "text": "perspective. Then when you go up the"}, {"start": "00:25:47", "end": "00:25:50", "text": "chain to the data center perspective,"}, {"start": "00:25:48", "end": "00:25:52", "text": "it's long lead time supply items. So"}, {"start": "00:25:50", "end": "00:25:53", "text": "that's breakers, transformers, switch"}, {"start": "00:25:52", "end": "00:25:55", "text": "gears, and you're seeing some things"}, {"start": "00:25:53", "end": "00:25:57", "text": "that the government is doing in calling"}, {"start": "00:25:55", "end": "00:25:59", "text": "these kind of national security assets"}, {"start": "00:25:57", "end": "00:26:01", "text": "and bring manufacturing, invest into"}, {"start": "00:25:59", "end": "00:26:02", "text": "manufacturing and reshoring that. And"}, {"start": "00:26:01", "end": "00:26:04", "text": "the third is the chips, right? You're"}, {"start": "00:26:02", "end": "00:26:06", "text": "seeing all these memory companies"}, {"start": "00:26:04", "end": "00:26:09", "text": "skyrocket in terms of their share price"}, {"start": "00:26:06", "end": "00:26:11", "text": "like SanDisk and um and SK and some of"}, {"start": "00:26:09", "end": "00:26:14", "text": "these like large memory companies"}, {"start": "00:26:11", "end": "00:26:15", "text": "because it's not just the GPU itself."}, {"start": "00:26:14", "end": "00:26:17", "text": "It's all the components that go into"}, {"start": "00:26:15", "end": "00:26:19", "text": "that infrastructure stack on the ship"}, {"start": "00:26:17", "end": "00:26:21", "text": "side that support that no matter how big"}, {"start": "00:26:19", "end": "00:26:23", "text": "or small. So I think across the whole"}, {"start": "00:26:21", "end": "00:26:25", "text": "chain the long lead time item or the"}, {"start": "00:26:23", "end": "00:26:27", "text": "bottleneck es and flows depending on"}, {"start": "00:26:25", "end": "00:26:29", "text": "where we are in the market. I think"}, {"start": "00:26:27", "end": "00:26:30", "text": "today people need more infrastructure"}, {"start": "00:26:29", "end": "00:26:33", "text": "quick um and they need more power"}, {"start": "00:26:30", "end": "00:26:35", "text": "capacity in the long term as well."}, {"start": "00:26:33", "end": "00:26:37", "text": ">> Now, are there things that you guys are"}, {"start": "00:26:35", "end": "00:26:39", "text": "doing to try to fix some of those supply"}, {"start": "00:26:37", "end": "00:26:40", "text": "chain stuff or because the way you're"}, {"start": "00:26:39", "end": "00:26:41", "text": "developing and you've got these"}, {"start": "00:26:40", "end": "00:26:43", "text": "partners, you're kind of just"}, {"start": "00:26:41", "end": "00:26:44", "text": "susceptible to whatever the lead times"}, {"start": "00:26:43", "end": "00:26:46", "text": "are."}, {"start": "00:26:44", "end": "00:26:48", "text": ">> No, we are we were definitely very very"}, {"start": "00:26:46", "end": "00:26:51", "text": "cognizant and deep into the supply"}, {"start": "00:26:48", "end": "00:26:54", "text": "chain. We think about how much does it"}, {"start": "00:26:51", "end": "00:26:55", "text": "cost to produce every single piece of"}, {"start": "00:26:54", "end": "00:26:57", "text": "equipment that we buy from someone else"}, {"start": "00:26:55", "end": "00:26:59", "text": "and what are the raw inputs and what are"}, {"start": "00:26:57", "end": "00:27:01", "text": "the lead times, what is the time to"}, {"start": "00:26:59", "end": "00:27:03", "text": "build look like and that's how we drive"}, {"start": "00:27:01", "end": "00:27:05", "text": "kind of our ability to be able to"}, {"start": "00:27:03", "end": "00:27:07", "text": "deliver projects in a super efficient"}, {"start": "00:27:05", "end": "00:27:08", "text": "manner. Um when we announced the"}, {"start": "00:27:07", "end": "00:27:10", "text": "partnerships with Jacob Inverters, we"}, {"start": "00:27:08", "end": "00:27:12", "text": "had almost every other kind of"}, {"start": "00:27:10", "end": "00:27:13", "text": "manufacturer and partner reach out to us"}, {"start": "00:27:12", "end": "00:27:16", "text": "and say can we join the program? Can we"}, {"start": "00:27:13", "end": "00:27:18", "text": "be a part of it as well? And so overall"}, {"start": "00:27:16", "end": "00:27:20", "text": "we're very very deep into the supply"}, {"start": "00:27:18", "end": "00:27:22", "text": "chain. That's how we think we can drive"}, {"start": "00:27:20", "end": "00:27:25", "text": "efficiencies, innovation. And right now,"}, {"start": "00:27:22", "end": "00:27:27", "text": "we don't just buy equipment or hire jigs"}, {"start": "00:27:25", "end": "00:27:29", "text": "and converters to do things. We are"}, {"start": "00:27:27", "end": "00:27:31", "text": "alongside them every single day"}, {"start": "00:27:29", "end": "00:27:33", "text": "designing the infrastructure, designing"}, {"start": "00:27:31", "end": "00:27:35", "text": "the equipment, the modulars that we put"}, {"start": "00:27:33", "end": "00:27:36", "text": "together and driving a lot of that"}, {"start": "00:27:35", "end": "00:27:37", "text": "innovation alongside."}, {"start": "00:27:36", "end": "00:27:39", "text": ">> What are the things that keep you up at"}, {"start": "00:27:37", "end": "00:27:41", "text": "night? Like what what are you worried"}, {"start": "00:27:39", "end": "00:27:45", "text": "about?"}, {"start": "00:27:41", "end": "00:27:47", "text": "I think what I'm I would say as a CEO of"}, {"start": "00:27:45", "end": "00:27:49", "text": "HUD and I'll go kind of more broadly as"}, {"start": "00:27:47", "end": "00:27:52", "text": "a CEO of HUD is as we continue to scale"}, {"start": "00:27:49", "end": "00:27:54", "text": "and build how do we keep what makes us"}, {"start": "00:27:52", "end": "00:27:57", "text": "unique in the culture that we built and"}, {"start": "00:27:54", "end": "00:27:59", "text": "how do we scale effectively and I've"}, {"start": "00:27:57", "end": "00:28:02", "text": "always shared this is we care about"}, {"start": "00:27:59", "end": "00:28:03", "text": "scaling but scaling with credibility and"}, {"start": "00:28:02", "end": "00:28:05", "text": "being able to execute on everything that"}, {"start": "00:28:03", "end": "00:28:06", "text": "we say we're going to do rather than"}, {"start": "00:28:05", "end": "00:28:08", "text": "trying to move too fast or move too"}, {"start": "00:28:06", "end": "00:28:10", "text": "slow. So finding that right balance. Um"}, {"start": "00:28:08", "end": "00:28:14", "text": "and for HA like the vision we have long"}, {"start": "00:28:10", "end": "00:28:16", "text": "term is there's this huge opportunity of"}, {"start": "00:28:14", "end": "00:28:18", "text": "physical intelligence. I think if you"}, {"start": "00:28:16", "end": "00:28:20", "text": "look back in the '9s like you had these"}, {"start": "00:28:18", "end": "00:28:22", "text": "companies that said we're going to build"}, {"start": "00:28:20", "end": "00:28:25", "text": "internet companies and today you fast"}, {"start": "00:28:22", "end": "00:28:28", "text": "forward 20 30 years you have Microsoft,"}, {"start": "00:28:25", "end": "00:28:30", "text": "Amazon, Meta, Alphabet and all these are"}, {"start": "00:28:28", "end": "00:28:32", "text": "the most valuable companies in the world"}, {"start": "00:28:30", "end": "00:28:36", "text": "but each of them have actually different"}, {"start": "00:28:32", "end": "00:28:39", "text": "businesses from social media to search"}, {"start": "00:28:36", "end": "00:28:42", "text": "to e-commerce and so on. But at their"}, {"start": "00:28:39", "end": "00:28:45", "text": "core, they learn how to build businesses"}, {"start": "00:28:42", "end": "00:28:48", "text": "in an internet era. And the opportunity"}, {"start": "00:28:45", "end": "00:28:49", "text": "that we believe exists today that allows"}, {"start": "00:28:48", "end": "00:28:52", "text": "us to potentially become one of those"}, {"start": "00:28:49", "end": "00:28:55", "text": "multi-trillion dollar companies in 10,"}, {"start": "00:28:52", "end": "00:28:58", "text": "20 years from today is physical"}, {"start": "00:28:55", "end": "00:28:59", "text": "intelligence. How do you use technology"}, {"start": "00:28:58", "end": "00:29:01", "text": "and redefine how you build in the"}, {"start": "00:28:59", "end": "00:29:03", "text": "physical world? And that's what we're"}, {"start": "00:29:01", "end": "00:29:04", "text": "most excited by in the long term. We're"}, {"start": "00:29:03", "end": "00:29:06", "text": "building this data center"}, {"start": "00:29:04", "end": "00:29:08", "text": "infrastructure, these critical assets,"}, {"start": "00:29:06", "end": "00:29:10", "text": "but how do we use the technologies that"}, {"start": "00:29:08", "end": "00:29:12", "text": "we're empowering to reinvent our"}, {"start": "00:29:10", "end": "00:29:14", "text": "businesses ourselves? And so as we look"}, {"start": "00:29:12", "end": "00:29:17", "text": "forward kind of 5 years and 10 years,"}, {"start": "00:29:14", "end": "00:29:19", "text": "data centers shouldn't take 6 months to"}, {"start": "00:29:17", "end": "00:29:22", "text": "build with all of our engineers, etc."}, {"start": "00:29:19", "end": "00:29:23", "text": "They should be the ones driving these AI"}, {"start": "00:29:22", "end": "00:29:26", "text": "native solutions to be able to design"}, {"start": "00:29:23", "end": "00:29:28", "text": "these in days, not months. In addition"}, {"start": "00:29:26", "end": "00:29:30", "text": "to that, as we think about building, how"}, {"start": "00:29:28", "end": "00:29:32", "text": "do we make sure that we're able to"}, {"start": "00:29:30", "end": "00:29:35", "text": "augment kind of the talent that we have"}, {"start": "00:29:32", "end": "00:29:36", "text": "to build alongside um robotics and"}, {"start": "00:29:35", "end": "00:29:38", "text": "infrastructure as well to build more"}, {"start": "00:29:36", "end": "00:29:42", "text": "efficiently? I think like the beauty"}, {"start": "00:29:38", "end": "00:29:45", "text": "about AI is it's going to free people's"}, {"start": "00:29:42", "end": "00:29:47", "text": "times up to be more creative to be able"}, {"start": "00:29:45", "end": "00:29:50", "text": "to innovate more and you're going to see"}, {"start": "00:29:47", "end": "00:29:52", "text": "a whole new kind of industry being born"}, {"start": "00:29:50", "end": "00:29:54", "text": "out of creativity because I think what"}, {"start": "00:29:52", "end": "00:29:56", "text": "the human mind is a beautiful thing and"}, {"start": "00:29:54", "end": "00:29:59", "text": "rather than focusing it on kind of"}, {"start": "00:29:56", "end": "00:30:02", "text": "monotonous tasks if those can be uh"}, {"start": "00:29:59", "end": "00:30:04", "text": "taken over by AI how do we have that"}, {"start": "00:30:02", "end": "00:30:06", "text": "human mind focus on innovation focus on"}, {"start": "00:30:04", "end": "00:30:08", "text": "pushing kind of the world forward and I"}, {"start": "00:30:06", "end": "00:30:10", "text": "think that's we're excited by at HUD"}, {"start": "00:30:08", "end": "00:30:12", "text": "long term. And I think what keeps me up"}, {"start": "00:30:10", "end": "00:30:13", "text": "as night is kind of messing that"}, {"start": "00:30:12", "end": "00:30:15", "text": "opportunity up. I think we have a moment"}, {"start": "00:30:13", "end": "00:30:17", "text": "in time where HUD is in this perfect"}, {"start": "00:30:15", "end": "00:30:19", "text": "moment. We're big enough as a company"}, {"start": "00:30:17", "end": "00:30:20", "text": "where we can raise tens of billions of"}, {"start": "00:30:19", "end": "00:30:22", "text": "dollars to support these large"}, {"start": "00:30:20", "end": "00:30:25", "text": "infrastructure projects, but we're small"}, {"start": "00:30:22", "end": "00:30:27", "text": "enough where we have this mindset of a"}, {"start": "00:30:25", "end": "00:30:29", "text": "high growth startup and a fast growing"}, {"start": "00:30:27", "end": "00:30:31", "text": "business that wants to win and wants to"}, {"start": "00:30:29", "end": "00:30:33", "text": "take over the world and we can rethink"}, {"start": "00:30:31", "end": "00:30:35", "text": "and reframe every single thing that we"}, {"start": "00:30:33", "end": "00:30:37", "text": "do. And so we're really grateful and"}, {"start": "00:30:35", "end": "00:30:39", "text": "fortunate uh to be where we are today"}, {"start": "00:30:37", "end": "00:30:41", "text": "and we want to be able to really build"}, {"start": "00:30:39", "end": "00:30:42", "text": "out what the potential of this business"}, {"start": "00:30:41", "end": "00:30:43", "text": "can be."}, {"start": "00:30:42", "end": "00:30:45", "text": ">> Talk for a second about uh American"}, {"start": "00:30:43", "end": "00:30:46", "text": "Bitcoin. You guys spun it out. Um I"}, {"start": "00:30:45", "end": "00:30:49", "text": "think people are very interested in the"}, {"start": "00:30:46", "end": "00:30:50", "text": "Bitcoin mining still uh as well. What's"}, {"start": "00:30:49", "end": "00:30:51", "text": "the latest on that business? How do you"}, {"start": "00:30:50", "end": "00:30:53", "text": "think about it?"}, {"start": "00:30:51", "end": "00:30:56", "text": ">> It's great. Uh we went public less than"}, {"start": "00:30:53", "end": "00:30:57", "text": "a year ago. We have over 7,000 Bitcoin"}, {"start": "00:30:56", "end": "00:30:59", "text": "from zero when we spun it out."}, {"start": "00:30:57", "end": "00:31:01", "text": "Obviously, HUD has its own Bitcoin stack"}, {"start": "00:30:59", "end": "00:31:04", "text": "as well, but the business has been doing"}, {"start": "00:31:01", "end": "00:31:06", "text": "well through the last three quarters."}, {"start": "00:31:04", "end": "00:31:09", "text": "Regardless of Bitcoin price, our margin"}, {"start": "00:31:06", "end": "00:31:11", "text": "has been over 50%. Which is amazing. And"}, {"start": "00:31:09", "end": "00:31:12", "text": "that's the beauty because even if"}, {"start": "00:31:11", "end": "00:31:15", "text": "Bitcoin price comes down, other people"}, {"start": "00:31:12", "end": "00:31:17", "text": "that are less efficient stop mining and"}, {"start": "00:31:15", "end": "00:31:19", "text": "stop using the compute and that"}, {"start": "00:31:17", "end": "00:31:22", "text": "therefore the difficulty comes down. And"}, {"start": "00:31:19", "end": "00:31:24", "text": "so our net margins actually remain the"}, {"start": "00:31:22", "end": "00:31:25", "text": "same even with the volatility uh of"}, {"start": "00:31:24", "end": "00:31:27", "text": "Bitcoin, which is awesome. And so the"}, {"start": "00:31:25", "end": "00:31:28", "text": "business, we're super proud of the team,"}, {"start": "00:31:27", "end": "00:31:30", "text": "what they continue to do, what they"}, {"start": "00:31:28", "end": "00:31:32", "text": "continue to build. They just brought a"}, {"start": "00:31:30", "end": "00:31:34", "text": "site on uh last quarter. And I think"}, {"start": "00:31:32", "end": "00:31:36", "text": "what's unique around American Bitcoin is"}, {"start": "00:31:34", "end": "00:31:38", "text": "because everyone is moving to AI, it's"}, {"start": "00:31:36", "end": "00:31:40", "text": "actually becoming easier to use that"}, {"start": "00:31:38", "end": "00:31:42", "text": "same compute to buy more Bitcoin. Um and"}, {"start": "00:31:40", "end": "00:31:44", "text": "so we think long-term kind of the"}, {"start": "00:31:42", "end": "00:31:45", "text": "security and the integrity of the"}, {"start": "00:31:44", "end": "00:31:47", "text": "Bitcoin ecosystem is critically"}, {"start": "00:31:45", "end": "00:31:49", "text": "important. And we're one of the last"}, {"start": "00:31:47", "end": "00:31:51", "text": "remaining large scale operators that are"}, {"start": "00:31:49", "end": "00:31:53", "text": "providing that in North America. Um and"}, {"start": "00:31:51", "end": "00:31:54", "text": "we're really proud of to do that. And"}, {"start": "00:31:53", "end": "00:31:56", "text": "that business is is is going well. the"}, {"start": "00:31:54", "end": "00:31:58", "text": "foundation is building. Obviously,"}, {"start": "00:31:56", "end": "00:32:00", "text": "there's stock price volatility, but"}, {"start": "00:31:58", "end": "00:32:01", "text": "that's kind of more macro that we can't"}, {"start": "00:32:00", "end": "00:32:03", "text": "really control, but what we can control"}, {"start": "00:32:01", "end": "00:32:04", "text": "is the fundamentals of the business. And"}, {"start": "00:32:03", "end": "00:32:06", "text": "what I've always told the team, I was"}, {"start": "00:32:04", "end": "00:32:09", "text": "like, look, when I took over the CEO's"}, {"start": "00:32:06", "end": "00:32:10", "text": "HUD 8, our stock price was around $6. I"}, {"start": "00:32:09", "end": "00:32:12", "text": "mean, you remember this, you were one of"}, {"start": "00:32:10", "end": "00:32:14", "text": "the early folks that said, hey, people"}, {"start": "00:32:12", "end": "00:32:16", "text": "should take a look at HUD 8, right? And"}, {"start": "00:32:14", "end": "00:32:18", "text": "we fast forward two years, we've"}, {"start": "00:32:16", "end": "00:32:19", "text": "appreciated by over a,000%. Um, and I"}, {"start": "00:32:18", "end": "00:32:21", "text": "and I told the team, I was like, what"}, {"start": "00:32:19", "end": "00:32:23", "text": "mattered most is not focusing on what"}, {"start": "00:32:21", "end": "00:32:24", "text": "happens on the stock price on a"}, {"start": "00:32:23", "end": "00:32:26", "text": "day-to-day basis. If you build an"}, {"start": "00:32:24", "end": "00:32:28", "text": "amazing underlying business, the rest"}, {"start": "00:32:26", "end": "00:32:29", "text": "will follow."}, {"start": "00:32:28", "end": "00:32:31", "text": ">> Makes uh makes sense to me. Thank you"}, {"start": "00:32:29", "end": "00:32:33", "text": "very much for taking the time to do this"}, {"start": "00:32:31", "end": "00:32:36", "text": "and uh we'll do it again soon. Thanks"}, {"start": "00:32:33", "end": "00:32:36", "text": "for having me"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "All of a sudden, everyone is predicting"}, {"start": "00:00:01", "end": "00:00:04", "text": "that Bitcoin is going to hit a million"}, {"start": "00:00:03", "end": "00:00:06", "text": "dollars per coin. Is this actually"}, {"start": "00:00:04", "end": "00:00:08", "text": "possible? That's what we're going to"}, {"start": "00:00:06", "end": "00:00:10", "text": "investigate today. And if it is"}, {"start": "00:00:08", "end": "00:00:12", "text": "possible, on what timeline could Bitcoin"}, {"start": "00:00:10", "end": "00:00:14", "text": "hit a million dollars? Now, before we"}, {"start": "00:00:12", "end": "00:00:15", "text": "get into the math behind this and what"}, {"start": "00:00:14", "end": "00:00:17", "text": "the potential drivers could be to"}, {"start": "00:00:15", "end": "00:00:19", "text": "accomplish a million dollars per coin,"}, {"start": "00:00:17", "end": "00:00:20", "text": "let's first look at what everyone is"}, {"start": "00:00:19", "end": "00:00:22", "text": "predicting. We can start with Michael"}, {"start": "00:00:20", "end": "00:00:24", "text": "Sailor, who says that if the world knew"}, {"start": "00:00:22", "end": "00:00:27", "text": "what he knows, Bitcoin would be at $10"}, {"start": "00:00:24", "end": "00:00:28", "text": "million a coin. Take a listen. If people"}, {"start": "00:00:27", "end": "00:00:30", "text": "in the rest of the world knew what I"}, {"start": "00:00:28", "end": "00:00:34", "text": "know and they understood and they agreed"}, {"start": "00:00:30", "end": "00:00:36", "text": "with me, Bitcoin would go to $10 million"}, {"start": "00:00:34", "end": "00:00:39", "text": "tomorrow. And if Bitcoin went to $10"}, {"start": "00:00:36", "end": "00:00:42", "text": "million tomorrow, I want you to think"}, {"start": "00:00:39", "end": "00:00:44", "text": "about how you would feel and how your"}, {"start": "00:00:42", "end": "00:00:49", "text": "viewers would feel because you would"}, {"start": "00:00:44", "end": "00:00:51", "text": "lose 20 years of stacking opportunity"}, {"start": "00:00:49", "end": "00:00:54", "text": "during which you get to buy at less than"}, {"start": "00:00:51", "end": "00:00:57", "text": "$10 million. So the difference between"}, {"start": "00:00:54", "end": "00:00:59", "text": "$10 million and a h 100,000 that's what"}, {"start": "00:00:57", "end": "00:01:02", "text": "you give up if the volatility goes away"}, {"start": "00:00:59", "end": "00:01:03", "text": "and people start to agree with you. Now"}, {"start": "00:01:02", "end": "00:01:05", "text": "Michael Sailor is not the only person"}, {"start": "00:01:03", "end": "00:01:07", "text": "who thinks that Bitcoin is going to $10"}, {"start": "00:01:05", "end": "00:01:09", "text": "million. Billionaire Tim Draper, he says"}, {"start": "00:01:07", "end": "00:01:11", "text": "that trillions of dollars are going to"}, {"start": "00:01:09", "end": "00:01:13", "text": "flow into Bitcoin and he also predicts"}, {"start": "00:01:11", "end": "00:01:17", "text": "Bitcoin at $10 million. Take a listen."}, {"start": "00:01:13", "end": "00:01:20", "text": "Not only is Bitcoin against the dollar a"}, {"start": "00:01:17", "end": "00:01:22", "text": "really good bet, it's you're seeing the"}, {"start": "00:01:20", "end": "00:01:24", "text": "dollar fall as fast as you're seeing"}, {"start": "00:01:22", "end": "00:01:27", "text": "Bitcoin grow."}, {"start": "00:01:24", "end": "00:01:29", "text": ">> And that combination is going to, you"}, {"start": "00:01:27", "end": "00:01:31", "text": "know, it'll hit 250,000, but it's going"}, {"start": "00:01:29", "end": "00:01:34", "text": "to hit a million, it's going to hit 10"}, {"start": "00:01:31", "end": "00:01:37", "text": "million on its way to where the dollar"}, {"start": "00:01:34", "end": "00:01:41", "text": "is no longer accepted, no longer worth"}, {"start": "00:01:37", "end": "00:01:44", "text": "it. and Bitcoin is the one source of"}, {"start": "00:01:41", "end": "00:01:45", "text": "store of value and currency for the"}, {"start": "00:01:44", "end": "00:01:47", "text": "world eventually. Now, those are pretty"}, {"start": "00:01:45", "end": "00:01:49", "text": "interesting thoughts from Tim there."}, {"start": "00:01:47", "end": "00:01:52", "text": "Kathy Wood thinks that Bitcoin is going"}, {"start": "00:01:49", "end": "00:01:54", "text": "to $1.5 million by 2030. Take a listen"}, {"start": "00:01:52", "end": "00:01:55", "text": "to why she says the banks were sitting"}, {"start": "00:01:54", "end": "00:01:58", "text": "on the sidelines, but now that they're"}, {"start": "00:01:55", "end": "00:01:59", "text": "participating, she thinks a million.5 by"}, {"start": "00:01:58", "end": "00:02:01", "text": "2030."}, {"start": "00:01:59", "end": "00:02:04", "text": ">> Your price target for Bitcoin is"}, {"start": "00:02:01", "end": "00:02:07", "text": "billcase north of $1 million. So if you"}, {"start": "00:02:04", "end": "00:02:10", "text": "had that bill case for more than 1"}, {"start": "00:02:07", "end": "00:02:12", "text": "million USD bitcoin, has your forecast"}, {"start": "00:02:10", "end": "00:02:13", "text": "timeline to reach that price now"}, {"start": "00:02:12", "end": "00:02:19", "text": "shortened?"}, {"start": "00:02:13", "end": "00:02:22", "text": ">> Yes, that target we uh evolved in uh it"}, {"start": "00:02:19", "end": "00:02:25", "text": "was before the SEC uh gave us gave us"}, {"start": "00:02:22", "end": "00:02:28", "text": "the green light and I think that was a"}, {"start": "00:02:25", "end": "00:02:32", "text": "major milestone and it has pulled"}, {"start": "00:02:28", "end": "00:02:36", "text": "forward the timeline. Um, one thing I"}, {"start": "00:02:32", "end": "00:02:38", "text": "will say right now, no wirehouse. So"}, {"start": "00:02:36", "end": "00:02:43", "text": "whether we're talking about Morgan"}, {"start": "00:02:38", "end": "00:02:46", "text": "Stanley uh or uh Maril Lynch BFA or uh"}, {"start": "00:02:43", "end": "00:02:50", "text": "UBS or Wells Fargo,"}, {"start": "00:02:46", "end": "00:02:52", "text": "no no plat has approved uh Bitcoin yet."}, {"start": "00:02:50", "end": "00:02:55", "text": "So all of this price action has happened"}, {"start": "00:02:52", "end": "00:02:57", "text": "before they approved it. You know, we"}, {"start": "00:02:55", "end": "00:03:00", "text": "haven't even begun. So what's your"}, {"start": "00:02:57", "end": "00:03:02", "text": "timeline for 1 million USD Bitcoin now?"}, {"start": "00:03:00", "end": "00:03:03", "text": "And is there perhaps a price target"}, {"start": "00:03:02", "end": "00:03:05", "text": "beyond that now?"}, {"start": "00:03:03", "end": "00:03:08", "text": ">> Yes, our target is above that. Uh we've"}, {"start": "00:03:05", "end": "00:03:12", "text": "got a 2030 target. So uh it's well above"}, {"start": "00:03:08", "end": "00:03:14", "text": "that and and uh with our new"}, {"start": "00:03:12", "end": "00:03:15", "text": "expectations for institutional"}, {"start": "00:03:14", "end": "00:03:19", "text": "involvement"}, {"start": "00:03:15", "end": "00:03:22", "text": "uh the incremental price that that we"}, {"start": "00:03:19", "end": "00:03:26", "text": "assume for institutions"}, {"start": "00:03:22", "end": "00:03:28", "text": "um actually has more than doubled. So uh"}, {"start": "00:03:26", "end": "00:03:31", "text": "you know I don't want to give out any"}, {"start": "00:03:28", "end": "00:03:34", "text": "particular uh uh prices but because we"}, {"start": "00:03:31", "end": "00:03:38", "text": "don't know um how quickly we don't know"}, {"start": "00:03:34", "end": "00:03:40", "text": "how quickly um some the the more"}, {"start": "00:03:38", "end": "00:03:42", "text": "independent registered investment"}, {"start": "00:03:40", "end": "00:03:44", "text": "advisors in the United States those"}, {"start": "00:03:42", "end": "00:03:46", "text": "platforms are saying give us three"}, {"start": "00:03:44", "end": "00:03:48", "text": "months to do our due diligence. The"}, {"start": "00:03:46", "end": "00:03:51", "text": "others are saying we need at least six"}, {"start": "00:03:48", "end": "00:03:53", "text": "months. So you know uh I I would put"}, {"start": "00:03:51", "end": "00:03:55", "text": "those in the institutional bucket as"}, {"start": "00:03:53", "end": "00:03:57", "text": "well. But in your view, Kathy, all of"}, {"start": "00:03:55", "end": "00:03:59", "text": "the factors are moving the price of this"}, {"start": "00:03:57", "end": "00:04:00", "text": "in an upwards trajectory."}, {"start": "00:03:59", "end": "00:04:02", "text": ">> Yes, indeed."}, {"start": "00:04:00", "end": "00:04:04", "text": ">> It's pretty interesting to hear Kathy"}, {"start": "00:04:02", "end": "00:04:06", "text": "Wood, someone who is very well respected"}, {"start": "00:04:04", "end": "00:04:08", "text": "on Wall Street, talking about Bitcoin"}, {"start": "00:04:06", "end": "00:04:09", "text": "going to 1.5 million. Now, somebody"}, {"start": "00:04:08", "end": "00:04:11", "text": "who's well respected in the Bitcoin"}, {"start": "00:04:09", "end": "00:04:13", "text": "industry, is Adam back. Some people even"}, {"start": "00:04:11", "end": "00:04:15", "text": "think that he is Satoshi Nakamoto. But"}, {"start": "00:04:13", "end": "00:04:18", "text": "Adam says that Bitcoin is going to a"}, {"start": "00:04:15", "end": "00:04:19", "text": "million dollars by 2028. Take a listen"}, {"start": "00:04:18", "end": "00:04:20", "text": "to Adam's logic here."}, {"start": "00:04:19", "end": "00:04:22", "text": ">> You know, ultimately people can only"}, {"start": "00:04:20", "end": "00:04:25", "text": "sell once. So, you know, the people that"}, {"start": "00:04:22", "end": "00:04:29", "text": "have sold and the number of coins that"}, {"start": "00:04:25", "end": "00:04:31", "text": "are left on exchange is diminishing. So,"}, {"start": "00:04:29", "end": "00:04:32", "text": "at some point, we'll see a pickup, but"}, {"start": "00:04:31", "end": "00:04:34", "text": "of course, short-term Bitcoin is quiet."}, {"start": "00:04:32", "end": "00:04:36", "text": ">> There you guys have it. Somebody who's"}, {"start": "00:04:34", "end": "00:04:38", "text": "considered one of the people in the"}, {"start": "00:04:36", "end": "00:04:40", "text": "running to be Satoshi. He says a million"}, {"start": "00:04:38", "end": "00:04:43", "text": "by 2028. Now, Matthew Seagull, he's at"}, {"start": "00:04:40", "end": "00:04:45", "text": "the $200 billion asset manager, Van. He"}, {"start": "00:04:43", "end": "00:04:46", "text": "says Bitcoin is going to hit a million"}, {"start": "00:04:45", "end": "00:04:47", "text": "dollars in the next several years. Take"}, {"start": "00:04:46", "end": "00:04:49", "text": "a listen to his logic."}, {"start": "00:04:47", "end": "00:04:51", "text": ">> Bitcoin going up for us is the base"}, {"start": "00:04:49", "end": "00:04:53", "text": "case. We think this asset's going to"}, {"start": "00:04:51", "end": "00:04:55", "text": "reach a million dollars over the next"}, {"start": "00:04:53", "end": "00:04:57", "text": "several years, but it's a very cyclical"}, {"start": "00:04:55", "end": "00:05:00", "text": "asset. There's no bailouts in Bitcoin,"}, {"start": "00:04:57", "end": "00:05:02", "text": "so it's going to be cycles along the"}, {"start": "00:05:00", "end": "00:05:04", "text": "way. Right now, Bitcoin's correlation"}, {"start": "00:05:02", "end": "00:05:07", "text": "with the NASDAQ has actually reached a"}, {"start": "00:05:04", "end": "00:05:10", "text": "5-year high. So, a lot of this is a"}, {"start": "00:05:07", "end": "00:05:12", "text": "macro move. And what keeps us encouraged"}, {"start": "00:05:10", "end": "00:05:15", "text": "even at current levels is that we're not"}, {"start": "00:05:12", "end": "00:05:16", "text": "seeing the froth in the derivatives"}, {"start": "00:05:15", "end": "00:05:19", "text": "markets. If you look at the options"}, {"start": "00:05:16", "end": "00:05:21", "text": "markets, the futures markets, to us, it"}, {"start": "00:05:19", "end": "00:05:23", "text": "still looks like this is a short"}, {"start": "00:05:21", "end": "00:05:25", "text": "covering rally, which means positioning"}, {"start": "00:05:23", "end": "00:05:26", "text": "is negative. Uh, and so we're feeling"}, {"start": "00:05:25", "end": "00:05:27", "text": "pretty constructive. The big move is"}, {"start": "00:05:26", "end": "00:05:29", "text": "really in the miners today."}, {"start": "00:05:27", "end": "00:05:31", "text": ">> You said a million dollars in Bitcoin,"}, {"start": "00:05:29", "end": "00:05:32", "text": "which is at 80K now."}, {"start": "00:05:31", "end": "00:05:33", "text": ">> Yeah. I I mean, it's going to take some"}, {"start": "00:05:32", "end": "00:05:35", "text": "number of years."}, {"start": "00:05:33", "end": "00:05:38", "text": ">> How many years for that?"}, {"start": "00:05:35", "end": "00:05:39", "text": ">> Um, maybe half a decade, I think, is is"}, {"start": "00:05:38", "end": "00:05:41", "text": "possible. Five years."}, {"start": "00:05:39", "end": "00:05:44", "text": ">> Yeah. When you look at the the"}, {"start": "00:05:41", "end": "00:05:47", "text": "demographic trends and the intentions of"}, {"start": "00:05:44", "end": "00:05:49", "text": "young investors to allocate to Bitcoin,"}, {"start": "00:05:47", "end": "00:05:51", "text": "uh it's going to be like the video game"}, {"start": "00:05:49", "end": "00:05:53", "text": "industry where 30 years ago it was just"}, {"start": "00:05:51", "end": "00:05:54", "text": "kids playing video games. Now Elon Musk"}, {"start": "00:05:53", "end": "00:05:56", "text": "plays video games. People don't quit,"}, {"start": "00:05:54", "end": "00:05:57", "text": "they also don't quit Bitcoin. We now"}, {"start": "00:05:56", "end": "00:06:00", "text": "have the first central bank buying"}, {"start": "00:05:57", "end": "00:06:01", "text": "Bitcoin for its reserves. So this is a"}, {"start": "00:06:00", "end": "00:06:03", "text": "mega trend, but it's going to be very"}, {"start": "00:06:01", "end": "00:06:05", "text": "volatile along the way and we're trying"}, {"start": "00:06:03", "end": "00:06:06", "text": "to smooth out some of that volatility."}, {"start": "00:06:05", "end": "00:06:08", "text": ">> So that's somebody from Wall Street"}, {"start": "00:06:06", "end": "00:06:10", "text": "saying a million dollars as well. Now,"}, {"start": "00:06:08", "end": "00:06:12", "text": "last but not least, Eric Trump. He's got"}, {"start": "00:06:10", "end": "00:06:14", "text": "all the insight of what's going on at"}, {"start": "00:06:12", "end": "00:06:16", "text": "the White House. He says that Bitcoin is"}, {"start": "00:06:14", "end": "00:06:16", "text": "also going to a million dollars. Take a"}, {"start": "00:06:16", "end": "00:06:18", "text": "listen."}, {"start": "00:06:16", "end": "00:06:19", "text": ">> So, a long time ago, I said that Bitcoin"}, {"start": "00:06:18", "end": "00:06:22", "text": "was going to hit a million dollars. And"}, {"start": "00:06:19", "end": "00:06:23", "text": "I I have absolute conviction in my mind"}, {"start": "00:06:22", "end": "00:06:25", "text": "that Bitcoin is going to hit a million"}, {"start": "00:06:23", "end": "00:06:27", "text": "dollars. I don't know if it's 2030. I"}, {"start": "00:06:25", "end": "00:06:28", "text": "don't know if it's 2031, but I"}, {"start": "00:06:27", "end": "00:06:30", "text": "absolutely believe it gets there. I I"}, {"start": "00:06:28", "end": "00:06:32", "text": "believe we are in the infancy. I think"}, {"start": "00:06:30", "end": "00:06:33", "text": "our best days are ahead of us, guys. The"}, {"start": "00:06:32", "end": "00:06:35", "text": "compression is happening. It's happening"}, {"start": "00:06:33", "end": "00:06:37", "text": "right now in ways that so many people"}, {"start": "00:06:35", "end": "00:06:39", "text": "can't even comprehend. And I've never"}, {"start": "00:06:37", "end": "00:06:41", "text": "been more bullish on this asset class in"}, {"start": "00:06:39", "end": "00:06:43", "text": "my life. So there you have it. Whether"}, {"start": "00:06:41", "end": "00:06:46", "text": "it's Michael Sailor, Kathy Wood, Tim"}, {"start": "00:06:43", "end": "00:06:49", "text": "Draper, Matthew Seagull, Adam Back, Eric"}, {"start": "00:06:46", "end": "00:06:52", "text": "Trump, or many others, they continue to"}, {"start": "00:06:49", "end": "00:06:54", "text": "say 1 million, 1.5, or $10 million."}, {"start": "00:06:52", "end": "00:06:56", "text": "These are big numbers for an asset"}, {"start": "00:06:54", "end": "00:06:59", "text": "that's simply sitting around $80,000"}, {"start": "00:06:56", "end": "00:07:00", "text": "today. But what's the math behind this?"}, {"start": "00:06:59", "end": "00:07:03", "text": "What exactly would Bitcoin have to do in"}, {"start": "00:07:00", "end": "00:07:05", "text": "order to reach a million? Well, we can"}, {"start": "00:07:03", "end": "00:07:08", "text": "go and we can take a look. If Bitcoin"}, {"start": "00:07:05", "end": "00:07:10", "text": "compounded at 65% for five years, then"}, {"start": "00:07:08", "end": "00:07:13", "text": "Bitcoin would hit a million dollars. If"}, {"start": "00:07:10", "end": "00:07:15", "text": "Bitcoin simply compounded at 28% every"}, {"start": "00:07:13", "end": "00:07:19", "text": "year for 10 years, Bitcoin would hit a"}, {"start": "00:07:15", "end": "00:07:21", "text": "million. If Bitcoin compounded at 13% a"}, {"start": "00:07:19", "end": "00:07:23", "text": "year for 20 years, then Bitcoin would"}, {"start": "00:07:21", "end": "00:07:26", "text": "hit a million. And lastly, if Bitcoin"}, {"start": "00:07:23", "end": "00:07:28", "text": "compounded at 9% a year for 30 years,"}, {"start": "00:07:26", "end": "00:07:32", "text": "then Bitcoin would hit a million. Now,"}, {"start": "00:07:28", "end": "00:07:33", "text": "when you hear numbers like 65%, 28%,"}, {"start": "00:07:32", "end": "00:07:36", "text": "these are big numbers compared to the"}, {"start": "00:07:33", "end": "00:07:38", "text": "stock market. But if we go back and we"}, {"start": "00:07:36", "end": "00:07:39", "text": "look at what happened over the last 10"}, {"start": "00:07:38", "end": "00:07:42", "text": "years, looking backwards in the rearview"}, {"start": "00:07:39", "end": "00:07:44", "text": "mirror for both gold and the S&P, both"}, {"start": "00:07:42", "end": "00:07:47", "text": "of those assets, they compounded"}, {"start": "00:07:44", "end": "00:07:49", "text": "annually at 14%."}, {"start": "00:07:47", "end": "00:07:51", "text": "Today's episode is brought to you by"}, {"start": "00:07:49", "end": "00:07:53", "text": "Arch Public. I absolutely love these"}, {"start": "00:07:51", "end": "00:07:54", "text": "guys. Arch public is an agentic trading"}, {"start": "00:07:53", "end": "00:07:56", "text": "platform that automates the buying and"}, {"start": "00:07:54", "end": "00:07:58", "text": "selling of your preferred crypto"}, {"start": "00:07:56", "end": "00:07:59", "text": "strategies using sophisticated"}, {"start": "00:07:58", "end": "00:08:01", "text": "algorithms like the intelligence"}, {"start": "00:07:59", "end": "00:08:03", "text": "arbitrage and oracle protocols. Arch"}, {"start": "00:08:01", "end": "00:08:05", "text": "public executes advanced automated"}, {"start": "00:08:03", "end": "00:08:07", "text": "crypto strategies fully customized to"}, {"start": "00:08:05", "end": "00:08:09", "text": "your goals. Is your aim to accumulate"}, {"start": "00:08:07", "end": "00:08:11", "text": "Bitcoin during market dips, generate"}, {"start": "00:08:09", "end": "00:08:13", "text": "profits from Ethereum volatility, or"}, {"start": "00:08:11", "end": "00:08:16", "text": "sell Salana or XRP in layers as it"}, {"start": "00:08:13", "end": "00:08:18", "text": "reclaims all-time highs? If so, Arch"}, {"start": "00:08:16", "end": "00:08:20", "text": "Public is built for you. Are you worried"}, {"start": "00:08:18", "end": "00:08:23", "text": "about doing it alone? No problem. Arch"}, {"start": "00:08:20", "end": "00:08:25", "text": "public provides everyone, yes everyone,"}, {"start": "00:08:23", "end": "00:08:27", "text": "with hands-on dedicated support from"}, {"start": "00:08:25", "end": "00:08:29", "text": "their concierge team to help implement"}, {"start": "00:08:27", "end": "00:08:31", "text": "the strategy that you choose. As a"}, {"start": "00:08:29", "end": "00:08:33", "text": "preferred trading partner of Coinbase,"}, {"start": "00:08:31", "end": "00:08:35", "text": "Kraken, Robin Hood, and Gemini, Arch"}, {"start": "00:08:33", "end": "00:08:37", "text": "Public offers a proven track record of"}, {"start": "00:08:35", "end": "00:08:39", "text": "security and performance so that you can"}, {"start": "00:08:37", "end": "00:08:42", "text": "trade with confidence. Sign up today at"}, {"start": "00:08:39", "end": "00:08:44", "text": "archpub.com and start your automated"}, {"start": "00:08:42", "end": "00:08:47", "text": "trading strategy for free. No catch, no"}, {"start": "00:08:44", "end": "00:08:49", "text": "hidden fees, just smarter trading. Your"}, {"start": "00:08:47", "end": "00:08:52", "text": "crypto, your exchange, your profits."}, {"start": "00:08:49", "end": "00:08:54", "text": "Arch public. Go to archpubic.com and"}, {"start": "00:08:52", "end": "00:08:56", "text": "tell them I sent you. So, the compound"}, {"start": "00:08:54", "end": "00:09:00", "text": "annual growth rate for gold and the S&P"}, {"start": "00:08:56", "end": "00:09:02", "text": "was 14% for the past decade. That means"}, {"start": "00:09:00", "end": "00:09:04", "text": "that if Bitcoin was to hit a million"}, {"start": "00:09:02", "end": "00:09:06", "text": "over the next decade, it would simply"}, {"start": "00:09:04", "end": "00:09:09", "text": "have to double the return of gold or the"}, {"start": "00:09:06", "end": "00:09:11", "text": "S&P. That doesn't seem crazy cuz if you"}, {"start": "00:09:09", "end": "00:09:13", "text": "go and you actually look, Bitcoin over"}, {"start": "00:09:11", "end": "00:09:17", "text": "the last 10 years compounded at a rate"}, {"start": "00:09:13", "end": "00:09:19", "text": "of 68% for the decade. So, Bitcoin's"}, {"start": "00:09:17", "end": "00:09:21", "text": "compound annual growth rate could fall"}, {"start": "00:09:19", "end": "00:09:24", "text": "more than 50% from where it was. And if"}, {"start": "00:09:21", "end": "00:09:26", "text": "it continued to hold at at least 28% for"}, {"start": "00:09:24", "end": "00:09:28", "text": "a decade, Bitcoin would hit a million"}, {"start": "00:09:26", "end": "00:09:30", "text": "bucks. Now, this brings the question of"}, {"start": "00:09:28", "end": "00:09:32", "text": "if the math is clear of how Bitcoin goes"}, {"start": "00:09:30", "end": "00:09:34", "text": "from 80,000 to a million. What exactly"}, {"start": "00:09:32", "end": "00:09:36", "text": "could drive us there? Well, I think that"}, {"start": "00:09:34", "end": "00:09:38", "text": "there are four major things that"}, {"start": "00:09:36", "end": "00:09:40", "text": "everyone needs to understand in order to"}, {"start": "00:09:38", "end": "00:09:42", "text": "see how Bitcoin could go to a million."}, {"start": "00:09:40", "end": "00:09:44", "text": "The first is that Bitcoin would have to"}, {"start": "00:09:42", "end": "00:09:46", "text": "stop bleeding. We need the bottom to be"}, {"start": "00:09:44", "end": "00:09:48", "text": "in of this bare market. Lyn Alden"}, {"start": "00:09:46", "end": "00:09:50", "text": "believes that not only is the bottom in,"}, {"start": "00:09:48", "end": "00:09:52", "text": "but also that the fast capital has left"}, {"start": "00:09:50", "end": "00:09:53", "text": "and the sellers are exhausted. Take a"}, {"start": "00:09:52", "end": "00:09:55", "text": "listen to her logic right here."}, {"start": "00:09:53", "end": "00:09:57", "text": ">> Historically, Bitcoin tends to have"}, {"start": "00:09:55", "end": "00:10:00", "text": "these kind of longer, flatter bottoms"}, {"start": "00:09:57", "end": "00:10:02", "text": "than say certain stocks because, you"}, {"start": "00:10:00", "end": "00:10:03", "text": "know, there's no like a stock, for"}, {"start": "00:10:02", "end": "00:10:05", "text": "example, can have like an earnings"}, {"start": "00:10:03", "end": "00:10:06", "text": "catalyst. Every, you know, four times a"}, {"start": "00:10:05", "end": "00:10:09", "text": "year, it comes out with an earnings"}, {"start": "00:10:06", "end": "00:10:10", "text": "report and can surprise to the upside"}, {"start": "00:10:09", "end": "00:10:12", "text": "and suddenly all this news comes in and"}, {"start": "00:10:10", "end": "00:10:14", "text": "just the stock soarses. Uh because"}, {"start": "00:10:12", "end": "00:10:17", "text": "Bitcoin is money, it doesn't have"}, {"start": "00:10:14", "end": "00:10:18", "text": "earnings. uh you know and so like news"}, {"start": "00:10:17", "end": "00:10:20", "text": "tends to change a little bit slower"}, {"start": "00:10:18", "end": "00:10:23", "text": "around it especially now that we already"}, {"start": "00:10:20", "end": "00:10:25", "text": "have things like spot ETFs and stuff. Um"}, {"start": "00:10:23", "end": "00:10:28", "text": "I view it less as kind of these upside"}, {"start": "00:10:25", "end": "00:10:30", "text": "news events and more uh other factors"}, {"start": "00:10:28", "end": "00:10:32", "text": "which is one um you see over time you"}, {"start": "00:10:30", "end": "00:10:34", "text": "see a rotation of the the fast money's"}, {"start": "00:10:32", "end": "00:10:36", "text": "already out so you get seller"}, {"start": "00:10:34", "end": "00:10:38", "text": "exhaustion. Now whether it's already all"}, {"start": "00:10:36", "end": "00:10:40", "text": "like entirely out yet still is an open"}, {"start": "00:10:38", "end": "00:10:42", "text": "question. Like it's like my base case is"}, {"start": "00:10:40", "end": "00:10:44", "text": "the bottom is in but it might not be but"}, {"start": "00:10:42", "end": "00:10:46", "text": "at least a lot of the fast capital is"}, {"start": "00:10:44", "end": "00:10:48", "text": "already out. Uh we we've seen kind of"}, {"start": "00:10:46", "end": "00:10:50", "text": "coins rotate to to strongly more"}, {"start": "00:10:48", "end": "00:10:51", "text": "strongly held hands. I think that's a"}, {"start": "00:10:50", "end": "00:10:54", "text": "that's a really important kind of factor"}, {"start": "00:10:51", "end": "00:10:55", "text": "in kind of building the next base. So if"}, {"start": "00:10:54", "end": "00:10:57", "text": "Lynn is correct, which I think that she"}, {"start": "00:10:55", "end": "00:10:59", "text": "is, and we actually have seen the bottom"}, {"start": "00:10:57", "end": "00:11:00", "text": "of the Bitcoin bare market, then the"}, {"start": "00:10:59", "end": "00:11:02", "text": "question becomes where do the net new"}, {"start": "00:11:00", "end": "00:11:04", "text": "buyers come from? And I think that's"}, {"start": "00:11:02", "end": "00:11:05", "text": "where we're going to get three major"}, {"start": "00:11:04", "end": "00:11:07", "text": "buyers. First, we can look to"}, {"start": "00:11:05", "end": "00:11:08", "text": "governments. There's not a lot of"}, {"start": "00:11:07", "end": "00:11:10", "text": "governments around the world that"}, {"start": "00:11:08", "end": "00:11:11", "text": "currently own Bitcoin, but the theory is"}, {"start": "00:11:10", "end": "00:11:13", "text": "that lots of governments will want to"}, {"start": "00:11:11", "end": "00:11:15", "text": "own Bitcoin over the next decade or so."}, {"start": "00:11:13", "end": "00:11:17", "text": "Coinbase CEO Brian Armstrong, he"}, {"start": "00:11:15", "end": "00:11:19", "text": "recently said in an interview that he"}, {"start": "00:11:17", "end": "00:11:22", "text": "believes that most of the G20 nations"}, {"start": "00:11:19", "end": "00:11:23", "text": "will set up Bitcoin reserves over the"}, {"start": "00:11:22", "end": "00:11:26", "text": "next coming years. Take a listen to what"}, {"start": "00:11:23", "end": "00:11:28", "text": "Brian said here. We also saw the United"}, {"start": "00:11:26", "end": "00:11:29", "text": "States of America now has a strategic"}, {"start": "00:11:28", "end": "00:11:30", "text": "Bitcoin reserve. So, if the United"}, {"start": "00:11:29", "end": "00:11:32", "text": "States government is going to begin"}, {"start": "00:11:30", "end": "00:11:34", "text": "holding Bitcoin, I think that's going to"}, {"start": "00:11:32", "end": "00:11:37", "text": "be a massive driver of demand. and the"}, {"start": "00:11:34", "end": "00:11:39", "text": "rest of the G20 countries will probably"}, {"start": "00:11:37", "end": "00:11:41", "text": "follow suit. And then the last thing I'd"}, {"start": "00:11:39", "end": "00:11:44", "text": "say is that we saw recently the launch"}, {"start": "00:11:41", "end": "00:11:45", "text": "of the Bitcoin ETFs uh by a number of"}, {"start": "00:11:44", "end": "00:11:46", "text": "different firms and Coinbase is actually"}, {"start": "00:11:45", "end": "00:11:49", "text": "powering"}, {"start": "00:11:46", "end": "00:11:50", "text": ">> 80% of the the custody for those that"}, {"start": "00:11:49", "end": "00:11:52", "text": "are out there. But we're seeing a ton of"}, {"start": "00:11:50", "end": "00:11:54", "text": "institutional money continue to flow"}, {"start": "00:11:52", "end": "00:11:55", "text": "into Bitcoin now that these ETFs are"}, {"start": "00:11:54", "end": "00:11:57", "text": "live. So there's a lot of positive"}, {"start": "00:11:55", "end": "00:11:59", "text": "tailwinds for for Bitcoin and I think"}, {"start": "00:11:57", "end": "00:12:01", "text": "that there's never going to be more than"}, {"start": "00:11:59", "end": "00:12:03", "text": "21 million Bitcoin ever made in the"}, {"start": "00:12:01", "end": "00:12:04", "text": "world and lots of pools of capital still"}, {"start": "00:12:03", "end": "00:12:06", "text": "haven't gotten access to it. So that"}, {"start": "00:12:04", "end": "00:12:08", "text": "tells me this thing has a long way to"}, {"start": "00:12:06", "end": "00:12:10", "text": "run. Now if countries are buying Bitcoin"}, {"start": "00:12:08", "end": "00:12:11", "text": "then that probably means that large"}, {"start": "00:12:10", "end": "00:12:13", "text": "financial institutions are going to be"}, {"start": "00:12:11", "end": "00:12:16", "text": "buying Bitcoin as well. And that is"}, {"start": "00:12:13", "end": "00:12:18", "text": "Dylan's entire thought process as to how"}, {"start": "00:12:16", "end": "00:12:19", "text": "we get to a million or $10 million"}, {"start": "00:12:18", "end": "00:12:21", "text": "Bitcoin. He thinks that the large"}, {"start": "00:12:19", "end": "00:12:22", "text": "financial institutions have to get in"}, {"start": "00:12:21", "end": "00:12:24", "text": "the game and they have to participate."}, {"start": "00:12:22", "end": "00:12:26", "text": "And so here's Dylan talking about the"}, {"start": "00:12:24", "end": "00:12:27", "text": "fact that these large financial"}, {"start": "00:12:26", "end": "00:12:29", "text": "institutions will help push Bitcoin"}, {"start": "00:12:27", "end": "00:12:31", "text": "towards a million dollars."}, {"start": "00:12:29", "end": "00:12:33", "text": ">> You know, a lot of Bitcoiners, including"}, {"start": "00:12:31", "end": "00:12:35", "text": "myself, h had this, you know, vision or"}, {"start": "00:12:33", "end": "00:12:37", "text": "has this thesis that Bitcoin wins and,"}, {"start": "00:12:35", "end": "00:12:39", "text": "you know, hyper Bitcoinization is this"}, {"start": "00:12:37", "end": "00:12:41", "text": "event and, you know, at some point"}, {"start": "00:12:39", "end": "00:12:43", "text": "Bitcoin's worth a million or five or 10"}, {"start": "00:12:41", "end": "00:12:46", "text": "million equivalent at some point in"}, {"start": "00:12:43", "end": "00:12:48", "text": "time. But what that actually looks like,"}, {"start": "00:12:46", "end": "00:12:51", "text": "right, if you're a Bitcoin maximalist in"}, {"start": "00:12:48", "end": "00:12:53", "text": "that fashion, it it doesn't happen"}, {"start": "00:12:51", "end": "00:12:56", "text": "without all of this happening, right? It"}, {"start": "00:12:53", "end": "00:12:58", "text": "doesn't happen without, you know, big"}, {"start": "00:12:56", "end": "00:12:59", "text": "bad Black Rockck and the and Wall Street"}, {"start": "00:12:58", "end": "00:13:01", "text": "coming in and institutionalizing the"}, {"start": "00:12:59", "end": "00:13:02", "text": "asset. Like, what do you think Bitcoin"}, {"start": "00:13:01", "end": "00:13:06", "text": "winning looks like? It looks like $200"}, {"start": "00:13:02", "end": "00:13:07", "text": "trillion flooding into the market in in"}, {"start": "00:13:06", "end": "00:13:09", "text": "some way or some form. And right, so"}, {"start": "00:13:07", "end": "00:13:11", "text": "that's, you know, there's private"}, {"start": "00:13:09", "end": "00:13:12", "text": "credit, there's there's equity"}, {"start": "00:13:11", "end": "00:13:14", "text": "investment, preferred investment, senior"}, {"start": "00:13:12", "end": "00:13:16", "text": "debt, right? All of this stuff, these"}, {"start": "00:13:14", "end": "00:13:18", "text": "are pools of capital that are latent,"}, {"start": "00:13:16", "end": "00:13:20", "text": "that are ready to be tapped into. And"}, {"start": "00:13:18", "end": "00:13:22", "text": "right, so the genius of of, you know,"}, {"start": "00:13:20", "end": "00:13:25", "text": "Michael Sailor and strategy from 2020"}, {"start": "00:13:22", "end": "00:13:27", "text": "onwards was realizing that and then"}, {"start": "00:13:25", "end": "00:13:29", "text": "creating an instrument for each of those"}, {"start": "00:13:27", "end": "00:13:32", "text": "pools, right? And so, you know, stretch"}, {"start": "00:13:29", "end": "00:13:34", "text": "is a big big TAM, right? Everybody wants"}, {"start": "00:13:32", "end": "00:13:36", "text": "no volatility and high yield, right? So,"}, {"start": "00:13:34", "end": "00:13:38", "text": "I think that's the that's the golden"}, {"start": "00:13:36", "end": "00:13:40", "text": "goose. But I think, you know, a lot of"}, {"start": "00:13:38", "end": "00:13:42", "text": "idealist Bitcoiners who think Bitcoin is"}, {"start": "00:13:40", "end": "00:13:46", "text": "going to go to $10 million"}, {"start": "00:13:42", "end": "00:13:47", "text": "simultaneously dislike Wall Street or"}, {"start": "00:13:46", "end": "00:13:49", "text": "dislike the Treasury companies. And"}, {"start": "00:13:47", "end": "00:13:52", "text": "that's in my opinion that's very"}, {"start": "00:13:49", "end": "00:13:54", "text": "paradoxical, right? This is this is what"}, {"start": "00:13:52", "end": "00:13:56", "text": "Bitcoin winning looks like. I got to"}, {"start": "00:13:54", "end": "00:13:57", "text": "agree with Dylan and it makes sense to"}, {"start": "00:13:56", "end": "00:13:59", "text": "me that large financial institutions"}, {"start": "00:13:57", "end": "00:14:01", "text": "would be buying Bitcoin. So if the"}, {"start": "00:13:59", "end": "00:14:03", "text": "bottom's in, if countries are buying and"}, {"start": "00:14:01", "end": "00:14:05", "text": "also large financial institutions are"}, {"start": "00:14:03", "end": "00:14:07", "text": "buying, then the last question is what"}, {"start": "00:14:05", "end": "00:14:09", "text": "would get individuals to buy more"}, {"start": "00:14:07", "end": "00:14:11", "text": "Bitcoin as well. And the simple answer"}, {"start": "00:14:09", "end": "00:14:13", "text": "there is money printing. And I think"}, {"start": "00:14:11", "end": "00:14:16", "text": "that our generation understands more so"}, {"start": "00:14:13", "end": "00:14:18", "text": "than any generation in the past. The US"}, {"start": "00:14:16", "end": "00:14:21", "text": "government and governments around the"}, {"start": "00:14:18", "end": "00:14:22", "text": "world are never ever ever going to stop"}, {"start": "00:14:21", "end": "00:14:24", "text": "printing money. If they never stop"}, {"start": "00:14:22", "end": "00:14:26", "text": "printing money, that means they will"}, {"start": "00:14:24", "end": "00:14:28", "text": "never stop devaluing the dollar or other"}, {"start": "00:14:26", "end": "00:14:29", "text": "fiat currencies. if they don't stop"}, {"start": "00:14:28", "end": "00:14:32", "text": "devaluing those currencies. Then that"}, {"start": "00:14:29", "end": "00:14:34", "text": "means you as an individual investor have"}, {"start": "00:14:32", "end": "00:14:36", "text": "to find assets to go and store your"}, {"start": "00:14:34", "end": "00:14:38", "text": "hard-earned economic value. Now, Bitcoin"}, {"start": "00:14:36", "end": "00:14:40", "text": "is not the only solution. You can go do"}, {"start": "00:14:38", "end": "00:14:42", "text": "this in gold, real estate, or many other"}, {"start": "00:14:40", "end": "00:14:44", "text": "assets. But I do believe that the"}, {"start": "00:14:42", "end": "00:14:46", "text": "Bitcoin generation, the millennials and"}, {"start": "00:14:44", "end": "00:14:49", "text": "below, they have been convinced that one"}, {"start": "00:14:46", "end": "00:14:50", "text": "of the best stores of value is Bitcoin."}, {"start": "00:14:49", "end": "00:14:52", "text": "And so if countries are buying,"}, {"start": "00:14:50", "end": "00:14:54", "text": "financial institutions are buying, the"}, {"start": "00:14:52", "end": "00:14:56", "text": "government is printing and retail is"}, {"start": "00:14:54", "end": "00:14:58", "text": "buying, then that likely is all of the"}, {"start": "00:14:56", "end": "00:15:01", "text": "demand that we would need to have for"}, {"start": "00:14:58", "end": "00:15:03", "text": "Bitcoin to continue to compound annually"}, {"start": "00:15:01", "end": "00:15:05", "text": "at 28%"}, {"start": "00:15:03", "end": "00:15:08", "text": "every year for a decade. And if Bitcoin"}, {"start": "00:15:05", "end": "00:15:10", "text": "compounds at 28% a year for a decade,"}, {"start": "00:15:08", "end": "00:15:12", "text": "Bitcoin will hit a million dollars. And"}, {"start": "00:15:10", "end": "00:15:16", "text": "so the big question of can Bitcoin hit a"}, {"start": "00:15:12", "end": "00:15:18", "text": "million dollars 100% absolutely. When"}, {"start": "00:15:16", "end": "00:15:20", "text": "will it happen? I'm not sure. I don't"}, {"start": "00:15:18", "end": "00:15:22", "text": "have a crystal ball, but compounding at"}, {"start": "00:15:20", "end": "00:15:24", "text": "28% a year for a decade doesn't seem"}, {"start": "00:15:22", "end": "00:15:26", "text": "crazy to me. That's double what gold and"}, {"start": "00:15:24", "end": "00:15:28", "text": "the S&P did for the past decade. Bitcoin"}, {"start": "00:15:26", "end": "00:15:30", "text": "is a much more volatile asset. I think"}, {"start": "00:15:28", "end": "00:15:33", "text": "it's more valuable than those assets."}, {"start": "00:15:30", "end": "00:15:35", "text": "And therefore, 28% seems reasonable to"}, {"start": "00:15:33", "end": "00:15:37", "text": "me. And so, if you said to me, pick a"}, {"start": "00:15:35", "end": "00:15:40", "text": "number and pick a date. Those seem to be"}, {"start": "00:15:37", "end": "00:15:41", "text": "pretty good inputs. But who knows? We"}, {"start": "00:15:40", "end": "00:15:43", "text": "don't know what will happen in the macro"}, {"start": "00:15:41", "end": "00:15:46", "text": "environment. We don't know what will"}, {"start": "00:15:43", "end": "00:15:48", "text": "happen in technology. We don't know also"}, {"start": "00:15:46", "end": "00:15:50", "text": "how investors will change their mind"}, {"start": "00:15:48", "end": "00:15:52", "text": "when allocating capital. All of those"}, {"start": "00:15:50", "end": "00:15:54", "text": "things play into this analysis, but at"}, {"start": "00:15:52", "end": "00:15:57", "text": "the end of the day, can Bitcoin hit a"}, {"start": "00:15:54", "end": "00:16:00", "text": "million bucks? 100%. And if you said to"}, {"start": "00:15:57", "end": "00:16:02", "text": "me, a compound annual growth rate of 28%"}, {"start": "00:16:00", "end": "00:16:04", "text": "over the next decade, that doesn't seem"}, {"start": "00:16:02", "end": "00:16:06", "text": "crazy. So, my guess is during our"}, {"start": "00:16:04", "end": "00:16:08", "text": "lifetime, we're going to see Bitcoin hit"}, {"start": "00:16:06", "end": "00:16:10", "text": "two commas. That's it for today's show."}, {"start": "00:16:08", "end": "00:16:11", "text": "Thank you guys so much for watching."}, {"start": "00:16:10", "end": "00:16:13", "text": "Please remember to subscribe to this"}, {"start": "00:16:11", "end": "00:16:14", "text": "YouTube channel. My goal is to get to 1"}, {"start": "00:16:13", "end": "00:16:16", "text": "million subscribers. And every single"}, {"start": "00:16:14", "end": "00:16:18", "text": "one of you that subscribe helps us get"}, {"start": "00:16:16", "end": "00:16:20", "text": "there. And I'll see all of you next"}, {"start": "00:16:18", "end": "00:16:20", "text": "time."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey guys, Alex here. Hope you're well. I"}, {"start": "00:00:01", "end": "00:00:03", "text": "haven't talked about the stock market"}, {"start": "00:00:02", "end": "00:00:05", "text": "for a while. So, in this video, I want"}, {"start": "00:00:03", "end": "00:00:07", "text": "to take a look at the chart the major"}, {"start": "00:00:05", "end": "00:00:08", "text": "stock markets here and discuss what"}, {"start": "00:00:07", "end": "00:00:10", "text": "potentially could be happening here. And"}, {"start": "00:00:08", "end": "00:00:12", "text": "in fact, I want to discuss with you some"}, {"start": "00:00:10", "end": "00:00:13", "text": "really interesting data here. I'll"}, {"start": "00:00:12", "end": "00:00:14", "text": "explain to you the meaning and"}, {"start": "00:00:13", "end": "00:00:16", "text": "significance of this and al some"}, {"start": "00:00:14", "end": "00:00:18", "text": "interesting charts. We'll go through"}, {"start": "00:00:16", "end": "00:00:20", "text": "them here and also this particular data"}, {"start": "00:00:18", "end": "00:00:21", "text": "you're seeing here. And I want to"}, {"start": "00:00:20", "end": "00:00:23", "text": "explain to you why we could be coming to"}, {"start": "00:00:21", "end": "00:00:24", "text": "a very important critical point here in"}, {"start": "00:00:23", "end": "00:00:27", "text": "the major stock markets. All right,"}, {"start": "00:00:24", "end": "00:00:27", "text": "guys. Join me."}, {"start": "00:00:30", "end": "00:00:32", "text": "All right guys, welcome back. So, it's"}, {"start": "00:00:31", "end": "00:00:34", "text": "good to do a fresh update on the major"}, {"start": "00:00:32", "end": "00:00:35", "text": "markets. In fact, we'll have a look at"}, {"start": "00:00:34", "end": "00:00:36", "text": "this particular chart and also this"}, {"start": "00:00:35", "end": "00:00:38", "text": "particular data in just a few minutes."}, {"start": "00:00:36", "end": "00:00:39", "text": "But first of all, I want to begin with"}, {"start": "00:00:38", "end": "00:00:41", "text": "this important chart which is a"}, {"start": "00:00:39", "end": "00:00:44", "text": "screenshot of my video from almost a"}, {"start": "00:00:41", "end": "00:00:47", "text": "year ago in April of 2025. So, in my"}, {"start": "00:00:44", "end": "00:00:49", "text": "members video last year, I put out this"}, {"start": "00:00:47", "end": "00:00:51", "text": "particular chart, this wave count on the"}, {"start": "00:00:49", "end": "00:00:54", "text": "stock markets. At the time last year, by"}, {"start": "00:00:51", "end": "00:00:55", "text": "the way, the S&P in April of last year"}, {"start": "00:00:54", "end": "00:00:58", "text": "was at approximately this level, just"}, {"start": "00:00:55", "end": "00:01:00", "text": "under 5,600, as you can see here. Now,"}, {"start": "00:00:58", "end": "00:01:02", "text": "obviously, we're way above that. But"}, {"start": "00:01:00", "end": "00:01:04", "text": "here's what I said in that video, my"}, {"start": "00:01:02", "end": "00:01:06", "text": "members video on April 27th of last"}, {"start": "00:01:04", "end": "00:01:08", "text": "year. So, this particular wave count has"}, {"start": "00:01:06", "end": "00:01:10", "text": "now gained a much higher probability"}, {"start": "00:01:08", "end": "00:01:12", "text": "based on the data we just looked at."}, {"start": "00:01:10", "end": "00:01:14", "text": "This has significantly increased the"}, {"start": "00:01:12", "end": "00:01:16", "text": "likelihood that the market could make"}, {"start": "00:01:14", "end": "00:01:17", "text": "new highs in the next several months."}, {"start": "00:01:16", "end": "00:01:20", "text": "And indeed, I've actually plotted here."}, {"start": "00:01:17", "end": "00:01:22", "text": "I've actually pointed out the levels um"}, {"start": "00:01:20", "end": "00:01:24", "text": "quite clearly on this chart. I'm now"}, {"start": "00:01:22", "end": "00:01:26", "text": "looking for the market in the next"}, {"start": "00:01:24", "end": "00:01:28", "text": "several months and likely potentially by"}, {"start": "00:01:26", "end": "00:01:30", "text": "the end of this year to move to the"}, {"start": "00:01:28", "end": "00:01:32", "text": "first target. So we could see this wave"}, {"start": "00:01:30", "end": "00:01:34", "text": "five extend much higher to over the"}, {"start": "00:01:32", "end": "00:01:37", "text": "7,000 level. That's for the 12 month"}, {"start": "00:01:34", "end": "00:01:38", "text": "period which could take us eventually"}, {"start": "00:01:37", "end": "00:01:39", "text": "7,278."}, {"start": "00:01:38", "end": "00:01:40", "text": "All right guys, thanks for watching"}, {"start": "00:01:39", "end": "00:01:42", "text": "that. So that's one of the important"}, {"start": "00:01:40", "end": "00:01:43", "text": "things about Eliot waves because they"}, {"start": "00:01:42", "end": "00:01:45", "text": "have this predictive potential and"}, {"start": "00:01:43", "end": "00:01:47", "text": "obviously as you can see here the S&P"}, {"start": "00:01:45", "end": "00:01:49", "text": "has now exceeded that level. were above"}, {"start": "00:01:47", "end": "00:01:50", "text": "that level I mentioned last year. By the"}, {"start": "00:01:49", "end": "00:01:52", "text": "way, I want to make it very clear that"}, {"start": "00:01:50", "end": "00:01:54", "text": "I'm not saying that wave five has topped"}, {"start": "00:01:52", "end": "00:01:56", "text": "or completed. No, I don't think as yet"}, {"start": "00:01:54", "end": "00:01:58", "text": "there's any indication that wave five"}, {"start": "00:01:56", "end": "00:02:00", "text": "has topped. And there's still potential"}, {"start": "00:01:58", "end": "00:02:01", "text": "for this wave five to extend higher this"}, {"start": "00:02:00", "end": "00:02:03", "text": "year despite any pullbacks or"}, {"start": "00:02:01", "end": "00:02:04", "text": "corrections we might get this year. All"}, {"start": "00:02:03", "end": "00:02:05", "text": "right, guys. Let's take a look at this"}, {"start": "00:02:04", "end": "00:02:07", "text": "particular data I want to show you here."}, {"start": "00:02:05", "end": "00:02:09", "text": "Now, let me just first of all explain"}, {"start": "00:02:07", "end": "00:02:11", "text": "where I got this data from, courtesy of"}, {"start": "00:02:09", "end": "00:02:13", "text": "Jay Keell of Sentiment Trader. Now, in a"}, {"start": "00:02:11", "end": "00:02:14", "text": "video of his that I watched, Jay Couple"}, {"start": "00:02:13", "end": "00:02:17", "text": "mentioned that there's a seasonal"}, {"start": "00:02:14", "end": "00:02:19", "text": "pattern that occurs every decade. So,"}, {"start": "00:02:17", "end": "00:02:22", "text": "every 10 years, you get this seasonal"}, {"start": "00:02:19", "end": "00:02:24", "text": "pattern called a mid decade bulge. In"}, {"start": "00:02:22", "end": "00:02:27", "text": "other words, every 10 years between year"}, {"start": "00:02:24", "end": "00:02:29", "text": "two and year six of that decade, we see"}, {"start": "00:02:27", "end": "00:02:31", "text": "what's called a very strong period,"}, {"start": "00:02:29", "end": "00:02:34", "text": "what's called a mid decade bulge. In"}, {"start": "00:02:31", "end": "00:02:35", "text": "other words, that particular period, we"}, {"start": "00:02:34", "end": "00:02:36", "text": "see a big bulge."}, {"start": "00:02:35", "end": "00:02:37", "text": ">> That's what she said."}, {"start": "00:02:36", "end": "00:02:39", "text": ">> Or in other words, a lot of strength and"}, {"start": "00:02:37", "end": "00:02:42", "text": "positivity in the major stock markets."}, {"start": "00:02:39", "end": "00:02:45", "text": "In fact, we can see that that period"}, {"start": "00:02:42", "end": "00:02:48", "text": "started in 2022, September 2022, but it"}, {"start": "00:02:45", "end": "00:02:50", "text": "ends March 31st, which by the way, we"}, {"start": "00:02:48", "end": "00:02:52", "text": "just finished recently. Now, let me just"}, {"start": "00:02:50", "end": "00:02:55", "text": "show you some examples. So, here's 2022."}, {"start": "00:02:52", "end": "00:02:58", "text": "September 2022 was here all the way to"}, {"start": "00:02:55", "end": "00:03:00", "text": "March of 2026. Again, the mid decade"}, {"start": "00:02:58", "end": "00:03:02", "text": "bulge. We can see a very strong period."}, {"start": "00:03:00", "end": "00:03:04", "text": "Despite the volatility that we had in"}, {"start": "00:03:02", "end": "00:03:06", "text": "that period, it still managed to extend"}, {"start": "00:03:04", "end": "00:03:08", "text": "higher. And obviously I realize we're"}, {"start": "00:03:06", "end": "00:03:10", "text": "above those levels now from March, but"}, {"start": "00:03:08", "end": "00:03:11", "text": "I'll explain in a few minutes what that"}, {"start": "00:03:10", "end": "00:03:14", "text": "potentially could mean. Here's another"}, {"start": "00:03:11", "end": "00:03:18", "text": "example. So this is from 2012, from"}, {"start": "00:03:14", "end": "00:03:20", "text": "September of that year to March 2016."}, {"start": "00:03:18", "end": "00:03:23", "text": "Here's another example from 2002. Again,"}, {"start": "00:03:20", "end": "00:03:25", "text": "you can see September 2002 was very"}, {"start": "00:03:23", "end": "00:03:28", "text": "close to the bottom and all the way"}, {"start": "00:03:25", "end": "00:03:30", "text": "2006. You can see again a very strong"}, {"start": "00:03:28", "end": "00:03:31", "text": "period again the mid decade bulge. So,"}, {"start": "00:03:30", "end": "00:03:33", "text": "as you can see from this data from"}, {"start": "00:03:31", "end": "00:03:35", "text": "Jaykeell, look at the mid decade bulge"}, {"start": "00:03:33", "end": "00:03:38", "text": "going back all the way to the 20s, the"}, {"start": "00:03:35", "end": "00:03:41", "text": "1920s. And as you can see here, notice"}, {"start": "00:03:38", "end": "00:03:44", "text": "that the four-year period from the"}, {"start": "00:03:41", "end": "00:03:46", "text": "second year to the sixth year of that"}, {"start": "00:03:44", "end": "00:03:48", "text": "decade, as you can see here, for the"}, {"start": "00:03:46", "end": "00:03:50", "text": "last 100 years has typically been"}, {"start": "00:03:48", "end": "00:03:53", "text": "positive. You can see on the right hand"}, {"start": "00:03:50", "end": "00:03:56", "text": "side. So, the percentage positive or the"}, {"start": "00:03:53", "end": "00:03:58", "text": "win rate is very high. In fact, the only"}, {"start": "00:03:56", "end": "00:04:00", "text": "period the only period when this was not"}, {"start": "00:03:58", "end": "00:04:03", "text": "positive was in the 70s. So in other"}, {"start": "00:04:00", "end": "00:04:06", "text": "words, that's almost a 90% win rate for"}, {"start": "00:04:03", "end": "00:04:08", "text": "the markets for this mid decade bulge."}, {"start": "00:04:06", "end": "00:04:10", "text": "So again, the majority as as we"}, {"start": "00:04:08", "end": "00:04:11", "text": "mentioned, 90% of the time it's"}, {"start": "00:04:10", "end": "00:04:15", "text": "positive. And we can see the average"}, {"start": "00:04:11", "end": "00:04:18", "text": "return has been about 65% with a median"}, {"start": "00:04:15", "end": "00:04:19", "text": "return of about approximately 59%."}, {"start": "00:04:18", "end": "00:04:22", "text": "That's very good. Now let me first of"}, {"start": "00:04:19", "end": "00:04:24", "text": "all explain that Jay Keell is not saying"}, {"start": "00:04:22", "end": "00:04:26", "text": "that once this period comes to an end in"}, {"start": "00:04:24", "end": "00:04:28", "text": "March on March 31st that suddenly the"}, {"start": "00:04:26", "end": "00:04:29", "text": "market just tops and then crashes. He's"}, {"start": "00:04:28", "end": "00:04:31", "text": "not saying that and that's not how we"}, {"start": "00:04:29", "end": "00:04:34", "text": "should interpret the data. What it does"}, {"start": "00:04:31", "end": "00:04:36", "text": "mean however is that perhaps the the"}, {"start": "00:04:34", "end": "00:04:37", "text": "easy period for the markets could be"}, {"start": "00:04:36", "end": "00:04:39", "text": "coming to an end. So this particular"}, {"start": "00:04:37", "end": "00:04:41", "text": "seasonal pattern which happens every 10"}, {"start": "00:04:39", "end": "00:04:43", "text": "years every decade seems to indicate"}, {"start": "00:04:41", "end": "00:04:45", "text": "that in this period again from the"}, {"start": "00:04:43", "end": "00:04:48", "text": "second year to the sixth year of that"}, {"start": "00:04:45", "end": "00:04:50", "text": "decade that happens to be a favorable a"}, {"start": "00:04:48", "end": "00:04:52", "text": "positive seasonal period where the easy"}, {"start": "00:04:50", "end": "00:04:53", "text": "money again in quotation marks where the"}, {"start": "00:04:52", "end": "00:04:56", "text": "easy money can be made in the stock"}, {"start": "00:04:53", "end": "00:04:58", "text": "market. However once that period that"}, {"start": "00:04:56", "end": "00:05:00", "text": "seasonal period comes to an end then it"}, {"start": "00:04:58", "end": "00:05:02", "text": "becomes perhaps much more complicated"}, {"start": "00:05:00", "end": "00:05:04", "text": "and less easy perhaps for the uptrend in"}, {"start": "00:05:02", "end": "00:05:05", "text": "the market to continue. Again, it does"}, {"start": "00:05:04", "end": "00:05:07", "text": "not mean the market has to top"}, {"start": "00:05:05", "end": "00:05:09", "text": "immediately, but it does mean we should"}, {"start": "00:05:07", "end": "00:05:11", "text": "be very cautious because if for any"}, {"start": "00:05:09", "end": "00:05:13", "text": "reason, let's say for example, for any"}, {"start": "00:05:11", "end": "00:05:15", "text": "reason in the next several months, let's"}, {"start": "00:05:13", "end": "00:05:16", "text": "say in the next 3 to 6 months, if for"}, {"start": "00:05:15", "end": "00:05:19", "text": "any reason the stock market were to"}, {"start": "00:05:16", "end": "00:05:21", "text": "trigger a bearish reversal signal, any"}, {"start": "00:05:19", "end": "00:05:23", "text": "kind of a reversal signal that's bearish"}, {"start": "00:05:21", "end": "00:05:24", "text": "or negative, if that happens, I'm not"}, {"start": "00:05:23", "end": "00:05:26", "text": "saying it's going to happen, but if that"}, {"start": "00:05:24", "end": "00:05:28", "text": "occurs, that means we should be"}, {"start": "00:05:26", "end": "00:05:30", "text": "extremely cautious and on our guard that"}, {"start": "00:05:28", "end": "00:05:31", "text": "perhaps the market could be reaching a"}, {"start": "00:05:30", "end": "00:05:33", "text": "top. Now, let me just say this. I"}, {"start": "00:05:31", "end": "00:05:35", "text": "personally don't think it's likely for"}, {"start": "00:05:33", "end": "00:05:38", "text": "the market to top this year. So, I'm not"}, {"start": "00:05:35", "end": "00:05:40", "text": "expecting a crash or a major bearish"}, {"start": "00:05:38", "end": "00:05:42", "text": "scenario. Although, I do think given the"}, {"start": "00:05:40", "end": "00:05:44", "text": "conditions in the market right now being"}, {"start": "00:05:42", "end": "00:05:46", "text": "extremely overstretched and overbought"}, {"start": "00:05:44", "end": "00:05:48", "text": "as it is, I think a pullback is quite"}, {"start": "00:05:46", "end": "00:05:50", "text": "probable. So, I am expecting a sizable"}, {"start": "00:05:48", "end": "00:05:51", "text": "pullback or some kind of a retracement"}, {"start": "00:05:50", "end": "00:05:53", "text": "or a minor correction in the next"}, {"start": "00:05:51", "end": "00:05:56", "text": "several weeks. I think a pullback or"}, {"start": "00:05:53", "end": "00:05:58", "text": "retracement after such a strong rally is"}, {"start": "00:05:56", "end": "00:05:59", "text": "probable. And by the way, go and watch"}, {"start": "00:05:58", "end": "00:06:00", "text": "my members video about which particular"}, {"start": "00:05:59", "end": "00:06:02", "text": "levels we could come down to. But"}, {"start": "00:06:00", "end": "00:06:04", "text": "overall, I think once we get this"}, {"start": "00:06:02", "end": "00:06:06", "text": "pullback and retracement or correction"}, {"start": "00:06:04", "end": "00:06:07", "text": "out of the way, I'm still remaining"}, {"start": "00:06:06", "end": "00:06:09", "text": "bullish for the remainder of this year,"}, {"start": "00:06:07", "end": "00:06:11", "text": "despite the fact that perhaps the easy"}, {"start": "00:06:09", "end": "00:06:13", "text": "period for the market seasonally has"}, {"start": "00:06:11", "end": "00:06:15", "text": "come to an end. And by the way, you have"}, {"start": "00:06:13", "end": "00:06:16", "text": "to remember that from a seasonal"}, {"start": "00:06:15", "end": "00:06:19", "text": "perspective, we're coming across some"}, {"start": "00:06:16", "end": "00:06:21", "text": "headwinds, some major obstacles for the"}, {"start": "00:06:19", "end": "00:06:23", "text": "market because usually the period from"}, {"start": "00:06:21", "end": "00:06:25", "text": "May to June, as we see here, is"}, {"start": "00:06:23", "end": "00:06:26", "text": "typically negative. Not a great period"}, {"start": "00:06:25", "end": "00:06:27", "text": "for the market. All right, guys. Thanks"}, {"start": "00:06:26", "end": "00:06:29", "text": "very much indeed. Make sure you go ahead"}, {"start": "00:06:27", "end": "00:06:30", "text": "and watch my members video about more"}, {"start": "00:06:29", "end": "00:06:31", "text": "details. Thanks very much indeed. I look"}, {"start": "00:06:30", "end": "00:06:35", "text": "forward to seeing next video update. Bye"}, {"start": "00:06:31", "end": "00:06:35", "text": "for now."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "According to the Dow theory because we"}, {"start": "00:00:02", "end": "00:00:08", "text": "see things through the Dow theory,"}, {"start": "00:00:04", "end": "00:00:10", "text": ">> it is not even a correction yet. So is"}, {"start": "00:00:08", "end": "00:00:12", "text": "not even a correction really."}, {"start": "00:00:10", "end": "00:00:13", "text": ">> Exactly. And this pullback is healthy."}, {"start": "00:00:12", "end": "00:00:15", "text": "This is a healthy pullback."}, {"start": "00:00:13", "end": "00:00:16", "text": ">> Acceleration extreme overbought"}, {"start": "00:00:15", "end": "00:00:19", "text": "conditions we had recently which the"}, {"start": "00:00:16", "end": "00:00:21", "text": "last time occurred in 2022"}, {"start": "00:00:19", "end": "00:00:23", "text": "resulted in drop into a bare market. All"}, {"start": "00:00:21", "end": "00:00:24", "text": "right guys, hello and welcome. We're"}, {"start": "00:00:23", "end": "00:00:26", "text": "honored to have our special guest Manuel"}, {"start": "00:00:24", "end": "00:00:28", "text": "Blight the Dow Theory Dow Theory.com"}, {"start": "00:00:26", "end": "00:00:30", "text": "that is newsletter. Manuel, uh, I want"}, {"start": "00:00:28", "end": "00:00:32", "text": "to talk about the chart of oil."}, {"start": "00:00:30", "end": "00:00:34", "text": "Obviously, we have the background of the"}, {"start": "00:00:32", "end": "00:00:35", "text": "Iran war happening. A lot of people have"}, {"start": "00:00:34", "end": "00:00:37", "text": "been worried about the potential for"}, {"start": "00:00:35", "end": "00:00:39", "text": "higher oil oil prices and maybe even"}, {"start": "00:00:37", "end": "00:00:42", "text": "higher fuel prices in the future"}, {"start": "00:00:39", "end": "00:00:45", "text": "depending what what happens on oil. So,"}, {"start": "00:00:42", "end": "00:00:47", "text": "that's why oil prices matters. I guess"}, {"start": "00:00:45", "end": "00:00:48", "text": "before we go on to your analysis, let me"}, {"start": "00:00:47", "end": "00:00:50", "text": "just give it give some context here."}, {"start": "00:00:48", "end": "00:00:52", "text": "Some uh weeks ago, I mentioned that when"}, {"start": "00:00:50", "end": "00:00:54", "text": "oil spiked higher, there was an"}, {"start": "00:00:52", "end": "00:00:56", "text": "acceleration extreme. And we sit on the"}, {"start": "00:00:54", "end": "00:00:59", "text": "lower panel of this chart as we can see"}, {"start": "00:00:56", "end": "00:01:01", "text": "red acceleration extreme in 2026 and you"}, {"start": "00:00:59", "end": "00:01:03", "text": "can see that that occurred just before"}, {"start": "00:01:01", "end": "00:01:06", "text": "this major drop that occurred this this"}, {"start": "00:01:03", "end": "00:01:08", "text": "drop this recent drop that occurred uh"}, {"start": "00:01:06", "end": "00:01:11", "text": "on oil prices. Now the last time this"}, {"start": "00:01:08", "end": "00:01:14", "text": "occurred on oil weekly chart was in 2022"}, {"start": "00:01:11", "end": "00:01:17", "text": "on the left hand side. So we can see uh"}, {"start": "00:01:14", "end": "00:01:20", "text": "some years ago red acceleration extreme"}, {"start": "00:01:17", "end": "00:01:22", "text": "when oil prices become parabolic and"}, {"start": "00:01:20", "end": "00:01:25", "text": "then dropped down to the 21 weekly"}, {"start": "00:01:22", "end": "00:01:28", "text": "average. Then after it dropped down to"}, {"start": "00:01:25", "end": "00:01:30", "text": "the 21 weekly it bounced for some months"}, {"start": "00:01:28", "end": "00:01:32", "text": "some weeks and months and then fell into"}, {"start": "00:01:30", "end": "00:01:33", "text": "a bare market."}, {"start": "00:01:32", "end": "00:01:34", "text": "Now we've had a pullback at the moment"}, {"start": "00:01:33", "end": "00:01:36", "text": "and we can see on the right hand side."}, {"start": "00:01:34", "end": "00:01:39", "text": "So we had a nice pullback to the 21"}, {"start": "00:01:36", "end": "00:01:42", "text": "weekly average. It hasn't fallen below"}, {"start": "00:01:39", "end": "00:01:44", "text": "support like support at 76 or 70. My"}, {"start": "00:01:42", "end": "00:01:47", "text": "question to Emanuel Blly is what does he"}, {"start": "00:01:44", "end": "00:01:50", "text": "think is more likely for oil oil prices"}, {"start": "00:01:47", "end": "00:01:52", "text": "in the next several weeks and months?"}, {"start": "00:01:50", "end": "00:01:54", "text": "Could we see new highs on oil prices"}, {"start": "00:01:52", "end": "00:01:57", "text": "which could be very frustrating, not so"}, {"start": "00:01:54", "end": "00:01:59", "text": "good for people who drive cars?"}, {"start": "00:01:57", "end": "00:02:01", "text": ">> According to the Dow theory, because we"}, {"start": "00:01:59", "end": "00:02:06", "text": "see things through the Dow theory,"}, {"start": "00:02:01", "end": "00:02:07", "text": ">> it is not even a correction yet. So, not"}, {"start": "00:02:06", "end": "00:02:11", "text": "even a correction really. Yeah, because"}, {"start": "00:02:07", "end": "00:02:13", "text": "I think the drop has lasted 9 days. This"}, {"start": "00:02:11", "end": "00:02:16", "text": "is in my charts. So I think it it lasted"}, {"start": "00:02:13", "end": "00:02:19", "text": "nine trading days on crude oil. But in"}, {"start": "00:02:16", "end": "00:02:22", "text": "my data feed rate station the decline in"}, {"start": "00:02:19", "end": "00:02:25", "text": "crude oil has been only nine days. Look"}, {"start": "00:02:22", "end": "00:02:29", "text": "exactly look at the at the orange"}, {"start": "00:02:25", "end": "00:02:33", "text": "rectangle. It has been only nine days"}, {"start": "00:02:29", "end": "00:02:35", "text": "and I I at the very least I I need 10"}, {"start": "00:02:33", "end": "00:02:37", "text": "days on a confirmed basis because on the"}, {"start": "00:02:35", "end": "00:02:40", "text": "top chart we have crude oil but the"}, {"start": "00:02:37", "end": "00:02:43", "text": "bottom chart is I think is XLE. So the"}, {"start": "00:02:40", "end": "00:02:45", "text": "energy ETF because I always use"}, {"start": "00:02:43", "end": "00:02:46", "text": "confirmation always with Bitcoin"}, {"start": "00:02:45", "end": "00:02:51", "text": "everything."}, {"start": "00:02:46", "end": "00:02:53", "text": ">> So um the energy ETF XLE yes it has"}, {"start": "00:02:51", "end": "00:02:56", "text": "dropped for 14 days and with highly"}, {"start": "00:02:53", "end": "00:02:58", "text": "volatile assets I am okay if I just have"}, {"start": "00:02:56", "end": "00:03:00", "text": "10 days but on a confirmed basis less"}, {"start": "00:02:58", "end": "00:03:02", "text": "than that"}, {"start": "00:03:00", "end": "00:03:05", "text": "it's like like the drop in gold. If the"}, {"start": "00:03:02", "end": "00:03:07", "text": "first drop was 3 days two days it's okay"}, {"start": "00:03:05", "end": "00:03:10", "text": "it's a sharp drop but it's not a"}, {"start": "00:03:07", "end": "00:03:13", "text": "correction. So from a Dow perspective,"}, {"start": "00:03:10", "end": "00:03:17", "text": "it is a bull market. What I see on the"}, {"start": "00:03:13", "end": "00:03:19", "text": "on the on the orange rectangles is not a"}, {"start": "00:03:17", "end": "00:03:24", "text": "secondary reaction yet. If the price for"}, {"start": "00:03:19", "end": "00:03:27", "text": "oil would drop next Monday, another"}, {"start": "00:03:24", "end": "00:03:29", "text": "another price down then we would get a"}, {"start": "00:03:27", "end": "00:03:31", "text": "secondary reaction and then it's just a"}, {"start": "00:03:29", "end": "00:03:32", "text": "secondary reaction. This is the bare"}, {"start": "00:03:31", "end": "00:03:35", "text": "market. So we we still have a bull"}, {"start": "00:03:32", "end": "00:03:39", "text": "market and a secondary reaction."}, {"start": "00:03:35", "end": "00:03:41", "text": "So as a dtherist I am bullish."}, {"start": "00:03:39", "end": "00:03:43", "text": ">> If it's correct that oil uh crude oil"}, {"start": "00:03:41", "end": "00:03:46", "text": "has moved into a bull market. If we're"}, {"start": "00:03:43", "end": "00:03:49", "text": "in a bull market in oil u again if that"}, {"start": "00:03:46", "end": "00:03:52", "text": "continues uh presumably this would be"}, {"start": "00:03:49", "end": "00:03:54", "text": "beneficial for certain sectors in the"}, {"start": "00:03:52", "end": "00:03:57", "text": "economy. Uh and I think it's your view"}, {"start": "00:03:54", "end": "00:03:59", "text": "that potentially oil stocks or energy"}, {"start": "00:03:57", "end": "00:04:02", "text": "stocks could potentially benefit. U so"}, {"start": "00:03:59", "end": "00:04:04", "text": "are you for example quite bullish on on"}, {"start": "00:04:02", "end": "00:04:06", "text": "the energy stocks like XLE? Are you"}, {"start": "00:04:04", "end": "00:04:08", "text": "bullish on that? Which by the way is"}, {"start": "00:04:06", "end": "00:04:11", "text": "also pulled back to the 21 weekly"}, {"start": "00:04:08", "end": "00:04:13", "text": "average approximately."}, {"start": "00:04:11", "end": "00:04:14", "text": ">> Exactly. And this pullback is healthy."}, {"start": "00:04:13", "end": "00:04:16", "text": "This is a healthy bullback."}, {"start": "00:04:14", "end": "00:04:19", "text": ">> Yeah."}, {"start": "00:04:16", "end": "00:04:21", "text": ">> So I tell you the truth, XLE"}, {"start": "00:04:19", "end": "00:04:25", "text": "has been ranked top ranked. So I have a"}, {"start": "00:04:21", "end": "00:04:27", "text": "position in in this energy ETF because"}, {"start": "00:04:25", "end": "00:04:30", "text": "okay, it it is one of the top three"}, {"start": "00:04:27", "end": "00:04:32", "text": "ranked sector ETFs. So if in one"}, {"start": "00:04:30", "end": "00:04:35", "text": "strategy that has been proven to work."}, {"start": "00:04:32", "end": "00:04:37", "text": "So I have a position in energy ETF that"}, {"start": "00:04:35", "end": "00:04:40", "text": "says everything. So the market is"}, {"start": "00:04:37", "end": "00:04:41", "text": "bullish. If I look at the earnings"}, {"start": "00:04:40", "end": "00:04:43", "text": "revisions profile for me earnings"}, {"start": "00:04:41", "end": "00:04:46", "text": "reisions means not that much the"}, {"start": "00:04:43", "end": "00:04:49", "text": "absolute level of earnings but the trend"}, {"start": "00:04:46", "end": "00:04:51", "text": "of the revision. So are analysts"}, {"start": "00:04:49", "end": "00:04:54", "text": "revising"}, {"start": "00:04:51", "end": "00:04:57", "text": "earnings upward or downward for a given"}, {"start": "00:04:54", "end": "00:04:59", "text": "quarter? So I don't care about the"}, {"start": "00:04:57", "end": "00:05:02", "text": "price. I care about the direction trend"}, {"start": "00:04:59", "end": "00:05:07", "text": "follower once again. So if the direction"}, {"start": "00:05:02", "end": "00:05:09", "text": "of revisions is trending lower then it"}, {"start": "00:05:07", "end": "00:05:11", "text": "tends to be a headwind against higher"}, {"start": "00:05:09", "end": "00:05:14", "text": "prices. But of course this is quite"}, {"start": "00:05:11", "end": "00:05:16", "text": "relative because sometimes price leads"}, {"start": "00:05:14", "end": "00:05:20", "text": "revisions. But the sweetest moments is"}, {"start": "00:05:16", "end": "00:05:23", "text": "is when both the trend of revisions and"}, {"start": "00:05:20", "end": "00:05:25", "text": "the trend of the asset are in gear. And"}, {"start": "00:05:23", "end": "00:05:29", "text": "these are and this has been tested"}, {"start": "00:05:25", "end": "00:05:30", "text": "proven that these are the best moments"}, {"start": "00:05:29", "end": "00:05:32", "text": "of outperformance."}, {"start": "00:05:30", "end": "00:05:33", "text": ">> Just let everyone know that again this"}, {"start": "00:05:32", "end": "00:05:35", "text": "video is only for educational purposes."}, {"start": "00:05:33", "end": "00:05:38", "text": "So it's by no means a recommendation to"}, {"start": "00:05:35", "end": "00:05:40", "text": "buy or sell any market with ETF, stocks,"}, {"start": "00:05:38", "end": "00:05:44", "text": "crypto, anything at all. I would say as"}, {"start": "00:05:40", "end": "00:05:47", "text": "long as oil can stay above 76 or 70."}, {"start": "00:05:44", "end": "00:05:49", "text": "Again, for now, this simply a pullback"}, {"start": "00:05:47", "end": "00:05:50", "text": "correction or pullback. Again, manual"}, {"start": "00:05:49", "end": "00:05:52", "text": "says that it could just be a pullback,"}, {"start": "00:05:50", "end": "00:05:54", "text": "not not a correction. I don't know if"}, {"start": "00:05:52", "end": "00:05:56", "text": "we're going to make new highs on oil."}, {"start": "00:05:54", "end": "00:05:59", "text": "That that to me I remain uncertain about"}, {"start": "00:05:56", "end": "00:06:02", "text": "that. Why? Because of the extreme"}, {"start": "00:05:59", "end": "00:06:03", "text": "acceleration that we had recently. So I"}, {"start": "00:06:02", "end": "00:06:05", "text": "I would I would prefer to agree with"}, {"start": "00:06:03", "end": "00:06:07", "text": "Manuel here that we could be in a bull"}, {"start": "00:06:05", "end": "00:06:09", "text": "market on oil. I'm still leaning a bit"}, {"start": "00:06:07", "end": "00:06:11", "text": "cautious here simply because the D"}, {"start": "00:06:09", "end": "00:06:13", "text": "simply because of the extreme"}, {"start": "00:06:11", "end": "00:06:14", "text": "acceleration extreme overbought"}, {"start": "00:06:13", "end": "00:06:17", "text": "conditions we had recently which the"}, {"start": "00:06:14", "end": "00:06:19", "text": "last time occurred in 2022"}, {"start": "00:06:17", "end": "00:06:20", "text": "resulted in well there was a bounce"}, {"start": "00:06:19", "end": "00:06:22", "text": "first of all but then it drop into a"}, {"start": "00:06:20", "end": "00:06:25", "text": "bare market so I'm a bit concerned about"}, {"start": "00:06:22", "end": "00:06:29", "text": "that keeping it simple as long as oil"}, {"start": "00:06:25", "end": "00:06:30", "text": "crude oil here stays above 76 or 70 uh"}, {"start": "00:06:29", "end": "00:06:33", "text": "there is potential here for another"}, {"start": "00:06:30", "end": "00:06:35", "text": "bounce or rally perhaps to a 100 level"}, {"start": "00:06:33", "end": "00:06:38", "text": "whether it goes to new alltime highs I"}, {"start": "00:06:35", "end": "00:06:40", "text": "don't know uh But Manuel is more bullish"}, {"start": "00:06:38", "end": "00:06:42", "text": "on this than I am. So he could be right."}, {"start": "00:06:40", "end": "00:06:44", "text": "So Manuel probably could be right here."}, {"start": "00:06:42", "end": "00:06:47", "text": ">> I'm bullish, but you know I I consider"}, {"start": "00:06:44", "end": "00:06:50", "text": "investing like a like a soccer football."}, {"start": "00:06:47", "end": "00:06:52", "text": "You're British like football team."}, {"start": "00:06:50", "end": "00:06:55", "text": ">> So you have to have several assets,"}, {"start": "00:06:52", "end": "00:06:58", "text": "Bitcoin, gold, stocks, ETFs, you name"}, {"start": "00:06:55", "end": "00:07:00", "text": "it. And then it's like a team. So some"}, {"start": "00:06:58", "end": "00:07:02", "text": "you have, let's say, predictions. I"}, {"start": "00:07:00", "end": "00:07:04", "text": "don't like the word for all team"}, {"start": "00:07:02", "end": "00:07:07", "text": "members. Some some some of them will"}, {"start": "00:07:04", "end": "00:07:09", "text": "score, the others will absolutely but"}, {"start": "00:07:07", "end": "00:07:10", "text": "but maybe the ma Manchester United w"}, {"start": "00:07:09", "end": "00:07:13", "text": "won."}, {"start": "00:07:10", "end": "00:07:16", "text": ">> And this is important and maybe you were"}, {"start": "00:07:13", "end": "00:07:17", "text": "wrong in one specific prediction. I hate"}, {"start": "00:07:16", "end": "00:07:19", "text": "that word. Absolutely."}, {"start": "00:07:17", "end": "00:07:21", "text": ">> But the team you won and this is you"}, {"start": "00:07:19", "end": "00:07:23", "text": "have to look from a portfolio"}, {"start": "00:07:21", "end": "00:07:26", "text": "perspective from a football soccer from"}, {"start": "00:07:23", "end": "00:07:27", "text": "a football team perspective. If you have"}, {"start": "00:07:26", "end": "00:07:29", "text": "a good strategy, if you know how to"}, {"start": "00:07:27", "end": "00:07:32", "text": "appraise trends, but we're discussing"}, {"start": "00:07:29", "end": "00:07:35", "text": ">> I agree. We have we we have talked about"}, {"start": "00:07:32", "end": "00:07:37", "text": "Bitcoin, gold, silver, uh stocks, blah"}, {"start": "00:07:35", "end": "00:07:40", "text": "blah blah. And if you have a portfolio"}, {"start": "00:07:37", "end": "00:07:42", "text": "and you have a sound methodology and you"}, {"start": "00:07:40", "end": "00:07:45", "text": "know when to buy, when to sell, some of"}, {"start": "00:07:42", "end": "00:07:49", "text": "your team members of your football"}, {"start": "00:07:45", "end": "00:07:51", "text": "players maybe won't score and maybe will"}, {"start": "00:07:49", "end": "00:07:54", "text": "have a horrible day, but you don't care"}, {"start": "00:07:51", "end": "00:07:57", "text": "because as a team, as a portfolio, you"}, {"start": "00:07:54", "end": "00:08:00", "text": "will perform. And this is so it's good"}, {"start": "00:07:57", "end": "00:08:04", "text": "that we discuss but this what I say look"}, {"start": "00:08:00", "end": "00:08:06", "text": ">> I I I I pledge my honor that oil is"}, {"start": "00:08:04", "end": "00:08:08", "text": "going to be up. I'm sure no the it's a"}, {"start": "00:08:06", "end": "00:08:11", "text": "bull market so the odds favor a bull"}, {"start": "00:08:08", "end": "00:08:13", "text": "market and it goes down I don't care"}, {"start": "00:08:11", "end": "00:08:15", "text": "because it's a is a member of one"}, {"start": "00:08:13", "end": "00:08:17", "text": "football team a soccer team. Sure."}, {"start": "00:08:15", "end": "00:08:20", "text": "Absolutely. No, I totally there's a"}, {"start": "00:08:17", "end": "00:08:23", "text": "famous phrase uh saying which goes back"}, {"start": "00:08:20", "end": "00:08:25", "text": "uh centuries ago and it and it says uh"}, {"start": "00:08:23", "end": "00:08:26", "text": "it's not about winning every battle but"}, {"start": "00:08:25", "end": "00:08:28", "text": "it's about winning the war. That's that"}, {"start": "00:08:26", "end": "00:08:29", "text": "sort of thing. So yeah, you're correct."}, {"start": "00:08:28", "end": "00:08:32", "text": ">> Win the war."}, {"start": "00:08:29", "end": "00:08:34", "text": ">> Um and also I would say I actually think"}, {"start": "00:08:32", "end": "00:08:35", "text": "I mean I I take everything you say quite"}, {"start": "00:08:34", "end": "00:08:37", "text": "seriously. In other words, I do think"}, {"start": "00:08:35", "end": "00:08:40", "text": "there's potential I think there's"}, {"start": "00:08:37", "end": "00:08:42", "text": "potential for energy stocks, oil stocks"}, {"start": "00:08:40", "end": "00:08:44", "text": "to do quite well in the in the next"}, {"start": "00:08:42", "end": "00:08:47", "text": "several weeks and months, provided oil"}, {"start": "00:08:44", "end": "00:08:49", "text": "also stays in a bull market. So, I'm I'm"}, {"start": "00:08:47", "end": "00:08:51", "text": "going with what you're saying here. I I"}, {"start": "00:08:49", "end": "00:08:53", "text": "I agree with you, but I'm just simply"}, {"start": "00:08:51", "end": "00:08:55", "text": "saying there's a few charts that make me"}, {"start": "00:08:53", "end": "00:08:57", "text": "a little bit worried like the overbought"}, {"start": "00:08:55", "end": "00:08:58", "text": "conditions like we saw. Again, we'll see"}, {"start": "00:08:57", "end": "00:09:00", "text": "what happens. Guys, go ahead and check"}, {"start": "00:08:58", "end": "00:09:03", "text": "out Manuel Blly's excellent offer for"}, {"start": "00:09:00", "end": "00:09:05", "text": "his newsletter. a 25% discount on the"}, {"start": "00:09:03", "end": "00:09:07", "text": "dow theory.com newsletter. The link is"}, {"start": "00:09:05", "end": "00:09:08", "text": "right there for you. You'll see it"}, {"start": "00:09:07", "end": "00:09:09", "text": "there. It's also in the description. Go"}, {"start": "00:09:08", "end": "00:09:11", "text": "ahead and check it out. It's only for a"}, {"start": "00:09:09", "end": "00:09:12", "text": "limited time, by the way, this offer."}, {"start": "00:09:11", "end": "00:09:14", "text": "And by the way, not only do you get"}, {"start": "00:09:12", "end": "00:09:16", "text": "access to Dow Theory newsletter for"}, {"start": "00:09:14", "end": "00:09:18", "text": "crypto, you also get Dow Theory"}, {"start": "00:09:16", "end": "00:09:20", "text": "newsletter for stock markets as well."}, {"start": "00:09:18", "end": "00:09:21", "text": "Uh, by the way guys, also check out the"}, {"start": "00:09:20", "end": "00:09:23", "text": "continuation of our interview with"}, {"start": "00:09:21", "end": "00:09:24", "text": "Manuel Bllye in the member video. In the"}, {"start": "00:09:23", "end": "00:09:26", "text": "member video, we covered the stock"}, {"start": "00:09:24", "end": "00:09:28", "text": "market and also gold medals in much more"}, {"start": "00:09:26", "end": "00:09:29", "text": "detail. Thanks very much, man. Much"}, {"start": "00:09:28", "end": "00:09:32", "text": "appreciated. See you next."}, {"start": "00:09:29", "end": "00:09:32", "text": ">> Thanks to you."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "It is still a bull market. What we are"}, {"start": "00:00:02", "end": "00:00:07", "text": "seeing right now is a secondary reaction"}, {"start": "00:00:04", "end": "00:00:09", "text": "against a bull market. So a correction,"}, {"start": "00:00:07", "end": "00:00:11", "text": "but it is not a bare market yet."}, {"start": "00:00:09", "end": "00:00:14", "text": ">> Let's say for example, hypothetically"}, {"start": "00:00:11", "end": "00:00:15", "text": "that occurs. How much lower than could"}, {"start": "00:00:14", "end": "00:00:16", "text": "silver drop down to? All right guys,"}, {"start": "00:00:15", "end": "00:00:18", "text": "hello and welcome. In this particular"}, {"start": "00:00:16", "end": "00:00:20", "text": "video, we're joined here by trader and"}, {"start": "00:00:18", "end": "00:00:22", "text": "analyst Manuel Blly the dow theory.com."}, {"start": "00:00:20", "end": "00:00:23", "text": "We're going to talk about silver. So"}, {"start": "00:00:22", "end": "00:00:25", "text": "there's a lot of things we're going to"}, {"start": "00:00:23", "end": "00:00:27", "text": "cover about charted silver. Uh let's dig"}, {"start": "00:00:25", "end": "00:00:29", "text": "into it. Manuel, I know you're into"}, {"start": "00:00:27", "end": "00:00:31", "text": "metals, gold and silver. Now, we've"}, {"start": "00:00:29", "end": "00:00:33", "text": "covered the chart of gold in the member"}, {"start": "00:00:31", "end": "00:00:34", "text": "video already. Uh, but we're going to"}, {"start": "00:00:33", "end": "00:00:37", "text": "cover the chart of silver here. You've"}, {"start": "00:00:34", "end": "00:00:40", "text": "been a bull on metals now for quite a"}, {"start": "00:00:37", "end": "00:00:42", "text": "long time. And I think you were riding"}, {"start": "00:00:40", "end": "00:00:44", "text": "this bull market on silver. Yeah. Quite"}, {"start": "00:00:42", "end": "00:00:47", "text": "a long time. Yeah. Two years. Now, we've"}, {"start": "00:00:44", "end": "00:00:49", "text": "seen a sharp pullback in silver and gold"}, {"start": "00:00:47", "end": "00:00:51", "text": "in the last few months. Um a pullback by"}, {"start": "00:00:49", "end": "00:00:53", "text": "the way which we anticipated because"}, {"start": "00:00:51", "end": "00:00:55", "text": "after silver and gold reached extreme"}, {"start": "00:00:53", "end": "00:00:57", "text": "overbought conditions parabolic rally"}, {"start": "00:00:55", "end": "00:00:58", "text": "there's a lot of warning signs we"}, {"start": "00:00:57", "end": "00:01:00", "text": "mentioned in previous videos we saw a"}, {"start": "00:00:58", "end": "00:01:02", "text": "pull back down on silver to the expected"}, {"start": "00:01:00", "end": "00:01:03", "text": "levels more or less but the question I"}, {"start": "00:01:02", "end": "00:01:05", "text": "guess we we're wondering is I mean here"}, {"start": "00:01:03", "end": "00:01:07", "text": "I have a chart let's go into the chart"}, {"start": "00:01:05", "end": "00:01:11", "text": "this is a chart of silver going back all"}, {"start": "00:01:07", "end": "00:01:14", "text": "the way to 2009 as we can see here 2011"}, {"start": "00:01:11", "end": "00:01:15", "text": "high and the 2026 high just mentioned"}, {"start": "00:01:14", "end": "00:01:18", "text": "the reason I mentioned that particular"}, {"start": "00:01:15", "end": "00:01:19", "text": "chart this this one a few minutes ago is"}, {"start": "00:01:18", "end": "00:01:21", "text": "because uh some people may not know"}, {"start": "00:01:19", "end": "00:01:24", "text": "this, but I've been bullish on silver"}, {"start": "00:01:21", "end": "00:01:26", "text": "from 2022. Uh I put out videos back"}, {"start": "00:01:24", "end": "00:01:28", "text": "then, 2020, 2023, where I mentioned that"}, {"start": "00:01:26", "end": "00:01:31", "text": "silver could likely move to new all-time"}, {"start": "00:01:28", "end": "00:01:33", "text": "highs. Take out the 2011 highs as well."}, {"start": "00:01:31", "end": "00:01:35", "text": "So, my own personal view is that I still"}, {"start": "00:01:33", "end": "00:01:36", "text": "think even at the prices silver is right"}, {"start": "00:01:35", "end": "00:01:38", "text": "now, I still think it's quite"}, {"start": "00:01:36", "end": "00:01:40", "text": "undervalued and relatively cheap."}, {"start": "00:01:38", "end": "00:01:41", "text": "Personally, if I see another pullback,"}, {"start": "00:01:40", "end": "00:01:43", "text": "another major correction in silver, I'll"}, {"start": "00:01:41", "end": "00:01:44", "text": "still continue to load up on the metal,"}, {"start": "00:01:43", "end": "00:01:46", "text": "on the precious metal. And I personally"}, {"start": "00:01:44", "end": "00:01:48", "text": "think we have much higher levels to come"}, {"start": "00:01:46", "end": "00:01:50", "text": "on silver in the next few years. I think"}, {"start": "00:01:48", "end": "00:01:53", "text": "in the longer term, silver could test"}, {"start": "00:01:50", "end": "00:01:55", "text": "the prior highs that saw in 2011 near"}, {"start": "00:01:53", "end": "00:01:56", "text": "the 4550 region there on the chart. As"}, {"start": "00:01:55", "end": "00:01:59", "text": "you can see, that was a prior high in"}, {"start": "00:01:56", "end": "00:02:01", "text": "2011 at about the $4950 region. And I"}, {"start": "00:01:59", "end": "00:02:02", "text": "think we could go to those levels and"}, {"start": "00:02:01", "end": "00:02:04", "text": "perhaps take those levels out in the"}, {"start": "00:02:02", "end": "00:02:06", "text": "next uh year or two. As far as this"}, {"start": "00:02:04", "end": "00:02:08", "text": "recent action is concerned, we've seen a"}, {"start": "00:02:06", "end": "00:02:11", "text": "nice pullback correction to the 21w"}, {"start": "00:02:08", "end": "00:02:12", "text": "weekly and the 34 weekly as well. It is"}, {"start": "00:02:11", "end": "00:02:15", "text": "composed at the moment. It's a"}, {"start": "00:02:12", "end": "00:02:16", "text": "three-wave structure on silver. So,"}, {"start": "00:02:15", "end": "00:02:18", "text": "we've got a three-wave pullback on"}, {"start": "00:02:16", "end": "00:02:19", "text": "silver as we can see. I I guess the"}, {"start": "00:02:18", "end": "00:02:21", "text": "question I want to ask you, uh, Manuel,"}, {"start": "00:02:19", "end": "00:02:24", "text": "do you consider this pullback at the"}, {"start": "00:02:21", "end": "00:02:26", "text": "moment to be a correction,"}, {"start": "00:02:24", "end": "00:02:28", "text": "uh, before we move to new highs? Because"}, {"start": "00:02:26", "end": "00:02:29", "text": "I think that's what a lot of people on"}, {"start": "00:02:28", "end": "00:02:30", "text": "YouTube do want to hear. I'm sure"}, {"start": "00:02:29", "end": "00:02:31", "text": "there's a lot of people probably just"}, {"start": "00:02:30", "end": "00:02:33", "text": "watching our videos because they want to"}, {"start": "00:02:31", "end": "00:02:37", "text": "say, \"Oh, yeah, we're going to move to"}, {"start": "00:02:33", "end": "00:02:39", "text": "new highs above a $120, $140, you know.\""}, {"start": "00:02:37", "end": "00:02:41", "text": "Um but as you know as you guys know we"}, {"start": "00:02:39", "end": "00:02:43", "text": "we prefer to remain objective as"}, {"start": "00:02:41", "end": "00:02:46", "text": "possible in our analysis. What's your"}, {"start": "00:02:43", "end": "00:02:47", "text": "view on uh silver and I do think I think"}, {"start": "00:02:46", "end": "00:02:49", "text": "you want to mention something about the"}, {"start": "00:02:47", "end": "00:02:51", "text": "Dow theory model as well."}, {"start": "00:02:49", "end": "00:02:54", "text": ">> Well yes because I see markets through"}, {"start": "00:02:51", "end": "00:02:55", "text": "Dory lenses. So it's the only way I see"}, {"start": "00:02:54", "end": "00:02:55", "text": "them. So"}, {"start": "00:02:55", "end": "00:02:58", "text": ">> sure"}, {"start": "00:02:55", "end": "00:03:00", "text": ">> it is still it is still a bull market."}, {"start": "00:02:58", "end": "00:03:02", "text": "What we are seeing right now is a"}, {"start": "00:03:00", "end": "00:03:05", "text": "secondary reaction against a bull"}, {"start": "00:03:02", "end": "00:03:06", "text": "market. So a correction but it is not a"}, {"start": "00:03:05", "end": "00:03:09", "text": "bare market yet."}, {"start": "00:03:06", "end": "00:03:12", "text": "And I say that because not only the"}, {"start": "00:03:09", "end": "00:03:14", "text": "price action in silver which in itself"}, {"start": "00:03:12", "end": "00:03:18", "text": "wouldn't be a bare market but also"}, {"start": "00:03:14", "end": "00:03:19", "text": "because gold is confirming. So gold is"}, {"start": "00:03:18", "end": "00:03:22", "text": "displaying if you look at at a gold"}, {"start": "00:03:19", "end": "00:03:25", "text": "chart is the very same structure we see"}, {"start": "00:03:22", "end": "00:03:29", "text": "here. So in other words both go silver"}, {"start": "00:03:25", "end": "00:03:31", "text": "and gold are in a secondary bearish"}, {"start": "00:03:29", "end": "00:03:34", "text": "reaction against the primary bull"}, {"start": "00:03:31", "end": "00:03:36", "text": "market. So the primary trend remains"}, {"start": "00:03:34", "end": "00:03:38", "text": "bullish. This a correction for silver is"}, {"start": "00:03:36", "end": "00:03:42", "text": "a painful one. It's very painful because"}, {"start": "00:03:38", "end": "00:03:45", "text": "silver has very high volatility. So many"}, {"start": "00:03:42", "end": "00:03:47", "text": "say look if it has dropped 45% this is a"}, {"start": "00:03:45", "end": "00:03:50", "text": "bare market depends because you have to"}, {"start": "00:03:47", "end": "00:03:50", "text": "measure against its own volatility."}, {"start": "00:03:50", "end": "00:03:54", "text": ">> Correct."}, {"start": "00:03:50", "end": "00:03:56", "text": ">> So no it is the same goes with Bitcoin"}, {"start": "00:03:54", "end": "00:03:58", "text": "for instance. So you have to adjust for"}, {"start": "00:03:56", "end": "00:04:03", "text": "volatility. So what what we are seeing"}, {"start": "00:03:58", "end": "00:04:05", "text": "here it is painful of course but it is a"}, {"start": "00:04:03", "end": "00:04:07", "text": "correction within a bull market."}, {"start": "00:04:05", "end": "00:04:10", "text": ">> Yes. Um I I I agree with you from an"}, {"start": "00:04:07", "end": "00:04:12", "text": "Elliot wave perspective also the drop so"}, {"start": "00:04:10", "end": "00:04:15", "text": "far has been composed of three waves. Uh"}, {"start": "00:04:12", "end": "00:04:17", "text": "it's a three-wave structure um that we"}, {"start": "00:04:15", "end": "00:04:20", "text": "can see here in this drop which is a"}, {"start": "00:04:17", "end": "00:04:22", "text": "corrective structure. However, I think"}, {"start": "00:04:20", "end": "00:04:24", "text": "um you have actually a much more radical"}, {"start": "00:04:22", "end": "00:04:26", "text": "uh point of view as well, which by the"}, {"start": "00:04:24", "end": "00:04:28", "text": "way is not a forecast, not a prediction,"}, {"start": "00:04:26", "end": "00:04:30", "text": "but you make a point that if both gold"}, {"start": "00:04:28", "end": "00:04:33", "text": "and silver, let me just get the chart."}, {"start": "00:04:30", "end": "00:04:36", "text": "If both gold and silver were to breach"}, {"start": "00:04:33", "end": "00:04:38", "text": "the recent lows they made in March, uh"}, {"start": "00:04:36", "end": "00:04:40", "text": "or the recent lows whenever they were,"}, {"start": "00:04:38", "end": "00:04:42", "text": "that would actually trigger a Dow theory"}, {"start": "00:04:40", "end": "00:04:44", "text": "bearish signal, which would potentially"}, {"start": "00:04:42", "end": "00:04:46", "text": "increase the odds of a bare market in"}, {"start": "00:04:44", "end": "00:04:48", "text": "metals. Is that correct?"}, {"start": "00:04:46", "end": "00:04:49", "text": ">> Yes. Yes, that's correct. By the way,"}, {"start": "00:04:48", "end": "00:04:52", "text": "we're not saying it's going to happen,"}, {"start": "00:04:49", "end": "00:04:54", "text": "but we're just saying if the metals,"}, {"start": "00:04:52", "end": "00:04:57", "text": "gold and silver, were to drop below the"}, {"start": "00:04:54", "end": "00:04:59", "text": "lows of March, the respective lows,"}, {"start": "00:04:57", "end": "00:05:00", "text": ">> if those levels get taken out on a"}, {"start": "00:04:59", "end": "00:05:01", "text": "closing basis, for example, on a daily"}, {"start": "00:05:00", "end": "00:05:05", "text": "chart close,"}, {"start": "00:05:01", "end": "00:05:08", "text": ">> that actually could trigger a Dow theory"}, {"start": "00:05:05", "end": "00:05:09", "text": "bearish signal. And if that occurs, I"}, {"start": "00:05:08", "end": "00:05:11", "text": "mean, let's say that let's say for"}, {"start": "00:05:09", "end": "00:05:13", "text": "example, hypothetically, that occurs,"}, {"start": "00:05:11", "end": "00:05:15", "text": "how how much lower then could silver"}, {"start": "00:05:13", "end": "00:05:17", "text": "drop down to? We're, by the way, we've"}, {"start": "00:05:15", "end": "00:05:18", "text": "already covered gold in the member"}, {"start": "00:05:17", "end": "00:05:20", "text": "video. Go ahead and check that out. The"}, {"start": "00:05:18", "end": "00:05:21", "text": "members video. As far as silver is"}, {"start": "00:05:20", "end": "00:05:22", "text": "concerned, what about that? What What"}, {"start": "00:05:21", "end": "00:05:26", "text": "about silver?"}, {"start": "00:05:22", "end": "00:05:29", "text": ">> There's Well, we can see a support level"}, {"start": "00:05:26", "end": "00:05:31", "text": "around $45, something like this on the"}, {"start": "00:05:29", "end": "00:05:33", "text": "chart. It could well go down to this"}, {"start": "00:05:31", "end": "00:05:35", "text": "resist support level we see on the"}, {"start": "00:05:33", "end": "00:05:36", "text": "chart."}, {"start": "00:05:35", "end": "00:05:38", "text": ">> Which I think for gold is something"}, {"start": "00:05:36", "end": "00:05:40", "text": "similar. So, the structure is really"}, {"start": "00:05:38", "end": "00:05:43", "text": "quite similar for both. So, look down"}, {"start": "00:05:40", "end": "00:05:44", "text": "below. Look down below. I mean, for one"}, {"start": "00:05:43", "end": "00:05:47", "text": "thing, we have the 50 simple moving"}, {"start": "00:05:44", "end": "00:05:49", "text": "average there. That's the that's the"}, {"start": "00:05:47", "end": "00:05:51", "text": "grayish white line that could get"}, {"start": "00:05:49", "end": "00:05:53", "text": "tested. Uh, which is about approximately"}, {"start": "00:05:51", "end": "00:05:55", "text": "55 or 60 probably"}, {"start": "00:05:53", "end": "00:05:56", "text": ">> that might get tested. Uh, but yeah, it"}, {"start": "00:05:55", "end": "00:05:58", "text": "could go even lower than that. I I"}, {"start": "00:05:56", "end": "00:06:01", "text": "totally agree with you because um if a"}, {"start": "00:05:58", "end": "00:06:03", "text": "bare market signal gets triggered, you"}, {"start": "00:06:01", "end": "00:06:05", "text": "know, you could see severely more"}, {"start": "00:06:03", "end": "00:06:07", "text": "downside. Uh, absolutely. But no, this"}, {"start": "00:06:05", "end": "00:06:12", "text": "is not in the cards right now because we"}, {"start": "00:06:07", "end": "00:06:15", "text": "also have to look at the GDX and seal"}, {"start": "00:06:12", "end": "00:06:17", "text": "the the gold and silver miners ETFs"}, {"start": "00:06:15", "end": "00:06:20", "text": ">> and they are also bullish. So normally"}, {"start": "00:06:17", "end": "00:06:24", "text": "there is also a big influence. So"}, {"start": "00:06:20", "end": "00:06:25", "text": ">> if the miners ETFs become bearish then"}, {"start": "00:06:24", "end": "00:06:28", "text": "it's also a negative influence a"}, {"start": "00:06:25", "end": "00:06:29", "text": "negative background for gold and silver"}, {"start": "00:06:28", "end": "00:06:33", "text": "and right now they are bullish. They're"}, {"start": "00:06:29", "end": "00:06:37", "text": "also under a correction within a bull"}, {"start": "00:06:33", "end": "00:06:41", "text": "market. So in other words, I see the"}, {"start": "00:06:37", "end": "00:06:42", "text": "weight of evidence tilts towards bull a"}, {"start": "00:06:41", "end": "00:06:44", "text": "bull market. We had a bull market in"}, {"start": "00:06:42", "end": "00:06:45", "text": "silver and gold. There is a correction."}, {"start": "00:06:44", "end": "00:06:47", "text": "It's okay. There is also another"}, {"start": "00:06:45", "end": "00:06:50", "text": "correction in the gold and silver minor"}, {"start": "00:06:47", "end": "00:06:54", "text": "ETFs. It's okay. But they are also in"}, {"start": "00:06:50", "end": "00:06:56", "text": "bullish trends. So right now the the"}, {"start": "00:06:54", "end": "00:06:58", "text": "weight of the evidence says it is a bull"}, {"start": "00:06:56", "end": "00:07:00", "text": "market."}, {"start": "00:06:58", "end": "00:07:03", "text": ">> Yes. Can I ask you, is it your view that"}, {"start": "00:07:00", "end": "00:07:04", "text": "in the next several months, I mean, are"}, {"start": "00:07:03", "end": "00:07:07", "text": "I'm assuming you're not expecting a"}, {"start": "00:07:04", "end": "00:07:08", "text": "rally to new all-time highs anytime"}, {"start": "00:07:07", "end": "00:07:10", "text": "soon? Am I right?"}, {"start": "00:07:08", "end": "00:07:10", "text": ">> Anytime soon. Yeah."}, {"start": "00:07:10", "end": "00:07:12", "text": ">> Yeah."}, {"start": "00:07:10", "end": "00:07:13", "text": ">> Sorry."}, {"start": "00:07:12", "end": "00:07:14", "text": ">> Yes, I agree with you."}, {"start": "00:07:13", "end": "00:07:16", "text": ">> Oh, okay. Okay, you are. So in other"}, {"start": "00:07:14", "end": "00:07:19", "text": "words, you're you're of the belief that"}, {"start": "00:07:16", "end": "00:07:21", "text": "you're of the view that we might if we"}, {"start": "00:07:19", "end": "00:07:22", "text": "don't make new lows, then we might just"}, {"start": "00:07:21", "end": "00:07:24", "text": "consolidate for some months, go"}, {"start": "00:07:22", "end": "00:07:26", "text": "sideways. That sort of"}, {"start": "00:07:24", "end": "00:07:29", "text": ">> sideways backing and feeling and range"}, {"start": "00:07:26", "end": "00:07:30", "text": "and but it's not a bare market. This"}, {"start": "00:07:29", "end": "00:07:32", "text": "happens within corrections."}, {"start": "00:07:30", "end": "00:07:34", "text": ">> Within corrections. Yeah. So even if we"}, {"start": "00:07:32", "end": "00:07:37", "text": "don't make new highs, we could be stuck"}, {"start": "00:07:34", "end": "00:07:39", "text": "in some kind of very frustrating"}, {"start": "00:07:37", "end": "00:07:40", "text": "several months of this year, maybe"}, {"start": "00:07:39", "end": "00:07:43", "text": "towards the end of the year, just going"}, {"start": "00:07:40", "end": "00:07:46", "text": "sideways up and down in a range between"}, {"start": "00:07:43", "end": "00:07:48", "text": "like the range between 100, 120 to about"}, {"start": "00:07:46", "end": "00:07:48", "text": "65, 60 maybe even. Do you think that's"}, {"start": "00:07:48", "end": "00:07:49", "text": "problem?"}, {"start": "00:07:48", "end": "00:07:50", "text": ">> Yeah."}, {"start": "00:07:49", "end": "00:07:53", "text": ">> Yeah, it's problem. It's problem because"}, {"start": "00:07:50", "end": "00:07:56", "text": "for more it was very overbought silver."}, {"start": "00:07:53", "end": "00:07:59", "text": "So now you need to digest"}, {"start": "00:07:56", "end": "00:08:00", "text": "this overbought period and it went"}, {"start": "00:07:59", "end": "00:08:02", "text": "parabolic and you know that when it goes"}, {"start": "00:08:00", "end": "00:08:04", "text": "parabolic then"}, {"start": "00:08:02", "end": "00:08:06", "text": ">> well we are lucky that we didn't trigger"}, {"start": "00:08:04", "end": "00:08:09", "text": "a bare market because after such"}, {"start": "00:08:06", "end": "00:08:12", "text": "parabolic moves history"}, {"start": "00:08:09", "end": "00:08:13", "text": ">> shows that a bare market follows in this"}, {"start": "00:08:12", "end": "00:08:16", "text": "specific case"}, {"start": "00:08:13", "end": "00:08:19", "text": ">> it seems not because the chart is"}, {"start": "00:08:16", "end": "00:08:22", "text": "behaving well but it means that I I may"}, {"start": "00:08:19", "end": "00:08:23", "text": "be wrong because I'm not I'm not I'm not"}, {"start": "00:08:22", "end": "00:08:27", "text": "a fortune teller."}, {"start": "00:08:23", "end": "00:08:30", "text": "But technically, I don't see alltime"}, {"start": "00:08:27", "end": "00:08:33", "text": "highs anytime soon. But I don't see a"}, {"start": "00:08:30", "end": "00:08:34", "text": "bare market either. I see Buckingham"}, {"start": "00:08:33", "end": "00:08:37", "text": "failing."}, {"start": "00:08:34", "end": "00:08:39", "text": ">> Yeah, my personal view is that I think"}, {"start": "00:08:37", "end": "00:08:41", "text": "after this recent bounce that we've had"}, {"start": "00:08:39", "end": "00:08:43", "text": "on silver, I would not be surprised to"}, {"start": "00:08:41", "end": "00:08:44", "text": "see another drop. Uh now I'm not saying"}, {"start": "00:08:43", "end": "00:08:48", "text": "the drop is going to go all the way"}, {"start": "00:08:44", "end": "00:08:51", "text": "below the lows of uh March, but I think"}, {"start": "00:08:48", "end": "00:08:55", "text": "a potential drop could happen into the"}, {"start": "00:08:51", "end": "00:08:56", "text": "70 to 65 region. Maybe we shall see. But"}, {"start": "00:08:55", "end": "00:08:58", "text": "I think that would be there's a"}, {"start": "00:08:56", "end": "00:09:00", "text": "potential for that. Guys, go ahead and"}, {"start": "00:08:58", "end": "00:09:03", "text": "check out Manuel Bl's excellent offer"}, {"start": "00:09:00", "end": "00:09:05", "text": "for his newsletter. A 25% discount on"}, {"start": "00:09:03", "end": "00:09:07", "text": "the dow theory.com newsletter. The link"}, {"start": "00:09:05", "end": "00:09:08", "text": "is right there for you. You'll see it"}, {"start": "00:09:07", "end": "00:09:09", "text": "there. It's also in the description. Go"}, {"start": "00:09:08", "end": "00:09:10", "text": "ahead and check it out. It's only for a"}, {"start": "00:09:09", "end": "00:09:12", "text": "limited time, by the way, this offer."}, {"start": "00:09:10", "end": "00:09:14", "text": "Uh, by the way guys, also check out the"}, {"start": "00:09:12", "end": "00:09:16", "text": "continuation of our interview with"}, {"start": "00:09:14", "end": "00:09:17", "text": "Manuel Bllye in the member video. In the"}, {"start": "00:09:16", "end": "00:09:19", "text": "member video, we covered the stock"}, {"start": "00:09:17", "end": "00:09:21", "text": "market and also gold medals in much more"}, {"start": "00:09:19", "end": "00:09:22", "text": "detail. Thanks very much, Manuel. Much"}, {"start": "00:09:21", "end": "00:09:25", "text": "appreciated. See you next."}, {"start": "00:09:22", "end": "00:09:25", "text": ">> Thanks to you."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Does it mean that the bare market on"}, {"start": "00:00:02", "end": "00:00:05", "text": "Bitcoin has ended and we're now moving"}, {"start": "00:00:04", "end": "00:00:07", "text": "into a bull market?"}, {"start": "00:00:05", "end": "00:00:09", "text": ">> Well, it's clearly it's a new bull"}, {"start": "00:00:07", "end": "00:00:11", "text": "market. Probabilities have shifted in"}, {"start": "00:00:09", "end": "00:00:13", "text": "favor of the bulls, which means that"}, {"start": "00:00:11", "end": "00:00:17", "text": "both Bitcoin and Ethereum make higher"}, {"start": "00:00:13", "end": "00:00:19", "text": "highs. And you look the gap between the"}, {"start": "00:00:17", "end": "00:00:21", "text": "200 day moving average and the ratio is"}, {"start": "00:00:19", "end": "00:00:24", "text": "getting filled. We do need to be mindful"}, {"start": "00:00:21", "end": "00:00:25", "text": "of the risk that if Bitcoin, I'm not"}, {"start": "00:00:24", "end": "00:00:29", "text": "saying it's going to happen, but if"}, {"start": "00:00:25", "end": "00:00:31", "text": "Bitcoin gets rejected from the weekly 21"}, {"start": "00:00:29", "end": "00:00:32", "text": "EMA. All right, guys. Hello and welcome."}, {"start": "00:00:31", "end": "00:00:34", "text": "We're honored to have our special guest,"}, {"start": "00:00:32", "end": "00:00:35", "text": "analyst and trader, Manuel Bllye, who as"}, {"start": "00:00:34", "end": "00:00:37", "text": "I'm sure many of you recognize from our"}, {"start": "00:00:35", "end": "00:00:39", "text": "previous videos. He's going to talk to"}, {"start": "00:00:37", "end": "00:00:41", "text": "us and in fact I'll have a discussion"}, {"start": "00:00:39", "end": "00:00:43", "text": "with him about the chart of Bitcoin. In"}, {"start": "00:00:41", "end": "00:00:46", "text": "fact, Manuel Bllye believes that an"}, {"start": "00:00:43", "end": "00:00:48", "text": "important signal has just triggered on"}, {"start": "00:00:46", "end": "00:00:49", "text": "the chart of Bitcoin and also Ethereum"}, {"start": "00:00:48", "end": "00:00:52", "text": "as well. So, we'll ask Manuel what the"}, {"start": "00:00:49", "end": "00:00:54", "text": "potential meaning of this signal is. Is"}, {"start": "00:00:52", "end": "00:00:57", "text": "it bullish for Bitcoin? And if so, how"}, {"start": "00:00:54", "end": "00:00:58", "text": "bullish? Does the signal mean that we've"}, {"start": "00:00:57", "end": "00:00:59", "text": "entered a new bull market? Has the bare"}, {"start": "00:00:58", "end": "00:01:01", "text": "market finished? We'll talk about all"}, {"start": "00:00:59", "end": "00:01:04", "text": "this with Manuel Blight. All right,"}, {"start": "00:01:01", "end": "00:01:04", "text": "guys. Join us."}, {"start": "00:01:07", "end": "00:01:10", "text": "All right, guys. Welcome back. So, guys,"}, {"start": "00:01:09", "end": "00:01:12", "text": "we're going to go through a lot of"}, {"start": "00:01:10", "end": "00:01:13", "text": "charts uh with Manuel Bllye here. We're"}, {"start": "00:01:12", "end": "00:01:15", "text": "going to go dig into these charts. We'll"}, {"start": "00:01:13", "end": "00:01:17", "text": "discuss Bitcoin. Uh but Manuel is going"}, {"start": "00:01:15", "end": "00:01:19", "text": "to discuss also an important signal"}, {"start": "00:01:17", "end": "00:01:21", "text": "which has triggered on Bitcoin. We'll"}, {"start": "00:01:19", "end": "00:01:22", "text": "discuss this. I highly recommend if you"}, {"start": "00:01:21", "end": "00:01:24", "text": "haven't already checked it out, read his"}, {"start": "00:01:22", "end": "00:01:26", "text": "newsletter. I read Manuel's uh"}, {"start": "00:01:24", "end": "00:01:28", "text": "newsletter religiously. He is by far one"}, {"start": "00:01:26", "end": "00:01:30", "text": "of the world's authorities and leading"}, {"start": "00:01:28", "end": "00:01:32", "text": "experts on the Dow theory model. He's"}, {"start": "00:01:30", "end": "00:01:34", "text": "also a phenomenal analyst and trader,"}, {"start": "00:01:32", "end": "00:01:35", "text": "which is why we have him today."}, {"start": "00:01:34", "end": "00:01:36", "text": "Actually, before we go on to your"}, {"start": "00:01:35", "end": "00:01:39", "text": "charts, I have to admit that I was"}, {"start": "00:01:36", "end": "00:01:41", "text": "expecting Bitcoin to drop down below 60K"}, {"start": "00:01:39", "end": "00:01:43", "text": "some weeks ago. It just seemed more"}, {"start": "00:01:41", "end": "00:01:46", "text": "probable to me for Bitcoin to drop down"}, {"start": "00:01:43", "end": "00:01:49", "text": "to the 200 weekly average, which was"}, {"start": "00:01:46", "end": "00:01:50", "text": "just under 60K near 59 or 58K"}, {"start": "00:01:49", "end": "00:01:52", "text": "approximately."}, {"start": "00:01:50", "end": "00:01:54", "text": ">> I thought that was more reasonable. It"}, {"start": "00:01:52", "end": "00:01:55", "text": "turned out Bitcoin hasn't done that."}, {"start": "00:01:54", "end": "00:01:58", "text": "It's broken the trend line resistance"}, {"start": "00:01:55", "end": "00:02:00", "text": "here. But more importantly, what is the"}, {"start": "00:01:58", "end": "00:02:02", "text": "meaning of this Dow theory signal or Dow"}, {"start": "00:02:00", "end": "00:02:04", "text": "theory bullish signal? Does it mean that"}, {"start": "00:02:02", "end": "00:02:06", "text": "the potential ban market on Bitcoin has"}, {"start": "00:02:04", "end": "00:02:07", "text": "ended and we're now moving into a bull"}, {"start": "00:02:06", "end": "00:02:09", "text": "market?"}, {"start": "00:02:07", "end": "00:02:11", "text": ">> Well, it's clear it's a new bull market."}, {"start": "00:02:09", "end": "00:02:13", "text": "We don't know whether it's going to be a"}, {"start": "00:02:11", "end": "00:02:15", "text": "huge bull market, but as traders, we"}, {"start": "00:02:13", "end": "00:02:17", "text": "don't care. Even if it doesn't reach new"}, {"start": "00:02:15", "end": "00:02:19", "text": "all-time highs, which I don't know at"}, {"start": "00:02:17", "end": "00:02:21", "text": "that moment, I don't care because it can"}, {"start": "00:02:19", "end": "00:02:24", "text": "be a very tradable rally because it is"}, {"start": "00:02:21", "end": "00:02:27", "text": "supported by a new bull market. This"}, {"start": "00:02:24", "end": "00:02:31", "text": "time, Ethereum confirmed Bitcoin higher"}, {"start": "00:02:27", "end": "00:02:33", "text": "highs. And this break break up or"}, {"start": "00:02:31", "end": "00:02:35", "text": "breakout this confirmed breakout"}, {"start": "00:02:33", "end": "00:02:38", "text": "confirmed by Ethereum means that the"}, {"start": "00:02:35", "end": "00:02:39", "text": "probabilities have shifted in favor of"}, {"start": "00:02:38", "end": "00:02:39", "text": "the bulls."}, {"start": "00:02:39", "end": "00:02:42", "text": ">> Yeah."}, {"start": "00:02:39", "end": "00:02:45", "text": ">> And for me this is clear and we will go"}, {"start": "00:02:42", "end": "00:02:46", "text": "deeper but things have changed."}, {"start": "00:02:45", "end": "00:02:48", "text": ">> Before we continue, it's worth"}, {"start": "00:02:46", "end": "00:02:51", "text": "mentioning that Manuel Blly correctly"}, {"start": "00:02:48", "end": "00:02:53", "text": "called a Dow theory bare signal. In"}, {"start": "00:02:51", "end": "00:02:55", "text": "fact, he correctly called a bare market"}, {"start": "00:02:53", "end": "00:02:57", "text": "on Bitcoin. I mentioned this also in my"}, {"start": "00:02:55", "end": "00:02:58", "text": "videos as well. here. By the way, this"}, {"start": "00:02:57", "end": "00:03:00", "text": "drop to 100K was something we"}, {"start": "00:02:58", "end": "00:03:02", "text": "anticipated was going to happen. And the"}, {"start": "00:03:00", "end": "00:03:04", "text": "reason is recently my good friend and"}, {"start": "00:03:02", "end": "00:03:06", "text": "trader Manuel Bllye the Dow theory.com."}, {"start": "00:03:04", "end": "00:03:07", "text": "He mentioned in his newsletter that"}, {"start": "00:03:06", "end": "00:03:09", "text": "Bitcoin had triggered a Dow theory"}, {"start": "00:03:07", "end": "00:03:11", "text": "bearish signal. I think this occurred in"}, {"start": "00:03:09", "end": "00:03:13", "text": "October, am I right, Manuel? Where"}, {"start": "00:03:11", "end": "00:03:15", "text": "Bitcoin triggered a Dow theory bearish"}, {"start": "00:03:13", "end": "00:03:17", "text": "signal when Bitcoin is above 100K and"}, {"start": "00:03:15", "end": "00:03:20", "text": "then of course soon afterwards Bitcoin"}, {"start": "00:03:17", "end": "00:03:23", "text": "then dropped to 70K eventually down to"}, {"start": "00:03:20", "end": "00:03:25", "text": "60K. Yeah. So well done to you Manuel on"}, {"start": "00:03:23", "end": "00:03:27", "text": "excellent call you made last year and"}, {"start": "00:03:25", "end": "00:03:29", "text": "now you're saying that that bare market"}, {"start": "00:03:27", "end": "00:03:30", "text": "so that bearish signal has now been"}, {"start": "00:03:29", "end": "00:03:30", "text": "erased"}, {"start": "00:03:30", "end": "00:03:33", "text": ">> reversed erased"}, {"start": "00:03:30", "end": "00:03:34", "text": ">> reversed. So now we have a Dow theory"}, {"start": "00:03:33", "end": "00:03:35", "text": "bullish signal the opposite"}, {"start": "00:03:34", "end": "00:03:36", "text": ">> bullish signal."}, {"start": "00:03:35", "end": "00:03:38", "text": ">> Yeah."}, {"start": "00:03:36", "end": "00:03:40", "text": ">> Now you're saying that an interesting"}, {"start": "00:03:38", "end": "00:03:42", "text": "point you just made there. So even if so"}, {"start": "00:03:40", "end": "00:03:44", "text": "this Dow theory bullish signal does not"}, {"start": "00:03:42", "end": "00:03:46", "text": "necessarily mean it has to go to new"}, {"start": "00:03:44", "end": "00:03:48", "text": "alltime highs. Although it could"}, {"start": "00:03:46", "end": "00:03:50", "text": ">> it could but not necessarily"}, {"start": "00:03:48", "end": "00:03:53", "text": ">> but it's not necessary but it does make"}, {"start": "00:03:50", "end": "00:03:55", "text": "it more probable. I guess another way to"}, {"start": "00:03:53", "end": "00:03:58", "text": "put it would be we have a more favorable"}, {"start": "00:03:55", "end": "00:04:01", "text": "environment for Bitcoin and Ethereum as"}, {"start": "00:03:58", "end": "00:04:02", "text": "well when the Dow theory bullish signal"}, {"start": "00:04:01", "end": "00:04:04", "text": "occurs."}, {"start": "00:04:02", "end": "00:04:06", "text": ">> See this is the background. So we had a"}, {"start": "00:04:04", "end": "00:04:08", "text": "bull market signal according to D theory"}, {"start": "00:04:06", "end": "00:04:10", "text": "which means that both Bitcoin and"}, {"start": "00:04:08", "end": "00:04:12", "text": "Ethereum make higher highs. Okay. But I"}, {"start": "00:04:10", "end": "00:04:15", "text": "will give you some background and this"}, {"start": "00:04:12", "end": "00:04:19", "text": "is this show this chart shows the ratio"}, {"start": "00:04:15", "end": "00:04:22", "text": "between IBIT. So the Bitcoin ETF divided"}, {"start": "00:04:19", "end": "00:04:26", "text": "by GLD which is the gold ETF."}, {"start": "00:04:22", "end": "00:04:28", "text": "And the red line shows this ratio. The"}, {"start": "00:04:26", "end": "00:04:30", "text": "blue line shows the 200 day moving"}, {"start": "00:04:28", "end": "00:04:32", "text": "average of the ratio. And you can see"}, {"start": "00:04:30", "end": "00:04:36", "text": "this is bearish action because the the"}, {"start": "00:04:32", "end": "00:04:38", "text": "blue line is trending lower. But if you"}, {"start": "00:04:36", "end": "00:04:41", "text": "look at the red line, which is not the"}, {"start": "00:04:38", "end": "00:04:44", "text": "average, but the ratio between Bitcoin"}, {"start": "00:04:41", "end": "00:04:46", "text": "and gold, the ratio is improving. So the"}, {"start": "00:04:44", "end": "00:04:48", "text": "ratio is improving. It is not improving"}, {"start": "00:04:46", "end": "00:04:51", "text": "as much as I would like to because it's"}, {"start": "00:04:48", "end": "00:04:55", "text": "still below the 200 day moving average,"}, {"start": "00:04:51", "end": "00:04:57", "text": "but at least is modestly going up. So"}, {"start": "00:04:55", "end": "00:04:59", "text": "this is a moderately positive background"}, {"start": "00:04:57", "end": "00:05:02", "text": "to our bull market signal."}, {"start": "00:04:59", "end": "00:05:04", "text": ">> This next one is Bitcoin versus strategy"}, {"start": "00:05:02", "end": "00:05:06", "text": "or MSTR."}, {"start": "00:05:04", "end": "00:05:09", "text": "uh Michael Sailor's uh company I"}, {"start": "00:05:06", "end": "00:05:11", "text": "believe. So yeah, go ahead."}, {"start": "00:05:09", "end": "00:05:16", "text": ">> So here once again you the rational is"}, {"start": "00:05:11", "end": "00:05:19", "text": "that when there is risk off for Bitcoin,"}, {"start": "00:05:16", "end": "00:05:21", "text": "Micro Strategy is going to drop more"}, {"start": "00:05:19", "end": "00:05:24", "text": "than Bitcoin. So it becomes weaker. And"}, {"start": "00:05:21", "end": "00:05:27", "text": "we can see here also the 200 day moving"}, {"start": "00:05:24", "end": "00:05:29", "text": "average of the ratio is trending lower"}, {"start": "00:05:27", "end": "00:05:31", "text": ">> which shows that micro it was a bare"}, {"start": "00:05:29", "end": "00:05:34", "text": "market for both bitcoin and micro"}, {"start": "00:05:31", "end": "00:05:37", "text": "strategy and strategy was performing"}, {"start": "00:05:34", "end": "00:05:40", "text": "even worse than bitcoin. But now look"}, {"start": "00:05:37", "end": "00:05:43", "text": "again the ratio is improving. You can"}, {"start": "00:05:40", "end": "00:05:45", "text": "see the green arrow little by little is"}, {"start": "00:05:43", "end": "00:05:48", "text": "making higher highs. Furthermore, a"}, {"start": "00:05:45", "end": "00:05:51", "text": "resistance level in the ratio, the"}, {"start": "00:05:48", "end": "00:05:52", "text": "horizontal green line has been broken up"}, {"start": "00:05:51", "end": "00:05:52", "text": "yesterday."}, {"start": "00:05:52", "end": "00:05:54", "text": ">> Oh yeah. Yeah."}, {"start": "00:05:52", "end": "00:05:58", "text": ">> You see the the horizontal is this is"}, {"start": "00:05:54", "end": "00:06:01", "text": "the is a resistance line of the ratio."}, {"start": "00:05:58", "end": "00:06:03", "text": "And you look the gap between the 200 day"}, {"start": "00:06:01", "end": "00:06:07", "text": "moving average and the ratio is getting"}, {"start": "00:06:03", "end": "00:06:09", "text": "filled. So I would like to see the ratio"}, {"start": "00:06:07", "end": "00:06:12", "text": "the 200 day moving average to to turn"}, {"start": "00:06:09", "end": "00:06:15", "text": "upward. But this is also a ratio chart"}, {"start": "00:06:12", "end": "00:06:18", "text": "that is improving. So this is another"}, {"start": "00:06:15", "end": "00:06:22", "text": "good news for Bitcoin. So little by"}, {"start": "00:06:18", "end": "00:06:24", "text": "little is transitioning into riskcon. Of"}, {"start": "00:06:22", "end": "00:06:26", "text": "course this is why I'm still very"}, {"start": "00:06:24", "end": "00:06:28", "text": "moderate with my assumptions and say"}, {"start": "00:06:26", "end": "00:06:30", "text": "well it's a bull market but I don't"}, {"start": "00:06:28", "end": "00:06:32", "text": "think it's the mother of all bull"}, {"start": "00:06:30", "end": "00:06:35", "text": "markets. But nonetheless something is"}, {"start": "00:06:32", "end": "00:06:36", "text": "changing. Something changes and at least"}, {"start": "00:06:35", "end": "00:06:37", "text": "it's not a bad market."}, {"start": "00:06:36", "end": "00:06:39", "text": ">> That's really interesting manuel. I mean"}, {"start": "00:06:37", "end": "00:06:40", "text": "that's fascinating. I'll just give my"}, {"start": "00:06:39", "end": "00:06:42", "text": "view very briefly. Uh again, I'll keep"}, {"start": "00:06:40", "end": "00:06:44", "text": "it simple. Um first of all, let me just"}, {"start": "00:06:42", "end": "00:06:46", "text": "say Manuel and I have covered this in"}, {"start": "00:06:44", "end": "00:06:47", "text": "much more detail in the member video."}, {"start": "00:06:46", "end": "00:06:50", "text": "So, go ahead and check it out with"}, {"start": "00:06:47", "end": "00:06:52", "text": "specific targets and elite waves. All"}, {"start": "00:06:50", "end": "00:06:55", "text": "I'm going to say here is this. Bitcoin's"}, {"start": "00:06:52", "end": "00:06:57", "text": "first rally that occurred I think uh the"}, {"start": "00:06:55", "end": "00:07:00", "text": "the rally that started from the lows of"}, {"start": "00:06:57", "end": "00:07:03", "text": "60K uh from I think it was the January"}, {"start": "00:07:00", "end": "00:07:05", "text": "lows. That first rally looked very"}, {"start": "00:07:03", "end": "00:07:08", "text": "corrective, looked very overlapping in"}, {"start": "00:07:05", "end": "00:07:10", "text": "structure, which is not typical. Those"}, {"start": "00:07:08", "end": "00:07:12", "text": "overlapping rallies are not typically"}, {"start": "00:07:10", "end": "00:07:14", "text": "what you see at the start of an uptrend"}, {"start": "00:07:12", "end": "00:07:16", "text": "or a bull market, but they can happen in"}, {"start": "00:07:14", "end": "00:07:17", "text": "leading diagonal patterns. So that's"}, {"start": "00:07:16", "end": "00:07:20", "text": "what concerns me at the moment. The fact"}, {"start": "00:07:17", "end": "00:07:22", "text": "that the first rally that occurred was"}, {"start": "00:07:20", "end": "00:07:24", "text": "overlapping and corrective in structure."}, {"start": "00:07:22", "end": "00:07:28", "text": "The second thing is we Bitcoin has"}, {"start": "00:07:24", "end": "00:07:30", "text": "rallied back to the 21 weekly EMA. So"}, {"start": "00:07:28", "end": "00:07:32", "text": "the weekly 21 EMA has now been tested."}, {"start": "00:07:30", "end": "00:07:35", "text": "That level is a key resistance. In the"}, {"start": "00:07:32", "end": "00:07:38", "text": "past, we've seen Bitcoin rally back in a"}, {"start": "00:07:35", "end": "00:07:41", "text": "bare market. Usually, Bitcoin rallies"}, {"start": "00:07:38", "end": "00:07:44", "text": "back to the 21weekly moving average and"}, {"start": "00:07:41", "end": "00:07:47", "text": "if price gets rejected from that 21"}, {"start": "00:07:44", "end": "00:07:48", "text": "weekly EMA, it reconfirms a bare market."}, {"start": "00:07:47", "end": "00:07:49", "text": "Now, I'm not saying that's what's going"}, {"start": "00:07:48", "end": "00:07:51", "text": "to happen this time around either. I'm"}, {"start": "00:07:49", "end": "00:07:53", "text": "not saying that. As a matter of fact,"}, {"start": "00:07:51", "end": "00:07:54", "text": "I'm going with Daniel Bllye. I I think"}, {"start": "00:07:53", "end": "00:07:56", "text": "he's absolutely correct. The Dow Theory"}, {"start": "00:07:54", "end": "00:07:58", "text": "bullish signal is something we need to"}, {"start": "00:07:56", "end": "00:08:00", "text": "take into account. The break of the"}, {"start": "00:07:58", "end": "00:08:02", "text": "trend line resistance and the channel"}, {"start": "00:08:00", "end": "00:08:04", "text": "resistance also something important. So,"}, {"start": "00:08:02", "end": "00:08:06", "text": "I'm with Manuel here. I'm bullish on"}, {"start": "00:08:04", "end": "00:08:08", "text": "Bitcoin for now. All I'm simply saying"}, {"start": "00:08:06", "end": "00:08:11", "text": "is we do need to be mindful of the risk"}, {"start": "00:08:08", "end": "00:08:13", "text": "that if Bitcoin if I'm not saying it's"}, {"start": "00:08:11", "end": "00:08:17", "text": "going to happen, but if Bitcoin gets"}, {"start": "00:08:13", "end": "00:08:19", "text": "rejected from the weekly 21 EMA and then"}, {"start": "00:08:17", "end": "00:08:22", "text": "falls back below support, if support"}, {"start": "00:08:19", "end": "00:08:24", "text": "levels get taken out, watch the members"}, {"start": "00:08:22", "end": "00:08:27", "text": "video as to where support levels we"}, {"start": "00:08:24", "end": "00:08:29", "text": "mentioned. If if the support levels gets"}, {"start": "00:08:27", "end": "00:08:32", "text": "taken out, that's a very dangerous sign"}, {"start": "00:08:29", "end": "00:08:33", "text": "for Bitcoin. And if support is broken or"}, {"start": "00:08:32", "end": "00:08:35", "text": "breached on Bitcoin in the next several"}, {"start": "00:08:33", "end": "00:08:37", "text": "weeks, I will have to change my mind and"}, {"start": "00:08:35", "end": "00:08:39", "text": "become bearish. But for now, I'm not"}, {"start": "00:08:37", "end": "00:08:41", "text": "bearish. I'm bullish with Manuel, I"}, {"start": "00:08:39", "end": "00:08:43", "text": "think is correct. Manuel, I'm with you"}, {"start": "00:08:41", "end": "00:08:45", "text": "on this. I think that even if Bitcoin"}, {"start": "00:08:43", "end": "00:08:47", "text": "doesn't go to new all-time highs, the"}, {"start": "00:08:45", "end": "00:08:50", "text": "Dow Theory bullish signal that has just"}, {"start": "00:08:47", "end": "00:08:51", "text": "been u triggered on Bitcoin and"}, {"start": "00:08:50", "end": "00:08:54", "text": "Ethereum. It increased the probability"}, {"start": "00:08:51", "end": "00:08:57", "text": "we're in a favorable environment for"}, {"start": "00:08:54", "end": "00:08:59", "text": "Bitcoin and crypto in general. And it"}, {"start": "00:08:57", "end": "00:09:01", "text": "looks like that the the trend and the"}, {"start": "00:08:59", "end": "00:09:03", "text": "path of least resistance to the upside"}, {"start": "00:09:01", "end": "00:09:05", "text": "for now. Uh and we could see higher"}, {"start": "00:09:03", "end": "00:09:07", "text": "levels. Again, we've covered that the"}, {"start": "00:09:05", "end": "00:09:08", "text": "targets. Go and check it out in the"}, {"start": "00:09:07", "end": "00:09:09", "text": "members video. Am I saying it correctly"}, {"start": "00:09:08", "end": "00:09:11", "text": "in your view? So said we have a"}, {"start": "00:09:09", "end": "00:09:13", "text": "favorable environment for Bitcoin."}, {"start": "00:09:11", "end": "00:09:14", "text": ">> I I fully I fully agree with you. This"}, {"start": "00:09:13", "end": "00:09:16", "text": "is favorable environment, but there was"}, {"start": "00:09:14", "end": "00:09:20", "text": "lots of technical damage because it has"}, {"start": "00:09:16", "end": "00:09:22", "text": "been a 50% draw down. So I think there"}, {"start": "00:09:20", "end": "00:09:25", "text": "is lots of supply that is over there's"}, {"start": "00:09:22", "end": "00:09:26", "text": "an overhang of supply. So I think there"}, {"start": "00:09:25", "end": "00:09:28", "text": "will be some back and filling. So I"}, {"start": "00:09:26", "end": "00:09:30", "text": "don't think it's going to go up to new"}, {"start": "00:09:28", "end": "00:09:32", "text": "all-time highs in a straight upward"}, {"start": "00:09:30", "end": "00:09:34", "text": "line. So I think it will take"}, {"start": "00:09:32", "end": "00:09:36", "text": ">> and also psychological damage but once"}, {"start": "00:09:34", "end": "00:09:39", "text": "there is some back and feeling and also"}, {"start": "00:09:36", "end": "00:09:41", "text": "psychological damage is repaired"}, {"start": "00:09:39", "end": "00:09:44", "text": ">> then we have fuel for for higher highs."}, {"start": "00:09:41", "end": "00:09:47", "text": "But nonetheless I am agnostic you know"}, {"start": "00:09:44", "end": "00:09:49", "text": "so if market lows if the bare market"}, {"start": "00:09:47", "end": "00:09:52", "text": "lows were pierced by Ethereum and"}, {"start": "00:09:49", "end": "00:09:54", "text": "Bitcoin then I shift gears immediately"}, {"start": "00:09:52", "end": "00:09:56", "text": "and then I'm the the most bearish man in"}, {"start": "00:09:54", "end": "00:09:57", "text": "the world. you know, I follow."}, {"start": "00:09:56", "end": "00:10:00", "text": ">> It is possible there'll be some people"}, {"start": "00:09:57", "end": "00:10:01", "text": "on YouTube commenting and saying that"}, {"start": "00:10:00", "end": "00:10:03", "text": "we're both wrong because Bitcoin is"}, {"start": "00:10:01", "end": "00:10:04", "text": "still in a bare market. Now, let me just"}, {"start": "00:10:03", "end": "00:10:07", "text": "say this, guys, and they'll probably"}, {"start": "00:10:04", "end": "00:10:10", "text": "say, \"Look, the bearish cycles, bare"}, {"start": "00:10:07", "end": "00:10:12", "text": "market cycles don't finish so quickly.\""}, {"start": "00:10:10", "end": "00:10:15", "text": "Uh because often bare market cycles last"}, {"start": "00:10:12", "end": "00:10:16", "text": "longer. There are some analysts out"}, {"start": "00:10:15", "end": "00:10:19", "text": "there and I and I actually interviewed"}, {"start": "00:10:16", "end": "00:10:21", "text": "Benjamin Cowan some uh some weeks ago"}, {"start": "00:10:19", "end": "00:10:23", "text": "and he mentioned that typically these"}, {"start": "00:10:21", "end": "00:10:26", "text": "bare cycles can take all the way to"}, {"start": "00:10:23", "end": "00:10:27", "text": "October. Let me say this though. I just"}, {"start": "00:10:26", "end": "00:10:30", "text": "want to respond to that kind of comment"}, {"start": "00:10:27", "end": "00:10:31", "text": "or that criticism. First of all, if you"}, {"start": "00:10:30", "end": "00:10:33", "text": "go and watch my video with Benjamin"}, {"start": "00:10:31", "end": "00:10:36", "text": "Cowan, who by the way I respect. I think"}, {"start": "00:10:33", "end": "00:10:39", "text": "is a really smart guy. Uh Ben actually"}, {"start": "00:10:36", "end": "00:10:41", "text": "mentioned Benjamin Cowan mentioned that"}, {"start": "00:10:39", "end": "00:10:44", "text": "we must not be too rigid in our"}, {"start": "00:10:41", "end": "00:10:46", "text": "expectations. He said it's unreasonable"}, {"start": "00:10:44", "end": "00:10:48", "text": "for someone to become a perma bear. In"}, {"start": "00:10:46", "end": "00:10:50", "text": "other words, always bearish."}, {"start": "00:10:48", "end": "00:10:51", "text": ">> Again, I I've said this ear before like"}, {"start": "00:10:50", "end": "00:10:52", "text": "it's okay to be a bear in a bare market."}, {"start": "00:10:51", "end": "00:10:55", "text": "it's okay to be a bull in a bull market,"}, {"start": "00:10:52", "end": "00:10:57", "text": "but it's not okay to be a bear when the"}, {"start": "00:10:55", "end": "00:10:59", "text": "market is proving you wrong. So, it's"}, {"start": "00:10:57", "end": "00:11:01", "text": "it's okay for people to pivot."}, {"start": "00:10:59", "end": "00:11:03", "text": ">> So, he was actually quite flexible and"}, {"start": "00:11:01", "end": "00:11:04", "text": "very reasonable in his approach. And I"}, {"start": "00:11:03", "end": "00:11:07", "text": "agree with him. He said that look, the"}, {"start": "00:11:04", "end": "00:11:09", "text": "bare market cycle doesn't have to last"}, {"start": "00:11:07", "end": "00:11:11", "text": "all the way to October. It could be"}, {"start": "00:11:09", "end": "00:11:12", "text": "shorter. It depends on what happens in"}, {"start": "00:11:11", "end": "00:11:14", "text": "the next several months. So, don't be"}, {"start": "00:11:12", "end": "00:11:17", "text": "too rigid about these bare market"}, {"start": "00:11:14", "end": "00:11:18", "text": "cycles. They don't work like clockwork,"}, {"start": "00:11:17", "end": "00:11:20", "text": "okay? Not you just don't set them to"}, {"start": "00:11:18", "end": "00:11:22", "text": "time and exactly it has to finish in"}, {"start": "00:11:20", "end": "00:11:24", "text": "October or November or something like"}, {"start": "00:11:22", "end": "00:11:26", "text": "that. No, sometimes it's shorter,"}, {"start": "00:11:24", "end": "00:11:28", "text": "sometimes it's longer. So you need to be"}, {"start": "00:11:26", "end": "00:11:31", "text": "more flexible with your expectations. So"}, {"start": "00:11:28", "end": "00:11:33", "text": "I'm taking the Dow theory bullish signal"}, {"start": "00:11:31", "end": "00:11:34", "text": "that Manuel Bllye is saying here very"}, {"start": "00:11:33", "end": "00:11:36", "text": "seriously. Don't get me wrong here."}, {"start": "00:11:34", "end": "00:11:38", "text": "We're not saying it's set in stone and"}, {"start": "00:11:36", "end": "00:11:40", "text": "this cannot be wrong there. There's"}, {"start": "00:11:38", "end": "00:11:41", "text": "always potential false signals. False"}, {"start": "00:11:40", "end": "00:11:44", "text": "signals can happen, but we're not saying"}, {"start": "00:11:41", "end": "00:11:45", "text": "100% Bitcoin is not going to go into a"}, {"start": "00:11:44", "end": "00:11:49", "text": "bull market. There is no such thing as"}, {"start": "00:11:45", "end": "00:11:52", "text": "guarantees or 100% uh or certainty in"}, {"start": "00:11:49", "end": "00:11:54", "text": "analysis or the markets. But typically"}, {"start": "00:11:52", "end": "00:11:56", "text": "when you get a Dow theory bullish signal"}, {"start": "00:11:54", "end": "00:11:58", "text": "with other factors involved, the balance"}, {"start": "00:11:56", "end": "00:12:00", "text": "of probabilities moves towards the"}, {"start": "00:11:58", "end": "00:12:01", "text": "bullish side. Like for example, when we"}, {"start": "00:12:00", "end": "00:12:03", "text": "got a Dow theory bearish signal in"}, {"start": "00:12:01", "end": "00:12:05", "text": "October last year, the balance of"}, {"start": "00:12:03", "end": "00:12:07", "text": "probabilities shifted towards the bears."}, {"start": "00:12:05", "end": "00:12:09", "text": "My point of view is we should take"}, {"start": "00:12:07", "end": "00:12:11", "text": "Manuel Bllye and the Dow theory model"}, {"start": "00:12:09", "end": "00:12:13", "text": "seriously. Even if you don't think that"}, {"start": "00:12:11", "end": "00:12:15", "text": "it's in a bull market yet, that's fine."}, {"start": "00:12:13", "end": "00:12:17", "text": "But I do think we should take this into"}, {"start": "00:12:15", "end": "00:12:19", "text": "account in our analysis. So, I'm in"}, {"start": "00:12:17", "end": "00:12:21", "text": "agreement with Manuel here. I think it's"}, {"start": "00:12:19", "end": "00:12:22", "text": "it's a very good point he's making here."}, {"start": "00:12:21", "end": "00:12:24", "text": "Guys, go ahead and check out Manuel"}, {"start": "00:12:22", "end": "00:12:27", "text": "Bly's excellent offer for his"}, {"start": "00:12:24", "end": "00:12:30", "text": "newsletter. A 25% discount on the dow"}, {"start": "00:12:27", "end": "00:12:31", "text": "theory.com newsletter. The link is right"}, {"start": "00:12:30", "end": "00:12:32", "text": "there for you. You'll see it there. It's"}, {"start": "00:12:31", "end": "00:12:33", "text": "also in the description. Go ahead and"}, {"start": "00:12:32", "end": "00:12:35", "text": "check it out. It's only for a limited"}, {"start": "00:12:33", "end": "00:12:37", "text": "time, by the way, this offer. And by the"}, {"start": "00:12:35", "end": "00:12:39", "text": "way, not only do you get access to Dowo"}, {"start": "00:12:37", "end": "00:12:41", "text": "Theory newsletter for crypto, you also"}, {"start": "00:12:39", "end": "00:12:43", "text": "get Dowo Theory newsletter for stock"}, {"start": "00:12:41", "end": "00:12:45", "text": "markets as well. Uh, by the way guys,"}, {"start": "00:12:43", "end": "00:12:46", "text": "also check out the continuation of our"}, {"start": "00:12:45", "end": "00:12:48", "text": "interview with Manuel Bllye in the"}, {"start": "00:12:46", "end": "00:12:49", "text": "member video. In the member video, we"}, {"start": "00:12:48", "end": "00:12:51", "text": "covered the stock market and also gold"}, {"start": "00:12:49", "end": "00:12:53", "text": "medals in much more detail. Thanks very"}, {"start": "00:12:51", "end": "00:12:53", "text": "much, Manuel. Much appreciated. See you"}, {"start": "00:12:53", "end": "00:12:56", "text": "next."}, {"start": "00:12:53", "end": "00:12:56", "text": ">> Nice to see you."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "So can I ask you I mean are you saying"}, {"start": "00:00:01", "end": "00:00:05", "text": "that even if your charts and your"}, {"start": "00:00:03", "end": "00:00:08", "text": "methodologies using the Dow theory for"}, {"start": "00:00:05", "end": "00:00:10", "text": "example even if they show risk or"}, {"start": "00:00:08", "end": "00:00:12", "text": "Bitcoin even if they uh issue sell"}, {"start": "00:00:10", "end": "00:00:15", "text": "signals or bearish signals that you"}, {"start": "00:00:12", "end": "00:00:16", "text": "would still not sell Bitcoin you would"}, {"start": "00:00:15", "end": "00:00:18", "text": "hold it"}, {"start": "00:00:16", "end": "00:00:20", "text": ">> and position no"}, {"start": "00:00:18", "end": "00:00:22", "text": ">> then how do you hedge when Bitcoin uh"}, {"start": "00:00:20", "end": "00:00:24", "text": "goes into a downtrends or bare markets"}, {"start": "00:00:22", "end": "00:00:27", "text": ">> so you never know one day maybe we wake"}, {"start": "00:00:24", "end": "00:00:31", "text": "up and then suddenly we see Bitcoin half"}, {"start": "00:00:27", "end": "00:00:34", "text": "million and gold 20,000 We don't know."}, {"start": "00:00:31", "end": "00:00:36", "text": "So with the stocks, I am 100% trader."}, {"start": "00:00:34", "end": "00:00:38", "text": "Buy, sell, buy, sell. So I don't believe"}, {"start": "00:00:36", "end": "00:00:40", "text": "in narratives. I believe in nothing. So"}, {"start": "00:00:38", "end": "00:00:42", "text": "it's going up, I buy. It's going down, I"}, {"start": "00:00:40", "end": "00:00:43", "text": "sell. I don't care about explanations."}, {"start": "00:00:42", "end": "00:00:44", "text": ">> But but it's different when it comes to"}, {"start": "00:00:43", "end": "00:00:46", "text": "Bitcoin and gold. I don't I don't see"}, {"start": "00:00:44", "end": "00:00:47", "text": "Bitcoin as being like digital gold or"}, {"start": "00:00:46", "end": "00:00:49", "text": "even gold like that. I just don't see"}, {"start": "00:00:47", "end": "00:00:50", "text": "it. All right guys, hello and welcome."}, {"start": "00:00:49", "end": "00:00:52", "text": "In this particular video, I want to ask"}, {"start": "00:00:50", "end": "00:00:54", "text": "my good friend and trader Manuel Bllye"}, {"start": "00:00:52", "end": "00:00:57", "text": "an important question. And the question"}, {"start": "00:00:54", "end": "00:00:59", "text": "is, should you ever sell Bitcoin? The"}, {"start": "00:00:57", "end": "00:01:01", "text": "reason is Michael Sailor of Micro"}, {"start": "00:00:59", "end": "00:01:03", "text": "Strategy, he tweeted and I put it so"}, {"start": "00:01:01", "end": "00:01:05", "text": "people can see it. He said, \"Never sell"}, {"start": "00:01:03", "end": "00:01:08", "text": "Bitcoin according to him.\" But is he"}, {"start": "00:01:05", "end": "00:01:10", "text": "right? Is it actually a correct"}, {"start": "00:01:08", "end": "00:01:12", "text": "investing strategy? Is it actually a"}, {"start": "00:01:10", "end": "00:01:14", "text": "sound strategy to never sell something,"}, {"start": "00:01:12", "end": "00:01:16", "text": "never sell something you hold? In this"}, {"start": "00:01:14", "end": "00:01:18", "text": "case, could be Bitcoin. Is he right or"}, {"start": "00:01:16", "end": "00:01:23", "text": "is he wrong? We'll discuss it with my"}, {"start": "00:01:18", "end": "00:01:23", "text": "friend and trader Manuel Black. Join me."}, {"start": "00:01:27", "end": "00:01:30", "text": "Okay, thanks very much, Manuel. Really"}, {"start": "00:01:29", "end": "00:01:32", "text": "appreciate it, Manuel. So, a bit of a"}, {"start": "00:01:30", "end": "00:01:33", "text": "controversial question. I think there's"}, {"start": "00:01:32", "end": "00:01:35", "text": "going to be people on both sides,"}, {"start": "00:01:33", "end": "00:01:37", "text": "especially I mean, if if people are"}, {"start": "00:01:35", "end": "00:01:40", "text": "watching this video are Bitcoin lovers,"}, {"start": "00:01:37", "end": "00:01:42", "text": "uh, Bitcoin bros, as they call them,"}, {"start": "00:01:40", "end": "00:01:43", "text": "they'll be they'll be offended at the"}, {"start": "00:01:42", "end": "00:01:46", "text": "very suggestion."}, {"start": "00:01:43", "end": "00:01:47", "text": ">> How dare you, sir? I'm offended."}, {"start": "00:01:46", "end": "00:01:49", "text": ">> They would say, why even ask this"}, {"start": "00:01:47", "end": "00:01:51", "text": "question? It's a horrible question."}, {"start": "00:01:49", "end": "00:01:53", "text": "Never sell Bitcoin. Michael Sedor says"}, {"start": "00:01:51", "end": "00:01:54", "text": "it. Michael Sailor says never sell"}, {"start": "00:01:53", "end": "00:01:56", "text": "Bitcoin. Of course, we know that Michael"}, {"start": "00:01:54", "end": "00:01:58", "text": "Sailor with respect, he has a vested"}, {"start": "00:01:56", "end": "00:02:01", "text": "interest in that people should not sell"}, {"start": "00:01:58", "end": "00:02:03", "text": "it for good reason. I wonder what you"}, {"start": "00:02:01", "end": "00:02:05", "text": "think as an investor, as a trader. Am I"}, {"start": "00:02:03", "end": "00:02:06", "text": "correct that you hold Bitcoin? Uh your"}, {"start": "00:02:05", "end": "00:02:08", "text": "interest in Bitcoin. Yeah."}, {"start": "00:02:06", "end": "00:02:12", "text": ">> You know, the answer depends on how much"}, {"start": "00:02:08", "end": "00:02:13", "text": "Bitcoin you have as a percentage of your"}, {"start": "00:02:12", "end": "00:02:17", "text": "total net worth. If you have I don't"}, {"start": "00:02:13", "end": "00:02:19", "text": "know 2% of Bitcoin of your total net"}, {"start": "00:02:17", "end": "00:02:20", "text": "worth, I could be very I am comfortable"}, {"start": "00:02:19", "end": "00:02:21", "text": "then say I don't sell. Let's see what"}, {"start": "00:02:20", "end": "00:02:23", "text": "happens."}, {"start": "00:02:21", "end": "00:02:25", "text": ">> So, so you do hold Bitcoin. Am I right?"}, {"start": "00:02:23", "end": "00:02:26", "text": "So, you're you're a passionate Yeah."}, {"start": "00:02:25", "end": "00:02:28", "text": ">> I have Do you want Do you know what I"}, {"start": "00:02:26", "end": "00:02:31", "text": "do? I have a core pos as with gold. So,"}, {"start": "00:02:28", "end": "00:02:33", "text": "I treat Bitcoin like gold. What my blind"}, {"start": "00:02:31", "end": "00:02:35", "text": "is doing. I have a core position that is"}, {"start": "00:02:33", "end": "00:02:37", "text": "never bought or so. I bought it and it's"}, {"start": "00:02:35", "end": "00:02:40", "text": "there sitting because for me it's an"}, {"start": "00:02:37", "end": "00:02:42", "text": "insurance. Gold and Bitcoin both are"}, {"start": "00:02:40", "end": "00:02:44", "text": "long-term insurance that pay me money."}, {"start": "00:02:42", "end": "00:02:47", "text": "So, normally I pay money to have to have"}, {"start": "00:02:44", "end": "00:02:50", "text": "an insurance. But now no when I have"}, {"start": "00:02:47", "end": "00:02:52", "text": "gold or bitcoin because of price"}, {"start": "00:02:50", "end": "00:02:54", "text": "appreciation I'm paid to have my"}, {"start": "00:02:52", "end": "00:02:56", "text": "portfolio insurance. So it's great an"}, {"start": "00:02:54", "end": "00:02:59", "text": "insurance that that pays you money. So I"}, {"start": "00:02:56", "end": "00:03:01", "text": "always have a core position. Gold"}, {"start": "00:02:59", "end": "00:03:05", "text": "Bitcoin. I am agnostic. I really don't"}, {"start": "00:03:01", "end": "00:03:07", "text": "care. So I'm not I I I have not been"}, {"start": "00:03:05", "end": "00:03:09", "text": "yellow peeled. No, I I like Bitcoin. I"}, {"start": "00:03:07", "end": "00:03:11", "text": "like gold. I like both. They don't need"}, {"start": "00:03:09", "end": "00:03:14", "text": "to compete against each other. Both are"}, {"start": "00:03:11", "end": "00:03:16", "text": "source of value. So I have both. have a"}, {"start": "00:03:14", "end": "00:03:19", "text": "core position in both that position is"}, {"start": "00:03:16", "end": "00:03:21", "text": "never traded because you can never know"}, {"start": "00:03:19", "end": "00:03:23", "text": "what's going to happen in the future"}, {"start": "00:03:21", "end": "00:03:24", "text": "whether it's going to be a reset"}, {"start": "00:03:23", "end": "00:03:28", "text": "something that may escape technical"}, {"start": "00:03:24", "end": "00:03:31", "text": "analysis but on the other hand I have a"}, {"start": "00:03:28", "end": "00:03:34", "text": "position that is traded so I have a"}, {"start": "00:03:31", "end": "00:03:38", "text": "position and then in addition to that"}, {"start": "00:03:34", "end": "00:03:41", "text": "like any other asset they are bought"}, {"start": "00:03:38", "end": "00:03:42", "text": "sold according to my trends to my theory"}, {"start": "00:03:41", "end": "00:03:43", "text": "whatever"}, {"start": "00:03:42", "end": "00:03:46", "text": ">> so can I ask you I mean uh are Are you"}, {"start": "00:03:43", "end": "00:03:48", "text": "saying that even if your charts and your"}, {"start": "00:03:46", "end": "00:03:50", "text": "methodologies using the Dow theory for"}, {"start": "00:03:48", "end": "00:03:52", "text": "example, even if they show risk or"}, {"start": "00:03:50", "end": "00:03:54", "text": "Bitcoin, even if they uh issue sell"}, {"start": "00:03:52", "end": "00:03:57", "text": "signals or bearish signals that you"}, {"start": "00:03:54", "end": "00:03:59", "text": "would still not sell Bitcoin, you would"}, {"start": "00:03:57", "end": "00:04:02", "text": "hold it and"}, {"start": "00:03:59", "end": "00:04:04", "text": ">> position? No. Trading position. Yes."}, {"start": "00:04:02", "end": "00:04:06", "text": ">> I see. So you have a core position and"}, {"start": "00:04:04", "end": "00:04:08", "text": "you have a trading position that you"}, {"start": "00:04:06", "end": "00:04:10", "text": "trade. Okay. So when you trade, does"}, {"start": "00:04:08", "end": "00:04:13", "text": "that mean in a downward market like the"}, {"start": "00:04:10", "end": "00:04:16", "text": "one we had in 2022 and the one we had in"}, {"start": "00:04:13", "end": "00:04:18", "text": "2018 in downward trending markets? Does"}, {"start": "00:04:16", "end": "00:04:19", "text": "that mean you would trade them to the"}, {"start": "00:04:18", "end": "00:04:21", "text": "short side? You would be shorting"}, {"start": "00:04:19", "end": "00:04:24", "text": "rallies. Is that correct?"}, {"start": "00:04:21", "end": "00:04:27", "text": ">> Yeah, but I don't short I I only short"}, {"start": "00:04:24", "end": "00:04:27", "text": "occasionally stock indexes is the only"}, {"start": "00:04:27", "end": "00:04:30", "text": "thing I"}, {"start": "00:04:27", "end": "00:04:32", "text": ">> Then how do you hedge when Bitcoin uh"}, {"start": "00:04:30", "end": "00:04:34", "text": "goes into a downtrends or bare markets?"}, {"start": "00:04:32", "end": "00:04:36", "text": "Well, you know, the core position is"}, {"start": "00:04:34", "end": "00:04:39", "text": "very small in proportion to my total"}, {"start": "00:04:36", "end": "00:04:42", "text": "wealth. So, I can sleep tight. The same"}, {"start": "00:04:39", "end": "00:04:44", "text": "as with gold when gold drop. So, I know"}, {"start": "00:04:42", "end": "00:04:46", "text": "it's is an insurance. It's there. Maybe"}, {"start": "00:04:44", "end": "00:04:50", "text": "when they if both Bitcoin and gold or"}, {"start": "00:04:46", "end": "00:04:52", "text": "whatever will suddenly pop up by 100%"}, {"start": "00:04:50", "end": "00:04:54", "text": "because there is a a revaluation"}, {"start": "00:04:52", "end": "00:04:56", "text": "whatever you know the world is"}, {"start": "00:04:54", "end": "00:04:58", "text": "uncertain. Look at Europe now, United"}, {"start": "00:04:56", "end": "00:05:01", "text": "States tariffs. So you never know one"}, {"start": "00:04:58", "end": "00:05:04", "text": "day maybe we wake up and then suddenly"}, {"start": "00:05:01", "end": "00:05:07", "text": "we see Bitcoin half million and gold"}, {"start": "00:05:04", "end": "00:05:08", "text": "20,000. We don't know there can be a"}, {"start": "00:05:07", "end": "00:05:10", "text": "reset something that is going to happen"}, {"start": "00:05:08", "end": "00:05:12", "text": "on weekends. I really don't know. So for"}, {"start": "00:05:10", "end": "00:05:14", "text": "me Bitcoin and gold are it's just an"}, {"start": "00:05:12", "end": "00:05:16", "text": "insurance. So there is this core"}, {"start": "00:05:14", "end": "00:05:17", "text": "position that is not traded but of"}, {"start": "00:05:16", "end": "00:05:18", "text": "course I'm a trader."}, {"start": "00:05:17", "end": "00:05:20", "text": ">> Some people might say well Manuel how"}, {"start": "00:05:18", "end": "00:05:23", "text": "can you say Bitcoin is an insurance"}, {"start": "00:05:20", "end": "00:05:25", "text": "against a stock market crash? Because"}, {"start": "00:05:23", "end": "00:05:27", "text": "both stock markets and Bitcoin usually"}, {"start": "00:05:25", "end": "00:05:29", "text": "move in tandem. They do that and until"}, {"start": "00:05:27", "end": "00:05:32", "text": "they don't"}, {"start": "00:05:29", "end": "00:05:34", "text": "correlations, there are correlations"}, {"start": "00:05:32", "end": "00:05:37", "text": "until they break. What if there is"}, {"start": "00:05:34", "end": "00:05:39", "text": "several turmoil, something really big"}, {"start": "00:05:37", "end": "00:05:41", "text": "geopolitical stress, something that"}, {"start": "00:05:39", "end": "00:05:42", "text": "crashes the stock market? I'm not saying"}, {"start": "00:05:41", "end": "00:05:44", "text": "that. I'm bullish. If you read my"}, {"start": "00:05:42", "end": "00:05:48", "text": "letter, I have a bullish bias, an"}, {"start": "00:05:44", "end": "00:05:49", "text": "optimistic bias. But what if and then is"}, {"start": "00:05:48", "end": "00:05:51", "text": "when you need insurance or maybe you"}, {"start": "00:05:49", "end": "00:05:52", "text": "need insurance once in your life or"}, {"start": "00:05:51", "end": "00:05:54", "text": "never."}, {"start": "00:05:52", "end": "00:05:57", "text": ">> But you need this insurance. For"}, {"start": "00:05:54", "end": "00:06:00", "text": "instance, another example to to make it"}, {"start": "00:05:57", "end": "00:06:03", "text": "clear with stocks, I don't have a core"}, {"start": "00:06:00", "end": "00:06:06", "text": "position. So with stocks, I am 100%"}, {"start": "00:06:03", "end": "00:06:08", "text": "trader. Buy, sell, buy, sell. No"}, {"start": "00:06:06", "end": "00:06:11", "text": "emotional attachment. So I don't have a"}, {"start": "00:06:08", "end": "00:06:12", "text": "core position in stocks. Ah, no, this is"}, {"start": "00:06:11", "end": "00:06:16", "text": "buy and hold forever is core position."}, {"start": "00:06:12", "end": "00:06:18", "text": "No, stocks is always buy, sell, buy,"}, {"start": "00:06:16", "end": "00:06:22", "text": "sell. I don't care. For me, the trend is"}, {"start": "00:06:18", "end": "00:06:24", "text": "up, I buy. The trend is down, I sell. So"}, {"start": "00:06:22", "end": "00:06:26", "text": "it's it's really a great privilege for"}, {"start": "00:06:24", "end": "00:06:29", "text": "Bitcoin and gold that they keep a core"}, {"start": "00:06:26", "end": "00:06:31", "text": "position a big trend follower the big"}, {"start": "00:06:29", "end": "00:06:34", "text": "agnostic in the markets. I believe in"}, {"start": "00:06:31", "end": "00:06:35", "text": "nothing in the markets. So I don't"}, {"start": "00:06:34", "end": "00:06:37", "text": "believe in narratives. I believe in"}, {"start": "00:06:35", "end": "00:06:39", "text": "nothing. So it's going up I buy. It's"}, {"start": "00:06:37", "end": "00:06:40", "text": "going down I sell. I don't care about"}, {"start": "00:06:39", "end": "00:06:41", "text": "explanation."}, {"start": "00:06:40", "end": "00:06:42", "text": ">> But it's but it's different when it"}, {"start": "00:06:41", "end": "00:06:45", "text": "comes to Bitcoin and gold."}, {"start": "00:06:42", "end": "00:06:48", "text": ">> Exactly. So this is a big privilege Mr."}, {"start": "00:06:45", "end": "00:06:49", "text": "BL is doing to gold and Bitcoin."}, {"start": "00:06:48", "end": "00:06:51", "text": ">> Yeah. I can I I can understand the"}, {"start": "00:06:49", "end": "00:06:53", "text": "situation with gold as precious metals."}, {"start": "00:06:51", "end": "00:06:55", "text": "I get that. But I don't understand why"}, {"start": "00:06:53", "end": "00:06:58", "text": "you'd think Bitcoin is in the same same"}, {"start": "00:06:55", "end": "00:07:00", "text": "situation as with gold. I I I know some"}, {"start": "00:06:58", "end": "00:07:01", "text": "people don't agree with me on this, but"}, {"start": "00:07:00", "end": "00:07:03", "text": "I don't I don't see Bitcoin as being"}, {"start": "00:07:01", "end": "00:07:04", "text": "like digital gold or even gold like"}, {"start": "00:07:03", "end": "00:07:06", "text": "that. I just don't see it. Again, as I"}, {"start": "00:07:04", "end": "00:07:08", "text": "said before, when stock market crashes"}, {"start": "00:07:06", "end": "00:07:10", "text": "and when recessions occur, usually"}, {"start": "00:07:08", "end": "00:07:13", "text": "Bitcoin goes down as we've seen in the"}, {"start": "00:07:10", "end": "00:07:14", "text": "past. So why why do you see Bitcoin as a"}, {"start": "00:07:13", "end": "00:07:15", "text": "store of value?"}, {"start": "00:07:14", "end": "00:07:18", "text": ">> I don't believe even my own narrative."}, {"start": "00:07:15", "end": "00:07:21", "text": "So you're talking to an agnostic but"}, {"start": "00:07:18", "end": "00:07:22", "text": ">> Bitcoin is hard money. This for me this"}, {"start": "00:07:21", "end": "00:07:25", "text": "is clear. You cannot print you cannot"}, {"start": "00:07:22", "end": "00:07:29", "text": "print and it's even harder than gold."}, {"start": "00:07:25", "end": "00:07:32", "text": "That said because I am an an agnostic in"}, {"start": "00:07:29", "end": "00:07:34", "text": "markets. I know that Bitcoin maybe one"}, {"start": "00:07:32", "end": "00:07:36", "text": "day could be I don't know I'm not they"}, {"start": "00:07:34", "end": "00:07:39", "text": "say it's it's really unbreakable. No no"}, {"start": "00:07:36", "end": "00:07:42", "text": "there can be an organized state attack."}, {"start": "00:07:39", "end": "00:07:45", "text": "They can get 51% control. Say no this is"}, {"start": "00:07:42", "end": "00:07:48", "text": "almost impossible. I don't know. Hm. I'm"}, {"start": "00:07:45", "end": "00:07:52", "text": "not so sure. But since I don't believe"}, {"start": "00:07:48", "end": "00:07:53", "text": "even my own narratives, what if the"}, {"start": "00:07:52", "end": "00:07:56", "text": "people that are fully convinced about"}, {"start": "00:07:53", "end": "00:07:57", "text": "Bitcoin, they are right. So, so then I"}, {"start": "00:07:56", "end": "00:08:00", "text": "think it makes sense to have a core"}, {"start": "00:07:57", "end": "00:08:02", "text": "position which is to tell you the truth"}, {"start": "00:08:00", "end": "00:08:05", "text": "is smaller than my gold core position."}, {"start": "00:08:02", "end": "00:08:07", "text": "So, this you can see the the rank the"}, {"start": "00:08:05", "end": "00:08:10", "text": "ranking of core beliefs. So, I agree"}, {"start": "00:08:07", "end": "00:08:12", "text": "with you Allesio. I am more of a gold"}, {"start": "00:08:10", "end": "00:08:16", "text": "I'm not a gold back because 90% is in"}, {"start": "00:08:12", "end": "00:08:18", "text": "stocks but as an insurance I believe"}, {"start": "00:08:16", "end": "00:08:20", "text": "more in gold than in Bitcoin but"}, {"start": "00:08:18", "end": "00:08:22", "text": "nevertheless"}, {"start": "00:08:20", "end": "00:08:25", "text": "I believe"}, {"start": "00:08:22", "end": "00:08:28", "text": "many of the aspects of Bitcoin. So I"}, {"start": "00:08:25", "end": "00:08:30", "text": "think I'm not so convinced like Benny"}, {"start": "00:08:28", "end": "00:08:32", "text": "and I know that I'm going to get scalded"}, {"start": "00:08:30", "end": "00:08:34", "text": "for that that say no no no it's better"}, {"start": "00:08:32", "end": "00:08:37", "text": "than gold and let's sell all the gold"}, {"start": "00:08:34", "end": "00:08:41", "text": "and let's I'm not so convinced notably"}, {"start": "00:08:37", "end": "00:08:44", "text": "because Bacon is susceptible to an"}, {"start": "00:08:41", "end": "00:08:46", "text": "attack they say no until now okay so I"}, {"start": "00:08:44", "end": "00:08:48", "text": "don't know maybe I'm wrong so since I"}, {"start": "00:08:46", "end": "00:08:51", "text": "can be wrong or right and I don't"}, {"start": "00:08:48", "end": "00:08:53", "text": "believe in narratives so why don't hold"}, {"start": "00:08:51", "end": "00:08:55", "text": "something that in case it really goes to"}, {"start": "00:08:53", "end": "00:08:57", "text": "2 million and there is geopolitical"}, {"start": "00:08:55", "end": "00:08:59", "text": "stress and it really is not attack. I"}, {"start": "00:08:57", "end": "00:09:01", "text": "was wrong and then it's really very"}, {"start": "00:08:59", "end": "00:09:04", "text": "resilient and even better than gold."}, {"start": "00:09:01", "end": "00:09:06", "text": "Then I want to have some exposure but"}, {"start": "00:09:04", "end": "00:09:08", "text": "not because I am I am opinionated. I'm"}, {"start": "00:09:06", "end": "00:09:11", "text": "not opinionated. I'm really very I'm"}, {"start": "00:09:08", "end": "00:09:14", "text": "very nastic. Even with gold if you talk"}, {"start": "00:09:11", "end": "00:09:16", "text": "to a gold back they will tell you don't"}, {"start": "00:09:14", "end": "00:09:18", "text": "own stocks then you're stupid. You you"}, {"start": "00:09:16", "end": "00:09:20", "text": "miss a huge bull market in stocks"}, {"start": "00:09:18", "end": "00:09:23", "text": "really. So I've always had more or less"}, {"start": "00:09:20", "end": "00:09:25", "text": "between five and 10% gold. But of course"}, {"start": "00:09:23", "end": "00:09:28", "text": "I was trading the stock market because"}, {"start": "00:09:25", "end": "00:09:30", "text": "it was a bull market. But for sure if"}, {"start": "00:09:28", "end": "00:09:32", "text": "you talk to gold back they will say no"}, {"start": "00:09:30", "end": "00:09:34", "text": "for this this this and that the stock"}, {"start": "00:09:32", "end": "00:09:37", "text": "market is going to drop."}, {"start": "00:09:34", "end": "00:09:40", "text": ">> Come on. So make money with the stock"}, {"start": "00:09:37", "end": "00:09:42", "text": "market. Have some kind of insurance as I"}, {"start": "00:09:40", "end": "00:09:45", "text": "have with physical physical gold not an"}, {"start": "00:09:42", "end": "00:09:47", "text": "ETF with physical gold safely store. And"}, {"start": "00:09:45", "end": "00:09:50", "text": "this is your insurance and it pays you"}, {"start": "00:09:47", "end": "00:09:53", "text": "money because my gold portfolio well"}, {"start": "00:09:50", "end": "00:09:56", "text": "portfolio my gold holding is up more"}, {"start": "00:09:53", "end": "00:10:00", "text": "than most European stock indexes. It has"}, {"start": "00:09:56", "end": "00:10:03", "text": "paralleled the US stock the S&P but it"}, {"start": "00:10:00", "end": "00:10:06", "text": "much more than all European stocks. So"}, {"start": "00:10:03", "end": "00:10:08", "text": "wow I insurance that performs almost as"}, {"start": "00:10:06", "end": "00:10:09", "text": "well as the stock market dividends"}, {"start": "00:10:08", "end": "00:10:12", "text": "dividends reinvested."}, {"start": "00:10:09", "end": "00:10:14", "text": ">> So guys do check out Manuel Blly's"}, {"start": "00:10:12", "end": "00:10:16", "text": "excellent newsletter. I read it"}, {"start": "00:10:14", "end": "00:10:17", "text": "enthusiastically and religiously every"}, {"start": "00:10:16", "end": "00:10:18", "text": "month. I think you cover brief"}, {"start": "00:10:17", "end": "00:10:20", "text": ">> there is a crypto there is a crypto"}, {"start": "00:10:18", "end": "00:10:21", "text": "letter. So there is a specific letter"}, {"start": "00:10:20", "end": "00:10:22", "text": "for crypto as well."}, {"start": "00:10:21", "end": "00:10:24", "text": ">> So does that is that is that included in"}, {"start": "00:10:22", "end": "00:10:26", "text": "the offer as well. Uh Manuel the both"}, {"start": "00:10:24", "end": "00:10:28", "text": "the crypto"}, {"start": "00:10:26", "end": "00:10:31", "text": "both."}, {"start": "00:10:28", "end": "00:10:33", "text": ">> Great. Fantastic. So guys check it out"}, {"start": "00:10:31", "end": "00:10:36", "text": "the links in description. Cheers guys."}, {"start": "00:10:33", "end": "00:10:36", "text": ">> Thank you."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The midterm year is the only year of the"}, {"start": "00:00:03", "end": "00:00:08", "text": "theoretical four-year cycle where by the"}, {"start": "00:00:05", "end": "00:00:11", "text": "third quarter on average the market is"}, {"start": "00:00:08", "end": "00:00:13", "text": "trading below the yearly open. As far as"}, {"start": "00:00:11", "end": "00:00:15", "text": "whether the stock market's topped, Bob"}, {"start": "00:00:13", "end": "00:00:17", "text": "Prector seems to be of the view that we"}, {"start": "00:00:15", "end": "00:00:19", "text": "could potentially see a top this year if"}, {"start": "00:00:17", "end": "00:00:23", "text": "it hasn't already happened. When you see"}, {"start": "00:00:19", "end": "00:00:26", "text": "the year 2026 there in the minor cycle,"}, {"start": "00:00:23", "end": "00:00:28", "text": "that means the end of 2026. According to"}, {"start": "00:00:26", "end": "00:00:30", "text": "a cycle, we could be in a bare market"}, {"start": "00:00:28", "end": "00:00:32", "text": "all the way to 2032."}, {"start": "00:00:30", "end": "00:00:35", "text": ">> When you look at how the markets played"}, {"start": "00:00:32", "end": "00:00:38", "text": "out from 1996"}, {"start": "00:00:35", "end": "00:00:42", "text": "until today, basically, if you just put"}, {"start": "00:00:38", "end": "00:00:44", "text": "the 1996 low where that 2022 low is like"}, {"start": "00:00:42", "end": "00:00:46", "text": "it it has tracked it pretty closely"}, {"start": "00:00:44", "end": "00:00:48", "text": "here. Even though it looks pretty scary,"}, {"start": "00:00:46", "end": "00:00:50", "text": "I think right now some people may be"}, {"start": "00:00:48", "end": "00:00:51", "text": "thinking that this is the top already."}, {"start": "00:00:50", "end": "00:00:53", "text": "All right, guys. Hello and welcome. I'm"}, {"start": "00:00:51", "end": "00:00:54", "text": "excited to have Ben Cowan of the"}, {"start": "00:00:53", "end": "00:00:56", "text": "Benjamin Cowan YouTube channel here with"}, {"start": "00:00:54", "end": "00:00:58", "text": "us. You know, you've seen probably our"}, {"start": "00:00:56", "end": "00:01:00", "text": "videos so far on Bitcoin. Let's dig in"}, {"start": "00:00:58", "end": "00:01:02", "text": "in this particular video about the stock"}, {"start": "00:01:00", "end": "00:01:04", "text": "market. Now, one of the things I have to"}, {"start": "00:01:02", "end": "00:01:06", "text": "tell you, Ben, I quite uh enjoy about"}, {"start": "00:01:04", "end": "00:01:08", "text": "your videos is that every now and then"}, {"start": "00:01:06", "end": "00:01:11", "text": "you post these titles on your videos,"}, {"start": "00:01:08", "end": "00:01:13", "text": "which I think begins with a dubious uh"}, {"start": "00:01:11", "end": "00:01:14", "text": "analysis of something."}, {"start": "00:01:13", "end": "00:01:17", "text": ">> Dubious speculation."}, {"start": "00:01:14", "end": "00:01:19", "text": ">> Yeah, dubious speculation. And you go on"}, {"start": "00:01:17", "end": "00:01:20", "text": "to talk about certain markets. First of"}, {"start": "00:01:19", "end": "00:01:21", "text": "all, why do you call them dubious"}, {"start": "00:01:20", "end": "00:01:23", "text": "speculations?"}, {"start": "00:01:21", "end": "00:01:25", "text": ">> Okay, two reasons. First of all, and"}, {"start": "00:01:23", "end": "00:01:26", "text": "it's it's an admission that no one knows"}, {"start": "00:01:25", "end": "00:01:26", "text": "what's going to happen,"}, {"start": "00:01:26", "end": "00:01:28", "text": ">> right?"}, {"start": "00:01:26", "end": "00:01:31", "text": ">> The second thing is I I really like"}, {"start": "00:01:28", "end": "00:01:32", "text": "playing chess. Um if you"}, {"start": "00:01:31", "end": "00:01:34", "text": ">> Yeah. Yeah."}, {"start": "00:01:32", "end": "00:01:36", "text": ">> Yeah. So, I really I really like playing"}, {"start": "00:01:34", "end": "00:01:38", "text": "chess and I would I would watch like you"}, {"start": "00:01:36", "end": "00:01:40", "text": "know like the chess championships like"}, {"start": "00:01:38", "end": "00:01:42", "text": "really like in grad school I would"}, {"start": "00:01:40", "end": "00:01:45", "text": "literally sit around for like seven"}, {"start": "00:01:42", "end": "00:01:47", "text": "hours uh and just watch like a classical"}, {"start": "00:01:45", "end": "00:01:49", "text": "chess game because I found it I found it"}, {"start": "00:01:47", "end": "00:01:51", "text": "interesting. And in during the chess"}, {"start": "00:01:49", "end": "00:01:54", "text": "matches whenever someone would make a"}, {"start": "00:01:51", "end": "00:01:57", "text": "move that didn't like necessarily make"}, {"start": "00:01:54", "end": "00:01:58", "text": "sense to the commentators um even if it"}, {"start": "00:01:57", "end": "00:02:00", "text": "was a good move if it didn't like make"}, {"start": "00:01:58", "end": "00:02:02", "text": "sense they were trying to like they'd be"}, {"start": "00:02:00", "end": "00:02:04", "text": "like that's a very dubious move. So then"}, {"start": "00:02:02", "end": "00:02:06", "text": "like that that word stuck with me"}, {"start": "00:02:04", "end": "00:02:08", "text": "dubious. So a lot of the I feel like a"}, {"start": "00:02:06", "end": "00:02:09", "text": "lot of the analysis I put out I try to"}, {"start": "00:02:08", "end": "00:02:10", "text": "base it on things that people aren't"}, {"start": "00:02:09", "end": "00:02:13", "text": "necessarily thinking about. It's not"}, {"start": "00:02:10", "end": "00:02:14", "text": "really based on traditional technical"}, {"start": "00:02:13", "end": "00:02:16", "text": "analysis in a lot of ways. I'm not"}, {"start": "00:02:14", "end": "00:02:19", "text": "saying I never look at that kind of"}, {"start": "00:02:16", "end": "00:02:20", "text": "stuff. I do, but I like to base it on on"}, {"start": "00:02:19", "end": "00:02:22", "text": "other things as well. So, it's more so"}, {"start": "00:02:20", "end": "00:02:23", "text": "just an admission of, hey, no one knows"}, {"start": "00:02:22", "end": "00:02:24", "text": "what's going to happen. This is just"}, {"start": "00:02:23", "end": "00:02:26", "text": "pure speculation."}, {"start": "00:02:24", "end": "00:02:28", "text": ">> Ben, let's let me show you some charts"}, {"start": "00:02:26", "end": "00:02:31", "text": "and I want to get your view on it. This"}, {"start": "00:02:28", "end": "00:02:33", "text": "first one is courtesy of Bob Rector of"}, {"start": "00:02:31", "end": "00:02:35", "text": "Eliwave International. So, I want to"}, {"start": "00:02:33", "end": "00:02:37", "text": "give credit to him uh for this. He"}, {"start": "00:02:35", "end": "00:02:40", "text": "posted this in one of his recent"}, {"start": "00:02:37", "end": "00:02:42", "text": "newsletters, which shows an interesting"}, {"start": "00:02:40", "end": "00:02:44", "text": "four-year cycle. By the way, some people"}, {"start": "00:02:42", "end": "00:02:45", "text": "think that I'm against cycles. Well,"}, {"start": "00:02:44", "end": "00:02:47", "text": "this should disprove that. I'm I'm"}, {"start": "00:02:45", "end": "00:02:49", "text": "clearly showing a cycle here which"}, {"start": "00:02:47", "end": "00:02:52", "text": "interestingly enough is also a four-year"}, {"start": "00:02:49", "end": "00:02:53", "text": "cycle in the Dow Jones Industrials. Uh"}, {"start": "00:02:52", "end": "00:02:56", "text": "Ben and I were talking about four-year"}, {"start": "00:02:53", "end": "00:02:58", "text": "cycles in Bitcoin. And according to Bob"}, {"start": "00:02:56", "end": "00:03:00", "text": "Prector, there could potentially be a"}, {"start": "00:02:58", "end": "00:03:03", "text": "four-year cycle in the Dow, the major"}, {"start": "00:03:00", "end": "00:03:06", "text": "stock markets. Now, he according to him,"}, {"start": "00:03:03", "end": "00:03:09", "text": "we may have potentially reached a top in"}, {"start": "00:03:06", "end": "00:03:11", "text": "the cycle in January of 2026,"}, {"start": "00:03:09", "end": "00:03:14", "text": "possibly. Let me say that for me, a top"}, {"start": "00:03:11", "end": "00:03:16", "text": "in the stock market is not yet proven. I"}, {"start": "00:03:14", "end": "00:03:18", "text": "would need to see further evidence"}, {"start": "00:03:16", "end": "00:03:19", "text": "before I can make up my mind as to"}, {"start": "00:03:18", "end": "00:03:22", "text": "whether we reach the top in the stock"}, {"start": "00:03:19", "end": "00:03:24", "text": "market. Uh otherwise, I still think that"}, {"start": "00:03:22", "end": "00:03:25", "text": "despite this volatility, I mean, there's"}, {"start": "00:03:24", "end": "00:03:27", "text": "been some volatility right now in the"}, {"start": "00:03:25", "end": "00:03:29", "text": "stock market, which by the way, I"}, {"start": "00:03:27", "end": "00:03:31", "text": "mentioned could likely happen in in the"}, {"start": "00:03:29", "end": "00:03:32", "text": "member videos that covered this. And I"}, {"start": "00:03:31", "end": "00:03:33", "text": "mentioned quite potentially we could see"}, {"start": "00:03:32", "end": "00:03:35", "text": "a drop down to the levels we just"}, {"start": "00:03:33", "end": "00:03:37", "text": "recently dropped down to. If the S&P"}, {"start": "00:03:35", "end": "00:03:40", "text": "breaks this key level, then we could see"}, {"start": "00:03:37", "end": "00:03:42", "text": "a strong drop down for a potential"}, {"start": "00:03:40", "end": "00:03:46", "text": "C-wave into this. That would be the"}, {"start": "00:03:42", "end": "00:03:48", "text": "region between 6,600 approximately to"}, {"start": "00:03:46", "end": "00:03:51", "text": "6,490."}, {"start": "00:03:48", "end": "00:03:53", "text": "So if we measured this drop here and"}, {"start": "00:03:51", "end": "00:03:56", "text": "then we projected that from the recent"}, {"start": "00:03:53", "end": "00:03:58", "text": "high at near 7,0002, the 100% projection"}, {"start": "00:03:56", "end": "00:04:00", "text": "would give us just near that level"}, {"start": "00:03:58", "end": "00:04:03", "text": "6,600. But it's possible or indeed"}, {"start": "00:04:00", "end": "00:04:05", "text": "probable the market could extend lower"}, {"start": "00:04:03", "end": "00:04:07", "text": "and retest the lows of November, October"}, {"start": "00:04:05", "end": "00:04:10", "text": "even. And especially we take out also"}, {"start": "00:04:07", "end": "00:04:12", "text": "the December low here at 6,721"}, {"start": "00:04:10", "end": "00:04:14", "text": "that would further increase the risk and"}, {"start": "00:04:12", "end": "00:04:16", "text": "the probability of a top in the stock"}, {"start": "00:04:14", "end": "00:04:18", "text": "market which could actually mean that we"}, {"start": "00:04:16", "end": "00:04:20", "text": "might see something like a 5 to 10%"}, {"start": "00:04:18", "end": "00:04:23", "text": "correction. A break below these levels"}, {"start": "00:04:20", "end": "00:04:25", "text": "would increase the probability of a move"}, {"start": "00:04:23", "end": "00:04:28", "text": "towards the November lows just near"}, {"start": "00:04:25", "end": "00:04:31", "text": "6,521 and potentially even lower towards"}, {"start": "00:04:28", "end": "00:04:34", "text": "6,400 6300. But going back to this"}, {"start": "00:04:31", "end": "00:04:36", "text": "particular chart, as far as whether the"}, {"start": "00:04:34", "end": "00:04:38", "text": "stock market's topped, Bob Prector seems"}, {"start": "00:04:36", "end": "00:04:40", "text": "to be of the view that we could"}, {"start": "00:04:38", "end": "00:04:42", "text": "potentially see a top this year if it"}, {"start": "00:04:40", "end": "00:04:43", "text": "hasn't already happened. Again,"}, {"start": "00:04:42", "end": "00:04:46", "text": "according to Bob's view, let me just"}, {"start": "00:04:43", "end": "00:04:47", "text": "say, which I respect, by the way. Now,"}, {"start": "00:04:46", "end": "00:04:49", "text": "interestingly enough, there is also"}, {"start": "00:04:47", "end": "00:04:50", "text": "something called the Benner cycle. I"}, {"start": "00:04:49", "end": "00:04:52", "text": "mentioned this before. Some of you who"}, {"start": "00:04:50", "end": "00:04:55", "text": "watch my videos, you probably know about"}, {"start": "00:04:52", "end": "00:04:58", "text": "the Benner cycle. Samuel Banner devised"}, {"start": "00:04:55", "end": "00:05:01", "text": "this chart, this particular diagram in"}, {"start": "00:04:58", "end": "00:05:04", "text": "the 19th century in 1875. Yes guys, you"}, {"start": "00:05:01", "end": "00:05:06", "text": "heard this correctly. 1875 he put this"}, {"start": "00:05:04", "end": "00:05:08", "text": "diagram, this chart together. According"}, {"start": "00:05:06", "end": "00:05:10", "text": "to him, these are the periods uh when to"}, {"start": "00:05:08", "end": "00:05:12", "text": "make money based on a cycle. Now, let me"}, {"start": "00:05:10", "end": "00:05:14", "text": "just say this is not Samuel Banner"}, {"start": "00:05:12", "end": "00:05:17", "text": "trying to predict the future. What he"}, {"start": "00:05:14", "end": "00:05:18", "text": "did was he looked at historical patterns"}, {"start": "00:05:17", "end": "00:05:20", "text": "uh and then he put together these"}, {"start": "00:05:18", "end": "00:05:22", "text": "patterns in this cycle, what's called a"}, {"start": "00:05:20", "end": "00:05:24", "text": "banner cycle now. and he has certainly"}, {"start": "00:05:22", "end": "00:05:26", "text": "been right about a number of these"}, {"start": "00:05:24", "end": "00:05:29", "text": "market tops and bottoms. The most famous"}, {"start": "00:05:26", "end": "00:05:31", "text": "one being the 1920 the 1920s top. Now he"}, {"start": "00:05:29", "end": "00:05:33", "text": "was early by about two years. Uh by the"}, {"start": "00:05:31", "end": "00:05:35", "text": "way let me just mention this guys these"}, {"start": "00:05:33", "end": "00:05:38", "text": "numbers these dates that you see here"}, {"start": "00:05:35", "end": "00:05:40", "text": "they refer to the end of those years not"}, {"start": "00:05:38", "end": "00:05:44", "text": "the beginning. So for example when you"}, {"start": "00:05:40", "end": "00:05:48", "text": "see the year 2026 there uh in the minor"}, {"start": "00:05:44", "end": "00:05:50", "text": "cycle that means the end of 2026 not the"}, {"start": "00:05:48", "end": "00:05:51", "text": "beginning. So just to mention a few"}, {"start": "00:05:50", "end": "00:05:54", "text": "things, he was off by a couple of years"}, {"start": "00:05:51", "end": "00:05:57", "text": "by the 1929 crash right there on the"}, {"start": "00:05:54", "end": "00:05:59", "text": "left, but he still got it almost right."}, {"start": "00:05:57", "end": "00:06:03", "text": "Then there was the 1999. Yeah, it's"}, {"start": "00:05:59", "end": "00:06:05", "text": "a.com bubble top. That's the end of 1999"}, {"start": "00:06:03", "end": "00:06:07", "text": "was almost correct. Absolutely right."}, {"start": "00:06:05", "end": "00:06:09", "text": "Interestingly, the end of 2019, it says"}, {"start": "00:06:07", "end": "00:06:11", "text": "2019 it says there, but that would be"}, {"start": "00:06:09", "end": "00:06:12", "text": "the beginning of 2020. That was also the"}, {"start": "00:06:11", "end": "00:06:14", "text": "year when we had the COVID crash if you"}, {"start": "00:06:12", "end": "00:06:17", "text": "recall. By the way, I should just"}, {"start": "00:06:14", "end": "00:06:19", "text": "mention the 2007 minor cycle top, which"}, {"start": "00:06:17", "end": "00:06:21", "text": "by the way, that was a 2007208"}, {"start": "00:06:19", "end": "00:06:23", "text": "top in the stock market, then followed"}, {"start": "00:06:21", "end": "00:06:24", "text": "by a crash. Don't get me wrong here. I'm"}, {"start": "00:06:23", "end": "00:06:27", "text": "not trying to say he was right every"}, {"start": "00:06:24", "end": "00:06:29", "text": "single time. U so this should not be"}, {"start": "00:06:27", "end": "00:06:32", "text": "used as a trigger or a buy or sell"}, {"start": "00:06:29", "end": "00:06:36", "text": "signal. Of course not. But it can be"}, {"start": "00:06:32", "end": "00:06:38", "text": "used as a tool in combination with other"}, {"start": "00:06:36", "end": "00:06:40", "text": "technical methods. So, by the end of"}, {"start": "00:06:38", "end": "00:06:41", "text": "2026, according to the banner cycle, we"}, {"start": "00:06:40", "end": "00:06:43", "text": "could we could potentially see a top in"}, {"start": "00:06:41", "end": "00:06:46", "text": "the major stock markets, which by the"}, {"start": "00:06:43", "end": "00:06:48", "text": "way, accords with the four-year cycle"}, {"start": "00:06:46", "end": "00:06:50", "text": "that Bob Prector was talking about as"}, {"start": "00:06:48", "end": "00:06:52", "text": "well. By the way, that also means if the"}, {"start": "00:06:50", "end": "00:06:54", "text": "market then tops and crashes, let's say,"}, {"start": "00:06:52", "end": "00:06:57", "text": "for example, we top sometime at the end"}, {"start": "00:06:54", "end": "00:06:58", "text": "of the year 2026 or beginning of 2027."}, {"start": "00:06:57", "end": "00:07:01", "text": "According to a cycle, we could be in a"}, {"start": "00:06:58", "end": "00:07:02", "text": "bare market all the way to 2032. If you"}, {"start": "00:07:01", "end": "00:07:05", "text": "look uh as a matter of fact, we can see"}, {"start": "00:07:02", "end": "00:07:08", "text": "that the the low of that cycle, the"}, {"start": "00:07:05", "end": "00:07:11", "text": "bottom of that cycle is approximately"}, {"start": "00:07:08", "end": "00:07:13", "text": "2032, the end of 2032. So that means"}, {"start": "00:07:11", "end": "00:07:15", "text": "years of potentially a downtrending"}, {"start": "00:07:13", "end": "00:07:16", "text": "market. That doesn't sound great. Let's"}, {"start": "00:07:15", "end": "00:07:17", "text": "get Ben's view on this."}, {"start": "00:07:16", "end": "00:07:19", "text": ">> I just want to say, yeah, like I see it"}, {"start": "00:07:17", "end": "00:07:22", "text": "goes out until 2032, but it's important"}, {"start": "00:07:19", "end": "00:07:24", "text": "to note that in 1999, it was within"}, {"start": "00:07:22", "end": "00:07:25", "text": "what, a year? Uh or not even a year,"}, {"start": "00:07:24", "end": "00:07:27", "text": "because if you're saying it's the end of"}, {"start": "00:07:25", "end": "00:07:29", "text": "1999, the markets topped in March, so"}, {"start": "00:07:27", "end": "00:07:29", "text": "about it was off by about three months,"}, {"start": "00:07:29", "end": "00:07:31", "text": "right?"}, {"start": "00:07:29", "end": "00:07:34", "text": ">> Yeah. Um,"}, {"start": "00:07:31", "end": "00:07:37", "text": ">> but the bottom was 2002, not 2005, which"}, {"start": "00:07:34", "end": "00:07:39", "text": "is the And on here it says 2005 would"}, {"start": "00:07:37", "end": "00:07:43", "text": "have been the low, but the stock market"}, {"start": "00:07:39", "end": "00:07:44", "text": "actually bottomed in uh 2002."}, {"start": "00:07:43", "end": "00:07:47", "text": ">> You're correct. It ended more or less"}, {"start": "00:07:44", "end": "00:07:49", "text": "the end of 2002, beginning of 2003 if"}, {"start": "00:07:47", "end": "00:07:51", "text": "I'm mistaken. But you're correct. So the"}, {"start": "00:07:49", "end": "00:07:53", "text": "point is is like had you waited until"}, {"start": "00:07:51", "end": "00:07:54", "text": "2005, you still would have had a you"}, {"start": "00:07:53", "end": "00:07:56", "text": "know like you still would have been"}, {"start": "00:07:54", "end": "00:07:59", "text": "buying at low prices, but the the low"}, {"start": "00:07:56", "end": "00:08:01", "text": "would have already occurred back in in"}, {"start": "00:07:59", "end": "00:08:03", "text": "like October 2002. It probably early"}, {"start": "00:08:01", "end": "00:08:05", "text": "2003 depending on what indicy, you know,"}, {"start": "00:08:03", "end": "00:08:06", "text": "what what index you're you're actually"}, {"start": "00:08:05", "end": "00:08:09", "text": "looking at. And I can share some of my"}, {"start": "00:08:06", "end": "00:08:12", "text": "charts because I think they"}, {"start": "00:08:09", "end": "00:08:14", "text": ">> they do offer some supportive views, I"}, {"start": "00:08:12", "end": "00:08:16", "text": "think, on some of the stuff. So this"}, {"start": "00:08:14", "end": "00:08:18", "text": "chart is one of my favorite charts right"}, {"start": "00:08:16", "end": "00:08:20", "text": "now and it has been for a while to"}, {"start": "00:08:18", "end": "00:08:22", "text": "understand where we are with the stock"}, {"start": "00:08:20", "end": "00:08:25", "text": "market. This is the stock market's"}, {"start": "00:08:22", "end": "00:08:26", "text": "valuation against gold against gold"}, {"start": "00:08:25", "end": "00:08:29", "text": "which I'm sure you know you're familiar"}, {"start": "00:08:26", "end": "00:08:32", "text": "with um as well. And when you look at"}, {"start": "00:08:29", "end": "00:08:35", "text": "this you can see that the last time we"}, {"start": "00:08:32", "end": "00:08:38", "text": "sort of fell below this level was 0708."}, {"start": "00:08:35", "end": "00:08:42", "text": "The time before that was 1973."}, {"start": "00:08:38", "end": "00:08:45", "text": "And in both of those cases where it fell"}, {"start": "00:08:42", "end": "00:08:46", "text": "below these current valuations, if you"}, {"start": "00:08:45", "end": "00:08:49", "text": "just overlay the stock market onto the"}, {"start": "00:08:46", "end": "00:08:52", "text": "chart over the S&P divided by gold, you"}, {"start": "00:08:49", "end": "00:08:55", "text": "can see that the stock market also then"}, {"start": "00:08:52", "end": "00:08:58", "text": "had um corrections when it broke down"}, {"start": "00:08:55", "end": "00:09:01", "text": "against gold and it corresponded to a"}, {"start": "00:08:58", "end": "00:09:04", "text": "recession in the United States. It is"}, {"start": "00:09:01", "end": "00:09:07", "text": "possible that the stock market could put"}, {"start": "00:09:04", "end": "00:09:10", "text": "in a new all-time high. Um, but I want"}, {"start": "00:09:07", "end": "00:09:13", "text": "to be clear. It's because of this chart"}, {"start": "00:09:10", "end": "00:09:16", "text": "that I do not think what's happening"}, {"start": "00:09:13", "end": "00:09:19", "text": "right now is representative of the crazy"}, {"start": "00:09:16", "end": "00:09:21", "text": "extreme valuations we had in 2000. Um,"}, {"start": "00:09:19", "end": "00:09:23", "text": "in March 2000, while we were going into"}, {"start": "00:09:21", "end": "00:09:25", "text": "a bare market, the stock market's"}, {"start": "00:09:23", "end": "00:09:28", "text": "valuation against gold was a lot higher"}, {"start": "00:09:25", "end": "00:09:30", "text": "than it is now, right? It was like 5.6"}, {"start": "00:09:28", "end": "00:09:32", "text": "when you look at SPX divided by gold."}, {"start": "00:09:30", "end": "00:09:35", "text": "Today, I mean, it's already 1.4, right?"}, {"start": "00:09:32", "end": "00:09:39", "text": "Like, so it's not it's not nearly as"}, {"start": "00:09:35", "end": "00:09:42", "text": "egregiously overvalued as it was back"}, {"start": "00:09:39", "end": "00:09:44", "text": "then. So, with that caveat, I want to"}, {"start": "00:09:42", "end": "00:09:46", "text": "show another chart I've been following,"}, {"start": "00:09:44", "end": "00:09:49", "text": "which by the way, I do think that this"}, {"start": "00:09:46", "end": "00:09:51", "text": "fractal will absolutely break. And I've"}, {"start": "00:09:49", "end": "00:09:53", "text": "been doing this long enough to know that"}, {"start": "00:09:51", "end": "00:09:56", "text": "most fractals don't actually play out,"}, {"start": "00:09:53", "end": "00:09:58", "text": "you know. Um, so I I I want people to"}, {"start": "00:09:56", "end": "00:10:00", "text": "kind of recognize that like by showing"}, {"start": "00:09:58", "end": "00:10:02", "text": "this, I'm not saying this is what's"}, {"start": "00:10:00", "end": "00:10:05", "text": "going to happen. Um, but it's just"}, {"start": "00:10:02", "end": "00:10:06", "text": "something to kind of keep you on the"}, {"start": "00:10:05", "end": "00:10:08", "text": "keep you from getting too deterministic"}, {"start": "00:10:06", "end": "00:10:12", "text": "about how this has to play out. When you"}, {"start": "00:10:08", "end": "00:10:13", "text": "look at how the markets played out from"}, {"start": "00:10:12", "end": "00:10:16", "text": "1996"}, {"start": "00:10:13", "end": "00:10:20", "text": "until today, basically, if you just put"}, {"start": "00:10:16", "end": "00:10:22", "text": "the 1996 low where that 2022 low is,"}, {"start": "00:10:20", "end": "00:10:25", "text": "like it it has tracked it pretty closely"}, {"start": "00:10:22", "end": "00:10:28", "text": "here. like even the the 2023 drop when"}, {"start": "00:10:25", "end": "00:10:30", "text": "when yields were spiking, the uh the"}, {"start": "00:10:28", "end": "00:10:33", "text": "February to April 2025 drop where we had"}, {"start": "00:10:30", "end": "00:10:35", "text": "a 20% drop that corresponds to the 20%"}, {"start": "00:10:33", "end": "00:10:37", "text": "drop we had in 1998. You could argue"}, {"start": "00:10:35", "end": "00:10:39", "text": "that the current drop we're in is just"}, {"start": "00:10:37", "end": "00:10:41", "text": "this one right here. And maybe it goes a"}, {"start": "00:10:39", "end": "00:10:43", "text": "bit lower and then perhaps the stock"}, {"start": "00:10:41", "end": "00:10:46", "text": "market does go back up to all-time highs"}, {"start": "00:10:43", "end": "00:10:48", "text": "later this year and then drop down as as"}, {"start": "00:10:46", "end": "00:10:50", "text": "we get further up. Again, I don't think"}, {"start": "00:10:48", "end": "00:10:52", "text": "that this is what's going to happen"}, {"start": "00:10:50", "end": "00:10:55", "text": "because of sort of looking at the stock"}, {"start": "00:10:52", "end": "00:10:57", "text": "market against gold, but charts like"}, {"start": "00:10:55", "end": "00:10:59", "text": "this. And also, by the way, if you look"}, {"start": "00:10:57", "end": "00:11:01", "text": "at um if you look at what happened in"}, {"start": "00:10:59", "end": "00:11:04", "text": "2018, the stock market had a sell-off"}, {"start": "00:11:01", "end": "00:11:07", "text": "early in the year and and then it still"}, {"start": "00:11:04", "end": "00:11:08", "text": "kind of popped back up um as the year"}, {"start": "00:11:07", "end": "00:11:09", "text": "went on. I mean, you can see the stock"}, {"start": "00:11:08", "end": "00:11:12", "text": "market put in a new all-time high in"}, {"start": "00:11:09", "end": "00:11:14", "text": "September of 2018 and then the market"}, {"start": "00:11:12", "end": "00:11:16", "text": "dropped. So, like, yeah, there"}, {"start": "00:11:14", "end": "00:11:18", "text": "absolutely is a scenario where where"}, {"start": "00:11:16", "end": "00:11:19", "text": "something like that happens, right?"}, {"start": "00:11:18", "end": "00:11:22", "text": "Like, there's a chance that the market"}, {"start": "00:11:19", "end": "00:11:24", "text": "finds a low in May or something or April"}, {"start": "00:11:22", "end": "00:11:25", "text": "and then rallies into October rather"}, {"start": "00:11:24", "end": "00:11:27", "text": "than sells off. Even though it's not my"}, {"start": "00:11:25", "end": "00:11:29", "text": "base case, it's something that we have"}, {"start": "00:11:27", "end": "00:11:30", "text": "to to consider. But, yeah, I mean, those"}, {"start": "00:11:29", "end": "00:11:32", "text": "are my general views on the stock"}, {"start": "00:11:30", "end": "00:11:34", "text": "market. I would say look, normally when"}, {"start": "00:11:32", "end": "00:11:36", "text": "the stock market is breaking down"}, {"start": "00:11:34", "end": "00:11:39", "text": "against gold, uh, it's not a good thing."}, {"start": "00:11:36", "end": "00:11:42", "text": "and it and it kind of represents the um"}, {"start": "00:11:39", "end": "00:11:44", "text": "the rotation from higher risk to to"}, {"start": "00:11:42", "end": "00:11:47", "text": "lower risk assets. The other thing to"}, {"start": "00:11:44", "end": "00:11:50", "text": "keep in mind too is when you look at the"}, {"start": "00:11:47", "end": "00:11:53", "text": "S&P against gold whenever it does bottom"}, {"start": "00:11:50", "end": "00:11:57", "text": "like in it bottomed in 1975 and then it"}, {"start": "00:11:53", "end": "00:12:00", "text": "also bottomed in uh 2009."}, {"start": "00:11:57", "end": "00:12:02", "text": "While the stock market found lows when"}, {"start": "00:12:00", "end": "00:12:04", "text": "the stock market bottomed against gold,"}, {"start": "00:12:02", "end": "00:12:06", "text": "the S&P valuation against gold"}, {"start": "00:12:04", "end": "00:12:07", "text": "eventually went lower like it did in"}, {"start": "00:12:06", "end": "00:12:10", "text": "1980. Even though the stock market was"}, {"start": "00:12:07", "end": "00:12:12", "text": "at a higher valuation on its USD pair,"}, {"start": "00:12:10", "end": "00:12:15", "text": "it was at a lower valuation against"}, {"start": "00:12:12", "end": "00:12:16", "text": "gold. And then you can see in '08 um the"}, {"start": "00:12:15", "end": "00:12:18", "text": "stock market found a low against gold in"}, {"start": "00:12:16", "end": "00:12:21", "text": "March of09. And even though the stock"}, {"start": "00:12:18", "end": "00:12:25", "text": "market bottomed in March of '09, it went"}, {"start": "00:12:21", "end": "00:12:27", "text": "lower against gold by 2011. So, I kind"}, {"start": "00:12:25", "end": "00:12:29", "text": "of think something similar might happen"}, {"start": "00:12:27", "end": "00:12:31", "text": "as the stock market does break down"}, {"start": "00:12:29", "end": "00:12:34", "text": "against gold. It will form a low at some"}, {"start": "00:12:31", "end": "00:12:36", "text": "point as we do go into a recession, but"}, {"start": "00:12:34", "end": "00:12:38", "text": "I don't know that that'll be it might be"}, {"start": "00:12:36", "end": "00:12:40", "text": "the low for the stock market on its USD"}, {"start": "00:12:38", "end": "00:12:43", "text": "valuation, but I could see gold kind of"}, {"start": "00:12:40", "end": "00:12:45", "text": "having one final period where it"}, {"start": "00:12:43", "end": "00:12:48", "text": "outperforms the stock market for a"}, {"start": "00:12:45", "end": "00:12:50", "text": "little bit longer before the true low of"}, {"start": "00:12:48", "end": "00:12:52", "text": "the S&P is in against the valuation of"}, {"start": "00:12:50", "end": "00:12:54", "text": "gold. So, I like to think about the S&P"}, {"start": "00:12:52", "end": "00:12:56", "text": "in terms of valuation of other of other"}, {"start": "00:12:54", "end": "00:12:57", "text": "things like like gold."}, {"start": "00:12:56", "end": "00:13:00", "text": ">> That's really interesting. Yeah. Uh,"}, {"start": "00:12:57", "end": "00:13:02", "text": "thanks, Ben. Personally, I think the"}, {"start": "00:13:00", "end": "00:13:03", "text": "drop we're seeing in the stock market,"}, {"start": "00:13:02", "end": "00:13:05", "text": "even though it looks pretty scary, I"}, {"start": "00:13:03", "end": "00:13:07", "text": "think right now some people may be"}, {"start": "00:13:05", "end": "00:13:09", "text": "thinking that this is the top already."}, {"start": "00:13:07", "end": "00:13:11", "text": "However, I personally doubt it. My good"}, {"start": "00:13:09", "end": "00:13:13", "text": "friend and trader Manuel Bllye of the"}, {"start": "00:13:11", "end": "00:13:14", "text": "Dow Theory, he mentioned that he expects"}, {"start": "00:13:13", "end": "00:13:17", "text": "the market could still make another"}, {"start": "00:13:14", "end": "00:13:19", "text": "higher high, in other words, to break"}, {"start": "00:13:17", "end": "00:13:21", "text": "out to new highs sometime this year. I"}, {"start": "00:13:19", "end": "00:13:23", "text": "think is probably right. Unless of"}, {"start": "00:13:21", "end": "00:13:25", "text": "course some major reversal signal"}, {"start": "00:13:23", "end": "00:13:28", "text": "occurs. If some major bearish reversal"}, {"start": "00:13:25", "end": "00:13:30", "text": "signal occurs in the next few months,"}, {"start": "00:13:28", "end": "00:13:32", "text": "then I'll change my mind and then I'll"}, {"start": "00:13:30", "end": "00:13:35", "text": "adopt the view that the markets topped."}, {"start": "00:13:32", "end": "00:13:38", "text": "But for now, I'm going to go with the"}, {"start": "00:13:35", "end": "00:13:39", "text": "banner cycle which and some other data"}, {"start": "00:13:38", "end": "00:13:41", "text": "which suggests that we could potentially"}, {"start": "00:13:39", "end": "00:13:43", "text": "still make another new high in the next"}, {"start": "00:13:41", "end": "00:13:44", "text": "several months. Doesn't have to be"}, {"start": "00:13:43", "end": "00:13:46", "text": "immediate, but in the next several"}, {"start": "00:13:44", "end": "00:13:48", "text": "months, we might make a new high above"}, {"start": "00:13:46", "end": "00:13:49", "text": "7,000 despite this correction. So"}, {"start": "00:13:48", "end": "00:13:52", "text": "despite the correction which we"}, {"start": "00:13:49", "end": "00:13:53", "text": "anticipated we saw coming and then"}, {"start": "00:13:52", "end": "00:13:56", "text": "perhaps by the end of the year the end"}, {"start": "00:13:53", "end": "00:13:58", "text": "of 2026 going into 2027 we might see a"}, {"start": "00:13:56", "end": "00:14:01", "text": "top which would more or less accord with"}, {"start": "00:13:58", "end": "00:14:03", "text": "the banner cycle as well. How does that"}, {"start": "00:14:01", "end": "00:14:06", "text": "sound to you Ben? Do you think that that"}, {"start": "00:14:03", "end": "00:14:08", "text": "sounds reasonable more or less?"}, {"start": "00:14:06", "end": "00:14:10", "text": ">> Yeah. Yeah. I I think it's possible that"}, {"start": "00:14:08", "end": "00:14:12", "text": "it puts in a new all-time high but I"}, {"start": "00:14:10", "end": "00:14:14", "text": "would say this. I'd say if it does put"}, {"start": "00:14:12", "end": "00:14:16", "text": "in an all-time high I I think it would"}, {"start": "00:14:14", "end": "00:14:18", "text": "only be more or less a sweep of the"}, {"start": "00:14:16", "end": "00:14:20", "text": "prior highs. Like I I wouldn't"}, {"start": "00:14:18", "end": "00:14:22", "text": ">> like I wouldn't expect it to go up to"}, {"start": "00:14:20", "end": "00:14:24", "text": "like, you know, 8,000 or 9,000."}, {"start": "00:14:22", "end": "00:14:26", "text": ">> Yeah, I agree with you. Yes."}, {"start": "00:14:24", "end": "00:14:27", "text": ">> Could it could it go back to an all-time"}, {"start": "00:14:26", "end": "00:14:30", "text": "high? Yeah. Like could it go back above"}, {"start": "00:14:27", "end": "00:14:33", "text": "seven? That's certainly possible. But if"}, {"start": "00:14:30", "end": "00:14:35", "text": "someone thought that that January or"}, {"start": "00:14:33", "end": "00:14:37", "text": "February was the top and if they got out"}, {"start": "00:14:35", "end": "00:14:39", "text": "like if they got out then or or hedged"}, {"start": "00:14:37", "end": "00:14:41", "text": "then or whatever, like that's probably"}, {"start": "00:14:39", "end": "00:14:42", "text": "good enough. Like if if the market does"}, {"start": "00:14:41", "end": "00:14:46", "text": "go to an all-time high, it might make"}, {"start": "00:14:42", "end": "00:14:48", "text": "them kind of panic in fact. uh but for"}, {"start": "00:14:46", "end": "00:14:50", "text": "the for the and by the way even as I"}, {"start": "00:14:48", "end": "00:14:53", "text": "said earlier right in 2018 the market"}, {"start": "00:14:50", "end": "00:14:55", "text": "had a major sell-off into into April and"}, {"start": "00:14:53", "end": "00:14:57", "text": "then it still put a new all-time high in"}, {"start": "00:14:55", "end": "00:15:00", "text": "October and then had a major crash going"}, {"start": "00:14:57", "end": "00:15:01", "text": "into December actually of 2026. So I"}, {"start": "00:15:00", "end": "00:15:02", "text": "mean it was all over the place and"}, {"start": "00:15:01", "end": "00:15:04", "text": "that's the thing about midterm years"}, {"start": "00:15:02", "end": "00:15:06", "text": "they are very volatile in both"}, {"start": "00:15:04", "end": "00:15:08", "text": "directions whereas in a lot of the other"}, {"start": "00:15:06", "end": "00:15:10", "text": "years the market likes to just generally"}, {"start": "00:15:08", "end": "00:15:12", "text": "trend up for the most part um but in"}, {"start": "00:15:10", "end": "00:15:15", "text": "midterm years you get a lot more of that"}, {"start": "00:15:12", "end": "00:15:18", "text": "volatility. In fact, on average, the"}, {"start": "00:15:15", "end": "00:15:20", "text": "midterm year is the only year of the"}, {"start": "00:15:18", "end": "00:15:22", "text": "theoretical four-year cycle where by the"}, {"start": "00:15:20", "end": "00:15:25", "text": "third quarter, on average, the market is"}, {"start": "00:15:22", "end": "00:15:29", "text": "trading below the yearly open. Now, if"}, {"start": "00:15:25", "end": "00:15:31", "text": "you look at 2026, now if you add on the"}, {"start": "00:15:29", "end": "00:15:33", "text": "average of all prior midterm years going"}, {"start": "00:15:31", "end": "00:15:35", "text": "back to 1928,"}, {"start": "00:15:33", "end": "00:15:37", "text": "um what you'll see is that on average,"}, {"start": "00:15:35", "end": "00:15:40", "text": "the year-to- date open, right, the stock"}, {"start": "00:15:37", "end": "00:15:41", "text": "market is the weakest kind of out in in"}, {"start": "00:15:40", "end": "00:15:43", "text": "the third quarter of the year. That"}, {"start": "00:15:41", "end": "00:15:46", "text": "doesn't mean that it has to be weak. As"}, {"start": "00:15:43", "end": "00:15:47", "text": "we saw in 2018, it was actually strong"}, {"start": "00:15:46", "end": "00:15:49", "text": "in the third quarter of the year. Um,"}, {"start": "00:15:47", "end": "00:15:52", "text": "but on average, the midterm years do"}, {"start": "00:15:49", "end": "00:15:53", "text": "tend to be a lot a lot weaker than than"}, {"start": "00:15:52", "end": "00:15:54", "text": "most the other years. And you can"}, {"start": "00:15:53", "end": "00:15:57", "text": "actually see that very quickly if you"}, {"start": "00:15:54", "end": "00:15:58", "text": "look at um all the years, right? So, if"}, {"start": "00:15:57", "end": "00:16:00", "text": "you look at at election years,"}, {"start": "00:15:58", "end": "00:16:02", "text": "post-election years, and pre-election"}, {"start": "00:16:00", "end": "00:16:04", "text": "years, pre-election years are usually"}, {"start": "00:16:02", "end": "00:16:05", "text": "the most bullish years. Uh, and then"}, {"start": "00:16:04", "end": "00:16:07", "text": "election years and post-election years"}, {"start": "00:16:05", "end": "00:16:09", "text": "are kind of similar. And then the the by"}, {"start": "00:16:07", "end": "00:16:12", "text": "far the weakest year historically is"}, {"start": "00:16:09", "end": "00:16:15", "text": "midterm years where on average the"}, {"start": "00:16:12", "end": "00:16:18", "text": "midterm years give returns of only about"}, {"start": "00:16:15", "end": "00:16:20", "text": "3% on average whereas other years are"}, {"start": "00:16:18", "end": "00:16:21", "text": "giving average returns of like 7 8 and"}, {"start": "00:16:20", "end": "00:16:22", "text": "14%."}, {"start": "00:16:21", "end": "00:16:23", "text": ">> I mean that's that's a really good"}, {"start": "00:16:22", "end": "00:16:25", "text": "point. Yeah. All right guys, thank you"}, {"start": "00:16:23", "end": "00:16:27", "text": "very much indeed. Ben, really appreciate"}, {"start": "00:16:25", "end": "00:16:28", "text": "that. And guys, make sure you go ahead"}, {"start": "00:16:27", "end": "00:16:30", "text": "and check out Ben if you haven't already"}, {"start": "00:16:28", "end": "00:16:32", "text": "done so. Check out his videos and"}, {"start": "00:16:30", "end": "00:16:33", "text": "subscribe to his channel. Uh Benjamin"}, {"start": "00:16:32", "end": "00:16:35", "text": "Kan YouTube channel. What I will do is"}, {"start": "00:16:33", "end": "00:16:37", "text": "I'll put the link to Ben's YouTube in"}, {"start": "00:16:35", "end": "00:16:38", "text": "the description. Go ahead and check it"}, {"start": "00:16:37", "end": "00:16:40", "text": "out and subscribe. Ben, thank you so"}, {"start": "00:16:38", "end": "00:16:43", "text": "much indeed."}, {"start": "00:16:40", "end": "00:16:43", "text": ">> Thanks for having me."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "It's a really bad feeling to sell the"}, {"start": "00:00:02", "end": "00:00:06", "text": "top and then not buy back in, right? And"}, {"start": "00:00:04", "end": "00:00:07", "text": "and very good point."}, {"start": "00:00:06", "end": "00:00:10", "text": ">> And I think that's what threw a lot of"}, {"start": "00:00:07", "end": "00:00:13", "text": "people off is that Bitcoin topped on"}, {"start": "00:00:10", "end": "00:00:17", "text": "apathy rather than euphoria. If you look"}, {"start": "00:00:13", "end": "00:00:18", "text": "at at social interest, it remains really"}, {"start": "00:00:17", "end": "00:00:23", "text": "low. And the only other time that"}, {"start": "00:00:18", "end": "00:00:24", "text": "happened was in fact in 2019."}, {"start": "00:00:23", "end": "00:00:26", "text": ">> Absolutely 100% agree with you."}, {"start": "00:00:24", "end": "00:00:29", "text": "Historically,"}, {"start": "00:00:26", "end": "00:00:32", "text": "Bitcoin bottoms after and I I think that"}, {"start": "00:00:29", "end": "00:00:34", "text": "Bitcoin will likely form a low this year"}, {"start": "00:00:32", "end": "00:00:36", "text": "and then hopefully go back up into a"}, {"start": "00:00:34", "end": "00:00:38", "text": "into a bull market. This is now the"}, {"start": "00:00:36", "end": "00:00:41", "text": "fourth time that Bitcoin found a market"}, {"start": "00:00:38", "end": "00:00:43", "text": "cycle top in the fourth quarter of the"}, {"start": "00:00:41", "end": "00:00:44", "text": "of the post election year. And so like"}, {"start": "00:00:43", "end": "00:00:47", "text": "this kind of goes back to what you were"}, {"start": "00:00:44", "end": "00:00:49", "text": "saying like I do believe in in timebased"}, {"start": "00:00:47", "end": "00:00:52", "text": "capitulation, but there is always a"}, {"start": "00:00:49", "end": "00:00:54", "text": "chance that Bitcoin could bottom sooner"}, {"start": "00:00:52", "end": "00:00:56", "text": "than October. So that's the reason why I"}, {"start": "00:00:54", "end": "00:00:59", "text": "think that uh by the end of this year we"}, {"start": "00:00:56", "end": "00:00:59", "text": "we likely will see Bitcoin trading below"}, {"start": "00:00:59", "end": "00:01:01", "text": "60K."}, {"start": "00:00:59", "end": "00:01:03", "text": ">> Now you mentioned also May that's"}, {"start": "00:01:01", "end": "00:01:05", "text": "interesting because June is the second"}, {"start": "00:01:03", "end": "00:01:07", "text": "month which is"}, {"start": "00:01:05", "end": "00:01:09", "text": ">> the the weakest for the stock market"}, {"start": "00:01:07", "end": "00:01:13", "text": ">> but the stock market continued to go up"}, {"start": "00:01:09", "end": "00:01:14", "text": "for a while and Bitcoin lagged. You had"}, {"start": "00:01:13", "end": "00:01:16", "text": "a divergence there."}, {"start": "00:01:14", "end": "00:01:17", "text": ">> I personally I think I actually agree"}, {"start": "00:01:16", "end": "00:01:20", "text": "with you. I actually think that Bitcoin"}, {"start": "00:01:17", "end": "00:01:22", "text": "could very well make a new low in the"}, {"start": "00:01:20", "end": "00:01:23", "text": "near term. So let's say that happens."}, {"start": "00:01:22", "end": "00:01:25", "text": "Where do you think Bitcoin could"}, {"start": "00:01:23", "end": "00:01:27", "text": "potentially drop down to?"}, {"start": "00:01:25", "end": "00:01:29", "text": ">> To me, it makes sense that Bitcoin will"}, {"start": "00:01:27", "end": "00:01:32", "text": "likely go below that level at some point"}, {"start": "00:01:29", "end": "00:01:35", "text": "this year and this target would would"}, {"start": "00:01:32", "end": "00:01:37", "text": "likely flip me into a bull without any"}, {"start": "00:01:35", "end": "00:01:39", "text": "sort of bearish bias at this point."}, {"start": "00:01:37", "end": "00:01:40", "text": ">> All those rallies failed."}, {"start": "00:01:39", "end": "00:01:42", "text": ">> The market what it loves to do is it it"}, {"start": "00:01:40", "end": "00:01:43", "text": "loves to make the fools of of the most"}, {"start": "00:01:42", "end": "00:01:45", "text": "amount of people."}, {"start": "00:01:43", "end": "00:01:47", "text": ">> It's true. People will miss"}, {"start": "00:01:45", "end": "00:01:49", "text": "opportunities because they're so fixated"}, {"start": "00:01:47", "end": "00:01:51", "text": "on this one idea. Hello guys and"}, {"start": "00:01:49", "end": "00:01:52", "text": "welcome. We're honored to have our"}, {"start": "00:01:51", "end": "00:01:54", "text": "special guest today, Ben Cowan of"}, {"start": "00:01:52", "end": "00:01:56", "text": "Benjamin Cowan YouTube channel. I've"}, {"start": "00:01:54", "end": "00:01:58", "text": "actually been meaning to speak with Ben"}, {"start": "00:01:56", "end": "00:02:00", "text": "and looking forward to speaking with Ben"}, {"start": "00:01:58", "end": "00:02:01", "text": "for a long time. And some of you"}, {"start": "00:02:00", "end": "00:02:02", "text": "probably, of course, he needs no"}, {"start": "00:02:01", "end": "00:02:05", "text": "introduction. You probably watch his"}, {"start": "00:02:02", "end": "00:02:05", "text": "videos as well as mine. So, Ben, how are"}, {"start": "00:02:05", "end": "00:02:07", "text": "you? Well,"}, {"start": "00:02:05", "end": "00:02:08", "text": ">> I'm doing great. It's a pleasure to be"}, {"start": "00:02:07", "end": "00:02:11", "text": "here. It's been a little while since we"}, {"start": "00:02:08", "end": "00:02:12", "text": "talked. Um, and I just want to say I"}, {"start": "00:02:11", "end": "00:02:13", "text": "don't I don't usually do this, but I"}, {"start": "00:02:12", "end": "00:02:15", "text": "just want to say if you're if you're"}, {"start": "00:02:13", "end": "00:02:17", "text": "tuning in from my channel, just know I"}, {"start": "00:02:15", "end": "00:02:20", "text": "do think very highly of Allesia. I think"}, {"start": "00:02:17", "end": "00:02:23", "text": "he is one of the few guys in the space"}, {"start": "00:02:20", "end": "00:02:25", "text": "that that uh is is worth listening to"}, {"start": "00:02:23", "end": "00:02:27", "text": "and he's always been he's always had a"}, {"start": "00:02:25", "end": "00:02:30", "text": "rational approach to the markets which"}, {"start": "00:02:27", "end": "00:02:31", "text": "is kind of hard to find um hard to find"}, {"start": "00:02:30", "end": "00:02:32", "text": "these days."}, {"start": "00:02:31", "end": "00:02:34", "text": ">> That's very kind of you to say. Thanks"}, {"start": "00:02:32", "end": "00:02:35", "text": "Ben. I I really appreciate that. Again,"}, {"start": "00:02:34", "end": "00:02:37", "text": "we're going to talk about Bitcoin in"}, {"start": "00:02:35", "end": "00:02:39", "text": "this video. And let me also say I've"}, {"start": "00:02:37", "end": "00:02:41", "text": "been greatly impressed by Ben's own"}, {"start": "00:02:39", "end": "00:02:43", "text": "research. Certainly listen well done to"}, {"start": "00:02:41", "end": "00:02:46", "text": "you on the great calls you've made on"}, {"start": "00:02:43", "end": "00:02:47", "text": "Bitcoin this year um and also last year"}, {"start": "00:02:46", "end": "00:02:49", "text": "as well. I guess my first question I"}, {"start": "00:02:47", "end": "00:02:51", "text": "think is the most important question is"}, {"start": "00:02:49", "end": "00:02:54", "text": "this. What is your general approach"}, {"start": "00:02:51", "end": "00:02:56", "text": "towards Bitcoin analysis? Uh now you"}, {"start": "00:02:54", "end": "00:02:58", "text": "mentioned I think if I'm not mistaken"}, {"start": "00:02:56", "end": "00:03:00", "text": "some months ago and you can clarify on"}, {"start": "00:02:58", "end": "00:03:01", "text": "this that you believe that uh Bitcoin"}, {"start": "00:03:00", "end": "00:03:04", "text": "had fallen into a bare market. Uh you"}, {"start": "00:03:01", "end": "00:03:05", "text": "had mentioned this some time ago. So I"}, {"start": "00:03:04", "end": "00:03:08", "text": "guess my first question is what is your"}, {"start": "00:03:05", "end": "00:03:10", "text": "general approach when it comes to"}, {"start": "00:03:08", "end": "00:03:12", "text": "Bitcoin analysis? Is it uh am I correct"}, {"start": "00:03:10", "end": "00:03:14", "text": "in saying it has something to do with"}, {"start": "00:03:12", "end": "00:03:15", "text": "time analysis? How did you come about"}, {"start": "00:03:14", "end": "00:03:16", "text": "the realization that Bitcoin had fallen"}, {"start": "00:03:15", "end": "00:03:18", "text": "into a bare market?"}, {"start": "00:03:16", "end": "00:03:19", "text": ">> Yeah, I think a lot of it was just"}, {"start": "00:03:18", "end": "00:03:22", "text": "trying to say, look, if it's not broke,"}, {"start": "00:03:19", "end": "00:03:24", "text": "don't fix it. And the four-year cycle"}, {"start": "00:03:22", "end": "00:03:27", "text": "continued to be correct. I I think the"}, {"start": "00:03:24", "end": "00:03:29", "text": "the hard part about this cycle is that"}, {"start": "00:03:27", "end": "00:03:31", "text": "retail never really came back. And I"}, {"start": "00:03:29", "end": "00:03:34", "text": "think that's what threw a lot of people"}, {"start": "00:03:31", "end": "00:03:37", "text": "off is that Bitcoin topped on apathy"}, {"start": "00:03:34", "end": "00:03:39", "text": "rather than euphoria. And when Bitcoin"}, {"start": "00:03:37", "end": "00:03:41", "text": "tops on apathy rather than euphoria, you"}, {"start": "00:03:39", "end": "00:03:43", "text": "don't really get that rotation into"}, {"start": "00:03:41", "end": "00:03:45", "text": "higher risk assets. You see the higher"}, {"start": "00:03:43", "end": "00:03:46", "text": "risk assets bleed to the lower risk"}, {"start": "00:03:45", "end": "00:03:48", "text": "assets, right? That's why we saw"}, {"start": "00:03:46", "end": "00:03:50", "text": "altcoins bleed to Bitcoin for the last"}, {"start": "00:03:48", "end": "00:03:52", "text": "several years. That's why we're seeing"}, {"start": "00:03:50", "end": "00:03:54", "text": "Bitcoin now bleed to stocks and it's why"}, {"start": "00:03:52", "end": "00:03:56", "text": "we're seeing stocks bleed to gold is"}, {"start": "00:03:54", "end": "00:03:58", "text": "because in a late business cycle"}, {"start": "00:03:56", "end": "00:04:00", "text": "environment, that's the way it goes. And"}, {"start": "00:03:58", "end": "00:04:03", "text": "uh maybe I could share my screen. Uh"}, {"start": "00:04:00", "end": "00:04:06", "text": "this this chart here shows the year-to-"}, {"start": "00:04:03", "end": "00:04:08", "text": "date ROI of Bitcoin in 2026. And if you"}, {"start": "00:04:06", "end": "00:04:10", "text": "look at just the average of prior"}, {"start": "00:04:08", "end": "00:04:13", "text": "midterm years, like we're tracking it"}, {"start": "00:04:10", "end": "00:04:15", "text": "almost perfectly. Now, unfortunately, we"}, {"start": "00:04:13", "end": "00:04:16", "text": "it's not like we have a lot of data in"}, {"start": "00:04:15", "end": "00:04:20", "text": "equals 3, right? We have three prior"}, {"start": "00:04:16", "end": "00:04:22", "text": "midterm years to look at, but we really"}, {"start": "00:04:20", "end": "00:04:25", "text": "kind of have more than that because"}, {"start": "00:04:22", "end": "00:04:27", "text": "while Bitcoin has only been around for,"}, {"start": "00:04:25", "end": "00:04:29", "text": "you know, the last couple of decades or"}, {"start": "00:04:27", "end": "00:04:30", "text": "so, not even a couple of decades, while"}, {"start": "00:04:29", "end": "00:04:33", "text": "Bitcoin's only been around for that"}, {"start": "00:04:30", "end": "00:04:35", "text": "long, we've we we do have the benefit of"}, {"start": "00:04:33", "end": "00:04:38", "text": "seeing how other risk assets have"}, {"start": "00:04:35", "end": "00:04:39", "text": "behaved in prior midterm years. And on"}, {"start": "00:04:38", "end": "00:04:41", "text": "average, the midterm year is the weakest"}, {"start": "00:04:39", "end": "00:04:43", "text": "year. If you look at the stock market,"}, {"start": "00:04:41", "end": "00:04:45", "text": "and I'm sure you've looked at this many"}, {"start": "00:04:43", "end": "00:04:48", "text": "times in the past, you can see that the"}, {"start": "00:04:45", "end": "00:04:53", "text": "stock market bottomed in ' 82 and in 78"}, {"start": "00:04:48", "end": "00:04:56", "text": "and in 74 and 1970 and 1966 and 1962."}, {"start": "00:04:53", "end": "00:04:59", "text": "Like you can see that Bitcoin does not"}, {"start": "00:04:56", "end": "00:05:03", "text": "have a monopoly on the 4-year cycle. But"}, {"start": "00:04:59", "end": "00:05:06", "text": "the reason the reason why this cycle has"}, {"start": "00:05:03", "end": "00:05:08", "text": "has felt so much different is because if"}, {"start": "00:05:06", "end": "00:05:10", "text": "you look at there's this indicator we"}, {"start": "00:05:08", "end": "00:05:14", "text": "have called social interest right if you"}, {"start": "00:05:10", "end": "00:05:17", "text": "look at at social interest um it remains"}, {"start": "00:05:14", "end": "00:05:19", "text": "really low but the social interest right"}, {"start": "00:05:17", "end": "00:05:21", "text": "now remain there it is you can see it's"}, {"start": "00:05:19", "end": "00:05:23", "text": "basically just been trending down since"}, {"start": "00:05:21", "end": "00:05:25", "text": "2021"}, {"start": "00:05:23", "end": "00:05:28", "text": "um and if you were to color code"}, {"start": "00:05:25", "end": "00:05:30", "text": "Bitcoin's price by social interest you"}, {"start": "00:05:28", "end": "00:05:32", "text": "can see that we topped on apathy rather"}, {"start": "00:05:30", "end": "00:05:36", "text": "than euphoria. And the only other time"}, {"start": "00:05:32", "end": "00:05:39", "text": "that happened was in fact in 2019,"}, {"start": "00:05:36", "end": "00:05:41", "text": "right? And in 2019 it was also two"}, {"start": "00:05:39", "end": "00:05:42", "text": "months Bitcoin topped in June, two"}, {"start": "00:05:41", "end": "00:05:44", "text": "months before quantitative tightening"}, {"start": "00:05:42", "end": "00:05:46", "text": "ended in August. And this time Bitcoin"}, {"start": "00:05:44", "end": "00:05:47", "text": "topped in October, two months before"}, {"start": "00:05:46", "end": "00:05:50", "text": "quantitative tightening ended in in"}, {"start": "00:05:47", "end": "00:05:52", "text": "December. And the chart that is more or"}, {"start": "00:05:50", "end": "00:05:54", "text": "less helping me navigate this stuff,"}, {"start": "00:05:52", "end": "00:05:56", "text": "couple of charts, the business cycle"}, {"start": "00:05:54", "end": "00:05:59", "text": "chart, right? And and this chart I"}, {"start": "00:05:56", "end": "00:06:02", "text": "created by by essentially taking the S&P"}, {"start": "00:05:59", "end": "00:06:04", "text": "500 divided by the unemployment rate"}, {"start": "00:06:02", "end": "00:06:07", "text": "squared multiplied by US interest rates"}, {"start": "00:06:04", "end": "00:06:09", "text": "multiplied by the US inflation rate"}, {"start": "00:06:07", "end": "00:06:11", "text": "year-over-year normalized by the money"}, {"start": "00:06:09", "end": "00:06:13", "text": "supply. And when you do that, you can"}, {"start": "00:06:11", "end": "00:06:15", "text": "pretty clearly see every prior business"}, {"start": "00:06:13", "end": "00:06:18", "text": "cycle, right? Like you can see the"}, {"start": "00:06:15", "end": "00:06:20", "text": "bubbles that form and the gray shaded"}, {"start": "00:06:18", "end": "00:06:22", "text": "regions are recessions that then bring"}, {"start": "00:06:20", "end": "00:06:23", "text": "the the the end of the business cycle"}, {"start": "00:06:22", "end": "00:06:26", "text": "into play. And so the only other time"}, {"start": "00:06:23", "end": "00:06:28", "text": "that Bitcoin topped on apathy rather"}, {"start": "00:06:26", "end": "00:06:31", "text": "than euphoria was 2019, which also ended"}, {"start": "00:06:28", "end": "00:06:33", "text": "up corresponding to the end of a of a"}, {"start": "00:06:31", "end": "00:06:34", "text": "business cycle. And that was it. It"}, {"start": "00:06:33", "end": "00:06:36", "text": "ended because of the pandemic, right? We"}, {"start": "00:06:34", "end": "00:06:39", "text": "had a crisis that allowed for the"}, {"start": "00:06:36", "end": "00:06:42", "text": "business cycle to end. At this point, we"}, {"start": "00:06:39", "end": "00:06:44", "text": "haven't yet had a crisis. But I will say"}, {"start": "00:06:42", "end": "00:06:46", "text": "all of these prior business cycles in"}, {"start": "00:06:44", "end": "00:06:49", "text": "general, the beginning of the end of the"}, {"start": "00:06:46", "end": "00:06:52", "text": "business cycle occurs when the price of"}, {"start": "00:06:49", "end": "00:06:55", "text": "oil starts to spike in a late business"}, {"start": "00:06:52", "end": "00:06:56", "text": "cycle environment where the demand is"}, {"start": "00:06:55", "end": "00:06:58", "text": "not the reason for the spike, but in"}, {"start": "00:06:56", "end": "00:06:58", "text": "fact it's because of a supply"}, {"start": "00:06:58", "end": "00:06:59", "text": "constraint."}, {"start": "00:06:58", "end": "00:07:01", "text": ">> That's really interesting. I love the"}, {"start": "00:06:59", "end": "00:07:02", "text": "data you're sharing here. It's really"}, {"start": "00:07:01", "end": "00:07:04", "text": "interesting. By the way, I should just"}, {"start": "00:07:02", "end": "00:07:06", "text": "say some people have the misconception"}, {"start": "00:07:04", "end": "00:07:08", "text": "that I don't like time cycles, uh that"}, {"start": "00:07:06", "end": "00:07:10", "text": "I'm against time cycles. It's not true."}, {"start": "00:07:08", "end": "00:07:12", "text": "I do look at time cycles. In fact, I'm"}, {"start": "00:07:10", "end": "00:07:14", "text": "going to talk about uh with Ben about"}, {"start": "00:07:12", "end": "00:07:15", "text": "the banner cycle regarding the stock"}, {"start": "00:07:14", "end": "00:07:16", "text": "market separately."}, {"start": "00:07:15", "end": "00:07:18", "text": ">> So, I do look at I look I look at time"}, {"start": "00:07:16", "end": "00:07:21", "text": "cycles. It's just that personally I"}, {"start": "00:07:18", "end": "00:07:24", "text": "prefer to rely more on price price"}, {"start": "00:07:21", "end": "00:07:25", "text": "action than time analysis, but I like to"}, {"start": "00:07:24", "end": "00:07:28", "text": "combine the two certainly and I and I"}, {"start": "00:07:25", "end": "00:07:30", "text": "like the approach that you have as well."}, {"start": "00:07:28", "end": "00:07:33", "text": ">> Um yeah, so you are of the opinion that"}, {"start": "00:07:30", "end": "00:07:36", "text": "we are now in a Bitcoin bare cycle. I I"}, {"start": "00:07:33", "end": "00:07:38", "text": "think we're in the bare market of the"}, {"start": "00:07:36", "end": "00:07:40", "text": "midterm year and I I think that Bitcoin"}, {"start": "00:07:38", "end": "00:07:43", "text": "will likely form a low this year and"}, {"start": "00:07:40", "end": "00:07:45", "text": "then hopefully go back up into a into a"}, {"start": "00:07:43", "end": "00:07:47", "text": "bull market. What I'm hoping happens is"}, {"start": "00:07:45", "end": "00:07:50", "text": "I'm hoping that this current business"}, {"start": "00:07:47", "end": "00:07:52", "text": "cycle comes to an end relatively soon so"}, {"start": "00:07:50", "end": "00:07:53", "text": "that it allows more of a natural reset."}, {"start": "00:07:52", "end": "00:07:55", "text": "I mean, here's the chart, right? If you"}, {"start": "00:07:53", "end": "00:07:58", "text": "look at the ROI of Bitcoin from the low"}, {"start": "00:07:55", "end": "00:08:00", "text": "for this cycle to the peak, it ended on"}, {"start": "00:07:58", "end": "00:08:03", "text": "day 1."}, {"start": "00:08:00", "end": "00:08:04", "text": "The cycle before that ended on day 1,059"}, {"start": "00:08:03", "end": "00:08:07", "text": "and the cycle before that ended on day"}, {"start": "00:08:04", "end": "00:08:09", "text": "1067. So, Bitcoin literally topped"}, {"start": "00:08:07", "end": "00:08:12", "text": "within about a week of prior market"}, {"start": "00:08:09", "end": "00:08:13", "text": "cycle tops as measured from the low. And"}, {"start": "00:08:12", "end": "00:08:15", "text": "then if you just extend these out to the"}, {"start": "00:08:13", "end": "00:08:17", "text": "next low, you can see that you can see"}, {"start": "00:08:15", "end": "00:08:19", "text": "the top right there. It it occurred when"}, {"start": "00:08:17", "end": "00:08:20", "text": "it always occurs and then we entered"}, {"start": "00:08:19", "end": "00:08:22", "text": "into a bare market when we always enter"}, {"start": "00:08:20", "end": "00:08:25", "text": "into a bare market. And this is now the"}, {"start": "00:08:22", "end": "00:08:28", "text": "fourth time that Bitcoin found a market"}, {"start": "00:08:25", "end": "00:08:30", "text": "cycle top in the fourth quarter of the"}, {"start": "00:08:28", "end": "00:08:32", "text": "of the post election year. Um, and then"}, {"start": "00:08:30", "end": "00:08:34", "text": "historically what happens is we get a we"}, {"start": "00:08:32", "end": "00:08:37", "text": "get sort of a draw down and then the the"}, {"start": "00:08:34", "end": "00:08:37", "text": "draw down continues out into the to the"}, {"start": "00:08:37", "end": "00:08:39", "text": "midterm year."}, {"start": "00:08:37", "end": "00:08:41", "text": ">> Well, you're saying essentially a draw"}, {"start": "00:08:39", "end": "00:08:42", "text": "down continues into the end of the"}, {"start": "00:08:41", "end": "00:08:43", "text": "midterm year. Is that is that what you"}, {"start": "00:08:42", "end": "00:08:44", "text": "just said?"}, {"start": "00:08:43", "end": "00:08:46", "text": ">> Yeah, there are chance. So So I think"}, {"start": "00:08:44", "end": "00:08:49", "text": "October has to be on everyone's radar as"}, {"start": "00:08:46", "end": "00:08:51", "text": "a potential low, but it could happen"}, {"start": "00:08:49", "end": "00:08:52", "text": "sooner. I'm not against and so like this"}, {"start": "00:08:51", "end": "00:08:55", "text": "kind of goes back to what you were"}, {"start": "00:08:52", "end": "00:08:57", "text": "saying like I do believe in in timebased"}, {"start": "00:08:55", "end": "00:09:00", "text": "capitulation but there is always a"}, {"start": "00:08:57", "end": "00:09:02", "text": "chance that Bitcoin could bottom sooner"}, {"start": "00:09:00", "end": "00:09:03", "text": "than October and I just want to give one"}, {"start": "00:09:02", "end": "00:09:05", "text": "quick example so people are aware that"}, {"start": "00:09:03", "end": "00:09:08", "text": "they need to be flexible if you look at"}, {"start": "00:09:05", "end": "00:09:11", "text": "the S&P 500 in the '60s right or in the"}, {"start": "00:09:08", "end": "00:09:14", "text": "70s you know you'll see that in in ' 66"}, {"start": "00:09:11", "end": "00:09:18", "text": "the low was October and in 74 the low"}, {"start": "00:09:14", "end": "00:09:22", "text": "was October but in 1970 the low actually"}, {"start": "00:09:18", "end": "00:09:24", "text": "occurred in in May. So I I want people"}, {"start": "00:09:22", "end": "00:09:27", "text": "to recognize that it is possible for"}, {"start": "00:09:24", "end": "00:09:30", "text": "Bitcoin to bottom as early as May. It"}, {"start": "00:09:27", "end": "00:09:31", "text": "depends on how low Bitcoin goes as to"}, {"start": "00:09:30", "end": "00:09:36", "text": "whether it would make sense to call that"}, {"start": "00:09:31", "end": "00:09:40", "text": "the bottom. For me, 60K find, you know,"}, {"start": "00:09:36", "end": "00:09:42", "text": "a February low of 60K still has there's"}, {"start": "00:09:40", "end": "00:09:43", "text": "still a window of weakness that we have"}, {"start": "00:09:42", "end": "00:09:45", "text": "to prove that it won't go lower than"}, {"start": "00:09:43", "end": "00:09:47", "text": "60K. And so that's the reason why I"}, {"start": "00:09:45", "end": "00:09:50", "text": "think that uh by the end of this year we"}, {"start": "00:09:47", "end": "00:09:50", "text": "we likely will see Bitcoin trading below"}, {"start": "00:09:50", "end": "00:09:51", "text": "60K."}, {"start": "00:09:50", "end": "00:09:52", "text": ">> Yeah, I agree with you on that."}, {"start": "00:09:51", "end": "00:09:53", "text": "Actually, I'll come back to that point."}, {"start": "00:09:52", "end": "00:09:56", "text": "Something interesting you just"}, {"start": "00:09:53", "end": "00:09:59", "text": "mentioned, Ben, about the potential for"}, {"start": "00:09:56", "end": "00:10:00", "text": "either October or May in the stock"}, {"start": "00:09:59", "end": "00:10:02", "text": "market, as I'm sure you know this"}, {"start": "00:10:00", "end": "00:10:04", "text": "yourself. In the stock market, there are"}, {"start": "00:10:02", "end": "00:10:07", "text": "two months or two periods which are the"}, {"start": "00:10:04", "end": "00:10:09", "text": "weakest for the stock market. One is"}, {"start": "00:10:07", "end": "00:10:10", "text": "September, October, which are very"}, {"start": "00:10:09", "end": "00:10:13", "text": "volatile. In fact, historically,"}, {"start": "00:10:10", "end": "00:10:15", "text": "September is the one of the worst months"}, {"start": "00:10:13", "end": "00:10:17", "text": "for the stock market histo again"}, {"start": "00:10:15", "end": "00:10:19", "text": "seasonally, which means that if there's"}, {"start": "00:10:17", "end": "00:10:22", "text": "a drop in September, usually the market"}, {"start": "00:10:19", "end": "00:10:23", "text": "then bottoms as as we enter as we enter"}, {"start": "00:10:22", "end": "00:10:26", "text": "October. So, September, October, that"}, {"start": "00:10:23", "end": "00:10:29", "text": "that period is probably an explanation"}, {"start": "00:10:26", "end": "00:10:31", "text": "as to why you see October, September um"}, {"start": "00:10:29", "end": "00:10:33", "text": "being a low or a bottom for the market"}, {"start": "00:10:31", "end": "00:10:36", "text": "after it drops. Now, you mentioned also"}, {"start": "00:10:33", "end": "00:10:38", "text": "May. That's interesting because June is"}, {"start": "00:10:36", "end": "00:10:40", "text": "the second month which is"}, {"start": "00:10:38", "end": "00:10:42", "text": ">> the the weakest for the stock markets."}, {"start": "00:10:40", "end": "00:10:43", "text": "Now people may be thinking why am I"}, {"start": "00:10:42", "end": "00:10:45", "text": "talking about the stock market? This"}, {"start": "00:10:43", "end": "00:10:46", "text": "video is about Bitcoin. Well, as we know"}, {"start": "00:10:45", "end": "00:10:47", "text": "there's there's typically this"}, {"start": "00:10:46", "end": "00:10:49", "text": "correlation positive correlation between"}, {"start": "00:10:47", "end": "00:10:51", "text": "the stock market and Bitcoin. And then"}, {"start": "00:10:49", "end": "00:10:54", "text": "the purple line is the stock market."}, {"start": "00:10:51", "end": "00:10:55", "text": "What you'll see is that in 2019 kind of"}, {"start": "00:10:54", "end": "00:10:57", "text": "going back to this business cycle chart,"}, {"start": "00:10:55", "end": "00:10:59", "text": "right? If we're if we're in the sort of"}, {"start": "00:10:57", "end": "00:11:01", "text": "a late business cycle environment, which"}, {"start": "00:10:59", "end": "00:11:03", "text": "is where we are in my opinion, when you"}, {"start": "00:11:01", "end": "00:11:05", "text": "look at at how it played out in the last"}, {"start": "00:11:03", "end": "00:11:07", "text": "business cycle that came to an end, the"}, {"start": "00:11:05", "end": "00:11:09", "text": "only one we really have an example of"}, {"start": "00:11:07", "end": "00:11:10", "text": "was the, you know, the 2019 2020. It's"}, {"start": "00:11:09", "end": "00:11:12", "text": "not really the best example, but it's"}, {"start": "00:11:10", "end": "00:11:15", "text": "the only one we have to work with. What"}, {"start": "00:11:12", "end": "00:11:18", "text": "you'll see is that Bitcoin topped out in"}, {"start": "00:11:15", "end": "00:11:20", "text": "June of 2019 against the stock market"}, {"start": "00:11:18", "end": "00:11:21", "text": "and it also topped out against the USD"}, {"start": "00:11:20", "end": "00:11:23", "text": "valuation, right? It topped in June of"}, {"start": "00:11:21", "end": "00:11:27", "text": "2019, but the stock market continued to"}, {"start": "00:11:23", "end": "00:11:29", "text": "go up for a while and Bitcoin lagged,"}, {"start": "00:11:27", "end": "00:11:30", "text": "right? Like Bitcoin dropped, uh, the"}, {"start": "00:11:29", "end": "00:11:31", "text": "stock market went up. You had a"}, {"start": "00:11:30", "end": "00:11:32", "text": "divergence there."}, {"start": "00:11:31", "end": "00:11:34", "text": ">> Yeah."}, {"start": "00:11:32", "end": "00:11:37", "text": ">> And it wasn't it wasn't until the"}, {"start": "00:11:34", "end": "00:11:40", "text": "business cycle came to an end in March"}, {"start": "00:11:37", "end": "00:11:41", "text": "of 2020 that Bitcoin then bottomed"}, {"start": "00:11:40", "end": "00:11:43", "text": "against the stock market, right? And"}, {"start": "00:11:41", "end": "00:11:45", "text": "essentially what happened is you had a"}, {"start": "00:11:43", "end": "00:11:47", "text": "crisis. And with the crisis, it led to"}, {"start": "00:11:45", "end": "00:11:49", "text": "money printing. And with money printing"}, {"start": "00:11:47", "end": "00:11:50", "text": "and and lower interest rates, it allows"}, {"start": "00:11:49", "end": "00:11:52", "text": "those higher risk assets to start"}, {"start": "00:11:50", "end": "00:11:54", "text": "outperforming again. I think a lot of"}, {"start": "00:11:52", "end": "00:11:56", "text": "the excess in the labor market is gone."}, {"start": "00:11:54", "end": "00:11:57", "text": "Like we don't have as much wiggle room"}, {"start": "00:11:56", "end": "00:11:59", "text": "now, right? If you look at the"}, {"start": "00:11:57", "end": "00:12:02", "text": "employment level year-over-year"}, {"start": "00:11:59", "end": "00:12:04", "text": "percentage change, uh it's getting close"}, {"start": "00:12:02", "end": "00:12:06", "text": "to going negative, right? We're only at"}, {"start": "00:12:04", "end": "00:12:07", "text": "0.0985%"}, {"start": "00:12:06", "end": "00:12:09", "text": "in terms of the year-over-year"}, {"start": "00:12:07", "end": "00:12:13", "text": "percentage change. All this excess from"}, {"start": "00:12:09", "end": "00:12:15", "text": "2022 through 2024 is gone. and and you"}, {"start": "00:12:13", "end": "00:12:17", "text": "can see that prior contractions have"}, {"start": "00:12:15", "end": "00:12:19", "text": "occurred when this metric has in fact"}, {"start": "00:12:17", "end": "00:12:22", "text": "gone negative. So again the excess is"}, {"start": "00:12:19", "end": "00:12:25", "text": "gone. What I will remind people though"}, {"start": "00:12:22", "end": "00:12:26", "text": "is if you wait if you wait and I don't"}, {"start": "00:12:25", "end": "00:12:28", "text": "know if we get a recession. I'm not"}, {"start": "00:12:26", "end": "00:12:29", "text": "trying to say that like we we have to"}, {"start": "00:12:28", "end": "00:12:31", "text": "have one this year. I think we will have"}, {"start": "00:12:29", "end": "00:12:32", "text": "one that will end the business cycle. It"}, {"start": "00:12:31", "end": "00:12:35", "text": "could happen this year could happen next"}, {"start": "00:12:32", "end": "00:12:37", "text": "year. I'm not sure exactly when. But the"}, {"start": "00:12:35", "end": "00:12:41", "text": "one thing to remember is that on average"}, {"start": "00:12:37", "end": "00:12:42", "text": "the markets bottom before the MBER"}, {"start": "00:12:41", "end": "00:12:44", "text": "announces a recession and and you can"}, {"start": "00:12:42", "end": "00:12:45", "text": "actually see that pretty clearly by"}, {"start": "00:12:44", "end": "00:12:48", "text": "looking at this table shows past"}, {"start": "00:12:45", "end": "00:12:51", "text": "recession statistics. On average the"}, {"start": "00:12:48", "end": "00:12:53", "text": "market bottoms about 15 days before uh"}, {"start": "00:12:51", "end": "00:12:54", "text": "before a recession is even declared. So"}, {"start": "00:12:53", "end": "00:12:56", "text": "don't wait for a recession to be"}, {"start": "00:12:54", "end": "00:12:58", "text": "declared to to try to like figure out oh"}, {"start": "00:12:56", "end": "00:13:00", "text": "I need to panic sell now. Markets are"}, {"start": "00:12:58", "end": "00:13:00", "text": "forward looking. They price things in"}, {"start": "00:13:00", "end": "00:13:02", "text": "ahead of time."}, {"start": "00:13:00", "end": "00:13:04", "text": ">> Yeah it's very good point Ben. That's"}, {"start": "00:13:02", "end": "00:13:05", "text": "fantastic. Uh really great stuff. I"}, {"start": "00:13:04", "end": "00:13:07", "text": "personally I think I actually agree with"}, {"start": "00:13:05", "end": "00:13:10", "text": "you. Uh I actually think that Bitcoin"}, {"start": "00:13:07", "end": "00:13:11", "text": "could very well make a new low in the"}, {"start": "00:13:10", "end": "00:13:13", "text": "near term and especially if the stock"}, {"start": "00:13:11", "end": "00:13:15", "text": "market continues to show more volatility"}, {"start": "00:13:13", "end": "00:13:18", "text": "it may put downward pressure on Bitcoin"}, {"start": "00:13:15", "end": "00:13:20", "text": "as well. So personally I think a new low"}, {"start": "00:13:18", "end": "00:13:22", "text": "below 60K in the next potentially the"}, {"start": "00:13:20", "end": "00:13:24", "text": "next several weeks if it doesn't happen"}, {"start": "00:13:22", "end": "00:13:25", "text": "sooner is likely. So let's say that"}, {"start": "00:13:24", "end": "00:13:27", "text": "happens. Where do you think Bitcoin"}, {"start": "00:13:25", "end": "00:13:29", "text": "could potentially drop down to? There's"}, {"start": "00:13:27", "end": "00:13:31", "text": "a few charts you can look at to try to"}, {"start": "00:13:29", "end": "00:13:34", "text": "give you an idea of like what what would"}, {"start": "00:13:31", "end": "00:13:36", "text": "history sort of dictate is a reasonable"}, {"start": "00:13:34", "end": "00:13:37", "text": "low because the mistake we don't want to"}, {"start": "00:13:36", "end": "00:13:39", "text": "make, right? And and I've made this"}, {"start": "00:13:37", "end": "00:13:42", "text": "mistake before. So I I say it as someone"}, {"start": "00:13:39", "end": "00:13:43", "text": "who made the mistake is it's okay to be"}, {"start": "00:13:42", "end": "00:13:47", "text": "bearish in a bare market,"}, {"start": "00:13:43", "end": "00:13:49", "text": ">> but it's not okay to be a perma bear for"}, {"start": "00:13:47", "end": "00:13:50", "text": "the long haul because eventually the"}, {"start": "00:13:49", "end": "00:13:51", "text": "markets likely will go back to alltime"}, {"start": "00:13:50", "end": "00:13:54", "text": "highs. Yeah,"}, {"start": "00:13:51", "end": "00:13:56", "text": ">> you know, it's a really bad feeling to"}, {"start": "00:13:54", "end": "00:13:58", "text": "to sell the top"}, {"start": "00:13:56", "end": "00:13:59", "text": ">> and then not buy back in, right? And and"}, {"start": "00:13:58", "end": "00:14:00", "text": ">> very good point,"}, {"start": "00:13:59", "end": "00:14:02", "text": ">> right? So, I just want to be clear that"}, {"start": "00:14:00", "end": "00:14:03", "text": "like"}, {"start": "00:14:02", "end": "00:14:05", "text": ">> absolutely 100% agree with you."}, {"start": "00:14:03", "end": "00:14:06", "text": ">> Yeah. And and I say that as someone with"}, {"start": "00:14:05", "end": "00:14:07", "text": "experience who's done it, you know, and"}, {"start": "00:14:06", "end": "00:14:08", "text": "I I think honestly everyone's done it at"}, {"start": "00:14:07", "end": "00:14:10", "text": "some point where they want to admit it"}, {"start": "00:14:08", "end": "00:14:12", "text": "or not, but there's a few charts. So,"}, {"start": "00:14:10", "end": "00:14:14", "text": "one is the the supply and profit or"}, {"start": "00:14:12", "end": "00:14:18", "text": "loss. Historically,"}, {"start": "00:14:14", "end": "00:14:20", "text": "Bitcoin bottoms after these two metrics"}, {"start": "00:14:18", "end": "00:14:23", "text": "cross, and they haven't crossed yet,"}, {"start": "00:14:20", "end": "00:14:25", "text": "which to me implies that the low is"}, {"start": "00:14:23", "end": "00:14:26", "text": "still in the future. Um, that doesn't"}, {"start": "00:14:25", "end": "00:14:28", "text": "tell you exactly where the low is going"}, {"start": "00:14:26", "end": "00:14:31", "text": "to be, but what it historically has said"}, {"start": "00:14:28", "end": "00:14:33", "text": "is if you wait for this metric to cross"}, {"start": "00:14:31", "end": "00:14:35", "text": "and then start looking for a low, you're"}, {"start": "00:14:33", "end": "00:14:37", "text": "much more likely to be accurate than if"}, {"start": "00:14:35", "end": "00:14:41", "text": "you call for a low before these two"}, {"start": "00:14:37", "end": "00:14:44", "text": "metrics cross. Another one to look at is"}, {"start": "00:14:41", "end": "00:14:46", "text": "um the the the realized price of Bitcoin"}, {"start": "00:14:44", "end": "00:14:49", "text": "and the balance price of Bitcoin. Now,"}, {"start": "00:14:46", "end": "00:14:53", "text": "every prior bare market, 2011, 2015,"}, {"start": "00:14:49", "end": "00:14:56", "text": "2014, 2015, 2018, even the one in 2020,"}, {"start": "00:14:53", "end": "00:14:59", "text": "and 2022, every bare market, we've seen"}, {"start": "00:14:56", "end": "00:15:02", "text": "Bitcoin go both below the realized price"}, {"start": "00:14:59", "end": "00:15:06", "text": "and below the balance price. Now, the"}, {"start": "00:15:02", "end": "00:15:10", "text": "realized price right now is around 55K,"}, {"start": "00:15:06", "end": "00:15:12", "text": "54K, 54K. So to me it makes sense that"}, {"start": "00:15:10", "end": "00:15:14", "text": "Bitcoin will likely go below that level"}, {"start": "00:15:12", "end": "00:15:18", "text": "at some point this year. The more"}, {"start": "00:15:14", "end": "00:15:22", "text": "bearish target w and this target would"}, {"start": "00:15:18", "end": "00:15:24", "text": "would likely flip me into a bull without"}, {"start": "00:15:22", "end": "00:15:27", "text": "any sort of bearish bias at this point."}, {"start": "00:15:24", "end": "00:15:31", "text": "The balance price is quite a bit lower"}, {"start": "00:15:27", "end": "00:15:32", "text": "uncomfortably lower at at 39K. Now I'm"}, {"start": "00:15:31", "end": "00:15:35", "text": "not suggesting that people should wait"}, {"start": "00:15:32", "end": "00:15:40", "text": "until 39K to buy Bitcoin. What I am"}, {"start": "00:15:35", "end": "00:15:42", "text": "saying is that 39 like 40k or even 50k"}, {"start": "00:15:40", "end": "00:15:44", "text": "would be in line with what you would"}, {"start": "00:15:42", "end": "00:15:46", "text": "generally expect with how these bare"}, {"start": "00:15:44", "end": "00:15:48", "text": "markets have historically gone. If you"}, {"start": "00:15:46", "end": "00:15:50", "text": "look at at Bitcoin's bare markets, the"}, {"start": "00:15:48", "end": "00:15:52", "text": "draw downs have gotten less each time."}, {"start": "00:15:50", "end": "00:15:55", "text": "The first draw down was 94%. The next"}, {"start": "00:15:52", "end": "00:15:58", "text": "one was about 87, the next one was about"}, {"start": "00:15:55", "end": "00:16:02", "text": "84, the next one was 77. I think this"}, {"start": "00:15:58", "end": "00:16:06", "text": "one is going to be about 70% plus or"}, {"start": "00:16:02", "end": "00:16:07", "text": "minus 5%. So that range, so let's say"}, {"start": "00:16:06", "end": "00:16:13", "text": "six, you know, and that basically puts"}, {"start": "00:16:07", "end": "00:16:16", "text": "you um 70% down is around 30 37K. So"}, {"start": "00:16:13", "end": "00:16:18", "text": "right below the balance price to me,"}, {"start": "00:16:16", "end": "00:16:21", "text": "like somewhere around that level, plus"}, {"start": "00:16:18", "end": "00:16:23", "text": "or minus like five or 6K off of that"}, {"start": "00:16:21", "end": "00:16:25", "text": "level could make a lot of sense as a"}, {"start": "00:16:23", "end": "00:16:26", "text": "potential low uh for the market. And so"}, {"start": "00:16:25", "end": "00:16:28", "text": "these are these are just indicators I'm"}, {"start": "00:16:26", "end": "00:16:29", "text": "looking at. And I could look at and"}, {"start": "00:16:28", "end": "00:16:31", "text": "there's a lot of other indicators as"}, {"start": "00:16:29", "end": "00:16:33", "text": "well. You could look at things like"}, {"start": "00:16:31", "end": "00:16:35", "text": "onchain things like the MVRVZ score and"}, {"start": "00:16:33", "end": "00:16:38", "text": "see how it historically bottoms after it"}, {"start": "00:16:35", "end": "00:16:40", "text": "goes below zero. I also have an onchain"}, {"start": "00:16:38", "end": "00:16:42", "text": "risk metric that accounts for the peel"}, {"start": "00:16:40", "end": "00:16:43", "text": "multiple, the MVRV score, the MVRVZ"}, {"start": "00:16:42", "end": "00:16:45", "text": "score, the transaction fees, terminal"}, {"start": "00:16:43", "end": "00:16:47", "text": "price, market cap to thermal cap ratio,"}, {"start": "00:16:45", "end": "00:16:49", "text": "and minor cap to thermal cap ratio. And"}, {"start": "00:16:47", "end": "00:16:52", "text": "historically, this thing bottoms, you"}, {"start": "00:16:49", "end": "00:16:54", "text": "know, below a risk level of 0.2, which"}, {"start": "00:16:52", "end": "00:16:56", "text": "it's not at yet. So, I I think for me,"}, {"start": "00:16:54", "end": "00:16:58", "text": "it's more of like a it's more of a"}, {"start": "00:16:56", "end": "00:17:00", "text": "timebased thing in some ways. like"}, {"start": "00:16:58", "end": "00:17:03", "text": "Bitcoin doesn't have to drop to any"}, {"start": "00:17:00", "end": "00:17:05", "text": "specific price. It's just that it's just"}, {"start": "00:17:03", "end": "00:17:07", "text": "that it's more of a time based"}, {"start": "00:17:05", "end": "00:17:09", "text": "capitulation, right? Like"}, {"start": "00:17:07", "end": "00:17:12", "text": ">> if if Bitcoin's trading at 50K and it's"}, {"start": "00:17:09", "end": "00:17:13", "text": "October, it's late October. I'm not sure"}, {"start": "00:17:12", "end": "00:17:16", "text": "that I would be like, \"Oh, no, it has to"}, {"start": "00:17:13", "end": "00:17:20", "text": "go to 40, you know?\" Um or if Bitcoin's"}, {"start": "00:17:16", "end": "00:17:21", "text": "trading at 40K in in May, I might I'm"}, {"start": "00:17:20", "end": "00:17:23", "text": "probably not going to say, \"Oh, no, it"}, {"start": "00:17:21", "end": "00:17:24", "text": "has to go to 20 because we have to"}, {"start": "00:17:23", "end": "00:17:24", "text": "bottom in October, right?\""}, {"start": "00:17:24", "end": "00:17:26", "text": "Exactly."}, {"start": "00:17:24", "end": "00:17:28", "text": ">> I would be flexible on where the bottom"}, {"start": "00:17:26", "end": "00:17:31", "text": "has to be. And the bottom, you know, if"}, {"start": "00:17:28", "end": "00:17:33", "text": "if the next low, depending on how low it"}, {"start": "00:17:31", "end": "00:17:35", "text": "goes, it could be the final low, but it"}, {"start": "00:17:33", "end": "00:17:36", "text": "it depends on how low it goes and and"}, {"start": "00:17:35", "end": "00:17:38", "text": "you know, if any of these other"}, {"start": "00:17:36", "end": "00:17:40", "text": "indicators trigger and if and if they"}, {"start": "00:17:38", "end": "00:17:42", "text": "don't trigger, there's not a guarantee"}, {"start": "00:17:40", "end": "00:17:43", "text": "that they have to, but there's still"}, {"start": "00:17:42", "end": "00:17:44", "text": "going to be that thing in the back of"}, {"start": "00:17:43", "end": "00:17:46", "text": "our mind that says, okay, well, we have"}, {"start": "00:17:44", "end": "00:17:47", "text": "to be at least aware that, hey, there"}, {"start": "00:17:46", "end": "00:17:49", "text": "could be further downside later in the"}, {"start": "00:17:47", "end": "00:17:52", "text": "year if we don't go low enough. And and"}, {"start": "00:17:49", "end": "00:17:52", "text": "one last thing, there is a chance I I I"}, {"start": "00:17:52", "end": "00:17:55", "text": "think there's a really high chance that"}, {"start": "00:17:52", "end": "00:17:57", "text": "Bitcoin will put in a new low relatively"}, {"start": "00:17:55", "end": "00:18:00", "text": "soon, but the only thing that I want to"}, {"start": "00:17:57", "end": "00:18:03", "text": "sort of caution people to is in uh in"}, {"start": "00:18:00", "end": "00:18:05", "text": "2018, you know, we had a similar type of"}, {"start": "00:18:03", "end": "00:18:09", "text": "of we had a bare market and Bitcoin"}, {"start": "00:18:05", "end": "00:18:12", "text": "found a low in February at around $6,000"}, {"start": "00:18:09", "end": "00:18:14", "text": "and then the April low was actually a"}, {"start": "00:18:12", "end": "00:18:17", "text": "slightly higher low and then we got the"}, {"start": "00:18:14", "end": "00:18:18", "text": "lower low in the summer and then"}, {"start": "00:18:17", "end": "00:18:20", "text": "eventually we capitulated all the down."}, {"start": "00:18:18", "end": "00:18:23", "text": "So, I I want people to be aware that"}, {"start": "00:18:20", "end": "00:18:25", "text": "like it's more so we have a window of"}, {"start": "00:18:23", "end": "00:18:27", "text": "weakness going into April and then"}, {"start": "00:18:25", "end": "00:18:29", "text": "sometime we'll likely have a counter"}, {"start": "00:18:27", "end": "00:18:31", "text": "trend rally, but if if we drop deep"}, {"start": "00:18:29", "end": "00:18:33", "text": "enough in April into May, that could be"}, {"start": "00:18:31", "end": "00:18:35", "text": "it. But it it just depends on where we"}, {"start": "00:18:33", "end": "00:18:37", "text": "go. Like if let's imagine we only stay"}, {"start": "00:18:35", "end": "00:18:39", "text": "at 60K, like what if we just bounce to"}, {"start": "00:18:37", "end": "00:18:41", "text": "60K again in April, then I would"}, {"start": "00:18:39", "end": "00:18:43", "text": "probably remain bearish, you know, for a"}, {"start": "00:18:41", "end": "00:18:45", "text": "little bit longer. Um but if we go below"}, {"start": "00:18:43", "end": "00:18:47", "text": "if we go significantly below 60K, then"}, {"start": "00:18:45", "end": "00:18:48", "text": "I'd be willing to flip bullish. Ben, as"}, {"start": "00:18:47", "end": "00:18:50", "text": "a matter of fact, it's very interesting"}, {"start": "00:18:48", "end": "00:18:51", "text": "point. If you look at that those"}, {"start": "00:18:50", "end": "00:18:53", "text": "drawings you just made on the chart"}, {"start": "00:18:51", "end": "00:18:54", "text": "there, one thing I think I mentioned"}, {"start": "00:18:53", "end": "00:18:57", "text": "this before, but it's worth just"}, {"start": "00:18:54", "end": "00:18:58", "text": "remembering uh for for our audience who"}, {"start": "00:18:57", "end": "00:19:00", "text": "were watching this is that if Bitcoin"}, {"start": "00:18:58", "end": "00:19:03", "text": "were to make a base uh for example,"}, {"start": "00:19:00", "end": "00:19:06", "text": "those first points that you made back uh"}, {"start": "00:19:03", "end": "00:19:08", "text": "in 2018. So, Bitcoin was making a base"}, {"start": "00:19:06", "end": "00:19:11", "text": "sort of a support level and then all"}, {"start": "00:19:08", "end": "00:19:12", "text": "those rallies failed, the rallies in"}, {"start": "00:19:11", "end": "00:19:15", "text": "2018 I'm talking about. So, those"}, {"start": "00:19:12", "end": "00:19:17", "text": "bounces from that uh 6,000 level, they"}, {"start": "00:19:15", "end": "00:19:20", "text": "failed. Yeah. and then it broke that"}, {"start": "00:19:17", "end": "00:19:21", "text": "support. The more times price comes to"}, {"start": "00:19:20", "end": "00:19:23", "text": "test the key support level, the more"}, {"start": "00:19:21", "end": "00:19:25", "text": "likely the next time it's going to break"}, {"start": "00:19:23", "end": "00:19:27", "text": "it. So, Bitcoin at that point came down"}, {"start": "00:19:25", "end": "00:19:29", "text": "to test the same level and then broke it"}, {"start": "00:19:27", "end": "00:19:31", "text": "and then went swiftly downwards. The"}, {"start": "00:19:29", "end": "00:19:32", "text": "reason I mentioned this because if if a"}, {"start": "00:19:31", "end": "00:19:34", "text": "pattern like this plays out again in the"}, {"start": "00:19:32", "end": "00:19:36", "text": "next several months or the next several"}, {"start": "00:19:34", "end": "00:19:37", "text": "weeks, we should be aware of it."}, {"start": "00:19:36", "end": "00:19:39", "text": ">> Yeah. No, I mean I I completely I"}, {"start": "00:19:37", "end": "00:19:41", "text": "completely agree. Like I I think that we"}, {"start": "00:19:39", "end": "00:19:42", "text": "have Look, we no one knows where the"}, {"start": "00:19:41", "end": "00:19:44", "text": "market's going to go. We just have to"}, {"start": "00:19:42", "end": "00:19:45", "text": "respond to what the price does. It's"}, {"start": "00:19:44", "end": "00:19:46", "text": "like price action is king at the end of"}, {"start": "00:19:45", "end": "00:19:48", "text": "the day. And"}, {"start": "00:19:46", "end": "00:19:50", "text": ">> you know, and and again, I I've said"}, {"start": "00:19:48", "end": "00:19:51", "text": "this ear before, like it's okay to be a"}, {"start": "00:19:50", "end": "00:19:53", "text": "bear in a bare market. It's okay to be a"}, {"start": "00:19:51", "end": "00:19:56", "text": "bull in a bull market, but it's not okay"}, {"start": "00:19:53", "end": "00:19:58", "text": "to be a bear when the market is proving"}, {"start": "00:19:56", "end": "00:19:59", "text": "you wrong, right? Or it's not okay to be"}, {"start": "00:19:58", "end": "00:20:00", "text": "a bull if the market's proving you"}, {"start": "00:19:59", "end": "00:20:03", "text": "wrong. So, it's it's okay for people to"}, {"start": "00:20:00", "end": "00:20:06", "text": "pivot um their views."}, {"start": "00:20:03", "end": "00:20:08", "text": ">> And and I I kind of think right now,"}, {"start": "00:20:06", "end": "00:20:10", "text": "like we've we're in sort of phase two of"}, {"start": "00:20:08", "end": "00:20:14", "text": "the bare market, right? Phase one having"}, {"start": "00:20:10", "end": "00:20:16", "text": "been Q4 of last year. Uh we're sort of"}, {"start": "00:20:14", "end": "00:20:18", "text": "in phase two right now where a decent"}, {"start": "00:20:16", "end": "00:20:20", "text": "number of people believe it's a bare"}, {"start": "00:20:18", "end": "00:20:23", "text": "market, but there's still some hold outs"}, {"start": "00:20:20", "end": "00:20:25", "text": "that are are sort of saying it's not. Um"}, {"start": "00:20:23", "end": "00:20:27", "text": "I think if you get one more flush, I I"}, {"start": "00:20:25", "end": "00:20:28", "text": "think you you basically have consensus"}, {"start": "00:20:27", "end": "00:20:30", "text": "at that point. You know, that is in fact"}, {"start": "00:20:28", "end": "00:20:31", "text": "a bare market. And once you have"}, {"start": "00:20:30", "end": "00:20:33", "text": "consensus about anything, you have to"}, {"start": "00:20:31", "end": "00:20:34", "text": "start you have to start thinking about,"}, {"start": "00:20:33", "end": "00:20:36", "text": "you know, how things could then"}, {"start": "00:20:34", "end": "00:20:37", "text": ">> change because the market the market"}, {"start": "00:20:36", "end": "00:20:39", "text": "what it loves to do is it it loves to"}, {"start": "00:20:37", "end": "00:20:40", "text": "make the fools of of the most amount of"}, {"start": "00:20:39", "end": "00:20:42", "text": "people."}, {"start": "00:20:40", "end": "00:20:44", "text": ">> It's true. It's true. By the way, Ben,"}, {"start": "00:20:42", "end": "00:20:45", "text": "one thing I'm glad that we're in"}, {"start": "00:20:44", "end": "00:20:47", "text": "agreement about, which I I have to say"}, {"start": "00:20:45", "end": "00:20:48", "text": "I'm quite surprised. I I wasn't"}, {"start": "00:20:47", "end": "00:20:51", "text": "expecting you to say it, but which I'm"}, {"start": "00:20:48", "end": "00:20:53", "text": "very happy to hear you. You said just a"}, {"start": "00:20:51", "end": "00:20:55", "text": "few minutes ago that, you know, often"}, {"start": "00:20:53", "end": "00:20:57", "text": "what happens is people will miss"}, {"start": "00:20:55", "end": "00:20:59", "text": "opportunities because they're so fixated"}, {"start": "00:20:57", "end": "00:21:01", "text": "on this one idea that no, we're in a"}, {"start": "00:20:59", "end": "00:21:03", "text": "bare market. Price has to go down by"}, {"start": "00:21:01", "end": "00:21:05", "text": "October, lower and lower. And what"}, {"start": "00:21:03", "end": "00:21:08", "text": "happens is they miss an opportunity to"}, {"start": "00:21:05", "end": "00:21:10", "text": "buy when the price actually is at a good"}, {"start": "00:21:08", "end": "00:21:11", "text": "support level. is that a like they miss"}, {"start": "00:21:10", "end": "00:21:14", "text": "out on opportunities when the market"}, {"start": "00:21:11", "end": "00:21:16", "text": "gives it to them. Um why the reason I"}, {"start": "00:21:14", "end": "00:21:18", "text": "mention this Ben because I often when I"}, {"start": "00:21:16", "end": "00:21:20", "text": "read the comments the comments are so"}, {"start": "00:21:18", "end": "00:21:22", "text": "dogmatically"}, {"start": "00:21:20", "end": "00:21:25", "text": "one-sided like people are fixated on"}, {"start": "00:21:22", "end": "00:21:27", "text": "this idea. No, we're in a bare market."}, {"start": "00:21:25", "end": "00:21:29", "text": "Anyone who says the opposite is has to"}, {"start": "00:21:27", "end": "00:21:30", "text": "be wrong. We have to go down. In other"}, {"start": "00:21:29", "end": "00:21:32", "text": "words, rather than thinking in"}, {"start": "00:21:30", "end": "00:21:34", "text": "probabilities like you and I do and most"}, {"start": "00:21:32", "end": "00:21:35", "text": "listen most of our audience the majority"}, {"start": "00:21:34", "end": "00:21:37", "text": "of the people who watch our videos,"}, {"start": "00:21:35", "end": "00:21:39", "text": "they're very intelligent, sophisticated"}, {"start": "00:21:37", "end": "00:21:41", "text": "people. There is certainly a lot of"}, {"start": "00:21:39", "end": "00:21:44", "text": "people out there who approach the market"}, {"start": "00:21:41", "end": "00:21:47", "text": "with this fixated idea. They look at it"}, {"start": "00:21:44", "end": "00:21:50", "text": "with certainty that no price has to do"}, {"start": "00:21:47", "end": "00:21:52", "text": "this one narrative, one directional move"}, {"start": "00:21:50", "end": "00:21:54", "text": "and anyone who says the opposite has to"}, {"start": "00:21:52", "end": "00:21:56", "text": "be wrong. And what happens is as you"}, {"start": "00:21:54", "end": "00:21:58", "text": "yourself said, well, what happens? You"}, {"start": "00:21:56", "end": "00:22:00", "text": "talk yourself out of looking at"}, {"start": "00:21:58", "end": "00:22:02", "text": "opportunities or even going long or"}, {"start": "00:22:00", "end": "00:22:03", "text": "buying Bitcoin when there's a really"}, {"start": "00:22:02", "end": "00:22:05", "text": "good opportunity."}, {"start": "00:22:03", "end": "00:22:07", "text": ">> No, I I I think that's I completely"}, {"start": "00:22:05", "end": "00:22:09", "text": "agree. I completely agree. I and and I"}, {"start": "00:22:07", "end": "00:22:12", "text": "think the only way people can ever come"}, {"start": "00:22:09", "end": "00:22:14", "text": "to that realization is by unfortunately"}, {"start": "00:22:12", "end": "00:22:17", "text": "learning it the hard way and I've"}, {"start": "00:22:14", "end": "00:22:19", "text": "learned it the hard way and and"}, {"start": "00:22:17", "end": "00:22:20", "text": ">> once you learn the hard look experience"}, {"start": "00:22:19", "end": "00:22:22", "text": "is the best teacher experience is the"}, {"start": "00:22:20", "end": "00:22:23", "text": "best teacher you know you have to go to"}, {"start": "00:22:22", "end": "00:22:25", "text": "for the market and"}, {"start": "00:22:23", "end": "00:22:27", "text": ">> yeah so like don't don't get too"}, {"start": "00:22:25", "end": "00:22:29", "text": "convinced on on a narrative because like"}, {"start": "00:22:27", "end": "00:22:31", "text": "the narratives are pervasive right now"}, {"start": "00:22:29", "end": "00:22:33", "text": "as to like why Bitcoin is in a bare"}, {"start": "00:22:31", "end": "00:22:34", "text": "market. The problem is the narratives"}, {"start": "00:22:33", "end": "00:22:36", "text": "aren't going to go away even when the"}, {"start": "00:22:34", "end": "00:22:38", "text": "bare market's over. the narratives might"}, {"start": "00:22:36", "end": "00:22:40", "text": "even be more compelling when the low is"}, {"start": "00:22:38", "end": "00:22:43", "text": "actually in than when they are when it's"}, {"start": "00:22:40", "end": "00:22:45", "text": "early. So, um it's once the narratives"}, {"start": "00:22:43", "end": "00:22:46", "text": "are the most compelling that the market"}, {"start": "00:22:45", "end": "00:22:48", "text": "then kind of does something something"}, {"start": "00:22:46", "end": "00:22:50", "text": "different and that kind of leads to a a"}, {"start": "00:22:48", "end": "00:22:53", "text": "new narrative. I'm more of the view that"}, {"start": "00:22:50", "end": "00:22:54", "text": "that narrative follows price"}, {"start": "00:22:53", "end": "00:22:55", "text": "not the other way around."}, {"start": "00:22:54", "end": "00:22:57", "text": ">> Absolutely. You're correct. As a matter"}, {"start": "00:22:55", "end": "00:22:59", "text": "of fact, I think Robert Prector"}, {"start": "00:22:57", "end": "00:23:01", "text": "mentioned this too that narratives or"}, {"start": "00:22:59", "end": "00:23:03", "text": "the news is more the effect, not the"}, {"start": "00:23:01", "end": "00:23:05", "text": "cause. Uh so what happens is price"}, {"start": "00:23:03", "end": "00:23:08", "text": "action comes first and then people fit"}, {"start": "00:23:05", "end": "00:23:10", "text": "the narratives to the price action."}, {"start": "00:23:08", "end": "00:23:12", "text": "That's why narratives or news events are"}, {"start": "00:23:10", "end": "00:23:14", "text": "more like the effect not the cause"}, {"start": "00:23:12", "end": "00:23:16", "text": "itself. Yeah, well said Ben. Thank you."}, {"start": "00:23:14", "end": "00:23:19", "text": "Well said. Am I correct in saying that"}, {"start": "00:23:16", "end": "00:23:20", "text": "you believe at the moment anyway this"}, {"start": "00:23:19", "end": "00:23:22", "text": "bear cycle could be with us until"}, {"start": "00:23:20", "end": "00:23:24", "text": "October? September. October."}, {"start": "00:23:22", "end": "00:23:26", "text": ">> It could Yeah, it could last until then."}, {"start": "00:23:24", "end": "00:23:28", "text": "All the prior bare markets, they've"}, {"start": "00:23:26", "end": "00:23:30", "text": "lasted about one year. We also know the"}, {"start": "00:23:28", "end": "00:23:33", "text": "stock market likes to bottom in October."}, {"start": "00:23:30", "end": "00:23:34", "text": "a bottomed in October of 2022. Imagine"}, {"start": "00:23:33", "end": "00:23:38", "text": "imagine if Bitcoin just finds a double"}, {"start": "00:23:34", "end": "00:23:40", "text": "bottom at 60K, you know, and or or it"}, {"start": "00:23:38", "end": "00:23:43", "text": "doesn't go lower and and we just kind of"}, {"start": "00:23:40", "end": "00:23:44", "text": "get boring in the summer, then I I would"}, {"start": "00:23:43", "end": "00:23:47", "text": "say, all right, we probably will have"}, {"start": "00:23:44", "end": "00:23:50", "text": "another leg down um at the end of the"}, {"start": "00:23:47", "end": "00:23:51", "text": "year. But I wouldn't marry the idea of"}, {"start": "00:23:50", "end": "00:23:53", "text": "having to have another leg down,"}, {"start": "00:23:51", "end": "00:23:55", "text": "especially if we get a deep of deep"}, {"start": "00:23:53", "end": "00:23:56", "text": "enough of a drop before the summer gets"}, {"start": "00:23:55", "end": "00:23:57", "text": "here."}, {"start": "00:23:56", "end": "00:23:58", "text": ">> Good point. Yeah. Uh all right, guys."}, {"start": "00:23:57", "end": "00:24:00", "text": "Thank you very much indeed, Ben. Really"}, {"start": "00:23:58", "end": "00:24:02", "text": "appreciate that. And guys, make sure you"}, {"start": "00:24:00", "end": "00:24:03", "text": "go ahead and check out Ben if you"}, {"start": "00:24:02", "end": "00:24:05", "text": "haven't already done so. Check out his"}, {"start": "00:24:03", "end": "00:24:07", "text": "videos and subscribe to his channel. Uh"}, {"start": "00:24:05", "end": "00:24:09", "text": "Benjamin Kan YouTube channel. What I"}, {"start": "00:24:07", "end": "00:24:11", "text": "will do is I'll put the link to Ben's"}, {"start": "00:24:09", "end": "00:24:12", "text": "YouTube in the description. Go ahead and"}, {"start": "00:24:11", "end": "00:24:14", "text": "check it out and subscribe. Ben, thank"}, {"start": "00:24:12", "end": "00:24:17", "text": "you so much indeed."}, {"start": "00:24:14", "end": "00:24:17", "text": ">> Thanks for having me."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "I remember when I put when I put a video"}, {"start": "00:00:02", "end": "00:00:05", "text": "on silver few years ago, people were"}, {"start": "00:00:04", "end": "00:00:07", "text": "asking, \"Why are you talking about"}, {"start": "00:00:05", "end": "00:00:10", "text": "silver? Who cares?\" And now it's almost"}, {"start": "00:00:07", "end": "00:00:10", "text": "like people have gone gaga over it in"}, {"start": "00:00:10", "end": "00:00:12", "text": "the last few months."}, {"start": "00:00:10", "end": "00:00:14", "text": ">> If you're aggressive, that's the signal"}, {"start": "00:00:12", "end": "00:00:17", "text": "that you're looking for. The fact that"}, {"start": "00:00:14", "end": "00:00:21", "text": "we bounced well above the 200 day line"}, {"start": "00:00:17", "end": "00:00:23", "text": "um is uh may be more confirmation than"}, {"start": "00:00:21", "end": "00:00:26", "text": "we had from just looking at gold that"}, {"start": "00:00:23", "end": "00:00:28", "text": "actually this is going to be a uh a"}, {"start": "00:00:26", "end": "00:00:30", "text": "situation where people the market's"}, {"start": "00:00:28", "end": "00:00:33", "text": "going to run away from the bulls who are"}, {"start": "00:00:30", "end": "00:00:34", "text": "trying to buy the dip and um it's"}, {"start": "00:00:33", "end": "00:00:36", "text": "actually stronger than we think it is."}, {"start": "00:00:34", "end": "00:00:38", "text": "This exciting thing with this chart is"}, {"start": "00:00:36", "end": "00:00:40", "text": "that if we are if we've had a bear trap"}, {"start": "00:00:38", "end": "00:00:42", "text": "from below that February low it's it's"}, {"start": "00:00:40", "end": "00:00:44", "text": "it's quite exciting. Do you think this"}, {"start": "00:00:42", "end": "00:00:46", "text": "drop here is a temporary correction"}, {"start": "00:00:44", "end": "00:00:47", "text": "before we go to new all-time highs? All"}, {"start": "00:00:46", "end": "00:00:49", "text": "right, guys. Hello and welcome. You"}, {"start": "00:00:47", "end": "00:00:51", "text": "probably saw my earlier video about gold"}, {"start": "00:00:49", "end": "00:00:54", "text": "with Zach. Now, let's go into the chart"}, {"start": "00:00:51", "end": "00:00:55", "text": "of silver. Zack, so an interesting"}, {"start": "00:00:54", "end": "00:00:57", "text": "situation with both gold and silver, but"}, {"start": "00:00:55", "end": "00:00:58", "text": "in this particular video, I want to"}, {"start": "00:00:57", "end": "00:01:00", "text": "focus on more the silver chart. By the"}, {"start": "00:00:58", "end": "00:01:01", "text": "way, guys, before we start, some of you"}, {"start": "00:01:00", "end": "00:01:03", "text": "probably remember that I've been bullish"}, {"start": "00:01:01", "end": "00:01:05", "text": "on silver for many years going back to"}, {"start": "00:01:03", "end": "00:01:08", "text": "2022. If you go back, if you go back and"}, {"start": "00:01:05", "end": "00:01:10", "text": "watch my video from 2022, I think that"}, {"start": "00:01:08", "end": "00:01:12", "text": "was at the time when I mentioned with my"}, {"start": "00:01:10", "end": "00:01:15", "text": "friend Bill that there were several"}, {"start": "00:01:12", "end": "00:01:16", "text": "things happening at the time that were"}, {"start": "00:01:15", "end": "00:01:19", "text": "looking very bullish and positive for"}, {"start": "00:01:16", "end": "00:01:20", "text": "silver. Commercial hedggers. Now, as you"}, {"start": "00:01:19", "end": "00:01:23", "text": "guys know, commercial hedggers are"}, {"start": "00:01:20", "end": "00:01:25", "text": "probably the true smart money. It seems"}, {"start": "00:01:23", "end": "00:01:28", "text": "that these guys are establishing netl"}, {"start": "00:01:25", "end": "00:01:31", "text": "long netl long positions, those heavily"}, {"start": "00:01:28", "end": "00:01:32", "text": "buying into silver silver futures. And"}, {"start": "00:01:31", "end": "00:01:34", "text": "by the way, in case you're wondering,"}, {"start": "00:01:32", "end": "00:01:36", "text": "well, so what? But the thing is that"}, {"start": "00:01:34", "end": "00:01:38", "text": "this is actually very unusual. In fact,"}, {"start": "00:01:36", "end": "00:01:40", "text": "even Jason Gert himself says that this"}, {"start": "00:01:38", "end": "00:01:42", "text": "is a very unusual activity for"}, {"start": "00:01:40", "end": "00:01:44", "text": "commercial hedgers to be net long. Then"}, {"start": "00:01:42", "end": "00:01:46", "text": "this is very bullish. It's extremely"}, {"start": "00:01:44", "end": "00:01:48", "text": "bullish for silver. So my own personal"}, {"start": "00:01:46", "end": "00:01:50", "text": "view is that I still think even at the"}, {"start": "00:01:48", "end": "00:01:52", "text": "prices silver is right now, I still"}, {"start": "00:01:50", "end": "00:01:54", "text": "think it's quite undervalued and"}, {"start": "00:01:52", "end": "00:01:55", "text": "relatively cheap. Personally, if I see"}, {"start": "00:01:54", "end": "00:01:57", "text": "another pullback, another major"}, {"start": "00:01:55", "end": "00:01:58", "text": "correction in silver, I'll still"}, {"start": "00:01:57", "end": "00:01:59", "text": "continue to load up on the metal on the"}, {"start": "00:01:58", "end": "00:02:01", "text": "precious metal. And I personally think"}, {"start": "00:01:59", "end": "00:02:03", "text": "we have much higher levels to come on"}, {"start": "00:02:01", "end": "00:02:05", "text": "silver in the next few years. I think in"}, {"start": "00:02:03", "end": "00:02:08", "text": "the longer term, silver could test the"}, {"start": "00:02:05", "end": "00:02:10", "text": "prior highs that saw in 2011 near the"}, {"start": "00:02:08", "end": "00:02:12", "text": "4550 region there on the chart. As you"}, {"start": "00:02:10", "end": "00:02:14", "text": "can see, that was a prior high in 2011"}, {"start": "00:02:12", "end": "00:02:16", "text": "at about the $4950 region. And I think"}, {"start": "00:02:14", "end": "00:02:18", "text": "we could go to those levels and perhaps"}, {"start": "00:02:16", "end": "00:02:19", "text": "take those levels out in the next uh"}, {"start": "00:02:18", "end": "00:02:21", "text": "year or two. All right. So, as you saw,"}, {"start": "00:02:19", "end": "00:02:23", "text": "I was bullish on silver at a time when"}, {"start": "00:02:21", "end": "00:02:25", "text": "nobody was paying attention to it. I"}, {"start": "00:02:23", "end": "00:02:26", "text": "mean, recently there's been a lot of"}, {"start": "00:02:25", "end": "00:02:28", "text": "people getting into silver. There's a"}, {"start": "00:02:26", "end": "00:02:30", "text": "lot of people trading silver, but back"}, {"start": "00:02:28", "end": "00:02:32", "text": "at the time when silver was in its 20s,"}, {"start": "00:02:30", "end": "00:02:33", "text": "nobody was looking at it. Nobody was"}, {"start": "00:02:32", "end": "00:02:36", "text": "even interested. In fact, I remember"}, {"start": "00:02:33", "end": "00:02:37", "text": "when I put when I put a video on silver"}, {"start": "00:02:36", "end": "00:02:39", "text": "few years ago, people were asking, \"Why"}, {"start": "00:02:37", "end": "00:02:41", "text": "are you talking about silver? Who"}, {"start": "00:02:39", "end": "00:02:44", "text": "cares?\" And now it's almost like people"}, {"start": "00:02:41", "end": "00:02:46", "text": "have gone gaga over it in the last few"}, {"start": "00:02:44", "end": "00:02:47", "text": "months. Anyway, let's talk about silver"}, {"start": "00:02:46", "end": "00:02:50", "text": "with Zach. First of all, do you invest"}, {"start": "00:02:47", "end": "00:02:51", "text": "in silver as well as gold or are you"}, {"start": "00:02:50", "end": "00:02:53", "text": "more of a gold person?"}, {"start": "00:02:51", "end": "00:02:57", "text": ">> Uh, gold. Well, silver seems to be like"}, {"start": "00:02:53", "end": "00:02:59", "text": "the um the unappreciated sibling of of"}, {"start": "00:02:57", "end": "00:03:01", "text": "gold. And so you tend to want to be in"}, {"start": "00:02:59", "end": "00:03:04", "text": "the market which has the most liquidity."}, {"start": "00:03:01", "end": "00:03:06", "text": "Um and I think the other issue with"}, {"start": "00:03:04", "end": "00:03:08", "text": "silver I used to be a der a derivatives"}, {"start": "00:03:06", "end": "00:03:10", "text": "broker which I can't even say anymore uh"}, {"start": "00:03:08", "end": "00:03:13", "text": "in the '9s. And it just seems to be"}, {"start": "00:03:10", "end": "00:03:14", "text": "sometimes a bit jumpy that you know it"}, {"start": "00:03:13", "end": "00:03:15", "text": "can gap up, it can do this, it can do"}, {"start": "00:03:14", "end": "00:03:19", "text": "that."}, {"start": "00:03:15", "end": "00:03:20", "text": ">> And uh you know that's not nice. Um and"}, {"start": "00:03:19", "end": "00:03:22", "text": "I suppose it's done a bit"}, {"start": "00:03:20", "end": "00:03:23", "text": ">> very volatile. Yeah. Yeah. Well, no, it"}, {"start": "00:03:22", "end": "00:03:25", "text": "just it just doesn't have that liquid"}, {"start": "00:03:23", "end": "00:03:27", "text": "where, you know, gold is is a proper"}, {"start": "00:03:25", "end": "00:03:28", "text": "24-hour market, right? And so, you're"}, {"start": "00:03:27", "end": "00:03:31", "text": "not going to have it like, you know,"}, {"start": "00:03:28", "end": "00:03:33", "text": "4,500 one day and then 4700 the next"}, {"start": "00:03:31", "end": "00:03:35", "text": "day, you know, the you know, it doesn't"}, {"start": "00:03:33", "end": "00:03:38", "text": "tend to happen like that. Tends to have"}, {"start": "00:03:35", "end": "00:03:40", "text": "a a joined up uh uh movement. Uh which"}, {"start": "00:03:38", "end": "00:03:42", "text": "is which is great. Um I think the other"}, {"start": "00:03:40", "end": "00:03:45", "text": "thing which probably made or lost people"}, {"start": "00:03:42", "end": "00:03:47", "text": "a lot of money is trying to, you know,"}, {"start": "00:03:45", "end": "00:03:49", "text": "tie up the price of silver and gold and"}, {"start": "00:03:47", "end": "00:03:52", "text": "the ratios and everything else. Those"}, {"start": "00:03:49", "end": "00:03:54", "text": "are also very difficult things to do. Uh"}, {"start": "00:03:52", "end": "00:03:56", "text": "obviously you can do that from a"}, {"start": "00:03:54", "end": "00:03:57", "text": "technical perspective but it just tends"}, {"start": "00:03:56", "end": "00:04:01", "text": "to be a difficult uh a difficult thing"}, {"start": "00:03:57", "end": "00:04:05", "text": "to do. So um yeah so gold for me is is"}, {"start": "00:04:01", "end": "00:04:07", "text": "king and silver is uh always um the sort"}, {"start": "00:04:05", "end": "00:04:09", "text": "of as I said the sort of Cinderella. Uh"}, {"start": "00:04:07", "end": "00:04:11", "text": "I think the good thing about silver is"}, {"start": "00:04:09", "end": "00:04:14", "text": "is that it's it's you know let's say at"}, {"start": "00:04:11", "end": "00:04:17", "text": "least until um you know the last uh week"}, {"start": "00:04:14", "end": "00:04:20", "text": "or two uh it's come out of the come out"}, {"start": "00:04:17", "end": "00:04:23", "text": "of the closet come out of the shadows"}, {"start": "00:04:20", "end": "00:04:25", "text": "and um been a much better market um you"}, {"start": "00:04:23", "end": "00:04:29", "text": "know but I think it's kind of the thing"}, {"start": "00:04:25", "end": "00:04:31", "text": "that if you're bullish of gold well why"}, {"start": "00:04:29", "end": "00:04:32", "text": "not just be bullish of s you know if"}, {"start": "00:04:31", "end": "00:04:35", "text": "you're bullish of silver why not just be"}, {"start": "00:04:32", "end": "00:04:36", "text": "bullish of gold um because it's very"}, {"start": "00:04:35", "end": "00:04:38", "text": "rare that you know gold goes through the"}, {"start": "00:04:36", "end": "00:04:40", "text": "roof and silver won't follow or at least"}, {"start": "00:04:38", "end": "00:04:42", "text": "give you a decent bang for your buck."}, {"start": "00:04:40", "end": "00:04:44", "text": "So, um, so, so that's the I mean doesn't"}, {"start": "00:04:42", "end": "00:04:46", "text": "want to rain on anyone's parade but uh"}, {"start": "00:04:44", "end": "00:04:49", "text": "the the the positive obviously about"}, {"start": "00:04:46", "end": "00:04:50", "text": "silver is that it's supposed to be a"}, {"start": "00:04:49", "end": "00:04:52", "text": "market which actually has fundamental"}, {"start": "00:04:50", "end": "00:04:56", "text": "supply and demand whereas gold is a bit"}, {"start": "00:04:52", "end": "00:04:58", "text": "more of a geopolitical and um sort of as"}, {"start": "00:04:56", "end": "00:05:00", "text": "well store of value I suppose is the bad"}, {"start": "00:04:58", "end": "00:05:02", "text": "thing to say but it it's a bit more of a"}, {"start": "00:05:00", "end": "00:05:04", "text": "political football or it's it's an"}, {"start": "00:05:02", "end": "00:05:05", "text": "extern has external factors whereas"}, {"start": "00:05:04", "end": "00:05:08", "text": "silver should be more of a supply and"}, {"start": "00:05:05", "end": "00:05:10", "text": "demand in that particular market makes"}, {"start": "00:05:08", "end": "00:05:12", "text": "any sense but that that's kind of so"}, {"start": "00:05:10", "end": "00:05:12", "text": "maybe silver is a more real market than"}, {"start": "00:05:12", "end": "00:05:14", "text": "gold."}, {"start": "00:05:12", "end": "00:05:15", "text": ">> So, let's go into the chart of silver."}, {"start": "00:05:14", "end": "00:05:17", "text": "Uh, one of the things I've been warning"}, {"start": "00:05:15", "end": "00:05:18", "text": "about in the past in the member videos,"}, {"start": "00:05:17", "end": "00:05:21", "text": "for example, I'd mentioned, look, we've"}, {"start": "00:05:18", "end": "00:05:23", "text": "have we have these extreme warning signs"}, {"start": "00:05:21", "end": "00:05:25", "text": "of extreme acceleration overbought"}, {"start": "00:05:23", "end": "00:05:27", "text": "conditions on the monthly time frame."}, {"start": "00:05:25", "end": "00:05:30", "text": "For example, here silver for the first"}, {"start": "00:05:27", "end": "00:05:33", "text": "time since 2011, there it is, has issued"}, {"start": "00:05:30", "end": "00:05:35", "text": "an acceleration extreme signal. Silver"}, {"start": "00:05:33", "end": "00:05:38", "text": "has not issued a red acceleration"}, {"start": "00:05:35", "end": "00:05:40", "text": "extreme signal since 2011 there. And we"}, {"start": "00:05:38", "end": "00:05:43", "text": "can see what happened back in 2011 when"}, {"start": "00:05:40", "end": "00:05:45", "text": "this occurred soon afterwards. Then we"}, {"start": "00:05:43", "end": "00:05:47", "text": "saw the beginning of a major decline."}, {"start": "00:05:45", "end": "00:05:50", "text": "Indeed, first of all, we saw a pullback"}, {"start": "00:05:47", "end": "00:05:52", "text": "to the 21 monthly average. This drop"}, {"start": "00:05:50", "end": "00:05:54", "text": "here I mentioned before was impulsive,"}, {"start": "00:05:52", "end": "00:05:56", "text": "composed of a fivewave structure on the"}, {"start": "00:05:54", "end": "00:05:58", "text": "lower time frames. Then we had a bounce"}, {"start": "00:05:56", "end": "00:06:00", "text": "which was corrective in structure as we"}, {"start": "00:05:58", "end": "00:06:02", "text": "can see here. a three-wave move which is"}, {"start": "00:06:00", "end": "00:06:04", "text": "a potential Bwave that there was a"}, {"start": "00:06:02", "end": "00:06:07", "text": "likely Awave here and then a likely"}, {"start": "00:06:04", "end": "00:06:08", "text": "Bwave assuming the Bwave is topped and"}, {"start": "00:06:07", "end": "00:06:11", "text": "then a likely Cwave once we break"}, {"start": "00:06:08", "end": "00:06:13", "text": "support towards the region between"}, {"start": "00:06:11", "end": "00:06:16", "text": "approximately 60 this does not mean that"}, {"start": "00:06:13", "end": "00:06:18", "text": "silver or gold even have topped for the"}, {"start": "00:06:16", "end": "00:06:20", "text": "long term but it's a possibility and"}, {"start": "00:06:18", "end": "00:06:23", "text": "even a probability and risk we have to"}, {"start": "00:06:20", "end": "00:06:25", "text": "consider again the markets are nonlinear"}, {"start": "00:06:23", "end": "00:06:28", "text": "and chaotic and unpredictable so we have"}, {"start": "00:06:25", "end": "00:06:29", "text": "to deal with probabilities so Zach let's"}, {"start": "00:06:28", "end": "00:06:31", "text": "have your point of"}, {"start": "00:06:29", "end": "00:06:33", "text": "Silver actually hasn't yet touched that"}, {"start": "00:06:31", "end": "00:06:35", "text": "200 day moving average which is a level"}, {"start": "00:06:33", "end": "00:06:38", "text": "I thought it would reach but it may do"}, {"start": "00:06:35", "end": "00:06:40", "text": "that eventually. Um as far as trend"}, {"start": "00:06:38", "end": "00:06:42", "text": "lines are concerned. Uh I haven't"}, {"start": "00:06:40", "end": "00:06:44", "text": "actually drawn any on this chart but I"}, {"start": "00:06:42", "end": "00:06:46", "text": "guess we could add that now. What's your"}, {"start": "00:06:44", "end": "00:06:49", "text": "view while I draw these lines? Um"}, {"start": "00:06:46", "end": "00:06:51", "text": ">> uh the view is it's all about that um"}, {"start": "00:06:49", "end": "00:06:53", "text": "that and it's probably it's a steeper"}, {"start": "00:06:51", "end": "00:06:56", "text": "it's a steeper trend line than that. Uh"}, {"start": "00:06:53", "end": "00:06:58", "text": "the view is that it's all about that"}, {"start": "00:06:56", "end": "00:06:59", "text": "last low that we had in what was it J in"}, {"start": "00:06:58", "end": "00:07:02", "text": "January or February? The the one which"}, {"start": "00:06:59", "end": "00:07:03", "text": "is around 65 dollars. What? I can't see"}, {"start": "00:07:02", "end": "00:07:04", "text": "what I can't actually see exactly what"}, {"start": "00:07:03", "end": "00:07:06", "text": "it was."}, {"start": "00:07:04", "end": "00:07:08", "text": ">> Sorry. Uh where did you say"}, {"start": "00:07:06", "end": "00:07:10", "text": ">> the one in the one in uh in January? The"}, {"start": "00:07:08", "end": "00:07:11", "text": "last the last low which has just been"}, {"start": "00:07:10", "end": "00:07:12", "text": ">> the last low. Yeah. Yeah."}, {"start": "00:07:11", "end": "00:07:15", "text": ">> What low was that? What low was that?"}, {"start": "00:07:12", "end": "00:07:19", "text": ">> About 64 65 approximately. Yeah. Near."}, {"start": "00:07:15", "end": "00:07:21", "text": ">> Yeah. So for me uh bear trap rebound um"}, {"start": "00:07:19", "end": "00:07:23", "text": "would be an end of day close back above"}, {"start": "00:07:21", "end": "00:07:24", "text": "that today."}, {"start": "00:07:23", "end": "00:07:28", "text": "uh which at the at the moment we're on"}, {"start": "00:07:24", "end": "00:07:30", "text": "track for and then we'll be back uh back"}, {"start": "00:07:28", "end": "00:07:32", "text": "in the range of 65 to 90 or whatever it"}, {"start": "00:07:30", "end": "00:07:35", "text": "is. So if you're aggressive that's the"}, {"start": "00:07:32", "end": "00:07:37", "text": "signal that you're looking for. Um the"}, {"start": "00:07:35", "end": "00:07:40", "text": "fact that we bounced well above the 200"}, {"start": "00:07:37", "end": "00:07:43", "text": "day line um is uh maybe more"}, {"start": "00:07:40", "end": "00:07:45", "text": "confirmation than we had from just"}, {"start": "00:07:43", "end": "00:07:48", "text": "looking at silver that just looking at"}, {"start": "00:07:45", "end": "00:07:51", "text": "gold that actually this is going to be a"}, {"start": "00:07:48", "end": "00:07:53", "text": "uh a situation where people the market's"}, {"start": "00:07:51", "end": "00:07:55", "text": "going to run away from the bulls who are"}, {"start": "00:07:53", "end": "00:07:57", "text": "trying to buy the dip and um it's"}, {"start": "00:07:55", "end": "00:08:00", "text": "actually stronger than we think it is."}, {"start": "00:07:57", "end": "00:08:02", "text": "So we won't get that lower scenario uh"}, {"start": "00:08:00", "end": "00:08:03", "text": "that both of us are potentially looking"}, {"start": "00:08:02", "end": "00:08:06", "text": "for and obviously you have to leave the"}, {"start": "00:08:03", "end": "00:08:08", "text": "door open for that. So I would say"}, {"start": "00:08:06", "end": "00:08:10", "text": ">> yeah but no well I yeah but I think the"}, {"start": "00:08:08", "end": "00:08:11", "text": "whole point of whole point of this game"}, {"start": "00:08:10", "end": "00:08:13", "text": "is sometimes you got to stick your neck"}, {"start": "00:08:11", "end": "00:08:15", "text": "out. I think I think there's there's"}, {"start": "00:08:13", "end": "00:08:17", "text": "enough and otherwise there's no point."}, {"start": "00:08:15", "end": "00:08:18", "text": "uh the the sticking the neck out thing"}, {"start": "00:08:17", "end": "00:08:22", "text": "which I think is not radically sticking"}, {"start": "00:08:18", "end": "00:08:24", "text": "the ne neck out is that um we uh that"}, {"start": "00:08:22", "end": "00:08:27", "text": "silver above that um that low from"}, {"start": "00:08:24", "end": "00:08:30", "text": "February or whenever it was is um back"}, {"start": "00:08:27", "end": "00:08:31", "text": "on track and it won't hit the it won't"}, {"start": "00:08:30", "end": "00:08:33", "text": "hit that 200 day line which is great"}, {"start": "00:08:31", "end": "00:08:35", "text": "news for silver bulls. We just we're"}, {"start": "00:08:33", "end": "00:08:37", "text": "just going by the chart here. I don't"}, {"start": "00:08:35", "end": "00:08:39", "text": "want to bring in the the fundamentals or"}, {"start": "00:08:37", "end": "00:08:40", "text": "the latest news 40 minutes ago. I mean,"}, {"start": "00:08:39", "end": "00:08:42", "text": "let's just go with the with the with the"}, {"start": "00:08:40", "end": "00:08:44", "text": "rebound, the higher rebound that we're"}, {"start": "00:08:42", "end": "00:08:48", "text": "expecting. A bear trap rebound from"}, {"start": "00:08:44", "end": "00:08:49", "text": "below uh the initial 2026 support. And I"}, {"start": "00:08:48", "end": "00:08:51", "text": "I would go with that. And if it's wrong,"}, {"start": "00:08:49", "end": "00:08:54", "text": "it's wrong. And if it's right, I look"}, {"start": "00:08:51", "end": "00:08:55", "text": "like a genius. So, um that's that's what"}, {"start": "00:08:54", "end": "00:08:56", "text": "I go for."}, {"start": "00:08:55", "end": "00:08:58", "text": ">> I mean, you're very brave for sticking"}, {"start": "00:08:56", "end": "00:09:00", "text": "your neck out. I do I do admire that. Uh"}, {"start": "00:08:58", "end": "00:09:01", "text": "Zach, by the way,"}, {"start": "00:09:00", "end": "00:09:03", "text": ">> the thing is no, the thing no, the thing"}, {"start": "00:09:01", "end": "00:09:05", "text": "is that with that actually is not that"}, {"start": "00:09:03", "end": "00:09:08", "text": "brave because let's say silver is at uh"}, {"start": "00:09:05", "end": "00:09:12", "text": "68 now, right? that level and that level"}, {"start": "00:09:08", "end": "00:09:14", "text": "is 64 um your but you you know the the"}, {"start": "00:09:12", "end": "00:09:16", "text": "opportunity is above 64 it's going"}, {"start": "00:09:14", "end": "00:09:19", "text": "higher. If there's a end of day close"}, {"start": "00:09:16", "end": "00:09:21", "text": "tomorrow the next day below 64 well that"}, {"start": "00:09:19", "end": "00:09:25", "text": "theory was not was was wrong but you you"}, {"start": "00:09:21", "end": "00:09:26", "text": "you losing three or four or $5 on the"}, {"start": "00:09:25", "end": "00:09:29", "text": "basis that this could be the low and you"}, {"start": "00:09:26", "end": "00:09:31", "text": "could be back at $100 or $90 in a"}, {"start": "00:09:29", "end": "00:09:33", "text": "month's time. So that's a riskreward"}, {"start": "00:09:31", "end": "00:09:35", "text": "trade. So it this is not this is not"}, {"start": "00:09:33", "end": "00:09:36", "text": "ridiculous stuff. This is riskreward"}, {"start": "00:09:35", "end": "00:09:39", "text": "stuff. And the whole point, one of the"}, {"start": "00:09:36", "end": "00:09:41", "text": "main plus points about technical"}, {"start": "00:09:39", "end": "00:09:44", "text": "analysis is that it's it's riskreward"}, {"start": "00:09:41", "end": "00:09:48", "text": "and it's logical riskreward. Risking"}, {"start": "00:09:44", "end": "00:09:51", "text": "three $4 for to make 20 or 30 is a good"}, {"start": "00:09:48", "end": "00:09:54", "text": "trade, right? Going short now at 68"}, {"start": "00:09:51", "end": "00:09:55", "text": "looking for 60 is not a good trade."}, {"start": "00:09:54", "end": "00:09:57", "text": ">> Oh, I see what you mean."}, {"start": "00:09:55", "end": "00:09:59", "text": ">> You see what I mean? So that's,"}, {"start": "00:09:57", "end": "00:10:00", "text": ">> you know, that's a sort of Uncle Zack"}, {"start": "00:09:59", "end": "00:10:02", "text": "thing to say to them."}, {"start": "00:10:00", "end": "00:10:03", "text": ">> Absolutely. Absolutely. Yeah. Uh one"}, {"start": "00:10:02", "end": "00:10:04", "text": "thing I want to mention before we"}, {"start": "00:10:03", "end": "00:10:07", "text": "continue is this that um when this"}, {"start": "00:10:04", "end": "00:10:09", "text": "initial drop occurred, one thing that uh"}, {"start": "00:10:07", "end": "00:10:10", "text": "I mentioned back in also in the member"}, {"start": "00:10:09", "end": "00:10:12", "text": "videos was this initial drop as a"}, {"start": "00:10:10", "end": "00:10:15", "text": "fivewave decline, a fivewave impulsive"}, {"start": "00:10:12", "end": "00:10:17", "text": "decline here. And because the rally then"}, {"start": "00:10:15", "end": "00:10:19", "text": "obviously was looking corrective, a"}, {"start": "00:10:17", "end": "00:10:21", "text": "three-wave decline, it made it even more"}, {"start": "00:10:19", "end": "00:10:23", "text": "obvious and more likely that this indeed"}, {"start": "00:10:21", "end": "00:10:25", "text": "was eventually would eventually"}, {"start": "00:10:23", "end": "00:10:28", "text": ">> in fact in fact in fact that that"}, {"start": "00:10:25", "end": "00:10:32", "text": "February peak was a a bull trap through"}, {"start": "00:10:28", "end": "00:10:34", "text": "the previous by about $5. let's say $5."}, {"start": "00:10:32", "end": "00:10:39", "text": "And what you can have is a in this case"}, {"start": "00:10:34", "end": "00:10:41", "text": "we we may have a bear trap rebound of $5"}, {"start": "00:10:39", "end": "00:10:45", "text": "below the February low. So it's it's a"}, {"start": "00:10:41", "end": "00:10:47", "text": "mirror image um bull trap bear trap,"}, {"start": "00:10:45", "end": "00:10:49", "text": "right? And that is also a thing. So"}, {"start": "00:10:47", "end": "00:10:51", "text": "there, you know, I've obviously looked"}, {"start": "00:10:49", "end": "00:10:53", "text": "at this for a long time. That is also a"}, {"start": "00:10:51", "end": "00:10:55", "text": "thing there that you have mirror image"}, {"start": "00:10:53", "end": "00:10:57", "text": "bull trap. So bull bull trap by $5 and a"}, {"start": "00:10:55", "end": "00:11:00", "text": "bear trap by $5. And I think the other"}, {"start": "00:10:57", "end": "00:11:02", "text": "thing with that chart anyway is that you"}, {"start": "00:11:00", "end": "00:11:04", "text": "know up to January it was literally like"}, {"start": "00:11:02", "end": "00:11:08", "text": "falling off a log uh being long of"}, {"start": "00:11:04", "end": "00:11:10", "text": "silver. Once the rugpulls and the"}, {"start": "00:11:08", "end": "00:11:12", "text": "volatility and everything else starts"}, {"start": "00:11:10", "end": "00:11:15", "text": "kicking in you if you're long you really"}, {"start": "00:11:12", "end": "00:11:17", "text": "should be thinking of saying oh it's 80"}, {"start": "00:11:15", "end": "00:11:20", "text": "or it's 90 I got in at 40. It's time to"}, {"start": "00:11:17", "end": "00:11:22", "text": "go. So that rugfall start to say well"}, {"start": "00:11:20", "end": "00:11:24", "text": "actually we we don't like you and we"}, {"start": "00:11:22", "end": "00:11:24", "text": "don't want you in this market anymore."}, {"start": "00:11:24", "end": "00:11:26", "text": "Mhm."}, {"start": "00:11:24", "end": "00:11:28", "text": ">> which is what which is what happened in"}, {"start": "00:11:26", "end": "00:11:31", "text": "gold as well, right? And it gets that,"}, {"start": "00:11:28", "end": "00:11:32", "text": "you know, the party's over and it's not"}, {"start": "00:11:31", "end": "00:11:34", "text": "going to, you know, it's not going to be"}, {"start": "00:11:32", "end": "00:11:35", "text": "it's like there's a punch up at the end"}, {"start": "00:11:34", "end": "00:11:37", "text": "of a party, right? People, you know,"}, {"start": "00:11:35", "end": "00:11:40", "text": "some people just have too much to drink"}, {"start": "00:11:37", "end": "00:11:42", "text": "and uh and they start punch. So, so, but"}, {"start": "00:11:40", "end": "00:11:44", "text": "I think that the the exciting thing with"}, {"start": "00:11:42", "end": "00:11:46", "text": "this chart is that if we are if we've"}, {"start": "00:11:44", "end": "00:11:49", "text": "had a bear trap from below that February"}, {"start": "00:11:46", "end": "00:11:51", "text": "low, it's it's it's quite exciting."}, {"start": "00:11:49", "end": "00:11:52", "text": ">> Yes. I mean, certainly I'd love a false"}, {"start": "00:11:51", "end": "00:11:54", "text": "break or bear trap. That would be great."}, {"start": "00:11:52", "end": "00:11:55", "text": "I agree with you. I mean just the last"}, {"start": "00:11:54", "end": "00:11:57", "text": "thing I want to say about this chart of"}, {"start": "00:11:55", "end": "00:11:59", "text": "silver from my point of view I'm not as"}, {"start": "00:11:57", "end": "00:12:02", "text": "yet convinced that we've reached the"}, {"start": "00:11:59", "end": "00:12:05", "text": "bottom here. Uh but Zach also could be"}, {"start": "00:12:02", "end": "00:12:08", "text": "correct. I mean u Zach for you what"}, {"start": "00:12:05", "end": "00:12:09", "text": "would have to happen on silver as a"}, {"start": "00:12:08", "end": "00:12:11", "text": "level of resistance to show you know"}, {"start": "00:12:09", "end": "00:12:15", "text": "what that it might have bottomed here."}, {"start": "00:12:11", "end": "00:12:17", "text": ">> I'm just going by that 64 low"}, {"start": "00:12:15", "end": "00:12:19", "text": "there when it's a weak that's it. I mean"}, {"start": "00:12:17", "end": "00:12:22", "text": "that's for me that's a much easier one"}, {"start": "00:12:19", "end": "00:12:23", "text": "and it's that's what you're using the"}, {"start": "00:12:22", "end": "00:12:26", "text": "chart for. It's a bit like in the"}, {"start": "00:12:23", "end": "00:12:28", "text": "beginning of this month when silver went"}, {"start": "00:12:26", "end": "00:12:31", "text": "through 90 and then you had an end of"}, {"start": "00:12:28", "end": "00:12:33", "text": "day close back below 90 and then another"}, {"start": "00:12:31", "end": "00:12:34", "text": "one. It's like okay this is a bull trap"}, {"start": "00:12:33", "end": "00:12:36", "text": "through 90."}, {"start": "00:12:34", "end": "00:12:38", "text": ">> Last question on silver. Uh Zach as as I"}, {"start": "00:12:36", "end": "00:12:41", "text": "asked you with gold. Uh, do you think"}, {"start": "00:12:38", "end": "00:12:43", "text": "this drop here is a temporary correction"}, {"start": "00:12:41", "end": "00:12:46", "text": "before we go to new all-time highs this"}, {"start": "00:12:43", "end": "00:12:47", "text": "year in 2026? Or do you have the same"}, {"start": "00:12:46", "end": "00:12:49", "text": "view that you have on gold that perhaps"}, {"start": "00:12:47", "end": "00:12:51", "text": "we could be stuck in some kind of a"}, {"start": "00:12:49", "end": "00:12:53", "text": "consolidation for some time and even"}, {"start": "00:12:51", "end": "00:12:55", "text": "perhaps a top a long-term top for some"}, {"start": "00:12:53", "end": "00:12:57", "text": "years? Which scenario for you is more"}, {"start": "00:12:55", "end": "00:12:59", "text": "likely? New highs this year or"}, {"start": "00:12:57", "end": "00:13:01", "text": "consolidation with maybe even a"}, {"start": "00:12:59", "end": "00:13:03", "text": "long-term top? I think, you know, 70 to"}, {"start": "00:13:01", "end": "00:13:05", "text": "90s, you know, or 70s to, you know, 70s"}, {"start": "00:13:03", "end": "00:13:08", "text": "to the 90s is is what I'd be looking"}, {"start": "00:13:05", "end": "00:13:09", "text": "for, which I think people be quite happy"}, {"start": "00:13:08", "end": "00:13:10", "text": "with, you know. So, that's"}, {"start": "00:13:09", "end": "00:13:12", "text": ">> giving a range between"}, {"start": "00:13:10", "end": "00:13:13", "text": ">> Yeah. a range. Yeah. Consolidation"}, {"start": "00:13:12", "end": "00:13:15", "text": "range. I think if you look at all the"}, {"start": "00:13:13", "end": "00:13:17", "text": "other peaks, uh, all the other major"}, {"start": "00:13:15", "end": "00:13:19", "text": "peaks, they haven't been beaten during"}, {"start": "00:13:17", "end": "00:13:20", "text": "the consolidation. So, I've looked at"}, {"start": "00:13:19", "end": "00:13:22", "text": "that both on, you know, Thank you. It's"}, {"start": "00:13:20", "end": "00:13:24", "text": "like, you know, you're helping me here."}, {"start": "00:13:22", "end": "00:13:26", "text": "um that that if you look back, you know,"}, {"start": "00:13:24", "end": "00:13:28", "text": "when when you've had a major peak, it it"}, {"start": "00:13:26", "end": "00:13:31", "text": "never it never it didn't get through"}, {"start": "00:13:28", "end": "00:13:33", "text": "that peak again until it was making a"}, {"start": "00:13:31", "end": "00:13:34", "text": "new record peak. So, I don't know why"}, {"start": "00:13:33", "end": "00:13:36", "text": "that happens like that, but it's"}, {"start": "00:13:34", "end": "00:13:39", "text": "happened that it happened like that on"}, {"start": "00:13:36", "end": "00:13:39", "text": "gold and uh silver. And interesting that"}, {"start": "00:13:39", "end": "00:13:41", "text": "it does that."}, {"start": "00:13:39", "end": "00:13:42", "text": ">> Thank you very much indeed, Zach. I"}, {"start": "00:13:41", "end": "00:13:44", "text": "really appreciate uh you being our guest"}, {"start": "00:13:42", "end": "00:13:46", "text": "today in this video. Guys, make sure you"}, {"start": "00:13:44", "end": "00:13:48", "text": "follow Zack on his ex. I'll put the link"}, {"start": "00:13:46", "end": "00:13:50", "text": "for you guys. Go to Zack's Traders Cafe."}, {"start": "00:13:48", "end": "00:13:52", "text": "Follow him there and the link is in the"}, {"start": "00:13:50", "end": "00:13:54", "text": "description. And also guys, check out my"}, {"start": "00:13:52", "end": "00:13:56", "text": "member videos with full analysis with"}, {"start": "00:13:54", "end": "00:13:58", "text": "Elliot waves on the chart of gold and"}, {"start": "00:13:56", "end": "00:14:01", "text": "silver. And the link for that is also in"}, {"start": "00:13:58", "end": "00:14:01", "text": "the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Some of the reason why the the pullback"}, {"start": "00:00:02", "end": "00:00:06", "text": "has probably been greater because it was"}, {"start": "00:00:03", "end": "00:00:07", "text": "a crowded trade. So crowded trade is a a"}, {"start": "00:00:06", "end": "00:00:10", "text": "very well-known phenomena. Everyone in"}, {"start": "00:00:07", "end": "00:00:12", "text": "their mother everyone was already long"}, {"start": "00:00:10", "end": "00:00:13", "text": "and then oh there's going to be war next"}, {"start": "00:00:12", "end": "00:00:15", "text": "Thursday. Okay, we're going to go even"}, {"start": "00:00:13", "end": "00:00:15", "text": "longer. You know, it was that kind of"}, {"start": "00:00:15", "end": "00:00:17", "text": "thing."}, {"start": "00:00:15", "end": "00:00:18", "text": ">> There was nobody else. There was no no"}, {"start": "00:00:17", "end": "00:00:20", "text": "one left to buy."}, {"start": "00:00:18", "end": "00:00:22", "text": ">> Exactly. My personal view is that I"}, {"start": "00:00:20", "end": "00:00:24", "text": "don't think at the moment I don't think"}, {"start": "00:00:22", "end": "00:00:27", "text": "gold necessarily has bottomed just yet."}, {"start": "00:00:24", "end": "00:00:28", "text": "the 200 day line, the green line was was"}, {"start": "00:00:27", "end": "00:00:30", "text": "an obvious one that should be a magnet"}, {"start": "00:00:28", "end": "00:00:33", "text": "for the for the the price. If you're"}, {"start": "00:00:30", "end": "00:00:36", "text": "pushing me, probably I would say the"}, {"start": "00:00:33", "end": "00:00:38", "text": "lower scenario is the one that I think"}, {"start": "00:00:36", "end": "00:00:40", "text": "would make gold appealing as well."}, {"start": "00:00:38", "end": "00:00:42", "text": ">> There is also a risk that gold may have"}, {"start": "00:00:40", "end": "00:00:43", "text": "topped. All right, guys. Hello and"}, {"start": "00:00:42", "end": "00:00:46", "text": "welcome. We're honored to have our"}, {"start": "00:00:43", "end": "00:00:48", "text": "special guest and analyst trader Zach"}, {"start": "00:00:46", "end": "00:00:50", "text": "Mir and you've seen him before and it's"}, {"start": "00:00:48", "end": "00:00:52", "text": "great to have him back especially in"}, {"start": "00:00:50", "end": "00:00:54", "text": "this current market situation with gold"}, {"start": "00:00:52", "end": "00:00:56", "text": "and silver plummeting. something which"}, {"start": "00:00:54", "end": "00:00:57", "text": "by the way we had expected Zach I think"}, {"start": "00:00:56", "end": "00:00:59", "text": "is one of the best people to talk about"}, {"start": "00:00:57", "end": "00:01:01", "text": "this Zach Mir is probably the pioneer of"}, {"start": "00:00:59", "end": "00:01:03", "text": "chart analysis I mean Zach's been using"}, {"start": "00:01:01", "end": "00:01:05", "text": "the charts way before a lot of the"}, {"start": "00:01:03", "end": "00:01:06", "text": "people today are using it so in my view"}, {"start": "00:01:05", "end": "00:01:08", "text": "is one of the best technical analysts"}, {"start": "00:01:06", "end": "00:01:09", "text": "out there and I also value his opinion"}, {"start": "00:01:08", "end": "00:01:11", "text": "especially when it comes to certain"}, {"start": "00:01:09", "end": "00:01:12", "text": "markets like gold and silver how you"}, {"start": "00:01:11", "end": "00:01:13", "text": "doing by the way you well"}, {"start": "00:01:12", "end": "00:01:15", "text": ">> I'm doing very well I I was I was"}, {"start": "00:01:13", "end": "00:01:19", "text": "thinking of my hero William Shatner who"}, {"start": "00:01:15", "end": "00:01:22", "text": "was 95 yesterday and he boldly he boldly"}, {"start": "00:01:19", "end": "00:01:23", "text": "went where no no man or no person went"}, {"start": "00:01:22", "end": "00:01:24", "text": "before and I think I've done the same"}, {"start": "00:01:23", "end": "00:01:26", "text": "with charting. I think we've got a lot"}, {"start": "00:01:24", "end": "00:01:28", "text": "of similarities there. Markets have"}, {"start": "00:01:26", "end": "00:01:31", "text": "really moved since we last spoke. Gold"}, {"start": "00:01:28", "end": "00:01:33", "text": "and silver have particularly been maybe"}, {"start": "00:01:31", "end": "00:01:34", "text": "counterintuitive, which is is always a"}, {"start": "00:01:33", "end": "00:01:36", "text": "good time to talk about these things."}, {"start": "00:01:34", "end": "00:01:37", "text": ">> Zach, if you don't mind, just for the"}, {"start": "00:01:36", "end": "00:01:39", "text": "benefit of our viewers, I want to put"}, {"start": "00:01:37", "end": "00:01:40", "text": "everything into context. I'll just take"}, {"start": "00:01:39", "end": "00:01:43", "text": "a couple of minutes if that's okay with"}, {"start": "00:01:40", "end": "00:01:45", "text": "you. So guys, first of all, some of you"}, {"start": "00:01:43", "end": "00:01:47", "text": "probably know that I've been warning"}, {"start": "00:01:45", "end": "00:01:48", "text": "about this drop in gold and silver,"}, {"start": "00:01:47", "end": "00:01:49", "text": "especially watching if you've been"}, {"start": "00:01:48", "end": "00:01:51", "text": "watching my member videos. I've been"}, {"start": "00:01:49", "end": "00:01:53", "text": "warning about this drop for some time"}, {"start": "00:01:51", "end": "00:01:54", "text": "based on a larger ABC pattern. I'll put"}, {"start": "00:01:53", "end": "00:01:56", "text": "a few clips here so you can actually see"}, {"start": "00:01:54", "end": "00:01:59", "text": "it. Usually, when price extends beyond a"}, {"start": "00:01:56", "end": "00:02:01", "text": "certain percentage beyond this 200 daily"}, {"start": "00:01:59", "end": "00:02:03", "text": "moving average, that typically indicates"}, {"start": "00:02:01", "end": "00:02:05", "text": "extreme overstretch and overbought"}, {"start": "00:02:03", "end": "00:02:08", "text": "conditions, which usually precedes a"}, {"start": "00:02:05", "end": "00:02:10", "text": "major retracement and correction. I"}, {"start": "00:02:08", "end": "00:02:12", "text": "think that the parabolic stage of gold"}, {"start": "00:02:10", "end": "00:02:13", "text": "has ended and that we're potentially"}, {"start": "00:02:12", "end": "00:02:15", "text": "going through a consolidation and"}, {"start": "00:02:13", "end": "00:02:17", "text": "pullback phase, a corrective phase"}, {"start": "00:02:15", "end": "00:02:19", "text": "likely towards the average here uh"}, {"start": "00:02:17", "end": "00:02:20", "text": "towards 4,000. And by breaking the"}, {"start": "00:02:19", "end": "00:02:22", "text": "support here, that would increase"}, {"start": "00:02:20", "end": "00:02:26", "text": "downside risk for a potential C-wave"}, {"start": "00:02:22", "end": "00:02:28", "text": "decline into this region here. But it's"}, {"start": "00:02:26", "end": "00:02:30", "text": "also probable the C-wave could extend"}, {"start": "00:02:28", "end": "00:02:32", "text": "into the 200 simple moving average here,"}, {"start": "00:02:30", "end": "00:02:34", "text": "that green line that we see we have"}, {"start": "00:02:32", "end": "00:02:36", "text": "there on the chart. So the green line is"}, {"start": "00:02:34", "end": "00:02:38", "text": "approximately 4,000 overbought"}, {"start": "00:02:36", "end": "00:02:40", "text": "conditions with the RSI as we can see"}, {"start": "00:02:38", "end": "00:02:41", "text": "here with acceleration extremes again"}, {"start": "00:02:40", "end": "00:02:43", "text": "the red acceleration extremes which"}, {"start": "00:02:41", "end": "00:02:46", "text": "typically indicate extremely overbought"}, {"start": "00:02:43", "end": "00:02:48", "text": "overstretch conditions and now with the"}, {"start": "00:02:46", "end": "00:02:50", "text": "breakdown of support the likely Bwave"}, {"start": "00:02:48", "end": "00:02:52", "text": "which is increased in probability and"}, {"start": "00:02:50", "end": "00:02:55", "text": "the likely C-wave decline into this"}, {"start": "00:02:52", "end": "00:02:57", "text": "support region which could take us in"}, {"start": "00:02:55", "end": "00:03:00", "text": "the next several weeks into the region"}, {"start": "00:02:57", "end": "00:03:02", "text": "between 4,219 to 4,000. Okay guys, so as"}, {"start": "00:03:00", "end": "00:03:04", "text": "you saw uh when gold was rallying, we"}, {"start": "00:03:02", "end": "00:03:06", "text": "warned for one thing about the extreme"}, {"start": "00:03:04", "end": "00:03:07", "text": "overbought conditions on gold on the"}, {"start": "00:03:06", "end": "00:03:09", "text": "higher time frames, which I'll talk"}, {"start": "00:03:07", "end": "00:03:11", "text": "about again with with Zach. When these"}, {"start": "00:03:09", "end": "00:03:13", "text": "acceleration extremes occur on the"}, {"start": "00:03:11", "end": "00:03:15", "text": "higher time frames, we usually see"}, {"start": "00:03:13", "end": "00:03:17", "text": "strong pullbacks like we've seen so far."}, {"start": "00:03:15", "end": "00:03:18", "text": "By the way, it's possible some of you"}, {"start": "00:03:17", "end": "00:03:19", "text": "are going to say to me in the comment"}, {"start": "00:03:18", "end": "00:03:22", "text": "section, hey Allesio, you were"}, {"start": "00:03:19", "end": "00:03:24", "text": "absolutely wrong when you thought that"}, {"start": "00:03:22", "end": "00:03:26", "text": "gold had topped uh back last year. First"}, {"start": "00:03:24", "end": "00:03:28", "text": "of all, guys, it is true that at the"}, {"start": "00:03:26", "end": "00:03:30", "text": "time back about a year ago, I was"}, {"start": "00:03:28", "end": "00:03:32", "text": "expecting gold to have a much deeper"}, {"start": "00:03:30", "end": "00:03:34", "text": "pullback and correction. But when gold"}, {"start": "00:03:32", "end": "00:03:36", "text": "broke out of the prior highs that it"}, {"start": "00:03:34", "end": "00:03:39", "text": "had, I actually warned that we could see"}, {"start": "00:03:36", "end": "00:03:40", "text": "much higher prices. A break above the"}, {"start": "00:03:39", "end": "00:03:42", "text": "triangle formation, especially a move"}, {"start": "00:03:40", "end": "00:03:44", "text": "above resistance, could increase the"}, {"start": "00:03:42", "end": "00:03:47", "text": "likelihood that it's getting ready for a"}, {"start": "00:03:44", "end": "00:03:49", "text": "rally to next upper levels. And that"}, {"start": "00:03:47", "end": "00:03:50", "text": "seems to be what gold is doing right"}, {"start": "00:03:49", "end": "00:03:52", "text": "now. And because of this breakout above"}, {"start": "00:03:50", "end": "00:03:54", "text": "the October highs, this seems to be now"}, {"start": "00:03:52", "end": "00:03:58", "text": "the wave five. So, this wave five could"}, {"start": "00:03:54", "end": "00:04:00", "text": "extend potentially 45,550 to 4,700 and"}, {"start": "00:03:58", "end": "00:04:02", "text": "potentially even to 5,000. And of"}, {"start": "00:04:00", "end": "00:04:04", "text": "course, as gold rallied and hit extreme"}, {"start": "00:04:02", "end": "00:04:06", "text": "overbought conditions, we warned about a"}, {"start": "00:04:04", "end": "00:04:08", "text": "potential correction again. Okay, let's"}, {"start": "00:04:06", "end": "00:04:09", "text": "go now to Zach. Of course, in this"}, {"start": "00:04:08", "end": "00:04:11", "text": "video, I'll discuss with Zach whether he"}, {"start": "00:04:09", "end": "00:04:13", "text": "thinks that gold have topped for the"}, {"start": "00:04:11", "end": "00:04:15", "text": "long term or whether this is a"}, {"start": "00:04:13", "end": "00:04:16", "text": "correction to be later followed by"}, {"start": "00:04:15", "end": "00:04:18", "text": "another rally to new highs. Which one is"}, {"start": "00:04:16", "end": "00:04:19", "text": "more likely? First of all, brilliant"}, {"start": "00:04:18", "end": "00:04:21", "text": "call that you made last year, Zach. I"}, {"start": "00:04:19", "end": "00:04:23", "text": "want to congratulate you because we"}, {"start": "00:04:21", "end": "00:04:24", "text": "actually did a video together which I'll"}, {"start": "00:04:23", "end": "00:04:27", "text": "put on YouTube as well where you"}, {"start": "00:04:24", "end": "00:04:28", "text": "correctly saw a much bigger rally"}, {"start": "00:04:27", "end": "00:04:31", "text": "coming."}, {"start": "00:04:28", "end": "00:04:35", "text": ">> I think gold is having its Bitcoin 2017"}, {"start": "00:04:31", "end": "00:04:37", "text": "moment and um on that basis 3,800 by the"}, {"start": "00:04:35", "end": "00:04:40", "text": "end of next month and then you know"}, {"start": "00:04:37", "end": "00:04:42", "text": "maybe 5,000 by the end of the year."}, {"start": "00:04:40", "end": "00:04:42", "text": "Yeah, really really bullish on the whole"}, {"start": "00:04:42", "end": "00:04:45", "text": "on the whole thing."}, {"start": "00:04:42", "end": "00:04:46", "text": ">> So well done to you Zach. And how do you"}, {"start": "00:04:45", "end": "00:04:48", "text": "see the situation right now? For"}, {"start": "00:04:46", "end": "00:04:50", "text": "example, Zach, many people are saying"}, {"start": "00:04:48", "end": "00:04:52", "text": "how can gold be dropping when you have"}, {"start": "00:04:50", "end": "00:04:54", "text": "the war situation with Iran. Can you"}, {"start": "00:04:52", "end": "00:04:54", "text": "briefly just talk about that and uh then"}, {"start": "00:04:54", "end": "00:04:56", "text": "we go into the charts."}, {"start": "00:04:54", "end": "00:05:01", "text": ">> Uh I think the uh the first thing to say"}, {"start": "00:04:56", "end": "00:05:03", "text": "is that uh yes uh gold did go up and uh"}, {"start": "00:05:01", "end": "00:05:04", "text": "probably went much higher than it was"}, {"start": "00:05:03", "end": "00:05:06", "text": "going to people thought it was going to"}, {"start": "00:05:04", "end": "00:05:09", "text": "go to. that the reason for that was that"}, {"start": "00:05:06", "end": "00:05:11", "text": "it was spent it spent like 10 12 years"}, {"start": "00:05:09", "end": "00:05:15", "text": "at least a decade in a range between"}, {"start": "00:05:11", "end": "00:05:18", "text": "let's say 1,500 and 20 and 2500 or 1,200"}, {"start": "00:05:15", "end": "00:05:20", "text": "and 2200 whatever it was. You don't have"}, {"start": "00:05:18", "end": "00:05:22", "text": "a breakout uh a sort of a massive"}, {"start": "00:05:20", "end": "00:05:24", "text": "breakout like that and then just go back"}, {"start": "00:05:22", "end": "00:05:27", "text": "in again back to the range. You will"}, {"start": "00:05:24", "end": "00:05:29", "text": "have a a breakout of two to three times"}, {"start": "00:05:27", "end": "00:05:31", "text": "normally whatever the range was. So say"}, {"start": "00:05:29", "end": "00:05:34", "text": "the range was $1,000, we actually had a"}, {"start": "00:05:31", "end": "00:05:36", "text": "breakout of about $3,000. for two to"}, {"start": "00:05:34", "end": "00:05:38", "text": "three times the previous range. So that"}, {"start": "00:05:36", "end": "00:05:41", "text": "tends to happen whether it's a stock or"}, {"start": "00:05:38", "end": "00:05:45", "text": "a metal or whatever it is. I think the"}, {"start": "00:05:41", "end": "00:05:48", "text": "days of 1500 2500 gold are gone uh"}, {"start": "00:05:45", "end": "00:05:50", "text": "touchwood. Um in terms of um the the"}, {"start": "00:05:48", "end": "00:05:53", "text": "most the most interesting part though is"}, {"start": "00:05:50", "end": "00:05:56", "text": "actually the way that uh we had a big"}, {"start": "00:05:53", "end": "00:05:58", "text": "buildup to the Iran uh issue um at the"}, {"start": "00:05:56", "end": "00:06:00", "text": "end of last month. Some of the reason"}, {"start": "00:05:58", "end": "00:06:01", "text": "why the the pullback has probably been"}, {"start": "00:06:00", "end": "00:06:04", "text": "greater because it was a crowded trade."}, {"start": "00:06:01", "end": "00:06:06", "text": "So crowd of trade is a a very well-known"}, {"start": "00:06:04", "end": "00:06:08", "text": "phenomen everyone in their mother"}, {"start": "00:06:06", "end": "00:06:10", "text": "everyone was already long and then oh"}, {"start": "00:06:08", "end": "00:06:11", "text": "there's going to be war next Thursday"}, {"start": "00:06:10", "end": "00:06:13", "text": "okay we're going to go even longer you"}, {"start": "00:06:11", "end": "00:06:16", "text": "know it was that kind of thing and and"}, {"start": "00:06:13", "end": "00:06:17", "text": "the point there was actually that there"}, {"start": "00:06:16", "end": "00:06:18", "text": "was nobody else there was no no one left"}, {"start": "00:06:17", "end": "00:06:19", "text": "to buy"}, {"start": "00:06:18", "end": "00:06:21", "text": ">> exactly"}, {"start": "00:06:19", "end": "00:06:22", "text": ">> on that one so crowded trade means that"}, {"start": "00:06:21", "end": "00:06:24", "text": "uh we're in a panic situation at the"}, {"start": "00:06:22", "end": "00:06:26", "text": "moment we really are in a panic"}, {"start": "00:06:24", "end": "00:06:28", "text": "situation at the moment and uh if you've"}, {"start": "00:06:26", "end": "00:06:30", "text": "you know made money on gold or your"}, {"start": "00:06:28", "end": "00:06:32", "text": "stock market holdings are falling or"}, {"start": "00:06:30", "end": "00:06:34", "text": "bitcoin holdings are falling Well, at"}, {"start": "00:06:32", "end": "00:06:35", "text": "least you've got some money to pay the"}, {"start": "00:06:34", "end": "00:06:36", "text": "mortgage in gold."}, {"start": "00:06:35", "end": "00:06:38", "text": ">> By the way, Zach, just one more thing I"}, {"start": "00:06:36", "end": "00:06:40", "text": "want to mention is that I've often"}, {"start": "00:06:38", "end": "00:06:42", "text": "mentioned this in my own videos, which"}, {"start": "00:06:40", "end": "00:06:44", "text": "is that my view is that the markets are"}, {"start": "00:06:42", "end": "00:06:45", "text": "simply not logical. They don't make"}, {"start": "00:06:44", "end": "00:06:48", "text": "common sense because the markets are"}, {"start": "00:06:45", "end": "00:06:51", "text": "nonlinear and chaotic and unpredictable."}, {"start": "00:06:48", "end": "00:06:54", "text": "That is also one other reason why often"}, {"start": "00:06:51", "end": "00:06:55", "text": "we don't see uh the markets, whether"}, {"start": "00:06:54", "end": "00:06:57", "text": "it's stock markets, gold or bitcoin,"}, {"start": "00:06:55", "end": "00:06:59", "text": "they don't have to follow logical common"}, {"start": "00:06:57", "end": "00:07:01", "text": "sense. So, Zach, as we can see here,"}, {"start": "00:06:59", "end": "00:07:04", "text": "we've seen a tremendous decline. Again,"}, {"start": "00:07:01", "end": "00:07:05", "text": "as expected, uh we were looking for a"}, {"start": "00:07:04", "end": "00:07:08", "text": "decline, which by the way, I've"}, {"start": "00:07:05", "end": "00:07:10", "text": "mentioned this before that in my view,"}, {"start": "00:07:08", "end": "00:07:14", "text": "this is a probable ABC pattern. Other"}, {"start": "00:07:10", "end": "00:07:15", "text": "words, the likely Awave down, Bwave, and"}, {"start": "00:07:14", "end": "00:07:17", "text": "I think you agreed with me back at the"}, {"start": "00:07:15", "end": "00:07:19", "text": "time that this is a likely ABC pattern"}, {"start": "00:07:17", "end": "00:07:20", "text": "as well, a potential Bwave to be"}, {"start": "00:07:19", "end": "00:07:22", "text": "followed by a C-wave. So, I think both"}, {"start": "00:07:20", "end": "00:07:25", "text": "of us were more or less in agreement"}, {"start": "00:07:22", "end": "00:07:27", "text": "about this ABC pattern and a likely"}, {"start": "00:07:25", "end": "00:07:31", "text": "drop. What I would like to get from you"}, {"start": "00:07:27", "end": "00:07:34", "text": "though is first of all, do you think"}, {"start": "00:07:31", "end": "00:07:37", "text": "gold is approaching a potential low soon"}, {"start": "00:07:34", "end": "00:07:38", "text": "for a rebound or a bounce? My personal"}, {"start": "00:07:37", "end": "00:07:40", "text": "view is that I don't think at the"}, {"start": "00:07:38", "end": "00:07:42", "text": "moment, as I'm making this video today"}, {"start": "00:07:40", "end": "00:07:45", "text": "on Monday, I don't think gold"}, {"start": "00:07:42", "end": "00:07:47", "text": "necessarily has bottomed just yet. When"}, {"start": "00:07:45", "end": "00:07:49", "text": "I say bottomed, I mean before a much"}, {"start": "00:07:47", "end": "00:07:51", "text": "bigger bounce. Uh I mean, there's been a"}, {"start": "00:07:49", "end": "00:07:54", "text": "bounce today, but I actually think there"}, {"start": "00:07:51", "end": "00:07:55", "text": "could be another retest of that low in"}, {"start": "00:07:54", "end": "00:07:57", "text": "my personal view. I'll explain why in"}, {"start": "00:07:55", "end": "00:07:59", "text": "just a few minutes, but I want to get"}, {"start": "00:07:57", "end": "00:08:02", "text": "your view first. It's interesting, Zach,"}, {"start": "00:07:59", "end": "00:08:03", "text": "that one of the things um that gold has"}, {"start": "00:08:02", "end": "00:08:05", "text": "done, which I was expecting as well. I"}, {"start": "00:08:03", "end": "00:08:07", "text": "was really hoping for this, was that"}, {"start": "00:08:05", "end": "00:08:09", "text": "gold would come and test at 200 simple"}, {"start": "00:08:07", "end": "00:08:12", "text": "moving average, the green line on the"}, {"start": "00:08:09", "end": "00:08:14", "text": "chart, which is almost the level that"}, {"start": "00:08:12", "end": "00:08:16", "text": "gold dropped down to uh today on Monday."}, {"start": "00:08:14", "end": "00:08:18", "text": "But let's get your view now."}, {"start": "00:08:16", "end": "00:08:20", "text": ">> Yeah. So, basically, I think in terms of"}, {"start": "00:08:18", "end": "00:08:21", "text": "trying to find the floor here, the 200"}, {"start": "00:08:20", "end": "00:08:23", "text": "day line, the green line was was an"}, {"start": "00:08:21", "end": "00:08:26", "text": "obvious one. that should be a magnet for"}, {"start": "00:08:23", "end": "00:08:28", "text": "the for the the price. Uh so whether you"}, {"start": "00:08:26", "end": "00:08:29", "text": "think that the worst is over or not,"}, {"start": "00:08:28", "end": "00:08:32", "text": "it's almost certain that we would get"}, {"start": "00:08:29", "end": "00:08:33", "text": "down to that. I looked on the chart"}, {"start": "00:08:32", "end": "00:08:35", "text": "earlier on and I don't think we've been"}, {"start": "00:08:33", "end": "00:08:37", "text": "below the 200 day line since uh I don't"}, {"start": "00:08:35", "end": "00:08:39", "text": "know like the end of 23 or 24 or"}, {"start": "00:08:37", "end": "00:08:41", "text": "something like that some I mean like"}, {"start": "00:08:39", "end": "00:08:43", "text": "long long time."}, {"start": "00:08:41", "end": "00:08:44", "text": ">> Um I think that everyone in their mother"}, {"start": "00:08:43", "end": "00:08:47", "text": "would have drawn the white line that"}, {"start": "00:08:44", "end": "00:08:50", "text": "you've drawn there which is around which"}, {"start": "00:08:47", "end": "00:08:52", "text": "is around 3,900 and uh just to make sure"}, {"start": "00:08:50", "end": "00:08:54", "text": "that it's not that easy. So, uh,"}, {"start": "00:08:52", "end": "00:08:56", "text": "basically here you've got, you know, you"}, {"start": "00:08:54", "end": "00:08:58", "text": "had a big fall, you caught people on the"}, {"start": "00:08:56", "end": "00:09:00", "text": "hop. Uh, the obvious place with such a a"}, {"start": "00:08:58", "end": "00:09:03", "text": "rugpull, uh, which is obviously is a"}, {"start": "00:09:00", "end": "00:09:05", "text": "rugpull, would be the 200 day line. So,"}, {"start": "00:09:03", "end": "00:09:07", "text": "that I would assume would be a magnet"}, {"start": "00:09:05", "end": "00:09:09", "text": "for the price action over coming days."}, {"start": "00:09:07", "end": "00:09:12", "text": "Even if the fundamentals diverge from"}, {"start": "00:09:09", "end": "00:09:14", "text": "from that, let's say, you know, the"}, {"start": "00:09:12", "end": "00:09:16", "text": "dollar dollar is uh there's an interest"}, {"start": "00:09:14", "end": "00:09:17", "text": "rate cut or something like that, it"}, {"start": "00:09:16", "end": "00:09:19", "text": "would still have to go down to that"}, {"start": "00:09:17", "end": "00:09:22", "text": "area. The whole point of the market here"}, {"start": "00:09:19", "end": "00:09:23", "text": "is to catch people on the hop. uh those"}, {"start": "00:09:22", "end": "00:09:25", "text": "who will buy at the 200 day line will be"}, {"start": "00:09:23", "end": "00:09:27", "text": "will be you know most likely stocked"}, {"start": "00:09:25", "end": "00:09:31", "text": "out. Those who buy on the white line"}, {"start": "00:09:27", "end": "00:09:33", "text": "3,900 also. So I'm I'm thinking 30 37"}, {"start": "00:09:31", "end": "00:09:35", "text": "3,800 probably is the the low on this"}, {"start": "00:09:33", "end": "00:09:37", "text": "move just just if it was not gold and we"}, {"start": "00:09:35", "end": "00:09:39", "text": "were not in a sort of chaotic situation."}, {"start": "00:09:37", "end": "00:09:41", "text": "Probably just a little bit of an"}, {"start": "00:09:39", "end": "00:09:42", "text": "overshoot to the downside. Obviously"}, {"start": "00:09:41", "end": "00:09:44", "text": "there is the other thing which would"}, {"start": "00:09:42", "end": "00:09:47", "text": "catch people out is if we bounced above"}, {"start": "00:09:44", "end": "00:09:50", "text": "the 200 day line. um that can happen and"}, {"start": "00:09:47", "end": "00:09:53", "text": "that would be a strong buy signal but or"}, {"start": "00:09:50", "end": "00:09:55", "text": "a strong signal of strength not buy"}, {"start": "00:09:53", "end": "00:09:57", "text": "signal um but that would be something"}, {"start": "00:09:55", "end": "00:10:00", "text": "that would only be revealed let's say we"}, {"start": "00:09:57", "end": "00:10:02", "text": "get back above the old initial 2026"}, {"start": "00:10:00", "end": "00:10:05", "text": "support which I think is around 4300"}, {"start": "00:10:02", "end": "00:10:08", "text": "4350 so you've either got an end of day"}, {"start": "00:10:05", "end": "00:10:11", "text": "close or a weekly close back above 4300"}, {"start": "00:10:08", "end": "00:10:14", "text": "or looking to catch the falling knife uh"}, {"start": "00:10:11", "end": "00:10:16", "text": "under 37 37 or 3800 those are the two"}, {"start": "00:10:14", "end": "00:10:19", "text": "scenarios at the moment"}, {"start": "00:10:16", "end": "00:10:22", "text": "Um if you're if you're pushing me"}, {"start": "00:10:19", "end": "00:10:25", "text": "probably I would say the lower scenario"}, {"start": "00:10:22", "end": "00:10:28", "text": "um is the one that I think would make"}, {"start": "00:10:25", "end": "00:10:30", "text": "gold appealing as well. 37 3,800 you"}, {"start": "00:10:28", "end": "00:10:32", "text": "know that's the lower scenario. Uh the"}, {"start": "00:10:30", "end": "00:10:34", "text": "one which you'd be sort of cursing"}, {"start": "00:10:32", "end": "00:10:37", "text": "yourself um would be that we just this"}, {"start": "00:10:34", "end": "00:10:40", "text": "is the low day and uh you were looking"}, {"start": "00:10:37", "end": "00:10:42", "text": "for it the the market hit those two"}, {"start": "00:10:40", "end": "00:10:44", "text": "levels the 200 day line and the white"}, {"start": "00:10:42", "end": "00:10:45", "text": "line and you missed"}, {"start": "00:10:44", "end": "00:10:47", "text": ">> and the market's equally cruel on those."}, {"start": "00:10:45", "end": "00:10:48", "text": "I couldn't say which one would be the"}, {"start": "00:10:47", "end": "00:10:50", "text": "winning one, you know. I can't I can't"}, {"start": "00:10:48", "end": "00:10:52", "text": "say that. But"}, {"start": "00:10:50", "end": "00:10:56", "text": ">> um I think that given that probably"}, {"start": "00:10:52", "end": "00:10:58", "text": "we're looking at this chaos last a few"}, {"start": "00:10:56", "end": "00:11:00", "text": "more days, a few more days would give"}, {"start": "00:10:58", "end": "00:11:02", "text": "people the opportunity to sell out of"}, {"start": "00:11:00", "end": "00:11:04", "text": "gold as a sore of value and therefore a"}, {"start": "00:11:02", "end": "00:11:06", "text": "little bit more on the downside. So I"}, {"start": "00:11:04", "end": "00:11:08", "text": "think it's a panic sort of situation."}, {"start": "00:11:06", "end": "00:11:10", "text": "The top that you said ABC is probably"}, {"start": "00:11:08", "end": "00:11:11", "text": "one that if you look up, I can't"}, {"start": "00:11:10", "end": "00:11:13", "text": "remember the name of the guy who wrote"}, {"start": "00:11:11", "end": "00:11:15", "text": "the book now, but it's an Adam and Eve"}, {"start": "00:11:13", "end": "00:11:16", "text": "type of top. So you have the the spike"}, {"start": "00:11:15", "end": "00:11:20", "text": "and then the sort of the more rounded"}, {"start": "00:11:16", "end": "00:11:24", "text": "turnaround through 5300. Um which I"}, {"start": "00:11:20", "end": "00:11:26", "text": "think was a weird giveaway. Um not sure"}, {"start": "00:11:24", "end": "00:11:27", "text": "how I mean I'm still we'll be always be"}, {"start": "00:11:26", "end": "00:11:29", "text": "puzzled with that."}, {"start": "00:11:27", "end": "00:11:32", "text": ">> Charlie Burton my good friend and trader"}, {"start": "00:11:29", "end": "00:11:34", "text": "mentioned this too which is often when"}, {"start": "00:11:32", "end": "00:11:36", "text": "stock markets decline you see gold"}, {"start": "00:11:34", "end": "00:11:39", "text": "declining as well. And the reason as"}, {"start": "00:11:36", "end": "00:11:42", "text": "Charlie said is because often traders"}, {"start": "00:11:39", "end": "00:11:44", "text": "and investors will sell their gold to"}, {"start": "00:11:42", "end": "00:11:45", "text": "offset their losses uh in the stock"}, {"start": "00:11:44", "end": "00:11:48", "text": "market. So that typically is something"}, {"start": "00:11:45", "end": "00:11:50", "text": "we see as well. Uh one thing I want to"}, {"start": "00:11:48", "end": "00:11:51", "text": "mention here is this before I get your"}, {"start": "00:11:50", "end": "00:11:53", "text": "view because I want to get your view"}, {"start": "00:11:51", "end": "00:11:55", "text": "about whether you think that this is a"}, {"start": "00:11:53", "end": "00:11:57", "text": "temporary correction before we go to new"}, {"start": "00:11:55", "end": "00:11:58", "text": "highs in the next several months or"}, {"start": "00:11:57", "end": "00:12:01", "text": "whether you think this is a long-term"}, {"start": "00:11:58", "end": "00:12:03", "text": "top. I want to ask you about that. But I"}, {"start": "00:12:01", "end": "00:12:05", "text": "want to give my view about a couple of"}, {"start": "00:12:03", "end": "00:12:07", "text": "things as well. Firstly on the longer"}, {"start": "00:12:05", "end": "00:12:10", "text": "time frame. So the longer time frame,"}, {"start": "00:12:07", "end": "00:12:11", "text": "this is a monthly chart. I've been uh"}, {"start": "00:12:10", "end": "00:12:14", "text": "actually focusing on this for quite some"}, {"start": "00:12:11", "end": "00:12:18", "text": "time now. Notice first of all that we"}, {"start": "00:12:14", "end": "00:12:20", "text": "have extreme acceleration. Just draw"}, {"start": "00:12:18", "end": "00:12:24", "text": "that. So we had extreme acceleration"}, {"start": "00:12:20", "end": "00:12:26", "text": "here. The MACD has gone to extreme"}, {"start": "00:12:24", "end": "00:12:28", "text": "momentum overbought conditions as well."}, {"start": "00:12:26", "end": "00:12:30", "text": "Not seen for a very long time. That's"}, {"start": "00:12:28", "end": "00:12:32", "text": "something I focus on as well. So both of"}, {"start": "00:12:30", "end": "00:12:35", "text": "these again were giving us extreme"}, {"start": "00:12:32", "end": "00:12:37", "text": "warning signs back when uh gold was near"}, {"start": "00:12:35", "end": "00:12:39", "text": "5,600 as well. So what I've done is I've"}, {"start": "00:12:37", "end": "00:12:42", "text": "put on my chart some averages and"}, {"start": "00:12:39", "end": "00:12:43", "text": "specifically the 21 moving average the"}, {"start": "00:12:42", "end": "00:12:45", "text": "monthly chart on the monthly time frame."}, {"start": "00:12:43", "end": "00:12:48", "text": "We can see the last time by the way we"}, {"start": "00:12:45", "end": "00:12:50", "text": "had these extreme acceleration extremes."}, {"start": "00:12:48", "end": "00:12:52", "text": "These acceleration extremes we can see"}, {"start": "00:12:50", "end": "00:12:54", "text": "that what happened then. So for example"}, {"start": "00:12:52", "end": "00:12:58", "text": "back here when we had acceleration"}, {"start": "00:12:54", "end": "00:13:00", "text": "extremes in 1979 1980 okay at the time"}, {"start": "00:12:58", "end": "00:13:03", "text": "notice that what notice what happened"}, {"start": "00:13:00", "end": "00:13:07", "text": "with gold it then had a strong pullback"}, {"start": "00:13:03", "end": "00:13:10", "text": "to the 21 and the 34 EMAs at at least a"}, {"start": "00:13:07", "end": "00:13:12", "text": "21 monthly average and that is something"}, {"start": "00:13:10", "end": "00:13:14", "text": "that I think is probable. Now, the"}, {"start": "00:13:12", "end": "00:13:17", "text": "monthly uh 21 has not as yet been"}, {"start": "00:13:14", "end": "00:13:19", "text": "tested, but it could get tested there."}, {"start": "00:13:17", "end": "00:13:21", "text": "As you were saying, if we get if we get"}, {"start": "00:13:19", "end": "00:13:24", "text": "to the low target, Zach, if if fall"}, {"start": "00:13:21", "end": "00:13:26", "text": "below 4,000, there is potential here for"}, {"start": "00:13:24", "end": "00:13:28", "text": "gold to test that 21 monthly. Now, of"}, {"start": "00:13:26", "end": "00:13:30", "text": "course, as we know, moving averages are"}, {"start": "00:13:28", "end": "00:13:33", "text": "not static. They're dynamic. So, that"}, {"start": "00:13:30", "end": "00:13:36", "text": "moving average is going to move up"}, {"start": "00:13:33", "end": "00:13:38", "text": "slowly. So, who knows? It might"}, {"start": "00:13:36", "end": "00:13:41", "text": ">> if you look at the 1980 peak, which I"}, {"start": "00:13:38", "end": "00:13:43", "text": "was I remember because I'm so old. um"}, {"start": "00:13:41", "end": "00:13:46", "text": "that resolved into a range which I"}, {"start": "00:13:43", "end": "00:13:48", "text": "suppose would be analogist to three and"}, {"start": "00:13:46", "end": "00:13:50", "text": "a half four and a half now it' be an"}, {"start": "00:13:48", "end": "00:13:52", "text": "extended three and a half four and a"}, {"start": "00:13:50", "end": "00:13:54", "text": "half range for you know a year or a year"}, {"start": "00:13:52", "end": "00:13:57", "text": "and a half you see what I mean after"}, {"start": "00:13:54", "end": "00:14:01", "text": "pushing to 55 then 3435 would be like a"}, {"start": "00:13:57", "end": "00:14:02", "text": "a logical range for it to go into. Now"}, {"start": "00:14:01", "end": "00:14:04", "text": "the other important factor I want to"}, {"start": "00:14:02", "end": "00:14:06", "text": "point out is this that as gold this is a"}, {"start": "00:14:04", "end": "00:14:10", "text": "daily chart of gold as it was dropping"}, {"start": "00:14:06", "end": "00:14:11", "text": "if we go on an hourly chart notice Zach"}, {"start": "00:14:10", "end": "00:14:13", "text": "and I want to get your view on this we"}, {"start": "00:14:11", "end": "00:14:15", "text": "don't have as yet a divergence a"}, {"start": "00:14:13", "end": "00:14:17", "text": "positive divergence which usually is"}, {"start": "00:14:15", "end": "00:14:19", "text": "something that occurs after strong"}, {"start": "00:14:17", "end": "00:14:21", "text": "declines not always we don't always get"}, {"start": "00:14:19", "end": "00:14:24", "text": "a positive divergence but the majority"}, {"start": "00:14:21", "end": "00:14:26", "text": "of the time you do see that uh before a"}, {"start": "00:14:24", "end": "00:14:28", "text": "bottom occurs and we don't have a"}, {"start": "00:14:26", "end": "00:14:30", "text": "positive divergence we got a lower low"}, {"start": "00:14:28", "end": "00:14:32", "text": "on the MACD we got a lower low on the"}, {"start": "00:14:30", "end": "00:14:35", "text": "price. No positive divergence on the"}, {"start": "00:14:32", "end": "00:14:37", "text": "hourly. We go on a 2-hourly chart, no"}, {"start": "00:14:35", "end": "00:14:40", "text": "positive divergence. On a 4-hour chart,"}, {"start": "00:14:37", "end": "00:14:42", "text": "no positive divergence. On a 21 minute"}, {"start": "00:14:40", "end": "00:14:45", "text": "chart, no positive divergence either."}, {"start": "00:14:42", "end": "00:14:47", "text": "So, I would like to see at a minimum"}, {"start": "00:14:45", "end": "00:14:50", "text": "some positive divergence on the lower"}, {"start": "00:14:47", "end": "00:14:52", "text": "time frame. Ideally, like 1 hour chart,"}, {"start": "00:14:50", "end": "00:14:55", "text": "21 minute or two time frames."}, {"start": "00:14:52", "end": "00:14:57", "text": ">> Well, I well actually I'm I I use I use"}, {"start": "00:14:55", "end": "00:14:58", "text": "relative strength index. values of the"}, {"start": "00:14:57", "end": "00:15:00", "text": "RSI"}, {"start": "00:14:58", "end": "00:15:02", "text": ">> and on that one there is uh actually"}, {"start": "00:15:00", "end": "00:15:03", "text": "positive divergence."}, {"start": "00:15:02", "end": "00:15:06", "text": ">> Zach, I'll be honest with you, I used to"}, {"start": "00:15:03", "end": "00:15:08", "text": "I used to use the RSI as a divergence"}, {"start": "00:15:06", "end": "00:15:09", "text": "tool in the past and I stopped using it"}, {"start": "00:15:08", "end": "00:15:12", "text": "because I found that it's not as"}, {"start": "00:15:09", "end": "00:15:13", "text": "reliable as the MACD, the MACD. I mean,"}, {"start": "00:15:12", "end": "00:15:16", "text": "don't get me wrong here, you you could"}, {"start": "00:15:13", "end": "00:15:17", "text": "be right, but in the past I've been"}, {"start": "00:15:16", "end": "00:15:18", "text": "frust I've been frustrated when I use"}, {"start": "00:15:17", "end": "00:15:20", "text": "the RSIs."}, {"start": "00:15:18", "end": "00:15:22", "text": ">> I think the the the reality is that when"}, {"start": "00:15:20", "end": "00:15:24", "text": "the the MACD gets it right on"}, {"start": "00:15:22", "end": "00:15:26", "text": "divergence, it gets it really right. And"}, {"start": "00:15:24", "end": "00:15:29", "text": "so it's one of those things whereas with"}, {"start": "00:15:26", "end": "00:15:32", "text": "the RSI it can get it right or wrong"}, {"start": "00:15:29", "end": "00:15:33", "text": ">> on divergence whereas the MACD normally"}, {"start": "00:15:32", "end": "00:15:35", "text": "don't you get you don't get that full"}, {"start": "00:15:33", "end": "00:15:38", "text": "signal that you might that you can get"}, {"start": "00:15:35", "end": "00:15:40", "text": "with with the RSI. So that is the"}, {"start": "00:15:38", "end": "00:15:43", "text": "reality. But given that we're in such"}, {"start": "00:15:40", "end": "00:15:45", "text": "uncharted territory, um you know, it's"}, {"start": "00:15:43", "end": "00:15:48", "text": "like just bear in mind that the RSI on"}, {"start": "00:15:45", "end": "00:15:51", "text": "this one is saying quite a significant"}, {"start": "00:15:48", "end": "00:15:53", "text": "divergence. And so um you know, that"}, {"start": "00:15:51", "end": "00:15:55", "text": "kind of points it back to we bounced"}, {"start": "00:15:53", "end": "00:15:58", "text": "above the 200 day line and maybe it's"}, {"start": "00:15:55", "end": "00:16:00", "text": "not as bad as we are thinking. So that"}, {"start": "00:15:58", "end": "00:16:01", "text": "that's you know it takes two to make a"}, {"start": "00:16:00", "end": "00:16:02", "text": "mark etc."}, {"start": "00:16:01", "end": "00:16:03", "text": ">> I'll just summarize my point of view"}, {"start": "00:16:02", "end": "00:16:05", "text": "here before I move on to the next"}, {"start": "00:16:03", "end": "00:16:07", "text": "question. Simply is that my point of"}, {"start": "00:16:05", "end": "00:16:09", "text": "view is very simple. Um, I don't think"}, {"start": "00:16:07", "end": "00:16:11", "text": "we've bottomed just yet. My view is that"}, {"start": "00:16:09", "end": "00:16:13", "text": "I think we have another lower low to"}, {"start": "00:16:11", "end": "00:16:15", "text": "come. I think this is a nice bounce"}, {"start": "00:16:13", "end": "00:16:17", "text": "we're seeing. Uh, but I would like to"}, {"start": "00:16:15", "end": "00:16:20", "text": "see another retest of that low of today,"}, {"start": "00:16:17", "end": "00:16:23", "text": "which was the low is approximately near"}, {"start": "00:16:20", "end": "00:16:25", "text": "4,90 or 4,100, I think it was. I want to"}, {"start": "00:16:23", "end": "00:16:27", "text": "see a retest of that, maybe take it out"}, {"start": "00:16:25", "end": "00:16:29", "text": "with a positive divergence. U, that's"}, {"start": "00:16:27", "end": "00:16:31", "text": "something I'm looking for, a retest of"}, {"start": "00:16:29", "end": "00:16:34", "text": "those lows. I would not necessarily"}, {"start": "00:16:31", "end": "00:16:37", "text": "trust these sort of long wick uh hammer"}, {"start": "00:16:34", "end": "00:16:40", "text": "patterns anymore unless confirmed either"}, {"start": "00:16:37", "end": "00:16:41", "text": "with a positive divergence or a break of"}, {"start": "00:16:40", "end": "00:16:42", "text": "resistance. Guys, let me know in the"}, {"start": "00:16:41", "end": "00:16:45", "text": "comment section if you'd like me and"}, {"start": "00:16:42", "end": "00:16:47", "text": "Zach to do a live stream and talk about"}, {"start": "00:16:45", "end": "00:16:48", "text": "the charts and the markets. Uh before we"}, {"start": "00:16:47", "end": "00:16:52", "text": "continue, guys, make sure you go and"}, {"start": "00:16:48", "end": "00:16:55", "text": "join Zack. Follow him on X on Zack's"}, {"start": "00:16:52", "end": "00:16:57", "text": "Traders Cafe. That's plural Zacks"}, {"start": "00:16:55", "end": "00:16:59", "text": "TradersCafe. I'll put the link for you"}, {"start": "00:16:57", "end": "00:17:01", "text": "guys in the description down below. Go"}, {"start": "00:16:59", "end": "00:17:03", "text": "ahead and follow them. And also guys,"}, {"start": "00:17:01", "end": "00:17:04", "text": "follow me also on in the member videos."}, {"start": "00:17:03", "end": "00:17:07", "text": "We cover gold and silver in quite a lot"}, {"start": "00:17:04", "end": "00:17:08", "text": "of detail. Do you see this drop as a"}, {"start": "00:17:07", "end": "00:17:10", "text": "temporary correction before we make new"}, {"start": "00:17:08", "end": "00:17:11", "text": "highs this year? In other words, do you"}, {"start": "00:17:10", "end": "00:17:15", "text": "think at some point this year will go"}, {"start": "00:17:11", "end": "00:17:17", "text": "above the prior all-time highs of 5,600"}, {"start": "00:17:15", "end": "00:17:20", "text": "there. There is also a risk that gold"}, {"start": "00:17:17", "end": "00:17:22", "text": "may have topped for the next few years,"}, {"start": "00:17:20", "end": "00:17:24", "text": "similar to what happened in 2011 and in"}, {"start": "00:17:22", "end": "00:17:26", "text": "the 1970s. If we just take a look at"}, {"start": "00:17:24", "end": "00:17:29", "text": "that chart again, often when we see"}, {"start": "00:17:26", "end": "00:17:32", "text": "these blowoff tops as parabolic sort of"}, {"start": "00:17:29", "end": "00:17:33", "text": "um rallies with extreme acceleration"}, {"start": "00:17:32", "end": "00:17:35", "text": "like happened recently, but also if we"}, {"start": "00:17:33", "end": "00:17:38", "text": "look at back look back in 1979, look"}, {"start": "00:17:35", "end": "00:17:41", "text": "back in 2011 for example. So in my view,"}, {"start": "00:17:38", "end": "00:17:44", "text": "there is potential risk that gold may"}, {"start": "00:17:41", "end": "00:17:45", "text": "indeed have topped. I'm not saying it's"}, {"start": "00:17:44", "end": "00:17:48", "text": "definitely done that, but there is that"}, {"start": "00:17:45", "end": "00:17:49", "text": "risk that it may have done that. Um and"}, {"start": "00:17:48", "end": "00:17:51", "text": "I'm still looking. I think gold"}, {"start": "00:17:49", "end": "00:17:53", "text": "eventually is going to drop down to that"}, {"start": "00:17:51", "end": "00:17:56", "text": "21 monthly average there."}, {"start": "00:17:53", "end": "00:17:59", "text": ">> So after the 2011 peak, we spent 9 10"}, {"start": "00:17:56", "end": "00:18:01", "text": "years um fing around. You see what I"}, {"start": "00:17:59", "end": "00:18:04", "text": "mean? And so I would say that after the"}, {"start": "00:18:01", "end": "00:18:06", "text": "2026 peak, we could spend an extended"}, {"start": "00:18:04", "end": "00:18:08", "text": "time 4,500, three and a half to four and"}, {"start": "00:18:06", "end": "00:18:09", "text": "a half, whatever, you know, you name it,"}, {"start": "00:18:08", "end": "00:18:11", "text": "whatever you like. It could be four and"}, {"start": "00:18:09", "end": "00:18:13", "text": "a half to five and a half, but something"}, {"start": "00:18:11", "end": "00:18:15", "text": "like that. So I think that the gold is"}, {"start": "00:18:13", "end": "00:18:18", "text": "of that nature, and I'd be surprised if"}, {"start": "00:18:15", "end": "00:18:20", "text": "it changes its nature. Um, in terms of"}, {"start": "00:18:18", "end": "00:18:21", "text": "um, your second question, which I've"}, {"start": "00:18:20", "end": "00:18:22", "text": "already forgotten, maybe you can remind"}, {"start": "00:18:21", "end": "00:18:24", "text": "me."}, {"start": "00:18:22", "end": "00:18:26", "text": ">> Yeah, sure. Whether you think this is a"}, {"start": "00:18:24", "end": "00:18:27", "text": "temporary correction before we go to"}, {"start": "00:18:26", "end": "00:18:29", "text": "make new highs this year, or do you"}, {"start": "00:18:27", "end": "00:18:30", "text": "think it's more of a long-term top?"}, {"start": "00:18:29", "end": "00:18:32", "text": ">> I think new highs this year is going to"}, {"start": "00:18:30", "end": "00:18:36", "text": "be difficult because I think that 5,500"}, {"start": "00:18:32", "end": "00:18:37", "text": "plus was a real, you know, like through"}, {"start": "00:18:36", "end": "00:18:39", "text": "the top of the, you know, blew the"}, {"start": "00:18:37", "end": "00:18:41", "text": "lights out type move. So, I think we"}, {"start": "00:18:39", "end": "00:18:43", "text": "could see we could be on the right side"}, {"start": "00:18:41", "end": "00:18:44", "text": "of 5,000. Whether we can get a 6,000 by"}, {"start": "00:18:43", "end": "00:18:46", "text": "the end of this year, I think is is"}, {"start": "00:18:44", "end": "00:18:48", "text": "going to be tough unless the dollar"}, {"start": "00:18:46", "end": "00:18:50", "text": "collapses or something like that. I"}, {"start": "00:18:48", "end": "00:18:53", "text": "think it'll need something which is not"}, {"start": "00:18:50", "end": "00:18:56", "text": "just gold supply and demand related. It"}, {"start": "00:18:53", "end": "00:18:57", "text": "might have to be a dollar situation. So"}, {"start": "00:18:56", "end": "00:18:58", "text": "the dollar just gets so weak for some"}, {"start": "00:18:57", "end": "00:18:59", "text": "reason."}, {"start": "00:18:58", "end": "00:19:01", "text": ">> So you you're more of the view this is"}, {"start": "00:18:59", "end": "00:19:04", "text": "could be a consolidation. We could be"}, {"start": "00:19:01", "end": "00:19:06", "text": "stuck range what yeah whatever whatever"}, {"start": "00:19:04", "end": "00:19:09", "text": "we four and a half to five and a half or"}, {"start": "00:19:06", "end": "00:19:11", "text": "four to five um or lower. Um but it's a"}, {"start": "00:19:09", "end": "00:19:13", "text": "consolidation. We've done a lot and and"}, {"start": "00:19:11", "end": "00:19:15", "text": "and gold just gets gold is not an active"}, {"start": "00:19:13", "end": "00:19:18", "text": "market normally. This is an unus once"}, {"start": "00:19:15", "end": "00:19:19", "text": "every decade this kind of uh these kind"}, {"start": "00:19:18", "end": "00:19:20", "text": "of antics."}, {"start": "00:19:19", "end": "00:19:22", "text": ">> Thank you very much indeed Zach. I"}, {"start": "00:19:20", "end": "00:19:23", "text": "really appreciate uh you being our guest"}, {"start": "00:19:22", "end": "00:19:25", "text": "today in this video. Guys, make sure you"}, {"start": "00:19:23", "end": "00:19:28", "text": "follow Zach on his ex. I'll put the link"}, {"start": "00:19:25", "end": "00:19:30", "text": "for you guys. Go to Zack TradersCafe."}, {"start": "00:19:28", "end": "00:19:32", "text": "Follow him there and the link is in the"}, {"start": "00:19:30", "end": "00:19:33", "text": "description. And also guys, check out my"}, {"start": "00:19:32", "end": "00:19:35", "text": "member videos with full analysis with"}, {"start": "00:19:33", "end": "00:19:37", "text": "Elliot waves on the chart of gold and"}, {"start": "00:19:35", "end": "00:19:40", "text": "silver and the link for that is also in"}, {"start": "00:19:37", "end": "00:19:40", "text": "the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "There are certain group of people out"}, {"start": "00:00:01", "end": "00:00:05", "text": "there and I think these are very sick"}, {"start": "00:00:03", "end": "00:00:07", "text": "and diseased individuals. When I say"}, {"start": "00:00:05", "end": "00:00:09", "text": "sick and diseased, I mean the sickness"}, {"start": "00:00:07", "end": "00:00:12", "text": "is over here in their minds. What they"}, {"start": "00:00:09", "end": "00:00:14", "text": "want and demand from you is blind"}, {"start": "00:00:12", "end": "00:00:16", "text": "conformity. In other words, herd"}, {"start": "00:00:14", "end": "00:00:18", "text": "mentality. And if you don't think like"}, {"start": "00:00:16", "end": "00:00:19", "text": "them, well, you'll beounded and you'll"}, {"start": "00:00:18", "end": "00:00:21", "text": "be made to feel ashamed. I don't care"}, {"start": "00:00:19", "end": "00:00:23", "text": "what they think, but I will never bow"}, {"start": "00:00:21", "end": "00:00:25", "text": "down. And it's not always obvious who"}, {"start": "00:00:23", "end": "00:00:26", "text": "your friends are. Hey guys, Allesia."}, {"start": "00:00:25", "end": "00:00:28", "text": "Hope you're well. Making this video for"}, {"start": "00:00:26", "end": "00:00:30", "text": "you on the Persian New Year. So,"}, {"start": "00:00:28", "end": "00:00:31", "text": "actually, I gotta be honest with you"}, {"start": "00:00:30", "end": "00:00:33", "text": "guys. I did not want to make this video."}, {"start": "00:00:31", "end": "00:00:35", "text": "I did not really want to discuss this"}, {"start": "00:00:33", "end": "00:00:37", "text": "subject, but given that today is the"}, {"start": "00:00:35", "end": "00:00:39", "text": "Persian New Year, and it might be a good"}, {"start": "00:00:37", "end": "00:00:41", "text": "time to perhaps talk about it. Uh, let"}, {"start": "00:00:39", "end": "00:00:43", "text": "me first of all wish all our Persian"}, {"start": "00:00:41", "end": "00:00:45", "text": "friends a very happy new year, very"}, {"start": "00:00:43", "end": "00:00:47", "text": "happy Norus on this first day of spring."}, {"start": "00:00:45", "end": "00:00:49", "text": "By the way, let me just say, usually at"}, {"start": "00:00:47", "end": "00:00:50", "text": "this time of year, as I'm sure you know,"}, {"start": "00:00:49", "end": "00:00:52", "text": "I would be in Iran. I would be in Tehran"}, {"start": "00:00:50", "end": "00:00:54", "text": "with my friends. As I'm sure some of you"}, {"start": "00:00:52", "end": "00:00:55", "text": "know, I've been to Tehran many times. I"}, {"start": "00:00:54", "end": "00:00:57", "text": "have friends there. I have people that I"}, {"start": "00:00:55", "end": "00:00:59", "text": "love over there. So, you know, I really"}, {"start": "00:00:57", "end": "00:01:01", "text": "miss them and usually when I go there, I"}, {"start": "00:00:59", "end": "00:01:03", "text": "have a great time, you know, whether"}, {"start": "00:01:01", "end": "00:01:04", "text": "it's uh jumping over the fires and, you"}, {"start": "00:01:03", "end": "00:01:07", "text": "know, all the New Year traditions, the"}, {"start": "00:01:04", "end": "00:01:09", "text": "dancing and going out, seeing places."}, {"start": "00:01:07", "end": "00:01:12", "text": "And uh let me also mention that I have a"}, {"start": "00:01:09", "end": "00:01:14", "text": "video footage for you of my earlier vis."}, {"start": "00:01:12", "end": "00:01:17", "text": "This is what I used to look like back in"}, {"start": "00:01:14", "end": "00:01:19", "text": "2008. Much younger Allesio at the time"}, {"start": "00:01:17", "end": "00:01:21", "text": "with different kind of hair. Um, anyway,"}, {"start": "00:01:19", "end": "00:01:22", "text": "so yeah, so the reason I mentioned this"}, {"start": "00:01:21", "end": "00:01:24", "text": "because I want you guys to know that I"}, {"start": "00:01:22", "end": "00:01:26", "text": "really love Iran. Unlike most people who"}, {"start": "00:01:24", "end": "00:01:28", "text": "in the mainstream media and social media"}, {"start": "00:01:26", "end": "00:01:29", "text": "talk about Iran, I've actually visited"}, {"start": "00:01:28", "end": "00:01:31", "text": "the country. I've been there several"}, {"start": "00:01:29", "end": "00:01:32", "text": "times and I know the people and the"}, {"start": "00:01:31", "end": "00:01:34", "text": "culture there really well. By the way,"}, {"start": "00:01:32", "end": "00:01:38", "text": "it might surprise some of you to know"}, {"start": "00:01:34", "end": "00:01:40", "text": "that about 2,500 years ago, the first"}, {"start": "00:01:38", "end": "00:01:42", "text": "king of Persia, and that is King Cyrus"}, {"start": "00:01:40", "end": "00:01:43", "text": "of Persia. Now, he founded the Persian"}, {"start": "00:01:42", "end": "00:01:45", "text": "Empire, which I'm sure you know, grew to"}, {"start": "00:01:43", "end": "00:01:47", "text": "be one of the most strongest and"}, {"start": "00:01:45", "end": "00:01:49", "text": "powerful empires in the world. Now, some"}, {"start": "00:01:47", "end": "00:01:51", "text": "people may not know this, but Cyrus"}, {"start": "00:01:49", "end": "00:01:53", "text": "freed the Jewish people from captivity."}, {"start": "00:01:51", "end": "00:01:55", "text": "And because of their liberation, the"}, {"start": "00:01:53", "end": "00:01:58", "text": "Jewish people named Cyrus as the"}, {"start": "00:01:55", "end": "00:01:59", "text": "anointed one or as a messiah in the"}, {"start": "00:01:58", "end": "00:02:00", "text": "Hebrew Bible. All right, guys, let's"}, {"start": "00:01:59", "end": "00:02:02", "text": "talk about Iran. Now, this is not a very"}, {"start": "00:02:00", "end": "00:02:04", "text": "easy subject for me to talk about, but"}, {"start": "00:02:02", "end": "00:02:07", "text": "we have to get into it. And the first"}, {"start": "00:02:04", "end": "00:02:08", "text": "thing I want to talk about is a quote"}, {"start": "00:02:07", "end": "00:02:10", "text": "which is from one of my favorite"}, {"start": "00:02:08", "end": "00:02:12", "text": "writers, Ernest Hemingway. Hemingway"}, {"start": "00:02:10", "end": "00:02:14", "text": "once said, \"If you don't have obvious"}, {"start": "00:02:12", "end": "00:02:16", "text": "enemies, they're hiding among your"}, {"start": "00:02:14", "end": "00:02:18", "text": "friends.\" I think what it probably means"}, {"start": "00:02:16", "end": "00:02:20", "text": "is that sometimes the people that you"}, {"start": "00:02:18", "end": "00:02:22", "text": "trust, the people who you think are your"}, {"start": "00:02:20", "end": "00:02:23", "text": "friends are probably your greatest"}, {"start": "00:02:22", "end": "00:02:26", "text": "enemies or people you should be very"}, {"start": "00:02:23", "end": "00:02:27", "text": "cautious about. So listen, for example,"}, {"start": "00:02:26", "end": "00:02:29", "text": "right now there are some people who are"}, {"start": "00:02:27", "end": "00:02:31", "text": "saying, you know, on mainstream media"}, {"start": "00:02:29", "end": "00:02:32", "text": "and on social media, they're saying,"}, {"start": "00:02:31", "end": "00:02:33", "text": "well, Iran is the enemy. And then there"}, {"start": "00:02:32", "end": "00:02:35", "text": "are some other people out there who are"}, {"start": "00:02:33", "end": "00:02:36", "text": "saying that Israel or America is the"}, {"start": "00:02:35", "end": "00:02:38", "text": "enemy. Now listen guys, I don't know"}, {"start": "00:02:36", "end": "00:02:40", "text": "about you, but I think that certain"}, {"start": "00:02:38", "end": "00:02:42", "text": "things in the world are not so black and"}, {"start": "00:02:40", "end": "00:02:44", "text": "white. You know, they don't have an easy"}, {"start": "00:02:42", "end": "00:02:46", "text": "answer. the mainstream media and social"}, {"start": "00:02:44", "end": "00:02:47", "text": "media, they want to make things as"}, {"start": "00:02:46", "end": "00:02:49", "text": "though it's, you know, just black and"}, {"start": "00:02:47", "end": "00:02:50", "text": "white, that things are just so simple."}, {"start": "00:02:49", "end": "00:02:52", "text": "They are not. There's a lot of nuance."}, {"start": "00:02:50", "end": "00:02:54", "text": "Uh there's a lot of uncertainties out"}, {"start": "00:02:52", "end": "00:02:56", "text": "there. Again, it's not always obvious"}, {"start": "00:02:54", "end": "00:02:58", "text": "who your friends are. And that brings me"}, {"start": "00:02:56", "end": "00:02:59", "text": "to a very important quote by the great"}, {"start": "00:02:58", "end": "00:03:01", "text": "German philosopher Friedri Nichze."}, {"start": "00:02:59", "end": "00:03:03", "text": "Nichze says where there have been"}, {"start": "00:03:01", "end": "00:03:06", "text": "powerful societies, governments,"}, {"start": "00:03:03", "end": "00:03:08", "text": "religions, public opinions. In short,"}, {"start": "00:03:06", "end": "00:03:10", "text": "wherever there has been tyranny, there"}, {"start": "00:03:08", "end": "00:03:12", "text": "the independent thinker or the solitary"}, {"start": "00:03:10", "end": "00:03:14", "text": "philosopher has been hated. For"}, {"start": "00:03:12", "end": "00:03:17", "text": "philosophy or thinking offers a"}, {"start": "00:03:14", "end": "00:03:19", "text": "sanctuary to man into which no tyranny"}, {"start": "00:03:17", "end": "00:03:21", "text": "can force its way. Now let's think about"}, {"start": "00:03:19", "end": "00:03:22", "text": "that for a moment. What is NZ saying"}, {"start": "00:03:21", "end": "00:03:24", "text": "there? Essentially that there are"}, {"start": "00:03:22", "end": "00:03:26", "text": "certain people out there or groups out"}, {"start": "00:03:24", "end": "00:03:29", "text": "there who don't want you to think for"}, {"start": "00:03:26", "end": "00:03:31", "text": "yourself. They actually want to restrict"}, {"start": "00:03:29", "end": "00:03:33", "text": "your freedom of thought. Now, as I'm"}, {"start": "00:03:31", "end": "00:03:35", "text": "sure you already know, most governments"}, {"start": "00:03:33", "end": "00:03:37", "text": "and institutions out there, whether it's"}, {"start": "00:03:35", "end": "00:03:38", "text": "the government, the state, or religious"}, {"start": "00:03:37", "end": "00:03:40", "text": "institutions, they don't want you to"}, {"start": "00:03:38", "end": "00:03:42", "text": "think for yourself. As a matter of fact,"}, {"start": "00:03:40", "end": "00:03:44", "text": "they much prefer that you stay ignorant"}, {"start": "00:03:42", "end": "00:03:46", "text": "and that you simply do as they tell you."}, {"start": "00:03:44", "end": "00:03:48", "text": "They want you to believe their lies and"}, {"start": "00:03:46", "end": "00:03:50", "text": "propaganda, and they will censor you and"}, {"start": "00:03:48", "end": "00:03:51", "text": "shut your mouth if you say anything that"}, {"start": "00:03:50", "end": "00:03:53", "text": "offends them. One of the biggest"}, {"start": "00:03:51", "end": "00:03:55", "text": "problems with Iran is and has been for"}, {"start": "00:03:53", "end": "00:03:57", "text": "many years that there are certain group"}, {"start": "00:03:55", "end": "00:04:00", "text": "of people out there uh and I think these"}, {"start": "00:03:57", "end": "00:04:02", "text": "are very sick and diseased individuals."}, {"start": "00:04:00", "end": "00:04:04", "text": "When I say sick and diseased, I mean the"}, {"start": "00:04:02", "end": "00:04:06", "text": "sickness is over here in their minds and"}, {"start": "00:04:04", "end": "00:04:08", "text": "in their soul. And these very sick"}, {"start": "00:04:06", "end": "00:04:09", "text": "people, they don't want freedom of"}, {"start": "00:04:08", "end": "00:04:11", "text": "thought. They don't want freedom of"}, {"start": "00:04:09", "end": "00:04:13", "text": "speech and they want to control how"}, {"start": "00:04:11", "end": "00:04:14", "text": "people think. And if you don't do as"}, {"start": "00:04:13", "end": "00:04:16", "text": "they say and if you don't think like"}, {"start": "00:04:14", "end": "00:04:18", "text": "them, they will stick you either in"}, {"start": "00:04:16", "end": "00:04:20", "text": "prison or they will kill you. They force"}, {"start": "00:04:18", "end": "00:04:22", "text": "their lies down people's throats. They"}, {"start": "00:04:20", "end": "00:04:26", "text": "are liars and thieves. What they want"}, {"start": "00:04:22", "end": "00:04:27", "text": "and demand from you is blind conformity."}, {"start": "00:04:26", "end": "00:04:29", "text": "In other words, herd mentality. That is"}, {"start": "00:04:27", "end": "00:04:31", "text": "how they want to control people. In"}, {"start": "00:04:29", "end": "00:04:34", "text": "other words, you must not be allowed to"}, {"start": "00:04:31", "end": "00:04:35", "text": "think for yourself or speak your mind."}, {"start": "00:04:34", "end": "00:04:38", "text": "And if you do and if you say something"}, {"start": "00:04:35", "end": "00:04:41", "text": "that opposes them again, they will shut"}, {"start": "00:04:38", "end": "00:04:42", "text": "your mouth and imprison you or worse. So"}, {"start": "00:04:41", "end": "00:04:44", "text": "that is one of the biggest problems"}, {"start": "00:04:42", "end": "00:04:46", "text": "obviously with Iran. But here's the"}, {"start": "00:04:44", "end": "00:04:48", "text": "thing, guys. If you think about it, you"}, {"start": "00:04:46", "end": "00:04:50", "text": "know, in Europe and in America, there's"}, {"start": "00:04:48", "end": "00:04:52", "text": "a lot more freedom certainly, but here's"}, {"start": "00:04:50", "end": "00:04:54", "text": "the thing. There are growing trends in"}, {"start": "00:04:52", "end": "00:04:56", "text": "Europe, for example, in the UK and in"}, {"start": "00:04:54", "end": "00:04:58", "text": "Germany, uh, where there are attempts to"}, {"start": "00:04:56", "end": "00:05:00", "text": "restrict people's freedom of speech and"}, {"start": "00:04:58", "end": "00:05:02", "text": "the freedom of thought. Now, that's not"}, {"start": "00:05:00", "end": "00:05:04", "text": "as bad as what's been happening in Iran,"}, {"start": "00:05:02", "end": "00:05:05", "text": "of course, but even in Germany, I've"}, {"start": "00:05:04", "end": "00:05:07", "text": "heard that the government is making more"}, {"start": "00:05:05", "end": "00:05:10", "text": "and more restrictions on people's"}, {"start": "00:05:07", "end": "00:05:12", "text": "freedom of speech. in the UK. You know,"}, {"start": "00:05:10", "end": "00:05:14", "text": "I love the UK, but every day you hear"}, {"start": "00:05:12", "end": "00:05:16", "text": "about institutions in the UK that are"}, {"start": "00:05:14", "end": "00:05:18", "text": "trying to restrict how people think. And"}, {"start": "00:05:16", "end": "00:05:20", "text": "listen, America is a country that I"}, {"start": "00:05:18", "end": "00:05:21", "text": "love. I have family and friends there."}, {"start": "00:05:20", "end": "00:05:23", "text": "But even in America, there are"}, {"start": "00:05:21", "end": "00:05:25", "text": "disturbing trends that, as I'm sure"}, {"start": "00:05:23", "end": "00:05:27", "text": "you've heard, where certain governmental"}, {"start": "00:05:25", "end": "00:05:29", "text": "and state institutions and religious"}, {"start": "00:05:27", "end": "00:05:31", "text": "institutions are trying to restrict the"}, {"start": "00:05:29", "end": "00:05:32", "text": "freedom of thought and freedom of"}, {"start": "00:05:31", "end": "00:05:34", "text": "expression. For example, there have been"}, {"start": "00:05:32", "end": "00:05:37", "text": "attempts to ban certain books in"}, {"start": "00:05:34", "end": "00:05:39", "text": "America. And also some groups are trying"}, {"start": "00:05:37", "end": "00:05:41", "text": "to force religious fundamentalism into"}, {"start": "00:05:39", "end": "00:05:42", "text": "schools and into government. And by the"}, {"start": "00:05:41", "end": "00:05:44", "text": "way, in case some of you are wondering"}, {"start": "00:05:42", "end": "00:05:46", "text": "what is wrong with the idea of religious"}, {"start": "00:05:44", "end": "00:05:48", "text": "fundamentalism being mixed or forced"}, {"start": "00:05:46", "end": "00:05:50", "text": "into government and schools, listen,"}, {"start": "00:05:48", "end": "00:05:51", "text": "just go and spend a few months in the"}, {"start": "00:05:50", "end": "00:05:52", "text": "Middle East in some of those countries I"}, {"start": "00:05:51", "end": "00:05:54", "text": "mentioned, and you'll see for yourself."}, {"start": "00:05:52", "end": "00:05:57", "text": "It's a disaster. According to recent"}, {"start": "00:05:54", "end": "00:06:00", "text": "data, about 40% of Americans last year"}, {"start": "00:05:57", "end": "00:06:01", "text": "did not read a book. So nearly half of"}, {"start": "00:06:00", "end": "00:06:03", "text": "America is not reading books or"}, {"start": "00:06:01", "end": "00:06:05", "text": "listening to books. That is a dangerous"}, {"start": "00:06:03", "end": "00:06:07", "text": "situation. You see guys, as I'm sure you"}, {"start": "00:06:05", "end": "00:06:09", "text": "know, the less people read books, the"}, {"start": "00:06:07", "end": "00:06:10", "text": "more easily they can be manipulated or"}, {"start": "00:06:09", "end": "00:06:12", "text": "controlled by the state, by the"}, {"start": "00:06:10", "end": "00:06:14", "text": "government, and by religious"}, {"start": "00:06:12", "end": "00:06:16", "text": "institutions. You see, governments and"}, {"start": "00:06:14", "end": "00:06:18", "text": "religious institutions love it if you"}, {"start": "00:06:16", "end": "00:06:19", "text": "don't read any books because if you"}, {"start": "00:06:18", "end": "00:06:21", "text": "don't read, then you don't ask questions"}, {"start": "00:06:19", "end": "00:06:23", "text": "and just leave them alone. And that"}, {"start": "00:06:21", "end": "00:06:25", "text": "means you're not a danger to them. They"}, {"start": "00:06:23", "end": "00:06:27", "text": "just want you to conform to the herd."}, {"start": "00:06:25", "end": "00:06:29", "text": "They want you to conform to whatever"}, {"start": "00:06:27", "end": "00:06:31", "text": "they tell you. And that is dangerous."}, {"start": "00:06:29", "end": "00:06:33", "text": "And guys, if there's one thing that I"}, {"start": "00:06:31", "end": "00:06:35", "text": "think we should all do this year in 2026"}, {"start": "00:06:33", "end": "00:06:36", "text": "is read more books. You know the sick"}, {"start": "00:06:35", "end": "00:06:38", "text": "and disease people I was telling you"}, {"start": "00:06:36", "end": "00:06:40", "text": "about? Well, they don't want people to"}, {"start": "00:06:38", "end": "00:06:41", "text": "know about the history of Persia or ask"}, {"start": "00:06:40", "end": "00:06:43", "text": "any questions. By the way, there's one"}, {"start": "00:06:41", "end": "00:06:45", "text": "more thing we need to talk about. If we"}, {"start": "00:06:43", "end": "00:06:47", "text": "go back to the quote by Nze, notice he"}, {"start": "00:06:45", "end": "00:06:49", "text": "mentions public opinion also as"}, {"start": "00:06:47", "end": "00:06:51", "text": "tyrannical. And I think he's right. In"}, {"start": "00:06:49", "end": "00:06:53", "text": "other words, among the many enemies we"}, {"start": "00:06:51", "end": "00:06:55", "text": "can face, public opinion is probably one"}, {"start": "00:06:53", "end": "00:06:57", "text": "of them. Public opinion can also"}, {"start": "00:06:55", "end": "00:06:59", "text": "restrict freedom of thought and freedom"}, {"start": "00:06:57", "end": "00:07:02", "text": "of speech. The French philosopher Michel"}, {"start": "00:06:59", "end": "00:07:04", "text": "Fuko calls this a normalizing power. And"}, {"start": "00:07:02", "end": "00:07:07", "text": "if you think about it, social media like"}, {"start": "00:07:04", "end": "00:07:08", "text": "X or Twitter and Facebook and all these"}, {"start": "00:07:07", "end": "00:07:10", "text": "social media channels are probably"}, {"start": "00:07:08", "end": "00:07:12", "text": "normalizing machines. So I agree with"}, {"start": "00:07:10", "end": "00:07:14", "text": "Nietze that I think if we're going to"}, {"start": "00:07:12", "end": "00:07:16", "text": "achieve any kind of freedom, freedom of"}, {"start": "00:07:14", "end": "00:07:18", "text": "thought, freedom of speech, we also have"}, {"start": "00:07:16", "end": "00:07:20", "text": "to be mindful of the fact that public"}, {"start": "00:07:18", "end": "00:07:23", "text": "opinion can be tyrannical as well. In"}, {"start": "00:07:20", "end": "00:07:25", "text": "other words, public opinion can stand in"}, {"start": "00:07:23", "end": "00:07:26", "text": "the way of free thinking. And I'm sure"}, {"start": "00:07:25", "end": "00:07:28", "text": "to some of you this will come as no"}, {"start": "00:07:26", "end": "00:07:29", "text": "surprise because often when you say"}, {"start": "00:07:28", "end": "00:07:31", "text": "something that does not conform to the"}, {"start": "00:07:29", "end": "00:07:33", "text": "majority opinion, public opinion often"}, {"start": "00:07:31", "end": "00:07:35", "text": "will come after you and they will shame"}, {"start": "00:07:33", "end": "00:07:37", "text": "you and guilt you into thinking like"}, {"start": "00:07:35", "end": "00:07:39", "text": "them. And if you don't think like them,"}, {"start": "00:07:37", "end": "00:07:41", "text": "well, you'll beounded and you'll be made"}, {"start": "00:07:39", "end": "00:07:43", "text": "to feel ashamed. That I think is a major"}, {"start": "00:07:41", "end": "00:07:45", "text": "problem for freedom of speech and free"}, {"start": "00:07:43", "end": "00:07:47", "text": "thinking in general. So we have to think"}, {"start": "00:07:45", "end": "00:07:49", "text": "about that. Again, as Hemingway said, if"}, {"start": "00:07:47", "end": "00:07:50", "text": "you don't have obvious enemies, they're"}, {"start": "00:07:49", "end": "00:07:52", "text": "hiding among your friends. You have to"}, {"start": "00:07:50", "end": "00:07:54", "text": "have the courage to think for yourself"}, {"start": "00:07:52", "end": "00:07:56", "text": "and not made to feel ashamed for it. And"}, {"start": "00:07:54", "end": "00:07:58", "text": "by the way guys, as NZ also tells us, it"}, {"start": "00:07:56", "end": "00:08:00", "text": "does not take courage to have"}, {"start": "00:07:58", "end": "00:08:01", "text": "convictions. What takes courage is to"}, {"start": "00:08:00", "end": "00:08:02", "text": "question your convictions. And by the"}, {"start": "00:08:01", "end": "00:08:04", "text": "way guys, I know I'm going to get"}, {"start": "00:08:02", "end": "00:08:06", "text": "attacked in the comment section this"}, {"start": "00:08:04", "end": "00:08:08", "text": "video. That's okay. Listen, I don't care"}, {"start": "00:08:06", "end": "00:08:10", "text": "what they think. I don't care what the"}, {"start": "00:08:08", "end": "00:08:11", "text": "social media mob says about me. They can"}, {"start": "00:08:10", "end": "00:08:13", "text": "say what they want, but I will never bow"}, {"start": "00:08:11", "end": "00:08:15", "text": "down to the social media mob. I refuse"}, {"start": "00:08:13", "end": "00:08:16", "text": "to become like the social media"}, {"start": "00:08:15", "end": "00:08:18", "text": "influencers. All right, guys. The final"}, {"start": "00:08:16", "end": "00:08:19", "text": "thing I'm going to say in this video is"}, {"start": "00:08:18", "end": "00:08:21", "text": "this. When it comes to the Persian"}, {"start": "00:08:19", "end": "00:08:23", "text": "people, I know some of you mean well,"}, {"start": "00:08:21", "end": "00:08:25", "text": "but I don't think the Persian people"}, {"start": "00:08:23", "end": "00:08:28", "text": "need your pity or charity. What people"}, {"start": "00:08:25", "end": "00:08:30", "text": "in Persia need right now is strength and"}, {"start": "00:08:28", "end": "00:08:32", "text": "courage. That is what people in Iran"}, {"start": "00:08:30", "end": "00:08:33", "text": "need right now. If you're going to hope"}, {"start": "00:08:32", "end": "00:08:35", "text": "for anything, and again, hope is not a"}, {"start": "00:08:33", "end": "00:08:37", "text": "strategy, but if you will hope for"}, {"start": "00:08:35", "end": "00:08:39", "text": "anything, please hope that a Persian"}, {"start": "00:08:37", "end": "00:08:42", "text": "people will be courageous and not given"}, {"start": "00:08:39", "end": "00:08:44", "text": "to fear and cowardice. As Shakespeare"}, {"start": "00:08:42", "end": "00:08:46", "text": "says in Julius Caesar, \"A coward dies a"}, {"start": "00:08:44", "end": "00:08:49", "text": "thousand times before his death, but the"}, {"start": "00:08:46", "end": "00:08:51", "text": "brave taste death but once.\" And as Nze"}, {"start": "00:08:49", "end": "00:08:54", "text": "says in Thusperustra, \"Do you possess"}, {"start": "00:08:51", "end": "00:08:56", "text": "courage, oh my brothers? Not courage in"}, {"start": "00:08:54", "end": "00:08:58", "text": "the presence of witnesses, but hermits"}, {"start": "00:08:56", "end": "00:09:01", "text": "and eagles courage. He possesses heart,"}, {"start": "00:08:58", "end": "00:09:04", "text": "who knows fear but masters fear, who"}, {"start": "00:09:01", "end": "00:09:05", "text": "sees the abyss but sees it with pride.\""}, {"start": "00:09:04", "end": "00:09:07", "text": "So, I want to wish you and all our"}, {"start": "00:09:05", "end": "00:09:09", "text": "Persian friends around the world a very"}, {"start": "00:09:07", "end": "00:09:10", "text": "happy Persian New Year, happy Norus, and"}, {"start": "00:09:09", "end": "00:09:14", "text": "I look forward to seeing you guys in the"}, {"start": "00:09:10", "end": "00:09:14", "text": "next video update."}]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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